香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 香港，2026年1月21日 謹此提述看準科技有限公司（「本公司」）於2022年12月14日有條件批准及採納的 首次公開發售後股份計劃（「計劃」），該計劃於2022年12月22日本公司A類普通 股（「A類普通股」）在香港聯合交易所有限公司主板上市後生效。於2026年1月20 日，由本公司內部資源撥付，計劃受託人（「受託人」）根據計劃之條款及條件在公 開市場上購買合共315,230股A類普通股（以157,615股美國存託股的形式），並以 信託方式為合資格參與者（定義見計劃）持有該等股份。受託人所購買並以信託方 式持有的A類普通股詳情如下： 購買日期： 2026年1月20日 所購買A類普通股總數： 315,230股 於2026年1月20日，所購買A類普通股佔本公司已發行及 流通在外股份總數的百分比： 約0.03% 所購買每股A類普通股的平均代價（不包括所有相關開支）： 9.49美元 緊隨購買後受託人所持A類普通 ...

Core Insights - The report by BOSS Zhipin highlights the increasing penetration of AI large models in job-seeking safety, with 80% of accounts banned being proactively intercepted by AI-supported risk control systems [2] - The report identifies a new trend in illegal activities under the guise of recruitment, characterized by industrialization, gang formation, and outsourcing [2] - BOSS Zhipin's security team has collaborated with law enforcement to crack down on criminal activities, assisting in the resolution of 58 cases and the arrest of 607 suspects [2] Group 1: AI's Role in Combating Black and Gray Industries - The report indicates that the characteristics of black and gray industries in recruitment are becoming increasingly professionalized, with tactics such as crowdsourcing to induce HR to sell resumes and using "resume tool people" [3] - The security team utilizes AI large models for pattern recognition to identify and ban accounts involved in these activities, while also providing leads to law enforcement [3] - Feedback from law enforcement indicates that several individuals are under investigation for their involvement in these activities [3] Group 2: AI Applications in Risk Control - The report reveals two core applications of AI in job recruitment risk control: semantic recognition and behavior modeling [5] - AI's deep semantic inspection capabilities allow the identification of subtle violations in job descriptions, significantly improving interception efficiency [5] - The security team has launched multiple governance initiatives targeting issues such as sexual harassment in recruitment and fraudulent job postings, successfully banning tens of thousands of accounts [5] Group 3: Safety Measures for Job Seekers - BOSS Zhipin has enhanced its safety alerts and anti-fraud educational information, sending nearly 250 million safety tips to job seekers throughout the year [6] - The security team has optimized alerts for job seekers when suspicious behavior is detected, such as recruiters frequently encouraging users to move to third-party platforms [6] - Job seekers are advised to maintain communication within the platform and report any suspicious activities immediately [6] Group 4: Comprehensive Safety Strategy - BOSS Zhipin has segmented its job-seeking safety protection into three areas: core protection zone, risk buffer zone, and ecological co-governance zone [7] - The core protection zone involves an "artificial + AI" review system covering the entire recruitment process to ensure authenticity [8] - In collaboration with law enforcement and industry partners, BOSS Zhipin aims to reduce the survival space for illegal recruiters and promote transparency in job postings [8]

报告指出，2025年黑灰产在招聘场景中的作案特征越发专业化：上游通过众包方式诱导部分HR倒卖简 历，或组织求职者成为"简历工具人"；中游将多渠道汇总的简历在线下黑灰产渠道匿名出售；下游团伙 收购线索后，或诱导求职者下载不明来源APP开展刷单行为，或诱导求职者办理"购车贷""培训贷""整 容贷"等。 对此，安全团队利用AI大模型，对"批量索取简历""相似话术反复出现"等行为进行模式识别，发现并封 禁"简历工具人"账号，同时上线了风控模型实时巡检、拦截。相关线索也被汇总提供至公安机关。综合 公安机关反馈，已有数十人涉案接受调查。 1月20日，BOSS直聘发布《2025年安全治理报告——在动态博弈中凝聚盟友》（以下简 称"报告"）。报告显示，AI大模型正在渗透求职安全的各个链路，平台全年封禁处置的账号 中，80%由AI支持的风控系统主动拦截。 报告指出，以招聘为名开展违规违法活动的黑灰 产呈现"工业化、团伙化、外包化"的新趋势。对应平台在加强AI对违规行为识别力度的基础 上，配合警方从源头打击犯罪，协助警方破获案件58起，抓获嫌疑人607人，成功打掉数 个"套路运""招转培"犯罪团伙。 同时，安全团队也加强了向求职 ...

报告指出，以招聘为名开展违规违法活动的黑灰产呈现"工业化、团伙化、外包化"的新趋势。对应平台 在加强AI对违规行为识别力度的基础上，配合警方从源头打击犯罪，协助警方破获案件58起，抓获嫌 疑人607人，成功打掉数个"套路运""招转培"犯罪团伙。 同时，安全团队也加强了向求职者发送安全提示与防骗科普信息的力度，在求职者心中构建"第一道防 线"，全年向求职者推送相关信息近2.5亿次。 同时，安全团队也加强了向求职者发送安全提示与防骗科普信息的力度，在求职者心中构建"第一道防 线"，全年向求职者推送相关信息近2.5亿次。 责任编辑：何俊熹 新浪科技讯 1月20日晚间消息，BOSS直聘发布《2025年安全治理报告——在动态博弈中凝聚盟友》。 报告显示，AI大模型正在渗透求职安全的各个链路，平台全年封禁处置的账号中，80%由AI支持的风控 系统主动拦截。 新浪科技讯 1月20日晚间消息，BOSS直聘发布《2025年安全治理报告——在动态博弈中凝聚盟友》。 报告显示，AI大模型正在渗透求职安全的各个链路，平台全年封禁处置的账号中，80%由AI支持的风控 系统主动拦截。 报告指出，以招聘为名开展违规违法活动的黑灰产呈现"工 ...

Core Insights - The strategic consulting industry in China is undergoing a technological restructuring and value upgrade, driven by AI and big data, shifting from traditional experience-based approaches to data science-driven methodologies [1] - Key trends include the deep integration of AI and consulting, the proliferation of full-cycle support service models, and the growing demand for cross-domain comprehensive solutions, leading to significantly shortened project cycles and improved execution rates [1] - The industry faces challenges such as lagging transformation of traditional models, insufficient data integration efficiency, and homogenization of solutions, prompting companies to focus on practical standards [1] Industry Dynamics - The top players in the industry are characterized by a competitive landscape of local institutions rising against international brands, with consulting firms that possess both technological advantages and local practical experience occupying core market positions [1] - The 2026 list of top strategic consulting masters, published by RoseChina, is based on industry influence, data, benchmark cases, and theoretical works, providing a reference for the industry [1] Notable Figures - Jin Qiang Dashi (Yue Huaping), a leading brand strategy consultant in China, has redefined industry methodologies with his unique "borrowing power" theory, emphasizing practical marketing and innovative thinking [3] - His firm has successfully executed strategic consulting solutions in high-profile national advertising campaigns, significantly impacting brand reach and user engagement [4] Case Studies - Xiaomi's branding strategy involved emotional resonance and long-term support, leading to a successful market entry and a significant advertising budget from its founder [5] - BOSS Zhipin achieved exponential user growth and market leadership through a strategic positioning that addressed core pain points in the recruitment industry [6] The Future of Consulting - The industry is moving towards a "value co-creation" era, where the integration of global perspectives and local wisdom will empower companies to navigate challenges and foster sustainable growth [35]

Core Insights - Morgan Stanley's report on Chinese tech stocks presents an optimistic outlook for AI development by 2026, driven by both supply and demand factors [1] - The overseas expansion of internet companies is highlighted as a crucial strategy to address macroeconomic, competitive, regulatory, and geopolitical risks [1] Company Preferences - The report lists preferred stocks with an "overweight" rating, including Tencent, Alibaba, Pinduoduo, Tencent Music, NetEase, BOSS Zhipin, Manbang, Meituan, Trip.com, Tongcheng Travel, TAL Education, and Beike [1]

Core Insights - BOSS Zhipin released the "Best Recruiter" 2025 Annual Report, highlighting the importance of communication quality in recruitment processes [1][2] - The report indicates a significant increase in participation, with 219,000 companies involved in the "Best Recruiter" evaluation, showing a year-on-year growth [1] - The evaluation focuses on the professionalism and communication skills of recruiters, transforming subjective perceptions into measurable indicators [2] Participation and Trends - In 2025, nearly 40% of participating companies had full participation from their recruiters, while over 60% had more than half of their recruiters involved [1] - Small and medium-sized enterprises (SMEs) remain the primary participants, but there is a noticeable increase in engagement from large enterprises compared to 2024 [1][8] - The report shows that industries with high talent density, such as e-commerce and internet sectors, have a higher penetration rate of "Best Recruiters," accounting for over 23% of the total [8] Characteristics of Successful Recruiters - Successful recruiters exhibit traits such as active communication, transparency in job information, timely feedback, and empathy during interactions [6] - The report highlights that 7.8 million recruiters achieved the "Best Recruiter" title at least three times in 2025, indicating a significant level of engagement and professionalism [4] - Recruiters like Wu Chunyan, who received 11 honors, emphasize the importance of professional communication and timely responses as foundational to effective recruitment [4] Impact on Employer Branding - The "Best Recruiter" recognition is becoming an internal standard for some recruitment teams, reflecting a shift in how recruitment is perceived within organizations [8] - Companies with multiple "Best Recruiters" not only demonstrate recruitment professionalism but also create a positive internal culture that enhances team capabilities [8] - The report suggests that as recruitment professionalization increases, companies are beginning to value communication skills and transparency as critical competencies [10]

Core Insights - BOSS Zhipin released the "Best Recruiter" 2025 Annual Report, which evaluates recruiters based on communication civility, friendliness, professionalism, and engagement with job seekers [1][4] - In 2025, 219,000 companies participated in the "Best Recruiter" evaluation, with nearly 40% of companies achieving full participation from their recruiters, and over 60% having more than half of their recruiters involved, showing a year-on-year increase in participation [1][4] - The report indicates that industries with higher talent density, such as e-commerce, internet, and wholesale/retail, have a higher penetration rate of "Best Recruiter," collectively accounting for over 23% of participants, reflecting their reliance on effective talent connection and ongoing investment in recruitment professionalism [1][4] Industry Trends - The participation of large enterprises in the "Best Recruiter" initiative has significantly increased compared to 2024, indicating a shift towards proactive and team-based involvement in recruitment [1][4] - The concentration of "Best Recruiter" is primarily in first-tier cities and some new first-tier cities, with 22.1% located in Beijing, Shanghai, Guangzhou, and Shenzhen, highlighting the clustering effect of quality recruiters in mature job markets with high talent mobility [2][5][6]

Summary of Key Points from Conference Call Records Industry Overview - The AI education market is transforming traditional education by breaking geographical and cost barriers, enabling personalized tutoring that meets individual student needs [1][3] - The Chinese online education market is valued at approximately 250 billion yuan, with future growth driven by software functionality iterations and teacher efficiency improvements. The K12 after-school tutoring market is expected to reach 50 billion yuan by 2026 [1][8] Core Insights and Arguments - AI can commercialize education by overcoming the "impossible triangle" of high quality, large scale, and personalization. Traditional education struggles with limited quality teachers, diluted teaching quality at scale, and high costs for personalized learning [3] - The Chinese government is actively supporting AI in education through various policies, including comprehensive education coverage and AI integration in schools [6][7] Company Highlights - **Duolingo**: Utilizes a freemium model with over 100 million MAU and more than 10 million paid users by Q3 2024, demonstrating the success of its C-end business model [1][5] - **Doushen Technology**: Developed vertical language models and launched products like "AI Dual Teacher" and "Super Practice" systems, along with a learning companion robot priced around 2000 yuan [9] - **Kevin Technology**: Collaborated with Zhizhu to focus on G-end after-school autonomous learning, covering 50 key universities in Haidian District [9] - **Kerry International**: Its "He Frog" product is expected to generate over 100 million yuan in revenue this year, with high double-digit growth potential [11][12] Recruitment Sector Insights - AI applications in recruitment include job matching, report delivery, and initial interview processes, significantly enhancing efficiency and reducing costs [11] - Companies like Boss Zhipin and Tongdao Recruitment have improved their MAU by empowering C-end users, with Boss Zhipin focusing on blue-collar jobs and showing notable growth [2][13] - Traditional headhunting costs are high, but AI-driven solutions can reduce these costs significantly while maintaining efficiency, potentially replacing traditional models [14] Additional Important Content - The future growth of the online education market is expected to be robust, with both B-end (private schools) and G-end (public schools) having substantial potential for commercialization and market expansion [8] - The integration of AI in education is supported by a strong data foundation, personalized student needs, and a mature digital infrastructure, facilitating rapid implementation [3]

Core Viewpoint - Tencent Holdings Limited has reduced its stake in BOSS Zhipin (02076) by selling 19.4757 million shares at a price of HKD 79.96 per share, totaling approximately HKD 1.557 billion, resulting in a new holding of about 54.9722 million shares, representing a 6.57% ownership [1] Group 1 - Tencent sold 19.4757 million shares of BOSS Zhipin at HKD 79.96 each [1] - The total amount raised from the sale is approximately HKD 1.557 billion [1] - After the sale, Tencent's remaining shares in BOSS Zhipin are approximately 54.9722 million, equating to a 6.57% ownership stake [1]