The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Shenzhen Forms Syntron Information Co., Ltd. 深圳四方精創資訊股份有限公司 (A joint stock company incorporated in the People's Rep ...

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整性亦 不發表任何意見，並明確表示概不就因本申請版本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。 Shenzhen Forms Syntron Information Co., Ltd. 深圳四方精創資訊股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監會」） 的要求而刊發，僅用作向香港公眾人士提供資料。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件， 即代表 閣下知悉、接納並向本公司、其聯席保薦人、聯席整體協調人、顧問及承銷團成員表 示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登 記前，不會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請， 有意投資者務請僅依據本公司於香港公司註冊處處長登記的招股章程作出投資決定，招股章程 的文本將於要約期內向公眾人士提供。 本文件連同本文件 ...

这份报告由金链盟与微众银行、中国信通院、电子标准院、赛迪区块链联合编制，围绕飞梭链孵化出的超600个产 业数字化应用中，甄选出220余项标杆案例，全面总结飞梭链开源八年来的技术演进与生态模式。 微众银行数字金融发展部负责人、金链盟常务副秘书长姚辉亚介绍，报告揭示了区块链技术在深度融合实体经 济、驱动数据基础设施升级、促进跨域可信协作方面的三大趋势，并披露飞梭链生态已汇聚超5000家机构、10万 开发者。 文/北京青年报记者 蔺丽爽 12月23日，北京青年报记者从微众银行了解到，在全国区块链和分布式记账技术标准化技术委员会（TC590）、 微众银行、深圳市金融区块链发展促进会联合主办的"2025区块链国家标准周"活动上，《2025飞梭链（FISCO BCOS）产业应用发展报告》正式发布。 微众银行自2015年起布局区块链，并于2017年牵头金链盟开源工作组推出国产区块链底层平台——飞梭链FISCO BCOS，迄今已八载。 ...

作为国家标准周系列活动之一，本次大会汇聚了产、学、研、用各界代表，共同回顾了中国区块链产业八年发展历程，展示了以飞梭链为核心的开源生 态在服务实体经济、构建可信基础设施、促进区域互联互通方面的扎实成果。 12月19日，由全国区块链和分布式记账技术标准化技术委员会（TC590）、微众银行、深圳市金融区块链发展促进会（简称"金链盟"）联合主办 的"2025区块链国家标准周暨飞梭链FISCO BCOS开源八周年嘉年华"在深圳"前海5号楼"举行。 深度依托前海在跨境金融、深港联动、开放创新等领域的战略优势，微众银行根植于前海这片金融科技发展沃土，始终以科技为核心发展引擎，自2015 年起布局区块链，并于2017年牵头金链盟开源工作组推出国产区块链底层平台——飞梭链FISCO BCOS，迄今已持续深耕八载。 在促进跨区域乃至国际互联互通方面，飞梭链生态展现出显著价值。在应用方面，微众银行跨境科技团队负责人叶林松与国家（深圳·前海）新型互联 网交换中心市场部部长陈一家，介绍了"深圳-新加坡数据跨境验证平台"的实践，其为安全、高效的国际数据流动提供了中国范式。在技术方面，飞梭链已 全面兼容国内外主流软硬件，具备灵活的全球化 ...

格隆汇12月23日丨中科软(603927.SH)在互动平台表示，作为AI技术的应用方和整合方，公司专注于将 AI能力与行业场景深度结合。中科软依托其接近30年的行业应用软件的深厚积累，尤其是多年以来在 保险、医疗卫生领域的领先地位，精准卡位从传统"记录型软件"向AI时代"约束型软件"转型的战略机 遇。在B端的AI落地中，对数据的深刻理解与治理能力是中科软作为行业头部ISV的核心护城河。中科 软具有以蓝图数据结构为纲的多源异构数据管理体系，能够快速构建有助于提升垂直AIGC模型效果的 高质量数据集，可为AI应用提供精准的"燃料"，形成了在行业专识数据层面的核心优势。在技术落地方 面，中科软以MaaS平台为核心底座，打造连接算力调度、数据治理、模型训练、实时推理的智能中 枢，支撑模型纳管及智能体应用开发的实施落地。在此之上，开发针对核保、理赔、风控等细分领域的 智能体，实现业务流程从被动记录到主动管理与运筹调度的跨越。未来，中科软将从一个"软件代码交 付者"进化为"行业智能决策能力的提供者"，帮助B端客户实现大模型技术在行业落地的"最后一公里"。 公司围绕区块链的数据架构、隐私保护等核心关键技术形成了相关的专利和 ...

Core Viewpoint - Zhongke Soft (603927.SH) focuses on integrating AI capabilities with industry scenarios, leveraging nearly 30 years of experience in industry application software, particularly in insurance and healthcare sectors, to transition from traditional "recording software" to "constraint software" in the AI era [1] Group 1: AI Integration and Industry Position - The company emphasizes its deep understanding and governance of data as a core competitive advantage in the B-end AI implementation [1] - Zhongke Soft has developed a multi-source heterogeneous data management system based on blueprint data structure, enabling the rapid construction of high-quality datasets that enhance vertical AIGC model performance [1] - The company aims to evolve from a "software code provider" to a "provider of industry intelligent decision-making capabilities," assisting B-end clients in achieving the final mile of large model technology implementation [1] Group 2: Technological Infrastructure and Applications - Zhongke Soft's core platform, MaaS, serves as an intelligent hub connecting computing power scheduling, data governance, model training, and real-time inference [1] - The company is developing intelligent agents for specific areas such as underwriting, claims, and risk control, facilitating a shift from passive record-keeping to proactive management and operational scheduling [1] - The company has established patents and standards around blockchain data architecture and privacy protection, successfully assisting clients in applying blockchain products and technologies in reinsurance transactions [1]

Group 1 - JPMorgan Chase is considering offering cryptocurrency trading services to institutional clients, highlighting the increasing involvement of Wall Street banks in the digital asset space [1] - The bank is conducting a comprehensive evaluation of its market operations to explore potential services, which may include spot and derivatives trading [1] - Current efforts are in the preliminary exploration stage, with specific plans dependent on sufficient market demand for any particular product [1] Group 2 - If implemented, this initiative would mark a significant milestone in the broader institutional adoption of digital assets, a process that began during the Trump administration's commitment to making the U.S. a "crypto capital" [2] - Competitor Morgan Stanley plans to offer cryptocurrency trading services on its E*Trade platform in partnership with digital asset infrastructure provider Zerohash starting in the first half of 2026 [2] - JPMorgan has been active in the blockchain space, recently facilitating a short-term bond issuance for Galaxy Digital on the Solana blockchain [2] Group 3 - JPMorgan's CEO Jamie Dimon has shown a notable shift in attitude towards cryptocurrencies, previously expressing concerns about their leverage, abuse, and association with terrorism, but now indicating a willingness to allow clients to purchase Bitcoin [2][3] - Dimon has stated that while he does not support cryptocurrency trading, he will defend clients' rights to buy Bitcoin and will include it in their financial statements [3] - The normalization of cryptocurrencies is a gradual process, but recent developments indicate a significant acceleration in this trend [3] Group 4 - The current global cryptocurrency market capitalization is approximately $3.1 trillion, with Bitcoin alone accounting for about $1.8 trillion of that total [3]

4、全资孙公司大连集发环渤海集装箱运输有限公司区块链项目获得网信办第二批备案 5、集团在集装箱码头加强航线市场开发，全年新增10条航线积极融入"一带一路"、国内国际双循环和 辽宁自贸区建设等国家战略，结合自身口岸冷链物流等业务优势，持续深挖东南亚、俄罗斯远东地区等 新兴航区市场潜能和南北运输需求机遇，新增7条东南亚航线，1条远东航线及2条内贸航线，实现对东 南亚区域核心港口的全覆盖，并进一步优化升级相关口岸集装箱航线网络。 来源：新浪证券-红岸工作室 12月23日，辽港股份跌1.23%，成交额1.26亿元，换手率0.42%，总市值379.51亿元。 异动分析 中韩自贸区+航运概念+统一大市场+区块链+中俄贸易概念 1、实控人大连国资委,主营港口业务,大连国资委旗下港口物流业务的统一运作平台目前已拥有近洋航线 70条,是东北地区最大的综合性码头营运商。中韩自贸协定的签订,对大连的货物贸易、服务贸易、引进 韩资、公共服务体系等方面都将产生重要影响。公司作为大连港港口物流业务的统一运作平台，是中国 东北最大的综合性码头营运商，为客户提供油品/液体化工品码头及相关物流业务、集装箱码头及相关 物流业务、汽车码头及相关物 ...

Core Insights - Despite fluctuations in 2025, technology stocks are performing strongly, driven by AI investments, with profit growth rates in technology and communication services approximately four times that of other sectors in the S&P 500 [1] Group 1: Market Dynamics - The demand for data center chips, including both the latest and previous generations of GPUs, is fully utilized, contrasting with the overbuilding seen during the internet bubble [1] - Chip manufacturers are facing severe shortages, limiting growth despite record production levels [1] Group 2: Valuation and Financial Risk - The estimated peak price-to-earnings (P/E) ratio for the MSCI World Technology Index in 2025 is 31 times, which is only half of the P/E ratio before the internet bubble burst in March 2000 [1] - Most capital expenditures until 2026 will be funded by the operating cash flow of technology giants, with projected operating cash flow for the top five capital expenditure companies reaching $700 billion by 2026 [1] Group 3: Future Outlook - Technology stocks are expected to outperform the market in 2026 due to three supporting factors: the evolution of AI focusing on value creation, advancements in various innovative fields, and strong profit growth reducing reliance on P/E expansion [2]

Core Insights - The article emphasizes the potential of Real World Assets (RWA) in transforming traditional industries through blockchain technology, moving beyond the perception of blockchain as merely a speculative tool for cryptocurrencies [1][3]. Group 1: Understanding RWA - RWA refers to the process of digitizing real-world assets such as government bonds, real estate, and receivables, making transactions more efficient and accessible [3]. - The global RWA market is projected to exceed $5 billion by the end of 2024, with major players like BlackRock, JPMorgan, and DBS Bank entering the space [3]. Group 2: RWA's Underlying Logic - The evolution of wealth is tied to the transformation of production relationships, with Web3 enabling individuals to truly "own" digital production assets [6]. - RWA democratizes investment opportunities by allowing fractional ownership of high-value assets, thus enhancing resource allocation efficiency [6]. Group 3: Opportunities for Entrepreneurs - There are three key areas for entrepreneurs to explore within RWA: 1. Digital tools for traditional asset digitization 2. Compliance and structural design services for RWA 3. Cross-scenario intelligent collaboration solutions [8][9][10]. - Startups are successfully creating user-friendly SaaS solutions that simplify blockchain technology for traditional businesses, as evidenced by a Shenzhen company serving over 20 small factories [8]. Group 4: Compliance and Regulatory Framework - Compliance is critical for RWA, with regions like Hong Kong, Singapore, and the UAE serving as testing grounds for regulatory frameworks [9]. - There is a demand for professionals who understand both policy and industry to assist companies in navigating the compliance landscape [9]. Group 5: Practical Steps for Engagement - Companies are advised to build foundational knowledge of RWA, focusing on practical applications rather than speculative investments [12]. - Engaging in small-scale, compliant RWA projects can provide valuable insights into market challenges and opportunities [12]. - Identifying specific roles within the RWA ecosystem, such as industry-specific solutions or compliance services, can lead to successful ventures [12].