GMT EIGHT

HK Bull/Bear Outstanding Qty Ratio(58:42) | February 22nd

As of February 22, the latest bull-bear street ratio of the Hang Seng Index is 58:42. The data from the CITIC SEC bull-bear certificate street distribution chart shows that the heavy bear certificate area is in the range of 23500-23599, with 1001 new bear certificates in this range, an increase of 494 from the previous trading day; the area with the most new additions is the range of 23600-23699, with 860 new bear certificates in this range, an increase of 679 from the previous trading day. The heavy bull certificate area is in the range of 22100-22199, with 421 new bull certificates in this range, a decrease of 792 from the previous trading day; the area with the most new additions is the range of 22800-22899, with 255 new bull certificates in this range, an increase of 255 from the previous trading day.

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CONGYU INTE AGR(00875) plans to issue 75.8514 million shares, raising approximately 418 million Hong Kong dollars net.

CONGYU INTE AGR(00875) announced that on February 21, 2025, the company plans to issue a total of 75.8514 million subscription shares to subscribers, equivalent to 16.67% of the total number of shares issued after the completion of the recent enlargement. The subscription price is HK$0.560 per share. The total amount of funds raised from the issuance of subscription shares will be HK$42.4768 million. The net amount of funds raised from the subscription will be approximately HK$41.8 million. The company plans to use HK$25 million of the net funds for the group's procurement activities; HK$14 million to repay other loans and accounts payable; and HK$2.8 million for the group's general operating funds.

21/02/2025

TRADEGO (08017) spent 592,600 Hong Kong dollars to repurchase 1.76 million shares on February 21st.

TRADGO (08017) announced on February 21, 2025, to repurchase 1.76 million shares at a cost of HKD 592,600.

21/02/2025

TRENDZON HLDG(01865): Zhao Jianhong appointed as Executive Director

TRENDZON HLDG (01865) announced that as of February 21, 2025, Mr. Dong Changzhou has been appointed as a non-executive director. Ms. Zhao Jianhong has been appointed as an executive director.

21/02/2025

TRENDZON HLDG (01865) intends to change its name to "Pengao Holdings Group Limited"

TRENDZON HLDG (01865) announced that the board of directors recommends changing the company's English name from "Trendzon Holdings Group Limited" to "Pengo Holdings Group Limited", and changing its dual Chinese and foreign names from "TRENDZON HLDG Group Limited" to "Pengo Holdings Group Limited".

21/02/2025

QINGDAO PORT (06198) plans to adjust the original restructuring plan to only acquire 100% equity of the oil company and 50% equity of Rizhao Shihua.

QINGDAO PORT (06198) announced that, due to the bankruptcy of some important customers of the target companies in the original restructuring plan, such as Joint Pipeline and Gangyuan Pipeline, not progressing as expected, and in order to protect the interests of the company and small and medium shareholders, the company has decided to withdraw the original restructuring plan application from the Shanghai Stock Exchange. The company plans to adjust the original restructuring plan to no longer acquire 53.88% equity of Joint Pipeline and 51.00% equity of Gangyuan Pipeline, while retaining the acquisition of 100% equity of an oil company and 50.00% equity of Rizhao Sihuahua in cash. This adjustment constitutes a significant revision under Rules 14.36 and 14A.35 of the Hong Kong Listing Rules. The company has signed termination agreements with Rizhao Port Co., Ltd. Group and Yantai Port Group on the original restructuring plan on February 21, 2025, with no breach of contract by the company or related parties. On February 21, 2025, the Shanghai Stock Exchange decided to terminate the review of the company's original restructuring plan. Due to the adjustment of the original restructuring plan, the company entered into an asset purchase agreement with Rizhao Port Co., Ltd. Group on February 21, 2025. Under this agreement, the company conditionally agreed to purchase the target assets in cash, namely 100% equity of the oil company, and 50.00% equity of Rizhao Sihuahua, for a total consideration of RMB 4.62865 billion. The oil company is a wholly-owned subsidiary of Rizhao Port Co., Ltd. Group, mainly engaged in liquid bulk cargo port handling, tank storage, and other businesses. As of the date of this announcement, the actual controller of the oil company is the Shandong Provincial State-owned Assets Supervision and Administration Commission. Rizhao Sihuahua is a joint venture of Rizhao Port Co., Ltd. Group and Trade and Development Group, mainly engaged in liquid bulk cargo port handling business. As of the date of this announcement, Rizhao Sihuahua is 50% owned by Rizhao Port Co., Ltd. Group and Trade and Development Group, with the actual controllers being the Shandong Provincial State-owned Assets Supervision and Administration Commission and the State-owned Assets Supervision and Administration Commission of the State Council respectively. The announcement stated that this transaction is an important measure for Shandong Port Group to address competition issues in the industry, injecting quality liquid bulk cargo terminal assets of Rizhao Port Co., Ltd. Group into the company. It is beneficial to harness synergies in relevant businesses, optimize the allocation of port resources in Shandong Province, improve the comprehensive utilization of port resources, avoid resource waste, reduce industry competition, and protect the interests of the company and shareholders.

21/02/2025

WORLD SUPER (08612): Luo Jianhui has been appointed as an independent non-executive director.

WORLD SUPER (08612) announced that Luo Jianhui has been appointed as an independent non-executive director, chairman of the board audit committee, member of the board nomination committee, and member of the board remuneration committee, all appointments will take effect from February 21, 2025.

21/02/2025

CARDIOFLOW-B (02160): ANCHORMAN left atrial appendage occluder system and its guiding system have obtained CE marking approval.

CARDIOFLOW-B(02160) announces that the AnchorMan Left Atrial Appendage Closure System and its guiding system have obtained the CE mark (indicating certification that products sold within the European Economic Area meet health, safety, and environmental standards). The AnchorMan Left Atrial Appendage Closure System and AnchorMan Left Atrial Guiding System are products independently developed by the company's subsidiary, Shanghai Zuoxin Medical Technology Co., Ltd. (Shanghai Zuoxin). The AnchorMan Left Atrial Appendage Closure System is expected to be used for percutaneous closure of the left atrial appendage to prevent left atrial thromboembolism. The AnchorMan Left Atrial Guiding System is compatible with the AnchorMan Left Atrial Appendage Closure System and provides access to the femoral vein and interatrial septum. Both systems have been approved by the China National Medical Products Administration. The AnchorMan Left Atrial Appendage Closure System is currently the only approved semi-closed left atrial appendage closure device in China. Furthermore, obtaining the CE mark approval for the AnchorMan Left Atrial Appendage Closure System and AnchorMan Left Atrial Guiding System signifies that their innovative R&D design and excellent clinical performance have reached international standards. This provides a prerequisite for entering the European structural heart disease market and offers strong support for expanding into more international markets. It is a crucial milestone in the company's development and globalization strategy, with the potential to broaden revenue sources, enhance global competitiveness, and bring more opportunities on the international stage, benefiting more patients with structural heart disease.

21/02/2025

"Shanghai-Hong Kong Collaboration, Opening a New Chapter Together" The Hong Kong Investor Relations Association (HKIRA) Shanghai Chapter held its inaugural summit in Shanghai.

History does not repeat itself, but always rhymes in the same way. Recently, the three major stock indices in Hong Kong have successively reached new highs, and the trading volume of A-shares continues to rise, indicating a positive change in the investment logic of Chinese assets. With the market sentiment improving, investors are beginning to update their understanding of Chinese assets, either actively or passively. On February 21, 2025, the Hong Kong Investor Relations Association (HKIRA) Shanghai Chapter held its first summit. The theme of the summit was "H-Shares Looking Forward Together, Opening a New Chapter", bringing together dozens of guests from Hong Kong and mainland China, with over 2100 online participants. Jing Zhang, the head of the HKIRA Shanghai Chapter, delivered a speech at the opening ceremony and introduced the association's future activities in the Yangtze River Delta region to the guests. The sponsors, Saffar Legal and Edico of Jujing Finance, also presented at the event. Established in 2008, the Hong Kong Investor Relations Association is a non-profit professional association with the mission of "Investor Relations, Achieving Excellence." It advocates setting international standards in investor relations education, promoting best practices in investor relations, and meeting the professional development needs of those interested in investor relations. The summit currently has about 1300 members, with approximately 70% of them being constituents of the Hang Seng Index. The establishment of the Shanghai Chapter is aimed at better serving the growing number of companies in the Yangtze River Delta region listed in Hong Kong, and providing a platform for elite from various industries to deeply engage and exchange ideas. At the summit, Lingxiu Yang, Co-Chief Responsible of Guolian Minsheng Securities Research Institute, elaborated on his understanding of the macroeconomic trends in 2025 under the theme "Above the Turning Point". Yang believes that the market opportunities outweigh the risks in the new year, with a focus on real estate and exports. Market supply and demand are expected to converge, transitioning from liquidity turning points to fundamental turning points. From an industry perspective, attention can be focused on opportunities brought about by reversal of difficulties and changes in business models. Gao Yang, Managing Director of Ruihua Capital, shared with attendees from dozens of listed companies the key disclosure points that public funds and analysts pay attention to, providing valuable insights for listed companies to improve their disclosure work. During the roundtable private session, Ding Sujun, Board Secretary of LC LOGISTICS, Jiang Nan, Director General of Investor Relations of FOSUN INTL, Gao Yang, Managing Director of Ruihua Capital, and Ke Tingjun, a representative of the Shanghai Preparatory Committee, discussed in depth and candidly on how small and medium-sized companies can break through in the future. It is worth mentioning that nominations for the 11th Investor Relations Awards in 2025 are now being accepted. After the nominees and listed companies have confirmed their participation, the investment community can participate in online voting. The finalists will be selected by a professional judging panel, with expectations that this award will help listed companies and related teams seize new market opportunities together. With the theme of "Rui Snake Gifting Blessings, New Journey Opening", this summit is not only an important milestone for the Hong Kong Investor Relations Association Shanghai Chapter, but also a prelude to exploring the infinite possibilities in the field of investor relations in the new year. Looking ahead, with the improvement of the macro environment and positive micro changes in the industry, the historical process of reevaluating the value of Chinese assets will continue to progress. In this historical process, it is believed that the Hong Kong Investor Relations Association and its newly established Shanghai Chapter will continue to provide new insights and practical cases for the market.

21/02/2025

REF HOLDINGS(01631) issues profit warning, expecting a decrease of no less than 50% in shareholders' net profit for the fiscal year 2024.

REF Holdings (01631) announced that it expects the company's attributable profit for the year ending December 31, 2024 to decrease by no less than 50%, compared to approximately HK$11.7 million in the same period last year. The expected decrease in profit is mainly due to a decline in revenue; an increase in share-based payment expenses recognized under applicable accounting standards as a result of issuing company share options to certain eligible participants during the year; and an increase in credit loss provisions for expected trade receivables.

21/02/2025

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