Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 （以存續方式於開曼群島註冊的有限公司） （股份代號：1837） 董事名單與其角色和職能 五谷磨房食品國際控股有限公司董事會（「董事會」）成員載列如下。 執行董事 桂常青女士 （董事長） 張澤軍先生 （首席執行官） 非執行董事 謝長安女士 王鐸先生 獨立非執行董事 張森泉先生 歐陽良宜先生 周宏騏先生 1 M 相關董事委員會之成員 | | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董事 | | | | | | （董事長） 桂常青女士 | | | | M | | 張澤軍先生 | | | | | | 謝長安女士 | | | | | | 王鐸先生 | | | | | | 張森泉先生 | | C | M | | | 歐陽良宜先生 | | M | M | C | | 周宏騏先生 | | M | C | M | 香港，2026年4月1日 附註： 2 董事會設有三個委員會。下表載列各董事會成員任職的該等委員會的成員資料。 ...

Dividend Proposal - The board of directors proposed a final dividend of HKD 0.069 per ordinary share for the year ending December 31, 2025, pending approval at the upcoming annual general meeting [3]. - The proposed final dividend represents an increase from HKD 0.04 per share in 2024, indicating a growth of 72.5% year-over-year [4]. - The clarification announcement aims to avoid confusion regarding the dividend amount, correcting the previous rounding error in the financial statements [4].

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，執行董事為桂常青女士及張澤軍先生;非執行董事為謝長安女士及王鐸先生;以及獨立非執行董事為張森泉先生、胡 芃先生及歐陽良宜先生。 第 2 頁 共 2 頁 v 1.1.1 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 五谷磨房食品國際控股有限公司 | | 股份代號 | 01837 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年12月31日止年度末期股息 | | 公告日期 | 2026年3月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12 ...

Financial Performance - The total revenue for the year ended December 31, 2025, was RMB 2,525,591,000, representing a year-on-year increase of 22.6% compared to RMB 2,060,367,000 in 2024[4] - Gross profit for the same period was RMB 1,642,541,000, up 21.1% from RMB 1,356,287,000 in 2024[4] - Profit before tax increased by 48.4% to RMB 325,816,000 from RMB 219,561,000 in the previous year[4] - Net profit attributable to shareholders was RMB 265,685,000, a 41.4% increase from RMB 187,858,000 in 2024[4] - Basic earnings per share for 2025 was RMB 0.122, compared to RMB 0.087 in 2024[4] - Revenue from customer contracts for 2025 reached RMB 2,525,591 thousand, a 22.5% increase from RMB 2,060,367 thousand in 2024[17] - Other income and gains totaled RMB 22,014 thousand in 2025, up from RMB 20,274 thousand in 2024, representing an 8.6% increase[18] - The group's profit before tax for 2025 was RMB 325,816 thousand, compared to RMB 219,561 thousand in 2024, reflecting a 48.3% growth[23] - The total tax expense for 2025 was RMB 60,131 thousand, significantly higher than RMB 31,703 thousand in 2024, marking an increase of 89.7%[22] - Proposed final dividend for 2025 is HKD 0.07 per ordinary share, up from HKD 0.04 per share in 2024, indicating a 75% increase[23] Assets and Liabilities - Total assets less current liabilities amounted to RMB 1,708,570,000, an increase from RMB 1,540,674,000 in 2024[8] - Cash and cash equivalents as of December 31, 2025, were RMB 1,011,252,000, up from RMB 835,197,000 in 2024[7] - Trade receivables increased to RMB 265.7 million in 2025 from RMB 224.1 million in 2024, showing a growth of 18.5%[26] - Trade payables increased to RMB 135.1 million in 2025 from RMB 114.0 million in 2024, reflecting a growth of 18.5%[30] - The group recorded a net current asset value of RMB 1,323.5 million as of December 31, 2025, compared to RMB 1,182.7 million as of December 31, 2024[61] Operational Highlights - The company continues to focus on the processing and sales of natural health foods in mainland China, with plans for further market expansion[9] - The company launched several new products in the functional food category, enhancing its market presence and consumer engagement[34] - The core product "Walnut Sesame Black Bean Powder" continued to show strong growth, with increased market penetration and new packaging strategies[36] - The offline channel revenue accounted for 59.2% of total revenue in 2025, up from 55.3% in 2024, while online channel revenue decreased to 40.8% from 44.7%[47] - The supermarket counter business generated revenue of RMB 967.4 million, a 23.7% increase year-over-year[39] - The offline shelf channel revenue reached RMB 527.6 million, marking a significant growth of 47.6% compared to the previous year[40] - The e-commerce channel revenue amounted to RMB 1,030.6 million, reflecting an 11.9% increase from the previous year[42] Expenses and Investments - Research and development expenses for 2025 were RMB 14,860 thousand, a decrease of 22.3% from RMB 19,119 thousand in 2024[19] - Sales and distribution expenses increased by 18.3% from approximately RMB 1,043.4 million for the year ending December 31, 2024, to approximately RMB 1,234.6 million for the year ending December 31, 2025[50] - Administrative expenses decreased by 6.0% from approximately RMB 106.1 million for the year ending December 31, 2024, to approximately RMB 99.7 million for the year ending December 31, 2025[51] - The company plans to construct a production base in Nansha, Guangzhou, with an estimated expenditure of HKD 382.1 million, of which HKD 331.8 million has been utilized[80] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and believes it has complied with all applicable provisions for the year ending December 31, 2025[74] - The audit committee consists of three independent non-executive directors: Mr. Zhang Senquan, Mr. Hu Peng, and Mr. Ouyang Liangyi, with Mr. Zhang serving as the chairman[83] - The company confirmed it has maintained sufficient public float as required by the listing rules[78] Employee and Community Engagement - The company encourages and supports employees to participate in external training courses to enhance their professional knowledge and skills[68] - The company has a dedicated team to handle environmental compliance and has implemented strict waste management procedures at its manufacturing facilities[75] - The company is committed to sustainable development and aims to strengthen its brand competitiveness through deep involvement in upstream core raw materials and continuous breakthroughs in production technology[43] Future Outlook - The company plans to enhance its product offerings in traditional Chinese dietary solutions, focusing on core products like walnut, sesame, and black bean powder to increase market penetration[43] - The company aims to optimize its channel structure for better consumer shopping experiences, continuing its strategy of all-channel collaborative development[43]

（以存續方式於開曼群島註冊的有限公司） （股份代號：1837） (1)建議修訂現有組織章程及組織章程細則；及 (2)獨立非執行董事及董事委員會變動 本公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 13.51(1)及13.51(2)條作出。 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聲明，並明確表示概不就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。 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 建議修訂現有組織章程及組織章程細則 於2026年3月30日，五谷磨房食品國際控股有限公司（「本公司」）董事（「董事」）會（「董 事會」）議決建議(i)對本公司現有經修訂及重述的組織章程及組織章程細則（「現有大 綱及細則」）作出若干修訂（「建議修訂」），以使其符合上市規則有關允許召開及舉行 虛擬或混合形式股東大會，並透過電子方式投票之最新監管規定保持一致，並與開 曼群島的適用法律保持一致；及(ii)採納納入及整合所有建議修訂的本公 ...

Investment Rating - Investment rating for the social services industry is "Positive" (maintained) [1] Core Insights - The report highlights a significant recovery in the Hong Kong real estate market, with a notable increase in both transaction volume and value for new residential properties in February 2026 [5][25] - The duty-free sales in Hainan have shown steady growth, indicating a robust economic performance since the island's closure for trade [14][13] - The invisible orthodontics market is experiencing rapid growth, with strong potential for leading companies to expand internationally [42][56] Summary by Sections Duty-Free Sales - Hainan's duty-free sales reached 60.6 billion yuan in February 2026, a year-on-year increase of 14.7%, with shopping visits up by 13.3% [14][16] - The total import and export trade in Hainan amounted to 654.9 billion yuan, reflecting a year-on-year growth of 29.1% [13] Commercial Real Estate - In February 2026, Hong Kong's new residential property transaction volume surged by 100.8% year-on-year, with transaction value increasing by 142.5% [28][31] - The market is entering a phase of rising prices and volumes, with the leading developer, Sun Hung Kai Properties, capturing 23% of the market share [32][5] Health Food Sector (Wugu Mofang) - Wugu Mofang is projected to achieve a net profit of 260-265 million yuan in 2025, representing a growth of 38%-40% [38][41] - The company reported a significant increase in sales across its online platforms, with a year-on-year growth of 71.3% in February 2026 [41][43] Invisible Orthodontics - The global market for invisible orthodontics is expected to reach approximately 12.5 billion USD by 2024, with a compound annual growth rate (CAGR) of 23.7% over the next decade [42][44] - The Chinese market is projected to see a significant increase in new cases, with a focus on children and adolescents driving growth [49][56] Market Performance - The Hong Kong consumer services index increased by 0.42%, while the retail sector declined by 5.80% during the week of March 16-20, 2026 [61][62] - New consumption categories have shown strong performance, with notable gains in companies like Le Si Group and Bu Lu Ke [64][67]

Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 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聲明，並明確表示概不就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。 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 釋義 「2026年春節期間」：指包括商超專櫃業務自2026年1月25日至2026年2月24日共31天， 線下貨架業務自2025年12月5日至2026年2月15日共73天，以及電商業務自2026年1月 1日至2026年2月16日共47天在內的期間 「2025年春節期間」：指包括商超專櫃業務自2025年1月6日至2025年2月5日共31天，線 下貨架業務自2024年11月16日至2025年1月27日共73天，以及電商業務自2024年12月 13日至2025年1月28日共47天在內的期間 （以存續方式於開曼群島註冊的有限公司） （股份代號：1837） 內幕消息 業務更新 本公告乃由五谷磨房食品國際控股有限公司（「本公司」，連同其附屬公司，「本集 ...

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聲明，並明確表示概不就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。 董事長 桂常青 香港，2026年3月18日 （以存續方式於開曼群島註冊的有限公司） （股份代號：1837） 董事會會議通告 五谷磨房食品國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈， 董事會會議將訂於2026年3月30日（星期一）舉行，以（其中包括）(i)考慮及酌情批准本 公司及其附屬公司截至2025年12月31日止年度之全年業績及其公佈；(ii)考慮建議派 付末期股息（如有）；及(iii)處理任何其他事項（如有）。 承董事會命 五谷磨房食品國際控股有限公司 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 於本公告日期，執行董事為桂常青女士及張澤軍先生；非執行董事為謝長安女士及 王鐸先生；以及獨立非執行董事為張森泉先生、胡芃先生及歐陽良宜先生。 ...

Investment Rating - The report maintains a positive investment rating for the food and beverage industry, highlighting strategic opportunities during the "14th Five-Year Plan" period [3]. Core Insights - The report emphasizes two major directions for investment: the focus on health food due to the increase in life expectancy and the encouragement of new business models and channels [5][6]. - The anticipated increase in average life expectancy to 80 years by 2030 is expected to shift health management from a disease-centered approach to a health-centered one, creating new demand for health foods [8][9]. - The report identifies community-oriented value-for-money formats and new retail supermarkets as key areas for growth, with companies like Mingming Hen Mang and Guoquan expanding their store numbers [12][11]. Summary by Sections Section 1: "14th Five-Year Plan" Focus on Consumption - The report outlines the goal of increasing average life expectancy and the shift towards proactive health management, which is expected to drive demand for health foods [8]. - It highlights the emergence of personalized health food demands, including emotional relief, weight management, and sleep management, as well as the trend towards lighter food forms like snack bars and grain powders [9]. Section 2: Encouragement of New Business Models - The report discusses the encouragement of high-quality development in wholesale and retail, as well as the expansion of community-based services and convenience living circles [11]. - It notes the rapid expansion of community-oriented value-for-money formats and new retail supermarkets, which are expected to continue thriving [12]. - The report also mentions the potential benefits for upstream supply chain companies due to category expansion and the development of private label products by downstream stores [12]. Section 3: Investment Recommendations - The report suggests focusing on high-quality health food categories that are expected to experience structural growth, as well as efficient and high-experience downstream channels that will continue to thrive [6]. - Key companies to watch include Dongpeng Beverage, Nongfu Spring, and various others in both upstream and downstream sectors [16].

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聲明，並明確表示概不就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。 (1) 有效實施業務發展戰略，整體收入穩步上升，尤其是，線下渠道業務較2024年大 幅增長；及 1 (2) 有效實施各項預算及成本控制政策，合理有效地控制了銷售及分銷開支及一般 行政開支。 本公告所載信息僅以本集團未經審核管理賬目的初步審閱及董事會目前可獲得的 其他資料為依據，並無經過本公司核數師審閱，且須待進一步審閱以作出可能調 整。本公司仍在對本集團截至2025年12月31日止年度之年度業績進行最後確認。本 集團截至2025年12月31日止年度之年度業績可能與本公告所提述信息有異。有關本 集團財務業績及表現的進一步資料將於本公司截至2025年12月31日止年度之年度業 績公告內披露，該公告預期於2026年3月底前刊發。 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 （以存續方式於開 ...