According to data disclosed on December 29, 2025, CHINA TELECOM (00728), DYNAGREEN ENV (01330), and DZUG (01635) ranked as the top three constituents by Hong Kong Stock Connect holding ratio, at 71.96%, 70.01%, and 68.40% respectively. Furthermore, TENCENT (00700), XIAOMI-W (01810), and SMIC (00981) recorded the most substantial increases in holding value over the most recent five trading days for which data is available, rising by +1.662 billion yuan, +779 million yuan, and +648 million yuan respectively. Conversely, CHINA MOBILE (00941), PETROCHINA (00857), and LAOPU GOLD (06181) experienced the largest decreases in holding value over the same five-day period, falling by -1.594 billion yuan, -339 million yuan, and -310 million yuan respectively. The specific data is as follows (exchange data is based on T+2 settlement): 1. Latest Hong Kong Stock Connect Holding Ratio Rankings (Top 20) Company Name / Shares Held / Latest Holding Ratio CHINA TELECOM(00728) / 9.988 billion shares / 71.96% DYNAGREEN ENV(01330) / 283 million shares / 70.01% DZUG(01635) / 365 million shares / 68.40% Kaisheng New Energy(01108) / 170 million shares / 67.90% Tianjin Capital Environmental Protection(01065) / 228 million shares / 67.12% China Shenhua Energy(01088) / 2.244 billion shares / 66.44% COSCO SHIPPING Energy(01138) / 837 million shares / 64.59% Hao Tian International Construction(01341) / 7.024 billion shares / 63.29% Hongye期货(03678) / 155 million shares / 62.21% GAC Group(02238) / 1.737 billion shares / 61.74% China Vanke(02202) / 1.307 billion shares / 59.22% GF Securities(01776) / 1.007 billion shares / 59.18% Orient Securities(03958) / 605 million shares / 58.91% Central China Securities(01375) / 704 million shares / 58.90% Yangtze Optical Fibre and Cable(06869) / 245 million shares / 58.13% HUATAI SECURITIES CO., LTD.(06886) / 999 million shares / 58.08% Guolian MinSheng(01456) / 257 million shares / 57.96% Xinte Energy(00956) / 1.239 billion shares / 57.72% Zhejiang Shibao(01057) / 125 million shares / 57.54% Fosun Pharma(02196) / 317 million shares / 57.43% 2. Top 10 Increases in Holding Value Over the Past 5 Trading Days Company Name / Change in Holding Value / Change in Shares Held TENCENT(00700) / +1.662 billion yuan / +2.7856 million shares XIAOMI-W(01810) / +779 million yuan / +20.1956 million shares SMIC(00981) / +648 million yuan / +9.3189 million shares Yangtze Optical Fibre and Cable(06869) / +566 million yuan / +10.893 million shares China Merchants Bank(03968) / +524 million yuan / +10.0458 million shares Alibaba-W(09988) / +519 million yuan / +3.6222 million shares Hong Kong Exchanges and Clearing(00388) / +479 million yuan / +1.1737 million shares Jiangxi Copper(00358) / +360 million yuan / +9.089 million shares Zijin Mining(02899) / +352 million yuan / +10.3078 million shares WuXi Biologics(02269) / +345 million yuan / +10.831 million shares 3. Top 10 Decreases in Holding Value Over the Past 5 Trading Days Company Name / Change in Holding Value / Change in Shares Held CHINA MOBILE(00941) / -1.594 billion yuan / -19.4917 million shares PETROCHINA(00857) / -339 million yuan / -41.0937 million shares LAOPU GOLD(06181) / -310 million yuan / -464.8 thousand shares China International Capital Corporation(03908) / -235 million yuan / -11.9989 million shares China Molybdenum(03993) / -207 million yuan / -11.199 million shares ANTA Sports(02020) / -196 million yuan / -2.4372 million shares UBTECH(09880) / -189 million yuan / -1.5819 million shares Innovent Biologics(01801) / -183 million yuan / -2.3005 million shares China Gold International(02099) / -175 million yuan / -1.1375 million shares Mixue Group(02097) / -146 million yuan / -333.3 thousand shares Note: The above data was automatically generated by an intelligent system based on HKEX data processed through AI algorithms and does not guarantee 100% accuracy; Change in holding value = Change in shares held * previous day's closing price.