Core Viewpoint - The event showcased a collaboration between food and fashion, highlighting sustainability through the use of food packaging in fashion design, marking a significant step in ESG (Environmental, Social, and Governance) initiatives [1] Group 1: Event Overview - The 2026 Spring/Summer Shanghai Fashion Week featured a unique ESG-themed fashion show titled "Food·Clothing - Plastic Talks New Life, All Things Circulate" by Master Kong [1] - This fashion show became the first carbon-neutral event of the Shanghai Fashion Week, representing a successful cross-industry collaboration [1] Group 2: Company Initiatives - Master Kong's CEO, Chen Yingrang, emphasized the company's commitment to sustainable development, encapsulated in the philosophy "Home Evergreen, Health is Blessing" [1] - The company aims to continue efforts in lightweight packaging, reuse, and recycling to contribute to a green, low-carbon, and circular lifestyle [1]

Core Viewpoint - The event showcased a groundbreaking collaboration between Master Kong and the fashion industry, transforming food packaging waste into fashionable items, emphasizing sustainability and circular economy principles [1][19][20]. Group 1: Event Overview - The 2026 Spring/Summer Shanghai Fashion Week featured a unique ESG-themed fashion show titled "Food·Fashion - Plastic Rebirth, Infinite Circulation" by Master Kong, highlighting the intersection of food and fashion [1][18]. - The show included four major products from Master Kong: Braised Beef Noodles, Fresh Q Noodles, Ice Black Tea, and Jasmine Tea, designed in collaboration with top fashion design talents from Donghua University and renowned designer Rico Lee [1][10]. Group 2: Sustainability and ESG Commitment - Master Kong's CEO, Chen Yingrang, emphasized the company's commitment to sustainable development, focusing on lightweight packaging, reuse, and recycling to contribute to a green, low-carbon lifestyle [4][19]. - The event was recognized as the first carbon-neutral collaboration at Shanghai Fashion Week, demonstrating a practical application of carbon neutrality in the fashion industry [16][18]. Group 3: Design and Innovation - The fashion show featured nearly sixty exclusive outfits designed around Master Kong's core products, showcasing innovative use of recycled materials, such as rPET and PP, to create functional fabrics and accessories [10][19]. - The designs included four thematic series: "Essence of Quality," "Deconstruction Thought," "Energy Supply Station," and "Fresh Breath," each reflecting the brand's heritage and commitment to sustainability [10][19]. Group 4: Industry Impact and Future Directions - The collaboration serves as a model for high-value resource utilization, transforming waste into fashion, and providing a tangible example of the economic viability of sustainable practices [5][19]. - Master Kong's "eESG" concept integrates economic benefits into traditional ESG frameworks, aiming to drive broader adoption of sustainable practices across the industry [19][20][23].

Core Insights - The Bay Area Financial Forum announced the "Phoenix Star Listed Companies" awards, with Kang Shifu recognized as the "Most Influential Listed Company," marking its unique position as the only instant food brand on the list [1][4] - Kang Shifu's recognition reflects a shift in the capital market's evaluation of consumer brands, indicating a deeper understanding of long-term value and industry positioning amidst market challenges [3][4] Industry Trends - The instant food industry is undergoing a structural transformation, with consumer demand shifting from "quick solutions" to "high-quality satisfaction," leading to a diversification of product offerings [3][6] - Competition among brands is evolving from a functional focus to cultural expression, emphasizing emotional connection and social interaction [3][4] Consumer Behavior - The fast-moving consumer goods (FMCG) sector is experiencing increased market segmentation, with a divide between cost-sensitive consumers and those willing to pay for quality and personalized experiences [6][9] - Kang Shifu's launch of the "Special Special" fresh noodle product signals a strategic response to this segmented consumer demand [6][9] Strategic Initiatives - Kang Shifu is proactively defining new categories and standards rather than merely defending market share, positioning itself at the forefront of industry upgrades [10][12] - The "Special Special" product exemplifies a category innovation, utilizing unique cooking techniques to enhance the consumer experience and redefine perceptions of instant noodles [12][14] Product Innovation - The "Special Special" noodles feature a unique "single-basket boiling process," ensuring a superior texture and taste compared to traditional instant noodles [14][16] - The product targets middle to high-end consumers, particularly urban professionals aged 25-40, who seek both convenience and quality [16][18] Long-term Strategy - Kang Shifu's growth strategy is rooted in long-termism, focusing on product innovation and quality enhancement to meet diverse consumer needs [19][20] - The introduction of the "Special Special" product provides channel partners with a differentiated offering, enhancing profit margins and reducing the risk of price competition [20][22] Conclusion - The launch of the "Special Special" product represents a redefinition of the instant noodle category, driven by innovation and a commitment to long-term growth, positioning Kang Shifu as a leader in the evolving market landscape [21][23]

Core Insights - The beverage market is witnessing a resurgence of sugary tea drinks after a previous trend towards sugar-free options, with sugary tea beverages regaining prominence on social media platforms [1][5][11] Market Trends - Data from QianGua indicates that the topic of "iced black tea" has generated over twice the number of related posts compared to "sugar-free tea" on Xiaohongshu in the past 90 days, with significantly higher exposure and interaction rates [2] - The ready-to-drink tea market, valued at nearly 100 billion, still sees sugary tea holding a 65% market share in offline channels as of June 2025, indicating its strong presence despite the rise of sugar-free alternatives [6] Brand Strategies - Major brands, including leading players and new entrants, are launching a variety of low-sugar and sugary products, with Genki Forest's iced tea becoming a standout item, achieving over 100 million in monthly sales and a 150% market share growth in sugary ready-to-drink tea from July 2024 to June 2025 [5][6] - The introduction of reduced-sugar versions by Genki Forest has led to significant market penetration, with its iced tea reaching the fifth position in the sugary tea segment by August 2025 [7] Consumer Behavior - The primary consumer demographic for iced tea includes working individuals aged 24-40, predominantly male, who are attracted to the product's affordability, refreshing taste, and health-conscious reduced sugar options [8] - A significant 71.4% of consumers prioritize "sugar-free/reduced sugar" labels when purchasing iced tea, while 82.9% prefer reduced-sugar formulations, highlighting a shift in consumer preferences towards healthier options [10] Product Development - Current product development strategies among brands focus on two main approaches: one involves reducing sugar content using real sugar, while the other combines real sugar with alternative sweeteners to achieve a balance between taste and health [13] - The upcoming food safety regulations in 2025 will require brands to transparently label sugar content, pushing them to communicate their sugar reduction strategies more effectively to consumers [14]

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告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 TINGYI (CAYMAN ISLANDS) HOLDING CORP. 康師傅控股有限公司* （於開曼群島註冊成立之有限公司） （股份編號：0322） 持續關連交易 於2025年10月9日，本公司與頂峰訂立供應協議，內容有關本集團將從頂峰採購 馬鈴薯變性澱粉、木薯變性澱粉及調味品，年期為截至 2028年12月31日止三個 財政年度。 由於頂峰由本公司董事會主席及執行董事魏宏名先生以及本公司執行董事魏宏丞 先生的家庭成員及親屬實益擁有，因此就上市規則第14A章而言，頂峰為本公司 關連人士，供應協議項下擬進行的交易將構成上市規則第 14A章項下的本公司持 續關連交易。 由於供應協議項下的年度上限額的適用百分比率將超過0.1%但低於5%，因此供 應協議項下擬進行的交易需遵守上市規則第 14A章項下的申報、年度審閱及公告 的規定，但豁免遵守獨立股東批准的規定。 – 1 – 背景 茲提述本公司於2022年12 ...

Core Insights - The article discusses the evolution of food consumption on trains in China, highlighting the shift from traditional snacks like instant noodles to more diverse and experiential food options that cater to modern consumer preferences [4][6][9]. Group 1: Historical Context - In 1999, the introduction of the "Golden Week" holiday led to a surge in domestic travel, with 28 million trips taken that year, generating 14.1 billion yuan in tourism revenue [5]. - By 2024, domestic travel during the National Day holiday reached 765 million trips, with total spending hitting 700.8 billion yuan [5][6]. - The transition from traditional green trains to high-speed trains has significantly reduced travel times, enhancing the travel experience [6]. Group 2: Changing Consumer Preferences - Consumers are increasingly seeking food and beverages that offer aesthetic appeal and emotional satisfaction during travel, moving beyond mere sustenance [6][9]. - New food items like specialty milk teas and creative snacks are becoming popular, reflecting a shift towards experiential consumption [7][9]. Group 3: Evolution of Train Food - Instant noodles, particularly brands like Kang Shifu, became iconic in train dining due to their convenience and affordability, with Kang Shifu's beef noodles launched in 1992 [12][14]. - The introduction of various snacks, including spicy chicken feet and ready-to-drink congee, has diversified the food options available on trains [18][20]. - The development of packaging technologies, such as modified atmosphere packaging, has improved the freshness and convenience of ready-to-eat foods like marinated meats [27][28]. Group 4: Regional and Cultural Influences - The rise of regional specialty foods on trains reflects a growing consumer desire for local experiences, with products like beef jerky and traditional snacks gaining popularity [42][47]. - The introduction of themed creative ice creams on trains showcases the blending of cultural elements with food offerings, enhancing the travel experience [38][39].

Core Insights - The article discusses the evolution of food and beverage consumption on trains in China, highlighting the shift from basic sustenance to experience-oriented products that enhance travel enjoyment [4][6][20]. Group 1: Historical Context - In 1999, the introduction of the "Golden Week" holiday led to a surge in domestic travel, with 28 million trips taken and a total tourism revenue of 14.1 billion yuan [1]. - By 2024, domestic travel during the National Day holiday reached 765 million trips, generating a total expenditure of 700.8 billion yuan [2]. Group 2: Changing Consumer Preferences - Consumers now prefer visually appealing and emotionally satisfying food and beverage options during travel, moving beyond mere hydration and sustenance [4][6]. - The demand for experience-oriented products is expected to surpass last year's levels during the National Day holiday [6]. Group 3: Food and Beverage Innovations - The introduction of instant noodles, particularly the iconic Kang Shifu beef noodles in 1992, revolutionized train food consumption, meeting the needs of travelers for convenience and affordability [8][11]. - The rise of various snack options, such as spicy chicken feet and eight-treasure porridge, reflects a diversification in train food offerings, catering to modern consumer tastes [12][16]. Group 4: Packaging and Preservation Advances - The introduction of "modified atmosphere packaging" by brands like Zhou Hei Ya has extended the shelf life of ready-to-eat products, making them more suitable for train travel [22][23]. - The growth of portable and fresh options, such as freeze-dried coffee and instant fruit teas, indicates a trend towards convenience and quality in travel snacks [25][26][28]. Group 5: Cultural and Regional Influences - The emergence of cultural-themed ice creams and regional snacks on trains highlights a growing emphasis on local experiences and culinary diversity during travel [34][36]. - Passengers are increasingly exposed to regional specialties, enhancing their travel experience and connecting them to local cultures [38][41].

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: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 康師傅控股有限公司 | 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) | 00322 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 5,636,516,360 | | | 0 | | 5,636,516,360 | | 增加 / 減少 (-) | | | | | | 0 | | | | 本月底結存 | | | 5,636,516,360 | | | 0 | | 5,636,516,360 | 第 2 頁 共 10 頁 v 1.1.1 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通 ...

Core Insights - The juice industry chain encompasses upstream raw material supply, midstream processing and manufacturing, and downstream distribution and sales, forming a complete ecosystem [2][4] - The industry is characterized by a significant market share held by low-concentration juice products [6] - Major juice industry companies are concentrated in Guangdong, Taiwan, and regions like Zhejiang and Jiangsu [9][11] Upstream Supply - Upstream focuses on raw material supply, primarily involving the cultivation of fruits like apples, citrus, and mangoes, supported by large-scale bases and cooperative models [2] - Key upstream companies include Shaanxi Haisheng Fruit Industry, Guangxi Mango Planting Cooperative, and Shanghai Wodi Intelligent Equipment [4] Midstream Processing - The midstream involves processing steps such as washing, sorting, juicing, and filtering to produce various juice products, relying on advanced technologies like cold pressing and HPP [2] - Representative companies in this segment include Nongfu Spring and Huiyuan, along with emerging firms like Tianye Co. and Tiandi Yihua [4] Downstream Distribution - Downstream sales channels include supermarkets, convenience stores, e-commerce platforms, and restaurants, driven by brand marketing and consumer health trends [2] - Major distributors include China Resources Vanguard, KFC, and Taobao [4] Regional Distribution - The juice industry is predominantly concentrated in Guangdong, with significant representation in Taiwan, Zhejiang, and Jiangsu [9][11] Investment Trends - Since 2020, major juice companies have focused on acquisitions and establishing new factories to expand their market presence [14] - Notable investments include Huiyuan Group's 4.5 billion yuan investment in a smart cold chain processing park in Sichuan [16], and Nongfu Spring's 5 billion yuan investment in a comprehensive industrial base in Jiande [16]

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告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 TINGYI (CAYMAN ISLANDS) HOLDING CORP. 康師傅控股有限公司 * （在開曼群島註冊成立之有限公司） （股份編號：0322） 海外監管公告 本公告是由康師傅控股有限公司 (「本公司」) 根據香港聯交所有限公司證券上市規則 第 13.10B 條而作出。 以下附件是本公司依臺灣證券交易所股份有限公司規定於2025年10月2日在臺灣證券交易 所股份有限公司刊發的公告。 承董事會命 康師傅控股有限公司 葉沛森 香港，2025年10月2日 公司秘書 於本公告日期，本公司之執行董事為魏宏名先生、井田純一郎先生、魏宏丞先生、筱 原幸治先生、高橋勇幸先生及曾倩女士；本公司之獨立非執行董事為徐信群先生、栃尾雅也 先生及文暮良先生。 網址: http://www.masterkong.com.cn http://www.irasia.com/listco/hk/tingyi *僅供識別 康師 ...