AMCO United Holding Limited (AMCO United) has issued a supplemental announcement to its 2025 Annual Report, providing expanded disclosure on a securities investment portfolio valued at HK$109.02 million as at 31 December 2025. The portfolio, comprising 30 Hong Kong–listed equities, represented 47.8% of the Group’s total assets and was entirely funded by internal resources, with no borrowings or dividend income recorded for the year.

The three largest positions—Asia Strategy Digit Technology Holdings (6.81 million shares; acquisition cost HK$5.13 million), BFB Health (24.56 million shares; HK$4.16 million) and Go Up Education Technology (29.66 million shares; HK$4.54 million)—collectively accounted for 25.5% of total assets. No single holding exceeded 11.8% of total assets.

Sector exposure was led by consumer goods and retail at HK$45.34 million, followed by media/entertainment (HK$27.39 million), financial services (HK$18.13 million), construction/engineering (HK$12.23 million), industrial manufacturing (HK$5.55 million) and property/business services (HK$0.40 million).

Key risk indicators monitored by management include: • Total investment value as a share of assets (47.8%); • Largest single investment share of assets (11.8%); • Sensitivity analysis showing a 5% price move would shift profit before tax by about HK$5.45 million; • Cash and bank balances of HK$7.20 million and a current ratio of 2.6 times.

Escalation triggers to the Board are set at 60% of assets for aggregate investments, 15% for any single position, or a 20% decline in an individual holding since the previous period-end. Transactions are executed through licensed intermediaries, and the Investment Management Team—comprising two executive directors and the Group’s financial manager—has authority for positions below 5% of market capitalisation or total assets, with larger deals requiring Board approval.

The Board affirms that the securities investments serve only to enhance returns on idle funds and can be liquidated rapidly to support core operations when required. Governance frameworks, internal controls and liquidity monitoring will continue to be reviewed periodically. All other disclosures in the 2025 Annual Report remain unchanged.