Group 1 - The company, China Foods (00506), announced that it will distribute a final dividend of 0.154 RMB per share on July 8, 2026 [1]

| 非居民企業 | | | | | --- | --- | --- | --- | | （非中國內地登記地址） | | 10% | 詳情請參閱本公司於 2026 年 3 月 24日刊發的截至 2025 年 12 月 31 | | | | | 日止年度的全年業績公告。 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | | | 其他信息 | | | | | 其他信息 | 不適用 | | | | 發行人董事 | | | | | 董事會包括慶立軍先生為董事會主席及非執行董事；展在中先生及唐強先生為執行董事；陳剛先生及宋亮先生為非執行董事；以及 | | | | | 李鴻鈞先生、莫衛斌先生及梁家麗女士為獨立非執行董事。 | | | | 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 | | | | | --- | --- | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引 ...

Group 1 - The company reported an annual revenue of RMB 22.07 billion for the year ending December 31, 2025, representing a year-on-year growth of 2.7% [1] - The gross profit margin decreased by 0.7 percentage points to 37.1% [1] - Adjusted EBIT was RMB 1.979 billion, showing a year-on-year increase of 6.1% [1] - Adjusted EBITDA reached RMB 2.872 billion, up 5.5% year-on-year [1] - The profit attributable to shareholders was RMB 862 million, remaining essentially flat compared to the previous year [1] - The company proposed a final dividend of RMB 0.154 per share [1] Group 2 - The core Coca-Cola product sales experienced a recovery in growth, with revenue growth outpacing the same period last year [2] - The company achieved both volume and revenue growth, further solidifying its market leadership position amid stable industry development [2] - The smart retail business maintained the largest scale in the industry, with a nationwide layout continuing to deepen and revenue showing steady year-on-year growth [2] - The innovative platform, COFCO Enjoy Club, focused on enhancing core product value and significantly expanded non-Coca-Cola product business, leading to steady revenue growth [2] - The company aims to become a world-class food and beverage group, focusing on its main business while diversifying to promote high-quality business development [2]

（於百慕達註冊成立之有限公司） M 相關董事會委員會成員 北京，2026 年 3 月 24 日 中國食品有限公司董事會（「董事會」）共有8名董事，每名董事的姓名、角色及職能載列如下： | 董事會 | 審核 | 薪酬 | 提名 | 環境、社會 | 執行 | 戰略 | | --- | --- | --- | --- | --- | --- | --- | | 委員會 | 委員會 | 委員會 | 委員會 | 及管治 | 委員會 | 投資委 | | 董事會 | | | | 委員會 | | 員會 | | 執行董事： | | | | | | | | 展在中（董事總經理 | - | - | - | - | C | M | | ） | | | | | | | | 唐強 | - | - | - | C | M | | | 非執行董事： | | | | | | | | 慶立軍（主席） | - | - | C | - | - | C | | 陳剛 | - | - | - | - | - | | | 宋亮 | - | - | - | M | - | | | 獨立非執行董事： | | | | | | | | 李鴻鈞 | C | M | ...

Financial Performance - Revenue for the year ended December 31, 2025, was RMB 22,070 million, representing a 2.7% increase compared to RMB 21,292 million for the year ended December 31, 2024[3] - Adjusted EBIT for the year was RMB 1,978.9 million, up 6.1% from RMB 1,865.9 million in the previous year[3] - Adjusted EBITDA increased by 5.5% to RMB 2,872.4 million from RMB 2,722.4 million year-over-year[3] - Total comprehensive income for the year was RMB 1,428.0 million, compared to RMB 1,422.6 million in the previous year[6] - Basic and diluted earnings per share were RMB 30.82, compared to RMB 30.76 in 2024[6] - The pre-tax profit for 2025 was RMB 861,968,000, slightly up from RMB 860,535,000 in 2024, indicating a marginal increase of 0.2%[30] - Basic earnings per share for 2025 were RMB 30.82, compared to RMB 30.76 in 2024, showing a growth of 0.2%[30] - The company reported a total of RMB 2,895,764,000 in employee compensation for 2025, an increase from RMB 2,774,066,000 in 2024, reflecting a rise of 4.4%[27] - Other income, gains, and losses increased by 36.8% year-on-year, primarily due to increased government subsidies and interest income[68] Dividends and Shareholder Information - The company proposed a final dividend of RMB 0.154 per share, slightly up from RMB 0.153 per share in 2024[3] - The proposed final dividend for the year ending December 31, 2025, is RMB 0.154 per share, slightly up from RMB 0.153 for 2024, pending approval at the 2026 Annual General Meeting[82] - Shareholders must submit their registration documents by June 3, 2026, to qualify for the proposed final dividend[88] - The company will withhold a 10% corporate income tax when distributing the final dividend to non-resident corporate shareholders[84] Assets and Liabilities - Non-current assets totaled RMB 10,278.5 million, a slight decrease from RMB 10,325.1 million in 2024[7] - Current assets increased to RMB 8,106.9 million from RMB 7,273.2 million year-over-year[7] - The company reported a net cash and cash equivalents of RMB 4,549.5 million, up from RMB 4,014.4 million in the previous year[7] - Non-current liabilities increased to RMB 359,500 thousand in 2025 from RMB 363,191 thousand in 2024, reflecting a decrease of approximately 1.9%[8] - Deferred tax liabilities rose to RMB 123,118 thousand in 2025, up from RMB 97,937 thousand in 2024, representing a growth of about 25.5%[8] - Net assets increased to RMB 10,561,195 thousand in 2025, compared to RMB 10,198,216 thousand in 2024, marking an increase of approximately 3.6%[8] - Total equity attributable to owners of the company grew to RMB 6,896,338 thousand in 2025, up from RMB 6,461,978 thousand in 2024, indicating an increase of around 6.7%[8] - The company reported a decrease in lease liabilities to RMB 28,688 thousand in 2025 from RMB 46,246 thousand in 2024, a decline of about 38.0%[8] - Deferred income decreased to RMB 207,694 thousand in 2025 from RMB 219,008 thousand in 2024, representing a decline of approximately 5.2%[8] - Accounts receivable decreased from RMB 361,976 thousand in 2024 to RMB 354,552 thousand in 2025, with a provision for credit losses of RMB 24,835 thousand[35] - Trade payables increased significantly from RMB 804,247 thousand in 2024 to RMB 1,034,708 thousand in 2025, with a notable rise in payables within three months from RMB 774,157 thousand to RMB 991,767 thousand[37] Market and Sales Performance - The sales of carbonated beverages amounted to RMB 16,684,628,000 in 2025, up from RMB 16,372,978,000 in 2024, reflecting a growth of 1.9%[19] - The core Coca-Cola product sales volume showed recovery growth in 2025, with revenue growth outpacing the same period last year, further solidifying market leadership[41] - The company maintained a market share of nearly 60% in the soda category, solidifying its leading position in the market[49] - The juice category experienced a slight decline in both sales volume and revenue, prompting the relaunch of the second brand "Cooler" with differentiated strategies[51] - The water category saw double-digit sales growth, with revenue also increasing significantly due to strategic adjustments in the "Ice Dew" brand's distribution network[53] - The core brand "Monster" achieved nearly 50% sales growth year-on-year, leading the market among domestic competitors[56] - The company’s innovative platform, focusing on core product value enhancement, has led to steady revenue growth in non-Coca-Cola product lines[41] - The non-Coca-Cola product line has seen revenue growth, with 19 new brand partnerships contributing to market share expansion[58] Operational Strategies - The company aims to enhance operational efficiency and profitability through a comprehensive strategy focused on brand restructuring, marketing network optimization, and supply chain improvements[42] - The beverage business focused on new channel development, enhancing retail channels, and increasing service coverage to drive growth[47] - The company aims for sustainable high-quality development, with a commitment to zero fatalities, zero injuries, zero exceedances, and zero pollution as part of its safety and environmental goals[48] - The company is enhancing its digital and intelligent operations, significantly increasing the membership base across all channels[59] - The "Zhi Shang" smart retail business has expanded rapidly, maintaining industry leadership with a presence in over 400 cities and driving revenue growth[60] - The company is optimizing its vending machine operations and enhancing brand influence through strategic collaborations and innovative marketing approaches[61] Governance and Compliance - The company adheres to the corporate governance code as per the Hong Kong Stock Exchange listing rules, with a noted exception regarding the separation of roles between the Chairman and the CEO[89] - The company has appointed Mr. Qing Lijun as both Chairman and CEO since September 29, 2022, and Mr. Zhan Zhaozhong will assume the role of Executive Director and CEO starting January 6, 2025[90] - The Audit Committee has reviewed the consolidated financial statements for the year ending December 31, 2025, and discussed matters related to audit, internal controls, and financial reporting with the company's auditors[93] - The company's auditors, Tianzhi Hong Kong CPA Limited, confirmed that the financial figures in the announcement align with the audited consolidated financial statements for the year[94] - The company has adopted the "Standard Code" for directors' securities transactions and confirmed compliance throughout the year[91] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the year[92] - The annual results announcement will be published on the Hong Kong Stock Exchange and the company's website, with the annual report to be sent to shareholders at an appropriate time[95] Employee and Talent Management - The workforce increased to 18,349 employees as of December 31, 2025, from 17,533 employees in 2024[78] - The company has established a series of policies to ensure employee rights and benefits, including recruitment, labor contracts, and performance evaluation[79] - The company emphasizes talent development, providing a comprehensive training system to enhance employees' skills and knowledge[80]

Core Viewpoint - The article discusses the detection of artificial colorant, Canthaxanthin, in the eggs of the leading domestic brand Huang Tian E, which contradicts the company's long-standing claim of "no artificial colorants," suggesting potential false advertising [1][3]. Group 1: Detection Results - The first batch of Huang Tian E's eggs showed a Canthaxanthin residue level of 0.399 mg/kg, as reported by a third-party testing agency [1][3]. - A second batch purchased from Yonghui Supermarket revealed a Canthaxanthin residue level of 1.65 mg/kg, which is over three times the upper limit of what Huang Tian E claims is "natural" [2][4]. Group 2: Implications of Findings - The detection of Canthaxanthin at 1.65 mg/kg raises significant concerns about potential artificial additives, challenging the industry's understanding of natural components [2][4]. - Huang Tian E's repeated claims of their eggs being free from artificial colorants have been called into question, indicating possible misleading marketing practices [2][4].

Core Viewpoint - The incident regarding the detection of canthaxanthin in eggs sold by Pang Donglai has raised significant public concern, prompting the company to conduct thorough investigations and clarify the situation regarding food safety standards and regulations [1][4][18]. Group 1: Company Response - Pang Donglai has established an investigation team to address the claims made by "Wang Hai Evaluation" regarding the detection of canthaxanthin in their eggs, emphasizing that there are currently no national regulations on canthaxanthin limits in fresh eggs [1]. - The company asserts that all eggs sold are sourced through legitimate channels with complete procurement documentation and pass regular inspections, with results publicly displayed [1]. - To ensure product quality and safety, Pang Donglai has sent samples of their eggs to multiple third-party testing companies for comprehensive retesting [1]. Group 2: Regulatory and Testing Actions - Market regulatory authorities have conducted compliance checks on the procurement of the eggs sold in stores and are performing random sampling tests on various brands of eggs [1]. - All egg manufacturers are cooperating with local regulatory bodies to conduct thorough investigations of their farming facilities [1]. Group 3: Clarifications from Competitors - Fengji Food Group, the parent company of Huang Tian E, has issued a statement clarifying that their eggs do not contain artificial colorants, asserting that canthaxanthin naturally occurs in various foods, including eggs and seafood [4][5]. - The detected level of canthaxanthin in Huang Tian E eggs is reported to be 0.399 mg/kg, which is considered to be within the natural background level and not indicative of artificial addition [5][7]. - Huang Tian E emphasizes their commitment to natural sourcing and has incurred significant costs for natural plant extracts, asserting that any artificial addition would be economically unfeasible [7][8]. Group 4: Legal Actions and Media Relations - Huang Tian E has sent a legal notice to media outlets regarding the dissemination of misleading information about their eggs, claiming that such reports have caused significant reputational damage and economic loss [10][12]. - The company has raised concerns about the media's lack of scientific rigor and ethical standards in reporting, particularly regarding the misinterpretation of canthaxanthin as solely an artificial additive [14][15][17]. - Huang Tian E has called for accountability from the media for spreading false information and has stated their intention to pursue legal action against those responsible for the misinformation [10][12][16].

Group 1 - The company, China Foods (00506.HK), announced a board meeting scheduled for March 24, 2026, to approve the annual performance for the year ending December 31, 2025, and consider the proposal for the final dividend distribution if deemed appropriate [1]

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。 ( 於百慕達註冊成立之有限公司 ) （股份代號：506） 董事會召開日期 中國食品有限公司（「本公司」）董事會（「董事會」）謹此公佈，將於2026年3月24日 （星期二）舉行董事會會議，藉以（其中包括）通過本公司及其附屬公司截至2025年12月 31日止年度之全年業績及其發佈，以及考慮（如認為合適）派發末期股息之建議。 承董事會命 中國食品有限公司 主席 慶立軍 北京，2026年3月2日 於本公告日期，董事會成員包括：慶立軍先生為董事會主席及非執行董事；展在中先生及唐强先生 為執行董事；陳剛先生及宋亮先生為非執行董事；以及李鴻鈞先生、莫衛斌先生及梁家麗女士（銀 紫荊星章）為獨立非執行董事。 ...

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: 中國食品有限公司 呈交日期: 2026年3月2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) | 00506 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 400,000,000 | 第 1 頁 共 10 頁 v 1.2.0 FF301 FF30 ...