Group 1 - The company, Aowei Holdings (01370.HK), will hold a board meeting on August 27, 2025 [1] - The meeting will review and approve the interim results for the six months ending June 30, 2025, and discuss the proposal for an interim dividend, if any [1]

（股份代號：1370） 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，並明確表示不會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的任何損失承擔任何責任。 AOWEI HOLDING LIMITED 奧 威 控 股 有 限 公 司 （ 於 英 屬 處 女 群 島 註 冊 成 立 並 於 開 曼 群 島存 續之 有 限 公 司 ） 董事會會議召開日期 奧威控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會會 議將於二零二五年八月二十七日（星期三）舉行，藉以（其中包括）考慮及批准本 公司及其附屬公司截至二零二五年六月三十日止六個月的中期業績及其發佈，以 及考慮派發中期股息（如有）。 承董事會命 奧威控股有限公司 主席 李豔軍先生 於本公告日期，本公司的執行董事為李豔軍先生、李子威先生、左月輝先生、孫濤 先生及陳立仙女士；而本公司的獨立非執行董事為黄思樂先生、孟立坤先生及葛 新建先生。 中華人民共和國，北京，二零二五年八月十五日 ...

Core Viewpoint - Aowei Holdings (01370.HK) anticipates a loss attributable to equity holders of approximately RMB 90 million for the six months ending June 30, 2025, compared to a loss of RMB 50.6 million in the same period of 2024 [1] Group 1 - The expected loss is primarily due to the depletion of the mineable portion at its subsidiary, Laiyuan Jiheng Mining Co., Ltd., which has halted operations [1] - Additionally, the decline in iron concentrate prices has led to a decrease in gross margin [1]

Core Viewpoint - The company anticipates a loss attributable to equity holders of approximately RMB 90 million in the first half of 2025, compared to a loss of RMB 50.6 million in the same period of 2024 [1] Group 1: Financial Performance - The expected loss for the first half of 2025 is significantly higher than the previous year's loss, indicating a worsening financial situation [1] - The primary reasons for the loss include the depletion of the exploitable portion of the open-pit iron mine operated by its subsidiary, Laiyuan Jiheng Mining Co., Ltd., and a decline in the selling price of iron concentrate, which has led to a decrease in gross margin [1]

Group 1 - The company expects to incur a loss attributable to equity holders of approximately RMB 90 million in the first half of 2025, compared to a loss of RMB 50.6 million in the same period of 2024 [1] - The primary reasons for the loss during the reporting period include the depletion of the exploitable portion of the open-pit iron ore mine operated by its subsidiary, Laiyuan Jiheng Mining Co., Ltd., and the suspension of mining activities [1] - Additionally, the decline in the selling price of iron concentrate has led to a decrease in gross profit margin [1]

（ 於 英 屬 處 女 群 島 註 冊 成 立 並 於 開 曼 群 島存 續之 有 限 公 司 ） （股份代號：1370） 內幕消息 盈利警告 本公告乃奧威控股有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）根據 香港法例第571章證券及期貨條例第XIVA 部的內幕消息條文及香港聯合交易所有 限公司證券上市規則第13.09條而刊發。 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據本 集團截至二零二五年六月三十日止六個月（「報告期」）未經審核綜合管理賬目的 初步評估及現時可獲得資料，預期報告期將錄得本公司權益持有人應佔虧損不多 於約人民幣90.0百萬元（二零二四年同期：錄得虧損為人民幣50.6百萬元）。本集團 於報告期內發生虧損主要歸因於本集團附屬公司淶源縣冀恆礦業有限公司（「冀恆 礦業」）露天鐵礦可開採部分基本開採完畢且暫停開採（詳情請參閱本公司於二零 二四年三月十五日刊發的內幕消息盈利警告公告）；以及，鐵精粉售價下降導致毛 利率下降所致。 本公告所載之財務資料僅基於董事會參考目前可得資料（包括本集團之最新未經 審核管理賬目）作出之初步評估，有關資料尚未經本公司核數師或本公 ...

致：香港交易及結算所有限公司 公司名稱: 奧威控股有限公司 呈交日期: 2025年8月4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) | 01370 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | 0.0001 | HKD | | 1,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | 0.0001 | HKD | | 1,000,000 | 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 | | | 本月底法定/註冊股本總額： HKD 1,000,000 FF301 第 1 頁 共 1 ...

Group 1 - The stock price of Aowei Holdings (01370.HK) closed at HKD 0.190 on June 24, down 5.0% from the previous trading day, reaching a new low in nearly a year with an intraday low of HKD 0.189 [1] - On the same day, the net capital outflow was HKD 20.51 thousand, with a total inflow of HKD 32.45 thousand and an outflow of HKD 237.58 thousand [1] Group 2 - Aowei Holdings Limited was established on January 14, 2011, under the laws of the British Virgin Islands and migrated to the Cayman Islands in May 2013, listing on the Hong Kong Stock Exchange on November 28, 2013 [2] - The company primarily engages in iron ore exploration, mining, beneficiation, and sales, as well as the production and sale of construction sand and gravel, operating three iron ore mines in Hebei Province, China [2] - As of December 31, 2014, the company had approximately 394.8 million tons of controlled iron ore resources, 307.8 million tons of recoverable reserves, and 223.7 million tons of inferred resources [2] - The company aims to benefit from the continuous growth of steel production in China and the severe shortage of locally produced iron ore, particularly in Hebei and Shanxi provinces [2] - Since early 2019, the company has been preparing to build a solid waste comprehensive utilization project with an annual capacity of 370,000 tons, promoting energy conservation and environmental restoration while reducing operational costs [2]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of RMB 645.659 million, a decrease of 3.3% compared to RMB 667.367 million in 2023[13]. - The gross profit for 2024 was RMB 76.918 million, down 22.4% from RMB 99.176 million in the previous year[13]. - The company incurred a net loss of RMB 289.621 million for 2024, compared to a net loss of RMB 549.139 million in 2023, indicating an improvement[13]. - The group recorded revenue of approximately RMB 645.7 million for the year ended December 31, 2024, a decrease of about 3.3% compared to the previous year[20]. - Gross profit for the year was approximately RMB 76.9 million, down about 22.4%, resulting in a gross margin of approximately 11.9% (2023: 14.9%) [20]. - The loss attributable to equity holders for the year was approximately RMB 289.6 million, compared to a loss of RMB 549.1 million in 2023[20]. - The group's gross profit for the reporting period was approximately RMB 76.9 million, a decrease of about RMB 22.3 million or 22.4% compared to the same period last year, with the gross profit margin decreasing from 14.9% to 11.9%[46]. - The group recorded a post-tax loss of approximately RMB 289.6 million for the reporting period, a decrease from a post-tax loss of RMB 549.1 million in the same period last year[60]. Assets and Liabilities - Total assets decreased to RMB 1,857.798 million in 2024 from RMB 2,201.011 million in 2023, reflecting a decline of 15.6%[15]. - The company's total equity stood at RMB 687.614 million in 2024, down 28.9% from RMB 965.597 million in 2023[15]. - Non-current assets decreased to RMB 1,492.019 million in 2024 from RMB 1,783.902 million in 2023, a decline of 16.3%[15]. - Current liabilities increased to RMB 900.646 million in 2024 from RMB 757.886 million in 2023, an increase of 18.8%[15]. - The group's total liabilities ratio as of December 31, 2024, was approximately 46.9%, an increase of about 5.5% compared to the same period last year[67]. - Current liabilities exceeded current assets by approximately RMB 534,867,000 as of December 31, 2024[200]. - The group had borrowings due within one year amounting to approximately RMB 632,992,000 and capital commitments of approximately RMB 18,114,000[200]. - Cash and cash equivalents were only approximately RMB 34,646,000 as of the same date, indicating liquidity concerns[200]. Production and Sales - Iron ore production for the year was approximately 721.8 thousand tons, a decrease of about 0.6% year-on-year, while sales volume increased by approximately 2.8% to 739.1 thousand tons[29]. - The average selling price of iron concentrate was approximately RMB 798.1 per ton, a decrease of about 1.7% compared to the previous year[29]. - The group’s iron ore business recorded revenue of approximately RMB 589.8 million, an increase of about 1.0% year-on-year[30]. - The total production of aggregates for the group was approximately 1,402.0 thousand tons, a decrease of about 49.3% year-on-year, while sales volume decreased by approximately 24.7% to 1,758.2 thousand tons[40]. - The average selling price of aggregates during the reporting period was approximately RMB 28.9 per ton, reflecting a decrease of 15.2% compared to the previous year[40]. Strategic Plans and Market Outlook - The company plans to focus on expanding its iron ore exploration and sales operations in Hebei province, China, which is a key market for steel production[8]. - The company is also exploring opportunities for green building materials production through the recycling of tailings[8]. - Future outlook includes potential strategic acquisitions to enhance market position and operational capabilities[8]. - The company anticipates that the demand for steel in 2025 will remain weak, with supply and price trends expected to stabilize or narrow in decline[73]. - The company plans to deepen cost reduction and efficiency enhancement mechanisms to improve profitability in its iron ore and aggregate businesses[74]. - The company aims to expand its green building materials aggregate production scale through new construction or acquisition of production lines[75]. - The company will actively explore sales opportunities beyond the Xiong'an New Area to increase aggregate sales and improve cash collection[75]. - The company expects that the investment ratio in the real estate sector will decrease at a slower pace due to government policies promoting healthy market development[73]. - The company anticipates continued growth in infrastructure investment, positively impacting steel demand[73]. Risk Management and Governance - The company has a comprehensive approach to risk management and internal controls as outlined in the corporate governance report[91]. - The board consists of experienced independent non-executive directors providing independent advice and guidance[83]. - The company has established an independent internal audit department that reports directly to the audit committee, ensuring effective risk management and internal control systems[163]. - The company has implemented a risk management and internal control system to mitigate operational risks and ensure accurate financial reporting[181]. - The board is tasked with ensuring compliance with legal and regulatory requirements and monitoring the effectiveness of the company's governance policies[176]. Employee and Corporate Governance - Employee welfare expenses for the group amounted to approximately RMB 74.5 million, a decrease from RMB 78.9 million in the previous year, with a total of 759 full-time employees as of December 31, 2024[43]. - The board consists of five executive directors and three independent non-executive directors, meeting the requirements of the Listing Rules[150]. - The company has established a retirement and employee benefits plan, details of which are included in the financial statements[140]. - The company has adopted a standard code of conduct for securities trading, with all directors confirming compliance throughout the year[132]. - The company has maintained the required public float as per the Listing Rules throughout the reporting period[134]. Shareholder Communication and Transparency - The company is committed to maintaining high transparency and timely disclosure of business developments and financial performance to shareholders[194]. - The board of directors reviewed and assessed the effectiveness of the group's shareholder communication policy for the fiscal year ending December 31, 2024[194]. - The company will publish annual and interim reports in March and August respectively to update shareholders on business developments and market trends[192]. - The group encourages shareholders to access corporate communications through its website to promote environmental protection[193].

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 645.7 million, a decrease of about RMB 21.7 million or 3.3% compared to the previous year[3]. - The cost of sales for the same period was approximately RMB 568.7 million, an increase of about RMB 0.5 million compared to the previous year[3]. - The gross profit for the year was approximately RMB 76.9 million, a decrease of about RMB 22.3 million or 22.4% year-on-year[3]. - The group recorded a loss of approximately RMB 289.6 million for the year, compared to a loss of RMB 549.1 million in the previous year[3]. - Basic loss per share attributable to equity holders was RMB 0.18, compared to RMB 0.34 in the previous year[4]. - The company reported a net loss of approximately RMB 289,621,000 for the year ending December 31, 2024, with current liabilities exceeding current assets by approximately RMB 534,867,000[15]. - The company reported a loss from continuing operations of RMB 289,621,000 for the year ending December 31, 2024, compared to a loss of RMB 549,139,000 in 2023, indicating a significant improvement[28]. - The group recorded a post-tax loss of approximately RMB 289.6 million for the reporting period, a decrease from a post-tax loss of RMB 549.1 million in the same period last year[72]. Assets and Liabilities - Non-current assets decreased to RMB 1,492.0 million from RMB 1,783.9 million in the previous year[5]. - Current assets decreased to RMB 365.8 million from RMB 417.1 million in the previous year[5]. - Total liabilities increased to RMB 900.6 million from RMB 757.9 million in the previous year[6]. - The net asset value decreased to RMB 687.6 million from RMB 965.6 million in the previous year[6]. - The company faced significant uncertainties regarding its ability to continue as a going concern due to its financial position as of December 31, 2024[37]. - The group's total liabilities ratio as of December 31, 2024, was approximately 46.9%, an increase of about 5.5% compared to the same period last year[79]. - The group had bank loans amounting to RMB 872.0 million as of December 31, 2024, a decrease of RMB 40 million or 4.4% compared to the end of the previous year[78]. Revenue Breakdown - Revenue from iron concentrate for 2024 was RMB 589,799,000, compared to RMB 584,027,000 in 2023, showing a slight increase[18]. - Revenue from sand and gravel aggregates for 2024 was RMB 55,860,000, down from RMB 83,340,000 in 2023, indicating a significant decline[18]. - Total revenue for 2024 was RMB 645,659,000, compared to RMB 667,367,000 in 2023, reflecting a decrease of approximately 3.2%[18]. - The company recorded revenue of approximately RMB 589.8 million from iron ore business in 2024, an increase of about 1.0% compared to the previous year[41]. Operational Efficiency - The total employee costs for the year were RMB 74,504,000, down from RMB 78,908,000 in the previous year, reflecting a reduction of approximately 5.1%[26]. - The average cash operating cost for iron concentrate at Wang'er Gou and Shuanma Zhuang mines decreased by 5.3% to RMB 662.2 per ton compared to RMB 699.0 in 2023[47]. - The average cash operating cost for mechanism sand increased due to rising raw material and electricity costs[51]. - The company plans to deepen cost reduction and efficiency enhancement mechanisms to improve profitability in the iron ore and aggregate business[86]. Investments and Financing - The company successfully obtained new borrowings of RMB 230,000,000 from a Chinese bank to settle existing loans, with an annual interest rate of 7.5% and repayment due in mid-February 2026[17]. - The group’s total capital expenditure was approximately RMB 19.1 million, which includes the acquisition of property, plant, and equipment, construction in progress, and intangible assets[80]. Compliance and Governance - The company confirmed compliance with the corporate governance code during the reporting period[91]. - The audit committee reviewed the group's annual performance and financial statements for the year ending December 31, 2024[92]. - The company has adopted a standard code for securities trading by directors, confirming compliance throughout the year[90]. Production and Sales - Iron concentrate production was approximately 721.8 thousand tons in 2024, a decrease of about 0.6% compared to 726.2 thousand tons in 2023[42]. - The sales volume of iron concentrate increased by approximately 2.8% to 739.1 thousand tons in 2024 from 719.1 thousand tons in 2023[42]. - The group recorded a 49.3% decrease in sand and gravel production to approximately 1,402.0 thousand tons, and a 24.7% decrease in sales volume to approximately 1,758.2 thousand tons compared to the previous year[49]. Impairment and Valuation - The group recorded an impairment loss of approximately RMB 201.1 million during the reporting period, with significant losses attributed to property, plant, equipment, and intangible assets[59]. - The independent valuation of the group's assets indicated an impairment loss of approximately RMB 177.0 million for property, plant, and equipment, and construction in progress as of December 31, 2024[59]. - The expected credit loss provision under the group's model was approximately RMB 24.1 million, contributing to the overall impairment loss recorded during the reporting period[59]. Future Outlook - The company expects to record a net operating cash inflow for the year ending December 31, 2025[17]. - The company aims to expand its green building materials aggregate production scale through new construction or acquisition of production lines[87]. - The company will actively explore sales opportunities beyond the Xiong'an New Area to increase aggregate sales and improve cash collection[87].