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分內容而產生或依賴該等內 容而引致的任何損失承擔任何責任。 XXF GROUP HOLDINGS LIMITED 喜相逢集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2473） 須予披露交易 該等售後回租合同 訂立該等售後回租合同 於2026年3月30日（交易時段後），喜相逢集團（本公司間接全資附屬公司）及╱ 或其若干附屬公司（統稱承租人）與出租人訂立該等售後回租合同，據此，(1)承 租人同意向出租人轉讓租賃資產，總代價合共約為人民幣5,297,856.91元，及 (2)承租人同意向出租人租回租賃資產，租期為48個月，總租金合共約為人民幣 5,798,861.76元。 上市規則的涵義 自2026年1月4日起及直至緊接該等售後回租合同前一日，本集團（透過承租人） （作為承租人）與出租人訂立先前售後回租合同。根據上市規則第14.22條，該等 售後回租合同及先前售後回租合同項下擬進行的交易合併為一系列交易。 由於有關先前售後回租合同的適用百分比率概無超過5% ...

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分內容而產生或依賴該等內 容而引致的任何損失承擔任何責任。 XXF GROUP HOLDINGS LIMITED 喜相逢集團控股有限公司 （於開曼群島註冊成立的有限公司） 施女士已確認，彼與董事會並無意見分歧，亦無有關彼辭任的事宜須提請香港聯 合交易所有限公司（「聯交所」）或本公司股東垂注。 董事會欣然宣佈，麥寶文女士（「麥女士」）已獲委任為公司秘書，自2026年3月20 日起生效。以下載列麥女士的履歷詳情。 麥女士為方圓企業服務集團（香港）有限公司的總監。彼曾在多家專業機構及香港 上市公司工作，擁有超過20年工作經驗，範疇包括審計、會計、公司財務、合規 及公司秘書事務。麥女士於2017年獲香港理工大學公司管治碩士學位。彼於2017 年獲取香港公司治理公會及特許公司治理公會會士資格、於2003年獲取香港會計 師公會會員及於2006年獲取英國特許公認會計師公會資深會員。 董事會謹藉此機會向施女士於任期內對本公司作出的寶貴貢獻致以謝意，並歡迎 麥女士履新。 （股份代號：24 ...

Financial Performance - The company's revenue for the year ended December 31, 2025, reached RMB 1,862,467 thousand, representing a year-on-year increase of 27.2% compared to RMB 1,464,084 thousand in 2024[4] - Gross profit for the same period was RMB 479,091 thousand, up 9.3% from RMB 438,351 thousand in 2024[4] - The annual profit increased to RMB 45,805 thousand, reflecting a growth of 15.3% from RMB 39,729 thousand in the previous year[4] - The adjusted net profit, calculated using non-IFRS measures, was RMB 49,690 thousand, a 3.5% increase from RMB 48,002 thousand in 2024[4] - The company achieved operating revenue of RMB 1,862.5 million, a 27.2% increase from RMB 1,464.1 million in the same period last year[12] - Profit increased to RMB 45.8 million, reflecting a 15.3% growth compared to RMB 39.7 million in the previous year[12] - The annual profit attributable to the owners of the company was RMB 45,855 thousand, compared to RMB 39,970 thousand in the previous year, marking a growth of 15.5%[94] - Basic earnings per share rose to RMB 2.96 from RMB 2.58, an increase of 14.7%[94] Market Overview - In 2025, China's GDP reached RMB 1,401,879 billion, growing by 5.0% year-on-year, indicating a stable economic environment[6] - The total production and sales of passenger vehicles in China reached 30.27 million and 30.10 million units, respectively, with year-on-year growth of 10.2% and 9.2%[7] - The sales of new energy vehicles in China reached 16.63 million units, marking a strong year-on-year growth of 29%[7] - The total export of passenger vehicles from China was 6.038 million units, a year-on-year increase of 21.9%, with new energy vehicle exports doubling to 2.615 million units[8] - The domestic car rental market transaction value reached RMB 186 billion in the first half of 2025, reflecting a 27% year-on-year growth, with new energy vehicle orders surpassing 50%[8] - The Chinese government has implemented policies to stimulate the automotive market, including a focus on upgrading consumption and promoting green transformation[9][10] Business Operations - The number of self-operated sales outlets increased from 89 to 112, with 23 new locations added, enhancing regional market coverage[12] - The automotive retail and financing business sold 16,603 units, marking a 12.5% year-on-year growth[13] - Direct automotive retail business generated sales revenue of RMB 411.3 million, a significant increase of 417.6% compared to the previous year[15] - The automotive export revenue reached RMB 276.3 million, showing a remarkable growth of 571.5% year-on-year[16] - The group established a subsidiary for smart mobility business in October 2025, aiming to leverage strategic partnerships in autonomous delivery solutions and logistics[20] - The group plans to deepen market penetration in lower-tier cities, enhancing customer service capabilities and experience[21] - The group aims to accelerate overseas business development, focusing on local operations and service network construction in regions like Horgos and Tashkent[22] - The group is exploring innovative business areas such as smart mobility and autonomous vehicle services to strengthen its competitive advantage[22] Financial Position - As of December 31, 2025, the company's net debt increased to RMB 2,428,030 thousand from RMB 1,952,155 thousand in 2024, resulting in a debt-to-equity ratio of 73.4%, up from 70.2%[64] - The total current assets rose to RMB 1,982,813 thousand in 2025, compared to RMB 1,664,937 thousand in 2024, primarily due to increases in inventory and trade receivables[65] - The company's total borrowings increased to RMB 2,787,412 thousand in 2025 from RMB 2,281,558 thousand in 2024[64] - The company's total liabilities reached RMB 2,948,891 thousand in 2025, an increase of 18.9% from RMB 2,481,886 thousand in 2024[97] - Cash and cash equivalents amounted to RMB 371,839 thousand in 2025, compared to RMB 340,598 thousand in 2024, indicating a growth of 9.2%[95] - The total equity attributable to owners of the company increased to RMB 872,275 thousand in 2025, up from RMB 822,130 thousand in 2024, representing a growth of 6.1%[97] Operational Efficiency - The deployment of nearly 200 "digital employees" doubled the number from the previous year, significantly improving operational efficiency[18] - The weighted average financing cost for the group decreased by over 1 percentage point, enhancing the financial foundation for business expansion[19] - The company is committed to enhancing operational efficiency through technology empowerment, shifting focus from system construction to value operation and data insights[22] Risk Management - The company actively monitors historical collection overdue rates and has implemented measures to improve data analysis capabilities, maintaining relatively low overdue rates[56] - The risk management system is designed to handle risks associated with the automotive finance leasing business, with policies tailored to pre-lease and post-lease credit risk management[57] - The company utilizes a proprietary database and third-party data for credit assessments, enhancing the efficiency of credit evaluations and approvals[59] Corporate Governance - The company has maintained compliance with all applicable corporate governance codes during the reporting period[80] - The audit committee has reviewed the financial statements and confirmed compliance with applicable accounting standards and regulations[83] - The company has no significant post-reporting period events as of the announcement date[87] - The annual general meeting is scheduled for June 18, 2026, to discuss shareholder matters[88] Shareholder Matters - The company did not recommend the payment of a final dividend for the year ended December 31, 2025[76] - The company did not declare any dividends for the years ended December 31, 2025, and 2024[113]

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分內容而產生或依賴該等內 容而引致的任何損失承擔任何責任。 XXF GROUP HOLDINGS LIMITED 喜相逢集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2473） 董事會會議日期 董事會主席、首席執行官兼執行董事 黃偉先生 香港，2026年3月10日 於本公告日期，執行董事為黃偉先生、葉富偉先生及張景花女士；非執行董事為 劉偉先生；及獨立非執行董事為吳飛先生、馮志偉先生及陳碩先生。 喜相逢集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事 （「董事」）會（「董事會」）謹此宣佈，董事會會議將訂於2026年3月20日（星期五）舉 行，旨在（其中包括）考慮及批准本集團截至2025年12月31日止年度之全年業績 及其刊發以及考慮派付末期股息（如有）。 承董事會命 喜相逢集團控股有限公司 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 喜相逢集團控股有限公司 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02473 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 12,000,000,000 | HKD | 0.003333333333 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 12,000,000,000 | HKD | 0.003333333333 | HKD | | 40,000,000 | 本 ...

Group 1 - The core point of the article is that Xi Xiang Feng Group (02473) has deposited shares worth HKD 116 million into GF Securities Hong Kong, representing 5.72% of the total [1] - Xi Xiang Feng Group has signed a memorandum of understanding with Kuangshi Technology to acquire a 51% controlling stake through equity acquisition or capital increase [1] - Kuangshi Technology is a comprehensive solution provider for millimeter-wave radar with full-chain independent research and development capabilities, covering chips, algorithms, modules, complete machines, and system platforms [1] Group 2 - Xi Xiang Feng Group, established in 2007, is a well-known comprehensive automotive service provider in China [1] - In 2023, Xi Xiang Feng Group successfully listed on the Hong Kong main board, becoming the first stock in China's automotive financing leasing sector [1]

Group 1 - The core point of the article is that Xixiangfeng Group plans to acquire a 51% stake in Kuangshi Technology through equity acquisition or capital increase [1] - On February 26, shareholders of Xixiangfeng Group deposited stocks worth HKD 116 million into GF Securities Hong Kong, representing 5.72% of the total [1] - Kuangshi Technology is a comprehensive solution provider for millimeter-wave radar with full-chain independent research and development capabilities, including chips, algorithms, modules, complete machines, and system platforms [1] Group 2 - Xixiangfeng Group, established in 2007, is a well-known comprehensive automotive service provider in China [1] - In 2023, Xixiangfeng Group successfully listed on the Hong Kong main board, becoming the first stock in China's automotive financing leasing sector [1]

Core Insights - The report highlights changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies. Group 1: Recent Increases in Holdings - VITASOY INT'L (00345) saw an increase of 0.09%, bringing its latest holding percentage to 3.75% [1] - 恒生科技ETF (03032) increased by 0.04%, with a current holding of 18.49% [1] - 永升服务 (01995) experienced a rise of 0.01%, now holding 4.57% [1] - 南方东西精选 (03441) had the largest increase over five days at 18.46%, reaching 41.03% [4] - 喜相逢集团 (02473) increased by 10.04%, with a holding of 45.14% [4] - 兆易创新 (03986) rose by 4.95%, now at 6.65% [4] Group 2: Recent Decreases in Holdings - 南方恒生科技 (03033) experienced the largest decrease of -0.14%, with a current holding of 68.87% [2] - 医渡科技 (02158) decreased by -0.03%, now at 22.59% [2] - 盈富基金 (02800) saw a reduction of -0.02%, with a holding of 3.49% [2] - 山东墨龙 (00568) had a five-day decrease of -1.30%, now at 53.56% [5] - 亿华通 (02402) decreased by -1.00%, with a holding of 27.49% [5] - 国富氢能 (02582) saw a reduction of -0.90%, now at 20.14% [5] Group 3: Long-term Trends in Holdings - Over a 20-day period, 喜相逢集团 (02473) had the highest increase of 42.45%, reaching 45.14% [6] - 南方东西精选 (03441) increased by 27.31%, now at 41.03% [6] - 钧达股份 (02865) rose by 15.74%, with a holding of 64.80% [6] - 天齐锂业 (09696) experienced a significant decrease of -6.48%, now at 31.50% [6] - 金风科技 (02208) decreased by -5.88%, with a holding of 42.49% [6]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2][3] Group 1: Increased Holdings - Xixiang Group (02473) saw the largest increase in holdings, up by 4.32%, bringing its total to 45.14% [2] - Zhaoyi Innovation (03986) and Yingfu Fund (02800) also experienced increases of 2.65% and 2.54%, respectively, with holdings of 6.65% and 3.52% [2] - Over the last five trading days, Xixiang Group (02473) had a remarkable increase of 16.84%, while Junda Co. (02865) and Zhaoyi Innovation (03986) increased by 11.07% and 5.84% [1][3] Group 2: Decreased Holdings - Zhaoyan Pharmaceutical (06127) experienced the largest decrease in holdings, down by 0.73%, now at 62.32% [2] - Fortior Technology (Shenzhen) Co., Ltd. (01304) and CICC (03908) saw decreases of 0.57% and 0.38%, with holdings of 22.26% and 32.29% respectively [2] - In the last five trading days, Guoen Technology (02768) had the largest decrease of 4.14%, followed by Sinopec Engineering (02386) with a decrease of 3.60% [3][4] Group 3: Long-term Trends - Over the past 20 days, Xixiang Group (02473) had a substantial increase of 42.15% in holdings, while Junda Co. (02865) increased by 14.80% [4] - Conversely, Kanglong Chemical (03759) and Tianqi Lithium (09696) saw significant decreases of 6.70% and 6.56% in their holdings [4]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2][3]. Group 1: Increased Holdings - Xixiang Group (02473) saw the largest increase in holdings, up by 5.72% to a total of 40.82% [2]. - Zhaoyi Innovation (03986) and China Merchants Hengsheng Technology (03423) also experienced increases of 2.30% and 1.04%, respectively, bringing their holdings to 4.00% and 5.41% [2]. - Over the last five trading days, Xixiang Group (02473) led with a 14.03% increase, followed by Junda Co., Ltd. (02865) at 10.33% and Lion Holdings (02562) at 3.60% [5]. Group 2: Decreased Holdings - Guofu Hydrogen Energy (02582) experienced the largest decrease in holdings, down by 1.28% to 19.76% [3]. - Vanke Enterprises (02202) and Shandong Molong (00568) also saw reductions of 1.14% and 1.05%, respectively, with holdings at 56.58% and 53.81% [3]. - In the last five trading days, Tianqi Lithium (09696) had the most significant drop, decreasing by 8.28% to 30.87% [5]. Group 3: Summary of Top Changes - The top three companies with the highest increase in holdings over the last 20 days were Xixiang Group (02473) with a 37.80% increase, Junda Co., Ltd. (02865) with a 12.54% increase, and Sanhua Intelligent Control (02050) with an 8.62% increase [6]. - Conversely, Tianqi Lithium (09696) led the decrease in holdings over the same period with a drop of 6.91% [6].