兴合控股年度报告 2025

（於開曼群島註冊成立的有限公司）股份代號: 1891 2025年 度 報 告 2467915213459818687899091 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Sia Kok ChinSia Keng LeongSia Kok ChongSia Kok SengSia Kok Heong A-10-09, Oasis SquareJalan PJU 1A/7AAra Damansara47301 Petaling JayaSelangorMalaysia Sai Shiow YinPuar Chin JongChu Kheh Wee Sai Shiow YinPuar Chin JongChu Kheh Wee 24840 Sai Shiow YinPuar Chin JongChu Kheh Wee Sia Kok ChinSai Shiow YinChu Kheh Wee Tsang Wing Man(ACG HKACG) Sia Kok ChinSia Kok Heong Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Level 8, Wisma Hong LeongNo.18, Jalan Perak50450 Kuala LumpurMalaysia No.48, Jalan PJU 5/8Dataran Sunway, Kota Damansara47810 Petaling JayaSelangor Darul EhsanMalaysia 1617 1891 www.henghup.com 14.617.114.7% 123.07125.962.3% 10.8921.54 Sia Kok Chin SelangorKedah Malacca Johor68,794TerengganuPahang Selangor Penang 1058920 949,634899,83393.2%89.5%6.4%8.2%MelakaJohor11,500152,000 SiaKok Chin53SiaKok ChinSiaKok ChinHH HardwareSia Kok ChinHH BVIHH Holdings Malaysia HH Metal HHPaperHH Paper Melaka HH HardwareHH Metal JohorSia Kok Chin23Sia Kok Chin Sia Kok ChinSekolah Menengah Jenis Kebangsaan Seg HwaSiaKok ChinSia Kok Chin Sia Kok ChinSia Keng LeongSia Kok ChongSia Kok SengSia Kok HeongGoh Eng Kiat Sia Kok ChinDarjah Pangkuan Seri Melaka (D.P.S.M) Sia Kok Chin SiaKeng Leong63Sia Keng LeongHH HardwareSia Keng LeongHH BVIHHHoldings MalaysiaHH Metal HH Paper HH Paper Melaka HH HardwareHH Metal JohorHeng Hup HardwareSia Keng Leong20Sia KengLeongHH HardwareHH Paper Melaka Sia Keng LeongSekolah Menengah Jenis Kebangsaan Seg Hwa Sia Keng LeongSia Kok ChinSia Kok ChongSia Kok SengSia Kok HeongGoh Eng Kiat Sia Keng Leong SiaKok Chong61Sia KokChongHHHardwareSia Kok ChongHHBVI HH HoldingsMalaysiaHHMetalHHPaperHHPaper MelakaHHHardwareHHMetal JohorHHHardwareSia Kok Chong27Sia Kok ChongHH Metal Johor Sia Kok ChongSekolah Menengah Jenis Kebangsaan Seg Hwa Sia Kok ChongSia Kok ChinSia Keng LeongSia Kok SengSia Kok HeongGoh Eng Kiat Sia Kok Chong SiaKok Seng57Sia Kok SengHH HardwareSia Kok SengHH BVIHH Holdings Malaysia HHMetalHH Paper HH Paper Melaka HH HardwareHH Metal JohorHH HardwareSia Kok Seng27Sia Kok SengHH PaperHHMetal Sia Kok SengSekolah Menengah Jenis Kebangsaan Seg Hwa Sia Kok SengSia Kok ChinSia Keng LeongSia Kok ChongSia Kok HeongGoh Eng Kiat Mr.Sia Kok Heong51SiaKokHeongHHHardwareSia Kok HeongHH BVIHH Holdings Malaysia HH Metal HH Paper HH Paper MelakaHH Metal JohorSiaKok Heong18Sia Kok HeongHH HardwareHH PaperMelaka Sia Kok HeongInstitut Teknologi Pertama Sia Kok HeongSia Kok ChinSia Keng LeongSia Kok ChongSia Kok SengGoh Eng Kiat Sia Kok Heong SaiShiow Yin44Sai SaiSai(FCPA) KnightFrank Australia Pty Ltd Jones Lang LaSalle (VIC) Pty LtdTelstra LimitedASX20 SunPower Solar Malaysia Sdn. Bhd. Jones Lang LaSalle GroupJones Lang LaSalle500 Atalian Global Services Sdn. Bhd. Air Liquide Business Services Sdn Bhd.Air Liquide S.AAirLiquide S.A500GBSC PuarChin Jong56Puar Puar FACBCapital Sdn BhdFACBResortsBerhadKarambunaiCorporation Berhad FACBCapital Sdn BhdFACB Capital Sdn Bhd Petaling Tin BerhadPTBPTB PTBAllianceMerchant Bank BerhadAllianceInvestmentBank BerhadAIBBAIBB RHB Investment Bank BerhadRHBIB RHBIBS P Setia BerhadS P SetiaBerhadSP Setia BerhadS P Setia Berhad ECoreSynergy PLT SCC Holdings BerhadKucingko BerhadACE Chu Kheh Wee56Chu ChuChu ChuExecutiveProsight ResourcesChuD’ Tiara Corp. Sdn. Bhd.AIMChuK W Chu Trading ServicesChuOil-Line Engineering and Associates Sdn. Bhd.OilCorp BerhadChuTenagaNazar (M) Sdn. Bhd.OilCorp BerhadChuWorthyBuilders Sdn.Bhd.ChuChasePerdana BerhadChuGoldenPlus Builders Sdn.Bhd.GoldenPlus Holdings BerhadChuWorthy Builders Sdn. Bhd.Chase Perdana BerhadGolden Plus Builders Sdn. Bhd ChuSMRT Holdings BerhadAce Goh Eng Kiat67HH Metal JohorMelakaJohor GohSegHwa N.T.Goh GohSiaKok ChinSia Keng LeongSiaKok ChongSiaKok SengSiaKokHeong Goh 14.617.114.7% 123.07125.962.3%1.08% 10.8921.5449.4% 1,455.431,706.6614.7% 899,833949,6345.2% 125.962.89123.07 1.441.33 0.211.30 3.311.43 55.3124.8%69.02 31.6131.111.6% 24%24%11.327.0139.2%34.5% 14.5825.4642.7% 252.87238.44169.34154.76168.22164.7457.1652.39 86.8176.93 0.370.35 39.2028.56 • • 4.0%1.7%6.162.92 0.028 63%66% C1C.2.1Sia Kok ChinSiaKok Chin C3 (5)SiaKok ChinSia Keng LeongSiaKokChongSia Kok SengSia Kok Heong(3)Sai Shiow YinPuarChin JongChu Kheh Wee 3.10(1)3.10(2)3.10(2) 13.92 7:18:1 Sia Kok ChinSia Keng LeongSia Kok ChongSia Kok SengSiaKokHeong 914 3.13C.1.4 C.1 Sia Kok ChinSia Keng LeongSia Kok ChongSia Kok SengSia Kok Heong Sia Kok ChinSia Keng LeongSia Kok ChongSia Kok SengSia KokHeongSai Shiow YinPuar Chin JongChu Kheh WeeESG C.2.1Sia Kok ChinC.2.1SiaKok Chin 84(1)(3)Sia Kok ChinSia Keng LeongSai Shiow Yin 14 C.5.1 C.2.7 (6) A.2.1 Sai Shiow YinPuar Chin JongChu Kheh Wee (6) Sai Shiow YinPuar Chin JongChu Kheh Wee Sia Kok Ch