Core Viewpoint - The company has entered into a strategic cooperation memorandum with Mingzhi Medical Technology (Shanghai) Co., Ltd. to integrate core resources using artificial intelligence technology, focusing on real-world research in oncology and innovation in traditional Chinese medicine [1][2] Group 1: Strategic Cooperation - The memorandum aims to promote deep integration and industrial upgrading of "medical + technology + scenarios" [1] - The collaboration will leverage Mingzhi Medical's technological and resource advantages to support the company's transition from traditional property and asset management to a digital AI healthcare service enterprise [1] - Specific cooperation directions include building a digital marketing management system for pharmaceutical companies and a collaborative platform for digital clinical trials [1] Group 2: Business Diversification - The company operates two reportable segments: property management and property development and investment, with operations in China, the United States, and the United Kingdom [2] - The strategic cooperation is expected to enhance the company's financial performance and profitability, aligning with the overall interests of the company and its shareholders [2] - The company is actively seeking business diversification to broaden its revenue sources and improve shareholder returns [2]

Core Viewpoint - Le Shi International Holdings (01529) has announced a construction agreement for the Jiangxi Le Lao Hao Traditional Chinese Medicine Logistics Industrial Park project, aimed at enhancing the quality of storage services for traditional Chinese medicine products [1] Group 1: Project Details - The construction contract was signed on January 23, 2026, between Jiangxi Le Lao Hao Traditional Chinese Medicine Industry Technology Development Co., Ltd. (the owner) and Fuzhou Chuanghong Construction Engineering Co., Ltd. (the contractor) [1] - The project will be located in the Dongxiang District of Fuzhou City, Jiangxi Province, China, specifically south of Chuangye Avenue and west of Anshi Mingzhu [1] Group 2: Strategic Importance - The logistics industrial park will not only serve the storage and distribution of traditional Chinese medicine but will also support other business segments of the group, including healthcare and wellness [1] - The board believes that this strategic initiative will diversify the company's operations, support long-term development, and enhance shareholder profitability and returns [1]

Core Viewpoint - Le Shi International Holdings (01529.HK) has announced a construction contract for a Traditional Chinese Medicine logistics industrial park in Jiangxi Province, aiming to enhance the quality of storage services for TCM products and support long-term growth and shareholder returns [1]. Group 1 - The company has entered into a construction agreement with Fuzhou Chuanghong Construction Engineering Co., Ltd. for the development of the Jiangxi Le Lao Hao TCM Logistics Industrial Park [1]. - The project will be located in the Dongxiang District of Fuzhou City, Jiangxi Province, specifically south of Chuangye Avenue and west of Anshi Mingzhu [1]. - The logistics industrial park will serve various business segments of the group, including TCM storage, distribution, healthcare, and wellness, thereby expanding market opportunities [1]. Group 2 - The board believes that this strategic initiative will support the diversification of the group's business and enhance long-term development [1]. - The project is expected to improve shareholder profitability and returns through the enhancement of service quality in TCM product logistics [1].

Core Viewpoint - Le Shi International Holdings (01529) has announced a construction agreement for the Jiangxi Le Lao Hao Traditional Chinese Medicine Logistics Industrial Park project, aimed at enhancing the quality of storage services for traditional Chinese medicine products [1] Group 1: Project Details - The construction contract was signed on January 23, 2026, between Jiangxi Le Lao Hao Traditional Chinese Medicine Industry Technology Development Co., Ltd. (the owner) and Fuzhou Chuanghong Construction Engineering Co., Ltd. (the contractor) [1] - The project will be located in the Dongxiang District of Fuzhou City, Jiangxi Province, China, specifically south of Chuangye Avenue and west of Anshi Mingzhu [1] Group 2: Strategic Importance - The logistics industrial park will not only serve the storage and distribution of traditional Chinese medicine but will also support other business segments of the group, including healthcare and wellness [1] - The board believes that this strategic initiative will diversify the company's operations, support long-term development, and enhance shareholder profitability and returns [1]

Core Viewpoint - The company, Junyu Foundation (01757), is expanding its business operations into the financial services sector, aiming to diversify its revenue sources and enhance shareholder value [1] Group 1: Company Overview - Junyu Foundation is primarily engaged in providing foundation engineering services in Hong Kong, including excavation, lateral support works, cap construction and demolition, underground drainage, earthworks, and structural reinforcement services [1] - The company also rents machinery to third-party construction firms [1] Group 2: New Business Development - The company intends to develop new business activities in the financial services sector, focusing on regulated activities under Class 1 (securities trading), Class 4 (advising on securities), Class 9 (asset management), and trust services [1] - The board believes that the strong macro support from government policies will bolster the prospects of the financial services industry in Hong Kong [1] Group 3: Strategic Expansion - The board views the initiation of this new business as a strategic expansion of the company's operations, aimed at diversifying income sources and seizing new market opportunities within the financial services sector [1] - This development is expected to align with the overall interests of the company and its shareholders [1]

Core Viewpoint - The company, Junyu Foundation (01757.HK), is expanding its business into the financial services sector, aiming to diversify its revenue sources and enhance shareholder value [1] Group 1: Company Overview - Junyu Foundation is primarily engaged in providing foundation engineering services in Hong Kong, including excavation, lateral support works, cap construction and demolition, underground drainage, earthworks, and structural reinforcement services [1] - The company also rents machinery to third-party construction firms [1] Group 2: New Business Development - The company intends to develop new business activities in the financial services sector, focusing on regulated activities under Class 1 (securities trading), Class 4 (advising on securities), Class 9 (asset management), and trust services [1] - The board believes that the macro support from government policies indicates a strong outlook for the financial services industry in Hong Kong [1] - This strategic expansion into financial services is seen as a way to diversify income sources and seize new market opportunities within the financial sector [1]

Group 1 - The core viewpoint of the article is that Junyu Foundation (01757) is expanding its business operations into the financial services sector, aiming to diversify its revenue sources and enhance shareholder value [1] Group 2 - The company primarily operates as a subcontractor in Hong Kong, providing foundation engineering services, including excavation, lateral support works, demolition, underground drainage, earthworks, and structural reinforcement services [1] - In addition to its core services, the company also rents machinery to third-party construction firms [1] - The board of directors is actively seeking to improve the company's operational and financial status by introducing new business lines [1] Group 3 - The new business will focus on regulated activities under Class 1 (securities trading), Class 4 (advising on securities), Class 9 (asset management), and trust services [1] - The board believes that the macro support from government policies indicates a strong outlook for the financial services industry in Hong Kong [1] - The expansion into financial services is seen as a strategic move to diversify income sources and seize new market opportunities within the financial sector [1]

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之內容概不 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之任何損失承擔任何責 任。 Afuent Foundation Holdings Limited 俊裕地基集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1757） 自願公告 開展新業務 周振林 香 港，二 零 二 六 年 一 月 二 十 二 日 於 本 公 告 日 期，董 事 局 包 括 執 行 董 事 周 振 林 先 生，非 執 行 董 事 張 章 女 士 以 及 獨 立 非 執 行 董 事 鄭 承 欣 女 士、蔡 志 熙 先 生 及 周 文 灿 女 士。 – 1 – 董 事 局 謹 此 強 調，於 本 公 告 日 期，新 業 務 未 必 會 進 行，且 本 集 團 並 無 就 新 業 務 訂 立 任 何 具 法 律 約 束 力 的 協 議。倘 新 業 務 得 以 落 實，本 公 司 將 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 ...

Core Viewpoint - Larsen & Toubro (L&T) has secured a significant EPC contract from Petronet LNG to construct advanced storage and handling facilities at the Dahej petrochemical complex in Gujarat, marking a strategic move to address the domestic polypropylene supply-demand gap [1] Group 1: Project Details - The project includes the construction of a 170,000 cubic meter LNG/ethane double-wall tank and a 140,000 cubic meter propane double-wall tank [1] - L&T will also provide processing and delivery facilities for ethane and propane to support the propane dehydrogenation (PDH) and polypropylene units within the complex [1] Group 2: Company Strategy - Petronet LNG, India's largest LNG importer, is diversifying its business strategy since 2021, with this investment of 206.8 billion rupees (approximately 2.2 billion USD) being a crucial step in extending its value chain downstream [1] - The Dahej petrochemical complex is planned to have an annual production capacity of 750,000 tons of PDH and 500,000 tons of polypropylene [1]

Core Insights - The core business of the internet medical beauty platform, SoYoung, is struggling, with record high losses and continuous attempts at cross-industry transformation failing to reverse the downward trend in performance [1][10][11] Business Performance - In 2024, SoYoung's revenue from its core information and booking services decreased by 19.3% year-on-year to 9.29 billion yuan, accounting for 63.4% of total revenue, down from 76.8% in 2023 [4][12] - The company reported a total revenue of 14.67 billion yuan in 2024, a decline of 2.1% year-on-year, with a net loss of 5.87 billion yuan, the highest in four years [11][12] - For the first three quarters of 2025, revenue from information and booking services continued to decline, with year-on-year decreases of 34.1%, 35.6%, and 34.5% respectively [4][12] Business Diversification - SoYoung has attempted to diversify its business by expanding into medical beauty equipment, exclusive agency for hyaluronic acid, and opening medical beauty institutions, but these efforts have not improved profitability [5][13] - The newly launched light medical beauty chain, "SoYoung Youth Clinic," aims to provide affordable and accessible anti-aging solutions, marking a significant shift in the company's revenue structure [6][15] Revenue Growth in New Segments - The light medical beauty service segment has shown significant growth, with revenue increasing by 305% year-on-year to 1.84 billion yuan in Q3 2025, accounting for approximately 47.5% of total revenue [1][15] - The self-operated medical beauty services have become the largest source of income for SoYoung, surpassing traditional online information and booking services for the first time in Q2 2025 [7][15] Pricing Strategy and Risks - SoYoung's low-price strategy has rapidly opened up the market but poses significant risks to sustainable profitability, leading to strained relationships with upstream suppliers and potential supply disruptions [2][8][17] - The company's aggressive pricing has resulted in a drastic reduction in customer spending per transaction while fixed costs remain high, putting pressure on overall profit margins [17] - The shift to a heavy asset model by opening medical beauty institutions requires substantial upfront investment, which may exacerbate financial pressures amid declining core business revenues [17]