Jiaheng Home Care's Board Responds to Hangzhou Pinbianyi's Tender Offer

Today's market saw significant developments, particularly in the tender offer for Jiaheng Home Care Co., Ltd. (300955) and ongoing delisting risks for *ST Tianlong Co., Ltd. (300029).

Earnings & Performance

• Minami Acoustics Limited (301383) reported a net loss for 2025, attributed to rising production costs and unfavorable exchange rates. The company is expanding its AI product line but will not distribute dividends this period.

Deals & Restructuring

• Jiaheng Home Care Co., Ltd. (300955) issued a report from its Board of Directors regarding the tender offer from Hangzhou Pinbianyi Network Technology Co., Ltd.. The Board recommends shareholders consider the offer, which aims to consolidate control over Jiaheng. The independent financial advisor, Guolian Minsheng Securities Co., Ltd., confirmed the fairness of the offer, which seeks to acquire 21.10% of Jiaheng's shares, bringing the acquirer's total stake to 50.80%.
• Wuhan Jingce Electronic Group Co., Ltd. (300567) announced a suspension of trading for up to 10 days to plan a major asset restructuring involving share issuance and convertible bonds.
• ST Longda Co., Ltd. (002726) warned of an expected failure to redeem its convertible bonds upon maturity due to insufficient cash, as the company undergoes out-of-court restructuring.
• Hunan Gold Corporation Limited (002155) is moving forward with a major asset acquisition plan, intending to issue shares to acquire 100% of Hunan Gold Tianyue Mining and Hunan Zhongnan Gold Smelting. The transaction is classified as a major asset reorganization.

Regulatory & Governance

• *ST Tianlong Co., Ltd. (300029) issued its seventh risk warning as its shares enter the delisting stage, with trading set to cease soon.
• ST E-Link Group (300096) received an administrative penalty from the CSRC for failing to disclose related party guarantees and loans, resulting in fines for the company and its executives.
• Beijing Jingyeda Technology Co., Ltd. (003005) reported the detention of its chairman by authorities, though operations remain stable.

Other Notable Developments

• Torrance Co., Ltd. (301583) is set to list on the ChiNext market tomorrow, with an offering price of 22.60 yuan per share.
• Tianhao Energy Co., Ltd. (300332) plans to issue shares and pay cash to acquire Tianhao New Energy, with the transaction requiring shareholder approval and regulatory clearance. The company has confirmed compliance with relevant regulations regarding the transaction.
• Zhejiang AngLiKang Pharmaceutical Co., Ltd. (002940) announced the inclusion of its products in the National Essential Medicines List, enhancing its market competitiveness.
• Hengfeng Information Co., Ltd. (300605) approved a downward adjustment of its convertible bond conversion price to 10.00 yuan per share, effective July 10, 2026.

Investors are advised to monitor these developments closely as they may impact market dynamics.