Summary of Key Points Core Viewpoint - *ST WanFang (000638) has experienced a significant decline in stock price, raising concerns about potential control changes and risks of forced delisting due to ongoing investigations and financial performance issues [1][3]. Trading Information - As of November 7, 2025, *ST WanFang closed at 6.77 yuan, down 5.05%, with a trading volume of 415,500 shares and a turnover of 28.2 million yuan [1]. - The stock has seen a continuous decline for three days, with two out of the last five trading days experiencing declines exceeding 5% [1][3]. - Over the past ten trading days, there has been a cumulative net outflow of 106 million yuan from major funds, despite a 17.94% increase in stock price during that period [1]. Fund Flow - On November 7, 2025, major funds saw a net inflow of 5.26 million yuan, marking an end to the recent trend of net outflows [1][3]. - Retail investors contributed a net inflow of 712,100 yuan, while speculative funds experienced a net outflow of 5.98 million yuan [1]. Company Announcements - The stock has triggered an abnormal trading fluctuation due to a cumulative price drop of 15.61% over three consecutive trading days [1][3]. - The company confirmed that there are no undisclosed matters affecting its operations, but there is a risk of control change due to the potential liquidation of 90.86 million shares held by the controlling shareholder [1]. - The company is under investigation by the China Securities Regulatory Commission for alleged violations of information disclosure, which poses a significant risk of forced delisting [1][3]. - For the first three quarters of 2025, the company reported a net profit of -8.59 million yuan, with a price-to-earnings ratio significantly higher than the industry average [1].

Core Viewpoint - *ST WanFang (000638.SZ) experienced an abnormal stock price fluctuation, with a cumulative closing price increase of 16.73% over three consecutive trading days (October 31, 2025, November 3, 2025, and November 4, 2025) [1] Summary by Relevant Sections - Stock Price Movement - The stock price of *ST WanFang has shown a significant increase, with a cumulative rise of 16.73% over the specified trading days, indicating unusual trading activity [1] - Market Speculation - The company has noted that recent market rumors regarding a potential change in control have led to excessive interpretation and speculation, contributing to the abnormal stock price volatility [1]

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中亞烯谷集團有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 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) | 00063 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.05 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.05 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD ...

Core Viewpoint - *ST WanFang (000638.SZ) announced the early termination of the share reduction plan by Shuangyang Rural Commercial Bank, which has reduced its holdings by 3,113,800 shares, accounting for 1.00% of the company's total share capital [1] Summary by Relevant Sections - **Share Reduction Plan** - Shuangyang Rural Commercial Bank decided to terminate its share reduction plan ahead of schedule [1] - As of the announcement date, the bank has cumulatively reduced its holdings by 3,113,800 shares [1] - The reduction was executed entirely through centralized bidding, representing 1.00% of the company's total share capital [1]

Core Insights - Alloy Investment reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 65.71 million yuan, a year-on-year growth of 21.61%, and net profit attributable to shareholders soaring to 2.68 million yuan, marking a staggering increase of 4985.25% [1][2]. Financial Performance - Q3 2025 revenue: 65.71 million yuan, up 21.61% year-on-year [2]. - Net profit attributable to shareholders for Q3 2025: 2.68 million yuan, up 4985.25% year-on-year [1][2]. - Year-to-date revenue for the first three quarters: 230 million yuan, up 54.61% year-on-year [1][2]. - Year-to-date net profit for the first three quarters: 7.26 million yuan, up 124.87% year-on-year [1][2]. Earnings Metrics - Basic earnings per share for Q3 2025: 0.0070 yuan, an increase of 6900.00% [2]. - Diluted earnings per share for Q3 2025: 0.0070 yuan, an increase of 6900.00% [2]. - Year-to-date basic earnings per share: 0.0188 yuan, up 123.81% [2]. - Year-to-date diluted earnings per share: 0.0188 yuan, up 123.81% [2]. Cash Flow and Return Ratios - Net cash flow from operating activities for the first three quarters: 17.06 million yuan, up 3989.77% [2]. - Weighted average return on equity for Q3 2025: 1.37%, an increase of 1.34 percentage points [2]. - Weighted average return on equity year-to-date: 3.77%, an increase of 1.98 percentage points [2]. Market Performance - Alloy Investment's stock price increased by 2.71% to 6.82 yuan, with a market capitalization of 2.6 billion yuan [1][3].

Core Insights - The non-ferrous metal sector is experiencing significant price increases, particularly in copper and gold, leading to stock price surges for major companies like Tongling Nonferrous Metals and Jiangxi Copper [1][2] Group 1: Company Performance - Tongling Nonferrous Metals reported a 20% cumulative deviation in stock price over three trading days, indicating abnormal trading activity, but confirmed that there are no significant changes in its operational environment [1] - Jiangxi Copper also noted a 20% cumulative deviation in stock price, with its production activities remaining normal [2] - In the first half of the year, Tongling Nonferrous Metals achieved a revenue of 76.08 billion yuan and a net profit of 1.441 billion yuan [1] Group 2: Market Trends - The prices of key products, including cathode copper and gold, have seen substantial increases recently, contributing to the stock price movements of the companies [1][2] - In the first half of 2025, Jiangxi Copper's net profit reached 4.175 billion yuan, marking a year-on-year growth of 15.42% [3] - International gold prices have recently surpassed 4,000 USD per ounce, driven by factors such as U.S. government shutdown concerns, expectations of interest rate cuts, and ongoing global central bank gold purchases [3]

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: 中亞烯谷集團有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 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) | 00063 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.05 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.05 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD 1 ...

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 72,744,000, representing a 70.5% increase from HKD 42,705,000 in the same period of 2024[9] - Operating profit for the period was HKD 15,578,000, slightly up from HKD 15,544,000 in 2024, indicating stable operational performance[9] - Net profit for the period was HKD 2,223,000, down 33.5% from HKD 3,349,000 in the previous year[11] - Total comprehensive income for the period was HKD 1,233,000, a decrease of 59.9% compared to HKD 3,068,000 in 2024[11] - Basic and diluted earnings per share were HKD 0.03, down from HKD 0.10 in the same period last year[11] - The total segment profit for the six months was HKD 6,004,000, compared to HKD 13,166,000 in the previous year, indicating a decrease of 54.4%[36] - The company reported a pre-tax profit of HKD 2,228,000 for the six months ended June 30, 2025[36] - The profit attributable to owners for the six months ended June 30, 2025, was HKD 2,223,000, down from HKD 3,673,000 in the same period of 2024, representing a decline of 39.5%[53] Assets and Liabilities - Non-current assets totaled HKD 987,965,000 as of June 30, 2025, a slight decrease from HKD 1,005,764,000 at the end of 2024[14] - Current assets increased to HKD 90,803,000 from HKD 69,500,000, reflecting improved liquidity[14] - Total liabilities remained stable at HKD 323,752,000 compared to HKD 321,105,000 in December 2024[14] - Total assets as of June 30, 2025, amounted to HKD 1,078,768,000, a slight increase from HKD 1,075,264,000 at the end of 2024[39] - Total liabilities increased to HKD 586,771,000 from HKD 584,500,000 in 2024, reflecting a marginal rise of 0.4%[39] - The group recorded a net current liability of approximately HKD 172,216,000 as of June 30, 2025, raising significant doubts about its ability to continue as a going concern[20] - The controlling shareholder has agreed to provide sufficient funds to cover the group's maturing debts, amounting to approximately HKD 40,840,000, for at least the next twelve months[21] - The group expects to have adequate financial resources to meet its debts maturing within the next twelve months based on projected cash flows[20] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2025, was HKD 44,692,000, compared to a net cash used of HKD 14,856,000 in the same period of 2024[17] - The net cash used in investing activities was HKD 2,973,000 for the six months ended June 30, 2025, significantly improved from HKD 300,042,000 in the prior year[17] - Financing activities resulted in a net cash outflow of HKD 35,561,000 for the six months ended June 30, 2025, compared to a net inflow of HKD 291,301,000 in the same period of 2024[17] - The cash and cash equivalents increased by HKD 6,158,000 during the six months ended June 30, 2025, compared to a decrease of HKD 23,597,000 in the same period of 2024[17] Revenue Breakdown - Revenue from property investment under leasing agreements amounted to HKD 54,784,000, up from HKD 26,567,000 in 2024, indicating a growth of 106.5%[31] - The construction services segment generated revenue of HKD 1,771,000, marking the introduction of this new business line in the second half of 2024[31] - The gardening services and plant sales segment reported revenue of HKD 3,278,000, an increase from HKD 3,043,000 in 2024, reflecting a growth of 7.7%[31] - The property management and related services segment earned HKD 9,009,000, slightly down from HKD 9,639,000 in 2024, showing a decline of 6.5%[31] - Rental income from investment properties rose by approximately 28,663,000 HKD or 95.5% to about 58,686,000 HKD, primarily due to the commencement of subleasing operations at the Silicon Valley Industrial Park[77] Investment Properties - The fair value of investment properties in Hong Kong was reported at HKD 355,500,000 as of June 30, 2025, compared to HKD 355,000,000 as of December 31, 2024[27] - The group adopted the income approach for valuing residential units in Hong Kong, using capitalization rates and average monthly rent per square foot as key inputs[28] - The group has not experienced significant changes in its valuation methods for investment properties during the reporting period[28] - The fair value of investment properties as of June 30, 2025, is approximately HKD 355,500,000, an increase from HKD 355,000,000 as of December 31, 2024, reflecting a fair value gain of HKD 7,000,000[56] Shareholder Information - Major shareholder Central Asia Holdings Group Limited holds 3,812,395,735 shares, representing 60.01% of the company's ordinary shares[111] - Li Jun and Zhongjun Holdings Group Limited each hold 951,500,000 shares, accounting for 14.98% of the company's ordinary shares[111] - Xiong Guoqiang and Xuhong International Limited each hold 597,600,000 shares, representing 9.41% of the company's ordinary shares[111] Corporate Governance - The audit committee reviewed the interim report and confirmed compliance with relevant accounting standards and regulations[118] - The company has adhered to all provisions of the corporate governance code, except for the separation of the roles of chairman and CEO[115][117] - The board expresses gratitude to shareholders, business partners, and employees for their support and efforts during the reporting period[120]

CHINA ASIA VALLEY GROUP LIMITED 中 亞 烯 谷 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號: 63) 30 September 2025 Dear non-registered shareholder(s), China Asia Valley Group Limited (the "Company") Notice of publication of the Company's 2025 Interim Report (the "Current Corporate Communication") and Arrangement of Electronic Dissemination of Corporate Communications The Current Corporate Communication of the Company have been published in English and Chinese langua ...

CHINA ASIA VALLEY GROUP LIMITED 中 亞 烯 谷 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號: 63) Dear Shareholder(s), If the Company does not receive a functional email address in your reply, until such time that the functional email address is provided to the Share Registrar, you may (i) be unable to receive any notifications regarding the publication of Corporate Communications; (ii) need to proactively check the Company's website and the HKEXnews website to keep ...