中國儒意控股有限公司（「本公司」）董事會（「董事會」）謹此宣布，本公司將於二零二五年八 月二十五日（ 星期一 ）舉行董事會會議，藉以（ 其中包括 ）批准刊發本公司及其附屬公司截至 二零二五年六月三十日止六個月之中期業績。 承董事會命 中國儒意控股有限公司 董事長 China Ruyi Holdings Limited 中 國 儒 意 控 股 有 限 公 司 （ 於百慕達註冊成立之有限公司） （股份代號：136） 董事會會議日期 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之內容概不負責，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依賴該等內容而引致之任何損失 承擔任何責任。 柯利明 香港，二零二五年八月十三日 於本公告日期，本公司之執行董事為柯利明先生及張強先生；本公司之非執行董事為楊明先生；而本公司之 獨立非執行董事為周承炎先生、聶志新先生、陳海權先生及施卓敏教授。 ...

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7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: 中國儒意控股有限公司 呈交日期: 2025年8月6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) | 00136 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.02 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 100,000,000,000 | HKD | | 0.02 | HKD | | 2,000,000,000 | ...

国际资本的动作不仅反映出对中国经济韧性与转型成果的信心，也表明在全球不确定性仍存的背景下， 中国资产的配置价值正在经历重估。 本报讯(记者昌校宇)今年以来，长线资本加快配置中国资产的步伐，释放出"看好中国"的强烈信号。近 日，香港知名投资机构无极资本(Infini Capital)宣布，拟以39亿港元战略入股港股上市公司中国儒意， 持股比例将达7.51%。 无极资本近期动作频频，以独家认购的方式相继参与多家港股上市公司H股配售。此外，6月份，该机 构还作为基石投资者参与了曹操出行、蓝思科技（300433）的港股IPO。无极资本于今年4月份获得阿 布扎比金融牌照，其双总部分别设于中国香港及阿布扎比，旗下管理多只一级基金、二级基金，尤其是 在中东资本加持下重点布局长期投资。 ...

Core Insights - Infini Capital has actively invested approximately 7.708 billion HKD in three Hong Kong stocks within a short span of two weeks, indicating a strong interest in emerging industries [1] - The firm has a notable track record, having achieved a 96% return rate in 2021, ranking first among Asian hedge funds [2] Investment Activities - On July 17, Infini Capital planned to invest 1.308 billion HKD in Fourth Paradigm (06682), acquiring a 4.98% stake [1] - On July 31, the firm completed a 2.5 billion HKD investment in SenseTime (00020), securing a 4.31% ownership [1] - On the same day, Infini Capital proposed a 3.9 billion HKD investment in China Ruyi (00136), aiming for a 7.51% stake [1] Company Background - Infini Capital was established in 2015 and has dual headquarters in Hong Kong and Abu Dhabi, positioning itself as a leading international asset management company [1] - The founder, Tony Chin To, has a background in investment banking, having worked in the mergers and acquisitions departments of Morgan Stanley and HSBC before founding Infini Capital [1] - Tony Chin To has a strong educational background, having studied economics at the University of Michigan, Ann Arbor [1]

Core Viewpoint - The payment industry is undergoing significant transformation, leading to increased operational challenges for institutions and a more active market for buying and selling [1] Company Summary - China Ruyi (0136.HK) announced the acquisition of a 30% stake in Kuaiqian Financial from Shanghai Wanda Network Financial Services for 240 million yuan, making China Ruyi the largest single shareholder of Kuaiqian Financial [3][6] - The acquisition is expected to create synergies with China Ruyi's existing businesses, including online streaming and gaming services [3] - Kuaiqian Financial's most important asset is Kuaiqian Payment, which was once a leading player in the third-party payment sector but has seen a decline in transaction volume, dropping out of the top twenty in the industry [4][5] - The total valuation of Kuaiqian Payment is estimated at around 800 million yuan, a decrease of approximately 60% from its valuation during Wanda's acquisition in 2014 [6] Industry Summary - The payment industry is facing stricter regulations, making it more challenging for companies to obtain licenses and operate [7] - The core value of Kuaiqian Payment lies in its full payment license and its established merchant resources in key industries such as insurance, aviation, and retail [7] - China Ruyi's revenue for 2024 is reported at 3.671 billion yuan, with a net loss of 207 million yuan, although adjusted net profit increased by 120% year-on-year [8] - Kuaiqian Payment is actively expanding into overseas markets and developing digital RMB services, which may present new opportunities [9]

Core Viewpoint - China Ruyi (00136) experienced a decline of over 3%, trading at 3.02 HKD per share, with a transaction volume of 83.59 million HKD, following the announcement of a subscription agreement with Wujie Capital Management [1] Group 1 - The company announced a subscription agreement with Wujie Capital Management, allowing the latter to conditionally subscribe for a total of 1.3 billion shares at a price of 3.00 HKD per share [1] - The subscription shares represent approximately 7.51% of the company's enlarged issued share capital, assuming no other changes in the issued share capital from the announcement date to the completion date [1] - The subscription price of 3.00 HKD per share reflects a discount of about 4.46% compared to the closing price of 3.14 HKD on July 31, 2025 [1] Group 2 - After deducting related placement agent fees, costs, and expenses, the net proceeds from the subscription are expected to be approximately 3.895 billion HKD [2] - The company plans to allocate the net proceeds as follows: 20% for business growth and expansion, 60% for strategic investments and acquisitions, and 20% for general working capital purposes, including advertising, employee costs, technology development services, and rental costs [2]

消息面上，中国儒意发布公告，于2025年7月31日，公司与认购方(无极资本管理有限公司)订立认购协 议，据此，认购方已有条件同意认购，而公司已有条件同意以认购价每股认购股份3.00港元发行及配发 合共13亿股认购股份；及于2025年8月1日(交易时段前)，公司与配售代理就认购事项订立配售协议，据 此，配售代理已有条件同意按尽力基准促使认购方与公司订立认购协议以按认购价认购认购股份。 智通财经APP获悉，中国儒意(00136)午前跌超3%，截至发稿，跌3.51%，报3.02港元，成交额8359.44万 港元。 经扣除认购事项的相关配售代理费、成本及开支后，认购事项的所得款项净额合共将约为38.95亿港 元。公司拟按下列方式使用认购事项的所得款项净额：20%用于集团业务的增长及扩张；60%用于战略 性投资及收购以扩大集团的业务；及20%用作一般营运资金用途(主要包括支付广告及宣传费用、员工 成本、技术及开发服务费用及租金成本)。 认购股份相当于经配发及发行认购股份扩大的公司已发行股本(假设自本公告日期起至完成日期，除配 发及发行认购股份外，公司已发行股本概无任何变动)约7.51%。认购价为每股认购股份3.00港元 ...

Core Viewpoint - China Ruyi (00136) experienced a decline of over 3% in its stock price, trading at HKD 3.02, following the announcement of a subscription agreement with a subscriber, Wujie Capital Management Limited, for the issuance of 1.3 billion shares at a subscription price of HKD 3.00 per share, representing a discount of approximately 4.46% from the last closing price of HKD 3.14 on July 31, 2025 [1][2] Group 1 - The company announced a subscription agreement with Wujie Capital Management Limited, which conditionally agreed to subscribe for 1.3 billion shares at a price of HKD 3.00 per share [1] - The subscription shares represent approximately 7.51% of the company's enlarged issued share capital, assuming no other changes in the issued share capital from the announcement date until completion [1] - The stock price decline of 3.51% reflects market reaction to the dilution effect of the new share issuance [1] Group 2 - The net proceeds from the subscription are expected to be approximately HKD 38.95 billion after deducting related fees and expenses [2] - The company plans to allocate the net proceeds as follows: 20% for business growth and expansion, 60% for strategic investments and acquisitions, and 20% for general working capital purposes [2] - The general working capital will primarily cover advertising and promotional expenses, employee costs, technology and development services, and rental costs [2]

Group 1 - The core point of the article is that the payment industry in China is undergoing significant transformation, with increased challenges for institutions and a necessity for more active market transactions. China Ruyi's acquisition of a 30% stake in Kuaiqian Financial is a strategic move to enhance its business synergy with existing operations [2][3] - China Ruyi announced the acquisition of Kuaiqian Financial for 240 million yuan, making it the largest single shareholder post-transaction. The deal will be completed in three phases and is expected to create synergies with Ruyi's existing businesses, including online streaming and gaming services [2][3] - Kuaiqian Payment, a key asset of Kuaiqian Financial, was once a leading player in the third-party payment sector but has seen a decline in transaction volume, dropping out of the top twenty in the industry as of 2024 [3][4] Group 2 - Kuaiqian Payment has faced compliance issues, including significant fines for various violations, which have raised concerns about its operational integrity. The company has been penalized multiple times in recent years, indicating ongoing regulatory scrutiny [4][5] - Following the acquisition, Kuaiqian Financial will not be consolidated into China Ruyi's financial statements, despite Ruyi becoming its largest shareholder. The ownership structure of Kuaiqian Financial is fragmented, with multiple shareholders involved [4][5] - The valuation of Kuaiqian Payment has significantly decreased, with the current total valuation estimated at around 800 million yuan, a 60% drop from its valuation at the time of the 2014 acquisition by Wanda Group [5][6] Group 3 - The payment industry is experiencing a contraction in cash-out businesses, and the future profitability of Kuaiqian Payment will depend on its ability to leverage synergies with new shareholders and its existing merchant resources in key sectors [6][7] - China Ruyi's core business includes content production, online streaming, and gaming services, with recent financial results showing a revenue of 3.671 billion yuan in 2024, a 1.2% increase year-on-year, despite a net loss of 207 million yuan [7][8] - The acquisition of Kuaiqian Financial is not the first for China Ruyi, which has previously acquired stakes in Wanda Group's assets, indicating a strategic focus on integrating payment services with its entertainment and gaming operations [7][8]

Group 1 - InnoCare (02577.HK) has partnered with NVIDIA to promote the large-scale implementation of the 800 VDC power architecture in AI data centers, which is designed for efficient power supply in megawatt-level computing infrastructure [1] - The 800 VDC system offers significant advantages over traditional 54V systems in terms of efficiency, thermal loss, and reliability, enabling a 100-1000 times increase in AI computing power [1] - The company's third-generation GaN devices provide a comprehensive power solution from 800V input to GPU terminals, covering a voltage range from 15V to 1200V [1] Group 2 - China Ruyi (00136.HK) received a strategic investment of HKD 3.9 billion from Wuji Capital to accelerate business expansion and acquisition plans [2] - LEPU Biopharma-B (02157.HK) has authorized T-cell connector technology with an upfront payment of USD 10 million and potential milestone payments of up to USD 850 million [2] - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia [2] Group 3 - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of 58% [3] - Great Wall Motors (02333.HK) achieved approximately 104,372 vehicle sales in July, reflecting a year-on-year growth of 14.34% [3] - NIO-SW (09866.HK) delivered 21,017 vehicles in July [3]