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的內容概不負責，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 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約，亦非在任何司 法管轄區招攬任何投票或批准。 本公告不得於任何會構成違反適用法律或法規的司法管轄區內全部或部分發佈、刊發或 派發。 JOY CITY PROPERTY LIMITED 大悅城地產有限公司 法院會議之結果 本公司獨家財務顧問 無利害關係股東之獨立財務顧問 SOMERLEY CAPITAL LIMITED （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 公告 (1)根據公司法第99條以計劃安排方式 建議對大悅城地產有限公司進行股份回購 及 (2)建議撤銷大悅城地產有限公司上市地位 — 1 — 法院會議之結果 於2025年11月17日（星期一）舉行的法院會議上，親身或委派代表出席法庭會議並投票的 計劃股東，已批准通過該計劃的決議案。 建議撤銷股份上市地位 待該計劃生效後，股份於聯交所的上市地位預期將 ...

Market Overview - A-shares experienced a rebound in the afternoon, with the Shanghai Composite Index and ChiNext Index briefly turning positive, while the Shanghai 50 Index showed strength [1] - The Shanghai Composite Index closed at 4000.14 points, down 0.07%, while the Shenzhen Component Index and ChiNext Index fell by 0.36% and 0.39%, respectively [1] - The total trading volume in the Shanghai and Shenzhen markets was 196.5 billion yuan, a decrease of nearly 50 billion yuan from the previous day [1] Sector Performance - Over 3500 stocks in the market were in the red, with declines in the automotive, brokerage, semiconductor, and chemical sectors [2] - The insurance and banking sectors saw significant gains, with New China Life Insurance rising nearly 4% and Agricultural Bank of China increasing over 3% to reach a historical high [2][7][8] - The oil sector also performed well, with companies like Sinopec Oilfield Service and Zhun Oil Co. hitting the daily limit [2] Chip Sector Insights - The storage chip sector remained active, with companies like Xiangnan Chip and Demingli seeing increases of over 10% and 6%, respectively [6] - Global supply chain issues in the storage chip market have led to a significant price increase, with SanDisk raising NAND flash contract prices by 50% [6] - Analysts predict that the storage chip price surge will continue through 2026, driven by a structural demand surge and supply constraints [6] Insurance Sector Analysis - The insurance sector is benefiting from economic recovery, with a shift in savings towards insurance products due to low interest rates and regulatory guidance [7] - The aging population and healthcare reforms are expected to create long-term growth opportunities in the insurance industry [7] Banking Sector Analysis - The banking sector is experiencing upward momentum, with Agricultural Bank of China reaching a historical high [8] - Analysts suggest that the banking sector will continue to attract long-term investment from insurance funds and public funds, despite a weak economic recovery [8] Pharmaceutical Sector Activity - The pharmaceutical sector saw significant activity, with innovative drugs and immunotherapy concepts performing well [9] - Companies like Kaineng Health and Sanmian Gene reached their daily limit, with several others also showing strong gains [9][10] - The domestic innovative drug industry is expected to demonstrate long-term growth, with increased international competitiveness anticipated in clinical data [11]

Group 1 - The core point of the article highlights that Dalian Wanda Commercial Properties (00207) has transferred shares worth HKD 268 million, representing 3.14% of its total shares, from HSBC to AAA Securities Co. Limited [1] - Dalian Wanda announced a credit agreement with a group of financial institutions for a total amount of USD 150 million or equivalent in HKD, aimed at refinancing existing debts [1] - The credit facility is set to be provided in multiple tranches and has an initial maturity of 12 months, extendable up to 36 months based on the terms of the agreement [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: 大悅城地產有限公司 呈交日期: 2025年11月5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) | 00207 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 28,904,699,222 | HKD | | 0.1 | HKD | | 2,890,469,922.2 | | 增加 / 減少 (-) | | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 28,904,699,222 | HKD | | 0.1 | HKD | | 2,890,469,922 ...

Core Viewpoint - Dagang Co., Ltd. plans to invest 90 million yuan through its wholly-owned subsidiary, Shanghai Minai Semiconductor Co., Ltd., to increase the registered capital of Jiangsu Aike Integrated Circuit Co., Ltd. and gain control over it [2][3][5] Investment Details - The investment involves an increase in registered capital of 37.15 million yuan, with the remaining amount added to the capital reserve of Aike Integrated [3] - After the capital increase, Aike Integrated's registered capital will rise from 10 million yuan to 47.15 million yuan, with Shanghai Minai holding 78.79% of the shares, making Aike Integrated a subsidiary [5] Market Reaction - Following the announcement, Dagang's stock price experienced unusual fluctuations, with a trading volume of 1.078 billion yuan and a turnover rate of 10.84% on November 3 [6] Business Synergy - Aike Integrated focuses on integrated circuit testing, aligning with Shanghai Minai's main business, and aims to enhance strategic cooperation with core clients, thereby promoting growth in the integrated circuit testing sector [7][8] Financial Performance - Aike Integrated reported a net profit of 1.5928 million yuan in the first half of 2025, with a total revenue of 20.8923 million yuan [10] - The net asset value of Aike Integrated is 11.509 million yuan, with an assessed value of 24.2244 million yuan, reflecting a net asset appreciation rate of 110.48% [8][10]

Core Viewpoint - Dagang Co., Ltd. plans to invest 90 million yuan through its wholly-owned subsidiary, Shanghai Minai Semiconductor Co., Ltd., to increase the registered capital of Jiangsu Aike Integrated Circuit Co., Ltd. and gain control over it, focusing on the integrated circuit testing business [1][3][5]. Group 1: Investment Details - The investment will increase Aike's registered capital from 10 million yuan to 47.1526 million yuan, with Shanghai Minai holding 78.79% of Aike's shares post-investment [5]. - The remaining funds from the 90 million yuan will be allocated to Aike's capital reserve [3][5]. Group 2: Business Synergy - The investment aligns with Dagang's strategy to focus on its core testing business, enhancing collaboration with key clients and improving integration in R&D, products, and market strategies [5][6]. - Aike Integrated Circuit is the only entity under Jiangsu Aike focusing on integrated circuit testing, which is crucial for the company's operational transformation [5][6]. Group 3: Financial Performance - Aike Integrated Circuit reported a net asset value of 11.509 million yuan, with an assessed net asset value of 24.2244 million yuan, reflecting a 110.48% increase in asset value [7]. - For the first half of 2025, Aike achieved a revenue of 20.8923 million yuan and a net profit of 1.5928 million yuan, indicating modest financial performance [8].

Group 1 - The core point of the article is that *ST Xingguang (002076.SZ) has indicated that its controlling subsidiary is involved in information security-related business [1] Group 2 - The company is actively engaging in the information security sector, which may present potential growth opportunities [1]

大悅城地產有限公司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 公告 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的內容概不負責，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 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約，亦非在任何司 法管轄區招攬任何投票或批准。 本公告不得於任何會構成違反適用法律或法規的司法管轄區內全部或部分發佈、刊發或 派發。 JOY CITY PROPERTY LIMITED 茲提述(i)大悅城地產有限公司（「本公司」）於2025年7月31日發佈的公告，內容有關（其中 包括）根據公司法第99條以協議安排方式建議對本公司進行股份回購及建議撤銷本公司上 市地位（「建議」）；(ii)本公司於2025年8月21日發佈的公告，內容有關延長寄發計劃文件的 最後日期；(iii)本公司於2025年9月22日發佈的公告，內容有關計劃文件寄發進度之每月更 — 1 — 新；(iv)本公司於2025年10月15日刊發之公告，內容有關進一步延長寄發計劃文 ...

Core Viewpoint - The real estate industry is accelerating financing through various channels such as credit bonds, overseas bonds, and asset securitization to address year-end debt maturity pressures and prepare for future development amid increased supply of quality land parcels [1][3][10]. Financing Trends - In September, the total bond financing in the real estate sector reached 561 billion yuan, marking a year-on-year increase of 31%, with credit bond financing alone amounting to 322 billion yuan, a significant year-on-year growth of 89.5% [3][9]. - The average issuance term for credit bonds in September was 3.65 years, indicating a trend towards longer financing terms, which helps optimize debt structure and alleviate short-term repayment pressures [7]. Company Financing Activities - Several companies are actively issuing bonds, including China Merchants Shekou with a planned issuance of 40 billion yuan at a coupon rate of 1.90%, and China Vanke with a bond issuance of up to 24 billion yuan [6][8]. - Notable issuances include Beijing Urban Construction Group's successful issuance of 18 billion yuan in medium-term notes and Poly Developments' 150 billion yuan bond application accepted by the Shanghai Stock Exchange [6][8]. Challenges in Sales and Cash Flow - Despite the positive financing trends, real estate companies face significant challenges in sales, with a reported 8.4% year-on-year decline in funds received by real estate developers from January to September, particularly in deposits and pre-sales [9][10]. - The ongoing sluggish sales market continues to exert pressure on the overall cash flow of real estate companies, making it crucial for them to balance external financing with internal cash generation [10]. Debt Restructuring Progress - Some distressed real estate companies have made substantial progress in debt restructuring, with over 75% of creditors approving restructuring plans for companies like Longfor Group and Sunac China [8].

JOY CITY PROPERTY LIMITED 大悅城地產有限公司 (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: 207) NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(1), 24 October 2025 Joy City Property Limited (the "Company") – Notice of publication of the Scheme Document, Notice of Court Meeting and Proxy Form of Court Meeting in relation to (1) proposed share buy-back of the Company way of a scheme of arrangement under section 99 of the Companies Act; and (2) proposed wit ...