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： 北森控股有限公司 呈交日期： 2025年12月30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 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09669 | 說明 | 股份 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔 ...

Group 1 - The company, Beisen Holdings (09669), announced a subscription to a financial product from Hangzhou Bank amounting to RMB 80 million, scheduled for December 29, 2025 [1] - As of the subscription date for the Hangzhou Bank product, another subscription of RMB 80 million made on October 16, 2025, remains unsettled [1]

格隆汇12月29日丨北森控股(09669.HK)宣布，于2025年12月29日，集团向中国银行认购一款理财产品， 金额为人民币5000万元(「本次中国银行认购事项」)。同日，集团亦向杭州银行认购一款理财产品，金 额为人民币8000万元(「本次杭州银行认购事项」)。 ...

Group 1 - The company Beisen Holdings (09669) announced a subscription to a financial product from Hangzhou Bank amounting to RMB 80 million, scheduled for December 29, 2025 [1] - As of October 16, 2025, the company had previously subscribed to another financial product from Hangzhou Bank for the same amount of RMB 80 million, which has not yet been settled [1]

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。 Beisen Holding Limited （於開曼群島註冊成立的有限公司） （股份代號：9669） 須予披露交易 認購理財產品 董 事 會 宣 佈，於2025年12月29日，本 集 團 向 中 國 銀 行 認 購 一 款 理 財 產 品，金 額 為 人 民 幣50.0百 萬 元（「本次中國銀行認購事項」）。於 本 次 中 國 銀 行 認 購 事 項 之 時，(i)於2025年2月25日向中國銀行認購的金額為 人民幣60.0百 萬 元 的 理 財 產 品（「20250225中國銀行認購事項」）、(ii)於 2025年3月27日向中國銀行認購的金額為人民幣50.0百萬元的理財產 品（「20250327中國銀行認購事項」）、(iii)於2025年4月2日向中國銀行認 購的金額為人民幣70.0百 萬 元 的 理 財 產 品（「2025040 ...

Core Viewpoint - Beisen Holdings (09669) announced a share buyback of 64,200 shares for a total cost of HKD 466,400 on December 29, 2025, with a buyback price ranging from HKD 7.16 to HKD 7.30 per share [1] Summary by Category - **Company Actions** - Beisen Holdings executed a buyback of 64,200 shares at a total expenditure of HKD 466,400 [1] - The buyback price per share was set between HKD 7.16 and HKD 7.30 [1]

Core Viewpoint - Beisen Holdings (09669) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company plans to repurchase 64,200 shares at a total cost of HKD 466,400 [1] - The buyback price per share ranges from HKD 7.16 to HKD 7.30 [1]

Core Viewpoint - Beisen Holdings (09669.HK) announced a share buyback on December 29, spending HKD 466,000 to repurchase 64,000 shares at a price range of HKD 7.16 to HKD 7.30 per share [1] Summary by Category - **Company Actions** - Beisen Holdings executed a buyback of 64,000 shares at a total cost of HKD 466,000 [1] - The repurchase price per share ranged from HKD 7.16 to HKD 7.30 [1]

| 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09669 | 說明 | 股份 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年12月24日 | | 696,184,293 | | 32,980,600 | | 729,164,893 | | 1). 購回股份 (股份被持作庫存股份) | | | -64,200 | 0.0092 % | 64,200 HKD | 7.265 | | | 變動日期 | 2025年 ...

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Insights - The report highlights the rapid growth of the industry, driven by the deployment of AI capabilities and the continuous high growth of cloud services. The release of new models with enhanced multi-modal understanding capabilities is expected to further stimulate demand [8] - The report emphasizes the significant increase in token usage, indicating deepening downstream applications. As of December, the daily token usage of the Doubao large model has surpassed 50 trillion, a 67% increase from September, positioning it as the leader in China and third globally [8] - The report notes the continuous upgrade of model capabilities, including improved multi-modal understanding, enhanced agent capabilities for complex task execution, and flexible context management, which are crucial for driving demand expansion in the AI industry [8] Investment Recommendations and Targets - The report recommends investing in technology giants with a full-stack AI approach, including Alibaba (09988, Buy) and Google (ALPHABET-A, GOOGL.O, Not Rated) [3] - It suggests focusing on multi-modal products that cater to both B2B and B2C users, with clear commercialization scenarios and high growth certainty, recommending Kuaishou (01024, Buy) and Meitu (01357, Buy) [3] - The report also highlights the importance of other companies with model capabilities and related industry chains, recommending Tencent Holdings (00700, Buy), Tongdao Liepin (06100, Not Rated), and Beisen Holdings (09669, Not Rated) [3]