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。 承董事會命 福壽園國際集團有限公司 Fu Shou Yuan International Group Limited 福壽園國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1448） 澄清公告 茲提述福壽園國際集團有限公司（「本公司」）日期為二零二五年十一月二十一日有關 委任獨立非執行董事的公告（「該公告」）。除非另有界定，否則本公告所用詞彙與該 公告所界定者具有相同涵義。 本公司謹此澄清，該公告中文版本第一頁第一段所載之陳述因翻譯導致無意排版錯 誤。為免存疑，相關披露之正確表述如下，修改部分已加下劃線標示： 「福壽園國際集團有限公司（「本公司」，連同其附屬公司「本集團」）董事（「董事」）會 （「董事會」）欣然宣佈，石曉北先生（「石先生」）、陳貴先生（「陳先生」）及伍超豪先生 （「伍先生」）均已獲董事會委任為獨立非執行董事，自二零二五年十一月二十一日生 效。」 該公告的英文版本之披露內容 ...

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: 福壽園國際集團有限公司 呈交日期: 2025年12月1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) | 01448 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | | 0.01 | USD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | | 0.01 | USD | | 200,000,000 | ...

Group 1 - The company Fushouyuan (01448.HK) announced the appointment of three non-executive directors: Shi Xiaobei, Chen Gui, and Wu Chaohua, effective from November 21, 2025 [1]

Core Points - Fushouyuan (01448) announced the appointment of Mr. Shi Xiaobei, Mr. Chen Gui, and Mr. Wu Chaohua as non-executive directors, effective from November 21, 2025 [1]

Core Viewpoint - Fushouyuan (01448) announced the appointment of Mr. Shi Xiaobei, Mr. Chen Gui, and Mr. Wu Chaohua as non-executive directors, effective from November 21, 2025 [1] Company Summary - The company has made changes to its board of directors by appointing three new non-executive directors [1]

Fu Shou Yuan International Group Limited 福壽園國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1448） | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | 合規委員會 | | --- | --- | --- | --- | --- | | 白曉江先生 | | | C | | | 談理安先生 | | M | | | | 王計生先生 | | | M | | | Huang James Chih-Cheng | 先生 M | | | | | 羅祝平先生 | | | | | | | M | C | M | M | | 何敏先生 | C | | M | M | | 梁艷君女士 | | M | M | C | | 陳欣先生 | M | | | | | 石曉北先生 | | | | | | | | M | M | | | 陳貴先生 | | | | M | | 伍超豪先生 | | | | | | | M | | | | 附註： C 指有關董事委員會的主席 M 指有關董事委員會的成員 董事名單與其角色及職能 獨立非執行董事： 羅祝平先生 何敏先生 梁艷君女士 ...

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。 Fu Shou Yuan International Group Limited 福壽園國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1448） (1)委任獨立非執行董事 及 (2)董事委員會組成變動 – 1 – 國之公司麥格理投資顧問（北京）有限公司之董事長以及董事總經理。於二零一二年 至二零一七年，石先生於中信產業投資基金管理有限公司擔任跨境投資執行董事及 董事總經理。於二零一五年五月至二零二二年五月，石先生先後任北控清潔能源集 團有限公司（一家聯交所主板上市公司，股份代號：1250，後更名為山高新能源集 團有限公司）之執行董事、行政總裁及薪酬委員會成員。於二零一七年至二零二二 年，石先生於香港之中信產業投資基金管理有限公司擔任董事總經理及投資委員會 委員。彼於香港及中國內地銀行及投資服務領域擁有20餘年經驗。 於本公告日期，石先生概無於本公司股份中擁有香港法例第571章證券及期貨 ...

Core Viewpoint - The report titled "2026-2032 China Cemetery Industry Development Outlook and Investment Strategy Research Report" provides a comprehensive analysis of the cemetery industry in China, focusing on market trends, competitive landscape, and investment opportunities [1][23]. Industry Overview - The cemetery industry serves as a dedicated space for the burial of deceased individuals, combining funeral functions with cultural significance, and typically includes facilities such as tombstones and memorial areas [6][8]. - The industry chain consists of upstream raw material supply, midstream construction and operation, and downstream related services, all of which are evolving towards greener, smarter, and more personalized offerings [8][9]. Market Environment and Impact Analysis - The Chinese funeral service market is projected to exceed 360 billion yuan in 2024, driven by an aging population and an increase in burial demand, with the population aged 60 and above reaching 310 million and an estimated 10.93 million deaths in 2024, a 10% increase from four years ago [2][13]. - Policy-driven green transformation and changing consumer attitudes are reshaping the market landscape [2][13]. International Cemetery Industry Analysis - The global cemetery industry is dominated by leading companies like SCI, which operates over 400 cemeteries worldwide, leveraging scale advantages [2][16]. - The domestic market is categorized into three tiers: the first tier led by Fushouyuan, the second tier comprising listed companies like Fucheng Co., and the third tier consisting of local state-owned and small private cemeteries [2][16]. Competitive Landscape - The competitive structure of the cemetery industry reveals that international players hold significant market share, while domestic companies are expanding through mergers and acquisitions, digital services, and regional focus [16][23]. - Key players include Fushouyuan International Group, which has expanded into over 40 cities, and Fucheng Co., which focuses on regional acquisitions [16][18]. Investment Strategy and Recommendations - The report emphasizes the importance of understanding the latest industry dynamics and competitive landscape to formulate effective investment strategies and enhance operational efficiency [23][41]. - It provides strategic recommendations for industry development, investment directions, and operational strategies tailored to the evolving market conditions [41].

Core Conclusions - The market is expected to refocus on investment opportunities in smart vehicles in Q4, driven by the ongoing AI trend and the advancement of L4 capabilities in autonomous vehicles like Robotaxi [2][3] - Key catalysts for smart vehicle development in Q4 include Tesla's V14 release, XPeng's 2026 Robotaxi production plan, and the introduction of new autonomous vehicles by various companies [2] - The report anticipates a significant acceleration in the entry of core players into the L4 market by 2026, marking a pivotal year for Robotaxi [2] Comparison with Last Year - Similarities with last year's Q4 include the spread of AI applications, but this year emphasizes the evolution of AI logic rather than a resonance with automotive logic [3] - The focus has shifted from hardware opportunities and consumer sales to software opportunities and breakthroughs in B2B applications [3] Investment Recommendations - The report suggests a preference for Hong Kong stocks over A-shares, with a focus on software over hardware and B2B over B2C [6] - Recommended investment combinations include XPeng Motors, Horizon Robotics, and Cao Cao Mobility [6] - Key targets from the perspective of Robotaxi include integrated models (Tesla, XPeng, Qianli Technology) and technology providers (Horizon Robotics, Baidu, Pony.ai) [6] Smart Vehicle Market Overview - The report highlights the improvement in autonomous driving capabilities among various automakers, with XPeng, Huawei, and Li Auto leading the first tier [7] - The penetration rate of smart driving in urban areas reached 23.0% in August, with XPeng's smart driving penetration hitting 76.1% [7] - The report notes a significant increase in the sales of smart vehicles, with a projected growth in the Robotaxi market from 0-30% penetration by 2030 [15] Future Outlook - The core task for automotive intelligence from 2025 to 2027 is to achieve a penetration rate of 50%-80% for new energy vehicles [15] - By 2028-2030, Robotaxi is expected to achieve large-scale commercialization, marking a significant breakthrough in the automotive industry [15] Smart Vehicle Supply Chain Tracking - The report provides a detailed analysis of the smart vehicle supply chain, including hardware components (sensors, chips) and software solutions [10] - Key companies in the hardware segment include Sunny Optical, Nvidia, and Desay SV [10] - In the software segment, notable companies include WeRide, Momenta, and Pony.ai [10] Consumer Willingness to Pay - The report discusses consumer willingness to pay for smart features, indicating a growing acceptance of smart driving technologies [13] - The analysis includes projections for the domestic market size of Robotaxi, estimating significant growth in sales and market penetration [14]

公司名稱: 福壽園國際集團有限公司 呈交日期: 2025年11月3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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01448 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | | 上月底結存 | | | 20,000,000,000 | USD | | 0.01 USD | | 200,000,000 | | | 增加 / 減少 (-) | | | 0 | | | USD | | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | | 0.01 USD | | 200,000,000 | | ...