Century Group International Holdings Limited (Stock Code: 2113) Issues Business Update

Date: 4 May 2026

Key Points from the Announcement

• Solid Operational Foundation Maintained: Despite challenging market conditions, Century Group International Holdings Limited (“the Group”) confirms that its business operations remain stable and resilient.
• Expansion of Revenue Streams: The Group has been actively pursuing new business opportunities, particularly in redevelopment, renewal, and refurbishment projects. Although some potential projects mentioned in previous announcements were not secured, the Group has made significant progress with new contract wins.
• Secured New Projects:
  • Successfully tendered a show flat decoration project with a contract sum of approximately HK\$13.5 million.
  • Signed a letter of acceptance for an interior fitting-out work project with a contract sum of approximately HK\$26.7 million.
  • The revenue from these projects is expected to be recognized during the financial year ending 31 March 2027.
  • The actual financial effects will be determined post-completion and upon final audit review by the Company’s auditors.
• Strategic Reorientation in Site Formation Operations:
  • The Group is shifting its focus from large-scale, long-term projects to shorter-term, smaller-scale projects to enhance operational flexibility.
  • This repositioning aims to enable the concurrent execution of multiple projects, optimize resource utilization, and accelerate revenue recognition.
• Outlook and Strategy:
  • The Group remains cautiously optimistic about its business prospects, recognizing that the operating environment is likely to remain challenging in the near term.
  • Strategic repositioning and the recent contract wins provide a solid foundation for continued business development.
  • The Group will continue to actively seek new business opportunities, closely monitor market conditions, and strive to deliver long-term value to shareholders.
• Ongoing Communication with Shareholders:
  • The Company will inform shareholders and make further announcements in compliance with the Hong Kong Listing Rules if any new business opportunities are materialized.

Potential Price-Sensitive Information for Shareholders

• New Project Wins: The successful tender of two projects (totaling HK\$40.2 million) represents a significant addition to the Group’s revenue pipeline. Investors should note that the revenue from these projects will be recognized in the financial year ending March 2027, potentially impacting future financial performance.
• Strategic Shift: The Group’s move toward shorter-term and smaller-scale projects could lead to a more agile business model, with quicker revenue turnover and optimized resource allocation. This strategic reorientation may improve financial resilience and operational efficiency, factors that could be positively viewed by the market.
• Resilience Amid Market Challenges: The Group’s ability to secure new business and maintain a solid operational foundation during uncertain market conditions demonstrates management’s capability and adaptability, which may enhance investor confidence.

Board Composition

As of the announcement date, the Board comprises:

• Mr. Man Wai Lun (Executive Director)
• Mr. Law, Michael Ka Ming (Independent Non-Executive Director)
• Mr. Chung Man Lai (Independent Non-Executive Director)
• Ms. Lam Yuen Man Maria (Independent Non-Executive Director)

Conclusion

The latest business update from Century Group International Holdings Limited highlights significant developments that could influence the Company’s future financial performance and share price. The securing of new contracts and a strategic shift in project execution underscore a proactive approach in navigating current market challenges. Investors should monitor the Company’s announcements for further updates on business opportunities and financial impacts.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The information is based on the Company’s voluntary announcement dated 4 May 2026 and may be subject to change.

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