Core Viewpoint - Morgan Stanley increased its stake in China Tower (00788) by acquiring 9,134,873 shares at a price of HKD 11.6014 per share, totaling approximately HKD 106 million, raising its total holdings to about 282 million shares, representing a 6.05% ownership [1] Group 1 - Morgan Stanley's recent purchase of shares indicates a bullish outlook on China Tower's future performance [1] - The total investment made by Morgan Stanley in this transaction is approximately HKD 106 million [1] - Following the acquisition, Morgan Stanley's total shareholding in China Tower is now approximately 282 million shares [1]

Group 1 - Morgan Stanley increased its stake in China Tower (00788) by 9.134873 million shares at a price of HKD 11.6014 per share, totaling approximately HKD 106 million [1] - After the increase, the total number of shares held by Morgan Stanley is approximately 282 million, representing a holding percentage of 6.05% [1]

Core Viewpoint - The strategic cooperation agreement signed between China Carbon Neutrality, China Tower Corporation, and China Recycled Resources Development Group aims to explore innovative collaboration models under the carbon neutrality goal, focusing on building a lithium battery recycling ecosystem and contributing to national carbon peak and neutrality strategies [1][2]. Group 1: Strategic Cooperation - The three parties will leverage their respective strengths in resources, technology, market, and industrial synergy to establish a standardized, high-coverage, and efficient lithium battery recycling system [1]. - The collaboration will focus on creating a sustainable lithium circular economy ecosystem and enhancing resource disposal capabilities to build a low-carbon circular industrial cluster [1][2]. Group 2: Future Outlook - The partnership will explore deep cooperation in areas such as energy storage station construction, carbon asset management, and green energy services, aiming to create a green industrial chain covering the entire lifecycle of battery production, usage, recycling, and regeneration [1][2]. - The cooperation is seen as a benchmark initiative for implementing the national dual carbon strategy, aligning with global energy transition and circular economy trends [2]. Group 3: Industry Impact - The collaboration is expected to enhance the group's comprehensive competitiveness in the carbon neutrality industry chain by addressing challenges such as the fragmentation of the lithium battery recycling industry and difficulties in traceability [2]. - By replacing primary minerals with recycled resources, the partnership aims to significantly reduce carbon emissions throughout the battery lifecycle and foster new business models like battery swapping and battery banks, thereby generating sustainable business growth and financial returns for the group [2].

Core Viewpoint - China Carbon Neutrality (01372.HK) has signed a strategic cooperation agreement with China Tower Corporation and China Recycled Resources Development Group, aiming to explore innovative cooperation models under the carbon neutrality goal and promote the construction of a lithium battery circular economy ecosystem [1]. Group 1 - The three parties will leverage their respective advantages in resources, technology, market, and industrial synergy [1]. - The collaboration is based on the principles of "complementary advantages, win-win cooperation, and green development" [1]. - The initiative aligns with the national strategy of "carbon peak and carbon neutrality" [1].

Core Viewpoint - The strategic cooperation agreement signed between China Carbon Neutrality (01372), China Tower Corporation, and China Recycled Resources Development Group aims to explore innovative collaboration models under the carbon neutrality goals, focusing on building a lithium battery recycling ecosystem and supporting national carbon peak and neutrality strategies [1][2]. Group 1: Strategic Cooperation - The three parties will leverage their respective strengths in resources, technology, market, and industrial synergy to establish a standardized, high-coverage, and efficient lithium battery recycling system [1]. - The collaboration will focus on creating a sustainable lithium battery circular economy ecosystem, enhancing resource disposal capabilities, and developing low-carbon circular industrial clusters [1][2]. Group 2: Future Outlook - The partnership will explore deep cooperation in areas such as energy storage station construction, carbon asset management, and green energy services, aiming to create a green industrial chain covering the entire lifecycle of battery production, usage, recycling, and regeneration [1]. - This cooperation is seen as a benchmark initiative for implementing the national dual carbon strategy, aligning with global energy transition and circular economy trends [2]. Group 3: Industry Impact - The collaboration is expected to enhance the group's comprehensive competitiveness in the carbon neutrality industry chain by addressing challenges such as the fragmentation of the lithium battery recycling industry and difficulties in traceability [2]. - By replacing primary minerals with recycled resources, the partnership aims to significantly reduce carbon emissions throughout the battery lifecycle and foster new business models such as battery swapping services and battery banks [2].

Group 1 - China Tower Corporation and Tower Energy Co., Ltd. have applied for a patent titled "A Method, System, Electronic Device, and Storage Medium for Battery Health Evaluation," with publication number CN121276337A and application date of September 2025 [1] - The patent involves a battery health evaluation method that establishes a standardized decision matrix to eliminate dimensional differences among evaluation indicators, constructs a correlation matrix, and extracts common factors to calculate core quantitative indicators [1] - The method aims to enhance the scientific and reliable evaluation of battery health by reducing subjective influence through factor analysis and providing data support for rational configuration and refined management of batteries [1] Group 2 - China Tower Corporation was established in 2014, located in Beijing, with a registered capital of 1,760,084.7102 million RMB, and has participated in 5,000 bidding projects [2] - Tower Energy Co., Ltd. was established in 2019, also located in Beijing, with a registered capital of 500,000 million RMB, and has participated in 2,002 bidding projects [2] - China Tower Corporation holds 1,005 patents and 181 trademark registrations, while Tower Energy Co., Ltd. has 85 patents and 57 trademark registrations [2]

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: 中國鐵塔股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00788 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,666,385,600 | RMB | | 1 RMB | | 4,666,385,600 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 4,666,385,600 | RMB | | ...

Core Viewpoint - Jiangsu Province and China Tower Corporation signed a strategic cooperation agreement to enhance collaboration in information communication infrastructure, application scenarios, and digital economy development, aiming for mutual benefits and higher-level cooperation [1] Group 1: Strategic Cooperation - The agreement was signed on December 29, with key officials from Jiangsu Province and China Tower Corporation present [1] - Jiangsu's leadership expressed hope for deepening cooperation in various sectors, including digital infrastructure and economic development [1] Group 2: Company Commitment - China Tower Corporation plans to leverage its strengths to meet Jiangsu's development needs [1] - The company aims to increase investment in digital infrastructure and innovate in smart IoT and green energy services [1] - The focus is on supporting Jiangsu's high-quality development and modernization efforts [1]

Core Viewpoint - The Wancheng District is implementing a ten-year road lighting energy cost management project to promote smart city governance, focusing on energy efficiency, safety, and intelligent management, without requiring upfront government investment [3][4][5]. Group 1: Project Overview - The project involves the management of 25,321 streetlights, with 41,457 lamps, primarily high-pressure sodium lamps, and only about 7,000 LED lamps [3]. - The district's budget for public streetlight electricity and maintenance in 2024 is projected to be 44.84 million yuan, with approximately 35.62 million yuan for electricity and 9.22 million yuan for maintenance [3]. Group 2: Challenges Addressed - Existing issues include aging infrastructure, inadequate illumination, reliance on manual inspections, and high energy consumption from traditional lighting systems [4]. - The project aims to address these challenges by implementing a systematic upgrade of public lighting facilities to enhance operational efficiency and safety [4]. Group 3: Implementation Details - The project is being executed by a consortium including China Tower Group, Hefei Daming Zhiliang Technology Co., and Liard (Hunan) Light Environment Cultural Development Co., using an energy cost management and smart service model [5]. - The upgrade will replace high-pressure sodium and old LED lamps with high-efficiency, low-power LED fixtures, and will include the installation of smart control systems for individual lamps [5][6]. Group 4: Energy Savings and Environmental Impact - The new LED lighting is expected to achieve over 50% energy savings, translating to an annual reduction of over 25 million kWh, equivalent to saving 8,000 tons of standard coal and reducing CO2 emissions by approximately 20,000 tons [6]. - The energy cost management model is projected to save about 13 million yuan annually, totaling 1.3 billion yuan over ten years [7]. Group 5: Smart Management Features - The smart platform allows for precise fault detection and rapid repairs, improving operational efficiency and maintaining a light rate of over 98% [8]. - The system will also enhance public safety by integrating video monitoring and other smart applications, transforming streetlights into multifunctional urban nodes [8][9]. Group 6: Future Goals - By 2026, Wancheng aims to establish an integrated system of smart lighting and urban governance, enhancing the overall quality of life and contributing to the district's "dual carbon" goals [9].

Core Viewpoint - The strategic cooperation agreement signed between Jiangsu Province and China Tower Corporation aims to enhance digital infrastructure and promote high-quality development in Jiangsu through collaboration in various sectors [1]. Group 1: Strategic Cooperation - Jiangsu Province and China Tower Corporation signed a strategic cooperation agreement on December 29 [1]. - The agreement is seen as an opportunity to deepen collaboration in information communication infrastructure, application scenarios, and digital economy development [1]. Group 2: Leadership and Support - Jiangsu leaders expressed gratitude for China Tower's contributions to the province's development [1]. - China Tower's chairman acknowledged Jiangsu's support and emphasized the company's commitment to increasing investment in digital infrastructure and innovative services [1].