（於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：148） 香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告之內容概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，且 表 明 不 會 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 KINGBOARD HOLDINGS LIMITED 建滔集團有限公司 獨立非執行董事辭任及委任 及 董事會各委員會組成變動 董 事 會 宣 佈： 本公告乃由建滔集團有限公司（「本公司」，連 同 其 附 屬 公 司「本集團」）根據香港 聯合交易所有限公司證券上市規則（「上市規則」）第13.51(2)條 作 出。 董事辭任 本公司董事（「董 事」）會（「董事會」）宣佈獨立非執行董事張明敏先生（「張先生」） 已 自 二 零 二 六 年 二 月 二 十 八 日 起 辭 任 董 事 職 務，以 便 彼 能 夠 投 入 更 多 時 間 於 其 他 事 務。張 先 生 於 辭 任 後 不 再 擔 任 董 事 會 提 ...

Group 1 - FMR LLC reduced its stake in Kintor Pharmaceutical (00148.HK) by selling 1.0125 million shares at an average price of HKD 35.8343 per share, amounting to approximately HKD 36.2822 million [1] - Following the sale, FMR LLC's total shareholding decreased to 77.57314 million shares, resulting in a reduction of its ownership percentage from 7.09% to 6.99% [1]

Core Viewpoint - FMR LLC has reduced its stake in Kwan Tong Group (00148) by selling 1.0125 million shares at a price of HKD 35.8343 per share, totaling approximately HKD 36.2822 million, resulting in a new holding of approximately 77.5731 million shares, representing a 6.99% ownership [1] Summary by Category Shareholding Changes - FMR LLC sold 1.0125 million shares of Kwan Tong Group at HKD 35.8343 per share [1] - The total amount from the sale was approximately HKD 36.2822 million [1] - After the sale, FMR LLC's remaining shares in Kwan Tong Group are approximately 77.5731 million, equating to a 6.99% ownership stake [1]

Group 1 - FMR LLC reduced its stake in Kwan Hung Holdings (00148) by 1.0125 million shares at a price of HKD 35.8343 per share, totaling approximately HKD 36.2822 million [1] - After the reduction, FMR LLC's remaining shareholding is approximately 77.5731 million shares, representing a holding percentage of 6.99% [1]

Core Viewpoint - The company, Kwan Hung Holdings (00148.HK), has announced that its board meeting will take place on March 16, 2026, to approve the annual results for the year ending December 31, 2025, and to consider the proposal for the final dividend payment [1]. Group 1 - The board meeting is scheduled for March 16, 2026 [1] - The meeting will include the approval of the annual results for the fiscal year ending December 31, 2025 [1] - The board will also consider a proposal for the final dividend payment [1]

KINGBOARD HOLDINGS LIMITED 建滔集團有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：148） 董事會會議日期 建滔集團有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於 二 零 二 六 年 三 月 十 六 日 舉 行，藉 以（其 中 包 括）通過公佈截至二零二五年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績，並 考 慮 派 付 末 期 股 息 之 建 議。 董事會 香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，且 表 明 不 會 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 於 本 公 佈 日 期，本 公 司 董 事 會 包 括 以 下 董 事： 香 港，二 零 二 六 年 二 月 二 十 四 日 何建芬 執 行 董 事： 獨 立 非 執 行 董 事： 張國榮 （主 席） 張明敏 鄭永 ...

Group 1 - The core viewpoint of the article is that Citigroup has released a report indicating that Kintor Group (00148) has issued a positive profit forecast for 2025, expecting a net profit increase of over 165% to exceed 4.32 billion HKD, slightly outperforming expectations [1] - Citigroup has raised its core profit forecasts for Kintor Group for 2025, 2026, and 2027 by 1%, 5%, and 4% respectively, and has adjusted the target price from 36 HKD to 45 HKD, which corresponds to a projected price-to-earnings ratio of about 12 times for 2026, higher than the average by 2 standard deviations [1] - The report highlights that the positive profit forecast is primarily driven by investment income, with an estimated 1.35 billion HKD generated from investments in major blue-chip stocks listed on the Hong Kong Stock Exchange [1] Group 2 - Citigroup prefers Kintor Laminates (01888) over Kintor Group, as the profit increase for Kintor Group is mainly attributed to investment gains, while the company believes that the copper-clad laminate business will continue to perform strongly this year [1] - The estimated net profit for Kintor Group is expected to exceed 4.32 billion HKD, with a significant acceleration in core profit growth projected for the second half of 2025 at 11.9% year-on-year, compared to 4% in the first half of 2025 [1] - The stronger recovery in profit margins for the copper-clad laminate business is expected to offset some pressures on the chemical business margins due to weak macroeconomic conditions and oil prices in China [1]

Core Viewpoint - Citigroup's report indicates that Kintor Group (00148) has issued a positive profit forecast for 2025, expecting a net profit increase of over 165% to exceed 4.32 billion HKD, slightly outperforming expectations [1] Financial Projections - Citigroup has raised its core earnings forecasts for Kintor Group for 2025, 2026, and 2027 by 1%, 5%, and 4% respectively [1] - The target price for Kintor Group has been increased from 36 HKD to 45 HKD, which corresponds to a projected price-to-earnings ratio of approximately 12 times for 2026, up from about 10 times, and is 2 standard deviations above the average [1] Business Performance - The positive profit forecast is primarily driven by investment income, with an estimated 1.35 billion HKD generated from investments in major blue-chip stocks listed on the Hong Kong Stock Exchange [1] - Despite the overall positive outlook, the core profit growth for the second half of 2025 is expected to accelerate to 11.9% year-on-year, compared to 4% in the first half of 2025, mainly due to a stronger recovery in the profit margins of the copper-clad laminate business [1] - The performance of the chemical industry is expected to be pressured by weak macroeconomic conditions in China and low oil prices, which may offset some of the gains in profit margins [1] Comparative Analysis - Citigroup expresses a preference for Kintor Laminates (01888) over Kintor Group, as the profit increase for Kintor Group is mainly driven by investment income rather than operational performance [1]

Group 1 - The core viewpoint of the news is that the Jian Tao Group has recently issued a profit warning, leading to a rise in its stock prices [1] - Jian Tao Laminated Board (01888) has seen an increase of 11.09%, reaching HKD 22.64 [1] - Jian Tao Group (00148) has experienced a rise of 4.56%, trading at HKD 38.50 [1]

Group 1 - The core viewpoint of the report is that Kintor Group has issued a positive profit forecast for 2025, expecting a net profit increase of over 165% year-on-year to exceed HKD 4.32 billion, slightly outperforming expectations [1] - Citi has raised its core profit forecasts for Kintor Group for 2025, 2026, and 2027 by 1%, 5%, and 4% respectively, and has increased the target price from HKD 36 to HKD 45, which corresponds to a projected price-to-earnings ratio of about 12 times for 2026, up from the previous 10 times [1] - The report indicates that both copper-clad laminates and printed circuit boards are in an industry upcycle, and Citi believes the valuation of Kintor Group is reasonable, maintaining a "Buy" rating [1] Group 2 - Despite the positive outlook for Kintor Group, Citi prefers Kintor Laminates, as the profit increase for Kintor Group is primarily driven by investment income, while the copper-clad laminate business is expected to continue performing strongly this year [1]