Core Viewpoint - Yunfeng Financial has entered into a strategic cooperation agreement with Ant Digital Technology, aiming to leverage both parties' strengths in blockchain and digital finance to explore the tokenization of real-world assets (RWA) and Web3 technologies [1][2] Group 1: Strategic Cooperation - The strategic cooperation with Ant Digital Technology will utilize Ant's technological expertise in blockchain and digital finance alongside Yunfeng Financial's experience in asset management, securities, insurance, and renewable carbon assets [1] - The collaboration will focus on compliance and security while expanding into cutting-edge areas such as RWA tokenization and Web3 [1] Group 2: Investment in Pharos - Yunfeng Financial is making a strategic investment in Pharos Network Technology Limited, which specializes in building institutional-grade applications for RWA on a next-generation Layer 1 blockchain [2] - This investment aims to accelerate the integration of Web3 with traditional finance, creating synergistic value for all parties involved [2] - The investment aligns with the company's long-term strategy to explore the potential of blockchain technology in financial innovation, ultimately creating sustainable value for shareholders [2]

Yunfeng Financial Group Limited 雲鋒金融集團有限公司 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之內容概不負責，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: 376) 與螞蟻數科達成戰略合作協議、戰略投資 Pharos 公鏈 共築機構級 RWA 金融新基建 雲鋒金融集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）欣然宣佈， 於二零二五年九月一日，本公司與螞蟻數字科技（螞蟻集團旗下科技商業化板塊，「螞 蟻數科」）達成戰略合作協議； 同時，本集團對Pharos Network Technology Limited（「Pharos」） 進行戰略投資。 進行戰略聯合以及對 Pharos 投資之理由及裨益 隨著全球數字化進程加速，Web3 技術與現時金融的融合已成為推動產業升級的關鍵驅 動力。此次與螞蟻數科戰略合作，將充分發揮雙方優勢：螞蟻數科在區塊鏈與數字金融 領域的技術積累，結合本集團在現時金融業務（資產管理、證券、保險）及新 ...

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8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: | 雲鋒金融集團有限公司 | | | 呈交日期: | 2025年9月1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) | 00376 | 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 | | | 3,867,991,673 | | 0 | | 3,867,991,673 | | 增加 / 減少 (-) | | | 0 | ...

Group 1 - The core viewpoint of the news is that the Hong Kong stock market's stablecoin concept stocks have collectively strengthened, with notable gains in several companies [1] - Huajian Medical (01931) saw an increase of 8.77%, reaching a latest price of 10.540 and a total market capitalization of 17.072 billion [2] - Yaocai Securities Financial (01428) rose by 8.42%, with a latest price of 12.620 and a total market capitalization of 21.42 billion [2] - Bank of China Hong Kong (02388) increased by 7.55%, with a latest price of 37.880 and a total market capitalization of 400.497 billion [2] - Yunfeng Financial (00376) experienced a gain of 5.03%, with a latest price of 3.340 and a total market capitalization of 12.919 billion [2] Group 2 - Other notable companies include JD Group (09618) with a 3.14% increase, latest price of 121.500, and a market cap of 344.574 billion [2] - OSL Group (00863) rose by 1.77%, latest price of 17.220, and a market cap of 12.705 billion [2] - Standard Chartered Group (02888) increased by 1.68%, latest price of 145.600, and a market cap of 336.011 billion [2] - Lianlian Digital (02598) saw a 1.48% increase, latest price of 11.650, and a market cap of 13.009 billion [2]

Core Viewpoint - Yunfeng Financial (00376) has initiated a significant strategic move into the Web3 space by launching a carbon credit trading blockchain project in collaboration with the Macau International Carbon Emission Trading Exchange, aiming to enhance the global green asset market infrastructure [1] Group 1: Company Developments - Yunfeng Financial's stock rose over 5%, currently trading at 3.33 HKD with a transaction volume of 34.39 million HKD [1] - The company, along with Yunfeng Fund, is investing in a new Web3 carbon infrastructure through the Macau International Carbon Emission Trading Exchange, marking a pivotal transition towards Web3 [1] - The new platform aims to innovate and effectively supplement traditional carbon trading and green power certificate markets, showcasing Yunfeng Financial's commitment to responsible investment and ESG principles [1] Group 2: Industry Impact - The Carbon Trading Blockchain initiative is expected to create a credible and efficient new ecosystem for the carbon market, reflecting a broader trend towards integrating blockchain technology in environmental sustainability efforts [1] - The Macau International Carbon Emission Trading Exchange has already facilitated over 1 million tons of carbon credits and 200,000 green certificates, with clients including leading firms such as Brazil Forestry Group and Mitsubishi Electric [1]

据了解，该计划是由云锋金融和云锋基金联合投资的澳碳所正在打造的全新Web3碳基础设施的一部 分，该平台将成为传统碳交易市场和绿色电力证书市场的创新尝试和有效补充，技术端亦由云锋金融区 块链团队实现。计划体现了云锋金融迈向Web3领域的重要转型，以及云锋基金践行责任投资和ESG创 造长期价值。 澳碳所目前累计成交超100万吨碳信用、20万张绿证，交易客户包括巴西林业集团、国泰海通证券、三 菱电机、中建材绿色能源等领先企业。 智通财经APP获悉，云锋金融(00376)涨超5%，截至发稿，涨4.72%，报3.33港元，成交额3438.99万港 元。 消息面上，8月29日，云锋金融联合澳门国际碳排放权交易所(以下简称"澳碳所")宣布完成碳信用资产 交易数据全面上链，正式启动首个聚焦高质量碳信用的"碳链"(Carbon Trading BlockChain)计划。此举是 云锋金融和澳碳所在Web3领域的重要战略布局，旨在为全球绿色资产市场构建新一代基础设施，构建 可信高效的碳市场新生态。 ...

Core Insights - The global economic landscape is undergoing unprecedented changes, with China entering a new development stage, presenting both challenges to traditional models and opportunities for transformation [2] - Leaders with unique insights and foresight, such as Li Ting, are positioned to seize new opportunities in this evolving environment [2] Group 1: Investment Philosophy - Li Ting's investment philosophy is shaped by her experiences, particularly the 9/11 crisis, which taught her to view events through a long historical lens [3][4] - She emphasizes the importance of understanding the deeper historical and macroeconomic contexts behind seemingly random events, which aids in making informed investment decisions [4] - Her investment approach is structured into three levels: company financials, industry landscape, and future insights, with a focus on qualitative judgments over mere quantitative predictions [11][13] Group 2: Current Economic Opportunities in China - Li Ting believes that the Chinese economy is not in a downturn but rather in a transformation phase, driven by its resilience and potential [15] - Key areas of investment opportunity include the consumption potential of the aging population, underappreciated markets, and the rise of inland provinces due to new trade routes [16][17] - The infrastructure achievements in China, particularly in ensuring equitable access to resources, are seen as foundational for social stability and economic growth [15] Group 3: Emerging Trends and Challenges - The re-evaluation of the Renminbi's value amidst geopolitical shifts is highlighted, with Li Ting suggesting that the currency is undervalued based on purchasing power parity [17] - The ongoing wave of digitalization and the necessity for traditional businesses to embrace smart technologies are identified as critical for survival in a rapidly changing market [17][18] - Li Ting posits that China's advanced hydropower infrastructure will play a crucial role in supporting the energy demands of the AI industry [18] Group 4: Advice for the Younger Generation - Li Ting encourages the younger generation to embrace opportunities abroad, particularly in emerging markets, as a means to expand their horizons and career prospects [20][21] - She stresses the importance of having a deep understanding of investment principles and maintaining a self-consistent investment framework to achieve long-term success [21][25]

Group 1 - Yunfeng Financial (00376) and Macau International Carbon Exchange (澳碳所) have completed a carbon credit asset transaction and launched the "Carbon Trading BlockChain" plan, focusing on high-quality carbon credits [1][2] - The initiative aims to build a new generation of infrastructure for the global green asset market, creating a credible and efficient new ecosystem for the carbon market [1][2] - The plan is part of a broader strategic shift towards Web3 for Yunfeng Financial, reflecting its commitment to responsible investment and long-term value creation through ESG principles [1] Group 2 - The "Carbon Chain" plan addresses the current trust crisis in the global carbon credit market, which faces issues such as "greenwashing" and double counting, leading to doubts about project authenticity and incremental value [1][2] - By utilizing blockchain technology, the plan provides a digital identifier for each green asset, ensuring full lifecycle traceability and transparency, thus promoting the integration of real value and digital attributes of carbon assets [2] - The initiative aims to facilitate the connection between global capital and quality carbon projects, unlocking the potential of the carbon market [2]

Group 1 - The core viewpoint of the news is that Yunfeng Financial and the Macau International Carbon Exchange have launched a blockchain-based carbon credit trading initiative called "Carbon Trading BlockChain" to enhance the global green asset market infrastructure [1][2] - The initiative aims to address the trust crisis in the global carbon credit market, which faces issues such as "greenwashing" and double counting, by providing a transparent and traceable digital identification for each green asset [2] - The platform will integrate the entire lifecycle of carbon credit development, issuance, trading, and cancellation on the blockchain, ensuring transparency and traceability [2] Group 2 - The project is part of Yunfeng Financial's strategic shift towards the Web3 domain and reflects its commitment to responsible investment and ESG principles [1] - The Macau International Carbon Exchange has already facilitated over 1 million tons of carbon credits and 200,000 green certificates, with clients including leading companies such as Brazil Forestry Group and Mitsubishi Electric [1] - The initiative is expected to create a new ecosystem for the carbon market, enhancing the connection between global capital and quality carbon projects [2]

Core Insights - Yunfeng Financial (00376) reported a significant increase in its insurance revenue and profit for the first half of 2025, indicating strong business performance [1] Financial Performance - Insurance revenue reached HKD 1.532 billion, representing a year-on-year increase of 11.21% [1] - Shareholders' profit attributable to the company was HKD 486 million, a substantial year-on-year increase of 142.04% [1] - Basic earnings per share stood at HKD 0.13 [1] Insurance Business Highlights - Annualized premium equivalent (APE) for new business reached HKD 2.222 billion, showing a remarkable year-on-year growth of 107% [1] - New business value (VNB) amounted to HKD 610 million, reflecting a year-on-year increase of 81% [1] - Total embedded value equity grew to HKD 22.4 billion, with per share embedded value equity for shareholders at HKD 3.92 [1]