深 圳 百 果 園 實 業（ 集 團 ）股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2411） 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。 Shenzhen Pagoda Industrial (Group) Corporation Limited 內幕消息公告 完成H股全流通 本公告乃深圳百果園實業（集團）股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則（「上市規則」）第13.09(2)(a)條及證券及期貨條例（香港法例 第571章）第XIVA部作出。 茲提述本公司日期為二零二五年五月二十日、五月二十九日、十月二十日及十月 二十二日的公告（「H股全流通公告」），內容有關本公司建議實行H股全流通、就 建議實行H股全流通獲中國證監會發出備案通知書及聯交所就轉換及上市授出上 市批准。除另有界定外，本公告所用詞彙與H股全流通公告所界定者具有相同涵 義。 完成H股全流通 董事會欣然宣佈，本公司已於二零 ...

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。 Shenzhen Pagoda Industrial (Group) Corporation Limited 深 圳 百 果 園 實 業（ 集 團 ）股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2411） 於二零二五年十月三十日（星期四）舉行的 二零二五年第二次臨時股東會投票表決結果 深圳百果園實業（集團）股份有限公司（「本公司」）之董事會（「董事會」）宣佈，於 二零二五年十月三十日（星期四）舉行的本公司二零二五年第二次臨時股東會（「臨 時股東會」）上，臨時股東會通告所載的所有提呈決議案均獲本公司股東（「股東」） 以投票表決方式正式通過。 除文義另有所指外，本公告所用詞彙與本公司日期為二零二五年十月十五日的通 函（「通函」）所界定者具有相同涵義。 臨時股東會投票表決結果 於二零二五年十月三十日（星期四）舉行的臨時股東會由董事會召開，並由執行董 事兼董事長余惠勇先生主持 ...

Group 1 - The core incident involving the brand Arc'teryx and the firework event in collaboration with artist Cai Guoqiang has led to significant public relations issues, resulting in investigations and a substantial loss in market value for its parent company Anta [2] - The departure of Ivan She, the General Manager of Arc'teryx Greater China, marks a significant moment following the controversy surrounding the firework event [2] - The public backlash against various brands, including Aikang Group and Baiguoyuan, highlights a trend of consumer dissatisfaction and the challenges faced by established brands in adapting to changing consumer sentiments [3][9] Group 2 - The rise of social media has transformed the communication landscape, leading to a breakdown of traditional communication models and a shift in consumer expectations [5][6] - The concept of "old marketing" characterized by authoritative messaging is being challenged by younger consumers who prefer authenticity and equality in brand communication [8][10] - The complexity of modern public sentiment requires brands to adopt more nuanced and targeted communication strategies, moving away from one-size-fits-all approaches [14][18] Group 3 - The failure of brands to accurately gauge public sentiment and adapt their messaging has resulted in backlash and loss of consumer trust [15][17] - A call for restructuring within organizations to better manage public relations and consumer engagement is emphasized, suggesting a need for integrated communication strategies [19] - The ongoing transformation in brand communication reflects a broader societal shift towards decentralization and a demand for genuine engagement from brands [20]

Company News - China Unicom (00762.HK) reported a revenue of 292.985 billion yuan for the first three quarters, a year-on-year increase of 1%; net profit reached 20 billion yuan, up 5.1% year-on-year. The company noted a significant breakthrough in computing power business, with cloud revenue of 52.9 billion yuan and data center revenue of 21.4 billion yuan, an increase of 8.9% year-on-year. The cumulative number of customers for 5G virtual private networks exceeded 20,000. Additionally, the company plans to spin off its smart network technology for listing on the Shenzhen Stock Exchange's Growth Enterprise Market [2] - Tmall (06110.HK) reported a mid-term revenue of approximately 12.2986 billion yuan for the period ending August 31, a decrease of 5.79% year-on-year; net profit was 789 million yuan, down 9.69% year-on-year, primarily due to fluctuations in the offline consumption environment affecting customer traffic. The gross profit margin for the period was 41.0%, a decrease of 0.1 percentage points year-on-year, with inventory at 5.834 billion yuan, down 4.7% year-on-year, and the total number of stores decreased by 19.4% year-on-year [2] - Shanshui Cement (00691.HK) reported operating revenue of 8.946 billion yuan for the first nine months, a year-on-year decrease of 17.99%; the company incurred a loss of 132 million yuan, an increase of 12.47% year-on-year [3] - China Overseas Macro Group (00081.HK) reported an operating profit of approximately 773 million yuan for the first three quarters, a year-on-year decline of 46.7% [4] - Tianjin Port Development (03382.HK) announced that its subsidiary plans to publicly sell 60% of the equity in China Railway Storage and Transportation [5] - China National Foreign Trade (00598.HK) completed the sale of a 25% stake in Lu Kai International, expecting to generate revenue of 1.65 billion yuan [6] - Xinyi International (00732.HK) plans to acquire approximately 11.43% equity in Xinyi Renshou through a public bidding process, involving an investment of 1.05 billion yuan [7] - Shanxi Installation (02520.HK) intends to establish a joint venture with Shanxi Sanjian and Huaneng Power for the Shanxi Qingshui Pumped Storage Power Station project, with a total registered capital of 100 million yuan [8] - Kaisa Group (01813.HK) has postponed the hearing for its liquidation application [9] - Baiguoyuan Group (02411.HK) has received approval from the Hong Kong Stock Exchange for its application to implement full circulation of H-shares [10] Buyback Dynamics - Haotian International Investment (01341.HK) completed the issuance of 1.6 billion shares to PCL [11] - AAC Technologies (02018.HK) repurchased 300,000 shares at a cost of approximately 11.9098 million Hong Kong dollars, with repurchase prices ranging from 39.46 to 39.98 Hong Kong dollars [12] - Mengniu Dairy (02319.HK) repurchased 500,000 shares at a cost of 7.1714 million Hong Kong dollars, with repurchase prices between 14.32 and 14.37 Hong Kong dollars [13] - Lianyi Rong Technology-W (09959.HK) repurchased 2.43 million shares at a cost of approximately 7.47075 million Hong Kong dollars, with repurchase prices ranging from 2.99 to 3.1 Hong Kong dollars [14]

Group 1 - The Hong Kong Stock Exchange has approved the listing and trading of 85,448,554 shares of Baiguoyuan Group under the proposed H-share full circulation plan, pending the fulfillment of all other conditions for conversion and listing [1] - The conversion and listing involve three participating shareholders who collectively hold 85.4486 million non-listed shares, representing approximately 4.6980% of the total issued share capital of the company as of the announcement date [1]

Core Viewpoint - Baiguoyuan Group (02411) has received approval from the Hong Kong Stock Exchange for the listing and trading of 85.4486 million shares under the proposed full circulation of H-shares, pending the fulfillment of all other conditions for conversion and listing [1] Group 1 - The approval date for the H-share listing is set for October 21, 2025 [1] - The total number of shares approved for listing is 85.4486 million [1] - The conversion and listing are subject to the completion of all necessary conditions [1]

Group 1 - The Hong Kong Stock Exchange has approved the listing and trading of 85.4486 million shares of Baiguoyuan Group under the proposed full circulation of H-shares [1] - The approval is contingent upon the fulfillment of all other conditions related to the conversion and listing [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。 （股份代號：2411） 內幕消息公告 就申請建議實行H股全流通獲聯交所批准 本公告乃深圳百果園實業（集團）股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則（「上市規則」）第13.09(2)(a)條及證券及期貨條例（香港法例 第571章）第XIVA部作出。 茲提述本公司日期為二零二五年五月二十日、五月二十九日及十月二十日的公告 （「H股全流通公告」），內容有關本公司建議實行H股全流通及就H股全流通獲中國 證監會發出備案通知書。除另有界定外，本公告所用詞彙與H股全流通公告所界 定者具有相同涵義。 上市批准 董事會欣然宣佈，聯交所已於二零二五年十月二十一日批准85,448,554股根據建 議H股全流通以及轉換及上市轉換自非上市股份的H股上市及買賣，惟須待轉換及 上市的所有其他條件獲達成後方可作實。 1 股權架構 Shenzhen Pagoda Industrial (Group) Corpo ...

Core Viewpoint - The China Securities Regulatory Commission has issued a notice regarding the "full circulation" filing for Shenzhen Baiguoyuan Industrial (Group) Co., Ltd, allowing three shareholders to convert a total of 85,448,554 shares of unlisted domestic shares into shares for overseas listing on the Hong Kong Stock Exchange [1] Group 1 - The company is planning to list its shares on the Hong Kong Stock Exchange [1] - A total of 85,448,554 shares will be converted from unlisted domestic shares to overseas listed shares [1] - The move involves three shareholders of the company [1]

Core Viewpoint - Baiguoyuan Group (02411) has received formal filing notification from the China Securities Regulatory Commission (CSRC) regarding its application for H-share full circulation, indicating progress in its capital market activities [1] Group 1: H-share Conversion - The company has completed the CSRC filing for the conversion of a total of 85.4486 million non-listed shares held by three shareholders into H-shares on a one-to-one basis [1] - The converted 85.4486 million H-shares will be listed and traded on the main board of the Stock Exchange of Hong Kong after the conversion is completed and listing approval is granted [1] - The notification from the CSRC is valid for 12 months from the date of approval, which was on October 17, 2025 [1]