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]

Core Viewpoint - The company, Fenbi (02469.HK), intends to repurchase shares worth up to HKD 200 million in the open market over a six-month period, reflecting confidence in its business outlook and aiming to enhance shareholder returns [1] Group 1: Share Repurchase Plan - The board plans to buy back a total of up to approximately 223 million shares, which represents about 10% of the total shares issued as of the annual general meeting date [1] - The share repurchase will depend on market conditions and the company's financial arrangements [1] Group 2: Financial Health - The company currently has a stable cash flow and overall financial condition, which can support its ongoing business development needs [1] - The board believes that the shares traded in the market are undervalued, and the buyback will benefit the company and create value for shareholders [1]

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]

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]