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。 MIGAO GROUP HOLDINGS LIMITED 米高集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9879） 公告 重續持續關連交易 及年度上限 2026年關連交易框架協議 由於(i)北大荒現代農業服務及其附屬公司在附屬公司層面上為關連人士；(ii)董 事會已批准2026年關連交易框架協議及其項下擬進行之交易；及(iii)全體獨立非 執行董事已確認，2026年關連交易框架協議的條款屬公平合理，乃按一般商業 條款或更佳條款訂立，且符合本公司及其股東的整體利益，故根據上市規則第 14A.101條，該等交易須遵守申報、年度審核及公告規定，惟獲豁免遵守獨立股 東批准規定。 1 背景 2026年關連交易框架協議 茲提述本公司日期為2024年3月13日的招股章程。於2024年2月29日，本公司與 北大荒現代農業服務訂立2024年北大荒框架銷售協議，據此，本集團同意於上市 日期至2026年 ...

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: 2026年2月28日 狀態: 新提交 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) | 09879 | 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 | USD | | 0.01 USD | | 100,000,000 | | 增加 / 減少 (-) | | | | 0 | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | 100,000,000 | 致：香港交易及結算所有限公司 公司名稱: 米高集團控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年3月 ...

（股份代號：9879） 自願公告 控股股東股權架構變動 本公告乃由米高集團控股有限公司（「本公司」）自願作出。 控股股東股權架構變動 本公司獲本公司主席、行政總裁、執行董事及控股股東劉國才先生（「劉先生」） 告知，其（作為委託人）已就劉先生的財產規劃設立劉氏家族信託(Liu Family Trust)。劉氏家族信託透過其間接全資附屬公司MGO Familia International Limited （「MGO Familia International」）收購Migao Holding Limited（「Migao BVI」，一 家於英屬處女群島註冊成立的公司，持有675,000,000股本公司股份（「股份」）， 佔本公司截至本公告日期已發行股本總額約74.26%）99%已發行股本（「家族信託 重組」）。於家族信託重組前，Migao BVI由Migao International Holding Limited （「Migao International」，一家於巴巴多斯註冊成立的公司，且由劉先生全資擁 有）全資擁有。 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 ...

Investment Rating - The report maintains a "Collect" rating for MIGAO Group, with a target price of HKD 8.98 based on a 17x PE for the fiscal year 2027 [3]. Core Insights - For the first half of the fiscal year 2026, MIGAO Group reported a net profit increase of 22.1% year-on-year, driven by a revenue growth of approximately 10.5% to RMB 2.352 billion, despite a 15.0% decline in total sales volume [1][2]. - The company is expanding its operations into the Vietnamese and Middle Eastern markets, with plans to establish new production facilities in Vietnam to meet rising demand in emerging Asian markets [1][2]. Financial Performance Summary - Revenue for fiscal year 2026 is projected to be RMB 5.663 billion, with a year-on-year growth of 14% [4]. - The net profit forecast for fiscal years 2026, 2027, and 2028 is RMB 388 million, RMB 427 million, and RMB 468 million, respectively, reflecting growth rates of 26%, 10%, and 9% [4]. - Earnings per share (EPS) is expected to increase from RMB 0.34 in 2025 to RMB 0.51 in 2028 [4]. Strategic Developments - The company has allocated approximately RMB 34.5 million for capital expenditures in the first half of fiscal year 2026, primarily for the development of a storage and production center in Heilongjiang, China, and for the expansion project in Vietnam [2]. - MIGAO Group has completed the registration and office leasing for its subsidiary in the Dubai International Financial Centre, aligning with its long-term global development strategy [1].

Investment Rating - The report assigns a "Collect" rating for MIGAO Group, with a target price of HKD 8.98 based on a 17x PE for the fiscal year 2027 [3]. Core Insights - For the first half of the fiscal year 2026, MIGAO Group reported a net profit increase of 22.1% year-on-year, driven by a 10.5% revenue growth to approximately RMB 2.352 billion, despite a 15.0% decline in total sales volume [1]. - The company is expanding its operations into the Vietnamese and Middle Eastern markets, with plans to establish new production facilities in Vietnam to meet rising demand in emerging Asian markets [1][2]. - Capital expenditures for the first half of fiscal year 2026 were approximately RMB 34.5 million, primarily for the development of a storage and production center in Heilongjiang Province, expected to be operational by March 31, 2028 [2]. Financial Data and Forecasts - Revenue projections for MIGAO Group are as follows: RMB 5.663 billion for 2026, RMB 6.163 billion for 2027, and RMB 6.271 billion for 2028, reflecting year-on-year growth rates of 14%, 9%, and 2% respectively [4]. - The forecasted net profit for the fiscal years 2026, 2027, and 2028 is RMB 388 million, RMB 427 million, and RMB 468 million, indicating growth rates of 26%, 10%, and 9% respectively [4]. - The earnings per share (EPS) is projected to be RMB 0.43 for 2026, RMB 0.47 for 2027, and RMB 0.51 for 2028 [4].

更改香港主要營業地點 米高集團控股有限公司（「本公司」）董事會（「董事會」）茲通告本公司在香港主要 營業地點將更改為香港中環夏慤道10號長江集團中心二期東座38樓，自2026年2 月23日起生效。本公司的網站維持不變。 承董事會命 米高集團控股有限公司 主席兼執行董事 劉國才先生 香港，2026年2月23日 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。 MIGAO GROUP HOLDINGS LIMITED 米高集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9879） 於本公告日期，董事會包括執行董事劉國才先生、孫平福先生及董本梓先生；及 獨立非執行董事為陳國福先生、黃莎莎女士及Qing Meyerson女士。 ...

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: 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: 米高集團控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年2月4日 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 09879 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 908,940,000 0 908,940,000 增加 / 減少 (-) 0 0 本月底結存 908,940,000 0 908,940,000 | 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) | 09879 | 說明 | | | | | | | | | | ...

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 致：香港交易及結算所有限公司 公司名稱: 米高集團控股有限公司 (於開曼群島註冊成立的有限公司) 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) | 09879 | 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 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 本月底法 ...

Financial Performance - Total revenue for 6MFY2026 was approximately RMB2,352.0 million, a year-on-year increase of about 10.5% compared to RMB2,128.2 million in 6MFY2025[12] - Profit for 6MFY2026 increased to approximately RMB92.0 million, representing a year-on-year growth of approximately 22.1% from RMB75.3 million in 6MFY2025[12] - Basic earnings per share for 6MFY2026 were approximately RMB0.10, an increase of about 11.1% compared to RMB0.09 in 6MFY2025[12] - The Group's revenue for 6MFY2026 was approximately RMB2,352.0 million, representing an increase of approximately 10.5% from RMB2,128.2 million for 6MFY2025[28] - Gross profit increased to approximately RMB233.6 million in 6MFY2026, with a gross profit margin rising from approximately 8.7% to 9.9%[35] - Net profit for 6MFY2026 was approximately RMB92.0 million, representing an increase of approximately 22.1% compared to approximately RMB75.3 million in 6MFY2025[54] - Total comprehensive income for the period was RMB 93,591,000, an increase from RMB 77,399,000 in the previous year[145] Sales and Market Dynamics - The overall average selling price of potash fertilizer products increased, which offset a decline in total sales volume by approximately 15.0%, from around 1,037,000 tonnes in 6MFY2025 to approximately 881,000 tonnes in 6MFY2026[13] - Sales of KCL and SOP accounted for approximately 92.3% and 6.7% of the total revenue, respectively, during 6MFY2026[28] - The sustained high market demand for the Group's products reflects the effectiveness of its pricing strategy in response to global market dynamics[16] - The Group continues to expand its market share to reinforce its leadership position in the potash market[17] Strategic Initiatives - The Group aims to drive growth through innovation and expanding product offerings to navigate market fluctuations[19] - Strategic investments in new facilities and technologies are expected to enhance supply capacity and strengthen the Group's position in the agricultural industry[19] - The Group plans to explore new markets to support the increasing global demand for high-efficiency fertilizers[19] - The Group is planning to establish a new production facility in Vietnam to meet emerging market demands and has obtained necessary approvals[22] - The Group is evaluating strategic business development opportunities in the Middle East as part of its long-term global growth strategy[22] Expenses and Costs - The cost of goods sold for 6MFY2026 was approximately RMB2,118.4 million, an increase of approximately 9.0% from RMB1,943.7 million for 6MFY2025[34] - Other income decreased by approximately 40.4% to approximately RMB7.2 million in 6MFY2026, primarily due to a reduction in input value-added tax deductions[36] - The Group recorded a loss of approximately RMB4.4 million in other gains and losses for 6MFY2026, compared to a gain of approximately RMB3.5 million in 6MFY2025[37] - Impairment losses increased to approximately RMB7.8 million in 6MFY2026, compared to RMB0.6 million in 6MFY2025, due to higher provisions for expected credit losses[38] - The Group's general and administrative expenses increased by approximately 16.8% to approximately RMB73.7 million in 6MFY2026, attributed to higher professional fees and business travel expenses[41] - Research and development expenses increased from approximately RMB16.8 million for 6MFY2025 to approximately RMB19.0 million for 6MFY2026, representing an increase of approximately 13.4%[47] - Finance costs increased by approximately 12.3% from approximately RMB10.8 million in 6MFY2025 to approximately RMB12.1 million in 6MFY2026, primarily due to an increase in overall borrowings[49] Cash Flow and Capital Management - Total cash and restricted cash balances were approximately RMB912.7 million as at 30 September 2025[55] - The Group's borrowings amounted to approximately RMB605.9 million as at 30 September 2025, with a gearing ratio of approximately 22.0%[63] - Capital expenditures for 6MFY2026 amounted to approximately RMB34.5 million, primarily for the construction and development of a warehousing and production centre in Heilongjiang Province[64] - The total net proceeds utilization as of September 30, 2025, shows HK$575.041 million utilized and HK$262.470 million unutilized[102] Corporate Governance and Compliance - The Company has adopted the Corporate Governance Code and believes it has complied with relevant provisions, except for the segregation of roles between the chairperson and the chief executive officer[79][82] - The Audit Committee, comprising three independent non-executive Directors, reviewed the unaudited interim results for 6MFY2026 and confirmed compliance with applicable accounting principles and adequate disclosures[88][89] - The Group has implemented sanctions compliance measures, including requiring suppliers to provide certificates of origin for each purchase transaction[135] - Regular compliance training is conducted for key employees and management to enhance sanctions awareness and identify potential risks[136] - The Sanctions Compliance Committee actively supervises the implementation and effectiveness of the Group's sanctions compliance measures[135] Shareholder Information - The Board did not declare any interim dividend for 6MFY2026, consistent with 6MFY2025, but proposed a final dividend of RMB0.075 per share for the year ended 31 March 2025, which was approved by shareholders[74][77] - Mr. Liu Guocai holds a 74.26% interest in the Company through controlled corporations, amounting to 675,000,000 shares[117][122] - The total number of issued shares as of September 30, 2025, is 908,940,000[124] - The company raised approximately HK$798.6 million in net proceeds from the listing of 225,000,000 shares at an offer price of HK$4.08 per share, with an additional 8,940,000 shares issued through an over-allotment option[95] Taxation and Regulatory Environment - The standard income tax rate in China is 25%, with a reduced rate of 15% available for subsidiaries qualified as high and new-technology enterprises[199] - The Group is not subject to any income tax in the Cayman Islands[195] - The qualification for the reduced income tax rate for high and new-technology enterprises must be renewed every three years[199] - A withholding income tax rate of 10% applies to dividends from profits earned since 2008 for foreign investors in China[200]

Core Insights - As of December 10, 30 stocks reached their 52-week highs, with Design Metropolis (01545), Platinum Holdings (00459), and China Boton (03318) leading the increase rates at 40.82%, 35.48%, and 30.23% respectively [1][2] 52-Week Highs - Design Metropolis (01545) closed at 0.124, with a peak of 0.138, achieving a high rate of 40.82% [1] - Platinum Holdings (00459) closed at 0.121, with a peak of 0.126, achieving a high rate of 35.48% [1] - China Boton (03318) closed at 2.090, with a peak of 2.800, achieving a high rate of 30.23% [1] - Other notable stocks include: - China New Holdings (08125) at 25.00% [1] - Qiaoyang International Holdings (08070) at 14.46% [1] 52-Week Lows - The stock with the largest decline was Jingye Mingbang Group (02231), which fell to 0.099, a decrease of 26.40% [2] - Other significant declines included: - Zhonggang Petroleum (00632) at -16.40% [2] - Guofu Hydrogen Energy (02582) at -13.31% [2] - Additional stocks with notable declines: - Haotian International Construction Investment (01341) at -11.11% [2] - Jiaming Group Holdings (01271) at -10.00% [2]