BUTONG GROUP 不同集 團 （於開曼群島註冊成立的有限公司） （股份代號：6090） 董事名單及其角色與職能 不同集團董事（「董事」）會（「董事會」）成員載列如下： 執行董事 汪蔚先生 沈凌女士 顏棟先生 獨立非執行董事 嚴健軍先生 余振球先生 陳穎琪女士 董事會下設三個委員會。下表載列該等委員會的成員資料。 | | 董事會委員會 審計委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 董事 | | | | | 汪蔚先生 | | M | C | | 沈凌女士 | | | | | 顏棟先生 | | | | | 嚴健軍先生 | M | C | | | 余振球先生 | C | M | M | | 陳穎琪女士 | M | | M | 附註： C 相關董事會委員會主席 M 相關董事會委員會成員 2025年9月22日 ...

提名委員會－職權範圍 3. 會議 1 BUTONG GROUP 不同集團 （於開曼群島註冊成立的有限公司） （「公司」） 1. 成員 2. 秘書 1.1 公司提名委員會（「提名委員會」）須由公司董事會（「董事會」）成立，且須由過 半數獨立非執行董事組成，且至少一名成員為不同性別。 1.2 提名委員會須由董事會主席擔任主席或獨立非執行董事在提名委員會內任 職，並由董事會委任。 1.3 提名委員會成員的委任期限須由董事會於委任日期決定。 2.1 提名委員會秘書須由公司秘書擔任。 2.2 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為提名委員會秘 書。 3.1 提名委員會成員在必要情況下可隨時召開會議。 3.2 任何會議舉行之前須作出適當通知，除非提名委員會全體成員一致通過豁免 該通知。不論所作出之通知期，提名委員會成員出席會議將被視為成員豁免 所需之通知規定。 3.3 議程及隨附之董事會文件應全部及時送交全體董事，惟最遲須於提名委員會 會議擬定舉行日期前3天（或其他協定期間）。 3.4 提名委員會處理事務所需之法定人數為任何兩名提名委員會成員，其中一名 成員須為獨立非執行董事。 4. 出席會議 5. 股東 ...

BUTONG GROUP 不同集團 （於開曼群島註冊成立的有限公司） （「公司」） 薪酬委員會－職權範圍 1. 成員 2. 秘書 3. 會議 1 2.1 薪酬委員會秘書須由公司秘書擔任。 2.2 薪酬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薪酬委員 會秘書。 3.1 薪酬委員會每年最少須舉行一次會議。 3.2 任何會議舉行之前須作出適當通知，除非薪酬委員會全體成員一致通過 豁免該通知。不論所作出之通知期，薪酬委員會成員出席會議將被視為 成員豁免所需之通知規定。 3.3 議程及隨附之董事會文件應全部及時送交全體董事，惟最遲須於薪酬委 員會會議擬定舉行日期前3天（或其他協定期間）。 3.4 薪酬委員會處理事務所需之法定人數為任何兩名薪酬委員會成員，其中 一名成員須為獨立非執行董事。 4. 出席會議 5. 股東週年大會 5.1 薪酬委員會主席或（如缺席）薪酬委員會的另一名成員或（如缺席）其正式 委任代表應出席公司的股東週年大會，並回應股東就薪酬委員會之活動 及責任作出的問詢。 2 3.5 會議可以親身出席或採用電話或視像會議等電子方式舉行。薪酬委員會 成員可透過電話或任何類似通訊設備（所有參與會議之人士均 ...

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 ...

Core Insights - The new generation of parents, particularly those born after 1995 and 2000, is becoming the main force in the parenting market, with BeBeBus, a maternal and infant brand, preparing for its IPO with an expected market value of HKD 6 billion [1] - Over the past three years, the parent company, Different Group, has experienced rapid growth, with a compound annual growth rate (CAGR) of 56.9% in revenue and 236.8% in adjusted net profit [3] - Different Group aims to become the "first high-end maternal and infant consumption technology stock" by focusing on innovative product designs that meet the emotional and practical needs of new-generation parents [3][4] Product Differentiation - Different Group's core brand, BeBeBus, integrates original aesthetic design with the emotional needs of new-generation parents, focusing on products like baby strollers and child safety seats [4] - The BeBeBus space capsule car seat features a unique design that enhances safety and comfort, utilizing advanced materials like Cobra memory foam for impact resistance [6] - The brand's products not only fulfill basic functions but also carry emotional value and social attributes, appealing to parents' desire for both practicality and aesthetic expression [6] Market Strategy - Different Group categorizes its products into four key scenarios: parent-child travel, sleep, feeding, and hygiene care, allowing for a targeted approach to product development [7] - The company has cultivated a loyal community of over 3 million members, with a private platform repurchase rate increasing from 45.7% in 2022 to 52.3% in the first half of 2025, indicating strong customer engagement [8] - The "Butterfly Car" product was developed through collaboration with a diverse group of mothers, showcasing the company's commitment to user co-creation and addressing hidden consumer needs [8][9] Expansion Plans - Different Group is strategically expanding into fast-moving consumer goods and international markets, with the IPO expected to accelerate growth [10] - The company is also enhancing its product lineup with consumer goods that maintain high design and functional standards, such as the Diamond Milk Bottle and travel-friendly diapers [11] - Revenue from child care products exceeded RMB 300 million in the first half of 2025, with a year-on-year growth rate of over 70%, while maintaining a focus on durable parenting products [13] Global Reach - Different Group is establishing subsidiaries in various international markets, including Europe, North America, and Japan, while leveraging platforms like Amazon for localized distribution [13] - A new production facility in Ningbo is under construction, expected to be completed by 2026, with an annual capacity of 800,000 units for various baby products [13] - The company's growth strategy emphasizes continuous innovation to meet modern family needs, aiming to lead the global high-end maternal and infant brand market [14]

Core Viewpoint - The company, Different Group, is set to launch an IPO for its brand BeBeBus, aiming to raise capital to further expand its presence in the high-end parenting products market, which is experiencing significant growth in China [1][3]. Financial Performance - Different Group's revenue is projected to grow from 507 million yuan in 2022 to 1.249 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 56.9% [3]. - Gross profit is expected to increase from 242 million yuan to 629 million yuan during the same period, with a CAGR of 61.3% [3]. - Adjusted net profit is forecasted to rise at a CAGR of 236.8% from 2022 to 2024 [3][18]. Market Position - BeBeBus ranks first among durable parenting product brands targeting mid-to-high-end consumers in China, according to data from Frost & Sullivan [3]. - The high-end parenting market in China is projected to grow from 25.6 billion yuan in 2020 to 34 billion yuan in 2024, with expectations to reach 50.9 billion yuan by 2029 [5]. Product Innovation - Different Group emphasizes a differentiated product strategy, focusing on high quality, aesthetics, and technology to meet the needs of new-generation parents [5][6]. - The company has introduced innovative products like a modular folding crib and a smart children's safety seat, which address common pain points in traditional designs [7][12][16]. User Engagement and Community Building - BeBeBus has established a user co-creation model, engaging over 16,000 influencers and conducting in-depth research with more than 2,000 mothers to identify parenting pain points [9][10]. - The brand has successfully built a community that enhances user loyalty and drives repeat purchases, with over 3.5 million online platform members [10]. ESG and Sustainability - Different Group is advancing its ESG initiatives, focusing on supply chain management and sustainable practices, with several products already certified for carbon footprint [14]. Global Expansion - The company is expanding its distribution channels, increasing the number of third-party stores from 742 at the end of 2022 to 3,400 by mid-2025, and is exploring international markets [19]. Future Outlook - Different Group aims to integrate its brand ethos of "Creating Different" into every aspect of modern family life, leveraging continuous innovation and user insights to drive sustainable growth [20].

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 ...