（股份代號：934） 關連交易 消防服務協議 董事會宣佈，本公司全資附屬公司華德石化已於二零二五年十二月二十九日與中石化河南石油勘 探局訂立消防服務協議，據此，中石化河南石油勘探局同意為華德石化提供日常運作的消防服 務。 於本公告日期，華德石化為本公司間接全資附屬公司。冠德國際持有本公司已發行股本約 60.33%，故本公司由冠德國際非全資擁有。同日，中石化河南石油勘探局為中石化集團公司間接 附屬公司。中石化集團公司為中石化之控股公司，而中石化間接全資擁有冠德國際。因此，根據 上市規則第14A.07條，中石化河南石油勘探局為冠德國際的聯繫人及本公司的關連人士，而消防 服務協議項下擬進行之交易構成上市規則第14A章項下本公司的關連交易。 （於百慕達註冊成立之有限公司） SINOPEC KANTONS HOLDINGS LIMITED （中石化冠德控股有限公司）* 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，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容 所引致之任何損失承擔任何責任。 服務期間 自二零二六年一月一日起為期2年。 代 ...

Group 1 - The top short-selling ratios are led by China Resources Beer (80291) at 100.00%, Meituan (83690) at 93.03%, and CNOOC (80883) at 85.70% [1][2] - The highest short-selling amounts are recorded for Alibaba (09988) at 1.293 billion, Tencent (00700) at 1.242 billion, and Xiaomi (01810) at 1.084 billion [1][3] - The highest deviation values are noted for Far East Development (00035) at 56.81%, CNOOC (80883) at 55.68%, and Meituan (83690) at 52.53% [1][2] Group 2 - The top short-selling amount rankings show Alibaba at 1.293 billion with a short-selling ratio of 15.00%, Tencent at 1.242 billion with a ratio of 14.58%, and Xiaomi at 1.084 billion with a ratio of 16.39% [3] - The short-selling ratio rankings indicate that China Resources Beer has the highest ratio at 100.00%, followed by Meituan at 93.03%, and CNOOC at 85.70% [2] - The deviation values highlight that Far East Development has the highest deviation at 56.81%, followed by CNOOC at 55.68%, and Meituan at 52.53% [3]

Group 1 - The core viewpoint of the article highlights that southbound funds have increased their holdings in Sinopec Kantons Holdings Limited (00934.HK) by 224,000 shares on December 22, indicating a positive trend in investor interest [1] - Over the past five trading days, southbound funds have increased their holdings for five days, with a total net increase of 10.8 million shares [1] - In the last 20 trading days, there have been 16 days of net increases in holdings by southbound funds, totaling 19.3 million shares [1] Group 2 - As of now, southbound funds hold 283 million shares of Sinopec Kantons, accounting for 11.37% of the company's total issued ordinary shares [1] - Sinopec Kantons Holdings Limited primarily engages in oil and gas-related businesses through two operational segments: crude oil terminal and storage services, and ship leasing and transportation services [1] - The crude oil terminal and storage services segment focuses on providing crude oil transportation, unloading, storage, and other tanker terminal services [1]

Group 1 - The core point of the news is that southbound funds have increased their holdings in Sinopec Kantons Holdings Limited (00934.HK) by 424,000 shares on December 19, 2025, marking a total net increase of 12.608 million shares over the last five trading days [1] - Over the past 20 trading days, there have been 16 days of net increases in holdings by southbound funds, totaling 19.43 million shares [1] - As of now, southbound funds hold 283 million shares of Sinopec Kantons, which represents 11.36% of the company's total issued ordinary shares [1] Group 2 - The total number of shares held by southbound funds on December 19, 2025, is 283 million, with a change of 424,000 shares, reflecting a 0.15% increase [2] - The previous trading days showed significant increases in holdings, with December 16, 2025, seeing a 2.27% increase with 6.194 million shares added [2] - Sinopec Kantons operates primarily in the oil and gas sector, with two main divisions: crude oil terminal and storage services, and ship leasing and transportation services for liquefied natural gas [2]

Group 1 - The core point of the article highlights that southbound funds have increased their holdings in Sinopec Kantons Holdings Limited (00934.HK) by 1.204 million shares on December 18, with a total net increase of 13.162 million shares over the past five trading days [1] - Over the last 20 trading days, southbound funds have increased their holdings on 16 days, resulting in a cumulative net increase of 19.15 million shares [1] - As of now, southbound funds hold 282 million shares of Sinopec Kantons, accounting for 11.35% of the company's total issued ordinary shares [1] Group 2 - Sinopec Kantons Holdings Limited primarily engages in oil and gas-related businesses through two operational segments [1] - The crude oil terminal and storage services segment focuses on providing crude oil transportation, unloading, storage, and other tanker terminal services [1] - The ship leasing and transportation services segment is primarily involved in providing ship leasing services for liquefied natural gas transportation [1]

Core Viewpoint - The report highlights the top short-selling stocks in the Hong Kong market, indicating significant investor sentiment and potential market movements for these companies [1][2]. Group 1: Top Short-Selling Ratios - Sun Hung Kai Properties (80016), BYD Company (81211), and JD Health (86618) have the highest short-selling ratios at 100.00% [1][2]. - SenseTime (80020) follows with a short-selling ratio of 87.67%, while Xiaomi Group (81810) has a ratio of 84.37% [2]. Group 2: Top Short-Selling Amounts - Xiaomi Group leads in short-selling amount with HKD 1.43 billion, followed by Alibaba (09988) at HKD 1.368 billion and Tencent Holdings (00700) at HKD 1.251 billion [1][2]. - China Ping An (02318) and Meituan (03690) also feature prominently with short-selling amounts of HKD 1.115 billion and HKD 956 million, respectively [2]. Group 3: Top Short-Selling Deviation Values - Xiaomi Group (81810) has the highest deviation value at 41.14%, indicating a significant difference from its average short-selling ratio [1][2]. - BYD Company (81211) follows closely with a deviation value of 40.41%, while Far East Consortium (00035) has a deviation of 33.08% [2].

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec Group) has initiated a "Special Action for Enhancing the Market Value of Listed Companies" to improve investment value and increase shareholder returns [1][2]. Group 1: Company Overview - Sinopec Group is the world's largest refining company and the second-largest chemical company, with nine listed companies that have become industry leaders or champions in their segments [2]. - The group has completed over 550 billion yuan in various equity financing and has contributed to the capital market by increasing the total market value of its listed companies by 220 billion yuan since the 14th Five-Year Plan [3]. Group 2: Special Action Details - The special action focuses on three main areas: enhancing governance efficiency, improving return mechanisms, and optimizing capital layout [3]. - The governance enhancement includes improving management systems and focusing on strategic development, capital operations, and talent development in the capital market [3]. - The return mechanism aims to increase the quality of information disclosure, strengthen investor relations, and maintain a stable and predictable cash dividend policy [3]. Group 3: Investor Engagement - The investor engagement event featured executives from nine listed companies under Sinopec, addressing questions from domestic and international investors regarding business prospects and future plans [5][6]. - Executives expressed confidence in achieving significant revenue targets and highlighted growth areas such as carbon fiber and hydrogen energy equipment [5]. Group 4: Market Impact and Policy Context - The initiative is seen as a significant shift from conventional market value management, emphasizing strategic collaboration and the deepening of state-owned asset value [4]. - Recent policies, including the "National Nine Articles" and the CSRC's guidelines on market value management, have prompted more listed companies to focus on enhancing their investment value [8][9]. - The current trend in market value management is moving towards transparency, which is expected to optimize the A-share valuation system and enhance market resilience [9].

Group 1 - The core viewpoint of the news is the launch of a special action by Sinopec to enhance the market value of its listed companies and improve shareholder returns [1] - The special action includes three main aspects: improving governance efficiency, enhancing the return system, and optimizing capital layout [1] - Sinopec aims to strengthen the management of its listed companies, focusing on strategic development, capital operations, and talent development in the capital market [1] - The company plans to improve its return system by enhancing information disclosure, strengthening investor relations, and maintaining a stable cash dividend policy [1] - Sinopec intends to optimize its capital layout through mergers and acquisitions, equity financing, and adjusting its industrial structure to enhance market value during the 14th Five-Year Plan period [1] Group 2 - CICC reports that the petrochemical industry has been in a downturn for approximately three and a half years, but expects a turning point due to declining capital expenditure and the exit of outdated overseas capacity [2] - The report suggests that the industry will enter a low-growth phase, with self-discipline accelerating the recovery of product profitability [2] - CICC anticipates that the demand growth in new energy and other sectors will contribute positively to the chemical industry [2] Group 3 - Related companies in the chemical industry chain listed in Hong Kong include Sinopec, Sinopec Oilfield Service, Sinopec Engineering, Shanghai Petrochemical, Sinopec Kantons, China Sanjiang Chemical, and Wuhan Organic [3]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) launched a special action to enhance the market value of its listed companies during an investor communication event held on December 16 [1] - The action aims to improve investment value and increase shareholder returns through three main aspects: enhancing governance efficiency, improving the return system, and optimizing capital layout [1][2] - The governance efficiency will focus on management enhancement, strategic development planning, capital operation, and talent development in the capital market [1] - The return system will emphasize quality information disclosure, investor relations management, and a stable cash dividend policy, along with share buybacks to enhance shareholder returns [1] - The capital layout optimization will involve mergers and acquisitions, equity financing, and adjustments to the industrial layout to enhance the overall market value of listed companies during the 14th Five-Year Plan period [1] Group 2 - The event included executives from nine listed companies under Sinopec, as well as representatives from state-owned securities regulatory agencies, central enterprises, and financial institutions [2] Group 3 - The U.S. stock market saw the Dow Jones Industrial Average and S&P 500 decline for three consecutive days, while large tech stocks mostly rose [3] - The Dow Jones fell by 302.3 points to close at 48,114.26, a decrease of 0.62%, and the S&P 500 dropped by 16.25 points to 6,800.26, a decline of 0.24% [3] - The Nasdaq Composite Index increased by 54.05 points to 23,111.46, a rise of 0.23%, with Tesla reaching a historic high [3] Group 4 - The European Union is preparing to propose easing emissions regulations for new cars, effectively abolishing the ban on internal combustion engines, allowing manufacturers to slow down the rollout of electric vehicles [4] - This move aligns the EU's policies more closely with the U.S., where former President Trump is rolling back automotive efficiency standards [4] - Ford has announced a $19.5 billion charge related to its electric vehicle business overhaul due to the profitability challenges faced by global automakers [4] Group 5 - The Ministry of Commerce of China announced that starting December 17, 2025, anti-dumping duties will be imposed on imported pork and pork products from the EU for a period of five years [5] - The anti-dumping duties will be calculated based on the customs-determined taxable price of the imported goods [5] Group 6 - China Energy Engineering Corporation announced that the first phase of the world's largest green hydrogen and ammonia integrated project, the Zhongnengjian Songyuan Hydrogen Energy Industrial Park, has officially commenced operations [6][7] Group 7 - Kangfeng Biotechnology received approval from the National Medical Products Administration for its anti-reflux system, enhancing the diversity of its product portfolio [8] Group 8 - Hansoh Pharmaceutical entered into a licensing agreement with Glenmark for the commercialization of Amivantamab, a treatment for non-small cell lung cancer [9] - The agreement includes upfront payments and potential milestone payments exceeding $1 billion, along with tiered royalties on net sales in the licensed regions [9] Group 9 - Shandong High Holding signed an EPC contract for a wind farm project in Guangxi, marking its active integration into the clean energy sector [10] Group 10 - MMG Australia Limited and Minmetals North-Europe signed a sales agreement for Rosebery concentrate, covering 100% of production for 2026 and 2027, with an expected annual output of approximately 6,000 dry metric tons [11] Group 11 - China General Nuclear Power Corporation announced the commencement of full construction for the Ningde Unit 6 nuclear reactor, marking a significant milestone in its development [12] Group 12 - Daqi Pharmaceutical received approval in Malaysia for its drug Selinexor to treat relapsed or refractory diffuse large B-cell lymphoma in adult patients [13] Group 13 - CIMC Enric's first large-scale biomass methanol project in Guangdong officially commenced production, with an expected annual capacity of 50,000 tons [14] - The project aims to achieve full operational capacity before the 2026 Spring Festival, contributing significantly to revenue [14][15] - The company is also exploring a second phase of the project, with plans for an annual output of 200,000 tons by 2027 [15]

Group 1 - The core point of the news is that southbound funds have increased their holdings in Sinopec Kantons Holdings Limited (00934.HK) by 2.03 million shares on December 15, 2025, marking a 0.75% increase in total holdings [1][2] - Over the past five trading days, southbound funds have increased their holdings for five days, with a total net increase of 5.366 million shares [1][2] - In the last twenty trading days, there have been fifteen days of net increases in holdings, totaling 9.612 million shares [1][2] Group 2 - As of December 15, 2025, southbound funds hold a total of 272 million shares of Sinopec Kantons, which represents 10.94% of the company's issued ordinary shares [1][2] - The company operates primarily in the oil and gas sector, with two main divisions: crude oil terminal and storage services, and ship leasing and transportation services [2]