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 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00521 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 11,399,996,101 0 11,399,996,101 增加 / 減少 (-) 本月底結存 11,399,996,101 0 11,399,996,101 第 1 頁 共 10 頁 v 1.2.1 FF301 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | | --- | --- | | 已符合適用的公眾持股量要求（見下方） | ✔ | | 未符合適用的公眾持股量要求（見下方） | | | 根據《主板上市規則》第13.32B條或第19A.28B條 / 《GEM上市規則》第17.37B條或第25. ...

Financial Performance - CWT International Limited reported total revenue of HKD 46,621,655, an increase of 18.0% from HKD 39,363,662 in the previous year[3] - Gross profit for the year was HKD 1,962,979, reflecting a slight increase of 1.6% compared to HKD 1,931,046 in the prior year[3] - The company achieved a net profit of HKD 405,993, representing a 16.5% increase from HKD 348,307 in the previous year[5] - Basic and diluted earnings per share rose to HKD 3.26, up from HKD 2.67, marking a 22.1% increase[5] - The company reported a total revenue of HKD 46,143,503,000 for the fiscal year ending December 31, 2024, representing an increase from HKD 42,627,036,000 in the previous year, which is a growth of approximately 11.8%[26] - The company achieved a net profit of HKD 673,471,000 for the year, compared to HKD 402,892,000 in the previous year, reflecting a significant increase of approximately 67%[26] Revenue Segmentation - Revenue from the commodity trading and related services segment significantly increased to HKD 39,523,041,000 in 2025, up from HKD 32,108,541,000 in 2024, marking a growth of about 23.2%[17] - The logistics services segment generated revenue of HKD 1,509,471,000 in 2025, slightly down from HKD 1,528,768,000 in 2024, indicating a decrease of approximately 1.9%[17] - Revenue from financial services interest income decreased to HKD 402,892,000 in 2025 from HKD 477,768,000 in 2024, reflecting a decline of about 15.6%[17] - The company reported a significant increase in revenue from the China region, which rose to HKD 32,343,153,000 in 2025 from HKD 27,024,143,000 in 2024, an increase of approximately 19.5%[18] - The North America segment's revenue increased to HKD 627,663,000 in 2025, up from HKD 536,008,000 in 2024, representing a growth of about 17.1%[18] Assets and Liabilities - Total assets increased to HKD 27,621,235, a rise of 26.5% from HKD 21,870,424 in the previous year[6] - Current liabilities grew to HKD 24,705,322, an increase of 24.5% from HKD 19,783,347 in the previous year[7] - The company's net asset value reached HKD 5,481,742, up from HKD 4,905,448, indicating a growth of 11.7%[8] - Non-current assets totaled HKD 5,839,241, a slight increase from HKD 5,761,616 in the previous year[6] - Trade receivables amounted to HKD 5,086,914,000 in 2025, up from HKD 3,363,238,000 in 2024, marking an increase of about 51.1%[38] - Trade payables decreased to HKD 1,629,312,000 in 2025 from HKD 1,886,360,000 in 2024, a decline of approximately 13.6%[39] Operational Highlights - The cold chain logistics business demonstrated strong operational performance, solidifying its market leadership in Southeast Asia's premium wine storage ecosystem[47] - The mineral logistics and mixed services segment saw a 92.6% year-on-year increase in concentrate processing volume, driven by rising demand for copper and gold concentrates[50] - The company maintained a 100% warehouse utilization rate, with expectations for stable rental rates in the coming 12 months[46] - The logistics sector is experiencing rental pressure due to increased supply and tariff impacts, with expectations for rental recovery as demand stabilizes[46] - The company is focusing on operational optimization, customer expansion, and selective regional growth to enhance service capabilities and cost efficiency in 2026[50] Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development, aiming for a revenue target of HKD 5,433,096,000 for the upcoming fiscal year[26] - The company anticipates a continued upward trend in revenue growth, projecting a target of HKD 5,503,013,000 for the next fiscal year, which would represent a growth of approximately 1.7%[26] - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product portfolio in the coming years[26] - The company plans to focus on network expansion, product diversification, and organizational optimization in 2026 to address ongoing market challenges[52] Compliance and Governance - The company has complied with the corporate governance code as per the listing rules for the fiscal year ending December 31, 2025[74] - The company's auditor has issued a report on the financial statements for the year ending December 31, 2025, with no reservations or emphasis of matter noted[11] Market Conditions - The geopolitical tensions and policy uncertainties have led to increased operational costs and supply chain challenges, impacting overall profit margins[44] - The company is actively managing market volatility risks while seizing opportunities to optimize profitability amid a challenging market environment[45] - In the first half of 2025, shipping freight rates decreased compared to the same period in 2024, with rates dropping below pre-pandemic levels in August and September[51] - Straits Financial Group's financial services revenue decreased by 2.5% to HKD 1,076,363,000, while pre-tax profit slightly increased by 0.7% to HKD 200,120,000[56] Employee and Cost Management - The total employee cost for the year ending December 31, 2025, was HKD 1,536,042,000, compared to HKD 1,474,706,000 in 2024, reflecting a year-on-year increase of approximately 4.2%[68] - As of December 31, 2025, the total number of employees in the group, including joint ventures and associates, was 5,961, an increase from 5,936 in the previous year[68]

（於香港註冊成立之有限公司） （股份代號：521） 王侃 董事會召開日期 香港，二零二六年三月十八日 CWT International Limited（「本公司」）董事會（「董事會」）謹此宣佈， 本公司將於二零二六年三月三十日（星期一）舉行董事會會議，藉以（其中 包括）考慮及批准本公司及其附屬公司截至二零二五年十二月三十一日止年 度之全年業績及其刊發，並（如適當）考慮建議派發末期股息。 承董事會命 CWT INTERNATIONAL LIMITED 執行董事 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，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。 CWT INTERNATIONAL LIMITED 於本公告日期，董事會由王侃先生（執行董事兼主席）、趙權先生（執行董 事）、汪琪先生（執行董事）、尚多旭先生（執行董事兼行政總裁）、林健 鋒先生（獨立非執行董事）、劉憶霏女士（獨立非執行董事）及盧永仁博士 （獨立非執行董事）組成。 ...

FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00521 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 11,399,996,101 0 11,399,996,101 增加 / 減少 (-) 本月底結存 11,399,996,101 0 11,399,996,101 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: | 2026年2月28日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | CWT International Limited | | | | 呈交日期: | 2026年3月2日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17 ...

FF301 第 1 頁 共 10 頁 v 1.2.0 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: | 2026年1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: | CWT International Limited | | | | 呈交日期: | 2026年2月5日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00521 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 11,399,996,101 0 11,399,996,101 增加 / 減少 (-) 本月底結存 11,399, ...

Core Viewpoint - CWT International's subsidiary CWT Pte. Limited has entered into a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to enhance collaboration in logistics services, focusing on warehousing, cold chain operations, and transportation [1][2] Group 1: Collaboration Details - The memorandum, effective from January 8, 2026, outlines the intent for cooperation in various logistics services, including general cargo warehousing, cold storage, container transportation, and local delivery in Singapore [1] - The agreement is valid for two years and can be extended for an additional year upon mutual consent, although it is not legally binding except for certain confidentiality and dispute resolution clauses [1] Group 2: Strategic Benefits - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport, combined with CWT Pte.'s expertise in local warehousing and cold chain operations, to create a comprehensive local logistics service matrix [1] - The collaboration will focus on key areas in international logistics, such as air and sea transport, cross-border customs clearance, and multimodal transport, to expand market opportunities and enhance operational efficiency [2] - The board believes that this alliance will provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, offering a one-stop local and international logistics service that optimizes costs and reduces supply chain risks [2]

Group 1 - CWT International's subsidiary CWT Pte. Limited has signed a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd., effective from January 8, 2026, to establish a foundation for collaboration in logistics services [1] - The memorandum outlines cooperation in various areas, including general cargo warehousing, cold storage, container transportation, fleet leasing, local express services, and opportunities for further collaboration in air and sea transport [1] - The memorandum is valid for two years and can be extended for an additional year upon mutual agreement, although it is not legally binding except for certain confidentiality and dispute resolution clauses [1] Group 2 - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport, combined with CWT Pte.'s expertise in local warehousing, cold chain operations, and customs clearance services [2] - The collaboration is expected to enhance operational stability and flexibility while optimizing overall costs in local logistics services [2] - In international logistics, the focus will be on deepening cooperation in air and sea transport, cross-border customs clearance, and multimodal transport, aiming to expand market opportunities and improve business efficiency [2] Group 3 - The board believes that the collaboration will provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, offering a one-stop local and international logistics service [2] - Customers will benefit from improved cold chain support, expedited customs processes, reliable warehousing, and overall cost optimization, which will help reduce supply chain risks and enhance competitiveness [2] - The partnership is expected to create more value for shareholders through sustainable development and better responsiveness to market demand fluctuations [2]

Group 1 - CWT INT'L announced the effective date of a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to establish a collaborative framework for various logistics services [1] - The collaboration will include general cargo warehousing, cold storage operations, container transportation, local express services, and opportunities for further cooperation in air and sea logistics [1] - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport with CWT Pte.'s expertise in local warehousing and cold chain operations to enhance logistics service offerings [2] Group 2 - The collaboration is expected to create a comprehensive local logistics service matrix, improving operational stability, flexibility, and cost optimization [2] - The focus will be on key areas such as air and sea transport, cross-border customs clearance, and multimodal transport to deepen cooperation in international logistics [2] - The partnership is projected to deliver significant value to cross-border e-commerce, international trade, and supply chain enterprises, enhancing competitiveness and sustainable development [2]

Group 1 - CWT INT'L announced the effective date of a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to establish a collaborative framework for various logistics services [1] - The collaboration will include general cargo warehousing, cold storage operations, container transportation, local express services, and opportunities for further cooperation in air and sea logistics [1] - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport with CWT Pte.'s expertise in local warehousing and cold chain operations to enhance logistics service offerings [2] Group 2 - The collaboration is expected to create a comprehensive local logistics service matrix, improving operational stability, flexibility, and cost optimization [2] - The focus will be on key areas such as air and sea transport, cross-border customs clearance, and multimodal transport to deepen cooperation in international logistics [2] - The partnership is anticipated to provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, enhancing competitiveness and sustainable development [2]

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，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。 CWT INTERNATIONAL LIMITED （於香港註冊成立之有限公司） （股份代號：521） 自願性公告 有關建議合作備忘錄 本公告乃由 CWT International Limited（「本公司」，連同其附屬公司統稱 「本集團」）以自願性基準作出，以向本公司股東（「股東」）及潛在投資 者提供有關本集團最新業務發展之更新資料。 合作備忘錄 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二六年一月八 日，本公司間接全資附屬公司 CWT Pte. Limited（「CWT Pte.」）與獨立第三 方 S.F. Express (Singapore) Pte. Ltd.（「順豐新加坡」，CWT Pte.與順豐新加坡 以下單稱「一方」，合稱為「雙方」）訂立的合作備忘錄（「備忘錄」）正式 生效，雙方以確定各自的合作意向，並根據該內容中規定的條款和條件，建 立合作及協作的基礎，包括但不限於 ( ...