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 FF301 第 1 頁 共 13 頁 v 1.1.1 致：香港交易及結算所有限公司 公司名稱: 中國動向(集團)有限公司 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 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03818 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 H ...

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。 China Dongxiang (Group) Co., Ltd. 中 國 動 向（ 集 團 ）有 限 公 司 （股份代號：3818） 於二零二五年八月二十日舉行股東週年大會的投票表決結果 中國動向（集團）有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司股東已於 二零二五年八月二十日舉行的股東週年大會（「股東週年大會」）上，以投票表決方式 批准於二零二五年七月十一日刊發的股東週年大會通告（「通告」）所載的所有決議 案。下表載列股東週年大會上提呈各項決議案的投票表決結果： | | 普通決議案 | 票數（概約%） | | | --- | --- | --- | --- | | | 贊成 | | 反對 | | 1 | 省覽及採納截至二零二五年三月三十一日止十 2,972,294,786 | | 19,138,089 | | | 二個月的經審核財務報表、董事會報告書及核 (99.360237%) | ...

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: 重新提交 致：香港交易及結算所有限公司 公司名稱: 中國動向(集團)有限公司 呈交日期: 2025年8月12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) | 03818 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月 ...

呈交日期: 2025年8月7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) | 03818 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 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: 重新提交 致：香港交易及結算所有限公司 公司名稱: 中國動向(集團)有限公司 本月底 ...

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6月30日 狀態: 新提交 呈交日期: 2025年7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) | 03818 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 FF301 致： ...

DONGXIANG China Dongxiang (Group) Co., Ltd. 中 國 動 向 ( 集 團 ) 有 限 公 司 （於 開 曼 群 島 註 册 成 立 的 有 限 公 司 ） 股 份 代號: 3818 20 b 告 HaH I D (1 ® g Mi 極動 感觉 透露 row ( ø phenix | 目錄 | | --- | | 願景和使命 | 3 | | --- | --- | | 公司資料 | 6 | | 五年財務摘要 | 8 | | 主席報告書 | 11 | | 品牌組合 | 14 | | 管理層討論與分析 | 16 | | 投資者關係報告 | 42 | | 董事及高級管理人員簡介 | 43 | | 企業管治報告 | 46 | | 董事會報告 | 63 | | 獨立核數師報告 | 78 | | 綜合損益及其他全面收益表 | 86 | | 綜合財務狀況表 | 88 | | 綜合權益變動表 | 90 | | 綜合現金流量表 | 92 | | 綜合財務報表附註 | 94 | 中國動向（集團）有限公司 • 年度報告2024/25 2 中國動向（集團）有限公司 • 年度報告2024/25 ...

Group 1: Company Acquisitions and Performance - Baozun has acquired the China operations of the UK high-end yoga wear brand Sweaty Betty, marking its third international brand acquisition after Gap and Hunter [2] - Sweaty Betty, founded in 1998, is known for its stylish yoga pants and has a price range of 750 to 1180 RMB, slightly higher than some core products of lululemon [2] - In Q1 2025, Baozun reported a revenue of 284 million USD, a year-on-year increase of 3.27% [2] - LVMH and Kering are dragging down the luxury goods sector, with a projected 3% decline in organic sales in Q2 2025, worsening from a 1% decline in Q1 [3] - Armani's revenue fell by 6% to 2.3 billion euros in 2024, with a significant drop in operating profit by nearly 69% [6] Group 2: Market Trends and Challenges - The luxury goods market is facing increased pressure due to currency fluctuations and decreased purchasing power among tourists from China and the US [3][4] - Armani's performance in the Asia-Pacific region has declined, with its share dropping from 21% to 19% due to a slowdown in the Chinese market [6] - The overall luxury sector is experiencing a downturn, with major brands like LVMH and Kering contributing to the negative trend [3] Group 3: New Product Launches and Collaborations - L'Oréal has acquired the American haircare brand Color Wow, which has an estimated sales figure slightly above 300 million USD [8] - Lululemon has launched the 2025 "Summer Fun Challenge" to promote an active lifestyle [10] - HOKA ONE ONE has introduced the new Rocket X 3 racing shoe, featuring advanced materials for improved performance [18] Group 4: Retail and Market Expansion - The Chinese brand Yuanqi Forest has expanded its iced tea line into Indonesia, marking its second product line to enter the market [26] - Miniso's global flagship store in Shanghai achieved over 100 million RMB in sales within nine months, with IP series products accounting for 79.6% of sales [25] - The opening of the first store for Yuanji Cloud Dumplings in Thailand is planned, maintaining the original recipe without local modifications [27]

Financial Performance - For the fiscal year ending March 31, 2025, the company reported a revenue of RMB 1,680 million, a decrease of 3.7% compared to RMB 1,744 million in the previous year[16]. - The operating profit for the same period was RMB 244 million, a significant recovery from an operating loss of RMB 778 million in the prior year[16]. - The net profit attributable to the company's owners was RMB 207 million, compared to a net loss of RMB 639 million in the previous year, marking a turnaround[16]. - The gross profit margin improved to 68.6%, up from 68.3% in the previous year[16]. - Basic earnings per share for the year were RMB 3.53, a recovery from a loss of RMB 10.90 per share in the previous year[16]. - The group's total sales for the twelve months ended March 31, 2025, were RMB 1,680 million, a decrease of 3.7% compared to RMB 1,744 million for the twelve months ended March 31, 2024[86]. - The Kappa brand's total sales during the reporting period were RMB 1,566 million, down from RMB 1,638 million in the comparative period, representing a decrease of RMB 72 million[90]. - The Kappa brand's sales by product category showed a decline in apparel sales by 7.9% to RMB 1,202 million and footwear sales by 13.8% to RMB 206 million[88]. - The gross profit for the reporting period was RMB 1,152 million, down from RMB 1,192 million in the comparative period, with a gross margin of 68.6%, slightly up from 68.3%[93]. - The investment division's operating profit for the reporting period was RMB 193 million[86]. Assets and Liabilities - Total assets as of March 31, 2025, were RMB 10,040 million, an increase from RMB 9,741 million in the previous year[16]. - The company's net current assets reached RMB 4,594 million, up from RMB 3,990 million in the previous year[16]. - The debt-to-equity ratio was reported at 0.09, slightly up from 0.07 in the previous year, indicating a stable financial position[17]. - The net asset value attributable to the company's equity holders was RMB 9,208 million as of March 31, 2025, compared to RMB 9,075 million as of March 31, 2024[119]. - The group's current assets exceeded current liabilities by RMB 4,594 million as of March 31, 2025, compared to RMB 3,990 million as of March 31, 2024[119]. - The current ratio as of March 31, 2025, was 7.9 times, down from 9.0 times as of March 31, 2024[119]. Investment Strategy - The group has invested approximately RMB 8 billion in various assets, including private equity funds, cash, and listed securities, demonstrating a diversified investment strategy[122]. - The investment decision-making process involves a thorough risk assessment and compliance with national policies, ensuring that investments do not hinder the core business operations[124]. - The group has shifted its investment strategy to reduce equity investments and increase allocations to high liquidity and safe assets, aiming to enhance risk resilience[125]. - The investment committee, composed of three executive directors, oversees all investment decisions, ensuring alignment with the group's strategic objectives[126]. - The group emphasizes a comprehensive risk management framework, including financial monitoring and due diligence processes to identify potential risks[127]. Market and Economic Outlook - The first quarter of 2025 saw China's GDP growth at 5.4%, exceeding expectations, indicating a strong economic recovery[33]. - The group plans to leverage government policies aimed at boosting domestic consumption to enhance its market position in the sports industry[74]. - The global economic growth forecast for 2025 is 3.32%, which is below the pre-pandemic average, reflecting ongoing challenges[50]. - In the fiscal year 2024/25, China's GDP grew by 5.0% year-on-year, with retail sales of consumer goods increasing by 3.5%[50]. - The sports and entertainment goods sector saw a significant growth of 11.1% year-on-year, indicating a strong demand for sports products[60]. Corporate Governance - The company has adhered to the corporate governance code and has complied with all relevant regulations as of March 31, 2025[163]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced composition with sufficient knowledge and experience[168]. - The company has established a continuous training and professional development program for all directors to ensure they remain informed and capable of contributing effectively[175]. - The audit committee is responsible for monitoring the integrity of financial statements and ensuring the effectiveness of risk management and internal control systems[182]. - The company has implemented a succession plan for its board members, with provisions for re-election at the annual general meeting[172]. Sustainability and Social Responsibility - The group has committed to sustainable development by adopting eco-friendly materials and reducing carbon emissions[42]. - The company has established an Environmental, Social, and Governance (ESG) committee to oversee its policies and practices in these areas[81]. - The company has complied with the Environmental, Social, and Governance (ESG) reporting guidelines as per Listing Rule 13.91, with disclosures made in the ESG report available on the Hong Kong Stock Exchange and the company's website[165]. - The company emphasizes the importance of independent non-executive directors and regularly assesses their independence[192]. Marketing and Brand Strategy - The company aims to enhance user confidence and promote a high-quality healthy lifestyle through its products[10]. - The vision is to become the leading brand in fashion sports, indicating a focus on market expansion and brand positioning[11]. - KAPPA brand launched new product lines that emphasize both aesthetics and functionality, catering to evolving consumer preferences[38]. - KAPPA's marketing strategy during the 2024 Paris Olympics included innovative campaigns and collaborations with cultural communities, significantly increasing user engagement and product interest[62]. - KAPPA's marketing efforts have included partnerships with celebrities and social media campaigns to connect emotionally with young consumers, boosting brand visibility[62]. Employee and Management Structure - The group had 338 employees as of March 31, 2025, down from 350 employees a year earlier[83]. - The company has one senior management member earning below HKD 100,000, three earning between HKD 100,000 and HKD 1,000,000, four earning between HKD 1,000,001 and HKD 2,000,000, one earning between HKD 3,000,001 and HKD 4,000,000[186]. - The executive committee is responsible for daily operations and strategy implementation, reporting to the board on growth, efficiency, and resource allocation[200].

Group 1 - Bitcoin has seen a slight short-term increase, currently priced at $103,818 per coin [1] - Donald Trump has expressed his support for Bitcoin, identifying himself as a loyal fan of cryptocurrency [1]

Group 1 - Alibaba-related stocks in Hong Kong continue to strengthen, with Yunfeng Financial (00376.HK) surging by 67% [1] - China Dynamics (03818.HK) increased by over 11% [1] - Other stocks such as Gao Xin Retail (06808.HK) and Yabo Technology Holdings (08279.HK) also experienced gains [1]