Core Viewpoint - The company, Xinkong International Capital (00993.HK), is expected to report a net loss of approximately HKD 290 million to HKD 310 million for the six months ending June 30, 2025, compared to a net profit of about HKD 143 million in the previous period [1] Financial Performance - The anticipated net loss is primarily attributed to significant impairment losses recognized during the period, mainly due to a substantial decrease in the expected recoverable amount of a loan [1] - The company also recorded a net loss on financial assets measured at fair value through profit or loss during the current period [1] - In the previous period, the net profit was largely due to a significant reversal of impairment provisions related to the aforementioned loan, driven by an increase in the fair value of collateral [1] - Financial assets measured at fair value through profit or loss generated a net gain in the prior period [1]

Core Viewpoint - The company expects a net loss of HKD 290 million to HKD 310 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 143 million for the six months ending June 30, 2024 [1] Financial Performance - The anticipated net loss is primarily due to significant impairment losses recognized during the period, mainly attributed to a substantial decrease in the expected recoverable amount of a loan [1] - The company also reported a net loss from financial assets measured at fair value through profit or loss during the current period [1] - In the previous period, the net profit was largely due to a significant reversal of impairment provisions on the aforementioned loan, driven by an increase in the fair value of collateral [1]

Core Viewpoint - The company expects a net loss of HKD 290 million to HKD 310 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 143 million for the six months ending June 30, 2024 [1] Financial Performance - The anticipated net loss is primarily due to significant impairment losses recognized during the period, mainly attributed to a substantial decrease in the expected recoverable amount of a loan [1] - The company also reported a net loss from financial assets measured at fair value through profit or loss during the current period [1] - In the previous period, the net profit was largely due to a significant reversal of impairment provisions on the aforementioned loan, driven by an increase in the fair value of collateral [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 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 XinKong International Capital Holdings Limited 信控國際資本有限公司 （於百慕達註冊成立之有限公司） （股份代號：993） 承董事會命 信控國際資本有限公司 主 席 王 成 香 港，二 零 二 五 年 八 月 十 九 日 於 本 公 告 日 期，董 事 會 包 括 非 執 行 董 事 王 成 先 生 及 譚 杰 予 女 士，執 行 董 事 陳 慶 華 先 生 及 魯 昕 政 先 生，以 及 獨 立 非 執 行 董 事 洪 嘉 禧 先 生、馬 立 山 先 生 及 關 浣 非 先 生。 董事會會議召開日期 信 控 國 際 資 本 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 九 日（星 期 五）舉 行 董 事 會 會 議，藉 以（ ...

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 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 XinKong International Capital Holdings Limited 信控國際資本有限公司 （於百慕達註冊成立之有限公司） （股份代號：993） 盈利預警 本 公 告 乃 信 控 國 際 資 本 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 證 券 上 市 規 則》（「上市規則」）第13.09(2)(a)條及香港 法例第571章《證 券 及 期 貨 條 例》第XIVA部（「內幕消息條文」）作 出。 本 公 司 董 事 會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者，根 據 對 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月（「本期間」）之 未 經 審 核 綜 合 管 理 帳 目 ...

呈交日期: 2025年7月31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) | 00993 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000,000 | HKD | | 0.001 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000,000 | HKD | | 0.001 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD 1,000,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 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: ...

Group 1: Fund Overview - Chunhou Xinxing A (Fund Code: 009931) is a mixed fund under Chunhou Fund, established on September 15, 2020, with a total management scale of 1.726 billion yuan [1] - The fund is managed by Chen Wen and Yang Yucheng, focusing on in-depth research of corporate fundamentals to identify companies with long-term growth potential and valuation advantages [1] - As of July 14, 2025, the fund achieved a one-year return of 36.94%, outperforming the benchmark growth rate of 15.66% and the CSI Mixed Fund Index return of 14.66%, ranking in the top 10 among mixed funds [1] Group 2: Performance Metrics - Over the past two years, the fund's return was 31.29%, significantly higher than the performance benchmark of 9.21% and the CSI Mixed Fund Index return of -0.93% [1] - The fund's maximum drawdown over the past three years was 29.94%, which is better than the average level of similar mixed funds [1] - The fund's maximum drawdown recovery days were 238, ranking in the top 15 among similar mixed funds [1] Group 3: Company Research - Ruimai Te, established in 2001, specializes in providing comprehensive treatment solutions for OSA and COPD patients, and is a leading domestic company in non-invasive ventilators and masks [3] - The company has a complete product line covering home, medical, consumables, and chronic disease management platforms, with significant R&D investment resulting in 633 valid patents in China and 202 overseas patents [3] - The company has achieved domestic supply chain localization for core components, enhancing its competitive edge and risk resilience [3] Group 4: Market Strategy and Brand Development - The rebranding to "Ruimai Te" signifies a strategic alignment between product and capital markets, enhancing brand value and investor confidence [3] - The company has made key adjustments in its domestic channel strategy, resulting in improved revenue and gross margin in the first quarter [3] - The company has a strong global market entry capability, having obtained CE and FDA certifications, and is actively pursuing overseas localization to enhance global operational capacity [3]

Economic Performance - The company reported a stable growth in the Chinese mainland and Hong Kong economies despite a challenging environment, showcasing strong potential and resilience[8]. - For 2025, the company anticipates stable growth in the Chinese economy, which will support its development and provide opportunities in the licensing business related to cross-border "bad assets" investments[10]. - The group recorded revenue of approximately HKD 92,441,000, a decrease from HKD 202,143,000 in the previous year, representing a decline of about 54.3%[26]. - The total loss for the year was approximately HKD 241,044,000, reduced from a loss of HKD 566,793,000 in the previous year, showing an improvement of about 57.5%[26]. - The company reported a significant increase in customer relationships, focusing on providing high-quality services to maintain stable business and asset growth, as well as long-term profitability[86]. Risk Management - The company implemented multiple measures to accelerate the resolution of existing risks, achieving positive results in reducing risk exposure through substantial restructuring and litigation recovery[10]. - The company is committed to compliance and risk management, integrating compliance concepts into its corporate culture[10]. - The group is focusing on risk management and exploring opportunities in distressed asset management to seek counter-cyclical investment returns[31]. - The group has established credit risk policies and processes for assessing expected credit losses in accordance with Hong Kong Financial Reporting Standard 9[48]. - The group is actively monitoring credit risks associated with loans and debt instruments, and will take remedial actions if there are signs of overdue repayments or declines in collateral value[49]. Management and Governance - Management optimization efforts led to effective control and reduction of management costs, enhancing team cohesion and operational efficiency[10]. - The company aims to enhance its corporate image and adopt lean management practices to drive high-quality transformation and development[10]. - The company’s board of directors includes experienced members with backgrounds in asset management and human resources, enhancing governance and strategic direction[12][13]. - The company has a strong board with members possessing diverse expertise in finance, law, and management, contributing to strategic decision-making[19]. - The company has established a governance structure with clear responsibilities for risk management, including a Risk Management Committee and an Audit Committee[162]. Financial Performance - The net gain from financial assets measured at fair value through profit or loss was approximately HKD 105,358,000, compared to a net loss of HKD 202,905,000 in the previous year, indicating a significant turnaround[26]. - Basic loss per share for the year was HKD 0.074, down from HKD 0.111 in the previous year, reflecting a decrease in loss per share of approximately 33.3%[27]. - Securities business revenue was approximately HKD 4,936,000, down from HKD 11,252,000 in the previous year, a decline of about 56% due to reduced interest income and lower market activity[30]. - The asset management and direct investment segment reported revenue of approximately HKD 87,505,000, down from HKD 137,058,000 in the previous year, a decrease of about 36.2% attributed to reduced asset scale and interest income[32]. - The group achieved a profit of approximately HKD 14,736,000 in the securities business, a recovery from a loss of HKD 819,000 in the previous year, indicating a positive shift in performance[30]. Shareholder and Corporate Governance - The company has a structured board with both executive and non-executive directors, ensuring governance and oversight[87]. - The company has adopted and complied with all applicable provisions of the Corporate Governance Code during the year[105]. - The company has established a shareholder communication policy to facilitate investor engagement and feedback[173]. - The company has maintained a high level of corporate governance practices, aligning with the long-term interests of shareholders[112]. - The company has established appropriate liability insurance for its directors and senior officers to protect against legal actions arising from company business[129]. Sustainability and ESG - The environmental, social, and governance (ESG) report outlines the company's commitment to sustainable development and its efforts in ESG management[184]. - The company is actively optimizing its sustainable development strategy in response to climate change and the government's dual carbon goals[195]. - The company aims to enhance its market competitiveness by continuously improving its ESG management system and effectively managing environmental and social risks[197]. - The company has disclosed quantifiable key performance indicators (KPIs) related to environmental and social aspects, ensuring data accuracy through internationally recognized standards[188]. - The company is committed to creating long-term value for stakeholders by deepening its ESG strategy and setting more specific sustainable development goals[196]. Internal Controls and Audit - The company has implemented rigorous internal controls and review procedures to ensure the accuracy and reliability of the report's content[189]. - The internal audit team and external agencies conduct regular evaluations of the internal control system's operation and report to the Audit Committee[163]. - The audit committee reviewed the annual performance and consolidated financial statements for the year[108]. - The audit fees for the fiscal year ending December 31, 2024, amounted to HKD 2,800,000 for audit services, a decrease of 25.7% from HKD 3,770,000 in 2023[167]. - The company has established a framework for identifying, measuring, and monitoring risks effectively[156].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 92,441,000, a decrease of 54.3% compared to HKD 202,143,000 in 2023[2] - Commission and service fee income decreased to HKD 5,990,000 from HKD 15,115,000, representing a decline of 60.3%[2] - Interest income calculated using the effective interest method fell to HKD 76,446,000, down 44.2% from HKD 136,654,000[2] - The net loss before tax for the year was HKD 264,783,000, compared to a loss of HKD 566,653,000 in the previous year, showing an improvement of 53.3%[3] - The total comprehensive loss for the year was HKD 217,036,000, a reduction from HKD 522,425,000 in 2023, indicating a 58.6% improvement[4] - The group reported a loss of HKD 241 million for the year, an improvement from a loss of HKD 567 million in 2023[10] - The basic loss per share improved to HKD (0.074) from HKD (0.111), a reduction in loss of 33.3%[3] Assets and Liabilities - Non-current assets decreased to HKD 1,083,985,000 from HKD 1,311,801,000, a decline of 17.3%[5] - Current assets significantly dropped to HKD 981,785,000 from HKD 2,606,465,000, a decrease of 62.3%[5] - Total liabilities increased to HKD 6,339,151,000 from HKD 5,570,920,000, reflecting a rise of 13.8%[6] - The group's net liabilities increased to HKD 2,273 million in 2024 from HKD 1,657 million in 2023[10] - Total assets as of December 31, 2024, amounted to HKD 2,065,770,000, a decrease from HKD 3,918,266,000 in 2023, representing a decline of approximately 47.4%[31] - The total liabilities as of December 31, 2024, were HKD 4,339,151,000, compared to HKD 5,574,920,000 in 2023, indicating a reduction of approximately 22.2%[31] Cash Flow and Financial Support - The company reported a significant decrease in cash and bank deposits, which fell to HKD 413,122,000 from HKD 1,581,355,000, a decline of 73.9%[5] - The total bank credit available to the group as of December 31, 2024, was HKD 100 million, significantly reduced from approximately HKD 1,706 million in 2023[10] - The indirect controlling shareholder has committed to providing financial support, with total loans and perpetual securities amounting to HKD 10.1 billion as of December 31, 2024, down from HKD 10.5 billion in 2023[11] - The group plans to actively develop its licensing business, focusing on securities brokerage, asset management, and corporate finance[14] - The group aims to improve cash flow by concentrating resources on recovering existing project cash flows and controlling administrative costs[13] Credit Risk and Impairment - The expected credit loss provision for the entire available period is 88.4% in 2024, down from 99.5% in 2023[63] - The company has established credit risk policies and processes for impairment assessment under HKFRS 9, categorizing projects into three stages based on credit risk[99] - The group has recognized an impairment provision of approximately HKD 243 million for a fixed income investment due to a decline in the net asset value of the collateral[102] - The company’s expected credit loss provision for finance lease receivables was HKD 166,034,000 as of December 31, 2024, a decrease from HKD 512,335,000 in 2023, indicating a significant improvement[51] Operational Efficiency and Strategy - The group is focusing on enhancing risk control measures and operational efficiency to adapt to the challenging economic environment[75] - The group plans to focus on improving operational efficiency and customer service quality while exploring differentiated competitive advantages[84] - The group aims to deepen its asset management business in the "bad asset" sector, leveraging its experience in distressed asset management[84] Corporate Governance and Compliance - The company has adopted and complied with the corporate governance principles as outlined in the listing rules[120] - The board of directors confirmed full compliance with the standards for securities trading throughout the year[121] - The audit committee, composed of three independent non-executive directors, has reviewed the group's financial reporting system and internal controls[122] Employee and Management Changes - The group employed a total of 12 employees as of December 31, 2024, down from 16 employees as of December 31, 2023, indicating a reduction of 25% in workforce[114] - The board of directors has undergone changes, with Mr. Zhang Xing resigning as chairman and non-executive director effective November 8, 2024, and Mr. Wang Cheng appointed as the new chairman[116]

Financial Performance - The company recorded revenue of approximately HKD 48,697,000 for the period, down from HKD 64,436,000 in the previous period, representing a decrease of about 24.5%[4]. - The net profit for the period was approximately HKD 142,581,000, a significant improvement from a net loss of HKD 458,361,000 in the previous period[4]. - The basic loss per share for the period was HKD 0.7 cents, compared to HKD 7.6 cents in the previous period, indicating a reduction in losses[4]. - Total revenue for the six months ended June 30, 2024, was HKD 48,697,000, a decrease of 24.4% compared to HKD 64,436,000 for the same period in 2023[37]. - The company reported a net loss attributable to owners of HKD 57,447,000 for the six months ended June 30, 2024[42]. - The total comprehensive loss for the period was HKD 55,381,000, which includes other comprehensive income adjustments[42]. - The company reported a profit of HKD 143 million for the six months ended June 30, 2024, a turnaround from a loss of HKD 458 million in the same period last year[50]. - The total comprehensive income for the period was HKD 144,647,000, recovering from a loss of HKD 427,581,000 in the same period last year[38]. Business Segments - The securities business generated income of approximately HKD 5,050,000, an increase from HKD 2,743,000 in the previous period, reflecting a growth of about 84.5%[7]. - The asset management and direct investment segment reported income of approximately HKD 46,440,000, down from HKD 58,642,000 in the previous period, a decrease of about 20.8%[9]. - The securities business recorded a profit of approximately HKD 2,747,000 for the period, compared to a loss of HKD 11,292,000 in the previous period, indicating a positive shift in performance[7]. - The asset management and direct investment segment generated a profit of HKD 159,690 thousand, contrasting with a loss of HKD 360,398 thousand in the previous year[61][62]. Financial Position - As of June 30, 2024, the company's total issued shares were 8,709,586,011, with total equity attributable to shareholders amounting to approximately negative HKD 1.712 billion[14]. - The group's cash and bank deposits totaled approximately HKD 627.6 million as of June 30, 2024, down from approximately HKD 1.581 billion at the end of 2023[16]. - The asset-liability ratio increased to 150% as of June 30, 2024, compared to 130% at the end of 2023, primarily due to a decrease in total assets[16]. - The group has drawn down bank credit of approximately HKD 200 million as of June 30, 2024, compared to approximately HKD 820 million at the end of 2023[17]. - The company’s total liabilities decreased from HKD 5,103,868,000 as of December 31, 2023, to HKD 3,977,067,000 as of June 30, 2024[106]. - The total assets as of June 30, 2024, amounted to HKD 2,647,818 thousand, down from HKD 3,918,266 thousand as of December 31, 2023[63][64]. - The total equity as of June 30, 2024, was HKD 6,288,630 thousand, reflecting a decrease from HKD 6,242,484 thousand at the beginning of the period[44]. Cash Flow and Financing - The company generated net cash inflow from operating activities of HKD 438,989 thousand, down from HKD 813,417 thousand in the previous year[46]. - The net cash outflow from financing activities was HKD 1,469,797 thousand, compared to an outflow of HKD 326,684 thousand in the prior period[46]. - The company plans to actively improve cash flow by focusing resources on recovering cash flows from existing projects and investments while controlling administrative costs[55]. - The company has implemented measures to sell publicly traded bonds and listed equity securities to alleviate liquidity pressure when necessary[54]. - The company aims to maintain sufficient operating funds to meet its financial obligations due within the next twelve months[56]. Risk Management and Impairment - The company emphasized strengthening risk management and focusing on core business during a challenging economic environment[5]. - The company recognized an impairment provision of approximately HKD 247,527,000 due to the increase in the fair value of collateral shares during the reporting period[24]. - The company has established credit risk policies and processes for impairment assessment under HKFRS 9, categorizing financial instruments into three stages based on credit risk[25]. - The company recorded a net reversal of impairment provisions of approximately HKD 210 million during the period, primarily due to an increase in the fair value of collateral from a margin financing project[26]. - The company is actively monitoring the financial status of borrowers and collateral to minimize credit risk[86]. Shareholder and Corporate Governance - The company has adopted and complied with all applicable corporate governance codes during the period[133]. - All directors confirmed compliance with the standard code of conduct for securities trading during the reporting period[134]. - The company believes that the ongoing legal claims will not significantly impact its normal business operations[127]. - The company is committed to ensuring the fund meets its obligations as a liquidity provider[127]. Future Outlook and Strategy - The company provided a positive outlook for the second half of 2024, projecting a revenue growth of 25% year-over-year[140]. - Market expansion plans include entering two new Southeast Asian countries by Q4 2024, aiming for a 10% market share within the first year[140]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of up to RMB 500 million for potential targets[140]. - The company aims to increase its dividend payout ratio to 30% in the upcoming fiscal year, reflecting strong cash flow generation[140].