Core Viewpoint - The company announced the election of Ms. Huang Lin as an independent non-executive director of the board following approval at the annual general meeting [1] Group 1 - The board resolved to elect Ms. Huang Lin as the chairperson of the remuneration and assessment committee, chairperson of the nomination committee, and a member of the audit committee effective September 1, 2025 [1]

本公司董事會（「董事會」）成員及彼等各自於董事會及董事委員會的角色及職能載列如下： | | 董事委員會 | | 薪酬與 | | | | --- | --- | --- | --- | --- | --- | | 董事 | | 審計委員會 | 考核委員會 | 提名委員會 | 戰略委員會 | | 執行董事 | | | | | | | 杜春嶧女士 | （董事長） | | M | M | C | | 周信忠先生 | （總經理） | | | | M | | 張慕衡先生 | | | | | | | 石一景女士 | | | | | | | 付剛先生 | | | | | | | 劉佳杰先生 | | | | | M | | 獨立非執行董事 | | | | | | | 黃琳女士 | | M | C | C | | | 湯章亮先生 | | M | | | | | 楊克泉博士 | | C | M | M | | 附註： PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 董事名單及其角色與職能 C 相關董 ...

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） (1)於二零二五年九月一日舉行之 二零二四年年度股東大會之投票結果； (2)委任獨立非執行董事； (3)董事會專門委員會組成變動； 年度股東大會已於二零二五年九月一日（星期一）上午九時正在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根據《中華人民共和國公司法》（「公司法」）及本公司公司章 程召開及舉行。年度股東大會由董事會主席杜春嶧女士主持。 董事會欣然宣佈，於年度股東大會上，年度股東大會通告所載列之所有提呈普通決議案及特別 決議案均獲股東以投票表決方式正式通過。 於年度股東大會日期，本公司已發行股份總數為126,000,000股，其中31,500,000股為H股 及94,500,000股為內資股。出席年度股東大會的股東及 ...

Core Viewpoint - The company reported a significant decline in revenue and profitability in its recent half-year report, indicating potential challenges in its business operations [1] Financial Performance - The company recorded revenue of 120 million yuan, representing a year-on-year decrease of 38.8% [1] - Gross profit was 61.67 million yuan, down 50.5% compared to the previous year [1] - The company experienced a shareholder loss of 28.946 million yuan, a shift from profit to loss year-on-year [1]

Core Insights - The company reported a revenue of 120 million RMB and a gross profit of 61.67 million RMB for the six months ending June 30, 2025, with a shareholder loss of 28.946 million RMB, translating to a loss per share of 0.23 RMB [2] Financial Performance - Revenue for the reporting period was 120 million RMB [2] - Gross profit amounted to 61.67 million RMB [2] - The company experienced a shareholder loss of 28.946 million RMB [2] - Loss per share was reported at 0.23 RMB [2] Market Strategy - The company adopted a market and customer demand-centric retail strategy to enhance its operational sustainability [2] - Adjustments were made in operational management, product development, and marketing policies to respond to changing consumer trends [2] Sales Channels - Sales revenue from offline distribution channels decreased by 71.5% year-on-year, primarily due to weak consumer spending in physical stores [2] - Conversely, sales from large customer channels grew by 103.7% year-on-year [2] Cost Management - The company optimized its business operations and service structure to improve operational efficiency and market responsiveness [2] - Sales and marketing expenses were reduced by 38.1% year-on-year [2] - Administrative expenses decreased by 16.8% year-on-year [2]

Core Insights - The company reported a revenue of 120 million yuan and a gross profit of 61.67 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 28.946 million yuan, translating to a loss per share of 0.23 yuan [1] Financial Performance - Revenue for the reporting period was 120 million yuan, with a gross profit of 61.67 million yuan [1] - The company experienced a loss attributable to shareholders of 28.946 million yuan, equating to a loss per share of 0.23 yuan [1] Market Strategy - The company has adopted a market-oriented and customer-centric strategy to enhance its retail operations in tea consumer products, focusing on operational management, product development, and marketing policy adjustments [1] - Despite a challenging market environment, the company aims to improve its sustainable operational capabilities [1] Sales Channels - Sales revenue from offline distribution channels decreased by 71.5% compared to the same period in 2024 due to weak consumer spending in physical stores [1] - Conversely, sales from large customer channels increased by 103.7% compared to the same period in 2024, indicating a positive trend in this segment [1] Cost Management - The company successfully controlled costs during the reporting period, with sales and marketing expenses decreasing by 38.1% and administrative expenses decreasing by 16.8% compared to the same period in 2024 [1] - Continuous optimization and upgrading of business operations and service structures were implemented to enhance operational efficiency and provide a more agile market response for partners [1]

Core Insights - The company reported a revenue of 120 million yuan and a gross profit of 61.67 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 28.946 million yuan, translating to a loss per share of 0.23 yuan [1] - The company is adopting a market-oriented and customer-centric strategy to enhance its operational capabilities amid a slow and volatile market recovery [1] - Sales revenue from offline distribution channels decreased by 71.5% compared to the same period in 2024, while sales from large customer channels increased by 103.7% [1] Financial Performance - The company achieved a revenue of 120 million yuan and a gross profit of 61.67 million yuan [1] - The loss attributable to shareholders was 28.946 million yuan, with a loss per share of 0.23 yuan [1] Operational Strategy - The company is focusing on optimizing its business operations and service structure to improve operational efficiency and provide a more agile market response for partners [2] - During the reporting period, the company successfully controlled costs, with sales and marketing expenses decreasing by 38.1% and administrative expenses decreasing by 16.8% compared to the same period in 2024 [2]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2025, representing a 15% increase compared to the same period in 2024[3]. - Revenue for the six months ended June 30, 2025, decreased by 38.8% to RMB 119.5 million from RMB 195.1 million in the same period of 2024[28]. - Gross profit for the same period fell by 50.5%, from RMB 124.7 million to RMB 61.7 million[28]. - The profit attributable to owners of the Company turned into a loss of RMB 28.9 million, compared to a profit of RMB 5.1 million in the prior year[29]. - Basic and diluted earnings per share for the six months ended June 30, 2025, amounted to a loss of RMB 0.23[29]. - The overall business performance showed a significant downturn compared to the previous year, reflecting ongoing market challenges[31]. - The Group achieved operating revenue of RMB 119.5 million during the Reporting Period, a decline from RMB 195.1 million in the same period of 2024, with a loss attributable to owners of RMB 28.9 million compared to a profit of RMB 5.1 million in 2024[33]. - The decline in operating results during the Reporting Period was influenced by the current market environment and management changes, but the Company remains optimistic about future recovery[55]. - For the first six months of 2025, the Group's total revenue was RMB 119.5 million, a decrease of RMB 75.6 million or 38.8% compared to RMB 195.1 million in the same period of 2024[60]. Market and Customer Insights - User data indicates a growth in active customers to 1.2 million, up 20% year-over-year[3]. - The company expects a revenue guidance of RMB 1.1 billion for the full year 2025, reflecting a projected growth of 10%[3]. - Market expansion efforts include entering three new provinces in China, targeting a 25% increase in market share by the end of 2025[3]. - A new marketing strategy focusing on digital channels is projected to increase brand awareness by 30% within the next year[3]. - The focus on healthy lifestyles among consumers is expected to drive long-term growth in the Pu'er tea and Chinese tea market[51]. Operational Adjustments and Strategies - The Company is evaluating and adjusting its operational and management strategies, which has influenced business performance during the reporting period[31]. - Management adjustments during the reporting period led to transitional delays, impacting business development[31]. - The Company continues to invest resources in assessing and refining its business strategies to adapt to market conditions[31]. - The Company aims to enhance operational efficiency and market responsiveness through continuous optimization of its business operations and service architecture[37]. - The Company plans to enhance its distribution network, aiming for a 15% reduction in logistics costs by mid-2026[3]. Investments and Acquisitions - The company is investing RMB 30 million in R&D for innovative tea processing technologies aimed at enhancing product quality[3]. - The company has completed the acquisition of a local tea producer for RMB 80 million, expected to enhance supply chain efficiency[3]. - The Company signed a product exchange agreement on May 24, 2025, to swap mid-to-high-end products that had seen declining sales for higher-quality semi-finished goods and raw tea[42]. Financial Management and Fund Utilization - The company plans to issue H shares, with a total subscription of 24 million shares expected to raise HKD 59.04 million, aimed at strengthening its financial condition[56]. - The company aims to enhance fund utilization efficiency and alleviate cash flow pressure due to slow payments from front-end stores[114]. - The adjustments in fund allocation are intended to support the company's core business development and operational activities[118]. - The total planned use of reallocated net proceeds after successive changes is RMB 141.4 million, with RMB 55.7 million utilized and RMB 8.2 million remaining unutilized as of June 30, 2025[121]. Employee and Governance - As of June 30, 2025, the Group had a total of 599 employees, with employee costs amounting to RMB 38.37 million, a decrease of 32.2% compared to RMB 56.60 million for the same period in 2024[127][128]. - The Group conducts annual performance appraisals for employees, which influence salary reviews and promotion assessments[127]. - The Company has adopted the principles and code provisions of the Corporate Governance Code to enhance accountability and transparency[138]. Compliance and Regulatory Matters - The Audit Committee confirmed that the unaudited consolidated interim results for the six months ended June 30, 2025, comply with applicable accounting standards, laws, and regulations[155]. - The company reminded all Directors, Supervisors, and senior management of trading restrictions during the black-out period prior to its commencement[149]. - During the six months ended June 30, 2025, the company was not aware of any case of non-compliance with the Model Code by relevant employees[152].

Financial Performance - Revenue for the six months ended June 30, 2025, decreased by 38.8% to RMB119.5 million from RMB195.1 million for the same period in 2024[28]. - Gross profit for the same period fell by 50.5% to RMB61.7 million compared to RMB124.7 million in the prior year[29]. - The profit attributable to owners of the Company turned into a loss of RMB28.9 million, down from a profit of RMB5.1 million in the previous year[30]. - Basic and diluted earnings per share for the six months ended June 30, 2025, amounted to a loss of RMB0.23[30]. - The Group achieved operating revenue of RMB119.5 million during the Reporting Period, a decline from RMB195.1 million in the same period of 2024, with a loss attributable to owners of RMB28.9 million compared to a profit of RMB5.1 million in 2024[34]. - The Company experienced a decline in operating results during the Reporting Period due to market conditions and management transitions, but believes this will benefit long-term sustainability[54][56]. - For the first six months of 2025, the Group's total revenue was RMB119.5 million, a decrease of RMB75.6 million (38.8%) compared to RMB195.1 million in the same period of 2024[61]. - The gross profit for the first six months of 2025 was RMB61.7 million, representing a decrease of RMB63.0 million (50.5%) from RMB124.7 million in the same period of 2024, with a gross profit margin of 51.6%, down 12.3% from 63.9%[68]. - Operating profit turned negative at RMB (10,310,000) compared to a profit of RMB 10,707,000 in the previous year[199]. - Profit for the period was RMB (28,883,000), a significant decline from RMB 4,414,000 in 2024[199]. Operational Strategies - The management discussion and analysis section will cover key operational strategies and market conditions[5]. - Management adjustments during the reporting period led to transitional challenges and resource allocation for evaluating and adjusting operational strategies[32]. - The Company is actively optimizing its business operations and service architecture to enhance operational efficiency and market responsiveness[38]. - The product exchange is part of the Company's strategy to adapt to the slow recovery of the consumer market and operational challenges faced by offline stores[43]. - The Company aims to transform exchanged-in products into cost-effective consumer products through product planning, design, and packaging[43]. - The growth in KA channel sales is attributed to the unique sales model and increased brand awareness, enhancing the Company's sales capabilities[46]. - The Company aims to enhance its online channel strategies to promote high-quality development amidst fierce competition in the e-commerce sector[49][51]. Financial Position - Cash and cash equivalents decreased significantly from RMB65.4 million as of December 31, 2024, to RMB22.6 million as of June 30, 2025, attributed to a slow recovery in the end consumer market affecting offline store operations and sales[97]. - The Group's borrowings increased from RMB326.0 million as of December 31, 2024, to RMB374.4 million as of June 30, 2025, indicating an increase in the scale of borrowings[98]. - The gearing ratio rose from 32.6% as of December 31, 2024, to 36.8% as of June 30, 2025, primarily due to the increase in borrowings[99]. - Current assets decreased by RMB69.7 million from RMB1,113.1 million as of December 31, 2024, to RMB1,043.4 million as of June 30, 2025, primarily due to decreases in trade and other receivables and cash and cash equivalents[96]. - Total assets decreased to RMB1,250,819,000 as of June 30, 2025, down from RMB1,341,679,000 at the end of 2024[200]. - Total equity attributable to owners of the Company was RMB642,688,000, a decrease from RMB671,865,000 in the previous year[200]. Governance and Compliance - The audit committee is chaired by an independent non-executive director, ensuring compliance and governance[10]. - The Company has adopted the principles and code provisions of the Corporate Governance Code to enhance accountability and transparency[139]. - The Audit Committee reviewed the unaudited consolidated interim results for the six months ended June 30, 2025, confirming compliance with applicable accounting standards[156]. - The company confirmed that all Directors and Supervisors complied with the Model Code for the six months ended June 30, 2025, with no known violations by employees[153]. Shareholder Information - The Company has issued a total of 126,000,000 shares, comprising 94,500,000 Domestic Shares and 31,500,000 H Shares[1]. - A total of 19,944,899 Domestic Shares, representing approximately 15.83% of the total issued shares, were pledged by controlling shareholders, breaching the Model Code[145]. - Ms. Wang Juan holds 12,492,899 domestic shares, representing approximately 13.22% of the relevant class and 9.92% of the total issued share capital[173]. - The voting rights of 5,786,306 Domestic Shares held by Ms. Shi Ailing are controlled by Ms. Du Chunyi due to family arrangements[165]. - The Company has not disclosed any new products, technologies, or market expansion strategies in the provided content[167]. - There are no updates on mergers or acquisitions mentioned in the provided content[167].

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） 內幕消息 本集團部分銀行賬戶凍結 經有關核實工作後顯示，賬戶凍結與廣州康瑞牽涉的一起商業訴訟事件有關。根據廣州康瑞目 前收到的訴訟材料，河北某商貿有限公司（「河北公司」）與廣州某有限公司（「廣州公司」）簽署 了業務合作合同（「商業合作」），由於雙方存在合作糾紛，河北公司遂對廣州公司進行了起訴 （「訴訟案件」）。由於廣州康瑞早前對廣州公司出具了相關茶產品採購、加工及銷售的業務授權 書，而公司前高管王娟女士（「王女士」）及公司現任董事張慕衡先生（「張先生」）對有關商業合 作出具了承諾書及提供了擔保或保證，從而導致廣州康瑞、王女士及張先生亦作為訴訟案件的 被告方。同時，河北公司認為本公司係廣州康瑞的唯一股東，應對廣州康瑞牽涉的債務承擔無 限連帶保 ...