Core Points - Constellation Software Inc. held its annual general shareholders' meeting on May 13, 2025, where all nine nominees for the board of directors were elected [1] - The voting results showed high approval rates for the nominees, with the highest percentage being 99.63% for Donna Parr and the lowest being 84.52% for John Billowits [1] - Notably, several directors, including Dexter Salna and Robin Van Poelje, did not stand for re-election, and the company expressed gratitude for their contributions [1] Voting Results Summary - Jamal Baksh received 95.93% approval with 15,262,903 votes for and 648,145 votes withheld [1] - Lawrence Cunningham achieved 98.49% approval with 15,671,300 votes for and 239,747 votes withheld [1] - Mark Leonard had 99.51% approval with 15,833,383 votes for and 77,664 votes withheld [1] - Donna Parr received 99.63% approval with 15,851,934 votes for and 59,114 votes withheld [1] - John Billowits had the lowest approval at 84.52% with 13,448,304 votes for and 2,462,743 votes withheld [1]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - General Motors (GM) and LG Energy Solution are set to commercialize a new lithium manganese-rich (LMR) square battery cell technology for future electric trucks and full-size SUVs, aiming to be the first automaker to deploy LMR batteries in electric vehicles [1] Group 1 - GM and LG Energy Solution's joint venture, Ultium Cells, plans to start commercial production of LMR square battery cells in the U.S. by 2028, with trial production expected at LG's factory by the end of 2027 [1] - The newly developed LMR square battery cell is reported to achieve a 33% increase in energy density compared to the best-performing lithium iron phosphate (LFP) battery cells, while maintaining similar cost levels [1]

Financial Statements and Approvals - Agfa-Gevaert's Annual General Meeting approved the 2024 financial statements, allocation of the result, remuneration report, remuneration policy, and discharge of directors and statutory auditor [1] - Shareholders made available all share premiums to allow the Board of Directors to offset incurred losses [2] Auditor Appointment - PwC Bedrijfsrevisoren BV/PwC Réviseurs d'Entreprises SRL was appointed as the statutory auditor responsible for the assurance of the stand-alone and consolidated sustainability information of the company [2] Company Overview - The Agfa-Gevaert Group is a prominent player in imaging technology and IT solutions with over 150 years of experience, operating in three divisions: Radiology Solutions, HealthCare IT, and Digital Print & Chemicals [3] - In 2024, the Group achieved a turnover of 1,138 million euro [3]

Core Insights - General Motors is set to introduce a new lithium manganese-rich (LMR) prismatic battery technology aimed at reducing costs and enhancing profitability for its electric SUVs and trucks [1][2] - The new battery technology is expected to be implemented in full-size electric vehicles like the Chevrolet Silverado and Escalade IQ starting in 2028 [2] - The LMR batteries will utilize more abundant and less expensive minerals such as magnesium, reducing reliance on cobalt and nickel, which are currently used in GM's EV batteries [2] Group 1 - The LMR battery technology is anticipated to improve range, safety, energy efficiency, and charging capabilities of electric vehicles [3] - GM's vice president of battery, propulsion, and sustainability, Kurt Kelty, described the LMR battery as a "game-changing" solution for electric trucks, offering premium range and performance at an affordable cost [3] - GM aims to be the first to market with this technology, following Ford Motor's announcement of similar LMR battery plans before 2030 [3]

Core Insights - General Motors (GM) has introduced a new battery chemistry called lithium-manganese-rich (LMR), which aims to reduce costs while providing a driving range of over 400 miles in their trucks [1][3] - The LMR technology will significantly decrease the reliance on nickel and cobalt, which are critical minerals not readily available in the U.S. [2] Cost and Range Analysis - The Chevrolet Silverado EV currently uses nickel-manganese-cobalt (NMC) cells, achieving a range of 492 miles but starting at a price of over $73,000. A version with lithium-iron-phosphate (LFP) cells will reduce the price by $6,000 but lower the range to 350 miles. LMR technology aims to maintain price reductions while minimizing range loss [3] - The new LMR cells will contain 0-2% cobalt, 30-40% nickel, and 60-70% manganese, making them cheaper than current NMC cells, which contain up to 10% cobalt and 80% nickel [4] Manufacturing and Design Innovations - LMR battery packs will utilize prismatic cells instead of pouch cells, allowing for a battery pack design with over 50% fewer parts, leading to significant cost savings [7] - GM has invested billions in battery manufacturing through its joint venture with LG Energy Solution, focusing on LMR technology for the past decade [9][10] Market Strategy and Future Plans - GM plans to integrate LMR technology across its electric vehicle lineup, positioning LFP for entry-level vehicles and NMC for high-range applications [8] - The company has produced approximately 300 large-format cells, equating to around 1.5 million miles of testing, with a target to scale production by 2028 [11][12]

Group 1 - Avita Technology has applied for the trademarks "Avita Super Drive" and "Avita Force World," currently in substantive examination status [1] - General Motors has appointed Sterling Anderson, co-founder of autonomous truck company Aurora, as the global product executive vice president, effective June 2 [2] - A mysterious test vehicle resembling the Model Y has been spotted at Tesla's Giga Texas factory, potentially indicating the testing phase of a more affordable model set to launch in the first half of 2025 [3] Group 2 - BYD's new SUV model "Titan 7" has been revealed through spy photos, maintaining a rugged design similar to the Leopard 5 and Leopard 8, featuring a laser radar on the roof and optional storage box at the rear [4]

Core Viewpoint - Qifu Technology, Inc. is set to hold its annual general meeting (AGM) on June 30, 2025, to discuss several key resolutions including a name change and re-appointment of auditors [1][4]. Group 1: AGM Details - The AGM will take place at 10:00 a.m. on June 30, 2025, in Shanghai, China [1]. - The agenda includes changing the company's English name from "Qifu Technology, Inc." to "Qfin Holdings, Inc." [1]. - The company plans to adopt an amended and restated memorandum and articles of association [1]. - Deloitte Touche Tohmatsu Certified Public Accountants LLP is proposed to be re-appointed as the auditor until the next AGM [1]. - Mr. Xiangge Liu is up for re-election as a director of the company [1]. Group 2: Shareholder Information - The record date for Class A ordinary shares is set for May 27, 2025, Hong Kong time, allowing holders to attend and vote at the AGM [2]. - Holders of American Depositary Shares (ADSs) must provide voting instructions to The Bank of New York Mellon to exercise their voting rights [3]. Group 3: Company Overview - Qifu Technology is recognized as a leading AI-empowered Credit-Tech platform in China, offering a range of technology services to financial institutions and consumers [5]. - The company utilizes advanced machine learning models and data analytics to enhance the loan lifecycle, including borrower acquisition and credit assessment [5]. - Qifu Technology aims to make credit services more accessible and personalized for consumers and SMEs through its Credit-Tech services [5].

Group 1: Global Automotive Market Overview - In Q1 2025, global automotive sales reached 22.64 million units, a 5% increase year-on-year, surpassing 2019 levels [2] - New energy vehicle (NEV) sales reached 4.46 million units, with a penetration rate rising from 13% in 2022 to 19% [2] - The Chinese market holds nearly 70% of the global NEV market share, intensifying competition among automakers [2] Group 2: Traditional Automakers Performance - A series of consumer stimulus policies led to a positive start for the automotive industry in Q1 2025, with many companies reporting net profit growth [3] - BYD, SAIC Motor, Great Wall Motors, and Changan Automobile accounted for over 70% of total revenue among listed automakers, with their net profits making up over 90% of the total net profit of 25 A-share listed companies [3] Group 3: BYD's Strong Growth - BYD achieved revenue of 170.36 billion yuan, a 36.35% year-on-year increase, and net profit of 9.15 billion yuan, up 100.38% [4] - BYD's sales exceeded 1 million units in Q1, marking a 59.81% increase year-on-year [4] - R&D expenses reached 14.22 billion yuan, accounting for 8.35% of total revenue [4] Group 4: SAIC Motor's Recovery - SAIC Motor sold 945,000 vehicles in Q1, a 13.3% increase, with NEV sales reaching 272,900 units, up nearly 30% [5] - The company reported revenue of 140.86 billion yuan, a slight decline of 1.55%, and net profit of 3.02 billion yuan, up 11.4% [5] Group 5: Changan Automobile's Performance - Changan's net profit reached 1.353 billion yuan, a 16.81% increase, while its non-recurring net profit surged 601.31% to 783 million yuan [5] - The company delivered 705,200 vehicles, a 2% increase, with NEV sales growing 62% to 87,000 units [5] Group 6: Geely's Profit Forecast - Geely expects Q1 net profit between 5.2 billion to 5.8 billion yuan, a year-on-year increase of 220% to 270% [6] - The company reported total sales of 946,600 units, a 31% increase, with NEV sales reaching 339,200 units, up 135% [6] Group 7: Great Wall Motors' Struggles - Great Wall Motors reported revenue of 40.02 billion yuan, a 6.63% decline, and net profit of 1.751 billion yuan, down 45.6% [6] - The company’s overall sales fell 6.73% to 256,800 units, with significant declines in several brands [7] Group 8: GAC Group's Decline - GAC Group's Q1 sales totaled 371,200 units, down 9.42%, with NEV sales declining 6.46% to 66,800 units [8] - The company reported revenue of 19.879 billion yuan, a 7.82% decline, and a net loss of 731 million yuan [8] Group 9: New Energy Vehicle Startups - New energy vehicle startups are increasingly focused on achieving profitability, with companies like Li Auto and Zeekr making significant strides [10][11] - Li Auto delivered 92,900 vehicles in Q1, while Zeekr reported a 162.1% increase in deliveries to 87,600 units [10][11] Group 10: International Automakers' Challenges - International automakers face challenges from tariffs and declining profits, with Volkswagen reporting a 37% drop in operating profit [16][17] - Mercedes-Benz and BMW also experienced significant profit declines, with net profits down 43% and 26.4%, respectively [17][18] Group 11: General Motors' Performance in China - General Motors reported a 53.2% increase in NEV sales in China, maintaining a positive growth trend in the market [19] - Despite challenges, GM's Chinese operations achieved profitability in Q1 [19] Group 12: Tesla's Declining Profitability - Tesla's Q1 automotive revenue fell 19.6% to $13.967 billion, with net profit down 71% [20] - The company's global vehicle deliveries reached approximately 336,700 units, the lowest since Q4 2022 [20]

Group 1 - BYD reported a value of 1583.74 with a decrease of 10.36, indicating a decline in performance [2] - Ferrari's value stands at 867.42, showing a slight decrease of 2.7 [2] - Volkswagen experienced an increase of 7.49, reaching a value of 570.91 [2] - Mercedes-Benz reported a value of 565.48, with a significant increase of 19.12 [2] Group 2 - BMW's value is 560.88, reflecting an increase of 12.66 [3] - Porsche's value is 483.99, with an increase of 7.2 [3] - General Motors reported a value of 476.97, showing a notable increase of 20.28 [3] - Mahindra Automotive's value is 438.87, with an increase of 17.33 [3] - Honda's value stands at 435.85, reflecting an increase of 6.48 [3] - Ford's value is 419.53, with an increase of 10.75 [3] - Hyundai's value is 337.81 [3] - Tata Motors reported a value of 312.69, with an increase of 5.35 [3] - Stellantis' value is 301.59, reflecting an increase of 18.43 [3] - Li Auto's value is 284.75, with an increase of 17.55 [3] - SAIC Motor's value stands at 267.71, reflecting an increase of 2.73 [3] - Kia's value is 263.74, with an increase of 3.1 [3] - Suzuki's value is 245.79, showing an increase of 10.9 [3] - Geely's value is 240.91, reflecting a decrease of 4.67 [3] - Great Wall Motors reported a value of 239.73, with a slight decrease of 0.1 [3] - Xpeng Motors' value is 202.01, reflecting an increase of 14.25 [3] Group 3 - Renault's value is 153.69, with a slight increase of 0.73 [4] - Changan Automobile reported a value of 150.77, reflecting a minor decrease of 0.24 [4] - Subaru's value stands at 140.06, with an increase of 4.92 [4] - GAC Group's value is 115.22, reflecting an increase of 0.99 [4] - NIO's value is 94.59, with an increase of 5.18 [4] - VinFast Auto reported a value of 87.71, reflecting an increase of 0.7 [4] - Nissan's value stands at 84.45, with an increase of 2.62 [4] - Zeekr's value is 73.18, reflecting an increase of 1.78 [4]