EF001 免責聲明 第 2 頁 共 2 頁 v 1.1.1 EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 備註： 港燈電力投資與港燈電力投資有限公司的股份合訂單位為下列證券或證券權益的組合在組成港燈電力投資的信託契約的條文規限下 僅可共同買賣、不可單獨或僅一方而無其他方買賣：(a)於港燈電力投資中的一個單位；(b)與單位掛鈎並且由港燈電力投資管理人 有限公司作為港燈電力投資的受託人—經理以法定擁有人身份持有一股港燈電力投資有限公司特定識別的普通股（「普通股」）中 的實益權益；及(c)一股與單位合訂的港燈電力投資有限公司特定識別的優先股（「優先股」）。組成一個股份合訂單位部分的每一 股普通股及優先股為已繳足股份。 股份合訂單位及其組成的單位、普通股和優先股均於香港聯合交易所有限公司（「香港聯交所」）主板上市。然而，只要股份合訂 單位於香港聯交所上市，於香港聯交所的買賣僅以股份合訂單位形式進行。 發行人董事 於本公告日期，港燈電力投資管理人有限公司與港燈電力投資有限公司的董事為： 執行董事： 霍建寧先生（主席） 鄭祖瀛先生（行政總裁） 陳來順先生 蔡 ...

Core Viewpoint - The company reported a slight decrease in revenue for the first half of 2025, while net profit showed a positive growth, indicating resilience despite challenges in electricity sales volume [1] Financial Performance - Revenue for the first half of 2025 was HKD 5.567 billion, a decrease of 0.09% year-on-year [1] - Net profit attributable to shareholders was HKD 1.001 billion, an increase of 5.7% year-on-year [1] - Earnings per share were HKD 0.1133, with an interim dividend of HKD 0.1594 per share [1] Operational Highlights - Electricity sales volume decreased by 3.2% compared to the same period in 2024, attributed to milder weather, successful energy-saving initiatives, a downturn in the food and retail sectors, and one less day in the calendar compared to the previous leap year [1] - The company is progressing towards its zero-carbon operation goal, actively implementing a development plan worth HKD 22 billion for 2024-2028 to ensure timely completion of all projects [1] - The previous five-year development plan helped reduce carbon emissions from power generation by approximately 40% compared to 2005 levels, with the new plan aiming to further increase the proportion of gas-fired power generation [1] - Key projects are progressing smoothly, including the construction of a new gas combined cycle generator unit L13 and several single-cycle fuel oil generator units for emergency power supply [1]

Core Viewpoint - The company reported a slight decrease in revenue but an increase in profit, indicating resilience despite challenges in electricity sales volume and market conditions [1] Financial Performance - Revenue for the first half of 2025 was HKD 5.567 billion, a decrease of 0.09% year-on-year [1] - Profit attributable to shareholders was HKD 1.001 billion, an increase of 5.7% year-on-year [1] - Earnings per share were HKD 0.1133, with an interim dividend of HKD 0.1594 per share [1] Operational Highlights - Electricity sales volume decreased by 3.2% compared to the same period in 2024, attributed to milder weather, successful energy-saving initiatives, a downturn in the food and retail sectors, and one less day in the calendar compared to the previous leap year [1] - The company is progressing towards its zero-carbon operation goal, actively implementing a development plan valued at HKD 22 billion for 2024-2028 to ensure timely completion of all projects [1] - The previous five-year development plan is expected to reduce carbon emissions from power generation by approximately 40% compared to 2005 levels by 2024 [1] - The new development plan aims to further increase the proportion of gas-fired power generation, ensuring long-term energy supply stability and supporting Hong Kong's decarbonization goals [1] - Key projects are progressing smoothly, including the construction of a new gas combined cycle generator unit L13 and several single-cycle fuel oil generator units for emergency power supply [1]

Core Viewpoint - The company reported a slight decrease in pre-tax profit for the first half of 2025 compared to the same period in 2024, while also maintaining its interim dividend distribution. Financial Performance - For the first half of 2025, the pre-tax profit was HKD 39.79 billion, compared to HKD 39.89 billion in 2024 [1] - The unaudited profit attributable to shareholders was HKD 10.01 billion, an increase from HKD 9.47 billion in 2024 [1] - The distributable income for the period was HKD 14.08 billion, unchanged from 2024 [1] Dividend Distribution - The interim dividend was declared at HKD 0.1594 per share, consistent with the previous year [1] - The dividend will be distributed on September 8, 2025, to shareholders registered by August 27, 2025 [1] Sales Volume and Pricing - The electricity sales volume decreased by 3.2% compared to the same period in 2024, attributed to milder weather, successful energy-saving initiatives, and a downturn in the food and retail sectors, along with one less day in the calendar compared to the leap year [1] - The basic electricity tariff was increased by HKD 0.034 to HKD 1.229 per kWh due to rising capital investment and operating costs [1] - In August 2025, the fuel adjustment fee decreased by over 16% compared to January, leading to a net electricity tariff reduction of 4.4% to HKD 1.596 per kWh [1]

2025 年中期業績 董事局主席報告 2025 年上半年，港燈電力投資及其全資附屬公司港燈在各項業務均有良好進展。集團致 力為客戶提供可靠和可負擔的低碳電力，有序地推進其發展計劃以支持香港的零碳轉 型。 期內，港燈的供電可靠度達至 99.9999% 以上的世界級水平，即每名客戶每年遇上非計劃 停電的時間平均少於半分鐘。 隨着全球燃料價格回落，令集團得以按照發展計劃進行重要資本投資的同時，可以下調 淨電費。 集團繼續向零碳營運的目標邁進，積極落實總值港幣 220 億元的 2024 – 2028 年度發展計 劃，確保所有工程如期進行。上一個五年發展計劃有助港燈在 2024 年將發電所產生的碳 排放量，相較 2005 年的基準水平減少約 40%。新的發展計劃將進一步增加港燈的燃氣發 電比例，確保能源供應長期穩定，支持香港的減碳目標。期內，各項主要工程進展順 利，包括興建一台新燃氣聯合循環發電機組 L13，以及數台可以在緊急情況下提供電力的 單循環燃油機組。 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 ...

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: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 港燈電力投資與港燈電力投資有限公司 呈交日期: 2025年8月1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) | 02638 | 說明 | | 普通股（為股份合訂單位（備註）的組成部分） | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | 0.0005 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 20,000,000,000 | HKD | 0.0005 | HKD | | 10 ...

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。 執行董事 ： 霍 建 寧 先 生 （ 主 席 ） 、 鄭 祖 瀛 先 生 （ 行 政 總 裁 ） 、 陳來順先生、蔡偉民先生及王遠航先生 董事會召開日期 （2025年中期業績） 港 燈 電 力 投 資 管 理 人 有 限 公 司 （ 「 受 託 人 － 經 理 」 ， 作 為 港 燈 電 力 投 資 （「信託」）的受託人－經理）及港燈電力投資有限公司（「本公司」）之董事局 （ 「 董 事 局 」 ） 謹 此 宣 佈 ， 受 託 人 － 經 理 及 本 公 司 將 於 202 5 年 8 月 1 2 日 （星期二）舉行董事局會議，以（除其他事項外）審閱信託、本公司及其附屬 公司，及受託人－經理截至2025年6月30日止六個月之中期業績，以及考慮 作出中期分派。 承董事局命 港燈電力投資管理人有限公司 及 港燈電力投資有限公司 公司秘書 吳偉昌 香港，2025 年 7 月 30 日 於本公告日期，董事為： ...

Financial Performance - Revenue for 2024 reached HKD 12.057 billion, an increase from HKD 11.406 billion in 2023, representing a growth of approximately 5.7%[20] - The net profit attributable to unit holders was HKD 3.111 billion, slightly down from HKD 3.156 billion in 2023, indicating a decrease of about 1.4%[27] - The total distribution per unit for the year was HKD 0.3203, unchanged from 2023[196] - Capital expenditures for the year amounted to HKD 3.659 billion, a decrease from HKD 4.447 billion in 2023, reflecting a reduction of approximately 17.7%[198] - As of December 31, 2024, total external borrowings were HKD 50.855 billion, compared to HKD 50.206 billion in 2023[198] - The net debt as of December 31, 2024, was HKD 50.825 billion, with a net debt to total capital ratio of 51%, consistent with 2023[200] - The trust group maintained a stable A- credit rating from Standard & Poor's, reflecting strong financial conditions throughout the year[200] Customer Satisfaction and Service Quality - The average customer satisfaction index improved to 4.77 out of 5, up from 4.72 in 2023[21] - The company achieved an average customer satisfaction score of 4.77 out of 5, maintaining service standards for 25 consecutive years, with a 23% increase in customers using electronic payment methods[87] Energy Generation and Emissions - The new 380 MW gas combined cycle unit L12 commenced operation in March 2024, increasing the gas generation proportion to approximately 70% of total generation[26] - Gas-fired power generation will account for approximately 70% of total generation in 2024, with over 30% of the gas sourced from the newly operational offshore LNG receiving station since July 2023[30] - Carbon emissions were reduced by approximately 40% compared to the 2005 baseline, following the commissioning of a new 380 MW gas combined cycle unit in March 2024[78] - The company plans to phase out coal-fired power generation by 2035, with the retirement of two old coal units in 2024 and the construction of a new gas unit expected to be operational by 2029[79] Renewable Energy Initiatives - The total renewable energy generation capacity under the "Feed-in Tariff Scheme" has increased to over 13 GW, with 135 new installations during the year[31] - The company's renewable energy production exceeded 13 million kWh during the year, supported by solar and wind energy systems[86] - The renewable energy systems newly installed by 135 customers produced over 11 million kWh of electricity, benefiting from the "Feed-in Tariff" program[127] Smart Technology and Infrastructure - Approximately 80% of customers have been equipped with smart meters by the end of 2024, with the project expected to be completed by 2025[28] - The company is implementing LoRaWAN technology for automation and IoT applications across the power grid, enhancing operational efficiency and data transmission reliability[121] - The company has developed a patented smart tool for monitoring the operational status of distribution switchgear, set to launch in 2025, which alerts engineers when parameters exceed preset limits[117] Community Engagement and Support - The company has launched multiple community programs to assist Hong Kong society in addressing economic difficulties and reducing carbon footprints[78] - The volunteer team contributed over 3,930 hours of service in 2024, supporting 35 activities for underprivileged communities[152] - The "Show Me Your Love" challenge in 2024 benefited over 1,200 individuals through 20 selected projects[157] - The company distributed cash vouchers worth HKD 200 each to 10,000 participants in the electricity bill discount program for economically disadvantaged customers[158] Employee Development and Welfare - 港灯在2024年底员工总数超过1,800名，女性员工占比21%，管理层女性占比5.7%[175] - 2024年员工自愿流失率为7%，低于香港平均水平10.9%[175] - 2024年员工培训总时数为69,315小时，涵盖技术、安全、管理等多个领域[177] - 2024年针对员工的关爱调查收到1,481份回应，参与率为81.6%[178] - 港灯在2024年将产假由14周增加至16周，侍产假由5天增加至10天[176] Environmental Initiatives - The company plans to allocate approximately HKD 75 million for the "Smart Electricity Saving Service" in 2025 to promote carbon neutrality and energy savings[34] - The company has received recognition for its food waste recycling efforts, with one canteen achieving a diamond-level award for its contributions[138] - The company has implemented a recycling program in its office buildings to minimize waste sent to landfills, including setting up recycling bins on every floor[136] Infrastructure Development - The company installed 31 new distribution substations and transformer distribution boxes, laying approximately 127 kilometers of cables to enhance capacity for peak loads[94] - The company is actively expanding its power grid to meet the energy demands of large development projects in the Southern and Eastern districts of Hong Kong[80] Awards and Recognition - The company received a gold award in the public and community service category at the 2023 Hong Kong Environmental Excellence Awards[69] - The company received the "2023 Hong Kong Environmental Excellence Award" for its outstanding performance in resource conservation and carbon reduction[151]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported an EBITDA of HKD 8.719 billion, up from HKD 8.033 billion in 2023, representing an increase of approximately 8.5%[4] - The profit attributable to shareholders was HKD 3.111 billion, slightly down from HKD 3.156 billion in 2023, indicating a decrease of about 1.4%[4] - Revenue for the year ended December 31, 2024, was HKD 12,057 million, an increase of 5.7% from HKD 11,406 million in 2023[24] - Operating profit rose to HKD 5,488 million, up 10.3% from HKD 4,976 million in the previous year[24] - Profit before tax increased to HKD 4,080 million, representing a 12.8% growth compared to HKD 3,616 million in 2023[24] - Net profit after tax was HKD 3,339 million, a 12.4% increase from HKD 2,970 million in 2023[24] - The comprehensive profit attributable to unit holders for 2024 is HKD 3.11 billion, a decrease of 1.42% from HKD 3.16 billion in 2023[15] Electricity Sales and Operations - The total electricity sales for 2024 increased to 10.15 billion kWh, compared to 10.04 billion kWh in 2023, reflecting a growth of approximately 1.1%[7] - The company achieved a world-class power supply reliability rate of over 99.9999%, with customers experiencing an average of less than 30 seconds of unplanned power outages throughout the year[3] - The new 380 MW gas combined cycle unit L12 commenced operation in March 2024, increasing the gas generation proportion to about 70% of total electricity generation[3] Carbon Emission and Sustainability Initiatives - The company aims to reduce annual carbon emissions by approximately 40% compared to the 2005 baseline by phasing out coal-fired generation units L4 and L5[3] - The company is actively exploring additional emission reduction methods, including the introduction of zero-carbon electricity and the use of green hydrogen[10] - The company plans to invest approximately HKD 750 million in 2025 for its "Smart Electricity Saving Service" to promote carbon neutrality and energy conservation[10] Financial Position and Capital Expenditure - Capital expenditure for the year is HKD 36.59 billion, down from HKD 44.47 billion in 2023, funded by cash from operations and external loans[17] - The total external loans amount to HKD 50.86 billion as of December 31, 2024, compared to HKD 50.21 billion in 2023[17] - The net debt as of December 31, 2024, is HKD 50.83 billion, with a net debt to total capital ratio of 51%, unchanged from 2023[18] - The total capital expenditure for the year is HKD 3,651 million, compared to HKD 4,339 million in 2023[55] Employee Compensation and Workforce - The total employee compensation, excluding director remuneration, reached HKD 1.235 billion for the year ending December 31, 2024, compared to HKD 1.206 billion in 2023[22] - The group’s employee compensation increased to HKD 758 million in 2024 from HKD 734 million in 2023, a rise of 3.3%[41] - The number of long-term employees as of December 31, 2024, is 1,649, a slight decrease from 1,657 in 2023[22] Dividends and Distributions - The total distribution amount for the year ending December 31, 2024, is HKD 2.83 billion, consistent with the previous year[16] - The company maintains a stable interim distribution of HKD 1.408 billion and a final distribution of HKD 1.422 billion for both 2024 and 2023[16] - The total interim dividend declared for 2024 is HKD 2,830 million, with an interim dividend of HKD 0.1594 per share and a proposed final dividend of HKD 0.1609 per share[50] Assets and Liabilities - Total assets less current liabilities amounted to HKD 114,501 million, an increase from HKD 113,422 million in 2023[29] - Non-current liabilities totaled HKD 64,343 million, up from HKD 63,774 million in the previous year[29] - The company reported a net asset value of HKD 49,290 million, compared to HKD 48,978 million in 2023[29] Compliance and Governance - The company has complied with the corporate governance code applicable to the trust and has maintained high standards of corporate governance throughout the year[90] - The board of directors has confirmed compliance with the standard code for securities trading for the fiscal year ending December 31, 2024[92] - The audit committee has reviewed procedures for handling reports of financial reporting and internal control issues[91] Miscellaneous - The company has not engaged in any buybacks, sales, or redemptions of issued units during the fiscal year ending December 31, 2024[88] - The annual general meeting is scheduled for May 21, 2025[93] - The company’s financial statements for the year ending December 31, 2024, will be submitted to the Companies Registry in due course[80]

Financial Performance - Revenue for the first half of 2024 was HKD 5.572 billion, an increase from HKD 5.229 billion in the same period of 2023, representing a growth of approximately 6.56%[1] - For the six months ended June 30, 2024, the profit before interest, tax, depreciation, and amortization was HKD 3.989 billion, an increase from HKD 3.739 billion in 2023, while the profit attributable to unit holders was HKD 947 million, down from HKD 982 million in 2023[7] - The unaudited consolidated profit for the same period was HKD 947 million, a decrease from HKD 982 million in 2023, reflecting a decline of about 3.6%[18] - Operating profit for the same period was HKD 2,490 million, up from HKD 2,299 million in 2023, indicating an increase of about 8.3%[29] - The Trust Group's total comprehensive income attributable to shareholders for the six months ended June 30, 2024, was HKD 974 million, compared to HKD 935 million in 2023, reflecting a growth of approximately 4.2%[31] - The company reported a net profit of HKD 1,422 million for the six months ended June 30, 2024, compared to HKD 1,408 million for the same period in 2023, representing a growth of 1%[34] - The total comprehensive income for the period was HKD 974 million, compared to HKD 935 million in the same period last year, showing an increase of 4%[34] Distribution and Dividends - Total distribution amount remained stable at HKD 1.408 billion, with an interim distribution per share of HKD 0.1594[1] - The interim distributable income was HKD 1.048 billion, unchanged from 2023, with an interim distribution of HKD 0.1594 per unit, to be paid on September 6, 2024[8] - The interim distribution declared for the six months ended June 30, 2024, is HKD 0.1594 per share, unchanged from the previous year[19] - The interim distribution for the 2024 fiscal year is set at HKD 0.1594 per unit, payable on September 6, 2024[104] - The interim dividend per share for the six months ended June 30, 2024, remained at 15.94 cents, consistent with the previous year[65] Capital Expenditure and Investments - The company plans to invest HKD 22 billion over the next five years to expand decarbonization infrastructure and enhance other facilities, including the construction of a new 380 MW gas combined cycle generator unit (L13)[6] - Capital expenditure during the period was HKD 1.375 billion, down from HKD 1.678 billion in 2023, indicating a reduction of approximately 17.9%[22] - The company incurred capital expenditures of HKD 2,009 million, a reduction from HKD 2,316 million in the previous year, reflecting a strategic focus on cost control[36] - The company's capital expenditure for the period was HKD 2,025 million, down from HKD 2,407 million in the previous year, a decrease of 15.8%[65] - Capital expenditures approved and contracted amount to HKD 7.464 billion as of June 30, 2024, up from HKD 5.832 billion at the end of 2023[67] - Capital expenditures approved but not yet contracted decreased to HKD 16.873 billion from HKD 21.073 billion year-over-year[67] Operational Efficiency and Technology - The company plans to enhance productivity and operational capabilities by leveraging advanced technologies such as artificial intelligence[15] - The company aims to balance capital expenditure and necessary investments while progressing towards its zero-carbon vision for the 2024-2028 development plan[15] - The company plans to continue its investment strategy focused on operational efficiency and market expansion in the upcoming periods[41] - The company is actively exploring the feasibility of importing zero-carbon electricity through regional cooperation and investigating the application of green hydrogen[15] Sustainability and Environmental Goals - The company aims to increase the proportion of natural gas generation to approximately 70% following the completion of its 2019-2023 development plan[6] - The company plans to eliminate coal-fired power generation by 2035, having already retired three coal units in recent years, with L6 expected to retire in 2029[9] - The total capacity of natural gas generation will increase to 1,855 MW by 2029, representing a significant portion of the total generation capacity[9] - The company has completed the review of its sustainability framework and policies, setting new goals aligned with six United Nations Sustainable Development Goals[12] - The company is committed to improving the resilience of its power grid against extreme weather events through investments in flood and wind protection facilities[15] Financial Position and Debt Management - Total external borrowings as of June 30, 2024, amounted to HKD 50.664 billion, an increase from HKD 50.206 billion as of December 31, 2023[22] - As of June 30, 2024, the net debt of the Trust Group was HKD 50.619 billion, compared to HKD 50.185 billion on December 31, 2023, maintaining a net debt to net total capital ratio of 51%[24] - The Trust Group's total assets as of June 30, 2024, were HKD 115.836 billion, slightly down from HKD 116.047 billion on December 31, 2023[33] - The company's total liabilities decreased from HKD 3,417 million as of December 31, 2023, to HKD 2,904 million as of June 30, 2024, a reduction of 15%[57] - The total equity as of June 30, 2024, was HKD 49,922 million, slightly up from HKD 49,447 million as of December 31, 2023, indicating a growth of 1%[57] Governance and Compliance - The company has complied with the corporate governance code applicable during the six months ended June 30, 2024, except for the absence of a remuneration committee and a nomination committee[86] - The audit committee, chaired by an independent non-executive director, has reviewed the unaudited consolidated financial statements for the six months ending June 30, 2024[91] - The company ensures compliance with all relevant laws and regulations, including listing rules and corporate governance developments[88] - The company has established a communication policy with unit holders to facilitate effective communication, including annual meetings and financial performance reports[97] - The company conducts regular meetings of the board, approximately four times a year, to monitor performance and strategic direction[87] Shareholder Information - The major shareholders of the company include Electric Power Industry Limited, holding 2,948,966,418 units, representing 33.37% of the issued units[102] - The State Grid Corporation holds 1,855,602,000 units, accounting for 21.00% of the issued units[102] - Qatar Investment Authority owns 1,758,403,800 units, which is 19.90% of the issued units[102] - The company has a significant concentration of ownership, with the top two shareholders controlling over 55% of the issued units[102] - The company is structured as a trust, with units that cannot be individually bought or sold[109]