Core Insights - The leading company in the domestic vocational education sector, Fenbi (02469), announced a significant milestone with its AI exam preparation system achieving over 42,000 sales as of October 29, reflecting a more than 100% month-on-month growth, showcasing the strong market appeal of its AI education products [1] - Since 2020, Fenbi's AI applications have served over 15 million users, with more than 1.5 million paying users, indicating rapid growth in scale [1] Group 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 preparation solutions [5] - Fenbi's AI is entering a phase of large-scale application, having launched multiple intelligent preparation products this year, including AI exam preparation systems for civil service and public institutions, AI smart speakers, and AI interview evaluation systems [5] - As of October 2025, Fenbi's AI interview evaluation has assisted 320,000 users with 4.32 million interview evaluations, receiving positive feedback from users [5] Group 2 - Based on positive market feedback, Fenbi announced the upcoming launch of AI products for state-owned enterprises and central enterprises, as well as internal development of AI job-seeking products and AI interactive foreign language learning products [5] - The application of AI technology in broader workplace coaching scenarios is expected to open new growth opportunities for Fenbi [5]

Core Insights - The company Fenbi (02469) is launching a new AI product for interview preparation aimed at candidates preparing for state-owned enterprises and central enterprises, enhancing its career education ecosystem from exam preparation to job interview coaching [1][3] Group 1: Market Context - The number of college graduates in China is projected to reach 12.22 million by 2025, an increase of 430,000 year-on-year, marking a historical high [3] - State-owned enterprises have become the preferred employment direction for fresh graduates, with approximately 1 million job openings annually, 80% of which are targeted at new graduates, indicating a potential user base exceeding 4 million [3] - There is a noticeable increase in demand for structured and professional coaching services, extending from exam preparation to interview preparation [3] Group 2: Product Features - The new AI product leverages a vast database of past interview questions from state-owned enterprises, creating an online interactive system that simulates real interview scenarios [4] - It aims to address the pain points of traditional interview coaching, such as high costs and low practice frequency, by providing a 1:1 simulation of the interview process [4] - The product offers in-depth analysis based on key assessment dimensions for state-owned enterprise interviews, such as political stance and logical expression, while providing tailored suggestions based on individual responses [4] Group 3: Business Expansion - The state-owned enterprise interview AI product is the sixth intelligent preparation product launched by Fenbi in 2025, following other successful AI systems [5] - Since 2020, Fenbi's AI applications have served over 15 million users, demonstrating the company's ability to effectively reduce marginal development costs and enhance product implementation efficiency [5] - The continuous expansion of AI interview scenarios suggests that Fenbi is advancing in the career development sector, with plans to launch additional AI products for social recruitment and interactive foreign language learning [5]

Core Viewpoint - The company, Fenbi (2469.HK), experienced a significant increase in stock price, rising by 4.56% to HKD 2.98, following announcements from key stakeholders regarding their commitment to the company's long-term value and investor interests [1] Group 1: Shareholder Commitments - The chairman, CEO, and major shareholder Zhang Xiaolong, along with executive director and major shareholder Wei Liang, issued letters of commitment stating they will not sell any shares they own directly or indirectly for a period of 24 months starting from October 20, 2025 [1] - This commitment reflects their confidence in the company's long-term growth potential and aims to protect investor interests [1] Group 2: Recent Share Purchases - On October 17, 2025, Zhang Xiaolong purchased 810,000 shares at an average price of approximately HKD 2.973 per share, totaling around HKD 2.408 million [1] - The company interprets this share purchase as a strong indication of Zhang's confidence in the company's overall development prospects and growth potential [1] Group 3: Management Confidence - Senior management has expressed strong confidence in the company's business development and plans to potentially increase their equity stakes in the future [1]

Core Viewpoint - The stock of Fenbi (02469.HK) experienced a significant increase, rising over 4% in the afternoon trading session, with a current increase of 3.51%, priced at 2.95 HKD, and a trading volume of 95.5014 million HKD [1] Group 1 - Fenbi's stock price rose over 4% in the afternoon session [1] - As of the report, the stock is up 3.51% at 2.95 HKD [1] - The trading volume reached 95.5014 million HKD [1]

Core Viewpoint - The news highlights the positive market response to the recent developments in the civil service examination recruitment process, particularly benefiting the company Fenbi, which offers AI-based exam preparation solutions [1] Group 1: Company Performance - Fenbi's stock price increased by over 4%, reaching 2.95 HKD with a trading volume of 95.5 million HKD [1] - The launch of the AI-based exam preparation system has led to a significant surge in sales, with over 14,000 units sold in a single day following the announcement of the civil service exam registration [1] Group 2: Industry Trends - The 2026 national civil service examination plans to recruit 38,119 candidates, a decrease from 39,721 last year, but the relaxation of age requirements is expected to boost registration numbers [1] - The trend towards AI-driven, efficient, and personalized exam preparation solutions is becoming mainstream among students, as evidenced by the popularity of Fenbi's AI brush question system [1]

Core Viewpoint - The news highlights the positive market response to Fenbi's AI-based exam preparation system following the announcement of the 2026 National Examination recruitment details, indicating a growing trend towards AI-driven educational solutions in the industry [1] Group 1: Market Performance - Fenbi's stock rose over 4% in the afternoon session, with a current increase of 3.51%, trading at HKD 2.95, with a transaction volume of HKD 95.5 million [1] Group 2: National Examination Recruitment - The 2026 National Examination registration has commenced, with a planned recruitment of 38,119 positions, a decrease from 39,721 positions last year [1] - The age requirement for applicants has been relaxed, allowing those under 38 to apply, and extending the age limit for recent master's and doctoral graduates to under 43 [1] Group 3: Impact on Training Demand - According to Xinda Securities, the relaxation of age requirements is expected to sustain an increase in registration numbers, while the slight decrease in recruitment positions is not anticipated to dampen public examination enthusiasm, potentially stimulating training demand [1] Group 4: AI-Based Preparation System - Following the announcement of the national examination registration, Fenbi's AI exam preparation system saw a significant market reaction, with single-day sales exceeding 14,000 orders [1] - Fenbi's AI exam preparation system, launched in April this year, is based on the company's self-developed domain-specific large model and has received positive feedback from students, positioning it as a leading AI-driven course product in the industry [1]

Core Viewpoint - The company has received commitment letters from its major shareholders, indicating their confidence in the company's long-term value and their intention to protect investor interests by not selling their shares for a specified period [1] Group 1 - The commitment letters were issued by Zhang Xiaolong, the Chairman, Executive Director, CEO, and major shareholder, and Wei Liang, the Executive Director, President, CTO, and major shareholder [1] - Both shareholders have voluntarily committed not to sell any of their directly or indirectly owned shares for a period of 24 months starting from October 20, 2025 [1]

Core Viewpoint - The company has received commitment letters from its major shareholders, indicating their confidence in the company's long-term value and their intention to protect investor interests by not selling their shares for a specified period [1] Group 1 - The commitment letters were issued by Zhang Xiaolong, the Chairman, Executive Director, CEO, and major shareholder, and Wei Liang, the Executive Director, President, CTO, and major shareholder [1] - Both shareholders have voluntarily committed to not selling any of their directly or indirectly owned shares for a period of 24 months starting from October 20, 2025 [1]

Core Viewpoint - The company has received commitment letters from major shareholders, indicating their confidence in the company's long-term value and commitment to protecting investor interests [1] Group 1 - The commitment letters were issued by Zhang Xiaolong, the Chairman, Executive Director, CEO, and major shareholder, and Wei Liang, the Executive Director, President, CTO, and major shareholder [1] - Both Zhang Xiaolong and Wei Liang have voluntarily committed not to sell any shares they directly or indirectly own for a period of 24 months starting from October 20, 2025 [1]

主席及主要股東作出自願禁售承諾 粉 筆 有 限 公 司（「本公司」）自 願 作 出 本 公 告。 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 （於開曼群島註冊成立的有限公司） （股份代號：2469） 自願公告 本 公 司 接 獲 分 別 由 本 公 司 董 事 會 主 席、執 行 董 事、首 席 執 行 官 兼 主 要 股 東 張 小 龍先生（「張先生」）及本公司執行董事、總裁、首席技術官兼主要股東魏亮先生（「魏 先 生」）發 出 的 承 諾 函 件（「承諾函件」）。根 據 承 諾 函 件，基 於 對 本 公 司 長 期 價 值 充 滿 信 心 及 為 保 障 投 資 者 利 益，張 先 生 及 魏 先 生 分 別 自 願 承 諾 自2025年10月20日 起 計 為 期 二 十 四 個 月 內，不 會 以 任 何 方 式 出 售 彼 等 直 接 或 間 接 ...