S. DRAGON (08493) is expected to incur a net loss of approximately HK$14 million to HK$16 million in the year 2025.

12:30 31/03/2026

Zhulon Holdings (08493) announced that, after further discussions with the company's auditor during the audit process, and based on the audit work completed by the auditor as of the date of this announcement, the Board hereby further notifies shareholders and potential investors that the Group expects to cease the recognition of one-time non-cash income of approximately HK$12 million for these two subsidiary companies. These two subsidiaries were previously operating restaurants in Huangpu and Kwun Tong for the Group, but have now been removed due to a winding-up order issued by the High Court of Hong Kong. Therefore, the expected loss for the year ending December 31, 2025, will decrease by approximately HK$12 million compared to the previous announcement, and the revised expected net loss will be between approximately HK$14 million and HK$16 million.

S. DRAGON (08493) Announcement: Further discussions have been made with the company's auditors during the audit process, and based on the audit work completed by the auditors as of the date of this announcement, the Board hereby informs shareholders and potential investors that the Group expects to terminate the recognition of one-time non-cash income of approximately HK$12 million for the two subsidiary companies. These two subsidiary companies were previously operating restaurants in Huangpu and Kwun Tong for the Group, but have been excluded due to a winding-up order issued by the Hong Kong High Court. Therefore, the Group's expected loss for the year ended December 31, 2025 is expected to decrease by approximately HK$12 million compared to previously disclosed, and the revised expected loss will be between approximately HK$14 million and HK$16 million.

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