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3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: 中國通商集團有限公司 呈交日期: 2026年4月1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) | 01719 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | FF301 II. ...

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。 China Infrastructure & Logistics Group Ltd. 中 國 通 商 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1719） 截至二零二五年十二月三十一日止年度之經審核全年業績公告 摘要 • 收入增加約3.0%至408,348,000港元（二零二四年：396,529,000港元）。 • 毛利增加19.9%至73,899,000港元（二零二四年：61,613,000港元）及毛利率為18.1%（二 零二四年：15.5%）。 • 本年度溢利減少約1.9%至12,650,000港元（二零二四年：12,895,000港元）。 • 本公司擁有人應佔溢利減少13.8%至10,947,000港元（二零二四年：12,694,000港元）。 • 董事會不建議就截至二零二五年十二月三十一日止年度派付末期股息（二零二四年： 零）。 – 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。 董事會謹此宣佈，由於需要額外時間以落實 2025 全年業績，董事會會議將改期於二零二六 年三月三十日（星期一）舉行。 除上述者外，董事會確認原公告內所有其他詳情維持不變。 承董事會命 中國通商集團有限公司 China Infrastructure & Logistics Group Ltd. 中 國 通 商 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1719） 更改董事會會議召開日期 茲提述中國通商集團有限公司（「本公司」）日期為二零二六年三月十日的公告（「公告」），內容 有關本公司董事（「董事」）會（「董事會」）於二零二六年三月二十五日（星期三）舉行會議，藉 以（其中包括）考慮及批准刊發本公司及其附屬公司截至二零二五年十二月三十一日止年度的 經審核年度業績「2025全年業績」及建議末期股息（如有）。 執行董事兼主席 費本君先生 香港，二零二六年三 ...

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。 中國通商集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將二零二六 年三月二十五日（星期三）舉行董事會會議，以（其中包括）考慮及批准本公司及其附屬公司截 至二零二五年十二月三十一日止年度之年度業績及其發佈，以及考慮建議派付末期股息（如 有）。 承董事會命 中國通商集團有限公司 China Infrastructure & Logistics Group Ltd. 中 國 通 商 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1719） 董事會會議召開日期 執行董事兼主席 費本君先生 香港，二零二六年三月十日 於本公告日期，董事會包括執行董事費本君先生及喬雲先生；非執行董事李偉先生及喻玲女 士；以及獨立非執行董事鄒國強先生、付新平先生及毛振華博士。 ...

China Infrastructure & Logistics Group Ltd. 中 國 通 商 集 團 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 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1719） – 2 – 股東特別大會由執行董事費本君主持。所有董事均已出席股東特別大會。 本公司之香港股份過戶登記分處香港中央證券登記有限公司於股東特別大會上擔任投票監票 員。 承董事會命 於二零二六年三月九日舉行之股東特別大會投票表決結果 董事會欣然宣佈，股東特別大會通告所載之所有決議案已於二零二六年三月九日舉行之股 東特別大會上獲股東以投票表決方式正式通過。 茲提述中國通商集團有限公司（「本公司」）日期均為二零二六年二月十三日之股東特別大會 （「股東特別大會」）通告（「股東特別大會通告」）及通函（「通函」）。除非另有所指，否則本公告 所用之詞彙均與通函所定義者具有相同涵義。 股東特別大會之投票表決結 ...

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 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) | 01719 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,000 FF301 第 1 頁 共 10 頁 v 1.2.0 截至月份: 2026年2月28日 狀態: 新提交 致 ...

Group 1 - The core viewpoint of the news highlights a significant increase in the tungsten market, with prices reaching historical highs, making it one of the best-performing commodities in the non-ferrous metals sector [1] - The China Nonferrous Metals Industry Development Plan (2025-2026) aims for an average annual growth of 5% in the value added of the non-ferrous metals industry and a 1.5% annual growth in the production of ten non-ferrous metals [2] - The Tianhong CSI Industrial Nonferrous Metals Theme Index Fund closely tracks the CSI Industrial Nonferrous Metals Theme Index, focusing on key industrial metals such as copper, aluminum, rare earths, and tungsten [3] Group 2 - The top ten weighted stocks in the CSI Industrial Nonferrous Metals Theme Index account for 54.46% of the index, with significant representation from companies like Luoyang Molybdenum and Northern Rare Earth [4] - The fund has shown impressive historical returns, with the A class achieving a return of 93.08% and the C class 92.60% in 2025 [4] - The fund's scale reached 2.308 billion yuan by the end of 2025, with A class at 267 million yuan and C class at 2.041 billion yuan, indicating strong liquidity and market presence [4]

Core Insights - The non-ferrous metals industry in China is experiencing a historic moment, with total profits exceeding 500 billion yuan, reaching 528.45 billion yuan, a year-on-year increase of 25.6%, marking a record high [1] - The growth in profits is primarily driven by aluminum and copper, contributing 35% and 20% respectively to the industry's profit increase [1] - The underlying logic of the industrial non-ferrous metals sector is undergoing a profound transformation, shifting from being a "buyer of macro volatility" to a "seller of manufacturing upgrades" [1] Performance of Index Funds - The Tianhong CSI Industrial Non-Ferrous Metals Index Fund A class achieved a net value growth rate of 93.08% over the past year, significantly outperforming the benchmark growth of 90.05% by 3.03 percentage points [1] - The C class of the same fund recorded a net value growth rate of 92.60%, also exceeding the benchmark by 2.55 percentage points [3] - Both classes of the fund have shown substantial cumulative excess returns since their inception, with A class at 77.61% and C class at 76.48%, both surpassing the benchmark by over 12 percentage points [3] Market Dynamics - The market is beginning to recognize the growth potential of industrial non-ferrous metals, transitioning from a perception of them as purely cyclical assets to growth assets [4] - The first driver of this growth is the increase in earnings per share (EPS), with copper prices rising by 31% and aluminum prices by 17% in 2025, significantly boosting profits for leading companies [4] - The second driver is the expansion of price-to-earnings (PE) ratios, as the market starts to reassess copper and aluminum from a growth stock perspective, influenced by their roles in emerging technologies [6] Supply and Demand Factors - The supply side constraints, such as the established production cap for electrolytic aluminum at approximately 45 million tons per year, contribute to profit leverage, allowing profits to grow significantly with demand increases [7] - The low elasticity of supply in copper due to insufficient capital expenditure and declining ore grades further enhances profit potential [7] - The combination of rigid supply and growing demand maximizes profit elasticity, which is a key factor behind the substantial annual growth of the industrial non-ferrous index [7] Investment Suitability - The Tianhong Industrial Non-Ferrous Index Fund is suitable for investors who recognize the growth narrative of industrial metals and are willing to accept short-term volatility for long-term gains [8] - The fund's fee structure offers flexibility, with the C class being more suitable for tactical allocations under one year, while the A class is better for long-term investments [8] - The fund can be easily accessed through various financial platforms, making it a convenient option for investors looking to allocate to the industrial non-ferrous metals sector [8]

Core Viewpoint - The traditional narrative surrounding non-ferrous metals is evolving, with industrial metals transitioning from being seen as "macro volatility buyers" to "manufacturing upgrade sellers" [1] Group 1: Market Dynamics - The differentiation within the non-ferrous metals sector is evident, with precious metals driven by risk aversion and interest rate expectations, while industrial metals reflect manufacturing recovery and supply constraints [2] - Copper, as a benchmark for industrial metals, has shown a 31% increase, aligning with its 34.4% weight in the index, indicating a bullish stance on the resilience of Chinese manufacturing [2][3] Group 2: Index Composition - The Industrial Non-Ferrous Metals Index (H11059) has undergone a "genetic surgery" by excluding precious metals, thus eliminating financial attributes and risk sentiment interference, allowing investment logic to focus on the real economy [3] - The index focuses solely on industrial metals directly related to manufacturing activity, such as copper, aluminum, rare earths, tungsten, molybdenum, and titanium, ensuring its value fluctuations are tied to tangible economic indicators [3][4] Group 3: Weight Distribution - The index features a clear weight distribution, with copper at 34.4%, aluminum at 21.8%, and rare earths at 13.6%, highlighting copper's role as a key indicator of global industrial activity [4] - The remaining 25% includes strategic metals like lead, zinc, tin, molybdenum, and tungsten, which support sectors such as military, high-temperature alloys, and semiconductors, distinguishing this index from traditional non-ferrous indices [4] Group 4: Index Rules - The index has specific rules to prevent over-reliance on any single mining giant, with individual sample weights capped at 15% and the top five samples combined not exceeding 60% [5] - For diversified mining companies that produce both copper and gold, a strict weight limit of 3% is imposed to maintain the index's industrial purity [7] Group 5: Investment Accessibility - The Tianhong Industrial Non-Ferrous Metals Index Fund offers a user-friendly investment option without the need for a stock account, allowing purchases through mainstream platforms with a minimum investment of 1 yuan [8] - The fund supports automatic investment strategies to smooth out volatility, making it suitable for long-term investors looking to capitalize on upward trends in industrial metals [9]

Group 1 - The Chinese government announced a 100% zero tariff on goods from 53 African countries starting May 1, 2026, which will reduce import tax burdens for domestic non-ferrous metal companies and enhance customs efficiency [1] - Zimbabwe's Ministry of Mines announced a ban on lithium ore exports, which will tighten short-term supply and potentially drive lithium prices significantly higher, as Zimbabwe accounted for 19% of China's lithium ore imports in 2025 [1] - The metal industry is expected to experience increased price volatility due to supply-side disruptions, with cobalt, tin, lithium, copper, and nickel prices anticipated to rise significantly [2] Group 2 - The Tianhong CSI Industrial Nonferrous Metals Theme Index Fund, established on May 30, 2023, aims to track the CSI Industrial Nonferrous Metals Theme Index closely, investing in non-ferrous metal ETFs [2] - The fund manager believes that the market underestimates the growth potential of industrial non-ferrous metals, which may transition from being viewed as "cyclical" to "growth" assets, leading to a potential "Davis Double Play" scenario [3] - As of February 25, 2026, the top ten weighted stocks in the CSI Industrial Nonferrous Metals Theme Index accounted for 54.46% of the index, with significant representation from companies like Luoyang Molybdenum and Northern Rare Earth [3] Group 3 - The Tianhong CSI Industrial Nonferrous Metals Theme Index Fund had a total scale of 2.308 billion yuan as of December 31, 2025, with A-class and C-class shares at 267 million yuan and 2.041 billion yuan, respectively [3] - The fund's historical performance for 2025 showed impressive returns, with A-class shares at 93.08% and C-class shares at 92.60% [3] - The fund's management and custody fee is set at 0.6%, with a sales service fee of 0.25% for C-class shares, making it suitable for short-term investors [4]