Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yajie Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
CNNC International Limited, Annual General Meeting, May 29, 2026 CNNC International Limited, Annual General Meeting, May 29, 2026, at 14:00 China Standard Time. Location: 5/f, harbour grand hong kong, 23 oil street, north point, Hong Kong Announcement • Mar 13
CNNC International Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 CNNC International Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 25, 2026 Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yajie Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 15
CNNC International Limited to Report First Half, 2025 Results on Aug 26, 2025 CNNC International Limited announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 10
CNNC International Limited, Annual General Meeting, May 26, 2025 CNNC International Limited, Annual General Meeting, May 26, 2025, at 14:00 China Standard Time. Location: 5/f, harbour grand hong kong, 23 oil street, north point, Hong Kong Announcement • Mar 10
CNNC International Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 CNNC International Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Board Change • Jan 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yajie Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 02
CNNC International Limited Announces Resignation of Zhang Lei as Independent Non-Executive Director, Member of Audit Committee, the Remuneration Committee and the Nomination Committee The board of directors of CNNC International Limited announced that with effect from 31st December, 2024, Mr. Zhang Lei (Mr. Zhang) has resigned as the independent non-executive Director, as well as the member of each of the audit committee, the remuneration committee and the nomination committee of the Company, due to work adjustment and he would like to devote more time to his personal development. Announcement • Dec 03
CNNC International Limited Announces Change of Company Secretary The board of directors of CNNC International Limited hereby announced that Mr. Li Philip Sau Yan ("Mr. Li") has tendered his resignation as:- the company secretary of the Company with effect from 3 December 2024 as he is approaching the age of retirement and due to other personal reasons. The Board announced that Ms. Xu Ling ("Ms. Xu") has been appointed by the Company as the Company Secretary with effect from 3 December 2024. Ms. Xu, aged 41, is currently the director of capital operations and a member of the management of the Company, where she is responsible for matters relating to corporate governance, investment activities, internal and external communication and coordination, etc. Ms. Xu is a member of the Association of Chartered Certified Accountants. She graduated from the University of International Business and Economics with a Bachelor's Degree in Management majoring in International Accounting in 2004 and obtained a full- time Master of Business Administration degree from The University of Hong Kong in 2012, during which she studied as a visiting student at the London Business School. Ms. Xu served the Company and the parent group of the Company from 2007 to 2011, during which time she was involved in various capital operations of the Company. Subsequently, from 2016 to 2022, Ms. Xu worked for TMF Group, one of the leading professional service providers for listing compliance advisory services in the Hong Kong market, and has accumulated extensive relevant experience in regulatory compliance work. Announcement • Oct 16
CNNC International Limited Appoints Liu Yajie as Independent Non-Executive Director, A Member of Each of the Audit Committee, Nomination Committee and Remuneration Committee CNNC International Limited announced that Ms. Liu Yajie (``Ms. Liu'') has been appointed as an independent non-executive director, a member of each of the audit committee, nomination committee and remuneration committee of the Company with effect from 16th October 2024. Ms. Liu, aged 57, female, is currently a second-grade professor at the Department of Environmental Engineering under the School of Water Resources and Environmental Engineering at East China University of Technology. Ms. Liu graduated from Shandong University () in 1988 with a bachelor's degree in biology/botany. She spent one year from March 2006 to January 2007 at the Research Laboratory of Acidophilic Microorganisms and Biometallurgy under the Department of Biology at University of Wales in the United Kingdom for a study visit. She was a PhD candidate (Environmental Science and Engineering) at the College of Environmental Science and Engineering at Donghua University from September 2008 to June 2016, and graduated from the PhD programme of the University's College of Environmental Science and Engineering. Ms. Liu is mainly engaged in research and education of uranium biometallurgy technology and uranium mine environmental remediation technology. She has presided over and participated as a key member in the completion of more than twenty projects, including the National 973 Program, the National General Natural Fund, the Periodic Technical Cooperation of International Atomic Energy Agency (``IAEA''), the 863 Program, the International Cooperation of the Ministry of Science and Technology, and the National Talent Introduction Program in the Field of Uranium Biometallurgy Technology. She has received four awards on science and technology advancement and technological invention at provincial level, published more than 40 academic papers, and obtained 6 national invention patents. She is a member of the Environmental Management and Remediation Network Committee under IAEA. New Risk • Sep 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (€86.6m market cap, or US$96.0m). Reported Earnings • Aug 27
First half 2024 earnings released: HK$0.016 loss per share (vs HK$0.017 profit in 1H 2023) First half 2024 results: HK$0.016 loss per share (down from HK$0.017 profit in 1H 2023). Revenue: HK$6.40m (down 92% from 1H 2023). Net loss: HK$7.73m (down 193% from profit in 1H 2023). New Risk • Aug 25
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk High level of debt (48% net debt to equity). Announcement • Aug 14
CNNC International Limited to Report First Half, 2024 Results on Aug 23, 2024 CNNC International Limited announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • May 22
CNNC International Limited, Annual General Meeting, Jun 17, 2024 CNNC International Limited, Annual General Meeting, Jun 17, 2024, at 14:00 China Standard Time. Location: runnovation shop 4, causeway centre, 28 harbour road, wanchai, Hong Kong Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: HK$0.22 (vs HK$0.17 in FY 2022) Full year 2023 results: EPS: HK$0.22 (up from HK$0.17 in FY 2022). Revenue: HK$581.0m (down 36% from FY 2022). Net income: HK$106.3m (up 32% from FY 2022). Profit margin: 18% (up from 8.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.7m (US$93.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (€85.7m market cap, or US$93.8m). Announcement • Mar 14
CNNC International Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 CNNC International Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Board Change • Dec 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Robert Chan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 24
CNNC International Limited Appoints Sun Ruo Fan as Non-Executive Director, Effective December 1, 2023 The board of directors of CNNC International Limited announced that, Mr. Sun Ruo Fan has been appointment as a non-executive Director of the Company with effect from 1st December, 2023. Mr. Sun, aged 36, joined China National Nuclear Corporation, the ultimate holding company of the Company, in January 2019 and has served as an employee of China National Uranium Company Limited, an indirect holding company of the Company, interim head of the Natural Uranium Department, a deputy director and a director. Mr. Sun once served as the project manager and procurement manager of the Nuclear Fuel Department I and II of CGNPC Uranium Resources Development Co. Ltd., and was assigned to work at CGN Global Uranium Limited in charge of products sales in the United Kingdom. Mr. Sun has extensive experience in international natural uranium trading. Mr. Sun currently serves as the managing deputy general manager of CNNC Overseas Limited, the Company's immediate controlling shareholder. Mr. Sun graduated from Nuclear Technology and Application College of Physical Science and Technology of Sichuan University with a master's degree in physical science and technology in 2014. With Mr. Sun's extensive experience in natural uranium trading and his extensive network of contacts, the Board is of the view that Mr. Sun is capable of leading the Group to envision a promising future outlook in the field of natural uranium trading. New Risk • Sep 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (€63.1m market cap, or US$66.3m). Reported Earnings • Sep 03
First half 2023 earnings released: EPS: HK$0.017 (vs HK$0.037 in 1H 2022) First half 2023 results: EPS: HK$0.017 (down from HK$0.037 in 1H 2022). Revenue: HK$76.1m (down 87% from 1H 2022). Net income: HK$8.33m (down 54% from 1H 2022). Profit margin: 11% (up from 3.2% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Aug 22
CNNC International Limited to Report First Half, 2023 Results on Aug 31, 2023 CNNC International Limited announced that they will report first half, 2023 results on Aug 31, 2023 New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (€53.2m market cap, or US$58.1m). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.17 (vs HK$0.001 in FY 2021) Full year 2022 results: EPS: HK$0.17 (up from HK$0.001 in FY 2021). Revenue: HK$905.7m (up 223% from FY 2021). Net income: HK$80.8m (up HK$80.2m from FY 2021). Profit margin: 8.9% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 16
CNNC International Limited, Annual General Meeting, Dec 16, 2022 CNNC International Limited, Annual General Meeting, Dec 16, 2022, at 10:00 China Standard Time. Location: 24th Floor, Admiralty Centre I, 18 Harcourt Road Admiralty Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company and the Reports of the Directors and the Auditors for the year ended December 31, 2020; to receive and consider the audited consolidated financial statements of the Company and the Reports of the Directors and the Auditors for the year ended December 31, 2021; to re-elect Mr. Wang Cheng as Non-executive Director; to re-elect Mr. Wu Ge as Non-executive Director; to re-elect Mr. Zhang Lei as Independent Non-executive Director; to fix directors' remuneration; to reappoint auditors and to fix their remuneration; and to discuss other related matters. Announcement • Oct 27
CNNC International Limited Announces Board Changes CNNC International Limited Board announced that it has resolved to appoint Mr. Wang Cheng as a non-executive Director, the chairman of the Board and the chairman of the Nomination Committee. The above appointments will be effective from 27 October, 2022. Mr. Wang, aged 57, joined China National Nuclear Corporation ("CNNC"), the ultimate holding company of the Company, 216th Brigade () ("216 Brigade") in 1988, he has successively served as the team's geological team leader, technical leader, deputy team leader and deputy director of the General Engineering Office (during the tenure of which he was concurrently serving as the deputy chief geological engineer, deputy team leader, and team leader posts). He was transferred to China Nuclear Geology ("CNG") in 2008 and has successively served as assistant director, member of the Party Leader Group and deputy director. Mr. Wang joined CNNC Geology and Minerals Division ("GM Division") in 2011, and successively served as the deputy director, a member of the Party Leader Group, and the deputy director of the CNG. From 2014 to 2018, Mr. Wang served as the deputy director of the planning and development department of CNNC, and from 2018 to 2020, he served as the deputy director of the operation and management department of CNNC. Mr. Wang joined China National Uranium Corporation, Limited.("CNUC"), an indirect holding company of the Company, in 2020 as the general manager, deputy secretary of the Party Leader Group, deputy director and deputy secretary of the Party Leader Group of CNG. The 216 Brigade, CNG, GM Division and CNUC are all subordinate units of CNNC. Mr. Wang graduated in 1988 from the Department of Radioactive Mineral Geology of the Chengdu University of Technology with a bachelor degree. Mr. Wang has the title of senior researcher issued by CNNC. The Company announces that Mr. Zhong Jie ("Mr. Zhong") has resigned as a non-executiveDirector, the chairman of the Board and the chairman of the Nomination Committee with effect from 27 October, 2022 due to the re-arrangement of his job duties. Mr. Zhong has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. 
