（於開曼群島註冊成立的有限公司） 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。 （股份代號：1209） 重續於二零二六年開始的持續關連交易及 重續經修訂二零二三年華潤置地商業運營服務框架協議項下年度上限 重續於二零二六年開始的持續關連交易 茲提述本公司就二零二三年持續關連交易協議刊發的公告，以及本公司就若干 將於二零二五年底屆滿的關連交易框架協議刊發的公告。本公司擬重續若干將 屆滿的關連交易框架協議，並已訂立二零二六年持續關連交易協議以重續相關 框架協議及設定各自的年度上限。 重續經修訂二零二三年華潤置地商業運營服務協議項下年度上限 此外，經修訂二零二三年華潤置地商業運營服務框架協議先前獲批的年度上限 為截至二零二五年十二月三十一日止三個年度。就此而言，經修訂二零二三年 華潤置地商業運營服務框架協議截至二零二八年十二月三十一日止三個年度的 經重續年度上限須待獨立股東批准。 上市規則涵義 於本公告日期，(1)本公司由華潤置地持有約72.29%；(2)華 ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：1209） 持續關連交易－ 修訂二零二三年華潤置地物業租賃框架協議的年度上限 修訂二零二三年華潤置地物業租賃框架協議的年度上限 茲提述二零二二年公告，其中涉及本公司與華潤置地訂立的二零二三年華潤置 地物業租賃框架協議，據此，於二零二三年一月一日至二零二五年十二月三十 一日期間，(1)本集團可不時向華潤置地關連人士租賃若干物業作為辦公室及╱ 或員工宿舍供自身使用，或作為經營租賃用於經營目的；(2)華潤置地關連人士 可不時向本集團租賃若干物業作為辦公室供自身使用；及(3)華潤置地關連人士 可作為租戶以商業分租模式不時租賃本集團管理的若干零售空間。 董事會預計截至二零二五年十二月三十一日止財政年度的原有年度上限將不足 以滿足本集團的業務需求。因此，於二零二五年十月二十九日，董事會建議根 據上市規則第14A章的規定修訂原有年度上限。 上市規則的涵義 於本公告日期，本公 ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：1209） 補充公告 (1)有關建議收購事項的關連交易 及 (2)有關二零二五年會員運營與營銷業務框架協議的持續性關連交易 茲提述本公司日期為二零二五年六月三十日的公告，內容有關建議收購事項及二 零二五年會員運營與營銷業務框架協議（「該公告」）。除另有界定者外，本公告所 用詞彙與該公告所界定者具有相同涵義。 本公司謹此就建議收購事項及二零二五年會員運營與營銷業務框架協議向本公司 股東及潛在投資者提供以下進一步資料。 (1) 有關建議收購事項的關連交易 代價基準 建議收購事項為整體交易，總代價系參考以下因素釐定： (a) 華潤網絡深圳及華網數據科技廣州的掛牌價格 華 潤 網 絡 深 圳 及 華 網 數 據 科 技 廣 州 所 運 營 的 華 潤 通 平 台 是 具 有 核 心 價 值 的 戰 略 ...

Core Viewpoint - UBS upgraded the rating of China Resources Mixc Lifestyle (01209) to "Buy" due to the company's superior ability to discover emerging brands compared to its peers, particularly in the context of the rise of domestic brands and the differentiation in brand performance [1] Group 1: Company Performance - The company is expected to benefit from signs of recovery in the domestic luxury retail market, which will support rental growth in existing malls [1] - The forecast for the company's earnings visibility from 2025 to 2027 is optimistic, with an expected annual compound growth rate of 15% [1] Group 2: Financial Metrics - The target price for the company has been raised from HKD 38 to HKD 48, reflecting the company's dividend payout ratio of 100%, including special dividends [1]

Group 1 - UBS upgraded the rating of China Resources Mixc Lifestyle (01209) to "Buy" due to the company's superior ability to discover emerging brands compared to peers [1] - The recovery signs in the domestic luxury retail market, along with a decrease in mall supply from 2026 to 2027, are expected to benefit existing malls' rental growth [1] - These factors are anticipated to enhance the company's earnings visibility from 2025 to 2027, with an expected annual compound growth rate of 15% [1] Group 2 - The company's dividend payout ratio is at 100%, including special dividends, leading to an increase in the target price from HKD 38 to HKD 48 [1]

Core Viewpoint - UBS reports signs of recovery in luxury goods and jewelry sales in mainland China and Hong Kong, driven by wealth effects from the stock market and rising gold prices [1] Mainland Retail Sector - The proportion of emerging brands in CR Land's shopping malls is high, including brands like Lao Pu Gold and Pop Mart, allowing the group to adapt quickly to changing consumer habits, giving it a competitive edge over Hong Kong developers [1] - UBS is optimistic about CR Land, CR Vientiane Life, Swire Properties, and Hang Lung Properties, upgrading CR Vientiane Life's rating from "Neutral" to "Buy" [1] - Lao Pu Gold's rating is also upgraded to "Buy" due to valuation pressure and potential product price increases in the last quarter, which may support short-term sales and gross margins [1] Hong Kong Retail Sector - The luxury retail sector in Hong Kong is benefiting from strong stock market performance, which may positively impact Wharf Real Estate [1] - UBS believes that Wharf Real Estate may benefit from the short-term recovery in luxury retail, while Link REIT could be affected by the increasing penetration of e-commerce, receiving "Neutral" and "Buy" ratings respectively [1]

Core Viewpoint - UBS upgraded the rating of China Resources Vientiane Life to "Buy" due to the company's superior ability to discover emerging brands compared to its peers, particularly in the context of the rise of domestic brands and the differentiation in brand performance [1] Group 1: Market Conditions - There are signs of recovery in the domestic luxury goods retail sector, which is expected to benefit existing shopping malls [1] - A reduction in shopping mall supply is anticipated from 2026 to 2027, which will support rental growth for existing malls [1] Group 2: Financial Projections - The aforementioned factors are expected to enhance the company's earnings visibility from 2025 to 2027, with an estimated annual compound growth rate of 15% [1] - The target price for the company has been raised from HKD 38 to HKD 48, based on a dividend payout ratio of 100%, including special dividends [1]

每经AI快讯，华润万象生活(01209.HK)现涨超3%，截至发稿，涨3.42%，报41.72港元，成交额1.64亿港 元。 ...

Core Viewpoint - China Resources Vientiane Life (01209) has seen a stock price increase of over 3%, attributed to winning a significant commercial operation bid in Chengdu, indicating strong operational performance and growth potential in the retail sector [1] Group 1: Company Performance - As of October 13, China Resources Vientiane Life's stock rose by 3.42%, reaching HKD 41.72, with a trading volume of HKD 164 million [1] - The company has secured the top candidate position in the Chengdu Tianfu Art Park commercial operation tender through its subsidiary, Runxin Commercial Investment (Shenzhen) Co., Ltd. [1] - By June 2025, the company is expected to operate 125 shopping centers nationwide, managing a total area of 13.56 million square meters, with an increasing proportion of light-asset projects signed this year [1] Group 2: Market Insights - Morgan Stanley's report indicates that China Resources Vientiane Life's mall operations have consistently exceeded expectations, with a low double-digit same-store sales growth during the Golden Week, contributing to an overall retail sales increase of over 25% year-on-year [1] - The growth is partly attributed to the overlap of the National Day and Mid-Autumn Festival holidays, but the company's performance outpaces its peers due to the expanding market share of Vientiane City [1] - Year-to-date, the same-store sales growth is reported at a low double-digit percentage, with overall retail sales growth between 20% and 25% for the first nine months of the year, supporting the positive outlook [1] - The firm anticipates that the same-store sales growth will exceed management's expectations, reaching 10%, which enhances the visibility of achieving a 15% increase in earnings per share for the year [1]

Core Viewpoint - China Resources Vientiane Life (01209) has shown strong performance in its commercial operations, with significant growth in retail sales and successful project bids, indicating a positive outlook for the company [1] Group 1: Company Performance - As of October 13, China Resources Vientiane Life's stock rose by 3.42%, reaching HKD 41.72, with a trading volume of HKD 164 million [1] - The company has been awarded the first successful bidder for the Chengdu Tianfu Art Park cultural and creative business operation tender, enhancing its market presence [1] - By June 2025, the company is expected to operate 125 shopping centers nationwide, managing a total area of 13.56 million square meters, with an increasing proportion of light-asset projects [1] Group 2: Sales Growth - Morgan Stanley reported that China Resources Vientiane Life's mall operations have exceeded expectations, with a low double-digit year-on-year same-store sales growth during the Golden Week, contributing to an overall retail sales increase of over 25% year-on-year [1] - The growth is attributed to the advantageous market share of Vientiane City, with same-store sales growth for the year-to-date showing low double-digit increases and overall retail sales growth of 20% to 25% in the first nine months [1] - The firm anticipates that the company's same-store sales growth will surpass management's expectations, reaching 10%, which could lead to a 15% increase in earnings per share for the year [1]