Core Viewpoint - The company has agreed to acquire a 57% stake in Tibet Border Information Technology Co., Ltd. for RMB 456 million, which will enhance its capabilities in the e-commerce and retail sectors through AI and digital solutions [1][2]. Group 1: Acquisition Details - The acquisition agreement was signed on November 18, 2025, and upon completion, the target company will become a subsidiary of the company [1]. - The financial performance of the target company will be consolidated into the company's financial statements [1]. Group 2: Target Company Overview - The target company specializes in providing full-stack services in e-commerce and retail, focusing on AI products and digital solutions [1]. - It operates in a high-potential market with a growing demand for AI and digital solutions in the e-commerce sector [1]. Group 3: Management and Market Position - The founding and mentoring teams of the target company consist of experienced professionals from the e-commerce industry, with over ten years of service experience [2]. - The core customized solution business of the target company holds the number one market share in the industry, with a high renewal rate exceeding 70% annually [2].

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9878） 須予披露的交易 收購目標公司57%股權 收購事項 董事會欣然宣佈，於2025年11月18日（交易時段後），本公司與目標公司及其創 始人訂立股權收購協議。據此，本公司有條件同意收購及轉讓方有條件同意出 售目標公司57%股權，代價為人民幣45,600萬元。 收購事項完成後，本公司將持有目標公司57%的股權。目標公司將成為本公司 附屬公司，且目標公司的財務業績將會併入本集團的財務報表。 上市規則的涵義 由於收購事項的最高適用百分比率（定義見上市規則第14.07條）超過5%但低於 25%，因此收購事項構成本公司的須予披露的交易，須遵守上巿規則第14章項 下有關申報及公告的規定，惟獲豁免遵守股東批准的規定。 由於收購事項須待股權轉讓協議所載若干付款先決條件獲達成（或獲 ...

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 本公告乃由匯通達網絡股份有限公司（「本公司」）根據證券及期貨條例（香港法例 第571章）第XIVA部及香港聯合交易所有限公司（「香港聯交所」）證券上市規則第 13.09(2)(a)條而作出。 本公司董事（「董事」）會（「董事會」）謹此宣佈，董事會於2025年11月18日舉行的 董事會會議上，審議並通過（其中包括）關於使用公積金彌補虧損的議案。 使用公積金彌補虧損的基本情況 經畢馬威會計師事務所審計，截至2024年12月31日，本公司財務報表累計虧損 為人民幣206,545.6萬元，盈餘公積為人民幣0元，資本公積為人民幣926,763.9萬 元。本公司累計虧損主要由於本公司首次公開發售H股股份前，多輪融資過程中 因承擔贖回責任產生金融負債而計提的利息支出所致。 根據《中華人民共和國公 ...

Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：9878） 建議取消監事會並修訂公司章程 匯通達網絡股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董 事會於2025年11月18日舉行的董事會會議上，審議並通過（其中包括）關於取消 本公司監事會（「監事會」）並修訂本公司公司章程（「公司章程」）的議案。 根據《中華人民共和國公司法（2023年修訂）》（「《公司法》」）、《上市公司章程指引 （2025年修訂）》等法律、法規及規範性文件的相關規定，結合本公司實際情況， 本公司建議取消監事會，由董事會審計委員會行使監事會的法定職權。同時，根 據相關法律、法規及規範性文件的最新規定，結合本公司實際情況，董事會建議 對公司章程進行修訂。 上述關於建議取消監事會並修訂公司章程的議案須待本公司股東於本公司股東大 ...

Core Insights - The ESG ratings for HuTongDa Network (9878.HK) have been upgraded by several major institutions, including Hang Seng, Huazheng, and Wind, reflecting the company's commitment to national strategies and social responsibilities [1][2][3] - The global market for ESG funds has surpassed $3.5 trillion as of June 2023, indicating a growing emphasis on ESG management in investment decisions [1][2] - HuTongDa has established an ESG committee and improved its governance structure to enhance its ESG practices since 2025 [1][2] Group 1 - HuTongDa's ESG rating from Hang Seng has improved from BBB- to BBB, showcasing its effective integration of new technologies to support over 250,000 traditional stores in China [3] - Wind ESG upgraded HuTongDa's rating from BBB to AA, while Huazheng's rating increased from BBB to A, with a score of 89.2, ranking first among 45 companies in the multi-category retail sector [3] - The recognition received by HuTongDa includes awards such as "Annual Excellent ESG Demonstration Enterprise" and "Best ESG Pioneer Practice Listed Company" [2][3] Group 2 - The Hang Seng ESG rating system covers approximately 1,800 core listed companies in Hong Kong and Shenzhen, influencing the selection of components for the Hang Seng Sustainable Development Index [2] - High ESG ratings are crucial for companies to be included in passive ESG funds and large sovereign wealth funds' investment lists [2] - HuTongDa's business practices align closely with national policies, earning multiple qualifications and honors from local governments [3]

Group 1 - The city's high-tech manufacturing industry added value increased by 8.3% year-on-year in the first three quarters, with aerospace and equipment manufacturing growing by 17.9% and medical equipment manufacturing by 12.6% [1][5] - The modern service industry is also experiencing rapid growth, with internet access and related services revenue increasing by 62.4%, internet production service platforms by 12.7%, and internet technology innovation platforms by 20.5% from January to August [6][7] - Nanjing's focus on building a trillion-level software industry and a 500 billion-level smart grid industry aims to enhance industrial innovation through technological advancements [2][10] Group 2 - High-tech manufacturing companies like Nanjing Gaohua Technology Co., Ltd. are contributing to significant aerospace projects, providing various sensor systems that ensure the success of missions like the Shenzhou 21 manned spacecraft launch [3][4] - Nanjing Puhui Medical Equipment Co., Ltd. has successfully passed FDA approval for its C-arm product, marking a significant step in its global strategy and expanding its market presence [5] - The city has established a robust aerospace industry cluster, focusing on key areas such as aircraft engines, onboard systems, and drone manufacturing, supported by various policy initiatives [4][10] Group 3 - The rise of internet platforms in Nanjing is facilitating the digital transformation of traditional industries, with companies like Huitongda Network leveraging AI to enhance retail operations for small businesses [6][7] - China Manufacturing Network, a key platform under Focus Technology, has seen a 35% increase in traffic, with significant growth in emerging markets, indicating a strong demand for Chinese suppliers [7] - Nanjing Tianchuang Intelligent Technology Co., Ltd. has gained attention for its innovative robots, including the world's first explosion-proof humanoid robot, showcasing the city's advancements in robotics [8][9]

Core Viewpoint - The article discusses the release of the "14th Five-Year Plan" by the Central Committee of the Communist Party of China, emphasizing high-quality development, technological self-reliance, and the construction of a unified national market, with a focus on the role of HuiTongDa in supporting these national strategies through its innovative practices in the supply chain and digital technology [1]. Group 1: Company Strategy and Practices - HuiTongDa is committed to its mission of improving farmers' lives and aligns its development with national strategies, focusing on optimizing traditional industries and expanding domestic demand [1][2]. - The company has developed an S2b2c urban-rural circulation platform network that integrates advanced technologies like AI and big data, serving over 25,000 member stores across 21 provinces [2][3]. - HuiTongDa's digital transformation initiatives have led to an average annual revenue increase of over 30% for member stores that have been part of the program for more than a year [3]. Group 2: Future Outlook and Goals - The company aims to deepen the digital transformation of member stores, ensuring they can compete effectively in the market and enjoy equal access to goods and services as urban consumers [4][5]. - HuiTongDa is focused on building a dual-directional circulation digital platform based on its self-developed "QianCheng Cloud AI Intelligent Model," which supports rural revitalization through technological and talent development [5].

Core Viewpoint - The article discusses the release of the "15th Five-Year Plan" by the Chinese government, emphasizing high-quality development, technological self-reliance, and the construction of a unified national market, while highlighting the role of Huitongda in supporting these national strategies through its innovative practices in the supply chain and digital technology [1][2]. Group 1: Company Strategy and Practices - Huitongda is committed to enhancing the lives of farmers and aligns its development with national strategies, focusing on optimizing traditional industries and expanding domestic demand [1][2]. - The company has implemented a "B2F reverse supply chain" and "integrated production and sales" model, leveraging AI and big data to create a robust S2B2C urban-rural circulation platform, serving thousands of brand factories and rural stores [2][3]. - Huitongda has established a comprehensive urban-rural commerce circulation system that integrates business flow, information flow, logistics, and capital flow, effectively responding to personalized demands from rural markets [4]. Group 2: Impact on Rural Economy - Huitongda has served over 250,000 member stores across 21 provinces, enhancing their purchasing capabilities and enabling digital upgrades, which have led to an average annual revenue increase of over 30% for stores with more than one year of membership [3][4]. - The company is actively contributing to the rural revitalization strategy by fostering new agricultural businesses and facilitating the digital transformation of rural stores, thereby enhancing their roles in the supply chain [4][5]. - Huitongda aims to ensure that rural consumers enjoy the same quality of goods and services as urban consumers, while also focusing on investments in both physical goods and human resources to support comprehensive rural revitalization [5].

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: 匯通達網絡股份有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09878 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 180,266,339 RMB | | | 1 RMB | | 180,266,339 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 180,266,339 RMB | | | 1 RMB | | 180,266,339 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | ...

Core Viewpoint - Multiple institutions, including Zheshang Securities, Western Securities, and Huachuang Securities, have issued research reports on Huitongda Network (9878.HK), all giving "recommend" or "buy" ratings, highlighting the company's ongoing business optimization and significant improvement in profitability indicators since the launch of its "quality enhancement and efficiency improvement" strategy in the second half of 2024 [1] Group 1 - Western Securities has given Huitongda a "buy" rating, noting that the company's business structure has improved and profitability indicators have significantly increased since the strategic transformation [1] - The company is enhancing its smart supply chain construction and expanding its own brand and new product categories to further improve profitability, supported by the deep integration of AI technology and favorable policies [1] - Huitongda has submitted an application for the full circulation of 350 million domestic shares, which is expected to significantly enhance its market attractiveness [1] Group 2 - Huachuang Securities emphasizes the strategic partnership between Huitongda and Alibaba Cloud, believing that the AI+SaaS business will help the company return to a rapid growth trajectory [1] - The comprehensive cooperation with Alibaba Cloud in AI will deepen collaboration in cloud computing, artificial intelligence, and digitalization in lower-tier markets [1] - Huitongda's self-developed Qiancheng Cloud AI will fully integrate with Alibaba Cloud's Tongyi Qianwen large model, enhancing the platform's value across multiple business scenarios [1] Group 3 - Zheshang Securities believes that full circulation will greatly enhance Huitongda's market capitalization and assist the company in re-entering the Hong Kong Stock Connect [1] - Following the submission of the full circulation application in June, the total number of H shares is expected to reach 530 million, significantly increasing the circulating market value [1] - Overall, multiple institutions anticipate that with the effectiveness of the strategic upgrade, the commercialization of AI-related businesses, and the advancement of full circulation, Huitongda Network is likely to continue releasing its profit potential and achieve high-quality growth, potentially re-entering the Hong Kong Stock Connect next year [1]