Core Viewpoint - The company Pangu Intelligent (盘古智能) has confirmed that its products are applicable across various industries, including wind power generation, engineering machinery, mining machinery, shield machines, industrial machine tools, rail transit, and port cranes [1] Industry Applications - The company's products can be utilized in the wind power generation sector [1] - The engineering machinery industry is another key area for the company's product applications [1] - Mining machinery is also a significant field where the company's products are relevant [1] - Shield machines, which are used in tunneling, represent another application area for the company's offerings [1] - Industrial machine tools are included in the range of industries served by the company [1] - The rail transit sector is another important industry for the company's products [1] - Port cranes are also part of the industries where the company's products can be applied [1]

Group 1 - Ukraine will receive 8 SAMP-T air defense systems, 100 Rafale fighter jets, and 6 launch systems with radar from France, significantly enhancing its defense capabilities [1] - The strategic agreement between Ukraine and France will be implemented starting in 2026 and will last for 10 years, although specific delivery dates for the SAMP-T systems were not disclosed [1] - Discussions were held between the leaders and representatives of defense companies from both countries to explore technical cooperation, which aims to boost industrial and technological potential beyond the defense sector, creating job opportunities and promoting business development [1] Group 2 - Ukraine signed a separate agreement to purchase 55 new electric locomotives from the French company Alstom, indicating a broader scope of cooperation in the transportation sector [1]

Core Viewpoint - The strategic cooperation agreement between Zhishu Technology Group and Putian Rail Transit Technology (Shanghai) Co., Ltd. aims to enhance both companies' capabilities in the artificial intelligence sector, particularly in rail transit and airport industries, thereby expanding revenue bases and improving shareholder returns [1]. Company Summary - Zhishu Technology Group has entered into a strategic cooperation agreement with Putian Rail Transit, which specializes in areas such as rail transit weak current general contracting, communication system integration, automatic ticketing systems, smart airports, and smart tourism [1]. - The board believes that expanding into the artificial intelligence sector will establish the company's core competitiveness [1]. - The partnership is expected to foster long-term and stable collaboration, focusing on AI services, smart security checks, intelligent operation systems, and smart stations [1]. Industry Summary - Putian Rail Transit is recognized as a key player in the rail transit sector, being a council member of the China Urban Rail Association and a vice-chairman unit of the automatic ticketing system committee [1]. - The company is involved in the development of national and industry standards for AFC systems and is classified as a specialized and innovative enterprise in Shanghai [1]. - The collaboration is anticipated to drive advancements in AI technologies within the rail transit and airport industries, enhancing operational efficiencies and service quality [1].

Core Viewpoint - The strategic cooperation agreement between Zhishu Technology Group and Putian Rail Transit Technology (Shanghai) Co., Ltd. aims to enhance collaboration in the fields of artificial intelligence and rail transit, potentially expanding the revenue base and improving shareholder returns [1]. Group 1: Company Overview - Zhishu Technology Group has entered into a strategic cooperation agreement with Putian Rail Transit, a company specializing in rail transit weak current general contracting, communication system integration, and smart airport solutions [1]. - Putian Rail Transit is recognized as a key player in the rail transit sector, being a member of the China Urban Rail Association and involved in the development of national and industry standards for AFC systems [1]. Group 2: Strategic Importance - The agreement is expected to establish a long-term and stable partnership, facilitating joint development in AI services, smart security checks, and intelligent operation systems within the rail transit and airport industries [1]. - The board believes that this strategic partnership will broaden the revenue foundation for Zhishu Technology Group and enhance investment returns for shareholders [1].

Core Viewpoint - The announcement highlights a strategic cooperation agreement between Zhishu Technology Group and Putian Rail Transit Technology (Shanghai) Co., Ltd, aimed at enhancing collaboration in the fields of artificial intelligence and rail transit [1] Group 1: Strategic Cooperation - The strategic cooperation agreement was signed on November 17, 2025, establishing a long-term partnership between the two companies [1] - Putian Rail Transit specializes in areas such as rail transit weak current general contracting, communication system integration, automatic ticketing systems, smart airports, and smart tourism [1] - The partnership is expected to expand the revenue base of Zhishu Technology Group and improve shareholder returns [1] Group 2: Industry Focus - The collaboration will focus on the development of new technologies in AI service robots, contactless smart security checks, intelligent operation systems, and smart stations [1] - Both companies aim to leverage their strengths in the rail transit and airport sectors to drive innovation and growth in artificial intelligence applications [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之內容概不 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 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 自願公告 業務最新進展 本公告乃由智數科技集團有限公司（「本公司」）自願發佈，以向本公司股東 （「股東」）及本公司潛在投資者提供有關本公司及其附屬公司（「本集團」）的業 務最新進展。 業務最新進展－戰略合作協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二五年十一月十七日（交 易時段後），本公司與普天軌道交通技術（上海）有限公司（「普天軌道」）訂立戰 略合作協議（「戰略合作協議」）。 普天軌道的背景 普天軌道是一家於中華人民共和國成立的有限公司，主要業務包括軌道交通 弱電總包、通信系統集成、自動售檢票系統、智慧機場、智慧文旅等領域，是 中國城軌協會理事單位、自動售檢票系統專委會副理事長單位，是交通領域 AFC系統國家和行業標準主要參編單位，是上海市專精特新企業。 1 訂立戰略合作協議的理由及裨益 董事會認為，本集團積極在人工智能領域拓展業務，建立公司核心競爭力，而 普天軌道的業務圍繞軌道交 ...

Core Insights - The collaboration between Jiadu Technology, Siemens, and Industrial Control International aims to establish an international-level joint venture platform for urban rail signaling systems in Guangzhou, marking a significant step in enhancing Guangzhou's position as a global hub for rail transit technology innovation [2][3]. Group 1: Strategic Importance - Urban rail transit is a strategic industry cluster for Guangzhou, which is positioned as a core engine of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on high-end and intelligent development in the rail transit sector [2]. - The partnership leverages the strengths of all three parties to support Guangzhou's strategy of prioritizing industry and manufacturing, facilitating the city's elevation in global industrial chains [2][3]. Group 2: Technological Development - The joint venture will utilize Siemens' leading signaling technology to create a digital application model tailored for the Chinese market, integrating local industrial resources to help Guangzhou's rail transit industry reach a trillion-level cluster target [2][3]. - Jiadu Technology plans to accelerate the digitalization and intelligence of key scenarios through its expertise in smart rail transit engineering, system integration, and technology research and development [3]. Group 3: Market Expansion - The joint venture will adopt a dual approach of new line construction and existing line renovation to expedite the localization of Siemens' signaling technology in China [3]. - Siemens will share its methodologies and tools with the joint venture, promoting local talent development and building a partner ecosystem in Guangzhou, aiming to create demonstration projects that serve the Greater Bay Area and extend nationwide [3]. Group 4: Collaborative Framework - Industrial Control International emphasizes the importance of open cooperation and mutual benefits, aiming to deepen practical collaboration in technology innovation, industrial support, market expansion, and capital operations [4]. - The collaboration seeks to strengthen the industrial chain through a coordinated mechanism involving state-owned enterprises, private enterprises, and multinational leaders, enhancing upstream and downstream synergy to seize market opportunities [4].

Core Viewpoint - The transformation of the "Bolo Youzi Art Valley" in Qingdao represents a successful integration of cultural preservation and modern commercial functionality, showcasing a replicable model for urban renewal in the rail transit industry [2][19]. Group 1: Urban Renewal and Cultural Preservation - Qingdao Metro Group is actively involved in revitalizing urban spaces, particularly along the rail transit lines, to enhance cultural and emotional connections within the city [2][19]. - The "Bolo Youzi" area, once a vibrant symbol of local life, faced decline due to urban expansion, leading to a city-wide initiative for urban renewal starting in 2022 [4][19]. - The renovation of "Bolo Youzi" involved systematic restoration of historical elements while integrating modern design, allowing the area to serve as a dynamic cultural space rather than a static exhibit [5][6]. Group 2: Innovative Commercial Strategies - The "Bolo Youzi Art Valley" adopts a unique approach by focusing on non-standard commercial models, moving away from traditional shopping center formats to create a distinctive cultural atmosphere [12][19]. - The introduction of innovative business formats, such as art salons and designer brand stores, enhances the area's cultural appeal and establishes a competitive edge through uniqueness [12][19]. - The operational strategy includes regular events and activities, fostering community engagement and enhancing the consumer experience, which has led to high occupancy rates and increased visitor numbers [16][19]. Group 3: Economic Impact and Community Engagement - Since its opening in November 2024, "Bolo Youzi Art Valley" has maintained full occupancy and achieved record monthly revenues, significantly boosting local foot traffic and commercial activity [16][19]. - The area has become a platform for local brands, providing them with visibility and a stable sales channel, thus contributing to the local economy and cultural dissemination [17][19]. - The success of "Bolo Youzi" exemplifies Qingdao Metro's "Rail+" strategy, which effectively utilizes fragmented urban spaces to create vibrant cultural and commercial hubs [19][22].

Core Viewpoint - The collaboration between Jiadu Technology, Siemens Mobility, and Industrial Control International aims to establish a joint venture for rail transit signaling systems in Guangzhou, enhancing local implementation of Siemens' signaling technology [1] Group 1: Joint Venture Establishment - Jiadu Technology's subsidiary, Guangzhou Jiadu Zhitong Technology, has signed a cooperation agreement with Siemens Mobility and Industrial Control International to set up a joint venture in Huangpu District [1] - The joint venture will serve as a key platform for collaboration, focusing on both new line construction and the renovation of existing lines [1] Group 2: Strategic Objectives - The partnership will leverage Siemens' leading global signaling system technology to develop smart rail transit demonstration projects [1] - The initiative aims to integrate local industrial chain resources, propelling Guangzhou's rail transit industry towards a trillion-level cluster target [1] - The collaboration will connect to global markets, utilizing Siemens' extensive marketing network and project experience across over 190 countries to promote "Guangzhou Rail" technology, products, and standards internationally [1]

Core Viewpoint - The collaboration between Jiadu Technology, Siemens, and Guangzhou Industrial Control marks a significant step in establishing a joint venture for rail transit signaling systems, aiming to enhance local implementation of Siemens' signaling technology in Guangzhou and support the city's strategic goals in high-quality rail construction and domestic innovation [1][4]. Group 1: Joint Venture Establishment - Jiadu Technology, Siemens, and Guangzhou Industrial Control signed a cooperation agreement to establish a joint venture for rail transit signaling systems in Guangzhou [1]. - The joint venture aims to drive the localization of Siemens' signaling technology and support the national push for domestic innovation [1][4]. - This initiative aligns with Guangzhou's strategy to develop high-end, intelligent rail transit industries and enhance its position in the global industrial chain [1][3]. Group 2: Strategic Collaboration - Jiadu Technology and Siemens have a solid foundation for cooperation, having signed a strategic partnership in 2024 to explore innovations in rail transit signaling and automation [2]. - The collaboration will focus on digitalization and intelligent implementation of signaling systems, enhancing local delivery and operational capabilities [2][3]. - Siemens plans to share its digital experience and contribute to local talent development and ecosystem building in Guangzhou [2]. Group 3: Future Directions - The three parties will focus on technology independence, leveraging Siemens' global signaling technology to create digital applications suitable for the Chinese market [3]. - They aim to expand the rail transit industry cluster in Guangzhou towards a trillion-yuan scale and enhance the city's international influence through global market connections [3]. - The joint venture will also support the optimization of the business environment in Guangzhou, attracting high-end manufacturing and digital technology investments [4].