Core Viewpoint - The logistics industry in China is transitioning from a phase of rapid expansion to one focused on quality and efficiency, with a significant shift in the competitive landscape of the less-than-truckload (LTL) express delivery sector, moving from price wars to AI empowerment [2][14]. Group 1: Industry Landscape - The market size for freight transport in China is projected to reach 58.7 billion tons by 2025, with a year-on-year growth rate of 3.2% [2]. - The LTL express delivery market was valued at 2.1 trillion yuan in 2020, with a forecasted growth to 2.62 trillion yuan by 2025, reflecting a compound annual growth rate of 6.9% [3][5]. - The market concentration is increasing, with the top 10 companies' market share (CR10) rising from 78.4% in 2020 to an expected 90.5% in 2025 [6][24]. Group 2: Competitive Dynamics - The competitive landscape has evolved from a fragmented market with many players to a more consolidated structure dominated by a few key players, with major companies like SF Express, JD Logistics, and Aneng Logistics gaining significant market shares [6][22]. - The shift from price competition to AI-driven competition is becoming evident, with companies focusing on technological advancements to enhance operational efficiency and service quality [14][30]. - The top players are increasingly leveraging AI technologies to optimize logistics operations, improve service delivery, and reduce costs, marking a significant transformation in the industry [18][19]. Group 3: Business Model Evolution - The LTL express delivery sector has seen a transition from four business models to a focus on two primary models: direct operation and franchising, as the specialized line model diminishes [7][8]. - Companies are increasingly adopting AI technologies for demand forecasting, route optimization, and operational efficiency, which are becoming critical competitive advantages [16][19]. Group 4: Financial Performance and Investment - In 2025, JD Logistics is expected to generate overall revenue of 217.15 billion yuan, with LTL express delivery revenue estimated at 350-400 billion yuan, reflecting a significant contribution to its overall business [13][26]. - SF Express reported a revenue of 33.93 billion yuan in 2023, maintaining its position as the market leader in both revenue and freight volume [22][26]. - The investment in AI capabilities is crucial, with JD Logistics investing 4.136 billion yuan in R&D in 2025, indicating a strong commitment to technological advancement [26][30].

Group 1 - The consortium consisting of Dazhong Capital, Temasek, and Daming Capital has completed the privatization of Aneng Logistics Group Limited [1] - Aneng was officially delisted from the Hong Kong Stock Exchange on February 9 [1] - Post-privatization, Dazhong Capital, Temasek, and Daming Capital hold approximately 51.78%, 17.35%, and 17.35% of Aneng's shares, respectively [1]

Group 1 - The core announcement is that Aneng Logistics has successfully completed the delisting process through a scheme arrangement, which became effective on February 5, 2026, with a 100% acceptance rate for both the share option and restricted share unit offers [1] - The company is expected to withdraw its listing status on the Hong Kong Stock Exchange on February 9, 2026, with cash and stock options to be distributed to shareholders by February 16, 2026 [1] - The privatization proposal values Aneng Logistics at approximately $1.84 billion (HKD 14.3 billion), with a cash offer of HKD 12.18 per share, a price not reached since mid-November 2021 [1] Group 2 - Following the completion of the transaction, the company will have greater flexibility and efficiency in making long-term business decisions, ensuring sustainable growth for Aneng and its subsidiaries [2] - The delisting will eliminate the costs associated with maintaining a public listing, allowing the company to reallocate resources to core business operations [2]

Core Viewpoint - Aneng Logistics (09956) and Celestia BidCo Limited announced the successful acceptance of stock option and restricted share unit offers, with both achieving 100% acceptance rates by the deadline [1] Group 1: Stock Options - A total of 31.5301 million stock options were validly accepted, representing 100% of the total stock options available as of the record date [1] - The deadline for submitting acceptance forms for the stock options was set for January 29, 2026, at 4:30 PM [1] Group 2: Restricted Share Units - A total of 26.56 million restricted share units were validly accepted, also representing 100% of the total restricted share units available as of the record date [1] - The deadline for submitting acceptance forms for the restricted share units was the same as for the stock options, January 29, 2026, at 4:30 PM [1] Group 3: Delisting Information - The expected delisting of the shares from the Hong Kong Stock Exchange will take effect on February 9, 2026, at 4:00 PM Hong Kong time [1]

CELESTIA BIDCO LIMITED 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。 本公告僅供參考，並不擬亦不構成或組成於任何司法管轄區購買或認購要約人或本公司任何證 券的任何要約或購買或認購有關證券的邀請的一部分或招攬任何投票或批准，亦不會於任何司 法管轄區在違反適用法律法規的情況下出售、發行或轉讓本公司證券。 倘在、向或從任何其他司法管轄區刊發、登載或分派全部或部分內容即構成違反有關司法管轄 區相關法律，則本公告不會在、向或從有關司法管轄區刊發、登載或分派。 （於開曼群島註冊成立的有限公司） ANE (Cayman) Inc. 安能物流集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9956） 聯合公告 根據公司法第86條 以協議安排方式由CELESTIA BIDCO LIMITED 將安能物流集團有限公司除牌之提案 (1) 協議安排之生效日期 (2) 購股權要約及受限制股份單位要約 成為無條件 (3) 購股權要約及受限制股 ...

FF301 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: 2026年1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: 安能物流集團有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09956 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,500,000,000 | USD | | 0.00002 USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 2,500,000,000 | USD | | 0.00002 USD | | 50,000 | 本月底法定/註 ...

Core Viewpoint - Aneng Logistics (09956) has announced its application to the Stock Exchange for the withdrawal of its shares from the main board listing, which has been approved and will take effect on February 9, 2026, at 4:00 PM [1] Group 1 - The company has received approval from the Stock Exchange for the delisting process [1] - The effective date for the withdrawal of shares is set for February 9, 2026 [1]

Core Viewpoint - Aneng Logistics (09956) has announced its application to the Stock Exchange for the withdrawal of its listing status on the main board, which has been approved and will take effect on February 9, 2026, at 4:00 PM [1] Group 1 - The company has submitted a request to the Stock Exchange for delisting [1] - The Stock Exchange has approved the company's request for delisting [1] - The effective date for the delisting is set for February 9, 2026, at 4:00 PM [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。 本公告僅供參考，並不擬亦不構成或組成於任何司法管轄區收購、購買或認購要約人或本公司 任何證券的任何要約或購買或認購有關證券的邀請的一部分或招攬任何投票或批准，亦不會於 任何司法管轄區在違反適用法律法規的情況下出售、發行或轉讓本公司證券。 倘在、向或從任何其他司法管轄區刊發、登載或分派全部或部分內容即構成違反有關司法管轄 區相關法律，則本公告不會在、向或從有關司法管轄區刊發、登載或分派。 CELESTIA BIDCO LIMITED （於開曼群島註冊成立的有限公司） ANE (Cayman) Inc. 安能物流集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9956） 聯合公告 大法院批准協議安排 有關 (1)根據公司法第86條 以協議安排方式由CELESTIA BIDCO LIMITED 將安能物流集團有限公司除牌之提案 (2)提出購股權要約及受限制股份單位要約 以註銷所有未行使的購股權及受 ...

Group 1 - The company Aneng Logistics (09956) announced that 146,700 stock options under the 2023 share incentive plan have expired [1] - Additionally, 13,300 unvested restricted stock units under the same incentive plan have also expired [1]