(Stock Code: 8348) (股份代號：8348) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear non-registered shareholder(s), Tianjin Binhai Teda Logistics (Group) Corporation Limited (the "Company") -Notice of Publication of 2025 Annual Report (the "Current Corporate Communications") Tianjin Binhai Teda Logistics (Group) Corporation Limited 天津濱海泰達物流集團股份有限公司 (A joint stock limited company incorporated in the People's Republic of China with limited liability) ( 於中華人民共和國註冊成立的股份有限公司） 本公司的本次公司通訊文件備有中、英文版本，並已上載於香港聯合交易所有限公司（「香港交 ...

Tianjin Binhai Teda Logistics (Group) Corporation Limited 天津濱海泰達物流集團股份有限公司 (A joint stock limited company incorporated in the People's Republic of China with limited liability) ( 於中華人民共和國註冊成立的股份有限公司） (Stock Code: 8348) (股份代號：8348) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear registered shareholder(s), Tianjin Binhai Teda Logistics (Group) Corporation Limited (the "Company") -Notice of Publication of 2025 Annual Report (the "Current Corporate Communications") The Current Corporate Communications of the Co ...

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。 天津濱海泰達物流集團股份有限公司 Tianjin Binhai Teda Logistics (Group) Corporation Limited* （於中華人民共和國註冊成立之股份有限公司） （股份代號：8348） 建議修訂本公司章程 天津濱海泰達物流集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，根據《公司法》 及相關法律法規和聯交所GEM證券上市規則（「GEM上市規則」）有關混合式股東會及電子投 票的新規定，本公司結合公司實際情況，董事會擬修訂本公司的公司章程（「公司章程」）之相 關條款。據此，本公司將於即將召開的2025年度股東週年大會（「股東週年大會」），建議修訂 公司章程相關條款，具體建議修訂如下： | 序號 | 原章程 | 修改後的章程 | | --- | --- | --- | | 1. | 第一條 | 第一條 | | | ⋯⋯ | ⋯⋯ | | | 公司的發起 ...

Financial Performance - The Group's consolidated results for the five accounting years ended December 31, 2025, are prepared in accordance with International Financial Reporting Standards[19] - The financial summary includes key performance indicators that reflect the Group's operational efficiency and profitability[18] - The Group's operating income for the year ended December 31, 2025, was approximately RMB2,021,100,000, a decrease of approximately 45.53% compared to RMB3,710,357,000 in 2024[24] - Loss attributable to equity holders of the Company amounted to approximately RMB34,642,000, compared to a profit of RMB5,898,000 in 2024[24] - Total assets decreased to approximately RMB1,408,326,000 in 2025 from RMB1,792,941,000 in 2024, a decline of RMB384,615,000[25] - Current assets also decreased to approximately RMB571,029,000 in 2025 from RMB893,878,000 in 2024, a decline of RMB322,849,000[25] - Net assets attributable to the parent company were approximately RMB864,820,000, down from RMB885,098,000 in 2024[25] - The Group's basic loss per share was approximately RMB0.10, compared to earnings of RMB0.02 in 2024[24] - The Group's operating income from supply chain and logistics services for finished automobiles and components was approximately RMB 820,005,000, a decrease of RMB 306,892,000 or 27.23% compared to the previous year[50] - The operating income from materials procurement services amounted to approximately RMB 1,165,841,000, representing a decrease of RMB 1,363,211,000 or 53.90% compared to the previous year[54] - The Group's operating loss from supply chain and logistics services for finished automobiles and components was approximately RMB 38,498,000, a decrease of RMB 39,116,000 compared to the previous year[50] - The Group's total comprehensive loss for the year was approximately RMB27,437,000, a decrease of RMB32,505,000 compared to a total comprehensive income of RMB5,068,000 in the previous year[77] - The Group's share of results from joint ventures and associates increased to approximately RMB11,548,000, an increase of RMB5,991,000 or 107.81% compared to RMB5,557,000 in the previous year[76] - The gearing ratio, defined as the ratio of total liabilities to total assets, improved to 32.96% as of December 31, 2025, down from 45.21% as of December 31, 2024[86] - The Group's employee count decreased significantly to 364 as of December 31, 2025, from 971 employees as of December 31, 2024[99] - The Board recommended not to declare a final dividend for the year ended December 31, 2025, compared to a dividend of RMB0.03 per share in the previous year[83] Governance and Compliance - The Company is committed to compliance with the GEM Listing Rules, ensuring transparency and accountability in its financial reporting[5] - The Directors confirm that the information contained in the report is accurate and complete in all material respects, with no misleading statements[5] - The Company has a robust governance structure with various committees, including an Audit Committee and a Remuneration Committee, to oversee financial practices[10] - The Group emphasizes the importance of compliance with laws and regulations, fulfilling tax obligations, and maintaining business ethics[145] - The Group is committed to fair and open procurement practices and fostering long-term relationships with suppliers[145] Business Strategy and Development - The Group's structure consists of multiple subsidiaries, including Tianjin TEDA Supply Chain Technology Co., Ltd. and Tianjin Fengtian Logistics Co., Ltd., indicating a diversified business model[16] - The Group focused on optimizing the operating income structure and enhancing quality control in material procurement services[30] - The Group established a fund and implemented its first project to explore new business growth paths through "fund + industry collaboration"[31] - The Group aims to adapt to external changes and seek high-quality business development in the upcoming 15th Five-Year Plan period[37] - The Group aims to enhance the operating efficiency of self-operated warehousing logistics assets and extend its core business to key links in the industrial chain by 2026[41] - The Group plans to optimize its business structure by shifting from a scale-oriented to a benefit-oriented approach in material procurement services[41] - The Group will focus on improving management efficiency by streamlining management levels and optimizing management processes[45] - The Group intends to promote the profitability reform of automobile logistics to stabilize its foundation and enhance market response capabilities[41] - The Group will explore new opportunities in warehousing and multimodal transport business, transitioning from a railway station operator to a service integrator[43] - The Group's logistics industry fund will be operated efficiently to reinforce the linkage of production and investment in logistics technology and smart supply chains[43] Environmental, Social, and Governance (ESG) Initiatives - The Group aims to integrate environmental, social, and governance (ESG) principles into its daily operations, responding to various environmental protection commitments made by multiple countries[110] - The Group has adopted a quantitative reporting principle, disclosing measurable key performance indicators (KPIs) to enhance understanding of its sustainability performance[114] - The Board of Directors is responsible for overseeing the Group's ESG strategy and holds meetings at least once a year to review ESG-related risks and opportunities[120] - An ESG Working Group has been established to implement specific ESG issues, monitor performance, and ensure compliance with relevant laws and regulations[123] - The Group emphasizes risk management related to climate change and environmental regulations, integrating ESG management into its enterprise risk management system[124] - The Group engages with external experts and maintains communication with internal advisory groups to stay updated on ESG laws and regulations that may impact its business[125] - The Group's strategy development considers government support, market environment, and environmental impacts from logistics operations, ensuring a balanced business plan[125] - The Group's governance structure is designed to align ESG governance with its business strategy, ensuring effective risk management and internal controls[120] - The Group aims to achieve its sustainability goals by 2025, focusing on both outstanding achievements and areas for improvement in its ESG performance[115] - The Group has established an Environmental, Social, and Governance (ESG) working team to oversee and implement ESG-related tasks, ensuring compliance with relevant laws and regulations[126] - The Group is committed to integrating ESG management into its corporate risk management system, focusing on climate change and environmental regulations[127] - The Group aims to control energy consumption per thousand square meters and reduce reliance on resource consumption, recognizing energy use as a significant environmental impact[128] - Internal ESG KPIs have been set to minimize negative environmental impacts, including electricity and fuel consumption per thousand square meters, which are monitored by the Board[129] - The Group is enhancing energy efficiency in logistics and exploring renewable fuel opportunities to reduce carbon emissions and improve energy consumption rates[135] - Stakeholder engagement is emphasized as key to sustainable development, with regular communication to understand expectations and facilitate the achievement of sustainable targets[141] - The Group identified four significant ESG issues: employee remuneration and benefits, safety of goods, anti-corruption policies, and critical incident risk responsiveness[151] - The Group aims to achieve zero workplace accidents by implementing occupational health and safety policies[154] - The Group supports the United Nations Sustainable Development Goals (SDGs) and aligns its business priorities with SDGs 3, 9, and 13[153] - An independent third party conducted a materiality assessment to ensure the accuracy and objectivity of the evaluation[147] - The Group's materiality assessment reflects stakeholders' main concerns and interests, guiding its sustainable development efforts[146] Environmental Performance - The Group prioritizes environmental protection and resource consumption management as part of its sustainability strategy[151] - The Group aims to enhance energy efficiency and reduce GHG emissions by optimizing transportation methods and upgrading old assets[158] - In 2025, the Group's total air emissions decreased compared to 2024, with SOX emissions at 1.0 kg and NOX emissions at 2,125.3 kg[172] - The Group's wastewater discharge decreased by approximately 15% compared to 2024, with a total of 13,564.0 m³ in 2025[175] - The Group has set environmental targets to be achieved by December 31, 2027, including maintaining or reducing GHG emissions of 14.3 tCO2 per 1,000 m²[168] - The Group's non-hazardous waste discharge was 378.0 tonnes in 2025, a decrease from 455.1 tonnes in 2024[172] - The Group is committed to complying with all applicable environmental laws and regulations, with no significant violations reported in 2025[170] - The Group's energy consumption was recorded at 36.6 MWh per 1,000 m², with a target to maintain or reduce this level[168] - The Group's non-hazardous wastewater was estimated at 84.5 m³ per 1,000 m², with performance monitored based on water consumption targets[168] - The Group's hazardous waste was minimal, with only 0.1 tonnes reported in 2025[172] - In 2025, the total floor area of the Group was approximately 626,884.30 m², a decrease from approximately 678,156.7 m² in 2024[179] - The Group's total energy consumption in 2025 was 3,705.8 MWh, down from 11,261.5 MWh in 2024, indicating a significant reduction in energy usage[188] - Diesel consumption decreased to approximately 39,555 L in 2025 from approximately 682,754.9 L in 2024, while gasoline consumption dropped to approximately 25,879.5 L from approximately 46,456.4 L[189] - The Group's electricity consumption in 2025 was 2,107.6 MWh, down from 2,550.6 MWh in 2024, reflecting improved operational energy efficiency[188] - Water consumption decreased to 16,955.0 m³ in 2025 from 19,776.0 m³ in 2024, showing a commitment to reducing resource usage[188] - The Group's wastewater discharge is expected to decrease by approximately 15% in 2025 compared to 2024[178] - The Group's non-hazardous waste decreased in 2025 compared to 2024, with proper disposal managed by qualified third parties[181] - The Group has implemented systematic energy-saving measures to continuously lower energy consumption and enhance low-carbon operations[191] - The Group's total use of resources includes diesel, gasoline, electricity, steam, water, and paper, with specific reductions noted across these categories[187] - The Group aims to improve energy efficiency and explore renewable energy sources as part of its sustainable development strategy[190] - The Group's total electricity consumption in 2025 decreased compared to 2024, attributed to improved operational efficiency, business scale adjustments, and effective energy-saving measures[193] - The Group's steam consumption in 2025 decreased compared to 2024 due to adjustments in heating methods, with heating output regulated according to external temperatures[194] - Water consumption in 2025 decreased compared to 2024, with no issues in obtaining suitable water sources from municipal supply[195] - The Group provided water awareness training to employees and implemented measures to prevent leakage in old pipe networks[198] - The amount of paper consumed by the Group in 2025 decreased compared to 2024, with initiatives to promote a paperless office and improve conservation practices[200]

Financial Performance - The company announced its audited consolidated financial performance for the year ending December 31, 2025[2]. - The financial summary will be available in the annual report, which will be sent to shareholders and accessible on the Stock Exchange and the company's website[2]. - The board of directors confirmed that the information in the report is accurate and complete in all material respects, with no misleading or deceptive elements[9]. - The company operates under the GEM listing rules, which cater to small and mid-sized companies, indicating a higher investment risk compared to those on the Main Board[6]. - The report includes a management discussion and analysis section, which will provide insights into the company's performance and strategies[11]. - The company is committed to transparency and will publish the report on the Stock Exchange's website for seven days following its release[4]. - The Group's operating income for the year ended 31 December 2025 was approximately RMB2,021,100,000, a decrease of approximately 45.53% compared to RMB3,710,357,000 in 2024[28]. - Loss attributable to equity holders of the Company for the year was approximately RMB34,642,000, compared to a profit of RMB5,898,000 in 2024[28]. - Total assets as of 31 December 2025 were approximately RMB1,408,326,000, a decrease of RMB384,615,000 from RMB1,792,941,000 in 2024[29]. - Current assets as of 31 December 2025 were approximately RMB571,029,000, down RMB322,849,000 from RMB893,878,000 in 2024[29]. - Net assets attributable to the parent company at the end of the period were approximately RMB864,820,000, a slight decline from RMB885,098,000 in 2024[29]. - Losses per share for the year were approximately RMB0.10, compared to earnings of RMB0.02 in 2024[28]. - Total comprehensive loss for the year attributable to equity holders was approximately RMB9,466,000, compared to income of RMB4,905,000 in 2024[28]. Operational Strategies - The Group focused on optimizing the operating income structure and enhancing quality control in material procurement services to stabilize core profit[34]. - The Group obtained qualifications for railway container arrival and shipment, expanding its service categories in warehouse and multimodal transport[35]. - A fund was established, and the first project was implemented to explore a "fund + industry collaboration" development model for new business growth[35]. - The Group aims to enhance the operating efficiency of self-operated warehousing logistics assets and extend its core business into key links of the industrial chain[45]. - The Group plans to transform its material procurement service business from a scale-oriented approach to a benefit-oriented model, eliminating low-margin and high-risk operations[45]. - The Group is exploring new growth opportunities in warehousing and multimodal transport, transitioning from a railway station operator to a service integrator[47]. - The Group's logistics industry fund will be operated efficiently to promote collaboration between invested enterprises and the core business[48]. - The Group aims to reduce management expenses and financing costs through precise financial management and control[40]. - The Group's strategic focus for 2026 includes maintaining development based on core business while adapting to external changes and challenges[41]. Employee and Governance - The Group has a structured board with various committees, including an audit committee, to ensure governance and oversight[14]. - The Group employs a performance-based remuneration system for employees, linking pay to quarterly and annual appraisal results[110]. - The Group provides various employee benefits, including pension, unemployment, labor injury, medical insurance, and housing fund[110]. - The Group had a total of 364 employees as of December 31, 2025, a significant decrease from 971 employees as of December 31, 2024[103]. - The Board does not recommend a final dividend for the year ended December 31, 2025, compared to a dividend of RMB 0.03 per share in the previous year[82]. Environmental, Social, and Governance (ESG) - The Group's operations are expected to align with environmental, social, and governance (ESG) commitments, responding to carbon neutrality targets set by multiple nations[113]. - The Group adheres to the "Environmental, Social and Governance Reporting Code" to ensure transparency and accountability in its sustainability reporting[117]. - The Board of Directors is responsible for overseeing ESG-related issues and ensuring that ESG management is integrated into business operations and decision-making[124]. - The Group has established an ESG Working Group to implement specific ESG issues, composed of management personnel from various departments, ensuring clear division of labor and accountability[127]. - The Group emphasizes the importance of stakeholder engagement in identifying material ESG issues for future strategy development[117]. - The Group aims to control energy consumption per thousand square meter and reduce dependence on resource consumption, recognizing energy consumption as a significant environmental impact of the logistics industry[132]. - The Group is committed to improving energy efficiency and exploring renewable fuels to reduce carbon emissions and enhance environmental performance[139]. - The Group aligns its business and sustainability priorities with the United Nations Sustainable Development Goals (SDGs), specifically SDGs 3, 9, and 13[157]. - The Group has set environmental targets to be achieved by December 31, 2027, based on 2022 as the base year[169]. - The Group has formulated the "Emergency Management Measures" to enhance risk management related to climate change[163]. Sustainability and Resource Management - The Group has implemented measures to reduce water consumption, with total water consumption at 87.1 m3/'000 m2 in 2022, aiming to maintain or reduce this level[172]. - The Group's total air emissions decreased compared to 2024, with SOX emissions at 1.0 kg/'000 m2, NOX at 2,125.3 kg/'000 m2, and PM at 155.8 kg/'000 m2[176]. - The Group's wastewater discharge decreased by approximately 15% in 2025 compared to 2024, with a total of 13,564.0 m3[179]. - Non-hazardous waste generated in 2025 was 378.0 tonnes, a decrease from 455.1 tonnes in 2024, with an intensity of 0.6 tonnes/'000 m2[176]. - Hazardous solid waste in 2025 was 0.1 tonnes, down from 1.2 tonnes in 2024, with an intensity of 0.0002 tonnes/'000 m2[176]. - The Group's emissions are in compliance with all applicable environmental laws and regulations, with no significant violations reported[174]. - The Group has installed professional containers for grease separation and storage to manage wastewater effectively[180]. - The Group aims to improve the energy efficiency of its vehicle fleet and explore renewable energy opportunities[194]. - The Group has committed to adhering to internal policies for resource management and sustainability[190].

天津濱海泰達物流集團股份有限公司(「本公司」)董事(「董事」)會（「董事會」）謹 此宣佈，董事會會議將於二零二六年三月十八日（星期三）上午九時，假座中華人民共 和國（「中國」）天津經濟技術開發區渤海路 39 號本公司會議室舉行，以處理下列事項： 天津濱海泰達物流集團股份有限公司 Tianjin Binhai Teda Logistics (Group) Corporation Limited * 承董事會命 天津濱海泰達物流集團股份有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司(「聯交所」)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，並明確表示概不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。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8348） 董事會會議通告 1. 考慮及批准本公司截至二零二五年十二月三十一日止年度之經審核全年業績， 並批 准將於聯交所網站及本公司網站刊載的全年業績公告草稿及年報草稿； 2. 考慮派發末期股息（如有）事宜； 3. 考慮暫停辦理本公司股份過戶登記手續（如需要）；及 4. 處理任何其他事項（如有）。 ...

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 公司名稱: 天津濱海泰達物流集團股份有限公司(於中華人民共和國註冊成立之股份有限公司) 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 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) | 08348 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 354,312,000 | RMB | | 1 RMB | | 354,312,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 354,312,000 | RMB | | 1 RMB | | 354,312,000 | 本月 ...

Group 1 - The top-performing stock among state-owned enterprises is Tianye Water Conservation, with a price increase of 22.22% [1] - On February 20, Tianye Water Conservation opened at HKD 0.248, reached a high of HKD 0.248, and closed at HKD 0.231 [1] - The stock's previous closing price was HKD 0.189, indicating a significant rise [2] Group 2 - The second highest increase was Shanghai Qingpu Fire Protection, with a price increase of 20.00%, closing at HKD 15.000 [2] - Tianjie Environment ranked third with a 12.17% increase, closing at HKD 2.120 [2] - Other notable performers include China Railway with an 8.48% increase, and Binhai Teda Logistics with a 7.69% increase [2]

Company Performance - The company, Binhai TEDA Logistics, announced a significant decline in expected revenue for the fiscal year 2025, projecting approximately 2.02 billion yuan, a decrease of about 1.69 billion yuan year-on-year [2] - The company anticipates a net loss attributable to shareholders of between 23 million yuan and 38 million yuan, contrasting with a net profit of 4.9 million yuan in the same period of 2024, indicating a shift from profit to loss [2] - In the first half of 2025, revenue has already decreased by 35.35% year-on-year, with the automotive logistics segment reporting an operational loss of 9.318 million yuan [4] Market Reaction - On February 12, 2026, the company's stock price fell by 13.33% to 0.39 HKD, with a trading volume of 313,600 HKD and a turnover rate of 0.23%, reflecting a significant market reaction to the profit warning [1] - The stock price broke below the 5-day moving average and the middle band of the Bollinger Bands, indicating increased short-term selling pressure [3] - Despite a net inflow of 290,700 HKD from retail investors, there was no inflow from institutional investors, highlighting low market participation [3] Industry Context - On February 12, the Hong Kong supply chain management sector declined by 1.58%, with the Hang Seng Index down by 0.86%, indicating broader market challenges [5] - The automotive logistics business contraction, combined with industry-wide demand weakness and cost pressures, has heightened investor concerns regarding the company's performance [5] Valuation Metrics - The company's current price-to-book ratio stands at 0.14, suggesting asset undervaluation, while the price-to-earnings ratio is at 20.11, indicating skepticism among investors regarding the company's ability to recover profits [4] - The dividend yield is reported at 8.33%, which may attract income-focused investors despite the overall performance concerns [4]

Core Viewpoint - Binhai TEDA Logistics (08348) anticipates a significant decline in revenue and an expected net loss for the fiscal year ending December 31, 2025, compared to the previous year [1] Financial Performance - Estimated revenue for 2025 is approximately RMB 2.02 billion, a decrease of about RMB 1.69 billion compared to RMB 3.71 billion in 2024 [1] - Expected net loss attributable to shareholders is projected to be between RMB 23 million and RMB 38 million, a decline of approximately RMB 27.9 million to RMB 42.9 million compared to a net profit of RMB 4.9 million in 2024 [1] Business Strategy and Challenges - The board attributes the revenue decline primarily to a proactive optimization of the business structure and a strategic shift towards more economically viable and controllable risk businesses [1] - The automotive logistics segment has been adversely affected by cost-cutting policies from core clients, leading to a contraction in business scale and a significant drop in revenue [1] - To address market challenges, the company has implemented personnel optimization in the automotive logistics sector, with an anticipated annual net loss of approximately RMB 38 million for this business [1]