Group 1 - The core viewpoint of the news is that the Beijing office market is experiencing a recovery in demand, with a significant reduction in vacancy rates by the end of 2025, driven by a net absorption of approximately 83,000 square meters in Q4, leading to an annual total of 330,000 square meters [1] - The new supply of Grade A office space in Beijing for 2025 is limited to 188,000 square meters, which, combined with steady demand, has resulted in a decrease in the vacancy rate to 19.2%, down by about 1.5 percentage points year-on-year [1] - The average effective rent has decreased to 222 RMB per square meter per month, reflecting an 11.5% year-on-year decline, although the rate of decline has narrowed by 4.9% compared to the previous year [1] Group 2 - The Zhongguancun area has emerged as the biggest highlight of the year, with net absorption of Grade A office space exceeding 176,000 square meters, accounting for 53% of the city's total, marking a peak in nearly 20 years [2] - Despite stable annual demand exceeding 300,000 square meters in the overall Grade A market, high vacancy rates and declining rents persist, indicating a significant regional disparity in market performance [2] - The average rent in mature submarkets of core areas has seen a decline of over 10% year-on-year, with intensified competition across asset classes and market segments, indicating a shift towards refined competition in the industry [2] Group 3 - Looking ahead to 2026, the market may face challenges with tenant downsizing and relocations, particularly among large state-owned enterprises, which could offset the positive impacts of new demand [3] - The new supply in core markets is expected to exceed 700,000 square meters, with demand concentrated in the western submarkets while 90% of new projects are located in the eastern submarkets, leading to intensified competition and a mismatch in supply and demand geographically [3] - The rental price center in the Beijing office market is expected to remain under pressure, and achieving supply-demand rebalancing will be a long and challenging process, necessitating government intervention and innovative management approaches from market participants [3]

12月31日，北京建工中关村东升科技园二期L18地块项目完成结构封顶。中关村东升科技园二期1813- L18地块项目(1#科研楼等12项)位于海淀区中关村东升科技园，建设规模15万平方米，工程性质为科研 设计用房及配套、地下车库及设备机房，工程包含3栋科研楼、1栋配套楼、地下四层车库，合同总工期 878天。图为最后一根钢梁起吊。 ...

Group 1 - The total revenue of key enterprises in Zhongguancun Demonstration Zone reached 89,558.9 billion yuan from January to November 2025, representing a year-on-year growth of 7.3% [1] - The technology revenue amounted to 25,402.4 billion yuan, with a year-on-year increase of 13.1%, accounting for 28.4% of the total revenue [1] - National high-tech key enterprises in Zhongguancun achieved total revenue of 35,993.3 billion yuan, growing by 8.3% year-on-year, with the electronic information sector contributing 17,517.3 billion yuan, a 15.7% increase [1] Group 2 - The total revenue growth of Zhongguancun national high-tech enterprises was driven by the electronic information sector, which contributed 7.2 percentage points to the overall revenue growth [1] - The number of research and development personnel in Zhongguancun enterprises totaled 645,000, showing a slight decline of 0.7% year-on-year [1] - Research and development expenses for these enterprises reached 405.93 billion yuan, reflecting a year-on-year increase of 5.8% [1]

Core Viewpoint - The company held its ninth extraordinary general meeting of shareholders in 2025, where it approved the change of its auditing firm for the fiscal year 2025 from Zhongxing Cai Guanghua Certified Public Accountants to Zhongshun Zhonghuan Certified Public Accountants [2][13]. Meeting Details - The meeting was held on December 30, 2025, at 14:50, combining both on-site and online voting methods [3][5]. - The location of the on-site meeting was at Room 1, 22nd Floor, B Block, Pengrun Building, No. 26 Xiaoyun Road, Chaoyang District, Beijing [4]. - The meeting was convened by the board of directors, with the chairman unable to attend, leading to the appointment of the president to preside over the meeting [6]. Attendance - A total of 144 shareholders attended the meeting, representing 189,065,282 shares, which is 25.1040% of the total voting shares [7]. - Among the attendees, 3 shareholders participated in person, representing 124,108,600 shares (16.4791%), while 141 shareholders voted online, representing 64,956,682 shares (8.6249%) [8][9]. - Some directors and senior management were present, and the meeting was witnessed by lawyers from Beijing Hairun Tianrui Law Firm [10][11]. Proposal Voting Results - The proposal to change the auditing firm was approved with 188,034,453 votes in favor, accounting for 99.4548% of the valid votes cast [14]. - The dissenting votes totaled 1,015,829 shares (0.5373%), with 15,000 shares abstaining (0.0079%) [14]. - Among minority shareholders, 1,921,246 shares (65.0812%) voted in favor, while 1,015,829 shares (34.4107%) opposed, with 15,000 shares abstaining [15]. Legal Opinion - The legal opinion provided by Beijing Hairun Tianrui Law Firm confirmed that the meeting was convened and conducted in accordance with relevant laws and regulations, and the qualifications of attendees and the convenor were valid [17]. Documents for Reference - The resolutions from the ninth extraordinary general meeting, voting results, legal opinions, and the notice of the meeting are available for review [18].

Core Viewpoint - Zhongguancun Science and Technology Leasing (01601) has received approval from the Beijing Local Financial Supervision Administration for the appointments of Mr. Xu Zhengwen as a non-executive director and Mr. Xiao Wang as an independent non-executive director, effective from December 30, 2025 [1] Group 1 - Mr. Xu Zhengwen's appointment as a non-executive director and Mr. Xiao Wang's appointment as an independent non-executive director have been confirmed [1] - Both appointments will be effective until the end of the second board's term [1] - Mr. Xu Zhengwen will also serve as a member of the audit committee of the second board starting from December 30, 2025 [1] Group 2 - Mr. Xiao Wang will take on multiple roles including chairman of the remuneration committee, member of the audit committee, member of the nomination committee, and member of the risk control committee starting from December 30, 2025 [1]

（文章来源：证券日报） 证券日报网讯 12月30日，中关村发布公告称，公司2025年12月30日召开2025年第九次临时股东会，审 议通过《关于变更2025年度审计机构的议案》。 ...

Core Viewpoint - The company has received approval from the Beijing Local Financial Supervision Administration for the appointments of Xu Zhengwen as a non-executive director and Xiao Wang as an independent non-executive director, effective from December 30, 2025 [1] Group 1 - Xu Zhengwen's term as a non-executive director will last until the end of the second board's term [1] - Xiao Wang will serve as the chairman of the remuneration committee, a member of the audit committee, the nomination committee, and the risk control committee starting from December 30, 2025 [1]

Group 1 - The company, Zhongguancun Technology Leasing (01601), announced a financing lease agreement with Xinjiang Junrui Zhongyan Mining Equipment Co., Ltd. [1] - The agreement involves the purchase of leasing assets II by the company for a total price of RMB 40 million [1] - The leasing assets II include excavators and mining trucks, with a lease term of 18 months and total lease payments of approximately RMB 41.76 million [1]

Core Viewpoint - Zhongguancun Science and Technology Leasing (01601) has received approval from the Beijing Local Financial Supervision Administration for the appointments of Mr. Xu Zhengwen as a non-executive director and Mr. Xiao Wang as an independent non-executive director, effective from December 30, 2025 [1] Group 1 - Mr. Xu Zhengwen's appointment as a non-executive director and Mr. Xiao Wang's appointment as an independent non-executive director have been approved and are effective from December 30, 2025 [1] - Mr. Xu Zhengwen will also serve as a member of the company's second board of directors' audit committee starting from December 30, 2025 [1] - Mr. Xiao Wang will take on multiple roles including chairman of the remuneration committee, member of the audit committee, member of the nomination committee, and member of the risk control committee starting from December 30, 2025 [1]

Group 1 - The company, Zhongguancun Technology Leasing, announced a financing lease agreement with Xinjiang Junrui Zhongyan Mining Equipment Co., Ltd. [1] - The total transfer price for the leased assets is set at RMB 40 million [1] - The lease term for the equipment, which includes excavators and mining trucks, is 18 months, with total lease payments amounting to approximately RMB 41.76 million [1]