Core Viewpoint - China Energy Storage Technology Development (01143.HK) reported a significant decline in revenue and increased losses for the six months ending June 30, 2025, indicating challenges in the company's financial performance [1] Financial Performance - Revenue for the period was HKD 188 million, a decrease of 28.9% year-on-year [1] - Gross profit amounted to HKD 41.09 million, reflecting a year-on-year decline of 44% [1] - The loss attributable to shareholders was HKD 16.273 million, compared to a loss of HKD 3.908 million in the same period last year [1] - Basic loss per share was HKD 0.0726 [1]

Core Viewpoint - China Energy Storage Technology Development (01143) reported a significant decline in revenue and an increase in losses for the six months ending June 30, 2025, indicating challenges in the electronic manufacturing services sector due to market conditions in Europe and the United States [1] Financial Performance - The company achieved revenue of HKD 188 million, representing a year-on-year decrease of 28.9% [1] - The loss attributable to shareholders was HKD 16.273 million, which is an increase of 316.4% compared to the previous period [1] - Basic loss per share was HKD 0.0726 [1] Segment Performance - Revenue from the electronic manufacturing services segment decreased by approximately HKD 63.4 million, primarily due to reduced business in the European and American markets [1] - The decline in revenue from the U.S. market was mainly attributed to market turmoil caused by tariffs during the reporting period [1]

[Company Information](index=1&type=section&id=Company%20Information) The company's name changed to China Energy Storage Technology Development Co., Ltd., with this announcement detailing its unaudited interim results - The company's name has changed from Asia Allied International Medical Technology Group Limited to **China Energy Storage Technology Development Co., Ltd.**[2](index=2&type=chunk)[3](index=3&type=chunk) - This announcement presents the unaudited interim results for the six months ended June 30, 2025[3](index=3&type=chunk) [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the group's condensed consolidated financial statements, including statements of profit or loss, comprehensive income, and financial position [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the Group experienced a significant revenue decline, leading to a substantial decrease in gross profit and operating profit, resulting in an expanded loss compared to the prior period Key Data from Condensed Consolidated Statement of Profit or Loss (For the six months ended June 30) | Indicator ('000 HKD) | 2025 (Unaudited) | 2024 (Unaudited) | Change (%) | | :------------------- | :--------------- | :--------------- | :--------- | | Revenue | 188,226 | 264,698 | -28.9% | | Cost of sales | (147,217) | (190,974) | -22.9% | | Gross profit | 41,009 | 73,724 | -44.4% | | Other income | 9,801 | 6,242 | +57.0% | | Other gains and losses | (853) | (21,629) | +96.1% | | Operating profit/(loss) | (9,080) | 838 | -1182.8% | | Finance costs | (6,645) | (2,359) | +181.7% | | Loss before tax | (15,725) | (1,521) | +933.9% | | Loss for the period | (16,497) | (4,786) | +244.7% | | Loss attributable to owners of the Company | (16,273) | (3,908) | +316.4% | | Basic loss per share (HK cents) | 7.26 | 1.96 | +270.4% | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Total comprehensive expense for the period slightly decreased, primarily due to a favorable shift from exchange loss to gain, partially offsetting the increased loss for the period Key Data from Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Indicator ('000 HKD) | 2025 (Unaudited) | 2024 (Unaudited) | Change (%) | | :------------------- | :--------------- | :--------------- | :--------- | | Loss for the period | (16,497) | (4,786) | +244.7% | | Exchange differences on translation of overseas operations | 6,486 | (5,368) | N/A | | Total comprehensive expense for the period | (10,011) | (10,154) | -1.4% | | Attributable to owners of the Company | (9,787) | (9,276) | +5.5% | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets and liabilities slightly decreased, total equity also reduced, but the current ratio remained robust Key Data from Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator ('000 HKD) | 2025 June 30 (Unaudited) | 2024 Dec 31 (Audited) | Change (%) | | :------------------- | :----------------------- | :-------------------- | :--------- | | Total non-current assets | 73,305 | 78,646 | -6.8% | | Total current assets | 801,876 | 801,491 | +0.05% | | Total assets | 875,181 | 880,137 | -0.56% | | Total equity | 532,180 | 536,885 | -0.88% | | Total non-current liabilities | 37,387 | 42,122 | -11.3% | | Total current liabilities | 305,614 | 301,130 | +1.5% | | Total liabilities | 343,001 | 343,252 | -0.07% | [Notes to the Condensed Financial Statements](index=7&type=section&id=Notes%20to%20the%20Condensed%20Financial%20Statements) This section details the basis of preparation, accounting policies, segment information, other income, finance costs, loss components, and trade balances [Basis of Preparation and Principal Accounting Policies](index=7&type=section&id=Basis%20of%20Preparation%20and%20Principal%20Accounting%20Policies) The interim condensed consolidated financial statements are prepared under HKAS 34 on a historical cost basis, with no significant changes from new/revised standards - The financial statements are prepared in accordance with **Hong Kong Accounting Standard 34** and should be read in conjunction with the annual report for the year ended December 31, 2024[11](index=11&type=chunk) - The financial statements are prepared on a **historical cost basis**, except for investment properties which are measured at fair value[12](index=12&type=chunk) - The adoption of new/revised Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards did not result in **significant changes** to accounting policies or reported amounts[12](index=12&type=chunk)[13](index=13&type=chunk) [Revenue and Segment Information](index=7&type=section&id=Revenue%20and%20Segment%20Information) The Group operates in four segments: electronic manufacturing, securities investment, real estate supply chain, and money lending, with electronic manufacturing revenue significantly down and investment/lending segments near zero - The Group's four reportable segments are: **electronic manufacturing services and distribution of communication products**, **investment in securities and other assets and others**, **real estate supply chain services**, and **money lending**[14](index=14&type=chunk) Segment Revenue and Profit/(Loss) (For the six months ended June 30) | Segment ('000 HKD) | 2025 Revenue | 2024 Revenue | Revenue Change (%) | 2025 Profit/(Loss) | 2024 Profit/(Loss) | | :----------------- | :----------- | :----------- | :----------------- | :----------------- | :----------------- | | Electronic Manufacturing Services and Distribution of Communication Products | 183,965 | 247,369 | -25.6% | 3,456 | 22,025 | | Investment in Securities and Other Assets and Others | – | 12,200 | -100% | (15,346) | (19,048) | | Real Estate Supply Chain Services | 4,261 | 4,799 | -11.3% | 4,045 | 1,231 | | Money Lending | – | 119 | -100% | (29) | (222) | | Total | 188,226 | 264,698 | -28.9% | (7,874) | 3,613 | [Other Income and Gains/Losses](index=10&type=section&id=Other%20Income%20and%20Gains%2FLosses) Other income increased due to higher consulting fees, while net exchange losses significantly narrowed in other gains and losses Details of Other Income (For the six months ended June 30) | Item ('000 HKD) | 2025 (Unaudited) | 2024 (Unaudited) | Change (%) | | :-------------- | :--------------- | :--------------- | :--------- | | Bank interest income | 5,038 | 5,046 | -0.2% | | Government grants | 573 | 74 | +674.3% | | Consulting fee income | 3,000 | – | N/A | | Others | 885 | 156 | +467.3% | | Total | 9,801 | 6,242 | +57.0% | [Finance Costs and Income Tax](index=11&type=section&id=Finance%20Costs%20and%20Income%20Tax) Finance costs significantly increased due to higher interest on borrowings and bonds payable, with income tax expense primarily from Hong Kong profits tax Details of Finance Costs (For the six months ended June 30) | Item ('000 HKD) | 2025 (Unaudited) | 2024 (Unaudited) | Change (%) | | :-------------- | :--------------- | :--------------- | :--------- | | Interest on loans from independent third parties | 1,160 | 414 | +180.2% | | Interest on bonds payable | 4,086 | – | N/A | | Interest on lease liabilities | 1,399 | 1,549 | -9.7% | | Total | 6,645 | 2,359 | +181.7% | [Components of Loss for the Period and Loss Per Share](index=12&type=section&id=Components%20of%20Loss%20for%20the%20Period%20and%20Loss%20Per%20Share) The loss for the period was influenced by sales costs, depreciation, R&D, and employee benefits, leading to a substantial increase in basic loss per share with no dilution Major Components of Loss for the Period (For the six months ended June 30) | Item ('000 HKD) | 2025 (Unaudited) | 2024 (Unaudited) | Change (%) | | :-------------- | :--------------- | :--------------- | :--------- | | Cost of sales | 147,217 | 190,974 | -22.9% | | Depreciation (property, plant and equipment) | 2,416 | 3,755 | -35.7% | | Depreciation (right-of-use assets) | 5,434 | 6,650 | -18.3% | | Research and development expenses | 6,612 | 5,376 | +23.0% | | Total employee benefits expense | 78,121 | 77,452 | +0.9% | [Trade Receivables/Payables](index=14&type=section&id=Trade%20Receivables%2FPayables) As of June 30, 2025, total trade receivables decreased, mainly within 90 days, while total trade payables also decreased, but the proportion over 365 days increased Ageing Analysis of Trade Receivables (As of June 30) | Ageing | 2025 June 30 ('000 HKD) | 2024 Dec 31 ('000 HKD) | Change (%) | | :------------ | :---------------------- | :--------------------- | :--------- | | 0 to 90 days | 74,629 | 98,302 | -24.1% | | 91 to 180 days | 19,926 | 18,670 | +6.7% | | 181 to 365 days | 2,858 | 292 | +878.8% | | Over 365 days | – | 30 | -100% | | Total | 97,413 | 117,294 | -17.0% | [Management Discussion and Analysis](index=15&type=section&id=Management%20Discussion%20and%20Analysis) This section reviews the Group's business operations, financial performance, liquidity, capital, and risk management in a challenging global economic environment [Business and Operations Review](index=15&type=section&id=Business%20and%20Operations%20Review) Global economic complexities and China's economic slowdown led to an overall revenue decline, with the Group actively transitioning to energy storage business [Electronic Manufacturing Services and Distribution of Communication Products](index=15&type=section&id=Electronic%20Manufacturing%20Services%20and%20Distribution%20of%20Communication%20Products) Electronic manufacturing services revenue decreased due to US tariffs, and the distribution segment is planned for closure due to declining demand - Electronic manufacturing services revenue decreased by **25.6% to HKD 184 million** (2024: HKD 247.4 million), primarily due to market volatility caused by **US tariffs**[35](index=35&type=chunk) - The distribution segment has ceased operations and plans to close related subsidiaries due to a continuous decline in demand for **commercial telephone system products** in the North American market[36](index=36&type=chunk) [Real Estate Supply Chain Services and Energy Storage Products](index=16&type=section&id=Real%20Estate%20Supply%20Chain%20Services%20and%20Energy%20Storage%20Products) Real estate supply chain services revenue remained relatively stable, and the Group rebranded in 2023 to enter the energy storage business in response to government policies - Real estate supply chain services revenue decreased by **11.2% to HKD 4.3 million** (2024: HKD 4.8 million), remaining relatively stable[37](index=37&type=chunk) - The Group was renamed **China Energy Storage Technology Development Co., Ltd.** in 2023 and commenced energy storage business in response to the government's "dual carbon" goals policy[33](index=33&type=chunk) [Investment in Securities and Other Assets and Others](index=16&type=section&id=Investment%20in%20Securities%20and%20Other%20Assets%20and%20Others) The investment in securities and other assets business contributed negligible segment revenue for the current period, a significant decrease from the prior year - For the six months ended June 30, 2025, segment revenue from investment in securities and other assets and others was approximately **zero HKD** (2024: HKD 12.2 million)[38](index=38&type=chunk) [Money Lending Business](index=16&type=section&id=Money%20Lending%20Business) The money lending business generated approximately zero revenue with no active loan accounts, while the Group maintains strict credit policies and plans to explore new opportunities [Loan Portfolio](index=17&type=section&id=Loan%20Portfolio) As of June 30, 2025, the Group had no active loan accounts, all being unsecured personal loans, with zero interest income or outstanding balances from top five clients - As of June 30, 2025, the Group had **no active loan accounts** (2024: 4), all of which were unsecured personal loans[42](index=42&type=chunk) - For the current period, interest income and outstanding loan and interest balances from the **top five clients were zero** (2024: accounted for 0.04% of total income and 100% of total loans receivable, respectively)[42](index=42&type=chunk) [Internal Control and Credit Rating](index=17&type=section&id=Internal%20Control%20and%20Credit%20Rating) The Group implements strict credit policies, including identity verification and repayment capacity assessment, with management overseeing loan approvals and credit quality monitoring - The Group has established **strict credit policies and control measures** to mitigate credit risk, including identity verification, assessment of repayment ability, and due diligence[43](index=43&type=chunk) - Management is responsible for **evaluating and approving loans** within predetermined credit limits and regularly monitoring credit policies and the credit quality of the loan portfolio[43](index=43&type=chunk) - Borrowers are **independent third parties** and have undergone credit rating in compliance with the Company's credit rating policy[45](index=45&type=chunk) [Loan Impairment Policy](index=18&type=section&id=Loan%20Impairment%20Policy) The Group assesses expected credit losses under HKFRS 9, classifying loans into three stages and regularly evaluating impairment based on historical experience and economic forecasts - The Group applies the requirements of **HKFRS 9** regarding expected credit losses and regularly conducts impairment assessments for each loan under the money lending business[46](index=46&type=chunk) - Loans are classified into **three stages** based on the increase in credit risk, with Stage 3 representing credit-impaired loans[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) [Loan Approval, Renewal, and Collection](index=19&type=section&id=Loan%20Approval%2C%20Renewal%2C%20and%20Collection) Loan approvals involve internal credit assessments and AML compliance, renewals include updated evaluations, and the Group pursues legal actions for overdue loans while monitoring repayment records - Before loan approval, an **internal credit assessment** is conducted, including identity verification, proof of income/assets, collateral assessment, and public inquiries to comply with anti-money laundering regulations[51](index=51&type=chunk) - Loan renewals involve similar **updated assessments**, considering the borrower's past repayment record and changes in market conditions[52](index=52&type=chunk) - The Group regularly reviews repayment records and the loan portfolio, taking appropriate actions such as **legal demand letters and legal proceedings** for overdue loans, and ensuring compliance with the Money Lenders Ordinance and anti-money laundering regulations[54](index=54&type=chunk)[55](index=55&type=chunk)[60](index=60&type=chunk) [Interest Rates](index=20&type=section&id=Interest%20Rates) Loan interest rates are determined by market conditions, competition, available funds, and borrower quality, with the current loan portfolio having a 10% annual interest rate and no impairment losses - Loan interest rates are determined based on the overall **market environment, competitor rates, available funds, and the overall quality of the borrower**[56](index=56&type=chunk) - As of June 30, 2025, the annual interest rate for the existing loan portfolio was **10%**[56](index=56&type=chunk) - For the six months ended June 30, 2025, the Group recorded **zero HKD** in impairment losses on loans and interest receivables[57](index=57&type=chunk) [Geographical Analysis](index=21&type=section&id=Geographical%20Analysis) Revenue for the period primarily originated from European countries, the US, China (including Hong Kong), and other regions, with a decreased proportion from Europe and the US Revenue Contribution by Region (For the six months ended June 30) | Region | 2025 Revenue ('000 HKD) | 2024 Revenue ('000 HKD) | % of Total Revenue (2025) | % of Total Revenue (2024) | | :------------ | :---------------------- | :---------------------- | :------------------------ | :------------------------ | | Europe (Switzerland, Belgium, France) | 65,700 | 95,400 | 34.9% | 36.0% | | United States | 39,900 | 71,700 | 21.2% | 27.1% | | China (including Hong Kong) | 26,100 | 33,300 | 13.9% | 12.6% | | Others | 56,400 | 64,300 | 30.0% | 24.3% | | Total | 188,100 | 264,700 | 100% | 100% | [Financial Review](index=21&type=section&id=Financial%20Review) The Group's revenue, cost of sales, and gross profit declined, with gross margin impacted by US tariffs, while other income rose, net exchange losses narrowed, and finance costs significantly increased, leading to a larger loss attributable to owners Key Financial Metrics Changes (For the six months ended June 30) | Indicator | 2025 ('000 HKD) | 2024 ('000 HKD) | Change (%) | 2025 % of Revenue | 2024 % of Revenue | | :------------------- | :-------------- | :-------------- | :--------- | :---------------- | :---------------- | | Revenue | 188,200 | 264,700 | -28.9% | 100% | 100% | | Cost of sales | 147,200 | 191,000 | -22.9% | 78.2% | 72.2% | | Gross profit | 41,000 | 73,700 | -44.4% | 21.8% | 27.8% | | Other income | 9,800 | 6,200 | +58.1% | 5.2% | 2.3% | | Other gains and losses | (900) | (21,600) | +95.8% | -0.5% | -8.2% | | Reversal of impairment losses | 4,500 | – | N/A | 2.4% | 0% | | Selling and distribution expenses | 14,000 | 15,700 | -10.8% | 7.4% | 5.9% | | Administrative expenses | 43,000 | 48,800 | -11.9% | 22.8% | 18.4% | | Research and development expenses | 6,600 | 5,400 | +22.2% | 3.5% | 2.0% | | Finance costs | 6,600 | 2,400 | +175.0% | 3.5% | 0.9% | | Loss attributable to owners of the Company | 16,300 | 3,900 | +317.9% | -8.6% | -1.5% | - Gross margin decreased to **21.8%** (2024: 27.8%), primarily due to lower sales volumes resulting from **US tariffs** and a higher proportion of fixed factory costs[64](index=64&type=chunk) - Finance costs increased mainly due to **higher borrowings and bonds payable** compared to the previous period[71](index=71&type=chunk) [Liquidity, Capital, and Risk Management](index=23&type=section&id=Liquidity%2C%20Capital%2C%20and%20Risk%20Management) The Group maintains a robust current ratio and increased cash, with a slightly higher gearing ratio but sufficient financial resources, while managing foreign exchange risk without a hedging policy [Liquidity and Financial Resources](index=23&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's current ratio is 2.6 times, cash and cash equivalents increased to HKD 331.3 million, with increased total borrowings and bonds payable, resulting in a gearing ratio of 39.2% - The Group's current ratio is **2.6 times** (December 31, 2024: 2.8 times), maintaining a robust position[75](index=75&type=chunk) - Cash and cash equivalents amounted to **HKD 331.3 million**, an increase of HKD 19.3 million compared to December 31, 2024[75](index=75&type=chunk) Borrowings and Bonds Payable (As of June 30) | Item ('000 HKD) | 2025 June 30 | 2024 Dec 31 | Change (%) | | :-------------- | :----------- | :---------- | :--------- | | Total borrowings | 17,300 | 14,300 | +21.0% | | Bonds payable | 33,800 | 25,000 | +35.2% | - The gearing ratio was **39.2%** (December 31, 2024: 39.0%), calculated as total liabilities divided by total assets[76](index=76&type=chunk) [Capital Structure](index=24&type=section&id=Capital%20Structure) As of June 30, 2025, the company's total issued shares remained consistent with the prior year-end at 224,289,185 shares of HKD 0.2 par value each - As of June 30, 2025, the total number of issued shares of the Company was **224,289,185 shares** with a par value of HKD 0.2 per share, consistent with December 31, 2024[77](index=77&type=chunk) [Foreign Exchange Risk](index=24&type=section&id=Foreign%20Exchange%20Risk) The Group's sales and purchases are mainly in USD, RMB, and EUR, with low USD risk due to the HKD peg, while RMB is subject to controls, and no hedging policy is currently in place - The Group's majority of sales and purchases are denominated in **US dollars, Renminbi, and Euros**, with low US dollar foreign exchange risk due to the Hong Kong dollar peg[78](index=78&type=chunk) - Renminbi is not freely convertible and is subject to **foreign exchange controls** by the Chinese government; the Group currently has no foreign exchange hedging policy but will closely monitor and consider hedging tools as appropriate[78](index=78&type=chunk) [Capital Expenditure and Commitments](index=24&type=section&id=Capital%20Expenditure%20and%20Commitments) Capital expenditure for the period was approximately HKD 2.5 million, with commitments of HKD 3.9 million, primarily for acquiring plant and machinery for the electronic manufacturing services business - For the period ended June 30, 2025, capital expenditure was approximately **HKD 2.5 million**, and capital commitments were approximately **HKD 3.9 million**[79](index=79&type=chunk) - Capital expenditure and commitments are primarily related to the acquisition of **plant and machinery** to meet the demands of the electronic manufacturing services business[79](index=79&type=chunk) [Financial Guarantee Contracts](index=25&type=section&id=Financial%20Guarantee%20Contracts) The Group has an outstanding guarantee for a supplier of a disposed subsidiary, limited to USD 650,000, with a counter-indemnity in place, making liability unlikely - The Group has an outstanding guarantee for a supplier of a disposed subsidiary, limited to **USD 650,000** (approximately HKD 5.1 million)[80](index=80&type=chunk)[81](index=81&type=chunk) - The disposed subsidiary has provided a **counter-indemnity** to the Group, and management believes it is highly unlikely that the Group will incur any liability from this guarantee[81](index=81&type=chunk) [Contingent Liabilities, Pledge of Assets, and Material Investments](index=25&type=section&id=Contingent%20Liabilities%2C%20Pledge%20of%20Assets%2C%20and%20Material%20Investments) As of June 30, 2025, the Group had no material contingent liabilities, pledged assets, or significant investments - As of June 30, 2025, the Group had **no material contingent liabilities**[82](index=82&type=chunk) - As of June 30, 2025, the Group had **no pledged assets**[83](index=83&type=chunk) - As of June 30, 2025, the Group had **no material investments**[84](index=84&type=chunk) [Events After the Reporting Period](index=25&type=section&id=Events%20After%20the%20Reporting%20Period) The company has no events after the reporting period to disclose - The Company has **no events after the reporting period**[85](index=85&type=chunk) [Human Resources](index=25&type=section&id=Human%20Resources) As of June 30, 2025, the Group employed approximately 800 staff, offering competitive remuneration to attract and retain talent for smooth operations and expansion - As of June 30, 2025, the Group employed approximately **800 employees**[86](index=86&type=chunk) - The Group offers **competitive remuneration packages** to attract and retain quality talent, ensuring smooth operations and meeting continuous expansion needs[86](index=86&type=chunk) [Prospects](index=26&type=section&id=Prospects) The Group anticipates rapid growth in China's energy storage sector driven by policy, technology, and demand, planning innovation, business model optimization, and global expansion, including a new Cambodian subsidiary for the US market - The Group believes China's energy storage industry will maintain **rapid growth** driven by policy, technology, and market demand, and plans to focus on **technological innovation, business model optimization, and global expansion**[87](index=87&type=chunk) - In July 2025, the Group registered a subsidiary in **Cambodia**, planning to invest approximately **USD 5 million** to establish production facilities to enjoy tax incentives and enhance marketing efforts to attract potential US customers[88](index=88&type=chunk) - Facing global economic challenges such as high interest rates, geopolitical conflicts, debt crises, and recurring inflation, the Group will continue to **closely monitor market conditions** and adjust its business development strategies[88](index=88&type=chunk) [Other Information](index=26&type=section&id=Other%20Information) This section covers dividend policy, share transactions, corporate governance, audit committee review, and the current composition of the Board of Directors [Dividends and Share Transactions](index=26&type=section&id=Dividends%20and%20Share%20Transactions) The Board does not recommend an interim dividend for the period, and neither the company nor its subsidiaries purchased, sold, or redeemed any listed securities - The Board does not recommend the payment of an **interim dividend** for the current period (2024: nil)[89](index=89&type=chunk) - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's **listed securities** during the period[90](index=90&type=chunk) [Corporate Governance and Audit Committee](index=27&type=section&id=Corporate%20Governance%20and%20Audit%20Committee) The company adheres to the Listing Rules' Model Code, with deviations regarding the combined Chairman/CEO role and independent non-executive director attendance, while the Audit Committee reviewed the interim financial statements - The Company has adopted the **Model Code for Securities Transactions by Directors** of Listed Issuers as set out in Appendix C1 of the Listing Rules and is committed to maintaining a high standard of corporate governance[91](index=91&type=chunk)[92](index=92&type=chunk) - There are two deviations from the Corporate Governance Code provisions: the roles of **Chairman and Chief Executive Officer are not separated** (held concurrently by Mr. Lam Dai Luen), and some **Independent Non-executive Directors were unable to attend the Annual General Meeting**[93](index=93&type=chunk)[94](index=94&type=chunk) - The Audit Committee, together with management, has reviewed the **accounting principles and policies** adopted by the Group and the unaudited condensed interim financial statements for the period[95](index=95&type=chunk) [Board of Directors](index=28&type=section&id=Board%20of%20Directors) As of the announcement date, the Board comprises executive directors Mr. Lam Dai Luen (Chairman), Mr. Lau Chi Wai, Ms. Bian Sulan, Mr. Wang Qi, and Ms. Wu Jingjing, along with independent non-executive directors Ms. Cheung Sau Lin, Mr. Li Wai Mo, and Mr. Hu Zi Jing - The Board of Directors includes Executive Directors **Mr. Lam Dai Luen (Chairman), Mr. Lau Chi Wai, Ms. Bian Sulan, Mr. Wang Qi, and Ms. Wu Jingjing**[97](index=97&type=chunk) - Independent Non-executive Directors include **Ms. Cheung Sau Lin, Mr. Li Wai Mo, and Mr. Hu Zi Jing**[97](index=97&type=chunk)

Group 1 - The company, China Energy Storage Technology Development (01143.HK), announced that the joint placement agreement has become invalid due to the inability to meet the conditions outlined in the agreement by August 19, 2025 [1] - As a result, the placement will not be executed [1] - This decision comes in light of recent market conditions affecting the company's operations [1] Group 2 - The board of directors made the announcement regarding the joint placement agreement [1] - The failure to fulfill the conditions of the agreement indicates potential challenges in the company's strategic initiatives [1] - The announcement reflects the company's response to the current market environment [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。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 承董事會命 中國儲能科技發展有限公司 主席兼執行董事 林代聯 香港，二零二五年八月十九日 （前稱環亞國際醫療科技集團有限公司） （於開曼群島註冊成立的有限公司） （股份代號：1143） 配售協議失效 茲提述中國儲能科技發展有限公司（「本公司」）日期為二零二五年六月二十三日、 二零二五年七月十五日及二零二五年七月二十九日的公告（「該等公告」），內容有 關本公司與聯席配售代理就配售事項訂立聯合配售協議。除另有指明者外，本公 告所用詞彙與該等公告所載者具有相同涵義。 鑑於近期市況，董事會宣佈由於聯合配售協議所載條件無法於二零二五年八月十 九日前全面達成，故聯合配售協議已失效及配售事項不會付諸實行。有關配售事 項的所有權利、義務及責任將告停止，且聯席配售代理根據聯合配售協議所承擔 ...

Group 1 - The company, China Energy Storage Technology Development (01143.HK), will hold a board meeting on August 29, 2025, to review and approve its interim results for the six months ending June 30, 2025, and to discuss the proposal for an interim dividend, if any [1] - The company has extended the deadline for the placement of up to 44.86 million shares [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。 董事會會議日期 中國儲能科技發展有限公司（「本公司」）董事會（「董事會」）謹此公佈，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（ 其中包括 ）考慮及批准 本公司及其附屬公司截至二零二五年六月三十日止六個月的中期業績及其發佈、 考慮派發中期股息（ 如有 ）及處理任何其他事項。 代表董事會 中國儲能科技發展有限公司 主席兼執行董事 林代聯 香港，二零二五年八月十五日 於本公告日期，董事會成員包括執行董事林代聯先生（ 主席 ）、卞蘇蘭女士、劉志 威先生、王琪先生及吳晶晶女士；獨立非執行董事李慧武先生、胡子敬先生及張 秀琳女士。 （前稱環亞國際醫療科技集團有限公司） （於開曼群島註冊成立的有限公司） （股份代號：1143） ...

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7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: 中國儲能科技發展有限公司 呈交日期: 2025年8月4日 II. 已發行股份及/或庫存股份變動 | 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) | 01143 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 224,289,185 | | | | 224,289,185 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 224,289,185 | | 0 | | 224,289,185 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類 ...

Core Viewpoint - China Energy Storage Technology Development (01143.HK) announced an extension of the deadline for the placement of up to 44.86 million shares due to the need for more time to meet the conditions outlined in the joint placement agreement [1] Group 1 - The company has entered into a second supplemental agreement with the joint placement agent to extend the final deadline from July 29, 2025, to August 19, 2025, or a later date as mutually agreed in writing [1]

（股份代號：1143） 進一步延長有關根據一般授權配售新股份的最後截止日期 茲提述中國儲能科技發展有限公司（「本公司」）日期為二零二五年六月二十三日的 公告，內容有關根據一般授權配售新股份（「該公告」）及本公司日期為二零二五年 七月十五日有關延長最後截止日期的公告（「延長公告」）。除另有說明者外，本公 告所用詞彙具有該公告及延長公告所界定的相同涵義。 誠如延長公告所披露，根據日期為二零二五年七月二十九日的聯合配售協議補充 配售協議（「第一份補充配售協議」），最後截止日期已由二零二五年七月十五日延 長 至 二 零 二五 年 七 月 二 十 九 日（ 或 本 公 司 與 聯席 配 售 代 理 可 能 書 面 協定 的 較 後 日 期 ）。 由於本公司需要更多時間達成聯合配售協議所載的先決條件，本公司與聯席配售 代理於二零二五年七月二十九日訂立配售協議的第二份補充協議（「第二份補充配 售協議」），據此，訂約各方同意將最後截止日期由二零二五年七月二十九日進一 步 延 長 至 二零 二 五 年 八 月 十 九 日（ 或 本 公 司 與聯 席 配 售 代 理 可 能 書 面協 定 的 較 後 日期 ）。 董事認為，第二份 ...