SHANGHAI ABLE DIGITAL SCIENCE&TECH CO., LTD. 上海卓越睿新數碼科技股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Pursuant to Rule 2.07A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), Shanghai Able Digital Science&Tech Co., Ltd. (the "Company") has adopted the arrangement to disseminate corporate communications ("Corporate Communications") electronically. Please note that all f ...

登記股東之名稱及地址 SHANGHAI ABLE DIGITAL SCIENCE&TECH CO., LTD. 上海卓越睿新數碼科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2687） 2026 年 2 月 27 日 尊敬的股東 發佈公司通訊之安排 簡介 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 2.07A 條 1 以及上海卓越睿新數 碼科技股份有限公司（「本公司」）的公司章程，本公司將以電子通訊方式向其股東 3 發佈本公司日後的公司通 訊（「公司通訊」2），並僅應股東要求向其寄發印刷本形式的公司通訊。 安排 2. 公司通訊 本公司將在本公司網站（www.able-elec.com）及聯交所網站（www.hkexnews.hk）上發佈公司通訊。 本公司不會向股東發出公司通訊網站版本 6 的登載通知。本公司鼓勵股東主動留意網站上所有日後的公司通 訊的登載情況，並自行瀏覽公司通訊的網站版本。 - 1 - 3. 向本公司提供股東電子郵箱地址 為了支持通過電子郵件進行電子通訊，本公司建議股東通過掃描上述二維碼填寫線上表格，該表格的有效期 為至 2026 年 3 ...

截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 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 公司名稱: 上海卓越睿新數碼科技股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2026年2月3日 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) | 02687 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 61,952,800 | RMB | | 1 RMB | | 61,952,800 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 61,952,800 | RMB | | 1 RMB | | 61,952,800 | | 2. 股份分類 ...

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 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) | 02687 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 61,952,800 | RMB | | 1 | RMB | | 61,952,800 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 61,952,800 | RMB | | 1 | RMB | | 61,952,800 | | 2. 股份分類 | 普通股 | 股份類別 | | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | ...

Group 1 - The core viewpoint of the articles highlights the significant stock performance of 卓越睿新 (Zhuoyue Ruixin), which has seen its share price rise nearly 5% to reach a new high of 164.5 HKD, with a total market capitalization approaching 11 billion HKD [1] -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008, and launched its brand "Smart Tree" in 2013 [1] - According to Frost & Sullivan,卓越睿新 ranks second in the Chinese higher education digital teaching market by revenue, holding a market share of 4.0%, and ranks first in the digital teaching content production market with a market share of 7.3% [1] Group 2 - The trading data from the first two days of卓越睿新’s listing indicates a classic "fund-driven" scenario, with a price fluctuation of 83.73% and a cumulative increase of 75.36% [2] - The stock's performance is characterized by high volatility and a consistent upward trend, contrasting with typical new stock listings that often experience intense market fluctuations [2] - Market interpretations suggest that the stock price movement is a strategic push to meet the inclusion criteria for the Hong Kong Stock Connect, supported by clear rules and strategic logic [2]

Core Viewpoint - The stock of卓越睿新 (02687) has seen a significant increase of nearly 130% since its IPO, reaching a peak of 155 HKD, with a current trading price of 153.1 HKD and a market capitalization exceeding 10 billion HKD [1] Company Overview -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched the brand "智慧树" in 2013 [1] - According to Frost & Sullivan,卓越睿新 ranks second in the Chinese higher education digital teaching market by revenue, holding a market share of 4.0% as of 2024 [1] - The company leads the digital teaching content production market in China, with a market share of 7.3% [1] Market Dynamics - The trading data of卓越睿新 post-IPO is characterized as a "fund-driven" narrative, with the company setting a target stock price of 152.1 HKD and a review date of December 31, 2025, which serves as a clear and quantifiable value anchor for the market [1] - As the market price approaches this anchor point, it reinforces the consensus that the company is making efforts to qualify for the Hong Kong Stock Connect, thereby attracting trend-following and event-driven arbitrage funds, creating a positive feedback loop for price increases [1]

Group 1 - The stock of卓越睿新 (02687.HK) has increased nearly 5%, reaching a high of 155 HKD, which represents an increase of nearly 130% from its IPO price [2] - As of the report, the stock is up 3.45%, trading at 153.1 HKD, with a trading volume of 17.3978 million HKD [2] - The company's total market capitalization has surpassed 10 billion HKD [2]

Core Viewpoint - 卓越睿新 (02687) has seen a significant increase in stock price, rising nearly 130% from its IPO price, indicating strong market interest and confidence in the company's growth potential in the digital education sector [1] Company Overview - 卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched its brand "智慧树" in 2013 [1] - According to Frost & Sullivan, by 2024, the company ranks second in revenue within China's higher education digital teaching market, holding a market share of 4.0% [1] - In the digital teaching content production market for higher education in China, the company ranks first with a market share of 7.3% [1] Market Performance - The stock price reached a high of 155 HKD, with a current trading price of 153.1 HKD and a trading volume of 17.4 million HKD, resulting in a total market capitalization exceeding 10 billion HKD [1] - The trading data following the company's IPO is characterized as a "fund-driven" narrative, with the establishment of a clear price target of 152.1 HKD and a review date set for December 31, 2025 [1] - This price target has created a quantifiable value anchor for the market, leading to a consensus that the company is making efforts to meet the requirements for inclusion in the Hong Kong Stock Connect [1]

Core Viewpoint -卓越睿新 (02687) has seen a significant increase in stock price, rising nearly 130% from its IPO price, indicating strong market interest and confidence in the company's growth potential in the digital education sector [1] Company Overview -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched its brand "智慧树" in 2013 [1] -According to Frost & Sullivan,卓越睿新 ranks second in revenue in China's higher education digital teaching market with a market share of 4.0% as of 2024 [1] -The company holds the top position in the digital teaching content production market within China's higher education sector, with a market share of 7.3% [1] Market Performance -卓越睿新’s stock reached a high of 155 HKD, with a current trading price of 153.1 HKD and a total market capitalization exceeding 10 billion HKD [1] -The trading data from the first two days post-IPO reflects a classic "fund-driven" scenario, with the company setting a clear price target of 152.1 HKD, which has helped to align market expectations [1] -The consensus around the company's efforts to meet the requirements for inclusion in the Hong Kong Stock Connect has attracted trend-following and event-driven arbitrage funds, creating a positive feedback loop for the stock price [1]

Core Viewpoint - The education technology company,卓越睿新 (02687), made a remarkable debut on the Hong Kong Stock Exchange, closing its first day with an impressive 87% increase and continuing to rise, reaching a peak of 152 HKD, which represents a cumulative increase of over 125% from its issue price of 67.5 HKD, with a market capitalization nearing 10 billion HKD [1] Group 1: Market Performance - The stock exhibited a high volatility of 83.73% over the first two trading days, with a cumulative increase of 75.36%, contrasting with typical new stock performances characterized by intense market fluctuations [2] - The trading data indicated a significant clustering of large orders, suggesting strategic accumulation by institutional investors, with a high concentration of trading volume during specific periods [3] Group 2: Trading Dynamics - Despite a seemingly moderate turnover rate of 3.225%, the actual liquidity was limited due to a large portion of shares being locked up, indicating efficient turnover of available shares with a total trading volume of 2.14 billion HKD over two days [4] - The trading structure revealed a clear capital strategy aimed at rapidly meeting the market capitalization and liquidity thresholds required for inclusion in the Hong Kong Stock Connect [4] Group 3: Strategic Intent - The stock price surge is interpreted as a strategic move to meet the HK Stock Connect inclusion criteria, with a market capitalization threshold of 9.3 billion HKD that needs to be achieved by December 31 [5] - The strategy involves rapidly increasing the market capitalization to create a safety margin for the average market value, ensuring compliance with the necessary thresholds even if the stock price experiences a natural decline [5] Group 4: Liquidity and Market Signals - The high trading volume and turnover in the initial days are crucial for meeting liquidity requirements, signaling active trading to attract institutional investors [6] - The company has set a target price of 152.1 HKD and a review date of December 31, which serves as a clear benchmark for market participants, fostering consensus and attracting trend-following and event-driven funds [6] Group 5: Future Considerations - While the initial capital strategy has successfully met key price and market capitalization targets, the future stability of the stock price will depend on the influx of southbound capital and the company's ability to demonstrate growth performance [7]