Financial Performance - Revenue for the fiscal year 2025 reached HKD 45,375 million, a 5% increase from HKD 43,093 million in 2024[2] - EBITDA for 2025 was HKD 9,548 million, reflecting a significant growth of 63% compared to HKD 5,865 million in 2024[2] - Profit before tax surged by 131% to HKD 6,363 million from HKD 2,754 million in the previous year[2] - Basic earnings per share increased by 207% to HKD 4.498 from HKD 1.464 in 2024[2] - Total comprehensive income for the year amounted to HKD 7,561 million, compared to HKD 1,327 million in 2024[5] - The net profit attributable to shareholders rose by 207% to HKD 4,984.7 million, up from HKD 1,622.0 million in the previous year[31] Dividends - The company proposed a final dividend of HKD 1.11 per share, up 106% from HKD 0.54 in 2024[2] - The proposed final dividend for the year ending December 31, 2025, is HKD 1.11 per share, compared to HKD 0.54 per share for the previous year, amounting to HKD 1,230,226,000[23] - The company proposed a special final dividend of HKD 0.40 per share for 2025, down from HKD 0.46 per share in 2024, totaling HKD 443,325,000[23] - Proposed final dividend of HKD 1.11 per share and special final dividend of HKD 0.40 per share, subject to approval at the 2026 annual general meeting[48] Assets and Liabilities - Net asset value per share rose by 8% to HKD 58.3 from HKD 54.0[2] - Non-current assets increased to HKD 61,409,163 thousand in 2025 from HKD 58,283,689 thousand in 2024, representing a growth of approximately 3.9%[6] - Current assets rose to HKD 42,466,919 thousand in 2025, up from HKD 39,500,965 thousand in 2024, marking an increase of about 4.9%[6] - Total liabilities increased to HKD 22,925,566 thousand in 2025 from HKD 19,511,178 thousand in 2024, reflecting a rise of approximately 17.4%[7] - Net assets grew to HKD 69,838,716 thousand in 2025, compared to HKD 64,739,247 thousand in 2024, indicating an increase of around 7.2%[7] Cash Flow and Debt - Cash and cash equivalents decreased to HKD 3,474,539 thousand in 2025 from HKD 3,894,324 thousand in 2024, a decline of about 10.8%[6] - The net debt ratio remained stable at 28%[2] - The company's bank borrowings due within one year increased to HKD 12,103,219 thousand in 2025 from HKD 8,959,874 thousand in 2024, reflecting a rise of approximately 35.8%[7] Segment Performance - The external sales revenue for the copper foil segment was HKD 16,911,332, while the printed circuit board segment generated HKD 13,314,350, contributing significantly to the overall performance[12] - The total segment profit for 2025 was HKD 6,767,881, compared to HKD 4,727,247 in 2024, indicating a year-over-year increase of approximately 43%[14] - The printed circuit board division's sales increased by 10% to HKD 13.314 billion, with EBITDA rising by 9% to HKD 2.225 billion[33] - The chemical division's revenue reached HKD 13.506 billion, with EBITDA increasing by 14% to HKD 1.383 billion[34] Investments and Future Plans - The group invested approximately HKD 4 billion in new production equipment and HKD 300 million in real estate construction costs during the review period[36] - The group has invested approximately HKD 1 billion in solar photovoltaic power generation projects, expected to produce 240 million kWh of green electricity annually, saving 64,000 tons of standard coal and reducing CO2 emissions by 140,000 tons[39] - The group has invested around HKD 300 million in thermal energy recovery equipment, projected to reduce CO2 emissions by 74,000 tons and save HKD 220 million in expenses in 2025, with total savings exceeding HKD 700 million by the end of 2025[39] - The group plans to add three more kilns for low dielectric constant and low expansion coefficient electronic glass fiber yarn, increasing production capacity to 12 kilns by 2026, to meet rising demand from AI developments[41] Market Position and Strategy - The company continues to focus on vertical integration and diversification to enhance competitive advantages in the market[32] - The group is committed to vertical integration in the supply chain, enhancing its market position in high-end products[42] - The company has maintained a rental strategy for residential projects in East China, achieving a rental rate of 99% for the Pu'an Garden project, contributing to stable cash flow[46] Corporate Governance - The company has agreed with Deloitte to publish preliminary consolidated financial statements for the year ending December 31, 2025, which will be approved by the board on March 16, 2026[54] - The record date for shareholders to attend and vote at the 2026 Annual General Meeting is set for May 26, 2026[53] - Shareholders must submit their share transfer documents by 4 PM on May 19, 2026, to ensure eligibility for voting at the AGM[53] - The company will suspend share transfer registration from May 20 to May 26, 2026, to determine eligible shareholders for the AGM[53]

Core Viewpoint - The stock prices of Kintor Group and Kintor Laminates have risen significantly due to a price increase announcement driven by rising raw material costs and supply constraints caused by geopolitical tensions in the Middle East [1] Group 1: Company Performance - Kintor Laminates (01888) shares increased by 9.28%, reaching HKD 22.84, while Kintor Group (00148) shares rose by 5.07%, reaching HKD 38.16 [1] - The company has implemented a 10% price increase on all thickness specifications of products, including board materials, PP (prepreg), and copper foil processing fees, effective from March 10 [1] Group 2: Market Conditions - The price surge is attributed to skyrocketing prices and tight supply of epoxy resin, natural gas, and TBBA, alongside sustained high copper prices, leading to significant cost pressures for copper-clad laminate production [1] - Kintor has raised prices three times since August 2025, with another increase in December, indicating a trend of ongoing price adjustments in response to high raw material costs [1] Group 3: Industry Outlook - According to Dongguan Securities, the outlook suggests that raw material prices will remain elevated, and the overall operating rate of downstream PCB is high [1] - The increasing market share of AI copper-clad laminate products is expected to further impact conventional production capacity, indicating a concentrated market share among copper-clad laminate manufacturers [1] - The anticipated continuation of price adjustments for copper-clad laminate products is expected to enhance the performance and profitability of related companies [1]

Core Viewpoint - The stock prices of Jiantao Group and Jiantao Laminates have risen significantly due to a price increase announcement driven by rising raw material costs and supply constraints caused by geopolitical tensions in the Middle East [1] Group 1: Company Performance - Jiantao Laminates (01888) shares increased by 9.28%, reaching HKD 22.84, while Jiantao Group (00148) shares rose by 5.07%, reaching HKD 38.16 [1] - The company has implemented a 10% price increase on all thickness specifications of products including board materials, PP (prepreg), and copper foil processing fees starting from March 10 [1] Group 2: Industry Trends - The price of epoxy resin, natural gas, and TBBA has surged, leading to tight supply and increased processing costs for copper-clad laminates [1] - Jiantao has raised prices three times since August 2025, with another increase in December, indicating a trend of sustained high raw material prices and strong demand in the PCB sector [1] - The overall PCB operating rate remains high, and the market share for copper-clad laminate manufacturers is concentrated, suggesting that the price adjustment trend for these products is likely to continue [1]

Group 1 - FMR LLC reduced its stake in Kintor Pharmaceutical (00148.HK) by selling 1,173,500 shares at an average price of HKD 40.5345 per share, amounting to approximately HKD 47.57 million [1] - Following the sale, FMR LLC's total shareholding decreased to 66,298,144 shares, representing a reduction in ownership from 6.09% to 5.98% of the total issued shares [1][3]

Group 1 - FMR LLC reduced its stake in Kwan Tong Group (00148) by 1,173,500 shares at a price of HKD 40.5345 per share, totaling approximately HKD 47.5672 million [1] - After the reduction, FMR LLC's remaining shareholding is approximately 66,298,100 shares, representing a holding percentage of 5.98% [1]

Group 1 - FMR LLC reduced its stake in Kwan Hung Holdings (00148) by 1,173,500 shares at a price of HKD 40.5345 per share, totaling approximately HKD 47.5672 million [1] - After the reduction, FMR LLC's remaining shareholding is approximately 66,298,100 shares, representing a holding percentage of 5.98% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 佈 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 KINGBOARD HOLDINGS LIMITED 建滔集團有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：148） 更改註冊辦事處地址 建滔集團有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 於 開 曼 群 島 之註冊辦事處地址已更改為JTC (Cayman) Limited, P.O. Box 30745, 60 Nexus Way, 6th Floor, Camana Bay, Grand Cayman KY1-1203, Cayman Islands。 承董事會命 建滔集團有限公司 公司秘書 羅家亮 香 港，二 零 二 六 年 三 月 五 日 於 本 公 佈 日 期，本 公 司 董 事 會 由 執 行 董 事 張 國 榮 先 生、鄭 永 耀 先 生、張 廣 軍 先 生、何 燕 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 建滔集團有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00148 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 2. 股份分類 | ...

Group 1 - The core announcement is that JianTao Group (00148.HK) has reported the resignation of independent non-executive director Zhang Mingmin, effective from February 28, 2026 [1] - Xu Liyin will be appointed as an independent non-executive director, also effective from February 28, 2026 [1]

Core Viewpoint - The announcement from Kwan Tai Group (00148) indicates a change in its board of directors, with the resignation of independent non-executive director Mr. Zhang Mingmin and the appointment of Ms. Xu Liyin as an independent non-executive director, effective from February 28, 2026 [1] Group 1 - Mr. Zhang Mingmin has resigned from his position as an independent non-executive director, effective February 28, 2026 [1] - Ms. Xu Liyin will be appointed as an independent non-executive director, also effective February 28, 2026 [1]