茲提述(i)本公司日期為二零二五年一月二十八日的公告（「第一份公告」）；(ii) 本公司日期為二零二五年三月十三日的第一份補充公告；(iii)本公司日期為二零 二五年五月十六日的第二份補充公告（「第二份補充公告」）；及(iv)本公司日 期為二零二五年九月十九日的第三份補充公告（「第三份補充公告」）。除另有 界定者外，本公告所用詞彙與第一份公告、第二份補充公告及第三份補充公告所 界定者具有相同涵義。 除出售剩餘的美國上市證券外，本公司已停止進一步購買或出售美國上市證券。 有關出售剩餘的美國上市證券，繼於第三份補充公告中披露的補救措施外，本公 司建議採取以下額外措施，以確保證券交易的及時披露： 1. 在擬進行證券交易前至少兩個工作天，投資總監將通知公司秘書團隊和財務 團隊有關擬進行交易的詳情，包括擬出售股份數量和預期最高買賣價，本公 司將準備相關的須予披露公告（倘根據預期最高買賣價計算，擬進行之證券 交易構成上市規則第十四章項下的須予披露交易）。如果任何出售（無論單 獨進行或合併計算）構成上市規則第十四章規定的主要交易或以上的交易， 本公司將在進行相關交易前，首先遵守上市規則規定的適用報告、公告和股 東批准要求。 ...

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) | 01808 | 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 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 | | | 致：香港交易及結算所有限公司 公司名稱: 企 ...

Core Viewpoint - COSL's earnings increased by 16% QoQ to RMB1.25 billion in 3Q25, driven by margin improvement and a lower effective tax rate [1]. Financial Performance - COSL's turnover decreased by 8% QoQ in 3Q25, but gross profit rose by 3% QoQ, with gross margin improving from 17.3% in 2Q25 to 19.4% in 3Q25 due to a change in revenue mix [1]. - The effective tax rate fell from 21.0% in 2Q25 to 17.7% in 3Q25, and there was no asset impairment in 3Q25 compared to RMB86 million in 2Q25 [1]. - The company's net profit grew 16% QoQ to RMB1.25 billion [1]. Operational Insights - The operating days of COSL's rigs decreased by 3% QoQ in 3Q25 due to scheduled maintenance, but increased by 16% YoY, as operations in offshore China were significantly impacted by typhoons in 3Q24 [2]. - Revenue from the well services segment declined slightly in 9M25 due to weak industry demand [2]. Future Outlook - Expectations for 4Q25 indicate a potential 17% QoQ drop in earnings, attributed to higher expenses anticipated from project completions [3]. - The decline in effective tax rate is a significant factor in the increased earnings forecasts for 2025-27, with the effective tax rate at 18.7% in 9M25 compared to 27.7% in 9M24 [4]. Valuation Adjustments - The target price for COSL's H shares has been raised from HK$9.05 to HK$9.70, reflecting an increase in target valuation from 0.85x to 0.9x 2025E P/B due to improved ROE [5]. - The target price for A shares has also been increased from RMB18.61 to RMB19.21, based on the narrowing A-H premium from 124% to 117% since late August [5].

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：香港交易及結算所有限公司 | | | | | 公司名稱: | 企展控股有限公司 | | | | 呈交日期: | 2025年10月8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) | 01808 | 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 ...

Summary of Key Points Core Viewpoint - Qizhan Holdings (01808) has executed significant sales of its holdings in Tesla and Palantir Technologies, indicating a strategic move to liquidate portions of its investment portfolio while maintaining a residual stake in both companies [1]. Group 1: Tesla Sales - The company’s wholly-owned subsidiary, Qizhan Hong Kong, sold 14,000 shares of Tesla between September 11, 2025, and October 1, 2025, at prices ranging from $362.33 to $450.88 per share, excluding transaction costs [1]. - The average selling price for the Tesla shares was approximately $416.44, resulting in a total sale amount of $5.8302 million [1]. - After the sale, the group retains 20,000 shares of Tesla [1]. Group 2: Palantir Sales - During the same period, Qizhan Hong Kong sold 38,000 shares of Palantir Technologies at prices between $166.10 and $185.35 per share, excluding transaction costs [1]. - The average selling price for the Palantir shares was about $180.53, leading to a total sale amount of $6.8602 million [1]. - Following this transaction, the group holds 20,000 shares of Palantir [1].

Core Viewpoint - The company, Qizhan Holdings, has sold shares of Tesla and Palantir Technologies, generating significant revenue from these transactions while retaining a portion of their holdings in both companies [1]. Group 1: Tesla Share Sale - Qizhan Holdings' wholly-owned subsidiary, Qizhan Hong Kong, sold 14,000 shares of Tesla between September 11, 2025, and October 1, 2025, at prices ranging from $362.33 to $450.88 per share [1]. - The average selling price for Tesla shares was approximately $416.44, resulting in a total sale amount of $5.8302 million [1]. - After the sale, the group retains 20,000 shares of Tesla [1]. Group 2: Palantir Share Sale - During the same period, Qizhan Hong Kong sold 38,000 shares of Palantir Technologies at prices between $166.10 and $185.35 per share [1]. - The average selling price for Palantir shares was about $180.53, leading to a total sale amount of $6.8602 million [1]. - Following the sale, the group holds 20,000 shares of Palantir [1].

Group 1 - The company announced the sale of 14,000 shares of Tesla between September 11, 2025, and October 1, 2025, at prices ranging from $362.33 to $450.88 per share, excluding transaction costs [1] - The average selling price per share of Tesla was approximately $416.44, resulting in a total sale amount of $5.83 million [1] - After the completion of the Tesla sale, the group retains 20,000 shares of Tesla [1]

ENTERPRISE DEVELOPMENT HOLDINGS LIMITED 企展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號: 1808） 有關 出售上市證券的 須予披露交易 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。 出售Tesla銷售股份 茲提述本公司日期為二零二五年一月二十八日的公告，內容有關於二零二四年一 月一日至二零二五年一月二十七日期間出售Tesla股份，根據上市規則第十四章， 該等出售按合併基準計算，構成本公司一項非常重大出售事項。 董事會宣佈，於二零二五年九月十一日至二零二五年十月一日期間，本公司之全 資附屬公司企展香港於市場上出售了14,000股Tesla銷售股份，價格介乎362.33 美元至450.88美元之間（不包括交易成本）。每股Tesla銷售股份的平均價約為 416.44美元，而總出售價為5,830,216美元（相當於約45,375,000港元）。 於完成Tesla出售事項後，本集團持有20,000股T ...

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。 ENTERPRISE DEVELOPMENT HOLDINGS LIMITED 企展控股有限公司 （於開曼群島註冊成立之有限公司） （股份編號: 1808） 進一步延遲寄發股東通函有關 ( 1 )購買及出售證券事項之主要交易及非常重大出售事項； ( 2 )潛在非常重大出售事項－出售上市證券事項之授權；及 ( 3 )糾正違反上市規則事宜 茲提述企展控股有限公司（「本公司」）日期為二零二五年一月二十八日、二零 二五年三月十三日、二零二五年三月三十一日、二零二五年四月三十日、二零二 五年五月三十日及二零二五年七月三十一日有關（其中包括）(i)購買事項（有關 Tesla股份）；(ii)出售事項（有關Tesla、波音、Meta、NVDA及ProShares UltraPro 股份）; (iii)出售授權及潛在出售事項；及(iv)延遲寄發該通函的公告（「該等公 告」）。除文義另有所指外，本公告所用詞彙與該等公告所界 ...

ENTERPRISE DEVELOPMENT HOLDINGS LIMITED 企展控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：1808) NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 30 September 2025 The following document(s) of Enterprise Development Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.1808.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collecti ...