（股份代號：1876） 首席財務官變更 百威亞太控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，Ignacio Lares （「Lares先生」）已決定卸任本公司首席財務官一職，自2026年4月1日起生效。 Lares先生已在本公司及其母公司Anheuser-Busch InBev SA/NV（「百威集團」）任職 18年。Lares先生確認，彼與董事會並無任何意見分歧，且並無有關彼辭任之事宜 須提請本公司股東垂注。 董事會亦欣然宣佈，Bernardo Novick先生（「Novick先生」）已獲委任為本公司首席 財務官，自2026年4月1日起生效。 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。 Budweiser Brewing Company APAC Limited 百威亞太控股有限公司 （於開曼群島註冊成立的有限公司） Novick先生於過去16年間，一直任職於百威集團相關公司，職能涉及財務、採 購、銷售及物流等領域。在此期間，彼因任職 ...

Group 1 - The company Budweiser APAC (01876.HK) announced the grant of a total of 29,388,393 restricted share units to certain eligible employees and directors under its new restricted share unit plan adopted on November 25, 2020, and revised on May 8, 2023 [1] - The grant of restricted share units is scheduled to occur on December 12, 2025 [1] Group 2 - Nelson Jamel will resign from his position as a non-executive director of Budweiser APAC [2]

Core Viewpoint - Budweiser APAC (01876) announced the grant of 29.388 million restricted share units to several eligible employees and directors as part of its new restricted share unit plan adopted on November 25, 2020, and revised on May 8, 2023 [1] Group 1 - The company will issue a total of 29.388 million restricted share units [1] - The issuance is aimed at eligible employees and directors [1] - The plan was initially adopted in November 2020 and revised in May 2023 [1]

格隆汇12月12日丨百威亚太(01876.HK)宣布，于2025年12月12日，公司根据其于于2020年11月25日采纳 并2023年5月8日修订的公司新受限制股份单位计划，向公司若干合资格雇员及董事(「承授人」)合共授 出29,388,393个公司受限制股份单位。 ...

智通财经APP讯，百威亚太(01876)发布公告，于2025年12月12日，公司根据其于2020年11月25日采纳并 于2023年5月8日修订的公司新受限制股份单位计划，向公司若干合资格雇员及董事合共授出2938.8万个 公司受限制股份单位。 ...

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。 Budweiser Brewing Company APAC Limited 百威亞太控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1876） 授出受限制股份單位 百威亞太控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，於2025年 12月12日（「授出日期」），本公司根據其於2020年11月25日採納並於2023年5月8 日修訂的本公司新受限制股份單位計劃（「受限制股份單位計劃」），向本公司若干 合資格僱員及董事（「承授人」）合共授出29,388,393個本公司受限制股份單位（「受 限制股份單位」）。 授出受限制股份單位 本公司謹此提述(i)日期為2023年4月13日的公告、(ii)日期為2023年4月13日的通 函（「通函」）及(iii)日期為2023年5月8日的本公司股東週年大會（「股東週年大會」） 的表決結果公告，當中載有本公司股東（「股東」）批准（其中包括）就可能根 ...

Core Insights - The beer industry in China is undergoing significant changes, with multinational companies needing to adapt to a rapidly evolving market where traditional strategies are no longer effective [1][4][24] - Domestic brands are showing strong recovery, while international brands are experiencing mixed results, highlighting a shift in consumer preferences and market dynamics [3][10][17] Industry Overview - The Chinese beer market has entered a phase of stock competition, with overall production capacity at about 70% of its peak [3] - In October, the production of beer by large-scale enterprises in China saw a year-on-year decline of 1%, with cumulative production growth for the first ten months remaining at 0% [2] Brand Performance - Domestic brands like Tsingtao, Yanjing, and Zhujiang have reported growth in revenue, profit, and sales, while international brands like Budweiser and Carlsberg are facing challenges [3][10] - Budweiser's performance in China has been declining for three consecutive years, with double-digit decreases in revenue, profit, and sales in the first three quarters of 2023 [9][10] Market Dynamics - The high-end beer market, traditionally dominated by Budweiser and Heineken, is facing pressure as the on-premise consumption channels weaken and new product categories emerge [4][25] - Heineken has successfully leveraged its partnership with China Resources to expand its market presence, achieving significant sales growth in recent years [10][20] Consumer Preferences - Chinese consumers are increasingly open to new beer categories and flavors, with a notable rise in interest for innovative products like tea-infused beers [32] - The shift in consumer behavior has led to a greater focus on non-on-premise channels, with 60% of beer sales now coming from retail channels [29] Strategic Adjustments - Budweiser is adjusting its strategy by focusing on its Harbin brand to capture growth opportunities in the 8-10 yuan price range, reflecting a broader trend of price adjustments in the industry [26][25] - Both Budweiser and Heineken are recognizing the need to enhance their presence in non-on-premise channels and adapt to changing consumer preferences [28][29]

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 公司名稱: 百威亞太控股有限公司 呈交日期: 2025年12月4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) | 01876 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 18,000,000,000 | USD | | 0.00001 USD | | 180,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 18,000,000,000 | USD | | 0.00001 USD | | 180,000 | 本月底法定/註冊股本總額： USD 180,00 ...

Market Overview - Hong Kong stocks opened higher but closed lower, with the Hang Seng Index rising 0.24% to 26,095.05 points and a total turnover of 178.25 billion HKD [1] - The Hang Seng Tech Index fell 0.37% to 5,624.04 points, while the Hang Seng China Enterprises Index increased by 0.11% to 9,182.65 points [1] Blue Chip Performance - Galaxy Entertainment (00027) led blue-chip stocks, rising 2.81% to 40.98 HKD, contributing 3.88 points to the Hang Seng Index [2] - Other notable blue-chip performers included Hengan International (01044) up 2.69% and Budweiser APAC (01876) up 2.35% [2] - WuXi AppTec (02359) fell 3.13%, negatively impacting the index by 2.2 points [2] Sector Highlights - Macau's November gaming revenue reached 21.09 billion MOP, a 14.4% year-on-year increase, exceeding market expectations [4] - The mobile phone supply chain remained active, with notable gains in companies like AAC Technologies (02018) and BYD Electronics (00285) [4][5] - The automotive sector showed mixed results, with BYD (01211) up 2.19% while Xpeng Motors (09868) fell 5.52% [5][6] Notable Stock Movements - Conant Optical (02276) surged 10.58% to 54.85 HKD following the launch of AI glasses in collaboration with Alibaba [8] - Giga Biotech (02367) rose 8.53% after announcing a share buyback plan [9] - GAC Group (02238) increased by 7.32% due to positive management announcements regarding new battery technology and partnerships [10] - Longpan Technology (02465) saw a 4.1% increase amid industry price adjustments in lithium iron phosphate [11] - 3SBio (01530) faced pressure, dropping 4.61% after announcing a share placement to raise capital [12]

Core Viewpoint - Budweiser APAC reported a decline in both revenue and net profit for Q3 2025, with challenges particularly in the Chinese market [1][3]. Financial Performance - For Q3 2025, Budweiser APAC's revenue was $1.555 billion, down 8.80% year-on-year, and net profit was $185 million, a decrease of 7.96% [3]. - Total revenue for the first nine months of 2025 was $4.691 billion, a decline of 8.09% compared to the previous year, with net profit falling by 19.95% to $594 million [3][4]. - Sales volume for the first nine months was 6.614 million kiloliters, down 7.0% year-on-year [4]. Market Performance - In the Chinese market, sales volume decreased by 9.3% and revenue fell by 11.3% in the first three quarters of 2025 [4]. - In Q3 2025, sales volume in China dropped by 11.4%, and revenue decreased by 15.1%, indicating a worsening trend [4]. Competitive Landscape - Budweiser APAC's revenue for the first half of 2025 was $224.5 million, a year-on-year decline of 7.74%, resulting in the company being surpassed by China Resources Beer, which achieved a revenue growth of 0.83% [5][6]. - In terms of net profit for the first half of 2025, Budweiser APAC reported $29.28 million, down 24.20%, while China Resources Beer saw a net profit increase of 23.04% to $57.89 million [6].