Newton Resources Ltd — Earnings Release 2025

Mar 12, 2026

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.

新礦資源有限公司

NEWTON RESOURCES LTD

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1231)

PROFIT WARNING

This announcement is made by Newton Resources Ltd (the "Company", and together with its subsidiaries, collectively 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 (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the Company's announcement dated 19 November 2025 (the "Nov Announcement") concerning (among other matters) a profit warning. Terms defined in the Nov Announcement shall, unless the context requires otherwise, have the same meanings when used in this announcement.

As indicated in the Nov Announcement, mining activities of the Koolan are currently suspended. Management of the Group has discussed with relevant parties on potential remediation and remediation options following the Incident. After considering these circumstances, the Board wishes to inform the Shareholders and potential investors that the estimated amount of impairment loss on the Contract (the "Impairment Loss") to be recognised in the Group's annual results for the year ended 31 December 2025 (the "FY 2025") is expected to be approximately US$4.1 million.

All things considered, the Group is expected to record a net loss of approximately US$7.2 million for FY 2025, as compared to the net loss of approximately US$0.3 million recorded for the Corresponding Prior Year.

The decline in the Group's annual results for FY 2025 is primarily driven by:

(i) the Impairment Loss of approximately US$4.1 million as mentioned above;

(ii) a reduction in both sales and gross profit of the Group resulting from decreased quantity and comparatively lower quality, along with higher variability of iron ore supplied by Koolan in FY 2025, as compared to the Corresponding Prior Year, particularly in the fourth quarter following the Incident; and

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(iii) a significant drop in unit gross profit for iron ore due to weakened demand for the Group’s iron ores throughout FY 2025.

The above mentioned unaudited estimated amounts of the Impairment Loss and the net loss for FY 2025 are a preliminary assessment by the Board with reference to the latest information available only and not based on any financial figures or information which have been audited or reviewed by the Company’s auditors or the audit committee of the Company. Accordingly, the amounts of the Impairment Loss and the net loss for FY 2025 may be subject to adjustments. The final amounts of the Impairment Loss and the net loss for FY 2025 and other details of the Group’s financial results and performance for FY 2025 will be disclosed in the Company’s annual results announcement to be published not later than 31 March 2026 in compliance with 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
Newton Resources Ltd
Chong Tin Lung, Benny
Chairman and Executive Director

Hong Kong, 12 March 2026

As at the date of this announcement, the executive Directors are Mr. Chong Tin Lung, Benny and Mr. Lam Chun Kit; the non-executive Director is Mr. Chen Hongyuan; and the independent non-executive Directors are Mr. Tsui King Fai, Mr. Lee Kwan Hung, Eddie and Ms. Hang Qingli.

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