MasterBeef delays annual Form 20-F filing, cites preparation delays

• MasterBeef Group filed Form 12b-25 to delay its annual Form 20-F for fiscal year ended Dec. 31, 2025.
• Filing cited delays in preparing report, making timely submission impracticable without unreasonable hardship or expense.
• Form 20-F expected to be filed no later than 15 calendar days after prescribed due date.
• Revenue expected to fall about HKD 44.9 million to about HKD 459.1 million.
• Net result expected to swing to loss of about HKD 52.5 million versus profit of about HKD 32.9 million, reflecting absence of HKD 58.7 million one-time gain from subsidiary sales recorded in prior year.

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