Core Viewpoint - The company, Jilin Zhongyan High Polymer Materials Co., Ltd., has announced delays in certain fundraising investment projects and changes in the implementation methods of these projects, which are deemed necessary for better alignment with the company's development requirements and market conditions [1][4]. Fundraising Overview - The company raised a total of RMB 902.26 million through the issuance of 30,420,000 shares at a price of RMB 29.66 per share, with a net amount of RMB 799.71 million after deducting issuance costs [1][2]. Investment Project Details - The total investment for the "Annual Production of 5,000 Tons of PEEK Deep Processing Series Products Comprehensive Plant (Phase II)" project is RMB 526.55 million, with RMB 455.10 million allocated from the raised funds [2][3]. Project Delays and Reasons - The projects experiencing delays include the "Annual Production of 5,000 Tons of PEEK Deep Processing Series Products Comprehensive Plant (Phase II)" and the "Innovation and Technology R&D Center Project," with the expected completion date postponed to September 2026 [4][5]. - The delays are attributed to the need for dynamic adjustments in equipment selection and installation based on market conditions, as well as ensuring that the projects meet the company's development needs [4][5]. Measures for Project Completion - The company plans to closely monitor policy and market changes, enhance internal and external supervision of fundraising usage, and ensure that funds are used effectively according to project progress [5][6]. Project Necessity and Feasibility - The projects are considered necessary for enhancing production capacity and technological capabilities, aiming to close the gap with international competitors in the PEEK industry [6][7]. - The construction aligns with national industrial policies and has a solid customer base in high-end sectors, ensuring the feasibility of the projects [7][8]. Changes in Implementation Methods - The implementation method for the "Shanghai Carbon Fiber PEEK Composite Material R&D Center Project" has been changed from providing loans to increasing capital in the project entity, which is expected to improve the efficiency of fund usage [12][13]. Approval Process - The board of directors and the supervisory board have approved the changes and delays, confirming that these decisions align with relevant regulations and will not adversely affect the company's operations or shareholder interests [14][15].

关于 山西华翔集团股份有限公司 限制性股票预留权益授予相关事项 之 独立财务顾问报告 独立财务顾问 二〇二五年八月 国泰海通证券股份有限公 司 独 立财务顾问报告 目 录 国泰海通证券股份有限公司 独立财务顾问报告 第一章 释义 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： 华翔股份/ 指 山西华翔集团股份有限公司 公司/上市公司 国泰海通证券股份有限公司关于山西华翔集团股份有限公司 2024 本独立财务顾问报 指 年 A 股限制性股票激励计划限制性股票预留权益授予相关事项之 告 独立财务顾问报告 本计划/本激励计划 指 山西华翔集团股份有限公司 2024 年限制性股票激励计划 独立财务顾问 指 国泰海通证券股份有限公司 公司根据激励计划规定的条件和价格，授予激励对象一定数量的公 限制性股票 指 司股票，该等股票设置一定期限的限售期，在达到激励计划规定的 解除限售条件后，方可解除限售流通 按照激励计划规定获得限制性股票的在公司（含控股子公司）任职 激励对象 指 的核心管理人员、核心技术人员以及公司董事会认为需要进行激励 的相关员工 授予日 指 公司向激励对象授予限制性股票的日期，授予日必须为交易 ...

Group 1 - The State Council issued an opinion on the implementation of "Artificial Intelligence+" actions, aiming for deep integration of AI with six key areas by 2027, with a target application penetration rate of over 70% for new intelligent terminals and agents [2] - By 2030, AI is expected to fully empower high-quality development in China, with application penetration rates exceeding 90%, making the intelligent economy a significant growth driver [2] - By 2035, China aims to enter a new stage of intelligent economy and society development, supporting the realization of socialist modernization [2] Group 2 - The National Development and Reform Commission announced a new round of fuel price adjustments, effective from August 26, with gasoline and diesel prices reduced by 180 yuan/ton and 175 yuan/ton respectively, translating to a decrease of 0.14 yuan per liter for 92 gasoline [3] - During the 14th Five-Year Plan period, China plans to build the world's largest electric vehicle charging network, with a target of two charging piles for every five vehicles [3] - The renewable energy generation capacity is expected to increase from 40% to around 60% during this period [3] Group 3 - Since 2012, China's foreign investment flow has ranked among the top three globally for 13 consecutive years, with over 50,000 enterprises established overseas by the end of 2024 [4] - The total foreign investment stock exceeds 3 trillion USD, maintaining a global share of 7.2% [4] Group 4 - As of July 2025, the total scale of public funds in China reached 35.08 trillion yuan, setting a new historical high [5] - The Ministry of Housing and Urban-Rural Development and the People's Bank of China issued a management measure for anti-money laundering in real estate, mandating compliance from real estate institutions [5] Group 5 - The Australian Postal Corporation announced the suspension of most parcel services to the United States, with exceptions for letters and gifts valued under 100 USD [6] Group 6 - Companies such as Cambrian reported a net profit of 1.038 billion yuan in the first half of the year, marking a turnaround from losses [7] - China Ping An's operating profit grew by 3.7% in the first half, with an interim dividend of 0.95 yuan per share [7] - Northern Rare Earth's revenue increased by 45.24% year-on-year, with net profit soaring by 1951.52% [7] - Companies like Victory Technology and Light Media reported significant profit increases of 366.89% and 371.55% respectively in the first half of the year [7] Group 7 - According to Citic Securities, improving liquidity is expected to support a rebound in Hong Kong stocks, with a focus on innovative drugs and internet opportunities [9] - Guotai Junan predicts that the paper industry chain prices are likely to continue rising due to seasonal demand and low inventory levels [10]

上海国泰海通证券资产管理有限公司（以下简称"公司"或"国泰海通资管"）、上海海通证券资产管理有 限公司（以下简称"海通资管"）的股东国泰海通证券股份有限公司于2025年8月15日作出股东决定，同 意由国泰海通资管吸收合并海通资管，存续公司为国泰海通资管。自交割日起，海通资管的全部权利、 义务、经营、业务、资产、人员、合同、资质、债权、债务、产品和账户等由合并后的国泰海通资管承 继。 根据《中华人民共和国公司法》等相关法律法规的规定，公司特此通知债权人，公司债权人自接到公司 通知起三十日内、未接到通知者自本公告披露之日起四十五日内，均有权凭有效债权文件及相关凭证要 求公司清偿债务或提供相应担保。债权人如逾期未向公司申报上述要求，不会因此影响其债权的有效 性，相关债务（义务）将由合并后的国泰海通资管承继。对于根据本公告进行有效申报的债权人，公司 将根据相关适用的法律法规规定及债权人的要求对相关债务进行提前清偿或提供担保。 一、债权申报所需材料 债权人可持证明债权债务关系合法存续的合同、协议及其他相关凭证的原件及复印件到公司申报债权。 1、债权人为法人的，需同时携带法人营业执照副本原件及复印件、法定代表人身份证明文 ...

上海海通证券资产管理有限公司（以下简称"公司"或"海通资管"）、上海国泰海通证券资产管理有限公 司（以下简称"国泰海通资管"）的股东国泰海通证券股份有限公司于2025年8月15日作出股东决定，同 意由国泰海通资管吸收合并海通资管，存续公司为国泰海通资管。自交割日起，海通资管的全部权利、 义务、经营、业务、资产、人员、合同、资质、债权、债务、产品和账户等由合并后的国泰海通资管承 继。 根据《中华人民共和国公司法》等相关法律法规的规定，公司特此通知债权人，公司债权人自接到公司 通知起三十日内、未接到通知者自本公告披露之日起四十五日内，均有权凭有效债权文件及相关凭证要 求公司清偿债务或提供相应担保。债权人如逾期未向公司申报上述要求，不会因此影响其债权的有效 性，相关债务（义务）将由合并后的国泰海通资管承继。对于根据本公告进行有效申报的债权人，公司 将根据相关适用的法律法规规定及债权人的要求对相关债务进行提前清偿或提供担保。 一、债权申报所需材料 联系人：徐一 债权人可持证明债权债务关系合法存续的合同、协议及其他相关凭证的原件及复印件到公司申报债权。 1、债权人为法人的，需同时携带法人营业执照副本原件及复印件、法定代 ...

Core Viewpoint - The report highlights the significant presence of brokerages in the stock market, with a focus on their investment strategies and the sectors they are targeting, particularly emphasizing high-dividend blue-chip stocks and high-growth potential stocks in technology and biomedicine [2][4]. Group 1: Brokerage Holdings - As of the end of June, brokerages collectively held 147 heavily weighted stocks, with 30 brokerages involved, totaling 2.261 billion shares and a market value of 29.492 billion yuan [2][3]. - Among the 147 stocks, 18 were held by two or more brokerages, with notable mentions including Fuan Energy, Ruida Futures, and Zhejiang Huaye, each held by three brokerages [2][3]. - The industry distribution of these stocks includes 24 in hardware equipment, 17 in chemicals, 15 in both non-ferrous metals and machinery, and 13 in pharmaceuticals and biotechnology [2]. Group 2: Investment Strategies - Brokerages are increasingly focusing on high-dividend blue-chip stocks while also investing in high-growth sectors such as technology, biomedicine, and national defense, aligning with the trends of high-quality economic development and industrial restructuring [2][4]. - The top brokerages, such as CITIC Securities and CICC, have a significant number of holdings, with CITIC holding 26 stocks and CICC holding 30 stocks, indicating a preference for stability and diversification in their investment strategies [4]. - Several brokerages have disclosed their investment strategies, emphasizing a cautious approach with a focus on low-risk, low-volatility, and steady dividend stocks, as well as flexible and balanced strategies that prioritize sectors benefiting from liquidity improvements and policy support [4].

国泰海通证券股份有限公司 关于上海益诺思生物技术股份有限公司 首次公开发行前已发行股份及首次公开发行战略配售股份 上市流通的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为上海 益诺思生物技术股份有限公司（以下简称"益诺思"或"公司"）首次公开发行股票 并在科创板上市及持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号——规范运作》等法律法规的相关规定，对益诺思首次公开发行 前已发行股份及首次公开发行战略配售股份上市流通事项进行了核查，核查情况 及核查意见如下: 一、本次上市流通的限售股类型 根据中国证券监督管理委员会出具的《关于同意上海益诺思生物技术股份有 限公司首次公开发行股票注册的批复》 （证监许可〔2024〕762 号），并经上海证 券交易所同意，公司首次向社会公开发行人民币普通股（A 股）35,244,904 股， 并于 2024 年 9 月 3 日在上海证券交易所科创板挂牌上市，发行后公司总股本为 （www.sse.com.cn）上披露的《上海益诺思生物技术股份有限公司公开 ...

Core Viewpoint - The company intends to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency without affecting the normal implementation of its investment projects [1][5][9]. Fundraising Overview - The company raised a net amount of RMB 90,538.59 million from its initial public offering, with RMB 40 million recorded as paid-in capital and RMB 86,538.59 million as capital reserve [1]. - The total amount raised was confirmed by the accounting firm on September 20, 2023 [2]. Fund Management and Investment Projects - The company has established a special account for the raised funds and signed tripartite and quadripartite supervision agreements to ensure proper management [3]. - The total planned use of the raised funds for investment projects is RMB 100,546 million, with RMB 90 million allocated for specific projects [4]. Cash Management Details - The company plans to use up to RMB 49,000 million of the temporarily idle funds for cash management, which can be rolled over within the specified limit [4][6]. - The cash management will involve purchasing low-risk, high-liquidity financial products with a maturity of no more than 12 months [5][6]. Approval and Oversight - The board of directors approved the cash management plan on August 26, 2025, allowing for the use of idle funds within a 12-month period [8]. - The supervisory board also endorsed the plan, stating it would enhance fund efficiency without altering the intended use of the raised funds [9]. Sponsor's Verification - The sponsor confirmed that the cash management plan complies with relevant regulations and does not affect the normal execution of the company's investment projects [9].

国泰海通证券股份有限公司 关于浙江华远汽车科技股份有限公司 首次公开发行股票募投项目结项并将节余募集资金永久补 流及注销募集资金专户事项的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为浙江 华远汽车科技股份有限公司（以下简称"浙江华远"、"公司"或"发行人"）首次公 开发行股票并在创业板上市的持续督导保荐机构，根据《证券发行上市保荐业务 管理办法》《上市公司募集资金监管规则》《深圳证券交易所创业板股票上市规 则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运 作》等相关法律、法规和规范性文件的规定，对浙江华远首次公开发行股票募投 项目结项并将节余募集资金永久补流及注销募集资金专户事项进行了审慎核查， 具体核查情况如下： 一、首次公开发行股票募集资金的基本情况 经中国证券监督管理委员会《关于同意浙江华远汽车科技股份有限公司首次 公开发行股票注册的批复》（证监许可〔2024〕1973 号）同意，公司首次公开 发行人民币普通股（A 股）6,379.4118 万股，每股面值为人民币 1.00 元，每股发 行价格为人民币 4.92 元，募集资金总额为人民币 313, ...

Core Viewpoint - The gaming industry in China is experiencing a positive trend, with a record number of domestic game approvals and continued growth in market size, indicating a healthy long-term outlook for the sector [1] Industry Summary - On August 25, the National Press and Publication Administration announced the approval of 166 domestic online games, marking a historical high for game approvals [1] - A new batch of imported games was also approved, including 7 titles, reflecting ongoing regulatory support for the industry [1] - The gaming industry showed sustained growth in July 2025, with the domestic market size reaching 29.084 billion yuan, a year-on-year increase of 4.62% [1] - Mobile gaming experienced a slight growth of 0.92%, while client-based gaming saw a significant increase of 16.56% [1] - Notable game performances include Tencent's "Delta Action" achieving 20 million daily active users in July and the successful launch of the mobile game "Valorant" on August 19, which boosted user engagement [1] - Other games like Giant Network's "Supernatural Action Group" and G-bits' "Staff Sword Legend" also performed well during July and August [1] - The industry is expected to perform well in the third quarter, particularly during the summer peak season, supported by favorable policies and abundant supply [1]