Core Viewpoint - The company has issued a profit warning, expecting a significant decline in net profit for 2025, while also advancing its H-share full circulation plan and experiencing changes in executive management, alongside ongoing risks related to concentrated shareholding [1] Financial Performance - The company anticipates a net profit for 2025 to be approximately 45 million to 55 million yuan, representing a substantial decrease of about 65% to 71% compared to the 157 million yuan in 2024. This decline is primarily attributed to intensified industry competition leading to increased costs, reduced gross margins, and a more prudent approach in raising the allowance for bad debts [2] Company Status - On December 30, 2025, the board approved a proposal for the controlling shareholder, Shaanxi Automobile Group, to convert approximately 538 million domestic shares into H-shares, which accounts for about 24.67% of the total issued shares. This plan is subject to approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange, and its implementation may impact H-share liquidity and shareholding structure [3] - The Hong Kong Securities Regulatory Commission noted on December 2, 2025, that the company's shareholding is highly concentrated, with the top ten shareholders holding a total of 98.90% of H-shares, leaving only 1.10% in circulation. This structure may lead to significant price volatility due to limited trading, which remains a risk to monitor [5] Executive Changes - On February 11, 2026, the company announced that Executive Director and Deputy General Manager Wang Wenqi resigned from his deputy position due to age reasons, with the effectiveness of his executive director role pending the appointment of a new director. This personnel change may involve adjustments to the company's governance structure [4] Business Development - Since 2025, the company has been expanding its overseas market through strategic partnerships, such as the smart logistics project with Yongqing Group in Indonesia, aiming to enhance the international business proportion by leveraging the trend of heavy trucks going abroad. The realization of overseas orders and their contribution to performance are worth tracking [6]

Core Viewpoint - Deutsche Bank (德银天下) announced the resignation of Mr. Wang Wenqi due to age reasons, effective from February 11, 2026, for the position of Deputy General Manager and from the date of appointment of a new director for the position of Executive Director of the Second Board [1] Group 1 - Mr. Wang Wenqi has submitted his resignation as Deputy General Manager due to age reasons [1] - The resignation will take effect on February 11, 2026 [1] - Mr. Wang will also resign from his position as Executive Director of the Second Board upon the appointment of a new director [1]

Core Viewpoint - Deutsche Bank Tianxia (02418.HK) announced the resignation of Wang Wenqi due to age reasons, effective from February 11, 2026, for the position of Deputy General Manager and from the date of appointment of the new director for the position of Executive Director of the second board [1] Group 1 - Wang Wenqi has submitted his resignation as Deputy General Manager due to age reasons, effective from February 11, 2026 [1] - His resignation as Executive Director of the second board will take effect from the appointment date of the new director [1]

Core Viewpoint - Deutsche Bank Tianxia (02418) announced the resignation of Mr. Wang Wenqi due to age reasons, effective from February 11, 2026, for the position of Deputy General Manager and from the date of appointment of a new director for the position of Executive Director of the Second Board [1] Group 1 - Mr. Wang Wenqi has submitted his resignation as Deputy General Manager due to age reasons [1] - The resignation will take effect on February 11, 2026 [1] - The resignation from the position of Executive Director will take effect upon the appointment of a new director [1]

根據本公司章程（「章程」），王先生將繼續履行執行董事職責，其執行董事 的辭任僅於本公司股東會委任新董事加入董事會後生效。 王先生已確認其與董事會並無意見分歧，且其辭任並無任何事宜需提請香 港聯合交易所有限公司（「聯交所」）、本公司股東及債權人關注。 董事會謹此對王先生在任期內為公司作出的寶貴貢獻表示衷心感謝。 公司將在適當時候根據聯交所證券上市規則及章程的要求，就建議委任新 董事事宜另行發佈公告及進行安排。 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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （ 一家於中華人民共和國註冊成立的股份有限公司） （股份代號：2418） 執行董事兼副總經理辭任 德銀天下股份有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，王文 岐 先 生（「 王 先 生」）因 年 齡 原 因 ， 已 提 出 辭 任 (i) 本 公 司 副 總 經 理 職 務 ， 自 2026年2月11日起生效；及(ii)第二屆董事會執行董事職務，自新任董事獲 委任之日起生效。 郭萬才 中 ...

Core Viewpoint - Deutsche Bank (02418) anticipates a significant decline in net profit for the fiscal year ending December 31, 2025, projecting a range of approximately RMB 45 million to RMB 55 million, which represents a decrease of about 65% to 71% compared to the net profit of RMB 157 million for the fiscal year ending December 31, 2024 [1] Group 1: Financial Projections - The expected net profit for 2025 is projected to be between RMB 45 million and RMB 55 million [1] - This represents a substantial decrease of approximately 65% to 71% from the previous year's net profit of RMB 157 million [1] Group 2: Reasons for Profit Decline - Increased competition in the domestic financing leasing and supply chain logistics industries is a primary factor contributing to the anticipated decline in net profit [1] - To enhance competitiveness in response to market conditions, the company is increasing its investment in business policy costs, leading to higher operational costs and a reduction in overall gross profit margin compared to the previous year [1] - The company has also raised the general provision for impairment of accounts receivable and specific credit impairment provisions for individual clients due to changes in overall market risk, which negatively impacts overall profit performance [1]

Core Viewpoint - Deutsche Bank Tianxia (02418) expects a significant decline in net profit for the fiscal year ending December 31, 2025, projecting a range of approximately RMB 45 million to RMB 55 million, which represents a decrease of about 65% to 71% compared to the net profit of RMB 157 million for the fiscal year ending December 31, 2024 [1] Group 1: Financial Projections - The projected net profit for 2025 is estimated to be between RMB 45 million and RMB 55 million [1] - This represents a substantial decrease of approximately 65% to 71% from the previous year's net profit of RMB 157 million [1] Group 2: Reasons for Profit Decline - Increased competition in the domestic financing leasing and supply chain logistics industries is a primary factor contributing to the expected decline in net profit [1] - To enhance competitiveness in response to market conditions, the company has increased its investment in business policy costs, leading to higher operational costs and a reduction in overall business gross margin compared to the previous year [1] - The company has also raised the general provision for impairment of accounts receivable and specific credit impairment provisions for individual clients due to changes in overall market risk, which has further impacted overall profit performance [1]

Core Viewpoint - The company expects a significant decline in net profit for the year ending December 31, 2025, projecting a range of approximately RMB 45 million to RMB 55 million, which represents a decrease of about 65% to 71% compared to the net profit of RMB 157 million for the year ending December 31, 2024 [1] Group 1: Financial Projections - The projected net profit for the year ending December 31, 2025, is approximately RMB 45 million to RMB 55 million [1] - This represents a decrease of about 65% to 71% from the previous year's net profit of RMB 157 million [1] Group 2: Reasons for Profit Decline - The primary reason for the expected decline in net profit is increased competition in the domestic financing leasing and supply chain logistics industries, leading to higher business costs as the company invests more in business policy costs [1] - Additionally, the company has increased the general provision for impairment of accounts receivable and specific credit impairment provisions for individual clients due to changes in overall market risk, which has further impacted overall profit performance [1]

（ 一家於中華人民共和國註冊成立的股份有限公司） （股份代號：2418） 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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 董事長 郭萬才 盈利預警 本公告乃由德銀天下股份有限公司（「本公司」，連同其附屬公司統稱為「本 集 團」）根 據 香 港 聯 合 交 易 所 有 限 公 司（「 聯 交 所」）證 券 上 市 規 則（「 上 市 規 則」）第13.09 (2) (a) 條及香港法例第571 章證券及期貨條例第XIVA 部項下內 幕消息條文（ 定義見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投 資者，根據本集團對截至2025年12月31日止年度未經審核綜合管理賬目的 初步審閱以及公司目前所得資料，本集團預計截至2025年12月31日止年度 淨利潤將為約人民幣45.0百萬元至人民幣55.0百萬元，較截至2024年12月 31日止年度減少約65%至71%。本集團截至2024年12月31日止年度淨利潤 為人民幣 ...

FF301 第 1 頁 共 10 頁 v 1.2.0 致：香港交易及結算所有限公司 公司名稱: 德銀天下股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02418 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 552,436,500 | RMB | | 1 RMB | | 552,436,500 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 552,436,500 | RMB | | 1 RMB | | 552,436,500 | | 2. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) ...