FF301 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12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: Nan Nan Resources Enterprise Limited南南資源實業有限公司 (於百慕達註冊成立之有限公司） 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 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) | 01229 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,0 ...

NAN NAN RESOURCES ENTERPRISE LIMITED 南南資源實業有限公司 （ Incorporated in Bermuda with limited liability ） （於百慕達註冊成立之有限公司） （Stock Code 股份代號：1229） NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 4 December 2025 The following document(s) of Nan Nan Resources Enterprise Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.nannanlisted.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites" ...

NAN NAN RESOURCES ENTERPRISE LIMITED 南南資源實業有限公司 （ Incorporated in Bermuda with limited liability ） （於百慕達註冊成立之有限公司） （Stock Code 股份代號：1229） NOTIFICATION LETTER 通 知 信 函 Dear Shareholder(s), 4 December 2025 The following document(s) of Nan Nan Resources Enterprise Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.nannanlisted.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- • Interim Report 2 ...

FF301 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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Nan Nan Resources Enterprise Limited南南資源實業有限公司 (於百慕達註冊成立之有限公司） 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 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) | 01229 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HK ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 193,652,000, an increase of 8.2% compared to HKD 178,204,000 for the same period in 2024[12] - Gross profit decreased to HKD 75,282,000 from HKD 96,171,000, representing a decline of 21.7% year-over-year[12] - The company reported a net loss of HKD 3,441,000 for the period, compared to a profit of HKD 47,143,000 in the previous year[12] - Total comprehensive income for the period was HKD 7,080,000, down from HKD 23,241,000 in the same period last year[12] - The company’s basic loss per share was HKD (0.44), compared to earnings per share of HKD 6.18 in the previous year[12] - The company experienced a foreign exchange loss of HKD 915,000, contrasting with a gain of HKD 14,538,000 in the prior year[12] - The total comprehensive income for the six months ended September 30, 2025, was HKD 6,974,000, compared to a loss of HKD 3,375,000 in the previous period[15] - The company reported a loss of HKD 3,375,000 during the period, which contributed to a total equity of HKD 247,723,000 as of September 30, 2025[15] - The company reported a pre-tax profit of HKD 2,748,000, slightly down from HKD 2,842,000 in the previous year[42] - The company reported a loss attributable to shareholders of HKD 3,375,000, compared to a profit of HKD 47,334,000 for the same period in 2024, representing a significant decline[48] Assets and Liabilities - Non-current assets increased to HKD 411,492,000 as of September 30, 2025, compared to HKD 376,429,000 as of March 31, 2025, reflecting a growth of 9.3%[13] - Cash and cash equivalents rose to HKD 282,336,000 from HKD 248,219,000, indicating an increase of 13.7%[13] - Current liabilities increased to HKD 370,472,000 from HKD 325,184,000, marking a rise of 13.9%[13] - The company's non-current liabilities rose to HKD 89,580,000 from HKD 77,496,000, marking an increase of 15.5%[14] - The company's total assets as of September 30, 2025, amounted to HKD 337,303,000, up from HKD 318,139,000, reflecting a growth of 6.0%[14] - The total liabilities increased to HKD 460,052,000 as of September 30, 2025, compared to HKD 402,680,000 as of March 31, 2025, representing an increase of approximately 14.2%[35] - Current liabilities exceeded current assets by approximately HKD 74,189,000, raising significant doubts about the group's ability to continue as a going concern[27] Cash Flow - Operating cash inflow for the six months ended September 30, 2025, was HKD 81,548,000, a decrease of 34.9% compared to HKD 125,300,000 for the same period in 2024[22] - Net cash from operating activities for the same period was HKD 72,276,000, down 39.7% from HKD 119,906,000 in 2024[22] - Total cash outflow for investment activities was HKD 56,394,000, slightly increased from HKD 56,325,000 in the previous year[22] - Financing activities generated a net cash inflow of HKD 15,021,000, compared to a cash outflow of HKD 673,000 in the prior period[22] - The net increase in cash and cash equivalents was HKD 30,903,000, down from HKD 62,908,000 in the previous year[22] Business Segments - The coal business generated revenue of HKD 191,690,000, while the renewable energy business contributed HKD 1,962,000, and the IT services business reported no revenue for the period[33] - The renewable energy business's revenue increased from HKD 1,814,000 in 2024 to HKD 1,962,000 in 2025, marking a growth of approximately 8.1%[37] - Coal sales contributed HKD 191,690,000 to revenue, up 10.2% from HKD 173,906,000 in the previous year[40] - The IT services business generated no revenue during the reporting period, a decrease of approximately HKD 2,484,000 or 100% compared to the previous year[86] Capital Expenditure and Investments - The company invested HKD 15,395,000 in property, plant, and equipment during the period, compared to HKD 3,825,000 in the same period last year, indicating a significant increase in capital expenditure[33] - The company has acquired new mining rights for the expanded Kaiyuan coal mine, with a purchase price of RMB 160,978,000, valid for 30 years starting from August 2019[110] - The company has committed to significant capital investments in equipment and facilities to support the phased expansion of mining activities[116] Shareholder Information - The company has a total of 765,373,584 ordinary shares issued and fully paid as of September 30, 2025[68] - Major shareholders, including Jin Biao Investment Limited, hold approximately 205.08% of the issued shares[135] - The company did not declare or recommend any interim dividends for the six months ended September 30, 2025[47] Governance and Compliance - The company has complied with the Corporate Governance Code, except for the deviation regarding the separation of the roles of Chairman and CEO, which are held by the same individual[139] - The Audit Committee consists of three independent non-executive directors and has reviewed the group's accounting principles and interim financial information[144]

Core Viewpoint - South South Resources (01229) reported a revenue of HKD 194 million for the six months ending September 30, 2025, representing an increase of 8.67% year-on-year. However, the company recorded a loss attributable to shareholders of HKD 3.375 million, compared to a profit of HKD 47.334 million in the same period last year, resulting in a basic loss per share of HKD 0.44 [1] Revenue Breakdown - The coal mining segment saw a revenue increase primarily due to a rise in coal sales volume, which increased by approximately 56.63% compared to the same period last year [1] - Revenue growth was attributed to the increase in sales volume, despite a decrease in the average selling price per ton, which fell by approximately HKD 37.02 (or about 29.63%) to around HKD 87.94 per ton, down from approximately HKD 124.96 per ton in 2024 [1] - The decline in average selling price was mainly due to intense competition in the local market [1] Other Business Segments - The renewable energy segment experienced a slight revenue increase of about 8.16%, primarily influenced by exchange rate effects during the reporting period [1] - The information technology services segment did not generate any revenue, with a significant year-on-year decline of 100% due to ongoing adverse economic conditions impacting this business category [1] - The company undertook measures to streamline operations, including workforce reductions and the termination of unprofitable service projects, to control costs and mitigate further losses in the information technology services segment [1]

Core Viewpoint - South South Resources (01229) reported a revenue of HKD 194 million for the six months ending September 30, 2025, representing an increase of 8.67% year-on-year. However, the company recorded a loss attributable to shareholders of HKD 3.375 million, compared to a profit of HKD 47.334 million in the same period last year, resulting in a basic loss per share of HKD 0.44 [1] Revenue Breakdown - The increase in revenue from the coal mining business was primarily due to a significant rise in coal sales volume, which increased by approximately 56.63% compared to the same period last year [1] - The revenue increase was influenced by the rise in sales volume, despite a decrease in the average selling price per ton, which fell by approximately HKD 37.02 (or about 29.63%) to around HKD 87.94, down from approximately HKD 124.96 in 2024 [1] - The decline in average selling price was mainly attributed to intense competition in the local market [1] Other Business Segments - The renewable energy business saw a slight revenue increase of about 8.16%, primarily due to currency exchange rate effects during the reporting period [1] - The information technology services segment did not generate any revenue, experiencing a significant decline of 100% year-on-year due to ongoing adverse economic conditions impacting this business category [1] - The company undertook measures to streamline operations, including workforce reductions and the termination of unprofitable service projects, to control costs and mitigate further losses in the information technology services segment [1]

Core Viewpoint - The company reported an increase in revenue for the six months ending September 30, 2025, compared to the same period last year, but also experienced a significant loss during the reporting period [1] Financial Performance - The company recorded revenue of approximately HKD 194 million for the reporting period, an increase of about HKD 15.45 million or approximately 8.67% compared to HKD 178 million in the previous year [1] - The loss for the reporting period was approximately HKD 3.44 million, representing a decrease in profit of about HKD 50.58 million compared to the same period last year [1]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 193,652,000, an increase of 8.2% compared to HKD 178,204,000 for the same period in 2024[3] - Gross profit for the same period was HKD 75,282,000, down 21.7% from HKD 96,171,000 in 2024[3] - The company reported a net loss of HKD 3,441,000 for the six months ended September 30, 2025, compared to a profit of HKD 47,143,000 in 2024[4] - Total comprehensive income for the period was HKD 7,080,000, a decrease of 69.6% from HKD 23,241,000 in the previous year[4] - Basic loss per share for the period was HKD (0.44), compared to earnings per share of HKD 6.18 in the previous year[4] - The company reported a pre-tax profit of HKD 2,748,000, slightly down from HKD 2,842,000, indicating a decrease of 3.3%[29] - Total income tax expense for the six months was HKD 12,186,000, down 35.5% from HKD 18,998,000 in the previous year[31] - The company reported a loss attributable to shareholders of HKD 3,375,000 for the six months ended September 30, 2025, compared to a profit of HKD 47,334,000 for the same period in 2024[40] Assets and Liabilities - Non-current assets increased to HKD 411,492,000 as of September 30, 2025, compared to HKD 376,429,000 as of March 31, 2025[5] - Current assets totaled HKD 296,283,000, up from HKD 266,894,000 as of March 31, 2025[5] - Total liabilities increased to HKD 370,472,000 as of September 30, 2025, compared to HKD 325,184,000 as of March 31, 2025[6] - The company's equity attributable to owners was HKD 248,921,000, up from HKD 241,947,000[6] - Total assets as of September 30, 2025, amounted to HKD 707,775,000, compared to HKD 643,323,000 as of March 31, 2025[20] - Total liabilities increased to HKD 460,052,000 as of September 30, 2025, from HKD 402,680,000 as of March 31, 2025[20] - As of September 30, 2025, the company reported current liabilities of approximately HKD 370,472,000, an increase from HKD 325,184,000 as of March 31, 2025[84] - The company's asset-liability ratio is approximately 1.31, compared to 1.12 as of March 31, 2025[85] Business Segments - The company operates in three main business segments: coal mining and sales, renewable energy solutions, and information technology services[8] - Revenue from coal mining business reached HKD 191,690,000 for the six months ended September 30, 2025, an increase of 10.2% from HKD 173,906,000 in the same period of 2024[18] - The renewable energy segment generated revenue of HKD 1,962,000, a 8.2% increase from HKD 1,814,000 in the previous year[18] - The technology services segment reported a loss of HKD 30,000, with total revenue of HKD 2,484,000[19] - The information technology services business reported no revenue, a decrease of approximately HKD 2,484,000 or 100% compared to HKD 2,484,000 in the previous year, due to ongoing economic challenges[50] Cash Flow and Investments - The company's cash and cash equivalents increased to HKD 282,336,000 from HKD 248,219,000[5] - The company invested HKD 15,395,000 in property, plant, and equipment during the reporting period[18] - The company has a total of HKD 16,233,000 in receivables as of September 30, 2025, compared to HKD 8,169,000 as of March 31, 2025, indicating a significant increase in receivables[41] - The company has pledged mining rights valued at approximately HKD 86,071,000 as of September 30, 2025[87] Operational Changes and Strategies - The company has implemented strict cost control measures in response to a significant decline in demand for IT services, including scaling down operations and terminating loss-making business lines[46] - The company has decided to further reduce the scale of its IT services business, including staff reductions and operational cost cuts, to optimize its business portfolio[46] - The company plans to focus on consolidating and expanding its core coal mining business, which remains the main driver for sustainable growth and value creation[81] - The company anticipates reasonable capital expenditures for new facilities and machinery, primarily funded by coal sales revenue and external bank financing[83] - The company has maintained a policy of limited resource allocation in its information technology services business due to a challenging operating environment[82] Governance and Compliance - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position[11] - The financial information is prepared in accordance with the applicable disclosure provisions of the Hong Kong Stock Exchange[9] - The financial data is unaudited but has been reviewed by the audit committee and external auditors[10] - The company has adopted the "Standard Code of Conduct for Securities Transactions by Directors" as per Appendix C3 of the Listing Rules[95] - The Audit Committee consists of three independent non-executive directors, ensuring compliance with accounting principles and discussing interim financial data[96] - The board of directors includes four executive directors and three independent non-executive directors, ensuring a diverse governance structure[99] Future Outlook - The company plans to increase coal production capacity from 900,000 tons per year to 4,000,000 tons by the fiscal year 2024/25, maintaining the mining area at approximately 4.112 square kilometers[79] - The company is committed to sustainable development and compliance with local regulations, ensuring a solid foundation for future operations[79] - The company has no significant investments or acquisitions planned for the future as of September 30, 2025[83]

Core Viewpoint - Nanshan Resources (01229) issued a profit warning, expecting a significant shift from a profit of approximately HKD 47.1 million for the six months ending September 30, 2024, to a loss of no more than HKD 10 million for the six months ending September 30, 2025 [1] Financial Performance - The company anticipates a loss primarily due to fair value changes in a zero-coupon convertible bond issued in 2008, which has a face value of HKD 200 million and is set to mature on March 13, 2026. The fair value loss is estimated at approximately HKD 31.7 million [1] - Other factors contributing to the net impact include foreign exchange losses, which were previously foreign exchange gains for the interim period ending in 2024, and a decrease in gross profit attributed to rising sales costs and declining average unit prices in the coal mining business [1]