Group 1 - The 2025 China International Big Data Industry Expo concluded in Guiyang, attracting over 55,000 attendees and featuring 375 exhibitors from around the world [1] - The expo focused on creating a platform for supply-demand matching in digital economy innovation, showcasing digital solutions and experiences [1] - A key theme was the market-oriented reform of data factor allocation, highlighted by the Data Trading Ecology Conference co-hosted by three major data exchanges [1] Group 2 - The expo featured over 1,300 new products, technologies, and solutions, with a total exhibition area of 60,000 square meters [2] - Various activities such as supply-demand matching, corporate roadshows, and technical discussions were held to facilitate technology exchange and business opportunities [2] - Notable innovations included AI applications and data integration showcased by Southern Power Grid, which has developed 292 industry-specific AI applications [2] Group 3 - This year marked the 11th successful hosting of the expo, with 90 reports, industry standards, and technical achievements released during the event [3] - The expo also hosted key competitions focusing on data industry and AI security, planning 100 digital economy projects that attracted investments totaling 46.336 billion yuan [3]

Major Developments - Huajian Medical (01931) plans to issue approximately HKD 3.142 billion in shares to acquire a 20.31% stake in Guofu Quantum (00290), further enhancing its strategic layout in the RWA and digital finance sectors [1] - Wanka Yilian (01762) subsidiary signs a comprehensive cooperation memorandum with Alibaba Cloud to build a global "AI + marketing" intelligent ecosystem [1] - Basis Technology Holdings (08391) partners with ExxonMobil Hong Kong to deploy ultra-fast electric vehicle charging stations at Esso-branded gas stations [1] - Yunfeng Financial (00376) reaches a strategic cooperation agreement with Ant Group and strategically invests in Pharos blockchain to build institutional-level RWA financial infrastructure [1] - JD Group-SW (09618) makes a voluntary public acquisition offer to CECONOMY AG [1] - Harmony Auto (03836): iCar Group Limited receives a subscription for 9.9999% of its shares from a BYD subsidiary [1] Financial Data - Xpeng Motors-W (09868) delivered approximately 37,700 smart electric vehicles in August, representing a year-on-year increase of 169% [1] - NIO-SW (09866) delivered 31,305 vehicles in August, reflecting a year-on-year growth of 55.2% [1] - Li Auto-W (02015) delivered 28,529 new vehicles in August [1] - BYD Company (01211) reported approximately 2.8639 million new energy vehicle sales in the first eight months, a year-on-year increase of 23% [1]

Core Insights - BYD, the world's largest electric vehicle brand, has strategically invested $40 million in Harmony ICAR, acquiring approximately 10% of the company's shares, thus becoming a significant strategic shareholder [1] - This investment is based on a solid cooperative foundation and strategic consensus between the two companies, highlighting their collaboration since October 2023 [1] - Harmony ICAR has successfully established and operated over 100 BYD outlets in more than 20 countries and regions across Asia-Pacific and Europe, demonstrating exceptional international operational capabilities and sustainable profitability [1] Investment Implications - The strategic stake acquisition marks a transition from business collaboration to capital synergy, reflecting BYD's recognition and trust in Harmony ICAR [1] - The investment underscores BYD's strong support for its partners and the philosophy of win-win cooperation [1] - Following the investment, BYD will empower and support Harmony ICAR to accelerate its overseas development strategy in the new energy sector [1] Operational Enhancements - Harmony ICAR is expected to enhance service quality and operational efficiency, playing a crucial role in BYD's global development strategy [1] - The partnership aims to contribute significantly to the development of global electric vehicles and create a new chapter in green intelligent mobility [1]

Core Insights - BYD, the world's largest electric vehicle brand, has strategically invested $40 million in Harmony ICAR, acquiring approximately 10% of the company's shares, thus becoming a significant strategic shareholder [1] - This investment is based on a solid cooperative foundation and strategic consensus between the two companies, highlighting BYD's recognition and trust in Harmony ICAR [1] - The partnership has already resulted in the successful establishment and operation of over 100 BYD outlets in more than 20 countries and regions, showcasing Harmony ICAR's international operational capabilities and sustainable profitability [1] Investment Details - The strategic investment marks a transition from business collaboration to capital synergy, reflecting BYD's strong support for its partners and the concept of win-win cooperation [1] - Following the investment, BYD will empower and support Harmony ICAR to accelerate its overseas development strategy in the new energy sector [1] Future Outlook - Harmony ICAR is expected to enhance service quality and operational efficiency, playing a crucial role in BYD's global development strategy [1] - The collaboration aims to contribute significantly to the development of global electric vehicles and create a new chapter in green intelligent mobility [1]

Group 1 - The company Harmony Auto (03836) announced a share subscription agreement with Golden Link Worldwide Limited, involving a subscription amount of $40 million (approximately RMB 285 million) for a 9.9999% stake in iCar Group Limited [1] - Following the transaction, the ownership structure will be 49.5001% held by the company, 40.5000% by EGL, and 9.9999% by the subscriber, with the company controlling 90.0001% of the voting rights [1] - The subscription amount will be used for the general working capital of the target group [1] Group 2 - The subscription is based on the long-term strategic synergy between the subscriber and the company, recognizing the company's strong brand operation capabilities and valuable overseas channels [2] - This subscription is expected to deepen cooperation and accelerate the overseas market expansion of BYD brand electric vehicles, covering sales and after-sales services [2] - It will optimize the company's capital structure, enhance overall competitiveness, and create sustainable long-term value for shareholders [2]

Group 1 - Harmony Auto (03836) announced a share subscription agreement with Golden Link Worldwide Limited, involving a subscription amount of $40 million (approximately RMB 285 million), which represents 9.9999% of the enlarged issued share capital of the target company, iCar Group Limited [1] - Following the completion of the transaction, the target company will be held directly by Harmony Auto (49.5001%), EGL (40.5000%), and the subscriber (9.9999%), with Harmony Auto controlling 90.0001% of the voting rights [1] - The subscription amount will be used for the general working capital of the target group [1] Group 2 - The subscription is based on the long-term strategic synergy between the subscriber and the company, recognizing the company's strong brand operation capabilities and valuable overseas channels [2] - This subscription is expected to deepen cooperation and accelerate the overseas market expansion of BYD brand electric vehicles, covering sales and after-sales services [2] - The transaction will optimize the company's capital structure, enhance overall competitiveness, and create sustainable long-term value for shareholders [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。 股份認購協議 China Harmony Auto Holding Limited 中國和諧汽車控股有限公司 （於開曼群島註冊成立的有限公司） （股份代 號：03836） 須予披露交易 建議認購事項及視作出售於一間附屬公司的股權 董事會宣佈，於2025年9月1日（交易時段後），目標公司（本公司的非全資附 屬公司）、本公司、EGL及認購方訂立股份認購協議，據此，認購方有條件同 意按認購金額認購，而目標公司有條件同意按認購金額配發及發行認購股份 （佔目標公司經擴大已發行股本的9.9999%）。 – 1 – 股東協議 就建議認購事項而言，於2025年9月1日（交易時段後），目標公司、本公司、 EGL及認購方訂立股東協議，以界定及規管目標公司股東於交割後各自的權 利及責任。 上市規則之涵義 鋻於交割後，本公司直接持有的目標公司股權將由55.00%攤薄至49.5001%， 根據上市規則第14.29條，建議認購事項 ...

Core Insights - The company reported a revenue of approximately RMB 9.637 billion for the first half of 2025, representing a year-on-year growth of about 29.1% [1] - New vehicle sales reached 30,666 units, showing a significant year-on-year increase of 60.6% [1] - Gross profit was approximately RMB 560 million, reflecting a year-on-year increase of about 52.8% [1] - Adjusted net profit stood at RMB 20.7 million, a substantial turnaround from a loss of RMB 11.8 million in the same period last year [1] - The basic and diluted loss per share attributable to the company's owners was RMB 0.008, a significant improvement of 84.3% compared to a loss of RMB 0.051 in 2024 [1] Sales Performance - Total sales volume reached 30,666 units, with a notable year-on-year growth of 60.6%, significantly outpacing the overall market growth rate [1] - The Hong Kong and overseas markets emerged as the main growth drivers, with sales of 15,725 units, accounting for 51.3% of total sales [1] - Domestic market sales remained stable at 14,941 units, representing 48.7% of total sales [1] Profitability Analysis - Excluding non-recurring losses of RMB 32.5 million related to store closures, the adjusted net profit would be RMB 20.7 million, marking a significant turnaround from a loss of RMB 76.3 million in 2024, with an increase of approximately RMB 97 million [1]

Core Viewpoint - Harmony Auto (03836) reported a revenue of RMB 9.637 billion for the six months ending June 30, 2025, representing a year-on-year increase of 29.07% [1] - The company narrowed its loss to RMB 10.592 million, a reduction of 85.82% compared to the previous year [1] - The basic loss per share was RMB 0.008 [1] Group Performance - Despite a significant downturn in the Chinese automotive dealership industry, the company achieved a total sales volume of 30,666 vehicles, reflecting a substantial year-on-year growth of 60.6%, which outpaced the overall market growth rate [1] - Sales in Hong Kong and overseas markets were a major growth driver, with 15,725 vehicles sold, accounting for 51.3% of total sales [1] - Domestic market sales remained stable at 14,941 vehicles, representing 48.7% of total sales [1] Financial Adjustments - Excluding non-recurring losses related to store closures amounting to RMB 32.5 million, the adjusted net profit for the group would be RMB 20.7 million, marking a significant turnaround from a loss of RMB 76.3 million in the same period of 2024, an increase of approximately RMB 97 million [1]

Core Insights - Harmony Auto (03836) reported a revenue of RMB 9.637 billion for the six months ending June 30, 2025, representing a year-on-year increase of 29.07% [1] - The company recorded a loss of RMB 10.592 million, which is an 85.82% reduction compared to the previous year [1] - Basic loss per share was RMB 0.008 [1] Company Performance - Despite a significant downturn in the Chinese automotive dealership industry, the company achieved a total sales volume of 30,666 vehicles in the first half of 2025, marking a substantial year-on-year growth of 60.6% [1] - The sales growth rate notably exceeded the overall market growth rate, indicating the successful implementation of the company's strategic initiatives [1] Market Dynamics - The Hong Kong and overseas markets emerged as the primary growth drivers, with sales reaching 15,725 vehicles, accounting for 51.3% of total sales [1] - Domestic market sales remained stable, totaling 14,941 vehicles, which represents 48.7% of total sales [1] Financial Adjustments - Excluding non-recurring losses related to store closures amounting to RMB 32.5 million, the adjusted net profit for the company would be RMB 20.7 million, a significant turnaround from a loss of RMB 76.3 million in the same period of 2024, reflecting an increase of approximately RMB 97 million [1]