Financial Performance - Total revenue for the fiscal year 2025 was RMB 1,992,648,000, a decrease of 33.2% compared to RMB 2,982,719,000 in 2024[3] - Gross profit for 2025 was RMB 154,311,000, down 28.2% from RMB 214,803,000 in 2024[3] - Net profit for the year was RMB 3,026,000, a significant decline of 95.6% from RMB 69,211,000 in 2024[3] - Basic and diluted earnings per share for 2025 were RMB 0.65, compared to RMB 8.88 in 2024, reflecting a decrease of 92.7%[3] - The company reported a goodwill impairment loss of RMB 18,099,000 in 2025, with no such loss reported in 2024[3] - The company reported a net loss of RMB 6,821,000 for 2025, improving from a net loss of RMB 9,767,000 in 2024[21] - The group's gross profit for the fiscal year 2025 was approximately RMB 154.3 million, a decrease of about 28.2% compared to RMB 214.8 million in fiscal year 2024[40] - The group recorded a net profit of approximately RMB 3.0 million for fiscal year 2025, a decrease of about 95.6% from RMB 69.2 million in fiscal year 2024[46] Revenue Breakdown - Revenue from end-to-end cross-border delivery services decreased to RMB 982,970,000 in 2025 from RMB 1,374,191,000 in 2024, representing a decline of 28.5%[12] - Revenue from freight forwarding services fell to RMB 404,568,000 in 2025, down 32.5% from RMB 599,766,000 in 2024[12] - Revenue from other logistics services decreased to RMB 605,110,000 in 2025, a decline of 39.9% compared to RMB 1,008,762,000 in 2024[12] - Revenue from mainland China accounted for RMB 1,596,489,000 in 2025, down 45.0% from RMB 2,903,620,000 in 2024[17] - The end-to-end cross-border delivery service revenue for 2025 was approximately RMB 983.0 million, accounting for about 49.33% of total revenue[35] - The freight forwarding service revenue for 2025 was approximately RMB 404.6 million, representing about 20.30% of total revenue[35] - Other logistics services revenue for 2025 reached approximately RMB 605.1 million, making up about 30.37% of total revenue[35] Assets and Liabilities - Total assets decreased to RMB 1,312,425,000 in 2025 from RMB 1,531,560,000 in 2024, a decline of 14.3%[4] - Non-current assets decreased to RMB 251,828,000 in 2025 from RMB 190,771,000 in 2024, an increase of 32.1%[4] - Trade receivables decreased to RMB 608,647,000 in 2025 from RMB 696,121,000 in 2024, reflecting a decline of 12.6%[27] - As of December 31, 2025, the group's trade receivables and bills receivable amounted to RMB 557.2 million, a decrease of 15.6% from RMB 660.4 million as of December 31, 2024[47] - The group's capital-to-debt ratio as of December 31, 2025, was approximately 81.3%, down from 120.0% as of December 31, 2024, primarily due to a reduction in bank borrowings[50] Cash Flow and Financing - The company's cash and cash equivalents increased to RMB 551,157,000 in 2025 from RMB 448,633,000 in 2024, an increase of 22.9%[4] - The company incurred financing costs of RMB 18,383,000 in 2025, a decrease from RMB 19,354,000 in 2024[22] - The company expects sufficient operating funds to meet future operational capital, capital expenditures, and other cash needs[49] Strategic Plans and Market Outlook - The company plans to continue focusing on end-to-end cross-border delivery services and logistics solutions to drive future growth[6] - The company plans to acquire 51% stakes in COPE Services Incorporated and Hyperlining LLC to enhance logistics infrastructure in North America[36] - The company has implemented strategies to optimize logistics routes and expand into emerging markets to mitigate the impact of U.S. tariff policy changes[34] - The market outlook indicates that advancements in logistics technologies such as automation, data analytics, and artificial intelligence are expected to enhance supply chain efficiency, despite a forecasted slowdown in overall growth[54] - The market size of China's cross-border e-commerce logistics is projected to grow from RMB 1.9 trillion in 2019 to RMB 4.0 trillion by 2024, with a compound annual growth rate (CAGR) of 16.1%[55] Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and has complied with most of the recommended best practices[70] - The audit committee reviewed the consolidated financial statements for the fiscal year 2025, confirming compliance with applicable accounting standards[72] - The company maintained sufficient public float as of December 31, 2025, in accordance with listing rules[76] - The environmental, social, and governance report for the fiscal year 2025 will be published by April 30, 2026[78] Employee and Shareholder Information - As of December 31, 2025, the total number of employees was 453, down from 477 the previous year[67] - The company did not declare any dividends for the fiscal year ending December 31, 2025, consistent with 2024[24] - No final dividend is recommended for the fiscal year 2025, consistent with the previous fiscal year[68] - The company adopted a share incentive plan on April 9, 2025, allowing for the issuance of up to 78,000,000 shares, representing approximately 10% of the issued share capital at the adoption date[69]

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 因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 （於開曼群島註冊成立的有限公司） （股份代號：2516） 進一步延遲寄發通函 主要交易 茲提述(i)泛遠國際控股集團有限公司（「本公司」）日期為2026年1月20日的公告， 內容有關收購目標公司及認購其中一間目標公司新發行的股份（「該公告」）；及(ii) 本公司日期為2026年2月20日的公告，內容有關延遲寄發通函（「延遲公告」）。 除另有指明者外，本公告所用詞彙與該公告所界定者具有相同涵義。 按延遲公告所載，由於需要更多時間落實通函的資料，預計通函寄發予股東的 日期將延遲至2026年3月27日或之前的日期。 由於需要更多時間落實相關資料以載入通函及考慮到所涉及的運輸事宜，預 計通函將進一步推遲至2026年4月24日或之前的日期寄發。 FAR International Holdings Group Company Limited 泛遠國際控股集團有限公司 泛遠國際控股集團有限公司 主席兼執 ...

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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 泛遠國際控股集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2516） 董事會會議通告 泛遠國際控股集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事 （「董事」）會（「董事會」）謹此宣佈，董事會會議將於2026年3月27日（星期五）舉 行，藉以（其中包括）考慮及批准本集團截至2025年12月31日止年度的全年業績 及其發佈，並考慮建議派發末期股息（如有）。 承董事會命 泛遠國際控股集團有限公司 主席兼執行董事 FAR International Holdings Group Company Limited 王泉 香港，2026年3月17日 於本公告日期，執行董事為王泉先生、楊志龍先生、張光陽先生及師迪特先生；非執行董事 為裔韻女士及姚沈杰先生；及獨立非執行董事為葉星月先生、任天干先生及汪姣飛女士。 ...

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 因倚賴該等內容而引致的任何損失承擔任何責任。 FAR International Holdings Group Company Limited 泛遠國際控股集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2516） 盈利預警 本公告乃由泛遠國際控股集團有限公司（「本公司」，連同其附屬公司，統稱「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a) 條及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定義見 上市規則）而作出。 – 1 – 本公告所載資料僅為董事會根據現時可得資料及本公司2025年度的未經審核綜 合管理賬目作出的初步評估，並未經本公司核數師審閱或本公司審核委員會 確認。因此，本集團2025年度的實際業績可能會有別於本公告所載的資料。股 東及有意投資者應參閱本集團2025年度的年度業績公告以了解本集團表現之詳 情，該公告預期將於2026年3月底前刊登。 股東及有意投資者於 ...

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 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 泛遠國際控股集團有限公司 呈交日期: 2026年3月2日 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 02516 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 936,000,000 0 936,000,000 增加 / 減少 (-) 0 0 本月底結存 936,000,000 0 936,000,000 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下方） | | 未符合適用的公眾持股量要求（見下方） | | 根據《主板上市規則》第13.32B條或 ...

Core Viewpoint - The Hong Kong stock market continues to experience volatility amid macroeconomic uncertainties, but a significant trend of share buybacks led by technology giants is emerging, providing a stabilizing force for core assets in the market [1] Group 1: Data Insights on Buyback Trends - From 2025 to early 2026, the Hong Kong stock market has seen a concentrated wave of buybacks, primarily driven by technology giants. In 2025, Tencent Holdings topped the buyback list with a total of HKD 800.36 billion, conducting 130 buybacks throughout the year [2] - As of February 21, 2026, the total buyback amount in the Hong Kong market exceeded HKD 254 billion, with Tencent leading at HKD 63.58 billion, followed by ZTO Express and Xiaomi with HKD 41.03 billion and HKD 35.32 billion respectively [2] Group 2: Analysis of Buyback Logic - Buybacks serve as a multi-faceted support for stock prices in a volatile market. They act as a "signal tower" for valuation repair, indicating management's confidence when stock prices misalign with intrinsic value [3] - Compared to dividends, buybacks can enhance shareholder returns by reducing the number of shares outstanding, thus increasing earnings per share and return on equity. The Hong Kong Stock Exchange's reforms have increased the flexibility of buyback operations [3] - Leading companies often utilize idle cash for buybacks, providing a source of incremental funds that supports stock prices, especially during periods of tight external liquidity [3] Group 3: Focus on ETF 025167 - The 汇添富恒生港股通中国科技ETF联接C (025167) is well-positioned to capture the buyback trend, as it tracks the Hang Seng Hong Kong Stock Connect China Technology Index, which includes major players like Tencent and Xiaomi [4] - This ETF's high-weight coverage enhances its appeal by providing natural support during market downturns and accelerating valuation recovery when market sentiment improves [4][5]

Group 1 - The core idea of the article emphasizes the "Matthew Effect" in the technology sector, where leading companies strengthen their market position through technological barriers, user loyalty, scale effects, and capital advantages, leading to a "winner-takes-all" scenario [1] - Institutional funds tend to concentrate on core assets with certainty premiums rather than diversifying investments, driven by the stronger risk resistance of leading companies, liquidity needs, and the pronounced moat effect in the technology industry [1] - The "Hong Kong Stock M7" refers to seven representative technology leaders in the Hong Kong market, including Tencent, Alibaba, Xiaomi, Meituan, SMIC, BYD, and Lenovo, which cover key technology sectors [2][3] Group 2 - The index tracking the "Hong Kong Stock M7" has a weight distribution where the top six companies account for 60.43% of the total index weight, reflecting a focus on pure information technology [3] - High concentration in investment tools leads to a trade-off, sacrificing coverage of potential "dark horses" for higher aggressiveness during favorable industry trends [4] - Leading companies benefit from multiple positive feedback loops during industry upcycles, resulting in a multiplier effect on index performance when they are all in a favorable cycle [5][6] Group 3 - Historical performance shows that the index tracking the "Hong Kong Stock M7" outperforms more diversified indices during technology stock upcycles due to the concentrated investment in leading companies [7] - The design of the index, with a maximum weight of 12% for individual stocks, aligns with the "Matthew Effect" and the trend of institutional funds concentrating on leading companies [8] - The investment strategy allows investors to indirectly hold a portfolio of "Hong Kong Stock M7" with a low entry threshold, sharing in the benefits of the technology industry's evolution [8]

Core Viewpoint - The article discusses the challenges investors face in identifying true technology investments within Hong Kong's stock market, particularly regarding index funds that may include non-pure technology sectors such as pharmaceuticals and traditional manufacturing [1][2]. Group 1: The "Purity Dilemma" of Technology Investments - Many Hong Kong technology indices include a mix of sectors that dilute the true representation of "technology," leading to confusion for investors seeking exposure to core technology areas like AI and semiconductors [1][2]. - The inclusion of sectors like pharmaceuticals and electric vehicles in technology indices can expose investors to unrelated industry risks, reducing investment certainty and efficiency [2]. Group 2: The "Purification" Approach of 025167 - The Huatai-PineBridge Hang Seng Hong Kong Stock Connect China Technology ETF (025167) employs a strict industry exclusion mechanism to ensure high purity in its technology focus [3]. - The index tracks a selection of sectors closely related to technology, such as electronic components and digital solutions, while explicitly excluding biotechnology, electric vehicles, and traditional manufacturing [3]. Group 3: Strategic Positioning in the "Pure IT Sector" - The 025167 index provides a concentrated exposure to the information technology sector, aligning with global trends in technology capital expenditure, particularly in AI infrastructure [4]. - The index includes major players in both the internet platform and hardware manufacturing sectors, allowing for comprehensive coverage of the capital expenditure transmission chain [4]. Group 4: Conclusion on 025167's Value Proposition - The primary value of the 025167 fund lies in its ability to avoid the style drift associated with broader indices, offering a clear and efficient investment solution for those looking to capitalize on the growth of the Chinese information technology sector [5]. - This fund allows investors to focus on the core components of the digital economy, such as computing power and applications, thereby enhancing their investment strategy [5].

Group 1 - The core viewpoint of the articles highlights a significant divergence in the Hong Kong stock market's technology sector post-Spring Festival, with traditional internet and new energy vehicle stocks facing pressure while emerging sectors like AI models and robotics experience substantial gains [1] - On February 20, traditional internet stocks such as Baidu, Alibaba, and Tencent saw declines of over 6%, 4%, and 2% respectively, while emerging sectors like AI and robotics showed strong performance, with stocks like Zhizhu rising over 40% [1] - On February 23, the technology sector experienced a broad rally, with stocks like Meituan, NIO, and SMIC rising over 5%, indicating a positive correlation between AI commercialization and industry recovery [1] Group 2 - As of February 13, 2026, the Huatai-PineBridge Hang Seng Hong Kong Stock Connect China Technology ETF (025167) has achieved a maximum monthly return of 13.97% since its inception, with an average monthly return of 9.41% [2] - The fund, established on August 27, 2025, aims to closely track the underlying index while minimizing tracking deviation and error [2] - The current fund manager, Le Wuqiong, has 11.6 years of experience in the securities industry [2] Group 3 - The Huatai-PineBridge Hong Kong Stock Technology Observation Toolbox includes various investment strategies, such as the Huatai-PineBridge Hang Seng Technology ETF (013128), which aims to balance investments in core technology assets [3] - The Huatai-PineBridge Hang Seng Hong Kong Stock Connect China Technology ETF (025167) focuses on the entire AI industry chain, excluding non-tech sectors to capture core AI value [3] - The Huatai-PineBridge Hong Kong Stock Connect Technology Selected Mixed Fund (025545) employs an active management strategy to identify high-potential assets within the Hong Kong Stock Connect framework [3]

Group 1 - The core product is the Huatai-PineBridge Hang Seng Hong Kong Stock Connect China Technology ETF Link C (025167), designed for flexible investors seeking low-cost exposure to the Hang Seng Hong Kong Stock Connect China Technology Index [1] - The C class shares do not charge subscription or redemption fees but incur a daily sales service fee, making their cost structure highly dependent on the holding period [1][2] - The fee structure includes two categories: direct redemption fees and daily operational fees, with management fees at 0.50%, custody fees at 0.10%, and sales service fees at 0.20% [2][3] Group 2 - Redemption fees differ significantly based on the holding period, with a 1.50% fee for holdings under 7 days and no fee for holdings of 7 days or more, aimed at discouraging short-term trading [4] - A cost analysis shows that for a 10,000 yuan investment, the total costs vary significantly based on the holding period, with the highest costs incurred for holdings of less than 7 days [5] - The optimal holding period for C class shares is suggested to be between 1 month and 1 year, as costs remain lower compared to A class shares which typically have higher subscription fees [5] Group 3 - The minimum investment amount for C class shares is set at 1 yuan on major internet sales platforms, although the fund contract does not specify a minimum [7] - Redemption funds are typically transferred to the investor's account within T+2 to T+3 working days, depending on the clearing time of the sales institution [8] - The fund's net asset value is calculated at the end of each trading day and disclosed through the fund manager's website and designated media [9]