股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年10月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 江山控股有限公司 | | | 呈交日期: | 2025年11月3日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00295 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 14,964,442,519 | | 0 | | 14,964,442,519 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 14,9 ...

Core Insights - Jiangshan Holdings (00295) announced a financing lease agreement with Zhejiang Yin Leasing, where Zhejiang Yin Leasing will purchase leasing assets for a total consideration of RMB 52 million [1] - The leasing assets, which include photovoltaic power generation equipment and supporting facilities, will be leased back to Jiangshan's indirect wholly-owned subsidiary, Lingbi Yongji, for a term of 10 years [1] - Ownership of the leasing assets will remain with Zhejiang Yin Leasing during the lease term, and will transfer to Lingbi Yongji upon payment of all amounts due under the financing lease agreement and a symbolic payment of RMB 100 at the end of the lease term or upon early termination [1] Company Summary - Jiangshan Holdings is engaging in a financing lease to enhance its renewable energy capabilities through the acquisition of a 20 MW photovoltaic power plant located in Suzhou, Anhui Province, China [1] - The financing lease structure allows Jiangshan Holdings to utilize the assets while deferring ownership until the end of the lease term, which may provide financial flexibility [1]

Core Viewpoint - Jiangshan Holdings (00295.HK) has entered into a financing lease agreement with Zhejiang Yin Leasing, involving a total consideration of RMB 52 million for leasing assets related to a 20 MW solar power plant in Suzhou, Anhui Province, China [1] Company Summary - Jiangshan Holdings' indirect wholly-owned subsidiary, Lingbi Yongji, is the lessee in the financing lease agreement [1] - The lease term is set for 10 years, with ownership of the leased assets remaining with Zhejiang Yin Leasing during the lease period [1] - At the end of the lease term or upon early termination, ownership will transfer to Lingbi Yongji after payment of all amounts due under the agreement and a symbolic payment of RMB 100 [1] Market Performance - As of October 27, 2025, Jiangshan Holdings closed at HKD 0.02, down 5.26%, with a trading volume of 2.15 million shares and a turnover of HKD 41,100 [1] - The stock has not received any ratings from investment banks in the past 90 days, indicating low attention from analysts [1] Industry Comparison - Jiangshan Holdings has a market capitalization of HKD 284 million, ranking 25th in the power industry [1] - Key financial metrics compared to the industry average: - ROE: -14.83% (industry average: -0.34%) [1] - Market capitalization: HKD 2.84 billion (industry average: HKD 174.38 billion) [1] - Revenue: HKD 325 million (industry average: HKD 29.112 billion) [1] - Net profit margin: -9.09% (industry average: 24.43%) [1] - Gross profit margin: 54.24% (industry average: 33.85%) [1] - Debt ratio: 48.34% (industry average: 61.73%) [1]

Core Viewpoint - Jiangshan Holdings (00295) announced a financing lease agreement involving its indirect wholly-owned subsidiary, Lingbi Yongji, and Zhejiang Yin Leasing, with a total consideration of RMB 52 million for leasing assets related to a solar power plant [1] Group 1: Financing Lease Agreement - The financing lease agreement was signed on October 27, 2025, with Zhejiang Yin Leasing as the lessor and Lingbi Yongji as the lessee [1] - The total consideration for the leasing assets is RMB 52 million, which will be used to purchase leasing assets [1] - The lease term is set for 10 years, during which the ownership of the leasing assets will remain with Zhejiang Yin Leasing [1] Group 2: Asset Ownership and Terms - At the end of the lease term or upon early termination of the financing lease agreement, ownership of the leasing assets will transfer to Lingbi Yongji after payment of all amounts due under the agreement and a symbolic cost of RMB 100 [1] - The leasing assets include various photovoltaic power generation equipment and supporting facilities located at a 20 MW solar power plant in Suzhou City, Anhui Province, China [1]

Core Viewpoint - Jiangshan Holdings (00295.HK) announced a financing lease agreement involving its indirect wholly-owned subsidiary Lingbi Yongji, with a total consideration of RMB 52 million for leasing assets [1] Group 1 - The financing lease agreement was established between Lingbi Yongji (as the lessee) and Zhejiang Yin Leasing (as the lessor) [1] - The lease term is set for 10 years, during which the ownership of the leased assets will belong to Zhejiang Yin Leasing [1] - At the end of the lease term or upon early termination of the financing lease agreement, ownership of the leased assets will transfer to Lingbi Yongji after the payment of all amounts due under the agreement and a symbolic price of RMB 100 [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分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 KONG SUN HOLDINGS LIMITED 江 山 控 股 有 限 公 司 （股份代號： 295） （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） 須予披露交易 融資租賃安排 融資租賃協議 於二零二五年十月二十七日，靈璧永基（作為承租人）與浙銀租賃（作為出租人）訂立融 資租賃協議，據此，浙銀租賃將向靈璧永基購買租賃資產，總代價為人民幣52,000,000 元。租賃資產其後出租予靈璧永基，租期為10年。融資租賃協議項下之租賃資產之擁有 權將於租賃期內歸屬於浙銀租賃。於租賃期末或融資租賃協議提前終止時，以及待靈璧 永基支付(i)融資租賃協議項下所有應付金額；及(ii)租賃資產象徵式代價人民幣100元後， 租賃資產之擁有權將歸屬於靈璧永基。 上市規則的涵義 由於上市規則第14.07條所載有關融資租賃協議之最高適用百分比率為5%或以上但低於 25%，故根據上市規則第14章，訂立融資租賃協議構成本公 ...

Core Viewpoint - Jiangshan Holdings (00295.HK) announced the resignation of non-executive director Wu Zhenzhou due to personal career development needs, effective October 16, 2025 [1] Company Summary - Wu Zhenzhou has submitted his resignation as a non-executive director of Jiangshan Holdings [1] - The resignation is attributed to personal career development needs [1] - The effective date of the resignation is set for October 16, 2025 [1]

Core Points - Jiangshan Holdings (00295) announced that Mr. Wu Zhenzhou has submitted his resignation as a non-executive director due to personal career development needs, effective October 16, 2025 [1] Summary by Category - **Company Announcement** - Jiangshan Holdings disclosed the resignation of Mr. Wu Zhenzhou as a non-executive director [1] - The resignation is attributed to Mr. Wu's personal career development needs [1] - The effective date of the resignation is set for October 16, 2025 [1]

Core Viewpoint - Jiangshan Holdings (00295) announced the resignation of Mr. Wu Zhenzhou as a non-executive director due to personal career development needs, effective October 16, 2025 [1] Summary by Relevant Sections - **Company Announcement** - Jiangshan Holdings has disclosed the resignation of Mr. Wu Zhenzhou from his position as a non-executive director [1]

KONG SUN HOLDINGS LIMITED 江 山 控 股 有 限 公 司 （股份代號： 295） （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） 董事名單與其角色和職能 江山控股有限公司董事會（「董事會」）成員載列如下。 執行董事 華民先生 李果先生 劉鶯女士 非執行董事 蔣恆文先生 （主席） 孫益文女士 唐健先生 唐映紅女士 董事會設有三個委員會。下表提供各董事會成員於該等委員會中擔任的職位。 | | 董事會 | | | | --- | --- | --- | --- | | 董事 | 審核委員會 | 提名委員會 | 薪酬委員會 | | 華民先生 | | | | | 李果先生 | | | | | 劉鶯女士 | | | | | 蔣恆文先生 | | | | | 孫益文女士 | C | M | M | | 唐健先生 | M | M | C | | 唐映紅女士 | M | C | 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 香港，二零二五年十月十六日 獨立非執行董事 ...