Summary of Key Points Core Viewpoint - On October 20, 31 Hong Kong-listed companies conducted share buybacks, totaling 17.77 million shares and an aggregate amount of HKD 63.86 million [1][2]. Group 1: Company Buyback Details - Mengniu Dairy repurchased 700,000 shares for HKD 10.14 million, with a highest price of HKD 14.52 and a lowest price of HKD 14.37, accumulating HKD 444.39 million in buybacks for the year [1][2]. - Cloud Village repurchased 1.87 million shares for HKD 7.53 million, with a highest price of HKD 4.05 and a lowest price of HKD 3.97, accumulating HKD 110.67 million in buybacks for the year [1][2]. - Lianyi Technology-W repurchased 2.45 million shares for HKD 7.44 million, with a highest price of HKD 3.07 and a lowest price of HKD 2.97, accumulating HKD 210.15 million in buybacks for the year [1][2]. Group 2: Buyback Amounts and Quantities - The highest buyback amount on October 20 was from Mengniu Dairy at HKD 10.14 million, followed by Cloud Village at HKD 7.53 million [1][2]. - The largest number of shares repurchased on October 20 was by Antong Oilfield Services, with 4.42 million shares, followed by Shoujia Technology and Lianyi Technology-W with 2.80 million and 2.45 million shares, respectively [1][2].

Core Viewpoint - Multiple companies in China conducted share buybacks on October 20, 2025, with notable activity from Mengniu Dairy, which had the largest buyback amount of 10.14 million yuan for 700,000 shares [1][2] Summary by Company - **Mengniu Dairy (02319)**: - Buyback of 700,000 shares - Total buyback amount of 10.14 million yuan - Year-to-date cumulative buyback of 1.92 million shares, representing 0.491% of total share capital [2] - **YunGongChang (N23027)**: - Buyback of 1.87 million shares - Total buyback amount of 7.53 million yuan - Year-to-date cumulative buyback of 2.45 million shares, representing 5.33% of total share capital [2] - **Lianyi Rong Technology (09959)**: - Buyback of 2.45 million shares - Total buyback amount of 7.44 million yuan - Year-to-date cumulative buyback of 6.54 million shares, representing 3.06% of total share capital [2] - **Guoshengtang (02273)**: - Buyback of 232,000 shares - Total buyback amount of 6.83 million yuan - Year-to-date cumulative buyback of 467,810 shares, representing 1.97% of total share capital [2] - **Antong Oilfield Services (03337)**: - Buyback of 4.42 million shares - Total buyback amount of 4.94 million yuan - Year-to-date cumulative buyback of 3.37 million shares, representing 1.14% of total share capital [2] - **Weishi Jiajie (00856)**: - Buyback of 500,000 shares - Total buyback amount of 4.53 million yuan - Year-to-date cumulative buyback of 663,800 shares, representing 0.462% of total share capital [2] - **Beisen Holdings (09669)**: - Buyback of 400,600 shares - Total buyback amount of 3.24 million yuan - Year-to-date cumulative buyback of 143,260 shares, representing 0.204% of total share capital [2] - **Zhongxu Future (09890)**: - Buyback of 228,200 shares - Total buyback amount of 3.13 million yuan - Year-to-date cumulative buyback of 598,580 shares, representing 1.12% of total share capital [2] - **Shoujia Technology (00103)**: - Buyback of 2.8 million shares - Total buyback amount of 2.21 million yuan - Year-to-date cumulative buyback of 5.75 million shares, representing 2.45% of total share capital [2] - **Meili Tianyuan Medical Health (02373)**: - Buyback of 70,000 shares - Total buyback amount of 2.21 million yuan - Year-to-date cumulative buyback of 30,050 shares, representing 0.127% of total share capital [2] - **Kangchen Pharmaceutical (01681)**: - Buyback of 100,000 shares - Total buyback amount of 1.54 million yuan - Year-to-date cumulative buyback of 623,200 shares, representing 7.32% of total share capital [2]

Core Points - The company, Lianyi Rong Technology-W, has been actively repurchasing its shares, with a total of 5.4667 million shares repurchased since September 11, amounting to HKD 179 million [2][3] - The stock price increased by 6.23% on October 20, closing at HKD 3.070, despite a cumulative decline of 3.76% during the repurchase period [2] - Year-to-date, the company has conducted 34 repurchase transactions, totaling 6.6485 million shares and an expenditure of HKD 210 million [3] Repurchase Details - On October 20, the company repurchased 245,000 shares at a price range of HKD 2.970 to HKD 3.070, with a total repurchase amount of HKD 743.93 thousand [2][3] - The highest repurchase price recorded during the recent transactions was HKD 3.610 on October 6, while the lowest was HKD 2.610 on September 1 [4] - The repurchase activity has been consistent, with multiple transactions occurring in October, including 252,000 shares on October 17 and 239,000 shares on October 16 [3][4]

Company News - China Mobile (00941.HK) reported a total operating revenue of 794.7 billion yuan for the first three quarters, a year-on-year increase of 0.4%, with a net profit of 115.4 billion yuan, up 4% [1] - As of September 30, communication service revenue was 683.1 billion yuan, a 0.8% increase year-on-year, while sales of products and others were 111.5 billion yuan, a decrease of 1.7% [1] - Mobile internet traffic increased by 8.3% year-on-year, with a mobile ARPU of 48.0 yuan [1] - Contemporary Amperex Technology Co., Ltd. (宁德时代) (03750.HK) achieved revenue of approximately 283.07 billion yuan from January to September, a year-on-year increase of 9.28%, with a net profit of approximately 49.03 billion yuan, up 36.2% [1] Financing and Buyback Dynamics - HSBC Holdings (00005.HK) repurchased 4.64 billion HKD worth of shares, totaling 4.5664 million shares, at prices ranging from 100.6 to 102.4 HKD [6] - Mengniu Dairy (02319.HK) repurchased shares worth 10.14 million HKD, totaling 700,000 shares, at prices between 14.37 and 14.52 HKD [6] - Lianyi Technology (09959.HK) repurchased shares worth 743.93 million HKD, totaling 2.45 million shares, at prices ranging from 2.97 to 3.07 HKD [7]

Group 1 - The company, Lianyi Rong Technology-W (09959), announced a share buyback plan on October 20, 2025, involving an expenditure of HKD 7.4393 million to repurchase 2.45 million shares [1]

智通财经APP讯，联易融科技-W(09959)发布公告，于2025年10月20日，该公司斥资743.93万港元回购 245万股。 ...

格隆汇10月20日丨联易融科技-W(09959.HK)公告，10月20日耗资744万港元回购245万股。 ...

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) 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) 表格類別： 股票 狀態： 新提交 呈交日期： 2025年10月20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 | | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | ...

Core Viewpoint - 联易融科技-W (09959.HK) experienced a significant increase in stock price, rising over 5% and reaching a price of 3.03 HKD with a trading volume of 18.04 million HKD [2] Summary by Category - **Stock Performance** - The stock price of 联易融科技-W rose by 4.84% to 3.03 HKD [2] - The trading volume was reported at 18.04 million HKD [2]

Core Viewpoint - 联易融科技-W (09959) has shown strong performance with a stock price increase of over 5%, currently trading at 3.03 HKD, with a transaction volume of 18.04 million HKD [1] Financial Performance - As of the first nine months of 2025, the customer retention rate for supply chain financial technology solutions is 99%, an increase of 3 percentage points compared to the end of 2024 [1] - The total number of core enterprise partners has reached 2,798, reflecting a growth of 29.8% from the end of 2024 [1] - The total number of financial institution partners stands at 405 [1] - The total transaction volume processed by the company's supply chain financial technology solutions is 329.37 billion CNY, representing a year-on-year growth of 29.2% [1] - The transaction volume for emerging solutions is 6.8197 billion CNY, showing a decline of 5.1% year-on-year [1] - The total transaction volume for technology solutions is 336.19 billion CNY, with a year-on-year increase of 28.2% [1] Business Growth - In the third quarter, the company's multi-level circulation cloud business continues to experience strong growth, driven by increased penetration of products within the customer base and ongoing market consolidation [1] - The company has achieved significant breakthroughs in emerging technology applications, successfully winning a bid for a Web3.0-based supply chain financial platform project for a major state-owned enterprise [1] - This project marks an important milestone under the company's "stablecoin+" strategy, indicating the first real-world application of verified stablecoin and digital asset solutions in a large state-owned enterprise's supply chain scenario [1]