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內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited 何志康 香港，二零二五年七月二十九日 於本公告日期，董事會包括兩名執行董事何志康先生及張天德先生；一名非執行董事羅嘉榮 先生；及三名獨立非執行董事李濤先生、譚德機先生及陳雲霞女士。 應 中 國 新 零 售 供 應 鏈 集 團 有 限 公 司（「本公司」）的 要 求，本 公 司 股 份 自 二 零 二五年七月二十九日上午九時正起在香港聯合交易所有限公司暫停買賣，以 待根據香港公司收購及合併守則刊發構成本公司內幕消息之公告。 承董事會命 中國新零售供應鏈集團有限公司 主席兼執行董事 （股份代號：3928） （前稱 S&T Holdings Limited ） （於開曼群島註冊成立的有限公司） 暫停買賣 ...

1. 铜库存94675吨，减少1200吨。 2. 铝库存339900吨，减少1075吨。 3. 镍库存203928吨，减少216吨。 4. 锌库存123450吨，减少2450吨。 5. 铅库存277375吨，减少3650吨。 6. 锡库存2180吨，增加35吨。 金十期货6月24日讯，伦敦金属交易所（LME）有色金属库存及变化如下： LME有色金属库存日报 ...

China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 (formerly known as S&T Holdings Limited) （前稱 S&T Holdings Limited ） (Incorporated in the Cayman Islands with limited liability) ) If you wish to receive the Current Corporate Communications in printed form, please complete the Request Form on the reverse side and return it to the Company c/o Boardroom Share Registrars (HK) Limited (the "Hong Kong Branch Share Registrar") by using the mailing label at the bottom of the Request Form (no need to a ...

China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 (formerly known as S&T Holdings Limited) （前稱 S&T Holdings Limited ） (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立的有限公司 ) (Stock Code 股份代號: 3928) N OT IF IC ATI ON LET TE R 通 知 信 函 Dear Registered Shareholder, 20 June 2025 China Next-Gen Commerce and Supply Chain Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communications") The English and Chinese versions of the Company ...

Financial Performance - Total revenue for the six months ended March 31, 2025, was SGD 31,956,119, an increase of 35.5% compared to SGD 23,625,588 for the same period in 2024[10] - Service revenue reached SGD 31,678,591, up 35.8% from SGD 23,344,088 year-over-year[10] - The company reported a net profit of SGD 413,129, compared to SGD 251,515 for the same period last year, reflecting a growth of 64.3%[10] - Basic and diluted earnings per share increased to SGD 0.09 from SGD 0.05, marking an 80% increase[10] - The group's profit before tax rose to SGD 413,129 in 2025, compared to SGD 251,515 in 2024, reflecting a growth of 64.3%[40] - The net profit for the first half of fiscal year 2025 rose to approximately 0.4 million SGD, an increase of about 0.1 million SGD from 0.3 million SGD in the first half of fiscal year 2024[72][73] Revenue Breakdown - Total revenue from customer contracts for the six months ended March 31, 2025, was SGD 31,678,591, an increase of 35.8% from SGD 23,344,088 in 2024[27] - The revenue from construction services, particularly civil engineering, rose to SGD 31,523,136, compared to SGD 21,282,599 in the previous year, marking an increase of 48.2%[27] - Revenue for the construction services segment increased to SGD 31,678,591 in 2025 from SGD 23,344,088 in 2024, representing a growth of 35.8%[30] - The construction services accounted for 99.1% of total revenue in the first half of fiscal year 2025, with civil engineering contributing 98.6%[77] Expenses and Costs - The service costs rose by approximately 8.2 million SGD or about 39.2% to approximately 29.1 million SGD in the first half of fiscal year 2025, aligning with the revenue increase[82] - The group's administrative expenses remained stable at approximately SGD 2.6 million for both the first half of FY2025 and FY2024[86] - The group experienced a significant increase in subcontracting costs, which rose to SGD 15,847,512 in 2025 from SGD 7,928,316 in 2024, an increase of 99.5%[40] Assets and Liabilities - Total assets as of March 31, 2025, were SGD 35,105,291, down from SGD 40,316,981 as of September 30, 2024[11] - Current liabilities decreased to SGD 28,989,138 from SGD 35,184,100, indicating improved liquidity[11] - The company's net asset value increased to SGD 27,587,982 from SGD 27,174,853, showing a positive trend in equity[13] - The company's total liabilities increased significantly, with bank borrowings amounting to SGD 7,230,190, compared to SGD 6,079,692 in the previous year, indicating a rise of approximately 18.9%[17] Cash Flow and Financing - The operating cash flow before changes in working capital was SGD 2,669,977, up from SGD 2,376,155 in the previous year, indicating a growth of approximately 12.3%[16] - The net cash used in financing activities was SGD 4,471,112, significantly higher than SGD 1,579,681 in the previous year, indicating increased financial outflows[17] - The cash and cash equivalents at the end of the period decreased to SGD 4,648,282 from SGD 8,546,790, reflecting a decline of approximately 45.5%[17] - The company's interest expenses decreased to SGD 361,629 from SGD 454,307, showing a reduction of approximately 20.3%[17] Investment Properties and Future Plans - The company has maintained its investment properties at SGD 11,460,000, indicating stability in its asset base[11] - The fair value of investment properties increased to 11,460,000 SGD as of March 31, 2025, up from 10,550,000 SGD as of September 30, 2023, marking an increase of about 8.6%[47] - The group has a strategy to continuously build a portfolio of investment properties to provide stable and recurring income, while also diversifying risks associated with the construction industry[106] - The company plans to continue expanding its service offerings and exploring new market opportunities to drive future growth[9] Employee and Governance - Employee costs for the first half of the fiscal year 2025 amounted to approximately S$4.4 million, an increase from S$3.8 million in the same period of fiscal year 2024[110] - The group employs 191 staff as of March 31, 2025, compared to 182 staff a year earlier[110] - The company has complied with the corporate governance code as per the listing rules during the first half of the 2025 financial year[121] Shareholder Information - The board members hold a combined 75% equity interest in the company through controlled entities, with 360,000,000 shares held by Alpine Treasure Limited[115] - Alpine holds 75% of the company's shares, with Mr. He directly owning 80% and Mr. Zhang indirectly owning 20% through his holding company[116] - As of March 31, 2025, Alpine holds 360,000,000 shares, representing 75% of the issued share capital[117] Risk and Compliance - The group faces foreign exchange risk due to holding approximately SGD 3.5 million in bank balances denominated in Hong Kong dollars as of March 31, 2025[99] - The audit committee reviewed the unaudited interim results for the first half of the 2025 financial year and confirmed compliance with applicable accounting standards[123]

Financial Performance - Total revenue for the six months ended March 31, 2025, was SGD 31,956,119, representing an increase of 35.4% compared to SGD 23,625,588 for the same period in 2024[4] - Service revenue increased to SGD 31,678,591, up 35.8% from SGD 23,344,088 year-on-year[4] - Gross profit for the period was SGD 2,839,602, slightly up from SGD 2,753,475, indicating a gross margin improvement[4] - The company reported a pre-tax profit of SGD 413,129, compared to SGD 251,515 in the previous year, reflecting a growth of 64.3%[4] - Basic and diluted earnings per share increased to SGD 0.09 from SGD 0.05, marking an 80% increase[4] - Total segment revenue for construction services was SGD 31,678,591, while property investment revenue was SGD 277,528, leading to total segment revenue of SGD 31,956,119[17] - The company incurred financing costs of SGD 361,629 for the six months ended March 31, 2025, down from SGD 454,307 in the previous year, reflecting a 20.3% decrease[23] - The total employee costs, including directors' remuneration, amounted to SGD 4,415,112, an increase from SGD 3,824,963 in the previous year, representing a 15.4% rise[24] - Other income decreased to SGD 102,767 for the six months ended March 31, 2025, from SGD 217,231 in the same period of 2024, indicating a 52.7% decline[22] - The company did not declare any dividends for the six months ended March 31, 2025, nor for the period following this date[25] Assets and Liabilities - Non-current assets totaled SGD 28,217,793, a decrease from SGD 29,330,320 as of September 30, 2024[5] - Current liabilities decreased to SGD 28,989,138 from SGD 35,184,100, indicating improved liquidity[5] - The company's net asset value increased to SGD 27,587,982 from SGD 27,174,853, showing a positive trend in equity[6] - As of March 31, 2025, the total value of trade receivables is SGD 7,189,863, a decrease from SGD 8,299,673 as of September 30, 2024, reflecting a decline of approximately 13.4%[33] - Contract assets amount to SGD 20,845,505 as of March 31, 2025, down from SGD 23,781,688 as of September 30, 2024, representing a decrease of about 12.9%[36] - The company's total liabilities related to contract assets decreased to SGD 14,588,917 as of March 31, 2025, down from SGD 19,882,389 as of September 30, 2024, indicating a reduction of about 26.7%[36] - The group's trade payables as of March 31, 2025, were SGD 5,354,493, down from SGD 7,067,901 as of September 30, 2024, indicating a reduction of about 24.2%[40] - The total liabilities, including bank overdrafts and borrowings, decreased from SGD 16,333,778 as of September 30, 2024, to SGD 12,607,518 as of March 31, 2025, reflecting a decline of approximately 22.7%[41] - The group's lease liabilities totaled SGD 1,847,588 as of March 31, 2025, compared to SGD 2,230,811 as of September 30, 2024, showing a decrease of around 17.2%[42] Operational Highlights - The company operates primarily in Singapore, with 100% of its revenue generated from this market for the six months ended March 31, 2025[21] - The group continues to focus on expanding its construction services and property investment segments, aiming for further growth in the upcoming periods[13] - The construction services segment generated revenue of 31.678 million SGD in FY2025, accounting for 99.1% of total revenue, compared to 23.344 million SGD or 98.8% in FY2024[55] - The expected nominal value of total construction demand in Singapore for 2025 is projected to be between 47 billion SGD and 53 billion SGD, with real value demand estimated between 35 billion SGD and 39 billion SGD, reflecting a growth of 0.3% to 11.7% compared to pre-COVID levels[53] - The company plans to enhance productivity, technical capabilities, financial management, and team skills to strengthen its core competencies and adapt to changing market demands[53] Employee and Management Costs - The remuneration for directors and key management personnel for the six months ended March 31, 2025, was SGD 599,800, significantly higher than SGD 130,400 for the same period in 2024[45] - The group employed 191 employees as of March 31, 2025, with total employee costs amounting to approximately SGD 4.4 million for the first half of the fiscal year, compared to SGD 3.8 million in the same period last year[80] Investment and Capital Structure - The company holds significant investments in properties, with a total investment cost of approximately SGD 8.12 million and a fair value of approximately SGD 11.46 million, representing 18.1% of total assets as of March 31, 2025[76] - The group has a total investment cost of SGD 4,985,271 and a fair value of SGD 4,250,000 for its major investment property, representing 6.7% of the group's total assets[77] - The debt-to-equity ratio improved to approximately 52.4% as of March 31, 2025, compared to approximately 68.3% as of September 30, 2024[70] - The company had total bank borrowings and lease liabilities of approximately SGD 14.5 million as of March 31, 2025, down from approximately SGD 18.6 million as of September 30, 2024[68] Governance and Compliance - The group has complied with the corporate governance code as per the listing rules during the first half of the fiscal year[84] - The audit committee reviewed the group's unaudited interim results for the first half of the fiscal year and found them to comply with applicable accounting standards and regulations[87] - The company has not conducted any significant post-reporting period events following March 31, 2025[83]

中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited 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內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：3928） （前稱 S&T Holdings Limited ） （於開曼群島註冊成立的有限公司） 董事會會議日期 中國新零售供應鏈集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈將於二零二五年五月三十日（星期五）舉行董事會會議，藉以審議及批准（其 中包括）本公司及其附屬公司截至二零二五年三月三十一日止六個月之中期業 績以及派付中期股息（如有）。 中國新零售供應鏈集團有限公司 主席兼執行董事 何志康 於本公告日期，執行董事為何志康先生及張天德先生；非執行董事為羅嘉榮先生；及獨立非 執行董事為李濤先生、譚德機先生及陳雲霞女士。 承董事會命 香港，二零二五年五月十三日 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited （股份代號：3928） （前稱 S&T Holdings Limited ） （於開曼群島註冊成立的有限公司） 中國新零售供應鏈集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈，自二零二五年三月三十一日起，本公司的香港總部及主要營業地點之地 址將更改為香港灣仔軒尼詩道139號中國海外大廈12樓A室。本公司的電話號碼、 傳真號碼及網站均維持不變。 承董事會命 於本公告日期，執行董事為何志康先生及張天德先生；非執行董事為羅嘉榮先生；及獨立非 執行董事為李濤先生、譚德機先生及陳雲霞女士。 香港，二零二五年三月三十一日 中國新零售供應鏈集團有限公司 主席兼執行董事 何志康 更改香港總部及主要營業地點之地址 ...

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內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited （股份代號：3928） （前稱 S&T Holdings Limited ） （於開曼群島註冊成立的有限公司） 更換公司秘書及授權代表 中國新零售供應鏈集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈， 馮美玲女士（「馮女士」）已提呈辭任本公司的公司秘書（「公司秘書」），並不再 擔任香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第3.05條 之本公司授權代表、香港法例第622章公司條例第16部代表本公司接收法律程 序文件及通知之本公司授權代表，以及上市規則第19.05(2)條代表本公司接收 法律程序文件及通知之授權人士（統稱「授權代表」），全部均自二零二五年三 月三十一日起生效。 中國新零售供應鏈集團有限公司 主席兼執行董事 何志康 香港，二零二五年 ...

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內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 – 2 – 中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited （股份代號：3928） （前稱 S&T Holdings Limited ） （於開曼群島註冊成立的有限公司） 於二零二五年三月十四日舉行之 股東週年大會之投票表決結果 中 國 新 零 售 供 應 鏈 集 團 有 限 公 司（「本公司」）欣 然 宣 佈，於 二 零 二 五 年 三 月 十四日舉行之本公司股東週年大會（「股東週年大會」）上提呈之所有決議案已 以投票表決方式獲正式通過。 本公司全體董事（即何志康先生、張天德先生、羅嘉榮先生、李濤先生、譚德 機先生及陳雲霞女士）均已出席股東週年大會。股東週年大會之投票表決結果 如下： | | 普通決議案 | 票數(%) | | | --- | --- | --- | --- | | | | 贊成 | 反對 | | 1. | 省 ...