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之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任 何責任。 （於開曼群島持續經營的有限公司） （股份代號：03888） 關連交易 本公司與北京多看訂立之租賃協議 Kingsoft Corporation Limited 金山軟件有限公司 董事會謹此宣佈，於二零二五年十二月三十日，本公司（代表承租人）與小米之合併聯 屬實體北京多看訂立租賃協議，據此，北京多看同意將該等物業出租予承租人，自二 零二六年一月一日起至二零三一年十二月三十一日止為期六年。 北京多看為小米之合併聯屬實體。小米為本公司董事兼主要股東雷軍先生之聯繫人 士。雷軍先生擁有小米之多數投票權。因此，小米為本公司之關連人士，而北京多看 亦為本公司之關連人士。 根據國際財務報告準則第16號，根據租賃協議租賃之該等物業將被確認為使用權資 產，總代價約為人民幣256.17百萬元（相當於約282.63百萬港元），而租賃協議項下擬進 行之交易將被確認為收購使用權資產，其根據上市規則第14A章將構成本公司之一次 性關 ...

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之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任 何責任。 Kingsoft Corporation Limited 金山軟件有限公司 （於開曼群島持續經營的有限公司） （股份代號：03888） 持續關連交易 本公司與小米訂立之框架協議 茲提述本公司日期為二零二二年十二月三十日之公告，內容有關本公司與小米訂立的 框架協議，以規範雙方截至二零二五年十二月三十一日止三個年度持續進行之若干交 易。 本集團已與小米集團建立長期穩定之業務關係。於二零二二年十二月三十日，本公司 及小米訂立一份框架協議，以規範雙方截至二零二五年十二月三十一日止三個年度持 續進行之若干交易。 為重續截至二零二八年十二月三十一日止未來三個年度現有框架協議項下之交易，本 公司與小米訂立框架協議，據此：(i)本集團將向小米集團提供各項綜合服務，主要包 括推廣服務、郵箱定製開發服務以及授權及訂閱服務；(ii)本集團將與小米集團共同經 營由本集團提供的遊戲；(iii)小米集團將向本集團提供各項綜合服務， ...

Group 1 - The company, Kingsoft Corporation (03888), announced a share buyback plan, intending to repurchase 354,200 shares at a total cost of HKD 9.996 million [1]

Group 1 - The company, Kingsoft Corporation (03888), announced a share buyback plan, intending to repurchase 354,200 shares at a cost of HKD 9.996 million [1]

Group 1 - The company, Kingsoft Corporation (03888.HK), announced a share buyback on December 30, 2023, spending HKD 9.996 million to repurchase 354,000 shares [1]

第 1 頁 共 9 頁 v 1.3.0 | 1). | 已購回以作註銷但尚未註銷之股份 | | 582,000 | 0.04 % | HKD | 34.3598 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年5月29日 | | | | | | 2). | 已購回以作註銷但尚未註銷之股份 | | 367,200 | 0.03 % | HKD | 33.4893 | | | 變動日期 | 2025年5月30日 | | | | | | 3). | 已購回以作註銷但尚未註銷之股份 | | 310,200 | 0.02 % | HKD | 32.2222 | | | 變動日期 | 2025年6月2日 | | | | | | 4). | 已購回以作註銷但尚未註銷之股份 | | 310,600 | 0.02 % | HKD | 32.1709 | | | 變動日期 | 2025年6月3日 | | | | | | 5). | 已購回以作註銷但尚未註銷之股份 | | 586,400 | 0.04 % | HKD | 34.1057 | | | 變動日 ...

Core Viewpoint - The Chinese gaming industry in 2025 is characterized by a complex landscape of "recovery" and "internal competition," with market revenue exceeding 350 billion yuan and user base surpassing 680 million, yet competition remains fierce and profitability increasingly challenging [3][4]. Market Overview - The domestic gaming market revenue for 2025 is approximately 350.8 billion yuan, reflecting a year-on-year growth of 7.7%, while the user base has grown by about 1.4% to over 680 million [4]. - Self-developed games have generated overseas revenue of approximately 20.46 billion USD, maintaining a scale exceeding 100 billion yuan for six consecutive years [4]. - The industry has entered a phase of stock competition, with a saturated user base and a significant increase in self-developed game output, leading to heightened competition among companies [4][5]. Industry Trends - The gaming industry is experiencing a trend of increasing investment in research and development, particularly in art and quality, but the risk of failure for new games is rising due to intense competition in the stock market [4][5]. - The "winner-takes-all" phenomenon is intensifying, with top companies capturing a larger market share, leading to a shift from the "80/20 rule" to a potential "90/10 rule" in the industry [8][12]. Company Performance - Tencent's gaming revenue for Q3 2025 exceeded 63.6 billion yuan, marking a significant milestone, while NetEase's gaming revenue surpassed 70 billion yuan in the same period, indicating stable growth [10][11]. - The top ten mobile games in terms of revenue are dominated by Tencent, which has seven titles in the list, showcasing its strong market position [9][10]. New Opportunities - The rise of single-player games is a notable trend, with companies increasingly investing in AAA titles following the success of "Black Myth: Wukong," indicating a structural opportunity in the gaming industry [12][13]. - AI-native games are emerging as another exploration direction, with companies like miHoYo leading the way in integrating AI into game narratives, suggesting a potential shift in game development dynamics [14][15]. Future Outlook - The gaming industry is expected to enter a new "golden decade" of growth, driven by improved game quality, expanded overseas market pathways, and supportive policies, marking a transition from rapid growth to a focus on creativity and technology [15][16].

Summary of Key Points Core Viewpoint - On December 29, 55 Hong Kong-listed companies conducted share buybacks, totaling 37.9 million shares and an aggregate amount of HKD 999 million [1][2]. Group 1: Major Companies Involved in Buybacks - Tencent Holdings repurchased 1.057 million shares for HKD 636 million, with a yearly total buyback amount of HKD 78.765 billion [1][2]. - Xiaomi Group-W bought back 3.9 million shares for HKD 151 million, with a total buyback amount of HKD 6.136 billion for the year [1][2]. - China COSCO Shipping Holdings repurchased 3.46 million shares for HKD 47.9 million, with a total buyback amount of HKD 6.866 billion for the year [1][2]. Group 2: Buyback Statistics - The highest buyback amount on December 29 was from Tencent Holdings at HKD 636 million, followed by Xiaomi Group-W at HKD 151 million [1][2]. - The largest number of shares repurchased on December 29 was by Four Seasons Medicine, with 8 million shares, followed by Xiaomi Group-W and China COSCO Shipping Holdings with 3.9 million and 3.46 million shares, respectively [1][2]. Group 3: Additional Companies and Their Buyback Data - Kingsoft repurchased 713,600 shares for HKD 20 million, with a total buyback amount of HKD 33.465 million for the year [2]. - Kuaishou-W bought back 310,000 shares for HKD 20 million, with a total buyback amount of HKD 306.840 million for the year [2]. - Other notable companies include Miniso Group, which repurchased 320,600 shares for HKD 1.195 million, and Four Seasons Medicine, which had a total buyback amount of HKD 15.332 million for the year [2][3].

格隆汇勾股大数据显示，腾讯控股(00700)、小米集团-W(01810)、三花智控(02050)、中远海控(01919)、 金山软件(03888)、快手-W(01024)、巨子生物(02367)、碧桂园服务(06098)、名创优品(09896)、四环医 药(00460)、明源云(00909)、津上机床中国(01651)、多点数智(02586)、科济药业-B(02171)、富智康集团 (02038)、趣致集团(00917)、汇通达网络(09878)、海吉亚医疗(06078)、心玮医疗-B(06609)、德康农牧 (02419)、绿城服务(02869)、捷利交易宝(08017)、歌礼制药-B(01672)、VITASOY INT'L(00345)、同道猎 聘(06100)、海尔智家(06690)、荃信生物-B(02509)、知行科技(01274)、连连数字(02598)、昊海生物科技 (06826)、锅圈(02517)、叮当健康(09886)、天伦燃气(01600)、中远海发(02866)、信利国际(00732)、绿茶 集团(06831)、思派健康(00314)、希玛医疗(03309)、枫叶教育(01317)、北 ...

| 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.29 | 71.36 | 28.160 | 27.880 | 1999.66 | | 2025.12.24 | 35.22 | 28.460 | 28.260 | 999.62 | | 2025.12.23 | 70.84 | 28.380 | 28.140 | 1999.67 | | 2025.12.22 | 35.40 | 28.320 | 28.160 | 999.70 | | 2025.12.18 | 17.68 | 28.400 | 28.120 | 499.86 | | 2025.12.17 | 22.84 | 28.440 | 27.940 | 642.72 | | 2025.12.16 | 71.24 | 28.200 | 27.920 | 1999.81 | | 2025.12.15 | 70.28 | 28.620 | 28.260 | 1999.94 | | 2025.12.11 | 35.22 | ...