Core Viewpoint - The stock of Jiamei Packaging is set to resume trading on January 12, 2026, after a suspension due to a significant increase in stock price attributed to a change in control of the company [1][3]. Group 1: Stock Performance - Jiamei Packaging experienced a stock price increase of 230.48% from December 17, 2025, to January 6, 2026, with 11 out of 13 trading days resulting in price limits [2][5]. - As of January 6, 2026, the stock closed at 15.07 CNY per share, giving the company a total market capitalization of 15.147 billion CNY [4][5]. Group 2: Change in Control - On December 16, 2025, Jiamei Packaging announced that its controlling shareholder, China Food Packaging Co., Ltd. (referred to as "Zhongbao Hong Kong"), signed a share transfer agreement with Suzhou Zhuyue Hongzhi Technology Development Partnership [4][5]. - Zhuyue Hongzhi plans to acquire 54.9% of Jiamei Packaging's shares at a price of 4.45 CNY per share, totaling approximately 2.28 billion CNY [4][5]. Group 3: Regulatory Compliance and Financial Commitments - Zhuyue Hongzhi has deposited a guarantee amounting to at least 20% of the total offer price (approximately 207.81 million CNY) into a designated bank account as per the regulations [2][5]. - The funds for the acquisition will come from Zhuyue Hongzhi's own and self-raised funds, with the latter still pending approval [2][5]. Group 4: Lock-up Period and Future Commitments - According to regulations, shares acquired by Zhuyue Hongzhi will not be transferred for 18 months following the completion of the registration [6]. - Zhuyue Hongzhi and its partners have committed not to transfer their holdings for 36 months post-transaction, while the new actual controller, Yu Hao, will maintain control for 60 months [6].

Core Viewpoint - The stock of Jia Mei Packaging (Chuzhou) Co., Ltd. will resume trading on January 12, 2026, after a significant price increase of 230.48% from December 17, 2025, to January 6, 2026, which led to a temporary suspension for investigation due to abnormal trading fluctuations [2][4]. Group 1: Stock Trading and Suspension - The stock price of Jia Mei Packaging increased by 230.48% during the period from December 17, 2025, to January 6, 2026, prompting the company to apply for a trading suspension to investigate the abnormal fluctuations [2][4]. - The stock will resume trading on January 12, 2026, following the completion of the investigation [4][12]. Group 2: Control Change and Share Transfer - The controlling shareholder, China Food Packaging Co., Ltd., signed a share transfer agreement with Suzhou Zhuyue Hongzhi Technology Development Partnership to transfer 279,255,722 shares, representing 29.90% of the company’s total shares after excluding repurchased shares [19][20]. - Following the transfer, the actual controller will change to Mr. Yu Hao, and the company will issue a partial tender offer for an additional 233,491,406 shares at a price of RMB 4.45 per share [20][21]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of RMB 2,039.24 million, a year-on-year decrease of 1.94%, and a net profit attributable to shareholders of RMB 39.16 million, down 47.25% year-on-year [7]. Group 4: Business Operations - The company confirmed that its main business activities remain normal, with no significant changes or undisclosed major information affecting its operations [3][5]. - The company’s main business continues to focus on the research, design, production, and sales of food and beverage packaging containers, with no plans for major adjustments in the next 12 months [14]. Group 5: Market Valuation - As of January 6, 2026, the stock closed at RMB 15.07 per share, with a static P/E ratio of 80.76 and a P/B ratio of 6.25, indicating a significant divergence from industry averages of 40.05 for P/E and 2.94 for P/B [15].

Core Viewpoint - The significant increase in the stock price of Jia Mei Packaging is attributed to the change in control of the company, with a new major shareholder, Zhu Yue Hong Zhi, set to acquire 54.9% of the shares at a price of 4.45 yuan per share, totaling approximately 2.28 billion yuan [1][2]. Group 1: Stock Performance - Jia Mei Packaging experienced a stock price increase of 230.48% from December 17, 2025, to January 6, 2026, leading to a closing price of 15.07 yuan per share and a total market capitalization of 15.147 billion yuan [1]. - The stock was suspended from trading on January 7, 2026, for verification due to the significant price increase that diverged from the company's fundamentals [1]. Group 2: Share Transfer Agreement - The share transfer agreement involves Zhu Yue Hong Zhi acquiring 54.9% of Jia Mei Packaging's shares, with the total transaction value being approximately 2.28 billion yuan [1]. - As of the announcement date, Zhu Yue Hong Zhi has deposited a guarantee amounting to at least 20% of the total offer price, which is approximately 20.78 million yuan, into a designated bank account [2]. Group 3: Commitment and Restrictions - Zhu Yue Hong Zhi has committed not to transfer the shares acquired in this transaction for 18 months following the completion of the registration [3]. - Additionally, Zhu Yue Hong Zhi and its partners have pledged not to transfer their partnership interests for 36 months post-transaction, while the new actual controller, Yu Hao, will maintain control for 60 months [3]. Group 4: Business Status - Following the stock trading suspension, Jia Mei Packaging confirmed that there have been no significant changes in its main business and no undisclosed major information that could impact the stock price [5].

Core Viewpoint - The control change of ST Keli Da (603828) has been revealed after a five-day trading suspension, with strategic shareholder Shanghai Yingzhong Intelligent Technology Co., Ltd. becoming the indirect controlling shareholder of the company. The stock price is expected to double by 2025 [1]. Group 1: Control Change Details - On January 9, ST Keli Da announced that shareholders of its controlling shareholder, Keli Da Group, plan to transfer 100% of Keli Da Group's shares to Yingzhong Intelligent. If the transfer is completed, Keli Da Group will remain the controlling shareholder, while Yingzhong Intelligent will become the indirect controlling shareholder [3]. - The indirect controlling shareholder Yingzhong Intelligent previously invested in ST Keli Da as a strategic investor, and one of the new controllers, Liu Chunjian, has already joined the board of directors of the listed company [4]. - Following the completion of the share transfer, Yingzhong Intelligent will hold 5.03% directly and, through Keli Da Group, will indirectly hold 1.12 billion shares (18.74% of total shares), totaling 1.42 billion shares (23.77% of total shares) [4]. Group 2: Financial Aspects - The total transaction price for the 100% equity transfer of Keli Da Group is set at 325 million yuan, funded by Yingzhong Intelligent's self-raised capital, including support from its controlling shareholder, Shanghai Yingzhong Information Technology Group Co., Ltd. [5]. - Yingzhong Intelligent was established in August 2022, primarily engaged in the retail of computer software and hardware. As of the end of Q3 2025, the company reported total assets of 57.36 million yuan and a net asset of 872,100 yuan, with a high debt ratio of 98.48% [5]. - For the first three quarters of 2025, Yingzhong Intelligent reported revenue of 1.34 million yuan and a net loss of 366,100 yuan [5]. Group 3: Company Performance and Risks - ST Keli Da's main business involves the design and construction of building curtain walls and decorative engineering, which has been under pressure due to the downturn in the real estate market. The company has reported a continuous net loss for four consecutive years from 2021 to 2024 [6]. - As of the first three quarters of 2025, the company's net profit after deducting non-recurring items was -143 million yuan, indicating ongoing losses [6]. - The current controlling shareholders have committed to returning any funds occupied by Keli Da Group within ten working days if such issues arise, and the proceeds from the share transfer will be prioritized for repaying the occupied funds [6].

Group 1 - The company, Guangzhou Yichang Technology Co., Ltd., is undergoing a change in control as its major shareholder, Gaojin Technology Industry Group Co., Ltd., has signed a share transfer agreement with Chuzhou Weiran Technology Development Partnership (Limited Partnership) to transfer 104,198,900 shares, representing 25.33% of the company's total shares, for a consideration of 850 million RMB [1][2] - The Chuzhou Municipal Government's State-owned Assets Supervision and Administration Commission has approved the acquisition of control over Yichang Technology by Chuzhou Weiran Technology Development Partnership, which will be established by Chuzhou Urban Investment Holding Group Co., Ltd. for this purpose [2] - The completion of this equity change is subject to approvals from the State Administration for Market Regulation and the Shenzhen Stock Exchange, as well as necessary legal and regulatory requirements [3] Group 2 - The company will hold an investor briefing on January 9, 2026, to communicate details regarding the change in control and the share transfer agreement, allowing investors to engage with company representatives [6]

Core Viewpoint - Zhejiang Fenglong Electric Co., Ltd. (hereinafter referred to as "the Company") has experienced significant stock price fluctuations, with a cumulative closing price deviation exceeding 20% over two consecutive trading days, indicating abnormal trading activity [2][5]. Group 1: Stock Performance and Market Position - The Company's stock has been on a continuous rise, with a total of nine consecutive trading days of price increases from December 25, 2025, to January 8, 2026, significantly deviating from the market index [2][11]. - As of January 8, 2026, the Company's closing price was 46.42 yuan per share, with a static price-to-earnings (P/E) ratio of 2208.41 and a price-to-book (P/B) ratio of 10.67, which are substantially higher than the industry averages of 42.12 for P/E and 3.94 for P/B [2][11]. Group 2: Business Operations and Future Plans - The Company's main business remains focused on the research, production, and sales of garden machinery parts, automotive parts, and hydraulic parts, with no significant changes reported [3][12]. - The Company has signed a share transfer agreement with UBTECH Robotics Corp., which will result in a change of control, but there are no immediate plans to alter the main business operations or undertake significant asset restructuring within the next 12 months [3][4][12]. Group 3: Financial Performance - The Company reported a net profit of -7.04 million yuan for the fiscal year 2023, with an expected net profit of 4.59 million yuan for 2024, indicating a potential recovery [6][13]. - The Company is currently undergoing financial accounting for the 2025 annual report, which is expected to be disclosed by April 28, 2026 [13].

Group 1 - The actual controllers of Baomo Co., Ltd. are planning a change in control, with specific plans yet to be finalized and signed, indicating uncertainty in the process [2] - The change in control comes less than two years after the current controllers, Luo Xiaolin and Han Ming, took over the company [2] - The company's stock price has shown significant volatility, with a cumulative increase of 42.11% from December 12, 2025, to January 6, 2026, followed by a decline of 3.45% on January 7, 2026, resulting in a market value of approximately 4.63 billion yuan [2] Group 2 - Baomo Co., Ltd. is a leading supplier of polyacrylamide, a key raw material for enhanced oil recovery and water treatment, indicating its significant role in the fine chemical and environmental water treatment industries [3] - For the first three quarters of 2025, the company reported revenues of 453 million yuan and a net profit of 37.87 million yuan, reflecting year-on-year growth of 17.29% and 62.06%, respectively [3]

Core Viewpoint - The company, Suzhou Kolid Decoration Co., Ltd., is undergoing a significant change in control as its major shareholder, Suzhou Kolid Group Co., Ltd., plans to transfer 100% of its equity, which represents 18.74% of the company's total share capital, potentially leading to a change in the company's control structure [2][3]. Group 1 - The shareholders of Kolid Group, Gu Yiming, Gu Longdi, Gu Jia, and Lu Chongming, intend to transfer their 100% stake in Kolid Group [2][3]. - The transfer will affect 111,677,942 unrestricted circulating shares held by Kolid Group, which constitutes approximately 18.74% of the company's total share capital [2][3]. - The company has applied for a trading suspension effective January 5, 2026, to ensure fair information disclosure and protect investor interests during this period of uncertainty [3][4]. Group 2 - The company anticipates that it will not be able to resume trading on January 7, 2026, and has applied for an extension of the trading suspension, which is expected to last no more than three trading days [3][4]. - During the suspension, the company will adhere to legal and regulatory requirements for information disclosure and will issue timely announcements regarding the progress of the control change [4]. - Investors are advised to pay attention to subsequent announcements regarding this matter due to its inherent uncertainties [5].

Core Viewpoint - The actual controller of Dengyun Co., Ltd., Yang Tao, has been arrested for illegal public deposit absorption, but the company's operations remain normal and unaffected by this incident [1][3]. Group 1: Company Operations - Dengyun Co., Ltd. specializes in manufacturing automotive components, primarily automotive valves, and reported a loss in the first three quarters of 2025 [2]. - The company generated total revenues of 5.44 billion yuan in 2023 and 5.11 billion yuan in 2024, with automotive parts revenue close to 4.49 billion yuan and 4.19 billion yuan respectively [5]. - Despite positive net profits in 2023 and 2024, the company reported a net loss of 2.68 million yuan in the first three quarters of 2025, a decline of 123.83% year-on-year, even with a revenue increase of nearly 8% to 4.06 billion yuan [5]. Group 2: Shareholder and Control Changes - Yang Tao was arrested on December 25, 2025, for illegal public deposit absorption, and this event may lead to changes in the company's controlling shareholder and actual controller if the frozen shares are executed and transferred [1][3][4]. - The controlling shareholder, Yike Zhengrun Investment Group, holds approximately 23.04% of the shares, but 14.51 million shares are currently frozen due to various court applications [3]. - If all frozen shares are executed, the shares held by the controlling shareholder would decrease from 31.79 million to 17.30 million, potentially changing the control dynamics of the company [4].

Group 1 - The actual controller of Dongyun Co., Yang Tao, has been arrested for illegal public deposit collection, but the company's operations remain normal [2][4] - Dongyun Co. has previously announced multiple instances of judicial freezing of shares held by its controlling shareholder [2][4] - If the frozen shares are enforced and transferred, it may lead to a change in the company's controlling shareholder and affect control stability [2][5] Group 2 - Dongyun Co. specializes in automotive parts manufacturing, primarily producing automotive valves, and reported losses in the first three quarters of 2025 [3][6] - The company is the first A-share listed company in the valve sector, with its main revenue still derived from valve sales [7] - In 2023 and 2024, Dongyun Co. reported total revenues of 544 million yuan and 511 million yuan, respectively, with automotive parts revenue close to 449 million yuan and 419 million yuan [7] - Despite positive net profits in 2023 and 2024, the company reported a net loss of 2.68 million yuan in the first three quarters of 2025, a decline of 123.83% year-on-year [7]