Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. CIMC Enric Holdings Limited 中集安瑞科控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 3899) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 FINANCIAL HIGHLIGHTS For the six months ended 30 June 2026 2025 (unaudited) (unaudited) Change Revenue (RMB’000) 12,867,313 12,614,294 2.0% Net profit (RMB’000) 526,359 581,042 (9.4%) Profit attributable to shareholders (RMB’000) 516,530 562,132 (8.1%) Basic earnings per share (RMB) 0.246 0.278 (11.5%) The Board of Directors of CIMC Enric Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) announces the unaudited financial results of the Group for the six months ended 30 June 2026 together with the comparative figures for the corresponding period in 2025. The interim financial results are unaudited but have been reviewed by the audit committee of the Company. – 1 –
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CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED 30 JUNE 2026 – unaudited Six months ended 30 June Note 2026 2025 RMB’000 RMB’000 Revenue 3 12,867,313 12,614,294 Cost of sales (11,038,716) (10,791,523) Gross profit 1,828,597 1,822,771 Other operating income 179,803 172,209 Other losses, net (126,990) (57,271) Impairment losses on financial and contract assets 5(c) (4,472) (40,507) Selling expenses (278,229) (262,925) Administrative expenses (956,034) (888,743) Profit from operations 642,675 745,534 Finance costs 5(a) (38,740) (44,681) Share of results of associates and a joint venture 53,018 14,679 Profit before taxation 5 656,953 715,532 Income tax 6 (130,594) (134,490) Profit for the period 526,359 581,042 Attributable to: Equity shareholders of the Company 516,530 562,132 Non-controlling interests 9,829 18,910 Profit for the period 526,359 581,042 Earnings per share 7 – Basic RMB0.246 RMB0.278 – Diluted RMB0.245 RMB0.274 – 2 –
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CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2026 – unaudited Six months ended 30 June 2026 2025 RMB’000 RMB’000 Profit for the period 526,359 581,042 Other comprehensive income for the period (after tax and reclassification adjustments): Items that may be reclassified subsequently to profit or loss: Exchange difference on translation of foreign operations (60,922) 52,628 Total comprehensive income for the period 465,437 633,670 Attributable to: Equity shareholders of the Company 455,608 614,758 Non-controlling interests 9,829 18,912 Total comprehensive income for the period 465,437 633,670 – 3 –
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2026 – unaudited Note As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 ASSETS Non-current assets Property, plant and equipment 4,735,600 4,710,861 Construction in progress 1,203,106 728,770 Right-of-use assets 245,928 257,381 Investment properties 20,869 22,358 Lease prepayments 612,272 616,355 Intangible assets 237,565 253,749 Goodwill 262,634 266,407 Deferred tax assets 301,162 254,018 Interests in associates and a joint venture 873,531 807,668 Financial instruments at fair value through profit or loss 44,784 13,427 Total non-current assets 8,537,451 7,930,994 Current assets Inventories 5,790,927 5,249,417 Contract assets 2,667,690 3,265,070 Trade and bills receivables 8 3,860,745 3,551,971 Deposits, other receivables and prepayments 3,090,116 2,721,515 Amounts due from related parties 138,476 156,875 Financial instruments at fair value through profit or loss 6,564 6,639 Term and restricted bank deposits 1,112,536 1,547,772 Cash and cash equivalents 7,603,342 7,751,634 Total current assets 24,270,396 24,250,893 Total assets 32,807,847 32,181,887 – 4 –
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Note As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 LIABILITIES Non-current liabilities Bank loans 555,375 393,551 Loans from related parties 72,396 26,934 Medium-term notes 1,495,246 1,995,035 Warranty provision 201,264 231,652 Deferred tax liabilities 251,801 220,963 Deferred income 297,454 290,418 Employee benefit liabilities 9,249 13,022 Lease liabilities 226,883 226,469 Long-term payables 17,883 24,119 Financial instruments at fair value through profit or loss 3,254 4,984 Total non-current liabilities 3,130,805 3,427,147 Current liabilities Bank loans 482,191 378,625 Medium-term notes 499,824 – Short-term notes 500,000 500,000 Lease liabilities 46,596 46,924 Loans from related parties 258,614 200,806 Trade and bills payables 9 6,037,174 6,474,385 Contract liabilities 5,223,828 4,935,918 Other payables and accrued expenses 1,844,759 1,891,562 Amounts due to related parties 192,791 277,236 Warranty provision 124,829 128,583 Financial instruments at fair value through profit or loss 9,276 18,346 Income tax payable 125,757 115,745 Total current liabilities 15,345,639 14,968,130 Total liabilities 18,476,444 18,395,277 NET ASSETS 14,331,403 13,786,610 – 5 –
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As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 EQUITY Share capital 19,278 18,540 Reserves 12,699,823 12,125,667 Equity attributable to equity shareholders of the Company 12,719,101 12,144,207 Non-controlling interests 1,612,302 1,642,403 TOTAL EQUITY 14,331,403 13,786,610 – 6 –
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE SIX MONTHS ENDED 30 JUNE 2026 – unaudited Attributable to equity shareholders of the Company Share capital Share premium Shares held for share award scheme Contributed surplus Capital reserve Exchange reserve General reserve fund Retained earnings Other reserve Total Non- controlling interests Total equity RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Balance at 1 January 2025 18,521 704,962 (14,102) 1,124,571 2,662,856 (593,095) 838,147 6,719,103 38,111 11,499,074 1,605,964 13,105,038 Profit for the period – – – – – – – 562,132 – 562,132 18,910 581,042 Exchange difference on translation of foreign operations – – – – – 52,626 – – – 52,626 2 52,628 Total comprehensive income – – – – – 52,626 – 562,132 – 614,758 18,912 633,670 Special reserve-safe production fund – – – – – – – – 9,794 9,794 8 9,802 Capital contribution from non-controlling interests – – – – 39,225 – – – – 39,225 74,684 113,909 Equity-settled share-based payments – – – – 32,808 – – – – 32,808 54 32,862 Transfer to general reserve – – – – – – 4,631 (4,631) – – – – 2024 final dividend declared – – – – – – – (565,768) – (565,768) – (565,768) Dividends distribution made by a subsidiary to non-controlling interests – – – – – – – – – – (75,051) (75,051) Acquisition of a subsidiary – – – – – – – – – – 10,488 10,488 Other/uni00A0changes/uni00A0in/uni00A0equity/uni00A0for/uni00A0the/uni00A0period– – – – 72,033 – 4,631 (570,399) 9,794 (483,941) 10,183 (473,758) Balance at 30 June 2025 18,521 704,962 (14,102) 1,124,571 2,734,889 (540,469) 842,778 6,710,836 47,905 11,629,891 1,635,059 13,264,950 – 7 –
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)FOR THE SIX MONTHS ENDED 30 JUNE 2026 – unaudited Attributable to equity shareholders of the Company Share capital Share premium Shares held for share award scheme Contributed surplus Capital reserve Exchange reserve General reserve fund Retained earnings Other reserve Total Non- controlling interests Total equity RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Balance at 1 January 2026 18,540 718,603 (15,890) 1,124,571 2,599,809 (474,309) 938,343 7,188,353 46,187 12,144,207 1,642,403 13,786,610 Profit for the period – – – – – – – 516,530 – 516,530 9,829 526,359 Exchange difference on translation of foreign operations – – – – – (60,922) – – – (60,922) – (60,922) Total comprehensive income – – – – – (60,922) – 516,530 – 455,608 9,829 465,437 Special reserve-safe production fund – – – – – – – – 5,651 5,651 – 5,651 Issuance of shares in connection with exercise of share options 38 36,295 – – (8,552) – – – – 27,781 – 27,781 Issuance of shares upon placement 700 679,621 – – – – – – – 680,321 – 680,321 Purchase of shares in connection with share award scheme – – (24,140) – – – – – – (24,140) – (24,140) Capital contribution from non-controlling interests – – – – – – – – – – 2,000 2,000 Shares held for share award scheme – vesting of awarded shares – 3,200 3,943 – (3,138) – – – – 4,005 – 4,005 Equity-settled share-based payments – – – – 9,170 – – – – 9,170 – 9,170 Transaction with non-controlling interests – – – – (8,052) – – – – (8,052) (5,073) (13,125) Dividends distribution made by subsidiaries to non-controlling interests – – – – – – – – – – (36,857) (36,857) 2025 final dividend paid(note 10) – – – – – – – (575,450) – (575,450) – (575,450) Other changes in equity for the period 738 719,116 (20,197) – (10,572) – – (575,450) 5,651 119,286 (39,930) 79,356 Balance at 30 June 2026 19,278 1,437,719 (36,087) 1,124,571 2,589,237 (535,231) 938,343 7,129,433 51,838 12,719,101 1,612,302 14,331,403 – 8 –
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NOTES 1. BASIS OF PREPARATION The consolidated results set out in this announcement are extracted from the interim financial report of the Group for the six months ended 30 June 2026. The interim financial reports are presented in Renminbi (“RMB”) unless otherwise stated. The interim financial report has been prepared in accordance with the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, including compliance with Hong Kong Accounting Standard (“HKAS”) 34, Interim Financial Reporting , issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”). The interim financial report has been authorised for issue by the Board of Directors on 25 August 2026. The interim financial report has been prepared in accordance with the same accounting policies adopted in the 2025 annual financial statements, except for the accounting policy changes that are expected to be reflected in the 2026 annual financial statements. Details of any changes in accounting policies are set out in note 2(a). The preparation of an interim financial report in conformity with HKAS 34 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses on a year-to-date basis. Actual results may differ from these estimates. The interim financial report contains condensed consolidated financial statements and selected explanatory notes. The notes include an explanation of events and transactions that are significant to an understanding of the changes in financial position and performance of the Group since the 2025 annual financial statements. The condensed consolidated interim financial statements and notes thereon do not include all the information required for a full set of financial statements prepared in accordance with HKFRS Accounting Standards. The interim financial report is unaudited, but has been reviewed by KPMG in accordance with Hong Kong Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity , issued by the HKICPA. 2. CHANGES IN ACCOUNTING POLICIES (a) Amendments adopted by the Group The HKICPA has issued a number of amendments to HKFRS Accounting Standards that are first effective for the current accounting period. Of these, only the amendments to HKFRS 9, Financial instruments and HKFRS 7, Financial instruments: Disclosures – Amendments to the classification and measurement of financial instruments , are relevant to the Group’s financial statements. The adoption of the amended standards does not have a material impact on the Group. The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period. – 9 –
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(b) New and amended standards not yet adopted The following new and amended standards have been issued but are not effective for the financial period beginning 1 January 2026 and have not been early adopted: Effective for accounting periods beginning on or after HKFRS 18, Presentation and Disclosure in Financial Statements 1 January 2027 HKFRS 19, Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to HKFRS 10 and HKAS 28, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture To be determined These standards are not expected to have a material impact on the Group in the current or future reporting periods and on foreseeable future transactions. 3 REVENUE The Group is principally engaged in the design, development, manufacturing, engineering, sales and operation of, and the provision of technical maintenance services for, a wide spectrum of transportation, storage and processing equipment that is widely used in the clean energy, chemical and environmental and liquid food industries. Revenue represents (i) the sales value of goods sold after allowances for returns of goods, excluding value added taxes or other sales taxes and after the deduction of any trade discounts; and (ii) revenue from project engineering contracts. The amount of each significant category of revenue recognised in revenue during the six months ended 30 June 2026 is as follows: Six months ended 30 June 2026 2025 RMB’000 RMB’000 Revenue from contracts with customers within the scope of HKFRS 15 Sales of goods 8,114,081 7,839,230 Revenue from project engineering contracts 4,753,232 4,775,064 12,867,313 12,614,294 – 10 –
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4 SEGMENT REPORTING The Group manages its businesses by divisions organised by business lines (products and services). In a manner consistent with the way in which information is reported internally to the Group’s most senior executive management, which is the Group’s chief operating decision-maker, for the purposes of resource allocation and performance assessment, the Group has identified the following three reportable segments based on the economic characteristic of the business units. • Clean energy: this segment specialises in the manufacture and sale of a wide range of equipment and construction for the storage, transportation, application, processing and distribution of natural gas, liquefied petroleum gas (“LPG”) and hydrogen such as compressed natural gas and hydrogen trailers, seamless pressure cylinders, liquefied natural gas (“LNG”) trailers, LNG and hydrogen storage tanks, LPG tanks, LPG trailers, natural gas and hydrogen refuelling station systems and natural gas compressors; and the provision of engineering, procurement and construction services for the natural gas and hydrogen industries; the design, production and sale of small and medium-sized offshore liquefied gas carriers; natural gas and hydrogen processing and distribution services and the provision of value-added services for the clean energy industry. • Chemical and environmental: this segment specialises in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gaseous chemicals and powder chemicals; the provision of maintenance and value-added services for tank containers; and explores business in environmental protection. • Liquid food: this segment specialises in the engineering, manufacture and sale of stainless steel tanks for storage and processing liquid food such as beer, distilled spirits, fruit juice and diary products; the provision of turnkey service for the brewery industry as well as other liquid food industries; and the provision of peripheral logistics service. (a) Segment results, assets and liabilities For the purposes of assessing segment performance and allocating resources between segments, the Group’s chief operating decision-maker monitors the results, assets and liabilities attributable to each reportable segment on the following bases: Segment assets include non-current assets and current assets with the exception of deferred tax assets and certain assets unallocated to an individual reportable segment. Segment liabilities include non-current liabilities and current liabilities with the exception of income tax payable, deferred tax liabilities, medium-term notes, short-term notes and certain liabilities unallocated to an individual reportable segment. Revenue and expenses are allocated to the reportable segments with reference to sales generated by those segments and the expenses incurred by those segments or which otherwise arise from the depreciation or amortisation of assets attributable to those segments. The measure used for reporting segment profit is “adjusted profit from operations”. To arrive at the Group’s profits, the reporting segments’ adjusted profits from operations are further adjusted by excluding items not specifically attributable to an individual reportable segment, such as directors’ remuneration, auditors’ remuneration and other head office or corporate administrative expenses. – 11 –
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Information regarding the Group’s reportable segments as provided to the Group’s most senior executive management for the purposes of resource allocation and assessment of segment performance for the period is set out below: Clean energy Chemical and environmental Liquid food Total Six months ended 30 June Six months ended 30 June Six months ended 30 June Six months ended 30 June 2026 2025 2026 2025 2026 2025 2026 2025 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Revenue from external customers 10,419,839 9,626,031 1,289,710 1,111,473 1,157,764 1,876,790 12,867,313 12,614,294 Inter-segment revenue – – 28,302 32,091 – – 28,302 32,091 Reportable segment revenue 10,419,839 9,626,031 1,318,012 1,143,564 1,157,764 1,876,790 12,895,615 12,646,385 Timing of revenue recognition At a point in time 6,466,849 6,344,645 1,318,012 1,143,564 357,522 383,112 8,142,383 7,871,321 Over time 3,952,990 3,281,386 – – 800,242 1,493,678 4,753,232 4,775,064 Reportable segment profit/ (loss) (adjusted profit/ (loss) from operations) 642,861 558,425 50,726 71,289 (11,365) 168,673 682,222 798,387 Clean energy Chemical and environmental Liquid food Total As at 30 June 2026 As at 31 December 2025 As at 30 June 2026 As at 31 December 2025 As at 30 June 2026 As at 31 December 2025 As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Reportable segment assets 20,798,758 20,253,606 5,434,227 5,508,227 3,824,944 4,142,273 30,057,929 29,904,106 Reportable segment liabilities 12,926,681 12,838,594 931,472 945,855 1,290,750 1,378,615 15,148,903 15,163,064 – 12 –
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(b) Reconciliations of reportable segment revenue, profit or loss, assets and liabilities Six months ended 30 June 2026 2025 RMB’000 RMB’000 Revenue Reportable segment revenue 12,895,615 12,646,385 Elimination of inter-segment revenue (28,302) (32,091) Consolidated revenue 12,867,313 12,614,294 Six months ended 30 June 2026 2025 RMB’000 RMB’000 Profit Reportable segment profit 682,222 798,387 Elimination of inter-segment profit (1,580) (1,239) Reportable segment profit derived from Group’s external customers 680,642 797,148 Finance costs (38,740) (44,681) Share of results of associates and a joint venture 53,018 14,679 Unallocated operating expenses (37,967) (51,614) Consolidated profit before taxation 656,953 715,532 As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 Assets Reportable segment assets 30,057,929 29,904,106 Elimination of inter-segment receivables (13,028) (11,853) 30,044,901 29,892,253 Deferred tax assets 301,162 254,018 Unallocated assets 2,461,784 2,035,616 Consolidated total assets 32,807,847 32,181,887 – 13 –
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As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 Liabilities Reportable segment liabilities 15,148,903 15,163,064 Elimination of inter-segment payables (13,028) (11,853) 15,135,875 15,151,211 Income tax payable 125,657 115,745 Deferred tax liabilities 251,801 220,963 Medium-term notes 1,995,070 1,995,035 Short-term notes 500,000 500,000 Unallocated liabilities 468,041 412,323 Consolidated total liabilities 18,476,444 18,395,277 5 PROFIT BEFORE TAXATION Profit before taxation is arrived at after charging: (a) Finance costs Six months ended 30 June 2026 2025 RMB’000 RMB’000 Interest on bank loans, loans from related parties, medium-term notes, short-term notes and other borrowings 36,689 36,796 Interest on lease liabilities 3,719 2,928 Less: interest capitalised (5,577) – Bank charges 3,909 4,957 38,740 44,681 – 14 –
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(b) Other items Six months ended 30 June 2026 2025 RMB’000 RMB’000 Cost of inventories 6,990,491 6,841,175 Cost from project engineering contracts 4,048,225 3,950,348 Salaries, wages and allowances 1,275,390 1,308,419 Contributions to retirement schemes 93,929 92,764 Depreciation of property, plant and equipment 185,045 176,450 Depreciation of right-of-use assets 36,257 24,932 Amortisation of intangible assets 28,736 26,115 Amortisation of lease prepayments 9,158 8,525 Operating lease charges for property rental 5,723 5,875 Provision for product warranties 45,755 40,521 Write-down of inventories 12,834 3,631 Equity-settled share-based payment expenses 9,170 32,862 Cost of research and development 347,907 308,018 Cost of inventories, cost from project engineering contracts and cost of research and development included costs relating to salaries, wages and allowances, contributions to retirement schemes, equity- settled share-based payment expenses, depreciation and amortisation expenses, which amount is also included in the respective total amounts disclosed separately above. (c) Impairment losses on financial and contract assets Six months ended 30 June 2026 2025 RMB’000 RMB’000 Impairment provision for trade receivables 21,621 43,300 Reversal of impairment provision for trade receivables (8,915) (9,242) Impairment provision for other receivables 1,359 649 Reversal of impairment provision for other receivables (740) – Impairment provision for contract assets 7,334 7,660 Reversal of impairment provision for contract assets (16,187) (1,860) 4,472 40,507 – 15 –
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6 INCOME TAX Six months ended 30 June 2026 2025 RMB’000 RMB’000 Current income tax 146,900 218,819 Deferred income tax (16,306) (84,329) 130,594 134,490 No provision has been made for Hong Kong Profits Tax as the Group did not have assessable profits subject to Hong Kong Profits Tax during the period. According to the Corporate Income Tax Law of China, the Company’s subsidiaries in the PRC are subject to statutory income tax rate of 25%, except for those which are entitled to a preferential tax rate applicable to advances and new technology enterprises of 15%. Taxation on overseas profits has been calculated on the estimated assessable profit for the period at the rates of taxation prevailing in the countries in which the entities operate. In December 2021, the Organisation for Economic Co-operation and Development released the Global Anti-Base Erosion (“GloBE”) model rules (also known as “Pillar Two”) to reform international corporate taxation. The Group is within the scope of the Pillar Two. Under Pillar Two, the Group is liable to pay a top-up tax for the difference between its GloBE effective tax rate per jurisdiction and the 15% minimum rate. As of the reporting date, Pillar Two legislation has come into effect in certain jurisdictions in which the Group operates, including the Netherlands, Belgium, Denmark, Germany, the United Kingdom, Canada, Hong Kong and Singapore. The Group has assessed the top-up tax implication under the Pillar Two legislation based on the financial data for the period ended 30 June 2026 and does not anticipate significant exposure to Pillar Two top-up taxes as of the reporting date. The Group will continue to monitor global developments related to the Pillar Two legislation and reassess any potential impacts accordingly. The Group has adopted the temporary mandatory exception, provided in the amendments to HKAS 12 “Income Taxes” issued by the HKICPA in July 2023, from recognising or disclosing information about deferred income tax assets and liabilities associated with Pillar Two Income Taxes. – 16 –
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7 EARNINGS PER SHARE The calculation of the basic and diluted earnings per share attributable to equity shareholders of the Company is based on the following data: Six months ended 30 June 2026 2025 RMB’000 RMB’000 Earnings Earnings for the purposes of basic earnings per share 516,530 562,132 Earnings for the purposes of diluted earnings per share 516,530 555,051 Six months ended 30 June 2026 2025 Number of shares Weighted average number of ordinary shares for the purpose of basic earnings per share 2,097,748,879 2,024,387,865 Effect of dilutive potential ordinary shares in respect of the Company’s share option and share award schemes 14,064,185 – Weighted average number of ordinary shares for the purpose of diluted earnings per share 2,111,813,064 2,024,387,865 Six months ended 30 June 2026 2025 RMB RMB Earnings per share Basic earnings per share 0.246 0.278 Diluted earnings per share 0.245 0.274 – 17 –
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8 TRADE AND BILLS RECEIVABLES As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 Trade receivables 3,611,067 3,368,245 Less: allowance for excepted credit loss (272,212) (264,768) 3,338,855 3,103,477 Bills receivables (i) 521,890 448,494 3,860,745 3,551,971 (i) As at 30 June 2026, amounts of RMB377,607,000 (31 December 2025: RMB314,708,000) represent bank acceptance bills classified as financial assets at FVOCI, which the Group intended to hold until maturity or to discount or endorse to financial institutions for treasury management purposes. RMB53,771,000 and RMB90,512,000 (31 December 2025: RMB38,887,000 and RMB94,899,000) represent trade acceptance bills and bank acceptance bills, respectively, classified as financial assets at amortised cost, which the Group has intended to hold until maturity. (ii) An ageing analysis of trade and bills receivables based on due date (net of allowance for expected credit loss) is as follows: As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 Current 3,084,950 2,786,183 Less than 3 months past due 331,276 375,996 More than 3 months but less than 12 months past due 328,778 284,672 More than 1 year but less than 2 years past due 96,174 84,085 More than 2 years but less than 3 years past due 10,041 14,930 More than 3 years but less than 5 years past due 9,526 6,105 Amounts past due 775,795 765,788 3,860,745 3,551,971 In general, debts are due for payment upon 30 to 90 days after billing. Subject to negotiation, credit terms up to twelve months are available for certain customers with well-established trade and payment history on a case-by-case basis. – 18 –
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9 TRADE AND BILLS PAYABLES As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 Trade creditors 5,082,081 5,352,642 Bills payables 955,093 1,121,743 6,037,174 6,474,385 An ageing analysis of trade and bills payables of the Group, based on the invoice date, is as follows: As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 Within 3 months 4,533,266 4,954,490 3 months to 12 months 1,259,960 1,174,346 Over 12 months 243,948 345,549 6,037,174 6,474,385 All the trade and bills payables are expected to be settled within one year. 10 DIVIDENDS Final dividend of RMB575,450,000 in relation to the year ended 31 December 2025 was paid during the six months ended 30 June 2026 (final dividend of RMB565,768,000 in relation to the year ended 31 December 2024 was approved in May 2025 and paid in July 2025). The Board of Directors do not recommend the payment of any interim dividend for the six months ended 30 June 2026 (six months ended 30 June 2025: nil). – 19 –
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MANAGEMENT DISCUSSION AND ANALYSIS The financial and operational data highlights of the Group for the period together with the comparative figures for the corresponding period last year are as follows: Six months ended 30 June Change 2026 2025 % (unaudited) (unaudited) Key financial data Revenue (RMB’000) 12,867,313 12,614,294 2.0% ÑClean energy segment 10,419,839 9,626,031 8.2% ÑChemical and environmental segment 1,289,710 1,111,473 16.0% ÑLiquid food segment 1,157,764 1,876,790 (38.3%) Gross profit (RMB’000) 1,828,597 1,822,771 0.3% Net profit (RMB’000) 526,359 581,042 (9.4%) Profit attributable to shareholders (RMB’000) 516,530 562,132 (8.1%) Basic earnings per share (RMB) 0.246 0.278 11.5%) – 20 –
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FINANCIAL REVIEW Revenue During the first half of 2026, benefiting from stronger demand for LNG trailer and equipment, continuous deliveries of marine clean energy facilities and rebounding demand for tank containers, the Group’s clean energy segment and chemical and environmental segment grew steadily during the period. At the same time, the insufficient orders on hand at the beginning of the reporting period has negatively impacted the liquid food segment. As a result, the Group’s consolidated revenue for the first half of 2026 rose by 2.0% to RMB12,867,313,000 (corresponding period in 2025: RMB12,614,294,000). The performance of each segment is discussed below. 9.0% 10.0% 81.0% Revenue breakdown by segment Liquid food segment Chemical and environmental segment Clean energy segment (1H2025: 14.9%) (1H2025: 8.8%) (1H2025: 76.3%) With the continuous tightening of the country’s and the global requirements for environmental protection, energy conservation and emission reduction, driving the sales of our storage and transportation equipment such as LNG trailers, LNG on-vehicle cylinders and liquefied gas carriers. As a result, the clean energy segment’s revenue for the first half of 2026 rose by 8.2% to RMB10,419,839,000 (corresponding period in 2025: RMB9,626,031,000). The clean energy segment remained the top grossing segment and contributed 81.0% (corresponding period in 2025: 76.3%) of the Group’s total revenue. – 21 –
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Due to the recovery in demand for tank containers, the chemical and environmental segment’s revenue increased by 16.0% to RMB1,289,710,000 (corresponding period in 2025: RMB1,111,473,000). The segment made up 10.0% of the Group’s total revenue (corresponding period in 2025: 8.8%). During the first half of 2026, the segment’s orders on hand at the beginning of the reporting period was relatively low, resulting in a significant year-on-year decrease in the scale of executable projects; although order intake recorded a rapid increase during the period, the conversion of order intake into revenue has not yet been fully reflected in the current period due to the project execution schedule and revenue recognition cycle, the liquid food segment’s revenue saw a decrease of 38.3% to RMB1,157,764,000 during the period (corresponding period in 2025: RMB1,876,790,000). The segment accounted for 9.0% of the Group’s total revenue (corresponding period in 2025: 14.9%). As of 30 June 2026 2025 Change (unaudited) (unaudited) Newly signed orders Total (RMB million) 13,714 10,736 27.7% ÑClean energy segment 10,607 8,965 18.3% ÑChemical and environmental segment 1,665 1,079 54.3% ÑLiquid food segment 1,442 692 108.4% As of 30 June 2026 2025 Change (unaudited) (unaudited) Backlog orders Total (RMB million) 31,771 29,181 8.9% ÑClean energy segment 27,756 25,204 10.1% ÑChemical and environmental segment 1,570 840 86.8% ÑLiquid food segment 2,445 3,137 (22.1%) In the first half of 2026, newly signed orders for the hydrogen energy business amounted to RMB466 million, with backlog orders of RMB334 million as of the end of June 2026. – 22 –
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Gross profit margin and profitability The Group’s overall gross profit margin (“GP margin”) decreased to 14.2% in the first half of 2026 from 14.5% in the corresponding period in 2025,which was mainly attributable to the decline in GP margins of chemical and environmental segment and liquid food segment and offset the improved GP margin of clean energy segment. 14.2% 14.5% 13.8% 12.7% 12.9% 24.2% 11.0% 21.1% Gross profit margin Liquid food segmentChemical and environmental segment Clean energy segment CIMC Enric 1H20251H2026 1H20251H2026 1H20251H2026 1H20251H2026 The clean energy segment’s GP margin improved by 1.1 percentage points from the same period last year, primarily attributable to the significant year-on-year improvement in gross profit of the offshore clean energy business during the period, which has a fully booked production schedule, optimised product mix and continuous improvements in production efficiency benefiting from robust shipbuilding industry. During the period, the GP margin of chemical and environmental segment decreased, which was mainly due to the intensifying competition in an overcompetitive market. During the period, the GP margin of liquid food segment decreased which was mainly because of lower revenue contribution from high-margin projects. Profit from operations expressed as a percentage of revenue decreased to 5.0% (corresponding period in 2025: 5.9%),which was mainly due to a decrease in GP margin. During the period, income tax expense decreased by 2.9% to RMB130,594,000 (corresponding period in 2025: RMB134,490,000). This decrease was mainly attributable to the reduction in profit before taxation. – 23 –
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Liquidity and Financial Resources As at 30 June 2026, the cash and cash equivalents of the Group amounted to RMB7,603,342,000 (31 December 2025: RMB7,751,634,000), of which approximately 47% was attributable to Safeway and CLPT in aggregate (31 December 2025: approximately 50%). A portion of the Group’s bank deposits totaling RMB1,112,536,000 (31 December 2025: RMB1,547,772,000), which had a term of maturity more than three months from the date of their initial placement, were restricted for investments purposes or for guarantee of banking facilities. The Group has maintained sufficient cash on hand for repayment of bank loans as they fall due and continued to take a prudent approach in future development and capital expenditure. The Group has been cautiously managing its financial resources and constantly reviews and maintains an optimal gearing level. As at 30 June 2026, the Group’s bank loans and overdrafts amounted to RMB1,037,566,000 (31 December 2025: RMB772,176,000). All bank loans are repayable from within one to thirteen years and bear interest at rates from 2.09% to 3.49% per annum (2025: 1.85% to 3.49%). As at 30 June 2026, the Group had bank loan amounting to RMB108,460,000 guaranteed by the Company (31 December 2025: RMB105,049,000). The Group had secured bank loans amounting to RMB1,667,000 as at 30 June 2026 (31 December 2025: RMB1,752,000). As at 30 June 2026, loans from related parties amounted to RMB331,010,000 (31 December 2025: RMB227,740,000), which are unsecured, bear interest from 2.08% to 2.75% per annum (31 December 2025: 2.11% to 2.51%) and repayable from within one to nine years (31 December 2025: repayable from within one to four years). The net gearing ratio, which is calculated by dividing net debt over equity, was zero times (31 December 2025: zero times) as the Group retained a net cash balance of RMB3,739,696,000 (31 December 2025: RMB4,256,683,000). The decrease in net cash balance was mainly attributable to a cash outflow from operating and investing activities which is partially offset by the cash inflow from financing during the period. – 24 –
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The Group’s interest coverage was 17.1 times for the period (corresponding period in 2025: 19.0 times), which represented a decline that was mainly due to a decrease in profit from operation for the period. The Group’s profit from operation demonstrates that the Group is fully capable of meeting its interest expense commitments. During the first half of 2026, net cash used in operating activities amounted to RMB247,130,000 (corresponding period in 2025: inflow RMB47,138,000), by consistently applying the right measures and controls, the Company is confident to maintain a net operating cash inflow in the long run. The net cash used in investing activities amounted to RMB180,412,000 (corresponding period in 2025: inflow RMB499,169,000), this was mainly due to the placement of term deposit which totaled RMB826,281,000 (corresponding period in 2025: RMB433,000,000) and the payment for acquisition of property, plant and equipment and construction in progress amounted to RMB406,523,000 (corresponding period in 2025: RMB272,840,000). At the same time, the amount of term deposit withdrawal decreased to RMB1,102,000,000 (corresponding period in 2025: RMB1,335,822,000), reducing the amount of investing inflow during the period. During the period, the net cash generated from financing activities amounted to RMB392,084,000 (corresponding period in 2025: outflow of RMB29,364,000), this was mainly due to the cash inflow from issuance of shares upon placement and short-term notes amounted to RMB1,179,879,000 (corresponding period in 2025: RMB499,625,000) and draw-down of bank loans amounted to RMB539,728,000 (corresponding period in 2025: RMB85,152,000), which was partially offset by the repayment of bank loans and short-term notes which totaled RMB774,338,000 (corresponding period in 2025: RMB710,449,000) and the dividends paid to the Company’s shareholders RMB575,450,000 (corresponding period in 2025: nil). On 27 January 2026, the Group issued and allotted an aggregate of 79,700,000 new shares at the placing price of HKD9.79 per share. The net proceeds from the placing were approximately HKD774 million. This demonstrates that the Group is flexible in using capital market financing to boost its financial resources. In July 2026, the Group completed the issuance of perpetual notes with face value totaling RMB1,000,000,000 that have no fixed maturity dates, bearing interest at 1.93% per annum, for the purpose of augmenting the working capital and liquidity of the Group. This shows that the Group is resourceful in utilising various means to finance its operation. – 25 –
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Assets and liabilities As at 30 June 2026, total assets of the Group increased from RMB32,181,887,000 (at 31 December 2025) to RMB32,807,847,000. Non-current assets and current assets increased by RMB606,457,000 and RMB19,503,000 respectively. As at 30 June 2026, total liabilities of the Group increased by RMB81,167,000 to RMB18,476,444,000 (31 December 2025: RMB18,395,277,000). The net asset value increased slightly from RMB13,786,610,000 (at 31 December 2025) to RMB14,331,403,000 as at 30 June 2026. The net asset value per share remained stable at RMB6.788 at 30 June 2026 (31 December 2025: RMB6.791). Contingent liabilities As at 30 June 2026, the Group had outstanding procurement performance guarantees issued by relevant banks totalling RMB9,719,710,000 (31 December 2025: RMB9,150,760,000). Save as disclosed above, the Group did not have other material contingent liabilities. Future plans for source of funding and capital commitments Currently, the Group’s operating and capital expenditures are mainly financed by its internal resources such as operating cash flow and shareholders’ equity, and to some extent by interest bearing debts. At the same time, the Group will continuously take particular caution on the inventory level, credit policy as well as receivable management in order to enhance its future operating cash flow. The Group has sufficient resources of funding and unutilised banking facilities to meet future capital expenditure and working capital requirement. As at 30 June 2026, the Group had contracted but not provided for capital commitments of RMB41,643,000 (31 December 2025: RMB608,017,000), while the Group did not have any authorised but not contracted for capital commitments (31 December 2025: nil). Foreign exchange exposure The Group is exposed to foreign currency risk primarily through trade transactions that are denominated in currencies other than its functional currency. The currencies giving rise to this risk to the Group are primarily US dollar and Euro. The Group continuously monitors its foreign exchange exposure and controls such exposure by conducting its business activities and raising funds primarily in the denominations of its principal operating assets and revenue. Moreover, if necessary, the Group can enter into foreign exchange forward contracts with reputable financial institutions to hedge foreign exchange risk. Significant Investment Held and Future Plans for Material Investment and Capital Assets During the six months ended 30 June 2026, the Group did not have any significant investment, and there was no plan for other material investments or additions of capital assets as at the date of this announcement. – 26 –
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Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures During the six months ended 30 June 2026, there were no material acquisitions or disposals of subsidiaries, associates and joint ventures. Charge on Assets As at 30 June 2026, no property, plant and equipment was pledged. Employees and Remuneration Policies As at 30 June 2026, the total number of employees of the Group was approximately 12,300 (corresponding period in 2025: approximately 12,000). Total staff costs (including Directors’ emoluments, retirement benefits schemes contributions and equity-settled share-based payment expenses) were approximately RMB1,378,489,000 (corresponding period in 2025: RMB1,434,045,000). The decline in total staff costs was mainly due to the drop in equity-settled share-based payment expenses during the period. Placing of New Shares under General Mandate On 19 January 2026 (after trading hours), the Company and CLSA Limited (the “Placing Agent”) entered into a placing agreement (the “Placing Agreement”), pursuant to which the Company has agreed to issue and allot up to an aggregate of 79,700,000 new shares (the “Placing Share(s)”) under the general mandate passed by the shareholders at the annual general meeting of the Company held on 20 May 2025, and the Placing Agent has agreed to act as the agent of the Company to procure, on a best effort basis, not less than six placees, being professional, institutional and/or individual investors who and whose ultimate beneficial owners are independent third parties, to subscribe for the Placing Shares at the placing price of HKD9.79 for each Placing Share subject to the terms and conditions of the Placing Agreement (the “Placing”). On 27 January 2026, the Company announced that all conditions to the Placing Agreement have been fulfilled and completion of the Placing took place, and an aggregate of 79,700,000 Placing Shares have been placed by the Placing Agent to not less than six placees at the placing price of HKD9.79 per Placing Share pursuant to the terms and conditions of the Placing Agreement, representing approximately 3.77% of the issued share capital of the Company (excluding treasury shares) as enlarged by the allotment and issue of the Placing Shares immediately upon completion of the Placing. The gross proceeds and the net proceeds (after deducting all relevant expenses, including the Placing commission and professional fees etc.) from the Placing were approximately HKD780 million and approximately HKD774 million, respectively. The net placing price, after deduction of such fees and expenses, was approximately HKD9.71 per Placing Share. – 27 –
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The following table sets forth the status of the use of the net proceeds of approximately HKD774 million from the Placing as at 30 June 2026: Approximate net proceeds Intended use of net proceeds as disclosed in the announcement of the Company dated 27 January 2026 Approximate amount utilised during the six months ended 30 June 2026 Approximate amount unutilised during the six months ended 30 June 2026 Expected timeline for fully utilising the unutilised amount HKD million HKD million HKD million 387 Clean energy business capital expenditure 200 187 31/12/2026 167 General working capital, including but not limited to subsidiaries’ procurement of raw materials for production and operations and payment to suppliers 167 – – 220 Repayment of bank loans 220 – – Details of the Placing are disclosed in the announcements of the Company dated 20 January 2026 and 27 January 2026. Important Events Affecting the Group since 30 June 2026 Save as disclosed in this announcement, there were no other important events affecting the Group which occurred after 30 June 2026 and up to the date of this announcement. – 28 –
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BUSINESS REVIEW CIMC Enric is a leading global service provider of advanced intelligent manufacturing and comprehensive solutions for the clean energy, chemical and environmental and liquid food industries. The Group is committed to promoting the clean energy transition and sustainable development of traditional industries globally by the provision of solutions encompassing “key equipment, core processes, integrated services” and intelligent applications. BUSINESS REVIEW BY SEGMENTS Clean Energy CIMC Enric is the only integrated services provider in China with a full industrial chain layout focusing on clean energy, providing customers with integrated clean energy solutions of “key equipment, core processes, integrated services”. In the key equipment field, the segment specializes in the manufacture, sale and operation of various types of equipment for the storage, transportation, processing and distribution of natural gas (in the forms of liquefied natural gas (“LNG”) and compressed natural gas (“CNG”)), liquefied petroleum gas (“LPG”) and specialty industrial gases (helium, electronic specialty gases, etc.), modular smart low-carbon energy stations and other off-grid distributed power generation solutions, and provides the full industrial chain equipment for hydrogen energy “production, storage, transportation, refuelling and utilisation”, such as high-pressure hydrogen trailers, hydrogen storage tanks, medium pressure hydrogen storage spherical tanks, all the core equipment in the hydrogen refuelling stations, as well as liquid hydrogen transportation vehicles and storage tanks. In the core processes field, the segment provides services such as process design and installation for the clean energy industry, covering turnkey project capabilities for LNG liquefaction plants, integrated energy stations, hydrogen storage spherical tanks, hydrogen-ammonia-methanol and LNG from coke oven gas, as well as green methanol facilities. It also engages in the design, construction and sale of small and medium liquefied gas carriers, LNG bunkering vessels, fuel tanks and supply systems for LNG- powered vessels, as well as floating LNG regasification modules and other deep-sea equipment, holding a leading market share globally. In the integrated services field, the segment has already established production capabilities in the clean energy field for hydrogen-ammonia-methanol and LNG from coke oven gas and biomass green methanol. At the same time, the segment is promoting the application of industrial smart platforms and intelligent hardware and technology (such as smart level measurement instruments, high-vacuum valves, vacuum gauges, Coriolis mass flowmeters, cryogenic submersible pumps, etc.) in the clean energy industry chain, covering coke oven gas, green methanol, bunkering, etc., striving to create “one network on land” and “one network on water”, and further advancing the construction of an “end-to-end” integrated services ecosystem to realise the intelligent upgrade of the value chain. – 29 –
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Onshore Clean Energy Business Key Equipment & Core Processes In the first half of 2026, the global natural gas and LNG market shifted from an initially expected easing to one marked by supply disruptions and heightened price volatility. According to the International Energy Agency (IEA), the global natural gas consumption experienced a phase of negative growth for the first time in the first half of 2026, impacted by both high prices and supply constraints. The IEA has revised its forecast for 2026 global natural gas demand to a year-on-year decline of approximately 0.5%, marking the third annual decline this century. In China, the domestic natural gas market remained closely linked to international trends, with both apparent consumption and LNG imports declining year-on-year in the first half of 2026. In response to the contraction of imported resources, domestic natural gas played a critical role in ensuring supply. According to data from the National Bureau of Statistics, domestic LNG supply in the first half of 2026 reached 15.48 million tonnes, representing a year-on-year increase of 10.4%. In the end user market, LNG heavy duty trucks experienced volatile performance driven by fluctuations in the oil-gas price spread. In March 2026, the widening price spread enhanced the cost competitiveness of LNG, leading to a notable surge in demand for LNG heavy duty trucks. However, from late April onwards, rapid increases in LNG prices temporarily eroded the cost advantage of LNG heavy duty trucks, causing a subsequent decline in sales. In face of the volatile natural gas market, the Group closely monitored the market dynamics and seized the new opportunities in the supply of key equipment. The concentrated release of road logistics demand for LNG transport capacity benefited from the increased supply from domestic LNG liquefaction plants, coupled with the peak of mandatory scrapping and replacement of ageing equipment, leading to the robust demand for LNG trailers, with newly signed orders reaching a record high. Although the demand for on-vehicle LNG cylinders fluctuated in line with the economic performance of LNG, the overall sales of end user applications remained at a high level, supported by the Group’s increasing market share. The Group recorded year-on-year growth in sales volume across its intelligent hardware products for cryogenic equipment, including capacitance level gauges, differential pressure gauges, valves and intelligent level gauges. In addition, cutting edge products such as Coriolis mass flowmeters were successfully developed and put into production, breaking the international monopoly and securing batch orders. At the same time, the Group provided in-depth services for frontier sectors such as commercial aerospace, semiconductors, AI computing power and off-grid distributed power generation by leveraging its smart key equipment manufacturing capabilities. In the commercial aerospace field, the Group continued to consolidate its supply advantage in specialised industrial gas equipment for ground launch sites, with products encompassing cryogenic equipment including liquid hydrogen tanks, liquid oxygen tanks and liquid nitrogen tanks, as well as high pressure nitrogen and helium cylinder sets and high pressure air compressors. Previously, the Group supplied the Hainan Commercial Space Launch Base with batches of core devices including ground fuel bunkering tanks and gas storage tanks, contributing to the successful launch of the Long March 10B reusable rocket. The carbon fiber winding high-pressure cylinders on the rocket have passed customer testing, and are expected to be applied in the fuel-boosting stages of rocket launches. In the first half of 2026, new orders for commercial aerospace related business amounted to RMB175 million, representing a year-on-year increase of over 1.5 times. In the semiconductor field, the Group delivered high purity carbon dioxide, helium, nitrogen trifluoride and other clean gas Y cylinders for electronic specialty gas, as well as electronic specialty gas tube bundle container products, to leading industry customers, in order to meet the strong demand for electronic specialty gas driven by the AI computing power boom and the domestic substitution of chips. – 30 –
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In the field of off-grid distributed power generation, the Group achieved continued breakthroughs in oilfield, industrial waste gas power generation and overseas markets in the first half of 2026. During the period, the daily power generation capacity of the “gas distributed power generation system” supplied to CNPC Daqing Drilling Plant officially exceeded 100,000 kWh. The Group successfully won the bidding for the fracturing power generation service project of Sinopec Xinan Oilfield Service Corporation and the fracturing power generation service project of CNPC Xibu Drilling (Гઞ) in the Daqing region. The AM1200 product has successfully entered the “gas for oil” market for drilling and has been providing natural gas power generation services for drilling operations of CNPC Xibu Drilling in Karamay, Xinjiang and Sinopec Northwest Bureau in Inner Mongolia. The Group has successfully developed the new “CIMC-HEG16V” hydrogen rich power generation module, which can meet the hydrogen rich tail gas power generation needs of industries such as carbon carbon composite materials, coal, steel and coking, and has secured multiple commercial orders. In addition, LNG powered base station integrated power generators have been successfully dispatched to the communication customer in Nigeria. Going forward, the Group will further explore off-grid power generation applications in overseas mining and data center scenarios. In the core processes field, the Group continued to deepen its expertise in the process and EPC for the production of clean energy from coke oven gas. During the period, it successfully constructed and delivered another benchmark project – the Guizhou Liupanshui steel-coke integration project. The project has a total investment of approximately RMB808 million, an area of about 248 mu (equivalent to approximately 172,000 square meters), and a construction period of just 10 months. Throughout the entire process across production, liquefaction, storage and transportation, distribution and terminal application, the project utilised CIMC Enric’s self- developed LNG storage tanks, cryogenic liquefaction and hydrogen compression equipment, whole plant DCS, and digital intelligent systems, etc. In the green methanol turnkey projects field, the Group signed two feasibility study contracts for external customer projects during the period, continued to follow up on more than ten green methanol process packages and turnkey project requirements, and actively pursued the signing of third-party projects. In the foreign operations field, during the reporting period, the Group further deepened its presence in markets such as Africa, Southeast Asia and the Americas, with both overseas revenue and new orders from onshore clean energy achieving double-digit year-on-year growth. During the period, large cryogenic storage tanks, commercial aerospace high-pressure storage tanks, off-grid distributed power generation equipment, and LNG liquefaction plants, etc., were all delivered overseas. During the year, the Group secured a South American LNG integrated application demonstration project providing the customer with a comprehensive solution covering LNG tank containers, LNG tank container carriers, marine LNG tank supply systems and onshore LNG regasification stations. Leveraging its integrated full-industry-chain solution capabilities, the Group established a “virtual pipeline” connecting offshore natural gas resources with onshore gas networks, supporting the energy transition in South America. – 31 –
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Integrated Services Since 2022, the Group has embarked on a strategic transformation towards a technology-driven integrated service provider. Building on its accumulated strengths in the clean energy key equipment and core processes field, the Group has expanded its operations upstream into the resource end of the industry chain. After more than three years of continuous deep cultivation, the integrated steel-coke (comprehensive utilisation of coke oven gas) projects have progressed from the successful commissioning of the first Anji project to the subsequent implementation of the Linggang Steel project and the Liupanshui project, achieving scalable replication from “1 to N”. The green methanol business has also progressed from the commercial operation of the Zhanjiang project to a new phase of production capacity expansion. The two abovementioned major strategic fields have become important new growth drivers for the Group’s clean energy segment. In terms of the high-value comprehensive utilisation of coke oven gas, the Group’s third project, the Guizhou Liupanshui Integrated Steel-Coke Project, officially commenced production at the end of June 2026. Upon reaching full capacity, it will achieve an annual production capacity of approximately 147,000 tonnes of LNG and 24 million Nm 3 of high-purity hydrogen. The high- purity hydrogen produced by this project meets fuel-cell-grade purity requirements, thereby providing a stable and low-cost hydrogen source to nearby enterprises engaged in precious metal processing and semiconductor manufacturing while also effectively supporting the construction of the Liupanshui hydrogen energy demonstration city in Guizhou. The Group’s three operational integrated steel-coke projects already have an annual production capacity of 48 million Nm 3 of high-purity hydrogen, 420,000 tonnes of LNG and 80,000 tonnes of blue ammonia. The commissioned projects have also demonstrated strong profitability. In the first half of 2026, driven by the combined effect of increased production capacity and relatively high LNG prices amid geopolitical influences, the Group’s integrated steel-coke projects saw a significant year- on-year increase in profitability of more than twofold. During the reporting period, the Group successfully secured contracts for two new projects. One of them is the Indonesia Tsingshan project (ʆධͦ), undertaken in collaboration with Tsingshan Group (ʆණྠ) and Nanjing Iron & Steel Co., Ltd. (΅), which marks the Group’s first overseas integrated steel-coke project; the other is a new domestic project with which the Group has reached a cooperation agreement with Pangang Group (ᖂ፻ණྠ). Currently, the abovementioned projects have entered the pre-construction preparatory stage. The Group’s strategic footprint for integrated steel-coke projects now spans Liaoning Province, Guizhou Province and Sichuan Province in China, as well as overseas markets in Southeast Asia, and will continue to facilitate the “end-to-end” comprehensive utilisation of clean energy in the surrounding regions. – 32 –
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In the green methanol business field, the industry in the first half of 2026 was bolstered by multiple policy tailwinds, ushering in a phase of accelerated development. The “15th Five-Year Plan for the Construction of New Energy Systems” (ண“ ɤʞʞ” ྌ) calls for advancing the development of integrated “wind-solar + biomass” projects, deploying non-grain biofuel, biodiesel, sustainable aviation fuel, green ammonia, green methanol and other green fuel production capacities in line with local conditions, and rationally laying out green hydrogen-ammonia-methanol production bases and infrastructure. The “Implementation Measures for the Minimum Weighting Target of Renewable Energy Consumption and the Weighted System for Renewable Energy Power Consumption Obligations” (ͦᅺձ ) will officially take effect on 1 August 2026, marking the first time that non-electric consumption of renewable energy has been systematically incorporated into the minimum weighting assessment, thereby providing an institutional gateway for the integration of green hydrogen, ammonia and methanol into the new energy consumption system. The Group’s Phase I green methanol project in Zhanjiang (with an annual production capacity of 50,000 tonnes) commenced production at the end of 2025. The project employs a full-process technology comprising “biomass gasification + syngas purification + methanol synthesis”, utilising surrounding agricultural, forestry, and urban waste biomass as feedstock to establish a combined supply structure comprising “six categories of biomass”. As of the end of June 2026, the Phase I project has completed its production capacity ramp-up, achieving stable operation at 80% capacity, with product purity reaching 99.9% and a full life-cycle greenhouse gas emission reduction rate exceeding 85%. The project has obtained the ISCC EU full-chain international certification and passed C14 quantitative testing to verify the traceability integrity of its bio- based carbon sources. On 16 June 2026, Zhong Zhihua (ᒤқശ), Vice President of the Chinese Academy of Engineering, led a research team on an on-site inspection and highly commended the stability of the project’s integrated technologies and the effectiveness of its engineering applications. In addition, the Group has achieved multiple milestones in its bunkering business in collaboration with upstream and downstream customers in the industry chain. In January 2026, the Group supported the international voyage container vessel “COSCO Shipping Carnation” (ʕჃऎ༶ ੰɗᙚ) in completing 200 tonnes of green methanol bunkering at Yantian Port in Shenzhen. This marked the first bunkering operation for China’s first domestically built new methanol bunkering vessel and signified that the Shenzhen Port has officially established the capability to provide green methanol bunkering services. In March 2026, the Group, in collaboration with China Merchants Shipping (ਠቃ୵) and Sinopec (Hong Kong) (ʕͩʷ(ಥ)), supported the world’s first methanol-dual-fuel-powered roll-on roll-off vessel “Gang Rong” (ಥ) in completing approximately 500 tonnes of green methanol bunkering in Hong Kong, facilitating the first commercial bunkering operation in Hong Kong. The Group has also proactively engaged with bunkering demands in Hainan, Southeast Asia and other major global shipping hubs, expanding the application of green methanol across diverse scenarios such as marine fuel and industrial feedstock, and has achieved sales breakthroughs in fields including biopharmaceuticals and chemicals. The Phase II project in Zhanjiang with an annual production capacity of 200,000 tonnes was successfully registered during the reporting period, laying a solid foundation for the subsequent release of production capacity. – 33 –
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Hydrogen Energy Business The Outline of the 15th Five-Year Plan for National Economic and Social Development of the People’s Republic of China, promulgated in March 2026, explicitly identifies hydrogen energy as one of the strategic future industries earmarked for forward-looking development. It calls for the cultivation of hydrogen energy as a new engine of economic growth and sets out initiatives to advance the development of green hydrogen, ammonia and methanol. Meanwhile, the Ministry of Industry and Information Technology, the Ministry of Finance and the National Development and Reform Commission jointly issued the Notice on Launching Pilot Programmes for the Comprehensive Application of Hydrogen Energy, introducing the “1+N+X” policy framework in city clusters for pilot comprehensive application of hydrogen energy to promote the integrated development of the entire hydrogen value chain spanning “production, storage, transportation and utilisation”. However, as the list of cities selected for the latest round of pilot comprehensive application of hydrogen energy has yet to be announced, market sentiment has remained cautious. According to a research report published by the China Automotive Technology and Research Centre (CATARC), an authoritative industry institution, domestic sales of fuel cell vehicles totalled 910 units in the first half of 2026, representing a year-on-year decrease of 53.7%, reflecting slower-than-expected market development. As the application process for the city clusters is now nearing completion, the implementation of the pilot policies in the second half of 2026 is expected to accelerate the development of the hydrogen energy industry. CIMC Enric is a leading provider of hydrogen storage and transportation equipment and engineering services in China. Since 2006, the Group has commenced the hydrogen energy business with products covering various areas such as “production, storage, transportation, refuelling and application”. As an international leading supplier of hydrogen energy equipment and solutions, the Group continued to expand its layout and development in the hydrogen energy industry in 2026, and made continuous improvement to its capability of integrated solutions. During the reporting period, the Group continued to achieve significant breakthroughs in the upstream hydrogen production sector, particularly in balance of plant (BOP) systems for water electrolysis hydrogen production. The Group successfully completed the research, development and manufacture of a 4,000 Nm³/h hydrogen separation skid and an 8,000 Nm³/h hydrogen purification skid, both of which were successfully delivered for deployment in a major hydrogen production project in Northeast China. The Group has established a comprehensive product portfolio covering production capacities ranging from 2,000 Nm³/h to 8,000 Nm³/h, making it one of the few equipment manufacturers in China capable of providing a full range of standardised BOP modules. These products are designed to meet the purification requirements of the current mainstream large-scale electrolyser (with a single electrolyser capacity exceeding 1,000 Nm³/h and multiple units operating in parallel), providing supporting solutions for hydrogen production clusters with capacities of 10,000 Nm³/h or above. – 34 –
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In the hydrogen-based storage and transportation sector, the Group completed the delivery of spherical tanks for a number of green hydrogen, ammonia and methanol projects. In May 2026, the Group was awarded the contract for the supply of eight 2,000m³ hydrogen spherical tanks for the Lishu Wind-Solar Green Hydrogen Biomass-Coupled Green Methanol Project. The commercialisation of the Group’s 30MPa hydrogen multiple-element gas containers (MEGC) continued to gain momentum, with shipment volume increasing by 17% year-on-year during the reporting period, achieving large-scale commercial deployment across the Beijing-Tianjin- Hebei Region, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area. The Group further deepened its strategic partnerships with a number of leading domestic ammonia supply chain enterprises, driving a substantial year-on-year increase in orders for anhydrous ammonia semi-trailers. Two self-developed large-scale skid-mounted hydrogen pipeline compressors were delivered for China’s first long-distance green hydrogen transmission pipeline. These landmark projects fully demonstrate the market’s strong recognition of CIMC Enric’s equipment and technologies for storage and transportation of hydrogen, ammonia and methanol. In terms of Type IV cylinder, CIMC Hexagon, a subsidiary of the Group, successfully rolled out China’s first 20-foot Type IV hydrogen MEGC. The product not only delivers exceptional lightweight performance, but also significantly enhances pressure-bearing capability and structural stability, with a working pressure of 38MPa. The 40-foot model is capable of carrying more than one tonne of hydrogen. In strict compliance with international core standards, the product is readily adaptable to multimodal transportation, including road, rail, inland waterway and maritime transport, meeting the demand for medium- to long-distance, large-scale commercial hydrogen transportation. In terms of hydrogen refuelling stations, the Group secured and completed the delivery of a number of flagship hydrogen refuelling station projects across Jilin, Gansu, Guizhou and Hainan during the reporting period. These projects support a broad range of application scenarios, including rail transit, urban public transportation and heavy-duty logistics. The product portfolio includes skid-mounted hydrogen refuelling stations, integrated oil-gas-hydrogen-electric energy stations, integrated methanol-to-hydrogen refuelling stations and hydrogen mother filling stations, and other types. In terms of hydrogen applications and integrated services, the Group, together with The Hong Kong and China Gas, successfully completed and commenced operation of Hong Kong’s first commercial hydrogen-powered charging station serving commercial buildings. The station is equipped with the Group’s self-developed modular hydrogen storage system integrated with the hydrogen power generation skid, featuring a rated output of 25kW. It provides zero-carbon electricity for charging and emergency backup power supply for buildings, with an estimated annual carbon emissions reduction of approximately 40 tonnes. The project offers a standardised replicable solution for high-density urban areas, ports and outlying islands. Meanwhile, the Group’s joint venture hydrogen refuelling station in Shijiazhuang, Hebei Province, commenced operation successfully, providing regular hydrogen refuelling services for the city’s hydrogen- powered public bus fleet. – 35 –
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Offshore Clean Energy Business According to the data from DNV’s Alternative Fuels Insight (AFI) platform, despite the overall slowdown in the global new-build ship market, there were a total of 137 orders for alternative- fuel ships from January to June 2026, slightly lower than the 151 orders in the same period of last year. However, LNG remains the preferred alternative fuel for shipping, with a market share of over 50%, especially for large dual-fuel container vessels and pure car and truck carriers. Demand for LNG bunkering vessels remains strong as the number of LNG-powered vessels in operation increases. According to the data from Kpler, a vessel data analysis agency, the global monthly average LNG refuelling volume from January to May 2026 was approximately 770,000 m 3, representing a year-on-year increase of 13%. According to the data from DNV, there were seven new orders for LNG bunkering vessels globally in the first half of 2026, and 47 orders for LNG bunkering vessels globally were in hand at the end of June. During the reporting period, the Group further solidified its leading market share in the global LNG bunkering vessel market by signing three newbuilding orders for LNG bunkering vessels, including two 20,000m 3 LNG bunkering vessels with GSX Energy and 1+1 20,000 m 3 LNG bunkering vessel with a joint venture between CMA CGM and Greek shipowner Capital Group. In July 2026, the Group secured a new order for one 12,000m 3 LNG bunkering vessel from Sinopec. During the period under review, the Group secured a total of 8 new shipbuilding orders. With the growing demand for LNG-powered vessels, the demand for LNG marine fuel tanks and fuel gas supply systems in the global shipping market continues to increase. In the first half of 2026, the value of newly signed orders for offshore clean energy business by the Group reached RMB4,535 million, representing a significant year-on-year increase of 40.1%. As of the end of June 2026, the backlog orders amounted to RMB19,848 million, representing a year-on- year increase of 17.0%, of which shipbuilding orders has been scheduled until 2029. During the period, the Group delivered the first set of core liquid cargo system for multi-purpose liquefied gas vessels in China, which reduced the manufacturing cost by 30%-40%, broke the foreign technology monopoly and realised the domestic substitution of completely independent intellectual property rights. The Group is also committed to the green upgrading of inland waterway shipping, providing integrated solutions such as LNG/methanol power packages for inland-waterway vessels, LNG shore refuelling, LNG tank swap refuelling and security systems, as well as smart systems, connecting the entire chain of “power equipment, fuel storage and transportation, and safety control”. In the first half of 2026, the Group continued to secure new orders for complete sets of LNG and methanol power packages, leading the market for clean renovation of inland waterway vessels in China, and contributing to the green upgrading of the trunk streams of Yangtze River, Xijiang River Basin, Poyang Lake, Beijing-Hangzhou Grand Canal and other water systems. In addition, the “LNG tank swap” refuelling mode has also been implemented on a large scale, and has been successfully applied in Anhui, Jiangxi, Guangdong and other places, realising 30-minute quick tank swap and replenishment, thus effectively solving the problem of LNG refuelling for inland waterway vessels. – 36 –
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Prospects Onshore Clean Energy Business According to the Gas Market Report (Q3-2026) published by the International Energy Agency (IEA), the easing of the global gas market that had been underway since the second half of 2025 was significantly disrupted by the escalation of conflict in the Middle East at the end of February and the resulting constraints on navigation through the Strait of Hormuz, which handles approximately 20% of global LNG supply. Consequently, the IEA revised down its forecast for global natural gas demand in 2026 and expects global LNG trade volumes to remain broadly flat year-on-year. On the supply side, LNG production in Qatar and the United Arab Emirates declined by nearly 80% year-on-year during the period from March to June, with full-year supply forecast to decrease by approximately 45%. The resulting supply gap is expected to be largely offset by new production capacity coming onstream in North America, Africa and Australia. While the release of supply has been delayed in the short term, the long-term trajectory of expanding global LNG production and adoption remains firmly intact. In the domestic market, the IEA forecasts China’s natural gas consumption to reach approximately 440 billion m³ in 2026, broadly unchanged from 2025. Meanwhile, the 2025 Report on the Development of China’s and Global Oil and Gas Industry published by China National Petroleum Corporation Research Institute of Economics and Technology projects China’s natural gas consumption to reach approximately 450 –455 billion m³ in 2026, representing an increase in growth of 1.1 to 2.2 percentage points over the previous year. By 2030, consumption is expected to reach 550 billion m³, representing an average annual growth rate of approximately 5.0% during the 15th Five-Year Plan period. In general, against the dual imperatives of safeguarding energy security and advancing the low-carbon transition, natural gas is expected to continue serving as a strategic energy source during the 15th Five-Year Plan period, fulfilling multiple roles as a reliable cornerstone, a flexible balancing resource and a critical energy bridge. Gas-fired power generation serves as a flexible power source within China’s new power system, the conversion of inland waterway vessels from oil to gas is accelerating, and the integration of the natural gas and hydrogen industries continues to broaden. As a result, the strategic role of natural gas in China’s emerging energy system is entering a phase in which its key role is being fully unleashed. As the only integrated service provider in China with a comprehensive presence across the entire natural gas value chain, the Group’s key equipment and core processes are expected to continue benefiting from the steady medium- to long-term growth in LNG demand. – 37 –
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As China’s commercial space industry continues to expand and the localisation of semiconductor manufacturing accelerates, the Group’s high-end specialty gas equipment is expected to capture increasing demand from emerging industries. According to the 2026 Outlook for China’s Commercial Space Industry published by the CCID Think Tank, the value of China’s commercial space industry is expected to reach approximately RMB3.5 trillion in 2026, representing a year- on-year growth of approximately 25%. Intensive development of reusable launch vehicles and the accelerated deployment of mega-constellations such as Xingwang and Qianfan are expected to drive a significant increase in launch frequency, creating growing demand for ground-based storage and transportation equipment, including liquid oxygen, liquid nitrogen, methane storage tanks, high-pressure helium cylinders and gas supply systems at launch facilities. Continued technological breakthroughs in onboard rocket equipment are expected to create additional growth opportunities for the Group. The accelerated localisation of electronic specialty gases and semiconductor materials is likewise driving robust demand for related equipment. According to estimates by JW Insights and the Huaon Industrial Research Institute, China’s electronic specialty gas market reached approximately RMB27.9 billion in 2025 and is expected to expand to approximately RMB50.0 –55.0 billion by 2030. Demand is further supported by the advancement of leading-edge semiconductor processes, the ramp-up in production of third-generation semiconductor materials such as silicon carbide (SiC)/gallium nitride (GaN), and increasing consumption of nitrogen trifluoride and silane by the display panel and photovoltaic industries, all of which are expected to support continued growth in demand for electronic specialty gases and associated high-pressure storage, transportation and gas supply equipment. In the helium market, geopolitical tensions in the Middle East have constrained supply, accelerating the localisation of high-purity helium (5N/6N) purification and storage and transportation technologies. This trend is expected to create import substitution opportunities for high-pressure gaseous storage and transportation systems, recycling and deep cryogenic liquid helium equipment. – 38 –
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In 2026, the hydrogen energy industry formally transitioned from strategic reserve to an economic pillar, as the policy framework of the 15th Five-Year Plan was fully implemented. The 2026 Government Work Report positioned hydrogen energy as a “new growth point” for the first time and established the National Low-Carbon Transformation Fund to provide focused support for its development. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) officially issued the 15th Five-Year Plan for the Construction of a New Energy System, incorporating hydrogen energy and green fuels into the non-fossil energy supply system for the first time and setting a target of achieving 2 million tonnes of hydrogen production from renewable energy by 2030. In March 2026, the Ministry of Industry and Information Technology, the Ministry of Finance and the NDRC jointly issued the Notice on Launching Pilot Projects for Comprehensive Hydrogen Energy Applications, which expanded the pilot scope from single fuel cell vehicle (FCV) demonstrations to two types of demonstration city clusters, namely transport and industry: one centred on FCV application scenarios, and the other focused on large-scale industrial application scenarios. The supported areas were upgraded to “1 general FCV scenario + N industrial application scenarios + X innovative application scenarios”, covering six major application tracks: FCV, green ammonia and methanol, hydrogen-based chemical feedstock substitution, hydrogen-based metallurgy, hydrogen blending for combustion and cutting-edge innovative applications. The central government adopted a “replacing subsidies with awards” model combined with advance appropriations, awarding each of the five selected demonstration city clusters a maximum of no more than RMB1.6 billion in incentive funds. The policy set clear targets: by 2030, each demonstration city cluster shall achieve large-scale hydrogen applications across multiple fields, with the average price of end-use hydrogen reduced to below RMB25 per kilogram, and in regions with resource advantages the price is targeted to be brought down to around RMB15 per kilogram; the total number of fuel cell vehicles in operation nationwide shall double compared with the 2025 level, striving to reach 100,000 units. The State Council’s 15th Five-Year Action Plan for Carbon Peaking mentioned hydrogen energy and green hydrogen, ammonia and methanol six times, signifying that the policy rationale for hydrogen has shifted from “technology demonstration” to a “carbon emission imperative”. The China Hydrogen Alliance anticipates that, during the 15th Five-Year Plan period, the large- scale application of hydrogen-based energy across all scenarios in the three major sectors of transport, industry and power generation will accelerate significantly. The Group has completed its deployment across the entire “production, storage, transportation, refuelling and utilisation” value chain for hydrogen, ammonia and methanol, and has achieved core breakthroughs in high- pressure gaseous storage and transportation, cryogenic liquid hydrogen equipment, large-scale hydrogen energy storage and hydrogen-electric equipment. It will fully capitalise on the historic opportunity presented by the accelerating industrialisation of hydrogen energy. – 39 –
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Offshore Clean Energy Business In 2026, the global shipping industry entered a critical phase in its decarbonisation journey. The 84th session of the Marine Environment Protection Committee of International Maritime Organization (“IMO”), held from 27 April to 1 May 2026, brought together nearly 100 delegations to negotiate the IMO Net-Zero Framework. Significant differences remained among participants regarding greenhouse gas pricing mechanisms and emissions reduction measures. The meeting therefore agreed to convene two intersessional working group meetings in the autumn of 2026 to continue negotiations, resulting in the postponement of the IMO Net-Zero Framework, originally scheduled for adoption in October 2025, to be considered until the second half of 2026. Notwithstanding the delay, the direction towards net-zero emissions in the global shipping industry remains unchanged. The targets of reducing greenhouse gas emissions by at least 20% by 2030 compared with 2008 and achieving carbon neutrality around 2050 have been endorsed by 176 IMO Member States. Academic studies further estimate that, once implemented, the IMO Net-Zero Framework could generate annual revenue of approximately USD10.0 –15.0 billion to support the research and development of alternative marine fuels and facilitate an equitable transition across the shipping industry. The introduction of such a carbon pricing mechanism is expected to fundamentally reshape the economics of marine fuels, progressively making the “compliance premium” of alternative fuels such as LNG, green methanol and ammonia increasingly visible. As a global leader in the niche market of the small and medium-sized liquefied gas vessels with full-spectrum liquefied gas vessel building capabilities and diversified, customised fuel tank and gas supply system solutions, the Group is well-positioned to capitalize on the shipping industry’s upcycle and the global energy transition, addressing the urgent market demand for green vessels. Backed by a solid order pipeline and the cyclical tailwinds of global shipping market, the Group’s offshore clean energy business is expected to maintain strong growth momentum. Future Plans and Strategies In the future, the Group will continue to maintain its leading edge in key equipment and core processes while deepening its business layout in the upstream resource end and the terminal- application end of clean energy. Transitioning from a provider of “key equipment + core processes” services in the clean energy sector to a “integrated services provider”, the Group will construct a value-driven industrial ecosystem that synergises “key equipment + core processes + integrated services” and intelligence, and leverage its expertise in the smart equipment manufacturing, process design and integrated solutions for natural gas and renewable energy sources (such as hydrogen, green methanol and green ammonia), so as to help our customers across various niches of the industry chain to smoothly achieve low-carbon transformation. Through continuous technological research and development and innovation, we aim to promote the large-scale application of clean energy in a faster, more efficient and safer way. – 40 –
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In terms of key equipment, the Group will bolster its research and development capabilities to maintain its leading position in the markets for LNG, high-pressure gaseous hydrogen, liquid hydrogen, liquid ammonia and methanol storage and transportation sectors. The Group will also proactively explore emerging business areas such as off-grid distributed power generation and energy storage, as well as commercial aerospace and semiconductors, thereby further enhancing its product matrix and integrated service capabilities. For application, the Group will continue to contribute to the green upgrading of the transportation sector by supporting the application of LNG heavy-duty trucks and hydrogen fuel cell vehicles, while accelerating the development of distributed energy integrated services and expanding into diverse application scenarios, including power generation from oilfield and industrial tail gas, off-grid power supply for mines and data centres, and combined cooling, heating and power for industrial parks and buildings – effectively helping customers in industries such as manufacturing, construction and agriculture to achieve carbon reduction and energy saving, and contributing to the acceleration of the decarbonisation process of the entire society. On the core processes front, the Group will strengthen its process design and technical capabilities in areas such as hydrogen, ammonia and methanol production from coke oven gas and green methanol, and accelerate the expansion of new projects. In terms of integrated services, the Group will continue to advance the replication and implementation of strategic projects for clean alternative fuel, including hydrogen and LNG co-production from coke oven gas and green methanol from biomass. As projects in production achieve stable operations, and those under construction and in planning progress in an orderly manner, the scaled implementation of these projects will cultivate new sustainable performance growth drivers for the Group. In terms of intelligent interconnection, the Group will also drive the development and platform construction of smart energy equipment, creating “one network on land” and “one network on water” and connecting clean energy equipment to achieve digital and intelligent management, and fostering new energy internet business models. The Group will further expand into overseas markets and enhance its overseas sales network and business matrix in key regions such as Asia-Pacific, Africa, Europe and America, thereby fully seizing the development opportunities in the global energy transition, facilitating the global energy transition through its integrated full-industry-chain solutions capabilities, and driving the sustained growth of its overseas business. Research and Development In the first half of 2026, the clean energy segment further advanced new product research and development and made several achievements in this aspect. The key product innovations and breakthroughs and progress in integrated solutions are as follows: – 41 –
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Product Innovations • LNG cryogenic transport equipment: In collaboration with Sinopec Fuel Oil Sales CO., LTD, the Group jointly launched the “Tu Wang” series LNG cryogenic vehicle, which features the industry’s first built-in shut-off valve, addressing an industry pain point. At the same time, key components such as the running gear and high-mounted brake light were fully upgraded to enable precise adaptation to diverse operating scenarios, building a solid line of defence for the safe transportation of LNG. • Semiconductor gas storage and transport equipment: In accordance with the stringent standards of the semiconductor industry, the Group delivered the first batch of customised cryogenic storage tanks and clean cylinders for electronic speciality gases, setting a new benchmark for high-end precision equipment manufacturing. • Water electrolysis BOP auxiliary equipment: A complete 2,000 to 8,000Nm³ BOP product matrix was established, with the 8,000Nm ³ purification skid being the largest engineering application equipment of its kind in China. This positions the Group as one of the few equipment manufacturers in the industry capable of providing a full series of standardised BOP modules. • Marine liquid ammonia fuel tank: The first 350m³ liquid ammonia fuel tank was successfully delivered, laying a solid foundation for the future market expansion of liquid ammonia fuel tanks and high-end offshore engineering supporting products of the Company. • Platform supply vessel (PSV): The design, development and construction of the first PSV were completed, and the vessel, upon testing, was verified to meet the core requirements for offshore engineering material transportation. The first vessel has been certified by a classification society and delivered, successfully extending the Group’s product line into the offshore support vessel segment and advancing the key strategy of business diversification and technology upgrading. • Liquid cargo systems for multi-purpose liquefied gas vessels: The Group delivered the first set of core liquid cargo system for a multi-purpose liquefied gas vessel in China, achieving a 30% to 40% reduction in manufacturing costs, breaking through foreign technological monopoly, and realising a fully homegrown replacement with independent intellectual property rights. • Large-scale hydrogen pipeline compressor: Two large-scale skid-mounted hydrogen pipeline compressors independently developed by the Group were delivered for China’s first long-distance green hydrogen pipeline, breaking the reliance on imports and providing core power equipment for the “West-to-East Hydrogen Delivery” project. – 42 –
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• Type IV cylinder hydrogen multiple element gas container (MEGC): The first 20-foot Type IV cylinder hydrogen MEGC in China successfully rolled off the production line. While achieving extreme lightweight, it significantly enhanced pressure-bearing capacity and structural stability, realising a dual leap in hydrogen storage volume and transportation efficiency compared with traditional transport methods. The equipment has fully met the requirements of relevant international standards across all performance indicators, marking the successful establishment of China’s high-pressure hydrogen storage and transportation equipment as globally competitive technology, setting a key milestone in the internationalisation of the industry. Comprehensive Solution • Hydrogen energy micro-grid system: The Group built a micro-grid system for The Hong Kong and China Gas Company that integrates hydrogen extraction from high-hydrogen gas, fuel cell power generation, combined heat and power (CHP), energy storage and charging. The system overcame industry challenges such as low calorific value and significant compositional fluctuations of high-hydrogen tail gas, achieving stable operation with hydrogen concentration over 60% and reliable power generation under multi-fuel conditions. The implementation of the project will support Hong Kong’s hydrogen commercialisation demonstration and carbon neutrality goals. • SL Series Integrated Energy Station: The SL1500 series product overcame common industry challenges such as low calorific value and compositional fluctuations of high- hydrogen tail gas, establishing a demonstration benchmark for power generation from process waste gas in the C/C composite materials industry. It has evolved into a replicable commercial solution and is being actively promoted to industries with hydrogen-rich tail gas such as ferroalloy and chemicals, continuously powering low-carbon green energy development. • Offshore clean energy solutions: The LNG mobile tank-swapping gas supply system has been applied to two batches of new energy vessels in Anhui and Jiangxi, enabling fast replenishment within 30 minutes and addressing range anxiety in inland waterway shipping. The solution has also been extended to dangerous chemical carriers, and the first batch of dangerous chemical carriers adopting the “tank-swapping model” in China has completed launching. – 43 –
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Chemical and Environmental The operating entity of the segment is CIMC Safeway Technologies Co., Ltd. (“ CIMC Safeway ”, a subsidiary of the Group whose shares are listed on the ChiNext Market of the Shenzhen Stock Exchange (stock code: 301559. SZ)), which focuses on the design, R&D, production, manufacturing and sales of tank containers. It is a global leading manufacturer and full lifecycle service provider of containerised logistics equipment for liquids and liquefied gases (room temperature). Its main products include a full range of tank containers, covering general liquid ISO tank containers, special chemical tank containers, food-grade tank containers, new energy/semiconductor tank containers, gas tank containers, powder tank containers, pharmaceutical tank containers and environmental protection tank containers, amongst other categories. These products are widely adaptable to diverse storage and transportation needs across industries such as chemicals, food, new energy battery materials, pharmaceutical intermediates and active pharmaceutical ingredients (APIs), and high-purity media for the semiconductor industry. At the same time, the segment provides cleaning, repair, regular inspection, stockpiling and other after-sales services for tank containers, and provides customised information services for tank containers based on the Internet of Things technology. Based on its strong manufacturing capability and comprehensive quality control system, the segment has developed medical equipment components businesses. Business Review Despite fierce competition, the segment has further consolidated its market position by leveraging its various capabilities such as innovation, quality assurance and cost control. Since 2026, recovering and rising demand from end-users in China’s chemical industry has fuelled greater demand for chemical logistics operators in China. At the end of June 2026, China’s Chemical Product Price Index rebounded to 4,511 from 3,930 at the end of 2025, representing an increase of approximately 14.78% (Source: Wind). Statistics released by the National Bureau of Statistics show that the chemical raw materials and chemical products manufacturing industry recorded a cumulative export delivery value of RMB312.39 billion for the six months ended 30 June 2026, representing a year-on-year increase of 16.77%. Furthermore, the continued expansion of global seaborne trade in chemical products and the demand for shipping capacity is expected to provide long-term support for the chemical tank container industry. The shipping consultancy Drewry forecasts that, driven by long-haul trade in inorganic chemicals, global seaborne chemical trade volume is projected to grow by 2.2% in 2026, with the tonne-mile demand rising by 2.5%. As of 30 June 2026, the segment secured new orders totalling RMB1.66 billion in the first half of the year, representing a year-on-year increase of 54.3%. The segment generated a revenue of RMB1.29 billion in the first half of the year, representing a year-on-year growth of 16.0%. – 44 –
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In the first half of 2026, artificial intelligence and the digital economy entered a phase of rapid growth. Construction of computing power infrastructure and digital transformation have continuously driven the expansion of the global semiconductor and chip industry, while mass production of computing power chips has further boosted the overall demand for electronic chemicals, thereby bringing significant growth opportunities to logistics equipment supporting upstream high-end specialty chemicals. According to data released by the General Administration of Customs of China, the cumulative export value of electronic-grade hydrofluoric acid from January to June 2026 stood at approximately USD28.252 million, representing a year-on-year increase of 71.76%. Data from SunSirs indicates that as at 30 June 2026, China’s benchmark price of hydrofluoric acid was approximately RMB15,466.67 per tonne, marking an increase of approximately 18.67% from the beginning of the year. For years, the segment has kept pace with cutting-edge industrial technological trends. Focusing on industrial tracks including semiconductors, new energy and fluorochemicals, it has made sustained efforts to conduct product R&D, identify market demands and launch customised tank container equipment to match such demands. After over a decade of continuous R&D and refinement, the segment has steadily enhanced its capabilities in designing and manufacturing key components for high-end medical imaging equipment. Its product portfolio has progressively expanded, attracting increasing number of high-quality customers. As a result, the segment’s operation capabilities in the high-end medical imaging equipment sector have been enhanced, providing a solid foundation for future development in this field. The segment has boosted the production capacity of medical equipment components by tapping into internal potential. Moving forward, the segment will roll out capacity expansion plans in response to the demands from leading industry clients and in alignment with industrial development trends. In the first half of 2026, the high-end medical magnetic resonance imaging equipment business of the segment closely followed the technological progress and market development of leading enterprises, and developed in step with the industry through continuous innovation and management upgrading, achieving continued growth in performance. In the first half of 2026, the segment’s medical equipment components business generated a revenue of RMB143 million, representing a year-on-year increase of 19.9%. This business accounted for approximately 11.1% of the segment’s total revenue (the corresponding period last year: 10.7%). In addition, leveraging its own R&D and technological strengths, the segment has proactively explored new business opportunities in strategically relevant sectors such as high-end equipment to cultivate new business tracks. At the beginning of 2026, the segment completed the signing of an investment agreement with Startorus Fusion, a Shanghai-based science and innovation enterprise engaged in controllable nuclear fusion. It also successfully supplied products to the aforesaid enterprise in the first half of 2026, supporting the high-quality development of China’s high-end equipment industry. – 45 –
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Prospects Tank container is a kind of safe and efficient chemical logistics equipment. In the long run, the gradual promotion of multimodal transport policy, stricter chemical safety requirements and trans-regional investments in the chemical industry will help improve the penetration rate of tank containers in the chemical logistics area and promote the continuous growth of the chemical logistics industry, thus driving the tank container industry and market to maintain a rising trend in the long run. In recent years, with the rapid development of chemical industry in China, the specialisation of chemicals and containerised transport is actively promoted on a national level, which has laid out a solid foundation for the long-term sustainable development of tank containers in China. In January 2026, the General Administration of Customs launched a pilot programme for the business model of multimodal transport (covering sea-rail and water-water segments) of import and export goods. Enterprises only need to submit one multimodal transport application form via the “single window” for international trade, which drastically streamlines declaration procedures and accelerates customs clearance efficiency, further unblocking logistics channels connecting coastal ports with inland hinterlands. Driven by both robust market demand and supportive policies, China’s medical imaging equipment market is projected to continue its growth trajectory. According to China Insights Consultancy, the market size is expected to approach RMB110 billion by 2030, with an average annual compound growth rate of 7.3%. In May 2026, the General Office of the National Health Commission issued the Circular on Issuing Four Guidelines Including the Guidelines for the Construction and Service of Medical Imaging Centres of County Medical Community (Trial), which sets forth specific requirements regarding the equipment of leading hospitals, such as digital X-ray systems and magnetic resonance imaging systems. Future Plans and Strategies The segment will fully implement the medium and long-term strategy of “lean innovation, intelligent renovation and digital transformation, tank containers linking the world, green development”. Building on its established manufacturing strengths and guided by the principle of “consolidating and extending cornerstone businesses, and achieving key breakthroughs in growth businesses”, the segment will take operational excellence as its lever, strengthen differentiated competitive advantages through sustained innovation, expand into new operations and drive high-quality development across the business to reinforce its industry leading position. – 46 –
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1. Consolidate and extend cornerstone businesses: fortifying the bedrock of principal tank container business to drive steady segment growth The segment remains committed to its strategic direction of “manufacturing + service + intelligence”. Leveraging its scale manufacturing advantages, the segment will continue to raise its levels of digitalisation and intelligence, further consolidating its position as the global leader in tank container manufacturing, keep enhancing its comprehensive, full lifecycle customer service capabilities covering tank container cleaning, refurbishment, maintenance, modification and spare-parts supply. Moreover, the segment will actively expand intelligent equipment business, continue to build software and hardware and service capabilities of “sense, foresight and implementation”, empowering digital intelligence transformation of the chemical logistics and intelligent manufacturing fields with reliable quality and innovative technologies. The segment also remains optimistic about the broad development prospects of the compute-enabled semiconductor chip industry and new energy track. Relying on its core technologies for the storage and transportation of high-purity media, global production bases and full-coverage service networks accumulated over years, the segment will continue to increase investment in the R&D of special tank containers for fluorochemicals and electronic chemicals. It will iteratively optimise its equipment system for anti-corrosion, high-cleanliness and intelligent storage and transportation, serve the entire industrial chains of fluorochemicals, semiconductors and new energy with high-quality products, steadily expand the long-term growth space of its tank container manufacturing segment, and consolidate the foundation for sustainable business development. 2. Focused breakthroughs in growth businesses: concentrating on high-end equipment manufacturing and opening new sectors Currently, the segment enjoys a solid market position and scale advantage in tank container manufacturing. To raise competitiveness further, the segment is striving to expand into new sectors. High-end medical equipment components business has been identified as a key route to a second growth engine. The segment will seize the opportunity created by the rapid development of China’s medical equipment industry. Drawing on its in-depth experience and technological accumulation in the manufacturing of magnetic resonance equipment components and grounded in precision manufacturing, the segment will steadily advance capacity construction in response to customer demands and comprehensively upgrade its automation and digitalisation levels as well as stable delivery capacity. By virtue of diversified approaches including internal incubation, industrial collaboration and external mergers and acquisitions, the segment will drive business expansion into higher-value- added core components link of medical equipment and further integrate into the supply chain systems of premium global customers. Meanwhile, the segment will continue to develop its precision-processing capabilities in non-ferrous metals, remain alert to emerging technology fields and keep upgrading its R&D, processes and manufacturing strengths to enlarge future growth opportunities. – 47 –
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Looking ahead, the segment will continue to focus on high-end equipment manufacturing and drive business expansion featured by “high-end equipment + new materials + new processes + new scenarios”. While consolidating its existing advantageous businesses, the segment will vigorously develop growth businesses and make forward-looking arrangements for future businesses to gradually diversify its revenue streams, cultivate large-scale emerging business segments, and advance the segment’s transformation from a global leading tank container manufacturer to a supplier of core components for high-end equipment and a platform enterprise with advanced manufacturing capabilities. Research and Development The segment is committed to providing customers with comprehensive logistics solutions. Through the collaborative R&D model of industry-university-research cooperation and the cooperation among China, the UK and Europe, the segment conducts a series of developments of special tank container products and the upgrading and iteration of standard products, including new-generation ISO tank containers and China railway sulphuric acid tank containers, among other tank container series. This segment continuously devotes itself to the development and application of new technologies, new processes, and new materials. The segment has completed optimisation and improvement of the post-treatment process for cargo residue cleaning waste liquid of polyurethane products, lifting the efficiency of waste liquid post-treatment by approximately 15%. It has independently developed precision copper welding and surface treatment processing technologies applicable to ion cyclotron wave heating systems. In collaboration with Tianjin University, the segment has conducted R&D on the wide-gap automatic welding process and equipment for gas tank container components, with trial production commenced. The segment has independently developed a number of core patented technologies, primarily including intelligent sensing technology, virtual simulation design and development technology, cold-chain and hot-chain storage and transportation equipment design and manufacturing technology, special medium storage and transportation technology, structural lightweighting design and optimisation technology, mechanical equipment automated manufacturing technology, precision manufacturing technology for high-end medical supporting equipment, precise forming control technology for complex structures, and mechanical testing and characterization technology. As of 30 June 2026, the segment held 292 valid patents, including 126 invention patents, 157 utility model patents, and 9 design patents. During the reporting period, the segment filed 8 invention patents, 7 utility model patents, and 1 design patent. In addition, this segment has successively participated in drafting 10 national/industry standards and has won many national and provincial science and technology awards, including the China Patent Excellence Award, the Second-Class Award for Scientific Progress of the China Federation of Logistics & Purchasing, the Third Class Award for Scientific Progress of Jiangsu Province, the Patent Excellence Award of Jiangsu Province, etc. It also has technical platforms and titles such as the National Postdoctoral Research Workstation, the Jiangsu Engineering Technology Research Center for Special Transport Equipment, the Jiangsu Enterprise Technology Center, the Jiangsu Industrial Design Center, the National Intellectual Property Advantage Enterprise, and the National Intellectual Property Demonstration Enterprise. – 48 –
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In June 2026, the Guideline for Finite Element Analysis of Tank Container Rigidity Test, a group standard T/CCIASD 10021-2026, for which the segment played a leading role in preparation, has been issued. Liquid Food Segment The business entity of this segment is CIMC Liquid Process Technologies Co., Ltd. (“CLPT”), which is listed on the National Equities Exchange and Quotations under stock code 872914. NEEQ. This segment specialises in the “turnkey project” solutions for process design, equipment manufacturing, installation and integration systems for various industries such as beer, distilled spirits, hard seltzer, baijiu, fruit juice, Ready-To-Drink beverages (“RTDs”) and biopharmaceuticals. The segment possesses globally reputable and leading brands Ziemann Holvrieka, Briggs, DME, Künzel and McMillan, with major manufacturing plants in Europe, China and Mexico. Business Review During the first half of 2026, the global beer and spirits industries continued to face persistent market headwinds. Consumption volumes across many mature markets remained under pressure, driven by evolving consumer preferences, increasing health consciousness, and ongoing economic uncertainty. As a result, beer and spirits producers maintained a cautious approach to capital expenditure, prioritizing operational efficiency and sustainability improvements, brownfield upgrades, and capacity optimisation over large-scale greenfield projects. At the same time, demand growth remained strong in adjacent segments such as non-alcoholic beverages, RTDs, bio-fermentation, and pharmaceutical applications. These dynamics are reshaping the liquid processing industry, reinforcing the importance of innovation, digitalisation, sustainability, and service-based offerings, while creating new opportunities for diversified technology providers. Despite the subdued demand in traditional beer and spirits markets and the delayed effects of reduced customer CAPEX, CLPT achieved a 108.4% year-on-year surge in new orders (1H2026: RMB1,442 million, 1H2025: RMB692 million), with multiple new projects being awarded and secured in the second quarter of 2026, including brewery turnkey projects in Japan, a raw material handling solution for a solid state fermentation project and a whiskey distillery project in China, tank and process technology projects for customers in the UK, Turkey, and other regions worldwide. At the same time, the successful commercialization of newly developed technologies, including the segment’s dealcoholisation solution launched in late 2025, underscores the growing customer demand for innovation and diversification into non-alcoholic beverage categories. – 49 –
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More importantly, the segment remained focused on strengthening its market position through portfolio diversification and regional expansion. Particular emphasis was placed on developing opportunities in beverages, RTDs, biopharmaceuticals, solid-state fermentation (soy sauce, vinegar, etc.) and other adjacent growth sectors. At the same time, further progress was made in expanding customer service and support activities, digital solutions, and integrated EPC capabilities, supporting the development of more stable and recurring revenue streams while enhancing customer value. The segment continued to leverage its global manufacturing footprint to improve cost competitiveness, optimise project execution, and support customers across key international markets. Together, these actions reinforce the segment’s ability to navigate the current challenging environment while building a stronger foundation for future growth. Prospects Although near-term market conditions in the global beer and spirits industries are expected to remain challenging, the segment foresees that the longer-term outlook for the liquid processing industry will remain positive. Long-term global beverage alcohol consumption growth will be underpinned by two structural factors: a rebalancing of demand towards emerging economies and an expanding legal-drinking-age population. IWSR (International Wine and Spirits Record, published in June 2026) projects annual servings consumed (2025-2035) to rise sharply in India (+38%), Colombia (+26%), Vietnam (+15%), and Mexico (+13%), collectively representing substantial capacity development opportunities for the segment’s equipment manufacturing and turnkey solutions. Across the industry, customer investment priorities continue to evolve from pure capacity expansion toward sustainability improvements, digitalisation, operational efficiency, energy optimisation, and product diversification. These trends are expected to drive demand for advanced process technologies, integrated engineering solutions, and lifecycle support services, aligning closely with the Group’s core capabilities. At the same time, important structural shifts are reshaping demand. Within spirits, growth is increasingly driven by premium categories and regional dynamics, including strong expansion in domestic markets, particularly in segments such as whisky and gin (IWSR, published in July 2025). In parallel, non-alcoholic beer continues to gain momentum, supported by evolving consumer preferences and rising health awareness, making it one of the fastest-growing categories within the broader beer segment. According to IWSR (published in January 2026), the global volume of the broader non-alcoholic analogues (including non-alcoholic beer, wine, RTDs and spirits) is expected to grow by 36% by volume between 2024 and 2029, reaching over 18 billion servings of non-alcoholic analogues in 2029. The RTD category continues to demonstrate strong momentum, with growth rates significantly exceeding those of conventional spirits segments, supported by convenience-driven consumption patterns and portfolio diversification by leading beverage producers. – 50 –
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Furthermore, the global biopharmaceuticals market represents a structurally attractive growth opportunity, with an expected growth of 5.5% annually through 2030 (KPMG, published in 2026). This growth is driven by increasing investments in biotechnology, advanced therapies, and precision fermentation, and is further supported by rising global demand for healthcare and biologic production. Looking ahead, the segment is well positioned to benefit from these evolving market dynamics. While maintaining its strong position in brewing and distilling, it will continue to accelerate diversification into higher-growth segments including non-alcoholic beverages, RTDs, pharmaceutical and biotechnology applications, and solid-state fermentation. In parallel, additional opportunities are expected to arise from sustainability-driven upgrades, automation, process optimisation, and digital transformation initiatives undertaken by customers worldwide. Supported by its global footprint, integrated EPC capabilities, and growing service and digital portfolio, the segment is well positioned to navigate ongoing market challenges and deliver sustainable long-term growth. Future Plans and Strategies The segment will continue executing its strategy, which is centered on diversification, operational excellence, digital transformation and sustainable growth. A key strategic objective remains reducing dependence on traditional beer-related revenue streams through organic growth and selective acquisitions in higher-growth markets. Operationally, the segment will continue optimising its global manufacturing and engineering footprint to improve competitiveness, flexibility and market responsiveness. Particular focus will be placed on expanding the contribution of domestic-based manufacturing, sourcing, engineering and innovation activities. In the first half of 2026, the share of manufacturing sourced from China has registered a notable rise. Core equipment manufactured at the Nantong Factory has been exported to projects in Japan, Cambodia, Zimbabwe and other locations worldwide. Digitalisation will remain a strategic priority. Additional efforts focus on data-driven operations, artificial intelligence applications, project execution tools and the further commercialization of digital solutions such as Ziemann AnalytiX. At the same time, the customer service and support business will be expanded through enhanced aftermarket services, spare parts, maintenance solutions, consulting and remote support capabilities, creating stronger customer relationships and increasing recurring revenues. Sustainability remains integral to the segment’s long-term strategy. The Group will continue developing energy-efficient, low-carbon and resource-saving technologies, while supporting customers in achieving their own sustainability ambitions through water optimisation, energy recovery, decarbonization and circular-economy solutions. Combined with ongoing restructuring initiatives, operational improvements and targeted growth investments, these actions are expected to further strengthen the segment’s resilience, competitiveness and long-term growth prospects. – 51 –
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Research and Development The segment continues to invest in research and development across key areas of the liquid food industry, with a focus on advancing technologies that support sustainability, efficiency, and product innovation. A notable achievement in the first half of the year was the successful market introduction of ELIXR by Ziemann, a reverse osmosis-based beer dealcoholization system. The technology enables the production of high-quality alcohol-free beverages by preserving the characteristic flavour and aroma compounds that define beer quality. The first commercial installation was delivered and successfully commissioned, with additional projects already underway and a first follow-up order secured. Product development was largely driven by the segment’s R&D activities and builds upon the initial developments resulting from the collaboration between DME and CLPT China. In the baijiu sector, the segment remains deeply involved in the technical upgrading of the industry, with R&D efforts focused on improving grain utilisation and process automation. Development activities continue to advance the automation of this traditional production process and include the design of a range of pilot-scale systems, several of which have already been integrated into industrial production facilities. This work is complemented by the development of grain handling systems, fully automated brewing and distillation lines, as well as intelligent filtration, storage, and blending technologies. The segment’s pilot brewery continues to play a central role in the continuous optimisation of brewing solutions. Through close collaboration with brewers and users, the segment tests and refines innovations under real-world conditions. In addition, the segment maintains an active network of collaborations with universities and technical institutions, contributing to knowledge exchange and innovation across the baijiu, beer, distilled spirits and other sectors. CORPORATE GOVERNANCE The Company complied with all the code provisions of the Corporate Governance Code set out in part 2 of Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”), throughout the six months ended 30 June 2026. The latest corporate governance report of the Company is set out in the Annual Report 2025. Details of each of the audit committee, the remuneration committee, the nomination committee and sustainable committee of the Company are also provided in the same report. The audit committee of the Company has reviewed and discussed with management the unaudited financial report of the Group for the period. – 52 –
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PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES During the six months ended 30 June 2026, the trustee of the Share Award Scheme (2020) purchased 0 shares on the Stock Exchange pursuant to the terms of the trust deed under the Share Award Scheme (2020). During the six months ended 30 June 2026 and up to the date of this announcement, the Company repurchased a total of 3,320,000 ordinary shares (the “Shares Repurchased”) of the Company as treasury shares on the Stock Exchange at an aggregate consideration of HKD29,526,140. Particulars of the Shares Repurchased are as follows: Month of Repurchase No. of Shares Repurchased Price Per Share Aggregate considerationHighest Lowest HKD HKD HKD March 300,000 10.56 10.51 3,158,200 April 150,000 10.50 10.44 1,569,900 May 840,000 9.96 9.73 8,287,780 June 1,730,000 8.90 7.75 14,391,460 July 300,000 7.10 7.05 2,118,800 Save as disclosed above, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any listed securities (including sale of treasury shares (as defined under the Rules Governing the Listing of Securities on the Stock Exchange)) of the Company during the six months ended 30 June 2026. The Company held 3,260,000 treasury shares as at 30 June 2026. DIRECTORS As at the date of this announcement, the Board consists of Mr. Gao Xiang (Chairman) as non- executive Director; Mr. Yang Xiaohu (President) as executive Director; Mr. Zeng Han, Mr. Wang Xiaoyan and Mr. Wang Yu as non-executive Directors; and Mr. Tsui Kei Pang, Mr. Yang Lei, Ms. Wong Lai, Sarah and Ms. Qiu Hong as independent non-executive Directors. By order of the Board CIMC Enric Holdings Limited Gao Xiang Chairman Hong Kong, 25 August 2026 The Interim Report 2026 will be dispatched to the shareholders as requested and published on the websites of the Company and the Stock Exchange as soon as possible. – 53 –