Hong Kong Holdings: The recent stock price increase has been significant, with the increase clearly deviating from the same industry and the Shanghai Stock Exchange Index.

On September 17, Hong Kong Holdings announced that the company's stock price has recently risen significantly, deviating noticeably from the same industry and the Shanghai Stock Exchange Index. The company advises investors to invest rationally, pay attention to the risks of secondary market trading, make rational decisions, and invest cautiously. The company's current price-to-book ratio is 1.473. According to the classification results of the China Listed Companies Association published on the website of the China Securities Index Co., Ltd., on September 16, 2025, the industry price-to-book ratio of the "Real Estate" sector to which the company belongs in the medium and high association category is 0.92, higher than the industry average.