CSC HOLDINGS LIMITED 中策資本控股有限公司 （於香港註冊成立之有限公司） （股份代號：235） 二零二五年九月三十日 致本公司新登記的證券持有人 於本公司網站刊發截至二零二五年六月三十日止六個月之中期報告的通知及選擇公司通訊之收取方式 我司欣然附上中策資本控股有限公司（「本公司」）之上述的公司通訊的英文版本及中文版本以供閱覽。上述 的公司通訊亦登載於本公司網站www.cscholdings.com 及香港交易及結算所有限公司網站www.hkexnews.hk 。 根據本公司的組織章程細則，本公司擬確定 閣下就本公司日後發出之所有公司通訊（「公司通訊」）之收 取方式之選擇，「公司通訊」指由本公司發出或將予發出以供其股東參照或採取行動的任何文件，其中包 括但不限於(a)董事會報告、年度賬目連同核數師報告以及（如適用）財務摘要報告；(b)中期報告及（如適用） 中期摘要報告；(c)會議通告；(d)上市文件；(e)通函；及(f)代表委任表格。 閣下可選擇： 方案一： 查閱所有日後於本公司網站www.cscholdings.com 之公司通訊（「網上版本」）以代替收取印刷本， 並收取有關公司通訊已刊載 ...

CSC HOLDINGS LIMITED 中策資本控股有限公司 （於香港註冊成立之有限公司） （股份代號：235） 二零二五年九月三十日 致本公司非登記的證券持有人 於本公司網站刊發截至二零二五年六月三十日止六個月之中期報告的通知 我司現謹通知 閣下，中策資本控股有限公司（「本公司」）之上述的公司通訊（「公司通訊」） 的英文版本及中文版本，現已登載於本公司網站www.cscholdings.com 及香港交易及結算 所有限公司網站www.hkexnews.hk 。 主席 謹啟 附件 註： 公司通訊指由本公司發出或將予發出以供本公司證券持有人參照或採取行動的任何文件，其中包括但不限於董事會報告及年度賬 目連同核數師報告、財務摘要報告（如適用）、中期報告、中期摘要報告（如適用）、會議通告、上市文件、通函及代表委任表格。 申請表格 請於本公司網站內的財務報告項目內按二零二五年中期報告以查閱公司通訊。 倘 閣下擬收取公司通訊的印刷本，務請填妥隨附之申請表格及利用郵寄標籤寄回本公 司之香港股份過戶登記處－卓佳證券登記有限公司。於收到 閣下的申請後，公司通訊 的印刷本將免費發送予 閣下。 請注意，當 閣下填妥及寄回申請表 ...

CSC HOLDINGS LIMITED 中策資本控股有限公司 （於香港註冊成立之有限公司） （股份代號：235） 二零二五年九月三十日 致本公司登記的證券持有人 於本公司網站刊發截至二零二五年六月三十日止六個月之中期報告的通知 我司現謹通知 閣下，中策資本控股有限公司（「本公司」）之上述的公司通訊（「公司通訊」） 的英文版本及中文版本，現已登載於本公司網站www.cscholdings.com 及香港交易及結算 所有限公司網站www.hkexnews.hk 。 凡選擇（或被視作已同意）瀏覽在本公司網站刊載之公司通訊以代替收取印刷本之股東， 均可要求索取中期報告及╱或日後公司通訊的印刷本。 倘 閣下擬收取中期報告的印刷本及╱或欲更改選擇日後公司通訊之收取方式，務請填 妥隨附之變更申請表格及利用郵寄標籤（只適用於香港投寄）寄回本公司之香港股份過 戶登記處－卓佳證券登記有限公司（「股份過戶登記處」）或電郵至235-ecom@vistra.com 。 於收到 閣下的申請後，中期報告及╱或日後公司通訊的印刷本將免費發送予 閣下。 閣下有權利在任何時候向本公司之股份過戶登記處給予不少於七日的書面通知，以郵寄 方式至香港 ...

Financial Performance - For the six months ended June 30, 2025, the group recorded a revenue increase of 2% to HKD 20,205,000 compared to HKD 19,888,000 for the same period in 2024[6] - The loss attributable to owners of the company was HKD 11,812,000, significantly higher than the loss of HKD 1,926,000 in the previous year, primarily due to an increase in impairment losses on receivables[6] - Interest income from lending decreased to HKD 14,755,000 from HKD 20,030,000 in the previous year, reflecting a decline of approximately 26%[6] - The profit from the lending business decreased by 52% to HKD 7,139,000 in the first half of 2025, down from HKD 15,025,000 in the same period of 2024, primarily due to an increase in impairment losses on receivables[14] - The group recorded a pre-tax loss of HKD 10,326,000, compared to a loss of HKD 859,000 in the same period last year, indicating a significant increase in losses[48] - The total comprehensive income for the six months ended June 30, 2025, was a loss of HKD 12,311,000, compared to a loss of HKD 1,582,000 for the same period in 2024, reflecting a worsening financial performance[50] - The total loss for the six months ended June 30, 2025, was HKD 11,812,000, significantly higher than the loss of HKD 1,926,000 in the same period of 2024[72] Asset Management - The group's total assets at the end of the reporting period amounted to HKD 2,328,561,000, an increase from HKD 2,008,692,000 at the end of 2024[33] - The total assets as of June 30, 2025, were HKD 2,214,755,000, a slight decrease from HKD 2,231,737,000 at the end of 2024[49] - The total cash and bank balances increased to HKD 1,828,811,000 from HKD 1,518,810,000, showing a growth of approximately 20.4%[49] - The net carrying value of the loan portfolio (after deducting impairment provisions) was HKD 409,653,000 as of June 30, 2025, down from HKD 524,248,000 at the end of the previous year[17] - The total amount of receivables secured by collateral was HKD 399,927,000, down from HKD 514,318,000 as of December 31, 2024, a decrease of 22.2%[77] Impairment and Provisions - The impairment provision for loans decreased by 23% or HKD 84,780,000 to HKD 281,055,000 as of June 30, 2025, compared to HKD 365,835,000 at the end of the previous year[16] - The impairment loss on loans receivable for the six months ended June 30, 2025, was HKD 10,310,000, compared to HKD 2,651,000 for the same period in 2024[69] - The company recognized an expected credit loss of HKD 19,275,000 during the period, primarily related to receivables totaling HKD 413,637,000 that continued to be credit impaired[78] - The company made an impairment provision of HKD 10,310,000 for receivables during the interim period, compared to HKD 2,651,000 for the same period last year[78] Employee and Operational Costs - Employee costs decreased to HKD 17,736,000 from HKD 20,332,000, indicating a reduction of approximately 13%[6] - The total remuneration for key management personnel decreased from HKD 4,095,000 in the six months ended June 30, 2024, to HKD 2,721,000 in the same period of 2025, representing a reduction of approximately 33.5%[98] - The group has 45 employees as of June 30, 2025, down from 51 employees a year earlier, representing a reduction of approximately 11.76%[41] Market Conditions and Strategy - The group continues to adopt a prudent approach in managing its business amid global economic uncertainties and geopolitical tensions[5] - The overall market sentiment remains challenging due to ongoing geopolitical issues, impacting trade and market confidence[5] - The group continues to seek and evaluate opportunities in the global commodity market despite a temporary halt in trading activities with European clients due to market fluctuations[13] Equity and Shareholder Information - The group's equity attributable to the company's owners was HKD 2,204,301,000 at the end of the reporting period, a decrease from HKD 2,216,612,000 at the end of 2024[35] - The company reported a decrease in interest income from bank deposits to HKD 14,755,000 in 2025 from HKD 20,030,000 in 2024, a decline of approximately 26.4%[51] - The board has resolved not to declare an interim dividend for the six months ended June 30, 2025, consistent with the previous year[99] - The company has not issued, exercised, cancelled, or lapsed any share options during the six months ended June 30, 2025, with a total of 2,038,525,383 share options available for issuance under the share option scheme[101] Financial Instruments and Investments - The group’s securities investments included a portfolio valued at HKD 12,728,000, comprising HKD 3,719,000 in Hong Kong listed equity securities and HKD 9,009,000 in non-listed equity securities in the U.S.[8] - The net gain from financial assets measured at fair value through profit or loss was HKD 292,000, a recovery from a net loss of HKD 654,000 in the previous year[9] - The fair value of listed investments as of June 30, 2025, was HKD 3,719,000, down from HKD 7,108,000 as of December 31, 2024, indicating a decrease of 47.6%[85]

Group 1 - The company, Zhongce Capital Holdings, announced a share subscription agreement with AccX Limited, involving the subscription of 255,000 convertible preferred shares for approximately $4.3714 million, which can be adjusted if the lead investor does not accept project progress [1] - AccX Limited primarily operates in Southeast Asia, providing digital payment services, and the management believes that the company's fintech capabilities and experience in mainland China can be effectively applied in Southeast Asia [1] - The management is confident about the growth potential of the Southeast Asian economy and payment services market, viewing this transaction as part of the company's strategy to diversify its financial business and expand into the Southeast Asian market, which is expected to generate additional revenue sources [1] Group 2 - The transaction is expected to create strong synergies with another acquisition of Citystate Savings Bank, Inc., and the excellent track record of the target company's management team is anticipated to facilitate the digital transformation of Citystate Savings Bank, Inc. [1]

Core Viewpoint - Zhongce Capital Holdings (00235.HK) has entered into a share subscription agreement to invest in AccX Limited, a digital payment service provider in Southeast Asia, for a total consideration of $4.371 million, which will enhance the company's financial performance and diversify its business operations in the region [1]. Group 1 - The lead investor, a wholly-owned subsidiary of the company, will subscribe to 255,000 convertible preferred shares of AccX Limited [1]. - Upon completion, AccX Limited will become an indirect non-wholly-owned subsidiary of the company, and its financial results will be consolidated into the group's financial statements [1]. - The management believes that the target company's strong fintech capabilities and experience in mainland China can be effectively applied to the Southeast Asian market [1]. Group 2 - The management is confident about the growth potential of the Southeast Asian economy and payment services market, viewing this transaction as part of the group's financial business investment strategy [1]. - The transaction is expected to create strong synergies with another acquisition of Citystate Savings Bank, Inc., enhancing its digital transformation efforts [1]. - The target company's management team is recognized for its excellent track record, which is anticipated to contribute positively to the overall business strategy [1].

Group 1 - The core viewpoint of the article is that Zhongce Capital Holdings (00235) has entered into a share subscription agreement to invest in AccX Limited, a digital payment service provider in Southeast Asia, with a total consideration of approximately $4.37 million [1] - The investment will be funded through the company's internal resources and involves the subscription of 255,000 convertible preferred shares [1] - The management believes that AccX Limited's competitive fintech capabilities and experience in mainland China can be effectively applied to the Southeast Asian market, which has significant growth potential [1] Group 2 - The transaction is part of the company's strategy to diversify its financial business and expand into the Southeast Asian market, which is expected to generate additional revenue sources [1] - The management is confident that this investment will create strong synergies with another acquisition of Citystate Savings Bank, Inc., enhancing its digital transformation efforts [1] - The management team of AccX Limited is viewed as having a strong track record, which is expected to contribute positively to the performance of Citystate Savings Bank, Inc. [1]

Core Viewpoint - The company announced the acquisition of approximately 26.30% equity in CITYSTATE SAVINGS BANK, INC. with all conditions for the transaction being met or waived by mutual agreement, and the deal is set to close on September 25, 2025 [1] Group 1 - The company will indirectly hold about 26.30% interest in the target company at the time of closing [1]

Group 1 - The announcement states that all conditions for the delivery have been met or mutually waived by the parties involved, leading to the acquisition being scheduled for delivery on September 25, 2025 [1] - At the time of delivery, the company will indirectly hold approximately 26.30% equity in the target company [1]

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，並明確表示不會就本公佈全部或任何部 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。 CSC HOLDINGS LIMITED 中策資本控股有限公司 （於香港註冊成立之有限公司） （股份代號：235） 須予披露交易 認購ACCX LIMITED之股份 於二零二五年九月二十五日（交易時段後），牽頭投資者（本公司之全資附屬公司） 與（其中包括）目標公司（獨立第三方）訂立股份認購協議。據此，按照股份認購 協議之條款及條件，牽頭投資者須認購目標股份，而目標公司須向牽頭投資者 配發及發行目標股份，代價為4,371,428.56美元。於完成時，目標公司將成為本 公司之間接非全資附屬公司，而目標公司之財務業績將綜合計入本集團之財務 報表。 由於有關交易於上市規則第14.07條項下之一項或多項適用百分比率高於5%，但 所有適用百分比率均低於25%，根據上市規則第十四章，有關交易構成本公司 之一項須予披露交易，因此須遵守上市規則第十四章項下之公佈規定。 股份認購協議 股份認購協議的主要條款載列如下： 日期 ： ...