Core Viewpoint - The company has announced a dividend payment plan for the fiscal years ending December 31, 2025, 2026, and 2027, aiming to enhance shareholder returns and protect investor rights while maintaining financial strength for sustainable development [1] Dividend Payment Plan - The board of directors has approved a plan to declare and pay dividends for the three fiscal years ending December 31, 2025, 2026, and 2027 [1] - The annual dividend will be no less than 75% of the company's net profit attributable to owners for the respective fiscal year, subject to market conditions and final board approval at the relevant time [1] Strategic Intent - The dividend payment plan is a response to market demands, aimed at increasing returns to shareholders and safeguarding their legitimate rights [1] - The board believes that implementing the dividend payment plan aligns with the overall best interests of the company and its shareholders [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。 （股份代號：2580） 自願性公告 股息派付計劃 本公告乃奥克斯电气有限公司（「本公司」，連同其附屬公司「本集團」）自願刊發， 以便本公司股東（「股東」）及潛在投資者瞭解本公司的最新發展情況。 AUX ELECTRIC CO., LTD. 奥 克 斯 电 气 有 限 公 司 （ 根 據 開 曼 群 島 法 律 註 冊 成 立 的 有 限 公 司 ） – 1 – 股息派付計劃是為了回應市場的訴求，透過提高回報來保護股東及本公司投資者 的合法權益，同時保留本集團的財務實力以支持其可持續發展需求。董事會認為 實施股息派付計劃符合本公司及股東的整體最佳利益。 股東及潛在投資者應注意，分紅派息計劃下的任何分紅派息，將視乎當時市場狀 況以及董事會於相關時間之絕對酌情權而定。彼等於進行股份交易時務請審慎行事。 承董事會命 奥克斯电气有限公司 緒言 本公司董事會（「董事會」）欣然宣佈其已批准一項計劃（「股息派付計劃」） ...

Investment Rating - The report initiates coverage on Aux Electric with a "Buy" rating and a target price of HKD 17.67, based on an 8x PE for 2025 [5][4]. Core Insights - Aux Electric is the fifth largest air conditioning provider globally and the fourth largest in China, with a market share of 7.1% globally and 7.3% in China for 2024 [1][18]. - The company has a robust presence in over 150 countries, focusing on both domestic and international markets through a dual strategy of ODM and OBM [1][18]. - The report highlights Aux's historical adaptability and strategic positioning, capturing market opportunities across different eras, from cost-effective products in the early 2000s to leveraging e-commerce in the 2010s and expanding globally in the 2020s [1][21]. Summary by Sections Company Overview - Aux Electric entered the air conditioning industry in 1994 and has since developed a multi-brand strategy, including the main brand Aux and sub-brands like ShinFlow, HuaSuan, and Aufit, to cater to various market segments [23][1]. - The company has maintained a strong growth trajectory, with a projected revenue of RMB 29.8 billion in 2024 and a CAGR of 30% in air conditioning sales from 2023 to 2024 [23][18]. Market Outlook - The global air conditioning market is expected to grow from RMB 1.31 trillion in 2024 to RMB 1.53 trillion in 2028, with a CAGR of 4.0% [2]. - Aux is actively expanding in emerging markets, particularly in the Middle East and Southeast Asia, with significant contributions from both ODM and OBM business models [2][18]. Financial Projections - The report forecasts Aux's net profit attributable to shareholders to be RMB 3.167 billion, RMB 3.661 billion, and RMB 4.073 billion for 2025, 2026, and 2027, respectively, with corresponding EPS of RMB 1.99, RMB 2.31, and RMB 2.56 [4][12]. - Revenue from overseas sales is expected to reach RMB 188.9 billion, RMB 234.6 billion, and RMB 281.8 billion from 2025 to 2027, accounting for 54.3%, 58.5%, and 62.6% of total revenue [2][4]. Competitive Positioning - Aux Electric's manufacturing efficiency is highlighted, with a capacity utilization rate of 91.3% compared to the industry average of 74.4% in 2024, which enhances its bargaining power [3][22]. - The company has diversified its customer base, reducing dependency on any single client, with the largest customer accounting for only 6.3% of revenue in Q1 2025 [22][3].

Group 1 - The core point of the article highlights that Aux Electric (02580.HK) has seen its stock price decline to a record low of HKD 13.03 since its listing on September 2, where it initially closed at HKD 16.48, reflecting a drop of 5.4% on the first day [1] - As of the latest trading session, Aux Electric's stock closed at HKD 13.58, marking a decrease of 0.88% [1] - The company is currently in a state of stock price decline, having fallen below its initial public offering (IPO) price [1] Group 2 - Aux Electric issued a total of 238,235,200 shares, with 83,382,400 shares allocated for public offering and 154,852,800 shares for international offering [1] - The final offer price for Aux Electric was set at HKD 17.42, resulting in total proceeds of HKD 4,150.1 million, with net proceeds amounting to HKD 3,993.5 million after deducting estimated listing expenses of HKD 156.5 million [1] - The cornerstone investors for Aux Electric include China Post Insurance, China Post Wealth Management, and several others, with a total allocation of 55,921,400 shares [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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 奧克斯電氣有限公司 呈交日期: 2025年10月8日 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) | 02580 | 說明 | | | | | | | | | | 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 | USD | 0.000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | 0.000005 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 備 ...

Group 1 - Zijin Mining International (02259) has been included in the Hang Seng Composite Index, effective from October 16, 2025, following the rapid inclusion rules [1] - The rapid inclusion mechanism allows new stocks to be added to the index if their market capitalization ranks in the top 10% of existing constituents on their first trading day [1] - Other companies such as Aux Group (02580), Chery Automobile (09973), and FWD Group (01828) are also expected to be included in the Hang Seng Composite Index based on similar criteria [1] Group 2 - Companies like Sino Biopharmaceutical-B (02591), Zhonghui Biotechnology-B (02627), and others have shown good performance and may warrant attention for future market performance [2] - The company Zhi Zhi Jia-W (02590), listed on July 9, 2023, must meet additional standards for dual-class shares to qualify for the Hong Kong Stock Connect, which requires ongoing observation [2]

Group 1 - The global offering's stabilization period for AUX Electric (02580.HK) ended on September 27, 2025, which is 30 days after the submission deadline for the Hong Kong public offering application [1] - The sole sponsor and overall coordinator did not exercise the over-allotment option during the stabilization period, and this option expired on September 27, 2025 [1] - The company has not and will not issue any shares under the over-allotment option [1]

Group 1 - The announcement states that the stabilization period for the global offering of Aux Group (02580) ended on September 27, 2025, which is 30 days after the deadline for submitting the application for the Hong Kong public offering [1] - The sole sponsor and overall coordinator did not exercise the over-allotment option during the stabilization period, and this option expired on September 27, 2025 [1] - As a result, the company has not and will not issue any shares under the over-allotment option [1]

Group 1 - The stabilization period for the global offering of Aux Group (02580) ended on September 27, 2025, which is 30 days after the deadline for submitting the application for public offering in Hong Kong [1] - The sole sponsor and overall coordinator did not exercise the over-allotment option during the stabilization period, and this option expired on September 27, 2025 [1] - The company has not and will not issue any shares under the over-allotment option [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）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。 除非本公告另有界定，否則本公告所用詞彙應與奧克斯電氣有限公司（「本公司」）日期為2025年 8月25日（星期一）的招股章程（「招股章程」）所界定者具有相同涵義。 本公告乃根據香港法例第571W章《證券及期貨（穩定價格）規則》第9(2)條作出。本公告僅供參 考，並不構成誘使任何人士收購、購買或認購本公司證券的邀請或要約。本公告並非招股章 程。有意投資者應先行閱讀招股章程有關下文所述本公司及全球發售的詳細資料，方決定是否 投資於發售股份。 本公告不得在美國（包括其領土及屬地、美國任何州及哥倫比亞特區）境內或向美國直接或間接 發佈、刊發或分發。本公告並未且不擬構成或組成在美國或任何其他司法管轄區購買或認購證 券的任何要約或招攬的一部分。發售股份未曾亦不會根據經不時修訂的美國《1933年證券法》 （「美國證券法」）或美國任何州或其他司法管轄區證券法登記，亦不得 ...