New Stock News | Globe Horticulture Submits Application to Hong Kong Stock Exchange Again to Become the World's Largest Manufacturer of Decorative Plastic Flower Pots Industry.

According to the disclosure by the Hong Kong Stock Exchange on June 25th, Global Horticulture Limited (referred to as "Global Horticulture") has once again submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CMB International as its sole sponsor. Company Profile The prospectus shows that the company is a top manufacturer and exporter of decorative horticultural products, specializing in decorative plastic flower pots for indoor and outdoor use. Through long-term business relationships, the company supplies to major mass merchandise and home improvement retailers in North America, including Lowe's, Walmart, Sam's Club, and Costco. During the past reporting period, most of the revenue came from sales to the United States, with additional sales to Canada, Mexico, and Australia. The company currently operates six production plants in China and Cambodia. In addition, the company has established a production plant in Cambodia, which is currently in the preparation stage. The company manages product design, mold development, material procurement, and manufacturing processes in an integrated manner. Within the category of horticultural flower pots, decorative pots are an important submarket, accounting for 59.8% of the horticultural flower pot market share in 2025. Decorative plastic flower pots constitute a major product category for the company, accounting for approximately 51.5% of the decorative flower pot market in 2025. According to Zeosight Consulting data, the company is the largest manufacturer in the world for decorative plastic flower pots based on revenue for 2024 and 2025 (with a market share of 4.6% for each year). The company is also the largest exporter among Chinese pot manufacturers based on revenue for 2024 and 2025. The company's market position reflects its production scale, manufacturing capabilities, and supply relationships established with large retail customers. The company is one of the few globally that can fully manage product design, mold development, and large-scale production independently, enabling it to accelerate development cycles, ensure consistent quality control, and provide reliable delivery guarantees for large-scale retail projects. The company's products include outdoor decorative flower pots (generally over 12 inches in diameter), indoor decorative flower pots (generally under 12 inches in diameter), and other horticultural products. With large-scale production capacity across six production plants in China and Cambodia, the company benefits from cost-effective production, export resilience, and deep interactions with customers, positioning the company as a significant global player in the decorative plastic flower pot supply chain, holding a leading position in the field. The company's products have received external quality certifications and have been audited through business social responsibility initiatives and supplier compliance audit network programs to meet recycling declaration standards. The company plans to enhance its product development capabilities, increase automation levels, strengthen raw material procurement in China and Southeast Asia, and continue expanding production scale in China and Cambodia. With a strong customer base, diversified manufacturing footprint, and favorable industry trends in the decorative plastic flower pot sector, the company believes it has a competitive advantage for further growth. Financial Information Revenue In the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately HK$358 million, HK$474 million, and HK$502 million respectively. Profit In the fiscal years 2023, 2024, and 2025, the company's attributable profit to owners was approximately HK$79.725 million, HK$126 million, and HK$81.801 million respectively. Industry Overview The global horticulture market has flourished in recent years. In terms of retail sales, the global horticulture market increased from US$977 billion in 2021 to US$1.086 trillion in 2025, with a compound annual growth rate (CAGR) of 2.7%. This growth trajectory reflects the continued enthusiasm for home beautification and yard economy investment globally, particularly in the post-pandemic era. In the future, the expansion of the yard economy will continue to drive stable growth in the global horticulture market, with the overall market expected to grow from US$1.086 trillion in 2025 to US$1.351 trillion in 2030, with a compound annual growth rate of 4.5%. Among all product categories, horticultural flower pots account for approximately 7.1% of the market share, with an expected compound annual growth rate of 7.3%, being a core driver of overall market growth. At the same time, with the rise of the yard economy and the increasing demand for beautification of living environments, decorative horticultural products are increasingly favored by global consumers. Compared to traditional functional horticultural products, decorative horticulture emphasizes aesthetic value and space atmosphere creation, gradually becoming an important part of home yards, balconies, and commercial outdoor spaces. These products mainly include ornamental plants, aesthetically pleasing decorative flower pots, yard ornaments, lighting fixtures, and other landscape decorations, combining aesthetics and emotional healing qualities. By 2025, the global market size for decorative horticultural products reached US$36.1 billion, expected to grow to US$51.2 billion by 2030, with a compound annual growth rate of about 7.3%, demonstrating strong and sustainable growth momentum. Among them, North America accounts for about 45.0% of the global market as a major core market. The global horticulture and flower pot industry experienced a significant destocking cycle in 2023, driven mainly by advanced demand during the pandemic and downstream retailers accumulating inventory as a preventive measure against supply chain fluctuations. As global logistics stabilized and consumers slowed non-essential spending under inflation pressures, major retail channels prioritized clearing existing inventory rather than making new purchases. This led to a temporary contraction in overall industry order volumes in the first half of the 2023 fiscal year, with inventory subsequently balancing out, and a simultaneous recovery in replenishment cycles by year-end. The global flower pot market has witnessed steady growth over the past five years, reaching US$7.7 billion in 2025, with a compound annual growth rate of 4.3% from 2021 to 2025. Driven by the boom in horticulture economy and global consumer upgrades, the market is expected to grow at a compound annual growth rate of 7.3% to reach US$11 billion. In 2025, the U.S. market accounted for 30.7% of the global market, reaching US$2.4 billion, with further growth expected to reach US$3.2 billion by 2030. Board of Directors Information The Board of Directors consists of six (6) directors, including three (3) executive directors and three (3) independent non-executive directors. The Board is responsible for managing and operating the company's business and has general authority, including determining business strategies and investment plans, implementing resolutions passed at shareholder meetings, and exercising other powers, functions, and duties granted by the Articles of Association. The Board is also responsible for formulating and reviewing the company's internal control policies and compliance with legal and regulatory requirements. The executive directors and independent non-executive directors will retire and stand for re-election at the annual general meeting of shareholders in accordance with the rules. Equity Structure As of the latest practicable date (June 16, 2026), Mr. Lu holds a total of 78.2% of the issued shares of the company and controls these shares, making him the controlling shareholder. Intermediary Team Sole Sponsor: CMB International Financing Co., Ltd. Legal Advisers: Davis Polk & Wardwell LLP, Lee & Lee, Rajah & Tann Auditors and Reporting Accountants: Deloitte Touche Tohmatsu Certified Public Accountants LLP Property Valuer: Knight Frank LLP Industry Adviser: Zeosight Consulting Limited Transfer Pricing Adviser: EY Tax Services and Consulting Limited Compliance Adviser: Mango Financial Limited.