Nongfu Spring Co Ltd Announces Key Developments Ahead of Annual General Meeting

April 25, 2025 — Nongfu Spring Co Ltd, a leading beverage company based in Hangzhou, China, has announced several key developments as it prepares for its upcoming Annual General Meeting (AGM). The company, listed on the Hong Kong Stock Exchange under the ticker 09633, is a prominent player in the Consumer Staples sector, specializing in the production and sale of various types of bottled soft drinks.

Annual General Meeting and Corporate Governance Updates

The company has issued a notice of its Annual General Meeting, scheduled to take place soon. Key agenda items include the proposed appointment of an independent non-executive director and the appointment of supervisors. These appointments are part of Nongfu Spring’s ongoing efforts to strengthen its corporate governance framework. Additionally, the company plans to declare a final dividend, reflecting its commitment to delivering shareholder value.

Sustainability and Annual Report Highlights

In its 2024 Sustainability Report, Nongfu Spring has outlined its environmental and social initiatives, emphasizing its dedication to sustainable business practices. The report details the company’s efforts to reduce its carbon footprint, enhance resource efficiency, and contribute positively to the communities in which it operates.

Furthermore, the 2024 Annual Report provides a comprehensive overview of the company’s financial performance and strategic direction. Despite facing market volatility, Nongfu Spring has maintained a robust market capitalization of 383.16 billion HKD. The company’s stock price closed at 36.65 HKD on April 16, 2025, reflecting a significant recovery from its 52-week low of 23.55 HKD on September 15, 2024. The price-to-earnings ratio stands at 32, indicating investor confidence in its growth prospects.

As Nongfu Spring continues to navigate the dynamic consumer staples market, these developments underscore its focus on governance, sustainability, and shareholder returns. The upcoming AGM will provide further insights into the company’s strategic priorities and future outlook.