Compensation - The company reported total compensation for Chen Dawei in 2019 was HKD 1,484,000, which decreased to HKD 866,000 in 2020[5] - Xie Zhichao's total compensation increased from HKD 1,199,000 in 2020 to HKD 1,617,000 in 2023[5] - Liang Yue'e's total compensation for 2024 is projected to be HKD 2,089,000[5] Management Changes - Chen Dawei served as the acting managing director for interior decoration and special projects from September 1, 2019, until May 7, 2020[8] - Xie Zhichao has been the acting managing director for interior decoration and special projects since May 7, 2020[8] - Liang Yue'e was appointed as an executive director starting November 19, 2024[4] Board of Directors - The board of directors includes Chairman Zhu Junhao and Executive Director Liang Yue'e as of October 14, 2025[7] Regulatory Compliance - The company is subject to the regulations of the Hong Kong Stock Exchange regarding the disclosure of director remuneration[3] - The company has maintained all other information disclosed in the annual reports as unchanged[6] Product and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in this announcement[6]

Stock Options - The number of stock options available under the new stock option plan is 525,001,985 shares, representing approximately 10.0% of the shares issued as of the date of the 2024 annual report[3] - The company has not disclosed any applicable service provider category limits for the stock options at the beginning and end of the year[3] Governance Structure - The announcement is made by the chairman of the board, indicating the company's governance structure[4] - The board of directors includes both executive and independent non-executive members, reflecting a diverse governance structure[4] Company Information - The company is registered in Bermuda and has a stock code of 718, indicating its listing status[2] - The announcement date is October 14, 2025, which may impact the timing of future disclosures[4] Transparency and Communication - The company aims to keep shareholders and the public informed about the 2024 annual report and any supplementary information[2] - The company emphasizes the importance of accuracy and completeness in its announcements, indicating a commitment to transparency[1] - The additional information provided does not affect the other information listed in the 2024 annual report, which remains unchanged[3] - The announcement serves as a supplementary notice regarding the annual report for the fiscal year ending December 31, 2024[2]

Financial Performance - For the six months ended September 30, 2024, the company's revenue was zero, a decline of 100% compared to approximately RMB 199.02 million for the same period in 2023[2] - The gross profit for the six months ended September 30, 2024, was zero, down 100% from approximately RMB 7.18 million in the same period of 2023, with a gross margin of 3.6% in 2023[2] - The profit attributable to the owners of the company for the six months ended September 30, 2024, was approximately RMB 4.71 million, compared to a loss of approximately RMB 135.39 million for the same period in 2023[2] - The basic earnings per share for the six months ended September 30, 2024, was approximately RMB 0.67, compared to a basic loss per share of approximately RMB 19.59 for the same period in 2023[2] - The total loss before tax for the company was RMB 160,231 thousand, with significant losses reported in the smart terminal product sales segment amounting to RMB 71,567 thousand[22] - The company reported a net income of RMB 4,714 thousand for the six months ended September 30, 2024, compared to a net loss of RMB 135,394 thousand for the same period in 2023[33] - The company experienced a foreign exchange gain of RMB 5,506 thousand, a significant improvement from a loss of RMB 7,366 thousand in the previous year[26] Current Financial Position - As of September 30, 2024, the company's net current liabilities and net liabilities were approximately RMB 232.095 million[7] - The total trade and other payables amounted to RMB 73,818 thousand as of September 30, 2024, slightly up from RMB 73,152 thousand as of March 31, 2024[35] - As of September 30, 2024, the group's net debt was approximately RMB 232.1 million, with current liabilities also at approximately RMB 232.1 million, resulting in a current ratio of 0.02%[39] - The total amount of bank and other borrowings as of September 30, 2024, was approximately RMB 31.36 million, while the total amount of bonds payable was approximately RMB 123.74 million[40] - The company's designated non-current assets in China were reported as RMB 0 thousand as of September 30, 2024[25] Restructuring and Liquidation - The company has received a proposal for restructuring from a potential investor, which includes a total principal amount of not less than HKD 90 million, comprising HKD 40 million in loan financing and HKD 50 million for the subscription of new shares[8] - The proposed loan will be used to pay professional fees and expenses incurred or to be incurred in connection with the proposed restructuring[9] - The company has implemented stringent cost control measures to alleviate liquidity pressure and improve its financial position[8] - The company is currently in liquidation, as ordered by the Hong Kong High Court on April 29, 2024[7] - The company was ordered to be liquidated by the Hong Kong High Court on April 29, 2024, due to a claim of approximately HKD 1,697,547, which includes an unpaid principal of HKD 1,500,000 and accrued interest of HKD 197,547[36] - The company plans to use HKD 20 million for cash repayment to existing creditors and HKD 30 million to supplement operational costs as part of the proposed restructuring[50] - If the proposed restructuring is successfully implemented, all accepted claims and liabilities will be properly settled and discharged[51] Corporate Governance and Compliance - The company's shares have been suspended from trading since April 29, 2024[6] - The company's board of directors' powers have been suspended since April 29, 2024, affecting compliance with corporate governance codes[53] - The audit committee's powers were suspended following the court's winding-up order on April 29, 2024, and no interim results were reviewed[56] - The liquidators have limited access to the group's information, making it impossible to confirm the completeness and accuracy of past performance[61] - The company will issue further announcements as necessary regarding the impact of the liquidators' appointment and the continued suspension of trading[59] Operational Segments - For the six months ended September 30, 2024, the company reported no revenue from smart terminal product sales, software development, or system maintenance services, compared to a total revenue of RMB 199,016 thousand for the same period in 2023[15] - The company has four reportable operating segments: smart terminal product sales, system integration, software development, and system maintenance services[20] - The company has not recognized any external sales for the smart terminal product sales segment for the current reporting period[22] - The revenue from system maintenance services was RMB 4,888 thousand for the six months ended September 30, 2023[16] Taxation and Expenses - The company has not recognized any taxable profits in Hong Kong during the interim period, resulting in no tax provisions[28] - The deferred tax expense for the period was RMB (10,242) thousand, indicating a tax credit situation[27] - The company has maintained a favorable tax rate of 15% due to its qualification as a high-tech enterprise until December 2025[29] - The administrative expenses for the company totaled RMB 24,528 thousand, while financial costs amounted to RMB 12,123 thousand[22] - The company reported a total of RMB 4,698 thousand in equity-settled share-based payments during the reporting period[19] Share Capital and Securities - The company's issued share capital as of September 30, 2024, was approximately HKD 7.0847 million, comprising 708,466,773 shares[41] - The average number of shares outstanding increased to 708,467 thousand in 2024 from 691,040 thousand in 2023[34] - There were no purchases, sales, or redemptions of the company's listed securities during the six months ending September 30, 2024[55] - The company did not declare any dividends for the current interim period, consistent with the previous year[32] - No interim dividend was declared for the six months ending September 30, 2023[52]

ZONQING Environmental Limited 中庆環境股份有限公司 有關截至二零二四年十二月三十一日止年度之年報 茲提述中庆環境股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二零 二五年四月十一日刊發之截至二零二四年十二月三十一日止年度之年報（「二零 二四年年報」）。除另有說明外，本公告所用詞彙與二零二四年年報所界定者具有 相同涵義。 本公司謹此根據上市規則第17.09(3)條，就本公司於二零二零年十二月十四日採納 之購股權計劃（「購股權計劃」）提供以下進一步資料： 購股權計劃項下可供發行之股份總數為27,500,000股，佔二零二四年年報日期已 發行股份總數（不包括庫存股份）約3.3%。 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。 （於開曼群島註冊成立之有限公司） （股份代號：1855） 補充公告 承董事會命 中庆環境股份有限公司 主席兼非執行董事 孫舉慶 香港，二零二五年十月十四日 於本公告日期，本公司董事會成員包括執 ...

Shipment Performance - The company reported a record shipment volume of over 23 GWh for Q3 2025, marking the highest quarterly shipment in its history[2] - The highest monthly shipment exceeded 8 GWh, also setting a new record for the company[2] Executive Compensation - The total compensation for executives, including FENG TING, was updated, with FENG TING's total compensation for 2024 amounting to RMB 259,000[7] - The total compensation for directors and key executives for 2024 was RMB 52,353,000, compared to RMB 53,348,000 in 2023, reflecting a decrease of approximately 1.86%[5] - The performance bonus for executives decreased from RMB 3,658,000 in 2023 to RMB 1,498,000 in 2024, a decline of approximately 59%[5] - The company is committed to transparency in its governance practices, as evidenced by the detailed disclosure of executive compensation[5] Annual Report - The company plans to maintain the remaining content of the 2024 annual report unchanged, aside from the disclosed updates[7] - The annual report for 2024 is set to be published on April 17, 2025[3] Strategic Focus - The company continues to focus on enhancing its operational efficiency and market presence through strategic initiatives[8] - The board of directors includes a diverse group of executives and independent directors, ensuring a broad range of insights and governance[9]

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 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 IBO TECHNOLOGY COMPANY LIMITED (In Liquidation) 艾 伯 科 技 股 份 有 限 公 司 （清 盤 中） （於開曼群島註冊成立之有限公司） （股份代號：2708） 截 至2024年9月30日止六個月的 中期業績公告 業績摘要 – 1 – － 截 至2024年9月30日 止 六 個 月 的 收 入 為 零，較 截 至2023年9月30日止六個 月的人民幣約19,902萬元下跌100%。 － 截 至2024年9月30日 止 六 個 月 的 毛 利 為 零，較 截 至2023年9月30日止六個 月的人民幣約718萬元下降100%。截 至2023年9月30日止六個月的毛利率 為3.6%。 － 截 至2024年9月30日止六個月的本公司擁有人應佔溢利 ...

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。 ALPHAMAB ONCOLOGY 康寧傑瑞生物製藥 （於開曼群島註冊成立的有限公司） （股份代號：9966） 有關2024年度報告的補充公告 茲提述康寧傑瑞生物製藥（「本公司」）日期為2025年4月28日的截至2024年12月 31日止年度的年度報告（「2024年度報告」）。除另有界定者外，本公告所用詞彙與 2024年度報告所載列者具有相同涵義。 本公司董事（「董事」）會（「董事會」）謹此提供以下有關其庫存股份、全球發售及 先舊後新配售所得款項用途以及首次公開發售後股份獎勵計劃的補充資料。 1. 庫存股份 本公司尚未確定庫存股份的擬定用途，並將依市場狀況及自身資本管理需 要，遵照《上市規則》的規定動用庫存股份。 2. 全球發售及先舊後新配售所得款項用途 下表載列於報告期間初期結轉的全球發售及先舊後新配售所得款項淨額明 細： 百萬港元 百分比 關鍵藥物開發項目 KN046的研發及商業化 • 正在進行和計 ...

[Supplementary Announcement Overview](index=1&type=section&id=Supplementary%20Announcement%20Overview) [Purpose and Background of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20the%20Announcement) This announcement supplements Shouyi Holdings Limited's (2227) FY2024 annual report, detailing the share option scheme - This announcement serves as a supplementary announcement to the annual report of Shouyi Holdings Limited (Stock Code: 2227) for the year ended December 31, 2024[2](index=2&type=chunk)[3](index=3&type=chunk) - The Board provides supplementary information regarding the share option scheme in the annual report[4](index=4&type=chunk) [Share Option Scheme Details](index=1&type=section&id=Share%20Option%20Scheme%20Details) [Eligible Participants](index=1&type=section&id=Eligible%20Participants) Eligible participants include internal directors, managers, employees, and external stakeholders like shareholders, suppliers, and business partners - Eligible participants include executive directors, managers, administrative, management, supervisory, or other similar employees of any member company of the Group[5](index=5&type=chunk) - Also includes prospective employees, full-time or part-time employees, or individuals seconded to work for any member company of the Group[5](index=5&type=chunk) - External participants include shareholders, suppliers, customers, consultants, business or joint venture partners, franchisees, contractors, agents or representatives of any member company of the Group, as well as individuals or entities providing design, research, development, or other support or consulting services, and their associates[5](index=5&type=chunk) [Shares Available for Issuance and Authorization Status](index=1&type=section&id=Shares%20Available%20for%20Issuance%20and%20Authorization%20Status) Throughout FY2024, 84,000,000 shares, or approximately **9.1%** of issued shares, were available for the share option scheme Share Option Scheme Share Authorization Status | Metric | Value | | :--- | :--- | | Number of shares available for issuance | 84,000,000 shares | | Percentage of issued shares (excluding treasury shares) | Approximately 9.1% | | Number of shares available for grant at the beginning and end of 2024 | 84,000,000 shares | [Share Option Exercise and Effectiveness Conditions](index=2&type=section&id=Share%20Option%20Exercise%20and%20Effectiveness%20Conditions) Share options are exercisable within a Board-determined period, up to ten years from grant date, contingent on a signed offer letter and **HK$1** payment within 28 days - Share options are exercisable at any time within the period determined and specified by the Board for each grantee, but not later than ten years from the date of grant[6](index=6&type=chunk) - The effectiveness conditions for share options are the Company's receipt of a duly signed copy of the offer letter from the grantee and a remittance of **HK$1** as consideration for the grant of the share options[6](index=6&type=chunk) - The aforementioned effective date must not be later than 28 days after the offer date[6](index=6&type=chunk) [Other Information](index=2&type=section&id=Other%20Information) [Annual Report Information Remains Unchanged](index=2&type=section&id=Annual%20Report%20Information%20Remains%20Unchanged) All other annual report information remains unchanged, except for the disclosures within this supplementary announcement - Except as disclosed in this announcement, all other information contained in the annual report remains unchanged[7](index=7&type=chunk) [Board of Directors](index=2&type=section&id=Board%20of%20Directors) Executive directors are Mr. Zheng Yonghua and Mr. Zhang Ruiqing; independent non-executive directors are Ms. Xue Shuling, Mr. Zhong Bineng, and Mr. Huang Zhongquan - The executive directors are Mr. Zheng Yonghua and Mr. Zhang Ruiqing[7](index=7&type=chunk) - The independent non-executive directors are Ms. Xue Shuling, Mr. Zhong Bineng, and Mr. Huang Zhongquan[7](index=7&type=chunk)

Supplementary Announcement Details This section provides supplementary disclosures for the company's annual reports from 2008 to 2024, focusing on supervisors' remuneration [Purpose and Scope of Announcement](index=1&type=section&id=Purpose%20and%20Scope%20of%20Announcement) This announcement aims to supplement the disclosure of supervisors' remuneration information in Tianjin Binhai Teda Logistics Group Co., Ltd.'s annual reports from 2008 to 2024, ensuring information completeness - This is a supplementary announcement by Tianjin Binhai Teda Logistics Group Co., Ltd. regarding its 2008 to 2024 annual reports[3](index=3&type=chunk) - The supplementary disclosure primarily concerns "supervisors' remuneration for the relevant periods"[4](index=4&type=chunk) Detailed Supervisors' Remuneration by Year This section details the annual remuneration of supervisors from 2008 to 2024, highlighting key changes and individual compensation components [Supervisors' Remuneration for the Year Ended December 31, 2008](index=1&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202008) Total supervisors' remuneration for 2008 was **RMB 266.16 thousand**, primarily comprising bonuses, allowances, and retirement benefit plan contributions for Yu Ang and Tong Xin, while Xing Jihai, Tian Shuyong, Ren Gang, and Lu Xia mainly received emoluments 2008 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 60 | | Salaries and Allowances | 169.88 | | Bonuses and Gratuities | 57.16 | | Retirement Benefit Scheme Contributions | 29.12 | | **Total** | **266.16** | - Yu Ang received **RMB 118.88 thousand** in bonuses and gratuities and **RMB 41.16 thousand** in retirement benefit contributions; Tong Xin received **RMB 51 thousand** in bonuses and gratuities and **RMB 16 thousand** in retirement benefit contributions[6](index=6&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2009](index=2&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202009) Total supervisors' remuneration for 2009 was **RMB 201.64 thousand**, a decrease from the previous year, with Chen Fang appointed and Ren Gang resigned, while Yu Ang and Tong Xin's bonuses and retirement contributions remained key components 2009 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 60 | | Salaries and Allowances | 110.44 | | Bonuses and Gratuities | 15 | | Retirement Benefit Scheme Contributions | 21.2 | | **Total** | **201.64** | - Chen Fang was appointed on June 29, 2009, and Ren Gang resigned on the same day[8](index=8&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2010](index=2&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202010) Total supervisors' remuneration for 2010 was **RMB 342 thousand**, a significant increase, with He Hongsheng appointed and receiving substantial remuneration, while Tong Xin resigned and Yu Ang received no remuneration 2010 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 60 | | Salaries and Allowances | 159 | | Bonuses and Gratuities | 53 | | Retirement Benefit Scheme Contributions | 80 | | **Total** | **342** | - He Hongsheng was appointed on February 3, 2010, receiving **RMB 159 thousand** in salaries and allowances, **RMB 53 thousand** in bonuses and gratuities, and **RMB 80 thousand** in retirement benefit contributions, totaling **RMB 292 thousand**[9](index=9&type=chunk) - Tong Xin resigned on February 3, 2010, and Yu Ang received no remuneration for the year[9](index=9&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2011](index=3&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202011) Total supervisors' remuneration for 2011 was **RMB 481 thousand**, continuing to grow, with He Hongsheng as the primary recipient, Wang Rui appointed, and Chen Fang resigned 2011 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 130 | | Salaries and Allowances | 200 | | Bonuses and Gratuities | 54 | | Retirement Benefit Scheme Contributions | 102 | | **Total** | **486** | - He Hongsheng received **RMB 200 thousand** in salaries and allowances, **RMB 54 thousand** in bonuses and gratuities, and **RMB 102 thousand** in retirement benefit contributions, totaling **RMB 356 thousand**[12](index=12&type=chunk) - Wang Rui was appointed on June 23, 2011, and Chen Fang resigned on the same day[12](index=12&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2012](index=4&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202012) Total supervisors' remuneration for 2012 significantly increased to **RMB 831.5 thousand**, with He Hongsheng and Yu Ang as major recipients amidst frequent board changes including Xing Jihai and Tian Shuyong's resignations and Xu Jianxin and Chen Zhongyi's appointments 2012 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 127.5 | | Salaries and Allowances | 276 | | Bonuses and Gratuities | 260 | | Retirement Benefit Scheme Contributions | 208 | | **Total** | **871.5** | - He Hongsheng received **RMB 201 thousand** in salaries and allowances, **RMB 200 thousand** in bonuses and gratuities, and **RMB 116 thousand** in retirement benefit contributions, totaling **RMB 517 thousand**[14](index=14&type=chunk) - Xing Jihai resigned on August 13, 2012, and Xu Jianxin was appointed on the same day; Tian Shuyong resigned on December 20, 2012, and Chen Zhongyi was appointed on the same day[14](index=14&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2013](index=5&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202013) Total supervisors' remuneration for 2013 remained high at **RMB 871 thousand**, with He Hongsheng and Yu Ang continuing as primary recipients, while Chen Zhongyi resigned and Hai Tianmin was appointed 2013 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 140 | | Salaries and Allowances | 326 | | Bonuses and Gratuities | 172 | | Retirement Benefit Scheme Contributions | 243 | | **Total** | **881** | - He Hongsheng received **RMB 202 thousand** in salaries and allowances, **RMB 107 thousand** in bonuses and gratuities, and **RMB 129 thousand** in retirement benefit contributions, totaling **RMB 438 thousand**[16](index=16&type=chunk) - Chen Zhongyi resigned on May 15, 2013, and Hai Tianmin was appointed on the same day[16](index=16&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2014](index=6&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202014) Total supervisors' remuneration for 2014 slightly decreased to **RMB 802.5 thousand**, marked by several supervisors retiring or resigning, and Tang Zhizhong and Yuan Baolei being appointed and compensated 2014 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 102.5 | | Salaries and Allowances | 268 | | Bonuses and Gratuities | 209 | | Retirement Benefit Scheme Contributions | 215 | | **Total** | **794.5** | - Lu Xia resigned on November 10, 2014; Yu Ang and He Hongsheng retired on June 21, 2014[18](index=18&type=chunk) - Tang Zhizhong and Yuan Baolei were appointed on June 21, 2014, receiving **RMB 277 thousand** and **RMB 142 thousand** in remuneration, respectively[18](index=18&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2015](index=7&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202015) Total supervisors' remuneration for 2015 rebounded to **RMB 925 thousand**, with Tang Zhizhong and Yuan Baolei becoming the main recipients 2015 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 80 | | Salaries and Allowances | 416 | | Bonuses and Gratuities | 208 | | Retirement Benefit Scheme Contributions | 221 | | **Total** | **925** | - Tang Zhizhong received **RMB 267 thousand** in salaries and allowances, **RMB 151 thousand** in bonuses and gratuities, and **RMB 157 thousand** in retirement benefit contributions, totaling **RMB 575 thousand**[19](index=19&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2016](index=7&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202016) Total supervisors' remuneration for 2016 significantly decreased to **RMB 517 thousand**, with Wang Rui appointed and Tang Zhizhong resigned 2016 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 80 | | Salaries and Allowances | 268 | | Bonuses and Gratuities | 114 | | Retirement Benefit Scheme Contributions | 105 | | **Total** | **567** | - Wang Rui was appointed on January 12, 2016, receiving **RMB 92 thousand** in salaries and allowances, **RMB 47 thousand** in bonuses and gratuities, and **RMB 31 thousand** in retirement benefit contributions, totaling **RMB 170 thousand**[22](index=22&type=chunk) - Tang Zhizhong resigned on January 12, 2016[22](index=22&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2017](index=8&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202017) Total supervisors' remuneration for 2017 was **RMB 460 thousand**, stable year-on-year, amidst significant board changes including Hai Tianmin, Yuan Baolei, and Wang Rui's retirements, and Wang Yonggan, Wu Gang, Fan Shuyu, and Wang Linlin's appointments 2017 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 99 | | Salaries and Allowances | 217 | | Bonuses and Gratuities | 88 | | Retirement Benefit Scheme Contributions | 144 | | **Total** | **548** | - Hai Tianmin, Yuan Baolei, and Wang Rui retired on May 12, 2017[24](index=24&type=chunk) - Wang Yonggan, Wu Gang, Fan Shuyu, and Wang Linlin were appointed on May 12, 2017, with Fan Shuyu receiving **RMB 242 thousand** in remuneration and Wang Linlin receiving **RMB 86 thousand**[24](index=24&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2018](index=9&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202018) Total supervisors' remuneration for 2018 increased to **RMB 616 thousand**, with Fan Shuyu and Wang Linlin as primary recipients, and Wang Rui resigned while Han Wanjin was appointed 2018 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 110 | | Salaries and Allowances | 250 | | Bonuses and Gratuities | 76 | | Retirement Benefit Scheme Contributions | 180 | | **Total** | **616** | - Fan Shuyu received **RMB 151 thousand** in salaries and allowances, **RMB 45 thousand** in bonuses and gratuities, and **RMB 134 thousand** in retirement benefit contributions, totaling **RMB 330 thousand**[26](index=26&type=chunk) - Wang Rui resigned on November 12, 2018, and Han Wanjin was appointed on the same day[26](index=26&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2019](index=9&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202019) Total supervisors' remuneration for 2019 slightly decreased to **RMB 584 thousand**, with Fan Shuyu and Wang Linlin remaining the primary recipients 2019 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 110 | | Salaries and Allowances | 233 | | Bonuses and Gratuities | 37 | | Retirement Benefit Scheme Contributions | 204 | | **Total** | **584** | - Fan Shuyu received **RMB 130 thousand** in salaries and allowances, **RMB 6 thousand** in bonuses and gratuities, and **RMB 136 thousand** in retirement benefit contributions, totaling **RMB 272 thousand**[27](index=27&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2020](index=10&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202020) Total supervisors' remuneration for 2020 significantly increased to **RMB 800.08 thousand**, marked by frequent board changes including Xu Jianxin, Wang Yonggan, Wu Gang, and Fan Shuyu's retirements, and Li Chenjun, Yan Jun, Huang Fei, and Lan Lingyan's appointments 2020 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 94.08 | | Salaries and Allowances | 390 | | Bonuses and Gratuities | 185 | | Retirement Benefit Scheme Contributions | 211 | | **Total** | **880.08** | - Xu Jianxin, Wang Yonggan, Wu Gang, and Fan Shuyu retired on June 19, 2020[29](index=29&type=chunk) - Li Chenjun, Yan Jun, Huang Fei, and Lan Lingyan were appointed on June 19, 2020, with Huang Fei receiving **RMB 231 thousand** in remuneration and Lan Lingyan receiving **RMB 126 thousand**[29](index=29&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2021](index=11&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202021) Total supervisors' remuneration for 2021 continued to grow to **RMB 955 thousand**, with Huang Fei, Lan Lingyan, and Wang Linlin as major recipients, and Li Chenjun and Han Wanjin resigned while Wang Guanghua and Yang Zhengliang were appointed 2021 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 80 | | Salaries and Allowances | 425 | | Bonuses and Gratuities | 163 | | Retirement Benefit Scheme Contributions | 345 | | **Total** | **1013** | - Huang Fei received **RMB 179 thousand** in salaries and allowances, **RMB 64 thousand** in bonuses and gratuities, and **RMB 181 thousand** in retirement benefit contributions, totaling **RMB 424 thousand**[31](index=31&type=chunk) - Li Chenjun resigned on May 11, 2021, and Han Wanjin resigned on August 11, 2021; Wang Guanghua and Yang Zhengliang were appointed on August 11, 2021[31](index=31&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2022](index=12&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202022) Total supervisors' remuneration for 2022 continued to increase to **RMB 1121 thousand**, with Huang Fei, Lan Lingyan, and Wang Linlin remaining the primary recipients 2022 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 80 | | Salaries and Allowances | 471 | | Bonuses and Gratuities | 182 | | Retirement Benefit Scheme Contributions | 388 | | **Total** | **1121** | - Huang Fei received **RMB 180 thousand** in salaries and allowances, **RMB 70 thousand** in bonuses and gratuities, and **RMB 185 thousand** in retirement benefit contributions, totaling **RMB 435 thousand**[32](index=32&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2023](index=12&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202023) Total supervisors' remuneration for 2023 continued to grow to **RMB 1171 thousand**, with increased compensation for Huang Fei, Lan Lingyan, and Wang Linlin 2023 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 80 | | Salaries and Allowances | 488 | | Bonuses and Gratuities | 216 | | Retirement Benefit Scheme Contributions | 437 | | **Total** | **1221** | - Huang Fei received **RMB 189 thousand** in salaries and allowances, **RMB 93 thousand** in bonuses and gratuities, and **RMB 180 thousand** in retirement benefit contributions, totaling **RMB 462 thousand**[34](index=34&type=chunk) [Supervisors' Remuneration for the Year Ended December 31, 2024](index=13&type=section&id=Supervisors'%20Remuneration%20for%20the%20Year%20Ended%20December%2031%2C%202024) Total supervisors' remuneration for 2024 reached its highest level at **RMB 1250 thousand**, with further increases for Huang Fei, Lan Lingyan, and Wang Linlin, and Han Wanjin appointed while Yang Zhengliang resigned 2024 Supervisors' Remuneration Overview (RMB Thousand) | Remuneration Category | Amount (RMB Thousand) | | :-------------------- | :-------------------- | | Emoluments | 80 | | Salaries and Allowances | 535 | | Bonuses and Gratuities | 228 | | Retirement Benefit Scheme Contributions | 467 | | **Total** | **1310** | - Huang Fei received **RMB 225 thousand** in salaries and allowances, **RMB 92 thousand** in bonuses and gratuities, and **RMB 179 thousand** in retirement benefit contributions, totaling **RMB 496 thousand**[36](index=36&type=chunk) - Han Wanjin was appointed on June 19, 2024, and Yang Zhengliang resigned on the same day[36](index=36&type=chunk) Corporate Governance Structure Changes and Other Matters This section outlines significant changes in the company's corporate governance structure, including the dissolution of the Supervisory Committee and the composition of the Board of Directors [Dissolution of Supervisory Committee and Supervisors' Retirement](index=13&type=section&id=Dissolution%20of%20Supervisory%20Committee%20and%20Supervisors'%20Retirement) The company's Supervisory Committee was dissolved, and all supervisors retired from their positions effective June 20, 2025, following approval at the Annual General Meeting - The company no longer has a Supervisory Committee as of June 20, 2025[37](index=37&type=chunk) - All supervisors retired from their positions as of June 20, 2025[37](index=37&type=chunk) - This change was approved at the Annual General Meeting held on June 20, 2025[37](index=37&type=chunk) [Board of Directors Composition and Compliance Statement](index=13&type=section&id=Board%20of%20Directors%20Composition%20and%20Compliance%20Statement) This announcement lists the current Board of Directors and affirms that all directors collectively and individually bear full responsibility for the accuracy and completeness of its content, in compliance with GEM Listing Rules - The Board of Directors includes Executive Directors Mr. Yang Weihong and Ms. Ma Xin; Non-executive Directors Mr. Li Jian, Ms. Meng Jun, and Ms. Hu Shanshan; and Independent Non-executive Directors Professor Cheng Xinsheng, Mr. He Yongjun, Professor Luo Wenyu, and Mr. Peng Zuowen[40](index=40&type=chunk) - This announcement is published in compliance with the GEM Listing Rules, with directors jointly and individually assuming full responsibility, confirming the information is accurate, complete, and free from misleading or fraudulent content[40](index=40&type=chunk)

Impairment Losses - For the fiscal year ending December 31, 2024, the company recognized impairment losses of approximately RMB 36.2 million for trade and other receivables, and RMB 21.4 million for loans receivable[4]. - The total impairment loss recognized for trade receivables was RMB 38.0 million, which includes RMB 25.2 million from receivables due from Dexin China and RMB 12.8 million from other trade receivables[6]. - The outstanding balance of trade receivables as of December 31, 2024, was approximately RMB 506.3 million, with an estimated total impairment loss of RMB 76.1 million, representing 15.0% of the outstanding balance[7]. - The outstanding balance of other receivables, excluding deposits, was approximately RMB 111.2 million, with an estimated total impairment loss of RMB 11.6 million, representing 10.5% of the outstanding balance[7]. - The impairment loss for loans receivable of RMB 21.4 million is related to a loan agreement with Hangzhou Ruiyang Supply Chain Management Co., with an outstanding loan amount of RMB 259.5 million[8]. - The total impairment losses for trade and other receivables and loans receivable amounted to RMB 57.6 million for the fiscal year ending December 31, 2024[5]. Credit Risk Assessment - The company has engaged an independent valuer to assess expected credit losses (ECL) in accordance with IFRS 9, which combines historical and forward-looking data to estimate potential losses[12]. - The independent valuer's assessment method involves grouping receivables based on aging and applying historical default rates adjusted for current and forward-looking macroeconomic conditions[13]. - The estimated default risk exposure (EAD) for trade receivables has significantly increased, primarily due to customers facing liquidity constraints, leading to extended payment cycles[19]. - The estimated probability of default (PD) for related parties and private third-party customers has risen substantially, reflecting the deteriorating financial conditions in affected industries[19]. - A more prudent credit risk assessment approach will be adopted before providing loans to any third parties, given the sufficient expected credit loss provisions[22]. Recovery and Collection Strategies - The company plans to continuously evaluate the financial risks and regulatory requirements associated with the recovery of deposits during the liquidation process[11]. - The company plans to follow up on long-term overdue trade receivables and may consider legal action for amounts overdue by more than one year[21]. - The company will seek to revise payment terms and credit periods with major customers to prevent further increases in overdue receivables[21]. - The company will establish a debt collection department starting in 2024 to implement internal debt collection policies and avoid bad debts, creating repayment plans based on specific customers' financial situations[23]. Financial Projections and Valuations - The expected credit loss (ECL) for the year is approximately RMB 14,393,000, which will not be carried forward to the fiscal year ending December 31, 2025[20]. - Recovery rates applied across methods range from 0.00% to 100%, depending on the specific circumstances of liquidation, litigation, collateral, and cash recovery[16]. - The forward-looking adjustment factor applied is 1.10, based on regression analysis using macroeconomic indicators such as industrial value added and purchasing manager index[17]. - The discount rate used for cash flow projections is 4.15%, reflecting the company's borrowing cost[18]. - The aging analysis shows transition rates for overdue receivables ranging from 14.27% to 88.82%[17]. Asset Valuation - The assessed value of additional assets, consisting of 783 underground parking spaces, is approximately RMB 99,040,000 as of December 31, 2024[24]. - The assessed value of mortgaged assets, which are parking spaces, totals approximately RMB 139,050,000 as of December 31, 2024[24]. - The company plans to provide a loan of no more than RMB 315 million to the borrower according to the loan agreement established on December 16, 2022[27].