Company Overview - Zhujiang Steel Pipe Holdings Limited is a major manufacturer and exporter of longitudinal welded pipes in China, listed on the Hong Kong Stock Exchange since 2010 [2] - The company is headquartered in Panyu, Guangzhou, with production bases in Zhuhai and Lianyungang, and has multiple offices in Hong Kong, Yunfu, and Nanjing [2] - Zhujiang Steel Pipe has an annual production capacity of 1.8 million tons, with various types of welded pipe production lines [2] Product Range - The company produces a wide range of welded pipes, including large-diameter double-sided submerged arc welded pipes, high-frequency welded pipes, spiral submerged arc welded pipes, and corrosion-resistant alloy composite pipes [2] - Products meet various international standards such as API, ASTM, ISO, and DNV, and are used in sectors like offshore and onshore oil and gas pipelines, urban gas, and construction steel structures [3] Financial Performance - As of December 31, 2024, Zhujiang Steel Pipe reported total revenue of 2.94 billion yuan, a year-on-year increase of 10.9%, and a net profit attributable to shareholders of 213 million yuan, up 15.72% [1] - The company's gross profit margin stands at 17.6%, with a debt-to-asset ratio of 80.95% [1] Market Position - Zhujiang Steel Pipe has a price-to-earnings (P/E) ratio of 1.34, ranking first in its industry, while the average P/E ratio for the oil and gas sector is -1.96 [1]

Core Viewpoint - The anticorrosive steel pipe industry is experiencing growth due to advancements in technology and increasing demand across various sectors, leading to a diversification of materials and applications [1][22]. Industry Definition and Classification - Anticorrosive steel pipes are treated steel pipes designed to resist corrosion, with common coatings including epoxy resin, polyurethane, and polyethylene [3][6]. - The industry categorizes pipes based on manufacturing processes, shapes, applications, and anticorrosion technologies [5][6]. Current Industry Status - The demand for anticorrosive steel pipes is driven by infrastructure development in sectors such as oil, chemicals, gas, and water supply, with a projected demand of 1,168.2 million tons in 2024 and a market size of approximately 55.09 billion yuan [2][6]. - The annual production of anticorrosive steel pipes in China has remained above 16 million tons, with forecasts indicating production of 17.85 million tons in 2024 and 18.41 million tons in 2025 [2][8]. Industry Supply Chain - The upstream supply chain includes raw materials like steel and anticorrosive coatings, while the midstream focuses on the production and research of anticorrosive steel pipes [10]. - The downstream applications span various industries, including oil, chemicals, and water supply, with potential for strategic partnerships to enhance the supply chain [10]. Competitive Landscape - The anticorrosive steel pipe industry features a mix of large state-owned enterprises and numerous private and foreign companies, with state-owned firms dominating the high-end market [13][14]. - Key players include China Petroleum Group, Jiangsu Yulong Steel Pipe Technology, and Tianjin Youfa Steel Pipe Group, among others [3][15]. Industry Development Trends - The industry is shifting towards high-tech and high-performance products, with innovations in materials such as composite and nanomaterials expected to meet diverse market needs [1][22]. - Anticorrosive steel pipes are anticipated to play a crucial role in future infrastructure projects, enhancing their importance in corrosion prevention solutions [1][22].

Group 1: Market Reactions - The announcement of a potential ceasefire between Israel and Iran led to a significant drop in oil prices, with WTI and Brent crude oil falling nearly 9% and over 7% respectively [1] - In the Asia-Pacific market, WTI crude futures initially dropped over 5%, and as of the report, both WTI and ICE Brent crude were down over 2% [1] - Gold prices also saw a decline of 0.3% amid the easing geopolitical tensions [1] Group 2: Stock Performance - Hong Kong oil and gas stocks experienced sharp declines, with Baikin Oil Services plunging nearly 30%, Shandong Molong down over 18%, and Sinopec Oilfield Services falling over 14% [2][3] - In the A-share market, oil and gas service stocks also faced significant losses, with companies like Beiken Energy and Zhun Oil shares hitting the daily limit down [4] Group 3: Geopolitical Context - Trump's unilateral announcement of a ceasefire was met with skepticism, as both Israel and Iran did not confirm the agreement, with Iran's foreign minister stating no ceasefire "agreement" had been reached [6][8] - The ongoing conflict continued despite the announcement, with reports of missile attacks from Iran towards Israel [6] - The situation in the Strait of Hormuz, a critical oil shipping route, was highlighted, with previous threats from Iran to close it, which could have led to oil prices soaring to $120-$130 per barrel [11]

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佈的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈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。 CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠江石油天然氣鋼管控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 1938) 附註： 於二零二五年六月二十日舉行之股東週年大會之投票結果 (g) 董事（陳昌先生、陳兆年女士、陳平先生、歐陽廣華先生及詹建宙先生）已親身出席股 東週年大會。 珠江石油天然氣鋼管控股有限公司(「本公司」)董事(「董事」)會(「董事會」) 欣然宣佈， 本公司股東週年大會（「股東週年大會」）已正式於二零二五年六月二十日（星期五）上午十 時三十分假座香港皇后大道中29號華人行1樓舉行，股東週年大會提呈的全部決議案均以投 票方式獲本公司股東(「股東」)正式通過。除文義另有所指外，本公佈所用詞彙與二零二五 年四月二十八日之通函所界定者具有相同涵義。 承董事會命 珠江石油天然氣鋼管控股有限公司 主 ...

Company Overview - Zhujiang Steel Pipe Holdings Limited is a major manufacturer and exporter of longitudinal welded pipes in China, listed on the Hong Kong Stock Exchange since 2010 [2] - The company is headquartered in Panyu, Guangzhou, with production bases in Zhuhai and Lianyungang, and has multiple offices in Hong Kong, Yunfu, and Nanjing [2] - Zhujiang Steel Pipe has an annual production capacity of 1.8 million tons, with various types of welded pipe production lines [2] Product Range - The company produces a wide range of welded pipes, including large-diameter double-sided submerged arc welded pipes (SAWL), high-frequency welded pipes (HFW), spiral submerged arc welded pipes (SAWH), and corrosion-resistant alloy (CRA) lined pipes [2][3] - Products meet various international standards such as API, ASTM, ISO, and EN, and are used in sectors like oil and gas pipelines, urban gas, and construction [3] Financial Performance - As of December 31, 2024, Zhujiang Steel Pipe reported total revenue of 2.94 billion yuan, a year-on-year increase of 10.9%, and a net profit attributable to shareholders of 213 million yuan, up 15.72% [1] - The company's gross margin stands at 17.6%, with a debt-to-asset ratio of 80.95% [1] Market Position - Zhujiang Steel Pipe has a price-to-earnings (P/E) ratio of 0.83, ranking first in its industry, while the average P/E ratio for the oil and gas sector is -3.17 [1]

(incorporated in the Cayman Islands with limited liability) (Stock Code: 1938) NOTIFICATION LETTER 通知信函 CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠 江 石 油 天 然 氣 鋼 管 控 股 有 限 公 司 Dear Non-registered Shareholder(1), 28 April 2025 Please note that by completing and returning the Request Form to request for the printed version of the Current Corporate Communications, you will expressly indicate that your instruction to receive printed version will apply to all future Corporate Communications( ...

CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠 江 石 油 天 然 氣 鋼 管 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) NOTIFICATION LETTER 通知信函 Dear Registered Shareholder, 28 April 2025 (Stock Code: 1938) Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (the "Company") — Notification of publication of 2024 Annual Report, Circular and Notice of AGM ("Current Corporate Communications") The English and Chinese versions of the Company's Current Corporate Communic ...

為響應環保與節省印刷及郵遞費用，本公司建議 閣下選擇收取網上版本。在行使上述選擇權時，請 閣下於 回條（「回條」）上適當空格內劃上「✓」號，簽署後以電郵發送至1938-ecom@vistra.com，或使用回條下方之 郵資已付的郵寄標籤寄回本公司的香港股份過戶登記分處（「股份過戶登記分處」），卓佳證券登記有限公司， 地址為香港夏慤道16號遠東金融中心17樓。如在香港以外地區投寄需貼上郵票。 倘若本公司於2025年5月28日前尚未收到 閣下填妥及簽署的回條或任何表示反對的回覆， 閣下將被視為已同 意日後登入本公司網站收取所有公司通訊網上版本，而本公司在將來只會向 閣下發出刊發通知。 CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠江石油天然氣鋼管控股有限公司 (incorporated in the Cayman Islands with limited liability) (Stock code: 1938) 各位新登記股東： 選擇收取公司通訊的語言版本及收取方式 珠江石油天然氣鋼管控股有限公司（「本公司」）根據香港聯合交易所有 ...

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通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本通告全部或任何 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。 CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠江石油天然氣鋼管控股有限公司 （於開曼群島註冊成立的有限公司） 1. 省覽及考慮本公司及其附屬公司截至二零二四年十二月三十一日止年度之經審 核綜合財務報表、本公司董事會報告與核數師報告； 2. 各為一項獨立決議案： (a) 重選陳昌先生為執行董事； (b) 重選歐陽廣華先生為獨立非執行董事；及 (c) 授權董事會釐定董事酬金； 3. 續聘中正天恆會計師有限公司為本公司核數師，並授權董事會釐定其酬金； （股份代號：1938） 股東週年大會通告 茲通告珠江石油天然氣鋼管控股有限公司（「本公司」）將於二零二五年六月二十日 （星期五）上午十時三十分假座香港皇后大道中29號華人行1樓舉行股東週年大會， 以考慮並酌情處理下列事務： 除文義另有所指外，本通告所用之詞彙具有與本公司日期為二零二 ...

此 乃 要 件 請 即 處 理 閣下如對本通函的任何方面或將予採取的行動有任何疑問，應諮詢 閣下的持牌證券交易商 或其他註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 珠江石油天然氣鋼管控股有限公司謹訂於二零二五年六月二十日（星期五）上午十時三十分 假座香港皇后大道中29號華人行1樓舉行股東週年大會，大會通告載於本通函第16至20頁。 無論 閣下能否親身出席股東週年大會，務請按照隨附代表委任表格印列的指示填妥表格， 並盡快及無論如何最遲於股東週年大會或其任何續會指定舉行時間48小時（即於二零二五年 六月十八日（星期三）上午十時三十分）前交回本公司的香港股份登記及過戶分處卓佳證券登 記有限公司，地址為香港夏愨道16號遠東金融中心17樓。填妥及交回代表委任表格後， 閣 下仍可依願親身出席股東週年大會或其任何續會，並於會上投票。於該情況下，代表委任表 格應被視為已撤銷論。 二零二五年四月二十八日 閣下如已出售或轉讓名下所有珠江石油天然氣鋼管控股有限公司的股份，應立即將本通函 連同隨附的代表委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、持牌證券交易商或 其他代理商，以便轉交買主或承讓人。 香港交易及結 ...