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11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: 維他奶國際集團有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00345 | 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 | | | 1,049,545,089 | | 0 | | 1,049,545,089 | | 增加 / 減少 (-) | | | -6,016,000 | | 0 | | | | 本月底結存 | | | 1,043,529,089 | | 0 | | ...

VITASOY INT'L回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.28 | 171.00 | 6.610 | 6.430 | 1119.61 | | 2025.11.27 | 395.20 | 6.700 | 6.480 | 2592.67 | | 2025.11.26 | 396.20 | 6.790 | 6.510 | 2662.46 | | 2025.10.22 | 23.00 | 8.040 | 8.010 | 184.67 | | 2025.10.21 | 12.00 | 8.040 | 8.040 | 96.48 | | 2025.10.17 | 102.00 | 8.040 | 8.020 | 819.55 | | 2025.10.16 | 2.00 | 8.180 | 8.180 | 16.36 | | 2025.10.15 | 37.60 | 8.180 | 8.100 | 307.09 | | 2025.10.14 | 139.8 ...

VITASOY INT'L(00345)发布公告，于2025年11月28日，该公司斥资1119.61万港元回购171万股。 ...

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： 維他奶國際集團有限公司 呈交日期： 2025年11月28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) | 00345 | 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 | 佔有關事件前的現有已發 行股份（不包括 ...

Core Viewpoint - Vitasoy International (00345.HK) reported a revenue of HKD 3.227 billion for the fiscal year 2025/2026, representing a 6% year-on-year decline, while net profit attributable to shareholders slightly increased by 1% to HKD 172 million due to cost-cutting measures [1] Group 1: Financial Performance - Revenue from mainland China decreased by 9.19% to HKD 1.778 billion, and net profit fell by 12.45% to HKD 192 million, accounting for approximately 55% of total revenue and 63.07% of net profit [1] - Revenue from Hong Kong (including Hong Kong SAR, Macau SAR, and exports) was HKD 1.112 billion, down 4% year-on-year, with net profit declining by 15.35% to HKD 135 million [2] - Total operating expenses decreased by 7% to HKD 1.441 billion, with marketing, sales, and distribution expenses down by 2% to HKD 976 million [2] Group 2: Market Dynamics - The slowdown in revenue from the mainland market is attributed to a deceleration in the growth of plant-based milk and tea products, with consumers shifting from traditional retail channels to various online platforms [1] - The company is focusing on low-sugar and no-sugar product innovations and accelerating channel optimization processes [2] Group 3: Management and Stock Performance - The mainland business has seen two leadership changes, while the 84-year-old second-generation family leader, Lo Yau Lee, has not yet retired [2] - As of the report date, Vitasoy's stock price was HKD 6.47 per share, with a market capitalization of HKD 6.752 billion, reflecting a cumulative decline of approximately 35% year-to-date [2]

Core Viewpoint - On November 27, 39 Hong Kong-listed companies conducted share buybacks, totaling 25.97 million shares and an aggregate amount of HKD 810 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 1.036 million shares for HKD 636 million, with a highest price of HKD 620.00 and a lowest price of HKD 609.00, bringing its total buyback amount for the year to HKD 66.05 billion [1][2]. - China Petroleum & Chemical Corporation (Sinopec) repurchased 9.01 million shares for HKD 40.28 million, with a highest price of HKD 4.52 and a lowest price of HKD 4.42, totaling HKD 1.525 billion in buybacks for the year [1][2]. - VITASOY International repurchased 3.952 million shares for HKD 25.93 million, with a highest price of HKD 6.70 and a lowest price of HKD 6.48, accumulating HKD 331 million in buybacks for the year [1][2]. Group 2: Ranking by Buyback Amount - The highest buyback amount on November 27 was from Tencent Holdings at HKD 636 million, followed by Sinopec at HKD 40.28 million, and VITASOY International among the top [1][2]. - In terms of buyback volume, Sinopec led with 9.01 million shares, followed by China Feihe and VITASOY International with 4 million and 3.952 million shares respectively [1][2].

Core Insights - A total of 30 companies conducted share buybacks on November 27, 2025, with Tencent Holdings (00700) leading in both the number of shares repurchased and the total amount spent [1][2]. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 1.036 million shares for a total of 636 million [2]. - Midea Group (00300) repurchased 1.2524 million shares for approximately 99.9944 million [2]. - China Petroleum & Chemical Corporation (00386) repurchased 9.01 million shares for about 40.2765 million [2]. Group 2: Cumulative Buyback Data - Tencent Holdings has a cumulative buyback of 78.922 million shares, representing 0.859% of its total share capital [2]. - China Flying Crane (06186) has a cumulative buyback of 18.7 million shares, accounting for 2.063% of its total share capital [2]. - VITASOY International (00345) has a cumulative buyback of 13.93 million shares, which is 1.327% of its total share capital [2].

Core Points - VITASOY INT'L has conducted share buybacks, repurchasing 3.952 million shares at prices ranging from HKD 6.480 to HKD 6.700, totaling HKD 25.93 million on November 27 [2] - The stock closed at HKD 6.500 on the same day, reflecting a decline of 3.13%, with a total trading volume of HKD 54.96 million [2] - Since November 26, the company has repurchased a total of 7.914 million shares, amounting to HKD 52.55 million, during which the stock has decreased by 2.69% [2] Buyback Summary - Year-to-date, VITASOY INT'L has executed 48 buybacks, totaling 38.36 million shares and an aggregate buyback amount of HKD 331 million [3] - Detailed buyback transactions include: - November 27: 395.20 thousand shares at a maximum price of HKD 6.700 and a minimum price of HKD 6.480, totaling HKD 25.93 million [3] - November 26: 396.20 thousand shares at a maximum price of HKD 6.790 and a minimum price of HKD 6.510, totaling HKD 26.62 million [3] - Other notable buybacks occurred on October 22, October 21, and earlier dates, with varying amounts and prices [4]

Core Viewpoint - Vitasoy International's performance in the mainland China market has been adversely affected by a previous public relations crisis, leading to a decline in revenue and market competitiveness. Group 1: Financial Performance - For the six months ending September 30, Vitasoy International reported a revenue of HKD 3.227 billion, a year-on-year decrease of 6% [2] - Operating profit was HKD 247 million, down 4% year-on-year, while profit attributable to shareholders slightly increased by 1% to HKD 172 million, largely due to cost-cutting measures that reduced total operating expenses by 7% [2] - Revenue from the mainland market was HKD 1.778 billion, a decline of 9% year-on-year, with a slight decrease in gross margin to 51.1% due to lower product prices and increased promotional spending [3] Group 2: Market Challenges - The decline in Vitasoy's mainland revenue is attributed to a long-standing impact from a public relations crisis in July 2021, which led to significant brand damage and a 22.77% drop in revenue for the 2022 fiscal year [3] - The company has faced ongoing revenue declines in the mainland market, with a slight recovery only expected in the 2025 fiscal year [3] - Vitasoy's product and channel strategies are losing competitiveness in a fiercely competitive mainland market, with traditional retail channels slowing down and consumers shifting towards e-commerce and chain snack stores [4] Group 3: Competitive Landscape - The plant-based milk sector is still growing, but the market growth rate has slowed, with increased competition from both new and established brands [5] - In the tea beverage segment, competition has intensified, particularly with the rise of new brands and the proliferation of chain tea shops, which have impacted Vitasoy's lemon tea sales and market share [5] Group 4: Management and Future Outlook - Since the public relations crisis in July 2021, Vitasoy's leadership has seen two changes, with the founder's second-generation leader, Lo Yau Lee, being 84 years old and not yet retired [6] - Despite short-term challenges in the mainland market, the executive chairman expressed confidence in the long-term growth potential and plans to optimize channels and innovate products, focusing on low-sugar and no-sugar options [6]

Core Viewpoint - Vitasoy International's performance in the mainland China market has been significantly impacted by a previous public relations crisis, leading to a decline in revenue and market competitiveness. Group 1: Financial Performance - For the six months ending September 30, Vitasoy International reported a revenue of HKD 3.227 billion, a year-on-year decrease of 6% [1] - Operating profit was HKD 247 million, down 4% year-on-year, while net profit attributable to shareholders slightly increased by 1% to HKD 172 million, largely due to cost-cutting measures that reduced total operating expenses by 7% [1] - Revenue from the mainland China market was HKD 1.778 billion, a decline of 9% year-on-year, with a slight decrease in gross margin to 51.1% due to lower product prices and increased promotional spending [1] Group 2: Market Challenges - The decline in Vitasoy's mainland market performance is attributed to a long-standing issue stemming from a public relations crisis in July 2021, which led to a significant drop in revenue and a shift from profit to loss in the 2022 fiscal year [3] - The company has faced ongoing revenue declines in the mainland market for two years, with only a slight recovery projected for the 2025 fiscal year [3] - Vitasoy's product and channel strategies are losing competitiveness in a rapidly evolving market, with traditional retail channels slowing down and consumers shifting towards e-commerce and chain snack stores [3] Group 3: Competitive Landscape - The plant-based milk sector is experiencing growth, but the market's growth rate is slowing, with increased competition from both new and established brands [6] - The tea beverage segment is highly competitive, with a surge in demand for sugar-free tea leading to new brands gaining market share, impacting Vitasoy's lemon tea sales [6] Group 4: Management Perspective - Since the public relations crisis, Vitasoy has seen two changes in leadership for its mainland operations, with the founder's second-generation leader, Lo Yau Lee, still at the helm at the age of 84 [7] - The executive chairman expressed confidence in the long-term potential for growth in the mainland market, emphasizing plans to optimize channels and innovate products, focusing on low-sugar and sugar-free options [7]