Summary of Key Points Core Viewpoint - A total of 30 companies conducted share buybacks on November 12, 2025, with China COSCO Shipping Holdings (01919) leading in terms of buyback amount and quantity. Group 1: Buyback Details - China COSCO Shipping Holdings (01919) repurchased 3 million shares for a total of 43.1382 million yuan, representing 0.770% of its total share capital [1][2] - Sinopec Limited (00386) repurchased 3.708 million shares for 16.5210 million yuan, accounting for 0.110% of its total share capital [2] - China International Marine Containers (02039) repurchased 2 million shares for 14.1189 million yuan, which is 1.090% of its total share capital [2] Group 2: Other Notable Buybacks - China Feihe Limited (06186) repurchased 2 million shares for 8.8511 million yuan, representing 1.074% of its total share capital [2] - AAC Technologies Holdings (02018) repurchased 221,500 shares for 8.8302 million yuan, which is 0.186% of its total share capital [2] - Linklogis Inc. (09959) repurchased 1,208,000 shares for 3.7894 million yuan, accounting for 4.685% of its total share capital [2] Group 3: Additional Companies - Mobi Development (00947) repurchased 50,000 shares for 8.0500 million yuan, which is 0.222% of its total share capital [3] - Tianfu (06868) repurchased 10,000 shares for 30,000 yuan, representing 0.051% of its total share capital [3] - Hylink Digital Solutions (01586) repurchased 80,000 shares for 22,100 yuan, accounting for 4.305% of its total share capital [3]

Summary of Key Points Core Viewpoint - The company, Lianyi Rong Technology-W, has been actively repurchasing its shares, indicating a strategy to support its stock price and enhance shareholder value through significant buybacks in the Hong Kong market [1]. Group 1: Share Buyback Activity - On November 12, the company repurchased 1.208 million shares at prices ranging from HKD 3.070 to HKD 3.160, totaling HKD 3.7894 million [1]. - Since September 11, the company has conducted buybacks for 42 consecutive days, acquiring a total of 89.3325 million shares for a cumulative amount of HKD 288 million [1]. - Year-to-date, the company has executed 50 buybacks, totaling 101 million shares and an aggregate repurchase amount of HKD 319 million [1]. Group 2: Stock Performance - The stock closed at HKD 3.170 on the day of the latest buyback, reflecting a 2.26% increase, with a total trading volume of HKD 21.1567 million [1]. - During the buyback period since September 11, the stock has experienced a cumulative decline of 0.63% [1].

Group 1 - The report indicates that Chinese regulatory authorities maintain a cautious stance towards digital assets, but do not impose a ban. The internationalization of the Renminbi and the development of digital assets are areas that regulators wish to explore further, with various pathways including the central bank digital currency (e-CNY) [1] - DBS believes that banks play a crucial role in the digital asset space, contrasting with some investors' concerns that stablecoins may impact banking operations. Instead, banks are deeply involved in digital assets [1] - The report maintains a positive outlook for Hong Kong banks and fintech companies. Short-term catalysts for related fintech companies include the approval of stablecoin licenses in Hong Kong and the introduction of more favorable cryptocurrency policies in the United States [1] Group 2 - The report favors companies with clear stablecoin and digital asset application scenarios, including OSL Group (00863), LianLian Digital (02598), and Linklogis Technology-W (09959). In the banking sector, Bank of China Hong Kong (02388) is expected to benefit from the long-term opportunities of Renminbi tokenization and internationalization [1] - During the Hong Kong Fintech Week, regulation emerged as a frequently mentioned topic in the digital asset forum. The regulatory framework in the digital asset sector is still evolving compared to traditional finance [2] - DBS reiterated "buy" ratings for Bank of China Hong Kong (02388) and OSL Group (00863), with target prices set at HKD 39.4 and HKD 20, respectively [2]

Core Viewpoint - 联易融科技-W (09959.HK) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Summary by Categories Company Actions - The company plans to repurchase 1.208 million shares at a total cost of HKD 3.7894 million [1] - The buyback price per share ranges from HKD 3.07 to HKD 3.16 [1]

表格類別： 股票 狀態： 新提交 公司名稱： 聯易融科技集團（於開曼群島註冊成立以不同投票權控制的有限公司) 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) 第 3 頁 共 17 頁 v 1.3.0 呈交日期： 2025年11月12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 | | 不同投票權架構公司普通股 | B 股份類別 | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 09959 | 說明 普通股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | ...

Core Points - The company, Lianyi Rong Technology-W, has been actively repurchasing its shares, with a total of 8,812.45 million shares repurchased since September 11, amounting to 284 million HKD [2][3] - The stock price has experienced a decline of 2.82% during the repurchase period, with the latest closing price at 3.100 HKD, down 5.20% on the day of the latest repurchase [2][3] Summary of Share Buybacks - On November 11, the company repurchased 237,000 shares at prices ranging from 3.090 HKD to 3.290 HKD, totaling 742.44 thousand HKD [2] - The company has conducted a total of 49 buybacks this year, repurchasing 9,994.25 million shares for a total of 315 million HKD [3] - Detailed buyback data shows fluctuations in share prices, with the highest buyback price recorded at 3.610 HKD and the lowest at 1.050 HKD throughout the year [4]

Core Viewpoint - 联易融科技-W (09959.HK) announced a share buyback on November 11, spending HKD 7.424 million to repurchase 2.37 million shares [1] Group 1 - The company executed a buyback of 2.37 million shares [1] - The total expenditure for the buyback was HKD 7.424 million [1]

Core Viewpoint - 联易融科技-W (09959) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will spend HKD 7.4244 million to repurchase 2.37 million shares [1] - The buyback price per share ranges from HKD 3.09 to HKD 3.29 [1]

智通财经APP讯，联易融科技-W(09959)发布公告，该公司于2025年11月11日斥资742.44万港元回购237 万股股份，每股回购价格为3.09-3.29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) 表格類別： 股票 狀態： 新提交 公司名稱： 聯易融科技集團（於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2025年11月11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 | | 不同投票權架構公司普通股 | 股份類別 B | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 09959 | 說明 | 普通股 | | | | | | 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 | | ...