果下科技股份有限公司 Guoxia Technology Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 股份代號：2655 全球發售 獨家保薦人 聯席整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 重要提示 重要提示： 閣下如對本招股章程的任何內容有任何疑問，應徵詢獨立專業意見。 $$\mathbb{C}\cong\mathbb{R}\rtimes_{\mu=0}^{\infty}\mathbb{R}^{1}\rtimes_{\mu=1}^{\mu}\mathbb{R}^{2}$$ 果下科技股份有限公司 Guoxia Technology Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 全球發售 | 全球發售的發售股份數目 | ： | 33,852,900股H股（視乎發售量調整權及超額配 | | --- | --- | --- | | | | 股權行使與否而定） | | 香港發售股份數目 | ： | 3,385,300股H股（可予重新分配） | | 國際發售股份數目 | ： | 30,467,600股H股（可予重新分配及視乎發售量 | | | | 調整權及超額配股 ...

Market Performance - The Hang Seng Index (HSI) fell by 334 points or 1.3%, closing at 25,760 points[1] - The National Index dropped by 154 points or 1.7%, ending at 9,028 points[1] - The Hang Seng Tech Index decreased by 89 points or 1.6%, closing at 5,534 points[1] - Total market turnover reduced to HKD 164.36 billion[1] Economic Indicators - The RMB/USD central parity rate was adjusted up by 40 pips to 7.0754[1] - The People's Bank of China conducted a 79.3 billion RMB reverse repo operation at a rate of 1.4%[1] - A net withdrawal of 134 billion RMB occurred due to 213.3 billion RMB reverse repos maturing[1] U.S. Economic Data - In November, U.S. private sector unexpectedly cut 32,000 jobs, contrary to the expected addition of 42,000 jobs[2] - The likelihood of a 25 basis point rate cut by the Federal Reserve next week has risen to approximately 89%[2] - The Dow Jones Industrial Average rose by 408 points or 0.9%, closing at 47,882 points[2] Commodity Market - LME copper futures reached a historical high, rising 3.4% to over USD 11,500 per ton[2] - Concerns over potential U.S. tariffs leading to global supply shortages have intensified due to a surge in copper orders in Asia[2] Corporate Developments - Nvidia's CEO discussed AI chip export controls with U.S. officials, but restrictions were not included in the defense bill[3] - Micron Technology announced its exit from the memory retail business to focus on advanced storage chips for AI data centers[3] - Ideal Auto launched its AI glasses, priced starting at 1,999 RMB[4]

Business Model & Investment - Nucor, a steel giant, invested $51 million in Tesla's Megapack to avoid demand charges [1] - The investment allows Nucor to essentially "buy out" high demand charges for decades to come [1] - Tesla Energy's business model involves using Megapack as a "power reservoir" to reduce electricity costs [1] Operational Efficiency - Modern steelmaking uses "electric arc furnaces" which consume large amounts of electricity intermittently [1] - This intermittent high electricity demand leads to "demand charges" from the power grid [1] - Megapack stores electricity when it's cheap and releases it when the electric arc furnace needs it, reducing demand charges [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（「聯交所」）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。 CHINA RUIFENG RENEWABLE ENERGY HOLDINGS LIMITED 中國瑞風新能源控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：00527） 自願公告 最新業務發展 — 儲能電站業務 本公告乃由中國瑞風新能源控股有限公司（「本公司」，連同其附屬公司統稱「本 集團」）自願刊發，以向股東及潛在投資者提供有關本集團電網側獨立儲能電 站業務的最新發展。 在冀北電力交易中心組織的系統測試中，瑞風共慶坊儲能電站成功參與容量 租賃、火電集中競價、綠電雙邊協商等多類型交易序列，驗證了獨立儲能在電 力市場中的多元價值。2025年7月7日以來，瑞風共慶坊儲能電站項目已連續參 與京津唐電網綠色電力交易、京津唐電網電力直接交易及使用者側合同轉讓 交易，累計完成交易電量超1.5億千瓦時，並在容量租賃市場和電能量交易市 場取得了可觀收益。 – 2 – 示範引領：助力新型電力系統 ...

Core Viewpoint - Contemporary Amperex Technology Co., Limited (CATL) has shown signs of recovery in trading activity, with an increase in new order volume and breakthroughs in energy storage business, although its stock price remains affected by overall volatility in the new energy sector [1] Group 1: Stock Performance - CATL's stock closed at 422 HKD, up 1.05% with a trading volume of 601 million HKD, indicating a slight recovery compared to previous activity [1] - Technical indicators suggest a "sell" signal with a strength of 9, indicating medium to long-term pressure on the stock's performance [2] - The first support level is at 410 HKD, with a deeper support at 396 HKD; the first resistance level is at 434 HKD, followed by 448 HKD [2] Group 2: Investment Products - For investors optimistic about CATL's potential to break through resistance levels, HSBC's call warrant (18321) is noteworthy with a leverage of 7.4 times and an exercise price of 485 HKD [7] - Another option is the Bank of China call warrant (17002) with a leverage of 9.7 times and an exercise price of 489.08 HKD, offering advantages in cost control [7] - The recent performance of CATL's products shows a 3.39% increase two days after a previous rise, highlighting the leverage effect of warrants during stock price increases [5]