Group 1 - The core point of the article is that 康师傅控股 (00322) has appointed 魏宏丞 as the new CEO, marking a return to family governance after 11 years of professional management [1] - The stock price of 康师傅控股 increased by 3.06% to HKD 12.47, with a trading volume of HKD 132 million at the time of reporting [1] - The new CEO, 魏宏丞, is the son of the founder 魏应州 and the brother of the chairman 魏宏名, indicating a significant shift in the company's leadership structure [1] Group 2 - According to a report from Goldman Sachs, 康师傅控股 faces challenges in achieving its sales targets for the fiscal year 2025, primarily due to weak beverage business performance [1] - Despite the sales challenges, the company is expected to meet its profit targets, driven by pricing power, favorable cost conditions, efficiency improvements, and strict promotional management [1] - For 2026, 康师傅's management has reiterated a focus on improving profit margins while aiming to restore revenue growth and continue efficiency enhancement measures [1]

Core Viewpoint - Master Kong Holdings (00322) has announced a leadership change with CEO Chen Yingrang retiring and being succeeded by Wei Hongcheng, marking a shift back to family control after 11 years of professional management [1] Group 1: Leadership Change - CEO Chen Yingrang has decided to retire and will not renew his service contract with the company [1] - Wei Hongcheng, the new CEO, is the brother of Chairman Wei Hongming and the son of founder Wei Yingzhou, indicating a return to family management [1] Group 2: Market Performance - Master Kong's stock has risen over 3%, currently trading at HKD 12.47 with a transaction volume of HKD 1.32 billion [1] Group 3: Financial Outlook - Goldman Sachs reported that Master Kong faces challenges in achieving its sales targets for the fiscal year 2025, primarily due to weak beverage business [1] - Despite sales challenges, the company is expected to meet its profit targets due to pricing base effects, favorable cost conditions, efficiency improvements, and strict promotional management [1] - For 2026, management aims to focus on improving profit margins while also looking to restore revenue growth and continue efficiency enhancement measures [1]

Group 1: Management Changes at Kang Shifu Holdings - CEO Chen Yingrang will retire, and his contract will end on December 31, 2025. Wei Hongcheng will take over as CEO starting January 1, 2026 [1] - Wei Hongcheng, aged 43, has an international education background and experience in the beverage sector, which may boost market expectations for reforms [1] - The company faces challenges such as weak demand for instant noodles and pressure from beverage price wars, which could limit profit improvement unless product innovation and channel expansion accelerate by 2026 [1] Group 2: Cultural and Tourism Investigation in Jiangsu - The Jiangsu Provincial Department of Culture and Tourism is investigating the appearance of a valuable painting from the Nanjing Museum at an auction, which has raised concerns [2] - A working group has been established to handle the investigation, and any illegal activities will be addressed according to the findings [2] - If the procedures are deemed compliant, the impact on the museum and tourism system will be limited; however, any procedural flaws could undermine the credibility of state-owned cultural institutions [2] Group 3: Hainan's Border Closure and Travel Surge - Hainan Free Trade Port has officially started its closure operations, leading to a more than 100% year-on-year increase in international flight bookings to Haikou for the 2026 Spring Festival [3] - Major source countries for travelers include Russia, Singapore, Australia, Malaysia, South Korea, and Thailand [3] - The closure, combined with holiday policies, is expected to boost revenue for airlines, airports, duty-free shops, and hotels on the island [3] Group 4: Strategic Partnership between Fosun Tourism and BYD - Fosun Tourism has entered into a global long-term strategic partnership with BYD to leverage their strengths in green travel, smart manufacturing, and tourism [4] - The collaboration aims to create a "travel + vacation" ecosystem and enhance international operations for both companies [4] - This partnership is expected to increase customer flow and revenue for projects like Taicang Alps and enrich the benefits for BYD vehicle owners [4]

Core Viewpoint - The announcement of CEO Chen Yingrang's retirement and the appointment of Wei Hongcheng as the new CEO of Master Kong Holdings marks a significant leadership transition for the company [3][4]. Group 1: Leadership Changes - Chen Yingrang has decided to retire and will not renew his service contract, which is set to expire on December 31, 2025 [3]. - Wei Hongcheng will be appointed as the new CEO effective January 1, 2026, while continuing his role as an executive director [4]. - Wei Hongcheng, aged 43, has been an executive director since January 1, 2019, and holds degrees from Imperial College London and Harvard Business School [4]. Group 2: Company Performance - For the first half of 2025, Master Kong Holdings reported revenues of 40.092 billion yuan, a year-on-year decrease of 2.7% [4]. - The gross profit margin increased to 34.5%, reflecting a year-on-year growth of 1.9 percentage points [4]. - The profit attributable to shareholders rose to 2.271 billion yuan, marking a year-on-year increase of 20.5% [4].

Core Viewpoint - The announcement reveals the retirement of Chen Yingrang as CEO of Master Kong Holdings, effective December 31, 2025, and the appointment of Wei Hongcheng as the new CEO starting January 1, 2026 [1] Company Announcement - Chen Yingrang has decided to retire and will not renew his service contract with the company [1] - The board has appointed Wei Hongcheng as the new CEO, effective January 1, 2026, while he will continue to serve as an executive director [1] - Wei Hongcheng is the brother of Wei Hongming, the chairman and executive director, and their family holds 100% of the major shareholder, Ting Hsin (Cayman Islands) Holdings Co., Ltd [1] - As of the announcement date, Wei Hongcheng holds 5 million shares of the company and has options to subscribe for 1.385 million shares [1]

Group 1 - The core announcement is that Mr. Chen Yingrang has decided to retire and will not renew his service contract with the company [1] - The service contract between the company and Mr. Chen, who serves as the Chief Executive Officer, will expire on December 31, 2025 [1] - Mr. Wei Hongsheng has been appointed as the new Chief Executive Officer, effective from January 1, 2026, and he will continue to serve as an executive director [1]

Group 1 - The core point of the article is the retirement of Mr. Chen Yingrang, the current CEO of Master Kong Holdings, who will not renew his service contract with the company [1] - Mr. Chen's service contract as CEO will expire on December 31, 2025 [1] - Mr. Wei Hongcheng has been appointed as the new CEO, effective from January 1, 2026, and he will continue to serve as an executive director [1]

Group 1 - The core point of the article is the retirement announcement of Chen Yingrang, the current CEO of Master Kong Holdings, and the appointment of Wei Hongcheng as the new CEO effective January 1, 2026 [1] Group 2 - Chen Yingrang has decided to retire and will not renew his service contract with the company, which is set to expire on December 31, 2025 [1] - Wei Hongcheng will take over as CEO and will continue to serve as an executive director [1]

TINGYI (CAYMAN ISLANDS) HOLDING CORP. 康師傅控股有限公司* （於開曼群島註冊成立之有限公司） （股份編號：0322） 董事會成員及首席執行官名單、角色及職能 獨立非執行董事 徐信群 栃尾雅也 文暮良 本公司共設有兩個委員會。下表提供各董事會成員在各委員會中所擔任的職位。 | 董事 | 審核委員會 | 薪酬及提名委員會 | | --- | --- | --- | | 魏宏名 | — | M | | 井田純一郎 | — | — | | 魏宏丞 | — | — | | 筱原幸治 | — | — | | 高橋勇幸 | — | — | | 曾倩 | — | M | | 徐信群 | C | C | | 栃尾雅也 | M | M | | 文暮良 | M | M | 附註： C有關委員會主席 M有關委員會成員 二零二五年十二月十八日 於2026年1月1日生效的康師傅控股有限公司董事會（「董事會」）成員及首席執行官名單如 下。 執行董事 魏宏名（主席） 井田純一郎（副主席） 魏宏丞（首席執行官） 筱原幸治 高橋勇幸 曾倩 ...

更換首席執行官 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* （於開曼群島註冊成立之有限公司） （股份編號：0322） 首席執行官退休 康師傅控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」） 宣佈，陳應讓先生（「陳先生」）已決定退休，不再與本公司續期服務合約。本公司與 陳先生作為本公司首席執行官之間的服務合約將於2025年12月31日屆滿。 陳先生向本公司確認，其與董事會並無意見分歧，亦無有關其退休的事宜須敦請本 公司股東（「股東」）或香港聯合交易所有限公司（「聯交所」）垂注。 陳先生自2013年2月加入本集團以來，在培養新一代人才、引進外部合作夥伴、食 品安全和技術平台建設等領域取得了顯著成就，為本集團的業務發展做出了巨大貢 獻，助力本集團積極踐行高質量發展。他積極推動可持續發展，在本集團的 ESG體 系構建、綠色運營及社 ...