Core Viewpoint - China Power Energy Development Company Limited (00931) announced a stock option grant plan that involves issuing stock options to 57 qualified participants, representing approximately 5.41% of the total issued shares as of the announcement date [1][5] Group 1: Stock Option Plan - The company resolved to grant a total of 402 million stock options under its stock option plan adopted on August 30, 2019, to qualified participants [1][5] - The stock options will allow participants to subscribe for ordinary shares with a par value of HKD 0.02 each [1][5] Group 2: Executive Stock Options - The board of directors conditionally approved the grant of 1 billion stock options to the company's Executive Director and CEO, Mr. Deng Yaobo, representing approximately 13.45% of the existing issued share capital as of the announcement date [1][5] - After the full exercise of the stock options, the issued share capital will increase by approximately 11.85%, assuming no other changes in the company's share capital [1][5]

Core Viewpoint - China Power Energy Development Company Limited (China Power) announced a stock option grant plan that involves issuing a total of 402 million shares, representing approximately 5.41% of the total issued shares as of the announcement date [1] Group 1: Stock Option Plan - The company has resolved to offer stock options to 57 eligible participants under the stock option plan adopted on August 30, 2019 [1] - The stock options will allow participants to subscribe for a total of 402 million ordinary shares with a par value of HKD 0.02 each [1] Group 2: Executive Stock Options - On the grant date of January 13, 2026, the board of directors has conditionally resolved to grant 1 billion stock options to the company's executive director and CEO, Mr. Deng Yaobo [1] - These stock options will allow Mr. Deng to subscribe for a total of 1 billion ordinary shares, which represents approximately 13.45% of the company's existing issued share capital as of the announcement date [1] - After full exercise of the stock options, the issued share capital will increase by approximately 11.85%, assuming no other changes in the company's share capital [1]

Core Viewpoint - China Hong Kong Energy (00931.HK) announced a proposal to grant stock options to 57 eligible participants under its stock option plan adopted on August 30, 2019, allowing the subscription of a total of 402 million shares, representing approximately 5.41% of the total issued shares as of the announcement date, pending acceptance by the participants [1]. Group 1 - The company has resolved to offer stock options to 57 qualified participants [1] - The total number of shares involved in the stock option grant is 402 million [1] - The shares represent about 5.41% of the total issued shares as of the announcement date [1]

Core Viewpoint - China Port Energy (00931) announced a decision to grant stock options to 57 eligible participants under its stock option plan adopted on August 30, 2019, allowing for the subscription of a total of 402 million ordinary shares at a par value of HKD 0.02 each, representing approximately 5.41% of the total issued shares as of the announcement date [1] Group 1 - The company resolved to conditionally grant 1 billion stock options to its executive director and CEO, Mr. Deng Yaobo, for the subscription of a total of 1 billion ordinary shares at a par value of HKD 0.02 each, which represents about 13.45% of the existing issued share capital as of the announcement date [1] - Upon full exercise of the stock options, the issued shares would increase the company's total issued share capital by approximately 11.85%, assuming no other changes in the company's share capital [1] - The stock options for the director will be issued under special authorization [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 HK POWER SMART ENERGY GROUP LIMITED 中國港能智慧能源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：931） (1) 根據現有購股權計劃授出購股權 (2) 關連交易－根據特別授權授出購股權 本公告乃由中國港能智慧能源集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香 港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第17.06條及17.06A條以及第14A章 作出。 (1) 根據現有購股權計劃授出購股權 本公司董事（「董事」）會（「董事會」）宣佈，於二零二六年一月十三日（「授出日期」），本公司 已決議根據本公司於二零一九年八月三十日採納的購股權計劃（「購股權計劃」）向57名合資 格參與者（「計劃承授人」）提出授出購股權（「計劃購股權」）之要約，以認購本公司股本中合 共402,139,709股每股面值0.02港元之普通股 ...

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: 中國港能智慧能源集團有限公司 呈交日期: 2026年1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) | 00931 | 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 | | | 20,000,000,000 | HKD | | 0.02 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.02 | HKD | | 400,000,000 ...

(incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號: 931) CHINA HK POWER SMART ENERGY GROUP LIMITED 中國港能智慧能源集團有限公司 NOTIFICATION LETTER 通知信函 15 December 2025 Dear Non-Registered Holder (Note) , China HK Power Smart Energy Group Limited (the "Company") Notification of publication of Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications (Note) are available on the Company's website at h ...

CHINA HK POWER SMART ENERGY GROUP LIMITED 中國港能智慧能源集團有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號: 931) NOTIFICATION LETTER 通知信函 15 December 2025 Dear Registered Shareholder, China HK Power Smart Energy Group Limited (the "Company") Notification of publication of Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at https://chi ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 253,113,000, a slight increase from HKD 252,777,000 in the same period of 2024, representing a growth of 0.13%[7] - Gross profit decreased significantly to HKD 15,495,000 from HKD 40,789,000, indicating a decline of 62% year-over-year[7] - The company reported a loss before tax of HKD 72,634,000, compared to a loss of HKD 55,568,000 in the previous year, reflecting a deterioration of 30.7%[7] - Total comprehensive loss for the period was HKD 67,214,000, compared to a loss of HKD 57,766,000 in the same period last year, an increase of 16.8%[9] - The company’s net loss attributable to equity holders was HKD 70,809,000, compared to HKD 52,895,000 in the previous year, reflecting a 33.9% increase in losses[7] - The company reported a net loss of HKD 52,895,000 for the six months ended September 30, 2025, compared to a loss of HKD 70,809,000 for the same period in 2024[13] - The company recorded a total adjusted pre-tax loss of HKD 72,634,000 for the six months ended September 30, 2025, compared to a loss of HKD 55,568,000 in the same period of 2024[28] - The company reported a net loss of approximately HKD 72.8 million for the period, an increase of 27.6% compared to the previous period's loss of approximately HKD 57 million[102] Assets and Liabilities - Non-current assets increased to HKD 1,214,820,000 from HKD 1,174,954,000, showing a growth of 3.4%[10] - Current assets rose to HKD 557,589,000, up from HKD 528,445,000, marking a 5.5% increase[10] - Current liabilities totaled HKD 982,890,000, compared to HKD 935,504,000, an increase of 5.1%[12] - The company’s total equity increased to HKD 324,300,000 from HKD 238,393,000, representing a growth of 36%[12] - Total equity attributable to the owners of the company increased to HKD 293,078,000 as of September 30, 2025, from HKD 225,474,000 as of April 1, 2025, reflecting a growth of approximately 30%[15] - The company’s accumulated losses increased to HKD 605,684,000 as of September 30, 2025, from HKD 658,722,000 as of April 1, 2025[15] - The company’s interest-bearing bank and other borrowings totaled approximately HKD 640 million as of September 30, 2025, down from HKD 690 million as of March 31, 2025[104] - The debt-to-equity ratio improved significantly to 198.0% as of September 30, 2025, from 288.5% as of March 31, 2025, mainly due to the capitalization of HKD 140 million in shareholder loans[105] Cash Flow and Financing - Cash and cash equivalents increased to HKD 57,913,000 from HKD 37,269,000, a significant rise of 55.5%[10] - Cash and cash equivalents at the end of the period were HKD 57,913,000, a decrease from HKD 76,317,000 at the beginning of the period[16] - The company generated a net cash outflow from operating activities of HKD 37,832,000 for the six months ended September 30, 2025, compared to an outflow of HKD 11,204,000 for the same period in 2024[16] - The company’s financing activities generated a net cash inflow of HKD 92,745,000, compared to HKD 61,781,000 in the previous year[16] - The company raised HKD 150,925,000 through the issuance of new shares during the reporting period[15] Revenue Segmentation - The natural gas segment generated revenue of HKD 226,435,000, compared to HKD 219,418,000 in the previous year, reflecting a growth of approximately 7%[28] - The renewable energy segment reported a revenue decline to HKD 25,733,000 from HKD 32,337,000, representing a decrease of about 20%[28] - For the six months ended September 30, 2025, the company recorded retail sales of natural gas at 8,244 tons, a decrease from 11,426 tons in 2024, with retail revenue of approximately HKD 52,452,000, down from HKD 77,447,000 in 2024, contributing 20.7% to total revenue[77] - The company achieved significant growth in pipeline natural gas trade, with sales volume reaching 43,847 tons, up from 28,632 tons in 2024, and trade revenue of approximately HKD 156,470,000, compared to HKD 117,107,000 in 2024, contributing 61.8% to total revenue[78] - Revenue from the liquefied natural gas (LNG) logistics business was approximately HKD 17,513,000 for the reporting period, down from HKD 24,864,000 in 2024, contributing 6.9% to total revenue[79] - Revenue from the new energy business was approximately HKD 25,733,000, accounting for 10.2% of total revenue, down from HKD 32,337,000 in 2024[84] Operational Highlights - The company continues to focus on expanding its renewable energy solutions and enhancing its natural gas logistics services[26] - The company is actively expanding its new energy business, focusing on smart heating projects and comprehensive energy services in industrial parks, with ongoing projects in Xi'an, Dongguan, Zhanjiang, and Yixing[75] - The company aims to enhance operational efficiency and optimize energy structure in response to national policies, including the Energy Law and guidelines for promoting new energy consumption and regulation[74] - The company is committed to a dual-drive strategy of natural gas and new energy, leveraging AI technology and biomass energy projects to provide cleaner and more efficient energy solutions[74] - The company is focusing on the construction of zero-carbon parks, supported by government policies aimed at promoting green and low-carbon transformation[72] Employee and Management - Employee costs, including director remuneration, decreased to HKD 30,643,000 from HKD 36,278,000, a reduction of about 16%[32] - The total remuneration for key management personnel was HKD 2,169,000 for the six months ended September 30, 2025, compared to HKD 4,041,000 in 2024[66] - The company reported a decrease in employee count to 445 as of September 30, 2025, down from 518 on March 31, 2025, with employee costs amounting to approximately HKD 30.6 million during the reporting period[115] Corporate Governance and Compliance - The company has adopted corporate governance codes and believes it has complied with applicable provisions during the reporting period[130] - The company’s audit committee consists of three independent non-executive directors, responsible for providing independent insights on financial controls and risk management systems[148] - The company has not engaged in any arrangements that would allow directors or key executives to acquire securities of the company or its affiliates during the reporting period[145] Future Outlook and Investments - The company has invested approximately RMB 59 million in the Zhanjiang Energy Supply and Distribution Base project, which is expected to be completed and operational by the second half of 2026[118] - The company has secured a 20-year concession for the Dongguan Songshan Lake Science and Technology City centralized energy station project, enhancing its market presence[119] - The company plans to invest up to RMB 417 million in a clean energy municipal centralized cooling and heating project in Xi'an, which includes the construction of a 182.2MW integrated energy station and a 5 million square meter sewage source system[124] - The company is currently in the preliminary project planning stage for another project, with no additional major investments or capital asset increases authorized by the board as of the report date[126] Risks and Challenges - The company faces risks from macroeconomic fluctuations and industry cyclicality, which could adversely affect business growth and profitability[110] - The company is actively managing foreign exchange risks due to its operations primarily in China, with potential impacts from currency fluctuations on reported income[111] - The company has established stable relationships with key suppliers to mitigate risks related to natural gas supply shortages and price volatility[112] - The company is monitoring regulatory trends in its operating locations to ensure compliance and maintain sustainable competitive advantages[110]

Core Viewpoint - The latest shareholder equity disclosures for several companies, including 百心安-B, 地平线, 积木集团, 中国宝力科技, and 中国港能, were made on December 9, 2025, highlighting changes in shareholdings among key institutional investors [1]. Group 1: 百心安-B (02185) - Wang Philip Li increased his holdings from 85.0577 million shares to 85.0677 million shares, maintaining a holding percentage of 36.09% [2]. - Winning Powerful Limited slightly increased its holdings from 45.8756 million shares to 45.8856 million shares, with a holding percentage of 19.47% [2]. Group 2: 地平线 (N24028) - Liu Qin reduced his holdings from 129 million shares to 102 million shares, resulting in a holding percentage decrease from 1.03% to 0.82% [2]. - Ni Yuanyuan also decreased her holdings from 129 million shares to 102 million shares, with the same holding percentage change [2]. Group 3: 积木集团 (08187) - Zhou Yifeng increased his holdings from 21.69 million shares to 28.99 million shares, raising his holding percentage from 14.30% to 19.11% [2]. Group 4: 中国宝力科技 (00164) - Xu Xueqin reduced her holdings from 26.70 million shares to 21.30 million shares, with a holding percentage decrease from 9.17% to 7.32% [2]. Group 5: 中国港能 (00931) - Lin Jiali completely divested from 10 million shares to 0 shares, resulting in a holding percentage drop from 0.18% to 0% [2].