Market Overview - The A-share market experienced a slight pullback from November 10 to November 14, with the Shanghai Composite Index down 0.18% to 3990.49 points, the Shenzhen Component Index down 1.4%, and the ChiNext Index down 3.01% [1] Institutional Research Highlights - A total of 344 listed companies disclosed institutional investor research memos during the week, with approximately 50% of the researched stocks achieving positive returns [1] - Huasheng Lithium Battery led with a 79.6% increase, followed by Fuxiang Pharmaceutical at 46.66%, Fangyuan Co. at 34.59%, and Yongtai Technology at nearly 34% [1] - Notable stocks such as Zhongsheng Pharmaceutical and Fengyuan Co. achieved consecutive gains, with several others surpassing a 20% increase [1] Company Focus: Boying Special Welding - Boying Special Welding (301468) was one of the most researched companies, receiving 4 institutional visits with participation from 79 institutions [2] - The company focuses on anti-corrosion and wear-resistant welding equipment, with applications in energy, chemical, metallurgy, and other industries [2] - Key topics of inquiry included capacity expansion for HRSG (Heat Recovery Steam Generator), progress on the Vietnam production base, and overseas expansion plans [2] Boying Special Welding's Expansion Plans - The Vietnam base has officially commenced production with 4 HRSG production lines, and a second phase is expected to be operational by Q2 2026 [2] - The company plans to establish a total of 12 HRSG production lines in Vietnam to enhance overseas supply capabilities [2] - In domestic production, Boying has set up 2 HRSG production lines to support non-U.S. market demand [2] Global Market Trends - The global oil and gas pipeline market is experiencing structural growth driven by increased natural gas demand in the Asia-Pacific and emerging markets, energy construction projects due to geopolitical conflicts, and the need to upgrade aging networks in Europe and the U.S. [2] - Boying Special Welding is leveraging its technological advantages and is in discussions with leading international clients to establish a solid commercial relationship [2] Company Focus: Anbotong - Anbotong received the highest number of institutional visits, with 95 institutions participating [3] - The company specializes in core software for network security and is focusing on AI and intelligent computing as a core future direction [3] - Anbotong is actively seeking common scenarios with broad demand for enterprise-level applications, particularly in water conservancy and real estate leasing [3] Anbotong's Competitive Edge - The company emphasizes the need to combine traditional security expertise with AI algorithms and computing power to effectively counter AI-driven attacks [4] - Anbotong is establishing a computing power technology subsidiary focused on GPU resource management [3][4] Company Focus: Opto - Opto hosted 75 institutional visits, focusing on machine vision technology applications and industry opportunities [6] - The company has developed a comprehensive product matrix covering "vision + sensing + motion + AI" for industrial automation [6] - Opto has partnered with Yujian Technology to create a high-precision logistics automation sorting solution using a 3D vision system [6] Company Focus: Obsidian Optical - Obsidian Optical received 64 institutional visits, focusing on building the "eyes" of robots through self-developed chips and system technology [7] - The company has completed over 10 chip tape-outs, including iToF and dToF sensing chips [7] - As a partner in NVIDIA's global digital ecosystem, Obsidian Optical aims to integrate more visual ecological products into NVIDIA's platform [7] Other Companies - Anke Biological, Dekeli, and World also received research from over 50 institutions each [8]

Market Overview - The A-share market experienced a slight pullback this week, with the Shanghai Composite Index down 0.18% to 3990.49 points, the Shenzhen Component Index down 1.4%, and the ChiNext Index down 3.01% [1] - Institutional research enthusiasm remained high, with 344 listed companies disclosing institutional investor research summaries this week, and approximately 50% of the researched stocks achieved positive returns [1] Company Highlights Huasheng Lithium Battery - Huasheng Lithium Battery led the gains with a 79.6% increase, marking a cumulative deviation of 200% over 30 consecutive trading days [1] Boying Special Welding - Boying Special Welding (301468) was one of the most researched companies, receiving 4 institutional visits with 79 participating investors. The company focuses on special equipment manufacturing and has expanded into industrial equipment and high-end structural components [2] - Key topics included capacity expansion for HRSG (Heat Recovery Steam Generator) and the progress of its Vietnam production base, which has officially commenced operations with 4 HRSG production lines, and plans for a total of 12 lines by 2026 [2][3] Anbotong - Anbotong received the highest number of institutional visits this week, with 95 participating institutions. The company specializes in core software for network security and is focusing on AI + intelligent computing as a core direction for future growth [4] - The company is establishing a computing technology subsidiary in Shanghai and Nanjing, focusing on GPU resource management [4][5] Opto - Opto hosted 75 institutional visits, focusing on machine vision technology applications and industry opportunities. The company has developed a full-stack product matrix covering "vision + sensing + motion + AI" [6] - Recent collaborations include a partnership with Yujian Technology to enhance logistics automation through a 3D vision system [6] Obi Zhongguang - Obi Zhongguang received 64 institutional visits, focusing on its self-developed chips and 3D vision sensor technology for robotics and AI applications. The company has completed over 10 chip designs since its inception [7] ETF Performance - The Food and Beverage ETF (515170) tracked a sub-index with a 2.99% increase over the past five days, while the Gaming ETF (159869) decreased by 2.76%. The Sci-Tech 50 ETF (588000) and Cloud Computing 50 ETF (516630) saw declines of 3.76% and 4.93%, respectively [10]

公 司 法（經 修 訂） 獲豁免股份有限公司 Jakota Capital (Holding) Group 嘉 高 達 資 本（控 股）集 團 的 第二次經修訂及重述的組織章程大綱 （根 據 於 二零二 五九月四日舉行的股東週年大會上 通 過 的 特 別 決 議 案 採 納 並 自 二 零 二 五 年 九 月 十 五 日 生 效） – 1 – 1. 本公司的名稱為Jakota Capital (Holding) Group嘉 高 達 資 本（控 股）集 團。 2. 本公司的註冊辦事處設於Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands。 3. 在 本 章 程 大 綱 以 下 條 文 規 限 下，本 公 司 的 成 立 目 標 並 無 限 制，並 應 包 括 但 不 限 於： 1. (a) 於 其 所 有 分 公 司 作 出 及 履 行 控 股 公 司 的 一 切 職 能，協 調 於 不 論 在何處註冊成立或開展業務 ...

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之內容概不 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 會 就 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之任何損失承擔任何責 任。 JAKOTA CAPITAL (HOLDING) GROUP 嘉高達資本（控股）集團 誠 如 該 公 告 所 述，目 標 集 團 於 二 零 二 五 年 三 月 三 十 一 日 的 經 審 核 綜 合 負 債 淨 額約為298.7百 萬 港 元。該 金 額 包 含 目 標 集 團 結 欠 本 公 司 的 未 償 還 餘 額，截 至 同 日合共約為308.8百 萬 港 元（「公司間貸款」）。 董 事 會 謹 此 提 供 有 關 公 司 間 貸 款 的 更 多 資 料。該 等 資 金 中 超 過80%由本公司自 上 市 起 至 二 零 一 八 年 初 籌 集。該 等 資 金 用 於 支 持 目 標 集 團 收 購 水 貂 養 殖 場 及 水 貂，進 而 提 升 其 營 運 能 力。餘 額 乃 因 本 公 司 向 目 標 集 團 提 供 公 司 間 ...

Core Viewpoint - King Key Financial International (01468.HK) has officially changed its name to Jakota Capital (Holding) Group, as confirmed by the Hong Kong Companies Registry [1] Group 1 - The name change was registered under the Companies Ordinance (Cap. 622) of Hong Kong [1] - The English name has been changed from "King Key Financial International (Holdings) Limited" to "Jakota Capital (Holding) Group" [1] - The Chinese name has been changed from "京基金融国际(控股)有限公司" to "嘉高达资本(控股)集团" [1]

Core Viewpoint - Kingkey Financial International has officially changed its registered English name to Jakota Capital (Holding) Group and its Chinese name to 嘉高达资本(控股)集团, effective from November 7, 2025 [1] Group 1 - The company has received a certificate of change of name from the Registrar of Companies in Hong Kong on October 15, 2025 [1] - The stock trading name on the Hong Kong Stock Exchange will change from "KINGKEY FIN INT" to "JAKOTA CAPITAL" in English and from "京基金融国际" to "嘉高达资本" in Chinese, effective from November 7, 2025 [1] - The stock code will remain unchanged at "1468" [1]

Core Viewpoint - Kingkey Financial International has officially changed its name to Jakota Capital (Holding Group) as confirmed by the Hong Kong Companies Registry, effective from November 7, 2025 [1] Group 1 - The English name change from "Kingkey Financial International (Holdings) Limited" to "Jakota Capital (Holding Group)" has been registered under the Companies Ordinance [1] - The Chinese name change from "京基金融国际(控股)有限公司" to "嘉高达资本(控股)集团" has also been confirmed [1] - The trading name on the Hong Kong Stock Exchange will change from "KINGKEY FIN INT" to "JAKOTA CAPITAL" while the stock code "1468" will remain unchanged [1]

(1)更 改 公 司 名 稱； (2)採納第二次經修訂及重述的 組 織 章 程 大 綱 及 細 則； (3)更 改 股 份 簡 稱； (4)採 用 新 公 司 標 誌；及 (5)更改公司網站 茲 提 述：(i)嘉 高 達 資 本（控 股）集 團（前 稱「京 基 金 融 國 際（控 股）有 限 公 司」）（「本 公 司」）日 期 為 二 零 二 五 年 五 月 十 九 日 的 公 告；(ii)本公司日期為二零二五年八月 十 一 日 的 通 函（「該通函」）；及(iii)本公司日期為二零二五年九月四日的股東週 年 大 會（「股東週年大會」）投 票 結 果 公 告，內 容 有 關（其 中 包 括）建 議 更 改 公 司 名 稱 及 建 議 修 訂 組 織 章 程 大 綱 及 細 則（「大綱及細則」）。除 另 有 定 義 外，本 公 告 所 用 詞 彙 與 該 通 函 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之內容概不 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 ...

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 公司名稱: 京基金融國際(控股)有限公司 呈交日期: 2025年11月4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) | 01468 | 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 | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 ...

Core Viewpoint - Southbound funds have significantly reduced their holdings in Jingji Financial International (01468.HK), indicating a bearish sentiment towards the company in recent trading days [1][2]. Summary by Sections Southbound Fund Holdings - On November 3, southbound funds reduced their holdings by 560,000 shares of Jingji Financial International [1]. - Over the past five trading days, there has been a total net reduction of 3,692,000 shares [1]. - In the last 20 trading days, the cumulative net reduction reached 19,668,000 shares [1]. - Currently, southbound funds hold 968 million shares, which accounts for 55.71% of the company's total issued ordinary shares [1]. Trading Data - The total number of shares held as of November 3 is 968 million, with a decrease of 560,000 shares, reflecting a change of -0.06% [2]. - On October 31, the reduction was 1,642,000 shares, representing a -0.17% change [2]. - Other notable reductions include 330,000 shares on October 30 and October 28, both showing a -0.03% change, and 830,000 shares on October 27, with a -0.09% change [2]. Company Overview - Jingji Financial International is primarily engaged in insurance business as an investment holding company [2]. - The company operates through seven divisions, including insurance brokerage, insurance technology, network and investment, fur sales, securities, lending, and asset management [2].