[Financial and Performance Highlights](index=3&type=section&id=概%20要) The group's revenue surged by 1,763.0% to RMB 54.511 million in H1 2024, primarily due to new energy storage business, while loss for the period narrowed by 36.8% [Financial Summary](index=3&type=section&id=财务摘要) For the six months ended June 30, 2024, the group's revenue soared by 1,763.0% to RMB 54.511 million, mainly driven by the new energy storage business, despite which the group recorded a loss of RMB 22.063 million, a 36.8% reduction from the prior year, with total assets and equity slightly decreasing from year-end 2023 Key Financial Indicators for H1 2024 | Indicator | For the Six Months Ended June 30, 2024 (RMB thousands) | For the Six Months Ended June 30, 2023 (RMB thousands) | Percentage Change | | :--- | :--- | :--- | :--- | | **Revenue** | 54,511 | 2,926 | +1,763.0% | | **Loss Before Tax** | (19,144) | (31,041) | -38.3% | | **Loss for the Period** | (22,063) | (34,898) | -36.8% | | **Basic Loss Per Share (RMB)** | (0.02) | (0.05) | -60.0% | | | **As of June 30, 2024 (RMB thousands)** | **As of December 31, 2023 (RMB thousands)** | **Percentage Change** | | **Total Assets** | 608,496 | 644,936 | -5.7% | | **Total Equity** | 272,288 | 292,107 | -6.8% | [Chairman's Report](index=4&type=section&id=主席報告) The Chairman's Report highlights the group's strategy of steady traditional business development alongside diversified exploration, particularly in "dual-chain linkage" supply chain finance, with energy storage showing strong performance - Facing a complex operating environment, the group strengthened risk control, steadily developed traditional businesses, and actively explored diversified business growth, especially in supply chain finance[5](index=5&type=chunk) - Traditional guarantee business adhered to a "risk first, business second" strategy, while financial leasing explored providing services to park-resident enterprises[6](index=6&type=chunk) - The group accelerated the potential of supply chain finance, forming a "dual-chain linkage" development model for hog farming and international energy storage, with the latter achieving remarkable results[7](index=7&type=chunk) - For the second half of the year, the group will continue to focus on its core business and diversified drivers, planning to expand into Australian and European energy storage markets and explore hog contract farming models to mitigate risks[8](index=8&type=chunk)[9](index=9&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=管理層討論與分析) This section reviews the group's strategic shift towards cautious traditional business development and aggressive expansion into new ventures, particularly international energy storage, amidst economic uncertainties [Industry and Business Review](index=8&type=section&id=行業及業務回顧) In H1 2024, the group prudently developed traditional financial services while vigorously advancing new businesses, with traditional guarantee services achieving good financial returns, hog supply chain sales recovering but facing cost pressures, and the new international energy storage business rapidly growing as a key revenue driver [Traditional Business: Prudent and Steady Development](index=8&type=section&id=審慎穩健發展傳統業務) Amidst insufficient credit demand, the group adopted a cautious strategy for its traditional guarantee and financial leasing businesses, with guarantee services providing customized solutions for transaction market product payments, benefiting approximately 10,000 customers and achieving good financial results - To address insufficient credit demand, the group adopted a prudent strategy for its traditional businesses, prioritizing "risk first, business second"[12](index=12&type=chunk) - During the reporting period, the group's customized guarantee services for payment links in transaction market product sales benefited approximately **10,000 customers** and achieved good financial results[12](index=12&type=chunk) [Emerging Business: Hog Supply Chain](index=10&type=section&id=調整優化生豬供應鏈業務) In H1 2024, the group's hog farming business sold approximately 2,800 hogs, generating revenue of approximately RMB 4.4 million, a 279% year-on-year increase, but high farming costs prevented profitability, leading to a shift to a more flexible production model since June Hog Supply Chain Business Performance | Indicator | H1 2024 | Year-on-Year Change | | :--- | :--- | :--- | | **Quantity Sold** | Approx. 2,800 hogs | - | | **Revenue** | Approx. RMB 4.4 million | +279% | [Emerging Business: International Energy Storage](index=10&type=section&id=探索國際儲能業務) The international energy storage business, operational since December 2023, continued its positive development during the reporting period, establishing a mature sales network and brand image in existing markets (South Africa), generating approximately RMB 35.3 million in revenue with strong growth potential due to safe, durable, and efficient products - The international energy storage business, operational since December 2023, recorded revenue of approximately **RMB 35.3 million** during the reporting period[15](index=15&type=chunk) - The group's industrial and commercial energy storage systems demonstrated excellent performance in safety and durability, with some products achieving IP67 or IP56 certification[15](index=15&type=chunk) [Financial Review](index=11&type=section&id=財務回顧) The group's financial performance significantly improved in H1 2024, with total revenue surging by 1,763.0% driven by new energy storage system sales and increased financing guarantee services, while operating expenses decreased by 17.1%, leading to a 38.4% reduction in loss before tax to RMB 19.144 million despite an RMB 15.613 million asset impairment from hog business strategy adjustments [Revenue Analysis](index=11&type=section&id=收%20益) For the six months ended June 30, 2024, the group's total revenue reached RMB 54.511 million, a substantial 1,763.0% increase from RMB 2.926 million in the prior period, primarily due to RMB 35.30 million from new energy storage system sales and a 781.3% surge in net income from financing guarantee services to RMB 14.10 million Revenue Composition H1 2024 (RMB thousands) | Business Segment | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Net Income from Financing Guarantee Services | 14,131 | 1,600 | | Non-financing Guarantee Services | 40 | 100 | | Financial Advisory Services | 118 | 10 | | Financial Leasing Services | 647 | 0 | | Market Hog Sales | 4,362 | 1,151 | | Energy Storage System Sales | 35,253 | 0 | | **Total Revenue** | **54,511** | **2,926** | [Impairment Loss on Assets](index=14&type=section&id=物業、廠房及設備減值虧損) Due to challenges in the hog farming industry, including virus mutations and rising costs, the group plans to adjust the operational strategy of its subsidiary, Green Lake Yangmian Mountain, to explore a contract farming model, leading to an impairment loss of approximately RMB 15.613 million on related non-current assets based on revised profitability forecasts - Due to operational strategy adjustments in the hog farming business, the group recognized an impairment loss provision of approximately **RMB 15.6 million** on related non-current assets[24](index=24&type=chunk) [Operating Expenses](index=14&type=section&id=經營開支) During the reporting period, the group's total operating expenses were RMB 21.274 million, a 17.1% year-on-year decrease, primarily due to strict cost management, significant reductions in office, travel, and entertainment expenses, and decreased value of culled hogs, though intermediary and consulting fees increased due to the energy storage business Operating Expense Details (RMB thousands) | Item | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Salaries and Wages | 8,253 | 10,492 | | Depreciation Expense | 5,691 | 2,657 | | Intermediary and Consulting Fees | 3,402 | 1,905 | | Office, Travel, and Entertainment Expenses | 772 | 3,144 | | Others | 2,259 | 7,037 | | **Total** | **21,274** | **25,719** | [Loss Before Tax](index=15&type=section&id=除稅前虧損) The group's loss before tax significantly narrowed by 38.4% to RMB 19.144 million from RMB 31.041 million in the prior period, primarily due to strong growth in guarantee services and energy storage system sales, effective control over operating expenses, and reduced interest expenses from lower convertible bond principal, partially offset by asset impairment losses in the hog farming business - Loss before tax decreased by **38.4%** from approximately **RMB 31.0 million** in the prior period to approximately **RMB 19.1 million** in the current period[28](index=28&type=chunk) [Liquidity and Capital Resources](index=15&type=section&id=流動資金及資本資源) As of June 30, 2024, the group's cash and bank balances increased to RMB 178.4 million, while pledged bank deposits decreased, and the gearing ratio slightly rose to 123.5% due to a reduction in total equity from the loss for the period, with the group primarily operating in RMB and closely monitoring foreign exchange risks Liquidity and Capital Structure Indicators | Indicator | June 30, 2024 (RMB millions) | December 31, 2023 (RMB millions) | | :--- | :--- | :--- | | Cash and Bank Balances | 178.4 | 134.1 | | Pledged Bank Deposits | 53.0 | 72.7 | | Gearing Ratio | 123.5% | 120.8% | [Prospects and Outlook](index=16&type=section&id=前景及展望) Looking ahead to H2 2024, the group will maintain prudent operations amidst a complex macro environment, strategically developing traditional financial businesses, actively promoting integrated services in the Greater Bay Area, and focusing on adjusting and optimizing its two emerging supply chain businesses - Traditional businesses will continue to operate prudently, with flexible adjustments to operating strategies and exploration of diversified collaborations with FinTech[35](index=35&type=chunk) - The hog business maintains cautious optimism for its prospects, exploring contract farming partnerships with quality enterprises to introduce advanced technology and reduce farming risks[37](index=37&type=chunk) - To address international trade challenges, the energy storage business will actively expand local South African suppliers, increase local assembly proportions, and accelerate market expansion into Australia and Europe[38](index=38&type=chunk) [Condensed Interim Financial Report](index=19&type=section&id=簡明中期財務報告) This section presents the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, reviewed by independent auditor Fuyuan Mazars CPA Limited, which found no matters suggesting non-compliance with HKAS 34, showing total revenue of RMB 54.511 million and a loss for the period of RMB 22.063 million, with total assets of RMB 608 million, total liabilities of RMB 336 million, and net assets of RMB 272 million at period-end - The independent auditor reviewed the interim financial report and concluded that no matters were found to suggest the report was not prepared in all material respects in accordance with Hong Kong Accounting Standard 34[39](index=39&type=chunk)[41](index=41&type=chunk) Condensed Consolidated Statement of Profit or Loss Summary (RMB thousands) | Item | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Net Revenue | 54,511 | 2,926 | | Loss Before Tax | (19,144) | (31,041) | | Loss for the Period | (22,063) | (34,898) | | Loss Attributable to Owners of the Company | (9,630) | (28,896) | Condensed Consolidated Statement of Financial Position Summary (RMB thousands) | Item | June 30, 2024 (Unaudited) | December 31, 2023 (Audited) | | :--- | :--- | :--- | | Total Assets | 608,496 | 644,936 | | Total Liabilities | 336,208 | 352,829 | | Net Assets | 272,288 | 292,107 | | Total Equity | 272,288 | 292,107 | [Notes to the Financial Report](index=26&type=section&id=未經審核簡明中期財務報告附註) This section provides detailed notes supporting the condensed interim financial report, covering revenue, segment performance, receivables, borrowings, and share option schemes [Note 3: Revenue and Segment Reporting](index=28&type=section&id=3.%20收益及分部報告) This note details the group's revenue sources and the performance of its three operating segments: financial services, hog sales, and energy storage, with financial services contributing RMB 14.9 million in revenue and RMB 6.35 million in profit before tax, hog sales generating RMB 4.36 million but incurring a significant loss of RMB 25.41 million due to costs and asset impairment, and the new energy storage segment performing strongly with RMB 35.25 million in revenue and near break-even results, while Mainland China remains the primary revenue source, and the new South African market (energy storage) contributes over 60% of total revenue Segment Performance Summary (RMB thousands) | Segment | Net Revenue | Reportable Segment Profit (Loss) Before Tax | | :--- | :--- | :--- | | Financial Services | 14,896 | 6,351 | | Hog Sales | 4,362 | (25,409) | | Energy Storage | 35,253 | (86) | | **Total** | **54,511** | **(19,144)** | Revenue by Customer Geographical Location (RMB thousands) | Region | H1 2024 | | :--- | :--- | | Mainland China | 19,258 | | South Africa | 35,253 | | **Total** | **54,511** | [Note 11: Trade and Other Receivables](index=38&type=section&id=11.%20貿易及其他應收款項) As of June 30, 2024, the group's total trade and other receivables amounted to RMB 112 million, a decrease from RMB 136 million at the beginning of the year, with trade receivables (including receivables from defaulted guarantee payments) having a net book value of RMB 27.22 million and deposits and other receivables a net book value of RMB 42.24 million, and the vast majority of receivables from defaulted guarantee payments being over one year old Composition of Trade and Other Receivables (RMB thousands) | Item | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Trade Receivables (Net) | 27,223 | 20,734 | | Deposits and Other Receivables (Net) | 42,239 | 70,524 | | Other Items | 42,481 | 44,502 | | **Total** | **111,943** | **135,860** | [Note 17: Interest-Bearing Borrowings](index=43&type=section&id=17.%20計息借款) As of June 30, 2024, the group's total secured bank borrowings were RMB 131 million, slightly lower than RMB 137 million at the beginning of the year, with RMB 119 million utilized from a total RMB 140 million bank facility secured by ordinary shares of a company subsidiary - As of June 30, 2024, the group's total secured bank borrowings amounted to **RMB 131 million**[84](index=84&type=chunk) - Of the total **RMB 140 million** bank facility, **RMB 119 million** has been utilized, secured by ordinary shares of a subsidiary[84](index=84&type=chunk) [Note 19: Share Option Scheme](index=44&type=section&id=19.%20以權益結算以股份為基礎的交易) This note discloses changes in the group's share option schemes, reporting 11,508,400 outstanding share options as of June 30, 2024, granted under the 2020 and 2023 schemes, with 5,100,000 granted to directors and 6,408,400 to employees, and no new options granted, exercised, or expired during the period, while a new "2024 Share Option Scheme" was adopted in June 2024 Outstanding Share Options (As of June 30, 2024) | Participant Category | Number Outstanding | | :--- | :--- | | Directors | 5,100,000 | | Employees | 6,408,400 | | **Total** | **11,508,400** | - The company adopted a new share option scheme ("2024 Share Option Scheme") on June 28, 2024, with no options granted under this scheme during the reporting period[110](index=110&type=chunk) [Other Information](index=49&type=section&id=其他資料) This section covers additional disclosures including pledged shares by the controlling shareholder, significant post-reporting period events, and corporate governance and compliance matters [Pledged Shares by Controlling Shareholder](index=59&type=section&id=控股股東質押股份) During the reporting period, Expert Depot Limited, wholly owned by Chairman and Executive Director Mr. Zhang Tiewei, pledged 110 million company shares to secure convertible bonds issued by the company, representing approximately 19.92% of the company's total issued share capital as of June 30, 2024 - Controlling shareholder Expert Depot Limited (owned by Chairman Mr. Zhang Tiewei) pledged **110 million** company shares to secure convertible bonds[119](index=119&type=chunk) - As of June 30, 2024, the pledged shares represented approximately **19.92%** of the company's total issued share capital[119](index=119&type=chunk) [Post-Reporting Period Events](index=59&type=section&id=報告期後事件) A significant financing and debt repayment event occurred after the reporting period, where in July 2024, the company received an HKD 16 million shareholder loan from controlling shareholder Expert Depot Limited, which was used to fully redeem all remaining outstanding convertible bonds, leading to the cancellation of all convertible bonds and the release of related share pledges - In July 2024, the company received an **HKD 16 million** shareholder loan from the controlling shareholder, with an annual interest rate of **7.875%**[120](index=120&type=chunk) - The company fully redeemed all outstanding convertible bonds on July 26, 2024, resulting in the cancellation of all bonds and the release of the related **110 million** share pledge[120](index=120&type=chunk) [Corporate Governance and Compliance](index=57&type=section&id=企業管治) The group complied with the Corporate Governance Code provisions of the Listing Rules during the reporting period, with the Audit Committee, comprising three independent non-executive directors, having reviewed this interim report, and the directors confirming compliance with the standard securities dealing code, while the company maintained the required public float as of the reporting date - The company has adopted and complied with the Corporate Governance Code provisions in Appendix C1 of the Listing Rules[114](index=114&type=chunk) - The Audit Committee, composed of three independent non-executive directors, has reviewed this interim report[115](index=115&type=chunk) - As of the date of this report, the company has maintained the public float required by the Hong Kong Listing Rules[118](index=118&type=chunk)

Revenue Growth - Revenue for the six months ended June 30, 2024, was RMB 54,511,000, a significant increase of 1,763.0% compared to RMB 2,926,000 for the same period in 2023[1] - Total net revenue for the six months ended June 30, 2024, was RMB 54,511 thousand, a significant increase from RMB 2,926 thousand in the same period of 2023, representing a growth of approximately 1,759%[8] - Revenue from financing guarantee services reached approximately RMB 14.1 million, up about 781.3% from RMB 1.6 million in 2023, driven by increased demand for guarantee services in product transactions[34] - The international energy storage business generated revenue of approximately RMB 35.3 million, compared to zero in the same period last year, reflecting strong market demand and brand establishment[41] - Revenue from market pig sales was approximately RMB 4.4 million, an increase from RMB 1.2 million in 2023, although the overall profitability remained negative due to high breeding costs[38][40] Profitability and Loss - Net income from guarantee fee revenue was RMB 14,131,000, up from RMB 1,763,000 in the previous year, reflecting a substantial growth[2] - The company reported a pre-tax loss of RMB 19,144,000, which is a 38.3% improvement from a loss of RMB 31,041,000 in the same period last year[2] - Total comprehensive loss for the period was RMB 20,803,000, a decrease of 42.7% compared to RMB 36,327,000 in the prior year[3] - The company recorded a net loss attributable to owners of the company of RMB 9,630,000, down from RMB 28,896,000 in the previous year[2] - The pre-tax loss decreased by approximately RMB 11.9 million or 38.4% to about RMB 19.1 million for the six months ended June 30, 2024, compared to a loss of approximately RMB 31.0 million in the same period last year[46] Assets and Equity - Total assets as of June 30, 2024, were RMB 608,496,000, down 5.7% from RMB 644,936,000 at the end of 2023[4] - Total equity decreased by 6.8% to RMB 272,288,000 from RMB 292,107,000 at the end of 2023[4] - Trade receivables, net of impairment, amounted to RMB 111,943,000 as of June 30, 2024, down from RMB 135,860,000 at the end of 2023[19] - Factoring receivables decreased to RMB 46,908,000 in 2024 from RMB 58,675,000 in 2023[21] Cash Flow and Liquidity - Cash and bank deposits increased to RMB 178,428,000 from RMB 134,077,000, indicating improved liquidity[4] - As of June 30, 2024, the group utilized RMB 118,980,000 of its bank financing, down from RMB 123,980,000 as of December 31, 2023[26] - Interest income from bank deposits was RMB 1,091 thousand for the first half of 2024, slightly down from RMB 1,144 thousand in the same period of 2023[15] Operational Efficiency - Employee costs decreased to RMB 8,253,000 in 2024 from RMB 10,492,000 in 2023, reflecting a reduction of approximately 21%[17] - Operating expenses for the six months ended June 30, 2024, were approximately RMB 21.3 million, a decrease of about RMB 4.4 million or 17.1% compared to RMB 25.7 million in the same period last year[44] - Interest expenses decreased to RMB 5,410,000 in 2024 from RMB 7,909,000 in 2023, a reduction of about 31.7%[17] Strategic Initiatives - The company has initiated new product lines, including energy storage systems, which generated RMB 35,253,000 in sales during the period[2] - The group has actively optimized its operational strategy and product structure, benefiting around 10,000 customers through tailored guarantee services during the reporting period[30] - The group has initiated a partnership with a professional R&D company to explore energy storage business opportunities, aligning with green energy development goals[33] - The company plans to explore the possibility of acting as a contract farmer for pig breeding, leveraging advanced breeding techniques to mitigate risks and improve survival rates[43] Market Conditions - The geographical revenue breakdown shows that revenue from mainland China was RMB 54,511 thousand, while revenue from South Africa was RMB 35,253 thousand for the first half of 2024[13] - The company is cautiously optimistic about the domestic pig market in the second half of 2024, anticipating a gradual increase in supply and potential price fluctuations[54] - In June 2024, the pig selling price increased by 16.35% compared to May 2024 and by 28.39% compared to the same month last year, indicating a recovery in the industry[32] Compliance and Governance - The company has not adopted any new or revised Hong Kong Financial Reporting Standards effective from January 1, 2024, and is currently assessing the potential impact on its performance and financial position[7] - The audit committee has reviewed the interim announcement and financial statements[58] - The company continues to comply with the corporate governance code as per the Hong Kong Stock Exchange[57] Shareholder Information - The group has not declared an interim dividend for the six months ended June 30, 2024, consistent with the previous year[28] - As of June 30, 2024, there are 5,805,400 stock options from the 2020 stock option plan still outstanding[59] - The company has not issued or agreed to issue any stock options under the 2024 stock option plan as of June 30, 2024[60]

Stock Options - The nominal consideration for the stock options granted under the post-IPO stock option plan is HKD 1.00[1] - The acceptance of stock options must be paid within 7 days from the offer date[1] Annual Report - The announcement provides supplementary information to the annual report for the year ended December 31, 2023[1] - The company emphasizes that the supplementary information does not affect any other data contained in the annual report and supplementary announcement[1] Board of Directors - The board of directors includes five executive directors and three independent non-executive directors[1]

[Announcement Overview](index=1&type=section&id=Announcement%20Overview) This section provides an overview of the announcement, including its purpose and the current board composition [Purpose and Background](index=1&type=section&id=Purpose%20and%20Background) This announcement supplements the 2023 annual report, providing updates on the company's recent developments, particularly regarding guarantee, hog farming, and energy storage businesses - This announcement supplements China Financial Development (Holdings) Limited's 2023 annual report, providing shareholders and potential investors with the latest updates on the company's recent developments[2](index=2&type=chunk)[11](index=11&type=chunk) [Board Composition](index=5&type=section&id=Board%20Composition) This section discloses the updated composition of the company's board of directors, including five executive and three independent non-executive directors, with Mr. Zhang Tiewei as Chairman - The Board comprises **five executive directors** (Zhang Tiewei, Li Bin, Dai Jing, Xu Kaiying, Pang Haoquan) and **three independent non-executive directors** (Zeng Hongji, Ou Tianqi, Zhou Xiaojiang)[20](index=20&type=chunk) - Mr. Zhang Tiewei serves as the Chairman and Executive Director of the company[20](index=20&type=chunk) [Guarantee and Financial Leasing Businesses](index=1&type=section&id=Guarantee%20and%20Financial%20Leasing%20Businesses) This section details the company's guarantee and financial leasing operations, including business models, performance, strategy, and financial status [Business Model and Services](index=1&type=section&id=Business%20Model%20and%20Services) The company provides diverse financing and other guarantee services through Guangdong Integrated Financing Guarantee Co., Ltd., primarily to SMEs and individuals, requiring counter-guarantees, and offers integrated financial leasing services - Integrated Guarantee provides financing and other guarantee services in China, primarily targeting **small and medium-sized enterprises** and **individual customers**[21](index=21&type=chunk) - New guarantee services, including performance guarantees and litigation guarantees, are offered, typically requiring clients to provide counter-guarantees[21](index=21&type=chunk) - Integrated Financial Leasing engages in financial leasing business, offering a comprehensive package of services in conjunction with the guarantee business[22](index=22&type=chunk) [Operating Performance and Strategy](index=2&type=section&id=Operating%20Performance%20and%20Strategy) The guarantee business adheres to a "risk first, business second" strategy, renewing projects in 2024 with significant net guarantee fee income and successful recovery of past receivables, with expected improvement as the Chinese economy recovers - Guarantee arrangements were renewed for six months in 2024, continuing to provide financing guarantees for payment transactions of approximately **10,000 customers**[4](index=4&type=chunk) Key Financial Data for Guarantee Business | Indicator | Amount (RMB) | | :--- | :--- | | 2024 Net Guarantee Fee Income (YTD) | Not less than 13 million | | 2023 FY Accounts Receivable Recovered | Approximately 10 million | - Integrated Guarantee adheres to a "risk first, business second" strategy, with **no client loan defaults or payment failures** in FY2023[12](index=12&type=chunk) - The Board believes the performance of the guarantee business will gradually improve with the recovery of China's macroeconomic environment[13](index=13&type=chunk) [Financial Position and Funding](index=2&type=section&id=Financial%20Position%20and%20Funding) As of December 31, 2023, the company held approximately RMB 134 million in cash and bank balances, expecting to fund guarantee operations with working capital, while not ruling out future debt or equity financing Cash and Bank Balances at Year-End 2023 | Indicator | Amount (RMB) | | :--- | :--- | | Cash and Bank Balances (as of Dec 31, 2023) | Approximately 134 million | - The Group expects to fund its guarantee business with its working capital and may consider **debt and/or equity fundraising activities** in the future[23](index=23&type=chunk) [Hog Farming Business](index=2&type=section&id=Hog%20Farming%20Business) This section outlines the company's hog farming operations, including business models, recent adjustments, performance, and funding strategies [Business Model and Adjustments](index=2&type=section&id=Business%20Model%20and%20Adjustments) The company's hog farming business includes "fattening" and "breeding-and-raising" models; plans have been adjusted to a more flexible batch production due to virus mutations, market uncertainties, and team integration - The hog farming business includes the **"fattening model"** (purchasing piglets for rearing and sale) and the **"breeding-and-raising model"** (purchasing breeding pigs for reproduction and sale of commercial hogs)[7](index=7&type=chunk) - Breeding-and-raising model plan adjustment: approximately **250 gilts** are tentatively to be purchased by end of August 2024, with an estimated sale of up to **2,500 hogs** in FY2025, and no revenue expected in FY2024[8](index=8&type=chunk) - Fattening model plan adjustment: approximately **4,300 piglets** are tentatively to be purchased by end of August 2024 and sold by end of December 2024; another **2,500 piglets** to be purchased by end of January 2025 and sold by end of June 2025[14](index=14&type=chunk) - Due to continuous virus mutations, hog market uncertainties, and production team integration, the business plan has been adjusted to a **more flexible batch production model**[25](index=25&type=chunk) [Operating Performance and Outlook](index=2&type=section&id=Operating%20Performance%20and%20Outlook) The hog farm has completed biosafety upgrades; as of May 2024, approximately 2,700 hogs were sold, generating RMB 4.26 million in revenue, with an estimated 7,000 hogs and RMB 13.66 million revenue from the fattening model in FY2024, subject to market adjustments - The hog farm has completed biosafety assessments and upgrade projects to prevent disease transmission and improve farming quality and efficiency[24](index=24&type=chunk) Hog Farming Business Operating Data | Indicator | Quantity/Amount | | :--- | :--- | | Hogs Sold by End of May 2024 | Approximately 2,700 head | | Hog Business Revenue by End of May 2024 | Approximately RMB 4.26 million | | FY2024 Fattening Model Estimated Sales | Up to approximately 7,000 head | | FY2024 Fattening Model Estimated Revenue | Approximately RMB 13.66 million | - The aforementioned production and revenue plans will be adjusted as appropriate based on market conditions, epidemic prevention, and fluctuations in hog market prices[26](index=26&type=chunk) [Funding and Sustainability](index=3&type=section&id=Funding%20and%20Sustainability) The company will fund its hog business using internal resources and sales cash flow, potentially seeking future debt or equity financing, believing the business is financially viable and sustainable, providing consistent cash flow - The company will fund its hog business using **internal resources** and **cash flow generated from hog sales**[9](index=9&type=chunk) - The company may consider **debt or equity financing** in the future, depending on the farm's business needs[9](index=9&type=chunk) - The company believes its hog farming business is **financially viable and sustainable**, capable of generating sustainable cash flow for the company in the coming years[27](index=27&type=chunk) [Energy Storage Business](index=3&type=section&id=Energy%20Storage%20Business) This section details the company's energy storage business, covering its background, operational model, market expansion, financial performance, and management team [Business Background and Cooperation](index=3&type=section&id=Business%20Background%20and%20Cooperation) To address climate change and green energy demand, the company began exploring cooperation with an energy storage R&D firm in June 2023, forming GNW Capital Ltd. in September 2023, which commenced operations in December 2023 - To address climate change and global green energy market demand, the Group is exploring further development of financial services in China and global markets[27](index=27&type=chunk) - The Group began exploring cooperation with a professional energy storage R&D company in **June 2023**, reaching an agreement in **August 2023** to jointly develop the energy storage business[27](index=27&type=chunk) - GNW Capital was established in **September 2023** and officially commenced operations in **December 2023**[27](index=27&type=chunk) [Business Model and Products](index=4&type=section&id=Business%20Model%20and%20Products) GNW Capital employs an EPC model to design, develop, and contract manufacturing of industrial and commercial energy storage systems and batteries in China, leveraging cost competitiveness and advanced technology, with products distributed in South Africa and Australia - GNW Capital adopts an **EPC model** to design, develop, and contract manufacturers in China for industrial and commercial energy storage systems and batteries, leveraging the cost competitiveness and leading technology of the Chinese supply chain[28](index=28&type=chunk) - Products offer system integration services, are customizable to client specifications, generally have **higher safety than similar market products**, and some are **IP67 or IP56 certified**[28](index=28&type=chunk) - GNW Capital has **four contractors** for production and assembly, and **one distributor each** in South Africa and Australia[16](index=16&type=chunk) [Market Expansion and Outlook](index=4&type=section&id=Market%20Expansion%20and%20Outlook) The energy storage business currently focuses on South Africa and Australia, with plans to expand into Europe, and the Board is optimistic about its prospects due to China's supply chain advantages, global environmental policies, high overseas market growth, and product competitiveness - The energy storage business is currently applied in the **South African and Australian markets**, with plans to enter the **European market** once stable and mature[10](index=10&type=chunk) - The Board views the energy storage business prospects as bright, given China's supply chain cost advantages, global environmental policies, high growth potential in overseas markets, and the inherent competitiveness of GNW Capital's products[18](index=18&type=chunk) - In the coming years, GNW Capital will explore avenues to provide **financial services to energy storage system clients**[10](index=10&type=chunk) [Operating Performance and Funding](index=4&type=section&id=Operating%20Performance%20and%20Funding) The energy storage business recorded approximately RMB 5 million in revenue in FY2023, rapidly growing to over RMB 29.7 million by May 31, 2024, funded by internal group resources and partner contributions Energy Storage Business Revenue Performance | Indicator | Amount (RMB) | | :--- | :--- | | FY2023 Revenue | Approximately 5 million | | FY2024 Revenue (as of May 31) | Over 29.7 million | - Funding for the energy storage business comes from the Group's **internal resources** and **contributions from partners**[30](index=30&type=chunk) [Management and Professional Team](index=4&type=section&id=Management%20and%20Professional%20Team) The Board and senior management, after extensive research, hired a seasoned professional with over 14 years of industry experience to lead the energy storage business development and expansion, expecting significant benefits from their expertise and network - The Group has appointed a senior professional with **over 14 years of experience** in the relevant industry to oversee energy storage business operations, having served as an executive or CEO in Fortune 500 companies, Hong Kong-listed companies, and A-share listed companies[29](index=29&type=chunk) - This senior professional will be fully responsible for the development planning and business expansion of the energy storage system business, and the Board and management believe their experience, capabilities, and network will bring significant benefits to the company's energy storage business[29](index=29&type=chunk) [Conclusion](index=5&type=section&id=Conclusion) This section concludes the report by affirming the consistency of the supplementary information with the previously issued 2023 annual report [Statement of Report Consistency](index=5&type=section&id=Statement%20of%20Report%20Consistency) The content of this supplementary announcement does not affect the information disclosed in the 2023 annual report, and all other contents of the annual report remain unchanged except for the updates herein - The content of this announcement does not affect the information disclosed in the 2023 annual report; all other contents of the 2023 annual report remain unchanged except for the information disclosed herein[19](index=19&type=chunk)

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 19,846,000, a significant decrease of 77.6% compared to RMB 88,479,000 in 2022[8]. - The company experienced a pre-tax loss of RMB 44,896,000, which is an improvement from a loss of RMB 84,171,000 in the previous year, indicating a reduction in losses by 46.8%[8]. - The total assets of the company decreased to RMB 644,936,000 from RMB 739,547,000 in 2022, reflecting a decline of 12.8%[8]. - The company maintained a net asset value of RMB 292,107,000, down from RMB 336,857,000 in 2022, representing a decrease of 13.3%[8]. - The company reported a basic loss per share of RMB 0.06, an improvement from RMB 0.13 in 2022[8]. - The group's revenue for the year ended December 31, 2023, was approximately RMB 19.8 million, a decrease of about 77.6% compared to RMB 88.5 million in 2022[59]. - Net income from financing guarantee services was approximately RMB 13.3 million, down 21.3% from RMB 16.9 million in 2022[59]. - Revenue from non-financing guarantee services was approximately RMB 0.2 million, a decline from RMB 1.1 million in 2022[61]. - Revenue from financial advisory services was approximately RMB 0.2 million, down from RMB 0.6 million in 2022[63]. - Revenue from market pig sales was approximately RMB 1.2 million, significantly reduced from RMB 69.9 million in 2022[65]. - Other income decreased significantly from approximately RMB 14.5 million in 2022 to RMB 8.3 million in 2023, a decline of about 42.8%[70]. - The pre-tax loss reduced from approximately RMB 84.2 million in 2022 to RMB 44.9 million in 2023, a decrease of about RMB 39.3 million or approximately 46.7%[79]. - Operating expenses, including R&D costs, were approximately RMB 52.6 million in 2023, down from RMB 79.8 million in 2022[75]. - The income tax expense for the year ending December 31, 2023, was approximately RMB 0.8 million, a change of about 147.1% from a tax credit of approximately RMB 1.7 million in 2022[80]. Business Strategy and Development - The company is focusing on traditional business development while enhancing risk management strategies, adopting a "risk first, business second" approach[12]. - The company is actively exploring supply chain finance opportunities, particularly in the pig farming and energy storage sectors, to drive business innovation[15]. - The company aims to optimize its business structure and improve service quality through innovative thinking and professional technology in the fintech sector[12]. - The company will focus on "core business and diversified driving" strategies while maintaining risk management as a priority[18]. - The company plans to enhance its supply chain financial services and explore new growth points in the financing leasing sector[18]. - The company anticipates a gradual recovery in the live pig market but will cautiously assess market risks before resuming production[18]. - The company aims to accelerate the development of financial products related to the live pig industry chain to enhance its core competitiveness[18]. - The company will continue to explore international market opportunities in the energy storage supply chain, focusing on low-carbon transformation strategies[18]. - The group is committed to enhancing its agricultural breeding ecosystem to explore new cooperation potentials for sustainable development[47]. - The group aims to enhance its competitiveness and sustainable development capabilities by promoting traditional business growth and exploring new areas[95]. Risk Management - The group has adopted a "risk first, business second" strategy to ensure prudent and stable operations in the guarantee business, resulting in a slowdown compared to last year[47]. - The group has strengthened risk management and selectively developed traditional businesses, avoiding blind expansion[47]. - The group conducts a thorough credit risk assessment process, including background checks and financial evaluations of customers and counter-guarantors[32]. - The group emphasizes the customer's loan repayment ability and creditworthiness when considering guarantee applications, with collateral value serving as supplementary security[36]. - The group closely monitors clients' financial conditions and business operations to safeguard its interests in receivable default guarantee payments[45]. - The group conducts regular reviews of clients' financial data and operational status to assess their repayment capabilities[41]. - The group has implemented measures to recover receivable default guarantee payments in case of clients' financial deterioration[43]. - The group continuously monitors the Chinese operational and political environment to anticipate potential impacts on its business activities[111]. - The group is focused on enhancing its brand value to quickly adjust its business strategy in response to changes in the dynamic Chinese business environment[111]. Market and Economic Conditions - In 2023, China's GDP reached 12.606 trillion RMB, growing by 5.2% year-on-year, an acceleration of 2.2 percentage points compared to 2022[22]. - In 2023, RMB loans increased by 22.75 trillion RMB, a year-on-year increase of 1.31 trillion RMB[22]. - As of December 2023, the broad money supply (M2) amounted to 292.27 trillion RMB, growing by 9.7% year-on-year[22]. - The Hong Kong economy is projected to grow by 3.2% year-on-year in 2023, driven by various government measures to stimulate tourism and consumption[22]. - The global economic growth is projected to slow from 2.7% in 2023 to 2.4% in 2024, below the pre-pandemic growth rate of 3%[92]. - The group anticipates that the Hong Kong economy will continue to recover steadily, driven by the release of consumer demand and gradual trade recovery[94]. Share Options and Equity - The total number of shares available for issuance under the pre-IPO share option plan is 10,000,000 shares, representing approximately 1.81% of the issued shares[132]. - The exercise price for the options granted under the pre-IPO share option plan is set at HKD 1.90, which is approximately 17.4% lower than the midpoint of the indicative offer price range of HKD 2.30[136]. - The post-IPO stock option plan allows for a maximum issuance of 54,301,362 shares, representing approximately 9.83% of the company's issued shares as of the report date[146]. - The company has established a share option plan for directors, with 400,000 options granted to each director, excluding a non-executive director[181]. - The company has granted a total of 32,155,400 stock options on May 18, 2020, of which 31,755,400 remain after 400,000 were not accepted[156]. - The company has issued a total of 5,703,000 share options under the 2023 share option scheme, with none of these options being vested by the end of the reporting period[193]. - The company has a total of 31,455,400 stock options that were unexercised as of the reporting date[160]. - The company has not declared a final dividend for the year ending December 31, 2023, due to its development and operational considerations[117]. Customer Concentration - The company's top five customers accounted for 90.77% of total revenue for the year ending December 31, 2023, compared to 74.30% in 2022, with the largest customer contributing 43.33% of total revenue[196].

Revenue Performance - The total revenue for the year ended December 31, 2023, was RMB 19,846 million, a decrease of 77.6% compared to RMB 88,479 million in 2022[18]. - The company's revenue for the year ended December 31, 2023, was approximately RMB 19.8 million, a decrease of about 77.6% compared to RMB 88.5 million in 2022[142]. - Revenue from market pig sales was approximately RMB 1.2 million, a drastic decline from RMB 69.9 million in 2022[145]. - The group reported a total of 13,414 clients for financing guarantee services and 13 clients for non-financing guarantee services in 2023[100]. - Revenue from financing and non-financing guarantee services was approximately RMB 13.3 million and RMB 0.2 million, accounting for about 67% and 1% of the company's total revenue, respectively[100]. Financial Performance - The group reported a pre-tax loss of RMB 44,896 million for the year ended December 31, 2023, which is a 46.7% improvement from a loss of RMB 84,171 million in 2022[18]. - The company reported a net loss of RMB 45,690,000 for the year ended December 31, 2023, a decrease from a net loss of RMB 82,467,000 in 2022, representing a 44.6% improvement[37]. - The company reported a significant reduction in inventory losses, which were RMB 4,209,000 in 2023 compared to RMB 29,112,000 in 2022[85]. - The group reported a pre-tax loss reduction from approximately RMB 84.2 million in 2022 to approximately RMB 44.9 million in 2023, a decrease of about RMB 39.3 million or 46.7%[181]. Cost Management - Operating expenses, including R&D costs, were approximately RMB 52.6 million for the year ended December 31, 2023, down from RMB 79.8 million in 2022, reflecting a strong cost control strategy[4]. - Research and development expenses were RMB 1,025,000, down from RMB 1,370,000, indicating a 25.2% reduction[37]. - Employee costs totaled RMB 18,516,000 in 2023, a decrease from RMB 27,339,000 in 2022, reflecting a reduction in wages and benefits[84]. - Interest expenses for 2023 were RMB 12,194 thousand, significantly reduced from RMB 22,635 thousand in 2022, a decrease of approximately 46.1%[72]. Asset and Equity Position - The total assets as of December 31, 2023, were RMB 644,936 million, a decrease of 12.8% from RMB 739,547 million in 2022[18]. - The total equity as of December 31, 2023, was RMB 292,107 million, down 13.3% from RMB 336,857 million in 2022[18]. - The company’s total liabilities decreased to RMB 352,829,000 from RMB 402,690,000, a decline of 12.4%[39]. - The total trade receivables, net of impairment losses, were RMB 135,860,000 in 2023, down from RMB 203,618,000 in 2022[90]. Market Outlook and Strategy - The group anticipates a gradual recovery in the pig market due to slow market demand recovery and supportive policies, while maintaining a cautious approach to production[7]. - The company plans to cautiously evaluate market risks and gradually resume production as the pig market is expected to recover[146]. - The company aims to explore international energy storage supply chain business opportunities[112]. - The group plans to enhance its international energy storage supply chain business, focusing on markets in South Africa and Australia, aiming to provide high-quality and safe energy storage systems[192]. Risk Management - The company has implemented a rigorous credit risk assessment policy, including due diligence on clients and collateral to ensure repayment capabilities[103]. - The company is currently evaluating the potential impact of new accounting standards and interpretations, concluding that the adoption of these revisions is unlikely to have a significant impact on the consolidated financial statements[96]. - The company has adopted a "risk first, business second" strategy, leading to a slowdown in overall guarantee business compared to the previous year[109]. - The group has made provisions for impairment on guarantee receivables totaling approximately RMB 375.17 million, with a net value of RMB 298.75 million after adjustments[176]. Corporate Governance - The audit committee, established on October 18, 2013, is responsible for reviewing financial statements and overseeing internal control procedures and risk management[197]. - All directors confirmed compliance with the standards set forth in the company's code of conduct for the year ending December 31, 2023[195]. - The company granted a total of 31,755,400 share options in May 2020, with 650,000 options expired and 25,000,000 options cancelled by December 31, 2023, leaving 5,805,400 options outstanding[194].

智通财经APP讯，中国金融发展(03623)发布公告，集团预计截至2023年12月31日止年度的收益与2022年相比将减少约75%至79%，报告期间的亏损与2022年取得的亏损相比将减少约42%至48%。报告期间业绩变化的主要原因如下：报告期间收益减少的原因主要包括：(i)集团担保费收入净额较2022年有所下降，主要是因为集团于报告期间采取“风险第一，业务第二”的经营策略，严格把控风险，有选择性地开展传统担保业务，叠加合作机构产品结构变化的影响，业务整体较2022年有所减少;及(ii)市场生猪销售量较2022年同期大幅减少，主要是因为报告期间生猪市场高供给弱需求局面加剧，集团主动收缩生猪产量以尽量降低亏损。 报告期间亏损减少的原因主要包括：(i)报告期间集团减值损失准备计提较2022年大幅减少，主要是因为报告期间收回以前年度已计提拨备的较长账龄的应收账款;(ii)集团报告期间的经营开支较2022年有所减少，主要是因为淘汰猪只数量减少;(iii)截至报告期末，集团已按还款计划偿还了大部分可转换债券本金，集团的利息支出较2022年大幅减少;及(iv)报告期间集团以公允价值计量且其变动计入当期损益的金融资产公允价值 ...

Financial Performance - The group's revenue for the six months ended June 30, 2023, was approximately RMB 2.9 million, a decrease of about 93.8% compared to RMB 46.5 million for the same period in 2022[35]. - Net income from financing guarantee services was approximately RMB 1.6 million, down approximately 88.8% from RMB 14.3 million in the same period last year[35]. - Non-financing guarantee service revenue decreased by about 80.0% to approximately RMB 0.1 million, compared to RMB 0.5 million for the same period in 2022[36]. - Revenue from financial advisory services was approximately RMB 0.01 million, a significant drop from RMB 0.6 million in the previous year[37]. - Total net guarantee fee income decreased to RMB 1,763 thousand in 2023 from RMB 14,787 thousand in 2022, representing a decline of approximately 88.06%[141]. - The group reported a net income of RMB 1,775,000 for financial services, down from RMB 15,402,000 in the previous year, representing a decrease of approximately 88.5%[165]. - The financial services segment reported a loss of RMB 22,729 thousand in 2023 compared to a loss of RMB 60,320 thousand in 2022, showing an improvement of approximately 62.36%[149]. Market Conditions - The average pig feed price ratio in the national market fell below 5:1, entering a warning zone for excessive decline, indicating a challenging market environment for pig farming[34]. - The economic recovery in China showed a GDP growth of 5.5% year-on-year in the first half of 2023, despite facing multiple risks such as weak domestic demand[27]. - The outlook for the second half of 2023 indicates that the global economy remains constrained by high inflation risks and geopolitical factors, impacting recovery prospects[49]. - The macroeconomic outlook for the second half of 2023 indicates ongoing risks and uncertainties, including high inflation and geopolitical tensions, which may impact economic recovery[125]. Business Strategy - The Group actively adjusted its business strategy in response to the low prices in the pig market, reducing production to mitigate losses while awaiting a market turnaround[10]. - The Group's strategy emphasizes "risk first, business second," focusing on optimizing product and business structures to enhance financial services[32]. - The company plans to continue optimizing its business model and enhancing cooperation with financial institutions and technology companies to explore new potentials in traditional guarantee services[52]. - The company aims to leverage its financial service experience to develop supply chain financial services aligned with the energy storage industry, responding to global low-carbon transformation trends[52]. - The company will maintain a prudent approach to business development, focusing on risk control and optimizing product structure[55]. - The company plans to continue monitoring industry dynamics and policy directions to adapt its business strategy accordingly[64]. - The company aims to explore new fields and enhance its core competitiveness while maintaining prudent development of traditional businesses[103]. - The company is focusing on the renewable energy sector and aims to provide financial services that support green transformation and development[107]. - The company plans to continue focusing on expanding its financial services offerings in China, including guarantee services and financial consulting[143]. - The company is exploring new strategies for market expansion and product development to enhance its competitive position in the financial services sector[143]. Financial Position - As of June 30, 2023, total assets amounted to RMB 665,396,000, down from RMB 739,547,000 at the end of 2022[86]. - Total liabilities decreased from RMB 402,690,000 to RMB 364,540,000, indicating improved financial stability[86]. - Total equity decreased by 10.7% to RMB 300,856 thousand from RMB 336,857 thousand at the end of 2022[93]. - The company's capital-to-debt ratio increased from approximately 119.5% as of December 31, 2022, to about 121.2% as of June 30, 2023, primarily due to a decrease in total equity[122]. - Cash and bank deposits decreased to approximately RMB 130.4 million from RMB 158.4 million at the end of the previous year, a reduction of about RMB 28 million[120]. Employee and Operational Metrics - As of June 30, 2023, the company employed 38 full-time employees, with total employee costs (including director remuneration) amounting to approximately RMB 10.5 million[124]. - The group’s employee costs totaled RMB 10,492,000, down from RMB 14,239,000 in the previous year, marking a decrease of around 26.5%[173]. - The company emphasized the importance of maintaining good employee relations and providing competitive compensation packages, including various benefits[124]. Losses and Impairments - The group recorded a pre-tax loss primarily due to a significant decrease in net income from financing guarantee services and market pig sales compared to the same period last year[72]. - The company reported a net loss of RMB 34,898 thousand for the six months ended June 30, 2023, a decrease of 46.5% compared to RMB 65,281 thousand in the same period last year[93]. - The company recorded a net impairment loss of approximately RMB 0.3 million on receivables as of June 30, 2023, compared to an impairment of about RMB 24.5 million in the previous year[116]. - The group incurred a total loss of RMB 938,000 in provisions for guarantees, a significant reduction from RMB 58,644,000 in the previous year, reflecting a decrease of approximately 98.4%[173]. Government Support - The government grants received totaled RMB 2,514,000 to support the pig farming industry, with amortized government grants amounting to RMB 192,000 as of June 30, 2023[191]. - The company has received unconditional government subsidies aimed at compensating for support provided to small and medium-sized enterprises, contributing to revenue recognition upon receipt[192].

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） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 （人民幣千元） （人民幣千元） 變動百分比 收益 2,926 46,468 -93.7% 其他收益 2,709 8,546 -68.3% 除稅前虧損 (31,041) (67,841) -54.2% 期內虧損 (34,898) (65,281) -46.5% 期內全面虧損總額 (36,327) (67,898) -46.5% 每股基本虧損（每股人民幣元） (0.05) (0.11) -54.5% 於二零二三年 於二零二二年 六月三十日 十二月三十一日 （人民幣千元 ...

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） 二零二二年年報補充公告 茲提述中國金融發展（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至二零二 二年十二月三十一日止財政年度（「2022財年」）的2022年度報告。除非另有說明，否則此處使用的 定義應與2022年年度報告中的含義相同。 本公告旨在為2022年年度報告提供有關2022財年確認的減值損失的補充信息。 相關方A至F的擔保協議詳情 相關方 擔保協議詳情 相關方A,B,D及E 相關方A和B與本集團簽訂了擔保協議，分別從中國的一家商業銀行獲得本金為 人民幣15百萬元的貸款，期限為12個月。本集團有權獲得相應貸款額度的年化 0.5%的擔保費。 相關方D和E與本集團簽訂了擔保協議，分別從中國的一家商業銀行獲得本 ...