Core Viewpoint - Huali Co., Ltd. announced a plan to acquire a 19% stake in Shenghui Clean Group for HKD 47.5 million, marking its second acquisition attempt in three months, with both companies experiencing significant stock price increases on announcement days [1][2]. Group 1: Acquisition Details - The acquisition does not constitute a related party transaction or a major asset restructuring and does not require shareholder approval [1]. - Huali's stock hit the daily limit on the announcement day, while Shenghui Clean's stock rose by 26.19% [1]. - The previous acquisition attempt involved a 51% stake in Zhongke Huilian Technology, which was later terminated due to a lack of consensus on key terms [1]. Group 2: Regulatory Inquiry - The Shanghai Stock Exchange requested Huali to disclose the details of the previous acquisition attempt and the current acquisition process, including key timelines and involved personnel [2]. - Huali is also required to investigate recent stock trading activities of insiders to check for potential information leaks [2]. Group 3: Strategic Intent - Huali aims to leverage core resources and capabilities through this strategic investment to enhance competitiveness and industry influence in internationalization, intelligence, and marketization [2]. - The financial performance of Shenghui Clean shows revenue of approximately CNY 674 million and net profit of CNY 49.23 million for 2024, with a decline in net profit for the first half of 2025 [2]. Group 4: Financial Performance Concerns - Shenghui Clean's revenue increased by 10.14% year-on-year in the first half of 2025, but net profit decreased by 21.78% [3]. - The company has seen a continuous rise in accounts receivable, with a 15.40% increase to CNY 268 million by the end of 2024 [3]. - Operating cash flow was negative for both 2024 and the first half of 2025, indicating financial strain [3]. Group 5: Justification for Investment - Huali is required to explain the reasons for the performance decline at Shenghui Clean and assess the potential ongoing impact on the company's performance [4]. - The necessity of the acquisition is questioned given the significant differences between Huali's main business and Shenghui Clean's operations, prompting a need for clarity on strategic alignment and resource sharing [5].

Group 1 - The core point of the article is that Huayi Co., Ltd. is acquiring a 19% stake in Shenghui Clean (HK02521) for 47.5 million HKD, which is significantly below its market value of approximately 393 million HKD, representing only 12% of the market price [1][3][4] - The acquisition is part of Huayi's strategy to leverage core resources and capabilities for collaborative growth in internationalization, intelligence, and marketization, enhancing both companies' competitiveness and industry influence [2] - The purchase price of 0.128 HKD per share is based on Shenghui Clean's public market price and net asset value, considering the strategic cooperation's synergistic value and the limited liquidity of the shares [3][4] Group 2 - Shenghui Clean's projected net profit for 2024 is 49.226 million HKD, with 7.943 million HKD for the first half of 2025 [3] - The stock price of Shenghui Clean saw a significant increase prior to the announcement, with a rise of over 15% shortly after the market opened on January 16, and a total increase of nearly 30% by the afternoon [4][5] - The acquisition reflects Huayi's position as a strategic investor rather than a financial one, justifying the discounted entry price due to the additional resources and risks involved [3][4]

Core Viewpoint - Shenghui Clean (02521) announced a conditional sale agreement where its major shareholder, Sunrise Clean Investment Holdings Limited, will sell approximately 370 million shares, representing 19% of the company's issued shares, to Huali (Asia) Industrial Limited, which is wholly owned by Dongguan Huali (603038.SH) [1] Group 1 - The seller, controlled by Executive Director Chen Liming, will retain approximately 122.8 million shares post-transaction, equating to about 6.3% of the issued shares, and will no longer be the major shareholder [1] - The buyer will acquire rights to approximately 370 million shares, making it the major shareholder with a 19% stake in the company [1]

Core Viewpoint - The company Shenghui Clean (02521) announced a conditional sale agreement involving the transfer of approximately 370 million shares, representing 19% of the total issued shares, from its major shareholder to Huali (Asia) Industrial Co., Ltd. [1] Group 1 - The seller, Sunrise Clean Investment Holdings Limited, is wholly owned by Executive Director Chen Liming [1] - The buyer, Huali (Asia) Industrial Co., Ltd., is fully owned by Dongguan Huali (603038.SH) [1] - Upon completion of the sale, the seller will retain approximately 122.8 million shares, equating to about 6.3% of the total issued shares, and will no longer be the major shareholder [1] Group 2 - The buyer will acquire rights to approximately 370 million shares, which will make it the major shareholder with a stake of about 19% of the total issued shares [1]

Group 1 - The core point of the article is that Shenghui Clean (02521.HK) announced a conditional sale agreement where its major shareholder, Sunrise Clean Investment Holdings Limited, will sell 370,449,650 shares, representing 19% of the company's issued shares, to Huali (Asia) Industrial Limited [1] - The sale is contingent upon certain conditions being met or waived, and it is expected to be completed within five business days after the agreement is signed [1] - The buyer, Huali (Asia) Industrial Limited, is a trading company wholly owned by Dongguan Huali Industrial Co., Ltd., which is listed on the Shanghai Stock Exchange [1]

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。 Shenghui Cleanness Group Holdings Limited 升輝清潔集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2521） 主要股東變動 待 出 售 事 項 完 成 後，並 假 設 於 本 公 告 日 期 及 完 成 出 售 事 項 期 間 已 發 行 股 份 總 數 概 無 變 動，則(a)賣方將繼續擁有122,801,600股 股 份，相 當 於 於 本 公 告 日 期 已 發行股份約6.3%，且 不 再 為 本 公 司 主 要 股 東（定 義 見 上 市 規 則）；及(b)買方將於 370,449,650股 股 份 中 擁 有 權 益，相 當 於 於 本 公 告 日 期 已 發 行 股 份 約19%，且將成 為 本 公 司 主 要 股 東（定 義 見 上 市 規 則）。 本公司股東及潛在投資者於買賣股份時務請審慎行事。 承董事會命 升輝清潔集團控股有限公 ...

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。 Shenghui Cleanness Group Holdings Limited 升輝清潔集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2521） 就有關可能注資目標公司的 意向協議延期 本公司將適時刊發進一步公告。 承董事會命 升輝清潔集團控股有限公司 聯席主席兼執行董事 李承華 於本公告日期，董事會包括三名執行董事，即李承華先生（聯席主席兼行政總裁）、 魏 東 金 先 生（聯 席 主 席）及 陳 黎 明 先 生；及 三 名 獨 立 非 執 行 董 事，即 張 寶 文 女 士、 邱燕虹女士及王輝博士。 茲 提 述 升 輝 清 潔 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 日 期 為 二 零 二 五 年 十 一 月 十 八 日 的 公 告（「該公告」），內 容 有 關（其 中 包 括）就 有 關 可 能 注 資 訂 立 無 法 律 約 ...

Core Viewpoint - As of January 15, a total of 105 stocks reached their 52-week highs, with notable performers including 德莱建业 (01546), 东曜药业－Ｂ (01875), and 大森控股 (01580) achieving high rates of 78.00%, 51.36%, and 37.61% respectively [1]. Summary by Category 52-Week Highs - 德莱建业 (01546) closed at 0.355, with a peak of 0.445, marking a high rate of 78.00% [1]. - 东曜药业－Ｂ (01875) closed at 4.190, reaching a high of 4.450, with a high rate of 51.36% [1]. - 大森控股 (01580) closed at 0.275, with a peak of 0.300, achieving a high rate of 37.61% [1]. - 顺兴集团控股 (01637) and 怡园酒业 (08146) also showed significant increases, with high rates of 36.36% and 24.74% respectively [1]. Additional Notable Stocks - JBB BUILDERS (01903) reached a high rate of 24.12% with a closing price of 2.830 [1]. - 天臣控股 (01201) and 江苏创新 (02116) had high rates of 15.38% and 15.00% respectively [1]. - 万国黄金集团 (03939) and 竣球控股 (01481) also performed well, with high rates of 12.95% and 12.44% respectively [1]. 52-Week Lows - The report also noted stocks reaching 52-week lows, with 天彩控股 (03882) showing a low rate of -14.42% [3]. - 中国智慧能源 (01004) and 基石控股 (01592) followed with low rates of -13.64% and -12.86% respectively [3]. - 弘毅文化集团－旧 (02990) and 中原建业 (09982) also reported significant declines of -9.09% and -6.06% respectively [3].

Summary of Key Points Core Viewpoint - As of January 9, a total of 73 stocks reached their 52-week highs, with notable performances from Lingxiong Technology (02436), Delai Construction (01546), and Zhipu (02513) showing significant growth rates of 104.99%, 38.89%, and 22.22% respectively [1]. 52-Week Highs - Lingxiong Technology (02436) closed at 11.760, with a peak price of 15.600, achieving a high rate of 104.99% [1]. - Delai Construction (01546) closed at 0.161, reaching a maximum of 0.250, with a high rate of 38.89% [1]. - Zhipu (02513) had a closing price of 158.600 and a peak of 165.000, resulting in a high rate of 22.22% [1]. - Other notable stocks include Asia Pacific Satellite (01045) with a high rate of 20.64% and Rongda Technology (09881) at 12.87% [1]. 52-Week Lows - The stocks reaching their 52-week lows include Lishi International (00842) with a closing price of 0.850, marking a decline of 39.29% [2]. - Bokan Vision Cloud - B (02592) closed at 2.930, with a decrease of 16.90% [2]. - Lingzai Technology Finance (00093) reached a low of 0.485, reflecting a drop of 14.77% [2].

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: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 升輝清潔集團控股有限公司 呈交日期: 2026年1月5日 第 2 頁 共 10 頁 v 1.1.1 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) | 02521 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | ...