Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a holding percentage of 23.85% [1]

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a new ownership percentage of 23.85% [1]

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a new ownership percentage of 23.85% [1]

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a holding percentage of 23.85% [1]

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: 千百度國際控股有限公司 呈交日期: 2025年10月6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) | 01028 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | | 0.015 | USD | | 300,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | | 0.015 | USD | | 300,000,000 ...

Core Viewpoint - The company has agreed to sell its entire equity interest in Toy Kingdom Hong Kong Limited, which holds all the rights to the toy retail business, to Glens Hill Limited, indicating a strategic shift away from the toy retail sector [1][2]. Group 1: Sale Agreement - The sale agreement is set to be completed by September 29, 2025, after which the company will no longer have any interest in the toy retail business [1]. - The decision to sell is part of the company's broader strategy to focus on its core footwear retail and wholesale business, particularly enhancing its online sales channels [2]. Group 2: Financial Impact - The toy retail business has contributed less than 6% to the company's revenue annually from 2020 to 2024, indicating its limited importance to overall financial performance [2]. - The toy retail segment has been operating at a loss in 2021 and 2022, with profitability fluctuating around the breakeven point in 2023 and 2024, contributing minimally to the company's profits [2]. - The sale is expected to alleviate the financial burden related to the net liabilities of the target group by approximately RMB 6.5 million, thereby improving the company's overall financial condition [2].

Core Viewpoint - The company has agreed to sell its entire equity interest in Toy Kingdom Hong Kong Limited, which holds all of the group's toy retail business, to Glens Hill Limited, indicating a strategic shift away from the toy retail sector [1][2]. Group 1: Sale Agreement - The sale agreement with Glens Hill Limited is set to be completed by September 29, 2025, after which the company will no longer have any interest in the toy retail business [1]. - The decision to sell is part of the company's broader strategy to focus on its core footwear retail and wholesale business, particularly enhancing its online sales channels [2]. Group 2: Financial Impact - The toy retail business has contributed less than 6% to the group's revenue annually from 2020 to 2024, indicating its limited importance to overall financial performance [2]. - The toy retail segment experienced losses in 2021 and 2022, with 2023 and 2024 profits fluctuating around the breakeven point, contributing minimally to the group's profits [2]. - The sale is expected to alleviate the financial burden associated with the group's net liabilities by approximately RMB 6.5 million, thereby improving the overall financial condition of the company [2].

Core Viewpoint - The company, 千百度, has announced the sale of its toy retail business, Toy Kingdom Hong Kong Limited, to Glens Hill Limited, indicating a strategic shift to focus on its core footwear retail and wholesale operations [1] Group 1: Business Performance - The toy retail business has been operating at a loss in 2021 and 2022, with profitability fluctuating around the breakeven point in 2023 and 2024 after accounting for operational expenses [1] - The contribution of the toy retail business to the group's overall profit has been limited [1] Group 2: Strategic Rationale - The decision to sell the toy retail business is influenced by its limited importance to the group's revenue, ongoing losses, and the company's intention to concentrate on its footwear retail and wholesale business, particularly online sales [1] - The sale is expected to alleviate the financial burden related to the net liabilities of the toy retail business by approximately RMB 6.5 million, thereby improving the overall financial condition of the group [1] Group 3: Future Focus - The board believes that the sale will allow the company to focus on its core footwear business, optimizing operational efficiency and supporting long-term strategic goals [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 因 本 公 告 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。 C.banner International Holdings Limited 千百度國際控股有限公司 於 本 公 告 日 期，買 方 為 三 胞 的 直 接 全 資 附 屬 公 司，而 三 胞 由 袁 亞 非 先 生 擁 有 97.5%，袁 亞 非 先 生 為 本 公 司 董 事 會 主 席 兼 執 行 董 事 陳 奕 熙 先 生 的 妻 舅。因 此，就 上 市 規 則 第14A章 而 言，買 方 被 視 為 本 公 司 的 關 連 人 士。因 此，出 售 事 項根據上市規則第14A章 構 成 本 公 司 的 關 連 交 易。 由 於 出 售 事 項 的 最 高 適 用 百 分 比 率（定 義 見 上 市 規 則 第14.07條）低 於25%，而 代價總額少於10,000,000.00港 元，根 據 上 市 規 則 第14A.76(2)(b)條， ...

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 640,165,000, a decrease of 11.1% compared to RMB 720,643,000 in 2024[15] - Gross profit for the same period was RMB 381,867,000, down 9.1% from RMB 419,946,000 in 2024[15] - The company reported a loss before income tax of RMB 134,713,000, compared to a profit of RMB 68,897,000 in the previous year[15] - The loss for the period attributable to owners of the company was RMB 141,978,000, contrasting with a profit of RMB 52,414,000 in 2024[15] - Basic and diluted loss per share was RMB (6.84) cents, compared to earnings of RMB 2.52 cents per share in 2024[15] - The Group reported a loss of RMB 141.8 million for the period, compared to a profit of RMB 52.4 million for the same period in 2024, primarily due to impairment losses related to trade debts and decreased revenue from the fashion footwear business[34] - For the six months ended June 30, 2025, the Group's total revenue was RMB 640.2 million, a decrease of 11.2% compared to RMB 720.6 million in the same period last year[34] - The net loss for the period was RMB 141,800,000, compared to a profit of RMB 52,594,000 in the same period last year[181] - Total comprehensive expenses for the period amounted to RMB 149,379,000, compared to a comprehensive income of RMB 44,217,000 in 2024[181] Economic Context - China's GDP in the first half of 2025 reached RMB 66,053.6 billion, representing a year-on-year increase of 5.3%[22] - Total retail sales of consumer goods in China were RMB 2,454.58 billion from January to June 2025, reflecting a year-on-year increase of 5.0%[27] - The World Bank has lowered its forecast for global economic growth in 2025 to 2.3% due to geopolitical tensions and trade protectionism[20] - Global economic growth is projected to slow to 2.3% in the second half of 2025, marking a significant downward revision due to rising trade barriers and policy uncertainty[90] - In China, consumption growth is expected to remain weak amid declining confidence and a sluggish real estate sector[94] Retail Strategy and Operations - As of June 30, 2025, the total number of retail outlets was 968, representing a net decrease of 47 outlets since the beginning of the year[35] - The number of proprietary shoe retail outlets was 790, a net decrease of 44 outlets since the beginning of the year[35] - The Group's strategy includes optimizing channel structure and improving single-store performance to enhance operational efficiency in its offline retail network[40] - The offline sales strategy will focus on closing underperforming department stores while maintaining overall retail business stability[41] - The Group continues to optimize its retail network, focusing on improving single-store operational efficiency and maintaining stable store numbers in outlet and shopping center channels[44] - During the reporting period, the Group implemented a "consolidation and transformation" strategy, closing underperforming department stores while retaining high-efficiency stores in core business circles[45] - The Group aims to enhance same-store sales growth and reduce operational costs by concentrating resources on channels with higher growth potential[45] Supply Chain and Inventory Management - In the first half of 2025, the Group optimized inventory management by strictly controlling first order quantities to mitigate inventory backlog risks, maintaining industry-leading inventory turnover efficiency[49] - The Group established a flexible supply chain system, shortening production and replenishment cycles, and improving supply-demand matching efficiency[50] - Future plans include promoting digital upgrades in the supply chain and exploring pre-sale and on-demand production models to further reduce inventory risks[54] Product Development and Innovation - C.banner's brand matrix includes multiple self-owned brands, with a focus on expanding into fashion leisure and sports categories, which account for 60% to 70% of the product line[55][56] - The company will deepen its "hit style strategy" in the second half of 2025, enhancing market competitiveness through innovative designs while maintaining core product quality[57] - Continuous technological innovation and process upgrades are identified as core driving forces for maintaining brand vitality[57] - C.banner has established a closed-loop system of "fast design-trial production-feedback," achieving a 40% reduction in new product development cycles and a 35% increase in product sales through big data analysis[60] - The introduction of 3D digital sample technology has reduced traditional prototyping cost waste by 60%[60] - C.banner aims to expand scenario-based product lines for various life scenarios, including workplace commuting and social leisure[61] - The company focuses on a dual-track product matrix of "classic + limited edition" to maintain brand identity and market enthusiasm[61] Market Positioning and Customer Engagement - C.banner's sports and leisure shoes have become mainstream, appealing to urban consumers aged 18 to 45, who prioritize comfort and individual expression[62] - The company emphasizes a customer-centric shopping experience, featuring professional shopping guides and a family-friendly store design[68] - The company is implementing a dual-market strategy by exploring European and American orders alongside established domestic sales, enhancing product quality and flexibility in production[77] - C.banner is enhancing its omni-channel integration strategy, optimizing operations on platforms like Youzan Mall and increasing content marketing efforts on Douyin and Xiaohongshu[83] - The company has built a three-dimensional live broadcast system to improve user participation and integrate offline services with online shopping[82] - C.banner aims to deepen its presence in the Chinese market, focusing on strategic expansion and enhanced customer experience to unlock further growth opportunities[74] Financial Position and Cash Flow - As of June 30, 2025, the Group had bank balances and cash of RMB483.4 million, an increase from RMB429.7 million as of December 31, 2024[116] - Net cash generated from operating activities was RMB76.6 million, an increase of RMB49.9 million compared to RMB26.7 million in the same period last year[116] - The net current assets of the Group decreased by 21.8% to RMB672.8 million as of June 30, 2025, down from RMB859.9 million as of December 31, 2024[118] - The Group recorded a currency exchange gain of RMB 0.3 million for the six months ended June 30, 2025, compared to a loss of RMB 1.8 million in the same period of the previous year[127] - The Group's gearing ratio was 0.0% as of both December 31, 2024, and June 30, 2025, indicating no debt relative to total assets[129] Corporate Governance and Compliance - The company has adhered to all applicable corporate governance codes as of June 30, 2025[152] - The audit committee has reviewed the accounting principles and policies adopted by the group for the six months ended June 30, 2025[154] - The Group has adopted all new and revised IFRS Accounting Standards effective from January 1, 2025, with no significant changes to accounting policies[197] - The Company has not yet applied new IFRS Accounting Standards that are issued but not effective, and is assessing their potential impact[198]