Core Viewpoint - The announcement details a share reduction plan by a major shareholder of Tuojing Technology Co., Ltd., specifically the National Integrated Circuit Industry Investment Fund, which holds 19.57% of the company's shares and plans to reduce its holdings by up to 3% through block trading within three months after the announcement [2][3]. Shareholder Information - As of the announcement date, the National Integrated Circuit Industry Investment Fund holds 55,026,693 shares of Tuojing Technology, representing 19.57% of the total share capital, all of which are unrestricted circulating shares [2]. Reduction Plan Details - The National Integrated Circuit Fund plans to reduce its holdings by no more than 8,434,917 shares, which is up to 3% of the total share capital, within three months after the announcement, starting 15 trading days post-announcement [3]. - The actual start of the reduction may be postponed if the company's stock is suspended during the pre-disclosure period [6]. Compliance and Commitments - The shareholder has committed to adhere to the lock-up period and relevant regulations, ensuring that any reduction will comply with the commitments made during the initial public offering [7][12]. - The reduction will be conducted in accordance with market conditions and will not violate any prior commitments made by the shareholder [13]. Regulatory Compliance - The shareholder will comply with all relevant laws and regulations regarding share reduction, including the Securities Law of the People's Republic of China and the rules of the Shanghai Stock Exchange [16].

Shareholding Changes - Changshu Bank's executives plan to collectively increase their holdings by no less than 550,000 shares [1] - TuoJing Technology's major shareholder, the National Integrated Circuit Fund, intends to reduce its stake by up to 843,490 shares, representing no more than 3% of the total share capital [2] - LongXun Co., Ltd. announces that two shareholders plan to reduce their holdings by a combined maximum of 2.63% [3] - HuaYa Intelligent's shareholders plan to reduce their holdings by no more than 399,210 shares, accounting for 2.98% of the total share capital [4] Mergers and Acquisitions - Dongfang Yuhong's wholly-owned subsidiary plans to invest approximately 1.08 billion Brazilian Reais (about 144 million RMB) to acquire 60% of Brazil's Novakem, a leading supplier of cement additives and concrete admixtures [5] - Junting Hotel has signed an agreement to acquire the remaining 21% stake in Junlan Management for 79.8 million RMB, resulting in full ownership [6] - HuDian Co., Ltd. intends to purchase 15% of Shengwei Strategy for 1,909,100 Euros, increasing its ownership from 84% to 99% [7] Risk Matters - Wenfeng Co., Ltd. reports that its Deputy General Manager, Qin Guofen, is under investigation and has been placed under detention, although this matter is personal and will not significantly impact the company's operations [8]

Core Insights - On November 20, several companies disclosed their share repurchase and reduction plans, indicating varying levels of confidence in their stock performance [1] Group 1: Share Repurchase Plans - Eddie Precision plans to repurchase A-shares worth between 100 million to 200 million yuan [2] - Aviation Materials plans to repurchase shares worth between 50 million to 100 million yuan [2] - Changshu Bank's executives plan to increase their holdings by no less than 550,000 shares [2] Group 2: Share Reduction Plans - New Hongze's major shareholder reduced their holdings during a period of abnormal stock fluctuations [2] - General Electric's Singapore company plans to reduce its holdings by no more than 3% in China Xidian [2] - Senior management of Lifespring Pharmaceutical plans to reduce their holdings by no more than 0.0044% [2] - Shareholder Zhoushan Ruihao of Wan Feng plans to reduce holdings by no more than 1.75% [2] - Shareholders of Dongxin plan to collectively reduce holdings by no more than 0.71% [2] - Haigang Group, a shareholder of Hainan Mining, plans to reduce holdings by no more than 0.75% [2] - Actual controller Zhang Guifeng of Fulongma reduced 3.7812 million shares from November 19 to November 20 [2] - Shareholder Dongguan Kechuang Investment Group of Shengyi Electronics plans to reduce holdings by no more than 1% [2] - Shareholder Qinyi Partnership of Yayi Technology plans to reduce holdings by no more than 0.25% [2] - Controlling shareholder Yuansi Industrial of New City plans to reduce holdings by no more than 3% [2] - Controlling shareholder of Kaishan plans to reduce holdings by no more than 1% [2] - The largest shareholder of Tuo Jing Technology, the National Fund, plans to reduce holdings by no more than 3% [2] - Controlling shareholder Li Zheng of Wajinjiao plans to reduce holdings by no more than 3% [2] - Shareholder Shanxi Huaxin Hai of Baose plans to reduce holdings by no more than 1% [2] - Shareholders of Huaya Intelligent plan to collectively reduce holdings by 399.21 million shares, accounting for 2.98% of total share capital [2] - Directors and executives of Changxin Bochuang plan to collectively reduce holdings by no more than 0.05% [2] - Shareholders of Longxun plan to collectively reduce holdings by no more than 2.63% [2] - Some directors and executives of Fulede plan to collectively reduce holdings by no more than 0.0104% [2]

Group 1: Pharmaceutical Developments - Fosun Pharma's subsidiary has received breakthrough therapy designation for its PD-1 monoclonal antibody, Surulintinib, for gastric cancer treatment, marking a significant milestone as no other PD-1 targeted monoclonal antibody has been approved for this indication globally [1] - Surulintinib is already approved in China, the EU, and the UK for various cancers, including non-small cell lung cancer and esophageal squamous cell carcinoma [1] Group 2: Supply Agreements - EVE Energy has signed a procurement framework agreement with Simor International for battery cell supplies from 2026 to 2028, although the agreement does not specify financial amounts [1] - The actual financial impact will depend on future orders and will not significantly affect the company's performance in 2025 [1] Group 3: Corporate Actions - Huarong Chemical has not yet introduced clients in the photolithography or photolithography machine sectors, focusing instead on potassium hydroxide and chlorine products for semiconductor and photovoltaic applications [2] - Xunji Technology plans to transfer certain PCB manufacturing assets to its wholly-owned subsidiary and will inject 49.9 million yuan into the subsidiary to support its operations [3] - TuoJing Technology's major shareholder plans to reduce its stake by up to 3% through block trading, with a reduction period set from December 2025 to March 2026 [4] Group 4: Market Activities - Moer Thread has announced a public offering of 70 million shares at a price of 114.28 yuan per share, aiming to raise approximately 8 billion yuan, with a net amount expected to be around 7.576 billion yuan after expenses [5] - Hefu China has experienced a significant stock price increase, with a cumulative rise of 291.92% over a short period, leading to potential market volatility and a possible request for trading suspension [6]

（编辑 姚尧） 证券日报网讯 11月20日晚间，拓荆科技发布公告称，截至本公告披露日，拓荆科技股份有限公司（以 下简称"公司"）股东国家集成电路产业投资基金股份有限公司（以下简称"国家集成电路基金"）持有公 司股份55，026，693股，占公司总股本的19.57%。公司股东国家集成电路基金基于自身经营管理需 要，计划自本公告披露之日起15个交易日后的3个月内，在符合法律法规规定的减持前提下，拟通过大 宗交易方式减持公司股份数量不超过8，434，917股（含本数），即不超过公司总股本的3%。 ...

Group 1 - Moer Thread announced an issuance price of 114.28 CNY per share, with a total of 70 million shares to be publicly issued, aiming to raise 8 billion CNY, netting approximately 7.576 billion CNY after expenses [1] - EVE Energy signed a procurement framework agreement with Simo International for battery cells from 2026 to 2028, with the agreement effective until December 31, 2028, but does not specify a concrete amount [1] - Tuojing Technology's major shareholder, the National Integrated Circuit Industry Investment Fund, plans to reduce its stake by up to 3% through block trading from December 12, 2025, to March 11, 2026 [1] Group 2 - Shengyi Electronics announced that its shareholder, Dongguan Science and Technology Innovation Investment Group, plans to reduce its stake by up to 1% from December 12, 2025, to March 11, 2026, due to funding needs [2] - Deep Technology reported that it is a leading domestic high-end storage chip packaging and testing company, currently operating at full capacity in Shenzhen and Hefei, and is expanding based on customer demand [2] - Wengfeng Co. announced that its deputy general manager, Qin Guofen, is under investigation, but this matter is personal and will not significantly impact the company's operations [2] Group 3 - Fosun Pharma's subsidiary, Shanghai Fuhong Hanlin Biotechnology, has had its drug, Surulitinib, included in the breakthrough therapy designation for gastric cancer, with no other PD-1 monoclonal antibody approved for this indication globally [3] - Daye Co. is responding to the EU's anti-dumping investigation on Chinese lawnmowers, adjusting its overseas production structure and integrating resources to mitigate impacts [4]

格隆汇11月20日丨拓荆科技(688072.SH)公布，公司股东国家集成电路基金基于自身经营管理需要，计 划自本公告披露之日起15个交易日后的3个月内，在符合法律法规规定的减持前提下，拟通过大宗交易 方式减持公司股份数量不超过843.49万股（含本数），即不超过公司总股本的3%。 ...

每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 （记者 王晓波） 每经AI快讯，拓荆科技（SH 688072，收盘价：307.85元）11月20日晚间发布公告称，截至本公告披露 日，拓荆科技股份有限公司股东国家集成电路产业投资基金股份有限公司持有公司股份约5503万股，占 公司总股本的19.57%，其所持股份全部为公司首次公开发行前股份，均为无限售流通股。公司股东国 家集成电路基金基于自身经营管理需要，计划自本公告披露之日起15个交易日后的3个月内，在符合法 律法规规定的减持前提下，拟通过大宗交易方式减持公司股份数量不超过约843.5万股，即不超过公司 总股本的3%。 截至发稿，拓荆科技市值为866亿元。 ...

智通财经APP讯， 拓荆科技(688072.SH)发布公告，公司股东国家集成电路基金基于自身经营管理需 要，计划自本公告披露之日起15个交易日后的3个月内，在符合法律法规规定的减持前提下，拟通过大 宗交易方式减持公司股份数量不超过843.49万股(含本数)，即不超过公司总股本的3%。 ...

证券代码：688072 证券简称：拓荆科技 公告编号：2025-071 拓荆科技股份有限公司 股东大宗交易减持股份计划公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 股东的基本情况 截至本公告披露日，拓荆科技股份有限公司（以下简称"公司"）股东国家 集成电路产业投资基金股份有限公司（以下简称"国家集成电路基金"）持有公 司股份 55,026,693 股，占公司总股本的 19.57 %，其所持股份全部为公司首次公 开发行前股份，均为无限售流通股。 减持计划的主要内容 公司股东国家集成电路基金基于自身经营管理需要，计划自本公告披露之日 起 15 个交易日后的 3 个月内，在符合法律法规规定的减持前提下，拟通过大宗 交易方式减持公司股份数量不超过 8,434,917 股（含本数），即不超过公司总股本 的 3%。 一、减持主体的基本情况 | 股东名称 | 国家集成电路产业投资基金股份有限公司 | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 □是 | ...