Market Overview - The A-share market saw all three major indices close lower, with a total trading volume of 1.6 trillion yuan, a decrease of over 280 billion yuan compared to the previous trading day [1] - Over 1,500 stocks rose, with 55 stocks hitting the daily limit up [1] - The pharmaceutical sector led the gains, with stocks like Renmin Tongtai and Kaikai Industrial hitting the limit up [1] Investor Activity - In November, 2.3717 million new A-share accounts were opened, an increase of 69,500 accounts or 3.02% month-on-month [1] - Cumulatively, 24.7467 million new accounts were opened in the first 11 months, bringing the total number of individual A-share accounts to 394 million as of November 30, 2025 [1] Institutional Trading - In today's trading, 16 stocks were net bought by institutions, with four stocks seeing net purchases exceeding 100 million yuan [3] - Aerospace Development topped the list with a net purchase of 167 million yuan, followed by Shunhao Co. with 150 million yuan [4] Stock Performance - Notable stocks with significant institutional net buying include: - Aerospace Development: 16.35 yuan, up 10.03%, net buying of 167.38 million yuan [4] - Shunhao Co.: 9.71 yuan, up 9.97%, net buying of 150.48 million yuan [4] - Saiwei Electronics: 58.43 yuan, up 15.27%, net buying of 113.18 million yuan [4] - Guanghe Dao: 34.40 yuan, up 6.24%, net buying of 104.16 million yuan [4] Corporate Announcements - Aikang Co. plans to acquire 100% of Dongguan Silicon Xiang for 2.2 billion yuan, with the transaction expected to constitute a major asset restructuring [6] - Ningde Times has repurchased 15.9908 million A-shares for a total of 4.386 billion yuan as of November 30 [6] - Xi'an Yicai plans to invest approximately 12.5 billion yuan in a silicon material base project in Wuhan [6] Future Developments - Jiangbolong intends to raise no more than 3.7 billion yuan for high-end memory research and development in the AI field [8] - Zhongding Co. plans to issue convertible bonds to raise no more than 2.5 billion yuan for projects related to intelligent robots [7]

【导读】爱克股份拟以22亿元购买东莞硅翔100%股权，股票明日复牌 | 交易类型 | 交易对方 | | --- | --- | | 发行股份及支付现金购买资产 | 严若红、深创投制造业转型升级新材料基金(有限合伙)、 | | | 广州高澜节能技术股份有限公司等23 名交易对方 | | 募集配套资金 | 不超过 35 名特定投资者 | 12月2日晚间，爱克股份（300889）发布公告称，拟以22亿元购买东莞硅翔100%股权。公司股票将于12月3日（星期三）开市起复牌。 经交易各方协商，东莞硅翔100%股权的交易价格暂定为22亿元。 爱克股份表示，通过本次交易，公司将进一步强化第二增长曲线，完善新能源板块的业务链，将业务拓展至数据中心液冷领域。 经公司申请，爱克股份股票将于12月3日（星期三）开市起复牌。 拟以22亿元购买东莞硅翔100%股权 爱克股份股票复牌 12月2日晚间，爱克股份发布公告称，拟通过发行股份及支付现金的方式向严若红等23名交易对象购买东莞硅翔100%股权，并向不超过35名特定投资者发 行股份募集配套资金。 自2021年启动新能源汽车产业战略升级以来，爱克股份通过"资本+技术"双轨驱动持续深化产 ...

Core Viewpoint - Aik Shares plans to acquire 100% equity of Dongguan Silicon Xiang for 2.2 billion yuan, aiming to strengthen its second growth curve and expand its business into the data center liquid cooling sector [2][6]. Group 1: Acquisition Details - The acquisition will be executed through a combination of issuing shares and cash payments to 23 transaction parties, including Yan Ruohong and others [3][5]. - The stock of Aik Shares will resume trading on December 3 [3][5]. Group 2: Business Strategy and Growth - Aik Shares, primarily engaged in outdoor smart lighting and cloud control systems, has been seeking business transformation since its listing in September 2020 due to industry limitations [6]. - The company initiated a strategic upgrade in the new energy vehicle sector in 2021, focusing on capital and technology to deepen its industrial layout through multiple strategic acquisitions [6]. - Aik Shares expects that by 2025, revenue from its new energy business will exceed 50% of total revenue [6]. Group 3: Target Company Overview - Dongguan Silicon Xiang specializes in the research, design, manufacturing, and sales of products related to cell signal acquisition and thermal management [6]. - Its main products include CCS integrated busbars, FPC flexible circuit boards, heating films, and insulation cotton, with a focus on expanding into liquid cooling products [6]. - The target company's liquid cooling products are projected to generate revenue starting in 2024, with rapid growth anticipated in 2025 [6]. Group 4: Client Base and Market Position - Dongguan Silicon Xiang has established a robust client network across various application fields, including new energy power batteries and data centers, with long-term partnerships with well-known companies [7][8]. - The client base includes major players in the new energy battery sector such as CATL and BYD, as well as automotive manufacturers like Xpeng Motors and Geely [8]. - The acquisition is seen as a significant move for Aik Shares to enhance its capabilities in the new energy battery and vehicle sectors, leveraging synergies with existing clients [8].

本次交易预计构成重大资产重组。 12月2日晚间，爱克股份（300889）公告，拟通过发行股份及支付现金的方式收购新能源电池热管理企业东莞市硅翔绝缘材料有限公司（简称"东莞硅 翔"）的100%股权，并向不超过35名特定投资者发行股份募集配套资金。经交易各方协商，东莞硅翔100%股权交易价格暂定为22亿元。本次交易预计构 成重大资产重组，公司股票将于12月3日复牌。 据了解，本次并购更深层的战略价值在于，爱克股份将借此切入新能源汽车与储能领域的热管理赛道。通过整合东莞硅翔（热管理材料及组件）、佛山永 创翔亿（电池安全材料）及无锡曙光（精密结构件），爱克股份已构建覆盖电池"热管理-安全-结构"的完整产品矩阵。 值得注意的是，东莞硅翔已成功切入液冷热管理这一前沿高增长赛道，积极拓展了液冷板、液冷散热机组（CDU）、浸没式液冷机组等液冷产品线，液 冷产品已于2024年开始实现收入，且在2025年快速增长。随着新能源汽车快充、高能量密度电池及储能电站、数据中心、AI智算中心及互联网云服务商 的规模化发展，高效的液冷技术正从"可选"变为"刚需"，市场空间广阔。 据悉，东莞硅翔在液冷领域的布局，并非停留在规划阶段，其相关业务 ...

Core Viewpoint - The acquisition of Dongguan Silicon Xiang by Aike Co., Ltd. is expected to constitute a significant asset restructuring, with a transaction price of 2.2 billion yuan for 100% equity [1][6]. Group 1: Acquisition Details - Aike Co., Ltd. plans to acquire 100% equity of Dongguan Silicon Xiang through a combination of issuing shares and cash payments, while also raising matching funds from no more than 35 specific investors [1][6]. - The stock of Aike Co., Ltd. will resume trading on December 3 following the announcement of the acquisition [1][6]. Group 2: Dongguan Silicon Xiang's Business Overview - Dongguan Silicon Xiang specializes in the research, design, manufacturing, and sales of products related to battery signal acquisition and thermal management, offering a full range of services from product design to mass production [3][8]. - Key products include CCS integrated busbars, FPC flexible circuit boards, heating films, and thermal insulation materials, with active expansion into liquid cooling products such as liquid cooling plates and immersion cooling units [3][8]. Group 3: Financial Performance and Growth Potential - Financial data indicates that Dongguan Silicon Xiang's revenue is projected to grow from 1.37 billion yuan in 2022 to 1.92 billion yuan in 2024, with a net profit of 125 million yuan in 2024 [4][8]. - The net profit growth rate from 2023 to 2024 is expected to be as high as 55.4%, with revenue for the first nine months of 2025 already reaching 1.9 billion yuan and a net profit of 160 million yuan [4][8]. - The acquisition is strategically valuable as it allows Aike Co., Ltd. to enter the thermal management sector of the new energy vehicle and energy storage markets, creating a comprehensive product matrix covering battery thermal management, safety, and structure [4][9]. Group 4: Market Trends and Future Outlook - Dongguan Silicon Xiang has successfully entered the high-growth liquid cooling sector, with revenue from liquid cooling products expected to begin in 2024 and grow rapidly in 2025 [9]. - The demand for efficient liquid cooling technology is shifting from optional to essential due to the scaling of new energy vehicles, high-energy-density batteries, and data centers, indicating a broad market potential [9]. - The timely execution of the acquisition plan eliminates uncertainties, shifting market focus from "whether the acquisition will happen" to "growth realization" for Aike Co., Ltd., positioning the company for a new valuation milestone [5][9].

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 連達科技控股有限公司 呈交日期: 2025年12月1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) | 00889 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | 本月底法定/註冊 ...

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之內容概不負 責，對其準確性或完整性亦不發表任何聲明，且表明不會就本公佈全部或任何部 分內容或因倚賴該等內容而引致之任何損失承擔任何責任。 DATRONIX HOLDINGS LIMITED 連達科技控股有限公司* （於百慕達註冊成立之有限公司） （股份代號： 889 ） 於2025年11月28日舉行之 股東特別大會投票結果 茲提述連達科技控股有限公司（「本公司」）日期為2025年11月5日的通函（「該 通函」）及股東特別大會通告（「股東特別大會通告」），與以下事項有關：新 主要供應協議及其項下擬進行交易。除文義另有所指外，本公告所用詞彙與該通 函及該股東特別大會通告所界定者俱有相同涵義。 董事會特此宣布，股東特別大會通告所載的建議普通決議案（「該決議案」）已 於2025年11月28日舉行的股東特別大會上以投票表決方式正式通過。 本公司的香港股份過戶登記分處香港中央證券登記有限公司擔任股東特別大會 點票的監察員。於股東特別大會上就該決議案進行的投票結果如下: | 票數 | | (%) | | --- | --- | --- | | 普通決議案 | 贊成 ...

Dated the 10th day of October 2025 MASTER SUPPLY AGREEMENT WHEREAS:- NOW IT IS AGREED as follows:- DATATRONICS ROMOLAND, INC. (as the "Customer") And DATRONIX HOLDINGS LIMITED AND ITS SUBSIDIARIES (as the "Group") 1 THIS AGREEMENT is made on the 10th October 2025 BETWEEN:- 1. INTERPRETATION 1.1 In this Agreement, unless the context otherwise requires: | "Business day" | means a day on which commercial banks are open for business | | --- | --- | | | in Hong Kong; | | "Group" | means the Company and its subsi ...

5 November 2025 Dear Non-registered holders, Datronix Holdings Limited (the "Company") DATRONIX HOLDINGS LIMITED 連達科技控股有限公司* (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock code 股份代號 : 889) N O T I F I C AT I O N L E T T E R 通 知 信 函 – Notice of Publication of Circular and Notice of Special General Meeting (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of ...

(Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock code 股份代號 : 889) 連達科技控股有限公司* DATRONIX HOLDINGS LIMITED N O T I F I C AT I O N L E T T E R 通 知 信 函 5 November 2025 Please note that both the English and Chinese versions of all future Corporate Communications will be available electronically on the website of the Company at www.datronixhldgs.com.hk and the HKEXnews website at www.hkexnews.hk in place of printed copies. Solicitation of electronic contact details To ensure timely receipt o ...