Investment Overview - The company plans to invest 300 million RMB in its wholly-owned subsidiary, ACT TECHNOLOGY SG PTE. LTD. (referred to as "Decoli Singapore") to enhance overseas R&D, market system construction, and production capacity expansion [2][4] - This investment does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [6][5] Company Structure and Financials - Decoli Singapore was established on May 27, 2024, with a registered capital of 3 million USD and a total investment of 8 million USD [3][8] - The company is fully owned by Wuxi Decoli Optoelectronic Technology Co., Ltd., which holds 100% of the shares [9] Strategic Impact - The investment is aligned with the company's long-term strategy and market outlook, aimed at strengthening its international R&D capabilities and enhancing its competitive position in the global market [10] - The funding will come from the company's own or self-raised funds, ensuring that it will not significantly impact the company's financial status or normal operations [10] Decision-Making Process - The investment proposal was approved unanimously by the company's board of directors during the 17th meeting of the second board session held on November 11, 2025 [5][20] - The decision does not require shareholder approval as it falls within the board's authority [21] Future Plans - The company is also planning to issue S-shares and list on the Singapore Exchange to enhance its overseas financing capabilities and expand its international capital platform [13][18] - The specific details of the S-share issuance are still under discussion with relevant intermediaries [18]

Core Viewpoint - The recent trend of Chinese companies considering secondary listings in Singapore is gaining momentum, with Dekoli (688205) announcing plans for an S-share listing on the Singapore Exchange to enhance its global strategy and overseas market presence [2][3]. Group 1: Company Strategy - Dekoli aims to strengthen its overseas financing capabilities and expand its international capital platform through the S-share listing, which is expected to enhance its capital strength, global brand influence, and overall competitiveness [2][3]. - The decision to pursue a secondary listing in Singapore reflects Dekoli's business development needs and highlights the unique advantages of the Singapore Exchange in attracting Chinese tech companies [3][6]. Group 2: Financial Performance - Despite facing short-term pressure on profitability, with a reported revenue of 650 million yuan (approximately 65 million) for the first three quarters of 2025, representing an 8.6% year-on-year increase, Dekoli's net profit attributable to shareholders dropped by 47.4% to 40 million yuan (approximately 4 million) [3][4]. - The company's gross margin for the third quarter of 2025 was 27.4%, down 5.5 percentage points year-on-year, indicating challenges in maintaining profitability [3][4]. Group 3: Business Highlights - Dekoli's DCI business is experiencing accelerated growth, capitalizing on the increasing demand for distributed computing architectures as large model parameters rise [4]. - The company has made significant advancements in its OCS optical switch technology, with prototypes achieving microsecond and nanosecond switching speeds, and has secured orders worth millions for 2024 [4]. - The establishment of a production base in Thailand is expected to commence operations in the fourth quarter of 2025, enhancing Dekoli's global delivery capabilities [4]. Group 4: Market Trends - The trend of Chinese companies opting for secondary listings in Singapore is on the rise, with several firms, including Kangzhe Pharmaceutical and Hainan Huatie, also pursuing S-share listings to support their international strategies [6][7]. - The Singapore Exchange has become increasingly attractive for Chinese companies, with around 100 listed firms focusing on sectors such as healthcare, new energy, and technology, all of which align with the market's valuation preferences [7][8].

分组1 - Midea Group announced a cash dividend distribution plan for the 2025 mid-term A-shares, distributing 5 yuan per 10 shares, totaling 3.448 billion yuan [1] - Huayuan Communication is planning a change in control and will suspend trading of its stock starting November 12, 2025, for up to two trading days [2] - Shangwei New Materials reported a significant stock price increase of 1573.52% from July 9 to November 11, 2025, but its new intelligent robot business is still in the development stage and has not generated revenue [3] 分组2 - Shannon Chip announced that shareholder Shenzhen Xinlianpu pledged 1.27 million shares, accounting for 5.55% of its holdings and 0.27% of the total share capital [4] - Tianji Co., Ltd. reported that its controlling shareholder pledged 39.965 million shares for its own production and operation, representing 64.79% of its holdings and 7.97% of the total share capital [5] - ST Zhengping completed its stock trading situation review and will resume trading on November 12, 2025, with no significant changes in its production and operation [6] 分组3 - Furi Co. reported that its subsidiary Furi New Energy is facing risks of losses despite a 47.78% year-on-year increase in revenue to 168.3981 million yuan for the first three quarters of 2025 [7] - Wentai Technology announced that major shareholders reduced their holdings by 12.4443 million shares, completing the reduction plan [8] 分组4 - Anke Biotech signed a framework agreement for exclusive agency of PA3-17 injection, a CAR-T cell therapy product, in Greater China [9] - Tongxing Technology plans to invest approximately 3.2 billion yuan in a project to produce 100,000 tons of sodium-ion battery cathode materials and 6 GWh of battery cells [10] - Redik plans to establish a joint venture for the development of robotic components, with a registered capital of 100 million yuan [11] 分组5 - Haike New Source signed a strategic cooperation agreement with Kunlun New Materials for the purchase of 596,200 tons of electrolyte solvent over three years [12] - World announced that its diamond micro-drill products for PCB processing are still in the R&D phase and have not generated revenue [13] 分组6 - Xiamen Airport reported a 1.56% year-on-year increase in passenger throughput for October [14] - New City Holdings reported a 7.65% year-on-year increase in total commercial operating revenue for October [15] - Huadong Holdings announced a 0.65% year-on-year decrease in pig sales revenue for October [15] 分组7 - Keykai Technology's controlling shareholder plans to transfer 3% of its shares [15] - Zhongyou Engineering won a joint bid for a project worth approximately 3 billion yuan in Kazakhstan [15] - Weiteng Electric plans to raise no more than 300 million yuan through a private placement for smart manufacturing projects [15]

分组1 - Midea Group announced a cash dividend distribution plan for the 2025 interim A-shares, proposing a payout of 5 yuan for every 10 shares, totaling 3.448 billion yuan [2] - Huayuan Communication is planning a change in control and will suspend trading of its stock starting November 12, 2025, for up to two trading days [3] - Shangwei New Materials reported a significant stock price increase of 1573.52% from July 9 to November 11, 2025, but its new intelligent robot business is still in the product development stage and has not yet generated revenue [4] 分组2 - Shannon Chip announced that shareholder Shenzhen Xinlianpu has pledged 1.27 million shares, accounting for 5.55% of its holdings and 0.27% of the total share capital, for financing purposes [5] - Tianji Co., Ltd. disclosed that its controlling shareholder has pledged 39.965 million shares for its own production and operation, representing 64.79% of its holdings and 7.97% of the total share capital [6] - ST Zhengping completed its stock trading situation review and will resume trading on November 12, 2025, with no significant changes in its production and operation [7] 分组3 - Furi Co., Ltd. reported that its subsidiary Furi New Energy is facing a risk of losses despite a 47.78% year-on-year increase in revenue to 168.3981 million yuan for the first three quarters of 2025 [8] - Wentai Technology announced that major shareholders have reduced their holdings by 12.4443 million shares, completing the reduction plan [9] - Anke Biotech signed a framework agreement for exclusive agency of the PA3-17 injection product in Greater China, which is a CAR-T cell therapy for certain cancers [10] 分组4 - Tongxing Technology plans to invest approximately 3.2 billion yuan in a project to produce 100,000 tons of sodium-ion battery cathode materials and 6GWh battery cells [11] - Redick is collaborating with Aoyi Technology to establish a joint venture for the development of robotic components, with a registered capital of 100 million yuan [12] - Haike New Source signed a strategic cooperation agreement with Kunlun New Materials for the purchase of 596,200 tons of electrolyte solvent over a two-year period [13] 分组5 - World announced that its diamond micro-drills for PCB processing are still in the research and testing phase, with limited revenue impact [14][15] - Huadong Holdings reported a 0.65% year-on-year decline in pig sales revenue for October [16] - Keykai Technology's controlling shareholder plans to transfer 3% of its shares through an inquiry [17]

Key Points - *ST Zhengping's stock will resume trading on November 12, 2025, after a significant increase of 152.42% from September 1 to October 28, 2025, with 21 days of trading halts and 5 instances of abnormal trading fluctuations [3] - Dongfang Zhizao plans to acquire 70% of Nantong Saifu Machinery Equipment Co., Ltd. for 27.4887 million yuan, making it a subsidiary [4] - Zhifei Biology received approval for clinical trials of a combined vaccine for adolescents and adults to prevent diphtheria, tetanus, and whooping cough [5] - CITIC Securities has been approved by the CSRC to issue up to 50 billion yuan in short-term corporate bonds [6] - Bangji Technology intends to terminate a major asset restructuring involving the acquisition of several companies, stating that current operations will not be adversely affected [7] - Dekeli is planning to issue S-shares and list on the Singapore Exchange as part of its global strategy [8] - Emei Mountain A announced that Leshan State Investment will transfer 90% of its stake in Emei Mountain Leshan Buddha Tourism Group to another state-owned entity without compensation, maintaining the current control structure [9] Performance Summary - Xincheng Development reported a contract sales amount of approximately 1.419 billion yuan in October 2025, with cumulative sales of about 16.468 billion yuan from January to October [11] - Huadong Holdings sold 242,500 pigs in October 2025, with a 19.85% month-on-month increase and a 20.80% year-on-year increase [13] - Xiamen Airport's passenger throughput in October was 2.5548 million, a year-on-year increase of 1.56% [14] Shareholding Changes - Huaguang Huaneng executives plan to reduce their holdings, with the chairman and several executives intending to sell up to 171,200 shares each [16] - Hot景 Biology announced a share buyback plan of 100 million to 200 million yuan for employee stock ownership or incentives [17] - Aladdin's controlling shareholder's stake decreased from 46.27% to 44.76% due to the dissolution of a partnership [18] - JianKai Technology's controlling shareholder plans to transfer 3% of the company's shares [19] - Yuyuan Holdings intends to repurchase shares worth 200 million to 300 million yuan at a price not exceeding 8.6 yuan per share [20] Major Contracts - China Oil Engineering's subsidiary won a project in Kazakhstan worth approximately 3.003 billion yuan for the construction of ethane and propane pipelines [22] - Dash Intelligent signed a contract for an intelligent display technology park project worth 12.7652 million yuan, which will positively impact its market share in the enterprise park sector [24]

Group 1 - The company, Dekoli, announced the establishment of a wholly-owned subsidiary in Singapore, named ACTTECHNOLOGYSGPTE.LTD., with a registered capital of 3 million USD and a total investment of 8 million USD [2] - The decision to set up the subsidiary was made during a general manager meeting on May 16, 2024, aimed at enhancing the company's overseas R&D, market system construction, and production capacity expansion [2] - On November 11, 2025, the company's board approved an additional investment of 300 million RMB into the Singapore subsidiary to further support its international operations [2]

Group 1 - The core point of the article is the resignation of the chairman of Dekoli, Mr. Gui Sang, who is stepping down to facilitate the company's leadership transition and international development [2] - Mr. Gui Sang will continue to serve as a director and a member of relevant committees after his resignation [2] - The company has elected Mr. Qu Jianping, the current director and general manager, as the new chairman, effective immediately following the board's approval [2]

公司11月11日召开董事会会议，同意选举公司董事、总经理渠建平为公司第二届董事会董事长。渠建平 年富力强，他长期统筹公司海外业务，并成功主导了泰国生产基地等重大项目的建设与落地。 人民财讯11月11日电，德科立(688205)11月11日公告，董事长桂桑基于公司未来国际化发展的领导力需 求，并结合个人年龄与健康规划，主动向董事会提出辞任董事长职务，以推动公司管理梯队的年轻化与 高效平稳过渡。辞任后，桂桑将继续担任公司董事和董事会相关专门委员会委员。 ...

Group 1 - The core point of the article is that Dekoli (SH 688205) held its 17th meeting of the second board of directors on November 11, 2025, to discuss the election of the chairman of the board [1] - For the year 2024, Dekoli's revenue composition is as follows: 98.34% from the manufacturing of computers, communications, and other electronic devices, and 1.66% from other businesses [1] - As of the report, Dekoli's market capitalization is 14.4 billion yuan [1] Group 2 - The chairman of Beijing University Pharmaceutical, Xu Xiren, was arrested, and prior to this, police had investigated the group's factory [1] - Internal sources indicate that the group's assets were disposed of by Xu, with a significant amount of funds unaccounted for [1]

无锡市德科立光电子技术股份有限公司 境外发行证券及上市相关的保密和档案管理制度 第一条 为保障国家经济安全，保护社会公共利益及无锡市德科立光电子 技术股份有限公司（以下简称"公司"）的利益，维护公司在中华人民共和国 （以下简称"中国"）境外发行证券及上市过程中的信息安全，规范公司及各 证券服务机构在公司境外发行证券及上市过程中的档案管理，根据《中华人民 共和国证券法》《中华人民共和国保守国家秘密法》《中华人民共和国档案法》 《中华人民共和国国家安全法》《境内企业境外发行证券和上市管理试行办法》 《关于加强境内企业境外发行证券和上市相关保密和档案管理工作的规定》等有 关法律、行政法规、部门规章、规范性文件及《无锡市德科立光电子技术股份 有限公司章程》（以下简称"《公司章程》"）的规定，结合公司情况，制定 本制度。 第二条 本制度所称"境外发行证券及上市"，是指公司在中国大陆地区以 外的国家或地区发行证券及上市。本制度适用于公司境外发行证券及上市的全过 程，包括申请阶段、审核阶段及上市阶段。 第三条 本制度适用于公司（包括公司及其子公司、分公司，下同）以及 公司为境外发行证券及上市所聘请的各证券服务机构（包括但不 ...