Buima EGM Approves Disposal of China’s BHHK Equity; Focuses on Green Energy Transformation and Deepens European Energy Storage Market Layout

Buima Co., Ltd. (hereinafter referred to as "Buima"; Stock Code: 5543) convened its First Extraordinary General Meeting (EGM) of Shareholders for 2025 today (August 29). With an attendance rate of 80.96%, the meeting successfully passed the proposal to dispose of 100% of the equity in Buima Holding Hong Kong Limited (hereinafter referred to as BHHK), which is held by the Group's wholly-owned subsidiary, Buima Holding Limited. BHHK primarily operates the domestic metal building materials business in China. Given that the revenue from the Chinese domestic metal business accounted for only 7.7% of total revenue in the first half of 2025 and has suffered continuous losses due to intensified competition in the Chinese domestic market, this disposal is intended to focus operational development on the transformation towards green energy. The move is expected to strengthen the Group's asset structure and financial performance. The shareholders' meeting authorized the Board of Directors to negotiate transaction terms and prices with suitable counterparties and further authorized the Chairman or their designated personnel to handle all related matters to maximize shareholder interests.

Buima reported consolidated revenue of NT$1.484 billion for the first half of 2025, a year-on-year decrease of 14.11%. Due to a decline in overall capacity utilization in the Chinese domestic metal building materials business, combined with non-operating foreign exchange losses caused by the significant appreciation of the New Taiwan Dollar, the net loss attributable to owners of the parent company for the first half was NT$60.92 million, with a loss per share (EPS) of NT$1.35, a decline compared to the same period last year. Buima pointed out that the company is fully sprinting towards the goal of green energy transformation to position itself as a provider of new-generation energy storage and usage solutions. In terms of operational performance for the first half of this year, if the losses from the Chinese domestic metal business were excluded, the Group would have remained at a profitable level, with a net profit attributable to the parent company of NT$3.518 million.

The Buima management team continues to prioritize deepening corporate governance, promoting green energy transformation, and enhancing shareholder equity. Notably, the company was removed from the full-cash delivery stock category (altered trading method) on August 13 and resumed normal trading. Regarding the green energy business, the company is increasing its layout in the European energy storage market this year. Plans for the second half include adding two EV charging demonstration sites in the Netherlands and actively participating in major international exhibitions. These efforts aim to expand the visibility and application scenarios of the Energy Storage Wall products, further opening up opportunities for overseas market development.

Looking ahead to the third quarter of 2025, Buima remains active in promoting its green energy business layout. Expanding battery module applications into diverse fields such as BBU (Backup Battery Unit), drones, and Low Earth Orbit (LEO) satellites is expected to fuel future operational momentum. Meanwhile, as countries accelerate decarbonization steps and focus on grid stability issues, Buima is simultaneously entering the front-of-the-meter and behind-the-meter energy storage markets as well as the ESCO energy management solution sector. This deepens the diversified green energy business layout and strengthens the Group's competitive advantage in the international energy storage market.