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依賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 BAIWANG CO., LTD. 百望股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） 有關可換股貸款協議之關連交易的進一步進展 緒 言 茲 提 述 百 望 股 份 有 限 公 司（「本公司」）日 期 為2024年11月17日 及2025年12月 3日 的 公 告（「該等公告」），內 容 有 關 本 公 司 與 環 球 智 鏈 及 百 望 雲 海 外 訂 立 可 換 股 貸 款 協 議 及 延 長 本 公 司 行 使 轉 股 選 擇 權 的 期 限。除 非 另 有 定 義， 本 公 告 所 用 詞 彙 與 該 等 公 告 所 界 定 者 具 有 相 同 涵 義。 可換股貸款協議的進一步進展 董 事 會 謹 此 宣 佈，於2025年12月31日（交 易 時 段 後），本 公 司 與 環 球 智 ...

Core Insights - RegtechCloud has signed a multi-million dollar contract for a national electronic invoicing system project in Laos, marking a significant step in the export of China's tax governance model to Southeast Asia [1][8] - The project aims to enhance tax collection and management in Laos by leveraging China's successful tax governance practices, particularly the Golden Tax Project [3][5] Group 1: Project Overview - The electronic invoicing system will cover a pilot phase and nationwide rollout, providing at least five years of ongoing service [1] - The first invoice was successfully issued during the pilot phase, witnessed by the Minister of Finance of Laos, and will be promoted to taxpayer enterprises [1][3] Group 2: Tax Governance Framework - The project replicates China's advanced tax governance framework, which has proven to be effective in managing tax collection and compliance [5][6] - It aims to formalize the informal economy by enabling market participants to register and access electronic invoicing services [3][5] Group 3: Benefits to Laos - The system is expected to expand the tax base by integrating large enterprises and numerous small and micro enterprises into the electronic invoicing service [3][5] - It will increase tax revenue through real-time data collection and automated invoice verification, enhancing compliance and reducing tax fraud [3][6] Group 4: Technological Integration - The AInvoiceX smart hardware, developed by RegtechCloud, seamlessly integrates with local SaaS systems, enhancing operational efficiency [7] - The AI-driven technology automates order processing and invoice generation, significantly improving invoicing efficiency by 80% [7] Group 5: Future Prospects - RegtechCloud aims to continue exporting China's governance best practices globally, contributing to the digital transformation of tax systems in various countries [8][9] - The company is positioned to become a global leader in regulatory technology, with operations in over 20 countries [9]

Core Viewpoint - The collaboration between Baiwang Co., Ltd. and DingTalk to launch the "Baiwang Tax Xiaozhi" product represents a significant step in the digital economy, focusing on the concept of "transaction ontology" as a foundational principle for establishing a credible and accountable digital economy [1][3]. Group 1: Partnership and Product Launch - Baiwang Co., Ltd. has partnered with DingTalk to introduce the "Baiwang Tax Xiaozhi," which serves as an intelligent tax risk management assistant on the DingTalk platform [1][2]. - The product leverages Baiwang's extensive tax data and risk control models to provide systematic risk scanning, intelligent tax reports, and expert interpretations for enterprises [2]. Group 2: Theoretical Framework - Baiwang's "transaction ontology" aims to redefine the fundamental unit of the digital economy, emphasizing that transactions, rather than data, are the essential elements that can generate accountability and consequences [2][3]. - The collaboration signifies a transition from a worldview to a methodology, positioning transactions as the core of economic participation, thus transforming intelligence from merely an analytical tool to an active economic agent [3]. Group 3: Strategic Vision - Baiwang is not just a financial software provider; it is building an intelligent economic infrastructure centered around transactions, reflecting a shift in its value positioning from a technology platform to a facilitator of institutional relationships [3]. - The company believes that in the next phase of the digital economy, controlling real, auditable, and institutionally recognized entities will be key to gaining trust and driving future growth [3].

Group 1 - The "Annual Outstanding PR Team" award recognizes PR teams that have made significant contributions to brand image maintenance and industry public relations governance [4] - The award aims to highlight the importance of effective communication in enhancing market vitality and confidence [4] - The selection process involved quantitative data analysis and expert review to determine the final results [4] Group 2 - The "Golden Grid Award" aims to create a reference list of the most valuable listed companies and unicorns in the investment community [4] - The evaluation covers all listed companies on the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, American Stock Exchange, and NASDAQ [4] - Ten companies, including 361 Degrees, Anta Sports, Yum China, and others, were awarded the "Annual Outstanding PR Team" award [1][4]

Group 1 - The event "Technology Empowerment, Capital Breakthrough" was held online by Gelonghui on December 22, where the annual outstanding company awards were announced [1] - The "Golden Gelong Award" recognized ten companies for their "Outstanding PR Team of the Year," including 361 Degrees, Anta Sports, Yum China, Baiwang, Hehe Information, Jitu Express, Jianshi Technology, Shanghai Jahwa, Yadea Holdings, and Yika [1] - The award aims to honor PR teams that have made significant contributions to brand image maintenance and industry public relations governance, highlighting the importance of effective communication in enhancing market vitality and confidence [1] Group 2 - Gelonghui's evaluation aims to create a reference list of the most valuable listed companies and unicorns in the investment circle, covering all listed companies on the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, American Stock Exchange, and NASDAQ [2]

Key Points - As of December 19, 38 stocks reached their 52-week highs, with Li Gao Health Life (02370), Ginkgo Education (01851), and Kangqiao Yuelife (02205) leading the high rate at 36.36%, 18.72%, and 8.70% respectively [1] - The top three stocks that achieved new highs are as follows: - Li Gao Health Life (02370) closed at 0.670, with a peak of 0.750, marking a 36.36% increase - Ginkgo Education (01851) closed at 2.430, with a peak of 2.600, marking an 18.72% increase - Kangqiao Yuelife (02205) closed at 1.200, with a peak of 1.250, marking an 8.70% increase [1] - Other notable stocks that reached new highs include Liangqing Holdings (1,000) at 7.14%, Jinxing International Holdings (02307) at 7.04%, and Wuxi Life (08148) at 6.21% [1] 52-Week Low Summary - The 52-week low rankings show that Haowen Holdings (08019) had the largest decline at -16.13%, closing at 0.130 [2] - Other significant declines include NIU Holdings (08619) at -11.86%, closing at 0.156, and Hashkey HLDGS (03887) at -9.59%, with a low of 5.090 [2] - Additional stocks with notable declines include Songdu Service (09608) at -9.09%, closing at 0.068, and Ruike Bio-B (02179) at -5.41%, closing at 5.070 [2]

Group 1 - The company, 百望股份 (06657), announced the completion of the conversion of a total of 135 million domestic shares into H-shares as of December 18, 2025 [1] - The newly converted H-shares will begin trading on the Hong Kong Stock Exchange at 9:00 AM on December 19, 2025 [1]

Core Viewpoint - Baidong Co., Ltd. (06657.HK) announced the completion of the conversion of a total of 135,064,706 domestic shares into H-shares, which will be listed on the Hong Kong Stock Exchange starting from 9:00 AM on December 19, 2025 [1] Group 1 - The total number of domestic shares converted into H-shares is 135,064,706 [1] - The conversion was completed on December 18, 2025 [1] - The listing of the converted H-shares will commence on December 19, 2025 [1]

Core Viewpoint - Baidu Holdings (06657) announced the completion of the conversion of 135 million domestic shares into H-shares, which will be listed on the Hong Kong Stock Exchange on December 19, 2025 [1] Group 1 - A total of 135 million domestic shares have been converted into H-shares [1] - The conversion was completed on December 18, 2025 [1] - The listing of the converted H-shares will commence at 9:00 AM on December 19, 2025 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百望股份有限公司 呈交日期： 2025年12月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 06657 | 說明 | H股 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...