Group 1 - The core point of the news is that Huitongda Network (09878.HK) is making significant progress in acquiring the high-end manufacturing company Jintongling (300091.SZ), with the Nantong Intermediate People's Court accepting Jintongling's restructuring application, marking a key step in the acquisition process [1][2] - The restructuring process has entered a judicial phase, which is crucial for Huitongda's strategy of integrating "big consumption + smart manufacturing" [1] - Jintongling's stock has been renamed to "*ST JINLING" after resuming trading, reflecting the standard regulatory measures for companies undergoing restructuring, and the stock has seen consecutive gains, indicating investor optimism [1] Group 2 - For Huitongda Network, successfully restructuring and gaining control of Jintongling holds significant strategic and capital value, as Jintongling is a leading player in the high-end equipment manufacturing sector [2] - Huitongda's self-developed "Qiancheng Cloud AI Smart Model" is expected to enhance integration with upstream manufacturing enterprises, driving digital upgrades across multiple industries [2] - Huitongda is also accelerating its layout in the "big consumption" sector, having opened its first 10 community discount supermarkets in 2025, transitioning from a B2B to a B2B+B2C model [2]

Group 1 - The establishment of joint ventures is a significant trend, with multiple companies engaging in partnerships to enhance their market presence and operational capabilities [1][1][1] - Notable joint ventures include the collaboration between Anshan Zhichuang Digital Information Industry Development Co., Ltd. and Telai Electric New Energy Co., Ltd., set to be finalized on December 29, 2025 [1] - Another key partnership involves Jinhua Jintou Group Co., Ltd. and Zhejiang Public Information Industry Co., Ltd., with the joint venture expected to be established on December 30, 2025 [1] Group 2 - Talisman Partners Ltd. is acquiring a stake in Feizloy (CQ) Ltd. from Mokore Energy Group Ltd. and Itochu Corporation, with the deal also set for December 30, 2025 [1] - Kangmaier Industrial Group Co. is set to acquire shares in Shanghai Naboteske Hydraulic Co., Ltd. from Shanghai Electric Hydraulic Pneumatic Co., Ltd. and Komatsu Ltd. by December 31, 2025 [1] - Yongtai Yuhua Chemical Logistics Co., Ltd. is forming a joint venture with Shandong Port Group International Investment Development Co., Ltd., expected to be finalized on December 31, 2025 [1] Group 3 - Huitongda Network Co., Ltd. is acquiring shares in Jintongling Technology Group Co., Ltd., with the transaction scheduled for December 31, 2025 [1] - Hangzhou Jindi Commercial Management Co., Ltd. is set to acquire shares in Ningbo Zhongbai Co., Ltd. by December 31, 2025 [1] - China Resources Power Holdings Co., Ltd. is establishing a joint venture with Jiangsu Yueda Low Carbon Technology Development Co., Ltd., expected to be finalized on December 31, 2025 [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12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: 2026年1月6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 ...

Core Viewpoint - The restructuring of Jintongling (300091.SZ) has made significant progress, which is crucial for the acquisition by Huitongda Network (9878.HK) to proceed smoothly [1] Group 1: Acquisition Details - Huitongda announced in September last year its intention to acquire a 25% stake in Jintongling, which would make it the largest shareholder post-acquisition [1] - The acceptance of Jintongling's restructuring application by the Nantong Intermediate People's Court marks a key step in the acquisition process [1] Group 2: Restructuring Process - Jintongling's restructuring application was accepted on December 31, 2025, indicating that the restructuring has entered a judicial phase and is advancing substantively [1] - Following the court's acceptance, Jintongling's stock will resume trading on January 6 under the new name "*ST Tongling," reflecting its status as a company undergoing special governance [1] Group 3: Market Expectations - The market anticipates that upon completion of the restructuring process, Jintongling's fundamentals will significantly improve, potentially allowing it to return to a path of sustainable operations and profitability [1]

智通财经APP讯，汇通达网络(09878)发布公告，于2025年12月31日，该公司斥资229.46万港元回购23.25 万股。 该信息由智通财经网提供 ...

汇通达网络(09878)发布公告，于2025年12月31日，该公司斥资229.46万港元回购23.25万股。 ...

格隆汇12月31日丨汇通达网络(09878.HK)发布公告，2025年12月31日耗资229.46万港元回购23.25万股， 回购价格每股9.78-10港元。 ...

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) 呈交日期： 2025年12月31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 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09878 | 說明 | | | | | | 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 ...

Core Insights - "折折蜂" is a new discount supermarket brand launched by "汇通达" and "折扣牛," marking a strategic shift from B2B to B2B+B2C and entry into the fast-moving consumer goods (FMCG) sector [3][5] - The brand aims to provide high-quality, low-cost products to community residents, leveraging strong supply chain capabilities and digital management systems to enhance efficiency and consumer access [5][6] Group 1 - "折折蜂" opened ten stores in Nanjing, operating 24 hours, offering a wide range of essential household products at competitive prices [3][5] - The brand's name signifies "additional discounts on top of existing discounts," aligning with the company's branding strategy [3] - The supermarket features over a thousand SKUs across various categories, including snacks, beverages, grains, and household goods, targeting urban and lower-tier market consumers [5] Group 2 - "折折蜂" employs a "short-chain direct procurement" model, integrating upstream brand factory resources to minimize logistics and enhance direct consumer connections [5][6] - The initiative aligns with national goals to expand domestic demand and stimulate consumption, aiming to improve local market dynamics and enhance production efficiency for brands and supply chains [5] - The company plans to significantly increase the number of "折折蜂" stores by 2026, adopting a diversified expansion strategy that includes direct stores, member franchises, and socialized franchising [5]

智通财经APP讯，汇通达网络(09878)发布公告，于2025年12月30日，该公司斥资81.47万港元回购8.15万 股股份，每股回购价9.92-10.18港元。 ...