Core Viewpoint - Jiangnan Buyi (03306) experienced a decline of over 6% in stock price, attributed to a planned share placement at a discount of approximately 9% [1] Group 1: Stock Performance - Jiangnan Buyi's stock price fell by 6.69%, trading at HKD 19.26 with a transaction volume of HKD 94.915 million [1] Group 2: Share Placement Details - The company announced a placement of 14.535 million shares at a price of HKD 18.78 per share, which represents about 2.73% of the total issued shares post-placement [1] - The placement price reflects a discount of approximately 9.01% compared to the closing price on January 22 [1] Group 3: Use of Proceeds - The total expected proceeds from the placement are approximately HKD 273 million, with net proceeds estimated at around HKD 270 million [1] - The net proceeds will be utilized to enhance brand business development, invest in research and development to improve overall market competitiveness, and for general corporate purposes [1]

Group 1 - The company, Jiangnan Buyi, has signed an agreement with a placement agent to issue 14.535 million shares at a placement price of HKD 18.78 per share, representing a discount of approximately 9.01% compared to the closing price of HKD 20.64 on January 22, 2026 [1] - The number of shares to be placed accounts for about 2.80% of the company's total issued shares and approximately 2.73% of the total issued shares after the placement is completed [1] - The total expected proceeds from the placement are approximately HKD 273 million, with a net amount of about HKD 270 million after deducting related costs and expenses [1] Group 2 - The net proceeds from the placement will be used to strengthen brand business development, invest in research and development to further enhance overall market competitiveness, as well as for general and corporate purposes [1]

Core Viewpoint - Jiangnan Buyi (03306) has announced a placement agreement to issue 14.535 million shares at a price of HKD 18.78 per share, representing approximately 2.80% of the total shares issued as of the announcement date [1] Group 1: Placement Details - The placement price is approximately 9.01% lower than the closing price of HKD 20.64 on January 22, 2026 [1] - If all placement shares are fully subscribed, the total proceeds from the placement are expected to be around HKD 273 million, with net proceeds estimated at approximately HKD 270 million after deducting all related costs and expenses [1] - The net price per placement share is calculated to be about HKD 18.58 [1] Group 2: Use of Proceeds - The net proceeds from the placement will be used for (i) strengthening brand business development, (ii) research and development investments to enhance overall market competitiveness, and (iii) general corporate purposes [1]

根據一般授權 配售新股份 整體協調人、配售代理及資本市場中介人 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告或其任何副本概不得直接或間接在美國，或在刊發或派發本公告屬違法的任 何其他司法權區內刊發或派發。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 本公告並不構成在美國購買或認購證券的任何要約或招攬或其一部分。本公告所述 證券並未且將不會根據一九三三年美國證券法（「美國證券法」）進行登記，亦不會在 美國提呈發售或出售，除非根據美國證券法作出登記或獲豁免或為毋須根據美國證 券法作出登記之交易。本公司無意根據美國證券法登記本公告內所指之任何證券， 或在美國進行證券之公開發售。 （於開曼群島註冊成立的有限公司） JNBY Design Limited （股份代號：3306） 江南布衣有限公司 – 1 – 董事會欣然宣佈，於二零二六年一月二十三日（聯交所交易時段前），本公司與配 售代理訂立配售協議，據此，本公司同意委任配售 ...

Group 1 - The top three companies with net inflow of southbound funds are SMIC (10.84 billion), Xiaomi Group (8.70 billion), and Hua Hong Semiconductor (5.82 billion) [1] - The top three companies with net outflow of southbound funds are China Mobile (-11.60 billion), Alibaba Health (-4.83 billion), and Kuaishou-W (-4.55 billion) [1] - In terms of net inflow ratio, Qinhuangdao Port (82.38%), 361 Degrees (76.04%), and Southern Hong Kong Stock Connect (62.50%) lead the market [1] Group 2 - The top ten companies with the highest net inflow include SMIC (10.84 billion, 15.56%), Xiaomi Group (8.70 billion, 11.77%), and Hua Hong Semiconductor (5.82 billion, 15.18%) [2] - The top ten companies with the highest net outflow include China Mobile (-11.60 billion, -39.71%), Alibaba Health (-4.83 billion, -20.48%), and Kuaishou-W (-4.55 billion, -15.50%) [2] - The top three companies with the highest net inflow ratio are Qinhuangdao Port (82.38%), 361 Degrees (76.04%), and Southern Hong Kong Stock Connect (62.50%) [2][3] Group 3 - The top three companies with the highest net outflow ratio are Jiangnan Buyi (-60.89%), Yancoal Australia (-60.02%), and Standard Chartered Group (-56.28%) [3] - Other notable companies with significant net outflow include Tianli International Holdings (-55.78%) and China Shenhua Energy (-48.70%) [3]

内容概况：随着消费者对个性化、差异化产品的需求不断增加，品牌设计的重要性愈发凸显。消费者越 来越注重品牌的独特性和文化内涵，愿意为具有独特设计理念和风格的品牌支付溢价。与此同时，设计 师群体自身通过持续创新不断提升设计水准与品牌影响力，成为行业发展的直接推动者。在市场环境层 面，政府对文化创意产业的大力扶持为行业创造了有利条件。例如2024年7月，工信部等三部门印发 《关于推动工艺美术行业传承创新发展的指导意见》，推动工艺美术企业与高等院校、科研院所等建立 稳定的创新合作机制，引导创意设计类企业、设计工作室和设计师为工艺美术企业提供创意设计服务， 提升企业原创设计和自主设计能力。此外，互联网与数字技术的普及深刻改变了行业的生态，电商平台 与社交媒体不仅为设计师品牌提供了低成本的展示、销售与直接对话消费者的渠道，更极大地提升了品 牌的市场触达效率与知名度，成为推动市场规模扩大的关键加速器。数据显示，中国设计师品牌行业市 场规模从2015年的394亿元增长至2024年的2437亿元，年复合增长率为22.44%。随着消费者对个性化、 差异化产品的需求不断增加，以及数字化、智能化技术的快速发展，设计师品牌行业市场规模 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | | --- | | 2025年12月31日 | | 狀態: | | 新提交 | 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03306 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 518,750,000 | | 0 | | 518,750,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 518,750,000 | | 0 | | 518,750,000 | 公司名稱: 江南布衣有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | ...

Group 1 - The company reported FY25 revenue of 5.5 billion, a year-on-year increase of 4.6%, and a net profit of 900 million, up 6.0% year-on-year, with a gross margin of 65.6%, down 0.3 percentage points [1] - The company is enhancing brand strength by adhering to a dual-driven strategy of design and brand power, multi-brand scalable development, and fan economy, celebrating its 30th anniversary with a theme of "born unique, standing diverse" [1] - The company has enriched its brand matrix by acquiring the contemporary art and lifestyle brand "B1OCK," providing customers with a broader selection and unique shopping experience [1] Group 2 - The total number of independent retail stores operated globally increased from 2,025 after restructuring on June 30, 2024, to 2,117 by June 30, 2025, with 961 stores under the JNBY brand [2] - The retail network covers all provinces, autonomous regions, and municipalities in mainland China, as well as 10 other countries and regions globally [2] - The contribution of group members to retail sales exceeded 80% of total retail sales, with active member accounts reaching 560,000, and the number of accounts with annual purchases over 5,000 RMB exceeding 330,000, contributing over 60% of offline retail sales [2] Group 3 - Based on FY25 performance and brand resilience, the company adjusted its profit forecasts for FY26-28, expecting net profits of 935 million, 1.024 billion, and 1.086 billion RMB respectively, with corresponding P/E ratios of 10, 9, and 9 [2]

Group 1 - Citic Securities maintains a "Buy" rating for Kuaishou-W (01024.HK), highlighting the significant upgrade of Kuaishou's AI capabilities, which is expected to drive commercial growth and optimize platform ecology and profit margins [1] - CICC maintains an "Outperform" rating for Hang Lung Properties (00101.HK) with a target price of HKD 9.46, noting the company's strategic expansion in Wuxi, which will increase retail space by 38% and enhance its luxury positioning [1] - Citic Securities maintains a "Buy" rating for Giant Bio (02367.HK) with a target price of HKD 44, despite a downward adjustment in profit forecasts due to sales pressure during the Double Eleven shopping festival [1] Group 2 - Citic Securities maintains a "Buy" rating for Xiaomi Group-W (01810.HK), reporting a significant increase in automotive business revenue, which reached RMB 28.3 billion, a year-on-year growth of 197.9%, marking its first profitable quarter [2] - Citic Securities maintains a "Buy" rating for Kelun-Biotech (06990.HK), emphasizing the company's collaboration with Crescent on ADC and dual antibody development, which includes an upfront payment of USD 80 million and potential milestone payments of up to USD 1.25 billion [3] - Citic Securities maintains a "Buy" rating for Virginie (02199.HK) with a target price of HKD 3.5, reporting a 25.7% year-on-year growth in net profit despite tariff disruptions, driven by strong performance in activewear and new business expansions [4] Group 3 - Tianfeng Securities maintains a "Buy" rating for Jiangnan Buyi (03306.HK), forecasting a revenue and net profit growth of 4.6% and 6.0% respectively for FY25, supported by a growing high-spending membership base [5] - Tianfeng Securities maintains a "Buy" rating for Kelun-Biotech (06990.HK), projecting a narrowing of net losses to a profit of RMB 561 million by 2027, highlighting the potential of its ADC product [6] - Everbright Securities maintains a "Buy" rating for Laopu Gold (06181.HK) with a target price of HKD 804.64, reporting a substantial increase in revenue and net profit for the first half of 2025, driven by the growing market for traditional gold products [7][8]

Core Viewpoint - Jiangnan Buyi collaborates with Sesame Credit to offer a unique "BOX+ Not Just a Box" customized styling service for users with a credit score of 800+, enhancing the consumer experience by linking creditworthiness with premium fashion services [1][4]. Group 1: Collaboration and Service Offering - The partnership between Jiangnan Buyi and Sesame Credit aims to provide high-credit individuals with a free trial of the "BOX+ Not Just a Box" service, emphasizing the concept that "credit equals value" [1][4]. - The service allows users with a Sesame Credit score of 800 or above to enjoy a one-time free customized styling experience, promoting a "try before you buy" model [4][5]. Group 2: Quality and Experience - The "BOX+ Not Just a Box" service maintains high standards by utilizing Jiangnan Buyi's eight original designer brands and a team of experienced stylists with over five years in the fashion industry [5]. - The service includes a five-day free trial period for trying on outfits, with free return shipping and dedicated one-on-one stylist support to address any styling questions [6]. - After completing the service, users can unlock Jiangnan Buyi membership, earning double points that can be redeemed for gifts and exclusive event access, thereby extending the value of the single experience [6].