小商品城:2025年半年度报告(英文版)

Stock code: 600415 Stock short name: 小商品城
Zhejiang China Commodities City Group
Co., Ltd.
Semi-annual Report for 2025

Important Statements
I. The Board of Directors, the supervisory committee and the directors, supervisors
and senior management of the Company hereby warrant the truthfulness, accuracy and
completeness of the contents of the semi-annual report, guarantee that there are no false
representations, misleading statements or material omissions contained in this
semi-annual report, and are jointly and severally responsible for the liabilities of the
Company.
II. All directors of the Company were present at the board meeting.
III. This semi-annual report has not been audited.
IV. CHEN Dezhan, Head of the Company, BAO Hua, Principal in charge of accounting,
and ZHAO Difang, Head of the accounting department (Accounting Manager), declare
that they warrant the truthfulness, accuracy and completeness of the financial report in
the semi-annual report.
V. The profit distribution plan for the reporting period or the plan for public reserve
funds into share capital that was approved by the board of directors
No
VI. Risk statement with forward-looking representations
√Applicable □Not applicable
The forward-looking representations involved in this Report such as future plans and
development strategies do not constitute the Company’s substantial commitments to investors.
Investors should pay attention to investment risks.
VII. Is the Company’s cash occupied by its controlling shareholder or any of other
affiliates for non-operational purposes
No
VIII. Has the Company provided external guarantee in violation of the prescribed
decision-making procedures
No
IX. Whether there is circumstance that more than half of the directors cannot
guarantee the authenticity, accuracy and completeness of the semi-annual report
disclosed by the Company
No

X. Reminder of major risks
During the reporting period, the Company did not have any significant risks that would
affect its continued operations. The Company has provided a detailed description of the
potential risks it may face in the "Potential Risks" part in Section III " Discussion and Analysis of
Managers" of this report.
XI. Other
□Applicable √Not applicable

Table of Contents

SECTION I. DEFINITIONS......5
SECTION II. COMPANY PROFILE AND FINANCIAL HIGHLIGHTS......6
SECTION III. DISCUSSION AND ANALYSIS OF MANAGERS...... 9
SECTION IV. CORPORATE GOVERNANCE, ENVIRONMENT AND SOCIETY......35
SECTION V. SIGNIFICANT MATTERS......45
SECTION VI. CHANGES IN SHARES AND SHAREHOLDERS......55
SECTION VII. BONDS......60
SECTION VIII. FINANCIAL REPORT......67
Accounting statements with the signatures and stamps of head of the
Documents for Company, principal in charge of accounting, and head of the
Inspection accounting department (Accounting Manager).
The originals of all company documents and announcements publicly
disclosed during the reporting period

Section I. Definitions
For the purpose of this Report, unless otherwise stated in the context, the following terms shall
have the following meanings:
Definitions
MDG means Yiwu Market Development Group Co., Ltd.
Yiwu China Commodities City Holdings Group
CCCH means Co., Ltd. (formerly known as " Yiwu China
Commodities City Holdings Limited ")
Zhijie Yuangang means Zhejiang Zhijie Yuangang International Supply
Chain Technology Co., Ltd.
CCCP means Yiwu China Commodities City Property
Development Co., Ltd.
CCC Property Service means Yiwu China Commodities City Property Service
Co., Ltd.
CCCF means Yiwu China Commodities City Financial Holdings
Co., Ltd.
CCC Credit means Yiwu China Commodities City Credit
Investigation Co., Ltd.
Yiwu Shanglv means Yiwu Shanglv Investment Development Co., Ltd.
Chouzhou Financial Lease means Zhejiang Chouzhou Financial Lease Co., Ltd.
Shangbo Yungu means Yiwu Shangbo Yungu Enterprise Management
Co., Ltd.
Kuaijietong, Yiwu Pay means Kuaijietong Payment Service Co., Ltd. and its
payment brand
The Company, the Listed Zhej