Standard Development Group Limited — Earnings Release 2025

Jun 11, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Standard Development Group Limited

標準發展集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1867)

PROFIT WARNING INCREASE IN LOSS

This announcement is made by Standard Development Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The board of directors of the Company (the "Board") wishes to inform shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary review by the Board on the unaudited consolidated management accounts of the Group for the financial year ended 31 March 2025 (the "Year"), which have not been audited or reviewed by the independent auditors and/or the audit committee of the Company, and taking into account the information currently available to the Board, it is estimated that the Group will record a loss for the year of not less than approximately HK$40.00 million for the Year, as compared to a loss for the year of approximately HK$20.13 million for the financial year ended 31 March 2024.

The Board considers that the expected increase in loss for the Year of the Group is primarily attributable to: (i) the decrease in revenue due to the decrease in petroleum and construction and engineering related business; (ii) the increase in administrative and finance expenses; and (iii) the Group's two bio-nature gas projects have not created profit yet as they have only begun to generate revenue from around the fourth quarter of the Year following the operations of the projects.

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As the Company is still in the process of finalizing the consolidated annual results of the Group for the Year, the information contained in this announcement is only based on the information currently available to the Board and the preliminary review by the Board on the unaudited management accounts of the Group for the Year, which have not been audited or reviewed by the independent auditor and/or the audit committee of the Company. The actual financial results of the Group for the Year may differ from what is disclosed in this announcement.

Shareholders and potential investors are advised to read carefully the announcement of the Company in relation to the annual results of the Group for the Year, which is expected to be published by the end of June 2025 in accordance with the requirements of the Listing Rules.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board
Standard Development Group Limited
Liu Zhancheng
Chairman and Executive Director

Hong Kong, 11 June 2025

As at the date of this announcement, the Board comprises Mr. Liu Zhancheng and Mr. Xu Jing as executive Directors; and Dr. Su Lixin, Mr. Liang Rongjin and Dr. Yan Bing as independent non-executive Directors.

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