Core Viewpoint - The report outlines the verification opinions regarding the listing and circulation of strategic placement restricted shares of Chongqing Zhixiang Jintai Biopharmaceutical Co., Ltd. following its initial public offering on the Sci-Tech Innovation Board [1][5]. Summary by Sections 1. Type of Restricted Shares - The company issued 91,680,000 shares during its IPO, with a total share capital of 366,680,000 shares post-IPO. The restricted shares amount to 2,639,915 shares, representing 0.7200% of the total share capital, with a lock-up period of 24 months starting from June 20, 2023 [1][2]. 2. Changes in Share Capital - Since the formation of the restricted shares, there have been no changes in the company's share capital due to profit distribution or capital reserve transfers [2]. 3. Commitments Related to Restricted Shares - The shareholder, Haitong Innovation Securities Investment Co., Ltd., has committed to a lock-up period of 24 months from the IPO date. After the lock-up period, any reduction in shareholding will comply with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange [2][3]. 4. Listing and Circulation of Restricted Shares - The restricted shares will be listed and available for circulation on June 20, 2025. The total number of shares for circulation is 2,639,915, which is the entire amount of strategic placement shares [3][4]. 5. Verification Opinions from the Sponsor - The sponsor, Guotai Junan Securities Co., Ltd., confirms that all commitments made by the restricted share shareholders have been strictly adhered to, and the listing and circulation of the restricted shares comply with relevant regulations [4][5].

Fundraising Overview - The company raised a total of RMB 182,622.31 million from the public offering of 46,245,205 shares at a price of RMB 39.49 per share, with a net amount of RMB 167,009.02 million after deducting fees [1][4] - The company has an excess raised fund of RMB 67,009.02 million [1] Project Investment Status - The company announced the use of raised funds for the "Multimodal Large Model Technology and Application R&D Project," with a total investment of RMB 100,006.17 million allocated for this project [1][2] Change of Project Implementation Location - The implementation location for the "Multimodal Large Model Technology and Application R&D Project" is being changed from Yanqing District to Daxing District, while still maintaining the original location in Haidian District [1][2] - The new location in Daxing District is strategically positioned with ample office space and proximity to key transportation hubs, enhancing operational efficiency and project management [1][2] Impact of Location Change - The change in location aligns with the company's long-term development strategy and does not affect the project's content or the intended use of raised funds [3][4] - The company will adhere to relevant regulations and strengthen supervision over the use of raised funds to ensure legality and effectiveness [3][4] Review and Approval Process - The change in project location was approved by the company's board and supervisory committee, confirming compliance with regulatory requirements [3][4]

Summary of Key Points Core Viewpoint - The company, Hangzhou Aike Technology Co., Ltd., has decided to postpone certain fundraising investment projects due to careful consideration of market conditions and project progress, ensuring that the quality of project implementation is maintained [5][6]. Fundraising Basic Information - The company received approval from the China Securities Regulatory Commission for its initial public offering on January 19, 2021, raising a net amount of 234.6215 million yuan from the issuance of 14.789598 million shares [2][3]. Fundraising Investment Project Status - The adjusted fundraising investment plan includes a total investment of 520 million yuan, with the adjusted fundraising amount for the "Intelligent Equipment Industrialization Base (R&D Center) Construction Project" reduced from 208 million yuan to 65.5 million yuan, maintaining the fundraising input at 55 million yuan [3][4]. Postponement Details - The company has adjusted the expected completion date for the "Intelligent Equipment Industrialization Base (R&D Center) Construction Project" to 2026, while ensuring that the investment purpose and scale remain unchanged [5][6]. Reasons for Postponement - The decision to postpone is based on the need for careful planning and resource allocation in response to market dynamics, aiming to enhance product competitiveness and ensure effective use of funds [5][6]. Measures to Ensure Completion - The company will closely monitor market changes and optimize resource allocation to ensure that the postponed projects are completed on schedule [6]. Impact of Postponement - The postponement will not affect the implementation content or the intended use of the raised funds, and it is aligned with the company's future development needs and shareholder interests [6][7]. Review Procedures - The company's board of directors approved the postponement on June 11, 2025, following necessary decision-making procedures, and the matter does not require shareholder meeting approval [6]. Sponsor's Verification Opinion - The sponsor institution has confirmed that the postponement has been duly approved by the board and complies with relevant regulations, ensuring no harm to shareholder interests [6][7].

Core Viewpoint - The financial advisor, Guotai Junan Securities Co., Ltd., has issued a verification opinion on the detailed equity change report of Honghe Technology Co., Ltd., confirming the legality and compliance of the equity change process and the financial advisor's independence and objectivity [2][3][5]. Group 1: Equity Change Overview - The equity change involves the acquisition of 59,159,978 shares of Honghe Technology, representing 25.00% of the total share capital, by Ruicheng Fund [21][22]. - The total transfer price for the shares is approximately RMB 1,574,998,346.30, at a price of RMB 26.6227 per share [27]. Group 2: Financial Status of the Disclosing Obligor - As of the date of the verification opinion, Ruicheng Fund's total assets are RMB 9,174.14 million, with total liabilities of RMB 836.39 million and total equity of RMB 8,337.75 million [18]. - The net profit for the year 2024 is reported at RMB 2,462.26 million, with a return on equity of 29.53% [18]. Group 3: Compliance and Regulatory Aspects - The disclosing obligor has confirmed that it does not have any direct or indirect holdings in other listed companies that exceed 5% of their issued shares [15][16]. - The disclosing obligor and its controlling shareholder have not undergone any changes in the last two years [17]. Group 4: Future Plans and Governance - The disclosing obligor does not plan to change the main business of the listed company or make significant adjustments within the next 12 months [28]. - There are no plans for major changes to the existing employee structure or significant adjustments to the company's dividend policy following the equity change [30].

Core Viewpoint - The company, Hefei Chipcore Microelectronics Equipment Co., Ltd., plans to implement a differentiated dividend distribution, proposing a cash dividend of 3.70 yuan per 10 shares (including tax) for the fiscal year 2024, based on a total share capital of 131,740,716 shares, adjusted for shares held in the repurchase account [1][2]. Group 1: Reasons for Differentiated Dividend Distribution - The company aims to distribute profits based on the total share capital minus the shares in the repurchase account, resulting in a total cash dividend distribution of approximately 48,567,455.78 yuan (including tax) [1]. - The company will maintain the per-share distribution ratio even if there are changes in total share capital due to convertible bonds, share repurchases, or other corporate actions [2]. Group 2: Calculation Basis for Differentiated Dividend Distribution - The company has completed a share repurchase plan, acquiring shares at an average price of 67.09 yuan per share, with a total expenditure of approximately 30,016,900.65 yuan (excluding transaction fees) [2][3]. - The reference price for ex-dividend trading is calculated using the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio) [3][4]. - The impact of the differentiated dividend on the reference price is minimal, calculated to be approximately 0.00185% [4]. Group 3: Sponsor Institution's Review Opinion - The sponsor institution, Guotai Junan Securities, confirms that the differentiated dividend distribution complies with relevant regulations and does not harm the interests of the company or its shareholders [4].

Core Viewpoint - The company has decided to change the implementation subject of the "UDC Shanghai Project (Phase I)" to its subsidiary, Shanghai Hailan Cloud, and will provide part of the raised funds as a loan to support the project implementation, which aligns with the company's operational needs and resource allocation requirements [1][8][14]. Fundraising Overview - The company raised a total of 730 million yuan through the issuance of convertible bonds, with a net amount of 721.302 million yuan after deducting underwriting fees [2]. - The company has also issued shares to specific investors, raising an additional 294.0189 million yuan after fees [5]. Project Changes - The implementation subject of the "Smart Ocean Technology Center Construction Project" has been changed to a wholly-owned subsidiary, Hainan Ruihai Ocean Technology Co., Ltd., and the project location has shifted from Shenzhen to Sanya, Hainan [3]. - The "Annual Production of Intelligent Ship System and Intelligent Perception System Project" has been renamed to "Undersea Data Center Phase I Project," with changes in the implementation subject and location [3]. - The remaining funds for the "Marine Advanced Sensor Comprehensive Intelligent Operation Platform Project" have had their usage deadline extended from December 2023 to December 2024 [4]. Project Funding Allocation - The total investment for the "Undersea Data Center Phase I Project" is 576 million yuan, with a planned use of 215.118 million yuan from the raised funds [4]. - The "Ship Solid-State Navigation Radar Testing Platform Construction and Industrialization Project" has a planned use of 125.7578 million yuan from the raised funds [4]. Loan Details - The company plans to provide a loan of 122.2575 million yuan to Shanghai Hailan Cloud for the "UDC Shanghai Project (Phase I)," with the loan duration aligned with the project implementation period [8][14]. - The loan will be based on the benchmark interest rate set by the People's Bank of China and is strictly for project implementation purposes [8][14]. Implementation Subject Change Justification - The change in the implementation subject to Shanghai Hailan Cloud is based on its competitive advantages in the undersea data center sector, including proprietary technology and industry standards [11]. - The company aims to leverage the technological support from Shanghai Hailan Cloud to meet green and low-carbon project requirements [12]. Decision-Making Process - The decision to change the project implementation subject and provide the loan was approved by the company's board of directors and supervisory board, ensuring compliance with relevant regulations [15].

国泰海通证券股份有限公司 关于宿迁联盛科技股份有限公司差异化分红事项的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 宿迁联盛科技股份有限公司（以下简称"公司"、"上市公司"或"宿迁联盛"） 的保荐机构，根据《中华人民共和国公司法》 《中华人民共和国证券法》 《证券发 行上市保荐业务管理办法》《上市公司股份回购规则》和《上海证券交易所上市 公司自律监管指引第 7 号——回购股份》等有关规定，对宿迁联盛 2024 年年度 利润分配所涉及的差异化分红（以下简称"本次差异化分红"）相关事项进行了 审慎核查，核查情况及核查意见如下： 一、本次差异化分红的原因 《关于以集中竞价交易方式回购股份方案的议案》，同意公司使用自有资金通过 集中竞价交易方式进行股份回购，回购股份将用于股权激励或员工持股计划，回 购股份的资金总额不低于人民币 2,500 万元（含），不超过人民币 5,000 万元（含）， 回购股份的价格不超过人民币 16.19 元/股（含），回购股份的期限自董事会审议 通过本次回购股份方案之日起 12 个月内。公司因实施 2023 年度权益分派调整了 回购股份价格上限，自 2024 ...

Group 1 - The report discusses the temporary management of the convertible bonds issued by Zhejiang New Zhonggang Thermal Power Co., Ltd., including the adjustment of the conversion price for the "Xingang Convertible Bonds" [1][2] - The total issuance amount of the convertible bonds is RMB 369.135 million, with a face value of RMB 100 per bond, and the bonds have a term of six years from March 8, 2023, to March 7, 2029 [2][4] - The initial conversion price is set at RMB 9.18 per share, which is subject to adjustments based on various corporate actions such as stock dividends and cash distributions [2][4][6] Group 2 - The conversion price has been adjusted from RMB 8.85 per share to RMB 8.67 per share due to the company's profit distribution for the year 2024, effective from June 12, 2025 [5][6] - The bondholders will have the option to convert their bonds into shares starting from September 14, 2023, until the maturity date, with the conversion process temporarily suspended during the rights registration period [2][6] - The report emphasizes that the rights distribution and conversion price adjustments comply with legal regulations and do not adversely affect the company's operational and debt repayment capabilities [6][7]

Group 1 - The report from Guotai Junan Securities indicates that starting from June 2024, there will be a significant decline in building materials demand, primarily due to the pressure from local government debt in developed regions [1] - The glass processing sector shows resilience, with leading companies having high competitive barriers, advantageous valuations, and dividends, indicating a continuous value recovery [1] - In the fiberglass sector, long-term contract price increases are gradually being implemented, with leading companies having a higher sales proportion in high-end roving and electronic yarn, which enhances demand and market structure [1]

Core Viewpoint - The company has received approval for its initial public offering and has successfully raised a total of RMB 924.23 million, with all funds received by September 5, 2023, which will be utilized for specific investment projects [1][2]. Summary of Fundraising Situation - The company has been authorized by the China Securities Regulatory Commission to issue shares, raising RMB 924.23 million, net of issuance costs [1]. - The funds have been confirmed by Tianjian Accounting Firm through a verification report [1]. Summary of Investment Projects - The main investment project involves the expansion of a production line for electric heating components, with a total investment of RMB 892.69 million and a planned fundraising amount of RMB 759.73 million [2]. - The project for producing 5 million units of heating management systems for new energy vehicles has a new implementation location added in Jiangshan, Zhejiang Province, while the total investment and fundraising amounts remain unchanged [2][3]. New Implementation Location Details - The new implementation site for the heating management system project is located at No. 9, Ruzhu Road, Fuzhu Garden Village, Sidu Town, Jiangshan City, Zhejiang Province [3]. - The original implementation locations included sites in Hangzhou, Zhejiang Province, and Sriracha District, Thailand [3]. Reasons and Impact of New Implementation Location - The addition of the new implementation site is aimed at improving operational efficiency and resource integration, aligning with the company's long-term strategic planning [4]. - The change does not alter the investment direction or project content, ensuring no adverse effects on project implementation or shareholder interests [4]. Review Procedures for New Implementation Location - The proposal for the new implementation site has been approved by the company's board and supervisory board, following necessary review procedures [5]. - The company is committed to adhering to regulatory requirements regarding the management and use of raised funds [5]. Special Opinions on New Implementation Location - The supervisory board supports the new implementation site, stating it aligns with the company's development strategy and does not affect project implementation or shareholder interests [5]. - The sponsoring institution has confirmed that the new implementation site complies with relevant regulations and does not constitute a substantial change in the investment project [5].