Today's Focus:

Leapmotor (09863.HK) intends to introduce strategic investments from Jinyi County Jin Investment, Jinhua Industrial Fund, and others.

Leapmotor (09863.HK) announced that on October 9, 2024, the company has respectively entered into domestic stock subscription agreements with Jiutou County Golden Investment, Jinhua City Industrial Fund, Hangzhou Hehe, and Huzhou Xinchuang. Accordingly, the company has conditionally agreed to allocate and issue 10,802,052 shares of domestic stocks to Jiutou County Golden Investment, allocate and issue 5,401,026 shares of domestic stocks to Jinhua City Industrial Fund, allocate and issue 27,005,130 shares of domestic stocks to Hangzhou Hehe, and allocate and issue 27,005,130 shares of domestic stocks to Huzhou Xinchuang. The subscription price for each share of domestic stocks is 40.80 Hong Kong dollars (calculated at the exchange rate of 1 Hong Kong dollar to 0.90767 RMB based on the RMB exchange rate published by the China Foreign Exchange Trading Center on the date of the domestic stock subscription agreement, equivalent to 37.03 RMB). The subscription shares of domestic stocks will be allocated and issued according to the general authorization.

According to Domestic Stock Subscription Agreements I and II, as of the dates of Domestic Stock Subscription Agreements I and II, each original subscription agreement has been terminated respectively.

The face value of the domestic stock subscription shares amounts to RMB 70,213,338, equivalent to (i) approximately 31.84% and 24.15% of the total number of domestic stocks issued by the company as at the date of this announcement and after the expansion through the domestic stock subscription respectively; and (ii) approximately 5.25% and 4.99% of the total number of shares issued by the company as at the date of this announcement and after the expansion through the domestic stock subscription respectively.

The subscription price represents a premium of HK$35.07 per H股 share on the average closing price reported on the Hong Kong Stock Exchange over the previous five trading days preceding the domestic stock subscription agreement date. The total amount raised from the domestic stock subscription will be RMB 260 million, of which approximately 75% or HK$2,148.4 million will be used for research and development of new electric vehicle models and upgrading existing models; and approximately 25% or HK$716.1 million will be used for supplementary operating funds and general corporate purposes.

The domestic stock subscription is a strategic investment made by investors and is of the same nature as other strategic investments recently introduced by the company. The domestic stock subscription indicates the confidence of Jinhua Industrial Fund, Wuyi County Jintou, Hangzhou Hehe, and Huzhou Xinchuang in the company's new energy and smart electric vehicle business, as well as in the company's long-term development and prospects.

The domestic stock subscription will also lay the foundation for establishing and strengthening potential commercial and industrial cooperation between the company and the areas of Wuyi County, Jinhua, Hangzhou, and Huzhou. Such commercial and industrial collaborations will benefit the company, as well as the local economies of Wuyi County, Jinhua, Hangzhou, and Huzhou.

Important event

Chinasoft International (00354.HK) recently completed a series of project signing agreements to collaborate with partners and assist in accelerating the development of the Hongmeng native ecosystem.

Honghua Group (00196.HK) subsidiary successfully won a two-year coalbed methane exploration and development electric fracturing equipment service project for a domestic client.

Zhaojin Mining (01818.HK), along with Zhaojin Group, Zijin Investment, and Ningbo Ransheng Shengtong jointly invested in the establishment of Ruining Mining.

Performance of Financial Report:

Chinares Pharma (03320.HK): Dong-E-E-Jiao's net profit for the first three quarters is expected to increase by about 40-50%.

Operating Data:

Guangzhou Automobile Group (02238.HK) sold 182,626 vehicles in September, a 25.03% decrease compared to the same period last year.

Country Garden (02007.HK): In September, the contract sales amount attributable to the company's shareholders amounted to 3.62 billion yuan.

Yue Yuen Ind (00551.HK): In September, the net comprehensive operating income was 660 million US dollars, a year-on-year increase of 9.7%.

Pou Sheng Int'l (03813.HK): In September, the net comprehensive operating income was 1.417 billion yuan, a year-on-year decrease of 14.7%.

Cofco Joycome (01610.HK): In September, the number of slaughtered pigs was 30,000.

Medical Innovation:

Innocare (09969.HK): The ICP-488II Phase II clinical study on the treatment of moderate to severe plaque psoriasis has achieved its main endpoint.

Cansinobio (06185.HK): Obtained clinical trial approval for the restructuring of poliovirus vaccines in Indonesia.

Cansinobio (06185.HK): Signed a sponsorship agreement for the restructuring of poliovirus vaccines and related joint vaccine projects.

Acquisitions and Disposals:

yuexiutransport (01052.HK) plans to acquire 55% equity of henan yuexiupinglin highway for 0.758 billion yuan.

yueyun trans (03399.HK) plans to sell 51% equity of yueyun bright day for 99.61 million yuan.

Beida Jade Bird (08095.HK) subsidiary intends to acquire 49% equity interest in Legendary (hunan) Culture Travel for 98.88 million yuan.

Stock-Based Incentive:

In the third quarter, the trustee of friendtimes (06820.HK) has cumulatively purchased shares under the stock incentive plan exceeding 0.47% of the company's total share capital.

Additional Share Issuance:

yuk wing gp (01536.HK) plans to discount approximately 18.27% for the sale of up to 76 million shares, raising a net amount of 6.14 million Hong Kong dollars.

trendzon hldg (01865.HK) received approximately 15.72% subscription for its rights issue.

Repurchase cancellation.

Tencent Holdings (00700.HK) spent 0.703 billion Hong Kong dollars on October 9 to repurchase 1.6 million shares.

hsbc holdings (00005.HK) spent 0.414 billion Hong Kong dollars on repurchasing 5.9476 million shares on October 8th.

AIA (01299.HK) spent 66.514 million Hong Kong dollars on October 9th to repurchase 1.01 million shares.

Standard Chartered (02888.HK) spent 13.5501 million British pounds on October 8 to repurchase 0.3274 million shares.

Goldwind Science& Technology (02208.HK) spent 52.3662 million yuan on repurchasing 5 million A-shares on October 9th.

Pru (02378.HK) spent 6.87 million British pounds on October 8 to repurchase 1 million shares.

Samsonite (01910.HK) spent 31.335 million Hong Kong dollars on repurchasing 1.526 million shares on October 9.

Wuxi Bio(02269.HK) spent 29.908 million Hong Kong dollars to repurchase 1.653 million shares on October 9.

Swire Pacific A(00019.HK) spent 28.59 million Hong Kong dollars to repurchase 0.45 million shares on October 9.

Universal Cloud(02602.HK) spent 13.94 million Hong Kong dollars to repurchase 0.544 million shares on October 9.

Hygeia Health(06078.HK) spent 13.043 million Hong Kong dollars to repurchase 0.675 million shares on October 9.

Kuaishou-W (01024.HK) spent 12 million Hong Kong dollars on October 9th to repurchase 0.2362 million shares.

MicroPort NeuroTech (02172.HK) spent 9.89 million Hong Kong dollars to repurchase 1 million shares on October 9.