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，概不就因本公告之全部或任 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。 山高控股集團有限公司 本公告乃由山高控股集團有限公司（「本公司」，連同其附屬公司「本集團」）自願作 出。 本公司董事（「董事」）會（「董事會」）注意到，本公司股份（「股份」）之交易價格及成 交量於本公告日期出現異常變動。經就本公司作出在有關情況下屬合理的一切查詢 後，董事會謹此確認，除了證券及期貨事務監察委員會及本公司分別於2025年9月 18日刊發有關股權高度集中之公告所述事宜外，概不知悉(i)導致股份出現該等股價 及成交量異常變動之任何原因；或(ii)任何須予公佈以避免股份出現虛假市場之資 料；或(iii)根據香港聯合交易所有限公司證券上市規則第13.09(2)條及證券及期貨條 例（香港法例第571章）第XIVA部須予披露之任何內幕消息。 董事會亦確認，本集團之業務營運維持正常，且本集團之業務營運及財務狀況並無 重大變動。 本公司股東及潛在投資者於買賣股份時務請審慎行事。 承董事會命 （於百慕達註 ...

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，概不就因本公告之全部或任 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。 （於百慕達註冊成立之有限公司） 自願公告 於公開市場進行股份回購 承董事會命 山高控股集團有限公司 主席 李天章 香港，2025年9月19日 於本公告日期，董事會由執行董事李天章先生、朱劍彪先生、劉志杰先生、廖劍蓉女 士及劉堯先生；非執行董事梁占海先生、陳滌先生及王文波先生；及獨立非執行董 事關浣非先生、陳維曦先生、Jonathan Jun Yan先生及方穎先生組成。 本公告乃由山高控股集團有限公司（「本公司」）自願作出。 茲提述本公司日期為2025年9月16日之公告（「該公告」），內容有關股價及成交量的異 常變動及於公開市場進行股份回購。除非文義另有所指，否則本公告已界定的詞語 與該公告所界定者具有相同涵義。董事會謹此宣佈，於2025年9月19日，本公司於公 開市場交易回購3,700,000股股份，佔本公司已發行股份總數約0.06%。本公司可能會 在適當時候根據股份回購計劃以及所有適用的法律和法規進 ...

证券时报·数据宝统计，山高控股在港交所公告显示，9月19日以每股6.080港元至6.200港元的价格回购 370.00万股，回购金额达2262.30万港元。该股当日收盘价3.360港元，下跌76.02%，全天成交额59.65亿 港元。（数据宝） （文章来源：证券时报网） 山高控股回购明细 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.09.19 | 370.00 | 6.200 | 6.080 | 2262.30 | ...

Core Insights - The Hang Seng Index closed flat on September 19, with southbound trading totaling HKD 153.72 billion, comprising HKD 81.78 billion in buying and HKD 71.94 billion in selling, resulting in a net inflow of HKD 9.84 billion [1] Trading Activity - Southbound trading through the Stock Connect (Shenzhen) recorded a total of HKD 55.47 billion, with buying at HKD 30.01 billion and selling at HKD 25.46 billion, leading to a net inflow of HKD 4.55 billion [1] - Southbound trading through the Stock Connect (Shanghai) saw a total of HKD 98.25 billion, with buying at HKD 51.76 billion and selling at HKD 46.48 billion, resulting in a net inflow of HKD 5.28 billion [1] Active Stocks - Alibaba-W was the most actively traded stock with a total transaction amount of HKD 115.81 billion and a net inflow of HKD 17.27 billion [1] - Other notable stocks included SMIC with a transaction amount of HKD 96.75 billion and a net inflow of HKD 9.30 million, and Sany Heavy Industry with a transaction amount of HKD 52.90 billion and a net inflow of HKD 22.40 billion [1][2] Continuous Net Buying - Alibaba-W and Meituan-W were among the stocks with the longest streak of net buying, with Alibaba-W seeing a total net inflow of HKD 57.83 billion over 21 consecutive days, while Meituan-W had a net inflow of HKD 5.75 billion over 5 days [2]

Group 1 - Southbound funds net bought Hong Kong stocks worth 9.838 billion HKD on September 19 [1] - Notable net purchases included 2.24 billion HKD in Shankou Holdings, 1.727 billion HKD in Alibaba-W, and 1.07 billion HKD in the Tracker Fund [1] - Southbound funds have continuously net bought Alibaba for 21 days, totaling 57.82789 billion HKD, and have net sold Tencent for 5 days, totaling 1.62824 billion HKD [1] Group 2 - Shankou Holdings announced a share buyback plan of up to 100 million USD, with a maximum buyback price of 17 HKD per share [3] - Citigroup reported that the recent price drop of Pop Mart (9992.HK) is due to concerns over LABUBU resale prices, but does not indicate a decline in IP popularity [3] - Meituan will provide larger subsidies for the "Bright Kitchen" initiative, increasing the subsidy amount to 500 million HKD to enhance kitchen transparency for merchants [3]

Company News - SF Holding (06936.HK) reported a total revenue of 24.787 billion yuan from its express logistics business in August, representing a year-on-year growth of 7.86% [2] - Guohao Group (00053.HK) announced its annual results for the year ending June 30, 2025, with revenue of 24.4 billion HKD, a year-on-year increase of 9%, and a net profit of 4.03 billion HKD, up 13% year-on-year [2] - Jieli Trading Treasure (08017.HK) launched the Deep Trade AI Agent, an intelligent trading system [2] - Innovent Biologics (01801.HK) received approval from the National Medical Products Administration for Masitinib to be used for blood sugar control in adult patients with type 2 diabetes [2] - Datang New Energy Group (00559.HK) issued a profit warning, expecting an annual net profit of 30 to 35 million HKD [2] - Zhonghuan New Energy (01735.HK) plans to collaborate with Ant Blockchain Technology (Shanghai) in the fields of new energy digital assets and new energy artificial intelligence ecosystem [2] - Fuhong Hanlin (02696.HK) received approval from the European Commission for the HLX14 product for the treatment of osteoporosis in specific populations [2] - Zhaoyan New Drug (06127.HK) subscribed to a financial product from Industrial and Commercial Bank of China worth 40 million yuan [2] Buyback Activities - Tencent Holdings (00700.HK) repurchased 857,000 shares at a cost of 551 million HKD, with repurchase prices ranging from 638.5 to 647 HKD [2] - HSBC Holdings (00005.HK) spent approximately 160 million HKD to buy back about 1.49 million shares, with repurchase prices between 106.9 and 107.6 HKD [3] - Shango Holdings (00412.HK) repurchased 3.7 million shares at a cost of approximately 22.623 million HKD, with repurchase prices ranging from 6.08 to 6.2 HKD [3]

Group 1 - Southbound funds net bought Hong Kong stocks worth 9.838 billion HKD today [1] - Notable net purchases include: 2.24 billion HKD in Shankai Holdings, 1.727 billion HKD in Alibaba-W, 1.07 billion HKD in Tracker Fund, 901 million HKD in Pop Mart, 847 million HKD in Meituan-W, 237 million HKD in Hua Hong Semiconductor, and 133 million HKD in Hon Teng Precision [1] - Significant net sales included: 622 million HKD in Tencent Holdings and 398 million HKD in Xiaomi Group-W [1] Group 2 - Southbound funds have continuously net bought Alibaba for 21 days, totaling 57.82789 billion HKD [1] - Meituan has seen net purchases for 5 consecutive days, amounting to 5.74793 billion HKD [1] - Tencent has been sold off for 5 consecutive days, totaling 1.62824 billion HKD [1]

格隆汇9月19日丨山高控股(00412.HK)公告，9月19日耗资2262.3万港元回购370万股。 ...

Core Insights - On September 19, 2025, Alibaba-W (09988), SMIC (00981), and Shankai Holdings (00412) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 70.25 billion, 62.79 billion, and 38.99 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) also ranked as the top three, with trading amounts of 45.57 billion, 33.96 billion, and 15.89 billion respectively [1] Southbound Stock Connect (Hong Kong-Shanghai) - The top three active companies by trading volume were: - Alibaba-W (09988): 70.25 billion with a net buy of +4.73 billion - SMIC (00981): 62.79 billion with a net buy of +3.08 billion - Shankai Holdings (00412): 38.99 billion with a net buy of +17.21 billion [2] - Other notable companies included: - Changfei Optical Fiber (06869): 24.82 billion with a net sell of -69.08 million - Pop Mart (09992): 24.49 billion with a net buy of +9.01 billion [2] Southbound Stock Connect (Shenzhen-Hong Kong) - The top three active companies by trading volume were: - Alibaba-W (09988): 45.57 billion with a net buy of +12.54 billion - SMIC (00981): 33.96 billion with a net sell of -2.15 billion - Tencent Holdings (00700): 15.89 billion with a net buy of +27.91 million [2] - Other notable companies included: - Xiaomi Group-W (01810): 15.49 billion with a net sell of -43.27 million - Innovent Biologics (01801): 15.23 billion with a net sell of -37.09 million [2]

山高控股(00412)公布，2025年9月19日耗资2262.3万港元回购370万股股份。 ...