Core Viewpoint - Lingxiong Technology (2436.HK) experienced a significant increase of over 31%, reaching a peak of 10 HKD, marking a new high since September 2023. This surge is linked to the first New Leasing and New Economy Conference held on December 25, which focused on the core values of the new leasing economy in supporting small and medium-sized enterprises (SMEs) [1]. Group 1: Industry Insights - The conference emphasized the theme of "cultivating new productive forces in the service industry to assist SMEs in light asset operations," highlighting the importance of the new leasing economy driven by technology, resource efficiency, and green cycles [1]. - Two key group standards were released during the conference: "IT Equipment Leasing Service and Process Specifications" and "IT Equipment Leasing Service Quality Evaluation," which aim to enhance service quality in the leasing sector [1]. - A signing ceremony for the "DaaS Service Empowering SMEs Pilot" was held, alongside an exhibition showcasing solutions for light asset operations for SMEs [1]. Group 2: Company Positioning - Lingxiong Technology's long-term focus on the DaaS model exemplifies a representative case of the new leasing economy, providing a digital closed-loop service for the entire lifecycle of IT equipment [1]. - The company's standardized and platform-based operations effectively enhance equipment turnover efficiency and usage value, making it a reliable choice for SMEs seeking light asset and high-efficiency operations [1].

Group 1 - The core viewpoint of the article highlights that Lingxiong Technology (02436) has seen its stock price increase by over 31%, doubling in value over the past two days, currently trading at 10 HKD [1] - The chairman of Lingxiong Technology, Hu Zuoxiong, stated that the DaaS market penetration rate in China is expected to reach a turning point within the next five years, positioning Lingxiong Technology as a leading player in the DaaS industry [1] - Lingxiong Technology aims to maintain strategic focus by converting positive market factors into growth opportunities, driving operational efficiency, and achieving multi-dimensional business growth to promote high-quality development [1] Group 2 - As a leading enterprise in the DaaS sector, Lingxiong Technology's core business revolves around IT equipment lifecycle management, establishing a comprehensive service system that includes IT equipment recycling, subscription (leasing), IT technical operations, and device management SaaS [1] - The company has transformed the traditional model of "one-time purchase, one-time use" of IT equipment into a refined management and efficient recycling approach, with a projected subscription volume of 6.176 million devices by 2024 [1]

Core Viewpoint - Lingxiong Technology (2436.HK) experienced a significant increase of over 31%, reaching a peak of 10 HKD, marking a new high since September 2023 [1] Group 1: Event Summary - The first New Leasing and New Economy Conference was held in Beijing on December 25, focusing on the theme of "Cultivating New Quality Productivity in the Service Industry to Support Light Asset Operations for SMEs" [1] - The conference highlighted the core values of the new leasing economy in terms of technology-driven, resource-intensive, and green circular economy [1] - Two key group standards were released: "IT Equipment Leasing Service and Process Specifications" and "IT Equipment Leasing Service Quality Evaluation" [1] Group 2: Industry Insights - The new leasing model aligns closely with the national goal of fostering "new quality productivity," characterized by "high technology, high efficiency, and high quality" [1] - Lingxiong Technology's long-term focus on the DaaS (Device as a Service) model exemplifies the new leasing economy, providing a digital closed-loop service for the entire lifecycle of IT equipment [1] - The standardized and platform-based operations of Lingxiong Technology effectively enhance equipment turnover efficiency and usage value, making it a reliable choice for SMEs to achieve light asset and high-efficiency operations [1]

Group 1 - A total of 85 stocks reached a 52-week high as of January 8, with the top three being Fengzhan Holdings (01826) at 43.68%, Lingxiong Technology (02436) at 29.42%, and Junzhi Group (01300) at 26.83% [1] - Fengzhan Holdings closed at 0.193 and reached a high of 0.250, while Lingxiong Technology closed at 7.610 and reached the same price [1] - Junzhi Group closed at 0.510 with a high of 0.520, indicating strong upward momentum in these stocks [1] Group 2 - Other notable stocks that reached new highs include Yidali Holdings (00720) at 23.40%, Delai Construction (01546) at 20.00%, and Aodima Automotive (08418) at 19.72% [1] - The list also features companies like Cyberlot International Holdings (01020) and Zhongsheng Beikong Biotechnology (08247), which achieved increases of 12.70% and 11.80% respectively [1] - The overall trend indicates a positive market sentiment with many stocks showing significant gains [1] Group 3 - The report also highlights stocks that reached 52-week lows, with Zhongshi Min'an Equity (08589) dropping by 21.43% to a low of 0.011 [3] - Other stocks that experienced declines include Bokan Shiyun-B (02592) at -19.44% and China Textile Holdings (03778) at -17.24% [3] - The data suggests a mixed market environment, with some stocks performing poorly while others thrive [3]

FF301 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 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) | 02436 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算 ...

Core Viewpoint - The DaaS (Device as a Service) model is becoming mainstream in China, driven by cost reduction, efficiency improvement, and digital transformation, with significant growth potential in the market [1][2]. Market Penetration - As the leading DaaS provider in China, the company has established a comprehensive service system covering the entire lifecycle of IT devices, with a projected subscription volume of 6.176 million units by 2024 [2]. - The DaaS market in China is expected to grow rapidly, reaching a market size of 138.2 billion yuan by 2026, with a compound annual growth rate (CAGR) of approximately 32% from 2021 to 2026 [2]. - The market penetration rate of DaaS in China is anticipated to increase from around 5% to 10% over the next five years, indicating a significant shift in consumer awareness and preferences towards DaaS services [2]. Demand Drivers - The continuous expansion of enterprises contributes to the fundamental demand for DaaS, supported by a stable regulatory environment following the implementation of the Private Economy Promotion Law in 2025 [3]. - Companies increasingly seek to reduce costs and adopt asset-light strategies, with DaaS enabling a shift from capital expenditure to controllable operational expenses [3]. - The DaaS model can reduce initial investment by 97.4% and lower operational costs by 10% to 30% within three years [3]. Business Fundamentals - The company has been in the DaaS industry for over 20 years, evolving from second-hand computer wholesale to becoming the largest enterprise-level DaaS provider in China [4]. - Revenue growth from 1.33 billion yuan in 2021 to 2.372 billion yuan in 2024 reflects a compound annual growth rate exceeding 20%, maintaining the top position in the industry [4]. - Key components of the company's business model include a closed-loop DaaS ecosystem, a robust recycling and refurbishment supply chain, and a leading intelligent risk control system [4]. Strategic Collaborations - Collaborations with strategic partners like JD.com and Tencent enhance customer acquisition and operational efficiency, contributing to a customer repurchase rate of over 90% [5]. - The company emphasizes quality growth over aggressive expansion, maintaining a balance around the breakeven point while investing in capital to acquire more devices [5]. Digital Transformation and Innovation - The company has been undergoing digital transformation since 2018, achieving seamless information flow across its operations and leveraging AI technology to enhance operational efficiency and customer service [6]. - The introduction of a smart "total warehouse + front warehouse" model in 2021 has improved product delivery and service responsiveness nationwide [6]. Environmental Contribution - The DaaS model inherently supports sustainability, with the company contributing a net carbon reduction of over 83,700 tons in 2024 through device recycling and refurbishment [7]. - Extending the lifespan of IT devices through remanufacturing significantly reduces the demand for new production, which is crucial for minimizing carbon emissions during the production phase [7]. - The company plans to continue investing in green technology and expanding DaaS services to create both commercial and social value, aligning ESG principles with its development strategy [7].

凌雄科技(02436)发布公告，李靖先生(李先生)已提呈辞任公司非执行董事及附属公司董事，以便投入更 多时间处理其他个人事务，自2025年12月31日起生效。李先生辞任后，将不会在集团担任任何其他职 位。陈双女士(陈女士)已获委任为执行董事，自2025年12月31日起生效。 ...

智通财经APP讯，凌雄科技(02436)发布公告，李靖先生(李先生)已提呈辞任公司非执行董事及附属公司 董事，以便投入更多时间处理其他个人事务，自2025年12月31日起生效。李先生辞任后，将不会在集团 担任任何其他职位。陈双女士(陈女士)已获委任为执行董事，自2025年12月31日起生效。 ...

进一步宣布，陈双已获委任为执行董事，自2025年12月31日起生效。 格隆汇12月31日丨凌雄科技(02436.HK)宣布，李靖已提呈辞任公司非执行董事及附属公司董事，以便投 入更多时间处理其他个人事务，自2025年12月31日起生效。李靖辞任后，将不会在集团担任任何其他职 位。 ...

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，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 LX Technology Group Limited 凌雄科技集團有限公司 （於開曼群島註冊成立的有限公司） 獨立非執行董事 徐乃玲女士 姚正旺先生 鄒盛和先生 董事會設立三個委員會。下表提供各董事會成員於該等委員會中所擔任的職位： | | 委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董事 | | | | | | 胡祚雄先生 | | | 成員 | 主席 | | 陳修偉先生 | | | | | | 曹維軍先生 | | | | | | 陳雙女士 | | | | | | 徐乃玲女士 | | 成員 | 成員 | 成員 | | 姚正旺先生 | | 成員 | 主席 | 成員 | | 鄒盛和先生 | | 主席 | | | （股份代號：2436） 董事名單及其角色和職能 凌雄科技集團有限公司（「本公司」）董事會（「董事會」）成員載列如 ...