Financial Performance - Total revenue for the year ended December 31, 2025, was RMB 79,068,022 thousand, a decrease of 2.0% compared to RMB 80,650,914 thousand in 2024[2] - Net profit for the year was RMB 5,175,852 thousand, representing a 19.8% increase from RMB 4,322,135 thousand in 2024[2] - Adjusted net profit attributable to shareholders was RMB 4,245,156 thousand, up 14.1% from RMB 3,720,427 thousand in 2024[2] - EBITDA for the year was RMB 10,606,522 thousand, reflecting a growth of 10.2% compared to RMB 9,627,802 thousand in 2024[2] - Total revenue for 2025 reached RMB 78,987,713 thousand, a slight decrease from RMB 80,582,017 thousand in 2024, representing a decline of approximately 1.97%[20] - The company's net profit for 2025 was RMB 5,175,852 thousand, an increase from RMB 4,322,135 thousand in 2024, marking a growth of approximately 19.7%[21] - The company reported a pre-tax profit of RMB 6,965,916 thousand for 2025, compared to RMB 6,059,654 thousand in 2024, an increase of about 14.9%[21] Revenue Breakdown - Revenue from instant noodles was RMB 28,278,066 thousand in 2025, compared to RMB 28,306,049 thousand in 2024, indicating a marginal decrease of 0.1%[20] - Beverage segment revenue was RMB 50,098,397 thousand in 2025, down from RMB 51,615,930 thousand in 2024, reflecting a decrease of about 2.93%[20] - The instant noodle business generated revenue of RMB 28,421.36 million in 2025, accounting for 35.9% of total revenue, with a gross margin increase to 29.7%[38] - The beverage segment's total revenue for 2025 is projected to be RMB 50.123 billion, accounting for 63.4% of the group's total revenue[42] Profitability Metrics - Gross profit margin increased to 34.8%, up by 1.7 percentage points from 33.1% in 2024[2] - The gross profit margin improved by 1.7 percentage points to 34.8% in 2025, driven by favorable raw material prices and product mix optimization[37] - The gross profit margin for the beverage segment increased by 2.2 percentage points year-on-year to 37.5% due to favorable raw material prices and product mix optimization[42] Cash and Liquidity - Cash and cash equivalents, including long-term deposits, amounted to RMB 19,486,056 thousand, an increase of RMB 3,483,388 thousand from the previous year[2] - The net debt to equity ratio stood at -29.8%, indicating a strong liquidity position[2] - The group's cash inflow from operating activities for the year is RMB 8.202 billion, while cash outflow from investing activities is RMB 5.309 billion[48] - As of December 31, 2025, the group's cash and bank deposits increased by RMB 3.483 billion to RMB 19.486 billion compared to the previous year[49] Assets and Liabilities - Total assets minus current liabilities for 2025 amounted to RMB 25,582,191 thousand, up from RMB 20,725,630 thousand in 2024, showing an increase of about 23.5%[11] - Total assets for 2025 reached RMB 54,939,771 thousand, an increase from RMB 53,148,855 thousand in 2024, reflecting a growth of approximately 3.4%[22][23] - Total liabilities for 2025 were RMB 36,440,563 thousand, compared to RMB 35,533,504 thousand in 2024, indicating a rise of about 2.55%[11] - The company's total equity increased to RMB 18,499,208 thousand in 2025 from RMB 17,615,351 thousand in 2024, reflecting a growth of approximately 5.01%[11] Capital Expenditures and Investments - Capital expenditures for 2025 were RMB 3,088,096 thousand, a decrease from RMB 3,626,035 thousand in 2024, indicating a reduction of approximately 14.8%[23][24] - Capital expenditure commitments for property, machinery, and equipment amounted to RMB 743.629 million, down from RMB 1,044.846 million in 2024[34] Corporate Governance and Leadership - A significant organizational change occurred with a smooth transition of the CEO position, ensuring continuity in leadership[5] - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules, with a commitment to enhancing accountability and transparency to increase long-term shareholder returns[61] - The audit committee, consisting of three independent non-executive directors, recently reviewed the group's performance for the fiscal year 2025[66] Employee and Talent Management - The group has a total of 60,720 employees as of December 31, 2025[51] - The "活水计划" has supported multiple employees in internal transitions, enhancing talent retention and satisfaction[51] - The integration of AI in the recruitment system has improved talent selection and process efficiency[53] Sustainability and Innovation - The group has implemented energy-saving and emission-reduction measures in core factories, expanding photovoltaic deployment and green electricity procurement[55] - The digital transformation initiatives have led to real-time monitoring and management of equipment status and energy data[57] - The group has received multiple awards for its sustainable development practices, including recognition from the United Nations Global Compact and Forbes China ESG Top 50[59] Future Outlook - The company anticipates a moderately loose policy environment in 2026, focusing on high-quality development in the food and beverage industry, with products that combine functionality, emotional value, and green concepts leading industry growth[60] - The company aims to strengthen its core business and advance to a new stage of higher quality development, focusing on product innovation to meet national health needs[60] Dividends and Shareholder Information - The company plans to distribute a final dividend of RMB 0.3992 per share for 2025, an increase from RMB 0.3314 per share in 2024, totaling RMB 4,500.698 million for both ordinary and special dividends[31] - The proposed dividends are subject to approval at the annual general meeting scheduled for June 8, 2026[76] - The company will suspend the registration of share transfers from June 3 to June 8, 2026, to determine the list of shareholders entitled to attend the annual general meeting[77]

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 容而引致之任何損失承擔任何責任。 TINGYI (CAYMAN ISLANDS) HOLDING CORP. 康師傅控股有限公司* 康師傅控股有限公司「（本公司」）之董事會「（董事會」）宣佈，本公司將於2026年3月 23日（星期一）舉行董事會會議，藉以（其中包括）批准刊發本公司及其附屬公司截至 2025年12月31日止之全年度業績公告，以及考慮派發末期股息（如適用）。 承董事會命 康師傅控股有限公司 公司秘書 葉沛森 香港，2026年3月9日 於本公告日期，本公司之執行董事為魏宏名先生、井田純一郎先生、魏宏丞先生、筱原幸治先生、 高橋勇幸先生及曾倩女士；本公司之獨立非執行董事為徐信群先生、栃尾雅也先生及文暮良先生。 * 僅供識別 （於開曼群島註冊成立之有限公司） （股份編號：0322） 董事會召開日期 網址： http://www.masterkong.com.cn http://www.irasia.com/listco/hk/ti ...

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 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 康師傅控股有限公司 呈交日期: 2026年3月4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) | 00322 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,000,000,000 | USD | | 0.005 USD | | 35,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 7,000,000,000 | USD | | 0.005 USD | | 35,000,000 | 本月底法定/註冊股本總額： USD 35,00 ...

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。 TINGYI (CAYMAN ISLANDS) HOLDINGCORP. 康 師 傅 控 股 有 限 公 司 * 葉沛森 香港，2026年3月2日 於本公告日期，本公司之執行董事為魏宏名先生、井田純一郎先生、魏宏丞先生、筱 原幸治先生、高橋勇幸先生及曾倩女士；本公司之獨立非執行董事為徐信群先生、栃尾雅也 先生及文暮良先生。 （在開曼群島註冊成立之有限公司） （股份編號：0322） 海外監管公告 本公告是由康師傅控股有限公司 (「本公司」) 根據香港聯交所有限公司證券上市規則第 13.10B條而作出。 以下附件是本公司依臺灣證券交易所股份有限公司規定於2026年3月2日在臺灣證券交易 所股份有限公司刊發的公告。 承董事會命 康師傅控股有限公司 公司秘書 1. 金融監督管理委員會證期局核准發行日期及文號： 中華民國 98 年 11 月 30 日金管證發字第 0980063536 號函 2. 臺灣存託憑證原核 ...

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 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 康師傅控股有限公司 呈交日期: 2026年2月4日 | 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) | 00322 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,000,000,000 | USD | | 0.005 USD | | 35,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 7,000,000,000 | USD | | 0.005 USD | | 35,000,000 | 本月底法定/註冊股本總額： USD 35,000,000 FF301 第 ...

康 師 傅 控 股 有 限 公 司 * （在開曼群島註冊成立之有限公司） （股份編號：0322） 海外監管公告 本公告是由康師傅控股有限公司 (「本公司」) 根據香港聯交所有限公司證券上市規則第 13.10B條而作出。 以下附件是本公司依臺灣證券交易所股份有限公司規定於2026年2月2日在臺灣證券交易 所股份有限公司刊發的公告。 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。 TINGYI (CAYMAN ISLANDS) HOLDINGCORP. 承董事會命 康師傅控股有限公司 公司秘書 葉沛森 香港，2026年2月2日 於本公告日期，本公司之執行董事為魏宏名先生、井田純一郎先生、魏宏丞先生、筱 原幸治先生、高橋勇幸先生及曾倩女士；本公司之獨立非執行董事為徐信群先生、栃尾雅也 先生及文暮良先生。 網址: http://www.masterkong.com.cnhttp:/ /www.irasia.com/listco/hk/tingyi *僅供識別 ...

Group 1 - Goldman Sachs is optimistic about Master Kong (00322) focusing on instant noodle business, expecting market share and operational efficiency to improve this year [1] - The company has raised its profit forecast for 2025 to 2027 by 5% to 8%, anticipating an expansion in operating profit margin for the instant noodle business due to easing cost pressures, product price increases, and cost savings [1] - The target price for Master Kong has been increased from HKD 12.7 to HKD 13.7, maintaining a "Buy" rating [1] Group 2 - For its peer, Uni-President China (00220), Goldman Sachs has lowered its revenue forecast for 2025 to 2027 by 1% to 4%, reflecting the impact of intensified market competition on the beverage business [1] - The profit forecast for Uni-President has been reduced by 5% to 10%, with an estimated sales growth of approximately 3.5% this year supported by instant noodle and OEM businesses, and a profit growth of 1% [1] - Consequently, the target price for Uni-President has been decreased from HKD 9 to HKD 8.2, maintaining a "Neutral" rating [1]

Group 1 - Goldman Sachs is optimistic about Master Kong (00322) focusing on instant noodle business, expecting market share and operational efficiency to improve this year [1] - The company has raised its profit forecast for 2025 to 2027 by 5% to 8%, anticipating an expansion in operating profit margin due to easing cost pressures, product price increases, and cost savings [1] - The target price for Master Kong has been increased from HKD 12.7 to HKD 13.7, maintaining a "Buy" rating [1] Group 2 - For its peer, Uni-President China (00220), Goldman Sachs has lowered revenue forecasts for 2025 to 2027 by 1% to 4% due to increased market competition affecting the beverage business [1] - Profit forecasts for Uni-President have been reduced by 5% to 10%, with an estimated sales growth of approximately 3.5% this year and a profit growth of 1% supported by instant noodles and OEM business [1] - The target price for Uni-President has been decreased from HKD 9 to HKD 8.2, maintaining a "Neutral" rating [1]

Group 1 - The core viewpoint of the report is that CICC maintains a target price of HKD 14 for Master Kong Holdings (00322), reflecting a market valuation increase with an upside potential of 17.4% based on projected P/E ratios of 15.1x and 14.2x for the next two years [1] - The company is expected to experience a revenue decline of 2% for the previous year, while net profit is projected to grow by 16.3%. Excluding one-time gains from asset disposals, net profit growth is estimated at 12.5% [1] - For the second half of the previous year, revenue is anticipated to decrease by 1.2%, with net profit growth of 12% [1] Group 2 - Due to intensified competition in the beverage sector, CICC has revised down its profit forecasts for the company for 2025 and 2026 by 0.6% and 5.6%, respectively, to RMB 4.34 billion and RMB 4.63 billion [1] - The report introduces a profit estimate of RMB 4.93 billion for 2027 [1]

Core Viewpoint - Macquarie maintains an "outperform" rating for Master Kong (00322) and believes that the new management will focus on strict cost management and revenue recovery, leading the company to achieve sustainable growth starting in 2026 [1] Financial Projections - Macquarie has raised its earnings forecasts for Master Kong for 2025, 2026, and 2027 by 2.1%, 2.1%, and 2.0% respectively, based on confidence in strict operational cost control [1] - The company is expected to see healthy profit growth supported by these adjustments [1] Valuation and Target Price - Macquarie maintains a price-to-earnings ratio of 15 times for the 2026 forecast and has increased the target price from HKD 14.7 to HKD 15, representing a 2% increase [1] Dividend Yield - The anticipated dividend returns for Master Kong are attractive, with expected dividend yields of 7% and 8% for 2025 and 2026 respectively [1] Sales and Profit Expectations - Sales for the second half of 2025 are projected to increase by 0.1% year-on-year, with a 3% growth in the instant noodle segment offsetting a 1.5% decline in beverage sales [1] - Operating profit is expected to grow by 13.4% year-on-year, primarily benefiting from strict cost control strategies and favorable raw material price trends [1] Future Growth Potential - Following a price increase for instant noodle products in July 2024, the low base effect is expected to result in positive sales growth for instant noodles in the second half of 2025, which is likely to continue until the end of the year [1] - Due to declining raw material prices, the gross margin for the second half of 2025 is expected to expand by 0.7 percentage points year-on-year [1]