FF301 本月底法定/註冊股本總額： RMB 133,400,000 | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000 | RMB | | 1 RMB | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 100,000,000 | RMB | | 1 RMB | | 100,000,000 | 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 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | ...

Group 1 - Ningbo Shuyu Clothing Co., Ltd. has been established with a registered capital of 10 million yuan [1] - The company's business scope includes wholesale and retail of sports goods and equipment, enterprise management consulting, and outdoor product sales [1] - Shuyu Clothing is wholly owned by the Shanshan brand, which is held 19.37% by Shanshan Co., Ltd. [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10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: 杉杉品牌運營股份有限公司 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 | H | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01749 | 說明 | H 股 | | | | | | | | 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 | | | 33,400,000 | | 0 | | 33,400,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 33,400,000 | | 0 | | 33,400,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | ...

FF301 本月底法定/註冊股本總額： RMB 133,400,000 | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000 RMB | | 1 | RMB | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 100,000,000 RMB | | 1 | RMB | | 100,000,000 | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ...

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聯合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，概不對因本聯合公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本聯合公告僅供參考，並不構成收購、購買或認購本公司的證券之邀請或要約，亦不在 任何司法權區構成任何投票或批准的招攬。倘本聯合公告於或向任何司法權區發佈、刊 發或派發違反任何司法權區的相關法律，則本聯合公告不擬於或向任何司法權區發佈、 刊發或派發。 杉杉品牌運營股份有限公司 駱葉飛先生 SHANSHAN BRAND MANAGEMENT CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：1749） 聯合公告 國證國際證券（香港）有限公司為及代表駱葉飛先生 提出強制性有條件現金要約以收購杉杉品牌運營股份有限公司的所有H股 （駱葉飛先生及與其一致行動人士已擁有或同意將予收購的H股除外） 及 駱葉飛先生提出強制性有條件現金要約以收購 杉杉品牌運營股份有限公司的所有內資股 （駱葉飛先生及與其一致行動人士已擁有或同意將予收購的內資股除外） (1)該等要約於首個截止日期之接納水平 ( ...

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聯合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，概不對因本聯合公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本聯合公告僅供參考，並不構成收購、購買或認購本公司的證券之邀請或要約，亦不在 任何司法權區構成任何投票或批准的招攬。倘本聯合公告於或向任何司法權區發佈、刊 發或派發違反任何司法權區的相關法律，則本聯合公告不擬於或向任何司法權區發佈、 刊發或派發。 駱葉飛先生的財務顧問 杉杉品牌運營股份有限公司 駱葉飛先生 SHANSHAN BRAND MANAGEMENT CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：1749） 聯合公告 就下列事項寄發綜合文件： 國證國際證券（香港）有限公司為及代表駱葉飛先生 提出強制性有條件現金要約以收購杉杉品牌運營股份有限公司的所有H股 （駱葉飛先生及與其一致行動人士已擁有或同意將予收購的H股除外） 及 駱葉飛先生提出強制性有條件現金要約以收購 杉杉品牌運營股份有限公司的所有內資股 （駱葉飛先生及與其一致行動人士已擁有或同意將予收購的內資股除 ...

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this GREEN form of acceptance and transfer, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this GREEN form of acceptance and transfer. 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本綠色接納及過戶表格 ...

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this WHITE form of acceptance and transfer, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this WHITE form of acceptance and transfer. 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本白色接納及過戶表格 ...

此乃要件 請即處理 閣下如對該等要約、本綜合文件及╱或隨附之接納表格之任何方面或應採取之行動有任何疑問，應諮 詢持牌證券交易商或註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如 已將名下之杉杉品牌運營股份有限公司股份全部 售出或轉讓，應立即將本綜合文件連同隨附 之接納表格送交買主或承讓人，或經手買賣或轉讓之銀行、持牌證券交易商或註冊證券機構或其他 代理商，以便轉交買主或承讓人。本綜合文件應與隨附之接納表格一併閱讀，其條文構成本綜合文件 所載該等要約條款的一部分。 以收購杉杉品牌運營股份有限公司的所有內資股 香港交易及結算所有限公司、香港聯合交易所有限公司及 香港中央結算有限公司 對本綜合文件及接 納表格的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本綜合文件 及接納表格全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 杉杉品牌運營股份有限公司 SHANSHAN BRAND MANAGEMENT CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：1749） (1)國 證 國 際 證 券（香 港）有 限 公 司 為 及 代表駱 ...

Financial Performance - For the six months ended June 30, 2025, the company's revenue decreased by approximately 10.6% to RMB 425.2 million from RMB 475.7 million for the same period in 2024[11]. - The company's net profit attributable to shareholders for the same period was RMB 12.1 million, a decrease of about 8.3% compared to RMB 13.2 million in 2024[9]. - Gross profit for the period was RMB 179.1 million, a decrease of approximately 8.7% from RMB 196.2 million for the same period in 2024[14]. - Other income significantly decreased by approximately 81.3% to RMB 0.3 million from RMB 1.6 million in the previous year, primarily due to reduced sales of raw materials and a one-time high-interest bank deposit income in 2024[15]. - Profit for the period decreased by 8.3% from RMB 13.2 million to RMB 12.1 million[23]. - Earnings per share for the period was RMB 9.05, down from RMB 9.90 in 2024[56]. - The company reported a total depreciation and amortization expense of RMB 22,109,955, an increase from RMB 16,001,685 in the previous year[79]. - The company's income tax expense for the six months ended June 30, 2025, was RMB 3,644,182, a decrease of 43.3% from RMB 6,392,999 in the same period of 2024[83]. Revenue Breakdown - Revenue from the FIRS brand accounted for 67.5% of total revenue, amounting to RMB 286.98 million, while SHANSHAN brand revenue was RMB 136.07 million, representing 32.0% of total revenue[13]. - Retail sales through e-commerce platforms accounted for 34.3% of total revenue, amounting to RMB 146.02 million, down from 36.0% in the previous year[12]. - Revenue from apparel trading was RMB 374,483,426, down from RMB 421,878,831, reflecting a decline of 11.2% year-over-year[74]. - E-commerce platform sales decreased to RMB 146,022,393 from RMB 171,229,861, a decline of 14.7%[77]. Operational Changes - The total number of retail stores decreased by approximately 11.2%, from 662 stores as of December 31, 2024, to 588 stores as of June 30, 2025[10]. - The company has optimized its e-commerce platform, leading to a decline in e-commerce revenue during the period[11]. - The company has emphasized brand culture and launched new product lines, including a light business series under the SHANSHAN brand, which has gained consumer favor[9]. - Sales and distribution expenses decreased by approximately 2.7% from RMB 151.7 million to RMB 147.6 million, mainly due to a decline in revenue from franchisee channels[17]. - Administrative expenses decreased by approximately 14.2% from RMB 21.8 million to RMB 18.7 million, primarily due to reduced professional consulting fees[18]. Investments and Projects - The company is advancing its 5G new productivity industrial park project in Ningbo, expected to be completed in Q4 2025, focusing on technological research and digital transformation[10]. - The estimated total cost for the industrial park project is RMB 280 million, with RMB 41.3 million already paid for land use rights as of June 30, 2025[31]. - The company has a significant investment in a new integrated building for product R&D and smart manufacturing, indicating a focus on technological advancement and market expansion[85]. Shareholding Structure - The company and its affiliates hold a total of 52,021,000 domestic shares, representing approximately 39.00% of the total issued shares[35]. - The total shareholding structure indicates significant concentration among major shareholders, with the top shareholders holding substantial percentages of the total shares[43][44]. - The latest report indicates a shift in ownership dynamics following the passing of Mr. Zheng, impacting the overall share distribution[44]. - As of June 30, 2025, Mr. Luo and Ms. Zhou collectively own 52,021,000 domestic shares, representing 52.021% of the domestic shares and 38.996% of the total issued shares[41]. Financial Position - Cash and cash equivalents were approximately RMB 59.1 million as of June 30, 2025, down from RMB 106.5 million as of December 31, 2024[25]. - Current assets decreased to RMB 543,971,128 from RMB 655,385,875, with a notable decline in inventory and trade receivables[58]. - Total liabilities decreased from RMB 525,604,168 to RMB 441,273,041, indicating improved financial stability[58]. - Operating cash flow for the six months was a net outflow of RMB 40,102,503, compared to RMB 24,101,011 in the previous year, indicating increased cash usage[63]. Corporate Governance - The audit committee consists of three independent non-executive directors who reviewed and approved the interim results for the period[49]. - The company did not repurchase any of its H-shares during the reporting period and holds no treasury shares as of June 30, 2025[50]. - There are no reported conflicts of interest among directors, supervisors, or major shareholders with respect to the company's business[52]. - Changes in the board of directors include the resignation of Mr. Shen Jinxin and the appointment of Mr. Wang Mingming as a non-executive director effective June 9, 2025[53].