Financial Performance - For the fiscal year ending December 31, 2025, the group's revenue was approximately HKD 106.1 million, a decrease of about 24.0% compared to HKD 139.6 million for the fiscal year ending December 31, 2024[3]. - The net loss attributable to the company's owners for the fiscal year ending December 31, 2025, was approximately HKD 4.7 million, significantly improved from a net loss of HKD 48.7 million for the fiscal year ending December 31, 2024[3]. - The company reported a basic loss per share of HKD 0.33 for the fiscal year ending December 31, 2025, compared to HKD 3.94 for the previous year[5]. - The company reported a net loss before tax of HKD 4.4 million for the fiscal year ending December 31, 2025, compared to a loss of HKD 45.3 million in the previous year[4]. - The company reported a net loss of HKD 4,685,000 for the year ended December 31, 2025[14]. - The group reported a net loss of HKD 4,685,000 for the year ended December 31, 2025[113]. Assets and Liabilities - The total assets as of December 31, 2025, amounted to HKD 62.3 million, down from HKD 87.6 million as of December 31, 2024[6]. - The total liabilities decreased to HKD 128.2 million as of December 31, 2025, from HKD 152.0 million as of December 31, 2024[7]. - As of December 31, 2025, total liabilities amounted to HKD 128,194,000, including trade payables of HKD 9,509,000 and lease liabilities of HKD 22,142,000[15]. - The company's cash and cash equivalents were approximately HKD 3,945,000, indicating significant liquidity concerns[15]. - The net current liabilities were HKD 87,461,000, raising doubts about the company's ability to continue as a going concern[14]. Revenue Breakdown - The company reported external sales of HKD 106,136,000 for the year ending December 31, 2025, a decrease from HKD 139,620,000 in 2024, representing a decline of approximately 24%[23][24]. - Revenue from external customers in Hong Kong decreased to HKD 8,817,000 in 2025 from HKD 19,792,000 in 2024, a decline of approximately 55%[28]. - Total revenue from three Chinese restaurants in Shenzhen was approximately HKD 97.3 million, down about 18.8% from HKD 119.8 million in the previous year, attributed to economic slowdown and increased market competition[55]. - The company recognized revenue from non-refundable upfront fees and franchise income totaling HKD 340,000 for 2025, significantly down from HKD 3,417,000 in 2024[32]. Cost Management - Employee benefits expenses were reduced to HKD 44.3 million for the fiscal year ending December 31, 2025, down from HKD 62.4 million in the previous year[4]. - Total operating expenses, including depreciation, were HKD 17,865,000 for 2025, down from HKD 22,909,000 in 2024, reflecting a reduction of approximately 22%[36]. - Other operating expenses for the year amount to approximately HKD 26.4 million, a decrease of about 21.9% from HKD 33.8 million in the previous year, attributed to reductions in various operational costs[61]. - The company is implementing cost control measures, including evaluating the possibility of layoffs or reducing salary costs to improve operational performance and cash flow[19]. Strategic Initiatives - The company is evaluating cost control measures and business plans to improve operational performance and cash flow[17]. - The company plans to raise new funds through various means, including rights issues and the placement of new shares[19]. - The company aims to expand its high-end coffee brand "Coffeenergy" through new direct-operated stores, with a memorandum of understanding signed with a partner for this initiative[19]. - The group plans to implement a dual-brand strategy for its coffee business, with actual development expected to commence in Q1 2026[56]. - The group is exploring opportunities in the health food sector, aligning with the growing global demand for authentic and traceable Chinese cuisine[83]. Corporate Governance - The company has fully complied with corporate governance codes following a change in the chairperson position on June 30, 2025[94]. - The company has committed to maintaining high standards of corporate governance and business ethics to protect shareholder interests[89]. - The board believes that the current arrangement of power distribution among senior management does not weaken authority and allows for effective decision-making[92]. - The company has improved its internal control policies regarding conflict of interest management and related transactions, with specific procedures for transactions exceeding HKD 3 million[98]. Future Outlook - The group anticipates new structural opportunities and growth drivers by upgrading and expanding its business from traditional restaurant operations to high-quality food and cultural health services[81]. - The group expects to face challenges related to labor shortages and competition for qualified personnel in the restaurant and coffee trading sectors[84]. - The group plans to focus on online marketing to promote existing businesses and the new Coffeenergy products, targeting young consumers through digital channels[87]. - The company plans to actively expand its food supply chain business centered around Chinese cuisine, developing traceable high-quality food materials for global commercial and household markets[88].

代 表 猫屎咖啡控股有限公司 主 席 崔志強 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 就 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。 Kafelaku Coffee Holding Limited 猫屎咖啡控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1869） 董事會會議日期 猫 屎 咖 啡 控 股 有 限 公 司（「本公司」）宣 佈，本 公 司 謹 訂 於 二 零 二 六 年 三 月 三 十 日 （星 期 一）舉 行 董 事（「董 事」）會（「董事會」）會 議，藉 以（其 中 包 括）考 慮 及 批 准 本 公 司及其附屬公司截至二零二五年十二月三十一日止年度之經審核綜合財務業 績 以 供 發 佈 及 考 慮 建 議 派 發 末 期 股 息（如 有）。 香 港，二 零 二 六 年 三 月 十 八 日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 ...

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 致：香港交易及結算所有限公司 公司名稱: 猫屎咖啡控股有限公司 呈交日期: 2026年3月3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) | 01869 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 FF301 ...

Financial Support and Liquidity - The company received a loan of HKD 3.7 million from its major shareholder, Mr. Choi, to alleviate liquidity pressure and improve financial conditions [4]. - The group has secured approximately HKD 9.0 million in financing from its affiliated company and major shareholder, with an additional commitment of HKD 91 million for future operational support [5]. - The board believes that the company will have sufficient liquidity to meet operational needs for the next twelve months, ensuring continued business operations [11]. - The company is actively consulting with financial institutions to secure additional funding, prioritizing new capital raising strategies [6]. - The company plans to consider a fundraising activity by the end of Q2 2026 to strengthen its capital base and cash flow, subject to board approval [7]. Strategic Expansion - The company plans to open 2 to 3 new direct-operated stores in 2026 as part of its strategic expansion in the coffee business, targeting high-end consumer segments [8]. - The company has signed a memorandum of understanding with a partner to expand its "Add Oil Coffee" brand, focusing on functional coffee products for younger consumers [9]. Operational Improvements - The company has initiated coffee bean trading operations, expected to enhance cash flow, with the first transaction anticipated to complete by the end of Q1 2026 [11]. - Management is implementing targeted cost control measures to enhance operational performance and cash flow [10]. - The board is committed to working closely with auditors to address the issues raised in the independent auditor's report [12].

Core Viewpoint - Cat Poop Coffee Holdings (01869.HK) has signed a non-binding memorandum of understanding with Coffee Fuel Limited to explore potential collaboration in the coffee industry [1] Group 1: Collaboration Agreement - Both parties agree to leverage their respective strengths to explore cooperation intentions, methods, and other related terms, which are subject to further negotiation and formal agreement [1] - The collaboration aims to promote the deep integration and synergistic development of their respective resources, facilitating strategic optimization and upgrades [1] Group 2: Business Development - The parties will actively explore business development in the coffee sector, focusing on enhancing the coffee supply chain, outdoor coffee chain stores, and coffee products [1] - They plan to establish international coffee trade operations to develop new product business growth points [1] Group 3: Future Cooperation - There is a possibility of future equity investment cooperation, with each party potentially introducing the other as a strategic shareholder to deepen future strategic collaboration [1] - Ongoing discussions regarding business cooperation are still in progress, and a formal agreement is yet to be signed [1] Group 4: Strategic Benefits - The board believes that the memorandum will benefit the company's existing coffee business and promote the deep integration and synergistic development of resources, creating new development opportunities for the company [1]

Core Viewpoint - Cat Poop Coffee Holdings (01869) has entered into a non-binding memorandum of understanding with Coffee Fuel Limited to explore collaborative opportunities in the coffee sector, aiming for strategic optimization and resource integration [1] Group 1: Collaboration Agreement - Both parties agree to leverage their respective strengths for deep integration and collaborative development, enhancing strategic optimization [1] - The collaboration will focus on exploring business development in the coffee sector, including the coffee supply chain, outdoor coffee chain stores, and coffee products [1] - The parties will establish international coffee trade operations to develop new product growth points [1] Group 2: Future Cooperation - There is a possibility of equity investment cooperation in the future, with each party potentially becoming a strategic shareholder of the other to deepen future strategic collaboration [1] - Ongoing discussions regarding business cooperation are still in progress, and a formal agreement is yet to be signed [1] - The board believes that this memorandum will benefit the company's existing coffee business and promote deep integration of resources, creating new development opportunities [1]

Core Viewpoint - The company has entered into a non-binding memorandum of understanding with Coffee Plus Limited to explore potential collaboration in the coffee industry, aiming to leverage each other's strengths for strategic optimization and development [1] Group 1: Collaboration Agreement - Both parties agree to collaborate, promoting the deep integration and synergistic development of their respective resources [1] - The exploration of business development in the coffee sector will include enhancing the coffee supply chain, outdoor coffee chain stores, and coffee products [1] - The establishment of an international coffee trade business is agreed upon, aiming to develop new growth points for product business [1] Group 2: Future Cooperation - There is a possibility of equity investment cooperation in the future, with both parties considering each other as strategic shareholders to deepen future strategic collaboration [1] - Ongoing discussions regarding business cooperation are still in progress, and a formal agreement is yet to be signed [1] - The board believes that this memorandum will benefit the company's existing coffee business and create new development opportunities through resource integration [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（「聯交所」）對 本 公 告 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 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之任何損失 承 擔 任 何 責 任。 Kafelaku Coffee Holding Limited 猫屎咖啡控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1869） 自 願 公 告－業 務 發 展 最 近 情 況 加油咖啡(Coffeenergy)資 料 猫 屎 咖 啡 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」）自 願 作 出。 – 1 – 1. 雙 方 同 意 開 展 合 作，將 推 動 各 自 優 勢 資 源 的 深 度 融 合 與 協 同 發 展，助 推 戰 略 優 化 升 級。 2. 雙 方 同 意 積 極 探 索 咖 啡 領 域 的 業 務 發 展，深 入 發 展 咖 啡 供 應 鏈 體 系、戶 外 場 景 ...

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1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: 猫屎咖啡控股有限公司 呈交日期: 2026年2月2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) | 01869 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本 ...

Core Viewpoint - Cat Poop Coffee Holdings (01869) announced significant changes in its board of directors, effective January 30, 2026, due to personal commitments of current members [1] Group 1: Board Changes - Ms. Liang Jiahui resigned as an executive director to focus more on personal matters [1] - Mr. Chen Xinjian resigned as an independent non-executive director, chairman of the legal compliance committee, member of the audit committee, and member of the nomination committee [1] - Ms. Ou Zhu was appointed as an executive director [1] - Ms. Zhao Yuanyuan was appointed as an independent non-executive director, chairman of the legal compliance committee, member of the audit committee, and member of the nomination committee [1] Group 2: Committee Composition Changes - Following Mr. Chen's resignation, he will no longer serve as chairman of the legal compliance committee, member of the audit committee, and member of the nomination committee [1] - Ms. Zhao will take over as chairman of the legal compliance committee, member of the audit committee, and member of the nomination committee [1]