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依賴該等內容而引致的任何損失承擔任何責任。 本公告不會直接或間接於美國或向美國（包括其領土及屬地、美國任何州及哥倫比亞特區）發 佈、刊發或派發。本公告並不且無意構成或組成在美國或任何其他司法權區的任何要約或招攬 購買或認購證券的一部分。本公告所述證券並無亦不會根據《1933年美國證券法》（經不時修訂） （「美國證券法」）或美國任何州或其他司法權區的證券法登記。證券不得於美國境內提呈發售、 出售、質押或以其他方式轉讓，惟獲豁免遵守美國證券法登記規定及符合任何適用的州證券法 或不受該等規定所規限的交易則除外。證券不會於美國進行公開發售。證券僅可(1)根據美國證 券法的登記豁免規定向合資格機構買家（定義見美國證券法第144A條）提呈發售及出售；及(2) 依據美國證券法S規例以及發售及出售發生的各司法權區適用法律在美國境外以離岸交易方式 提呈發售及出售。 本公告僅供參考，並不構成收購、購買或認購證券的邀請或要約。有關發 ...

Core Viewpoint - The establishment of Beijing Extreme Intelligence Technology Co., Ltd. aims to enhance the development and commercialization of embodied intelligence technology and related products, which will synergize with the company's existing logistics robot business [1] Group 1: Company Developments - Extreme Intelligence announced the completion of the establishment of Beijing Extreme Intelligence Technology Co., Ltd. on July 30, with an initial registered capital of 10 million yuan [1] - The new company will focus on research and development of embodied intelligence technology and related products, including robotic picking and general-purpose robots [1] - The group plans to apply embodied intelligence technology and related products in business-to-business scenarios, particularly in logistics and manufacturing, leveraging its existing brand and business network for rapid commercialization [1] Group 2: Business Strategy - The company is focusing on core business solutions represented by warehouse fulfillment robots to drive growth, profitability, and financial stability [1] - The establishment of the embodied intelligence company is expected to accelerate the research and application of new technologies while effectively collaborating with existing businesses to expand development opportunities [1] - The initiative aims to attract more talent to support the long-term development of the group [1]

Core Viewpoint - The company, known as the "first global AMR warehouse robot stock," has officially entered the embodied intelligence sector by establishing a wholly-owned subsidiary in Beijing, focusing on the research and development of embodied intelligence technology and related products. Group 1: Company Developments - The newly established Beijing subsidiary has an initial registered capital of 10 million yuan and will concentrate on technologies such as robotic picking and general-purpose robots [1] - The company aims to integrate embodied intelligence technology with its existing logistics robot business to enhance commercial applications and leverage its brand and business network for rapid deployment [1] - The establishment of the subsidiary is expected to accelerate the development and application of new technologies, create effective synergies with existing operations, and attract talent for long-term growth [1] Group 2: Financial Performance - The company went public on the Hong Kong Stock Exchange on July 9, marking the largest non-"A+H" tech IPO in Hong Kong this year [2] - As of 2024, the company reported revenue of 2.409 billion yuan, making it the largest revenue-generating company in the Hong Kong robotics sector [2] - The compound annual growth rate (CAGR) of revenue from 2021 to 2024 reached 45%, with annual order amounts increasing from 1.59 billion yuan in 2021 to 3.14 billion yuan in 2024 [2] - The adjusted EBITDA loss significantly narrowed to 25 million yuan in 2024, with an adjusted net loss margin of only 3.8% [2] Group 3: Strategic Partnerships - The company has partnered with UK-based Logistex to create a robotic smart warehouse for Yusen Logistics, a global supply chain logistics giant, located in Northampton, UK [3] - This collaboration reinforces the company's leadership position in the UK market, having established numerous benchmark cases in logistics automation over the past six years [3]

Core Insights - Beijing JiZhiJia Technology Co., Ltd. (referred to as "JiZhiJia") has established a wholly-owned subsidiary, Beijing JiZhiJia Embodied Intelligence Technology Co., Ltd., to enter the embodied intelligence sector, focusing on mechanical picking and general robotics for B2B applications in logistics and manufacturing [1] - JiZhiJia aims to leverage its existing logistics robotics business and brand network to accelerate the commercialization of embodied intelligence technologies and products [1] Group 1: Commercialization and Global Network - JiZhiJia has strong commercialization capabilities, a comprehensive global business network, and a mature service system, which will support the development and implementation of its embodied intelligence technologies [2] - The company has been the largest AMR warehouse robotics solution provider globally for six consecutive years, with projected revenue of 2.4 billion yuan in 2024, nearing profitability [2] - JiZhiJia's existing capabilities and resources provide mature application scenarios and benchmark validation channels for its embodied intelligence technologies, facilitating global deployment and scaling [2] Group 2: Research and Development Strength - JiZhiJia possesses significant technological strength, with 1,867 patents and a research team comprising 41% of its workforce, making it one of the largest R&D teams in the industry [3] - The team has extensive experience in robot product development, particularly in perception, decision-making, control, and multi-agent collaboration [3] - The global application and replication of JiZhiJia's solutions demonstrate the robustness, reliability, and scalability of its technology in complex scenarios [3] Group 3: Data Assets and Scene Understanding - JiZhiJia has a unique advantage in scene understanding and data accumulation, with vast operational data from logistics scenarios and a deep understanding of customer pain points [4] - This practical scene recognition and data advantage will accelerate technology validation and create a self-reinforcing cycle for training and optimizing embodied intelligence models [4] - JiZhiJia's mature commercialization model, top-tier R&D resources, and substantial data assets position it well to capture opportunities in the embodied intelligence market [4]

Core Viewpoint - The establishment of Beijing G智嘉 Embodied Intelligence Technology Co., Ltd. aims to enhance the development and commercialization of embodied intelligence technologies and related products, focusing on logistics and manufacturing applications [1] Group 1: Company Developments - The company has completed the establishment of a wholly-owned subsidiary with an initial registered capital of 10 million yuan [1] - The new subsidiary will focus on research and development of embodied intelligence technologies, including robotic picking and general robotics products [1] - The company plans to leverage its existing logistics robot business to promote the new technologies and products rapidly [1] Group 2: Strategic Focus - The company is concentrating on core business solutions represented by warehousing fulfillment robots to drive growth and ensure financial stability [1] - The establishment of the new subsidiary is expected to accelerate the research and application of new technologies while creating effective synergies with existing operations [1] - The initiative aims to attract more talent and lay a solid foundation for the company's long-term development [1]

Core Viewpoint - The company has established a wholly-owned subsidiary, Beijing Jizhi Intelligent Technology Co., Ltd., focusing on embodied intelligence technology research and related product business, including robotic picking and general robotics [1] Group 1: Company Development - The initial registered capital of the new subsidiary is 10 million yuan [1] - The subsidiary aims to apply embodied intelligence technology and general robotics products in logistics and manufacturing business scenarios, closely collaborating with the company's existing logistics robot business [1] Group 2: Strategic Focus - The company is concentrating on core business represented by warehousing fulfillment robot solutions to drive business growth, profitability, and financial stability [1] - The establishment of the subsidiary is expected to accelerate the research and application of new technologies, create effective synergy with existing businesses, and expand development space [1] Group 3: Talent Acquisition - The new subsidiary is anticipated to attract more talent, laying a solid foundation for the company's long-term development [1]

Core Viewpoint - The establishment of Beijing Jizhi Jia Embodied Intelligence Technology Co., Ltd. aims to enhance the development and commercialization of embodied intelligence technology and related products, focusing on logistics and manufacturing applications [1] Group 1: Company Establishment - The company has completed the establishment of a wholly-owned subsidiary with an initial registered capital of 10 million yuan [1] - The new subsidiary will focus on research and development of embodied intelligence technology, including robotic picking and general robotics products [1] Group 2: Business Strategy - The group plans to integrate embodied intelligence technology and general robotics products into its existing logistics robot business to enhance commercial applications [1] - The focus on warehouse fulfillment robot solutions is intended to drive business growth, profitability, and financial stability [1] Group 3: Long-term Development - The board believes that the establishment of the new subsidiary will accelerate the R&D and application promotion of new technologies [1] - The initiative is expected to create effective synergies with existing businesses, expand development opportunities, and attract more talent for the group's long-term growth [1]

Beijing Geekplus Technology Co., Ltd. 北京極智嘉科技股份有限公司 （於中華人民共和國註冊成立以不同投票權控股的股份有限公司） （股份代碼：2590） 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。 本公司茲宣佈其已於2025年7月30日完成北京極智嘉具身智能科技有限公司（「具 身智能公司」），一間由本公司全資擁有的附屬公司，的設立。具身智能公司初始 註冊資本1,000萬元，該公司設立之後，將專注於具身智能技術研發和相關產品業 務，包括不限於機械手揀貨、通用機器人產品等。 本集團計劃將具身智能技術以及相關通用機器人產品，應用於物流製造等商業對 商業業務場景，與本集團現有的物流機器人業務緊密協同，並借助於本集團現有 的品牌和業務網路快速推進技術和產品的廣泛商用。 本集團聚焦以倉儲履約機器人解決方案為代表的核心業務，推動本集團業務增 長、盈利及保證財務穩健性，為具身智能等新技術的創新和商用提供持續支援。 董事會認為具身 ...

Summary of Key Points Core Viewpoint - The Hong Kong IPO market is experiencing significant activity, with multiple companies filing for listings and a notable increase in market liquidity and new listings compared to the previous year [14]. Group 1: Company Filings - Three companies submitted applications for IPOs: 1. **Shenzhen Xingyuan Material Technology Co., Ltd.** specializes in lithium-ion battery separators and holds the largest market share in dry-process separators globally, with projected revenues of 2.867 billion, 2.982 billion, 3.506 billion, and 881 million RMB from 2022 to 2025 [2]. 2. **LXJ International Holdings Limited (Laoxiangji)** operates a fast-food chain with 1,564 stores across 55 cities, achieving revenues of approximately 4.528 billion, 5.651 billion, 6.288 billion, and 2.120 billion RMB from 2022 to 2025 [3][4]. 3. **Lianqi Technology Co., Ltd.** is a leading fabless integrated circuit design company, with revenues of approximately 3.672 billion, 2.286 billion, 3.639 billion, and 1.222 billion RMB from 2022 to 2025 [5]. Group 2: IPO Activity - No companies passed the hearing last week, but one company, **Shougang Longze**, is restarting its IPO process, planning to offer 20.1598 million H-shares at a price range of 14.5 to 18.88 HKD per share [6][7]. Group 3: New Listings - Six new stocks were listed last week, including: 1. **Fuwai Group**: Closed at 38.40 HKD with a gain of 1.05% [8]. 2. **Lens Technology**: Closed at 19.84 HKD with a gain of 9.13% [9]. 3. **Dazhong Oral**: Closed at 20.70 HKD with a gain of 3.50% [10]. 4. **Xunzhong Co.**: Closed at 13.58 HKD with a gain of 0.22% [11]. 5. **Jizhi Jia-W**: Closed at 17.70 HKD with a gain of 5.36% [12]. 6. **Fortior**: Closed at 139.80 HKD with a gain of 16.02% [13]. Group 4: Market Trends - The Hong Kong stock market has seen a significant improvement in liquidity, with an average daily trading volume of 240.2 billion HKD in the first half of 2025, a 118% increase from the previous year [14]. - The number of new listings increased to 44 in the first half of 2025, up 47% from the previous year, with total fundraising amounting to 107.1 billion HKD, a 699% increase [14].

Summary of Key Points Core Viewpoint - As of July 14, a total of 138 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including Green Heart Group Holdings, OK Blockchain, and Pearl River Steel Pipe [1]. Group 1: Top Performers - Green Heart Group Holdings (02999) achieved a closing price of 0.013 with a peak of 0.017, marking a 70.00% increase [1]. - OK Blockchain (01499) closed at 0.680, reaching a high of 0.690, reflecting a 48.39% rise [1]. - Pearl River Steel Pipe (01938) had a closing price of 0.335 and a peak of 0.340, resulting in a 33.33% increase [1]. Group 2: Other Notable Stocks - Weishi Jiajie (00856) saw a 32.01% increase, closing at 8.870 with a high of 11.300 [1]. - Cloud Intelligence (09678) reached a high of 520.000, closing at 510.000, which is a 20.99% increase [1]. - China Chengtong Development Group (00217) closed at 0.165 with a peak of 0.166, marking a 14.48% rise [1]. Group 3: Additional Stocks with Significant Increases - Sihuan Pharmaceutical (00460) closed at 1.380, reaching a high of 1.430, which is a 14.40% increase [1]. - Taited Pharmaceutical (03880) had a closing price of 36.950 and a peak of 37.400, reflecting a 13.85% rise [1]. - Beihai Kangcheng-B (01228) closed at 0.850 with a high of 0.960, resulting in a 12.94% increase [1].