Core Viewpoint - The company has entered into five repurchase agreements with a financing leasing company and various dealers, aimed at enhancing the sales and market share of its new energy vehicles through a common industry practice in the automotive financing leasing business [1][2]. Group 1: Repurchase Agreements - The repurchase agreements involve a total of 32 new energy vehicles leased by dealers from the financing leasing company [1]. - The agreements include leasing rights related to unpaid and due rental payments, excluding other fees and penalties [1]. Group 2: Benefits of the Agreements - The repurchase obligations are a common guarantee measure in the automotive financing leasing sector, which is expected to boost the company's new energy vehicle sales and market share [2]. - The company will utilize technology to monitor the leased vehicles, reducing risks associated with damage or non-return by dealers [2]. - A digital monitoring platform will be established to oversee asset conditions, rental rates, usage efficiency, and payment recovery, facilitating data sharing with the financing leasing company [2]. - The company plans to expand its used vehicle leasing or sales business, as well as after-market services, which will help increase revenue [2]. - Dealers are required to pay a performance guarantee deposit, which can offset any outstanding payments owed to the company [2]. - The company will be able to receive full sales funds in advance, enhancing liquidity and flexibility [2].

Core Viewpoint - The company has entered into five repurchase agreements with a financing leasing company and various dealers, aimed at enhancing the sales and market share of its new energy vehicles [1][2]. Group 1: Repurchase Agreements - The repurchase agreements involve a total of 32 new energy vehicles leased by dealers from the financing leasing company [1]. - The agreements include leasing rights and obligations, covering unpaid and due rental payments, but excluding other fees and penalties [1]. Group 2: Strategic Benefits - The repurchase obligation is a common practice in the automotive financing leasing industry, which is expected to boost the company's new energy vehicle sales [2]. - The company plans to utilize technology to monitor the leased vehicles, reducing risks associated with damage and non-return by dealers [2]. - A digital monitoring platform will be established to oversee asset conditions, rental rates, and payment recovery, enhancing operational efficiency [2]. - The company aims to expand its used vehicle leasing and sales business, contributing to revenue growth [2]. - Dealers are required to pay a performance bond, which will offset any outstanding payments owed to the company [2]. - The agreements allow the company to receive full sales proceeds in advance, improving liquidity and flexibility [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。 須予披露交易 訂立回購協議 回購協議 （在中華人民共和國註冊成立之中外合資股份有限公司） （股份代號：1122） 董 事 會 謹 此 宣 佈，於 二 零 二 六 年 一 月 十 四 日，本 公 司、融 資 租 賃 公 司 及 各 經 銷 商 訂 立 了 合 共 五 份 條 款 大 致 相 同 的 回 購 協 議。 上市規則之涵義 基 於 過 往回購協議各自項下的交易均於訂立回購協議前12個 月 內 進 行，加 上 部分過往回購協議的融資租賃公司與回購協議的融資租賃公司為相同訂約方， 且過往回購協議及回購協議項下的交易均屬於本集團新能源車業務下同一 性 質 的 回 購 擔 保，故 根 據 上 市 規 則 第14.22條，回 ...

Summary of Key Points Core Viewpoint - As of January 9, a total of 73 stocks reached their 52-week highs, with notable performances from Lingxiong Technology (02436), Delai Construction (01546), and Zhipu (02513) showing significant growth rates of 104.99%, 38.89%, and 22.22% respectively [1]. 52-Week Highs - Lingxiong Technology (02436) closed at 11.760, with a peak price of 15.600, achieving a high rate of 104.99% [1]. - Delai Construction (01546) closed at 0.161, reaching a maximum of 0.250, with a high rate of 38.89% [1]. - Zhipu (02513) had a closing price of 158.600 and a peak of 165.000, resulting in a high rate of 22.22% [1]. - Other notable stocks include Asia Pacific Satellite (01045) with a high rate of 20.64% and Rongda Technology (09881) at 12.87% [1]. 52-Week Lows - The stocks reaching their 52-week lows include Lishi International (00842) with a closing price of 0.850, marking a decline of 39.29% [2]. - Bokan Vision Cloud - B (02592) closed at 2.930, with a decrease of 16.90% [2]. - Lingzai Technology Finance (00093) reached a low of 0.485, reflecting a drop of 14.77% [2].

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12月31日 狀態: 新提交 呈交日期: 2026年1月5日 致：香港交易及結算所有限公司 公司名稱: 慶鈴汽車股份有限公司 (在中華人民共和國註冊成立之中外合資股份有限公司） I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,243,616,403 RMB | | 1 | RMB | | 1,243,616,403 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,243,616,403 RMB | | 1 | RMB | | 1,24 ...

Core Insights - The event "China Truck Customer Operation Survey Opinion Leader" focuses on user operations, product performance, and quality, reflecting industry opinions and voices [1] - The event has been held annually since 2017, accumulating thousands of user voices through extensive surveys across the country [1] Industry Trends - The evaluation emphasizes the core track of new energy, focusing on key models such as electric heavy trucks, light trucks, micro trucks, VANs, and pickups [3] - The survey targets regions with high concentrations of heavy trucks and mainstream markets for new energy light trucks, including Beijing-Tianjin-Hebei, Yangtze River Delta, and Greater Bay Area [3] - Five major industry trends identified include: 1. Continuous improvement of policy support, with benefits like charging subsidies and road rights stimulating market potential [3] 2. More affordable prices for new energy trucks and lower entry barriers promoting green transportation [3] 3. Maturing battery technology leading to lightweight and high-capacity solutions, significantly increasing customer acceptance [3] 4. Highlighting operational cost advantages as key to driver profitability under pressure on freight rates, driving green transformation in the industry [3] 5. Upgraded adaptability for specific scenarios, with customized models emerging and steadily increasing penetration rates [3] Market Dynamics - The sales and penetration rates of new energy commercial vehicles in China are on the rise, with diverse categories developing simultaneously and regional advantages becoming more pronounced [5] - The future focus should be on "improving quality, reducing costs, and increasing efficiency" to explore development potential [5] Technological Innovations - Insights from industry leaders highlight how electric light trucks can overcome scenario limitations through technological innovation, and how open-source batteries can empower green upgrades in heavy truck logistics [6] Industry Participation - The event saw active participation from leading companies such as China National Heavy Duty Truck Group, Foton Motor, Dongfeng Liuzhou Motor, BYD Commercial Vehicles, and others, showcasing the vitality of high-quality development in the truck industry [8] - The current market exhibits a symbiotic relationship between traditional and new energy vehicles, with traditional fuel vehicles still playing an irreplaceable role in key areas like long-haul and specialized operation vehicles [8] Future Outlook - As the event approaches its 10th anniversary in 2026, the organizing team plans to comprehensively analyze ten years of survey data and release the "China Truck User Operation White Paper," focusing on core topics such as cost control, fleet management, low-carbon transformation, and value-added services [8]

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。 – 3 – （在中華人民共和國註冊成立之中外合資股份有限公司） （股份代號：1122） 公 告 持續關連交易 及 關連交易 茲 提 述 本 公 司 分 別 於 二 零 零 八 年 五 月 二 十 八 日、二 零 一 零 年 十 二 月 二 十 三 日、 二零一三年十二月十七日、二零一四年三月二十六日、二零一四年八月二十一日、 二 零 一 四 年 十 二 月 十 二 日、二 零 一 六 年 三 月 十 八 日、二 零 一 六 年 四 月 二 十 七 日、二 零 一 六 年 八 月 十 二 日、二 零 一 六 年 十 二 月 二 十 二 日、二 零 一 九 年 十 一 月 二 十 六 日、二 零 二 一 年 三 月 二 十 六 ...

Core Viewpoint - The delivery of the first batch of 200 units of the "Lingjie Super Charging Heavy Truck" by Qingling Motors marks a significant milestone in the commercialization of supercharging technology and the green transformation of heavy-duty transportation in Chongqing [1][3]. Group 1: Industry Development - Chongqing's municipal government prioritizes the development of the new energy commercial vehicle industry as a key strategy in building a modern manufacturing cluster [3]. - The "14th Five-Year Plan" emphasizes creating a globally influential smart connected new energy vehicle city [3]. Group 2: Product Features - The "Lingjie Super Charging Heavy Truck" addresses industry pain points with breakthrough capabilities in power and range, achieving "300 kWh in 15 minutes" of charging, suitable for high-intensity, long-distance transport [5]. - The truck inherits reliability and durability from Qingling's 40 years of commercial vehicle manufacturing experience, with enhancements for complex working conditions [5]. - It integrates an intelligent connected platform for remote diagnostics, energy management, and safety features, ensuring efficient and safe transportation [5]. - The vehicle operates with zero emissions and significantly reduces lifecycle costs, achieving "1 kWh for 1.2 kilometers" [5]. Group 3: Collaborative Vision - Qingling aims to build a new ecosystem for supercharging heavy trucks, focusing on collaboration and technology to support the green transition of China's commercial vehicle industry [7].

Core Viewpoint - The company, Qingling Motors (01122.HK), has announced a leasing agreement with Isuzu Motors for equipment rental, specifically for the manufacturing of 4JZ engines, effective December 19, 2025 [1] Group 1 - The leasing agreement involves Isuzu Motors renting manufacturing equipment from the company [1] - The equipment includes, but is not limited to, 4JZ engine manufacturing equipment [1]

Group 1 - The core point of the article is that Qingling Motors (01122) has entered into a lease agreement with Isuzu Engine for leasing equipment, which is expected to enhance the company's operations [1] - The lease agreement is set to commence on December 19, 2025, with a monthly rental fee of RMB 797,500, totaling RMB 9,569,800 annually, excluding VAT [1] - Isuzu Engine is required to pay the monthly rent by the last day of each month, which indicates a structured payment plan for the lease [1] Group 2 - The purpose of the lease agreement is to allow Isuzu Engine to utilize the leased equipment for the production and testing of engines, which is crucial for the company's product development [1] - This arrangement is expected to benefit the company's business operations and optimize resource utilization, leading to more focused management [1]