Core Viewpoint - Montnets Technology Group Co., Ltd. has announced the termination of the issuance of shares and cash payment for asset acquisition, along with related fundraising and transactions, and will hold an investor briefing to address investor concerns [1][2]. Group 1: Meeting Details - The investor briefing is scheduled for September 1, 2025, from 16:00 to 17:00 [1][3]. - The meeting will be conducted in an online interactive format [1][3]. - The location for the meeting is "Value Online" (www.ir-online.cn) [1][3]. Group 2: Participation Information - Investors can participate in the meeting by visiting the provided URL or scanning the QR code before the meeting [2][3]. - Questions can be submitted by investors prior to the meeting, and the company will respond to commonly asked questions within the limits of information disclosure [2][3]. Group 3: Contact Information - The contact person for inquiries is Gao Yizhen, with a provided phone number and email address for further communication [2].

Group 1: DreamNet Technology and Acquisition - DreamNet Technology has terminated its plan to acquire 100% of Orange Digital for a total price of 1.28 billion yuan, which was initially announced on June 26 [2] - The acquisition was intended to be financed through a combination of issuing shares and cash, with a maximum of 830 million yuan raised for supporting funds [2] Group 2: Wuliangye and Digital Economy Fund - Wuliangye has established the Yibin Smart Innovation Digital Economy Industry Fund with a contribution of 1.01 billion yuan [4] - The fund will engage in private equity investments, investment management, and asset management activities [4] Group 3: MiHoYo and Tencent Lawsuit - MiHoYo has initiated a civil lawsuit against Tencent, which has sparked speculation among players regarding the motives behind the action [6] - The case is set to be heard on September 5 in Shenzhen [6] Group 4: China Merchants Bank Half-Year Report - China Merchants Bank reported a revenue of 169.969 billion yuan for the first half of 2025, a decrease of 1.72% year-on-year [7] - The net profit attributable to shareholders was 74.930 billion yuan, reflecting a slight increase of 0.25% [7] - The bank's total assets reached 12.66 trillion yuan, growing by 4.16% compared to the end of the previous year [7] Group 5: Guosen Securities Half-Year Report - Guosen Securities achieved a total revenue of 110.75 billion yuan in the first half of 2025, marking a year-on-year increase of 51.84% [8] - The net profit attributable to shareholders was 53.67 billion yuan, representing a growth of 71.00% [8] Group 6: Biyin Lefen's Performance - Biyin Lefen reported a revenue of 2.103 billion yuan for the first half of 2025, an increase of 8.63% year-on-year [11] - However, the net profit attributable to shareholders decreased by 13.56% to 414 million yuan [11] Group 7: Zeekr's New SUV Launch - Zeekr has launched its new flagship luxury SUV, the Zeekr 9X, with pre-sale prices starting at 479,900 yuan [13] - The model received significant interest, with over 42,000 orders placed within the first hour of the pre-sale [13]

Group 1 - The company announced the termination of the acquisition of assets and related fundraising due to a contractual dispute leading to the freezing of shares held by the transaction partner, which does not meet regulatory requirements [1][3][4] - The acquisition was initially disclosed in January, with a proposed transaction price of 1.28 billion yuan and additional fundraising not exceeding 830 million yuan [3] - The freezing of 10.51 million shares held by the transaction partner significantly impacts the acquisition, as they are the third-largest shareholder and performance guarantor [3][5] Group 2 - The company has been experiencing continuous losses over the years, with revenues of 3.175 billion yuan, 4.157 billion yuan, 5.234 billion yuan, and 4.404 billion yuan from 2021 to 2024, and net profits of -238 million yuan, -722 million yuan, -1.822 billion yuan, and 42 million yuan respectively [6] - In the first half of this year, the company reported a revenue of 1.539 billion yuan, a year-on-year decrease of 33.89%, while the net profit attributable to shareholders was 9.2399 million yuan, a slight increase of 0.05% [6] - Despite a projected turnaround in 2024, the company faces challenges as performance is expected to decline again in the first half of 2025 [7]

Market Performance - The Zhipu AI concept index declined by 2.60%, ranking among the top losers in the concept sector as of the market close on August 29 [1] - Within the Zhipu AI sector, stocks such as Mengwang Technology, Haitian Ruisheng, and Nengke Technology experienced significant declines, while only four stocks saw price increases, with Zhongke Jincai, Worth Buying, and Wanxin Media rising by 3.39%, 0.73%, and 0.43% respectively [1] Capital Flow - The Zhipu AI concept sector saw a net outflow of 4.723 billion yuan, with 55 stocks experiencing net outflows and 15 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Zhongke Shuguang, with a net outflow of 990 million yuan, followed by Changshan Beiming, Mengwang Technology, and Shenzhou Digital, with net outflows of 402 million yuan, 298 million yuan, and 275 million yuan respectively [2] Top Gainers and Losers - Among the top gainers in the Zhipu AI concept, Zhongke Jincai led with a 3.39% increase, while Mengwang Technology was among the top losers with an 8.57% decline [3][4] - Other notable losers included Nengke Technology, which fell by 7.38%, and Haitan Ruisheng, which dropped by 7.85% [3][4]

Market Overview - On August 29, the communication services sector declined by 0.47%, with Dream Network Technology leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Performers - The best-performing stocks in the communication services sector included: - Tu'an Co., Ltd. (Code: 000839) with a closing price of 3.06, up 10.07% and a trading volume of 2.2017 million shares, totaling 649 million yuan [1] - Sanwei Communication (Code: 002115) closed at 10.47, up 9.98% with a trading volume of 3.4214 million shares, totaling 3.529 billion yuan [1] - ST Xintong (Code: 68ZO09) closed at 6.62, up 2.64% with a trading volume of 72,600 shares, totaling 48.2617 million yuan [1] Underperformers - The worst-performing stocks included: - Dream Network Technology (Code: 002123) closed at 14.40, down 8.57% with a trading volume of 1.4574 million shares, totaling 2.098 billion yuan [2] - Jida Communication (Code: 300597) closed at 9.74, down 4.51% with a trading volume of 129,900 shares, totaling 12.8 million yuan [2] - Wajingke (Code: 301380) closed at 43.43, down 4.17% with a trading volume of 90,800 shares, totaling 397 million yuan [2] Capital Flow - The communication services sector experienced a net outflow of 2.14 billion yuan from institutional investors, while retail investors saw a net inflow of 1.96 billion yuan [2][3] - Notable capital flows included: - Sanwei Communication had a net inflow of 114 million yuan from institutional investors, while retail investors had a net outflow of 21.12 million yuan [3] - Tu'an Co., Ltd. saw a net inflow of 16.8 million yuan from institutional investors, with retail investors experiencing a net outflow of 11 million yuan [3]

Core Viewpoint - DreamNet Technology (002123.SZ) experienced a significant stock decline following the announcement of the termination of a major asset restructuring plan, with the stock closing down 8.57% at 14.40 yuan, resulting in a total market capitalization of 11.598 billion yuan [1][2]. Group 1: Company Announcement - DreamNet Technology announced the termination of the issuance of shares and cash payment for asset acquisition, as well as the related fundraising and associated transactions [1][2]. - The decision was made during the fourth meeting of the ninth board of directors held on August 28, 2025, where the company agreed to halt the planned transactions [1][2]. Group 2: Impact of Legal Issues - The termination was influenced by legal complications involving the transaction counterparty, Hangzhou Chengxiang Enterprise Management Partnership, which faced a court summons and had its shares frozen due to a contract dispute [2]. - The frozen shares, amounting to 10.51 million shares, belong to Hangzhou Chengxiang, which is the third-largest shareholder of the target company and a performance commitment party for the transaction, significantly affecting the deal [2]. Group 3: Financial Performance - DreamNet Technology's financial performance from 2021 to the first half of 2025 shows fluctuating revenues and net profits, with revenues of 3.175 billion yuan in 2021, increasing to 5.234 billion yuan in 2023, but dropping to 4.404 billion yuan in 2024 and 1.539 billion yuan in the first half of 2025 [3]. - The company reported net losses for the years 2021 to 2023, with a net profit of 0.38 million yuan in 2024 and 0.09 million yuan in the first half of 2025 [3]. - The net cash flow from operating activities showed a recovery trend, with -6.82 billion yuan in 2021, turning positive to 5.03 billion yuan in 2024 and 1.87 billion yuan in the first half of 2025 [3].

Core Viewpoint - Mengwang Technology has terminated the acquisition of all shares of Bicheng Digital due to the freezing of shares held by a key shareholder, which does not comply with regulatory requirements [2][5]. Group 1: Termination of Acquisition - Mengwang Technology announced the termination of the share issuance and cash payment for the acquisition of Bicheng Digital after careful consideration and friendly negotiations with the parties involved [2][5]. - The termination was influenced by the shareholding freeze of Hangzhou Chengxiang Enterprise Management Partnership, which holds a significant stake in Bicheng Digital [5]. Group 2: Financial Details of the Transaction - The planned acquisition involved issuing shares and cash to acquire 100% of Bicheng Digital for a total transaction price of 1.28 billion yuan [6]. - The assessment of Bicheng Digital's 100% equity value was determined to be 1.312 billion yuan, reflecting an appreciation rate of 164.91% after accounting for a cash dividend of 30 million yuan [6]. - The compensation obligations included profit commitments for Bicheng Digital, with net profits expected to be no less than 90 million yuan, 108 million yuan, and 125 million yuan for the years 2025 to 2027 [6]. Group 3: Company Profile of Bicheng Digital - Bicheng Digital is recognized as a leading comprehensive e-commerce service provider, holding certifications as a Tmall Six-Star Service Provider and a Douyin Diamond Brand Service Provider [7]. - The company achieved revenues of 1.281 billion yuan and 1.363 billion yuan in 2023 and 2024, respectively, with net profits of 96.855 million yuan and 74.184 million yuan [7].

Core Viewpoint - The company, Dream Network Technology (002123.SZ), has announced the termination of its planned acquisition of Hangzhou Bicheng Digital Technology Co., Ltd. due to a contractual dispute that led to the freezing of the equity held by the counterparty, Hangzhou Chengxiang Enterprise Management Partnership (Limited Partnership), which does not meet regulatory requirements [1] Group 1 - The company intended to issue shares and pay cash to acquire all shares of the target company and raise supporting funds for this transaction [1] - The counterparty's equity freeze resulted from a contractual dispute, creating a situation that restricts the transfer of shares [1] - The termination of the transaction is a response to the non-compliance with relevant regulatory requirements [1]

Core Viewpoint - DreamNet Technology has announced the termination of its plan to issue shares and pay cash to acquire all shares of Hangzhou Bicheng Digital Technology Co., Ltd. and to raise matching funds due to legal issues affecting a key stakeholder [1][2] Group 1: Transaction Details - The company had intended to acquire Hangzhou Bicheng Digital Technology but decided to terminate the transaction after a key stakeholder, Hangzhou Chengxiang Enterprise Management Partnership, received a court summons and had its shares frozen [1] - The board of directors approved the termination of the transaction during the fourth meeting of the ninth board session on August 28 [1] Group 2: Impact on Company Operations - DreamNet Technology stated that the termination of this major asset restructuring will not have a significant adverse effect on its production operations or financial status [2] - The company emphasized that there is no harm to the interests of the company or minority shareholders as a result of this decision [2]

公司拟发行股份及支付现金购买杭州碧橙数字技术股份有限公司（以下简称 "标的公司"）全部股份并募集配套资金（以下简称"本次交易"）。 证券代码：002123 证券简称：梦网科技 公告编号：2025-080 梦网云科技集团股份有限公司 关于终止发行股份及支付现金购买资产并募集配套资金 暨关联交易事项的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 梦网云科技集团股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召 开第九届董事会第四次会议，审议通过了《关于终止发行股份及支付现金购买资 产并募集配套资金暨关联交易事项的议案》，同意公司终止发行股份及支付现金 购买资产并募集配套资金暨关联交易事项。现将有关事项公告如下： 一、本次交易的基本情况 本次重大资产重组自启动以来，公司及相关各方积极推动本次重大资产重组 的各项工作，并严格按照相关规定履行信息披露义务。因本次交易对方杭州橙祥 企业管理合伙企业（有限合伙）（以下简称"杭州橙祥"）于 2025 年 8 月 28 日因合同纠纷收到《杭州市拱墅区人民法院传票》，杭州市拱墅区人民法院冻结 了杭州橙祥持 ...