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，概不對因本公告全部或任何部分內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA LITERATURE LIMITED 閱 文 集 團 （於開曼群島註冊成立的有限公司） （股份代號：772） 重續現有持續關連交易及訂立新持續關連交易 I. 重續現有持續關連交易 於二零二五年十二月四日，上海閱霆（代表本集團）與騰訊計算機（代表餘下騰訊集團） 協定重續二零二三年小說定制及徵文合作框架協議，訂立二零二六年小說定制及徵 文合作框架協議，內容有關（其中包括）於小說定制及小說徵文比賽舉辦方面進行合作。 II. 訂立新持續關連交易 於二零二五年十二月四日，上海閱霆（代表本集團）與藝畫開天（代表藝畫開天集團） 訂立(i)與藝畫開天的二零二六年版權及衍生品合作框架協議，其內容有關與藝畫開 天的版權及衍生品合作持續關連交易，及(ii)與藝畫開天的二零二六年聯合投資框架 協議，其內容有關聯合投資傳媒產品。 上市規則的涵義 截至本公告日期，騰訊為控股股東，而騰訊計算機為騰訊的全資附屬公司。因此， ...

CHINA LITERATURE LIMITED 閱 文 集 團 （於開曼群島註冊成立的有限公司） 閱文集团（「本公司」）根據本公司董事會（「董事會」）於二零一七年十月十八日通過的決議案 成立提名委員會（「委員會」）。委員會的職權範圍（「職權範圍」）載列如下，已於二零二五年 十二月四日獲修訂生效。 2. 組成 1 1. 目的 1.1 委員會的目的是物色、考慮適當候選人擔任本公司董事，並向董事會作出推薦建 議，監察評估董事會表現的程序，以及制訂提名指引及向董事會作出推薦建議， 有關指引須與任何適用法律、法規及上市準則一致。 2.1 委員會不時由董事會委任，並由過半數不時符合香港聯合交易所有限公司證券上 市規則（「上市規則」）（經不時修訂）訂明的獨立性規定的獨立非執行董事組成。 2.2 董事會須委任一名委員會成員擔任主席（「主席」），主席可為董事會主席或獨立非 執行董事。 2.3 委員會中至少有一名不同性別的成員。 3. 會議 2 3.1 除本文另有所指外，本公司的組織章程細則（「細則」）所載有關規管董事會議及程 序的條文（經不時修訂）適用於委員會會議及程序。 3.2 委員會成員可親身或透過其他電子通訊方式或成員 ...

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11月30日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 閱文集團 | | | | | | 呈交日期: | 2025年12月2日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 00772 | 說明 | | | | II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00772 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | ...

| [編纂]的[編纂]數目 : [編纂]股股份(視乎[編纂] | | --- | | 行使與否而定) | | : [编纂]股股份(可予重新分配) [编纂]數目 | | [編纂]數目 : [編纂]股股份(可予重新分配及 | | 視乎[編纂]行使與否而定) | | 最高[編纂] : 每股[編纂]港元,另加1.0%經紀佣金、 | | 0.0027％證監會交易徵費、0.00565% | | 聯交所交易費及0.00015%會財局交易 | | 徵費(須於[編纂]時以港元繳足,多繳 | | 款項可予提還) | | 面值 : 每股股份0.00001美元 | | [编纂] : [编纂] | | September 1999 1999 Property Comments of the comments of and the same of the may be | 瑞财经 吴文婷11月24日，明宇制药有限公司（以下简称"明宇制药"）在港交所递交招股书，联席保荐人包括摩根士丹利、美银证券和中信证券。 明宇制药是一家于2018年成立的接近商业化的生物技术创新企业。 公司具有双重增长引擎，包括基于专有抗体偶联药物(ADC)平台及一款新 ...

Core Viewpoint - Recently, at the Yangtze River Delta International Cultural Industry Expo, the company showcased its "IP full industry chain development" strategy, highlighting its ability to create and monetize content effectively [1] Company Summary - The company's stock price increased by over 4%, currently trading at 38.06 HKD with a transaction volume of 249 million HKD [1] - The company presented popular IPs such as "Qing Yu Nian," "Quan Zhi Gao Shou," and "Gui Mi Zhi Zhu," demonstrating a complete ecosystem from content creation to commercial realization [1] - A list of the top ten popular characters, voted by 30 million participants, was unveiled, featuring both classic and emerging works [1] - The company has established a comprehensive development system covering film, animation, games, audio, and derivative products, continuously releasing the commercial value of its IPs [1] Industry Summary - The AI comic drama sector has been experiencing rapid growth, with a projected market size exceeding 20 billion RMB this year [1] - According to Citic Securities, from April to July 2025, the supply, viewership, and likes for comic dramas are expected to grow at compound monthly growth rates of 83%, 92%, and 105% respectively [1] - In the past six months, 3,000 new works have been launched, representing a 603% increase compared to the previous period [1] - Following the company's announcement to fully engage in the comic drama ecosystem, major platforms like iQIYI, Douyin, Kuaishou, and Bilibili have introduced new support plans for comic dramas, highlighting the industry's high prosperity and investment opportunities [1]

Core Viewpoint - The article highlights the strong performance of Yu Wen Group (00772) in the stock market, driven by its comprehensive IP development strategy showcased at the recent Yangtze River Delta International Cultural Industry Expo [1] Company Summary - Yu Wen Group's stock rose over 4%, currently trading at 38.06 HKD with a transaction volume of 249 million HKD [1] - At the expo, Yu Wen Group emphasized its "full IP industry chain development," presenting popular IPs such as "Qing Yu Nian," "Quan Zhi Gao Shou," and "Gui Mi Zhi Zhu" [1] - The company revealed a "Top Ten Popular Characters" list, voted by 30 million participants, featuring both classic and emerging works, showcasing its extensive content library [1] - Yu Wen has established a comprehensive development system covering film, animation, games, audio, and derivative products, continuously unlocking the commercial value of its IPs [1] Industry Summary - The AI comic drama sector has seen significant growth this year, with a projected market size exceeding 20 billion RMB [1] - According to Citic Securities, from April to July 2025, the supply, viewership, and likes for comic dramas are expected to grow at compound monthly growth rates of 83%, 92%, and 105%, respectively [1] - In the past six months, 3,000 new works have been launched, marking a 603% increase compared to the previous period [1] - Following Yu Wen Group's announcement to fully engage in the comic drama ecosystem, major platforms like iQIYI, Douyin, Kuaishou, and Bilibili have introduced new support plans for comic dramas, further highlighting the industry's high potential and investment opportunities [1]

Core Insights - The article discusses the booming demand for talent in the short drama and animation industry, highlighting key recruitment trends and salary structures [3][9][19]. Group 1: Recruitment Trends - Major companies such as ByteDance, NetEase, and other leading internet firms are actively hiring for positions related to short dramas, with ByteDance offering the most diverse roles [3][4]. - The majority of job postings focus on content production roles, which account for over 70% of the total positions, indicating a significant demand for creative talent in the industry [9][10]. - AI-related positions are increasingly in demand, with over 23% of job postings related to AI short dramas and dynamic animations [9][10]. Group 2: Salary Structures - Salaries for short drama positions in first-tier and new first-tier cities typically range from 10K to 15K per month, with top roles offering up to 55K per month plus bonuses [19][21]. - Mid-sized companies in second and third-tier cities offer lower salaries, generally between 6K and 8K for similar roles [21]. Group 3: Geographic Distribution - Hangzhou is identified as the leading city for short drama production, hosting 189 related companies and a high demand for roles such as animation designers and storyboard artists [23][24]. - Other cities like Zhengzhou and Chongqing serve as secondary production bases, focusing on foundational creative tasks [25]. - Major cities like Guangzhou, Shenzhen, and Beijing are central to the commercialization of short dramas, with a high concentration of roles in advertising and user growth [26]. Group 4: Skills and Qualifications - The industry shows a preference for candidates with less than three years of experience, with nearly 80% of positions targeting this demographic [14][16]. - A significant portion of job postings (nearly 50%) only requires an associate degree, reflecting a trend that prioritizes skills over formal education [16][18]. - The demand for AI skills is becoming essential, with many roles requiring familiarity with AI tools and techniques [30]. Group 5: Future Competencies - The article emphasizes that by 2025, talent in the short drama industry will need to possess a combination of technical skills and commercial acumen, particularly in IP commercialization [29][31]. - Companies are encouraged to develop a robust talent cultivation system to remain competitive in the evolving landscape of the short drama sector [31].

Group 1 - The core viewpoint of the articles highlights the significant growth and commercialization potential of IP (Intellectual Property) in the cultural industry, particularly through the efforts of companies like Yuewen Group [2][3] - Yuewen Group showcased major IPs such as "Qing Yu Nian," "Quan Zhi Gao Shou," and "Gui Mi Zhi Zhu" at the recent Yangtze River Delta International Cultural Industry Expo, emphasizing its comprehensive development system across various fields including film, animation, games, and merchandise [2] - In 2025, Yuewen's IP continued to perform strongly with multiple successful series, including "Da Feng Da Geng Ren," "Guo Se Fang Hua," and "Fan Ren Xiu Xian Zhuan," achieving both high popularity and critical acclaim [2] Group 2 - The company has launched the "Global Trendy Toy Co-Creation Plan" to accelerate the commercialization of its IP, inviting top artists to enhance IP visualization [2] - In the first half of 2025, the gross merchandise value (GMV) of Yuewen's derivatives surged to 480 million yuan, nearing the total for the entire year of 2024 [2] - Yuewen's WebNovel platform has become a significant source of Chinese cultural products for international markets, with over 10,000 translated works and 500,000 overseas original authors contributing to a dual-directional creative ecosystem [3] Group 3 - Yuewen has successfully exported 1,800 comics, around 80 animations, and over 100 films to international markets, with several works consistently ranking on overseas video platforms [3] - The adaptation of the popular web novel "Gui Mi Zhi Zhu" into an animated series is set to premiere in over 190 countries and regions in the second half of 2025, achieving an IMDb score of 9.3, marking a new benchmark for Chinese IP exports [3]

Core Insights - The article highlights the significant role of IP (Intellectual Property) in the digital cultural ecosystem, showcasing the achievements of the reading and content creation industry, particularly through the lens of the recent cultural expo in the Yangtze River Delta [1][2]. Group 1: IP Development and Cultural Value - The article emphasizes the importance of online literature as a driving force for the digital cultural industry, showcasing the "Top Ten Popular Characters" list voted by 30 million participants, which includes both classic and contemporary works [2]. - The company has been systematically nurturing the development of diverse literary genres, particularly in realistic themes, which have become one of the fastest-growing categories on the platform [2]. Group 2: IP Ecosystem and Commercialization - The company has established a comprehensive IP development system that spans various fields, including film, animation, games, and merchandise, leading to a significant release of IP value [3]. - The CEO announced an upgrade to the "Creative Partner Program," expanding into new formats like short dramas and animated dramas, with impressive viewership statistics [3]. Group 3: Consumer Engagement and Market Growth - The article notes that IP is becoming a new growth driver for consumer engagement, with significant sales in derivative products, achieving a GMV of 480 million yuan in the first half of 2025 [4]. - The "IP + Consumption" model is highlighted as a key innovation for enhancing both cultural and commercial value [4]. Group 4: Global Expansion and Co-Creation - The company is positioned as a leader in cultural export, with its platform WebNovel facilitating the translation and distribution of over 10,000 Chinese web novels internationally [5]. - The article mentions successful adaptations of Chinese IP into various media formats, with notable international collaborations and projects that signify a shift from online to integrated offline cultural experiences [6].

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 第 1 頁 共 10 頁 v 1.1.1 FF301 | 截至月份: | 2025年10月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 閱文集團 | | | | | | 呈交日期: | 2025年11月4日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 00772 | 說明 | | | | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | 10,000,000,000 | USD | 0.0001 | USD | 1,000,000 | | 增加 / 減少 (-) | 0 | | | USD | 0 | | 本 ...