Core Viewpoint - The company Yi Dazong (01733) has entered into a counter-guarantee agreement with Xiangyu Co., agreeing to provide a counter-guarantee amounting to a maximum of RMB 26.95 million based on its 49% equity stake in Xianghui Energy [1] Group 1 - The counter-guarantee is related to a bank guarantee contract under which Xiangyu Co. may need to pay a corresponding guarantee amount to a designated bank [1] - The counter-guarantee covers not only the principal amount but also any accrued interest, penalties, compensation, and other related expenses [1]

Core Viewpoint - The company Yidazong (01733) has entered into a counter-guarantee agreement with Xiangyu Co., agreeing to provide a counter-guarantee amounting to a maximum of RMB 26.95 million based on its 49% equity stake in Xianghui Energy [1] Group 1 - The counter-guarantee agreement is set to be effective on September 8, 2025 [1] - The counter-guarantee will cover the corresponding proportion of the guarantee amount that Xiangyu Co. may need to pay to designated Bank A under the bank guarantee agreement [1] - The counter-guarantee includes any accrued interest, penalties, compensation, and other related expenses [1]

提供反擔保I 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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 E-COMMODITIES HOLDINGS LIMITED 1733 須予披露交易 及 關連交易 關於提供反擔保 於2025年9月8日，本公司與象嶼股份訂立反擔保合同I，據此本公司同意按其持有的象 暉能源49%股權比例，就銀行擔保合同I項下象嶼股份就相關銀行授信可能向指定銀行 A支付的相應比例的擔保金額以及任何應計利息，違約金、賠償及其他相關費用及開 支，向象嶼股份提供金額總計不超過人民幣26.95百萬元的反擔保I。 提供反擔保II 於2025年9月8日，本公司與象嶼股份進一步訂立反擔保合同II，據此本公司同意按其 持有的象暉能源49%股權比例，就銀行擔保合同II項下象嶼股份就相關銀行授信可能 向指定銀行B支付的相應比例的擔保金額以及任何應計利息，違約金、賠償及其他相 關費用及開支，向象嶼股份提供金額總計不超過人民幣107.8百萬元的反擔保II。根據 反擔保合同II，本公司與象嶼股份一致同 ...

Group 1 - The core viewpoint of the article highlights a general increase in coal stocks in the Hong Kong market on September 8, with notable gains among various companies [1] Group 2 - Strength Development saw a rise of 2.6% [1] - China Qinfa, Yanzhou Coal Mining, China Coal Energy, and South Gobi all increased by over 2% [1] - China Shenhua rose by 1.5%, while Yida Zong also gained over 1% [1] - Shougang Resources followed the upward trend [1]

Group 1 - The core viewpoint of the article highlights a bullish trend in the coal sector of the Hong Kong stock market, driven by favorable macroeconomic conditions such as "loose monetary policy, low interest rates, and improved risk appetite" [1] - The report from Zhongtai Securities indicates that the coal industry is expected to enter a new upward cycle due to the "anti-involution" policy, which is anticipated to strengthen expectations for capacity reduction and promote high-quality development within the sector [1] - The report suggests that there is a time lag between policy expectations and their realization, indicating that sector rotation may occur imminently, and advises investors to focus on liquidity and risk appetite improvements rather than short-term earnings reports [1] Group 2 - The article lists several coal stocks that experienced gains, with notable increases including Strength Development up by 2.6%, China Qinfa and Yanzhou Coal Energy both up over 2%, and China Shenhua up by 1.5% [1] - The report emphasizes the importance of capturing investment opportunities arising from the dual catalysts of coal valuation recovery and performance elasticity, as the industry prepares for a new upward cycle [1]

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 | | | 公司名稱: 易大宗控股有限公司 呈交日期: 2025年9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) | 01733 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | HKD | | 0 HKD | | 0 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 6,000,000,000 | HKD | | 0 HKD | | 0 | 本月底法定/註冊股本總額： HKD 0 致：香港交易及結算所有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/ ...

Group 1 - The core viewpoint is that the coal industry is experiencing a recovery in supply-demand dynamics, particularly in the coking coal sector, due to ongoing efforts to combat overproduction and internal competition [1][2] - The coking coal industry is seeing improved profitability as a result of these changes, with companies in the logistics supply chain for imported Mongolian coal expected to enter a rebound phase in Q3 after passing performance tests in Q2 [1] - The average daily iron output from 247 sample steel mills in China increased by 2.63% year-on-year, reaching 2.4 million tons from July to August 2025, indicating a positive trend in the steel industry [1] Group 2 - The average daily customs clearance volume of Mongolian coal at the Ganqimaodu port reached 133,300 tons per day, a 2.84% increase compared to the same period in 2024, suggesting a recovery in import activities [2] - The average price of Shanxi-origin coking coal at the Jingtang Port increased by 13.79% quarter-on-quarter, indicating a positive price trend that benefits the coking coal supply chain [1] - The short-distance transportation price from Chaganhad to Ganqimaodu port has risen to 63 yuan per ton, reflecting the impact of the recent recovery in coking coal prices [2]

Core Viewpoint - The company, 易大宗 (01733.HK), demonstrated resilience in its interim performance for the first half of 2025, focusing on market adaptation, sales optimization, and supply chain collaboration to maintain market share amidst cyclical challenges [3][48]. Financial Performance - Total operating revenue for the first half of 2025 reached 12,672 million HKD [4]. - Gross profit from futures and spot trading amounted to 156 million HKD [5]. - Net profit attributable to shareholders was 136 million HKD [5]. - Total assets stood at 14,472 million HKD [7]. - Total liabilities were recorded at 94 million HKD [8]. - Total equity for shareholders was 9,176 million HKD, reflecting a year-on-year increase of 550 million HKD, or 7.15% [10]. - Cash and cash equivalents increased by 22% year-on-year to 2,435 million HKD [10]. - Operating cash inflow saw a significant growth of 163% year-on-year, reaching 1,583 million HKD [10]. Operational Efficiency - The company focused on reducing inventory, enhancing turnover, and accelerating cash flow [6]. - The debt ratio was managed effectively, with a strategic emphasis on repaying loans to lower financial leverage and costs [12]. - Cash turnover days were optimized, with a notable reduction in cash turnover days compared to previous periods [13]. International Business Development - The company expanded its international business, with revenue from overseas markets increasing by 8% year-on-year, marking continuous growth [14]. - The coal trading business benefited from a robust network of global mining resources and stable domestic and international steel mill clients [19]. Supply Chain and Service Enhancement - The company strategically positioned itself in four major ports in the China-Mongolia region, focusing on new product categories and leveraging its supply chain service advantages [23]. - Cross-border transportation volume reached 197,000 tons in the first half of 2025 [33]. - The company reported a significant increase in warehouse storage volume, totaling 30,000 tons [34]. Financing and Credit Facilities - The company secured a total credit line of 1.65 billion HKD from domestic banks and 100 million USD from foreign banks [43]. Brand Recognition and Future Outlook - The company ranked 351st among the Fortune China 500 and 15th among trade enterprises in the country [48]. - The company expressed confidence in navigating the cyclical nature of the commodity industry by enhancing customer service, expanding value-added services, and optimizing sales strategies to maintain market position [48].

Core Viewpoint - 易大宗 (01733) reported a significant decline in revenue and profit for the six months ending June 30, 2025, primarily due to falling coal prices impacting trade revenue [1] Financial Performance - The company achieved revenue of HKD 12.672 billion, a year-on-year decrease of 36.17% [1] - Profit attributable to equity shareholders was HKD 136 million, down 82.6% year-on-year [1] - Earnings per share stood at HKD 0.051 [1] Coal Trade Impact - Revenue from coal products decreased from approximately HKD 16.858 billion in the first half of 2024 to about HKD 9.668 billion in the first half of 2025, reflecting a decline of 42.65% [1] - The average price of primary coking coal fell by approximately 40.00% compared to the previous year [1] - The total volume of coking coal imports into China decreased by nearly 10.00% year-on-year, indicating a challenging market environment [1] Market Strategy - The company adapted its trading strategy to align with market changes, focusing on selective sales to maintain market share [1]

Core Viewpoint - The company reported a significant decline in revenue and profit for the six months ending June 30, 2025, primarily due to falling coal prices impacting trade revenue [1] Financial Performance - The company achieved revenue of HKD 12.672 billion, a year-on-year decrease of 36.17% [1] - Profit attributable to equity shareholders was HKD 136 million, down 82.6% year-on-year [1] - Earnings per share were HKD 0.051 [1] Coal Trade Impact - Revenue from coal products decreased from approximately HKD 16.858 billion in the first half of 2024 to about HKD 9.668 billion in the first half of 2025, reflecting a decline of 42.65% [1] - The average price of primary coking coal fell by approximately 40% compared to the previous year [1] - The total volume of coking coal imports into China decreased by nearly 10% year-on-year, indicating a challenging market environment [1] Market Strategy - The company adapted to market changes by selectively selling products to maintain market share despite the pressures in the coal market [1]