Core Insights - B.Duck and Guofu Quantum have signed a strategic cooperation framework agreement to drive the innovation and monetization of IP value in the digital asset management sector through an "IP + Finance" dual approach [1][2] Group 1: Strategic Cooperation - The collaboration focuses on two main areas: "financialization of IP assets" and "digital asset management" [1] - B.Duck will provide services such as screening and licensing of quality IP and art assets, cash flow structuring, brand marketing resources, and integration with global fan communities and membership systems [1] - Guofu Quantum, holding multiple licenses from the Hong Kong Securities and Futures Commission, will leverage its expertise in cross-border investment to offer services like RWA securitization product design, asset allocation, virtual asset trading, and digital asset management [1] Group 2: Business Model and Future Plans - B.Duck has established itself as a leading Chinese original IP brand, utilizing a business model driven by IP, AI, and a combination of retail, tourism, licensing, and gaming [2] - The company plans to expand its IP portfolio through mergers and incubation, aiming to establish 200 "B.Duck CityFuns" theme parks globally over the next three years [2] - The partnership with Guofu Quantum aligns with B.Duck's strategy to enhance digitalization and global market presence, complementing Guofu's focus on financial technology and the development of Hong Kong's digital economy and Web 3.0 ecosystem [2] Group 3: Market Trends and Impact - The collaboration is positioned to innovate financing models and activate existing assets, allowing global investors and fans to share in the growth of IP [2] - This partnership aims to create a closed-loop ecosystem of "IP value creation - digital asset management empowerment - global capital sharing," setting a new industry benchmark for the globalization and value enhancement of Chinese original IP [2]

Group 1 - The core viewpoint of the collaboration between B.Duck and Guofu Quantum is to drive the innovation and monetization of IP value in the digital asset management sector through a dual approach of "IP + Finance" [1][2] - The strategic cooperation framework agreement focuses on two main areas: "financialization of IP assets" and "digital asset management" [1] - B.Duck will provide services such as screening and licensing of quality IP and art assets, cash flow structuring, brand marketing resources, and integration with global fan communities and membership systems [1] Group 2 - B.Duck has established itself as a leading Chinese original IP going global, with a business model driven by four pillars: IP at the core, AI as the engine, and a combination of merchandise retail, immersive cultural tourism, character licensing, and game licensing [2] - The company plans to expand its family of IPs through mergers and incubation, aiming to establish 200 "B.Duck CityFuns" theme parks in global cities over the next three years [2] - The collaboration with Guofu Quantum is expected to innovate financing models, activate existing assets, and leverage digital asset platforms to share IP growth dividends with global investors and fans, creating a closed-loop ecosystem of "IP value creation - digital asset management empowerment - global capital sharing" [2]

Core Viewpoint - The placement and subscription agreement for Little Yellow Duck DeYing (02250) has become invalid as the placement could not be completed by the deadline of October 9, 2025, and will not proceed [1] Summary by Relevant Sections - **Placement and Subscription Agreement** - The placement and subscription agreement will not be executed due to the failure to meet the completion date [1] - If the conditions for the subscription are not met by October 13, 2025, or another agreed date, all rights, obligations, and responsibilities related to the subscription will cease [1] - **Impact on Company Operations** - The board believes that the invalidation of the placement and subscription will not have a significant adverse effect on the company's current operations and financial condition [1]

Core Viewpoint - The company, 小黄鸭德盈 (02250.HK), announced that the placement of 71 million new shares has become invalid due to the failure to complete the placement by the deadline of October 9, 2025 [1] Group 1 - The board of directors declared that the placement matter will not proceed as it did not complete by the specified date [1] - Consequently, the subscription matters under the placement and subscription agreement will also not take place [1]

董事会相信，配售事项及认购事项失效将不会对本公司目前的营运及财务状况产生重大不利影响。 智通财经APP讯，小黄鸭德盈(02250)发布公告，由于配售事项未能于配售完成日期2025年10月9日或之 前完成，配售事项已失效且将不会进行。因此，配售及认购协议项下的认购事项亦将不会进行。 根据配售及认购协议，倘认购事项的条件于2025年10月13日或之前(或本公司与卖方根据所有适用法 律、规则及规例(包括但不限于上市规则)书面协定的其他日期)并未达成，认购事项订约方于认购事项的 所有权利、义务及责任将停止及终止，且配售代理、本公司及卖方不得就认购事项向另一方提出任何索 偿，惟于有关终止前已产生的权利及补偿除外。 ...

B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2250） 配售現有股份及根據一般授權先舊後新認購新股份失效 茲提述小黃鴨德盈控股國際有限公司（「本公司」）日期為2025年9月30日的公告 （「該公告」），內容有關（其中包括）配售事項及認購事項。除另有訂明外，本公告 所用詞彙與該公告所界定者具有相同涵義。 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 該等內容而引致之任何損失承擔任何責任。 1 股東及潛在投資者於買賣本公司股份時務請審慎行事。 代表董事會 小黃鴨德盈控股國際有限公司 董事會宣佈，由於配售事項未能於配售完成日期2025年10月9日或之前完成，配 售事項已失效且將不會進行。因此，配售及認購協議項下的認購事項亦將不會進 行。 根據配售及認購協議，倘認購事項的條件於2025年10月13日或之前（或本公司與 賣方根據所有適用法律、規則及規例（包括但不限於上市規則）書面協定的 ...

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: 小黃鴨德盈控股國際有限公司 呈交日期: 2025年10月2日 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 02250 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 980,993,000 | | 0 | | 980,993,000 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 980,993,000 | | 0 | | 980,993,0 ...

Core Viewpoint - 小黄鸭德盈控股 announced a financing plan through the placement of existing shares and subscription for new shares, aiming to raise approximately HKD 80.23 million [1] Group 1: Financing Details - The company plans to place 71,000,000 shares at a price of HKD 1.13, which represents an approximate discount of 11.0% compared to the previous trading day's closing price of HKD 1.27 [1] - The total funds raised from both the placement and subscription will amount to approximately HKD 80.23 million, with net proceeds expected to be around HKD 80 million after expenses [1] - The shares being placed represent about 7.2% of the existing issued share capital and will account for approximately 6.8% of the enlarged share capital post-financing [1] Group 2: Use of Proceeds - Approximately HKD 48.14 million will be allocated for the development of amusement equipment and the expansion of self-operated urban entertainment projects [1] - Around HKD 24.07 million is designated for the development of retail store networks and related product manufacturing [1] - Approximately HKD 8.02 million will be used for general working capital [1] Group 3: Company Overview - 小黄鸭德盈控股 is an investment holding company primarily engaged in providing licensing services, design consulting services, and trading of licensed brand products in Hong Kong and mainland China [1]

假设配售股份获悉数配售，则配售股份占公告日期之全部已发行股份约7.24%，及紧随认购事项完成後 经配发及发行认购股份扩大之全部已发行股份约6.75%(假设自公告日期起至认购事项完成止，除配发及 发行认购股份外，已发行股份总数不会出现任何变动)。 配售价为每股1.13港元，较(i)股份于最后交易日在联交所所报收市价每股1.27港元折让约11.02%。 格隆汇9月30日丨小黄鸭德盈(02250.HK)宣布，2025年9月30日，卖方(德盈环球投资，为公司控股股 东)、公司与配售代理订立配售及认购协议，据此，(i)卖方已同意委任配售代理，而配售代理已同意作 为卖方之代理，按尽力基准促使不少于六名承配人按每股股份1.13港元的配售价购买配售股份(即7100 万股股份)；及(ii)卖方已同意认购，而公司已同意向卖方发行认购股份(即7100万股股份，相当于配售股 份数目)，认购价为每股股份1.13港元(相当于配售价)。 认购事项的所得款项总额预计为约8023万港元。所得款项净额预计为约7943万港元。拟将所得款项净额 用于以下用途：(i)约60%用于发展购买游乐设施设备，以开拓自营城市娱乐项目；(ii)约30%用于发展零 ...

Core Viewpoint - The company, 小黄鸭德盈 (02250), has announced a share placement and subscription agreement to raise approximately HKD 79.43 million through the sale of 71 million shares at HKD 1.13 per share, which represents an 11.02% discount to the last trading price of HKD 1.27 [1] Group 1: Financial Details - The share placement involves selling 71 million shares at a price of HKD 1.13 each [1] - The net proceeds from the subscription are estimated to be around HKD 79.43 million [1] - The subscription price reflects an approximate 11.02% discount compared to the last trading price [1] Group 2: Use of Proceeds - Approximately 60% of the net proceeds will be allocated for the development and purchase of amusement equipment to expand self-operated urban entertainment projects [1] - About 30% of the funds will be used to develop a retail store network and related product manufacturing [1] - The remaining 10% will be allocated for general working capital [1]