Core Viewpoint - Youzan (08083) is exploring the possibility of transferring its shares from the GEM board to the main board of the Hong Kong Stock Exchange, which could enhance its valuation if successful [1] Group 1: Stock Performance - Youzan's stock has seen an increase of over 6%, currently trading at 0.225 HKD with a transaction volume of 104 million HKD [1] Group 2: Listing Strategy - The evaluation for the potential transfer to the main board is in the preliminary stage, and no formal application has been submitted to the exchange yet [1] - The company will issue further announcements at the appropriate time regarding any developments related to the potential transfer [1] Group 3: Valuation Impact - Guosen International believes that the current GEM listing background is a drag on the company's valuation, and a successful transfer to the main board, combined with improving operational performance, could lead to a valuation uplift [1]

Core Viewpoint - Youzan (08083) experienced a significant stock price increase of 12.36%, reaching HKD 0.2, following the announcement of its exploration to transfer its shares from the GEM to the main board of the Hong Kong Stock Exchange [1] Group 1: Stock Performance - Youzan's stock price rose by 12.36% to HKD 0.2 during the afternoon trading session, with a trading volume of HKD 53.839 million [1] Group 2: Company Announcement - Youzan announced that it is actively exploring and evaluating the possibility of transferring all its shares from the GEM to the main board of the Hong Kong Stock Exchange [1] - The assessment regarding the potential transfer is still in the preliminary stage, and no formal application has been submitted to the exchange yet [1] - The company indicated that it will issue further announcements at the appropriate time to update on the progress of the potential transfer [1] Group 3: Valuation Insights - Guosen International believes that the current background of the GEM listing is a drag on the company's valuation, and a successful transfer to the main board could enhance the company's valuation, especially in light of improving operational performance [1]

Core Viewpoint - Youzan (08083) is exploring the possibility of transferring its shares from the GEM board to the main board of the Hong Kong Stock Exchange, which could enhance its valuation if successful [1] Group 1: Stock Performance - Youzan's stock price initially declined but surged by 12.36% to HKD 0.2, with a trading volume of HKD 53.839 million [1] Group 2: Company Announcement - The company announced that it is actively exploring and evaluating the potential transfer of all its shares to the main board, with the assessment currently in the preliminary stage [1] - No formal application has been submitted to the Hong Kong Stock Exchange yet, and the company will issue further announcements regarding the progress of this potential transfer at an appropriate time [1] Group 3: Market Analysis - Guosen International believes that the current GEM listing background is a drag on the company's valuation, and a successful transfer to the main board, combined with improving operational performance, could lead to an increase in the company's valuation [1]

Core Viewpoint - The company Youzan (08083) is exploring the possibility of transferring its shares from the GEM board to the main board of the Hong Kong Stock Exchange, with the evaluation currently in the preliminary stage [1] Group 1: Shareholder Activity - On October 3, a shareholder of Youzan deposited shares into CMB International Securities, with a market value of HKD 723 million, representing 13.05% of the total shares [1] Group 2: Listing Transition - On September 16, Youzan announced that it is currently assessing the potential for transferring all its shares from the GEM board to the main board and has appointed professional advisors for assistance [1] - As of the announcement date, the evaluation for the potential transfer is still in the preliminary stage, and no formal application has been submitted to the Hong Kong Stock Exchange [1] - The company will issue further announcements at an appropriate time to inform shareholders and potential investors about the progress of the possible transfer [1]

Supplementary Announcement Regarding 2024 Annual Report [Background and Purpose of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20Announcement) This announcement supplements Youzan Technology Co., Ltd.'s 2024 annual report, detailing share option scheme updates for stakeholders - This announcement supplements Youzan Technology Co., Ltd.'s 2024 annual report, providing additional information not fully disclosed in Note 34 'Share Option Scheme' of the 'Notes to Financial Statements'[3](index=3&type=chunk) [Amendment to New Share Option Scheme](index=1&type=section&id=Amendment%20to%20New%20Share%20Option%20Scheme) The company disclosed amendments to its new share option scheme, adopted June 29, 2023, and revised May 27, 2025 - The new share option scheme was adopted on June 29, 2023, with original terms stipulating a minimum vesting period of **12 months**[3](index=3&type=chunk) - The new share option scheme was amended on May 27, 2025, with details of the latest terms available in the company's circular dated April 30, 2025[3](index=3&type=chunk) [Board Members and Compliance Statement](index=2&type=section&id=Board%20Members%20and%20Compliance%20Statement) The announcement lists the board's current composition and confirms its responsibility for content accuracy and GEM Listing Rules compliance - The board of directors comprises two executive directors (Mr. Zhu Ning, Mr. Yu Tao) and four independent non-executive directors (Dr. Fang Zhihua, Mr. Deng Tao, Mr. Li Shaojie, Ms. Li Qingyang)[4](index=4&type=chunk) - The board collectively and individually assumes full responsibility for the information in this announcement, confirming its accuracy, completeness, absence of misleading or fraudulent elements, and compliance with GEM Listing Rules[4](index=4&type=chunk) - This announcement will be published on the HKEX website and the company's website for at least **seven days**[4](index=4&type=chunk)

Group 1 - The core viewpoint of the article highlights that Youzan (08083) is exploring the possibility of transferring its shares from the GEM board to the main board of the Hong Kong Stock Exchange, which is currently in the preliminary evaluation stage [1] - Youzan's stock price has increased by over 7%, with a current price of 0.175 HKD and a trading volume of 46.6944 million HKD [1] - Guo Zheng International released a report indicating that Youzan, as a leading e-commerce SaaS service provider in China, is at a significant strategic turning point [1] Group 2 - For the first half of 2025, Youzan achieved a revenue of 714 million RMB, representing a year-on-year growth of 4.0%, and a net profit of 72.742 million RMB, marking a turnaround with a net profit margin of 10.1% [1] - The company's strategy of "cost reduction and efficiency enhancement, focusing on high-value customers" has shown positive results [1] - The report suggests that the current GEM listing background is a drag on the company's valuation, but a successful transfer to the main board, combined with improving operational performance, could enhance the company's valuation [1]

Core Viewpoint - Company Youzan (08083) is exploring the possibility of transferring its shares from the GEM board to the main board of the Hong Kong Stock Exchange, which could enhance its valuation given its recent positive financial performance [1] Group 1: Company Performance - In the first half of 2025, Youzan achieved revenue of 714 million RMB, representing a year-on-year growth of 4.0% [1] - The company reported a net profit of 72.74 million RMB, marking a turnaround from losses, with a net profit margin of 10.1% [1] - The positive financial results reflect the effectiveness of the company's strategy focused on cost reduction and enhancing high-value customer engagement [1] Group 2: Market Activity - Youzan's stock price increased by over 7%, with a current trading price of 0.175 HKD and a trading volume of 46.69 million HKD [1] - The company has not yet submitted a formal application to the Hong Kong Stock Exchange for the potential transfer, as the evaluation is still in the preliminary stage [1] - The market sentiment is optimistic regarding the potential benefits of moving to the main board, which could alleviate valuation pressures associated with being listed on the GEM board [1]

Core Viewpoint - Youzan (08083) has seen a stock price increase of over 10%, currently trading at 0.164 HKD with a transaction volume of 13.2965 million HKD, following the announcement of exploring the possibility of transferring its shares from the GEM to the main board of the Hong Kong Stock Exchange [1] Group 1 - Youzan announced on September 16 that it is currently exploring and evaluating the potential to transfer all its shares from the GEM to the main board [1] - The company has appointed selected professional advisors to assist in this evaluation process [1] - As of the announcement date, the assessment for the potential transfer is still in the preliminary stage, and no formal application has been submitted to the Stock Exchange [1]

Core Viewpoint - Youzan (08083) has seen a stock price increase of over 10%, currently trading at 0.164 HKD, with a transaction volume of 13.2965 million HKD, following the announcement of exploring the possibility of transferring its shares from the GEM to the main board of the Hong Kong Stock Exchange [1]. Group 1 - Youzan announced on September 16 that it is currently exploring and evaluating the potential to transfer all of its shares from the GEM to the main board [1]. - The company has appointed selected professional advisors to assist in this evaluation process [1]. - As of the announcement date, the assessment for the potential transfer is still in the preliminary stage, and no formal application has been submitted to the Stock Exchange [1]. Group 2 - The company will issue further announcements at an appropriate time to inform shareholders and interested investors about the progress of the potential transfer [1].

Group 1: Market Performance - The Hang Seng Index rose by 1.41%, gaining 373 points to close at 26,812 points, while the Hang Seng Tech Index increased by 3.49% [1] - The early trading volume in the Hong Kong stock market reached HKD 192.4 billion [1] Group 2: Company Highlights - Baidu Group-SW (09888) surged by 15.9%, leading the gains among Hang Seng Tech Index constituents [1] - Alibaba-W (09988) saw a rise of 5% [1] - NIO-SW (09866) increased by over 8%, reaching a nearly one-year high ahead of the new ES8 launch [3] - China Tobacco Hong Kong (06055) rose by over 7%, achieving a new high after signing exclusive agency agreements for global markets [4] - Shandong High-Tech Holdings (00412) jumped by 14% following the announcement of a USD 100 million stock buyback plan [5] - Lens Technology (06613) increased by 6.8%, attributed to strong pre-order demand for the iPhone 17 [6] - China Education Holdings (00839) surged by over 16%, with expectations of significant valuation recovery in the private higher education sector [7] - Youzan (08083) rose by over 14%, as the company announced it is exploring the possibility of transferring to the main board for listing [8] Group 3: Industry Insights - The AI large model security assessment results indicated that major products from Tencent, Baidu, Alibaba, and Zhiyuan Huazhang exhibited fewer vulnerabilities, reflecting a high level of security protection [1] - CATL (宁德时代) shares rose over 5%, with the stock price surpassing HKD 500, marking a new high since its listing, while the company highlighted five major challenges in the energy storage industry [2]