Core Viewpoint - Maple Leaf Foods reaffirms its commitment to diversity on its Board of Directors, aiming to maintain at least 30% representation of women, despite a temporary drop to 27% [1][2]. Group 1: Board Diversity Commitment - The Company has historically maintained a minimum of 30% women on its Board of Directors [1]. - Currently, the representation of women on the Board is at 27%, but the Company is committed to adding another woman director by or before the 2026 annual meeting of shareholders [1]. Group 2: Company Overview - Maple Leaf Foods is a leading protein company that produces food products under various brands, including Maple Leaf®, Schneiders®, and LightLife® [3]. - The Company employs approximately 13,500 people and operates primarily in Canada, the U.S., and Asia [3]. - Maple Leaf Foods is headquartered in Mississauga, Ontario, and its shares are traded on the Toronto Stock Exchange under the ticker MFI [3].

Core Viewpoint - Maple Leaf Foods is advancing its strategic Blueprint through the spin-off of its pork operations to form Canada Packers Inc., which will become an independent public company focused on premium quality pork products and sustainable protein [2][3] Transaction Details - The company has secured an interim court order for a shareholder meeting scheduled for June 11, 2025, to approve the spin-off transaction [1] - Pre-transaction agreements have been established, including an arrangement agreement and a tax matters agreement, to facilitate the transaction [5][6] Benefits of the Transaction - The spin-off is expected to enhance strategic focus, allowing Canada Packers Inc. to optimize its operations and pursue opportunities in global markets [2][3] - The transaction aims to unlock shareholder value by providing distinct investment propositions for both Maple Leaf Foods and Canada Packers Inc. [3] - Shareholders will have more focused investment opportunities, retaining similar economic exposure through two independent companies [3][4] Management and Structure - A senior management team for Canada Packers Inc. has been announced, bringing industry expertise to lead the new company [9] - The transaction will be structured as a tax-free "butterfly reorganization" under Canadian law [5] Conditions for Completion - Completion of the transaction is subject to shareholder approval, TSX approval, final court approval, and an advance income tax ruling from the Canada Revenue Agency [8]

Core Insights - mF International Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC on April 23, 2025 [1] Financial Performance - The Company reported revenue of HK$26.1 million and gross profit of HK$12.3 million for fiscal year 2024 [2] - mF International ended the year with a cash position of HK$22.0 million as of December 31, 2024, compared to HK$6.8 million as of December 31, 2023 [2] Business Developments - In April 2024, the Company completed its initial public offering, raising net proceeds of approximately US$5.7 million [3] - In January 2025, m-FINANCE Limited received the Good MPF Employer Award 2023-24, recognizing its commitment to employee retirement security [4] - In February 2025, m-FINANCE launched the upgraded mobile trading application "Trader Pro," which offers extensive customization for brokers [5] - In March 2025, m-FINANCE formed a strategic partnership with CBCX Markets Limited to enhance its liquidity network [6] - In April 2025, m-FINANCE launched "AI-Commentary," an advanced analytical suite integrated into its mF4 Trading Platform [7] Strategic Vision - The Company aims to expand its market share in Asia through strategic investments in marketing and business development initiatives [8] - The focus on product innovation and strategic partnerships is intended to enhance product offerings and market reach [8]

Revenue Performance - Revenue decreased by HK$2,970,650 or 8.5% from HK$34,931,827 in 2022 to HK$31,961,177 in 2023, primarily due to declines in liquidity services and quotes/news/package subscription services [281]. - Revenue from initial set up, installation, and customization services increased by HK$1,833,003 or 25.7%, from HK$7,140,076 in 2022 to HK$8,973,079 in 2023 [282]. - Revenue from liquidity services decreased by HK$4,073,070 or 60.8%, from HK$6,699,586 in 2022 to HK$2,626,516 in 2023 [284]. - Revenue from white label services increased by HK$233,010 or 12.3%, from HK$1,889,188 in 2022 to HK$2,122,198 in 2023 [285]. - Revenue decreased by HK$5,875,859, or 18.4%, from HK$31,961,177 in 2023 to HK$26,085,318 in 2024, mainly due to declines in initial setup and customization services [311]. - Revenue from initial setup, installation, and customization services plummeted by HK$6,272,880, or 69.9%, from HK$8,973,079 in 2023 to HK$2,700,199 in 2024 [313]. - Liquidity service revenue dropped by HK$723,621, or 27.6%, from HK$2,626,516 in 2023 to HK$1,902,895 in 2024 [314]. - Hosting, support, and maintenance services revenue increased by HK$555,575, or 12.8%, from HK$4,338,184 in 2023 to HK$4,893,759 in 2024 [317]. - White label service revenue rose by HK$896,363, or 42.2%, from HK$2,122,198 in 2023 to HK$3,018,561 in 2024 [318]. Operating Expenses - Operating expenses increased by HK$406,637 or 3.7%, from HK$10,876,654 in 2022 to HK$11,283,291 in 2023 [280]. - Total operating expenses surged by HK$20,390,139 or 180.7%, from HK$11,283,291 in 2023 to HK$31,673,430 in 2024, driven by significant increases in selling and marketing expenses (2,498.4%) and general and administrative expenses (145.9%) [327]. - General and administrative expenses rose by HK$476,091 or 4.5% from HK$10,634,851 in 2022 to HK$11,110,942 in 2023, largely due to initial public offering expenses [299]. - Employee-related costs increased by HK$936,941 or 15.0%, from HK$6,253,858 in 2023 to HK$7,190,799 in 2024 due to bonuses and salary increases [321]. Net Income and Profitability - Net income decreased by HK$189,718 or 2.8%, from HK$6,818,599 in 2022 to HK$6,628,881 in 2023 [280]. - Total gross profit decreased by HK$453,618 or 2.5% from HK$18,419,125 in 2022 to HK$17,965,507 in 2023, while the gross profit margin increased from 52.7% to 56.2% [296]. - Total gross profit decreased by HK$5,663,313 or 31.5%, from HK$17,965,507 in 2023 to HK$12,302,194 in 2024, with gross profit margin falling from 56.2% to 47.2% [326]. - Net income turned into a net loss of HK$20,210,992 for the year ended December 31, 2024, compared to a net income of HK$6,628,881 in 2023 [340]. Cash Flow and Financing - Cash and restricted cash increased to HK$21,999,787 (US$2,832,213) as of December 31, 2024, from HK$6,810,418 in 2023, following the IPO proceeds of HK$44,376,168 (US$5,689,251) [343]. - The company generated positive working capital of HK$16,962,651 (US$2,183,741) in 2024, compared to negative working capital of HK$2,077,323 in 2023 [343]. - For the year ended December 31, 2024, the net cash used in operating activities was HK$21,877,518, primarily due to a net loss of HK$20,210,992 [353]. - The company experienced a net cash inflow from financing activities of HK$45,493,432 for the year ended December 31, 2024, mainly from IPO proceeds of HK$58,500,012 [359]. - The net cash used in investing activities for the year ended December 31, 2024, was HK$8,430,509, which included HK$7,967,033 for product and software development [356]. Research and Development - Research and development expenses decreased significantly by HK$68,639 or 85.8% from HK$80,012 in 2022 to HK$11,373 in 2023, with expectations for future increases in R&D spending [298]. - The company expects an increase in expenditures for research and development as it expands software development capacity to improve and develop new functions [298]. - Research and development expenses rose by HK$161,437 or 1,419.5%, from HK$11,373 in 2023 to HK$172,810 in 2024, reflecting an expansion in software development capacity [328]. - The company capitalized research and development costs of HK$7,967,033 in 2024, reflecting a growth from HK$5,993,675 in 2022 and HK$7,270,898 in 2023 [373]. Taxation - Total income tax expense decreased by HK$239,536, or 61.8%, from HK$387,845 in 2022 to HK$148,309 in 2023, primarily due to a decrease in income before taxes [308]. - The company reported a total income tax expense of HK$781,759 for 2024, an increase of HK$633,450 or 427.1% from HK$148,309 in 2023, primarily due to tax depreciation [339]. Governance and Shareholding - The company’s biggest shareholder, Gaderway Investments Limited, owns approximately 97.73% of the aggregate voting power of the outstanding Ordinary Shares, classifying it as a "controlled company" under NASDAQ standards [385]. - The board of directors consists of five members, with one female director and four male directors [382]. - The company has established three committees under the board of directors: an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee [394]. - The Audit Committee is responsible for overseeing the accounting and financial reporting processes, including reviewing annual audited financial statements with management and independent auditors [395]. - The Compensation Committee reviews and approves the total compensation package for senior executive officers and oversees long-term incentive compensation plans [398]. - The company has adopted a compensation recovery policy to recover erroneously-awarded incentive compensation as required by the Dodd-Frank Act [402]. - The beneficial ownership of Class A Ordinary Shares is based on 4,204,775 shares outstanding, while Class B Ordinary Shares total 9,046,892 shares outstanding [415]. - Directors and executive officers collectively hold 9,046,892 Class B shares, representing 100% of Class B voting power and 97.73% of total voting power [418]. - Gaderway Investments Limited is the only 5% shareholder, holding 9,046,892 Class B shares, which also accounts for 100% of Class B voting power and 97.73% of total voting power [418]. - Tai Wai (Stephen) Lam owns 5,567,457 Class B shares, representing 61.54% of Class B voting power and 60.14% of total voting power [418]. - Chi Weng Tam owns 3,479,435 Class B shares, representing 38.46% of Class B voting power and 37.59% of total voting power [418].

Core Viewpoint - Maple Leaf Foods Inc. is set to release its first quarter 2025 financial results on May 8, 2025, at 6:00 am ET, followed by a conference call at 8:00 am ET [1][2]. Group 1: Financial Results Announcement - The financial results for Q1 2025 will be disclosed on May 8, 2025, at 6:00 am ET [1]. - A conference call and webcast will follow the results announcement, starting at 8:00 am ET [1][2]. Group 2: Conference Call Details - The conference call will feature key executives including Curtis Frank (President and CEO), David Smales (CFO), and Dennis Organ (President, Pork Complex and incoming CEO of Canada Packers) [2]. - Participants can join the call by dialing 416-945-7677 or 1-888-699-1199, and playback will be available an hour after the event [2]. Group 3: Company Overview - Maple Leaf Foods is a leading protein company with a workforce of approximately 13,500 employees, primarily operating in Canada, the U.S., and Asia [4]. - The company produces food products under several well-known brands, including Maple Leaf®, Schneiders®, and LightLife® [4].

Core Insights - m-FINANCE Limited has launched "AI-Commentary," an advanced analytical suite integrated into its mF4 Trading Platform, aimed at enhancing brokers' operational efficiency and client engagement [1][5] - The AI-Commentary system aggregates real-time market data and translates complex information into clear insights, providing brokers with a scalable solution to better serve their clients [2][3] Company Overview - m-FINANCE is a wholly owned subsidiary of mF International Limited, providing forex and bullion trading solutions in Asia with approximately 20 years of experience [6] - The company operates primarily in Hong Kong and serves clients across mainland China, Hong Kong, and Southeast Asia, offering a range of financial trading solutions [6] Product Features - AI-Commentary leverages DeepSeek AI's large language models to automate analytical tasks, allowing brokers to focus on strategic client interactions [3][5] - The solution is available in "Basic" and "Advanced" tiers, supports multiple languages, and ensures robust security and regulatory compliance [3] Future Developments - m-FINANCE is also developing an AI Agent project to analyze traders' risk appetites and trading styles, which will recommend optimal signals and automate trade execution [4][5] - These advancements reflect the company's commitment to innovation in forex and bullion trading solutions [5]

Core Insights - m-FINANCE Limited has announced a strategic partnership with CBCX Markets Limited to enhance its liquidity network and provide better trading conditions for brokerage clients [1][4] - The collaboration aims to deliver advanced liquidity solutions, allowing brokers to access tighter spreads and deeper liquidity, which will improve execution efficiency and reduce costs for end clients [2][4] Group 1: Partnership Details - The partnership is designed to provide brokers with institutional-level trading experiences, leveraging CBCX's liquidity and m-FINANCE's advanced trading technology [4] - m-FINANCE expects that the integration of CBCX's liquidity solutions will enable rapid execution with minimal latency, enhancing the trading experience for brokers [3][4] Group 2: Executive Insights - Mr. Chi Weng (Dick) Tam, CEO of m-FINANCE, emphasized the importance of market-leading liquidity in driving execution speed and pricing efficiency, highlighting CBCX's strong reputation in the industry [5] - Bilaal Adam, a Director of CBCX, reiterated the commitment to providing deep liquidity and customized solutions, aiming to create a dynamic trading environment through this partnership [5] Group 3: Company Background - mF International Limited, the parent company of m-FINANCE, operates in Hong Kong and has approximately 20 years of experience in providing financial trading solutions, including forex and bullion trading platforms [6] - m-FINANCE offers a range of services such as the mF4 Trading Platform, liquidity solutions, and value-added services for brokers and institutional clients across Asia [6]

Core Insights - Maple Leaf Foods Inc. will participate in the 28th Annual CIBC Retail and Consumer Conference on March 26, 2025 [1] - The Fireside Chat will feature CEO Curtis Frank and President Dennis Organ, moderated by CIBC analyst Mark Petrie [2] - An audiocast of the Fireside Chat will be available for access during the event [2] Company Overview - Maple Leaf Foods is a leading protein company with a diverse range of brands including Maple Leaf®, Schneiders®, and LightLife® [4] - The company employs approximately 13,500 people and operates primarily in Canada, the U.S., and Asia [4] - Maple Leaf Foods is headquartered in Mississauga, Ontario, and its shares are traded on the Toronto Stock Exchange under the ticker MFI [4]

Core Insights - The upgraded Trader Pro mobile trading application enhances customization and integration for brokers, allowing them to better engage users and grow their platforms [1][4] Group 1: Product Features - Trader Pro is designed for bullion and forex brokers, enabling quick customization and branding with unique logos and color schemes, which is expected to accelerate business growth [2] - The app includes an advanced content management system for real-time financial analyses, trading guides, and market updates, along with in-app ad spaces for targeted marketing [3] - It features a modular design for functional flexibility, integrated tools for market trend tracking, and support for 15 languages, creating a comprehensive ecosystem for brokers [3] Group 2: Company Overview - mF International Limited is a British Virgin Islands holding company with subsidiaries in Hong Kong, primarily engaged in providing financial trading solutions via SaaS [5] - The principal subsidiary, m-FINANCE, has approximately 20 years of experience in delivering real-time forex and commodities trading platform solutions and other value-added services [5]

Core Viewpoint - mF International Limited has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share, following an initial compliance period that expired on January 28, 2025 [1][3]. Group 1: Compliance Status - The company was notified by Nasdaq on August 1, 2024, that its ordinary shares had been trading below the $1.00 bid price for 30 consecutive business days, leading to a compliance period until January 28, 2025 [2]. - As of the current date, the company has not regained compliance with the bid price requirement and has been granted an additional 180 days, extending the deadline to July 28, 2025 [3]. Group 2: Compliance Requirements - To regain compliance, the company's Class A ordinary shares must close at or above $1.00 for at least 10 consecutive business days [3]. - If compliance is not achieved by the new deadline, Nasdaq will notify the company that its securities will be delisted [3]. Group 3: Company Operations - The company plans to monitor its share price and is considering options to regain compliance, asserting that the extension does not impact its business operations or reporting obligations [4]. - mF International Limited operates through its principal subsidiary, m-FINANCE Limited, which provides financial trading solutions and has approximately 20 years of experience in the industry [5].