GMT EIGHT - OPPORTUNITIES IN CHINA

The S&P 500 index undergoes a quarterly reorganization: Bloom Energy (BE.US) stands out due to AI computing power demand, while Illumina (ILMN.US) and Everpure (P.US) are included.

S&P Dow Jones Indices announced on Friday that Bloom Energy Corp. (BE.US), Illumina Inc. (ILMN.US), and Everpure Inc. (P.US) will be added to the S&P 500 Index in the latest quarterly rebalancing.

Will oil prices experience a "big plunge"? Bessent: After the end of the Iran conflict, crude oil may fall to $40-50.

U.S. Treasury Secretary Besant stated that once the Iran conflict ends, international oil prices could see a significant drop, potentially falling to $40 to $50 per barrel.

AI investment drives a rebound in U.S. manufacturing jobs, and the strong non-farm payroll adds leverage for a rate hike in September. Cleveland Fed President turns hawkish again.

U.S. job growth in August was unexpectedly strong, with the manufacturing, construction, and other goods-producing sectors serving as important driving forces in this round of employment expansion.

The probability of an interest rate hike in September has surpassed 60%! The U.S. non-farm payrolls were unexpectedly strong, but the real "test" will come next week with the inflation data.

In August, U.S. non-farm employment growth unexpectedly exceeded market expectations, indicating that the labor market, previously thought to be clearly cooling, still exhibits strong resilience, further strengthening the case for the Federal Reserve to raise interest rates in September.

Cybercab's major event "a lot of noise but little action" leaves key issues unresolved, with Tesla, Inc. (TSLA.US) stock price plummeting nearly 6%.

Tesla's stock price fell about 6% on Friday, following the company's highly anticipated Cybercab update event, but the new information disclosed was limited, failing to meet investor expectations.

Overnight US stocks | August's non-farm payrolls significantly exceeded expectations, strengthening bets on a Fed interest rate hike. All three major indices fell, while SanDisk (SNDK.US) rose by 11.9%.

As of the close, the Dow Jones Industrial Average fell 272.51 points, a decrease of 0.51%, closing at 53,413.60 points; the S&P 500 index dropped 29.29 points, a decline of 0.38%, ending at 7,718.42 points; the Nasdaq Composite Index decreased by 77.07 points, a drop of 0.29%, closing at 26,506.99 points.

US Stock Market Move | Sales of Q2 core product yoga pants plummeted 20%, Lululemon Athletica (LULU.US) dropped over 18%.

As of the time of this report, the stock has fallen over 18%, priced at $99.79.

MeiG Smart Technology (03268) plans to invest 70 million yuan to establish a joint venture company, focusing on AI data center optical communication business.

Meige Intelligent (03268) announced that on September 4, 2026, the company, Zhaoge Chuangye, and Xingyuan Optoelectronics entered into a shareholders' agreement, whereby the parties agreed to establish a joint venture in Shanghai, China. The joint venture is intended to have a registered capital of 100 million yuan, with the company, Zhaoge Chuangye, and Xingyuan Optoelectronics contributing 70 million yuan, 20 million yuan, and 10 million yuan respectively.

JENSCARE-B(09877): LuX-ValvePlus has been approved by the Hong Kong Department of Health.

Jian Shi Technology-B (09877) announced that the company's percutaneous tricuspid valve replacement system, LuX-ValvePlus, has recently obtained approval from the Department of Health of the Hong Kong Special Administrative Region of the People's Republic of China. The company is actively promoting the commercialization of this product in the Hong Kong region.

REACH NEW HLDGS (08471) plans to increase its share capital and conduct a rights issue on the basis of 1 for 3.

Xinda Holdings (08471) announced that the company suggests increasing its statutory share capital and conducting a rights issue on the basis of issuing 3 rights shares for every 1 share held as of the record date.

Trump is introducing a new strategy! Linking interest rates to trade deficits: If rates are not lowered, he will consider halting business with countries that have trade deficits.

U.S. President Trump on Friday once again applied strong pressure on the Federal Reserve for significant interest rate cuts, and for the first time linked monetary policy directly to trade policy.

MABWELL-B(02493): 9MW1911 will present the latest clinical data in poster form at the 2026 European Respiratory Society Annual Meeting (ERS).

Maiwei Biotechnology-B (02493) announced that it will present the clinical research data from the Phase Ib/IIa study of 9MW1911 for patients with moderate to severe COPD who have a history of smoking in poster format at the 2026 European Respiratory Society (ERS) Annual Congress to be held in Barcelona from September 5 to September 9, 2026. The preliminary efficacy results indicate that 9MW1911 shows promising therapeutic signals in reducing acute exacerbations of COPD, with a significant downward trend in the annualized exacerbation rate observed in the moderate to severe COPD group receiving medium to high doses.

SHENZHEN INVEST (00604) subsidiary Shenye Wansheng has entered into a debt offset agreement.

Shenzhen Holdings (00604) announced that on September 4, 2026 (after the market closes), Shenye Wansheng (a non-wholly-owned subsidiary of the Company) will enter into a debt offset agreement. Shenye Wansheng shall, on behalf of and representing Shenye Group, transfer the ownership of the offset property to Zhongshan Wanye (which holds the equity to be sold immediately prior to the completion of the equity transfer) or its designated entity to settle the consideration of RMB 113 million owed by Shenye Group to Zhongshan Wanye under the equity transfer agreement (related equity transfer consideration). The transfer of the offset property will be used to offset the equivalent outstanding shareholder loans owed by Shenye Wansheng to Shenye Group.

BAMA TEA (06980) will distribute an interim dividend of HKD 1.3873506 per share on October 28.

Baima Tea Industry (06980) announced that it will distribute an interim dividend of HKD 1.3873506 per share on October 28, 2026.

US Stock Market Move | Apple Inc. (AAPL.US) fell over 2% as the mass production process of its first foldable iPhone is far below expectations.

On Friday, Apple (AAPL.US) dropped over 2%, closing at $320.91.

FOURSEMI (03625) has been included in the Hang Seng Composite Index constituent stocks and has also been added to the Stock Connect list.

Fourier (03625) announced that starting from September 7, 2026, the company's H shares will be included in the constituents of the Hang Seng Composite Index and will be added to the Southbound Trading Stock Connect list.

A-shares Evening Highlights | Non-farm Payrolls Greatly Exceed Expectations, Stocks and Bonds Both Under Pressure! The Market Bets on the Federal Reserve's Interest Rate Hike This Year.

In August, the United States added 162,000 non-farm jobs, compared to an expected increase of 55,000, leading the market to increase bets on an interest rate hike by the Federal Reserve in September.

US Stock Market Move | The Philadelphia Semiconductor Index surged over 3%, with NVIDIA Corporation (NVDA.US) stock price approaching its all-time high.

U.S. semiconductor stocks strengthened, with the Philadelphia Semiconductor Index's increase expanding to over 3%.

US Stock Market Move | Tesla, Inc. (TSLA.US) fell 5% as the Cybercab's no-steering-wheel design prompts regulatory scrutiny.

On Friday, Tesla (TSLA.US) fell by 5%, closing at $357.49.

UMP (00722) issues profit warning, expects an annual net loss of approximately HKD 76 million.

United Medical (00722) announced that although the group's revenue for the year ending June 30, 2026, is expected to remain relatively stable compared to the same period in 2025, it is anticipated that the group will incur a net loss of approximately HKD 76 million in the fiscal year 2026, compared to a net profit of approximately HKD 32 million for the year ending June 30, 2025.

US Stock Market Move | The concept stocks of storage chips saw a general rise, with SanDisk (SNDK.US) gaining over 5%.

On Friday, storage chip concept stocks surged, with SanDisk (SNDK.US) rising over 5%.

ALEBUND-B (09637) H shares have been included in the Hong Kong Stock Connect and the Hang Seng Composite Index.

Li Bang Pharmaceuticals-B (09637) announced that, according to the relevant arrangements and adjustments of the Hong Kong Stock Connect, the company's H-shares have been included in the list of eligible securities for the Hong Kong Stock Connect, effective from September 7, 2026 (Monday). From the effective date, eligible investors from Mainland China can directly buy and sell H-shares through the relevant mechanisms of the Hong Kong Stock Connect.

August non-farm payrolls exceeded expectations! Interest rate hike expectations rise, and the U.S. labor market is "accelerating again."

Data released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by 162,000 in August, significantly higher than the average monthly gain of only 31,000 over the previous 12 months and far exceeding the market expectation of 55,000.

JOLIMARK (02028) controlling shareholder plans to reduce the company's shares by 120 million shares to 445 million shares.

Yingmei Holdings (02028) announced that the company's board of directors was informed by Mr. Au Pak Hin, the executive director and chairman of the board, and Jiangyu Holdings Group Limited (the seller) (the controlling shareholder of the company, which is an indirect wholly-owned company controlled by Mr. Au Pak Hin), that the seller has entered into a placement agreement with a placement agent dated September 4, 2026 (after trading hours). Based on all reasonable inquiries made by the directors, they are fully aware, have understood, and are convinced that the placement agent and its ultimate beneficial owners are independent of the company, its subsidiaries, and its related parties, and that there are no connections between them.

Hedge fund giant Citadel accelerates entry into shale oil! Positioning physical energy assets amid geopolitical risks.

According to sources, hedge fund giant Citadel is seeking to acquire U.S. shale oil production assets.

Are dangerous signals emerging in the US stock market? Under the pressure of high interest rates, "canary in the coal mine" utility stocks are the first to turn around, and historical trends suggest the broad market may face pressure.

If historical data can serve as a reference, then the decline in the utility sector may also indicate that the broader stock market will suffer.

New Stock News | It is reported that Cloud Exile Technology secretly submitted an IPO application to the Hong Kong Stock Exchange, aiming to go public by the end of the year.

According to reports citing sources, Yunxi Technology has submitted a listing application to the Hong Kong Stock Exchange confidentially, aiming to go public by the end of this year, although the specific timing and fundraising amounts may change.

TRAD CHI MED (00570): The innovation drug for category 1 traditional Chinese medicine, Xingpi Jieyu Tablets, has been approved for market launch.

China Traditional Chinese Medicine (00570) announced that the National Medical Products Administration has accepted the registration application for the Class 1 innovative traditional Chinese medicine, Yushuda tablets, submitted by its subsidiary, China National Pharmaceutical Group Tongjitang (Guizhou) Pharmaceutical Co., Ltd. After completing a series of procedures including technical review, on-site inspection, and sample testing, the Class 1 innovative traditional Chinese medicine, Xingpi Jieyu tablets (previously referred to in the announcement as "Yushuda tablets," which is the approved official generic name granted by the National Medical Products Administration), has been approved for marketing. The holder of the drug's marketing authorization is Tongjitang Pharmaceutical.

KN HOSPITAL (02120) will distribute an interim dividend of HKD 2.081 per 10 shares on October 5.

Corning Hospital (02120) announced that it will distribute a mid-term dividend of HKD 2.081 per 10 shares on October 5, 2026.

SEER TECH (06106) is officially included in the Hong Kong Stock Connect.

Xian Gong Intelligent (06106) has officially been included in the Hong Kong Stock Connect.

Greentown China (03900) achieved a total contract sales amount of approximately 122.8 billion yuan in the first eight months.

Greentown China (03900) announced that in August 2026, Greentown Group achieved sales of 1,468 units from self-invested projects, with a sales area of approximately 200,000 square meters. The sales amount for the month was approximately RMB 7.5 billion, with an average sales price of about RMB 37,369 per square meter. From January to August 2026, Greentown Group achieved a contracted sales area of approximately 2.2 million square meters, with a contracted sales amount of approximately RMB 72.6 billion, of which the attributable equity amount for Greentown Group was about RMB 49.8 billion. As of August 31, 2026, there was also a cumulative amount of approximately RMB 1.6 billion in signed subscription agreements that had not yet been converted into sales contracts, with the attributable equity amount for Greentown Group being approximately RMB 1.1 billion.

J&T EXPRESS-W (01519) has granted a total of 45,696,700 incentive shares in accordance with the 2024 Share Incentive Scheme.

Jitu Express-W (01519) announced that on September 4, 2026, the company will grant a total of 45,696,700 Class B shares as rewards to 210 beneficiaries who are employees of the Group, in accordance with the 2024 Stock Incentive Plan.

QIYUNSHAN FOOD (02797) plans to implement full circulation of H shares and file with the China Securities Regulatory Commission.

Qiyun Mountain Food (02797) announced that the company submitted a filing application to the China Securities Regulatory Commission on September 4, 2026, regarding the proposed implementation of full circulation of H-shares, aiming to convert 75 million non-listed shares held by certain shareholders into H-shares on a one-to-one basis. Upon completion of all filing requirements (including filing with the China Securities Regulatory Commission) and obtaining all relevant approvals (including approval from the Stock Exchange for conversion and listing), and in compliance with all applicable laws, regulations, and rules, the 75 million non-listed shares will be converted into 75 million H-shares, accounting for approximately 75.0% of the total issued share capital of the company as of the date of this announcement, and will be listed and traded on the Stock Exchange.

EPIWORLD (02726) has officially been included in the Hong Kong Stock Connect, opening up the channel for mainland investors to participate.

Hantian Tiancheng (02726) has officially been included in the Hong Kong Stock Connect.

Short positions in the yen are beginning to unwind! Capital inflows and the closing of carry trades may trigger a "reversal trend."

Just six weeks ago, the yen was at its lowest point against the dollar in forty years. Now, a combination of multiple factors has finally begun to shake the long-held bearish bets against the yen, which has been in a downturn for quite some time, now approaching a turning point in its fate.

DIAGENS-B (02526) has officially been included in the Stock Connect, opening up a channel for mainland investors to participate.

Deshi-B (02526) has officially been included in the Hong Kong Stock Connect.

GALAXIS TECH (02729) has officially been included in the Hong Kong Stock Connect, opening a channel for mainland investors to participate.

According to the relevant provisions of the Shanghai Stock Exchange Shanghai-Hong Kong Stock Connect Implementation Measures, Kailaisi Technology (02729) has officially been added to the list of securities eligible for trading under the Hong Kong Stock Connect. This adjustment will take effect on September 7 (Monday).

Baidu Group - W (09888) Class A ordinary shares are about to be included in the Stock Connect.

Baidu Group-W (09888) announced that, according to the notice issued by the Shanghai Stock Exchange on September 4, 2026, regarding the adjustment of the stocks under the Shanghai-Hong Kong Stock Connect, the Company's Class A ordinary shares have been included as securities under the southbound trading of the Shanghai-Hong Kong Stock Connect, effective from September 7, 2026.

BAMA TEA (06980) will distribute a mid-term dividend of 1.2 yuan per share on October 28.

Baima Tea (06980) announced that it will distribute a mid-term dividend of 1.2 yuan per share for the six months ending June 30, 2026, on October 28, 2026.

FOURSEMI (03625) officially included in the Hong Kong Stock Connect, opening up a channel for mainland investors to participate.

According to the relevant provisions of the Implementation Rules for the Shanghai-Hong Kong Stock Connect, Fourier (03625) has officially been added to the list of eligible securities for the Hong Kong Stock Connect. This adjustment will take effect on September 7 (Monday).

A-share Announcement Selection | H&R Century Union Corporation (000892.SZ) warns of risks after 5 days and 4 limit-ups.

Huanrui Century announced that the company's AI short drama business has not yet formed a scale effect in terms of the number of launches, revenue size, and cost-effectiveness conversion.

TOPNC (07688) H shares have been included in the Hang Seng Composite Index constituents and added to the Stock Connect list.

Topcon CNC (07688) announced that, starting from September 7, 2026, the company's H-shares will (i) be included in the Hang Seng Composite Index constituents by Hang Seng Indexes Company Limited and (ii) be added to the list of Hong Kong Stock Connect eligible stocks.

Shenzhen Bureau of Industry and Information Technology: HQVT (01392) "Zhiyuan Origin Large Model" is proposed to be included in the official list of Shenzhen! It can enjoy the benefits of the model voucher policy.

The Shenzhen Municipal Bureau of Industry and Information Technology (Industrial and Information Technology Bureau) has announced the list of model service agencies planned for inclusion in 2026. Haiqing Zhiyuan (01392) has successfully been selected due to its self-developed "Zhiyuan Origin Large Model."

YUEXIU PROPERTY (00123) has acquired a parcel of land in Tianhe District, Guangzhou, through its subsidiary for approximately 2.481 billion yuan.

Yuexiu Property (00123) announced that on September 4, 2026, the company, through its subsidiary Guangzhou Tianying Real Estate Development Co., Ltd. (in which it holds a 95.475% stake), successfully acquired the land parcels AT1003083 and AT1003084 located to the east of Daguan Road in Tianhe District, Guangzhou, through a public bidding process for approximately RMB 2.481 billion.

EXTREME VISION (06636) has entered into a strategic cooperation agreement respectively with Jihu GitLab and BSI Management Consulting.

Jizhi Jiao (06636) announced that on August 20, 2026, the company entered into a strategic cooperation agreement with Jihoo Information Technology (Hubei) Co., Ltd. (Jihoo GitLab), and on August 28, 2026, it signed a strategic cooperation agreement with Best Management Consulting Co., Ltd. (Best Management Consulting). The strategic cooperation agreements with Jihoo GitLab and Best Management Consulting are collectively referred to as the "Strategic Cooperation Agreements."

TONGSHIFU (00664) plans to invest no more than HKD 118 million to repurchase H shares.

Copper Master (00664) announced that, based on confidence in the company's future development prospects and recognition of the company's long-term value, the board of directors or its authorized representatives intend to allocate no more than HKD 118 million of its own funds to repurchase H shares, starting from the date of this announcement until the expiration of the share repurchase authorization, in order to safeguard the interests of shareholders and enhance investor confidence. The H shares repurchased under the share repurchase authorization may be cancelled or held as treasury shares.

Hong Kong and Slovenia sign a double taxation agreement, with multiple withholding tax rates reduced.

The Hong Kong government has signed a double taxation agreement with Slovenia, resulting in a reduction of several withholding tax rates.

SISRAM MED (01696) will distribute a final dividend of HKD 0.095 per share on September 11.

Furuire Medical Technology (01696) announced that it will distribute a final dividend of HKD 0.095 per share for the year ended December 31, 2025, on September 11, 2026.

NEWTON RES (01231) has signed a public cloud service agreement with a cloud service provider.

Xin (01231) announced that on September 3, 2026, its indirectly wholly-owned subsidiary entered into a public cloud service agreement with Xiangli Investment Limited (Xiangli) and an independent third-party cloud service provider. According to the service agreement, the service provider will provide Xiangli with access to high-performance graphics processing unit (GPU) public cloud computing power for a period of 36 months, to support the Group's development and to provide cloud computing, artificial intelligence (AI), and related technology services. A GPU refers to an electronic circuit that accelerates the rendering of images, videos, and graphics through high-speed mathematical computations.

CT VISION (00994): Signed a Memorandum of Understanding with KEY ASIC BERHAD to explore potential cooperation in the construction and operation of a green AI data center in Malaysia.

Zhongtian Hongxin (00994) announced that on September 3, 2026, the company entered into a memorandum of understanding with Key ASIC Berhad (KEY ASIC, a company listed on the Malaysian Stock Exchange). According to the memorandum of understanding, the company and KEY ASIC will explore potential cooperation regarding the construction and operation of a green AI data center (AIDC) in Malaysia. The AIDC is preliminarily planned to have a total IT load capacity of approximately 300 megawatts, with an expected power usage effectiveness (PUE) not exceeding 1.2. Moreover, the proportion of green energy consumed by the AIDC (including but not limited to wind power, photovoltaics, biomass, and other green energy sources) will not be less than 50% in principle.

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