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 | | | 致：香港交易及結算所有限公司 公司名稱: 恒都集團有限公司 呈交日期: 2026年2月2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) | 00725 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD 50,000,000 FF301 第 ...

Core Viewpoint - The global AMOLED smartphone panel market is projected to reach approximately 920 million units in 2025, representing a year-on-year growth of 4.7%, marking a new historical high despite a slowdown in growth rate compared to previous years [2]. Market Growth - The growth in the AMOLED smartphone panel market is driven by sustained demand for high refresh rates, flexible displays, and low-power screens in high-end smartphones, along with the continued adoption of AMOLED technology in mid-range models [2]. - The slowdown in growth is attributed to the increasing penetration of AMOLED in smartphones, particularly in the mid-to-high-end market, which has reached saturation, thereby narrowing the space for new demand [2]. Cost Pressures - Rising costs of core components, such as memory chips, are increasing the overall BOM (Bill of Materials) cost pressure, leading manufacturers to control costs more strictly. Some brands are delaying the introduction of flexible AMOLED in mid-range models, which suppresses further expansion of AMOLED panel shipments [2]. Regional Market Share - In 2025, Korean manufacturers hold 49.4% of the global AMOLED smartphone panel market, while domestic manufacturers account for 50.6%, marking a 1.3 percentage point increase year-on-year and achieving a historic milestone of surpassing 50% for the first time [5]. Company Performance - Samsung Display's (SDC) AMOLED panel shipments are expected to grow by 0.7% year-on-year, with market share declining from 43.2% to 41.5%, primarily due to shrinking demand for rigid AMOLED panels and increased loss of orders for mid-to-low-end flexible screens [6]. - BOE's performance is notable, with a year-on-year shipment growth of 9.0%, securing a 16.3% market share, and maintaining its position as the leading domestic manufacturer, driven by penetration in the mid-range market and breakthroughs in the high-end market, especially in the foldable screen sector [6]. - Visionox's shipments are projected to grow by 3.3% year-on-year, with a market share of 11.1%, despite a slight decline of 0.2 percentage points, indicating stable development supported by solid technical competitiveness and customer collaboration in the mid-range market [6]. Fourth Quarter Insights - In the fourth quarter of 2025, the AMOLED smartphone panel market is expected to maintain strong demand due to domestic and international promotional activities and the release of new models, with shipments projected at approximately 260 million units, reflecting a year-on-year growth of 6.1% and a quarter-on-quarter growth of 4.2% [9]. - In the fourth quarter, Korean manufacturers are expected to hold a 49.2% market share, while domestic manufacturers will account for 50.8%, marking a 2.6 percentage point increase year-on-year, indicating an accelerated trend of domestic substitution [9]. Company Dynamics in Q4 - Samsung Display's AMOLED panel shipments are expected to grow by 7.0% year-on-year, with a market share of 40.7%, showing a slight year-on-year increase of 0.3 percentage points, although its market dominance continues to weaken [10]. - BOE's AMOLED panel shipments are projected to grow by 2.8% quarter-on-quarter, maintaining a stable market share of 15.5%, supported by accelerated technology iteration and optimized customer structure [10]. - Tianma's AMOLED panel shipments are expected to grow by 20.0% year-on-year, with a market share increase of 1.3 percentage points to 11.6%, benefiting from stable orders from key customers and well-matched capacity release [10].

1月26日，恒都集团在港交所公告，由2026年1月15日至2026年1月23日期间，收购方东辉电线电缆有限 公司（公司全资附属公司）已在公开市场上收购合共8万股阿里巴巴股份，相当于阿里巴巴已发行股本 约0.00042%，总代价约为1347.2万港元（不包括交易成本），平均价格约为每股阿里巴巴股份168.40港 元。董事会预期阿里巴巴的未来前景及发展潜力是乐观的。董事相信该等交易可改善集团的投资组合表 现。 ...

Core Viewpoint - The company, 恒都集团, has announced the acquisition of 80,000 shares of Alibaba, representing approximately 0.00042% of Alibaba's issued share capital, for a total consideration of approximately HKD 13.472 million, indicating a strategic investment in a leading technology firm [1] Group 1: Acquisition Details - The acquisition will take place between January 15, 2026, and January 23, 2026 [1] - The average price paid per share for Alibaba was approximately HKD 168.40 [1] - The total cost of the acquisition is approximately HKD 13.472 million, excluding transaction costs [1] Group 2: Strategic Rationale - Alibaba is recognized as a leader in the information technology sector, which is crucial for economic development [1] - The board is optimistic about Alibaba's future prospects and development potential [1] - The transaction is expected to enhance the performance of the company's investment portfolio [1] Group 3: Transaction Fairness - The transaction was conducted in the open market, and the terms are considered fair and reasonable under general commercial terms [1] - The board, including independent non-executive directors, believes the transaction aligns with the overall interests of the company and its shareholders [1]

Core Viewpoint - 恒都集团 plans to acquire a total of 80,000 shares of Alibaba, representing approximately 0.00042% of Alibaba's issued share capital, for a total consideration of approximately HKD 13.472 million, at an average price of HKD 168.40 per share [1] Group 1: Company Actions - The acquisition will take place from January 15 to January 23, 2026, by a wholly-owned subsidiary of 恒都集团 [1] - The transaction is expected to enhance the investment portfolio performance of 恒都集团 [1] Group 2: Industry Outlook - Alibaba is recognized as one of the leaders in the information technology sector, which is crucial for economic development [1] - The board of 恒都集团 holds an optimistic outlook on Alibaba's future prospects and development potential [1] Group 3: Transaction Terms - The terms of the transaction are considered fair and reasonable under general commercial terms, aligning with the overall interests of 恒都集团 and its shareholders [1]

Group 1 - The core point of the article is that 恒都集团 (Hangdu Group) has announced the acquisition of 80,000 shares of Alibaba, representing approximately 0.00042% of Alibaba's issued share capital, for a total consideration of approximately HKD 13.472 million, excluding transaction costs, at an average price of HKD 168.40 per share [1] Group 2 - The acquisition took place in the open market between January 15 and January 23, 2026 [1] - The purchasing entity is a wholly-owned subsidiary of 恒都集团 [1] - The transaction reflects 恒都集团's strategic interest in Alibaba's shares [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 就 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 。 恒都集團有限公司* PERENNIAL INTERNATIONAL LIMITED (於百慕達註冊成立之有限公司 ) (股 份 代 號 ： 00725 ) 須 予 披 露 交 易 —收 購 上 市 證 券 該等交易 董事會宣佈，由 2026 年 1 月 15 日至 2026 年 1 月 23 日期間，收購方（本公司 全 資 附 屬 公 司 ）已在公開市場上收購合共 80,000 股阿里巴巴股份，相當於阿 里巴巴已發行股本約 0.00042%，總代價約為 13,472,000 港元（不包括交易成本）， 平均價格約為每股阿里巴巴股份 168.40 港元。 上市規則的涵義 由於多項上市規則 指 定 之 適用百分比率超過 5% ...

Core Viewpoint - The upcoming Chinese Lunar New Year is expected to lead to a tighter supply-demand situation for LCD TV panels in Q1 2026 due to production cuts by major manufacturers [1] Group 1: Industry Impact - Major LCD TV panel manufacturers, including BOE, TCL CSOT, and HKC, plan to implement production halts of five to ten days to reduce labor costs and mitigate the risk of increased inventory [1] - The overall LCD TV panel utilization rate is projected to decrease by 3.5 percentage points to 87.7% in the first quarter, indicating a shift towards a tighter supply-demand balance [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 FF301 II. 已發行股份及/或庫存股份變動 公司名稱: 恒都集團有限公司 呈交日期: 2026年1月2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) | 00725 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,00 ...

Core Viewpoint - Avaco, a South Korean display equipment manufacturer, is likely to secure a follow-up order for the second phase of BOE's 8.6-generation OLED production line, following a letter of intent (LOI) from BOE [1] Group 1: Business Developments - Avaco has received a purchase intention letter from BOE for the procurement of vapor deposition logistics equipment for the second phase of its OLED production line [1] - The B16 production line, located in Chengdu, Sichuan, China, is crucial for BOE's strategy in the tablet and laptop OLED market, with a planned capacity of 32,000 units per month [1] - Avaco's performance has rebounded significantly this year, with double-digit growth in both revenue and profit for the first three quarters, attributed to the successful delivery of the first phase project and the procurement opportunity for the second phase [1] Group 2: Technical Strengths - Avaco possesses sputtering coating equipment and vacuum logistics systems, along with expertise in atomic layer deposition (ALD) technology and related automation logistics technology for OLED packaging [4] - The product line of Avaco covers various display technologies, including LCD, OLED, and next-generation Micro LED [4] Group 3: Market Position and Strategy - Avaco has historically been a core supplier for the "LG system," having established a close partnership with LG Display since its inception [4] - To reduce reliance on a single customer and address cyclical fluctuations in the display industry, Avaco has been actively diversifying its customer base, focusing on the Chinese market [4] - In addition to BOE, Avaco is also engaging with other Chinese panel manufacturers such as TCL Huaxing and Tianma [4] Group 4: Business Expansion - Avaco is expanding its business beyond the display sector, transitioning towards lithium battery manufacturing equipment in response to the slowdown in display panel investments [4] - The company has successfully developed roll presses and slitters for battery electrode manufacturing, leveraging its expertise in rolling and precision handling, and has begun supplying to major battery manufacturers like LG Energy Solution [4]