External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Angelalign’s 1H26 results beat, highlighted by the first semi-annual profit from its overseas business.</li><li>Revenue increased 43% YoY to US$231mn, reaching 51% of our prior full-year forecast, above the historical average of 43%.</li><li>Case volumes grew 37% in mainland China and 43% overseas, leading management to raise 2026E case volume guidance to 350,000 cases for each market. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Angelalign’s 1H26 results beat, highlighted by the first semi-annual profit from its overseas business.Revenue increased 43% YoY to US$231mn, reaching 51% of our prior full-year forecast, above the historical average of 43%.Case volumes grew 37% in mainland China and 43% overseas, leading management to raise 2026E case volume guidance to 350,000 cases for each market. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Angelalign (6699 HK) - 1H26 earnings beat driven by first-time overseas profitability

Angelalign Technology

Angelalign (6699 HK) - 1H26 earnings beat driven by first-time overseas profitability