Share Option Schemes - The total number of shares available for issuance under the 2008 Share Option Scheme as of March 24, 2025, is 15,642,000 shares, representing approximately 0.28% of the issued share capital[3]. - The total number of shares available for issuance under the 2018 Share Option Scheme as of March 24, 2025, is 412,356,736 shares, representing approximately 7.32% of the issued share capital[3]. - There were no shares cancelled or lapsed during the year for both the 2008 and 2018 Share Option Schemes[3][4]. - As of January 1, 2025, and June 30, 2025, the number of options available for grant under the 2008 Share Option Scheme is zero[4]. - As of January 1, 2025, and June 30, 2025, the number of options available for grant under the 2018 Share Option Scheme is 409,878,736[7].

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） 持續關連交易 於2025年10月9日，本公司與頂峰訂立供應協議，內容有關本集團將從頂峰採購 馬鈴薯變性澱粉、木薯變性澱粉及調味品，年期為截至 2028年12月31日止三個 財政年度。 由於頂峰由本公司董事會主席及執行董事魏宏名先生以及本公司執行董事魏宏丞 先生的家庭成員及親屬實益擁有，因此就上市規則第14A章而言，頂峰為本公司 關連人士，供應協議項下擬進行的交易將構成上市規則第 14A章項下的本公司持 續關連交易。 由於供應協議項下的年度上限額的適用百分比率將超過0.1%但低於5%，因此供 應協議項下擬進行的交易需遵守上市規則第 14A章項下的申報、年度審閱及公告 的規定，但豁免遵守獨立股東批准的規定。 – 1 – 背景 茲提述本公司於2022年12 ...

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: 2025年9月30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 | 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 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 5,636,516,360 | | | 0 | | 5,636,516,360 | | 增加 / 減少 (-) | | | | | | 0 | | | | 本月底結存 | | | 5,636,516,360 | | | 0 | | 5,636,516,360 | 第 2 頁 共 10 頁 v 1.1.1 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通 ...

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) HOLDING CORP. 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2025年10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 葉沛森 香港，2025年10月2日 公司秘書 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.cn http://www.irasia.com/listco/hk/tingyi *僅供識別 康師 ...

Core Viewpoint - DBS maintains a "Buy" rating for Master Kong Holdings (00322), lowering the target price from HKD 14.1 to HKD 13.5, with a target P/E ratio of 17 times based on a 7% dividend yield [1] Group 1: Sales and Market Position - Master Kong's instant noodles and 1-liter beverage products saw a decline in market share compared to competitors like Uni-President China (00220) and Nongfu Spring (09633) after price increases last year [1] - The company is expected to experience a slight decline in revenue this year, with a moderate recovery of 4% anticipated next year, driven by investments in refrigeration to enhance channel penetration and strategic growth in emerging channels, including e-commerce and retail membership [1] Group 2: Performance and Profitability - The company is projected to meet the lower end of its performance guidance this year, with instant noodle sales expected to decline in low single digits and beverage sales also slightly down [1] - Material cost trends are expected to remain generally favorable, with stable profit margins anticipated in the second half of the year despite a year-on-year increase in palm oil prices [1] - Overall, the earnings forecast for the company has been reduced by 4% and 1% for this year and next year, respectively, with a projected year-on-year profit increase of 6% after excluding one-time factors from the first half of the year [1]

Core Viewpoint - DBS maintains a "Buy" rating on Master Kong Holdings (00322), lowering the target price from HKD 14.1 to HKD 13.5, with a target price-to-earnings ratio of 17 times based on a 7% dividend yield [1] Group 1: Sales and Market Position - Master Kong's instant noodles and 1-liter beverage products saw a price increase last year, leading to a decline in market share compared to competitors like Uni-President China (00220) and Nongfu Spring (09633) [1] - The company is expected to experience a slight decline in revenue this year, with a moderate recovery of 4% anticipated next year, driven by investments in refrigeration to enhance channel penetration and strategic growth in emerging channels, including e-commerce and retail membership [1] Group 2: Performance Expectations - The company is projected to meet the lower end of its performance guidance this year, with instant noodle sales expected to decline in single digits and beverage sales also slightly down [1] - Material cost trends are expected to remain generally favorable, particularly for flour and sugar, although palm oil prices are still rising year-on-year; profit margins are anticipated to stabilize and expand in the second half of the year [1] - Overall, the company has adjusted its earnings forecasts for the next two years down by 4% and 1%, respectively, with an expected year-on-year profit increase of 6% after excluding one-time factors from the first half of the year [1]

Core Viewpoint - The report from Huaxin Securities indicates that Master Kong Holdings (00322) is focusing on high-quality development and market competitiveness, despite a slight decline in total revenue for H1 2025 [1][2] Financial Performance - Total revenue for H1 2025 is reported at 40.092 billion yuan, a decrease of 3% year-on-year [1] - Net profit attributable to shareholders is 2.271 billion yuan, an increase of 20% year-on-year [1] - Adjusted net profit attributable to shareholders is 2.112 billion yuan, an increase of 12% year-on-year [1] - The company’s gross margin improved by 2 percentage points to 34.46% due to cost structure optimization and enhanced operational efficiency [1] Business Segmentation - Instant noodle business revenue decreased by 3% to 13.465 billion yuan, influenced by market pressure and product structure adjustments [2] - Beverage business revenue also decreased by 3% to 26.359 billion yuan, with gross margin increasing by 2 percentage points to 37.68% due to favorable raw material costs and improved management efficiency [2] - Other business revenue saw a significant decline of 17% to 0.268 billion yuan, but gross margin increased slightly by 0.1 percentage points to 51.55% [2] Strategic Initiatives - The company is enhancing product differentiation and upgrading its offerings, focusing on high-end products and innovative flavors to attract younger consumers [2] - New product launches, such as the sugar-free green tea "Fresh Green Tea," have quickly gained popularity, indicating effective market penetration strategies [2] Earnings Forecast - The adjusted earnings per share (EPS) for 2025-2027 are revised to 0.76, 0.81, and 0.86 yuan respectively, with the 2025 forecast slightly adjusted from previous estimates [1]

Investment Rating - The report maintains a "Buy" investment rating for the company [1] Core Views - The company is undergoing a transformation towards high-quality development, resulting in a significant improvement in profitability [1] - The company has optimized its cost structure and improved operational efficiency, leading to a 2 percentage point increase in gross margin to 34.46% in H1 2025 [6] - The company is focusing on product innovation and structural adjustments to enhance gross profit, with a 1 percentage point increase in gross margin for its instant noodle business to 27.81% [7] - The company is expected to continue its high-quality development, with adjusted EPS forecasts for 2025-2027 being 0.76, 0.81, and 0.86 respectively, corresponding to PE ratios of 13, 13, and 12 times [8] Summary by Sections Basic Data - Current stock price is HKD 10.91, with a total market capitalization of HKD 614.9 billion and total shares outstanding of 5,636.5 million [2] Financial Performance - In H1 2025, total revenue was HKD 400.92 billion, a decrease of 3% year-on-year, while net profit attributable to shareholders was HKD 22.71 billion, an increase of 20% year-on-year [5] - The company’s beverage business revenue also decreased by 3% to HKD 263.59 billion, but gross margin improved by 2 percentage points to 37.68% due to favorable raw material costs and improved management efficiency [7] Profitability Forecast - The company is expected to maintain a stable revenue growth trajectory, with projected revenues of HKD 79.91 billion in 2025, a slight decrease of 0.9% year-on-year, and net profit expected to grow by 14.1% to HKD 4.26 billion [11]

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: 2025年8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: 2025年9月4日 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 5,636,516,360 | | | 0 | | 5,636,516,360 | | 增加 / 減少 (-) | | | | | | 0 | | | | 本月底結存 | | | 5,636,516,360 | | | 0 | | 5,636,516,360 | I. ...

Group 1: Market Trends and Consumer Behavior - The core driving force behind the changing market landscape is the generational shift in mainstream consumer demographics, particularly urban middle-class and younger groups who prioritize quality and experience over mere affordability in food consumption [1][18] - The rise of food delivery and instant retail is providing consumers with diverse and convenient meal solutions, prompting traditional fast food industries to accelerate transformation and innovation [1] Group 2: Product Innovation by Kang Shifu - Kang Shifu has launched the "Special Fresh Boiled Noodles," a groundbreaking product that utilizes a unique single-basket boiling technique, addressing the industry's core pain points and redefining the standard for instant noodles [2][7] - The product achieved remarkable market success, with over 100,000 orders within three days of launch and surpassing 140,000 orders in the first week, making it a top-selling item in its category on Douyin [4][12] Group 3: Competitive Advantages - The product's competitive edge lies in its technological innovation, which allows for a fresh-boiled taste that distinguishes it from conventional instant noodles, thus breaking the homogenization of the market [7][11] - Kang Shifu has established a new industry standard for fresh-boiled noodles, moving away from traditional methods and creating a technical and value moat through the "5132 Fresh Boiling Standard" [9] Group 4: Market Strategy and Capital Implications - The launch of "Special Fresh Boiled Noodles" demonstrates Kang Shifu's capability for disruptive innovation, which is crucial for capital market evaluations as it indicates potential for high returns and market reconfiguration [12][15] - The product targets the mid-to-high-end instant noodle market, aiming to enhance profitability and improve overall business performance through differentiated advantages [13][15] Group 5: Long-term Market Potential - The Chinese instant noodle market, with a consumption of 42.2 billion servings in 2023, shows significant growth potential compared to other countries, emphasizing the need for products that meet evolving consumer demands [17] - The shift in consumer psychology towards valuing both convenience and quality presents an opportunity for Kang Shifu to capture market share and redefine consumer expectations in the instant noodle category [17][18]