承董事會命 盛業控股集團有限公司 SY HOLDINGS GROUP LIMITED 盛業控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6069） 董事會會議通告 盛業控股集團有限公司（「本公司」）董事會（「董事會」）茲通告謹定於2025年3月17日（星 期 一）舉 行 董 事 會 會 議，以 考 慮 及 通 過 本 公 司 及 其 附 屬 公 司 截 至2024年12月31日 止 年 度 的 綜 合 全 年 業 績 及 其 發 佈，及 考 慮 派 發 末 期 股 息 之 建 議（如 有）。 香港交易及結算所有限公司以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。 本公告中英文版本如有任何不一致之處，概以英文版本為準。 B_table indent_4.5 mm N_table indent_4 mm Tung Chi Fung 主 席 香港，2025年3月3日 於本公告日期，董事會包括兩名執行董事：Tung Chi Fung先生及王瑩女士；一名非 執行董 ...

香港交易及結算所有限公司以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。 SY HOLDINGS GROUP LIMITED 盛業控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6069） 自願性公告 全面接入DeepSeek大 模 型，探 索「AI+產業供應鏈」 的創新應用 本 公 告 乃 由 盛 業 控 股 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）自 願作出。 – 1 – B_table indent_4.5 mm N_table indent_4 mm 深度融合AI技 術 於 供 應 鏈 金 融「反 欺 詐」 DeepSeek大模型在供應鏈金融「反欺詐」中展現出獨特的適配性，與本集團「重交易、 輕主體」的風控理念高度契合。盛易通雲平臺藉助DeepSeek強大的數據處理和邏輯 推理等能力，可快速解析合同、交易單據、到貨視頻、輿情信息等海量非結構化數 據，並 對 這 些 多 維 度 數 據 展 開 深 度 挖 掘 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 13.42 HKD, representing a potential upside of over 20% from the current price of 8.1 HKD [6][5]. Core Insights - The company is expected to achieve a net profit of 371 million CNY in 2024, reflecting a year-on-year increase of approximately 30%, indicating the success of its new platform-based development strategy [1]. - The revenue from platform technology services has significantly increased, accounting for about 40% of total revenue in 2024, up from 18% in 2023, showcasing the effectiveness of the company's platformization strategy [2]. - The company has established strong partnerships with over 138 funding partners, marking a growth of 13.1%, and is poised for rapid replication of its successful joint venture model with state-owned enterprises [2]. - The company anticipates deep cooperation with over 10 core state-owned enterprises across various industries, including infrastructure and healthcare, with a projected 180% year-on-year increase in daily average balance of platform services [3]. - The company is expanding its business into new sectors, such as e-commerce supply chain services, while maintaining rapid growth in its existing operations, which is expected to create new revenue streams [4]. Summary by Sections Financial Performance - The company forecasts revenue for FY2024 to be adjusted to 941 million CNY, with net profit estimates revised to 347 million CNY, reflecting strong growth expectations [5]. Market Position - The company is well-positioned in the supply chain technology sector, with robust customer acquisition and risk management capabilities, which are expected to drive future growth [5]. Strategic Development - The company is focusing on enhancing its service capabilities to support the real economy, particularly in inclusive finance, and aims to expand its service scale and supply chain asset size [3][4].

正面盈利預告 本 公 告 乃 由 盛 業 控 股 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09條及香港法例第571 章證券及期貨條例第XIVA部 項 下 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 作 出。 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 向 本 公 司 股 東（「股 東」）及 有 意 投 資 者 報 告， 根據本公司目前可得資料及對本公司截至2024年12月31日止年度未經審核綜合管 理 賬 目 的 初 步 評 估，預 計 本 公 司 截 至2024年12月31日止年度的溢利較截至2023年 12月31日止年度增加超過30%。預期增加主要由於： 香港交易及結算所有限公司以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。 SY HOLDINGS GROUP LIMITED 盛業控股集團有限公司 （於開曼 ...

SY HOLDINGS GROUP LIMITED 盛業控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6069） 可持續發展委員會－職權範圍 於2024年11月29日 經 本 公 司 董 事 會（「董事會」）批 准。 任何該等成員須就存在該等利益的委員會決議案放棄投票，亦須放棄參與有 關 該 等 決 議 案 的 討 論，（如 董 事 會 要 求）甚 或 辭 去 委 員 會 職 務。 – 1 – B_table indent_4.5 mm N_table indent_4 mm 1. 成 員 1.1 可 持 續 發 展 委 員 會（「委員會」）由 董 事 會 不 時 委 任 的 董 事 組 成，人 數 不 少 於三名。 1.2 委員會主席由董事會委任，並由執行董事擔任。 1.3 委員會成員之任期須由董事會釐定。董事會可撤回委員會成員的委任。 倘委員會成員不再為董事會成員，則該成員的委任將自動撤回。 1.4 除 非 委 員 會 另 行 委 任，否 則 公 司 秘 書 為 委 員 會 秘 書。倘 公 司 秘 書 缺 席， 則委員會其中一名成員或其代理人須擔任秘書。 1.5 各成員須向委員會披露以下 ...

董事名單與其角色和職能 自2024年11月29日 起，盛 業 控 股 集 團 有 限 公 司 董 事 會（「董事會」）成 員 載 列 如 下： 執行董事 Tung Chi Fung （主席） 王 瑩 非執行董事 SY HOLDINGS GROUP LIMITED 盛業控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6069） 獨立非執行董事 主席－相關董事委員會的主席成員 成員－相關董事委員會的成員 Fong Heng Boo 鄧景山 陳玉英 孫偉勇 董 事 會 成 立 四 個 董 事 委 員 會。下 表 提 供 各 董 事 會 成 員 在 有 關 董 事 委 員 會 中 所 擔 任 的職位。 | | 董事委員會 | 審核委員會 | 提名委員會 | 薪酬委員會 | 可持續委員會 | | --- | --- | --- | --- | --- | --- | | 董 事 | | | | | | | Tung Chi Fung | | – | 主 席 | 成 員 | – | | 王 瑩 | | – | – | – | 主 席 | | 盧偉雄 | | 成 員 | – | – | 成 員 | | Fo ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 SY HOLDINGS GROUP LIMITED 王女士 盛業控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6069） (I) 委任執行董事； (II) 獨立非執行董事辭任； (III) 董事委員會組成變更； (IV) 成立可持續委員會及委任委員會成員；及 (V) 根據購股權計劃授出購股權 本 公 告 由 盛 業 控 股 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則（「上市規則」）第13.51(2)條及第 17.06A條作出。 (I) 委任執行董事 本公司董事（「董事」）會（「董事會」）謹此宣佈，自2024年11月29日起，王瑩女士（「王 女 士」）已 獲 委 任 為 本 公 司 執 行 董 事。 – ...

Summary of the Conference Call Company Overview - The company operates in the supply chain finance sector as a technology platform, having assisted over 17,000 small and micro enterprises in obtaining financial services exceeding 210 billion RMB [1][2]. - The company aims to enhance supply chain efficiency and reduce financial costs through a digital ecosystem tailored for small and medium enterprises [2]. Core Business Model - The company started as a factoring company in 2013 and has evolved into a supply chain platform, focusing on breaking the limitations of traditional on-balance sheet funding [3][4]. - The current business model integrates technology to provide more accessible financial services to small and micro enterprises, with a focus on three major industries: infrastructure, pharmaceuticals, and energy [4][5]. Financial Performance - The company reported a supply chain asset balance of 23.9 billion RMB, with a year-on-year increase of 70% [19]. - The platform's technology service revenue is expected to reach 50% by 2025, with a current mid-year share of 35% [7][19]. - The company maintains a low bad debt ratio of less than 1% over the past ten years, with a commitment to a 90% dividend payout ratio for the next three years [19][20]. Strategic Partnerships and Growth - The company has established partnerships with several state-owned enterprises and financial institutions, enhancing its funding capabilities [2][17]. - The company is expanding into e-commerce and renewable energy sectors, collaborating with platforms like Douyin and Pinduoduo [17][28]. Risk Management - The company employs a differentiated risk control logic, focusing on the authenticity and reasonableness of accounts receivable, which allows it to serve clients who may not qualify for traditional bank loans [9][12]. - The risk control framework includes continuous monitoring and validation of data from various sources, ensuring a robust assessment of financial assets [12][13]. Future Outlook - The company anticipates steady growth in supply chain asset management, with a focus on maintaining high-quality assets while expanding its funding sources [26][29]. - The management has set a conservative growth estimate of over 10% annually for the next few years, with a focus on enhancing the quality of supply chain assets [29]. Key Takeaways - The company is positioned as a leading player in the supply chain finance sector, leveraging technology to provide innovative financial solutions [20]. - The commitment to high dividend payouts and a strong growth trajectory makes the company an attractive investment opportunity [20][31]. - The strategic partnerships and expansion into new markets are expected to drive future growth and stability [17][19].

Financial Performance - As of June 30, 2024, the platform has accumulated over 16,700 clients, with a supply chain asset scale of approximately 216 billion yuan, representing a year-on-year growth of about 22.8% and 22.0% respectively[10]. - The adjusted net profit for the first half of 2024 reached 1.166 billion yuan, with digital financial solutions revenue of approximately 275 million yuan, and an average daily supply chain asset balance of about 20.429 billion yuan, reflecting a year-on-year increase of approximately 61.7%[10]. - The group's main business revenue decreased by 11.9% year-on-year to RMB 436.1 million for the six months ended June 30, 2024, down from RMB 494.8 million in the same period last year[14]. - Net profit for the first half of 2024 was RMB 165.1 million, a decrease of RMB 21.9 million or 11.7% from RMB 187.0 million in the same period of 2023[21]. - Adjusted net profit decreased by 11.8% to RMB 166.0 million in the first half of 2024 from RMB 188.3 million in the same period of 2023[22]. - The company reported a significant increase in investments in associates, rising to RMB 1,352,130 thousand from RMB 582,968 thousand, which is an increase of 132.9%[98]. - The company reported a total comprehensive income of RMB 194,712,000 for the six months ended June 30, 2024, compared to RMB 181,089,000 for the same period in 2023, indicating an increase of about 7.5%[102]. Revenue Breakdown - Revenue from platform technology services was approximately 154 million yuan, a year-on-year increase of about 82.9%, accounting for 35.3% of total revenue[10]. - Revenue from platform technology services increased significantly by 82.9% year-on-year to approximately RMB 153.8 million, driven by the expansion of inclusive matching services[16]. - Revenue from digital financial solutions decreased by 22.5% year-on-year to RMB 275.0 million, primarily due to the classification of Wuxi Guojin as a joint venture in February 2024[17]. - Revenue from the sale of supply chain assets dropped by 87.0% year-on-year to RMB 7.2 million, attributed to a decrease in the amount of sold supply chain assets[18]. - Other income increased by 331.7% year-on-year to RMB 27.2 million, mainly due to gains from fair value adjustments of financial assets and liabilities[19]. Expenses and Costs - Total operating expenses rose by 5.5% year-on-year to RMB 108.2 million, primarily due to an increase in employee costs by RMB 8.7 million[20]. - Employee costs amounted to RMB 69.1 million, reflecting a 14.3% increase compared to RMB 60.5 million in the previous year[20]. - The company’s financing costs decreased to RMB 185.4 million from RMB 200.0 million, a reduction of 7.9%[96]. - The company incurred a net cash outflow from investing activities of RMB 199,871,000 for the six months ended June 30, 2024, a slight improvement from RMB 217,709,000 in the same period of 2023[104]. Assets and Liabilities - As of June 30, 2024, the group's cash and cash equivalents amounted to RMB 741.1 million, up from RMB 658.2 million as of December 31, 2023[39]. - The total value of supply chain assets measured at fair value was RMB 5,720.3 million, a decrease of 28.9% year-on-year[26]. - Borrowings, including related party loans, amounted to RMB 5,874.8 million, a decrease of 10.6% year-on-year[30]. - The company's total liabilities amounted to RMB 364,505,000, an increase from RMB 294,752,000 as of December 31, 2023, representing a growth of approximately 23.6%[169]. - The company's total borrowings as of June 30, 2024, were RMB 3,039,825,000, a significant decrease from RMB 6,219,986,000 as of December 31, 2023, representing a decline of approximately 51.1%[177]. Strategic Initiatives - The company continues to focus on strategic partnerships with core enterprises to enhance its supply chain technology platform, targeting key industries such as infrastructure, pharmaceuticals, and commodities[38]. - The company plans to strengthen its presence in emerging industries such as cross-border e-commerce and energy storage, while deepening collaborations with core enterprises in these sectors[38]. - The company aims to maintain its industry-leading position by leveraging technology and investing in research and development to enhance risk control and drive sustainable growth[38]. - The company actively supports the national credit system construction and has received recognition for its data quality work from the People's Bank of China[12]. Shareholder and Equity Information - The company did not recommend any interim dividend for the period ending June 30, 2024, consistent with the previous period[40]. - The company successfully issued a total of 63,068,000 new shares at a price of HKD 8.80 per share, raising approximately HKD 550.8 million (equivalent to about RMB 456.2 million)[40]. - The company has diluted its indirect equity interest in Wuxi Guojin from 80% to 49% due to a capital increase agreement with Wuxi Taihu New City Asset Management Co., amounting to RMB 569.4 million[48]. - The company has a total of 444,500 unissued treasury shares as of June 30, 2024, compared to 225,000 shares as of December 31, 2023[181]. Research and Development - Research and development investment totaled approximately 223 million yuan, with 68 national invention patents and software copyrights held[10]. - The company is committed to investing in key strategic areas, particularly in industrial digitalization and digital finance, to strengthen its platform technology services[49]. - Research and development costs for the period were RMB 8,458,000, up from RMB 7,211,000 in 2023, marking an increase of about 17.3%[128]. Compliance and Governance - The independent auditor, Deloitte, confirmed that the financial statements were prepared in accordance with applicable accounting standards and regulations[95]. - The company has complied with the corporate governance code since its listing date and continues to uphold high standards of corporate governance[89]. - The company is actively participating in mandatory provident fund schemes in both Hong Kong and Singapore, ensuring compliance with local regulations[52].

Investment Rating - The report maintains a "Buy-A" investment rating for the company [2] Core Views - The company reported a main business revenue of 436 million yuan for the first half of 2024, a year-on-year decrease of 12%, while platform technology service revenue surged by 83% to 154 million yuan, accounting for 35% of total revenue [1] - Strategic cooperation with Taihu New City Group is expected to accelerate the company's transformation, despite a 22% decline in digital financial solutions revenue to 275 million yuan due to changes in ownership structure [1] - The company is optimistic about leveraging fintech to enhance its service capabilities for the real economy, which is anticipated to drive continued business growth [1] Summary by Sections Financial Performance - In H1 2024, the company achieved a net profit of 166 million yuan, down 12% year-on-year, with earnings per share of 0.16 yuan, a decrease of 11% [1] - The total processed supply chain asset scale reached approximately 216 billion yuan, reflecting a year-on-year increase of 22% [1] Strategic Developments - The partnership with Taihu New City Group led to a reduction in the company's stake in Wuxi Guojin from 80% to 49%, resulting in a short-term decline in operating revenue, total assets, and net assets [1] - The strategic cooperation aims to enhance platform service revenue and optimize the company's business structure, improving return on equity [1] Future Outlook - The report projects earnings per share (EPS) for 2024, 2025, and 2026 to be 0.30 yuan, 0.36 yuan, and 0.43 yuan respectively, with a target price of 7.32 HKD based on a price-to-book ratio of 1.6x for 2024 [1][2]