中国儒意(00136)发布公告，有关发行于2027年到期的25.74亿港元零息可换股债券，认购协议项下的所 有先决条件已获达成，而本金总额25.74亿港元的债券已于2026年2月2日完成发行。 ...

本公告僅供參考，並非出售任何證券之要約或購買任何證券之要約邀請，而本公告或其任何內容亦不構成任 何合約或承諾的基礎。本公告或其任何副本不可攜入美國或於美國境內分發。本公告所載資料不得直接或間 接於或向美國（ 包括其領土及屬地、美國任何州以及哥倫比亞特區 ）派發。本公告並不構成或成為於美國購買 或認購證券的任何要約或邀請的一部分。本公告所述債券並未及將不會根據證券法登記。除非債券已根據證 券法的登記規定登記或獲豁免登記，否則將不得於美國提呈發售或出售。有關提呈發售不會於美國作出。 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份內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 茲 提 述 中 國 儒 意 控 股 有 限 公 司（「 本 公 司 」）日 期 為 二 零 二 六 年 一 月 二 十 七 日 的 公 告（「 該 公 告」），內容有關建議發行債券。除另有界定外，本公告所用詞彙與該公告所界定者具有相 同涵義。 董事會欣然宣佈，認購協議項下的所有先決條件已獲達成，而本金總額2,574百萬港元的債 券 ...

中国儒意(0136.HK)拟发行2027年到期25.74亿港元零息可换股债券，净额预计约为25.48亿港元，当中约 23.27%用于偿还集团债务；约14.36%用作购买北京永航科技有限公司30%股权的部分代价；约20.02% 用于战略投资及收购，以扩展集团业务；约15.31%用于集团 游戏业务的营运需要；及约27.04%用于流 媒体平台的剧集。债券的初始换股价为每股2.6港元，较昨日收市价2.26港元溢价15.04%；若悉数转 换，债券将可转换约9.9亿股股份，相当于扩大后股本约5.56%。 ...

Core Viewpoint - China Ruyi (00136.HK) has entered into a subscription agreement with Deutsche Bank Hong Kong Branch to issue HKD 2.574 billion zero-coupon convertible bonds due in 2027, which will convert into approximately 990 million shares, representing about 5.89% of the existing issued share capital as of the announcement date [1]. Group 1 - The total principal amount of the bonds to be issued is HKD 2.574 billion [1]. - The net proceeds from the bond issuance are expected to be approximately HKD 2.548 billion after deducting fees, commissions, and other related expenses [1]. - The initial conversion price is set at HKD 2.6 per share [1]. Group 2 - The intended use of the net proceeds includes: - Approximately 23.27% for repaying group debt [1]. - Approximately 14.36% for part of the cost to acquire a 30% stake in Beijing Yonghang Technology Co., Ltd. [1]. - Approximately 20.02% for strategic investments and acquisitions to expand the group's business [1]. - Approximately 15.31% for operational needs of the group's gaming business [1]. - Approximately 27.04% for content production on the streaming platform [1].

发行债券的所得款项总额为25.74亿港元。扣除费用、佣金及其他相关开支后，发行债券的所得款项净 额预计合共约为25.48亿港元，按初步换股价计算，相当于净发行价每股换股股份约2.574港元。公司拟 将债券的所得款项净额按以下方式使用：(i)约23.27%用于偿还集团债务;(ii)约14.36%用作购买北京永航 科技有限公司30%股权的部分代价;(iii)约20.02%用于战略投资及收购，以扩展集团业务;(iv)约15.31%用 于集团游戏业务的营运需要;及(v)约27.04%用于流媒体平台的剧集。 中国儒意(00136)发布公告，于2026年1月26日(交易时段后)，公司与独家牵头经办人订立认购协议，据 此(其中包括)独家牵头经办人已同意认购及支付或促使认购及支付公司将予发行之本金总额25.74亿港元 的债券，惟须遵守认购协议所载的条款及条件。根据初始换股价每股2.6港元及假设债券按初始换股价 悉数转换，债券将可转换为约9.9亿股股份，相当于公司于本公告日期现有已发行股本的约5.89%。 ...

Core Viewpoint - China Ruyi (00136) has entered into a subscription agreement with the lead underwriter to issue bonds totaling HKD 2.574 billion, which can be converted into approximately 990 million shares, representing about 5.89% of the company's existing issued share capital [1] Group 1: Bond Issuance Details - The total principal amount of the bonds to be issued is HKD 25.74 billion, subject to the terms and conditions of the subscription agreement [1] - The estimated net proceeds from the bond issuance, after deducting expenses, commissions, and other related costs, is approximately HKD 25.48 billion, equating to a net issue price of about HKD 2.574 per share [1] Group 2: Use of Proceeds - Approximately 23.27% of the net proceeds will be used to repay group debt [1] - About 14.36% will be allocated for part of the cost to acquire a 30% stake in Beijing Yonghang Technology Co., Ltd [1] - Approximately 20.02% will be used for strategic investments and acquisitions to expand the group's business [1] - Around 15.31% will be utilized for operational needs of the group's gaming business [1] - About 27.04% will be directed towards the production of series for the streaming platform [1]

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份內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 本公告僅供參考，不構成要約收購、購買或認購證券之邀請或招攬，或訂立協議進行任何前述者之邀請，且 不可視為邀請提出收購、購買或認購任何證券的要約。 本公告不會直接或間接於或向美國（ 包括其領土及屬地、美國任何州以及哥倫比亞特區）派發。本公告及其所 載資料並不構成或組成在美國購買、認購或出售證券的任何要約或招攬。證券未曾及將不會根據一九三三年 《美國證券法（》 經修訂（）「證券法」）或美國任何州或其他司法權區的證券法登記。證券會基於證券法S規例（「S 規例」）在美國境外發售及出售，而未根據證券法辦理登記或獲得豁免登記的情況下不可在美國境內發售或出 售。證券將不會在美國或限制或禁止有關公開發售的任何其他司法權區進行有關公開發售。本公告或其所載 資料並無索取金錢、證券或其他代價，而倘為回應本公告或其所載資料而發出金錢、證券或其他代價亦不會 獲接納。 China Ruyi Holdings Limited 中 國 ...

Group 1 - The company ST Mingchen (600136.SH) expects to achieve a net profit attributable to shareholders of the listed company ranging from -19 million to -9.5 million yuan for the year 2025 [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -37 million and -27.5 million yuan [1]

Group 1 - The top three companies with net inflow of southbound funds are SMIC (00981) with 458 million, Sanhua Intelligent Control (02050) with 405 million, and Hua Hong Semiconductor (01347) with 390 million [1] - The top three companies with net outflow of southbound funds are China Mobile (00941) with -601 million, UBTECH (09880) with -516 million, and Sanofi (01530) with -357 million [1] - In terms of net inflow ratio, Haitian Flavoring (03288) leads with 76.61%, followed by Southern Hong Kong Stock Connect (03432) with 62.50%, and CIMC (02039) with 59.57% [1] Group 2 - The top ten companies by net inflow include Tencent Holdings (00700) with 272 million and Alibaba-W (09988) with 263 million [2] - The top ten companies by net outflow include Meituan-W (03690) with -287 million and Bilibili-W (09626) with -242 million [2] - The top three companies with the highest net outflow ratio are Dekang Agriculture (02419) at -50.69%, Sanofi (01530) at -47.05%, and Jianfa International Group (01908) at -45.45% [3]

Market Performance - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% to 26,487.51 points, the Hang Seng Tech Index down 1.16% to 5,683.44 points, and the National Enterprises Index decreasing by 0.43% to 9,094.76 points [1] - Major technology stocks generally declined, with Alibaba down 0.44%, Tencent down 1.48%, and Xiaomi down 2.74%, while JD.com saw a slight increase of 0.09% [1] - New consumption concept stocks performed well, with Pop Mart rising by 9% and Naixue's Tea increasing by over 4% [1] Corporate News - Codex-B (02487.HK) reported positive top-line results from a Phase III clinical trial for CU-20101, an injectable botulinum toxin type A for moderate to severe glabellar lines [2] - Saint Bella (02508.HK) entered a strategic cooperation framework agreement with Cloudwise Technology to explore the integration of AI and robotics in high-demand home care scenarios [2] Profit Forecasts - China Taiping (00966.HK) expects a net profit increase of approximately 215% to 225% in 2025, compared to 8.432 billion HKD in the previous year [3] - TCL Electronics (01070.HK) anticipates an adjusted net profit of approximately 2.33 billion to 2.57 billion HKD in 2025, representing a growth of 45% to 60% [3] - Jihong Co. (02603.HK) forecasts a net profit of approximately 273 million to 291 million RMB in 2025, a year-on-year increase of 50% to 60% [3] - Guolian Minsheng (01456.HK) expects a net profit of 2.008 billion RMB in 2025, a growth of around 406% [3] - China Railway (00390.HK) reported a new contract amount of 1,165.98 billion RMB in Q4 2025, with a cumulative new contract amount of 2,750.9 billion RMB, a year-on-year growth of 1.3% [3] Sales and Revenue - Shenzhen Holdings (00604.HK) anticipates a total contract sales amount of approximately 13.311 billion RMB in 2025, a decrease of 21.55% [4] - SF Holding (06936.HK) reported a total revenue of 27.339 billion RMB in December from its logistics, supply chain, and international businesses, reflecting a year-on-year growth of 3.41% [5] Institutional Insights - Dongwu Securities noted that the Hong Kong market is in a long-term upward trend but faces short-term challenges, with strong consensus on domestic fundamentals but mixed views on overseas factors [9] - Huaxia Fund emphasized the high sensitivity of the Hong Kong market to corporate earnings and macroeconomic data, suggesting that positive economic surprises could significantly boost market expectations [10] - Tianfeng Securities highlighted that the Hong Kong market has the foundation for a rebound due to valuation recovery and sentiment improvement, but upward momentum may be constrained by high overseas interest rates [10] - Huaxi Securities pointed out that the "AI+" logic is catalyzing valuation optimization in the Hong Kong market, with a focus on internet, technology, and emerging consumption sectors [10]