EPI (Holdings) Limited (“EPI” or the “Company”, and together with its subsidiaries, the “Group”) is a company that is listed on the Main Board of the Hong Kong Stock Exchange (00689.HK). EPI is focused on the exploration and production of oil and gas in the conventional upstream oil and gas sector, and also has interests in the business of solar energy and money lending.Concurrently, EPI also extend its business into dealership and leasing.

Petroleum Exploration and Production from 2007 to 2021, the Group had interest in an oil field project located at Cuyana Basin in Mendoza Province of Argentina. Leveraging on its years of experience in the oil industry and supported by its well-experienced professional management team, in February 2022, the Group entered into a conditional asset purchase and sale agreement (the “APA”) for the acquisition of the target oil assets located at the Windy Lake region in Alberta Province of Canada. The target assets comprise petroleum and natural gas rights, facilities and pipelines, and other properties and assets of over 30 oil producing wells, and 49 new wells will be drilled on the land tenures covered by the target assets according to the four-year development plan formulated by the Group. The APA was duly approved by the shareholders in a special general meeting of the Company held on 29 March 2022, and the transactions contemplated thereunder were completed on 16 July 2022. The Canadian oil assets acquired represents a valuable and attractive investment for the Group to continue developing its petroleum exploration and production business.

Money Lending

The money lending business has been established in Hong Kong since 2016. To diversify its existing businesses and to develop and expand a stable source of income from its money lending business, since the establishment of its money lending business in New Zealand in June 2025, the Group has and expects to accelerate its strategic expansion in the New Zealand credit market. With an aim of driving long-term business sustainability, ultimately unlocking enhanced value for our shareholders, the Company deployed capital to expand the size of its loan portfolio and market share in this business.

Solar Energy

It is the Group’s business strategy to expand its footprints in the energy sector through investing in renewable energy assets, including solar energy projects, which could support the Group’s healthy and sustainable business development. On 23 July 2021, in order to capture the business opportunities in decarbonisation, the Group entered into a cooperation agreement with a specialist solar energy total solution and services provider to invest in solar energy power generation projects, from which the electricity generated can be sold to the two power companies and thereby earning the feed-in tariff income under the FiT Scheme. Moreover, for further development of the solar energy business, on 30 August 2021, the Group entered into an acquisition agreement to acquire a portfolio of existing and to-be-completed solar energy power generation projects which are participating in the FiT Scheme. By March 2023, all the solar energy power generation projects had been completed and the Group currently has 50 solar photovoltaic systems in operation.

Motor Vehicle

The Group is proactively expanding its business operations to enter the vehicle dealership and leasing sector upon entering into a vehicle distribution agreement in June 2026 with BAIC, a renowned automobile manufacturer in the PRC specialising in automobile manufacturing. In the meantime, the Group also actively explores market opportunities in trading of commercial electric vehicles, which is expected to generate new source of revenue to the Group.

Investment in Securities

The Group generally acquires liquid securities on recognized exchanges or over-the-counter markets for swift execution. Investment decisions rely on target companies' financial data, news, announcements, analysis reports, and macroeconomic factors. Long-term holdings prioritize past financial performance, financial health, dividends, and business prospects, while short-term holdings also consider prevailing market sentiments. Returns focus on capital appreciation and dividends for long-term investments, and trading gains for short-term ones.

Moving forward, EPI will continue to seek strategic investment opportunities with a view to broaden its income stream and asset base.