Core Insights - Guangdong Pharmaceutical Yunshan Molecular Technology (Guangzhou) Co., Ltd. has been established with a registered capital of 500 million yuan, focusing on medical research and development, investment activities, and sales of Class II medical devices [1][2]. Company Information - The legal representative of the company is Kong Jian, and it is wholly owned by Baiyunshan (600332) [1]. - The company is registered in Huangpu District, Guangzhou, Guangdong Province, with a business scope that includes medical research and experimental development, technology services, and sales of medical devices [2]. Registration Details - The company was registered with a unified social credit code of 91440112MAEWX6L36M and has a business duration until September 30, 2025, with no fixed term thereafter [2]. - The registration address is located at Yichuang Street, Knowledge City, Huangpu District, Guangzhou [2].

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，概不對因本公告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。 董事會會議召開日期 董事會 中國廣州，2025年10月14日 於本公告日，本公司董事會成員包括執行董事李小軍先生、陳傑輝先生、程寧女士、程洪進先生、 唐和平先生與黎洪先生，及獨立非執行董事陳亞進先生、黃民先生、黃龍德先生與孫寶清女士。 廣州白雲山醫藥集團股份有限公司（「本公司」）董事會（「董事會」）茲通告謹定於2025年10月28日（星期 二）舉行董事會會議，藉以審議及批准本公司及其附屬公司截至2025年9月30日止九個月未經審計財 務業績及處理其他事項（如有）。 廣州白雲山醫藥集團股份有限公司 ...

格隆汇10月14日丨白云山(00874.HK)公布，谨定于2025年10月28日(星期二)举行董事会会议，藉以审议 及批准公司及其附属公司截至2025年9月30日止九个月未经审计财务业绩及处理其他事项(如有)。 ...

格隆汇10月14日丨白云山(00874.HK)公布，谨定于2025年10月28日(星期二)举行董事会会议，藉以审议 及批准公司及其附属公司截至2025年9月30日止九个月未经审计财务业绩及处理其他事项(如有)。 ...

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，概不對因本公告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。 董事會會議召開日期 廣州白雲山醫藥集團股份有限公司（「本公司」）董事會（「董事會」）茲通告謹定於2025年10月28日（星期 二）舉行董事會會議，藉以審議及批准本公司及其附屬公司截至2025年9月30日止九個月未經審計財 務業績及處理其他事項（如有）。 廣州白雲山醫藥集團股份有限公司 董事會 中國廣州，2025年10月14日 於本公告日，本公司董事會成員包括執行董事李小軍先生、陳傑輝先生、程寧女士、程洪進先生、 唐和平先生與黎洪先生，及獨立非執行董事陳亞進先生、黃民先生、黃龍德先生與孫寶清女士。 ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are Green Power Environmental (70.05%), China Telecom (69.96%), and COSCO Shipping Energy (68.73%) [1][2] - The companies with the largest increase in holding amounts over the last five trading days are Zijin Mining (+1 billion), Kuaishou (+0.981 billion), and Pop Mart (+0.624 billion) [1][2] - The companies with the largest decrease in holding amounts over the last five trading days are SMIC (-2.258 billion), Hua Hong Semiconductor (-1.222 billion), and Alibaba (-0.714 billion) [1][4] Hong Kong Stock Connect Holding Ratios - Green Power Environmental (01330) has a holding of 283 million shares, representing 70.05% [2] - China Telecom (00728) has a holding of 9.711 billion shares, representing 69.96% [2] - COSCO Shipping Energy (01138) has a holding of 891 million shares, representing 68.73% [2] - Other notable companies include Changfei Optical Fiber (06869) at 68.48% and China Shenhua (01088) at 67.25% [2] Recent Increases in Holdings - Zijin Mining (02899) saw an increase of 1 billion in holding amount, with a change of 29.19 million shares [2][4] - Kuaishou (01024) experienced an increase of 0.981 billion, with a change of 12.19 million shares [2][4] - Pop Mart (09992) had an increase of 0.624 billion, with a change of 2.39 million shares [2][4] Recent Decreases in Holdings - SMIC (00981) had a decrease of 2.258 billion in holding amount, with a change of 28.18 million shares [4] - Hua Hong Semiconductor (01347) saw a decrease of 1.222 billion, with a change of 13.86 million shares [4] - Alibaba (09988) experienced a decrease of 0.714 billion, with a change of 4.39 million shares [4]

Core Viewpoint - The dispute over the "Wang Lao Ji" trademark between Jia Duo Bao Group and Wang Lao Ji has escalated, with both parties claiming ownership and legitimacy of their respective trademarks in various jurisdictions [1][3][8]. Group 1: Trademark Ownership Claims - Jia Duo Bao Group asserts that it legally acquired the "Wang Lao Ji" trademark in the early 2000s and has registered it in over 60 countries and regions [1][3][5]. - Wang Lao Ji claims that the trademark ownership belongs to Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited, and they have legal documents to support their position [8]. - Both companies cite different court rulings to validate their claims, with Jia Duo Bao mentioning victories in Canadian and EU courts regarding their trademark registrations [8]. Group 2: Legal Actions and Responses - Wang Lao Ji has initiated legal challenges against Jia Duo Bao's trademark registrations in 21 countries, with 10 jurisdictions already ruling in favor of Wang Lao Ji by revoking Jia Duo Bao's trademark registrations [8]. - Jia Duo Bao emphasizes its commitment to protecting its brand and will take all necessary legal actions against any infringement or market disruption [5][6]. - The trademark registration strategies differ, with Jia Duo Bao using "WANG LAO JI" and "WONG LO KAT," while Wang Lao Ji has registered "WALOVI," although both parties agree on the Chinese name "王老吉" [8].

Core Insights - Wanglaoji's WALOVI international can has been launched in Germany, marking a significant step in the brand's internationalization strategy in the European market [1][2] - The entry into the German market is seen as a crucial move to capture the growing demand for plant-based beverages in Europe [1] Group 1: Market Entry and Strategy - Wanglaoji's WALOVI international can is the first product launched overseas after its global release in August [1] - The company aims to deepen its market presence in Europe by establishing a multi-channel market network through large supermarkets and dining channels [2] - Germany is identified as a key market due to its status as Europe's economic center and its high standards in the food market [1] Group 2: Market Context and Consumer Trends - Germany's GDP is projected to reach $4.66 trillion in 2024, accounting for over 20% of the EU's total economic output [1] - There is a rising consumer focus on healthy eating in Germany, particularly for natural, low-sugar, and plant-based beverage categories [1] - The Anuga exhibition attracted over 170,000 professional visitors and featured around 7,800 exhibitors from over 100 countries, highlighting the global interest in food and beverage innovations [2]

Core Viewpoint - The ongoing trademark dispute between Wanglaoji and JDB has escalated, with both companies making conflicting claims regarding the ownership of the "Wanglaoji" trademark in overseas markets [1][2][4]. Group 1: Background of the Dispute - The trademark conflict began in 2010 and has persisted for over a decade, with both companies now focusing on expanding their presence in international markets as domestic growth slows [5]. - JDB claims to have legally obtained the overseas rights to the "Wanglaoji" trademark in the early 2000s, while Wanglaoji asserts that JDB maliciously registered the trademark to hinder its international expansion [2][4]. Group 2: Legal Actions and Responses - Wanglaoji has registered the "Wanglaoji" and "WALOVI" trademarks in over 100 countries and regions, with clear ownership rights as of September 30, 2025 [3]. - Wanglaoji has initiated legal actions in 21 countries and regions, including Macau and Brazil, against JDB for trademark misuse, with 10 jurisdictions already supporting Wanglaoji's claims [3]. - JDB's response emphasizes its strategic intent to expand into over 60 countries and regions, claiming that its trademark registrations are aimed at market development [4]. Group 3: Market Strategies - Wanglaoji has launched international products under the "WALOVI" brand and plans to localize production in Malaysia, targeting the U.S. and Southeast Asia as key markets [5]. - JDB is also pursuing overseas expansion, focusing on markets in Southeast Asia and Hong Kong, with plans for a potential listing in Hong Kong [5]. Group 4: Legal Environment - Legal experts note that the trademark dispute is complicated by differing trademark governance systems across countries, leading to varying interpretations of trademark rights [6]. - The ongoing global market strategies of both companies suggest that the trademark conflict will continue to unfold through legal channels in various jurisdictions [6].

Core Viewpoint - The ongoing trademark dispute between Jia Duo Bao and Wang Lao Ji has intensified, with both companies making significant claims regarding their rights to the "Wang Lao Ji" brand in international markets [4][6][14]. Group 1: Trademark Ownership Claims - Jia Duo Bao asserts that it acquired the overseas trademark rights for "Wang Lao Ji" in the early 2000s and has since registered the trademark in over 60 countries [4][9]. - Wang Lao Ji claims that the current trademark owner is Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., and that it has registered the "Wang Lao Ji" and "WALOVI" trademarks in over 100 countries [13][14]. Group 2: Recent Developments - In August 2023, Wang Lao Ji launched its international core brand "WALOVI" and introduced four international canned products [6]. - Jia Duo Bao reported victories in multiple lawsuits in Canada and the EU, defending its overseas trademark rights [9]. Group 3: Historical Context - The trademark dispute dates back to 2012 when an arbitration ruling invalidated the trademark licensing agreements between Guangzhou Pharmaceutical Group and Jia Duo Bao's parent company [14]. - In 2023, a court ruled that Jia Duo Bao must pay 317 million yuan for trademark infringement, which Jia Duo Bao plans to appeal [14].