Earnings release
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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. (Incorporated in Hong Kong with limited liability under the Companies Ordinance) (Stock Code: 440) ANNOUNCEMENT OF 2026 INTERIM RESULTS - 1 - The Directors of Dah Sing Financial Holdings Limited ( “DSFH” or the “Company”) are pleased to present the interim results and condensed consolidated financial statements of the Company and its subsidiaries (collectively the “Group”) for the six months ended 30 June 2026. The unaudited profit attributable to shareholders after non - controlling interests for the six months ended 30 June 2026 was HK$1,457.6 million. UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS The unaudited 2026 interim condensed consolidated financial statements of the Group have been prepared in accordance with Hong Kong Accounting Standard No. 34 “Interim Financial Reporting” issued by the Hong Kong Institute of Certified Public Accountants. UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT For the six months ended 30 June HK$’000 Note 2026 2025 Variance % Interest income 3 4,878,227 5,343,273 Interest expense 3 (1,880,659) (2,528,332) Net interest income 2,997,568 2,814,941 6.5 Fee and commission income 4 1,032,201 828,423 Fee and commission expense 4 (100,439) (107,935) Net fee and commission income 931,762 720,488 29.3 Insurance revenue 5 662,948 620,924 Insurance service expense 5 (472,313) (444,667) Net expense from reinsurance contracts held 5 (112,590) (109,072) Insurance service result 78,045 67,185 Net trading income 6 242,893 459,206 Net insurance finance expense 5 (3,308) (19,226) Other operating income 7 71,308 69,776 Total operating income 4,318,268 4,112,370 5.0 Operating expenses 8 (1,805,428) (1,781,701) 1.3 Operating profit before impairment losses 2,512,840 2,330,669 7.8 Credit impairment losses 9 (724,134) (729,151) -0.7 Operating profit before gains and losses on certain investments and fixed assets 1,788,706 1,601,518 11.7 Net gain/ (loss) on disposal of other fixed assets 5 (40) Net gain on disposal of financial assets at amortised cost 11,665 - Net gain on disposal of financial assets at fair value through other comprehensive income 2,485 - Share of results of an associate 511,385 442,756 Loss on deemed disposal of investment in an associate 10 (125,311) - Share of results of jointly controlled entities 20,708 15,902 Profit before taxation 2,209,643 2,060,136 7.3 Taxation 11 (295,743) (249,297) Profit for the period 1,913,900 1,810,839 5.7 Profit attributable to non-controlling interests (456,333) (404,655) 1,457,567 1,406,184 Profit attributable to Shareholders of the Company 3.7 Interim dividend 382,997 370,071 Earnings per share Basic 12 HK$4.57 HK$4.41 Diluted 12 HK$4.31 HK$3.79
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Dah Sing Financial Holdings Limited - 2 - UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30 June HK$’000 2026 2025 Profit for the period 1,913,900 1,810,839 Other comprehensive income for the period Items that may be reclassified to the consolidated income statement: Investments in securities Net change in fair value of debt instruments at fair value through other comprehensive income (255,759) 184,237 Share of other comprehensive income of an associate accounted for using the equity method 25,631 (148,183) Net gain realised and transferred to consolidated income statement upon: - Disposal of debt instruments at fair value through other comprehensive income (2,485) - Deferred income tax related to the above 38,680 (22,333) (193,933) 13,721 Exchange differences arising on translation of the financial statements of foreign entities 168,089 280,943 Items that will not be reclassified to the consolidated income statement: Investments in securities Share of other comprehensive income of an associate accounted for using the equity method (913) 1,118 Net change in fair value of equity instruments at fair value through other comprehensive income 1,124,958 430,551 Deferred income tax related to the above (58,522) (41,705) 1,065,523 389,964 Other comprehensive income for the period, net of tax 1,039,679 684,628 Total comprehensive income for the period, net of tax 2,953,579 2,495,467 Attributable to: Non-controlling interests 450,930 482,697 Shareholders of the Company 2,502,649 2,012,770 Total comprehensive income for the period, net of tax 2,953,579 2,495,467
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Dah Sing Financial Holdings Limited - 3 - UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION HK$’000 Note As at 30 Jun 2026 As at 31 Dec 2025 ASSETS Cash and balances with banks 7,842,775 15,742,682 Placements with banks maturing between one and twelve months 8,729,106 8,317,239 Trading securities 13 9,656,952 2,093,825 Financial assets at fair value through profit or loss 13 2,371,831 2,594,472 Derivative financial instruments 3,451,159 2,523,621 Advances and other accounts 14 147,601,603 144,679,252 Financial assets at fair value through other comprehensive income 15 57,094,610 52,984,722 Financial assets at amortised cost 16 35,377,540 34,008,953 Investment in an associate 10 3,597,425 2,968,045 Investments in jointly controlled entities 167,792 147,084 Intangible assets 92,390 92,390 Goodwill 292,751 292,751 Premises and other fixed assets 3,529,902 2,871,115 Investment properties 1,053,860 760,724 Current income tax assets 4,126 5,180 Deferred income tax assets 318,057 297,922 Total assets 281,181,879 270,379,977 LIABILITIES Deposits from banks 4,674,464 284,833 Derivative financial instruments 1,992,573 1,394,732 Trading liabilities 4,273,629 1,348,191 Deposits from customers 204,047,328 204,732,856 Certificates of deposit issued 289,756 887,875 Subordinated notes 4,297,783 4,274,938 Other accounts and accruals 17 11,584,255 9,933,416 Current income tax liabilities 953,528 773,329 Deferred income tax liabilities 282,075 263,433 Total liabilities 232,395,391 223,893,603 EQUITY Non-controlling interests 9,265,932 8,996,148 Equity attributable to the Company’s shareholders Share capital 4,224,134 4,238,285 Other reserves (including retained earnings) 35,296,422 33,251,941 Shareholders’ funds 18 39,520,556 37,490,226 Total equity 48,786,488 46,486,374 Total equity and liabilities 281,181,879 270,379,977
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Dah Sing Financial Holdings Limited - 4 - Note: 1. General information Dah Sing Financial Holdings Limited (the “Company”) and its subsidiaries (together the “Group”) provide banking, insurance, financial and other related services in Hong Kong, Macau, and the Chinese Mainland. 2. Unaudited financial statements and accounting policies The information set out in this interim results announcement does not constitute statutory consolidated financial statements. Certain financial information in this interim results announcement is extracted from the statutory consolidated financial statements for the year ended 31 December 2025 (the “2025 consolidated financial statements”) which have been delivered to the Registrar of Companies as required by section 662(3) of, and Part 3 of Schedule 6 to, the Hong Kong Companies Ordinance (Cap.622), and the Hong Kong Monetary Authority (“HKMA”). The auditor’s report on the 2025 consolidated financial statements was unqualified; did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying its report; and did not contain a statement under section 406(2), 407(2) or (3) of the Hong Kong Companies Ordinance (Cap.622). Basis of preparation and accounting policies Except as described below, the accounting policies and methods of computation used in the preparation of the 2026 interim condensed consolidated financial statements are consistent with those used and described in the Group’s annual audited consolidated financial statements for the year ended 31 December 2025. (a) New and amendments to HKFRS Accounting Standards adopted by the Group The following amendments to HKFRS Accounting Standards that became applicable for annual reporting periods commencing on or after 1 January 2026: • Amendments to the Classification and Measurement of Financial Instruments – Amendments to HKFRS 9 and HKFRS 7 The Hong Kong Institute of Certified Public Accountants issued amendments to HKFRS 9 and HKFRS 7 to provide guidance as to when certain financial liabilities can be deemed settled when using an electronic payment system, and the amendments also provide fur ther clarifications regarding the classification of financial assets that contain contractual terms that change the timing and amount of contractual cash flows, including those arising from environmental, social and governance-related contingencies, and financial assets with certain non-recourse features. These amendments have no material impact on the Group’s operations or financial statements.
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Dah Sing Financial Holdings Limited - 5 - 2. Unaudited financial statements and accounting policies (Continued) Basis of preparation and accounting policies (Continued) (b) New and amendments to HKFRS Accounting Standards not yet adopted Certain new and amendments to HKFRS Accounting Standards have been published that are not yet effective from 1 January 2026 and have not been early adopted by the Group: • HKFRS 18 Presentation and Disclosure in Financial Statements (effective for annual periods beginning on or after 1 January 2027) HKFRS 18 will replace HKAS 1 Presentation of financial statements, introducing new requirements that will help achieve comparability of the financial performance of similar entities and provide more relevant information and transparency to users. Its impacts on presentation and disclosure are expected to be pervasive, in particular those related to the statement of financial performance and providing, management -defined performance measures within the financial statements. HKFRS 18 has no impact on recognition criteria or measurement bases, it only has impact on presentation of the financial statements, in particular the income statement and to a lesser extent the cash flow statement. Management is currently assessing the detailed implications of applying the new standard. There are no other new or amendments to HKFRS Accounting Standards that are effective from 1 January 2026 or not yet effective that would be expected to have a material impact on the Group. The interim condensed consolidated financial statements are presented in thousands of Hong Kong dollars (HK$’000), unless otherwise stated, and were approved by the Board of Directors for issue on 28 August 2026. These interim condensed consolidated financial statements have not been audited.
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Dah Sing Financial Holdings Limited - 6 - 3. Net interest income For the six months ended 30 June HK$’000 2026 2025 Interest income Cash and balances with banks 283,308 357,121 Investments in securities 1,859,478 2,038,425 Advances and other accounts 2,735,441 2,947,727 4,878,227 5,343,273 Interest expense Deposits from banks/ Deposits from customers 1,643,477 2,261,064 Certificates of deposit issued 10,263 71,812 Subordinated notes 135,372 149,742 Lease liabilities 8,042 8,809 Others 83,505 36,905 1,880,659 2,528,332 Included within interest income - Trading securities and financial assets at fair value through profit or loss 64,081 43,778 - Financial assets at fair value through other comprehensive income 1,143,564 1,340,899 3,958,596 - Financial assets at amortised cost 3,670,582 4,878,227 5,343,273 Included within interest expense - Financial liabilities at fair value through profit or loss 42,227 12,903 - Financial liabilities not at fair value through profit or loss 1,838,432 2,515,429 1,880,659 2,528,332 In the six months ended 30 June 2026 and 2025, there was no interest income recognised on impaired assets.
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Dah Sing Financial Holdings Limited - 7 - 4. Net fee and commission income For the six months ended 30 June HK$’000 2026 2025 Fee and commission income Fee and commission income from financial assets and liabilities not at fair value through profit or loss - Credit related fees and commissions 86,597 88,540 - Trade finance 31,645 29,711 - Credit card 99,768 105,758 Other fee and commission income - Securities brokerage 88,867 83,861 - Insurance distribution and others 384,412 239,345 - Retail investment and wealth management services 264,577 137,285 - Bank services and handling fees 34,390 31,740 - Other fees 41,945 112,183 1,032,201 828,423 Fee and commission expense Fee and commission expense from financial assets and liabilities not at fair value through profit or loss - Handling fees and commission 90,764 98,223 - Other fees paid 9,675 9,712 100,439 107,935 The Group provides custody, trustee, corporate administration, and investment management services to third parties. The assets subject to these services are held in a fiduciary capacity and are not included in these consolidated financial statements. 5. Insurance service result after net insurance finance expense For the six months ended 30 June HK$’000 2026 2025 Insurance revenue 662,948 620,924 Insurance service expense (472,313) (444,667) Net expense from reinsurance contracts held (112,590) (109,072) Insurance service result 78,045 67,185 Net insurance finance expense (3,308) (19,226) Insurance service result after net insurance finance expense 74,737 47,959
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Dah Sing Financial Holdings Limited - 8 - 6. Net trading income For the six months ended 30 June HK$’000 2026 2025 Dividend income from financial assets at fair value through profit or loss 57,284 47,023 Net gain arising from dealing in foreign currencies 229,967 398,968 Net gain on trading securities 6,713 15,030 Net (loss)/ gain from derivatives entered into for trading purpose (7,872) 4,148 Net gain arising from financial instruments subject to fair value hedge 840 534 Net loss on financial instruments at fair value through profit or loss (44,039) (6,497) 242,893 459,206 7. Other operating income For the six months ended 30 June HK$’000 2026 2025 Dividend income from investments in equity instruments at fair value through other comprehensive income - Derecognised during the period - Listed investments 4,452 669 - Held at the end of the period - Listed investments 40,006 48,123 - Unlisted investments 1,360 1,500 Gross rental income from investment properties 14,576 10,237 Other rental income 7,737 7,981 Others 3,177 1,266 71,308 69,776 8. Operating expenses For the six months ended 30 June HK$’000 2026 2025 Employee compensation and benefit expenses (including directors’ remuneration) 1,296,953 1,283,047 Premises and other fixed assets expenses, excluding depreciation 121,351 110,399 Depreciation - Premises and other fixed assets 141,806 127,973 - Right-of-use properties 59,547 59,386 Advertising and promotion costs 37,873 38,126 Printing, stationery and postage 18,718 18,569 Others 129,180 144,201 1,805,428 1,781,701
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Dah Sing Financial Holdings Limited - 9 - 9. Credit impairment losses For the six months ended 30 June HK$’000 2026 2025 New allowances net of allowance releases 774,655 780,339 Recoveries of amounts previously written off (50,521) (51,188) 724,134 729,151 Attributable to: - Loans and advances to customers 742,835 706,412 - Other financial assets (13,582) 30,004 - Loan commitments and financial guarantees (5,119) (7,265) 724,134 729,151 10. Loss on deemed disposal of investment in an associate, impairment loss on investment in an associate, and investment in an associate Loss on deemed disposal of investment in an associate This is related to the R MB 13 billion 6 -year convertible bonds (the “BOCQ CB”) issued by the Group's associate, Bank of Chongqing (“BOCQ”), in March 2022. In the six months to 30 June 2026, holders of around RMB 1,436.3 million BOCQ CB elected to convert into 151.2 million new BOCQ’s A shares (2025: holders of RMB 0.1 million BOCQ CB elected to convert into 0. 01 million new BOCQ’s A shares). As a result, t he Group's shareholding interest in BOCQ was diluted from 13.20% to 12.65%. The loss arising from such deemed disposal amounted to HK$125,311,000 (2025: Nil). Impairment loss on investment in an associate The Group assesses at the end of each reporting period whether there is any indication that the investment in BOCQ may be impaired. No impairment charge was made for the first half of 2026 and 2025. Investment in an associate On 24 June 2026, the Group acquired an additional 30,000,000 BOCQ H shares from an existing shareholder of BOCQ at market price. This acquisition restored the Group’s shareholding interest in BOCQ from 12.65% to 13.48%. The Group is considered to have significant influence over BOCQ on the basis of its representation on the board of directors of BOCQ and participation in BOCQ’s policy-making process.
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Dah Sing Financial Holdings Limited - 10 - 11. Taxation Hong Kong profits tax has been provided at the rate of 16.5% (2025: 16.5%) on the estimated assessable profit for the period . Taxation on profits in Chinese Mainland and Macau has been calculated on the estimated assessable profit for the period at the rates of taxation prevailing in these overseas markets in which the Group operates. Deferred taxation is calculated in full on temporary differences under the liability method at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. For the six months ended 30 June HK$’000 2026 2025 Current income tax - Hong Kong profits tax 292,668 254,003 - Chinese Mainland’s and Macau’s taxation 14,527 2,779 Pillar Two income taxes - - Deferred income tax - Origination and reversal of temporary differences (11,452) (7,485) Taxation 295,743 249,297 12. Basic and diluted earnings per share The calculation of basic earnings per share for the six months ended 30 June 202 6 is based on earnings of HK$1,457,567,000 (2025: HK$1,406,184,000) and the weighted average number of 319,084,493 (2025: 319,112,928) ordinary shares in issue during the period. The calculation of diluted earnings per share for the six months ended 30 June 202 6 is based on earnings of HK$$1,457,567,000 (2025: HK$1,406,184,000) and deducting from it the dilutive effect of our share of profits in an associate amounting to HK$ 76,831,000 (2025: HK$190,542,000) and the weighted average number of 320,313,114 (2025: 320,536,343) ordinary shares in issue during the period after adjusting for the effect of shares awarded under share award scheme in 1,228,621 shares (2025: 1,423,415 shares). The share options outstanding during the period and at the period end have no dilutive effect on the weighted average number of ordinary shares. 2026 2025 Profit attributable to shareholders (HK$’000) 1,457,567 1,406,184 Dilutive effect of share of profits in an associate (HK$’000) (76,831) (190,542) Profit used to determine diluted earnings per share (HK$’000) 1,380,736 1,215,642 Weighted average number of ordinary shares in issue 319,084,493 319,112,928 Effect of awarded shares 1,228,621 1,423,415 Weighted average number of ordinary shares in issue used to determine diluted earnings per share 320,313,114 320,536,343
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Dah Sing Financial Holdings Limited - 11 - 13. Trading securities and financial assets at fair value through profit or loss HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Trading securities: Debt securities: - Listed in Hong Kong 8,853 5,895 - Unlisted 9,648,099 2,087,930 9,656,952 2,093,825 Financial assets at fair value through profit or loss: Debt securities: - Listed outside Hong Kong 21,895 42,104 Investment funds - Listed in Hong Kong 3,657 4,585 - Unlisted 31,989 31,824 Equity securities: - Listed in Hong Kong 5 60 - Listed outside Hong Kong 1,322,321 1,348,948 - Unlisted 991,964 1,166,951 2,371,831 2,594,472 Total 12,028,783 4,688,297 Included within debt securities are: - Treasury bills which are cash equivalents 4,173,500 847,674 - Other treasury bills 5,474,598 1,240,256 - Government bonds 7,892 5,048 - Other debt securities 22,857 42,951 9,678,847 2,135,929 As at 30 June 2026 and 31 December 2025, there were no certificates of deposit held included in the above balances. Trading securities and financial assets at fair value through profit or loss are analysed by categories of issuer s as follows: - Central governments and central banks 9,655,991 2,092,978 - Corporate entities 2,371,831 2,594,472 - Public sector entities 961 847 12,028,783 4,688,297
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Dah Sing Financial Holdings Limited - 12 - 14. Advances and other accounts HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 142,168,828 140,158,234 Gross loans and advances to customers Less: impairment allowances - Stage 1 (405,995) (386,587) - Stage 2 (984,546) (968,896) - Stage 3 (1,005,125) (872,355) (2,395,666) (2,227,838) 139,773,162 137,930,396 Trade bills 3,074,892 2,350,827 Less: impairment allowances - Stage 1 (2,779) (2,430) - Stage 2 - (1) (2,779) (2,431) 3,072,113 2,348,396 Other assets 4,779,171 4,419,737 Less: impairment allowances - Stage 1 (12,497) (10,824) - Stage 2 (4,031) (2,560) - Stage 3 (6,315) (5,893) (22,843) (19,277) 4,756,328 4,400,460 Advances and other accounts 147,601,603 144,679,252
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Dah Sing Financial Holdings Limited - 13 - 14. Advances and other accounts (Continued) (a) Gross loans and advances to customers by industry sector classified according to the usage of loans HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Outstanding balance % of gross loans and advances Outstanding balance % of gross loans and advances Loans for use in Hong Kong Industrial, commercial and financial - Property development 6,059,340 4.3 5,741,066 4.1 - Property investment 20,925,597 14.7 21,258,210 15.2 - Financial concerns 5,563,471 3.9 6,617,174 4.7 - Stockbrokers 1,468,349 1.0 713,378 0.5 - Wholesale and retail trade 3,605,390 2.6 3,556,059 2.5 - Manufacturing 1,896,038 1.3 1,380,031 1.0 - Transport and transport equipment 2,400,675 1.7 2,344,458 1.7 - Recreational activities 48,241 - 10,837 - - Information technology 537,057 0.4 648,907 0.5 - Others 5,624,222 4.0 5,898,147 4.2 48,128,380 33.9 48,168,267 34.4 Individuals - Loans for the purchase of flats in Home Ownership Scheme, Private Sector Participation Scheme and Tenants Purchase Scheme 272,404 0.2 288,885 0.2 - Loans for the purchase of other residential properties 31,929,314 22.5 32,583,511 23.2 - Credit card advances 3,607,096 2.5 3,683,218 2.6 - Others 20,249,637 14.2 18,161,622 13.0 56,058,451 39.4 54,717,236 39.0 Loans for use in Hong Kong 104,186,831 73.3 102,885,503 73.4 Trade finance (Note (1)) 6,149,102 4.3 4,662,539 3.3 Loans for use outside Hong Kong (Note (2)) 31,832,895 22.4 32,610,192 23.3 142,168,828 100.0 140,158,234 100.0 Note: (1) Trade finance shown above represents loans covering finance of imports to Hong Kong, exports and re -exports from Hong Kong and merchandising trade classified with reference to the relevant guidelines issued by the HKMA. (2) Loans for use outside Hong Kong include loans extended to customers located in Hong Kong with the finance used outside Hong Kong.
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Dah Sing Financial Holdings Limited - 14 - 14. Advances and other accounts (Continued) (b) Impaired, overdue and rescheduled assets (i) Impaired loans HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Gross loans and advances 142,168,828 140,158,234 Less: total impairment allowances (2,395,666) (2,227,838) Net 139,773,162 137,930,396 Credit-impaired loans and advances 4,301,415 4,379,684 Less: Stage 3 impairment allowances (1,005,125) (872,355) Net 3,296,290 3,507,329 Fair value of collateral held* 3,013,088 3,322,617 Credit-impaired loans and advances as a % of total loans and advances to customers 3.03% 3.12% * Fair value of collateral is determined at the lower of the market value of collateral and outstanding loan balance. (ii) Gross amount of overdue loans As at 30 Jun 2026 As at 31 Dec 2025 Gross amount of overdue loans % of total Gross amount of overdue loans % of total Gross loans and advances to customers which have been overdue for: - six months or less but over three months 779,962 0.55 305,434 0.22 - one year or less but over six months 472,699 0.33 352,945 0.25 - over one year 2,398,408 1.69 2,760,114 1.97 3,651,069 2.57 3,418,493 2.44 Represented by: - Secured overdue loans and advances 2,752,665 3,015,122 - Unsecured overdue loans and advances 898,404 403,371 Market value of securities held against the secured overdue loans and advances 3,341,473 3,887,684 Stage 3 impairment allowances 750,807 637,862 Collateral held mainly represented pledged deposits, mortgages over properties and charges over other fixed assets such as equipment.
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Dah Sing Financial Holdings Limited - 15 - 14. Advances and other accounts (Continued) (b) Impaired, overdue and rescheduled assets (Continued) (iii) Rescheduled loans and advances net of amounts included in overdue loans and advances shown above HK$’000 As at 30 Jun 2026 % of total As at 31 Dec 2025 % of total Loans and advances to customers 396,929 0.28 440,101 0.31 Stage 3 impairment allowances 146,802 152,456 (iv) Trade bills As at 30 June 202 6 and 31 December 202 5, there were no balance of trade bills that were overdue for more than 3 months. (c) Repossessed collateral Repossessed collateral held is as follows: As at 30 Jun 2026 As at 31 Dec 2025 Nature of assets Repossessed properties 279,385 626,518 Others 6,930 2,235 286,315 628,753 Repossessed collaterals are sold as soon as practicable with the proceeds used to reduce the outstanding indebtedness of the borrowers concerned.
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Dah Sing Financial Holdings Limited - 16 - 15. Financial assets at fair value through other comprehensive income HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Debt securities: - Listed in Hong Kong 11,523,445 12,163,841 - Listed outside Hong Kong 23,956,897 21,958,662 - Unlisted 11,083,503 9,211,625 46,563,845 43,334,128 Equity securities: - Listed in Hong Kong 318,622 407,407 - Listed outside Hong Kong 8,595,325 7,632,703 - Unlisted 1,616,818 1,610,484 10,530,765 9,650,594 Total 57,094,610 52,984,722 Included within debt securities are: - Certificates of deposit held 803,466 719,029 - Treasury bills which are cash equivalents 62,842 199,346 - Other treasury bills 5,523,945 3,254,894 - Government bonds 1,599,770 1,607,937 - Other debt securities 38,573,822 37,552,922 46,563,845 43,334,128 Financial assets at fair value through other comprehensive income are analysed by categories of issuers as follows: Debt securities: - Central governments and central banks 8,355,213 6,634,241 - Public sector entities 4,047,710 3,763,147 - Banks and other financial institutions 18,865,690 16,920,548 - Corporate entities 15,295,232 16,016,192 46,563,845 43,334,128 Equity securities: - Banks and other financial institutions 914,403 1,067,040 - Corporate entities 9,616,362 8,583,554 10,530,765 9,650,594 57,094,610 52,984,722
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Dah Sing Financial Holdings Limited - 17 - 16. Financial assets at amortised cost HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Debt securities: - Listed in Hong Kong 9,984,502 11,195,051 - Listed outside Hong Kong 15,331,218 15,204,049 - Unlisted 10,107,022 7,657,383 35,422,742 34,056,483 Less: impairment allowance - Stage 1 (40,374) (41,944) - Stage 2 (4,828) (5,586) (45,202) (47,530) Total 35,377,540 34,008,953 Included within debt securities are: - Certificates of deposit held 4,491,070 3,587,717 - Treasury bills 1,160,602 813,906 - Other debt securities 29,771,070 29,654,860 35,422,742 34,056,483 Financial assets at amortised cost are analysed by categories of issuers as follows: - Central governments and central banks 1,160,602 813,906 - Public sector entities 2,284,717 1,847,423 - Banks and other financial institutions 17,139,659 14,925,733 - Corporate entities 14,837,764 16,469,421 35,422,742 34,056,483 17. Other accounts and accruals HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Lease liabilities 344,532 371,698 Other liabilities and accruals (Note) 11,239,723 9,561,718 11,584,255 9,933,416 Note: Included in "Other liabilities and accruals" are insurance and reinsurance contract liabilities in respect of the Group’s general insurance business amounting to HK$1,528,027,000 (31 December 2025: HK$1,589,403,000). The aggregate of net insurance liabilities and trade and tax payables of the Group's general insurance business after deducting cash and bank balances held for operations and collateral placed out for mortgage guarantee business, or “float” available for investment, as at 30 June 2026, was HK$941,973,000 (31 December 2025: HK$972,110,000).
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Dah Sing Financial Holdings Limited - 18 - 18. Shareholders’ funds HK$’000 As at 30 Jun 2026 As at 31 Dec 2025 Share capital and shares held for share award scheme 4,224,134 4,238,285 Premises revaluation reserve 642,151 642,151 Investment revaluation reserve 3,656,504 3,342,406 Exchange reserve (109,110) (234,122) Capital reserve 6,318 6,318 General reserve 484,289 484,289 Reserve for share-based compensation 22,006 33,116 Retained earnings 30,594,264 28,977,783 39,520,556 37,490,226 Proposed dividend/ dividend paid included in retained earnings (Note) 382,997 453,439 DSB as a locally incorporated bank in Hong Kong is required to maintain minimum impairment provision s in excess of those required under HKFRS in the form of regulatory reserve. The regulatory reserve , which also covers Banco Comercial de Macau , S.A and Dah Sing Bank (China) Limited, is maintained to satisfy the provisions of the Hong Kong Banking Ordinance and local regulatory requirements for prudential supervision purposes. The regulatory reserve restricts the amount of reserves which can be distributed to shareholders. Movements i n the regulatory reserve are made directly through equity reserve and in consultation with the HKMA. As at 30 June 2026 and 31 December 2025, DSB does not have to earmark regulatory reserve against its consolidated general reserve or consolidated retained earnings. Note: The amounts stated are after deducting the dividends attributable to the shares of the Company held by the Company’s Share Award Scheme, of which the results and net assets are included in the financial statements of the Company.
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Dah Sing Financial Holdings Limited - 19 - 19. Operating segment reporting Segment reporting by the Group is prepared in accordance with HKFRS 8 “Operating Segments”. Information reported to the chief operating decision maker, including the Chief Executive and other Executive Committee members, for the purposes of resource allocation and performance assessment, is determined on the basis of banking business and insuranc e business . For banking business, operating performances are analysed by business activities for local banking business, and on business entity basis for banking business es in Chinese Mainland and Macau. For insurance business, resources allocation and performance evaluation are based on insurance business entity basis. For investment operations, operating performance is analysed on business entity basis for those entities of the Group designated to invest and manage funds at the holding company’s level. Considering the customer groups, products and services of local businesses, the economic environment and regulations, the Group splits the operating segments of the Group into the following reportable segments: • Personal banking business includes the acceptance of deposits from individual customers and the extension of residential mortgage lending, personal loans, overdraft, vehicle financing and credit card services, and the provision of insurance sales and investment services. • Corporate banking business includes the acceptance of deposits from and the advance of loans and working capital finance to commercial, industrial and institutional customers, and the provision of trade financing. • Treasury and global markets activities are mainly the provision of foreign exchange services and centralised cash management for deposit taking and lending, interest rate risk management, management of investment in securities and the overall funding of the Group. • Chinese Mainland and Macau banking businesses include personal banking, corporate banking business activities provided by subsidiaries in Chinese Mainland and Macau, and the Group’s interest in a commercial bank in Chinese Mainland. • Insurance and Investment Operations includes the Group’s insurance, pension fund management and investment businesses. Through the Group’s wholly -owned subsidiaries in Hong Kong and Macau, the Group offers a variety of insurance products and services. Investment operations are related to entities which are wholly -owned by the Company and designated as the Company’s securities investment and cash deployment arm to invest and manage funds of the Company to generate returns. • Others include results of operations not directly identified under other reportable segments, corporate investments and debt funding (including subordinated notes). For the purpose of segment reporting, revenue derived from customers, products and services directly identifiable with individual segments are reported directly under respective segments, while revenue and funding cost arising from inter-segment funding operation and funding resources are allocated to segments by way of transfer pricing mechanism with reference to market interest rates . Transactions within segments are priced based on similar terms offered to or transacted with external parties . Inter-segment income or expenses are eliminated on consolidation. To align with the basis of reviewing business segment performance by the Group’s chief operating decision makers, interest revenue is disclosed in terms of net interest income. All direct costs incurred by different segments are grouped under respective segments . Indirect costs and support functions’ costs are allocated to various segments and products based on effort and time spent as well as segments’ operating income depending on the nature of costs incurred . Costs related to corporate activities that cannot be reasonably allocated to segments, products and support functions are grouped under Others as unallocated corporate expenses.
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Dah Sing Financial Holdings Limited - 20 - 19. Operating segment reporting (Continued) For the six months ended 30 June 2026 HK$’000 Personal Banking Corporate Banking Treasury and Global Markets Chinese Mainland and Macau Banking Insurance and Investment Operations Others Inter- segment Total Net interest income/ (expenses) 1,224,646 566,026 1,043,250 203,792 27,189 (67,358) 23 2,997,568 Non-interest income/ (expenses) 837,912 99,270 54,789 142,276 190,146 20,929 (24,622) 1,320,700 Total operating income/ (expenses) 2,062,558 665,296 1,098,039 346,068 217,335 (46,429) (24,599) 4,318,268 Operating expenses (1,013,754) (253,663) (152,967) (279,257) (64,313) (66,073) 24,599 (1,805,428) Operating profit/ (loss) before credit impairment (losses)/ write-back 1,048,804 411,633 945,072 66,811 153,022 (112,502) - 2,512,840 Credit impairment (losses)/ write-back (259,145) (385,884) 17,505 (94,640) (301) (1,669) - (724,134) Operating profit/ (loss) before gains and losses on certain investments and fixed assets 789,659 25,749 962,577 (27,829) 152,721 (114,171) - 1,788,706 Net (loss)/ gain on disposal of other fixed assets (4) - - 9 - - - 5 Net gain on disposal of financial assets at amortised cost - - 11,665 - - - - 11,665 Net gain on disposal of financial assets at fair value through other comprehensive income - - 2,485 - - - - 2,485 Share of results of an associate - - - 511,385 - - - 511,385 Loss on deemed disposal of investment in an associate - - - (125,311) - - - (125,311) Share of results of jointly controlled entities - - - - - 20,708 - 20,708 Profit/ (loss) before taxation 789,655 25,749 976,727 358,254 152,721 (93,463) - 2,209,643 Taxation (expenses)/ credit (130,400) (3,482) (161,146) (18,560) (7,412) 25,257 - (295,743) Profit/ (loss) for the period 659,255 22,267 815,581 339,694 145,309 (68,206) - 1,913,900 For the six months ended 30 June 2026 Depreciation and amortisation 52,944 12,599 10,781 33,972 4,241 86,816 - 201,353 As at 30 June 2026 Segment assets 62,711,648 63,335,678 103,082,673 37,382,273 14,125,035 11,684,164 (11,139,592) 281,181,879 Segment liabilities 128,742,640 46,645,010 20,115,390 29,403,379 5,197,883 13,430,681 (11,139,592) 232,395,391 Assets under management (being those assets deployed for investment purpose) - - - - 13,131,020 - - 13,131,020
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Dah Sing Financial Holdings Limited - 21 - 19. Operating segment reporting (Continued) For the six months ended 30 June 2025 HK$’000 Personal Banking Corporate Banking Treasury and Global Markets Chinese Mainland and Macau Banking Insurance And Investment Operations Others Inter- segment Total Net interest income/ (expenses) 1,173,142 536,262 966,513 200,504 38,422 (99,877) (25) 2,814,941 Non-interest income/ (expenses) 665,481 106,143 128,035 107,468 236,425 79,048 (25,171) 1,297,429 Total operating income/ (expenses) 1,838,623 642,405 1,094,548 307,972 274,847 (20,829) (25,196) 4,112,370 Operating expenses (987,890) (272,299) (160,029) (284,590) (89,865) (12,224) 25,196 (1,781,701) Operating profit/ (loss) before credit impairment losses 850,733 370,106 934,519 23,382 184,982 (33,053) - 2,330,669 Credit impairment losses (269,959) (307,300) (30,143) (118,659) (796) (2,294) - (729,151) Operating profit/ (loss) before gains and losses on certain investments and fixed assets 580,774 62,806 904,376 (95,277) 184,186 (35,347) - 1,601,518 Net loss on disposal of other fixed assets (33) (3) - (2) - (2) - (40) Share of results of an associate - - - 442,756 - - - 442,756 Share of results of jointly controlled entities - - - - - 15,902 - 15,902 Profit/ (loss) before taxation 580,741 62,803 904,376 347,477 184,186 (19,447) - 2,060,136 Taxation (expenses)/ credit (95,865) (10,040) (149,046) 12,582 (7,001) 73 - (249,297) Profit/ (loss) for the period 484,876 52,763 755,330 360,059 177,185 (19,374) - 1,810,839 For the six months ended 30 June 2025 Depreciation and amortisation 47,366 12,422 11,016 30,866 3,507 82,182 - 187,359 As at 31 December 2025 Segment assets 61,415,669 62,304,727 96,987,880 35,344,973 12,960,985 10,749,572 (9,383,829) 270,379,977 Segment liabilities 130,182,199 46,649,915 9,727,143 29,279,538 5,239,320 12,199,317 (9,383,829) 223,893,603 Assets under management (being those assets deployed for investment purpose) - - - - 11,882,681 - - 11,882,681 Geographical information Geographical segment information is based on the domicile of the legal entities within the Group with business dealing and relationship with, and services to external customers. For the six months ended 30 June 2026 and 2025, no single country or geographical segment other than Hong Kong contributed 10% or more of the Group’s assets, liabilities, operating income, or profit before taxation.
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Dah Sing Financial Holdings Limited - 22 - FINANCIAL RATIOS/ KEY PEFORMANCE INDICATORS The following information relates to the Group and is disclosed as part of the accompanying information to the results announcement and is unaudited. The banking business of the Group is held indirectly by DSFH through Dah Sing Banking Group Limited (“DSBG”). DSBG is the holding company of DSB which in turn holds the entire equity capital of Banco Comercial de Macau, S.A. (“BCM”) and Dah Sing Bank (China) Limited (“DSB (China)”). The insurance business of the Group is held directly by DSFH. It comprises the general insurance business of Dah Sing Insurance Company Limited (“DSI”) in Hong Kong and Macau Insurance Company Limited (“MIC”) in Macau, and the pension fund management business of Macau Pension Fund Management Company Limited in Macau. In respect of the Group’s banking business Six months ended 30 Jun 2026 Six months ended 30 Jun 2025 Net interest income/operating income 72.0% 73.1% Cost to income ratio 42.5% 45.0% Return on average total assets (annualised) 1.4% 1.2% Return on average shareholders’ funds (annualised) 10.0% 9.2% As at 30 Jun 2026 As at 31 Dec 2025 Capital adequacy ratio (Note (a)) - Common Equity Tier 1 19.1% 18.8% - Tier 1 19.8% 19.5% - Total 23.4% 23.1% Leverage ratio (Note (b)) 12.0% 12.2% Note: (a) The capital adequacy ratio represents the consolidated position of DSB (covering BCM and DSB China) computed on Basel III basis in accordance with the Banking (Capital) Rules (“BCR”). The capital adequacy ratio takes into account market risk and operational risk. DSB as a locally incorporated bank in Hong Kong is subject to the minimum capital adequacy ratio requirement under the Hong Kong Banking Ordinance. BCM is subject to Macau banking regulations and DSB China is subject to the Mainland banking regulations. (b) The leverage ratio represents the consolidated position of DSB computed on Basel III basis in accordance with the BCR on the same consolidation basis as the capital adequacy ratio. The leverage ratio is a ratio of DSB’s Tier 1 capital to its exposure measure. DSB is subject to the minimum leverage ratio requirement under the Hong Kong Banking Ordinance.
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Dah Sing Financial Holdings Limited - 23 - FINANCIAL RATIOS/ KEY PEFORMANCE INDICATORS (Continued) In respect of the Group’s insurance business As at 30 Jun 2026 As at 31 Dec 2025 DSI - Risk-based capital (“RBC”) ratio (Note (a)) 294% 285% MIC - Solvency ratio (Note (a)) 1,132% 1,042% HK$’000 Six months ended 30 Jun 2026 Six months ended 30 Jun 2025 Gross Premiums Written analysed by major lines of businesses: - Employees’ compensation 152,371 187,800 - Property damage 158,610 117,871 - Motor vehicle 211,404 207,489 - Mortgage guarantee 6,047 6,983 - Contractors’ all risks 35,408 50,895 - Others 179,583 100,848 Total 743,423 671,886 HK$’000 Six months ended 30 Jun 2026 Six months ended 30 Jun 2025 Net Premiums Earned analysed by major lines of businesses: - Employees’ compensation 85,522 96,081 - Property damage 33,697 23,309 - Motor vehicle 149,101 138,179 - Mortgage guarantee 28,878 23,210 - Contractors’ all risks 11,101 10,308 - Others 89,379 71,589 Total 397,678 362,676 Six months ended 30 Jun 2026 Six months ended 30 Jun 2025 Combined ratio (Note (b)) 90.0% 94.4% Loss ratio (Note (c)) 44.8% 51.9% Expenses ratio (Note (d)) 21.1% 20.2% Commission ratio (Note (e)) 24.1% 22.3% Return on opening equity (Note (f)) 25.4% 16.5%
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Dah Sing Financial Holdings Limited - 24 - FINANCIAL RATIOS/ KEY PEFORMANCE INDICATORS (Continued) Note: (a) The RBC regime for the insurance industry has been implemented in Hong Kong with effect from 1 July 2024. It adopts a three-pillar framework and an assessment approach which is sensitive to an insurer’s asset and liability matching, risk appetite and mix of products. Before RBC was implemented, the relevant measure of capital strength of an insurance company was solvency ratio which has been replaced by RBC ratio under the RBC regime. DSI’s RBC ratio is the ratio of eligible capital to prescribed capital amount computed in accordance with the Hong Kong Insurance (Valuation and Capital) Rules (Cap. 41R). MIC’s solvency ratio is calculated based on the eligible equity of MIC on the last day of the immediately preceding financial year in accordance with Article 69 of the Macau Insurance Ordinance and guidance issued by the Monetary Authority of Macao. (b) Combined ratio is the ratio of the sum of net claims incurred, net commission expenses incurred and operating expenses to net earned premium. (c) Loss ratio is the ratio of net claims incurred to net earned premium. (d) Expenses ratio is the ratio of operating expenses to net earned premium. (e) Commission ratio is the ratio of net commission expenses incurred to net earned premium. (f) Return on opening equity is the ratio of the sum of profit after tax and other comprehensive income to the opening equity for the period.
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Dah Sing Financial Holdings Limited - 25 - FINANCIAL RATIOS/ KEY PEFORMANCE INDICATORS (CONTINUED) Operating segment reporting - Other Comprehensive Income HK$’000 DSBG Insurance and Investment Operations Others Total For the period ended 30 June 2026 Other comprehensive income for the period relating to: Debt instruments at fair value through other comprehensive income (219,564) - - (219,564) Equity instruments at fair value through other comprehensive income 5,674 1,060,801 (39) 1,066,436 Share of other comprehensive income of an associate accounted for using the equity method 24,718 - - 24,718 Exchange differences arising from translation of the financial statements of foreign entities 168,094 - (5) 168,089 Total other comprehensive income for the period, net of tax (21,078) 1,060,801 (44) 1,039,679 For the period ended 30 June 2025 Other comprehensive income for the period relating to: Debt instruments at fair value through other comprehensive income 161,904 - - 161,904 Equity instruments at fair value through other comprehensive income 8,741 380,078 27 388,846 Share of other comprehensive income of an associate accounted for using the equity method (147,065) - - (147,065) Exchange differences arising from translation of the financial statements of foreign entities 280,921 - 22 280,943 Total other comprehensive income for the period, net of tax 304,501 380,078 49 684,628 Note: The definitions of the operating segments of "Insurance and Investment Operations" and "Others" are the same as those described in Note 19.
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Dah Sing Financial Holdings Limited - 26 - INTERIM DIVIDEND The Directors have declared an interim dividend of HK $1.20 per share for 202 6 payable on Thursday, 24 September 2026 to shareholders whose names are on the Register of Shareholders at the close of business on Wednesday, 16 September 2026. CLOSURE OF REGISTER OF SHAREHOLDERS For determining shareholders’ entitlement to receive the interim dividend: Latest time to lodge transfers 4:30 p.m. on 11 September 2026 (Friday) Closure of Register of Shareholders (both days inclusive) 14 September 2026 (Monday) to 16 September 2026 (Wednesday) Record date 16 September 2026 (Wednesday) In order to qualify for the interim dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company’s share registrar, Computershare Hong Kong Investor Services Limited, Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong before the above latest time to lodge transfers.
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Dah Sing Financial Holdings Limited - 27 - CORPORATE AND BUSINESS OVERVIEW HIGHLIGHTS Hong Kong’s economic growth in the first half of 2026 was robust, with the strong performance fueled by external trade and a recovery in domestic demand, alongside a higher domestic fixed capital formation growth. Real GDP expanded by 5.1% year on year in the first half of 2026, following growth of 3.9% in the second half of 2025 and 3.3% in the first half of 2025. The Hong Kong base rate remained steady at 4.0% throughout the first half of 2026, consistent with U.S. monetary policy trends. Meanwhile, the average short -term Hong Kong Interbank Offered Rate ( “HIBOR”) remained relatively low compared to the same period in 2025. Despite the soft interest rate environment, Dah Sing Banking Group (“DSBG”) increased its net interest margin (“NIM”) to 2.44%. Loan demand in Hong Kong showed positive momentum during the first half of 2026. The Group continued to expand its customer loan book, supporting corporate customers, small and medium -sized enterprises ( “SMEs”) and personal customers with flexible financing solutions while actively managing asset quality. Notably, the Group’s exposure to the Hong Kong Commercial Real Estate (“HKCRE”) sector grew by a modest 0.9%, while impaired loans within the sector declined by 16% from year-end 2025. Despite a dynamic operating environment, our Group remained responsive to evolving customer needs. DSBG reported a 13% year -on-year increase in profit attributable to shareholders, reaching approximately HK$1.8 billion. Together with the business of Insurance and Investment Operations as a whole, Dah Sing Financial Holdings (“DSFH”) reported approximately HK$1.5 billion in profit attributable to shareholders, a 4% growth year on year. BUSINESS AND FINANCIAL REVIEW DSFH’s interim results in 2026 reflect a satisfactory performance. Net interest income grew by 6% for the six months ended 30 June, driven by a robust NIM of 2.44%, a 12 basis point increase from the same period in 2025, primarily due to an improved CASA ratio that effectively managed funding costs . Non-interest income rose by 2%, primarily driven by a 29% increase in net fee and commission income. Supported by Hong Kong policy measures and strong cross-border wealth inflows, our wealth management business continues to grow. The Group maintained disciplined cost control during the period, with operating expenses increasing mildly by 1%. The cost-to-income ratio improved to 41.8% year on year, down from 43.3%. In the first half of 2026, credit impairment charges decreased by 1%. Although credit costs remained elevated at HK$724 million, our strong capital and liquidity buffers provide resilience. We maintained prudent provisioning for the HKCRE sector while continuing our efforts to improve asset quality. Consequently, the impai red loan ratio narrowed by 9 basis points to 3.03% at end -June 2026, compared to 3.12% at year -end 2025, predominantly driven by loan growth, an improvement in credit quality in our retail banking business, and impaired loan charge-offs and repayments in our commercial banking business. Our Personal Banking business recorded strong results, with operating income increasing by 1 2% and operating profit after impairment growing 36%. This performance was driven by a 26% rise in non-interest income and a 4% decline in credit impairment charges, supported by a robust wealth management business and improved credit quality. Our Corporate Banking business recorded a decline in net profit despite an 11% rise in operating profit before impairment, as the increase in operating income was offset by hig her credit impairment charges. The 26% year -on-year increase in credit costs was primarily due to ongoing account downgrades and collateral revaluations. Our Treasury and Global Markets business delivered a solid performance in the first half of the year. Operating profit before impairment grew by 1%, driven by an 8% increase in net interest income and a 4% reduction in operating expenses. Operating profit after impairment increased by 6%, benefiting from a write -back of credit impairment charges due to improved macro-economic factors. Meanwhile, banking subsidiaries in Chinese Mainland and Macau reported a 186% increase in operating profit before impairment , driven by growth across both net interest and non -interest generating businesses. However, these subsidiaries reported an operating loss after impairment, although the loss narrowed by 71% year on year due to a 20% reduction in credit impairment charges. Our associate, Bank of Chongqing, delivered a 16% increase in our share of its profit. As a result, the overall Chinese Mainland and Macau Banking business reported a 3% growth in profit before tax.
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Dah Sing Financial Holdings Limited - 28 - BUSINESS AND FINANCIAL REVIEW (CONTINUED) Our Insurance and Investment Operations reported a decline in profit, mainly due to lower net interest income and non- interest income offsetting the benefits of reduced operating expenses and credit impairment charges. Nevertheless, our insurance business recorded double -digit revenue growth while maintaining strong underwriting performance with a combined ratio of 90%. Other comprehensive income, through which a significant part of our investment performance across insurance and group investment portfolios is reported, more than doubled, driven by favourable equity market conditions. DSBGʼs consolidated profit for the first half of 2026 represented an annualised return on assets of 1.4% and an annualised return on shareholdersʼ funds of 10. 0%, compared to 1.2% and 9.2% respectively in the same period of the prior year. As at 30 June 2026, Dah Sing Bank’s consolidated Common Equity Tier 1 ratio and total consolidated capital adequacy ratio were 19.1% and 23.4% respectively, and its average liquidity maintenance ratio for the period was at 59.0%. PROSPECTS Over the years, Hong Kong has successfully navigated economic crises, global pandemics, and local commercial real estate downturns, and has built its standing as a leading international financial centre. Throughout these cycles, our Group has maintained a prudent approach to ensure long -term sustainability and resilience while selectively pursuing strategic opportunities. Recently, the Group slightly increased its equity stake in Bank of Chongqing to approximately 13.5%, to partially offset the dilution in our interest due to Bank of Chongqing’s prior share issues and partial conversion of its convertible bonds. Meanwhile, our robust capital and liquidity position reinforces our resilience against stress in the HKCRE market. Over the past six months, Hong Kong’s Grade-A office leasing market and vacancy levels have shown signs of improvement, buoyed by increased activities across financial markets. Looking ahead, Hong Kong will continue to leverage its unique advantages in global connectivity amidst the current geopolitical landscape. Benefiting from A I-driven development, expanding investments from Chinese Mainland enterprises, and improving consumer sentiment, Hong Kong’s long -term outlook remains supportive. Our Group continues to maintain a robust financial position and is well -equipped to capitalise on business opportunities and withstand unexpected market challenges. We will maintain a prudent and consistent approach in risk management to navigate ongoing market uncertainties.
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Dah Sing Financial Holdings Limited - 29 - COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE During the six months ended 30 June 202 6, the Company has applied the principles and complied with the code provisions set out in the Corporate Governance Code under Part 2 of Appendix C1 of the Listing Rules. CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS The Company has adopted its own code of conduct for directors’ securities dealing (“Directors’ Dealing Code”) on terms no less exacting than the prevailing required standard set out in the Model Code for Securities Transactions by Directors of Listed Issue rs (“Model Code”) under Appendix C3 of the Listing Rules. Following specific enquiry, the Directors of the Company confirmed that they had complied with the required standard set out in the Model Code and the Directors’ Dealing Code throughout the six months ended 30 June 2026. UNAUDITED FINANCIAL STATEMENTS The financial information in this interim results announcement is unaudited and does not constitute statutory financial statements. REVIEW OF FINANCIAL STATEMENTS The Audit Committee has reviewed with Management the accounting principles and practices adopted by the Group and discussed internal controls and financial reporting matters including a review of the unaudited interim financial statements of the Group for the six months ended 30 June 2026. PURCHASE, SALE OR REDEMPTION OF SECURITIES There was no purchase, sale or redemption by the Company, or any of its subsidiaries, of listed securities of the Company (including sale of treasury shares, if any) during the six months ended 30 June 2026, except that the trustee of the Share Award Scheme of the Company, pursuant to the terms of the rules and the trust deed of the Company’s Share Award Scheme, purchased on the Stock Exchange a total of 821,600 shares of the Company at a total consideration of HK$31,889,723.40. HUMAN RESOURCES There have been no material changes to the information disclosed in the Company’s 2025 Annual Report in respect of the number and remuneration of employees, remuneration policies and training schemes. INTERIM RESULTS ANNOUNCEMENT AND INTERIM REPORT This announcement is published on the websites of Hong Kong Exchanges and Clearing Limited (“HKEX”) at www.hkexnews.hk and Dah Sing Bank at www.dahsing.com. The 2026 Interim Report of the Group containing all the information required by the Listing Rules will be published on the websites of HKEX and Dah Sing Bank in due course. Printed copies of the 202 6 Interim Report will be sent to shareholders who have elected to receive printed versions of the Company’s corporate communications before the end of September 2026. BOARD OF DIRECTORS As at the date of this announcement, the Board of Directors of the Company comprises Mr. David Shou -Yeh Wong (Chairman), Mr. Hon -Hing Wong (Derek Wong) (Vice Chairman, Managing Director and Chief Executive), Mr. Harold Tsu-Hing Wong (Group General Manager) and Mr. Gary Pak-Ling Wang (Deputy Chief Executive) as Executive Directors; Mr. Kiyoshige Uesugi (Mr. Toshiaki Hatakenaka as alternate) as Non -Executive Director; Mr. Robert Tsai - To Sze, Mr. Andrew Kwan-Yuen Leung, Mr. Paul Franz Winkelmann, Ms. Mariana Suk -Fun Ngan and Mr. Wing-Yiu Chu (Alex Chu) as Independent Non-Executive Directors. By Order of the Board Richard Tsung-Yung Li Company Secretary Hong Kong, Friday, 28 August 2026