Core Viewpoint - The document outlines the investor relations management system of Jiangsu Shentong Valve Co., Ltd, emphasizing the importance of communication between the company and its investors to enhance understanding and recognition of the company's investment value, thereby maximizing company value and shareholder interests [1][2]. Summary by Sections General Principles - The investor relations management system aims to standardize communication between the company and its investors, ensuring compliance with relevant laws and regulations [1]. - The system applies to all departments, subsidiaries, and responsible personnel within the company [1]. - The board of directors is responsible for decision-making and execution of the investor relations management system [1][2]. Basic Principles of Investor Relations Management - Compliance: Activities must adhere to legal and regulatory requirements [1]. - Equality: All investors should be treated equally, with special attention to small and medium investors [1]. - Proactivity: The company should actively engage with investors and respond to their feedback [1]. - Integrity: Emphasis on honesty and responsibility in investor relations activities [1]. Content and Requirements 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 [1][2]. - The company must not disclose any undisclosed significant information during investor relations activities [2]. Management of Investor Relations Activities - The company must maintain records of investor relations activities, including participants, content, and any incidents of information leakage [3][4]. - A dedicated investor relations management archive should be established, retaining records for at least three years [3]. Investor Communication Channels - Multiple channels for communication with investors include shareholder meetings, investor briefings, the company website, and various media platforms [5][6]. - The company should facilitate visits and discussions for small and institutional investors [6]. Handling Investor Complaints - The company is responsible for addressing investor complaints and should have a mechanism in place for effective resolution [6][7]. Interaction with Research Institutions - The company must ensure proper conduct during interactions with research institutions and individuals, adhering to disclosure obligations [7][8]. Use of Interactive Platforms - The company should utilize platforms like "Interactive Easy" for timely communication with investors, ensuring fairness and transparency in responses [11][12]. - Information published on these platforms must not conflict with legally disclosed information [13][14].

Core Viewpoint - The document outlines the internal reporting system for significant information at Jiangsu Shentong Valve Co., Ltd, ensuring timely, accurate, and complete disclosure of information that may significantly impact the company's stock and derivatives trading prices [1][2]. Group 1: General Principles - The internal reporting system is established to enhance the management of significant information within the company, ensuring compliance with relevant regulations and the company's articles of association [1]. - The system mandates that all departments and subsidiaries report significant events that may affect stock prices to the board of directors promptly [2]. Group 2: Scope of Significant Information - Significant information includes important meetings, major transactions exceeding 10% of audited annual revenue or net profit, and significant litigation or arbitration matters [2][3]. - The reporting obligations extend to major changes in company operations, including changes in market conditions that could impact business [3]. Group 3: Reporting Responsibilities - The board of directors' office is responsible for public information disclosure, while department heads and financial officers are the primary contacts for internal reporting [8][9]. - Individuals with reporting obligations must ensure the accuracy and completeness of the information provided and are held accountable for any misrepresentation [5][13]. Group 4: Reporting Process - The reporting process requires that information be communicated to the board of directors' office as soon as it is known, with specific timelines for monthly updates on operational performance [9][10]. - The document specifies that any changes in significant matters must be reported immediately, and ongoing matters can be disclosed in stages [9][10]. Group 5: Confidentiality and Legal Responsibility - Individuals involved in the reporting process are required to maintain confidentiality regarding undisclosed information until it is publicly released [11]. - Failure to comply with reporting obligations can result in disciplinary actions, including potential termination and liability for damages [13].

Core Viewpoint - The board of directors of Jiangsu Shentong Valve Co., Ltd. has established detailed authorization guidelines for the chairman to enhance decision-making efficiency and clarify approval authority [1] Group 1: Authorization Guidelines - The authorization guidelines are designed to regulate company management and decision-making processes, ensuring compliance with laws and internal regulations [1] - The chairman is authorized to make external investments, asset sales, acquisitions, and borrowings within specified financial limits, including a maximum of 5% of the latest audited net assets for single transactions and 10% for cumulative investments within a year [1] - For short-term investments, the chairman can allocate up to 2% of the latest audited net assets for single investments and 5% for cumulative investments over 12 months [1] Group 2: Borrowing and Guarantees - The chairman's borrowing authority is limited to 5% of the latest audited total assets for single borrowings and 12% for cumulative borrowings over 12 months [1] - The total amount of guarantees provided by the company and its subsidiaries cannot exceed 15% of the latest audited net assets, excluding guarantees for related parties [1] Group 3: Asset Transactions - The chairman can authorize asset sales up to 3% of the latest audited total assets, with a cumulative limit of 10% over 12 months [1] - For asset acquisitions, the chairman can utilize funds not exceeding 3% of the latest audited total assets, with a cumulative limit of 10% over 12 months [1] Group 4: Compliance and Implementation - The chairman must act within the scope of authority granted by the board and submit matters exceeding this authority to the board or shareholders for approval [1] - Any issues not covered by these guidelines will refer to relevant laws and internal regulations, with the board responsible for interpretation and amendments [1] - The guidelines will take effect upon approval by the board of directors [1]

Core Points - The document outlines the management measures for the reception of institutional investor research by Jiangsu Shentong Valve Co., Ltd, aiming to enhance communication with external parties and improve investor relations management [1][3] Group 1: Principles of Reception - The company must adhere to principles of fairness, justice, and openness during reception activities, avoiding any selective disclosure of non-public significant information [2] - The reception work should be based on honesty and integrity, ensuring that there are no false records or misleading statements [2] - Confidentiality is crucial, and reception personnel must not disclose non-public significant information without authorization [2] Group 2: Reception Activities - The reception activities include one-on-one communication, site visits, analyst meetings, roadshows, performance briefings, and media interviews [3] - The purpose of these regulations is to increase transparency and fairness in information disclosure, improve corporate governance, and enhance market understanding of the company's development strategy and investment value [3] Group 3: Responsibilities and Procedures - The board secretary is directly responsible for the reception work, with the board office handling specific tasks [4] - Reception personnel must possess comprehensive knowledge of the company's operations and financial status, as well as relevant securities and legal knowledge [4] - The company will pause on-site reception activities 15 days prior to regular report disclosures or major announcements [4] Group 4: Communication and Reporting - The company can hold performance briefings, roadshows, and analyst meetings to communicate with investors, limited to publicly disclosed information [4][5] - Any investment value analysis reports or press releases based on the company's research must be communicated to the company before external release [5] - A detailed record of reception activities must be maintained, including participants, time, location, and content [17] Group 5: Compliance and Accountability - Any violation of these regulations by reception personnel or unauthorized individuals that causes significant damage to the company will result in corresponding responsibilities [19] - The company and related information disclosure obligors must report any information leaks immediately to the Shenzhen Stock Exchange [16]

General Overview - The document outlines the internal review system for information release and responses on the Interactive Easy platform by Jiangsu Shentong Valve Co., Ltd, aiming to enhance communication with investors and improve corporate governance [2][5]. Overall Requirements - The company emphasizes the importance of integrity and compliance with regulations when communicating with investors on the Interactive Easy platform [3]. - Information released must be truthful, accurate, complete, and fair, avoiding any misleading or exaggerated language [3][4]. Content Normative Requirements - The company must not disclose any undisclosed significant information and should guide investors to official announcements for such matters [3]. - Responses to investor inquiries must be fair and timely, ensuring that all compliant questions are addressed without selective disclosure [3]. - The company is prohibited from discussing sensitive or confidential information that could harm public interest or violate confidentiality obligations [3]. - Uncertainties and risks associated with the information must be clearly communicated to investors [3]. - The company should avoid engaging with market trends or hot topics in a way that could mislead investors or affect stock prices [3][4]. - Predictions or commitments regarding stock prices are strictly forbidden [4]. Internal Management - The company has established a procedure for internal review of information before it is published or responded to on the Interactive Easy platform, ensuring compliance with legal and regulatory standards [4]. - The board secretary is responsible for overseeing the information release and response process, with input from various departments and external consultants as necessary [4]. Supplementary Provisions - Any matters not covered by this system will be governed by relevant national laws, regulations, and the company's internal rules [5]. - The board of directors is responsible for the formulation, modification, and interpretation of this system, which takes effect upon approval [5].

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on July 21, with a total transaction volume of 1.717 billion yuan across 75 stocks, indicating notable investor interest in specific companies [1]. Group 1: Trading Activity - A total of 75 stocks had block trades, with a total transaction value of 1.717 billion yuan [1]. - The top three stocks by transaction value were SAIC Motor Group (1.57 billion yuan), Tianwei Food (1.55 billion yuan), and Sifang Co., Ltd. (1.07 billion yuan) [1]. Group 2: Pricing Trends - Among the stocks traded, 10 stocks were sold at par value, 5 at a premium, and 60 at a discount [1]. - The stocks with the highest premium rates were Jiangsu Shentong (2.64%), Jindi Group (1.83%), and Minsheng Bank (1.11%) [1]. - The stocks with the highest discount rates were Langke Intelligent (27.09%), Energy Iron Han (25.78%), and Betta Pharmaceuticals (22.86%) [1]. Group 3: Institutional Trading - The top stocks by institutional buying were SAIC Motor Group (1.57 billion yuan), XCMG Machinery (1.04 billion yuan), and Milky Way (77.6 million yuan) [2]. - The top stocks by institutional selling included North Copper Industry (30.9 million yuan), Jindi Group (15.9 million yuan), and New Strong Link (3.5 million yuan) [2].

Industry Overview - The global ball valve market is projected to reach approximately 206.53 billion yuan by 2024, driven by increased industrialization, demand in the oil and gas sector, and a surge in global infrastructure projects [7] - In China, the ball valve market is expected to reach around 29 billion yuan by 2024, reflecting rapid industrial development and urbanization [7][6] - The number of ball valve patents in China from 2016 to 2024 totals 59,993, with notable peaks in 2018, 2019, and 2021, indicating a strong focus on innovation in the sector [6][7] Ball Valve Characteristics - Ball valves are essential fluid control devices in modern industries, particularly in the chemical sector, due to their versatility and ease of operation [4][6] - They can be categorized based on their structure (e.g., floating, fixed, V-type, three-way) and functionality (e.g., high-pressure, low-temperature, sulfur-resistant) [2] Industry Development Status - The ball valve industry has matured over the past 30 years, with a growing emphasis on precision and complexity in industrial production [6] - The increasing complexity of pipeline systems in urban and industrial settings has heightened the importance of valves in fluid control [7] Competitive Landscape - Key players in the domestic ball valve market include Neway Valve, Zhongke Suvalve, Jiangsu Shentong, and others, with Neway Valve leading in terms of product range and revenue [12][15] - Neway Valve's product line includes various types of ball valves, with a production volume of 204,024 units in 2024 [16] Industry Trends - The ball valve industry is moving towards smart technology, with a focus on high precision and sensitivity in control valves, as well as high-pressure and large-diameter cut-off valves [20] - The demand for innovative and reliable ball valves is expected to grow, driven by the evolving industrial landscape and environmental considerations [20]

Group 1 - US tech stocks performed well last Friday, supporting a slight increase in the Nasdaq, which reached a new intraday high. The S&P 500 closed down 0.01%, and the Dow Jones fell 0.32% [1] - Tesla shares rose by 3.2%, while Nvidia increased by over 4.5%, marking an eight-week consecutive rise. Netflix's stock dropped by over 5% following its earnings report [2] - The Chinese concept stock index rose by 0.6%, with notable gains from companies like New Oxygen (up 17.4%), Kingsoft Cloud (up 7.2%), and Tiger Brokers (up over 6.6%). Alibaba's stock increased by 2.5% [3] Group 2 - Gold prices increased by 0.22%. Oil prices experienced a V-shaped reversal, initially rising by about 2% before erasing gains [4] - Former President Trump signed the "Stablecoin Innovation Act," marking the implementation phase of US stablecoin regulatory legislation [4] - Bulish, a company owning a cryptocurrency exchange and media, submitted registration documents to the SEC for a listing on the NYSE [5] Group 3 - Nvidia's H20 inventory is limited, and there are no plans for production resumption. CEO Jensen Huang sold Nvidia stock worth approximately $12.94 million [6] - The Kimi K2 model topped the global open-source model rankings according to LMArena [7] Group 4 - Major domestic events include the commencement of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan [8] - The central enterprise investment in Tibet has been upgraded, with a significant investment rollout [9] - Chongqing's government issued measures to boost consumption, focusing on "AI + consumption" initiatives [9] Group 5 - The Conflux Tree Graph public chain 3.0 is set to launch in August, with strategic partnerships aimed at promoting offshore RMB stablecoin issuance and cross-border settlement [10] - The A-share market outlook is generally positive, with brokerages noting a disparity between upward potential and downward risk [11] - The central government is conducting research on irrational competition in the new energy vehicle industry [12] Group 6 - Yushutech has begun listing guidance, with significant backing from major investors [17] - The discovery of a new rare earth mineral "Neodymium Yellow River Ore" expands resource potential [18] - The robotics sector is seeing growth, with major contracts awarded, including a record procurement order for humanoid robots [17]

江苏神通阀门股份有限公司 股东会议事规则 （经第六届董事会第二十四次会议修订） 第一章 总 则 第一条 为维护江苏神通阀门股份有限公司（以下简称公司）及公司股东的合法权益， 明确股东会的职责权限，提高股东会议事效率，保证股东会依法行使职权，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司股东会规则》、《江苏神通阀门股 份有限公司章程》（以下简称"《公司章程》"）、《上市公司治理准则》以及其 他的有关法律、法规规定，制订本规则。 第二章 股东会的性质和职权 （十三）审议法律、行政法规、部门规章或《公司章程》规定应当由股东会决定 的其他事项。 股东会可以授权董事会对发行公司债券作出决议。 第二条 股东会性质：股东会是公司的最高权力机构。 第三条 股东会依法行使下列职权： （一）选举和更换非由职工代表担任的董事，决定有关董事的报酬事项； （二）审议批准董事会的报告； （三）审议批准公司的利润分配方案和弥补亏损方案； （四）对公司增加或者减少注册资本作出决议； （五）对发行公司债券作出决议； （六）对公司合并、分立、解散、清算或者变更公司形式作 ...

江苏神通阀门股份有限公司 （二）对公司的经营战略包括但不限于产品战略、市场战略、营销战略、研发战 略、人才战略进行研究并提出建议； 战略委员会履行职责时，公司相关部门应给予配合，所需费用由公司承担。 董事会战略委员会工作细则 （经第六届董事会第二十四次会议修订） 第一节 总则 第二节 人员组成 第三节 职责权限 第十二条 战略委员会主要行使下列职权： 第一条 为适应江苏神通阀门股份有限公司（以下简称"公司"）企业发展战略的需要， 保证公司发展规划和战略决策的科学性，增强公司的可持续发展能力，公司根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司治理准则》、 《江苏神通阀门股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 特设立董事会战略委员会，并制订本工作细则。 第二条 战略委员会是董事会按照股东会决议设立的专门工作机构，主要负责对公司长 期发展战略规划、重大战略性投资等重大事项进行可行性研究，向董事会报告 工作并对董事会负责。 第三条 战略委员会所作决议，必须遵守《公司章程》、本工作细则及其他有关法律、法 规的规定。 第四条 战略委员会由五人组成，其中，由公司独立董事担任的委员不 ...