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，概不對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。 榮啟為一家於香港註冊成立的投資控股有限公司。本公司為榮啟7,000股股份（相 當於榮啟全部已發行股本的70%）的法律及實益擁有人。榮啟3,000股股份（相當 於榮啟全部已發行股本的30%）由趙欽凌先生（「趙先生」）法律及實益擁有。趙 先生為一名商人及中國的個人投資者，據董事經作出一切合理查詢後所深知、 盡悉及確信，趙先生為獨立第三方，且與本公司或其任何關連人士（定義見香 港聯合交易所有限公司證券上市規則）並無關連。 – 1 – (a) 在儲能系統供應的工程設計、採購及施工方面開展合作，重點建立專注於 為全球新能源應用提供先進解決方案的全面網絡；及 (b) 在全球市場與戰略業務夥伴探討儲能系統集成及解決方案平台的合作機遇。 Wing Lee Development Construction Holdings Limited 榮利營造控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9639） 自 ...

Core Viewpoint - The company, Yihe Holdings (01662), anticipates a profit of at least approximately HKD 30.5 million for the mid-term of 2025/2026, reflecting a significant increase from the profit of approximately HKD 21.8 million for the six months ending September 30, 2024, which represents a growth of about 40.0% [1] Group 1: Financial Performance - The expected profit increase is primarily attributed to the company's ongoing efforts to enhance operational efficiency in its core business of foundation and civil engineering [1] - The profit for the six months ending September 30, 2024, was approximately HKD 21.8 million, marking a 40.0% increase compared to previous periods [1] Group 2: Operational Improvements - The improvements in operational efficiency are the result of multiple factors, including the integration of artificial intelligence applications to optimize workflows [1] - The use of the latest IoT sensors supports routine work automation and AI-driven data analysis, contributing to enhanced operational performance [1] - Strict cost-cutting measures have also been implemented, leading to an increase in gross profit expected for the mid-term of 2025/2026 [1]

Core Viewpoint - The company, Yihe Holdings (01662), anticipates a profit of at least approximately HKD 30.5 million for the mid-term of 2025/2026, reflecting a significant increase from the profit of approximately HKD 21.8 million for the six months ending September 30, 2024, which represents a growth of about 40.0% [1] Group 1 - The expected increase in profit is primarily attributed to the improvement in the operational efficiency of the company's core business, which includes foundation and other civil engineering works [1] - The enhancements in operational efficiency are the result of multiple factors, including the integration of artificial intelligence applications to optimize workflows, such as using the latest IoT sensors to support routine work automation and AI-driven data analysis [1] - Strict implementation of cost-cutting measures is also contributing to the anticipated rise in gross profit for the mid-term of 2025/2026 [1]

Core Insights - The article discusses the fluctuating reputation of Zhang Xuefeng, a well-known career planning mentor, highlighting the growing skepticism towards his advice as the job market evolves [2][29] - It emphasizes the importance of aligning personal interests and abilities with career choices, rather than solely relying on data-driven recommendations [18][30] Group 1: Zhang Xuefeng's Influence - Zhang Xuefeng gained popularity by addressing the educational anxieties of families, providing a clear logic for choosing majors based on quantifiable metrics like salary and employment rates [7][13] - His rise coincided with a significant increase in graduate school applications, particularly in 2016, marking a turning point in the education landscape [8][10] - The mentor's approach simplified complex educational choices into a formulaic system, which resonated with many seeking stability in uncertain times [14][15] Group 2: Changing Job Market Dynamics - The job market has rapidly evolved, leading to a decline in the demand for previously recommended "golden paths" such as civil engineering, with employment in the construction sector dropping over 25% since its peak in 2014 [16][18] - Many individuals who followed Zhang's advice are now expressing regret, as they find themselves in oversaturated job markets, realizing the limitations of a purely utilitarian approach to career planning [17][24] - The article highlights a shift in societal attitudes, where individuals are increasingly seeking fulfillment and alignment with personal values in their career choices, rather than just job security [26][30] Group 3: The Need for Personal Agency - The narrative encourages individuals to take control of their career paths, emphasizing the importance of self-discovery and personal interests over external validation from popular figures [27][33] - It suggests that effective career guidance should foster a lifelong dialogue about self and the world, rather than merely producing standardized outcomes [28][30] - The article concludes that the best career choices are those that provide a sense of value and engagement in life, rather than those that are statistically deemed "correct" [30][34]

Core Viewpoint - Tiancheng Holdings (stock code: 2110) announced a financing plan through the placement of new shares, aiming to raise approximately HKD 6 million, with net proceeds expected to be around HKD 5.71 million after expenses [1] Group 1: Financing Details - The company plans to issue 60,000,000 shares at a placement price of HKD 0.10, representing a discount of approximately 13.79% compared to the previous trading day's closing price of HKD 0.116 [1] - The placement price also reflects a discount of about 15.25% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 20% of the existing issued share capital and about 16.67% of the enlarged share capital post-financing [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 5.71 million will be used entirely for general working capital [1] Group 3: Company Background - Tiancheng Holdings is primarily engaged in maritime construction engineering, other civil engineering, ship leasing services, and wellness services [1]

香港交易及結算所有限公司以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，並明確表示概不就本公告全部或任 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。 本公告由義合控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出， 以令本公司股東及其潛在投資者獲知本集團的最新業務發展。 認購協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年9月16日（交易時段後）， 本公司的全資附屬公司義合投資控股有限公司（「認購人」）與（其中包括）Trio AI Limited（「目標公司」）訂立認購協議（「認購協議」），以認購目標公司15,000,000股 股份，佔目標公司經擴大已發行股本約51.73%，代價為港幣15,000,000元（「認購事 項」）。 認購金額港幣15,000,000元乃由訂約各方經公平磋商後釐定，並考慮以下因素：(i) 使用搭載沐曦GPU晶片的高性能圖形處理單元（「GPU」）伺服器的權利；(ii)獨立第 三方估值師對目標公司51.73%股權於2025年6月30日的初步估值估計約為港幣15.3 百萬元；及(iii)經本公司評估的 ...

Group 1 - Hong Kong green infrastructure leader, Rongli Construction, has won a contract for the streetlight improvement project from the Hong Kong government's Highways Department, with a total contract value of HKD 23.896 million [1][3] - Rongli Construction's subsidiary, Jishuo Construction Engineering Co., Ltd., will be responsible for the improvement of streetlight circuits in Kowloon City [1] - The company has previously participated in significant projects such as the Hong Kong International Airport third runway infrastructure and various civil engineering projects, showcasing its strong position in the industry [3] Group 2 - Rongli Construction reported a revenue increase from HKD 526 million in 2024 to approximately HKD 717 million in 2025, representing a year-on-year growth of 36.2% [3] - The civil engineering segment saw a year-on-year growth of 39.3%, reaching approximately HKD 509 million, while the electromechanical engineering segment grew by 60.6% to about HKD 182 million, contributing significantly to the company's performance [3]

Core Viewpoint - KWF Group Holding, a Hong Kong civil engineering subcontractor, has filed for an IPO with the SEC to raise up to $8 million, aiming for a market valuation of $108 million post-listing [1] Company Overview - KWF Group specializes in public infrastructure projects, including earthworks, road drainage, sewer systems, and structural steel engineering [1] - The company holds multiple engineering category registrations recognized by the Hong Kong government and has a long history of participating in government-led infrastructure projects [1] Financial Performance - For the 12 months ending February 28, 2025, KWF Group reported approximately $13 million in revenue [1] IPO Details - The IPO application was submitted confidentially on May 14, 2025, with plans to list on the NASDAQ, although the final stock code is yet to be determined (temporary code: KWFG.RC) [1] - Pacific Century Securities and Revere Securities are appointed as joint bookrunners for the offering [1] - The IPO application is pending SEC approval, and the issuance timeline and pricing may adjust based on market conditions [1]

Group 1 - KWF Group Holding, a Hong Kong civil engineering subcontractor, filed for an IPO to raise up to $8 million, planning to list on NASDAQ with a proposed share price of $4 [1][4] - The company aims to issue 2 million shares, which would value it at approximately $10.8 million [1] - KWF Group specializes in public sector infrastructure projects, including earthworks, road drainage, sewerage, and structural steel engineering [1] Group 2 - For the fiscal year ending February 28, 2025, KWF Group reported revenues of $12.51 million, a significant increase from $3.15 million in the previous year [5] - The company's gross profit for the same period is projected to be $1.47 million, compared to $361,149 in the prior year [5] - KWF Group's net income is expected to reach $1.01 million, up from $445,115 in the previous year [5] Group 3 - Pacific Century Securities and Revere Securities are acting as co-book runners for the IPO [6]

Summary of Key Points Core Viewpoint The Hong Kong Stock Exchange has seen significant activity in the past week, with 34 companies submitting applications, 3 companies passing hearings, 9 companies going public, and 8 new stocks listed. Group 1: Company Filings - 34 companies submitted applications for listing [1] - Notable companies include: - **Stand Robot**: A leading provider of industrial intelligent mobile robot solutions, projected revenues of approximately 96.27 million, 162 million, and 251 million RMB from 2022 to 2024, with losses of 128 million, 100 million, and 45.14 million RMB respectively [2] - **Chengtai Technology**: Focused on millimeter-wave radar products, projected revenues of approximately 57.65 million, 157 million, and 348 million RMB from 2022 to 2024, with losses of 79.14 million, 96.6 million, and 21.77 million RMB respectively [3] - **Magia Technology**: A leading provider of autonomous intelligent systems, projected revenues of approximately 455 million, 663 million, and 930 million RMB from 2022 to 2024, with losses of 759 million, 742 million, and 780 million RMB respectively [4] - **CoolSmart Technology**: Specializes in end-to-end smartphone solutions, projected revenues of approximately 1.713 billion, 2.302 billion, and 2.717 billion RMB from 2022 to 2024, with profits of 110 million, 203 million, and 207 million RMB respectively [5] - **Kailesi Technology**: A comprehensive intelligent logistics robot expert, projected revenues of approximately 657 million, 551 million, and 721 million RMB from 2022 to 2024, with adjusted losses of 117 million, 123 million, and 50.45 million RMB respectively [7] Group 2: Company Performance - **BlueFocus Communication Group**: A leading marketing company in China, projected revenues of approximately 36.683 billion, 52.616 billion, and 60.797 billion RMB from 2022 to 2024, with net profits of -2.175 billion, 117 million, and -291 million RMB respectively [9] - **Shangmi Technology**: A leading provider of commercial IoT solutions, projected revenues of approximately 3.404 billion, 3.071 billion, and 3.456 billion RMB from 2022 to 2024, with profits of 160 million, 101 million, and 181 million RMB respectively [10] - **Health 160 International**: A pharmaceutical wholesaler and digital healthcare service provider, projected revenues of approximately 526 million, 629 million, and 621 million RMB from 2022 to 2024, with losses of 120 million, 106 million, and 108 million RMB respectively [24] Group 3: New Listings - 8 new stocks were listed, including: - **Yaojie Ankang-B**: Listed on June 23, 2025, closing at 23.50 HKD with a gain of 78.71% [49] - **Bai Ze Medical**: Listed on June 23, 2025, closing at 6.00 HKD with a gain of 42.18% [49] - **Sanhua Intelligent Control**: Listed on June 23, 2025, closing at 22.50 HKD with a slight decline of 0.13% [49] - **Cao Cao Mobility**: Listed on June 25, 2025, closing at 36.00 HKD with a decline of 14.16% [49]