Core Viewpoint - New Ming China (02699.HK) has experienced significant stock price declines, with a cumulative drop of nearly 90% over three trading days, raising concerns about unusual trading activity and potential underlying issues [2][3][4]. Group 1: Stock Performance - On October 3, New Ming China's stock fell by 16.36%, marking the third consecutive day of declines [2]. - The stock price dropped from over 4 HKD per share to below 0.5 HKD per share, with a peak decline of 84.2% on October 2 [3]. - Trading volume surged, with 11.1 million shares traded on October 2, compared to an average daily volume of less than 500,000 shares in the previous 30 days [3]. Group 2: Company Announcements - The company's board acknowledged the unusual fluctuations in stock price and trading volume but stated they were unaware of any reasons for these changes or any material information that needed to be disclosed [3][4]. - The board confirmed that the company's business operations remain normal and that there have been no significant changes in its financial condition [4]. Group 3: Financial Performance - For the first half of 2025, New Ming China reported total revenue of approximately 33.1 million RMB, a decline of about 57.9% from 78.7 million RMB in the same period last year [4]. - The company recorded a loss attributable to shareholders of approximately 137 million RMB, an improvement from a loss of 335 million RMB in the previous year, primarily due to reduced impairment of development properties and borrowing penalties [4]. - As of June 30, 2025, the company's total assets were approximately 2.125 billion RMB, while total liabilities were about 5.822 billion RMB, indicating a slight decrease in asset value from the end of 2024 [4].

Core Viewpoint - New Ming China (02699.HK) has experienced significant stock price declines, with a cumulative drop of nearly 90% over three trading days, raising concerns about unusual trading activity and potential underlying issues [2][3][6]. Stock Performance - On October 3, New Ming China's stock fell by 16.36%, following a drop of over 22% during intraday trading [2]. - The stock had already seen a sharp decline on September 30, closing down more than 16% after a late-session sell-off [3]. - On October 2, the stock price plummeted by 84.2%, marking a drastic decline [4]. - Over the three-day period, the stock price dropped from over 4 HKD per share to below 0.5 HKD per share [6]. Trading Volume - The trading volume surged significantly during the recent decline, with 24.45 million shares traded on September 30 (26.04% turnover rate), 111 million shares on October 2 (118.2% turnover rate), and 28.88 million shares on October 3 (30.75% turnover rate) [6]. - Prior to this decline, the average daily trading volume was less than 5 million shares, with an average turnover rate of 1.34% [6]. Company Announcement - The company's board acknowledged the unusual fluctuations in stock price and trading volume but stated they were unaware of any reasons for these changes or any material information that needed to be disclosed [8]. - The board confirmed that the company's business operations remain normal and that there have been no significant changes in its financial condition [8]. Financial Performance - For the first half of 2025, New Ming China reported total revenue of approximately 33.1 million RMB, a decline of about 57.9% from 78.7 million RMB in the same period last year [8]. - The company recorded a loss attributable to shareholders of approximately 137 million RMB, an improvement from a loss of 335 million RMB in the previous year, primarily due to reduced impairment of development properties and borrowing penalties [8]. - As of June 30, 2025, the company's total assets were approximately 2.125 billion RMB, while total liabilities were about 5.822 billion RMB [8]. Debt Situation - As of the end of the first half of 2025, the company had not made payments on interest-bearing bank and other loans amounting to approximately 1.213 billion RMB, constituting a default [9].

Core Viewpoint - The recent significant decline in the stock price of Xinning China (02699.HK) has raised concerns among investors, with a cumulative drop of nearly 90% over three trading days, prompting the company to issue a statement regarding unusual trading activity [2][5][10]. Stock Performance - On October 3, Xinning China's stock price fell by 16.36%, following a drop of over 22% earlier in the day [2]. - The stock experienced a dramatic decline of 84.2% on October 2, and a total drop of over 16% on September 30 [5][6]. - Over the past three trading days, the stock has plummeted from over 4 HKD per share to below 0.5 HKD per share [7]. - Trading volume surged significantly, with 24.45 million shares traded on September 30, 111 million shares on October 2, and 28.88 million shares on October 3, indicating a substantial increase in trading activity [7][8]. Company Financials - For the first half of 2025, Xinning China reported total revenue of approximately 33.1 million RMB, a decrease of about 57.9% compared to the same period last year [11]. - The company recorded a loss attributable to shareholders of approximately 137 million RMB, an improvement from a loss of 335 million RMB in the previous year [11]. - As of June 30, 2025, the company's total assets were approximately 2.125 billion RMB, while total liabilities stood at about 5.822 billion RMB [12]. - The company has defaulted on approximately 1.213 billion RMB in bank and other borrowings, as it has not made payments according to the loan agreement [13]. Company Response - The board of directors acknowledged the unusual fluctuations in stock price and trading volume but stated they were unaware of any reasons for these changes or any material information that needed to be disclosed [10]. - The board confirmed that the company's business operations remain normal and that there have been no significant changes in its financial condition [10].

Core Viewpoint - The board of directors of New Ming China (02699) has noted unusual fluctuations in the trading price and volume of the company's shares, confirming that they are unaware of any reasons for these changes or any information that must be disclosed to prevent a false market in the company's securities [1] Group 1 - The board has conducted reasonable inquiries regarding the unusual trading activity and found no known causes for the fluctuations [1] - There is no information that the company must disclose to avoid creating a false market in its securities [1] - The board confirmed that the group's business operations remain normal and that there have been no significant changes in the group's business operations or financial condition [1]

董事会亦确认，集团业务运作维持正常，且集团业务运作及财务状况并无任何重大变动。 智通财经APP讯，新明中国(02699)发布公告，公司董事会注意到，近日公司股份于交易价格及成交量方 面出现不寻常变动。经就公司的有关情况而作出相关合理查询后，董事会确认其并不知悉：(i) 有任何 导致有关股价及成交量出现不寻常变动的原因;或(ii)有任何必须公布以避免公司证券出现虚假市场的任 何资料;或(iii)根据上市规则第13.09(2)条及香港法例第571章证券及期货条例第XIVA部项下须予披露的 任何内幕消息。 ...

Core Viewpoint - New Ming China (02699.HK) has observed unusual fluctuations in its share price and trading volume, but the board confirms no known reasons for these changes and that business operations remain normal [1] Summary by Relevant Sections - **Unusual Market Activity** - The board has noted unusual changes in the trading price and volume of the company's shares [1] - After reasonable inquiries, the board confirmed no known reasons for these fluctuations [1] - **Disclosure and Compliance** - The board stated that there is no information that must be disclosed to prevent the securities from appearing in a false market [1] - There are no insider information or material changes that need to be reported under relevant regulations [1] - **Business Operations** - The company confirms that its business operations are normal [1] - There are no significant changes in the group's business operations or financial condition [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，概不就因本公佈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。 新 明 中 国 控 股 X I N M I N G C H I N A Xinming China Holdings Limited 新明中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號： 2699） 董事會亦確認，本集團業務運作維持正常，且本集團業務運作及財務狀況並無任何重大變動。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 承董事會命 新明中國控股有限公司 公司秘書 甘俊英 香港 ，二零二五年十月三日 自願性公告 股價及成交量之不尋常波動 本公告由新明中國控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願刊發。 本公司董事會（「董事會」）注意到，近日本公司股份（「股份」）於交易價格及成交量方面出現不 尋常變動。經就本公司之有關情況而作出相關合理查詢後，董事會確認其並不知悉：(i) 有任何導致有 關股價及成交量出現不尋常變動的原因；或 (ii) 有任何必須公佈以 ...

FF301 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 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 新明中國控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年10月3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) | 02699 | 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 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0 ...

Core Viewpoint - New Ming China (02699) experienced a significant drop of over 84% in early trading, reaching a record low of 0.5 HKD per share, with a current price of 0.55 HKD and a trading volume of 45.25 million HKD [1] Group 1: Stock Performance - The stock fell by 84.2% as of the latest report [1] - The trading volume reached 45.25 million HKD during the decline [1] Group 2: Shareholder Activity - On September 29, shareholders transferred shares from Hongzhi Securities to HSBC Hong Kong, with a transfer value of 23.1 million HKD, accounting for 6.13% of the total [1] - On September 18, shares were transferred from Hongzhi Securities to Futu Securities International Hong Kong, with a transfer value of 17.19 million HKD, representing 5.79% [1] - On September 26, shareholders deposited shares into Hongzhi Securities, with a deposit value of 72.73 million HKD, making up 19.5% [1] Group 3: Company Overview - New Ming China Holdings Limited is primarily engaged in property development, investment, and leasing [1] - The company operates through three segments: property development, property leasing, and other investment holdings [1] - The business activities are primarily conducted in the domestic market [1]

Group 1 - The Hong Kong stock market opened slightly higher on October 2, with the Hang Seng Index at 26,918 points, up 62 points, a 0.23% increase [1] - Contemporary Amperex Technology Co., Limited (CATL) saw its stock price rise nearly 5%, surpassing 600 HKD, with a premium of 36.63% for its H-shares compared to its A-shares, which closed at 402 RMB [1] - New Ming China experienced a significant drop of over 80% in its stock price, reaching a low of 0.51 HKD, following a reported loss of 137 million HKD for the interim period [1] Group 2 - The technology sector showed mixed performance, with Kuaishou up over 4%, Alibaba and JD.com rising over 2%, while NetEase and Bilibili fell by over 2% and 1% respectively [1] - Gold stocks saw gains, with Zijin Mining International increasing by over 9%, and the innovative drug sector mostly opened higher, with 3SBio rising over 5% [1] - Galaxy Securities indicated that October is a critical window for policy layout, suggesting that both A-shares and Hong Kong stocks may benefit from long-term policy arrangements and a relatively loose liquidity environment [1]