Core Viewpoint - The company, Jiarong Technology, has resumed trading and its stock price has hit a new high, increasing by 20.01% to 39.64 yuan, with a total market capitalization of 4.618 billion yuan. This surge follows the announcement of a plan to acquire 100% of Hangzhou Lanran's shares through a combination of issuing shares and cash payments, along with raising matching funds not exceeding 1 billion yuan [1]. Group 1: Acquisition Details - Jiarong Technology plans to acquire 100% of Hangzhou Lanran from 19 trading parties, including Xiamen Puyu and others, through a combination of share issuance and cash payments [1][2]. - The issuance of shares and cash payments is interdependent; if one fails to receive the necessary approvals, both will not proceed [1]. - The share issuance price for the acquisition is set at 21.16 yuan per share, while the fundraising for matching funds is based on a price of 26.78 yuan per share [2][3]. Group 2: Financial Implications - The funds raised from the share issuance will be used for cash payments related to the acquisition, intermediary fees, taxes, project construction, and working capital for the target company [3]. - The target company, Hangzhou Lanran, reported revenues of 324.25 million yuan, 304.65 million yuan, and 144.29 million yuan for the years 2023, 2024, and the first ten months of 2025, respectively, with net profits of 69.44 million yuan, 69.11 million yuan, and 12.56 million yuan for the same periods [6][7]. Group 3: Control Changes - Following the completion of the transaction, Xiamen Puyu is expected to become the controlling shareholder of Jiarong Technology, with Hu Dianjun anticipated to be the actual controller [2][5]. - The transaction is expected to result in a change of control for the company, although it will not constitute a restructuring listing as the total assets and revenues of the acquired company will not exceed 100% of Jiarong Technology's corresponding metrics [5][6]. Group 4: Business Overview - Jiarong Technology focuses on membrane separation technology, producing specialized membrane materials and equipment, and providing wastewater treatment and resource recycling solutions [5]. - The target company specializes in electrodialysis technology, producing ion exchange membranes and related equipment, contributing to a comprehensive technology matrix for Jiarong Technology [6].

Group 1 - Daqian Ecological announced the resignation of Chairman Zhang Yuan due to personal reasons, affecting his roles in the board and strategic committee [1] - Daqian Ecological, established in October 1988, focuses on urban renewal, rural revitalization, and ecological restoration [1] Group 2 - Haili Biological plans to use up to 500 million yuan of idle funds to invest in financial products issued by banks, brokers, trusts, and fund companies [1] - Haili Biological, founded in July 1981, specializes in in vitro diagnostic reagents and oral tissue repair and regeneration materials [1] Group 3 - Xianglou New Materials' application for a private placement of shares has been accepted by the Shenzhen Stock Exchange [2] - Xianglou New Materials, established in December 2005, is engaged in the research, production, and sales of customized precision stamping new materials [3] Group 4 - Zhuochuang Information has submitted an application for H-share listing to the Hong Kong Stock Exchange [4] - Zhuochuang Information, founded in April 2004, provides market data monitoring, trading price evaluation, industry data analysis, and research [4] Group 5 - Zhongwei Company plans to reduce its shareholding by up to 626,150 shares, representing 1% of the total share capital [5] - Zhongwei Company, established in May 2004, focuses on the research, production, and sales of high-end semiconductor equipment and related products [5] Group 6 - Jiarong Technology intends to raise up to 1 billion yuan through a private placement to acquire 100% of Hangzhou Lanran [6] - Jiarong Technology, founded in February 2005, specializes in membrane separation equipment and high-performance membrane components [6] Group 7 - Dameng Data's director and general manager Pi Yu has had his detention lifted by the local supervisory committee [7] - Dameng Data, established in November 2000, provides various database software, cloud computing, big data products, and related technical services [7] Group 8 - Huayang Co. has launched a 200-ton annual production project for high-performance carbon fiber [8] - Huayang Co., founded in December 1999, is involved in coal production, power generation, and renewable energy technologies [8] Group 9 - Saintno Biological's executives plan to collectively reduce their holdings by up to 37,600 shares, which is 0.024% of the total share capital [9] - Saintno Biological, established in July 2001, focuses on the research, production, and sales of peptide raw materials and formulations [9] Group 10 - *ST Dongyi is in the process of signing a comprehensive technical service agreement worth 635 million yuan [10] - *ST Dongyi, founded in November 1996, provides comprehensive home decoration services [11] Group 11 - Jiangxi Copper is attempting to acquire all shares of London-listed SolGold, with a recent offer of 26 pence per share [12] - Jiangxi Copper, established in January 1997, specializes in copper and gold mining, smelting, and processing [12] Group 12 - China Shenhua's subsidiary has successfully completed a 168-hour trial run of its power generation unit [13] - China Shenhua, founded in November 2004, is involved in coal and electricity production and sales [13] Group 13 - Baile Tianheng's subsidiary has received a milestone payment of 250 million USD from BMS [14] - Baile Tianheng, established in August 2006, focuses on innovative biopharmaceuticals and chemical preparations [14] Group 14 - Yulide's directors plan to reduce their holdings by up to 35,000 shares, representing 0.0313% of the total share capital [15] - Yulide, founded in December 2003, specializes in the research, production, and sales of testing and measuring instruments [15] Group 15 - Aters plans to establish joint ventures with its controlling shareholder to adjust its U.S. market operations [15] - Aters, established in April 2006, focuses on lithium-ion battery separator products and sterile packaging [15] Group 16 - Enjie Co. is planning to acquire 100% of Zhongke Hualian's shares, leading to a stock suspension [16] - Enjie Co., founded in April 2006, specializes in lithium-ion battery separator products and sterile packaging [16] Group 17 - ST Tianrui's controlling shareholder is planning a change in company control, resulting in a stock suspension [16] - ST Tianrui, established in July 2006, focuses on analytical testing instruments and environmental governance [17]

Group 1 - The company, 嘉戎技术, announced a non-public issuance plan to acquire 100% of 杭州蓝然's shares, involving 19 counterparties and raising up to 1 billion yuan through share issuance [1] - The transaction is expected to constitute a major asset restructuring, enhancing the company's capabilities in membrane separation technology [1] - The company specializes in the research, production, and sales of special membrane separation materials and equipment, as well as wastewater treatment services [1] Group 2 - The target company focuses on electrodialysis technology, providing a comprehensive industrial chain from membrane materials to electrodialysis applications, addressing green and low-carbon production needs [2] - The existing pressure-driven membrane technology of the company complements the target's core electrodialysis technology, enhancing capabilities in wastewater resource utilization and fluid separation [2] - This acquisition will enable the company to obtain a full-chain electrodialysis technology, further expanding its technological platform [2]

Group 1: Major Asset Restructuring Announcements - Jia Rong Technology plans to acquire 100% of Hangzhou Lanran through a combination of share issuance and cash payment, with a fundraising target of up to 1 billion yuan [2][3] - Kai Zhong Co. intends to purchase 60% of Anhui Tuosheng's equity, also through share issuance and cash payment, with the transaction expected to constitute a major asset restructuring [4][6] - Both companies' stocks will resume trading on December 1 [1][4] Group 2: Business Focus and Strategic Implications - Jia Rong Technology specializes in membrane separation technology and aims to enhance its capabilities by integrating Hangzhou Lanran's ion exchange membrane technology, thereby expanding into new markets such as lithium battery materials and biomedicine [3][4] - Anhui Tuosheng focuses on automotive rubber-based elastic damping and sealing components, which are critical for improving NVH (Noise, Vibration, Harshness) performance in vehicles, indicating a strategic move to strengthen automotive industry positioning [5][6] Group 3: Changes in Control and Shareholding - After the share transfer, the controlling shareholder of Chao Zhuo Hang Ke will change to Hubei Investment Capital, with the actual controller becoming the Hubei State-owned Assets Supervision and Administration Commission [7][8] - Hua Feng Co. will see its controlling shareholder change to Chen Yun following a share transfer agreement, with a significant portion of shares being transferred at a price of 15 yuan per share [8][9]

Core Viewpoint - The company, 嘉戎技术, plans to acquire 100% of 杭州蓝然 and raise up to 1 billion yuan through a private placement to enhance its technological capabilities and market presence in various sectors [1][3][4]. Group 1: Acquisition Details - 嘉戎技术 intends to purchase 杭州蓝然 through a combination of share issuance and cash payment, with the transaction expected to constitute a major asset restructuring [1][3]. - Following the acquisition, 杭州蓝然 will become a wholly-owned subsidiary, and the investor 厦门溥玉 is anticipated to become the controlling shareholder [1][3]. Group 2: 杭州蓝然 Overview - 杭州蓝然 is a national high-tech enterprise focused on electrodialysis technology, producing ion exchange membranes and related equipment, with applications in various industries including lithium batteries and pharmaceuticals [3][4]. - The company has received multiple awards and holds numerous patents, including 42 invention patents and 63 utility model patents [3][4]. Group 3: Strategic Benefits - The acquisition will allow 嘉戎技术 to build a comprehensive technology matrix, enhancing its ability to provide integrated solutions by combining pressure-driven and electric-driven membrane technologies [4][5]. - This strategic move is expected to facilitate entry into emerging markets such as lithium battery materials and biomedicine, leveraging 杭州蓝然's established customer channels [5].

证券日报网讯11月30日晚间，嘉戎技术（301148）发布公告称，公司第四届董事会第八次会议审议通过 《关于公司发行股份及支付现金购买资产并募集配套资金符合相关法律法规规定的议案》《关于公司发 行股份及支付现金购买资产并募集配套资金方案的议案》《关于 <厦门嘉戎技术股份有限公司发行股份 及支付现金购买资产并募集配套资金预案> 及其摘要的议案》等多项议案。 ...

证券日报网讯11月30日晚间，嘉戎技术（301148）发布公告称，公司于2025年11月27日召开第四届董事 会第八次会议，会议审议通过了《关于 <厦门嘉戎技术股份有限公司发行股份及支付现金购买资产并募 集配套资金预案> 及其摘要的议案》等相关议案。鉴于本次交易涉及的相关审计、评估等工作尚未完 成，公司董事会决定暂不召集公司股东会审议本次交易相关事项。 ...

Major Events - Enjie Co., Ltd. is planning to acquire 100% equity of Zhongke Hualian and will suspend trading starting December 1, 2025 due to uncertainties surrounding the transaction [4] - ST Tianrui's controlling shareholder is planning a change in company control, leading to a trading suspension starting December 1, 2025, expected to last no more than two trading days [5] - Jiarong Technology intends to raise no more than 1 billion yuan through a private placement and acquire 100% of Hangzhou Lanran [6][7] - Baili Tianheng's wholly-owned subsidiary received a milestone payment of 250 million USD from BMS related to a collaboration agreement [8] - Jiangxi Copper is planning to acquire shares of the overseas listed company SolGold Plc, with a non-binding cash offer of 26 pence per share, currently in the informal offer stage [9] - China Shenhua's subsidiary successfully completed a 168-hour trial run of its power generation unit, marking a significant milestone in its expansion project [10] - ST Dongyi faces the risk of bankruptcy due to unsuccessful restructuring efforts, which could lead to stock delisting [11] - Huayang Co., Ltd. has launched a high-performance carbon fiber project with an annual production capacity of 200 tons, applicable in various high-tech fields [12] - Dameng Data's general manager has had his detention lifted by the local authorities [13] Shareholding Changes - Zhongwei Company plans to reduce its stake by no more than 1% through block trading, equating to approximately 6.26 million shares [14] - Yulide's directors plan to collectively reduce their holdings by no more than 0.0313%, totaling up to 35,000 shares [15] - Shengnuo Bio's vice president and a board member plan to reduce their holdings by no more than 0.024%, totaling up to 37,600 shares [16] Major Contracts - Aoride plans to sign a comprehensive technical service agreement with Company X, with a total contract value of approximately 635 million yuan [17]

Company Focus - Enjie Co., Ltd. plans to acquire 100% equity of Zhongke Hualian, leading to a stock suspension [2] - Canadian Solar Inc. and its controlling shareholder plan to establish a joint venture to adjust their U.S. market operations [3] - Jiarong Technology intends to acquire 100% of Hangzhou Lanan, with stock resuming trading [3] Equity Changes - ST Tianrui's controlling shareholder is planning a change in control, resulting in stock suspension [4] Shareholding Changes & Buybacks - Shanghai Chuangtou intends to reduce its stake in Zhongwei Company by no more than 1% [5] Operations & Performance - China Shenhua's subsidiary successfully completed a 168-hour trial run of its power generation unit, transitioning to commercial operation [6] - Baillie Tianheng received a milestone payment of $250 million from Bristol-Myers Squibb for the iza-bren project [7] - Jiangxi Copper is in the informal offer stage to acquire shares of SolGold Plc [8] - Aorede plans to sign a 635 million yuan computing power procurement agreement [9] - Maiwei Bio's clinical research for 9MW1911 shows significant reductions in acute exacerbation rates for COPD patients [10] - Huayang Co. has launched a high-performance carbon fiber project with an annual production capacity of 200 tons [10] Financing & Capital Increase - Ganfeng Lithium plans to issue $100 million in exchangeable notes to the China-Africa Development Fund [11] Stock Price Fluctuations - Tongyu Communications confirmed normal operations amid stock price fluctuations [12] - Rongji Software reported normal operations despite stock price declines [13] Other - Xianglou New Materials' application for a specific stock issuance has been accepted by the Shenzhen Stock Exchange [15] - JinkoSolar received a prepayment of 220 million yuan for a fire incident at its battery workshop [15] - Dameng Data's general manager has had his detention lifted [15] - Dongpeng Beverage has received approval from the CSRC for its overseas listing [16]

Core Viewpoint - The announcement reveals that Jiarong Technology plans to acquire 100% of Hangzhou Luan Technology, which will become its wholly-owned subsidiary, through a combination of share issuance and cash payment, with a fundraising target of up to 1 billion yuan [1][2]. Group 1: Company Overview - Jiarong Technology, listed on the ChiNext in 2022, is a national high-tech enterprise focused on membrane separation technology, providing high-performance separation membrane materials, environmental equipment, and wastewater treatment solutions [1]. - Hangzhou Luan Technology is recognized as a national-level high-tech enterprise specializing in electrodialysis technology, with its core products widely used in high-growth sectors such as lithium batteries, biomedicine, and carbon capture [1][2]. Group 2: Financial Performance - For the first three quarters of 2025, Jiarong Technology reported a net profit attributable to shareholders of 59.3 million yuan, reflecting a year-on-year increase of 12.95% [1]. - Hangzhou Luan has maintained stable operating performance and has been recognized as a "little giant" enterprise, holding over 42 invention patents and 63 utility model patents [2]. Group 3: Strategic Significance - The acquisition is seen as a strategic move to enhance Jiarong Technology's competitiveness and sustainable development capabilities, aligning with national policies on green and low-carbon development [3]. - The transaction is expected to create synergies in research, production, and market operations, thereby driving continuous performance growth for the listed company [2].