Core Viewpoint - The announcement indicates that the stabilization period for the global offering of 旺山旺水-B (02630) has ended as of December 3, 2025, with no excess allocation of H-shares during the international offering [1] Group 1 - The stabilization period concluded on December 3, 2025, which is 30 days after the deadline for submitting the Hong Kong public offering application [1] - There were no stabilization actions taken by the stabilizing agent or any person acting on its behalf during the stabilization period [1] - The sponsor and overall coordinator did not exercise the over-allotment option, which has now lapsed as of December 3, 2025 [1]

Core Viewpoint - The Federal Reserve Chairman Jerome Powell emphasized that the best approach to support housing is to stabilize prices and ensure full employment [1] Group 1 - The focus on stabilizing prices is crucial for the housing market [1] - Full employment is highlighted as a key factor in supporting housing stability [1]