Tonking New Energy Group Holdings Limited 同 景 新 能 源 集 團 控 股 有 限 公 司 * (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：8326) NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 12 December 2025 The following document(s) of Tonking New Energy Group Holdings Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.tonkinggroup.com.hk and The Stock Exchange of Hong Ko ...

Tonking New Energy Group Holdings Limited Dear Shareholder(s), 12 December 2025 The following document(s) of Tonking New Energy Group Holdings Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.tonkinggroup.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- • 2025 Interim Report (If you have previously requested to receive Corporate Communication(s)(Note) in printed form, the printed copy ...

Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 219,124,000, a decrease of 63.24% compared to HKD 595,834,000 for the same period in 2024[3] - Gross profit for the same period was HKD 44,285,000, down 50.14% from HKD 88,235,000 in 2024[3] - The profit before tax decreased to HKD 20,558,000, representing a decline of 68.32% from HKD 64,869,000 in the previous year[3] - The net profit for the period was HKD 18,428,000, a decrease of 67.96% compared to HKD 55,798,000 in 2024[3] - Basic and diluted earnings per share were HKD 1.53, down from HKD 5.41 in the same period last year[3] - Total comprehensive income for the period was HKD 22,329,000, a decline of 65.16% from HKD 64,103,000 in 2024[5] - Revenue from construction contracts for the six months ended September 30, 2025, was HKD 219,124,000, down 63.3% from HKD 595,834,000 in the same period of 2024[21] - Other income, including interest income, decreased to HKD 1,161,000 from HKD 8,616,000, marking a decline of 86.5% year-over-year[21] - The company’s profit attributable to owners for the six months ended September 30, 2025, was HKD 17,724,000, a decrease of 67.8% compared to HKD 55,061,000 for the same period in 2024[26] - The basic earnings per share for the six months ended September 30, 2025, was HKD 0.0153, down from HKD 0.0540 in 2024, based on a weighted average of 1,154,945,765 shares[27] - The renewable energy business recorded total revenue of approximately HKD 219,124,000, a decrease of about 63.2% compared to HKD 595,834,000 in the same period last year[40] Assets and Liabilities - Non-current assets increased to HKD 50,245,000 as of September 30, 2025, compared to HKD 44,889,000 as of March 31, 2025[6] - Current assets totaled HKD 700,001,000, down from HKD 761,696,000 at the end of March 2025[6] - Total liabilities decreased to HKD 354,069,000 from HKD 430,784,000 in the previous period[6] - The company's equity increased to HKD 396,177,000 as of September 30, 2025, compared to HKD 375,801,000 as of March 31, 2025[7] - The total trade receivables as of September 30, 2025, amounted to HKD 275,806,000, a decrease from HKD 291,314,000 as of March 31, 2025[29] - The provision for expected credit losses on trade receivables increased to HKD 32,366,000 as of September 30, 2025, from HKD 32,084,000 at the beginning of the period[30] - The total bank and other borrowings as of September 30, 2025, was HKD 104,886,000, an increase from HKD 94,358,000 as of March 31, 2025[32] - The aging analysis of trade payables as of September 30, 2025, showed a total of HKD 148,200,000, down from HKD 234,520,000 as of March 31, 2025[31] - The capital-to-debt ratio was approximately 30.6%, slightly up from about 29% at the end of the previous period[48] Cash Flow - For the six months ended September 30, 2025, the net cash generated from operating activities was HKD 5,629,000, a significant decrease from HKD 30,617,000 in the same period of 2024, representing an 81.6% decline[10] - Total cash and cash equivalents increased by HKD 46,651,000 to HKD 127,323,000 as of September 30, 2025, compared to HKD 159,976,000 at the end of the previous period[10] - Cash and cash equivalents increased to approximately HKD 127,323,000 from HKD 80,672,000, representing a growth of about 6.9%[46] Operational Overview - The company operates primarily in the renewable energy sector, focusing on providing one-stop value-added solutions for photovoltaic power stations and selling patented photovoltaic tracking support systems[14] - The majority of external customer revenue is derived from mainland China, with total revenue from this region being HKD 219,124,000 for the current period[17] - The group’s non-current assets are located in Hong Kong and China, indicating a strong regional focus on its operational base[18] - The company has implemented strict monitoring of trade receivables to minimize credit risk, with credit terms generally ranging from 30 to 90 days[29] - The cost of construction materials and supplies was HKD 110,465,000, down 65.1% from HKD 316,653,000 in the previous year[23] - The group reported a pre-tax loss for the six months ended September 30, 2025, with total expenses amounting to HKD 174,839,000, a decrease from HKD 507,599,000 in the same period of 2024[23] - Contract costs amounted to approximately HKD 174,839,000, down from HKD 507,599,000 in the previous year[41] - Administrative and other operating expenses totaled approximately HKD 23,507,000, a reduction of about 20.3% from HKD 29,482,000 in the same period last year[42] - Financing costs decreased by approximately 44.8% to HKD 1,381,000 from HKD 2,500,000 in the previous year[43] Shareholder Information - The company did not declare or pay any dividends for the six months ended September 30, 2025, and 2024[28] - The company’s weighted average number of shares increased from 1,017,761,858 in 2024 to 1,154,945,765 in 2025, reflecting a share issuance[26] - As of September 30, 2025, Mr. Wu Jianong held 749,986,515 shares, representing 61.12% of the company's equity[57] - The major shareholder, Zhenjie Limited, held 739,375,515 shares, accounting for 60.26% of the company's equity[59] - A share incentive plan was adopted on September 24, 2024, allowing for a maximum of 10% of the issued share capital (122,700,000 shares) to be awarded[60] - A total of 74,350,000 shares have been purchased in the market under the share incentive plan since its adoption, with no shares granted as rewards to date[62] - The share incentive plan allows for a maximum of 1% of the company's issued share capital to be granted as reward shares or options to selected participants[61] - The share incentive plan is effective for a period of 10 years starting from September 24, 2024[62] Governance and Compliance - The company has complied with all applicable corporate governance codes, except for the separation of the roles of Chairman and CEO, which are held by the same individual since August 11, 2016[54] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards[66] - The company has adopted the GEM Listing Rules regarding the code of conduct for securities trading by directors, with all directors confirming compliance for the six months ending September 30, 2025[65] - There are no significant events that require disclosure after September 30, 2025, up to the report date[67] - The company has no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[50] - There are no significant contingent liabilities or capital commitments as of the reporting date[51][52] Employment - As of September 30, 2025, the group had 173 employees, an increase from 162 employees as of March 31, 2025[53]

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: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 同景新能源集團控股有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08326 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,227,000,000 | | 0 | | 1,227,000,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,227,000,000 | | 0 | | 1,227,000,000 | 第 2 頁 共 ...

Core Viewpoint - Tongjing New Energy (08326.HK) reported a significant decline in financial performance for the six months ending September 30, 2025, with revenues dropping by 63.2% year-on-year [1] Financial Performance - The company achieved revenue of HKD 219 million, a decrease of 63.2% compared to the previous year [1] - Gross profit amounted to HKD 44.285 million, reflecting a year-on-year decline of 49.8% [1] - Profit attributable to owners for the period was HKD 17.724 million, down 67.8% year-on-year [1] - Basic earnings per share were HKD 0.0153 [1]

Core Viewpoint - Tongjing New Energy (08326) reported a significant decline in its interim results for the six months ending September 30, 2025, with revenues dropping by 63.22% year-on-year to HKD 219 million [1] Financial Performance - The company recorded a profit attributable to owners of HKD 17.72 million, representing a year-on-year decrease of 67.81% [1] - Earnings per share were reported at HKD 0.0153 [1]

Core Viewpoint - The company, ZhiQing New Energy, reported a significant decline in its financial performance for the six months ending September 30, 2025, with revenues dropping by 63.22% year-on-year and a substantial decrease in profit attributable to shareholders by 67.81% [1] Financial Performance - The company achieved revenue of HKD 219 million, representing a year-on-year decrease of 63.22% [1] - Profit attributable to shareholders was HKD 17.72 million, down 67.81% compared to the previous year [1] - Earnings per share were reported at HKD 0.0153 [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 219,124,000, a decrease of 63.24% compared to HKD 595,834,000 for the same period in 2024[4] - Gross profit for the same period was HKD 44,285,000, down 50.14% from HKD 88,235,000 in 2024[4] - The company achieved a profit before tax of HKD 20,558,000, representing a decline of 68.32% from HKD 64,869,000 in the previous year[4] - Net profit for the period was HKD 18,428,000, a decrease of 65.92% compared to HKD 55,798,000 in 2024[4] - Basic and diluted earnings per share were HKD 1.53, down from HKD 5.41 in the same period last year[4] - Total comprehensive income for the period was HKD 22,329,000, compared to HKD 64,103,000 in 2024, reflecting a decline of 65.12%[6] - The group reported a pre-tax loss of HKD 174,839,000 for the six months ended September 30, 2025, compared to HKD 507,599,000 in the previous year, reflecting a 65.5% reduction in losses[23] - The income tax expense for the period was HKD 2,130,000, a decrease of 76.5% from HKD 9,071,000 in the same period of 2024[24] - The net profit attributable to the company's owners was approximately HKD 17,724,000, down from HKD 55,061,000 in the previous year, mainly due to the impact of market pricing reforms in the renewable energy sector[46] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 1,050,246,000, a decrease from HKD 1,023,585,000 as of March 31, 2025[7] - Current liabilities totaled HKD 340,954,000, down from HKD 368,941,000 at the end of the previous reporting period[7] - The total bank and other borrowings as of September 30, 2025, amounted to HKD 104,886,000, an increase from HKD 94,358,000 as of March 31, 2025[32] - The company's trade receivables aged 0 to 30 days increased significantly to HKD 118,076,000 from HKD 52,184,000 as of March 31, 2025[29] - The provision for expected credit losses on trade receivables increased from HKD 32,084,000 at the beginning of the period to HKD 32,366,000 by September 30, 2025[29] - The company's trade payables aged 0 to 30 days decreased to HKD 27,751,000 from HKD 93,008,000 as of March 31, 2025[31] Cash Flow and Liquidity - The company's cash and cash equivalents increased to HKD 127,323,000 from HKD 80,672,000, indicating improved liquidity[7] - For the six months ended September 30, 2025, the net cash generated from operating activities was HKD 5,629,000, a significant decrease from HKD 30,617,000 in the same period of 2024, representing an 81.6% decline[10] - Total cash and cash equivalents increased by HKD 46,651,000, compared to an increase of HKD 115,658,000 in the prior year, indicating a 59.7% decrease in cash growth[10] - The group’s cash and cash equivalents at the end of the period were HKD 127,323,000, compared to HKD 159,976,000 at the end of the previous year, indicating a decrease of 20.5%[10] - Cash and cash equivalents increased to approximately HKD 127,323,000 from HKD 80,672,000, representing an increase of about 6.9%[48] Revenue Sources - Revenue from construction contracts for the six months ended September 30, 2025, was HKD 219,124,000, down 63.3% from HKD 595,834,000 in the same period of 2024[22] - The renewable energy business recorded total revenue of approximately HKD 219,124,000, a decrease of about 63.2% compared to HKD 595,834,000 in the same period last year[42] - The group’s interest income for the six months ended September 30, 2025, was HKD 458,000, down 59.4% from HKD 1,129,000 in the previous year[22] - The group’s major customer in the renewable energy segment contributed HKD 131,624,000, which accounted for over 10% of total revenue for the six months ended September 30, 2025[20] Operating Expenses - Administrative and other operating expenses totaled approximately HKD 23,507,000, a decrease of about 20.3% from HKD 29,482,000 in the previous year[44] - Financing costs were approximately HKD 1,381,000, a reduction of about 44.8% compared to HKD 2,500,000 in the same period last year[45] - The group’s employee benefits expenses, excluding directors and key management personnel, increased to HKD 14,793,000 from HKD 13,506,000, marking an increase of 9.5%[23] Shareholder Information - As of September 30, 2025, Mr. Wu Jianong holds 749,986,515 shares, representing 61.12% of the company[59] - The major shareholder, Zhenjie Limited, holds 739,375,515 shares, accounting for 60.26% of the company[61] - A share incentive plan was adopted on September 24, 2024, allowing for a maximum of 10% of the issued share capital (i.e., 122,700,000 shares) to be awarded[62] - A total of 74,350,000 shares have been purchased in the market under the share incentive plan since its adoption, with no shares rewarded as of the announcement date[65] - The share incentive plan allows for a maximum of 1% of the company's issued share capital to be granted as rewards to selected participants[63] Corporate Governance - The company has complied with all applicable corporate governance codes, except for the separation of the roles of Chairman and CEO, which are held by the same individual since August 11, 2016[56] - All directors confirmed compliance with the trading code for securities transactions during the six months ended September 30, 2025[69] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025, and confirmed compliance with applicable accounting standards[70] Future Plans and Developments - The company is focusing on developing floating photovoltaic support structures for offshore projects to meet market demand[41] - The company aims to enhance product performance and reduce electricity costs while promoting affordable grid access in the renewable energy sector[40] - The company plans to continue its operations and strategies in the EPC and photovoltaic sectors, leveraging the funds raised from the rights issue[68] Miscellaneous - The company did not declare or pay any dividends for the six months ended September 30, 2025, and 2024[27] - The company has not disclosed any significant events that occurred after September 30, 2025, up to the announcement date[71] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the six months ending September 30, 2025[58] - The company has not recognized any profit tax provision in Hong Kong due to no profits generated from that region[25] - The company has a tax provision for its Chinese subsidiaries at a rate of 25%, with one subsidiary qualifying for a reduced rate of 5%[26] - The interest rates on bank and other borrowings ranged from 2.24% to 2.8% as of September 30, 2025, compared to 2.9% to 3.65% as of March 31, 2025[32]

Core Viewpoint - The company expects a significant decrease in profit for the upcoming six months ending September 30, 2025, compared to the previous period, primarily due to the impact of market reforms in renewable energy pricing [1] Financial Performance - The company anticipates a profit attributable to shareholders of between HKD 16 million and HKD 19 million for the six months ending September 30, 2025 [1] - For the six months ending September 30, 2024, the profit attributable to shareholders was reported at HKD 55.061 million [1] Market Impact - The decline in revenue and gross profit from the renewable energy business is attributed to the reforms in the pricing mechanism for new energy [1]

Core Viewpoint - Tongjing New Energy (08326) anticipates a profit attributable to shareholders of HKD 16 million to HKD 19 million for the six months ending September 30, 2025, compared to a profit of HKD 55.061 million for the six months ending September 30, 2024, primarily due to a decline in revenue and gross profit from its renewable energy business influenced by the market-oriented pricing reform in the new energy sector [1]. Financial Performance - The expected profit for the six months ending September 30, 2025, is projected to be between HKD 16 million and HKD 19 million [1] - The profit for the six months ending September 30, 2024, was reported at HKD 55.061 million [1] Market Impact - The decline in revenue and gross profit is attributed to the impact of the new energy pricing market reform policy [1]