FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2025年12月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已 ...

Core Viewpoint - The article highlights the ongoing efforts by various Chinese cities, particularly Beijing, to regulate and rectify the chaotic online information dissemination in the real estate sector, emphasizing the need for accurate and responsible reporting to maintain market stability [2][3][4]. Group 1: Regulatory Actions in Beijing - On December 5, Beijing's housing and urban-rural development committee, along with other departments, conducted a joint meeting with major internet platforms like Douyin and Xiaohongshu to address issues related to the dissemination of negative information about the Beijing real estate market [2]. - The meeting identified that some self-media accounts were spreading false information, creating market panic, and promoting misleading listings, which disrupts market order [2]. - As of December 12, over 17,000 pieces of illegal and harmful information were cleared from platforms like 58.com and Douyin, and more than 2,300 accounts and live streams that spread anxiety and misinformation were removed [3]. Group 2: Nationwide Efforts - Other cities, such as Shanghai, have also initiated similar regulatory actions, with over 40,000 pieces of harmful information and 70,000 accounts being addressed since November 14 [4]. - In October, Changzhou and other cities launched campaigns targeting the distortion of real estate policies and the spread of panic-inducing narratives, with specific actions taken against accounts promoting false information [5]. - Cities like Xi'an and Nanjing have also been active in addressing violations, with multiple accounts being suspended or shut down for spreading misleading content about property prices and market conditions [5].

Core Viewpoint - The article highlights the ongoing efforts by various Chinese cities, particularly Beijing, to regulate and rectify the chaotic online information dissemination in the real estate sector, emphasizing the need for accurate and responsible reporting to maintain market stability [2][3]. Group 1: Regulatory Actions - Beijing's housing authority, along with other departments, conducted a joint meeting with major internet platforms like Douyin and Xiaohongshu to address issues related to the spread of negative information about the real estate market [2]. - The meeting identified that some self-media accounts were spreading false information, creating market panic, and disseminating misleading property listings, which disrupts market order [2]. - As of December 12, over 17,000 pieces of illegal and harmful information were cleared from platforms like 58.com and Douyin, and more than 2,300 accounts and live streams promoting market anxiety were removed [3]. Group 2: Nationwide Efforts - Other cities, such as Shanghai, have also initiated similar regulatory actions, with over 40,000 pieces of harmful information and 70,000 accounts being addressed since November 14 [4]. - In Xi'an and Nanjing, local authorities have taken steps to address accounts spreading false narratives about falling property prices and other misleading content, emphasizing the need for compliance with relevant laws [5].

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [3][57] Core Viewpoints - The report emphasizes the importance of stabilizing housing prices for facilitating economic circulation and highlights the potential for high-quality housing development driven by policy support and changing supply-demand dynamics [4][45] - The report suggests that the Hong Kong private residential market sentiment is gradually recovering, indicating a new round of value reassessment for Hong Kong developers [4] Market Performance - The Shanghai Composite Index decreased by 0.3%, while the Shenzhen Component Index increased by 0.8%, and the ChiNext Index rose by 2.7%. The real estate sector (Shenwan) fell by 2.6% [4][7] - In terms of individual stocks, the top five gainers were Sanxiang Yinjian (+12.1%), Nandu Property (+7.6%), Jingji Zhino (+5.1%), Suzhou Gaoxin (+4.2%), and Shilianhang (+2.9%). The bottom five were Haitai Development (-18.2%), ST Zhongdi (-15.5%), ST Yangguang (-11.7%), Zhongtian Service (-11.0%), and ST Rongkong (-11.0%) [4][7] Data Tracking New Housing Transactions - For the week of December 6-12, new housing transactions in 42 key cities totaled 1.89 million square meters, a 2.4% decrease from the previous week and a 47.5% decrease year-on-year [13] - Cumulatively, from December 1-12, new housing transactions reached 3.25 million square meters, a 19.7% increase month-on-month but a 43.7% decrease year-on-year [17] Second-hand Housing Transactions - For the week of December 6-12, second-hand housing transactions in 21 key cities totaled 1.97 million square meters, a 3.0% increase from the previous week but a 32.3% decrease year-on-year [28] - Cumulatively, from December 1-12, second-hand housing transactions reached 3.56 million square meters, a 9.2% increase month-on-month but a 36.3% decrease year-on-year [32] Industry News - The Central Economic Work Conference has outlined measures to stabilize the real estate market, including city-specific policies to control supply, reduce inventory, and encourage the acquisition of existing properties for affordable housing [45] - Specific initiatives include the full online processing of land use rights and property ownership registrations in Beijing, new housing purchase subsidies in Ningxia, and the introduction of a national standard for "good housing" construction in Qingdao [45]

Core Insights - The top three companies by stockholding ratio in the Hong Kong Stock Connect are China Telecom (00728) at 72.27%, Green Power Environmental (01330) at 70.08%, and Da Zhong Public Utilities (01635) at 69.75% [1][2] Group 1: Stockholding Ratios - China Telecom (00728) has a stockholding ratio of 72.27% with 10.031 billion shares held [2] - Green Power Environmental (01330) has a stockholding ratio of 70.08% with 283 million shares held [2] - Da Zhong Public Utilities (01635) has a stockholding ratio of 69.75% with 372 million shares held [2] Group 2: Recent Increases in Holdings - Xiaomi Group-W (01810) saw an increase of 4.592 billion yuan in holdings, with a change of 11.139 million shares [2] - Meituan-W (03690) experienced an increase of 4.116 billion yuan in holdings, with a change of 4.063 million shares [2] - Beike-W (02423) had an increase of 1.644 billion yuan in holdings, with a change of 3.873 million shares [2] Group 3: Recent Decreases in Holdings - Alibaba-W (09988) experienced a decrease of 3.329 billion yuan in holdings, with a change of -2.280 million shares [3] - Tencent Holdings (00700) saw a decrease of 1.883 billion yuan in holdings, with a change of -311,300 shares [3] - Hua Hong Semiconductor (01347) had a decrease of 1.456 billion yuan in holdings, with a change of -2.134 million shares [3]

Core Viewpoint - Beijing's housing market is facing scrutiny as multiple internet platforms are being urged to address the spread of misinformation and market panic related to real estate [1] Group 1: Regulatory Actions - Beijing's housing authority has conducted joint discussions with platforms like Douyin, Xiaohongshu, Beike, 58.com, Xianyu, Lianjia, Wo Ai Wo Jia, and Maidian to strengthen online governance in the real estate sector [1] - The meeting highlighted issues with self-media accounts disseminating negative narratives about Beijing's housing market, which disrupt market order [1] Group 2: Compliance Measures - As of December 12, under the supervision of relevant authorities, platforms have collectively self-checked and cleared over 17,000 pieces of illegal and harmful information [1] - More than 2,300 accounts and live streams that amplified market fluctuations and spread false content have been removed [1] - Lianjia, Wo Ai Wo Jia, and Maidian have screened over 1.3 million online housing listings, resulting in the removal of over 480 non-compliant listings [1]

Core Insights - Multiple internet platforms, including Douyin and Xiaohongshu, were summoned by Beijing's housing authority to address issues related to the dissemination of false information and market panic in the real estate sector [1] Group 1: Regulatory Actions - Beijing's housing authority conducted a joint meeting with various departments to strengthen online ecosystem governance and curb irregularities in the real estate market [1] - The meeting highlighted that certain self-media accounts were spreading negative narratives about Beijing's housing market, creating panic and disseminating false information [1] - Platforms were instructed to conduct comprehensive self-checks, promptly remove illegal information, and establish a regular internal review mechanism for industry content [1] Group 2: Compliance and Cleanup Efforts - As of December 12, under the supervision of relevant authorities, platforms like 58.com, Douyin, Xiaohongshu, and others have collectively cleaned up over 17,000 pieces of illegal and harmful information [1] - More than 2,300 accounts and live streams that amplified market fluctuations and spread anxiety were removed, including those associated with misleading real estate content [1] - Companies like Lianjia, Wo Ai Wo Jia, and Maidian screened over 1.3 million online property listings, resulting in the removal of over 480 non-compliant listings [1]

Core Points - The article discusses the joint meeting held on December 5 by the Beijing Municipal Housing and Urban-Rural Development Committee, the Municipal Cyberspace Administration, and the Public Security Bureau to address online chaos in the real estate sector [1][2] - The meeting highlighted issues with self-media accounts spreading negative information about the Beijing real estate market, creating panic, and disseminating false information and misleading listings [1] - A total of over 17,000 pieces of illegal and harmful information were cleaned up by platforms such as 58.com, Douyin, Xiaohongshu, and others, along with the removal of over 2,300 accounts and live streams that contributed to market volatility [1] Summary by Sections Regulatory Actions - The meeting called for immediate self-inspection by platforms to remove illegal information and handle non-compliant accounts [1] - A total of 130,000 online property listings were screened by Lianjia, Wo Ai Wo Jia, and Maidian, resulting in the removal of over 480 non-compliant listings [1] Future Measures - Relevant departments will continue to strengthen collaboration and maintain a "zero tolerance" approach towards online chaos disrupting the real estate market [2] - Platforms that fail to rectify issues and continue to infringe on public interests will face strict legal consequences [2]

海风和煦聚力，安居惠民暖心。12月17日，中国银行青岛市分行（以下简称"青岛中行"）与青岛贝壳全 面战略合作启动仪式顺利举行，双方以银企协同为纽带，深度整合金融资源与居住服务场景，创新构 建"金融+居住"服务生态，精准对接岛城居民安居置业需求，为青岛房地产市场平稳健康发展注入坚实 动力，助力宜居宜业现代化国际大都市建设提质增效。 仪式现场，银企双方共同发布"2025—2026年合作项目与客户专属权益"，一系列精准惠民的服务举措落 地见效。值得关注的是，双方联合打造的贝壳签约中心"外币零钱包预约"公益服务同步揭牌，该中心立 足青岛国际性综合交通枢纽与滨海旅游城市定位，为居民及游客提供便捷外币兑换服务，成为银企协同 惠民的首个成果。 银企协同聚合力，民生答卷暖人心。此次战略合作既是青岛中行与青岛贝壳优势互补、生态共建的新起 点，更是银企联动赋能楼市稳健发展、护航民生福祉的新实践。未来，双方将持续深耕青岛本土市场， 紧扣城市发展战略，迭代优化"金融+居住"服务模式，以精准服务呼应居民安居期盼，以协同效能助力 房地产行业高质量发展，为青岛建设现代化国际大都市、绘就宜居幸福城市新图景贡献坚实力量。（韩 通川） 青岛兼具 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2025年12月17日 第 2 頁 共 9 頁 v 1.3.0 | 13). | 購回股份(或其他證券)但沒有註銷 | | 520,713 | % | USD | 5.7613 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年11月26日 | | | | | | 14). | 購回股份(或其他證券)但沒有註銷 | | 519,966 | % | USD | 5.7627 | | | 變動日期 | 2025年11月28日 | | | | | | 15). | 購回股份(或其他證券)但沒有註銷 | | 537,456 | % | USD | 5.5601 | | | 變動日期 | 2025年12月1日 | | | | | | 16). | 購回股份(或其他證券)但沒有註銷 | | 542,613 | % | USD | 5.5285 | | | 變動日期 | ...