Group 1 - The core point of the article is the announcement regarding the change in authorized representatives of Huabao International [1] - The current executive director, vice chairman, and president, Mr. Xia Liqun, will no longer serve as one of the authorized representatives under the Hong Kong Stock Exchange Listing Rules, effective from August 29, 2025 [1] - Ms. Cai Wenxia has been appointed as the new authorized representative, effective immediately [1]

董事會進一步宣佈，執行董事蔡文霞女士已獲委任為授權代表，並即時生效。授權代表是 香港聯合交易所有限公司與本公司之間就一般上市事宜進行溝通的主要渠道。 承董事會命 華寶國際控股有限公司 執行董事 潘昭國 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，並明確表示概不就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。 HUABAO INTERNATIONAL HOLDINGS LIMITED 華 寶 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 授權代表之變更 華寶國際控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司之執行董 事、副主席兼總裁夏利群先生將不再擔任香港聯合交易所有限公司證券上市規則第3.05條 項下本公司之其中一位授權代表（「授權代表」），自2025年8月29日起生效。 香港，2025年8月29日 於本公告日期，董事會由六名執行董事包括朱林瑤女士、林嘉宇先生、夏利群先生、潘昭國先生、林嘉炘女士及蔡 文霞女士；以及三名獨立非執行董事包括李祿兆先生、 ...

Group 1 - The core point of the article is that Huabao International (00336.HK) has announced an investment in financial products from Jiangsu Bank Group, with a total investment amounting to RMB 892 million as of the announcement date [1] Group 2 - The investment in financial products is set to mature on August 28, 2025 [1] - The total amount invested in these financial products has not yet reached maturity [1]

Core Viewpoint - Huabao International (00336) has announced an investment of RMB 892 million in financial products from Jiangsu Bank (600919), with the investment still outstanding as of the announcement date [1] Group 1 - The total investment amount in financial products from Jiangsu Bank is RMB 892 million [1] - All other financial products subscribed to Jiangsu Bank have been fully redeemed according to their respective terms [1] - The company believes that the subscribed financial products have generated reasonable interest and will not adversely affect its financial position [1]

Core Viewpoint - Huabao International (00336) has announced an investment of RMB 892 million in financial products from Jiangsu Bank Group, which remains outstanding as of the announcement date [1] Group 1 - As of the announcement date, the total investment amount in financial products from Jiangsu Bank Group that remains outstanding is RMB 892 million [1] - The board has confirmed that all other financial products subscribed to Jiangsu Bank Group have been fully redeemed according to their respective terms [1] - The group believes that the subscriptions to these financial products have yielded reasonable interest and will not adversely affect the group's financial condition [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，並明確表示概不就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。 董事會謹此公佈，於2025年8月28日（交易時間後），本集團成員公司已向江蘇銀行集團 認購金融產品。截至本公告日期，本集團成員公司向江蘇銀行集團認購的該等金融產品 仍未到期合計投資總額為人民幣892,000,000元。 於本公告日期，董事確認（i）除該等金融產品仍未到期外，其餘的所有向江蘇銀行集團 認購的金融產品均已按照各自的條款悉數贖回；（ii）本集團相信認購該等金融產品各自 均獲得合理利息；及（iii）認購該等金融產品將不會對本集團的財務狀況造成任何不利影 響。 上市規則的涵義 在認購第五項金融產品之前，由於根據上市規則第14.07條就首項金融產品、第二項金融 產品、第三項金融產品及第四項金融產品，不論是單獨計算或合併計算的所有適用百分 比率低於5%，根據上市規則第14章，認購首項金融產品、第二項金融產品、第三項金融 產品及第四項金融產品並不構成須予公佈交易。 HUABAO INTERNATIONAL ...

Investment Rating - The investment rating for Huabao International is "Buy" (maintained) [5][9] Core Views - The company has launched an equity incentive plan to strengthen confidence and is looking forward to opportunities in the HNB supply chain [1] - The company reported a revenue of 1.621 billion yuan for the first half of 2025, with a year-on-year growth of 2.5%, and a significant increase in net profit attributable to shareholders by 298% [1][5] - The company aims to accelerate international development and expand overseas markets, with potential merger and acquisition opportunities [4] Summary by Sections Equity Incentive Plan and H1 2025 Performance - The equity incentive plan includes 148 million stock options, accounting for 4.6% of the current total share capital, with an exercise price of HK$3.95 per share [1] - The performance for H1 2025 shows a revenue of 1.621 billion yuan, a gross margin of 43.4%, and a net profit attributable to shareholders of 118 million yuan [1] Downstream Demand - Tobacco production in H1 2025 reached 27.51 million boxes, showing a year-on-year increase of 0.8% [2] - The food and beverage sector saw a year-on-year increase in added value of 7.5% for agricultural and sideline food processing, and 6.3% for food manufacturing [2] Business Segmentation - Revenue from flavor and food ingredients was 596 million yuan, down 8.6%, while revenue from tobacco raw materials increased by 45.3% to 238 million yuan [3] - The company has completed the construction of a new tobacco leaf production base in Indonesia, with an annual capacity of 3,000 tons [3] Outlook for H2 2025 - The company plans to continue accelerating its international development and enhance supply chain management, with cash and financial assets totaling 6 billion yuan as of H1 2025 [4] Financial Forecast - Revenue projections for 2025-2027 are 3.598 billion yuan, 4.075 billion yuan, and 4.670 billion yuan, with year-on-year growth rates of 6.66%, 13.26%, and 14.60% respectively [5][10]

Core Viewpoint - Huabao International (00336) experienced a significant stock price increase of over 15%, attributed to strong financial performance in the first half of the year, with notable growth in revenue and profit [1] Financial Performance - The company reported a revenue of 1.621 billion RMB for the first half of the year, representing a year-on-year increase of 2.5% [1] - Net profit attributable to equity holders reached 118 million RMB, showing a substantial year-on-year growth of 298.1% [1] - Basic earnings per share were reported at 3.66 cents, with an interim dividend of 1.2 HK cents and a special dividend of 3.2 HK cents proposed [1] Business Segments - The increase in revenue was primarily driven by rapid growth in the overseas business of tobacco flavoring materials, with the revenue from the tobacco raw materials segment increasing by 45.3% to 238 million RMB [1] - The flavoring materials segment also saw a revenue increase of 7.6% to 405 million RMB, supported by gradual capacity release and the acquisition of new customers [1] Industry Insights - Huabao International is recognized as a leading player in the domestic tobacco flavoring market [1] - According to Guosheng Securities, heated non-burning (HNB) tobacco requires significantly more flavoring agents compared to traditional tobacco, with the amount needed being 6-10 times greater for the same quality of tobacco [1] - Despite the shorter length of HNB tobacco sticks, the overall flavoring requirement per stick is still 3-5 times that of traditional tobacco [1]

Group 1 - The core business of Huabao International includes the research, production, sales, and service of flavors, fragrance raw materials, tobacco raw materials, and new tobacco products, as well as financial investment services [1] - As of August 26, Huabao International's stock price increased by 10.13%, reaching 4.35 HKD per share with a trading volume of 85.87 million HKD [1] - The company emphasizes consumer demand and technological innovation, adhering to a "diversified development" strategy, and has evolved into a modern, international multinational enterprise group [1] Group 2 - As of the mid-year report in 2025, Huabao International reported total operating revenue of 1.621 billion CNY and a net profit of 118 million CNY [2]

格隆汇8月25日丨华宝国际(00336.HK)公告，2025年8月25日，公司根据2024年购股权计划提出向若干合 资格参与者授出1.48亿份购股权，授出购股权行使价每股普通股3.95港元。 ...