

Group 1 - Kuaishou-W (01024) saw a significant stock price increase, with a peak rise of 9% and a current price of 77.2 HKD, with a trading volume of 5.079 billion HKD [1] - The AI model Keling AI has undergone over 30 iterations in the past year, showcasing continuous improvements in video generation capabilities, with a global user base exceeding 45 million, doubling in just three months [1] Group 2 - During the World Artificial Intelligence Conference (WAIC) 2025, Kuaishou's Keling AI hosted an ecological forum focused on the theme of "The Year of Generative AI Applications," discussing AI's empowerment in various industries such as film, e-commerce, and gaming [2] - Kuaishou's monthly user payment revenue surpassed 100 million RMB in April, positioning the company as a leader in the global video generation sector, aiming to cover user service costs and expand its user base [2]