WINSHINE SCIENCE COMPANY LIMITED * 209 董事名單與其角色及職能 瀛晟科學有限公司董事會（「董事會」）之董事（「董事」）成員之最新資料載列如下。 非執行董事 林少鵬先生 獨立非執行董事 陳卓豪先生 郭劍雄先生 赵勇先生 王鈺梅女士 董事會設立3個委員會。下表提供各董事會成員在這些委員會中所擔任的職位。 | | 董事委員會 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 董事 | | | | | 蔣青輝先生 | – | – | C | | 翁祖鈿先生 | – | M | – | | 李忠海先生 | – | – | – | | 林少鵬先生 | – | – | – | | 陳卓豪先生 | C | C | M | | 郭劍雄先生 | M | – | M | | 赵勇先生 | M | M | – | | 王鈺梅女士 | | | | 附註： 董事會 執行董事 蔣青輝先生 （主席） 翁祖鈿先生 （行政總裁） 李忠海先生 C 有關董事委員會的主席 M 有關董事委員會的成員 香港，二零二四年十二月十二日 * 僅供識別 ...

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，並明確表示不會就本公告全部或任何部份內容而產 生或因依賴該等內容而引致之任何損失承擔任何責任。 WINSHINE SCIENCE COMPANY LIMITED 209 委任獨立非執行董事 根據本公司與王女士訂立的委任書，其任期自二零二四年十二月十二日起為期兩年，須 根據公司章程規定於公司股東週年大會上輪值告退及重選，至少每三年一次。根據委任 書條款，王女士有權收取月薪10,000港元（以12個月基準計算），有關金額由董事會轄下薪 酬委員會推薦並經董事會參考其資歷、經驗及在本公司的職責予以批准。 - 1 - * 王女士已確認(i)其就上市規則第3.13(1)至(8)條所述各項因素而言是獨立的；(ii)彼於過去 或現在於本公司或其附屬公司的業務中並無任何財務或其他權益，亦無與本公司任何核 心關連人士（定義見香港聯合交易所有限公司證券上市規則（「上市規則」））有任何關係； (iii)其在委任時沒無其他可能影響其獨立性的因素。 於本公告日期，除上文所披露者外，王女士(i)並無於本公司或其任何附屬公司擔任任何 ...

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，並明確表示不會就本公告全部或任何部份內容而產 生或因依賴該等內容而引致之任何損失承擔任何責任。 WINSHINE SCIENCE COMPANY LIMITED 209 於二零二四年十一月十九日舉行之 股東特別大會投票表決結果 茲提述瀛晟科學有限公司（「本公司」）日期均為二零二四年十月二十九日的通函（「通函」） 及股東特別大會（「股東特別大會」）之通告（「通告」），內容有關採納新購股權計劃。除文 義另有所指外，本公告所用釋義及詞彙與通函中所界定者具有相同涵義。董事陳卓豪先 生及郭劍雄先生親自出席了股東特別大會，翁祖鈿先生、李忠海先生、林少鵬先生及赵 勇先生以電子方式出席了股東特別大會。蔣青輝先生因其他工作安排未能出席股東特別 大會。 股東特別大會投票表決結果 董事會欣然宣佈於二零二四年十一月十九日舉行的股東特別大會上提呈通告所載的普通 決議案（「決議案」）已獲股東以投票方式正式通過。 於股東特別大會日期，已發行股份總數為145,357,480股。概無股東須就於股東特別大會 上提呈的決議案放棄投票。因此 ...

WINSHINE SCIENCE COMPANY LIMITED 瀛晟科學有限公司* （於百慕達註冊成立的有限公司） （股份代號：209） 各位非登記股東1： Winshine Science Company Limited (瀛晟科學有限公司*) (「本公司」) - 於本公司網站登載公司通訊之通知及更改公司通訊發布模式 A. 在本公司網站登載公司通訊 此通知 閣下，本公司之下述公司通訊2 (「本次公司通訊」)之中、英文版本現已登載於本公司網站www.winshine.com （「本公司網站」）及香港聯合交易所有限公司（「聯交所」）網站www.hkexnews.hk（「聯交所網站」）以供閱覽： 本公司將透過電子郵件方式或郵寄方式（僅於代 閣下持有股份的銀行、經紀人、託管人或代理人（統稱「中介機構」） 透過香港中央結算（代理人）有限公司向本公司提供 閣下的電郵地址或郵寄地址的情況下）向 閣下發出發佈公司通訊 網站版本的登載通知（包括英文及中文版本）。為了可透過電郵進行電子通訊，建議非登記股東向其中介機構提供其有效 的電郵地址。如本公司沒有收到 閣下的中介機構透過香港中央結算（代理人）有限公司提供 閣下的有效的電 ...

WINSHINE SCIENCE COMPANY LIMITED 瀛晟科學有限公司* （於百慕達註冊成立的有限公司） （股份代號：209） 倘 閣下對本通知有任何疑問，請致電香港股份過戶登記分處諮詢熱線(852) 2980 1333查詢，辦公時間為星期一至星期五 （香港公眾假期除外）上午9時正至下午6時正，或電郵至is-ecom@hk.tricorglobal.com 。 承董事會命 瀛晟科學有限公司* 主席 蔣青輝 2024年10月29日 謹此通知 閣下，Winshine Science Company Limited (瀛晟科學有限公司*)（「本公司」）之下述公司通訊1（「本次公司通 訊」）之中、英文版本，現已登載於本公司網站www.winshine.com（「本公司網站」）及香港聯合交易所有限公司（「聯 交所」）網站www.hkexnews.hk（「聯交所網站」）以供閱覽： 各位註冊股東： 於本公司網站登載公司通訊之通知 請於本公司網站「投資者關係」一欄或聯交所網站內讀取本次公司通訊。若閣下早前曾要求收取公司通訊的印刷本，本次公 司通訊的印刷本已隨函附上。 為了支援通過電郵進行電子通訊，本公司建議 閣下 ...

WINSHINE SCIENCE COMPANY LIMITED 209 股東特別大會通告 茲通告瀛晟科學有限公司（「本公司」）謹訂於二零二四年十一月十九日（星期二）上午十時 正假座香港灣仔皇后大道東248號大新金融中心35樓舉行股東特別大會（「股東特別大會」 或「大會」），以便考慮並酌情通過以下決議案（不論有否修訂）為本公司之普通決議案： 普通決議案 「動議： 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告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示不會就本通告全部或任何部份內容而產 生或因依賴該等內容而引致之任何損失承擔任何責任。 * 承董事會命 瀛晟科學有限公司 主席 蔣青輝 香港，二零二四年十月二十九日 附註： (a) 待香港聯合交易所有限公司（「聯交所」）批准因根據本公司新購股權計劃（「新購股權 計劃」，其規則已呈交大會並註有「A」字樣，且由大會主席簡簽以資識別）可能授出 之任何購股權獲行使而可能將予配發及發行之本公司股份（「股份」）上市及買賣後， 批准及採納新購股權計劃之規則，以及授權本公司董事（「董事」）授出購股權以配 發、發行及處理因據此授出之任何購股權獲行使而可 ...

此乃要件 請即處理 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商或註冊證券機 構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有瀛晟科學有限公司*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，或經手買賣或轉讓之銀行、持牌證券商、註冊證券機構或其他代理 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，並明確表示概不就因本通函全部或任何部份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。 WINSHINE SCIENCE COMPANY LIMITED * 209 (1) 建議採納新購股權計劃；及 (2) 股東特別大會通告 除文義另有所指外，本封頁所用詞彙與本通函「釋義」一節所界定者具有相同涵義。 董事會函件載於本通函第5至17頁。 本公司謹訂於二零二四年十一月十九日（星期二）上午十時正（香港時間）假座香港灣仔皇后大道 東248號大新金融中心35樓舉行股東特別大會，召開大會之通告載於本通函第SGM-1至SGM-2 頁。隨本通函附奉適用於股東特別大會之 ...

Financial Performance - Winshine Science Company Limited reported a significant increase in revenue, achieving a total of HK$XX million for the interim period, representing a YY% growth compared to the previous year[3]. - For the six months ended June 30, 2024, the Group reported revenue of HK$191,131,000, a decrease of 5.9% compared to HK$202,686,000 for the same period in 2023[27]. - The Group recorded a loss of approximately HK$26.73 million for the interim period ended June 30, 2024, compared to a loss of approximately HK$21.11 million for the same period in 2023, representing an increase in loss of approximately HK$5.62 million[8]. - The basic and diluted loss per share for the period was HK21.99 cents, compared to HK26.95 cents in the previous year, showing a decrease in loss per share[27]. - The Group incurred a loss before tax of HK$26,709,000, compared to a loss of HK$21,109,000 in the previous year, reflecting a deterioration of 26.5%[27]. - The total comprehensive expenses for the period amounted to HK$26,731,000, compared to HK$25,122,000 in 2023, indicating an increase of 6.4%[29]. - The loss attributable to owners of the Company for the six months ended June 30, 2024, was HK$26,565,000, compared to HK$21,050,000 for the same period in 2023, representing an increase of approximately 26.5%[70]. Revenue Breakdown - Revenue from the plantation and sales of agricultural products increased sharply by 760.8% to HK$1.36 million for the interim period ended June 30, 2024, attributed to early-stage sales growth[9]. - Revenue from toy products was HK$189,771,000, down from HK$202,528,000 in 2023, indicating a decrease of about 6.3%[50]. - Revenue from agricultural products increased to HK$1,360,000 from HK$158,000, showing a significant growth of approximately 764.6%[50]. Cost Management and Profitability - The gross profit margin improved to EE%, up from FF% in the previous period, indicating better cost management and pricing strategies[3]. - The gross profit for the same period was HK$4,070,000, down 62.7% from HK$10,921,000 in 2023[27]. - The reportable segment loss before tax for the toy segment was HK$18,344,000, compared to a loss of HK$12,881,000 in 2023, reflecting a worsening of approximately 42.5%[53]. - Management expects to improve profitability in the toy business and redeploy resources into high-growth and more profitable sectors moving forward[15]. Cash Flow and Financial Position - Winshine's cash flow from operations increased by HH%, providing a solid foundation for future investments and growth initiatives[3]. - The net cash used in operating activities for the first half of 2024 was HK$105,182,000, a decrease from HK$123,138,000 in the same period of 2023, indicating improved cash flow management[38]. - The company’s cash and bank balances decreased significantly to HK$16,137,000 from HK$119,335,000, a decline of approximately 86.5%[32]. - As of June 30, 2024, the Group's net current liabilities were HK$202.0 million, with a current ratio of 0.58, down from 0.63 as of December 31, 2023[13]. - The Group's borrowings totaled HK$245.3 million as of June 30, 2024, an increase from HK$238.1 million as of December 31, 2023[13]. Strategic Initiatives - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of BB% driven by new product launches and market expansion strategies[3]. - Winshine is actively investing in R&D for innovative technologies, with a budget allocation of HK$CC million, aiming to enhance product offerings and improve market competitiveness[3]. - The company is exploring potential acquisitions to strengthen its market position, with discussions ongoing regarding several targets in the industry[3]. - Winshine's market expansion efforts include entering new geographical regions, with plans to establish a presence in DD countries by the end of the fiscal year[3]. Employee and Corporate Governance - As of June 30, 2024, the Group had approximately 2,820 employees, an increase of 25.8% from 2,240 employees a year earlier[21]. - The Group's total staff costs include various benefits such as provident fund schemes, pension schemes, and discretionary bonuses, reflecting a commitment to employee welfare[21]. - The company complied with all applicable provisions of the Corporate Governance Code throughout the six months ended June 30, 2024, except for one deviation explained in the report[130]. Share Capital and Financing - The company completed a share consolidation on May 24, 2024, converting every five issued shares of HK$0.01 each into one consolidated share of HK$0.05 each, resulting in an authorized share capital of HK$700,000,000 divided into 14,000,000,000 consolidated shares[109]. - The company issued 101,964,566 ordinary shares at a subscription price of HK$0.066 per share, completed on January 15, 2024[112]. - The total authorized ordinary shares as of June 30, 2024 were 70,000,000, with a par value of HK$0.01 each[106]. - The company raised HK$6,575,000 from the issuance of new shares under a subscription agreement during the first half of 2024[38]. Risk Management - The Group's foreign currency risk management strategy includes matching foreign currency assets with liabilities to minimize exposure[15]. - The company continues to assess credit risk based on the financial condition of counterparties and industry outlooks[86].

Financial Performance - The company reported a revenue of HKD 191,131,000 for the six months ended June 30, 2024, a decrease of 5.7% compared to HKD 202,686,000 in the same period of 2023[1]. - The gross loss for the period was HKD 26,725,000, compared to a loss of HKD 21,109,000 in the previous year, indicating a worsening performance[2]. - The group reported a loss before tax of HKD 26,709,000 for the six months ended June 30, 2024, compared to a loss of HKD 21,109,000 in the same period of 2023[15]. - The company reported a loss attributable to shareholders of HKD 26,565,000 for the six months ended June 30, 2024, compared to a loss of HKD 21,050,000 for the same period in 2023, representing an increase in loss of approximately 26.5%[23]. - The gross profit for the six months ended June 30, 2024, was approximately HKD 4.07 million, a decrease of about HKD 6.85 million from HKD 10.92 million for the same period in 2023[37]. Revenue Breakdown - Revenue from toy products for the six months ended June 30, 2024, was HKD 189,771,000, a decrease of 6.6% from HKD 202,528,000 in the same period of 2023[13]. - Revenue from agricultural products for the same period was HKD 1,360,000, an increase from HKD 158,000 in 2023[13]. - The toy division's revenue decreased by 6.3% to HKD 189.8 million due to reduced procurement orders from major customers in the United States[38]. - The agriculture division's revenue surged by 760.8% to HKD 1.36 million, attributed to increased sales of early-season agricultural products[39]. Assets and Liabilities - The company’s total assets decreased to HKD 277,570,000 as of June 30, 2024, down from HKD 291,907,000 at the end of 2023[3]. - Current liabilities increased slightly to HKD 479,521,000 from HKD 477,091,000, reflecting ongoing financial pressures[4]. - The company has a net current liability of HKD 201,951,000, which is an increase from HKD 185,184,000 at the end of 2023[4]. - The group’s total assets as of June 30, 2024, were HKD 396,416,000, a decrease from HKD 414,325,000 as of December 31, 2023[17]. - Total liabilities as of June 30, 2024, were HKD 497,441,000, compared to HKD 495,194,000 as of December 31, 2023[17]. Cash Flow and Financing - The bank balance and cash as of June 30, 2024, was HKD 16,137,000, a significant decrease from HKD 119,335,000 at the end of 2023[3]. - The company has implemented cost-saving measures to improve cash flow and manage operational costs effectively[9]. - The company is considering additional financing arrangements to enhance equity and liquidity[9]. - The company has extended the maturity of a bank financing of approximately HKD 171,967,000 to December 13, 2024, to improve financial stability[9]. - The company has successfully negotiated multiple extensions for its bonds and loans, with the latest extension pushing due dates to 2025[30][31]. Debt and Equity - The company’s total bank loans amounted to approximately HKD 245,256,000, an increase from HKD 238,097,000 as of December 31, 2023, representing a growth of 4.85%[29]. - The company’s capital deficit increased by 24.8% to HKD 101.0 million as of June 30, 2024, primarily due to operating losses during the period[40]. - The company's debt-to-equity ratio was approximately 128% as of June 30, 2024, compared to 131% as of December 31, 2023[40]. - The company issued convertible bonds A with a total principal amount of HKD 22,500,000, with an initial conversion price of HKD 0.25 per share, allowing conversion into a maximum of 90,000,000 shares[33]. - Convertible bonds A were converted into 80,000,000 shares and convertible bonds B into 63,636,362 shares as of May 31, 2023[33]. Operational Changes and Future Outlook - The company plans to redeploy resources towards high-growth and more profitable businesses to improve profitability in the toy sector[41]. - The company is optimistic about future growth driven by innovative products and adapting to changing consumer preferences[42]. - The acquisition of agricultural planting and sales business is expected to create synergies and enhance existing agricultural operations, particularly in response to high demand for fruits in Japan[42]. - The company aims to diversify procurement and logistics partnerships to improve supply chain resilience[42]. - Cost control measures will be implemented to streamline operations and reduce expenses[42].

Financial Performance - For the year ended December 31, 2023, revenue from the manufacturing and trading of toys decreased by approximately 38.4% to HK$522.8 million, primarily due to reduced purchase orders from a major US customer[17]. - Revenue from the plantation and sale of agricultural products in Japan was HK$0.44 million for the year ended December 31, 2023[18]. - For FY2023, the Group recorded revenue of approximately HK$523.3 million, representing a decrease of approximately 38.4% compared to HK$849.1 million in FY2022[31]. - The net loss for FY2023 amounted to approximately HK$29.4 million, a significant decline from the net profit of approximately HK$8.1 million in FY2022[33]. - The Toys Division's revenue decreased by approximately 38.4% to HK$522.8 million, with gross profit dropping to approximately HK$39.2 million, a decrease of approximately 60.0% from FY2022[34]. - The Agricultural Products Division generated revenue of HK$0.44 million and recorded a segment loss before taxation of approximately HK$3.3 million due to its development stage in FY2023[40]. Operational Challenges and Strategies - The company anticipates that 2024 will be a challenging year, with continued pressure on product margins and turnover in the Toys Division[19]. - Cost-cutting measures have been implemented to reduce operating costs and improve the company's financial position[20]. - The company is seeking to diversify its principal business activities and move towards more profitable sectors to ensure shareholder returns[20]. - The Board is cautiously optimistic about the performance improvements in both the Toys Division and Agricultural Products Division[26]. - The company plans to explore new business opportunities with lower management costs and seek new potential customers to increase market share[26]. Capital and Funding - The company issued new shares under the General Mandate amounting to approximately HK$6.5 million on January 15, 2024, to explore opportunities and provide sufficient working capital[21]. - The Group has proposed to issue shares under the general mandate on January 15, 2024, to support ongoing business operations despite the net liabilities status[43]. - Management believes that the Group will have sufficient working capital for at least 12 months from December 31, 2023, due to successful measures such as share issuance and loan maturity extensions[54]. - The management plans to raise equity funds through placing new shares and/or rights issues by the end of 2024 to address auditor concerns regarding going concern issues[60]. - Management acknowledges the need for further equity funding to resolve the auditor's concerns and will actively seek potential investors[60]. Going Concern and Audit Issues - The Group's auditor issued a disclaimer of opinion on the consolidated financial statement for FY2023 due to material uncertainty regarding the Group's ability to continue as a going concern[47]. - The Group's current net current liabilities and net liabilities are approximately HKD 185,184,000 and HKD 80,869,000 respectively, with bank balances around HKD 119,335,000, indicating significant uncertainty regarding the Group's ability to continue as a going concern[50]. - The Group's ability to generate operating cash flows and secure additional financing remains uncertain, which is a key factor in the auditor's disclaimer[55]. - The Group aims to remove the disclaimer in the audit of the consolidated financial statements for the year ending December 31, 2024, if all plans are successfully completed[61]. - The Group's consolidated financial statements have been prepared on a going concern basis, contingent on the successful implementation of management's plans and obtaining additional financing[55]. Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG Report for 2023 covers commitments, practices, and performance from January 1, 2023, to December 31, 2023, focusing on the toy manufacturing and trading business[74]. - The Group maintains the same ESG management structure and process as the previous reporting period, ensuring consistency in monitoring ESG issues and performance[86]. - The Group emphasizes the importance of resource management and occupational health and safety in achieving a good corporate image[71]. - The Group conducts regular stakeholder engagement and materiality assessments to identify key ESG-related issues[82]. - The Group's commitment to ethical standards and compliance with relevant laws is emphasized in all ESG matters[86]. Environmental Performance - Total GHG emissions decreased by 28.18% from 7,380 tonnes in 2022 to 5,300 tonnes in 2023[1]. - Scope 1 emissions reduced by 16.59% from 205 tonnes in 2022 to 171 tonnes in 2023[1]. - Scope 2 emissions decreased by 28.52% from 7,175 tonnes in 2022 to 5,129 tonnes in 2023[1]. - The Group targets to lower total GHG emissions by 2-3% for the coming year through various energy efficiency initiatives[3]. - The Group has implemented a VOCs removal system to ensure emissions are within legal requirements[4]. Employee Welfare and Safety - The Group's employment policy is regularly updated and certified by ICTI CARE Foundation, ensuring safe and fair working conditions[158]. - The Group adopts fair recruitment procedures, prohibiting discrimination based on various personal attributes[162]. - The Group provides additional medical insurance beyond the "Five social insurance and one housing fund" for extra protection[192]. - The Group has attained OHSAS 18001 certification to systematize occupational health and safety management[192]. - The Group offers regular medical checks and stress management courses to ensure employee well-being[191].