致：香港交易及結算所有限公司 FF301 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1月31日 狀態: 新提交 公司名稱: Café de Coral Holdings Limited 大家樂集團有限公司 (中文名稱僅供識別) 呈交日期: 2026年2月5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) | 00341 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 ...

Core Viewpoint - The report from Jefferies indicates a significant downward revision of the profit forecasts for Café de Coral (00341) for the fiscal years 2026 to 2028, with net profit estimates reduced by 52%, 51%, and 44% respectively, due to lower-than-expected improvements in profit margins [1] Group 1: Financial Performance - The company reported a 68% year-on-year decline in net profit to HKD 47 million for the first half of the fiscal year ending September 2026, which was below both Jefferies' and management's expectations [1] - Sales revenue decreased by 5% to HKD 4 billion during the same period, and adjusted EBITDA fell by 29% after excluding fair value losses and impairments from investment properties [1] Group 2: Market Conditions - The weak performance is attributed to increased market competition in the Hong Kong fast-food sector and the impact of consumers traveling to mainland China and abroad [1] Group 3: Dividend and Management Confidence - The company declared an interim dividend of HKD 0.1 per share, with a payout ratio of 122%, reflecting a strong cash position and management's confidence in improving operational conditions for the second half of the fiscal year ending March 2026 and beyond [1] Group 4: Target Price and Rating - Jefferies has lowered the target price for Café de Coral from HKD 6.81 to HKD 5.15, a reduction of 24%, while maintaining a "Hold" rating, indicating limited upside potential for the company's fast-food business transformation in Hong Kong [1]

Core Viewpoint - The report from Jefferies indicates a significant downward revision of the profit forecasts for Café de Coral (00341) for the fiscal years 2026 to 2028, with net profit estimates reduced by 52%, 51%, and 44% respectively, due to lower-than-expected improvements in profit margins [1] Financial Performance - For the first half of the fiscal year ending September 2026, the company reported a net profit decline of 68% to HKD 47 million, with sales dropping by 5% to HKD 4 billion [1] - Adjusted EBITDA, excluding fair value losses and impairments from investment properties, also fell by 29% [1] Market Conditions - The weak performance is attributed to increased market competition in the Hong Kong fast-food sector and the impact of consumers traveling to mainland China and abroad [1] Dividend and Management Confidence - The company declared an interim dividend of HKD 0.1 per share, with a payout ratio of 122%, reflecting a strong cash position and management's confidence in operational improvements for the second half of the fiscal year ending March 2026 and beyond [1] Target Price Adjustment - Jefferies has lowered the target price for Café de Coral from HKD 6.81 to HKD 5.15, a decrease of 24%, while maintaining a "Hold" rating, indicating limited upside potential for the company's fast-food business transformation in Hong Kong [1]

FF301 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12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Café de Coral Holdings Limited 大家樂集團有限公司 (中文名稱僅供識別) 呈交日期: 2026年1月7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) | 00341 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0. ...

Group 1: Economic Transformation in Hong Kong - The article highlights the ongoing economic transformation in Hong Kong, showcasing the potential in cultural creativity, technology, and green economy sectors [1] - Various businesses are focusing on quality improvement and efficiency to cater to the upgrading consumer demand [1] Group 2: Innovative Restaurant Concepts - Liu Chengming, a restaurant owner, shifted from traditional dining to a mobile game-themed restaurant, which successfully attracted customers and revealed the potential of the "grain economy" [3] - The collaboration with agents for themed events helped build a positive reputation for the restaurant [3] Group 3: Advancements in Welding Technology - Liang Zhihao transitioned from insurance sales to a welding technician, utilizing an intelligent welding system that significantly enhances productivity and safety [5] - The new system, developed with the assistance of the Hong Kong Productivity Council, allows new workers to be trained in just one month, improving the quality rate from 80% to approximately 98% [7] Group 4: Sustainable Agriculture Practices - Huang Zhanming, operator of Hongri Farm, utilizes a unique salmon bone enzyme solution for cultivating pesticide-free and fertilizer-free vegetables [9] - The farm collaborates with Maxim's Group to recycle kitchen waste into natural fertilizers, contributing to a reduction of about 24 tons of greenhouse gas emissions [11] - The article emphasizes the robust kitchen waste recycling system in Hong Kong and the presence of research institutions that facilitate agricultural technology innovation [13]

Group 1 - The top short-selling stocks include China Resources Beer (80291) with a short-selling ratio of 100.00%, Lenovo Group (80992) at 91.04%, and BYD Company (81211) at 90.24% [1][2] - The highest short-selling amounts are led by Alibaba (09988) at 1.293 billion, Tencent Holdings (00700) at 1.057 billion, and Xiaomi Group (01810) at 0.925 billion [1][2] - The stocks with the highest deviation values are China Resources Beer (80291) at 31.62%, Lenovo Group (80992) at 17.55%, and BYD Company (81211) at 32.51% [1][2] Group 2 - The top short-selling ratio rankings show that China Resources Beer has the highest ratio at 100.00%, followed by Lenovo Group at 91.04% and BYD Company at 90.24% [2] - The top short-selling amounts indicate that Alibaba leads with 1.293 billion, followed by Tencent at 1.057 billion and Xiaomi at 0.925 billion [2] - The highest deviation values are recorded for China Resources Beer at 31.62%, Xiaomi at 35.05%, and BYD at 32.51% [2]

Core Viewpoint - Mannings, a drugstore chain, announced the closure of all its offline stores and online mall in mainland China, with the last operating day for physical stores set for January 15, 2026, and the online store ceasing operations on December 28, 2025 [1][3]. Group 1: Company Performance - Mannings entered the mainland China market in 2004 and has over 120 stores in the region, but has struggled to replicate its successful business model from Hong Kong due to regulatory constraints and market differences [3][12]. - The company’s brand image in mainland China is unclear, lacking the professional authority of a pharmacy and the trendy appeal of a modern retail store [3][12]. - Other Hong Kong brands, such as Sa Sa International, have also exited the mainland market, while Watsons continues to explore options despite a 3% revenue decline and a 53% drop in profit in the first half of the year [3][5]. Group 2: Market Environment - The retail landscape in mainland China has shifted dramatically, with local brands rising and e-commerce platforms like Alibaba and JD.com changing consumer shopping habits [12]. - Traditional Hong Kong retail brands, including Mannings, have struggled to adapt to the competitive environment, often relying on outdated operational models that do not resonate with local consumers [12]. - High operational costs, including rent and labor, have further pressured profit margins for these brands, as they often choose locations in prime areas with high rental costs [12]. Group 3: Industry Trends - The trend of closing physical stores is not isolated to Mannings; other brands like AEON and Taste are also reducing their presence in mainland China due to declining performance [6][12]. - The overall market for Hong Kong retail brands is challenging, with many facing significant revenue declines and increased competition from local and online retailers [10][12]. - Experts suggest that for Hong Kong retail brands to succeed in mainland China, they need to adopt strategies such as developing O2O models, optimizing product offerings, and focusing on core urban areas [12].

Key Points - As of December 19, 38 stocks reached their 52-week highs, with Li Gao Health Life (02370), Ginkgo Education (01851), and Kangqiao Yuelife (02205) leading the high rate at 36.36%, 18.72%, and 8.70% respectively [1] - The top three stocks that achieved new highs are as follows: - Li Gao Health Life (02370) closed at 0.670, with a peak of 0.750, marking a 36.36% increase - Ginkgo Education (01851) closed at 2.430, with a peak of 2.600, marking an 18.72% increase - Kangqiao Yuelife (02205) closed at 1.200, with a peak of 1.250, marking an 8.70% increase [1] - Other notable stocks that reached new highs include Liangqing Holdings (1,000) at 7.14%, Jinxing International Holdings (02307) at 7.04%, and Wuxi Life (08148) at 6.21% [1] 52-Week Low Summary - The 52-week low rankings show that Haowen Holdings (08019) had the largest decline at -16.13%, closing at 0.130 [2] - Other significant declines include NIU Holdings (08619) at -11.86%, closing at 0.156, and Hashkey HLDGS (03887) at -9.59%, with a low of 5.090 [2] - Additional stocks with notable declines include Songdu Service (09608) at -9.09%, closing at 0.068, and Ruike Bio-B (02179) at -5.41%, closing at 5.070 [2]

CAFÉ DE CORAL HOLDINGS LIMITED 大 家 樂 集 團 有 限 公 司* (Incorporated in Bermuda with limited liability) Website: www.cafedecoral.com We hereby notify you that the English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.cafedecoral.com and on the HKEXnews's website at www.hkexnews.hk of Hong Kong Exchanges and Clearing Limited ("HKEX"). If you have elected to receive Corporate Communications(2) in printed form, the Current Corporate Communication ...

CAFÉ DE CORAL HOLDINGS LIMITED 大 家 樂 集 團 有 限 公 司* (Incorporated in Bermuda with limited liability) Website: www.cafedecoral.com (Stock Code: 341) NOT IF I CAT ION L E TT ER 通 知 信 函 16 December 2025 Dear Registered Shareholder(s), Café de Coral Holdings Limited (the "Company") – Notice of Publication of Interim Report 2025/26 (the "Current Corporate Communication") We hereby notify you that the English and Chinese versions of the Company's Current Corporate Communication are available on the Company's websit ...