Core Viewpoint - The company, Xiehe New Energy (00182), has received a listing eligibility letter from the Singapore Exchange regarding its proposed secondary listing, which is not an indication of the value of the company or its shares [1] Group 1 - The proposed secondary listing will not involve the issuance of new shares or any fundraising activities [1] - The company's issued ordinary shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange [1]

Group 1 - GBM Resources plans to pursue a secondary listing in Hong Kong to expand its investor base and enhance its international presence [1] - The company aims to leverage the strong demand for gold investments in the region and showcase its development to a broader audience [1] - GBM Resources has a total market capitalization of approximately AUD 149 million (around HKD 751 million) as of November 18 [1] Group 2 - GBM Resources has signed a Memorandum of Understanding (MOU) with its largest shareholder, Wise Walkers Limited (WWL), to facilitate the secondary listing process [2] - WWL will cover all listing-related expenses, which will be reimbursed only after the successful secondary listing of GBM Resources [2] - The MOU is valid for 18 months and can be automatically extended for an additional 6 months if the listing process is initiated [2]

Core Viewpoint - GBM Resources plans to pursue a secondary listing in Hong Kong to expand its investor base, achieve valuation premiums, and enhance its international presence [1][2] Group 1: Company Overview - GBM Resources is an Australian mining company based in Queensland, focusing on the exploration and development of gold and copper mines [1] - The company holds a high-quality project portfolio in the Drummond Basin, including flagship projects Twin Hills, Yanda, and Mt Coolon, with a total of approximately 1.84 million ounces of JORC-compliant gold resources [1] - As of November 18, GBM Resources has a total market capitalization of approximately AUD 149 million (around HKD 751 million) [1] Group 2: Listing Plans - GBM Resources has signed a Memorandum of Understanding (MOU) with its largest shareholder, Wise Walkers Limited (WWL), to facilitate the secondary listing process on the Hong Kong Stock Exchange [2] - WWL will cover all listing-related expenses, which will be reimbursed only after the successful secondary listing of GBM Resources [2] - The MOU is valid for 18 months and will automatically extend for an additional 6 months if the listing process is initiated [2] Group 3: Shareholder Relations - WWL holds a 20% stake in GBM Resources, and its chairman, Lu Hang, was appointed as a non-executive director of GBM in August [2] - WWL is a family office originating from Hong Kong and headquartered in Melbourne, with investments spanning property, agriculture, and resources [2] - Another shareholder, Hong Kong Masun International Energy Industry Group, holds a 7.26% stake in the company [2]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) is recognized as a major global financial center, known for its market-oriented, international, and flexible IPO listing system, which attracts various types of enterprises for financing [2][4]. Group 1: Participants in IPO - The IPO process at HKEX involves multiple stakeholders, including regulatory bodies, issuers, sponsors, underwriters, and intermediary institutions [2]. - Key participants include: - Regulatory bodies such as the Hong Kong Securities and Futures Commission (SFC) overseeing market fairness and intermediary behavior [2]. - Issuers, which are companies seeking to go public and must meet HKEX listing requirements [2]. - Sponsors, who are licensed brokers responsible for due diligence and compliance [2]. - Underwriters, typically major international investment banks or Chinese brokers, handling share sales and pricing [2]. Group 2: Types of Issuance Structures - HKEX supports diverse listing structures to meet different enterprise needs, including: - H-shares for domestic companies listed overseas [2]. - Red-chip companies for foreign-registered firms with primary operations in mainland China [2]. - Weighted Voting Rights (WVR) structures allowing certain shareholders enhanced voting power [2][5]. - The introduction of Chapter 18A allows unprofitable biotech companies to list under specific conditions, focusing on R&D investment and clinical trial progress [5]. Group 3: Core Process of IPO - The typical IPO process at HKEX spans 6-12 months, with key stages including: - Preliminary preparation (3-6 months) [3]. - Submission and hearing (3-4 months) [3]. - Roadshow and pricing (1-2 weeks) [3]. - Issuance and listing (within 1 week) [3]. Group 4: Post-Issuance Regulation and Lock-Up Period - Post-issuance, companies must adhere to continuous disclosure requirements and face lock-up periods for major shareholders [6]. - Lock-up periods typically last 6 months for controlling shareholders and executives, with potential extensions [6]. - Price stabilization mechanisms may be employed by underwriters within 30 days post-listing to mitigate stock price volatility [6].

本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 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，並表明概不就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。 本公司已按保密基準向新交所遞交建議第二上市之上市申請。截至本公告日期，本公司 尚未自新交所接獲建議第二上市之上市資格函（「上市資格函」）。 於二零二五年六月二十四日，本公司接獲中國證券監督管理委員會（「中國證監會」） 就建議第二上市發出之境外發行上市備案通知書。 董事相信，完成建議第二上市後，將使本公司能夠進入新加坡證券市場。預期此舉將加 強本集團於該市場之地位，並提升本公司的全球知名度，從而助力國際業務拓展。儘管 建議第二上市不會涉及在新加坡進行任何股權籌資，惟本公司預計建議第二上市將擴闊 其股東基礎，及開闢未來額外籌資渠道。長遠而言，預期這將推廣本公司之企業形象及 提升其證券之流動性。 本公司將於必要時根據適用法律及法規就建議第二上市作出進一步公告。 建議於新加坡交易所作第二上市 China Medical System Holding ...

Core Viewpoint - EHang Intelligent, a producer of electric vertical takeoff and landing (eVTOL) aircraft, is considering a secondary listing outside of the United States [1] Group 1 - The Chief Financial Officer, Conor Yang, stated that the company is actively exploring various options for listing outside of the U.S. [1]