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） 有關資金池資金委託管理協議 的持續關連交易 資金池資金委託管理協議 為了優化財務管理、提高資金使用效率、降低融資成本和風險及更高效利用本集團資 金，本公司與中良財務（香港）於2025年11月10日訂立資金池資金委託管理協議。根據資 金池資金委託管理協議，中良財務（香港）將向本公司提供資金池資金委託管理服務。 上市規則的涵義 於本公告之日，中良財務（香港）為本公司最終控股股東中糧的直接全資附屬公司。因 此，根據上市規則第14A章，中良財務（香港）為本公司關連人士。根據上市規則第14A 章，資金池資金委託管理協議項下擬進行的交易構成本公司的持續關連交易。 根據資金池資金委託管理協議向本集團提供資金池資金委託管理服務亦構成本集團根據 上市規則第14.04(1)(e)條向中良財務（香港）提供財務資助。由於就提供資金池資金委 託管理服務建議每日上限的最高適用百 ...

Core Viewpoint - *ST Mingjia (300506.SZ) has signed a restructuring investment agreement with 11 financial investors, indicating a significant step towards financial recovery and restructuring [1] Group 1 - The company, along with its management and industrial investors, has entered into a restructuring investment agreement with various financial institutions [1] - The involved financial investors include Chongqing International Trust Co., Ltd., Shenzhen Zhaoping Huanze Investment Partnership, and several others, totaling 11 parties [1] - The agreements consist of both a primary restructuring investment agreement and a supplementary agreement, highlighting the complexity and seriousness of the restructuring process [1]

Core Insights - The 138th China Import and Export Fair (Canton Fair) is showcasing high-quality Chinese food and specialty agricultural products, attracting international buyers and generating significant interest in potential collaborations [1][2] Group 1: Market Demand and Trends - There is a notable increase in overseas demand for Chinese food products, with a focus on health, diversity, and customization, leading to the development of low-salt and organic products [3][4] - The demand for snacks is shifting towards low-sugar, environmentally friendly options, and products that promote children's intellectual development [3] Group 2: Product Offerings and Innovations - The Qujiang District is the largest producer of edible mushrooms in Guangdong Province, emphasizing the importance of quality and deep processing to enhance product value [2] - Companies are leveraging international certifications and smart manufacturing systems to ensure quality and streamline production processes [3] Group 3: Export Performance and Future Outlook - The Qujiang District has received over $15 million in orders from countries like Poland and New Zealand during the fair [1] - Despite stable export figures in the first three quarters, companies anticipate a slight increase in exports by year-end due to growing demand in emerging markets [3]

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 | 狀態: 新提交 | | --- | | 截至月份: 2025年10月31日 | 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: 2025年11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) | 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, ...

Core Insights - JD.com is adopting a unique approach in the food delivery market by launching the "Qixian Xiaochu" platform, focusing on quality dining and food safety through 24-hour kitchen live streaming and transparent kitchens [1][6][15] - The innovative model of Qixian Xiaochu is expected to reshape the food delivery industry by shifting the focus from speed and traffic to quality supply chains, promoting a healthier and sustainable ecosystem [1][5] Group 1: Performance and Impact - Since its launch during the JD 11.11 event, Qixian Xiaochu has shown outstanding performance in traffic and sales, significantly boosting orders for nearby quality restaurants by over 12% [4][14] - Qixian Xiaochu has attracted a large number of consumers seeking high-quality takeout, creating a flow-through effect that benefits surrounding restaurants [5][14] Group 2: Food Safety and Quality Assurance - The platform emphasizes food safety by using a well-established supply chain, ensuring that all ingredients are carefully selected and undergo strict quality control [9][10] - The introduction of 24-hour kitchen live streaming allows consumers to see the cooking process, enhancing trust and safety perceptions [6][15] Group 3: Business Model and Collaboration - Qixian Xiaochu employs a "dish partner" model, allowing restaurant brands and individual chefs to focus on recipe development while JD.com handles store operations [10][11] - The platform aims to collaborate with small and medium-sized businesses by providing supply chain and marketing support, helping them compete against "ghost kitchens" [11][14] Group 4: Future Developments - Qixian Xiaochu plans to expand its "transparent kitchen" concept through partnerships with hotels, creating new consumption scenarios and enhancing customer experience [14][15] - The initiative is positioned as a leader in transforming the food delivery industry, aiming to restore consumer trust and prioritize food safety [15]

Core Insights - China Foods has achieved a historic breakthrough in data assetization, successfully completing the accounting entry for its "Vending Machine Sales Performance Analysis Report Data" product, with an entry amount of 1.023 million yuan [1] - The project marks the first complete closed-loop case of "data resources - data products - data assets - data revenue" for China Foods, demonstrating efficient cross-departmental collaboration and rapid digital execution [1][2] - The company emphasizes the importance of not just recording data on the balance sheet but also establishing a sustainable mechanism for data value transformation [1][2] Data Assetization Strategy - Under the guidance of COFCO Group's digital transformation requirements, China Foods has proactively laid out a strategic framework for data assetization, focusing on both monetization and circulation of data [2] - The "Vending Machine Sales Performance Analysis Report Data" product integrates data from 110,000 vending machines, providing reliable support for operational management, product optimization, and sales forecasting [2] Compliance and Efficiency - To ensure compliance and efficiency, multiple departments within China Foods collaborated to establish management guidelines and frameworks for data asset management and protection [3] - The data product not only integrates into internal operations but also possesses external trading attributes, enhancing both internal efficiency and external market insights [3] Market Potential and Future Plans - The "Vending Machine Sales Performance Analysis Report Data" product has already achieved a transaction scale in the millions, with expectations for significant revenue growth during the 14th Five-Year Plan period [4] - China Foods has initiated plans for a second batch of high-value data assets, focusing on supply chain collaboration data and regional consumer profiling, aiming to transform data from a cost center to a profit center [4] Industry Impact - The practices of China Foods exemplify the national initiative of "data elements" in the consumer goods sector, highlighting that true data assetization lies in its ability to drive decision-making, optimize operations, and create incremental revenue [4]

Core Insights - The implementation of China's Food Safety Law has shown positive results, with the overall food safety situation improving steadily, although challenges remain in regulatory responsibilities and the standard system [1][2] Group 1: Implementation and Effectiveness - The National People's Congress (NPC) Standing Committee conducted inspections from May to September, covering various food enterprises and institutions to assess the law's implementation [1] - The report indicates that since the revision of the Food Safety Law, the State Council and local departments have effectively enforced the law, maintaining a high pass rate in food safety evaluations over the past five years [1] Group 2: Standards and Regulations - China has issued a total of 1,693 national food safety standards, covering over 340 food categories and involving 23,000 safety indicators, providing strong technical support for comprehensive regulatory efforts [2] - The report highlights that the development of food safety standards has lagged behind the emergence of new food materials and production processes, indicating limitations in existing standards [2] Group 3: Recommendations for Improvement - The report suggests eight areas for enhancing food safety regulation, including strengthening the regulatory framework, improving the food safety standard system, and enhancing monitoring and enforcement capabilities [2]

China Consumer Sector Staples food monthly: what does September's data tell us? Company tracker: Q325E preview and channel check updates 1) Q325E preview—Haitian: We expect +7%/+13% YoY revenue/recurring NP growth in Q325, progressing with its annual double-digit profit growth target. We think Haitian's solid product category expansion and channel management can help it maintain steady growth and outperform peers amid a challenging industry environment. Jonjee: We expect -11%/-22% YoY revenue/recurring NP g ...

Core Viewpoint - *ST Mingjia (300506.SZ) has received approval from the Guangdong Provincial High Court to continue operations and manage its assets and business affairs under the supervision of a manager [1] Group 1 - The Guangdong Provincial High Court issued a decision on October 20, 2025, allowing the company to continue its operations [1] - The court's decision is documented as (2025) Yue Po No. 1 [1] - The company will manage its assets and business affairs independently while under the supervision of a designated manager [1]

Group 1 - The company announced the resignation of Mr. Cao Gaofeng as a non-executive director and member of the Environmental, Social and Governance (ESG) Committee, effective from October 21, 2025 [1] - Mr. Song Liang has been appointed as a member of the Environmental, Social and Governance (ESG) Committee, effective from October 21, 2025 [1]