Core Viewpoint - The acquisition of non-performing asset portfolios by Huaxing Capital Holdings is expected to provide significant investment returns as the market continues to recover, with confidence in the collection of a substantial portion of the debts over time [1][2]. Group 1: Acquisition Details - Huaxing Capital Holdings plans to acquire two non-performing asset portfolios from Fuzhou Qifu Financing Guarantee Co., Ltd. and Fuzhou Qifu Microloan Co., Ltd. for approximately RMB 277.1 million and RMB 31.2 million, respectively [1]. - The first portfolio (Portfolio I) has an outstanding principal balance of approximately RMB 6.677 billion as of December 1, 2025, with an average overdue period of 854 days, and 20% of the debts overdue for one to two years [1]. - The second portfolio (Portfolio II) has an outstanding principal balance of approximately RMB 752 million as of December 1, 2025, with an average overdue period of 439 days, and 38% of the debts overdue for one to two years [1]. Group 2: Strategic Implications - The acquisition is expected to expand the company's self-operated investment scope and enhance investment returns, creating value for shareholders as the recovery value may exceed the purchase price over time [2]. - The company anticipates that the inclusion of credit-related assets will diversify its revenue sources, with expectations of ongoing income and increased cash flow from the recovered amounts in the future [2].

Core Viewpoint - The acquisition of non-performing asset portfolios by Huaxing Capital Holdings is expected to provide significant investment returns as the market continues to recover, with confidence in the recovery of a substantial portion of the debts over time [1][2]. Group 1: Acquisition Details - Huaxing Capital Holdings plans to acquire two non-performing asset portfolios from Fuzhou Qifu Financing Guarantee Co., Ltd. and Fuzhou Qifu Microloan Co., Ltd. for approximately RMB 277.1 million and RMB 31.2 million, respectively [1]. - The first portfolio (Non-performing Asset Portfolio I) has an outstanding principal balance of approximately RMB 6.677 billion, with an average overdue period of 854 days, and 20% of the debts overdue for one to two years [1]. - The second portfolio (Non-performing Asset Portfolio II) has an outstanding principal balance of approximately RMB 752 million, with an average overdue period of 439 days, and 38% of the debts overdue for one to two years [1]. Group 2: Strategic Implications - The acquisition is expected to expand the company's self-operated investment scope and enhance investment returns, creating value for shareholders as the recovery value may exceed the purchase price over time [2]. - The company anticipates that the asset portfolios will diversify its income sources through increased credit-related assets, leading to sustained revenue and improved cash flow from future recoveries [2].

（於開曼群島註冊成立的有限公司） （股份代號：1911） 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。 CHINA RENAISSANCE HOLDINGS LIMITED 華興資本控股有限公司 有關收購不良資產包的須予披露交易 收購事項 於2025年12月31日（交易時段後），買方（由本集團全資擁有）分別與(i)賣方 I 簽訂轉讓協 議 I，內容有關收購不良資產組合 I，對價為約人民幣2.771億元；及(ii)賣方 II 簽訂轉讓 協議 II，內容有關收購不良資產組合 II，對價為約人民幣3.12千萬元。 上市規則涵義 由於根據上市規則第14.07條計算，收購事項的一項或多項適用百分比率（經合併計算後） 超過5%但所有適用百分比率均低於25%，故根據上市規則，收購事項構成本公司一項 須予披露的交易，須遵守公告規定，惟獲豁免遵守股東批准規定。 收購事項 於2025年12月31日（交易時段後），買方（由本集團全資擁有）分別與(i)賣方 I 簽訂轉讓協 ...

Core Insights - The event "Technology Empowerment · Capital Breakthrough" hosted by Gelonghui revealed the annual list of outstanding companies, highlighting the recognition of Huarong Capital Holdings (1911.HK) as the "Annual Transformation Pioneer" [1] Group 1 - The "Annual Transformation Pioneer Award" focuses on a company's adaptability to dynamic environmental changes and its ability to achieve long-term sustainable and high-quality development [1] - The award recognizes companies that create value through transformation, maintain innovative vitality, and positively impact industrial upgrades [1] - This accolade reflects the acknowledgment of companies with excellent financial performance, innovation capabilities, resilience, and a balance between social and economic benefits [1]

Core Viewpoint - The "Annual Brand Value Award" was awarded to Huaxing Capital Holdings (1911.HK) during the "Technology Empowerment · Capital Breakthrough" online sharing session hosted by Gelonghui, recognizing the company for its high brand value in the capital market [1] Group 1 - The "Annual Brand Value Award" aims to honor companies with the highest brand value in the capital market, emphasizing the importance of brand as a core element for survival and development [1] - The award evaluates brand value from multiple perspectives, including brand differentiation, recognition, and customer loyalty [1] - Selected companies have demonstrated exceptional branding and have made innovative practices in enhancing their brand value [1]

Group 1 - The "Annual Transformation Pioneer Award" recognizes companies that demonstrate adaptability to dynamic environmental changes and achieve long-term sustainable, high-quality development [1] - The award highlights companies that create value through transformation, maintain innovation vitality, and positively impact industrial upgrades, reflecting excellence in financial performance, innovation, resilience, and a balance of social and economic benefits [1] - Six companies were awarded the "Annual Transformation Pioneer Award": CANG.US, 01911.HK, AXG.US, 09878.HK, 01783.HK, and 09955.HK, listed in alphabetical order [1] Group 2 - The "Golden Award" aims to create a reference value ranking of listed companies and unicorns in the investment community, covering all listed companies on major exchanges including HKEX, SSE, SZSE, NYSE, and NASDAQ [2]

Core Insights - The "Golden Award" annual outstanding company selection by Gelonghui will announce its results on December 22, highlighting companies with significant brand value in the capital market [1][2] - The "Annual Brand Value Award (Small and Medium Market Capitalization)" recognizes companies that have achieved the highest brand value, emphasizing the importance of brand differentiation, awareness, and customer loyalty [1] Group 1: Award Recipients - Ten companies have been awarded the "Annual Brand Value Award (Small and Medium Market Capitalization)", including Crazy Sports (00082.HK), H&H International Holdings (01112.HK), Huaxing Capital Holdings (01911.HK), and others [1] - The award selection process involved quantitative data analysis and expert review to determine the final results [1] Group 2: Evaluation Criteria - The award evaluates brand value from multiple perspectives, including brand differentiation, recognition, and customer loyalty [1] - The aim of the selection is to create a reference for the most valuable listed companies and unicorns in the investment community [2]

Group 1 - The "Annual Transformation Pioneer Award" recognizes companies that demonstrate adaptability to dynamic environmental changes and the ability to achieve long-term sustainable and high-quality development [1] - The award highlights companies that create value through transformation, maintain innovation vitality, and positively impact industrial upgrades, while balancing social and economic benefits [1] - Six companies were awarded the "Annual Transformation Pioneer Award": CANG.US, 01911.HK, AXG.US, 09878.HK, 01783.HK, and 09955.HK, listed in alphabetical order [1] Group 2 - The "Golden Grid Award" aims to create a reference value ranking for listed companies and unicorns in the investment community, covering all listed companies on major exchanges including HKEX, SSE, SZSE, NYSE, and NASDAQ [2]

Group 1 - The "Annual Brand Value Award (Small and Medium Market Capitalization)" recognizes companies with the highest brand value in the capital market, emphasizing the importance of brand differentiation, awareness, and customer loyalty [1][2] - The award selection process involved quantitative data analysis and expert review, highlighting the innovative practices of the selected companies in enhancing their brand value [1] - The event featured the announcement of the "2025 Annual Outstanding Company List," which included ten companies awarded for their brand value [1] Group 2 - The "Golden Grid Award" aims to create a reference list of the most valuable listed companies and unicorns in the investment community, covering all listed companies on major exchanges including the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, and NASDAQ [2]

Group 1 - Bitcoin has fallen below $86,000, leading to a collective decline in cryptocurrency-related stocks in the Hong Kong market [1] - The stock of Boyaa Interactive dropped over 5%, while Okcoin Chain, Huaxing Capital Holdings, and New Fire Technology Holdings fell over 4% [1] - Jinyong Investment experienced a decline of over 3% [1] Group 2 - Boyaa Interactive's latest price is $3.370, with a market capitalization of 2.592 billion and a year-to-date decline of 21.14% [2] - Okcoin Chain's latest price is $0.178, with a market capitalization of 0.956 billion and a year-to-date increase of 7.23% [2] - Huaxing Capital Holdings' latest price is $4.370, with a market capitalization of 2.506 billion and a year-to-date increase of 52.80% [2] - New Fire Technology Holdings' latest price is $2.850, with a market capitalization of 2.144 billion and a year-to-date increase of 50.79% [2] - Jinyong Investment's latest price is $3.000, with a market capitalization of 0.770 billion and a year-to-date increase of 5.26% [2] - OSL Group's latest price is $17.490, with a market capitalization of 13.897 billion and a year-to-date increase of 118.63% [2] - Liufeng Financial's latest price is $3.140, with a market capitalization of 12.746 billion and a year-to-date increase of 201.92% [2] - Guofu Quantum's latest price is $2.470, with a market capitalization of 22.477 billion and a year-to-date increase of 212.66% [2] - Xiongan Technology's latest price is $0.077, with a market capitalization of 9.201 million and a year-to-date increase of 4.05% [2] - Guotai Junan International's latest price is $2.540, with a market capitalization of 24.206 billion and a year-to-date increase of 141.90% [2] - Huajian Medical's latest price is $3.980, with a market capitalization of 6.388 billion and a year-to-date increase of 121.11% [2] Group 3 - Bitcoin is currently priced at $85,786, down 3.93%, while Ethereum is priced at $2,939, down 5.5% [2]