Group 1 - MSCI China Index has added 14 new stocks including Horizon Robotics, Laopu Gold, and Sanofi Pasteur, while 19 Hong Kong stocks including Yaoshi Bang and Maifushi have been included in the MSCI China Small Cap Index, effective after market close on August 26 [1] - The MSCI China Small Cap Index tracks the performance of small-cap stocks in China and provides investors with a tool to invest in high-growth small and medium-sized enterprises, which typically have higher growth potential but lower market capitalization and liquidity [1] - The index is known for its strict selection criteria and frequent adjustments, making it a reference for many international investment institutions, with index funds and passive funds likely to see increased inflows following the inclusion of new stocks [1] Group 2 - Yaoshi Bang's inclusion in the MSCI China Small Cap Index is a recognition of the company's operational performance and growth potential, which will help broaden its investor base and enhance liquidity [2] - The company expects a net profit of no less than RMB 70 million for the first half of the year, more than 3.2 times that of the same period last year, despite challenges in the pharmaceutical distribution market [2] - Yaoshi Bang has achieved significant coverage, reaching 98.9% of counties and 91.2% of townships in China, with 491,000 pharmacy users and 330,000 grassroots medical institution users, indicating substantial scale effects [2] - The digital pharmaceutical distribution market in China is projected to reach RMB 358.3 billion by 2027, and with the company's focus on private brand business and supply chain optimization, its leading position in the niche market is expected to expand, entering a phase of profit release with significant value potential [2]

Core Viewpoint - Boyaa Interactive (00434) has been included in the MSCI Global Small Cap Index, effective after the market close on August 26, 2025, which is significant for the company as it may attract more international investors and enhance market liquidity [1][1][1] Group 1: MSCI Index Inclusion - The inclusion in the MSCI Global Small Cap Index reflects the market's recognition of the company's positioning and operational strategy [1][1] - The MSCI indices are among the most influential index systems globally, with over $17 trillion in assets tracking them [1][1] - The MSCI Global Small Cap Index aims to measure the performance of small-cap companies with strong performance and growth potential across various capital markets and industries [1][1] Group 2: Impact on the Company - Being part of the MSCI Global Small Cap Index may lead to passive funds, such as ETFs, allocating shares of the company, which could increase the company's international visibility [1][1] - The potential increase in international investor interest is expected to enhance the company's market liquidity and create more value for shareholders [1][1]

博雅互动(00434)发布公告，在摩根士丹利资本国际公司(MSCI)2025年8月指数审议结果中，本公司被纳 入MSCI全球小型股指数(MSCI Global Small Cap Indexes)(MSCI全球小型股指数)成份股，相关调整于 2025年8月26日收市后正式生效。 获纳入MSCI全球小型股指数成份股，对本集团具有重要意义，被纳入MSCI全球小型股指数成份股后， 全球追踪该指数的被动型基金(如ETF)将可能配置该公司股票，这不但反映了市场对本集团的定位及营 运策略的认可，这也将有效提高本集团的国际知名度，吸引更多国际投资者的关注，有助于提升本公司 的市场流动性，为股东创造更多价值。 MSCI公布的各类指数(MSCI指数)是全球最具影响力的指数体系之一，目前全球追踪MSCI指数的资金 已逾17万亿美元。其中，MSCI全球小型股指数由MSCI所编制，旨在衡量全球市场小型股公司的表现， 涵盖各资本市场及行业中具亮丽业绩表现及巨大发展潜力的企业。MSCI指数为全球投资经理广泛使用 的投资基准之一，MSCI指数成份股的变动可能对机构投资者调整或优化投资组合的决策具有一定影响 力。 ...

Core Viewpoint - The company, Boya Interactive, has been included in the MSCI Global Small Cap Index, effective after the market closes on August 26, 2025, which is a significant recognition of its market positioning and operational strategy [1][2]. Group 1 - The inclusion in the MSCI Global Small Cap Index is expected to lead to passive funds, such as ETFs, allocating shares of the company, thereby enhancing its international visibility and attracting more global investors [2]. - The MSCI indices are among the most influential index systems globally, with over $17 trillion in assets tracking these indices, indicating the potential impact on institutional investors' portfolio adjustments [1]. - The MSCI Global Small Cap Index aims to measure the performance of small-cap companies with strong performance and significant growth potential across various capital markets and industries [1].

Group 1: MSCI Index Adjustment Overview - MSCI announced its index adjustment results for August 2025, with significant changes in the Greater China region, adding 14 stocks and removing 17 stocks [1][13] - The adjustment is expected to influence the flow of trillions of dollars in global "smart money," as many funds and index products track MSCI indices [1][3] Group 2: Importance of MSCI Index - MSCI, established in 1968, is one of the three major global index providers, with its flagship MSCI ACWI index covering 2,524 stocks from 23 developed and 24 emerging markets, representing about 85% of the global investable stock market [2] - As of July 31, 2025, the MSCI ACWI index had a market capitalization of $85.16 trillion, with a significant amount of funds tracking it, indicating that even a small percentage of fund movement can result in substantial financial implications [3] Group 3: Performance of Emerging Markets - Emerging markets have shown a resurgence, with an annualized return of 9.80% since December 31, 1987, outperforming the average return of 8.55% for the MSCI ACWI index [4] - Year-to-date returns for emerging markets reached 17.90%, compared to 11.19% for developed markets, indicating a strong performance in the first half of the year [5] Group 4: Composition of MSCI ACWI Index - The top ten constituents of the MSCI ACWI index are predominantly U.S. companies, with a combined weight of 23.94% and a total adjusted market capitalization of $20.39 trillion [7] - The largest sector in the index is Information Technology, accounting for 26.63% of the total weight, followed by Financials at 17.68% [7] Group 5: New Additions and Removals - A total of 42 stocks were added to the index, while 56 stocks were removed, with significant changes in Chinese mainland and Hong Kong stocks [11][13] - Notable new additions include major companies like CITIC Bank and various high-performing stocks from different sectors, indicating a shift in market focus [12][14] Group 6: Implications for Companies - The inclusion in the MSCI index presents a significant opportunity for newly added companies to attract international capital and resources, while removed companies may need to reassess their market competitiveness [17] - The adjustments reflect the dynamic nature of global capital markets and provide investors with a chance to reevaluate their investment strategies [17]

MSCI指数是全球最具影响力的指数体系之一，目前全球追踪MSCI指数的资金已逾17万亿美元。其中， MSCI全球小型股指数由MSCI所编制，旨在衡量全球市场小型股板块的表现，涵盖众多具有优质业务表 现和竞争潜力的公司，被专业国际投资机构广泛参考。 分析指出，本次元征科技被纳入MSCI全球小型股指数后，全球跟踪该指数的被动型基金(如ETF)将配置 该公司股票，直接带来增量资金买入，优化股东结构。此外，国际机构投资者对MSCI成分股关注度显 著提升，将吸引主动管理型资金流入该公司股票，提升市场活跃度，增强投资者信心。 8月8日，根据MSCI最新公布的2025年8月指数季度评审结果，元征科技(02488)成功被纳入MSCI全球小 型股指数(MSCI Global Small Cap Indexes)成分股，相关调整将于8月26日收市后正式生效。 ...