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佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 ELATE HOLDINGS LIMITED 誼礫控股有限公司 （於香港註冊成立之有限公司） （股份代號：076） 有關已售石墨礦石未付代價結算的 補充公告 茲提述誼礫控股有限公司（「本公司」）日期為二零二五年十月十五日及二零二五年 十月十六日的公告（「該等公告」）。除文義另有所指外，本公告所用詞彙與該等公 告所界定者具有相同涵義。 除該等公告所提供資料外，本公司董事會謹此提供有關(1)本公司與AGL就接受 退回未用的石墨礦石（「該安排」）的商討情況，及(2)AGL提供的抵押品（「該抵押 品」）的進一步資料。 該安排 AGL已向本公司提議退回32,531,371噸未用的石墨礦石。然而，如本公司日期為 二零二五年十月十六日的公告所披露，本公司不接受AGL退回未付款的石墨礦石 的提議。相反，本集團已強制執行並取得該抵押品。根據出售條款，本集團有權 保留該抵押品，並將其視為AGL已全面履行付款責任，而對AGL ...

Core Viewpoint - The U.S. Department of Commerce's recent announcement of a significant increase in tariffs on Chinese graphite, a key material for lithium batteries, is seen as a strategic move in the ongoing U.S.-China trade negotiations, particularly ahead of Trump's planned visit to China [1][5][6]. Tariff Impact - The new tariffs combine anti-dumping and countervailing duties, resulting in a total tariff rate exceeding 160%, a dramatic increase from the initial 3% [3]. - This policy shift is perceived as a tactic to gain leverage in upcoming negotiations, reflecting Trump's negotiation style of raising demands to create pressure [5]. Market Reactions - Following the announcement, Tesla's stock fell by 0.7%, while several small U.S. graphite companies experienced a surge in stock prices, indicating a split in market sentiment [6]. - The automotive industry, particularly companies like Tesla, General Motors, and Ford, is concerned about the potential increase in battery costs due to the tariffs, which could rise by $7 per kilowatt-hour, translating to an additional $1,000 per vehicle [15][16]. Strategic Concerns - The U.S. is primarily worried about strategic security rather than pricing issues, as 90% of the graphite supply is controlled by China, which poses a risk to the U.S. electric vehicle industry if exports are halted [10][14]. - The U.S. lacks a competitive domestic graphite industry, relying heavily on imports, which complicates the rationale behind the tariffs [8][10]. Supply Chain Challenges - Establishing a domestic graphite supply chain in the U.S. is a complex process requiring significant investment and time, estimated to be in the hundreds of billions and taking 5 to 8 years to develop [14]. - The U.S. currently imports 59% of its natural graphite and 68% of its synthetic graphite from China, highlighting the deep dependency that cannot be easily altered by tariff increases [14]. Industry Division - The tariff policy has created a divide within the U.S. industry, with small domestic graphite producers benefiting while major automotive manufacturers express significant concern over supply shortages and increased costs [15][16]. - Tesla has indicated that domestic production cannot meet their quality and quantity needs, raising fears of potential factory shutdowns if supplies from China are cut off [16]. Future Uncertainty - The implementation of the tariffs is not guaranteed, as it requires a damage assessment by the U.S. International Trade Commission, which may struggle to find evidence of harm due to the lack of a domestic graphite industry [18]. - There is growing opposition within the U.S. Congress against the tariffs, with concerns that they could undermine the U.S. electric vehicle strategy, suggesting that the tariffs may serve as a bargaining chip in negotiations rather than a definitive policy [18].

Core Viewpoint - ST Xinhua Jin has reached a trading limit with a price of 6.33 yuan, reflecting a 4.98% increase, and a total market value of 2.714 billion yuan, driven by its graphite resources and expansion in the elderly care industry [1][2]. Group 1: Company Strengths - The company possesses two high-quality graphite mines, which are included in the city's key green mine projects, indicating a rich resource reserve and strategic positioning in the graphite new materials sector [2]. - ST Xinhua Jin has established a collaborative elderly care industry model across four locations: Qingdao, Weihai, Qionghai, and Luoyang, enhancing its regional presence and operational efficiency through a light asset model [2]. - The new board of directors has a diverse professional background and improved governance structure, which is expected to support the company's long-term stability and development [2]. Group 2: Market Dynamics - The recent surge in interest in graphite and elderly care sectors has led to active performance among related stocks, contributing to ST Xinhua Jin's trading limit hit on February 3 [2]. - The company is actively addressing its fund occupation issues through a signed equity transfer agreement and accounts receivable pledge, which may alleviate delisting risks and boost market confidence [2]. - Technical indicators, such as potential MACD crossovers, could attract further investor interest, depending on market conditions and capital inflows [2].

Core Viewpoint - ST Xinhua Jin has reached a trading limit with a price of 6.2 yuan, reflecting a 5% increase, and a total market value of 2.791 billion yuan, indicating positive market sentiment driven by various strategic developments [1][2]. Group 1: Company Developments - The company operates in "new trade and new materials," possessing two high-quality graphite mines that are part of a city-level green mine project, providing a resource advantage in the graphite new materials sector [2]. - ST Xinhua Jin is expanding its presence in the elderly care industry, establishing a regional layout across four cities: Qingdao, Weihai, Qionghai, and Luoyang, which positions the company to capture a share of the growing market due to China's aging population [2]. - The company has signed a share transfer agreement and arranged for the pledge of accounts receivable to address a 406 million yuan fund occupation issue, alleviating market concerns regarding potential delisting risks [2]. Group 2: Market Dynamics - Although specific data on capital flow and technical indicators are not available, the positive developments surrounding the company may attract investment, contributing to the stock's trading limit [2]. - The stock's performance may also be influenced by the overall market environment and related sectors, suggesting that movements in similar stocks could impact ST Xinhua Jin's trading activity [2].

Core Viewpoint - Yili Holdings (00076.HK) has announced the sale of its remaining graphite ore inventory to AGL, with a total of 32,863,966 tons to be sold by December 2024, but AGL has failed to make the payment by the agreed deadline [1] Group 1: Sale Agreement Details - The sale agreement stipulates that AGL must pay a total of $296,433,000 by September 30, 2025, in installments [1] - AGL has proposed to either extend the payment deadline to December 31, 2026, or return the unused graphite ore [1] Group 2: Company Response - The company has issued a default notice to AGL, indicating that it will take all legal measures to protect its and its shareholders' interests [1] - After considering the associated risks, the company has decided to reject AGL's proposals for deferred payment or the return of unused graphite ore [1] - The company has notified AGL that all collateral held in the company's name is now owned by the company [1]

Core Viewpoint - The event in Hegang City marks the recognition of Luobei County as "China's Graphite City," highlighting the strategic importance of graphite in emerging industries and China's transition from a mining power to a mining stronghold [1][3]. Group 1: Industry Significance - Graphite is identified as a critical raw material for strategic emerging industries such as new energy, new materials, electronic information, aerospace, and national defense [3]. - Luobei County is a significant area for graphite resources in China, possessing the world's largest single crystalline graphite mine, the Yunshan Graphite Mine, known as "Asia's No. 1 Mine" [3]. Group 2: Market Demand - The demand for graphite has rapidly increased due to the growth of high-tech industries, including electric vehicles, energy storage, and electronic information, driven by the global industrial structure upgrade [3]. Group 3: Strategic Developments - The event included the signing of an agreement to establish a "Joint Technology R&D and Demonstration Center" between the National Key Laboratory of Geological Processes and Mineralization Prediction and the China Minmetals Corporation, focusing on the efficient development of strategic rare metal minerals [3].