Group 1 - The company, Feiyang Group, plans to issue 166.4 million new shares at a subscription price of HKD 0.201 per share, representing a discount of approximately 19.6% from the market price [1] - The expected net proceeds from this placement are approximately HKD 33 million, which will be used for the development and operation of emerging technology projects, including RWA, digital asset trading, blockchain, and artificial intelligence [1] - The funds will also be allocated for general working capital [1]

Core Viewpoint - Feiyang Group (01901) plans to issue a total of 166.4 million new shares at a subscription price of approximately HKD 0.201 per share, representing a discount of about 19.6% compared to the closing price of HKD 0.250 on the date of the subscription agreement [1] Summary by Category - **Share Issuance Details** - The company has entered into subscription agreements with various subscribers to issue a total of 166.4 million new shares [1] - The subscription price is set at approximately HKD 0.201 per share, which is a discount of about 19.6% from the market price on the agreement date [1] - **Use of Proceeds** - The net proceeds from the subscription are approximately HKD 33 million [1] - The funds will be used for the development and operation of projects related to Real World Assets (RWA), digital asset trading, blockchain, artificial intelligence, and other emerging technology industries [1] - Additionally, the proceeds will support general operational funding [1]

Group 1 - The company, Feiyang Group (01901.HK), announced a subscription agreement with investors to issue a total of 166.4 million new shares at a subscription price of approximately HKD 0.201 per share [1] - The subscription price represents a discount of about 19.6% compared to the closing price of HKD 0.250 per share on the date of the agreement [1] - The total gross proceeds from the subscription are approximately HKD 33.4 million, with net proceeds expected to be around HKD 33 million [1] Group 2 - The net issue price is approximately HKD 0.198 per share [1] - The net proceeds from the subscription are intended to be used for the development and operation of emerging technology projects related to RWA (Real World Assets), digital asset trading, blockchain, and artificial intelligence, as well as for general working capital [1]

Group 1 - The company, Feiyang Group (01901), announced a subscription agreement to issue a total of 166.4 million new shares at a subscription price of approximately HKD 0.201 per share, representing a discount of about 19.6% compared to the closing price of HKD 0.250 on the date of the agreement [1] - The net proceeds from the subscription are expected to be approximately HKD 33 million, which will be used for the development and operation of emerging technology projects related to RWA (Real World Assets), digital asset trading, blockchain, and artificial intelligence, as well as for general working capital [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，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1901） 根據一般授權 認購新股份 認購新股份 – 1 – 緒言 董 事會 宣佈 ， 於2025 年 7 月 29 日交 易 時段 後， 本公 司 分別 與各 認 購人 訂立 認 購協 議 ， 據 此 ， 認 購 人 已 有 條 件 同 意 認 購 而 本 公 司 已 有 條 件 同 意 配 發 並 發 行 合 共 166,400,000股新股份，認購價為每股認購股份約0.201港元。 認購協議之主要條款載列如下： 認購協議 日期 2025年7月29日（ 交易時段後 ） 於 2025 年 7 月 29 日 交 易 時 段 後 ， 本 公 司 分 別 與 ...

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 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1901） 授出購股權 | 購股權的行使期 | ： | 受購股權計劃之條款所規限，購股權自授出日期起有 | 效期限為五年，並可於購股權歸屬的前提下於該期限 | | --- | --- | --- | --- | | 內行使。 | | | | 購股權的歸屬期 ： 購股權將於承授人達成表現目標（「表現目標」）之日歸 屬，由董事會評估及確認。 表現目標 ： 承授人須達到本公司參考本集團目前狀況所設定的表 現 目 標 。 董 事 會 將 釐 定 承 授 人 是 否 達 到 個 人 表 現 目 標。 本集團對僱員實施表現評審機制，以評估其表現及對 本集團的貢獻。每季 ...

Summary of Key Points Core Viewpoint - As of July 14, a total of 138 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including Green Heart Group Holdings, OK Blockchain, and Pearl River Steel Pipe [1]. Group 1: Top Performers - Green Heart Group Holdings (02999) achieved a closing price of 0.013 with a peak of 0.017, marking a 70.00% increase [1]. - OK Blockchain (01499) closed at 0.680, reaching a high of 0.690, reflecting a 48.39% rise [1]. - Pearl River Steel Pipe (01938) had a closing price of 0.335 and a peak of 0.340, resulting in a 33.33% increase [1]. Group 2: Other Notable Stocks - Weishi Jiajie (00856) saw a 32.01% increase, closing at 8.870 with a high of 11.300 [1]. - Cloud Intelligence (09678) reached a high of 520.000, closing at 510.000, which is a 20.99% increase [1]. - China Chengtong Development Group (00217) closed at 0.165 with a peak of 0.166, marking a 14.48% rise [1]. Group 3: Additional Stocks with Significant Increases - Sihuan Pharmaceutical (00460) closed at 1.380, reaching a high of 1.430, which is a 14.40% increase [1]. - Taited Pharmaceutical (03880) had a closing price of 36.950 and a peak of 37.400, reflecting a 13.85% rise [1]. - Beihai Kangcheng-B (01228) closed at 0.850 with a high of 0.960, resulting in a 12.94% increase [1].

Summary of Key Points Core Viewpoint - As of July 11, a total of 167 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the stock price increases [1]. Group 1: Top Performing Stocks - The top three stocks with the highest increase rates are: - Mistrategy Equity (02902) with a high rate of 67.86% and a closing price of 1.600 [1] - Kexuan Power Holdings (00476) with a high rate of 58.73% and a closing price of 1.000 [1] - Xingzheng International (06058) with a high rate of 36.00% and a closing price of 0.590 [1] Group 2: Notable Stock Performance - Other notable stocks include: - China National Cultural Industry (00745) with a high rate of 34.62% [1] - Aluminum Corporation of China International (02068) with a high rate of 28.21% [1] - Shandong Xinhua Pharmaceutical (00719) with a high rate of 13.20% [1] Group 3: Additional Stocks with Significant Increases - Additional stocks with significant increases include: - Yuyuan Agriculture (09858) with a high rate of 12.62% [1] - WuXi AppTec (02359) with a high rate of 11.70% [1] - Kailai Ying (06821) with a high rate of 10.90% [1] Group 4: 52-Week Low Rankings - The 52-week low rankings show: - XI II Nan CO (07311) with a low rate of -12.60% [5] - XI II Nan Strategy (07399) with a low rate of -11.18% [5] - Ying Tai Medical (01501) with a low rate of -10.67% [5]

Core Insights - In the first half of 2025, 55 listed companies in the cultural tourism sector were analyzed, with 31 experiencing an increase in market value and 24 seeing a decline [3][18] - The highest market value increases were recorded by Wanda Hotel Development at 173.65%, Feiyang Group at 140.7%, and Jinma Amusement at 92.68% [3][4] - Conversely, the largest declines were seen in Lujing Technology at -48.03%, Lingnan Holdings at -43.34%, and Yingxin Development at -26.03% [6][7] Market Value Changes - As of June 30, 2025, the total market value of Wanda Hotel Development was 2.699 billion, while Feiyang Group and Jinma Amusement had market values of 0.126 billion and 4.521 billion respectively [4][7] - Ctrip led the market with a total value of 274.37 billion, followed by China Duty Free at 124.57 billion and Huazhu at 74.53 billion [8][9] - The overall market value of the remaining 52 companies was 390 billion, indicating a significant concentration of value among the top three companies [8] Sector Performance - The cultural tourism sector showed a mixed performance, with scenic area companies generally performing well, such as Haichang Ocean Park with a 39.1% increase and Zhangjiajie with a 28.55% increase [12][13] - Hotel companies also showed varied results, with Huazhu leading at 745.31 billion, while Atour saw a 20.41% increase [14][15] - Online travel companies experienced declines, with Ctrip and Tuniu dropping by 14.94% and 17.79% respectively, while Tongcheng saw a modest increase of 6.08% [16][17] Company-Specific Developments - Wanda Hotel Development's significant increase in market value was attributed to the sale of its subsidiary Wanda Hotel Management for 2.5 billion, which is expected to improve its financial structure [6][7] - Lujing Technology's decline was linked to negative media coverage regarding its management capabilities in scenic area operations [7][8] - The overall performance of cultural tourism companies reflects ongoing operational pressures, with some companies like Fosun Tourism Culture delisting from the Hong Kong stock market [18][19]

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 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1901） 於2025年6月30日舉行的 股東特別大會的投票結果 附註： – 1 – (a) 由於上述決議案獲得所有票數投票贊成，因此該決議案已獲正式通過為普通決議案。 (b) 於股東特別大會當日已發行股份總數為832,000,000股。 (c) 賦予持有人權利出席股東特別大會並可於會上就決議案投票的股份總數為832,000,000股。 (d) 概無任何股份賦予持有人權利出席股東特別大會但根據上市規則第13.40條所載須放棄投票贊 成決議案。 (e) 概無股東須根據上市規則規定於股東特別大會上就決議案放棄投票。 何斌鋒先生、熊笛先生、吳濱先生及陳惠玲女士親 ...