(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：8512) NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 28 April 2025 The following document(s) of Hyfusin Group Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.hyfusingroup.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the "Websites"):- Please provide your email address ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：8512) NOTIFICATION LETTER 通知信函 Dear Shareholder(s), 28 April 2025 The following document(s) of Hyfusin Group Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.hyfusingroup.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the "Websites"):- If you have not provided us with an email address but now w ...

Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8512 報告原則及報告範圍 1 有關本報告 凱富善集團控股有限公司（「本公司」）及其附屬公司（統稱「本集團」或「我們」）致力在經濟、社會及 環境方面以可持續發展方式經營業務。 本集團為亞洲領先的蠟燭生產商，配備專門實驗室及創新機器，可供合資格化學家測試、開發及 設計專有配方及材料。 本集團欣然發佈其《環境、社會及管治（「ESG」）報告》（「ESG報告」），旨在向內部及外界的持份者 闡述本集團推動可持續發展的成效。 環境、社會及管治報告 2024 目錄 | 報告原則及報告範圍 | | | | --- | --- | --- | | 1. | 有關本報告 | 2-3 | | 2. | 董事會聲明 | 3 | | 3. | 持份者參與 | 4 | | 4. | 反饋 | 5 | | 5. | 重要性矩陣 | 5-6 | | A. 環境 | | | | | A1.1. 氣體燃料消耗之排放數據 | 7-9 | | | A1.2. 溫室氣體排放 | 10-12 | | | A1.3. 有 ...

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通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本通告全部或任 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。 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 股東週年大會通告 茲通告凱富善集團控股有限公司（「本公司」）謹訂於2025年6月6日（星期五）下午三 時正假座香港中環皇后大道中5號衡怡大廈9樓舉行股東週年大會（「股東週年大 會」），藉以處理下列事項： 普通決議案 1 1. 省覽及採納本公司截至2024年12月31日止年度經審核綜合財務報表及董事會 報告與獨立核數師報告。 2. 重選本公司下列退任董事（「董事」）： (a) 黃偉捷先生為執行董事； (b) 黃韵殷女士為執行董事；及 (c) 陳昌達先生為獨立非執行董事。 3. 授權董事會釐定各名董事的酬金。 4. 續聘香港立信德豪會計師事務所有限公司為本公司核數師並授權董事會釐定 其截至2025年12月31日止年度的酬金。 2 5. 考慮並酌情通過（無論有否修訂） ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或 其他註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有凱富善集團控股有限公司（一間於開曼群島註冊成立之 有限公司，其股份於香港聯合交易所有限公司GEM上市），應立即將本通函及隨附的 代表委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商， 以便轉交買主或承讓人。 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通函的內容概不負責， 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通函全部或任何部 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。 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 發行股份及購回股份的一般授權建議、 重選退任董事建議 及 股東週年大會通告 凱富善集團控股有限公司謹訂於2025年6月6日（星期五）下午三時正假座香港中環皇 后大道中5號衡怡大廈9樓舉行股東週年大會，大會通告載於本通函第20頁至24頁。隨 附適用於股東週年大 ...

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately HKD 909.4 million, an increase of about HKD 43.1 million or 5.0% compared to HKD 866.3 million for the same period in 2023[13]. - The net profit for the year ended December 31, 2024, was approximately HKD 171.4 million[8]. - The gross profit for the year ended December 31, 2024, was approximately HKD 351.9 million, an increase of about HKD 16.4 million or 4.9% compared to HKD 335.5 million for the same period in 2023[14]. - The increase in revenue was attributed to higher sales volumes of daily use candles and other candle products, which rose by approximately HKD 12.3 million and HKD 33.1 million, respectively[13]. - Other income for the year ended December 31, 2024, was approximately HKD 17.7 million, an increase of about HKD 8.6 million or 94.5% compared to HKD 9.1 million for the same period in 2023[16]. - Other gains for the year ended December 31, 2024, were approximately HKD 32.3 million, an increase of about HKD 30.5 million or 1,694.4% compared to HKD 1.8 million for the same period in 2023[17]. - Net profit for the year ended December 31, 2024, was approximately HKD 171.4 million, an increase of about HKD 69.1 million or 67.5% compared to HKD 102.3 million for the same period in 2023[23]. - The company reported a total comprehensive income of HKD 171,402,000 for 2024, compared to HKD 102,307,000 in 2023, reflecting a growth of 67.6%[193]. Expenses and Liabilities - Sales and distribution expenses for the year ended December 31, 2024, were approximately HKD 42.4 million, a decrease of about HKD 43.8 million or 50.8% compared to HKD 86.2 million for the same period in 2023[18]. - Administrative expenses for the year ended December 31, 2024, were approximately HKD 145.0 million, an increase of about HKD 34.3 million or 31.0% compared to HKD 110.7 million for the same period in 2023[19]. - Financing costs decreased to HKD 11,769,000 in 2024 from HKD 14,571,000 in 2023, a reduction of 19.4%[193]. - Total liabilities decreased to HKD 149,815,000 in 2024 from HKD 181,348,000 in 2023, a reduction of approximately 17.3%[196]. Assets and Equity - Total assets as of December 31, 2024, were approximately HKD 796.8 million, an increase from approximately HKD 686.9 million as of December 31, 2023[25]. - The company's equity increased to HKD 646,972,000 in 2024, up from HKD 505,570,000 in 2023, indicating a growth of around 28.0%[196]. - Current assets rose to HKD 576,739,000 in 2024, up from HKD 513,413,000 in 2023, marking an increase of about 12.3%[194]. - Cash and cash equivalents at year-end were HKD 324,514,000 in 2024, slightly down from HKD 336,772,000 in 2023, a decrease of about 3.6%[200]. Production and Market Strategy - The company is focusing on expanding its production capacity with two new highly automated factories, with renovations expected to be completed by the first half of 2025[11]. - The company aims to capture growth in the scented candle market, particularly in the U.S., by establishing contracts with sales representatives for potential orders[12]. - The demand for scented candles continues to drive market growth, reflecting consumer preferences for aromatic and colored candles[10]. - The company has established long-term relationships with customers, supported by an experienced management team, enhancing confidence in future growth opportunities[12]. Governance and Compliance - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition[57]. - The company has appointed independent non-executive directors with appropriate accounting qualifications, fulfilling GEM listing rules requirements[58]. - The board has established mechanisms to ensure independent opinions are communicated, enhancing decision-making effectiveness[62]. - The company has a legal liability insurance plan for directors, reviewed annually to ensure adequate protection[60]. - The company has established a governance framework that is reviewed annually for effectiveness[63]. - The company has complied with all relevant Hong Kong laws and regulations without any significant violations during the year[140]. Shareholder and Dividend Policy - The company does not recommend the payment of any dividends for the year ended December 31, 2024[24]. - The group has adopted a dividend policy aimed at providing sustainable returns to shareholders while retaining sufficient reserves for future development[123]. - The group reported a total reserve of approximately HKD 11.4 million available for distribution to equity shareholders as of December 31, 2024[128]. Employee and Director Information - The number of employees as of December 31, 2024, was approximately 1,500, an increase from approximately 1,270 employees as of December 31, 2023[36]. - The company provides necessary training for newly appointed directors to ensure they understand their responsibilities under relevant regulations[90]. - The company encourages all directors to participate in continuous professional development activities to enhance their knowledge and skills[90]. Environmental and Social Responsibility - The company has established a commitment to environmental protection and is promoting clean operational practices[138]. - An independent ESG report is expected to be published alongside the annual report on the stock exchange and the company's website[139]. Share Buyback and Share Option Plan - The company completed a share buyback agreement on February 20, 2024, purchasing 181,500,000 shares for a total of HKD 30,000,000, equating to approximately HKD 0.165 per share[160]. - The company has adopted a new share option plan on June 7, 2024, aimed at incentivizing employees and service providers to enhance the company's value[166]. - No share options were granted or exercised under the previous share option plan, which was terminated on June 7, 2024[166].

Group 1 - The Hang Seng Index closed down 1.91% at 21,056.98 points on April 16 [1] - Huangting Smart Home (01575.HK) closed at HKD 0.044 per share, up 29.41%, with a trading volume of 7.79 million shares and a turnover of HKD 301,100, showing a volatility of 29.41% [1] - Over the past month, Huangting Smart Home has seen a cumulative decline of 67.62%, and a year-to-date decline of 44.26%, underperforming the Hang Seng Index by 7.01% [1] Group 2 - For the fiscal year ending December 31, 2024, Huangting Smart Home reported total revenue of HKD 120 million, a year-on-year decrease of 36.42%, and a net profit attributable to shareholders of -HKD 87.656 million, a year-on-year decrease of 254.48% [1] - The gross profit margin stands at 23.3%, with a debt-to-asset ratio of 218.94% [1] - Currently, there are no institutional investment ratings for Huangting Smart Home [2] Group 3 - The average price-to-earnings (P/E) ratio for the household appliances and goods industry is 12.51 times, with a median of 3.94 times [2] - Huangting Smart Home has a P/E ratio of -1.19 times, ranking 81st in the industry [2] - Other companies in the industry include Lian International (09918.HK) with a P/E of 1.48 times, Kaifushan Group Holdings (08512.HK) at 1.63 times, and Huaxun (00833.HK) at 3.07 times [2]

Company Overview - Aaron International (00684.HK) closed at HKD 0.68 per share, up 9.68% with a trading volume of 54,000 shares and a turnover of HKD 35,400 [1] - The company has over 40 years of experience in manufacturing quality home appliances, focusing on OEM and ODM projects, providing comprehensive solutions to clients worldwide [2] Financial Performance - For the fiscal year ending September 30, 2024, Aaron International reported total revenue of HKD 249 million, a year-on-year decrease of 0.12% [2] - The net profit attributable to shareholders was a loss of HKD 26.59 million, down 41.57% year-on-year [2] - The gross margin stood at 7.27%, and the debt-to-asset ratio was 24.71% [2] Stock Performance - Over the past month, Aaron International has seen a cumulative increase of 6.9%, but it has a year-to-date decline of 4.62%, underperforming the Hang Seng Index by 17.07% [2] - The company's price-to-earnings ratio is -2.65, ranking 70th in its industry, while the average TTM P/E ratio for the household appliances and goods sector is -2.22 [2] Industry Context - The household appliances and goods industry has a median P/E ratio of 1.56, with notable competitors like NVC International (02222.HK) at 1.3, Kafushan Group Holdings (08512.HK) at 1.82, and others showing higher valuations [2]

Hyfusin Group Holdings Limited 凱富善集團控股有限公司 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者， 根據董事會對本集團截至2024年12月31日止年度（「2024年度」）的未經審核綜合管 理賬目的初步審閱及董事會現時可得資料，本集團預期於2024年度將錄得本公司 擁有人應佔溢利介乎約168,000,000港元至178,000,000港元，相比截至2023年12月 31日止年度則錄得約102,300,000港元。 董事會認為上述本公司擁有人應佔溢利預期增加主要由於(i)客戶新訂單導致收益 增加；及(ii)撥回召回索賠撥備約29,700,000港元所致。 1 本集團仍在落實其2024年度全年業績。本公告所載資料僅以對本集團2024年度的 未經審核綜合管理賬目的初步審閱及董事會現時可得資料為基準，故未必準確。 本集團2024年度的未經審核綜合管理賬目尚未落實亦未經本公司審核委員會審閱。 本集團2024年度的全年業績可能有別於本公告所提述的資料。股東及潛在投資者 務請細閱本公司2024年度的全年業績公告，預期2024年度的全年業績公告將根據 GEM ...

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之任何損失承擔任何責任。 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 董事會召開日期 凱富善集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公 司將於二零二五年三月二十一日（星期五）舉行董事會會議，藉以（其中包括）批准 本公司及其附屬公司截至二零二四年十二月三十一日止經審核年度業績以供發佈， 及考慮派發末期股息（如有）。 承董事會命 凱富善集團控股有限公司 本公告將自其刊發日期起最少七天於香港聯合交易所有限公司網站 www.hkexnews.hk的「最 新 上 市 公 司 公 告」一 頁 刊 載，亦 將 於 本 公 司 網 站 www.hyfusingroup.com刊載。 黃偉捷先生 香港，二零二五年三月十一日 於本公告日期，董事為： 執行董事 黃偉捷先生 黃聞捷先生 黃韵殷女士 獨立非執行董事 陳昌達 ...