Core Points - The company, 千百度 (Code: 1028), announced a financing plan through the issuance of subscription shares and warrants, raising approximately HKD 96 million [1] - The subscription shares amount to 415,400,000 shares at a price of HKD 0.205, representing a discount of about 16.7% from the previous closing price [1] - The warrants issued total 474,500,000 with an initial exercise price of HKD 0.28, which is a premium of approximately 13.8% over the last closing price [1] Financing Details - The total funds raised from the issuance of subscription shares and warrants is approximately HKD 96 million [1] - The subscription shares represent about 20.0% of the existing issued share capital and will account for approximately 16.7% of the enlarged share capital after completion [1] - The warrants, if fully exercised, would represent about 22.8% of the existing issued share capital [1] Use of Proceeds - The funds raised will be used for optimizing the retail network and distribution channels, promoting digital transformation, and exploring artificial intelligence [1] - The issuance of warrants requires approval from a special general meeting of shareholders, expected to be completed upon meeting relevant conditions [1] Company Overview - 千百度 is a leading international retailer and wholesaler of mid to high-end women's footwear in China [1]

Core Points - Company announced a subscription agreement with nine subscribers for the issuance of a total of 415.4 million subscription shares at a price of HKD 0.205 per share and 474.5 million warrants at an issue price of HKD 0.036 per warrant [1] - The estimated net proceeds from the issuance of subscription shares and warrants are expected to be HKD 80 million and HKD 16 million, respectively [1] - The estimated net price per subscription share and per warrant is approximately HKD 0.193 and HKD 0.034, respectively [1] - If the warrants are fully exercised, the estimated net proceeds will increase to approximately HKD 131 million [1]

Core Viewpoint - The company, Qianbaidu (01028), has entered into subscription agreements with nine subscribers to issue a total of 415.4 million subscription shares at a price of HKD 0.205 per share, representing a discount of approximately 16.67% from the last trading price of HKD 0.246 [1] Group 1: Subscription Details - The total subscription price for the shares is estimated at HKD 85.157 million [1] - The company will also issue 474.5 million warrants at an issue price of HKD 0.036 per warrant, each warrant allowing the holder to subscribe for one share at an exercise price of HKD 0.28 [1] - The estimated net proceeds from the issuance of subscription shares and warrants are expected to be HKD 80 million and HKD 16 million, respectively [1] Group 2: Use of Proceeds - The company plans to use the proceeds from the subscription for general working capital, including exploring the development and application of artificial intelligence in upgrading its business [1] - The company aims to build an AI-enabled business ecosystem and recruit AI talent with the funds raised [1] - If all warrants are exercised, the estimated net proceeds could increase to approximately HKD 131 million [1]

Core Viewpoint - The company, Qianbaidu (01028), has entered into subscription agreements with nine subscribers to issue a total of 415.4 million subscription shares at a price of HKD 0.205 per share, representing a discount of approximately 16.67% compared to the last trading price of HKD 0.246 [1] Group 1: Subscription Details - The total subscription price for the shares is estimated at HKD 85.157 million [1] - Additionally, the company will issue 474.5 million warrants at an issue price of HKD 0.036 per warrant, each warrant allowing the holder to subscribe for one share at an exercise price of HKD 0.28 [1] - The estimated net proceeds from the issuance of subscription shares and warrants are expected to be HKD 80 million and HKD 16 million, respectively [1] Group 2: Use of Proceeds - If all warrants are exercised, the estimated net proceeds to the company will increase to approximately HKD 131 million [1] - The company plans to use the proceeds for general working capital, including exploring the development and application of artificial intelligence in upgrading its business, building an AI-enabled business ecosystem, and recruiting AI talent [1]

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 全部或任何部分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。 本 公 告 僅 供 參 考 用 途，並 不 構 成 收 購、購 買 或 認 購 本 公 司 任 何 證 券 的 邀 請 或 要 約。 C.banner International Holdings Limited 千百度國際控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：1028） 建議根據一般授權發行新股份及 根據特別授權向認購方發行非上市認股權證 董 事 會 欣 然 宣 佈，於2025年10月29日，本 公 司 與 九(9)名認購方訂立九(9)份 認 購 協 議，據 此，認 購 方 已 有 條 件 同 意（代 表 其 本 身 或 透 過 其 指 定 實 體）認 購 而 本公司已有條件同意配發及發行合共(i)415,400,000股 認 購 股 份，認 購 價 為 每 股0.205港 元；及(ii)474,500,000份 認 股 權 ...

Core Viewpoint - The article emphasizes the quality and integrity of Adidas in choosing to collaborate with a reputable Chinese manufacturer, Snow Flying, for its products, highlighting that this choice reflects a commitment to quality over cost-cutting measures often seen in the industry [3][4][7]. Group 1: Manufacturing Quality - Adidas' decision to use Snow Flying, a well-established Chinese apparel manufacturer, is portrayed as a sign of quality, contrasting with cheaper alternatives from Southeast Asian factories [3][4]. - The article argues that the perception that OEM (Original Equipment Manufacturer) products are inferior is a misconception, as many high-quality brands utilize OEM manufacturing without compromising on quality [5][6]. Group 2: Chinese Manufacturing Capabilities - The article asserts that Chinese manufacturers, particularly in the apparel sector, have developed significant expertise and technology over the past 30 years, making them leaders in the field [7]. - It highlights that the best materials and manufacturing techniques are often sourced from China, with specific examples such as the high-quality denim produced in Changzhou [7]. Group 3: Cost and Quality Relationship - The relationship between the cost paid by brands to manufacturers and the quality of the final product is emphasized, indicating that higher investment leads to better quality outcomes [6][7]. - The article suggests that many brands avoid using Chinese manufacturing not due to a lack of quality, but because they cannot afford the higher costs associated with reputable manufacturers [7].

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a holding percentage of 23.85% [1]

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a new ownership percentage of 23.85% [1]

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a new ownership percentage of 23.85% [1]

Group 1 - Port Bliss Holdings Limited increased its stake in Qian Baidu (01028) by acquiring 454.76 million shares at a price of HKD 0.16 per share, totaling approximately HKD 72.76 million [1] - Following the acquisition, Port Bliss Holdings Limited's total shareholding in Qian Baidu reached approximately 495 million shares, representing a holding percentage of 23.85% [1]