COURAGE INVESTMENT GROUP LIMITED 勇利投資集團有限公司 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) (Hong Kong Stock Code 香港股份代號: 1145) (Singapore Stock Code 新加坡股份代號: CIN) Dear non-registered shareholder1 , 21 May 2025 Courage Investment Group Limited (the "Company") Notice of publication of (i) the Circular in relation to the general mandates to issue and repurchase shares, re-election of retiring directors and notice of annual general meeting and (ii) the proxy form (collectively, the "Current ...

COURAGE INVESTMENT GROUP LIMITED 勇利投資集團有限公司 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) (Hong Kong Stock Code 香港股份代號: 1145) (Singapore Stock Code 新加坡股份代號: CIN) Dear registered shareholder, Courage Investment Group Limited (the "Company") Notice of publication of (i) the Circular in relation to the general mandates to issue and repurchase shares, re-election of retiring directors and notice of annual general meeting and (ii) the proxy form (collectively, the "Current Corporate Communic ...

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，並明確表示概不會就本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的任何損失承擔任何責任。 COURAGE INVESTMENT GROUP LIMITED 1145 CIN 股東週年大會通告 茲通告勇利投資集團有限公司（「本公司」）謹訂於二零二五年六月十七日（星期二）上午十 一時正假座香港灣仔謝斐道238號香港諾富特世紀酒店B3層1-2號宴會廳舉行股東週年大 會（「股東週年大會」），並透過於Connection 4, Level 3, Amara Hotel, 165 Tanjong Pagar Road, Singapore 088539舉行之視像會議，以討論下列事項： 普通決議案 - 1 - 1. 省覽、考慮及採納本公司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 報表、董事會報告及核數師報告。 2. 重選退任董事，並授權董事會釐定本公司董事之酬金。 3. 續聘德勤•關黃陳方會計師行為本公司之核數師及授權董事會釐定其酬金。 4. 作為特別事項，考慮及酌情通過（不論有否修訂）下列決議案 ...

此乃要件 請即處理 閣下如對本通函之任何方面有任何疑問，應諮詢持牌證券交易商、銀行經理、律師、專業會計 師或其他專業顧問。 閣下如已出售或轉讓名下之所有勇利投資集團有限公司股份，應立即將本通函連同隨附之委任 代表表格送交買主或承讓人或經手買賣或轉讓之持牌證券交易商、銀行或其他代理商，以便轉 交買主或承讓人。 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通函之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就本通函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。 COURAGE INVESTMENT GROUP LIMITED 1145 CIN 發行及購回股份之一般授權、 重選退任董事 及 股東週年大會通告 除文義另有所指外，本封面所用詞彙與本通函所界定者具有相同涵義。 勇利投資集團有限公司謹訂於二零二五年六月十七日（星期二）上午十一時正假座香港灣仔謝斐 道238號香港諾富特世紀酒店B3層1-2號宴會廳舉行股東週年大會或其任何續會，大會通告載 於本通函第AGM-1至AGM-5頁。倘任何股東或寄存人或其受委代表擬在新加坡參與股東週年 大會，可透過於Connecti ...

勇利投資集團有限公司 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) (Hong Kong Stock Code 香港股份代號: 1145) (Singapore Stock Code 新加坡股份代號: CIN) Should you have any queries relating to this letter, please call the Share Registrar's telephone hotline at (852) 2980 1333 during business hours from 9:00 a.m. to 6:00 p.m. from Monday to Friday, excluding Hong Kong public holidays or send an email to 1145-ecom@vistra.com. Dear non-registered shareholder1 , 14 April 2025 COURAGE INVESTMENT GROUP LIMITED Coura ...

COURAGE INVESTMENT GROUP LIMITED 勇利投資集團有限公司 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) (Hong Kong Stock Code 香港股份代號: 1145) (Singapore Stock Code 新加坡股份代號: CIN) Dear registered shareholder, Courage Investment Group Limited (the "Company") Notice of Publication of the Annual Report for the year ended 31 December 2024 (the "Current Corporate Communication(s)") The English and Chinese versions of the Company's Current Corporate Communication(s) are now available on the Company's website ( ...

Financial Performance - For the fiscal year 2024, the company recorded an 8% increase in revenue to $9,183,000, compared to $8,512,000 in 2023[11]. - The company achieved a profit attributable to owners of $1,706,000, a significant turnaround from a loss of $3,974,000 in the previous year[11]. - The basic earnings per share were $0.16, compared to a basic loss per share of $0.36 in 2023[11]. - The shipping business contributed a profit of $3,097,000, up from $2,227,000 in 2023[11]. - The company reported a gain of $106,000 from the sale of a subsidiary, compared to a loss of $2,100,000 in the previous year[11]. - The company reduced its credit loss provision on debt instruments to $389,000, down from $1,146,000 in 2023[11]. - In the fiscal year 2024, the shipping business recorded a revenue increase of 9% to $9,183,000, and profit increased by 39% to $3,097,000 compared to the previous year[16]. - The company recorded a loss of $389,000 in its investment holding business, a decrease from a loss of $1,186,000 in the previous year, primarily due to credit loss provisions on debt instruments[20]. - The group’s financial costs for the fiscal year 2024 were $20,000, a decrease of 89% from $187,000 in 2023, primarily due to the repayment of all borrowings within the year[28]. - As of December 31, 2024, the group's debt ratio was zero, compared to approximately 1% on December 31, 2023, calculated as total borrowings of $756,000 divided by total equity of $57,098,000[28]. - Bank interest income increased by 27% to $776,000 in 2024, up from $612,000 in 2023, mainly due to an increase in surplus funds[28]. - The net proceeds from the public offering amounted to $8,621,000, with $2,821,000 used to repay a bank revolving loan and the remaining $5,800,000 allocated for the group's shipping business operating capital[31]. Business Strategy and Outlook - The company plans to diversify its revenue sources to mitigate the cyclical impacts on fleet demand and promote sustainable long-term growth[12]. - The company remains cautiously optimistic about the medium to long-term prospects of the shipping business, driven by global economic recovery and increasing demand for bulk commodities[12]. - The company aims to enhance ship management standards while focusing on cost reduction and efficiency improvement[12]. - The company will actively seek opportunities to restart and expand its commodity trading business, as well as explore potential investment and acquisition opportunities[12]. Corporate Governance - The company emphasizes the importance of corporate governance and aims to achieve high standards in this area[85]. - The board believes that a healthy corporate culture is crucial for achieving the group's vision and values[86]. - The company has complied with all applicable provisions of the Corporate Governance Code as per the Hong Kong Listing Rules for the year ending December 31, 2024[87]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced composition[89]. - The company held four regular board meetings and two shareholder meetings during the year, with attendance rates for executive directors ranging from 75% to 100%[94]. - The company has established mechanisms to ensure independent non-executive directors can provide independent views and opinions[92]. - The role of the chairman and CEO is separated, with the chairman position currently vacant following the resignation of the previous chairman on November 22, 2024[95]. - The company encourages continuous professional development for all directors to enhance their knowledge and skills[90]. - The board evaluates the independence of non-executive directors annually, considering various factors such as character, integrity, and time commitment[92]. - The company provides independent professional advice to directors as needed, with costs borne by the company[92]. - The board will review its existing structure periodically and will appoint a new chairman when a suitable candidate is identified[95]. Environmental, Social, and Governance (ESG) Initiatives - The company has a strong focus on environmental sustainability and compliance with international regulations[47]. - The company aims to reduce greenhouse gas emissions intensity by 20% by the end of the fiscal year 2030, using fiscal year 2024 as the baseline[146]. - The total greenhouse gas emissions for fiscal year 2024 amounted to approximately 3,111.734 e tCO2, a significant decrease from 8.94 e tCO2 in fiscal year 2023[151]. - The company has identified key environmental, social, and governance (ESG) issues through a materiality assessment conducted in fiscal year 2024[140]. - The company has no significant violations related to air emissions, water, and land pollution laws during fiscal year 2024[144]. - The company has implemented various measures to reduce energy consumption, contributing to its overall sustainability goals[148]. - The company has established a "green deposit" at a bank to fund green projects, reflecting its commitment to corporate social responsibility[163]. - The company has established a crisis response plan to minimize the negative impacts of extreme weather events on operations[167]. - The company regularly reviews its environmental goals and the effectiveness of its environmental protection measures[143]. Employee and Workforce Management - The company has implemented a five-day workweek and provides various types of leave to promote work-life balance for employees[190]. - In the fiscal year 2024, the percentage of trained employees is approximately 77.78%, an increase from 76.47% in the fiscal year 2023[196]. - The average training hours per employee in fiscal year 2024 is about 20.00 hours, down from 35.59 hours in fiscal year 2023[196]. - The employee turnover rate for the fiscal year 2024 was 27.78%, with a total of 5 employees leaving the company[184]. - The company maintains a zero-tolerance policy towards any form of workplace harassment or discrimination[192]. - The company has established comprehensive safety management systems for its maritime operations, including a safety management manual and emergency plans[195]. - The company prohibits the employment of child labor and forced labor, adhering to relevant labor laws and regulations[197]. Supplier and Procurement Management - The group collaborates with 9 major suppliers in the fiscal year 2024, an increase from 6 in fiscal year 2023[200]. - The group prioritizes suppliers with ISO 14001 certification in its selection process[199]. - The group conducts regular inspections of suppliers to monitor compliance with environmental and social regulations[199]. - The group encourages suppliers to consider climate change risks and mitigate their environmental impact[199]. - The group has established a fair and competitive bidding process for supplier selection[200]. - The group shares sustainable operational practices and environmental concepts with suppliers[200].

COURAGE INVESTMENT GROUP LIMITED 執行董事 劉賽囡女士 （主席） 胡英厦先生 （行政總裁） 李春陽女士 獨立非執行董事 朱皋鳴先生 邱毅勇先生 鄧邦豪先生 董事會轄下設有三個委員會。下表載列各董事會成員在該等委員會中所擔任的職能： | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 劉賽囡 | - | - | 主席 | | 朱皋鳴 | 主席 | 成員 | 成員 | | 邱毅勇 | 成員 | 主席 | 成員 | | 鄧邦豪 | 成員 | 成員 | 成員 | 勇利投資集團有限公司 ( 於百慕達註冊成立之有限公司 ) (香港股份代號:1145) (新加坡股份代號: CIN) 董事名單與其角色和職能 勇利投資集團有限公司的董事會（「董事會」）成員載列如下： 香港，二零二五年三月三十一日 ...

COURAGE INVESTMENT GROUP LIMITED 勇利投資集團有限公司 ( 於百慕達註冊成立之有限公司 ) (香港股份代號: 1145) (新加坡股份代號: CIN) 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，並明確表示概不會就本公告全部或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 董事委員會組成之變更 董事會進一步宣佈董事委員會組成作出以下變動，自二零二五年三月三十一日起 生效： 2 (i) 周先生辭任本公司提名委員會( 提名委員會」)主席，以及本公司審核 委員會( 審核委員會」)和本公司薪酬委員會( 薪酬委員會」)成員； (ii) 鮑先生辭任薪酬委員會主席，以及提名委員會和審核委員會成員； (iii) 曹先生辭任審核委員會主席，以及提名委員會和薪酬委員會成員； (iv) 本公司董事會主席及執行董事劉賽囡女士( 劉女士」)已獲委任為提名 委員會主席； (v) 本公司獨立非執行董事朱皋鳴先生( 朱先生」)已獲委任為審核委員會 主席；以及 (vi) 本公司獨立非執行董事邱毅勇先生( 邱先生」)已獲委任 ...

香港，二零二五年三月十日 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，並明確表示概不會就本公佈全部或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 COURAGE INVESTMENT GROUP LIMITED 勇利投資集團有限公司 (香港股份代號: 1145) (新加坡股份代號: CIN) 更改香港主要營業地點 ( 於百慕達註冊成立之有限公司) 勇利投資集團有限公司(「本公司」)董事會(「董事會」)欣然宣佈，自二零二五年 三月十日起， 本公司之香港主要營業地點已更改至香港灣仔港灣道30號新鴻基 中心14樓1405-1412室。 承董事會命 勇利投資集團有限公司 行政總裁 胡英厦 於本公告日期，董事會成員包括三名執行董事，即劉賽囡女士 ( 主席 ) 、胡英厦先 生 ( 行政總裁 ) 及李春陽女士；以及六名獨立非執行董事，即周奇金先生、鮑少明 先生、曹海豪先生、朱皋鳴先生、邱毅勇先生和鄧邦豪先生。 ...