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POSITIVE PROFIT ALERT

2024-07-09 00:00:00

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.(Incorporated in the Cayman Islands with limited liability) (Stock code: 580) POSITIVE PROFIT ALERT This announcement is made by Sun.King Technology Group Limited (the “Company” together with its subsidiaries the “Group”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).The board (the “Board”) of directors (the “Director(s)”) of the Company wishes to inform the shareholders of the Company and the potential investors of the following financial data of the Board’s preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2024 (the “Reporting Period”) based on the currently available information: 1. the Group expects the revenue for the Reporting Period to increase by not less than 40% as compared to the same period in 2023 and the increase in revenue is mainly due to the successive delivery of products of the three ultra-high voltage direct current transmission work projects of Ningxia-Hunan Jinshang-Hubei and Hami-Chongqing the offshore wind power project for BorWin6 of Germany and the Sichuan grid-building energy storage project; and 2. the Group expects to record a profit attributable to owners of the parent of approximately RMB30 million to RMB35 million during the Reporting Period which is a turnaround compared to the loss attributable to owners of the parent recorded in the same period in 2023 mainly due to (a) the significant increase in revenue during the Reporting Period; and (b) the increase in the proportion of revenue from high-margin products. This is the first time that the Company has recorded a profit attributable to owners of the parent since the same period in 2021. 1The information contained in this announcement is only based on the preliminary assessment by the Board which is based on the currently available information which have not been audited confirmed or reviewed by the auditors of the Company or the audit committee of the Board. The Group’s interim results for the six months ended 30 June 2024 are expected to be announced by the end of August 2024 in compliance with the Listing Rules.The shareholders of the Company and the potential investors should exercise caution when dealing in the shares of the Company.By Order of the Board Sun.King Technology Group Limited Xiang Jie Chairman Hong Kong 9 July 2024 As at the date of this announcement the executive Directors are Mr. Xiang Jie Mr. Gong Renyuan and Mr. Yue Zhoumin; the non-executive Director is Ms. Zhang Ling; and the independent non-executive Directors are Mr. Chen Shimin Mr. Zhang Xuejun Mr. Leung Ming Shu and Ms. White Caige. 2