Group 1 - The top 50 Chinese technology and internet companies by market capitalization as of July 21, 2025, are listed, with TSMC leading at $124.684 billion [3][4]. - Tencent Holdings ranks second with a market cap of $60.3704 billion, followed by Alibaba at $28.679 billion [3][4]. - Xiaomi Group and Pinduoduo hold the fourth and fifth positions, with market caps of $18.9457 billion and $15.4741 billion, respectively [3][4]. Group 2 - Meituan and NetEase are ranked sixth and seventh, with market caps of $10.3371 billion and $8.6191 billion [4]. - JD.com, SMIC, and Kuaishou follow, with market caps of $4.8896 billion, $4.8429 billion, and $3.948 billion, respectively [4][5]. - Li Auto and Tencent Music are also in the top 15, with market caps of $3.404 billion and $3.3193 billion [5]. Group 3 - Baidu, Beike, and Tonghuashun are ranked 13th, 14th, and 15th, with market caps of $3.0187 billion, $2.2374 billion, and $2.0827 billion, respectively [5][6]. - The list includes various companies from different sectors, indicating a diverse representation within the technology and internet industry [6]. - The market capitalization figures are calculated based on the current exchange rate of USD to HKD [6].

Core Viewpoint - The company held its second extraordinary general meeting of shareholders in 2025, where the ninth board of directors was elected and key management personnel were appointed, ensuring compliance with legal and regulatory requirements [2][3]. Group 1: Board Elections and Appointments - Zhang Weiyang was elected as the chairman of the board for a term of three years, with unanimous support from all 11 attending directors [2]. - Li Feng was elected as the vice chairman of the board for a term of three years, also receiving unanimous support [2]. - The ninth board of directors established various specialized committees, with specific leaders appointed for each committee [2]. - Ying Huajiang was appointed as the general manager for a term of three years, with unanimous approval [2]. - Several individuals were appointed as vice general managers, including Chi Junping, Yuan Lifeng, Li Meng, Dong Jia, Li Xiaoshen, and Niu Zhiyuan, all for a term of three years [2]. Group 2: Governance and Compliance - The company revised certain governance systems to align with the latest legal and regulatory requirements, enhancing operational mechanisms and governance standards [2]. - The board of directors unanimously approved the revisions to governance systems, ensuring compliance with the latest regulations [2]. Group 3: Management Profiles - Ying Huajiang, the new general manager, has extensive experience in various managerial roles and holds significant positions in other companies [4][5]. - Cao Jinxia, appointed as the chief accountant, has a background in finance and has held various positions in related companies [6]. - Other appointed vice general managers, including Chi Junping and Yuan Lifeng, also have substantial experience in their respective fields [7][8][9].

Meeting Overview - The second extraordinary general meeting of shareholders was held on July 18, 2025, with both on-site and online voting options available [1][2] - The meeting was convened by the company's board of directors and presided over by Chairman Zhang Weiyang [1] Attendance - A total of 5 shareholders attended the meeting in person, representing 585,742,173 shares, which is 36.6406% of the total voting shares [2] - Additionally, 2,785 shareholders participated via online voting, representing 15,152,010 shares, or 0.9478% of the total voting shares [2] Resolutions and Voting Results - The following resolutions were passed during the meeting: - **Amendment to the Articles of Association and Cancellation of the Supervisory Board**: Approved with 594,124,867 shares in favor, accounting for 98.8735% of the votes [3] - **Amendment to the Rules of Procedure for Shareholders' Meetings**: Approved with 600,306,483 shares in favor, accounting for 99.9022% of the votes [3] - **Amendment to the Rules of Procedure for Board Meetings**: Approved with 600,315,883 shares in favor, accounting for 99.9038% of the votes [4] Election of Board Members - The election of the ninth board of directors included: - Non-independent directors: Elected with support ranging from 98.6601% to 98.6724% of the votes [4][5] - Independent directors: Elected with support ranging from 98.6620% to 98.6783% of the votes [5] Legal Opinion - The legal opinion provided by the law firm confirmed that the meeting's convening and voting procedures complied with relevant laws and regulations [5]

Board Restructuring - The company held its second extraordinary general meeting on July 18, 2025, where the board restructuring was approved [1] - The ninth board consists of 11 directors, including 7 non-independent directors and 4 independent directors [1][2] - The independent directors' qualifications and independence have been verified by the Shenzhen Stock Exchange [1] Board Committees - The board has established several specialized committees, including the Audit Committee, Strategy Committee, Nomination Committee, and Compensation and Assessment Committee, with designated chairs [2] - The term for the specialized committee members aligns with the term of the ninth board [2] Senior Management Appointments - The company appointed Ying Huajiang as the General Manager and several individuals as Deputy General Managers [3] - The Chief Financial Officer is Cao Jinxia, and the Board Secretary is Li Pengtao, all of whom meet the necessary qualifications [3] Securities Affairs Representative - Li Jiao has been appointed as the Securities Affairs Representative to assist the Board Secretary [4] - Li Jiao's qualifications have been confirmed, and her term aligns with the current board's term [4][5] Departing Directors - Independent director Yang Jun and director Tong Qingming have completed their terms and will not continue in their roles [5][6] - The company expressed gratitude for their contributions during their tenure [6]

Core Viewpoint - The company has established a comprehensive system for managing the shares held by its directors and senior management, ensuring compliance with relevant laws and regulations regarding shareholding and trading activities [1][2][3]. Information Declaration - The company secretary is responsible for managing the identity and shareholding data of directors and senior management, ensuring timely reporting to the Shenzhen Stock Exchange (SZSE) [2][3]. - Directors and senior management must report their personal and immediate family members' identity information to the company within specified timeframes after any changes [2][3]. Shareholding Management - Directors and senior management must notify the company secretary of their trading plans in writing before buying or selling shares, and the secretary must verify compliance with disclosure and legal requirements [4][5]. - There are restrictions on the transfer of shares held by directors and senior management, including a limit of 25% of their total shareholding during their term and six months after [5][6]. Prohibited Trading Regulations - Directors and senior management are prohibited from selling shares under certain conditions, such as within six months of leaving the company or during investigations related to securities violations [6][7]. - Specific trading windows are established, prohibiting trading before the announcement of financial reports and during significant corporate events [7][8]. Information Disclosure Requirements - Directors and senior management must report their share reduction plans to the SZSE 15 trading days before the first sale, including details such as the number of shares and reasons for the reduction [8][9]. - Any changes in shareholding must be reported within two trading days, detailing the number of shares before and after the change [9][10]. Responsibilities and Penalties - The company will issue warnings and may pursue legal action against directors and senior management who fail to comply with reporting requirements [11][12]. - Violations of trading regulations may result in penalties according to relevant laws and regulations [12]. Implementation and Amendments - The system will take effect upon approval by the board of directors and will be subject to interpretation and revision by the board [12].

Core Points - The company aims to enhance its governance structure and ensure the effective functioning of independent directors in accordance with relevant laws and regulations [1][19] - Independent directors are defined as those who do not hold any other positions within the company and have no direct or indirect interests that could affect their independent judgment [1][2] - The company must maintain a minimum of one-third of the board members as independent directors, including at least one accounting professional [2][3] Group 1: Independent Director Qualifications and Responsibilities - Independent directors must meet specific independence criteria and cannot have certain relationships with the company or its major shareholders [6][3] - The company is required to establish an audit committee composed of independent directors, with a majority being accounting professionals [2][12] - Independent directors are responsible for participating in board decisions, supervising potential conflicts of interest, and providing professional advice to enhance decision-making [16][17] Group 2: Appointment and Termination of Independent Directors - Independent directors can be nominated by shareholders holding more than 1% of the company's shares, and their nominations must be free from conflicts of interest [4][5] - The term for independent directors aligns with that of other board members, with a maximum continuous service of six years [6][13] - The company must promptly fill any vacancies among independent directors to maintain the required number [6][7] Group 3: Independent Director Meetings and Communication - The company is obligated to hold meetings exclusively for independent directors to discuss relevant matters [23][24] - Independent directors must attend board meetings in person or delegate their voting rights to another independent director if unable to attend [19][20] - The company must ensure that independent directors have access to necessary information and resources to perform their duties effectively [34][35] Group 4: Reporting and Accountability - Independent directors are required to submit annual reports detailing their activities and participation in board meetings [31][32] - The company must maintain records of independent directors' activities and ensure transparency in their decision-making processes [29][14] - Independent directors have the right to report any violations of laws or regulations to regulatory authorities if the company fails to address issues [18][10]

Core Points - The article outlines the investor relations management system of Shijiazhuang Changshan Beiming Technology Co., Ltd, emphasizing the importance of effective communication between the company and its investors to enhance corporate governance and protect investors' rights [1][2][3] Group 1: Principles of Investor Relations Management - The investor relations management should adhere to compliance, equality, proactivity, and honesty principles to foster a healthy market environment [2][3] - The company encourages investors to enhance their shareholder awareness and participate actively in investor relations activities [1][2] Group 2: Content and Methods of Investor Relations Management - Key communication topics include the company's development strategy, legal disclosures, management information, environmental, social, and governance information, and shareholder rights [3][4] - The company utilizes multiple channels such as its official website, new media platforms, and investor education bases to engage with investors [4][5] Group 3: Investor Communication Mechanisms - The company establishes a communication mechanism for significant events and ensures timely feedback to investors through various methods [4][5] - Investor meetings, including performance briefings and cash dividend explanations, are organized to facilitate direct communication with investors [6][7] Group 4: Responsibilities and Training - The board secretary is responsible for coordinating investor relations management, ensuring compliance with regulations, and providing necessary training to staff [33][35] - The company maintains a comprehensive record of investor relations activities, including communication content and any incidents of information leakage [16][18]

Group 1 - The company has established a Board Strategic Committee to enhance core competitiveness and improve decision-making processes for major investments [1][2] - The Strategic Committee consists of five directors, including at least one independent director, and is responsible for researching long-term development strategies and major investment decisions [2][3] - The committee's main responsibilities include proposing suggestions for the company's long-term strategic planning, major investment financing plans, and other significant matters affecting the company's development [3][4] Group 2 - The committee will conduct preliminary preparations for decision-making through an Investment Review Group, which will assess major investment projects and provide necessary documentation [4][5] - Meetings of the Strategic Committee require at least two-thirds of members to be present, and decisions must be approved by a majority [4][5] - The committee can invite external experts for professional opinions if necessary, with costs covered by the company [4][5] Group 3 - The company has also established a Nomination Committee to optimize the composition of the board and improve governance structures [5][6] - The Nomination Committee is responsible for drafting selection criteria and procedures for directors and senior management, and it must include a majority of independent directors [6][7] - The committee's proposals regarding the nomination or dismissal of directors and senior management must be documented if not fully adopted by the board [8][9] Group 4 - An Audit Committee has been set up to enhance the board's decision-making capabilities and ensure effective supervision of the management [11][12] - The Audit Committee is tasked with reviewing financial information, supervising internal and external audits, and evaluating internal controls [12][13] - The committee must have a majority of independent directors and is required to meet at least quarterly [13][14] Group 5 - A Compensation and Assessment Committee has been established to develop and review performance standards and compensation policies for directors and senior management [18][19] - The committee is responsible for proposing compensation plans, which must be approved by the board and submitted to the shareholders for review [19][20] - The committee's meetings require a two-thirds majority to be valid, and decisions must be documented and reported to the board [20][21]

Core Points - The document outlines the information disclosure system of Shijiazhuang Changshan Beiming Technology Co., Ltd, aiming to regulate the disclosure behavior of the company and protect investors' rights [1][2] - The system defines "information disclosure" as the act of publishing significant events that may impact the company's stock price, including regular and temporary reports [1][2] - The document emphasizes the importance of timely, truthful, accurate, and complete information disclosure, prohibiting misleading statements or omissions [2][3] Group 1 - The information disclosure obligations apply to the company, its directors, senior management, shareholders, and other relevant parties involved in significant transactions [2][3] - The company must disclose significant matters occurring in its subsidiaries as if they occurred within the company itself [2][3] - Information must be disclosed simultaneously to all investors, ensuring no selective disclosure occurs [3][4] Group 2 - The document specifies that the company and its management must ensure the accuracy and completeness of disclosed information, with a requirement for public commitments to be disclosed promptly [3][4] - Any errors or misleading information must be corrected immediately through supplementary announcements [4][5] - The company must publish disclosed information on the designated media platforms as per regulatory requirements [4][5] Group 3 - The document outlines the types of reports required, including annual, semi-annual, and quarterly reports, with specific deadlines for disclosure [10][11] - The annual report must include comprehensive financial data, shareholder information, and significant events affecting the company [11][12] - The company must ensure that financial reports are audited and approved by the board before disclosure [12][13] Group 4 - Temporary reports must be issued for significant events, including board resolutions, asset transactions, and other major occurrences [18][19] - The company must disclose any significant changes in its capital structure, shareholder composition, or operational status that could impact stock prices [19][20] - The document specifies thresholds for disclosing major transactions, including asset purchases or sales exceeding 10% of total assets [20][21] Group 5 - The company is required to maintain a record of any information that is temporarily withheld from disclosure, including reasons and timelines for potential future disclosure [12][13] - The board secretary is responsible for coordinating information disclosure and ensuring compliance with regulations [28][29] - All departments within the company must collaborate to ensure timely and accurate information reporting [30][31]

Market Overview - The Shanghai Composite Index rose by 0.50% on July 18, with 22 out of the 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and basic chemicals, with increases of 2.10% and 1.36% respectively. The computer sector saw a modest rise of 0.35% [1] - The main funds in the market experienced a net outflow of 22.99 billion yuan, with 10 sectors seeing net inflows. The non-ferrous metals sector led with a net inflow of 3.794 billion yuan, while the non-bank financial sector had a slight increase of 0.33% and a net inflow of 899 million yuan [1] Computer Industry Analysis - The computer sector increased by 0.35%, but faced a net outflow of 4.375 billion yuan. Out of 335 stocks in this sector, 180 rose, with 5 hitting the daily limit, while 153 declined. There were 125 stocks with net inflows, with 9 exceeding 100 million yuan in inflows. The top stock for inflow was Hengwei Technology, with a net inflow of 372 million yuan [2] - The outflow list for the computer sector included 19 stocks with outflows exceeding 100 million yuan. The leading stock for outflow was Changshan Beiming, with a net outflow of 1.30196 billion yuan, followed by Runhe Software and Tuowei Information with outflows of 584 million yuan and 576 million yuan respectively [4] Key Stocks in Computer Sector - Top inflow stocks included: - Hengwei Technology: +10.02%, 1.611% turnover, 372.38 million yuan inflow - Sifang Jingchuang: +2.95%, 18.91% turnover, 338.85 million yuan inflow - Yunsai Zhili: +3.67%, 8.01% turnover, 313.25 million yuan inflow [2] - Top outflow stocks included: - Changshan Beiming: +1.11%, 20.30% turnover, -1.30196 billion yuan outflow - Runhe Software: -2.28%, 9.69% turnover, -584.04 million yuan outflow - Tuowei Information: -2.11%, 10.72% turnover, -576.24 million yuan outflow [4]