Core Insights - The World Economic Forum (WEF) has released a report on the growth of green economic benefits, highlighting how leading companies convert green market participation into competitive advantages [1] - The growth of the green economy has generated over $5 trillion in annual benefits for businesses across various sectors, with expectations to exceed $7 trillion by 2030, presenting growth opportunities for global enterprises [1] - The growth rate of green revenues is twice that of traditional revenues, with companies generating green income performing better on multiple financial metrics, including lower capital costs and higher valuations [1] Technology Cost Trends - Since 2010, the technology costs for solar photovoltaics and lithium batteries have decreased by approximately 90%, while offshore wind technology costs have dropped by about 50%, enhancing global cost competitiveness [1] - However, technologies such as low-carbon hydrogen and carbon capture, utilization, and storage (CCUS) remain high-cost and require significant support for advancement [1]

Core Viewpoint - The coal industry in the coal-producing county of Zhugeerqi is undergoing a comprehensive transformation, focusing on sustainable development and value creation through intelligent and green practices [1][3][15]. Group 1: Industry Transformation - Zhugeerqi, with a population of less than 400,000, plays a crucial role in supplying energy to 25 provinces and regions in China, with coal stability being a key pillar of its development [3]. - The region is implementing intelligent upgrades in coal mining, with robots monitoring underground conditions and enhancing safety and efficiency [4][6]. - The Inner Mongolia Energy Group's new power plant aims to achieve a breakthrough in energy efficiency, consuming only 274 grams of coal to generate one kilowatt-hour of electricity, which is about 10% less than the national average [17][18]. Group 2: Smart Mining Practices - The Dafenpu coal mine has undergone significant intelligent transformation since 2022, achieving an 80% level of overall intelligence in operations, which enhances both safety and production efficiency [8][9]. - The implementation of smart systems allows for remote monitoring and control of mining operations, reducing the need for on-site personnel and improving operational efficiency [6][8]. Group 3: Waste Utilization and Value Creation - Companies like Yuhua New Technology Materials are transforming industrial waste, such as fly ash, into high-value products like grinding balls, significantly increasing their market value from under 100 yuan per ton to between 6,500 and 8,500 yuan [11][13]. - The region is addressing the challenge of coal waste management by developing new materials and products from coal by-products, contributing to a circular economy [14][19]. Group 4: Green Mining Initiatives - The Dafenpu coal mine has been recognized as a national-level green mine, focusing on ecological restoration and sustainable agricultural practices alongside coal production [19][22]. - The establishment of the Inner Mongolia Liangyun Agricultural Development Company reflects the commitment to sustainable practices, with initiatives to plant economic trees and create a modern ecological agricultural landscape [19][23]. - Zhugeerqi is positioning itself as a model for resource-based cities to achieve green, efficient, and sustainable development, with multiple green mines contributing to the local ecosystem [22][23].

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，概不對因本公佈全部或任何部分容而生或因倚賴該等容而引致的任何損失承擔 任何責任。 承董事會命 綠色經濟發展有限公司 執行董事兼行政總裁 （ 於開曼群島註冊成立的有限公司） （股份代號：1315） 香港總辦事處及 主要營業地點和聯繫號碼之變更 綠 色 經 濟 發 展 有 限 公 司（「 本 公 司」）董 事 會（「 董 事 會」）謹 此 宣 佈 ， 自 二 零 二 六 年 一 月 一 日 起，本公司香港之總辦事處及主要營業地點、聯繫電話和傳真號碼將更改如下： 地址：香港西營盤干諾道西118號20樓2001室 電話號碼：852 2238 0238 傳真號碼：852 2562 8278 Green Economy Development Limited 綠 色 經 濟 發 展 有 限 公 司 湯洪洋 香港，二零二五年十二月二十九日 於本公佈日期，董事會包括六名執行董事，即朱峰先生、湯洪洋先生、朱小東先生、周鼎宸先生、蘇俊杰先 生及馮嘉倫先生；及三名獨立非執行董事，即王偉軍先生，章晟曼先生及李小婷 ...

Financial Performance - For the six months ended September 30, 2025, the group recorded revenue from continuing operations of approximately HKD 1,236 million, a slight increase of about 1% compared to HKD 1,225 million in the same period last year[9]. - The gross profit from continuing operations decreased from approximately HKD 11.3 million in the previous interim period to about HKD 1.6 million in the current period[9]. - The group reported a loss of approximately HKD 8.1 million from discontinued operations, compared to a profit of about HKD 0.6 million in the previous interim period[11]. - The profit attributable to the company's owners was approximately HKD 4.7 million, an increase of about HKD 2.5 million from HKD 2.2 million in the previous interim period[11]. - Earnings per share for the period were approximately HKD 0.75, compared to HKD 0.41 in the previous interim period[12]. - The total comprehensive income for the period was HKD 7,798,000, up from HKD 5,666,000 in the previous year, representing an increase of approximately 37.6%[51]. - The net profit from continuing operations for the period was HKD 12,750,000, compared to HKD 1,566,000 in 2024, marking an increase of approximately 715%[50]. - The company reported a significant increase in bank interest received, amounting to HKD 3,238,000 for the six months ended September 30, 2025, compared to HKD 2,995,000 in the previous year, marking an 8.1% increase[57]. - The company reported a loss of HKD 8,899,000 for the six months ending, compared to a loss of HKD 8,973,000 for the same period in 2024[108]. Revenue Breakdown - The supply chain management segment recorded revenue of approximately HKD 1,236 million, including material trading revenue of HKD 1,232 million and transportation service revenue of HKD 3.98 million[13]. - Revenue from external customers for the six months ended September 30, 2025, was HKD 1,236,227,000, compared to HKD 1,224,709,000 for the same period in 2024, reflecting a year-over-year increase[71]. - The group’s revenue from material trading in Hong Kong was HKD 117,775,000 for the six months ended September 30, 2025, down from HKD 240,097,000 in 2024[71]. - Revenue from mainland China (excluding Hong Kong) increased to HKD 1,118,452,000 in 2025 from HKD 984,612,000 in 2024, indicating a growth of approximately 13.6%[71]. Operational Strategy - The group has established solid business relationships with a diversified customer base in the supply chain management sector since its inception in 2019[15]. - The group’s procurement strategy involves bulk purchasing of iron ore products at competitive prices to ensure sufficient inventory at ports to meet customer demand[16]. - The group plans to continue developing its supply chain management business, focusing on value-added services such as price monitoring and proactive procurement planning[15]. - The company has signed long-term storage agreements with major ports in China, significantly reducing overall storage and logistics costs, allowing for more competitive pricing for customers[18]. - The company typically pays suppliers a deposit of up to 15% of the purchase price for iron ore products, while offering customers a credit period of up to one month, improving their cash flow and liquidity[19]. - The company maintains a robust supply chain network, ensuring stable and reliable supply of various grades of iron ore products, which supports growth in supply chain management operations[20]. Financial Position - As of September 30, 2025, the group's current assets and current liabilities were approximately HKD 736.4 million and HKD 589.2 million, respectively, resulting in a current ratio of 1.25[28]. - The total cash and bank deposits amounted to approximately HKD 201.6 million as of September 30, 2025, up from HKD 144.1 million as of March 31, 2025[28]. - The group's total interest-bearing loans were approximately HKD 219.0 million as of September 30, 2025, compared to HKD 207.3 million as of March 31, 2025[28]. - The capital debt ratio was approximately 29.6% as of September 30, 2025, down from 31.1% as of March 31, 2025[29]. - The total amount of credit financing obtained from various banks was approximately HKD 69.5 million and USD 50 million as of September 30, 2025[29]. - The company has sufficient liquidity and financial resources to meet its current business financial needs[29]. Shareholder Information - The company did not recommend any dividends for the six months ended September 30, 2025, consistent with the previous year[81]. - The company issued new shares amounting to HKD 25,972,000 in the previous year, which is not repeated in the current period, indicating a shift in financing strategy[57]. - As of September 30, 2025, Mr. Zhu Feng holds 174,797,650 shares, representing 28.11% of the company's issued share capital[122]. - Ensure Prestige Limited owns 96,276,700 shares, accounting for 15.48% of the company's issued share capital[126]. - Mega Start Limited holds 46,912,500 shares, which is 7.54% of the company's issued share capital[126]. - The total number of issued shares as of September 30, 2025, is 621,876,317[124]. Corporate Governance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[130]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's interim performance[133]. - The company has not received any notifications regarding interests in shares from any parties other than those disclosed[126]. Discontinued Operations - The company reported a profit from discontinued operations of HKD 6,086,000 for the six months ended September 30, 2025, down from HKD 16,505,000 in the prior year[79]. - The company completed the sale of Prosper Ace Investments Limited for HKD 1, with a settlement amount of HKD 15 million to clear outstanding debts[77][78]. - The financial performance of the target company has been classified as discontinued operations, with its assets and liabilities categorized as held for sale as of September 30, 2025[25]. - The sale of the target company was completed on October 22, 2025[26]. - The company reported a total revenue of HKD 125,203,000 from discontinued operations, a decrease of 42% from HKD 214,777,000 in the previous year[79]. - The loss per share from discontinued operations for the six months ended September 30, 2025, was HKD 1.305, compared to a profit of HKD 0.114 per share in 2024, with a total loss of approximately HKD 8,113,000[85]. Employee Compensation - The total employee compensation for the period was approximately HKD 18.9 million, a decrease from HKD 25.1 million in the previous interim period[46]. - The total remuneration for directors and key management personnel for the six months ending September 30, 2025, was HKD 5,873,000, down from HKD 8,488,000 in 2024, indicating a decrease of approximately 30%[111]. New Initiatives - The company has adopted a new share option scheme to attract and retain talent, which is effective for ten years[95]. - As of September 30, 2025, the company granted a total of 3,332,278 stock options, representing approximately 0.5% of the issued share capital[96]. - The new share option plan allows for a total of 37,499,999 options, which is about 6.03% of the total issued shares as of September 30, 2025[119].

Dear Non-registered Shareholder(s)(Note 1), 30 December 2025 The following document(s) of Green Economy Development Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.greeneconomy.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- Interim Report 2025 You may at any time send your request in writing to the Company (c/o its Hong Kong Branch Share Registrar, Union Registrars Limited ("Ho ...

Dear Registered Shareholder(s), 30 December 2025 The following document(s) of Green Economy Development Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.greeneconomy.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- Green Economy Development Limited 綠色經濟發展有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號: 1315) NOTIFICATION LETTER 通知 ...

Core Insights - Green leasing plays a significant role in China's transition to a green economy, with Xinyi Jinzuo being a pioneer in this sector, having invested over 300 billion yuan in green leasing over 15 years [1][2] Group 1: Company Development and Strategy - Xinyi Jinzuo has established a comprehensive green leasing business model, focusing on energy conservation and emission reduction as key areas since its inception [2] - The company has developed a product system that includes clean energy, pollution prevention, ecological restoration, and more, creating a virtuous cycle of funding, technology implementation, and environmental improvement [2][3] - The company aims to implement a "regional + industry" asset construction strategy to consolidate its existing business while exploring new growth areas in traditional and emerging industries [7] Group 2: Financial Performance and Market Position - As of November this year, Xinyi Jinzuo's green leasing asset balance is nearly 100 billion yuan, with cumulative investments exceeding 300 billion yuan, marking significant growth from 100 billion yuan in 2017 and 200 billion yuan in 2022 [2][3] - The company has successfully launched innovative financial products linked to carbon emissions, such as the first "carbon emission rights pledge" case, providing 180 million yuan in funding to a paper company [3] Group 3: Industry Challenges and Future Outlook - The green leasing market in China is projected to reach 10 trillion yuan by 2060, given a 10% penetration rate, indicating substantial growth potential [6] - Challenges include the lack of specific standards for green leasing, as existing standards primarily cater to banking, which may not fully address the unique attributes of leasing [6] - Xinyi Jinzuo plans to focus on sectors like renewable energy, traditional industry upgrades, and green logistics, while enhancing its capabilities in asset selection and management [4][5][7]

Core Viewpoint - The third annual "Ring Daiyun Mountain" Green Economy Industry Regional Alliance conference was held in Yongchun County, focusing on promoting high-quality development of the green economy in the region through the establishment of the Straits (Fujian) Ecological Product Trading Center [1][3]. Group 1: Regional Development and Collaboration - The "Ring Daiyun Mountain" area, known for its ecological richness and as an important ecological barrier, has unique advantages for developing a green economy [3]. - The Fujian "Ring Daiyun Mountain" Green Economy Industry Regional Alliance, established in 2023, includes six counties: Yongchun, Dehua, Youxi, Datian, Xianyou, and Yongtai, and aims to transition from "single resource output" to "full-chain collaboration" [3]. - The alliance has begun to form a green economy industry belt valued at over 100 billion [3]. Group 2: Strategic Initiatives and Innovations - The conference saw the unveiling of the "Rural Talent Station Alliance" and the appointment of an expert advisory group to inject intellectual resources into regional development [5]. - Three strategic cooperation agreements were reached, focusing on bamboo-based new materials, co-construction of bamboo product bases, and collective entry of ecological products from the six counties into provincial highway service areas [5]. - Future efforts will concentrate on three main directions: promoting green industrial development, nurturing strategic talent, and facilitating ecological value transformation [5]. Group 3: Standards and Practices - The release of the "Technical Regulations for the Construction of Standard Land for Under-Forest Economy" and the "Practice Report on Realizing the Value of Ecological Products in Yongchun County" provides a framework for refined management and value development of ecological resources [5]. - The conference theme emphasized ecological value transformation as a means to lead regional collaborative development [5].

Core Viewpoint - China has established the world's largest clean energy supply system, supporting economic growth while reducing energy intensity significantly [1][2]. Group 1: Clean Energy Development - From 2012 to 2024, China's energy consumption grew at an average rate of 3.4%, contributing to an average economic growth of 6.1%, with a cumulative energy intensity reduction of 27.1% [1]. - The Central Economic Work Conference emphasized accelerating the construction of a new energy system and expanding green electricity applications [1]. - The implementation opinions recently issued aim to create new application scenarios in the clean energy sector, promoting a low-carbon transition in the energy industry [1]. Group 2: International Context - The global agenda for clean and low-carbon energy transition has gained momentum, with nearly 200 countries agreeing to a "fossil fuel phase-out" at the 2023 UN Climate Change Conference [1]. - A target was set to triple global renewable energy capacity and double the rate of energy efficiency improvement by 2030 [1]. - As of May 2024, 151 countries have proposed carbon neutrality goals [1]. Group 3: Challenges and Solutions - Despite significant progress in renewable energy, challenges remain, such as the mismatch between renewable energy expansion and grid construction, leading to issues like "curtailment" of wind and solar power [2]. - There is a need to enhance the capacity for renewable energy consumption and reduce coal consumption to meet carbon peak targets by 2030 [2]. - A comprehensive approach is required to improve the adaptability of new power systems to renewable energy and enhance grid acceptance capabilities [2]. Group 4: Application and Innovation - There is a push to expand clean energy application scenarios, particularly in resource-rich areas, by strengthening the collaboration of upstream and downstream industries [3]. - Traditional industries are encouraged to innovate processes to increase flexibility in energy use across various applications [3]. - Emphasis is placed on technological innovation in renewable energy, including advancements in photovoltaic and wind power technologies, as well as energy storage solutions [3].

Core Viewpoint - The second round of testing for the bulk trading market is set to begin in January 2026, as part of the ongoing efforts to advance the green economy transition and improve the national carbon market system [1][3]. Group 1: Green Economy Transition - The green economy transition is being pursued with a focus on steady progress, phased advancement, preliminary testing, and continuous improvement, indicating a deepening institutionalization and standardization of the carbon market [3][10]. - The national carbon market is a crucial institutional tool for achieving the "dual carbon" goals and serves as an essential infrastructure for promoting the green economy transition [3][11]. Group 2: Bulk Trading Market - The bulk trading mechanism is an important supplement to the national carbon market trading system, enhancing trading efficiency and liquidity management, while providing richer reference information for price formation [5][10]. - The first round of bulk trading testing showed stable and orderly operation, with increased market participation and a well-tested trading system, providing valuable data for future institutional optimization and risk assessment [6][10]. Group 3: Second Round Testing - The upcoming second round of testing will build on the experiences from the first round, focusing on further verifying and improving the trading system, operational mechanisms, and risk prevention capabilities [7][9]. - The second round is not merely a repetition but aims to conduct more systematic stress testing and scenario validation to support the high-quality development of the carbon market [7][11]. Group 4: Market Expectations and Implications - As the timeline for the second round of testing becomes clearer, market expectations for the national carbon market's development are also becoming more defined [9][10]. - The continuous testing and improvement of the bulk trading mechanism will enhance the transparency and continuity of carbon asset price references, boosting investor confidence in the long-term development of the carbon market [10][11].