此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢股票經紀或其他持牌證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已將名下所有普洱瀾滄古茶股份有限公司的股份售出或轉讓，應立即將本通函連同隨附的代表委任 表格交予買家或受讓人或經手買賣或轉讓的銀行、股票經紀或其他代理人，以便轉交買家或受讓人。 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，概不對因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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 本公司謹訂於二零二五年九月一日（星期一）上午九時正假座中國雲南省普洱市瀾滄拉祜族自治縣勐 朗鎮縣城西郊溫泉社區平掌路舉行年度股東大會，召開大會的通告載於本通函第27至29頁。隨函亦 附奉年度股東大會適用的代表委任表格。該代表委任表格亦刊載於香港交易及結算所有限公司網站 ( www.hkexnews.hk )及本公 ...

Core Viewpoint - The company, Lancang Ancient Tea (06911.HK), anticipates a significant decline in revenue and a shift from profit to loss for the reporting period ending June 30, 2025, primarily due to slow recovery in the consumer market and internal management adjustments [1] Financial Performance - The expected revenue for the reporting period is approximately RMB 117 million to RMB 120 million, representing a year-on-year decrease of about 38.5% to 40.0% [1] - The net profit attributable to the company's owners is projected to decline from RMB 5.1 million for the six months ending June 30, 2024, to a net loss of approximately RMB 28 million to RMB 32 million for the current reporting period [1] Operational Challenges - The decline in revenue is attributed to the slow recovery of the terminal consumer market, which continues to impact the operations and sales of physical stores [1] - Internal management adjustments have led to transitional delays, and resources have been allocated to evaluate and adjust the company's operational and management strategies, affecting business development during the reporting period [1]

年度股東大會通告 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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 茲通告普洱瀾滄古茶股份有限公司（「本公司」）將於二零二五年九月一日（星期 一）上午九時正假座中國雲南省普洱市瀾滄拉祜族自治縣勐朗鎮縣城西郊溫泉社區平掌 路舉行年度股東大會（「年度股東大會」），以審議及酌情批准以下決議案。除另有說明 外，本通告所用詞彙與本公司日期為二零二五年八月八日的通函（「通函」）所界定者具 有相同涵義： 普通決議案 – 1 – 1. 審議及批准本公司二零二四年董事會報告。 2. 審議及批准本公司二零二四年監事會報告。 3. 審議及批准本公司二零二四年年度報告。 4. 審議及批准本公司二零二四年年度利潤分配方案。 5. 審議及批准本公司二零二四年財務決算報告。 6. 審議及批准本公司二零二五年財務預算報告 ...

PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 本人╱吾等 （附註1） 地址為 為普洱瀾滄古茶股份有限公司（「本公司」）每股人民幣1.00元H股╱內資股（「股份」） （附註2） 股的登記持有人，茲委任本公司年度股東大會（「大會」）主席或 （附註1） 地址為 適用於二零二五年九月一日（星期一）舉行之年度股東大會的代表委任表格 為本人╱吾等的受委代表，代表本人╱吾等出席本公司謹訂於二零二五年九月一日（星期一）上午九時正假座中國雲南省普洱市瀾 滄拉祜族自治縣勐朗鎮縣城西郊溫泉社區平掌路舉行的大會或其任何續會，以考慮並酌情通過召開大會通告所載的決議案，並按下 列指示 （附註4） 以本人╱吾等名義代表本人╱吾等就於大會及其任何續會上提呈的決議案投票 （附註4） 。 除另有說明外，本代表委任表格所用詞彙與本公司日期為二零二五年八月八日的通函（「通函」）所界定者具有相同涵義。 | | 普通決議案 | 贊成 （附註4） | 反對 （附註4） | 棄權 （附註4） | | --- | --- | --- | - ...

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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 盈利預警 本公告乃普洱瀾滄古茶股份有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據香港 聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及證券及期貨條例（香港法例第571 章）第XIVA部項下的內幕消息條文（定義見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據對本集 團截至二零二五年六月三十日止六個月（「報告期」）的未經審核綜合管理賬目的初步評估及董事 會目前所得資料，預期本集團報告期將錄得收入約人民幣117百萬元至120百萬元，同比減少約 38.5%至40.0%；錄得本公司擁有人應佔溢利由二零二四年六月三十日止六個月的人民幣5.1百 萬元下降至報告期內的約人 ...

FF301 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: 普洱瀾滄古茶股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年8月6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) | 06911 | 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 | | | 31,500,000 | RMB | | 1 | RMB | | 31,500,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 31,500,000 | RMB | | 1 | RMB | | 31, ...

Core Viewpoint - The company, Lancang Ancient Tea, reported a significant financial downturn in its 2024 annual report, with a loss of 308 million yuan and a 31.48% drop in revenue compared to the previous year, primarily due to channel losses and increased competition [1][2]. Group 1: Financial Performance - In 2024, Lancang Ancient Tea achieved revenue of 361 million yuan, a substantial decrease of 31.48%, resulting in a loss that wiped out the profits of the previous three years [2]. - The company's gross margin fell from 67% to 52% due to aggressive discounting and promotional strategies [4]. Group 2: Channel Challenges - The company heavily relied on offline channels, which contributed 72% of its revenue before the listing, but has faced significant challenges as online channels have rapidly emerged, disrupting traditional sales models [3]. - The shift in consumer behavior towards online shopping has negatively impacted the performance of physical stores, leading to a 52.3% decrease in revenue from distributors and an 18.1% drop from direct sales [4]. Group 3: Inventory and Financial Risks - Lancang Ancient Tea's inventory has increased from 470 million yuan in 2020 to 903 million yuan in 2024, now accounting for 67% of total assets, with inventory turnover days rising from 1,326 to 1,811 days [7]. - The company is experiencing cash flow issues, with a net outflow of 108 million yuan from operating activities and a significant increase in short-term debt, totaling 231 million yuan [7]. Group 4: Management Changes - Following the poor financial performance, shareholders proposed a management change, leading to the resignation of the previous CEO, Wang Juan, and the appointment of Zhou Xinzong as the new CEO [8]. - The new management is expected to address the company's challenges and lead the transformation efforts [9].

Group 1: 澜沧古茶 - 澜沧古茶's H-shares resumed trading after a suspension due to management and operational adjustments, with a reported loss of over 300 million yuan for 2024 [1] - The company's revenue for 2024 was 361 million yuan, a year-on-year decline of 31.5%, while gross profit fell to 188 million yuan, down 46.8% [1] - The shift from a profit of 80 million yuan in 2023 to a loss of 308 million yuan in 2024 was attributed to slow market recovery and challenges faced by physical stores due to the rise of e-commerce and private label products [1] Group 2: 元气森林 - 元气森林's iced tea series has entered the Indonesian market, marking its second product line to launch in the country after sparkling water [2] - The brand has achieved coverage of over 30,000 retail outlets in Indonesia and has also entered 591 Costco stores in the US and 109 in Canada, indicating steady global expansion [2] Group 3: 港股茶饮股 - Hong Kong's tea beverage stocks saw significant gains, with 奈雪的茶 rising by 33.33%, 古茗 by 4.31%, and others also showing positive performance [3] - A report from 中泰证券 highlighted that the beverage sector maintained strong growth in the fast-moving consumer goods category, with soft drinks outperforming other categories [3] - The upcoming peak season for the soft drink industry is expected to drive further growth, with companies increasing promotional activities [3] Group 4: 猫屎咖啡控股 - 猫屎咖啡控股 announced the resignation of chairman 梁乃铭, effective June 30, 2025, while appointing 梁嘉慧 as the new chairman and executive director [4] - The new chairman, aged 27, holds a business degree and is currently the CEO of another company, with an annual director's remuneration of 148,800 HKD [4] - Other board appointments included 崔志强 as an executive director and major shareholder, and 冯伟嬋 as a non-executive director, with respective annual remunerations [4] Group 5: Mosska - Coffee retail brand Mosska has completed a 30 million yuan Series A financing round led by 深圳市晟商创展投资有限责任公司 [5] - Mosska, established in September 2022, focuses on a differentiated approach combining premium coffee, creative flavors, and a multi-store model [5] - The financing will be used to accelerate the expansion of physical stores, enhancing its competitive edge in the premium coffee market [5]

Company Overview - The company has established itself as one of the most famous tea brands in China after over twenty years of operation[7]. - The core brand, Lan Cang Gu Cha, includes three product lines: 1966, Tea Mama, and Iland Tea, focusing on classic and youthful tea products[8]. Sales and Distribution - The offline sales network covers over 150 cities in more than 29 provinces and municipalities in China, with continuous expansion in key account sales[8]. - The online sales channels include major e-commerce platforms such as Tmall, JD.com, WeChat, and Douyin[8]. - The company has developed a comprehensive sales network that integrates both online and offline channels[8]. - The Group's offline stores totaled 509, with 17 self-operated and 492 operated by distributors[80]. - The Company has expanded its sales network to include key account channels, primarily targeting hypermarket chains and well-known tea beverage manufacturers, which have shown high consumer stickiness and increasing sales scale[82][85]. Financial Performance - The company reported a consolidated revenue of RMB 1.5 billion for the fiscal year ended December 31, 2023, representing a year-on-year growth of 20%[31]. - User data indicated an increase in active users by 15%, reaching a total of 2 million users by the end of the reporting period[31]. - The company provided a positive outlook for the fiscal year 2024, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[31]. - For the year ended December 31, 2024, the company's revenue decreased to RMB 361,328,000, down 31.5% from RMB 527,345,000 in 2023[33]. - The Group's operating revenue was RMB361.3 million, and net loss was RMB308.6 million, representing a decrease from the previous year's revenue of RMB527.3 million and net profit of RMB78.5 million[57][59]. Profitability and Margins - The gross profit margin improved to 45%, up from 40% in the previous fiscal year, due to cost optimization measures[31]. - Gross profit for 2024 was RMB 188,014,000, a decline of 46.8% compared to RMB 353,118,000 in 2023[33]. - The Group's cost of sales remained stable at RMB 173.3 million, compared to RMB 174.2 million in the previous year[109][112]. - Selling expenses increased to RMB 171.8 million, up RMB 10.6 million or 6.6% from RMB 161.2 million in the previous year, primarily due to increased online promotion and service fees[111][114]. Strategic Initiatives - Investment in research and development increased by 30%, focusing on innovative tea products and sustainable sourcing technologies[31]. - The company plans to implement proactive adjustment strategies in brand building, operations management, and product positioning to enhance competitiveness[44]. - The management acknowledges the need for strategic realignment to better match market changes and improve operational efficiency[42]. - The management team is actively analyzing and adjusting strategies to navigate the complex market conditions, with a new president appointed to lead the Company towards recovery and development[94]. Challenges and Market Conditions - The consumer market is currently experiencing a slow recovery, with cautious shopping behavior impacting the Company's operations and development, leading to a significant decline in both operating revenue and profit levels in the 2024 Financial Year[90][92]. - The Company faced challenges in offline sales due to weak consumer spending and competition from online channels[66]. - The decline in operating revenue is partly due to a slow market recovery and the impact of online sales channels on physical store operations[64]. Sustainability and Corporate Responsibility - The company aims to reduce carbon emissions by 20% over the next five years as part of its sustainability initiatives[31]. - The Company aims to promote tea culture and has been actively pursuing economic cooperation with ethnic regions[58]. - The Company received the "Role Model of Ethnic Unity and Progress" title from the Central Committee of the Communist Party of China and the State Council in September 2024[56][58]. Employee and Management - As of December 31, 2024, the Group had a total of 730 employees, with staff costs amounting to RMB98.3 million, a decrease from approximately RMB107.0 million in the 2023 Financial Year[182][183]. - The Group has not faced significant recruitment difficulties or substantial manpower loss during the year ended December 31, 2024[184]. - The appointment of Mr. Zhou Xinzhong as President is expected to lead to steady recovery and new developments for the Company[96]. Asset and Liability Management - Total assets decreased to RMB 1,341,679,000 in 2024, down 17.6% from RMB 1,627,976,000 in 2023[35]. - Total liabilities increased to RMB 668,949,000 in 2024, up 8.3% from RMB 617,669,000 in 2023[35]. - The net assets of the company fell to RMB 672,730,000 in 2024, a decrease of 33.4% from RMB 1,010,307,000 in 2023[35]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[31]. - The Company has adopted a more cautious forecast for its sales for the next five years, leading to an impairment provision of RMB191.5 million due to operating losses and market uncertainties[61][62]. - The expected timeline for full utilization of the Net Proceeds is set for 2025, with significant amounts still unutilized as of the reporting period[177].

Core Viewpoint - The company reported a significant decline in revenue and a shift from profit to loss in the fiscal year 2024, indicating operational challenges and ineffective cost management strategies [1][2]. Group 1: Financial Performance - The company achieved a revenue of 361 million yuan in the fiscal year 2024, representing a year-on-year decrease of 31.5% [1]. - The profit attributable to the company's owners fell from 80 million yuan in 2023 to a loss of 308 million yuan in 2024 [1]. Group 2: Operational Challenges - The company faced difficulties in balancing online and offline sales channels, leading to increased online promotional expenses by 67.7% compared to the same period in 2023, without achieving significant sales growth [2]. - The company maintained high marketing expenditures, with a 16.7% increase in brand marketing and promotional activities, but these investments did not yield satisfactory returns [2]. Group 3: Strategic Developments - The company capitalized on its brand strength and product development capabilities, achieving a revenue of 54.5 million yuan from large customer channels, which marked a 173.0% increase compared to 2023 [3]. - The company has requested a suspension of its shares on the stock exchange starting April 1, 2025, until the announcement of its full-year results [3].