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: 新鴻基地產發展有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 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) | 00016 | | 說明 | | | | | | | | 多櫃檯證券代號 | 80016 | RMB 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 | ...

Market Overview - The Hang Seng Index (HSI) closed at 26,751.60, down by 103.96 points or 0.39% as of September 30, 16:00 Eastern Time [1] - The index reached a high of 26,811.89 and a low of 26,663.28 during the trading session, with an average price of 26,737.59 [1] - The 52-week high for the index is 26,915.35, while the 52-week low is 18,856.77, indicating a trading range of 0.55% for the day [1] Blue-Chip Stocks Performance - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 110.477, up by 0.98% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 662.66, down by 0.05% compared to the Hong Kong close [2] Individual Stock Movements - Tencent Holdings (00700) saw a price increase of HKD 3.00, or 0.45%, with an ADR price of HKD 662.660, which is a decrease of HKD 0.340 compared to its Hong Kong price [3] - Alibaba Group (09988) increased by HKD 3.60, or 2.08%, with an ADR price of HKD 173.866, down HKD 3.134 from its Hong Kong price [3] - HSBC Holdings (00005) rose by HKD 0.60, or 0.55%, with an ADR price of HKD 110.477, up HKD 1.077 from its Hong Kong price [3] - Other notable movements include Kuaishou (01024) increasing by HKD 5.70, or 7.22%, and BYD Company (01211) rising by HKD 1.60, or 1.47% [3]

Market Overview - The Hang Seng Index (HSI) closed at 26,665.59, up by 42.71 points or 0.16% on September 29 [1] - The index reached a high of 26,699.71 and a low of 26,495.38 during the trading session, with a trading volume of 61.6389 million [1] - The 52-week high for the index is 26,915.35, while the 52-week low is 18,856.77, indicating a trading range of 0.77% [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 109.701, up 0.83% from the previous close [2] - Tencent Holdings closed at HKD 661.446, reflecting a 0.22% increase from the previous close [2] ADR and Stock Price Movements - Tencent Holdings (ADR) increased by 2.48% to HKD 660.000, with an ADR conversion price of HKD 661.446, showing a rise of HKD 1.446 compared to its Hong Kong stock price [3] - Alibaba Group (ADR) rose by 4.14% to HKD 173.400, with an ADR conversion price of HKD 175.032, indicating an increase of HKD 1.632 [3] - HSBC Holdings (ADR) saw a 1.97% increase to HKD 108.800, with an ADR conversion price of HKD 109.701, up by HKD 0.901 [3] - Other notable movements include a 2.66% increase for Trip.com Group and a 3.09% increase for JD.com [3]

Core Points - The Hang Seng Index rose by 494.68 points, an increase of 1.89%, closing at 26,622.88 points [1] - The total turnover for the day on the main board was 309.096 billion HKD [1] - The Hang Seng China Enterprises Index increased by 151.02 points, closing at 9,454.12 points, a rise of 1.62% [1] - The Hang Seng Tech Index gained 129.14 points, closing at 6,324.25 points, reflecting a growth of 2.08% [1] Blue Chip Stocks - Tencent Holdings rose by 2.48%, closing at 660 HKD [1] - Hong Kong Exchanges and Clearing increased by 2.79%, closing at 442.2 HKD [1] - China Mobile decreased by 0.12%, closing at 84.9 HKD [1] - HSBC Holdings rose by 1.97%, closing at 108.8 HKD [1] Local Hong Kong Stocks - Cheung Kong Holdings increased by 3.58%, closing at 37.58 HKD [1] - Sun Hung Kai Properties rose by 1.69%, closing at 93.15 HKD [1] - Henderson Land Development increased by 2.06%, closing at 27.7 HKD [1] Chinese Financial Stocks - Bank of China rose by 0.71%, closing at 4.23 HKD [1] - China Construction Bank increased by 1.36%, closing at 7.48 HKD [1] - Industrial and Commercial Bank of China rose by 0.53%, closing at 5.73 HKD [1] - Ping An Insurance increased by 2.1%, closing at 53.5 HKD [1] - China Life Insurance rose by 4.61%, closing at 22.22 HKD [1] Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation rose by 0.74%, closing at 4.1 HKD [1] - China National Petroleum Corporation increased by 2.39%, closing at 7.28 HKD [1] - CNOOC Limited rose by 0.84%, closing at 19.28 HKD [1]

Group 1 - UBS reports that following the Federal Reserve's 25 basis point rate cut and the Hong Kong Monetary Authority's adjustment of the overnight discount rate, Hong Kong banks have lowered the prime rate by 12.5 basis points to 5.125%, aligning with market expectations [1] - After the adjustment, the new mortgage rate for newly built residential properties will decrease from 3.5% to 3.375% [1] - UBS maintains that Hong Kong property prices will remain stable in 2025, with a potential moderate recovery of 0% to 5% in 2026 after inventory digestion [1] Group 2 - Among developers, UBS favors the performance of Sino Land, Henderson Land, and Kerry Properties over New World Development due to the latter's unattractive dividend yield [1] - UBS also prefers Hang Lung Properties, as the decline in HIBOR will reduce its interest expenses [1] - UBS has raised the target price for Sino Land by 14% to HKD 11.2, maintaining a "Buy" rating, reflecting a narrowing of the net asset value discount from 40% to 35%, supported by strong sales at Victoria Harbour and The Pacific Place, and a potential reduction in scrip dividend arrangements [1]

Market Overview - US stock indices collectively rose on Friday, while the Hang Seng Index ADR fell, closing at 26,462.40 points, down 82.70 points or 0.31% compared to the Hong Kong close [1] Company Performance - HSBC Holdings closed at HKD 108.425, up 1.52% from the Hong Kong close [1] - Tencent Holdings closed at HKD 640.316, down 0.34% from the Hong Kong close [1]

Market Overview - The Hang Seng Index (HSI) closed at 26,523.97, down by 20.88 points or 0.08% as of September 18, 16:00 Eastern Time [1] - The index reached a high of 26,568.27 and a low of 26,422.86 during the trading session, with a trading volume of 74.7354 million [1] Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.106, up by 0.85% compared to the Hong Kong closing price [2] - Tencent Holdings closed at HKD 642.805, reflecting a slight increase of 0.13% from the Hong Kong closing price [2] Individual Stock Movements - Tencent Holdings saw a decrease of HKD 19.500, or 2.95%, with an ADR price of 642.805 [3] - Alibaba Group (ADR) decreased by HKD 3.200, or 1.98%, with an ADR price of 157.960 [3] - HSBC Holdings increased by HKD 0.600, or 0.56%, with an ADR price of 108.106 [3] - China Construction Bank decreased by HKD 0.190, or 2.42%, with an ADR price of 7.641 [3] - AIA Group saw a decline of HKD 1.300, or 1.74%, with an ADR price of 73.536 [3] - NetEase experienced a drop of HKD 6.000, or 2.44%, with an ADR price of 237.834 [3] - Hong Kong Exchanges and Clearing fell by HKD 14.000, or 3.06%, with an ADR price of 446.269 [3] - Ping An Insurance decreased by HKD 1.500, or 2.69%, with an ADR price of 54.170 [3] - JD.com saw a decline of HKD 2.400, or 1.76%, with an ADR price of 137.583 [3] - Kuaishou Technology dropped by HKD 1.850, or 2.37%, with an ADR price of 72.913 [3]

Core Viewpoint - Citigroup's research report indicates that the Hong Kong government's Chief Executive, John Lee, has presented his fourth Policy Address, highlighting the optimization of capital investment plans and predicting that the super luxury property market will continue to outperform [1] Group 1: Market Performance - The report states that transactions for properties priced between HKD 30 million and HKD 50 million accounted for approximately 1.2% of total transactions in the first half of the year, with a transaction value of around HKD 14 billion [1] - Hong Kong real estate stocks have risen approximately 25% year-to-date, and the fourth quarter performance is expected to be driven by several factors [1] Group 2: Influencing Factors - The CCL leading index for second-hand property prices increased by 1.2% week-on-week, with a cumulative increase of 0.8% for the year; if this trend continues, it may narrow the net asset value (NAV) discount for real estate stocks [1] - Following a 25 basis point rate cut by the Federal Reserve, it is estimated that Hong Kong's best lending rate will decrease by 12.5 basis points [1] - Strong retail performance is anticipated during the Golden Week in Hong Kong and mainland China [1] Group 3: Preferred Stocks - Citigroup's preferred stocks include Link REIT, Swire Properties, and New World Development, with a positive outlook on Hang Lung Properties as well [1] - The company expects an increase in pricing power for new developments, combined with potential interest rate cuts, leading to significant residential property prices and transaction volumes by the end of the year [1]

Core Viewpoint - UBS indicates that the Hong Kong government's new Policy Address did not meet expectations regarding the reduction of residential stamp duty, and there has been no progress on real estate connectivity or a timetable for REIT connectivity [1] Group 1: Government Policy Impact - The government is accelerating the development of the Northern Metropolis and has included luxury home investments of HKD 30 million to 50 million in the new capital investment immigration scheme [1] - The absence of a public housing purchase plan and the reduction of the White Form allocation for subsidized housing from 60% to 50% are seen as positive signals for the private residential market [1] Group 2: Company Ratings and Expectations - Real estate developers' stock prices are expected to be slightly pressured due to the lack of tax reduction measures, but Henderson Land is likely to perform better than peers due to accelerated land resumption, increased flexibility in land premium payments, and higher plot ratios approved for urban redevelopment projects [1] - UBS maintains a "Buy" rating for Henderson Land with a target price of HKD 29 [1] - Sun Hung Kai Properties may face pressure due to lower dividend yield and the absence of stamp duty reduction, also receiving a "Buy" rating with a target price of HKD 96 [1] - Link REIT and Wharf Real Estate Investment may underperform peers due to limited progress on REIT connectivity and insufficient measures to attract tourists, receiving "Buy" and "Neutral" ratings with target prices of HKD 44.2 and HKD 20 respectively [1]

Market Overview - The Hang Seng Index (HSI) closed at 26,797.18, down by 111.21 points or 0.41% on September 17 [1] - The index reached a high of 26,915.65 and a low of 26,708.53 during the trading session, with a trading volume of 112 million shares [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.373, up by 1.66% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 661.407, down by 0.01% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings (00700) saw an increase of HKD 16.500, or 2.56%, with an ADR price of HKD 661.407, showing a slight decline of HKD 0.093 compared to the Hong Kong market [3] - Alibaba Group (09988) increased by HKD 8.100, or 5.28%, with an ADR price of HKD 161.550, down by HKD 0.050 [3] - Other notable movements include: - Meituan (03690) up by HKD 4.900, or 4.89% [3] - Baidu Group (09888) up by HKD 17.800, or 15.72% [3] - Kuaishou (01024) up by HKD 2.650, or 3.51% [3]