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 致：香港交易及結算所有限公司 公司名稱: 360 魯大師控股有限公司 呈交日期: 2025年12月2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) | 03601 | 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 | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 ...

Core Viewpoint - The report by Huorong Security Lab reveals a large-scale promotion scheme involving multiple companies, including Chengdu Qilu Technology Co., Ltd. (operator of LuDaShi), which employs covert methods to hijack user traffic and silently install software while implementing targeted "anti-detection" strategies [1][3]. Group 1: Companies Involved - Chengdu Qilu Technology Co., Ltd. is identified as the operator of LuDaShi, which is part of a broader network of companies engaged in traffic hijacking [1][3]. - Other companies listed in the report include Chengdu Hechang Junwei Technology Co., Ltd., Shanghai JiuLie Network Technology Co., Ltd., and several others, each associated with specific software products [2]. Group 2: Promotion Tactics - The report details various promotional tactics used by these companies, such as browser pop-up ads for games, silent installation of third-party software without user consent, and manipulation of web links to earn commissions [3][5]. - A notable tactic includes the dynamic control of software promotion through cloud-based configuration commands, allowing for targeted advertising based on user location and behavior [3][5]. Group 3: Evasion Strategies - The software employs complex "hide-and-seek" strategies to evade detection, including geographic targeting based on user IP addresses and halting promotions if technical analysis tools are detected on the user's device [5][6]. - The report highlights specific detection logic within LuDaShi's promotion module that prevents advertising if the user has visited certain complaint-related websites or social media pages associated with 360's founder Zhou Hongyi [7][10]. Group 4: Response and Updates - On the same day the report was released, LuDaShi pushed two software updates, which vaguely mentioned "bug fixes" and "enhanced user experience," without addressing the allegations of traffic hijacking [10]. - As of the report's publication, LuDaShi has not publicly responded to the specific accusations made in the Huorong Security report [10].

Core Insights - A recent technical report by the endpoint security company Huorong has identified nearly 30 domestic software applications suspected of traffic hijacking and malicious promotion [2] - The report particularly highlights the well-known software "Ludashi," which allegedly deceives users by setting fake close buttons during game advertisement promotions and third-party plugin downloads [2] - Ludashi is also accused of inserting rebate parameters into links on platforms like JD.com and Baidu, extracting a commission from users' natural searches [2] - The report has caused significant concern within the cybersecurity community, not only due to the involvement of a prominent security software but also for revealing strategies to evade regulation [2] - The software reportedly monitors users' online activities, such as visits to technical forums and the 12315 complaint website, and social media interactions with figures like Zhou Hongyi, the chairman of 360 [2] - If users are identified as knowledgeable rather than "computer novices," the software can cease promotions at any time [2] - As of the report's publication, both Ludashi and 360 have not provided comments, while Huorong has opted not to conduct interviews but is willing to respond to inquiries through official statements [2]

360 LUDASHI HOLDINGS LIMITED 360 （「本公司」） 3601 5. 提名委員會之秘書應由本公司公司秘書擔任。 6. 提名委員會可不時委任其他任何具備合適資格及經驗之人士作為提名委員會之秘書。 7. 提名委員會每年最少須舉行一次會議。 8. 任何會議之通知最少須於該會議舉行前14天作出，除非全體提名委員會成員一致通 過豁免該通知。不論所作出之通知期，委員會成員出席會議將被視為成員豁免所需 之通知期。倘續會於少於14天內舉行，則任何續會毋須作出通知。 出席會議 股東周年大會 提名委員會的職權範圍 成員 提名委員會之秘書 會議次數及議事程序 — 1 — 1. 提名委員會成員須由本公司董事會（「董事會」）委任。 2. 提名委員會的大多數成員應為本公司獨立非執行董事，且提名委員會須至少包括一 名不同性別的成員。 3. 提名委員會之主席應由董事會委任，並須由董事會主席或提名委員會中由董事會委 任之獨立非執行董事擔任。 4. 提名委員會成員的委任年期應由董事會於委任時決定。 17. 提名委員會須具有下列責任及權力： (a) 至少每年檢討董事會的架構、人數及組成（包括技能、知識及經驗方面），協助 ...

Core Viewpoint - The company, Lu Master (03601), has announced a strategic move to utilize its idle funds for better returns by entering into a structured deposit agreement with China Merchants Bank (600036) [1] Group 1: Financial Agreement - The subsidiary Chengdu Mijia You has agreed to subscribe to a structured deposit product worth RMB 50 million with China Merchants Bank [1] - The subscription funds are derived from the redeemed principal under a previous structured deposit agreement [1]

Core Viewpoint - The company, Lu Master (03601.HK), aims to utilize its idle funds to achieve better returns by entering into a structured deposit agreement with China Merchants Bank through its subsidiary Chengdu Mijia You [1] Group 1 - The company has signed a structured deposit product agreement XLVIII with China Merchants Bank [1] - Chengdu Mijia You will subscribe to a structured deposit product worth RMB 50 million [1] - The subscription funds are derived from the redeemed principal under the previous structured deposit product agreement XLVII [1]

智通财经APP讯，鲁大师(03601)发布公告，为充分地利用集团闲置资金以获得更好的资金回报，于2025 年11月13日，公司附属公司成都米加游与招商银行订立结构性存款产品协议XLVIII，据此，成都米加游 同意向招商银行认购人民币5000万元的结构性存款产品。认购资金为结构性存款产品协议 XLVII项下之 已赎回本金。 ...

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。 360 LUDASHI HOLDINGS LIMITED 360 3601 須予披露交易 認購結構性存款產品 認購結構性存款產品 茲提述向招商銀行認購原結構性存款產品的公告。於本公告日，結構性存款產品協議 XLVII項下之結構性存款產品已到期，本集團已贖回結構性存款產品協議XLVII項下之 全部本金。 為充分地利用本集團閒置資金以獲得更好的資金回報，於2025年11月13日，本公司附屬 公司成都米加遊與招商銀行訂立結構性存款產品協議XLVIII，據此，成都米加遊同意向 招商銀行認購人民幣5,000萬元的結構性存款產品。認購資金為結構性存款產品協議 XLVII項下之已贖回本金。 上市規則的涵義 由於結構性存款產品乃向相同銀行認購且與原結構性存款產品性質相若，結構性存款 產品協議XLVIII項下之認購將按照上市規則第14.22條與原結構性存款產品進行合併計算。 就結構性存款產品合計而言，一項或以上的適用百分比 ...

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 致：香港交易及結算所有限公司 公司名稱: 360 魯大師控股有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 截至月份: 2025年10月31日 狀態: 新提交 | 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) | 03601 | 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 | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 本月底法定/註冊股本總額： H ...

Core Insights - The report highlights the release of the 2025 Q3 financial results for Lu Master, which includes a smart ranking of electric vehicles tested across 18 mainstream models using the advanced Lu Master Electric Vehicle Smart Evaluation 2.0 system [1] - The evaluation system encompasses eight core systems, continuously updated to enhance the assessment process, ensuring that all scores reflect the latest standards [3] Electric Two-Wheeler Smart Ranking - Data for the electric two-wheeler smart ranking was collected from January 1 to September 30, 2025, utilizing a comprehensive testing framework that includes 36 specialized tests and nearly 100 detailed assessments [4] - Lu Master has published 44 reports on electric vehicle smart evaluations, testing over 270 models to date [4] Ninebot M5 Electric Motorcycle - The Ninebot M5 electric motorcycle features a luxurious product line, filling the high-end electric motorcycle market gap while balancing performance and practicality [6] - The M5's dimensions are notably large, with a length of 1950mm, width of 770mm, height of 1175mm, and a wheelbase of 1395mm, providing a competitive advantage over similar models [8] - The M5 offers ample storage space, including two large front compartments and a 32L seat bucket, accommodating a full-size helmet and charger [8] Electric Two-Wheeler Range Achievement Ranking - The range achievement ranking data was also collected from January 1 to September 30, 2025, simulating real-world riding conditions based on a commuting scenario in Chengdu [9] Energy and Power Specifications - The Ninebot M5 125 model is available in single and dual battery configurations, with a 72V30Ah lithium battery offering ranges of 50km and 120km, while the M5 200 model features a 72V90Ah battery with an impressive range of 195km [11] - The M5 125 has a maximum power output of 5.2kW, capable of sustaining speeds over 70km/h, and includes customizable settings for throttle response and other performance parameters [11] User Expectations and Market Signals - Current user concerns primarily revolve around commuting and daily usage, with storage space and battery reliability being significant issues [12] - The introduction of the M5 signals that performance and practicality can coexist, providing a more practical and distinctive solution for consumers in the high-end electric motorcycle market [12]