Core Viewpoint - The announcement details a capital increase agreement involving Tianhai Hydrogen Energy and its parent company Tianhai Industrial, with a total investment of RMB 290 million aimed at enhancing the company's competitiveness and optimizing its capital structure [1] Group 1: Investment Details - Tianhai Hydrogen Energy will receive a total investment of RMB 290 million from various investors including CRRC Transformation and Upgrade Fund, Huayu High-tech Fund, and others [1] - After the completion of the transaction, Tianhai Industrial will hold approximately 73.54% of Tianhai Hydrogen Energy, while the investors will collectively hold about 26.46% [1] Group 2: Business Focus - Tianhai Hydrogen Energy is primarily engaged in manufacturing environmental protection equipment, general equipment (excluding special equipment), and various other related activities including hydrogen refueling and storage facilities [1] - The company is also involved in the research and development of carbon fiber recycling technology, indicating a focus on sustainable practices [1] Group 3: Strategic Planning - The capital increase project is part of a strategic plan to consolidate the group's hydrogen-related resources, positioning Tianhai Hydrogen Energy as a core platform for capital operations [1] - The initiative aims to attract market resources to support the development of Tianhai Hydrogen Energy, thereby enhancing the company's competitive edge [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 北京京城機電股份有限公司 Beijing Jingcheng Machinery Electric Company Limited （在中華人民共和國註冊成立之股份有限公司） （股份代號：0187） 須予披露交易 有關全資附屬公司增資擴股的視作出售事項 茲提述本公司日期為2025年6月23日之內幕消息公告，內容有關天海氫能（本公司之全資附屬公 司）透過於北京產權交易所公開掛牌引入投資者的方式增資擴股。 於2025年8月29日，天海氫能、天海工業（本公司之全資附屬公司）及投資方訂立增資協議及 補充協議。根據增資協議及補充協議，投資方同意對天海氫能進行增資，代價合共為人民幣 290,000,000元。於視作出售事項完成後，天海工業將持有天海氫能約73.54%股權，而投資方將合 共持有天海氫能約26.46%股權。 視作出售事項完成後，本公司通過天海工業間接持有天海氫能的股權將下降至約73.54%。因此， 根據 ...

Core Viewpoint - Beijing Jingcheng Machinery Electric Company Limited's board of directors approved a capital increase for its wholly-owned subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd., to introduce new investors and sign related agreements [1][2]. Group 1: Meeting Details - The 14th temporary meeting of the 11th board of directors was held on August 29, 2025, with all 11 directors present [1]. - The meeting was chaired by Chairman Li Junjie, and the resolutions passed were in compliance with applicable laws and the company's articles of association [1]. Group 2: Capital Increase and Financing - Tianhai Hydrogen Energy will implement a capital increase based on the total equity value of RMB 806 million, with the share price calculated accordingly [1]. - The financing round introduced 8 investors, raising a total of RMB 290 million, of which RMB 129.53 million will be added to registered capital and RMB 160.47 million to capital reserves [2]. - After the financing, Tianhai Hydrogen Energy's registered capital will change to RMB 489.53 million, with Tianhai Industrial holding 73.54% of the shares, maintaining Tianhai Hydrogen Energy as a controlled subsidiary of the company [2].

Core Viewpoint - Beijing Jingcheng Machinery Electric Company Limited's wholly-owned subsidiary, Tianhai Hydrogen Energy Equipment Co., Ltd., is conducting a capital increase and share expansion to diversify equity and enhance governance structure, raising a total of RMB 290 million from eight investors through public listing [1][3][19]. Group 1: Transaction Overview - The capital increase and share expansion will occur from July 15, 2025, to August 19, 2025, with a maximum target of RMB 300 million [1][3]. - The eight investors include major entities such as CRRC (Qingdao) Manufacturing Transformation Upgrade Private Equity Fund and China Petroleum Group Kunlun Capital Co., Ltd., collectively contributing RMB 290 million [1][3][19]. - Tianhai Industrial Co., Ltd., the parent company, has waived its preemptive rights but will maintain control over Tianhai Hydrogen Energy post-transaction [2][4]. Group 2: Financial Details - The total investment of RMB 290 million will be allocated as follows: RMB 129.53 million will be added to registered capital, and RMB 160.47 million will be allocated to capital reserves [3][10]. - The valuation for this capital increase is based on the company's total equity value of RMB 806 million as of the assessment date [12][19]. Group 3: Investor Information - The investors are private equity funds with significant capital, including CRRC (Qingdao) and China Petroleum, indicating strong institutional interest in the hydrogen energy sector [4][5][6]. - The investment structure allows for a 26.46% equity stake for the new investors post-capital increase [10][19]. Group 4: Regulatory and Approval Process - The transaction has been approved by the company's board and supervisory board, and does not require further shareholder approval [2][4]. - The capital increase is subject to completion of necessary regulatory procedures, including fund settlement and business registration changes [2][19]. Group 5: Strategic Implications - This capital increase is expected to enhance the company's competitiveness and optimize its capital structure, aligning with the interests of all shareholders [19]. - Tianhai Hydrogen Energy will remain a controlled subsidiary, ensuring no changes to the company's consolidated financial reporting scope [2][19].

Core Viewpoint - Shenzhen International (00152) announced that its associate company, Shenzhen Airlines, plans to raise a total of RMB 16 billion through a phased capital increase, in which the group will not participate [1] Group 1: Capital Increase Details - The capital increase will be implemented in two phases. In the first phase, Shenzhen Airlines intends to introduce a new investor through a public listing, with its controlling shareholder, China International Airlines (601111), and the new investor contributing approximately RMB 4.082 billion [1] - Upon completion of the first phase, the group's stake in Shenzhen Airlines is expected to be diluted from 49% to approximately 28.09%, while China International Airlines will maintain a 51% stake, and the new investor will hold no more than 20.91% [1] - The subsequent phase of capital increase will depend on Shenzhen Airlines' funding needs and resolutions from its shareholders' meeting [1] Group 2: Strategic Implications - The group believes that not participating in the capital increase will help concentrate resources on its core business, enhancing focus and management of main operations, and effectively optimizing overall resource allocation efficiency [1] - The decision not to participate in this capital increase is not expected to have any significant impact on the group's normal operations and financial condition [1] - Shenzhen Airlines will continue to be classified as an associate company of the group [1]

Group 1 - The core point of the announcement is that Zhejiang Wuzhou Xinchun Group Co., Ltd. plans to introduce new investors into its wholly-owned subsidiary, Zhejiang Xinchun Aerospace Bearing Co., Ltd., through capital increase and share transfer, aiming to enhance its capital strength and expand its business scale in the aerospace sector [1][9] - After the completion of the share transfer, the registered capital of Xinchun Aerospace will increase from 24.5 million yuan to 32.6667 million yuan, and the company's ownership will decrease from 100% to 57%, maintaining it as a controlling subsidiary [1][5] - The transaction constitutes a related party transaction due to the involvement of Wang Mingzhou, the chairman of the supervisory board of the company, as the executive partner of one of the investors [2][3] Group 2 - The new investors include Tianjin Yunhui Wanchuan Enterprise Management Consulting Partnership, New Changsheng Hang Enterprise Management Partnership, and Hangzhou Qihang New Materials Technology Partnership [1][2] - The financial data of Xinchun Aerospace shows total assets of 438.6 million yuan, net assets of 380.588 million yuan, operating income of 289.839 million yuan, and net profit of 50.108 million yuan [5][6] - The shareholding structure will change post-transaction, with Tianjin Yunhui Wanchuan holding 30%, New Changsheng Hang holding 10%, and Hangzhou Qihang holding 3% of the shares [5][7] Group 3 - The transaction is expected to enhance the capital strength of Xinchun Aerospace, improve its technological research and development capabilities, and promote rapid business development, aligning with the company's strategic planning [9][10] - The company will still hold 57% of Xinchun Aerospace after the transaction, ensuring it remains a controlling subsidiary, and the transaction will not significantly impact the company's financial statements or independence [9][10] - The agreement includes provisions for the distribution of profits based on the proportion of capital contributions and outlines responsibilities for timely capital contributions by the investors [8][9]

Group 1 - The board of directors of Aerospace Electronic Technology Co., Ltd. held its ninth meeting in 2025, where several key resolutions were passed, including the approval of the 2025 semi-annual report and summary [1] - The board also approved a special report on the storage and actual use of raised funds for the first half of 2025, with the voting results showing 3 votes in favor and 5 abstentions due to related party transactions [2] - A resolution regarding the continuous risk assessment of Aerospace Technology Financial Co., Ltd. was also passed, with independent directors conducting a prior review and expressing their consent [2][3] Group 2 - The board approved an investment project for the construction of the Daqiao Flag Unmanned Intelligent System Training Base (Phase I) by Aerospace Times Feihong Testing Technology Co., Ltd., with an investment amount of 199.47 million yuan [4] - A resolution was passed to increase capital and expand shares for Beijing Aerospace Feiteng Equipment Technology Co., Ltd., aiming to raise 49.5 million yuan by introducing a strategic investor [5] - Chongqing Aerospace Rocket Electronic Technology Co., Ltd. plans to raise 230 million yuan through capital increase and share expansion, reducing the company's ownership from 100% to 70.61% [6]

Core Viewpoint - The company plans to raise 230 million yuan through a capital increase and share expansion for its wholly-owned subsidiary, Chongqing Aerospace Rocket Electronic Technology Co., Ltd., to meet funding needs for smart manufacturing and R&D [1][2]. Group 1: Capital Increase Details - Chongqing Aerospace Company will publicly introduce one strategic investor through the Beijing Property Exchange, with a maximum share release of 29.39% [1][3]. - The capital increase does not constitute a related party transaction or a major asset restructuring as defined by regulations [2][3]. - The board of directors approved the capital increase on August 27, 2025, and it does not require shareholder meeting approval [1][2]. Group 2: Company Background - Chongqing Aerospace Company was established in 2006, with a registered capital of 218.83 million yuan, focusing on the R&D and production of telemetry, unmanned aerial vehicle data links, and satellite communication systems [2]. Group 3: Financial Assessment - As of January 31, 2025, the net asset book value of Chongqing Aerospace Company was 462.99 million yuan, while the assessed net asset value was 552.50 million yuan [3]. - The capital increase price is based on the assessed net asset value, with each 1 yuan of registered capital priced at 2.5248 yuan [4]. Group 4: Use of Funds - The 230 million yuan raised will be used for advanced technology research in areas such as measurement and control communication, satellite applications, and smart manufacturing [6]. - The capital increase aims to enhance technical capabilities, expand industry scale and efficiency, and optimize financial indicators [6].

证券代码：000498 证券简称：山东路桥 公告编号：2025-77 山东高速路桥集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 山东高速路桥集团股份有限公司（以下简称"公司"或"本公司"） 第十届董事会第十三次会议于 2025 年 8 月 22 日在公司四楼会议室 以通讯方式召开。会议通知于 3 日前以邮件方式向全体董事、监事、 高级管理人员和纪委书记发出。会议应出席董事 10 人，实际出席董 事 10 人。会议由董事长林存友先生主持，公司监事、高级管理人员 及纪委书记列席会议。会议的召集和召开符合法律、法规及《公司 章程》的有关规定。 二、董事会会议审议情况 审议通过《关于子公司路桥集团公开挂牌增资扩股的议案》 为促进业务发展，提升综合竞争力，公司计划通过山东产权交 易中心公开挂牌方式对全资子公司山东省路桥集团有限公司（以下 简称"路桥集团"）增资扩股引入外部投资者，挂牌增资金额不超过 议通过了《关于子公司路桥集团公开挂牌增资扩股的议案》，具体 内容详见2024年11月23日《中国证券报》《证券时报》《证券日报》 ...

Group 1 - The company held the 11th meeting of the 8th Supervisory Board on August 25, 2025, with all three supervisors present, complying with legal and regulatory requirements [1] - The meeting approved the 2025 semi-annual report and its summary, as well as the special report on the use of raised funds [1] - The Supervisory Board confirmed that the report accurately reflects the company's actual situation and that there were no violations of confidentiality by the supervisors [1] Group 2 - The company is increasing capital in its wholly-owned subsidiary, Xi'an Baotai New Materials Technology Co., Ltd., with an investment of 35 million yuan, while waiving its priority subscription rights [2] - Following the capital increase, the company's shareholding in Xi'an Baotai New Materials will be diluted to 71.08%, changing its status from a wholly-owned subsidiary to a controlling subsidiary within the consolidated financial statements [2] - The transaction aligns with the company's development strategy and is expected to enhance its core competitiveness, with the pricing based on a fair assessment post-approval from the relevant state asset regulatory authority [2]