承董事會命 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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部 份 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 。 （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） （ 股 份 代 號 ： 216） 董事會會議通知 建業實業有限公司 (「本公司」)謹 此 宣 佈 ， 本 公 司 訂 於 2025年 11月 25日 (星 期 二 ) 舉 行 董 事 會 會 議 ， 藉 以 (當 中 包 括 )考 慮 及 批 准 本 公 司 及 其 附 屬 公 司 截 至 2025年 9月 30日 止六個月之中期業績及考慮派發中期股息 (如 有 )。 尹嘉怡 公司秘書 香港， 2025年 11月 13日 於 本 公 佈 日 期，本 公 司 之 董 事 為 執 行 董 事 王 承 偉 先 生（ 主 席 ）、陳 遠 強 先 生（ 副 主 席 ）、 周明祖先生（董事總經理）及林燕勝先生；非執行董事王妍醫生；以及獨立非執行 董 事 羅 志 豪 先 生 、 范 偉 立 先 ...

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: | 建業實業有限公司 | | | 呈交日期: | 2025年11月3日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 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) | 00216 | | 說明 | 建業實業 | | | | | | | | 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 | | | | 551,368,153 | | 0 | | 551,368,153 | | 增加 / 減 ...

Group 1 - The core point of the article is that Jianye Industrial (00216.HK) has entered into a conditional sale and purchase agreement with Xianjun Management Limited for the sale of shares and loans related to a property, with a total estimated consideration of approximately HKD 340.35 million [1][2] - The property value agreed upon in the transaction is HKD 340 million, and the net asset value of the target group will be determined by excluding certain liabilities and the book value of the property [1][2] - As of March 31, 2025, the unaudited consolidated net asset value of the target group is approximately HKD 2,349,500, which includes current assets of about HKD 3,506,800 and current liabilities of approximately HKD 1,157,300 [1] Group 2 - The target group consists of Oseling Investments, Yingdu, and Bao Xuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% equity in Yingdu and Bao Xuan Hotel [2] - Han Guo, a company registered in Hong Kong and listed on the main board of the Stock Exchange (stock code: 160), is directly owned 68.09% by Jianye [2]

Group 1 - The core point of the announcement is that HKL Holdings (BVI), an indirect non-wholly owned subsidiary of the company, has entered into a conditional sale and purchase agreement with the buyer, Hsien Jun Management, to sell shares and loans related to a property for a total consideration of approximately HKD 338 million [1] - The estimated consideration for the sale is approximately HKD 340 million, based on the net asset value of the target group, which is approximately HKD 2.3495 million as of March 31, 2025 [1] - The target group consists of Oseling Investments, Ying Du, and Bao Hsuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% equity in Ying Du and Bao Hsuan Hotel [1] Group 2 - As of the announcement date, Han Guo, a company registered in Hong Kong, is directly owned 68.09% by the company [2]

Group 1 - The company Kien Yip Industrial (00216) announced a conditional sale agreement on October 28, 2025, where HKL Holdings (BVI), an indirect non-wholly owned subsidiary of Kien Yip, agrees to sell shares and loans to the buyer, Xian Jun Management, for a total consideration of HKD 338 million [1] - The estimated consideration for the sale is approximately HKD 340 million, based on the net asset value of the target group, which is around HKD 2.3495 million as of March 31, 2025 [1] - The target group consists of Oseling Investments, Ying Du, and Bao Hsuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% equity in Ying Du and Bao Hsuan Hotel [1] Group 2 - As of the announcement date, Han Guo, a company registered in Hong Kong and listed on the main board of the Stock Exchange (00160), is directly 68.09% owned by Kien Yip [2]

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佈的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份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。 （於香港註冊成立之有限公司） （股份代號 ：216） 有關出售目標集團之 自願公佈 出售事項 建業董事會宣佈，於 2025 年 10 月 28 日（交易時段後），賣方（為建業之間接非全資附屬公 司及漢國之直接全資附屬公司）與買方訂立臨時買賣協議，據此，賣方已有條件地同意出售及 轉讓，而買方已有條件地同意購買及接受轉讓銷售股份及銷售貸款。銷售股份及銷售貸款的代 價將為(i)該物業的協定物業價值 338,000,000 港元；及(ii)目標集團的完成資產淨值之總和。為 釐定臨時買賣協議項下的代價，目標集團的資產淨值應剔除該物業的賬面值、銷售貸款、須於 完成前償還、抵償、更替、終止或以其他方式抵銷或轉讓及轉移予賣方的任何公司間結餘，以 及任何遞延稅項負債（如有）。於 2025 年 3 月 31 日，目標集團的未經審核合併資產淨值約為 2,349,500 港元，包括流動資產約 3,506,800 港元及流動負債 ...

Core Viewpoint - The article discusses the significant increase in the valuation of Zhiguang Electric's subsidiary, Zhiguang Energy, following three rounds of financing, leading to a planned acquisition by Zhiguang Electric, which raises questions about the underlying motives and implications of this transaction [2][10]. Company Overview - Zhiguang Electric plans to acquire all or part of the minority equity of its subsidiary, Zhiguang Energy, through a combination of issuing shares and cash payments, aiming to enhance control over the subsidiary and improve its core competitiveness in the energy storage sector [6][10]. - Zhiguang Energy specializes in the research, production, and sales of electrochemical energy storage systems, with major products including large-capacity energy storage systems and commercial storage systems [6][7]. Financial Performance - Zhiguang Electric has faced continuous losses over the past two years, with projected net losses of CNY 157 million and CNY 326 million for 2023 and 2024, respectively [7]. - In the first half of 2023, the company reported a net loss of CNY 55.15 million, attributed to fluctuations in the fair value of non-current financial assets and asset impairment losses from a terminated project [7]. - In contrast, Zhiguang Energy has shown better financial performance, with revenues of CNY 925 million, CNY 1.063 billion, and CNY 1.060 billion for 2023, 2024, and the first eight months of 2025, respectively, and net profits of CNY 40.76 million, CNY 42.18 million, and CNY 65.81 million during the same periods [7][8]. Transaction Details - The acquisition is characterized as an "upward acquisition," allowing investors to convert their subsidiary shares into direct shares of the parent company, thereby simplifying the ownership structure and enhancing control [10][13]. - Zhiguang Energy was established in 2018 with an initial investment of CNY 100 million, and its valuation has surged to CNY 1.8 billion following recent financing rounds [10][11]. - The transaction involves several institutional investors, including state-owned funds and private equity firms, indicating strong interest from significant market players [11][12]. Market Reaction - On the first trading day after resuming trading, Zhiguang Electric's stock price initially hit the daily limit but closed down by 5.11% at CNY 7.62 per share [3][5]. - Prior to the trading suspension, the stock experienced a five-day increase of approximately 12% [5][15].

Core Viewpoint - Zhiguang Electric plans to acquire minority stakes in its subsidiary Zhiguang Energy through a combination of issuing shares and cash payments, with stock resuming trading on October 17 after a suspension [1] Group 1: Transaction Details - The transaction involves issuing shares priced between 5.41 yuan and 6.40 yuan per share, which is 80% to 90% of the market reference price [1] - Prior to the transaction, Zhiguang Electric held 66.82% of Zhiguang Energy and aims to increase its control over the subsidiary [1] - The company plans to raise matching funds by issuing shares to no more than 35 specific investors [1] Group 2: Zhiguang Energy's Market Position - Zhiguang Energy is a leader in cascade-type high-voltage large-capacity energy storage technology, with its high-voltage direct-connected storage PCS system recognized as internationally advanced [2] - The company has delivered over 20 hundred-megawatt cascade-type high-voltage large-capacity energy storage power stations to major state-owned enterprises [2] - Zhiguang Energy has shown strong growth, with projected revenues of 925 million yuan, 1.063 billion yuan, and 1.060 billion yuan for 2023, 2024, and the first eight months of 2025, respectively [2] Group 3: Zhiguang Electric's Financial Performance - Zhiguang Electric has faced poor performance in recent years, reporting revenues of 2.734 billion yuan and 2.596 billion yuan for 2023 and 2024, respectively, with net losses of 157 million yuan and 326 million yuan [3] - In the first half of 2025, the company achieved revenue of 1.643 billion yuan, a year-on-year increase of 31.71%, but still reported a net loss of 55.15 million yuan [3] Group 4: Market Sentiment - Despite not achieving profitability, Zhiguang Electric has seen a significant increase in market interest, with its stock price rising approximately 80% since the low in April [4] - On the last trading day before suspension (September 26), the stock closed at 8.03 yuan per share, with a total market capitalization of 6.285 billion yuan [5]

Core Viewpoint - Zhiguang Electric plans to acquire minority stakes in its subsidiary Zhiguang Energy Storage through a combination of issuing shares and cash payments, with stock resuming trading on October 17 after a suspension [2] Group 1: Transaction Details - The transaction involves issuing shares priced between 5.41 yuan and 6.40 yuan per share, representing 80% to 90% of the market reference price [2] - Prior to the transaction, Zhiguang Electric held a 66.82% stake in Zhiguang Energy Storage, which will increase post-transaction, enhancing control and profitability in the new energy storage sector [2] Group 2: Zhiguang Energy Storage Overview - Zhiguang Energy Storage is a leader in cascade-type high-voltage large-capacity energy storage technology, with its high-voltage direct-connected energy storage PCS system recognized as internationally advanced [3] - The company has delivered over 20 hundred-megawatt cascade-type high-voltage large-capacity energy storage power stations, serving major clients like State Grid and China Southern Power Grid [3] - Zhiguang Energy Storage has shown strong revenue growth, with projected revenues of 925 million yuan, 1.063 billion yuan, and 1.060 billion yuan for 2023, 2024, and January-August 2025, respectively [3] Group 3: Zhiguang Electric Financial Performance - Zhiguang Electric reported revenues of 2.734 billion yuan and 2.596 billion yuan for 2023 and 2024, with net losses of 157 million yuan and 326 million yuan [4] - In the first half of 2025, the company achieved revenue of 1.643 billion yuan, a year-on-year increase of 31.71%, while reducing net losses by 38.88% to 55.15 million yuan [4] - Despite ongoing losses, the company's stock has risen approximately 80% since its low in April, with a closing price of 8.03 yuan per share and a market capitalization of 6.285 billion yuan as of September 26 [4]

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9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 建業實業有限公司 | | | 呈交日期: | 2025年10月2日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 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) | 00216 | | 說明 | 建業實業 | | | | | | | | 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 | | | | 551,368,153 | | 0 | | 551,368,153 | | 增加 / 減少 ...