Financial Performance - The total revenue for the fiscal year ending December 31, 2025, was RMB 905,474,000, representing a 20.3% increase from RMB 752,831,000 in 2024[4] - Gross profit for 2025 was RMB 314,792,000, up 35.1% from RMB 232,934,000 in 2024[4] - The net profit for the year was RMB 55,851,000, a slight increase of 2.0% compared to RMB 54,751,000 in 2024[4] - The company reported a basic and diluted earnings per share of RMB 5.93 for 2025, down from RMB 7.30 in 2024[4] - Revenue from mainland China increased to RMB 395,477,000 in 2025, up 23.4% from RMB 320,489,000 in 2024[14] - Revenue from Russia rose to RMB 361,220,000, a 10.0% increase from RMB 328,251,000 in 2024[14] - Revenue from baby care products was RMB 461,174,000 in 2025, up from RMB 437,031,000 in 2024, reflecting a growth of 5.3%[17] - The ODM segment generated revenue of approximately RMB 509.3 million in fiscal year 2025, reflecting an increase of about RMB 56.5 million or 12.5% compared to the previous year[77] - The brand products segment achieved revenue growth of approximately RMB 71.0 million or 31.9%, reaching about RMB 293.8 million in fiscal year 2025[78] Assets and Liabilities - The company’s total assets increased to RMB 431,189,000 in 2025, compared to RMB 302,444,000 in 2024[5] - The net asset value for 2025 was RMB 501,279,000, up from RMB 345,511,000 in 2024, reflecting a growth of 45.0%[6] - The company’s cash and cash equivalents rose significantly to RMB 73,773,000 in 2025 from RMB 26,698,000 in 2024[5] - Trade receivables (net of loss provisions) at the end of the reporting period amounted to RMB 155,785,000, an increase from RMB 145,463,000 in 2024[33] - The expected credit loss provision for trade receivables increased to RMB 9,183,000 at the end of 2025, up from RMB 6,463,000 in 2024[36] - Trade payables decreased to RMB 36,776,000 in 2025 from RMB 61,184,000 in 2024, reflecting a reduction of approximately 40%[48] - The total amount of notes payable increased significantly to RMB 119,067,000 in 2025 from RMB 53,483,000 in 2024, marking an increase of approximately 122%[48] - Contract liabilities rose to RMB 41,794,000 in 2025 from RMB 22,560,000 in 2024, representing an increase of approximately 85%[52] - The company had a total interest-bearing borrowings of RMB 40,000,000 in 2025, up from RMB 33,000,000 in 2024, indicating a growth of approximately 21%[56] Expenses and Costs - Research and development expenses amounted to RMB 24,575,000 in 2025, slightly up from RMB 23,368,000 in 2024[21] - The total employee costs for 2025 were RMB 28,229,000, compared to RMB 22,646,000 in 2024, marking an increase of 24.8%[19] - The sales cost increased by approximately RMB 70.8 million or 13.6% to about RMB 590.7 million, primarily due to rising direct material costs[82] - Sales and distribution expenses are projected to increase by approximately RMB 81.3 million or 74.3% to about RMB 190.7 million in FY2025, with online sales and promotion expenses rising by approximately RMB 64.6 million or 101.3%[86] - Administrative and other operating expenses are expected to rise by approximately RMB 6.4 million or 15.3% to about RMB 48.1 million in FY2025, mainly due to a significant increase in professional fees[87] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has confirmed compliance for the fiscal year 2025[116] - The audit committee has reviewed the internal controls and financial reporting matters for the fiscal year 2025, with no disagreements noted between the board and the audit committee[120] - The company's auditor confirmed that the preliminary announcement figures align with the audited financial statements for the fiscal year 2025[121] - The company emphasizes accountability and transparency in its corporate governance principles[117] - The company will continue to regularly review and monitor its corporate governance practices to align with the latest developments[118] Future Outlook - The company plans to continue expanding its market presence in Southeast Asia, which contributed RMB 87,663,000 in revenue for 2025, up 50.9% from RMB 58,135,000 in 2024[14] - The company is focusing on R&D investments in biodegradable materials and eco-friendly production processes to align with global sustainability trends[80] - The company has increased its online marketing efforts, resulting in a 101.3% increase in online sales and promotion expenses to approximately RMB 128.4 million[79] - Brand product revenue is expected to rise from approximately RMB 222.8 million in FY2024 to about RMB 293.8 million in FY2025, an increase of approximately RMB 71.0 million or 31.9%, driven by expanded online sales channels and the launch of a new women's care brand product[84] Shareholder Information - The annual general meeting for shareholders is scheduled for June 18, 2026, with a suspension of share transfer registration from June 15 to June 18, 2026[119] - The company did not declare any dividends for the years ended December 31, 2025, and 2024[26] - The group had no significant investments, acquisitions, or disposals of subsidiaries and associates during the fiscal year 2025, aside from restructuring activities related to its listing[104]

（於開曼群島註冊成立的有限公司） （股份代號：2569） 董事會會議日期 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，概不對因本通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。 SOFT INTERNATIONAL GROUP LTD 舒寶國際集團有限公司 代表董事會 舒寶國際集團有限公司 董事長兼執行董事 顏培坤 於本公告日期，本公司執行董事為顏培坤先生、曾國棟先生、周家豪先生及高躍 先生；本公司非執行董事為蔡昊先生；及本公司獨立非執行董事為梁佳穎女士、 黃大維先生及吳康政先生。 舒寶國際集團有限公司（「本公司」，及其附屬公司「本集團」）董事（「董事」）會 （「董事會」）宣佈，董事會會議將於2026年3月27日（星期五）舉行，藉以（其中包 括）審議通過本集團截至2025年12月31日止全年業績及其公告以供發佈，以及考 慮宣派末期股息（如有）。 中國福建省泉州市晉江市，2026年3月17日 ...

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 公司名稱: 舒寶國際集團有限公司 呈交日期: 2026年3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 (如上市) | 02569 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 3,800,000,000 | | HKD | | 0.0001 HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.0001 HKD | | 380,000 | 本月底法定/註冊股本總額： HKD 380,000 ...

Core Viewpoint - The Hong Kong stock market is facing a significant wave of lock-up share releases in February and March 2026, with many companies experiencing high percentages of shares being unlocked, potentially impacting stock prices and market sentiment [2][4]. Group 1: Companies Facing High Unlock Ratios - Several companies, including Mirxes-B, Nanshan Aluminium International, and Jiangsu Hongxin, have over 50% of their total share capital subject to unlock, indicating substantial potential selling pressure [2][3]. - The first tier of companies with high unlock ratios includes Different Group (84.67%), Nanshan Aluminium International (80.59%), and Jiangsu Hongxin (68.19%) [3]. Group 2: Market Impact and Investor Behavior - The upcoming unlocks may lead to market panic selling, particularly for small-cap stocks and loss-making companies, as investors may preemptively sell to mitigate risk [9]. - Companies with lock-up commitments, such as Mirxes-B, may experience reduced selling pressure due to commitments from founders and cornerstone investors to hold their shares for an extended period [5][9]. Group 3: Long-term Implications of Unlocks - The unlocking of shares may lead to a more diversified shareholder structure, reducing the risk of concentrated ownership and enhancing corporate governance transparency [10]. - Ultimately, the long-term impact on stock prices will depend on the companies' fundamentals, growth prospects, and industry conditions, rather than solely on the unlock events [10][11].

第 1 頁 共 10 頁 v 1.2.0 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: 舒寶國際集團有限公司 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) | 02569 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 3,800,000,000 | | HKD | | 0.0001 HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.0001 HKD | | 380,000 | 本月底法定 ...

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 第 1 頁 共 10 頁 v 1.1.1 FF301 致：香港交易及結算所有限公司 公司名稱: 舒寶國際集團有限公司 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) | 02569 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | ...

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: 舒寶國際集團有限公司 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) | 02569 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | III.已發行股 ...

Group 1 - The core announcement is that Mr. Yang Guangwei has submitted his resignation as Co-Company Secretary of Shubao International, effective from November 17, 2025 [1] - The board has appointed Ms. Huang Baolin as the new Co-Company Secretary, also effective from November 17, 2025 [1]

Core Points - Shoubao International (02569) announced that Mr. Yang Guangwei has submitted his resignation as Co-Company Secretary, effective from November 17, 2025 [1] - The Board further announced that Ms. Huang Baolin has been appointed as Co-Company Secretary, effective from November 17, 2025 [1]

Core Viewpoint - Shoubao International (02569.HK) announced the resignation of Yang Guangwei as co-secretary, effective November 17, 2025, and the appointment of Huang Baolin as co-secretary, effective the same date [1] Group 1 - Yang Guangwei has submitted his resignation as co-secretary of the company [1] - Huang Baolin has been appointed as co-secretary and will work alongside Yan Jiawei, the current co-secretary [1]