Hong Kong Closing Stock Prices

                                Close      Prior     Change   % Change 
                                -----      -----     ------   -------- 
 Air China A                     8.73       8.73      -0.06      -0.68 
 Anhui Conch Cement A           23.71      23.71      +0.12      +0.51 
 Bank of China                   5.68       5.68      +0.02      +0.35 
 Baoshan Iron & Steel A          7.64       7.64      +0.03      +0.39 
 Bright Dairy & Food A           8.72       8.72      +0.19      +2.23 
 China Eastern Airlines A        5.29       5.29      +0.03      +0.57 
 China Merchants Bank           42.96      42.96      +0.24      +0.56 
 China Minsheng Banking A        4.04       4.04       unch       unch 
 Chn Petro & Chem Sinopec        5.67       5.67      +0.01      +0.18 
 China Southern Airlines         7.29       7.29      +0.05      +0.69 
 China United Ntwk Comms         5.50       5.50      -0.03      -0.54 
 China Yangtze Power A          28.62      28.62      +0.09      +0.32 
 Chongqing Brewery A            54.35      54.35      +0.35      +0.65 
 CITIC Securities A             29.06      29.06      -0.24      -0.82 
 COSCO SHIPPING Engy A          12.41      12.41       unch       unch 
 COSCO SHIPPING Special A        7.49       7.49      +0.08      +1.08 
 Daqin Railway                   5.73       5.73      -0.01      -0.17 
 Dongfeng Automobile A           7.85       7.85      +0.08      +1.03 
 Fujian Yanjing Huiquan         12.06      12.06      +0.09      +0.75 
 Haier Smart Home A             26.88      26.88      -0.22      -0.81 
 Hainan Airlines Hldg A          1.83       1.83      -0.01      -0.54 
 Hisense Visual Tech A          25.50      25.50      +0.02      +0.08 
 Hua Xia Bank A                  6.99       6.99       unch       unch 
 Huadian Power Intl              5.47       5.47      -0.07      -1.26 
 Huaneng Pwr Intl                8.19       8.19      -0.08      -0.97 
 INESA Intelligent Tech A       19.19      19.19      -0.08      -0.42 
 Jiangsu Expressway A           13.81      13.81      -0.09      -0.65 
 Jiangxi Copper A               39.27      39.27      -0.98      -2.43 
 Lucky Film A                    7.78       7.78      +0.06      +0.78 
 Maanshan Iron & Steel A         4.37       4.37      +0.34      +8.44 
 Nanjing Iron & Steel A          5.49       5.49      +0.01      +0.18 
 SAIC Motor A                   15.90      15.90      -0.18      -1.12 
 Shandong Gold-Mining A         36.10      36.10      -0.31      -0.85 
 Shanghai Bailian Group A        9.26       9.26      +0.09      +0.98 
 Shanghai Pudong Dev Bank       11.67      11.67      -0.02      -0.17 
 Shanghai Xinhua Media A         6.89       6.89      -0.04      -0.58 
 Shenyang Jinbei Auto A          5.00       5.00      +0.05      +1.01 
 Sichuan Changhong Elec A       10.04      10.04      -0.11      -1.08 
 SINOPEC Oilfield Svc A          2.35       2.35      +0.02      +0.86 
 SINOPEC Shanghai PetroChm       2.83       2.83      +0.01      +0.35 
 Tsingtao Brewery A             66.16      66.16       unch       unch 
 Yankuang Energy Group A        15.16      15.16      -0.57      -3.62 
 Zhongjin Gold A                21.41      21.41      -0.06      -0.28 
 
Source: FactSet 

Xiaomi is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, HSBC analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com)

10 November 2025

HSBC HOLDINGS PLC

CHANGES TO BOARD AND COMMITTEE COMPOSITION

HSBC Holdings plc ('HSBC' or the 'Company') has today announced the appointment of Wei Sun Christianson (aged 69) as an Independent non-executive Director and member of the Group Risk Committee and the Nomination and Corporate Governance Committee with effect from 1 January 2026.

Wei Sun brings extensive banking and regulatory experience gained over a 30-year international career. Wei Sun most recently served as a Senior Advisor at Morgan Stanley, a role she assumed following her retirement from Morgan Stanley in 2022. Her final executive role at Morgan Stanley was Co-CEO, Asia Pacific and she also served as CEO, Morgan Stanley China from 2006 to 2022.

Prior to Morgan Stanley, she held senior regulatory roles at the Hong Kong Securities and Futures Commission where she was involved in the drafting of the regulatory structure that would enable the companies of the People's Republic of China to be listed outside China.

In line with the UK and Hong Kong Corporate Governance Codes, the Board have determined that Wei Sun is independent. In making that determination, the Board have concluded that there are no other relationships or circumstances which are likely to affect her judgements and that any relationships or circumstances which could appear to do so are not considered to be material.

Commenting on the appointment, HSBC's Group Chair, Brendan Nelson, said:

"Wei Sun is a highly regarded and experienced business leader, with deep banking knowledge and experience in HSBC's strategically important markets, including Hong Kong and Mainland China. This experience will be an asset to the Board. We look forward to welcoming her to the Board in the new year."

For and on behalf of

HSBC Holdings plc

Aileen Taylor

Company Secretary

Media enquiries to:

Neil Fleming          +44 (0) 7384 792051          neil1.fleming@hsbc.com

Supplementary Information:

Wei Sun's appointment as a Director of the Company is subject to election by shareholders at the 2026 Annual General Meeting ('AGM') and annual re-election thereafter. Her initial three-year term will run from her initial election, if successful, until the 2029 AGM.

As an Independent non-executive Director, Wei Sun will not have a service contract with the Company and will be paid total fees of £213,150 per annum pursuant to the Directors' remuneration policy, approved by shareholders at the 2025 AGM. The total per annum fees consists of: £136,500 for her role as Independent non-executive Director, £42,000 for her role as a member of the Group Risk Committee and £34,650 for her role as a member of the Nomination and Corporate Governance Committee.

Professional qualifications: Juris Doctor, Columbia University School of Law, Bachelor of Arts in Political Science, Amherst College and a member of the New York Bar Association.

Current and past listed company appointments:

·      Independent non-executive director of LVMH Moët Hennessy Louis Vuitton SE: 18 April 2024 - Present.

·      Independent non-executive director of The Estée Lauder Companies Inc: 1 March 2011 - 17 November 2023.

Save as disclosed above, Wei Sun has not held any directorships in any other publicly listed companies, whether in London, Hong Kong or overseas, during the previous five years. She does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company.

Wei Sun has confirmed:

·      Her respective independence as regards each of the factors referred to in Rule 3.13(1) to (8) of the Hong Kong Listing Rules;

·      she does not have any past or present financial or other interest in the business of the Company or its subsidiaries or any connection with any core connected person of the Company;

·      she does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; and

·      that there are no other factors that may affect her independence at the time of her appointment.

There are no matters that need to be disclosed pursuant to Listing Rule 6.4.8(1) to (6) of the Listing Rules of the Financial Conduct Authority. Save as disclosed above there is no other information required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of the Hong Kong Limited.

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom

Web: www.hsbc.com

Incorporated in England and Wales with limited liability. Registration number 617987.

Board of Directors

The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises:

Brendan Robert Nelson*, Georges Bahjat Elhedery, Geraldine Joyce Buckingham†, Rachel Duan†, Dame Carolyn Julie Fairbairn†, James Anthony Forese†, Ann Frances Godbehere†, Steven Craig Guggenheimer†, Manveen (Pam) Kaur, Dr José Antonio Meade Kuribreña†, Kalpana Jaisingh Morparia†, Eileen K Murray† and Swee Lian Teo†.

*  Independent non-executive Chair

†  Independent non-executive Director

HSBC Group

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,234bn at 30 September 2025, HSBC is one of the world's largest banking and financial services organisations.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  BOAEAFFEFEPSFAA

£350,000,000 2.125 per cent. Secured Bonds due 2053 (the Bonds)

ISIN: XS2317332562

Onward Homes announces £207.6m funding package

Onward Homes has secured £207.6m in funding from HSBC, NatWest and Barclays. The funding comprises loans of £90m from HSBC and £62.6m from NatWest and £55m from Barclays on a revolving credit facility basis. The funding will unlock further capacity as Onward delivers its 2030 corporate plan.

Dani James, Executive Director of Finance at Onward, said:

"As we look to the future, this funding adds further strength and capacity as we deliver the vision set out in our corporate plan. It will support continued investment in customers' homes and our plans to build more quality, affordable housing across the region. 

"These partnerships are critical in enabling our ambitions to make a positive difference in our communities. We are grateful to our advisors, Devonshires and Savills Financial Consultants, for their expertise and guidance."

For further information, please contact:

Dani James

Executive Director of Finance

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A fresh roster of innovators, and increased sums of investment, had global innovators eyeing Hong Kong's I&T capabilities

Hong Kong, SAR--(Newsfile Corp. - November 7, 2025) - Hong Kong Science and Technology Parks Corporation (HKSTP) has successfully concluded EPIC 2025 Presented by Cathay and HSBC. Ideas took flight at today's Grand Finale; NEU Battery Materials brought home the Overall Championship and won the Green Tech track with the world's first patented electrochemical recycling of lithium batteries. The flagship startup competition is an annual innovation and technology (I&T) mega event in Asia hosted at Kai Tak Cruise Terminal — once a gateway to the skies and now a launchpad for tomorrow's tech pioneers.

HKSTP Crowns NEU Battery Materials from Singapore as EPIC 2025 Overall Champion

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/7958/273608_figure1.jpg

This year's EPIC has set multiple new precedents. Investment funding for the competition doubled, totalling US $105M with US $240,000 in cash prizes. Additionally, a record-breaking 1,200+ applications were submitted, with a remarkable 87% from non-local startups spanning over 70 economies. The top 100 tech companies were featured at the Grand Finale, with 28 economies represented and 85% of the top 100 being non-local, this year's competition was the most globally diverse to date.

Paul Chan, Financial Secretary of Hong Kong SAR, said, "One thing is crystal clear, EPIC has grown into an iconic global innovation event. And the beauty of EPIC isn't just about crowning winners. It's about giving founders and dreamers a stage to share their ideas, ambitions, and vision for the future."

Dr Sunny Chai, Chairman of HKSTP said "We are turning Hong Kong's connectivity into momentum, helping ideas move and scale across borders. EPIC 2025 is a testament to this where entrepreneurs get to connect with emerging markets and business opportunities, enthusiastic investors and partners, as well as the future of world-class I&T ecosystems."

NEU Battery Materials claimed the title of Overall Champion, also winning the Green Tech track. Founder & CEO Bryan Oh expressed excitement and gratitude, saying: "It's really 60 seconds that changes your life. The network that EPIC has brought us is immense, as is the ecosystem that they've introduced." The Singaporean startup focuses on climatech solutions, introduces the world's first patented electrochemical recycling of lithium batteries.

KA Imaging Inc from Canada was named the winner for Digital Health Tech track, for their Spectral X-ray system that identifies and separates soft tissues and bones, the first of its kind.

Belli was crowned for its FinTech track solution, the Singaporean startup focuses on aviation software that addresses the issue of 85% of airline flights wasting cargo space.

The ninth edition of EPIC was supported by Co-Title Sponsors Cathay, Hong Kong's world-leading airline and premium lifestyle brand, and HSBC, global bank for innovators, with Digital Health Tech Sponsor Takeda, a multinational pharmaceutical company, and Hospitality Sponsor Regal Hotels International, a distinguished hotel group.

EPIC Week facilitated over 200 business and investment matching sessions, empowering startups to engage with visionary partners and investors. These matching sessions allow participants to explore and pursue the many opportunities across Asia's dynamic markets. Prior to pitching at the Grand Finale, semi-finalists were greeted with the EPIC Week, consisting of a Tech Spotlight showcase and a Greater Bay Area Exploration tour, helping foster a better understanding of the capabilities, markets, and opportunities in the GBA.

Hong Kong has firmly established itself as a global hub for innovation. Together with Shenzhen and Guangzhou, the city has been ranked the World's no. 1 Innovation Cluster in the 2025 Global Innovation Index, according to the World Intellectual Property Organisation (WIPO). Hong Kong's innovation ecosystem provides the ideal launchpad for Chinese startups to go global. It also allows international startups to access the formidable markets of the Greater Bay Area, which boast world-class technology, supply chain, and manufacturing capabilities.

Winners List and Prizes:

Top 12 Finalists (each received US$10,000 cash prize):

Top 100 Semi-Finalists Breakdown:

Visit epic.hkstp.org for more information on EPIC 2025.

Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

HKSTP

More information about HKSTP is available at www.hkstp.org.

Angela Lau

Corporate Communications and Public Affairs

Email: angela.lau@hkstp.org

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273608

Total assets and net profit grew modestly year-over-year, with improved asset quality and strong capital ratios. Net interest margin and profitability saw slight declines, while new share issuance boosted equity. NPL ratio improved to 1.26%.

Original document: Bank of Communications Co., Ltd. Class A [601328] Earnings Release — Nov. 7 2025