Latest data from the Hong Kong Stock Exchange reveals that on January 19, a shareholder of HIPINE (02583) transferred shares from Ping An Securities (Hong Kong) to uSMART Securities, with the transferred shares valued at HK$416 million, accounting for 3.60% of the holdings. HIPINE announced that, based on a preliminary review of the Group's unaudited consolidated management accounts for the eleven months ended November 30, 2025, it recorded a net profit exceeding RMB 90 million. According to the Group's available information, and when compared to the net profit of approximately RMB 49 million for the year ended December 31, 2024, the Group anticipates it will record a higher net profit for the year ending December 31, 2025. The expected increase in the Group's net profit is primarily attributed to: (1) an increase in revenue from the sale of jewelry; and (2) an increase in the gross profit margin from the sale of watches.