Financial Performance - For the year ending December 31, 2025, revenue was HKD 789.2 million, an increase of 9.4% compared to HKD 721.1 million for the year ending December 31, 2024[3]. - Gross profit for the year ending December 31, 2025, was HKD 222.4 million, a decrease of 9.6% from HKD 246.0 million for the year ending December 31, 2024[3]. - Profit for the year ending December 31, 2025, was HKD 42.7 million, down 27.7% from HKD 59.1 million for the year ending December 31, 2024[3]. - Total comprehensive income for the year ending December 31, 2025, was HKD 47.5 million, compared to HKD 55.1 million for the year ending December 31, 2024[6]. - The group's pre-tax profit for 2025 was HKD 42,728,000, down from HKD 59,091,000 in 2024, indicating a decline of approximately 27.7%[24]. - The net profit for the year decreased by HKD 16.4 million or 27.7% to HKD 42.7 million for the year ending December 31, 2025, with a net profit margin decline from 8.2% to 5.4%[52]. Revenue Breakdown - Revenue from Hong Kong for the year ending December 31, 2025, was HKD 545.2 million, an increase from HKD 503.7 million in 2024[14]. - Revenue from Mainland China for the year ending December 31, 2025, was HKD 227.3 million, up from HKD 200.5 million in 2024[14]. - Revenue from a major external customer amounted to HKD 237,179,000, representing over 10% of the total revenue for the group[16]. - Total customer contract revenue increased to HKD 789,157,000 in 2025, up from HKD 721,117,000 in 2024, reflecting a growth of approximately 9.4%[17]. - Revenue from coffee, tea, and related products rose to HKD 759,520,000 in 2025, compared to HKD 691,205,000 in 2024, marking an increase of about 9.9%[17]. Cost and Profitability - The cost of sales rose by HKD 91.5 million or 19.3% to HKD 566.7 million for the year ending December 31, 2025, from HKD 475.2 million for the year ending December 31, 2024, mainly due to rising raw material costs for coffee products[44]. - The gross profit margin decreased from 34.1% for the year ending December 31, 2024, to 28.2% for the year ending December 31, 2025[3]. - Other income and net gains fell by HKD 13.0 million to HKD 4.3 million for the year ending December 31, 2025, primarily due to the absence of one-time gains from asset sales[46]. - Total financing costs decreased to HKD 1,559,000 in 2025 from HKD 1,779,000 in 2024, a reduction of about 12.4%[18]. - The total tax expense for the year was HKD 7,317,000, down from HKD 14,950,000 in 2024, reflecting a decrease of about 51.0%[21]. Assets and Liabilities - Non-current assets as of December 31, 2025, totaled HKD 216.7 million, a decrease from HKD 227.5 million as of December 31, 2024[7]. - Current assets as of December 31, 2025, were HKD 497.6 million, an increase from HKD 452.7 million as of December 31, 2024[7]. - The total inventory for 2025 amounted to HKD 197.4 million, an increase from HKD 164.3 million in 2024, with raw materials accounting for HKD 121.7 million[12]. - Trade receivables as of December 31, 2025, were HKD 114.2 million, up from HKD 100.7 million in 2024, with a provision for impairment decreasing from HKD 5.5 million to HKD 2.4 million[13]. - Trade payables at the end of 2025 totaled HKD 95.8 million, an increase from HKD 77.3 million in 2024, with HKD 94.6 million due within one month[29]. - The total interest-bearing bank borrowings increased to HKD 7.2 million as of December 31, 2025, from HKD 4.0 million as of December 31, 2024[54]. - The asset-liability ratio increased to 1.4% as of December 31, 2025, from 0.8% as of December 31, 2024, due to the rise in outstanding interest-bearing bank borrowings[57]. Dividends and Shareholder Information - The proposed final dividend for 2025 is HKD 9,802,000, compared to HKD 15,563,000 for 2024, indicating a reduction of approximately 37.5%[22]. - The company proposed a final dividend of HKD 0.0136 per share for the year ended December 31, 2025, totaling HKD 9.8 million based on 720,731,512 shares outstanding[64]. - The company has maintained sufficient public float, with at least 25% of issued shares held by the public as of the announcement date[69]. - The company will hold its annual general meeting on April 28, 2026, to approve the proposed final dividend[71]. Operational Strategies and Challenges - The company reported a significant challenge in cost control due to rising coffee commodity prices, impacting overall performance[38]. - The company is focusing on maintaining a quality customer base and prudent management of accounts receivable to enhance profitability amidst increasing competition in the coffee retail sector in China[38]. - The group plans to prioritize profit margins over sales volume in response to ongoing price wars in China, focusing on strategic operational reforms[42]. - The group aims to strengthen its market position in Hong Kong's coffee processing and distribution sector while expanding into emerging channels such as rice restaurants and cafes[42]. Employee and Management Information - The company employed 199 staff in Hong Kong and 175 in mainland China, maintaining a stable workforce compared to the previous year[62]. - The management's compensation for 2025 was HKD 16.6 million, slightly up from HKD 16.3 million in 2024, reflecting the company's commitment to retaining key personnel[36]. - The company has established a cash pool system to manage liquidity risk, ensuring sufficient funds for both short-term and long-term needs[61]. - The company provided various training programs for employees, focusing on operational skills and professional knowledge to implement business strategies effectively[63]. Compliance and Governance - The audit committee reviewed the consolidated financial statements for the year ended December 31, 2025, confirming compliance with applicable accounting standards and disclosure requirements[66]. - The company has adopted a securities trading code that meets the standards set out in the listing rules, ensuring compliance by all directors[74]. - The board consists of eight directors, including three executive directors and five non-executive directors[78]. - The board expresses gratitude to shareholders, customers, and business partners for their unwavering support[76]. - No significant events requiring disclosure occurred between December 31, 2025, and the announcement date[70]. - The company has not engaged in any buybacks or sales of its listed securities during the reporting period[68].

董事會會議召開日期 捷榮國際控股有限公司（「本公司」及其附屬公司「本集團」）董事會（「董事會」）特此宣 佈，本公司謹訂於二零二六年三月十二日（星期四）舉行董事會會議，旨在（其中包 括）考慮及批准本集團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 績以供發佈及考慮派發末期股息（如有）。 承董事會命 捷榮國際控股有限公司 執行董事兼公司秘書 樊綺敏女士 香港，二零二六年三月二日 TSIT WING INTERNATIONAL HOLDINGS LIMITED 捷榮國際控股有限公司* （根據百慕達法例註冊成立的有限公司） （股份代號：2119） 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。 於本公告日期，董事會包括八名董事，公司執行董事為黃達堂先生、樊綺敏女士及 金振邦先生。公司非執行董事為楊寶茵女士及何鴻瑋先生。公司獨立非執行董事為 鄧貴彰先生、王文輝先生及陸恭正先生。 * 僅供識別 ...

致：香港交易及結算所有限公司 公司名稱: Tsit Wing International Holdings Limited 捷榮國際控股有限公司* 呈交日期: 2026年3月2日 FF301 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 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) | 02119 | 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 | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HK ...

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: Tsit Wing International Holdings Limited 捷榮國際控股有限公司* 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) | 02119 | 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 | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | ...

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: Tsit Wing International Holdings Limited 捷榮國際控股有限公司* FF301 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 呈交日期: 2026年1月5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) | 02119 | 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 | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 H ...

FF301 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: Tsit Wing International Holdings Limited 捷榮國際控股有限公司* 呈交日期: 2025年12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) | 02119 | 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 | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 ...

TSIT WING INTERNATIONAL HOLDINGS LIMITED 捷榮國際控股有限公司* （根據百慕達法例註冊成立的有限公司） 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。 （股份代號：2119） 有關OEM協議 之持續關連交易 持續關連交易 捷榮咖啡（本公司之全資附屬公司）（作為供應商）自2024年3月1日起，根據OEM 協議，於其日常業務過程中向大聯（大昌行食品之全資附屬公司）（作為買方）提供 OEM服務。 上市規則之涵義 於本公告日期，大昌行食品直接及實益持有151,353,617股本公司股份，約佔已發 行股份總數21%，故根據上市規則為本公司主要股東及關連人士。大聯作為大昌 行食品之全資附屬公司，被視為大昌行食品之聯繫人，因此根據上市規則為本公 司關連人士。據此，OEM協議項下擬進行的交易構成本集團於上市規則下之持 續關連交易。 – 1 – 就(i) 2024年3月1日至2024年12月31日期間；及(ii) 2025年1月 ...

FF301 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: Tsit Wing International Holdings Limited 捷榮國際控股有限公司* 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) | 02119 | 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 | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 ...

FF301 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 公司名稱: Tsit Wing International Holdings Limited 捷榮國際控股有限公司* 呈交日期: 2025年10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) | 02119 | 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 | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 H ...

(Incorporated under the laws of Bermuda with limited liability) （根據百慕達法例註冊成立的有限公司） (Stock Code: 2119) （股份代號：2119） NOTIFICATION LETTER 通知信函 5 September 2025 Dear Non-Registered Shareholder(s)(1), TSIT WING INTERNATIONAL HOLDINGS LIMITED 捷榮國際控股有限公司* 如 閣下欲收取本次公司通訊之印刷本，請填妥並簽署本函背面之申請表格及使用申請表格底部隨附之郵寄標籤寄回捷榮國際控股之香港證券登記處 卓佳證券登記有限公司轉交捷榮國際控股，地址為香港夏慤道16號遠東金融中心17樓。申請表格亦可於公司網站 www.twcoffee.com 或聯交所網站 www.hkexnews.hk 內下載。 請注意，當 閣下填寫及寄回申請表格以索取本次公司通訊之印刷本後，即表示確認 閣下收取印刷本之指示將適用於捷榮國際控股今後所有之公司 通訊(2)，直至 閣下通知捷榮國際控股之香港證券登記處另外之安排或停止 ...