提 示 信 函 各位登記股東： ( 於開曼群島註册成立之有限公司 ) ( 股份代號 : 288) 以電子方式發布公司通訊之最新安排的提示信函 根據自 2023 年 12 月 31 日起生效的擴大無紙化制度及以電子方式發布公司通訊規定下香港聯合交易所有限公司證券上市 規則（「上市規則」）第 2.07 條，萬洲國際有限公司（「本公司」）謹此提醒 閣下，本公司已採用以電子方式發布公司 通訊（「公司通訊」）之安排，該公司通訊是指本公司為向其任何證券持有人提供資訊或提醒其採取行動而發布或將要發 布的任何文件，包括但不限於(a)董事報告、年度帳目以及審計報告副本以及（如適用）財務摘要報告；(b)中期報告及其中 期報告摘要（如適用）；(c)會議通知；(d)上市文件；(e)通函和(f)委任表格。 請注意，所有日後公司通訊的英文版和中文版將在本公司網站 www.wh-group.com 和披露易網站 www.hkexnews.hk 上提供， 以代替印刷本。 根據上市規則及第三次經修訂和重述的公司章程大綱細則，本公司毋須就刊載公司通訊向股東發出通知。本公司只會向 有 提 供 有 效 電 子 郵 件 地 址 的 股 東 發 送 有 ...

Core Viewpoint - UBS research report identifies WH Group (00288.HK) as a top industry pick over the past two years due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming, with diversified operations across China, the US, and Europe [1] Group 1: Investment Ratings - The investment bank maintains a "Buy" rating for WH Group, with a target price raised from HKD 8.5 to HKD 11 [1] - In the past 90 days, one investment bank has issued a "Buy" rating for the stock, with an average target price of HKD 10 [1] - CITIC Securities latest report also gives WH Group a "Buy" rating with a target price of HKD 10 [1] Group 2: Market Position - WH Group has a market capitalization of HKD 126.891 billion, ranking first in the food processing industry [1] - Key performance indicators are summarized in the accompanying table [1]

Core Viewpoint - UBS research report identifies WH Group (00288) as a top industry pick for the past two years due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming, with diversified operations across China, the US, and Europe [1] Group 1 - UBS raises the target price for WH Group from HKD 8.5 to HKD 11 and reiterates a "Buy" rating [1] - The company is expected to enter a phase of lower earnings volatility, benefiting from a more stable outlook for US pig prices and a strategic shift towards higher-margin packaged meat products, which will enhance earnings visibility and shareholder returns [1] Group 2 - UBS has adjusted WH Group's earnings per share forecasts for 2025 and 2026 upwards by 1% and 4% respectively, anticipating year-on-year growth of 7% and 4% [1]

Core Viewpoint - UBS research report identifies WH Group (00288) as a top industry pick for the past two years due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming, with diversified operations across China, the US, and Europe [1] Group 1 - UBS raises the target price for WH Group from HKD 8.5 to HKD 11 and reiterates a "Buy" rating [1] - The company is expected to enter a phase of lower earnings volatility, benefiting from a more stable outlook for US pig prices and a strategic shift towards higher-margin packaged meat products, which will enhance earnings visibility and shareholder returns [1] Group 2 - UBS has adjusted WH Group's earnings per share forecasts for 2025 and 2026 upwards by 1% and 4% respectively, anticipating year-on-year growth of 7% and 4% [1]

Core Viewpoint - Wan Cheng International (00288) has been identified as a preferred stock by UBS due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming across China, the US, and Europe [1] Group 1: Financial Performance and Projections - UBS has raised its earnings per share forecasts for Wan Cheng International by 1% and 4% for 2025 and 2026 respectively, expecting annual growth of 7% and 4% [1] - DBS noted that the reduction of pig farming capacity to 11.5 million heads will enhance profit margins, supported by favorable pork prices projected to rise by 9% in 2025 and lower feed costs [1] Group 2: Business Strategy and Market Outlook - The company is expected to enter a phase of lower earnings volatility, benefiting from a more stable outlook for US pig prices and a strategic shift towards higher-margin packaged meat products [1] - In 2026, the volume of packaged meat sales is anticipated to grow moderately, as pork remains a more affordable protein source compared to beef, with pricing power, product mix optimization, and ongoing efficiency improvements likely to drive mid-single-digit growth in operating profit [1]

Core Viewpoint - Wan Cheng International (00288) is experiencing a stock price increase, currently up 2.51% to HKD 10.2, with a trading volume of HKD 65.43 million. UBS has identified the company as a preferred stock due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming across China, the US, and Europe. The company is expected to enter a phase of lower earnings volatility, benefiting from stable US pig prices and a strategic shift towards higher-margin packaged meat products, which will enhance profitability and shareholder returns [1]. Group 1 - UBS has raised its earnings per share forecasts for Wan Cheng International by 1% and 4% for 2025 and 2026, respectively, anticipating annual growth of 7% and 4% [1]. - DBS previously noted that streamlining pig farming capacity to 11.5 million heads will help improve profit margins, alongside favorable pig prices (expected to rise by 9% in 2025) and lower feed costs, supporting double-digit growth in operating profit for Q4 2025 [1]. - In 2026, packaged meat sales are expected to grow moderately, as pork remains a more affordable protein source compared to beef, with pricing power, product mix optimization, and ongoing efficiency improvements likely to drive mid-single-digit growth in operating profit [1].

Core Viewpoint - UBS has identified WH Group as one of its top industry picks over the past two years due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming, with a diversified business presence across China, the United States, and Europe [1] Group 1 - The company is expected to enter a phase of lower earnings volatility, benefiting from a more stable outlook for U.S. hog prices and a strategic shift towards higher-margin packaged meat products, which will enhance earnings visibility and shareholder returns [1] - UBS has raised its earnings per share forecasts for WH Group for 2025 and 2026 by 1% and 4% respectively, anticipating annual growth rates of 7% and 4% [1] - The target price for WH Group has been increased from HKD 8.5 to HKD 11, with a reiterated "Buy" rating [1]

Group 1 - The core point of the article highlights that southbound funds have reduced their holdings in Wan Zhou International (00288.HK) by 2.4 million shares on February 23, with a total net reduction of 3.1252 million shares over the last five trading days [1] - Over the past 20 trading days, there have been 11 days of net reductions by southbound funds, totaling 3.1959 million shares [1] - As of now, southbound funds hold 783 million shares of Wan Zhou International, accounting for 6.09% of the company's total issued ordinary shares [1] Group 2 - Wan Zhou International Limited primarily engages in the pork business as an investment holding company [1] - The company operates through three segments: the meat products segment, which involves the production, wholesale, and retail of both low-temperature and high-temperature meat products; the pork segment, which handles the slaughtering of live pigs, wholesale and retail of fresh and frozen pork, and pig farming; and the other segment, which deals with poultry slaughtering and sales [1] - The other segment also provides supporting products and services, including logistics, production of seasonings and natural casings, manufacturing and selling packaging materials, operating financial and real estate companies, food retail chains, and trading of biomedical materials and meat-related products [1]

Core Viewpoint - The company, Wan Zhou International, will hold a board meeting on March 24, 2026, to consider and approve its annual performance for the year ending December 31, 2025, and to discuss the potential distribution of annual dividends, if any [1] Group 1 - The board meeting is scheduled for March 24, 2026 [1] - The meeting will focus on the annual performance for the year ending December 31, 2025 [1] - The company will also consider the distribution of annual dividends during the meeting [1]

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的任何損失承擔任何責任。 主席 萬隆 香港，二零二六年二月二十三日 於本公告日期，本公司執行董事為萬隆先生、郭麗軍先生、 萬宏偉先生及馬相傑先生； 本公司非執行董事為焦樹閣先生；及本公司獨立非執行董事為黃明先生、劉展天先生及 周暉女士。 董事會會議日期 萬洲國際有限公司（「本公司」）董事會（「董事會」）謹此公佈，本公司將於二零 二六年三月二十四日（星期二）舉行董事會會議，藉以（其中包括）考慮及批准本公 司及其附屬公司截至二零二五年十二月三十一日止年度業績，以及考慮派發年度股息 （如有）。 承董事會命 萬洲國際有限公司 WH Group Limited 萬 洲 國 際 有 限 公 司 （於開曼群島註冊成立的有限公司） (股份代號：288) ...