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10月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 心动有限公司 | | | | | | 呈交日期: | 2025年11月5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) | 02400 | 說明 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 1,000,000,000 USD 0.0001 USD 100,000 增加 / 減少 (-) 0 USD 0 本月底結存 1,000,000,000 USD 0.0001 USD 100,000 本月底法定/註冊股本總額： USD 100,000 FF301 II. 已發行股份 ...

Core Viewpoint - The AI application sector in both Hong Kong and A-shares has shown strong performance, with several concept stocks experiencing significant price increases, driven by multiple positive signals and favorable news in the industry [2][4]. Stock Performance - In the Hong Kong market, notable stock price increases include: - Fenbi (02469.HK) up 10.36% - Meitu (01357.HK) up 7.08% - Huisheng Technology (01860.HK) up 6.05% - Reading Group (00772.HK) up 5.27% - Maifushi (02556.HK) up 4.92% - Xindong Company (02400.HK) up 4.3% [2][3] - In the A-share market, stocks such as: - 37 Interactive Entertainment (002555.SZ) and Jishi Media (601929.SH) hit the daily limit - Fushi Holdings (300071.SZ) surged 13.39% - Huina Technology (300609.SZ) rose 11.79% - 360 (601360.SH) increased by 7.52% [2][3]. Catalysts for Growth - The surge in the AI application sector is attributed to a combination of individual stock benefits and a series of positive industry signals [4]. - Fenbi announced a share buyback plan of up to 200 million HKD and reported a milestone in AI product sales, with over 42,000 units sold, reflecting a more than 100% increase month-on-month [5]. - Minglue Technology (02718.HK) saw a 106.1% increase on its first trading day, further igniting market enthusiasm for AI sub-sectors [6]. Policy Support - Recent policies in the AI sector have been released, creating a comprehensive support system from strategic planning to practical applications. The "14th Five-Year Plan" emphasizes the implementation of "AI+" actions to seize the high ground in AI industry applications [7]. - A recent State Council meeting focused on accelerating AI scene cultivation and large-scale application, aiming to transform technological advantages into new momentum for industrial development [7]. Industry Events - The establishment of the "World Artificial Intelligence Cooperation Organization" (WAICO) at the APEC summit aims to set global AI governance rules and promote technology accessibility [8]. - Upcoming industry summits, including the World Internet Conference and the Global Computing Conference, will further enhance optimistic expectations for the AI sector [8]. Market Validation - The commercial value of AI applications has been validated through user growth and corporate performance. As of Q3 2025, the number of active mobile users in AI applications exceeded 729 million, with 200 million on PC [8]. - Companies like Kingsoft Office reported Q3 revenue of 1.521 billion CNY, a 25% year-on-year increase, driven by active user growth and enhanced AI features [9]. - 360 reported Q3 revenue of 2.241 billion CNY, a 16.88% year-on-year increase, achieving profitability with multiple significant contracts in the AI sector [10]. Long-term Investment Value - The AI application sector is becoming a core focus for the market, with long-term investment value expected to continue to emerge as the "AI+" initiative deepens and global cooperation progresses [11]. - Several brokerages have released reports highlighting the rapid transition of AI application business models from concept validation to revenue generation, indicating a strong demand for AI applications across various sectors [12]. - The upcoming "Hong Kong Top 100" evaluation will include AI and smart driving as key focus areas, providing a more precise evaluation dimension for industry innovation [12].

Core Viewpoint - The company, Heart Company (02400), announced the exercise of stock options under its stock option plan adopted on June 25, 2021, to issue 800 shares on October 31, 2025 [1] Summary by Categories - **Company Announcement** - Heart Company will exercise stock options to issue 800 shares [1]

Core Viewpoint - Xindong Company (02400) announced the exercise of stock options to issue 800 shares on October 31, 2025, under the stock option plan adopted on June 25, 2021 [1] Summary by Category - **Company Announcement** - Xindong Company will issue 800 shares as part of its stock option plan [1]

FF305 第 2 頁 共 6 頁 v 1.3.0 FF305 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02400 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 ...

Core Insights - The report from the "泉果消费机遇" fund indicates a significant growth in fund size, reaching 695 million yuan by the end of Q3 2025, up from 61.93 million yuan in Q2 2025, reflecting increasing recognition from investors, including institutions [1][2] - The fund's net value performance shows a 33.00% increase over the past year, outperforming the benchmark of 3.69% [1] Fund Performance and Market Context - The fund has gained favor among institutional investors, with 2.856 million shares held, accounting for 4.96% of total shares [2] - In Q3 2025, major stock indices performed well, with the Shanghai Composite Index rising by 12.73%, Shenzhen Component Index by 29.25%, CSI 300 by 17.90%, and Hang Seng Index by 11.56% [2] - Economic indicators showed steady growth, with industrial added value increasing by 5.7% and 5.2% in July and August respectively, and retail sales growing by 3.7% and 3.4% in the same months [2] Portfolio Adjustments - The fund manager, Sun Wei, indicated a slight increase in equity positions and adjustments in the portfolio structure, focusing on new consumption and lithium battery sectors [3] - The fund increased allocations in personal care, trendy toys, and gaming industries while reducing exposure in closely related sectors [3] - The top ten holdings account for 30.12% of the fund's net asset value, with Tencent Holdings, CATL, and Pop Mart among the largest positions [5] Investment Strategy - As of Q3 2025, the fund's stock position constituted 79.01% of its net assets, with a 24.77% allocation to Hong Kong stocks, showing stability compared to the previous quarter [4][3] - New entries in the top ten holdings include Pop Mart, Alibaba-W, and Tianqi Lithium, while previous holdings like Yanjing Beer and Li Auto have exited the list [3][5]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 心动有限公司 呈交日期： 2025年10月28日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02400 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股 ...

Core Viewpoint - The company, Xindong Company (02400.HK), announced the issuance of 1,600 ordinary shares on October 22, 2025, due to eligible participants exercising stock options under the stock option plan adopted on June 25, 2021 [1] Summary by Relevant Sections - **Company Actions** - The company issued 1,600 ordinary shares as a result of the exercise of stock options by eligible participants [1] - **Stock Option Plan** - The stock option plan was adopted on June 25, 2021, allowing eligible participants to exercise their options [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 心动有限公司 呈交日期： 2025年10月22日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02400 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股 ...

Core Points - The company, Heartbeat Technology (02400), announced the issuance of 1,000 ordinary shares on October 21, 2025, due to eligible participants exercising stock options under the stock option plan adopted on June 25, 2021 [1] Summary by Category - **Company Announcement** - Heartbeat Technology will issue 1,000 ordinary shares as a result of the exercise of stock options by eligible participants [1] - The stock option plan was initially adopted on June 25, 2021 [1] - **Future Implications** - The issuance of shares may impact the company's capital structure and shareholder equity in the future [1]