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，概不對因本公告全部或任何部 份 內容而産生或因 倚 賴該等內容而引致的任何損失承擔任何責任。 於2025年4月30日舉行之2025年股東周年大會 投票表決結果 及 董事之退任 及 董事委員會成員之變更 董事會欣然宣佈，載於 2025 股東周年大會通告內之所有決議案已 於 2025 股 東周年大會上獲股東以投票表決方式正式通 過。 謹此提述首 程控股 有限 公司（「本公司 」）於 2025 年 4 月 5 日 寄發予 本公司 股東（「股 東 」）之通函（「通 函 」），當中載有（其中包括 ）股東 周年 大 會通告（「2025 股 東 周年大會通告 」）。除文義另有所指外，本公告所用詞 彙與 通 函所界定者具有相同涵義。 – 1 – 自 2025 股東周年大會結束起生效： (a) 徐量先生已退任執行董事之職務； (b) 蔡奮強先生已退任獨立非執行董事之職務及不再擔任審核委員會 成 員 及薪酬委員會成員之職務；及 (c) 鄧有高先生已退任 獨 立 非 執行董事之職務及不再擔任審核委員 會 成 員 ...

Core Viewpoint - The chairman of Shoucheng Holdings, Zhao Tianyang, expressed a strong belief in the future development of the robotics industry, predicting that China will see the emergence of billion-dollar robotics companies, although this will be a long-term process requiring precise investment vision [1] Industry Insights - The robotics industry is expected to experience significant growth, with the potential for companies to reach valuations of over 100 billion yuan [1] - The investment landscape in the robotics sector is characterized by a need for patience and long-term capital support, as substantial returns are anticipated to materialize gradually from the time of company listings [1]

Group 1 - The core viewpoint of the report maintains the profit forecast for Shoucheng Holdings at HKD 604 million and HKD 706 million for 2025 and 2026 respectively, representing year-on-year growth of 47% and 17% [1] - The company is currently trading at 1.2 times the 2025 price-to-book ratio and 1.1 times the 2026 price-to-book ratio, with a target price set at HKD 2.50, corresponding to 1.8 times the 2025 price-to-book ratio [1] - The partnership agreement signed between Shoucheng Holdings' subsidiary and China Life focuses on establishing a partnership to invest in public REITs, with a total investment amount of RMB 5.237 billion [2] Group 2 - The partnership will invest in public REITs through strategic placements and non-public transactions, targeting key regions such as Beijing-Tianjin-Hebei, Xiong'an New Area, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Hainan Free Trade Zone [2] - As of April 25, 2025, there are 65 public REITs listed in China with a total issuance scale of nearly RMB 170 billion, indicating a growing market opportunity for the company [2] - The company is actively investing in the robotics industry through a RMB 10 billion robotics industry fund, focusing on humanoid and medical robots [3] Group 3 - A recent procurement plan from a Beijing robotics leasing company, totaling RMB 3 billion, aims to enhance the application of robots in various sectors such as education, healthcare, and elderly care [4] - Shoucheng Holdings established Beijing Shoucheng Robotics Technology Industry Co., Ltd. to accelerate the deployment of quality robotics products [4] - The collaboration with Tencent for investment in Yunji Intelligent, a company focused on household intelligent robots, is expected to broaden the company's growth potential [3]

转自：新华财经 "因此，这次设立的基金并不旨在开展简单的财务投资。"刘权锋说。 他表示，该基金现有投资人全部为险资和产业资本，在资金属性上具备长期"耐心资本"的特点；在投资 方向上，锚定公募REITs收益稳定的特征。未来该基金还将引入更多长期投资者加入。 "这次合作是强强联手、优势互补。"刘权锋说，中国人寿等大型险资能够提供长期稳定的资金和信用。 首程控股在基础设施投融资、智慧城市建设和基础设施不动产基金管理等领域有着丰富的经验，能识别 出具有良好发展前景和投资价值的项目。首程控股还可以促进项目公司与产业链上下游企业的合作，提 升基金投资项目的整体价值。 首程控股致力于公募REITs领域的全产业链布局 在国家积极推动金融创新、深化资本市场改革，大力发展REITs、盘活存量资产、优化资源配置等政策 背景下，自2019年起，首程控股将公募REITs列为重点布局方向，成为中国REITs道路上的先行者。 新华社北京4月24日电（记者余蕊）记者从首程控股有限公司了解到，首程控股近日与中国人寿、财信 人寿等联合发起设立了北京平准基础设施不动产股权投资基金。该基金目标规模100亿元，首期规模超 50亿元，是目前市场单只规模 ...

Core Viewpoint - The company has established a partnership to create a fund focused on investing in infrastructure public REITs, aiming to enhance investment returns and liquidity in the market [1][2]. Group 1: Partnership and Fund Establishment - The company, through its indirect wholly-owned subsidiary, has signed a partnership agreement with China Life, Caixin Life, and other entities to establish a limited partnership [1]. - The total investment amount from all partners in the newly formed partnership is RMB 5.237 billion [1]. Group 2: Investment Strategy and Objectives - The partnership will primarily invest in the initial and follow-on offerings of publicly raised infrastructure REITs through strategic placements [2]. - The fund will also engage in non-public transactions to acquire circulating shares of infrastructure public REITs, aiming for flexible asset allocation to enhance overall returns and liquidity [2]. - The initiative is expected to introduce long-term capital into the Chinese REITs market, linking excellent enterprises in the infrastructure sector nationwide and establishing strategic partnerships in the investment and financing domain [2].

Group 1 - The core viewpoint of the announcement is the establishment of a partnership to create an investment fund focused on infrastructure public REITs, aiming to enhance capital appreciation and provide satisfactory returns for partners [1][2][3][4] - The total investment amount for the partnership is RMB 5.237 billion, with a strategy to invest in publicly offered infrastructure securities investment funds and to construct a diversified asset portfolio [2][3] - The partnership will primarily invest in the initial issuance and expansion of public REITs, while also engaging in non-public transactions to enhance overall returns and liquidity [3][4] Group 2 - The collaboration with China Life reflects a proactive strategic layout in line with national policies, focusing on the infrastructure public REITs sector [4] - The company aims to leverage its experience and expertise to balance returns and scale, adopting a long-term investment and value investment philosophy [4] - The partnership seeks to create a virtuous cycle of revitalizing existing assets and new investments, solidifying the company's position as a leader in the Chinese REITs market [4]

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，概不對因本公告全部或任何部 份 內容而産生或因 倚 賴該等內容而引致的任何損失承擔任何責任。 須予披露交易 成立合夥企業 於 2025 年 4 月 23 日，本公司之間接全資附屬公司首景投資（作為有限合夥人）與中 國人壽、財信人壽（作為有限合夥人）和創弛企業管理（作為特殊有限合夥人），及本 公司之間接全資附屬公司北京朗佳與國壽置業作為普通合夥人（同時擔任執行事務合 夥人（北京朗佳與國壽置業統稱「執行事務合夥人」，各自為「執行事務合夥人」）） 簽訂了合夥協議，以成立合夥企業。國壽資本自合夥企業成立之日起擔任管理人（「管 理人」）。 合夥企業的目的是通過投資行為或從事與投資相關的活動，實現合夥企業的資本增值， 為合夥人創造滿意的投資回報。 由於根據上市規則第 14 章計算之一項或多項適用百分比率高於 5%，而全部適用百分 比率均低於 25%，成立合夥企業構成本公司之須予披露交易，並須遵守上市規則第 14 章項下的公告及申報之規定。 緒言 於 2025 年 4 月 23 日，以下各方簽署了合夥協 ...

首程控股(00697)发布公告，近日，公司的间接全资附属公司北京首景投资有限公司所投资的北京人形 机器人创新中心有限公司(北京人形机器人创新中心)和集团所属首程资本旗下公司(公司的全资附属公 司)所管理的北京机器人产业发展投资基金(有限合伙)(北京机器人基金)投资松延动力(北京)科技有限公 司(松延动力)，在2025年北京亦庄人形机器人半程马拉松中取得前二名的优异成绩，其中：北京人形机 器人创新中心的"天工Ultra"打破多项世界记录，标志着在人形机器人运动控制与具身智能领域实现关键 突破，为机器人下一步实现长时间高负载的具体应用奠定基础;松延动力使用已公开发售的"松延动力 N2"参赛，这一举措展示了其产品的市场成熟度和可靠性，也证明了商业化产品在极端环境下的优秀表 现，为机器人技术进一步走进日常生活奠定了坚实基础。 此次人形机器人半程马拉松的成功举行，不仅标志着中国科技持续向前推进，也是人形机器人从实验室 走向实际场景的关键转折。本次比赛进一步提升了公众对人形机器人技术的认知度，同时也验证了其在 灾害救援、巡检、陪护等实际场景中的可行性，为人形机器人产业的实用化发展奠定了基础。 未来，公司将加大在机器人领域 ...

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，概不對因本公告全部或任何部份內容 而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 香港，2025年4月22日 近日，本公司之間接全資附屬公司北京首景投資有限公司所投資的北京人形機器人創新 中心有限公司(「北京人形機器人創新中心」)和本集團所屬首程資本旗下公司（本公司 之全資附屬公司）所管理的北京機器人產業發展投資基金（有限合夥）(「北京機器人 基金」)投資松延動力（北京）科技有限公司(「松延動力」)，在2025年北京亦莊人形 機器人半程馬拉松(「人形機器人半程馬拉松」)中取得前二名的優異成績，其中：北京 人形機器人創新中心的「天工Ultra」打破多項世界記錄，標誌著在人形機器人運動控制 與具身智能領域實現關鍵突破，為機器人下一步實現長時間高負載的具體應用奠定基礎； 松延動力使用已公開發售的「松延動力N2」參賽，這一舉措展示了其產品的市場成熟度 和可靠性，也證明了商業化產品在極端環境下的優秀表現，為機器人技術進一步走進日 常生活奠定了堅實基礎。 此次人形機器人半程馬拉松的成功舉行，不僅 ...

Investment Rating - The report maintains an "Accumulate" rating for the mechanical equipment industry [1] Core Insights - The first humanoid robot marathon took place on April 19, 2025, in Beijing, with 21 robot teams participating in a 21-kilometer race [1][2] - The event showcased the capabilities of humanoid robots, with notable performances from TianGong Ultra and SongYan Power N2, highlighting advancements in robotic movement and control [4][6] - The use of reinforcement learning technology was prevalent among the participating robots, indicating a promising direction for future development in humanoid robotics [5][36] Summary by Sections Event Overview - The first humanoid robot marathon was held on April 19, 2025, in Beijing, featuring 21 robot teams competing in a half marathon [1][14] Participating Teams - A total of 21 humanoid robot teams participated, including notable entries like TianGong Ultra, Kuavo, and SongYan Power N2 [2][16] Race Format and Rules - Robots participated in the marathon through remote operation, with engineers accompanying them. Each robot started at one-minute intervals, maintaining a distance of over one meter from each other [3][19] Race Results - TianGong Ultra won the marathon with a time of 2 hours 40 minutes 42 seconds, benefiting from advanced technology and design [4][22] - SongYan Power N2 secured second and third places, demonstrating excellent stability and humanoid gait without requiring dedicated support [4][26] Future Development Directions - The marathon set three world records, emphasizing the need for improved robustness and hardware stability for commercial viability [32][35] - The report suggests that enhancing the robots' endurance and joint cooling capabilities is crucial for their long-term operational success [37] Investment Recommendations - The report recommends focusing on the supply chains of TianGong Robotics and SongYan Power, highlighting specific companies for potential investment [6][38]