CMON Limited — Earnings Release 2024

Aug 16, 2024

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.

瀋陽公用發展股份有限公司 Shenyang Public Utility Holdings Company Limited

(a joint stock limited company incorporated in the People’s Republic of China)

(Stock code: 747)

POSITIVE PROFIT ALERT

This announcement is made by Shenyang Public Utility Holdings Company Limited (the ‘‘Company’’, together with its subsidiaries, collectively referred to as the ‘‘Group’’) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the ‘‘Board’’) wishes to inform the shareholders of the Company (the ‘‘Shareholders’’) and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2024 (the ‘‘Period’’) and the information currently available to the Company, the Group expects to record a net profit ranging from approximately RMB1.7 million to approximately RMB2.0 million for the Period as compared to a net loss of approximately RMB4.6 million recorded in the corresponding period in 2023 (the ‘‘Previous Period’’).

The Board considers that the expected turnaround of financial results from a net loss for the Previous Period to a net profit for the Period was mainly attributable to, among other factors, (i) an increase in revenue; and (ii) an increase in other income due to gain on disposal of assets classified as held for sale.

At as the date of this announcement, the Company is still in the process of finalising its unaudited consolidated financial results of the Group for the Period, the information contained in this announcement is only based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the Period and the information currently available to the Company, which have not been reviewed by the independent auditor or the audit committee of the Company. As such the actual results for the Period is subject to further adjustments, Shareholders and potential investors must exercise caution when using the information contained in this announcement to evaluate the financial performance of the Group.

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Shareholders and potential investors are advised to read carefully the interim results announcement of the Company for the Period which is expected to be published in August 2024 and the subsequent publication of the 2024 interim report of the Company in accordance with the requirements of the Listing Rules.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board Shenyang Public Utility Holdings Company Limited Zhang Jing Ming Chairman

Shenyang, the PRC, 16 August 2024

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Jing Ming, Mr. Huang Chunfeng and Mr. Leng Xiao Rong; the non-executive director of the Company is Mr. Chau Ting Yan; and the independent non-executive directors of the Company are Mr. Luo Zhuo Qiang, Ms. Jiang Hai Ling and Mr. Mao Hai Bin.

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