Enviro Energy International Holdings Limited 環能國際控股有限公司 (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 : 1102) Environmental, Social and Governance Report 2024 環境、社會及管治報告 Contents目錄 | BOARD STATEMENT | 董事會聲明 | 2 | | --- | --- | --- | | ABOUT THIS REPORT | 關於本報告 | 3 | | STAKEHOLDERS' FEEDBACK | 持份者的反饋意見 | 3 | | REPORTING PERIOD | 報告期間 | 4 | | REPORTING STANDARDS AND PRINCIPLES | 報告準則及原則 | 4 | | STAKEHOLDER ENGAGEMENT AND MATERIALITY | 持份者參與及重要性 | 5 | | ENVIRONME ...

Financial Performance - The Group's revenue decreased by approximately 13.1% to approximately HK$462.1 million from approximately HK$531.5 million for the year ended 31 December 2023[15]. - The Group recorded a net loss from continuing operations of approximately HK$68.4 million for the Year, compared to a profit of HK$17.9 million in the Previous Year, primarily due to a one-off loss on debt capitalisation of approximately HK$80.6 million[16]. - The sales of materials business generated approximately HK$461.8 million in revenue for the year ended December 31, 2024, compared to HK$530.3 million for the previous year, reflecting a decrease of about 12.9%[31]. - The Group recorded revenue from continuing operations of approximately HK$461.8 million, a decrease of 12.9% compared to the previous year (HK$530.5 million) due to intense competition[46]. - Gross profit from continuing operations decreased by HK$5.7 million to approximately HK$34.4 million, with a stable gross profit margin of 7.4% compared to 7.6% in the previous year[47]. - The Group's loss for the year from continuing operations attributable to the owners was approximately HK$76.6 million, compared to a profit of HK$6.4 million in the previous year[65]. Business Strategy and Development - The establishment of Hangzhou Junheng in October 2022 is expected to enhance the Group's sales network and customer base in the construction industry in the PRC[15]. - The management identified significant demand for building materials in Hangzhou, leveraging existing supply networks to explore new business opportunities[17]. - The Group is responsible for sourcing, procurement, quality control, and supplier selection for building materials, while Hangzhou Zhongji introduces customers and new projects[17]. - The Company remains confident in the long-term future of its sales of materials business despite challenges from inflation and price instability in building materials[17]. - The joint establishment of Hangzhou Junheng allows the Group to expand its sales channels and provide more business opportunities[17]. - The Group's strategy focuses on enhancing its sales network and customer base in the construction industry in the PRC[17]. - The management's exploration of other business opportunities is based on the existing supply of building materials[17]. - The significant demand for building materials in Hangzhou has been identified as a key opportunity for future growth[38]. Financial Position and Liabilities - As of December 31, 2023, the Group had net current liabilities of approximately HK$154.1 million and net liabilities of HK$63.9 million, facing challenges in seeking debt or equity financing[53]. - The Group entered into a settlement agreement to capitalize approximately HK$44.9 million of debt, issuing 896,993,536 capitalization shares at an issue price of HK$0.05 per share[54]. - The Debt Capitalisation resulted in a one-off loss of approximately HK$80.6 million during the year[58]. - The cumulative exchange reserve of approximately HK$8.8 million was released to the consolidated statement of profit or loss upon the disposal[61]. - As of December 31, 2024, the Group's total equity attributable to the owners was approximately HK$12.7 million, a significant improvement from a total deficit of HK$79.7 million as of December 31, 2023, primarily due to debt capitalisation during the year[73]. - The Group's current assets and current liabilities as of December 31, 2024, were approximately HK$105.7 million and HK$60.3 million, respectively, compared to HK$210.5 million and HK$364.5 million as of December 31, 2023[73]. - The Group's bank and cash balances increased to approximately HK$37.7 million as of December 31, 2024, up from HK$28.0 million as of December 31, 2023, with 98.0% in Renminbi and 2.0% in Hong Kong Dollar[75]. - The current ratio improved to 1.8 as of December 31, 2024, compared to 0.6 as of December 31, 2023, indicating better liquidity management[75]. - The Group's net cash position as of December 31, 2024, resulted in a gearing ratio that was not applicable, as net debts were negative at HK$28.4 million[72]. - Other borrowings decreased significantly from HK$200.6 million in 2023 to HK$4.3 million in 2024, reflecting a substantial reduction in debt[72]. Corporate Governance - The company complied with all applicable code provisions of the Corporate Governance Code for the year ended December 31, 2024, except for code provision C.2.1[166]. - The Board consists of three executive Directors, one non-executive Director, and three independent non-executive Directors[168]. - The Board meets regularly and at least four times a year, with attendance records provided for each director[173]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all Directors during the year[167]. - The company emphasizes high levels of corporate governance to enhance shareholder value[165]. - The Board's composition reflects a balance of executive and independent non-executive Directors[168]. - The Audit Committee consists of three independent non-executive directors, with Mr. Liu Qin as the chairman, who resigned on April 22, 2025, and was succeeded by Ms. Xie Jiayang[198]. - The Audit Committee met twice during the year to review the consolidated financial statements for the year ended December 31, 2023, and the unaudited condensed consolidated financial information for the six months ended June 30, 2024[199]. - The primary duties of the Audit Committee include reviewing the financial reporting process and the effectiveness of the Group's internal controls and risk management[200]. Legal and Compliance Issues - The Group completed the disposal of its entire equity interests in two wholly-owned subsidiaries, representing the entire properties investment business, in September 2024[22]. - The disposal allows the Group to settle loans, reduce indebtedness, and improve its gearing ratio, addressing audit qualifications and legal encumbrances related to litigation[23]. - The Group's properties investment business has been classified as discontinued operations following the completion of the disposal[37]. - The Group did not engage in any currency hedging for the year, but management will monitor foreign currency exposure as needed[82]. - The Group's obligations under the Extended Loan became overdue on August 17, 2023, due to non-repayment[99]. - The audit qualification was primarily due to the outstanding consideration receivables, which the auditor deemed recoverability was uncertain as of 31 December 2023[116]. - Management believes that the consideration receivables can be recovered through negotiations and potential debt restructuring, although no agreements have been reached yet[117]. - The Group completed the disposal of Yingkou Subsidiaries in September 2024, which is expected to remove the audit qualification regarding consideration receivables for the year ending 31 December 2025[125]. - The Group is no longer a party to the litigation concerning repayment obligations after the disposal of Yingkou Subsidiaries, which alleviates legal encumbrances[132]. Economic and Market Risks - The Group faces significant economic risks due to its reliance on the global economic conditions, particularly in the United States, Mainland China, and Hong Kong[146]. - The Group's existing businesses operate in a competitive environment, which pressures revenue and profitability, prompting management to focus on increasing market share[148]. - The Group is exposed to customer risk due to reliance on a small number of customers, limiting its bargaining power[154]. - Financial risks related to foreign currency, interest rates, equity prices, liquidity, and credit risk are present in the Group's ordinary course of business[155]. - The Group has complied with relevant laws and regulations, with no material breaches reported during the Year[156]. - The Group is committed to environmental sustainability and adheres to local laws regarding environmental protection[158].

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之任何損失承擔任何責任。 主席兼執行董事 吳偉 Enviro Energy International Holdings Limited 環 能 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1102） 變更總辦事處及香港主要營業地點 環能國際控股有限公司（「本公司」）董事會（「董事會」）謹此宣布，本公司之總辦事 處及香 港主要營 業地點已 變更為香 港尖沙咀廣 東道25 號海港城 港威大廈第 2 座16 樓1607室，自二零二五年四月二十八日起生效。 承董事會命 環能國際控股有限公司 香港，二零二五年四月二十八日 於本公告日期，董事會成員包括三名執行董事：吳偉先生（ 主席 ）、來德興先生及 曹中舒先生；一名非執行董事：姜森林先生；及三名獨立非執行董事：謝佳揚女 士、張曉強先生及潘永業先生。 ...

Enviro Energy International Holdings Limited 董事會設立三個委員會。下表提供各董事會成員在這些委員會中所擔任的職位。 環能國際控股有限公司董事會（「董事會」）成員之最新資料載列如下。 執行董事 吳偉先生 （ 主席 ） 來德興先生 曹中舒先生 非執行董事 姜森林先生 獨立非執行董事 張曉強先生 潘永業先生 謝佳揚女士 環 能 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1102） 董事名單與其角色及職能 | | 董事會委員會 | 審核 | 提名 | 薪酬 | | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | | 吳偉先生 | | | | | | 來德興先生 | | | | | | 曹中舒先生 | | | M | | | 姜森林先生 | | | | | | 張曉強先生 | | M | | C | | 潘永業先生 | | M | C | M | | 謝佳揚女士 | | C | M | M | 附註： C – 有關董事會委員會的主席 M – 有關董事會委員會的成員 香港，二 ...

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之任何損失承擔任何責任。 Enviro Energy International Holdings Limited 環 能 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1102） (1)董事變動； (2)董事委員會組成變動； (3)董事會主席變動； 及 (4)授權代表變動 董事會欣然宣佈，自二零二五年四月二十二日起： – 1 – (1) 李剛先生已辭任執行董事，且不再擔任董事會主席及授權代表； (2) 潘立輝先生已辭任執行董事，且不再擔任薪酬委員會成員； (3) 吳文玲女士已辭任非執行董事； (4) 鍾劍 先 生 已辭 任 獨 立非 執 行 董事 ， 且 不 再擔 任 薪 酬委 員 會 主席 以 及 審核 委 員會及提名委員會各自的成員； (5) 劉秦先生已辭任獨立非執行董事，且不再擔任審核委員會主席； (6) 吳偉先生已獲委任為執 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 461,848,000, a decrease of 12.9% compared to HKD 530,328,000 in 2023[2] - The gross profit for the year was HKD 40,069,000, representing a 16.5% increase from HKD 34,351,000 in the previous year[2] - The operating loss before tax for continuing operations was HKD 61,590,000, compared to a profit of HKD 27,405,000 in 2023[3] - The net loss attributable to the company for the year was HKD 76,602,000, compared to a profit of HKD 6,420,000 in the previous year[3] - The company reported a basic loss per share of HKD 7.21 for continuing operations, compared to a profit of HKD 1.18 in the previous year[3] - The company reported a total comprehensive loss of HKD 25,649,000 for the year ended December 31, 2024, compared to a loss of HKD 23,713,000 in 2023, representing an increase in loss of approximately 8.2%[4] - The group reported a loss before tax of HKD 26,278,000 for the year ended December 31, 2024, compared to a loss of HKD 42,170,000 for the previous year[29] - The group recognized a gain of HKD 78,477,000 from the sale of subsidiaries, which contributed to the overall financial performance[29] - The group’s other income from continuing operations was HKD 34,000 for the year ended December 31, 2024, consistent with the previous year[23] Assets and Liabilities - The company's total assets decreased to HKD 105,652,000 in 2024 from HKD 210,465,000 in 2023, indicating a reduction of about 49.9%[5] - The company's current liabilities increased to HKD 60,325,000 in 2024 from HKD 364,539,000 in 2023, reflecting a decrease of approximately 83.5%[6] - The company’s total liabilities decreased to HKD 60,325,000 in 2024 from HKD 364,539,000 in 2023, indicating a significant reduction of approximately 83.5%[6] - The company reported a net asset value of HKD 36,046,000 in 2024, compared to a negative net asset value of HKD 63,884,000 in 2023, showing a recovery[6] - The company’s equity attributable to owners decreased to HKD 71,969,000 in 2024 from HKD 27,120,000 in 2023, an increase of approximately 165.5%[6] - The company’s retained earnings showed a significant improvement, moving from a negative HKD 106,800,000 in 2023 to a negative HKD 59,227,000 in 2024, indicating a recovery of approximately 44.6%[6] Operational Strategies - The company has plans for market expansion and new product development in the upcoming fiscal year[2] - The company is focusing on enhancing operational efficiency to improve future profitability[2] - The company has initiated research and development for new technologies aimed at increasing market competitiveness[2] - The company is exploring potential mergers and acquisitions to expand its market presence[2] - The group aims to focus resources on the sales materials business to generate stable income and improve its capital structure[52] - The board is committed to exploring opportunities for investment in any business that can diversify revenue sources and strengthen the financial position of the group[53] - The management remains confident in the long-term prospects of the sales materials business despite challenges such as inflation and price volatility in construction materials[50] Discontinued Operations - The company completed the sale of two wholly-owned subsidiaries, EECIHK and EEML, on September 26, 2024, which are considered discontinued operations for the financial statements[9] - The group completed the sale of its property investment business in September 2024, resulting in the property investment segment being classified as discontinued operations for the current fiscal year[48][51] - The group’s financial performance for the property investment segment will no longer be presented independently following the sale[16] Cash Flow and Financing - The net cash flow from operating activities was HKD 18 million, a decrease from HKD 67 million in the previous year[31] - The company recorded a net cash outflow of HKD 87 million from the sale of subsidiaries[34] - The company entered into a debt capitalization agreement on January 25, 2024, agreeing to capitalize approximately HKD 44.9 million of debt, issuing 896,993,536 shares at a price of HKD 0.05 per share[58] - The group has sufficient financial resources to meet its ongoing operational needs, supported by liquid assets and unused loan facilities[68] Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and presented in thousands of Hong Kong dollars[8] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact expected on current or future periods[12] - The group is currently reviewing its accounting policy disclosures to ensure compliance with new standards and interpretations[15] - The independent auditor's report indicates uncertainty regarding the recoverability of accounts receivable due to lack of financial information on debtors[93] - The independent auditor has expressed a qualified opinion based on the uncertainties surrounding accounts receivable and repayment obligations[94] - The board of directors includes three executive directors and three independent non-executive directors, ensuring governance and oversight[99] Employee and Operational Costs - The group’s employee costs, including directors' remuneration, amounted to HKD 5,737,000, slightly up from HKD 5,500,000 in the previous year[28] - Administrative and operating expenses increased to HKD 15.6 million from HKD 14.2 million in the previous year, primarily due to an increase in foreign exchange losses[56] - The group’s retirement benefit plan contributions decreased to HKD 59,000 from HKD 91,000 in the previous year[28] Market and Sales Performance - The company is primarily engaged in the sales materials business and property investment in the People's Republic of China[46] - The sales materials business generated revenue of approximately HKD 461.8 million for the fiscal year ending December 31, 2024, a decrease of 12.9% compared to HKD 530.3 million in the previous year[47][54] - The overall gross profit from continuing operations decreased to approximately HKD 34.4 million, down from HKD 40.1 million in the previous year, with a stable gross profit margin of 7.4% compared to 7.6% last year[55] Share Capital and Dividends - The company approved an increase in its authorized share capital from HKD 50,000,000 to HKD 500,000,000, allowing for the issuance of 9,000,000,000 additional shares[45] - The company did not declare any dividends for the year ending December 31, 2024, consistent with the previous year[35] - The board has resolved not to declare a final dividend for the current year, compared to no dividend declared last year[75] Risks and Uncertainties - There is uncertainty regarding the repayment obligations related to loans owed by the sold subsidiaries, as disclosed in the financial statements[94] - The group has not provided sufficient appropriate audit evidence to support the fair presentation of certain financial figures due to limitations in scope[96] - The group is taking various actions, including legal proceedings, to recover the accounts receivable from debtors[92] - The group has not engaged in any currency hedging instruments during the year, but management will monitor foreign exchange risks as necessary[71]

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聯合公佈之內容概不 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聯合公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本聯合公佈僅供參考，並不構成收購、購買或認購環能國際控股有限公司證券之 邀請或要約或構成其中一部分或於任何司法權區招攬任何表決權或批准、亦不得 在與適用法律或法規相抵觸之情況下於任何司法權區出售、發行或轉讓環能國際 控股有限公司之證券。倘此舉會違反相關司法權區之有關法例，本聯合公佈不會 於該司法權區內發佈、公佈或分發。 Amethyst Asia Limited （於英屬處女群島註冊成立之有限公司） Enviro Energy International Holdings Limited 環 能 國 際 控 股 有 限 公 司 由貝塔國際證券有限公司代表要約方提出強制性有條件現金要約 以收購環能國際控股有限公司全部已發行股份 （要約方及╱或其一致行動人士已擁有或同意將予收購者除外） (1)要約截止； （ 於開曼群島註冊成立之有限公司） （股份代號：1102） 聯合公佈 及 (2)要約結果 本公司之 ...

董事會會議召開日期 環 能 國 際 控 股 有 限 公 司（「 本 公 司 」， 連 同 其 附 屬 公 司 統 稱「 本 集 團 」）之 董 事（「 董 事」）會（「董事會」）欣然宣布，本公司將於二零二五年三月二十八日（ 星期五 ）舉行 董事會會議，藉以（ 其中包括 ）考慮並批准刊發本集團截至二零二四年十二月三十 一日止年度之經審核綜合財務業績，以及考慮宣派末期股息（ 如有 ）。 承董事會命 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之任何損失承擔任何責任。 Enviro Energy International Holdings Limited 環 能 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1102） 於本公告日期，董事會成員包括三名執行董事：李剛先生（ 主席 ）、潘立輝先生及 曹中舒先生；兩名非執行董事：姜森林先生及吳文玲女士；及三名獨立非執行董 事：鍾劍先生、 ...

Amethyst Asia Limited （於英屬處女群島註冊成立之有限公司） Enviro Energy International Holdings Limited 環 能 國 際 控 股 有 限 公 司 （ 於開曼群島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聯合公佈之內容概不 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聯合公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本聯合公佈僅供參考，並不構成收購、購買或認購環能國際控股有限公司證券之 邀請或要約或構成其中一部分或於任何司法權區招攬任何表決權或批准、亦不得 在與適用法律或法規相抵觸之情況下於任何司法權區出售、發行或轉讓環能國際 控股有限公司之證券。倘此舉會違反相關司法權區之有關法例，本聯合公佈不會 於該司法權區內發佈、公佈或分發。 （股份代號：1102） 聯合公佈 由貝塔國際證券有限公司代表要約方提出強制性有條件現金要約 以收購環能國際控股有限公司全部已發行股份 （要約方及╱或其一致行動人士已擁有或同意將予收購者除外） (1)要約在各方面已成為無條件； 及 (2)要 ...

Amethyst Asia Limited （ 於英屬處女群島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聯合公佈之內容概不 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聯合公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本聯合公佈僅供參考，並不構成收購、購買或認購環能國際控股有限公司證券之 邀請或要約或構成其中一部分或於任何司法權區招攬任何表決權或批准、亦不得 在與適用法律或法規相抵觸之情況下於任何司法權區出售、發行或轉讓環能國際 控股有限公司之證券。倘此舉會違反相關司法權區之有關法例，本聯合公佈不會 於該司法權區內發佈、公佈或分發。 Enviro Energy International Holdings Limited 環能國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1102） 聯合公佈 寄發有關 由貝塔國際證券有限公司代表要約方提出強制性有條件現金要約 以收購環能國際控股有限公司全部已發行股份（要約方及╱或 其一致行動人士已擁有或同意將予收購者除外） 之綜合要約及回應文件 本公司之財務顧問 要約方之財務 ...