SHOUGANG CENTURY HOLDINGS LIMITED Should you have any queries relating to this letter, please contact the Share Registrar at (852) 2980 1333 during business hours (9:00 a.m. to 5:00 p.m. from Monday to Friday, excluding Hong Kong public holidays) or send an email to 103-ecom@vistra.com. 首佳科技製造有限公司 (Incorporated in Hong Kong with limited liability) (Stock Code: 103) （於香港註冊成立之有限公司） 30 April 2025 Dear Registered Shareholders, Notification of publication of 2024 Annual Report (the "Current Corporate Communicati ...

Company Overview - Shougang Century Holdings Limited has been listed on the Stock Exchange since April 1992, with substantial shareholders including Shougang Group, Bekaert, and Redamancy[5]. - The company aims to achieve an annual manufacturing capacity exceeding 300,000 tonnes of high-quality steel cord and become one of the top three manufacturers in China's steel cord industry[11]. - The company is focused on manufacturing and sales of steel cords for radial tyres, sawing wires, and hose wires[11]. - The company is actively pursuing market expansion and aims to enhance its competitive position in the steel cord manufacturing sector[11]. - The company is considering establishing a production base in Europe, preferably in Eastern Europe, to enhance market competitiveness[150]. Financial Performance - The Group's revenue for the year ended December 31, 2024, was HK$2,396,950,000, a decrease of 3.9% compared to HK$2,494,534,000 in 2023[80]. - The net profit attributable to the owners of the Company was HK$31,647,000, down 49.4% from HK$62,506,000 in the previous year[96]. - The gross profit decreased by 13.0% to HK$325,569,000 from HK$374,166,000 in 2023[96]. - The steel cord segment sold 240,049 tonnes, an increase of 5.0% from 228,637 tonnes last year[99]. - The sales volume of sawing wire products increased by 11.9% from 757 tonnes to 847 tonnes[99]. - The Group raised net proceeds of approximately HK$128,547,000 through a rights issue, enhancing its capital position[81]. - The final dividend recommended for the year ended December 31, 2024, is approximately HK$40,186,000[83]. - The Group's net asset value per share was HK$0.76 as of December 31, 2024[80]. - The steel cord segment's revenue amounted to HK$2,395,754,000, representing 99.9% of total revenue, down 3.9% from HK$2,493,165,000 in the previous year[111]. - The gross profit for the steel cord segment decreased by 13.0% to HK$324,492,000, with a gross profit margin of 13.5%, down from 15.0% in the previous year[108]. Management and Governance - Mr. Su Fanrong resigned as managing director on July 1, 2023, but remains as chairman of the company[30]. - Mr. Li Jinping was appointed as managing director effective July 1, 2023, and has extensive experience in financial supervision and risk control[36]. - The company has appointed directors with extensive experience in the steel industry and financial management, enhancing its leadership capabilities[30][36][41]. - The company has a strong governance structure with experienced directors in key positions[58]. - The Company has three independent non-executive Directors, representing one-third of the Board, ensuring a strong element of independence[184]. - The Company does not grant equity-based remuneration to independent non-executive Directors to maintain their objectivity and independence[192]. Market Conditions and Outlook - In 2024, China's passenger car market saw vehicle production and sales reach 31.28 million and 31.43 million units, representing increases of 3.7% and 4.5% respectively[77]. - Retail sales of new energy vehicles achieved a record high, supported by policies such as the purchase tax exemption and the automobile to the countryside program[77]. - The introduction of new tariff policies by the United States has created significant uncertainties and contributed to inflation, impacting both export and domestic markets in China[77]. - The Group anticipates market expansion for domestic steel cords due to rising demand for electric vehicles and replacement tyres[88]. - The increasing output of electric vehicles is expected to drive demand for accessory tyres, which will accelerate the market expansion of steel cords for domestic radial tyres[162]. - The company is optimistic about its business outlook despite uncertainties in global political and economic conditions, including U.S.-China relations and the ongoing conflicts in Ukraine and the Middle East[161]. Expenses and Cost Management - Selling and distribution expenses increased by 4.1% to HK$129,167,000, primarily due to increased sales volume in the steel cord segment[114]. - Administrative expenses rose by 11.2% to HK$62,768,000, with plans for cost control measures[115]. - Research and development expenses decreased by 5.8% to HK$101,977,000, aligning with customer requirements in tyre manufacturing[116]. - The total employee benefit expense for the year amounted to approximately HK$319.1 million[153]. Shareholder Information - As of the last trading day of 2024, the company had issued 2,350,058,193 shares with a market capitalization of HK$988,774,732 and a closing share price of HK$0.425[20]. - The 2024 Annual General Meeting is scheduled for June 10, 2025, with the closure of the register of members from June 3 to June 10, 2025[21]. - The total number of issued shares increased to 2,350,058,193 as of 31 December 2024, up from 1,968,903,828 shares in 2023[130]. Risk Management - Two risk assessment meetings were held during the year to address risk management issues of the Group[199]. - The Board has established various committees, with the majority of members being independent non-executive Directors, to ensure independent views are available[184]. - The Company has mechanisms in place to ensure independent views are available to the Board, reviewed annually for effectiveness[183].

第 1 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 首佳科技製造有限公司 | | 股份代號 | 00103 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2024年12月31日止年度之末期股息 | | 公告日期 | 2025年3月31日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 0.0171 HKD | | 股東批准日期 | 2025年6月10日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0 ...

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 2,396,950,000, a decrease of 3.9% compared to HKD 2,494,534,000 in 2023[3] - Gross profit for the same period was HKD 325,569,000, down 13.0% from HKD 374,166,000 in the previous year[3] - The net profit attributable to the company's owners for the year was HKD 31,647,000, a decline of 49.3% from HKD 62,506,000 in 2023[3] - Basic earnings per share decreased to HKD 1.55 from HKD 3.15, representing a drop of 50.7%[4] - The group reported a net profit of HKD 31,647 for the year ended December 31, 2024, down from HKD 62,506 in the previous year, representing a decline of 49.3%[19] - Net profit fell by 49.4%, from HKD 62,506,000 to HKD 31,647,000 year-over-year[55] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 3,461,482,000, an increase of 4.5% from HKD 3,312,149,000 in 2023[5] - Total liabilities increased to HKD 1,675,945,000 from HKD 1,622,476,000, reflecting a rise of 3.3%[5] - The total liabilities, including other payables and accrued expenses, decreased from HKD 1,099,872,000 in 2023 to HKD 1,053,003,000 in 2024, a reduction of about 4.3%[42] - The net carrying amount of property, plant, and equipment decreased from HKD 1,187,280,000 at the beginning of 2023 to HKD 1,166,909,000 by the end of 2024, a decrease of about 1.7%[34] - Accounts receivable as of December 31, 2024, was HKD 660,654,000, slightly down from HKD 667,322,000 in 2023, a decrease of approximately 1.0%[38] - Total accounts payable as of December 31, 2024, was HKD 810,194,000, compared to HKD 795,445,000 in 2023, an increase of approximately 1.0%[42] Cash Flow and Financial Position - The company's cash and cash equivalents rose significantly to HKD 374,207,000 from HKD 77,138,000, marking an increase of 385.5%[5] - The group’s financial income from bank deposits increased to HKD 4,706 in 2024, compared to HKD 2,515 in 2023[23] - Cash and cash equivalents increased by 310.0% to HKD 398,267,000 in 2024, compared to HKD 97,140,000 in 2023[70] - Total interest-bearing loans rose by 19.6% to HKD 582,973,000 in 2024, up from HKD 487,537,000 in 2023[70] Operational Highlights - The company plans to continue focusing on the manufacturing and sales of steel wire products, with no specific new product launches or market expansions mentioned in the report[6] - The company sold 240,049 tons of steel cord, an increase of 5.0% from 228,637 tons in the previous year[57] - Sales volume of cut steel wire increased by 11.9% to 847 tons from 757 tons year-over-year[57] - Other wire products saw a sales volume increase of 22.2%, rising to 13,175 tons from 10,782 tons in the previous year[57] - The group plans to expand production capacity by an additional 100,000 tons of steel cord through the construction of a new production line in Tengzhou[74] Research and Development - Research and development expenses for the year were HKD 101,977,000, a decrease of 6.0% from HKD 108,296,000 in 2023[3] - Research and development expenses decreased by 5.8% to HKD 101,977,000 in 2024, down from HKD 108,296,000 in 2023[64] Dividends and Shareholder Information - The proposed final dividend for the year ended December 31, 2024, is approximately HKD 40,186,000, translating to HKD 0.0171 per share[25] - The proposed final dividend for the year ending December 31, 2024, is approximately HKD 40,186,000, compared to HKD 19,584,000 for the previous year[79] Corporate Governance - The board is committed to high levels of corporate governance and regularly reviews the company's governance practices to ensure compliance with laws and regulations[84] - The company has adopted the Best Practice Corporate Governance Code and updates it as necessary to maintain effective governance and risk management systems[84] - The company expresses gratitude to shareholders, suppliers, and customers for their long-term support, indicating a strong commitment to business continuity and opportunity exploration in the future[86] - The company has complied with all principles and provisions of the corporate governance code as per the board's opinion[85] Forward-Looking Statements - Forward-looking statements in the announcement reflect the company's expectations regarding financial conditions and performance, acknowledging known and unknown risks that may cause actual results to differ significantly[87]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 SHOUGANG CENTURY HOLDINGS LIMITED 首 佳 科 技 製 造 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：103） 自願性公告 獲納入富時羅素指數 本公告由首佳科技製造有限公司（「本公司」）自願作出。 本公司董事（「董事」）會（「董事會」）欣然宣佈，本公司被富時羅素納入其富時全 球股票指數系列，包括富時全球完整市場指數及富時全球微型股指數，此次納入於二零 二五年三月二十一日（星期五）收市後生效。 富時羅素是全球指數行業的領導者，為全球投資者提供創新的基準、分析和數據解決方 案。富時羅素提供70多個國家市場，不同資產類別衡量和基準對照的數千個指數，涵蓋 了全球98%可投資的市場。富時全球股票指數系列提供了穩健的全球股票指數框架，該 系列覆蓋了全球49個發達和新興市場中超過16,000種各類大、中、小及微型規模的證 券，並針對特定市場和細分市場提供廣泛的模塊化指數 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SHOUGANG CENTURY HOLDINGS LIMITED 首 佳 科 技 製 造 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：103） 承董事會命 首佳科技製造有限公司 董事長 蘇凡荣 香港，二零二五年三月十九日 於本公告日期，董事會由以下董事組成： 蘇凡荣先生（董事長）、趙越先生（副董事長）、李金平先生（董事總經理）、楊俊林先生 （董事副總經理）、張丹先生（執行董事）、徐紅艷女士（非執行董事）（孫超先生為其替任 董事）、林耀堅先生（獨立非執行董事）、馮耀嶺先生（獨立非執行董事）及何淑瑛女士 （獨立非執行董事）。 – 1 – 董事會會議召開日期 首佳科技製造有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二 零二五年三月三十一日（星期一）假座香港柴灣新業街6號安力工業中心12樓1215室舉行 董事會會議，藉以（其中包括）批准本公司及其附屬公司截至二零二四年十二月三十 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SHOUGANG CENTURY HOLDINGS LIMITED 首 佳 科 技 製 造 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：103） 截至二零二四年十二月三十一日止年度財務表現之最新資料 本公告乃由首佳科技製造有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）董 事（「董事」）會（「董事會」）根據香港聯合交易所有限公司證券上市規則第13.09(2)條及 香港法例第571章證券及期貨條例第XIVA部的內幕消息條文作出。 董事會現謹此通知本公司股東（「股東」）及潛在投資者，根據董事會對本集團截至二零二 四年十二月三十一日止年度（「二零二四財政年度」）的未經審核綜合財務報告的初步評估 及董事會現時可得的資料，與截至二零二三年十二月三十一日止年度的除稅後溢利約港幣 62,506,000元相比，本集團預期於二零二四財政年度錄得除稅後溢利將有40%至60%的下跌。董 事會認為，環球經 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 由二零二五年三月五日起，有關本公司之股份過戶及登記手續將由卓佳證券登記有限公 司辦理。於二零二五年三月四日下午四時三十分後仍未領取之股票，可於二零二五年三 月五日起從卓佳證券登記有限公司領取。 承董事會命 首佳科技製造有限公司 董事長 蘇凡荣 香港，二零二五年二月四日 SHOUGANG CENTURY HOLDINGS LIMITED 首 佳 科 技 製 造 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：103） 更改股份過戶登記處 首佳科技製造有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，自二 零二五年三月五日起，本公司之股份過戶登記處將更改為: - 卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 電話 : (852) 2980 1333 傳真 : (852) 2810 8185 蘇凡荣先生（董事長）、趙越先生（副董事長）、李金平先生（董事總經理）、楊俊林 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃由首佳科技製造有限公司（「本公司」）董事（「董事」）會（「董事會」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)條及香港法例第 571章證券及期貨條例第XIVA部的內幕消息條文（定義見上市規則）作出。 董事會謹此宣佈，於二零二五年一月二十四日，其已批准本公司可能進行溢價供股 （「可能供股」）的有條件計劃（「有條件計劃」），旨在增強本公司資金實力、優化 資本結構及支持本公司業務發展。 可能供股（如進行）將容許合資格及參與可能供股的股東參與本公司的潛在增長，同時 維持本身於本公司的按比例股權權益。 本公司目前正在其專業顧問的協助下考慮可能供股的條款。由於可能供股預期將於本公 司於二零二四年九月十三日宣佈的先前供股（「先前供股」）後十二個月期間內開始， 董事會正在考慮以下有條件計劃： (1) 可能供股估計集資總額將不超過約港幣160百萬元； (2) 本公司於可能供股完成時 ...

蘇凡荣（董事長） 趙 越（副董事長） 李金平（董事總經理） 楊俊林（董事副總經理） 張 丹 SHOUGANG CENTURY HOLDINGS LIMITED 首 佳 科 技 製 造 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：103） 董事名單與其角色和職能 首佳科技製造有限公司董事會（「董事會」）成員載列如下： 執行董事 提名委員會 蘇凡荣（主席） 馮耀嶺（副主席） 林耀堅 何淑瑛 薪酬委員會 林耀堅（主席） 蘇凡荣（副主席） 馮耀嶺 何淑瑛 非執行董事 徐紅艷（孫超為其替任董事） 獨立非執行董事 林耀堅 馮耀嶺 何淑瑛 董事會設立三個委員會，各委員會成員載列如下： 審核委員會 林耀堅（主席） 馮耀嶺 何淑瑛 香港，二零二四年十二月十日 ...