Core Viewpoint - Fengsheng Holdings (00607) experienced a significant stock surge, rising by 160% at one point and currently up by 153.13%, with a trading volume of 4.8249 million HKD, following a major board reshuffle at China High-Speed Transmission [1] Group 1: Company Developments - On January 16, China High-Speed Transmission announced the resignation of 8 directors, including Executive Director and Chairman Hu Jichun, effective immediately [1] - The company appointed Li Zubin as Executive Director and Xie Wenjie, Lu Yuanzhu, and Liu Zhengyang as Independent Non-Executive Directors, all effective from January 16 [1] Group 2: Market Analysis - The control dispute at China High-Speed Transmission has been ongoing, with significant developments expected in the near future [1] - A key trigger for the board reshuffle was the overdue receivables of 6.64 billion CNY, which led to criminal investigations and raised shareholder concerns regarding the previous board's handling of the situation [1]

Group 1 - The stock of Fengsheng Holdings (00607) surged significantly, reaching a peak increase of 160% and currently trading at 0.405 HKD, with a transaction volume of 4.8249 million HKD [1] - On January 16, China High-Speed Transmission announced a major personnel change, with 8 directors resigning, including the executive director and chairman Hu Jichun, effective immediately [1] - Li Zubin was appointed as the executive director, while Xie Wenjie, Lu Yuanzhu, and Liu Zhengyang were appointed as independent non-executive directors, all recommended by Fengsheng Holdings [1] Group 2 - The control struggle over China High-Speed Transmission has been ongoing, with significant issues arising from overdue receivables amounting to 6.64 billion CNY, leading to criminal investigations [1] - The previous board's approach to investigating and handling these overdue receivables has raised shareholder concerns, which has been a key catalyst for the recent board reshuffle [1]

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12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: 豐盛控股有限公司 呈交日期: 2026年1月5日 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) | 00607 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,600,000,000 | HKD | | 0.5 | HKD | | 800,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 1,600,000,000 | HKD | | 0.5 | HKD | | 800,000,000 | 本月底 ...

Core Viewpoint - The Hong Kong High Court ruled against Ji Changqun, the chairman of Fengsheng Holdings, ordering him to repay approximately HKD 899 million in principal, with total debt potentially reaching HKD 1.2 billion due to accrued interest since June 2019 [1][5]. Group 1: Legal Proceedings - The lawsuit involves Ji Changqun and three companies related to a memorandum signed on March 13, 2019, with plaintiffs Majestic Plan International Limited and Profit Reach Ventures Limited, both subsidiaries of China Tianyuan Financial Group [2]. - The memorandum indicates that Majestic Plan invested HKD 680 million and Profit Reach invested HKD 520 million, totaling HKD 1.2 billion, with specified annual returns of 21.89% and 9% respectively [2]. Group 2: Court Findings - Ji Changqun claimed he was misled into signing the memorandum, asserting it was merely an internal report without legal effect, but the court found his arguments unconvincing due to his experience as a listed company chairman [3]. - The court determined that the memorandum had legal validity, as it included effective consideration, with obligations for the plaintiffs to transfer fund shares in case of default [3]. Group 3: Financial Implications - The court ordered Ji to pay approximately HKD 459 million to the first plaintiff and HKD 440 million to the second plaintiff, totaling around HKD 899 million, plus interest calculated at the best lending rate plus 1% since June 6, 2019 [4].

Core Viewpoint - The Hong Kong High Court ruled against Ji Changqun, the chairman of Fengsheng Holdings, ordering him to repay approximately HKD 899 million to two plaintiffs, with total debt potentially reaching HKD 1.2 billion due to accrued interest since June 2019 [1][6]. Group 1: Legal Proceedings - The lawsuit involves Ji Changqun and three companies based on a memorandum signed on March 13, 2019, with plaintiffs Majestic Plan International Limited and Profit Reach Ventures Limited, both subsidiaries of China Tianyuan Financial Group [2]. - The memorandum indicates that Majestic Plan invested HKD 680 million and Profit Reach invested HKD 520 million, totaling HKD 1.2 billion, with specified annual returns of 21.89% and 9% respectively [2]. - Ji Changqun claimed he was misled into signing the memorandum, asserting it was merely an internal report without legal effect, and argued that he did not intend to create a legal relationship [3]. Group 2: Court's Findings - The court found Ji Changqun's claims of being misled to be "inherently improbable" and lacking supporting evidence, thus rejecting his defenses [4]. - The judge determined that the memorandum had valid consideration, as the plaintiffs had obligations in case of Ji's default, which constituted legal "forbearance" [5]. - The court ruled that Ji Changqun must pay approximately HKD 459 million to the first plaintiff and HKD 440 million to the second plaintiff, totaling around HKD 899 million, plus interest calculated at the best lending rate plus 1% since June 6, 2019 [6]. Group 3: Background on Ji Changqun - Ji Changqun, born in 1968 in Anhui Province, co-founded Nanjing Fengsheng Industrial Holdings in 2002, initially in construction, later expanding into renewable energy, healthcare, and ecological agriculture [6]. - He acquired Fengsheng Holdings through a reverse takeover in 2013 and subsequently expanded his portfolio by acquiring stakes in various companies, significantly increasing his wealth, which was reported at HKD 28.98 billion in the 2018 Forbes China Rich List [6].

Core Viewpoint - The company has announced the proposal to appoint Baker Tilly Hong Kong Limited as the new auditor, pending approval from shareholders at a special general meeting [1] Group 1 - The appointment of Baker Tilly Hong Kong Limited is based on the recommendation of the company's audit committee [1] - The term of the new auditor will last until the conclusion of the next annual general meeting of the company [1] - The proposal requires approval from the company's shareholders to take effect [1]

Core Viewpoint - The company has proposed the appointment of a new auditor, BDO Limited, pending approval from shareholders at a special general meeting [1] Group 1 - The board of directors has resolved to recommend the appointment of BDO Limited as the new auditor [1] - The term of the new auditor will last until the conclusion of the next annual general meeting of the company [1] - The appointment is subject to approval by the company's shareholders at a special general meeting [1]

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佈的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 Fullshare Holdings Limited 豐盛控股有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：00607） 建議委任核數師 本公佈乃由豐盛控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港聯合交易 所有限公司證券上市規則（「上市規則」）第13.51(4)條作出。 茲提述本公司日期為二零二五年六月二十六日、二零二五年七月二十二日及二零二五年九月 十一日之公佈，內容有關(1)天職香港會計師事務所有限公司自二零二五年六月二十六日之本 公司股東週年大會結束後退任本公司核數師；(2)建議委任中興華鄭鄭會計師事務所有限公司 （「中興華」）為本公司核數師，惟須於二零二五年九月十一日舉行的本公司股東大會上獲股東 批准；及(3)於該股東大會舉行前中興華決定婉拒獲委任為本公司核數師。因此，本公司必須重 新委任核數師。 本公司董事會（「董事會」）宣佈，經本公司審核委員會（「審核委員會」 ...

Group 1 - The core issue involves a report made by Nanjing High Precision Transmission Equipment Manufacturing Group Co., Ltd. regarding the alleged misappropriation of 6.64 billion RMB in receivables and prepayments [1][2] - The Jiangning Branch of the Nanjing Public Security Bureau confirmed that there is no connection between the company and the reported misappropriation of funds [1][2] - All directors and executives of the company have also been cleared of any association with the alleged misappropriation [1][2] - The public security authorities provided a written response to the reporting party regarding the investigation results last week [1][2]

Core Viewpoint - The company Fengsheng Holdings (00607) has clarified that it is not involved in the alleged misappropriation of 6.64 billion RMB related to its subsidiary, Nanjing High Precision Transmission Equipment Manufacturing Group Co., Ltd, following an investigation by the Jiangning Branch of the Nanjing Public Security Bureau [1] Group 1 - The Jiangning Branch of the Nanjing Public Security Bureau received two directors from the company and lawyers from King & Wood Mallesons to discuss the case [1] - The investigation confirmed that there is no connection between the company and the reported misappropriation of 6.64 billion RMB [1] - All directors and executives of the company are also not associated with the alleged misappropriation [1]