閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券交易商或其 他註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下全部天利控股集團有限公司之股份，應立即將本通函及隨附之代 表委任表格送交買主或承讓人，或送交經手買賣或轉讓之銀行、持牌證券交易商或其他代理 商，以便轉交買主或承讓人。 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通函之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 此乃要件 請即處理 （於開曼群島註冊成立之有限公司） （股份代號：117） (1)建議重選退任董事 (2)建議發行股份及購回股份之一般授權 及 (3)股東週年大會通告 天利控股集團有限公司謹訂於二零二五年六月二十日（星期五）中午十二時正假座香港皇后 大道中99號中環中心12樓02室舉行股東週年大會，召開大會之通告載於本通函第16頁至第20 頁。本通函隨附股東週年大會適用之代表委 ...

Financial Performance - For the year ended December 31, 2024, the Group's revenue was RMB 548.0 million, an increase of RMB 60.0 million compared to the previous year[16]. - The loss attributable to owners of the Company for the year was approximately RMB 153.4 million, compared to a loss of RMB 222.1 million in the previous year[16]. - The gross profit margin for the Multi-layer Ceramic Capacitors (MLCC) business decreased to 6.3% in 2024 from 7.1% in 2023[16]. - The Group's total revenue for the year ended December 31, 2024, was RMB 548.0 million, an increase of RMB 60.0 million or 12.3% compared to 2023[61]. - Revenue from the MLCC segment was RMB 497.7 million, representing an increase of RMB 56.2 million or 12.7% from the previous year[61]. - Revenue from the investment and financial services segment was RMB 50.3 million, with asset management fee income decreasing by RMB 9.0 million or 18.1% to RMB 40.7 million[61]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 2,213.8 million, up from RMB 2,013.8 million in 2023, representing an increase of 9.9%[4]. - Total liabilities increased to RMB 1,696.2 million in 2024 from RMB 1,345.8 million in 2023, marking a rise of 26.0%[4]. - The Group's bank and other loans stood at RMB 1,362.9 million as of December 31, 2024, reflecting an increase of RMB 288.1 million from RMB 1,074.8 million as of December 31, 2023, mainly due to additional drawdowns[88][93]. - As of December 31, 2024, the Group had net current liabilities of approximately RMB 603.4 million, a significant decrease from net current assets of RMB 41.8 million as of December 31, 2023[105]. - The current ratio decreased to 0.6 as of December 31, 2024, down from 1.0 as of December 31, 2023, primarily due to the classification of RMB 454.1 million of other loans as current liabilities[106]. Market Trends and Outlook - The Group anticipates a mild recovery in the MLCC industry driven by demand from mobile phones, PCs, and laptops as the destocking process concludes[18]. - The growth in the MLCC market is expected to be supported by advancements in artificial intelligence and the increasing demand for high-end MLCC products in various sectors[18]. - The overall consumer electronics market is gradually recovering, although demand remains relatively flat, leading to cautious purchasing behavior among end customers[17]. - The MLCC market is experiencing long-term growth driven by demand from the Internet of Things, 5G communications, new energy vehicles, and AI servers[56]. Research and Development - The company continues to focus on research and development to enhance its competitiveness in the MLCC industry[23]. - The Group has made significant breakthroughs in R&D, focusing on ultra-micro, high capacitance, high temperature, and high reliability products to enhance competitiveness in the high-end market[38]. - Significant investments are being made in research and development, equipment, and automation to enhance core competitiveness and meet customer needs[56]. - Research and development costs were RMB 62.4 million, a decrease of RMB 2.9 million from 2023, attributed to better cost control[68]. Corporate Governance - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the year ended December 31, 2024[137]. - The Board recognizes that good corporate governance is vital to the success of the Company and its subsidiaries, enhancing shareholder value[136]. - The Company is committed to maintaining high standards of corporate governance practices and will continue to review and enhance these practices[138]. - The Board's role includes fostering a corporate culture aligned with the Company's vision, values, and business strategies[139]. - The Company has a diverse board with members having extensive experience in finance, law, and corporate governance[130][131]. Committees and Board Structure - The Board has established three committees: Audit Committee, Nomination Committee, and Remuneration Committee, delegating various responsibilities to them[150]. - The Audit Committee is responsible for providing an independent review of the financial reporting process and overseeing the audit process[198]. - The Audit Committee consists of three independent non-executive Directors, ensuring appropriate professional qualifications[197]. - The Board meets at least four times a year, with proper notice and agenda provided to all Directors[163]. Financial Management - The Group has achieved significant cost reductions by optimizing sales structure and increasing production, with decreases in sales and research expenses compared to 2023[35]. - The Group's liquid assets and credit facilities are deemed sufficient to meet ongoing operational requirements[113]. - The Group plans to fund future capital expenditures primarily through cash generated from operations and bank borrowings, with potential for additional fundraising[110]. - The Group's total current assets as of December 31, 2024, were RMB 755.8 million, down from RMB 1,005.4 million as of December 31, 2023[109].

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。 TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：117） 有關收購流延機之須予披露交易 該等收購事項 收購事項 於二零二五年四月三日（聯交所交易時段後），東宇陽（作為買方，本公司之間接全資 附屬公司）與賣方（作為賣方）訂立機器收購協議，據此，東宇陽同意向賣方收購流延 機，代價為1,290,000.00美元（相當於約10,062,000.00港元）。 機器收購協議 於二零二五年四月三日（聯交所交易時段後），東宇陽（作為買方，本公司之間接全 資附屬公司）與賣方（作為賣方）訂立機器收購協議，據此，東宇陽同意向賣方收購 流延機，代價為1,290,000.00美元（相當於約10,062,000.00港元）。 上市規則之涵義 由於有關收購事項之一項或多項適用百分比率（定義見上市規則）超過5%但低於 25%，故收購事項構 ...

Core Viewpoint - Two A-share listed companies, *ST Dongfang and *ST Jiayu, are likely to face delisting due to their stock prices falling below the par value of 1 yuan for an extended period [2][9]. Group 1: *ST Dongfang - *ST Dongfang's stock price closed at 0.58 yuan per share on March 28, marking the tenth consecutive trading day below 1 yuan [2][6]. - Even if *ST Dongfang experiences a series of daily price increases, it is projected that the stock price will not exceed 1 yuan, thus triggering the delisting rule [4][6]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, which could lead to mandatory delisting [8]. Group 2: *ST Jiayu - *ST Jiayu's stock price was reported at 0.54 yuan per share on March 28, having closed below 1 yuan for 19 consecutive trading days [9]. - According to the Shenzhen Stock Exchange's rules, if *ST Jiayu's stock price remains below 1 yuan for 20 consecutive trading days, it will face delisting [9]. - The company has also indicated potential risks of delisting due to projected negative net assets for the fiscal year 2024, estimated between -2.106 billion yuan and -1.956 billion yuan [11]. - The company is undergoing a change in its auditing firm due to previous issues, which may affect the timely completion of its financial audits [12].

Financial Performance - Total revenue for 2024 reached RMB 548.0 million, an increase of 12.3% compared to 2023[3] - Gross profit for 2024 was RMB 81.5 million, up RMB 3.6 million or 4.7% from 2023[3] - The loss attributable to owners of the company for 2024 was RMB 153.4 million, an improvement from a loss of RMB 222.1 million in 2023[3] - Basic and diluted loss per share for 2024 was RMB 20.6 cents[3] - The company reported a total comprehensive loss of RMB 150.4 million for 2024, compared to RMB 220.0 million in 2023[6] - The company reported a net loss of RMB 153,367,000 for the year ending December 31, 2024[13] - The company’s total comprehensive loss before tax for 2024 was RMB (163,788) thousand, compared to a loss of RMB (195,256) thousand in 2023, indicating a reduction in losses[30] - The company reported a net loss of RMB 153.367 million for the year ended December 31, 2024, compared to a net loss of RMB 222.148 million in 2023, indicating an improvement in financial performance[42] Revenue Breakdown - MLCC sales contributed RMB 497,715 thousand in 2024, up 12.8% from RMB 441,495 thousand in 2023[32] - The investment and financial services segment generated RMB 50,284 thousand in revenue for 2024, compared to RMB 46,521 thousand in 2023, reflecting a 5.9% increase[32] - Total revenue from the MLCC segment reached RMB 497.7 million in 2024, representing a 13% increase compared to 2023, driven by a 5% increase in sales volume and a 7% increase in average product price[55] - Revenue from the MLCC segment was RMB 497.7 million, up RMB 56.2 million or 12.7% year-over-year, attributed to market conditions[68] Profitability Metrics - The gross profit margin decreased by 1.1 percentage points to 14.9% in 2024, with the MLCC business margin dropping from 7.1% in 2023 to 6.3% in 2024[3] - Other income decreased slightly to RMB 16,474 thousand in 2024 from RMB 17,975 thousand in 2023[36] - Financing costs increased to RMB 56,539 thousand in 2024, compared to RMB 34,224 thousand in 2023, marking a significant rise of 65.3%[38] - The company’s asset management fee income decreased to RMB 40,742 thousand in 2024 from RMB 49,708 thousand in 2023, a decline of 18.5%[32] - Research and development costs amounted to RMB 62.4 million, a decrease of RMB 2.9 million compared to the previous year, due to better cost control[71] Financial Position - Non-current assets totaled RMB 1,458.0 million as of December 31, 2024, compared to RMB 1,008.3 million in 2023[7] - Current liabilities increased to RMB 1,359.2 million in 2024 from RMB 963.6 million in 2023[8] - Total equity decreased to RMB 517.6 million in 2024 from RMB 668.0 million in 2023[8] - The company's current liabilities exceeded its current assets by RMB 603.423 million as of December 31, 2024, raising significant doubts about its ability to continue as a going concern[53] - The company's trade payables increased to RMB 148.137 million in 2024, compared to RMB 116.045 million in 2023, indicating a rise in obligations to suppliers[48] - The group had total bank credit facilities of RMB 828.0 million as of December 31, 2024, with RMB 780.4 million utilized[89] - The debt-to-assets ratio increased to approximately 75.9% as of December 31, 2024, from 65.7% on December 31, 2023, due to an increase in bank and other loans[90] Cash Flow and Liquidity - Cash and cash equivalents stood at RMB 63,702,000 as of December 31, 2024[13] - The company has initiated plans to improve liquidity and financial conditions, including cash flow forecasts covering at least 12 months from December 31, 2024[16] - A supplementary loan agreement was established in September 2024 to revise the repayment plan, allowing the company to avoid immediate repayment of loans totaling RMB 441,517,000[14] - The company is actively negotiating with banks regarding loan terms and financial covenants to ensure compliance and avoid defaults[17] - The company plans to restructure its cash borrowings and has a good historical repayment record with banks[16] Strategic Initiatives - The company has taken measures to accelerate the collection of receivables and effectively control costs and expenditures[17] - The company plans to enhance its core competitiveness through the development of new materials and processes, while expanding its product lines to include larger size MLCCs with high reliability for industrial and automotive applications[66] - The company aims to explore new markets and expand its international strategy to increase market share through continuous innovation and quality improvement[66] - The company has made significant breakthroughs in R&D and delivery of automotive-grade products during the reporting period[56] - The company will strengthen the monitoring and management of existing fund projects and implement strategies to improve investment performance in 2024[67] Production and Capacity - The new production base in Chuzhou has commenced mass production, while the Dongguan base is set to start production in Q2 2024, significantly enhancing production capacity and technical capabilities[56] - The company has optimized its sales structure and increased production, leading to a significant reduction in sales and research expenses compared to 2023[55] - The company’s inventory levels in the MLCC industry have normalized after a prolonged destocking period, with downstream demand beginning to recover gradually[55] Employee and Operational Metrics - The total number of employees as of December 31, 2024, was 1,257, a slight decrease from 1,285 in 2023[94] - Capital expenditures for the year ended December 31, 2024, were approximately RMB 194.0 million, down from RMB 330.2 million in 2023[88] Dividend Policy - The company did not recommend the payment of a final dividend for the year ended December 31, 2024[3] - The company did not declare or propose any dividends for the years ended December 31, 2024, and 2023[41] - The group reported no final dividend for the year ended December 31, 2024, consistent with 2023[93]

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。 TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：117） 董事會會議召開日期 天利控股集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025年3 月28日（星期五）舉行董事會會議，藉以（其中包括）考慮並批准本公司及其附屬公司 截至2024年12月31日止年度之全年業績及其發佈，以及考慮派付末期股息（如有）。 承董事會命 天利控股集團有限公司 於本公告日期，董事會包括兩名執行董事，即周春華先生（主席）及潘彤先生（行政總 裁）；以及三名獨立非執行董事，即朱健宏先生、徐學川先生及焦捷女士。 主席 周春華 香港，2025年3月11日 ...

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。 TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：117） 天利控股集團有限公司 主席 周春華 補充公告 有關收購機器之須予披露交易 茲提述天利控股集團有限公司（「本公司」）日期為二零二五年二月二十五日內容有關 收購機器之公告（「該公告」）。除文義另有所指外，本公告所用之詞彙與該公告所界 定者具有相同涵義。 本公告乃就東榮之最終實益擁有人之身份及背景提供補充資料而作出。 就董事經作出一切合理查詢後所深知、盡悉及確信，基於本公司可獲得之資料，東 榮由香港居民兼電子行業商人麥賴明妃女士最終擁有100%權益。 誠如該公告所披露，就董事經作出一切合理查詢後所深知、盡悉及確信，東榮及其 最終實益擁有人均為獨立第三方。 1 本公告為該公告之補充，並應與該公告一併閱覽。上述額外資料並不會影響該公告 所載的其他資料及內容。除 ...

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。 TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：117） 有關收購機器之須予披露交易 收購事項 董事會宣佈，於二零二五年二月二十五日，東宇陽（作為買方，本公司之間接全資 附屬公司）與東榮（作為賣方）訂立購買合約，據此，東宇陽同意向東榮收購機器， 代價為175,000,000日圓（相當於約9,100,000港元）。 上市規則之涵義 由於有關收購事項之一項或多項適用百分比率（定義見上市規則）超過5%但低於 25%，收購事項構成本公司之須予披露交易，並須遵守上市規則第14章項下之通 知及公告規定。 1 收購事項 董事會宣佈，於二零二五年二月二十五日，東宇陽（作為買方，本公司之間接全資附 屬公司）與東榮（作為賣方）訂立購買合約，據此，東宇陽同意向東榮收購機器，代價 為175,000,000日圓（相當於約9,100, ...

TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：117） | | 董事委員會 | | | | | --- | --- | --- | --- | --- | | 董事 | | 審核委員會 | 薪酬委員會 | 提名委員會 | | 周春華先生 | | | M | M | | 朱健宏先生 | | C | M | C | | 徐學川先生 | | M | C | M | | 焦捷女士 | | M | | | 附註： C： 有關董事委員會的主席 周春華先生 （主席） 潘彤先生 （行政總裁） 獨立非執行董事 朱健宏先生 徐學川先生 焦捷女士 董事會已設立三個董事委員會，並制定有關職權範圍。下表提供各董事會成員於各 董事委員會所擔任的職務資料（自二零二五年一月三十一日起生效）。 董事名單與其角色和職能 天利控股集團有限公司董事會（「董事會」）成員載列如下（自二零二五年一月三十一 日起生效）： 執行董事 M： 有關董事委員會的成員 香港，二零二五年一月二十八日 ...

獨立非執行董事辭任及 審核委員會成員變動 獨立非執行董事辭任 天利控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，蔡大維先生 （「蔡先生」）已提呈辭任獨立非執行董事，自二零二五年一月三十一日起生效，以投 入更多時間於其他個人事務及事業。因此，蔡先生於同日將不再擔任董事會轄下審 核委員會成員。 蔡先生已確認，彼與董事會並無意見分歧，亦無有關彼辭任之事宜須敦請本公司股 東及香港聯合交易所有限公司垂注。 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。 TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：117） 董事會謹藉此機會對蔡先生於擔任獨立非執行董事期間對本公司作出的寶貴貢獻 致以衷心感謝。 主席 周春華 香港，二零二五年一月二十八日 於本公告日期，董事會包括兩名執行董事，即周春華先生（主席）及潘彤先生（行政總裁）； 以及三名獨立非執 ...