GMT EIGHT - OPPORTUNITIES IN CHINA

CONTINENTAL H (00513) Announces Annual Results: Loss Attributable to Shareholders Widens 141.55% YoY to HK$626 Million

Continental Holdings (00513) announced its annual results for the year ended 30 June 2026, with group revenue of HK$420 million, down 28.39% year-on-year; loss attributable to shareholders of HK$626 million, widened by 141.55% year-on-year; and loss per share of 37.79 HK cents.

MAOYE INT'L (00848) receives privatization offer at a premium of approximately 110.1%, trading resumes on September 30.

Maoye International (00848) and the offeror W.F Group Limited jointly announced that on September 16, 2026, the offeror requested the board of directors to propose the proposal to scheme shareholders, proposing to privatize the company through the scheme, and if approved and implemented, will result in the company being privatized by the offeror under Section 86 of the Companies Law, and the listing status of the shares on the Stock Exchange being withdrawn. The cancellation price of HK$0.208 per scheme share represents a premium of approximately 110.10% over the closing price of HK$0.099 per share on September 16, 2026.

AI boom drives up cybersecurity stock valuations; Morgan Stanley: Capital begins seeking 'cheaper' targets; Okta (OKTA.US), Fortinet, Inc. (FTNT.US) and others draw market attention.

Morgan Stanley said in its latest cybersecurity industry report that with the rapid development of AI agents, the security risks faced by enterprises are also increasing, and cybersecurity market spending is expected to accelerate further.

CARRIANNA (00126) provides financial assistance to a joint venture

CARRIANNA (00126) announces that on 29 September 2026, the borrower Hing Tat Development (Hong Kong) Limited, the lender, the Company and Hongda Investment entered into a facility agreement in respect of a term loan facility, pursuant to which the lender has agreed to provide the borrower with a term loan facility with an aggregate principal amount of up to HK$258.26 million, and the Company and Hongda Investment have agreed to provide guarantees to the lender on a joint and several basis; and in respect of the term loan facility, the borrower, the lender, Heyi, Yihui, Hongda Investment and the Company entered into a disbursement agreement, pursuant to which the Company and Hongda Investment have made certain commitments to the lender to complete the development project.

MAANSHAN IRON (00323) plans to transfer a 92% equity stake in Ma'anshan Magang Cihu Steel Processing and Distribution for RMB 136 million.

Maanshan Iron & Steel Company Limited (00323) announced that on September 29, 2026, the Company entered into an equity transfer agreement with Magang Group, pursuant to which the Company agreed to transfer to Magang Group a 92% equity interest in the target company (Ma'anshan Magang Cihu Steel Processing and Distribution Co., Ltd.) held by the Company, and Magang Group agreed to acquire a 92% equity interest in the target company held by the Company, at a transfer consideration of RMB 136 million. Upon completion of the equity transfer, the Company will no longer hold any equity interest in the target company.

US Stock Market Move | Oracle Corporation (ORCL.US) rose nearly 7%, partnering with NetApp to launch OCI native storage services.

On Tuesday, Oracle Corporation (ORCL.US) surged rapidly during intraday trading, rising more than 8% at one point. As of press time, it was up nearly 7%, at $141.80.

NOVAUTEK (00519) Announces Annual Results, Shareholders' Loss of HK$480 Million, Turning from Profit to Loss Year-on-Year

Novautek Technologies (00519) announced its annual results for the year ended June 30, 2026. The group recorded revenue of HK$30.984 million, a year-on-year decrease of 8.32%; loss attributable to owners of the company was HK$480 million, compared with a profit of HK$9.046 million in the same period last year; loss per share was 15.7 HK cents.

JXR (01951) plans to launch an asset-backed special program and is expected to issue asset-backed securities.

JXR (01951) announced that the Company plans to launch an asset-backed special program and is expected to issue asset-backed securities to be listed and transferred on the SSE (subject to SSE approval), with the aim of securitizing the underlying assets held by Hengyu, an indirectly wholly-owned subsidiary of the Company, and raising funds for the operation and development of the Group's business. The Company and the program manager have submitted an application to the SSE for the asset-backed special program. The Company will appoint the program manager as the program manager of the asset-backed special program.

TBKS HLDGS (01960) Announces Annual Results, Loss Attributable to Shareholders Widens 16.3% YoY to RM32.953 Million

TBKS HLDGS (01960) announced its annual results for the year ended June 30, 2026, with revenue of RM75.398 million, down 22.6% year-on-year; loss attributable to owners of the company was RM32.953 million, widening 16.3% year-on-year; basic loss per share was 3.30 sen.

OCEAN ONE HLDG (09876) plans to acquire a property in Kwai Chung, New Territories, Hong Kong for HK$150 million, to be used as the Group's corporate headquarters.

OCEAN ONE HLDG (09876) announced that on September 29, 2026, the purchaser, Fung Yeung Development (an indirectly wholly-owned subsidiary of the Company), entered into a provisional agreement with the vendor, Yick Bun Limited, and the receiver for the acquisition of the property at a cash consideration of HK$150 million.

Memory chip market continues to sizzle! Bernstein: DRAM and NAND prices may rise nearly 20% in Q3, cycle may begin to "normalize" in 2028

Bernstein said in its latest global memory industry report that the current memory chip cycle remains in a high-prosperity phase, and DRAM and NAND supply-demand tightness is expected to persist until 2027.

WINFULL GP(00183) Announces Annual Results with Shareholder Loss of HK$85.095 Million, Widening by 27.84% Year-on-Year

Winfull GP (00183) announced its annual results for the year ended June 30, 2026. During the period, the Group recorded revenue of HK$82.189 million, up 85.01% year-on-year; loss attributable to owners of the Company was HK$85.095 million, widening by 27.84% year-on-year; basic loss per share was 15.01 HK cents.

GREEN ENERGY GP (00979) Announces Annual Results: Loss Attributable to Shareholders Narrows by 20.04% Year-on-Year to HK$12.821 Million

Green Energy Technology Group (00979) announced its annual results for the year ended 30 June 2026, with revenue from continuing operations of HK$152 million, up 120.13% year-on-year; loss attributable to shareholders of HK$12.821 million, narrowing by 20.04% year-on-year; basic loss per share of 0.95 HK cents.

SOLARTECH INT'L (01726) intends to sell the True Victor Sale Shares and transfer the True Victor Sale Loan.

Solartech Int'l (01726) announced that on September 29, 2026, the Company entered into a True Victor sale and purchase agreement with the True Victor Buyer, pursuant to which the True Victor Buyer has agreed to purchase, and the Company has agreed to sell, the True Victor Sale Shares and transfer the True Victor Sale Loan, for a consideration of HK$250.26 million; and

BDV EDU INTL (01082) Announces Annual Results, Shareholder-Attributable Loss of HK$23.265 Million, Narrowed by 55% Year-on-Year

Meta Universe Education (01082) announced its annual results for the year ended June 30, 2026, with revenue of HK$39.658 million, down 41.7% year-on-year; loss attributable to owners of the company was HK$23.265 million, narrowed by 55% year-on-year; basic loss per share was HK$0.04.

SOLARTECH INT'L (01166) Announces Annual Results: Profit Attributable to Shareholders of HK$82.928 Million, Turning from Loss to Profit Year-on-Year

Solartech Int'l (01166) announced its annual results for the year ended 30 June 2026, with revenue of HK$438 million, down 24.39% year-on-year; profit attributable to owners of the company of HK$82.928 million, turning from loss to profit year-on-year; earnings per share of HK$0.632.

ZHONGZHENG INTL (00943) Announces Annual Results: Loss Attributable to Shareholders of HK$86.496 Million, Narrowed by 41.04% Year-on-Year

ZHONGZHENG INTL (00943) announced its annual results for the year ended 30 June 2026. During the period, the Group recorded total revenue of HK$70.426 million, a year-on-year decrease of 39.96%; loss attributable to owners of the Company was HK$86.496 million, narrowed by 41.04% year-on-year; basic loss per share was 5.27 HK cents.

A-share Evening Hotspots | Major Bullish News! The Central Bank "Shoots Four Arrows at Once" What Signal Does It Send?

Central Bank "Shoots Four Arrows at Once": cuts the pledged supplementary lending (PSL) rate by 0.25 percentage points; expands the areas supported by pledged supplementary lending; increases the relending quota for technological innovation and technological upgrading by 200 billion yuan; increases the relending quota for agriculture and small businesses by 500 billion yuan.

Meta (META.US) Muse Goes Viral, Sparking Financial Industry Concerns; Bernstein: Bank, Insurance, and Brokerage Business Models Face Reshaping; Visa (V.US) and Mastercard (MA.US) May Be Beneficiaries

Bernstein stated in its latest report that Muse, the consumer-grade AI agent launched by Meta, could become an important turning point in the consumer AI space.

HC TECH GP (01116) Announces Annual Results: Loss Attributable to Owners Approximately RMB 14.571 Million, Narrowed by 74.74% Year-on-Year

HC TECH GP (01116) announced its annual results for the year ended 30 June 2026, with revenue of RMB 854 million (the same unit hereinafter), up 12.4% year-on-year; loss attributable to owners of the company was approximately RMB 14.571 million, narrowed by 74.74% year-on-year; basic loss per share was 0.68 cents.

US Stock Market Move | Corning Inc (GLW.US) rises over 4% after reaching an over $3 billion fiber supply agreement with AT&T.

On Tuesday, Corning (GLW.US) rose over 4% to $158.66.

ZO FUTURE GROUP (02309) announces annual results, profit attributable to shareholders of HK$111 million, turning around from a year earlier.

ZO FUTURE GROUP (02309) announces its annual results for the year ended 30 June 2026. The Group recorded revenue of HK$163 million, up 7.59% year-on-year; profit attributable to owners of the Company was HK$111 million, turning around from a loss in the prior year; earnings per share were 12.08 HK cents.

US Stock Market Move | Optical communication concept stocks broadly rise; Lumentum (LITE.US) gains over 4%.

On Tuesday, optical communication concept stocks rose broadly, with Lumentum (LITE.US) and Marvell Technology (MRVL.US) gaining over 4%.

The U.S. 30-year Treasury yield rose to 5.59%, hitting a new high since 2004.

Estun Automation (02715) plans to adopt the 2026 A-share restricted stock incentive plan.

Estun Automation (02715) announced that on September 29, 2026, the board of directors resolved to propose the adoption of the 2026 A-share restricted stock incentive plan, subject to approval by the Company's shareholders (the Shareholders).

US Stock Market Move | Cruise stocks rise broadly; Carnival Corporation (CCL.US) surges over 13%.

On Tuesday, cruise stocks rose broadly, with Carnival Corporation (CCL.US) surging over 13%, Royal Caribbean Cruises (RCL.US) gaining over 6%, and Norwegian Cruise Line (NCLH.US) rising 5%.

HUAZHANG TECH (01673) Announces Annual Results: Loss Attributable to Shareholders of RMB 21.3159 Million, Up 85.76% Year-on-Year

HUAZHANG TECH (01673) announced its annual results for the year ended June 30, 2026, with revenue of RMB 461 million, up 7.15% year-on-year; loss attributable to shareholders of the Company was RMB 21.3159 million, up 85.76% year-on-year; basic loss per share was 1.34 cents.

GREEN POWER GP (01870) proposes rights issue on a "4-for-1" basis.

Green Power Group (01870) announced that the Company proposes to conduct a rights issue by issuing 254 million rights shares at a subscription price of HK$0.138 per rights share on the basis of 1 rights share for every 4 existing shares held by qualifying shareholders as at the close of business on the record date (assuming no further issuance or repurchase of shares on or before the record date and that all rights shares will be taken up), to raise gross proceeds of approximately HK$35.1 million (before deducting expenses).

CHUANGLIAN HOLD (02371) Announces Annual Results, Loss Attributable to Shareholders of 23.535 Million Yuan, a Year-on-Year Decrease of 66.92%

Chuanglian Holdings (02371) announced its annual results for the year ended June 30, 2026. The Group recorded revenue of RMB 608 million (same unit below), a year-on-year decrease of 7.17%; loss attributable to owners of the Company for the year amounted to RMB 23.535 million, a year-on-year decrease of 66.92%; loss per share was 3.5 cents.

Dollar pullback alarm sounded! Two bearish signals in a row on the candlestick chart, and the dollar index is facing a stall just after breaking above the 100-week moving average.

After breaking above the 100-week moving average, the dollar has formed a bearish engulfing pattern followed by a harami, raising the risk of a pullback, with 100.7 emerging as the key battleground between bulls and bears.

Falling oil and gas prices ease inflation concerns; UK gilts lead gains in European bond markets.

UK gilts extended gains across all maturities, as oil and gas prices fell to intraday lows, with the benchmark 10-year gilt yield dropping nearly 7 basis points.

ART GROUP HOLD (00565) issues profit warning, expects annual loss attributable to shareholders of not more than HK$17 million, turning from profit to loss year-on-year.

ART GROUP HOLD (00565) has announced that the Group expects to record a net profit and a loss attributable to owners of the Company of not less than HK$16 million and not more than HK$17 million, respectively, for the year ended 30 June 2026, compared with a net profit and a profit attributable to owners of the Company of approximately HK$39 million and HK$42 million, respectively, for the year ended 30 June 2025. The Board considers that the expected change is primarily due to the decrease in the one-off net gain from the termination of a lease and derecognition of an investment property to approximately HK$25 million. Compared with the six months ended 31 December 2025, the Group's financial performance in the second half of the year improved significantly due to changes in the property portfolio.

NGAI HING HONG (01047) Announces Annual Results, Profit Attributable to Shareholders HK$2.544 Million, Up 650.44% Year-on-Year

Ngai Hing Hong (01047) announced its annual results for the year ended 30 June 2026. The group recorded revenue from customer contracts of HK$1.49 billion, up 10.47% year-on-year; profit attributable to shareholders of HK$2.544 million, up 650.44% year-on-year; and earnings per share of 0.69 HK cents.

Four departments: In conjunction with the implementation of the large-scale equipment renewal policy, support the renewal of new energy buses and power batteries.

To implement the decisions and arrangements of the Party Central Committee and the State Council, promote the deepening reform of public transport enterprises, enhance the support capacity and service level of urban public transport, and better meet the basic travel needs of the people, with the approval of the State Council, the Ministry of Transport, the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Human Resources and Social Security have jointly issued the Guiding Opinions on Promoting the Deepening Reform of Urban Public Transport Enterprises. It mentions strictly implementing the government subsidy and compensation system. Implement the relevant provisions of the Regulations on Urban Public Transport, fulfill the fiscal expenditure responsibilities of cities and counties, arrange the funds needed for urban public transport development based on the actual situation of urban public transport and fiscal affordability, and incorporate them into the budget at the corresponding level. When the revenue of public transport enterprises falls short of the annual expected target, urban people's governments should provide policy support in accordance with regulations and take measures to ensure the normal operation of public transport routes. For the income reduced due to the implementation of government ride discount policies or low fares, as well as the policy-related losses caused by undertaking government mandatory tasks, local governments should take them into overall consideration when verifying operating subsidies. Treat operating entities of different ownership equally. In conjunction with the implementation of large-scale equipment renewal policies, support the renewal of new energy buses and power batteries.

DYNAMIC HOLD (00029) Announces Annual Results: Loss Attributable to Shareholders of HK$63.142 Million, Up 0.88% Year-on-Year

Dynamic

New Stock News | DataCanvas Files with the Hong Kong Stock Exchange, Aiming to Become the First AI Computing New Cloud Stock

DataCanvas is a leading intelligent computing service provider in China, purpose-built to support compute-intensive AI workloads, including large-scale model training and inference.

DYNAMIC HOLD (00029) will distribute a final dividend of HK$0.0045 per share on January 5, 2027.

DYNAMIC HOLD (00029) has announced that it will distribute a final dividend of HK$0.0045 per share for the year ended June 30, 2026, on January 5, 2027.

Industrial and Commercial Bank of China (01398) will distribute an interim dividend of RMB1.511 per 10 shares on November 25.

Industrial and Commercial Bank of China (01398) announced that it will distribute an interim dividend of RMB1.511 per 10 shares on November 25, 2026.

Hong Kong SAR Government successfully issues HK$20 billion equivalent multi-currency digital green bonds, setting a new record for the world's largest issuance

The Hong Kong SAR Government announced the successful pricing of approximately HK$20 billion equivalent in digital green bonds under the Government Sustainable Bond Programme, covering Hong Kong dollars, Renminbi, US dollars and euros.

SUNWAH KINGSWAY (00188) will distribute a final dividend of HK$0.01 per share on January 21.

SUNWAH KINGSWAY (00188) announced that it will distribute a final dividend of HK$0.01 per share for the year ended June 30, 2026 on January 21, 2027.

SUNWAH KINGSWAY (00188) Announces Annual Results: Loss Attributable to Shareholders of HK$26.588 Million, a Year-on-Year Decrease of 26.98%

SUNWAH KINGSWAY (00188) announced its annual results for the year ended June 30, 2026, with revenue of HK$59.273 million, up 11.11% year-on-year; loss attributable to shareholders of HK$26.588 million, down 26.98% year-on-year; basic and diluted loss per share of 3.49 HK cents, with a final dividend of 1 HK cent per share.

Hong Kong rises to 14th in Global Innovation Index.

On September 29, in the 2026 Global Innovation Index released by the World Intellectual Property Organization, Hong Kong rose one place to 14th among 139 economies worldwide, maintaining fifth place in Asia.

A-Share Announcement Highlights | Guangdong Hec Technology Holding (600673.SH) and Shandong Gold Mining (600547.SH) Announce Share Buyback Plans

Shandong Gold Mining announced that Wang Chenglong, the company's chairman, proposed that the company use its own funds and self-raised funds to repurchase part of its A-shares through centralized bidding, with a total repurchase amount of RMB 300 million to RMB 400 million. All repurchased shares will be used for cancellation and to reduce the company's registered capital.

Hong Kong's Stamp Duty (Amendment) (No. 3) Bill 2026 will be gazetted on October 2.

To implement the measures proposed in the 2026-27 Budget, relaxing the stamp duty relief criteria for intra-group asset transfers.

HUMAN HEALTH (01419) Announces Annual Results, Profit Attributable to Owners Approximately HK$27.1 Million, Up Approximately 3.0% Year-on-Year

HUMAN HEALTH (01419) announced its annual results for the year ended 30 June 2026, with revenue of approximately HK$672 million, up approximately 4.2% year-on-year; profit attributable to owners of the Company was approximately HK$27.1 million, up approximately 3.0% year-on-year; basic earnings per share were approximately 7.1 HK cents. A final dividend of 3.1 HK cents for FY2026 is proposed.

HUMAN HEALTH (01419) will distribute a final dividend of HK$0.031 per share on January 5, 2027.

HUMAN HEALTH (01419) announced that it will distribute a final dividend of HK$0.031 per share for the year ended June 30, 2026 on January 5, 2027.

State-owned Assets Supervision and Administration Commission of the State Council: Further focus on key areas such as artificial intelligence and new materials, and cultivate frontier tracks such as quantum technology in advance.

Cheng Fubo, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission of the State Council, stated in a signed article published in New Industrialization that strategic emerging industries should be actively cultivated and expanded. Emerging industries and future industries are key forces leading the construction of a modern industrial system. At present, the layout of emerging industries and future industries by central enterprises still needs to be improved and accelerated, and some industries have yet to develop competitive advantages. Greater efforts must be made to build emerging pillar industries. Following the approach of "leading a group, catching up in a group, and cultivating a group," we should coordinate and advance differentiated layouts, continue to consolidate advantages in industries such as new energy and aerospace, further focus on key areas such as artificial intelligence and new materials, and cultivate frontier tracks such as quantum technology, nuclear fusion energy, and biomanufacturing in advance, so as to promote the development of emerging industries and "accumulate strength and gain momentum."

Preview of US Stock Market | U.S. stock index futures all rise, oil prices pull back, White House AI tech executive lunch meeting and OpenAI DevDay approach.

On Tuesday, September 29, U.S. stock index futures all rose in pre-market trading.

OKURA HOLDINGS (01655) Announces Annual Results, Profit Attributable to Shareholders of JPY 1.717 Billion, Up 27.94% Year-on-Year

OKURA HOLDINGS (01655) Announces Annual Results for the Year Ended June 30, 2026. The Group recorded revenue of JPY 6.68 billion, up 4.44% year-on-year; profit attributable to shareholders of the Company for the year amounted to JPY 1.717 billion, up 27.94% year-on-year; earnings per share were JPY 2.64.

MNSO (09896) Chief Financial Officer Zhang Jingjing further purchases shares in the open market.

MINISO (09896) announced that Mr. Zhang Jingjing, the Company's Chief Financial Officer, purchased approximately HKD 2.7 million worth of the Company's ordinary shares in the open market on September 29, 2026, using his personal funds. This follows his previous purchase of approximately USD 400,000 worth of the Company's ordinary shares in December 2023. The Company believes that this further purchase reaffirms the management's commitment and confidence in the Company's value and long-term development. The Company is aware that its management may further increase their shareholding in the Company at an appropriate time, subject to compliance with applicable laws and regulations and the Company's policies.

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