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3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: | 創科實業有限公司 | | | | 呈交日期: | 2026年4月1日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 10 頁 v 1.2.1 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 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) | 00669 | 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 | | | 1,829,209,941 | | 0 | | 1,829,209,941 ...

Investment Rating - The report maintains a "Positive" investment rating for the global tools industry, highlighting its growth potential driven by the recovery of the U.S. real estate cycle and the lithium battery trend [3][6]. Core Insights - The global tools industry is experiencing a dual benefit from the recovery of the U.S. real estate cycle and the structural upgrade driven by lithium battery adoption. The year 2026 is expected to mark a turning point with channel replenishment and real estate recovery coinciding, alongside accelerated lithium battery replacement in outdoor power equipment (OPE) [5][6]. - The industry is characterized by a steady growth trajectory, with a market size projected to reach $241.2 billion by 2025, reflecting a CAGR of 3% from 2018 to 2025. The U.S. and China together contribute over 50% of the demand [5][16]. - The report emphasizes that lithium battery adoption is a key driver for industry growth, with electric tools expected to reach a penetration rate of 65.6% by 2024, while OPE is still in the early stages of lithium battery adoption, with a projected penetration rate of only 34% [5][6]. Summary by Sections 1. Tools Industry Overview - The global tools market is valued at over $100 billion, with a steady growth rate. The market is supported by diverse applications in DIY, landscaping, industrial manufacturing, and construction [5][16]. - The market size is expected to grow to $241.2 billion by 2025, with per capita consumption reaching $31, indicating a robust demand recovery post-pandemic [5][16]. 2. U.S. Export Cycle Resonance - U.S. housing sales are a leading indicator of tool demand, influenced by Federal Reserve monetary policy. The report outlines a complete cycle from inventory replenishment to active destocking, with 2026 expected to see a gentle replenishment phase [5][7]. - Household maintenance spending in the U.S. is projected to grow at a CAGR of 8% from 2011 to 2024, providing a long-term support for industry demand [5][7]. 3. Lithium Battery Adoption - The report identifies lithium battery adoption as the main growth driver, with electric tools transitioning from rapid penetration to stable replacement phases. The penetration rate for general-use tools is nearing saturation, while professional and industrial-grade tools still have significant room for growth [5][6]. - OPE is highlighted as a key growth area, with a current penetration rate of 34% and substantial potential for improvement, particularly in North America and Europe [5][6]. 4. Competitive Landscape - The report notes an increasing concentration in the global tools market, with the top five companies holding a combined market share of approximately 59% in the electric tools segment. Chinese companies are gaining market share due to their advantages in the lithium supply chain and product iteration capabilities [5][6][26]. - The competitive dynamics are shifting, with companies like Techtronic Industries (TTI) and Stanley Black & Decker (SBD) leading the market, while Chinese firms are rapidly expanding their presence in mature markets [5][6][26].

Investment Rating - The report does not explicitly provide an investment rating for the company [2]. Core Insights - The report aligns with the views of CITIC Lyon Research, indicating that the company aims for mid to high single-digit growth for its flagship brands Milwaukee and Ryobi, while other segments may face pressure due to restructuring efforts and macro uncertainties [4]. - Strong demand for professional-grade wireless tools is supported by the return of manufacturing to the U.S., the construction of AI data centers, and on-site power generation needs [5]. - The company has achieved a 9.0% year-on-year growth in Europe, significantly outperforming competitors, indicating effective market share enhancement strategies [6]. - Despite maintaining its growth targets, the management anticipates low double-digit growth for Milwaukee and single-digit growth for Ryobi, with a goal of achieving a 10% EBIT margin by 2027 through high-margin product launches and market share expansion [7]. Summary by Sections Company Overview - Founded in 1985 in Hong Kong, the company is a leader in manufacturing and selling electric tools, accessories, hand tools, outdoor power equipment, and floor care products, targeting professional, industrial, and DIY users [10]. Revenue Breakdown - Electric tools account for 93.9% of revenue, while floor care and cleaning products contribute 6.1% [11]. - Geographically, the Americas represent 76.9% of revenue, Europe 15.9%, Asia 5.8%, and the Middle East and Africa 1.4% [11]. Stock Information - As of March 30, 2026, the stock price is HKD 102.4, with a market capitalization of USD 24.64 billion and a consensus target price of HKD 132.16 [13].

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： 創科實業有限公司 呈交日期： 2026年3月30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) | 00669 | 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 ...

創科實業有限公司 （股份代號：669） 代表委任表格 本公司訂於二零二六年五月八日舉行之股東週年大會 及其任何續會適用之代表委任表格 本人╱吾等(1) 地址為 為創科實業有限公司（「本公司」）股份(2) 股之登記持有人， 茲委任(3)大會主席或(3) 地址為， 日期： 簽署(5)： 附註： 收集個人資料聲明 （於香港註冊成立之有限公司） 1. 用正楷填上全名及地址。 2. 請填上本代表委任表格所代表以 閣下名義登記之股份數目。倘無填上股數，則本代表委任表格將視為代表所有以 閣下名義登記之本公司股份。 3. 如擬委任大會主席以外之人士為代表，請將「大會主席或」字樣刪去，並在空欄填上所擬委任代表之姓名及地址。本代表委任表格之每項更改，均需由 簽署人簡簽示可。 4. 重要提示︰ 閣下如欲投票贊成決議案，請在「贊成」欄內加上「√」號。 閣下如欲投票反對決議案，請在「反對」欄內加上「√」號。如無在欄內加上任何 「√」號，則 閣下之受委代表有權自行酌情投票。對召開大會通告所載以外但正式提呈大會之任何決議案， 閣下之受委代表亦有權自行酌情投票。 5. 本代表委任表格必須由 閣下或 閣下以書面正式授權之代理人簽署；如股東為法 ...

此乃重要通函 謹請立即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券交 易商、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創科實業有限公司（「本公司」）之股份，應立即將本通函連同隨附之代 表委任表格送交買主或其他承讓人，或送交經手買賣或轉讓之銀行、股票經紀或其他代理商，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之內容概不負責，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 而引致之任何損失承擔任何責任。 創科實業有限公司 （於香港註冊成立之有限公司） （股份代號：669） 建議重選董事、 授出發行股份及回購股份 之一般授權、 修訂組織章程細則 及 股東週年大會通告 本公司謹訂於二零二六年五月八日上午十時正假座香港中環干諾道中8號置地遮打大廈2樓舉行股東 週年大會（「股東週年大會」），議程包括提呈上述建議以供考慮，大會通告載於本通函第39頁至第42 頁。 不論 閣下擬出席股東週年大會與否，務請盡快按照隨附之代表委任表格上列印之指示填妥該表 格，並無 ...

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的任 何損失承擔任何責任。 創科實業有限公司 （於香港註冊成立之有限公司） （股份代號：669） – 1 – 1. 省覽截至二零二五年十二月三十一日止年度之賬目與董事會及核數師報 告書。 2. 宣派末期股息每股132.00港仙予於二零二六年五月十八日名列本公司股東 名冊之股東。 3. 重選董事及授權本公司董事會釐訂董事酬金。 4. 委任核數師及授權本公司董事會釐訂其酬金。 5. 「動議︰ (a) 在下文(c)段之規限下，一般及無條件批准本公司董事於有關期間（定 義見下文）行使本公司之一切權力，以配發、發行及處理本公司額外 股份，以及作出或授予將會或可能須行使該項權力之建議、協議及期 權，包括債券、票據、認股權證、債權證及可兌換為本公司股份之證 券； (b) 上文(a)段之批准授權本公司董事於有關期間作出或授予將會或可能 須於有關期間內及屆滿後行使該項權力之建議、協議及期權，包括債 券、票據、認股權證、債權證及可兌換為本公司股份之證 ...

先進防滑、防絆倒及 跌倒保護 抵禦側面及 頂部衝擊 IMPACT ARMOR 內襯提供 最佳斜向衝擊防護 目錄 環境、社會及管治 報告 2025 安全頭盔連 IMPACT ARMOR 內襯 我們的BOLT安全頭盔配備IMPACT ARMOR內襯，為工地提供先進的防滑、防絆倒及 跌倒保護。滑倒、絆倒和跌倒是工地上最常見的意外，往往會令腦部承受斜向衝擊力， 有可能造成創傷性腦損傷（TBI）。BOLT IMPACT ARMOR內襯採用RHEON技術，提供 最佳的斜向衝擊防護，有效保護腦部安全。作為BOLT系統的一部分，安全頭盔可輕鬆 整合額外的個人安全裝備（PPE）及配件，讓用戶可同時固定多種配件。 64 員工 72 社區 16 產品 82 商業行為 90 績效 90 績效指標 104 創科實業各地區業務單位 — 簡稱表 106 香港聯交所《環境、社會及管治報告指引》內容索引 124 GRI內容索引 140 SASB內容索引 執行副主席致辭 28 可持續產品 36 環境 60 社會及社區 76 管治 144 關於本報告 2 執行副主席致辭 4 業務範圍 6 策略 6 報告摘要 7 創科實業的ESG方針及策略框架 8 ...

Financial Performance - In 2025, the company achieved record sales of $15.26 billion, representing a 4.4% increase compared to 2024[21] - Net profit rose by 6.8% to $1.198 billion, with earnings per share increasing by 6.8% to 65.61 cents[10] - The company's overall revenue for the year was $15.3 billion, an increase of 4.4% from $14.6 billion in 2024[169] - Free cash flow for the year was nearly $1.4 billion, with a net cash position of $700 million at year-end[23] - The company declared a final dividend of approximately 33.08 cents per share, an increase of 13.7% from the previous year[14] - The total proposed dividend for 2025 represents an increase from HK$2.26 per share (approximately US$0.2909) in 2024[189] - The company's net profit attributable to shareholders was $1.198 billion, a 6.8% increase from $1.122 billion in 2024[169] Operational Efficiency - Gross margin increased by 91 basis points to 41.2%, driven by high-margin Milwaukee business and operational efficiency improvements[22] - EBITDA grew by 5.2% to $1.336 billion, with an EBITDA margin increase of 7 basis points to 8.8%[23] - The adjusted operating margin expanded to 8.8%, driven by improved gross margins and a focus on operational efficiency[29] - Total operating expenses for the year were $4,967,000,000, representing 32.5% of revenue, compared to 31.7% in 2024[172] - Research and development expenses amounted to $757,000,000, accounting for 5.0% of revenue, up from 4.4% in 2024[172] - The company integrated its North American floor care business and closed a factory in Charlotte, North Carolina, to enhance operational efficiency[168] Product Development and Innovation - The company is investing in advanced manufacturing, digital operations, and R&D capabilities to drive innovation and productivity[33] - The company continues to invest in new product development to maintain a competitive advantage and improve profit margins[186] - Milwaukee's sales recorded an 8.1% growth in reported currency and 7.9% in local currency, with North America growing by 7.5% and Europe by 11.0%[162] - The company launched new products including the ONEPWR carpet cleaner and LiftOut vacuum models, enhancing user experience and cleaning efficiency[160] - Milwaukee will expand its manual tool product line with new solutions designed for industry needs, emphasizing precision, durability, and productivity[96] - The company is committed to strategic acquisitions to create growth opportunities and enhance shareholder value[24] Market Performance - Milwaukee and Ryobi brands showed strong performance, with Milwaukee growing 7.9% and Ryobi 5.4% in local currency[21] - The company expects core businesses Milwaukee and Ryobi to achieve mid to high single-digit revenue growth in 2026, despite the impact of exiting the Hart business, which had revenues of $156 million in 2025[25] - Milwaukee's global potential market size is estimated at $160 billion, with significant growth potential as the company continues to expand into vertical and sub-vertical markets[163] - RYOBI's business recorded a growth of 5.4% in local currency, with a focus on expanding strategic battery platforms and introducing new tools[165] Strategic Focus - The company anticipates continued capital expenditure needs at current levels to support business expansion[23] - The company plans to expand into under-served markets and focus on geographic market expansion as a key future development[184] - The company maintains a strong balance sheet and diverse global production layout, which supports stable capital expenditures and enhances shareholder returns[25] - The company emphasizes the importance of talent and culture in driving innovation and maintaining competitiveness[34] Product Features and Technology - The M12 system continues to lead the market with over 150 tools, providing portable productivity and professional-grade solutions[43] - The M12 FUEL product line is designed to meet the most demanding needs of professional users, integrating exclusive technologies for optimal performance and durability[44] - The MX FUEL platform offers over 25 solutions, making it the largest and most powerful lightweight equipment battery system in the industry[57] - The M18 FUEL 7-1/4 inch circular saw provides best-in-class cutting performance for carpenters and general contractors[49] - The PACKOUT modular storage system includes over 125 interchangeable solutions, enhancing tool storage and organization for professionals[77] - RYOBI's new generation of HP brushless tools, including drills and saws, improves drilling and fastening speeds by up to 45% and cutting speeds by up to three times[108] Leadership and Governance - Steven Philip Richman has been appointed as CEO since May 21, 2024, and has over 17 years of experience leading Milwaukee Tool, achieving double-digit compound annual growth in sales over the past decade[193] - The board includes experienced members with extensive backgrounds in international trade, operations, and business management, enhancing strategic planning and development[191][192] - The company is committed to corporate governance and compliance, with Camille Jojo appointed as the head of legal, compliance, and corporate governance[199]

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) 第 1 頁 共 7 頁 v 1.3.0 | | | 表格類別： 股票 狀態： 新提交 公司名稱： 創科實業有限公司 呈交日期： 2026年3月19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) | 00669 | 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 ...