Aeon信贷（00900）：持续信用卡业务势头，利润杠杆

Committed to Environment ASCA has made good progress in reducing the intensity of GHG emissions,energy consumption and waste management. Energy Saving and Emissions Reduction-The company has adopted variousmeasures to save energy and reduce emissions and encouraged employees tojoin in reducing energy usein the office. Office areas are set at a comfortabletemperature and LED lighting was installed during renovation at branches tofurtherreduce electricity consumption.In FY2/25,the total electricityconsumptionwas controlled at about 1,188mWh,with an energyconsumption intensity of 14.90 kWh/sq ft. Use of Resources-ACSA persists in its efforts to achieve paperless operationto reduce unnecessary paper use. During FY2/23, a new online workflowsystem on payment process and online learning management system werelaunched. It also adopted electronic signatures to help reducing paperconsumption. From June 2021, customers are encouraged to switch toelectronic statements asa fee will be charged for physical statements. Duringthe period, about 88% of its customer statements were sent via electronicchannels, representing some1% YoY increase in electronic statement. Waste Reduction-The company has implemented a number of measures topromote reuse and recycling. In FY2/25,1.20 tonnes of printing paperwassuccessfully recycled. The company will continue to study and analyse internalwaste and to increase the recycling rate. The aim is to reduceprinting paperusage by 8%byFY2027/28. Disclaimer Thisreport is commissioned and compensated by Aeon (900.hk) This document is not an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The securitiesreferred to in this document may not be eligiblefor sale in some jurisdiction. Neither this document nor any portion hereof may betaken distributed or transmitted directly or indirectly into such jurisdiction nor toany resident thereof. Any failure to comply with this restriction may constitute a violation of the applicable laws and regulations and persons into whose possessionthis document comes should inform themselves about, and observe, any such restrictions. This document has been produced for private circulation and may not becopied, photocopied, duplicated, or redistributed without prior written consent of Kingsway Financial Services Group Limited (“KFS”) and its affiliated companies(collectively, “Kingsway Group”). This report is distributed in Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”) by KFSwhich is registered as a licensedcorporation under the Securities and Futures Ordinance (Cap.571 of The Laws of Hong Kong) with the Securities and Futures Commission of Hong Kong (“SFC”) andits SFC CE number is ADF346. The information contained in this report has been taken from sources believed to be reliable but no representation or warranty expressed or implied is made as totheir accuracy or correctness. This report is published for the assistance of recipients but is not to be relied upon as authoritative or taken in substitution for theexercise of judgment by any recipient. It is not to be construed as an offer, invitation or solicitation to buy or sell any securities of the company or companies coveredherein. Anyrecommendation contained in this report does not have regard to the specific investment objectives, financial situation and the particular needs of anyspecific addressee. All opinions and estimates reflect our judgment on the date of this report and aresubject to change without notice. KFS, including its parent, subsidiaries and/or affiliates, may act as lead or co-manager in an offering of the securities of any issuer discussed herein, may from time totime perform financial services or other advisory services for, or solicit financialservices or other business from, any issuer. Within the past year, KFS, including its parent, subsidiaries and/or affiliates, may have acted as market maker or traded ona principal basis in the financial instrumentsof any issuer discussed herein and may act as underwriter, placement agent, advisoror lender to such issuer. KFS, including its parent, subsidiaries, affiliates, shareholders, officers, directors, and employees may have long or shortpositions in, and buy or sell, the securities,commodities or derivatives (including options) or any other financial instruments thereof, of any issuers. An employee of KFS, including its parent, subsidiaries and/or affiliates, may act as director, or be represented on the boards of directors, of any such entities orissuers. Additional information is available upon request. Copyright 2025Kingsway Group. All rights reserved. Head Office Affiliated & Overseas Offices ChinaKingsway Financial Services Group LimitedBeijing Representative Office Hong KongKingsway Financial ServicesGroup Limited7/F, Tower One, Lippo Centre,89 Queensway, Hong KongTel: 852-2877-7000Fax: 852-2877-2665 CanadaKingsway Capital of Canada Inc.,8 King