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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 | 2. 股份分類 | 優先股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 667,257,698 | HKD | | 0.05 | HKD | | 33,362,884.9 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 667,257,698 | HKD | | 0.05 | HKD | | 33,362,884.9 | 本月底法定/註冊股本總額： HKD 500,000,000 FF301 第 1 頁 共 10 頁 v 1.2 ...

（於開曼群島註冊成立之有限公司） （股份代號：01250） 補充公告 重續有關電力銷售之持續關連交易 茲提述山高新能源集團有限公司（「本公司」）日期為二零二五年十二月三十一日內容 有關重續有關電力銷售之持續關連交易之公告（「公告」）。除文義另有所指外，本公 告所用詞彙與公告所界定者具有相同涵義。 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。 本公司謹此向本公司股東及潛在投資者提供下列有關北控水務集團與本集團之間 有關二零二二年電力銷售協議及二零二三年補充協議項下的電力銷售的過往交易 金額之補充資料。 承董事會命 山高新能源集團有限公司 主席 李天章 1 截至二零二四年十二月三十一日止兩個年度各年以及截至二零二五年十一月三十 日止十一個月北控水務集團與本集團之間有關電力銷售之過往交易金額載列如下： 截至 十一月 | | 截至十二月三十一日止 | | 三十日止 | | --- | --- | --- | --- | | | 財政年度 | | 十一個月 ...

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 致：香港交易及結算所有限公司 公司名稱: 山高新能源集團有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2026年1月5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) | 01250 | 說明 | 不適用 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 9,332,742,302 | HKD | | 0.05 HKD | | 466,637,115.1 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 9,332,742,302 | HKD | | 0.05 HKD | | 466,637,115.1 | | 2. 股份分類 | 優先股 | 股份類別 | 不 ...

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。 （於開曼群島註冊成立之有限公司） （股份代號：01250） 重續有關電力銷售之持續關連交易 二零二五年電力銷售協議 董事會宣佈，於二零二五年十二月三十一日（交易時段後），北控水務（即本公司之 主要股東）與本公司就電力銷售訂立二零二五年電力銷售協議，以重續二零二二 年電力銷售協議及二零二三年補充協議。 上市規則之涵義 於本公告日期，北控水務為本公司之主要股東，間接持有本公司已發行股本總額 約18.03%。因此，根據上市規則第14A章，北控水務屬本公司之關連人士。故此，根 據上市規則第14A章，二零二五年電力銷售協議項下擬進行的交易構成本公司的 持續關連交易。於本公告日期，由於二零二五年電力銷售協議項下年度上限之一 項或多項適用百分比率（定義見上市規則第14.07條）超過0.1%但均少於5%，故二零 二五年電力銷售協議項下擬進行的交易須遵守上市規則第14A章項下之申報、公 告及年度審閱的規定，惟獲豁免遵守獨 ...

Core Viewpoint - The collaboration agreement between Shandong Expressway and Shango New Energy is expected to enhance the stability of Shango New Energy's operations and cash flow through the establishment of a solar power project in Shandong Province [1][2] Group 1: Agreement Details - Shandong Expressway will lease a designated area in Linyi City, Shandong Province, to Shango New Energy for the construction and operation of a solar power project [1] - The lease term is set from January 1, 2026, to December 31, 2045, lasting for twenty years [1] - The annual rental fee is RMB 0.04 per watt (including a 6% tax), to be collected after the solar power station begins supplying electricity, based on the actual construction capacity [1] Group 2: Financial Implications - The expected total rental fee over the lease term, considering the anticipated construction capacity of 83 megawatts, is projected to be RMB 66.4 million [1] - The agreement is viewed as a means to secure reliable customers and generate stable operational income and cash flow for Shango New Energy and Shango Holdings [2] Group 3: Strategic Importance - The designated area includes locations such as highway toll stations, service areas, slopes, tunnels, and ramps, which are deemed suitable for the solar power project [2] - The collaboration is expected to promote the steady development of the clean energy business for Shango New Energy [2]

Group 1 - The core agreement involves Shandong Gaosu Linteng Road Co., Ltd. leasing a designated area to Shandong Gaosu New Energy for the construction and operation of a photovoltaic power generation project, effective from January 1, 2026, to December 31, 2045, for a total of twenty years [1][2] - The annual rental service fee is set at RMB 0.04 per watt (including a 6% tax), to be collected by Shandong Gaosu Linteng after the photovoltaic power station begins supplying electricity, based on the actual construction capacity of the completed power station [1] - The expected total rental service fee over the agreement's duration is projected to be RMB 66.4 million, considering the anticipated construction capacity of 83 megawatts [1] Group 2 - The designated area provided by Shandong Gaosu Linteng includes locations such as highway toll stations, service areas, slopes, tunnels, and ramp circles, which will be utilized for the investment, construction, and operation of the photovoltaic power station owned by Shandong Gaosu New Energy [2] - The agreement is expected to provide Shandong Gaosu New Energy with reliable customers and stable operational income and cash flow, thereby promoting the steady development of its clean energy business [2]

Core Viewpoint - Shandong High-Speed Lin Teng has entered into a cooperation agreement with Shandong High New Energy for leasing designated areas to develop and operate a photovoltaic power generation project in Linyi City, Shandong Province [1] Group 1 - The agreement is set to commence on December 29, 2025, indicating a future commitment to renewable energy development [1] - The leased area will be utilized specifically for the construction and operation of a solar power station, aligning with industry trends towards sustainable energy solutions [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聯合公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本聯合公告 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。 （於百慕達註冊成立之有限公司） （股份代號：412） （於開曼群島註冊成立之有限公司） 聯合公告 有關合作協議之關連交易 合作協議 山高新能源董事會及山高控股董事會各自宣佈，於二零二五年十二月二十九日 （交易時段後），山東高速臨滕與山高新能源（山東）（為山高新能源之間接全資附 屬公司及山高控股之間接非全資附屬公司）就租賃指定區域訂立合作協議。 上市規則之涵義 於本聯合公告日期，由於(i)山東高速臨滕為山東高速集團之非全資附屬公司；(ii) 山東高速集團本身及透過多個實體直接及間接合共持有山高控股已發行股本約 43.37%及間接持有山高新能源已發行股本約56.97%；及(iii)山高新能源為山高控股 之直接非全資附屬公司，因此，根據上市規則第14A章，山東高速集團為山高新能 源之間接控股股東及關連人士，並為山高控股之控股股東及關連人士。因此，根據 上市規則第14A章，山東高速臨滕為山東高速集團之聯 ...

Market Performance - The Hong Kong stock market showed a mixed performance with the Hang Seng Index rising by 0.13% to 25,808.79 points, while the Hang Seng Tech Index increased by 0.14% to 5,496.52 points. The National Enterprises Index fell by 0.03% to 8,911.15 points, and the Red Chip Index decreased by 0.14% to 4,061.97 points [1] Company News - Vanke Enterprises extended the grace period for the repayment of its fourth tranche of medium-term notes (total principal of 2 billion yuan) to 30 trading days [2] - Cathay Pacific reported a passenger count of 2.5304 million in November, marking a 26% year-on-year increase [3] - China General Nuclear Power's units 1 and 2 in Huizhou are in the debugging phase, with expected operational dates adjusted to the first half and second half of 2026, respectively [3] - Nanshan Aluminum International has increased its annual production capacity of alumina to 4 million tons [7] - He Yu Pharmaceutical's CSF-1R inhibitor received approval from China's NMPA [5] - Shengnuo Pharmaceutical completed Phase I trials for its drug STP707 and submitted a clinical research report to the FDA [6] Industry Insights - Huatai Securities noted that the market is still in a left-side layout phase, with a strong consensus on an early spring rally, but year-end supply and demand pressures may create uncertainty for a "Santa rally" [10] - CITIC Construction pointed out that after a period of single-sided growth in September, the Hong Kong market has experienced adjustments, with some quality assets returning to a high cost-performance ratio [10] - Guotai Junan Securities highlighted that historical data shows strong performance in U.S. stocks during year-end, despite uncertainties regarding interest rates and inflation paths for 2026 [11] - GF Fund mentioned that while short-term liquidity disturbances may impact the market, the upward trend in the AI industry cycle remains intact, suggesting that the market structure for Hong Kong stocks will not change [11]

Core Insights - The "Annual Growth Value Award" was presented to Shango New Energy (1250.HK) during the "Technology Empowerment · Capital Breakthrough" online sharing session hosted by Gelonghui [1] - This award recognizes companies in the capital market that demonstrate significant growth potential, emphasizing the importance of continuous growth for sustainable business operations [1] Company Highlights - Shango New Energy was selected for its commitment to growth, showcasing a refusal to remain stagnant and a determination to expand and strengthen its business [1] - The award criteria included evaluating the breadth, speed, and future potential of the company's growth [1]