香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Unisplendour Corporation Limited 紫光股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 紫光股份有限公司 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、其聯席保薦人、整體協調人、顧問或包銷團成員表示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，不 會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依 據於香港公司註冊處處長註冊的本公司招股章程作出投資決定。該文件的文本將於發售期內向公眾人士刊 發。 (a) 本文件僅為向香港公 ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Unisplendour Corporation Limited 紫光股份有限公司 (the "Company") (A joint stock limited company incorporated in the People ...

Core Insights - The article highlights the strong performance of sectors such as consumer electronics, components, and communication devices, with a focus on AI infrastructure and applications driving growth in cloud computing ETFs [1] Group 1: AI Computing Developments - Google's TPU has introduced a new direction for AI computing with its OCS next-generation optical interconnect solution, designed specifically for accelerating AI and machine learning tasks, marking it as a significant support following GPUs [6] - Alibaba has raised its AI investment guidance, confirming a potential increase in capital expenditures to 380 billion yuan over the next three years, with cloud business growth reported at 34% [7] - Beijing has launched a "space computing" plan to build large-scale data centers in low Earth orbit, aiming to transfer substantial AI computing power to space [8][9] Group 2: Market Growth Projections - According to the China Academy of Information and Communications Technology, the global computing power scale is projected to grow to over 16 ZFLOPS by 2030, with a compound annual growth rate exceeding 50% [3] - The global cloud computing market is expected to reach $692.9 billion in 2024, reflecting a year-on-year growth of 20.3%, while China's cloud computing market is anticipated to grow to 828.8 billion yuan, a 34.4% increase [3] - The cloud computing ETF (159890) tracks the CSI Cloud Computing and Big Data Theme Index, which includes leading companies in optical modules, electronic terminals, and software development [3][13] Group 3: Investment Opportunities - The investment landscape for computing power is evolving, with new stock offerings from companies like Moore Threads and Muxi indicating a potential shift in the investment paradigm [2] - The demand for AI computing infrastructure is expected to remain robust, with significant opportunities in the supply chain for optical modules and related technologies [18][19]

Core Viewpoint - The IT service sector experienced a rise of 0.86% on December 1, with notable gains from companies like Xingtu Measurement and Control, which led the sector's performance [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3914.01, up by 0.65% [1]. - The Shenzhen Component Index closed at 13146.72, up by 1.25% [1]. - The IT service sector stocks showed varied performance, with significant gainers including: - Xingtu Measurement and Control (up 8.22% to 78.77) [1]. - Kaipu Cloud (up 6.86% to 172.48) [1]. - Zhuoyi Information (up 6.10% to 71.88) [1]. Group 2: Stock Performance Summary - The following companies experienced notable increases in stock prices: - Aerospace Hongtu (up 5.77% to 28.96) with a trading volume of 389,000 shares and a transaction value of 1.136 billion [1]. - Yacon Co., Ltd. (up 5.58% to 55.66) with a trading volume of 44,500 shares and a transaction value of 247 million [1]. - Jingsong Intelligent (up 4.88% to 28.36) with a trading volume of 61,400 shares and a transaction value of 175 million [1]. Group 3: Capital Flow Analysis - The IT service sector saw a net outflow of 591 million from institutional investors, while retail investors contributed a net inflow of 674 million [2]. - The capital flow for specific stocks included: - Han De Information with a net inflow of 457 million from institutional investors [3]. - Kaipu Cloud with a net inflow of 40.88 million from institutional investors [3]. - Aerospace Hongtu with a net inflow of 1.08 billion from institutional investors [3].

Core Viewpoint - Unisplendour Corporation Limited (紫光股份) is a leading global provider of digital and artificial intelligence solutions, focusing on comprehensive ICT infrastructure products and advanced cloud intelligence platforms [1][2]. Group 1: Company Overview - Unisplendour Corporation is recognized as a global leader in providing digital and AI solutions [2]. - The company offers a full-stack intelligent ICT infrastructure product line, which supports various industries in accelerating their digital and intelligent transformation [2]. Group 2: Product Offerings - The company designs and sells a diverse range of ICT infrastructure products that cover the entire digital solution industry chain, including key products such as cloud, network, security, computing, storage, and endpoints [2]. - In addition to ICT infrastructure products, Unisplendour provides one-stop digital solutions that integrate cloud computing, big data, artificial intelligence, Internet of Things, cybersecurity, smart connectivity, and edge computing, maximizing the technological investment benefits for clients [2]. - The company also distributes globally recognized ICT products in China [2].

Core Viewpoint - Unisplendour Corporation Limited (紫光股份) is a leading global provider of digital and artificial intelligence solutions, focusing on comprehensive ICT infrastructure products and advanced cloud intelligence platforms [1][2]. Group 1: Company Overview - Unisplendour Corporation is recognized as a global leader in providing digital and AI solutions [2]. - The company offers a full-stack intelligent ICT infrastructure product line, which supports various industries in accelerating their digital and intelligent transformation [2]. Group 2: Product Offerings - The company designs and sells a diverse range of ICT infrastructure products that cover the entire digital solution industry chain, including key products such as cloud, network, security, computing, storage, and endpoints [2]. - In addition to ICT infrastructure products, Unisplendour provides one-stop digital solutions that integrate cloud computing, big data, artificial intelligence, Internet of Things, cybersecurity, smart connectivity, and edge computing, maximizing the technological investment benefits for clients [2]. - The company also distributes globally recognized ICT products in China [2].

Core Viewpoint - Unisplendour Corporation Limited (referred to as Unisplendour) is a leading provider of digital and artificial intelligence solutions, offering a comprehensive range of ICT infrastructure products and advanced cloud-based intelligent platforms to facilitate digital transformation across various industries [1][2]. Group 1 - Unisplendour submitted its Hong Kong IPO prospectus on May 29, 2025, which became invalid after six months on November 29, 2025 [1]. - The company is supported by joint sponsors including CITIC Securities International, BNP Paribas, and China Merchants Jinling International [1]. - Unisplendour's product offerings include a full-stack intelligent ICT infrastructure, which encompasses cloud computing, big data, artificial intelligence, Internet of Things, cybersecurity, smart connectivity, and edge computing [2]. Group 2 - The company aims to maximize the technological investment benefits for its clients through its integrated digital solutions [2]. - Unisplendour also distributes globally recognized ICT products in China, enhancing its market presence [2].

Core Insights - The A-share market opened higher with the Shanghai Composite Index up 0.14%, Shenzhen Component Index up 0.42%, and ChiNext Index up 0.26. The precious metals and film sectors led the gains, while insurance, internet e-commerce, and software development sectors lagged behind [1] Group 1: AI Developments - Zhiyu AI released Qingying 2.0, capable of generating 1080P HD videos with a maximum length of 10 seconds, showing significant improvements in image quality and stability compared to OpenAI Sora. The upgrade reduces reasoning costs by 30% and has already generated over one million videos in its first month [1] - CITIC Securities analysis indicates that the focus of AI model development is shifting from sheer parameter scale to achieving higher "capability density" and better architectural efficiency. This transition is expected to lower the computational threshold, enabling more small and medium-sized enterprises to access AI technology at reduced costs, thus creating broader industrial applications and investment opportunities [1] Group 2: AI ETF Overview - The AI ETF (515070) tracks the CS AI Theme Index (930713), selecting stocks that provide technology, basic resources, and applications in the AI sector, focusing on the midstream of the AI industry chain. The top ten weighted stocks include leading domestic tech companies such as Zhongji Xuchuang, Xinyisheng, and others [2] - Related products include the AI ETF (515070), the Huaxia ChiNext AI ETF (159381), and the Huaxia Sci-Tech AI ETF (589010) [2]

Core Viewpoint - Unisplendour Corporation's stock price has shown fluctuations, with a recent increase of 2.01% to 25.42 CNY per share, while the company has experienced an overall decline of 8.41% this year [1] Group 1: Stock Performance - As of December 1, Unisplendour's stock price is 25.42 CNY, with a trading volume of 563 million CNY and a turnover rate of 0.78%, resulting in a total market capitalization of 72.703 billion CNY [1] - Year-to-date, Unisplendour's stock has decreased by 8.41%, with a recent 5-day increase of 3.97%, a 20-day decline of 6.58%, and a 60-day decline of 8.89% [1] - The company has appeared on the trading leaderboard once this year, with the most recent occurrence on February 21, where it recorded a net purchase of 1.31 billion CNY [1] Group 2: Company Overview - Unisplendour Corporation, established on March 18, 1999, and listed on November 4, 1999, is located in Beijing and specializes in IT services and electronic product distribution [2] - The company's main business revenue composition includes 76.00% from ICT infrastructure and services, 29.55% from IT product distribution and supply chain services, and 0.47% from other sources [2] - Unisplendour operates within the computer industry, specifically in IT services, and is involved in various concept sectors such as IPV6, edge computing, and intelligent transportation [2] Group 3: Financial Performance - For the period from January to September 2025, Unisplendour reported a revenue of 77.322 billion CNY, reflecting a year-on-year growth of 31.41%, while the net profit attributable to shareholders decreased by 11.24% to 1.404 billion CNY [2] - The company has distributed a total of 2.246 billion CNY in dividends since its A-share listing, with 615 million CNY distributed over the past three years [3] Group 4: Shareholder Information - As of September 30, 2025, Unisplendour had 290,000 shareholders, an increase of 1.75% from the previous period, with an average of 9,862 circulating shares per shareholder, a decrease of 1.72% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 63.957 million shares, and several ETFs, including Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, which have seen reductions in their holdings [3]

格隆汇11月28日丨紫光股份(000938.SZ)公布，紫光国际与各投资者分别与HPE开曼签署了《股份购买协 议》。其中，紫光国际拟以370,372,247.70美元的对价收购新华三503,230股股份，占新华三股份比例约 为5.19%，收购资金来源为自有或自筹资金；宁波甬宁和合肥华芯拟分别以140,000,017.80美元和 132,478,200.00美元的对价收购新华三190,220股和180,000股股份，分别占新华三股份比例约为1.96%和 1.85%。紫光国际和各投资者收购新华三股份的价格均为735.99美元/股。本次交易价格与紫光国际2024 年与HPE开曼和IzarHoldingCo签署的《经修订和重述的卖出期权行权股份购买协议》约定的收购新华三 30%股份交易的交易定价以及《后续安排协议》中约定的期权行权价格均保持一致，并与新华三10%股 权交易定价相一致。 新华三10%股权交易中，各股权受让方（包括紫光国际、信华智联、中信金融资产、长石智华、招华信 通）与HPE开曼分别独立签署并履行《股份购买协议》；本次交易中，各股权受让方（包括紫光国际、 宁波甬宁、合肥华芯）与HPE开曼分别独立签署并履 ...