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 呈交日期: 2025年11月3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 FF301 | | | 致：香港交易及結算所有限公司 公司名稱: 易大宗控股有限公司 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及 ...

Group 1 - The coal stocks in the Hong Kong market experienced a collective surge, with notable increases in smaller coal companies such as Feishang Non-Smoking Coal, which saw a price increase of 108.33% [1][2] - Major coal companies also reported gains, including Yanzhou Coal Mining Company which rose over 5%, and China Qinfa Group which increased by 4.8% [1][2] - The recent extreme cold weather in northern China, with temperatures dropping to historical lows, has triggered the seasonal demand for coal, marking the beginning of the peak consumption period [1] Group 2 - The coal market faced a generally loose supply and insufficient demand in the first half of 2025, leading to a downward trend in coal prices [1] - However, the current seasonal demand and policy-driven supply reductions may create a shift in the supply-demand balance, potentially providing an opportunity for the coal sector to recover from its low valuation [1]

Core Viewpoint - 易大宗's wholly-owned subsidiary, 海南富多达, has entered into a credit facility agreement with China Bank, providing a credit limit of up to RMB 1.6 billion to support its business operations [1] Group 1: Credit Facility Agreement - 海南富多达 has secured a credit facility agreement with China Bank, with a maximum credit limit of RMB 1.6 billion [1] - The credit facility is effective from October 20, 2025, to August 27, 2026, and will be used for trade financing and other specified business activities [1] - The company will provide a corporate guarantee of up to RMB 600 million to China Bank, effective from October 20, 2025, to December 31, 2030, ensuring 海南富多达's obligations under the credit agreement [1] Group 2: Business Implications - The board believes that the credit facility agreement will enhance 海南富多达's cash flow and provide additional funding channels for its business operations [1] - The current trend of optimizing national financing and loan policies indicates increased support from financial institutions, which is favorable for the company's growth [1]

Core Viewpoint - Easy Dazhong (01733.HK) has entered into a credit facility agreement with Bank of China, Yangpu Branch, providing a credit limit of up to RMB 1.6 billion for its wholly-owned subsidiary, Hainan Fuduo Supply Chain Management Co., Ltd [1] Group 1 - The credit facility agreement is effective from October 20, 2025, to August 27, 2026 [1] - The credit limit will be utilized for trade financing, bank acceptance bill issuance, and other specified business activities [1] - The company will provide a corporate guarantee of up to RMB 600 million to the bank, effective from October 20, 2025, to December 31, 2030, ensuring Hainan Fuduo's obligations under the credit agreement [1]

Core Viewpoint - The company, 易大宗, has entered into a credit facility agreement with Bank of China, providing its subsidiary, 海南富多达, with a credit limit of up to RMB 1.6 billion to enhance its cash flow and support business operations [1] Group 1 - 海南富多达 has signed a credit facility agreement with Bank of China,洋浦 branch, with a maximum credit limit of RMB 1.6 billion [1] - The credit facility is valid from October 20, 2025, to August 27, 2026, and will be used for trade financing and other specified business activities [1] - The company will provide a corporate guarantee of up to RMB 600 million to the bank, effective from October 20, 2025, to December 31, 2030, ensuring 海南富多达's obligations under the credit agreement [1] Group 2 - The board believes that the credit facility agreement will provide additional funding channels for 海南富多达, thereby strengthening its cash flow [1] - The current national financing and loan policies are being optimized, with banks increasing their support for businesses [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 自願公告 有關就附屬公司之銀行授信提供擔保 本公告由易大宗控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）自願作出。 本公司董事（「董事」）會（「董事會」）欣然宣佈，近期本公司全資附屬公司海南富多達供應 鏈管理有限公司（「海南富多達」）與中國銀行股份有限公司洋浦分行（「該銀行」）訂立一項 授信額度協議（「海南富多達授信協議」）及相關保證文件，據此，該銀行同意向海南富多 達提供一項最高不超過人民幣16億元的授信額度（「海南富多達授信額度」），期限自2025 年10月20日起至2026年8月27日止。海南富多達授信額度將作為其正常業務過程中進行貿 易融資業務、開立銀行承兌匯票業務以及海南富多達授信協議中規定的其他業務。鑒於 該銀行根據海南富多達授信協議向海南富多達提供銀行授信，本公司同意向該銀行提供 一項最高不超過人民幣6億元的 ...

Core Insights - The coking coal sector experienced inventory reduction during the National Day holiday, with supply constraints due to maintenance at some mines and a seven-day closure of three major ports for Mongolian coal, leading to a rapid decrease in port inventories [1] - According to Zheshang Securities, the import volume of Mongolian coal rebounded in Q3, and supply chain trade profits also saw a recovery alongside price rebounds [1] - The high iron and steel production levels in the domestic "anti-involution" environment may support a tight supply-demand balance in the coking coal industry, potentially stabilizing prices and restoring profit margins for Mongolian coal trading companies [1] - CITIC Securities reported that the average net profit of tracked coal listed companies is expected to grow by approximately 18% quarter-on-quarter in Q3 2025, with a year-on-year decline of about 27% for the first three quarters; coking coal and anthracite companies show greater earnings elasticity, while the thermal coal sector remains the largest profit contributor [1] - Looking ahead to Q4, the overall supply-demand balance in the industry is expected to remain stable, with potential short-term supply gaps during peak seasons; if the anti-involution policies are enforced more rigorously, coal prices may exceed expectations [1] - The current policies, coal prices, and earnings expectations in the sector are improving, and the sector may see sustained excess returns with market style rotation or policy catalysts in the future [1] Related Hong Kong Stocks - The coal sector includes companies such as China Shenhua (01088), China Coal Energy (01898), Yanzhou Coal Mining (01171), Yida Zong (01733), Yancoal Australia (03668), and China Qinfa (00866) [2]

Core Viewpoint - Coal stocks experienced significant gains in the late trading session, indicating positive market sentiment towards the coal industry [1] Group 1: Stock Performance - Strength Development (01277) rose by 5.76%, reaching HKD 1.47 - China Coal Energy (01898) increased by 4.37%, reaching HKD 9.8 - Yida Commodity (01733) saw a rise of 3.45%, reaching HKD 0.9 - China Shenhua (01088) gained 2.91%, reaching HKD 38.92 [1] Group 2: Industry Outlook - Zheshang Securities forecasts that the overall performance of coal enterprises will see a narrowing year-on-year decline and an improvement on a quarter-on-quarter basis by Q3 2025 [1] - As the heating season approaches, power plants and heating companies are expected to replenish their stocks, which will support an increase in spot prices due to long-term contract price rises [1] - Coal prices are anticipated to rise in mid to late October [1] Group 3: Policy and Supply Dynamics - The ongoing "anti-involution" policy is expected to continue promoting industry self-discipline, driving a contraction in coal supply and further supporting steady coal price increases [1] - Capacity replacement restrictions are likely to limit production scale, with potential reductions in capacity influenced by capacity indicators [1] - The industry maintains a "positive" outlook rating [1]

Core Viewpoint - The report from Zheshang Securities indicates that the import volume of Mongolian coal has rebounded in Q3, leading to a recovery in supply chain trade profits as prices have increased [1][5]. Group 1: Coal Price and Trade Profit - In Q3, coking coal prices have rebounded, and the profit margin for trade enterprises has improved [2][5]. - The profit margin for Jiao You International's coking coal supply chain trade is approximately 58 CNY/ton, primarily driven by logistics services, while trade segment profits have been largely squeezed [1][2]. - Jiao You International achieved a sales volume of 3.4 million tons of Mongolian coal in H1 2025, a year-on-year increase of over 15%, increasing its market share at the Ganqimaodu port to 20% [1]. Group 2: Supply and Demand Dynamics - The supply and demand for coking coal are expected to remain tight, providing support for prices [3][5]. - Domestic iron and steel production remains high, with an average daily output of approximately 2.42 million tons from 247 sample steel mills, a year-on-year increase of 8% [3]. - The coal inventory at Ganqimaodu port was approximately 2.88 million tons as of September 25, a decrease of 112 tons from the end of Q2 [3]. Group 3: Import Volume and Transportation Costs - The import volume of Mongolian coking coal has turned positive year-on-year in Q3, with significant increases in transportation volume at Ganqimaodu port [4][5]. - The average price of Mongolian raw coal at Ganqimaodu port was approximately 920 CNY/ton as of September 29, an increase of 134 CNY/ton from the previous quarter [2]. - Short-distance transportation costs have risen, with the average price in Q3 increasing by about 4% compared to Q2 [4].

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 | | | 致：香港交易及結算所有限公司 公司名稱: 易大宗控股有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 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 | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | 已發行股份總數 | | | 上月底結存 | | | 2,669,782,962 | 3,306,000 | | 2,673,088,962 | | 增加 / 減少 (-) | | | 0 | 0 | | | | 本月底結存 | | | 2,669,782,962 | 3,306,000 | | 2,673,088,962 | 第 2 頁 共 10 頁 v 1.1.1 FF301 | 1. 股份分類 | 普通股 ...