Summary of Conference Call on Optical Fiber and Cable Industry Industry Overview - The global optical fiber supply and demand is expected to be in a tight balance by 2026, with demand driven by AI and drones projected to reach 750 million core kilometers, while effective supply is only about 700 million core kilometers, indicating minimal price decline potential [1][6] - AI and drone applications are identified as core growth drivers, with North American AI-related demand expected to exceed 100 million core kilometers by 2026, and drone fiber guidance demand anticipated to double from 50 million to over 100 million core kilometers [1][6] Key Insights and Arguments - Domestic operators are experiencing rising procurement prices, with Heilongjiang Telecom's cable limit price translating to a fiber price of 120 RMB/core kilometer, exceeding the market price, reflecting concerns over future supply shortages [1][4] - Significant growth in overseas demand is noted, with Russian fiber exports increasing by approximately 1,000% year-on-year in January-February, and Poland's annual procurement intention for G.657.A2 fiber exceeding 20 million core kilometers [1][2] - Supply-side growth is constrained, with Corning and Fujikura's expansion cycles lasting 18-24 months, and leading domestic manufacturers (Yangtze Optical, Zhongtian, Hengtong) being cautious in expansion, prioritizing long-term orders [1][6][8] Market Dynamics - Recent procurement dynamics from domestic operators indicate a bullish market price expectation, with provincial companies organizing their own procurements due to previous contract completions, leading to higher limit prices [3][4] - Upcoming annual procurements from China Telecom and China Mobile are expected to see changes in bidding volume and pricing strategies, potentially shifting to smaller batch tenders to manage high prices while maintaining demand [5][6] Future Projections - By 2027, AI and drone applications are expected to remain the main growth drivers for fiber demand, with North American demand projected to exceed 100 million core kilometers [7][8] - Supply from overseas manufacturers is limited, with significant expansions taking longer, while domestic manufacturers are cautious and prefer to expand only after securing long-term orders [8][9] Pricing Trends - Corning's recent price adjustments reflect its customer structure and market regions, with long-term agreements typically priced lower than spot market prices, indicating a divergence from domestic market prices [9][10] - The overall pricing trend is expected to converge globally, with North American prices likely to continue rising [10] Investment Logic - The investment logic for the optical fiber and cable sector is shifting towards growth, with fiber demand being purely incremental and less affected by technological iterations [11] - Recommended focus on leading manufacturers like Yangtze Optical, Zhongtian, and Hengtong, which are reasonably valued and poised for breakthroughs in overseas markets, as well as second-tier companies with high G.657 fiber ratios that may show significant performance elasticity [11]

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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就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之任何損失承擔 任何責任。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited * ) （ 於中華人民共和國註冊成立之股份有限公司） （股份代號：6866） 補充公告 有關 關連交易 出售物業 俞寅 香港，二零二六年三月二十五日 於本公告日期，執行董事為俞寅先生、鄭學根先生、楊晟先生及胡芳芳女士；非執行董事為潘忠敏先生；以 及獨立非執行董事為陳健民先生、趙旭強先生及楊婕女士。 本公司謹此提供有關買賣協議項下物業買方，佐力控股的額外資料。誠如關連交易公告所 提 述 ， 佐 力 控 股 由 俞 有 強 先 生 透 過 德 清 銀 天 股 權 投 資 管 理 有 限 公 司 最 終 擁 有 約 79.56% 股 權。佐力控股的餘下股權乃由俞成、楊曉敏、俞琳麗、張馨超、林丹鳳、沈穎盈及德清縣 濤盛股權投資管理有限公司（ 由彭濤全資擁有 ）分別擁有約3 ...

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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就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之任何損失承擔 任何責任。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited * ) （ 於中華人民共和國註冊成立之股份有限公司） （股份代號：6866） 關連交易 出售物業 出售物業 董事會欣然宣佈，於二零二六年三月二十日，本公司（ 作為賣方 ）與佐力控股（ 作為買方 ） 訂立杭州物業買賣協議，據此，本公司同意出售而佐力控股同意購買杭州物業，代價為 人民幣13,805,580元。 同日，金匯小貸（ 本公司非全資附屬公司（）作為賣方 ）與佐力控股（ 作為買方 ）訂立德清物 業 買 賣 協 議 ， 據 此 ， 金 匯 小 貸 同 意 出 售 而 佐 力 控 股 同 意 購 買 德 清 物 業 ， 代 價 為 人 民 幣 4,679,820元。 上市規則之涵義 普華能源為本公司之控股股東，故根據上市規則，其為本公司之關連人士。佐力控股（ 即 普 ...

Financial Performance - For the fiscal year ending December 31, 2025, the company reported interest income of RMB 172,334,000, a decrease of 12.2% from RMB 196,354,000 in 2024[4] - Net interest income for 2025 was RMB 142,913,000, down 8.3% from RMB 155,842,000 in the previous year[4] - The company recorded a total profit and comprehensive income of RMB 62,246,000 for 2025, a decline of 4.9% compared to RMB 65,397,000 in 2024[4] - Basic and diluted earnings per share remained stable at RMB 0.05 for both 2025 and 2024[4] - The company reported a pre-tax profit of RMB 87,745,000 for 2025, compared to RMB 91,604,000 in 2024, reflecting a decrease of 4.2%[75] - The effective tax expense for 2025 was RMB 25,499,000, slightly lower than RMB 26,207,000 in 2024[75] - The company received government subsidies amounting to RMB 12,568,000 in 2025, down from RMB 13,376,000 in 2024[73] - The company reported a total of RMB 1,170,426 thousand in corporate loans, accounting for 44% of total loans in 2025, down from 46% in 2024[89] - Retail loans reached RMB 1,434,699 thousand in 2025, which is 55% of total loans, an increase from 53% in 2024[89] Assets and Liabilities - The company's total assets as of December 31, 2025, were RMB 2,557,786,000, slightly down from RMB 2,578,519,000 in 2024[5] - The company’s total liabilities decreased to RMB 516,502,000 in 2025 from RMB 537,408,000 in 2024, a reduction of 3.4%[5] - The company’s net assets increased slightly to RMB 2,041,284,000 in 2025 from RMB 2,041,111,000 in 2024[5] - Total borrowings from banks as of December 31, 2025, amount to RMB 439,676 thousand, a decrease from RMB 488,287 thousand on December 31, 2024[108] - The total amount of accrued expenses and other payables increased to RMB 51,420,000 in 2025 from RMB 22,210,000 in 2024, primarily due to an increase in payable acquisition costs[196] Cash Flow - Cash and cash equivalents increased significantly to RMB 23,495,000 in 2025 from RMB 10,515,000 in 2024, representing a growth of 123.5%[5] - Operating cash flow for the year ended December 31, 2025, was RMB 134,316 thousand, a decrease of 16.5% from RMB 160,848 thousand in 2024[7] - Cash flow from financing activities for 2025 was a net outflow of RMB 121.2 million, primarily due to interest payments and loan repayments[188] - Cash and cash equivalents increased from RMB 10.5 million in 2024 to RMB 23.5 million in 2025[189] Loans and Advances - The total amount of loans and advances to customers was RMB 2,639,054,000 in 2025, slightly down from RMB 2,656,268,000 in 2024, indicating a decrease of 0.65%[87] - The net amount of loans and advances to customers after impairment losses was RMB 2,444,125,000 in 2025, compared to RMB 2,462,054,000 in 2024, a reduction of 0.73%[88] - The overdue loans exceeding one year totaled RMB 76,769 thousand in 2025, compared to RMB 74,113 thousand in 2024, representing an increase of 3.58%[90] - The overdue loans as of December 31, 2025, were RMB 101.8 million, representing 3.9% of total loans and advances, compared to RMB 105.0 million and 4.0% in 2024[192] - Guaranteed loans constituted 98.2% of total loans and advances as of December 31, 2025, slightly up from 98.0% in 2024[194] Impairment and Credit Losses - Impairment losses for loans and advances to customers decreased to RMB 3,188,000 in 2025 from RMB 32,173,000 in 2024, a reduction of 90.1%[73] - The total impairment loss provisions increased to RMB 194,929 thousand in 2025 from RMB 194,214 thousand in 2024, indicating a rise of 0.37%[91][92] - The impairment loan ratio improved to 3.8% in 2025 from 3.9% in 2024, indicating better loan quality[172] - The provision coverage ratio increased to 192% in 2025 from 185% in 2024, reflecting a stronger buffer against potential loan losses[172] Accounting and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[8] - The company did not apply any new accounting standards or interpretations that were not yet effective during the reporting period[11] - The company is currently evaluating the potential impacts of new accounting standards effective from January 1, 2026, and January 1, 2027, which may affect financial reporting[161][162] Strategic Focus - The company plans to continue focusing on micro-finance services and exploring new market opportunities to enhance growth in the upcoming fiscal year[3] - The company actively explores green lending models, focusing on ecological agriculture, renewable energy, and energy-saving technologies[166] - The company is positioned to benefit from the sustainable development initiatives in Huzhou, enhancing its competitive advantage in the green finance sector[164] Management and Governance - The total remuneration for key management personnel was RMB 2,971 thousand in 2025, compared to RMB 2,930 thousand in 2024[147] - The total remuneration for the two highest-paid individuals in 2025 was RMB 1,064,000, compared to RMB 511,000 in 2024, representing a 108.4% increase[79] - The company proposed a profit distribution of RMB 1.8 million to the surplus reserve, which is 10% of the net profit for the fiscal year 2025[118]

佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就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之任何損失承擔 任何責任。 佐力科創小額貸款股份有限公司 董事長 俞寅 香港，二零二六年三月十日 (Zuoli Kechuang Micro-finance Company Limited * ) （ 於中華人民共和國註冊成立之股份有限公司） （股份代號：6866） 董事會會議日期 佐力科創小額貸款股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會 將於二零二六年三月二十日（ 星期五 ）舉行會議，藉以（ 其中包括 ）考慮及批准本公司及其附 屬公司截至二零二五年十二月三十一日止年度的經審核綜合全年業績以及考慮有關派付末 期股息的建議（ 如有）。 承董事會命 於本公告日期，執行董事為俞寅先生、鄭學根先生、楊晟先生及胡芳芳女士；非執行董事為潘忠敏先生；以 及獨立非執行董事為陳健民先生、趙旭強先生及楊婕女士。 * 僅供識別 ...

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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就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之任何損失承擔 任何責任。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited * ) （ 於中華人民共和國註冊成立的股份有限公司） （股份代號：6866） 於二零二六年三月四日舉行之臨時股東大會之 投票表決結果 董事會欣然宣佈，載列於日期為二零二六年二月六日的臨時股東大會通告之決議案已於 二零二六年三月四日舉行的臨時股東大會上以投票表決方式獲正式通過。 茲提述佐力科創小額貸款股份有限公司（「本公司」）日期均為二零二六年二月六日的臨時股 東大會（「臨時股東大會」）通函（「通函」）及通告（「臨時股東大會通告」）。董事會欣然宣佈根 據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.39 (5)條於臨時股東大會上以投 票表決方式進行之表決結果。除另有指明外，本公告所用詞彙與通函所界定者具有相同涵 義。 臨時股東大會投票表決結果 – 1 – ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06866 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 300,000,000 | RMB | | 1 RMB | | 300,000,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 300,000,000 | RMB | | 1 RMB | | 300,000,000 | 本月底法定/註冊股本總額： RMB 1,180,000,000 第 1 頁 共 10 頁 v 1.2.0 FF301 公司名稱: 佐力科創小額貸款股份有限公 ...

Regulatory Actions - The National Financial Regulatory Administration, in conjunction with the Market Supervision Administration and the People's Bank of China, conducted discussions with six travel platform companies, including Ctrip and Gaode Map, to regulate lending marketing practices and enhance information disclosure and consumer protection [1] - The regulatory focus is on misleading advertising and insufficient risk warnings in assistive lending services, emphasizing the need for platforms to clearly disclose lending entities to ensure rational decision-making by users [1] Market Performance - On February 20, 2026, Zoli Small Loan (06866.HK) closed at HKD 0.38, with a daily decline of 1.32% and a trading volume of only HKD 750, indicating extremely low trading activity [1] - Technically, the stock price is below the 5-day moving average (HKD 0.38), with a negative MACD histogram (-0.005) and a KDJ indicator showing the J line dropping to 58.21, suggesting weak short-term momentum [1] - The credit sector experienced a decline of 2.93% on the same day, while the Hang Seng Index fell by 1.10%, indicating increased pressure on individual stocks within the sector [1]

Core Insights - Zoli Microfinance (06866) and Tanwan (09890) disclosed their latest shareholder equity on February 13, 2026 [1] Group 1: Shareholder Changes - Yu Yin increased his holdings in Zoli Microfinance from 443 million shares to 457 million shares, raising his ownership percentage from 50.39% to 51.99% [2] - Deqing Puhua Energy Company Limited also increased its holdings in Zoli Microfinance from 443 million shares to 457 million shares, resulting in the same ownership percentage increase from 50.39% to 51.99% [2] - Yu Youqiang and Zhang Jianming both maintained their holdings in Zoli Microfinance at 443 million shares, which increased to 457 million shares, reflecting the same ownership percentage change [2] - Wu Xubo's holdings in Tanwan remained unchanged at 278 million shares, with a slight increase in ownership percentage from 52.04% to 52.05% [2]

Group 1 - Zhaoli Small Loan (06866.HK) experienced a fluctuating upward trend in stock price, rising from HKD 0.36 to HKD 0.39, with a cumulative increase of 1.32% and a volatility of 9.21% during the period from February 4 to February 11, 2026 [1] - The overall trading volume was low, with a total of 274,000 shares traded and a maximum turnover rate of only 0.05%, indicating limited market activity [1] - Technical indicators showed a slight improvement in short-term momentum, with the MACD histogram narrowing from -0.007 to -0.003 and the KDJ indicator rising sharply from 22.008 to 101.827 [1] Group 2 - Recent regulatory developments in the small loan industry may indirectly affect market sentiment, as evidenced by the fine imposed on Beihua Small Loan for "operating beyond approved scope," highlighting tightening regulations on cross-regional online lending [2] - Although there were no direct incidents involving Zhaoli Small Loan, the compliance pressures within the industry could lead to increased market scrutiny of similar companies [2]