Core Insights - Tianrui Xinke has been listed as a dishonest executor by the court due to financial disputes related to private entrusted contracts, with issues arising from the Tianrui Cloud APP, which has been unable to process withdrawals since early 2024 [1][5] Company Overview - Tianrui Xinke, a high-tech enterprise and software company, is primarily engaged in information technology services, software development, and industrial internet platform operations, and is 90% owned by Tianrui Group [1] - Tianrui Group has a diverse business portfolio, including green building materials, intelligent manufacturing, and internet technology, and was ranked 380th among China's top 500 companies [1] Employee Financial Practices - The Tianrui Cloud APP was used by employees for salary deposits and investment in higher-yield financial products compared to traditional banks, leading to significant employee reliance on the platform [3][4] - Employees reported that their salaries were deposited into the Tianrui Cloud APP instead of bank accounts, with many choosing to invest their funds within the app due to attractive returns [3] Operational Issues - Since April 2024, the Tianrui Cloud APP has faced operational problems, preventing employees from withdrawing their funds, which has led to complaints and financial distress among staff [3][4] - Local government authorities have intervened, confirming that Tianrui Group has delayed salary payments and has been instructed to cease using virtual accounts for salary disbursement [4] Financial Performance - Tianrui Group's cement business is a key segment, with significant production and sales volumes, and the company reported a revenue of 2.963 billion yuan for the first half of 2025, marking a 14.66% year-on-year increase [5]

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，並明確表示概不就因本公告全部或任何部分內 容而產生或因依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的有限公司） （股份代號：1252） 有關 二零二五年框架協議的 持續關連交易 及 主要交易： 提供相互擔保 二零二五年框架協議 儘管有關公司擔保的代價比率超過100%，但公司擔保並非本公司的收購事項，而 構成上市規則第14章項下界定之主要交易（而非非常重大收購事項）及上市規則 第14A章項下界定之持續關連交易，須遵守上市規則規定的申報、公告、通函及獨 立股東批准要求。 由於根據上市規則第14.07(1)條所界定之資產比率，公司擔保之建議年度上限金額 （即截至二零二八年十二月三十一日止三個年度各年之每日結餘上限不超過人民幣 2,500百萬元）超過8%，故授出公司擔保亦須遵守上市規則第13.15條下之全面披 露責任。 2 天瑞集團擔保 董事會認為天瑞集團擔保（截至二零二八年十二月三十一日止三個年度各年之每日 結餘上限不超過人民幣9,000百萬元）乃按一般商業條款或有利於本集團的條款提 供 ...

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，並明確表示概不就因本公告全部或任何部分內 容而產生或因依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的有限公司） （股份代號：1252） (1)有關二零二五年存款服務協議之持續關連交易及主要交易；及 (2)有關二零二五年金融服務協議之持續關連交易 背景 茲提述本公司日期為二零二二年十一月四日的公告及有關二零二二年存款服務協 議及二零二二年金融服務協議日期為二零二二年十二月六日的通函，據此，天瑞 財務同意向水泥集團分別提供存款服務、授信服務及結算服務，年期直至二零二 五年十二月三十一日。 因此，天瑞財務及天瑞水泥訂立二零二五年存款服務協議及二零二五年金融服務 協議，年期由二零二六年一月一日起直至二零二八年十二月三十一日。 二零二五年存款服務協議 於二零二五年十二月八日（交易時段後），本公司之間接全資附屬公司天瑞水泥 與天瑞財務訂立二零二五年存款服務協議，據此，天瑞財務同意向水泥集團提供 存款服務，惟須受其規定的條款及條件所限。 – 1 – 二零二五年金融服務協議 於二零二五年十二月八日 ...

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: 中國天瑞集團水泥有限公司 呈交日期: 2025年12月3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) | 01252 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

Group 1: Semiconductor Industry - Semiconductor stocks showed an upward trend, with Huahong Semiconductor rising 1.24% and SMIC increasing by 1.02%. The semiconductor industry is expected to continue its upward trajectory through 2025, driven by U.S. export controls and China's "14th Five-Year Plan" emphasizing technological self-reliance [1][2] Group 2: Pharmaceutical Sector - Lakai Pharmaceutical saw a significant increase of over 15%, with a cumulative rise of over 40% this month. The company has granted rights for its breast cancer candidate drug LAE002 to Qilu Pharmaceutical for a total transaction amount of 2.045 billion yuan, along with a potential sales commission of 10% to 20% [1] Group 3: Technology and AI - Cambridge Technology experienced a nearly 10% rise, with reports indicating that Meta is in talks with Google to potentially purchase TPUs for its data centers starting in 2027, with a procurement scale potentially reaching several billion dollars [1] - Guohua Tong surged over 14% after Huawei announced the launch of its first chat robot, "Smart Hanhan," priced at 399 yuan, marking Huawei's entry into the smart companionship market [2] - Xiaoma Zhixing reported a revenue increase of 72% year-on-year to 25.4 million USD in Q3 2025, with Robotaxi services growing by 89% [3] Group 4: Consumer Goods and Entertainment - Pop Mart rose over 8% after Sony Pictures acquired the film adaptation rights for Pop Mart's popular IP "Labubu," with plans for a movie series already in development [3] - Yuran Agriculture increased by over 9%, being recognized as the world's largest raw milk supplier with a comprehensive business model covering the entire dairy industry chain [4] Group 5: U.S. Market Movements - Robinhood's stock rose over 10.93% as the company announced the launch of a futures and derivatives exchange, deepening its investment in predictive markets [5] - Oracle's stock increased by 4.02% after Deutsche Bank raised its target price based on the company's growth potential in cloud infrastructure and AI services [6]

Core Viewpoint - China Tianrui Group Cement Company Limited (01252) experienced a stock price increase of over 6%, reaching HKD 0.335 with a trading volume of HKD 1.6321 million following a court ruling in favor of its controlling shareholder [1] Group 1: Company Developments - On November 26, China Tianrui Cement announced that it received notification from its controlling shareholder, Yu Kuo, regarding a court ruling [1] - The Hong Kong High Court dismissed a winding-up petition against Yu Kuo, which is a significant development for the company [1] - In September, the company had previously announced that Yu Kuo informed them that Zhongwei Securities Limited was approved to replace the petitioner in the winding-up proceedings against Yu Kuo [1]

Core Viewpoint - China Tianrui Group Cement Company Limited (01252) experienced a stock price increase of over 6%, closing at HKD 0.335 with a trading volume of HKD 1.6321 million following a court ruling in favor of its controlling shareholder [1] Group 1 - The Hong Kong High Court dismissed a winding-up petition against the controlling shareholder, Yu Kuo, as announced by China Tianrui Cement on November 26 [1] - In September, the company had previously announced that Yu Kuo informed them that China Wei Securities Limited was approved to replace the original petitioner in the winding-up proceedings against Yu Kuo [1]

Core Viewpoint - China Tianrui Cement (01252) announced that its controlling shareholder, Yukuo, has informed the company that the Hong Kong High Court has dismissed the winding-up petition against Yukuo [1] Group 1 - The Hong Kong High Court's ruling is a significant development for the company, as it alleviates potential financial distress related to its controlling shareholder [1] - The dismissal of the winding-up petition indicates a positive outcome for Yukuo, which may enhance investor confidence in China Tianrui Cement [1]

Core Viewpoint - China Tianrui Cement (01252) announced that its controlling shareholder, Yukuo, has informed the company that the Hong Kong High Court has dismissed the winding-up petition against Yukuo [1] Group 1 - The Hong Kong High Court's ruling is a significant development for the company, as it alleviates potential financial distress related to the controlling shareholder [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，概不就因本公告全部或任何部分內容而產 生或因依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的有限公司) (股份代號：1252) 駁回針對本公司控股股東的清盤呈請 茲提述中國天瑞集團水泥有限公司（「本公司」）於二零二五年九月九日刊發的公告 （「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者具有相同涵義。 本公司接獲其控股股東煜闊告知，香港高等法院已作出命令，駁回針對煜闊的清盤呈請。 本公司股東及投資者在買賣本公司證券時，務請審慎行事。 承董事會命 中國天瑞集團水泥有限公司 主席 李留法 香港，二零二五年十一月二十六日 於本公告日期，董事會成員包括執行董事，李鳳孌女士、丁基峰先生、李江銘先生及金明 杰先生；主席兼非執行董事，李留法先生；以及獨立非執行董事，孔祥忠先生、麥天生先 生及姜森林先生。 – 1 – ...