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佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 HAICHANG OCEAN PARK HOLDINGS LTD. 海昌海洋公園控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2255） 委任首席財務官及高級管理人員 海昌海洋公園控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會 （「董事會」）欣然宣佈以下委任： 詹新偉先生 自2025年10月24日起，詹新偉先生（「詹先生」）已獲委任為本公司首席財務官 （「首席財務官」）兼副總裁，負責主持總裁辦公室工作，並協助首席執行官處理本 公司管理及營運事宜。詹先生自2025年10月17日起擔任本公司執行董事。有關詹 先生的履歷詳情，請參閱本公司於2025年10月17日刊發之公佈（「該公佈」）。 除上文所披露者外，詹先生與本公司任何其他董事、高級管理層或主要股東或控 股股東並無任何關係，亦無在本公司或其任何附屬公司擔任任何其他職務，且於 過去三年內，並無於證券在香港或海外任何證券市場上市 ...

Group 1 - The core point of the article highlights that on October 21, shareholders of Ocean Park Corporation (02255) deposited stocks into Huatai Hong Kong, with a market value of HKD 42.33 billion, representing 38.60% of the total [1] - On October 17, Ocean Park Corporation announced the issuance of 5.1 billion shares on October 17, 2025, according to a subscription agreement established on June 2, 2025 [1]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Increased Holdings - Shandong Molong (00568) saw the largest increase in ownership percentage, rising by 5.60% to a total holding of 60.72% [2]. - Hang Seng China Enterprises (02828) and InnoCare Pharma-B (09606) also experienced increases of 2.74% and 2.24%, respectively, with holdings of 3.48% and 16.81% [2]. - Over the last five trading days, InnoCare Pharma-B (09606) had the highest increase at 8.96%, followed by Kinglong United Automotive Industry (06680) at 5.81% and Shandong Molong (00568) at 5.37% [1][3]. Group 2: Decreased Holdings - Goldwind Technology (02208) experienced the largest decrease in ownership percentage, dropping by 1.90% to 47.73% [2]. - Other companies with significant decreases include Yangtze Optical Fibre and Cable (06869) and Shanghai Electric (02727), which saw reductions of 1.74% and 1.15%, respectively [2]. - In the last five trading days, Haichang Ocean Park (02255) had the most significant decrease at -5.61%, followed by Yangtze Optical Fibre and Cable (06869) at -5.34% and Goldwind Technology (02208) at -4.01% [1][3]. Group 3: Long-term Trends - Over a 20-day period, Canggang Railway (02169) had the highest increase in ownership percentage at 31.52%, followed by Dazhong Public Utilities (01635) at 30.15% [4]. - Conversely, Haichang Ocean Park (02255) saw a notable decrease of 7.96% in ownership over the same period [4].

Core Insights - Xiangyuan Holdings Group has completed the acquisition of Haichang Ocean Park for HKD 22.84 billion (approximately RMB 20.97 billion), making it the controlling shareholder with a 38.6% stake [1][3] - The management team of Haichang Ocean Park has undergone significant changes, with the founder Qu Naijie resigning from key positions and new executives from Xiangyuan taking over [1][2] Financial Details - Xiangyuan Holdings subscribed to 5.1 billion new shares at HKD 0.45 per share, totaling HKD 22.95 billion, which represents 62.85% of Haichang's existing share capital and 38.6% post-issuance [3] - The funds will be allocated as follows: HKD 4.568 billion for daily operations, HKD 9.136 billion for core business development, and HKD 9.136 billion for debt repayment [3] Debt Situation - Haichang Ocean Park's current liabilities were approximately RMB 29.53 billion by the end of last year, increasing to nearly RMB 31.93 billion by mid-year [4][5] - The company's debt issues stem from aggressive expansion since its IPO in 2014, leading to significant financial strain exacerbated by the COVID-19 pandemic [6][7] Historical Context - The company has faced continuous losses, with cumulative losses reaching RMB 23.33 billion over three years, including a loss of RMB 7.4 billion projected for 2024 [7] - Haichang's financial troubles prompted the sale of several parks to alleviate immediate cash flow issues, but this was only a temporary fix [7] Market Position and Future Outlook - The acquisition signifies a new era for Haichang Ocean Park, with Xiangyuan aiming to integrate its operations into a broader tourism strategy [10] - Analysts suggest that the success of this acquisition will depend on the operational integration of both companies and the ability to navigate the competitive landscape of the theme park industry [10]

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies [1][2][3]. Summary by Category Increase in Holdings - The companies with the largest increases in Hong Kong Stock Connect holdings include: - Envision Biotech-B (09606) with an increase of 2.57%, bringing the total holding to 14.57% [2]. - Chongqing Steel (01053) with an increase of 1.07%, resulting in a holding of 28.31% [2]. - Yingfu Fund (02800) with an increase of 0.89%, now at 1.82% [2]. - Over the last five trading days, the top gainers were: - Envision Biotech-B (09606) with a 6.82% increase [3]. - JinkoSolar (06680) with a 6.56% increase [3]. - Huaxin Cement (06655) with a 3.34% increase [3]. Decrease in Holdings - The companies with the largest decreases in Hong Kong Stock Connect holdings include: - Ocean Park (02255) with a decrease of 6.13%, now holding 9.89% [2]. - Da Zhong Public Utilities (01635) with a decrease of 1.00%, now at 65.40% [2]. - China Duty Free Group (01880) with a decrease of 0.82%, now at 39.15% [2]. - Over the last five trading days, the top losers were: - Ocean Park (02255) with a 5.49% decrease [3]. - Changfei Optical Fiber (06869) with a 5.13% decrease [3]. - Jiangxi Copper (00358) with a 2.40% decrease [3]. Long-term Trends - Over the last 20 days, the companies with the largest increases in holdings included: - Canggang Railway (02169) with a 31.37% increase, now at 43.06% [4]. - Da Zhong Public Utilities (01635) with a 30.70% increase, now at 65.40% [4]. - The companies with the largest decreases over the same period included: - Ocean Park (02255) with a 7.66% decrease, now at 9.89% [4]. - Longpan Technology (02465) with a 5.43% decrease, now at 46.16% [4].

Core Points - The company announced that Xiangyuan Holdings has officially completed the subscription of shares, becoming the controlling shareholder with a 38.6% stake [1] - The net proceeds from the subscription are approximately HKD 22.84 billion [1] - Following the completion of the transaction, Mr. Qu Najie has resigned as Executive Director, CEO, and Chairman of the Board, and will transition to a non-executive director role starting October 17, 2025 [1]

Core Viewpoint - The announcement by Haichang Ocean Park Holdings Limited indicates a significant investment from Xiangyuan Holdings, which has acquired a 38.60% stake, marking a new phase of collaboration focused on resource restructuring and strategic synergy in the cultural tourism sector [1][2]. Group 1: Investment and Shareholding - Xiangyuan Holdings has invested HKD 22.95 billion, acquiring 51 billion shares at HKD 0.45 per share, resulting in a new ownership structure where Xiangyuan becomes the controlling shareholder [1][2]. - After the investment, Zeqiao Holdings retains a 29.04% stake, indicating a shift in control dynamics within Haichang Ocean Park [1]. Group 2: Utilization of Funds - The funds raised will be primarily used for daily operations, enhancing core business areas such as theme park operations, operational services, and intellectual property development, as well as debt repayment [2]. - Key focuses include upgrading park facilities, strengthening animal conservation capabilities, and expanding light asset output and IP business [2]. Group 3: Company Background and Performance - Haichang Ocean Park has developed a diverse portfolio of marine-themed projects across major cities in China, employing a "theme park + IP ecosystem + OAAS" model [2]. - In the first half of 2025, Haichang reported revenues of RMB 686 million, a 14.2% decline year-on-year, with a loss of approximately RMB 296 million [3]. - Xiangyuan Holdings operates over 50 cultural tourism projects, attracting over 40 million visitors annually, and has two publicly listed companies, indicating a robust operational capacity [3]. Group 4: Market Implications and Challenges - The partnership is seen as a potential reshaping of the tourism market and cultural industry landscape, although concerns remain regarding Haichang's high operational costs and debt issues [4]. - Experts suggest that Xiangyuan's primary goal may be capital operation rather than deepening its engagement in the cultural tourism sector, raising questions about the long-term viability of theme park operations [4].

Core Viewpoint - Haichang Ocean Park has completed a share subscription with Xiangyuan Holdings, with an investment of HKD 2.295 billion, making Xiangyuan the controlling shareholder [1] Company Overview - Haichang Ocean Park focuses on marine animal conservation, theme park operations, and enhancing visitor experiences [1] - The company has successfully introduced and developed internationally recognized IPs such as "One Piece" and "Ultraman" in its immersive entertainment business [1] Project Development - Haichang is currently in an accelerated phase of project expansion and quality upgrades, with key projects like Beijing Haichang Ocean Park, Shanghai Park Phase II, and Zhengzhou Park Phase II progressing steadily [1] - These developments indicate robust growth vitality and significant market potential [1] Strategic Partnership - Xiangyuan's mature experience in cultural tourism projects and stable operational system will assist Haichang in addressing post-pandemic operational challenges [1] - The partnership aims for resource complementarity and strategic synergy between the two companies [1] Capital Structure - Following the completion of the subscription, Xiangyuan now owns two listed cultural tourism companies: Haichang Ocean Park and Xiangyuan Cultural Tourism, creating a capital structure of "one Hong Kong stock + one A-share" [1]

Core Insights - The announcement from Haichang Ocean Park Holdings indicates that Xiangyuan Holdings has completed a capital injection of HKD 22.95 billion, acquiring a 38.60% stake and becoming the controlling shareholder, marking a new phase of collaboration in the cultural tourism sector [1][3][5] - This partnership is expected to accelerate Haichang's development and potentially reshape the value chain of China's cultural tourism industry, driving it into a new era of resource integration and innovation [1][3] Group 1: Capital Injection and Shareholding Structure - Haichang Ocean Park issued 5.1 billion shares at a subscription price of HKD 0.45 per share, raising a total of HKD 22.95 billion, with a net amount of HKD 22.84 billion after expenses [3][5] - Following the subscription, Xiangyuan Holdings holds a 38.60% stake, while Zeqiao Holdings maintains a 29.04% stake [3][5] Group 2: Utilization of Funds - The funds raised will be primarily used for daily operations, enhancing core business areas such as theme park operations, operational services, and intellectual property development, as well as repaying part of the debt [5] - The focus will be on upgrading park facilities, strengthening animal conservation capabilities, and expanding light asset output and IP business [5] Group 3: Strategic Collaboration and Governance - The governance structure will remain stable, with a focus on strategic, business, and core team continuity, leveraging both companies' resource advantages for enhanced management and operational efficiency [5][10] - The collaboration is seen as a strategic fit in terms of development philosophy, aiming for long-term growth through resource complementarity and synergy [5][10] Group 4: Market Position and Competitive Advantage - Haichang Ocean Park is recognized as a leading developer and operator of marine-themed parks in China, with a unique three-pronged model of "theme parks + IP ecosystem + OAAS" [6][7] - The company has established several flagship projects and has a strong brand influence, supported by a rich operational management experience [6][7] Group 5: Future Outlook and Innovation - The partnership aims to drive deep integration and innovative development across various aspects of the cultural tourism industry [10][11] - There will be a focus on shared customer resources, innovative product offerings, and the creation of unique cultural tourism experiences through IP collaboration and OAAS business models [11][10]

Core Viewpoint - Xiangyuan Holdings has completed its acquisition of a controlling stake in Haichang Ocean Park, marking a significant step in enhancing its cultural tourism portfolio and operational capabilities [1][3][4]. Company Summary - Xiangyuan Holdings invested HKD 22.95 billion to acquire 51 billion shares of Haichang Ocean Park, representing 38.6% of the total issued shares, thus becoming the controlling shareholder [1][3]. - The net proceeds from the share subscription, approximately HKD 22.84 billion, will be used to support daily operations, enhance working capital, develop core business areas, and repay some existing debts [3][4]. - Xiangyuan Holdings has a history of investing in over 40 cultural tourism projects since entering the industry in 2008, showcasing its extensive experience and operational stability [5]. Industry Summary - Haichang Ocean Park is recognized as a benchmark enterprise in China's theme park industry, focusing on marine animal conservation, theme park operations, and visitor experience optimization [4]. - The park is currently undergoing project expansion and quality upgrades, with key projects in Beijing, Shanghai, and Zhengzhou progressing steadily, indicating strong market potential [4]. - The partnership between Xiangyuan Holdings and Haichang Ocean Park is expected to reshape the competitive landscape of the tourism market and drive value upgrades in the cultural industry [5].