Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.

Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.

Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.

Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.

EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.

Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.

Cooperation Agreement: CATL has signed a ten-year cooperation agreement with DONGFENG GROUP's Voyah Auto, focusing on new technology, product supply, brand collaboration, and global market efforts.

Electric Mobility Focus: The partnership aims to enhance electric mobility experiences by providing safer, more efficient, and longer-range vehicles, while also promoting high-end, intelligent, and global development in the new energy vehicle industry.

Appointment of Executive Director: Dongfeng Group has proposed the appointment of Feng Changjun as an executive director, who will not receive any remuneration for this role.

Extraordinary General Meeting: A resolution for Feng's appointment will be presented at an extraordinary general meeting for approval through an ordinary resolution.

Additional Roles for Feng: If approved, Feng will also take on the roles of president and authorized representative in accordance with the Listing Rules.

Changes in Authorized Representation: Following Feng's appointment, current executive director Yang Qing will remain in his position but will no longer serve as the authorized representative.

AITO M6 Launch: AITO, a new energy vehicle brand from SERES and Huawei, plans to launch the M6 model in the second quarter of 2026, targeting the household SUV market with a price of RMB250,000.

Powertrain and Features: The M6 will feature a powertrain similar to other AITO models, offering both extended-range and pure electric versions, and is expected to include Huawei's ADS 4.0 intelligent driving system and HarmonySpace 5.0 cabin system.