Kinetic Development Group Limited — Capital/Financing Update 2024

Jun 13, 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.

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Kinetic Development Group Limited 力 量 發 展 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1277)

POSITIVE PROFIT ALERT

This announcement is published by Kinetic Development Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions 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 ”) would like to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the five months ended 31 May 2024, the unaudited net profit of the Group for the six months ending 30 June 2024 (“ 1H2024 ”) is expected to increase by not less than 80% as compared to the six months ended 30 June 2023 (“ 1H2023 ”), which is mainly attributable to a significant increase in the coal production volume for 1H2024 compared to 1H2023 since in 1H2024, the Group has ceased to be affected by the temporary change in the underground mining conditions which existed in 1H2023, as well as improvement of mining efficiency of the Group.

The information contained in this announcement is only based on a preliminary assessment by the Board based on the information currently available, including the unaudited consolidated management accounts of the Group for the five months ended 31 May 2024. Such information has not been audited by the Company’s auditors, or confirmed or reviewed by the audit committee of the Company. Detailed financial results of the Group for 1H2024 will be disclosed in the Group’s interim results announcement, which is expected to be published on or before the end of August 2024.

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

By order of the Board of Kinetic Development Group Limited Ju Wenzhong Chairman and Executive Director

Hong Kong, 13 June 2024

As at the date of this announcement, the Board comprises seven directors, of whom three are executive Directors, namely Mr. Ju Wenzhong (Chairman), Mr. Li Bo (Chief Executive Officer) and Mr. Ji Kunpeng; one is a non-executive Director, namely Ms. Zhang Lin, and three are independent non-executive Directors, namely Ms. Liu Peilian, Mr. Chen Liangnuan and Ms. Xue Hui.

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