Tian Tu Capital Co., Ltd. 深圳市天圖投資管理股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1973） 1. 請 用 正 楷 填上登記在H股股東名冊上的全名（中文及英文）及註冊地址。 2. 請填上以 閣下名稱登記與本委任代表表格有關的本公司H股數目。如未有填上數目，則本委任代表表格將被視為與以 閣下名稱登記的 所有本公司H股有關。 3. 如 欲 委 派 大 會 主 席 以 外 的 人 士 為 受 委 代 表，請 將「大會主席 或」的 字 樣 刪 去，並 在 空 格 內 填 上 閣下擬委派的受委代表姓名及地址。股東可 委任一名或多名受委代表出席及代其投票。如股東委任超過一名受委代表，其受委代表只能以投票方式行使表決權。本委任代表表格的任 何更改，須由簽署人簡簽示可。 4. 決議案全文載於日期為2025年8月28日的大會通函內，連同本委任代表表格將一同寄發給本公司股東。任何欲委派受委代表的股東應先參 閱大會通函。 5. 注意： 閣 下 如 欲 投 票 贊 成 決 議 案，請 在 決 議 案 的「贊 成」欄 內 填 上「✓」號。 閣下如欲投票反對決議案，請在決議案的「 ...

Tian Tu Capital Co., Ltd. 深圳市天圖投資管理股份有限公司 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 對 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。 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1973） 2025年第二次股東特別大會通告 茲通告深圳市天圖投資管理股份有限公司（「本公司」）謹訂於2025年9月17日（星 期 三）上 午9時30分於中國深圳市福田區沙頭街道天安社區深南大道深鐵置業大 廈43層05單元公司會議室舉行2025年第二次股東特別大會（「股東特別大會」）， 藉 以 審 議 並 酌 情 通 過 下 列 決 議 案： 普通決議案 1. 考慮及批准於本公司日期為2025年8月28日之通函中建議變更全球發售所 得 款 項 淨 額 的 用 途。 承董事會命 深圳市天圖投資管理股份有限公司 董事長兼執行董事 王永華 中國深圳 2025年8月28日 於 ...

此乃要件 請即處理 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函之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本通函全部或 任何部份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。 閣下如 對本通函任何方面或應採取之行動 有任何疑問，應諮詢證券經紀或其他 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。 閣下如 已將名下之 深圳市天圖投資管理股份有限公司 股份全部 售出或轉讓，應 立即將本通函連同隨附之代表委任表格送交買方或承讓人或經手買賣或轉讓的 銀行、證券經紀或其他代理商，以便轉交買方或承讓人。 Tian Tu Capital Co., Ltd. 深圳市天圖投資管理股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1973） (1) 變更全球發售所得款項淨額的用途；及 (2) 2025年第二次股東特別大會通告 本公司謹訂於2025年9月17日（星期三）上 午9時30分於中國深圳市福田區沙頭街 道天安社區深南大道深鐵置業大廈43層05單 元 公 司 會 議 室 舉 行 股 東 特 別 大 會。 股東特別大會的通告載於本通函第EGM- ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) This section provides a concise overview of the company's key financial performance and position for the reporting period | Indicator | Six Months Ended June 30, 2025 (RMB thousands) | Six Months Ended June 30, 2024 (RMB thousands) | | :--- | :--- | :--- | | **Statement of Profit or Loss:** | | | | Revenue | 14,223 | 21,479 | | Net investment income or loss | 52,786 | (619,607) | | Profit/(Loss) for the period | 76,468 | (742,217) | | Profit/(Loss) for the period attributable to owners of the Company | 76,005 | (740,511) | | Basic earnings/(loss) per share (RMB) | 0.11 | (1.07) | | **Balance Sheet (Period-end):** | | | | Total equity | 6,526,061 | 6,459,812 | | Equity attributable to owners of the Company | 6,502,921 | 6,437,109 | - The company achieved a turnaround in the first half of 2025, with profit for the period shifting from a **loss of RMB 742.2 million** in the same period of 2024 to a **profit of RMB 76.468 million**[4](index=4&type=chunk) - Net investment income or loss significantly improved, turning from a **loss of RMB 620 million** in the same period of 2024 to a **profit of RMB 52.786 million**[4](index=4&type=chunk) [Management Discussion and Analysis](index=2&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth review of the company's operational performance, financial results, and future strategic outlook [Business Review](index=2&type=section&id=Business%20Review) The company, a consumer-focused private equity investor, expanded AUM to **RMB 19.4 billion**, raised new funds, and diversified investment and exit strategies - As of June 30, 2025, the Group's total Assets Under Management (AUM) was approximately **RMB 19.4 billion**, comprising **RMB 14.7 billion** in fund assets and **RMB 4.7 billion** in direct investments[5](index=5&type=chunk) - The Group acts as fund manager for **20 funds**, including **16 RMB funds** and **4 USD funds**, with **13 focused on early-stage investments** and **7 on growth and late-stage opportunities**[5](index=5&type=chunk) | Indicator | Number of Funds | Assets Under Management (RMB billions) | Committed Capital (RMB billions) | Contribution of Own Funds to Total Committed Capital (RMB billions) | | :--- | :--- | :--- | :--- | :--- | | Consolidated Funds | 8 | 7.5 | 10.3 | 2.1 | | Unconsolidated Funds | 12 | 7.2 | 5.3 | 0.7 | | Total | 20 | 14.7 | 15.6 | 2.8 | - In the first half of 2025, the Group raised an additional **RMB 486.3 million** in fund capital and established CVC funds with Ziyan Food and L'Oréal Group, focusing on the catering industry chain and emerging opportunities in China's beauty sector[11](index=11&type=chunk) - The Group listed 'Tiantu No. 1' Special Purpose Acquisition Company (SPAC) on the Macao Financial Asset Exchange (MCEX), adopting a Revenue-Based Financing (RBF) model to invest in high cash flow businesses, broadening return paths and reducing reliance on traditional IPO exits[14](index=14&type=chunk) - Hong Kong subsidiary Tiantu Asset Management completed a strategic upgrade of its SFC Type 9 license, allowing over **10% of its portfolio assets** to be allocated to virtual assets, laying the groundwork for future crypto-themed funds[15](index=15&type=chunk) - As of June 30, 2025, the Group held interests in **183 existing portfolio companies** and exited **20 portfolio companies** in the first half of the year, realizing cumulative capital returns of approximately **RMB 1.07 billion**[15](index=15&type=chunk)[17](index=17&type=chunk) [Outlook for the Second Half of 2025](index=6&type=section&id=Outlook%20for%20the%20Second%20Half%20of%202025) The company will focus on thematic investments, explore innovative paths including dividend-yield strategies, strategic M&A, and digital assets, to enhance portfolio resilience and diversify returns - The Group will focus on thematic investments and deep market insights, actively exploring innovative investment paths, including dividend and yield-oriented investments, strategic mergers and acquisitions, and selected allocations in digital assets[18](index=18&type=chunk) - By combining traditional strengths with emerging value creation channels, the Group aims to achieve differentiated growth and capture investment opportunities across various asset classes[18](index=18&type=chunk) [Financial Review](index=6&type=section&id=Financial%20Review) In H1 2025, revenue declined, but net investment income significantly improved, leading to a turnaround in total income and profit for the period | Indicator | Six Months Ended June 30, 2025 (RMB thousands) | Six Months Ended June 30, 2024 (RMB thousands) | Change | | :--- | :--- | :--- | :--- | | Revenue | 14,223 | 21,479 | Down 33.8% | | Net investment income or loss | 52,786 | (619,607) | Turned from loss to profit | | Total revenue and net investment income or loss | 67,009 | (598,128) | Turned from loss to profit | | Other operating expenses | (21,282) | (28,774) | Down 26.1% | | Finance costs | (29,229) | (34,157) | Down 14.4% | | Share of results of associates and joint ventures | 44,424 | (153,190) | Turned from loss to profit | | Profit/(Loss) for the period | 76,468 | (742,217) | Turned from loss to profit | - The decrease in revenue was primarily due to a reduction in fund management fees and carried interest[19](index=19&type=chunk) - The increase in net investment income or loss was mainly attributable to unrealized fair value changes of financial assets[21](index=21&type=chunk) - Other operating expenses decreased primarily due to reduced consulting expenses related to investment management[24](index=24&type=chunk) - Finance costs decreased mainly due to the modification of bond coupon rates and repayment of bank borrowings[25](index=25&type=chunk) - The improvement in share of results of associates and joint ventures primarily reflected increased investment income from managed unconsolidated funds[28](index=28&type=chunk) [Liquidity and Financial Resources](index=8&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the company maintained sufficient working capital, stable cash growth, and reduced debt, while facing unhedged USD foreign exchange risk | Indicator | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | Change | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | 1,219,500 | 1,203,400 | Slight increase | | Total debt | 837,300 | 1,023,700 | Down 18.2% | | Pledged assets (Interests in associates) | 1,240,600 | N/A | N/A | - The decrease in total debt was primarily due to the repayment of **RMB 200 million** in bonds in May 2025[32](index=32&type=chunk) - The Group is exposed to foreign exchange risk arising from its USD currency exposure but has not hedged against any foreign currency fluctuations[34](index=34&type=chunk) [Employees and Remuneration](index=9&type=section&id=Employees%20and%20Remuneration) As of June 30, 2025, the company had 72 employees, with stable remuneration costs, and had purchased H-shares for an incentive plan without granting awards yet - As of June 30, 2025, the Group had a total of **72 employees**[35](index=35&type=chunk) | Indicator | Six Months Ended June 30, 2025 (RMB thousands) | Six Months Ended June 30, 2024 (RMB thousands) | | :--- | :--- | :--- | | Total staff costs | 25,500 | 27,300 | - The Company instructed the trustee to purchase **1,012,800 H-shares** through market transactions for the administration of the 2024 H-share incentive scheme, but no awards had been granted under the scheme as of June 30, 2025[36](index=36&type=chunk) [Condensed Consolidated Financial Statements](index=10&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the company's condensed consolidated financial statements, including the statement of profit or loss, comprehensive income, and financial position [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement details the company's revenue, investment income, expenses, profit before tax, and profit for the period for the six months ended June 30, 2025, showing a significant turnaround | Indicator | Six Months Ended June 30, 2025 (RMB thousands) | Six Months Ended June 30, 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 14,223 | 21,47

Group 1 - Tiantu Investment has formed a strategic partnership with HashKey Capital to explore opportunities in the digital asset sector, including the establishment of investment funds [1][2] - Tiantu Asset Management Company Limited (Tiantu AM) is a licensed asset management firm in Hong Kong, holding a license for asset management and virtual asset business [1] - The collaboration aims to enhance Tiantu's investment framework by integrating digital asset and blockchain capabilities, creating value for portfolio companies and investors [2] Group 2 - The partnership reflects a shift in traditional venture capital firms from cautious exploration to strategic positioning in the digital asset space, particularly in regions with clear regulatory frameworks like Hong Kong [2] - The digital economy is seen as a frontier for technological revolution and industrial transformation, with significant growth potential in asset management and investment operations within the digital asset sector [3] - Other Hong Kong-listed companies, such as Huaxing Capital, are also entering the digital asset market, indicating a broader trend among public companies to diversify into Web 3.0 and cryptocurrency assets [3][4] Group 3 - Huaxing Capital's early investment in stablecoin giant Circle has proven lucrative, highlighting the potential for traditional financial institutions to bridge the gap with the crypto world [4] - The increasing interest in digital assets among venture capital firms is driven by the need to diversify risks and capture high-growth opportunities in a challenging investment environment [2][4] - Collaborations between leading institutions are expected to attract more traditional capital into the digital asset space, accelerating the migration of funds and talent [4]

Core Viewpoint - Tian Tu Investment (01973.HK) has entered into a strategic cooperation memorandum with Hashkey Capital Limited to explore business collaboration opportunities, including the potential establishment of an investment fund in the virtual asset sector [1] Group 1: Strategic Collaboration - The memorandum aims to expand business cooperation opportunities and may lead to the joint establishment of an investment fund focused on virtual assets [1] - Any collaboration will comply with applicable laws and regulations that may restrict Tian Tu Asset Management or any other member of the group [1] Group 2: Industry Insights - The company believes that virtual assets are increasingly integrated into daily business operations, and the widespread application of blockchain technology will shape the future development of various industries [1] - Virtual assets and cryptocurrencies are identified as areas with significant growth potential within asset management and investment businesses [1] Group 3: Company Profiles - Both Tian Tu Asset Management and Hashkey Capital are licensed asset management companies in Hong Kong, holding a Type 9 virtual asset management license [1] - Hashkey Capital is a leading digital asset financial services group under Hashkey Group, possessing extensive expertise in asset management and investment [1] - The collaboration between Tian Tu Asset Management and Hashkey Capital is expected to enhance the group's asset management business, expand its range of investment products, diversify its investor base, and strengthen experience in the rapidly evolving virtual asset sector [1]

Core Viewpoint - TianTu Investment (01973) has entered into a strategic cooperation memorandum with HashKey Capital to explore business collaboration opportunities, including the potential establishment of an investment fund in the virtual asset sector [1] Group 1: Strategic Collaboration - The memorandum aims to expand business cooperation opportunities between TianTu Asset Management and HashKey Capital [1] - Both companies are licensed asset management firms in Hong Kong and hold the Type 9 virtual asset management license [1] Group 2: Market Potential - The company recognizes that virtual assets are increasingly integrated into daily business operations, and the widespread application of blockchain technology will shape future industry developments [1] - Virtual assets and cryptocurrencies are identified as areas with significant growth potential within asset management and investment businesses [1] Group 3: Expertise and Diversification - HashKey Capital is part of the leading digital asset financial services group in Asia, possessing extensive expertise in asset management and investment [1] - The collaboration is expected to enhance the group's asset management business, expand its range of investment products, diversify its investor base, and strengthen experience in the rapidly evolving virtual asset sector [1]

Core Viewpoint - TianTu Investment (01973) has signed a strategic cooperation memorandum with HashKey Capital to explore business collaboration opportunities, including the potential establishment of an investment fund in the virtual asset sector [1] Group 1: Strategic Collaboration - The memorandum aims to expand business cooperation opportunities between TianTu Asset Management and HashKey Capital [1] - Both companies are licensed asset management firms in Hong Kong and hold the Type 9 virtual asset management license [1] Group 2: Market Potential - The company believes that virtual assets are increasingly integrated into daily business operations, and the widespread application of blockchain technology will shape the future development of various industries [1] - Virtual assets and cryptocurrencies are identified as areas with significant growth potential within asset management and investment businesses [1] Group 3: Expertise and Diversification - HashKey Capital is a leading digital asset financial services group in Asia, possessing extensive expertise in asset management and investment [1] - The collaboration is expected to enhance the group's asset management business, expand its range of investment products, diversify its investor base, and strengthen experience in the rapidly developing virtual asset sector [1]

Tian Tu Capital Co., Ltd. 深圳市天圖投資管理股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1973） 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。 本公司董事（「董 事」）會（「董事會」）欣 然 宣 佈，於8月18日，天 圖 資 產 管 理 有 限 公 司（「天圖資產管理」）與Hashkey Capital Limited（「Hashkey Capital」）訂立戰略合作備 忘 錄（「戰略合作備忘錄」），用 於 拓 展 業 務 合 作 機 遇，即 可 能 聯 合 設 立 虛 擬 資 產 領 域 的 投 資 基 金，並 於 日 後 進 一 步 探 索 其 他 形 式 的 聯 合 協 作。任 何 有 關 協 作 將 遵守天圖資產管理或本集團任何其他成員公司可能受到規限的適用法律法規。 訂立戰略合作備忘錄的理 ...

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 表 明 概 不 就 因 本 公 告 全 部 或 任 何 部 份 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。 承董事會命 深圳市天圖投資管理股份有限公司 董事長兼執行董事 王永華 中國深圳 2025年8月15日 於 本 公 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事 王 永 華 先 生、馮 衛 東 先 生 及 鄒 雲 麗 女 士；非 執 行 董 事 王 仕 生 先 生、黎 瀾 先 生 及 姚 嘉 雯 女 士；及 獨 立 非 執 行 董 事 王 世 林 先 生、刁 揚 先 生 及 蔡 洌 先 生。 Tian Tu Capital Co., Ltd. 深圳市天圖投資管理股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1973） 董事會會議召開日期 深圳市天圖投資管理股份有限公司（「本公司」）董事會（「董事會」）兹通告謹定於 2 ...