Group 1 - The company announced the resignation of Mr. Liu Zhuzhan from his position as an independent non-executive director, effective from December 19, 2025, to allocate more time to other business commitments [1] - Following the approval at the extraordinary general meeting, Mr. Pan Jialin has been appointed as an independent non-executive director, with his term starting from December 19, 2025, until the current board's term expires [1]

Beijing Fourth Paradigm Technology Co., Ltd. 北京第四範式智能技術股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6682） 董事名單及其角色及職能 北京第四範式智能技術股份有限公司（「本公司」）的董事會（「董事會」）成員載列 如 下。 執行董事 戴文淵博士 （董 事 長、首 席 執 行 官 兼 總 經 理） 陳雨強先生 （首 席 研 究 科 學 家） 于中灝先生 （副 董 事 長 兼 高 級 副 總 裁） 非執行董事 楊強博士 竇帥先生 張晶先生 獨立非執行董事 李建濱先生 劉持金先生 柯燁樂女士 潘嘉林先生 職工代表董事 柴亦飛先生 – 1 – – 2 – 董 事 會 設 有 三 個 委 員 會。下 表 詳 列 該 等 委 員 會 的 成 員。 董事會委員會 董事會 審計委員會 薪酬委員會 提名委員會 戴文淵博士 C 陳雨強先生 于中灝先生 楊強博士 M M 竇帥先生 張晶先生 李建濱先生 C M 劉持金先生 M M 柯燁樂女士 C M 潘嘉林先生 柴亦飛先生 香 港 2025年12月19日 附 註 ...

北京第四範式智能技術股份有限公司 章 程 二○二五年十二月 | 第一章 | 總 | | 則 | | | | | | | 1 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 第二章 | | | 經營宗旨和範圍 | | | | | | | 2 | | | | | | 第三章 | 股 | | 份 | | | | | | | 3 | | | | | | 第一節 | | | 股份發行 | | | | | | | 3 | | | | | | 第二節 | | | 股份增減和回購 | | | | | | | 7 | | | | | | 第三節 | | | 股份轉讓 | | | | | | | 9 | | | | | | 第四章 | | | 股東和股東會 | | | | | | | 10 | | | | | | 第一節 | | | 東 | | | | | | | 10 | | | 股 | | | 第二節 | | | 控股股東和實際控制人 | | | | | | | 14 ...

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 就 因 本 公 告 全 部或任何部份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。 Beijing Fourth Paradigm Technology Co., Ltd. 北京第四範式智能技術股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6682） (1) 於二零二五年十二月十九日（星 期 五）舉行之 臨 時 股 東 會 之 投 票 表 決 結 果； (2) 獨 立 非 執 行 董 事 辭 任； (3) 委 任 獨 立 非 執 行 董 事； 及 (4) 修改公司章程 茲提述北京第四範式智能技術股份有限公司（「本公司」）日期為二零二五年十二 月三日內容有關本公司臨時股東會（「臨時股東會」）之通函（「通 函」）。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 通 函 所 界 定 者 具 有 相 同 涵 義。 日期為二零二五年十二月三日的臨時股東會通告（ ...

Core Insights - The report emphasizes that the computer industry is driven by model iteration, application breakthroughs, and domestic computing power leadership, with a buy rating for the sector [2][4][17]. Industry Overview - The AI infrastructure sector is transitioning from "testing and trial" to "large-scale rollout in 2026" for domestic AI chip replacements, with a narrowing gap between domestic and international leading models [8][17][26]. - The AI application sector is categorized into three types of companies: those with recognized benchmark clients but in early stages, those with long-term trends but uncertain timelines, and those leveraging AI with reachable inflection points [8][17][19]. - The EDA and R&D software sector is seeing rapid improvement in domestic product capabilities, with mergers and acquisitions expected to accelerate due to policy support [8][17][21]. - In the intelligent driving and robotics sector, the report suggests focusing on competitive chip tracks, overseas expansion, and new autonomous driving opportunities, recommending global AMR leader Geek+ [8][18][21]. - The report notes that traditional trust and innovation directions are facing funding delays, while the release of HarmonyOS PC in 2025 is seen as a catalyst for business growth and technological upgrades [8][18][21]. - The energy information sector is expected to benefit from stable capital expenditures and market reforms, although policy implementation timelines need to be monitored [8][18][21]. Key Companies - In the AI infrastructure sector, recommended companies include Cambricon, Inspur, and Unisoc, with attention to Sugon [8][19]. - For AI applications, notable companies are Jingtaikong, Rainbowsoft, and Kingdee International, with additional focus on Hancloud and Guangyun Technology [8][19][21]. - In the intelligent driving and robotics sector, key players include Geek+, Black Sesame Intelligence, and Rui Ming Technology, with recommendations to monitor Desay SV and SOTER [8][19][21]. - In the EDA and R&D software sector, companies like GigaDevice, Gexin Electronics, and BGI are highlighted, with attention to Zhongkong Technology and Haocen Software [8][19][21]. - For trust and innovation, recommended companies include Kingsoft and Softcom, with additional focus on Taiji Co. and China Software International [8][19][21]. - In the energy information sector, notable companies are Guoneng Rixin and Longxin Group, with attention to State Grid Information and South Grid Digital [8][19][22].

Core Viewpoint - The artificial intelligence (AI) concept stocks have shown strong performance, with notable increases in share prices for several companies, indicating a positive market sentiment towards AI technologies [1][2] Group 1: Stock Performance - Lion Group (02562) increased by 6.72% - ZhiZi City Technology (09911) rose by 6.43% - SenseTime-W (00020) gained 5.21% - Weimob Group (02013) saw a rise of 5.13% - GDS Holdings Limited-SW (09698) increased by 2.33% - Fourth Paradigm (06682) rose by 2.38% [1][2] Group 2: Research Insights - CITIC Securities' report highlights the convenience features of Doubao AI phone, showcasing the potential of edge-side agents; however, it also points out the limitations due to various application permissions and interface restrictions, reflecting the current fragmentation in the traditional smartphone ecosystem [1][2] - The report suggests that for AI phones to achieve large-scale adoption, there is a need to redefine the collaboration between AI, applications, and operating systems, indicating potential restructuring of existing ecosystem boundaries and roles [1][2] - China Galaxy Securities notes that while overseas large models face high cost issues in the short term, the trend towards accelerated implementation of AI agents remains unchanged despite the current mismatch in technology maturity and commercialization pace [1][2]

Core Viewpoint - The recent authorization of the "AI Smart Glasses" patent by Fourth Paradigm (Beijing) Technology Co., Ltd. and Shenzhen Weike Technology Co., Ltd. indicates a significant advancement in multifunctional smart eyewear technology, which includes features such as object recognition, photography, recording, translation, communication, navigation, and AI voice assistance [1] Group 1 - Fourth Paradigm (Beijing) Technology Co., Ltd. has received authorization for its "AI Smart Glasses" patent [1] - Shenzhen Weike Technology Co., Ltd. is also involved in the development of the "AI Smart Glasses" [1] - The smart glasses are designed for multiple functionalities, enhancing user experience in various applications [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 公司名稱: 北京第四範式智能技術股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06682 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 320,809,496 | RMB | | 1 RMB | | 320,809,496 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 320,809,496 | RMB | | 1 RMB | | 320,809,496 | | 2. 股份分類 | 普 ...

Group 1 - A new partnership enterprise named Jinan Mengruisi Technology Partnership (Limited Partnership) has been established with a capital contribution of 190 million yuan [1] - The business scope of the new enterprise includes digital technology services, data processing services, data processing and storage support services, and Internet of Things (IoT) technology services [1] - The enterprise is jointly funded by Fourth Paradigm (06682.HK) wholly-owned subsidiary Fourth Paradigm (Beijing) Technology Co., Ltd. and Paradigm (Shanghai) Intelligent Equipment Co., Ltd. [1]

Group 1 - The core point of the article is the establishment of Jinan Mengruisi Technology Partnership (Limited Partnership) with a capital contribution of 190 million yuan, focusing on digital technology services and data processing [1] - The business scope of the newly established company includes digital technology services, data processing services, data processing and storage support services, and Internet of Things (IoT) technology services [1] - The company is jointly funded by Fourth Paradigm's wholly-owned subsidiary, Fourth Paradigm (Beijing) Technology Co., Ltd., and Paradigm (Shanghai) Intelligent Equipment Co., Ltd. [1]