本公告乃根據香港聯合交易所有限公司證券上市規則第 14A.47 條作出。 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。 京 西 重 工 國 際 有 限 公 司 BEIJINGWEST INDUSTRIES INTERNATIONAL LIMITED (於開曼群島註冊成立之有限公司) （股份代號：2339） 延遲寄發有關 持續關連交易之通函 承董事會命 京西重工國際有限公司 主席 東小杰 二零二五年十二月一日 於本公告日期，董事會由東小杰先生（主席）、劉喜合先生（執行董事）、席建鵬博士（執 行董事）、黃科傑先生（獨立非執行董事）、盧家明先生（獨立非執行董事）及彭凡女士 （獨立非執行董事）組成。 2 茲提述京西重工國際有限公司（「本公司」）日期為二零二五年十一月十日關於與 京西智行集團訂立持續關連交易協議之公告（「該公告」）。除文義另有所指外， 本公告所用詞彙與該公告所界定者具有相同涵義。 誠如該公告所述，一份載有（其中包括）(i) (a)相互技術服務 ...

Summary of Key Points Core Viewpoint - As of November 26, a total of 39 stocks reached their 52-week highs, with notable performances from Fire Rock Holdings (02975), Crocodile Garments (02977), and Aisuo Holdings (08585) showing significant increases in their high rates [1]. 52-Week Highs - Fire Rock Holdings (02975) achieved a closing price of 0.114 with a peak of 0.231, marking a high rate of 285.00% - Crocodile Garments (02977) closed at 0.085, reaching a high of 0.189, reflecting a high rate of 170.00% - Aisuo Holdings (08585) closed at 0.021, with a peak of 0.040, resulting in a high rate of 110.53% - Other notable stocks include: - Fulltech Electric Group Holdings (01750) with a high rate of 23.64% - Century United Holdings (01959) at 22.05% - Cassava Resources (00841) at 20.19% [1]. 52-Week Lows - The stock with the largest decline was Jia Jin Investment International (00310), which closed at 0.141, reaching a low of 0.137, resulting in a decline rate of -25.95% - Crown Central Properties (00193) closed at 0.168, with a low of 0.141, reflecting a decline rate of -18.02% - Lion Holdings (02562) had a closing price of 4.710, with a low of 4.680, showing a decline rate of -9.48% - Other significant declines include: - Huading Holdings (03398) at -7.14% - XL Two South Strategy - U (09799) at -5.96% [2].

Core Viewpoint - Jingxi International (02339) has seen its stock price rise over 140% this month, indicating strong market interest and investor confidence [1] Financing and Investment - The company plans to issue 430 million shares at a discount of over 34% to its controlling shareholder and three other subscribers, along with issuing convertible bonds worth 409 million HKD [1] - The total net proceeds from this financing will amount to 710.4 million HKD, with allocations as follows: 40% for new production lines and upgrading existing lines at its Poland facility, 30% for operational funds at the Poland facility, 25% for operational funds at technology centers in Poland, Italy, and France, and 5% for operational funds at its Hong Kong headquarters [1] Market Context - The financing is driven by the robust growth in the automotive market and the complexities associated with transitioning to electric vehicles, which have led to diversified demand for internal combustion, hybrid, and electric vehicle components [1] - The company faces increasing operational costs and R&D investments, alongside pressures on working capital and talent requirements [1] - The investment aims to enhance Jingxi International's competitiveness in the high-end passenger vehicle components market and accelerate its global expansion [1]

Core Viewpoint - Jingxi International (02339) experienced a significant stock price fluctuation, initially opening lower but later rising over 18%, reflecting market reactions to its recent financing announcements [1] Financing Details - The company plans to issue 430.8 million shares to its controlling shareholder and three other subscribers, along with convertible bonds amounting to approximately 409 million yuan, raising a net amount of 710.4 million yuan [1] - The allocation of the funds includes 40% for the construction of new production lines and upgrading existing lines at its Poland facility, 30% for operational funds at the Poland facility, 25% for operational funds at technology centers in Poland, Italy, and France, and 5% for operational funds at the company's Hong Kong headquarters [1] Market Context - The financing decision is driven by the robust growth in the automotive market and the complexities associated with transitioning to electric vehicles, which have diversified the demand for internal combustion, hybrid, and electric vehicle components [1] - The company has faced rising operational costs and R&D investments, alongside increased pressure on working capital and talent requirements [1] R&D Achievements - Jingxi International has made significant investments in R&D, achieving a fully controllable supply chain for magnetorheological dampers, being the first in the domestic market to do so, and holds all relevant intellectual property rights [1]

Core Viewpoint - 京西国际 (02339.HK) experienced significant stock price fluctuations, initially opening sharply lower but later rising over 18% during the trading session [1] Group 1 - The stock price of 京西国际 rose by 15.89%, reaching 1.24 HKD per share [1] - The trading volume amounted to approximately 12.25 million HKD [1] - The total market capitalization of the company is around 1.068 billion HKD [1]

Core Viewpoint - 京西国际's stock experienced significant volatility, opening lower but later rising over 18%, reflecting market reactions to its recent financing announcements [1] Financing Details - 京西国际 plans to issue 430.8 million shares to four subscribers, including its controlling shareholder [1] - The company will also issue convertible bonds with a principal amount of approximately 409 million yuan, with net proceeds from the share issuance and convertible bonds totaling 710.4 million yuan [1] Allocation of Funds - 40% of the funds will be allocated for the construction of new production lines and upgrading existing lines at the company's Poland facility [1] - 30% will be used for working capital at the Poland facility [1] - 25% will support operational funding for technology centers in Poland, Italy, and France [1] - 5% will be designated for working capital at the company's Hong Kong headquarters [1] Market Context - The financing is driven by the robust growth in the automotive market and the complexities associated with transitioning to electric vehicles, which have diversified the demand for internal combustion, hybrid, and electric vehicle components [1] - The company faces rising operational costs and R&D investments, alongside increased pressure on working capital and talent requirements [1] R&D Investments - 京西智行 has been investing in R&D, achieving a fully controllable supply chain for magnetorheological dampers, with all intellectual property developed in-house [1]

Core Viewpoint - 京西国际 plans to issue approximately 431 million shares at a subscription price of HKD 0.704 per share, representing a 34.21% discount from the last trading price of HKD 1.07, raising approximately HKD 303.3 million [1] Group 1: Fundraising Details - The company will also issue convertible bonds worth approximately HKD 409 million, with total expected proceeds of about HKD 713 million and a net amount of HKD 710 million [1] - The initial conversion price for the convertible bonds is set at HKD 0.704 per share, allowing for the conversion of approximately 582 million shares, which would represent about 31.03% of the total issued shares post-issuance [1] Group 2: Use of Proceeds - The company intends to allocate 40% of the net proceeds for the construction of a new production line and upgrading existing lines at its Poland facility [1] - 30% of the funds will be used for operational expenses at the Poland facility, while 25% will support operational expenses at technology centers in Poland, Italy, and France [1] - The remaining 5% will be designated for operational expenses at the company's headquarters in Hong Kong [1] Group 3: Shareholding Structure - Following the completion of the subscription and the full conversion of the convertible bonds, 京西重工(香港) will hold 72.07% of the shares, while Liu Xihe, Xu Anpan, and Yao Lianfang will each hold 3.45% [1]

Core Viewpoint - 京西国际's shares will resume trading on November 17, 2025, at 9:00 AM [1] Group 1 - 京西国际 announced the resumption of trading for its shares [1]

Core Viewpoint - 京西国际 has entered into conditional subscription agreements for the issuance of new shares and convertible bonds, indicating a significant capital raising initiative to enhance its financial position and support future growth [1][2]. Group 1: Subscription Agreements - On November 13, 2025, 京西国际 signed a legally binding conditional letter of intent with subscriber D (Ms. Yao Lianfang, an independent third party) for the subscription of 60 million new shares [1]. - On November 16, 2025, 京西国际 entered into subscription agreement A with subscriber A (京西重工 (香港)有限公司, the controlling shareholder), agreeing to issue approximately 237 million shares at a price of HKD 0.704 per share, totaling approximately HKD 167 million [1]. - 京西国际 also signed subscription agreement B with subscriber B (Mr. Liu Xihe, an executive director), agreeing to issue approximately 64.61 million shares at the same price, totaling approximately HKD 45.49 million [1]. - The shares from these agreements represent about 35% of the total shares issued as of the announcement date and will be subject to special authorization at a shareholders' meeting [1]. Group 2: Additional Subscription Agreements - On November 16, 2025, 京西国际 entered into subscription agreement C with subscriber C (Ms. Xu Anpan, an independent third party) for the subscription of approximately 64.61 million shares at HKD 0.704 per share, totaling approximately HKD 45.49 million [2]. - 京西国际 also signed subscription agreement D with subscriber D for the same number of shares and price, totaling approximately HKD 45.49 million [2]. - These shares represent about 15% of the total shares issued as of the announcement date and will also require special authorization at a shareholders' meeting [2]. Group 3: Convertible Bonds - 京西国际 entered into a convertible bond subscription agreement with subscriber A, agreeing to issue convertible bonds amounting to approximately HKD 409 million [2]. - Based on an initial conversion price of HKD 0.704 per share, the bonds could convert into approximately 582 million shares, representing about 67.5% of the total shares issued as of the announcement date [2]. Group 4: Trading Suspension and Resumption - 京西国际's shares were suspended from trading on the Hong Kong Stock Exchange starting from 9:00 AM on November 14, 2025, pending the publication of this announcement [3]. - The company has applied for the resumption of trading, which is set to begin at 9:00 AM on November 17, 2025 [3].

Core Viewpoint - The company is engaging in a series of subscription agreements and convertible bond arrangements to raise approximately HKD 713 million for strategic investments and operational needs, particularly in its Polish production facilities and technology centers [4][5]. Group 1: Subscription Agreements - On November 13, 2025, the company entered into a legally binding conditional letter of intent with subscriber D, who intends to subscribe for 60 million new shares [1] - On November 16, 2025, the company signed subscription agreements with multiple subscribers, including A, B, and C, for a total of approximately 237 million shares at a price of HKD 0.704 per share, amounting to around HKD 167 million and HKD 45.49 million respectively [1][2] - The total number of shares to be issued under these agreements represents approximately 35% of the existing shares as of the announcement date, and about 23.33% after completion of the transactions [2] Group 2: Convertible Bonds - The company has also agreed to issue convertible bonds worth approximately HKD 409 million to subscriber A, which could lead to the issuance of about 581.5 million shares if the conversion rights are fully exercised [3] - This potential issuance would represent approximately 67.5% of the existing shares as of the announcement date and about 40.3% of the expanded share capital after the bond conversion [3] Group 3: Financial Resource Needs - The company anticipates a significant increase in operational complexity and costs due to the transition from internal combustion engines to electric vehicles, necessitating substantial investments in R&D and production capacity [4] - The board believes that the proposed subscription and bond arrangements are the most suitable means to raise additional capital, especially given the current global market volatility [4] Group 4: Use of Proceeds - The total expected net proceeds from the subscription and bond arrangements is approximately HKD 710 million, which will be allocated as follows: 40% for new production lines and upgrades in Poland, 30% for operational funding in Poland, 25% for operational funding in technology centers in Poland, Italy, and France, and 5% for operational funding at the Hong Kong headquarters [5][6]