* (Incorporated in the Cayman Islands and its members' liability is limited) （Stock Code 股份編號：2314） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1), Lee & Man Paper Manufacturing Limited (the "Company") – Notice of publication of 2024 Annual Report, circular dated 1 April 2025 together with Notice of Annual General Meeting and Proxy Form (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's we ...

NOTIFICATION LETTER 通知信函 * (Incorporated in the Cayman Islands and its members' liability is limited) （於開曼群島註冊成立及其成員責任為有限） （Stock Code 股份編號：2314） 1 April 2025 Dear Registered Shareholders, Lee & Man Paper Manufacturing Limited (the "Company") – Notice of publication of 2024 Annual Report, circular dated 1 April 2025 together with Notice of Annual General Meeting and Proxy Form (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now a ...

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，並明確表示概不會就本通函全部或任何部分內 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的行動有任何疑問，應諮詢持牌證券商、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如 已將名下的理文造紙有限公司股份全部 出售或轉讓，應立即將本通函及隨附的 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、持牌證券商或其他代理商， 以便轉交買主或承讓人。 * （於開曼群島註冊成立及其成員責任為有限） （股份編號：2314） 股東週年大會通告 有關重續發行及購回股份的 一般授權建議 及 重選董事 理文造紙有限公司謹訂於2025年5月8日中午12時正假座香港夏愨道18號海富中心第一 期24樓縱橫公共關係顧問集團辦事處舉行股東週年大會（「股東週年大會」），大會召開 通告載於本通函第17至 第21頁。無 論 股 東 能 否 出 席 股 東 週 年 大 會，務 請 儘 快 按 照 隨 附 的代表委任表格上所印列的指示填妥代表委任表格，並交回理文造紙有限公司的 ...

Financial Performance - Revenue for FY2024 reached HK$25,995 million, a 4.3% increase from FY2023's HK$24,937 million[13] - Profit for the year in FY2024 was HK$1,317 million, a decrease of 63.3% compared to FY2023's HK$3,652 million[15] - Total equity as of December 31, 2024, was HK$30,750 million, up from HK$28,607 million in 2022, representing a 7.5% increase[17] - Total assets as of December 31, 2024, amounted to HK$55,350 million, an increase from HK$54,097 million in 2023[22] - For 2024, the Group recorded total revenue of HK$26.0 billion, representing an increase of 4.2% from the previous year, while profit for the year increased by 17.6% to HK$1.4 billion[25][28] - The overall gross profit margin of the Group for the year was 12.0%, up by two percentage points year-on-year[31][34] - For the year ended December 31, 2024, the Group reported revenue of HK$26.00 billion and a profit attributable to ordinary shareholders of HK$1.31 billion, with a net profit per tonne of HK$187[45] - The earnings per share increased to HK30.56 cents for the year ended December 31, 2024, compared to HK24.39 cents for the previous year[48] Production and Sales - Sales volume for packaging paper in FY2024 was 5,629,000 tons, a slight increase from 5,476,000 tons in FY2023[19] - Sales volume for tissue paper in FY2024 was 816,000 tons, up from 676,000 tons in FY2023, indicating a growth of 20.8%[21] - The company has a planned tissue paper production capacity of 100,000 tons in Guangxi Chongzuo Lee & Man[5] - The company operates multiple production facilities with a total annual paper production capacity of 5.59 million tons across various locations[5] - The packaging paper business remains the Group's core focus, supported by government policies aimed at reducing excessive plastic packaging[37][40] - The tissue paper business is expanding with the introduction of natural bamboo unbleached tissue paper to meet market demand for environmentally friendly products[38][40] - The annual production capacities of the company's plants in Guangdong, Jiangsu, Chongqing, Vietnam, and Malaysia account for nearly 70% of total production[171] Cost and Expenses - Distribution and selling expenses rose to HK$656 million, representing approximately 2.5% of revenue, up from 2.4% in the previous year[46] - General and administrative expenses increased to HK$1,297 million, accounting for about 5.0% of revenue, compared to 4.5% in the previous year[47] - Total finance costs for the year were HK$935 million, an increase from HK$831 million in the previous year, primarily due to higher bank borrowing amounts and interest rates[51] Corporate Governance - The Group is committed to high standards of corporate governance and has complied with the Code on Corporate Governance Practices during the year[65] - The Board comprises five executive directors and three independent non-executive directors as of December 31, 2024[73] - The Chairman and the Chief Executive Officer hold separate roles, with the Chairman overseeing the Board's effective functioning[71] - The Board's principal focus is on the overall strategic development and financial performance of the Group[74] - The Company has adopted a new remuneration committee scope effective from January 1, 2023, and reviewed its remuneration policies[68] - The Audit Committee reviewed the Group's consolidated financial statements for the year ended 31 December 2024[86] - The Remuneration Committee was established in 2005 and is responsible for recommending remuneration packages for directors and senior management, ensuring a link to corporate performance[95] Risk Management and Compliance - The Group has established a risk management framework involving the Board, Audit Committee, and Risk Management Taskforce to monitor risks effectively[121] - Risk management and internal control reports are submitted to the Audit Committee and the Board at least annually, ensuring ongoing oversight[127] - The Group's risk management systems are designed to provide reasonable assurance against material misstatement or loss, rather than absolute assurance[128] - The Company emphasizes the importance of compliance management to ensure business operations meet regulatory requirements[196] Employee and Diversity Initiatives - The Group maintained a workforce of over 10,000 employees, with competitive salaries and internal training programs[62] - The Group had over 10,000 employees as of December 31, 2024, with approximately 19% being female, and senior management comprised about 40% female members[150] - The Company is committed to maintaining female representation on the Board and developing a pipeline of potential successors[150] - The Board regularly assesses the diversity profile of all employee levels to attract and retain a wide pool of talent[150] Environmental, Social, and Governance (ESG) Efforts - The company aims to reduce overall air emissions by 2%, wastewater by 1%, and non-hazardous waste by 2% by 2025, using 2019 figures as a baseline[180] - The company has been recognized with the "2024 Energy Efficiency Benchmark of Guangdong Paper Manufacturing Industry" and "Top 100 Green and Sustainable Enterprises 2024" awards[176] - The board is responsible for sustainable development, including evaluating risks and opportunities related to key ESG issues[175] - The company has invested in environmentally friendly production technologies, including ultra-low emission technology and biomass fuel[176] - The Group aims to enhance employee compensation and benefits to increase satisfaction and loyalty[196] - The ESG task force, led by senior management, identifies major ESG issues and monitors the Group's ESG performance regularly[187] - The Group has identified 31 significant ESG issues based on stakeholder assessments, with a focus on environmental concerns due to increased stakeholder interest this year[198]

EF001 其他信息 其他信息 不適用 發行人董事 於本公布日期，本公司董事會成員包括五位執行董事，計有李文俊博士、李文斌先生、葉向勤先生、李浩中先生及李經緯先生及三 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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。 | 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 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 理文造紙有限公司 | | 股份代號 | 02314 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至2024年12月31日止12個月之末期股息 | | | 公告日期 | 2025年3月6日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 0 ...

EF001 免責聲明 | 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。 | 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 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 理文造紙有限公司 | | 股份代號 | 02314 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至2024年12月31日止12個月之末期股息 | | | 公告日期 | 2025年3月6日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 0.045 HKD | | 股東批准日期 | 2025年5月8日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.045 HKD | | 匯率 | 1 HKD : 1 H ...

Financial Performance - The company's revenue for the year was HKD 25.995 billion, an increase of 3.4% from HKD 24.937 billion in 2023[4] - The net profit for the year was HKD 1.358 billion, representing a growth of 17.7% compared to HKD 1.154 billion in 2023[4] - Gross profit for the year was HKD 2.502 billion, down from HKD 3.113 billion in 2023, indicating a decrease of 19.6%[5] - The total comprehensive income for the year was HKD 1.517 billion, compared to HKD 708.6 million in 2023, reflecting a significant increase of 113%[7] - The group reported a pre-tax profit of HKD 1,612,349 for the fiscal year ending December 31, 2024, compared to HKD 1,412,359 in 2023, indicating a growth of about 14.1%[20] - The group reported a net profit of HKD 1,312,839 thousand for 2024, up from HKD 1,050,931 thousand in 2023, reflecting an increase of approximately 25%[42] - Total revenue for 2024 increased by 4.2% to HKD 26 billion, compared to the previous year[60] - Annual profit rose by 17.6% to HKD 1.4 billion, with earnings per share at HKD 30.56, up from HKD 24.39 in 2023[60] Dividends and Equity - The stable dividend payout ratio is approximately 35%, with a final dividend of HKD 0.045 per share[4] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.045 per share, down from HKD 0.061 per share in 2023[41] - Total equity attributable to owners of the company decreased slightly to HKD 28,004,102 thousand in 2024 from HKD 28,757,512 thousand in 2023, a decline of about 2.6%[10] - The group's total equity as of December 31, 2024, was HKD 28.013 billion, a decrease from HKD 28.767 billion in 2023[78] Assets and Liabilities - The company's total assets less current liabilities amounted to HKD 42.767 billion, slightly up from HKD 42.661 billion in 2023[9] - Total assets as of December 31, 2024, amounted to HKD 55,350,359, compared to HKD 54,097,321 in 2023, showing an increase of about 2.32%[23] - The total liabilities for the group as of December 31, 2024, were HKD 27,337,184, up from HKD 25,330,359 in 2023, representing an increase of approximately 7.9%[24] - The company's bank borrowings rose to HKD 8.931 billion from HKD 7.037 billion in 2023, an increase of 27%[9] - Non-current liabilities increased to HKD 13,050,914 thousand in 2024 from HKD 12,256,122 thousand in 2023, representing a growth of approximately 6.5%[10] - The total non-current liabilities, including bank borrowings and lease liabilities, amounted to HKD 14,753,827 thousand in 2024, compared to HKD 13,894,293 thousand in 2023, reflecting an increase of about 6.2%[10] Financial Costs and Expenses - The company's financial costs increased to HKD 326.2 million from HKD 278.1 million in 2023, marking a rise of 17.3%[5] - Total financial costs increased to HKD 935 million, primarily due to higher bank borrowings and average interest rates[75] - Distribution and selling expenses for the year were HKD 656 million, accounting for approximately 2.5% of revenue, up from 2.4% in the previous year[73] - Administrative expenses rose to HKD 1.297 billion, representing 5.0% of revenue, an increase from 4.5% in the previous year[74] Operational Metrics - The inventory turnover period for raw materials and finished goods was 54 days and 14 days, respectively, down from 66 days and 17 days in the previous year[76] - The accounts receivable turnover period was 47 days, compared to 42 days in the previous year, aligning with the credit terms offered to customers[77] - The aging analysis of accounts receivable shows an increase in amounts not exceeding 30 days to HKD 2,178,694,000 in 2024 from HKD 1,809,940,000 in 2023[48] Employee and Operational Insights - The group has over 10,000 employees, with competitive salary levels and annual performance evaluations[81] - The group has not faced any significant employee issues or labor disputes during the year[81] - The group has maintained a strong cash flow and banking facilities to meet operational needs[79] Future Outlook and Strategic Initiatives - The company plans to enhance domestic sales and improve production efficiency through technological upgrades and product development to meet market demand[65] - The company anticipates gradual recovery in downstream demand due to government stimulus policies[60] Regulatory and Reporting Standards - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which did not have a significant impact on the financial position and performance for the current and prior years[13] - The group is currently assessing the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements, which will take effect from January 1, 2027[19] - The total liabilities classification as current or non-current has been retrospectively applied, with no significant impact on the consolidated financial statements for the year[16] Miscellaneous - The annual general meeting is scheduled for May 8, 2025[88] - The audit committee has reviewed the consolidated financial statements for the year ended December 31, 2024[85]

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 布 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 會 就 本 公 布 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。 承董事會命 理 文 造 紙 有 限 公 司 公 司 秘 書 羅潔茹 * （ 於 開 曼 群 島 註 冊 成 立 及 其 成 員 責 任 為 有 限 ） （ 股 份 編 號 ： 2314 ） 董事會會議通告 理文造紙有限公司（「本公司」）董事會（「董事會」）欣然宣布，本公司之董事會會議將 於2 0 2 5年 3 月6 日 舉 行， 藉 以（其中包括）批 准 本 公 司 及 其 附 屬 公 司 截 至 202 4 年 1 2 月 3 1 日 止 年 度 之業績及其發布，以及考慮派發 末 期股息 。 * 僅供識別 香港，202 5年2月2 4日 於 本 公布 日 期 ， 本 公 司 董事 會 成 員 包 括 五 位執 行 董 事 ， 計 有李 文 俊 博 士 、 李 文斌 先生、葉 ...

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布之內容概不 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 公 布 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。 理文造紙有限公司（「本公司」）董事會（「董事會」）欣 然 宣 布，於2024年11月25日 舉 行之股東特別大會（「股東特別大會」）上，載 於 日 期 為2024年11月5日之股東特別 大會通告（「股東特別大會通告」）內之普通決議案獲出席大會之本公司股東（「股 東」）以 投 票 表 決 方 式 正 式 通 過。卓 佳 證 券 登 記 有 限 公 司 為 股 東 特 別 大 會 投 票 之 監 票 員。股 東 於 股 東 特 別 大 會 上 就 決 議 案 投 贊 成 或 反 對 票 所 涉 及 之 本 公 司 股 份（「股 份」）數 目 如 下： * （於開曼群島註冊成立及其成員責任為有限） （股 份 編 號：2314） 股東特別大會─投票結果 董 事 會 欣 然 宣 布，於2024年11月25日，本 公 司 舉 行 股 東 特 別 大 會，而載於 ...

* (Incorporated in the Cayman Islands and its members' liability is limited) （於開曼群島註冊成立及其成員責任為有限） （Stock Code 股份編號：2314） NOTIFICATION LETTER 通知信函 5 November 2024 Dear Non-registered Holder(s) (Note 1), Lee & Man Paper Manufacturing Limited (the "Company") – Notice of publication of Circular dated 5 November 2024 together with Notice of Extraordinary General Meeting and Proxy Form (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are av ...