Core Points - The company announced that its subsidiary, China Merchants Shipping, has transferred its 25% stake in Lukai International [1] - The transaction was approved on June 26, 2025, and all preconditions for the deal have been met, with the completion of the transfer not affecting the company's normal operations [1] - The expected investment gain from this transaction is approximately 1.65 billion yuan (excluding tax impacts, based on audited data) [1] - Following the transaction, China Merchants Shipping's stake in Lukai International will decrease to 20%, while Lukai International will remain an associate company of the firm [1]

中國外運股份有限公司 Sinotrans Limited ( 於中華人民共和國註冊成立的股份有限公司 ) （股份代號：00598） 須予披露交易 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，且表明不會就本公告全部或任何部分內容所導 致或因倚賴該等內容而產生的任何損失承擔任何責任。 出售路凱國際 25%股權的完成公告 茲提述本公司日期為二零二五年六月二十六日的公告（「該公告」），內容有關本公 司擬出售路凱國際 25%的股權。除文義另有所指外，本公告所用詞彙與該公告所界定 者具有相同涵義。 截至二零二五年十月二十一日，出售事項的先決條件已全部達成並完成交割。根據出 售事項的代價以及路凱國際於二零二五年九月三十日體現在中國外運財務報表的賬面 價值，本集團預計自出售事項錄得收益（經扣除相關交易費用）約人民幣 16.5 億元 （不包括稅務影響），出售事項之財務影響最終以本公司經審計的財務報告中所載內 容為準。據此，本公司透過招商船企間接持有路凱國際 20%股權，路凱國際繼續為本 公司之聯營企業。 於本公告中，除另有指明外，美元按中國人民銀行於本公告日期公 ...

Core Insights - The article highlights the current premium rates of AH shares, with Northeast Electric (00042) leading at a premium rate of 881.82% [1] - The bottom three in terms of premium rates are Ningde Times (03750) at -17.23%, China Merchants Bank (03968) at 1.09%, and Hengrui Medicine (01276) at 1.64% [1] - The article also discusses the deviation values of these stocks, indicating significant discrepancies between their A-shares and H-shares [1] Premium Rate Rankings - The top three AH shares by premium rate are: 1. Northeast Electric (00042) with a premium rate of 881.82% and a deviation value of 68.11% [1] 2. Hongye Futures (03678) with a premium rate of 248.18% and a deviation value of 18.60% [2] 3. Zhejiang Shibao (01057) with a premium rate of 247.12% and a deviation value of 23.76% [1] - The bottom three AH shares by premium rate are: 1. Ningde Times (03750) with a premium rate of -17.23% and a deviation value of -2.71% [1] 2. China Merchants Bank (03968) with a premium rate of 1.09% and a deviation value of -3.46% [1] 3. Hengrui Medicine (01276) with a premium rate of 1.64% and a deviation value of 4.78% [1] Deviation Value Rankings - The top three AH shares by deviation value are: 1. Northeast Electric (00042) with a deviation value of 68.11% [1] 2. Shandong Molong (00568) with a deviation value of 29.50% [1] 3. Changfei Optical Fiber (06869) with a deviation value of 28.06% [1] - The bottom three AH shares by deviation value are: 1. Shanghai Electric (02727) with a deviation value of -27.72% [2] 2. China Foreign Transport (00598) with a deviation value of -17.01% [2] 3. COSCO Shipping Energy (01138) with a deviation value of -15.18% [2]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 918.87% and Ningde Times (03750) at -17.09% [1][2] Summary by Category Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 918.87% with a deviation value of 109.61% [2] - Hongye Futures (03678) follows with a premium rate of 246.28% and a deviation value of 16.95% [2] - Zhejiang Shibao (01057) ranks third with a premium rate of 241.04% and a deviation value of 19.03% [2] Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -17.09% with a deviation value of -2.80% [2] - Heng Rui Pharmaceutical (01276) has a premium rate of -1.38% and a deviation value of 1.69% [2] - China Merchants Bank (03968) has a premium rate of 0.51% with a deviation value of -4.32% [2] Top AH Share Deviation Values - Northeast Electric (00042) leads with a deviation value of 109.61% [2] - Changfei Optical Fiber (06869) has a deviation value of 31.51% [2] - Shandong Molong (00568) follows with a deviation value of 26.68% [2] Bottom AH Share Deviation Values - Shanghai Electric (02727) has the lowest deviation value at -25.42% [3] - China National Foreign Trade Transportation Group (00598) has a deviation value of -16.00% [3] - COSCO Shipping Energy Transportation (01138) has a deviation value of -14.18% [3]

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a decline of 1.29% in its closing price on October 17, with a trading volume of 53.86 million yuan [1] Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 16, the fund had a total of 320 million shares and a total size of 324 million yuan [1] - The fund's performance benchmark is the adjusted return of the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index [1] Group 2: Liquidity and Trading Activity - Over the last 20 trading days, the ETF recorded a cumulative trading amount of 1.048 billion yuan, with an average daily trading amount of 52.41 million yuan [1] Group 3: Fund Management - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -0.15% during the management period [1] Group 4: Top Holdings - The ETF's top holdings include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) - China Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) - China Pacific Insurance (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2]

Core Points - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed up 1.73% on October 15, with a trading volume of 78.84 million yuan [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 14, the fund had a total of 336 million shares and a total size of 331 million yuan [1] - Over the past 20 trading days, the fund's cumulative trading amount reached 1.084 billion yuan, with an average daily trading amount of 54.22 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -1.76% during the management period [1] Holdings Summary - The top holdings of the Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) [2] - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) [2] - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) [2] - China National Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) [2] - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) [2] - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) [2] - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) [2] - China People's Insurance Group (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) [2] - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) [2] - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2]

Core Insights - The Wanjiac ZHONGZHENG Hong Kong Stock Connect Central Enterprise Dividend ETF (159333) closed up 0.64% on October 14, with a trading volume of 81.81 million yuan [1] - The fund was established on August 21, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 13, 2024, the fund's latest share count was 342 million, with a total size of 482 million yuan, reflecting a decrease of 20.65% in shares and 6.18% in size since December 31, 2024 [1] Fund Performance - The current fund manager is Yang Kun, who has managed the fund since its inception, achieving a return of 41.58% during his tenure [2] - The ETF's performance benchmark is the ZHONGZHENG Hong Kong Stock Connect Central Enterprise Dividend Index, adjusted for valuation exchange rates [1] Liquidity and Trading Activity - Over the last 20 trading days, the ETF has accumulated a trading volume of 629 million yuan, with an average daily trading amount of 31.46 million yuan [1] - Year-to-date, the ETF has recorded a total trading volume of 7.48 billion yuan across 187 trading days, averaging 39.98 million yuan per day [1] Top Holdings - The ETF's major holdings include: - COSCO Shipping Holdings (6.96% of holdings) - Orient Overseas International (3.21%) - CITIC Bank (3.06%) - China National Petroleum (2.57%) - China Everbright Bank (2.52%) - China Ocean Shipping (2.51%) - Agricultural Bank of China (2.48%) - China National Offshore Oil (2.40%) - China Construction Bank (2.37%) - Industrial and Commercial Bank of China (2.29%) [2]

特此公告。 本公司董事会、全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国外运股份有限公司（以下简称：中国外运或公司）于 2025 年 7 月 31 日召开第四届董事会第十五次会议，审议通过了《关于对外投资暨关联交易的议 案》，同意公司在董事会通过之日起 12 个月内，以自有资金增持安通控股股份 有限公司（以下简称：安通控股）股份，增持规模不低于 3 亿元（含本数），不 高于 6 亿元（含本数），增持方式包括但不限于协议转让、大宗交易或集中竞价 交易等；并授权公司董事长及其书面授权人士根据上海证券交易所等相关法律法 规的规定确定增持价格等增持相关事宜并签署相关交易文件（如涉及）（以下简 称：本次增持事项）。2025 年 8 月 24 日，根据董事会的授权，披露由董事长结 合市场情况，在法律法规允许的条件下，择机开展增持交易（不受原设定增持价 格上限的约束）。具体情况详见公司于 2025 年 8 月 2 日发布的《第四届董事会 第十五次会议决议公告》（临 2025-057 号）、《关于对外投资暨关联交易的公 告》（临 2025-058 号 ...

格隆汇10月14日丨中国外运(00598.HK)发布公告，2025年8月4日至10月14日，公司已通过大宗交易及集 中竞价交易方式累计增持安通控股16,860.80万股股份，占安通控股总股本的比例约为3.98%，增持金额 约为人民币6亿元(不含税费)，已达到拟增持事项的增持规模上限，拟增持事项实施完毕。截至本公告 之日，公司合计持有安通控股16,877.42万股股份，占安通控股总股本的比例约为3.99%。 ...

Core Viewpoint - China National Freight Forwarding (00598.HK) has completed its share acquisition of Antong Holdings, reaching the maximum intended purchase amount of approximately RMB 600 million, which represents about 3.98% of Antong Holdings' total share capital [1] Group 1 - The company has cumulatively increased its holdings in Antong Holdings by 168.608 million shares from August 4 to October 14, 2025 [1] - The total shares held by the company in Antong Holdings now amount to 168.7742 million, representing approximately 3.99% of Antong Holdings' total share capital [1]