Core Viewpoint - The A-share market for power equipment stocks has seen a collective surge, driven by new government guidelines aimed at promoting renewable energy consumption and regulation, with significant price increases observed in various companies [1] Group 1: Market Performance - Zhonglai Co., Ltd. reached a 20% limit up, while Haibo Technology surged over 11% [1] - Other notable performers include Tuori New Energy, GCL-Poly Energy, and Jincheng Co., Ltd., all hitting the 10% limit up [1] - Yunnan Energy Investment, Yijing Optoelectronics, and Kuaike Electronics saw increases of over 6% [1] Group 2: Government Guidelines - The National Development and Reform Commission and the National Energy Administration released guidelines to enhance renewable energy consumption and regulation [1] - By 2030, a multi-level renewable energy consumption regulation system is expected to be established, ensuring smooth grid connection and efficient operation of renewable energy [1] - The guidelines aim to meet an annual demand for 200 million kilowatts of new renewable energy consumption, supporting carbon peak goals [1] - By 2035, a new power system compatible with high proportions of renewable energy is anticipated to be in place [1]

Group 1 - The "Ma" concept stocks experienced significant movement, with Shennma Co., Ltd. hitting the daily limit up, indicating strong investor interest [1] - Yema Battery saw an increase of over 8%, reflecting positive market sentiment towards companies associated with the "Ma" concept [1] - Other companies such as Fulongma, Wanlima, Feima International, and Weima Agricultural Machinery also showed upward trends, suggesting a broader rally in this sector [1]

Group 1 - The "Ma" concept stocks have experienced significant movements, with Shennma Co., Ltd. hitting the daily limit up [1] - Yema Battery has seen an increase of over 8% [1] - Other companies such as Fulongma, Wanlima, Feima International, and Weima Agricultural Machinery have also reported gains [1]

浙江野马电池股份有限公司 2025 年第二次临时股东会会议资料 证券代码：605378 证券简称：野马电池 浙江野马电池股份有限公司 2025 年第二次临时股东会 会议资料 2025 年 11 月 17 日 1 / 7 浙江野马电池股份有限公司 2025 年第二次临时股东会会议资料 目 录 | 2025 | 年第二次临时股东会会议须知 | | 3 | | --- | --- | --- | --- | | 2025 | 年第二次临时股东会会议议程 | | 5 | | 2025 | 年第二次临时股东会会议议案 | | 7 | | | 议案一：《关于选举独立董事的议案》 | | 7 | 2 / 7 浙江野马电池股份有限公司 2025 年第二次临时股东会会议资料 浙江野马电池股份有限公司 2025 年第二次临时股东会会议须知 为维护广大投资者的合法权益，保障股东在本次股东会期间依法行使权利， 浙江野马电池股份有限公司（以下简称"公司"）根据《公司法》、《上市公司 股东会规则》和《浙江野马电池股份有限公司股东会议事规则》等有关规定，特 制定本会议须知，请参会人员认真阅读。 一、公司负责本次股东会的议程安排和会务工作， ...

Core Viewpoint - The announcement details a change in shareholder equity for Zhejiang Yema Battery Co., Ltd., indicating that certain shareholders have reduced their holdings, resulting in a decrease in the controlling shareholder's stake by over 1% [2][3]. Group 1: Shareholder Information - The shareholders involved in the equity change include Chen Yijun, Yu Gufeng, and Chen Kejun, who are reducing their stakes through both centralized bidding and block trading on the Shanghai Stock Exchange [2][3]. - The total number of shares to be reduced by these shareholders is up to 7,820,000 shares, which represents a maximum of 3% of the company's total shares [2]. Group 2: Equity Change Details - From October 10 to October 31, 2025, Chen Yijun sold a total of 578,300 shares, Yu Gufeng sold 1,879,000 shares, and Chen Kejun sold 620,300 shares, leading to a total reduction of 3,077,600 shares [3]. - Following these transactions, the controlling shareholder's stake decreased from 74.9963% to 73.8187%, marking a significant equity change [3]. Group 3: Regulatory Compliance - The actual controlling shareholder's equity change does not trigger a mandatory tender offer and will not alter the status of the controlling shareholder [3]. - The company confirms adherence to relevant laws and regulations regarding shareholder equity changes and will fulfill its information disclosure obligations accordingly [5].

证券代码：605378 证券简称：野马电池 公告编号：2025-041 浙江野马电池股份有限公司 关于股东权益变动触及 1%刻度的提示性公告 投资者及其一致行动人余元康、陈恩乐、陈一军、余谷峰、陈科军、余谷涌保证 向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少 | | --- | --- | --- | | 权益变动前合计比例 | 74.9963% | | | 权益变动后合计比例 | 73.8187% | | | 本次变动是否违反已作出的承 | 是□ 否 | | | 诺、意向、计划 | | | | 是否触发强制要约收购义务 | 是□ 否 | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） ...

Core Viewpoint - The announcement from Yema Battery indicates that three shareholders, Chen Yijun, Yu Gufeng, and Chen Kejun, will reduce their holdings in the company, resulting in a decrease in the actual controller's shareholding ratio from 74.9963% to 73.8187% [1] Shareholder Reduction - Chen Yijun reduced his holdings by 578,300 shares [1] - Yu Gufeng reduced his holdings by 1,879,000 shares [1] - Chen Kejun reduced his holdings by 620,300 shares [1] - The total reduction in shares by the three shareholders amounts to 3,077,600 shares [1] Control and Reporting - The change in equity does not trigger a mandatory tender offer [1] - There will be no change in the controlling shareholder or actual controller [1] - The equity change does not require the disclosure of an equity change report [1]

Core Insights - On October 31, Yema Battery executed a block trade of 658,000 shares, amounting to 14.9561 million yuan, which represented 2.63% of the total trading volume for the day [1] - The transaction price was 22.73 yuan, reflecting a discount of 14.61% compared to the market closing price of 26.62 yuan [1] Summary by Category Trading Activity - The block trade involved 658,000 shares of Yema Battery, with a total transaction value of 14.9561 million yuan [1] - The trade accounted for 2.63% of the total trading volume on that day [1] Pricing Information - The executed price for the shares was 22.73 yuan, which is a 14.61% discount from the market closing price of 26.62 yuan [1]

Core Viewpoint - The company, Zhejiang Mustang Battery Co., Ltd., is preparing for its second extraordinary general meeting of shareholders in 2025, scheduled for November 17, 2025, to discuss various important matters including the nomination of independent directors and adjustments to the board's specialized committees [10][49]. Financial Data - The financial statements for the third quarter of 2025 have not been audited, and the company assures the accuracy and completeness of the financial information presented [3][7]. - The report indicates that there were no significant changes in the financial indicators or accounting data during the reporting period [5]. Shareholder Information - The total number of shareholders and the situation of the top ten shareholders are to be disclosed, ensuring transparency in ownership [5]. - The company will utilize a combination of on-site and online voting for the upcoming shareholder meeting, with specific time slots for voting [10][12]. Board of Directors and Committees - The board has approved the nomination of Chen Jianfeng as an independent director, pending shareholder approval at the upcoming meeting [35][49]. - Adjustments to the specialized committees of the board have been made, including the appointment of Chen Jianfeng as the chairman of the audit committee [24][28]. Meeting Logistics - The extraordinary general meeting will take place at the company's headquarters in Ningbo, Zhejiang Province, with specific registration and voting procedures outlined for shareholders [10][15][17]. - Shareholders must register by November 14, 2025, to participate in the meeting, either in person or through a proxy [16][18].

Core Viewpoint - Yema Battery (605378.SH) reported its Q3 2025 results, indicating a slight increase in institutional ownership and the presence of new public funds and foreign investors [1] Institutional Ownership - As of October 30, 2025, there is one institutional investor holding shares in Yema Battery, with a total of 510,800 shares, representing 0.20% of the total share capital [1] - The institutional ownership increased by 0.20 percentage points compared to the previous quarter [1] Public Funds - In this reporting period, seven public funds were disclosed, including Southern CSI 2000 ETF, E Fund CSI 2000 ETF, Ping An CSI 2000 Enhanced Strategy ETF, Dongxing Chentai Quantitative Stock Selection Mixed Fund A, and Fortune CSI 2000 ETF [1] Foreign Investment - One new foreign institutional investor was disclosed in this quarter, namely CITIC Securities Asset Management (Hong Kong) Limited - Client Funds [1]