FF301 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10月3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 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 股份發行 ...

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8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） FF301 呈交日期: 2025年9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 | HKD ...

NAN NAN RESOURCES ENTERPRISE LIMITED 南南資源實業有限公司 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 任何部分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。 （於百慕達註冊成立之有限公司） （股份代號：1229） 於二零二五年八月二十二日舉行之 股東周年大會之投票結果 南 南 資 源 實 業 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，於 二 零 二 五 年 八 月 二 十 二 日（星 期 五）上 午 十 一 時 三 十 分 假 座 香 港 上 環 皇 后 大 道 中181號 新 紀元廣場21樓 舉 行 之 本 公 司 股 東 周 年 大 會（「股東周年大會」）上，於 日 期 為 二 零 二 五年七月二十五日之股東周年大會通告所載之所有普通決議案已以按股數投票 方 式 獲 本 公 司 股 東（「股 東」）正 式 通 過。 於股東周年大會日期，本公司已發行股份（「股份」）總數為765,373,584股，此乃賦予 持有人權利出席股東周 ...

FF301 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8月6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 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 股份 ...

Group 1 - The coal stocks in Hong Kong experienced a collective decline, with notable drops in several companies [1] - Green Leader Holdings fell nearly 8%, while China Coal Energy dropped over 4% [1] - Other companies such as South Resources, Mongolian Coking Coal, and Yancoal Australia also saw declines exceeding 3% [1] Group 2 - Specific stock performance includes: - Green Leader Holdings: -7.84% at a price of 0.094 with a market cap of 49.4685 million [2] - China Coal Energy: -4.23% at a price of 9.730 with a market cap of 129.007 billion [2] - South Resources: -3.92% at a price of 0.245 with a market cap of 1.88 million [2] - Mongolian Coking Coal: -3.76% at a price of 7.930 with a market cap of 8.226 billion [2] - Yancoal Australia: -3.18% at a price of 31.950 with a market cap of 42.188 billion [2] - China Shenhua: -2.30% at a price of 33.950 with a market cap of 674.536 billion [2]

(Stock Code 股份代號: 1229) (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） 2024/25 Annual Report 年 報 本年報以環保紙印製 This report is printed on environmentally friendly paper ANNUAL REPORT 2024/25 年報 NAN NAN RESOURCES ENTERPRISE LIMITED CONTENT 目錄 This annual report is prepared in English and Chinese. In case of inconsistency, please refer to the English version as it shall prevail. 本年報以中英文編製。 如有任何歧義，敬請參閱英文版本，並以英文版本為準。 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 13 Management Discussion ...

Core Viewpoint - The coal sector in Hong Kong is experiencing a strong performance, with Mongolian Coal rising nearly 11% amid a recovery in coal prices and positive supply-side policy expectations [1] Group 1: Company Performance - Mongolian Coal (00975.HK) increased by 10.95% [1] - Yanzhou Coal Mining (01171.HK) rose by 4.88% [1] - Nanshan Resources (01229.HK) saw a gain of 3.70% [1] Group 2: Market Dynamics - According to CITIC Securities, the recovery in coal prices is driving positive sentiment in the sector [1] - The sector is expected to enter a new round of opportunities due to the resonance of supply and demand expectations [1]

Core Viewpoint - The Hong Kong coal stocks have strengthened, with Mongolian Coal rising nearly 7% due to increased demand for thermal coal amid ongoing high temperatures and supply constraints [1] Group 1: Company Performance - Mongolian Coal (00975.HK) increased by 6.68% [1] - South Gobi Resources (01878.HK) rose by 5.38% [1] - China Qinfa (00866.HK) saw a rise of 4.02% [1] - Nanshan Resources (01229.HK) experienced a 2.88% increase [1] Group 2: Market Dynamics - Since July, high temperatures have led to a steady increase in thermal coal demand [1] - Supply has consistently fallen short of expectations, resulting in a seller's market for thermal coal [1] - The supply-demand relationship in the thermal coal market continues to favor sellers, supporting ongoing price increases [1]

Financial Performance - The company reported a revenue of HKD 327,049,000 for the fiscal year ending March 31, 2025, representing a significant increase from HKD 116,069,000 in the previous year, marking a growth of approximately 181.5%[2] - Gross profit for the same period was HKD 153,526,000, up from HKD 43,138,000, indicating a growth of about 256.5%[2] - The net profit for the year was HKD 71,788,000, compared to HKD 37,697,000 in the prior year, reflecting an increase of approximately 90.3%[2] - The company reported a basic earnings per share of HKD 9.48, compared to HKD 5.11 in the previous year, reflecting an increase of about 85.5%[3] - The group reported a net profit of HKD 71,788,000 for the year, compared to a net profit of HKD 37,697,000 in the previous year, marking an increase of 90%[22] - The group recorded revenue of approximately HKD 327,049,000 for the year, an increase of about HKD 210,980,000 or approximately 181.77% compared to the previous year[63] Assets and Liabilities - The company's total assets decreased to HKD 318,139,000 from HKD 448,471,000, a decline of about 29.1%[4] - Current liabilities increased significantly to HKD 325,184,000 from HKD 76,521,000, representing a rise of about 325.5%[4] - The company's equity attributable to owners rose to HKD 241,947,000 from HKD 171,400,000, an increase of approximately 41.0%[5] - The group’s total liabilities were HKD 402,680,000, compared to HKD 353,218,000 in the previous year, indicating an increase of 14%[23] - The group reported a current liability exceeding current assets by approximately HKD 58,290,000 as of March 31, 2025, raising significant doubts about the company's ability to continue as a going concern[15] Segment Performance - Revenue from external customers for the renewable energy segment reached HKD 319,597,000, a significant increase from HKD 98,060,000 in the previous year, representing a growth of 226%[25] - The coal mining segment operates in mainland China, while the renewable energy segment provides services in Malaysia, and the IT services segment operates in Hong Kong, Malaysia, Singapore, and the UK[20] - The coal mining business generated revenue of approximately HKD 319,597,000, up about HKD 221,537,000 or approximately 225.92% year-on-year, with sales volume increasing to approximately 2,704,639 tons, a rise of about 2,074,337 tons or approximately 329.10%[64] - The renewable energy business contributed revenue of approximately HKD 3,676,000, up from HKD 3,487,000 in the previous year, primarily due to exchange rate effects[79] - The IT services business generated revenue of approximately HKD 3,776,000, a substantial decrease from HKD 14,522,000 in the previous year, attributed to a challenging economic environment and intense competition[79] Investments and Capital Expenditures - The company has made significant investments in intangible assets, which increased to HKD 237,453,000 from HKD 182,121,000, a growth of approximately 30.4%[4] - The company invested HKD 87,238,000 in intangible assets during the year, which is a strategic focus for future growth[21] - The company has made substantial capital expenditures in mining operations to enhance automation and technology for safer and more efficient coal extraction[47] - The company is committed to significant capital investments in equipment, machinery, and facilities to support the increased mining operations[58] Challenges and Future Outlook - The company anticipates challenges in the coal mining business due to increased local coal supply and industry competition leading to declining coal prices[47] - The company is evaluating strategic options for its IT services business, which may include a gradual phase-out due to a challenging economic environment[48] - The company anticipates facing ongoing challenges, particularly with coal prices expected to decline due to increased local mining capacity and competition[60] Governance and Compliance - The company has complied with the Corporate Governance Code, with a noted deviation regarding the separation of the roles of Chairman and CEO, which are held by the same individual[95] - The Audit Committee, established in March 1999, currently includes three independent non-executive directors[97] - The financial figures for the year have been reviewed by the company's auditor, but no formal assurance has been provided[98] Miscellaneous - The company decided not to engage further with local government regarding environmental costs, resulting in a voluntary settlement of HKD 7,043,000[31] - No dividends were declared or proposed for the year ending March 31, 2025, consistent with the previous year[37] - The company has no pledged assets as of March 31, 2025, following the full repayment of interest-bearing loans in the previous year[88] - The company has no significant investments or acquisitions planned for the future, but anticipates reasonable capital expenditures for environmental projects and safety improvements[82]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 178,204,000, a significant increase from HKD 54,100,000 in the same period last year, representing a growth of 229%[12] - Gross profit for the same period was HKD 96,171,000, compared to HKD 7,752,000 in the previous year, indicating a substantial increase in profitability[12] - The company achieved a profit before tax of HKD 66,141,000, up from HKD 14,806,000 year-on-year, reflecting a growth of 346%[12] - Net profit for the period was HKD 47,143,000, compared to HKD 17,371,000 in the prior year, marking an increase of 171%[12] - The basic earnings per share rose to HKD 6.18 from HKD 2.38, showing a significant improvement in shareholder value[12] - Total comprehensive income for the period was HKD 23,241,000, compared to a loss of HKD 1,760,000 in the same period last year, indicating a turnaround in financial performance[12] Cash Flow and Liquidity - For the six months ended September 30, 2024, the net cash generated from operating activities was HKD 119,906 thousand, compared to a net cash used of HKD 16,712 thousand in the same period last year[24] - The net cash used in investing activities amounted to HKD 56,325 thousand, significantly higher than the HKD 14,421 thousand used in the previous year[24] - The net cash used in financing activities was HKD 673 thousand, a decrease from HKD 4,478 thousand in the prior period[24] - As of September 30, 2024, cash and cash equivalents totaled HKD 250,149 thousand, an increase from HKD 181,023 thousand at the same time last year[24] - The company reported a significant increase in cash flow from operations, with interest paid of HKD 49 thousand and income tax paid of HKD 5,345 thousand[24] Assets and Liabilities - As of September 30, 2024, total assets amounted to HKD 505,580,000, an increase from HKD 448,471,000 as of March 31, 2024, representing a growth of approximately 12.7%[14] - Non-current assets increased to HKD 366,856,000 from HKD 325,425,000, reflecting a rise of about 12.8%[14] - Current liabilities increased to HKD 118,950,000 from HKD 76,521,000, which is an increase of about 55.5%[14] - The equity attributable to owners of the company increased to HKD 194,753,000 from HKD 171,400,000, showing a growth of approximately 13.6%[16] - The company’s non-current liabilities rose to HKD 310,565,000 from HKD 276,697,000, an increase of approximately 12.2%[16] Revenue Segmentation - For the six months ended September 30, 2024, total revenue from external customers was HKD 178,204,000, with coal mining contributing HKD 173,906,000, renewable energy contributing HKD 1,814,000, and IT services contributing HKD 2,484,000[37] - The gross profit for the coal mining segment was HKD 95,311,000, while the IT services segment reported a gross loss of HKD 30,000, resulting in a total gross profit of HKD 96,171,000[37] - The net profit for the period was HKD 47,143,000, with the coal mining segment contributing HKD 60,453,000 and the IT services segment reporting a net loss of HKD 2,886,000[37] Operational Highlights - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[12] - Future outlook remains positive with expectations of continued revenue growth and market expansion strategies being implemented[12] - The company plans to continue its focus on expanding its coal mining operations and enhancing its renewable energy solutions in Malaysia[37] Taxation and Compliance - The company incurred a total income tax expense of HKD 18,998,000 for the six months ended September 30, 2024, compared to a tax credit of HKD 2,565,000 for the same period in 2023[57] - The effective tax rate for the company's subsidiaries in mainland China was 25% for both periods under review[58] - The company’s Malaysian subsidiaries are subject to a corporate tax rate of 24%, with certain exemptions applicable for smaller entities[60] Shareholder Information - The total issued and paid-up ordinary shares as of September 30, 2024, was 765,373,584, with a total amount of HKD 76,537,000[90] - Major shareholders hold a total of 1,569,616,589 shares, representing approximately 205.08% of the company's issued shares[179][182] Convertible Bonds - The company issued zero-coupon convertible bonds with a principal amount of HKD 200,000,000, allowing conversion at a price of HKD 0.20 per share[92] - The fair value of the convertible bonds as of September 30, 2024, is HKD 232,799,000, an increase from HKD 208,149,000 as of March 31, 2024[99] - The loss from fair value changes of the convertible bonds during the reporting period is HKD 10,128,000, compared to a gain of HKD 62,794,000 in the previous period[99] Employee and Operational Costs - Employee costs for the six months ended September 30, 2024, were HKD 17,333 thousand, slightly higher than HKD 16,379 thousand in the same period of 2023, an increase of 5.8%[54] - Administrative and other operating expenses amounted to approximately HKD 32,372,000, an increase of about HKD 2,212,000 or approximately 7.3% compared to HKD 30,160,000 last year, primarily due to increased salaries and bonuses[126] Strategic Initiatives - The board is evaluating strategic options, which may include divesting the information technology services business due to ongoing economic challenges[158] - The company aims to diversify its business portfolio and expand into higher growth sectors, particularly in technology and renewable energy[157]