Core Viewpoint - The Hong Kong Stock Exchange announced adjustments to stock option position limits for 36 companies, increasing limits for 26 companies and decreasing limits for 10 companies, effective April 1, 2026 [1]. Group 1: Companies with Increased Position Limits - New World Development (00017) will see its position limit increase from 50,000 to 150,000 contracts [2]. - MTR Corporation (00066) will have its limit raised from 50,000 to 100,000 contracts [2]. - Geely Automobile (00175) will also have its limit increased from 50,000 to 100,000 contracts [2]. - Other notable increases include BYD Electronic (285) from 100,000 to 200,000 contracts and China Biologic Products (1177) from 50,000 to 250,000 contracts [2]. Group 2: Companies with Decreased Position Limits - China Railway Group (601390) will see its limit reduced from 250,000 to 200,000 contracts [3]. - China Overseas Land & Investment (00688) will have its limit cut from 100,000 to 50,000 contracts [3]. - China Tower (00788) will experience a decrease from 200,000 to 100,000 contracts [3]. - Other significant reductions include China Minmetals (2319) from 250,000 to 150,000 contracts and Sunny Optical Technology (2382) from 100,000 to 50,000 contracts [3].

Group 1 - China Tower Corporation and Tower Intelligent Technology Co., Ltd. have applied for a patent titled "Video Intelligent Annotation Method, System, Storage Medium, and Equipment," with publication number CN121309880A, and application date set for September 2025 [1] - The patent application falls within the field of video data processing technology, providing a method that includes selecting a video dataset for annotation, setting label information, creating annotation tasks, and processing frame data based on the label information to return annotation results [1] - The method aims to improve annotation efficiency and accuracy by checking the results against preset standards and generating optimization tasks if necessary [1] Group 2 - China Tower Corporation was established in 2014, located in Beijing, primarily engaged in civil engineering construction, with a registered capital of 1,760,084,710.2 RMB [1] - The company has made investments in four enterprises, participated in 5,000 bidding projects, and holds 1,038 patents along with 181 trademark information entries [1] - Tower Intelligent Technology Co., Ltd. was founded in 2019, also based in Beijing, focusing on software and information technology services, with a registered capital of 100,000,000 RMB [2] - The company has invested in one enterprise, participated in 1,528 bidding projects, and holds 123 patents [2]

Group 1 - JPMorgan Chase & Co. reduced its stake in China Tower Corporation (00788.HK) by selling 9.535 million shares at an average price of HKD 11.5814 per share, amounting to approximately HKD 110 million [1] - Following the reduction, JPMorgan's total holdings in China Tower decreased to 272,915,946 shares, representing a decline in ownership from 6.05% to 5.84% [1]

Group 1 - Morgan Stanley reduced its stake in China Tower Corporation (00788) by 9.535144 million shares at a price of HKD 11.5814 per share, totaling approximately HKD 110 million [1] - After the reduction, Morgan Stanley's remaining shareholding is approximately 273 million shares, representing a stake of 5.84% [1]

Core Viewpoint - Morgan Stanley has reduced its stake in China Tower Corporation (00788) by selling 9.535144 million shares at a price of HKD 11.5814 per share, totaling approximately HKD 110 million. After the sale, the latest shareholding stands at approximately 273 million shares, representing a 5.84% ownership stake [1]. Group 1 - Morgan Stanley sold 9.535144 million shares of China Tower Corporation [1] - The sale price was HKD 11.5814 per share, amounting to around HKD 110 million [1] - Post-sale, Morgan Stanley's holding in China Tower is approximately 273 million shares, equating to a 5.84% ownership [1]

Group 1 - Morgan Stanley reduced its stake in China Tower (00788) by 9.535144 million shares on January 6, with a price of HKD 11.5814 per share, totaling approximately HKD 110 million [1] - After the reduction, Morgan Stanley's latest shareholding is approximately 273 million shares, representing a holding percentage of 5.84% [1]

Group 1 - JPMorgan Chase & Co. increased its stake in China Tower Corporation (00788.HK) by purchasing 9.135 million shares at an average price of HKD 11.6014 per share, totaling approximately HKD 106 million [1] - Following the acquisition, JPMorgan's total holdings in China Tower reached 282,451,090 shares, raising its ownership percentage from 5.85% to 6.05% [1]

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].