Silver Grant International Holdings Group Limited released its unaudited results for the six months ended 30 June 2026.

Revenue and Segment Performance • Group revenue fell 12.1% year-on-year to HK$44.64 million, reflecting a 13.8% drop in Beijing East Gate Plaza rental income to HK$43.31 million. • Distributed photovoltaic power generation contributed HK$1.33 million versus HK$0.58 million a year earlier. • The property-leasing segment posted a HK$65.00 million loss; the investments segment recorded a HK$54.07 million loss; the new-energy segment was broadly breakeven.

Profitability • Loss attributable to owners widened 26.2% to HK$375.77 million. • Basic and diluted loss per share increased to 16.30 HK cents from 12.92 HK cents. • Key drivers included: – HK$90.53 million fair-value loss on investment properties (2025: HK$87.16 million). – HK$38.44 million net impairment on financial assets (2025: HK$55.24 million). – HK$15.06 million fair-value loss on financial assets at FVTPL (2025: HK$14.30 million). – Finance costs surged 39.9% to HK$225.69 million due to default interest and surcharges on overdue borrowings.

Balance-Sheet Metrics • Total assets: HK$6.15 billion (-6.2% Y/Y). • Equity attributable to owners: HK$1.06 billion (-47.9% Y/Y). • Net assets per share halved to HK$0.43. • Cash and bank balances stood at HK$5.61 million; restricted cash was HK$18.85 million. • Interest-bearing bank and other borrowings totalled HK$3.72 billion, with HK$3.46 billion due within 12 months. • Gearing ratio jumped to 352.14% from 171.76%; current ratio dipped to 0.5x.

Associates and JVs • The 35.18% stake in Zhong Hai You Qi (Tai Zhou) Petrochemical was re-classified from joint venture to associate on 14 April 2026; the Group shared a HK$36.30 million loss versus HK$32.10 million loss in 1H 2025 (as a JV). • Share of results from joint ventures swung to a HK$1.22 million profit, helped by improved performance at Beijing Lingjun New Energy Technology.

Operations and Strategy • Eight distributed photovoltaic stations were in operation, raising installed capacity to about 13 MW; one energy-storage project and four EV-charging projects were under various stages of development. • Management is expediting disposal of equity investments and non-performing asset portfolios to bolster liquidity. • Negotiations continue with lenders on overdue borrowings and refinancing; the board prepares the accounts on a going-concern basis, citing planned asset disposals and additional credit facilities.

Dividend • No interim dividend was declared.

Corporate Governance • Independent non-executive director Mr Zeng Wenying was appointed on 14 August 2026, restoring compliance with Listing Rule requirements on board composition and audit-committee membership.