Group 1 - The proposed transfer involves the transfer of 108 million domestic shares (approximately 33.79% of the total issued share capital) from China Baoyuan Investment Co., Ltd. to China National Nuclear Corporation (CNNC) [1][2] - After the proposed transfer, CNNC will directly hold 108 million domestic shares (approximately 33.79% of the total issued share capital) and indirectly hold an additional 128 million domestic shares (approximately 40.04% of the total issued share capital) through various subsidiaries, totaling 236 million domestic shares (approximately 73.83% of the total issued share capital) [1][2] Group 2 - Following the proposed transfer, China Baoyuan will no longer be a shareholder of the company, while CNNC will remain the ultimate controlling shareholder [2] - CNNC is positioned as a national leader in nuclear technology application, which is expected to enhance the company's status, influence, and core competitiveness in technology innovation and market expansion [2]

Core Viewpoint - China Tongfu (01763.HK) announced a proposed transfer of 108,085,353 domestic shares (approximately 33.79% of the total issued share capital) from its controlling shareholder, China Baoyuan Investment Co., Ltd., to its ultimate controlling shareholder, China National Nuclear Corporation (CNNC) [1] Group 1 - After the proposed transfer, CNNC will directly hold 108,085,353 domestic shares (approximately 33.79% of the total issued share capital) and will indirectly hold an additional 128,064,880 domestic shares through its subsidiaries, totaling 236,150,233 domestic shares, which represents approximately 73.83% of the total issued share capital post-transfer [1] - CNNC is recognized as a national leader in nuclear technology applications, and its brand influence and industry background are expected to significantly enhance the company's position, influence, and core competitiveness in technology innovation and market expansion [1] - The support from CNNC will enable the company to play a more critical role, undertake more significant responsibilities, and have a more pronounced impact in the industry [1]

Group 1 - Xiamen Tungsten New Energy Materials Co., Ltd. announced the transfer of 80% equity of Fujian Metallurgy (Holding) Co., Ltd. to Fujian Industrial Holding Group Co., Ltd. by the Fujian Provincial State-owned Assets Supervision and Administration Commission [2] - The equity transfer is part of the restructuring to establish Fujian Industrial Holding Group as a provincial enterprise, as per the notification from the Fujian Provincial Government [2] - After the transfer, Fujian Industrial Holding Group will indirectly control 60.43% of the voting rights of Xiamen Tungsten New Energy, becoming its indirect controlling shareholder [3] Group 2 - Fujian Industrial Holding Group was established on May 27, 2025, with a registered capital of 800 million yuan and is fully owned by the Fujian Provincial State-owned Assets Supervision and Administration Commission [3] - The establishment of Fujian Industrial Holding Group will not change the controlling shareholder or actual controller of Xiamen Tungsten New Energy, which remains Xiamen Tungsten Co., Ltd. and the Fujian Provincial State-owned Assets Supervision and Administration Commission, respectively [3] - The acquisition complies with the regulations that exempt it from the requirement to issue a tender offer under the Management Measures for the Acquisition of Listed Companies [3]

Core Viewpoint - Fujian Rong Technology (603327) announced that the Fujian State-owned Assets Supervision and Administration Commission will transfer its 80% stake in Fujian Metallurgy to the Provincial Industrial Control Group without any financial compensation, resulting in the Provincial Industrial Control Group indirectly holding equity in Fujian Rong Technology and becoming its indirect controlling shareholder [1] Summary by Relevant Sections - The acquisition does not involve any payment and complies with Article 63 of the "Measures for the Administration of the Acquisition of Listed Companies," which allows for exemption from making an offer [1] - After the acquisition, the Provincial Industrial Control Group will indirectly control 65.72% of the voting rights of Fujian Rong Technology, while the company's controlling shareholder and actual controller remain unchanged [1]

Core Viewpoint - The announcement indicates that the controlling shareholder of China Cinda Asset Management Co., Ltd. has undergone a change, with the Ministry of Finance transferring its entire stake to Central Huijin Investment Ltd. [1] Group 1: Shareholder Change - The change in controlling shareholder has received approval from the National Financial Regulatory Administration [1] - Following the transfer, the actual controller of the company will shift from the Ministry of Finance to Central Huijin Investment [1] Group 2: Disclosure and Compliance - The relevant matters have been disclosed on the Shanghai Stock Exchange website [1] - The company will continue to monitor the approval process from financial regulatory authorities and fulfill its information disclosure obligations in a timely manner [1]

Core Viewpoint - The indirect controlling shareholder of Standard Shares, Shan Gu Group, plans to transfer 100% of the equity of its controlling shareholder, Standard Group, to Gongtou Group without compensation. This transfer aims to optimize resource allocation, reduce management costs, and improve operational efficiency [1] Group 1 - The equity transfer will not change the controlling shareholder or the actual controller of the company, which will remain Standard Group and the State-owned Assets Supervision and Administration Commission of Xi'an Municipal People's Government, respectively [1] - The transfer is part of a strategy to enhance the company's resource management and operational effectiveness [1]