GEM GEM GEMGEMGEM GEM 3681145548397152157158160161163248 H1.00 HGEM 202496 2024826 571 1.00H H 1.00 www.xyjiance.cn 2025111520253212025321 2025123120261232026123 20253212025321 (2025516) 1 18346 H 183171712–1716 12206–19 2 30494917–4937 20251231 432025399202577460266CMA202572622025101,891 2025123181.3647.2%202455.2624.6%20.31202416.30.60202512310.186.1130% 20233620286512.7%100 20239[2024]1761 2026326 43435,336 1. (1) 20192320233611.3%20286512.7% (2) 100 (3) 2. (1) •••••• (2) 132703828 (3) 2020V1.02024V2.0 2023 2024V1.0V1.0 2025 (4) (5) 242202511 202511 20258 435,336 1. 20254 43 (1) (2) (3) 202541693351%20256451%49% (i)(ii)(iii)(iv) (4) 20245 –– (5) 2025851,257100%2025827 (6) 2025819800 2. 384,486 35,000 kN35,000 kN 20245202512318.85850 3. 2005928202212292023312023331 20241021(i)2024103120251031(ii)20251031 202572220250053(i)(ii)(iii)(iv)(v)(vi)(vii) 2025123120241231 19.9%55.68202446.45(i)3.33(ii)4.49 31.4%3.8920245.67 20251231181.8%8.8520243.1420242025 202512319.54202420251231 202512312.62202420251231 202512310.782024 2025123144.8%29.18202420.1520251231 2025123120241231 64.1%202463.5%(i)(ii) 202512311.1520245.83 2025123118.09202417.2622%202431% 202512311.120240.55 202512311.5520241.21202442025 202512316.4920246.02 2025123120.31202416.3024.6% 202512310.6020240.61 2026326202512310.1820240.1520267142026527 2025123140.392024123124.38 2025123145.292024123138.66 202512311.94202412312.30 202512314.21202412312.98 2025123176.842024123148.64 28120242572025123124 202512319.30202412317.73 202512312024123110 20251231101.692024123199.86 202512318.4320244.83(i)(ii) 2025123183202449 202512315.3202412319.42025123175.172024123185.16 20251231101.692024123199.86 20251231202412311.3 2025123120241231 2025123120241231 202512312024 202512315%2024 (i)51% 20254162025514202573202541651%9,330,000202564 (ii)100% 20258520258512,570,9002025827 51% 202512162025121651%13,323,900202632 (iv)51% 202512292025122951%10,710,0002026 20251231 20251231 GEM 2025123121520241231114 2025123120.37202418.59 20251231 (i)51% 20263251%13,323,900 (ii) 202512 3120261 5 202512312026123 (iii) 2026123202512312026123 20251231 20249GEM49.9654.420249202612 2025123120251231 2025123137,483.02202512312026123 33.7 (i)13.09 (ii)10.48 (iii)10.17 20251231202615 1. 2023920241211[2024]1761 2. (1) 2021202220232024202559.3%30.9%35.8%28.6%16.61%202410.0319.6%20258.28 (2) 20251231 (3) 1. 202482620251231 20251231 – 20251231 8 2026 2. (i)(ii)(iii)(iv)(v)(vi)(vii) 3. 2000 4. (i)(ii)(iii) 2025202531124220251120258 46201312023772023102620131 2520131202372023720008200372003820121220233 201812001200320238200820182 502015820231026 1320158201612016220237202372012920158 2012120215 382014120237720231026 122014120218202182023720237 201312015122019520238 382010820231026 152010820218202192023720237 2014120161JYPC20238 352013320237720231026 1320219202482024920249 362023102025720241202422025420257 2020122023102020820201220151120208 20148201542013720146 2013 552024813 3119949199682202199992002360003060302004820061120061220088200810201342013520141120141120177201832020320205202176652024111202182023120231688222 1999720097(Judge Business School)199171994620069 412024813 182008120089Anglo & International Corporate Finance,Limited2008102020420161 2007920066 492024813 23200332006820069 20081220007 2025516 422020520106 15201062010620205202052023720249 3920135 152013520161201622023720205202372010720134600477 20134201712 202532115 20251231 C.2.1 GEM5.465.6720251231 202310262025123120261232026123 20251231 14 ••••• (a)(b)(c) (d) (e) •••••• GEM5.05(1)GEM5.05(2)GEM5.05A GEM5.09 20251231GEM GEM5.02DGEM20261232026122GEM 20251231GEM5.02F 2023102620261520261025 2C.2.1 202496GEM5.282D.3GEM5.05(2)5.2820251231GEM5.28 20251231 (i)20241231 (ii) (iii)202412312025630 (iv) 202512313 20251231 2024962E.1 20251231 (i)20241231 (ii)(iii)(iv) 202512313 20248132B.3 20251231 (i) (ii)20241231 (iii) (iv) (v) 20251231GEM (i)(ii)(iii) ••••GEMGEM••• (i) (1)(2)(3)(4)(5) (ii) (1)(2)(3) GEM 202512312 (55.6%)(44.4%) 2025123121566%34%3378.8%2621.2%7 202512311.6 20251231 2025 20251231 20251231 (a) (b) (c) (i)(ii)(iii)(iv)(v) (a) (b) (c) (d) 20251231 20251231D.2.1 (a)ESG (b)ESG(c)(d)(e)GEM(f)ESG 20251231GEM 20251231 202612120251231 20251231 20251231 2025321 GEM2025321 20249202511152025321202511152025111520251115 20251231GEM5.1515 GEM 5410% 101010%9010% 591%102 1 8816106@xyjiance.cn 20251231 (i) (ii) (iii)(www.xyjiance.cn) •••••• (iv) (v) (vi) F.1.1 20251231 20255162025GEM20252025 20251231 2025122026152026123 2025 18816106@xyjiance.cn 2024852F.1.1 (1)20% (2) (3) (i) (ii)10% (4)10%50% (5) 2025516www.xyjiance.cnwww.hkexnews.hk 20251231 1 20251231157 20251231 202512310.1830% H2026515 H10%HH2026527H H10%10%H10%10%H10%HH10%20%H20%20% 20251