Group 1 - China Mobile's controlling shareholder, China Mobile Group, plans to transfer 41.98 million shares (0.19% of total shares) to China National Petroleum Corporation [1] - Strong瑞 Technology intends to invest 70 million yuan to acquire 35% equity in aluminum cooling technology company, which supplies components for NVIDIA AI servers [2] - Pingtan Development's stock price has increased over 100% in the last eight trading days, indicating significant abnormal trading behavior [3] Group 2 - Hezhong China warns of irrational speculation risk as its stock price has surged 61.23% over five consecutive trading days, significantly deviating from its fundamentals [4] - TCL Technology's participation in the restructuring plan of Suning Group has not been approved by creditors, leading to uncertainties in the restructuring process [5] - Huitian New Materials has signed a strategic cooperation agreement with Taiblue New Energy to collaborate in solid-state batteries and key materials [6] Group 3 - Han Jian He Shan has signed a procurement contract worth 207 million yuan with China Nuclear Industry Huaxing Construction, accounting for 26.29% of its audited revenue for 2024 [7] - Actual controller of Baihehua, Chen Lirong, mistakenly reduced his holdings by 160,000 shares but has since repurchased the same amount [8][9] - Yaxing Chemical is planning to acquire control of Tianyi Chemical through a combination of share issuance and cash payment, leading to a stock suspension [10] Group 4 - Shenghui Integration's shareholder, Suzhou Shengzhan, has terminated its plan to reduce holdings of up to 620,000 shares, having already reduced 565,500 shares [11] - North Bay Port reported a 22.73% year-on-year increase in cargo throughput in October [12] - Jiangling Motors experienced an 8.06% year-on-year increase in automobile sales in October [12]

Core Viewpoint - The restructuring plan of Shanshan Group has not been approved by the creditors' meeting, leading to uncertainties regarding its future [1] Group 1 - TCL Technology announced that the restructuring plan (draft) of Shanshan Group Co., Ltd. was not approved in the third creditors' meeting [1] - The management will continue to advance the restructuring work despite the lack of approval [1] - There is uncertainty about whether the restructuring plan will ultimately be approved by the creditors' meeting and the court [1] Group 2 - The restructuring investment still faces risks of termination due to failure to meet the conditions outlined in the restructuring investment agreement [1] - The completion of the restructuring remains uncertain [1]

Core Viewpoint - TCL Technology's participation in the restructuring plan of Shanshan Group has not been approved in the third creditors' meeting, leading to uncertainties regarding the plan's final approval and execution [1] Summary by Relevant Sections - **Restructuring Plan Status** - The restructuring plan draft proposed by Shanshan Group has not been approved by the creditors' meeting [1] - There is ongoing uncertainty about whether the plan will be approved by the creditors and subsequently by the court [1] - **Investment Risks** - The restructuring investment may face termination risks if the conditions outlined in the restructuring investment agreement are not met [1] - The completion of the restructuring remains uncertain [1]

证券代码：000100 证券简称：TCL 科技 公告编号：2025-096 一、本次重整投资概述 TCL 科技集团股份有限公司（以下简称"TCL 科技"或"公司"）聚焦半 导体显示、新能源光伏和半导体材料主业发展，持续关注产业链关键战略环节及 核心价值节点动态，不断提升供应链的韧性和效率，维护产业生态，实现企业可 持续的高质量发展。基于此，以及对宁波杉杉股份有限公司（600884.SH，以下 简称"杉杉股份"）长期发展潜力的认同，公司通过厦门 TCL 科技产业投资合 伙企业（有限合伙）（以下简称"TCL 厦门产投"），与江苏新扬子商贸有限 公司、江苏新扬船投资有限公司、中国东方资产管理股份有限公司深圳市分公司 组成联合投资方，参与了杉杉股份控股股东杉杉集团有限公司（以下简称"杉杉 集团"）及其全资子公司宁波朋泽贸易有限公司（以下简称"宁波朋泽"）的合 并破产重整（以下简称"本次重整投资"）。2025 年 9 月 29 日，联合投资方与 重整管理人、杉杉集团、宁波朋泽签署了《重整投资协议》。 有关本次重整投资的情况详见公司于 2025 年 10 月 1 日在指定信息披露媒体 发布的《关于参与杉杉集团有限公司重整 ...

Core Viewpoint - TCL Technology announced its participation in the restructuring investment of Shanshan Group Co., Ltd. alongside Jiangsu Xinyangzi Trading Co., Ltd., Jiangsu Xinyang Ship Investment Co., Ltd., and China Orient Asset Management Co., Ltd. Shenzhen Branch [1] Group 1 - The restructuring plan draft of Shanshan Group and Ningbo Pengze Trading Co., Ltd. was not approved on October 21, 2025, and the subsequent management will continue to advance the restructuring process [1] - The restructuring investment carries uncertainties, and the company will disclose information in a timely manner based on the progress [1]

Group 1 - The 2025 World Display Industry Innovation Development Conference opened in Chengdu, showcasing three high-end equipment for 8.6 generation large-size OLED production lines, attracting industry attention [1] - The Kediwa G8.6 OLED mass production-level multi-application inkjet film deposition platform fills the gap in domestic high-generation OLED core manufacturing equipment, achieving international leading levels in printing precision and production efficiency [1] - Shenzhen LianDe Automation Equipment Co., Ltd. launched two domestically produced devices, including the G8.6 OLED large-area bonding equipment, which effectively reduces the risk of panel processing damage [1] Group 2 - TCL Huaxing's T8 project, the world's first large-scale production line for 8.6 generation printed OLEDs, officially commenced in Guangzhou with a total investment of 29.5 billion yuan and a designed monthly capacity of 22,500 glass substrates [2] - BOE and Visionox have also initiated their respective 8.6 generation OLED projects, creating a competitive landscape in the industry [2] - Visionox is betting on its self-developed ViP technology, aiming to combine the maturity of evaporation with some advantages of printing [2] Group 3 - The total investment in 8.6 generation OLED production lines by Samsung Display, BOE, Visionox, and TCL Huaxing has approached 170 billion yuan, indicating a strong trend for other manufacturers to actively enter the market [3]

Group 1 - The 2025 World Display Industry Innovation Development Conference opened in Chengdu, showcasing three high-end equipment for the mass production line of 8.6-generation large-size OLED screens, attracting industry attention [1] - The Kediwa G8.6 OLED mass production-level multi-application inkjet film deposition platform fills the gap in domestic high-generation OLED core manufacturing equipment, achieving international leading levels in printing precision and production efficiency [1] - Shenzhen LianDe Automation Equipment Co., Ltd. launched two domestically produced devices: the G8.6 OLED large-area bonding equipment and the EHD dispensing equipment, both achieving significant technological advancements [1] Group 2 - The China Electronic Information Industry Development Research Institute released the "China New Display Industry High-Quality Development Index (2025)," indicating a shift from a point-based model to a chain-based model during the 14th Five-Year Plan period [3] - TCL Huaxing's T8 project, the world's first large-scale production line for 8.6-generation printed OLEDs, officially commenced with a total investment of 29.5 billion yuan and a designed monthly capacity of 22,500 glass substrates [3] - BOE and Visionox have also initiated their respective 8.6-generation OLED projects, creating a competitive landscape in the industry [3] Group 3 - Visionox and Hefei State-owned Assets have jointly invested 55 billion yuan in an OLED 8.6-generation line, which is rapidly progressing and aims to serve the medium and large-size market [4] - The total investment from major panel manufacturers, including Samsung Display, BOE, Visionox, and TCL Huaxing, in 8.6-generation OLED production lines is approaching 170 billion yuan, indicating a strong future interest from other manufacturers [4]

Core Viewpoint - TCL Technology is currently maintaining stable operations across its various business segments and is committed to optimizing its capital structure in response to market conditions [1] Group 1 - The company acknowledges investors' concerns regarding stock prices and operational performance [1] - TCL Technology plans to adjust its strategies as necessary based on its own circumstances and market conditions [1] - The company emphasizes its commitment to enhancing communication with investors and providing timely updates on its developments [1]

Core Viewpoint - TCL Technology, a leader in the global semiconductor display industry, has launched its first strong reasoning vertical domain model, Star Intelligence X-Intelligence 3.0, which is expected to establish significant technological barriers for intelligent display enterprises and enhance future competitive capabilities [2]. Group 1 - TCL Technology's subsidiary, TCL Huaxing, officially released the Star Intelligence X-Intelligence 3.0 model in June this year [2]. - The new model features powerful vertical reasoning capabilities, a comprehensive semiconductor display knowledge system, and efficient learning and adaptation abilities [2]. - The implementation of this model is anticipated to facilitate TCL Huaxing in achieving new growth breakthroughs and enhancing its competitive edge in the display industry [2].

Core Viewpoint - TCL Technology aims to enhance its core competitiveness and achieve value growth through performance improvement, focusing on providing long-term and stable returns to minority shareholders [2] Group 1 - The company is committed to continuous business operations and improving its core competitiveness [2] - The goal is to drive value growth through performance increases [2] - TCL Technology emphasizes its dedication to delivering long-term and stable value returns for minority shareholders [2]