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: 建滔集團有限公司 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) | 00148 | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | | 本月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | | 200,00 ...

Group 1 - Hallgain Management Limited increased its stake in Kwan Hung Holdings Limited (建滔集团) by purchasing 1.045 million shares at an average price of HKD 28.4105 per share, totaling approximately HKD 29.689 million [1] - Following the purchase, Hallgain Management Limited's total shareholding rose to 481,335,200 shares, increasing its ownership percentage from 43.33% to 43.42% [1]

Core Insights - Hallgain Management Limited increased its stake in Kwan Tong Group (00148) by purchasing 1.045 million shares at a price of HKD 28.4105 per share, totaling approximately HKD 29.689 million [1] - Following this acquisition, Hallgain's total shareholding in Kwan Tong Group reached approximately 481 million shares, representing a holding percentage of 43.42% [1]

Group 1 - Hallgain Management Limited increased its stake in Kwan Tong Group (00148) by acquiring 1.045 million shares at a price of HKD 28.4105 per share, totaling approximately HKD 29.689 million [1] - Following the acquisition, Hallgain Management Limited's total shareholding in Kwan Tong Group reached approximately 481 million shares, representing a holding percentage of 43.42% [1]

Core Insights - Hallgain Management Limited increased its stake in Kwan Tong Group (00148) by acquiring 1.026 million shares at an average price of 27.6395 HKD per share, totaling approximately 28.3581 million HKD [1] - Following this acquisition, Hallgain Management's total shareholding in Kwan Tong Group reached approximately 479 million shares, representing a 43.24% ownership stake [1]

Core Viewpoint - Hallgain Management Limited has increased its stake in Kwan Tong Group (00148) by purchasing 400,000 shares at an average price of 26.5969 HKD per share, totaling approximately 10.6388 million HKD, raising its ownership to about 477 million shares, which represents 43.05% of the company [1] Summary by Category - **Share Purchase Details** - Hallgain Management Limited acquired 400,000 shares of Kwan Tong Group at an average price of 26.5969 HKD per share [1] - The total investment amounted to approximately 10.6388 million HKD [1] - **Ownership Structure** - Following the purchase, Hallgain Management Limited's total shareholding increased to approximately 477 million shares [1] - The new ownership percentage stands at 43.05% [1]

Group 1 - Hallgain Management Limited increased its stake in Kwan Tong Group (00148) by 400,000 shares at an average price of HKD 26.5969 per share, totaling approximately HKD 10.6388 million [1] - After the increase, Hallgain Management's total shareholding is approximately 477 million shares, representing a stake of 43.05% [1]

Group 1 - Hallgain Management Limited increased its stake in Kwan Tong Group (00148) by 400,000 shares at an average price of HKD 26.5969 per share, totaling approximately HKD 10.6388 million [1] - After the increase, Hallgain Management Limited's total shareholding is approximately 477 million shares, representing a 43.05% ownership stake [1]

Group 1 - Hallgain Management Limited increased its stake in Kwan Tong Group (00148) by 400,000 shares at an average price of HKD 26.5969 per share, totaling approximately HKD 10.6388 million [1] - Following the increase, Hallgain Management Limited's total shareholding in Kwan Tong Group reached approximately 477 million shares, representing a holding percentage of 43.05% [1]

Group 1: Nvidia's New Product and Market Impact - Nvidia has confirmed the use of M9 materials in its next-generation product Rubin, with the CPX and midplane PCBs utilizing M9 CCL, amid a shortage of Q cloth [1] - The Rubin CPX is designed for ultra-long context AI inference tasks, featuring a decoupled inference architecture and significant hardware changes, including a wireless cable architecture [1] - The market potential for CPX, midplane, and orthogonal backplane is nearly 100 billion [1] - By 2027, Nvidia's AI PCB market is projected to reach $6.96 billion, a 142% increase from 2026 [1] Group 2: PCB Industry Growth Driven by AI - The global PCB market is expected to grow from $62 billion in 2020 to $75 billion by 2024, with a compound annual growth rate of 4.9% [2] - The value of PCBs in AI servers is significantly higher than in traditional servers, leading to a substantial increase in demand for high-performance PCBs [3] - Low dielectric constant and low loss factor materials are deemed most suitable for high-performance applications, with Q cloth outperforming second-generation cloth [3] Group 3: Recommendations for M9 and Related PCB Manufacturers - Strong recommendations have been made for M9 upstream and related PCB manufacturers, with companies like 建滔积层板 reporting a revenue increase of 11% year-on-year [4] - 建滔集团 is expanding its production capabilities for AI-related products, with a projected investment of approximately 800 to 1,000 million RMB for a new production line [4] - The demand for copper-clad laminates and printed circuit boards is expected to rise significantly due to the rapid development of AI technologies [4]