WeigangEnvironmental Technology Holding Group Limited (Incorporated in the Cayman Islands with limited liability)(Stock Code: 1845) 202412 31 ANNOUNCEMENT OF THE ANNUALRESULTS FOR THE YEAR ENDED31 DECEMBER 2024 FINANCIAL HIGHLIGHTS For the year ended 31 December 2024, revenue of the Group amounted to RMB241.6 million,representing a decrease of 4.7% compared with the year ended 31 December 2023. 202412 31241.6202312 314.7% For the year ended 31 December 2024, gross profit of the Group amounted to RMB58.0 million (2023:RMB60.7 million).The Group’s gross profit margin for the year ended 31 December 2024 was 24.0%(2023:24.0%), which is stable as compared to the year ended 31 December 2023. 202412 3158.0202360.7202412 3124.0%202324%202312 31 For the year ended 31 December 2024, the Group recorded a net loss of RMB55.3 million, with a netloss margin of 22.9%, compared with a net loss of RMB1.3 million, with a net loss margin of 0.5%for the year ended 31 December 2023. 202312 311.30.5%2024123155.322.9% For the year ended 31 December 2024, loss attributable to owners of the Company was RMB48.6million, compared with profit attributable to owners of the Company amounted to RMB1.8 million forthe year ended 31 December 2023. 202312 311.82024123148.6 For the year ended 31 December 2024, basic loss per share attributable to owners of the Companyamounted to RMB0.036, compared with basic earnings per share attributable to owners of theCompany of RMB0.001 for the year ended 31 December 2023. 202312 310.001202412310.036 202412 312023 The board (the “Board”) of directors (the “Directors”)of Weigang Environmental Technology Holding GroupLimited (the “Company”, together with its subsidiariescollectivelyreferred to as the“Group”)herebyannounces the consolidated annual results of the Groupfor the year ended 31 December 2024 (the “ReportingPeriod”), together with comparative figures for thecorresponding year of 2023. In this announcement, “we”, “us” and “our” refer totheCompany and where the context otherwiserequires, the Group. CONSOLIDATEDSTATEMENT OF PROFITORLOS S A N D OTHER COMPREHENSIVEINCOMEFor the year ended 31 December 2024 (Expressed in Renminbi) C O N S O L I D A T E DS T A T E M E N T O FFINANCIAL POSITIONAs at 31 December 2024(Expressed in Renminbi) 202412 31 Property, plant and equipmentRight-of-use assetsIntangible assetsGoodwillDeferred tax assets Current assets Current liabilities Trade payablesOther payables and accruedexpensesAmounts due to non-controllingshareholders of subsidiariesContract liabilitiesLease liabilitiesBorrowingsIncome tax payables N O T E ST O T H E C O N S O L I D A T E DFINANCIAL STATEMENTS For the year ended 31 December 2024 202412 31 1. 1.GENERAL INFORMATION 20175 1820191 3 WeigangEnvironmental Technology Holding GroupLimited (the “Company”) was incorporated in the CaymanIslands on 18 May 2017 as an exempted company withlimited liability under the Companies Law of the CaymanIslands. The immediate holding company and the ultimateh o l d i n gc o m p a n y o f t h e C o m p a n y a r e W e i G a n gTechnologyLimited and Weigang Green TechnologyLimited (“Weigang Green”), respectively, both of whichwere incorporated in the British Virgin Islands (“BVI”).Weigang Green is wholly owned by Mr. Cai Zhuhua(“Mr. Cai”), the ultimate controlling shareholder of theCompany, who is also the chairman and executive directorof the Company. The shares of the Company have beenlisted on the Main Board of The Stock Exchange of HongKong Limited (the “Stock Exchange”) on 3 January 2019. The address of the registered office of the Company is 190Elgin Avenue, George Town, Grand Cayman, KY1-9008,Cayman Islands and the address of principal place ofbusiness of the Company is Unit 3904, 39/F, AIA Tower,183 Electric Road, North Point, Hong Kong. 1 9 0E l g i nAvenue, George Town, Grand Cayman, KY1-9008, Cayman Islands183393904 The consolidated financial statements are presented inRenminbi (“RMB”), which is also the functional currencyof the Company. 2. 2.APPLICATION OF NEW AND AMENDMENTS TOIFRS ACCOUNTING STANDARDS Amendments to IFRS Accounting Standards that aremandatorily effective for the current year In the current year, the Group has applied the followingamendments to IFRS Accounting Standards issued by theInternational Accounting Standard Board (“IASB”) for thefirst time, which are mandatorily effective for the Group’sannual periods beginning on or after 1 January 2024 for thepreparation of the consolidated financial statements: 20241 1 161177 Lease Liability in a Sale andLeasebackClassification of Liabilities asCurrent or NoncurrentNon-current Liabilities withCovenantsSupplier Finance Arrangements Amendments to IFRS 16Amendments to IAS 1Amendments to IAS 1Amendments to IAS 7and IFRS 7 Exceptas described below,the application of theamendments to IFRS Accounting Standards in the currentyear has had no material impact on the Group’s financialpositions and performance for the