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 。 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10月13日 | 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 | 已發行股份（不包括庫存股份）數 目 | ...

Core Viewpoint - The company Beike is implementing a "compensation for disturbance" policy in response to consumer concerns about intrusive telemarketing in the real estate brokerage sector, aiming to enhance service quality and protect personal information [1][2][4]. Group 1: Policy Implementation - Starting in 2024, Beike will enforce a "100 yuan compensation for unsolicited calls" policy, prohibiting agents from making marketing calls without consumer consent [1][2]. - The policy has been launched in cities such as Wuhan, Xi'an, Chengdu, Shenzhen, and Hangzhou, covering nearly 5,000 stores and 70,000 agents [1][2]. - The initiative has been integrated into Beike and Lianjia apps, allowing users to report violations easily, thus increasing transparency and user engagement [2]. Group 2: Industry Response and Support - Local authorities and industry associations have shown support for the initiative, recognizing it as a positive response to consumer pain points and a demonstration of corporate responsibility [3]. - The initiative has set a good example for other real estate agencies, encouraging broader participation to enhance service quality across the industry [3]. Group 3: Execution and Impact - Beike has established strict internal monitoring and rapid response processes to ensure effective execution of the compensation policy, achieving a 100% fulfillment rate for complaints [4]. - The policy has shifted the industry's marketing approach from aggressive outreach to a model based on trust and respect for customer preferences, enhancing the professional sense of agents and customer experience [4][5]. - Beike plans to expand the initiative to additional cities, including Zhengzhou, Jinan, Shenyang, Dalian, and Kunming, aiming for widespread adoption within the industry [4]. Group 4: Strategic Upgrade - The "compensation for disturbance" policy is part of Beike's broader strategic upgrade, which includes a comprehensive service guarantee system that emphasizes real source authenticity, transaction security, and privacy protection [5]. - The initiative is seen as a critical component of Beike's commitment to consumer welfare and a step towards fostering positive interactions among users, platforms, and practitioners in the real estate sector [5].

Core Insights - The event "Good Partners for Property Enterprises" aims to enhance collaboration between property management companies and service providers, promoting brand influence and financing success [1] - The "Fenglin" brand by Beike is designed to address challenges in the property rental and sales market, focusing on professional empowerment and deep collaboration [3][5] - The "Linan" brand, launched by Beike, has successfully partnered with over 20 property companies and achieved significant revenue milestones within a year [5][6] Group 1 - The event is organized by the Guangdong Provincial Property Association and aims to facilitate efficient connections between service providers and property enterprises [1] - The "Fenglin" brand addresses issues such as information fragmentation and resource loss that hinder property companies from maximizing rental and sales services [3][8] - The partnership model of "Fenglin" includes seven core commitments to enhance property companies' revenue and operational efficiency [10] Group 2 - The collaboration model emphasizes simplicity and efficiency, with Beike providing experienced agents to property companies while ensuring clear revenue sharing [14] - The revenue distribution model allows property companies to earn 7% of the total transaction amount, while the platform retains 10% and the operational team shares 83% [14] - The future of community services will significantly impact the competitive edge and value of property enterprises, with rental services being a crucial link between high-frequency owner demands and quality services [14]

Group 1 - The article highlights a significant market downturn on October 10, attributed to President Trump's announcement of a 100% tariff on Chinese imports, leading to a sharp decline in major U.S. indices such as the Nasdaq and S&P 500, which fell by 3.56% and 2.71% respectively, marking their largest single-day drop since April 10 [1][15] - The VIX index, a measure of market volatility, surged over 31%, indicating heightened investor fear and uncertainty in the market [1] - Major technology stocks experienced substantial losses, with the "Big Seven" tech index dropping 3.65%, and individual stocks like Amazon and Tesla falling over 5% [15] Group 2 - The article discusses the implications of Trump's tariff announcement, which is set to take effect on November 1, 2025, as a response to stricter export controls on rare earth minerals by other countries [18] - Current tariffs on some Chinese goods are nearing 145%, although these have been temporarily suspended until November 10 while broader trade negotiations are ongoing [19] - Additional tariffs on kitchen cabinets and wooden products are scheduled to take effect soon, indicating a continued trend of increasing trade barriers [20] Group 3 - The article mentions that Federal Reserve Governor Waller supports further interest rate cuts, citing a weak labor market and the need for cautious policy adjustments [23][24] - Waller emphasizes the importance of aligning labor market recovery with GDP growth, suggesting that either the labor market must improve or GDP growth must slow down, which will influence future policy decisions [25] - The upcoming release of the Consumer Price Index (CPI) on October 24 is noted as a critical event ahead of the Federal Open Market Committee (FOMC) meeting [28][29] Group 4 - The article reports on the initiation of federal employee layoffs by the Trump administration, with a significant reduction of 200,000 federal employees already this year and an expectation of an additional 100,000 by year-end [32] - The ongoing government shutdown is projected to last longer than initially expected, with market participants increasingly anticipating a prolonged period of inactivity [33]

Core Viewpoint - Beike-W (02423.HK) announced a share buyback program, indicating a commitment to returning value to shareholders through repurchasing shares [1] Summary by Relevant Sections Share Buyback Details - On October 9, 2025, Beike-W spent $5 million to repurchase 814,000 shares [1] - On October 8, 2025, Beike-W also spent $5 million to repurchase 815,000 shares [1]

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10月10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 - Beike (BEKE.US) saw a pre-market increase of over 1%, reaching $18.55, amid positive sales data from the top 100 real estate companies in China for the first nine months of 2025, indicating a narrowing decline in sales compared to previous months [1] Industry Summary - According to data from the China Index Academy, the total sales of the top 100 real estate companies amounted to 26,065.9 billion yuan, reflecting a year-on-year decrease of 12.2%, which is a 1.1 percentage point improvement from the decline observed in the first eight months of 2025 [1] - In September alone, the sales of the top 100 real estate companies experienced a month-on-month growth of 11.9%, with 72 out of the 100 companies reporting month-on-month performance increases, and 45 of these companies achieving growth rates exceeding 30% [1] - Guosheng Securities reported that the month-on-month sales increase in September was primarily driven by seasonal factors, the relaxation of purchase restrictions in core cities, and the introduction of new products by real estate companies [1] - The firm maintains an "overweight" rating for the industry, suggesting that 2025 will continue to be dominated by policy-driven factors, with a positive outlook for Beike in the intermediary sector [1]

Core Viewpoint - Beike-W (02423.HK) announced a share buyback plan, intending to repurchase 815,000 shares at a cost of $5 million by October 8, 2025 [1] Summary by Category Company Actions - The company plans to execute a share buyback of 815,000 shares [1] - The total expenditure for this buyback is set at $5 million [1] Financial Implications - The buyback reflects the company's strategy to enhance shareholder value [1]

Group 1 - The company, Beike-W (02423), announced a share buyback plan, committing to repurchase 815,100 shares at a total cost of $5 million [1] - The buyback price per share is set between $6.06 and $6.18 [1]

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10月9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 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（ ...