Group 1 - Global New Materials International Holdings Limited (GNMI) has completed the acquisition of Merck's Surface Solutions business for €665 million (approximately HKD 5.586 billion) [1] - The acquisition will enhance GNMI's geographic coverage and sales pipeline, with Surface Solutions continuing to operate under the Susonity brand [1] - Production facilities in Germany, Japan, and the United States will serve as regional centers for the expanded business [1] Group 2 - The acquisition allows GNMI to integrate high-performance materials and solutions in cosmetics and industrial applications into its product portfolio, accelerating penetration into key high-end markets, particularly in the automotive and cosmetics sectors [1] - GNMI's chairman stated that this strategic acquisition marks a significant milestone in the company's global expansion and transformation from a leading pigment manufacturer to a comprehensive surface solutions provider [1] - Approximately 1,100 employees, including over 600 in Germany, have transitioned to GNMI, with job security guaranteed until 2032 for the German workforce [1] Group 3 - GNMI, established in 2011 and headquartered in Guangxi, China, is a pearlescent pigment manufacturer listed on the Hong Kong Stock Exchange, with a projected consolidated net income of RMB 4.776 billion (approximately €615 million) for 2024 [2] - The company employs around 2,000 staff and has production bases in China, South Korea, Germany, Japan, and the United States, offering a range of solutions under brands like Chesir, CQV, and Susonity [2] - Merck, a leading technology company with approximately 63,000 employees, reported sales of €21.2 billion in 2024 across 65 countries [2]

Group 1 - The acquisition of Merck KGaA's Global Surface Solutions business marks a significant milestone for the company, establishing it as a leading global platform in new materials technology [1][2] - The core assets acquired include all technical patents, advanced R&D capabilities, global production bases, a diversified product matrix, and a mature customer network [1][2] - The acquisition is expected to enhance the company's market penetration, particularly in the automotive and cosmetics sectors, by integrating high-performance materials and industrial applications [1][2] Group 2 - In 2024, Merck's surface solutions business generated revenue of €402 million (approximately RMB 3.306 billion), while the company reported revenue of RMB 16.49 billion [2] - Following the acquisition, the company will become a technology industry group centered on surface functional materials, extending into high-performance materials, cosmetics, and industrial applications [2][3] - The company is recognized as a leading supplier of pearlescent pigments and high-end surface performance materials, with a focus on technological innovation [3]

Core Insights - The acquisition of Merck's Surface Solutions business by Global New Materials International for €665 million marks a significant consolidation in the global pearlescent materials market [1][2] - The integration aims to enhance Global New Materials' product matrix and strengthen its technological capabilities while expanding its global high-end customer base [1][2] Company Overview - Global New Materials International now holds 100% ownership of Merck's Surface Solutions, which has been rebranded as SUSONITY [1] - SUSONITY is the market leader in natural mica-based pearlescent pigments, while Global New Materials is the leader in synthetic mica-based pigments [2] Market Strategy - Post-acquisition, Global New Materials will integrate SUSONITY's international sales channels to expand its global market presence, particularly in automotive coatings and cosmetics [2] - The acquisition is expected to enhance brand premium and pricing power due to SUSONITY's leadership in global pearlescent pigments [2] Operational Integration - SUSONITY will continue to operate as an independent brand, maintaining its core team and existing business structures in Germany, the U.S., and Japan [2] - The production facilities in Germany, Japan, and Georgia, USA, will remain operational and serve as regional hubs, retaining all 1,200 employees [2] Industry Context - The pearlescent materials market is undergoing a restructuring phase, with increasing demand for high-purity, weather-resistant, and environmentally safe applications [3] - The domestic breakthroughs in core raw materials like synthetic mica enable Chinese companies to challenge traditional international giants in the high-end materials sector [3]

7月31日晚间，环球新材国际(06616)发布公告，宣布此次收购德国默克集团全球表面解决方案业务已正 式完成交割。收购完成后，公司除了在中、韩原有的生产基地，还将拥有默克在德、日、美等地的生产 基地及全球销售网络。 环球新材国际表示，此次收购将进一步扩大公司业务地域覆盖及销售渠道。高度互补的业务整合也将加 快公司对全球重点优质市场的渗透，公司将进一步丰富产品组合，提升主营业务竞争力，特别是在汽车 及化妆品领域。同时将强化全球供应链，实现降本增效，提升营运效率。 ...

Core Viewpoint - The acquisition of global surface solutions business by Global New Materials International (06616) marks a significant step in expanding its geographic coverage and sales channels, enhancing its global presence in key markets, particularly in the automotive and cosmetics sectors [1] Group 1: Strategic Acquisition - The strategic acquisition completed on July 31, 2025, allows the company to integrate highly complementary businesses, accelerating penetration into premium global markets [1] - The integration of global operations in high-performance materials, cosmetics, and industrial applications will enrich the company's product portfolio and enhance competitiveness [1] Group 2: Supply Chain and Operational Efficiency - The transaction strengthens the company's supply chain and provides a clear cost reduction pathway to achieve synergies, benefiting customers and improving overall operational efficiency [1] - New production facilities located in Germany, Japan, and the United States will serve as regional hubs for the expanded business [1] Group 3: Research and Development - The acquisition is expected to enhance the company's technological research and development capabilities, contributing to improved environmental, social, and governance standards [1]

格隆汇7月31日丨环球新材国际(06616.HK)公告，内容有关(其中包括)收购全球业务的非常重大收购事 项。成交已于2025年7月31日落实。 此次策略性收购全球业务，使集团得以进一步扩大其主营业务的地域覆盖及销售渠道，标志着集团的全 球布局迈出重要一步。高度互补的业务整合将加快本集团对全球重点优质市场的渗透，特别是汽车及化 妆品领域。透过整合全球业务在高性能材料、化妆品及工业应用领域的专业解决方案，集团得以进一步 丰富其产品组合，提升其主营业务的竞争力。 ...

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。 GLOBAL NEW MATERIAL INTERNATIONAL HOLDINGS LIMITED 環球新材國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：06616） 完成收購全球表面解決方案業務 本公告由環球新材國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）發佈。 董事會欣然宣佈，成交已於二零二五年七月三十一日落實。 此次策略性收購全球業務，使本集團得以進一步擴大其主營業務的地域覆蓋及銷售 渠道，標誌著本集團的全球佈局邁出重要一步。高度互補的業務整合將加快本集團 對全球重點優質市場的滲透，特別是汽車及化妝品領域。透過整合全球業務在高性 能材料、化妝品及工業應用領域的專業解決方案，本集團得以進一步豐富其產品組 合，提升其主營業務的競爭力。 – 1 – 是次交易亦有助於強化本集團的供應鏈，並提供明確的降本路徑以實現協同效應， 從而使客戶受益並全面提升本集團的營運效率。新 ...

Group 1: Market Developments - Hong Kong Stock Exchange will lower the minimum price fluctuation for stocks starting August 4, 2025, following successful market rehearsals and regulatory approvals [1] - The Hang Seng Index's ADR closed at 24,987.99 points, down 6.15 points or 0.02% [3] Group 2: Index Adjustments - The Hang Seng Index announced changes to the calculation method of the Hang Seng Hong Kong Stock Connect Innovative Drug Selection Index, effective from the index review on June 30, 2025 [2] Group 3: Company Earnings - Cathay Pacific reported a 23.3% year-on-year increase in passenger numbers, carrying approximately 2.9 million passengers in June 2025 [8] - China Longgong expects a significant increase in net profit for the first half of 2025, estimated between RMB 590 million and RMB 665 million, representing a year-on-year increase of 29% to 45% [11] - Meitu Company anticipates a 65% to 72% year-on-year growth in adjusted net profit for the first half of 2025 [10] - Hengtou Securities expects a net profit of approximately RMB 239 million for the first half of 2025, a significant increase from RMB 53.87 million in the same period last year [14] - Huiri Group forecasts a consolidated profit of approximately HKD 250 million for the first half of 2025, up from HKD 37 million in the previous year [15] - Harbin Electric anticipates a net profit of approximately RMB 1.02 billion for the first half of 2025, a substantial increase from RMB 523 million in the same period last year [21] Group 4: Strategic Initiatives - Multiple departments released implementation details for cross-border asset management pilot business in Hainan Free Trade Port, allowing foreign investors to invest in various financial products [6] - Dongyangguang Jiangsu Pharmaceutical and Dongyangguang Pharmaceutical's merger agreement was approved by shareholders, with the new entity expected to be listed on August 7, 2025 [13] - Global New Materials International's acquisition of Merck's surface solutions business was approved by a special shareholder meeting, with a transaction value of EUR 665 million [17] Group 5: Industry Trends - GGII reported that China's power battery installation capacity reached approximately 288.1 GWh in the first half of 2025, a year-on-year increase of 44% [5] - The key product DB-1310 from InnoCare Pharma has received fast track designation from the FDA for treating advanced non-small cell lung cancer [20]

Core Viewpoint - The acquisition of Merck Surface Solutions by Global New Materials International is a strategic move aimed at accelerating the company's expansion and reshaping the surface performance materials industry landscape [2][7]. Group 1: Acquisition Details - The acquisition plan was approved unanimously at the shareholders' meeting, with Global New Materials International set to acquire 100% of Merck Surface Solutions for €665 million (approximately ¥5.187 billion), valuing the transaction at 11.08 times the 2023 EBIT [2][6]. - Merck Surface Solutions reported approximately €405 million in revenue and €60 million in EBIT for the fiscal year 2023, holding a significant position in the high-quality pearlescent pigment market, particularly in the automotive and cosmetics sectors [2][3]. Group 2: Strategic Expansion - Global New Materials International has been actively expanding, having previously acquired a 42.45% stake in South Korea's largest pearlescent pigment manufacturer, CQV, in 2023, with plans to increase this stake to 45.11% by 2025 [3]. - The company is also developing a new project in Tonglu, Hangzhou, with an annual production capacity of 100,000 tons of synthetic mica, further enhancing its market presence [3]. Group 3: Synergy and Market Position - The acquisition is expected to create significant synergies beyond mere capacity expansion, including enhanced sales channels, product offerings, and supply chain efficiencies [4][5]. - Merck Surface Solutions' established customer base in high-end markets, including luxury automotive and leading cosmetics brands, will provide Global New Materials International with valuable access to international markets [4][5]. Group 4: Future Integration Plans - The integration of Merck Surface Solutions is anticipated to be completed by July 2025, with a focus on deepening collaboration across various operational dimensions, including production, supply chain, R&D, and human resources [6]. - The strategic acquisition aligns with the trend of consolidation in the pearlescent pigment industry, positioning Chinese enterprises to become global leaders in this sector [7].

Summary of Key Points Core Viewpoint - As of July 14, a total of 138 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including Green Heart Group Holdings, OK Blockchain, and Pearl River Steel Pipe [1]. Group 1: Top Performers - Green Heart Group Holdings (02999) achieved a closing price of 0.013 with a peak of 0.017, marking a 70.00% increase [1]. - OK Blockchain (01499) closed at 0.680, reaching a high of 0.690, reflecting a 48.39% rise [1]. - Pearl River Steel Pipe (01938) had a closing price of 0.335 and a peak of 0.340, resulting in a 33.33% increase [1]. Group 2: Other Notable Stocks - Weishi Jiajie (00856) saw a 32.01% increase, closing at 8.870 with a high of 11.300 [1]. - Cloud Intelligence (09678) reached a high of 520.000, closing at 510.000, which is a 20.99% increase [1]. - China Chengtong Development Group (00217) closed at 0.165 with a peak of 0.166, marking a 14.48% rise [1]. Group 3: Additional Stocks with Significant Increases - Sihuan Pharmaceutical (00460) closed at 1.380, reaching a high of 1.430, which is a 14.40% increase [1]. - Taited Pharmaceutical (03880) had a closing price of 36.950 and a peak of 37.400, reflecting a 13.85% rise [1]. - Beihai Kangcheng-B (01228) closed at 0.850 with a high of 0.960, resulting in a 12.94% increase [1].