[Announcement Background and Purpose](index=1&type=section&id=Announcement%20Background%20and%20Purpose) This announcement supplements Splendecor International Holdings Limited's 2024 annual report, providing additional details on the share option scheme [Announcement Overview and Annual Report Reference](index=1&type=section&id=Announcement%20Overview%20and%20Annual%20Report%20Reference) This announcement supplements Splendecor International Holdings Limited's 2024 annual report, primarily providing information related to the share option scheme - This announcement supplements Splendecor International Holdings Limited's 2024 annual report, primarily providing information related to the share option scheme[2](index=2&type=chunk) [Supplemental Disclosure on Share Option Scheme](index=1&type=section&id=Supplemental%20Disclosure%20on%20Share%20Option%20Scheme) This section provides additional details regarding the company's share option scheme, including ungranted options and exercise periods [Ungranted Share Options](index=1&type=section&id=Ungranted%20Share%20Options) No share options were granted from the listing date to December 31, 2024, with 50,000,000 unexercised options available - No share options were granted by the company from its listing date up to December 31, 2024[3](index=3&type=chunk) Number of Unexercised Share Options | Date | Number of Unexercised Share Options (units) | | :--- | :--- | | January 1, 2024 | 50,000,000 | | December 31, 2024 | 50,000,000 | [Share Option Exercise Period](index=1&type=section&id=Share%20Option%20Exercise%20Period) The exercise period for share options is determined by the Board, not exceeding ten years from the offer date - The exercise period for share options is determined at the Board's sole discretion, not exceeding ten years from the offer date[3](index=3&type=chunk) [Impact of Supplemental Information on Annual Report](index=2&type=section&id=Impact%20of%20Supplemental%20Information%20on%20Annual%20Report) This supplemental information does not alter other details in the 2024 annual report, which remain unchanged - The supplemental information provided does not affect other details in the 2024 annual report, with all other information remaining unchanged[4](index=4&type=chunk) [Other Information Disclosure](index=2&type=section&id=Other%20Information%20Disclosure) This section covers the Board's composition, directors' responsibilities, and publication details of the announcement [Board of Directors Composition](index=2&type=section&id=Board%20of%20Directors%20Composition) As of the announcement date, the Board comprises three executive directors and three independent non-executive directors - As of the announcement date, the Board includes three executive directors and three independent non-executive directors[6](index=6&type=chunk) - Executive directors are Mr Sheng Yingming (Chairman, CEO), Mr Fang Xu, and Ms Sheng Sainan[6](index=6&type=chunk) - Independent non-executive directors are Mr Ma Lingfei, Mr Cao Bingchang, and Ms Wong Yuetyuen[6](index=6&type=chunk) [Directors' Responsibility Statement](index=2&type=section&id=Directors'%20Responsibility%20Statement) Directors assume full responsibility for the announcement's content, confirming its accuracy, completeness, and integrity - Directors collectively and individually assume full responsibility for this announcement, confirming its accuracy, completeness, and absence of misleading or fraudulent content[7](index=7&type=chunk) [Announcement Publication and Language Versions](index=2&type=section&id=Announcement%20Publication%20and%20Language%20Versions) The announcement will be published on GEM and company websites for at least seven days; English version prevails - This announcement will be published on the GEM website (http://www.hkgem.com) and the company website (http://www.splendecor.com) for at least seven days from the publication date[8](index=8&type=chunk) - In case of any discrepancy between the Chinese and English versions of this announcement, the English version shall prevail[9](index=9&type=chunk)

Core Viewpoint - Shenglong Jinxiu International (08481) reported a revenue of 271 million yuan for the six months ending June 30, 2025, representing a year-on-year increase of 3.8% [1] - The profit attributable to the company's owners was 19.954 million yuan, a year-on-year increase of 31.85%, with earnings per share of 4.47 cents [1] Revenue Breakdown - The increase in revenue was driven by growth in both overseas and Chinese markets [1] - Revenue from overseas markets increased by approximately 7.2%, primarily due to rising demand from the United Arab Emirates, India, and other international markets [1] - Demand from Chinese customers remained stable, with a slight increase of about 2.2% compared to the same period [1] Product Performance - The revenue growth was mainly attributed to increased sales of key products such as decorative paper, melamine-impregnated paper, and PVC flooring film [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Shenglong Jinxiu International (08481) for the six months ending June 30, 2025, showing a revenue of 271 million yuan, an increase of 3.8% year-on-year [1] - The profit attributable to the company's owners reached 19.954 million yuan, reflecting a significant increase of 31.85% compared to the same period last year [1] - Earnings per share for the company stood at 4.47 cents [1] Group 2 - The revenue growth was driven by increases in both overseas and domestic markets, with overseas revenue rising approximately 7.2%, primarily due to increased demand from the United Arab Emirates, India, and other international markets [1] - Demand from Chinese customers remained stable, with a slight increase of about 2.2% compared to the corresponding period [1] - The main contributors to revenue growth during this period were sales increases in key products such as decorative paper, melamine-impregnated paper, and PVC flooring film [1]

[Company Announcements and Disclaimers](index=1&type=section&id=Company%20Announcements%20and%20Disclaimers) This section provides official announcements and disclaimers regarding the interim results and market characteristics [Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) Shenglong Jinxiu International Limited is pleased to announce its unaudited condensed consolidated interim results for the six months ended June 30, 2025, with this announcement containing the full interim report and complying with relevant GEM Listing Rules of the Stock Exchange - The Company announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025[2](index=2&type=chunk) - This announcement complies with the information requirements of the GEM Listing Rules of the Stock Exchange regarding preliminary announcements of interim results[2](index=2&type=chunk) [Board Members and Responsibility Statement](index=2&type=section&id=Board%20Members%20and%20Responsibility%20Statement) As of the announcement date, the Board comprises three executive directors (Sheng Yingming, Fang Xu, Sheng Sainan) and three independent non-executive directors (Ma Lingfei, Cao Bingchang, Zheng Yong); all directors jointly and individually assume full responsibility for the announcement's content and confirm its accuracy, completeness, and lack of misleading information - The Board of Directors includes three executive directors: **Mr. Sheng Yingming**, **Mr. Fang Xu**, and **Ms. Sheng Sainan**[4](index=4&type=chunk) - The Board of Directors includes three independent non-executive directors: **Mr. Ma Lingfei**, **Mr. Cao Bingchang**, and **Mr. Zheng Yong**[4](index=4&type=chunk) - The directors confirm that the information contained in the announcement is accurate and complete in all material respects, and contains no misleading or fraudulent statements[5](index=5&type=chunk) [GEM Market Characteristics and Disclaimer](index=3&type=section&id=GEM%20Market%20Characteristics%20and%20Disclaimer) The GEM market provides a listing platform for small and medium-sized companies with higher investment risks, requiring investors to exercise caution; Hong Kong Exchanges and Clearing Limited and The Stock Exchange are not responsible for this report's content, make no statement as to its accuracy or completeness, and accept no liability for any loss - The GEM market provides a listing platform for small and medium-sized companies with higher investment risks, and investors should understand the potential risks[7](index=7&type=chunk) - Hong Kong Exchanges and Clearing Limited and The Stock Exchange take no responsibility for the contents of this report, make no representation as to its accuracy or completeness[7](index=7&type=chunk) [Company Information](index=4&type=section&id=Company%20Information) This section details the company's board members, committees, key advisors, and operational locations [Board and Committee Members](index=4&type=section&id=Board%20and%20Committee%20Members) The Company's Board of Directors consists of executive directors Sheng Yingming, Fang Xu, Sheng Sainan, and independent non-executive directors Cao Bingchang, Ma Lingfei, Zheng Yong; Mr. Cao Bingchang chairs the Audit Committee, Mr. Zheng Yong chairs the Remuneration Committee, and Mr. Ma Lingfei chairs the Nomination Committee - Executive directors include **Mr. Sheng Yingming**, **Mr. Fang Xu**, and **Ms. Sheng Sainan**[9](index=9&type=chunk) - Independent non-executive directors include **Mr. Cao Bingchang**, **Mr. Ma Lingfei**, and **Mr. Zheng Yong**[9](index=9&type=chunk) - The Audit Committee Chairman is **Mr. Cao Bingchang**, the Remuneration Committee Chairman is **Mr. Zheng Yong**, and the Nomination Committee Chairman is **Mr. Ma Lingfei**[9](index=9&type=chunk) [Key Advisors and Offices](index=4&type=section&id=Key%20Advisors%20and%20Offices) The Company's legal advisor is Tongli Law Firm (Limited Liability Partnership), and its auditor is Tianjian International Certified Public Accountants Co., Ltd. Principal bankers include China Construction Bank and Shanghai Pudong Development Bank. The Company maintains a registered office in the Cayman Islands and principal places of business in Hong Kong and Zhejiang Province, China - The legal advisor as to Hong Kong law is Tongli Law Firm (Limited Liability Partnership)[9](index=9&type=chunk) - The auditor is Tianjian International Certified Public Accountants Co., Ltd[9](index=9&type=chunk) - The principal bankers are China Construction Bank Corporation and Shanghai Pudong Development Bank Co., Ltd[9](index=9&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) This section offers a comprehensive review of the group's business operations, financial performance, liquidity, and future outlook [Business Review](index=5&type=section&id=Business%20Review) The Group is primarily engaged in manufacturing and selling decorative printing material products, including decorative paper, melamine impregnated paper, and PVC floor film, serving over 500 domestic and international clients across more than 40 countries during the period - The Group is principally engaged in the manufacture and sale of decorative printing material products, including decorative paper, melamine impregnated paper, and PVC floor film[11](index=11&type=chunk) - During the period, the Group served over **500+ customers** in domestic and international markets, with overseas sales spanning more than **40+ countries** across Asia, North America, South America, Europe, Oceania, and Africa[11](index=11&type=chunk) [Financial Review](index=5&type=section&id=Financial%20Review) Revenue for the period increased by **3.8%** to **RMB 270.5 million**, driven primarily by increased overseas market demand; cost of sales decreased by **8.4%**, gross profit significantly grew by **34.5%** to **RMB 99.7 million**, and gross profit margin improved to **36.9%**; administrative expenses rose by **33.3%** due to increased salaries, benefits, and pre-operating costs for the new plant, while net other income significantly decreased by **98.5%** due to exchange losses Key Financial Metrics Changes (For the six months ended June 30, 2025) | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 270.5 | 260.6 | +3.8% | | Cost of sales | 170.8 | 186.5 | -8.4% | | Gross profit | 99.7 | 74.1 | +34.5% | | Gross profit margin | 36.9% | 28.4% | +8.5 percentage points | | Selling expenses | 22.5 | 21.1 | +6.4% | | Administrative expenses | 48.8 | 36.6 | +33.3% | | Net other income and gains | 0.1 | 5.2 | -98.5% | | Net finance costs | 5.3 | 5.1 | +5.0% | | Income tax expense | 3.3 | 1.4 | +135.7% | | Profit attributable to owners of the Company | 19.9 | 15.1 | +31.8% | - The increase in revenue was mainly driven by increased demand from overseas markets (especially the United Arab Emirates and India) and the Chinese market[12](index=12&type=chunk) - The decrease in cost of sales was primarily due to lower production materials such as base paper and other production costs[13](index=13&type=chunk) - The increase in administrative expenses was mainly due to higher staff salaries and benefits for administrative employees, entertainment expenses, and pre-operating infrastructure costs for the new manufacturing plant in Shexian[16](index=16&type=chunk) - The significant decrease in net other income and gains was mainly due to exchange losses recorded from the depreciation of the US dollar against the RMB[17](index=17&type=chunk) [Liquidity, Financial Resources, and Capital Structure](index=7&type=section&id=Liquidity%2C%20Financial%20Resources%2C%20and%20Capital%20Structure) As of June 30, 2025, the Group's current assets were approximately **RMB 354.6 million**, current liabilities approximately **RMB 187.0 million**, with the current ratio increasing to **1.90 times**; total bank borrowings rose to **RMB 468.9 million**, and the gearing ratio increased to **1.61**, primarily due to higher long-term bank borrowings Liquidity and Capital Structure (As of June 30, 2025) | Metric | As of June 30, 2025 (RMB million) | As of December 31, 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Current assets | 354.6 | 324.4 | +9.3% | | Current liabilities | 187.0 | 287.9 | -35.0% | | Current ratio | 1.90 times | 1.13 times | +0.77 times | | Total bank borrowings | 468.9 | 380.8 | +23.1% | | Gearing ratio | 1.61 | 1.37 | +0.24 | - The increase in the current ratio was mainly due to a decrease in bills payable and payables for the acquisition of property, plant and equipment[21](index=21&type=chunk) - The increase in the gearing ratio was mainly due to an increase in long-term bank borrowings during the period[22](index=22&type=chunk) - The Group faces various currency foreign exchange risks primarily related to USD, EUR, and HKD, which are regularly monitored and hedged[23](index=23&type=chunk) [Capital Commitments and Employee Information](index=8&type=section&id=Capital%20Commitments%20and%20Employee%20Information) As of June 30, 2025, the Group's contracted but unprovided capital expenditure for the acquisition of property, plant and equipment was approximately **RMB 108.9 million**; the number of employees increased to **460**, with staff costs of approximately **RMB 48.7 million**; there were no significant investments, acquisitions, or disposals of subsidiaries during the period Capital Commitments and Employee Data | Metric | As of June 30, 2025 (RMB million) | As of December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Capital expenditure for acquisition of

Group 1 - The stock price of Shenglong Jinxiu International (08481.HK) closed at 0.500 HKD on August 6, reflecting a 1.01% increase from the previous trading day, with an intraday low of 0.206 HKD, marking a new low for the past year [1] - The net capital inflow for the day was 95,385 HKD, with no recorded outflow [1] - Shenglong Jinxiu International, founded in 1993 in Hangzhou, Lin'an, is one of the few global leaders in providing comprehensive solutions for decorative materials, including color design, plate-making technology, ink technology, printing technology, and immersion glue technology [1] Group 2 - The company has developed a significant manufacturing base in China's decorative paper industry, with its first factory covering an area of 47,850 square meters and the second factory covering 100,000 square meters [1] - Shenglong has pioneered the introduction of the world's most advanced original imported decorative paper printing lines, owning multiple unique professional printing production lines [1]

（於開曼群島註冊成立的有限公司） （股份代號：8481） 董事會會議通告 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 就 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。 SHENGLONG SPLENDECOR INTERNATIONAL LIMITED 盛龍錦秀國際有限公司 主 席、行 政 總 裁 兼 執 行 董 事 香 港，2025年8月1日 於 本 公 告 日 期，董 事 會 成 員 包 括(i)三 名 執 行 董 事：盛 英 明 先 生、方 旭 先 生 及 盛 賽 男 女 士；及(ii)三 名 獨 立 非 執 行 董 事：馬 靈 飛 先 生、曹 炳 昌 先 生 及 鄭 永 先 生。 – 1 – 本公告載有根據香港聯合交易所有限公司GEM證券上市規則須提供有關本公 司 資 料 的 詳 情，董 事 就 本 公 告 共 同 及 個 別 承 擔 全 部 責 任。董 事 在 作 出 ...

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: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 盛龍錦秀國際有限公司 ((於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 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) | 08481 | 說明 | 盛龍錦秀國際 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000 ...

Company Overview - Shenglong Jinxiu International (08481.HK) reported a closing price of HKD 0.39 per share, with a significant increase of 27.87% on June 19 [1] - The company experienced a cumulative decline of 35.11% over the past month, while year-to-date, it has seen a modest increase of 1.67%, underperforming the Hang Seng Index by 18.2% [1] - Financial results for the year ending December 31, 2024, indicate total revenue of HKD 586 million, representing a year-on-year growth of 8.34%, and a net profit attributable to shareholders of HKD 47.51 million, up 67.58% [1] Financial Metrics - Shenglong Jinxiu International has a gross margin of 32.5% and a debt-to-asset ratio of 68.13% [1] - The company's price-to-earnings (P/E) ratio stands at 2.54, ranking first in its industry, compared to the industry average P/E of 19.19 and median of 3.68 [2] Industry Context - The industrial support sector has a P/E ratio average of 19.19, with Shenglong Jinxiu International significantly below this average [2] - The company is recognized as one of the few global leaders in decorative materials production, specializing in a comprehensive range of technologies including color design, printing, and coating [2] Major Shareholder Activity - On June 13, 2025, major shareholder Chen Deqin reduced his holdings by 2.8 million shares at an average price of HKD 0.3, now holding 301.3 million shares, which constitutes 61.43% of the company [3]

Company Overview - Shenglong Jinxiu International Co., Ltd. was founded in 1993 in Lin'an, Hangzhou, and is one of the few global leaders in providing comprehensive solutions for decorative materials, including color design, plate-making technology, ink technology, printing technology, and immersion rubber technology [2] - The company has developed steadily over 30 years and boasts one of the largest single manufacturing bases in China's decorative paper industry, with a first factory area of 47,850 square meters and a second factory area of 100,000 square meters [2] - Shenglong has independently developed multiple unique professional printing production lines and was the first in the industry to introduce the world's most advanced original imported decorative paper printing line [2] Financial Performance - As of December 31, 2024, Shenglong Jinxiu International achieved total operating revenue of 586 million yuan, representing a year-on-year growth of 8.34% [1] - The net profit attributable to the parent company was 47.513 million yuan, showing a significant year-on-year increase of 67.58% [1] - The gross profit margin stood at 32.5%, while the asset-liability ratio was 68.13% [1] Market Position and Valuation - The average price-to-earnings (P/E) ratio for the industrial support sector is 17.09 times, with a median of 4.41 times [1] - Shenglong Jinxiu International has a P/E ratio of 2.72 times, ranking third in the industry, compared to other companies such as Zhongbao New Materials (2.25 times), Changda Holdings (2.67 times), and Wan Cheng Group (4.41 times) [1]

Financial Performance - The company's revenue reached RMB 585.6 million, an increase of 8.3% compared to RMB 540.5 million in the previous year[7]. - Profit before tax increased by 67.7% to RMB 55.3 million from RMB 33.0 million[7]. - Net profit attributable to the owners of the company rose by 67.6% to RMB 47.5 million from RMB 28.4 million[7]. - Basic and diluted earnings per share increased to RMB 9.87, up by RMB 4.20 from RMB 5.67[7]. - The gross profit margin improved to 32.5%, up from 28.9%[7]. - The net profit margin increased to 8.1%, compared to 5.2% in the previous year[7]. - Gross profit rose significantly to approximately RMB 190.3 million, an increase of about 21.9% from RMB 156.1 million, with the gross margin improving to approximately 32.5% from 28.9%[23]. - Other income and gains increased to approximately RMB 9.0 million, mainly due to higher government grants and foreign exchange gains[27]. Assets and Liabilities - Non-current assets increased by 40.8% to RMB 550.5 million from RMB 390.9 million[7]. - As of December 31, 2024, the group's current assets were approximately RMB 324.4 million, with a current ratio of about 1.13, down from 1.28 in the previous year[32]. - Total bank borrowings increased by approximately 51.7% to RMB 380.8 million, resulting in a debt-to-equity ratio of about 1.37, up from 0.98[33]. - The company has committed capital expenditures of approximately RMB 158.9 million for the acquisition of properties, plants, and equipment, up from RMB 20.9 million in 2023[41]. Operational Developments - The company acquired land use rights for approximately 122,836 square meters in the Shexian Economic Development Zone for new factory and industrial research center construction[16]. - Construction contracts for the new factory and research center were signed, with completion expected by December 30, 2026[16]. - The group plans to establish a new production facility in Shexian, Anhui Province, to enhance capacity and flexibility, aligning with its business expansion strategy[31]. Customer and Supplier Relations - The company served over 500 customers in domestic and international markets during the year[19]. - The top five customers accounted for approximately 51.3% of the total sales for the year, with the largest customer contributing about 19.1%[79]. - The top five suppliers represented about 64.3% of total procurement, with the largest supplier accounting for approximately 30.5%[79]. Employee and Compensation - Employee costs, including director remuneration, amounted to approximately RMB 92.9 million, up from RMB 74.0 million in 2023, reflecting market standards and individual performance[37]. - The company has established competitive compensation packages to attract and retain talented employees[83]. - The board of directors has recommended that the remuneration of directors be based on the company's performance and market competitiveness[84]. - Total number of employees as of December 31, 2024, is 396, an increase from 381 in 2023, with male employees making up 76% and female employees 24%[188]. Environmental, Social, and Governance (ESG) - The company has committed to environmental sustainability and has complied with relevant environmental laws and regulations during the year[62]. - The company emphasizes transparency in its Environmental, Social, and Governance (ESG) report, which covers the fiscal year from January 1, 2024, to December 31, 2024[162]. - The group has developed a series of environmentally friendly decorative materials under the SPLENDECOR brand, catering to customer needs[167]. - The company aims to enhance its ESG performance through continuous communication with stakeholders and improving social responsibility management[170]. Corporate Governance - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[109]. - The company has implemented a robust internal control and risk management system as part of its governance practices[113]. - The board is committed to enhancing corporate governance standards and believes it is crucial for maintaining investor confidence and increasing shareholder returns[107]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations impacting its operations[62]. Risk Management - The management discussion and analysis section includes insights into the major risks and uncertainties faced by the company, as well as potential future developments[61]. - The company continues to monitor foreign exchange risk exposure and will make necessary hedging arrangements to mitigate potential risks from currency fluctuations[35]. - The company has identified climate-related risks that could impact operations and has developed response measures to mitigate these risks[185]. Health and Safety - The company is committed to providing a safe working environment and has not reported any major occupational health and safety incidents during the reporting period[200]. - The number of work-related injury cases increased to 22 in 2024 from 15 in 2023, resulting in an injury rate of 5.6% per 100 employees[198]. - The company has implemented measures to enhance employee safety awareness and strengthen safety training to prevent future incidents[198].