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分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 YEAHKA LIMITED 移卡有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9923） 自願性公告 業務發展 • 我們海外業務的交易量保持高速增長，本季度海外支付交易量(GPV)已接近 人民幣13億元，超越去年全年海外GPV約人民幣11億元，比今年第二季度的 人民幣8億元上升約50%； • 海外的商戶行業組合進一步多元化，涵蓋教育、服裝、美業等服務提供商； • 我們一站式的支付及增值服務產品線繼續賦能國際客戶，並通過投資企業 富匙科技擴大服務範圍，為Playmade、珍寶(Jumbo)及士林台灣小吃(Shihlin Taiwan Street Snacks)於多個亞洲地區提供服務。 國內商戶及合作夥伴體系更加全面，推動持續性盈利增長 本公告乃移卡有限公司（「本公司」，連同其附屬公司，統稱「本集團」）自願刊發， 以告知本公司股東及潛在投資者有關本集團最新發展。 二零二五年第三季度（「本季度」 ...

Core Insights - Vivo has launched an innovative one-stop service for users to exchange old devices for new ones, addressing key pain points in the device upgrade process [1][3][9] Group 1: User Experience Enhancement - The collaboration between Vivo and SF Express aims to create a seamless experience for users, focusing on convenience, transparency, and security in the device exchange process [1][3] - The "Shunhuishou" service has been upgraded to integrate Vivo's "Value Exchange" plan, effectively addressing issues such as opaque pricing and long reimbursement cycles [3][5] Group 2: Service Efficiency - The new service allows for a rapid exchange process, with the potential for users to receive their new devices within one hour, significantly reducing the traditional 3-5 day wait time [7] - Users can initiate the exchange through the Vivo app, which has over 200 million active users, facilitating a direct connection between the brand and consumers [5][9] Group 3: Financial Accessibility - The "Value Exchange" plan allows users to pay an additional fee of 299 yuan when purchasing a new device, enabling them to receive a discount of 70%-80% on the new device price if their old device meets the condition of being at least 90% new [7] - The service also includes measures to protect user privacy during the exchange process, ensuring that old devices are securely wiped before being resold or recycled [7][9]

Core Viewpoint - The company, Xicet Testing, has established a strong competitive advantage in providing high-reliability product services for the aerospace sector, particularly in space products testing and verification services [2] Group 1: Company Capabilities - The company has developed comprehensive capabilities across the entire service chain, including electrical assembly, component testing and selection, environmental and reliability testing, and electromagnetic compatibility testing [2] - It has achieved a one-stop service capability that encompasses component procurement and testing, large-scale production manufacturing, fault analysis, and industry-leading qualifications [2] Group 2: Market Strategy - The company is actively expanding its customer base and enhancing market presence while increasing production capacity [2] - The focus on providing high-quality, low-cost, and efficient one-stop services is aimed at solidifying its foundation in the commercial aerospace sector [2]

2025年年终消费季临近，深圳将迎来一场聚焦"家庭建设"与"婚庆筹备"的双展联动盛宴。11月28日至30 日，第36届深圳名品家博会率先在福田会展中心开幕；11月29日至30日，第42届粤港澳大湾区（深圳） 婚博会将同期联展。由深圳市世纪东方会展有限公司主办的两大展会，将以"一站式"服务模式，整合近 400家品牌资源，为大湾区市民打造高效采购场景，助力年终消费市场升温。 双展覆盖全产业链，瞄准"家·爱"核心需求 相邻设展+沉浸体验，降低消费成本提升参展效率 本次双展采用"相邻设展"模式，家博会与婚博会展区紧邻，消费者可在同一时段、同一展馆内完成家装 采购与婚庆筹备，大幅降低时间成本与决策成本。 为增强消费体验，参展品牌均突破传统"产品展示"模式，转向"生活方式解决方案提供者"定位。通过场 景化布置（如模拟家装样板间、婚礼现场还原）、沉浸式体验（如家电智能交互演示、婚纱试穿体验） 等形式，让消费者直观感受产品与服务的实际效果，提前描绘"未来家"与"理想婚礼"的蓝图。 业内分析指出，此次双展联动不仅将直接拉动家居、婚庆等大宗消费，其辐射效应还将惠及设计、金融 （消费信贷）、物流、文旅（蜜月旅行）等关联产业，为20 ...

"从办理签证到注册公司，再到申请居留许可延期，全程都有专人指导，很贴心。"11月11日上午， 在西咸移民事务服务中心办完签证业务，陕西韦泰克达国际贸易有限公司负责人卡利姆·乌拉赞不绝 口。 同样感受到服务便捷、高效的，还有摩洛哥籍教师阿里。他已经在西咸新区从事教育工作8年。 "这里的办事效率非常高，原来需要半小时才能办好的业务现在不到15分钟就能搞定。"阿里拿着刚 取回的护照，高兴地说。因为服务的"升级"，这次除了拿回签证，他还顺便咨询了学历公证等相关业 务。工作人员的答复让他很满意。 另外，西咸移民事务服务中心还引入了社会化服务资源与特色功能区域：中国银行窗口可办理账户 开立、货币兑换业务；中国移动窗口可办理电话卡，开通"全球漫游"；支付宝窗口提供"外卡内用"便利 旅游消费；"陕西好礼"专区展销本地特色产品与科创成果，助力陕企出海与国际交流；外籍专家书屋通 过各类书籍让外籍人才深入了解中国文化，促进文化融合…… "西咸移民事务服务中心为外籍人才提供了高效、便捷的服务保障，更搭建起人才集聚、产业对 接、投资贸易、文化交流的桥梁。"西咸新区社会事业服务局副局长赵宏庆表示，西咸新区将通过"业务 办理+公共服务+社 ...

Core Viewpoint - The company, Lutai A, currently does not have a home textile segment and is not involved in smart wearable products, focusing instead on expanding its market presence in Europe and South America while enhancing its functional fabric and leisure product development [1] Group 1 - The company is collaborating with various stakeholders to maintain stability and further explore international markets [1] - Future plans include strengthening the development of functional fabrics and leisure products [1] - The company aims to leverage its full industry chain advantages and international layout to provide one-stop "fabric and clothing" services, enhancing customer loyalty through joint development [1]

Core Viewpoint - The trend of banks shutting down their mobile applications has gained significant attention, with over 20 banks ceasing operations of certain apps in 2023, indicating a shift towards consolidation and efficiency in the banking sector [1][8]. Group 1: Bank App Shutdowns - Multiple banks have announced the closure of their respective apps, particularly in the credit card and direct banking sectors [2][3]. - China Bank announced in late September that its "Bountiful Life" app will gradually migrate to the China Bank app, leading to the eventual shutdown of the former [4]. - Beijing Bank stated that its direct banking app and website will cease operations on November 12, 2025, with functionalities migrating to the "Jingcai Life" mobile banking app [6]. Group 2: Industry Trends and User Reactions - Since the beginning of 2023, over 20 banks have stopped operating certain apps, with 25 apps, including Minsheng Direct Bank and Kunlun Direct Bank, voluntarily deregistering, covering various financial sectors [8]. - Public sentiment appears supportive of the consolidation, with many users expressing that having one app per bank is sufficient [10]. Group 3: Expert Insights - Industry experts believe that the wave of app shutdowns and consolidations will help banks reduce costs and improve efficiency while enhancing user experience [12]. - Recommendations for banks include optimizing mobile ecosystems, upgrading main apps, integrating credit card functions for a "one-stop" service, and enhancing digital capabilities through AI and big data [12]. - There is an emphasis on exploring diversified services within main apps and ensuring compliance and security during data migration [12].

Core Points - The establishment of the social governance comprehensive management center in Yingkou City aims to provide a one-stop service for resolving grassroots conflicts and addressing public concerns [1][2] - The center integrates various resources, including mediation and legal expertise, to enhance the efficiency of conflict resolution [1] - The center has already processed over 900 public requests since its operation, indicating a focus on both conflict resolution and preventive governance [2] Group 1 - The center was built to improve public safety governance and social governance systems as outlined in the 20th Central Committee's Fourth Plenary Session [1] - It employs a "three-in-one" mechanism of people’s mediation, administrative mediation, and judicial mediation to effectively coordinate resources [1] - The center has established a collaborative framework involving legal experts, lawyers, and psychological consultants to enhance conflict resolution efforts [1] Group 2 - The center aims to implement a digital platform for managing disputes, allowing for online tracking and management of cases [2] - It has introduced a public account for legal consultation, case inquiries, and reporting risks, ensuring comprehensive access to services [2] - The center is committed to improving the standardization and scientific approach to handling public requests, ensuring that every urgent issue can find a solution [2]

Core Insights - The company reported a revenue of 4.3 billion yuan for the first three quarters of 2025, a year-on-year decrease of 12%, with a net profit attributable to shareholders of 20 million yuan, down 50% year-on-year [1] - In Q3, the company achieved a revenue of 1.5 billion yuan, a decline of 9% year-on-year, but net profit attributable to shareholders increased by 68% to 50 million yuan, and the non-recurring net profit rose by 127% to 40 million yuan [1] Revenue Trends - Revenue decline has been moderating, with Q3 showing a smaller decrease compared to previous quarters, attributed to a lower revenue base and significant growth in overseas income [2] - The real estate completion area in 2025 has decreased by 15% year-on-year, impacting demand for construction materials [2] - The company has established nearly 20 overseas warehouses to replicate its domestic sales model, enhancing its international presence [2] Profitability and Cost Management - The gross margin for the first three quarters was approximately 30.3%, down 1.0 percentage points year-on-year, while Q3 gross margin was about 30.1%, down 1.2 percentage points year-on-year [3] - The company’s expense ratio decreased, with a period expense ratio of approximately 26.7% for the first three quarters, down 0.6 percentage points year-on-year, and 24.7% in Q3, down 1.6 percentage points year-on-year [3] - The net profit margin for the first three quarters was approximately 0.4%, down 0.3 percentage points year-on-year, while Q3 net profit margin improved to 3.0%, up 1.4 percentage points year-on-year [3] Investment Strategy and Market Position - The company is transitioning from an expansion phase to an optimization phase, focusing on prudent investment choices to mitigate risks associated with long-term equity investments [4] - The demand for construction hardware remains under pressure, but the company is actively optimizing internal efficiencies and enhancing its service capabilities [4] - The company’s official website has been upgraded to provide comprehensive services, which is a contributing factor to the reduction in expense ratios during the downturn [4] Future Outlook - The company projects a net profit of approximately 70 million yuan and 250 million yuan for 2025 and 2026, respectively, with corresponding valuations of 113 and 32 times [5]

Core Insights - The strategic cooperation agreement between Zhenkunhang Industrial Supermarket (Shanghai) Co., Ltd. and Nippon Paint (China) Co., Ltd. marks the beginning of deep collaboration in industrial supplies procurement and coating solutions [1] - The partnership aims for deep synergy across products, services, and customer value, going beyond a simple supply relationship [1] Group 1: Strategic Cooperation - The full range of high-performance coatings and solutions from Nippon Paint will be integrated into the Zhenkunhang platform, benefiting thousands of manufacturing clients [1] - The collaboration will enhance delivery efficiency by leveraging Zhenkunhang's digital procurement tools and nationwide warehousing and logistics network [1] - A one-stop service model combining products, delivery, and technical guidance will be explored to quickly respond to customer needs [1] Group 2: Market Expansion - Both companies will explore new overseas market opportunities, leveraging Zhenkunhang's platform layout and Nippon Paint's global brand and product advantages [1] - The partnership aims to support Chinese manufacturing enterprises in their overseas operations by providing timely and reliable localized MRO and coating product supplies [1] - Future collaboration will focus on supply chain synergy, data-driven strategies, and overseas market expansion [1]