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: 中國正通汽車服務控股有限公司 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) | 01728 | 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 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000, ...

Core Viewpoint - Dongzheng Finance (02718.HK) is set to issue 533 million shares with a price range of HKD 4.20 to HKD 6.30, targeting both local and international investors, and plans to list on March 26, 2019 [1][2]. Group 1: Company Overview - Dongzheng Finance is a subsidiary of Zhengtong Automotive and is the only automotive finance company in China licensed and regulated by the China Banking and Insurance Regulatory Commission [2]. - The company specializes in providing financial products and services for the purchase of luxury brand vehicles [2]. - As of December 31, 2018, the company had a dealer network of 1,280 dealers covering 182 cities in China, including all four first-tier cities and various second and third-tier cities [3]. Group 2: Financial Performance - In 2018, the company issued 31,577 retail loans for luxury vehicle purchases, totaling a principal amount of RMB 6.108 billion, which accounted for 75.7% of the total retail loans issued by the company [2]. - The company reported revenues of RMB 3.32 billion, RMB 4.62 billion, and RMB 8.16 billion for the years 2016, 2017, and 2018, respectively, with net profits of RMB 1.75 billion, RMB 2.61 billion, and RMB 4.53 billion during the same period [3]. Group 3: Use of Proceeds - The net proceeds from the offering are estimated to be approximately HKD 2.672 billion, with 70% allocated for expanding business involving external clients, 15% for self-operated retail loans to Zhengtong Automotive clients, 5% for developing technology and operational capabilities, and 10% for general working capital [3].

Core Insights - The logistics industry is witnessing a significant shift towards the adoption of unmanned delivery vehicles, with major companies making large-scale purchases to enhance efficiency and reduce costs [1][4][5]. Group 1: Unmanned Vehicle Procurement - China Post has initiated a procurement project for 7,000 unmanned vehicles, including various sizes and services, with a framework agreement lasting four years [1][2]. - JD Logistics plans to purchase 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to strengthen its position in smart logistics [1][4]. - Companies like Cainiao and Shentong Express are also investing in unmanned vehicles, with Shentong aiming to deploy 2,000 unmanned vehicles by the end of the year [1][5]. Group 2: Market Trends and Growth - The unmanned delivery vehicle market is expected to experience explosive growth by 2025, driven by technological advancements, cost reductions, and increased demand in the instant retail market [4][6]. - As of mid-2025, over 100 cities in China have opened road rights for unmanned delivery vehicles, with the total number of such vehicles exceeding 6,000, marking a 50% increase from 2024 [6][8]. Group 3: Cost Efficiency and Operational Benefits - Unmanned vehicles can significantly reduce delivery costs, with reports indicating a decrease of 30%-50% in last-mile delivery expenses [8][10]. - Companies like Zhongtong Express have noted that using unmanned vehicles can lower costs by 6-7 cents per package, enhancing operational efficiency [5][10]. Group 4: Expansion Beyond Traditional Delivery - The application of unmanned vehicles is expanding beyond the express delivery sector into urban logistics and instant delivery markets, indicating a potential for exponential growth [10][12]. - White Rhino is diversifying its operations to include campus delivery networks and retail replenishment, showcasing the versatility of unmanned vehicles in various logistics scenarios [12].

| 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) | 01728 | 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 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | 本月底法定/註冊股本總額： HKD 2,000,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 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9月30日 狀態: 新提交 致： ...

（根據開曼群島法律註冊成立的有限公司） （股份代號：1728） 復牌進度季度更新 及 繼續暫停買賣 本公告乃由中國正通汽車服務控股有限公司（「本公司」）根據香港聯合交易所有限公 司（「聯交所」）證券上市規則（「上市規則」）第13.09條及香港法例第571章證券及期貨 條例第XIVA部項下之內幕消息條文而作出。 茲提述(i)本公司與信達汽車（香港）有限公司（「要約人」）於2025年6月9日就（其中包 括）要約而聯合刊發之綜合要約及回應文件（「綜合文件」）；(ii)本公司與要約人於 2025年6月30日就（其中包括）要約結果及本公司股份於聯交所暫停買賣之聯合公 告；(iii)本公司日期為2025年8月1日之公告，內容有關聯交所發出之復牌指引； 及(iv)本公司日期為2025年9月19日之公告，內容有關授出嚴格遵守上市規則第 8.08(1)條及第13.32(1)條之豁免（「豁免公告」）。誠如豁免公告所述，聯交所已向本 公司授出暫時豁免嚴格遵守上市規則第8.08(1)條及第13.32(1)條，期間由2025年6月 30日起至2025年12月31日止（「豁免期」）。 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 ...

[Management Discussion and Analysis](index=3&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E5%8F%8A%E5%88%86%E6%9E%90) This section provides an overview of the Group's market performance, business operations, financial results, and future strategies for the reporting period [Market Review](index=3&type=section&id=%E5%B8%82%E5%9C%BA%E5%9B%9E%E9%A1%BE) In H1 2025, China's auto market grew with policy support, driven by NEVs exceeding 50% penetration, while luxury car sales slightly declined and used car market improved in quality - In H1 2025, multiple government departments, including the National Development and Reform Commission and the Ministry of Finance, introduced policies that further strengthened support for the automotive industry compared to 2024, which is expected to drive new and used car sales[5](index=5&type=chunk) 2025 H1 China Passenger Vehicle Market Data | Metric | Data | | :--- | :--- | | Overall Retail Sales | 10.901 million units | | Y-o-Y Growth | 10.8% | | Luxury Car Sales Y-o-Y Decline | 5%–7% (approx. 1.6 million units) | | New Energy Vehicle Sales | 5.468 million units | | New Energy Vehicle Sales Y-o-Y Growth | 33.3% | | New Energy Vehicle Market Penetration | 50.2% | | Used Car Market Cumulative Transaction Volume | 9.5701 million units | | Used Car Market Transaction Volume Y-o-Y Growth | 2.0% | | National Vehicle Ownership (as of end of June) | 360 million units | | New Energy Vehicle Ownership Proportion | 10.3% | [Business Review](index=3&type=section&id=%E4%B8%9A%E5%8A%A1%E5%9B%9E%E9%A1%BE) The Group focused on mid-to-high-end auto operations, optimizing management, accelerating NEV transformation, closing inefficient stores, and enhancing digital management, with a HKD 1 billion share issuance to Xinda Auto (Hong Kong) Co., Ltd., making Xiamen ITG Holding Group Co., Ltd. the controlling shareholder and relocating the management headquarters to Xiamen - The Group continued to focus on mid-to-high-end brand automobile operations, enhancing core competitiveness and operational quality through optimizing management structure, promoting new energy transformation, closing inefficient stores, strengthening centralized procurement, and digital management[7](index=7&type=chunk) - In June 2025, the Group completed a share issuance to Xinda Auto (Hong Kong) Co., Ltd., raising approximately **HKD 1 billion**, with Xiamen ITG Holding Group Co., Ltd. becoming the controlling shareholder, providing capital support and resource guarantees for the Group's future development[7](index=7&type=chunk) - The Group's management headquarters officially relocated to Xiamen to better utilize local resources, deepen localized operations, and lay the foundation for strategic synergy within the shareholder system[7](index=7&type=chunk) 2025 H1 Group Operating Overview | Metric | Data | | :--- | :--- | | Awards and Honors | 53 units (51 from manufacturers, 2 from government/media/industry associations) | | Ranking among Top 100 Chinese Auto Dealer Groups | 21st | | Ranking among Top 100 Chinese Auto Dealer Groups — New Energy Sub-list | 66th | | Revenue | approx. RMB 8,891.0 million | | Gross Profit | approx. RMB 297.5 million | [Automobile Dealership](index=4&type=section&id=%E6%B1%BD%E8%BD%A6%E7%BB%8F%E9%94%80) The Group restructured its automobile dealership business, promoting regional coordination and vertical brand management, accelerating NEV transformation, and strengthening centralized and digital management to improve operational efficiency, with NEV sales accounting for approximately 8.6% of new car sales - The Group restructured its automobile dealership brand business architecture, emphasizing both regional coordination and vertical brand management, vigorously promoting the transformation of stores towards new energy brands[8](index=8&type=chunk) - New energy new car sales accounted for approximately **8.6%** of the Group's total sales[8](index=8&type=chunk) - Leveraging digital technology, the Group strengthened dynamic inventory monitoring and early warning systems, continuously reducing operational risks and steadily improving operational efficiency and quality[8](index=8&type=chunk) [New Car Sales Business](index=4&type=section&id=%E6%96%B0%E8%BD%A6%E9%94%80%E5%94%AE%E4%B8%9A%E5%8A%A1) Facing declining fuel vehicle market share, the Group optimized operating strategies (structural optimization, efficiency improvement) and marketing methods (online lead generation, offline conversion, private domain retention) to navigate market challenges, achieving resilient new car sales amidst adversity - Operating strategies focused on "structural optimization and efficiency improvement," dynamically allocating inventory, increasing the投放 of high-margin pure electric and plug-in hybrid models in first-tier cities, and prioritizing cost-effective fuel vehicles and entry-level new energy products in lower-tier markets[9](index=9&type=chunk) - A regional inventory allocation platform was established, relying on a digital system to monitor store supply and demand in real-time and create a rapid cross-store transfer mechanism, leading to an improvement in inventory turnover efficiency year-on-year[9](index=9&type=chunk) - The price management system was upgraded, building a dynamic pricing model that covers competitor prices, inventory depth, and customer profiles, to match customized solutions for different customer segments[9](index=9&type=chunk) - Marketing strategies adhered to a "three-in-one" approach of "online lead generation, offline conversion, and private domain retention," enhancing sales through new media operations, cross-industry traffic import, offline integrated marketing activities, and enterprise WeChat communities[10](index=10&type=chunk) 2025 H1 New Car Sales Data | Metric | 2025 H1 | Y-o-Y Change | | :--- | :--- | :--- | | Total New Car Sales | 26,840 units | up approx. 0.8% | | Mid-to-High-End Car Sales | 23,747 units | up approx. 4.7% | [After-Sales Service Business](index=5&type=section&id=%E5%94%AE%E5%90%8E%E6%9C%8D%E5%8A%A1%E4%B8%9A%E5%8A%A1) The Group upheld a customer-centric philosophy, optimizing service experience, offering differentiated products and precise services, and expanding service scope through segmented customer operations, data-driven customer re-engagement, and accelerated digital service channel development to enhance efficiency and transparency - The after-sales business system was continuously improved, refining customer segmentation and operations, launching exclusive service packages for high-value customers, which steadily increased after-sales return visits[11](index=11&type=chunk) - Digital service channel construction was accelerated, integrating online and offline scenarios, allowing customers to book appointments with one click and view maintenance progress in real-time, thereby improving service efficiency and transparency[11](index=11&type=chunk) 2025 H1 After-Sales Service Data | Metric | Data | | :--- | :--- | | Cumulative Auto After-Sales Service Units | 504,250 units | | After-Sales Service Revenue | approx. RMB 1,486.9 million | [Automobile Derivative Business](index=6&type=section&id=%E6%B1%BD%E8%BD%A6%E8%A1%8D%E7%94%9F%E4%B8%9A%E5%8A%A1) The Group deepened its used car business layout, advancing center transformation, optimizing auction platform partnerships, piloting its own platform, and enhancing business capabilities through internal competitions; auto finance revenue significantly increased year-on-year, and insurance agency business expanded its integrated advantages through product optimization and renewal center pilots [Used Car Business](index=6&type=section&id=%E4%BA%8C%E6%89%8B%E8%BD%A6%E4%B8%9A%E5%8A%A1) The Group deepened its used car business layout by upgrading existing centers, preparing new stores, and optimizing auction platform partnerships to enhance turnover and profitability - The Group deepened its used car business layout, advancing the transformation and upgrading of four used car centers in Beijing, Shenzhen, Wuhan, and Guangzhou, and preparing new center stores, with coverage now reaching nearly **60%** of stores[12](index=12&type=chunk) - The auction platform cooperation system was optimized, introducing leading industry and high-quality auction platform enterprises, while also piloting its own auction platform to accelerate used car turnover efficiency and optimize per-vehicle gross profit levels[12](index=12&type=chunk) 2025 H1 Used Car Sales | Metric | Y-o-Y Growth | | :--- | :--- | | Used Car Sales | approx. 7.2% | [Auto Finance Business](index=6&type=section&id=%E6%B1%BD%E8%BD%A6%E9%87%91%E8%9E%8D%E4%B8%9A%E5%8A%A1) The Group expanded collaborations with financial institutions, exploring win-win solutions for retail auto mortgage loans, leading to a significant increase in mortgage loan support service revenue - The Group continued to engage in deep and extensive cooperation with various auto finance companies and banks, expanding collaboration areas and actively exploring win-win solutions for retail auto mortgage loans[13](index=13&type=chunk) 2025 H1 Auto Finance Business Revenue | Metric | Amount (RMB million) | Y-o-Y Growth | | :--- | :--- | :--- | | Mortgage Loan Support Service Revenue | 693.0 | approx. 112.8% | - The significant increase in revenue was primarily due to its income being reported as revenue from April 1, 2024, whereas mortgage loan support service income generated between January 1, 2024, and March 31, 2024, was included under "Service income" in "Other income"[13](index=13&type=chunk) [Insurance Agency Business](index=6&type=section&id=%E4%BF%9D%E9%99%A9%E4%BB%A3%E7%90%86%E4%B8%9A%E5%8A

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，概不對因本公告全部或任何 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。 China ZhengTong Auto Services Holdings Limited 中國正通汽車服務控股有限公司 （根據開曼群島法律註冊成立的有限公司） 茲提述(i)本公司與信達汽車（香港）有限公司（「要約人」）於2025年6月9日聯合刊發之 綜合要約及回應文件（「綜合文件」），內容有關（其中包括）要約；(ii)本公司與要約人 日期為2025年6月30日之聯合公告（「要約截止公告」），內容有關（其中包括）要約結 果及本公司股份暫停在聯交所買賣；及(iii)本公司日期為2025年8月1日之公告，內 容有關聯交所發出之復牌指引。 除另有界定者外，本公告所用詞彙與綜合文件所界定者具有相同涵義。 授出豁免 誠如要約截止公告所述，緊隨要約截止後，公眾人士（定義見上市規則）持有 930,834,208股股份，約佔本公司於要約截止公告日期之已發行股本總額9.29%。因 – 1 – 此，本公司並未符合上市規則 ...

Core Viewpoint - The strategic cooperation agreement signed between China Agricultural Development Bank and China Post Group aims to enhance collaboration in various sectors to support rural development and provide high-quality services for the agricultural sector [1] Group 1: Strategic Cooperation Areas - The agreement focuses on practical cooperation in credit support for agriculture, financial markets, logistics, and rural e-commerce [1] - A regular communication mechanism will be established to strengthen policy coordination and resource integration [1] Group 2: Objectives and Implementation - The partnership aims to implement a list of actionable items to ensure effective execution of the cooperation [1] - The collaboration is intended to contribute significantly to the development of the "three rural issues" (agriculture, rural areas, and farmers) [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8月31日 狀態: 新提交 FF301 第 1 頁 共 10 頁 v 1.1.1 致：香港交易及結算所有限公司 FF301 公司名稱: 中國正通汽車服務控股有限公司 呈交日期: 2025年9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) | 01728 | 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 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | H ...

Core Viewpoint - The company reported a revenue decline of approximately 10.0% to about RMB 8,891.0 million for the six months ending June 30, 2025, primarily due to a decrease in new car prices [1] Financial Performance - Revenue decreased by approximately 10.0% to about RMB 8,891.0 million [1] - Overall gross profit increased by approximately 67.9% to about RMB 297.5 million, with a gross margin increase of 1.5 percentage points to 3.3% [1] - The loss for the period was approximately RMB 887.5 million, compared to a loss of approximately RMB 634.8 million in the same period of 2024 [1] Factors Influencing Performance - The decline in revenue was mainly attributed to the decrease in new car prices [1] - The increase in gross profit was due to revenue from providing mortgage loan support services being recognized as income starting from April 1, 2024 [1] - The losses were primarily due to the decline in new car prices, impairment of goodwill and intangible assets, and impairment of property, plant, and equipment [1]