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依賴該等內 容而引致的任何損失承擔任何責任。 XXF GROUP HOLDINGS LIMITED 喜相逢集團控股有限公司 （於開曼群島註冊成立的有限公司） 本公告乃由喜相逢集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願作出，以向本公司股東及潛在投資者提供本集團最新業務發展的詳情。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年12月5日，本公司之間接 全資附屬公司喜相逢融資租賃集團有限公司（「喜相逢集團」）與杭州哈行網絡科技 有限公司（「哈囉租車」）簽訂一份業務合作協議（「該協議」），內容有關雙方於中國 指定城市以「聯名店」模式開展汽車租賃業務合作（「該合作」）。 根據該協議，喜相逢集團與哈囉租車將計劃於首批十個城市（包括杭州、合肥、 武漢、貴陽、西安、南京、南寧、南昌、長沙及鄭州）開設及運營聯名店，共同 投入資源，打造兼具「哈囉租車」與「喜相逢」品牌形象的聯名店，整合線上線下資 源，提升用戶體驗與運營效率。 哈囉租車為 ...

Core Viewpoint - Peanut Good Car Group has formed a strategic cooperation with Ronghe Electric Leasing and Dongfeng Motor for global cross-border car leasing, focusing on multiple areas including long-term cross-border leasing and overseas ride-hailing operations [3] Group 1: Strategic Cooperation - The partnership will leverage the Tianjin Dongjiang Free Trade Zone for deep collaboration in cross-border leasing, domestic short and long-term rentals, and second-hand car export base construction [3] - The collaboration aims to address the challenges faced by the automotive export business, which has seen significant growth, with 5.616 million vehicles exported in the first ten months of the year, a year-on-year increase of 15.7% [3] Group 2: Financial Challenges - The automotive financial services sector is lagging behind the rapid growth of vehicle exports, creating a focus for companies seeking breakthroughs [3] - High overseas financing costs, immature financial environments in Southeast Asian countries, and incomplete financing products are significant barriers to automotive financial services [4] Group 3: Market Entry Strategy - The initial focus of the cross-border leasing will be on the ride-hailing market, with Dongfeng Nano BOX being the first model to enter the South African ride-hailing market [5] - The strategy involves using ride-hailing as a means for consumers to quickly recognize the brand, with a focus on fleet operators rather than individual consumers due to complex risk management [5] Group 4: Innovative Approach - This collaboration represents an innovative approach to overseas expansion, combining Dongfeng Motor's vehicle resources, Ronghe Electric Leasing's financial capabilities, and Peanut Good Car's operational system [5] - If successful, this model could serve as a template for other companies, accelerating the pace of Chinese automotive enterprises' internationalization [5]

Core Viewpoint - Shenzhou Car Rental has announced a comprehensive upgrade of its travel services, introducing a six-part quality service system aimed at enhancing trust, safety, convenience, and after-sales support in the car rental industry [1] Group 1: Service Upgrade - The new service system includes "safe travel, assured rental, compensation for dirt, return at different locations, long-distance delivery, and worry-free throughout" [1] - This initiative integrates previously scattered trust standards, safety responsibilities, convenient experiences, and after-sales guarantees into a systematic service standard [1] Group 2: Market Position - Shenzhou Car Rental operates a fleet of over 190,000 vehicles and has approximately 180 million registered users [1] - The company has a nationwide network of 6,500 outlets covering airports, high-speed rail stations, and key business districts [1] Group 3: Industry Impact - As an industry leader, Shenzhou Car Rental's move to systematize service standards aims to establish competitive barriers based on trust, addressing long-standing issues of safety, transparency, convenience, and after-sales service in the industry [1] - The development of a more standardized, transparent, and user-centered car rental ecosystem is accelerating due to the resonance between policy guidance and corporate innovation [1]

Group 1 - The core viewpoint of the article is the strategic collaboration between Huasheng Haoche Group, Shanghai Ronghe Electric Science and Technology Leasing Co., and Dongfeng Motor to establish a global cross-border leasing model for automobiles, marking a significant shift in China's automotive export strategy from product trade to a comprehensive service model combining finance and operations [1][3][5]. Group 2 - The partnership will leverage the Tianjin Dongjiang Free Trade Zone to engage in long-term cross-border leasing, overseas ride-hailing operations, domestic short and long-term rentals, and the establishment of a used car export base [1][5]. - Dongfeng Nano BOX is the first model to be introduced into the South African ride-hailing market as part of this collaboration [3]. - Ronghe Electric Leasing will provide full-process financial services to support Huasheng Haoche's international business, enhancing compliance and efficiency in its global expansion [5]. - The collaboration integrates vehicle resources from Dongfeng Motor, financial capabilities from Ronghe Electric Leasing, and operational systems from Huasheng Haoche, creating a replicable "light asset, heavy operation" model for overseas expansion [7].

Core Viewpoint - Peanut Good Car Group has established a strategic cooperation with Ronghe Electric Leasing and Dongfeng Motor for global cross-border car leasing, marking a shift in China's automotive export model from "product trade" to a "financial + operation" comprehensive service model [1] Group 1: Strategic Cooperation - The collaboration involves long-term cross-border leasing, overseas ride-hailing operations, domestic short and long-term rentals, and the establishment of a used car export base [1] - The first model for cross-border leasing will be the Dongfeng Nano BO, which is set to enter the South African ride-hailing market [1] Group 2: Financial and Operational Support - Ronghe Electric Leasing will provide full-process financial services for Peanut Good Car's overseas export business, leveraging its experience in green electric transportation finance [1] - Dongfeng Motor will supply competitive models to support the overseas business, establishing a solid product foundation [1]

香港联交所最新资料显示，12月3日，喜相逢集团(02473)股东将股票由民银证券转入招银国际证券，转 仓市值7.95亿港元，占比6.02%。 据此，承租人同意向出租人转让租赁资产，总代价合共约为人民币580.71万元，及承租人同意向出租人 租回租赁资产，租期为48个月，总租金合共约为人民币644.18万元。租赁资产指该等售后回租合同项下 详述由喜相逢集团及/或其若干附属公司拥有的若干汽车。 喜相逢集团发布公告，于2025年12月1日，喜相逢集团(公司间接全资附属公司)及/或其若干附属公司(共 同作为承租人)与出租人(浙江智慧普华融资租赁有限公司)订立该等售后回租合同。 ...

Core Viewpoint - Shenzhou Car Rental has announced a comprehensive upgrade of its travel services, introducing a six-part quality service system aimed at enhancing safety, transparency, and user experience in the car rental industry [1][2]. Group 1: Service Upgrades - The six commitments include "Safe Travel," ensuring all vehicles undergo full inspections before rental and providing timely assistance in case of breakdowns [2]. - "Peace of Mind Rental" focuses on transparent pricing, breaking down rental fees and service charges to eliminate hidden costs [2]. - "Dirty Must Compensate" enforces a zero-tolerance policy for cleanliness, offering compensation of three times the cleaning fee if vehicles are not up to standard [2]. Group 2: User Experience Enhancements - "Return Anywhere" allows for vehicle returns in over 360 cities, catering to the needs of cross-city travel and flexibility [2]. - "Long Distance Delivery" extends service reach by providing vehicle delivery and pickup at specified locations [2]. - "Worry-Free Throughout" ensures a 24-hour customer service team is available to address any travel-related issues promptly [2]. Group 3: Industry Context - Shenzhou Car Rental operates a fleet of over 190,000 vehicles and has approximately 180 million registered users, with service points located at airports, high-speed rail stations, and key business districts [3]. - As an industry leader, Shenzhou Car Rental's systematic approach to service standards aims to build trust and create competitive barriers, addressing long-standing issues of safety, transparency, convenience, and after-sales service in the rental market [3]. - The implementation of the national standard for car rental services, effective from November 1, accelerates the industry's move towards a more regulated and user-centric ecosystem [1][3].

Core Viewpoint - Shenzhou Car Rental has launched a comprehensive upgrade of its travel services, introducing a six-part quality service system aimed at enhancing safety, transparency, and user experience in the car rental industry [1][2]. Group 1: Service Upgrades - The six commitments include "Safe Travel," which ensures all vehicles undergo thorough inspections before being rented out, and provides timely assistance in case of breakdowns [2]. - "Worry-Free Rental" focuses on transparent pricing by breaking down rental fees and service charges to eliminate hidden costs [2]. - "Dirty Must Compensate" enforces a zero-tolerance policy for cleanliness, offering compensation of three times the cleaning fee if vehicles are not up to standard upon pickup [2]. Group 2: User Experience Enhancements - "Return Anywhere" allows for vehicle returns in over 360 cities nationwide, catering to flexible travel plans [2]. - "Long-Distance Delivery" extends service reach by offering vehicle delivery and pickup at specified locations [2]. - "All-Around Carefree" provides 24-hour customer service support to address any unexpected issues during the journey [2]. Group 3: Industry Context - Shenzhou Car Rental operates a fleet of over 190,000 vehicles and has approximately 180 million registered users, with 6,500 service points across key travel locations [3]. - The company's initiative to systematize service standards aims to build trust and create competitive barriers, addressing long-standing issues in safety, transparency, convenience, and after-sales service within the industry [3]. - The implementation of the national standard for car rental services, effective from November 1, accelerates the industry's move towards more standardized and user-centric practices [1][3].

Core Viewpoint - The EU's ambitious "2035 ban on fuel vehicles" has faced ongoing criticism from industry and member states, with potential adjustments to the proposal expected on December 10, including electric vehicle purchase quotas for companies and a relaxation of the ban [1][3]. Group 1: EU Proposal and Industry Response - The EU Commission plans to mandate the electrification of the rental and corporate vehicle market by 2030, with 60% of new cars sold in Europe being for corporate fleets, which account for 70% of new vehicle emissions [3][4]. - There is significant opposition from member states like Germany and Italy, leading to a potential reduction in the proposed quotas for corporate fleets below 100% [3][4]. - German officials, including Chancellor Merz, have expressed strong opposition to a one-size-fits-all quota for corporate fleets, emphasizing the need for flexibility in transition targets [5][6]. Group 2: Challenges and Market Impact - Analysts warn that without adequate charging infrastructure and consumer demand, the proposed electrification plan could slow down the renewal rate of corporate fleets and disrupt the car rental model [4]. - The EU aims for at least 50% of corporate fleet vehicles to be electric by 2027, a target considered aggressive and potentially challenging for the market [4][6]. Group 3: Political Dynamics and Future Regulations - The EU is currently revising its ambitious climate goals, including the planned ban on new fuel vehicles starting in 2035, amid significant internal debate and pressure from member states and industry groups [7][8]. - The latest draft of vehicle emissions regulations no longer includes a commitment to phase out fuel engines by 2035, reflecting the shifting political landscape and industry pressures [8].

格隆汇12月1日丨喜相逢集团(02473.HK)公告，于2025年12月1日，喜相逢集团(公司间接全资附属公司) 及╱或其若干附属公司(共同作为承租人)与出租人浙江智慧普华融资租赁有限公订立该等售后回租合 同，据此，(1)承租人同意向出租人转让租赁资产(由喜相逢集团及╱或其若干附属公司拥有的若干汽 车)，总代价合共约为人民币580.7万元，及(2)承租人同意向出租人租回租赁资产，租期为48个月，总租 金合共约为人民币644.2万元。 ...