公司名稱: 曠世芳香控股有限公司 呈交日期: 2025年11月4日 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 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) | 01925 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.001 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.001 HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,0 ...

（於開曼群島註冊成立之有限公司） （股份代號：1925） 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 分 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。 KWUNG'S AROMA HOLDINGS LIMITED 曠世芳香控股有限公司 有關該等租賃協議 的關連交易 背 景 董 事 會 宣 佈： 該等租賃協議的主要條款 租賃協議一 – 1 – (i) 於2025年10月31日，寧 波 曠 世 與 合 一 生 活 文 化 訂 立 租 賃 協 議 一 以 租 賃 物 業 一，用 作 生 產 設 施；及 (ii) 於2025年10月31日，寧 波 芬 緣 與 合 一 生 活 文 化 訂 立 租 賃 協 議 二 以 租 賃 物 業 二，用 作 生 產 設 施。 日 期： 2025年10月31日 租 戶： 寧波曠世 業 主 代 理： 合一生活文化 物 業： 中國浙江省寧波市鄞州區濱海工業區 ...

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 FF301 FF301 II. 已發行股份及/或庫存股份變動 公司名稱: 曠世芳香控股有限公司 呈交日期: 2025年10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) | 01925 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.001 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.001 HKD | | 10,00 ...

KWUNG'S AROMA HOLDINGS LIMITED 曠世芳香控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1925） NOTIFICATION LETTER 通知信函 Dear Non-Registered Shareholders, Kwung's Aroma Holdings Limited (the "Company") – Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.kwungs.com and the website of The Stock Exchange ...

KWUNG'S AROMA HOLDINGS LIMITED 曠世芳香控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1925） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Kwung's Aroma Holdings Limited (the "Company") – Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.kwungs.com and the website of The Stock Exchange ...

[Definitions](index=6&type=section&id=Definition) This section provides definitions for key terms and abbreviations used throughout the report to ensure clear understanding - The report defines key terms including 'Board', 'China', 'Company', 'Directors', 'Group', 'HKD', 'Hong Kong', 'Listing Rules', 'Model Code', 'RMB', 'SFO', 'Shares', 'Shareholders', 'Stock Exchange', and 'USD' to ensure clear understanding of the report content[7](index=7&type=chunk)[8](index=8&type=chunk)[11](index=11&type=chunk) [Corporate Information](index=8&type=section&id=Corporate%20information) This chapter outlines the company's board members, committee structures, key personnel, and principal places of business - The Board of Directors includes executive directors Mr. Jin Jianxin (Chairman) and Mr. Tian Dong, and independent non-executive directors Mr. Li Zhenyu, Ms. Xu Qiong, and Mr. Zhou Kai. Mr. Shao Ping resigned as a non-executive director on July 7, **2025**[13](index=13&type=chunk)[14](index=14&type=chunk) - Mr. Li Zhenyu chairs the Audit Committee, Ms. Xu Qiong was appointed as a member on July 7, **2025**, and Mr. Shao Ping resigned on the same day. Mr. Zhou Kai chairs the Remuneration Committee, and Ms. Xu Qiong chairs the Nomination Committee[13](index=13&type=chunk)[14](index=14&type=chunk)[15](index=15&type=chunk) - Mr. Liu Zhongwei serves as Company Secretary, and PricewaterhouseCoopers is the external auditor. The company has its registered office in the Cayman Islands and principal places of business in Hong Kong and China[13](index=13&type=chunk)[14](index=14&type=chunk)[16](index=16&type=chunk)[17](index=17&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20discussion%20and%20analysis) This chapter analyzes the Group's business performance, recent developments, financial position, and changes in key financial indicators [Business Review](index=10&type=section&id=BUSINESS%20REVIEW) The Group designs and manufactures home decor and fragrance products, expanding production capacity in China and overseas to enhance efficiency - The Group provides design and manufacturing solutions for home decor and home fragrance products, with core offerings being scented candles and diffusers[20](index=20&type=chunk)[24](index=24&type=chunk) - The Yinzhou plant has been operational since **2020**, equipped with advanced automation and implementing 'informatization' to enhance production efficiency and shorten lead times[21](index=21&type=chunk)[24](index=24&type=chunk) - The Wuhu production base became operational in the first half of **2025** with a building area of approximately **87,000 square meters**. Additionally, Vietnam production facilities are in use, and new facilities in Thailand are under construction, indicating active overseas capacity expansion[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) [Recent Developments](index=11&type=section&id=RECENT%20DEVELOPMENT) The EU imposed a **70.9% provisional anti-dumping duty** on Chinese candles, significantly impacting the Group's revenue and profit, with legal advice being sought - The European Commission announced on August 13, **2025**, the imposition of a **70.9% provisional anti-dumping duty** on candle products originating from China[26](index=26&type=chunk)[30](index=30&type=chunk) - Given that over **50% of the Group's sales** are from candle product orders by customers in EU member states, the Board believes the provisional duty may significantly impact the Group's overall revenue and profit[26](index=26&type=chunk)[30](index=30&type=chunk) - The European Commission stated that the findings on the provisional duty rate are temporary and may be revised during the final stage of the anti-dumping investigation. The Group is seeking legal advice regarding the provisional duty[26](index=26&type=chunk)[30](index=30&type=chunk) [Financial Review](index=11&type=section&id=FINANCIAL%20REVIEW) The Group's H1 **2025** financial performance showed modest revenue growth, declining profitability, and shifts in key balance sheet items [Revenue](index=11&type=section&id=Revenue) The Group's revenue grew by **6.7%** in H1 **2025**, mainly due to organic growth from existing customer orders Revenue Overview | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Change (RMB million) | Growth Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 356.6 | 334.2 | 22.4 | 6.7% | - Revenue growth was primarily attributable to increased purchase orders from existing customers, leading to organic business growth[28](index=28&type=chunk)[31](index=31&type=chunk) [Gross Profit and Gross Profit Margin](index=11&type=section&id=Gross%20profit%20and%20gross%20profit%20margin) Gross profit margin slightly decreased from **24.4% to 23.3%**, primarily due to the diminishing positive impact of RMB depreciation in the prior period Gross Profit Margin Change | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Gross Profit Margin | 23.3% | 24.4% | - The decrease in gross profit margin was mainly due to the positive impact of RMB depreciation against the USD in H1 **2024** no longer being significant in the current period[29](index=29&type=chunk)[32](index=32&type=chunk) [Other Income](index=12&type=section&id=Other%20income) Other income primarily includes tax incentives for high-tech enterprises, government grants, and net income from bulk raw material sales - Other income primarily includes tax incentives for high-tech enterprises in China, government grants, and net income from bulk sales of raw materials to other market participants[34](index=34&type=chunk)[40](index=40&type=chunk) [Administrative Expenses](index=12&type=section&id=Administrative%20expenses) Administrative expenses increased by **17.9%** to **RMB 51.2 million**, driven by higher staff and payroll costs for business growth and Wuhu operations Administrative Expenses Change | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Change (RMB million) | Growth Rate | | :--- | :--- | :--- | :--- | :--- | | Administrative Expenses | 51.2 | 43.4 | 7.8 | 17.9% | - The increase in administrative expenses was mainly due to higher staff numbers and payroll costs required to support business growth and the operation of the Wuhu production base[36](index=36&type=chunk)[41](index=41&type=chunk) [Selling and Marketing Expenses](index=12&type=section&id=Selling%20and%20marketing%20expenses) Selling and marketing expenses decreased by **10.4%** to **RMB 17.1 million**, primarily due to effective cost-saving measures implemented by the Group Selling and Marketing Expenses Change | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Change (RMB million) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Selling and Marketing Expenses | 17.1 | 19.0 | (2.0) | -10.4% | - The decrease in selling and marketing expenses was attributable to effective cost-saving measures implemented by the Group[38](index=38&type=chunk)[42](index=42&type=chunk) [Other Net Gains](index=12&type=section&id=Other%20gain) Other net gains significantly decreased by **85.8%** to **RMB 4.3 million**, mainly due to a one-off gain from subsidiary disposal in H1 **2024** Other Net Gains Change | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Change (RMB million) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Other Net Gains | 4.3 | 30.0 | (25.7) | -85.8% | - The decrease in balance was mainly due to a one-off gain of approximately **RMB 21.7 million** from the disposal of a subsidiary in H1 **2024**[45](index=45&type=chunk)[51](index=51&type=chunk) - Other income for the period primarily included fair value gains on fund investments of approximately **RMB 3.4 million** and foreign exchange gains of approximately **RMB 0.9 million**[39](index=39&type=chunk)[43](index=43&type=chunk) [Finance Income and Finance Costs](index=13&type=section&id=Finance%20income%20and%20finance%20costs) Finance income decreased due to lower deposit rates, while finance costs increased as the Group secured more cost-effective borrowings amid falling interest rates - The decrease in finance income was mainly due to financial institutions lowering interest rates on deposits placed with them[47](index=47&type=chunk)[52](index=52&type=chunk) - The increase in finance costs was mainly due to the Group arranging more borrowings from financial institutions at lower interest rates, making the financial arrangements more cost-effective[47](index=47&type=chunk)[52](index=52&type=chunk) [Income Tax Expenses](index=13&type=section&id=Income%20tax%20expenses) Income tax expenses decreased by **51.9%** to **RMB 3.7 million**, consistent with the Group's decline in profit before tax Income Tax Expenses Change | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Change (RMB million) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Income Tax Expenses | 3.7 | 7.7 | (4.0) | -51.9% |

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8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: 曠世芳香控股有限公司 呈交日期: 2025年9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) | 01925 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.001 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.001 | HKD | | 10,000,000 | 本月底法定/ ...

Group 1 - The company, Kwansei Fragrance (01925.HK), reported a revenue of RMB 357 million for the six months ending June 30, 2025, representing a year-on-year increase of 6.7% [1] - The gross profit for the same period was RMB 83.187 million, which is a year-on-year increase of 2.1% [1] - The profit attributable to the owners of the company was RMB 22.54 million, showing a significant year-on-year decrease of 55.7% [1] - The basic earnings per share were RMB 0.056 [1]

Group 1 - The company reported a revenue of RMB 357 million for the six months ending June 30, 2025, representing a year-on-year increase of 6.7% [1] - Shareholder profit amounted to RMB 22.54 million, which is a decrease of 55.7% compared to the previous year [1] - Earnings per share were reported at 5.6 cents [1]

Core Viewpoint - The company reported a revenue of RMB 357 million for the six months ending June 30, 2025, reflecting a year-on-year growth of 6.7% [1] - However, the profit attributable to shareholders decreased by 55.7% to RMB 22.54 million, resulting in an earnings per share of 5.6 cents [1] Financial Performance - Revenue for the period was RMB 357 million, which is an increase of 6.7% compared to the previous year [1] - The profit attributable to shareholders was RMB 22.54 million, showing a significant decline of 55.7% year-on-year [1] - Earnings per share stood at 5.6 cents [1]