特力B:2024年半年度报告（英文版）

Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.SHENZEN TELLUS HOLDING CO. LTD.2024 Semi-annual Report

August 2024

1Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Section I Important Notes Contents and Interpretations

The Board of Directors the Board of Supervisors and directors

supervisors and senior executives of the Company guarantee that the present

semi-annual report is true accurate and complete without false records

misleading statements or major omissions and undertake the joint and

several legal liabilities arising therefrom.Fu Chunlong head of the Company Huang Tianyang the person in

charge of accounting and Yu Taiping the person in charge of the accounting

firm (accountant in charge) declare to guarantee the truthfulness accuracy

and completeness of the financial report in this semi-annual report.All directors of the Company have attended the meeting of the Board of

Directors to review the semi-annual report.The Company has described the potential risks in detail in this report.Investors are hereby kindly requested to pay attention to and read "X. Risks

Faced by the Company and Countermeasures" of "Section III Management

Discussion and Analysis" within this report.The Company has no plans to distribute cash dividends issue bonus

shares and convert reserved funds into share capital.

2Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Table of Contents

Section I Important Notes Contents and Interpretat... 2

Section II Company Profile and Major Financial Ind....6

Section III Management Discussion and Analysis ...... 9

Section IV Corporate Governance .................... 24

Section V Environmental and Social Responsibility .. 25

Section VI Important Matters ....................... 26

Section VII Changes in Shares and Shareholders ..... 36

Section VIII Preferred Shares ...................... 41

Section IX Bonds ....................................42

Section X Financial Report ......................... 43

3Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

List of Reference Documents

I. Accounting statements signed and sealed by the legal representative the person in charge of accounting and

the person in charge of the accounting firm.II. Originals of all company documents and announcements that have been publicly disclosed during the

reporting period.III. The above documents for future reference shall be kept at the Secretariat Office of the Board of Directors of

the Company.

4Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Interpretations

Interpretation term refers to Interpretation content

CSRC refers to China Securities Regulatory Commission

SZSE refers to Shenzhen Stock Exchange

Shenzhen Branch of China Securities Depository and

CSDC Shenzhen Branch refers to

Clearing Corporation Limited

Company the Company and Tellus Holding refers to SHENZEN TELLUS HOLDING CO. LTD.Reporting period this reporting period refers to The first half of 2024

the State-owned Assets Supervision and Management

Shenzhen SASAC refers to Commission of Shenzhen Municipal People's

Government

Shenzhen Special Economic Zone Development Group

SDG SDG Group and controlling shareholder refers to

Co. Ltd.SIHC refers to Shenzhen Investment Holdings Co. Ltd.Shenzhen Jewelry SJIS refers to Shenzhen Jewelry Industry Service Co. Ltd.Guorun Guorun Gold refers to Guorun Gold Shenzhen Co. Ltd.Shenzhen Tellus Treasury Supply Chain Treasury

Tellus Treasury Treasury refers to

Supply Chain Company

Shanghai Fanyue Fanyue refers to Shanghai Fanyue Diamond Co. Ltd.Zhongtian Company refers to Shenzhen Zhongtian Industry Co. Ltd.Automobile Industry and Trade Company refers to Shenzhen Automobile Industry and Trade Co. Ltd.SDG Huari refers to Shenzhen SDG Huari Automobile Enterprise Co. Ltd.Huari Toyota refers to Shenzhen Huari Toyota Sales & Service Co. Ltd.Renfu Tellus refers to Shenzhen Renfu Tellus Automobiles Service Co. Ltd.GAC refers to Gems＆ Jewelry Trade Association of China

Tellus Jewelry Building Jewelry Building refers to Tellus Shuibei Jewelry Building

Tellus Gold and Diamond Building Gold and Diamond

refers to Tellus Gold and Diamond Trading Building

Building

Shenzhen International Jewelry and Jade

Comprehensive Trade Platform refers to

Comprehensive Trade Platform

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Section II Company Profile and Major Financial Indicators

I. Company Profile

Stock abbreviation Tellus A Tellus B Stock code 000025 and200025

Stock exchange on which the

Shenzhen Stock Exchange

shares are listed

Chinese name of the

深圳市特力（集团）股份有限公司

Company

Chinese abbreviation (if any) Tellus A

English name of the Company

SHENZEN TELLUS HOLDING CO. LTD.(if any)

English abbreviation (if any) N/A

Legal representative of the

Fu Chunlong

Company

II. Contact Persons and Contact Information

Secretary of the Board of Directors Securities affairs representative

Name Qi Peng Liu Menglei

3/F Tellus Building 2nd Shuibei Road 3/F Tellus Building 2nd Shuibei Road

Address

Luohu District Shenzhen Luohu District Shenzhen

Tel. (0755) 83989390 (0755) 88394183

Fax (0755) 83989386 (0755) 83989386

E-mail ir@tellus.cn liuml@tellus.cn

III. Other Information

1. Contact information

Whether the Company's registered address office address and postal code company website e-mail etc. changed during the

reporting period

□ Applicable ?Not applicable

There was no change in the Company's registered address office address and postal code website e-mail etc. during the reporting

period. Please refer to the 2023 Annual Report for details.

2. Information disclosure and designated location

Whether the information disclosure and designated location changed during the reporting period

□ Applicable ?Not applicable

The names and websites of the stock exchange websites and media on which the Company disclosed the semi-annual report and

the designated location of the Company's semi-annual report remained unchanged during the reporting period. For details please

refer to the 2023 annual report.

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3. Other relevant information

Whether other relevant information changed during the reporting period

□ Applicable ?Not applicable

IV. Major Accounting Data and Financial Indicators

Whether the Company needs to retrospectively adjust or restate the accounting data for the previous years

□Yes ?No

Increase/decrease in the

Same period of the previous reporting period over the

Reporting period

year same period of the previous

year

Operating revenue (RMB) 1580023748.85 704836410.94 124.17%

Net profit attributable to

shareholders of the listed 76662479.69 44139962.93 73.68%

company (RMB)

Net profit attributable to

shareholders of the listed

company after non-recurring 70454786.31 37650680.93 87.13%

gains and losses (RMB) are

deducted

Net cash flows from operating

107309488.92-10241941.901147.75%

activities (RMB)

Basic earnings per share

0.17780.102473.63%

(RMB/share)

Diluted earnings per share

0.17780.102473.63%

(RMB/share)

Weighted average ROE 4.66% 2.89% 1.77%

Increase/decrease at the end

of the reporting period as

End of the reporting period End of the previous year

compared with the end of the

previous year

Total assets (RMB) 2493228681.47 2403851684.45 3.72%

Net assets attributable to

shareholders of the listed 1667204726.70 1603905054.93 3.95%

company (RMB)

V. Discrepancy of Accounting Data under the Domestic and Foreign Accounting Standards

1. Discrepancy in net profit and net assets in the financial report disclosed simultaneously according to

international accounting standards and Chinese accounting standards

□ Applicable ?Not applicable

There is no discrepancy in net profit and net assets in the financial reports disclosed by the Company following international

accounting standards and Chinese accounting standards in the reporting period.

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2. Discrepancy in net profit and net assets in the financial report disclosed simultaneously according to

overseas accounting standards and Chinese accounting standards

□ Applicable ?Not applicable

There is no discrepancy in net profit and net assets in the financial reports disclosed by the Company following overseas

accounting standards and Chinese accounting standards in the reporting period.VI. Non-recurring Profit or Loss Items and Amounts

?Applicable □ Not applicable

Unit: RMB

Item Amount Note

Profit and loss of non-current assets

disposal (including the write-off part of -227.20

the provision for impairment of assets)

Government subsidies included in the

current profits and losses (excluding

those that are closely related to the

Company's normal business operations

5606545.82

in line with national policies and

regulations and granted per defined

criteria with a continuous influence on

the Company's profits and losses)

Profit or loss from changes in the fair

value of financial assets and financial

liabilities held by the Company as a non-

financial company as well as profit or

loss from the disposal of the financial 2373536.49 Mainly from money management returns

assets and financial liabilities except in

effective hedging activities related to the

normal operating activities of the

Company.Other non-operating incomes and

expenditures apart from the aforesaid 1004694.78

items

Less: Amount of influence of income tax 2237809.41

Amount of influence of minority

539047.10

stockholder's interests (after-tax)

Total 6207693.38

Other gains or losses conforming to the definition of non-recurring gains or losses:

□ Applicable ?Not applicable

The Company has no other gains or losses conforming to the definition of non-recurring gains or losses.Explanation on defining the non-recurring gains or losses set out in the Explanatory Announcement No. 1 on Information

Disclosure for Companies Offering Securities to the Public — Non-Recurring Gains or Losses as recurring gains or losses

□ Applicable ?Not applicable

The Company does not define any non-recurring gains or losses set out in the Explanatory Announcement No. 1 on Information

Disclosure for Companies Offering Securities to the Public — Non-Recurring Gains or Losses as recurring gains or losses.

8Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Section III Management Discussion and Analysis

I. Main Business of the Company during the Reporting Period

(I) The main business of the Company during the reporting period includes jewelry third-party services

commercial complex operations and property leasing business.

1. Jewelry third-party services: With the development vision of "being committed to providing high-quality

service supply and growing with the jewelry industry" the Company relies on its advantages gathers domestic

and foreign high-quality industry resources and cooperates with outstanding leading enterprises in the industry to

build a third-party service platform that meets the needs of the vast industry. The company has set up subsidiaries

such as Shenzhen Jewelry Guorun Gold Tellus Treasury and Shanghai Fanyue. Through the construction and

operation of a comprehensive jewelry and jade trade platform gold circulation business and third-party

depository business for high-end jewelry it creates a wide range of service products to fully meet various needs

from customers at different levels and gradually builds and enriches the service ecosystem of the jewelry industry

through a sound service industrial chain. It strives to fill the market gap solve customers' pain points play a

benchmarking role in the industry and promote the compliance process of the industry.

2. Commercial complex operation and property leasing business: The Company is the largest owner of Tellus-

Gmond Gold Jewelry Industrial Park in the Shuibei area. The Tellus Jewelry Building and Tellus Gold and

Diamond Trading Building invested by the Company have been put into operation maintaining a high occupancy

rate. In addition the Company holds a significant amount of property resources in areas such as Luohu and Futian

in Shenzhen. While maintaining the stability of its existing leasing business the Company actively promotes the

improvement of property quality. It is transitioning its old properties from traditional simple leasing to

commercial property operation with a focus on enhancing and exploring the added value of its property brands.This initiative aims to establish innovative industrial projects that align with the overall strategic layout of the city

the district and the Company.

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(II) Description of the main business models of the jewelry business

1. Sales model

At present the Company adopts both wholesale and retail as the main sales models for gold and jewelry.Additionally it provides supporting services such as customs declaration gold exchange and safe deposit box

leasing. The sales revenue composition of the jewelry business in H1 2024 is as follows:

Amount of operatingAmount of operating cost

Model revenue (RMB 10000) (RMB 10000) Gross profit rate

Wholesale 101708.16 99565.35 2.11%

Retail sales 41920.73 41155.49 1.83%

Other services 543.57 321.84 40.79%

Total 144172.46 141042.68 2.17%

2. Production model

At present the Company's gold and related products mainly use a commissioned processing model while

diamonds colored gemstones and other products do not involve processing. The production mode composition in

H1 2024 is as follows:

Production model Amount (RMB 10000) Proportion

Finished products through the

commissioned processing 140688.84 100.00%

Total 140688.84 100.00%

3. Purchase model

Gold and related products: The Company purchases gold raw materials from Shanghai Gold Exchange or other

qualified organizations or leases them from banks;

Diamonds: The Company purchases finished diamonds from overseas diamond suppliers and imports them

through Shanghai Diamond Exchange;

Other jewelry and jade: The Company purchases such products from overseas jewelry and jade suppliers and

handles tax-paying import procedures through Shenzhen Jewelry.The procurement model in H1 2024 is as follows:

Purchase model Raw materials Purchase quantity Purchase amount

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(kg) (RMB 10000)

Spot trading Gold 2698.00 127457.16

Spot trading Panda gold coin 50.31 2479.47

Spot trading Silver panda coin 352.60 244.31

Rental business Gold 36.00 1540.51

Total 3136.91 131721.45

4. Operational situation of physical stores during the reporting period

Store Sales volume

Operating

revenue in H1 Operating cost in

No. Address Opening time (kg) in H12024 2024

H1 2024

(RMB 10000) (RMB 10000)

1 1/F Tellus Jewelry SeptemberBuilding 2023 150.01 6775.46 6755.53

2 B1 Annex BuildingTellus Jewelry Building March 2024 39.65 1923.40 1915.04

5. Online sales during the reporting period

Operating revenue in

S/N Store name Opening time H1 2024 Operating cost in H1

(RMB 10000) (RMB 10000)

1 Tellus Shuibei's Tmall flagship store November 6350.17 6202.66

2023

2 Tellus Shuibei's JD flagship store November 9855.19 9385.74

2023

3 "Self-operated mini-program private- March 2024 131.27 129.34

sphere store" on WeChat

4 Tellus Shuibei's Alibaba auction store May 2024 16792.39 16675.18

5 Tellus Shuibei's Pinduoduo flagship June 2024 92.84 91.76

store

6. Inventory of gold and jewelry business during the reporting period

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As of June 30 2024 the inventory balance of the Company's jewelry business was RMB 92.1375 million of

which the amount measured at fair value was RMB 91.4249 million corresponding to hedged items with

commodity futures contracts and T+D contracts as hedging instruments and the value of gold leased from the

bank.The Company shall abide by the disclosure requirements of the Guidelines of Shenzhen Stock Exchange for

Self-Regulatory Supervision of Listed Companies No. 3 - Industry Information Disclosure for "jewelry-related

business".II. Analysis of Core Competitiveness

(I) Location advantage

The company is located in Shuibei the core area of the jewelry industry in Shenzhen and an influential

professional trading center in China's jewelry industry. Shuibei occupies over 70% of the Chinese gold and

jewelry market and houses over 10000 gold and jewelry enterprises within a one-square-kilometer area of its core

region. According to data from the Shenzhen Gold & Jewelry Association Luohu District is home to more than

40 leading jewelry companies and 29 "China Famous Companies" accounting for 30% of the total in the country.

Shuibei has established a complete industrial chain covering design and R&D production and manufacturing

exhibition and trading brand operation headquarters offices inspection and testing and talent training.The Shuibei area gathers numerous jewelry suppliers and strong merchants providing the Company with an

excellent business environment and development platform. The Company can quickly capture market dynamics

respond promptly to market changes and provide comprehensive third-party jewelry services that meet industry

needs.(II) Resource advantage

By leveraging the endorsement of state-owned assets and harnessing industrial synergies the Company

deeply integrates resources from both the supply and demand sides of the jewelry industry. This positions the

Company with a certain advantage in coordinating upstream resources. The Company has established direct

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cooperation with domestic and foreign gold jewelry suppliers and processors and held many domestic commodity

inspection meetings and bonded exhibitions to reduce the cost of commodity inspection and raw material

procurement and improve its operation efficiency. In the first half of the year a second-hand diamond inspection

meeting was held showcasing nearly 10000 carats of loose diamonds and rough diamonds. The event attracted

over 200 professionals with nearly 70% coming from international diamond businesses abroad. The platform is

creating a new trading model for the jewelry element market introducing greater liquidity and flexibility and

injecting new vitality into the diamond market. In terms of customer expansion the Company has accumulated

certain industry resources and influence. It closely cooperates with the Gems & Jewelry Trade Association of

China and Shenzhen Gold & Jewelry Association actively participates in and organizes various industry activities

participates in the formulation of industry standards and continuously expands the popularity and influence of the

industry. At the same time it has grasped the trend of digitalization and developed an online platform through

digital transformation. The platform has preliminarily established a certain level of business support and digital

service capabilities.In addition the Company has also brought stable business income and cash flow through commercial

complex operations and property value improvement which lays a solid foundation for its long-term development.(III) Management advantage

In terms of strategic control the company continues to improve its management level strengthen strategic

decomposition and implementation optimize and adjust the organizational structure and enhance its functional

guarantee capability. From the perspective of promoting operations through management the Company has

established a "4S" management mainline system based on the management orientation and the actual situation of

the Company. Scientific and closed-loop management concepts have been established and various management

links have been linked which serve the Company's strategic implementation in a unified way.In terms of risk control the Company has formulated strict internal business control processes such as

supplier access standards a customer evaluation system and a procurement price comparison system to realize

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multi-level risk control over capital information and logistics. At the same time it has strengthened internal self-

inspection and risk control system construction continuously optimized business processes and internal control

systems in the process of business implementation and carried out research and innovation on new categories and

new business models under the premise of controllable risks. With the help of information system construction

system data analysis and foresight the risk early warning capability of business and risk control departments has

been improved.In terms of human resources the Company has optimized the employee employment mechanism and

interview process to unleash organizational vitality through two-way communication. It has optimized and

improved the training system established a mentorship system to rapidly enhance the work capabilities and

efficiency of new employees preliminarily built a middle-level management training mechanism centered around

management ability assessment and feedback and increased efforts in talent development.III. Analysis of Main Business

Overview

See "I. Main Business of the Company during the Reporting Period" for relevant content.YoY changes in main financial data

Unit: RMB

Year-on-year

Same period of the

Reporting period increase/decreas Reason of change

previous year

The business volume of gold

Operating revenue 1580023748.85 704836410.94 124.17% increased during the reporting

period

Increasing with the gold business

Operating cost 1451925990.76 608604638.40 138.57%

increase

Selling expenses 10655583.07 11963099.01 -10.93%

Administrative

23758940.4028817829.38-17.55%

expenses

The main factor was loan interest

Financial expenses 3685893.43 1391732.79 164.84% expenses for increased gold

business

The main reason was the increase in

Income tax expenses 19663631.30 12466659.92 57.73% total profit compared to the same

period last year

Mainly R&D input for the jewelry

R&D input 1525705.48

platform

Net cash flow from Firstly the reduction in inventory

107309488.92-10241941.901147.75%

operating activities for the gold business; secondly an

14Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

increase in rental income from the

Tellus Gold and Diamond Building.The main reason is that the on-

maturity redemptions related to

Net cash flows from money management during this

-136462605.64-272561687.3049.93%

investing activities reporting period increased

compared to the same period last

year.The main reason is that the increase

Net cash flows from in loans for the gold business

24828865.44152917899.92-83.76%

financing activities during this reporting period

decreased.Firstly a year-on-year decrease in

money management redemptions

during the reporting period;

Net increase in cash

-4323672.93 -129885729.28 96.67% secondly a reduction in inventory

and cash equivalents

for the gold business; thirdly an

increase in rental income from the

Tellus Gold and Diamond Building.Significant changes in the Company's profit composition or source during the reporting period

□ Applicable ?Not applicable

There are no significant changes in the Company's profit composition or source during the reporting period.Operating revenue composition

Unit: RMB

Reporting period Same period of the previous year

Proportion in Year-on-year

Proportion in

Amount operating Amount increase/decrease

operating revenue

revenue

Total operating

1580023748.85100%704836410.94100%124.17%

revenue分行业

Wholesale and

1441734815.2591.25%536696671.2576.14%168.63%

retail of jewelry

Property lease and

138078049.358.74%115235431.8416.35%19.82%

service

Others 210884.25 0.01% 52904307.85 7.51% -99.60%分产品

Wholesale and

1441734815.2591.25%536696671.2576.14%168.63%

retail of jewelry

Property lease and

138078049.358.74%115235431.8416.35%19.82%

service

Others 210884.25 0.01% 52904307.85 7.51% -99.60%分地区

South China 1017725204.81 64.41% 648208941.49 91.97% 57.01%

East China 89258835.53 5.65% 0.00 0.00%

North China 426593372.53 27.00% 56627469.45 8.03% 653.33%

Central China 37329652.67 2.36% 0.00 0.00%

Other regions 9116683.31 0.58% 0.00 0.00%

Situation of industries products or regions with operating revenues or operating profits accounting for more than 10% of that of

the Company

?Applicable □ Not applicable

Unit: RMB

15Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Year-on-year Year-on-year

Gross Year-on-year

movement in movement in

Operating revenue Operating cost profit movement in

operating gross profit

rate operating cost

revenue rate

By industry

Wholesale and

1441734815.251410424605.612.17%168.63%170.55%-0.70%

retail of jewelry

Property lease

138078049.3541501385.1569.94%19.82%7.49%3.45%

and service分产品

Wholesale and

1441734815.251410424605.612.17%168.63%170.55%-0.70%

retail of jewelry

Property lease

138078049.3541501385.1569.94%19.82%7.49%3.45%

and service分地区

South China 1017514320.56 897350269.66 11.81% 70.92% 78.15% -3.58%

East China 89258835.53 87765772.74 1.67%

North China 426593372.53 421213393.61 1.26% 653.33% 649.17% 0.55%

Central China 37329652.67 36682757.99 1.73%

Other regions 9116683.31 8913796.76 2.23%

The Company's main business data for the most recent period after adjustment based on the caliber at the end of the reporting

period if the statistical caliber of the Company's main business data is adjusted during the reporting period

□ Applicable ?Not applicable

IV. Analysis of Non-Main Business

?Applicable □ Not applicable

Unit: RMB

Proportion in total

Amount Reason Sustainable or not

profit

Wealth management income

and investment income with

Investment income 14706604.25 14.83% the recognition of the equity No

method of shareholding

enterprises

Changes in fair value of

unexpired wealth

Profits and losses of

-2981593.36 -3.01% management products gold No

changes in fair value

leasing business and

hedging tools

Changes fee for businesses

to change contracts and the

Non-operating income 1112033.25 1.12% No

liquidated damages for early

cancellation of leases.Liquidated damages repaid

Non-operating

107338.47 0.11% to businesses due to No

expenses

renovation

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V. Analysis of Assets and Liabilities

1. Major changes in asset composition

Unit: RMB

End of the reporting period As of the end of the previous year Explanat

Proportion

ion of

Proportion in total Proportion in increase/d

Amount Amount major

assets total assets ecrease changes

Cash at bank

228605222.299.17%220340961.649.17%0.00%

and on hand

Accounts

197419232.547.92%99635751.524.14%3.78%

receivable

Inventories 92137538.10 3.70% 178425833.88 7.42% -3.72%

Investment

992091283.5339.79%1008137341.8041.94%-2.15%

properties

Long-term

equity 81390604.97 3.26% 76511487.57 3.18% 0.08%

investment

Fixed assets 74890303.79 3.00% 78935843.49 3.28% -0.28%

Construction in

15159796.570.61%7279570.050.30%0.31%

progress

Right-of-use

67177997.922.69%71904716.502.99%-0.30%

assets

Short-term

160119111.116.42%145131694.446.04%0.38%

borrowings

Contract

5509635.750.22%7079975.380.29%-0.07%

liabilities

Long-term

0.00%0.000.00%0.00%

borrowings

Lease liabilities 64188913.70 2.57% 69524214.23 2.89% -0.32%

2. Primary overseas assets

□ Applicable ?Not applicable

3. Assets and liabilities at fair value

?Applicable □ Not applicable

Unit: RMB

Gains or

Accumulate Impair

losses from Othe

Period- d change in ment Purchase

changes in Sales amount r Period-end

Item beginning fair value accrued amount in this

fair value in this period chan amount

amount included in in this period

during this ges

equity period

period

Financial

assets

1. Trading 20629493 219551.09 411000000.0 240000000.0 377514483.

17Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

financial 1.94 0 0 03

assets

(excluding

derivative

financial

assets)

Derivative

298320.00-298320.000.00

financial

assets

3. Other

67627948.1706900.0105986078.

debt 62161530.32 25510300.00

60092

investments

4. Other

equity

383317.67383317.67

instrument

investments

Subtotal of

274604511628131.0473161530.3265510300.0483883879.

financial

8.2192062

assets

Hedged 85802395. 1648441608 1664937066 68886072.5

-420864.45

items 07 .31 .37 6

Total of the 36040691 1207266.6 2121603138 1930447366 552769952.above 3.28 4 .63 .37 18

Financial 56883334. 2208355.9 37433630.7

17407800.0039065860.00

liabilities 76 8 4

Other changes

Whether major changes occurred to the measurement attributes of the main assets of the Company within the reporting period

□Yes ?No

4. Restriction on asset rights as at the end of the reporting period

(Unit: RMB)

Item Book value on June 30 2024

Futures and options account margin 4104642.60

Gold leasing security deposits and interests 40477138.89

Margin payable security deposits and interests 28123726.04

Total 72705507.53

VI. Analysis of Investment

1. Overview

?Applicable □ Not applicable

Investment in the reporting period Amount of investment in the same period

Change range

(RMB) of the previous year (RMB)

13519694.2781253722.19-83.36%

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2. Significant equity investment acquired in the reporting period

□ Applicable ?Not applicable

3. Significant non-equity investment ongoing in the reporting period

□ Applicable ?Not applicable

4. Financial assets investment

(1) Security investment

□ Applicable ?Not applicable

The Company had no securities investment during the reporting period.

(2) Investment in derivatives

?Applicable □ Not applicable

1) Investment in derivatives for hedging purposes during the reporting period

?Applicable □ Not applicable

Unit: RMB 10000

Proportion

Gains or

of the

losses

Accumula investment

Initial from Buying Selling

ted amount in

invest Period- changes amount amount Period-

Type of investment change in net assets of

ment beginning in fair during the during the end

in derivatives fair value the

amou amount value reporting reporting amount

included Company at

nt during period period

in equity the end of

this

the reporting

period

Futures (Everbright

38.2000221.60221.6000.00%

account)

Futures (T+D

77.6358.1500701.371055.124.390.00%

account)

Futures (Huatai

1050667.45-19.54020718.9721127.95258.470.14%

account)

Revenue swap

50000154.18154.1800.00%

(CITIC account)

Futures (CITIC

57.2146.61-37.96055199.0752727.25611.900.34%

account)

Total 1273 1172.21 -57.50 0 76995.19 75286.10 874.76 0.48%

Accounting policies

and specific

principles of

accounting for No

hedging business

during the reporting

period and whether

there was any

19Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

significant change in

them compared to

the previous

reporting period

Explanation of

actual gains and Due to the rise in gold price the actual hedging loss of futures account during the reporting period was

losses during the RMB 9.8331 million.reporting period

Measurement method of hedge effectiveness: Hedge effectiveness = change in the price of futures/change

in the price of spot goods. The closer this value is to 100% the higher the effectiveness of the hedging will

be. The losses from futures due to price fluctuations amounted to RMB 9.8331 million while the spot

Explanation of

goods saw an increase of RMB 8.3144 million during the reporting period. This was due to the significant

hedging

efforts to expand the online e-commerce retail model during the reporting period. Additionally the gold

effectiveness

prices experienced considerable volatility in May and June of this reporting period which weakened the

effectiveness of hedging under the retail model. Overall the Company's hedging strategy remains

effective.Source of funds for

investment in Self-owned funds

derivatives

The Company's hedging transactions follow the following basic principles: The value change of futures

variety and contract quantity is roughly equivalent to that of spot positions; futures positions are in the

opposite direction to spot positions; and the time period in which the futures position is held corresponds

Risk analysis and to the time period in which the risk is borne by the spot market. The main risks of positions in gold futures

control measures for include basis risks forced liquidation risks and operational error risks.positions in 1. For the basis risk when the basis risk shrinks prioritize using gold leases as inventory and minimize or

derivatives during keep no proprietary stock;

the reporting period 2. For the risk of forced liquidation establish a risk alert system that triggers a set capital plan when there

(including but not are significant fluctuations in gold price to maintain adequate funds in margin accounts; if there is an

limited to market emergency triggering forced liquidation report it to the Company's management promptly and replenish

risks liquidity risks the hedging position that has been forced liquidated in an appropriate time;

credit risks 3. For the risk of operational errors implement a trader training mechanism strictly adhere to system and

operational risks workflow requirements to perform operations and reviews accordingly and provide daily reports

and legal risks) consistently.The Company has established a scientific and effective hedging management system which is

implemented through four key aspects: Organizational structure design planning systems management

and evaluation procedures and dynamic risk monitoring.For changes in

market price or

product fair value

during the reporting

period of invested

During the reporting period the fair value change of the futures contract hedging the holding position was

derivatives analysis

RMB -575000. The Company adopted the closing price of the futures contract held in the Shanghai Gold

of the fair value of

Exchange on the last trading day in June 2024 (June 28) as the fair value and the floating profit and loss

derivatives shall

was the change in fair value.disclose the specific

measures used and

related hypotheses

and parameter

setting.Involvement in

litigation (if None

applicable)

20Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

2) Investment in derivatives for speculative purposes during the reporting period

□ Applicable ?Not applicable

During the reporting period the Company had no investment in derivatives for speculative purposes.

5. Usage of raised funds

□ Applicable ?Not applicable

No raised funds were used within the reporting period of the Company.VII. Sales of Major Assets and Equity

1. Sales of major assets

□ Applicable ?Not applicable

No major asset was sold during the reporting period of the Company.

2. Sales of major equity

□ Applicable ?Not applicable

VIII. Analysis of Main Holding Companies and Joint-stock Companies

?Applicable □ Not applicable

Main subsidiaries and joint-stock companies that have an impact on the Company's net profit of 10% or more

Unit: RMB

Com

Company Registere Operating Operating

pany Main business Total assets Net assets Net profits

name d capital revenue profit

type

Jewelry fair

planning jewelry

consignment

Shenzhen

sales exhibition

Jewelry

Subsi and display 100000 60317832 39818475.8 4885485. 3887147.2 3862947.2

Industry

diary planning 000 .10 9 65 8 8

Service

conference

Co. Ltd.services and

marketing

planning

Sales of gold bars

Guorun for investment

Gold Subsi gold recycling 200000 41084060 198582706. 1427534

488490.37670179.30

Shenzhen diary and gold 000 4.30 09 581.98

Co. Ltd. purification/excha

nge services

Shenzhen Purchase sales

Tellus and leasing of

Treasury Subsi gold ornaments 500000 11890593 44918583.6 9245679.

1506800.71506803.5

Supply diary and precious 00 8.53 6 34

Chain metal products

Treasury leasing of safe

21Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Supply deposit boxes

Chain and warehousing

Company services

Shenzhen

Zhongtian Subsi 366221 60639556 462204351. 55717572 38792461. 29744525.Property lease

Industry diary 900 0.10 13 .41 21 80

Co. Ltd.Shenzhen

Automobil

Subsi 589600 23376912 199440254. 16984909 17672810. 12842908.e Industry Property lease

diary 00 0.91 87 .89 03 88

and Trade

Co. Ltd.Shenzhen

Xinyongto

ng Motor

Subsi 960780 13093868 3356228. 2194179.8 2084354.2

Vehicle Property lease 7302422.22

diary 0 .31 73 1 4

Inspection

Equipment

Co. Ltd.Shenzhen

Tellus

Xinyongto

Subsi 329000 96549794 77888966.3 6152466. 4061708.4 3048221.5

Automobil Property lease

diary 00 .12 1 75 1 6

Developm

ent Co.Ltd.Shenzhen

Renfu Joint-

Tellus stock Automobile sales 300000 22984477 75433079.9 38575790 46885304. 35552134.Automobil comp and maintenance 00 3.37 8 7.13 56 52

es Service any

Co. Ltd.Investment in

Shenzhen

Joint- industrial

Tellus-

stock development 537049 34261256 83061356.6 68891890 19400904. 14559666.Gmond

comp property 60 6.25 4 .69 56 49

Investment

any management and

Co. Ltd.leasing

Acquisition and disposal of subsidiaries during the reporting period

□ Applicable ?Not applicable

Description of main holding companies and joint-stock companies

IX. Structured Entities Controlled by the Company

□ Applicable ?Not applicable

X. Risks Faced by the Company and Countermeasures

(I) Market environment changes:

22Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

The increase in international friction and disputes has a significant impact on the price trends of raw

materials such as gold. At the same time changes in the domestic economic environment greatly influence

consumers' purchasing power and willingness to spend posing challenges for the development of the jewelry

industry.To address this risk the Company will actively implement various preventive measures: Firstly continuously

strengthen risk management by establishing a compliance management department innovate risk prevention and

control methods and enhance risk management capabilities; secondly firmly advance the Company's strategic

transformation promote the implementation of transformation projects through innovative business models

explore incremental markets expand business scale and seek new profit growth points to continuously improve

the Company's competitiveness and provide a solid foundation for the Company's long-term stable development.(II) Insufficient reserve of professionals

Talent is the foundation of enterprise development. After continuous optimization and adjustment the talent

issue has been alleviated to a certain extent. However with the continuous deepening and expansion of

transformation business the shortage of talent is still serious.In response to this risk the company conducted a comprehensive talent demand analysis clarifying the

required number of personnel professional skills and quality requirements for each position. A precise

recruitment strategy was developed to attract and select outstanding talent. Talent cultivation and development

were strengthened and employees' professional qualities and overall capabilities were enhanced through both

internal and external training programs. A mentoring system was implemented to provide one-on-one guidance

for young employees facilitating their continuous growth and development within the Company. A solid talent

foundation for the Company was constructed through various measures.XI. Implementation of the Action Plan for "Improvement in Quality and Return"

Has the Company disclosed the announcement on the action plan for "improvement in quality and return"

□Yes ?No

23Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Section IV Corporate Governance

I. Annual General Meeting of Shareholders and Extraordinary General Meetings of

Shareholders during the Reporting Period

1. General Meeting of Shareholders during the reporting period

Investor

Meeting

Meeting attendance Holding date Disclosure date Meeting's resolutions

type

ratio

For details please refer to the

Announcement on Resolutions of

2023 Annual Annual

2023 Annual General Meeting of

General general 54.36% April 23 2024 April 24 2024

Shareholders (Announcement No.:

Meeting meeting

2024-015) on Securities Times and

CNINFO (www.cninfo.com.cn).

2. Preferred share shareholders with resumed voting rights requested to convene an Extraordinary

General Meeting of Shareholders

□ Applicable ?Not applicable

II. Changes in the Company's Directors Supervisors and Senior Executives

?Applicable □ Not applicable

Name Position Type Date Reason

Resigned from the

Zhang Zheng Supervisor Resigned April 8 2024 position due to work

arrangements.III. Profit Distribution and Capital Reserves Converted to Share Capital in the Reporting

Period

□ Applicable ?Not applicable

The Company plans to not distribute cash dividends issue bonus shares or transfer share capital from capital reserve in the half

year.IV. Implementation of the Company's Equity Incentive Plan Employee Stock Ownership

Plan or Other Employee Incentive Measures

□ Applicable ?Not applicable

During the reporting period there was no equity incentive plan employee stock ownership plan or other employee incentive

measures and their implementation for the Company.

24Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Section V Environmental and Social Responsibility

I. Major Environmental Protection Issues

Whether the listed company and its subsidiaries belong to the key pollutant discharge units announced by the environmental

protection department

□Yes ?No

Administrative penalties imposed for environmental problems during the reporting period

Impact on the

Rectification

Name of company Reason for production and

Violation Penalty measures of the

or subsidiary punishment operation of the

Company

listed company

None None None None None None

Disclosure of other environmental information with reference to key pollutant discharge units: Not applicable

Measures to reduce carbon emissions during the reporting period and effects

□ Applicable ?Not applicable

Reasons for failure to disclose other environmental information: The Company and its subsidiaries are not key pollutant discharge

units announced by the environmental protection department and there was no punishment due to violations of laws and

regulations during the reporting period.II. Social Responsibilities

The Company's Party Committee actively responded to the arrangements and arrangements by higher-level

Party organizations to implement the national rural revitalization initiative. In the first half of 2024 it invested

RMB 87200 to purchase poverty alleviation products. It has also selected a Party member to Shangyan Village

Chengtian Town Shantou a front-line rural area starting from 2021 to assist in rural revitalization work serving

for three years so far.

25Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Section VI Important Matters

I. Commitments that have been fulfilled by the actual controllers shareholders related

parties purchasers and other relevant parties of the Company during the reporting period

and have not yet been fulfilled as of the end of the reporting period

?Applicable □ Not applicable

Per

Commit Comm Comm

Commitment Commitm for

ment itment Commitment content itment

cause ent time ma

party type period

nce

Durin

g the

period

The Company will maintain the independence of the being

listed company and maintain personnel independence the

Ensure

institutional independence financial independence and indire

Shenzhe the

asset integrity with the listed company. The listed ct In

n indepe

company will still have independent operation ability contro per

Investme ndenc December

independent procurement production and sales system lling for

nt e of 30 2022

and independent intellectual property rights. shareh ma

Holdings listed

In case of violation of the above commitments the older nce

Co. Ltd. compa

Company will bear corresponding legal responsibilities of

nies

including but not limited to compensation for all losses Tellus

caused to the listed company. Holdi

ng a

listed

compa

Commitment ny

made in 1. As of the signing date of this Letter of Commitment

acquisition the Company and other enterprises controlled by the

report or report Company have not engaged in business and activities that Durin

of equity are in direct competition with or may constitute direct g the

change competition with Tellus and will not engage in business period

and activities that are in direct competition with or may of

constitute direct competition with Tellus in the future being

(except those arranged based on Shenzhen SASAC or the

similar government agencies); indire

Shenzhe

Avoid 2. During the period of being the indirect controlling ct In

horizo shareholder of Tellus and during Tellus' listing on the contro per

Investme December

ntal Shenzhen Stock Exchange the Company will fully lling for

nt 30 2022

compe respect the independent operation autonomy of all shareh ma

Holdings

tition subsidiaries controlled by the Company and ensure that older nce

Co. Ltd.the legitimate rights and interests of Tellus and its of

minority shareholders will not be infringed; Tellus

3. The Company promises not to seek illegitimate Holdi

interests with the status of controlling shareholder of ng a

Tellus thus damaging the rights and interests of Tellus listed

and its minority shareholders; compa

4. The Company promises not to assist any party to ny

engage in any business activities that are in substantial

competition or potential competition with the main

26Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

business of Tellus by using the information learned or

known from Tellus;

5. If the Company or other enterprises controlled by the

Company violate the above commitments and guarantees

the Company shall bear the economic losses caused to the

listed company.

1. The Company and the companies enterprises and

economic organizations controlled or actually controlled

by the Company (excluding enterprises controlled by

listed companies hereinafter collectively referred to as

"affiliated companies") will exercise the rights of

shareholders fulfill the obligations of shareholders and

maintain the independence of listed companies in terms of

assets finance personnel business and institutions in

strict accordance with the provisions of laws regulations

and other normative documents;

2. The Company promises not to use its position as a

Durin

controlling shareholder to urge the General Meeting of

g the

Shareholders or the Board of Directors of the listed

period

company to make resolutions that infringe upon the

legitimate rights and interests of other shareholders of the

being

listed company;

the

Reduc 3. The Company or its affiliated companies will try to

indire

Shenzhe e and avoid related party transactions with listed companies. If

ct In

n standa it is inevitable to have related party transactions with

contro per

Investme rdize listed companies the Company or its affiliated companies December

lling for

nt related will urge the controlled entities to trade with listed 30 2022

shareh ma

Holdings party companies on an equal and voluntary basis per fair

older nce

Co. Ltd. transa reasonable and normal commercial transaction

ctions conditions;

Tellus

4. The Company or its subsidiaries will strictly adhere to

Holdi

the decision-making procedures for related-party

ng a

transactions and the corresponding information disclosure

listed

obligations as stipulated in the articles of association of

compa

the listed company and relevant laws and regulations; 5.ny

The Company or its affiliated companies will ensure that

they will not seek special interests beyond the above

provisions through related party transactions with the

listed company illegally transfer the funds and profits of

the listed company through related party transactions or

maliciously damage the legitimate rights and interests of

the listed company and its shareholders through related

party transactions. In case of violation of the above

commitments the Company will bear corresponding legal

responsibilities including but not limited to compensation

for all losses caused to the listed company.SHENZE

Commitment In

N In the future the Company will disclose relevant

made during per

TELLUS information regarding the progress of its new business in October Long

the initial Others for

HOLDIN a timely accurate and sufficient manner per relevant 17 2014 term

public offering ma

G CO. requirements.or refinancing nce

LTD.

27Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Shenzhen Special Economic Zone Development Group

Co. Ltd. the controlling shareholder of the Company

issued the Letter of Commitment to Avoiding Horizontal

Competition on May 26 2014. The commitments are as

follows:

1. The Company and other enterprises controlled by the

Company other than Tellus Holding are not engaged in

business that is in substantial competition with the main

Shenzhe

business of Tellus Holding and there is no horizontal

Other n Special

competition relationship with Tellus Holding; In

commitments Economi Horizo

2. The Company and its controlled enterprises will not in per

made for c Zone ntal May 25 Long

any form directly or indirectly engage in or participate in for

minority Develop compe 2014 term

business that competes or may compete with the main ma

shareholders of ment tition

business of Tellus Holding; 3. If the Company and other nce

the Company Group

enterprises controlled by the Company can engage in or

Co. Ltd.participate in any business opportunity that may compete

with the main business of Tellus Holding they shall

notify Tellus Holding of the above business opportunity

before implementing or signing relevant agreements. If

Tellus Holding makes a positive reply within a reasonable

period specified in the notice that it is willing to take

advantage of the business opportunity the business

opportunity will be first offered to Tellus Holding.From 2023 to 2025 the Company's profits will be first

used to cover the losses of previous years; after making

SHENZE

up for the losses of previous years on the premise that the In

N Divide Dece

Company's profits and cash flow meet normal operations per

Other TELLUS nd April 27 mber

and long-term development the Company will implement for

commitments HOLDIN commi 2023 31

an active profit distribution method to return it to ma

G CO. tment 2025

shareholders. For details please refer to the Shareholder nce

LTD.Return Plan for the Next Three Years (2023-2025)

disclosed on www.cninfo.com.cn on April 27 2023.Whether the

commitments

Yes

are duly

performed

If the

commitment is

not fulfilled

after the time

limit the

specific reasons N/A

for the failure

of fulfillment

and the next

work plan shall

be specified.II. Occupation of Non-Operating Funds of the Listed Company of Controlling Shareholder

and Other Related Parties

□ Applicable ?Not applicable

Non-operating fund occupied by the controlling shareholder and other related parties towards the listed company is not identified

within the reporting period of the Company.

28Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

III. Illegal External Guarantees

□ Applicable ?Not applicable

During the reporting period the Company had no illegal external guarantees.IV. Employment and Dismissal of Accounting Firms

Whether the Semi-Annual Financial Report has been audited

□Yes ?No

The Semi-Annual Report of the Company is unaudited.V. Description of the Board of Directors and the Board of Supervisors on the "Non-

Standard Auditor's Report" Issued by the Accounting Firm during the Reporting Period

□ Applicable ?Not applicable

VI. Description of the Board of Directors on the "Non-Standard Auditor's Report" of the

Previous Year

□ Applicable ?Not applicable

VII. Matters Relating to Bankruptcy Reorganization

□ Applicable ?Not applicable

Matters concerning bankruptcy reorganization were not identified within the reporting period of the Company.VIII. Lawsuit Proceedings

Major litigation and arbitration matters

?Applicable □ Not applicable

Progress

Amount Whether Execution of

Basic information of Disclo Disclo

involved estimated Litigation (arbitration) trial litigation

of litigation litigation sure sure

(RMB liabilities results and impacts (arbitration)

(arbitration) (arbitratio date index

10000) are formed judgment

The second-instance trial

took place on March 19

2024 and the judgment for

Dispute over land

the second-instance trial has

lease contract (the

1403.76 No Ongoing not yet been issued. At None

Company is the

present the matter has not

plaintiff)

caused effects on the

Company's production and

operation.Other contentious matters

□ Applicable ?Not applicable

29Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

IX. Punishment and Rectification

□ Applicable ?Not applicable

No punishment or rectification was identified within the reporting period of the Company.X. Integrity Situation of the Company and Its Controlling Shareholder and Actual

Controller

□ Applicable ?Not applicable

XI. Major Related Party Transactions

1. Related party transactions concerning daily operations

?Applicable □ Not applicable

Prici Appr

Cont ng Price Propor oved Exce Settle Market

Type Amount

ent princ of tion to trans ed ment price of

of of

of iple related transa actio the metho availabl

Related relat related

relat of party ction n appr d of e Discl Disclos

transac Relatio ed party

ed relate transac amoun amo oved relate similar osure ure

tion nship party transact

party d tion t of unt amo d transact date index

party trans ion

trans party (RMB the (RM unt party ion

actio (RMB

actio trans 10000 same B or transa (RMB

n 10000)

n actio ) kind 100 not ction 10000)

n 00)

Shenzh Accor

The Dail Prov

en ding

Compa y ide

Renfu to the

ny's relat prop Mark

Tellus contra Marc

related ed erty et Annou

Autom 272.50 272.5 1.88% 545 No ct 272.50 h 28

natural party leasi prici nceme

obiles amou 2024

person trans ng ng nt on

Service nt or

and its actio servi Daily

Co. agree

director n ces Relate

Ltd. ment d Party

Shenzh Transa

Accor

en Dail Prov ctions

ding

SDG Subsidi y ide in

to the

Tellus ary of relat prop Mark 2024

contra Marc

Propert controll ed erty et (Annou

8.69 8.69 0.06% 18 No ct 8.69 h 28

y ing party leasi prici nceme

amou 2024

Manag shareho trans ng ng nt No.:

nt or

ement lder actio servi 2024-

agree

Co. n ces 009) of

ment

Ltd. Securit

Dail Prov Accor ies

Shenzh

Subsidi y ide ding Times

ary of relat prop Mark to the and

SDG Marc

controll ed erty et contra CNINF

Microfi 64.15 64.15 0.44% 503 No 64.15 h 28

ing party leasi prici ct O

nance 2024

shareho trans ng ng amou

Co.lder actio and nt or

Ltd.n man agree

30Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

age ment

ment

servi

ces

Prov

Shenzh ide Accor

Dail

en prop ding

Subsidi y

SDG erty to the

ary of relat Mark

Service leasi contra Marc

controll ed et

Co. ng 139.61 139.61 0.96% 542 No ct 139.61 h 28

ing party prici

Ltd. and amou 2024

shareho trans ng

and its parki nt or

lder actio

branch ng agree

es servi ment

ces

The

Compa

ny's Prov Accor

Shenzh Dail

related ide ding

en y

natural brok to the

Telixin relat Mark

person erag contra Marc

g ed et

and the e and 30.00 30 3.78% 30 No ct 30.00 h 28

Invest party prici

director agen amou 2024

ment trans ng

of a cy nt or

Co. actio

joint servi agree

Ltd. n

stock ces ment

compa

Acce

Shenzh Accor

Dail pt

en ding

Subsidi y engi

SDG to the

ary of relat neeri Mark

Engine contra Marc

controll ed ng et 100.00

ering 12.00 12 140 No ct 12.00 h 28

ing party supe prici %

Manag amou 2024

shareho trans rvisi ng

ement nt or

lder actio on

Co. agree

n servi

Ltd. ment

ces

Acce

Shenzh Accor

Dail prop

en ding

Subsidi y erty

SDG to the

ary of relat man Mark

Service contra Marc

controll ed age et 1071. 1071. 90.15 402

Co. No ct 1071.77 h 28

ing party ment prici 77 77 % 2

Ltd. amou 2024

shareho trans and ng

and its nt or

lder actio secur

branch agree

n ity

es ment

servi

ces

Shenzh Dail Acce Accor

en Subsidi y pt ding

SDG ary of relat prop Mark to the

Marc

Tellus controll ed erty et contra

92.35 92.35 7.77% 198 No 92.35 h 28

Propert ing party man prici ct

2024

y shareho trans age ng amou

Manag lder actio ment nt or

ement n servi agree

31Full Text of the 2024 Semi-annual Report of SHENZEN TELLUS HOLDING CO. LTD.

Co. ces ment

Ltd.Shenzh Acce Accor

Dail

en pt ding

Subsidi y

SDG prop to the

ary of relat Mark

Buildin erty contra Marc

controll ed et

g man 14.40 14.4 1.21% 0 Yes ct 14.40 h 28

ing party prici

Techno age amou 2024

shareho trans ng

logy ment nt or

lder actio

Co. servi agree

Ltd. ces ment

Enterpr Accor

Guoren Dail

ise ding

Propert y Acce

controll to the

y & relat pt Mark

ed by contra Marc

Casualt ed insur et 90.84

indirect 24.68 24.68 80 No ct 24.68 h 28

y party ance prici %

controll amou 2024

Insuran trans servi ng

ing nt or

ce Co. actio ces

shareho agree

Ltd. n

lders ment

Accor

ISSTec Dail

ding

h Subsidi y Acce

to the

Inform ary of relat pt Mark

contra Marc

ation controll ed tech et

- 152 No ct 0.00 h 28

Techno ing party nical prici

amou 2024

logy shareho trans servi ng

nt or

Co. lder actio ces

agree

Ltd. n

ment

1730.1623

Total -- -- -- -- -- -- -- --

Details of large-sum sales return None

The actual performance during the

reporting period (if any) if the total

amount of daily related party

Normal performance

transactions occurring in the

current period is estimated by

行情