Core Insights - On December 22, 2025, Alibaba-W (09988), SMIC (00981), and Xiaomi Group-W (01810) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 4.274 billion, 3.472 billion, and 2.623 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, SMIC (00981), Alibaba-W (09988), and Tencent Holdings (00700) led the trading volume, with amounts of 2.198 billion, 2.046 billion, and 1.461 billion respectively [1] Southbound Stock Connect Trading Activity - The top three active companies in the Southbound Stock Connect included: - Alibaba-W (09988) with a trading amount of 4.274 billion and a net buy of -1.081 billion - SMIC (00981) with a trading amount of 3.472 billion and a net buy of 0.259 billion - Xiaomi Group-W (01810) with a trading amount of 2.623 billion and a net buy of 0.305 billion [2] - Other notable companies included Tencent Holdings (00700) with a trading amount of 2.347 billion and a net buy of 0.427 billion, and China Mobile (00941) with a trading amount of 1.078 billion and a net buy of -0.441 billion [2] Shenzhen-Hong Kong Stock Connect Trading Activity - The top three active companies in the Shenzhen-Hong Kong Stock Connect were: - SMIC (00981) with a trading amount of 2.198 billion and a net buy of 0.472 billion - Alibaba-W (09988) with a trading amount of 2.046 billion and a net buy of 0.562 billion - Tencent Holdings (00700) with a trading amount of 1.461 billion and a net buy of 0.170 billion [2] - Other significant companies included Xiaomi Group-W (01810) with a trading amount of 1.460 billion and a net buy of 0.382 billion, and China Mobile (00941) with a trading amount of 0.805 billion and a net buy of -0.138 billion [2]

Core Viewpoint - The communication industry experienced a significant increase of 4.28% on December 22, with a net inflow of 7.516 billion yuan in main funds, leading the market in terms of growth and capital inflow [2][3]. Market Performance - The Shanghai Composite Index rose by 0.69% on the same day, with 22 out of 28 sectors showing gains, particularly in communication and comprehensive sectors, which increased by 4.28% and 2.63% respectively [2]. - The media and banking sectors were the worst performers, declining by 0.61% and 0.52% respectively [2]. Capital Flow Analysis - A total of 6.605 billion yuan was net inflowed into the two markets, with 11 sectors seeing net inflows. The communication sector led with a net inflow of 7.516 billion yuan [2]. - The electronic sector followed with a 2.62% increase and a net inflow of 6.073 billion yuan [2]. Individual Stock Performance in Communication Sector - Out of 124 stocks in the communication sector, 90 stocks rose, with 6 hitting the daily limit [3]. - The top three stocks by net inflow were: - Zhongji Xuchuang: 1.485 billion yuan [3] - Xinyi Sheng: 1.083 billion yuan [3] - Hengtong Optic-Electric: 871 million yuan [3]. - The sector also saw 5 stocks with net outflows exceeding 100 million yuan, led by China Mobile with a net outflow of 359 million yuan [5]. Capital Inflow and Outflow Rankings - The top inflow stocks in the communication sector included: - Zhongji Xuchuang: +8.01% [4] - Xinyi Sheng: +6.61% [4] - Hengtong Optic-Electric: +10.02% [4]. - The top outflow stocks included: - China Mobile: -0.98% [5] - Tongding Interconnection: -2.93% [5] - Xinke Mobile-U: -3.92% [5].

Group 1 - The board of China Mobile announced the resignation of Yang Jie as executive director and chairman due to age reasons, effective from December 22, 2025 [1] - Chen Zhongyue has been appointed as the new executive director and chairman of the company, effective from December 22, 2025, following the proposal from the nomination committee and approval by the board [1]

格隆汇12月22日丨中国移动(00941.HK)宣布，杨杰因年龄原因辞任公司执行董事兼董事长的职务，自 2025年12月22日起生效。陈忠岳已获委任为公司的执行董事兼董事长，自2025年12月22日起生效。 ...

中国移动：杨杰辞任董事长，陈忠岳接任。 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之 內容 概 不 負責,對其準確性或完整性亦不發表任何聲明,並明確表示概不就因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 董事會議就楊先生對本公司作出的突出貢獻給予高度評價並深表謝意。 執行董事兼董事長委任 董事會欣然宣佈,經本公司提名委員會提議、董事會審議及批准,陳忠岳先生 已 獲 委 任 為 本 公 司 的 執 行 董 事 兼 董 事 長,自2025年 12月22日 起 生 效。 china Mohile 執行董事兼董事長 辭任 中國移動有限公司(「本公司」董事會(「董事會(「董事會」宣佈,楊杰先生因年齡原因辭任 本公司執行董事兼董事長的職務,自2025年12月22日起生效。楊先生已確認與 董事會並無不同意見,而就其辭任一事,亦無任何事項需要通知本公司股東。 中國移動有限公司 CHINA MOBILE LIMITED (根據公司條例在香港註冊成立之有限公司) 股份代號：941(港幣櫃台)及 80941(人民幣櫃台) 董事長變更 陳忠岳先生,54歲,現為本公司最終控股東 ...

经本公司提名委员会提议、董事会审议及批准，陈忠岳先生已获委任为本公司的执行董事兼董事长，自 2025年12月22日起生效。 智通财经APP讯，中国移动(00941)发布公告，杨杰先生因年龄原因辞任本公司执行董事兼董事长的职 务，自2025年12月22日起生效。 ...

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之內容概不 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 就 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之任何損失承擔任何責任。 CHINA MOBILE LIMITED 中國移動有限公司 （根據公司條例在香港註冊成立之有限公司） 股份代號：941（港幣櫃台）及 80941（人民幣櫃台） 董事長變更 執行董事兼董事長辭任 中國移動有限公司（「本公司」）董事會（「董事會」）宣 佈，楊 杰 先 生 因 年 齡 原 因 辭 任 本 公 司 執 行 董 事 兼 董 事 長 的 職 務，自2025年12月22日 起 生 效。楊 先 生 已 確 認 與 董 事 會 並 無 不 同 意 見，而 就 其 辭 任 一 事，亦 無 任 何 事 項 需 要 通 知 本 公 司 股 東。 董 事 會 謹 就 楊 先 生 對 本 公 司 作 出 的 突 出 貢 獻 給 予 高 度 評 價 並 深 表 謝 意。 執行董事兼董事長委任 董 事 會 欣 然 宣 佈，經 本 公 司 提 名 委 員 會 提 議 ...

CHINA MOBILE LIMITED 陳忠岳先生（董 事 長） 何飈先生（首 席 執 行 官） 王利民先生 李榮華先生（財 務 總 監） 獨立非執行董事 姚建華先生 楊强博士 李嘉士先生 梁高美懿女士 – 1 – 董 事 會 設 有 四 個 董 事 委 員 會。董 事 委 員 會 的 組 成 如 下： 中國移動有限公司 （根據公司條例在香港註冊成立之有限公司） 股份代號：941（港幣櫃台）及 80941（人民幣櫃台） 董事名單與其角色和職能 中國移動有限公司董事會（「董事會」）成 員 載 列 如 下： 執行董事 審核委員會 薪酬委員會 姚建華先生（主 席） 楊强博士 李嘉士先生 梁高美懿女士 提名委員會 楊强博士（主 席） 姚建華先生 李嘉士先生 梁高美懿女士 可持續發展委員會 梁高美懿女士（主 席） 何飈先生 李榮華先生 李嘉士先生 香 港，2025年12月22日 – 2 – 姚建華先生（主 席） 楊强博士 李嘉士先生 梁高美懿女士 ...

12月20日晚，"鸿蒙星光盛典"播出。盛典现场用四万盏璀璨的灯球，点亮星空；当灯光星海拼出"在一 起，就可以"的字样，弹幕也纷纷点赞当晚众星汇聚以及充满科技感的舞美，直呼"排面非凡"。盛典分 成"突破"、"生长"、"信念"、"未来"四个章节，每一个曲目都表达着鸿蒙及鸿蒙生态从无到有的不易， 以及向每一位参与其中、平凡而闪耀的"追光人"致敬的巧思。 那一片由灯光组成的星海，是鸿蒙生态最生动的写照。每一位开发者、每一个合作伙伴、每一位用户， 虽是散落四方的点点星光，却因共同的目标而心意相连，最终汇聚成照亮前路的数字火炬。 一场"丝滑"的大型路演 在技术展示环节，主持人撒贝宁与咏春拳表演者常宏基进行了互动演示。"用华为Mate 80，通过Remy 拍摄，只需要花10秒围着我绕一圈，就能生成三维立体影像。"常宏基现场演示了鸿蒙的独家应用，而 以前想拍出这种效果，需要多台摄像机同时操作。 这个环节生动展示了鸿蒙生态独有的应用体验。Remy作为鸿蒙操作系统的独家应用，可以将三维立体 瞬间永久记录，用户后续可以随意放大旋转，像亲临现场一样。 更多展现技术实力的细节被藏在台前幕后。例如，制作团队用搭载鸿蒙6的华为Mate 8 ...

Core Insights - Galaxy General Robotics has completed a new financing round of over $300 million (approximately 2.1 billion RMB), setting a record for single-round financing in the domestic embodied intelligence industry and achieving a valuation of $3 billion (approximately 21.1 billion RMB), making it the highest-valued company in China's embodied intelligence sector [1][3] Financing Details - The financing round was led by China Mobile Chain Long Fund, with participation from major domestic investment platforms and industry giants such as CICC Capital, the Chinese Academy of Sciences Fund, Suzhou Venture Capital, and CCTV Media Fund, along with international investors from Singapore and the Middle East [3][8] - The total financing amount for Galaxy General has now reached approximately $800 million (around 5.6 billion RMB), reflecting its strong capital attraction supported by technology, commercialization, and industrial layout [3] Technological Advancements - Galaxy General is the world's first company to achieve full-stack self-research from "hundred billion high-quality datasets" to "embodied large models" and then to "robot bodies," leading in core technology areas [5] - The company has developed an embodied intelligence large model that excels in multiple key dimensions, including multi-task generalization, humanoid robot full-body motion control, cross-body autonomous navigation, and dexterous hand fine manipulation, achieving global firsts [5] - A differentiated technical approach has been adopted to address the industry's pain point of training data set shortages through extensive simulation synthetic data, significantly enhancing the efficiency of technological iteration [5] Commercialization and Applications - Galaxy General has achieved significant breakthroughs in large-scale commercialization, focusing on industrial-grade usage standards and forming mature solutions in four core areas [6] - In industrial manufacturing, the company has established deep collaborations with leading enterprises such as CATL, Bosch Group, Toyota, Hyundai, and BAIC Group, achieving the world's first humanoid robot for real autonomous operations in factories with cumulative orders in the thousands [6] - In smart city services, the company launched the "Galaxy Space Capsule," featuring the humanoid robot Galbot for fully autonomous operations, which is now running regularly in major urban areas and landmarks across dozens of cities [6] - In instant retail warehousing, a partnership with Aibo Medical has led to the establishment of the first 24-hour smart medical store in the country, with solutions deployed in numerous retail warehouses, effectively addressing nighttime staffing shortages [6] - In the medical and health care sector, collaborations with renowned hospitals like Xuanwu Hospital are promoting the application of humanoid robots in various scenarios such as ward assistance, pharmacy management, and smart guidance [6] Future Outlook - The recent financing has attracted strategic investors with deep industry backgrounds and global perspectives, recognizing Galaxy General's technological path and scalability [8] - Post-financing, the company plans to increase investment in core technology research and development, accelerate the large-scale implementation and iterative upgrades of solutions across various fields, and expand its global cooperation network [8] - The financing history of Galaxy General, from the largest angel round in June 2024 to the record-breaking 1.1 billion RMB financing in June 2025, and now the over $300 million financing, reflects the rapid development of the embodied intelligence industry [8]