Core Insights - The increasing interest in natural hydrogen, seen as a potential game-changer in the global energy landscape, is attracting major companies from the mining and energy sectors [1][2] - Natural hydrogen, discovered 40 years ago in Mali, is a carbon-free resource that produces only water when burned, leading to a surge in exploration activities by various companies [1][3] - Despite the optimism, there are concerns regarding the environmental impact and transportation challenges associated with natural hydrogen, with the International Energy Agency warning about the difficulties in achieving economically viable large-scale extraction [1][2] Industry Developments - Rystad Energy indicates that Canada and the United States are leading in exploration projects for natural hydrogen, with the next year being critical for the industry [1][2] - Major players like Fortescue and BP are investing in natural hydrogen exploration, with Fortescue's investment of $21.9 million in HyTerra to expand exploration efforts [3][4] - The potential for natural hydrogen to support decarbonization efforts is acknowledged, but the industry is still in its early stages, with significant challenges ahead in terms of efficient extraction and safe transportation [3][4] Investment Trends - The past year has seen a rise in investor interest, with venture capital backing companies like Snowfox Discovery and Mantle8, indicating a shift towards alternative hydrogen solutions amid challenges faced by green hydrogen [2][3] - The focus on natural hydrogen is seen as a promising opportunity for local clean energy, with potential applications across various industries if extraction and cost challenges can be addressed [3][4] - The hydrogen energy alliance emphasizes that while exploration is in its infancy, achieving industrial-scale production could take decades, similar to the shale gas development timeline in the U.S. [4]

此乃要件 請即處理 閣下如對本通函或應採取的任何行動有任何疑問，應諮詢 閣下的股票經紀或註冊證券交易商、銀行經理、律師、專 業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有上海重塑能源集團股份有限公司股份，應立即將本通函連同隨附的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、持牌證券交易商或其他代理，以便轉交買方或承讓人。 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，並明確表示概不就因本通函全部或任何部分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。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） (1)2024年度董事會工作報告； (2)2024年度監事會工作報告； (3)2024年度經審計的綜合財務報表； (5)2024年度財務決算報告； (4)2024年年報； (6)2025年度財務預算方案； (7)2024年度利潤分配方案； (8)2024年關聯交易； (9)建議2025年度關聯交易； (10)續聘核數師 ...

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，並明確表示概不就因本通告全部或任何部分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。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 年度股東會通告 茲通告上海重塑能源集團股份有限公司（「本公司」）謹訂於2025年5月19日（星期 一）上午十時正假座中國上海市嘉定區金園一路655號一棟2層舉行年度股東會（「年度 股東會」），藉以審議及酌情通過下列決議案： 普通決議案 – 1 – 1. 審議及批准本公司2024年度董事會（「董事會」）工作報告； 2. 審議及批准本公司2024年度監事會（「監事會」）工作報告； 3. 審議及批准本公司及其附屬公司2024年度經審計的綜合財務報表； 4. 審議及批准本公司2024年年報； 5. 審議及批准本公司2024年度財務決算報告； 6. 審議及批准本公司2025年度財務預算方案： 7. 審議及批准本公司2024年度利潤分配方案； 8. 審議及批准本 ...

環境、社會及管治報告 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 上海重塑能源集團股份有限公司 上海重塑能源集團股份有限公司 地址：上海市嘉定區金園一路 655 號 郵箱：refire.ir@refire.com 電話：+86-21-60257126 網址：https://www.refire.com 環境、社會及管治報告 上海重塑能源集團股份有限公司 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 上海重塑能源集團股份有限公司 2024 | 環境、社會及管治報告 關於本報告 本報告是上海重塑能源集團股份有限公司發佈的首份環境、社會及管治報告（以下簡稱「ESG 報告」、「本報告」）， 旨在向持份者披露公司關於經營過程中環境、社會和管治方面的實踐情況與取得的成果。 本報告包括中文及英文兩個版本，中英版本若有歧義，概以中文版本為準。 報告組織範圍 本報告內容覆蓋上海重塑能源集團股份有限公司及下屬子公司（以下簡稱「重塑能源」、「公司」、「我們」）。 披露的關鍵績效指標覆蓋上海、浙江、江蘇、湖南等主要辦公場所。 報告時間範圍 報告涵蓋 ...

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching RMB 1.2 billion in the latest fiscal year[13]. - Total revenue for the year ended December 31, 2024, was approximately RMB 648.8 million, representing a year-on-year decrease of approximately 27.5%[27]. - Loss attributable to the owners of the Company was approximately RMB 737.3 million, compared to a loss of approximately RMB 529.5 million for the previous period[27]. - Adjusted net loss (non-IFRS measure) was approximately RMB 417.0 million, a year-on-year decrease of approximately 11.5%[27]. - The Group reported a loss for the year of RMB 777,759,000 in 2024, compared to a loss of RMB 577,531,000 in 2023, indicating a deterioration in financial performance[99]. Revenue Breakdown - Revenue from overseas regions increased by approximately 151.7% year-on-year, while sales revenue of hydrogen fuel cell systems for non-vehicle scenarios increased by approximately 132.6% year-on-year[27]. - Revenue from hydrogen fuel cell systems was RMB 330.5 million, down from RMB 637.2 million, indicating a significant decline in this segment[71]. - Revenue from sales of hydrogen fuel cell systems in non-vehicle scenarios rose by approximately 132.6%, amounting to RMB 54.1 million[73]. Market Expansion and Strategy - Market expansion efforts have led to a 25% increase in market share in the Asia-Pacific region[13]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence, with a budget of RMB 500 million allocated for this purpose[13]. - The company aims to expand its market presence through new product development and strategic initiatives[20]. - The company is committed to advancing the commercialization of hydrogen energy technologies, focusing on key markets and priority products[38]. Research and Development - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[13]. - Continuous R&D efforts will be made on fuel cell systems and hydrogen equipment to improve product durability, reliability, and cost-effectiveness[63]. - The company is committed to research and development in the fuel cell technology sector[20]. Sustainability and Innovation - The management emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2030[13]. - The hydrogen energy industry is transitioning from being policy-driven to market-driven, with the Company committed to continuous innovation and technological advancement[31]. - The company has achieved large-scale commercial applications of hydrogen-powered heavy-duty trucks in non-subsidy markets, solidifying its advantages in this sector[33]. Corporate Governance and Management - The company has adopted employee incentive schemes as of January 21, 2024[17]. - The group employs a total of 414 full-time employees as of December 31, 2024, focusing on recruitment through various channels including online platforms[123]. - The leadership team has a strong academic background, with multiple members holding advanced degrees in engineering and business, which supports the company's strategic initiatives[145]. Strategic Partnerships - A strategic partnership was formed with a leading tech firm to co-develop innovative solutions, expected to launch in Q3 2025[13]. - The company signed a framework cooperation agreement with Contemporary Amperex Technology Co., Limited to explore multi-domain hydrogen-electricity applications[53]. Financial Management - The cost of sales decreased by approximately 25.0% from RMB 715.7 million in 2023 to RMB 537.0 million in 2024, aligning with the change in revenue during the reporting period[74][76]. - Cash and cash equivalents rose by approximately 32.8% to RMB 883.4 million in 2024 from RMB 664.5 million in the previous period[106][108]. - The current ratio decreased to approximately 1.7 as of December 31, 2024, down from approximately 2.1 as of December 31, 2023, indicating a decline in short-term liquidity[106][108]. Employee Engagement and Development - The company has established several ESOP platforms to enhance employee engagement and retention[17]. - The group is committed to enhancing its employee benefits, including salary, stock-based payments, and retirement contributions[123]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next fiscal year, projecting revenues to reach RMB 1.32 billion[13]. - The company plans to list its H Shares on the Stock Exchange on December 6, 2024[19].

上海重塑能源集團股份有限公司 董事會提名委員會工作細則 第一章 總則 第一條 為進一步建立健全上海重塑能源集團股份有限公司（以下簡稱「公 司」，連同其子公司統稱「集團」）董事、高級管理人員的選擇標準和程序，完善公 司治理結構，根據《中華人民共和國公司法》（以下簡稱「《公司法》」）、《境內企業 境外發行證券和上市管理試行辦法》、《香港聯合交易所有限公司證券上市規則》 （以下簡稱「《香港上市規則》」）及其他有關法律、行政法規、部門規章、規範性文 件和《上海重塑能源集團股份有限公司章程》、（以下簡稱「《公司章程》」）、《上海 重塑能源集團股份有限公司董事會議事規則》的規定，公司特設立董事會提名委 員會，並制定本工作細則。 第二條 提名委員會是董事會按照《公司章程》設立的董事會專門工作機構， 主要負責對公司董事、高級管理人員的選任程序、標準和任職資格進行審議並向 董事會提出建議，對董事會負責，向董事會報告工作。 第二章 人員組成 第三條 提名委員會由至少3名董事組成，其中獨立非執行董事佔多數。 第四條 提名委員會委員由董事長、1/2以上獨立非執行董事或者全體董事的 1/3以上提名，並由董事會選舉產生。 第六條 提名委 ...

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，並明確表示概不就因本公告全部或任何部分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。 本公告乃上海重塑能源集團股份有限公司（「本公司」）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13.51(1)及第13.51(2)條而刊發。 本公司董事（「董事」）會（「董事會」）宣佈，本公司擬向本公司股東（「股東」）提 案，以解散本公司監事會（「監事會」）及修訂本公司現行公司章程（「章程」）。 建議解散監事會 根據於2024年7 月1 日起施行的《中華人民共和國公司法》修正案（「新《公司 法》」），股份有限公司可以按照公司章程的規定設置由董事組成的審計委員會，行 使新《公司法》規定的監事會的職權，不設監事會。 於2025年4月17日，鑒於新《公司法》的規定，董事會決議並提議解散監事會（「建 議解散」），該事項完成後監事會的職權將由董事會審計委員會行使。 根據章程及中國相關法律法規的規定，建議解散須經股東於股東會上以特別決議 案方式批准。將適時於本公司即將召開的2024年年度股 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately RMB 648.8 million, a decrease of about 27.5% year-on-year[4] - Gross profit for the same period was approximately RMB 111.8 million, representing a year-on-year decrease of about 37.8%[4] - The net loss attributable to shareholders for the year was approximately RMB 737.3 million, compared to a loss of RMB 529.5 million in the previous year[4] - Adjusted net loss (non-IFRS measure) for the year was approximately RMB 417.0 million, a decrease of about 11.5% compared to RMB 471.4 million in the previous year[4] - Cash outflow from operating activities for the year was approximately RMB 393.2 million, a reduction of about 45.3% from RMB 718.4 million in the previous year[4] - Basic and diluted loss per share attributable to ordinary shareholders was RMB (9.03) compared to RMB (6.51) in the previous year[5] - The company reported a pre-tax loss of RMB 779,606,000 in 2024, compared to a loss of RMB 579,768,000 in 2023[34] - The company reported a loss attributable to ordinary equity holders of RMB 737,301,000 for 2024, compared to a loss of RMB 529,472,000 in 2023, resulting in a basic and diluted loss per share of RMB (9.03) for 2024, compared to RMB (6.51) for 2023[36] Revenue Sources - Revenue from overseas markets increased by approximately 151.7% year-on-year, while sales revenue from hydrogen fuel cell systems for non-automotive applications rose by approximately 132.6%[4] - Revenue from major customers accounted for 50.2% of total sales, with the largest customer contributing 22.4%[23] - Hydrogen fuel cell system revenue decreased to RMB 330,521,000 in 2024 from RMB 637,176,000 in 2023, a decline of 48%[24] - Revenue from overseas markets increased significantly to RMB 58,426,000 in 2024 from RMB 23,209,000 in 2023, representing a growth of 151%[24] Assets and Liabilities - As of December 31, 2024, total current assets amounted to RMB 3,560.6 million, compared to RMB 2,784.8 million in the previous year[7] - Total liabilities increased to RMB 2,133.6 million from RMB 1,317.3 million year-on-year[7] - Trade receivables decreased from RMB 2,018,113,000 in 2023 to RMB 2,399,694,000 in 2024, with a total impairment loss of RMB 530,150,000 at year-end 2024, up from RMB 461,093,000 in 2023[38][39] - Trade payables increased from RMB 650,741,000 in 2023 to RMB 873,823,000 in 2024, with a significant rise in payables due within one year[40] - The company’s non-current trade receivables amounted to RMB 275,040,000 in 2024, down from RMB 417,537,000 in 2023[38] Research and Development - Research and development costs decreased to RMB 33,429,000 in 2024 from RMB 65,028,000 in 2023, a reduction of 48.7%[26] - The company plans to continue promoting hydrogen fuel cell systems and equipment R&D to meet market demand and support business growth[57] - The company is focused on continuous product and technology development to meet market demands for cost and performance, with plans to expand hydrogen applications in various scenarios by 2025[54] Strategic Initiatives - The company successfully launched the Ningxia Taiyangshan green hydrogen integrated project in 2024, marking a significant step in the development of a hydrogen-electric ecosystem[50] - The company has established a strategic partnership with CATL to explore hydrogen-electric collaborative applications, enhancing its position in the hydrogen energy ecosystem[52] - The company maintained its leading position in the heavy-duty truck fuel cell market, achieving substantial growth in overseas business and completing product development for off-grid supercharging projects[47] - The company is committed to developing new applications for hydrogen energy, including off-grid supercharging and power generation[55] Market and Industry Trends - In 2024, the hydrogen energy industry in China is transitioning from policy-driven to market-driven development, with significant opportunities and challenges arising from this shift[47] - The company is focusing on expanding its overseas market presence and enhancing brand recognition in Europe, the Middle East, and Southeast Asia[58] Corporate Governance and Compliance - The company has adopted a corporate governance code and has complied with all applicable provisions during the reporting period[88] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2024, and found them compliant with relevant accounting standards[94] Initial Public Offering - The company went public on the Hong Kong Stock Exchange on December 6, 2024, improving its financing efficiency and enhancing its brand value[53] - The net proceeds from the IPO on December 6, 2024, amounted to approximately HKD 619.9 million after deducting underwriting fees and related expenses[83] - The company has submitted a filing to the China Securities Regulatory Commission for the implementation of full circulation of H-shares, converting a total of 16,369,877 domestic shares into H-shares for listing on the Stock Exchange[99]

董事會會議日期 上海重塑能源集團股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事 （「董事」）會（「董事會」）茲宣佈謹定於2025年3月28日（星期五）召開董事會會議， 以（其中包括）審議及通過本集團截至2024年12月31日止年度之全年業績及其發 佈，以及審議派發末期股息之建議（如有）。 承董事會命 上海重塑能源集團股份有限公司 董事長 林琦先生 香港，2025年3月17日 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。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 於本公告日期，董事會成員包括執行董事林琦先生、胡哲博士、馬晶楠女士、 翟雙博士及趙泳生先生；非執行董事劉會友先生；及獨立非執行董事李偉先生、 錢美芬博士及陳飛先生。 ...

上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 盈利警告 本公告由上海重塑能源集團股份有限公司（「本公司」，連同其附屬公司統稱「本集 團」）根據香港聯合交易所有限公司證券上市規則（「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部項下之內幕消息條文（定義見上市規 則）而作出。 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，並明確表示概不就因本公告全部或任何部分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。 Shanghai REFIRE Group Limited 1 － 根據本公司獎勵計劃提供股份獎勵以吸引及挽留人才，並給予獎勵，導致以 股份為基礎的付款開支增加；及 － 多種因素導致客戶需求及訂單的波動，包括但不限於氫能行業的持續發展 （已由政策驅動型行業轉變向市場驅動型行業）、正處於發展階段的氫能行業 的商業化及基礎設施建設、本集團產品的應用場景及本集團客戶的業務計劃 的拓展。 由於本公司仍在落實本集團2024財政年度的財務業績，本公告所載資料 ...