FUTIAN HOLDINGS LIMITED 福田股份有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號： 8196) Notes: NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1), Futian Holdings Limited (the "Company") – Notification of publication of the Annual Report 2024, Circular relating to proposed grant of general mandates to issue shares and to buy back shares, re-election of directors and notice of Annual General Meeting and Form of Proxy (the "Current Corporate Commu ...

(Stock Code 股份代號： 8196) NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Futian Holdings Limited (the "Company") 30 April 2025 – Notice of publication of Annual Report 2024 and Circular relating to proposed grant of general mandates to issue shares and to buy back shares, re-election of directors and notice of Annual General Meeting and Form of Proxy (the "Current Corporate Communication") FUTIAN HOLDINGS LIMITED 福田股份有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Act ...

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通告的內容概不負責， 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通告全部或任何 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。 普通決議案 考慮並酌情通過以下決議案（不論經修訂與否）為本公司的普通決議案： 1 1. 省覽、審議及採納本公司截至2024年12月31日止年度之經審核綜合財務報表、 董事（「董事」）報告及核數師報告。 2. (a) 重選謝楊先生為執行董事。 (b) 重選孫朝陽女士為執行董事。 (c) 重選馮莉女士為執行董事。 (d) 重選任悅恒先生為獨立非執行董事。 (e) 授權董事會（「董事會」）釐定董事酬金。 3. 續聘北京興華鼎豐會計師事務所有限公司為本公司核數師並任職至本公司下 屆股東週年大會結束為止及授權董事會釐定其酬金。 特別事項 FUTIAN HOLDINGS LIMITED 福田股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8196） 股東週年大會通告 茲通知福田股份有限公司（「本公司」）謹訂於2025年5月23日（星期五）上午十時 三十分假座中國廣州高新技術產業開發區科學城科研路18 號6 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊 證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之福田股份有限公司（「本公司」）股份全部售出或轉讓，應立即將本通函及隨 附之代表委任表格送交買主或承讓人，或送交經手買賣或轉讓之銀行、股票經紀或其他代理商， 以便轉交買主或承讓人。 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通函之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 FUTIAN HOLDINGS LIMITED 福田股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8196） 建議授出一般授權以發行股份及購回股份、 重選董事 及 股東週年大會通告 本公司謹訂於2025年5月23日（星期五）上午十時三十分假座中國廣州高新技術產業開發區科學 城科研路18號6樓舉行股東週年大會（「股東週年大會」），大會通告載於本通函第18頁至第22頁內。 股東週年大會適用之代表委任表格已隨本通函附上。無論 閣下能否親身出席股東週 ...

Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately RMB 45,801,000, a decrease of about RMB 60,783,000 or 57.0% compared to RMB 106,584,000 in 2023[8]. - The company reported a loss attributable to owners of approximately RMB 7,042,000 for the year ended December 31, 2024, compared to a profit of RMB 2,870,000 for the year ended December 31, 2023[9]. - The group's gross profit for the year ended December 31, 2024, was approximately RMB 11,060,000, a decrease of about 63.8% compared to RMB 30,581,000 in 2023[26]. - Other income and gains increased by approximately 48.6% to RMB 7,111,000 for the year ended December 31, 2024, compared to RMB 4,786,000 in 2023, mainly due to increased rental income and bank interest income[27]. - The group recorded a loss of approximately RMB 7,042,000 for the year ended December 31, 2024, compared to a profit of RMB 2,870,000 in 2023, primarily due to project delays and the completion of existing projects in Vietnam[31]. - The company's total revenue for the year ended December 31, 2024, was approximately RMB 45,801,000, a decrease of about 57.0% compared to RMB 106,584,000 for the year ended December 31, 2023[16]. Revenue Breakdown - The revenue breakdown includes EPC projects at RMB 5,384,000, construction projects at RMB 1,431,000, equipment projects at RMB 14,106,000, and service concession arrangements at RMB 13,370,000[9]. - Revenue from EPC projects decreased by approximately 91.4% to RMB 5,384,000 in 2024, primarily due to the completion of a large project in Vietnam in 2023[18]. - Revenue from construction projects increased by approximately 266.9% to RMB 1,431,000 in 2024, attributed to two new projects[19]. - Revenue from equipment projects decreased by approximately 47.9% to RMB 14,106,000 in 2024, due to fewer large projects compared to the previous year[21]. - Revenue from service concession arrangements increased by approximately 5.8% to RMB 13,370,000 in 2024, driven by service income and interest income[22]. - Other segment revenue, including maintenance services, increased by approximately 178.1% to RMB 11,510,000 in 2024[23]. Market and Business Strategy - The decline in revenue was primarily due to delays in the progress of engineering, procurement, and construction projects, and the completion of existing projects in Vietnam with new projects starting only at the end of 2024[9]. - The company has increased its investment in the Vietnamese market, leveraging its successful operational experience to attract long-term and new customers[10]. - A new business contract worth several tens of millions of RMB was signed with a long-term partner at the beginning of 2023, which commenced construction at the end of 2024[10]. - The company is cautious in handling new engineering, procurement, and construction projects for local clients due to extended payment terms and declining customer payment capabilities[11]. - More resources are being allocated to service concession arrangements and other environmental projects, which have relatively lower cash flow risks compared to traditional projects[11]. - The company continues to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and aims to maintain communication with new customers as the economy recovers[11]. - The company believes that it will achieve better and more stable performance in familiar markets like the Greater Bay Area as economic recovery progresses[11]. - In 2024, the company plans to enter the data business market, expecting to generate millions in revenue from this sector, leveraging the Greater Bay Area's market advantages[12]. Cost and Expenses - The company's cost of sales decreased by approximately 54.3% to RMB 34,741,000 in 2024, mainly due to the completion of a large EPC project in Vietnam[24]. - Administrative expenses decreased by approximately 6.7% to RMB 16,016,000 for the year ended December 31, 2024, down from RMB 17,165,000 in 2023, mainly due to reduced R&D costs[29]. Shareholder and Governance - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with the previous year[32]. - The group completed a rights issue, raising approximately HKD 5.81 million, which was fully utilized for EPC project working capital and general operational funding[37]. - The company has established a governance framework where the board is responsible for corporate governance policies and practices, ensuring compliance with legal and regulatory requirements[133]. - The company has a remuneration committee that reviews compensation policies and considers company and individual performance when determining remuneration for directors and senior management[110]. - The company has established multiple communication channels for investors, including annual and quarterly reports, announcements, and its website[177]. Environmental, Social, and Governance (ESG) - The company has established a comprehensive environmental, social, and governance (ESG) report for the fiscal year ending December 31, 2024, focusing on sustainable development and pollution reduction efforts[179]. - The company is expanding its environmental services beyond wastewater treatment to include soil remediation, solid and hazardous waste management, sludge treatment, and air pollutant management[179]. - The company has been certified under the international environmental management system ISO 14001:2015 and quality management system ISO 9001:2015 since 2016, indicating a commitment to sustainable practices[179]. - The ESG report is prepared in accordance with the GEM listing rules and emphasizes key performance indicators for better assessment and tracking of the company's performance[181]. - The company aims to minimize greenhouse gas emissions through a dedicated greenhouse gas emission policy and monthly monitoring of emissions[190]. - The group has set a target of 100% compliance for wastewater and sludge discharge standards, with ongoing monitoring and third-party inspections[199]. - The group has established a zero hazardous waste generation goal and aims to minimize non-hazardous waste production in the next five years[198]. - The group has not generated any hazardous waste in 2024, with strict adherence to relevant laws and regulations for any potential hazardous waste produced[197]. Employee and Workforce - The company employed 39 employees as of December 31, 2024, down from 52 employees in 2023, with employee costs approximately RMB 86 million for the year, compared to RMB 159 million in 2023[70]. - The company recognizes employees as valuable assets and offers competitive compensation and training opportunities[98]. - The total number of employees decreased from 52 in 2023 to 39 in 2024, indicating a reduction of approximately 25%[191]. Risk Management and Compliance - The company acknowledges ongoing challenges in the business environment, including global political issues and the need for differentiated strategies in traditional business areas[13]. - The company’s ability to comply with new regulatory standards and government policies will be crucial for maintaining competitiveness and growth[90]. - The company has implemented compliance procedures to ensure adherence to relevant laws and regulations in China and Hong Kong[97]. - The internal audit team conducts assessments of business, financial, compliance, and operational risks, reporting to the audit committee and the board[160].

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。 FUTIAN HOLDINGS LIMITED 福田股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8196） 有關根據一般授權配售新股份 及 恢復買賣之補充公告 茲提述福田股份有限公司（「本公司」）日期為2025年4月11日內容有關根據一般授 權配售新股份之公告（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所 界定者具有相同涵義。 補充協議 董事會謹此宣佈，於2025年4月14日（交易時段後），本公司與配售代理訂立補充協 議（「補充協議」），以修訂及補充配售協議的若干條款，主要條款概述如下： 配售股份數目 根據補充協議，配售股份數目已修訂為6,000,000股配售股份。假設於本公告日期 至完成日期期間，本公司已發行股本並無變動，配售事項項下的配售股份最高數 目為6,000,000股，相當於本公告日期本公司現有已發行股本18.79%及本公司經悉 數配發及發行配售股份而擴大後之已發行股本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 FUTIAN HOLDINGS LIMITED 福田股份有限公司 （於開曼群島註冊成立之有限公司） (股份代號: 8196) 於本公告日期，本公司執行董事包括謝楊先生、何炫曦先生、刘楚君女士、孫朝陽女士 及馮莉女士；及本公司獨立非執行董事包括白爽女士、哈成勇先生及任悅恒先生。 本公告乃遵照 GEM 上市規則而刊載，旨在提供有關本公司之資料；本公司董事願就本 公告共同及個別地承擔全部責任。董事在作出一切合理查詢後確認，就其所知及所信， 本公告所載資料在各重要方面均屬準確完備，並無誤導或欺詐成份，且並無遺漏任何事 項，足以令致本公告或其所載任何陳述產生誤導。 本公告將由刊登當日起至少七天刊載於聯交所網站 www.hkexnews.hk 「最新公司公告」 一頁內並將刊載於本公司網站 www.greatwater.com.cn 。 短暫停牌 應福田股份有限公司（「本公司」）之要求，本公司股份已於二零 ...

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。 FUTIAN HOLDINGS LIMITED 福田股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8196） 根據一般授權配售新股份 配售代理 紫荊融資有限公司 董事會宣佈，於2025年4月11日（交易時段後），本公司與配售代理訂立配售協議， 據此，本公司委聘配售代理為其代理，根據配售協議的條款及條件按竭盡所能 基準促使不少於六(6)名承配人按配售價每股配售股份0.260港元認購最多6,387,480 股配售股份。 6,387,480股配售股份乃相當於(i)本公告日期本公司現有已發行股本約20%；及(ii) 本公司經配發及發行配售股份而擴大後之已發行股本約16.67%。 假設所有配售股份獲悉數配售，配售事項所得款項最高總額將約為1.66百萬港元。 預期配售事項所得款項淨額（經扣除應付配售代理的配售佣金及配售事項產生 的其他開支）將約為1.60百萬港元。本公司擬將所得款項淨額用作本集團的一般 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue decreased to RMB 45,801,000 from RMB 106,584,000 in 2023, representing a decline of approximately 57.0%[4] - Gross profit for the same period was RMB 11,060,000, down from RMB 30,581,000, indicating a decrease of about 63.8%[4] - The company reported a net loss of RMB 7,042,000 for the year, compared to a profit of RMB 2,870,000 in the previous year, marking a significant turnaround[4] - The company's basic and diluted loss per share was RMB 0.23, compared to earnings of RMB 0.96 per share in the previous year[4] - Total revenue for the reportable segments decreased to RMB 45,801 thousand in 2024 from RMB 106,584 thousand in 2023, representing a decline of approximately 57.0%[19] - The total loss for the reportable segments was RMB 11,060 thousand in 2024, down from a profit of RMB 30,581 thousand in 2023[19] - Revenue from equipment sales dropped to RMB 14,325 thousand in 2024, a decrease of 72.2% compared to RMB 51,704 thousand in 2023[21] - Construction services revenue fell to RMB 6,596 thousand in 2024, down 82.7% from RMB 38,105 thousand in 2023[21] - Other services revenue increased to RMB 24,880 thousand in 2024, up 48.2% from RMB 16,775 thousand in 2023[21] - Revenue from mainland China accounted for RMB 42,501 thousand in 2024, down from RMB 106,544 thousand in 2023, a decrease of approximately 60.1%[19] - The company recorded a loss attributable to owners of approximately RMB 7,042,000 for the year ended December 31, 2024, compared to a profit of RMB 2,870,000 for the year ended December 31, 2023[41] Assets and Liabilities - Total assets decreased to RMB 166,280,000 in 2024 from RMB 194,239,000 in 2023, reflecting a decline of approximately 14.4%[5] - Current liabilities also decreased to RMB 137,902,000 from RMB 183,711,000, a reduction of about 25.0%[5] - The company's cash and cash equivalents increased to RMB 72,333,000 in 2024 from RMB 53,360,000 in 2023, showing an increase of approximately 35.5%[5] - The total equity attributable to owners decreased slightly to RMB 73,536,000 from RMB 75,006,000, a decline of about 1.9%[6] - Total assets decreased to RMB 225,890 thousand in 2024 from RMB 264,291 thousand in 2023, a reduction of approximately 14.5%[19] - Total liabilities decreased to RMB 152,354 thousand in 2024 from RMB 189,285 thousand in 2023, a decline of about 19.5%[19] Segment Performance - For the fiscal year ending December 31, 2024, total revenue from external customers reached RMB 45,801 thousand, with the breakdown as follows: EPC projects RMB 5,384 thousand, construction projects RMB 1,431 thousand, equipment projects RMB 14,106 thousand, service concession arrangements RMB 13,370 thousand, and others RMB 11,510 thousand[18] - The adjusted profit before tax for the segments totaled RMB 11,060 thousand, with contributions from EPC projects RMB 1,147 thousand, construction projects RMB 1,098 thousand, equipment projects RMB 7,343 thousand, service concession arrangements RMB 1,012 thousand, and others RMB 460 thousand[18] - As of December 31, 2024, total segment assets amounted to RMB 112,772 thousand, with the largest contribution from equipment projects at RMB 32,881 thousand and service concession arrangements at RMB 43,508 thousand[18] - Total segment liabilities as of December 31, 2024, were RMB 110,361 thousand, with the highest liabilities in EPC projects at RMB 40,832 thousand and equipment projects at RMB 38,256 thousand[18] Employee and Operational Costs - Employee costs decreased to RMB 8,616,000 in 2024 from RMB 15,868,000 in 2023, reflecting a significant reduction in wages and benefits[32] - The company employed 39 employees as of December 31, 2024, down from 52 employees in 2023[93] - The company has adopted a stock option plan to reward outstanding employee performance and contributions[93] Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, effective for the year ending December 31, 2024, with the exception of the separation of roles between the Chairman and CEO[100] - The audit committee, consisting of three independent non-executive directors, has reviewed the group's annual performance for the year ending December 31, 2024, ensuring compliance with applicable accounting standards and GEM Listing Rules[103] - The board comprises five executive directors and three independent non-executive directors, ensuring sufficient independence in its composition[100] - The company has not identified any violations of the trading rules regarding securities transactions by directors for the year ending December 31, 2024[101] Future Outlook and Strategy - The company plans to increase investment in the Vietnamese market, leveraging its successful operational experience to attract long-term and new clients[42] - The company aims to maintain a cautious approach towards new projects with local clients due to extended payment terms and declining customer payment capabilities[43] - The company believes that traditional business remains its cornerstone and should receive increased investment, while new business types like data services should also be developed cautiously[45] - The company anticipates that the economic recovery in China will positively impact its performance in familiar markets like the Greater Bay Area[43] Stock Options and Shareholder Information - The stock option plan adopted on June 17, 2022, allows for the issuance of a total of 18,000,000 shares, representing 6% of the total shares issued as of the plan's adoption date[81] - The vesting period for the stock options is set at 3 years, with specific percentages vesting in each subsequent fiscal year[85] - The maximum number of shares that can be issued due to the exercise of stock options granted under the plan is capped at 1% of the company's issued share capital within any 12-month period[82] - The stock option plan is valid for a period of 10 years from the date of adoption, with approximately 7 years remaining as of the report date[90] - The company has granted 18,000,000 stock options to certain directors and employees under the stock option plan[77] - As of December 31, 2024, the company has 1,200,000 unexercised stock options, which could lead to the issuance of an additional 1,200,000 ordinary shares and an increase in capital of HKD 14,280,000 if fully exercised[92] Miscellaneous - The company did not recommend any dividend payments for 2024, consistent with 2023[31] - The company has not provided any financial assistance or guarantees to its subsidiaries as of December 31, 2024[76] - No significant events occurred after the reporting period that could materially impact the company's operations and financial performance[98] - The company will publish this announcement on the Stock Exchange's website and its own website for at least seven days from the date of publication[105]

董事會認為，收入減少及虧損主要由於(i)本期間客戶對有關之工程、採購及建設 項目之進度確認延期及(ii)本集團於越南的現有項目已於二零二三年竣工，而新 項目直至二零二四年年底才開始動工，因此年內確認新項目產生的收入較少。 本公告所載資料僅以董事會對本集團截至二零二四年十二月三十一日止年度未 經審核綜合管理賬目的初步審閱及董事會現時所得的其他資料為依據，而並非以 經本公司核數師審核或審閱的任何數字或數據為基礎作出。於本公告日期，本集 團截至二零二四年十二月三十一日止年度的綜合業績尚待審定，並可予調整。有 關本集團截至二零二四年十二月三十一日止年度的財務資料及表現詳情，將於本 公司公佈其截至二零二四年十二月三十一日止年度全年業績時作出披露。 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 FUTIAN HOLDINGS LIMITED 福田股份有限公司 （於開曼群島註冊成立之有限公司） (股份代號: 8196) 盈利警告 本公告乃由福田股份有 ...