Market Overview - The Hang Seng Index is constrained by the March high of 24,874 points, with expectations for new financial policies from mainland China to stabilize the market, including reserve requirement ratio cuts and interest rate reductions [2] - The recent US-China trade negotiations have led to a temporary reduction in tariffs, but ongoing tensions may affect future agreements [2] - The Hang Seng Index's valuation has returned to reasonable levels, requiring significant positive developments in trade agreements and corporate earnings to maintain upward momentum [2] Sector Outlook - Gold mining stocks are favored due to ongoing geopolitical tensions and central banks continuing to increase their gold holdings [3] Macro Focus - Chinese Premier Li Qiang emphasized the importance of innovation-driven development and expanding effective demand during his recent research trip [4] - The People's Bank of China announced eight significant financial policies aimed at enhancing the financial market and supporting offshore trade [8] - The China Securities Regulatory Commission introduced further reforms to enhance the inclusivity and adaptability of the capital market, particularly focusing on the Sci-Tech Innovation Board [8][9] Company News - JD Group reported better-than-expected growth in its food delivery business, with plans to launch six innovative projects [4] - Several companies, including AI startup Xiyu Technology, are planning to list in Hong Kong [4] International Market Outlook - The US Federal Reserve maintained interest rates, with expectations of two rate cuts later in the year, reflecting a cautious approach to inflation risks [4] - The ongoing geopolitical tensions, particularly regarding Iran, may impact market stability, while OPEC+ is expected to limit upward pressure on oil prices [4][6]

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，並明確表示概不就因本公告全部或 任何部份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。 （於開曼群島註冊成立的有限公司） （股份代號：8107） 業務更新 分銷中國供銷電子商務832平台產品 本 公 告 乃 由 細 葉 榕 科 技 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（「股東」）及潛在投資者提供有關本集團的最新業 務進展情況。 本集團已與中國供銷集團有限公司之全資子公司、中華全國供銷合作總社下屬的 電子商務板塊 — 中國供銷電子商務有限公司（「中國供銷」）建立戰略商務關係。這 是本集團在擴大其電子商務平台—「細葉榕探索」商城 (www.ficusdsc.com)（「細葉榕 探 索 」）的 產 品 供 應 、 以 及 本 集 團 實 現 其 支 持 扶 貧 倡 議 的 使 命 方 面 邁 出 的 重 要 一 步。本集團有意培養企業客戶群，並 ...