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所產生或因依 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：1681） 董事局會議通告 康臣葯業集團有限公司（「本公司」）董事（「董事」）局（「董事局」）謹此宣佈，本公 司將於2025年8月19日（星期二）舉行董事局會議，以處理以下事項： 承董事局命 康臣葯業集團有限公司 主席 安猛 香港，2025年8月5日 於本公告日期，董事局成員包括執行董事安猛先生、朱荃教授及楊玉川先生；非 執行董事張麗華博士；獨立非執行董事馮仲實先生、李義凱教授、李灼光先生及 段威武先生。 1. 考慮及批准本公司及其附屬公司截至2025年6月30日止六個月之未經審核中 期業績（「中期業績」）； 2. 考慮及批准根據香港聯合交易所有限公司證券上市規則公佈中期業績公告； 3. 考慮派發中期股息（如有）；及 4. 考慮及批准其他事項（如有）。 ...

Core Viewpoint - 康臣药业 has made significant investments in financial products through its subsidiaries, indicating a strategic use of idle funds to enhance financial returns [1] Group 1: Investment Details - 康臣药业's subsidiary, 霍尔果斯康臣, subscribed to a financial product from 浦发银行 with a principal amount of RMB 252 million [1] - On August 4, 2025, 霍尔果斯康臣, 玉林制药, and 内蒙古康臣 collectively subscribed to several financial products from 浦银理财, totaling a principal amount of RMB 623.5 million [1] - The group utilized its idle funds to make these subscriptions, reflecting a proactive approach to capital management [1]

Group 1 - The company announced that on August 1, 2025, its subsidiary, Horgos Kangchen, subscribed to a financial product from Pudong Development Bank with a principal amount of RMB 252,000,000 [1] - On August 4, 2025, the company's subsidiaries, Horgos Kangchen, Yulin Pharmaceutical, and Inner Mongolia Kangchen, subscribed to several financial products from Pudong Bank's wholly-owned subsidiary, with a total principal amount of RMB 623,500,000 [1] - The group utilized its idle funds to make the payments for the subscriptions [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份內容所產生或因依 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：1681） 須予披露交易 認購理財產品 認購理財產品 董事局宣佈，於2025年8月1日，本公司附屬公司霍爾果斯康臣向浦發銀行認購 一項理財產品，本金金額為人民幣252,000,000元。於2025年8月4日，本公司附 屬公司霍爾果斯康臣、玉林製藥及內蒙古康臣向浦銀理財（浦發銀行的全資附屬 公司）認購若干理財產品，本金總額為人民幣623,500,000元。本集團動用其閒 置資金支付認購事項的付款。 上市規則之涵義 認購事項A（按單獨基準）並不構成本公司於上市規則第14章項下的須予披露交 易，然而，由於所有理財產品均向浦發銀行或浦銀理財認購，性質相似且於12 個月內進行，故根據上市規則第14.22條及第14.23條，認購事項須合併計算。 由於根據上市規則第14.07條就認購事項計算的一項或多項適用百分比率（按合 併基準）超過5%但全部少於25%，根據上市規則第1 ...

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7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: 康臣葯業集團有限公司 呈交日期: 2025年8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) | 01681 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本 ...

Core Insights - The dialogue between Yin Qi, Chairman of Qianli Technology, and Kuang Ziping, Founding Managing Partner of Qiming Venture Partners, emphasizes the importance of a well-designed business model in AI entrepreneurship, moving away from the notion of "jumping off a cliff and assembling a plane" [2][15] - Yin Qi highlights the current competitive landscape in AI, noting that there is approximately a six-month gap between China and the U.S. in model development, while also stressing the need for profitable business models in foundational AI companies [3][13] - The future of AI terminals is expected to see a deep integration of hardware, operating systems, and services, leading to a transformation in how AI agents operate and interact with users [4][20] Industry Trends - The AI sector is entering a "resonance cycle of technology and application," with rapid growth in technology and its practical applications becoming increasingly viable [4] - Key areas projected for explosive growth in the next 12-24 months include foundational models, multimodal models, AI agents, and AI applications, with significant increases in token consumption expected [5] - The automotive sector is identified as a major opportunity for AI applications, particularly in smart driving and smart cabins, with the potential for significant market expansion [5][21] Business Model Considerations - Yin Qi stresses that foundational AI companies must justify their substantial annual investments in computing power (20-30 billion RMB) with a clear path to profitability [3][16] - The concept of a "closed loop" in business models is crucial for sustaining technological advancement, as companies must ensure that their foundational elements are correctly aligned to avoid misdirection [15][16] - The dialogue suggests that while software applications face intense competition, hardware opportunities in AI, particularly in vehicles and mobile devices, remain promising [17][20] Future Outlook - The evolution of AI operating systems is anticipated to bring significant changes, with a shift towards "human-machine collaboration" where machines perform complex tasks in the background [4][20] - The integration of AI services with hardware is expected to redefine product offerings, focusing on delivering comprehensive AI solutions rather than merely hardware [18][19] - The potential for AI hardware to exceed 50 million units shipped is linked to broader ecosystems involving people, vehicles, and homes, indicating a need for strategic investment in these interconnected areas [5][21]

Summary of Key Points Core Viewpoint - On July 18, 22 Hong Kong-listed companies conducted share buybacks, totaling 13.19 million shares and an aggregate amount of HKD 36.71 million [1][2]. Group 1: Buyback Details - VITASOY INT'L repurchased 1.044 million shares for HKD 9.67 million, with a highest price of HKD 9.260 and a lowest price of HKD 9.250, bringing its total buyback amount for the year to HKD 137.23 million [1][2]. - China International Marine Containers (CIMC) bought back 1.263 million shares for HKD 8.69 million, with a highest price of HKD 7.020 and a lowest price of HKD 6.700, totaling HKD 56.01 million in buybacks for the year [1][2]. - China Eastern Airlines repurchased 1.75 million shares for HKD 5.04 million, with a highest price of HKD 2.940 and a lowest price of HKD 2.850, accumulating HKD 575.79 million in buybacks this year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on July 18 was from VITASOY INT'L at HKD 9.67 million, followed by CIMC at HKD 8.69 million, and China Eastern Airlines also featured prominently [1][2]. - In terms of share quantity, the largest buyback was by Ying Group with 3 million shares, followed by Sincere International and China Eastern Airlines with 2 million and 1.75 million shares respectively [1][2].

Summary of Key Points Core Viewpoint - Multiple companies conducted share buybacks on July 18, 2025, with VITASOY INT'L leading in terms of buyback amount and quantity [1][2]. Company Buyback Details - **VITASOY INT'L (00345)**: - Buyback quantity: 1.044 million shares - Buyback amount: 9.6671 million [2] - Year-to-date buyback quantity: 14.574 million shares, representing 1.358% of total shares [2] - **中集集团 (02039)**: - Buyback quantity: 1.263 million shares - Buyback amount: 8.6893 million [2] - Year-to-date buyback quantity: 8.6108 million shares, representing 0.280% of total shares [2] - **百胜中国 (09987)**: - Buyback quantity: 16,500 shares - Buyback amount: 6.2518 million [2] - Year-to-date buyback quantity: 2.8399 million shares, representing 0.760% of total shares [2] - **中国东方航空股份 (00670)**: - Buyback quantity: 1.750 million shares - Buyback amount: 5.0398 million [2] - Year-to-date buyback quantity: 96.208 million shares, representing 1.859% of total shares [2] - **贝壳-W (02423)**: - Buyback quantity: 634,900 shares - Buyback amount: 4 million [2] - Year-to-date buyback quantity: 1.0836 million shares, representing 0.300% of total shares [2] Additional Companies Involved - **蒙牛乳业 (02319)**: - Buyback quantity: 200,000 shares - Buyback amount: 3.393 million [2] - Year-to-date buyback quantity: 4.75 million shares, representing 0.121% of total shares [2] - **信利国际 (00732)**: - Buyback quantity: 2 million shares - Buyback amount: 2.4 million [2] - Year-to-date buyback quantity: 44.522 million shares, representing 1.408% of total shares [2] - **名创优品 (09896)**: - Buyback quantity: 57,000 shares - Buyback amount: 1.9943 million [2] - Year-to-date buyback quantity: 2.7211 million shares, representing 0.219% of total shares [2] Summary of Buyback Trends - The buyback activities indicate a trend among companies to return capital to shareholders, with varying levels of commitment reflected in the percentage of total shares repurchased [1][2].

Core Viewpoint - As of July 18, 160 stocks reached their 52-week highs, with notable performances from China New Economy Investment (00080), Aoyuan Group Equity (02905), and Zhong An Holdings Group (08462) showing high growth rates of 288.89%, 55.28%, and 50.00% respectively [1][2]. Summary by Category 52-Week High Performers - China New Economy Investment (00080) closed at 0.440, with a peak price of 0.700, achieving a growth rate of 288.89% [2]. - Aoyuan Group Equity (02905) closed at 0.218, with a peak price of 0.250, achieving a growth rate of 55.28% [2]. - Zhong An Holdings Group (08462) closed at 0.221, with a peak price of 0.228, achieving a growth rate of 50.00% [2]. - Other notable performers include Hualian International (00969) with a growth rate of 40.13% and Zhongke Bio (01237) with a growth rate of 37.25% [2]. Additional High Performers - Wanma Holdings (06928) closed at 0.550 with a growth rate of 30.43% [2]. - Lepu Biopharma-B (02157) closed at 7.940 with a growth rate of 24.54% [2]. - Other stocks with significant growth include ZhiJianYueDong (06860) at 17.14% and China Jindian Group (08281) at 17.12% [2]. 52-Week Low Performers - The document also lists stocks that reached their 52-week lows, with XI Ernan CO-U (09311) showing a decline of 16.10% [6]. - Other notable declines include XI Ernan CO (07311) at -12.62% and Haotian International Construction Investment (01341) at -5.70% [6].

Summary of Key Points Core Viewpoint - On July 16, 22 Hong Kong-listed companies conducted share buybacks, totaling 15.2022 million shares and an amount of 32.662 million HKD [1][2]. Group 1: Buyback Details - China Eastern Airlines repurchased 2.5 million shares for 7.2631 million HKD, with a highest price of 2.950 HKD and a lowest price of 2.890 HKD, accumulating a total buyback amount of 564.32 million HKD for the year [1][2]. - China International Marine Containers repurchased 947,400 shares for 6.4245 million HKD, with a highest price of 6.850 HKD and a lowest price of 6.580 HKD, accumulating a total buyback amount of 42.8144 million HKD for the year [1][2]. - China Xuyang Group repurchased 1.38 million shares for 3.4859 million HKD, with a highest price of 2.540 HKD and a lowest price of 2.500 HKD, accumulating a total buyback amount of 158.3874 million HKD for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on July 16 was from China Eastern Airlines at 7.2631 million HKD, followed by China International Marine Containers at 6.4245 million HKD [1][2]. - In terms of share quantity, the most shares repurchased on July 16 were by China Electric Power, with 4.008 million shares, followed by China Eastern Airlines with 2.5 million shares and Jieli Trading with 2 million shares [1][2].