Core Points - Luoyang Molybdenum Co., Ltd. announced that Mr. Xu Hui has been confirmed by the Stock Exchange to meet the qualifications to serve as the company secretary after the waiver period on November 4, 2025 [1] - Ms. Wu Xiuwai resigned as co-secretary of the company on November 6, 2025, following her resignation, Mr. Xu has been appointed as the company secretary [1] - After Ms. Wu's resignation, she also stepped down as the authorized representative under Listing Rule 3.05, with Mr. Xu replacing her as the authorized representative effective from November 6, 2025 [1] - Executive Director Mr. Liu Jianfeng continues to serve as another authorized representative [1]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. announced the appointment of Mr. Xu Hui as the company secretary following the resignation of Ms. Wu Xiuwai, effective November 6, 2025 [1] Group 1 - Mr. Xu Hui's qualification to serve as company secretary was confirmed by the Stock Exchange after the waiver period [1] - Ms. Wu Xiuwai resigned as co-company secretary and also as the authorized representative under Listing Rule 3.05 [1] - Mr. Xu Hui has been appointed as the authorized representative, effective from November 6, 2025 [1]

Group 1 - The announcement states that Mr. Xu Hui has been confirmed by the Stock Exchange to meet the qualifications to serve as the company secretary after the waiver period, effective November 4, 2025 [1] - Ms. Wu Xiuwai has resigned as co-company secretary on November 6, 2025, following her departure, she also resigned as the authorized representative under Listing Rule 3.05 [1] - Mr. Xu has been appointed as the authorized representative, effective from November 6, 2025 [1]

及 變更授權代表 我們提述洛陽欒川鉬業集團股份有限公司（「本公司」）日期為2022年10月8日及 2022年10月12日之公告，內容有關（其中包括）委任徐輝先生（「徐先生」）及伍秀 薇女士（「伍女士」）為本公司聯席公司秘書（各自及統稱為「聯席公司秘書」），及 香港聯合交易所有限公司（「聯交所」）向本公司授出的須嚴格遵守聯交所證券上市 規則（「上市規則」）第3.28及第8.17條規定的豁免（「豁免」），豁免期自委任徐先生 為聯席公司秘書之日起計，為期三年。 聯席公司秘書資格的更新及聯席公司秘書辭任 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年11月4日，聯交所確認徐 先生於豁免期後符合上市規則第3.28條項下擔任本公司公司秘書的資格。因此， 伍女士已於2025年11月6日辭任聯席公司秘書。伍女士已確認，彼與董事會並無 意見分歧，亦無有關其辭任的事宜須提呈聯交所及本公司股東垂注。 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，概不對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。 CMOC ...

Group 1 - Goldman Sachs has raised GDP growth expectations for China and India due to manufacturing and export growth [1] - The report expresses a more favorable outlook for the technology, materials, insurance, and industrial sectors this month [1] - Ratings for the energy sector and other industries have been downgraded [1] Group 2 - Goldman Sachs has released a new list of buy-rated stocks in the Hong Kong market, including AIA (01299.HK), Techtronic Industries (00669.HK), China Pacific Insurance (02328.HK), and Lenovo Group (00992.HK) among others [2] - The list features a total of 25 companies, indicating a diverse range of sectors and investment opportunities [2][3]

Group 1 - Goldman Sachs has raised GDP growth expectations for China and India due to manufacturing and export growth [1] - The report expresses a positive outlook for the technology, materials, insurance, and industrial sectors this month [1] - Ratings for the real estate and energy sectors have been downgraded [1] Group 2 - A list of recommended stocks for investment in the Hong Kong market includes: AIA (01299.HK), Xiaomi-W (01810.HK), Hong Kong Exchanges (00388.HK), Ping An (02318.HK), Zijin Mining (02899.HK), Techtronic Industries (00669.HK), China Pacific Insurance (02328.HK), China Life Insurance (02601.HK), Lenovo Group (00992.HK), Luoyang Molybdenum (03993.HK), Hua Hong Semiconductor (01347.HK), Zhaojin Mining (01818.HK), Chalco (02600.HK), Weichai Power (02338.HK), CICC (03908.HK), Jiangxi Copper (00358.HK), AAC Technologies (02018.HK), Conch Cement (00914.HK), BYD Electronics (00285.HK), Minmetals Resources (01208.HK), CRRC (01766.HK), JD Logistics (02618.HK), Swire Properties A (00019.HK), China National Building Material (03323.HK), and Times Electric (03898.HK) [1]

Core Viewpoint - The A-share market is experiencing increased volatility, with a focus on style rebalancing as several well-known balanced fund managers have proactively adjusted their holdings in anticipation of market changes [1] Group 1: Investment Opportunities - Fund managers are identifying investment opportunities in sectors such as engineering machinery, chemicals, and non-ferrous metals, with some products in these sectors at the bottom of their price ranges [1][4] - Notable companies like China Ping An, Wanhua Chemical, XCMG, Sany Heavy Industry, and Luoyang Molybdenum have been added to the heavy stock lists or continuously increased in holdings by various fund managers [1][2] - The resource sector, particularly non-ferrous metals, has attracted significant attention, with funds increasing their positions in companies like Zijin Mining and Huaxi Nonferrous [3] Group 2: Fund Manager Actions - China Ping An has gained favor among several balanced and growth fund managers, with total holdings in various funds reaching significant values, such as 794 million yuan and 358 million yuan [2] - Fund managers like Zhou Weiwen have increased allocations to non-ferrous metals, engineering machinery, and chemicals, anticipating revenue growth as overseas demand recovers [4] - The mechanical sector has also seen increased interest, with funds like Morgan Emerging Power adding XCMG to their top holdings [2] Group 3: Market Trends and Strategies - The recent shift towards value and cyclical stocks is seen as a response to the high valuation of technology growth stocks, leading to a balanced investment strategy to mitigate risks [1][7] - ETFs tracking various indices have seen significant net inflows, indicating a market trend towards lower valuation and dividend-paying assets [6] - The market is expected to undergo a style switch, with institutions likely to adjust their portfolios in November to prepare for the upcoming spring market [6][7]

Core Viewpoint - JPMorgan has reduced its stake in Luoyang Molybdenum Co., Ltd. by selling approximately 2.883 million shares at a price of HKD 17.259 per share, totaling around HKD 49.7589 million, resulting in a new holding of approximately 234 million shares, representing 5.94% of the company [1] Summary by Category - **Shareholding Changes** - JPMorgan sold 2.883071 million shares of Luoyang Molybdenum [1] - The sale price was HKD 17.259 per share [1] - The total amount raised from the sale was approximately HKD 49.7589 million [1] - After the reduction, JPMorgan's remaining shares are approximately 234 million, equating to a 5.94% ownership stake [1]

Core Viewpoint - JPMorgan has reduced its stake in Luoyang Molybdenum Co., Ltd. by selling 2,883,071 shares at a price of HKD 17.259 per share, totaling approximately HKD 49.7589 million, resulting in a new holding of about 234 million shares, representing 5.94% of the company [1] Summary by Category - **Share Reduction Details** - JPMorgan sold 2,883,071 shares of Luoyang Molybdenum at HKD 17.259 per share [1] - The total amount from the sale was approximately HKD 49.7589 million [1] - **Post-Transaction Holdings** - After the reduction, JPMorgan's remaining shares in Luoyang Molybdenum are approximately 234 million [1] - The new ownership percentage stands at 5.94% [1]

Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is a significant player in the mining industry, particularly in the production of various metals including cobalt, copper, and tungsten, with a focus on expanding its gold business and maintaining a diversified portfolio of precious metals [2][3][7]. Company Overview - Luoyang Molybdenum is the second-largest cobalt producer globally, with cobalt products sold in international markets [2]. - The company operates in the non-ferrous metal mining sector, engaging in the mining, smelting, and deep processing of metals such as copper, molybdenum, tungsten, cobalt, niobium, and phosphorus, and is among the top five molybdenum producers and the largest tungsten producer globally [2]. - The company has a comprehensive integrated industrial chain and is also the second-largest producer of phosphorus fertilizer in Brazil [2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 145.485 billion yuan, a year-on-year decrease of 5.99%, while the net profit attributable to shareholders increased by 72.61% to 14.280 billion yuan [8]. - The company has distributed a total of 21.562 billion yuan in dividends since its A-share listing, with 10.576 billion yuan distributed over the past three years [9]. Production and Growth - The company holds an 80% stake in the NPM copper-gold mine in Australia, with gold equity production of 16,000 ounces in 2022 and a guidance of 25,000 to 27,000 ounces for 2023, representing a year-on-year increase of 56% to 69% [3]. - In 2025, the company successfully completed the acquisition of Ecuador's Odin Mining (KGHM Gold Mine) and is advancing development with plans to commence production by 2029 [3]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 304,200, reflecting a rise of 28.08% [8]. - The stock has seen a net inflow of 11.586 million yuan today, with a total market capitalization of 338.886 billion yuan [1][5].