Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.Stock code: 000058 200058 Stock abbreviation: SHEN SEG A SHEN SEG B Notice No.: 2025-015

Abstract of 2024 Annual Report of

Shenzhen SEG Co. Ltd.I. Important Notice

The abstract of 2024 Annual Report is excerpted from the full text of 2024 Annual Report. For more details about the

operating result financial condition and future development planning investors shall read carefully the said full text published on

the designated media by China Securities Regulatory Commission (CSRC).All directors of the Company attended the Board meeting on which this report was reviewed.Notice of non-standard audit opinions

□ Applicable □Not applicable

Proposal for profit distribution of common shares or proposal for transfer of capital reserves into share capital during the

reporting period deliberated by the Board of Directors

□Applicable □ Not applicable

Whether capital reserve is transferred into share capital

□ Yes □No

The Board meeting has deliberated and approved the following profit distribution proposal: Distribute a cash dividend of

RMB0.1250 (tax inclusive) for every 10 shares to all shareholders based on a total share capital of 1231200672 shares; no bonus

shares will be issued and no capital reserve will be converted into share capital.Proposal for profit distribution of preferred shares in the reporting period adopted in the resolution of the Board of Directors

□ Applicable □Not applicable

II. Company Profile

1. Basic Information

Stock abbreviation SHEN SEG SHEN SEG B Stock code 000058 200058

Stock exchange on which the

Shenzhen Stock Exchange

shares are listed

Stock abbreviation before

None

change (if any)

Contact person and contact

Board Secretary Representative of Securities Affairs

information

Name Xiao Jun Xiang Qianqian

31/F Tower A Stars Plaza Huaqiang Road 31/F Tower A Stars Plaza Huaqiang Road

Office address

(N) Futian District Shenzhen (N) Futian District Shenzhen

Fax 0755-83975237 0755-83975237

Tel 0755-83747939 0755-83741808

Email segcl@segcl.com.cn xiangqq@segcl.com.cn

1Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

2. Profile of Main Business or Products During the Reporting Period

Main businesses of the Company included electronic market circulation business centered on electronic specialized market

and communication market and the urban services with property operation and management services as the core the new energy

business centered on photovoltaic power generation integrated energy management and photovoltaic building integration and the

inspection testing and certification business centered on the research and development production and manufacturing of test

equipment as well as environmental and reliability comprehensive testing services.In 2024 Adhering to the "14th Five-Year Plan" development strategy as the guide the Company continued to consolidate and

develop the two major installed businesses of electronic market circulation + property management and urban services while

focusing on the two core incremental businesses of new energy applications + research and development manufacturing and

services of testing equipment. It has built an industrial operation headquarters with strong resource integration and control

capabilities thus laying the foundation for the development of strategic emerging industries and gradually releasing the brand and

service advantages of Shenzhen SEG. By continuously optimizing internal management tapping potential and increasing

effectiveness improving operating efficiency and consolidating the advantages of the main business the Company has deepened

brand building and achieved high-quality development.

(1) Electronic market circulation

The Company's electronic market circulation business covers two major brands SEG E-Market and SEG Communication

Market. Under this business model the Company controlled held held the shares of and operated under authorization more than

20 companies. Wherein the Company mainly held the following electronic markets: Shenzhen SEG E-Market SEG

Communication Market Longgang SEG Shunde SEG Changsha SEG Wujiang SEG Xi'an SEG Xi'an Hairong SEG etc.During the reporting period the Company continued to strengthen and steadily implemented the "e-market +" strategic plan.Firstly by optimizing the market business environment strengthening differentiated and refined management and improving

service quality the Company continuously improved the soft power and added value of the markets enhanced merchant stickiness

to stabilized the merchant base and consolidated the installed business. Secondly the Company continued to deepen the

advantageous formats of markets and give play to the agglomeration effect of formats in subdivided fields so as to create a

professional and concentrated distribution center for electronic and supporting products and consolidate its position in the industry.Thirdly the Company continuously paid attention to industry development trends and hot spots grasped market demands adjusted

business strategies in a timely manner optimized the structure and layout of store formats and cultivated new formats to adapt to

the ever-changing market environment. This will help promote market transformation and development and achieve efficiency

improvement.

(2) Property management and urban services

During the reporting period the Company insisted on being customer-centric striving to meet the needs and improve the

satisfaction of customers and continuously consolidating advantageous areas and core competitiveness. Firstly the Company built

a high-quality service standard system. After deeply understanding customer needs and expectations the Company designed

service products optimized service content improved service quality launched special services and enhanced customer

experience striving to provide customers with customized property management services and create benchmark demonstration

projects. Secondly the Company gave full play to own resources and brand advantages flexibly responded to market changes

coordinated internally and externally and expanded new formats such as urban renewal commercial complex renovation tourist

attractions and rail transit. Thirdly the Company followed the market development trend seized policy opportunities and carried

out value-added services such as installing elevators and renovating old residential areas. It continued to expand business

boundaries build a diversified profit model and enhance risk resistance. Fourthly the Company insisted on innovative

development introduced smart property solutions created smart property demonstration projects and made property services

smarter and more efficient.

(3) New energy

During the reporting period the Company while being deeply rooted in Shenzhen radiated across the country and deeply

cultivated the regional markets of South China Northeast China North China and East China. It steadily promoted the grid-

2Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

connected power generation of photovoltaic projects ensured the stable operation of the business and increased the investment

and development of distributed photovoltaic power stations. Moreover the Company promoted the implementation of application

fields such as energy storage power stations and charging piles and achieved significant benefits in reducing costs and increasing

efficiency for customers saving energy and reducing emissions obtaining carbon indicators and creating low-carbon parks. At the

same time the Company continued to strengthen technological innovation increased R&D investment developed comprehensive

energy management systems and accelerated the implementation of projects such as energy storage power stations and charging

piles. In addition the Company actively expanded the Building Integrated Photovoltaics (BIPV) business combining photovoltaic

modules with building structures to create green building solutions and thus helping the construction industry achieve low-carbon

transformation.

(4) Inspection & testing certification

During the reporting period the Company has formed an overall layout of one headquarters four bases and more than ten

branches. It established production bases for mechanical environmental testing equipment climate environmental testing

equipment and comprehensive environmental testing equipment in Suzhou and Chengdu. The products were widely used in

national key laboratories and laboratories in various fields. The Company set up third-party professional laboratories in Suzhou

and Shanghai which had CNAS CMA and other qualifications and provided customers with services such as climate

environmental testing mechanical environmental testing structural strength testing reliability testing and analysis. The

Company's business covered rail transit ships engineering machinery nuclear power wind power generation and other fields

providing high-quality services to customers including scientific research institutes enterprises institutions and universities.

3. Main Accounting Data and Financial Indexes

(1) Main accounting data and financial indexes in recent three years

Whether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years

□ Yes □No

Unit: RMB/yuan

Changes over end of

End of 2024 End of 2023 End of 2022

last year

Total assets 5065402435.76 5380146949.27 -5.85% 5318741351.95

Net assets attributable to

shareholders of the listed 2007073603.17 2006490243.66 0.03% 1928217155.45

company

Changes over last

202420232022

year

Revenue 1711470295.10 1949065511.09 -12.19% 1828803853.48

Net profit attributable to

shareholders of the listed 37561269.90 90467495.89 -58.48% 15776322.05

company

Net profit attributable to

shareholders of the listed

company after deducting 24402351.04 -77117634.13 131.64% -31661979.02

non-recurring profit and

loss

Net cash flows from

239470643.15362448784.71-33.93%222483347.29

operating activities

Basic earnings per share

0.03050.0735-58.50%0.0128

(Yuan/share)

Diluted earnings per share 0.0305 0.0735 -58.50% 0.0128

3Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

(Yuan/share)

Weighted average ROE 1.87% 4.60% -2.73% 0.81%

(2) Main accounting data by quarter

Unit: RMB/yuan

Q1 Q2 Q3 Q4

Revenue 414161145.61 387902037.74 441574388.36 467832723.39

Net profit attributable to

24867650.3126062071.76-12803265.02-565187.15

shareholders of the listed company

Net profit attributable to

shareholders of the listed company

24648777.2928111955.71-11396664.68-16961717.28

after deducting non-recurring profit

and loss

Net cash flows from operating

-42261121.3578521155.2319855191.80183355417.47

activities

Whether there are significant differences between the above-mentioned financial indicators or its total number and the relevant

financial indicators disclosed in the Company’s quarterly reports and semi-annual report

□ Yes □No

4. Shareholders and Shareholder Information

(1) Total number of ordinary shareholders number of preferred shareholders whose voting rights were resumed and

shareholdings of top 10 shareholders

Unit: share

Total

number of

Total ordinary Total number of

number of shareholders preferred Total number of preferred

ordinary at the end of shareholders shareholders whose voting

shareholder the month whose voting rights were resumed at the end

678627108800

s at the end preceding rights were of the month preceding the

of the the resumed at the disclosure date of the annual

reporting disclosure end of the report

period date of the reporting period

annual

report

Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)

Pledged marked or

Shareholdin

Name of Nature of Number of restricted frozen

g percentage Number of shares

shareholder shareholder shares

(%) NumbShare status

er

Shenzhen

State-owned Not

SEG Group 56.54% 696163182 0 0

legal person applicable

Co. Ltd.Hong Kong

Securities Foreign legal Not

0.71%870139600

Clearing person applicable

Co. Ltd.LISHERY Foreign

Not

NZHANMI natural 0.65% 8031115 0 0

applicable

NG person

4Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

Domestic

Liu Not

natural 0.62% 7612602 0 0

Guocheng applicable

person

Domestic

Liu Not

natural 0.31% 3861446 0 0

Guohong applicable

person

Foreign

Gong Not

natural 0.24% 2940000 0 0

Qianhua applicable

person

China

Merchants

Bank —

Southern

Not

Asset Others 0.20% 2442200 0 0

applicable

Manageme

nt CSI

Smallcap

1000 ETF

Domestic

Lu Not

natural 0.18% 2207200 0 0

Xiaowang applicable

person

Domestic

Wang Not

natural 0.17% 2100000 0 0

Jinjun applicable

person

Domestic

Xu Not

natural 0.16% 2006900 0 0

Yueying applicable

person

Description on the related

There is no related party relationship between SEG Group and other shareholders nor are they

relationship or persons

persons acting in concert as stipulated in the Administrative Measures on Acquisition of Listed

acting-in-concert

Companies. It is unknown to the Company whether other shareholders are related parties or

arrangements among the

persons acting in concert.above shareholders

Description on the

shareholders’ participation

in margin trading and None

securities lending business

(if any)

Participation of margin securities loan by shareholders holding more than 5% of total shares top 10 shareholders and top 10

shareholders without selling restrictions

□Applicable □ Not applicable

5Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

Unit: share

Participation of margin securities loan by shareholders holding more than 5% of total shares top 10 shareholders and top 10

shareholders without selling restrictions

Number of shares

Number of shares lent

Number of shares held Number of shares held lent through margin

through margin

through ordinary account through ordinary account securities loan and

securities loan and not

and credit account at the and credit account at the not yet returned at

Name of yet returned at the beginning of the period end of the period the end of the

shareholder (full beginning of the period period

name)

Proportion Proportion Proportion Proportion

to total to total to total to total

Total Total Total Total

share share share share

capital capital capital capital

China Merchants

Bank — Southern

Asset Management 335900 0.03% 90500 0.01% 2442200 0.20% 0 0.00%

CSI Smallcap 1000

ETF

Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or

return of shares lent through margin securities loan

□Applicable □ Not applicable

Unit: share

Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or

return of shares lent through margin securities loan

Number of shares held in

Number of shares lent through

shareholders’ general accounts

margin securities loan and not yet

New and credit accounts and shares returned at the end of the period

entry/withdrawal lent through margin securities

Name of shareholder (full name) and not yet returned at the end of

in the current loan and not yet returned at the

the period

period end of the period

Proportion to total Proportion to total

Total Total

share capital share capital

China International Capital

Withdrawal 0 0.00% 407822 0.03%

Corporation Limited

(2) Number of Preferred Shareholders and Shares Held by Top 10 Preferred Shareholders

□ Applicable □Not applicable

In the reporting period no shareholders held preferred shares.

6Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

(3) Diagram on equity and control relationship between the Company and actual controllers

100%100%

100%

0.46%38.10%26.12%13.72%9.80%7.51%4.29%

56.54%

5. Bonds in Existence as of the Approval Date of the Semi-Annual Report

□ Applicable □Not applicable

III. Important Events

Overview Date of disclosure Query index on the website where the report is disclosed

Notice on the Resolution of the 49th Interim Meeting of the 8th Board of Directors

January 06 2024 Revision Draft of the Articles of Association and Revision Comparison Table for the

1. Amendment of the Articles of Association released on CNINFO (http://www.cninfo.com.cn/)

Articles of Association

Notice on the Resolution of the 1st Interim General Meeting in 2024 and Articles of

January 23 2024 Association released on CNINFO (http://www.cninfo.com.cn/)

Notice on the By-Election of Independent Directors of the Company Notice on the

Resolution of the 50th Interim Meeting of the 8th Board of Directors Statement and

January 20 2024 Commitment of the Nominated Independent Director and Statement and

2. By-election of the Commitment of the Independent Director Candidate released on CNINFO

Company's independent (http://www.cninfo.com.cn/)

directors

Notice on the Resolution of the 2nd Interim General Meeting in 2024 released on February 07 2024

CNINFO (http://www.cninfo.com.cn/)

Notice on the Resolution of the 50th Interim Meeting of the 8th Board of Directors

January 20 2024 and Guarantee Management Measures released on CNINFO

3. Revision of the (http://www.cninfo.com.cn/)

Guarantee Management

Measures Notice on the Resolution of the 2nd Interim General Meeting in 2024 and

February 07 2024 Guarantee Management Measures released on CNINFO

(http://www.cninfo.com.cn/)

4. Performance

January 27 2024 Performance Forecast for 2023 released on CNINFO (http://www.cninfo.com.cn/) Forecast for 2023

Notice on Purchasing Wealth Management Products with Own Idle Funds released March 29 2024

5. Purchase of wealth on CNINFO (http://www.cninfo.com.cn/)

management products

with own idle funds

Notice on the Resolution of the 29th (2023) Shareholders General Meeting released April 20 2024

on CNINFO (http://www.cninfo.com.cn/)

7Abstract of 2024 Annual Report of Shenzhen SEG Co. Ltd.

Notice on the Company's Provision for Impairment of Various Assets for 2023 March 29 2024

6. Asset impairment released on CNINFO (http://www.cninfo.com.cn/)

provision for 2023

Notice on the Resolution of the 29th (2023) Shareholders General Meeting released April 20 2024

on CNINFO (http://www.cninfo.com.cn/)

Notice on the Resolution of the 10th Meeting of the 8th Board of Directors and

March 29 2024 Notice on the Resolution of the 10th Meeting of the 8th Board of Supervisors

released on CNINFO (http://www.cninfo.com.cn/)

7. Equity distribution

Notice on the Resolution of the 29th (2023) Shareholders General Meeting released for 2023 April 20 2024 on CNINFO (http://www.cninfo.com.cn/)

Notice on the Implementation of the 2023 Annual Equity Distribution released on

May 11 2024

CNINFO (http://www.cninfo.com.cn/)

8. Adjustment to

members of the special Notice on the Resolution of the 51st Interim Meeting of the 8th Board of Directors April 26 2024

committees of the released on CNINFO (http://www.cninfo.com.cn/)

Board

9. Semi-annual

Semi-annual Performance Forecast for 2024 released on CNINFO Performance Forecast July 10 2024

(http://www.cninfo.com.cn/) for 2024

Notice on Resolutions of the 11th Meeting of 8th BOD and the Announcement on

August 28 2024 the Continued Engagement of the Auditing Agency in 2024 released on CNINFO

10. Continued (http://www.cninfo.com.cn/)

engagement of the

auditing agency in 2024

Notice on Resolution of the 3rd Interim General Meeting in 2024 released on September 14 2024

CNINFO (http://www.cninfo.com.cn/)

Notice on the Resolution of the 11th Meeting of the 8th Board of Directors and

11. Purchase of liability August 28 2024 Notice on the Purchase of Liability Insurance for Directors Supervisor and Senior

insurance for directors Executives released on CNINFO (http://www.cninfo.com.cn/)

supervisors and senior

Notice on Resolution of the 3rd Interim General Meeting in 2024 released on executives September 14 2024

CNINFO (http://www.cninfo.com.cn/)

Notice on Abnormal Fluctuations in Stock Trading released on CNINFO September 05 2024

(http://www.cninfo.com.cn/)

Notice on Abnormal Fluctuations in Stock Trading released on CNINFO September 13 2024

(http://www.cninfo.com.cn/)

12. Abnormal

Notice on Abnormal Fluctuations in Stock Trading released on CNINFO

fluctuations in stock October 29 2024

(http://www.cninfo.com.cn/)

trading

Notice on Abnormal Fluctuations in Stock Trading released on CNINFO October 31 2024

(http://www.cninfo.com.cn/)

Notice on Abnormal Fluctuations in Stock Trading released on CNINFO November 06 2024

(http://www.cninfo.com.cn/)

Notice on the Resolution of the 13th Meeting of the 8th Board of Directors Notice

on the Resolution of the 12th Meeting of the 8th Board of Supervisors and Notice October 30 2024

13. Asset impairment on Asset Impairment Provision for the First Three Quarters of 2024 released on

provision for the first CNINFO (http://www.cninfo.com.cn/)

three quarters of 2024

Notice on the Resolution of the 4th Interim General Meeting in 2024 released on December 21 2024

CNINFO (http://www.cninfo.com.cn/)

14. Replacement of the

Notice on Replacing the Financial Advisor for Continuous Supervision released on

financial advisor for November 16 2024

CNINFO (http://www.cninfo.com.cn/) continuous supervision

Notice on Participating in the Collective Reception Day for Listed Companies in 15. Collective reception December 07 2024

Shenzhen in 2024 released on CNINFO (http://www.cninfo.com.cn/)

day for listed

companies in Shenzhen

Investor Relations Activity Record Sheet on December 12 2024 released on in 2024 December 12 2024 CNINFO (http://www.cninfo.com.cn/)

8