格隆汇10月17日丨茂业国际(00848.HK)宣布，自2025年10月17日起，高亚军因决定投入更多时间于彼之 其他业务追求辞任独立非执行董事、董事会审核委员会委员及薪酬委员会委员的职位。 ...

Core Viewpoint - The announcement details the resignation of Mr. Gao Yajun as an independent non-executive director and committee member, effective October 17, 2025, to focus on other business pursuits. Ms. Xu Jing will be appointed as an independent non-executive director and will also join the audit and remuneration committees on the same date [1] Group 1 - Mr. Gao Yajun will resign from his positions to dedicate more time to other business interests [1] - Ms. Xu Jing will be appointed as an independent non-executive director and will also serve on the audit and remuneration committees starting October 17, 2025 [1]

黃茂如先生（ 董事長及首席執行官 ） 盧小娟女士( 首席財務官 ) 唐海峰先生 非執行董事 黃維正先生 獨立非執行董事 MAOYE INTERNATIONAL HOLDINGS LIMITED 茂業國際控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號: 848) 董事名單與其角色和職能 茂業國際控股有限公司董事會(「董事會」)成員載列如下: 執行董事 饒永先生（ 主席 ） 浦炳榮先生 徐靜女士 薪酬委員會 浦炳榮先生（ 主席 ） 饒永先生 徐靜女士 提名委員會 黃茂如先生（ 主席 ） 饒永先生 浦炳榮先生 日期：2025年10月17日 饒永先生 浦炳榮先生 徐靜女士 董事會轄下有三個委員會，分別為審核委員會、薪酬委員會及提名委員會。董事會成員 出任為這些委員會成員的資料載列如下: 審核委員會 ...

Group 1 - Gao Yajun will resign from his positions as independent non-executive director, member of the audit committee, and member of the remuneration committee effective October 17, 2025, to focus on other business pursuits [1] - Xu Jing has been appointed as the independent non-executive director, and also as a member of the audit committee and remuneration committee, effective October 17, 2025 [1]

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。 MAOYE INTERNATIONAL HOLDINGS LIMITED 茂業國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：848） 獨立非執行董事變動 獨立非執行董事辭任 茂業國際控股有限公司*（「 本公司」，連同其附屬公司統稱「本集團」）董事（「 董事」）會（「 董 事會」）宣佈，自2025年10月17日起，高亞軍先生因決定投入更多時間於彼之其他業務追求辭任獨立非執 行董事、董事會審核委員會委員及薪酬委員會委員的職位。 高亞軍先生已確認，彼與董事會並無任何意見分歧，亦無其他與其辭任有關的事宜須敦請本公司股東或香 港聯合交易所有限公司（「聯交所」）垂注。 董事會謹藉此機會對高亞軍先生過往任期內對本公司作出的貢獻表示衷心感謝。 獨立非執行董事委任 董事會亦宣佈，自2025年10月17起，徐靜女士（「徐女士」）獲委任為本公司獨立非執行董事，同時獲委 任為董事會審核委員會委員及薪酬委員會委員 ...

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。 MAOYE INTERNATIONAL HOLDINGS LIMITED 茂業國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：848） （1）截至 2024 年 12 月 31 日止之全年業績公告及截至 2024 年 12 月 31 日止 之年度報告；及 （2）截至 2025 年 6 月 30 日止六個月之中期業績公告之補充公告 茲提述(i)茂業國際控股有限公司（「本公司」），連同其附屬公司統稱（「本集 團」）於日期為 2025 年 3 月 31 日刊發的截至於 2024 年 12 月 31 日止年度之全 年業績公告（「全年業績公告」）、（ii)於 2025 年 4 月 14 日刊發的有關截止於 2024 年 12 月 31 日止年度之年報（「年度報告」），及（iii)於 2025 年 8 月 27 日及 2025 年 8 月 28 日刊發的有關本公司截止於 2025 年 6 月 30 ...

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: 茂業國際控股有限公司 呈交日期: 2025年10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) | 00848 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 9,000,000,000 | HKD | | 0.1 | HKD | | 900,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 9,000,000,000 | HKD | | 0.1 | HKD | | 900,000,000 | 本月底法定/註冊股 ...

Maoye International Holdings Limited 茂業國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：848） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1) , Maoye International Holdings Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") If you have difficulty in receiving email notification or gaining access to the Website Version of the Corporate Communications and would like to receive the C ...

Maoye International Holdings Limited 茂業國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：848） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders. – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.maoye.cn and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") ...

Financial Performance - For the six months ended June 30, 2025, total sales proceeds and rental income amounted to RMB 2,980,354, a decrease of 26.5% compared to RMB 4,053,269 in 2024[25] - Total operating revenue for the same period was RMB 2,040,674, down 32.4% from RMB 3,018,329 in 2024[25] - Operating profit decreased to RMB 345,872, representing a decline of 45% from RMB 628,878 in 2024[25] - Profit for the period was RMB 11,924, a significant drop of 87.5% compared to RMB 95,030 in 2024[25] - Earnings per share (basic and diluted) fell to RMB 0.5 cents, down from RMB 1.6 cents in 2024, reflecting a decrease of 68.75%[25] - Revenue for the Group was RMB 1,586.3 million, a decrease of approximately RMB 907.2 million compared to RMB 2,493.5 million in the same period last year, primarily due to a decrease in property delivery income of RMB 613.8 million[83] - Other income decreased to RMB 454.4 million, down approximately RMB 70.5 million from RMB 524.9 million in the previous year[85] - The Group recorded an operating profit of RMB 345.9 million for the six months ended June 30, 2025, representing a decrease of 45.0% from RMB 628.9 million for the same period in 2024[98] - The net profit for the first half of 2025 was RMB 11.9 million, with a profit before income tax of RMB 52.4 million[101] - Profit before income tax for the six months ended June 30, 2025, was RMB 52,394,000, a decrease from RMB 232,973,000 in the same period of 2024[173] Store Operations and Expansion - As of June 30, 2025, the Group operated 48 stores across 21 cities in China, with a total gross floor area of approximately 3.1 million sq.m., of which 79.3% was attributable to self-owned properties[19] - The Group's strategic expansion includes key cities such as Shenzhen, Zhuhai, Chengdu, and Nanjing, enhancing its market presence in rapidly growing regions[19] - The Group's stores in the South China region introduced new dining options, including GaGa Cafe and Shake Shack, enhancing the consumer experience[48] - The Taiyuan Maoye Complex launched the first MAMMUT S-class flagship store nationally, showcasing the Group's commitment to brand innovation[48] - The Inner Mongolia Mall City store introduced POP MART, while the Nanjing Maoye Complex created an anime and manga-themed district, showcasing innovative store concepts[49] - The Group's operational strategy includes the transformation of department stores into shopping centers, prioritizing experiential scenarios and composite commercial spaces[48] Market Trends and Economic Environment - China's GDP for the first half of 2025 reached RMB 66.05 trillion, representing a year-on-year increase of 5.3%[28] - Total retail sales of consumer goods in China for the first half of 2025 reached RMB 24,545.8 billion, a year-on-year increase of 4.8%[29] - Online retail sales in China reached RMB 7,429.5 billion, representing a year-on-year increase of 8.5%[29] - The domestic economy is expected to continue stabilizing growth with ongoing policy measures to boost demand[30] - Retail sales at convenience stores, supermarkets, and specialty stores increased year-on-year by 7.5%, 5.4%, and 6.4%, respectively[29] Cost Management and Financial Health - The Group achieved a year-on-year decrease in operating expenses, with water and utilities expenses down approximately 8.7% and employee expenses down approximately 16.5%[54] - Finance costs decreased by approximately 15.5% year-on-year, attributed to a slight decrease in interest rates on interest-bearing liabilities and the conversion of certain related party borrowings into perpetual bonds[54] - Employee expenses amounted to RMB 171.3 million, representing a decrease of 16.5% year-on-year due to cost reduction efforts[87] - Other operating expenses totaled RMB 414.9 million, down 20.6% from RMB 522.4 million in the previous year, attributed to effective expense control[89] Digital Transformation and E-commerce - The Group's e-commerce channel is undergoing a transformation, with live-streaming stores generating tens of millions in sales, reflecting a shift towards precision marketing[49] - The Group's digital business platform was strengthened, integrating online and offline operations to build a multi-channel operational ecosystem[59] - The "Mao Yue Hui" membership management system was established to enhance customer interaction and provide comprehensive consumption services[59] - The Group's "Mao Le Hui" online mall recorded sales of approximately RMB 93.01 million in the first half of 2025, representing a decrease compared to the same period last year[63] - The online store broadcasting business achieved performance of RMB 18.42 million, reflecting a year-on-year increase of 971%[64] Shareholder and Governance Information - The Group did not issue any ordinary shares with a dilutive effect during the reporting period[26] - The board of directors did not recommend the declaration of an interim dividend for the six months ended June 30, 2025, consistent with the previous period[117] - The company has not established any foreign exchange risk hedging arrangements as of June 30, 2025[116] - The Company has complied with the Corporate Governance Code provisions, except for the nomination committee, which currently consists of directors of a single gender[139] - The Company is committed to resolving existing litigation and transferring interests in certain department stores to the Group as per the deed of non-competition dated April 17, 2008[148] Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 46,409,004, a slight decrease from RMB 46,462,491 as of December 31, 2024[166] - Current liabilities decreased to RMB 13,234,088 from RMB 12,804,068, with contract liabilities specifically dropping from RMB 1,060,791 to RMB 945,592[166] - Non-current liabilities increased to RMB 11,474,643 from RMB 11,423,919, primarily due to an increase in interest-bearing bank and other borrowings[167] - Total equity decreased to RMB 21,700,273 from RMB 22,234,504, reflecting a reduction in reserves from RMB 12,470,145 to RMB 12,529,430[167] - The total liabilities increased to RMB 24,708,731 from RMB 24,227,987, reflecting a growing debt profile[167] Future Outlook and Strategic Initiatives - The Group aims to transform from traditional department store retail to a new retail business model, emphasizing high-efficiency offline consumption experiences[20] - The Group aims to strengthen its market position through brand adjustment and creative marketing strategies[37] - The Group is focusing on optimizing brand portfolios and marketing innovations to consolidate market leadership positions across all regions[52] - The Group is balancing short-term and long-term benefits to enhance overall performance while navigating the transition to new business formats[58] - The Group expects to continue generating cash inflows from operating activities over the next 12 months, supported by the confidence in renewing bank borrowings based on past experience and credit standing[188]