Market News

This document outlines the management system for information disclosure by Shenzhen Shangshui Intelligent Co., Ltd. It details the principles, procedures, and responsibilities for timely, accurate, and fair disclosure of material information to protect stakeholder interests. The system covers regular and ad-hoc disclosures, confidentiality, and penalties for violations, ensuring compliance with relevant laws and regulations.

Fujian Nanwang Environmental Protection Technology Co., Ltd. announces adjustments to its "Annual Output of 3.8 Billion Environmental Paper Products" project. The total investment is reduced from RMB 500 million to RMB 300 million, with a change in project use and a postponement of the completion date to September 30, 2026. These changes aim to optimize fund utilization and adapt to market conditions.

Wuhan Huakang Century Jingjing Technology Co., Ltd. is issuing its sixth reminder regarding the early redemption of its "Huayi Transfer Bonds." The redemption date is July 29, 2026, at a price of 100.24 yuan per bond. Bondholders are urged to convert their bonds to shares before the deadline to avoid losses due to the significant difference between the market price and the redemption price.

This announcement details the review of "Sanjiang Convertibles" due to significant price fluctuations. The company confirmed no undisclosed material information or unusual trading by insiders. Following the review, the convertible bonds will resume trading on July 16, 2026, with a warning about valuation risks.

Pu Lian Software Co., Ltd. announces the upcoming expiration of its fourth board of directors. The company is holding elections for its fifth board, nominating candidates for non-independent and independent directors. The results will be submitted for shareholder approval at the upcoming extraordinary general meeting.

ShuYang Group Co., Ltd. is issuing a third reminder regarding the early redemption of its convertible bonds ("ShuYang Convertible Bonds"). The redemption date is August 4, 2026, with a redemption price of 100.602 yuan per bond. Bondholders are urged to convert their bonds to shares before the deadline to avoid losses, as the market price differs significantly from the redemption price.

Zhejiang Zhaofeng Electromechanical Co., Ltd. announces its Second Extraordinary General Meeting of Shareholders for 2026. The meeting will be held on July 31, 2026, to discuss proposals including the issuance of convertible bonds. Shareholders can attend in person or vote online. The registration deadline is July 27, 2026.

Jiangsu Jiuwu Hi-Tech Co., Ltd. held its sixth meeting of the ninth board of directors on July 15, 2026. The board approved the specific terms for the company's issuance of convertible corporate bonds to non-specific targets, including issuance scale, coupon rates, and conversion price adjustments. The issuance aims to raise 300 million RMB. All resolutions were passed with 9 votes in favor, 0 against, and 0 abstentions.

This legal opinion is issued by Jingtian & Gongcheng regarding the proposed issuance of convertible corporate bonds by Jiangsu Jiuwu Hi-Tech Co., Ltd. to unspecified targets. The document confirms the legal compliance of the issuer's qualifications, the issuance procedures, and the substantive conditions required for the offering. It serves as a formal legal assessment to support the company's application for the issuance of these securities.

Jiangsu Jiuwu Hi-Tech Co., Ltd. intends to issue convertible corporate bonds totaling 300 million RMB to unspecified qualified investors for listing on the ChiNext market. Guotai Haitong Securities Co., Ltd. has been appointed as the sponsor for this issuance. The sponsor confirms that the issuance complies with relevant laws and regulations, including the Company Law and Securities Law, and guarantees the authenticity, accuracy, and completeness of this sponsorship letter.

Jiangsu Jiuwu Hi-Tech Co., Ltd. is issuing 300 million RMB in convertible bonds, abbreviated as "Jiuwu Convertible Bonds 02" (code 123276). Existing shareholders are entitled to priority placement on July 17, 2026, with remaining balances available to the public via the Shenzhen Stock Exchange on July 20, 2026. The issuance is underwritten by Guotai Haitong Securities, with a maximum underwriting commitment of 30% of the total issuance amount.

Jiangsu Jiuwu Hi-Tech Co., Ltd. is issuing convertible corporate bonds to unspecified investors. The company has received an A+ credit rating from New Century Rating, with a stable outlook. The issuance is unsecured, and the company has established a formal profit distribution policy prioritizing cash dividends. This document outlines the legal compliance, credit rating details, and the company's dividend distribution framework.

This legal opinion confirms the compliance of Hangzhou Changchuan Technology Co., Ltd.'s 2025 private placement of A-shares. Grandall Law Firm (Hangzhou) verified the issuance process, including approvals, invitations, and bidding procedures. The firm concludes that the issuance process and the selection of subscribers were conducted in accordance with relevant laws and regulations, including those of the CSRC and the Shenzhen Stock Exchange.

Wuhan Jingce Electronic Group Co., Ltd. announced it will temporarily not hold a shareholders' meeting to review a transaction. The company plans to issue shares, convertible bonds, and pay cash to acquire 41.17% of Shanghai Jingce Semiconductor Technology Co., Ltd. The decision is due to pending audit and valuation work. A shareholders' meeting will be convened after these tasks are completed.

Wuhan Jingce Electronic Group Co., Ltd. explains that its proposed acquisition of 41.17% equity in Shanghai Jingce Semiconductor Technology Co., Ltd. complies with relevant regulations for major asset reorganizations. The transaction is deemed fair, beneficial to the company's operations, and maintains independence.

Wuhan Jingce Electronic Group Co., Ltd. states that parties involved in its proposed share issuance and cash acquisition of Shanghai Jingce Semiconductor Technology Co., Ltd. do not violate regulatory provisions. Specifically, they are not under investigation for insider trading related to the transaction and have not been penalized by regulators or prosecuted in the last 36 months.

Wuhan Jingce Electronic Group explains that its proposed acquisition of a 41.17% stake in Shanghai Jingce Semiconductor Technology complies with the GEM Listing Rules and Major Asset Reorganization Rules. The transaction aligns with the GEM's focus on innovation and growth, and the share issuance price meets regulatory requirements.

Wuhan Jingce Electronic Group Co., Ltd. announces the shareholding structure of its top ten shareholders and top ten tradable shareholders as of July 8, 2026, the trading day before its suspension. This disclosure is in preparation for a major asset restructuring involving the acquisition of 41.17% equity in Shanghai Jingce Semiconductor Technology Co., Ltd.

Wuhan Jingce Electronic Group's board of directors confirms the company's compliance with regulations for issuing shares and convertible bonds to specific targets. The company is acquiring a 41.17% stake in Shanghai Jingce Semiconductor Technology Co., Ltd. and raising supporting funds. The board has reviewed the relevant articles of the "Administrative Measures for the Registration of Securities Issuance by Listed Companies" and found no prohibited circumstances.

Wuhan Jingce Electronic Group Co., Ltd. held its 16th Board of Directors meeting to review and approve a major asset restructuring plan. The plan involves issuing shares, convertible bonds, and cash to acquire a 41.17% stake in Shanghai Jingce Semiconductor Technology Co., Ltd. and raise supporting funds. The board approved multiple proposals related to the transaction's terms, pricing, and regulatory compliance.

This document explains Wuhan Jingce Electronic Group's asset transactions in the 12 months before a major acquisition. It details the sale of certain stakes in Shanghai Jingce Semiconductor Technology Co., Ltd. to various entities and individuals. The purpose is to comply with regulations regarding cumulative asset transactions.

This announcement explains the company's stock price fluctuations in the 20 trading days before the transaction announcement. The stock price increased by 57.30% during this period. Excluding market and industry factors, the stock price increase was 60.24% and 17.56% respectively, indicating significant volatility. The company has implemented strict confidentiality measures.

The board of directors of Wuhan Jingce Electronic Group Co., Ltd. confirms that the proposed transaction, involving the issuance of shares and payment of cash to acquire a 41.17% stake in Shanghai Jingce Semiconductor Technology Co., Ltd., complies with Article 4 of the regulatory guidelines. The transaction is deemed beneficial for asset integrity, operational independence, and financial health, without creating adverse competition or unfair related-party transactions.

The board of directors of Wuhan Jingce Electronic Group Co., Ltd. explains that the proposed issuance of shares, convertible bonds, and cash payment to acquire 41.17% of Shanghai Jingce Semiconductor Technology Co., Ltd. is expected to constitute a major asset reorganization and a related party transaction. However, it will not constitute a restructuring and listing as control of the company will not change.

Wuhan Jingce Electronic Group Co., Ltd. plans to acquire assets through a combination of share issuance, convertible bond issuance, and cash payments. The company will also raise supporting funds from no more than 35 specific investors. This transaction constitutes a related-party transaction and is subject to multiple regulatory and shareholder approvals. The audit and asset valuation processes are currently ongoing, with final details to be disclosed in the formal restructuring report.

This statement confirms that Wuhan Jingce Electronic Group Co., Ltd. has completed the necessary legal procedures for its proposed acquisition of 41.17% equity in Shanghai Jingce Semiconductor Technology Co., Ltd. through share issuance, convertible bonds, and cash. The board assures the completeness and legality of the process and submitted documents.

Wuhan Jingce Electronic Group Co., Ltd. outlines its confidentiality measures for a proposed transaction involving issuing shares and convertible bonds to acquire a stake in Shanghai Jingce Semiconductor Technology Co., Ltd. The company has implemented strict internal controls, limited insider access, and informed relevant parties of their obligations to prevent insider trading and market manipulation.

Wuhan Jingce Electronic Group plans to resume trading of its shares and convertible bonds on July 16, 2026, after a trading halt. The company is acquiring a 41.17% stake in Shanghai Jingce Semiconductor Technology Co., Ltd. The transaction constitutes a related party transaction and is expected to be a major asset restructuring.

Wuhan Jingce Electronic Group Co., Ltd. proposes to issue shares, convertible bonds, and pay cash to acquire assets and raise supporting funds. This transaction aims to integrate resources and enhance market competitiveness. The proposal details the transaction parties, asset valuation, and payment methods. The outcome is expected to strengthen the company's position in the semiconductor industry.

Wuhan Jingce Electronic Group Co., Ltd. announces the resumption of conversion for its convertible bond "Jingce Convertible Bond 2" (stock code: 123176) starting from July 16, 2026. This follows a temporary suspension for a major asset acquisition. The company's stock will also resume trading on the same date.

Guangzhou Hangxin Aviation Technology Co., Ltd. announces the delisting of its convertible bonds ("Hangxin Convertible Bonds") due to full redemption. The redemption was triggered by the stock price exceeding 130% of the conversion price for 15 out of 30 consecutive trading days. The bonds will be delisted from the Shenzhen Stock Exchange on July 16, 2026.

This notice convenes the 2026 First Extraordinary General Meeting of Chaozhou Sansan (Group) Co., Ltd. The meeting will discuss and vote on proposals including amendments to the company's articles of association and the election of directors and supervisors. Shareholders can attend in person or vote online.

The company announces the upcoming election of its 6th Board of Directors as the term of the 5th board concludes. It details the nomination process and candidates for non-independent and independent directors, ensuring compliance with regulations regarding director qualifications and tenure. The announcement also covers the departure of current directors.

Suzhou Industrial Park and Hoshine Electric Co., Ltd. announced it has received winning bid notifications for the China Oilfield Technology Services 2026-2028 Mobile Energy Storage Power Services Project. The company was awarded two packages, totaling an estimated contract value of RMB 141.302 million. This is a routine operational event expected to positively impact future performance.

Zhanjiang Guolian Aquatic Products Co., Ltd. announces its third extraordinary shareholders' meeting in 2026. The meeting will discuss proposals including the sale of a wholly-owned subsidiary's assets. Shareholders can attend in person or vote online. The meeting is scheduled for August 3, 2026.

The company's board of directors approved the sale of a subsidiary's real estate for $17 million USD and the convening of the third extraordinary general meeting of shareholders in 2026. The asset sale aims to optimize asset allocation and improve operational efficiency. The proceeds will be used for business development.

This report provides a market value appraisal for a real estate property held by Liancheng Investments, LLC, in connection with a proposed asset disposal by Zhanjiang Guolian Aquatic Products Co., Ltd. The appraised market value of the property is 120,639,739.00 RMB as of the valuation date. This appraisal was conducted by Hubei Zhonglian Assets Appraisal Co., Ltd. to support the company's strategic asset divestment plan.

Guolian Aquatic's wholly-owned subsidiary, Liancheng Investments, LLC, will sell its US real estate for $17 million. The transaction is not a related-party transaction or major asset restructuring, pending shareholder approval. Proceeds will fund business development, with the sale expected to positively impact the company's 2026 financial performance.

Guangdong Genesis Intelligent Equipment Group Co., Ltd. plans to issue up to 100,917,431 A-shares to its controlling shareholder and actual controller, Mr. Xia Jun, to raise between 300 million and 550 million RMB. The proceeds will be used to supplement working capital and repay bank loans. This issuance constitutes a related-party transaction and is subject to registration with the China Securities Regulatory Commission.

Guangdong Genesis Intelligent Equipment Group Co., Ltd. announced that it has received approval from the China Securities Regulatory Commission for its application to issue shares to specific objects. The approval is valid for 12 months from the date of registration. The company will proceed with the issuance according to the approved plan and report any major matters.

This announcement serves as the eighth risk warning for Sailong Pharmaceutical Group Co., Ltd. as its stock enters the delisting transaction period. The stock will be delisted on July 16, 2026, after a 15-trading-day period starting June 26, 2026. Investors are urged to exercise caution due to the impending delisting.

Wuxi Honghui New Materials Technology Co., Ltd. announces the resignation of Chairman Sheng Hanping due to work reassignment. The board will elect a new non-independent director, Xu Qing, to fill the vacancy. The resignation is effective upon the election of a new director.

The company's sixth board of directors held its ninth meeting, approving the resignation of Chairman Sheng Hanping and the election of Xu Qing as a non-independent director. The meeting also approved the convening of the first extraordinary general meeting of shareholders in 2026 to vote on these matters.

This announcement informs holders of Wenke Convertible Bonds about their impending maturity and trading suspension. The bonds will mature on August 19, 2026, with a redemption price of RMB 115 per bond. The last trading day is August 14, 2026, and trading will be suspended from August 17, 2026. Holders can still convert bonds into shares until August 19, 2026.

The board of directors of Fengxing Co., Ltd. held its 18th meeting, approving the acquisition of 25% equity in Baiyin Huaxin and the appointment of Daixin Certified Public Accountants as auditors. The meeting also approved the election of new non-independent and independent directors and the convening of an extraordinary general meeting.

This report provides an independent valuation of the total shareholders' equity of Baiyin Huaxin Jiuhe Renewable Resources Co., Ltd. The appraisal was conducted by Zhong Ming (Beijing) Assets Appraisal International Co., Ltd. to support a proposed equity acquisition by Fengxing Co., Ltd. The valuation serves as a reference for the transaction and was prepared in accordance with Chinese asset appraisal standards.

Fengxing Co., Ltd. will acquire a 25% equity stake in Baiyin Huaxin for RMB 147.5 million. This transaction constitutes a related party transaction as Guangdong Huaxin is the parent company of Fengxing's controlling shareholder. The acquisition aims to expand the company's business into the non-ferrous metal mining services and resource recycling sectors.

Shenyang Cuihua Gold & Silver Jewelry Co., Ltd. announces abnormal stock trading fluctuations due to a high turnover ratio. The company is under investigation by the CSRC for alleged information disclosure violations and failure to disclose periodic reports, posing a delisting risk. The company has not disclosed any material non-public information that could affect stock prices.

Shandong Longda intends to sign a debt compensation and creditor's rights confirmation agreement with Laiyang Hengji Engineering Co., Ltd. to redeem its convertible bonds. Laiyang Hengji will provide 363 million RMB for redemption, and in return, will obtain an equivalent creditor's right. This is part of Longda's pre-restructuring process.

Shandong Longda Gourmet Co., Ltd. held its 24th Board of Directors meeting to approve a debt-for-equity swap agreement. The company will receive a 363 million RMB loan from Laiyang Hengji Engineering Co., Ltd. to repay principal and interest for the "Longda Convertible Bonds." The resolution passed unanimously.

This announcement details a new lawsuit filed by Jiangxi Guokong Commercial Factoring Co., Ltd. against Guohai Construction and others, including Guangdong Xiaosong Technology Co., Ltd., for a factoring contract dispute. The company is named as a defendant and is jointly and severally liable for the debt. The company also provides an update on cumulative litigation and arbitration matters, noting recent developments in four cases.

This announcement details cumulative litigation and arbitration cases involving Lingnan Ecology and its subsidiaries over the past twelve months. The total amount involved is approximately RMB 196.07 million, representing 14.53% of the company's net assets. No single case exceeds RMB 10 million or 10% of net assets. The impact on current or future profits is uncertain due to ongoing proceedings.

Jinhe Biotechnology Co., Ltd. is issuing A shares to specific objects via a simplified procedure to raise funds for environmental projects and working capital. The offering aims to raise up to RMB 300 million, not exceeding 20% of net assets. The issuance has been approved by shareholders and the board, and is subject to regulatory approval.

Jinhe Biotechnology plans to issue A-shares to 11 specific targets using a simplified procedure to raise capital. The proceeds will fund wastewater treatment expansion, water resource recycling, and the construction of new grain storage facilities. This financing aims to enhance the company's environmental service capabilities, optimize raw material costs, and strengthen its overall capital structure.

This announcement details revisions to a proposal for issuing A shares to specific investors. Key figures include the proposed issuance price of 4.42 yuan/share and a total fundraising target of 300 million yuan. The revisions address shareholder approval procedures and financial impact assessments, confirming the issuance is not expected to cause a significant change in control.

Jinhe Biology Technology Co., Ltd. announced the revised draft plan for issuing A-shares to specific objects by simplified procedures. The plan was approved at the fourth meeting of the seventh board of directors. The disclosure does not represent approval; the issuance requires further review and approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission. Investors are advised to be aware of investment risks.

This announcement details the risk of diluted immediate returns from the company's simplified issuance of shares to specific objects and outlines measures to compensate for this dilution. It includes assumptions for financial projections and commitments from major shareholders and management to ensure the effectiveness of these measures, aiming to enhance profitability and shareholder returns.

Jinhe Biotechnology Co., Ltd. held its fourth meeting of the seventh board of directors to approve the final bidding results for its 2025 non-public issuance of A-shares via a simplified procedure. The board confirmed the issuance of shares to 11 specific investors at a price of 4.42 yuan per share, raising approximately 300 million yuan. Additionally, the board approved related subscription agreements and updated the issuance proposal and feasibility reports.

This announcement details the completion of an equity acquisition by a subsidiary of Guangdong Delian Group Co., Ltd. The subsidiary, Changchun Youchi Automobile Sales Service Co., Ltd., has successfully acquired 100% of the equity in Changchun Rong Automobile Sales Service Co., Ltd. This transaction has been finalized with the completion of industrial and commercial registration, making Changchun Rong a wholly-owned subsidiary and integrating it into the consolidated financial statements.

Chengdu Road & Bridge will have 52,997,030 shares of its stock, held by its controlling shareholder's concerted party Sichuan Hongyi Jiahua, judicially auctioned on Taobao. This represents 7.00% of total share capital. The auction is a restart after a previous suspension. The outcome is uncertain but is not expected to change control.