FF301 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) | 01891 | 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 | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 第 1 頁 共 10 頁 v 1.1.1 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 截至月份: 2025年8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: 興合控股有限公司（於開曼群 ...

Core Viewpoint - Xinghe Holdings (01891.HK) reported a decline in its mid-year performance for the first half of 2025, indicating challenges in revenue and profit generation [1] Financial Performance - Revenue for the first half of 2025 was 725.0 million MYR, a decrease of 16.2% year-on-year [1] - Gross profit amounted to 61.7 million MYR, reflecting a slight decrease of 0.2% year-on-year [1] - Profit attributable to shareholders was 8.5 million MYR, down 26.0% year-on-year, with no dividend declared [1]

Core Viewpoint - Xinghe Holdings (01891) reported a decline in revenue and profit for the first half of 2025, primarily due to a decrease in sales volume and average selling price of black scrap metal [1] Financial Performance - Revenue for the first half of 2025 was 725 million MYR, representing a year-on-year decrease of 16.2% [1] - Gross profit amounted to 61.7 million MYR, showing a slight decrease of 0.2% year-on-year [1] - Profit attributable to shareholders was 8.5 million MYR, reflecting a significant year-on-year decline of 26.0% [1] Industry Trends - The decrease in revenue is attributed to current industry trends, specifically the decline in sales volume and average selling price of black scrap metal [1] - The pressure on gross profit margin is linked to the reduction in revenue and the drop in average selling price of black scrap metal [1]

Core Viewpoint - Xinghe Holdings (01891) reported a decline in revenue and profit for the first half of 2025, primarily due to a decrease in sales volume and average selling prices of black scrap metal [1] Financial Performance - Revenue for the first half of 2025 was 725 million MYR, representing a year-on-year decrease of 16.2% [1] - Gross profit amounted to 61.7 million MYR, showing a slight decrease of 0.2% year-on-year [1] - Profit attributable to the company's owners was 8.5 million MYR, down 26.0% compared to the previous year [1] Industry Trends - The decline in revenue is attributed to current industry trends, specifically a drop in sales volume and average selling prices of black scrap metal [1] - The pressure on gross profit margin is linked to the decrease in revenue and the continued decline in average selling prices of black scrap metal [1]

Heng Hup Holdings Limited 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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） 截至二零二五年六月三十日止六個月之未經審核中期業績公告 財務摘要 於本公告內，「我們」、「我們的」和「興合」指本公司（定義見下文）及倘文義另有 指明則指本集團（定義見下文）。 興合控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（統稱為「本集團」）截至二零二五年六月三十日止六個月之未經審核簡明 綜合中期業績，連同二零二四年同期比較數字。本公司董事會連同審核及風險管 理委員會（「審核及風險管理委員會」）已審閱本集團截至二零二五年六月三十日止 六個月的未經審核簡明綜合中期財務報表。 1 • 截至二零二五年六月三十日止六個月的收益為725.0百萬馬幣，較截至二零 二四年六月三十日止同期的865.2百萬馬幣減少16.2%。 • 截至二零二五年六月三 ...

Group 1 - The company, Xinghe Holdings (01891.HK), announced that it will hold a board meeting on August 30, 2025 [1] - The meeting will review and approve the group's interim results for the six months ending June 30, 2025, and discuss the proposal for an interim dividend distribution, if any [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依 賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年八月十八日 於本公告日期，執行董事為Sia Kok Chin拿督、Sia Keng Leong拿督、Sia Kok Chong先生、Sia Kok Seng先生及Sia Kok Heong先生；及獨立非執行董事為Sai Shiow Yin女士、Puar Chin Jong先生及Chu Kheh Wee先生。 董事會會議日期 興合控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將 於二零二五年八月三十日（星期六）舉行董事會會議，藉以（其中包括）考慮並批准 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中期業績及其發佈，並 考慮派發中期股息（如有）。 承董事會命 興合控股有限公司 主席兼行政總裁 Sia Kok Chin拿督 Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） ...

FF301 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: 2025年7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: 興合控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年8月6日 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) | 01891 | 說明 | | | | | | | | | 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 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | 第 2 頁 共 10 頁 v 1.1. ...

Financial Performance - The company reported a significant revenue increase of approximately 26.7%, rising from 1.35 billion MYR in the previous fiscal year to 1.71 billion MYR in the fiscal year ending December 31, 2024[21]. - The company's profit before tax surged to 32.86 million MYR, nearly tripling from 8.54 million MYR in the previous fiscal year[21]. - The gross profit for the fiscal year 2024 was reported at 125.96 million MYR, showing a substantial improvement from 77.08 million MYR in the previous year[9]. - The company achieved a post-tax profit of 21.54 million MYR in fiscal year 2024, a significant increase of approximately 161% from 8.24 million MYR in fiscal year 2023[65]. - The profit attributable to the owners of the company for the fiscal year 2024 is 25.46 million MYR, an increase from 8.54 million MYR in 2023[76]. - The total equity attributable to the owners of the company as of December 31, 2024, is 238.44 million MYR, up from 213.30 million MYR in 2023[79]. - The current ratio improved to 2.3 times in 2024 from 2.0 times in 2023, indicating better liquidity[78]. - The debt-to-equity ratio decreased to 0.35 times in 2024 from 0.48 times in 2023, reflecting reduced borrowings[79]. - The total borrowings as of December 31, 2024, are 76.93 million MYR, down from 98.40 million MYR in 2023[79]. Sales and Production - The total sales volume of ferrous scrap metal reached 949,634 tons, an increase of about 30.9% compared to 725,577 tons in the previous fiscal year[21]. - In the fiscal year 2023, the company sold 725,577 tons of black scrap metal, accounting for 93.4% of total revenue, and is projected to sell 949,634 tons in fiscal year 2024, accounting for 93.2% of total revenue[26]. - The average trading price of black scrap metal decreased by approximately 4.6% from 1,711 MYR per ton in fiscal year 2023 to 1,633 MYR per ton in fiscal year 2024[64]. Operational Efficiency - The company operates multiple scrap yards across Malaysia, covering approximately 61,000 square meters, strategically located to ensure a steady supply of ferrous scrap metal[25]. - The company has a fleet of 95 owned trucks, with 59 trucks having a capacity of 20 tons or more, enabling efficient logistics support for suppliers[25]. - The company remains focused on optimizing procurement strategies and improving operational efficiency to ensure sustainable profit growth[65]. Environmental and Social Responsibility - The company aims to enhance its focus on environmental management, social responsibility, and good governance in response to increasing awareness of sustainable practices[22]. - The company has implemented various energy-saving measures to minimize its carbon footprint and is committed to achieving net-zero emissions in the future[192]. - The company encourages employees to participate in environmental activities to raise awareness about sustainability[184]. - The company has established a waste recycling program, including the collection of paper, metals, and plastics, to enhance waste reuse[181]. - The company is actively monitoring and managing climate-related risks as part of its governance and strategic planning[193]. Governance and Board Structure - The board consists of five executive directors and three independent non-executive directors, with a gender ratio of 7:1 among employees as of December 31, 2024[100]. - The company has fully complied with the corporate governance code, except for the deviation regarding the roles of the chairman and CEO, which are held by Sia Kok Chin since 2001[92]. - The board has established three committees: Audit and Risk Management Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of the company's affairs[95]. - The company emphasizes the importance of independent directors in providing oversight and strategic guidance[51]. - The board will review and consider separating the roles of chairman and CEO at an appropriate time[92]. Risk Management - The company emphasizes the importance of regular risk assessments and continuous improvement of safety protocols to manage risks in the scrap metal industry[22]. - The board is responsible for maintaining adequate risk management and internal control systems to protect shareholder investments and company assets[139]. - The company has implemented various internal control and risk management policies, including asset depreciation provision management and inventory management policies[139]. ESG Reporting - The company released its seventh ESG report, highlighting sustainability measures and stakeholder concerns for the year 2024[162]. - The report covers the period from January 1, 2024, to December 31, 2024, focusing on the environmental and social impacts of the company's operations in Malaysia[163]. - The board has identified 11 significant ESG-related issues for the reporting period, focusing on energy efficiency, environmental compliance, and corporate governance[171]. Emissions and Energy Consumption - Total greenhouse gas emissions reached 9,683.85 tons of CO2 equivalent in 2024, up from 4,041.07 tons in 2021, representing an increase of 139.5%[200]. - Scope 1 direct emissions from trucks increased to 8,232.39 tons in 2024, compared to 3,057.79 tons in 2021, marking a rise of 169.5%[200]. - Scope 2 indirect emissions from electricity rose to 1,451.46 tons in 2024, up from 983.28 tons in 2021, reflecting an increase of 47.5%[200]. - CO2 emissions per thousand Malaysian Ringgit revenue increased from 0.0028 in 2021 to 0.0057 in 2024, indicating a growth of 103.6%[200].

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was 1,706.66 million MYR, an increase of approximately 26.7% compared to 1,346.98 million MYR in the fiscal year 2023[2] - The gross profit for the fiscal year 2024 was 125.96 million MYR, representing a 63.4% increase from 77.08 million MYR in the fiscal year 2023[2] - The profit attributable to the owners of the company for fiscal year 2024 was 25.46 million MYR, a significant increase of 198.1% from 8.54 million MYR in fiscal year 2023[2] - The operating profit for fiscal year 2024 was 37.89 million MYR, up from 17.88 million MYR in fiscal year 2023[3] - The basic and diluted earnings per share for the fiscal year 2024 were 2.55 sen, compared to 0.85 sen in fiscal year 2023[3] - The net profit attributable to the company's owners for fiscal year 2024 was 25,464 thousand MYR, a significant increase from 8,540 thousand MYR in fiscal year 2023[24] - The total tax expense for fiscal year 2024 was 11,320 thousand MYR, up from 6,111 thousand MYR in fiscal year 2023[21] - The company achieved a post-tax profit of 21.54 million MYR in fiscal year 2024, a significant increase of approximately 161% from 8.24 million MYR in fiscal year 2023[32] Assets and Liabilities - Total assets as of December 31, 2024, were 380.35 million MYR, slightly down from 382.11 million MYR in 2023[4] - Total liabilities decreased to 145.69 million MYR in 2024 from 169.52 million MYR in 2023[5] - The total borrowings as of December 31, 2024, decreased to 76.93 million MYR from 98.40 million MYR in the previous year, primarily due to loan repayments[45] - The asset-to-equity ratio improved to 0.35 times in fiscal year 2024 from 0.48 times in fiscal year 2023[45] Equity and Dividends - As of December 31, 2024, the equity attributable to the owners of the company was 238.44 million MYR, an increase of 11.8% from 213.30 million MYR in 2023[2] - The company decided not to recommend a final dividend for the fiscal year 2024, compared to zero in 2023[2] - The company did not recommend a final dividend for the fiscal year 2024, consistent with the previous year[58] Revenue Sources and Operations - The company primarily engages in the trading of ferrous scrap metal, used batteries, waste paper, iron ore, and other scrap materials in Malaysia[6] - The group's total revenue for the fiscal year 2024 was 1,706,659 thousand MYR, an increase of 26.6% from 1,346,983 thousand MYR in fiscal year 2023[16] - Major customer 1 contributed 1,129,562 thousand MYR to total revenue in fiscal year 2024, up 56.5% from 722,142 thousand MYR in fiscal year 2023[17] - The group primarily operates in Malaysia, with most of its revenue generated from this market[16] Costs and Expenses - The cost of goods sold for fiscal year 2024 was 1,556,104 thousand MYR, representing an increase of 25.0% from 1,246,843 thousand MYR in fiscal year 2023[19] - The group incurred total administrative expenses of 1,667,113 thousand MYR in fiscal year 2024, compared to 1,330,139 thousand MYR in fiscal year 2023[19] - Distribution and sales expenses increased to 55.31 million MYR in fiscal year 2024, up approximately 74.6% from 31.68 million MYR in fiscal year 2023[39] - Administrative expenses rose to 31.11 million MYR in fiscal year 2024, a 9.0% increase from 28.55 million MYR in fiscal year 2023[40] - Total employee costs and related expenses for the fiscal year 2024 amounted to 32.44 million MYR, a 25.4% increase from 25.87 million MYR in fiscal year 2023[55] Trade Receivables and Payables - Trade receivables decreased from 187.01 million MYR in fiscal year 2023 to 167.88 million MYR in fiscal year 2024, reflecting a reduction of approximately 10.2%[29] - Trade payables decreased from 43.39 million MYR in fiscal year 2023 to 31.38 million MYR in fiscal year 2024, a decline of approximately 27.7%[30] - The expected loss rate for trade receivables increased to 1.7% in fiscal year 2024 from 0.6% in fiscal year 2023, with provisions for trade receivables amounting to 2.92 million MYR[52] Corporate Governance and Compliance - The company maintained public float in compliance with the Hong Kong Stock Exchange listing rules as of the announcement date[60] - The audit and risk management committee reviewed the consolidated financial data for fiscal year 2024, confirming consistency with the audited financial statements[64] - The company has adopted a code of conduct for securities trading by directors and senior management, with all directors confirming compliance during the review year[63] - The company is committed to high standards of corporate governance and will continue to review its governance practices[62] Future Outlook - The company anticipates challenges in fiscal year 2025, particularly regarding overcapacity and environmental pressures[31] - The group expects the adoption of new and revised international financial reporting standards will not have a significant impact on its financial performance[13] Employee Information - Employee count increased to 371 in Malaysia as of December 31, 2024, up from 323 in 2023, representing a growth of 14.8%[55] Other Information - The group reported other income of 1,436 thousand MYR in fiscal year 2024, a decrease from 1,605 thousand MYR in fiscal year 2023[18] - Other income decreased from 1.61 million MYR in fiscal year 2023 to 1.44 million MYR in fiscal year 2024, primarily due to a reduction in rental and miscellaneous income[37] - The group's net other losses for the fiscal year 2024 amounted to 1.21 million MYR, an increase of 0.45 million MYR compared to the fiscal year 2023[38] - The capital commitments for the acquisition of property, plant, and equipment as of December 31, 2024, were 28.56 million MYR, compared to 11.76 million MYR in the previous year[49] - The group had no contingent liabilities as of December 31, 2024, consistent with the previous year[48] - There were no purchases, sales, or redemptions of the company's listed securities during the fiscal year 2024[57] - The company has not disclosed any significant events that occurred after the end of the fiscal year 2024 up to the date of this announcement[54] - The company will hold its annual general meeting on June 14, 2025, with a registration suspension period from June 10 to June 14, 2025[59]