Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 1,463,562, a decrease of 1.2% compared to HKD 1,481,802 in 2024[3] - Gross profit increased by 3.8% to HKD 225,355 from HKD 217,024 in the previous year[3] - Loss attributable to equity holders of the company improved by 54.5%, reducing to HKD 27,907 from HKD 61,306 in 2024[3] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 31.9% to HKD 91,142 from HKD 69,079[3] - Basic loss per share decreased to HKD 3.12 from HKD 6.86, reflecting a 54.5% improvement[3] - Total comprehensive loss for the year was HKD 8,765, significantly reduced from HKD 77,847 in the previous year[6] - The reported segment profit for 2025 is HKD 12,284,000, a significant recovery from a loss of HKD 19,062,000 in 2024[22] - The company reported a pre-tax loss of HKD 23,563,000 for 2025, an improvement from a loss of HKD 51,609,000 in 2024[22] - Total depreciation and amortization expenses for 2025 were HKD 94,608,000, down from HKD 100,735,000 in 2024, reflecting a reduction of approximately 6.3%[22] - Financing costs decreased to HKD 12,242,000 in 2025 from HKD 12,866,000 in 2024, a reduction of about 4.8%[26] Assets and Liabilities - Non-current assets totaled HKD 879,975, an increase from HKD 863,191 in 2024[7] - Current assets decreased to HKD 998,588 from HKD 1,025,106 in the previous year[7] - Total liabilities decreased to HKD 603,251 from HKD 623,231, indicating improved financial stability[8] - Trade receivables decreased to HKD 429,918,000 in 2025 from HKD 490,529,000 in 2024[30] - Trade payables totaled HKD 242,426,000 in 2025, compared to HKD 286,419,000 in 2024[33] - The group reported a net cash position of HKD 73,848,000, an increase from HKD 36,003,000 in 2024[51] - The group's interest-bearing borrowings amounted to approximately HKD 202,956,000, slightly down from HKD 203,896,000 in 2024[51] - The net current assets were approximately HKD 395,337,000, compared to HKD 401,875,000 in 2024, with a current ratio of 1.7[52] Revenue by Segment - Revenue from the Chinese market (excluding Hong Kong) increased to HKD 881,567,000 in 2025, up from HKD 744,297,000 in 2024, marking a growth of approximately 18.4%[23] - Major customer revenue from the plastic segment decreased to HKD 346,830,000 in 2025 from HKD 469,177,000 in 2024, a decline of about 26.1%[24] - Revenue from the U.S. market decreased to HKD 427,875,000 in 2025 from HKD 543,491,000 in 2024, a decline of approximately 21.3%[23] - The magnesium alloy segment experienced significant growth, with revenue increasing by 34.3% to HKD 621,416,000, up from HKD 462,578,000 in 2024, accounting for approximately 42.5% of total revenue[38] - The plastic segment's revenue declined by approximately 17.8% to HKD 559,525,000, down from HKD 680,556,000 in 2024, while segment profit rose to HKD 25,185,000 from HKD 5,607,000[40] - The aluminum alloy business revenue decreased by approximately 17.9% year-on-year to HKD 199,202,000, contributing about 13.6% to the group's overall revenue in 2025, down from 16.4% in 2024[41] - Zinc alloy business revenue increased by approximately 25.5% to HKD 61,376,000, accounting for about 4.2% of the group's total revenue in 2025, up from 3.3% in 2024[42] - Other businesses saw a significant revenue decline of approximately 53.3% to HKD 22,043,000[43] Corporate Governance and Management - The company has temporarily appointed Mr. Li Yuanfa as CEO effective from December 31, 2024, following the resignation of Mr. Chu Weimin, which deviates from the corporate governance code C.2.1[66] - The Audit Committee, established in June 2007, is responsible for reviewing financial reports and overseeing the appointment and remuneration of independent auditors[68] - The Nomination Committee, also formed in June 2007, evaluates the board's structure and composition annually and recommends qualified candidates for directorship[69] - The Remuneration Committee, established in June 2007, provides recommendations on the remuneration policies for directors and senior management[70] - The Risk Management Committee was established in October 2020 to monitor and review risk management processes and internal controls[71] - The company has adopted the "Standard Code for Securities Transactions by Directors of Listed Issuers" and confirmed compliance for the fiscal year ending December 31, 2025[72] - The Audit Committee has reviewed the audited consolidated financial statements for the year ending December 31, 2025[73] - The board consists of four executive directors and four independent non-executive directors as of the announcement date[75] Future Outlook and Market Trends - The global economy is expected to grow at a moderate rate of 3.3% in 2026, with China's GDP growth target set between 4.5% and 5.0%[44] - The demand for magnesium alloys in the automotive sector is projected to grow significantly, with potential demand reaching 5.12 million tons by 2030, reflecting a compound annual growth rate of approximately 32%[47] - The lightweight materials market for low-altitude economy is expected to reach approximately RMB 1.5 trillion by the end of 2025, with significant growth anticipated in the drone and electric vertical takeoff and landing aircraft sectors[48] - The humanoid robot market in China is accelerating, with a single robot requiring about 12 kg of magnesium alloy, indicating a substantial increase in potential demand as production scales up[49] - The company is developing a new generation of high thermal conductivity magnesium alloys for the rapidly growing artificial intelligence personal computer market, successfully applied in Lenovo's ThinkPad X1 Carbon Aura AI[46] - The company is actively exploring solutions for effective thermal management in high-density computing environments, addressing challenges posed by modern high-power GPUs and accelerators[46] Capital Management - The company did not recommend a final dividend for the fiscal year ending December 31, 2025[34] - The group has not declared a final dividend for the year ended December 31, 2025, maintaining a conservative approach to capital retention[61] - There were no significant investments, acquisitions, or disposals during the year ended December 31, 2025[56] - The group has not engaged in any buybacks or sales of its listed securities during the year[63] - The group has not established any financial instruments for hedging foreign exchange risks but is monitoring its exposure[53] Employee and Operational Metrics - The group has approximately 4,288 full-time employees as of December 31, 2025, down from 4,550 in 2024[58] - The company has invested in upstream magnesium deep processing in Shaanxi, China, establishing a vertically integrated supply chain to ensure stable and high-quality raw material supply[45] - The group has entered into an agreement to acquire 40% equity in a company for a cash consideration of RMB 14.3 million[57]

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。 承董事會命 嘉瑞國際控股有限公司 主席及行政總裁 李遠發 香港，二零二六年三月十八日 於本公告日期，董事會成員包括四名執行董事，即李遠發先生、黃永銓先生、陳素華女士及 陳善榮工程師，及四名獨立非執行董事，即孫啟烈教授 BBS, JP 、盧偉國博士工程師， GBS, MH, JP 、 江啟銓先生及鄧觀瑤先生。 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 822) 董事會召開日期 嘉瑞國際控股有限公司（「本公司」）董事會（「董事會」）謹此宣布，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）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考慮派發 末期股息（如有）。 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 ...

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，概不就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。 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：822） 須予披露交易 — 收購一間附屬公司少數股權 收購事項 於二零二六年三月十七日（交易時段後），買方（本公司之間接全資附屬公司）與賣 方就收購目標公司40%的股權訂立協議，總現金代價為人民幣1,430萬元。 上市規則的涵義 由於收購事項根據上市規則的最高適用百分比率超過5%但低於25%，故收購事 項構成本公司之須予披露交易，並須遵守上市規則第14章項下之申報及公告規 定。 收購事項 於二零二六年三月十七日（交易時段後），買方（本公司間接全資附屬公司）與賣方訂 立協議，據此，賣方同意出售，而買方同意收購目標公司40%的股權，總現金代價 為人民幣1,430萬元。倘收購事項落實，於完成後，目標公司將成為本公司間接全資 附屬公司。 協議的主要條款 日期：二零二六 ...

FF301 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: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年3月2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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底 ...

FF301 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: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年2月2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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底 ...

FF301 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12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: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年1月5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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | ...

致：香港交易及結算所有限公司 公司名稱: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年12月1日 FF301 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11月30日 狀態: 新提交 | 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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額 ...

FF301 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: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年11月3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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | ...

FF301 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 呈交日期: 2025年10月2日 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | ...

Core Viewpoint - The company, 嘉瑞国际 (00822.HK), announced a proposal to adopt a new share option plan and a new share award plan while terminating the existing share option plan, pending approval from shareholders at a special meeting [1] Summary by Relevant Sections Share Option Plan - The board has resolved to propose the adoption of a new share option plan and a new share award plan [1] - The existing share option plan can be terminated at any time by a resolution at the shareholders' meeting, but the terms of the existing plan will remain effective for options granted prior to termination [1] Current Share Options - As of the announcement date, there are 36,960,000 share options granted under the existing plan that have not yet been exercised [1] - The board does not intend to grant any further share options under the existing plan from the announcement date until the special shareholders' meeting [1]