Core Viewpoint - The dairy sector stocks have seen significant gains following the announcement of a new child-rearing subsidy policy, which is expected to boost demand for dairy products and improve the financial outlook for related companies [1] Group 1: Stock Performance - Australia Asia Group (02425) increased by 35.62%, trading at 1.98 HKD [1] - Modern Farming (01117) rose by 13.49%, trading at 1.43 HKD [1] - Yuan Ecological Agriculture (01431) gained 9.21%, trading at 0.415 HKD [1] - China Shengmu (01432) increased by 7.95%, trading at 0.475 HKD [1] - Youran Dairy (09858) rose by 8.19%, trading at 4.36 HKD [1] Group 2: Policy Impact - The newly introduced child-rearing subsidy will provide 3,600 RMB per child annually for children under three years old, starting from January 1, 2025 [1] - The annual issuance of these subsidies is estimated to be around 100 billion RMB, which could have a multiplier effect on demand in the dairy sector [1] Group 3: Market Dynamics - The rising prices of beef cattle are expected to enhance the profitability and cash flow of livestock companies [1] - Under a scenario where cattle prices increase by 40% compared to 2024 levels, it is projected that Youran Dairy, Modern Farming, and China Shengmu could see revenue increases of 440 million, 340 million, and 80 million RMB respectively from cattle sales [1] - The upward trend in beef prices may accelerate the clearing of social ranch inventories, positively impacting the supply of raw milk and subsequently influencing raw milk prices [1] - The focus is recommended on leading livestock companies listed in Hong Kong [1]

Core Viewpoint - The introduction of a new child-rearing subsidy policy in China is expected to significantly boost demand in the dairy industry, leading to notable stock price increases for major dairy companies [1] Group 1: Stock Performance - Dairy stocks have seen substantial gains, with Australia Asia Group (02425) rising by 35.62% to HKD 1.98, Modern Farming (01117) up 13.49% to HKD 1.43, and others like Original Ecology Farming (01431) and China Shengmu (01432) also experiencing increases [1] - The overall positive sentiment in the dairy sector is reflected in the stock performance of leading companies [1] Group 2: Policy Impact - The newly implemented child-rearing subsidy scheme will provide annual subsidies of CNY 3,600 per child for children under three years old starting January 1, 2025, potentially leading to an annual distribution of approximately CNY 100 billion [1] - This subsidy is expected to have a multiplier effect, enhancing demand for dairy products and benefiting the industry as a whole [1] Group 3: Market Dynamics - The current meat and milk cycle is favorable for livestock companies, with rising beef prices expected to improve profitability and cash flow for these firms [1] - Projections indicate that under a scenario where beef prices increase by 40% compared to 2024 levels, companies like Yuran Farming, Modern Farming, and China Shengmu could see revenue increases of CNY 440 million, CNY 340 million, and CNY 80 million respectively from cattle sales [1] - The upward trend in beef prices is anticipated to accelerate the clearing of social ranch inventories, positively impacting the supply of raw milk and subsequently influencing raw milk prices [1]

Group 1 - The Hong Kong dairy stocks experienced a significant rise, with Australia Asia Group increasing over 13%, China Shengmu up over 9%, Modern Dairy and Yurun Dairy rising nearly 8%, and Original Ecology Dairy up 4% [1] - The implementation of the "Childcare Subsidy System" starting January 1, 2025, will provide a subsidy of 3,600 yuan per child per year for families with children under three years old, which is expected to lower family costs and stimulate birth rates and consumption in infant families, particularly in lower-tier cities [1] - This policy is projected to benefit over 20 million families with infants, potentially driving demand for dairy products, especially infant formula [1] Group 2 - Huatai Securities reports that the Chinese dairy industry is undergoing a strategic transformation from "scale expansion" to "value enhancement," driven by global supply chain adjustments and consumption upgrades [1] - Solid dairy products like cheese and butter are becoming key drivers for innovation in the catering industry and the development of healthy food due to their high nutritional value and versatility [1] - The B-end dairy product market is estimated to exceed 40 billion yuan by 2024, with projections for the market size to reach 70.3 billion yuan by 2028, corresponding to a CAGR of 14.3% from 2025 to 2028 [1]

澳亚集团(02425)发布公告，于2025年8月5日完成供股发行2.8亿股新股份。 ...

智通财经APP讯，澳亚集团(02425)发布公告，于2025年8月5日完成供股发行2.8亿股新股份。 ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 澳亞集團有限公司 呈交日期： 2025年8月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 是 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | | | 證券代號 (如上市) | 02425 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | | | 事件 | 每股發行/出售價 (註4) | 已發行股份總數 | 佔有關事件前的現有已發 | 已發行股份（不包括庫存股 ...

II. 已發行股份及/或庫存股份變動 | 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) | 02425 | 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 | | | 700,463,112 | | 0 | | 700,463,112 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 700,463,112 | | 0 | | 700,463,112 | 第 2 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 | 截至月份: | 2025年7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: | 澳亞集團有限公司 ...

Group 1 - The company, 澳亚集团 (02425), announced the acceptance of 370,565,309 shares in its rights issue, which represents approximately 132.26% of the total 280,185,244 shares offered [1] - The rights issue was oversubscribed by 90,380,065 shares, accounting for about 32.26% of the total shares offered [1] - All conditions outlined in the rights issue prospectus have been met, making the rights issue unconditional as of July 28, 2025 [1] Group 2 - The total amount raised from the rights issue is approximately HKD 314 million, before deducting professional fees and other expenses, with a net amount of about HKD 309 million [1]

Group 1 - The company, Australia Asia Group (02425), announced the acceptance of 370,565,309 shares in a rights issue, which represents approximately 132.26% of the total 280,185,244 shares offered [1] - The rights issue was oversubscribed by 90,380,065 shares, accounting for about 32.26% of the total shares offered [1] - All conditions outlined in the rights issue prospectus have been met, making the rights issue unconditional as of July 28, 2025 [1] Group 2 - The total amount raised from the rights issue is approximately HKD 314 million, with a net amount of about HKD 309 million after deducting professional fees and other expenses [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。 於本公告內所述之證券並無根據美國證券法或美國任何州或司法權區之法律登記，在未登記或 未獲豁免遵守美國證券法及適用美國州法律之登記規定之情況下，不得在美國境內要約或出 售。現時無意在美國登記本公告內所述之任何部分供股或任何證券，又或在美國進行證券公開 發售。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 AustAsia Group Ltd. 澳亞集團有限公司 * （於新加坡共和國註冊成立的有限公司） （股份代號：02425） 1 (i) 已收到3份暫定配額通知書項下暫定配額之有效接納，總計195,831,419股供 股股份，約佔根據供股提呈的280,185,244股供股股份總數的69.89%；及 (ii) 已收到2份額外申請表格項下額外供股股份之有效申請，總計174,733,890股 供股股份，約佔根據供股提呈的280,185,244股供股股份總數的62.36%。 總計5份有關37 ...