Group 1 - The legal opinion letter is issued by Beijing Zhonglun Law Firm regarding Dongfeng Motor Group (Wuhan) Investment Co., Ltd.'s exemption from making a tender offer for shares of Dongfeng Motor Co., Ltd. [1][2] - The opinion is based on the provisions of the Company Law, Securities Law, and relevant regulations issued by the China Securities Regulatory Commission [2][3] - Dongfeng Investment is a legally established limited liability company with a registered capital of 61.05 million yuan and is not subject to any circumstances that would require its termination or dissolution [9][11] Group 2 - Dongfeng Investment is eligible to acquire shares without making a tender offer as the share transfer occurs between different entities under the same actual controller, which does not change the actual controller of the listed company [11][12] - The acquisition involves Dongfeng Investment absorbing Dongfeng Group Co., Ltd., thereby inheriting 1,100,000,000 shares of Dongfeng Motor Co., Ltd., which represents 55% of its total share capital [11][12] - The acquisition has already completed necessary authorizations and approvals, and further procedures include obtaining the required votes from independent H shareholders [13][14] Group 3 - There are no foreseeable legal obstacles to the acquisition, provided all legal procedures and obligations are fulfilled [15] - Dongfeng Investment has complied with information disclosure obligations as per the relevant laws and regulations [15][16] - There have been no significant violations of securities laws by Dongfeng Investment or its executives in the six months prior to the acquisition [16]

Group 1 - The core point of the acquisition report is that Dongfeng Investment plans to merge with Dongfeng Group Co., Ltd., acquiring 1,100,000,000 shares of Dongfeng Motor Co., Ltd., which will result in Dongfeng Investment holding 55% of the shares, thus becoming the controlling shareholder of Dongfeng Motor Co., Ltd. [1][10][15] - The acquisition is based on the provisions of the Company Law and the Securities Law of the People's Republic of China, and it has been authorized and approved according to the necessary legal procedures [1][10][12] - The acquisition will not change the actual controller of Dongfeng Motor Co., Ltd., which remains under the State-owned Assets Supervision and Administration Commission of the State Council [1][15][16] Group 2 - Dongfeng Investment was established on December 31, 1992, with a registered capital of 61.05 million yuan, and is a wholly-owned subsidiary of Dongfeng Motor Group Co., Ltd. [2][3] - The financial data for Dongfeng Investment shows total assets of 432,063.69 million yuan, net assets of 357,058.02 million yuan, and a net profit of 44,911.15 million yuan for the year 2024 [9][10] - Dongfeng Group Co., Ltd., the controlling shareholder of Dongfeng Investment, has a registered capital of 1,560,000 million yuan and is also wholly owned by the State-owned Assets Supervision and Administration Commission [2][3][7] Group 3 - The acquisition will be executed through a merger agreement signed on August 22, 2025, which stipulates that Dongfeng Investment will inherit all assets, liabilities, rights, and obligations of Dongfeng Group Co., Ltd. [1][10][12] - The acquisition does not involve any restrictions on the transfer of shares, as all shares held by Dongfeng Group Co., Ltd. are freely tradable [1][15][16] - There are no plans for significant changes to the main business operations or management structure of Dongfeng Motor Co., Ltd. in the next 12 months following the acquisition [16][18]

Core Viewpoint - Dongfeng Motor Group Co., Ltd. announced that its subsidiary, Lantu Automotive, will be listed on the Hong Kong Stock Exchange through an introduction listing, while Dongfeng Group will simultaneously complete its privatization and delisting [1][4]. Group 1: Transaction Structure - The transaction involves a combination of "equity distribution + absorption merger," with two core components being interdependent and progressing simultaneously [2][3]. - Dongfeng Group will distribute 79.67% of its shares in Lantu Automotive to all shareholders, followed by Lantu's introduction listing on the Hong Kong Stock Exchange [2][3]. Group 2: Financial Details - H-share shareholders will receive 0.3552608 shares of Lantu for each H-share held, along with a cash cancellation price of HKD 6.68 per share [2][7]. - The total acquisition price is set at HKD 10.85 per share, comprising a cash component of HKD 6.68 and an equity component valued at HKD 4.17 [7]. Group 3: Market Context and Performance - Dongfeng Group's stock has been undervalued, with a market capitalization of HKD 39.12 billion and a price-to-book (PB) ratio of only 0.25 as of July 31, 2025 [6]. - In contrast, Lantu Automotive has shown strong growth, delivering 85,697 vehicles in 2024, a year-on-year increase of approximately 70%, and has maintained a monthly sales volume exceeding 10,000 units since the beginning of 2025 [6][4]. Group 4: Strategic Implications - The innovative transaction structure is expected to strengthen Dongfeng's strategic positioning and set a benchmark for reform and innovation within the state-owned enterprise sector [4]. - Following the listing, Lantu Automotive aims to enhance its financing channels, improve brand image, and expand international operations, leveraging its advanced technology and product quality [6].

Market Performance - The Hong Kong stock market indices continued to rise, with the Hang Seng Index up 1.23% to 25,077.62 points, the Tech Index up 4.06% to 5,674.31 points, and the China Enterprises Index up 0.73% to 8,947.79 points [2] - The Hang Seng Index has seen a cumulative increase of over 13% since its rise began in May, despite a volatile performance in August [3] Reasons for Underperformance - Compared to A-shares, the Hang Seng Index's performance has lagged, with the Shanghai Composite and ChiNext rising 7.97% and 15.32% respectively [5] - Key reasons for the underperformance include: - Liquidity issues, with the Hibor rate rising sharply from near zero to nearly 3%, tightening liquidity in the Hong Kong banking sector [5] - Continuous downward revisions in earnings forecasts, with the 2025 earnings expectation for the Hang Seng Index down to -1.4% and nearly 60% of constituent stocks facing earnings downgrades [5] - A decline in the AH premium below 125%, reducing the attractiveness of Hong Kong stocks for dividend-seeking investors [5] Notable Stock Performances - Dongfeng Motor Group (00489.HK) led the market with an 88.04% increase, attributed to its subsidiary Lantu Motors' upcoming listing and the company's privatization [6] - LiJin Technology (00558.HK) rose 69.94% after signing strategic cooperation agreements for a magnesium alloy humanoid robot project [6] - Rongchang Bio (09995.HK) increased by 62.77% following positive clinical trial results for its core product [6] - Gold stocks like Lingbao Gold (03330.HK) and China Gold International (02099.HK) saw increases of 15.46% and 61.48% respectively, benefiting from rising international gold prices [6] Sector Highlights - Cryptocurrency stocks performed well, with notable increases in Guotai Junan International (01788.HK) and Huajian Medical (01931.HK) [8][9] - Pharmaceutical stocks gained attention, with WuXi Biologics (02269.HK) and WuXi AppTec (02359.HK) rising 6.96% and 6.52% respectively [10][11] - Gold stocks were boosted by favorable market conditions, with Lingbao Gold and others seeing significant gains [12][13] - Lithium battery stocks benefited from supply concerns and industry signals aimed at reducing competition, with TianNeng Power (00819.HK) rising 10.79% [14][15] Weak Performances - The film and entertainment sector saw declines, with major players like DaMai Entertainment (01060.HK) and Huayi Brothers (5.48.HK) experiencing significant drops [18][19] - Shipping stocks also performed poorly, with COSCO Shipping Holdings (01919.HK) reporting a decrease in profits amid weak demand [20] Individual Stock Movements - ZhiZi Cheng Technology (09911.HK) surged nearly 20% after reporting a 40% increase in revenue for the first half of the year [22][23] - China Nonferrous Mining (01258.HK) rose 8.37% with a 20.2% increase in net profit despite a revenue decline [24]

2025 年 8 月 29 日 交易披露 交易是為本身帳戶進行的。 | 交易方 | 日期 | | 有關證券的說 | 產品說明 | 交易性質 | 與衍生工具有 | 到期日或清結 | 參考價 | 已支付／已收取 | 交易後數額（包 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 明 | | | 關的參照證券 | 日 | | 的總金額 | 括與其訂有協議 | | | | | | | | 數目 | | | | 或達成諒解的任 | | | | | | | | | | | | 何人士的證券） | | CICC | 2025年 | 8月28 | 衍生工具 | 其他類別產品 | 清結衍生工具合約 | 288,000 | 2025年 8 月28 | $8.9883 | $2,588,631.4300 | 0 | | Financial | 日 | | | | | | 日 | | | | | Trading | | | 衍生工具 | 其他類別產品 | 清結衍生工具合約 | 134,000 | 2025年 8 月28 | $ ...

2025 年 8 月 29 日 透過合併進行私有化 就東風汽車集團股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說 | 交易性質 | 買入／賣 | 涉及的股份 | 已支付／已收取 | 已支付或已 | 已支付或已 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | 出 | 總數 | 的總金額 | 收取的最高 | 收取的最低 | | | | | | | | | | | 價（H） | 價（L） | | CICC | 2025 | 年 | 8 月 | 其他類別的證 | 將因客戶主動發出且由客戶需求帶動的交易而 | 買入 | 516,000 | $4,639,524.2800 | $8.9962 | $8.9883 | | Financial | 28 日 | | | 券 (例如: 股 | 產生的自營交易持倉清結／平倉／解除。我確 | | | | | | | Trading | | | | 權 ...

Core Viewpoint - Lantu Automotive is set to launch approximately four new models next year, indicating a strong growth trajectory and strategic partnerships in the autonomous driving sector [1][3]. Group 1: Product Launch and Sales Performance - At the Chengdu Auto Show on August 29, Lantu unveiled the new Lantu Dreamer, available in intelligent super hybrid and intelligent pure electric versions, with a pre-sale price range of 389,900 to 459,900 yuan [2]. - Lantu aims to deliver 85,697 vehicles in 2024, representing a year-on-year growth of about 70%. Since 2025, the company has achieved over 10,000 monthly sales for five consecutive months, with July's delivery surpassing 12,000 units [2]. Group 2: Strategic Partnerships and Market Position - In early 2024, Lantu signed a strategic cooperation agreement with Huawei, adopting the HI model, which includes the HarmonyOS cockpit and the QianKun intelligent driving system [2]. - The company is working closely with JianZhi to launch around 10 models across various brands, including Lantu and Yipai, over the next year, with a focus on capturing market share in the mid-level intelligent driving segment [3]. - JianZhi has received a $100 million investment from Chery this year, indicating a tightening collaboration on vehicle models [3].

Core Viewpoint - Lantu Automotive has officially launched its pure electric SUV, Lantu Zhiyin, with a price range of 202,900 to 242,900 yuan, targeting family users [1] Group 1: Product Features - Lantu Zhiyin is equipped with a full-version Huawei advanced driver assistance system, featuring 192-line LiDAR, 29 high-performance sensors, and 3 4D millimeter-wave radars [1] - The vehicle boasts a space utilization rate of 90.8% and offers 5.2 square meters of interior space [1] - Standard features include a co-driver zero-gravity seat, EDC adjustable damping suspension, a cooling and heating refrigerator, and the VOYAH Sound audio system [1] Group 2: Charging Technology - The vehicle utilizes 5C supercharging technology, claiming a peak charging power of 440 kW, with a charging time of 11.5 minutes to go from 10% to 80% [1] Group 3: Company Background - Lantu Automotive is a new energy brand under Dongfeng Motor Group, and Lantu Zhiyin is its first product based on a pure electric platform [1]

金融界2025年8月29日消息，国家知识产权局信息显示，博泰车联网科技（上海）股份有限公司、东风 汽车集团股份有限公司取得一项名为"基于蓝牙的手机省流方法与系统"的专利，授权公告号CN 114630370 B，申请日期为2020年12月。 天眼查资料显示，博泰车联网科技（上海）股份有限公司，成立于2009年，位于上海市，是一家以从事 汽车制造业为主的企业。企业注册资本13955.4349万人民币。通过天眼查大数据分析，博泰车联网科技 （上海）股份有限公司共对外投资了34家企业，参与招投标项目17次，财产线索方面有商标信息352 条，专利信息2402条，此外企业还拥有行政许可2个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

Core Viewpoint - Dongfeng Group is undergoing significant strategic adjustments, including privatization and the listing of its subsidiary, Lantu Motors, in response to declining performance and aims to enhance operational efficiency and collaboration with Huawei [2][6][7]. Group 1: Financial Performance - In the first half of 2025, Dongfeng Group's vehicle sales reached 824,000 units, a year-on-year decline of 14.7% [2] - The company reported revenue of 54.533 billion yuan, an increase of 6.6% year-on-year [2] - Net profit attributable to shareholders was 55 million yuan, down 91.96% year-on-year [2] - Dongfeng's self-owned passenger vehicle sales were 221,000 units, up 17.5% year-on-year, with a gross margin of 13.1%, an increase of 4.1 percentage points [5] Group 2: Strategic Adjustments - Dongfeng Group is accelerating professional integration and clarifying strategic positioning among its business segments [3] - The company has initiated a major management restructuring in its new energy vehicle sector since August 2023 [3] - Dongfeng established Dongfeng Yipai Technology in June 2025 to integrate resources across its brands, aiming for over one million new energy vehicle sales by 2025 [3] Group 3: Collaboration with Huawei - Dongfeng has formed a comprehensive strategic partnership with Huawei, focusing on smart vehicle technology, digital transformation, and ecosystem development [6] - The collaboration aims to adopt Huawei's advanced management practices and product development processes [6][7] - Dongfeng is exploring the expansion of technical cooperation with Huawei into the commercial vehicle sector, potentially transforming market dynamics [7] Group 4: Market Response - The privatization and listing of Lantu Motors signal Dongfeng's strategic shift, receiving positive market feedback with a nearly 70% stock price increase on the first trading day post-announcement [7]