Shanghai Able Digital Science&Tech Co., Ltd. — Earnings Release 2023

Feb 27, 2023

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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POSITIVE PROFIT ALERT

This announcement is made by CITIC Resources Holdings Limited (the “ Company ”, and together with its subsidiaries, 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 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).

The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes 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 year ended 31 December 2022 (the “ Reporting Period ”), the Group is expected to record an unaudited consolidated profit attributable to Shareholders of approximately HK$1.3 billion to HK$1.4 billion, representing an increase of approximately 18% to 27% for the Reporting Period as compared to the year ended 31 December 2021.

The expected increase in the consolidated profit attributable to Shareholders for the Reporting Period is primarily attributable to the following factors:

• (i) a satisfied improvement in operating results of the oil business of the Group for the Reporting Period as compared to the year ended 31 December 2021. The improvement in operating results of the oil business of the Group as a whole was mainly attributable to an increase in the average realised crude oil price, application of new technology and stringent ongoing costs control for the Reporting Period; and

• (ii) a significant improvement in operating results of the Group’s aluminium smelting segment and coal segment for the Reporting Period due to an increase in the average selling price of aluminium and coal as compared to the year ended 31 December 2021, as well as an increase of fair value gain on derivative financial instruments of electricity hedging agreements in Australia.

The Company is still in the process of finalising the annual results of the Group for the Reporting Period. The information contained in this announcement only represents a preliminary assessment by the Board based on the unaudited consolidated management accounts of the Group for the Reporting Period and the information currently available to the Group which have not been reviewed or audited by the Company’s auditors nor were they reviewed by the audit committee of the Company. Shareholders and potential investors are advised to read carefully the annual results announcement of the Group for the Reporting Period, which is expected to be published before the end of March 2023.

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The Company will publish further announcements if there is any additional information warranting disclosure in accordance 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 CITIC Resources Holdings Limited Sun Yufeng Chairman

Hong Kong, 27 February 2023

As at the date hereof, Mr. Sun Yufeng is an executive director of the Company, Mr. Chan Kin is a non-executive director of the Company, and Mr. Fan Ren Da, Anthony, Mr. Gao Pei Ji and Mr. Look Andrew are independent non-executive directors of the Company.

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