Group 1 - The core viewpoint of the article highlights the rising trend in data center concept stocks, driven by significant capital expenditures from major companies like ByteDance and Alibaba [1] - ByteDance plans to increase its capital expenditure to approximately 160 billion RMB in 2026, up from about 150 billion RMB in 2025, with a specific budget of around 85 billion RMB allocated for AI chips [1] - Alibaba has also prioritized AI, intending to invest over 380 billion RMB in technology research and infrastructure over the next three years, with potential for upward adjustments to this target [1] Group 2 - The report from Zhongyou Securities indicates that the IDC industry is expected to experience an improvement in supply-demand dynamics due to increased investments from major companies and supportive policies [1] - The anticipated recovery in orders, concentrated deliveries, and improved utilization rates in 2026 may lead to a period of profit release, with industry utilization and pricing signals likely to improve [1] - The cautious approval of energy assessments and the scarcity of core location resources are expected to significantly slow down the disordered supply of new capacity [1]

Core Viewpoint - The data center concept stocks are experiencing an upward trend, driven by significant capital expenditures from major companies like ByteDance and Alibaba, indicating a positive outlook for the IDC industry [1] Group 1: Company Developments - ByteDance plans to increase its capital expenditure to approximately 160 billion RMB in 2026, up from about 150 billion RMB in 2025, with a specific budget of around 85 billion RMB allocated for AI chips [1] - Alibaba has identified AI as a priority direction for the future, planning to invest over 380 billion RMB in technology research and infrastructure over the next three years, with potential for upward adjustments to this target [1] Group 2: Industry Outlook - The IDC industry is expected to see an improvement in supply-demand dynamics due to increased investments from major companies and policy support, leading to a recovery phase characterized by order restoration, concentrated delivery, and improved profit release by 2026 [1] - The combination of new AI-driven demand and cautious energy evaluation approvals, along with the scarcity of core location resources, is likely to slow down disordered new supply significantly [1] - The industry is anticipated to experience improvements in utilization rates and pricing signals, with conditions favorable for valuations to return from the bottom to a normalized range [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 公司名稱: 新意網集團有限公司 呈交日期: 2026年1月6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) | 01686 | 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 | 本月底法定/註冊股本總額： HKD 1,000,000,000 第 1 頁 共 11 頁 ...

Group 1 - Hong Kong data center stocks experienced an upward trend in early trading, with a notable increase in share prices [1] - GDS Holdings Limited (万国数据-SW) saw a rise of 5.44%, reaching HKD 36.04 [1] - Neway Group (新意网集团) increased by 4.01%, with shares priced at HKD 5.19 [1]

Group 1 - Data center stocks experienced an upward trend, with GDS Holdings (09698) rising by 5.44% to HKD 36.04 and New Oriental Group (01686) increasing by 4.01% to HKD 5.19 [1] - The U.S. government has allowed NVIDIA to sell its H200 AI chips to China, with a fee imposed on each chip sold [1] - Goldman Sachs upgraded the cloud and data center sub-sector to a preferred position, anticipating sustained demand for AI training and inference, driven by large-scale cloud service providers' multi-chip strategies and positive outlook on data center order volume and capital expenditure [1] Group 2 - Goldman Sachs expressed a favorable view on GDS Holdings and similar companies within the cloud and data center sector [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11月30日 狀態: 新提交 公司名稱: 新意網集團有限公司 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) | 01686 | 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 (-) | | | | 0 | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HK ...

Group 1 - The company appointed Ms. Luo Yi as an executive director and Mr. Lin Guofeng as an independent non-executive director, effective from November 28, 2025 [1] - Ms. Liu Bangni has resigned from the position of company secretary and will no longer serve as the authorized representative for legal document delivery, effective from November 28, 2025 [1] - Ms. Le Wei has been appointed to replace Ms. Liu as the company secretary and authorized representative, effective from November 28, 2025 [1]

刘邦妮女士(刘女士)已辞任公司秘书的职务，并因此将不再担任根据上市规则第3.05条及按香港法例第 622章公司条例第16部项下代表公司接受送达法律程序文件及通知的公司获授权代表，均由2025年11月 28日起生效。乐蔚女士(乐女士)已获委任接替刘女士为公司公司秘书及获授权代表，均由2025年11月28 日起生效。 智通财经APP讯，新意网集团(01686)发布公告，委任罗羿女士(罗女士)为公司的执行董事及林国沣先生 (林先生)为公司的独立非执行董事，均自2025年11月28日起生效。 ...

郭炳聯 (主席) 馮玉麟 (副主席) 董子豪 陳文遠 羅羿 非執行董事 張永銳 (副主席) 郭基泓 David Norman PRINCE 廖家俊 蕭漢華 陳康祺 獨立非執行董事 李安國 金耀基 黃啟民 李惠光 陳真光 林國灃 SUNEVISION HOLDINGS LTD. 新意網集團有限公司 （於開曼群島註冊成立之有限公司） (股份代號：1686) 董事名單與其角色和職能 新意網集團有限公司 (「本公司」) 董事會成員及其角色和職能載列如下：- 執行董事 - 1 - 本公司審核委員會、薪酬委員會及提名委員會之成員資料載列如下：- 審核委員會 黃啟民 (主席) 張永銳 李安國 金耀基 薪酬委員會 金耀基 (主席) 馮玉麟 張永銳 李安國 黃啟民 提名委員會 李安國 (主席) 張永銳 金耀基 黃啟民 陳真光 香港，2025年11月28日 - 2 - ...

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佈之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何部分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。 新意網集團有限公司 （「本公司」） （於開曼群島註冊成立之有限公司） （股份代號：1686） 委任執行董事及 獨立非執行董事； 及 公司秘書及獲授權代表之變更 本公司董事會（「董事會」）欣然宣佈委任羅羿女士（「羅女士」）為本公司之執行董事 及林國灃先生（「林先生」）為本公司之獨立非執行董事，均自2025年11月28日起生效 （「該等委任」）。 委任執行董事 羅女士，41歲，自 2024 年 4月 1日起擔任本公司商務總監。彼畢業於香港科技大學商學院， 並持有歐洲工商管理學院頒授的工商管理碩士學位。 SUNEVISION HOLDINGS LTD. 羅女士於2020年10月加入新鴻基地產發展有限公司（「新鴻基地產」，根據香港法例 第571章證券及期貨條例（「證券及期貨條例」）第 XV部為本公司之主要股東）。於同 年，彼獲委任為本公司之策略總監，期後再獲晉升為商務總經理。 羅女士多年來於科技領域累積傑出經驗 ...