Environmental, Social and Governance Report 環境、社會及管治報告 INTRODUCTION TO REPORTING Hong Kong Food Investment Holdings Limited (the "Company"), together with its subsidiaries (collectively, the "Group"), is pleased to present its annual Environmental, Social and Governance ("ESG") report for the year ended 31 March 2025 (the "report"), which has been prepared in accordance with ESG Reporting Guide set out in Appendix C2 of Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (th ...

[Corporate Information](index=3&type=section&id=Corporate%20Information) Details essential corporate information: board members, company secretary, registered office, share registrar, principal bankers, and auditor - The report details core company information including board members, company secretary, registered office, share registrar, principal bankers, and auditor[8](index=8&type=chunk)[9](index=9&type=chunk)[11](index=11&type=chunk) [Chairman's Statement](index=5&type=section&id=Chairman's%20Statement) Reviews FY2025 performance, noting revenue decline but narrowed losses amidst global challenges, detailing segment performance and future strategies [Results Overview](index=5&type=section&id=Results) FY2025 consolidated revenue decreased amidst challenging markets, but effective cost control narrowed losses attributable to equity holders and loss per share FY2025 Performance Summary | Metric | FY2025 (HKD thousands) | FY2024 (HKD thousands) | | :--- | :--- | :--- | | Consolidated Revenue | 186,787 | 211,845 | | Loss Attributable to Equity Holders | 18,821 | 19,352 | | Loss Per Share (HK cents) | 7.27 | 7.45 | [Business Review](index=5&type=section&id=Business%20Review) This section analyzes the operating conditions of key segments, noting stable frozen meat trading, pressured catering, and a strategic investment in FSMHL [Frozen Meats Trading](index=6&type=section&id=Frozen%20Meats%20Trading) Despite stable Hong Kong economic growth but challenging local demand, the frozen meat trading business maintained stable revenue by introducing new products - Through strategic marketing and market penetration, new products like Japan's "Hokkaido Yukiyume Buta" achieved good sales in their first year, maintaining stable revenue for the frozen meat trading business in a challenging environment[27](index=27&type=chunk)[33](index=33&type=chunk) - To adapt to market changes, the company will continue to focus on chain fast-food restaurants and actively expand its product portfolio, especially high-quality frozen meats, cooked foods, and premium products from Japan and Southeast Asia[27](index=27&type=chunk)[33](index=33&type=chunk) [Catering Business](index=7&type=section&id=Catering%20Business) The catering business faced severe challenges from economic stagnation and cross-border consumption trends, but achieved revenue and gross margin growth through strategic adjustments - Facing market difficulties, the company achieved growth in revenue and gross margin by introducing affordable meal options, optimizing ingredient procurement, and conducting social media promotions in mainland China[30](index=30&type=chunk)[34](index=34&type=chunk) [Other Business](index=7&type=section&id=Other%20Business) The communications and advertising design business segment achieved stable growth during the year, contributing positively to the Group's performance - The communications and advertising design business achieved stable growth throughout the year, contributing positively to the Group's performance and successfully expanding into new business areas in catering and banking[32](index=32&type=chunk)[35](index=35&type=chunk) [Food Business Investment](index=8&type=section&id=Food%20Business%20Investment) The Group maintains a strategic investment of approximately 29.85% in associate FSMHL, which contributed significantly reduced profit this fiscal year Profit from Associates | Fiscal Year | Profit from Associates (HKD) | | :--- | :--- | | 2025 | 3,034,000 | | 2024 | 10,393,000 | - FSMHL's core business is food agency, possessing an extensive distribution network and focusing on high-quality daily necessities like Japanese eggs, milk, tofu, and rice, creating stable revenue streams[39](index=39&type=chunk)[43](index=43&type=chunk) [Prospects](index=8&type=section&id=Prospects) Facing global economic uncertainty and Hong Kong's market transformation, the Group plans flexible marketing, accelerated product development, and strengthened partnerships - The Group plans to actively respond to the volatile market environment by accelerating product development, strengthening brand building, expanding customer platforms, and deepening overseas cooperation[47](index=47&type=chunk)[52](index=52&type=chunk) - Strategic partner FSMHL will continue its "rooted in Hong Kong, deeply cultivated in mainland China, looking globally" strategy, focusing on snack food development to maintain industry leadership[49](index=49&type=chunk)[53](index=53&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the Group's operating results and financial position, noting an 11.8% revenue decline, reduced gross margin, but improved operating expense ratio and stable financial health [Business Segment Analysis](index=10&type=section&id=Business%20Segment%20Analysis) The Group's total revenue decreased by 11.8% to HKD 187 million, primarily due to a halving of catering business revenue from restaurant closures Frozen Meats Trading Business Performance | Metric | FY2025 (HKD) | FY2024 (HKD) | | :--- | :--- | :--- | | Revenue | 157,565,000 | 157,525,000 | | Segment Result | (6,425,000) Loss | (5,108,000) Loss | | Overall Profit Margin | 5.0% | 6.6% | Catering Business Performance | Metric | FY2025 (HKD) | FY2024 (HKD) | | :--- | :--- | :--- | | Revenue | 25,137,000 | Approx. 50,431,000 (estimated) | | Revenue Change | -50.2% | - | | Segment Result | (5,601,000) Loss | (10,036,000) Loss | Other Business (Communications and Advertising Design) Performance | Metric | FY2025 (HKD) | FY2024 (HKD) | | :--- | :--- | :--- | | Revenue | 4,085,000 | 3,889,000 | | Revenue Change | +5.0% | - | | Segment Profit | 1,592,000 | 1,821,000 | [Key Performance Indicators](index=11&type=section&id=Key%20Performance%20Indicators) Key performance indicators show a significant drop in overall gross margin to 15.0%, stable turnover days, and an improved operating expense to sales ratio Key Performance Indicators | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue (HKD thousands) | 186,787 | 211,845 | | Gross Margin (%) | 15.0 | 21.4 | | Trade Receivables Turnover (days) | 33 | 32 | | Inventory Turnover (days) | 92 | 90 | | Operating Expenses to Sales Ratio (%) | 20.3 | 24.4 | - The Group's gross margin decline is primarily due to a decrease in the trading segment's gross margin from **6.6% to 5.0%**, despite an increase in the catering segment's gross margin from **63.0% to 67.1%**, which was offset by its revenue decline[78](index=78&type=chunk)[83](index=83&type=chunk) - The decrease in the operating expenses to sales ratio is mainly attributed to improved operational efficiency, enhanced cost control, and reduced expenses from closing two restaurants[81](index=81&type=chunk)[86](index=86&type=chunk) [Food Business Investment Review](index=13&type=section&id=Food%20Business%20Investment%20Review) The Group's strategic investment in FSMHL yielded significantly lower profit this fiscal year, though FSMHL's core distribution business remains solid - The Group's equity holding in FSMHL slightly decreased from **29.99% to 29.85%**, with attributable profit significantly reduced to **HKD 3,034,000** this fiscal year from **HKD 10,393,000** last year[88](index=88&type=chunk)[92](index=92&type=chunk) - FSMHL's core food distribution business, with its extensive network, focuses on high-quality daily foods like Japanese eggs and dairy products, and the acquisition of Miyata Co., Ltd. strengthened its synergies in the Japanese market[89](index=89&type=chunk)[90](index=90&type=chunk)[93](index=93&type=chunk) [Liquidity and Financial Resources](index=14&type=section&id=Liquidity%20and%20Financial%20Resources) The Group maintains a sound financial position, relying on internal cash flow and bank credit, with low gearing and increased cash reserves Financial Resources Overview (as at March 31, 2025) | Metric | 2025 (HKD) | 2024 (HKD) | | :--- | :--- | :--- | | Bank Credit Facilities | 200,753,000 | 200,753,000 | | Utilized Credit Ratio | 13% | 15% | | Gearing Ratio | 5% | 6% | | Cash and Cash Equivalents | 80,294,000 | 74,575,000 | [Report of the Directors](index=15&type=section&id=Report%20of%20the%20Directors) This report outlines the company's principal activities, financial performance, and corporate governance for FY2025, including a loss, no dividend, and share repurchases [Principal Activities and Business Review](index=15&type=section&id=Principal%20Activities%20and%20Business%20Review) The company's principal activity is investment holding, with subsidiaries engaged in frozen meat, seafood, vegetable trading, restaurant operations, and advertising design - The company's principal business is investment holding, with specific business activities of its subsidiaries and associates detailed in notes 1 and 16 to the financial statements[104](index=104&type=chunk)[108](index=108&type=chunk) [Results and Dividend](index=15&type=section&id=Results%20and%20Dividend) The Group recorded a loss for the year ended March 31, 2025, and the Board of Directors does not recommend any dividend payment - The Board of Directors does not recommend the payment of any dividend for the current year[106](index=106&type=chunk)[110](index=110&type=chunk) [Summary Financial Information](index=16&type=section&id=Summary%20Financial%20Information) This report provides a summary of key financial data for the past five fiscal years, showing a decline in revenue and a consistent loss in FY2025 Summary of Five-Year Financial Performance (HKD millions) | Fiscal Year Ended March 31 | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 186.8 | 211.8 | 231.6 | 183.1 | 131.1 | | **Profit/(Loss) for the Year** | (19.4) | (19.1) | 2.3 | (15.8) | (3.7) | | **Total Assets** | 584.7 | 611.4 | 653.6 | 685.2 | 684.0 | | **Total Liabilities** | (57.5) | (66.9) | (69.4) | (80.3) | (59.2) | [Purchase, Sale or Redemption of Listed Securities](index=17&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Listed%20Securities) In FY2025, the company repurchased and cancelled 2.162 million ordinary shares for approximately HKD 0.982 million to enhance net asset value per share Share Repurchase Details | Month of Repurchase | Number of Shares | Highest Price Per Share (HKD) | Lowest Price Per Share (HKD) | Total Consideration (HKD thousands) | | :--- | :--- | :--- | :--- | :--- | | October 2024 | 1,064,000 | 0.460 | 0.425 | 467 | | December 2024 | 912,000 | 0.495 | 0.430 | 430 | | January 2025 | 186,000 | 0.480 | 0.450 | 85 | | **Total** | **2,162,000** | | | **982** | [Directors' and Chief Executive's Interests](index=20&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests) As of March 31, 2025, the report discloses directors' share interests in the company and its associate, FSMHL - Mr. TAI Tak Fung, Stephen, holds a total of **90,739,177 shares**, representing **35.25%** of the company's issued share capital, through personal and controlled corporations[147](index=147&type=chunk) - In associate FSMHL, Mr. TAI Tak Fung holds **234,528,000 shares** (**61.69%**), and Mr. TAI Chun Kit holds **11,600,000 shares** (**3.05%**)[149](index=149&type=chunk) [Substantial Shareholders' Interests](index=23&type=section&id=Substantial%20Shareholders'%20Interests) This section discloses the shareholdings of substantial shareholders, excluding directors, including SAL, CGL, and Ms. WU Mei Yung, Quinly Substantial Shareholders' Shareholdings | Name of Substantial Shareholder | Number of Shares Held | Nature of Interest | Approximate Percentage | | :--- | :--- | :--- | :--- | | Special Access Limited (SAL) | 52,907,250 | Corporate Interest | 20.55% | | Careful Guide Limited (CGL) | 30,914,000 | Corporate Interest | 12.01% | | WU Mei Yung, Quinly (胡美容) | 90,739,177 | Family and Corporate Interest | 35.25% | [Continuing Connected Transactions](index=28&type=section&id=Continuing%20Connected%20Transactions) The Group engaged in continuing connected transactions with Kamichiku Holdings Co., Ltd. for beef procurement, which were confirmed to be compliant and fair - The Group procured high-quality beef products from connected person Kamichiku Holdings Co., Ltd., with transaction amounts for the year ended March 31, 2025, totaling approximately **HKD 16,344,000**, below the annual cap of **HKD 50,000,000**[188](index=188&type=chunk)[192](index=192&type=chunk) - Independent non-executive directors and the company's auditor, Ernst & Young, have reviewed and confirmed that these continuing connected transactions were entered into in the ordinary course of the Group's business on normal commercial terms, fair and reasonable, and in the overall interest of shareholders[193](index=193&type=chunk)[194](index=194&type=chunk) [Corporate Governance Report](index=31&type=section&id=Corporate%20Governance%20Report) This report details the company's adherence to corporate governance codes in FY2025, covering board structure, committees, risk management, and shareholder rights [Board of Directors](index=32&type=section&id=Board%20of%20Directors) The Board comprises seven directors, meeting listing rule requirements, responsible for strategy and risk oversight, with active participation and ongoing professional development - The Board of Directors, chaired by Mr. TAI Chun Kit, includes executive, non-executive, and independent non-executive directors, with its structure and committee members clearly outlined[225](index=225&type=chunk) - Ms. WONG Ting Yuk was appointed as an executive director on **July 1, 2024**, to enhance the Board's composition[227](index=227&type=chunk)[231](index=231&type=chunk) - All directors complied with continuous professional development requirements during the reporting year, updating their knowledge and skills through seminars, internal training, and relevant readings[246](index=246&type=chunk)[249](index=249&type=chunk) [Board Committees](index=37&type=section&id=Board%20Committees) The company has established Audit, Remuneration, and Nomination Committees to assist the Board, ensuring oversight of financial reporting, executive compensation, and board composition - The Audit Committee, composed of three independent non-executive directors, held two meetings during the year to review annual and interim financial statements[257](index=257&type=chunk)[259](index=259&type=chunk)[262](index=262&type=chunk) - The Remuneration Committee, comprising one executive director and three independent non-executive directors, held one meeting during the year to review remuneration policies and executive compensation packages[265](index=265&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk) - The Nomination Committee adopted a Board Diversity Policy and appointed a female director on **July 1, 2024**, to achieve gender diversity[286](index=286&type=chunk)[295](index=295&type=chunk)[302](index=302&type=chunk) [Risk Management and Internal Controls](index=42&type=section&id=Risk%20Management%20and%20Internal%20Controls) The Board affirms its responsibility for maintaining effective risk management and internal control systems, which are regularly monitored and deemed sufficient - The Board bears ultimate responsibility for maintaining risk management and internal control systems, designed to manage rather than eliminate business risks, ensuring the security of shareholder investments and Group assets[312](index=312&type=chunk)[318](index=318&type=chunk) - The Board has reviewed and confirmed the effectiveness and adequacy of the risk management and internal control systems for the current year, including resources and staff qualifications for accounting and financial reporting functions[325](index=325&type=chunk)[328](index=328&type=chunk) [Shareholders' Rights](index=44&type=section&id=Shareholders'%20Rights) This section clarifies shareholders' rights and procedures for convening meetings, nominating directors, and proposing resolutions, in compliance with Hong Kong Company Ordinance - Shareholders holding at least **5%** of the voting rights can request to convene a general meeting[333](index=333&type=chunk)[340](index=340&type=chunk) - Shareholders holding at least **2.5%** of the voting rights or at least **50** shareholders can request circulation of resolutions at an annual general meeting[335](index=335&type=chunk)[342](index=342&type=chunk) [Independent Auditor's Report](index=47&type=section&id=Independent%20Auditor's%20Report) Ernst & Young issued an unqualified opinion on the Group's FY2025 consolidated financial statements, highlighting "Impairment assessment of investments in associates" as a key audit matter [Opinion](index=47&type=section&id=Opinion) Ernst & Young issued an unqualified opinion, stating the consolidated financial statements fairly present the Group's financial position, performance, and cash flows for FY2025 - The auditor issued an **unqualified opinion** on the Group's consolidated financial statements[362](index=362&type=chunk)[364](index=364&type=chunk) [Key Audit Matter](index=48&type=section&id=Key%20Audit%20Matter) The key audit matter is the impairment assessment of investments in associates, particularly FSMHL, due to its significant carrying amount and management's critical judgments - The key audit matter is the impairment assessment of investments in associates (primarily FSMHL), due to its significant carrying amount of **HKD 370,590,000** and the significant management judgments involved in the assessment[370](index=370&type=chunk) - The auditor addressed this key audit matter by reviewing management's discounted cash flow forecasts, performing sensitivity analyses, and utilizing internal valuation experts to assess methodologies and discount rates[370](index=370&type=chunk) [Audited Financial Statements](index=52&type=section&id=Audited%20Financial%20Statements) This section presents the Group's complete audited financial statements for FY2025, including income, position, cash flow statements, and detailed notes [Consolidated Statement of Profit or Loss](index=53&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) In FY2025, the Group reported consolidated revenue of HKD 187 million, a 11.8% decrease, with gross profit down 38%, and a slight increase in annual loss Consolidated Statement of Profit or Loss Summary (HKD thousands) | Item | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 186,787 | 211,845 | | Gross Profit | 28,084 | 45,316 | | Loss Before Tax | (18,443) | (17,310) | | Loss for the Year | (19,352) | (19,084) | | Loss Attributable to Equity Holders of the Company | (18,821) | (19,352) | | Basic and Diluted Loss Per Share (HK cents) | (7.27) | (7.45) | [Consolidated Statement of Financial Position](index=55&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, total assets decreased to HKD 585 million, primarily due to reduced non-current assets, while total liabilities also decreased, maintaining a robust equity structure Consolidated Statement of Financial Position Summary (HKD thousands) | Item | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Total Non-Current Assets | 440,575 | 460,893 | | Total Current Assets | 144,126 | 150,547 | | **Total Assets** | **584,701** | **611,440** | | **Liabilities and Equity** | | | | Total Current Liabilities | 53,561 | 61,136 | | Total Non-Current Liabilities | 3,928 | 5,737 | | **Total Liabilities** | **57,489** | **66,873** | | **Total Equity** | **527,212** | **544,567** | [Consolidated Statement of Cash Flows](index=59&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) In FY2025, net cash inflow from operating activities significantly improved to HKD 7 million, with net cash inflow from investing activities and net cash outflow from financing activities Consolidated Statement of Cash Flows Summary (HKD thousands) | Item | FY2025 | FY2024 | | :--- | :--- | :--- | | Net Cash Inflow/(Outflow) from Operating Activities | 7,003 | (13,294) | | Net Cash Inflow from Investing Activities | 11,560 | 12,440 | | Net Cash Outflow from Financing Activities | (12,848) | (5,958) | | Net Increase/(Decrease) in Cash and Cash Equivalents | 5,715 | (6,812) | | Cash and Cash Equivalents at End of Year | 80,294 | 74,575 | [Notes to Financial Statements](index=61&type=section&id=Notes%20to%20Financial%20Statements) These notes provide detailed explanations and supplementary information for the financial statements, covering segment information, revenue recognition, investments, financial instruments, and related party transactions [Note 4. Operating Segment Information](index=91&type=section&id=Note%204.%20Operating%20Segment%20Information) The Group operates in three segments: Trading, Catering, and Other, with Trading being the primary revenue source but incurring a loss in FY2025 FY2025 Segment Performance (HKD thousands) | Segment | External Sales Revenue | Segment Result | | :--- | :--- | :--- | | Trading | 157,565 | (6,425) | | Catering | 25,137 | (5,601) | | Other | 4,085 | 1,592 | - Major customer A contributed **HKD 41,721,000** in revenue, accounting for **22.3%** of the Group's total revenue[637](index=637&type=chunk) [Note 16. Investments in Associates](index=111&type=section&id=Note%2016.%20Investments%20in%20Associates) The Group's most significant associate investment is a 29.85% stake in FSMHL, with a carrying amount of HKD 371 million as of March 31, 2025 Investments in Associates (HKD thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Carrying Amount of Investment | 370,590 | 381,015 | | Of which: Share of Net Assets | 357,343 | 367,130 | | Of which: Goodwill Arising on Acquisition | 13,247 | 13,885 | - FSMHL's fair value (market capitalization) is **HKD 295 million**, which is lower than the Group's carrying amount of **HKD 371 million** for its investment[724](index=724&type=chunk) [Note 26. Share Capital](index=123&type=section&id=Note%2026.%20Share%20Capital) As of March 31, 2025, the company's issued and fully paid share capital was HKD 116.333 million, corresponding to 257.424 million ordinary shares - The company repurchased and cancelled **2,162,000 shares** during the year, reducing the number of issued shares from **259,586,000** to **257,424,000**[767](index=767&type=chunk) [Note 32. Financial Risk Management Objectives and Policies](index=134&type=section&id=Note%2032.%20Financial%20Risk%20Management%20Objectives%20and%20Policies) This note details the Group's financial risk management policies, covering interest rate, foreign exchange, credit, liquidity, and price risks, with a healthy gearing ratio Capital Gearing Ratio | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Interest-Bearing Bank Loans | 26,441 | 29,709 | | Equity Attributable to Owners of the Company | 521,176 | 537,837 | | **Capital Gearing Ratio** | **5%** | **6%** | [Particulars of Properties](index=141&type=section&id=Particulars%20of%20Properties) This section lists the Group's investment properties, including a commercial property in Tokyo, Japan, held under a short-term lease - The Group holds a commercial investment property in Shinbashi, Minato-ku, Tokyo, Japan, under a short-term lease, with **100%** interest held by the Group[863](index=863&type=chunk)[864](index=864&type=chunk)

Core Viewpoint - On July 28, 10 Hong Kong-listed companies conducted share buybacks, totaling 12.86 million shares and an amount of 10.74 million HKD [1][2] Group 1: Buyback Details - China Eastern Airlines repurchased 2.5 million shares for 7.50 million HKD, with a highest price of 3.030 HKD and a lowest price of 2.970 HKD, accumulating a total buyback amount of 613.45 million HKD for the year [1][2] - Carrot repurchased 160,000 shares for 816,000 HKD, with a highest price of 5.250 HKD and a lowest price of 5.080 HKD, accumulating a total buyback amount of 7.50 million HKD for the year [1][2] - Miniso repurchased 15,000 shares for 557,900 HKD, with a highest price of 37.200 HKD and a lowest price of 37.150 HKD, accumulating a total buyback amount of 313.34 million HKD for the year [1][2] Group 2: Buyback Rankings - The highest buyback amount on July 28 was from China Eastern Airlines at 7.50 million HKD, followed by Carrot at 816,000 HKD, and Miniso among others [1][2] - In terms of buyback quantity, Ying Group had the highest with 9.20 million shares, followed by China Eastern Airlines with 2.5 million shares and Maple Leaf Education with 428,000 shares [1][2]

Summary of Key Points Core Viewpoint - Several companies, including China Eastern Airlines and Miniso, conducted share buybacks on July 28, 2025, with China Eastern Airlines having the largest buyback amount of 749.83 million yuan for 2.5 million shares [1]. Group 1: Buyback Details - China Eastern Airlines (00670) repurchased 2.5 million shares for 749.83 million yuan, with a total annual buyback of 109 million shares, representing 2.106% of its total share capital [2]. - Carrot (N24025) repurchased 160,000 shares for 816,000 yuan, with a total annual buyback of 823,500 shares, accounting for 1.480% of its total share capital [2]. - Miniso (09896) repurchased 15,000 shares for 557,900 yuan, with a total annual buyback of 3.2419 million shares, representing 0.261% of its total share capital [2]. - Ying Group (00397) repurchased 9.2 million shares for 487,600 yuan, with a total annual buyback of 89.8 million shares, accounting for 3.780% of its total share capital [2]. - Modern Dental (03600) repurchased 100,000 shares for 424,600 yuan, with a total annual buyback of 4.1 million shares, representing 0.437% of its total share capital [2]. - Gacos (B) (01167) repurchased 47,400 shares for 354,500 yuan, with a total annual buyback of 110,400 shares, accounting for 0.014% of its total share capital [2]. - Lihong Inspection (01586) repurchased 76,000 shares for 235,600 yuan, with a total annual buyback of 1.484 million shares, representing 2.507% of its total share capital [2]. - Maple Leaf Education (01317) repurchased 428,000 shares for 158,400 yuan, with a total annual buyback of 42.554 million shares, accounting for 1.432% of its total share capital [2]. - Wanka Yilian (01762) repurchased 200,000 shares for 146,000 yuan, with a total annual buyback of 17.814 million shares, representing 1.006% of its total share capital [2]. - Hong Kong Food Investment (00060) repurchased 130,000 shares for 60,200 yuan, with a total annual buyback of 3.932 million shares, accounting for 1.515% of its total share capital [2].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 第 1 頁 共 7 頁 v 1.3.0 | 1). | 購回股份擬註銷但尚未註銷 | | 108,000 | 0.04195 % | HKD | 0.43713 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年4月1日 | | | | | | 2). | 購回股份擬註銷但尚未註銷 | | 308,000 | 0.11965 % | HKD | 0.45545 | | | 變動日期 | 2025年4月2日 | | | | | | 3). | 購回股份擬註銷但尚未註銷 | | 124,000 | 0.04817 % | HKD | 0.46 | | | 變動日期 | 2025年4月3日 | | | | | | 4). | 購回股份擬註銷但尚未註銷 | | 136,000 | 0.05283 % | HKD | 0.45993 | | | 變動日期 | 2025年4月8日 | | | | | | 5) ...

Group 1 - On July 24, 17 Hong Kong-listed companies conducted share buybacks, totaling 17.15 million shares and an amount of 16.89 million HKD [1][2] - China Eastern Airlines repurchased 1.5 million shares for 4.44 million HKD, with a highest price of 2.980 HKD and a lowest price of 2.920 HKD, accumulating a total buyback amount of 606 million HKD for the year [1][2] - Mengniu Dairy repurchased 200,000 shares for 3.45 million HKD, with a highest price of 17.300 HKD and a lowest price of 17.240 HKD, accumulating a total buyback amount of 242 million HKD for the year [1][2] Group 2 - IGG repurchased 560,000 shares for 2.40 million HKD, with a highest price of 4.310 HKD and a lowest price of 4.260 HKD, accumulating a total buyback amount of 56.65 million HKD for the year [1][2] - The highest buyback amount on July 24 was from China Eastern Airlines at 4.44 million HKD, followed by Mengniu Dairy at 3.45 million HKD [1][2] - The largest number of shares repurchased on July 24 was by Ying Group, with a buyback of 5.5 million shares, followed by China Electric Power and Shoujia Technology [1][2]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 香港食品投資控股有限公司 呈交日期： 2025年7月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00060 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關 ...

Summary of Key Points Core Viewpoint - On July 23, 21 Hong Kong-listed companies conducted share buybacks, totaling 20.97 million shares and an aggregate amount of HKD 44.00 million [1][2]. Group 1: Buyback Details - VITASOY INT'L repurchased 1.402 million shares for HKD 12.98 million, with a highest price of HKD 9.260 and a lowest price of HKD 9.230, accumulating HKD 151.00 million in buybacks for the year [1][2]. - China Eastern Airlines repurchased 2.50 million shares for HKD 7.32 million, with a highest price of HKD 2.970 and a lowest price of HKD 2.900, totaling HKD 601.30 million in buybacks for the year [1][2]. - China Feihe repurchased 1.00 million shares for HKD 4.70 million, with a highest price of HKD 4.700, accumulating HKD 93.00 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on July 23 was from VITASOY INT'L at HKD 12.98 million, followed by China Eastern Airlines at HKD 7.32 million [1][2]. - In terms of share quantity, the most shares repurchased were by Shoujia Technology at 7.40 million shares, followed by China Eastern Airlines at 2.50 million shares [1][2].

Group 1 - Hong Kong Food Investment repurchased 250,000 shares at an average price of HKD 0.49 per share, totaling approximately HKD 121,500, with a cumulative repurchase of 1.748 million shares this year, representing 0.67% of total share capital [1] - As of the market close on the same day, Hong Kong Food Investment's stock price decreased by 3.92%, closing at HKD 0.49 per share [1] - Stock repurchase is generally viewed as a sign of management's confidence in the company's future, indicating that the company may believe its stock is undervalued [1] Group 2 - Hong Kong Food Investment Holdings Limited operates in the food-related investment sector, which may include production, processing, and sales channel investments, as well as strategic investments in food-related enterprises [2] - The company's performance is influenced by market demand in the food industry, fluctuations in raw material prices, and competitive dynamics [2]

FF305 | 1). | 購回股份擬註銷但尚未註銷 | | 108,000 | 0.04195 % | HKD | 0.43713 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年4月1日 | | | | | | 2). | 購回股份擬註銷但尚未註銷 | | 308,000 | 0.11965 % | HKD | 0.45545 | | | 變動日期 | 2025年4月2日 | | | | | | 3). | 購回股份擬註銷但尚未註銷 | | 124,000 | 0.04817 % | HKD | 0.46 | | | 變動日期 | 2025年4月3日 | | | | | | 4). | 購回股份擬註銷但尚未註銷 | | 136,000 | 0.05283 % | HKD | 0.45993 | | | 變動日期 | 2025年4月8日 | | | | | | 5). | 購回股份擬註銷但尚未註銷 | | 136,000 | 0.05283 % | HKD | 0.45 | | | 變動日期 | 2025年4月9日 | | | | ...