Group 1 - The company, Baiguoyuan Group, has signed a placement agreement with a placement agent to issue 279.5 million H-shares at a price of HKD 1.17 per share [1] - After the issuance, the placement shares will account for approximately 16.1% of the enlarged total H-shares and about 15.4% of the total shares [1] - The placement price represents a discount of approximately 19.31% to the closing price on the day of the announcement [1] Group 2 - The expected total amount raised from this placement is approximately HKD 327 million, with net proceeds estimated at around HKD 325 million [1] - The allocation of the net proceeds is as follows: approximately 61.5% for trade payables, about 30.8% for repaying bank loans, and around 7.7% for general working capital and administrative expenses [1]

Core Viewpoint - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies, which may signal investment trends and market sentiment. Group 1: Companies with Increased Holdings - Changfei Fiber Optics (06869) saw the largest increase in holdings, up by 5.51%, bringing the total to 68.51% [1][2] - Tongyuan Kang Pharmaceutical-B (02410) increased by 2.18%, with a new holding percentage of 23.40% [1][2] - Fortior Technology (Shenzhen) Co., Ltd. (01304) experienced a 2.14% increase, resulting in a holding of 14.00% [1][2] - Other notable increases include Tianyue Advanced (02631) at +1.85% (13.18%) and Kanglong Chemical (03759) at +1.48% (62.37%) [2] Group 2: Companies with Decreased Holdings - Southern Hengsheng Technology (03033) had the largest decrease, down by 1.10% to 60.60% [1][2] - Haotian International Construction Investment (01341) decreased by 0.90%, now at 60.82% [1][2] - Beijing Beichen Industrial Holdings (00588) saw a reduction of 0.76%, bringing its holding to 39.85% [1][2] - Other significant decreases include Hongye Futures (03678) at -0.74% (63.01%) and Yisou Technology (02550) at -0.73% (35.50%) [2] Group 3: Five-Day Holding Changes - Over the last five trading days, Tongyuan Kang Pharmaceutical-B (02410) had the highest increase at +6.99%, with a holding of 23.40% [1][3] - Changfei Fiber Optics (06869) increased by 5.91%, reaching 68.51% [1][3] - Longpan Technology (02465) saw a 5.41% increase, now at 51.46% [1][3] - Conversely, Shandong Molong (00568) experienced the largest decrease at -4.44%, with a holding of 55.22% [1][3] Group 4: Twenty-Day Holding Changes - In the last twenty days, Zhongyuan Marine Energy (01138) had the highest increase at +12.54%, with a holding of 69.07% [1][4] - Changfei Fiber Optics (06869) also saw a significant increase of +12.33%, now at 68.51% [1][4] - Tongyuan Kang Pharmaceutical-B (02410) increased by +8.83%, reaching 23.40% [1][4]

Core Viewpoint - Baiguoyuan Group (02411.HK) has entered into a placement agreement to issue 279.5 million H-shares at a price of HKD 1.17 per share, representing a discount of approximately 19.31% from the closing price on September 19, 2025 [1] Summary by Categories Placement Details - The company has agreed to issue a total of 279.5 million shares, which will account for approximately 16.1% of the enlarged total H-shares and about 15.4% of the enlarged total shares [1] - The estimated total proceeds from the placement are approximately HKD 327 million, with net proceeds expected to be around HKD 325 million [1] Use of Proceeds - Approximately 61.5% of the net proceeds will be used to pay trade payables in the ordinary course of business [1] - About 30.8% will be allocated to repay bank loans [1] - The remaining 7.7% will be utilized for general working capital and administrative expenses [1]

每经AI快讯，9月21日晚间，百果园集团在港交所公告，于2025年9月19日（交易时段后），公司与配 售代理订立配售协议，配售代理同意作为公司的代理，按竭尽所能基准促使承配人以配售价每股H股 1.17港元认购合共2.795亿股配售股份。配售价较于最后交易日联交所所报每股H股收市价折让约 19.31%。假设配售代理根据配售事项发行并悉数配售合共2.795亿股配售股份，配售事项所得款项净额 估计约为3.250亿港元，其中约61.5%将用于支付一般业务过程中的贸易应付款项，约30.8%将用于偿还 公司银行贷款，约7.7%将用作集团的一般营运资金及行政开支。 （文章来源：每日经济新闻） ...

（文章来源：第一财经） 百果园集团在港交所公告，于2025年9月19日（交易时段后），公司与配售代理订立配售协议，配售代 理同意作为公司的代理，按竭尽所能基准促使承配人以配售价每股H股1.17港元认购合共2.795亿股配售 股份。配售价较于最后交易日联交所所报每股H股收市价折让约19.31%。假设配售代理根据配售事项发 行并悉数配售合共2.795亿股配售股份，配售事项所得款项净额估计约为3.250亿港元，其中约61.5%将 用于支付一般业务过程中的贸易应付款项，约30.8%将用于偿还公司银行贷款，约7.7%将用作集团的一 般营运资金及行政开支。 ...

百果园集团(02411)发布公告，于2025年9月19日，本公司与配售代理订立配售协议，本公司已同意发 行，而配售代理已同意作为本公司的代理，按竭尽所能基准促使承配人以配售价每股H股1.17港元认购 合共2.795亿股配售股份，惟须受配售协议所载条款及条件所规限。 紧随完成后，合共2.795亿股配售股份占经扩大H股总数约16.1%，及经扩大股份总数约15.4%。配售价 每股H股1.17港元较于2025年9月19日联交所所报每股H股收市价折让约19.31%。 假设配售代理根据配售事项发行并悉数配售合共2.795亿股配售股份，配售事项所得款项总额估计约为 3.27亿港元，而配售事项的所得款项净额估计约为3.25亿港元。本公司拟将所得款项净额用作以下用 途：约61.5%将用于支付一般业务过程中的贸易应付款项;约30.8%将用于偿还本公司银行贷款;及约7.7% 将用作本集团的一般营运资金及行政开支。 ...

紧随完成后，合共2.795亿股配售股份占经扩大H股总数约16.1%，及经扩大股份总数约15.4%。配售价 每股H股1.17港元较于2025年9月19日联交所所报每股H股收市价折让约19.31%。 假设配售代理根据配售事项发行并悉数配售合共2.795亿股配售股份，配售事项所得款项总额估计约为 3.27亿港元，而配售事项的所得款项净额估计约为3.25亿港元。本公司拟将所得款项净额用作以下用 途：约61.5%将用于支付一般业务过程中的贸易应付款项;约30.8%将用于偿还本公司银行贷款;及约7.7% 将用作本集团的一般营运资金及行政开支。 智通财经APP讯，百果园集团(02411)发布公告，于2025年9月19日，本公司与配售代理订立配售协议， 本公司已同意发行，而配售代理已同意作为本公司的代理，按竭尽所能基准促使承配人以配售价每股H 股1.17港元认购合共2.795亿股配售股份，惟须受配售协议所载条款及条件所规限。 ...

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。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 本公告僅供參考，並不構成收購、購買或認購任何證券的邀請或要約，亦並非擬用作邀請提出 相關要約或邀請。本公告或其任何副本概不得直接或間接帶入美國或於美國（包括其領土及屬 地、美國任何州及哥倫比亞特區）派發。尤其是，本公告並不構成亦並非在美國或其他地方出 售證券的要約或招攬購買或認購證券的任何要約。除非已根據1933年美國證券法（經修訂）登記 或獲豁免登記，否則證券不得在美國提呈發售或出售。於美國進行的任何證券公開發售將僅以 招股章程的方式進行，該招股章程可向發行人或出售證券持有人取得，並載有發行人及其管理 層的詳細資料以及財務資料。本公司無意於美國公開發售本公告所述證券。 Shenzhen Pagoda Industrial (Group) Corporation Limited 深 圳 百 果 園 實 業（ 集 團 ）股 份 有 限 公 ...

Group 1 - The core idea of the article is the introduction of a new feature by Baiguoyuan that allows customers to send fruit gift boxes with a satisfaction guarantee, enhancing the gifting experience and addressing quality concerns [1] - Baiguoyuan has launched a "Gift Worry-Free Delivery" feature on its mini-program platform, allowing recipients to have after-sales rights, which means they can directly address any quality issues without going through the sender [1] - The feature aims to transform the traditional gifting model where gifts are considered final once sent, making it more customer-friendly and ensuring both parties feel secure about the quality of the gift [1] Group 2 - Customers can select the "Send to Friends" option when purchasing fruit gift boxes, which triggers the "Gift Worry-Free Delivery" feature, ensuring that the recipient receives a card with after-sales rights along with the gift [1] - The after-sales card allows recipients to scan a QR code for any necessary returns or complaints, streamlining the process and enhancing customer satisfaction [1] - This initiative reflects Baiguoyuan's commitment to improving customer experience and adapting to modern consumer expectations in the gifting market [1]

Group 1 - The event "Big Consumption Investment Summit and 2025 Zhitong Xingyao Autumn Joint Strategy Meeting" was held in Hangzhou, focusing on the theme "New Consumption Species: The Evolution of Hong Kong Stocks" [1] - In 2025, China's consumption market is witnessing a blend of tradition and innovation, with electric vehicle penetration exceeding 47%, smart home sales growing in double digits, and rural consumption growth outpacing urban by 0.8 percentage points [1] - The Hong Kong stock market is becoming a witness to consumer power, with a 100-fold subscription for consumer IPOs in the first half of the year and 71% of new stocks closing higher on their first day [1] Group 2 - The main venue will feature keynote speeches and roundtable discussions on trends, while the sub-venue will showcase opportunities from 30 top companies [2] - Keynote speakers include executives from Tencent, GF Securities, and various leading companies, sharing insights and practical experiences [4] - The sub-venue will host presentations from 30 leading companies, including China Duty Free Group, Maogeping, and others, focusing on their business opportunities [5]