Willas-Array Electronics (Holdings) Limited — Earnings Release 2025

Aug 1, 2025

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Singapore Exchange Securities Trading 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.

Singapore Exchange Securities Trading Limited assumes no responsibility for the correctness of any of the statements made, reports contained or opinions expressed in this announcement.

WILLAS-ARRAY

WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED

威雅利電子（集團）有限公司

(Incorporated in Bermuda with limited liability)

(Hong Kong stock code: 854)

(Singapore stock code: BDR)

POSITIVE PROFIT ALERT

This announcement is made by Willas-Array Electronics (Holdings) Limited (the "Company" and, 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 "HK Listing Rules") and the Inside Information Provisions (as defined in the HK Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as well as in accordance with Rule 703 of the Listing Manual of Singapore Exchange Securities Trading Limited.

The board of directors of the Company (the "Board") wishes to inform the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the six months ended June 30, 2025 (the "Period"), it is expected that the Group is likely to record a consolidated net profit for the Period in the range of HK$15.0 million to HK$25.0 million, as compared to a consolidated net loss of approximately HK$78.6 million for the six months ended June 30, 2024 (the "FY 2024 Interim").

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The Board believes that the significant improvement in the Group’s financial performance during the Period is mainly attributable to: (i) general improvement in gross profit margin during the Period as compared with FY 2024 Interim; (ii) net impairment reversals of certain trade receivables of the Group in the Period as compared to net impairment losses in FY 2024 Interim; and (iii) a net reversal of allowance for inventory for the Period as compared to stock provision made for the slow-moving inventories in FY 2024 Interim.

The Company is in the process of preparing and finalising the Group’s unaudited financial results for the Period (the “Interim Results”). The information contained in this announcement is solely based on the information currently available to the Board and the Board’s preliminary assessment of the Unaudited Management Accounts, which has neither been reviewed or finalised by the audit committee of the Company, nor reviewed or audited by the external auditors of the Company. Details of the Interim Results of the Group for the Period are expected to be published in mid-August 2025. Shareholders are advised to read the Company’s announcement of the Interim Results in detail once it is available.

Holders of the Company’s securities and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company and, in case of doubt, to seek independent advice from professional or financial advisers.

By Order of the Board
Willas-Array Electronics (Holdings) Limited
Xie Lishu
Chairman and Executive Director

Hong Kong/Singapore, August 1, 2025

As at the date of this announcement, the Board comprises two Executive Directors, namely Xie Lishu (Chairman) and Fan Qinsheng; one Non-executive Director, Huang Shaoli; and four Independent Non-executive Directors, namely Chong Eng Wee (Lead Independent Director), Lau Chin Huat, Tso Sze Wai and Jiang Maolin.

In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.

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