Core Viewpoint - OSL Group (00863) announces the appointment of Ms. Ko Chai Man as an independent non-executive director and member of the audit committee, nomination committee, and remuneration committee, effective from January 15, 2026 [1] Group 1 - Mr. Yang Huan has resigned from his position as an independent non-executive director and will no longer serve on the audit committee, nomination committee, and remuneration committee, effective from January 15, 2026 [1]

Group 1 - OSL Group (00863) announced the appointment of Ms. Gao Jiewen as an independent non-executive director, effective from January 15, 2026 [1] - Mr. Yang Huan has resigned from his position as an independent non-executive director to devote more time to personal matters, effective from January 15, 2026 [1]

OSL Group Limited OSL集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：863） 董事名單與其角色和職能 OSL集團有限公司自二零二六年一月十五日起董事會成員載列如下： 非執行董事 李金鴻先生 （ 主席 ） 崔崧先生 （ 行政總裁 ） 刁家駿先生 徐康女士 楊超先生 獨立非執行董事 周承炎先生 郟航先生 高潔雯女士 下表提供各董事會成員在該等委員會中所擔當職位： | 理 | 風 | 險 | 管 | 審 | 核 | 委 | 員 | 會 | 提 | 名 | 委 | 員 | 會 | 薪 | 酬 | 委 | 員 | 會 | 委 | 員 | 會 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 金 | 鴻 | 先 | 成 | 李 | 生 | 主 | 席 | 員 | 主 | 席 | | | | | | | | | | | | | 崔 崧 | 超 | 的 | 先 | 生 ...

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 之 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 或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 OSL Group Limited OSL集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：863） (2)董事委員會組成變更 委任獨立非執行董事 OSL 集 團 有 限 公 司（「 本 公 司 」）董 事 會（「 董 事 會 」）欣 然 宣 佈 ， 高 潔 雯 女 士（「 高 女 士」）已獲委任為獨立非執行董事，自二零二六年一月十五日起生效。 高女士的履歷詳情載列如下： 高潔雯，46歲，在全球資本市場、財務管理及上市合規方面擁有豐富經驗。她現 任廣州因明生物醫藥科技股份有限公司的首席財務官。在加入該公司之前，高女 士 於 二 零 一 二 年 至 二 零 二 一 年 期 間 擔 任 香 港 交 易 及 結 算 所 有 限 公 司 上 市 科 副 總 裁。更早前，她於二零零二年至二零一二年任職於畢馬威會計師事務所。高女士 於二零零 ...

Group 1: Geely Automobile - Geely Automobile achieved a total sales volume of 3.025 million vehicles in 2025, a year-on-year increase of 39%, exceeding its annual target [3] - The sales target for 2026 is set at 3.45 million vehicles, with brand-specific targets of 2.75 million for Geely (including Galaxy), 300,000 for Zeekr, and 400,000 for Lynk & Co [3] - The Galaxy brand significantly contributed to growth, with December 2025 sales exceeding 100,000 units, a 45% year-on-year increase, and total annual wholesale of 1.236 million units, up 149.9% [3][4] - Geely's export volume remained stable at 420,000 vehicles in 2025, with entry into 13 new markets and local production advancements in Egypt and Indonesia [5] Group 2: OSL Group - OSL Group completed the strategic acquisition of Banxa Holdings, enhancing its compliance and global payment capabilities [7] - Banxa serves as a bridge between traditional finance and digital assets, focusing on B2B payment solutions and compliance systems [8] - The acquisition is expected to significantly increase OSL's payment business revenue, with Banxa's revenue for the first half of 2025 projected at 53.93 million HKD [9] Group 3: Royal Technology - Royal Technology announced an employee stock ownership plan (ESOP) involving 48 core employees, representing 6.41% of the workforce, aimed at enhancing employee engagement and retention [13][15] - The ESOP includes performance targets for 2026, requiring a minimum of 12% growth in sales or net profit compared to 2025 [14][16] - The company is a leading producer of specialty surfactants, with a focus on customized products to meet diverse customer needs [17][18] Group 4: Huijia Times - Huijia Times reported a revenue of 1.868 billion CNY in the first three quarters of 2025, a 1.2% year-on-year increase, with a net profit of 80 million CNY, up 60.1% [20] - The company is implementing a self-reform strategy inspired by the "Pang Donglai" model, which has significantly boosted sales [21] - The company is also exploring low-altitude economy opportunities, integrating technology, logistics, and tourism for long-term growth [21] Group 5: Industry Trends - The photovoltaic industry is experiencing price increases, with polysilicon prices rising by approximately 10% week-on-week [33] - The wind power sector is seeing a surge in project approvals, with significant increases in both offshore and onshore wind projects expected in 2026 [34][35] - The energy storage market is expanding, with nearly 60 GWh of storage systems and equipment contracts awarded in December 2025 [36]

Core Viewpoint - OSL Group has completed the strategic acquisition of Banxa Holdings Inc., a leading Web3 payment service provider, which is expected to enhance OSL's compliance, B2B focus, and global expansion efforts [1][3]. Group 1: Acquisition Details - The acquisition aligns with both companies' emphasis on regulatory compliance and B2B operations, facilitating future business integration [1]. - Banxa operates as a bridge between traditional financial institutions and the digital asset space, focusing on B2B payment infrastructure and compliance systems [2]. - Banxa has established a strong market position in Australia and is actively pursuing international expansion since acquiring EU Internet Ventures B.V. in June 2020 [1][2]. Group 2: Business Synergies - Post-acquisition, OSL will gain over 40 trading and payment licenses across the US, Canada, EU, UK, and Australia, enhancing its global payment capabilities [3]. - The integration of Banxa's B2B payment solutions with OSL's digital asset trading and stablecoin services will create a comprehensive "trading + payment + deposit/withdrawal" service, increasing customer retention [3]. Group 3: Financial Projections - The acquisition is expected to significantly boost OSL's payment business revenue, with Banxa's revenue for the first half of 2025 projected at 53.93 million HKD [4]. - OSL's revenue for the same period is estimated at 195 million HKD, indicating a substantial increase in payment business income post-acquisition [4]. - Revenue forecasts for OSL from 2025 to 2027 are projected at 514 million HKD, 873 million HKD, and 1.172 billion HKD, with year-on-year growth rates of 37.12%, 69.91%, and 34.29% respectively [4].

Core Viewpoint - OSL Group has completed the strategic acquisition of Banxa Holdings Inc., enhancing its payment product line and global expansion strategy, maintaining a "buy" rating [1] Group 1: Company Overview - Banxa is a payment service provider (PSP) and regulatory technology company headquartered in Australia, Europe, and North America, focusing on bridging traditional financial institutions with the digital asset space since its inception in March 2014 [2] - Banxa has established a strong position in the Australian market and has shifted its strategic focus towards international expansion since acquiring EU Internet Ventures B.V. in June 2020 [2] Group 2: Business Model and Compliance - Banxa positions itself as a "bridge" service provider between fiat currencies and cryptocurrencies, rather than competing with traditional cryptocurrency exchanges [3] - The company has a payment gateway infrastructure supporting multi-currency exchanges and online payment services, ensuring compliance with local laws, AML, and KYC standards, which attracts major industry players as clients [3] Group 3: Strategic Benefits of Acquisition - The integration of Banxa's international payment network will provide OSL Group with over 40 trading and payment licenses across the US, Canada, EU, UK, and Australia, enhancing its global cash flow capabilities [4] - The acquisition will create synergies between Banxa's B2B payment solutions and OSL's digital asset trading and stablecoin business, improving customer retention and operational efficiency [5] Group 4: Financial Impact - Banxa's revenue for the first half of 2025 was HKD 53.93 million, which is expected to significantly boost OSL's payment business revenue, which was HKD 195 million for the same period [6] - Revenue projections for OSL from 2025 to 2027 are estimated at HKD 514 million, HKD 873 million, and HKD 1.172 billion, with year-on-year growth rates of 37.12%, 69.91%, and 34.29% respectively [6]

Core Insights - OSL Group has completed the strategic acquisition of Banxa Holdings Inc., enhancing its position in the stablecoin trading and payment platform sector, with a focus on compliance and global expansion [1] Group 1: Company Overview - Banxa is an Australian-based payment service provider and regulatory technology company, focusing on bridging traditional financial institutions with the digital asset space since its inception in March 2014 [2] - The company has established a strong presence in the Australian market and has shifted its strategic focus towards international expansion since acquiring EU Internet Ventures B.V. in June 2020 [2] Group 2: Strategic Benefits of Acquisition - The acquisition will provide OSL Group with over 40 trading and payment licenses across the US, Canada, EU, UK, and Australia, enhancing its global payment capabilities and supporting customer needs for fiat and cryptocurrency exchanges [3] - Banxa's B2B payment solutions will complement OSL's digital asset trading and stablecoin business, creating a one-stop service for trading, payment, and fund transfers, thereby increasing customer retention [4] Group 3: Financial Impact - Banxa's revenue for the first half of 2025 was HKD 53.93 million, which is expected to significantly boost OSL's payment business revenue, which was HKD 195 million in the same period [5] - Revenue projections for OSL Group post-acquisition are estimated at HKD 514 million, HKD 873 million, and HKD 1.172 billion for 2025-2027, with year-on-year growth rates of 37.12%, 69.91%, and 34.29% respectively [5]

来源：格隆汇APP 格隆汇1月9日｜亚洲领先的稳定币交易及支付平台OSL集团(0863.HK)今日宣布，凭借在数字资产领域 的卓越技术实力、严谨的合规体系以及深度产业赋能实践的综合实力，公司荣登"2025 毕马威中国金融 科技企业双50榜单"，跻身"综合金融科技"赛道的领军行列。作为香港数字资产行业的标杆，OSL集团 的入选不仅彰显了其在亚洲市场的领先地位，也体现了专业机构对其推动数字金融高质量发展的充分肯 定。 ...

Investment Rating - The investment rating for OSL Group is "Buy" (maintained) [1][7] Core Insights - The strategic acquisition of Banxa Holdings Inc. enhances OSL Group's compliance capabilities and global payment infrastructure, positioning the company for significant growth in the B2B sector [4][6] - OSL Group's revenue is projected to grow significantly, with estimates of HKD 514 million in 2025, HKD 873 million in 2026, and HKD 1.172 billion in 2027, reflecting growth rates of 37.12%, 69.91%, and 34.29% respectively [5][6] - The acquisition is expected to improve OSL's payment business revenue substantially, with Banxa's revenue for the first half of 2025 estimated at HKD 53.93 million [6] Financial Projections - Revenue projections for OSL Group are as follows: HKD 375 million for 2024, HKD 514 million for 2025, HKD 873 million for 2026, and HKD 1.172 billion for 2027 [5][7] - The forecasted net profit for OSL Group shows a loss of HKD 75.74 million in 2025, a slight loss of HKD 2.56 million in 2026, and a profit of HKD 194 million in 2027 [5][6] - The Price-to-Sales (P/S) ratio is expected to decrease from 29.90 in 2024 to 9.56 in 2027, indicating improved valuation as revenue grows [5][7]