Core Viewpoint - The article discusses the introduction of 16 measures by Shaanxi Province aimed at deepening capital market reforms to support high-quality development in the region, leading to a collective surge in local stocks. Group 1: Key Measures for Capital Market Reform - Focus on key sectors such as new generation information technology, artificial intelligence, aerospace, new energy, new materials, high-end equipment, biomedicine, and quantum technology, providing tailored guidance for companies to list in appropriate segments [1][27] - Encourage listed companies to utilize diverse financing tools in the capital market, including rights issues, bond issuance, and securities products for refinancing, while supporting effective mergers and acquisitions [1][2] - Establish a social security science and technology fund in Shaanxi and attract national venture capital guidance funds to operate in the province [1][30] Group 2: Support for State-owned Enterprises - Promote major asset restructuring for state-owned listed companies with poor operational performance to eliminate outdated capacity and restore refinancing capabilities [2][38] - Encourage state-owned enterprises to explore strategic emerging industries and enhance industry synergy through cross-industry development [3][39] Group 3: Enhancing Compliance and Risk Management - Urge securities, fund, and futures institutions to improve compliance management and strengthen risk control foundations [3][42] - Support qualified securities firms to advance mergers and acquisitions in a market-oriented manner while managing risks effectively [4][43] Group 4: Stock Market Performance - Following the announcement of the measures, the Shaanxi stock sector experienced a significant upward movement, with companies like Zhongtian Rocket and Xi'an Catering reaching their daily price limits [5][7]

Group 1 - The core point of the article highlights the performance of Shaanxi Guotou A, which saw a 6.18% increase in stock price, reaching 3.61 CNY per share, with a trading volume of 146 million CNY and a turnover rate of 0.83%, resulting in a total market capitalization of 18.461 billion CNY [1] - Shaanxi Guotou A is primarily engaged in financial trust business, which constitutes 100% of its main business revenue, and offers a range of financial services including trust loans, investment, real estate investment, and financial leasing [1] - The company is located in Xi'an, Shaanxi Province, and was established on January 5, 1985, with its listing date on January 10, 1994 [1] Group 2 - From the perspective of the top ten circulating shareholders, Southern Fund's Southern CSI 500 ETF (510500) reduced its holdings by 1.0562 million shares in the third quarter, now holding 44.7628 million shares, which accounts for 0.88% of the circulating shares [2] - The Southern CSI 500 ETF has achieved a year-to-date return of 23.54%, ranking 1967 out of 4206 in its category, and a one-year return of 24.27%, ranking 1955 out of 4006 [2] - The fund manager of Southern CSI 500 ETF, Luo Wenjie, has a total fund asset scale of 170.445 billion CNY, with the best fund return during his tenure being 145.85% [3]

Core Insights - The A-share market in Shaanxi province has seen a significant rise, particularly in stocks such as Xi'an Catering and Zhongtian Rocket, which have hit the upper limit of their trading range [1] - The Shaanxi provincial government has introduced 16 measures aimed at deepening capital market reforms to support high-quality development in the region, focusing on major asset restructuring for state-controlled listed companies with poor operational performance [1] Stock Performance Summary - Xi'an Catering (000721) increased by 10.02% with a total market value of 5.544 billion [2] - Zhongtian Rocket (003009) rose by 10.00%, reaching a market value of 9.142 billion [2] - Other notable stocks include Shaanxi Huada (301517) up by 5.72% with a market value of 7.125 billion, and Qujiang Cultural Tourism (600706) up by 5.14% with a market value of 2.818 billion [2] - The overall trend indicates a positive momentum in the Shaanxi stock sector, supported by the MACD golden cross signal [2]

Group 1 - Shaanxi Guotou A has received acceptance for its application to issue A-shares to specific targets, pending further review and approval by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1] - *ST Dongtong has received a notice of termination of stock listing due to false disclosures in annual reports from 2019 to 2022, leading to a suspension of trading [2] - Jianlong Micro-Nano has terminated its major asset restructuring plan, concluding that the conditions for implementation are not mature [3] Group 2 - China Iron & Steel Logistics Group plans to increase its stake in China Iron & Steel by investing between 65 million and 130 million yuan within six months [4] - Industrial Fulian has adjusted its share repurchase price ceiling to no more than 75 yuan per share, up from a previous limit of 19.36 yuan [5] - Fujian Expressway intends to invest 180 million yuan in a capital increase project for Haixia Insurance, acquiring an 18% stake [6] Group 3 - Beixin Building Materials plans to use up to 8 billion yuan of idle funds for entrusted wealth management, aiming for capital preservation and appreciation [8] - Mao Ye Commercial has confirmed that its production and operation are normal despite recent stock price fluctuations [10] - Sanjiang Shopping has reported a significantly higher rolling P/E ratio of 70.45 compared to the industry average of 26.11 [11] Group 4 - Pinming Technology has experienced a stock price increase of 255.54% from September 25 to November 26, leading to potential trading risks [13] - Jiangbolong's vice president plans to reduce his stake by up to 30,600 shares, representing 0.0073% of the total share capital [15] - He Sheng Co. shareholders plan to collectively reduce their stake by up to 3% [16] Group 5 - Baiao Chemical's major shareholders plan to transfer a total of 10% of the company's shares, with a total consideration of approximately 1.986 billion yuan [18] - *ST Huawang's subsidiary plans to invest 10 million yuan to establish a wholly-owned subsidiary in Yibin, Sichuan [19] - *ST Yatai's restructuring application has been accepted by the court, leading to a risk warning for its stock [20]

Core Points - The company, Shaanxi Guotou A, announced on November 26 that it received a notification from the Shenzhen Stock Exchange regarding the acceptance of its application for a specific stock issuance [1] - The application documents submitted by the company were deemed complete by the Shenzhen Stock Exchange, which decided to accept the application [1] - The issuance plan is subject to approval by the Shenzhen Stock Exchange and registration by the China Securities Regulatory Commission before implementation [1]

Core Viewpoint - Multiple trust companies have disclosed their lists of internet lending business cooperation institutions, following the regulatory guidelines issued by the National Financial Supervision Administration, which mandates a list management system for platform operators and credit enhancement service providers [1][4]. Group 1: Disclosure of Cooperation Institutions - At least 16 trust companies, including Zhongcheng Trust, CITIC Trust, and Huaneng Trust, have publicly announced their cooperation institutions for internet lending on their official websites [1]. - The disclosed cooperation institutions primarily consist of platform operating entities and credit enhancement service providers, with a focus on platform operating entities [4]. Group 2: Key Players in Internet Lending - Notable companies frequently appearing in the cooperation lists include Ant Group's Ant Zhixin (Hangzhou) Information Technology Co., Ltd., and Meituan-related companies such as Chongqing Meituan San Kuai Small Loan Co., Ltd. [4]. - The cooperation with these entities reflects the evolving landscape of trust companies' lending operations amid stringent regulations [4]. Group 3: Market Context and Trends - The trust companies' lending business is rapidly evolving under strong regulatory oversight, connecting their transformation needs with the vast consumer finance market [4]. - Consumer finance aligns with national policies aimed at boosting domestic demand, making it a crucial area for trust companies' transformation efforts [4]. Group 4: Advantages and Disadvantages of Trust Companies - Trust companies possess flexible transaction structure design capabilities, allowing them to engage deeply in asset securitization (ABS) models to lower funding costs [5]. - However, they face challenges such as higher funding costs compared to banks, reliance on partner institutions for customer acquisition and risk control, and high complaint rates leading to compliance and reputational risks [5].

向特定对象发行 A 股股票 募集说明书 股票简称：陕国投 A 股票代码：000563 陕西省国际信托股份有限公司 （申报稿） 保荐人（主承销商） 二〇二五年十一月 陕西省国际信托股份有限公司向特定对象发行 A 股股票 募集说明书 声 明 本公司及全体董事、监事、高级管理人员承诺本募集说明书内容真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承 担相应的法律责任。 本公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财 务会计资料真实、完整。 中国证券监督管理委员会、深圳证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对本公司的盈利能力、投资价值或者对投资者的收益作出实质性判断 或保证。任何与之相反的声明均属虚假不实陈述。 根据《中华人民共和国证券法》的规定，证券依法发行后，发行人经营与收 益的变化，由发行人自行负责。投资者自主判断发行人的投资价值，自主作出投 资决策，自行承担证券依法发行后因发行人经营与收益变化或者证券价格变动引 致的投资风险。 1-1-1 陕西省国际信托股份有限公司向特定对 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：000563 证券简称：陕国投A 公告编号：2025-77 陕西省国际信托股份有限公司 关于向特定对象发行 A 股股票申请获深圳证券交易所受理 的公告 2025 年 11 月 26 日 1 2025 年 11 月 25 日，陕西省国际信托股份有限公司（以下简称"公司"）收 到深圳证券交易所（以下简称"深交所"）出具的《关于受理陕西省国际信托股 份有限公司向特定对象发行股票申请文件的通知》（深证上审〔2025〕234 号）。 深交所对公司报送的向特定对象发行股票的申请文件进行了核对，认为申请文件 齐备，决定予以受理。 公司本次向特定对象发行 A 股股票的方案尚需经深交所审核通过，并经中 国证监会作出予以注册决定后方可实施，且以前述监管机构最终审批通过的方案 为准。公司将根据上述事项进展情况，严格按照有关法律法规的规定和要求及时 履行信息披露义务，敬请广大投资者关注后续公告并注意投资风险。 特此公告。 陕西省国际信托股份有限公司 董 事 会 ...

之 法律意见书 北京市金杜律师事务所 关于陕西省国际信托股份有限公司 2025 年度向特定对象发行 A 股股票 二〇二五年十一月 4-1-1 北京市金杜律师事务所 关于陕西省国际信托股份有限公司 2025 年度向特定对象发行 A 股股票之 法 律 意 见 书 致：陕西省国际信托股份有限公司 北京市金杜律师事务所（以下简称"金杜"或"本所"）接受陕西省国际信托 股份有限公司（以下简称"发行人"、"公司"或"陕国投"）的委托，作为陕国投 2025 年度向特定对象发行 A 股股票（以下简称"本次发行"或"本次向特定对象 发行"）的专项法律顾问，根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司证券发行注册管 理办法》（以下简称"《注册管理办法》"）、《深圳证券交易所股票上市规则》（2025 年修订）（以下简称"《股票上市规则》"）、《律师事务所从事证券法律业务管理办 法》（以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业规 则（试行）》（以下简称"《证券法律业务执业规则》"）等中华人民共和国（以下简 称"中国"，为本法律意见书 ...

中信证券股份有限公司 关于 陕西省国际信托股份有限公司 向特定对象发行 A 股股票之 住所：广东省深圳市福田区中心三路 8 号卓 越时代广场（二期）北座 二〇二五年十一月 陕西省国际信托股份有限公司向特定对象发行 A 股股票 发行保荐书 发行保荐书 声 明 保荐人（主承销商） 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）接受陕西省 国际信托股份有限公司（以下简称"陕国投""发行人"或"公司"）的委托， 担任陕国投本次向特定对象发行 A 股股票（以下简称"本次发行"）的保荐人， 为本次发行出具发行保荐书。 保荐人及指定的保荐代表人根据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司证券发行注册管理办法》《证券发行上市保荐业务管理办 法》（以下简称"《保荐办法》"）等有关法律、法规和中国证券监督管理委员 会、深圳证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业 务规则、行业执业规范和道德准则出具发行保荐书，并保证所出具文件的真实性、 准确性和完整性。 本发行保荐书中如无特别说明，相关用语具有与《陕西省国际信托股份有限 公司向特定对象发行 A 股股票募集说明书》中相同的含义。 ...