貸款乃以本集團暫時閒置的資金撥付，並未影響本集團的營運資金或日常營運。延 長貸款令本集團得以持續賺取利息收入，並為促進本集團與借方進一步業務合作奠 定良好基礎。此外，借方之最終實益擁有人張力先生已就貸款、未償還應計利息及 根據第三份補充協議將產生之利息之付款責任，向貸款人提供個人擔保。 考慮到上文所述者，董事（包括獨立非執行董事）認為第三份補充協議的條款乃按正 常商業條款訂立，屬公平合理，且符合本公司及股東的整體利益。 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，並明確表示概不就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的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 (於開曼群島註冊成立的有限公司) （股份代號：1277） 二零二零年貸款協議第三份補充協議之補充公告 茲提述力量發展集團有限公司（「本公司」）日期為二零二五年十二月二十二日的公告 （「該公告」），內容有關二零二零年貸款協議第三份補充協議。除非另有界定，否則 本公告所用詞彙與該公告所界定者具有相同涵義。 ...

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，並明確表示概不就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的任何損失承擔任何責任。 Kinetic Development Group Limited 具文忠 香港，二零二六年三月十一日 於本公告日期，董事會由七名董事組成，其中包括三名執行董事具文忠先生（主 席）、李波先生（行政總裁）及紀坤朋先生；一名非執行董事張琳女士；以及三名獨立 非執行董事劉佩蓮女士、陳量暖先生及薛慧女士。 (於開曼群島註冊成立的有限公司) （股份代號：1277） 力量發展集團有限公司 承董事會命 力量發展集團有限公司 主席兼執行董事 董事會會議日期 力量發展集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事會（「董事 會」）謹此宣佈，董事會會議將於二零二六年三月二十四日（星期二）舉行，藉以考慮 及批准（其中包括）刊發本集團截至二零二五年十二月三十一日止年度的末期業績， 以及建議派付股息（如有）。 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 10 頁 v 1.2.0 FF301 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 公司名稱: 力量發展集團有限公司 呈交日期: 2026年3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) | 01277 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 500,000,000,000 | USD | | 0.001 | USD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | 500,000,0 ...

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，並明確表示概不就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的任何損失承擔任何責任。 (於開曼群島註冊成立的有限公司) Kinetic Development Group Limited 力量發展集團有限公司 延期寄發通函 須予披露及關連交易 收購太原實地 及 東直門物業 茲提述本公司日期為二零二五年十二月四日及二零二五年十二月二十三日的公告， 內容有關太原實地收購事項及東直門物業收購事項的須予披露及關連交易（「該等公 告」）。本公告所用詞彙與該等公告所界定者具有相同涵義。 由於需要額外時間落實載於該通函的若干資料及商業安排，通函寄發日期預期將延 遲至二零二六年四月三十日或之前。 承董事會命 力量發展集團有限公司 主席兼執行董事 具文忠 香港，二零二六年二月二十七日 於本公告日期，董事會由七名董事組成，其中包括三名執行董事具文忠先生（主 席）、李波先生（行政總裁）及紀坤朋先生；一名非執行董事張琳女士；以及三名獨立 非執行董事劉佩蓮女士、陳量暖先生及薛慧女士。 2 誠如該等公告所披露，一份載 ...

Core Insights - The company has announced that the Makhado coking coal project in South Africa is nearing completion, with joint trial operations expected to start in April 2026 [2] - The company has increased its stake in MCMining to approximately 44.01% and aims to achieve 51% ownership, allowing for absolute control over the project [2] - The Makhado project is projected to be the only large-scale hard coking coal production project in South Africa, with a resource volume of 706 million tons, making it competitive in the international coking coal market [2] Production and Capacity - The project is on track to produce approximately 800,000 tons of coking coal and 700,000 tons of thermal coal annually, totaling around 1.5 million tons once stable production is achieved [3] - Future capacity enhancement plans could increase coking coal production to 2.2 million tons and thermal coal to 1.8 million tons within two years, representing an increase of over 160% [3] - The pricing mechanism will be linked to international indices, with current coking coal prices at approximately $200 per ton and thermal coal at $75 per ton, leading to estimated annual sales revenue of about $210 million at base capacity and $580 million post-expansion [3] Strategic Implications - The project will strengthen the company's dual strategy of "domestic coal stability + overseas mineral growth," reducing risks associated with single business cycles [4] - It will provide valuable experience in overseas mineral development and cross-regional operations, facilitating future expansion into more high-quality overseas resources [4] - This marks a transition for the company from a "coal enterprise" to a "diversified resource platform" [4]

Core Viewpoint - The recent announcement by Power Development Group (01277.HK) highlights the nearing completion of the Makhado coking coal project in South Africa, which is expected to start joint trial operations in April 2026, marking a significant step in the company's diversification strategy and presenting a compelling investment opportunity with both certainty and growth potential [1][8]. Group 1: Project Development and Control - The Makhado project is a key asset in Power Development's overseas resource strategy, with the company gradually increasing its stake in MC Mining to 51% through a phased capital increase approach, currently holding approximately 44.01% of the expanded issued share capital [2]. - The Makhado project is anticipated to be the only large-scale hard coking coal production project in South Africa, with a resource reserve of 706 million tons, and its coking coal products are expected to be competitive in the international market [2]. - The project has progressed ahead of schedule, with significant milestones achieved, including the completion of over 5.04 million cubic meters of overburden stripping and the near completion of core facilities, which are set to be fully operational by the end of March 2026 [3][5]. Group 2: Financial Expectations and Revenue Potential - The Makhado project is projected to have an annual production capacity of approximately 1.5 million tons of premium coal, with plans to increase coking coal production to 2.2 million tons and thermal coal to 1.8 million tons within two years, representing an increase of over 160% [6]. - The pricing mechanism for the products will be linked to international indices, with estimated annual sales revenue of approximately $210 million at base capacity, potentially increasing to about $580 million upon reaching full production [6]. - The project has engaged with over 20 potential customers across various regions, ensuring a broad market for its products and providing a solid foundation for sales [6]. Group 3: Strategic Implications and Growth Trajectory - The anticipated annual sales revenue of $580 million (approximately 4 billion RMB) from the Makhado project is expected to significantly enhance the overall revenue scale of Power Development Group, supporting its goal of surpassing 10 billion RMB in annual revenue [7]. - The project will reinforce the company's dual strategy of "domestic coal stability + overseas mineral growth," effectively mitigating risks associated with single business cycles and facilitating the transition from a coal enterprise to a diversified resource platform [7]. - With a current price-to-earnings ratio of only 9 times, below the industry average, the commencement of joint trial operations in April 2026 is expected to lead to a release of performance, potentially elevating the company's valuation [7].

Core Viewpoint - The company has completed a recent subscription, acquiring a total of 325,437,024 new ordinary shares of MC Mining, resulting in a holding of approximately 44.01% of MC Mining's expanded issued share capital [1] Group 1: Company Developments - The total resource volume of MC Mining's mining rights is approximately 8.3 billion tons, including flagship projects such as Makhado, Vele coal mine, Uitkomst coal mine, and the Greater Soutpansberg project [1] - The Makhado project has a resource volume of 706 million tons, primarily producing coking coal and 5,500 kcal thermal coal, laying a solid foundation for long-term development [1] - The construction of the Makhado project is progressing steadily, with completion expected by the end of March 2026 and joint trial operations planned to start in April 2026 [1] Group 2: Future Production Capacity - The Makhado project is designing and testing future capacity enhancement plans, with the potential to increase annual production capacity to 2.2 million tons of coking coal and 1.8 million tons of thermal coal within the next two years if tests are successful [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，概不對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的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 (於開曼群島註冊成立的有限公司) （股份代號：1277） 自願性公告 有關認購MC MINING股份 有關MAKHADO項目進度的最新情況 茲提述力量發展集團有限公司（「本公司」）日期為二零二四年八月二十六日、二零 二四年九月十三日、二零二五年二月二十八日及二零二五年十月三十日的公告（「該 等公告」），內容有關根據股份認購協議（經日期為二零二五年二月二十八日的修訂 協議修訂）認購MC Mining股份。除另有界定者外，本公告所用詞彙與該等公告所界 定者具有相同涵義。 完成第二次交割的第六批認購 董事會欣然宣佈，完成最近一批認購（第二次交割的第六批認購）後，本公司已認購 並獲配發合共325,437,024股MC Mining新普通股。本公司（連同其指定人士）目前持 有約44.01%MC Mining經擴大已發行股本。 ...

Core Insights - Tencent Holdings (00700), Southern Hang Seng Technology (03033), and Xiaomi Group-W (01810) ranked as the top three in net inflow of southbound funds, with net inflows of 1.792 billion, 0.571 billion, and 0.412 billion respectively [1] - The top three in net outflow of southbound funds were Yingfu Fund (02800), Hang Seng China Enterprises (02828), and Kuaishou-W (01024), with net outflows of -4.553 billion, -1.380 billion, and -0.576 billion respectively [1] - In terms of net inflow ratio, Huaxia Hang Seng Technology (03088), Southern East Selection (03441), and Anhui Wantuo Expressway (00995) led the market with ratios of 90.53%, 74.02%, and 68.27% respectively [1] - The top three in net outflow ratio were Southern Hong Kong Stock Connect (03432), Fuyao Glass (06865), and Baize Medical (02609) with ratios of -100.00%, -59.27%, and -53.09% respectively [1] Net Inflow Rankings - Tencent Holdings (00700) had a net inflow of 1.792 billion, representing a 12.21% increase, closing at 560.000 (+2.28%) [2] - Southern Hang Seng Technology (03033) saw a net inflow of 0.571 billion, with a 6.77% increase, closing at 5.300 (+1.34%) [2] - Xiaomi Group-W (01810) recorded a net inflow of 0.412 billion, with a 9.45% increase, closing at 35.200 (+0.06%) [2] Net Outflow Rankings - Yingfu Fund (02800) experienced the highest net outflow of -4.553 billion, with a -22.13% decrease, closing at 27.220 (+1.72%) [2] - Hang Seng China Enterprises (02828) had a net outflow of -1.380 billion, representing an -11.37% decrease, closing at 93.940 (+1.56%) [2] - Kuaishou-W (01024) faced a net outflow of -0.576 billion, with a -10.25% decrease, closing at 69.300 (-2.74%) [2] Net Inflow Ratio Rankings - Huaxia Hang Seng Technology (03088) led with a net inflow ratio of 90.53%, with a net inflow of 47.6883 million, closing at 6.875 (+1.33%) [3] - Southern East Selection (03441) followed with a net inflow ratio of 74.02%, with a net inflow of 18.0421 million, closing at 11.600 (+1.13%) [3] - Anhui Wantuo Expressway (00995) had a net inflow ratio of 68.27%, with a net inflow of 5.6553 million, closing at 13.340 (-0.07%) [3]

Core Viewpoint - The coal stocks continue their recent upward trend, driven by supply reduction policies in Indonesia aimed at boosting coal prices [1] Group 1: Stock Performance - Mongolian Coal (00975) increased by 5.15%, reaching HKD 12.65 [1] - Yanzhou Coal (01171) rose by 4.38%, reaching HKD 13.36 [1] - Power Development (01277) gained 3.23%, reaching HKD 1.92 [1] - Yancoal Australia (03668) increased by 2.36%, reaching HKD 33.78 [1] - China Coal Energy (01898) rose by 2.11%, reaching HKD 12.58 [1] Group 2: Supply Reduction Policies - Indonesian mining officials announced a significant reduction plan, leading to a suspension of spot coal exports [1] - The production quotas issued to major miners in Indonesia were reduced by 40% to 70% compared to the full-year level of 2025, as part of a strategy to boost coal prices [1] Group 3: Price Trends - Longcheng Securities reported that the logic of supply contraction driving coal prices upward has been validated [1] - Domestic coal supply has rapidly contracted due to inspections of overproduction, with Qinhuangdao thermal coal prices rising from a low of RMB 609 per ton to RMB 834 per ton [1] - The overall trend of coal prices internationally mirrors that of the domestic market, with exporting countries like Indonesia aiming to raise prices to improve corporate performance and enhance fiscal health [1] - Current coal prices are still considered low, with a significant distance from reasonable price levels, indicating a potential for price increases driven by policy-induced supply reductions [1]