China Silver Group announced that compared to the net profit attributable to owners of approximately RMB 10 million in 2024, the Group expects to achieve a net profit attributable to owners of RMB 570 million to RMB 600 million for the 2025 fiscal year. After excluding the impact of expenses related to employee share options and awards mentioned below, the Group anticipates a net profit attributable to owners of RMB 621 million to RMB 651 million for the 2025 fiscal year.

The expected year-on-year increase in net profit is primarily due to the following factors: (i) For the Group's manufacturing business, despite a decrease in sales volume and revenue for the 2025 fiscal year, the net profit margin improved due to higher silver prices in 2025 compared to 2024, leading to an increase in this segment's net profit. (ii) The Group's new retail jewelry business, operated by its former non-wholly owned subsidiary, Everest Gold Group Limited, which is no longer a subsidiary, recorded a significant rise in sales revenue from gold and silver products in the 2025 fiscal year. As most of the gold products sold by this segment in 2025 were from inventory procured at lower costs, coupled with a notable increase in gold prices during the year, the segment's gross margin expanded substantially, boosting overall gross profit. Consequently, the segment's net profit for 2025 is expected to rise significantly compared to 2024. (iii) The Company completed the deemed disposal of Everest Gold on December 31, 2025, generating a gain of approximately RMB 537 million for the Group. (iv) The Group completed the sale of its fresh food retail business, previously operated by its former non-wholly owned subsidiary Everest Gold, on January 13, 2025, resulting in a gain of about RMB 11 million for the Group after distributing related gains to non-controlling interests.

These factors were partially offset by: (v) An expense of approximately RMB 28 million incurred by the Group in the 2025 fiscal year due to share awards granted to employees, recognized at the fair value of the awarded shares based on the Company's share price on the grant date. (vi) An expense of around RMB 23 million incurred by the Group in the 2025 fiscal year related to share options granted by Everest Gold to its employees, recognized at the fair value of the options granted and after allocating related expenses to non-controlling interests.