Financial Performance - For the fiscal year ending December 31, 2025, revenue was approximately RMB 308.14 million, a decrease of 2.2% compared to RMB 315.03 million in 2024[2] - Gross profit for the same period was approximately RMB 81.87 million, down 6.3% from RMB 87.38 million in 2024[2] - The company reported a net loss attributable to shareholders of approximately RMB 7.63 million, an increase of 111.1% from a loss of RMB 3.62 million in 2024[2] - Basic and diluted loss per share was RMB 1.0 cents, compared to a loss of RMB 0.5 cents per share in 2024[2] - Revenue for 2025 was RMB 308,141,000, compared to RMB 315,028,000 in 2024, representing a decrease of approximately 2.8%[24] - The group reported a net income of RMB 12,280,000 in financing costs for 2025, down from RMB 13,829,000 in 2024, indicating a reduction of about 11.2%[26] - The group reported a tax expense of RMB 1,006,000 for 2025, a decrease from RMB 5,118,000 in 2024, indicating a reduction of approximately 80.4%[28] - The total employee compensation for 2025 was RMB 30,552,000, slightly down from RMB 31,303,000 in 2024, showing a decrease of about 2.4%[27] - The group received government subsidies totaling RMB 600,000 in 2025, compared to RMB 245,000 in 2024, marking a significant increase of 144.9%[25] Assets and Liabilities - Total assets as of December 31, 2025, amounted to RMB 576,030,000, compared to RMB 529,898,000 in 2024, reflecting an increase of approximately 8.7%[5] - Current assets decreased from RMB 381,020,000 in 2024 to RMB 360,620,000 in 2025, a decline of about 5.4%[5] - Non-current liabilities increased from RMB 133,060,000 in 2024 to RMB 185,768,000 in 2025, representing an increase of approximately 39.5%[5] - Total equity decreased slightly from RMB 396,838,000 in 2024 to RMB 390,262,000 in 2025, a decrease of about 1.5%[5] - The company’s total liabilities increased from RMB 199,548,000 in 2024 to RMB 116,064,000 in 2025, indicating a decrease in total liabilities by approximately 41.9%[5] - The company’s retained earnings decreased from RMB 396,306,000 in 2024 to RMB 389,730,000 in 2025, a decrease of about 1.4%[5] - The company’s cash and cash equivalents increased from RMB 28,993,000 in 2024 to RMB 33,140,000 in 2025, a growth of approximately 14.8%[5] - The total borrowings of the company as of December 31, 2025, were approximately RMB 264.5 million, up from RMB 254.7 million as of December 31, 2024[57] - The company's asset-liability ratio as of December 31, 2025, was approximately 73.0%, compared to 70.2% as of December 31, 2024[59] Operational Highlights - The group currently operates one business segment, which generates revenue from the sale of confectionery products[19] - The group aims to strengthen its market position in China as a confectionery manufacturer and plans to enhance product development and quality control[42][43] - The group will continue to invest in new production lines and equipment to replace existing machinery and improve production capabilities[42] - The group intends to leverage its production and product development capabilities to expand its market presence both domestically and internationally[43] Shareholder Information - The board of directors has resolved not to declare any final dividend for the fiscal year ending December 31, 2025[3] - The company does not anticipate any taxable profits in Hong Kong for the year 2024, thus no provision for Hong Kong profits tax has been made[29] - The tax rate for the company's subsidiaries in China is set at 25% according to the Corporate Income Tax Law[30] - The board does not recommend the payment of any dividends for the year ending December 31, 2025[75] - The company is committed to ensuring all shareholders receive the annual report and related materials in accordance with listing rules[84] Compliance and Governance - The group has maintained compliance with corporate governance standards, ensuring shareholder rights and enhancing corporate value[76] - The audit committee has reviewed the annual performance and the accounting policies adopted by the group, including the consolidated financial statements as of December 31, 2025[82] - The annual performance announcement has been published on the Hong Kong Stock Exchange website and the company's website[84] - The 2026 Annual General Meeting is scheduled for May 29, 2026[85] - Share registration procedures will be suspended from May 26 to May 29, 2026, to determine eligibility for attending the AGM[86] - The board of directors includes executive directors and independent non-executive directors as of March 31, 2026[87] Risk Management - The group will continue to adhere to a prudent policy to manage cash and maintain strong liquidity, ensuring the ability to seize future growth opportunities[69] - As of December 31, 2025, the group's credit risk primarily arises from trade receivables, other receivables, and cash and cash equivalents[69] - The maximum credit risk exposure due to counterparty defaults is based on the carrying value of recognized financial assets in the consolidated financial statements as of December 31, 2024, and December 31, 2025[69] - The management has implemented regulatory procedures to ensure follow-up measures for overdue debts, significantly reducing credit risk[70] - The group believes that there is no significant credit risk associated with other receivables, based on historical repayment records and reasonable forward-looking data[71] - The group will continue to monitor credit risks and has no significant concentration of credit risk[73] - As of December 31, 2025, the group is not involved in any significant litigation or arbitration[74] Financial Reporting Standards - The new Hong Kong Financial Reporting Standard No. 18 will take effect for annual periods beginning on or after January 1, 2027, with early application permitted[12] - The application of the new standard is not expected to have a significant impact on the group's financial performance and position, but it will affect the structure and presentation of the consolidated income statement[12] - The consolidated financial statements are prepared based on historical cost, except for certain financial instruments measured at fair value at the end of each reporting period[15] - Fair value measurements consider the characteristics of the asset or liability and the market participants' assumptions at the measurement date[17]

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2月28日 狀態: 新提交 致：香港交易及結算所有限公司 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) 01927 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 792,000,000 0 792,000,000 增加 / 減少 (-) 本月底結存 792,000,000 0 792,000,000 公司名稱: 久久王食品國際有限公司 呈交日期: 2026年3月6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) | 01927 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | ...

Group 1 - The company, Jiujiuwang (01927.HK), announced that its board meeting will be held on March 31, 2026, to consider and approve the annual performance for the year ending December 31, 2025 [1] - The board will also consider the proposal for the distribution of a final dividend, if any [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依賴該等內容而引致的任何損失承擔任何責任。 Jiujiuwang Food International Limited 承董事會命 久久王食品国际有限公司 主席及執行董事 鄭振忠 中國福建，2026年2月6日 於 本 公 告 日 期 ， 董 事 會 包 括 執 行 董 事 鄭 振 忠 先 生 、 鄭 國 思 先 生 及 陳 侃 先 生 ； 及 獨立非執行董事王禮南先生、吳世明先生、陳聰明先生及劉雪峰女士。 久 久 王 食 品 國 際 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1927） 董事會會議日期 久久王食品国际有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事 會會議將於2026年3月31日（ 星期一 ）召開，藉以（ 其中包括 ）考慮及批准本公司及 其 附 屬 公 司 截 至 2025 年 12 月 31 日 止 年 度 之 年 度 業 績 ...

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: 久久王食品國際有限公司 本月底法定/註冊股本總額： USD 200,000 FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 01927 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 792,000,000 0 792,000,000 增加 / 減少 (-) 本月底結存 792,000,000 0 792,000,000 呈交日期: 2026年2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 ...

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: 久久王食品國際有限公司 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) | 01927 | 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 | USD | | 0.0001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | 本月底法定/註冊股本 ...

| 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) | 01927 | 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 | USD | | 0.0001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | 本月底法定/註冊股本總額： USD 200,000 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: 久久王食品國際有限公司 呈交日期: 2025年12 ...

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 公司名稱: 久久王食品國際有限公司 呈交日期: 2025年11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) | 01927 | 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 | USD | | 0.0001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | 本月底法定/註冊股 ...

| 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) | 01927 | 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 | USD | | 0.0001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | 公司名稱: 久久王食品國際有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： USD 200,000 第 1 頁 共 10 頁 v 1.1.1 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 ...

Financial Performance - The company's revenue decreased by approximately 10.5% from RMB 181.6 million for the six months ended June 30, 2024, to RMB 162.5 million for the six months ended June 30, 2025, primarily due to a decline in sales of proprietary brand products[10]. - Gross profit for the six months ended June 30, 2025, was approximately RMB 37.9 million, a decrease of about 30.1% from RMB 54.2 million for the same period in 2024, with the gross profit margin dropping from 29.8% to 23.3%[12]. - The company's net profit for the six months ended June 30, 2025, was approximately RMB 4.1 million, down from RMB 7.8 million in the same period of 2024[18]. - Revenue for the six months ended June 30, 2025, was RMB 162,533,000, a decrease of 10.5% compared to RMB 181,556,000 for the same period in 2024[79]. - Gross profit for the same period was RMB 37,942,000, down 30.0% from RMB 54,159,000 in 2024[79]. - The net profit for the period was RMB 4,081,000, representing a decline of 47.8% from RMB 7,822,000 in the previous year[79]. Expenses and Costs - Sales expenses decreased by approximately 19.1% from RMB 15.2 million for the six months ended June 30, 2024, to RMB 12.3 million for the six months ended June 30, 2025, mainly due to reduced marketing and promotional expenses[14]. - Administrative expenses decreased by approximately 11.5% from RMB 18.3 million for the six months ended June 30, 2024, to RMB 16.2 million for the six months ended June 30, 2025, primarily due to reduced travel expenses[15]. - The cost of goods sold decreased to RMB 117,779,000 in 2025 from RMB 126,170,000 in 2024, a reduction of 6.0%[97]. Cash Flow and Liquidity - As of June 30, 2025, the group's cash and cash equivalents amounted to approximately RMB 21.3 million, a decrease of about 8.7% from RMB 29.0 million as of December 31, 2024, primarily due to the repayment of bank loans[23]. - The company reported a net cash outflow from operating activities of RMB 68,701 thousand for the six months ended June 30, 2025, compared to a net outflow of RMB 12,191 thousand for the same period in 2024[84]. - The company’s financing activities resulted in a net cash outflow of RMB 76,956 thousand for the six months ended June 30, 2025[84]. Assets and Liabilities - Total assets as of June 30, 2025, were RMB 597,826,000, an increase from RMB 529,898,000 as of December 31, 2024[80]. - Current liabilities decreased significantly to RMB 65,299,000 from RMB 199,548,000 at the end of 2024[80]. - Total liabilities decreased to RMB 13,244,000 as of June 30, 2025, from RMB 48,487,000 at the end of 2024, a decrease of 72.7%[111]. Shareholder Information - The company’s major shareholders, Zheng Guosi and Zheng Zhenzhong, each hold 72.75% of the company’s shares, indicating significant insider ownership[55]. - Zheng Guosi beneficially owns 201,662,968 shares, representing approximately 25.46% of the total issued shares through Xiejia Limited[55]. - Zheng Zhenzhong beneficially owns 172,853,972 shares, representing approximately 21.82% of the total issued shares through Canon International Limited[55]. Corporate Governance - The company has adopted high corporate governance standards and complies with the relevant rules of the Hong Kong Stock Exchange, ensuring a balance of power between the board and management[48]. - The company will continue to review and consider the separation of the roles of Chairman and CEO at an appropriate time, ensuring effective governance[48]. - As of June 30, 2025, the company has not identified any non-compliance issues regarding securities trading by directors during the review period[50]. Employee and Training - The group employed 385 staff as of June 30, 2025, a slight decrease from 386 as of December 31, 2024[43]. - The group is committed to employee training and development, viewing employees as a key asset for sustainable growth[44]. Future Plans and Strategies - The company aims for sustainable growth and to strengthen its position as a confectionery manufacturer in China through strategies such as capacity expansion and upgrading production lines[46]. - The company plans to enhance marketing efforts through e-commerce channels to increase sales and expand its distribution network, targeting new markets with significant growth potential in China[47]. - The company is committed to continuous product development to meet changing consumer preferences and enhance its product offerings[46]. Stock Options and Share Issuance - The company has established a stock option plan to provide a private opportunity for eligible participants to own shares in the company[63]. - The maximum number of shares that can be issued under the stock option plan is capped at 10% of the total issued shares, which is 79,200,000 shares[65]. - No stock options have been granted since the adoption of the stock option plan, and the number of unexercised options available for issuance remains at 79,200,000[66].