Core Viewpoint - China Cinda (01359) announced the resignation of independent non-executive director Lin Zhiquan, effective November 7, 2025, due to the expiration of his term [1] Group 1 - Lin Zhiquan resigned from multiple positions including independent non-executive director, member of the Board's Strategic Development Committee, Audit Committee, and Related Party Transaction Control Committee [1]

Core Viewpoint - China Cinda (01359.HK) announced the resignation of independent non-executive director Lin Zhiquan, effective November 7, 2025, due to the expiration of his term [1] Group 1 - Lin Zhiquan resigned from multiple positions including independent non-executive director, member of the board's strategic development committee, audit committee, and related party transaction control committee [1]

根據相關法律法規和《中國信達資產管理股份有限公司章程》（「公司章程」）的有關規 定，林志權先生的辭任將自本公司股東大會選舉新任獨立非執行董事，並於國家金融監 督管理總局核准新任獨立非執行董事任職資格以填補其空缺後生效。在此之前，林志權 先生將依據相關法律法規及公司章程的有關規定繼續履行獨立非執行董事及董事會專門 委員會相關職責。 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。 China Cinda Asset Management Co., Ltd. 中國信達資產管理股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：01359及04621（優先股）） 獨立非執行董事辭任 中國信達資產管理股份有限公司（「本公司」）董事會（「董事會」）宣佈，其於2025年11月 7日收到本公司獨立非執行董事林志權先生的辭職報告。林志權先生因任期屆滿提出辭 任獨立非執行董事、董事會戰略發展委員會委員、審計委員會委員和關聯交易控制委員 會委員職務。 中 ...

Core Points - China Evergrande Group is involved in a legal case regarding debt restructuring and has been subject to a first-instance judgment [1] - China Cinda Asset Management Co., Ltd. Shenzhen Branch has transferred its creditor's rights and guarantees to Tianjin Xinzhongtian Enterprise Management Partnership (Limited Partnership) [1][2] - Debtors and guarantors are required to fulfill repayment obligations to Tianjin Xinzhongtian Enterprise Management Partnership [1] Group 1 - The first-instance case number for China Evergrande Group is (2023) Yun Min Chu 493 [1] - The second-instance case number is (2024) Yun Min 294 [1] - The execution case number is (2024) Yun 1587 [1] Group 2 - The announcement serves as a notification to debtors and guarantors regarding the transfer of creditor's rights [2] - Contact information for inquiries is provided, including a contact person and phone number [2] - The announcement is dated November 6, 2025 [2]

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10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: 中國信達資產管理股份有限公司 呈交日期: 2025年11月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01359 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,567,602,831 | RMB | | 1 RMB | | 13,567,602,831 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,567,602,831 | RMB | | 1 RMB | | 13,567,602,831 | | 2. 股份分類 | 普通股 ...

Group 1 - China Cinda plans to reduce its stake in Founder Securities by up to 82.32 million shares, representing 1.00% of the total share capital, between November 26, 2025, and February 25, 2026, potentially cashing out approximately 677 million yuan at the closing price of 8.22 yuan per share on November 4 [1] - As of the announcement date, China Cinda holds about 593 million shares in Founder Securities, accounting for 7.20% of the total share capital, making it the third-largest shareholder [1] - The shares were acquired through a debt settlement process in 2020, where China Cinda became the beneficiary of 710 million shares originally held by Zhengquan Holdings [1] Group 2 - China Cinda's frequent share reductions may be linked to its operational needs, as it is significantly impacted by macroeconomic cycles [2] - In the first half of 2025, China Cinda reported a net profit of 2.281 billion yuan, a year-on-year increase of 5.78%, but its pre-tax profit from non-performing assets was -6.2 billion yuan [2] - The company has increased its acquisition of non-performing financial debt assets, with 25.506 billion yuan acquired in the first half of 2025, a year-on-year growth of 56.80% [2] Group 3 - Founder Securities has shown stable performance in recent years, with net profit around 2.1 billion yuan [3] - In 2025, the company benefited from an active capital market, with brokerage, margin trading, investment banking, and proprietary trading businesses recovering significantly [3] - For the first three quarters of 2025, Founder Securities reported revenue of 9.082 billion yuan, a year-on-year increase of 67.17%, and a net profit of 3.799 billion yuan, up 93.31% year-on-year [3]

Shareholder Reduction Plans - Zhongjing Technology's shareholder Longi Green Energy plans to reduce holdings by no more than 3.8764 million shares [1] - Guobo Electronics' shareholder China Electronics Technology Group plans to reduce holdings by no more than 2.00% [1] - Hongbai New Materials' shareholder Xinyu Baolong plans to reduce holdings by no more than 19.5 million shares [1] - Founder Securities' shareholder China Cinda plans to reduce holdings by no more than 82.321 million shares [1] - Ningbo Zhongbai's shareholder Zhang Jiangbo plans to reduce holdings by no more than 1% [1] - Suli Co., Ltd.'s shareholder Gusheng Investment plans to reduce holdings by no more than 900,000 shares [1] - Ruihua Tai's shareholder Hangke New Century plans to reduce holdings by no more than 180,000 shares [1] - Shenkong's shareholder More Liangzhao plans to reduce holdings by no more than 2% [1] Other Notable Events - Yao Yigou received a tax matter notification [1] - ST Lingnan is being prosecuted for alleged collusion in bidding [1]

Market Overview - The three major indices opened lower, with the Shanghai Composite Index down 0.95% at 3922.58 points, the Shenzhen Component down 1.68% at 12953.84 points, and the ChiNext Index down 2.08% at 3068.95 points [1] Monetary Policy - The People's Bank of China announced a 700 billion yuan reverse repurchase operation for three months to maintain ample liquidity in the banking system [1] Semiconductor Industry - The Dutch government intervened in the internal affairs of ASML, leading to a court ruling that stripped Chinese companies of their equity, which has severely impacted the global semiconductor supply chain. ASML (Netherlands) announced on October 26 that it would stop supplying wafers to ASML (China), disrupting normal production [1] Stock Market Activity - In October 2025, new A-share accounts opened totaled 2.31 million, a 66% decrease from 6.85 million in October last year. The cumulative new accounts for the first ten months of 2025 reached 22.46 million, an 11% year-on-year increase [2] Corporate Actions - Midea Group announced it has repurchased a total of 9.575 billion yuan worth of A-shares [5] - China Xinda, the third-largest shareholder of Founder Securities, plans to reduce its stake by no more than 1% [3] - Longi Green Energy, the third-largest shareholder of Zhongjing Technology, and director Guo Bingjian plan to reduce their holdings by no more than 3.66% [4] - Redick announced plans to acquire a 20.41% stake in Aoyite Technology for 160 million yuan [7] Technology Developments - The 6G Development Conference will be held in Beijing on November 13-14, focusing on key technology reports related to 6G intelligent integration and immersive communication [2] - Apple plans to launch its first low-cost MacBook in the first half of next year, priced below $1,000 [13] - Tesla's CEO Elon Musk stated that AI5 chip samples are expected to be released in 2026, with mass production planned for 2027 [21] - AMD reported third-quarter revenue of $9.25 billion, exceeding analyst expectations of $8.74 billion, and forecasts fourth-quarter revenue between $9.3 billion and $9.9 billion [22] Market Sentiment - The U.S. Senate failed to pass a temporary funding bill, leading to a potential record government shutdown [11] - The cryptocurrency market continued to decline, with Bitcoin dropping below $100,000 and Ethereum falling over 15% [18] - Major U.S. stock indices closed lower, with the Nasdaq down 2.04%, S&P 500 down 1.17%, and Dow Jones down 0.53% [18]

Group 1 - China Cinda Asset Management plans to reduce its stake in Founder Securities by up to 1%, amounting to approximately 82.32 million shares, which represents 1% of the total share capital [1] - Currently, China Cinda holds 593.05 million shares in Founder Securities, accounting for 7.2% of the total share capital, with shares acquired through a private transfer [1] - The reduction period is set from November 26, 2025, to February 25, 2026, and is attributed to China Cinda's operational needs [1] Group 2 - Two Brazil-focused ETFs have seen strong demand, with subscription rates exceeding 11% for both, indicating robust investor interest in emerging markets [2] - The total scale of cross-border ETFs has approached 900 billion, highlighting the growing trend of global asset allocation among ordinary investors [2] - This surge in interest may prompt fund companies to accelerate their offerings in emerging market products, benefiting related ETF management firms [2] Group 3 - The fund issuance market has seen a resurgence, with two "sunshine funds" launched in a single day, each raising over 3 billion, indicating increased market participation [3] - Year-to-date figures show significant growth in stock and mixed fund issuance, with increases of 43.86% and 76.04% respectively compared to the previous year [3] - The rapid sell-out of these funds may enhance the valuation expectations for related fund companies and leading brokerages [3] Group 4 - China International Capital Corporation (CICC) recorded five block trades on November 4, totaling approximately 360.86 million shares and nearly 1.3 billion in transaction value [4] - The average transaction price was 36 yuan, reflecting a discount of 0.96% compared to the closing price, indicating active trading among institutions [4] - The recent block trades suggest a potential shift in long-term institutional holdings, although the short-term impact on stock prices may be limited [5]

Key Points - Baose shares (300402.SZ) confirmed that it is not involved in the "2MWt liquid fuel thorium-based molten salt experimental reactor (TMSR-LF1) project" [1] - Sichuan Meifeng (000731.SZ) plans to invest in the construction of a scattered gas recovery project [1] - ST Songfa (603268.SH) announced that Hengli Ocean Engineering intends to invest 457 million yuan in the construction of outfitting wharf project [1] - Jinguang Electric (688517.SH) won a bid for a 21.7976 million yuan State Grid power transmission and transformation project [1] - Yutong Bus (600066.SH) reported cumulative vehicle sales of 36,596 units this year, representing a year-on-year increase of 5.87% [1][3] - Shida Group (600734.SH) plans to acquire 95% of Shuchuan Ming Shang for 185 million yuan to enhance profitability [1] - Huaron shares (603855.SH) intends to repurchase shares with an investment of 40 million to 125 million yuan [1] - Longyuan Power (000966.SZ) reported a power generation of 2.149 billion kWh in October, a year-on-year decrease of 32.25% [2] - Star Source Magnesium (301398.SZ) received a project designation notice from a client [1] - Fengmao shares (301459.SZ) plans to issue convertible bonds to raise no more than 610 million yuan [1]