Changchai Company Limited Interim Report 2024 (Summary)

Stock Code: 000570 200570 Stock Name: Changchai Changchai-B Announcement No. 2024-027

CHANGCHAI COMPANY LIMITED

INTERIM REPORT 2024 (SUMMARY)

Part I Important Notes

This Summary is based on the full Interim Report of Changchai Company Limited (together with its consolidated

subsidiaries the “Company” except where the context otherwise requires). In order for a full understanding of the

Company’s operating results financial condition and future development plans investors should carefully read

the aforesaid full text which has been disclosed together with this Summary on the media designated by the China

Securities Regulatory Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:

□ Applicable □ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable □ Not applicable

The Company has no interim dividend plan either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preference shareholders:

□ Applicable □ Not applicable

This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies

or misunderstandings between the two versions the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

Changchai

Stock name Stock code 000570 200570

Changchai-B

Stock exchange Shenzhen Stock Exchange

Contact information Board Secretary Securities Representative

Name He Jianjiang

123 Huaide Middle Road

Office address

Changzhou Jiangsu China

Tel. （86）519-68683155

E-mail address cchjj@changchai.com

1Changchai Company Limited Interim Report 2024 (Summary)

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes □ No

H1 2024 H1 2023 Change (%)

Operating revenue (RMB) 1495909152.63 1350517639.85 10.77%

Net profit attributable to the listed

50097655.15131937324.66-62.03%

company’s shareholders (RMB)

Net profit attributable to the listed

company’s shareholders before 59846264.97 5825543.98 927.31%

exceptional gains and losses (RMB)

Net cash generated from/used in operating

-161814513.00-104796816.75——

activities (RMB)

Basic earnings per share (RMB/share) 0.0710 0.1870 -62.03%

Diluted earnings per share (RMB/share) 0.0710 0.1870 -62.03%

Weighted average return on equity (%) 1.47% 3.93% -2.46%

30 June 2024 31 December 2023 Change (%)

Total assets (RMB) 5329179139.07 5159394958.92 3.29%

Equity attributable to the listed company’s

3372290234.403398946911.23-0.78%

shareholders (RMB)

3. Shareholders and Their Holdings as at the end of the Reporting Period

Unit: share

Number of preference

Number of ordinary shareholders 53323 shareholders with resumed 0

voting rights (if any)

Top 10 shareholders(excluding lending shares through refinancing)

Shares in

pledge

Name of Nature of Shareholding Restricted marked or

Number of shares

shareholder shareholder percentage shares frozen

Shar

Status

es

Changzhou

State-owned

Investment Group 32.26% 227663417 56818181

legal person

Co. Ltd

Domestic

Chen Jian natural 0.52% 3700000

person N/A 0

KGI ASIA Foreign 0

0.44%3101695

LIMITED legal person

Domestic

Song Yang natural 0.41% 2871100

person

2Changchai Company Limited Interim Report 2024 (Summary)

Domestic

Wu Chunhua natural 0.32% 2236500

person

Domestic

Chen Hengjun natural 0.23% 1649100

person

Domestic

Li Suinan natural 0.23% 1600300

person

Domestic

Zhang Wenbing natural 0.22% 1556700

person

Domestic

Huang Guoliang natural 0.22% 1528891

person

BARCLAYS Foreign

0.21%1490524

BANK PLC legal person

It is unknown whether there is among the top 10 public shareholders and

Related or acting-in-concert

the top 10 unrestricted public shareholders any related parties or acting-in-

parties among the shareholders

concert parties as defined in the Administrative Measures for Information

above

Regarding Shareholding Alteration.Shareholders involved in Shareholder Chen Jian and Wu Chunhua respectively held 3300000

securities margin trading (if any) shares and 2236500 shares in the Company through their credit accounts.

4. Change of the Controlling Shareholder and the De Facto Controller in the Reporting Period

Change of the controlling shareholder in the Reporting Period:

□ Applicable □ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the de facto controller in the Reporting Period:

□ Applicable □ Not applicable

The de facto controller remained the same in the Reporting Period.

5. Number of Preference Shareholders and Shareholdings of Top 10 of Them

□ Applicable □ Not applicable

No preference shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for Issue

□ Applicable □ Not applicable

3Changchai Company Limited Interim Report 2024 (Summary)

Part III Significant Events

1. Expropriation of the Wuxing branch company’s properties on state-owned land and compensation

On 25 May 2023 the Proposal on the Intention to Sign the Agreement on the Expropriation of the Properties of

the Wuxing Branch Company on State-owned Land in Changzhou City and the Compensation was approved at

the 17th Meeting of the Ninth Board of Directors. Later the said matter was approved at the First Extraordinary

General Meeting of Shareholders in 2023 dated 12 June 2023. As such the Company was agreed to sign a

contract with Changzhou Zhonglou District Housing and Urban-Rural Development Bureau on the

expropriation of the Wuxing branch company’s properties on state-owned land and the compensation with the

contractual total compensation amount being RMB117 million. On 14 June 2023 the Company signed the

Agreement on the Expropriation of the Properties of the Wuxing Branch Company on State-owned Land in

Changzhou City and the Compensation with Changzhou Zhonglou District Housing and Urban-Rural

Development Bureau and received the first compensation payment of RMB70 million on 28 June 2023 and

received the residual compensation payment of RMB47 million on 9 January 2024.

2. Housing expropriation on state-owned land and compensation of Sanjing Branch

On 27 October 2023 the Company held the Third Meeting of the Tenth Board of Directors deliberating on and

approving the Proposal on Signing the Sanjing Branch's Agreement on Non-residential Housing Expropriation

and Compensation in Xinbei District Changzhou City. The matter was approved at the third extraordinary

general meeting on 14 November 2023 approving that the Company would sign agreement with the Housing

and Urban-Rural Development Bureau of Changzhou National High-tech Industrial Development Zone and the

Housing Expropriation and Compensation Service Centre of Sanjing Street Xinbei District Changzhou City

regarding the housing expropriation on state-owned land and compensation of the Sanjing Branch. The total

compensation amount under the agreement was RMB99929900. On 29 November 2023 the Company signed

the Agreement on Non-residential Housing Expropriation and Compensation with the Housing and Urban-Rural

Development Bureau of Changzhou National High-tech Industrial Development Zone and the Housing

Expropriation and Compensation Service Centre of Sanjing Street Xinbei District Changzhou City. As of the

Reporting Period the Company received the first compensation of RMB30 million.

3. Change of accounting firm appointed by the Company

On 7 December 2024 the Proposal on the Appointment of the Financial Audit Institution for 2024 and Its Audit

Expenses and the Proposal on the Appointment of the Internal Control Audit Institution for 2024 and Its Audit

Expenses were approved at the second interim meeting of the Board of Directors in 2024. Later the said matter

was approved at the First Extraordinary General Meeting of Shareholders in 2024 dated 30 July 2024. As such

the Company agreed to appoint Zhongxinghua Certified Pubic Accounts LLP (Special General Partnership) as

the auditor of the Company's finance and internal control in 2024 with the expenses for financial audit and

internal control audit being RMB600000 and RMB135000 respectively.

4. Acquisition of 25% of the equity interest in Horizon Agricultural Equipment

In June 2024 the Company acquired 25% of the equity interest in Horizon Agricultural Equipment held by

Horizon Investment and the Company now directly holds 100% of the equity interest in Horizon Agricultural

Equipment.

4