Group 1 - The company, Songjing Technology (01079), announced that its shares will be suspended from trading on the Hong Kong Stock Exchange starting from 9:00 AM on July 30, 2025 [1] - The suspension is pending the publication of information that constitutes inside information according to the Hong Kong Code on Takeovers and Mergers [1]

PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （於百慕達註冊成立之有限公司） 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 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。 應 松 景 科 技 控 股 有 限 公 司（「本公司」）的 要 求，本 公 司 股 份 已 於 二 零 二 五 年 七 月 三 十 日（星 期 三）上 午 九 時 正 起 在 香 港 聯 合 交 易 所 有 限 公 司 暫 停 買 賣，以 待 根 據 香 港 公 司 收 購 及 合 併 守 則 刊 發 構 成 本 公 司 內 幕 消 息 之 公 佈。 承董事會命 松景科技控股有限公司* 董 事 張三貨 香 港，二 零 二 五 年 七 月 三 十 日 於 本 公 佈 日 期，執 行 董 事 為 張 三 貨 先 生、安 娟 女 士 及 王 守 磊 先 生；而 獨 立 非 執 行 董 事 則 為 蘇 漢 章 先 生、周 春 生 先 生 ...

Group 1 - The core point of the news is that Shaoyang Hydraulic plans to acquire 100% of Chongqing Xincheng Hangrui Technology Co., Ltd. through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring [2][10] - Shaoyang Hydraulic's stock has been suspended since June 23, and prior to the suspension, the stock price surged over 10% on June 20, indicating potential market interest in the upcoming acquisition [2][5] - The company reported an 11.93% increase in stock price over the 20 trading days leading up to the announcement, while the ChiNext Index and CITIC Machinery Index saw declines of 1.74% and 2.62%, respectively [5][6] Group 2 - The top ten shareholders of Shaoyang Hydraulic have seen significant changes, with several new individual investors appearing in the list, while notable foreign investment institutions like Morgan Stanley and UBS have reduced their holdings [4][7] - New shareholders Li Yuanfang and Cao Kangseng entered the top ten list, holding 724,200 shares and 537,750 shares, respectively, as of June 20 [9][10] - The financial performance of Xincheng Hangrui has been declining, with revenues of 353 million yuan and 347 million yuan in 2023 and 2024, respectively, and net profits of approximately 43.51 million yuan and 30.23 million yuan [10][11] Group 3 - The acquisition aims to seek new growth points for Shaoyang Hydraulic, leveraging Xincheng Hangrui's complete manufacturing process in forging and casting, which spans various industries including energy, aerospace, and military [10][14] - Post-acquisition, the two companies are expected to achieve process overlap and technical synergy, enhancing Shaoyang Hydraulic's flexible production capabilities and Xincheng Hangrui's ability to process various metal materials [14]

（於百慕達註冊成立之有限公司） PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （股份代號：1079） 董事名單與其角色和職能 董 事 會 設 立 三 個 委 員 會。下 表 提 供 各 董 事 會 成 員 在 該 等 委 員 會 中 所 擔 任 的 角 色。 | | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董 事 | | | | | | 張三貨先生 | | – | M | C | | 安娟女士 | | – | – | M | | 王守磊先生 | | – | – | – | | 蘇漢章先生 | | C | C | M | | 周春生先生 | | M | M | M | | 田宏先生 | | M | M | M | 附 註： C 有關董事委員會的主席 松 景 科 技 控 股 有 限 公 司 董 事 會（「董事會」）成 員 載 列 如 下： 執行董事 張三貨先生 （主 席 兼 行 政 總 裁） 安娟女士 王守磊先生 獨立非執行董事 蘇漢章先生 周春生先生 田宏先生 M 有關董事委員 ...

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 就 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的任何損失承擔任何責 任。 松 景 科 技 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，執 行 董 事 安 娟 女 士（「安女士」）獲 委 任 為 董 事 會 提 名 委 員 會（「提名委員會」）的 新 成 員，自 二 零 二 五 年 六 月 三 十 日 起 生 效。提 名 委 員 會 由 五 名 成 員 組 成，即 張 三 貨 先 生、 安 女 士、蘇 漢 章 先 生、周 春 生 先 生 及 田 宏 先 生，張 三 貨 先 生 擔 任 提 名 委 員 會 主 席。 PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：1079） 提名委員會組成變更 張三貨 香 港，二 零 二 五 年 六 月 三 十 日 於 本 公 佈 日 期，執 行 董 事 為 張 ...

提 名 委 員 會（「委 員 會」）職 權 範 圍 A. 章 程 委 員 會 根 據 本 公 司 董 事 會（「董事會」）於 二 零 一 二 年 三 月 二 十 九 日 舉 行 之 會 議 上 通 過 之 一 項 決 議 成 立，委 員 會 職 權 範 圍 乃 根 據 於 二 零 一 二 年 三 月 二 十 九 日 舉 行 之 會 議 上 通 過 之 決 議 案 採 納，並 經 董 事 會 於 二 零 一 三 年 八 月 三 十 日 及 二 零 二 五 年 六 月 三 十 日 通 過 之 一 項 決 議 採 納 該 修 訂。 PINE TECHNOLOGY HOLDINGS LIMITED （於百慕達註冊成立之有限公司） 松景科技控股有限公司* （股份代號：1079） （「本公司」） * 僅供識別 – 1 – B. 委員會 1. 成 員 1.1 委 員 會 成 員（「成 員」）須 由 董 事 會 從 本 公 司 執 行 及 非 執 行 董 事 中 委 任，須 至 少 有 兩 名 成 員，其 中 大 多 數 須 為 獨 立 非 執 行 董 事（「獨立非執行董事」），且 至 少 有 一 名 不 同 性 別 的 董 ...

Company Overview - Songjing Technology Holdings Limited was established in 1989 and is headquartered in Hong Kong, listed on the Hong Kong Stock Exchange since 1999 [2] - The company has over 300 employees globally and distributors in more than 50 countries [2] - Songjing operates three business segments: XFX, Samtack, and AviiQ, focusing on gaming peripherals, high-performance PC components, and mobile computing accessories [2] Financial Performance - As of December 31, 2024, Songjing Technology reported total revenue of 130 million yuan, a year-on-year increase of 9.79% [1] - The company experienced a net loss attributable to shareholders of 6.32 million yuan, a decrease of 113.01% compared to the previous year [1] - The gross profit margin stood at 1.43%, with a debt-to-asset ratio of 2.57% [1] Stock Performance - On May 20, the Hang Seng Index rose by 1.49%, closing at 23,681.48 points [1] - Songjing Technology's stock closed at 0.08 HKD per share, up 48.15%, with a trading volume of 27.112 million shares and a turnover of 2.0875 million HKD, showing a volatility of 90.74% [1] - Over the past month, the stock has increased by 54.29%, and year-to-date, it has risen by 20%, outperforming the Hang Seng Index by 16.31% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the information technology equipment industry is 43.1 times, with a median of 3.07 times [1] - Songjing Technology's P/E ratio is -5.25 times, ranking 43rd in the industry [1] - Comparatively, other companies in the industry have P/E ratios such as Changhong Jiahua at 3.07 times, Southern Communication at 3.17 times, and SIS INT'L at 3.59 times [1]

PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* (Incorporated in the Bermuda with limited liability) （於百慕達註冊成立之有限公司） （Stock Code 股份代號：1079） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , PINE Technology Holdings Limited (the "Company") - Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.irasia.com/listco/hk/pine and the websit ...

PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* (Incorporated in the Bermuda with limited liability) （於百慕達註冊成立之有限公司） （Stock Code 股份代號：1079） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Date as postmarked PINE Technology Holdings Limited (the "Company") – Notice of publication of 2025 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 www.irasia.com/listco/hk/pine and th ...

Financial Performance - The group's revenue for the period was approximately HKD 140,048,000, an increase of about 9.8% compared to HKD 127,559,000 in the same period last year[6]. - Gross profit increased from approximately HKD 1,490,000 in the previous year to about HKD 2,005,000, with a gross margin rising from approximately 1.2% to 1.4%[7]. - The group recorded a net loss attributable to shareholders of approximately HKD 6,827,000, compared to a profit of HKD 52,458,000 in the same period last year, primarily due to the absence of gains from the sale of subsidiaries[12]. - Total comprehensive loss for the period was HKD 7,746,000, down from a comprehensive income of HKD 53,590,000 in the same period last year[61]. - The company reported a pre-tax loss of HKD 6,352,000 for the current period, compared to a pre-tax profit of HKD 52,215,000 in the previous period[73][72]. - Basic and diluted loss per share for the current period was HKD 0.005, compared to earnings of approximately HKD 0.04 per share in the same period last year[77]. Expenses and Costs - Sales and distribution expenses increased by approximately 103.8% to about HKD 693,000, up from HKD 340,000 in the previous year, due to an increase in the number of sales personnel[10]. - General and administrative expenses rose by approximately 2.6% to about HKD 7,540,000, compared to HKD 7,346,000 in the previous year, mainly due to an increase in employee numbers[11]. - Employee costs, including director remuneration, amounted to approximately HKD 5,761,000, compared to HKD 5,016,000 in the same period last year, reflecting an increase of about 14.8%[31]. - The total unallocated corporate expenses for the current period were HKD 7,684,000, an increase from HKD 4,766,000 in the previous period[71][72]. Assets and Liabilities - The group's net current assets and equity attributable to shareholders were approximately HKD 75,964,000 and HKD 75,722,000, respectively, as of December 31, 2024[14]. - Cash and cash equivalents at the end of the period were HKD 75,327,000, a decrease from HKD 91,735,000 at the end of the previous year[65]. - The company's equity attributable to owners decreased to HKD 75,722,000 from HKD 83,656,000[63]. - Trade receivables net amount as of December 31, 2024, is HKD 1,179,000, compared to HKD 193,000 as of June 30, 2024, indicating a significant increase[78]. - Trade payables amount to HKD 5,000 as of December 31, 2024, with no amounts reported for June 30, 2024[79]. Segment Performance - The group’s brand products generated segment revenue of approximately HKD 19,000 and segment profit of about HKD 3,000 during the period, with plans to further develop this business segment through online sales platforms[21]. - Other brand products generated segment revenue of approximately HKD 109,098,000 and segment profit of approximately HKD 815,000, compared to HKD 101,363,000 and HKD 938,000 in the same period last year, reflecting a revenue increase of about 7.2%[23]. - The trading business reported segment revenue of approximately HKD 29,579,000 and segment profit of approximately HKD 47,000, up from HKD 24,965,000 and HKD 204,000 in the same period last year, indicating a revenue increase of about 18.5%[25]. - The computer hardware and software development segment achieved revenue of approximately HKD 1,352,000, a 10% increase from HKD 1,231,000 in the same period last year, with segment profit improving from a loss of HKD 1,510,000 to a profit of HKD 487,000[27]. Corporate Governance and Shareholder Information - The company has maintained compliance with the corporate governance code, ensuring accountability and transparency[48]. - The roles of the Chairman and CEO are held by the same individual, which deviates from the corporate governance code, but the company believes this structure is beneficial for effective strategy implementation[50]. - Major shareholder Mingzhi Global holds 454,163,680 shares, accounting for 34.23% of the issued share capital[38]. - The company has a total of 16,860,000 shares held by Mr. Zhang Sanhuo, representing approximately 1.27% of the issued share capital[36]. Future Plans and Strategies - The company plans to maintain a flexible market strategy to expand its customer base and service channels amid an uncertain global environment[28]. - The company aims to diversify its revenue sources by exploring new business opportunities[28]. - The company holds a 51% stake in a joint venture established in Shenzhen, which will expand into the measurement and control equipment integration and drone markets[27]. - The company emphasizes maintaining strong relationships with existing customers while gradually expanding its customer base through its sales network[23]. Stock Options and Capital Structure - The company has a stock option plan that allows for the issuance of up to 132,670,173 stock options, equivalent to about 10% of the issued shares as of November 28, 2019[41]. - The exercise price for stock options granted is set at HKD 0.83 and HKD 0.46 for different tranches, with a total of 16,860,000 options available for exercise[43]. - The company has a total of 72,640,000 stock options that remain unexercised as of December 31, 2024, representing approximately 5.48% of the issued share capital[46]. - No stock options were granted, exercised, canceled, or expired during the reporting period[47]. Other Relevant Information - The company does not recommend the payment of an interim dividend for the current period[33]. - The company has no significant investments or capital asset plans as of December 31, 2024[30]. - The company adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2024, but these did not result in significant changes to accounting policies or financial statements[69]. - The company is currently evaluating the impact of new accounting standards but has not yet determined if they will significantly affect its operational performance and financial position[69]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[57]. - No significant subsequent events occurred after December 31, 2024, up to the report date[58].