6月9日，截至港股收盘，恒生指数上涨1.63%，报24181.43点。天利控股集团（00117.HK）收报0.27港 元/股，上涨9.31%，成交量4万股，成交额1万港元，振幅8.5%。 最近一个月来，天利控股集团累计涨幅17.62%，今年来累计涨幅12.27%，跑输恒生指数18.61%的涨 幅。 财务数据显示，截至2024年12月31日，天利控股集团实现营业总收入5.48亿元，同比增长12.29%；归母 净利润-1.53亿元，同比增长30.96%；毛利率14.88%，资产负债率76.62%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，工业工程行业市盈率（TTM）平均值为14.17倍，行业中值2.5倍。天利控股集团市盈 率-1.11倍，行业排名第185位；其他中国航天万源（01185.HK）为0.32倍、谊砾控股（00076.HK）为 0.37倍、天洁环境（01527.HK）为1.89倍、北京控股环境集团（00154.HK）为2.23倍、同景新能源 （08326.HK）为2.5倍。 资料显示，天利控股集团有限公司为一间投资控股公司,其附属公司主要从事生产及销售电子产品并于 目前专注于片 ...

Group 1 - *ST嘉寓 has received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to its stock price being below 1 yuan for 20 consecutive trading days from March 4 to March 31, 2025 [2][3] - The stock of *ST嘉寓 will be delisted within fifteen trading days after the termination decision, and it will not enter a delisting transition period [2][3] - As of April 1, 2024, *ST嘉寓's stock was suspended from trading, with a closing price of 0.43 yuan per share and a total market value of 308 million yuan [2] Group 2 - In 2024, *ST嘉寓 reported an operating income of 482.18 million yuan, a decrease of 59.94% year-on-year, and a net loss attributable to shareholders of 356.47 million yuan [3][4] - By the end of 2024, the net assets attributable to shareholders were -1.96 billion yuan, reflecting a 32.16% decline compared to the end of 2023 [4] - The total assets of *ST嘉寓 decreased by 63.99% year-on-year, amounting to approximately 902.61 million yuan at the end of 2024 [4] Group 3 - *ST龙津 has received a notice from the Shenzhen Stock Exchange regarding the potential termination of its stock listing due to negative net profit and operating income below 1 billion yuan for the fiscal year 2023 [5][6] - The company’s stock was suspended from trading on April 25, 2024, with a closing price of 1.13 yuan per share and a total market value of 453 million yuan [7] - For the fiscal year 2024, *ST龙津 reported an operating income of 66.48 million yuan, a decrease of 23.25% year-on-year, and a net loss of 41.44 million yuan [8][9]

Environmental, Social and Governance Report 環境、社會及管治報告 Table of Content 目錄 Overview The board of directors (the "Board") of Tianli Holdings Group Limited (the "Company") is pleased to present the Environmental, Social and Governance ("ESG") Report (the "Report") of the Company and its subsidiaries (collectively as the "Group" or "we") for the year ended 31 December 2024 (the "Reporting Period"). The Report outlines the policies, sustainability strategies, management approach and initiatives implemented by t ...

TIANLI HOLDINGS GROUP LIMITED 天 利 控 股 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code╱股份代號: 117) （於開曼群島註冊成立之有限公司） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder, Tianli Holdings Group Limited (the "Company") – Notice of Publication of (i) Annual Report 2024; (ii) Circular in relation to (1) Proposed Re-election of Retiring Directors, (2) Proposed General Mandates to Issue Shares and Repurchase Shares, and (3) Notice of Annual General Meeting; and (iii) Proxy Form (t ...

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。 5. 考慮及酌情通過（不論有否修訂）下列決議案為一項普通決議案： 「動議： 2 (a) 在本決議案第(c)段之規限下，並根據香港聯合交易所有限公司（「聯交所」） 證券上市規則（「上市規則」），一般性及無條件批准董事於有關期間（定義 見下文）內行使本公司一切權力，以配發、發行及以其他方式處理本公司 股本中之額外股份及出售或轉讓庫存股份（如有），以及訂立或授出將會或 可能須行使該項權力之要約、協議及購股權； (b) 本決議案第(a)段之批准將授權董事於有關期間（定義見下文）內，訂立或授 出將會或可能須於有關期間內或結束後行使該項權力之要約、協議及購股 權； (c) 董事根據本決議案第(a)段之批准配發或同意有條件或無條件配發（不論是 否根據購股權或以其他方式）、發行或處理之股份總數（惟根據(i)供股（定 義見下文）；或(ii)根據當時採納之任何購股權計劃或類似安排（以向本公 司及╱或其任何附屬公司之高級職員 ...

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].