Core Points - Aneng Logistics (09956.HK) has received a preliminary and conditional privatization proposal from an investor consortium consisting of Dazhang Capital, Temasek, and Danming Capital, which may lead to its delisting from the Hong Kong Stock Exchange [2] - The consortium submitted the indicative acquisition proposal on September 17, 2025, with Dazhang Capital being a major existing shareholder holding approximately 24.32% of Aneng Logistics [2] - The board of Aneng Logistics is currently considering the proposal, emphasizing that negotiations are in the preliminary stage and the outcome is highly uncertain, with no guarantee of a formal offer being made [2] Company Actions - Aneng Logistics suspended trading of its shares on September 18 and has applied to resume trading on October 17 at 1 PM [2] - The company has advised shareholders and potential investors that the privatization proposal "may or may not proceed," urging market participants to act cautiously when trading its shares [2] - According to regulatory requirements, the company will provide monthly updates on the progress of this matter [2]

每经AI快讯，10月17日，港交所公告，安能物流将于今天下午1时起恢复买卖。 ...

Core Viewpoint - Aneng Logistics received a conditional acquisition proposal from a consortium consisting of Dazhong Capital, Temasek, and Daming Capital on September 17, 2025, leading to a temporary suspension of its shares on the Hong Kong Stock Exchange [1] Group 1 - The company applied for a trading suspension effective from September 18, 2025, following the indicative acquisition proposal [1] - Dazhong Capital holds approximately 24.32% of the company's shares, while Temasek and Daming Capital do not hold any shares [1] - The board is still considering the indicative acquisition proposal, but the outcome of negotiations remains uncertain, and it is unclear whether the proposal will lead to a formal offer for shares [1] Group 2 - The company has applied to resume trading of its shares on the Hong Kong Stock Exchange effective from October 17, 2025, at 1 PM [1] - There have been several rumors regarding a potential acquisition of the company since September 4, 2025 [1]

Core Viewpoint - Aneng Logistics (09956.HK) has received a conditional indicative acquisition proposal from a consortium led by Centurium Capital, which may lead to the company's privatization and potential delisting from the Hong Kong Stock Exchange [1][2]. Group 1: Acquisition Proposal - The consortium consists of Centurium Capital Partners, an entity indirectly wholly owned by Temasek Holdings, and True Light Capital GP Pte. Ltd. [1] - The indicative acquisition proposal was received on September 17, 2025, and the board has not received any other indicative proposals as of the announcement date [1]. - Following the receipt of the proposal, the company applied for a trading suspension effective from September 18, 2025, pending the announcement [2]. Group 2: Shareholding Information - Centurium Capital holds approximately 24.32% of the company's issued shares, totaling 285,989,754 shares [2]. - Temasek and True Light Capital do not hold any shares in the company [2]. Group 3: Offer Period and Trading Resumption - The offer period for the acquisition proposal commenced on the announcement date, October 17, 2025 [3]. - The company has applied to resume trading of its shares on the Hong Kong Stock Exchange effective from October 17, 2025, at 1 PM [3].

Core Viewpoint - Aneng Logistics (09956) announced a conditional acquisition proposal from a consortium consisting of Dazhong Capital, Temasek, and Danming Capital, which may lead to the company's delisting from the Hong Kong Stock Exchange [1] Group 1: Acquisition Proposal - Dazhong Capital currently holds approximately 24.3% of Aneng Logistics' shares, making it the largest institutional shareholder since its initial investment in 2019 [1] - The board of directors acknowledged media reports regarding a potential acquisition since September 4, 2025, but stated that there are no other proposals apart from the current one [1] - Market analysts noted the unusual nature of the announcement, as the company only released a preliminary indicative proposal rather than a more definitive one, indicating potential challenges during negotiations [1] Group 2: Market Impact - Aneng Logistics has been suspended from trading since September 18 and resumed trading on the afternoon of October 16 [1] - The indicative proposal remains in the preliminary stage, and there is uncertainty regarding whether it will convert into a formal offer [1]

Core Viewpoint - Aneng Logistics (9956.HK) has received a conditional acquisition proposal from a consortium consisting of Dazhong Capital, Temasek, and Danming Capital, which could lead to the company's delisting from the Hong Kong Stock Exchange [1] Group 1: Acquisition Proposal - The board of directors has acknowledged multiple media reports regarding the potential acquisition of the company since September 4, 2025 [1] - As of September 3, 2025, Aneng's closing price was HKD 8.20 per share, and the stock price has increased by 24% up to September 18, 2025, before trading was suspended [1] - The announcement clarifies that there are no other acquisition proposals besides the one mentioned, and while the board is considering the indicative proposal, the outcome of negotiations remains uncertain [1] Group 2: Shareholder Information - Dazhong Capital currently holds approximately 24.32% of the company's shares, having first invested in Aneng Logistics in 2019 [1] - The company will resume trading at 1 PM today [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。 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） 根據收購守則規則3.7、上市規則第13.09條及證券 及期貨條例第XIVA部項下內幕消息條文作出之公告 恢復買賣 本公告乃由安能物流集團有限公司（「本公司」）根據香港《公司收購及合併守則》 （「收購守則」）規則3.7、香港聯合交易所有限公司（「聯交所」）證券上市規則（「上 市規則」）第13.09條及香港法例第571章《證券及期貨條例》（「證券及期貨條例」） 第XIVA部項下內幕消息條文（定義見上市規則）作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，本公 司於2025年9月17日收到由(i) Centurium Capital Partners 2018, L.P.（其投資顧 問及最終控制人分別為大鉦資本管理有限公司及黎輝先生）及Centurium Capit ...

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9月30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: 2025年10月6日 I. 法定/註冊股本變動 FF301 | 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/ ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery industry is experiencing resilient demand, with a shift towards "quality over quantity" leading to price increases, which will enhance corporate profitability. Companies like SF Express and JD Logistics are expected to benefit from cyclical recovery and cost reduction [4][13] - The shipping sector is anticipated to benefit from the OPEC+ production cycle and the Federal Reserve's interest rate cuts, with a notable improvement in the oil transportation market expected in Q4 2025 [13] - The aviation industry is projected to see long-term demand growth due to macroeconomic recovery, with short-term ticket booking data indicating a rebound [13] Summary by Sections Express Delivery - The express delivery sector is witnessing a significant price increase, with over 90% of regions in China experiencing price hikes, which is expected to improve profitability for companies [4] - Key companies to watch include YTO Express, Shentong Express, Zhongtong Express, and SF Express, all of which are positioned to benefit from the industry's positive trends [13] Shipping and Shipbuilding - The shipping sector is expected to see a cyclical recovery, particularly in oil transportation due to OPEC+ production increases and geopolitical uncertainties enhancing VLCC rate elasticity [13] - The shipbuilding market is in a green transition phase, with new orders expected to improve as market conditions stabilize [13] Aviation - The aviation sector is experiencing low supply growth with increasing demand, leading to a favorable long-term outlook. Companies like China Southern Airlines and Air China are highlighted for their potential [13][14] Logistics and Ports - The logistics sector is seeing a positive trend with companies like Shenzhen International and Debon Logistics expected to benefit from improved competition and operational efficiencies [13] - Port operations are stable, with a focus on cash flow and growth potential in hub ports like China Merchants Port and Qingdao Port [13]

02 ANE (Cayman) Inc. • INTERIM REPORT 2025 Corporate Information 公司資料 ANE (Cayman) Inc. 安能物流集團有限公司 (A company incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock Code 股份代號 : 9956 中期報告 2025 INTERIM REPORT ANE endless possibilities 無限可能 安能 CONTENTS 目錄 | 02 | Corporate Information | | --- | --- | | | 公司資料 | | 06 | Management Discussion and Analysis 管理層討論與分析 | | | Corporate Governance and Other Information | | 34 | 企業管治及其他資料 | | 97 | Independent Review Report | | | 獨立審閱報告 | | | Int ...