WINSHINE SCIENCE COMPANY LIMITED * 209 非執行董事 林少鵬先生 獨立非執行董事 郭劍雄先生 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 | – | C | – | | 李忠海先生 | – | – | – | | 林少鵬先生 | – | – | – | | 郭劍雄先生 | C | – | M | | 王鈺梅女士 | M | M | M | 附註： C 有關董事委員會的主席 M 有關董事委員會的成員 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。 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 香港，二零二五年五月二十二日 * 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 (1)於二零二五年五月二十二日舉行之 股東週年大會投票表決結果；及 (2)董事退任及董事委員會組成之變動 董事會宣佈： 茲提述瀛晟科學有限公司（「本公司」）日期為二零二五年四月三十日之通函（「股東週年大 會通函」）及股東週年大會（「股東週年大會」）通告（「股東週年大會通告」）。除本公告另有 界定者外，本公告所用詞彙具與股東週年大會通函所界定者俱有相同涵義。 股東週年大會之投票表決結果 董事會欣然宣佈除第2(b)項（關於重選趙勇為董事）決議案外，股東週年大會通告所載的所 有決議案（「決議案」，及各自「決議案」）均已於二零二五年五月二十二日舉行的股東週年 大會上獲股東以投票方式正式通過。 於股東週年大會日期，已發行股份總數為154,757,480股股份，即賦予股東出席股東週年 大會並就會上提呈之決議案投贊成或反對票之股份總數。(a)於 ...

Group 1 - Several A-share companies have recently "removed their ST labels" [2][9] - On May 11, *ST You Tree announced the approval to withdraw the delisting risk warning and other risk warnings, with the stock resuming trading on May 13 under the new name "You Ke Shu" [3][8] - As of May, companies such as Jiu Zhi Tang, Tian Bang Food, and Shandong Mo Long have successfully removed their ST labels, while others like ST Ning Ke have transitioned from *ST to ST [11][12] Group 2 - The annual audit report for 2023 indicated that the company's net assets were negative, leading to a delisting risk warning effective April 29, 2024 [7] - The 2024 annual report showed a total profit of -6.46 million and a net profit of 56.76 million, with a net asset value of 924.81 million by the end of 2024, indicating improved financial health [8] - The removal of risk warnings is seen as a new starting point for companies, emphasizing the need to focus on core business and enhance competitiveness for sustainable development [12]

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 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） A. 在本公司網站登載公司通訊 粹此通知 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： 2025年4月30日 附件 附註： 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。 B. 更改公司通訊發布模式 本公司採納透過電子方式向其非登記股東發佈日後公司通訊的新安排。請注意，所有日後公司通訊的英、中文版本將在本 公司網站www.winshine.com和聯交所網站www.hkexnews.hk（「網站版本」）上提供。除非 ...

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） 各位註冊股東： 於本公司網站登載公司通訊之通知 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： 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 閣下向本公司香港股份過戶登記分處卓佳證券登記有限公司（「香港股份過 戶登記分處」）（地址為香港夏慤道16號遠東金融中心17樓）發出（不少於7天的）合理書面通知，或發送電郵至 is-ecom@vistra.com向本公司提供 閣下的電郵地址。 股東有責任提供有效的電郵地址。若本公司沒有股東的電郵地址或 閣下提供 ...

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，概不對因本通告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 股東週年大會通告 茲通告瀛晟科學有限公司（「本公司」）謹訂於二零二五年五月二十二日（星期四）上午十時 三十分假座香港灣仔皇后大道東248號大新金融中心35樓舉行股東週年大會，藉以討論下 列事項： 普通事項 - 1 - * 特別事項 普通決議案 (b) 將根據本決議案(a)段之批准，授權董事於有關期間內訂立或授出將要或可 能需要於有關期間結束後行使該等權力之建議、協議及購股權（包括附有 權利可認購或兌換為或行使以獲取本公司股份之債券、認股權證、債權 證、票據及任何證券）； (c) 根據本決議案上文(a)及(b)段的批准，董事已配發或有條件或無條件同意配 發及發行的股份總數，以及已出售及╱或轉讓或有條件或無條件同意出售 及╱或轉讓的庫存股總數（不論是否根據期權），但根據以下規定者除外： (i) 供股（定義見下文）； (ii) 根據本公 ...

此乃要件 請即處理 閣下如對本通函之任何方面或應採取之行動有任何疑問，應諮詢閣下之股票經紀或其他註冊證 券商、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股票經紀、其他註冊證券商、銀行或其他代理 人，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。 釋 義 於本通函中，除文義另有所指外，下列詞彙具有以下涵義： 本通函第15至19頁載有召開瀛晟科學有限公司股東週年大會之通告，股東週年大會將於二零二 五年五月二十二日（星期四）上午十時三十分假座香港灣仔皇后大道東248號大新金融中心35樓 舉行。無論閣下能否出席股東週年大會及於會上投票，亦務請細閱該通告及將隨附之代表委任 表格按其上印列之指示填妥及簽署，並盡快交回本公司之香港股份過戶登記分處卓佳證券登記 有限公司，地址為香港夏愨道16號遠東金融中心17樓，惟無論 ...

Economic Performance - The year 2024 was marked by significant economic challenges, including persistent inflation and geopolitical conflicts impacting global supply chains and trade flows[16]. - For FY2024, the Group recorded revenue of approximately HK$515.9 million, representing a decrease of approximately 1.4% compared to FY2023 revenue of approximately HK$523.3 million[25]. - The Toys Division's revenue decreased by approximately 1.7% to HK$514 million, with gross profit dropping to approximately HK$13.8 million, a decrease of approximately 64.8% from HK$39.2 million in FY2023[29]. - The Group's net loss for FY2024 amounted to approximately HK$73.8 million, compared to a net loss of approximately HK$29.4 million in FY2023, primarily due to a reduction in gross profit and increased impairment losses[27]. - The Agricultural Products Division improved its revenue to approximately HK$1.9 million in FY2024, up from approximately HK$0.4 million in FY2023, but still recorded a segment loss before taxation of approximately HK$3.5 million[34]. - The Toys Division faced tremendous pressure on product margins and turnover in FY2025, indicating a challenging market environment ahead[18]. Financial Position - The Group's net current liabilities at the end of FY2024 were approximately HK$220.3 million, an increase from HK$185.2 million in FY2023, with cash and cash equivalents of approximately HK$55.3 million[35]. - Capital deficiencies attributable to owners of the Company increased to approximately HK$139 million as of December 31, 2024, compared to approximately HK$80.1 million as of December 31, 2023[36]. - The Group's gearing ratio as of December 31, 2024, was approximately 136.7%, up from 131% in 2023, indicating a high level of debt relative to equity[36]. - The Group's current liabilities net amount to approximately HKD 220,257,000, while total liabilities net amount to approximately HKD 140,487,000, indicating significant uncertainty regarding the Group's ability to continue as a going concern[45]. - The Group's bank balance is approximately HKD 55,258,000, against loans of approximately HKD 217,089,000 that are due within the next twelve months[45]. Management Plans and Strategies - The Group is cautiously optimistic about the performance improvements in both the Toys Division and Agricultural Products Division, with plans to explore new business opportunities[19]. - The management plans to extend the plantation and sales of agricultural products in Japan, which are currently in the development stage[34]. - The Group has proposed to issue shares under the general mandate on January 28, 2025, to support ongoing business operations despite the current financial challenges[37]. - Management believes that the Group will have sufficient working capital for at least 12 months from December 31, 2024, based on successful measures such as share issuance and loan maturity extensions[47]. - The management plans to raise equity funds through new share placements and/or rights issues to address auditor concerns regarding going concern issues, aiming to complete this by the end of 2025[53]. - The audit committee agrees with management's action plan to address the audit qualification and supports the Group's ability to continue as a going concern[49]. ESG Commitment and Governance - The Group's ESG management structure and processes remained unchanged from the previous reporting period, indicating a consistent approach to environmental, social, and governance issues[67]. - The Group is committed to providing strong returns to investors while ensuring a healthy and safe working environment for employees and contributing to sustainable local community developments[68]. - The reporting scope of the ESG Report focuses on the primary business of manufacturing and trading toys, with the Zhongshan division being financially significant and operationally important[71]. - The Board regularly approves and updates strategies related to environmental and social issues, ensuring that all departments implement ESG policies according to their operations[68]. - The Group continues to invest substantial resources to monitor ESG issues, policies, and practices, reflecting its commitment to sustainability and compliance with legal requirements[67]. - The Group's governance structure emphasizes the importance of risk management and compliance with relevant laws and regulations to enhance competitiveness and promote sustainable business development[63]. Environmental Performance - The Group's environmental performance is overseen by the Board, ensuring compliance with all relevant environmental laws and regulations[85]. - The Group has complied with the Environmental Protection Law of the PRC and other relevant regulations to minimize environmental risks[85]. - The Group has established an environmental management system in accordance with ISO 14001 standards to enhance its environmental performance[92]. - The Group's indirect CO2 emissions increased by 3.00% from 5,129 tonnes in 2023 to 5,283 tonnes in 2024, while CO2 emissions per employee decreased by 6.05% from 3.47 tonnes to 3.26 tonnes[98]. - The Group aims to reduce air pollutant emissions, specifically hazardous SOx, NOx, and PM, by 2-3% in the coming year[106]. - The Group has not reported any confirmed cases of breaching environmental legislation regarding emissions and waste discharge during the 2024 Reporting Period[93]. Climate Change and Risk Management - The Board oversees climate-related risks, recognizing them as material risks that could impact strategic objectives and financial performance[149]. - The Group has identified energy and water as immediate areas to address climate change and reduce future costs[150]. - The Group recognizes climate change as a strategic business risk and integrates climate-related risks and opportunities into its overall business strategy[175]. - The Group has identified extreme weather events such as typhoons, heavy rain, and flooding as physical acute risks, which could lead to delivery delays and increased operational costs[158]. - Legal and policy risks related to stricter carbon emission reduction policies may increase operational costs and litigation risks for the Group[166]. - The Group acknowledges that climate change presents opportunities for cost savings through improved energy efficiency and the adoption of green technologies[169]. Employee Welfare and Practices - The Group employed 1,654 full-time employees as of December 31, 2024, in Zhongshan and Hong Kong[197]. - The employee gender distribution shows 971 males and 683 females in 2024, compared to 952 males and 566 females in 2023, indicating a growth in both male and female employees[199]. - The Group has established an updated employment policy in compliance with the National Labour Law, with no reported cases of non-compliance regarding employment practices during the 2024 reporting period[192]. - The Group contributes to "Five social insurance and one housing fund," ensuring employees receive endowment, medical, unemployment, employment injury, maternity insurance, and housing provident fund[194]. - All employees are entitled to various statutory holidays and paid leave, including paternity and maternity leave, as part of the Group's commitment to employee welfare[194]. - The Group has been certified by the ICTI CARE Foundation, demonstrating its commitment to promoting safe and fair working conditions[192].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 515,908,000, a decrease of 1.7% from HKD 523,262,000 in the previous year[3] - The cost of sales increased to HKD 503,105,000, up 3.9% from HKD 483,996,000, resulting in a gross profit of HKD 12,803,000, down 67.4% from HKD 39,266,000[3] - The company recorded a loss before tax of HKD 69,437,000, compared to a loss of HKD 22,998,000 in the previous year, indicating a significant decline in financial performance[3] - The net loss attributable to shareholders for the year was HKD 73,026,000, compared to HKD 28,650,000 in the previous year, reflecting an increase of 154.5%[3] - Basic and diluted loss per share was HKD 0.564, compared to HKD 0.318 in the previous year, representing a 77.5% increase in loss per share[3] - The group reported a pre-tax loss of HKD 69,437,000 in 2024, compared to a pre-tax loss of HKD 22,998,000 in 2023, indicating a significant increase in losses[25] - The annual loss attributable to shareholders for 2024 is HKD (73,026,000), compared to HKD (28,650,000) in 2023, indicating a significant increase in losses[30] - The net loss for fiscal year 2024 was approximately HKD 73.8 million, compared to a net loss of HKD 29.4 million in fiscal year 2023, indicating a significant increase in losses[47] - The gross profit for the fiscal year 2024 was approximately HKD 13.8 million, a decrease of about 64.8% from HKD 39.2 million in fiscal year 2023[47] Revenue Breakdown - Total revenue from toy sales for the year 2024 was HKD 514,023,000, a decrease of 1.54% from HKD 522,827,000 in 2023[18] - Revenue from agricultural products increased significantly to HKD 1,885,000 in 2024 from HKD 435,000 in 2023, representing a growth of 334.48%[18] - The total revenue for the group in 2024 was HKD 515,908,000, down from HKD 523,262,000 in 2023, marking a decline of 1.41%[18] - The toy division's revenue decreased by approximately 1.7% to HKD 514 million in fiscal year 2024, with a reported segment loss before tax of about HKD 44.5 million compared to a loss of HKD 7.26 million in fiscal year 2023[49] - The agricultural products division's revenue improved to approximately HKD 1.9 million in fiscal year 2024 from HKD 0.4 million in fiscal year 2023, but it recorded a segment loss before tax of about HKD 3.5 million due to its developmental stage in Japan[50] Assets and Liabilities - Total assets decreased to HKD 255,457,000 from HKD 291,907,000, while total liabilities slightly decreased to HKD 475,714,000 from HKD 477,091,000[5] - The company reported a net current liability of HKD 220,257,000, compared to HKD 185,184,000 in the previous year, indicating worsening liquidity[6] - The company’s current liabilities and total liabilities were approximately HKD 220.3 million and HKD 140.5 million, respectively, as of December 31, 2024[44] - Trade receivables total HKD 105,083,000 in 2024, an increase of 47% from HKD 71,657,000 in 2023[32] - The net trade receivables after expected credit loss provisions for 2024 is HKD 103,334,000, compared to HKD 70,482,000 in 2023[32] - Trade payables amount to HKD 204,624,000 in 2024, up from HKD 170,541,000 in 2023, reflecting a 20% increase[33] - Total loans amount to HKD 217,089,000 in 2024, a decrease from HKD 238,097,000 in 2023[35] Cash Flow and Liquidity - The company’s cash and bank balances decreased to HKD 55,258,000 from HKD 119,335,000, indicating a significant reduction in liquidity[5] - The company’s bank balance was approximately HKD 55.3 million, while its loans amounted to approximately HKD 217.1 million, indicating a significant liquidity concern[44] - The company raised approximately HKD 1,200,000 from the issuance of 9,400,000 new shares at HKD 0.14 each to improve its financial position[11] - The company completed the issuance of 101,964,566 new shares at a placement price of HKD 0.066 per share, raising approximately HKD 6.5 million on January 15, 2024[38] - The company issued 9,400,000 new shares at a net issue price of approximately HKD 0.14 per share on January 28, 2025, generating net proceeds of HKD 1.2 million[41] Cost Management - The group implemented cost-saving measures to control operating and administrative costs, aiming to improve cash flow to meet operational funding needs[15] - Interest expenses on bank loans rose to HKD 9,931,000 in 2024 from HKD 6,974,000 in 2023, an increase of 42.3%[27] - The group’s total financing costs increased to HKD 18,184,000 in 2024 from HKD 15,587,000 in 2023, reflecting a rise of 16.5%[27] - The cost of inventory recognized as an expense in 2024 is HKD 495,518,000, compared to HKD 478,136,000 in 2023[28] Corporate Governance and Future Outlook - The company has complied with all applicable code provisions of the corporate governance code during the fiscal year ending December 31, 2024[60] - The management plans to raise equity capital through the issuance of new shares to address ongoing operational funding needs and to mitigate the auditor's concerns regarding going concern issues[58] - The company anticipates that fiscal year 2025 will be challenging due to geopolitical instability and inflationary pressures, which will significantly impact the toy division's product profitability and sales[59] - The board remains cautiously optimistic about the group's future, expecting continued improvement in the toy and agricultural products divisions while exploring new business opportunities[59] Employment and Employee Costs - As of December 31, 2024, the group employed 1,654 employees, an increase from 1,513 employees in 2023, with employee costs approximately HKD 109.8 million compared to HKD 106.1 million in 2023[61] Audit and Reporting - The audit committee reviewed the annual performance for the fiscal year 2024, and the financial statements were audited by the auditor, Tianjian International CPA Limited[64] - The annual report for the year ended December 31, 2024, will be sent to shareholders and published on the respective websites at an appropriate time[66]

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佈之內容概不負責，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，二零二五年三月十四日 於本公告日期，董事會由三名執行董事蔣青輝先生（主席）、翁祖鈿先生（行政總裁）及李 忠海先生；一名非執行董事林少鵬先生；及三名獨立非執行董事郭劍雄先生、赵勇先生 及王鈺梅女士組成。 * 僅供識別 WINSHINE SCIENCE COMPANY LIMITED 209 董事會會議通告 瀛晟科學有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司之董事會會議將於二 零二五年三月三十一日（星期一）舉行，藉以（其中包括）批准本公司及其附屬公司截至二 零二四年十二月三十一日止年度之經審計全年業績，及建議宣派末期股息（如有）之事 宜。 * ...