Core Viewpoint - Zhongneng Electric has decided to terminate its major asset restructuring plan involving the acquisition of a 65% stake in Shandong Dacheng Electric Co., Ltd. and related debt claims, following a thorough due diligence process and communication with relevant intermediaries [1][2]. Group 1: Termination of Restructuring - The company announced the termination of the major asset restructuring plan on December 31, 2025, after previously approving the acquisition at board meetings on December 5 and December 23, 2025 [1]. - The decision to terminate was made after careful consideration and the conclusion that the company would not participate in the bidding for the target company's equity and debt claims, with no deposit paid [2]. - The public listing process for the target company has concluded, and the stake has been acquired by other qualified bidders [2]. Group 2: Impact on Business - The termination of the restructuring will not have a significant adverse impact on the company's normal business operations and production activities, nor will it harm the interests of the company and minority shareholders [2]. - The company remains committed to its strategic goals and will continue to carry out its operational management activities in an orderly manner [2]. Group 3: Market Information - As of the latest market data, Zhongneng Electric's stock price is reported at 9.08 yuan per share, with a total market capitalization of 5.72 billion yuan [3].

（於百慕達註冊成立之有限公司） （股份代號：62） 持續關連交易 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。 TRANSPORT INTERNATIONAL HOLDINGS LIMITED （載通國際控股有限公司）* 於2025年12月30日，KTRE（本公司全資附屬公司）及TRL訂立以下協議：- 於2022年12月29日，KTRE及TRL(i)與SHKRE(SL)訂立了一份辦公處所租賃管理 協議，據此SHKRE(SL)獲委任為發展項目中辦公處所單位的獨家市場推廣及租賃 代理及管理人（「2023-2025辦公租賃管理協議」）；(ii)與SHKRE(SL)訂立了一份零 售處所租賃管理協議，據此SHKRE(SL)獲委任為發展項目中零售處所單位及泊車 位的獨家市場推廣及租賃代理及管理人（「2023-2025零售租賃管理協議」）；及(iii) 與KSMS訂立了一份物業管理協議，據此KSMS獲委任為發展項目中辦公╱零售 處所單位的物業經理（「2023-20 ...

Group 1: Institutional Research and Market Performance - A total of 165 listed companies disclosed institutional research records during the week of December 15-19, with approximately half achieving positive returns [1] - The stock with the highest increase from institutional research was Zhenyou Technology, which rose by 21.89%, while nine other companies, including Aerospace Intelligence and Hongmian Co., saw gains exceeding 10% [1] - Popular stocks included Chang'an Automobile, Yipin Hong, and Boying Special Welding, with Chang'an receiving the most institutional investors [1] Group 2: Chang'an Automobile's L3 Approval - Chang'an Automobile received approval for its L3-level conditional autonomous driving model, with 214 institutions participating in its research [2] - The approved model, Deep Blue SL03, will be tested in designated areas of Beijing and Chongqing [2] - Chang'an's L3 capability development began in 2017, with the application for approval submitted in November 2023 [3][4] Group 3: Safety and Commercialization of L3 Technology - The approved model is equipped with advanced 4D imaging millimeter-wave radar, which can replace laser radar under certain conditions [4] - Chang'an plans to limit the autonomous driving speed to 0-50 km/h based on user scenarios and safety considerations [5] - The company aims to complete safety verification and promote industry standards rather than pursuing the technical upper limit [5] Group 4: Boying Special Welding's Institutional Interest - Boying Special Welding hosted four institutional research sessions during the week, with 107 institutions participating [6] - The company focuses on special equipment manufacturing, particularly in anti-corrosion and anti-wear welding equipment for various industrial sectors [6] - Boying Special Welding has developed core technologies for high-frequency oscillation welding, addressing industry pain points in sectors like waste incineration and biomass power generation [6] Group 5: Yipin Hong's Share Sale - Yipin Hong conducted research with 119 institutions following its announcement to sell shares in Arthrosi [8] - Post-transaction, Yipin Hong will retain 100% rights to AR882 in China and priority rights for global production supply [8] - The transaction is expected to close in the first quarter of 2026 after U.S. antitrust approval [8]

Summary of Key Points Core Viewpoint - This week, 165 listed companies disclosed institutional research records, with about half of the companies experiencing positive returns, indicating a mixed performance in the market. Group 1: Institutional Research and Stock Performance - The highest performing stock from institutional research this week was Zhenyou Technology, which increased by 21.89%, while nine other companies, including Aerospace Intelligence and Hongmian Co., saw gains exceeding 10% [1][8]. - Popular stocks this week included Changan Automobile, Yipin Hong, and Boying Special Welding, with Changan receiving the most institutional investors, totaling 214 [1][10]. Group 2: Changan Automobile's L3 Approval - Changan Automobile received approval for the first batch of L3 conditional autonomous driving vehicle licenses from the Ministry of Industry and Information Technology on December 15, allowing its model, Deep Blue SL03, to conduct road trials in designated areas [10][11]. - The company began its L3 autonomous driving capability research in 2017, with applications starting in 2021, and plans to conduct pilot applications in the first quarter of 2026 [11][13]. Group 3: Boying Special Welding's Technology and Operations - Boying Special Welding hosted four institutional research sessions this week, focusing on its core technology in anti-corrosion and wear-resistant welding equipment, which is widely used in various industrial sectors [5][14]. - The company has developed digital pulse MIG high-frequency oscillation welding technology, which is suitable for high-temperature and corrosive environments, and operates a production line in Vietnam for heat recovery steam generators (HRSG) [6][15]. Group 4: Yipin Hong's Share Sale - Yipin Hong announced plans to sell its stake in Arthrosi, retaining 100% rights to the AR882 drug pipeline in China and priority for global production supply rights [7][16]. - The transaction is expected to be completed in the first quarter of 2026, following U.S. antitrust filings, and the company has significant production facilities to support the supply of AR882 [16].

Core Viewpoint - Tianmao Industrial Group Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for failing to disclose periodic reports on time, raising significant concerns about its compliance with information disclosure regulations [1][5][6]. Group 1: Investigation Details - The CSRC issued a notice of investigation on May 6, 2025, due to the company's failure to disclose its 2024 annual report and 2025 Q1 report as scheduled [1][5]. - The company announced on April 28, 2025, that it could not meet the disclosure deadline, which led to a risk warning for its stock, changing its name to "*ST Tianmao" starting July 8, 2025 [2][6]. - Following this, the company announced plans to voluntarily terminate its listing, with the application currently accepted by the Shenzhen Stock Exchange [2][6]. Group 2: Investor Compensation - Investors who purchased *ST Tianmao (000627) shares before April 28, 2025, and sold or still hold the shares after April 29, 2025, may be eligible for compensation [2][6]. - Additionally, investors who bought shares between January 1, 2021, and April 28, 2025, and sold or still hold them after April 29, 2025, may also qualify for compensation [2][6]. Group 3: Required Documentation for Claims - Investors need to provide original trading statements for *ST Tianmao (000627) shares, stamped by the brokerage, showing all transactions from the first purchase to the current date [3][7]. - A copy of the investor's ID (front and back) and a securities account inquiry form issued by the brokerage are also required [7][8].

Core Viewpoint - Zhongneng Electric (300062) plans to acquire equity and debt from three companies, aiming to enhance its market position in the power industry through strategic mergers and acquisitions [1][3][5] Group 1: Acquisition Details - Zhongneng Electric intends to purchase 65% equity and associated debts from Shandong Dachai Electric Co., Ltd. (CNY 96.3169 million), Shandong Dachai High Voltage Switch Co., Ltd. (CNY 114 million), and Shandong Waterfa Chixiang Electric Co., Ltd. (CNY 81.6871 million) [3][4] - The acquisition will be executed through cash payment, with the total transaction price subject to the final bidding results at the Shandong Property Rights Exchange [4] - The acquisition is expected to be classified as a major asset restructuring under the regulations for listed companies [4] Group 2: Financial Performance of Target Companies - Shandong Dachai Electric Co., Ltd. reported a loss of CNY 30.8315 million for the period from January to October 2025, while Shandong Dachai High Voltage Switch Co., Ltd. incurred a loss of CNY 14.1375 million during the same period [4] Group 3: Strategic Rationale - The target companies specialize in the research, production, and sales of high voltage transformers and switches, primarily serving major clients in the power industry, including the State Grid [5] - The acquisition is aligned with Zhongneng Electric's strategy to expand its product offerings in the high voltage sector, enhance market share, and improve overall competitiveness through synergies [5]

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 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 公司名稱: 載通國際控股有限公司 呈交日期: 2025年12月3日 | 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) | 00062 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 600,000,000 | HKD | | 1 | HKD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 600,000,000 | HKD | | 1 | HKD | | 600,000,000 | 本月底法定/註冊股本總額： HKD 600,000,000 FF301 第 1 頁 ...

Core Insights - The opening ceremony of the Shanghai Hongqiao Aloft Hotel, a collaboration between Golden Eagle Asia and Marriott International, marks a significant milestone in Golden Eagle Asia's expansion into Shanghai and enhances the strategic layout in the Yangtze River Delta region [1][2] Group 1: Company Expansion and Strategy - Golden Eagle Asia aims to create high-quality urban living spaces and has projects spanning from Kuala Lumpur to Beijing, Shanghai, and Zhongshan, promoting urban development through multi-format collaboration [2] - The Shanghai Hongqiao Aloft Hotel is positioned as a key business travel facility within the Perfect Business Center, located in the core area of the Hongqiao hub, enhancing business accessibility and significance for future development [4] Group 2: Hotel Features and Offerings - The hotel features a design inspired by aviation, incorporating technology and aesthetics, with 295 "Loft" guest rooms and suites, approximately 1,000 square meters of meeting space, and various dining and social facilities [10] - The hotel aims to provide a vibrant and creative urban space for guests, focusing on personalized service and a dynamic social atmosphere, catering to the needs of modern international travelers [7] Group 3: Future Development and Impact - The opening of the Shanghai Hongqiao Aloft Hotel signifies the launch of the Perfect Business Center, which will serve as a new urban landmark integrating business, leisure, and culture, contributing to sustainable regional development [13]

Core Points - The company Zaitong (00062.HK) announced the exercise of stock options to issue 100,000 shares on November 27, 2025, under the stock option plan adopted on May 26, 2016 [1]

表格類別： 股票 狀態： 新提交 公司名稱： 載通國際控股有限公司 呈交日期： 2025年11月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00062 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存 ...