31 July 2025 Dear Non-Registered Holder(s)(Note 1) Notification of publication of corporate communication(s) on the Company's website We hereby notify you that the English and Chinese versions of the following corporate communication(s) (the "Current Corporate Communication(s)") of Chinlink International Holdings Limited (the "Company") is/are available on, and may be accessed under Investor Relations section of the Company's website at www.chinlinkint.com and the website of Hong Kong Exchanges and Clearing ...

NOTIFICATION LETTER 通知信函 31 July 2025 Dear Registered Shareholders. CHINLINK INTERNATIONAL HOLDINGS LIMITED (the "Company") – Notice of publication of 2025 Annual 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 www.chinlinkint.com and the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you ...

Governance Report 2025 環境、社會及管治報告 Environmental, Social and Contents 目錄 | 1 | Company Overview | 2 | | --- | --- | --- | | | 公司概況 | | | 2 | Our Reporting Approach | 2 | | | 我們的匯報方式 | | | | 2.1 Reporting Standard, Period and Scope | 2 | | | 報告標準、期間和範圍 | | | | 2.2 Reporting Framework and Principles | 3 | | | 報告框架及原則 | | | 3 | Chairman's Statement | 5 | | | 主席的話 | | | 4 | Our Approach to Sustainability | 6 | | | 我們的可持續發展方針 | | | | 4.1 Our Core Values | 6 | | | 我們的核心價值 | | | | 4.2 Our Sustainability Pillars | 6 ...

(Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司） HKSE Stock Code 港交所股份代號: 0997 ANNUAL REPORT 2025 年報 CHINLINK INTERNATIONAL HOLDINGS LIMITED ANNUAL REPORT 2025 年 報 普匯中金國際控股有限公司 www.chinlinkint.com Contents 目錄 Annual Report 2025 年報 | CHINLINK INTERNATIONAL HOLDINGS LIMITED 普匯中金國際控股有限公司 1 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 7 Financial Highlights 財務摘要 8 Financial Summary 財務概要 9 Management Discussion and Analysis 管理層討論及分析 46 Directors and Senior Management 董事及高級管理人員 51 Corpor ...

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈之全部或任何部份內 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。 截至二零二五年三月三十一日止年度 之終期業績公佈 業績 普匯中金國際控股有限公司（「本公司」或「普匯中金」）董事（「董事」）會（「董事會」）謹此宣 佈本公司及其附屬公司（統稱「本集團」）截至二零二五年三月三十一日止年度（「本年度」） 之經審核綜合業績連同截至二零二四年三月三十一日止年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二五年三月三十一日止年度 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收入 | 3 | | | | 服務 | | 56,138 | 65,624 | | 租金 | | 20,306 | 26,315 | | 利息 | | | | | －其他利息收入 | | 2,859 | 5,339 | | 總收入 | | 79,303 | 97,278 | | 銷售成本 | | (24, ...

Financial Performance - For the six months ended 30 September 2024, Chinlink International Holdings Limited recorded total revenue of HK$44.4 million, representing a drop of 5.9% compared to the previous period[88]. - The net loss for the period was HK$230.6 million, an increase of 114.6% compared to the previous period, primarily due to changes in the fair value of investment properties and exchange losses[88]. - Revenue from the property investment business was HK$42.3 million, down HK$0.8 million or 2.0% from HK$43.1 million in the Previous Period[99]. - Financial services income significantly declined by 46.3% to HK$2.2 million, down from HK$4.1 million in the Previous Period due to reduced portfolio size[99]. - Gross profit decreased to HK$29.5 million, down 8.4% from HK$32.2 million in the Previous Period, with a gross profit margin slightly decreasing to 66.4%[103]. - The Group recorded a loss on fair value change of investment properties amounting to HK$141.0 million, compared to a loss of HK$82.4 million in the Previous Period[107]. - Administrative expenses decreased to HK$24.5 million, down HK$2.9 million from HK$27.4 million in the Previous Period, mainly due to workforce streamlining[109]. - Finance costs amounted to HK$81.5 million, representing a decrease of HK$7.0 million compared to HK$88.5 million in the Previous Period[110]. - The Group made a provision for expected credit loss of HK$11.4 million for the Period, slightly up from HK$10.9 million in the Previous Period[108]. Borrowings and Liabilities - Total bank borrowings increased from HK$1,432,838,000 as of 31 March 2024 to HK$1,547,907,000 as of 30 September 2024, representing a growth of approximately 8%[5]. - The carrying amount of borrowings repayable within one year increased from HK$308,481,000 as of 31 March 2024 to HK$363,698,000 as of 30 September 2024[5]. - The total amount shown under current liabilities for borrowings without loan defaults is HK$363,698,000 as of 30 September 2024, up from HK$308,481,000 as of 31 March 2024[10]. - The Group defaulted on repayments of principal and interest on bank and other borrowings amounting to approximately HK$106,717,000 and HK$88,295,000 during the period ended September 30, 2024[18]. - The outstanding bonds amounted to approximately HK$170,801,000 as of September 30, 2024[23]. - The Group's total liabilities increased from HK$2,761.2 million as of 31 March 2024 to HK$2,855.8 million as of 30 September 2024[142]. - As of September 30, 2024, the Group had net current liabilities of HK$1,605.7 million, an increase from HK$1,454.0 million as of 31 March 2024, resulting in a current ratio of 0.31, down from 0.34[136]. - The Group's gearing ratio as of 30 September 2024 was 0.82, compared to 0.77 as of 31 March 2024, based on total liabilities of HK$2,855.8 million and total assets of HK$3,499.7 million[142]. Economic Environment - The Group operated in a challenging Chinese economy undergoing structural rebalancing, particularly in the real estate sector, which has contributed to economic instability[89]. - Domestic demand remained weak, and there was a lack of investment confidence from the private sector during the period[89]. - The Chinese Government introduced significant stimulus packages in late September 2024, including cuts to interest rates and reserve requirements to encourage lending and investment[89]. - Hong Kong's economy showed signs of recovery in 2024, but still faced structural challenges and external uncertainties affecting long-term performance[90]. - Despite adjustments in real estate prices due to lower demand, housing prices remain relatively high, impacting buyer affordability[90]. - Geopolitical tensions and regulatory concerns continue to affect foreign investment and capital market activity levels[90]. Fair Value Measurements - The Group's fair value measurements of financial instruments are based on generally accepted pricing models, with significant inputs being the discount rate reflecting credit risk[76]. - The fair value of unlisted equity instruments as of September 30, 2024, is HK$60,845,000, down from HK$69,605,000 as of March 31, 2024, indicating a decrease of approximately 12.6%[56]. - The Group's financial assets measured at fair value on a recurring basis include Level 3 measurements, which are derived from unobservable inputs, specifically a probability of default of 1.4%[56]. - The valuation techniques for Level 3 measurements include net asset value and probability of default assessments[56]. - The report emphasizes the importance of observable market data in determining fair value, particularly for Level 1 and Level 2 measurements[56]. Strategic Initiatives - The Group aims to leverage improving market conditions to liquidate its investment property portfolio and improve its financial position[187]. - The Group is committed to diversifying its interests in strategic sectors aligned with national priorities and local government initiatives[187]. - Collaboration with local governments and strategic partners in Shaanxi Province and the GBA is planned to foster innovation and sustainable business opportunities[187]. - The Group's Commercial Complex is expected to benefit from increased activity in the revitalized property market, potentially driving higher foot traffic and sales[186]. - The pre-sale of the Commercial Complex Phase II, which was on hold during COVID-19, has resumed early this year, indicating a positive market outlook[186]. Legal and Compliance - The Company is currently negotiating with bondholders regarding the repayment of outstanding principal amounts of HK$8.5 million and HK$10 million owed to Plaintiff A and Plaintiff B, respectively, along with accrued interest[132][133]. - The Company has received legal claims from two bondholders regarding the outstanding amounts, indicating ongoing litigation risks[134]. - The Company is committed to monitoring the legal proceedings and will provide updates as necessary[135]. Employment and Workforce - The group employed 10 employees in Hong Kong and 157 employees in China as of September 30, 2024, showing a slight increase in the workforce in China from 152 employees as of March 31, 2024[172].

Financial Performance - For the six months ended September 30, 2024, total revenue was HKD 44,425,000, a decrease of 5.9% compared to HKD 47,212,000 for the same period in 2023[2]. - Service revenue for the same period was HKD 31,362,000, down from HKD 31,870,000, reflecting a decline of 1.6%[2]. - Rental income decreased to HKD 11,320,000 from HKD 12,375,000, representing an 8.5% decline[2]. - The company reported a loss before tax of HKD 254,845,000, compared to a loss of HKD 120,684,000 in the previous year, indicating a significant increase in losses[5]. - The total comprehensive loss for the period was HKD 182,534,000, compared to HKD 250,025,000 in the same period last year, showing a reduction in total losses[7]. - The company’s basic and diluted loss per share was HKD 19.58, compared to HKD 9.04 for the same period in 2023, indicating a worsening of per-share losses[7]. - The group reported a net loss of approximately HKD 230,578,000 for the six months ended September 30, 2024[14]. - Total reported segment revenue for the six months ended September 30, 2024, was HKD 44,425,000, compared to HKD 47,212,000 in 2023, representing a decrease of 6%[33]. - The total segment loss for the six months ended September 30, 2024, was HKD 139,819,000, compared to a loss of HKD 78,841,000 for the same period in 2023, indicating a significant increase in losses[33]. - The company reported a net loss attributable to shareholders of HKD 228,946,000 for the six months ended September 30, 2024, compared to a loss of HKD 105,743,000 in 2023, reflecting an increase in losses of 116%[41]. - The net loss for the period was HKD 230,600,000, an increase of 114.6% year-on-year, primarily due to non-operating factors including fair value changes of investment properties and foreign exchange losses[72]. - The group recorded a loss of HKD 230,600,000 for the period, compared to a loss of HKD 107,500,000 in the previous year, driven by declining revenues in financing guarantees and investment properties[82]. Revenue Breakdown - Property management service revenue was HKD 30,947,000, slightly up from HKD 30,753,000 in the previous year, indicating a growth of about 0.6%[23]. - Total income from customer contracts for the six months ended September 30, 2024, was HKD 31,362,000, compared to HKD 31,870,000 in the same period of 2023, reflecting a decrease of approximately 1.6%[23]. - Property investment revenue for the six months ended September 30, 2024, was HKD 42,267,000, compared to HKD 43,128,000 for the same period in 2023, reflecting a decrease of 2%[33]. - Financing guarantee services and other financial services reported revenue of HKD 2,158,000 for the six months ended September 30, 2024, down from HKD 4,084,000 in 2023, a decline of 47%[33]. - Revenue from property investment business was HKD 42,300,000, down 2.0% from HKD 43,100,000 in the previous year[77]. - Financial services revenue decreased significantly by 46.3% to HKD 2,200,000 from HKD 4,100,000 in the same period last year due to a reduced product mix[78]. Assets and Liabilities - Non-current assets totaled HKD 2,763,437,000 as of September 30, 2024, down from HKD 2,832,583,000 as of March 31, 2024[9]. - Current liabilities increased to HKD 2,342,028,000 from HKD 2,209,204,000, reflecting a rise in financial obligations[11]. - The net current liabilities amounted to HKD (1,605,725,000), compared to HKD (1,454,031,000) in the previous period, indicating a deterioration in liquidity[9]. - The company’s total assets less current liabilities were HKD 1,157,712,000, down from HKD 1,378,552,000, suggesting a decline in overall financial health[11]. - As of September 30, 2024, the company's total liabilities amounted to HKD 2,855,800,000, resulting in a debt-to-asset ratio of 0.82, up from 0.77 on March 31, 2024[93]. - The group’s net current liabilities increased to HKD 1,605,700,000 from HKD 1,454,000,000, with a current ratio of 0.31, down from 0.34[90]. Financial Management and Strategy - The group is seeking to expedite the construction of serviced apartments to generate funds for repaying existing loans and financing construction costs[14]. - The group has requested extensions for overdue principal and interest on bank loans totaling approximately HKD 93,364,000 and HKD 86,115,000, respectively[16]. - The group is actively negotiating a repayment plan for approximately HKD 170,801,000 of defaulted bonds with a 13.0% coupon rate[16]. - The group has taken measures to strengthen cost control to achieve profitability and positive cash flow from operations[16]. - The group is exploring different funding sources, including additional bank financing, to support its cash flow needs[16]. - The group has confirmed ongoing financial support from its major shareholder to meet foreseeable financial obligations[17]. - The company is actively negotiating repayment arrangements for outstanding principal and accumulated interest with bondholders[66]. - The company has incurred contingent liabilities of approximately HKD 20,050,000 related to disputes over unpaid coupon bonds and service fees[66]. Market Conditions and Future Outlook - The company noted that the economic environment in China remains challenging, particularly in the real estate sector, impacting overall performance[72]. - The company will not seek to expand its financial services in Hong Kong and China until there is a significant improvement in the market[76]. - The revitalization of the Chinese real estate market and overall economic improvement may positively impact the company's commercial properties, potentially increasing foot traffic and sales for tenants[115]. - The company aims to explore opportunities to monetize its investment property portfolio and improve financial conditions in response to the evolving market landscape[116]. - The Chinese government has introduced a series of stimulus measures to address the ongoing real estate crisis, including lowering mortgage rates and increasing loan limits for homebuyers[109]. Corporate Governance - The company has adhered to corporate governance codes, ensuring that the roles of chairman and CEO are held by different individuals to maintain strong leadership[117]. - All directors have confirmed compliance with the standards for securities trading as outlined in the company's adopted code of conduct[119]. - The audit committee consists of three independent non-executive directors and one non-executive director, with the majority being independent[120]. - The company did not purchase, sell, or redeem any of its listed securities during the period[121]. - The board expresses gratitude to all investors, customers, partners, and shareholders for their continued support[122]. - The interim report will be published on the Hong Kong Stock Exchange website and the company's website at an appropriate time[124].

Financial Performance - For the fiscal year ending March 31, 2024, the gross profit was HKD 70,776,000, a decrease of 21.6% from HKD 90,177,000 in the previous year[2]. - The pre-tax loss for the year was HKD 423,346,000, compared to a pre-tax loss of HKD 396,321,000 in the previous year, reflecting a deterioration of 6.9%[2]. - The loss from continuing operations attributable to the owners of the company was HKD 385,126,000, slightly higher than the loss of HKD 378,275,000 in the previous year[2]. - The total revenue from continuing operations was HKD 97,278,000 for the year ending March 31, 2024, down from HKD 118,770,000 in 2023, indicating a decline of 18.1%[49]. - The company reported a net loss of HKD 72,936,000 from other income and losses for the year ending March 31, 2024, compared to a loss of HKD 60,034,000 in 2023[50]. - The total loss for the year was HKD 385,126,000, slightly improved from a loss of HKD 385,481,000 in the previous year[200]. Revenue and Income Declines - Interest income decreased significantly to HKD 760,000 in 2024 from HKD 3,888,000 in 2023, representing a decline of 80.5%[50]. - The company's financial services revenue continued to decline, with income from financing guarantee services and other financing services dropping to HKD 7,100,000 from HKD 15,800,000 in the previous year[78]. - Rental income fell to HKD 26,315,000 from HKD 30,175,000, a decrease of about 13%[199]. - Other interest income decreased significantly to HKD 5,339,000 from HKD 11,363,000, reflecting a decline of approximately 53%[199]. Assets and Liabilities - As of March 31, 2024, the company's total liabilities amounted to HKD 2,761,200,000, with a debt-to-asset ratio of 0.77, compared to 0.69 on March 31, 2023[116]. - The company’s total assets were valued at HKD 3,587,800,000 as of March 31, 2024, down from HKD 4,430,900,000 a year earlier[116]. - The total current liabilities related to bank and other borrowings with repayment terms amounted to HKD 1,256,286,000, compared to HKD 1,548,526,000 in the previous year, reflecting a reduction of 18.9%[33]. - As of March 31, 2024, overdue receivables amounted to HKD 152,200,000, with measures taken to mitigate bad debt risks[126]. Financial Strategy and Support - The company received written confirmation of continued financial support from its ultimate controlling shareholder, ensuring the company can meet its foreseeable financial obligations[18]. - The company is actively negotiating with banks and financial institutions to ensure the refinancing of its bonds and borrowings to meet upcoming liabilities[43]. - The company may consider divesting non-core businesses and/or financial assets if necessary to improve financial stability[43]. - The company’s financial strategy includes close monitoring of liquidity needs and compliance with loan covenants to manage financial risks[133]. Operational Adjustments - The company is seeking to accelerate the construction progress of its serviced apartment project to facilitate pre-sales, with proceeds intended for construction costs and existing loan repayments[17]. - The company has suspended pre-sales for its second phase development project due to challenging market conditions, which is expected to delay stable income generation[103]. - The group has established a cautious operational approach in both China and Hong Kong due to the uncertain economic outlook[160]. Market Conditions and Risks - The company has reduced its loan and guarantee portfolio to high-risk clients due to a deteriorating business environment and rising credit risks[75]. - The group is closely monitoring the economic environment and adjusting strategies to mitigate risks from the ongoing weakness in the Chinese real estate sector[160]. - The independent auditor's report expressed a disclaimer of opinion due to insufficient audit evidence regarding the group's ability to continue as a going concern[166]. - The group has significant uncertainties regarding its ability to continue as a going concern, which may affect its financial stability[175]. Shareholder and Governance - The group has complied with all applicable corporate governance code provisions, except for certain deviations noted in the upcoming annual report[162]. - The group has not declared a final dividend for the year, consistent with the previous year[155].

Financial Performance - For the six months ended September 30, 2023, Chinlink International Holdings Limited recorded total revenue of HK$47.2 million, representing a decline of 24.7% compared to the previous period[9]. - The Group's total revenue from continuing operations was HK$47.2 million, reflecting a significant decrease of 24.7% from HK$62.7 million in the previous period[27]. - Gross profit decreased to HK$32.2 million, down 30.5% from HK$46.3 million in the previous period, with a gross profit margin decline to 68.3% from 73.9%[28]. - Loss before tax for the period was HK$120,684,000, compared to a loss of HK$161,255,000 in the previous year, representing a 25.2% improvement[156]. - Loss for the period from continuing operations was HK$107,450,000, a reduction of 31.4% from HK$156,763,000 in the prior year[157]. - The Group recorded a loss of HK$107.5 million for the period, an improvement from a loss of HK$170.7 million in the previous period, attributed to reduced revenue from financial services and significant losses on investment properties[47]. Sector Performance - Income from the Property Investment sector declined by nearly 20%, primarily due to losses from the CIC Disposal[15]. - The occupancy rate of the Daminggong Construction Materials and Furniture Shopping Centre remained high at over 98%, but income from this segment remained flat due to low demand in the sluggish property market[15]. - The presale of the phase two development of the Commercial Complex achieved little progress due to the unfavorable real estate market[15]. - The Group's financial services income shrank to the lowest level in many years, with provisions made against certain non-performing loans[16]. - Revenue from financial guarantee services and other financial services dropped by 54.9% to HK$4.1 million from HK$9.1 million in the previous period, attributed to unfavorable credit markets[23]. Economic Impact - The overall economic situation in China has negatively impacted the Group's performance, particularly in the private sector[10]. - The real estate sector's challenges, including rising local government debts and high unemployment rates, have contributed to the decline in consumer spending[10]. - The Group's liquidity was impacted by daily operating expenses and a reduction in pledged bank deposits for financial guarantees during the period[49]. - The outlook for the Chinese economy remains challenging, impacting the Group's business strategy and operational decisions[106]. Financial Position - As of September 30, 2023, bank balances and cash totaled HK$94.3 million, a significant decrease of HK$76.7 million from HK$171.0 million on March 31, 2023, due to loan repayments and operating expenses[49]. - The Group's bank and other borrowings amounted to HK$1,467.9 million, down HK$131.5 million from HK$1,599.4 million as of March 31, 2023, with HK$1,428.3 million due within one year[50]. - As of September 30, 2023, total loan receivables amounted to HK$219.2 million, while total guarantees provided by the Group reached HK$105.3 million[81]. - The Group's total liabilities were HK$2,789.2 million as of 30 September 2023, resulting in a gearing ratio of 0.71, compared to 0.69 as of 31 March 2023[69][70]. - As of September 30, 2023, the Group had net current liabilities of HK$1,510.2 million, with a current ratio of 0.37, down from 0.43 as of 31 March 2023, primarily due to a significant decrease in bank balances and cash for repayments and operating expenses[60][63]. Cost Management - Administrative expenses amounted to HK$27.4 million, a decrease of HK$11.6 million from HK$39.0 million in the previous period, mainly due to workforce streamlining and reduced administrative costs[41]. - Finance costs decreased to HK$88.5 million, down HK$24.9 million from HK$113.4 million in the previous period, primarily due to repayment of high-interest loans and RMB depreciation[45]. - The Group is implementing cost control measures to achieve positive cash flows from operations[194]. - The Group plans to adopt a conservative approach in its core sectors, including property investment and financial services, due to ongoing weakness in the Chinese economy[103]. Strategic Initiatives - The Group is exploring diversification into strategic industries such as clean energy and IT development in Shaanxi Province, leveraging local industrial strengths[105]. - Recent supportive policies from Chinese authorities aim to stabilize the property sector and encourage foreign investment, which may benefit the Group's operations[104]. - The Group is seeking to accelerate the construction of service apartments in Xi'an to generate proceeds for settling construction fees and repaying existing loans[192]. - The Group has negotiated with banks to secure renewals of bonds and borrowings, including a supplemental deed for 13.0% coupon bonds totaling approximately HK$153,884,000[192]. Shareholder Information - As of September 30, 2023, Mr. Li Weibin holds 53,464,480 ordinary shares and has an interest in 659,810,560 shares through a controlled corporation, representing approximately 61.00% of the total issued shares[112]. - The total number of issued ordinary shares of the Company as of September 30, 2023, is 1,169,287,752[112]. - The Company did not declare any interim dividend for the period, consistent with the previous period[95]. - The Company has complied with all provisions of the Corporate Governance Code, except for the non-segregation of the roles of Chairman and Chief Executive, which the Board believes provides strong leadership[145]. Compliance and Governance - The Audit Committee, comprising three independent non-executive Directors and one non-executive Director, has reviewed the Group's accounting principles and financial reporting matters for the period[148]. - The Nomination and Remuneration Committee is responsible for reviewing the Board's structure and making recommendations on remuneration policies for Directors and senior management[152].

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈之全部或任何部份內 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。 CHINLINK INTERNATIONAL HOLDINGS LIMITED 普 匯 中 金 國際 控 股 有 限 公司 * （於百慕達註冊成立之有限公司） 0997 （股份代號： ） 截至二零二三年九月三十日止六個月 之中期業績公佈 普匯中金國際控股有限公司（「本公司」或「普匯中金」）董事（「董事」）會（「董事會」）謹此 宣佈本公司及其附屬公司（統稱為「本集團」）截至二零二三年九月三十日止六個月（「本期 間」）之未經審核簡明綜合中期財務報表連同二零二二年同期（「去年同期」）之未經審核比 較數字如下：－ 未經審核簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 ...