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8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: 北方礦業股份有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 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) | 00433 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 25,000,000,000 | HKD | | 0.02 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 25,000,000,000 | HKD | | 0.02 | HKD | | 500,000,000 | 本月 ...

Core Viewpoint - Northern Mining (00433) reported a significant increase in revenue and profit for the six months ending June 30, 2025, primarily driven by increased sales of molybdenum concentrate and a recovery in mining operations [1] Financial Performance - The company achieved revenue of HKD 926 million, representing a year-on-year increase of 49% [1] - Profit attributable to shareholders was HKD 70.137 million, a turnaround from a loss of HKD 58.543 million in the same period last year [1] - Basic earnings per share were HKD 0.56 [1] Operational Highlights - The increase in revenue was mainly due to higher sales volumes of molybdenum concentrate [1] - The recovery of the mining business led to significant improvements in capacity and operational efficiency [1] - The stabilization of mining operations had a major positive impact on the overall performance of the group [1]

Core Viewpoint - North Mining (00433) reported a significant increase in revenue and profit for the six months ending June 30, 2025, primarily driven by increased sales of molybdenum concentrate and a recovery in mining operations [1] Financial Performance - The company achieved revenue of HKD 926 million, representing a year-on-year increase of 49% [1] - Profit attributable to owners amounted to HKD 70.137 million, a turnaround from a loss of HKD 58.543 million in the same period last year [1] - Basic earnings per share were HKD 0.0056 [1] Operational Highlights - The increase in revenue was mainly due to a rise in the sales volume of molybdenum concentrate [1] - The recovery of mining operations led to significant improvements in capacity and operational efficiency [1] - The stabilization of mining operations had a major positive impact on the overall performance of the group [1]

Group 1 - The company reported a revenue of HKD 926 million for the six months ending June 30, 2025, representing a year-on-year increase of 49% [1] - Gross profit reached HKD 302 million, showing a significant year-on-year increase of 3618.7% [1] - The profit attributable to the company's owners was HKD 70.137 million, a turnaround from a loss of HKD 58.543 million in the same period last year [1] - Basic earnings per share were HKD 0.56 [1]

[Company Information and Report Overview](index=1&type=section&id=%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF%E4%B8%8E%E6%8A%A5%E5%91%8A%E6%A6%82%E8%A7%88) This section covers the company's fundamental details, report preparation, going concern status, and accounting policy changes [Company Basic Information](index=1&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) North Mining Shares Company Limited (Stock Code: 433) announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025 - Company name: **North Mining Shares Company Limited** (Stock Code: **433**)[2](index=2&type=chunk) - This announcement presents the unaudited condensed consolidated interim results for the six months ended June 30, 2025[3](index=3&type=chunk) [Basis of Preparation](index=6&type=section&id=%E6%8A%A5%E5%91%8A%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The report is prepared in accordance with HKAS 34 'Interim Financial Reporting' and the Listing Rules, adopting the same accounting policies as the 2024 annual consolidated financial statements - The report is prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the Hong Kong Institute of Certified Public Accountants and the Listing Rules of the Stock Exchange[10](index=10&type=chunk) - The report adopts the same accounting policies as those applied in the annual consolidated financial statements for the year ended December 31, 2024[10](index=10&type=chunk) [Going Concern Assumption](index=7&type=section&id=%E6%8C%81%E7%BB%AD%E7%BB%8F%E8%90%A5%E5%81%87%E8%AE%BE) Despite significant uncertainties regarding net current liabilities and net liabilities, the Board believes the Group can continue as a going concern by enhancing working capital management, seeking additional funding, and recovering mining operations - As of June 30, 2025, the Group recorded a net profit of approximately **HKD 105,848,000**, but faced net current liabilities of approximately **HKD 1,330,087,000** and net liabilities of approximately **HKD 479,123,000**, indicating significant going concern uncertainties[11](index=11&type=chunk) - The Board has implemented measures, including close monitoring of expenditures, seeking additional funding, and resuming mining operations, to ensure the Group can meet its financial obligations over the next 12 months, thus preparing financial statements on a going concern basis[12](index=12&type=chunk)[13](index=13&type=chunk) [Changes in Accounting Policies](index=8&type=section&id=%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%98%E5%8A%A8) Revised Hong Kong Financial Reporting Standards were adopted for the first time this period, with no material impact on the Group's performance, financial position, or disclosures - Hong Kong Accounting Standard 21 (Revised) 'Lack of Exchangeability' was adopted for the first time during this interim period[14](index=14&type=chunk)[15](index=15&type=chunk) - This revision had no material impact on the Group's results, financial position, and/or disclosures[15](index=15&type=chunk) [Financial Performance](index=2&type=section&id=%E8%B4%A2%E5%8A%A1%E4%B8%9A%E7%BB%A9) This section presents the Group's condensed consolidated financial statements, including income, financial position, revenue, other income, finance costs, and earnings per share [Condensed Consolidated Income Statement](index=2&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E6%8D%9F%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group achieved revenue of **HKD 925,762 thousand**, gross profit of **HKD 302,035 thousand**, and a net profit of **HKD 105,848 thousand**, primarily driven by the full recovery of mining operations Key Data from Condensed Consolidated Income Statement (For the six months ended June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 925,762 | 621,311 | +49.00% | | Cost of sales | (623,727) | (613,189) | +1.72% | | Gross profit | 302,035 | 8,122 | +3618.69% | | Operating profit/(loss) | 137,720 | (68,268) | Turned to profit | | Profit/(loss) before tax | 132,336 | (99,790) | Turned to profit | | Profit/(loss) for the period | 105,848 | (99,790) | Turned to profit | | Attributable to owners of the Company | 70,137 | (58,543) | Turned to profit | | Attributable to non-controlling interests | 35,711 | (41,247) | Turned to profit | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5%E8%A1%A8) As of June 30, 2025, total assets slightly increased to **HKD 1,561,016 thousand**, but the Group still faces negative equity with total liabilities of **HKD 2,040,139 thousand** and net current liabilities of **HKD 1,330,087 thousand** Key Data from Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total assets | 1,561,016 | 1,538,265 | +1.48% | | Total equity | (479,123) | (570,868) | Loss narrowed | | Total liabilities | 2,040,139 | 2,109,133 | -3.27% | | Net current liabilities | 1,330,087 | 1,488,805 | -10.66% | | Cash and cash equivalents | 54,811 | 15,247 | +259.50% | | Mining rights | 484,451 | 526,860 | -8.05% | [Revenue Analysis](index=8&type=section&id=%E6%94%B6%E7%9B%8A%E5%88%86%E6%9E%90) For the six months ended June 30, 2025, total revenue increased by **49%** to **HKD 925,762 thousand**, primarily driven by **HKD 514,673 thousand** from mining operations (molybdenum concentrate sales), while chemical product sales declined Revenue Composition (For the six months ended June 30) | Revenue Source | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Sales of molybdenum concentrate | 514,673 | — | N/A | | Sales of chemical products | 410,935 | 621,311 | -33.86% | | Sales of aluminum products | 154 | — | N/A | | **Total Revenue** | **925,762** | **621,311** | **+49.00%** | [Other Income, Gains and Losses](index=9&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E3%80%81%E6%94%B6%E7%9B%8A%E5%8F%8A%E4%BA%8F%E6%8D%9F) Other income significantly increased to **HKD 652 thousand**, mainly from government grants and byproduct sales, while amortization of mining rights of **HKD 56,847 thousand** was a primary loss item under other gains and losses Other Income (For the six months ended June 30) | Income Source | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Bank interest income | 24 | 34 | -29.41% | | Government grants | 323 | – | N/A | | Sales of by-products | 305 | – | N/A | | Miscellaneous income | – | 19 | -100% | | **Total** | **652** | **53** | **+1129.43%** | Other Gains and Losses (For the six months ended June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Amortization of right-of-use assets | (2,869) | (2,872) | | Amortization of mining rights | (56,847) | – | | Loss on disposal of property, plant and equipment | (215) | – | | **Total** | **(59,931)** | **(2,872)** | [Finance Costs and Taxation](index=12&type=section&id=%E8%9E%8D%E8%B5%84%E6%88%90%E6%9C%AC%E4%B8%8E%E7%A8%8E%E9%A1%B9) Finance costs significantly decreased to **HKD 5,384 thousand** due to reduced bank loan interest, while a tax expense of **HKD 26,488 thousand** was incurred, primarily for China corporate income tax Finance Costs (For the six months ended June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Interest on bank loans and other borrowings | 4,989 | 31,091 | -83.96% | | Interest expense on lease liabilities | 395 | 431 | -8.35% | | **Total** | **5,384** | **31,522** | **-82.91%** | Taxation (For the six months ended June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Deferred tax | 14,212 | – | | China corporate income tax | (40,700) | – | | **Total** | **(26,488)** | **–** | [Earnings Per Share and Dividends](index=13&type=section&id=%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9%E4%B8%8E%E8%82%A1%E6%81%AF) Basic earnings per share turned profitable at **HK 0.56 cents**, compared to a loss of **HK 0.47 cents** last year, with no interim dividend recommended by the Board Earnings Per Share (For the six months ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Basic earnings/(loss) per share (HK cents) | 0.56 | (0.47) | | Weighted average number of shares in issue | 12,511,640,397 | 12,511,640,397 | - The Board does not recommend the payment of an interim and/or final dividend for the six months ended June 30, 2025[24](index=24&type=chunk)[43](index=43&type=chunk) [Business Segment Performance](index=9&type=section&id=%E4%B8%9A%E5%8A%A1%E5%88%86%E9%83%A8%E8%A1%A8%E7%8E%B0) This section details the performance of the Group's mining, chemical product trading, and aluminum product trading segments [Operating Segment Overview](index=9&type=section&id=%E7%BB%8F%E8%90%A5%E5%88%86%E9%83%A8%E6%A6%82%E8%A7%88) The Group operates three main businesses: mining, chemical product trading, and aluminum product trading, with mining fully recovering to become the primary profit contributor, while chemical product trading faced losses Operating Segment Revenue and Results (For the six months ended June 30, 2025) | Segment | Revenue (HKD thousands) | Results (HKD thousands) | | :--- | :--- | :--- | | Mining operations | 514,673 | 172,418 | | Chemical product trading | 410,935 | (27,617) | | Aluminum product trading | 154 | (805) | | **Total** | **925,762** | **143,996** | Operating Segment Assets and Liabilities (As of June 30, 2025) | Segment | Assets (HKD thousands) | Liabilities (HKD thousands) | | :--- | :--- | :--- | | Mining operations | 1,238,145 | 873,860 | | Chemical product trading | 290,592 | 1,119,665 | | Aluminum product trading | 8,286 | 7,928 | | Unallocated | 23,993 | 38,686 | | **Total** | **1,561,016** | **2,040,139** | [Mining Operations](index=13&type=section&id=%E9%87%87%E7%9F%BF%E4%B8%9A%E5%8A%A1) Mining operations, primarily molybdenum concentrate extraction, fully recovered, contributing **HKD 514,673 thousand** in revenue and **HKD 292,156 thousand** in gross profit, with a **56.77%** gross margin, crucial for the Group's turnaround - The Group's mining operations primarily involve the extraction and exploration of molybdenum concentrate in China, produced from the molybdenum mine operated by Jiulong Mining Co Ltd in Luonan County, Shaanxi Province[27](index=27&type=chunk)[28](index=28&type=chunk)[33](index=33&type=chunk) Key Data for Mining Operations (For the six months ended June 30, 2025) | Indicator | Data | | :--- | :--- | | Molybdenum concentrate sales volume | Approximately 3,487 tonnes | | Molybdenum concentrate grade | Approximately 45%–50% | | Average selling price of molybdenum concentrate | Approximately HKD 128,380 per tonne | | Revenue from mining operations | Approximately HKD 514,673,000 | | Of which, revenue from sales of molybdenum concentrate | Approximately HKD 447,663,000 | | Of which, revenue from sales of sulfuric acid and iron concentrate | Approximately HKD 67,010,000 | | Gross profit | Approximately HKD 292,156,000 | | Gross profit margin | 56.77% | | Amortization of mining rights | Approximately HKD 56,847,000 | [Chemical Product Trading Business](index=16&type=section&id=%E5%8C%96%E5%B7%A5%E4%BA%A7%E5%93%81%E4%B9%B0%E5%8D%96%E4%B8%9A%E5%8A%A1) Chemical product trading, produced by Anhui Tongxin New Material Technology Co Ltd, saw revenue decline to **HKD 410,935 thousand** and recorded a segment loss of **HKD 27,617 thousand** - The chemical product trading business is operated by Anhui Tongxin New Material Technology Co Ltd, a non-wholly owned subsidiary of the Company[34](index=34&type=chunk) Key Data for Chemical Product Trading Business (For the six months ended June 30, 2025) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Segment revenue | 410,935 | 621,311 | -33.86% | | Segment loss | (27,617) | (32,595) | Loss narrowed | [Aluminum Product Trading Business](index=16&type=section&id=%E9%93%9D%E9%87%91%E5%B1%9E%E4%B9%B0%E5%8D%96%E4%B8%9A%E5%8A%A1) Aluminum product trading generated only **HKD 154 thousand** in revenue amid intense market competition, with the Group planning to expand this business despite limited resources - Revenue from aluminum product trading was approximately **HKD 154,000**, with no comparable revenue in the prior period[16](index=16&type=chunk)[35](index=35&type=chunk) - The Group plans to continue expanding its aluminum product trading business under limited resources and pressure to gain market share[35](index=35&type=chunk) [Management Discussion and Analysis](index=15&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section covers the Group's financial performance, post-period events, business outlook, liquidity, treasury policies, and human resources [Overall Financial Performance](index=15&type=section&id=%E6%95%B4%E4%BD%93%E8%B4%A2%E5%8A%A1%E8%A1%A8%E7%8E%B0) The Group achieved **HKD 925,762 thousand** in revenue, a **49%** increase, and turned profitable with **HKD 105,848 thousand** net profit, driven by increased molybdenum concentrate sales and mining business recovery Overall Financial Performance (For the six months ended June 30, 2025) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 925,762 | 621,311 | +49% | | Profit/(loss) for the period | 105,848 | (99,790) | Turned to profit | - Revenue growth was primarily due to increased sales volume of molybdenum concentrate products[32](index=32&type=chunk) - The profit for the period was mainly attributable to the full recovery of mining operations, with significant improvements in production capacity and operational efficiency[32](index=32&type=chunk) [Events After Reporting Period](index=16&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%90%8E%E4%BA%8B%E9%A1%B9) Post-reporting period, the Company successfully raised approximately **HKD 74,700,000** net proceeds from a new share placement, intended for bank loan repayment and general working capital - On August 18, 2025, the Company completed a subscription for new shares, issuing **2,490,500,000** new shares at a subscription price of **HKD 0.03** per share[36](index=36&type=chunk) - The net proceeds from the subscription, approximately **HKD 74,700,000**, will be used to repay bank loans and other borrowings under current liabilities, and for the Group's general working capital[36](index=36&type=chunk) [Business Outlook and Strategies](index=17&type=section&id=%E4%B8%9A%E5%8A%A1%E5%B1%95%E6%9C%9B%E4%B8%8E%E7%AD%96%E7%95%A5) Facing global economic uncertainties, the Group aims to enhance resilience through strategic management, core business development, and supply chain protection, while continuously investing in mining and chemical business efficiency and competitiveness - The Group aims to enhance resilience against macroeconomic headwinds through strategic management, developing and expanding its two core businesses, and establishing protective measures within the supply chain[37](index=37&type=chunk) - The Group will continue to improve investor relations management quality, considering investor concerns and suggestions to strengthen operational management and corporate governance[37](index=37&type=chunk) [Macroeconomic Outlook and Response](index=17&type=section&id=%E5%AE%8F%E8%A7%82%E7%BB%8F%E6%B5%8E%E5%B1%95%E6%9C%9B%E4%B8%8E%E5%BA%94%E5%AF%B9) The global economy is expected to face geopolitical, inflation, and financial tightening headwinds in H2 2025, with the Group enhancing resilience through strategic management and supply chain protection - The economic outlook for H2 2025 remains uncertain, with the global economy facing multiple macroeconomic headwinds including geopolitical tensions, inflation, and tightening financial conditions[37](index=37&type=chunk) - The Group will enhance resilience through strategic management, developing and expanding core businesses, and establishing protective measures in the supply chain to address shortages and rising operating costs[37](index=37&type=chunk) [Mining Business Outlook](index=17&type=section&id=%E9%87%87%E7%9F%BF%E4%B8%9A%E5%B1%95%E6%9C%9B) Mining operations successfully renewed their molybdenum mining license and plan further investment in production system upgrades for efficiency, safety, and environmental standards, anticipating continued growth in domestic molybdenum demand - Mining operations successfully renewed their molybdenum mining license and will further invest in upgrading production machinery systems to enhance efficiency, safety, and environmental standards[37](index=37&type=chunk) - Driven by China's environmental protection and supply-side reform policies, steel mill transformation will boost molybdenum demand, with the molybdenum market expected to remain favorable in H2 2025[38](index=38&type=chunk) [Chemicals Market Outlook](index=18&type=section&id=%E5%8C%96%E5%93%81%E5%B8%82%E5%9C%BA%E5%B1%95%E6%9C%9B) The chemicals market faces strict safety and environmental regulations, but the Group will continue investing in safety, cost control, and efficiency, while developing effective market strategies and exploring investment opportunities - Strict national safety and environmental regulations pose short-term operational pressure on the chemical manufacturing industry, but environmentally competitive enterprises will gain growth opportunities[39](index=39&type=chunk) - The Group will continue to invest in safety and environmental protection, strictly control costs, improve production efficiency, and formulate effective market strategies to address intense competition[39](index=39&type=chunk) - The Group will actively explore investment opportunities and expand mineral resources to broaden its revenue base, enhance financial performance, and improve profitability[39](index=39&type=chunk) [Liquidity and Capital Structure](index=19&type=section&id=%E6%B5%81%E5%8A%A8%E8%B5%84%E9%87%91%E4%B8%8E%E8%B5%84%E6%9C%AC%E7%BB%93%E6%9E%84) Net cash inflow significantly increased to **HKD 38,391 thousand**, and despite high net current liabilities, the current ratio improved, with the Group confident in repaying current liabilities Key Data for Liquidity and Capital Structure (As of June 30) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Net cash inflow (For the six months ended June 30) | 38,391 HKD thousands | 13,773 HKD thousands | +178.74% | | Current ratio | 0.29 | 0.24 | Improved | | Debt-to-capital ratio | Deficit of approximately 17.71 | Deficit of approximately 48.72 | Loss narrowed | - The Group is confident in having sufficient financial resources to fully repay its current liabilities[40](index=40&type=chunk) [Treasury Policy and Borrowings](index=20&type=section&id=%E5%BA%93%E5%8A%A1%E6%94%BF%E7%AD%96%E4%B8%8E%E5%80%9F%E6%AC%BE) The Group's primary business activities are denominated in HKD and RMB, with the Board perceiving no significant foreign exchange risk and no hedging or speculation activities undertaken; total bank loans and other borrowings slightly decreased - The Group's principal business activities are denominated in HKD and RMB, and the Board does not believe it faces any significant foreign exchange risk[45](index=45&type=chunk) - As of June 30, 2025, the Group had not used financial instruments for hedging purposes nor engaged in foreign exchange speculation activities[45](index=45&type=chunk) Bank Loans and Other Borrowings (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total bank loans and other borrowings | 420,272 | 426,731 | -1.51% | [Human Resources](index=20&type=section&id=%E4%BA%BA%E5%8A%9B%E8%B5%84%E6%BA%90) As of June 30, 2025, the Group's full-time employee count decreased to **613**, with remuneration policies based on market norms, individual qualifications, experience, and performance Number of Employees (As of June 30) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Number of full-time employees | 613 employees | 678 employees | -9.59% | - Employee remuneration is determined by reference to market norms, individual qualifications, relevant experience, and performance[47](index=47&type=chunk) [Corporate Governance](index=20&type=section&id=%E4%BC%81%E4%B8%9A%E7%AE%A1%E6%B2%BB) This section details the Company's corporate governance code compliance, board diversity, securities trading standards, and audit committee functions [Compliance with Corporate Governance Code](index=20&type=section&id=%E4%BC%81%E4%B8%9A%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%88%99%E9%81%B5%E5%AE%88%E6%83%85%E5%86%B5) The Company complied with all applicable provisions of the Corporate Governance Code, though the Chairman and CEO roles are combined, which the Company believes facilitates consistent leadership and timely decision-making - The Company has complied with all applicable provisions of the Corporate Governance Code set out in Appendix 14 of the Listing Rules[48](index=48&type=chunk) - Mr Yang Yingmin holds both the Chairman and Chief Executive Officer positions, which the Company believes facilitates consistent leadership and timely decision-making[48](index=48&type=chunk) [Board Diversity Policy](index=21&type=section&id=%E8%91%A3%E4%BA%8B%E4%BC%9A%E6%88%90%E5%91%98%E5%A4%9A%E5%85%83%E5%8C%96%E6%94%BF%E7%AD%96) The Company has established a Board Diversity Policy, reviewed annually for effectiveness, and is committed to regularly reviewing and improving corporate governance practices - The Company has adopted a Board Diversity Policy to achieve diversity among its Board members[49](index=49&type=chunk) - The Board reviews this policy annually to ensure its effectiveness and regularly reviews and improves corporate governance practices[49](index=49&type=chunk) [Standard Code for Securities Transactions](index=21&type=section&id=%E8%AF%81%E5%88%B8%E4%BA%A4%E6%98%93%E6%A0%87%E5%87%86%E5%AE%88%E5%88%99) The Company adopted the Standard Code for Securities Transactions as per Appendix 10 of the Listing Rules, confirming full compliance by all directors during the reporting period - The Company has adopted the Standard Code for Securities Transactions set out in Appendix 10 of the Listing Rules[50](index=50&type=chunk) - Upon enquiry, all Directors fully complied with the requirements of the Standard Code for the six months ended June 30, 2025[50](index=50&type=chunk) [Audit Committee](index=21&type=section&id=%E5%AE%A1%E6%A0%B8%E5%A7%94%E5%91%98%E4%BC%9A) The Audit Committee, comprising three independent non-executive directors, reviews financial statements, financial reporting systems, risk management, and internal control systems, and has reviewed the Group's interim results - The Audit Committee comprises three independent non-executive directors: Mr Shi Wenhao, Mr Shen Mingjie, and Mr Feng Jiawei[51](index=51&type=chunk) - The Audit Committee is responsible for reviewing financial statements, assessing the effectiveness of financial reporting, risk management, and internal control systems, and has reviewed the Group's interim results for the six months ended June 30, 2025[51](index=51&type=chunk) [Other Information](index=22&type=section&id=%E5%85%B6%E4%BB%96%E4%BF%A1%E6%81%AF) This section covers the publication of interim results and the composition of the Board of Directors [Publication of Interim Results](index=22&type=section&id=%E4%B8%AD%E6%9C%9F%E4%B8%9A%E7%BB%A9%E5%88%8A%E5%8F%91) The interim results announcement is available on the HKEX and Company websites, with the full interim report to be dispatched to shareholders and published online in due course - The results announcement is published on the HKEX website (www.hkex.com.hk) and the Company's website (www.northmining.com.hk)[52](index=52&type=chunk) - The interim report, containing all information required by the Listing Rules, will be dispatched to shareholders and published on the aforementioned websites in due course[52](index=52&type=chunk) [Board of Directors](index=22&type=section&id=%E8%91%A3%E4%BA%8B%E4%BC%9A%E6%88%90%E5%91%98) As of the announcement date, the Board comprises five executive directors and three independent non-executive directors, with Mr Yang Yingmin serving as Chairman - The Board includes executive directors Mr Yang Yingmin, Mr Qian Yidong, Mr Huang Zhidan, Mr Shen Jian, and Ms Qian Siqun[53](index=53&type=chunk) - Independent non-executive directors include Mr Shi Wenhao, Mr Shen Mingjie, and Mr Feng Jiawei[53](index=53&type=chunk) - Mr Yang Yingmin serves as the Chairman of the Company[53](index=53&type=chunk)

Core Viewpoint - Northern Mining (00433) anticipates a significant turnaround in financial performance, projecting an unaudited net profit attributable to shareholders of approximately HKD 70 million in the first half of 2025, compared to an expected unaudited net loss of about HKD 59 million in the first half of 2024 [1] Financial Performance Summary - The company expects to achieve an unaudited net profit of around HKD 70 million in H1 2025 [1] - In contrast, the company is forecasting an unaudited net loss of approximately HKD 59 million for H1 2024 [1]

Group 1 - The company, Northern Mining (00433.HK), announced an expected net profit of approximately 70 million HKD for the period ending June 30, 2025 [1] - In contrast, the company recorded an unaudited net loss attributable to shareholders of about 59 million HKD for the six months ending June 30, 2024 [1]

Core Viewpoint - Northern Mining (00433) expects to achieve an unaudited net profit attributable to shareholders of approximately HKD 70 million in the first half of 2025, contrasting with an anticipated unaudited net loss of approximately HKD 59 million in the first half of 2024 [1] Financial Performance - The company forecasts a significant turnaround in financial performance, moving from a projected loss in 2024 to a profit in 2025 [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，概不對因本公佈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。 NORTH MINING SHARES COMPANY LIMITED 北方礦業股份有限公司 （於百慕達註冊成立之有限公司 ） （股份代號：433） 預期本集團本期間錄得本公司股東應佔未經審核純利約七千萬港元，而截至 二零二四年六月三十日止六個月則錄得本公司股東應佔未經審核淨虧損約 五千九百萬港元。 本公司股東及潛在投資者於買賣本公司證券時務須審慎行事。 承董事會命 北方礦業股份有限公司 主席 楊英民 香港，二零二五年八月二十二日 於本公佈日期，本公司董事會包括執行董事楊英民先生、錢一棟先生、黃志丹先生、沈健先 生及錢斯群女士；及獨立非執行董事石文豪先生、沈鳴杰先生及馮嘉偉先生。 有關 正面盈利預告 之補充公佈 茲提述北方礦業股份有限公司（「本公司」），連同其附屬公司，統稱（「本集團」） 日期為二零二五年八月二十日之公佈，內容有關正面盈利預告之內幕消息公 佈（「該公佈」）。除文義另有所指外，本補充公佈所 ...

Group 1 - The company, Northern Mining (00433), expects to achieve a net profit for the six months ending June 30, 2025, compared to a net loss in the same period last year [2] - The company anticipates that its revenue for the current period will increase by no less than 45% compared to the same period last year [2] - The positive performance is primarily attributed to the full recovery of mining operations, leading to significant improvements in capacity and operational efficiency, which in turn has transformed financial results from loss to profit [2]