Core Viewpoint - The company believes its current stock price is significantly undervalued and aims to enhance market confidence and investment value through share buybacks [1] Group 1: Share Buyback Details - The company has repurchased a total of 2.4878 million ordinary shares as treasury stock from November 6, 2025, to the date of the announcement [1] - The repurchased shares represent approximately 1.10% of the company's existing issued share capital as of the announcement date [1] - The total amount involved in the buyback is approximately HKD 50.75 million, excluding commissions and other expenses [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 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本 公 告 乃 由 江 蘇 荃 信 生 物 醫 藥 股 份 有 限 公 司（「本公司」）自 願 刊 發，以 向 股 東 及 潛 在投資者提供本公司最新的業務發展狀況。 本 公 司 董 事 會（「董事會」）認 為 本 公 司 目 前 股 價 嚴重低估 本 公 司 的 價 值。憑 藉 對 本 公 司 未 來 發 展 前 景 的 充 分 信 心 及 對 本 公 司 內 在 價 值 的 高 度 認 同，為 持 續 增 強 市 場 對本公司的信心並提升本公司的投資價值，根據本公司股東於2025年6月20日舉行 的股東週年大會上 批 准 授 予 本 公 司 董 事（「董 事」）的股份購回授權，本公司已於2025 年11月6日至本公告日期在香港聯合交易所有限公司購回合共2,487,800股普通股作 為庫存股。所購回的股份佔本公司於本公告日期的現有已發行股份總 ...

Core Viewpoint - ZTO Express (02057) announced the issuance of $1.5 billion in notes, with a purchase price of 98.9% of the principal amount, scheduled for February 4, 2026 [1] Group 1: Notes Issuance Details - The company will sell $1.5 billion in notes to initial buyers, with the notes being offered to at least six independent allocators [1] - The notes will be priced at 100% of the principal amount plus any accrued interest from February 9, 2026 [1] - The initial conversion price is approximately $30.9473 per share, representing a 37.5% premium over the closing price of $22.51 per American Depositary Share on February 3, 2026 [1] Group 2: Estimated Proceeds and Share Conversion - The estimated net proceeds from the issuance are approximately $1.4041 billion, with the notes convertible into about 4.84695 million shares [1] - The net price per share for conversion is expected to be around $28.9692, based on the closing price of HKD 179.10 per A-class ordinary share [1] Group 3: Pricing and Share Buyback - The company has entered into capped call transactions with initial buyers, with the premium for these options being approximately $76.95 million, or about 5.1% of the total principal amount of the notes [2] - Concurrently, the company agreed to repurchase approximately 18.2544 million A-class ordinary shares, representing about 2.29% of the shares outstanding as of February 3, 2026, and about 37.66% of the convertible shares [2]

Group 1 - The company, ZTO Express (02057), announced a bond issuance of $1.5 billion at a purchase price of 98.9% of the principal amount, with the initial buyers agreeing to purchase the bonds under certain conditions [1] - The initial conversion price is approximately $30.9473 per share, representing a premium of about 37.5% over the closing price of $22.51 per American Depositary Share on the NYSE on February 3, 2026 [2] - The estimated net proceeds from the bond issuance are approximately $1.404 billion, with the bonds convertible into about 4.84695 million shares, leading to a net price per share of approximately $28.9692 [2] Group 2 - Concurrently with the bond pricing, the company agreed to repurchase approximately 18.2544 million Class A ordinary shares, representing about 2.29% of the total shares outstanding as of February 3, 2026, and about 37.66% of the convertible shares [3]

Summary of Key Points Core Viewpoint - China Communications Construction Company (CCCC) has shown a positive stock performance with a closing price of 8.19 RMB, reflecting a 1.24% increase from the previous trading day, indicating investor confidence in the company's market position and future prospects [1]. Group 1: Stock Performance - As of February 4, 2026, CCCC's stock closed at 8.19 RMB, up 1.24% from the previous day [1]. - The stock opened at 8.07 RMB, reached a high of 8.20 RMB, and a low of 8.04 RMB during the trading session [1]. - The total market capitalization of CCCC is reported at 133.29 billion RMB [1]. Group 2: Share Buyback Activity - CCCC confirmed that as of February 3, 2026, it has issued a total of 11,856,168,225 A-shares, with no treasury shares held [1]. - The company has been actively repurchasing shares from September 2025 to February 2026, with a total of 1,260,300 shares repurchased on February 3, 2026, at an average price of 8.0526 RMB per share [1]. - The total expenditure for the share buyback on February 3, 2026, amounted to 10,148,746 RMB, and the company plans to cancel all repurchased shares [1].

Core Viewpoint - The company plans to issue $1.5 billion of convertible preferred notes due in 2031 to qualified institutional buyers outside the U.S. to refinance and repurchase its Class A common shares and/or American Depositary Shares, depending on market conditions and applicable laws [1] Group 1: Notes Issuance - The company intends to use the net proceeds from the notes issuance for refinancing, funding share repurchase plans, and other general corporate purposes [1] - The pricing of the notes is expected to involve a capped call transaction with one or more initial buyers, which may reduce potential dilution of Class A common shares upon conversion [2][3] - The company may engage in various derivative transactions related to its securities to modify its hedging positions, which could impact the market prices of its shares and notes [3] Group 2: Share Repurchase - The company plans to conduct a simultaneous share repurchase to facilitate initial hedging for note buyers, which is expected to mitigate negative stock price impacts typically observed after announcing the issuance of convertible notes [4][5] - The share repurchase will be conducted under the existing share repurchase plan, effective until June 30, 2026, with the purchase price based on the closing price of Class A common shares on February 4, 2026 [4] - The board believes that the repurchase activity reflects confidence in the company's long-term strategy and growth, aligning with the best interests of the company and its shareholders [6]

Core Viewpoint - The company plans to repurchase shares using up to HKD 150 million in the open market, depending on market conditions, until the repurchase authorization expires [1] Group 1: Share Repurchase Plan - The board of directors intends to utilize the share repurchase authorization [1] - The repurchase will be funded through the company's internal financial resources [1] - All repurchased shares will be canceled after settlement in accordance with applicable rules and regulations [1]

Core Viewpoint - Sunny Optical Technology (02382.HK) announced a share buyback of 15.84 million ordinary shares, representing approximately 1.447% of the total issued shares as of the announcement date [1] Group 1: Share Buyback Details - The buyback will occur from January 8, 2026, to January 28, 2026, under the general authorization granted by shareholders at the annual general meeting on May 27, 2025 [1] - The total amount involved in the buyback is approximately HKD 1.016 billion, excluding commissions and other expenses, with an average price of about HKD 64.1099 per share [1] - The company is authorized to repurchase up to 109 million shares, which is 10% of the total issued shares as of the annual general meeting date [1] Group 2: Purpose and Outlook - The buyback will be funded through the company's internal resources and the repurchased shares will be held as treasury shares for employee incentive plans [1] - The board believes that the share buyback reflects the company's confidence in its business outlook and will ultimately benefit the company and its shareholders [1]

Group 1 - The company, Sunny Optical Technology (02382), announced a share buyback of 15.84 million ordinary shares, representing approximately 1.447% of the total issued shares as of the announcement date [1] - The total amount involved in the share buyback is approximately HKD 1.016 billion, excluding commissions and other expenses, with an average price of about HKD 64.1099 per share [1] - The share buyback is conducted under the buyback authorization, which allows the company to repurchase up to 109,480,480 shares, equivalent to 10% of the total issued shares as of the annual general meeting date [1]

Core Viewpoint - Sunny Optical Technology (02382) announced a share buyback of 15.84 million ordinary shares, representing approximately 1.447% of the total issued shares as of the announcement date [1] Group 1: Share Buyback Details - The share buyback will occur between January 8, 2026, and January 28, 2026 [1] - The total amount involved in the share buyback is approximately HKD 1.016 billion, excluding commissions and other expenses [1] - The average price for the shares repurchased is approximately HKD 64.1099 per share [1] Group 2: Buyback Authorization - The share buyback is conducted under the buyback authorization [1] - Under this authorization, the company is allowed to repurchase up to 109,480,480 shares, which is equivalent to 10% of the total issued shares as of the annual general meeting date [1]