Core Viewpoint - The company anticipates a significant decline in net income for the six months ending June 30, 2025, with a decrease of approximately 80% to 85% compared to the same period last year, while the loss is expected to decrease by about 65% to 75% [1] Group 1: Financial Performance - The expected net income decline is primarily due to the energy storage system sales business failing to generate any revenue, attributed to intense competition in the South African energy storage market and the absence of new sales orders with distributors during the reporting period [1] - The net income from the guarantee business is projected to decrease by approximately 90% to 95% compared to the same period last year, driven by a slowdown in market financing demand and weakened market investment confidence [1] - The reduction in the company's loss is mainly due to the absence of impairment losses on properties, plants, and equipment during the reporting period, whereas approximately 15.6 million was recognized as impairment loss in the same period last year [1]

Core Viewpoint - China Financial Development (03623) anticipates a significant decline in net income for the six months ending June 30, 2025, with a decrease of approximately 80% to 85% compared to the same period last year [1] Financial Performance Summary - The expected net income for the reporting period is projected to drop significantly, while the loss amount is expected to decrease by about 65% to 75% compared to the previous year [1] - The decline in net income is primarily attributed to the following factors: - The energy storage system sales business failed to generate any revenue due to intense competition in the South African energy storage market and the absence of new sales orders with distributors during the reporting period [1] - The guarantee business experienced a net income reduction of approximately 90% to 95% compared to the previous year, driven by a slowdown in market financing demand and weakened market investment confidence [1] - The reduction in the group's loss amount is mainly due to the absence of impairment losses on properties, plants, and equipment during the reporting period, whereas the previous year recorded an impairment loss of approximately 15.6 million [1]

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。 China Success Finance Group Holdings Limited 中國金融發展（控股）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3623） 展望未來，本集團將繼續堅持「風險第一、業務第二」的原則，審慎發展金融板塊業務， 同時探索調整生豬養殖業務的機會，並修復國際儲能系統銷售業務。本集團還將嘗試在探 索數字資產領域的發展機會，務求以多元化業務增厚集團經營韌性，促進集團高質量可持 續發展。 - 1 - 本公告所載資料僅基於董事會對本集團於報告期間的未經審核管理賬目及目前董事會可獲 得的資料而作出的初步評估。本集團正在確定其於報告期間的中期業績。本集團的實際財 務業績可能與本公告所披露的有所不同。本公司股東及潛在投資者請仔細閱讀本公司有關 報告期間財務業績的公告。 本公司股東及潛在投資者於買賣本公司股份時，務請審慎行事。 承董事會命 中國金融發展（控股）有限公司 主席兼執 ...

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。 China Success Finance Group Holdings Limited 中國金融發展（控股）有限公司 （於開曼群島註冊成立的有限公司） 香港，二零二五年八月十八日 （股份代號：3623） 董 事 會 會 議 日 期 中國金融發展（控股）有限公司（「本公司」）董事會（「董事會」）謹此宣佈將於二零二 五年八月二十八日（星期四）召開董事會會議，藉此（其中包括）審議及批准（倘認為合適） 本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績及審議派發中期股息 （如有）的建議。 承董事會命 中國金融發展（控股）有限公司 於本公告日期，董事會包括(i)五名執行董事，即張鐵偉先生、李斌先生、戴菁女士、徐凱英先生及龐浩 泉先生，及(ii)三名獨立非執行董事，即曾鴻基先生、區天旂先生及周小江先生。 主席兼執行董事 張鐵偉 ...

Core Viewpoint - China Financial Development (03623.HK) announced that it will hold a board meeting on August 28, 2025, to review and approve the interim results for the six months ending June 30, 2025, and to consider the proposal for an interim dividend, if deemed appropriate [1] Summary by Relevant Categories - **Company Announcement** - The company will convene a board meeting on August 28, 2025, to discuss its interim performance and potential dividend distribution [1]

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。 China Success Finance Group Holdings Limited 中國金融發展（控股）有限公司 （於開曼群島註冊成立的有限公司） 主席兼執行董事 張鐵偉 香港，二零二五年八月十八日 於本公告日期，董事會包括(i)五名執行董事，即張鐵偉先生、李斌先生、戴菁女士、徐凱英先生及龐浩 泉先生，及(ii)三名獨立非執行董事，即曾鴻基先生、區天旂先生及周小江先生。 （股份代號：3623） 董 事 會 會 議 日 期 中國金融發展（控股）有限公司（「本公司」）董事會（「董事會」）謹此宣佈將於二零二 五年八月二十八日（星期四）召開董事會會議，藉此（其中包括）審議及批准（倘認為合適） 本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績及審議派發中期股息 （如有）的建議。 承董事會命 中國金融發展（控股）有限公司 ...

公司名稱: 中國金融發展（控股）有限公司 呈交日期: 2025年8月6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) | 03623 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,200,000,000 | HKD | | 0.01 | HKD | | 12,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,200,000,000 | HKD | | 0.01 | HKD | | 12,000,000 | 本月底法定/註冊股本總額： HKD 12,000,000 FF301 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 ...

Group 1 - The company has entered into a subscription agreement for the purchase of exchangeable bonds amounting to USD 4 million, with a payment structure involving USD 1 million in cash and the issuance of approximately 33.428 million shares at HKD 0.7 per share [1] - The exchangeable bonds, if fully exercised, will convert into 1% of the total issued share capital of the target company [2] - The company plans to issue up to 77 million placement shares at a price of HKD 0.7 per share, representing approximately 13.94% of the existing share capital as of the announcement date [2] Group 2 - The placement price of HKD 0.7 per share represents a discount of approximately 18.60% compared to the closing price of HKD 0.86 on the date of the placement agreement [3] - The estimated total proceeds from the placement, after deducting commissions and related expenses, will be approximately HKD 53.9 million, with a net amount of about HKD 53.36 million [3] - The net proceeds will be allocated as follows: approximately HKD 7.8 million for the cash consideration of the subscription, around HKD 35.56 million for repaying existing loans, and about HKD 10 million for general working capital [3]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of RMB 64,585,000, a significant decrease of 67.5% compared to RMB 198,460,000 in 2023[6]. - The company incurred a pre-tax loss of RMB 52,640,000, compared to a loss of RMB 44,896,000 in the previous year, indicating a deterioration in profitability[6]. - Total assets decreased to RMB 558,737,000 from RMB 644,936,000 in 2023, reflecting a decline of approximately 13.4%[6]. - The company's total liabilities also decreased to RMB 321,013,000, down from RMB 352,829,000, marking a reduction of about 9.0%[6]. - The net asset value fell to RMB 237,724,000, a decrease of 18.6% from RMB 292,107,000 in 2023[6]. - The group's revenue for the fiscal year ending December 31, 2024, was approximately RMB 64.6 million, an increase of about 225.4% compared to RMB 19.8 million in the fiscal year 2023[49]. - The net income from financing guarantee services was approximately RMB 15.1 million for the fiscal year ending December 31, 2024, representing a growth of about 13.5% from RMB 13.3 million in the previous year[49]. - Revenue from financing and non-financing guarantee services was approximately RMB 154 million and RMB 2 million, accounting for approximately 23.8% and 0.3% of total revenue, respectively[26]. - Revenue from market pig sales for the year ended December 31, 2024, was approximately RMB 4.4 million, a significant increase from RMB 1.2 million in 2023, reflecting a recovery in sales volume and revenue[56]. - Revenue from energy storage system sales for the year ended December 31, 2024, was approximately RMB 41.4 million, a substantial increase from RMB 5.0 million in 2023[59]. Business Strategy and Operations - The company is focusing on enhancing risk control capabilities and optimizing business structure to ensure stable and healthy development amid macroeconomic fluctuations[9]. - The company is advancing its supply chain finance business, particularly in the pig supply chain and international energy storage sectors, despite facing market competition and policy uncertainties[12]. - The company plans to optimize its supply chain finance business while maintaining a prudent approach to traditional business operations, focusing on small and micro enterprises[14]. - The company aims to explore new business areas and market opportunities to achieve diversified development[16]. - The company will enhance risk control and optimize its business structure to meet diverse customer needs in the guarantee service sector[14]. - The company is committed to providing high-quality energy storage solutions in response to the growing market demand in the energy storage supply chain[15]. - The company aims to enhance energy storage systems to provide more efficient, safer, and cost-effective solutions while introducing new products to meet local market demands[95]. - The company plans to deepen its presence in the South African market and selectively expand into other African, Australian, and European markets by 2025[95]. - The company recognizes the importance of the Greater Bay Area's financial development and aims to actively promote the construction of a financial hub in the region[89]. - The company is committed to maintaining prudent and stable operations while expanding its comprehensive services in the Greater Bay Area[85]. Economic Environment - The domestic GDP growth for 2024 is projected at 5.0%, indicating a resilient economic environment, which the company aims to leverage for its growth strategies[8]. - The Hong Kong economy is expected to grow by 2.5% in 2024, presenting both opportunities and challenges for the company[8]. - The global economy is expected to grow slowly in 2025, with inflation rates likely to decline and the job market remaining stable, but geopolitical tensions and high debt levels pose significant uncertainties[13]. - The overall GDP growth in Hong Kong for 2024 is projected at 2.5%, driven by improved external demand and increased service exports[20]. - The global energy storage market is experiencing rapid growth, supported by government policies, but faces challenges in technology, economics, and competition[93]. Risk Management - The company is implementing a core strategy of "risk first, business second" in its guarantee business to enhance operational efficiency and safeguard client interests[11]. - The company employs a strict credit risk assessment policy to minimize credit risk, involving thorough due diligence and background checks on clients and guarantors[28]. - The credit limit for clients is determined by the risk management department based on initial assessment reports and due diligence findings[32]. - The group maintains a cautious strategy in expanding its guarantee business, prioritizing risk management and optimizing risk control mechanisms[38]. - The group actively monitors customer financial conditions and business operations, conducting regular assessments to safeguard its interests in receivable default guarantee payments[37]. Share Options and Corporate Governance - The company has adopted stock option plans as a reward mechanism for directors and eligible employees following its initial public offering[156]. - The board of directors is composed of five executive directors, with re-elections scheduled for June 28, 2024, for Mr. Li Bin and Mr. Pang Haoquan[148]. - The company has established a compensation committee to determine the remuneration of directors based on company performance and market practices[155]. - The company has arranged appropriate liability insurance for its directors and key personnel[158]. - The company has established an Environmental, Social, and Governance (ESG) committee to assess the environmental impact of its operations and report to senior management[185]. - The company is committed to sustainable development and has set carbon reduction targets while increasing the use of renewable energy[184]. - The company has adopted and complied with the Corporate Governance Code as of December 31, 2024, ensuring high standards of corporate governance[198]. Customer and Market Dynamics - The largest customer accounts for approximately RMB 25 million in accounts receivable default guarantee payments, representing 19.3% of the total[26]. - Approximately 15,000 individual customers benefited from the customized guarantee services tailored for the payment segment of the trading market, resulting in positive financial outcomes for the group[39]. - The group faces sales revenue reduction risks due to fluctuations in live pig prices, particularly during market downturns, which may lead to operational losses[106]. - The group is implementing a live pig breeding model to mitigate cash flow pressure and respond to market price volatility[106]. Employee and Talent Management - The group employed 66 full-time employees, with total employee costs (including directors' remuneration) amounting to approximately RMB 15.7 million[81]. - The group maintains two share option plans to attract and retain talent, enhancing business success[125]. Financial Position and Capital Management - Cash and bank deposits increased to approximately RMB 185.6 million from RMB 134.1 million, an increase of about RMB 51.5 million[74]. - Trade and other receivables decreased to approximately RMB 87.6 million from RMB 135.9 million due to collections during the reporting period[75]. - The group plans to leverage its operating funds to support guarantee and financing lease businesses, while remaining open to potential debt or equity fundraising opportunities to meet operational needs[42]. - The company has not purchased, sold, or redeemed any of its listed securities, including treasury shares[175]. Subsequent Events and Compliance - There have been no significant subsequent events from December 31, 2024, to the date of this report[191]. - The company has not entered into any related party transactions that require disclosure under the listing rules as of December 31, 2024[192]. - The company has not identified any non-compliance with environmental laws and regulations as of December 31, 2024[185].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 64,585,000, representing a significant increase of 225.4% compared to RMB 19,846,000 in the previous year[3] - The company reported a net loss of RMB 56,699,000 for the year, which is an increase of 24.1% from a net loss of RMB 45,690,000 in the prior year[3] - The company reported a basic loss per share of RMB 0.07, compared to RMB 0.06 in the previous year, reflecting a 16.7% increase in loss per share[3] - The company reported a total segment loss before tax of RMB 56,699,000 for the year 2024, compared to a loss of RMB 45,690,000 in 2023, indicating a worsening of approximately 24%[24] - The pre-tax loss increased from RMB 33,421 thousand in 2023 to RMB 39,117 thousand in 2024, an increase of approximately 17.0%[38] - The income tax expense for the year ended December 31, 2024, was approximately RMB 4.1 million, a significant increase of approximately 412.5% compared to RMB 0.8 million in 2023[92] Revenue Sources - The company generated RMB 41,440,000 in revenue from energy storage system sales, a substantial increase from RMB 4,966,000 in the previous year[4] - Revenue from major customer A in the energy storage segment increased significantly from RMB 4,441 thousand in 2023 to RMB 40,854 thousand in 2024, representing a growth of approximately 820.5%[27] - Revenue from financial services in mainland China decreased from RMB 26,066 thousand in 2023 to RMB 16,667 thousand in 2024, a decline of approximately 36.0%[28] - Revenue from financing and non-financing guarantee services was approximately RMB 15.4 million and RMB 0.2 million, respectively, representing about 23.8% and 0.3% of total revenue[56] - The company recorded sales revenue from market pig sales of approximately RMB 4.4 million, up from RMB 1.2 million in 2023[78] - The company achieved sales revenue of approximately RMB 41 million from its energy storage system sales business during the reporting period[72] Asset and Equity Changes - Total assets decreased by 13.4% to RMB 558,737,000 from RMB 644,936,000 year-over-year[3] - Total equity also declined by 18.6% to RMB 237,724,000 from RMB 292,107,000 in the previous year[3] - Cash and bank deposits increased to RMB 185,561,000 from RMB 134,077,000, indicating improved liquidity[6] - Trade receivables (net of loss provisions) decreased to RMB 18,234,000 in 2024 from RMB 20,734,000 in 2023, representing a decline of approximately 12.06%[42] - The recoverable amount of the pig sales business was RMB 154,468,000 as of December 31, 2024, down from RMB 182,260,000 in 2023, indicating a decrease of about 15.24%[46] Cost Management - Operating expenses decreased to RMB 39,938,000 from RMB 51,575,000, indicating improved cost management[4] - Employee costs decreased from RMB 18,516 thousand in 2023 to RMB 15,738 thousand in 2024, a decline of approximately 15.0%[32] - Operating expenses, including R&D costs, decreased to approximately RMB 40.9 million in 2024 from RMB 52.6 million in 2023, reflecting strict cost control measures[88] Impairment and Losses - The company recognized a loss of RMB 15,798,000 for impairment of property, plant, and equipment related to the pig sales business in 2024, compared to no impairment loss in 2023[46] - Impairment losses on property, plant, and equipment amounted to approximately RMB 18.2 million for the year ended December 31, 2024, attributed to the transitional pig farming service model and declining real estate prices in mainland China[87] Strategic Focus and Future Plans - The company is focusing on expanding its market presence in energy storage systems and livestock sales, which are key growth areas for future revenue[7] - The company plans to continue focusing on traditional business areas while actively expanding comprehensive services in the Greater Bay Area[104] - The company aims to enhance risk management and explore new business growth points in response to the evolving policy environment and market competition[105] - The company is actively exploring international energy storage supply chain business opportunities, particularly in South Africa, Australia, and Europe[72] - The company plans to increase the scale of pig farming services to approximately 29,000 pigs, aiming for revenue growth while mitigating market price fluctuations[107] Financial Health and Risk Management - The company has implemented strict credit risk assessment policies to mitigate credit risk associated with guarantees[58] - The group continues to adopt a cautious strategy in its guarantee business, emphasizing "risk first, business second" to optimize risk management mechanisms[66] - The adjusted net debt-to-capital ratio increased from approximately 46% to 62%, primarily due to losses during the reporting period leading to a decrease in total equity[99] Compliance and Reporting - The audit committee has reviewed the consolidated financial statements for the fiscal year ending December 31, 2024, ensuring compliance with applicable accounting standards[120] - The annual performance announcement and annual report will be published on the company's website and the designated website of the Stock Exchange[124] - Printed copies of the annual performance announcement and annual report will be available upon request[124]