茲提述滬上阿姨（上 海）實業股份有限公司（「本公司」）日期為2025年11月17日的臨時 股東會（「臨時股東會」）通告及通函（「通 函」）。除 非 本 公 告 另 有 定 義，本 公 告 所 用 詞 彙 與 通 函 所 界 定 者 具 有 相 同 涵 義。 本公司董事會（「董事會」）欣 然 宣 佈，臨 時 股 東 會 已 於2025年12月8日（星 期 一）下午二 時正假座中國上海市海倫路440號金融街（海 倫）中 心A座5樓 會 議 室 召 開，且 於 臨 時 股 東 會 上 提 呈 的 決 議 案 已 獲 正 式 通 過。 I. 臨時股東會之召開 Auntea Jenny (Shanghai) Industrial Co., Ltd. 滬上阿姨（上海）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：02589） 2025年第四次臨時股東會投票表決結果 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 ...

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: 滬上阿姨（上海）實業股份有限公司 呈交日期: 2025年12月4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) | 02589 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 59,426,726 | RMB | | 1 RMB | | 59,426,726 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 59,426,726 | RMB | | 1 RMB | | 59,426,726 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 ...

Core Viewpoint - The Hong Kong stock market saw a significant rise in the new consumption concept stock, Hu Shang A Yi (2589.HK), which surged over 15% to reach HKD 112 [1] Company Summary - Hu Shang A Yi experienced a rapid increase in its stock price, indicating strong market interest and potential investor confidence in the company's performance [1]

Group 1 - The stock of "沪上阿姨" in the Hong Kong market has seen a significant increase, rising over 13% at one point and currently up by 12% [2]

Core Viewpoint - The stock price of Hu Shang A Yi (02589) surged over 13% in the afternoon, currently trading at 106 HKD, with a transaction volume of 97.63 million HKD, following the announcement of a ten-year H-share incentive plan aimed at retaining core talent through restricted stock [1] Group 1: Company Performance - Hu Shang A Yi announced a ten-year H-share incentive plan with a cap of 5% of the total share capital, aimed at incentivizing core talent [1] - The brand has expanded its national store count to 10,739, an increase of 1,303 stores from 9,436 at the end of June, within a span of four months [1] - The company has been optimizing its store structure and steadily opening new locations, focusing on the lower-tier markets, which has contributed to revenue growth [1] Group 2: Product Development and Market Strategy - The company has introduced 136 new products during the period, while also exploring other sub-brands like the lower-priced Cha Pao Bu [1] - Hu Shang A Yi has shown significant competitiveness in the northern market, and with improved management, there is potential for gradual improvement in weaker markets [1]

Core Viewpoint - The stock price of Hu Shang A Yi (02589) surged over 13% in the afternoon, reflecting positive market sentiment following the announcement of a ten-year H-share incentive plan aimed at retaining core talent through restricted stock [1][1]. Group 1: Company Performance - Hu Shang A Yi announced a ten-year H-share incentive plan with a cap of 5% of the total share capital, aimed at incentivizing core talent [1][1]. - The company has expanded its brand presence, with the number of nationwide stores reaching 10,739, an increase of 1,303 stores from 9,436 at the end of June [1][1]. - The company has been optimizing its store structure and steadily opening new locations, focusing on the vast third-tier and below markets, which has contributed to revenue growth [1][1]. Group 2: Product Development and Market Strategy - The company has introduced 136 new products during the period, indicating a strong commitment to research and development [1][1]. - Hu Shang A Yi is exploring other sub-brands, such as the lower-priced Cha Pu Bu, to diversify its offerings [1][1]. - The company has shown significant competitiveness in the northern market, and with improved management, there is potential for gradual improvement in weaker markets [1][1].

Core Viewpoint - The new consumption concept stocks in Hong Kong continue to decline, with significant drops observed in several companies [1] Group 1: Stock Performance - Xiaopeng Motors (09868.HK) experienced a decline of over 10% [1] - Hou Shang A Yi (02589.HK) fell nearly 4% [1] - Other companies such as Leap Motor (09863.HK), Laopu Gold (06181.HK), Li Auto (02015.HK), and Pop Mart (09992.HK) all saw declines exceeding 3% [1]

Core Insights - The coffee consumption market in China is experiencing significant growth, with the ready-to-drink coffee industry projected to reach a market size of 117.7 billion yuan in 2024, reflecting a year-on-year growth of 15.39% [1][8] - Consumer preferences are shifting from occasional indulgence to daily necessity, with motivations evolving from "energizing function" to "flavor experience" and "daily accompaniment" [1][8] - The industry is witnessing a diversification trend, with innovative products and consumption scenarios emerging, alongside a growing emphasis on local coffee bean usage [3][7] Industry Overview - Ready-to-drink coffee is defined as beverages made from coffee beans or powder, combined with water, milk, cream, syrup, and other ingredients, prepared on-site for immediate consumption [2] - The industry has evolved since Starbucks opened its first store in Beijing in 1999, leading to the rise of local brands like Luckin Coffee, which has disrupted the market with competitive pricing [3][5] Market Dynamics - The number of coffee consumers in China is expected to reach 417 million in 2024, marking a 4.47% increase [8] - Female consumers dominate the market, accounting for 65.4%, while Generation Z and Y represent over 90% of the consumer base, with Generation Z being the largest group at 66.1% [8] Policy Environment - The Chinese government has implemented various policies to support the development of the restaurant industry, including ready-to-drink coffee, creating a favorable environment for growth [5] Industry Structure - The supply chain includes raw material suppliers (coffee beans, milk, etc.), equipment suppliers, brand operators, and sales channels [6][7] - Yunnan province is the primary coffee bean production area, contributing over 90% of China's coffee bean output, which supports the industry's growth [7] Competitive Landscape - The market is characterized by intense competition, with over 32,000 new companies registered in the ready-to-drink coffee sector in 2025, and independent brands making up approximately 60.5% of the market [10][11] - Price wars have intensified, leading brands to seek differentiation through supply chain optimization and product innovation [11] Future Trends - Future developments will likely include deeper integration of tea and coffee products, as well as a focus on health-conscious options like low-sugar and plant-based ingredients [13]

Core Viewpoint - The financial markets are experiencing volatility due to mixed signals from the Federal Reserve regarding interest rate policies, geopolitical tensions, and sector-specific performance in both U.S. and international markets [3][4][11]. Market Performance - U.S. stock indices showed mixed results with the Dow Jones down 0.65%, S&P 500 down 0.05%, and Nasdaq up 0.13% [4][8]. - European indices faced declines, with Germany's DAX30 down 0.69%, UK's FTSE 100 down 1.11%, and the Euro Stoxx 50 down 0.85% [4][8]. - Hong Kong's Hang Seng Index fell 1.85%, closing at 26,572.46 points, with significant declines in technology stocks [5][8]. - A-shares also declined, with the Shanghai Composite Index down 0.97%, closing below 4,000 points [6][9]. Commodity Prices - WTI crude oil prices rose by 2.13%, closing at $59.82 per barrel, while Brent crude increased by 0.22% to $63.95 per barrel [4][8]. - Gold prices fell by 2.2%, ending at $4,079.58 per ounce, and silver dropped by 3.4% to $50.56 per ounce [8][9]. Federal Reserve Signals - Federal Reserve officials, including Logan and Schmidt, issued strong hawkish signals, indicating that further rate cuts may not be appropriate at this time [11]. - The market is reacting to these signals, with expectations of interest rate stability impacting various asset classes [11]. Corporate Developments - Berkshire Hathaway disclosed a rare technology stock position, having built a stake in Alphabet, Google's parent company, during Q3 [11]. - Huawei is expected to announce breakthrough technologies in the AI sector, which could enhance computational resource efficiency [17].

Core Viewpoint - The company,沪上阿姨(02589), announced a mid-term dividend distribution of 6.76 yuan for every 10 shares, scheduled for February 4, 2026 [1] Summary by Category - **Dividend Announcement** - The company will distribute a mid-term dividend of 6.76 yuan per 10 shares [1]