智通财经APP讯，子不语(02420)发布公告，于2025年12月18日，500万份奖励股份(占截至本公告日期本 公司已发行股份总数(不包含库存股份)的1%)已根据股份奖励计划授予陈才雄先生(本公司执行董事及行 政总裁)(承授人)。该等奖励股份的授予是基于陈先生于任期内对本公司发展作出的贡献而厘定，在其领 导下，本公司通过全面战略改革与精细化运营，于2024年成功实现扭亏为盈，并推动2025年上半年业绩 持续增长，盈利能力和运营效率均显着提升。向陈先生授出的每份奖励股份均代表彼等于归属时获得一 股普通股连同该等普通股的分派(如有)的权利。 ...

子不语(02420)发布公告，于2025年12月18日，500万份奖励股份(占截至本公告日期本公司已发行股份总 数(不包含库存股份)的1%)已根据股份奖励计划授予陈才雄先生(本公司执行董事及行政总裁)(承授人)。 该等奖励股份的授予是基于陈先生于任期内对本公司发展作出的贡献而厘定，在其领导下，本公司通过 全面战略改革与精细化运营，于2024年成功实现扭亏为盈，并推动2025年上半年业绩持续增长，盈利能 力和运营效率均显着提升。向陈先生授出的每份奖励股份均代表彼等于归属时获得一股普通股连同该等 普通股的分派(如有)的权利。 ...

格隆汇12月18日丨子不语(02420.HK)宣布，于2025年12月18日，500万份奖励股份(占截至本公告日期公 司已发行股份总数(不包含库存股份)的1%)已根据股份奖励计划授予陈才雄(公司执行董事及行政总裁) (「承授人」)。 ...

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。 Zibuyu Group Limited 子不語集團有限公司 兹提述子不語集團有限公司（「本公司」）日期為2023年9月15日的有關採納股份獎勵 計劃（現有股份）（「股份獎勵計劃」）的公告（「該公告」），除文義另有所指外，本公告 所用詞彙與該公告所界定者具有相同涵義。 關連交易 — 向董事授出獎勵股份 本公司董事會（「董事會」）宣佈，於2025年12月18日，5,000,000份獎勵股份（佔截至 本公告日期本公司已發行股份總數（不包含庫存股份）的1%）已根據股份獎勵計劃授 予陳才雄先生（「陳先生」）（本公司執行董事及行政總裁）（「承授人」）。該等獎勵股份 的授予是基於陳先生於任期內對本公司發展作出的貢獻而釐定，在其領導下，本公 司通過全面戰略改革與精細化運營，於2024年成功實現扭虧為盈，並推動2025年上 半年業績持續增長，盈利能力和運營效率均顯著提升。向陳先生授出的每份獎勵股 份均代表彼等於歸屬時獲 ...

公司名稱: 子不語集團有限公司 呈交日期: 2025年12月4日 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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 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) | 02420 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.00005 USD | | 100,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 2,000,000,000 | USD | | 0.00005 USD | | 100,000 | 本月底法定/註冊股本總額： USD 100,0 ...

Group 1 - The core point of the article is that Chen Caihong, an executive director of the company, increased his shareholding in the company by purchasing 1.4285 million shares at an average price of HKD 2.95 per share, totaling approximately HKD 4.2141 million [1]. - Following this purchase, Chen Caihong's total shareholding increased to 5 million shares, raising his ownership percentage from 0.71% to 1.00% [1].

Core Insights - The report highlights a significant transformation in China's cross-border e-commerce from "price competition" to "value creation" driven by innovation and AI empowerment [1][3][6] - With the Z generation's online shopping population expected to reach 90.3%, Chinese sellers are shifting focus from low-price strategies to product innovation, technology upgrades, and brand building [1][6][3] Innovation and Product Development - 64% of Chinese sellers are prioritizing new product categories or iterations of existing products, with 35% of sales coming from new selections made within the last year, indicating that innovation is the core growth driver [1][7] - Over 88% of outbound products are self-innovated, with 32% being globally first-released categories, showcasing strong R&D capabilities in cutting-edge fields like AI and new-generation information technology [1][13][14] - Brands are leveraging user feedback throughout the product development cycle, employing agile development models to reduce trial-and-error costs and shorten product development timelines [2][28][30] AI and Data Utilization - More than 60% of top brands utilize AI tools for consumer insights, product selection analysis, and product optimization, while 45% of Chinese sellers apply generative AI for service and product innovation [2][52] - AI is enhancing product innovation by identifying trends from vast data sets, improving supply chain management, marketing, and user experience, leading to significant increases in conversion rates and brand visibility [2][52][55] Global Expansion Strategies - 94% of brands plan to promote innovative products across more international platforms, with 78% having successfully entered multiple Amazon markets [3][38] - Companies are adopting a "validate-replicate-localize" strategy to quickly adapt to different regional consumer habits and certification requirements, transforming successful experiences into global growth momentum [3][40] - 81% of enterprises intend to invest over 10% of their revenue in R&D to build patent barriers around core technologies, thereby enhancing their competitiveness in the global market [3][44] Future Outlook - The cross-border e-commerce sector in China is entering a new development phase driven by innovation and brand empowerment, with expectations for sustainable growth and increased global recognition of Chinese brands [3][1][6]

Core Viewpoint - The company announced the resignation of independent non-executive director Liu Jiancheng, effective from November 14, 2025, due to his need to devote more time to personal matters [1] Group 1 - Liu Jiancheng served as the chairman of the Board's Environmental, Social and Governance Committee, as well as a member of the Audit Committee, Remuneration Committee, and Nomination Committee [1]

Core Points - Dr. Liu Jiancheng has resigned as an independent non-executive director and various committee roles effective November 14, 2025, due to personal commitments [1] - Mr. Yu Kefe has been appointed as the chairman of the Environmental, Social and Governance Committee effective November 14, 2025 [1] - Ms. Yu Anni has resigned as co-company secretary and authorized representative effective November 14, 2025, but will continue to serve as the company's agent for receiving legal documents in Hong Kong [1] - Mr. Ou Qixian has been appointed as co-company secretary and authorized representative effective November 14, 2025, and will work closely with Ms. Zheng Huanxin in fulfilling the co-company secretary duties [1]

Core Viewpoint - The company announced significant changes in its board of directors and company secretarial roles, effective November 14, 2025, due to personal commitments of key individuals [1] Group 1: Board Changes - Dr. Liu Jiancheng resigned as an independent non-executive director and chairman of the Environmental, Social and Governance (ESG) Committee, as well as member of the Audit Committee, Remuneration Committee, and Nomination Committee [1] - Mr. Yu Kefe was appointed as the chairman of the ESG Committee, effective November 14, 2025 [1] Group 2: Company Secretarial Changes - Ms. Yu Anni resigned as the co-company secretary and will no longer serve as the authorized representative under the Hong Kong Stock Exchange Listing Rules [1] - Mr. Ou Qixian was appointed as co-company secretary and authorized representative, effective November 14, 2025 [1] - Ms. Zheng Huanxin will continue as another co-company secretary, and Mr. Hua Bingru will remain as another authorized representative [1]