Core Viewpoint - The acquisition of 57% stake in Cognition Boundary by Huitongda for RMB 456 million is a strategic move to enhance its digital capabilities and strengthen its position in the retail and e-commerce sectors [1] Group 1: Acquisition Details - Huitongda will acquire 57% of Cognition Boundary, which will become a subsidiary, and its financial performance will be consolidated into Huitongda's financial statements [1] - Huitongda currently serves over 251,000 member stores and more than 1,000 upstream brand factories across 21 provinces in China [1] Group 2: Synergistic Effects - The merger is expected to create a multiplier effect by combining the strengths of both companies in serving retail clients and upstream brands, enhancing the "5+ empowerment" effect for Huitongda's member stores [2] - Cognition Boundary's expertise in AI and data analytics will integrate with Huitongda's existing capabilities, improving operational efficiency and decision-making for member stores [2] Group 3: Strategic Positioning - The acquisition reflects Huitongda's commitment to its "AI+" strategy, aiming to deepen its competitive edge in the "BI+AI" sector [3] - Huitongda has made significant strides in AI this year, including partnerships and the development of proprietary AI models, which will be further enhanced by Cognition Boundary's integration [3] Group 4: Financial Impact - The acquisition is projected to positively impact Huitongda's financial performance, with Cognition Boundary expected to contribute net profits of at least RMB 85 million, RMB 100 million, and RMB 115 million from 2026 to 2028 [4] - The integration will boost Huitongda's service revenue and improve its overall gross margin, reinforcing its long-term value and valuation support [4] - The acquisition aligns with the national strategy to enhance productivity and promote economic circulation, positioning Huitongda for significant long-term value and capital potential [4]

Core Insights - The acquisition of Cognitive Boundary by Huitongda is a strategic move to deepen the company's capabilities in digital transformation and supply chain management for retail clients [2][3] - The merger is expected to create a synergistic effect, enhancing Huitongda's service offerings and operational efficiency through the integration of AI and data solutions [2][3] - Financially, the acquisition is projected to positively impact Huitongda's performance, with specific profit commitments from Cognitive Boundary for the years 2026 to 2028 [4] Group 1: Acquisition Overview - Huitongda is a leading industrial internet company in China, focusing on empowering rural retail stores with supply chain capabilities and digital technology, covering 21 provinces and serving over 251,000 member stores [1] - Cognitive Boundary specializes in intelligent technology solutions for e-commerce and retail, managing over 16,000 stores with an annual sales management volume exceeding 140 billion [1] Group 2: Strategic Implications - The merger is seen as a significant step in Huitongda's strategy to enhance its full-chain digital empowerment, leveraging both companies' expertise in serving retail clients and upstream brands [2] - The integration of Cognitive Boundary's BI systems and AI capabilities with Huitongda's existing technologies is expected to improve operational efficiency and decision-making for member stores [2][3] Group 3: Financial Impact - The acquisition is anticipated to contribute directly to Huitongda's revenue growth, with Cognitive Boundary's net profit commitments of at least 85 million RMB, 100 million RMB, and 115 million RMB for the years 2026 to 2028 [4] - The inclusion of Cognitive Boundary's revenue in Huitongda's service income is expected to enhance the overall gross margin and optimize the revenue structure [4]

Core Viewpoint - The company has agreed to acquire a 57% stake in Tibet Border Information Technology Co., Ltd. for RMB 456 million, which will enhance its capabilities in the e-commerce and retail sectors through AI and digital solutions [1][2]. Group 1: Acquisition Details - The acquisition agreement was signed on November 18, 2025, and upon completion, the target company will become a subsidiary of the company [1]. - The financial performance of the target company will be consolidated into the company's financial statements [1]. Group 2: Target Company Overview - The target company specializes in providing full-stack services in e-commerce and retail, focusing on AI products and digital solutions [1]. - It operates in a high-potential market with a growing demand for AI and digital solutions in the e-commerce sector [1]. Group 3: Management and Market Position - The founding and mentoring teams of the target company consist of experienced professionals from the e-commerce industry, with over ten years of service experience [2]. - The core customized solution business of the target company holds the number one market share in the industry, with a high renewal rate exceeding 70% annually [2].

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9878） 須予披露的交易 收購目標公司57%股權 收購事項 董事會欣然宣佈，於2025年11月18日（交易時段後），本公司與目標公司及其創 始人訂立股權收購協議。據此，本公司有條件同意收購及轉讓方有條件同意出 售目標公司57%股權，代價為人民幣45,600萬元。 收購事項完成後，本公司將持有目標公司57%的股權。目標公司將成為本公司 附屬公司，且目標公司的財務業績將會併入本集團的財務報表。 上市規則的涵義 由於收購事項的最高適用百分比率（定義見上市規則第14.07條）超過5%但低於 25%，因此收購事項構成本公司的須予披露的交易，須遵守上巿規則第14章項 下有關申報及公告的規定，惟獲豁免遵守股東批准的規定。 由於收購事項須待股權轉讓協議所載若干付款先決條件獲達成（或獲 ...

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 本公告乃由匯通達網絡股份有限公司（「本公司」）根據證券及期貨條例（香港法例 第571章）第XIVA部及香港聯合交易所有限公司（「香港聯交所」）證券上市規則第 13.09(2)(a)條而作出。 本公司董事（「董事」）會（「董事會」）謹此宣佈，董事會於2025年11月18日舉行的 董事會會議上，審議並通過（其中包括）關於使用公積金彌補虧損的議案。 使用公積金彌補虧損的基本情況 經畢馬威會計師事務所審計，截至2024年12月31日，本公司財務報表累計虧損 為人民幣206,545.6萬元，盈餘公積為人民幣0元，資本公積為人民幣926,763.9萬 元。本公司累計虧損主要由於本公司首次公開發售H股股份前，多輪融資過程中 因承擔贖回責任產生金融負債而計提的利息支出所致。 根據《中華人民共和國公 ...

Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：9878） 建議取消監事會並修訂公司章程 匯通達網絡股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董 事會於2025年11月18日舉行的董事會會議上，審議並通過（其中包括）關於取消 本公司監事會（「監事會」）並修訂本公司公司章程（「公司章程」）的議案。 根據《中華人民共和國公司法（2023年修訂）》（「《公司法》」）、《上市公司章程指引 （2025年修訂）》等法律、法規及規範性文件的相關規定，結合本公司實際情況， 本公司建議取消監事會，由董事會審計委員會行使監事會的法定職權。同時，根 據相關法律、法規及規範性文件的最新規定，結合本公司實際情況，董事會建議 對公司章程進行修訂。 上述關於建議取消監事會並修訂公司章程的議案須待本公司股東於本公司股東大 ...

Core Insights - The year 2025 is seen as a pivotal moment for the industrial internet, marking a transition from a capital-driven cycle to one focused on value creation and innovation [1] - The fundamental aspects of the industrial internet remain unchanged, driven by technological and global supply chain transformations [1] Group 1: New Cycle Keys - The three keys to unlocking the new cycle are "Industrial AI, Industrial Globalization, and Deep Value Chains" [2] - The "2025 Yibang Industrial Internet Annual Conference" aims to explore these themes and establish new benchmarks for the industry [2] Group 2: Conference Details - The annual conference will take place from December 3 to 4, 2025, at the China World Hotel in Beijing [3] - Approximately 800 industry elites are expected to attend, with notable speakers including experts from various sectors sharing insights on industrial transformation and AI [4][5] Group 3: Keynote Speakers and Topics - Keynote topics will cover AI's impact on supply chains, the role of industrial internet in global branding, and strategies for deepening value chains [4][5] - Notable speakers include industry leaders from major companies and organizations, discussing practical experiences and strategies for navigating the new industrial landscape [4][5] Group 4: Awards and Recognition - The conference will feature the "Qianfeng Night" awards ceremony, recognizing outstanding companies in the areas of Industrial AI, Globalization, and Deep Value Chains [6] - The event will also include discussions on the importance of intellectual property and strategies for success in the short video era [6] Group 5: Networking and Collaboration - A closed-door meeting for decision-makers will focus on value creation and collaboration within the industrial internet space [15][16] - The conference aims to foster connections among industry professionals, experts, investors, and media to drive innovation and growth [6][15]

Core Insights - The ESG ratings for HuTongDa Network (9878.HK) have been upgraded by several major institutions, including Hang Seng, Huazheng, and Wind, reflecting the company's commitment to national strategies and social responsibilities [1][2][3] - The global market for ESG funds has surpassed $3.5 trillion as of June 2023, indicating a growing emphasis on ESG management in investment decisions [1][2] - HuTongDa has established an ESG committee and improved its governance structure to enhance its ESG practices since 2025 [1][2] Group 1 - HuTongDa's ESG rating from Hang Seng has improved from BBB- to BBB, showcasing its effective integration of new technologies to support over 250,000 traditional stores in China [3] - Wind ESG upgraded HuTongDa's rating from BBB to AA, while Huazheng's rating increased from BBB to A, with a score of 89.2, ranking first among 45 companies in the multi-category retail sector [3] - The recognition received by HuTongDa includes awards such as "Annual Excellent ESG Demonstration Enterprise" and "Best ESG Pioneer Practice Listed Company" [2][3] Group 2 - The Hang Seng ESG rating system covers approximately 1,800 core listed companies in Hong Kong and Shenzhen, influencing the selection of components for the Hang Seng Sustainable Development Index [2] - High ESG ratings are crucial for companies to be included in passive ESG funds and large sovereign wealth funds' investment lists [2] - HuTongDa's business practices align closely with national policies, earning multiple qualifications and honors from local governments [3]

Group 1: Aerospace and Technology - The successful launch of the Shenzhou 21 manned spacecraft was supported by various sensor and monitoring systems developed by Nanjing Gaohua Technology Co., Ltd, ensuring the mission's success [1][2] - Gaohua Technology has a strong presence in aerospace, having participated in key projects such as manned spaceflight, lunar exploration, and the BeiDou project, showcasing its technological capabilities [2][3] - The aerospace industry in Nanjing is a key focus area, with policies aimed at creating a nationally influential aerospace research and manufacturing hub, leading to significant growth in high-tech manufacturing [3] Group 2: Medical Equipment - Nanjing Puhui Medical Equipment Co., Ltd has become the second-largest supplier of medical X-ray imaging systems in China, with a strong market presence in mobile C-arms [4] - The company recently received FDA approval for its large flat-panel C-arm product, marking a significant step in its global expansion strategy [4] Group 3: Internet and Modern Services - The rise of internet platforms in Nanjing is enhancing the modern service industry, with companies like Huitongda Network leveraging AI to improve retail operations for small businesses [5][6] - China Manufacturing Network, a core platform under Focus Technology, has seen significant growth, with a 35% increase in site traffic and a strong presence in emerging markets [6] Group 4: Innovation and Industry Development - Nanjing is fostering a modern industrial system through innovation, with companies like Tianchuang Intelligent Technology showcasing advanced robotics at international expos [8] - The city is also focusing on high-end manufacturing and digital transformation, with significant investments in R&D and technology innovation across various sectors [9]

Group 1 - The city's high-tech manufacturing industry added value increased by 8.3% year-on-year in the first three quarters, with aerospace and equipment manufacturing growing by 17.9% and medical equipment manufacturing by 12.6% [1][5] - The modern service industry is also experiencing rapid growth, with internet access and related services revenue increasing by 62.4%, internet production service platforms by 12.7%, and internet technology innovation platforms by 20.5% from January to August [6][7] - Nanjing's focus on building a trillion-level software industry and a 500 billion-level smart grid industry aims to enhance industrial innovation through technological advancements [2][10] Group 2 - High-tech manufacturing companies like Nanjing Gaohua Technology Co., Ltd. are contributing to significant aerospace projects, providing various sensor systems that ensure the success of missions like the Shenzhou 21 manned spacecraft launch [3][4] - Nanjing Puhui Medical Equipment Co., Ltd. has successfully passed FDA approval for its C-arm product, marking a significant step in its global strategy and expanding its market presence [5] - The city has established a robust aerospace industry cluster, focusing on key areas such as aircraft engines, onboard systems, and drone manufacturing, supported by various policy initiatives [4][10] Group 3 - The rise of internet platforms in Nanjing is facilitating the digital transformation of traditional industries, with companies like Huitongda Network leveraging AI to enhance retail operations for small businesses [6][7] - China Manufacturing Network, a key platform under Focus Technology, has seen a 35% increase in traffic, with significant growth in emerging markets, indicating a strong demand for Chinese suppliers [7] - Nanjing Tianchuang Intelligent Technology Co., Ltd. has gained attention for its innovative robots, including the world's first explosion-proof humanoid robot, showcasing the city's advancements in robotics [8][9]