Summary of Key Points Core Viewpoint - The document outlines the changes in the issued shares and treasury shares of Cathay Securities Co., Ltd., including details on share repurchase and stock issuance as per the Hong Kong Stock Exchange regulations. Group A: Changes in Issued Shares - As of May 8, 2025, the total issued shares (excluding treasury shares) were 14,058,238,879, which increased to 14,123,948,848 by May 9, 2025, reflecting a change of 65,709,969 shares [1]. - The total issued shares (excluding treasury shares) at the end of May 9, 2025, were 14,056,548,259, with treasury shares amounting to 67,400,589 [1]. Group B: Share Repurchase - The company repurchased a total of 1,690,620 shares on the Shanghai Stock Exchange, with a total expenditure of RMB 29,335,624.4 [2]. - No shares were repurchased for cancellation, indicating that all repurchased shares are intended to be held as treasury shares [2]. Group C: Compliance and Confirmation - The company confirms that all share issuance and treasury share transactions have been authorized by the board and comply with applicable listing rules and regulations [1][2]. - The document includes a confirmation that the repurchase activities were conducted according to the local regulations of the respective stock exchange [2].

Core Points - Shanghai Zhengfan Technology Co., Ltd. issued 9,437,854 shares at a price of RMB 19.39 per share, raising a total of RMB 182,999,989.06, with net proceeds after expenses being undisclosed [1] - The underwriting and continuous supervision of the stock issuance is handled by Guotai Junan Securities Co., Ltd. and later by Haitong Securities Co., Ltd. until December 31, 2024 [1][2] - The company has a registered capital of RMB 283.606254 million and is listed on the Shanghai Stock Exchange with the stock code 688596.SH [2] Summary of Underwriting Work - The underwriting institution is responsible for ensuring compliance with regulations and monitoring the company's governance and internal control systems [3] - The issuer has cooperated well with the underwriting institution, providing timely communication and necessary documentation for effective supervision [3][4] - The issuer's fundraising has been stored in a dedicated account and used according to legal requirements, with no violations reported [4] Evaluation of Securities Service Institutions - The securities service institutions engaged by the issuer have complied with legal requirements and provided timely professional reports and advice during the continuous supervision phase [4] Conclusion on Information Disclosure - The underwriting institution has reviewed the issuer's information disclosure documents and confirmed compliance with relevant regulations, ensuring that all disclosures are accurate and timely [4] Use of Raised Funds - The underwriting institution has audited the use of raised funds, confirming that they have been stored and used in accordance with regulations, with no violations noted [4]

Profit Distribution Matters - The company plans to distribute a cash dividend of 2.80 yuan (including tax) for every 10 shares to all shareholders, amounting to a total cash dividend of 81,784,031.28 yuan (including tax) based on a total share capital of 292,085,826 shares as of the announcement date [1][2] - The company reported a net profit attributable to shareholders of 527,748,576.32 yuan for the fiscal year 2024, with retained earnings of 1,055,820,501.18 yuan as of December 31, 2024 [1][2] Board Approval and Future Adjustments - The profit distribution proposal was approved in meetings held on April 28, 2025, by both the Board of Directors and the Supervisory Board, and it will be submitted for approval at the 2024 annual general meeting [2] - Any changes in total share capital due to convertible bond conversions, share buybacks, or other corporate actions will result in adjustments to the per-share distribution ratio while maintaining the total distribution amount [2] Impact Analysis - The profit distribution plan considers the company's current development stage and future funding needs, indicating it will not significantly impact the company's operating cash flow or long-term development [2] - The proposal complies with relevant laws and regulations, ensuring it does not adversely affect the safety of bond principal and interest payments or the company's debt repayment capacity [2][3]

国泰海通证券股份有限公司 关于实朴检测技术（上海）股份有限公司 保荐人名称：国泰海通证券股份有限公司 被保荐公司简称：实朴检测 保荐代表人姓名：曾军 联系电话：021-23180000 保荐代表人姓名：石冰洁 联系电话：021-23180000 一、保荐工作概述 项目 工作内容 （1）是否及时审阅公司信息披露文件 是 （2）未及时审阅公司信息披露文件的次数 0 的情况 （1）是否督导公司建立健全规章制度（包 括但不限于防止关联方占用公司资源的制 是 度、募集资金管理制度、内控制度、内部审计 制度、关联交易制度） （2）公司是否有效执行相关规章制度 是 （1）查询公司募集资金专户次数 2 （2）公司募集资金项目进展是否与信息披 是 露文件一致 （1）列席公司股东大会次数 0 （2）列席公司董事会次数 0 （3）列席公司监事会次数 0 （1）现场检查次数 2 （2）现场检查报告是否按照本所规定报送 是 项目 工作内容 公司2024年存在关联交易未履行必要的审 议程序及信息披露程序情形，保荐机构在 获悉此事后对公司进行了专项现场检查。 （3）现场检查发现的主要问题及整改情况 公司已履行关联交易审议程序，追认上述 关 ...

Core Viewpoint - The eighth New Fortune Best Investment Advisor Selection has attracted a record number of participants, with 39,893 qualified advisors from 90 securities firms, marking a significant increase in engagement within the industry [1][3]. Group 1: Participation Statistics - A total of 40,350 professionals registered for the competition, with 39,893 meeting the eligibility criteria, setting a new record for participation [1]. - Eleven securities firms had over 1,000 advisors participating, with GF Securities leading at 4,385 participants, followed by China Galaxy Securities and CITIC Securities with 3,860 and 3,477 respectively [3][5]. - The top 10 firms accounted for 25,913 participants, representing 65% of the total [3][5]. Group 2: Regional Distribution - Participants came from 31 regions across China, with Guangdong, Shanghai, Shandong, Zhejiang, and Beijing contributing the highest numbers, totaling 6,192, 2,942, 2,608, 2,537, and 2,401 respectively, which together account for 41.81% of the total [14]. - The advisors were distributed across 325 cities, with the top 20 cities contributing 19,848 participants, or 49.75% of the total [14]. Group 3: Evaluation Phases - The evaluation process consists of two main phases: the first phase, "Investment Management Capability Evaluation," runs from May 1 to October 31, 2025, focusing on stock trading and ETF groups [16][17]. - The second phase, "Service Capability Evaluation," will commence in November, with final results to be announced by the end of December 2025 [17]. Group 4: Technological Integration - The competition will utilize the Go-Goal platform, which includes an AI-driven tool called "Xiao Er Q&A" to assist advisors in their investment strategies, particularly in ETF selection and configuration [19]. - The focus on ETFs has increased due to the removal of the public fund allocation group, indicating a shift in investment strategies within the advisory community [19].

南都·湾财社记者注意到，5月8日以来，中信证券、国泰海通证券、中信建投证券等12家证券公司先后在上交所、深交所披露公告，面向专业投资者公开发 行科技创新公司债券。 | 债券公告 | | 债券代码 | 债券简称 | 公告标题 | | --- | --- | --- | --- | --- | | 国债公告 | | 242566 | 25中证K1 | 中信证券股份有限公司2025年面向专业机构投资者公开发行科技创新公司债券 | | 地方政府债券公告 | | 242566 | 25中证K1 | 中信证券股份有限公司2025年面向专业机构投资者公开发行科技创新公司债券 | | 金融债公告 | | | | | | 公开发行公司债券 (含企业债券) | | 242566 | 25中证K1 | 中信证券股份有限公司2025年面向专业机构投资者公开发行科技创新公司债券 | | V= | | 242567 | 25中证K2 | 中信证券股份有限公司2025年面向专业机构投资者公开发行科技创新公司债券 | | 可转换公司债券公告 | | | | | | 可交换公司债券公告 | | 242567 | 25中证K2 | 中信证券股份 ...

Core Viewpoint - The People's Bank of China and the China Securities Regulatory Commission have jointly announced support for the issuance of technology innovation bonds by financial institutions, technology companies, private equity investment institutions, and venture capital institutions [1] Group 1: Issuance Response - Following the policy announcement, 36 companies have announced the issuance of technology innovation bonds with a total issuance scale of 21 billion yuan [3] - 14 companies have initiated registration with a total registered scale of 18 billion yuan [3] - 24 private equity investment institutions are expected to issue technology innovation bonds with an overall scale of nearly 10 billion yuan [3] Group 2: Financial Institutions' Plans - The China Development Bank plans to issue no more than 20 billion yuan in technology innovation bonds, divided into three varieties: 6 billion yuan for a 2-year term, 10 billion yuan for a 3-year term, and 4 billion yuan for a 182-day term [3] - Industrial and Commercial Bank of China plans to issue a base amount of 10 billion yuan, with an oversubscription of no more than 10 billion yuan [3] - Industrial Bank intends to issue 10 billion yuan [3] Group 3: Use of Proceeds - The funds raised from the issuance of technology innovation bonds by banks and other institutions will be used to support the development of technology innovation businesses [3] - The China Development Bank has stated that the raised funds will primarily be allocated to national technology innovation demonstration enterprises and manufacturing industry champions [3] Group 4: Private Equity Institutions - 14 private equity investment institutions, including Yuanhe Holdings and Luxin Venture Capital, have announced an expected issuance scale of 6 billion yuan [4] - 10 private equity investment institutions, such as Junlian Capital and Qiming Venture Partners, have entered the registration process [4]

科创债发行主体扩容之后，券商积极响应。 沪深交易所官网显示，5月8日，中信证券、国泰海通、华泰证券、中国银河、申万宏源证券、中信建投、招商 证券、东方证券、平安证券、长城证券、国联民生、华福证券共计12家券商披露了公开发行科技创新公司债券 的公告，累计发行规模达到177亿元。另外，记者了解到，还有东吴证券等多家券商已提交了相关申请，但尚 未披露。 "科创债发行主体范围扩宽，契合了券商在服务科创企业的资金需求。证券公司不仅能为科创企业提供高质量 承销服务，还可以在股权、债券、基金投资、做市服务等方面为科创企业提供全方位的服务。"招商证券资金 部门相关负责人告诉券商中国记者。 券商"抢滩"科创债 5月7日，中国人民银行、中国证监会联合发布关于支持发行科技创新债券有关事宜的公告，其中一大亮点是在 发行主体上新增支持商业银行、证券公司、金融资产投资公司等金融机构发行科技创新债券。 "金融机构纳入科创债发行主体范围将推动科创债市场进一步扩容，增强贷、债、股资金支持科技创新的联动 性，拓宽科创债产品边界，全面提升市场活力。"中证鹏元研发部高级董事高慧珂对券商中国记者表示。 政策风起，券商也积极行动。上交所和深交所官网显示 ...

Summary of Key Points Core Viewpoint - The announcement details the lifting of the lock-up period for 38,024,000 shares of Guangdong Desheng Technology Co., Ltd., which represents 8.81% of the company's total share capital, scheduled for May 14, 2025 [1][7]. Group 1: Basic Information on the Lifting of Lock-up Shares - The shares were issued to the controlling shareholder, Mr. Guo Xiaobin, at a price of RMB 10.42 per share, with the initial issuance of 19,400,000 shares approved by the China Securities Regulatory Commission [1][8]. - Following the 2021 and 2022 annual profit distribution plans, the number of shares increased to 27,160,000 and then to 38,024,000 respectively [2][9]. Group 2: Listing and Circulation Arrangements - The lifting of the lock-up period will allow the shares to be listed and circulated starting May 14, 2025 [3][12]. - The total number of shares to be released from lock-up is 38,024,000, with one shareholder, Mr. Guo Xiaobin, holding these shares [3][12]. Group 3: Shareholder Commitments and Compliance - Mr. Guo Xiaobin has made commitments regarding the non-use of company funds for non-operational purposes, and there are no violations regarding guarantees that could harm the company's interests [4][13]. - The sponsor institution, Guotai Junan Securities Co., Ltd., has confirmed that the lifting of the lock-up period complies with relevant regulations and that the information disclosed by the company is accurate and complete [5][13].

Group 1 - The company will hold its 2024 Annual General Meeting (AGM) on May 29, 2025, at 13:30 in Shanghai [2][4] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for each [2][3] - The online voting system will be provided by the Shanghai Stock Exchange, with voting available from 9:15 to 15:00 on the day of the meeting [2][3] Group 2 - The AGM will review various reports, including the assessment and compensation of directors, supervisors, and senior management for 2024 [5] - Special resolutions and separate voting for minority shareholders will be included in the agenda [6] - Certain shareholders are required to abstain from voting on specific resolutions due to conflicts of interest [6] Group 3 - The company will utilize a reminder service to ensure that minority shareholders are informed and can participate in the voting process [7] - Shareholders with multiple accounts can aggregate their voting rights across all accounts [7][8] - The company has outlined specific registration procedures for both individual and institutional shareholders attending the meeting [11][13]