Group 1 - The core point of the article is that Tianyue Advanced (02631) has been added to the Hong Kong Stock Connect eligible securities list due to the end of its price stabilization period in the Hong Kong market and after being listed on the A-share market for 10 trading days [1] Group 2 - The effective date for this inclusion in the Hong Kong Stock Connect is September 15 [1]

Core Viewpoint - Tianyue Advanced (02631) has seen a significant increase in stock price, rising over 7% following its inclusion in the Hong Kong Stock Connect program, effective from September 15 [1] Group 1: Company Performance - Tianyue Advanced's stock opened up over 7% and is currently trading at 61.9 HKD with a transaction volume of 11.33 million HKD [1] - The company is recognized as a leading player in silicon carbide substrates and has successfully expanded its overseas customer base [1] Group 2: Market Developments - The Shanghai and Shenzhen Stock Exchanges announced the inclusion of Tianyue Advanced in the Hong Kong Stock Connect eligible securities list, marking a significant milestone for the company [1] - The company has established business partnerships with over half of the top ten global power semiconductor manufacturers [1] Group 3: Product Applications - Tianyue Advanced is actively expanding its overseas market presence, with high-quality conductive silicon carbide substrate products being adopted in various sectors [1] - The company's products are utilized in electric vehicles, AI data centers, and photovoltaic systems, indicating a diverse application range [1]

Group 1 - Tianyue Advanced's stock price increased by 0.80% on September 12, with a trading volume of 2.661 billion yuan [1] - The company had a financing buy-in amount of 454 million yuan and a financing repayment of 455 million yuan on the same day, resulting in a net financing buy of -550,700 yuan [1] - As of September 12, the total margin balance for Tianyue Advanced was 1.044 billion yuan, with a financing balance of 1.035 billion yuan, accounting for 2.66% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of June 30, the number of shareholders for Tianyue Advanced was 17,000, a decrease of 6.53% from the previous period, while the average circulating shares per person increased by 6.99% to 17,663 shares [2] - For the first half of 2025, Tianyue Advanced reported operating revenue of 794 million yuan, a year-on-year decrease of 12.98%, and a net profit attributable to shareholders of 10.88 million yuan, down 89.32% year-on-year [2] - Among the top ten circulating shareholders as of June 30, 2025, notable changes included a decrease in holdings by Huaxia SSE Sci-Tech Innovation Board 50 ETF and an increase in holdings by E Fund SSE Sci-Tech Innovation Board 50 ETF [2]

Group 1 - The core point of the article is the adjustment of the Hong Kong Stock Connect eligible securities list, with Tianyue Advanced being added, effective from September 15 [1] Group 2 - The adjustment reflects ongoing changes in the market and aims to enhance investment opportunities for investors [1] - The inclusion of Tianyue Advanced may indicate its growing significance in the market [1] - This change is part of the broader strategy to optimize the Hong Kong Stock Connect program [1]

Core Viewpoint - The Shenzhen Stock Exchange has announced an adjustment to the Hong Kong Stock Connect eligible securities list, with Tianyue Advanced being added, effective from September 15 [1] Group 1 - The adjustment includes the inclusion of Tianyue Advanced in the Hong Kong Stock Connect eligible securities list [1]

Group 1 - The company has fully exercised the over-allotment option, resulting in an increase of H shares from 47,745,700 to 54,907,500 shares [2][3] - The over-allotment shares, totaling 7,161,800 H shares, represent approximately 15% of the initially available shares for subscription before the exercise of the over-allotment option [2][4] - The shares were issued at a price of HKD 42.80 per share, leading to a net fundraising amount of HKD 299.6 million after deducting underwriting fees and estimated expenses [3] Group 2 - The stabilization period for the global offering ended on September 14, 2025, which is 30 days after the deadline for submitting applications for the Hong Kong public offering [4] - During the stabilization period, the stabilization agent did not engage in any trading of H shares in the market [5]

Group 1 - Tianyue Advanced (02631.HK) announced that the overall coordinator and underwriters fully exercised the over-allotment option as of September 14, 2025, involving a total of 7,161,800 H-shares, accounting for approximately 15.0% of the initially available shares for subscription under the global offering [1] - The over-allotted shares will be issued at a price of HKD 42.80 per H-share, which is the same as the global offering price, excluding various fees [1] - The over-allotted shares will be used to expedite the delivery of H-shares to subscribers who agreed to delay their delivery under the global offering [1] Group 2 - The stabilization period for the global offering ended on September 14, 2025, which is 30 days after the deadline for submitting applications for the Hong Kong public offering [1]

根据香港法例第571W章证券及期货(稳定价格)规则第9(2)条，公司进一步宣布，全球发售的稳定价格期 间已于2025年9月14日(星期日)即递交香港公开发售申请截止日期后第30天)结束。 智通财经APP讯，天岳先进(02631)公布，招股章程所述超额配股权已于2025年9月14日(星期日)获保荐 人兼整体协调人(为其本身及代表国际包销商)悉数行使，涉及合共716.18万股H股，占全球发售项下初 步可供认购的发售股份总数约15.0%(于任何超额配股权获行使前)。超额配发股份将由公司按每股H股 42.80港元配发及发行。超额配发股份将用于加快向同意延迟交付其根据全球发售认购的相关H股的承配 人交付部分H股。 ...

天岳先进(02631)公布，招股章程所述超额配股权已于2025年9月14日(星期日)获保荐人兼整体协调人(为 其本身及代表国际包销商)悉数行使，涉及合共716.18万股H股，占全球发售项下初步可供认购的发售股 份总数约15.0%(于任何超额配股权获行使前)。超额配发股份将由公司按每股H股42.80港元配发及发 行。超额配发股份将用于加快向同意延迟交付其根据全球发售认购的相关H股的承配人交付部分H股。 根据香港法例第571W章证券及期货(稳定价格)规则第9(2)条，公司进一步宣布，全球发售的稳定价格期 间已于2025年9月14日(星期日)即递交香港公开发售申请截止日期后第30天)结束。 ...

Core Viewpoint - Tianyue Advanced (688234.SH) has successfully listed 47,745,700 H-shares on the Hong Kong Stock Exchange, with an additional 7,161,800 shares allocated through the exercise of the overallotment option, bringing the total to 54,907,500 H-shares [1] Group 1 - The overallotment shares will be issued at a price of HKD 42.80 per share [1] - The overallotment shares are intended to expedite the delivery of H-shares to investors who agreed to delay their subscription [1] - The listing of the overallotment shares has been approved by the Hong Kong Stock Exchange, with trading expected to commence on September 17, 2025 [1] Group 2 - The stabilization period for the global offering has concluded on September 14, 2025, which is 30 days after the submission deadline for the Hong Kong public offering application [1]