CHINA SILVER GROUP LIMITED 中國白銀集團有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號 : 815) N O T I F I C A T I O N L E T T E R 通 知 信 函 26 March 2026 Dear Non-registered Shareholders(Note 1) , 1. Notice of Publication of Circular and Notice for the Extraordinary General Meeting (the "Current Corporate Communications") Under the Listing Rules, the Company is no longer required to notify Non-registered Shareholders of the publication of Corporate Communications o ...

CHINA SILVER GROUP LIMITED 中國白銀集團有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號 : 815) N O T I F I C A T I O N L E T T E R 通 知 信 函 Dear registered shareholders, 1. Notice of Publication of Circular, Notice and Proxy Form for the Extraordinary General Meeting (the "Current Corporate Communications") The Current Corporate Communications of China Silver Group Limited (the "Company") have been published in English and Chinese languages and are available on the ...

（股份代號：815） 代表委任表格 於二零二六年四月十日下午二時正假座香港上環干諾道中168-200號信德中心招商局大廈17樓05室 舉行的股東特別大會（或其任何續會）上股東使用的代表委任表格 CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （於開曼群島註冊成立的有限公司） | | | 普通決議案 | 贊成 | （附註d） | 反對 | （附註d） | | --- | --- | --- | --- | --- | --- | --- | | 1. | (a) | 批准、確認及追認本公司（作為發行人）與認購協議中各認購人分別就按認購價每股 | | | | | | | | 認購股份0.51港元發行及配發本公司股本中每股面值0.01港元之合共910,000,000股 | | | | | | | | 新普通股（「認購股份」）訂立之各日期為二零二六年二月十三日的認購協議（「認購協 | | | | | | | | 議」）及其項下擬進行的交易及所有其他附帶或相關事宜。 | | | | | | | (b) | 授予本公司董事（「董事」）特別授權（「特別授權」），配發及發行認購股份，該特別授 | ...

CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （於開曼群島註冊成立的有限公司） 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。 （股份代號：815） 股東特別大會通告 茲通告中國白銀集團有限公司（「本公司」）謹訂於二零二六年四月十日（星期 五）下午二時正假座香港上環干諾道中168-200號信德中心招商局大廈17樓05 室舉行股東特別大會（「股東特別大會」），以考慮並酌情通過（不論有否修訂） 下列決議案： 普通決議案 「動議： (a) 批准、確認及追認中國白銀集團有限公司（「本公司」）（作為發行人）與認 購協議中各認購人分別就按認購價每股認購股份0.51港元發行及配發本 公司股本中每股面值0.01港元之合共910,000,000股新普通股（「認購股份」） 訂立之各日期為二零二六年二月十三日的認購協議（「認購協議」）及其項 下擬進行的交易（包括配發及發行認購股份）及所有其他附帶或相關事宜 （視情況而定）； 1 承董事會命 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢持牌證券交易商、註冊證券機 構、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全部中國白銀集團有限公司證券，應立即將本通函連同隨附的相 關代表委任表格，送交買主或承讓人或經手出售或轉讓的銀行、持牌證券商、註冊證券機構 或其他代理，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，並明確表示概不就因本通函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。 本通函僅供參考，並不構成收購、購買或認購中國白銀集團有限公司證券的邀請或要約。 CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （股份代號：815） 根據特別授權認購新股份 及 股東特別大會通告 本封面頁所用詞彙與本通函「釋義」一節所界定者具有相同涵義。 董事會函件載於本通函第5至21頁。 本公司謹訂於二零二六年四月十日（星期五）下午二時正假座香港上環干諾道中168-200號信德中心 招商局大廈17樓05室舉行股東特別大會或其任何續會 ...

Group 1: Stock Market Movements - China Merchants Energy (01138) fell over 5%, currently down 4.09%, as the company assesses safety conditions regarding its vessels in the Strait of Hormuz [1] - Shenzhen Expressway (00548) dropped over 9%, currently down 7.86%, after reporting 2025 revenue of approximately 9.264 billion yuan, a 0.2% year-on-year increase, and a net profit of about 1.149 billion yuan, up 0.38% [1] - Television Broadcasts (00511) rose nearly 3% after announcing a 2025 revenue of 3.192 billion HKD, a 2.02% decrease, and a shareholder loss of 491 million HKD [2] - Chaoyun Group (06601) increased over 6%, currently up 4.07%, reporting a revenue of 1.988 billion yuan, a 9.24% year-on-year growth, and a net profit of 224 million yuan, up 9.98% [2] - Golden stocks fell again, with companies like Zijing Mining (02899) and Shandong Gold (01787) experiencing declines of 3.09% and 4.02% respectively, as spot gold prices dipped below 4500 USD [3] Group 2: Company Earnings and Forecasts - GSK Group (01285) surged over 40%, currently up 31.87%, after announcing an expected net profit of between 101.4 million and 111.1 million yuan for the year ending December 31, 2025, representing a year-on-year increase of approximately 210% to 230% [4] - Aoda Holdings (09929) fell over 12%, currently down 16.19%, reporting a revenue of 66.258 million HKD, a 27.75% decrease, and a net loss of 18.856 million HKD [5] - Peijia Medical (09996) rose nearly 4%, reporting a revenue of 713 million yuan, a 15.82% year-on-year increase, and a narrowed net loss [3] Group 3: Market Trends and Sector Performance - The pork concept stocks collectively declined, with COFCO Joycome (01610) down 3.57% as the average trading price of lean pigs fell below 10 yuan/kg, marking a 15-year low [3] - Semiconductor stocks saw a strong start, with Arm Holdings (ARM.US) rising 16.38% after announcing its entry into chip manufacturing, aiming for 15 billion USD in annual revenue within five years [8] - AI application software stocks collectively rose, with Braze (BRZE.US) increasing by 19.87% [8]

Financial Performance - For the year ended December 31, 2025, the group recorded revenue of approximately RMB 3,063.3 million, a decrease of about 26.3% compared to RMB 4,156.1 million in 2024[2] - The profit attributable to the owners of the company for the year was approximately RMB 586.3 million, a significant increase of about RMB 576.3 million or 5,783.3% compared to RMB 10.0 million in 2024[2] - Revenue from external customers in mainland China for the year 2025 was RMB 3,063,300, a decrease from RMB 4,156,144 in 2024[22] - The profit from the discontinued operations for the year 2025 is RMB 60,189,000, compared to RMB 3,677,000 in 2024[41] - The profit attributable to the company's owners decreased by approximately RMB 6.1 million or 32.6% from RMB 18.7 million in 2024 to RMB 12.6 million in 2025, due to reduced revenue and increased share-based payment expenses[111] Segment Performance - The gross profit margin improved due to rising silver prices, leading to an increase in gross profit and net profit for the manufacturing segment despite a decrease in revenue[4] - The jewelry retail business recorded a substantial increase in sales revenue from gold and silver products, benefiting from lower procurement costs and rising gold prices, resulting in a significant improvement in gross profit margin[4] - The manufacturing segment reported external sales revenue of approximately RMB 3,063.3 million for the year ended December 31, 2025, a decrease of about 26.3% compared to RMB 4,156.1 million for the year ended December 31, 2024[84] - The manufacturing segment's profit increased by approximately 32.4%, from about RMB 49.2 million in 2024 to approximately RMB 65.1 million in 2025, driven by higher silver prices[84] - The jewelry new retail business recorded sales of approximately RMB 487.0 million for the year ended December 31, 2025, a significant increase of about 209.0% compared to RMB 157.6 million in 2024[87] Assets and Liabilities - Total assets less current liabilities amounted to RMB 1,332.6 million as of December 31, 2025, compared to RMB 1,220.1 million in 2024[7] - The group’s current assets decreased significantly to RMB 658.9 million from RMB 1,819.3 million in 2024, primarily due to a reduction in inventory[7] - The group’s total equity attributable to the owners of the company increased to RMB 1,332.8 million from RMB 461.4 million in 2024[8] - The total liabilities related to the assets classified as held for sale amount to RMB 97,732,000[56] - Trade payables decreased from RMB 19,609,000,000 in 2024 to RMB 6,722,000,000 in 2025, indicating a significant reduction[60] Cash Flow and Financing - The company reported a net cash inflow from operating activities of RMB 184,235,000 for the discontinued operations in 2025[44] - The company reported a net cash outflow of RMB 174,000,000 from the sale of subsidiaries after accounting for cash and cash equivalents[59] - The company has secured bank credit facilities totaling RMB 142,000,000, with RMB 110,000,000 already utilized[66] - Bank and other borrowings decreased to approximately RMB 110.0 million in 2025 from RMB 400.9 million in 2024, with a net cash position reflected in a net debt-to-equity ratio of approximately -9.2%[114] - The financing costs for the year 2025 were RMB 4,534,000, slightly down from RMB 5,407,000 in 2024[43] Acquisitions and Investments - The company completed the sale of the Everest Gold Group, generating revenue of approximately RMB 537.2 million[4] - The company acquired a 35% stake in Jiangxi Yiding Trading Co., Ltd. for RMB 3,500,000, which holds 100% equity in Tibet Rikaze Huaye Mining Development Co., Ltd.[10] - The company completed the acquisition of 55% of Jiangxi Yiding Trading Co., Ltd. on July 18, 2025, reducing its indirect interest to 20%[38] - The company completed the acquisition of 100% equity in four target companies for a total consideration of RMB 80 million, aimed at securing office space for future business development[72] - The company completed the acquisition of 51% of Jiangxi Letong New Materials Co., Ltd. on August 21, 2024, which holds 100% of Tibet Longtian Yong Mining Co., Ltd. and has a mining exploration permit for an area of 28.88 square kilometers in Tibet[93] Shareholder and Corporate Governance - The basic earnings per share attributable to the owners of the company for the year was RMB 0.245, compared to RMB 0.005 in 2024[6] - The company did not declare or recommend any dividends for both 2024 and 2025[30] - The company has adopted a share incentive plan to motivate eligible employees, granting a total of 234,212,000 shares, representing 10% of the total shares issued at the plan's adoption date[120] - The board of directors consists of two executive directors and three independent non-executive directors, with ongoing reviews regarding the separation of the roles of chairman and CEO[129] - The audit committee has reviewed the financial reporting processes, risk management, and internal control systems of the group, ensuring compliance with applicable accounting standards and legal requirements[133] Market and Operational Strategy - The company’s operational focus remains on the manufacturing and trading of silver bars, palladium, and other non-ferrous metals in China[19] - The company aims to enhance its business development through the acquisition of assets related to lead-zinc mining exploration[69] - The company aims to enhance supply chain control through strategic acquisitions, including the recent purchases of Jiangxi Letong and Jiangxi Yiding, which are expected to create significant synergies with existing silver manufacturing and trading operations[99] - The silver market is expected to continue facing a structural supply shortage, providing a solid market foundation for the company's core business[96] - The company plans to strengthen its risk management system and closely monitor macroeconomic policies and market dynamics to achieve stable business development and value creation in a complex environment[100]

Group 1 - Pearl Holdings (01176) experienced a significant drop of over 33% during trading, currently down 25.64%, due to the inability of independent valuers and auditors to complete their valuation and audit work for the fiscal year 2025, affecting various financial aspects including investment properties and receivables [1] - Some gold stocks showed recovery, with Zijin Mining International (02259) up 6.89%, Lingbao Gold (03330) up 7.31%, and China Gold International (02099) up 2.59%, as the precious metals market rebounded after a sharp decline, with spot gold rising above $4,700 [1] - Paig BioPharma-B (02565) rose over 6% following the announcement of a strategic cooperation agreement with Shanghai Tengrui Pharmaceutical for the commercialization of its core product in mainland China [1] Group 2 - Crystal International (02232) saw a post-earnings decline of over 4%, currently down 2.03%, despite reporting revenues of $2.641 billion for the year ending December 31, 2025, a 6.95% increase year-on-year, and a profit attributable to shareholders of $225 million, up 12.05% [2] - Oil and gas stocks fell sharply, with Shandong Molong (00568) down 4.49% and Sinopec Oilfield Service (01033) down 4.81%, as international oil prices dropped sharply, with Brent crude down 3% to $100 [2] Group 3 - China Duty Free Group (01880) rose over 2% after announcing an agreement to acquire the entire issued share capital of DFS Cotai Limitada and related business assets from DFS Group, which is ultimately owned by LVMH [3] - Weisheng Holdings (03393) increased over 5% following a visit from the Hungarian ambassador, discussing cooperation opportunities in the energy digitalization sector [3] Group 4 - Bolecon Vision Cloud-B (02592) fell over 6%, hitting a new low since its listing, after announcing plans for clinical trials of its eye drop product for treating myopia, with the application for clinical trials submitted in December 2025 [4] - Jiaxin International Resources (03858) surged over 12%, currently up 10.65%, as tungsten concentrate prices rose significantly, reflecting a 124% increase since the beginning of the year [4] Group 5 - Aerospace Holdings (00031) dropped over 14% after issuing a profit warning, expecting a net loss of approximately HKD 270 million to 290 million for the year ending December 31, 2025, compared to a loss of HKD 83.85 million in 2024 [5] Group 6 - U.S. oil stocks saw a general increase, with Occidental Petroleum (OXY.US) up 2.06% and Chevron (CVX.US) up 1.42%, as analysts predict Brent crude prices could reach an average of $130 per barrel in Q2 and Q3 if energy infrastructure is attacked [6] - Tesla (TSLA.US) fell 3.18% following an investigation by the NHTSA into its "Full Self-Driving" system due to multiple accidents [6] Group 7 - Gold and silver stocks initially experienced a sharp decline but later rebounded, with Gold Fields (GFI.US) and AngloGold Ashanti (AU.US) seeing reduced losses after significant drops in spot gold and silver prices [7] - Alibaba (BABA.US) fell over 7% after reporting Q3 revenue of RMB 28.4843 billion, a 2% year-on-year increase, but a 67% decline in adjusted net profit [7]

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。 CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （於開曼群島註冊成立的有限公司） 2 (i) 就本集團的製造業務而言，儘管二零二五年財政年度的銷量及收入有所 減少，但由於二零二五年財政年度白銀價格較二零二四年財政年度上 升，使得淨利率上升，導致該分部二零二五年財政年度的淨利潤增加； (ii) 本集團珠寶新零售業務（由本公司前非全資附屬公司珠峰黃金集團有限 公司（股份代號：1815）（「珠峰黃金」）經營，誠如本公司日期為二零二五 年十二月三十一日的公告所披露，該公司已不再為本公司附屬公司）於 二零二五年財政年度錄得黃金及白銀產品銷售收入大幅增加。由於該分 部於二零二五年財政年度出售的黃金產品大部分為存貨，其採購成本較 低，配合二零二五年財政年度黃金價格的顯著上升，該分部的毛利率大 幅增長，令整體毛利增加。因此，該分部於二零二五年財政年度的淨利潤 預期較二零二四年財政年度大幅 ...

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。 1 本公司將適時刊發股東特別大會通函及通告。 承董事會命 CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：815） 公告 股東特別大會之 暫停辦理股份過戶登記手續期間 本公告乃根據香港聯合交易所有限公司證券上市規則第13.66條而作出。中國 白銀集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司股東特別 大會（「股東特別大會」）將於二零二六年四月十日（星期五）下午二時正假座香 港上環干諾道中168-200號信德中心招商局大廈17樓05室舉行。 本公司將於二零二六年四月二日（星期四）至二零二六年四月十日（星期五） （包括首尾兩日）暫停辦理股份過戶登記手續，期間不會辦理本公司股份過戶 登記。於二零二六年四月十日（星期五）名列於香港中央證券登記有限公司存 置之本公司股東名冊的股份持有人，有權出席股東特別大會並於會上投票。 ...