Group 1 - The company has announced the establishment of wholly-owned subsidiaries in Hong Kong and Indonesia, approved by the board on December 30, 2025 [1] - The Hong Kong subsidiary will be 100% owned by the company with a registered capital of RMB 100 million, focusing on international expansion in vehicle leasing, trade, and related services [1] - The Indonesian subsidiary will be jointly owned, with the company holding 51% and the Hong Kong subsidiary holding 49%, with a registered capital of RMB 5 million, targeting the local commercial vehicle market [1] Group 2 - The establishment of these overseas subsidiaries aligns with the company's international development strategy and aims to enhance its presence in the international commercial vehicle market [1] - The initiative is expected to create a win-win situation by integrating sales and financial services, thereby strengthening the company's overseas investment layout and competitive advantage [1] - The Hong Kong subsidiary will serve as a core node for the company's international business layout and unified management [1]

Core Viewpoint - Deutsche Bank Tianxia (02418) announced the board's approval for the conversion of 538 million domestic shares held by its shareholder, Shaanxi Automobile Group Co., Ltd., into H-shares, representing approximately 24.67% of the company's total issued shares as of the announcement date [1] Group 1 - The conversion to H-shares is pending approval from all relevant parties, including the filing for H-share full circulation and the approval from the Stock Exchange of Hong Kong for the listing and trading of the converted H-shares [1] - As of the announcement date, the company has not submitted the application for filing to the China Securities Regulatory Commission regarding the H-share full circulation, nor has it applied to the Stock Exchange for the conversion and listing [1] - According to the company's articles of association, the conversion and listing do not require shareholder approval [1]

Core Viewpoint - The company has announced the establishment of wholly-owned subsidiaries in Hong Kong and Indonesia, aligning with its international development strategy and aiming to enhance its presence in the commercial vehicle market [1] Group 1: Hong Kong Subsidiary - The Hong Kong subsidiary will be 100% owned by the company with a registered capital of RMB 100 million (or equivalent foreign currency) [1] - The investment will be executed in phases based on business development, risk management, and relevant laws and regulations [1] - This subsidiary will leverage smart connected vehicle technology to support the international expansion of vehicle leasing, trading, and related services [1] - It will serve as a core node for the company's international business layout and unified management [1] Group 2: Indonesia Subsidiary - The Indonesia subsidiary will be jointly owned, with the company holding 51% and the Hong Kong subsidiary holding 49%, and will have a registered capital of RMB 5 million (or equivalent foreign currency) [1] - This subsidiary will focus on specific business operations in Indonesia, particularly in the commercial vehicle market [1] Group 3: Strategic Importance - The establishment of these overseas subsidiaries aligns with the company's international development strategy and supports its plans to enter the international commercial vehicle market [1] - It aims to create a win-win situation by integrating sales and financial services, enhancing overseas investment, and facilitating transformation and upgrading [1] - The move is significant for building international competitive advantages and expanding overseas business [1]

Core Viewpoint - Deutsche Bank Tianxia (02418.HK) announced the board's approval for the conversion of 538,063,606 domestic shares held by its shareholder, Shaanxi Automobile Group Co., Ltd., into H-shares, representing approximately 24.67% of the total issued shares as of the announcement date [1] Group 1 - The conversion of domestic shares to H-shares is pending all necessary approvals, including the filing for H-share full circulation and the approval from the Stock Exchange for the listing and trading of H-shares on the main board [1] - As of the announcement date, the company has not submitted the application for H-share full circulation to the China Securities Regulatory Commission, nor has it applied to the Stock Exchange for conversion and listing [1] - According to the company's articles of association, the conversion and listing do not require shareholder meeting approval [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。 印尼附屬公司擬由本公司及香港附屬公司分別持股51%及49%，註冊資本 為 人 民 幣 5 百 萬 元（ 或 等 值 外 幣 ）， 將 負 責 在 印 度 尼 西 亞 進 行 具 體 業 務 開 展，深耕當地商用車市場。 本次境外附屬公司的設立，符合本公司國際化發展戰略要求，有利於推進 落實本公司進軍國際商用車市場業務的發展規劃，並對構建「銷售+金融」 相互支持的雙贏格局，加大公司海外業務投資布局、一體化轉型升級、形 成國際化競爭優勢，拓展海外業務具有重要意義。 – 1 – 股東及潛在投資者應注意，本公告乃自願刊發，旨在讓公眾瞭解本公司之 最新業務發展。本公司將於適當時候或於必要時遵照香港聯合交易所有限 公司證券上市規則刊發進一步公告。股東及潛在投資者買賣本公司股份時 務請審慎行事。 （ 一家於中華人民共和國註冊成立的股份有限公司） （股份代號：2418） 自願公告 擬設立境外附屬公司 本公告乃由德銀天下股份有 ...

– 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。 （ 一家於中華人民共和國註冊成立的股份有限公司） （股份代號：2418） 內幕消息公告 本公司建議實施H股全流通 本公告乃由德銀天下股份有限公司（「本公司」）依據證券及期貨條例（ 香港 法 例 第 571 章 ）第 XIVA 部 項 下 內 幕 消 息 條 文 及 香 港 聯 合 交 易 所 有 限 公 司 （「聯交所」）證券上市規則（「上市規則」）第13.09條作出。 茲提述中國證券監督管理委員會（「中國證監會」）於2023年2月17日頒布並 自 2023 年 3 月 31 日 起 生 效 的《 境 內 企 業 境 外 發 行 證 券 和 上 市 管 理 試 行 辦 法》，以及中國證監會於2019年11月14日頒布並於2023年8月10日進一步修 訂的《H股公司境內未上市股份申請「全流通」業務指引》（「《業務指引》」）， 當中載有關於聯交所H股上市公司申請其境內未上市股份（ 定義見《業務指 引》 ...

Core Viewpoint - The Chinese mainland's "dual carbon" goals are driving the rapid growth of the new energy heavy truck industry, with a significant increase in sales and market penetration, indicating a shift from policy-driven to market-driven dynamics [1] Group 1: Industry Trends - By November 2025, cumulative sales of new energy heavy trucks reached 185,800 units, with a year-on-year increase of 178% in November alone, marking a penetration rate exceeding 30% for the first time [1] - The continuation of national subsidies until 2026 is expected to inject strong support into the industry [1] Group 2: Company Overview - 德银天下 (Deutsche Bank Tianxia) has established a comprehensive ecosystem covering the entire lifecycle of commercial vehicles through logistics, financial services, and data services [1] - The company reported a 200% year-on-year growth in supply chain business incubation, with overall vehicle sales driven by the large-scale application of new energy vehicles increasing by 111% [1] Group 3: Strategic Initiatives - The company has signed contracts for integrated new energy vehicles and charging stations, creating a closed-loop service network for sales, charging, and operations [2] - A strategic cooperation agreement with 永青集团 (Yongqing Group) aims to provide intelligent capacity management solutions in Indonesia, expanding the company's international presence [2] Group 4: Growth Potential - 德银天下 is positioned to benefit from the high demand in the new energy heavy truck sector, supported by industry policy benefits, a comprehensive ecosystem, and international expansion opportunities [3] - The company is recommended for investment during the current valuation window, with a potential for long-term price appreciation [3]

Group 1: Hong Kong Stocks - LeMo Technology (02539) surged nearly 17%, reaching a new high of 67.8 HKD, over 60% increase from the IPO price of 40 HKD [1] - Baixin An-B (02185) rose over 4% after announcing that its subsidiary completed the registration of the Iberis multi-polar renal artery radiofrequency ablation catheter system in New Zealand, the only product approved for both radial and femoral artery access for renal denervation [1] - Health Road (02587) increased over 2% as it announced plans to repurchase up to 100 million HKD of its shares in the open market, reflecting confidence in its business outlook [1] - Deutsche Bank Tianxia (02418) fell over 8% following a report that revealed 10 shareholders collectively held 98.9% of the company's issued H-shares, leaving only 1.1% for other investors [1] Group 2: Other Notable Stocks - Kailaiying (06821) rose nearly 2% as its Shanghai Fengxian commercial production base officially commenced operations, marking a significant upgrade in its biopharmaceutical CDMO capabilities [2] - Tianyu Semiconductor (02658) rebounded over 12% on its second day of trading, although still down 20% from its IPO price of 58 HKD [2] - Lithium stocks saw gains, with Ganfeng Lithium (01772) up 4.65%, Hongqiao Group (08137) up 2.15%, Tianqi Lithium (09696) up 3.29%, and CATL (03750) up 1.51% [2] - AAC Technologies (02018) rose nearly 2% after Alibaba launched its first self-developed flagship AI glasses, the Quark AI Glasses S1 [2] - Zhou Hei Ya (01458) increased over 5% as it announced the opening of its first overseas brand store in Malaysia on December 5, 2025 [2] Group 3: US Market Highlights - US mining stocks generally rose, with Albemarle (ALB.US) up 5.08% and MP Materials (MP.US) up 0.47%, amid reports of the US government planning to increase its stake in key mineral companies [5] - Paramount Skydance (PSKY.US) fell 9.82% after proposing a buyout of Warner Bros Discovery (WBD.US) at $30 per share, while Netflix (NFLX.US) offered $27.75 per share [5] - Intel (INTC.US) rose 2.25% after announcing it would retain its network and edge computing business, enhancing integration in AI and data center solutions [5] - Netflix (NFLX.US) dropped 2.89% while Warner Bros Discovery (WBD.US) rose 6.28% following Netflix's announcement of a $27.75 per share acquisition offer for Warner Bros [6] - Baidu (BIDU.US) increased by 5% as reports emerged that Kunlun Core is preparing for an IPO in Hong Kong, targeting early 2026 for its application [6]

智通财经APP获悉，德银天下(02418)再跌超8%，截至发稿，跌7.9%，报8.51港元，成交额865.06万港 元。 消息面上，香港证监会此前公布，最近曾就德银天下股权分布查讯。结果显示该公司于11月18日，有十 名股东合共持有5.46亿股，相当于该公司已发行H股股本98.9%。因此，该公司只有605.45万股，占已发 行H股股本之1.1%由其他投资者持有。 ...

Core Viewpoint - Deutsche Bank's stock has experienced a significant decline, dropping over 8% and currently trading at 8.51 HKD, with a trading volume of 8.65 million HKD [1] Group 1: Stock Performance - As of the latest update, Deutsche Bank's stock price fell by 7.9% [1] - The stock has seen a total decline of over 8% recently [1] Group 2: Shareholder Distribution - The Hong Kong Securities and Futures Commission revealed that on November 18, ten shareholders collectively held 546 million shares, representing 98.9% of the company's issued H-shares [1] - Only 6.05 million shares, or 1.1% of the issued H-shares, are held by other investors [1]