特力B:2025年半年度报告（英文版）

Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.Shenzhen Tellus Holding Co. Ltd.2025 Semi-Annual Report

August 2025

1Full Text of the 2025 Semi-Annual Report of Shenzhen 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 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 no plans to distribute cash dividends issue bonus

shares and convert reserved funds into share capital.

2Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

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 Environment and So.. 23

Section V Important Matters ........................ 24

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

Section VII Bond-related Information ................41

Section VIII Financial Report .......................42

Section IX Other Submitted Data ................... 177

3Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Documents for Inspection

(I) Financial statements signed and sealed by the head of the Company the person in charge of accounting and the person in

charge of the accounting firm (accountant in charge).(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 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Interpretations

Term Refer(s) to Interpretation

CSRC Refer(s) to China Securities Regulatory Commission

SZSE Refer(s) to Shenzhen Stock Exchange

Shenzhen Branch of China Securities Depository and

CSDC Shenzhen Branch Refer(s) to

Clearing Corporation Limited

Company the Company and Tellus Holding Refer(s) to Shenzhen Tellus Holding Co. Ltd.Reporting period this/the reporting period Refer(s) to The first half of 2025

State-owned Assets Supervision and Management

Shenzhen SASAC Refer(s) to Commission of Shenzhen Municipal People's

Government

Shenzhen Special Economic Zone Development Group

SDG Group and controlling shareholder Refer(s) to

Co. Ltd.SIHC Refer(s) to Shenzhen Investment Holdings Co. Ltd.Shenzhen Jewelry SJIS Refer(s) to Shenzhen Jewelry Industry Service Co. Ltd.Guorun Guorun Gold Refer(s) to Guorun Gold Shenzhen Co. Ltd.Tellus Treasury Refer(s) to Shenzhen Tellus Treasury Supply Chain Tech Co. Ltd.Shanghai Fanyue Refer(s) to Shanghai Fanyue Diamond Co. Ltd.Zhongtian Company Refer(s) to Shenzhen Zhongtian Industry Co. Ltd.Tellus Shuibei Jewelry Refer(s) to Shenzhen Tellus Shuibei Jewelry Co. Ltd.SDG Huari Refer(s) to Shenzhen SDG Huari Automobile Enterprise Co. Ltd.Huari Company Refer(s) to Shenzhen Huari Automobile Sales and Service Co. Ltd.Tellus Jewelry Building Jewelry Building Refer(s) to Tellus Shuibei Jewelry Building

Tellus Gold and Diamond Building Gold and Diamond

Refer(s) to Tellus Gold and Diamond Trading Building

Building

5Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Section II Company Profile and Major Financial Indicators

I. Company Profile

Stock abbreviation Tellus A Tellus B Stock code 000025 200025

Stock abbreviation before

N/A

change (if any)

Stock exchange on which the

Shenzhen Stock Exchange

shares are listed

Chinese name of the

Shenzhen Tellus Holding Co. Ltd.Company

Chinese abbreviation (if any) Tellus A

English name of the Company

Shenzhen Tellus Holding Co.Ltd.(if any)

Abbreviation of English name

N/A

(if any)

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

3F Tellus Building No. 56 2nd Shuibei 3F Tellus Building No. 56 2nd Shuibei

Address

Road Luohu District Shenzhen Road 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 were no changes to the Company's registered address office address postal code website e-mail etc. during the reporting

period. Please refer to the 2024 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 more

6Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

information please refer to the 2024 Annual Report.

3. Other relevant information

Whether other relevant information changed during the reporting period

□ Applicable□ Not applicable

IV. Major Accounting Data and Financial Indicators

Does the Company need to retrospectively adjust or restate the accounting data for previous years

□Yes□ No

Increase/decrease in the

Same period of the reporting period over the

Reporting period

previous year same period of the previous

year

Operating revenue (RMB) 878272629.94 1580023748.85 -44.41%

Net profit attributable to shareholders of

84013429.3576662479.699.59%

the listed company (RMB)

Net profit attributable to shareholders of

the listed company after deducting non- 76473401.54 70454786.31 8.54%

recurring profit or loss (RMB)

Net cash flows from operating activities

154806331.67107309488.9244.26%

(RMB)

Basic earnings per share (RMB/share) 0.1949 0.1778 9.62%

Diluted earnings per share (RMB/share) 0.1949 0.1778 9.62%

Weighted average return on net assets 4.77% 4.66% 0.11%

Increase/decrease at the end

End of the previous of the reporting period as

End of the reporting period

year compared with the end of the

previous year

Total assets (RMB) 2725442964.28 2594459237.89 5.05%

Net assets attributable to shareholders of

1767792226.911726884629.562.37%

the listed 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 reports disclosed simultaneously according to

International Accounting Standards and Chinese Accounting Standards

□ Applicable□ Not applicable

There was 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.

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

foreign accounting standards and Chinese Accounting Standards

□ Applicable□ Not applicable

There was no discrepancy in net profit and net assets in the financial reports disclosed by the Company following foreign

7Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

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 or loss of non-current assets disposal (including the write-off part of the

-6079.20

provision for impairment of assets)

Government subsidies included in the current profit or loss (excluding those that are

closely related to the Company's normal business operations in line with national

1056727.69

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

4675868.00

disposal of the financial assets and financial liabilities except in effective hedging

activities related to the normal operating activities of the Company.Other non-operating revenue and expenses than the above items 3352382.93

Less: Effect on income tax 2218656.63

Effect on minority interests (after-tax) -679785.02

Total 7540027.81

Specific conditions of other profits or losses conforming to the definition of non-recurring profit or loss:

□ Applicable□ Not applicable

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

Disclosure for Companies Offering Securities to the Public—Non-Recurring Profit or Loss as recurring profits or losses

□Applicable □ Not applicable

Amount involved

Item Reason

(RMB)

Due to the price fluctuation risk related to gold effective hedging of gold futures is a

means for Guorun Gold and Tellus Treasury subsidiaries of the Company to avoid

relevant risks. This activity falls under normal proprietary business operations.Therefore based on the nature and characteristics of its normal business operations the

Effective Company has classified the following items listed in the Explanatory Announcement

-14224744.55

hedging No. 1 on Information Disclosure for Companies Offering Securities to the Public—Non-

Recurring Profit or Loss (2023 Revision) as recurring profit or loss items: effective

hedging related to the normal operations of non-financial enterprises; profits or losses

from changes in the fair value of financial assets and financial liabilities held; and

profits or losses from the disposal of financial assets and financial liabilities.According to the Explanatory Announcement No. 1 on Information Disclosure for

Refund of Companies Offering Securities to the Public—Non-Recurring Profit or Loss (2023

handling fees Revision) the refund of handling fees for individual income tax received by the

50320.31

for individual Company and its subsidiaries is categorized as income related to routine activities. As it

income tax is neither of a special nature nor incidental it is classified as a recurring profit or loss

item.

8Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Section III Management Discussion and Analysis

I. Main Business of the Company During the Reporting Period

(I) The Company's main business during the reporting period included jewelry trading gold and property

platforms.

1. Jewelry trading: The Company undertook the establishment of the Shenzhen International Jewelry &

Jade Exchange. By building a jewelry transaction digital trading system that combines online and offline

activities with complete functions and services such as display trading bidding auction evaluation financing

and information release the Company set up trade channels from overseas upstream resources to domestic

wholesale terminal merchants gradually becoming an influential comprehensive service provider in the

international jewelry and jade trading industry and helping Shenzhen build an international jewelry and jade

industry center.

2. Gold: With product innovation as the core the Company built an omnichannel operation system for the

coordinated development of B-end and C-end operations. For B-end activities the Company provided fast low-

cost and demand-oriented product services through efficient operation supply chain integration and financial

advantages. For C-end activities the Company created an influential differentiated brand through IP co-

branding agile development diversified marketing promotion and product quality system construction.

3. Property platforms: 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 Building invested by the

Company have been put into operation successively 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 will promote the transition of 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.(II) Description of the main business models of the jewelry business

1. Sales model

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The Company adopts both wholesale and retail as the main sales models for gold and jewelry. Additionally

it provides supporting services such as customs clearance agency services and safe deposit box leasing. The

sales revenue composition of the jewelry business in H1 2025 is as follows:

Sales model Amount of operating revenue Amount of operating cost(RMB 10000) (RMB 10000) Gross profit rate

Wholesale 31952.93 30747.71 3.77%

Retail sales 38044.58 37628.72 1.09%

Other services 822.64 241.67 70.62%

Total 70820.15 68618.10 3.11%

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 model composition

in H1 2025 is as follows:

Production model Amount (RMB 10000) Proportion

Finished products through the commissioned processing 57296.52 100.00%

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.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 purchase model composition in H1 2025 is as follows:

Purchase quantity Purchase amount

Purchase model Raw materials

(kg) (RMB 10000)

Spot trading Gold 912.94 60047.08

Spot trading Silver 15.50 10.29

Rental business Gold 83.00 5376.06

Total 1011.43 65433.43

10Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

4. Operation of physical stores during the reporting period

Operating

S/N Name revenue Operating cost(RMB (RMB 10000) Address

10000)

1 Guorun Direct-sales Store 768.22 763.90Atrium of Tellus Jewelry Building 2nd Shuibei Road Luohu(Tellus) District Shenzhen City

Counter and Side Hall of

Guorun Direct-sales Store B1-046 and B1-023 Basement Level 1 Annex Building of2 (Tellus) on Basement Level 5122.36 5086.56Tellus Jewelry Building 2nd Shuibei Road Luohu District

1 Shenzhen City

5. Online sales during the reporting period

S/N Name Operating revenue (RMBOperating cost (RMB

10000)10000)

1 Taobao and Tmall platform stores 6192.24 6202.73

2 JD platform stores 5470.67 5401.43

3 Alibaba platform stores 4494.89 4345.99

4 Pinduoduo platform stores 5159.65 5103.75

5 Jingya platform stores 10452.46 10388.93

6 WeChat platform stores 521.38 517.76

7 Dewu platform stores 0.19 0.12

8 Douyin platform stores 0.07 0.03

6. Inventory of jewelry business during the reporting period

As of June 30 2025 the inventory balance of the Company's jewelry business was RMB 65098057.50 of

which the amount measured at fair value was RMB 64651775.39 corresponding to hedged items with

commodity futures contracts and T+D contracts as hedging instruments and the value of gold leased from banks.The Company shall abide by the disclosure requirements for "jewelry-related business" in the Guidelines of Shenzhen Stock

Exchange for Self-Regulatory Supervision of Listed Companies No. 3—Industry Information Disclosure.II. Analysis of Core Competitiveness

(I) Location advantage

The Company located in Shuibei the core cluster area of Shenzhen's jewelry industry is the largest owner

of Tellus-Gmond Gold Jewelry Industrial Park. Shuibei accounts for more than 75% of China's gold and

jewelry market share. Within the one-square-kilometer core area of the Shuibei market tens of thousands of

gold and jewelry enterprises are gathered. According to the data from the Shenzhen Gold & Jewelry

Association the annual physical pick-up volume of gold and platinum in Shenzhen accounts for about 70% of

the physical sales volume at Shanghai Gold Exchange and the physical consumption of diamonds accounts for

about 80% of the import value at Shanghai Diamond Exchange. In terms of brand concentration Luohu District

is home to over 40 leading jewelry enterprises and 29 "China Famous Trademarks" in the jewelry sector

11Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

accounting for 30% of the national total. The district has also successfully supported the stock exchange listings

of jewelry companies including Chow Tai Seng and DR Group. Shuibei has formed a complete industrial chain

covering design and R&D production and manufacturing exhibition and trading brand operation headquarters

office operation inspection and testing and talent training.The location advantage of the Shuibei area is significant. The concentration of numerous jewelry suppliers

and established businesses facilitates the Company's import-export operations and exhibition and marketing

activities. The market influence and centralized trade information in Shuibei provide a favorable business

environment and development platform enabling the Company to promptly capture market feedback and

respond quickly to market changes. Shenzhen's "20+8" Industrial Cluster Development Plan emphasizes the

future focus on developing modern fashion industrial clusters. The government's strong support for the jewelry

industry provides substantial backing for the Company helping reduce operating costs enhance profitability

and achieve sustainable development.(II) Resource advantage

By leveraging its state-owned enterprise background and harnessing industrial synergies the Company

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

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

partnerships with domestic and international gold and jewelry suppliers and processors engaging in

collaborative discussions with organizations such as the Turkish Jewellery Exporters' Association the Republic

of Sakha (Yakutia) delegation from Russia and Myanmar Gems and Pearl Enterprise to develop domestic and

international exhibition and trading business.Through years of dedicated efforts the Company has accumulated significant industry resources and

influence. It maintains close collaborations with authoritative testing and appraisal institutions in the industry

such as the National Gemstone Testing Center National Center of Quality Supervision and Inspection on Gold

and Silver Jewelry (Nanjing) National Center of Quality Supervision and Inspection on Gold and Silver

Jewelry (Tianjin) and HJTC actively participates in and organizes industry activities and sets industry

standards to continuously expand its industry reputation and impact. The group standard—Quality Evaluation of

Seawater Pearls—jointly drafted by the Company passed the expert review on March 22 2025 and was

approved and released by the Shenzhen Standards Promotion Council in June 2025. The Company has deeply

embedded itself in the supply chain business to offer professional full-industry supply chain services and has

cooperated with renowned jewelry enterprises in the industry to further expand its business scale.The Company's property platforms have brought stable business revenue and cash flow laying a solid

foundation for the Company's long-term development. The Tellus Jewelry Building and the Tellus Gold and

Diamond Building have been put into use one after another. They maintain a high occupancy rate. Furthermore

12Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

the Company plans to continuously unlock the commercial value of its traditional properties through quality

upgrades and old property renewal initiatives.(III) Management advantage

In terms of digitalization the Company has achieved significant technological advancements. It has

vigorously promoted the digital transformation of its trading platform organized and prioritized functional

modules and continuously adjusted its construction strategy to respond promptly to changes and meet business

needs. The Company has improved and enhanced the platform's capabilities in online transactions data analysis

and intelligent supervision gradually applying these features in its supply chain operations to effectively serve

jewelry industry clients and support the growth of micro- small- and medium-sized enterprises (MSMEs)

within the sector.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

multi-level risk control over capital information and logistics. At the same time it has continuously optimized

business processes and internal control systems during business operations and carried out research and

innovation on new categories and new business models under the premise of controllable risks. By leveraging

information system development and system data analysis the Company has enhanced its business risk early

warning capabilities.In terms of internal management the Company takes scientific management as the driving force and

guarantee for development. From the perspective of promoting operation via management it is business-

oriented and combines its actual situation to introduce a leading business model improve the 4S control system

consolidate a closed loop of strategic management and smoothly implement its plans.In terms of talent development the Company conducts an integrated "testing-training-practice" training

mode for middle and senior management. With the mode focusing on accurate diagnosis system empowerment

and practical transformation it assists the management team in improving leadership and execution thereby

creating a strong management engine to support business strategies.III. Analysis of Main Business

Overview

See "I. Main Business of the Company During the Reporting Period" for relevant content.Year-on-year (YoY) changes in main financial data

Unit: RMB

Same period of the YoY

Reporting period Reasons for change

previous year increase/decrease

Decrease in gold business

Operating revenue 878272629.94 1580023748.85 -44.41%

volume this year

13Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Decrease as gold business

Operating cost 736664626.44 1451925990.76 -49.26%

volume decreases

Decrease as gold business

Selling expenses 6551375.74 10655583.07 -38.52%

volume decreases

Administrative

25702432.6323758940.408.18%

expenses

Mainly due to the decrease in

Financial expenses 2287888.06 3685893.43 -37.93% interest expenses on gold

business financing

Mainly due to the increase in

Income tax expenses 25372160.83 19663631.30 29.03% total profit compared to the same

period last year

Mainly due to the increase in

R&D investment in

R&D investment 2045320.23 1353032.80 51.17%

informatization development of

subsidiaries

Net cash flows from Mainly due to the decrease in

154806331.67107309488.9244.26%

operating activities gold business stocks

Mainly due to the decrease in on-

maturity redemptions related to

Net cash flows from

-233644957.72 -136462605.64 -71.22% money management during this

investing activities

reporting period compared to the

same period last year

Mainly due to the increase in

Net cash flows from

-13048507.32 24828865.44 -152.55% dividend distribution during this

financing activities

reporting period

Mainly due to the increase in

dividend distribution and the

Net increase in cash decrease in on-maturity

-91887133.37-4323672.93-2025.21%

and cash equivalents redemptions related to money

management during this

reporting period

Significant changes in the Company's profit composition or source during this reporting period

□ Applicable□ Not applicable

No significant changes in the Company's profit composition or source during this reporting period

Operating revenue composition

Unit: RMB

Reporting period Same period of the previous year YoY

Proportion in Proportion in increase/decrea

Amount Amount

operating revenue operating revenue se

Total operating

878272629.94100%1580023748.85100%-44.41%

revenue

By industry

Wholesale and

708201538.2580.64%1441734815.2591.25%-50.88%

retail of jewelry

Property lease and

170071091.6919.36%138078049.358.74%23.17%

service

Others 0.00 0.00% 210884.25 0.01% -100.00%

By product

Wholesale and

708201538.2580.64%1441734815.2591.25%-50.88%

retail of jewelry

Property lease and

170071091.6919.36%138078049.358.74%23.17%

service

14Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Others 0.00 0.00% 210884.25 0.01% -100.00%

By region

South China 577029206.44 65.70% 1017725204.81 64.41% -43.30%

East China 105033882.43 11.96% 89258835.53 5.65% 17.67%

North China 48267352.47 5.50% 426593372.53 27.00% -88.69%

Central China 134032831.63 15.26% 37329652.67 2.36% 259.05%

Other regions 13909356.97 1.58% 9116683.31 0.58% 52.57%

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

YoY YoY YoY

Gross

increase/decrea increase/decrea increase/decreas

Operating revenue Operating cost profit

se in operating se in operating e in gross

rate

revenue costs margin

By industry

Wholesale and

708201538.25686181047.023.11%-50.88%-51.35%0.94%

retail of jewelry

Property lease

170071091.6950483579.4270.32%23.17%21.64%0.37%

and service

By product

Wholesale and

708201538.25686181047.023.11%-50.88%-51.35%0.94%

retail of jewelry

Property lease

170071091.6950483579.4270.32%23.17%21.64%0.37%

and service

By region

South China 577029206.44 439154616.68 23.89% -43.29% -51.06% 12.08%

East China 105033882.43 104027905.36 0.96% 17.67% 18.53% -0.71%

North China 48267352.47 46598537.67 3.46% -88.69% -88.94% 2.20%

Central China 134032831.63 133101093.39 0.70% 259.05% 262.84% -1.04%

Other regions 13909356.97 13782473.34 0.91% 52.57% 54.62% -1.31%

The main business data adjusted at the end of the reporting period will be taken for the recent one period if the Company's

statistical caliber of main business data is adjusted during the reporting period

□ Applicable□ Not applicable

IV. Analysis of Non-main Business

□Applicable □ Not applicable

Unit: RMB

Amount Proportion in total profit Explanation Sustainable or not

Wealth management income and

Income from investment income with the

6028215.73 5.63% No

investment recognition of the equity method

of shareholding enterprises

Changes in fair value of unexpired

Profits or losses of

-2801386.05 -2.62% wealth management products gold No

changes in fair value

leasing business and hedging tools

Change fees for businesses to

Non-operating change contracts and the

3456068.88 3.23% No

revenue liquidated damages for early

cancellation of leases

15Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Non-operating

103685.95 0.10% Liquidated damages paid No

expenses

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

Proportion Explanation of

Proportion in Proportion in

Amount Amount increase/decrease major changes

total assets total assets

Cash at bank

277967745.5110.20%377971359.6914.57%-4.37%

and on hand

Accounts

96524408.173.54%46564067.141.79%1.75%

receivable

Inventories 65098057.50 2.39% 127432191.55 4.91% -2.52%

Investment

1080852577.1539.66%1099772133.1042.39%-2.73%

properties

Long-term

equity 97002094.11 3.56% 85091833.20 3.28% 0.28%

investments

Fixed assets 66418841.10 2.44% 70763683.25 2.73% -0.29%

Projects under

2678672.060.10%3332141.190.13%-0.03%

construction

Right-of-use

72469255.872.66%78558005.503.03%-0.37%

assets

Short-term

142951444.415.25%120101444.434.63%0.62%

borrowings

Contract

3359542.000.12%4009504.590.15%-0.03%

liabilities

Lease liabilities 72273602.70 2.65% 76541985.55 2.95% -0.30%

2. Primary overseas assets

□ Applicable□ Not applicable

3. Assets and liabilities at fair value

□Applicable □ Not applicable

Unit: RMB

Profits or Accumulat Impair

losses from ed changes ment

Purchase Sales

Beginning changes in in fair accrue Other Ending

Item amount in amount in

balance fair value value d in changes balance

this period this period

during this included in this

period equity period

Financial

assets

16Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

1. Trading

financial

assets

165630834.0293000002610000019702679

(excluding -604036.00

60.000.008.06

derivative

financial

assets)

Derivative

292078.00-183918.00108160.00

financial

assets

3. Other

debt 13725028 22425940

84724128.762284998.60

investment 2.42 9.78

Subtotal of

250647040.8430250282610000042139436

financial 1497044.60

22.420.007.84

assets

Hedged 114856873.1 65049640 72789356 37863854.

404150.950.000.000.00

items 5 0.31 9.58 83

Total of the 365503913.9 10807466 98889356 45925822

1901195.550.000.000.00

above 7 82.73 9.58 2.67

Financial 62799920. 2050410.0 63472251.

46660.002651520.000.000.0024561.57

liabilities 00 0 57

Other changes: Interest accrued by the Company's borrowing business.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 of the end of the reporting period

Unit: RMB

Item Book value on June 30 2025

Gold leasing security deposits and interest 30350972.23

Futures and options account margin 1080805.01

Amount under judicial control 1066174.00

Margin payable security deposits and interest 36080959.01

Total 68578910.25

VI. Analysis of Investment

1. Overview

□Applicable □ Not applicable

Investment in the reporting period Investment in the same period of the

Change rate

(RMB) previous year (RMB)

1834078.6513519694.27-86.43%

2. Significant equity investment acquired in the reporting period

□ Applicable□ Not applicable

17Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

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

□ Applicable□ Not applicable

4. Financial assets investment

(1) Securities 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

Profits

of the

investment

losses

Accumulated Purchased Selling amount in

from

Initial changes in amount amount net assets

Type of derivative Beginning changes Ending

investment fair value during the during the of the

investment amount in fair amount

amount included in reporting reporting Company

value

equity period period at the end

during

of the

this

reporting

period

Futures (Huatai account) 1050 1387.78 10.82 0 8306.39 9587.09 107.08 0.06%

Futures (CITIC account) 290.6 429.86 0 0 1782.29 2212.15 0 0.00%

Yongan Futures (revenue

000042.8942.8900.00%

swap)

Futures (CITIC account) 57.2 466.21 0 0 0 466.21 0 0.00%

Total 1397.8 2283.85 10.82 0 10131.57 12308.34 107.08 0.06%

Accounting policies and

specific principles of

accounting for hedging

business during the

reporting period and No

whether there was any

significant change in

them compared to the

previous reporting period

Explanation of actual During the reporting period the spot price rose by RMB 14.8868 million due to the underlying gold

profits and losses during price; the futures account hedging and position closing loss was RMB 17.5439 million; the hedging fee

the reporting period was RMB 163200 and the actual hedging loss was RMB 2.8203 million.Measurement method of hedge effectiveness: Hedge effectiveness = Change in Futures Price / Change

Explanation of hedging in Spot Price. The closer this value is to 100% the more effective the hedge. A hedge is considered

effectiveness highly effective when its effectiveness ranges from 80% to 125%. The Company's hedge effectiveness

consistently exceeds 85% indicating that its hedging strategy is highly effective.

18Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Source of funds for

Owned funds

investment in derivatives

The Company's hedging transactions align with the following basic principles: The value changes of the

futures varieties and contract quantities are roughly equivalent to those of the spot positions; futures

positions are in the opposite direction to spot positions; and the time in which the futures position is

held corresponds to the time in which the risk is borne by the spot market. The main risks of positions

Risk analysis and control

in gold futures include basis risks forced liquidation risks and operational error risks. To manage basis

measures for positions in

risks when the basis narrows the Company strives to use leased gold as inventory and minimize or

derivatives during the

avoid building proprietary inventory. To manage forced liquidation risks a risk warning system has

reporting period

been established. In case of significant gold price fluctuations capital planning is done in advance to

(including but not limited

ensure adequate funds in the margin account. If forced liquidation is triggered by emergency events the

to market risks liquidity

incident is reported to the Company's senior management immediately and the hedging positions that

risks credit risks

have undergone forced liquidation will be restored at an appropriate time. To manage operational error

operational risks and

risks the Company has implemented a trader training mechanism strictly adhered to internal policies

legal risks)

and workflow requirements for operation and review and performed daily reporting. 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

prices or fair value of

invested derivatives

during the reporting During the reporting period the fair value change of the futures contracts held for hedging purposes

period the analysis of was RMB 108200. The Company determined the fair value using the closing price on June 30 2025 of

derivative fair value shall the futures contracts held on the Shanghai Gold Exchange with the floating gain and loss representing

disclose the specific the change in fair value.valuation methods used

and related hypotheses

and parameter settings.Involvement in litigation

N/A

(if applicable)

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

The Company did not sell any major assets during the reporting period.

2. Sales of major equity

□ Applicable□ Not applicable

19Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

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

□Applicable □ Not applicable

Main subsidiaries and joint-stock companies contributing over 10% to the Company's net profit

Unit: RMB

Company Compa Registere Operating Operating

Main business Total assets Net assets Net profit

name ny type d capital revenue profit

Jewelry

exhibition and

fair planning

Shenzhen

jewelry

Jewelry - -

Subsidi consignment 1000000 61941420. 35323933. 1798206.7

Industry 1333272.6 1333329.8

ary sales conference 00 30 52 2

Service 0 0

services and

Co. Ltd.jewelry

transaction

matchmaking

Sales of gold bars

and jewelry for

Guorun

investment gold - -

Gold Subsidi 2000000 46343495 19155285 70334772

recycling and 6586309.8 6510402.2

Shenzhen ary 00 1.36 8.08 7.65

gold 8 9

Co. Ltd.refining/exchange

services

Shenzhen Purchase sales

Tellus and leasing of

Treasury gold ornaments

Subsidi 5000000 99312662. 49068552. 3055603.8 1817694.7 1817694.8

Supply and precious

ary 0 05 27 8 2 3

Chain metal products

Tech Co. and warehousing

Ltd. services

Shenzhen

Property leasing

Zhongtian Subsidi 3662219 57814487 48283973 76360175. 57008660. 43921879.leasing of safe

Industry ary 00 7.23 2.34 62 06 47

deposit boxes

Co. Ltd.Shenzhen

Tellus

Subsidi 1896000 19666615 16569924 21731531. 24054726. 19722076.Shuibei Property leasing

ary 0 9.76 0.43 63 13 19

Jewelry

Co. Ltd.Shenzhen

Xinyongto

ng Motor

Subsidi 15582496. 9968854.2 3343780.1 2210704.3 2107872.5

Vehicle Property leasing 9607800

ary 86 5 8 4 3

Inspection

Equipment

Co. Ltd.Shenzhen

Tellus

Xinyongto

ng Subsidi 3290000 97652416. 78802082. 5696024.6 4061940.4 3077980.8

Property leasing

Automobil ary 0 28 26 4 0 9

Developm

ent Co.

20Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Ltd.Shenzhen

Tellus

Chuangyin Subsidi 3002501.7 1971279.3

Property leasing 1500000 0.00 11739.56 11425.24

g ary 7 0

Technolog

y Co. Ltd.Shenzhen

SDG Huari

Automobil Subsidi USD 23395402. 19772927. 3680164.1 2048191.2 2465381.4

Property leasing

e ary 5000000 67 66 5 2 3

Enterprise

Co. Ltd.Investment in

Shenzhen

Joint- industrial

Tellus-

stock development 5370496 35965718 13686007 66419256. 32688421. 24428065.Gmond

compa property 0 2.75 4.26 82 60 74

Investment

ny management and

Co. Ltd.leasing

Acquisition and disposal of subsidiaries during the reporting period

□ Applicable□ Not applicable

IX. Structured Entities Controlled by the Company

□ Applicable□ Not applicable

X. Risks Faced by the Company and Countermeasures

In the process of strategy implementation and project operation the Company will objectively and clearly

recognize the possible risks and take active and effective measures to prevent them.

1. Risk 1: Market price fluctuations

The Company's primary raw materials are gold and jewelry. In recent years fluctuations in international

and domestic economic conditions and changes in consumer demand have led to price fluctuations in gold and

other raw materials creating uncertainties for the Company's operations.Countermeasures: First the Company will continuously strengthen risk management and establish and

improve risk prevention and control mechanisms to ensure its compliance operation. Second it will firmly

advance its strategic transformation promote the implementation of transformation projects through digital

technology empowerment and innovative business models explore incremental markets expand business scale

and seek new profit growth points to enhance competitiveness and provide a solid foundation for long-term

stable development.

2. Risk 2: Insufficient talent team building

With the implementation of transformation projects and business expansion the current pool of

professionals in the jewelry industry cannot meet the Company's rapid development needs.

21Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Countermeasures: First the Company will accelerate the training of internal professionals through

industry research and learning and business practice. Second it will employ more business personnel with

experience in the jewelry industry to comprehensively improve the team's business capabilities from market

development to risk control management. Third it will obtain internal and external resources organize AI

courses and auctioneer training examinations drive the structural upgrade of employee professional capabilities

and provide a platform for employee growth.XI. Formulation and Implementation of Market Value Management System and Valuation

Enhancement Plan

Whether the Company has formulated a market value management system

□Yes□ No

Whether the Company has disclosed a valuation enhancement plan

□Yes□ No

XII. Implementation of the Action Plan for "Improvement in Quality and Return"

Whether the Company has disclosed an announcement on the Action Plan for "Improvement in Quality and Return"

□Yes□ No

22Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Section IV Corporate Governance Environment and Society

I. Change of the Directors Supervisors and Senior Executives of the Company

□Applicable □ Not applicable

Name Position Type Date Reason

Chairman of Board of

Guo Xiaodong Resigned January 1 2025 Retired

Supervisors

Yang Xi General Manager Appointed April 24 2025 Job transfer

Deputy General

Zhang Zheng Appointed April 24 2025 Job transfer

Manager

Yang Hong Employee Supervisor Elected April 21 2025 Job transfer

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

Period

□ Applicable□ Not applicable

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

year.III. 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.IV. Environmental Information Disclosure

Whether the listed company and its major subsidiaries are included in the list of enterprises that disclose environmental

information according to law

□Yes□ No

V. Social Responsibilities

The Company actively fulfills its social responsibilities and responds to the national poverty alleviation

policy and rural revitalization strategy. In the first half of 2025 the Company helped consolidate the

achievements in poverty alleviation and promote the development of rural industries by purchasing poverty

alleviation products worth RMB 62890. At the same time it continued to carry out volunteer services and

public welfare activities practice corporate responsibilities with practical actions and contribute to public

welfare.

23Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Section V Important Matters

I. Commitments Fulfilled and Unfulfilled by Actual Controllers Shareholders Related

Parties Purchasers and Other Relevant Parties During and at the End of the Reporting

Period

□Applicable □ Not applicable

Commitment Commitment Commitment Commitment Commitment

Commitment content Performance

cause party type time period

The Company will maintain the

independence of the listed

company and maintain personnel

independence institutional

independence financial

independence and asset integrity

with the listed company. The listed During the

company will still have period of

Shenzhen Ensure the independent operation ability being an

Investment independence independent procurement December indirect In

Holdings of listed production and sales system and 30 2022 controlling performance

Co. Ltd. companies independent intellectual property shareholder

rights. of the

In case of violation of the above Company

commitments the Company will

bear corresponding legal

responsibilities including but not

limited to compensation for all

losses caused to the listed

Commitment company.made in

acquisition 1. As of the signing date of this

report or Letter of Commitment the

report of Company and other enterprises

equity controlled by the Company have

change not engaged in business and

activities that are in direct

competition with or may constitute

direct competition with Tellus and

will not engage in business and During the

activities that are in direct period of

Shenzhen competition with or may constitute being an

Avoid

Investment direct competition with Tellus in December indirect In

horizontal

Holdings the future (except those arranged 30 2022 controlling performance

competition

Co. Ltd. based on Shenzhen SASAC or shareholder

similar government agencies); of the

2. During the period of being the Company

indirect controlling shareholder of

Tellus and during Tellus' listing on

the Shenzhen Stock Exchange the

Company will fully respect the

independent operation autonomy of

all subsidiaries controlled by the

Company and ensure that the

legitimate rights and interests of

24Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Tellus and its minority

shareholders will not be infringed;

3. The Company promises not to

seek illegitimate interests with the

status of controlling shareholder of

Tellus thus damaging the rights

and interests of Tellus and its

minority shareholders;

4. The Company promises not to

assist any party to engage in any

business activities that are in

substantial competition or potential

competition with the main 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 During the

with the provisions of laws period of

Shenzhen Reduce and regulations and other normative being an

Investment standardize documents; December indirect In

Holdings related party 2. The Company promises not to 30 2022 controlling performance

Co. Ltd. transactions use its position as a controlling shareholder

shareholder to urge the General of the

Meeting of Shareholders or the Company

Board of Directors of the listed

company to make resolutions that

infringe upon the legitimate rights

and interests of other shareholders

of the listed company;

3. The Company or its affiliated

companies will try to avoid related

party transactions with listed

companies. If it is inevitable to

have related party transactions with

listed companies the Company or

its affiliated companies will urge

the controlled entities to trade with

listed companies on an equal and

25Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

voluntary basis per fair reasonable

and normal commercial transaction

conditions;

4. The Company or its affiliated

companies will perform the

decision-making procedures of

related party transactions and the

corresponding information

disclosure obligations in strict

accordance with the Articles of

Association of the listed company

and relevant laws and regulations;

5. The Company or its affiliated

companies will ensure that they

will not seek special interests

beyond the above provisions

through related party transactions

with listed companies illegally

transfer the funds and profits of

listed companies through related

party transactions and maliciously

damage the legitimate rights and

interests of listed companies and

their 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.Commitment In the future the Company will

made during Shenzhen disclose relevant information

the initial Tellus regarding the progress of its new October 17 In

Others Long-term

public Holding Co. business in a timely accurate and 2014 performance

offering or Ltd. sufficient manner per relevant

refinancing requirements.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

Other Shenzhen 26 2014. The commitments are as

commitments Special follows:

made for Economic 1. The Company and other

Horizontal May 26 In

minority Zone enterprises controlled by the Long-term

competition 2014 performance

shareholders Development Company other than Tellus

of the Group Co. Holding are not engaged in

Company Ltd. business that is in substantial

competition with the main business

of Tellus Holding and there is no

horizontal competition relationship

with Tellus Holding;

2. The Company and other

enterprises controlled by the

26Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Company shall not directly or

indirectly engage in or participate

in any business that constitutes or

may constitute competition with

the main business of Tellus

Holding in any form;

3. If the Company and other

enterprises controlled by the

Company can engage in or

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 given priority

to Tellus Holding.From 2023 to 2025 the Company's

profits will be first used to cover

the losses of previous years. After

making up for the losses of

previous years on the premise that

the Company's profits and cash

flow meet the normal operation

Shenzhen

and long-term development of the

Other Tellus Dividend April 27 December In

Company the Company will

commitments Holding Co. commitment 2023 31 2025 performance

implement an active profit

Ltd.distribution method to reward

shareholders. For details please

refer to the Shareholder 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

Explanation

of the

situation

where

commitments N/A

are not

fulfilled

within the

deadline

27Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

II. Controlling Shareholder and Other Related Parties' Occupation of Non-operating Funds

of the Listed Company

□ Applicable□ Not applicable

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

within the reporting period of the Company.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 has not been audited.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 Related 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

Whether

Progress

Amount estimate Execution

of Litigation

Basic information of involved d of litigation Disclosur

litigation (arbitration) trial Disclosure index

litigation (arbitration) (RMB liabilities (arbitration) e date

(arbitratio results and impacts

10000) are judgment

formed

Land lease contract The second- The

2024 Annual

dispute (Tellus instance judgment execution

March Report of

Shuibei Jewelry 1403.76 No Closed supported some of was

28 2025 Securities Times

Company formerly the Company's completed.and CNINFO

Shenzhen claims. The

28Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Automobile Industry execution

and Trade Co. Ltd. is payment

the plaintiff) was RMB

7.294

million.The first instance

Project construction

supported some of

contract dispute

the plaintiff's

(Zhongtian Industrial 2024 Annual

claims in this

Company as the In March Report of

670.44 No lawsuit. The case is N/A

defendant in the progress 28 2025 Securities Times

currently in the

original claim and the and CNINFO

second instance

plaintiff in the

and has not yet

counterclaim)

been judged.The Company

Unjust enrichment Retrial appealed and the 2024 Annual

dispute (Tellus has been second-instance March Report of

175.94 No N/A

Holding as the applied judgment upheld 28 2025 Securities Times

plaintiff) for the first-instance and CNINFO

judgment.Other contentious matters

□ Applicable□ Not applicable

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 Shareholders and Actual

Controllers

□ Applicable□ Not applicable

XI. Major Related Party Transactions

1. Related party transactions concerning daily operations

□Applicable □ Not applicable

Settl

Appr

Pricin Price Amou Exce emen

Type Proporti oved Market

g of nt of ed t

Relat of Conten on to transa price of

princi related related the meth

Related ed- relate t of transacti ction availabl

ple of party party appr od of Discl Disclos

transact party d related on amou e similar

relate transac transa oved relate osure ure

ion relati party party amount nt transacti

d tion ction amo d date index

party onsh trans transac of the (RM on

party (RMB (RMB unt party

ip actio tion same B (RMB

transa 10000 1000 or trans

n kind 1000 10000)

ction ) 0) not actio

Shenzh Subs Daily Provid Mark Acco Marc Annou

en SDG idiar relate e et 23.18 23.18 0.09% 35 No rding 23.18 h 28 ncemen

Tellus y of d propert pricin to the 2025 t on

29Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

Propert contr party y g contr Daily

y ollin trans leasing act Related

Manage g actio service amou Party

ment share n s nt or Transa

Co. hold agree ctions

Ltd. er ment in 2025

Provid (Annou

Subs Acco

e nceme

idiar Daily rding

Shenzh propert nt No.:

y of relate to the

en SDG y Mark 2025-

contr d contr Marc

Microfi leasing et 010) of

ollin party 0.00 0.00 0.00% 150 No act 0.00 h 28

nance and pricin Securit

g trans amou 2025

Co. manag g ies

share actio nt or

Ltd. ement Times

hold n agree

service and

er ment

s CNINF

Provid O

Subs Acco

Shenzh e

idiar Daily rding

en SDG propert

y of relate to the

Service y Mark

contr d contr Marc

Co. leasing et

ollin party 0.00 0.00 0.00% 400 No act 0.00 h 28

Ltd. and pricin

g trans amou 2025

and its parkin g

share actio nt or

branche g

hold n agree

s service

er ment

The

Com

pany'

relat

natur

Acco

al Provid

Shenzh Daily rding

pers e

en relate to the

on broker Mark

Telixin d contr Marc

serve age et

g party 0.00 0 0.00% 60 No act 0.00 h 28

s as and pricin

Investm trans amou 2025

a agency g

ent Co. actio nt or

direc service

Ltd. n agree

tor s

ment

the

joint

stock

com

pany

Subs Acco

Shenzh

idiar Daily Accept rding

en SDG

y of relate engine to the

Engine Mark

contr d ering contr Marc

ering et

ollin party supervi 0.00 0.00 0.00% 160 No act 0.00 h 28

Manage pricin

g trans sion amou 2025

ment g

share actio service nt or

Co.hold n s agree

Ltd.er ment

Shenzh Subs Daily Accept Mark 1.89 1.89 100.00 1050 No Acco 1.89 Marc

30Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

en SDG idiar relate propert et % rding h 28

Service y of d y pricin to the 2025

Co. contr party manag g contr

Ltd. ollin trans ement act

and its g actio and amou

branche share n securit nt or

s hold y agree

er service ment

Shenzh Subs Acco

en SDG idiar Daily Accept rding

Tellus y of relate propert to the

Mark

Propert contr d y contr Marc

y ollin party manag 0.00 0.00 0.00% 690 No act 0.00 h 28

pricin

Manage g trans ement amou 2025

ment share actio service nt or

Co. hold n s agree

Ltd. er ment

Subs Acco

Shenzh

idiar Daily Accept rding

en SDG

y of relate propert to the

Buildin Mark

contr d y contr Marc

g et

ollin party manag 0.00 0.00 0.00% 50 No act 0.00 h 28

Techno pricin

g trans ement amou 2025

logy g

share actio service nt or

Co.hold n s agree

Ltd.er ment

Ente

rpris

Acco

Guoren contr

Daily rding

Propert olled

relate Accept to the

y & by Mark

d insuran contr Marc

Casualt indir et

party ce 2.17 2.17 62.56% 100 No act 2.17 h 28

y ect pricin

trans service amou 2025

Insuran contr g

actio s nt or

ce Co. ollin

n agree

Ltd. g

ment

hold

ers

Subs Acco

idiar Daily Accept rding

Shenzh

y of relate propert to the

en SDG Mark

contr d y contr Marc

Eastern et

ollin party manag 0.00 0 0.00% 50 No act 0.00 h 28

Service pricin

g trans ement amou 2025

Co. g

share actio service nt or

Ltd.hold n s agree

er ment

Total -- -- 27.24 -- 2745 -- -- -- -- --

Details of large-sum sales return N/A

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

31Full Text of the 2025 Semi-Annual Report of Shenzhen Tellus Holding Co. Ltd.

行情