SU Group Secures Record-Breaking US$11.3 Million Hospital Contract in Hong Kong

HONG KONG, July 9, 2025 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced it has been awarded the largest contract in the Company's history, valued at HK$88.5 million (approximately US$11.3 million).

The landmark contract involves the design, delivery, and integration of a full spectrum of security, monitoring, public address, and safety systems for a major hospital expansion and upgrade project in Hong Kong. The Company will implement cutting-edge technologies including an IP-based public address system, CCTV and access control systems, alarm points, a video phone system, a master clock system, and more, to form a comprehensive Smart Hospital infrastructure.

Initial revenue from the project is expected to be recognized in Q4 2025, with the rollout supporting SU Group's strategic focus on healthcare infrastructure and smart security solutions in high-demand urban sectors.

SU Group's Chairman and CEO, Dave Chan, commented, "We are proud to be part of the team supporting this major hospital expansion and upgrade, focused on improving several strategic, operational, safety, and regulatory areas. This contract marks a significant milestone for SU Group, showcasing our growing reputation and capabilities in delivering high-value, mission-critical security engineering projects. As the healthcare sector modernizes, we are proud to play a key role in supporting smarter, safer, and more connected medical environments, better able to handle today's complex healthcare demands and future challenges."

This Company-record win reflects SU Group's deep industry expertise and its strong position in the growing market for integrated and technology-driven security systems across institutional and government sectors.

Strategic Benefits and Components of SU Group's Comprehensive System Include:

• Supports scalability: Prepares the hospital for higher patient capacity and new service lines.
• Enables smart hospital infrastructure: Integrates with IT systems and digital platforms.
• Improves patient experience: Enhances comfort, communication, and safety.
• Ensures compliance: Meets fire, safety, disability access, and healthcare regulations.
• Futureproofing: Allows integration with upcoming technologies like AI-assisted monitoring, IoT medical devices, and remote diagnostics.

Design and Provide IP-based Public Address System, with ICT Solution

• Why it's needed: Hospitals are large, complex environments with high foot traffic and the need for real-time communication across zones.
• Benefits: Quickly broadcast emergency alerts or critical announcements; enhance coordination across departments; improve visitor navigation and patient flow.
• Specifications: Approximately 3000 speakers; Coverage 370,233 m²

Communal Aerial Broadcast Distribution (CABD) System

• Why it's needed: In-patient entertainment and information access is a key comfort factor.
• Benefits: Provides patients and families with TV and radio access in rooms and waiting areas; supports mental well-being and reduces perceived wait times; can also be used for internal hospital channels or info broadcasts.
• Specifications: Approximately 1200 TV/FM outlets

Integrated Security Management System (ISMS)

• Why it's needed: Safety and security in hospitals are paramount both for people and assets.
• Benefits: CCTV and access control protect sensitive areas (i.e., pharmacies, ICU); alarms detect and alert for unauthorized access or emergencies; integration with smart parking and patrol systems enhances external and internal security; prevents theft, unauthorized entry, and helps in incident investigations.
• Specifications: Approximately 3,500 access doors; approximately 3,000 CCTV cameras; approximately 400 alarm points; design and provide and integrate with new Smart Carpark System with parking guidance (500+ nos. of car space); design and provide and integrate with Patrol System; design and provide ICT solution for ISMS system

Induction Loop System

• Why it's needed: Accessibility for hearing-impaired patients, staff, and visitors.
• Benefits: Ensures compliance with disability access laws; enables clearer communication in high-noise areas like reception or ER.
• Specifications: Design and provide Induction Loop System

Temporary Refuge System

• Why it's needed: Fire safety and evacuation protocols.
• Benefits: Provides secure areas for mobility-impaired individuals during emergencies; Complies with fire and building codes for safety infrastructure.
• Specifications: Design and provide Temporary Refuge System (TRS)

Video Phone System

• Why it's needed: Facilitates communication in secure areas or patient zones.
• Benefits: Enables contactless or remote check-ins or intercom between departments; Useful in isolation wards (i.e., infectious disease control) or between nurses and patients.
• Specifications: Design and provide Video Phone System; design and provide ICT solution

Master Clock System

• Why it's needed: Synchronization of time across departments and systems is critical.
• Benefits: Accurate timing for surgeries, medication delivery, and shift changes; coordinates with IT and communication systems for consistent timestamps.
• Specifications: Design and provide Master Clock System; design and provide ICT solution

About SU Group Holdings Limited

SU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. For more information visit www.sugroup.com.hk.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to renew contracts with recurring customers; the Company's ability to secure new contracts; the Company's ability to accurately estimate risks and costs and perform contracts based on the Company's estimates; the Company's relationship with the Company's suppliers and ability to manage quality issues of the systems; the Company's ability to obtain or renew the Company's registrations, licenses, and certificates; the Company's ability to manage the Company's subcontractors; the labor costs and the general condition of the labor market; the Company's ability to compete effectively; the Company's ability to successfully manage the Company's capacity expansion and allocation in response to changing industry and market conditions; implementation of the Company's expansion plans and the Company's ability to obtain capital resources for planned growth; the Company's ability to acquire sufficient products and obtain equipment and services from the Company's suppliers in suitable quantity and quality; the Company's dependence on key personnel; the Company's ability to expand into new businesses, industries, or internationally and to undertake mergers, acquisitions, investments, or divestments; changes in technology and competing products; general economic and political conditions, including those related to the security-related engineering services industry; possible disruptions in commercial activities caused by events such as natural disasters, terrorist activities, political, economic, and social instability, and fluctuations in foreign currency exchange rates, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

SOURCE SU Group Holdings Limited