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ESTIMATED INTERIM RESULTS FOR THE YEAR 2024

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. (Formerly known as “LUOYANG GLASS COMPANY LIMITED 洛阳玻璃股份有限公司”) (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock code: 01108) ESTIMATED INTERIM RESULTS FOR THE YEAR 2024 The board (the “Board”) of directors (the “Directors”) of Triumph New Energy Company Limited (the “Company”) and each of the Directors warrant that this announcement does not contain any false information misleading statements or material omissions and accept several and joint responsibilities for the truthfulness accuracy and completeness of the contents thereof.This announcement is made 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 under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).IMPORTANT NOTICE: * Specific application of estimated results: negative net profit.* The net profit attributable to the shareholders of the Company for the six months ended 30 June 2024 is expected to range from RMB-57.29 to -46.70 million representing a year-on-year decrease of approximately 145 to 137%.* The net profit attributable to the shareholders of the Company after deducting non-recurring profit or loss for the six months ended 30 June 2024 is expected to range from RMB-69.38 to -58.78 million representing a year-on-year decrease of approximately 357 to 317%.– 1 –I. ESTIMATED RESULTS FOR THE CURRENT PERIOD (I) Period to which the estimated results apply 1 January 2024 to 30 June 2024. (II) Estimated Results 1. Based on the preliminary calculation by the finance department the realized net profit attributable to the shareholders of the Company for the six months ended 30 June 2024 is expected to range from RMB-57.29 to -46.70 million representing a loss as compared with the corresponding period last year. 2. The net profit attributable to the shareholders of the Company after deducting non-recurring profit or loss is expected to range from RMB- 69.38 to -58.78 million. 3. The estimated results for the current period have not been audited by the certified accountants.II. OPERATING RESULTS AND FINANCIAL POSITION FOR THE CORRESPONDING PERIOD LAST YEAR (I) Total profit: RMB166.92 million. The net profit attributable to the shareholders of the Company: RMB128.74 mil l ion. The net profi t attributable to the shareholders of the Company after deducting non- recurring profit or loss: RMB27.10 million.(II) Earnings per share: RMB0.20.III. MAIN REASONS FOR THE ESTIMATED LOSS IN RESULTS FOR THE CURRENT PERIOD The estimated year-on-year decrease in the net profit attributable to the shareholders of the Company and the net profit attributable to the shareholders of the Company after deducting non-recurring profit or loss was mainly due to the continuous decline in the price of photovoltaic glass and the decrease in the Company’s overall gross profit margin for sales resulting from changes in the overall supply and demand in the market.– 2 –IV. RISK WARNING There are no significant uncertainties of the Company which may affect the accuracy of the estimated results.V. OTHER INFORMATION The above estimated figures are preliminary accounting data only. Investors should refer to the audited 2024 interim report to be formally announced by the Company for specific and accurate financial data of the Company. Investors are advised to exercise caution when dealing in the shares of the Company.By order of the Board Triumph New Energy Company Limited Xie Jun Chairman Luoyang the PRC 9 July 2024 As at the date of this announcement the Board comprises four executive Directors: Mr. Xie Jun Mr. Zhang Rong Mr. He Qingbo and Ms. Wang Leilei; three non- executive Directors: Mr. Zhang Chong Mr. Sun Shizhong and Dr. Pan Jingong; and four independent non-executive Directors: Ms. Zhang Yajuan Mr. Chen Qisuo Mr.Fan Baoqun and Ms. Yuan Jian.–3–