Summary of Key Points Core Viewpoint - The company, Yantai Changyu Pioneer Wine Co., Ltd., has approved a share repurchase plan for its B-shares, with a total repurchase amount not exceeding 1 billion RMB and a maximum price of 11.50 HKD per share, subject to adjustments based on corporate actions [2][3]. Group 1: Share Repurchase Plan - The company will repurchase B-shares through centralized bidding, with a repurchase period of up to 12 months from the approval date [2]. - The planned repurchase quantity is between 10 million and 15 million shares, with the final number determined at the end of the repurchase period [2]. - The repurchased shares will be canceled, leading to a reduction in the company's registered capital [2]. Group 2: Adjustments to Repurchase Price - Following a dividend distribution of 4 RMB per 10 shares in June 2025, the maximum repurchase price was adjusted from 11.50 HKD to 11.06 HKD per share [3]. - The adjusted repurchase price limit took effect on June 24, 2025 [3]. Group 3: Progress of Share Repurchase - As of August 31, 2025, the company has repurchased a total of 8,860,000 B-shares, representing approximately 1.32% of the total share capital [5]. - The highest transaction price during the repurchase was 9.00 HKD per share, while the lowest was 8.20 HKD per share, with a total transaction amount of 77,455,523 HKD [5]. Group 4: Compliance and Regulations - The company has adhered to the relevant regulations regarding the timing, quantity, and pricing of the share repurchase [6][8]. - The company has not repurchased shares during periods that could significantly impact the stock price or during other restricted periods as defined by regulatory authorities [7].

For the avoidance of doubt, Actionable Corporate Communications do not include notices of general meetings and proxy forms. The Company will send the printed form of Actionable Corporate Communications to its securities holders individually. 可供採取行動的公司通訊指任何涉及要求本公司的證券持有人指示其擬如何行使其證券持有人的權利或作出選擇的公司通訊。為免生疑問，可供採取行動的公司通訊並不包 括股東大會的通告及代表委任表格。本公司將向其證券持有人個別地寄發可供採取行動的公司通訊印刷本。 MAILING LABEL 郵寄標籤 PERSONAL INFORMATION COLLECTION STATEMENT "Personal Data" in these statements has the same meaning as "personal data" in the Pe ...

根據香港聯合交易所有限公司證券上市規則（「上市規則」）及本公司的組織章程細則，本公司 向本公司股東（「股東」）提供公司通訊 （附註1） 的(i)英文及╱或中文印刷本（「印刷本」）或(ii)以電 子方式透過本公司網站 www.shkco.com 及香港聯合交易所有限公司披露易網站 www.hkexnews.hk （「香港聯交所網站」）供股東閱覽公司通訊（可供採取行動的公司通訊 （附註2） 除外）（「電子版本」）。 現特來函以確定 閣下對收取日後所有公司通訊的意向選擇。在行使 閣下選擇權時，請填妥 及簽署隨附的回條（「回條」），並將回條寄回或親身交回本公司股份過戶登記處卓佳證券登記 有限公司（「過戶登記處」），地址為香港夏愨道16號遠東金融中心17樓。倘若 閣下在香港投寄， 可使用回條內的郵寄標籤寄回，而毋須在信封上貼上郵票；否則，請貼上適當的郵票。 我們鼓勵 閣下選擇電子版本。此舉既有助於保護環境並可促進本公司與股東更具效率的溝通。 閣下如有任何與本函有關的疑問，請在辦公時間內致電本公司電話熱線(852) 2980 1333，辦公 時間為星期一至星期五（香港公眾假期除外）上午9時正至下午5時正。 各位股東： 新 ...

(Incorporated in Hong Kong with limited liability) (Stock Code: 86) （於香港註冊成立之有限公司） （股份代號： 86） By Order of the Board SUN HUNG KAI & CO. LIMITED Lee Sze Wai Company Secretary 各位非登記持有人 （附註） ： NOTIFICATION LETTER 通知信函 3 September 2025 Dear Non-registered holder (Note) , Sun Hung Kai & Co. Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Current Corporate Communication are available on the Company's website at w ...

(Incorporated in Hong Kong with limited liability) (Stock Code: 86) （於香港註冊成立之有限公司） （股份代號： 86） NOTIFICATION LETTER 通知信函 Dear Shareholder, Sun Hung Kai & Co. Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Current Corporate Communication are available on the Company's website at www.shkco.com and the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk. If you have elected to receive corpora ...

中期報告 2025 股份代號 : 0086 關於我們 新鴻基有限公司（香港聯交所股份代號：86）（「新鴻基公司」或 「本公司」，連同其附屬公司「本集團」）是一家領先的香港金融機 構，在另類投資和財富管理領域備受肯定。新鴻基公司成立於 1969年，其多元化的投資組合，涵蓋公開市場、信貸和另類投資 策略（其中包括房地產和私募股權），締造長期經風險調整回報。 憑藉其紮根亞洲的傳承，新鴻基公司支持和培育該地區優秀且具 專業能力的新晉資產管理公司，賦能他們實現卓越表現。新鴻基 公司亦利用其長久以來建立的投資業務專長和豐富資源，透過其 家族辦公室解決方案，為理念一致的合作伙伴和超高淨值投資者 提供量身定製的投資解決方案。截至2025年6月30日，本集團的 資產總值約為377億港元。 目錄 2 管理層討論及分析 18 董事之權益 21 主要股東及其他人士之權益 22 企業管治 23 其他資料 25 簡明綜合財務報表之審閱報告 26 簡明綜合財務報表 30 簡明綜合財務報表附註 51 公司資料 管理層討論及分析 財務摘要1 | | 截至下列日期 | | | 截至 | | --- | --- | --- | --- | --- ...

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8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: | 新鴻基有限公司 | | | 呈交日期: | 2025年9月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 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 1 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) | 00086 | 說明 | | 普通股 | | | | | | | 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 | | | 上月底結存 | | | 1,964,958,493 ...

Core Viewpoint - The company has demonstrated strong financial performance in the first half of 2025, achieving significant growth in revenue and profit despite a challenging global capital market environment [1][3][9]. Financial Performance - Total revenue for the first half of 2025 reached HKD 18.03 billion, with total income at HKD 28 billion, marking a year-on-year increase of 43.47% [1]. - Shareholder profit surged to HKD 887 million, a remarkable increase of 1076% compared to the previous year [1]. - Basic earnings per share were HKD 0.453, with an interim dividend proposed at HKD 0.12 per share [1]. Investment Management Growth - The investment management segment generated HKD 10.35 billion in revenue, a staggering increase of 897% year-on-year, becoming the largest revenue driver for the company [3][5]. - Investment management profits before tax reversed from a loss of HKD 1.475 billion to a profit of HKD 7.856 billion, contributing over 70% of the company's total profit [3][5]. Market Performance - Since the positive earnings announcement in early August, the company's stock price has risen over 20%, and year-to-date, it has increased by 60% [2]. - The company's price-to-earnings ratio (TTM) has expanded to approximately 7 times, with a net price-to-earnings ratio exceeding 21.88 times, reflecting a revaluation by institutional investors [2]. Business Strategy and Ecosystem - The company has built a robust alternative investment ecosystem that has shown resilience across economic cycles, effectively transforming market volatility into excess returns [3][9]. - The synergy between credit and fund management has provided a stable cash flow of HKD 17.26 billion, acting as a stabilizing force amid market fluctuations [10][11]. Fund Management and Capital Flow - The total assets under management for the fund management business reached USD 2.6 billion, driven by strong net cash inflows and market performance [12][13]. - The company has shifted from a self-capital-driven model to a third-party capital-driven approach, increasing external investor capital from 79.9% to 85% [15][16]. Valuation and Market Position - The company's valuation is undergoing a significant transformation, reflecting its transition from a traditional credit institution to an ecological asset management platform [17][18]. - The core valuation premium is attributed to the restructuring of revenue models, the establishment of ecological barriers, and the ability to generate excess returns in volatile markets [17].

Core Viewpoint - The company has demonstrated strong financial performance in the first half of 2025, achieving significant growth in revenue and profit despite a challenging global capital market environment [1][3][17]. Financial Performance - Total revenue for the first half of 2025 reached HKD 18.03 billion, with total income at HKD 28 billion, marking a year-on-year increase of 43.47% [1]. - Shareholder profit surged to HKD 887 million, a staggering increase of 1076% compared to the previous year [1]. - Basic earnings per share were HKD 0.453, with an interim dividend proposed at HKD 0.12 per share [1]. Investment Management Growth - The investment management segment generated HKD 10.35 billion in revenue, a remarkable increase of 897%, becoming the largest revenue driver for the company [3][5]. - Investment management profits before tax reversed from a loss of HKD 1.475 billion to a profit of HKD 7.856 billion, contributing over 70% of the company's total profit [3][5]. Market Performance - Since the announcement of positive earnings in early August, the company's stock price has risen over 20%, and year-to-date, it has increased by 60% [2]. - The company's price-to-earnings ratio (TTM) has expanded to around 7 times, with a net price-to-earnings ratio exceeding 21.88 times, reflecting a revaluation by institutional investors [2]. Business Structure and Strategy - The company has established a robust alternative investment ecosystem, showcasing resilience across economic cycles [3][9]. - The credit and fund business contributed HKD 17.26 billion in revenue, providing essential stability amid market volatility [10][11]. - The company has shifted from a self-capital-driven model to a third-party capital-driven strategy, increasing external investor capital from 79.9% to 85% [15][16]. Ecosystem and Collaboration - The company emphasizes collaboration with external private equity general partners and third-party funding to enhance resource support and strategic guidance [7][15]. - The private equity segment has become a key area for value realization, contributing HKD 5.82 billion in revenue, driven by successful exit projects [8][9]. Future Outlook - The company's valuation restructuring is seen as the beginning of a value discovery process, reflecting its transition from a traditional credit institution to an ecological asset management platform [17][18]. - The integrated model of stable cash flow from credit, excess returns from investment management, and future growth from fund management positions the company as a leading choice for global capital allocation in Asian alternative assets [18].

【财华社讯】新鸿基公司(00086.HK)公布，截至2025年6月30日止六个月，总收入约18.03亿港元，同比 减少3.96%；公司股东应占溢利8.87亿港元，同比增加1076.39%；基本每股盈利45.3港仙。拟派中期股 息每股12港仙。 期內，公司股东应占溢利同比增加10倍以上，主要由投资管理业务所带动，得益于项目的退出增加以及 市场对中国相关资产的情绪转趋乐观，该业务实现可观收益。 本文源自：财华网 ...