New Stock Issuance - Hai'an Group (Stock Code: 001233) issued at a price of 48.00 on November 14, 2025[1] - Hangzhou Qilun B (Stock Code: 200771) has a cash option declaration period from November 19 to November 25, 2025[1] - Hailianxun (Stock Code: 300277) has a buyback request declaration period from November 12 to November 18, 2025[1] Market Alerts - Pingming Technology (Stock Code: 688109) reported severe abnormal fluctuations on November 13, 2025[1] - ST Yuancheng (Stock Code: 603388) and ST Zhongzhu (Stock Code: 600568) also reported abnormal fluctuations on November 11, 2025[1] - ST Green Kang (Stock Code: 002868) and Dongbai Group (Stock Code: 600693) reported abnormal fluctuations on November 14, 2025[1] Additional Information - Multiple companies including ST Meigu (Stock Code: 000615) and ST Xiangyu (Stock Code: 600107) have ongoing announcements related to stock performance and market conditions[1][2] - The report includes links to detailed announcements for each stock, providing transparency and access to further information for investors[1]

New Stock Issuance - Cash option declaration period for Hangzhou Steam Turbine (200771) is from November 19 to November 25, 2025[1] - Acquisition request period for Hailianxun (300277) is from November 12 to November 18, 2025[1] Trading Alerts - Severe abnormal fluctuation reported for Haike Xinyuan (301292) on November 11, 2025[1] - Abnormal fluctuation noted for ST Yuancheng (603388) on November 11, 2025[1] Company Announcements - Announcement for Tianji Co., Ltd. (002759) on November 13, 2025[1] - Announcement for Huatong Technology (688109) on November 13, 2025[1] Other Notable Events - ST Meigu (000615) reported on November 13, 2025[1] - ST Zhongdi (000609) reported on November 13, 2025[1]

Core Points - The announcement details the cash option distribution for dissenting shareholders of Hangzhou Steam Turbine Power Group Co., Ltd. (杭汽轮) in relation to its merger with Hangzhou Hailianxun Technology Co., Ltd. [2][6][27] - The cash option allows dissenting shareholders to choose cash compensation instead of shares in the merged entity, with a specified exercise price of 7.54 HKD per share [4][15][26] - The stock of Hangzhou Steam Turbine will be suspended from trading starting November 5, 2025, and will enter the cash option distribution and exercise phase [2][5][26] Summary by Sections Merger Approval and Cash Option - The merger plan was approved at the second extraordinary general meeting of shareholders on June 6, 2025, and received regulatory approval on September 2025 [2][3] - Dissenting shareholders will be provided with a cash option to protect their interests, with Hangzhou Capital acting as the cash option provider [2][3][26] Cash Option Eligibility and Conditions - Eligible dissenting shareholders must have voted against the merger and held their shares continuously until the cash option implementation date [3][8] - The cash option will be distributed based on the number of shares held, with a total of 33,079,662 cash options to be issued [12][26] Cash Option Exercise Details - The cash option can be exercised between November 19 and November 25, 2025, during specified trading hours [4][17] - The closing price of Hangzhou Steam Turbine's stock on November 4, 2025, was 13.30 HKD, representing a 76.39% premium over the cash option exercise price [5][6] Cash Option Processing and Settlement - The cash option exercise will be conducted manually, and shareholders must submit the required documentation during the exercise period [19][20] - After successful exercise, the cash option provider will pay the cash compensation within 10 working days [23][26] Company and Financial Stability - Hangzhou Capital, the cash option provider, is a state-owned investment platform with a registered capital of 10 billion CNY, indicating strong financial capability [26][27]

New Stock Issuance - The stock code 300277 (Hai Lian Xun) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 688353 (Hua Sheng Lithium) reported severe abnormal fluctuations on November 11, 2025[1] - Stock code 603122 (He Fu China) has an announcement dated November 8, 2025[1] Trading Alerts - Stock code 601888 (China Zhong Mian) has an announcement dated November 12, 2025[1] - Stock code 600537 (Yi Jing Guang Dian) has an announcement dated November 12, 2025[1] - Stock code 688028 (Wo Er De) has an announcement dated November 12, 2025[1] Abnormal Fluctuations - Stock code 600815 (Xia Gong Co.) reported abnormal fluctuations on November 6, 2025[2] - Stock code 603557 (ST Qi Bu) reported abnormal fluctuations on November 7, 2025[3] - Stock code 002478 (Chang Bao Co.) reported abnormal fluctuations on November 7, 2025[3]

Core Viewpoint - Hailianxun is implementing a share swap merger with Hangzhou Turbine Power Group Co., Ltd, and has issued buyout rights to dissenting shareholders [1] Group 1: Transaction Details - Hailianxun has distributed a total of 22,098 buyout rights to dissenting shareholders who voted against the merger proposal at the shareholders' meeting [1] - The buyout rights have an exercise price of 9.35 yuan per share, with the underlying security being Hailianxun's A-shares, stock code 300277 [1] - The buyout rights are provided by Hangzhou State-owned Capital Investment Operation Co., Ltd, which will acquire the shares from dissenting shareholders and pay cash compensation [1] Group 2: Buyout Rights Application Process - The application period for the buyout rights is from November 12, 2025, to November 18, 2025, at 15:00 [1] - Dissenting shareholders must submit a confirmation of exercise and relevant documentation, including identification, securities account information, and proof of shareholding, within the specified timeframe [1] - Application materials can be submitted via email or postal service to the company's board of directors [1]

证券代码：300277 证券简称：海联讯 公告编号：2025-077 杭州海联讯科技股份有限公司 本公司已向异议股东派发收购请求权。获得收购请求权且在申报期间（2025 年 11 月 12 日-2025 年 11 月 18 日 15:00）履行有效申报程序的异议股东可以按照本 公 司的 规定 申报 行 使收 购请 求 权。 具 体内 容详 见同 日 刊登 在巨 潮 资讯 网 （http://www.cninfo.com.cn）的《关于公司换股吸收合并杭州汽轮动力集团股份有 限公司收购请求权实施的提示性公告》。 停牌期间，公司将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，每五个交易日发布一次有关事项的进展公告。公司指定的信息披露媒体是 《中国证券报》《证券时报》和巨潮资讯网（http://www.cninfo.com.cn），公司所有 信息均以在上述指定媒体刊登的为准。敬请广大投资者关注相关公告并注意投资 风险。 特此公告。 杭州海联讯科技股份有限公司 2025 年 11 月 11 日 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。 特别提示：本公司 ...

证券代码：300277 证券简称：海联讯 公告编号：2025-076 杭州海联讯科技股份有限公司 关于公司换股吸收合并杭州汽轮动力 集团股份有限公司收购请求权实施的提示性公告 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。 特别提示：由于本公司股票目前交易价格高于收购请求权行权价格，投资者 行使收购请求权将可能导致亏损，敬请投资者谨慎决策。 重要提示： 1、公司股票（股票代码：300277）自 2025 年 11 月 5 日开市起停牌，直至收 购请求权申报期结束并履行相关信息披露义务后复牌。本公司异议股东收购请求 权股权登记日为 2025 年 11 月 4 日。 2、本公司已向收购请求权股权登记日收市后登记在册的异议股东派发收购请 求权，本次共计派发 22,098 份收购请求权。 3、获得收购请求权的异议股东可在申报期间（2025 年 11 月 12 日-2025 年 11 月 18 日 15:00）以其所持有的本公司股票按照 9.35 元/股的价格全部或部分申报行 使收购请求权，相应将其持有的本公司股票过户给收购请求权提供方杭州资本。 持有以下股份的登记在册 ...

New Stock Issuance - Nant Technology (920124) issued shares at a price of 8.66 on November 11, 2025[1] - The acquisition request period for Hailianxun (300277) is from November 12 to November 18, 2025[1] Market Alerts - ST Yuancheng (603388) reported severe abnormal fluctuations on November 11, 2025[1] - ST Erlang (600107) and ST Lvkang (002868) also reported abnormal fluctuations on November 11, 2025[1] Recent Announcements - Multiple companies including Hefu China (603122) and Huasheng Lithium Battery (688353) made announcements on November 11, 2025[1] - Significant announcements were made by Jiangbolong (301308) and Furi Shares (002083) on November 10, 2025[1] Additional Information - The report includes links to detailed announcements for various companies, indicating ongoing market activities and potential investment opportunities[1]

证券代码：300277 证券简称：海联讯 公告编号：2025-075 杭州海联讯科技股份有限公司 关于公司换股吸收合并杭州汽轮动力 集团股份有限公司收购请求权实施公告 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。 特别提示：由于本公司股票目前交易价格高于收购请求权行权价格，投资者 行使收购请求权将可能导致亏损，敬请投资者谨慎决策。 重要提示： 1、公司股票（股票代码：300277）自 2025 年 11 月 5 日开市起停牌，直至收 购请求权申报期结束并履行相关信息披露义务后复牌。本公司异议股东收购请求 权股权登记日为 2025 年 11 月 4 日。 2、2025 年 11 月 7 日，本公司向收购请求权股权登记日收市后登记在册的异 议股东派发收购请求权，本次共计派发 22,098 份收购请求权。 3、获得收购请求权的异议股东可在申报期间（2025 年 11 月 12 日-2025 年 11 月 18 日 15:00）以其所持有的本公司股票按照 9.35 元/股的价格全部或部分申报行 使收购请求权，相应将其持有的本公司股票过户给收购请求权提供方杭州资本。 ...

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。 特别提示：由于本公司股票目前交易价格高于收购请求权行权价格，投资者 行使收购请求权将可能导致亏损，敬请投资者谨慎决策。 重要提示： 1、本次换股吸收合并方案已经海联讯于 2025 年 6 月 6 日召开的 2025 年第一 次临时股东会审议通过，并于 2025 年 9 月获得中国证券监督管理委员会（证监许 可［2025］2141 号）同意注册的批复。 2、为充分保护海联讯全体股东的利益，本次交易将向海联讯异议股东提供收 购请求权，并由杭州资本担任本次交易收购请求权的提供方。在海联讯收购请求 权实施股权登记日登记在册的异议股东，可以在收购请求权申报期自行选择就其 持有的海联讯股票全部或部分申报行使收购请求权。同时，行使海联讯收购请求 权的异议股东将相对应的股份过户到相关收购请求权提供方的名下，该等行使收 购请求权的异议股东无权再就申报行使收购请求权的股份向海联讯或任何同意换 股吸收合并的海联讯股东主张权利。 3、公司股票（股票代码：300277）自 2025 年 11 月 5 日开市起停牌，直至收 购请求权申报期结 ...