Core Viewpoint - The company, Kwansei Fragrance (01925), announced that its indirect wholly-owned subsidiary, Anhui Fenyuan, will subscribe to the Bamboo Run Multi-Asset Income Fund No. 2 for an amount of RMB 50 million, funded by the group's surplus cash reserves [1] Group 1 - The subscription is expected to provide better returns compared to the fixed deposit rates typically offered by Chinese commercial banks [1] - The funding for the subscription will not impact the company's working capital situation [1] - Engaging in low-risk financial management is anticipated to enhance the efficiency of the company's capital utilization and increase the returns on idle funds [1]

Group 1 - The core point of the article is that the company, Kwansei Fragrance (01925.HK), announced that its wholly-owned subsidiary, Anhui Fenyuan, will subscribe to the Bamboo Run Multi-Asset Income Fund 2, with an investment amount of RMB 50 million, funded by the group's surplus cash reserves [1] Group 2 - The investment is set to take place on January 5, 2026, indicating a long-term strategic move by the company [1] - The funding source for this investment is specified as the company's surplus cash reserves, highlighting its financial stability [1]

Core Viewpoint - The company, Kwansei Fragrance (01925), announced that its indirect wholly-owned subsidiary, Anhui Fenyuan, will subscribe to the Bamboo Run Multi-Asset Income No. 2 Private Securities Investment Fund for an amount of RMB 50 million, funded by the group's surplus cash reserves [1] Group 1 - The subscription is expected to provide better returns compared to the fixed deposit rates typically offered by Chinese commercial banks [1] - The funding for the subscription will not impact the company's operating capital status or operations [1] - Engaging in low-risk financial management is anticipated to enhance the efficiency of the company's capital utilization and increase the returns on idle funds [1]

認購基金之權益 認購基金之權益 本公司之間接全資附屬公司安徽芬緣於2026年1月5日 認 購 該 基 金 之 權 益， 金額為人民幣50,000,000元，其 由 本 集 團 之 盈 餘 現 金 儲 備 提 供 資 金。 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 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。 KWUNG'S AROMA HOLDINGS LIMITED 曠世芳香控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1925） 須予披露交易 上市規則涵義 認 購 事 項 之 若 干 適 用 百 分 比 率（定 義 見 上 市 規 則）超 過5%但低於25%。因 此， 認 購 事 項 對 本 公 司 而 言 構 成 須 予 披 露 交 易，並 須 遵 守 上 市 規 則 第14章項下 之 通 知 及 公 告 規 定。 緒 言 本公司之間接全資附屬公司安徽芬緣於2026年1月5日 認 購 該 基 金 之 權 益，金 額 ...

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12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: 2026年1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 ...

Core Insights - The Hong Kong stock market closed 2025 with the Hang Seng Index rising by 27.77%, marking its best annual performance since 2017 [1] - Among the constituents of the Hang Seng Index, China Hongqiao surged by 203.72%, leading the gains, followed by Zijin Mining at 162.29%, and SMIC at 124.69% [1][2] Group 1: Performance Highlights - China Hongqiao's stock price reached 32.620 with a year-to-date increase of 203.72% [2] - Zijin Mining's stock price was 35.660, reflecting a year-to-date rise of 162.29% [2] - SMIC's stock price stood at 71.450, with a year-to-date increase of 124.69% [2] - Hansoh Pharmaceutical increased by 113.33% year-to-date, with a stock price of 36.080 [2] - Pop Mart's stock price was 37.700, showing a year-to-date rise of 111.46% [2] - Innovent Biologics saw a year-to-date increase of 108.33%, with a stock price of 76.250 [2] - Chow Tai Fook's stock price was 12.390, reflecting a year-to-date increase of 100.16% [2] - China Biologic Products had a stock price of 6.180, with a year-to-date rise of 98.71% [2] - JD Health's stock price was 55.500, showing a year-to-date increase of 97.51% [2] - China Life's stock price stood at 27.380, with a year-to-date increase of 96.60% [2] Group 2: Sector Analysis - The performance of the top stocks reflects four main themes: cyclical resources, hard technology, innovative pharmaceuticals, and niche consumption [1] - Stocks like China Hongqiao and Zijin Mining benefited from global inflation and industrial demand [1] - SMIC represents the core of domestic substitution and technological self-reliance [1] - Companies like Hansoh and Innovent are being valued for genuine innovation and international pricing [1] - Niche consumption sectors, represented by Pop Mart, Chow Tai Fook, and JD Health, demonstrate strong vitality even in a weak recovery environment [1]

Core Viewpoint - The company, Kwansei Fragrance (01925.HK), announced its decision to redeem its remaining interests in a fund, expecting to receive approximately RMB 30.826 million by December 24, 2025 [1] Group 1 - The company’s indirect wholly-owned subsidiary, Ningbo Kwansei, issued a written notice to the fund manager to redeem its remaining interests in the fund [1] - The company has held interests in the fund for about one year, during which the fund's investment returns remained stable [1] - The board believes it is crucial to regularly review the fund's performance and prospects, and views the redemption as a way to secure unrealized gains while seeking other investment opportunities in the market [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 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 1925) 須予披露交易 進一步贖回基金之權益 進一步贖回基金之權益 茲提述曠世芳香控股有限公司（「本公司」）刊發日期為 2025 年 12 月 11 日及 2025 年 12 月 18 日內容分別有關第一次贖回事項及第二次贖回事項之公告（「該等公告」）。除文 義另有所指外，本公告所用詞彙與該等公告所界定者具有相同涵義。 繼第一次贖回事項及第二次贖回事項後，於 2025 年 12 月 24 日，本公司之間接全資附屬 公司寧波曠世向基金管理人發出書面通知，要求贖回其於該基金的剩下權益。最終贖回事 項之預計所得款項為人民幣 30,826,000 元。 上市規則涵義 由於最終贖回事項之若干適用百分比率（定義見上市規則）與第一次合併贖回事項合併計 算後超過 5%但均低於 25%， ...

Group 1 - The stock of Kwangsi Fragrance Holdings Limited (01925) closed at 1.05 HKD on December 18, 2025, down 1.87% from the previous trading day, with a trading volume of 225,100 HKD [1] - The stock reached a 52-week high of 1.52 HKD and a low of 0.94 HKD [1] Group 2 - Kwangsi Fragrance's indirect wholly-owned subsidiary, Ningbo Kwangsi, notified Shanghai Jihai Investment Management Co., Ltd. on December 17, 2025, to redeem part of its interest in the Jihai Zhize Panshi Private Securities Investment Fund, involving an amount of 30,000,000 RMB [2] - This redemption is the second occurrence, following a previous redemption of the same amount on December 10, 2025, with both redemptions combined exceeding 5% but less than 25%, constituting a disclosure transaction under the Hong Kong Stock Exchange Listing Rules [2] - The fund was initially subscribed by Ningbo Kwangsi on January 3, 2025, with a total investment of 90,000,000 RMB, and as of December 16, 2025, the fair value of the group's interest in the fund was approximately 60,823,000 RMB [2] - The estimated gain from the second redemption is about 1,502,000 RMB, including received distribution amounts of approximately 1,091,000 RMB [2] - The proceeds from the redemption are expected to be received within two days after the notification and will be used for future investments and opportunities [2] - The board believes the transaction was conducted on normal commercial terms and is in the overall interest of the company and its shareholders [2]

Core Viewpoint - The company, Kwangsi Fragrance (01925), has announced a second redemption of its interests in the Jihai Zhize Panshi Private Securities Investment Fund, following an initial redemption event [1] Group 1 - The indirect wholly-owned subsidiary of the company, Ningbo Kwangsi, issued a written notice to the fund manager on December 17, 2025, requesting the redemption [1] - The amount to be redeemed in the second redemption event is RMB 30 million [1]