HUABAO INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability 於百慕達註冊成立的有限公司) (Stock Code 股份代號: 00336) NOTIFICATION LETTER 通知信函 華寶國際控股有限公司* Dear Registered Shareholder, 17 April 2025 Huabao International Holdings Limited (the "Company") – Notice of Publication of 2024 annual report, circular and notice of annual general meeting (the "Current Corporate Communication Documents") It is the responsibility of registered shareholders to provide a functional email address. If you have not pr ...

此乃要件 請即處理 閣下如對本通函有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券商、銀行經理、律 師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有華寶國際控股有限公司的股份，應立即將本通函連同隨附的 代表委任表格送交買主或承讓人，或送交經手出售或轉讓的銀行、股票經紀或其他代理， 以便轉交買主或承讓人。 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通函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 HUABAO INTERNATIONAL HOLDINGS LIMITED 華寶國際控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 回購及發行股份之一般授權、 重選董事 及 股東週年大會通告 華寶國際控股有限公司謹訂於2025年5月15日（星期四）上午10時正假座香港金鐘金鐘道 95號統一中心十樓統一會議中心一室舉行股東週年大會，股東週年大會通告載於本通函第 16頁至第21頁。隨附股東週年大會適用之代表委任表格。 若「黑色」暴雨警告或八號或以上颱風警告訊號於2025年 ...

TABLE OF CONTENT 內容索引 PAGE 頁碼 1. OVERVIEW 概述 2. REPORTING ON SUSTAINABILITY 關於本報告 3. INTEGRATING SUSTAINABILITY 深耕可持續發展 4. ENVIRONMENTAL SUSTAINABILITY 環境可持續發展 5. CARING ABOUT OUR PEOPLE 關愛我們的員工 6. DRIVING OPERATIONAL EXCELLENCE 推動卓越營運 7. CONTRIBUTING TO OUR SOCIETY 回報我們的社會 REPORT DISCLOSURE INDEX 報告披露索引 APPENDIX I: 2025 HUABAO SUSTAINABLE DEVELOPMENT GOALS 附錄一：2025華寶可持續發展目標 APPENDIX II: AHP WEIGHTING 附錄二：層級分析法權重 APPENDIX III: ENVIRONMENTAL PERFORMANCES 附錄三：環境績效 APPENDIX IV: SOCIAL PERFORMANCES 附錄四：社會績效 APP ...

Financial Performance - Revenue for 2024 reached RMB 3,373,265, an increase of 1.97% from RMB 3,307,839 in 2023[10] - Gross profit decreased to RMB 1,441,444, resulting in a gross profit margin of 42.7%, down from 44.4% in the previous year[10] - EBITDA for 2024 was a loss of RMB 69,690, compared to a profit of RMB 695,648 in 2023, reflecting an EBITDA margin of -2.1%[10] - Operating loss for the year was RMB 401,946, with an operating profit margin of -11.9%, a significant decline from 11.4% in 2023[10] - Net cash generated from operating activities was RMB 679,702, down from RMB 965,266 in the previous year[10] - The company reported a net cash position of RMB 5,329,193, an increase from RMB 2,021,538 in 2023[10] - Adjusted EBITDA for 2024 was RMB 624,126, with an adjusted EBITDA margin of 18.50%, down from 23.20% in 2023[10] - The total dividend per share for the year remained at 8.5 HK cents, with a dividend payout ratio of 106.9%[10] Strategic Development - The Group's strategic plan for 2025-2027 focuses on coordinated and diversified development, technology-driven empowerment, and international business expansion[26] - The Group aims to strengthen R&D innovation and drive growth through a culture of innovation and the development of Next-Generation Products (NGP)[26] - The Group's commitment to "Green, Nutritious and Healthy" as its core product philosophy guides its transformation towards a diversified global business structure[26] - The Group has established a three-year strategic development plan for 2025-2027, focusing on "Green, Nutritious, and Healthy" product lines and enhancing international business expansion[27] - The Group aims to strengthen R&D innovation by establishing an open and inclusive culture, optimizing internal collaboration, and focusing on Next Generation Products (NGP) to achieve breakthroughs in key technologies[27] - A dual-engine growth strategy will be adopted, balancing organic growth and mergers and acquisitions, ensuring investments align with the Group's strategic roadmap and principles of "Green, Nutritious, and Healthy"[30] Market Position and Industry Trends - The Group maintains a leading position in China's flavours and fragrances industry, with significant investments in R&D and production capabilities across multiple regions[11][12] - The Group is a leader in China's aroma raw materials field, with significant market share and advanced production technology[17] - The Group's production capacity and sales revenue in the aroma raw materials industry have reached leading domestic and international levels[20] - The Group's strategic vision includes becoming the global leader in the aroma raw materials industry and enhancing its position in the condiment market[23] - The condiment industry is gradually developing towards compound, convenient, and healthy products, driven by regional penetration and international market demand[51] Financial Stability and Debt Management - The debt ratio improved to 1.6%, down from 3.6% in the previous year, indicating better financial stability[10] - The Group's cash and bank balances increased to RMB 5,562,231,000 as of December 31, 2024, compared to RMB 2,539,493,000 in the previous year[175] - Total bank borrowings decreased to RMB 194,000,000 as of December 31, 2024, down from RMB 455,250,000 in the previous year, with a debt ratio of 1.6%[176] Research and Development - The Group's investment in R&D was approximately RMB 245 million, accounting for 7.3% of revenue, reflecting a year-over-year decrease of 0.4 percentage points[115] - The Group obtained several patents related to food flavors, enhancing its competitiveness in the market[116] - The Group has obtained multiple patents in the field of heated non-combustion tobacco products, enhancing its competitiveness in the international market[123] Challenges and Market Dynamics - The economic landscape is expected to remain challenging in 2025, but the Group is prepared to embrace these challenges and seize emerging opportunities for sustainable growth[35] - The food and beverage industry faced pressure due to a sluggish consumer market and uncertainty on the demand side[48] - The tobacco flavour market has seen a shift in customer demand patterns, leading to reduced demand for tobacco flavours as customers develop in-house flavour capabilities[73] Operational Efficiency - The Group's digital transformation program includes the completion of key platforms such as SAP ERP, enhancing operational efficiency and financial data management[132] - The integration of AI technology in the internal office platform has significantly improved document processing efficiency and R&D capabilities[133] - The average trade receivables turnover period improved to 81 days, a decrease of 16 days from 97 days in the previous year, attributed to a reduction in average trade receivables[183] Revenue Breakdown - Revenue from the F&F and Food ingredients business decreased by 8.6% to approximately RMB1,339 million, accounting for 39.6% of total revenue[59] - The revenue of the tobacco flavour CGU decreased by approximately 15.89% from approximately RMB719 million in 2023 to approximately RMB604 million in 2024, primarily due to changes in customer demand and purchasing policies[87] - The condiment business generated revenue of approximately RMB 775 million, a year-over-year increase of 2.7%, accounting for approximately 23.0% of the Group's total revenue[109] Impairments and Losses - Goodwill impairment recognized was approximately RMB630 million, compared to approximately RMB56.5 million in the previous year[55] - The Group recognized a goodwill impairment of RMB 630,887,000 for the year, significantly higher than RMB 56,502,000 in the previous year, impacting overall profitability[172] - Provisions for impairment of receivables amounted to approximately RMB 60,732,000, up from RMB 23,745,000 in the previous year, indicating increased financial challenges[160]

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，並明確表示概不就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的任何損失承擔任何責任。 自刊發第三份公告後，本集團與廣東中煙公司於銷售協議項下的交易總金額約為人 民幣 35,002,999 元，而按獨立基準計算超過適用百分比率 1%，觸發本公司須重新遵 守上市規則第 14A 章規定的所有適用申報、披露及（如適用及需要）獨立股東批准 規定的責任。 由於根據上市規則第 14.22 條及 14.23 條就銷售協議及先前交易而按合併基準計算的 最高適用百分比率(定義見上市規則第 14.07 條)超過 1%但低於 5%。故擬進行的該等 交易須遵守申報、年度審閱及公告的規定，惟獲豁免獨立股東批准的規定。 1 （於百慕達註冊成立之有限公司） （股份代號：00336） 與客戶的關連交易 與客戶的交易 茲提述本公司分別刊登的首份公告、第二份公告及第三份公告。 自刊發第三份公告後，本集團成員公司已收到廣東中煙公司發出的採購訂單，所有 採購訂單均有關本集團成員公司向廣東中煙公司提供煙用生產原料。採購訂單的總 代價約 ...

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，並明確表示概不就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的任何損失承擔 任何責任。 HUABAO INTERNATIONAL HOLDINGS LIMITED 華 寶 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 須予披露交易 進一步認購金融產品 上市規則的涵義 由於根據上市規則第14.07條就認購該等金融產品而按合併基準計算的最高適用百分 比率高於5%但低於25%，根據上市規則第14章，認購該等金融產品將構成本公司的一 項須予披露交易，因此須遵守上市規則第14.34條所載的通知及公告規定。 進一步認購金融產品 董事會謹此公佈，於2025年3月31日（交易時間後），本集團成員公司已向興業銀行 認購且於本公告日期仍未到期的該等金融產品合計投資總額為人民幣1,310,000,000 元。 於本公告日期，董事確認（i）除該等金融產品仍未到期外，其餘的所有向興業銀行 認購的金融產品均已按照各自的條款悉數贖回；（ii）本集團相信認購該等金融產品 各自 ...

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司董事會由六名執行董事包括朱林瑤女士、林嘉宇先生、夏利群先生、潘昭國先生、林嘉炘女士及蔡文霞女 士，以及三名獨立非執行董事李祿兆先生、Jonathan Jun YAN先生及侯海濤先生組成。 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 | | | --- | --- | | 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的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 華寶國際控股有限公司 | | 股份代號 | 00336 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2024年12月31日止年度之特別股息 | | 公告日期 | 2025年3月28日 | | 公告狀態 | 新公告 | | 股息信息 | | ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of RMB 3,373,265 thousand, representing a 2.0% increase from RMB 3,307,839 thousand in 2023[3]. - The gross profit decreased to RMB 1,441,444 thousand, down 1.9% from RMB 1,469,365 thousand, resulting in a gross margin of 42.7%, compared to 44.4% in the previous year[3]. - The company recorded an operating loss of RMB 401,946 thousand, a significant decline from an operating profit of RMB 378,051 thousand in 2023, leading to an operating margin of -11.9%[3]. - The net loss attributable to equity holders was RMB 385,509 thousand, compared to a profit of RMB 233,633 thousand in 2023[3]. - The adjusted EBITDA for the year was RMB 624,126 thousand, down 18.5% from RMB 766,103 thousand, with an adjusted EBITDA margin of 18.5% compared to 23.2% in the prior year[3]. - The company reported a net loss of RMB 458,857,000 for the year ended December 31, 2024, compared to a profit of RMB 290,483,000 in the previous year, indicating a significant decline in profitability[22][23]. - The operating profit margin for 2024 was -11.9%, down from 11.4% in 2023[39]. - The group reported a loss of RMB 458,857,000 for the year ended December 31, 2024, a decline of RMB 749,340,000 compared to a profit of RMB 290,483,000 in the previous year, primarily due to goodwill impairment of RMB 630,887,000[92]. Assets and Liabilities - Total assets decreased to RMB 15,002,076 thousand from RMB 16,002,111 thousand in 2023, reflecting a decline in overall asset value[12]. - The company reported a total equity of RMB 13,720,356 thousand, down from RMB 14,271,137 thousand in the previous year[12]. - The total liabilities decreased to RMB 1,281,720 thousand from RMB 1,730,974 thousand, showing a reduction in financial obligations[12]. - As of December 31, 2024, the group's net current assets were RMB 7,034,542,000, an increase from RMB 6,975,409,000 in the previous year, with cash and bank deposits rising to RMB 5,562,231,000 from RMB 2,539,493,000[95]. - Total bank loans amounted to RMB 194,000,000 as of December 31, 2024, down from RMB 455,250,000 in the previous year, with a debt ratio of 1.6%, a decrease of 2.0 percentage points from 3.6%[96]. Revenue Segmentation - The segment revenue for the Flavor and Food Ingredients business was RMB 1,356,794,000, while the Tobacco Raw Materials segment generated RMB 486,634,000, and the Fragrance Raw Materials segment contributed RMB 799,312,000[22]. - The sales revenue from the flavor and food ingredients business was approximately RMB 1.339 billion, a decrease of 8.6% year-on-year, accounting for about 39.6% of total revenue[47]. - The sales revenue for the tobacco flavoring CGU decreased by 15.89% from approximately RMB 719 million to about RMB 604 million compared to the previous year[56]. - The sales revenue of the flavor raw materials business increased by 26.7% to approximately RMB 792 million, contributing about 23.5% to the group's total revenue[69]. - The revenue from the fragrance raw materials segment increased by 26.7% to RMB 791,523,000, while the seasoning segment's revenue rose by 2.7% to RMB 774,569,000[82]. Expenses and Costs - Total sales cost, marketing, and administrative expenses increased to RMB 3,232,865,000 in 2024 from RMB 2,996,149,000 in 2023, representing an increase of approximately 7.9%[25]. - Employee and welfare expenses rose to RMB 778,305,000 in 2024 from RMB 652,530,000 in 2023, an increase of approximately 19.3%[25]. - Selling and marketing expenses rose by 13.3% to RMB 370,150,000, accounting for approximately 11.0% of total revenue, up from 9.9%[86]. - Administrative expenses increased by 12.0% to RMB 930,894,000, representing about 27.6% of total revenue, up from 25.1%[87]. - The company incurred a total depreciation expense of RMB 227,746,000 and amortization expenses of RMB 104,510,000 for the year ended December 31, 2024[22]. Goodwill and Impairment - The group recognized goodwill impairment of approximately RMB 630 million, compared to RMB 56.5 million in 2023, significantly impacting operating results[46]. - A goodwill impairment loss of approximately RMB 504.56 million was recognized for the tobacco flavoring CGU as of December 31, 2024[58]. - The company recognized a goodwill impairment of approximately RMB 29.31 million for Yancheng Chunzhus CGU, resulting in a goodwill balance of zero[72]. Dividends and Shareholder Returns - The company proposed a special dividend of HKD 0.05 per share, an increase from HKD 0.042 per share in the previous year[3]. - The board recommends a special dividend of HKD 0.05 per share, compared to HKD 0.042 per share in 2023, amounting to approximately RMB 149.55 million (2023: RMB 123.35 million) to reward shareholders[123]. - The company did not declare a final dividend for the year 2023, which was HKD 0.008 per share[123]. Strategic Initiatives and Future Outlook - The company plans to adopt new accounting standards effective from January 1, 2025, which may impact future financial reporting[15][16]. - The company is currently evaluating the impact of new and revised accounting standards on its consolidated financial statements[18]. - The company’s management is focused on enhancing its research and development capabilities in the Flavor and Food Ingredients segment to drive future growth[21]. - The company is focusing on the development of new tobacco products and market opportunities, particularly in the area of reduced-harm technologies[48]. - The company is advancing digital transformation to lower costs and improve operational efficiency[42]. - The management outlined strategic measures for 2025, focusing on R&D innovation, AI empowerment, and international development[79][80]. Compliance and Governance - The group has adhered to the corporate governance code as stipulated by the Hong Kong Stock Exchange for the fiscal year ending December 31, 2024, ensuring compliance with best practices[120]. - The audit committee, composed entirely of independent non-executive directors, has reviewed the group's audited annual performance[128]. - The company has adopted the standard code for securities trading by directors, confirming compliance for the current year[122]. Investment and Financial Management - The company is investing surplus cash in financial products offered by banks in China to achieve higher interest rates while maintaining liquidity[113]. - The group has committed to monitoring market conditions and evaluating investment opportunities to optimize its investment portfolio, focusing on balancing risk and return for sustainable growth and financial stability[114].

HUABAO INTERNATIONAL HOLDINGS LIMITED 華 寶 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 內幕消息 華寶香精股份有限公司截至 2024 年 12 月 31 日止年度之 主要會計數據和財務指標 本公告乃由華寶國際控股有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.09條刊發及香港法例第571章證券及期貨條例第XIVA部內幕消息條文而作出。 華寶香精股份有限公司（「華寶股份」）為本公司之附屬公司及其股份於深圳證券交易所創 業板上市（代碼：300741）。按深圳證券交易所之相關規定，華寶股份在2025年3月28日已將 其截至2024年12月31日止年度報告刊載於深圳證券交易所創業板信息披露網站巨潮資訊網 (http://www.cninfo.com.cn)。 本公司之董事會謹請本公司股東及公眾投資者留意此公告附錄（「附錄」）所載根據中國企 業會計準則編製之華寶股份就上述所提及之主要會計數據及財務指標。 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 ...

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，並明確表示概不就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的任何損失 承擔任何責任。 HUABAO INTERNATIONAL HOLDINGS LIMITED 華 寶 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 附屬公司調整部分募投專案投資計劃進度 2018年，華寶國際控股有限公司（「本公司」）之附屬公司華寶香精股份有限公 司(「華寶股份」)完成首次公開募股募集(「IPO」)，募集資金總額約人民幣23.77 億元，扣除發行費用後淨募集資金約為人民幣23.12億元。華寶股份在深圳證券交 易所創業板成功上市（證券代碼：300741）。 截至2023年12月31日，未使用的淨募集資金餘額約為人民幣13.6862億元及累計的 利息及現金管理收入餘額約為人民幣2.9174億元，已結轉至2024年財政年度。截 至2024年12月31日，華寶股份已動用約人民幣9.5127億元，佔其淨募集資金約 41.15%，詳情如下： | IPO募集資金用途 | IP ...