(Incorporated in the Cayman Islands with limited liability)(formerly known asChina Jicheng Holdings Limited)(Stock Code1027) A n n u a l R e p o r t2025年報 CONTENTS CORPORATE INFORMATION BOARD OF DIRECTORS EXECUTIVE DIRECTORS Mr. Steve Andrew Chen(Chairman)Mr. Huang WenjiMr. Yang GuangMr. Lin ZhenshuangMr. Chung Kin Hung, Kenneth INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Tso Sze WaiMr. Yang XuetaiMs. Lee Kit Ying, Winnie BOARD COMMITTEES AUDIT COMMITTEE Mr. Tso Sze Wai(Chairman)Mr. Yang XuetaiMs. Lee Kit Ying, Winnie REMUNERATION COMMITTEE Ms. Lee Kit Ying, Winnie(Chairperson)Mr. Tso Sze WaiMr. Yang Xuetai NOMINATION COMMITTEE Mr. Yang Xuetai(Chairman)Mr. Tso Sze WaiMs. Lee Kit Ying, Winnie COMPANY SECRETARY Mr. Yuen Wai Keung AUTHORISED REPRESENTATIVES Mr. Huang WenjiMr. Yuen Wai Keung REGISTERED OFFICE Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands CORPORATE INFORMATION www.china-jicheng.cn COMPANY WEBSITEwww.china-jicheng.cn H E A DO F F I C E A N D P R I N C I PA L P L A C E O F B U S I N E S SIN THE PRC Yonghe Industrial SectionYonghe TownJinjiang CityFujian ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 137-1399905 Room 905, 9/FSan Toi Building137-139 Connaught Road CentralSheung Wan, Hong Kong 01027 STOCK CODE 01027 CAYMANISLANDS SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR 255151501 Infinity CPA LimitedRoom 1501, 15/FOlympia Plaza255 King’s RoadNorth Point, Hong Kong PRINCIPAL BANKERS Bank of China Limited Jinjiang BranchChina Construction Bank Corporation Jinjiang Branch CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”)of Asia Strategy Digit Technology Holdings Limited (formerly knownas China Jicheng Holdings Limited) (the “Company”), I am pleasedto present our annual report of the Company and its subsidiaries(collectivelyreferred to as the“Group”)for the year ended31 December 2025. POE27721.5%1011 The Group is principally engaged in the manufacturing and saleof POE umbrellas, nylon umbrellas and umbrella parts such asplastic cloth and shaft. During the year ended 31 December 2025,the Group’s revenue decreased to approximately RMB277 million,representing a decrease of approximately 21.5% in comparison tothat of 2024. For the year ended 31 December 2025, the Grouprecorded a loss for the year of approximately RMB10 million, ascompared with profit of approximately RMB11 million for the yearended 31 December 2024. The Directors do not recommend thepayment of final dividend for the year ended 31 December 2025. The revenue of the Group’s POE umbrellas products increased byapproximately RMB11 million, or 25.6%, from approximately RMB43million for the year ended 31 December 2024 to approximatelyRMB54 million for the year ended 31 December 2025. POE431125.6%54 The revenue of the Group’s nylon umbrellas products increased byapproximately RMB1 million, or 0.7%, from approximately RMB145million for the year ended 31 December 2024 to approximatelyRMB146 million for the year ended 31 December 2025. 14510.7%146 1658853.3%77 The revenue of the Group’s umbrella parts products decreasedby approximately RMB88 million, or 53.3%, from approximatelyRMB165million for the year ended 31 December 2024 toapproximately RMB77 million for the year ended 31 December 2025. CHAIRMAN’S STATEMENT Our principal objectives are to maintain and strengthen our positionas a leading umbrella manufacturer focused in Japan market andon our own branded umbrella products in the People’s Republicof China (“PRC”) market, and increase our market share in existingmarkets such as Hong Kong, Cambodia and Republic of Korea. Looking ahead, the Group will shift business focus from developingupstream manufacturing to downstream distribution network andbrand building so as to facilitate promotion of the Group’s brandedumbrellas which command higher margins and create higher valuesas well as bringing better return to our shareholders. To diversify itsbusiness and explore potential business opportunities, the Group isexploring and developing business opportunities and projects. On behalf of the Board of Directors, I would like to thank all thecolleagues for their diligence, dedication, loyalty and integrity. I wouldalso like to thank all the shareholders, customers, bankers and otherbusiness associates for their trust and support. Steve Andrew ChenChairman Fujian Province, the PRC, 26 March 2026 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW POE The Group is principally engaged in the manufacturing and sale of