Group 1 - The core viewpoint of the article highlights the recent trading activity of Wan Zhou International (00288.HK), indicating a net increase of 873,000 shares held by southbound funds on February 27 [1] - Over the past five trading days, there were three days of net reductions in holdings by southbound funds, totaling a net decrease of 2.0852 million shares [1] - In the last twenty trading days, there were ten days of net increases in holdings by southbound funds, amounting to a total net increase of 585,100 shares [1] Group 2 - As of now, southbound funds hold 783 million shares of Wan Zhou International, which represents 6.09% of the company's total issued ordinary shares [1] - Wan Zhou International Limited primarily engages in the pork business and operates through three segments: meat products, pork, and others [1] - The meat products segment is involved in the production, wholesale, and retail of both low-temperature and high-temperature meat products [1] - The pork segment handles the slaughtering of live pigs, wholesale and retail of fresh and frozen pork, as well as pig farming [1] - The other segment is engaged in poultry slaughtering and sales, along with providing related products and services such as logistics, seasoning production, and packaging materials [1]

Core Viewpoint - The Hong Kong Dividend ETF (ICBC, 159691) has shown a slight increase in its closing price and trading volume, indicating a stable performance since its inception in March 2023 [1] Group 1: Fund Performance - As of February 26, 2023, the Hong Kong Dividend ETF (ICBC, 159691) has a total share count of 6.134 billion and a total asset size of 8.549 billion [1] - The fund's share count has decreased by 6.06% and its asset size has increased by 1.35% since the beginning of the year [1] Group 2: Trading Activity - The cumulative trading amount for the past 20 trading days is 7.066 billion, with an average daily trading amount of 0.353 billion [1] - Since the beginning of the year, the cumulative trading amount over 34 trading days is 11.207 billion, with an average daily trading amount of 0.330 billion [1] Group 3: Fund Management - The current fund managers are Zhao Xu and Jiao Wenlong, both of whom have managed the fund since February 5, 2026, achieving a return of 0.99% during their tenure [2] - The fund's top holdings include China National Offshore Oil Corporation (14.55%), China Shenhua Energy Company (9.65%), and China Pacific Insurance (8.90%), among others [2]

Core Viewpoint - The Hong Kong Dividend ETF (ICBC, 159691) has experienced significant net redemptions, indicating a trend of outflows from the fund, which may reflect investor sentiment and market conditions [1][2]. Group 1: Fund Performance - On February 26, the Hong Kong Dividend ETF (ICBC, 159691) faced a net redemption of 69.2 million yuan, ranking 4th out of 217 in cross-border ETF net outflows for the day [1]. - Over the past five days, the fund has seen net redemptions totaling 123 million yuan, ranking 2nd out of 217 [1]. - The fund's total size as of February 26 is 8.549 billion yuan, down from 8.78 billion yuan the previous day, with the outflow representing 0.79% of the prior day's size [1]. Group 2: Fund Details - The Hong Kong Dividend ETF (ICBC, 159691) was established on March 30, 2023, with an annual management fee of 0.45% and a custody fee of 0.07% [2]. - As of February 26, the fund has 6.134 billion shares outstanding, a decrease of 6.06% from 6.53 billion shares on December 31, 2025, while the fund's size has increased by 1.35% during the same period [2]. Group 3: Trading Activity - The cumulative trading amount for the Hong Kong Dividend ETF over the last 20 trading days is 6.993 billion yuan, with an average daily trading amount of 350 million yuan [2]. - Year-to-date, the fund has recorded a cumulative trading amount of 10.928 billion yuan over 33 trading days, averaging 331 million yuan per day [2]. Group 4: Fund Holdings - The current fund managers are Zhao Xu and Jiao Wenlong, both managing the fund since February 5, 2026, with a return of 1.12% during their tenure [3]. - Major holdings in the fund include China National Offshore Oil Corporation (14.55%), China Shenhua Energy (9.65%), and China Pacific Insurance (8.90%), among others, with significant market values [3].

Core Viewpoint - The Invesco Great Wall Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown a decrease in share count but an increase in total assets year-to-date, indicating a mixed performance in terms of investor interest and fund growth [1][2]. Group 1: Fund Performance - As of February 26, 2024, the ETF closed down 0.90% with a trading volume of 56.136 million yuan [1]. - The fund's management fee is 0.50% annually, and the custody fee is 0.08% annually [1]. - The latest share count is 331 million, with a total asset size of 485 million yuan, reflecting a 5.16% decrease in shares and a 4.00% increase in assets since December 31, 2025 [1]. Group 2: Trading Activity - Over the last 20 trading days, the ETF has accumulated a trading volume of 1.27 billion yuan, averaging 63.5013 million yuan per day [1]. - Year-to-date, in 33 trading days, the total trading volume reached 1.651 billion yuan, with an average daily trading volume of 50.028 million yuan [1]. Group 3: Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing since August 29, 2024, achieving a return of 48.54%, while Wang has managed since August 13, 2025, with a return of 5.74% [2]. Group 4: Top Holdings - The ETF's top holdings include: - COSCO Shipping Holdings (8.86% of holdings) - Orient Overseas International (7.48%) - Yanzhou Coal Mining (5.65%) - Seaspan Corporation (4.52%) - Yancoal Australia (4.46%) - WH Group (3.76%) - China Shenhua Energy (3.63%) - Far East Horizon (3.39%) - CNOOC (3.27%) - Sinopec (3.26%) [2][3].

( 於開曼群島註册成立之有限公司 ) ( 股份代號 : 288) 提 示 信 函 各位非登記股東 （附註） ： 以電子方式發布公司通訊之最新安排的提示信函 根據自 2023 年 12 月 31 日起生效的擴大無紙化制度及以電子方式發布公司通訊規定下香港聯合交易所有限公司證券上市 規則（「上市規則」）第 2.07 條，萬洲國際有限公司（「本公司」）謹此提醒 閣下，本公司已採用以電子方式發布公司 通訊（「公司通訊」）之安排，該公司通訊是指本公司為向其任何證券持有人提供資訊或提醒其採取行動而發布或將要發 布的任何文件，包括但不限於(a)董事報告、年度帳目以及審計報告副本以及（如適用）財務摘要報告；(b)中期報告及其中 期報告摘要（如適用）；(c)會議通知；(d)上市文件；(e)通函和(f)委任表格。 請注意，所有日後公司通訊的英文版和中文版將在本公司網站 www.wh-group.com 和披露易網站 www.hkexnews.hk 上提供， 以代替印刷本。 根據上市規則及第三次經修訂和重述的公司章程大綱細則，本公司毋須就於該等網站刊載公司通訊向股東發出通知。本 公司只會向有提供有效電子郵件地址的股東發送有關公司通 ...

提 示 信 函 各位登記股東： ( 於開曼群島註册成立之有限公司 ) ( 股份代號 : 288) 以電子方式發布公司通訊之最新安排的提示信函 根據自 2023 年 12 月 31 日起生效的擴大無紙化制度及以電子方式發布公司通訊規定下香港聯合交易所有限公司證券上市 規則（「上市規則」）第 2.07 條，萬洲國際有限公司（「本公司」）謹此提醒 閣下，本公司已採用以電子方式發布公司 通訊（「公司通訊」）之安排，該公司通訊是指本公司為向其任何證券持有人提供資訊或提醒其採取行動而發布或將要發 布的任何文件，包括但不限於(a)董事報告、年度帳目以及審計報告副本以及（如適用）財務摘要報告；(b)中期報告及其中 期報告摘要（如適用）；(c)會議通知；(d)上市文件；(e)通函和(f)委任表格。 請注意，所有日後公司通訊的英文版和中文版將在本公司網站 www.wh-group.com 和披露易網站 www.hkexnews.hk 上提供， 以代替印刷本。 根據上市規則及第三次經修訂和重述的公司章程大綱細則，本公司毋須就刊載公司通訊向股東發出通知。本公司只會向 有 提 供 有 效 電 子 郵 件 地 址 的 股 東 發 送 有 ...

Group 1 - The Hong Kong Dividend ETF (ICBC, 159691) closed at a 2.18% increase with a trading volume of 289 million yuan on February 24 [1] - The fund was established on March 30, 2023, with an annual management fee of 0.45% and a custody fee of 0.07% [1] - As of February 13, 2025, the fund's latest share count was 6.21 billion shares, with a total size of 8.643 billion yuan, reflecting a 4.90% decrease in shares and a 2.46% increase in size year-to-date [1] Group 2 - The current fund managers are Zhao Xu and Jiao Wenlong, both managing the fund since February 5, 2026, with a return of 0.99% during their tenure [2] - The top holdings of the fund include China National Offshore Oil Corporation (14.55%), China Shenhua Energy (9.65%), and China Pacific Insurance (8.90%), among others [2] - The fund's recent trading activity shows a cumulative trading amount of 6.707 billion yuan over the last 20 trading days, with an average daily trading amount of 335 million yuan [1]

Market Overview - On the first trading day after the resumption of Northbound trading, Hong Kong's three major indices collectively declined, with the Hang Seng Index falling below the 27,000 mark, closing down 1.82% or 491.59 points at 26,590.32 points, with a total turnover of HKD 250.99 billion [1] - The Hang Seng China Enterprises Index dropped 2.06% to 9,007.86 points, while the Hang Seng Tech Index fell 2.13% to 5,270.70 points [1] Sector Performance - The technology sector remains a long-term investment focus, with valuation pressure easing after recent pullbacks, and potential for rebound driven by accelerated AI model updates and applications [1] - The energy and precious metals sectors are expected to rise amid heightened geopolitical risks in the Middle East and adjustments in U.S. tariff policies [1] - The consumer sector, currently undervalued, is anticipated to have upward potential as consumption policies are strengthened [1] Blue-Chip Stocks - WH Group (00288) led blue-chip gains, rising 4.42% to HKD 10.39, contributing 5.87 points to the Hang Seng Index [2] - Other notable blue-chip performers included Henderson Land (00012) up 2.08% and China Resources Beer (00291) up 2.02% [2] - China Biologic Products (01177) fell 6.58%, negatively impacting the index by 7.48 points [2] Hot Sectors - Major tech stocks faced pressure, with Tencent down over 3% and Alibaba down over 2% [3] - Storage concepts saw significant gains, with Zhaoyi Innovation (03986) up 11.91% and Longsys Technology (06809) up 4.92% [3] - Oil and gas stocks rose amid concerns over escalating tensions in Iran, with Shandong Molong (00568) up 11.41% [4] AI and Technology - The AI sector continues to show promise, with significant growth in token usage, particularly in Chinese models, which account for 61% of the total token volume [5] - The market anticipates ongoing rapid growth in AI applications and commercial viability [5] Film Sector - The film sector faced challenges, with the 2026 Spring Festival box office down approximately 40% year-on-year, indicating a need for improved content quality [6] - Major film stocks like Maoyan Entertainment (01896) and Huayi Brothers (01003) saw declines of 8.18% and 5.26%, respectively [6] Notable Stock Movements - Kwan Hung Holdings (01888) surged 12.37% following a profit forecast indicating a 165% increase in net profit for the fiscal year ending December 2025 [7] - Weichai Power (02338) rose 7.29% after a report highlighted its emergency generator's use in a major data center [8] - China Shipbuilding Defense (00317) reached a new high, up 5.37%, following a significant shipbuilding contract announcement [9] - Standard Chartered (02888) saw a 3.07% increase after reporting a 6% rise in operating income for the fiscal year 2025 [10] - China Duty Free Group (01880) faced a 10.51% drop due to losing some operating rights at major airports [11]

Core Viewpoint - UBS research report identifies WH Group (00288.HK) as a top industry pick over the past two years due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming, with diversified operations across China, the US, and Europe [1] Group 1: Investment Ratings - The investment bank maintains a "Buy" rating for WH Group, with a target price raised from HKD 8.5 to HKD 11 [1] - In the past 90 days, one investment bank has issued a "Buy" rating for the stock, with an average target price of HKD 10 [1] - CITIC Securities latest report also gives WH Group a "Buy" rating with a target price of HKD 10 [1] Group 2: Market Position - WH Group has a market capitalization of HKD 126.891 billion, ranking first in the food processing industry [1] - Key performance indicators are summarized in the accompanying table [1]

Core Viewpoint - UBS research report identifies WH Group (00288) as a top industry pick for the past two years due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming, with diversified operations across China, the US, and Europe [1] Group 1 - UBS raises the target price for WH Group from HKD 8.5 to HKD 11 and reiterates a "Buy" rating [1] - The company is expected to enter a phase of lower earnings volatility, benefiting from a more stable outlook for US pig prices and a strategic shift towards higher-margin packaged meat products, which will enhance earnings visibility and shareholder returns [1] Group 2 - UBS has adjusted WH Group's earnings per share forecasts for 2025 and 2026 upwards by 1% and 4% respectively, anticipating year-on-year growth of 7% and 4% [1]