Core Insights - In 2025, Baohui Financial Holdings achieved significant success by assisting 15 companies in listing on the Hong Kong Stock Exchange, raising over HKD 7.5 billion in total capital [1] - The Hong Kong IPO market experienced a strong recovery, with total fundraising reaching HKD 272.1 billion, a year-on-year increase of 210%, reclaiming its position as the leading global IPO market [1] Group 1: Company Performance - Baohui Financial Holdings served as joint bookrunner and joint lead manager for the top three fundraising companies: Junda Co., Ltd. (2865.HK), Green Tea Group (6831.HK), and Zhengli New Energy Co., Ltd. (3677.HK) [1] - The company completed several notable IPO projects throughout 2025, including those for Weisheng Pharmaceutical (2561.HK), Jiangsu Zhengli New Energy (3677.HK), and Hainan Junda New Energy (2865.HK) [3][4] - Baohui Financial Holdings introduced cornerstone investors for various projects, significantly contributing to the successful issuance of shares [1][5] Group 2: Market Trends - The Hong Kong IPO market saw a total of 100 IPO projects, with three making it to the global top ten IPOs, further solidifying Hong Kong's status as a premier fundraising center [1] - The company expressed confidence in the future of the Hong Kong IPO market and aims to continue facilitating quality companies in accessing capital markets [5] Group 3: Technological Advancements - In addition to its IPO business, Baohui Financial Holdings launched an upgraded trading platform and Baohui Financial APP to enhance user experience and provide comprehensive financial services [5] - The company is committed to financial technology innovation while maintaining a strong focus on its IPO underwriting business [5] Group 4: Regulatory Compliance - Baohui Securities, a subsidiary of Baohui Financial Holdings, is licensed by the Hong Kong Securities and Futures Commission for regulated activities, holding licenses for Type 1 and Type 4 activities [6] - Baohui Capital also holds licenses for Type 1 and Type 6 activities and possesses sponsorship qualifications [6]

Group 1 - The Hong Kong stock market has shown strong performance, with a significant rebound expected in 2025, primarily driven by southbound capital from mainland investors [1] - Southbound capital has reached a record net inflow of 1.38 trillion HKD this year, contributing to a nearly 30% increase in the Hang Seng Index and over 25% in the Hang Seng Tech Index [1] - The popularity of ETFs has surged, with notable inflows into technology and thematic ETFs, reflecting high confidence among mainland investors in the tech sector [1] Group 2 - The convenience of accessing the Hong Kong stock market for mainland investors has been a key factor in the significant growth of ETF investments this year [2] - The deepening of the mutual market access mechanism and the proliferation of financial technology have made it easier for investors to open accounts and trade [2] - The outlook for southbound capital remains positive, particularly in sectors like technology, internet, pharmaceuticals, and high-end manufacturing, as the market continues to recover [2] Group 3 - Baihui Financial Holdings operates Baihui Securities, which is licensed by the Hong Kong Securities and Futures Commission for regulated activities [3] - Baihui Capital holds multiple licenses and has sponsorship qualifications, enhancing its capabilities in the financial market [3]