Core Viewpoint - China Qinfa (00866) has been included in the MSCI Global Small Cap Index following a recent review by MSCI, with the adjustment effective after the market close on November 24, 2025 [1] Group 1 - The MSCI Global Small Cap Index is designed to measure the performance of small-cap companies in the market [1] - MSCI indices are referenced by international professional investment institutions [1]

Core Viewpoint - MSCI announced the results of its quarterly index review for August 2025, with several companies, including InnoCare Pharma-B (09606), being added to the MSCI Global Small Cap Index, marking their entry into the "global asset" category [1] Group 1 - The adjustment will take effect after the market closes on August 26 [1] - Newly included companies will experience increased trading volume during the closing auction on the inclusion day due to passive fund buying [1] - While the short-term impact on stock prices is limited, the long-term benefits will be seen in terms of funding, valuation, and brand recognition [1]