Core Viewpoint - The company, Fenbi (02469), announced that its Chairman, Executive Director, CEO, and major shareholder, Zhang Xiaolong, purchased a total of 1.03 million shares, demonstrating confidence in the company's growth potential and overall development prospects [1]. Summary by Relevant Sections - **Share Purchase Details** - Zhang Xiaolong acquired 230,000 shares on October 28, 2025, for approximately HKD 639,300, averaging HKD 2.779 per share [1] - He also purchased 800,000 shares on October 30, 2025, for about HKD 2,236,900, averaging HKD 2.796 per share [1] - **Management Confidence** - The company interprets these share purchases as a strong indication of Zhang Xiaolong's confidence in the company's future growth and development [1]

Core Viewpoint - The company plans to repurchase shares worth up to HKD 200 million in the open market over the next six months, indicating confidence in its business outlook and aiming to enhance shareholder returns [1] Group 1: Share Repurchase Details - The board intends to buy back a total of up to 223 million shares, which represents 10% of the total shares issued as of the shareholders' annual meeting date [1] - The share repurchase will depend on market conditions and the company's financial arrangements [1] Group 2: Financial Health and Market Perception - The company currently has a stable cash flow and overall financial condition, which supports its ongoing business development needs [1] - The board believes that the shares are undervalued in the market, and the buyback is expected to benefit the company and create value for shareholders [1]

Core Viewpoint - The company, Fenbi (02469), announced that its chairman, executive director, CEO, and major shareholder, Zhang Xiaolong, purchased a total of 1.03 million shares at an average price of approximately HKD 2.779 and HKD 2.796 per share, indicating strong confidence in the company's growth potential and overall development prospects [1]. Group 1 - Zhang Xiaolong acquired 230,000 shares on October 28, 2025, for approximately HKD 639,300, averaging HKD 2.779 per share [1]. - On October 30, 2025, Zhang Xiaolong purchased an additional 800,000 shares for about HKD 2,236,900, averaging HKD 2.796 per share [1]. - The company interprets these share purchases as a sign of Zhang Xiaolong's confidence in the company's future [1].

Core Viewpoint - The company plans to repurchase shares worth up to HKD 200 million in the open market, reflecting confidence in its business outlook and aiming to enhance shareholder returns [1] Group 1: Share Repurchase Details - The share repurchase will occur over a six-month period starting from the date of the announcement [1] - The total number of shares to be repurchased will not exceed 223 million shares, which is approximately 10% of the total shares issued as of the shareholders' annual meeting date [1] Group 2: Financial Health and Market Conditions - The company currently has a stable cash flow and overall financial condition, which supports its ongoing business development needs [1] - The board believes that the shares are undervalued in the market, justifying the repurchase decision [1]

公司现时资金流量稳健，整体财务状况稳定，可满足公司业务持续发展的需求。董事会认为，于市场上 买卖的股份价值被低估。董事会亦认为，股份购回可展示公司对其业务展望及前景充满信心及提高对股 东的回报，从而将使公司受益，并为股东创造价值，符合公司及股东的整体利益。 格隆汇11月3日丨粉笔(02469.HK)发布公告，根据股东于股东周年大会上所授出的一般授权，董事会有 意自本公告日期起的六个月期间于公开市场以不多于2亿港元购回股份，惟须视乎市场状况及公司的资 金安排。股份购回总数将不超过约2.23亿股股份(相当于公司于股东周年大会日期已发行股份(不包括库 存股份(如有))总数10%)。 ...

Core Viewpoint - The company, Fenbi (02469.HK), announced that its Chairman, Executive Director, CEO, and major shareholder, Zhang Xiaolong, purchased a total of 1.03 million shares on October 28 and October 30, 2025, indicating strong confidence in the company's growth potential and overall development prospects [1] Summary by Relevant Sections - **Share Purchase Details** - Zhang Xiaolong acquired 230,000 shares at a total cost of approximately HKD 639,280, averaging HKD 2.779 per share on October 28, 2025 [1] - On October 30, 2025, he purchased an additional 800,000 shares for about HKD 2,236,880, averaging HKD 2.796 per share [1] - **Management Confidence** - The company interprets these share purchases as a strong signal of Zhang's confidence in the company's future growth and development [1]

自願公告 購回股份 粉 筆 有 限 公 司（「本公司」）自 願 作 出 本 公 告。 根 據 本 公 司 股 東（「股 東」）於2025年6月27日 舉 行 的 本 公 司 股 東 週 年 大 會（「股東週 年大會」）上 所 授 出 購 回 本 公 司 股 份（「股 份」）的 一 般 授 權，本 公 司 董 事（「董 事」）會 （「董事會」）有 意 自 本 公 告 日 期 起 的 六 個 月 期 間 於 公 開 市 場 以 不 多 於200.0百萬港 元 購 回 股 份（「股份購回」），惟 須 視 乎 市 場 狀 況 及 本 公 司 的 資 金 安 排。股 份 購 回 總 數將不超過223,368,003股 股 份（相 當 於 本 公 司 於 股 東 週 年 大 會 日 期 已 發 行 股 份（不 包 括 庫 存 股 份（如 有））總 數10%）。 本 公 司 現 時 資 金 流 量 穩 健，整 體 財 務 狀 況 穩 定，可 滿 足 本 公 司 業 務 持 續 發 展 的 需求。董事會認為，於市場上買賣的股份價值被低估。董事會亦認為，股份購回 可 展 示 本 公 司 對 其 業 務 展 望 及 前 景 充 ...

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 表 明 概 不 就 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。 Fenbi Ltd. 粉筆有限公司 張先生(a)緊隨增持股份後，擁有合共553,291,000股股份的權益，相當於截至本公 告日期本公司已發行股本總額合共約24.75%，包括(i)340,251,000股 股 份，其 權 益 由 本 公 司 執 行 董 事、總 裁 兼 首 席 技 術 官 魏 亮 先 生 及 李 勇 先 生 共 同 持 有，(ii)張 先 生作為最終實益擁有人持有的213,040,000股股份，以及(b)緊接增持股份前，擁有 合 共552,261,000股股份的權益，相當於截至2025年10月28日本公司已發行股本總 額合共約24.70%，包括(i)340,251,000股 股 份，其 權 益 由 魏 亮 先 生 及 李 勇 先 生 共 同 持有，及(ii)張先生作為最終實益擁有人持有的212,010,000股股份。 根 據 本 公 司 ...

Core Insights - The leading domestic vocational education company, Fenbi (02469.HK), announced a significant milestone with its AI exam preparation system achieving over 42,000 sales as of October 29, representing a more than 100% month-on-month growth [1] - Since 2020, Fenbi's AI applications have served over 15 million users, with more than 1.5 million paying users utilizing various AI products, indicating rapid growth in scale [1] - The recent relaxation of age limits for civil service and public institution exams from 35 to 38 years has created structural growth opportunities in the vocational education market, leading to an urgent demand for efficient exam preparation solutions [1] Company Developments - Fenbi is entering a phase of large-scale application of its AI technology, having launched multiple intelligent exam preparation products within the year, including AI exam preparation systems for civil service and public institution exams, AI smart speakers, and AI interview evaluation systems [1] - As of October 2025, Fenbi's AI interview evaluation system has assisted 320,000 users with 4.32 million interview evaluations, receiving positive feedback from users [1] - Based on positive market feedback, Fenbi announced the upcoming launch of AI products for state-owned and central enterprises' interviews, as well as social recruitment AI job-seeking products and AI interactive foreign language learning products currently in internal incubation [1]

Group 1 - The core point of the article highlights the significant growth and market appeal of Fenbi's AI education products, with the AI test preparation system achieving over 42,000 sales, marking a more than 100% month-on-month increase [1] - Since 2020, Fenbi's AI applications have served over 15 million users, with more than 1.5 million paying users, indicating rapid scale growth [1] Group 2 - The recent relaxation of age limits for civil service and public institution exams from 35 to 38 years has created structural growth opportunities in the vocational education market, leading to an urgent demand for efficient preparation solutions [4] - Fenbi's AI is entering a phase of large-scale application, having launched multiple intelligent preparation products this year, including various AI test preparation systems and interview evaluation systems, demonstrating business synergy [4] - By October 2025, Fenbi's public examination AI interview evaluation has assisted 320,000 users with 4.32 million evaluations, receiving positive feedback from users [4] - Based on positive market feedback, Fenbi plans to launch AI products for state-owned enterprises and social recruitment, as well as AI interactive foreign language learning products currently in internal development, which may open new growth avenues [4]