Group 1 - The Hong Kong government has announced an increase in the stamp duty rate for residential properties valued over HKD 100 million to 6.5%, which is expected to negatively impact companies like Wharf Real Estate, Hang Lung Properties, Cheung Kong, Henderson Land, and Sun Hung Kai Properties [1] - Morgan Stanley estimates that such properties will account for 0.3% of total transaction volume but 8% of total transaction value by 2025 [1] - The commercial land market will not see any new commercial land sales for the second consecutive year, which is expected to support the office and retail property markets through improved supply-demand dynamics [1] Group 2 - The government has attracted 270,000 talents to Hong Kong, with over 100,000 coming through the high-end talent pass scheme, creating additional housing demand [1] - The government is seeking to include Real Estate Investment Trusts (REITs) in the mutual market access scheme and is introducing amendments to facilitate the privatization or restructuring of REITs, which could positively impact Link REIT [1] - Overall, Morgan Stanley maintains a constructive view on the recovery of Hong Kong property prices, forecasting a 10% increase this year, with no tightening measures expected [1] Group 3 - Hong Kong property stocks have risen approximately 20% to 50% year-to-date, indicating that some upside potential has already been absorbed [1] - The upcoming earnings season may bring volatility due to declining profit margins and weak earnings outlook for 2026 [1]

Group 1 - Morgan Stanley's report indicates that the Hong Kong government's new budget will raise the stamp duty rate on residential properties valued over HKD 100 million to 6.5% [1] - The bank estimates that such properties will account for 0.3% of total transaction volume but 8% of total transaction value by 2025, predicting a negative impact on companies like Wharf Holdings [1] - Other companies exposed to similar property risks include Hang Lung Properties, Cheung Kong, Henderson Land, and Sun Hung Kai Properties [1] Group 2 - For commercial land, there will be no new commercial land sales for the second consecutive year, which is expected to support the office and retail property markets through improved supply-demand conditions [1] - Talent programs have attracted 270,000 people to Hong Kong, with over 100,000 coming through the high-skilled talent visa program, creating additional housing demand [1] Group 3 - The government is seeking to include Real Estate Investment Trusts (REITs) in the mutual market access scheme and introduce amendments to facilitate the privatization or restructuring of REITs, potentially exempting stamp duty for REITs transferring non-residential properties [1] - This move is seen as a positive factor for Link REIT [1] Group 4 - Overall, Morgan Stanley maintains a constructive view on the recovery of Hong Kong property prices, expecting a 10% increase this year, with no tightening measures anticipated within the year [1] - Hong Kong property stocks have risen approximately 20% to 50% year-to-date, indicating that some upside potential has already been absorbed [1] - The upcoming earnings season may bring volatility due to declining profit margins and weak earnings outlook for 2026 [1]

| 截至月份: | 2026年1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: | 九龍倉集團有限公司 | | | 呈交日期: | 2026年2月5日 | | | I. 法定/註冊股本變動 | 不適用 | | 第 1 頁 共 10 頁 v 1.2.0 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 FF301 FF301 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下方） | | 未符合適用的公眾持股量要求（見下方） | | 根據《主板上市規則》第13.32B條或第19A.28B條 / 《GEM上市規則》第17.37B條或第25.21B條（視情況而定）所載的有關股份類別的最低公眾持股量要求為： | | 適用的公眾持股量門檻 初始指定門檻 - 上市股份所屬類 ...

Core Viewpoint - *ST Guohua announced a strategic cooperation framework agreement with Shandong Postal Engineering Co., Ltd. for urban information construction, effective for three years [1] Group 1: Agreement Details - The agreement was signed in January 2023 and focuses on new urban information construction [1] - The cooperation has led to active communication and some business collaborations between the two parties [1] - The agreement automatically terminated upon reaching its expiration date, as disclosed in the announcement [1] Group 2: Internal Procedures - The business contracts resulting from the cooperation are classified as daily operational contracts [1] - *ST Guohua has followed its internal management procedures for the approval of related contracts, without needing board or shareholder approval [1]

Group 1 - The core point of the article is that Jingji Zhino (000048.SZ) reported its pig sales for December 2025, indicating a total sale of 201,600 pigs, including 14,900 piglets, generating a revenue of 299 million yuan, with an average selling price of 12.21 yuan/kg [1] - For the entire year of 2025, the company sold a total of 2,312,900 pigs, which includes 324,200 piglets, resulting in a cumulative revenue of 3.763 billion yuan [1]

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12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: | 九龍倉集團有限公司 | | | 呈交日期: | 2026年1月6日 | | | I. 法定/註冊股本變動 不適用 | | | 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 | 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) | 00004 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 3,056,027,327 | | 0 | | 3,056,027,327 | | 增加 / 減少 (-) | | | 0 | ...

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: | 九龍倉集團有限公司 | | | 呈交日期: | 2025年12月3日 | | | I. 法定/註冊股本變動 不適用 | | | 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 | 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) | 00004 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 3,056,027,327 | | 0 | | 3,056,027,327 | | 增加 / 減少 (-) | | | 0 ...

Core Viewpoint - *ST Guohua announced that its subsidiary, Shenzhen Guoke Zhijian Pharmaceutical Co., Ltd., has signed a capital increase agreement with Zhongshan Runle Pharmaceutical Co., Ltd., indicating a strategic investment to enhance its stake in the pharmaceutical sector [1] Group 1 - The company plans to invest 1.04 million yuan in Runle Pharmaceutical [1] - After the capital increase, Guoke Zhijian will hold 50.9804% equity in Runle Pharmaceutical [1] - Runle Pharmaceutical will be included in the company's consolidated financial statements following the completion of the investment [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。 聯合公 告 持 續 關 連 交 易 － 酒 店 服 務 九龍倉置業集團在香港和中國內地擁有多個酒店物業及／或項目。九龍倉集團為 酒店組合（其中包括九龍倉置業集團所擁有的若干酒店物業及／或項目）提供酒 店相關服務並擔當經理。 九龍倉與九龍倉置業於二○二五年十一月二十八日訂立了新概括酒店服務協議， 旨在（其中包括）規管涉及由九龍倉集團成員公司向九龍倉置業集團成員公司提 供酒店相關服務的各項持續關連交易，協議有三年固定有效期，由二○二六年一 月一日起至二○二八年十二月三十一日屆滿。 由於九龍倉是 WAC 的附屬公司，而九龍倉置業則由 WAC 擁有超過 30% 股權，故 九龍倉和九龍倉置業根據《上市規則》被視為彼此之關連人士。因此，新概括酒 店服務協議及據此進行及／或受其規管的相關交易根據《上市規則》構成九龍倉 和九龍倉置業各自的持續關連交易。新概括酒店服務協議之訂立及相應採納之各 全年上限金額，對九龍倉和九龍 ...

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。 聯合公 告 持 續 關 連 交 易 － 物 業 服 務 九龍倉集團、九龍倉置業集團和海港企業集團在香港、中國內地和新加坡擁有或 持有多項物業作發展及／或投資用途。九龍倉集團、九龍倉置業集團和海港企業 集團各自不時在其日常業務中向其它 WAC 集團成員公司提供或僱用物業服務。 WAC、九龍倉、九龍倉置業與海港企業於二○二五年十一月二十八日訂立了新概 括物業服務協議，旨在（其中包括）規管涉及 WAC 集團成員公司之間提供或僱用 物業服務的各項持續關連交易，協議有三年固定有效期，由二○二六年一月一日 起至二○二八年十二月三十一日屆滿。 九龍倉、九龍倉置業及海港企業 － 聯合公告 (二○二五年十一月二十八日) - 1 - 九龍倉是 WAC 的附屬公司，而九龍倉置業則由 WAC 擁有超過 30% 股權。就九 龍倉而言，WAC 集團（不包括九龍倉集團）及其聯繫人（其中包括九龍倉置業集 團、海港企業集團和會德豐地產集 ...