香港交易及結算所有限公司、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 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Shenzhen Creality 3D Technology Co., Ltd. 深圳市創想三維科技股份有限公司 （「本公司」） （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」）及證券及期貨事務監察委員會（「證監 會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 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、本公司的獨家保薦人、保薦人兼整體協調人、整體協調 人、顧問或承銷團成員表示同意： 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，本公司不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀 請，準投資者務請僅依據與香港公司註冊處處長註冊的本公司招股章程作出投資決定； ...

Core Insights - The report highlights significant market pressures on US stocks due to unexpected inflation data and weakness in the tech sector, leading to declines across major indices [9] - Geopolitical tensions in the Middle East have escalated, impacting oil prices and prompting a shift towards safe-haven assets [9][10] - The report emphasizes a new investment logic termed "HALO trading," focusing on heavy assets with low risk of obsolescence [9] Market Overview - US stock indices experienced substantial declines, with the Dow Jones dropping 521 points, marking a weekly loss [10] - Brent crude oil prices surged by 10% in after-hours trading, reaching approximately $80 per barrel, with analysts predicting potential increases to $100 due to geopolitical instability [10] - Gold prices rose significantly, exceeding $5,300 per ounce, as investors sought refuge in safe-haven assets amid escalating tensions [10] Sector Analysis - The report notes that energy stocks and related ETFs are expected to benefit in the short term due to rising oil prices and geopolitical tensions [9] - The Chinese "Two Sessions" are anticipated to focus on domestic demand and technology, which may influence market sentiment [12] Company-Specific Insights - The report mentions that a renewable energy company has shown a significant year-on-year increase in renewable energy generation, particularly in solar power, which grew over 70% [19] - A strategic partnership in clean energy between a company and Sinopec Hong Kong is expected to enhance growth opportunities in hydrogen and green methanol [20] - The report highlights the strong demand for autonomous driving services during the Spring Festival, indicating accelerated commercialization for a specific company [21] Economic Data - The report includes key economic indicators, such as the US ISM Manufacturing Index for February, which stands at 51.8, indicating expansion in the manufacturing sector [18]

Investment Rating - The investment rating for the company is set at ★★★☆☆, indicating a moderate outlook based on fundamental factors and valuation [4]. Core Insights - The company is a leading provider of PCB production equipment solutions in mainland China, with a market share of 10.1% as of 2024, making it the largest manufacturer in the region [1]. - The global PCB industry is expected to grow steadily, with market value projected to increase from USD 65.2 billion in 2020 to USD 73.6 billion in 2024, reflecting a compound annual growth rate (CAGR) of 3.1% [3]. - The company has established multiple product centers to enhance its research and development capabilities, focusing on specialized equipment for the PCB industry [2]. Summary by Sections Company Background - The company specializes in the R&D, production, and sales of PCB production equipment, serving various sectors including automotive electronics, mobile phones, and consumer electronics [1]. - The competitive landscape in the PCB equipment industry is fragmented, with the top five manufacturers holding approximately 23.9% of the market share as of 2024 [1]. Product Development - The company has set up the Dazhu CNC Microelectronics Research Center, focusing on laser processing equipment for packaging substrates, utilizing patented processes for high-quality production [2]. - In 2023, the company established several product centers to strengthen its R&D layout in areas such as lamination, coating tools, and optical inspection [2]. Market Potential - The global PCB market is anticipated to reach USD 96.4 billion by 2029, with a CAGR of 5.3% from 2025 to 2029, driven by advancements in AI technology and automotive intelligence [3]. Financial Data - The company's revenue is projected to increase from RMB 16.34 billion in 2023 to RMB 33.43 billion in 2024, with a profit forecast of RMB 3.00 billion for 2024 [4].

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 或完整性亦不發表聲明，並明確表示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。 NEWBORN TOWN INC. 赤子城科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9911） 2025年年度 未經審核營運數據及未經審核收入資料 本公告由赤子城科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據 《香港聯合交易所有限公司證券上市規則》（「《上市規則》」）第13.09(2)條及香港 法例第571章《證券及期貨條例》第XIVA部項下的內幕消息條文（定義見《上市規 則》）作出。 本公司董事（「董事」）會（「董事會」）欣然宣佈截至2025年12月31日止年度未經審 核營運數據及未經審核收入資料如下： • 社交業務： 本集團社交業務於2025年度收入同比大幅增長，主要歸因於本集團借助AI技術推 動多樣化社交產品持續穩步增長。 1 (i) 截至2025年12月31日止，本集團社交業務累計下載量達約9.7億，較2025年9 月30日上升約5.9%； (ii) 2025年第四季度 ...

香港聯合交易所有限公司及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聲 明，並表明概不就因本申請版本全部或任何部分內容而產生或依賴該等內容而引致的任何損失承擔任何責任。 SHANGHAI KEYING E-COMMERCE CO., LTD. 上海凱詰電子商務股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 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」）及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，即表示 閣下知悉、 接納並向上海凱詰電子商務股份有限公司（「本公司」，連同其附屬公司，（「本集團」））、其獨家保薦人、聯席整 體協調人、顧問或包銷團成員表示同意： 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，本公司不會 向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請僅依據與香港 公司註冊處處長註冊的本公司招股章程作出投資決定；招 ...

Market Performance - The Hang Seng Index rose by 226 points or 0.8%, closing at 26,922 points, after reaching a high of 27,016 points[1] - The Shanghai Composite Index fell by 2 points or 0.07%, closing at 4,000 points, with a total trading volume of 840.5 billion yuan[1] - The total trading volume in the Hong Kong market was 236.395 billion yuan[1] Economic Indicators - The People's Bank of China conducted a 195.5 billion yuan reverse repurchase operation at a rate of 1.4%, resulting in a net injection of 130 billion yuan for the day[1] - The RMB/USD central parity rate was adjusted up by 33 points to 7.0833[1] Corporate Earnings - Manulife Financial reported a net income of 1.799 billion CAD for Q3, a year-on-year decrease of 2.2%, while core earnings increased by 11.3% to 2.035 billion CAD[3] - Samsonite's Q3 sales revenue was 873 million USD, a slight decrease of 0.6% year-on-year, with net profit increasing by 11% to 73.5 million USD[3] - China Resources Land's total contract sales in October were approximately 15.2 billion yuan, a year-on-year decrease of 51%[3]

本公司董事（「董事」）會（「董事會」）欣然宣佈截至2025年9月30日止未經審核營運 數據及未經審核收入資料如下： • 社交業務： 本集團社交業務於2025年前三季度收入同比大幅增長，主要歸因於本集團借助AI 技術推動多樣化社交產品持續穩步增長。 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 或完整性亦不發表聲明，並明確表示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。 NEWBORN TOWN INC. 赤子城科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9911） 2025年前三季度 未經審核營運數據 本公告由赤子城科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據 《香港聯合交易所有限公司證券上市規則》（「《上市規則》」）第13.09(2)條及香港 法例第571章《證券及期貨條例》第XIVA部項下的內幕消息條文（定義見《上市規 則》）作出。 1 北京，2025年10月23日 於本公告日期，本公司執行董事為劉春河先生、李平先生、葉椿建先生及蘇鑒先 生；及本公司獨立非執行董事為陳玉宇先生、池書進先生及陳思超 ...

Market Trends & Economic Outlook - The US stock market shows steady growth, with the S&P 500 and Dow Jones Industrial Average experiencing slight increases, reflecting the stability of blue-chip stocks [1] - Technology stocks are showing signs of divergence, indicating future trends in technology development and stock performance in the second half of 2025 and beyond [1] - Ongoing inflation, delayed interest rate cuts by the Federal Reserve, and US tariff policies are causing uncertainty among global investors [1] Policy & Investment Strategy - Trump's policies, combined with recent trends in technology stocks, are forming a "closed loop" that may mitigate concerns about the US debt crisis and economic recession [1] - Trump's policies are beginning to take effect, aligning with the development path of US technology [1] Investment Platform - IB盈透证券 (IBKR) is highlighted as a leading global investment platform with access to 150 markets, offering low costs and flexible capital for diversified investments [1]