Core Viewpoint - The company, Wanwu Cloud (02602.HK), has announced its intention to repurchase H-shares in the open market, utilizing a budget of RMB 500 million as authorized by shareholders at the annual meeting on May 16, 2025 [1] Summary by Sections Share Buyback Authorization - The board of directors has decided to exercise the general authority granted by shareholders to repurchase H-shares [1] - The company is permitted to buy back up to 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the shareholders' meeting [1] Financial Implications - The funds required for the share buyback will be sourced from the company's own financial resources [1]

Core Points - The company, Wanwu Cloud, has announced that its board of directors has begun exercising the general authorization obtained at the 2025 annual shareholders' meeting to repurchase H-shares [1] - The planned repurchase will utilize a maximum fund of RMB 500 million [1] - The company aims to buy back up to 116 million H-shares, which represents 10% of the total issued H-shares [1] - The repurchase price will be determined based on market conditions and fluctuations in H-share prices [1] - The repurchase period will last until the end of the 2025 annual shareholders' meeting or until the authorization is revoked by the shareholders' meeting [1] - The funding for the repurchase will come from the company's own financial resources [1]

Core Viewpoint - The company has announced the initiation of a share buyback program for its H-shares, reflecting confidence in its business development and future prospects, aiming to create value for shareholders [1] Summary by Sections Share Buyback Authorization - The board has begun exercising the general mandate granted by shareholders at the annual meeting on May 16, 2025, to repurchase H-shares [1] - The maximum amount allocated for the buyback is RMB 500 million, with actual repurchase prices depending on market conditions and the fluctuation of the current H-share price compared to its issue price [1] Buyback Details - The company is authorized to repurchase up to 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the shareholders' meeting, excluding treasury shares and those repurchased but not yet canceled [1] - The funds for the buyback will be sourced from the company's own financial resources [1] Strategic Rationale - The board believes that the share buyback under current market conditions will demonstrate the company's confidence in its business and ultimately benefit the company and its shareholders [1]

Group 1 - The company has announced that its board of directors has begun exercising the general authorization obtained at the 2025 annual general meeting of shareholders to repurchase H-shares [1] - The plan involves repurchasing H-shares in the open market with a maximum funding limit of RMB 500 million [1] - The company can repurchase up to 116 million H-shares, which represents 10% of the total issued H-shares [1] Group 2 - The repurchase price will be determined based on market conditions and fluctuations in the H-share market price [1] - The repurchase period will last until the conclusion of the 2025 annual general meeting of shareholders or until the authorization is revoked by the shareholders' meeting [1] - The funding for the repurchase will come from the company's own financial resources [1]

Core Viewpoint - The company, Wanwu Cloud (02602), has announced a decision by its board to utilize the share buyback authorization to repurchase H-shares in the open market, with a funding cap of RMB 500 million [1] Summary by Relevant Sections Share Buyback Plan - The board plans to repurchase H-shares based on market conditions and the current market price of the company's H-shares compared to their issuance price, adhering to the rules of the Hong Kong Stock Exchange and applicable laws [1] - The company is authorized to buy back a maximum of 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the annual general meeting, while maintaining sufficient public float [1] Financial Implications - The funds required for the share buyback will be allocated from the company's own financial resources [1] - The board believes that the share buyback under current market conditions reflects the company's confidence in its business development and prospects, ultimately benefiting the company and creating value for shareholders [1]

Onewo Inc. 萬物雲空間科技服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 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，並明確表示概不就因本公告全部或任何部分內容所產生或因依賴 該等內容而引致的任何損失承擔任何責任。 股份回購之實施期至下列兩者最早之日期為止：(i)本公司2025年股東周年會結束 時；或(ii)本公司任何股東會通過特別決議案撤銷或更改相關特別決議案所述給予 的授權之日。 1 本公司將遵照公司章程、《香港聯合交易所有限公司證券上市規則》、香港《公司 收購、合併及股份回購守則》、中華人民共和國法律以及本公司須遵守的所有適用 法律及法規進行股份回購。 董事會相信，本公司目前的財務資源將使其能夠在維持穩健財務狀況的同時實施 股份回購。 股東及潛在投資者應注意，本公司之場內股份購回將視乎市況進行，並將由董事 會及╱或其授權人士全權酌情決定。概無法保證任何購回的時間、數目或價格， 或本公司是否將進行任何購回。股東及潛在投資者在買賣本公司股份時務請審慎 行事。 （股份代號：2602） 自願性公告 有意於市場上進行股份回購 ...

Core Insights - The chairman and CEO of Wanwu Cloud, Zhu Baoquan, indicated that 2025 has been a year with the highest number of supplier-related meetings since the company's inception, highlighting ongoing issues with accounts receivable that began worsening in 2022 [1] - Zhu emphasized the company's commitment to not simply passing pressure down to frontline employees, which could result in suppliers' staff not receiving their wages [1] - The company has made significant progress in addressing historical overdue payments, having paid approximately 1.1 billion in overdue amounts in the second half of the year, with a few remaining issues expected to be resolved soon [1] - Data shows that since the second half of 2025, the actual payment days for Wanwu Cloud have accelerated by 57 days compared to the first half of the year [1]

致：香港交易及結算所有限公司 公司名稱: 萬物雲空間科技服務股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年12月1日 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11月30日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02602 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,168,053,129 | RMB | | 1 RMB | | 1,168,053,129 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,168,053,129 | RMB | | 1 RMB | | 1,168,053,129 | 本月 ...

Core Viewpoint - Vanke is facing significant financial distress, highlighted by a sharp decline in bond prices and stock value, alongside a major equity freeze affecting its core subsidiary [1][2][3] Group 1: Financial Performance - Vanke's revenue for the third quarter was reported at 161.39 billion yuan, a year-on-year decrease of 26.61% [3] - The company recorded a net loss attributable to equity holders of 28.02 billion yuan, with a gross profit margin in real estate development plummeting to -10.5% [3] - Vanke's remaining cash balance of 65.68 billion yuan is insufficient to cover its short-term debt of 151.39 billion yuan [3] Group 2: Market Reaction - On December 1, Vanke's bonds experienced a significant drop, with "21 Vanke 04" falling over 45% and "22 Vanke 02" dropping over 38% [2] - Following the announcement of a 5.7 billion yuan equity freeze, Vanke's stock price fell to 5.2 yuan per share, a decline of 3.35% [1] Group 3: Asset Management - Vanke has pledged all of its 660 million shares in Wanwu Cloud to secure loans totaling up to 22 billion yuan from Shenzhen Metro Group [2] - The company has engaged in asset disposals, signing 19 bulk transactions worth 6.86 billion yuan and optimizing cash flow from existing assets by 7.11 billion yuan [3] Group 4: Corporate Governance - The new chairman of Vanke, Huang Liping, has expressed commitment to support the company's recovery and manage risks effectively [4] - Recent changes in corporate governance include the replacement of the legal representative of Shenzhen Metro Group, indicating a shift in leadership dynamics [4]

Group 1 - Shenzhen Metro Group Co., Ltd. (referred to as "Shenzhen Metro") has undergone a change in legal representative, with Xin Jie stepping down and Huang Liping taking over [1] - Huang Liping has transitioned from General Manager to Manager, indicating a shift in leadership roles within the company [1] - Shenzhen Metro is the largest shareholder of Vanke, which recently announced the election of Huang Liping as Chairman during a board meeting, following Xin Jie's resignation from the position [2] Group 2 - Vanke has reported a new equity freeze involving Shenzhen Vanke Development Co., Ltd., with a frozen equity amount of 570 million RMB, set for a duration of three years, enforced by the Dongguan Intermediate People's Court in Guangdong Province [2][3] - Vanke's subsidiary, Wanwu Cloud, disclosed that its controlling shareholder, Vanke Enterprises, has pledged 15.32 million shares to Shenzhen Metro, indicating a significant level of share pledging [3]