Financial Performance - Revenue for 2024 reached RMB 1,551,043 thousand, representing a 32.7% increase from RMB 1,168,451 thousand in 2023[13] - Gross profit for the year was RMB 426,189 thousand, up 12.1% from RMB 380,173 thousand in the previous year[13] - The net cash generated from operating activities was RMB 419,945 thousand, a significant increase of 98.4% compared to RMB 211,709 thousand in 2023[13] - The adjusted net loss (non-IFRS measure) improved to RMB 53,717 thousand, a reduction of 33.0% from RMB 80,151 thousand in the prior year[13] - The adjusted EBITDA (non-IFRS measure) increased by 56.1% to RMB 7,129 thousand from RMB 4,567 thousand in 2023[13] - The company reported a net loss of RMB 68.7 million for 2024, a significant improvement from a loss of RMB 469.6 million in 2023[17] - Adjusted net loss (non-IFRS measure) for 2024 was RMB 53.7 million, down from RMB 80.2 million in 2023, reflecting a 33.1% improvement[19] - Revenue for 2024 reached RMB 1.6 billion, representing a 32.7% increase compared to the previous year[23] - The gross profit for 2024 was RMB 426.2 million, showing a year-on-year growth of 12.1%[23] - Adjusted EBITDA (non-IFRS measure) for 2024 was RMB 7.1 million, up 56.1% from RMB 4.6 million in 2023[23] - Total GMV for 2024 was RMB 188.0 billion, a decrease of 3.8% from RMB 195.5 billion in 2023[35] - Gross profit margin for 2024 was 27.5%, down from 32.5% in 2023[37] - Revenue for continuing operations increased by 32.7% to RMB 1,551.0 million in 2024 from RMB 1,168.5 million in 2023[38] - Revenue from transaction support services decreased by 15.1% to RMB 432.1 million in 2024 from RMB 509.0 million in 2023[43] - Revenue from technology subscription services decreased by 16.9% from RMB 34.0 million in 2023 to RMB 28.3 million in 2024, primarily due to a reduction in events and conferences held with business partners[44] - Total revenue cost rose by 42.7% from RMB 788.3 million in 2023 to RMB 1,124.9 million in 2024, consistent with revenue growth[51] - Gross profit increased by 12.1% from RMB 380.2 million in 2023 to RMB 426.2 million in 2024, while overall gross margin decreased from 32.5% to 27.5%[53] Operational Highlights - The company aims to expand its platform services to include more industrial goods beyond steel, enhancing user stickiness[10] - The logistics platform "Fat Cat Logistics" has become the largest third-party steel terminal logistics service provider in China[10] - The company issued nearly RMB 200 billion in value-added tax invoices in 2024, indicating strong transaction volume[10] - The company’s steel trading platform registered over 15,000 suppliers and 183,000 customers, covering over 630,000 SKUs[23] - The total transaction volume for the steel trading business reached RMB 187.6 billion in 2024[23] - The trading platform's profitability significantly improved, with transaction service revenue increasing by 11.4% and the average commission per ton rising from RMB 5.1 to RMB 5.6, leading to a 28.8% growth in gross profit for SME trading solutions[25] - International business revenue surged from RMB 221.1 million in 2023 to RMB 593.3 million in 2024, marking a 168.4% year-on-year increase, with international transaction volume growing by 174.5%[26] - The non-steel sector's transaction business generated a GMV of RMB 408.4 million, a 192.7% increase compared to 2023, with 371 suppliers and 1,728 customers engaged[29] - The logistics business gross profit increased from RMB 26.2 million to RMB 34.8 million, representing a year-on-year growth of 32.8%[25] Technology and Innovation - The company is leveraging AI technology to improve supplier information processing and transaction efficiency[9] - AI technology has been fully integrated into operations, with the AI trading assistant processing over 10 million messages daily and achieving a 95% accuracy rate in transaction matching[32] - The company’s AI capabilities have improved internal efficiency, generating over 140,000 business documents and processing more than 4.4 million transactions[33] - The company has established a digital trading platform that significantly enhances transaction efficiency and reduces human involvement through its logistics fulfillment network and technology management tools[131] Strategic Initiatives - Following its successful listing in Hong Kong in March, the company is focused on increasing market recognition and understanding[11] - The company aims to strategically consolidate and expand its operations in 2024, marking a key year for growth[22] - The company plans to continue optimizing its logistics business structure, focusing on lower-cost but higher-margin short-distance transportation services[56] - The company aims to optimize supply chain management and enhance market competitiveness by leveraging digital management and high-value product layouts[27] Financial Position and Liabilities - Total assets decreased by 14.6% to RMB 10,048.6 million in 2024 from RMB 11,764.7 million in 2023[14] - Total liabilities decreased from RMB 10,676.4 million as of December 31, 2023, to RMB 9,181.8 million as of December 31, 2024, mainly due to reduced transaction volume and lower average steel prices[83] - Cash and cash equivalents decreased from RMB 1,053.2 million to RMB 746.9 million between December 31, 2023, and December 31, 2024[92] - The company reported a net loss attributable to owners of RMB 6,506.4 million as of December 31, 2024, compared to RMB 6,438.1 million as of December 31, 2023[86] - The company’s debt-to-asset ratio was 164.7%, up from 154.7% in 2023, primarily due to the impact of convertible preferred shares[102] Compliance and Governance - The company has complied with relevant laws and regulations that significantly impact its operations during the reporting period[122] - The company is committed to fulfilling social responsibilities and promoting sustainable growth, as detailed in the environmental, social, and governance report[121] - The independent auditor confirmed that the ongoing related party transactions are conducted under normal commercial terms and are fair and reasonable[160] - The company has complied with the disclosure requirements under the relevant listing rules regarding related party transactions[162] Shareholder Structure and Risks - The company operates under a dual-class share structure, where Class A shareholders have one vote per share and Class B shareholders have ten votes per share[165] - The company’s B-class shareholders hold significant influence, which may not always align with the best interests of independent shareholders[123] - The largest customer accounted for 13.9% of total revenue, while the top five customers contributed 28.5% of total revenue for the year ending December 31, 2024[169] - The largest supplier represented 10.9% of total procurement, with the top five suppliers making up 33.2% of total procurement for the same period[169] - The company faces significant liquidity risks due to past operating cash outflows, which may limit operational flexibility and adversely affect financial condition and expansion capabilities[118] - The company is exposed to risks related to fluctuations in supply and demand for steel products in both domestic and overseas markets, which could negatively affect business and financial performance[117] - The company’s financial condition and operating performance may be adversely affected by customer concentration risks[120] Employee and Community Engagement - The company employed 1,120 full-time employees as of December 31, 2024, and maintained good working relationships without any significant labor disputes during the reporting period[107] - The company made charitable donations amounting to RMB 210,000 during the reporting period[179] - The total remuneration paid to directors during the reporting period was approximately RMB 6.4 million, including salaries, bonuses, and other benefits[191] Miscellaneous - The company did not declare any annual dividends for the year ending December 31, 2024[182] - There were no bonds issued by the group during the reporting period[180] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[199]

Dear Non-registered Holder, Arrangement of Electronic Dissemination of Corporate Communications ZG Group 找钢产业互联集团 (A company controlled through weighted voting rights, incorporated in the Cayman Islands with limited liability and carrying on business in Hong Kong as ZGW) （Stock Code：6676） (Warrant Code：2572) Pursuant to the amended Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") effective from 31 December 2023, the Company has ...

ZG Group 找钢产业互联集团 （於開曼群島註冊成立以不同投票權控制的有限公司，以 ZGW 之名稱於香港進行業務） (股份代號: 6676) (權證代號: 2572) ZG Group 找钢产业互联集团 （於開曼群島註冊成立以不同投票權控制的有限公司，以 ZGW 之名稱於香港進行業務） (股份代號: 6676) (權證代號: 2572) 2025 年 4 月 29 日 尊敬的股東/權證持有人 登記股東 / 權證持有人之名稱及地址 本公司不會向股東/權證持有人發出公司通訊網站版本 6 的登載通知。本公司鼓勵股東/權證持有人主動留意網 站上所有日後的公司通訊的登載情況，並自行瀏覽公司通訊的網站版本。 股東/權證持有人及投資者如希望於本公司在聯交所網站上發佈公司通訊時獲得通知，可於聯交所網站上訂閱 「訊息提示」服務。 發佈公司通訊之安排 簡介 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 2.07A 條 1 以及找钢产业互联集 团（「本公司」）的組織章程細則，本公司將以電子通訊方式向其股東/權證持有人3 發佈本公司日後的公司通訊 （「公司通訊」2 ），並僅應股東/權證持有人要求向其寄發 ...

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。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立以不同投票權控制的有限公司，以ZGW之名稱於香港進行業務） （股份代號：6676） （權證代號：2572） 繼承公司上市權證及繼承公司發起人權證的行使期開始 茲提述(i) Aquila Acquisition Corporation（「本公司」，更名為找鋼產業互聯集團， 自2025年3月10日上午九時正起生效）日期為2025年2月5日的致股東的通函（「通 函」）；及(ii)本公司日期為2025年3月10日的公告，內容有關（其中包括）完成特殊 目的收購公司併購交易。除另有界定外，本公告所用詞彙與通函所界定者具有相 同涵義。 繼承公司上市權證已根據及受益於繼承公司上市權證文據而發行，繼承公司發起 人權證則已根據及受益於繼承公司發起人權證協議發行。繼承公司上市權證已根 據繼承公司上市權證文 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of RMB 1,551,043 thousand, representing a 32.7% increase from RMB 1,168,451 thousand in 2023[5]. - The gross profit for the same period was RMB 426,189 thousand, up 12.1% from RMB 380,173 thousand in 2023[5]. - The loss from continuing operations before tax significantly decreased by 85.7%, from RMB 468,861 thousand in 2023 to RMB 67,014 thousand in 2024[5]. - The adjusted net loss (non-IFRS measure) for 2024 was RMB 53,717 thousand, a reduction of 33.0% from RMB 80,151 thousand in 2023[5][10]. - The adjusted EBITDA (non-IFRS measure) rose by 56.1%, from RMB 4,567 thousand in 2023 to RMB 7,129 thousand in 2024[5][10]. - The company reported a net loss of RMB 68.7 million for the year, adjusted for non-cash items[76]. - The total comprehensive loss for the year was RMB 68,662 thousand in 2024, a substantial decrease from RMB 467,209 thousand in 2023, reflecting an improvement of approximately 85.3%[101]. Cash Flow and Assets - The net cash generated from operating activities increased by 98.4%, reaching RMB 419,945 thousand compared to RMB 211,709 thousand in 2023[5]. - The company's cash and cash equivalents decreased from RMB 1,053.2 million as of December 31, 2023, to RMB 746.9 million as of December 31, 2024[74]. - The company’s cash and cash equivalents decreased to RMB 240,163 thousand in 2024 from RMB 310,904 thousand in 2023, a decline of approximately 22.6%[102]. - The total current assets decreased by 14.9%, from RMB 11,257,399 thousand in 2023 to RMB 9,577,651 thousand in 2024[6]. - Trade receivables and other receivables decreased by 14.4% from RMB 10,165.7 million as of December 31, 2023, to RMB 8,703.8 million as of December 31, 2024, primarily due to a decline in transaction volume and average steel prices[64]. - The company’s restricted cash decreased from RMB 742,286,000 in 2023 to RMB 506,695,000 in 2024[123]. Revenue Streams - International business revenue surged from RMB 221.1 million in 2023 to RMB 593.3 million in 2024, marking a year-over-year increase of 168.4%[17]. - Revenue from transaction services was RMB 281,105,000 in 2023, expected to rise to RMB 313,160,000 in 2024, indicating a growth of 11.4%[109]. - Revenue from technology subscriptions decreased from RMB 508,994,000 in 2023 to RMB 432,103,000 in 2024, reflecting a decline of about 15%[109]. - Revenue from other businesses, primarily non-steel product transactions, increased by 49.4% from RMB 123.3 million in 2023 to RMB 184.2 million in 2024[37]. - Revenue from international trading operations surged from RMB 221.1 million in 2023 to RMB 593.3 million in 2024, marking an increase of 168.5%[29]. Expenses and Liabilities - The total expenses for sales, management, and R&D amounted to RMB 419 million, reflecting a year-on-year change of 6.1% when excluding stock-based payments and listing costs[23]. - Sales and distribution expenses rose by 12.9% from RMB 259.9 million in 2023 to RMB 293.4 million in 2024, driven by increased employee benefits and business development costs[52]. - Administrative expenses decreased significantly by 81.6% from RMB 418.5 million in 2023 to RMB 77.1 million in 2024, primarily due to a reduction in share-based payment expenses[53]. - The company reported trade payables of RMB 145,174,000 for 2024, up from RMB 71,058,000 in 2023, indicating a significant increase in liabilities[126]. - The total liabilities decreased from RMB 18,106,520 thousand in 2023 to RMB 16,485,147 thousand in 2024, a reduction of about 9.0%[104]. Corporate Governance - The company has implemented measures to ensure good corporate governance standards and avoid potential conflicts of interest with its controlling shareholders[90]. - The audit committee has reviewed and approved the group's financial performance and consolidated financial statements for the reporting period[96]. - The company has established various committees, including the audit committee, remuneration committee, nomination committee, and corporate governance committee, all composed of independent non-executive directors[94]. - The board believes that having the same individual serve as both chairman and CEO will benefit the company's business prospects and operational efficiency, despite it being a deviation from corporate governance codes[93]. - The company has confirmed compliance with corporate governance measures to manage potential conflicts of interest with controlling shareholders since the listing date[91]. Strategic Initiatives - The company is focused on enhancing its digital steel trading platform and expanding its B2B services, including logistics and SaaS products[4]. - The company aims to enhance supply chain management and digitalization to improve operational efficiency and market competitiveness[18]. - The company established a new division, "Fat Cat Industrial Products," to replicate its steel industry infrastructure in non-steel trading services[20]. - The AI technology has significantly enhanced internal efficiency, with the AI trading assistant processing over 10 million messages daily and achieving an accuracy rate of over 95%[22]. - The company has developed 12 AI agents, including the AI trading assistant and AI procurement assistant, which have been fully integrated into its operations, improving collaboration and employee efficiency[21][23].

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 找鋼產業互聯集團（「本公司」及其附屬公司，統稱「本集團」）董事會（「董事會」） 茲通告謹定於2025年3月28日（星期五）舉行董事會會議，以考慮及通過本集團截 至2024年12月31日止年度的全年業績之公佈，及建議之末期股息（如有），以及處 理其他事項。 ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立以不同投票權控制的有限公司，以ZGW之名稱於香港進行業務） （股份代號：6676） （權證代號：2572） 董事會會議召開日期 承董事會命 找鋼產業互聯集團 董事會主席 王東 香港，2025年3月18日 於本公告日期，董事會包括執行董事王東先生、王常輝先生、宮穎欣女士及周敏 女士，非執行董事葉芊先生及蔣榕烽先生，以及獨立非執行董事王翔先生、陳垠 先生及王蔚松先生。 ...

香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算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。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 本公告並不直接或間接於美利堅合眾國境內刊發或派發。本公告並非於美國出售證券的要約。 本公告提及的證券並無且將不會根據1933年美國證券法（經修訂）登記，亦不得於美國境內提呈 發售或出售，惟根據適用豁免登記規定的交易除外。證券將不會在美國進行公開發售。 ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：6676） （權證代號：2572） (1)完成特殊目的收購公司併購交易； (2)完成合併前資本重組、發行繼承公司股份及發行繼承公司權證； (3)繼承公司的股權架構；及 (4)繼承公司A類股份及繼承公司上市權證開始買賣及買賣安排 茲提述：(i) Aquila Acquisition Corporation（「Aquila」）日期為2025年2月5日的致 股東的通函（「通函」） ...

董事會設立四個委員會。下表提供各董事會成員在該等委員會中所擔任職位的資 料。 | | 委員會 | 企業管治委 | | | | | --- | --- | --- | --- | --- | --- | | 董事 | | 員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | 王東先生 | | | | | | | 王常輝先生 | | | | | | | 宮穎欣女士 | | | | | 成員 | | 周敏女士 | | | | | | | 葉芊先生 | | | | 成員 | | | 蔣榕烽先生 | | | 成員 | | | | 王翔先生 | | 成員 | | 主席 | 主席 | | 陳垠先生 | | 主席 | 成員 | 成員 | | | 王蔚松先生 | | 成員 | 主席 | | 成員 | 香港，2025年3月7日 （權證代號：2572） 董事名單及其角色與職能 找鋼產業互聯集團董事（「董事」）會（「董事會」）成員載列如下： 王東先生 （董事會主席兼執行董事） 王蔚松先生 （獨立非執行董事） ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立的有限公司） （股份代號：6676） 王常輝先生 （執行董事） ...

（「本公司」） 企業管治委員會的職權範圍 找鋼產業互聯集團（「本公司」）根據本公司董事會（「董事會」）於2023年7月14日通 過的一項決議案成立企業管治委員會（「委員會」）。下文所載為委員會的職權範圍 （「職權範圍」）。職權範圍可供以英文及繁體中文版本閱覽。職權範圍的英文與繁 體中文版本如有任何歧義，概以英文版本為準。 1. 目的 1.1. 董事會致力制定及評估本公司企業管治常規，成立委員會旨在達致高標 準的企業管治及保障本公司全體股東利益，惟須符合任何適用法律、法 規及上市標準。 2. 組成 3. 會議 ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立的有限公司） 6. 權限 6.1. 委員會的權限及職責應包括(i)上市規則（經不時修訂）附錄C1所載企業管 治守則（「企業管治守則」）相關守則條文及(ii)上市規則（經不時修訂）第 8A.30條載列的職責及權限。 7. 職責及責任 1 （股份代號：6676） （權證代號：2572） 2.1. 委員會應全部由獨立非執行董事組成，該等獨立非執行董事須符合香港 聯合交易所有限公司證券上市規則（「上市規則」）（經不時修訂）不時訂明 的獨立性規定。 2.2. ...

（「本公司」） 提名委員會的職權範圍 找鋼產業互聯集團（「本公司」）根據本公司董事會（「董事會」）於2023年7月14日通 過的一項決議案成立提名委員會（「委員會」）。下文所載為委員會的職權範圍（「職 權範圍」）。職權範圍可供以英文及繁體中文版本閱覽。職權範圍的英文與繁體中 文版本如有任何歧義，概以英文版本為準。 1. 目的 ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立的有限公司） 1.1. 委員會旨在物色、考慮適當候選人擔任本公司董事，並向董事會提出建 議，監察評估董事會表現的程序，以及制訂提名指引及向董事會提出建 議，惟須符合任何適用法律、法規及上市標準。 2. 組成 3. 會議 1 （股份代號：6676） （權證代號：2572） 2.1. 委員會成員應由董事會不時予以委任，且大多數成員應為獨立非執行董 事，該等獨立非執行董事須符合香港聯合交易所有限公司證券上市規則 （「上市規則」）（經不時修訂）不時訂明的獨立性規定。 2.2. 董事會應委任委員會的一名成員擔任主席（「主席」），可以為董事會主席 或本公司獨立非執行董事。 2.3. 本公司應委任至少一名不同性別的董事加入委員會。 3.1. 除非 ...