Group 1 - Cathay Pacific announced a 30% increase in passenger capacity for August 2025 compared to August 2024, with available seat kilometers increasing by 32% year-on-year [1] - In the first eight months of 2025, passenger volume increased by 28% compared to the same period in 2024 [1] - Cathay Cargo reported a 13% increase in cargo volume for August 2025 compared to August 2024, with available cargo ton kilometers increasing by 15% year-on-year [1] Group 2 - In the first eight months of 2025, cargo volume increased by 11% compared to the same period last year [1] - Hong Kong Express saw a 36% increase in passenger numbers and a 41% increase in available seat kilometers for August 2025 compared to August 2024 [1] - In the first eight months of 2025, passenger volume for Hong Kong Express increased by 32% compared to the same period in 2024 [1]

本公告載列的資料乃在內部管理記錄的基礎上編制，未經外聘核數師審核或審閱。 投資者在買賣公司股票時務必審慎行事。 於本公告所載日期，公司的在任董事如下： 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的內容概不負責，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的任何損失承擔任何責任。 CATHAY PACIFIC AIRWAYS LIMITED 國泰航空有限公司 (於香港註冊成立的有限公司) (股份代號：293) 二零二五年八月份客、貨運量數據 附上的新聞稿載列國泰航空有限公司（「公司」，連同其附屬公司，統稱「國泰集 團」或「集團」）的二零二五年八月份客、貨運量數據。新聞稿載列的資料可能為 股價敏感資料。因此，本公告附上新聞稿乃按《證券及期貨條例》第 XIVA 部發 出。新聞稿載列的資料乃在內部管理記錄的基礎上編制，未經外聘核數師審核或審 閱。 本公告乃公司根據《證券及期貨條例》第 XIVA 部發出。 暑期出行高峰期間日均客量突破 11 萬人次 國泰集團今天公布 2025 年 8 月份客、貨運量資料。 國泰顧客及商務總裁劉凱詩表示：「 ...

Group 1 - Cathay Pacific announced the resumption of direct flights between Hong Kong and Seattle starting March 30, 2026, enhancing Hong Kong's international aviation network [1][3] - The flights will operate using Airbus A350-900 aircraft, featuring business class, premium economy, and economy class [3] - Cathay Pacific plans to increase its North American flight capacity, with the Dallas route expanding from four weekly flights to daily flights starting October 26, 2025 [3] Group 2 - By summer 2026, Cathay Pacific will offer over 110 round-trip flights to North America each week [3]

Economic Indicators - Australia's economic activity shows signs of significant slowdown, with the S&P Global PMI Composite dropping to 52.1 from 55.5 in August, indicating a deceleration in both manufacturing and services sectors [2][7] - The Manufacturing PMI fell to 51.6 from 53.0, while the Services PMI declined to 52.0 from 55.8, suggesting potential impacts on future growth forecasts [2][7] Company Developments - BP has halted plans to build a dedicated biofuels plant in Rotterdam due to weak demand, redirecting capital towards more profitable oil and gas ventures, abandoning a target of producing 100,000 barrels per day of biofuels by the end of the decade [3][7] - Amplitude Energy is launching a fully underwritten equity raising of A$150 million at a fixed price of A$0.24 per share to support operations and growth initiatives in the Southeast Australian energy sector [6][7] Regulatory Actions - ASIC has initiated new court proceedings against RACQ Insurance Limited for sending over 570,000 misleading insurance renewal documents, alleging that the presented premium amounts were often inflated compared to actual payments [4][7] Pension Fund Changes - The UK government plans to abolish the administration levy charged by the Pension Protection Fund, expected to save £45 million for around 5,000 defined benefit pension schemes [5][7]

Group 1: Airline Industry - Cathay Pacific will resume direct flights to Seattle starting March 30, 2026, marking it as the ninth passenger destination in North America [1] - By summer 2026, Cathay Pacific plans to offer over 110 round-trip flights to North America, including destinations like Boston, Chicago, Dallas, Los Angeles, New York, San Francisco, Seattle, Toronto, and Vancouver [1] Group 2: Space Industry - Elon Musk stated that SpaceX could potentially launch 95% of the world's total payload into orbit next year, with a projected 98% by 2027 [2] - In the second quarter, SpaceX reportedly launched 88.5% of satellites, holding an 86% share of the global payload by weight [2] Group 3: E-commerce - Taobao will launch its Double 11 shopping festival simultaneously in 20 countries, with a marketing budget of 1 billion yuan to help 100,000 merchants double their overseas sales [3] - Douyin e-commerce reported a 49% year-on-year growth in GMV for its shelf platform, with over 511 million new e-commerce authors and 536 million new merchants earning income through the platform [4] Group 4: Telecommunications - VodafoneThree has selected Ericsson and Nokia to sign a network contract worth £2 billion (approximately $26.9 billion) for network technology across the UK [6] Group 5: Financial Services - JD Industrials has received approval from the China Securities Regulatory Commission for its Hong Kong IPO, planning to issue up to 253,309,800 ordinary shares [7] - The Financial Regulatory Bureau reported that it has established a mechanism to support small and micro enterprises, issuing loans totaling 22 trillion yuan, with 9.4 trillion yuan covered under the no-repayment renewal policy [11] Group 6: Investment and Mergers - Pfizer is nearing a deal to acquire weight-loss drug developer Metsera for $7.3 billion, with a cash offer of $47.50 per share and additional performance-based payments [9]

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8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: Cathay Pacific Airways Limited 國泰航空有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 不適用 備註： 自新《公司條例》(香港法例第622章) 於2014年3月3日實施後，Cathay Pacific Airways Limited 國泰航空有限公司 (於香港註册成立的公司) 不再有法定股本及股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 (B). 承諾發行發行人股份的權證 不適用 | 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 | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

此乃重要通函 請即處理 閣下如對本通函任何方面或對所要採取的行動有任何疑問，應諮詢持牌證券商、銀行經理、律師、 專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有國泰航空有限公司股份，應立即將本通函送交買主或承讓人，或送交 經手買賣或轉讓的銀行、持牌證券商或其他代理商，以便轉交買主或承讓人。 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通函的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本通函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。 CATHAY PACIFIC AIRWAYS LIMITED 國泰航空有限公司 （於香港註冊成立的有限公司） （股份代號：293） 主要交易 購買十四架波音777-9型飛機 董事局函件載於本通函第9至第13頁。 公司已接獲一批有密切聯繫的股東對交易作出的書面批准，該批股東為太古公司及國航，兩者合共 擁有公司超過50%的投票權。此書面批准根據上市規則第14.44條可被接納為代替股東大會上的大多 數票。本通函寄發予股東，僅供其參考之用。 二零二五年八月二十七日 釋 義 於本通函內，除文義另有所指外，下列詞彙具備以下 ...

Group 1 - Cathay Pacific's passenger volume in July 2025 increased by 24% compared to the same month in 2024 [1] - Available seat kilometers increased by 30% year-on-year in July 2025 [1] - For the first seven months of 2025, passenger volume increased by 27% compared to the same period in 2024 [1] Group 2 - Cathay Pacific's cargo volume in July 2025 increased by 11% compared to July 2024 [1] - Available cargo ton kilometers also increased by 11% year-on-year [1] - For the first seven months of 2025, cargo volume increased by 11% compared to the same period last year [1] Group 3 - Hong Kong Express carried over 680,000 passengers in July 2025, representing a 22% increase compared to July 2024 [1] - Available seat kilometers for Hong Kong Express increased by 38% year-on-year [1] - For the first seven months of 2025, passenger volume increased by 32% compared to the same period in 2024 [1]

Group 1 - Cathay Pacific's passenger capacity in July 2025 is expected to increase by 24% compared to July 2024 [1] - Available seat kilometers are projected to rise by 30% year-on-year [1] - For the first seven months of 2025, passenger capacity is anticipated to grow by 27% compared to the same period in 2024 [1] Group 2 - Cathay Pacific's cargo volume in July 2025 is expected to increase by 11% compared to July 2024 [1] - Available cargo ton kilometers are also projected to rise by 11% year-on-year [1] - For the first seven months of 2025, cargo volume is anticipated to grow by 11% compared to the same period last year [1] Group 3 - Hong Kong Express recorded over 680,000 passengers in July 2025, with a 22% increase in passenger capacity compared to July 2024 [1] - Available seat kilometers for Hong Kong Express increased by 38% year-on-year [1] - For the first seven months of 2025, passenger capacity is expected to rise by 32% compared to the same period in 2024 [1]

Core Viewpoint - The article emphasizes the importance of value investing, highlighting companies that are undervalued by the market and using metrics like P/E and P/B ratios to identify strong investment opportunities [2][4][5]. Group 1: Cathay Pacific Airways (CPCAY) - Cathay Pacific Airways currently has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential for value investors [4]. - The stock has a P/E ratio of 8.18, significantly lower than the industry average of 12.45, suggesting it may be undervalued [4]. - Over the past 12 months, CPCAY's Forward P/E has fluctuated between 5.56 and 9.84, with a median of 7.77, further indicating its valuation dynamics [4]. - CPCAY's P/B ratio stands at 1.37, compared to the industry average of 3.76, reinforcing its attractiveness as a value stock [5]. - The P/B ratio has ranged from 0.82 to 1.51 over the past year, with a median of 1.21, showcasing its relative valuation stability [5]. Group 2: Japan Airlines (JAPSY) - Japan Airlines is rated as a Zacks Rank 1 (Strong Buy) stock with an A Value Score, making it another appealing option for value investors [6]. - The P/B ratio for Japan Airlines is 1.40, which is also lower than the industry average of 3.76, indicating potential undervaluation [6]. - Over the past year, JAPSY's P/B ratio has varied between 1.01 and 1.41, with a median of 1.15, reflecting its valuation trends [6]. Group 3: Overall Value Assessment - Both Cathay Pacific Airways and Japan Airlines exhibit strong value characteristics, suggesting they are currently undervalued in the market [7]. - The combination of low P/E and P/B ratios, along with positive earnings outlooks, positions these stocks as impressive value opportunities [7].