合景悠活2025 年度报告

39132025 23458122741616774168 20256202025620 Cricket Square, Hutchins Drive, P.O. Box 2681,Grand Cayman, KY1-1111, Cayman Islands 39𢡱131302 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins Drive, P.O. Box 2681,Grand Cayman, KY1-1111, Cayman Islands 183171712–1716 20261312026131 20261312026131 www.kwgliving.com 3913 20263 31 20265 2920266 3 20266 3 2004202010 303913 20 2025 202512 31 2025 2025202512313,329.9316.3242.4202512 31829.424.9% 1 202520251231 2 3 202512 31 202512 31 5 4 2026 2025 202512 311,675.25.3% 202512 31202512 311,654.78.3% 202512 31393.2 202512 31184.6 202512 3183.829.0202512 31 202512 3190.6%20242.020212022 2023 2024202563.1%78.6%82.9%88.6%90.6% 202512 319.2% (i)(ii) • •(i)(ii)•(i)—(ii)—(iii)— ••——•(i)(ii)(iii)• 202512 31202412 311,769.25.3%1,675.220251,466.90.2% 57.1% (1) (2) (3) 202512 31202412 311,804.38.3%1,654.7 202512 31 (1)(2)(3) 202482.5202568.1 20241,464.520251,466.9202512 31 2024222.12025140.2 202422.1202510.5202512 31 20241,621.220251,487.5202512 31 202455.9202552.8 2024105.12025103.9 (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)202512312,500.4202412 312,690.8190.47.1%202512 31 202512 312024882.753.36.0%2025829.4202512 3124.9%202424.7% 2024121.3202519.5101.883.9%5.84.23.4202496.52025 (i)(ii)(iii)202512 31428.3202412 31471.643.39.2%20252024 202512 31543.1202412 311,050.048.3%393.283.829.0202512312024630.0202583.8546.2 202512 31167.0202412 319.7157.32025202512 31184.6 202512 31316.32024558.7 202512 315,976.0202412 316,184.53,182.6202412 313,042.4202512 311.67202412311.84 202512 311,219.2202412 311,145.66.4%202512 310.4 202512 31414.3202412 31524.1140.31274.02455.7202512 3110.16.82%8.21% 202512 312,742.3202412 312,783.641.31.5%20251231202512 31 202512 31684.7202412 31609.075.712.4%20251231 2025202412 31 2025202412 31 202512 31 202512 31C1 F.2.220256 3 C3202512 31202512 31 202512 31 20256 2020256 18 2026202512 31 2028 202512 31 24202512 3148522025202512 31 3.133.13 202512 31 2025368124143 202512 31511 202512 31 C.2.1 20259 1520259 15 3 202512 31 20256202025620 202010 202512 31 202512 318 202512 311 202010 202512 31 202512 312 202010 • ••••• • A.2.1 C2 202512 31202412 3120256 30A.2.1 202512 312 202512 31 2025202512 313,600,000100,000 20261 313.29202512 3115 202512 31 •20126•• 58(2) 39𢡱131302 (2) (21) cosec@kwgliving.com39𢡱131302 202512 31 20255 202512 31 202512 31 1 202512 3139 202512 31 (www.kwgliving.com)(www.hkexnews.hk) 202512 3174 202512 312024 168 13 202512 31202512 31 (a) 20211 1880%2021202212 315%2021202212 31(3)20211231202212 312023202212 31 2023202512 31202212 313 202212 31 (b) 20221 1050%20222023202412 31202512 312022202312 31202412 31202412 3196.5 2025202512 31202612 3120256 30202412 31 28 202512 3120251231 4130 202512 311432,212,465,000 202512 3113.3%202415.1%9.1%202411.4% 202512 3119.7%202421.3%8.7%20246.8% 5% 202512 3126165 842026 83(3)2026 3.13202512 31 2026 202512 31 202512 31571XV(i)352(ii) (2) (3) (4)202010 14 202512 31XV(i)352(ii) 20216 3 (1) 17(i)(ii) (2) (i) (ii) (3) 201,781,0239.96% (4) 121% 1% (i)12(ii) (5) 101010 301.0030 (7) (i)(ii)5(iii) (8) 20316 21052 (9) 20251 1202512 31201,551,5239.95% 202512 31 (1)20212021202241525%20234 1550%20244 15 (2) (3) 29 20217 2320217 23 (1) (i)(ii)(iii) (2) (3) 20317221053 (4) 5%100,890,5114.98% 5% (5) (6) (7) (8) (9) 20251 1202512 3199,985,0114.94% 202512 31 202512 31 202512 31 202512 31 202512 31202512 31 1,253,000 202512 31XV23336 (1)202512 312,025,858,916 (2) (3)202010 14 (4) 202512 31XV23336 202010 14202010 19202512 31 (i)(ii)(iii) 13.51B(1)202513.51B(2)(a)(e)(g) 241920262 11 202512 3114A 1. 202211 21(i)(ii)20231 1202512 31 202512 3138.6202512 3116.5 2. 202211 21(i)(ii)202311202512 31 202512 31523.8202512 31131.1 3. 202211 2120231 1202512 31 202512 31344.2202512 319.2 4. 202211 21(i)(ii)(a)(b)(c)202311202512 31 202512 31297.2202512 3188.0 5. 202211 21(i)(ii)20231 1202512 31 202512 31166.4202512 3167.9 6. 202211 2120231 1202512 31 202512 3163.5202512 316.8 7. 202211 2120231 1202512 31 202512 3128.6202512 310.1 14A.55(i)(ii)(iii) 3000740202512 3114A.56 ••••202512 31 202512 3114A 202512 3136 3614A14A14A14A3614A202512 3114A 202512 31 202512 3112,244202415,577 25% 202512 31 202010 302,913.1— 20216 29(i)705.7(ii)241.3(iii)145.6(iv)72.820216 29 20221 1020221 10(i)250.0(ii)120.6(iii)36.4(iv)52.7 202712 31 202512 3120262026 20263 31 2019911 60201991120206 1920236 2 19881024200451984919971019971120076181320076 2019820223171820189220173 150,000 2025620 48199732820251 150,000 2020619 582020619 19896301994111994111995419956200762007719851219937 2008320101120222 300,000 2020109 592020109 1988713200252005520055123820098201242014320243 272012320121120139202096989 20156PMBA2019920196 300,000 2020109 572020109 199210331992819999•19991020078200812010839182011120148209820147