Core Viewpoint - The report highlights the AH premium rates of various companies, indicating significant discrepancies between their H-shares and A-shares, with some companies showing extremely high premiums while others exhibit negative premiums [1]. Group 1: Top AH Premium Rates - Northeast Electric (00042) has the highest AH premium rate at 831.03%, with H-share priced at 0.290 HKD and A-share at 2.25 CNY [1]. - Sinopec Oilfield Service (01033) follows with a premium rate of 296.70%, H-share at 0.910 HKD and A-share at 3.01 CNY [1]. - Beijing Jingcheng Machinery Electric (00187) ranks third with a premium of 285.05%, H-share at 4.280 HKD and A-share at 13.76 CNY [1]. Group 2: Lowest AH Premium Rates - Contemporary Amperex Technology (03750) has the lowest AH premium rate at -13.27%, with H-share priced at 511.000 HKD and A-share at 370 CNY [1]. - China Merchants Bank (03968) shows a premium of -4.06%, H-share at 49.300 HKD and A-share at 39.49 CNY [1]. - WuXi AppTec (02359) has a premium of -2.14%, with H-share at 120.800 HKD and A-share at 98.7 CNY [1]. Group 3: Top Deviation Values - Jinju Group (02009) has the highest deviation value at 24.42%, with a premium of 212.05% [1]. - Beijing Jingcheng Machinery Electric (00187) has a deviation value of 21.92%, with a premium of 285.05% [1]. - Longpan Technology (02465) ranks third with a deviation value of 19.68%, and a premium of 101.01% [1]. Group 4: Lowest Deviation Values - JunDa Co., Ltd. (02865) has the lowest deviation value at -70.56%, with a premium of 176.15% [2]. - Changfei Optical Fiber (06869) follows with a deviation of -45.38%, and a premium of 105.94% [2]. - Chenming Paper (01812) has a deviation of -26.81%, with a premium of 190.80% [2].

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Xixiang Group (02473) saw the largest increase in holdings, up by 4.02%, bringing its total to 25.63% [2]. - Hang Seng China Enterprises (02828) increased by 3.51%, now holding 4.11% [2]. - Yingfu Fund (02800) rose by 3.09%, with a current holding of 3.91% [2]. - In the last five trading days, Xixiang Group (02473) experienced a remarkable increase of 23.17% in holdings [3]. - Other notable increases include Nanhua Futures (02691) at 3.99% and Sanhua Intelligent Control (02050) at 3.96% [3]. Group 2: Companies with Decreased Holdings - Shandong Molong (00568) had the largest decrease, down by 1.27%, now at 56.06% [2]. - Changfei Fiber Optic (06869) decreased by 1.25%, with a current holding of 57.02% [2]. - Chifeng Gold (06693) saw a reduction of 1.17%, now holding 39.00% [2]. - Over the last five trading days, Shandong Molong (00568) experienced a significant drop of 5.47% in holdings [3]. - Other companies with notable decreases include Weimeng Group (02013) at -3.58% and Chifeng Gold (06693) at -3.16% [3]. Group 3: Long-term Trends - Over the past 20 days, Xixiang Group (02473) has increased by 22.56%, maintaining a holding of 25.63% [4]. - Jun Da Co. (02865) saw a 20.81% increase, now at 49.86% [4]. - Baiaosaitu-B (02315) increased by 10.35%, with a current holding of 25.40% [4].

Core Viewpoint - Nanhua Futures Co., Ltd. has approved a capital increase for its wholly-owned subsidiary, aiming to strengthen its overseas operations and enhance competitiveness in global markets [1] Group 1: Capital Increase Details - The company announced a capital increase of HKD 12.03 billion (RMB 10.72 billion) during the fifth board meeting held on February 9, 2026 [1] - The decision was made with unanimous support, receiving 9 votes in favor, with no opposition or abstentions [1] Group 2: Purpose of the Capital Increase - The funds will be used to bolster the capital base of its subsidiary, Honghua International, in regions including Hong Kong, the UK, the US, and Singapore [1] - The capital increase is intended to expand the company's overseas business, optimize its overseas business structure, and improve its ability to compete and respond to risks in the global market [1] - The increase does not alter the intended use of the raised funds and does not conflict with the implementation plans of the fundraising projects [1]

Core Viewpoint - Nanhua Futures Co., Ltd. has approved a capital increase of HKD 1.203 billion (RMB 1.072 billion) for its wholly-owned subsidiary, Henghua International, to strengthen its overseas operations and enhance competitiveness in global markets [1] Group 1: Capital Increase Details - The capital increase was approved during the fifth meeting of the fifth board of directors held on February 9, 2026, with a unanimous vote of 9 in favor, 0 against, and 0 abstentions [1] - The investment amount is HKD 1.203 billion, equivalent to RMB 1.072 billion, based on the exchange rate of 1 HKD = 0.89080 RMB as of February 6, 2026 [1] Group 2: Purpose of the Capital Increase - The funds will be used to enhance the capital base of the overseas subsidiaries in Hong Kong, the UK, the US, and Singapore [1] - The capital increase aims to further expand the company's overseas business, optimize its overseas business structure, and improve its competitiveness and risk response capabilities in the global market [1] Group 3: Compliance and Shareholder Interests - The capital increase does not alter the intended use of the raised funds and does not conflict with the implementation plan of the fundraising projects [1] - There are no indications of changing the direction of the raised funds in a manner that would harm shareholder interests [1]

Core Viewpoint - Nanhua Futures Co., Ltd. plans to increase capital by HKD 1.203 billion to its wholly-owned subsidiary, Honghua International Financial Co., Ltd., to strengthen its overseas business and optimize its global market competitiveness [1] Group 1: Capital Increase Details - The capital increase will be executed through cash contributions, funded by the proceeds from the issuance of overseas listed shares (H-shares) [1] - The funds will be converted into foreign currency in compliance with national regulations on outbound direct investment (ODI) [1] - The use of the raised funds will strictly adhere to the planned usage outlined in the H-share fundraising documentation [1] Group 2: Strategic Objectives - The capital injection aims to enhance the capital base of overseas subsidiaries in Hong Kong, the UK, the US, and Singapore [1] - The initiative is part of a broader strategy to expand the company's overseas operations and improve its business structure [1] - The goal is to elevate the company's competitiveness and risk management capabilities in the global market [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佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 Nanhua Futures Co., Ltd. 南華期貨股份有限公司 （於中華人民共和國註冊成立的股份有限公司， 中文公司名稱為南華期貨股份有限公司，通過我們的香港附屬公司 在香港以橫華國際的名義開展業務） （股份代號：2691） 海外監管公告 承董事會命 南華期貨股份有限公司 董事長兼執行董事 羅旭峰博士 中國杭州，2026年2月9日 於本公告日期，本公司董事會成員包括：(i)執行董事羅旭峰博士；(ii)非執行董事 呂躍龍先生、徐文財博士、胡天高先生、厲寶平先生及孫穎婷女士；及(iii)獨立 非執行董事徐林博士、劉玉龍博士及李晶女士。 证券代码：603093 证券简称：南华期货 公告编号：2026-005 南华期货股份有限公司 关于对境外全资子公司增资的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本公告乃由 ...

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佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 Nanhua Futures Co., Ltd. 南華期貨股份有限公司 （於中華人民共和國註冊成立的股份有限公司， 中文公司名稱為南華期貨股份有限公司，通過我們的香港附屬公司 在香港以橫華國際的名義開展業務） （股份代號：2691） 证券代码：603093 证券简称：南华期货 公告编号：2026-004 南华期货股份有限公司 第五届董事会第五次会议决议公告 海外監管公告 本公告乃由南華期貨股份有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《南華期貨股份有限公司第五屆董事 會第五次會議決議公告》，僅供參閱。 承董事會命 南華期貨股份有限公司 董事長兼執行董事 羅旭峰博士 中國杭州，2026年2月9日 於本公告日期，本公司董事會成員包括：(i)執行董事羅旭峰博士；(ii)非執行董事 呂躍龍先生、徐文財博士、胡天高先生、厲寶平先生及 ...

Core Viewpoint - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies, which may signal investment trends and market sentiment. Group 1: Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, up by 5.65% to a total holding of 21.61% [1][2] - Junda Co., Ltd. (02865) increased by 2.40%, reaching a holding of 48.66% [1][2] - Beijing Jingcheng Machinery Electric Company (00187) rose by 2.19%, with a holding of 48.50% [1][2] - In the last five trading days, Xixiangfeng Group (02473) had a remarkable increase of 19.13% [3] - Sanhua Intelligent Control (02050) increased by 4.06%, now holding 33.53% [3] - Nanhua Futures Co., Ltd. (02691) saw a 3.60% increase, bringing its holding to 14.63% [3] Group 2: Decreased Holdings - China Metallurgical Group Corporation (01618) experienced the largest decrease, down by 0.64% to a holding of 33.76% [1][2] - Longpan Technology (02465) decreased by 0.62%, now at 44.92% [1][2] - Lion Holdings (02562) saw a reduction of 0.59%, with a holding of 49.34% [1][2] - Over the last five trading days, Junda Co., Ltd. (02865) faced a significant drop of 13.34% [3] - Shandong Molong Petroleum Machinery Company (00568) decreased by 3.73%, now holding 57.33% [3] - Weimeng Group (02013) saw a reduction of 3.66%, with a holding of 27.00% [3]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, rising by 3.67% to a total of 15.96% [2]. - Chifeng Jilong Gold (06693) experienced a 2.20% increase, bringing its total holding to 39.55% [2]. - Southern East Select (03441) increased by 0.92%, reaching a holding of 17.08% [2]. - In the last five trading days, Xixiangfeng Group (02473) had the highest increase of 13.55%, with a current holding of 15.96% [3]. - Other notable increases include Nanhua Futures (02691) at 3.96% and Sanhua Intelligent Control (02050) at 3.33% [3]. Group 2: Companies with Decreased Holdings - The largest decrease was observed in the Yingfu Fund (02800), which fell by 2.58% to a holding of 0.83% [2]. - Beijing Jingcheng Machinery Electric Company (00187) and Junda Co., Ltd. (02865) both decreased by 1.19%, with holdings of 46.31% and 46.26% respectively [2]. - In the last five trading days, Junda Co., Ltd. (02865) saw a significant drop of 13.42%, now holding 46.26% [3]. - Other companies with notable decreases include Lion Group (02562) at -3.38% and Weimob Group (02013) at -3.32% [3].

Core Viewpoint - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases in ownership for certain companies and decreases for others, indicating shifting investor sentiment and potential investment opportunities. Group 1: Increased Holdings - Xixiang Group (02473) saw the largest increase in holdings, up by 9.78%, bringing its total holding to 12.29% [2] - Nanhua Futures (02691) increased by 2.31%, with a new holding percentage of 14.00% [2] - COSCO Shipping Holdings (01919) experienced a 1.56% increase, resulting in a holding of 31.46% [2] - Other notable increases include Sanhua Intelligent Controls (02050) at +1.28% (31.99%) and Shenzhou Holdings (00861) at +1.27% (43.26%) [2] Group 2: Decreased Holdings - Shandong Molong (00568) had the largest decrease, down by 6.00%, now holding 56.61% [2] - Chifeng Jilong Gold Mining (06693) decreased by 3.02%, with a holding of 37.35% [2] - Sinopec Oilfield Service (01033) saw a reduction of 1.12%, bringing its holding to 14.61% [2] - Other significant decreases include Jiangxi Copper (00358) at -1.06% (22.32%) and Shandong Gold (01787) at -1.04% (51.91%) [2] Group 3: Five-Day Changes - Over the last five trading days, Xixiang Group (02473) increased by 9.93% to 12.29% [3] - Nanhua Futures (02691) rose by 8.01% to 14.00% [3] - Beijing Jingcheng Machinery Electric Company (00187) increased by 3.89%, now at 47.50% [3] - Significant decreases included Junda Co., Ltd. (02865) at -10.80% (47.45%) and Chifeng Jilong Gold Mining (06693) at -4.12% (37.35%) [3] Group 4: Twenty-Day Changes - Junda Co., Ltd. (02865) had the highest increase over twenty days at +19.25%, now holding 47.45% [4] - Zhongwei New Materials (02579) increased by 12.50% to 18.14% [4] - Naxin Microelectronics (02676) rose by 11.77% to 13.17% [4] - Other notable increases include Baidu's subsidiary (02315) at +11.53% (25.50%) and Xixiang Group (02473) at +9.24% (12.29%) [4]