Group 1 - The National Venture Capital Guiding Fund has officially launched with a government investment of 100 billion yuan, expected to leverage over 1 trillion yuan in social capital for strategic emerging industries such as integrated circuits, artificial intelligence, and quantum technology [3] - The People's Bank of China (PBOC) emphasizes the need to improve the policy environment for long-term investments, aiming to increase the scale and proportion of medium- and long-term funds invested in A-shares [4] - The Shanghai Stock Exchange has released guidelines to support commercial rocket companies, allowing them to list on the Sci-Tech Innovation Board under specific conditions [3] Group 2 - The Ministry of Industry and Information Technology has outlined ten key tasks for 2026, including addressing "involution" competition and supporting artificial intelligence initiatives [4] - The industrial economy is projected to grow by 5.9% in 2025, with digital industry revenue expected to increase by around 9% [4] - The National Bureau of Statistics has confirmed that China's GDP for 2024 is 13.48 trillion yuan, with a year-on-year growth of 5.0% [4] Group 3 - The A-share market experienced a slight increase, with the Shanghai Composite Index rising by 0.10% to 3963.68 points, marking an eight-day winning streak [6] - The PBOC and the State Administration of Foreign Exchange have clarified that funds raised from overseas listings can be repatriated in foreign currency or RMB [7] - The China Securities Regulatory Commission is taking strict measures against *ST Chang Pharmaceutical for serious financial fraud, proposing fines and initiating delisting procedures [7] Group 4 - The first batch of national-level zero-carbon parks has been announced, with 52 parks expected to generate a total output value of 3.54 trillion yuan [5] - The Ministry of Finance and other departments have issued guidelines to enhance the role of government financing guarantee systems in supporting labor-intensive small and micro enterprises [5] - The PBOC has included agricultural facilities and clearly owned livestock in the scope of agricultural rural mortgage financing to promote rural revitalization [5]

Core Viewpoint - Tianchuang Fashion (603608.SH) is undergoing a change in control, with significant share transfers involving major shareholders [1] Group 1: Shareholding Structure - Quanzhou Hetian directly holds 73,239,821 shares of Tianchuang Fashion, accounting for approximately 17.45% of the total share capital [1] - Li Lin personally holds 4,170,317 shares, representing about 0.99% of the total share capital [1] - Together, Quanzhou Hetian and Li Lin hold a total of 77,410,138 shares, which is around 18.44% of the total share capital [1] Group 2: Share Transfer Agreement - On December 26, 2025, Quanzhou Hetian, Li Lin, and the second-largest shareholder Hong Kong Gaochuang signed a share transfer agreement with Anhui Xianrui [1] - Quanzhou Hetian plans to transfer 45,959,020 shares (approximately 10.95% of the total share capital) to Anhui Xianrui [1] - Hong Kong Gaochuang intends to transfer 37,774,537 shares (about 9% of the total share capital) to Anhui Xianrui [1] Group 3: Post-Transfer Shareholding - After the completion of the share transfers, Anhui Xianrui will hold 83,733,557 shares, representing approximately 19.95% of the total share capital [1] - Quanzhou Hetian's shareholding will decrease from 17.45% to 6.5%, while Hong Kong Gaochuang's shareholding will drop from 13.61% to 4.61% [1] - The controlling shareholder will change from Quanzhou Hetian to Anhui Xianrui, and the actual controller will change from Li Lin to Hu Xiangen [1] Group 4: Stock Resumption - The company's stock, convertible bonds, and convertible bond conversions will resume trading starting December 29, 2025 [1]

格隆汇12月26日丨天创时尚(603608.SH)公布，本次控制权拟变更之前，泉州禾天直接持有天创时尚 73,239,821股，约占公司当前总股本的17.45%，李林个人直接持有天创时尚4,170,317股，约占公司当前 总股本的0.99%，泉州禾天及李林合计持有天创时尚77,410,138股，约占公司当前总股本的18.44%。泉 州禾天为公司控股股东，李林为公司实际控制人。2025年12月26日，控股股东泉州禾天、实际控制人李 林、第二大股东香港高创与安徽先睿签署了《股份转让协议》，泉州禾天拟向安徽先睿转让其所持有天 创时尚45,959,020股股份（约占公司当前总股本的10.95%）、香港高创拟向安徽先睿转让其所持有天创 时尚37,774,537股股份（约占公司当前总股本的9%），本次股份转让完成后，安徽先睿将持有公司 83,733,557股股份，约占公司当前总股本的19.95%，泉州禾天所持公司股份比例由17.45%减少至6.5%， 香港高创所持公司股份比例由13.61%减少至4.61%，公司控股股东将由泉州禾天变更为安徽先睿、实际 控制人将由李林变更为胡先根。公司股票、可转债债券以及可转债转股自202 ...

Major Announcements - Daye Co., Ltd. states that its robotic tendon products are not yet in mass production and have not generated substantial revenue [9] - Shandong Road and Bridge's subsidiary won a construction project for the Yiyuan to Zoucheng expressway with a total bid price of approximately 94.02 billion yuan [14][15] - ST Chang Pharmaceutical's stock will be subject to a delisting risk warning starting December 29, 2025, due to negative net assets and false reporting in annual reports from 2021 to 2023 [8] Company Specific Updates - Yongding Co., Ltd. clarifies that it does not directly manufacture controllable nuclear fusion devices but provides materials for the winding of magnetic coils; its revenue from related activities is less than 1% of total revenue and is currently unprofitable [1] - Reascend Technology reports that it has no current orders for high-silicon oxide fiber products, and future order acquisition is highly uncertain; revenue from aerospace-related products is only about 0.5% of total revenue [2] - China Duty Free Group's subsidiary won a bid for the Beijing Capital International Airport duty-free project with a guaranteed operating fee of 480 million yuan for the first year [3] - XWANDA's subsidiary is involved in a lawsuit with a claim amount of approximately 2.314 billion yuan related to quality issues in battery cells delivered between June 2021 and December 2023 [4] - Zhejiang Rongtai plans to establish a joint venture in Thailand with Weichuang Electric to develop mechatronic systems for smart robots [5] - Defu Technology extends the deadline for acquiring shares in a Luxembourg copper foil company to January 9, 2026 [6][7] - Xinke Mobile states that its revenue from satellite internet is minimal and does not significantly impact overall performance [10] - Daya Intelligent received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations [11] Investment and Financial Updates - Guangdong Construction's subsidiary signed a framework agreement for a green methanol project with an estimated total investment of about 6 billion yuan [13] - XCMG Machinery's controlling shareholder plans to increase its stake by no less than 80 million yuan [18] - ST Guohua's major shareholder increased its stake to 26% without triggering mandatory tender offer obligations [19] - ST Zhanggu's stock will resume trading on December 29, 2025, following a capital increase from a restructuring plan [20] - Tianchuang Fashion's controlling shareholder will change to Anhui Xianrui, with stock resuming trading on December 29, 2025 [21]

Core Viewpoint - Tianchuang Fashion (603608) announced a change in its controlling shareholder to Anhui Xianrui Investment Holding Co., Ltd., with the actual controller changing from Li Lin to Hu Xiangen [1] Group 1: Shareholder Changes - Tianchuang Fashion's major shareholder Quanzhou Hetian will transfer approximately 45.96 million shares (10.95% of total share capital) to Anhui Xianrui [1] - Hong Kong Gaochuang will transfer approximately 37.77 million shares (9% of total share capital) to Anhui Xianrui [1] - After the transfers, Anhui Xianrui will hold approximately 83.73 million shares, representing 19.95% of the total share capital, while Quanzhou Hetian's stake will decrease from 17.45% to 6.5%, and Hong Kong Gaochuang's stake will decrease from 13.61% to 4.61% [1] Group 2: Company Operations - Tianchuang Fashion stated that the equity changes will not adversely affect the company's normal production and operations, nor will it impact the company's independence [2]

Core Viewpoint - Tianchuang Fashion (603608.SH) announced a share transfer agreement involving its major shareholders, which will result in a change of control of the company [1] Group 1: Share Transfer Details - Quanzhou Hetian, the controlling shareholder, plans to transfer 45.959 million shares (approximately 10.95% of the total share capital) to Anhui Xianrui [1] - Hong Kong Gaochuang intends to transfer 37.7745 million shares (approximately 9% of the total share capital) to Anhui Xianrui [1] - After the completion of these transfers, Anhui Xianrui will hold 19.95% of the company's shares, leading to a change in the controlling shareholder from Quanzhou Hetian to Anhui Xianrui [1] Group 2: Changes in Control - The actual controller of the company will change from Li Lin to Hu Xiangen following the share transfers [1] - The company's stock, convertible bonds, and the conversion of convertible bonds will resume trading starting December 29, 2025 [1]

Core Viewpoint - Tianchuang Fashion (603608.SH) announced a share transfer agreement involving its major shareholders, indicating a significant change in control and ownership structure [1] Group 1: Share Transfer Details - Quanzhou Hetian, the controlling shareholder, plans to transfer 45.959 million shares (approximately 10.95% of the total share capital) to Anhui Xianrui [1] - Hong Kong Gaochuang intends to transfer 37.7745 million shares (approximately 9% of the total share capital) to Anhui Xianrui [1] - Following the completion of these transfers, Anhui Xianrui will hold 19.95% of the company's shares, changing the controlling shareholder from Quanzhou Hetian to Anhui Xianrui [1] Group 2: Changes in Control - The actual controller will change from Li Lin to Hu Xiangen as a result of the share transfers [1] - The company's stock, convertible bonds, and convertible bond conversion will resume trading starting December 29, 2025 [1]

每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 每经AI快讯，天创时尚（SH 603608，收盘价：8.33元）12月26日晚间发布公告称，为促进上市公司持 续健康发展，公司控股股东泉州禾天、实际控制人李林、第二大股东香港高创与安徽先睿签署了《股份 转让协议》，泉州禾天及香港高创拟向安徽先睿转让其所持有天创时尚合计约8373万股股份，约占公司 当前总股本的19.95%，本次股份转让完成后，安徽先睿将成为公司控股股东，其实际控制人胡先根先 生将成为公司实际控制人。 2024年1至12月份，天创时尚的营业收入构成为：皮革制品和制鞋业占比99.04%，其他业务占比 0.95%，软件信息技术服务业占比0.01%。 截至发稿，天创时尚市值为35亿元。 （记者 王晓波） ...

人民财讯12月26日电，天创时尚（603608）12月26日公告，公司控股股东泉州禾天、实控人李林、第二 大股东香港高创与安徽先睿投资控股有限公司(简称"安徽先睿")签署《股份转让协议》。泉州禾天拟向 安徽先睿转让4595.9万股股份(约占公司当前总股本的10.95%)，香港高创拟向安徽先睿转让3777.45万股 股份(约占公司当前总股本的9%)。股份转让完成后，安徽先睿将持有公司19.95%的股份，公司控股股 东将由泉州禾天变更为安徽先睿，实控人将由李林变更为胡先根。公司股票、可转债债券以及可转债转 股12月29日复牌。 ...

证券代码：603608 证券简称：天创时尚 公告编号：临 2025-095 债券代码：113589 债券简称：天创转债 天创时尚股份有限公司 关于 2026 年度使用部分自有资金进行委托理财 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 特别风险提示 公司及子公司（含全资子公司及控股子公司）使用部分自有资金购买安全性 高、流动性好、低风险的理财产品，总体风险可控，但委托理财事项受市场波动、 宏观经济及金融政策等变化的影响较大，投资收益具有不确定性，敬请广大投资 者注意投资风险。 1 一、投资情况概述 （一）投资目的 重要内容提示： 基本情况 | 投资金额 | 委托理财单日最高余额不超过 万元（含本数）， 45,000 | | --- | --- | | | 在上述额度内可滚动使用。 | | 投资种类 | 本次委托理财产品类型为流动性好、安全性高、风险较 | | | 低的理财产品，包括但不限于结构性存款、银行理财产品、 | | | 证券公司等金融机构发行的理财产品、国债逆回购等。 | | 资金来源 | 自有资金 | 已 ...