Core Viewpoint - Tuya Smart-W (02391.HK) announced the resignation of Chai Xiaolang from the position of co-secretary of the company, effective from October 10, 2025, due to his commitment to other work and personal matters [1] Company Summary - Chai Xiaolang will step down from his role as co-secretary of Tuya Smart-W [1] - The resignation is attributed to his need to focus on other work and personal affairs [1]

Core Viewpoint - Tuya Smart-W (02391) announced the resignation of Mr. Chai Xiaolang as co-secretary of the company, effective from October 10, 2025, due to his commitment to other work and personal matters [1] Company Summary - Mr. Chai Xiaolang will step down from his position as co-secretary [1]

Core Points - Tuya Smart-W (02391) announced the resignation of Mr. Chai Xiaolang from his position as co-secretary of the company due to his need to dedicate time to other work and personal matters, effective from October 10, 2025 [1] Company Summary - The resignation of Mr. Chai Xiaolang is a significant change in the company's management structure, which may impact its operational dynamics [1] - The company will need to appoint a new co-secretary to ensure continuity in governance and compliance [1]

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。 於本公告日期，董事會由執行董事王學集先生、陳燎罕先生、楊懿先生及張燕女 士，以及獨立非執行董事黃宣德先生、邱昌恒先生、郭孟雄先生及葉栢東先生 組成。 * 僅供識別 Tuya Inc. 塗鴉智能* （於開曼群島註冊成立以不同投票權控制的有限責任公司） （香港聯交所股份代號：2391） （紐約證券交易所股票代碼：TUYA） 聯席公司秘書辭任 Tuya Inc.（「本公司」）董事會（「董事會」）謹此宣佈，柴曉浪先生（「柴先生」）為投 入時間於其他工作及個人事務而辭任本公司聯席公司秘書職務，自2025年10月10 日起生效。 柴先生已確認彼與董事會及本公司並無意見分歧，且概無有關其辭任之任何事宜 須知會本公司股東或香港聯合交易所有限公司（「香港聯交所」）。董事會對柴先生 任職期間為本集團做出的貢獻表示衷心感謝。 於柴先生辭任後，本公司另一名符合香港聯交所證券上市規則第3.28條項下公司 秘書規定的聯席公司秘書鄧 ...

Core Insights - Aqara has transitioned from a niche budget smart home brand to a significant player in the smart home market, expanding its product offerings and presence in retail spaces like Apple Stores [4][19] - The company emphasizes interoperability, allowing users to integrate Aqara devices with other brands and platforms, which enhances its appeal for new smart home setups [7][8] Hubs - Aqara's hubs are competitively priced, with the M100 available for $26, and they often come integrated with other smart devices [6] - Newer hubs support Matter and Thread protocols, enabling users to connect legacy devices and expand their smart home systems without being locked into a single brand [7][10] - The flagship Hub M3 is priced at $130 and supports multiple protocols, while the older M2 is more affordable at $39 but lacks Matter capabilities [10][17] Devices - Aqara offers a wide range of devices, including sensors, cameras, doorbells, locks, and lighting solutions, with many options priced under $20 [14] - The Presence Sensor FP2, priced at $83, features advanced radar motion detection, showcasing Aqara's commitment to innovative technology [15] - Aqara's smart locks, such as the U300 and U200, incorporate Matter-over-Thread technology and Apple's Home Key feature, enhancing their functionality and appeal [16] App - The Aqara app remains somewhat complex compared to competitors like Apple Home and Google Home, but it provides comprehensive control over the smart home system [19] - Users can manage their Aqara devices through other platforms due to Matter support, potentially bypassing the Aqara app entirely [19]

Core Insights - The event "The Dialogue on AI & Cyber Governance" is focused on the theme of "The New Reality of Corporate AI Security" [1] - Tuya Smart, a global AI cloud platform service provider, delivered a keynote address titled "Pioneering AI Security: Lessons from the Frontlines" [1] - The company shared insights on the latest developments in AI implementation and analyzed global AI cybersecurity dynamics [1] Company Insights - Tuya Smart is positioned as a leader in AI cloud platform services, showcasing its cutting-edge practices in AI security [1] - The keynote address highlighted the importance of learning from real-world experiences in AI security [1] Industry Insights - The event reflects the growing importance of AI security in corporate governance as the physical AI transformation accelerates [1] - The discussions at the event are indicative of the prevailing global dynamics in AI cybersecurity [1]

FF301 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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 | 2. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | B | | 於香港聯交所上市 (註1) | | 否 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02391 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000 | USD | | 0.00005 | USD | | 10,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 200,000,000 | USD | | 0.00005 | USD | | 10,000 | 本月底法定/註冊股本總額： USD 50,000 第 1 頁 共 10 頁 v 1.1.1 II. ...

Core Viewpoint - Tuya Smart, an AI cloud platform service provider, reported its mid-year financial results for 2025, highlighting significant revenue growth and a shift to profitability [1][6]. Financial Performance - The company's total revenue reached $154.8 million, representing a year-on-year increase of 14.7%, driven by growth in its platform as a service, software as a service, and smart solutions segments [6]. - Tuya Smart achieved a net profit of $23.6 million, a turnaround from a net loss of $400,000 in the same period last year [6]. - The non-GAAP net profit was reported at $39.4 million, marking a 19% increase year-on-year [6]. Dividend Distribution - The company announced a mid-term profit distribution plan, declaring a cash dividend of $0.054 per ordinary share or American Depositary Share (ADS) to shareholders registered by September 11, 2025, totaling approximately $33 million [6]. - CEO Chen Liao Han is expected to receive about $1.449 million from this dividend distribution [6]. Leadership and Compensation - Chen Liao Han, the company's president and co-founder, has a relatively low salary compared to other executives, earning $212,000 in 2023, while co-founder and chairman Wang Xueji received $19.235 million [3][5]. - Chen holds 26.8254 million shares, representing a 5.01% ownership stake in the company, while Wang holds 113.6 million shares, accounting for 19.77% [5].

Financial Performance - Tuya Inc. reported a revenue increase of 9.35% year-over-year, reaching $80.13 million for its fiscal second quarter of 2025, exceeding Wall Street estimates by $1.69 million [1] - The company achieved a 15% year-over-year revenue growth in H1 2025, with a non-GAAP operating profit increase of approximately 127% [2] - The earnings per share (EPS) for the fiscal second quarter was $0.03, aligning with expectations [1] Market Reaction - Following the earnings release, Jefferies analyst Matt Ma raised the price target for Tuya Inc. from $3.49 to $3.6, maintaining a Buy rating on the stock [3] - The analyst's 12-month price target indicates a potential upside of 26.98% from the current stock level [3] Business Model and Strategy - Tuya Inc. operates an AI cloud platform that integrates artificial intelligence with smart devices and commercial applications [4] - The revenue growth in the fiscal second quarter was driven by contributions from all segments, with the PaaS segment being the largest contributor [2]

Core Insights - The article discusses the 11 best penny stocks with the highest upside potential, highlighting a recent rally in small-cap stocks driven by technology and growth companies, particularly in the semiconductor industry [1][2]. Small-Cap Stock Performance - Small-cap stocks have underperformed the market for over a decade but began to outperform in August 2025, with the industrial and financial sectors contributing significantly to gains [2]. - Over the past decade, small caps have only outperformed the market twice, with a notable performance in 2022 where small caps dropped 18.5%, slightly better than the broader market's 19.4% decline [3]. - In the third quarter of 2025, small-cap stocks are up 8%, outperforming large-cap stocks at 7.8% and mid-caps at 3.9%, with the technology sector being the top contributor [4]. Methodology for Stock Selection - The list of the 11 best penny stocks was curated using the Finviz Stock Screener, CNN, and Insider Monkey's Q2 2025 database, focusing on stocks trading below $5 with expected upside of over 25% [6]. - The strategy of imitating top stock picks from hedge funds has shown to outperform the market, with a reported return of 373.4% since May 2014 [6]. Company Highlights - **Tuya Inc. (NYSE:TUYA)**: - Current price is $2.52 with an analyst upside potential of 26.98%. The company reported a 9.35% year-over-year revenue growth to $80.13 million, exceeding Wall Street estimates [8][10]. - Achieved a 15% year-over-year revenue growth in H1 2025, with a non-GAAP operating profit increase of about 127% [9]. - **Clarivate Plc (NYSE:CLVT)**: - Current price is $3.66 with an analyst upside potential of 36.61%. The company is focusing on growing subscription revenue, aiming for 90% of its revenue to come from subscriptions by 2026 [11][12]. - EBITDA margins are expected to shrink to 41% this year due to asset disposals, with plans to streamline its portfolio by reviewing non-core assets by February 2026 [13].