Group 1 - The company Horizon Robotics-W (09660) announced the issuance and allocation of 639 million new Class B ordinary shares on October 9, 2025, according to the terms of the placement and subscription agreement [1] - On the same date, the company will grant 131.6 million new Class B ordinary shares as rewards under the post-initial public offering share incentive plan to grantees, excluding the directors of the issuer [1]

Group 1 - The company Horizon Robotics-W (09660) announced the issuance and allocation of 639 million new Class B ordinary shares on October 9, 2025, according to the terms of the placement and subscription agreement [1] - On the same date, the company will grant 131.6 million new Class B ordinary shares as rewards under the post-initial public offering share incentive plan to grantees, excluding the directors of the issuer [1]

FF305 備註： 發行股份佔有關股份發行前的現有已發行股份（不包括庫存股份）數目百分比是依據本公司截至2025年9月30日已發行股份數目總數13,881,293,682股(包括 2,124,389,270股A類普通股及11,756,904,412股B類普通股)。 第 2 頁 共 6 頁 v 1.3.0 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： Horizon Robotics 呈交日期： 2025年10月10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 不同投票權架構公司普通股 | | 股份類 ...

不得在美國分發 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，並明確表示概不就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。 本公告僅供參考，並非在美國或任何其他司法權區出售或收購證券的邀請或要約或招攬購買證 券的要約，未根據任何該等司法權區的證券法登記或獲批准而於上述司法權區進行的相關邀 請、要約、收購、招攬或出售均屬違法。 本公告及其內容並非任何合約或承諾的根據。本公告及其任何副本不得帶入美國或在美國傳 閱。本公告所述證券並無亦不會根據1933年美國證券法（經修訂）或向美國任何州或其他司法權 區的任何證券監管機構登記，且不會在美國提呈發售或出售，惟獲得1933年美國證券法（經修 訂）及相關州或地方證券法登記規定的適用豁免，或屬不受1933年美國證券法（經修訂）及相關 州或地方證券法登記規定約束的交易則除外。於美國公開發售的任何證券將以招股章程形式進 行，有關招股章程可向本公司索取，並將載有關於本公司及管理層的詳細資料以及財務報表。 本公司不會在美國公開發售證券。 Horizon Robotics 地平線* （ ...

第 1 頁 共 10 頁 v 1.1.1 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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Horizon Robotics 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,124,389,270 | USD | | 0.0000025 | USD | | 5,310.97 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 2,124,389,270 | USD | ...

Core Insights - On September 30, 2025, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) were the top three companies by trading volume in the southbound trading of the Stock Connect, with trading amounts of 8.849 billion, 4.310 billion, and 3.283 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), SMIC (00981), and Xiaomi Group-W (01810) also led the trading volume, with amounts of 5.056 billion, 3.306 billion, and 2.030 billion respectively [1] Southbound Trading Highlights - **Top Active Companies in Southbound Trading (Hong Kong Stock Connect)** - Alibaba-W (09988): Trading amount of 8.849 billion, net inflow of 1.509 billion - SMIC (00981): Trading amount of 4.310 billion, net inflow of 0.656 billion - Tencent Holdings (00700): Trading amount of 3.283 billion, net inflow of 0.811 billion - Xiaomi Group-W (01810): Trading amount of 3.092 billion, net inflow of 0.716 billion - Huahong Semiconductor (01347): Trading amount of 2.642 billion, net inflow of 0.231 billion [2] - **Top Active Companies in Southbound Trading (Shenzhen-Hong Kong Stock Connect)** - Alibaba-W (09988): Trading amount of 5.056 billion, net inflow of 2.120 billion - SMIC (00981): Trading amount of 3.306 billion, net outflow of 0.423 billion - Xiaomi Group-W (01810): Trading amount of 2.030 billion, net inflow of 0.339 billion - Huahong Semiconductor (01347): Trading amount of 1.961 billion, net inflow of 0.704 billion - Tencent Holdings (00700): Trading amount of 1.400 billion, net inflow of 0.323 billion [2]

Core Viewpoint - Horizon Robotics (09660.HK) announced a placement of existing shares and a subscription for new shares, aiming to raise approximately HKD 6,339.4 million to optimize its capital structure and support sustainable development [1][2]. Group 1: Share Placement and Financial Details - The share placement price is set at HKD 9.99 per share, with a total expected amount of HKD 6,383.898 million from the placement [2]. - The company plans to use the net proceeds primarily for expanding overseas market operations, investing in R&D, and strategic investments in upstream and downstream partners [2]. - The total amount raised from two fundraising rounds amounts to HKD 10,126.33 million, bringing the cumulative total to HKD 16,510.23 million [5]. Group 2: Financial Performance - For the first half of 2025, the company reported revenue from customer contracts of RMB 1,566.756 million, a year-on-year increase of 67.6% [7]. - Gross profit for the same period was RMB 1,023.972 million, reflecting a 38.6% increase compared to the previous year [7]. - The company reported a net loss of RMB 5,232.979 million for the first half of 2025, slightly higher than the loss of RMB 5,098.105 million in the same period last year [7][6].

Horizon Robotics （於開曼群島註冊成立以不同投票權控制的有限公司） 股份代號 : 9660 中期報告 2025 中期報告 2025 目錄 公司資料 2 財務業績摘要 4 業務回顧及前景 5 管理層討論與分析 8 企業管治 14 中期財務資料審閱報告 32 中期簡明合併損益表 33 中期簡明合併全面收益表 34 中期簡明合併財務狀況表 35 中期簡明合併權益變動表 37 中期簡明合併現金流量表 39 中期簡明合併財務資料附註 40 釋義 89 公司資料 董事會 執行董事 余凱博士 （創始人、主席兼首席執行官） 黃暢博士 陶斐雯女士 （於2025年8月27日辭任） 徐健博士 （於2025年8月27日獲委任） 陳黎明博士 非執行董事 李良先生 劉芹先生 André Stoffels博士 張覺慧博士 （於2025年8月27日辭任） 張堅俊先生 （於2025年8月27日獲委任） 獨立非執行董事 浦軍博士 吳迎秋先生 Katherine Rong XIN博士 張亞勤博士 審計委員會 浦軍博士 （主席） Katherine Rong XIN博士 張亞勤博士 薪酬委員會 張亞勤博士 （主席） Katherin ...

Group 1 - The market size of intelligent driving chips SoC is projected to have a CAGR of 29% from 2025 to 2030, driven by the increasing penetration of smart driving technology [1] - In 2024, the estimated sales of passenger cars in China will be approximately 23 million, with a smart driving penetration rate of 55%, translating to about 12.5 million vehicles, primarily driven by ADAS [1] - By 2030, the smart driving penetration rate is expected to approach 100%, with the AD penetration rate reaching 96%, equating to around 23 million vehicles [1] Group 2 - The pricing of smart driving chips is significantly correlated with computing power, with the current mainstream high-end solution, dual Orin-X (508 TOPS), struggling to support end-to-end + VLA model deployment [1] - The industry is in urgent need of high-computing power chips, as local deployment of VLA + VLM models requires effective computing power greater than 2000 TOPS [1] - The market is expected to see a gradual increase in the proportion of high-computing power solutions, which will support the overall ASP to continue rising [1] Group 3 - The chip industry is characterized by an oligopolistic structure, with only 2-3 companies likely to survive and develop positively in the long term [1] - The competition in the automotive chip sector is narrowing down to a confrontation with Nvidia, with other manufacturers having certain shortcomings [2] - The company is positioned as a primary beneficiary of the domestic production of intelligent driving chip computing power, focusing on ASIC technology which offers high computing efficiency and low costs [2] Group 4 - Revenue projections for the company indicate a year-on-year increase of 53%, 70%, and 54% from 2025 to 2027, reaching 3.6 billion, 6.2 billion, and 9.6 billion respectively [2] - The current stock price corresponds to PS ratios of 36X, 21X, and 14X for the years 2025 to 2027 [2] - The company maintains a leading position in the domestic intelligent driving chip sector, which is considered rare, leading to a recommendation to "increase holdings" [2]

Core Points - The Hang Seng Index fell by 1.35% on September 26, closing at 26,128.20 points, while southbound funds through the Stock Connect recorded a net inflow of HKD 10.541 billion [1] - The total trading volume for the Stock Connect on September 26 was HKD 160.921 billion, with a net buy of HKD 10.541 billion [1] - In the Shanghai Stock Connect, the trading volume was HKD 101.109 billion with a net buy of HKD 7.366 billion, while in the Shenzhen Stock Connect, the trading volume was HKD 59.812 billion with a net buy of HKD 3.174 billion [1] Trading Activity - The most actively traded stock in the Shanghai Stock Connect was Alibaba-W, with a trading volume of HKD 11.062 billion, followed by Xiaomi Group-W and SMIC, with trading volumes of HKD 7.476 billion and HKD 5.598 billion respectively [1] - In terms of net buy amounts, Xiaomi Group-W led with a net buy of HKD 2.274 billion, despite its closing price dropping by 8.07% [1] - The stock with the highest net sell amount was Xpeng Motors-W, with a net sell of HKD 224 million, while its closing price increased by 5.03% [1] Shenzhen Stock Connect Activity - In the Shenzhen Stock Connect, Xiaomi Group-W had the highest trading volume at HKD 6.471 billion, followed closely by Alibaba-W and SMIC, with trading volumes of HKD 6.439 billion and HKD 3.316 billion respectively [2] - Alibaba-W recorded the highest net buy amount in the Shenzhen Stock Connect at HKD 2.035 billion, despite a closing drop of 3.20% [2] - Xiaomi Group-W also had the highest net sell amount in the Shenzhen Stock Connect, with a net sell of HKD 1.669 billion, closing down by 8.07% [2]