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: 理文化工有限公司 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) | 00746 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 F ...

（原标题：理文化工(00746)附属拟租用越南土地） 智通财经APP讯，理文化工(00746)发布公告，于2025年12月25日，转租方Thanh Binh Phu My Joint Stock Company与越南理文化工(公司间接全资附属公司)订立转租合约，据此，(其中包括)越南理文化工同意 向转租方转租位于越南胡志明市的该土地连同其毗连水域面积，年期自2025年12月25日起至2077年12月 21日止，基础设施费约为15395.03亿越南盾(相当于约4.557亿港元)。 该土地位于越南胡志明市新富坊富美3特别工业区内，总占地面积约28.5万平方米，包含两块相连地 块，该等地块毗连约21,635平方米的水域面积。该土地作工业用途。 公司拟深化于越南市场的渗透及布局，以捕捉该土地附近潜在客户所带来的当地吸引销售价格及需求。 公司预期越南市场的需求将持续增长，因此对当地产能的需求亦随之增加。为支持其扩展及营运需求， 公司拟利用该土地兴建新的自营生产设施。公司预计该设施生产的大部份产品将于越南境内销售，使生 产与终端市场需求相匹配。 ...

公司拟深化于越南市场的渗透及布局，以捕捉该土地附近潜在客户所带来的当地吸引销售价格及需求。 公司预期越南市场的需求将持续增长，因此对当地产能的需求亦随之增加。为支持其扩展及营运需求， 公司拟利用该土地兴建新的自营生产设施。公司预计该设施生产的大部份产品将于越南境内销售，使生 产与终端市场需求相匹配。 该土地位于越南胡志明市新富坊富美3特别工业区内，总占地面积约28.5万平方米，包含两块相连地 块，该等地块毗连约21,635平方米的水域面积。该土地作工业用途。 格隆汇12月28日丨理文化工(00746.HK)公布，于2025年12月25日，转租方Thanh Binh Phu My Joint Stock Company与越南理文化工(公司间接全资附属公司)订立转租合约，据此，(其中包括)越南理文化工同意 向转租方转租位于越南胡志明市的该土地连同其毗连水域面积，年期自2025年12月25日起至2077年12月 21日止，基础设施费约为15395.03亿越南盾(相当于约4.557亿港元)。 ...

理文化工(00746)发布公告，于2025年12月25日，转租方Thanh Binh Phu My Joint Stock Company与越南 理文化工(公司间接全资附属公司)订立转租合约，据此，(其中包括)越南理文化工同意向转租方转租位 于越南胡志明市的该土地连同其毗连水域面积，年期自2025年12月25日起至2077年12月21日止，基础设 施费约为15395.03亿越南盾(相当于约4.557亿港元)。 公司拟深化于越南市场的渗透及布局，以捕捉该土地附近潜在客户所带来的当地吸引销售价格及需求。 公司预期越南市场的需求将持续增长，因此对当地产能的需求亦随之增加。为支持其扩展及营运需求， 公司拟利用该土地兴建新的自营生产设施。公司预计该设施生产的大部份产品将于越南境内销售，使生 产与终端市场需求相匹配。 该土地位于越南胡志明市新富坊富美3特别工业区内，总占地面积约28.5万平方米，包含两块相连地 块，该等地块毗连约21,635平方米的水域面积。该土地作工业用途。 ...

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 分 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。 LEE & MAN CHEMICAL COMPANY LIMITED 理文化工有限公司 （於開曼群島註冊成立及其成員責任為有限） （股份代號：746） 網 址： www.leemanchemical.com 須予披露交易 轉租越南土地 轉租事項 於 二 零 二 五 年 十 二 月 二 十 五 日，轉 租 方 與 越 南 理 文 化 工（本 公 司 之 間 接 全 資 附 屬 公 司）訂 立 轉 租 合 約，據 此，（其 中 包 括）越 南 理 文 化 工 同 意 向 轉 租 方 轉 租 位於越南胡志明市之該土地連同其毗連水域面積，年期自二零二五年十二月 二十五日起至二零七七年十二月二十一日止，基礎設施費約為1,539,503,099,000 越 南 盾（相 當 於 約455,715,0 ...

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 | | | FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 理文化工有限公司 呈交日期: 2025年12月3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) | 00746 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定 ...

Core Viewpoint - HanJia Design (300746.SZ) faces significant uncertainty following the investigation and detention of its subsidiary's chairman, Shen Gang, less than a year after acquiring a controlling stake in Suzhou Futai Technology Co., Ltd. for a premium of 236.57% and a total consideration exceeding 580 million yuan [1][5]. Group 1: Acquisition Details - The acquisition of Futai Technology was a strategic move for HanJia Design, aimed at transforming its business model in 2024, with the deal valued at approximately 581 million yuan for 51% of the shares [2][3]. - The valuation of Futai Technology was based on a total equity value of 1.14 billion yuan, while its net asset value was only about 340 million yuan, indicating a substantial premium [2][3]. - Shen Gang and related parties committed to performance guarantees, promising a cumulative net profit of no less than 216 million yuan for 2024 and 2025, with potential compensation if targets were not met [3]. Group 2: Financial Impact - Following the acquisition, Futai Technology became a major revenue source for HanJia Design, contributing approximately 370 million yuan in revenue and 41.69 million yuan in net profit in the first half of 2025 [4]. Group 3: Governance and Control Changes - Shen Gang's detention raises concerns about the future direction of HanJia Design, as he was expected to become the new controlling shareholder following the acquisition of shares from the previous major shareholder, Zhejiang Urban Construction Group [6][7]. - The transfer of control was linked to the acquisition of Futai Technology, making it a prerequisite for Shen Gang's entry into the company's leadership [6][7]. Group 4: Regulatory and Compliance Issues - As of August 2025, the necessary share transfer registration procedures for the control change had not been completed, indicating potential regulatory hurdles [8].

Market Performance - The Hang Seng Index increased by 1.26% this week, closing at 26,572.46 points, while the Tech Index decreased by 0.42% to 5,812.80 points, and the National Enterprises Index rose by 1.41% to 9,397.96 points [2][4]. Market Dynamics - The fluctuations in the Hong Kong stock market are closely related to external environments, particularly the impact of the U.S. government shutdown, which temporarily locked nearly one trillion dollars in liquidity, raising the cost of dollar funds and pressuring risk assets like U.S. and Hong Kong stocks [4]. - A recent report from Western Securities suggests that the end of the U.S. government shutdown may release previously "frozen" dollar liquidity, potentially leading to a liquidity-driven rally in the Hong Kong stock market [4]. Capital Inflows - Southbound capital has provided strong support, with net purchases through the Stock Connect exceeding HKD 1.3 trillion this year, totaling over HKD 5 trillion, indicating a shift towards a "semi-onshore market" where domestic capital plays a more significant role in pricing [4]. Sector Performance - Pharmaceutical stocks have seen renewed interest, with notable gains: - Gilead Sciences (01672.HK) up 45.40% - Clover Biopharmaceuticals (02197.HK) up 29.95% - Yummy (02589.HK) up 18.81% - The positive performance is attributed to strong Q3 results in innovative drugs and life sciences sectors [5]. - Other notable performers include: - HuShang Ayi (02589.HK) up 31.44% due to a new ten-year H-share incentive plan and reaching over 10,739 stores [5]. - Lee & Man Paper (00746.HK) up 17.37% benefiting from rising paper prices [5]. - Conversely, companies like Sanhua Intelligent Control (02050.HK) and Legend Holdings (06683.HK) faced declines of 10.93% and 19.82%, respectively, due to market risk aversion and concerns over equity dilution from a recent share placement [5]. Gold and Automotive Sectors - Gold stocks weakened following hawkish comments from Federal Reserve officials, with China Gold International (02099.HK) down 3.94% and Zijin Mining (02899.HK) down 2.94% [6][7]. - The automotive sector also faced declines, with Xpeng Motors (09868.HK) down 6.80% amid a drop in retail sales of passenger cars by 19% year-on-year for the first nine days of November [10][11]. Brokerage and Semiconductor Stocks - Chinese brokerage stocks adjusted, with major firms like GF Securities (01776.HK) and China Galaxy (06881.HK) experiencing declines due to a significant drop in new account openings [13]. - Semiconductor stocks also fell, influenced by a broader sell-off in U.S. tech stocks, with Shanghai Fudan (01385.HK) down 5.92% and SMIC (00981.HK) down 2.78% [14][16]. Individual Stock Movements - Lehua Entertainment (02306.HK) rose nearly 8% amid speculation regarding a contract renewal with a prominent artist [18]. - Zhonghui Biopharmaceuticals (02627.HK) increased by over 6% after announcing the initiation of Phase I clinical trials for its flu vaccines [19].

Core Viewpoint - The stock of Jiangsu Lihua Chemical Co., Ltd. (00746) has seen a significant increase, with a rise of over 10% during trading, attributed to the surge in the price of vinyl carbonate (VC), a key additive in lithium battery electrolytes [1] Company Summary - Jiangsu Lihua Chemical has invested 560 million yuan in a new lithium battery electrolyte project, which was completed and accepted at the end of July this year, marking the company's entry into the new energy sector [1] - The company's vinyl carbonate product boasts a purity of 99.999%, which can significantly enhance battery cycle life and charge-discharge efficiency [1] Industry Summary - As of November 12, the price of vinyl carbonate has risen to 77,500 yuan per ton, a 63% increase from the price of 47,500 yuan per ton on September 1 [1] - The recent price increase is primarily driven by the growing demand for energy storage both domestically and internationally, leading to a reversal in the supply-demand dynamics within the industry [1]

Core Viewpoint - The stock of Lihua Chemical (00746) has seen a significant increase, with a rise of over 10% during trading, attributed to the surge in the price of vinyl carbonate (VC), a key additive in lithium battery electrolytes [1] Company Summary - Lihua Chemical's stock price rose to 5.87 HKD, with a trading volume of 12.405 million HKD [1] - The company has invested 560 million CNY in a new lithium battery electrolyte project, which was completed and accepted at the end of July this year, marking its entry into the new energy sector [1] - The purity of Lihua Chemical's vinyl carbonate product can reach 99.999%, significantly enhancing battery cycle life and charge-discharge efficiency [1] Industry Summary - As of November 12, the price of vinyl carbonate (VC) has increased to 77,500 CNY per ton, a 63% rise from the price of 47,500 CNY per ton on September 1 [1] - The recent price increase is primarily driven by the growing demand for energy storage both domestically and internationally, leading to a reversal in the supply-demand dynamics of the industry [1]