Core Points - The announcement details the upcoming public listing of 36,505,147 restricted shares of Fengcai Technology, which will be available for trading starting October 20, 2025 [2][4][15] - The restricted shares represent 32.0447% of the company's total share capital, which has increased from 92,363,380 shares to 113,919,380 shares due to the issuance of H-shares [6][7][15] Group 1: Listing Details - The type of stock being listed is the initial public offering (IPO) restricted shares, with a total of 36,505,147 shares set for public trading [2][3] - The listing date for these shares is confirmed as October 20, 2025 [4][15] - The controlling shareholders will continue to comply with the relevant restrictions set by the stock exchanges [4][6] Group 2: Shareholder Commitments - The controlling shareholder, Fengcai Technology (Hong Kong) Limited, has committed not to transfer or manage the shares for 36 months post-listing, with specific conditions for share reduction thereafter [8][9] - The other shareholder, Xinyun Technology (Shenzhen) Limited, has made similar commitments regarding share management and reduction [10][11] Group 3: Financial and Compliance Status - As of the announcement date, there are no instances of fund occupation by the controlling shareholders or related parties [12] - The sponsor institution, Guotai Junan Securities, has verified that the shareholders have adhered to their commitments regarding the restricted shares [13][14]

Core Insights - The Hong Kong IPO market has seen significant activity this year, with insurance capital actively participating as cornerstone investors, totaling nearly 30 billion HKD in subscriptions [1][2] Group 1: Insurance Capital Participation - Seven insurance institutions have participated in the IPO placements of seven companies in Hong Kong, with a total subscription amount of approximately 29.32 billion HKD [1] - The number of participating insurance institutions, the number of companies invested in, and the subscription amount have all exceeded the total for the previous year, which was less than 10 billion HKD [1] - Taikang Insurance and its subsidiaries have been the most active, participating in five IPO placements and investing over 14 billion HKD [1][2] Group 2: Market Drivers - The active participation of insurance capital in Hong Kong IPOs is driven by three main factors: policy guidance, asset allocation needs, and market opportunities [2] - In a low-interest-rate environment, insurance capital seeks to enhance long-term returns through equity investments, particularly in emerging industries that align with national strategic goals [2] Group 3: Performance and Strategy - Many participating insurance institutions have already realized floating profits from their IPO investments, with significant price increases observed in stocks like Zijin Mining and Chery Automobile [3] - Insurance capital's strategy as cornerstone investors involves a long-term perspective, focusing on the future growth potential of the companies rather than short-term price fluctuations [3] - The classification of assets for insurance capital participating in IPOs is expected to remain primarily as trading financial assets under new financial instrument standards [3] Group 4: Future Outlook - Industry experts anticipate that insurance capital will continue to increase its equity investment in both primary and secondary markets to address challenges posed by the low-interest-rate environment [4] - The recent regulatory changes have enhanced the advantages for insurance capital in IPO allocations, allowing them to leverage their long-term investment capabilities [5] - Future investment strategies may shift towards active industry empowerment, focusing on hard technology and green sectors, with an increased holding ratio [5]

证券代码：688279 证券简称：峰岹科技 公告编号：2025-061 峰岹科技（深圳）股份有限公司 关于股东股份解除质押的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 重要内容提示： 公司近日接到股东微禾的通知，获悉其所持有的公司部分股份已办理解除质 押手续，具体情况如下： 一、 本次股份解除质押情况 | 股东名称 | | | | 微禾创业投资（珠海横琴）有限公司 | | --- | --- | --- | --- | --- | | 本次解除质押/冻结/标记股份 | 500,000 | 股 | | | | 占其所持股份比例 | 20.8761% | | | | | 占公司总股本比例 | 0.4389% | | | | | 解除质押/冻结/标记时间 | 年 2025 | 10 | 月 9 | 日 | | 持股数量 | 2,395,080 | 股 | | | 1 峰岹科技（深圳）股份有限公司（以下简称"公司"）股东微禾创业投 资（珠海横琴）有限公司（曾用名：深圳微禾投资有限公司，以下简称 "微禾"）持有 ...

证券代码：688279 证券简称：峰岹科技 公告编号：2025-060 峰岹科技（深圳）股份有限公司 关于首次公开发行部分限售股上市流通公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上 市股数为36,505,147股。 本次股票上市流通总数为36,505,147股。 本次股票上市流通日期为2025 年 10 月 20 日。 本次股票上市流通后，控股股东及其一致行动人将继续遵守股 票上市地上市规则（包括上海证券交易所及香港联合交易所有限公司） 的相关限售规定。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 3 月 4 日出具的《关于同意峰岹科技 （深圳）股份有限公司首次公开发行股票注册的批复》（证监许可[2022]457 号）， 同意公司首次公开发行股票的注册申请。公司首次向社会公众公开发行人民币普 通股（A 股）股票 23,090,850 股，并于 2022 年 4 月 20 日在上海证券交易所科创 板上市，发行完成后总 ...

关于峰岹科技（深圳）股份有限公司 国泰海通证券股份有限公司 首次公开发行部分限售股上市流通的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 峰岹科技（深圳）股份有限公司（以下简称"峰岹科技"或"公司"）首次公开 发行股票并在科创板上市的持续督导保荐机构，根据《中华人民共和国公司法》 《中华人民共和国证券法》《证券发行上市保荐业务管理办法》及《上海证券交 易所科创板股票上市规则》等相关法律、行政法规、部门规章及其他规范性文件 的相关规定，对峰岹科技首次公开发行部分限售股上市流通事项进行了核查，核 查情况及核查意见如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 3 月 4 日出具的《关于同意峰岹科 技（深圳）股份有限公司首次公开发行股票注册的批复》（证监许可[2022]457 号）， 同意公司首次公开发行股票的注册申请。公司首次向社会公众公开发行人民币普 通股（A 股）股票 23,090,850 股，并于 2022 年 4 月 20 日在上海证券交易所科 创板上市，发行完成后总股本为 92,363,380 股，其中有限售条件流通股 71,362,59 ...

Core Insights - Zijin Mining's subsidiary, Zijin Gold International, has successfully listed on the Hong Kong Stock Exchange, marking it as the second-largest IPO in Hong Kong this year [2][3] - The IPO attracted 29 cornerstone investors, including major insurance companies such as Taikang Life and China Pacific Insurance, highlighting the significant role of insurance capital in Hong Kong IPOs this year [1][3] Group 1: IPO Participation - Taikang Life has participated in at least five Hong Kong IPOs this year, with a total investment exceeding 1.4 billion HKD across various projects [2][3] - China Pacific Insurance has also been active in the IPO market, matching Taikang Life's investment scale in the same projects [3] - Other insurance companies, such as Dajia Life and China Post Life, have also made notable investments in recent IPOs, indicating a trend of increased participation from insurance capital [3] Group 2: Investment Strategies - Insurance capital is increasingly focusing on equity investments, not only in IPOs but also in the primary and secondary markets [4][5] - China Life has emerged as a strategic investor in the largest A-share IPO of the year, Huadian New Energy, showcasing the growing influence of insurance funds in various market segments [4] - Recent regulatory changes have improved the allocation advantages for insurance capital in IPOs, allowing them to secure a larger share of new offerings [5] Group 3: Market Performance - The performance of newly listed stocks has been favorable, with many IPOs achieving significant gains on their first trading day, such as Zijin Gold International, which rose over 68% [7] - The overall trend indicates that insurance capital has been able to realize substantial floating profits from their IPO investments, although the long-term profitability remains uncertain due to lock-up periods [7]

HKEX 香 港交 易 所 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 l. 法定/註冊股本變動 | 1.股份分類 | 普通股 | 股份類別 | IH | | 於香港聯交所上市(註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01304 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底结存 | | | 21,556,000 RMB | | 1 RMB | | 21,556,000 | | 增加 / 減少 (-) | | | | | RMB | | | | 本月底结存 | | | 21,556,000 RMB | | 1 RMB | | 21,556,000 | | 2. 股份分類 | 普通股 | 股份類別 | | 於香港聯交所上市(註1) | 운 | | | --- | --- | --- | --- | --- | - ...

Core Insights - There has been a significant influx of overseas capital into emerging markets this year, with Hong Kong stocks becoming a popular choice for companies looking to go public [1] - According to Deloitte, the Hong Kong Stock Exchange ranked first globally in terms of fundraising, with over 180 billion HKD raised in the first three quarters [1] - A total of 66 new stocks were listed in Hong Kong during the first three quarters, raising over 180 billion HKD, a substantial increase compared to only 45 new stocks raising less than 60 billion HKD in the same period last year [1] - The increase in fundraising is attributed to the concentration of large new stock issuances from mainland China, with CATL's H-share raising 41 billion HKD, making it the largest new stock issuance globally this year [1] Company Highlights - Among the successful companies that went public in Hong Kong, four are from Shenzhen: Chow Tai Fook, Peak Technology, Daheng New Epoch Technology, and Health 160 [1] - Peak Technology successfully issued shares to establish an "A+H" dual listing structure, becoming the first stock in the Hong Kong semiconductor industry focused on motor drive control chips [1] - Peak Technology raised a total of 2.259 billion HKD, which will enhance its research and development capabilities and expand its overseas sales network, thereby increasing its competitiveness in the global market [1]

Company Overview - Fengcai Technology (Shenzhen) Co., Ltd. is primarily engaged in the research, design, and sales of motor drive control specialized chips, with a focus on microcontroller units (MCU), application-specific integrated circuits (ASIC), high-voltage integrated circuits (HVIC), metal-oxide-semiconductor field-effect transistors (MOSFET), and intelligent power modules (IPM) [1] - The company's products are utilized in smart home appliances, white goods, power tools, sports mobility, industrial applications, and automotive sectors [1] - As of the latest report, the company's main revenue sources are: MCU 60.82%, ASIC 17.83%, HVIC 11.52%, IPM 9.41%, MOSFET 0.32%, and others 0.10% [1] Market Performance - On September 29, Fengcai Technology's stock increased by 5.38%, reaching a price of 243.11 yuan per share, with a trading volume of 301 million yuan and a turnover rate of 2.32%, resulting in a total market capitalization of 27.695 billion yuan [1] Fund Holdings - E Fund has a significant position in Fengcai Technology, with its E Fund Science and Technology Innovation Board Two-Year Open Mixed Fund (506002) holding 192,600 shares, representing 3.15% of the fund's net value [2] - In the second quarter, this fund reduced its holdings by 85,600 shares, and the estimated floating profit from this position is approximately 2.39 million yuan [2] Fund Manager Performance - The fund manager of E Fund Science and Technology Innovation Board Two-Year Open Mixed Fund is Zheng Xi, who has a tenure of 13 years and 5 days [3] - Under Zheng Xi's management, the fund has achieved a best return of 418.6% and a worst return of 2.36% during his tenure [3]

Company Overview - Fengcai Technology (Shenzhen) Co., Ltd. is primarily engaged in the research, design, and sales of motor drive control specialized chips, with a focus on microcontroller units (MCU), application-specific integrated circuits (ASIC), high-voltage integrated circuits (HVIC), metal-oxide-semiconductor field-effect transistors (MOSFET), and intelligent power modules (IPM) [1] - The company's products are utilized in smart home appliances, white goods, power tools, sports mobility, industrial applications, and automotive sectors [1] - The revenue composition of the company includes: MCU 60.82%, ASIC 17.83%, HVIC 11.52%, IPM 9.41%, MOSFET 0.32%, and others 0.10% [1] Market Performance - On September 26, Fengcai Technology's stock price decreased by 5.09%, closing at 230.55 CNY per share, with a trading volume of 453 million CNY and a turnover rate of 3.43%, resulting in a total market capitalization of 26.264 billion CNY [1] - As of the latest data, a fund under Ping An Asset Management has a significant position in Fengcai Technology, with the Ping An Advanced Manufacturing Theme Stock Fund A (019457) increasing its holdings by 67,800 shares in the second quarter, totaling 263,100 shares, which represents 3.44% of the fund's net value [2] Fund Performance - The Ping An Advanced Manufacturing Theme Stock Fund A (019457) was established on October 24, 2023, with a current size of 430 million CNY [2] - The fund has achieved a year-to-date return of 96.01%, ranking 14th out of 4,220 in its category, and a one-year return of 170.32%, ranking 7th out of 3,824 [2] - The fund manager, Zhang Yinxian, has been in position for 1 year and 339 days, with the fund's best return during his tenure being 107.28% and the worst being 31.36% [3]