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>Boss Zhipin announced 2Q26 results: total revenue increased by 14% YoY to RMB2.40bn, and non-GAAP net income grew by 9% YoY to RMB941mn, both in line with Visible Alpha (VA) consensus.</li><li>For 3Q26E, management guided total revenue to grow by 11-16% YoY to RMB2.41-2.50bn, also largely in line with VA consensus (RMB2.47bn).</li><li>Looking ahead, the company will increase monetization effort in first-tier cities and some second-tier cities, given its currently low pricing. </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>

Boss Zhipin announced 2Q26 results: total revenue increased by 14% YoY to RMB2.40bn, and non-GAAP net income grew by 9% YoY to RMB941mn, both in line with Visible Alpha (VA) consensus.For 3Q26E, management guided total revenue to grow by 11-16% YoY to RMB2.41-2.50bn, also largely in line with VA consensus (RMB2.47bn).Looking ahead, the company will increase monetization effort in first-tier cities and some second-tier cities, given its currently low pricing. 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.

Kanzhun Limited (BZ US) - 2Q26 Results: Revenue Acceleration on Solid ARPPU and User Growth