SF Holding has released its 2025 Annual Report and published the agenda for its AGM scheduled for 8 May 2026 in Shenzhen.

Key 2025 Financials • Revenue rose 8.40% year-on-year to RMB 308.23 billion, topping the RMB 300 billion mark for the first time. • Net profit attributable to shareholders increased 9.30% to RMB 11.12 billion.

Dividend Proposal • The Board recommends a cash dividend of RMB 4.30 per 10 shares, payable in RMB for A-share holders and in HKD for H-share holders, using the PBoC five-day average exchange rate before the AGM. The H-share record date is 18 May 2026.

Enhanced Share Repurchase Plan • The first A-share buy-back, launched in April 2025, has been upsized from “RMB 1.50 billion-3.00 billion” to “RMB 3.00 billion-6.00 billion”. • Repurchase period extended to 12 months from Board approval; purpose changed from employee incentives to full cancellation and share-capital reduction, pending shareholder approval.

Capital Mandates up for Renewal • Issuance Mandate: Board may issue up to 10% of total issued shares (excluding treasury shares) in H-shares and related securities during the mandate period. • Repurchase Mandate: Board may buy back up to 10% of issued H-shares (excluding treasury shares). • Debt Financing: Existing RMB 15 billion quota for subsidiary-level bond issuance amended to allow the parent company or any overseas wholly-owned unit to issue; Company guarantee limit retained at RMB 5 billion.

Three-Year Connected-Transaction Caps (2026-2028) The Group seeks approval for new annual ceilings with Mingde Group and Hive Box Group: 1. Comprehensive services to related parties: RMB 152.00 million / 203.00 million / 244.00 million. 2. Integrated logistics services to related parties: RMB 2.22 billion / 2.52 billion / 2.83 billion. 3. Procurement of goods and services from related parties: RMB 1.12 billion / 1.42 billion / 1.63 billion. 4. Additional railway-freight services from CR-SF: RMB 800.00 million / 1.00 billion / 1.25 billion.

Guarantee Limit for 2026 • Aggregate ceiling of RMB 46 billion for guarantees to subsidiaries, with execution authority delegated to the finance head.

Other AGM Items • Re-appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as domestic and overseas auditors for 2026. • Board authorised to determine a 2026 interim dividend subject to half-year profit. • Routine renewal of governance policies and election of new board members completed in December 2025.

Shareholder Timetable • AGM voting entitlement record date: 8 May 2026 (H-share register closes 5–8 May). • Final-dividend record date: 18 May 2026 (H-share register closes 14–18 May).

SF Holding emphasises continued focus on digital-intelligence logistics, supply-chain integration and Asia-centric global expansion while reinforcing disciplined capital management through enhanced buy-backs and refreshed financial mandates.