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]

Zibuyu Group Limited 俞可飛先生 沈田豐先生 羅妍女士 董事會已成立四個委員會。各董事委員會成員載列如下： | | 委員會 | | | | 環境、社會及 | | --- | --- | --- | --- | --- | --- | | 董事 | | 審核委員會 | 薪酬委員會 | 提名委員會 | 管治委員會 | | 華丙如先生 | | | | 成員 | | | 陳才雄先生 | | | | | | | 汪衛平先生 | | | | | | | 董振國先生 | | | | | | | 俞可飛先生 | | 主席 | 成員 | 成員 | 主席 | | 沈田豐先生 | | 成員 | 主席 | 成員 | 成員 | | 羅妍女士 | | 成員 | 成員 | 主席 | 成員 | 中國杭州，2025年11月14日 董事名單及其角色與職能 子不語集團有限公司董事（「董事」）會（「董事會」）成員載列如下： 執行董事 華丙如先生 （主席） 陳才雄先生 （行政總裁） 汪衛平先生 董振國先生 獨立非執行董事 子不語集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2420） ...

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 （於開曼群島註冊成立的有限公司） （股份代號：2420） (I)獨立非執行董事辭任； (II) 環境、社會及管治委員會組成變動；及 (III)公司秘書及授權代表變更 環境、社會及管治委員會組成變動 董事會進一步宣佈，俞可飛先生（「俞先生」）由環境、社會及管治委員會委員獲委任 為環境、社會及管治委員會主席，自2025年11月14日起生效。 經上述變動後，環境、社會及管治委員會將由俞可飛先生（主席）、沈田豐先生及羅 妍女士組成。 董事會謹藉此機會歡迎俞先生出任本公司新職務。 公司秘書及授權代表變更 董事會宣佈，余安妮女士（「余女士」）已自2025年11月14日起辭任本公司的聯席公司 秘書（「聯席公司秘書」）及不再擔任根據聯交所證券上市規則（「上市規則」）第3.05條 所規定本公司的授權代表（「授權代表」）。余女士於辭任聯席公司秘書及授權代表 後， ...

截至月份: 2025年10月31日 狀態: 新提交 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 致：香港交易及結算所有限公司 公司名稱: 子不語集團有限公司 呈交日期: 2025年11月6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) | 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 ...

Core Insights - The latest shareholder equity disclosures for Asia Pacific Resources (01104) and Zibuyu (02420) were made on October 14, 2025 [1] Group 1: Asia Pacific Resources (01104) - PIA Ltd reduced its holdings from 156 million shares to 155 million shares, representing a holding percentage change from 11.05% to 10.92% [2] - OPG Holdings decreased its stake from 70.9136 million shares to 69.6736 million shares, with a holding percentage change from 5.01% to 4.92% [2] - Old Peak Asia Fund Ltd. also saw a reduction in shares from 70.9136 million to 69.6736 million, with a similar holding percentage change from 5.01% to 4.92% [2] Group 2: Zibuyu (02420) - Chen Caixiong increased his holdings significantly from 33,000 shares to 1.233 million shares, resulting in a holding percentage change from 0.01% to 0.25% [2]