BUTONG GROUP 不同集團 （於開曼群島註冊成立的有限公司） （「公司」） 審計委員會－職權範圍 1. 成員 2. 秘書 3. 會議 1 1.1 公司審計委員會（「審計委員會」）須由公司董事會（「董事會」）成立，且至少須 由三名成員組成。 1.2 審計委員會成員須僅由非執行董事組成，當中過半數成員須為公司獨立非執 行董事及至少一名為具備合適專業資格或會計或相關財務管理專長的獨立非 執行董事。 1.3 審計委員會主席須為獨立非執行董事，並由董事會委任。 1.4 倘審計委員會亦包括非執行董事，則公司現有核數公司前合夥人於(a)不再為 該公司合夥人之日；或(b)不再於該公司享有任何財務利益之日（以日期較後 者為準）起計兩年期間不得出任審計委員會成員。 1.5 審計委員會成員的委任期限須由董事會於委任日期決定。 2.1 審計委員會秘書須由公司秘書擔任。 2.2 審計委員會可不時委任其他任何具備合適資格及經驗之人士為審計委員會秘 書。 3.1 審計委員會每年最少須舉行兩次會議。公司之外聘核數師如認為有需要，可 要求舉行會議。 3.2 任何會議舉行之前須作出適當通知，除非審計委員會全體成員一致通過豁免 該通知。不 ...

開曼群島 公司法（經修訂） BUTONG GROUP 不同集團 獲豁免股份有限公司 第二次經修訂及重列 組織章程大綱及細則 （經於2025年7月22日通過的特別決議案採納， 並於股份在香港聯合交易所有限公司主板上市之日起生效） 開曼群島 公司法（經修訂） 不同集團 獲豁免股份有限公司 的 第二次經修訂及重列 組織章程大綱 （經於2025年7月22日通過的特別決議案採納， 並於股份在香港聯合交易所有限公司主板上市之日起生效） 1 名稱 本公司名稱為不同集團。 2 註冊辦事處 本公司的註冊辦事處位於3-212 Governors Square, 23 Lime Tree Bay Avenue, P.O. Box 30746, Seven Mile Beach, Grand Cayman KY1-1203, the Cayman Islands或董事會可不時決定的其他開曼群島地點。 3 宗旨及能力 在本大綱8段的規限下，本公司的成立宗旨並無限制，而本公司須擁有十足 權力及授權以達成開曼群島法律並無禁止的任何宗旨。不論涉及何種公司利 益，本公司為法人團體，可行使具備完全行為能力的自然人的全部職能。 4 股本 本公司的 ...

不止于漂亮的外观，太空舱更是全球首批智能儿童安全座椅，通过增加在车门打开时自动旋转的智能系统，让父母更轻松地将儿童抱入座椅及从座椅中抱 出；通过加入App操控设计，父母可以在儿童入睡时用手机App调整角度，将对颈部和头部的压力降至安全水平。 95后、00后的新生代逐渐成为新手父母的主力，与他们一同成长的母婴品牌BeBeBus也即将迎来IPO的发展新阶段。BeBeBus母公司不同集团(06090.HK)将 于9月23日正式挂牌上市，预期市值将达到60亿港元。 过去三年，不同集团迎来飞速发展，营业收入、经调整净利润年复合增长率分别达56.9%、236.8%。2025年上半年，不同集团实现营业收入7.26亿元、净利 润4850.7万元，在多元化布局逐步深入的背景下，这家选择以"创造不同"作为核心主张的不同集团正式向着"高端母婴消费科技第一股"的目标快步前进。 产品筑基：差异化打造用户价值 当下，新生代父母在选择母婴产品时，不仅看重品质感与外观颜值，更注重产品所承载的悦己情绪价值。 不同集团旗下核心品牌BeBeBus率先将原创美学设计与新生代父母的"悦己情绪需求"深度融合，以婴儿推车、儿童安全座椅为核心切入点，契合潮 ...

来源：新尧网综合 BeBeBus母公司不同集团（股票代码06090.HK）于2025年9月15日至9月18日正式公开招股，中信证券、海通国际担任联席保荐人。 此次IPO，不同集团计划全球发售1098.09万股股份，其中988.28万股股份为国际发售股份，109.81万股股份为香港公开发售股份，每股发售股份价 格介于62.01港元至71.20港元。 本次发行中，不同集团共引入三名基石投资者——信庭基金、上海通怡（华泰掉期）和Great Praise分别认购500万美元。 图片来源于网络 不同集团专注于设计并销售育儿产品，于2019年创立了品牌BeBeBus，诞生短短几年，便完成从"新品牌"到"行业头部"的跨越，备受市场关注。 据弗若斯特沙利文数据，按2024年的GMV计算，BeBeBus在中国面向中高端消费者的耐用型育儿产品品牌中排名第一。 财务数据显示，不同集团的增长态势显著：2022年至2024年营收，从5.07亿元稳步增至12.49亿元，三年间年复合增长率（CAGR）高达56.9%；毛 利同步从2.42亿元攀升至6.29亿元，年复合增长率（CAGR）进一步提升至61.3%；2022年至2024年，经调整净 ...

Core Insights - Centurion Accommodation REIT (CAREIT) is the first pure-play, purpose-built living accommodation REIT to list on the Singapore Exchange (SGX), focusing on Purpose-Built Worker Accommodation (PBWA) in Singapore and Purpose-Built Student Accommodation (PBSA) in the UK and Australia [1][3][33] - CAREIT will debut with a portfolio of 14 properties valued at approximately S$1.8 billion, which will expand to 15 properties worth S$2.1 billion post-acquisition of Epiisod Macquarie Park in Australia [3][4] - The REIT aims to generate rental income from essential accommodation, catering to the needs of workers and students, which is expected to provide stability through economic cycles [7][8] Portfolio and Growth Strategy - The initial portfolio includes five PBWA assets in Singapore and eight PBSA properties in the UK, along with one in Australia [3] - CAREIT is enhancing existing assets, with projects underway to add over 5,400 beds by 2026 [7] - The REIT is backed by Centurion Corporation Limited (CCL), which has S$2.6 billion in assets under management and a commitment to capital recycling for growth [9][11][12] Financial Performance and Projections - CAREIT's gross revenue is projected to grow at a compound annual growth rate (CAGR) of 23.7% from 2022 to 2024, with net property income (NPI) growing at over 29% CAGR [17] - Occupancy rates have recovered and surpassed pre-COVID levels, contributing to the positive financial outlook [19][21] - The REIT will list with a conservative gearing ratio of approximately 20.9%, which will rise to 31% post-acquisition, allowing for potential future acquisitions without raising equity [24][25] Distribution and Investor Appeal - At an IPO price of S$0.88 per unit, CAREIT is projecting a distribution yield of 7.47% for 2026, increasing to 8.11% for 2027, with a commitment to distribute 100% of its distributable income through 2027 [26] - The first distribution is expected by March 2026, with subsequent semi-annual payouts [27] - CAREIT offers a unique investment opportunity in essential accommodation, backed by a sponsor with operational expertise and a significant stake in the REIT [33]

Core Viewpoint - The company, BeBeBus, is set to go public through its parent company, Different Group, with a strong market response and high growth potential in the premium parenting products sector [1][10]. Group 1: IPO Details - Different Group plans to issue 10.9809 million shares at a price range of HKD 62.01 to 71.20, with the IPO scheduled for September 23 [1]. - The company has received significant interest from cornerstone investors, with total subscriptions reaching USD 15 million [1]. - The IPO is expected to have a low winning rate of less than 2% for individual investors due to high demand, with over 10.9 times subscription [1]. Group 2: Financial Performance - The company has shown impressive revenue growth, with projected revenues of RMB 5.07 billion, RMB 8.52 billion, and RMB 12.49 billion for 2022, 2023, and 2024 respectively, reflecting a CAGR of 56.9% [2]. - In the first half of 2025, the company achieved revenue of approximately RMB 7.26 billion, a year-on-year increase of 24.7%, and net profit of about RMB 48.51 million, up 72.1% from the same period in 2024 [3]. Group 3: Product and Market Strategy - BeBeBus has established itself as a leader in the high-end parenting product market since its inception in 2019, focusing on innovative and differentiated products [1][5]. - The company has developed a diverse product line with 459 SKUs, expanding from core products like strollers and car seats to include various parenting solutions [6]. - The brand emphasizes user experience and has a strong focus on spinal health for infants, with several products certified by the International Chiropractic Association [5]. Group 4: Customer Engagement and Brand Loyalty - The average transaction value for orders containing at least one core product exceeds RMB 2,400, indicating a high customer spending level [8]. - The overall repurchase rate has increased from 20.1% in 2022 to 40.2% by mid-2025, demonstrating growing customer loyalty [8]. - The company has built a comprehensive channel network, with a significant online presence across major platforms and a growing offline distribution network [10]. Group 5: Intellectual Property and Market Position - As of mid-2025, the company holds 200 registered patents and 603 domestic trademarks, establishing a solid intellectual property foundation [10]. - The company is positioned as a unique player in the high-end parenting market, with strong brand power, channel development, and user loyalty, indicating a clear growth trajectory [10].

智通财经APP获悉，不同集团(06090)、奇瑞汽车(09973)正在招股中。截止9月17日，富途、辉立、华盛 等券商合计为不同集团借出253.2857亿港元，超购逾323倍；合计为奇瑞汽车借出76.4525亿港元，超购 逾7.3倍。 | | | 新股仔展 (9月17日) | | | --- | --- | --- | --- | | 新股 | 券商 | 仔展(亿港元) | 息率% | | 不同集团 | 辉立 | 88.00 | 0.00 | | | 富途 | 48.96 | 0.00 | | | 华盛 | 18.55 | 0.00 | | | 耀才 | 18.00 | 0.00 | | | 信诚 | 3.00 | 0.00 | | | 密立 | 1.697 | 0.00 | | (06090) | 时量 | 0.78 | 0.00 | | | 艾德 | 0.029 | 0.00 | | | 真他呉和 | 74.2697 | | | | 共计 | 253.2857 | | | | | 集资额:0.78亿元 | | | | | 认购:超购逾323倍 | | | 奇瑞汽车 | 富途 | 26.68 | 0.00 ...

Company Overview - Yaojie Ankang, listed on June 23, 2023, saw its stock price surge by 115.58%, reaching 415 HKD per share, with a market capitalization of 164.7 billion HKD, reflecting a 30-fold increase in less than three months [1][4] - The company currently has no commercialized products and reported a loss exceeding 100 million RMB in the first half of the year, highlighting a stark contrast between its financial fundamentals and its market valuation [4] - The stock has been included in the Hong Kong Stock Connect as of September 8, 2023, which may be driving speculative trading to attract mainland index funds [4] Financial Performance - For the first half of 2025, the company reported revenue of 726 million RMB and a profit of 48.51 million RMB, indicating a profit margin of 6.7% [9] - Revenue for the years 2022 to 2024 was 507.2 million RMB, 852.1 million RMB, and 1.248 billion RMB, respectively, with corresponding net profits of -21.23 million RMB, 27.22 million RMB, and 58.52 million RMB [8] - The company’s gross profit margin has shown improvement, with a gross profit of 358.49 million RMB in the first half of 2025, reflecting a margin of 49.4% [9] Market Position and Strategy - Different Group, established in 2018, focuses on designing and selling high-end parenting products, ranking second in China's mid-to-high-end parenting product market with a market share of 4.2% [6] - The company has a diverse product line with 459 SKUs and a distribution network that includes major e-commerce platforms and 3,400 third-party stores [7][6] - The customer repurchase rate increased from 20.1% in 2022 to 40.2% in June 2025, indicating growing brand loyalty [11] Industry Insights - Despite a decline in newborn numbers in China, the mid-to-high-end parenting product market is expected to grow faster than the overall market due to rising consumer demands for quality and safety [12] - The competitive landscape is fragmented, with the top five brands holding only 18.4% of the market share, allowing for opportunities for growth [12] - Different Group adopts a differentiated strategy, competing with international brands while maintaining more affordable pricing and focusing on quality and design compared to local brands [13]

港股打新盛宴正酣，资金涌动。根据WIND数据显示，今年以来多只新股获得超额收益，赚钱效应持续引爆市场热情。 在这场资本盛宴迎来高光时刻——在母婴赛道中"不同集团"（06090.HK）正式启动招股，强势登陆港交所舞台。集团将成为"高端母婴消费科技第一股"，其 发行引发市场高度聚焦。 根据招股安排，不同集团将于9月15日至9月18日公开招股，发行价区间为62.01-71.20港元/股，每手入场约7191.8港元，市值预计介于56.27亿至64.61亿港 元，并计划于9月23日正式挂牌上市。BeBeBus在本次发行中共引入三名基石投资者——信庭基金、华泰资本最终投资客户和Great Praise分别认购500万美 元。此前，BeBeBus还已获得天图投资、高榕创投、经纬创投和泰康人寿的投资。 图表一：不同集团招股书节选 数据来源：公司公告，格隆汇整理 港股IPO持续升温，投资收益率可观 今年以来，港股IPO市场持续升温，交投活跃。 WIND数据显示，自7月以来，已有18家企业成功登陆港交所，其中14家于上市首日录得正收益，占比接近八成。统计显示，这批新上市企业的首日平均涨 幅达39.63%，上市以来累计平均涨幅为4 ...

| | | 新股仔展 (9月15日) | | | --- | --- | --- | --- | | 新股 | 券商 | 子展(亿港元) | 息率% | | | 富途 | 1171.00 | 0.00 | | | 辉立 | 415.00 | 0.00 | | | 信诚 | 100.00 | 0.00 | | | 耀才 | 74.00 | 0.00 | | | 华盛 | 45.80 | 0.00 | | 劲方医药- | 盈立 | 11.24 | 0.00 | | B(02595) | 时富 | 1.40 | 0.00 | | | 艾德 | 0.9455 | 0.00 | | | 其他总和 | 377.047 | | | | 共计 | 2196.4325 | | | | | 集资额:1.58亿元 | | | | | 认购:超购逾1389倍 | | | 不同集团 | 富途 | 3.17 | 0.00 | | | 信诚 | 1.00 | 0.00 | | | 时喜 | 0.78 | 0.00 | | | 华盛 | 0.22 | 0.00 | | | 辉立 | 0.21 | 0.00 | | | | 0.16 | 0. ...