水发兴业能源(00750) - 2025 - 年度业绩

Overview of Supplementary Information This announcement provides supplementary information for China Shuifa Xingye Energy Group Limited's annual reports for the years ended December 31, 2023 and 2024, and interim report for the six months ended June 30, 2025 - This announcement provides supplementary information for China Shuifa Xingye Energy Group Limited's annual reports for the years ended December 31, 2023 and 2024, and interim report for the six months ended June 30, 2025[3] Related Party Transactions EPC General Contracting Services Framework Agreement The company disclosed details of the EPC general contracting services framework agreement with Shuifa Group, including annual contract caps for 2024-2026 and actual transaction amounts for 2024, confirming compliance with listing rules and fair terms reviewed by independent non-executive directors and auditors - The Group entered into an EPC General Contracting Services Framework Agreement with Shuifa Group on November 5, 2024, for the Group to undertake certain EPC and related services for Shuifa Group, valid until December 31, 2026[4] EPC General Contracting Services Framework Agreement Annual Caps (Contract Amount) | Year | Cap (RMB) | | :--- | :--- | | For the year ended December 31, 2024 | 1,000,000,000 | | For the year ended December 31, 2025 | 1,200,000,000 | | For the year ended December 31, 2026 | 1,500,000,000 | - For the year ended December 31, 2024, the actual contract amount for transactions under the EPC General Contracting Services Framework Agreement was RMB 517,355,000[5] - Independent non-executive directors confirmed that the continuing connected transactions for the year ended December 31, 2024, were entered into in the ordinary and usual course of business, on fair and reasonable terms, in the overall interest of shareholders, and on normal commercial terms or better[5] - The auditors confirmed that the continuing connected transactions were approved by the Board, entered into in accordance with the Group's pricing policies and relevant agreements, and did not exceed the caps[6] - The company confirmed compliance with the disclosure requirements of Chapter 14A of the Listing Rules[7] Share Award Scheme Changes in Unvested Share Awards This section details the changes in unvested share awards for directors, the five highest paid individuals, and other grantees for the years ended December 31, 2023 and 2024, and the six months ended June 30, 2025, including opening balances, grants, vesting, cancellations, and forfeitures Year Ended December 31, 2023 This section presents the changes in unvested share awards for directors, five highest paid individuals, and other grantees for the year ended December 31, 2023 Changes in Unvested Share Awards for the Year Ended December 31, 2023 (thousand shares) | Participant Name or Category | Balance at January 1, 2023 (thousand shares) | Granted During the Year (thousand shares) | Vested During the Year (thousand shares) | Cancelled During the Year (thousand shares) | Forfeited During the Year (thousand shares) | Balance at December 31, 2023 (thousand shares) | Grant Date | Acquisition Price (HKD) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Directors | | | | | | | | | | Mr. Chen Fushan | 1,400 | – | – | – | (420) | 980 | 29/12/2020 | 0.79 | | Mr. Liu Hongwei | 1,500 | – | – | – | (450) | 1,050 | 29/12/2020 | 0.79 | | Mr. Wang Dongwei | 1,400 | – | – | – | (420) | 980 | 29/12/2020 | 0.79 | | Subtotal | 4,300 | – | – | – | (1,290) | 3,010 | | | | Five Highest Paid Individuals | 2,300 | – | – | – | (690) | 1,610 | 29/12/2020 | 0.79 | | Other Grantees | 53,900 | – | – | (3,000) | (15,270) | 35,630 | 29/12/2020 | 0.79 | - As of December 31, 2023, directors, the five highest paid individuals, and other grantees held 3,010 thousand shares, 1,610 thousand shares, and 35,630 thousand shares of unvested awards, respectively, totaling approximately 40,250 thousand shares[8] Year Ended December 31, 2024 This section details the changes in unvested share awards for directors, five highest paid individuals, and other grantees for the year ended December 31, 2024 Changes in Unvested Share Awards for the Year Ended December 31, 2024 (thousand shares) | Participant Name or Category | Balance at January 1, 2024 (thousand shares) | Granted During the Year (thousand shares) | Vested During the Year (thousand shares) | Cancelled During the Year (thousand shares) | Forfeited During the Year (thousand shares) | Balance at December 31, 2024 (thousand shares) | Grant Date | Acquisition Price (HKD) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Directors | | | | | | | | | | Mr. Chen Fushan | 980 | – | – | – | (420) | 560 | 29/12/2020 | 0.79 | | Mr. Liu Hongwei | 1,050 | – | – | (1,050) | – | – | 29/12/2020 | 0.79 | | Mr. Wang Dongwei | 980 | – | – | (980) | – | – | 29/12/2020 | 0.79 | | Subtotal | 3,010 | – | – | (2,030) | (420) | 560 | | | | Five Highest Paid Individuals | 1,260 | – | – | – | (540) | 720 | 29/12/2020 | 0.79 | | Other Grantees | 35,980 | – | – | – | (15,420) | 20,560 | 29/12/2020 | 0.79 | - As of December 31, 2024, all unvested awards for Mr. Liu Hongwei and Mr. Wang Dongwei, totaling 2,030 thousand shares, were cancelled, leading to a significant decrease in the directors' subtotal from 3,010 thousand shares to 560 thousand shares[10] Six Months Ended June 30, 2025 This section outlines the changes in unvested share awards for directors, five highest paid individuals, and other grantees for the six months ended June 30, 2025 Changes in Unvested Share Awards for the Six Months Ended June 30, 2025 (thousand shares) | Participant Name or Category | Balance at January 1, 2025 (thousand shares) | Granted During the Period (thousand shares) | Vested During the Period (thousand shares) | Cancelled During the Period (thousand shares) | Forfeited During the Period (thousand shares) | Balance at June 30, 2025 (thousand shares) | Grant Date | Acquisition Price (HKD) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Directors | | | | | | | | | | Mr. Chen Fushan | 560 | – | – | – | – | 560 | 29/12/2020 | 0.79 | | Five Highest Paid Individuals | 720 | – | – | – | – | 720 | 29/12/2020 | 0.79 | | Other Grantees | 20,560 | – | – | – | – | 20,560 | 29/12/2020 | 0.79 | - During the six months ended June 30, 2025, the balance of unvested share awards remained unchanged, with no grants, vesting, cancellations, or forfeitures occurring[10] Share Award Vesting Period and Conditions This section clarifies the specific vesting schedule for share awards, including vesting percentages and dates for different tranches, emphasizing that all vesting is contingent upon achieving predefined performance targets - Award shares vest in three tranches over 24-36 months, 36-48 months, and 48-60 months from the grant date, with percentages of 30%, 30%, and 40% respectively, all subject to performance targets[13][12] Award Share Vesting Period and Percentage | Vesting Period (from Grant Date) | Vesting Date | Vesting Percentage | | :--- | :--- | :--- | | 24-36 months | December 28, 2023 | 30% | | 36-48 months | December 28, 2024 | 30% | | 48-60 months | December 28, 2025 | 40% | - No other awards were granted to other directors, the five highest paid individuals, or other grantees, except as already disclosed[13]