公司名稱: 四川百茶百道實業股份有限公司（「本公司」） 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 由於本公司於中華人民共和國註冊成立，因此「法定股本」的概念並不適用。第一部分所載資料所指的是「已發行股本」。 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 備註： 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02555 | 說明 H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 1,477,634,250 | | RMB | 0.1 | RMB | | 147,763,425 | | 增加 / 減少 (-) | | | 0 | ...

第 1 頁 共 2 頁 v 1.1.1 | 代扣所得稅信息 | | | | | --- | --- | --- | --- | | | | 宣派中期股息所適用之代扣所得稅（包括股東類型及適用的稅率）摘要載列於下表。 | | | | | H股個人股東為與中國簽訂20%稅率的稅收協定的國家（地區）的居民、與中國沒有稅收 | | | | | 協定的國家（地區）居民或其他情況，本公司派發股息時將按20%稅率代扣代繳個人所 | | | 得稅。 | | | | | | 股東類型 | 稅率 | 有關代預扣所得稅之更多補充 | | | | | （如適用） | | | 非個人居民 | | | | | （非中國內地登記地址） | 10% | H股個人股東為香港或澳門居民或 | | | | | 其他與中國簽訂10%稅率的稅收協 | | | | | 定的國家（地區）的居民，本公司 | | | | | 將按10%的稅率代扣代繳個人所得 | | | | | 稅。 | | | 非個人居民 | | | | | （非中國內地登記地址） | | H股個人股東為與中國簽訂低於 | | | | 10% | 10%稅率的稅收協定的國家(地區) | | ...

Sichuan Baicha Baidao Industrial Co., Ltd. 地址為 為四川百茶百道實業股份有限公司（「本公司」）股本中每股面值人民幣0.1元之 股 （附註2） H股之股東， 現委任大會主席，或 （附註3） 地址為 為本人╱吾等的代表，代表本人╱吾等出席於2025年9月23日（星期二）下午2時正假座中國四川省成都市武侯區名都路166號嘉煜 金融科技中心本公司會議室舉行的本公司2025年第一次臨時股東大會（「臨時股東大會」或「大會」）及其任何續會，並依照下列指示 代表本人╱吾等就本公司日期為2025年9月3日的本公司2025年第一次臨時股東大會通知（「臨時股東大會通知」）所列議案投票，如 無作出指示，則由本人╱吾等的代表自行酌情投票表決。 四川百茶百道實業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2555） 於2025年9月23日（星期二）舉行的 2025年第一次臨時股東大會之代表委任表格 本人╱吾等 （附註1） 附註： 收集個人資料聲明 閣下是自願提供 閣下及 閣下委任代表的姓名及地址，以用於處理就本公司2025年第一次臨時股東大會有關 閣下委任代表的 任命 ...

此乃要件 請即處理 閣下對本通函任何方面或應採取之行動如有任何疑問，應諮詢 閣下之股票經紀或其他註冊證 券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有四川百茶百道實業股份有限公司之股份，應立即將本通函連同隨 附之代表委任表格送交買主或承讓人，或經手買賣或轉讓之銀行、股票經紀或其他代理商，以 便轉交買主或承讓人。 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通函的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本通函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。 派發中期股息 及 2025年第一次臨時股東大會通知 本公司謹訂於2025年9月23日（星期二）下午2時正假座中國四川省成都市武侯區名都路166號嘉 煜金融科技中心本公司會議室召開臨時股東大會。董事會函件載於本通函第3至6頁。2025年第 一次臨時股東大會通知載於本通函第7至8頁。 Sichuan Baicha Baidao Industrial Co., Ltd. 四川百茶百道實業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2555） * ...

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通告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本通告全部或任何 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。 Sichuan Baicha Baidao Industrial Co., Ltd. 四川百茶百道實業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2555） 2025年第一次臨時股東大會通知 茲通告四川百茶百道實業股份有限公司（「本公司」）謹訂於2025年9月23日（星期 二）下午2時正假座中國四川省成都市武侯區名都路166號嘉煜金融科技中心本公司會 議室召開2025年第一次臨時股東大會（「臨時股東大會」），以審議並酌情通過下列決議 案： 普通決議案 1. 派發中期股息 暫停辦理股份過戶登記手續 四川百茶百道實業股份有限公司 執行董事兼董事長 王霄錕先生 2025年9月3日 於本通知日期，本公司董事會包括執行董事王霄錕先生、汪紅學先生、戴利女士 及陳克遠先生；非執行董事陳達博士；及獨立非執行董事楊志達先生、唐勇博士及程 麗女士。 註： – 2 – 本公司將於2025年9月18日（ ...

Group 1 - The company held a mid-year performance conference for 2025 on September 1, highlighting steady store expansion and optimization of existing store structures [1] - The management introduced differentiated support and management policies for various types of stores, leading to accelerated growth in high-potential stores [1] - The company implemented refined layouts in different city tiers and provided targeted incentives and support for franchise partners in key areas [1] Group 2 - External promotional activities have positively impacted store sales, with the average daily GMV per store reaching the highest quarterly level in nearly a year in the second quarter, increasing approximately 15% compared to the first quarter [1] - Continuous improvement in store efficiency has been observed, indicating a positive operational performance [1]

Group 1 - The core viewpoint of the article highlights that Cha Bai Dao (02555) is maintaining a steady pace in store expansion while optimizing its existing network to improve operational quality [1] - The company is implementing differentiated support and management policies for various types of stores, which is driving accelerated growth in high-potential locations [1] - In the second quarter, the average daily GMV per store reached its highest quarterly level in nearly a year, showing a 15% increase compared to the first quarter, indicating continuous improvement in store efficiency [1] Group 2 - The company is focusing on refined layouts in different city tiers and providing targeted incentives and support to franchise partners in key areas [1] - External promotional activities have also contributed to boosting store sales, reflecting a positive operational performance [1]

Core Viewpoint - Company maintains profit forecasts for 2025/2026, with current trading at 14/11 times 2025/2026 P/E, and a target price of HKD 12, indicating a 36% upside potential, while maintaining an outperform rating in the industry [1] Group 1: Financial Performance - In 1H25, company revenue reached CNY 2.5 billion, reflecting a year-on-year growth of 4.3%, with net profit attributable to shareholders at CNY 330 million, up 37.5% year-on-year, and adjusted net profit at CNY 340 million, aligning with expectations [1][2] - The company achieved a gross margin increase of 0.9 percentage points year-on-year to 32.6% in 1H25, driven by optimized raw material structure and improved supply chain efficiency [3] - The net profit margin improved by 3.1 percentage points year-on-year to 13.0%, despite an increase in sales and management expense ratios due to heightened market competition and rising employee compensation [3] Group 2: Operational Highlights - The company experienced a net increase of 59 stores in 1H25, bringing the total to 8,444, with a 4% year-on-year growth in average operating stores, particularly in lower-tier cities where store numbers grew by 9% [2] - The company launched 55 new products focused on core categories like fresh fruit tea and fresh milk tea, receiving positive market feedback [2] - The average payback period for franchisees shortened by 1-2 months year-on-year, indicating improved operational conditions for partners [2] Group 3: Future Outlook - The company anticipates continued improvement in the second half of the year, with expectations for a significant increase in net store openings and sustained growth in gross margin [4] - Long-term strategies include enhancing product quality, improving supply chain efficiency, and strengthening digital operations to boost store resilience and consumer experience [4] - The company is progressing steadily in overseas expansion, with an estimated total of around 30 new stores by year-end, which is expected to open up long-term growth opportunities [4]

Core Viewpoint - The company maintains its profit forecast for 2025 and 2026, with a target price of HKD 12, indicating a potential upside of 36% based on the projected P/E ratios [1] Group 1: Financial Performance - In the first half of 2025, the company's revenue reached CNY 2.5 billion, reflecting a year-on-year growth of 4.3%, while the net profit attributable to shareholders was CNY 330 million, up 37.5% year-on-year [1] - The adjusted net profit for the same period was CNY 340 million, aligning with the expectations of the research firm [1] Group 2: Store Performance and Expansion - The company experienced a net increase of 59 stores, bringing the total to 8,444, with a year-on-year growth of 4% in average operating stores [2] - The number of stores in lower-tier cities grew by 9% year-on-year, while other city tiers saw a contraction, indicating a strategic focus on penetrating deeper markets [2] Group 3: Profitability and Cost Management - The gross margin improved by 0.9 percentage points to 32.6% due to optimized raw material structure and enhanced supply chain efficiency [3] - The net profit margin increased by 3.1 percentage points to 13.0%, despite a rise in sales and management expense ratios due to increased marketing and employee costs [3] Group 4: Future Outlook - The company anticipates continued improvement in the second half of 2025, with significant contributions from product development and overseas expansion [4] - The long-term strategy includes enhancing supply chain efficiency and digital operations to improve store resilience and consumer experience, with an expected net increase in store count [4]

Core Viewpoint - The company, Cha Bai Dao (02555), reported a significant upward trend in its overall performance for the first half of 2025, driven by continuous optimization of its store network and improved store performance [1] Group 1: Financial Performance - In Q2 2025, the average daily GMV per store reached its highest level in nearly a year, showing a 15% increase compared to Q1 [1] Group 2: Product Development - The company focuses on consumer and market trend changes, utilizing a mature supply chain collaboration system to ensure efficient product rollout [1] - In Q2, new product sales accounted for 28% of total sales, indicating a significant improvement in the effectiveness of new product launches [1] Group 3: International Expansion - The company plans to establish various business models, including KA, joint ventures, and national agents, to enhance its global brand influence [1] - Strategies include creating benchmark stores and national flagship stores to steadily increase brand visibility worldwide [1]