（於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：360） 截至二零二五年十二月三十一日止年度的 經審核全年業績公告 新焦點汽車技術控股有限公司（「本公司」）董 事（「董 事」）會（「董事會」）公佈本公司 及其附屬公司（「本集團」）截至二零二五年十二月三十一日止年度（「本年度」）的 經 審 核 綜 合 業 績，連 同 截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度（「二零二四年」） 的 比 較 數 字 如 下： * 僅供識別 – 1 – 綜合損益及其他綜合收入報表 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 會 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。 NEW FOCUS AUTO TECH HOLDINGS LIMITED 新焦點汽車技術控股有限公司* 截至二零二五年十二月三十一日止年度 | | | | | | | | | | | | | | 附 註 | | 二零二五年 人民幣千元 ...

董事會召開日期 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 對 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。 NEW FOCUS AUTO TECH HOLDINGS LIMITED 新焦點汽車技術控股有限公司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：360） 新焦點汽車技術控股有限公司（「本公司」）董事會（「董事會」）宣 佈，本 公 司 將 於 二零二六年三月三十一日（星 期 二）舉 行 董 事 會 會 議，藉 以（其 中 包 括）批准本公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 之 年 度 業 績 及 其 刊 發，以 及考慮派發末期股息（如 有）。 承董事會命 新焦點汽車技術控股有限公司 主席及執行董事 * 僅供識別 佟 飛 香 港，二 零 二 六 年 三 月 十 七 日 於 本 公 告 刊 發 日 期，本 公 司 董 事 為：執 行 董 事－佟 飛 ...

致：香港交易及結算所有限公司 公司名稱: 新焦點汽車技術控股有限公司 呈交日期: 2026年3月2日 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: 2026年2月28日 狀態: 新提交 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) | 00360 | 說明 | - | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | ...

Core Viewpoint - The high-end gift market is undergoing a transformation, with products like "Bazi Bujin" becoming preferred choices for gifting to parents and elders, reflecting a shift from external symbols to internal value care in gift culture [1] Health: The New Language of Precious Gifts - In an era of material abundance, expressing genuine care has become a significant consideration, especially for close family members. Traditional gifts like alcohol and supplements are losing their ability to convey deep wishes for "health and longevity" [3] - The product "Bazi Bujin" addresses widespread health anxieties by focusing on overall health maintenance rather than specific symptoms, aligning with traditional Chinese medicine's holistic view [3] Science: The Foundation of Trust Behind Gifting - In today's rational health consumption landscape, gifts for loved ones require both warmth and scientific validation. "Bazi Bujin" has gained trust due to its solid clinical research evidence published in the reputable journal "Phytomedicine" [4] Clinical Research Findings - A 12-week randomized double-blind multi-center clinical study involving 530 participants showed overall improvements in aging indicators across multiple dimensions, with a significant 76.7% increase in telomerase activity, providing strong molecular evidence for the product's anti-aging effects [7] Culture: Intergenerational Emotional Resonance - The essence of gifting is the transmission of emotions and value resonance. A gift rooted in traditional Chinese health culture can evoke deeper cultural recognition and emotional connections among parents and elders [8] - "Bazi Bujin" integrates traditional Chinese medicine theories, representing respect for and continuation of traditional culture, thus serving as a cultural medium that connects generations [8] Gifting: A Warm Journey - The shift in gift selection from external display to internal care signifies a maturation in social emotional expression. The popularity of products like "Bazi Bujin" highlights a growing awareness of the importance of genuine concern for each other's quality of life in a fast-paced, high-pressure modern environment [10] - As the New Year approaches, choosing a gift for parents and elders should focus on the essence of care rather than external symbols, emphasizing scientifically supported, culturally rich, and health-oriented gifts [10]

Core Viewpoint - The regulatory environment in the capital market has maintained a "zero tolerance" approach, with a significant increase in penalties and enforcement actions against various entities, including listed companies, intermediaries, and private equity firms, for a range of violations such as misleading statements and financial fraud [1] Group 1: Regulatory Actions - As of February 11, there has been a concentrated issuance of penalties in the capital market, reflecting a high-pressure regulatory stance [1] - The regulatory focus has shifted towards new areas such as misleading statements and opportunistic behavior, while traditional issues like information disclosure violations and financial fraud continue to be rigorously addressed [1] - A total of 13 listed companies and their actual controllers have been investigated this year, with 11 companies receiving administrative penalty decisions [1] Group 2: Penalty Statistics - The average time between investigations is less than 4 days, and the time for administrative penalties is under 3 days, indicating a rapid enforcement process [1] - The highest single penalty amount has exceeded 20 million yuan, showcasing the increased severity and efficiency of penalties [1]

Core Viewpoint - The regulatory focus on accounting firms has intensified, with 22 firms named by the China Securities Regulatory Commission (CSRC) within 40 days, indicating a shift towards stricter accountability for intermediaries in the capital market [1][2][3]. Regulatory Actions - From January 1 to February 9, 2026, 22 accounting firms were named by the CSRC, with three firms—Zhongxinghua, Zhongxing Caiguanghua, and Lianda—receiving severe administrative penalties [2][3]. - An average of one warning letter was issued every two days, with 21 firms receiving such letters during the same period [2][3]. Focus on Accountability - The increased scrutiny aims to enforce audit responsibilities and enhance the quality of listed companies, thereby purifying the market ecosystem [1][3]. - The regulatory actions signify a new phase of stringent oversight on accounting firms, which are now viewed as critical gatekeepers in the capital market [3][4]. Key Issues Identified - Common deficiencies among the penalized firms include inadequate response to revenue fraud risks and a lack of professional skepticism [5][6]. - Audit procedures were often superficial, failing to gather sufficient and appropriate evidence, with significant lapses in the execution of core audit processes [6][8]. Systemic Problems - Warning letters have highlighted systemic issues within the industry, including failures in internal governance and quality control mechanisms [8][9]. - The regulatory focus has shifted towards the overall operational integrity of accounting firms, emphasizing the need for unified management and independence in auditing practices [9][10]. Conclusion - The regulatory environment is evolving towards a model that combines specific accountability for individual audit failures with broader systemic reforms aimed at enhancing the overall quality and integrity of the auditing profession [10].

Core Insights - The article emphasizes that investing in Australian gold mining companies may provide leveraged opportunities for investors, despite the challenges faced by the mining sector [1][2]. Group 1: Industry Trends - The gold mining sector has historically lagged behind gold price increases, with Australian mining stocks dropping 16% over three years while gold rose 52% during the last bull market [1]. - Rising costs and low operational efficiency have hindered the growth of gold stocks over the past two decades, leading to significant asset write-downs totaling approximately $129 billion in 2012 [1]. - The current trend shows that gold mining companies are adopting innovative and cost-effective technologies, improving their cost control capabilities [2]. Group 2: Investment Opportunities - Exploration spending by major producers is projected to increase by 6% year-on-year in 2024, reaching over $3 billion, primarily focused on lower-risk brownfield projects [2]. - There is a notable interest in small to mid-sized exploration companies in Australia, which are advancing projects in established gold regions, as they are expected to benefit from long-term equity financing [2]. - Companies rooted in resource-rich and politically stable regions like Australia are anticipated to be the biggest beneficiaries amid increasing strategic commodity competition and de-globalization [2]. Group 3: Financing Solutions - Long-term equity financing is highlighted as a crucial support for international investors seeking liquidity to capitalize on upward opportunities or diversify their holdings [3].

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: 2026年1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: 新焦點汽車技術控股有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 第 1 頁 共 10 頁 v 1.2.0 FF301 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00360 說明 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 17,216,948,349 0 17,216,948,349 增加 / 減少 (-) 本月底結存 17,216,948,349 0 17,216,948,349 足夠公眾持股量的確認(註4) | 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 ...

Core Insights - Disney's revenue and profit exceeded expectations during the holiday season, driven by strong performance in its theme park business and the box office success of "Zootopia 2" [1][2] Financial Performance - For the first quarter of fiscal year 2026 ending December 27, Disney reported a 5% year-over-year revenue increase to $26 billion, surpassing analyst expectations of $25.7 billion [1] - The company achieved a pre-tax profit of $3.7 billion, also exceeding Wall Street's forecast of $3.5 billion [1] - Adjusted earnings per share were $1.63, down 7% from the previous year but better than the expected $1.57 [2] Business Segments - The experience segment, which includes theme parks, cruises, and consumer products, became a major revenue pillar, surpassing $10 billion in revenue and contributing 72% of the nearly $5 billion quarterly operating profit [2] - Disney's entertainment segment generated $11.6 billion in revenue, a 7% year-over-year increase, primarily driven by holiday box office hits [2] - The sports segment saw a 1% revenue increase to $4.9 billion, but operating profit dropped significantly due to a contract dispute with YouTube TV, resulting in a $110 million loss [3] Future Outlook - Disney expects the operating profit for the entertainment segment to remain flat year-over-year in Q2, while the streaming business is projected to generate $500 million in profit, an increase of $200 million from the previous year [6] - The company reaffirmed its forecast for double-digit earnings per share growth relative to fiscal year 2025 and anticipates generating $19 billion in cash flow for the year [6] Leadership Transition - The search for a successor to CEO Bob Iger has become a focal point, with speculation surrounding Josh D'Amaro, the chairman of the experience segment, as a leading candidate [7] - The Disney board is expected to vote on Iger's successor in an upcoming meeting, with an announcement anticipated in the first quarter of this year [7]

Core Insights - The implementation of the new regulations on merger loans has led to increased demand for acquisition financing, particularly in the technology and green sectors [1][2] - The introduction of "equity acquisition loans" has become a focal point for market innovation, prompting banks to explore new opportunities while facing heightened risk management requirements [1][6] Group 1: Market Dynamics - The new regulations have revitalized the merger loan business, with major banks like Industrial and Commercial Bank of China (ICBC) quickly launching compliant acquisition loan products across various provinces [2] - The demand for merger loans is driven by the need for consolidation among state-owned enterprises and large investment firms, as well as the increasing management needs of quality listed companies [2][3] - Competition among banks for high-quality projects has intensified, with multiple banks often participating in the approval process for the same project [3] Group 2: Regulatory Impact - The new regulations set tiered standards for conducting merger loans, with higher thresholds for equity acquisition loans, which may limit access for smaller banks [4] - Major banks have the advantage of robust capital and risk management capabilities, allowing them to quickly implement new loan products, while smaller banks tend to focus on local businesses and conservative lending practices [4] Group 3: Loan Structure and Risk - The new regulations allow for equity acquisition loans, which require a minimum stake of 20% in the target company, thus lowering barriers while ensuring strategic alignment [6] - The maximum loan-to-value ratio for equity acquisition loans is set at 60%, compared to 70% for control-type loans, reflecting a cautious regulatory approach to mitigate risks [6][7] - Banks face unique risks with equity acquisition loans, including potential information asymmetry and limited decision-making power, necessitating stricter risk assessment and management protocols [7][8] Group 4: Risk Management Strategies - Banks are advised to enhance their risk management frameworks, focusing on thorough due diligence, compliance monitoring, and ongoing evaluation of target companies post-acquisition [8] - A specialized management team with expertise in merger financing is recommended to ensure effective implementation of risk control measures across all stages of the loan process [8]