Nissin Foods Wins Bid for Acquiring Equity Interest in Zhuhai Winner at RMB352.44 Million

Nissin Foods Company Limited (“Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) announced that its wholly-owned subsidiary Nissin Foods (China) Holding Co., Ltd. (“Nissin Foods China”) has won a bid for 29.55% equity interest in Zhuhai Golden Coast Winner Food Products Limited (“Zhuhai Winner”) (the “Proposed Acquisition”) at RMB352.44 million.

An indirect subsidiary of Nissin Foods, Zhuhai Winner is 70.45% owned by Winner Food Products Limited, a wholly-owned subsidiary of the Company, and 29.55% owned by Zhuhai Western Development Co. Upon completion of the Proposed Acquisition, Zhuhai Winner will become an indirect wholly-owned subsidiary of Nissin Foods.

Zhuhai Winner is a manufacturer and distributor of instant noodles for Nissin Foods. Its principal activities include production and sale of instant noodles, seasonings, paper food containers and plastic packaging containers.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “We believe the Proposed Acquisition, if materialised, will give us greater flexibility to deploy production capabilities in Hong Kong and Mainland China to respond to market demand and the changing business environment. It will also present a good opportunity to the Group to advance our instant noodles production and distribution, as well as seize the long-term growth trends in the Mainland China, which will in turn bolster the Group’s overall income and profitability. The move is also proof of our long-term commitment to the instant noodles business in Hong Kong and Mainland China which is in line with our strategic direction.”

About Nissin Foods Company Limited

Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.

For media enquiries:

Nissin Foods Company Limited

Public Relations Department

Blanche Wong / Mabel Tan

Email: pr@nissinfoods.com.hk

For investor enquiries:

Nissin Foods Company Limited

Investor Relations Department

Shingo Yamazaki / Fanny Yan

Email: ir@nissinfoods.com.hk

Strategic Financial Relations Limited

Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk

Aggie Fang Tel: (852) 2114 4987 Email: aggie.fang@sprg.com.hk

Maggie Ko Tel: (852) 2864 4890 Email: maggie.ko@sprg.com.hk






Topic: Press release summary



Nissin Foods (Hong Kong) Charity Fund Launches Orange Tennis Community Programme

Nissin Foods Company Limited (“Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced the launch of the Nissin Foods Orange Tennis Community Programme (Tai Po) by Nissin Foods (Hong Kong) Charity Fund (“Charity Fund”) and The Hong Kong Tennis Association (“HKTA”), offering regular weekly trainings for young players to promote healthy living.

Mr. Kiyotaka ANDO, Chairman of the Advisory Committee of the Charity Fund (middle), Mr. Philip Mok, HKTA President (left) & Ms. ZHANG Ling, Nissin Foods Sports Ambassador join the kids for a group photo after the Kick-off Ceremony.

The programme marks the first initiative funded by the Nissin Foods Charity Fund, in accordance with its vision to promote healthy living via eating and sports. Registered as a charitable institution since September 2021, the Nissin Foods (Hong Kong) Charity Fund was built upon Nissin Food’s founder Mr. Momofuku Ando’s belief that “Eating and sports are the two axles of health.” Its mission is to advance education, to make provision for the people in need, and to carry out charitable works beneficial to the Hong Kong community.

“We are delighted to launch the first initiative to be funded by the Nissin Foods Charity Fund,” said Mr. Kiyotaka ANDO, Chairman of the Advisory Committee of the Charity Fund. “The Orange Tennis Community Programme is a worthy initiative that provides opportunities for disadvantaged young people to participate in sports, in line with the goals of the Charity Fund and our broader company ethos. Nissin Foods is strongly committed to the promotion of sports, physical activities, and a healthy lifestyle for all.”

“We are honoured to be the first recipients of the Nissin Foods Charity Fund,” remarked Mr. Philip MOK, President of The Hong Kong Tennis Association (“HKTA”). “The Orange Ball Programme offers an invaluable continuous experience in tennis for thousands of young players and we are excited to expand it to Tai Po. Players who are able to experience tennis for a second year after participating in our entry-level ‘Tennis Rocks’ programme are more likely to further their development and commit to playing tennis in the long-term. We are hugely thankful for Nissin Food’s continued partnership to enable our grassroots youth programmes to flourish,” MOK added.

To launch the programme, Nissin Foods Sports Ambassador and former Hong Kong No.1 ZHANG Ling attended a ceremony ahead of training commencing in July 2022. ZHANG will act as a mentor for the programme and make regular visits to training sessions to inspire and nurture the participants.

The Nissin Foods Orange Tennis Community Programme in Tai Po extends HKTA’s Orange Ball Programme which is designed to provide players aged 7-10 years from disadvantaged backgrounds a second tennis experience to further their development. It is the first initiative of its kind in Tai Po and will offer weekly trainings to young players across 4,300 coaching hours in its first year.

About Nissin Foods (Hong Kong) Charity Fund
The Nissin Foods (Hong Kong) Charity Fund (“Charity Fund”) was set up in September 2020 by way of a trust deed by Nissin Foods Company Limited (Stock code: 1475). The Charity Fund obtained the tax exemption status for charitable institutions accorded by section 88 of the Inland Revenue Ordinance (Cap. 112) in September 2021. The objects of the Charity Fund are: a) to advance education, teaching, learning, arts, science and academic research; b) to make provision for the people in need; and c) to carry out works of a charitable nature beneficial to the Hong Kong community.

About Hong Kong Tennis Association
The HKTA is a non-profit organization formed in 1909 with over 4,000 individual members and recognised by both the Asian Tennis Federation (ATF) and the International Tennis Federation (ITF). The HKTA’s objectives are to promote tennis to all, to nurture talented players to compete at a regional & international level, and to raise the standard of the game in Hong Kong. To meet its objectives, the HKTA organises a number of local and international tennis tournaments, as well as grassroots, junior and elite development programmes, inter-club leagues, coaching certification courses, and a Tennis-For-All open enrollment programme.
Please visit www.tennishk.org for more information.






Topic: Press release summary

Nissin Foods Achieves Steady 2022 Q1 Financial Results

Nissin Foods Company Limited (“Nissin Foods” or the “Company”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 (“the Reporting Period”).

The Group’s revenue increased by 10.1% year-on-year (“YoY”) from HK$964.5 million to HK$1,061.8 million. Gross profit grew 7.4% YoY to HK$332.8 million (2021: HK$309.9 million). Gross profit margin was 31.3% (2021: 32.1%), mainly a result of the increased prices of raw materials and other production costs. Profit attributable to owners of the Company was HK$90.3 million (2021: HK$93.2 million).

Revenue from Hong Kong operations increased by 6.6% YoY to HK$357.9 million due to a surge in demand of bag-type instant noodles. As for Mainland China operations, having taken steps to expand its geographical sales territories and strengthen its “Cup Noodles” brand in the Reporting Period, revenue increased by 11.9% (in local currency: 8.6%) to HK$703.9 million, mainly contributed by the growth in sales volume of cup-type instant noodles.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “With the COVID-19 epidemic prevailing, people’s livelihood and economic recovery have been surrounded with uncertainties. Although the business environment has been challenging, we are committed to ensuring stable supply of quality and safe products to our customers and, to sustain profit growth. We will continue to enhance production efficiency by improving our capabilities and implementing cost-saving measures. In line with the Company’s strategic direction, we will also continue to enhance our product portfolio so as to strengthen overall competitiveness and create sustainable value for all stakeholders.”

For details, please refer to the announcement:
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0513/2022051300230.pdf

About Nissin Foods Company Limited
Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.






Topic: Press release summary

Nissin Foods Announces Price Revision in Mainland China, Effective 1 March 2022

Nissin Foods Company Limited (“Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) will adjust the ex-factory price of its key instant noodle products in Mainland China, effective 1 March 2022.

The most recent price adjustments by Nissin Foods on its instant noodles in Mainland China was over a decade ago in 2011. As a leading food manufacturer, the Group has been devoted to enhancing the taste and quality of its products while also ensuring a stable supply of quality instant noodles at reasonable prices for the past 11 years.

In face of the increasing cost pressures from the unstable supply and soaring price of raw materials, particularly in the past year, the Group has been working to offset the rising costs by improving its production efficiency and reducing expenses. It has come to the point where the Group found it necessary to adjust its product prices in order to alleviate the cost pressure in a more effective manner.

Effective 1 March 2022, Nissin Foods will increase the ex-factory price of its key instant noodle products in Mainland China by a mid-single-digit percentage point on average. The price adjustment will be applied to Cup Noodles, Demae Iccho (bag, cup and bowl types), Nissin Pasta, Raoh and so on.

Nissin Foods appreciates the understanding of all business partners and consumers. The Group remains committed to providing safe, tasty and quality products to delight consumers. In addition, Nissin Foods will continue to make investments in order to improve its operational efficiency and enhance its product portfolio, ensuring sustainable growth and creating higher value for shareholders.

About Nissin Foods Company Limited
Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.

For media enquiries:
Nissin Foods Company Limited
Public Relations Department
Blanche Wong / Riko Lee
Email: pr@nissinfoods.com.hk

For investor enquiries:
Nissin Foods Company Limited
Investor Relations Department
Shingo Yamazaki
Email: ir@nissinfoods.com.hk

Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Sharon Lau Tel: (852) 2864 4852 Email: sharon.lau@sprg.com.hk
Aggie Fang Tel: (852) 2114 4987 Email: aggie.fang@sprg.com.hk






Topic: Press release summary

Nissin Foods Delivers Stable 2021 Q1 Financial Results

Nissin Foods Company Limited (“Nissin Foods” or the “Company”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited 2021 first quarter financial information for the three months ended 31 March 2021 (“the Reporting Period”).

The Group’s revenue amounted to HK$964.5 million, representing a year-on-year (“YoY”) increase of 9.0% from HK$884.6 million. Gross profit increased by 9.1% YoY to HK$309.9 million (2020: HK$284.2 million), while gross profit margin was maintained at 32.1%, due mainly to the increase in sales in the PRC which offsetted the increase in price of raw materials and other production costs. Profit attributable to owners of the Company was HK$93.2 million (2020: HK$99.0 million).

Revenue from the Group’s PRC operations increased by 19.5% YoY (in local currency: increased by 11.4%) to HK$628.8 million (2020: HK$526.2 million), attributable mainly to the organic growth of the instant noodles business and contribution from the Group’s distribution business. Revenue from the Hong Kong operations amounted to HK$335.6 million (2020: HK$358.4 million), following a decrease in sales of bag-type instant noodles during the Reporting Period.

During the Reporting Period, the Group has launched the CUPNOODLES MUSEUM Hong Kong in March. The new attraction showcases the Group’s vibrancy and ambition to bring new experiences to Hong Kong people and to inspire creativity and curiosity among visitors via educational and entertaining food-related interaction.

The Group also reviews regularly its asset utilisation and efficiency of its production facilities to maintain its leadership position. In line with this strategy, the Group has today announced an investment plan of approximately HK$194 million to consolidate production facilities and install new smart production lines (the “Investment Plan”) in its Hong Kong production plants at the Tai Po Industrial Estate. Equipping with advanced production technologies and incorporating state-of-the-art automation and robotics, construction of the new production lines is expected to complete by 2023. The Investment Plan will enhance the Group’s production and management efficiency and raise quality control, while ensuring a flexible manufacturing system with an ability to produce a variety of products and provide additional areas for warehousing.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “Amid the ongoing uncertainties in the global economy since the outbreak of COVID-19 last year, the Group continued to keep serving you, underpinned by our dedication to ensuring a stable supply of affordable, safe and tasty food products in spite of the challenging environment. As a leading food manufacturer, we are committed to investing in a variety of businesses to keep up with the sustainable growth and the integration of advanced technology into the manufacturing process in line with the Group’s business development strategy. We will continue investing in our businesses in order to strengthen our overall competitiveness and create sustainable value for our stakeholders.”

For details, please refer to the announcement:
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0511/2021051100334.pdf

About Nissin Foods Company Limited
Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and the PRC with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the PRC market, the Group has introduced technology innovation through the “ECO Cup” concept into the market and primarily focuses its sales efforts in first-and second-tier cities in the PRC.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.


Topic: Press release summary