Summary of Key Points Core Viewpoint - Multiple companies, including Tencent Holdings and Hang Seng Bank, conducted share buybacks on September 17, 2025, with Tencent leading in both the number of shares repurchased and the total amount spent. Group 1: Company Buyback Details - Tencent Holdings (00700) repurchased 839,000 shares for a total of 551 million, with a year-to-date total of 58.158 million shares, representing 0.633% of its total share capital [1][2] - Hang Seng Bank (00011) repurchased 200,000 shares for 23.8014 million, with a year-to-date total of 6.93 million shares, representing 0.368% of its total share capital [2] - Pacific Shipping (02343) repurchased 6 million shares for 14.9526 million, with a year-to-date total of 41.006 million shares, representing 0.798% of its total share capital [2] - Weigao Group (01066) repurchased 1.9548 million shares for 11.4255 million, with a year-to-date total of 14.2136 million shares, representing 3.148% of its total share capital [2] - MGM China (02282) repurchased 502,000 shares for 7.873 million, with a year-to-date total of 2.23295 million shares, representing 0.587% of its total share capital [2] Group 2: Other Notable Buybacks - Jitu Express-W (01519) repurchased 870,000 shares for 7.8348 million, with a year-to-date total of 870,000 shares, representing 0.010% of its total share capital [2] - Linkage Technology-W (09959) repurchased 2.3 million shares for 7.4586 million, with a year-to-date total of 19.9075 million shares, representing 0.932% of its total share capital [2] - Mengniu Dairy (02319) repurchased 200,000 shares for 3.074 million, with a year-to-date total of 10.816 million shares, representing 0.276% of its total share capital [2] - China Hongqiao (01378) repurchased 112,500 shares for 2.822 million, with a year-to-date total of 150 million shares, representing 1.610% of its total share capital [2] - Coolpad Group (02369) repurchased 1.348 million shares for 1.8057 million, with a year-to-date total of 23.095 million shares, representing 5.639% of its total share capital [2]

Summary of Key Points Core Viewpoint - The company, Lianyi Rong Technology-W, has been actively repurchasing its shares, indicating a strategy to enhance shareholder value and confidence in its stock performance [2][3]. Share Buyback Activity - On September 17, the company repurchased 2.3 million shares at prices ranging from HKD 3.110 to HKD 3.370, totaling HKD 7.4586 million [2]. - The stock closed at HKD 3.350 on the same day, reflecting a 5.68% increase, with a total trading volume of HKD 49.7126 million [2]. - Since September 11, the company has conducted buybacks for five consecutive days, accumulating a total of 9.1355 million shares repurchased and a total expenditure of HKD 29.3667 million, with the stock rising by 5.02% during this period [2]. Year-to-Date Buyback Summary - Year-to-date, the company has executed 13 buybacks, totaling 20.9535 million shares and an aggregate buyback amount of HKD 60.3210 million [3]. - A detailed breakdown of the buyback activities shows varying amounts and prices, with the highest buyback price recorded at HKD 3.370 on September 17 [3].

Core Viewpoint - 联易融科技-W (09959) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Summary by Category Company Actions - The company plans to repurchase 2.3 million shares at a total cost of HKD 7.4586 million [1] - The buyback price per share ranges from HKD 3.11 to HKD 3.37 [1] Financial Implications - The total expenditure for the buyback represents a strategic investment in the company's own equity, potentially enhancing shareholder value [1]

Group 1 - The company, Lianyi Rong Technology-W (09959), announced a share buyback plan [1] - The total expenditure for the buyback is HKD 7.4586 million [1] - The company plans to repurchase 2.3 million shares at a price range of HKD 3.11 to HKD 3.37 per share [1]

Group 1 - Company announced a share buyback of 2.3 million shares at a cost of HKD 7.459 million on September 17 [1]

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9月17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 | ...

Group 1 - The core point of the article is that Lianyi Rong Technology-W (9959.HK) experienced a significant stock price increase, reaching a new high since March 8, 2023, with a year-to-date gain of 99.4% [1] - The company announced a share buyback of 2.22 million shares for a total cost of HKD 6.986 million on September 16 [1] - Since September, Lianyi Rong Technology has repurchased approximately 17.61 million shares over 10 trading days, indicating strong confidence in its stock price and long-term development [1] Group 2 - The stock closed at HKD 3.35, with a trading volume of 49.71 million shares and a market capitalization of HKD 7.157 billion [1] - The recent buyback plan reflects the company's commitment to enhancing shareholder value and confidence in its future prospects [1]

Core Insights - The supply chain finance market has shown a declining trend in both investment and financing activities from 2014 to 2025, with a peak financing amount of 38 billion yuan in 2018, reflecting the rapid development of the supply chain industry and its funding needs [1][2] - The average single investment amount in supply chain finance has mostly remained between 100 million to 200 million yuan from 2014 to 2025, with notable spikes in 2018, 2020, and 2022 due to specific policy supports and economic measures [2][9] - The investment landscape is shifting towards more cautious capital market behavior, with average single investment amounts expected to drop to the million yuan level starting in 2024 [2] Investment Trends - The number of financing events in the supply chain finance sector peaked in 2016 with 113 events, but has since decreased, with only 8 events recorded in both 2023 and 2024 [1] - In the first half of 2025, the total investment amount further decreased to 230 million yuan, indicating a continued contraction in the market [1] - B-round and strategic financing rounds are the most common, each accounting for 23% of the total financing rounds from 2021 to 2025, indicating a trend towards maturity and stability in financing needs [9] Geographic Focus - Investment in the supply chain finance sector is primarily concentrated in Shanghai (33%), followed by Beijing (16%), and both Guangdong and Zhejiang (15%) [12][14] - These regions are characterized by their economic development, numerous enterprises, and well-established industrial chains, facilitating frequent flows of capital, goods, and information [12] Investment Entities - Private equity and venture capital (PE/VC) firms dominate the investment landscape, accounting for 62% of total investments, while corporate investors make up 24% [11] - The presence of local government-backed funds is also notable, with government investments comprising around 4% of the total [11] Mergers and Acquisitions - The supply chain finance industry is experiencing a trend towards horizontal mergers, with most transactions involving the acquisition of over 50% equity in smaller firms, reflecting a move towards industry standardization [18] - The primary motivations for mergers and acquisitions include business expansion and capital appreciation, with a focus on enhancing service quality and regulatory compliance [18]

日期 回购股数 （万港元） 2025.09.16 222.00 3.300 3.080 698.59 2025.09.15 225.00 3.310 3.210 730.08 2025.09.12 169.90 3.260 3.210 552.25 2025.09.11 66.65 3.160 3.090 209.90 2025.09.08 53.30 2.910 2.850 153.60 2025.09.05 130.10 2.850 2.790 369.46 2025.09.04 353.00 2.830 2.720 977.71 2025.09.03 150.45 2.810 2.750 422.01 2025.09.02 367.00 2.720 2.620 983.90 2025.09.01 23.35 2.610 2.570 60.52 2025.04.07 47.00 1.050 1.030 49.01 2025.03.31 57.60 1.410 1.350 79.22 证券时报•数据宝统计，联易融科技-W在港交所公告显示，9月16日以每股3.080港元至3.300港元的价格 回购222.00 ...

格隆汇9月16日丨联易融科技-W(09959.HK)公告，9月16日耗资698.6万港元回购222万股。 ...