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的任何損 失承擔任何責任。 OURGAME INTERNATIONAL HOLDINGS LIMITED 聯 眾 國 際 控 股 有 限 公 司* （ 根據開曼群島法律註冊成立之有限公司） （股份代號：6899） 達成復牌指引 及 恢復買賣 本公司之財務顧問 本公告乃由聯眾國際控股有限公司（「本公司」）根據香港聯合交易所有限公司（「聯交所」）證 券上市規則（「上市規則」）第13.09 (2) (a)條以及香港法例第571章證券及期貨條例第XIVA部項 下內幕消息條文（ 定義見上市規則）作出。 茲提述(i)本公司日期為二零二四年三月二十七日、二零二四年三月二十八日、二零二四年 四 月 十 九 日 、 二 零 二 四 年 五 月 十 日 、 二 零 二 四 年 五 月 二 十 一 日 、 二 零 二 四 年 六 月 二 十 七 日、二零二四年六月二十八日、二零二四年八月十一日、二零二四年八月十三日、二零二 四年八月三十日、二零二四年九 ...

Core Insights - The report highlights a significant increase in gold prices, reaching a new high of $3,830, with a year-to-date increase of nearly 46% [8] - The focus on AI technology continues to grow, with advancements in inference applications expected to drive industry transformation and enhance corporate profitability [8] - The report identifies key investment themes for the coming years, including AI, power infrastructure, and medical automation [8] Market Overview - The U.S. stock market showed positive movement, with the Dow Jones increasing by 68 points and the S&P 500 rising by 0.26% [10] - The Hang Seng Index closed up by 494 points (1.9%), reflecting optimism in the Hong Kong market following strong industrial profit data from mainland China [12] - The report notes that the global market is currently observing the U.S. employment data to assess the Federal Reserve's interest rate outlook [10] Investment Strategies - The report suggests a focus on "steady growth and diversified defense" in the fourth quarter, emphasizing the importance of active management and precise timing in a volatile environment [8] - High-yield bonds and emerging market hard currency bonds are highlighted as attractive investment options [8] - Specific stock recommendations include ASMPT, which is positioned well in the semiconductor and AI chip sectors, and Jiuzhou Intelligent Investment Holdings, which is expected to benefit from increased market liquidity [18][20] Economic Data - Key economic indicators to be released include China's manufacturing and non-manufacturing PMI for September, with expectations of 49.6 and 50.2 respectively [17] - The report also mentions the upcoming U.S. consumer confidence index and job openings data, which are critical for understanding the economic landscape [17]

Group 1 - The core point of the article is that Chuangmeng Tiandi (stock code: 1119) announced a financing plan through the placement of new shares, issuing 38,085,937 shares at a price of 1.024 HKD per share, which is a discount of approximately 3.4% compared to the previous trading day's closing price of 1.06 HKD [1] - The total proceeds from the share placement will be used to offset the franchise fees payable to the subscribers by Shenzhen Chuangmeng, with no actual cash inflow from this capital raising activity [1] - The newly issued shares represent about 2.2% of the existing issued share capital and will account for approximately 2.1% of the enlarged share capital after completion [1] Group 2 - Chuangmeng Tiandi is recognized as a leading digital entertainment platform in China, primarily engaged in the development and operation of high-quality games, as well as managing its self-developed user community platform, Fanbook [1] - The share placement is expected to be completed by August 8, 2025, under the general authorization granted by the shareholders' meeting [1]

Market Overview - The Hang Seng Index is facing resistance at 24,700 points, with a forecasted P/E ratio of 11 times over the next 12 months [2] - The index experienced fluctuations, reaching a high of 24,672 points before closing at 24,498 points, down 0.1% [5] Macro Focus - U.S. retail sales increased by 0.6% in June, exceeding expectations and reversing a two-month decline [3][8] - The unemployment rate for individuals aged 16 to 24 in mainland China decreased to 14.5%, marking a four-month decline [7] - The People's Bank of China conducted a reverse repurchase operation of 450.5 billion yuan, maintaining the interest rate at 1.4% [7] Company News - Luk Fook Holdings reported a 13% increase in overall retail value for the first quarter, reversing previous declines [9] - Federation Pharmaceutical is raising approximately 2.2 billion HKD through a share placement at a discount of 7.9% [9] - Ideal Auto has opened pre-orders for its i8 model, with expected prices starting from 350,000 yuan [9] - October Rice reported a projected net profit increase of at least 90% for the first half of the year [9] - Changjie Tong anticipates a profit of 31 to 37 million yuan for the first half of the year, driven by strong cloud service performance [9] Sector Insights - The biotechnology sector is expected to benefit from new measures supporting the high-quality development of innovative drugs [6] - The tourism sector is seeing an increase in cross-border traffic, indicating a potential rise in summer tourism [6] - Brokerage stocks are gaining traction as the Shanghai Composite Index surpasses 3,500 points, continuing the trend of A+H listings [6]

Group 1: Individual Stock Recommendations - The report recommends buying shares of Lao Pu Gold (6181) at a current price of 914.00 HKD, with a short-term target price of 994.00 HKD, indicating a potential upside of 14.3%. The catalysts for this recommendation include strong same-store sales growth and the launch of a new product series expected to boost sales in the second half of 2025 [2][12] - The report also recommends buying shares of Kingsoft (3888) at a current price of 36.60 HKD, with a short-term target price of 41.30 HKD, indicating a potential upside of 15.4%. The catalysts include the upcoming launch of new games expected to drive revenue growth in the second half of 2025 [2][15] Group 2: Market Overview and Economic Indicators - The Hang Seng Index is currently facing resistance at the March high of 24,874 points, with recent financial policies from mainland China aimed at stabilizing the market. The market anticipates further policy measures to support economic growth [3][6] - The report highlights that the U.S. inflation rate is moderating, which has led to a slight increase in U.S. stock indices. The U.S. Producer Price Index (PPI) showed a mild increase of 0.1% month-on-month in May, indicating a stable inflation environment [4][16] Group 3: Industry Insights - The report notes that the traditional gold jewelry market in mainland China has experienced a compound annual growth rate (CAGR) of 65% from 2018 to 2023, with expectations for a CAGR of approximately 22% from 2023 to 2028 [12] - The report indicates that Kingsoft's gaming and office software revenue is expected to improve sequentially, with a projected CAGR of 13% for revenue and 22% for net profit from FY24 to FY27 [15]

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [1]. Core Insights - The report highlights a significant increase in social financing in China, with an increment of 16.34 trillion yuan in the first four months of the year, which is 3.61 trillion yuan more than the same period last year [3]. - The broad money supply (M2) reached 325.17 trillion yuan, reflecting an 8% year-on-year growth, while the narrow money supply (M1) increased by 1.5% to 109.14 trillion yuan [3]. - A reduction in the reserve requirement ratio by 0.5 percentage points is expected to inject approximately 1 trillion yuan of long-term liquidity into the market [3]. - The establishment of a "National Venture Capital Guidance Fund" aims to support high-level technological self-reliance and innovation [3]. Summary by Sections Market Performance - The Hang Seng Index closed at 23,640.65, up by 2.30% [2]. - The US Dow Jones Index decreased by 0.21% to 42,051.06, while the Nasdaq Index increased by 0.72% to 19,146.81 [2]. Company News - Tencent reported a net profit of 478.21 billion yuan for the first quarter, marking a 14.2% year-on-year increase [5]. - Weida's annual revenue was reported at 2.177 billion USD, a 1.5% increase year-on-year, while net profit decreased by 5.9% to 157 million USD [5]. - The demand for storage chips has surged, leading to rapid growth in the packaging substrate business [5].