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: 千循科技有限公司 (「本公司」) 呈交日期: 2025年11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) | 01640 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 ...

Core Points - Cold Xuejun has resigned as the company's authorized representative effective October 3, 2025, to focus on other commitments while continuing as an executive director [1] - Li Tianzi has been appointed as the new authorized representative effective October 3, 2025 [1]

Core Viewpoint - Qianxun Technology (01640) announced the resignation of Mr. Leng Xuejun as the company's authorized representative effective October 3, 2025, to allocate more time to other matters, while he will continue to serve as an executive director [1] Group 1 - Mr. Li Tianzi has been appointed as the new authorized representative effective October 3, 2025 [1]

承董事會命 千循科技有限公司 主席兼執行董事 孫常鵬 香港，2025年10月3日 （於開曼群島註冊成立的有限公司） （股份代號：1640） 更改授權代表 千循科技有限公司（「本公司」）董事會（「董事會」）謹此宣佈，於2025年10月3日，冷學軍先生（「冷先 生」）由於計劃投放更多時間於其他事務，故根據上市規則第3.05條規定提出辭任本公司授權代表（「授 權代表」），由2025年10月3日起生效。冷先生將繼續擔任執行董事。冷先生辭任授權代表後，董事會 欣然宣佈，執行董事李天滋先生（「李先生」）已獲委任為授權代表，由2025年10月3日起生效。董事會 謹此熱烈歡迎李先生獲得新委任。 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依賴該等內 容而引致的任何損失承擔任何責任。 Qian Xun Technology Limited 千循科技有限公司 於本公告日期，執行董事為孫常鵬先生、冷學軍先生及李天滋先生，及獨立非執行董事為林藹茵女 士、黃誠思先生及牛鍾洁先生。 ...

截至月份: 2025年9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: 千循科技有限公司 (「本公司」) 呈交日期: 2025年10月2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) | 01640 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 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 ...

Revenue and Profitability - Revenue for the six months ended June 30, 2025, reached RMB 647.4 million, a significant increase of 864% compared to RMB 67.1 million in the same period of 2024[4] - Gross profit for the same period was RMB 27.6 million, up 458% from RMB 4.9 million year-over-year[4] - Profit before tax surged to RMB 52.8 million, representing a 454% increase from RMB 9.5 million in the prior year[4] - The Group recorded revenue of approximately RMB 647.4 million, representing a significant increase of approximately 864.8% compared to RMB 67.1 million for the corresponding period last year[20] - The total comprehensive income for the period was RMB 51,468,000, compared to RMB 5,366,000 in 2024, marking an increase of 861%[116] - For the six months ended June 30, 2025, the profit attributable to the owners of the Company was RMB 51,469,000, a significant increase from RMB 5,366,000 in the same period of 2024, representing a growth of approximately 861%[174] Business Segments - The pre-owned e-commerce business generated approximately RMB 625.7 million in revenue, becoming the largest source of revenue and profit for the company[14] - The traditional advertising business saw a decline, while the pre-owned e-commerce sector experienced rapid growth due to changing consumer attitudes[12] - The advertisement segment generated revenue of RMB 21,714,000, down from RMB 67,144,000 in 2024, indicating a decline of approximately 67.7%[138] - The pre-owned e-commerce segment reported revenue of RMB 625,670,000, with no revenue reported in the previous year, marking a substantial growth[138] Expenses and Costs - Selling and marketing expenses increased by 350% to approximately RMB 4.5 million, up from RMB 1.0 million in the corresponding period, mainly due to expenses from the pre-owned e-commerce business[23] - Administrative expenses rose by 109.1% to approximately RMB 11.5 million, compared to RMB 5.5 million in the corresponding period, also driven by the pre-owned e-commerce business[24] - Finance costs increased by 70.4% to approximately RMB 4.6 million, up from RMB 2.7 million in the corresponding period, primarily due to interest expenses from convertible bonds issued[25] - Total staff costs for the six months ended June 30, 2025, amounted to RMB 10,680,000, a significant rise from RMB 1,980,000 in 2024, marking an increase of approximately 438%[172] Financial Position - As of June 30, 2025, the company's cash and cash equivalents increased to approximately RMB110.6 million from RMB34.0 million as of December 31, 2024[52][59] - The total assets of the group rose to approximately RMB745.1 million as of June 30, 2025, compared to RMB459.2 million as of December 31, 2024[52][59] - The company's gearing ratio increased significantly from approximately 53.3% as of December 31, 2024, to approximately 97.2% as of June 30, 2025, primarily due to the increase in convertible bonds[53][60] - Trade receivables as of June 30, 2025, were RMB 286,690,000, up from RMB 222,884,000 as of December 31, 2024, representing an increase of about 28.7%[183] - Total liabilities as of June 30, 2025, were RMB 503,531,000, up from RMB 305,389,000 as of December 31, 2024, representing an increase of approximately 64.7%[146] Capital Management - The company successfully issued and placed convertible bonds with an aggregate principal amount of HK$256,630,000, representing approximately 17.63% of the total number of issued shares as of the announcement date[47] - The initial conversion price for the convertible bonds is set at HK$2.60, which may be adjusted[46] - The issuance of convertible bonds generated net proceeds of RMB 233,723,000 during the period[121] - The Group's total borrowings as of June 30, 2025, amounted to RMB 33,371,000, a decrease of approximately 59% from RMB 81,971,000 as of December 31, 2024[195] Strategic Initiatives - The company launched the "Fenhao Cloud AI Assistant" in March 2025, integrating AI capabilities into its services to enhance transaction efficiency[15] - The AI-driven decision-making engine aims to provide intelligent services across the entire transaction chain, enhancing competitiveness in the market[16] - The Group aims to offset weaknesses in the advertising business with high growth in the pre-owned e-commerce business in the short term[80] - The Group plans to implement cost restructuring and achieve efficiency gains through supply chain optimization and AI technology in the mid-term[80] - The long-term goal is to establish a triangular framework of "Technology + Supply Chain + Finance" to become a benchmark enterprise in the circular economy[80] Compliance and Governance - The Company has complied with the Corporate Governance Code for the six months ended June 30, 2025[83] - The Audit Committee confirmed compliance with all applicable accounting principles and standards for the interim results[109] - The Company has confirmed compliance with the Model Code for Securities Transactions by Directors during the six months ended June 30, 2025[84] Employee and Shareholder Information - As of June 30, 2025, the Group employed a total of 112 full-time employees, an increase of 83 employees compared to 29 full-time employees as of June 30, 2024[69][72] - Ms. Li Ye holds 64,000,000 shares, representing an interest of 11.43% in the Company[101] - Mr. Sang Kangqiao holds 140,000,000 shares, representing an interest of 25.00% in the Company[101] - The Company adopted the Share Option Scheme on October 22, 2019, to motivate eligible participants and maintain business relationships[88]

Core Viewpoint - Qianxun Technology (01640) has signed a non-binding memorandum of understanding for a potential acquisition of 100% equity in Web3 fintech company Punk Code Limited for no more than HKD 25 million, aiming to explore blockchain-based financial technology products [1] Group 1 - Qianxun Technology's stock price increased by over 7% during trading, currently up 5.29% at HKD 4.98, with a trading volume of HKD 10.24 million [1] - The acquisition is intended to leverage the company's existing second-hand digital trading business to develop a blockchain wallet and customized blockchain payment solutions for the second-hand digital industry [1] - The target company, Punk Code Limited, was founded in Hong Kong and has a founding team primarily from Tencent, indicating strong industry expertise [1] Group 2 - The board believes that the potential acquisition will enable the company to develop new business opportunities in the blockchain wallet application field, which is experiencing rapid global growth [1] - The acquisition could expand the company's customer base and strengthen its leading position in the industry [1] - The board is confident that if the acquisition is realized, it will effectively enhance the company's core competitive barriers and create strategic leverage for long-term shareholder value enhancement and returns [1]

Core Viewpoint - Qianxun Technology (01640) has signed a non-binding memorandum of understanding for a potential acquisition of 100% equity in Web3 fintech company Punk Code Limited for no more than 25 million HKD, aiming to explore blockchain-based financial technology products [1] Group 1: Acquisition Details - The acquisition price for Punk Code Limited is set at a maximum of 25 million HKD [1] - Punk Code Limited is a Web3 fintech company founded in Hong Kong, with a founding team primarily from Tencent [1] Group 2: Strategic Implications - The board believes that the acquisition will enable the company to develop new business in the blockchain wallet application area, which is experiencing rapid global growth [1] - The acquisition is expected to expand the company's customer base and strengthen its leading position in the industry [1] - The board is confident that if the acquisition is realized, it will effectively enhance the company's core competitive barriers and create strategic leverage for long-term shareholder value enhancement [1]

Major Events - Health 160 (02656) received a subscription rate of 751.77 times for its public offering in Hong Kong, with listing scheduled for September 17 [1] - Huajian Medical (01931) and Renhe International have reached a significant strategic cooperation to establish the world's first vertical RWA exchange focused on the OTC sector [1] - Giant Legend (06683) strategically invested in the operation company of the Bird's Nest to enhance IP and landmark synergy [1] - Yuexiu Property (00123) successfully acquired the Kangqiao land in Hangzhou's Gongshu District for 1.33 billion [1] - China Jinmao (00817) plans to increase capital by 350 million to Beijing Chaoyang and 2.15 billion to Beijing Manmao [1] - Sichuan Energy Investment Development (01713) signed a construction contract with Degge Gesaer Power for development [1] - Qianxun Technology (01640) signed a memorandum of understanding for the proposed acquisition of 100% equity in Punk Code Technology [1] - GCL-Poly Energy (03800) clarified that the profit statement for August-September is not an annual forecast, but based on the trend of polysilicon prices and disclosed data [1] Operating Performance - China Shenhua (01088) reported a coal production of 28.6 million tons in August, a year-on-year decrease of 0.3% [1] - Nanshun (Hong Kong) (00411) announced annual results with a net profit of 303 million HKD, representing a year-on-year increase of 51% [1]

Group 1 - The company, Qianxun Technology, has signed a non-binding memorandum of understanding for a potential acquisition of 100% equity in Punk Code Technology Hong Kong Limited, with a maximum consideration of HKD 25 million [1] - The final consideration will be determined based on an independent valuation report and the results of the company's due diligence, considering comparable industry transaction prices [1] - The target company is a Web3 fintech firm founded in Hong Kong, with a founding team primarily from Tencent, focusing on blockchain technology and digital asset solutions [2] Group 2 - The potential acquisition is expected to enable the company to develop new business in the blockchain wallet application field, which is rapidly growing globally [3] - The acquisition could expand the company's customer base and strengthen its industry leadership position [3] - The board believes that if the acquisition is realized, it will effectively enhance the company's core competitive barriers and create strategic leverage for long-term shareholder value enhancement [3]