三、重要提示 • 框架性协议：不涉及具体金额，实际交易以后续订单为准 • 审议程序：暂无需董事会审议，后续将根 据具体交易额履行审批程序 • 业绩影响：对2025年度经营业绩无重大影响 • 不确定性：协议执行存在不 确定性，以实际发生订单为准 二、关联关系 • 关联原因：公司董事兼高管江敏女士担任思摩尔国际非执行董事 • 历史交易：2022-2024年度销售金额 分别为5.36亿元、5.49亿元、4.98亿元 亿纬锂能关于签订采购框架协议暨关联交易公告要点一、协议基本情况 • 签约方：亿纬锂能与思摩尔国际 • 签约日期：2025年11月20日 • 协议期限：2026年1月1日起至2028年 12月31日 • 交易内容：思摩尔集团向亿纬锂能采购电芯等产品 ...

亿纬锂能公告，公司与思摩尔国际于2025年11月20日签订《采购框架协议》。思摩尔国际及其附属公司 将向公司及附属公司持续性采购电芯等产品作为原材料。本协议为框架性协议，不涉及具体金额，实际 发生金额以相关方在相关期间内就相关项目所签署的订单确定后并经会计师审计的数额合计为准，尚具 有不确定性。 ...

采访显示，仅仅凭借某些人去大臣办公室谈话，就引用冷战时期制定但从未启用的《货物可用性法 案》，匆忙出台部长行政令，并推动法院在极短时间内作出裁决。这种做法既是轻率之举，更是荒唐至 极。荷兰是崇尚法治的国家，但在该事件中，荷方一些人既未严格履行法律程序，也没有保护外资企业 的正当权益，就强行托管一家中国上市企业全资子公司的股份，已严重损害荷兰的营商环境和政府公信 力。 11月14日，商务部新闻发言人就荷经济大臣卡雷曼斯就安世半导体问题表态答记者问。 有记者问：荷兰经济大臣卡雷曼斯11月13日接受英国《卫报》采访，谈及安世半导体问题，称"即使事 后来看，仍会作出同样的决定"、"这给各国领导人都是一个警示"。请问商务部对此有何评论？ 答：中方注意到荷兰经济大臣卡雷曼斯近日接受媒体采访的相关言论。中方对这种混淆是非、颠倒黑 白、一意孤行的言论表示极度失望和强烈不满。这场半导体供应链危机带给全世界的深刻教训是，不能 强行用行政手段不当干预企业经营。在荷兰政府9月30日发布行政令以及10月8日荷企业法庭作出错误判 决之前，全球半导体产供链是稳定和安全的。但荷方强行不当干预，并托管一个100%控股的私营企业 99%的股份， ...

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 思摩爾國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年11月5日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06969 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 6,193,035,778 | | 0 | | 6,193,035,778 | | 增加 / 減少 (-) | | | 536,737 | | 0 | | | | 本月底結存 | | | 6,193,572,515 | | 0 | | 6,193,572,515 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變 ...

Core Viewpoint - Smoore International (06969) has subscribed to a total of $80 million in notes issued by Morgan Stanley, indicating a strategic move to leverage existing cash reserves and free cash flow for investment purposes [1] Group 1: Subscription Details - On October 28, 2025, the company subscribed to notes with a principal amount of $20 million, equivalent to approximately HKD 156 million [1] - On October 31, 2025, the company subscribed to additional notes with a principal amount of $60 million, equivalent to approximately HKD 468 million [1] - The subscriptions were funded through the company's existing cash reserves and free cash flow [1]

Core Viewpoint - Smoore International (06969) has announced the subscription of notes issued by Morgan Stanley Financial LLC, indicating a strategic move to utilize available cash reserves and free cash flow for investment purposes [1] Group 1: Subscription Details - On October 28, 2025, the company subscribed to notes with a principal amount of $20 million, equivalent to approximately HKD 156 million [1] - On October 31, 2025, the company subscribed to additional notes with a principal amount of $60 million, equivalent to approximately HKD 468 million [1] - The funding for these subscriptions will be sourced from the company's existing cash reserves and free cash flow [1]

Core Viewpoint - Smoore International (06969.HK) has announced the subscription of notes issued by Morgan Stanley with a total principal amount of $80 million, funded by the company's available cash reserves and free cash flow [1] Group 1 - On October 28, 2025, the company subscribed to notes with a principal amount of $20 million issued by Morgan Stanley [1] - On October 31, 2025, the company subscribed to additional notes with a principal amount of $60 million issued by Morgan Stanley [1] - The funding for these subscriptions will come from the company's existing cash reserves and free cash flow [1]

Smoore International Holdings Limited 思 摩 爾 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：6969） 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之內容概不負責，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之任何損 失承擔任何責任。 須予披露交易 認購票據 認購事項 於 2025 年 10 月 28 日 ， 本 公 司 認 購 了 由 摩 根 士 丹 利 金 融 有 限 責 任 公 司 發 行 的 本 金 金 額 為 20,000,000美元（ 相當於約156,000,000港元 ）之票據。於2025年10月31日，本公司認購了由 摩根士丹利 金融有限責 任公司發行的 本金金額為60,000,000美元（ 相當 於約468,000,000 港 元）之票據。認購事項由本集團現有可動用現金儲備及自由現金流撥付資金。 上市規則之涵義 由於2025年10月28日認購及2025年10月31日認購均與同一家訂約方於12個月內訂立，根 據上市規則第14.22條，該等認購 ...

Group 1 - The Hang Seng Index rose by 0.54%, gaining 141 points to close at 26,487 points, while the Hang Seng Tech Index increased by 0.31%. The morning trading volume in Hong Kong stocks reached HKD 178.7 billion [1] - Newly listed stock Dipu Technology (01384) surged by 36%, while Baima Tea (06890) rose over 8%, and Haixi New Drug (02637) increased by 7.59% [2] - The demand for energy storage driven by AI is expected to increase significantly, with CITIC Securities forecasting that total lithium battery demand will exceed 2,700 GWh next year, a year-on-year growth rate of over 30%. Energy storage battery demand is projected to exceed 900 GWh, leading to potential shortages in various lithium sectors [2] Group 2 - Ganfeng Lithium (01772) rose over 12%, and Tianqi Lithium (09696) increased by over 8% due to the strong performance of lithium mining stocks [2] - The energy storage sector saw significant gains, with Zhongchu Innovation (03931) rising over 12%, CATL (03750) increasing by 2.59%, and Shuangdeng Co. (06969) gaining over 7% [2] - Ruipu Lanjun (00666) increased by over 8% after the company launched several strategic new products covering energy storage, commercial vehicles, and passenger cars [3] Group 3 - Aneng Logistics (09956) surged by 22% following a privatization proposal from a major shareholder's consortium, with a premium rate exceeding 48% [4] - China Duty Free Group (01880) rose by 3% as the entire Hainan island is set to close in December, which is expected to boost the overall development of Hainan's tourism retail market [5] - China Hongqiao (01378) increased by nearly 7% due to recent production cuts in overseas electrolytic aluminum, which may further widen the supply-demand gap in the electrolytic aluminum market [6] Group 4 - Anjii Food (02648) rose over 8% with a 11.8% year-on-year growth in net profit attributable to shareholders in the third quarter, supported by a collaborative development across all channels [7] - The engineering machinery sector saw significant gains, with September exports continuing to grow year-on-year, and leading companies like Sany Heavy Industry (06031) rising by 9%, Senson International (02155) increasing by 8.02%, and China National Heavy Duty Truck Group (03808) gaining 3.7% [7] Group 5 - WuXi AppTec (02359) fell over 4% as the actual controller's shareholders plan to reduce their holdings by no more than 2% of the company's A-shares [8]

Core Viewpoint - Huachuang Securities maintains a "strong buy" rating for Smoore International (06969) with a target price of HKD 21.90, highlighting the company's leading position in the global electronic vaporization market and potential for growth in both e-cigarette and HNB (Heated Not Burned) businesses [1] Group 1: Financial Performance - In the first three quarters, the company achieved revenue of CNY 10.21 billion, a year-on-year increase of 21.8%, while net profit was CNY 809 million, a decrease of 23.8%. Adjusted net profit was CNY 1.182 billion, a slight increase of 0.1% [1] - For Q3 alone, the company reported revenue of CNY 4.197 billion, a year-on-year increase of 27.2%, and net profit of CNY 317 million, down 16.4%. Adjusted net profit for the quarter was CNY 444 million, up 4.0% year-on-year [1] Group 2: HNB Product Growth - The market feedback for HNB products is positive, with significant increases in product shipments contributing to impressive revenue growth. The Glo Hilo product has received praise for its stylish design and flavor delivery compared to IQOS [2] - As Glo Hilo expands in the European market, the product penetration rate is expected to accelerate [2] Group 3: E-Cigarette Business and Regulatory Environment - The company benefits from stricter regulations on non-compliant products globally, with a recent poll indicating that 80% of U.S. voters support increased enforcement against illegal e-cigarettes, which may help the company's business recovery [3] - The company's own brand performance remains strong due to the launch of flagship new products and enhanced localized operations [3] Group 4: Profitability and Cost Management - The adjusted net profit margin for Q3 was approximately 10.6%, a decrease of 2.4 percentage points year-on-year, primarily due to the product mix with a higher proportion of lower-margin HNB products in early sales [4] - The company has seen steady improvement in sales, management, and R&D expense ratios, which is expected to enhance profit flexibility in the future [4]