Beisen Holding Limited 獨立非執行董事 杜 葵 趙宏強 葛 珂 董 事 會 已 成 立 三 個 委 員 會。下 表 詳 列 該 等 委 員 會 的 成 員。 （於開曼群島註冊成立的有限公司） （股份代號：9669） 董事名單與其角色和職能 Beisen Holding Limited（「本公司」）董 事（「董 事」）會（「董事會」）成 員 載 列 如 下： 執行董事 王朝暉 （主 席） 紀偉國 （行 政 總 裁） 劉憲娜 C 董事委員會的主席 M 董事委員會的成員 承董事會命 Beisen Holding Limited 執行董事兼董事會主席 王朝暉 中 國，2025年6月19日 | | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董 事 | | | | | | 王朝暉 | （主 席） | － | － | － | | 紀偉國 | （行 政 總 裁） | － | M | － | | 劉憲娜 | | － | － | M | | 杜 葵 | | M | M | C | | 趙宏強 | | C | － | － ...

Financial Performance - Total revenue for the fiscal year ending March 31, 2025, was RMB 945,076,000, representing a 10.6% increase from RMB 854,741,000 in the previous year[4]. - Gross profit for the same period was RMB 613,530,000, up 19.1% from RMB 514,927,000[4]. - The adjusted net loss (non-IFRS) decreased significantly to RMB (29,101,000), a 72.4% improvement from RMB (105,366,000) in the prior year[4]. - Operating cash flow turned positive at RMB 76,929,000, compared to a negative RMB (82,469,000) in the previous year, marking a 193.3% improvement[4]. - The net loss for the fiscal year was RMB 147,406,000, a substantial decrease compared to RMB 3,208,587,000 in the previous year, showcasing improved financial health[31]. - Basic and diluted loss per share improved to RMB (0.20) for the year ended March 31, 2025, from RMB (4.48) in the previous year[32]. - The company reported a total comprehensive loss of RMB 141,594 thousand for the year ended March 31, 2025, compared to RMB 3,181,280 thousand in the previous year, marking a significant improvement[32]. - The company reported a loss attributable to ordinary shareholders of RMB 147,406 thousand for the year ended March 31, 2025, compared to a loss of RMB 3,208,587 thousand for the previous year, indicating a significant reduction in losses[32]. Market Position and Strategy - The company maintained a leading market share of approximately 15% in the Chinese HCM SaaS market as of the first half of 2024, widening the gap with the second competitor[7]. - The company is focusing on large enterprise clients to provide high-value products and services amid a challenging economic environment[5]. - The acquisition of KuXueYuan in the first half of 2025 aims to enhance the company's eLearning market presence and increase investment in AI Learning product development[10]. - The company plans to enhance its HCM SaaS integrated product capabilities to support large clients with up to 60,000 employees, targeting sectors like internet, manufacturing, and retail[29]. - The company is actively monitoring liquidity risks and maintaining sufficient cash levels to mitigate cash flow volatility[121]. Product Development and Innovation - The introduction of seven AI assistants and over 100 AI features is expected to drive cost reduction and efficiency improvements for clients in the 2025 fiscal year[9]. - The AI Family product line has over 300 customers, with ARR exceeding RMB 6 million, contributing to cost reduction and efficiency improvement in human resources[16]. - The AI Interviewer has successfully commercialized, with over 240 signed customers by the end of March 2025[17]. - The company launched new AI products, including AI Interview Assistant and AI Coach, enhancing recruitment efficiency and decision-making[16]. - The company introduced a rapid onboarding solution for frontline employees, improving labor management precision[14]. Customer Engagement and Retention - Revenue from cloud HCM solutions amounted to RMB 721.8 million, with a year-over-year increase of 14.2%, accounting for 76.4% of total revenue[13]. - The subscription revenue retention rate was reported at 90%, reflecting strong customer loyalty and satisfaction[182]. - The company has assisted over 100 enterprises in achieving global management, covering regions such as Hong Kong, Vietnam, and Indonesia[12]. Cost Management and Efficiency - Sales and marketing expenses decreased to RMB 397,064,000 from RMB 437,773,000 year-over-year, indicating improved cost management[31]. - The company aims to deepen its talent management business diversification by offering a comprehensive service system designed as "1+2+N" for better service quality[30]. - The adjusted gross margin (non-IFRS) for the cloud HCM solution rose from 78.8% in FY2024 to 81.4% in the reporting period[98]. Future Outlook and Growth Plans - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2026[181]. - New product launches are expected to contribute an additional $10 million in revenue for the fiscal year 2025[179]. - The projected revenue for the fiscal year 2025 is estimated to be between $70 million and $75 million[179]. - The company has set a target to increase its workforce by 20% to support growth initiatives and new projects[181]. Corporate Governance and Social Responsibility - The company has committed to corporate governance standards to protect shareholder interests and enhance transparency[164]. - The company donated RMB 120,000 to support a charity project in June 2024, reflecting its commitment to social responsibility[166]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting and internal controls, confirming compliance with applicable accounting standards[169].

董事會會議日期 Beisen Holding Limited（「本公司」，連 同 其 附 屬 公 司 及 併 表 聯 屬 實 體 統 稱「本 集 團」）董 事（「董 事」）會（「董事會」）謹 此 公 佈，董 事 會 會 議 將 於2025年6月 19日（星 期 四）舉 行，藉 以（其 中 包 括）考 慮 及 批 准 本 集 團 截 至2025年3月31 日 止 年 度 之 經 審 核 全 年 業 績 及 其 發 佈，並 考 慮 派 發 末 期 股 息（如 有）。 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倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於開曼群島註冊成立的有限公司） （股份代號：9669） Beisen Holding Limited Beisen Holding Limited 主席兼執行董事 王朝暉 中 國，2025年6月5日 於 本 公 告 日 期，執 行 董 事 為 王 朝 暉 先 生、紀 偉 國 ...

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分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。 （於開曼群島註冊成立的有限公司） （股份代號：9669） Beisen Holding Limited 須予披露交易 於2025年6月3日，本 公 司 向 申 萬 宏 源 金 融 產 品 認 購 理 財 產 品，總 金 額 為 29.0百 萬 美 元。認 購 事 項 的 主 要 條 款 概 述 如 下： 認購事項 – 1 – (1) 認 購 日 期： 2025年6月3日 (2) 產 品 名 稱： Fund Portfolio Linked Note 進行認購事項之理由及裨益 認購理財產品 董 事 會 宣 佈，於2025年6月3日，本 公 司 認 購 申 萬 宏 源 金 融 產 品 有 限 公 司 發 行 之 理 財 產 品，金 額 為29.0百 萬 美 元（「認購事項」）。 上市規則的涵義 由 於 認 購 事 項 的 最 高 適 用 百 ...

Group 1 - The core focus of the discussions at the 2025 China Technology Network Conference was on Beisen's artificial intelligence strategy, including new AI learning platforms and AI monetization [1] - Management expressed a positive outlook on the accelerated development of AI applications in human resources this year, anticipating that AI monetization will accelerate from 2026 due to enhanced foundational model capabilities and deep collaboration with industry clients [1] - There is a consensus between management's comments on industry demand and spending on AI and Goldman Sachs' view that enterprises prefer to allocate spending to AI software that yields higher returns on investment [1] Group 2 - Beisen is a leader in the domestic human resources software-as-a-service sector, offering integrated cloud-based human capital management solutions covering core HR, recruitment, performance, succession, and assessment modules [2] - The company is expanding its AI HR applications with the support of third-party AI foundational models, including features like AI learning, AI interviews, and AI recruitment [2] - In May 2025, Beisen launched an AI learning platform equipped with five AI agents, which significantly enhance learning efficiency, with the AI teacher improving material generation efficiency by 4-5 times and the AI learning assistant increasing learning efficiency by 300% [2] Group 3 - Beisen began monetizing its AI interview feature in the second half of 2024, integrating the deep learning AI foundational model in October 2025 [3] - The AI interview function has already started monetization by penetrating multiple enterprise clients, assisting in candidate screening, sending interview invitations, conducting interviews, and generating candidate evaluation reports [3] - Management noted that AI functionalities attract enterprises to pay more for software compared to traditional interview methods [3]

Summary of Key Points Core Viewpoint - As of May 28, a total of 65 stocks reached their 52-week highs, with notable performances from Kingway Medical Holdings (08559), China Silver Technology (00515), and Honghui Group (00183) leading the list with high rates of increase [1]. Group 1: Stocks Reaching 52-Week Highs - Kingway Medical Holdings (08559) achieved a closing price of 0.027 with a peak of 0.045, marking a high rate of 32.35% [1]. - China Silver Technology (00515) closed at 0.280, reaching a maximum of 0.305, resulting in a high rate of 28.15% [1]. - Honghui Group (00183) had a closing price of 0.255, with a peak price of 0.255, reflecting a high rate of 27.50% [1]. - Other notable stocks include Emperor Watch and Jewellery (00887) with a high rate of 27.14% and Sogo Department Store (00312) at 21.79% [1]. Group 2: Additional Stocks with Significant Increases - Lehua Entertainment (02306) reached a high rate of 13.73% with a closing price of 2.540 [1]. - Kingway Medical (08143) had a closing price of 0.124 and a peak of 0.230, resulting in a high rate of 10.05% [1]. - Other stocks with notable increases include Zhu Feng Gold (01815) at 6.98% and Yaoshi Bang (09885) at 6.68% [1]. Group 3: Stocks with Lower Performance - The report also includes stocks that did not perform as well, with some reaching their 52-week lows, such as China Parenting Network (01736) with a low rate of -14.40% [2]. - XI Nan Tes-U (09366) and XI Nan Tes (07366) also showed declines of -10.08% and -8.60% respectively [2]. - Other stocks like He Fu Hui Huang (00733) and Pai Ge Biomedical-B (02565) experienced decreases of -7.04% and -6.95% [2].

Core Insights - The core viewpoint of the article is that Beisen (北森) is poised for significant growth in the E-Learning market, particularly through its recent acquisition of the training platform "Cool Academy" and the launch of its AI Learning platform, which incorporates AI Agents to enhance corporate training processes [1][2]. Group 1: Market Position and Strategy - Beisen entered the HR software market later than competitors but aims to leverage AI advancements for breakthrough growth in E-Learning [1]. - The integration of Cool Academy into Beisen was completed rapidly, with a focus on maintaining distinct product lines for different customer needs [2]. - The company plans to infuse its AI capabilities into Cool Academy's product offerings, enhancing their overall value proposition [2]. Group 2: AI Learning Transformation - AI Learning represents a shift from traditional E-Learning by introducing real-time interaction with AI Agents, personalized learning experiences, and automated course creation [3]. - The target customer base for AI Learning is primarily large enterprises, which have a stronger willingness to adopt AI solutions due to their strategic focus on innovation [3][4]. Group 3: Competitive Advantage - Beisen's expertise in HR and its accumulated data and consulting capabilities provide a competitive edge over pure tech companies in the AI space [5]. - The company has a first-mover advantage in AI Learning, having invested in this area earlier than competitors [5]. Group 4: AI Agent Commercialization - The five newly launched AI Agents vary in maturity, with some already entering the commercialization phase, such as the AI Interviewer, which has over 100 clients [6]. - The AI Interviewer significantly reduces recruitment costs and improves efficiency, making it a popular choice among clients [7]. - Beisen's AI products primarily operate on a subscription model, allowing for flexible customer engagement [8]. Group 5: Future Outlook - Beisen anticipates that AI products will become a new growth engine, with the AI Interviewer already generating significant revenue [9]. - Plans for future expansion of the AI Agent family include the introduction of additional products by 2025 [9].

Core Viewpoint - Beisen Holdings, a leading integrated HR SaaS platform in China, announced the acquisition of Cool Academy and the launch of its new AI Learning platform, which incorporates five AI Agents to enhance the learning experience and streamline the training process [1][19]. Group 1: AI Learning Platform Features - The AI Learning platform includes five AI Agents: AI Course Assistant, AI Learning Assistant, AI Practice Partner, AI Leadership Coach, and AI Exam Assistant, covering the entire learning process from course creation to assessment [1][6]. - The AI Course Assistant revolutionizes course production by automating the creation of outlines, PPTs, and exams, significantly increasing efficiency and reducing costs for companies [7]. - The AI Learning Assistant provides personalized learning experiences by recommending courses and offering real-time interaction, addressing the low completion rates of traditional eLearning [8][9]. Group 2: Changes in Learning Methodology - The introduction of AI Agents leads to a shift from traditional browser-based learning to interactive, dialogue-based learning, enhancing user engagement [4][9]. - The AI Practice Partner focuses on skill training rather than just knowledge acquisition, providing realistic practice scenarios and personalized feedback to improve employee capabilities [11][12]. - The AI Leadership Coach transforms leadership training from theoretical knowledge to practical experience through simulated management scenarios, addressing the gap between learning and application [15][16]. Group 3: Market Implications - The merger of Beisen and Cool Academy aims to capitalize on the significant market opportunity presented by the transition from eLearning to AI Learning, potentially reshaping the corporate training landscape [19]. - With over 9,000 potential enterprise clients, the integration of AI Learning solutions is expected to facilitate a rapid shift in corporate training methodologies [19]. - The unique combination of expert knowledge and AI technology positions Beisen as an innovator in the enterprise learning market, poised to lead the transformation towards AI-driven training solutions [17][18].

北森控股始终坚持长期主义,高度重视公司在环境、社会及治理(ESG)方面的管理和履责表现,持续将ESG 理念融入企业运营和发展的各个环节。公司积极推进ESG 治理架构的建设和运行,加强对ESG 实践的监 督和管理,提升ESG 风险评估和应对能力,不断筑牢公司可持续发展坚实底座。 公司不断精进面向未来的产品研发创新,以"业人一体,为员工而设计"为产品理念,以AI等先进科技力量为 助推器,支持各行各业建立有韧性的人才管理体系和多元平等的人才文化,助力客户实现商业价值与社会 价值的双赢,赋能客户可持续发展能力建设。 关于北森 北森是中国最大的云端人力资本管理(HCM)解决方案提供商,也是中国唯一一家已构建统一开放的PaaS 基础设施的云端HCM解决方案提供商。公司的平台iTalentX为企业提供云原生SaaS产品(即云端HCM解 决方案),以帮助企业高效地招聘、测评、管理、发展及留用人才。iTalentX是业内首个也是唯一一个提 供全套云端应用的平台,涵盖企业在员工全生命周期的HCM需求。凭借选择广泛且不断增长的、具有适 配性和强可及性的HCM解决方案,公司始终在引领企业智能化及优化人力资源管理方面处于领先地位。 5 ...

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分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。 本 公 司 謹 此 進 一 步 補 充，先 前 公 告 所 提 及 的 新 合 約 安 排 原 基 於 目 標 公 司之主要業務受限於(i)增 值 電 信 業 務 經 營 許 可 證，又 稱「ICP許 可 證」， 其 業 務 類 別 為「信 息 服 務（僅 限 互 聯 網 信 息 服 務），不 含 信 息 搜 索 及 查 詢 服 務、信 息 即 時 交 互 服 務」、(ii)網 絡 文 化 經 營 許 可 證，又 稱「ICB許 可 證」 及(iii)信 息 網 絡 傳 播 視 聽 節 目 許 可 證，又 稱「視 聽 許 可 證」。根 據 外 商 投 資 準 入 特 別 管 理 措 施（負 面 清 單）（2024年 版），ICP許可證的外資持股限制 為50%，ICB許 可 證 和 視 聽 許 可 證 禁 止 任 何 外 資 持 股。儘 管 ...