To: Colleagues: The trading volume of Hong Kong-listed companies in the first quarter increased by 10%, AI investment boosted the wave of acquisitions in the technology industry.

The Intelligent Finance APP learned that according to the latest report "Research Report on Purchase and Sale Agreements 2026" published by ShineWing (Hong Kong) Certified Public Accountants, after a brief rebound in the previous year, the number of purchase and sale agreements of Hong Kong listed companies decreased by 11% to 222 in 2025. However, there are signs of a preliminary warming of purchase and sale agreement activities in Hong Kong in 2026, with the number of transactions in the first quarter of 2026 increasing by about 10% to 56 compared to the same period last year. It is expected that the overall purchase and sale agreement activities for the rest of 2026 will show a moderate growth trend, reflecting that although market sentiment has improved, it remains cautious.