Core Viewpoint - The company has established a comprehensive system for the management and use of raised funds to enhance efficiency and protect investors' rights, in compliance with relevant laws and regulations [1][2][3]. Fund Management - The raised funds refer to money obtained through the issuance of stocks or other equity-like securities for specific purposes, excluding funds raised for equity incentive plans [2]. - The board of directors is responsible for continuously monitoring the storage, management, and use of raised funds to prevent risks and improve efficiency [3]. - Raised funds must be stored in a special account approved by the board, and cannot be used for non-designated purposes [4][5]. Fund Usage - The use of raised funds must strictly adhere to the promised investment projects, ensuring that funds are used specifically for their intended purposes [11]. - The company must disclose the actual use of raised funds accurately and completely, and any significant deviations from the planned use must be announced promptly [12][13]. - Funds cannot be used for financial investments or to provide benefits to controlling shareholders or related parties [14][15]. Changes in Fund Usage - Any changes in the use of raised funds require board approval, and if the changes are significant, they must also be submitted for shareholder approval [27][28]. - The company must provide detailed reasons for any changes in the investment projects and ensure that new projects align with the company's main business [30][31]. Oversight and Reporting - The financial center is responsible for overseeing the use of raised funds and maintaining detailed records of expenditures [33][34]. - An internal audit department must conduct semi-annual checks on the management and use of raised funds, reporting findings to the audit committee [35][36]. - A special report on the management and use of raised funds must be submitted to the stock exchange within two trading days after board approval [37][38].

Core Viewpoint - The Ministry of Finance has issued a notification to enhance the long-cycle assessment mechanism for state-owned commercial insurance companies, emphasizing the establishment of a three-year assessment framework to promote stable long-term investments [1][10][11]. Group 1: Long-Cycle Assessment Mechanism - The new assessment mechanism increases the weight of long-cycle evaluations for net asset return rate and capital preservation and appreciation rate to 70% over three and five years [1][11]. - The assessment will now include a combination of annual, three-year, and five-year indicators for net asset return rate, with respective weights of 30%, 50%, and 20% [11][12]. - The adjustment aims to reduce the impact of market volatility on annual performance evaluations, encouraging long-term, value-oriented, and stable investments [11][12]. Group 2: Impact on Investment Behavior - The long-cycle assessment is expected to shift investment decisions from short-term profit-seeking to long-term stable layouts, enhancing rationality and coherence in investment behavior [13]. - It is anticipated that the new mechanism will increase the proportion of equity investments by insurance funds, optimizing the structure of capital market investors and reducing speculative behavior [13][14]. - The focus on long-term investments will direct insurance funds towards industries aligned with national strategies, providing stable funding for technological innovation and industrial upgrades [13][14]. Group 3: Industry Response and Future Outlook - Major state-owned insurance companies have expressed support for the notification, indicating it will help them leverage their long-term capital advantages and increase equity investment ratios [14][18]. - The insurance sector is expected to see a significant increase in A-share investment ratios, with predictions suggesting it could rise to over 15% by 2025, potentially injecting substantial liquidity into the market [16][17]. - The notification encourages insurance companies to adopt a long-term perspective in asset appreciation and return, aligning with the industry's high-quality development trends [17][18].

财政部再度发文 进一步加 强国有商业 保险公司 长周期考核 的通知 ①ROE 和资本保值增值率 均改为"当年+3年+5年"周期考核 ②人身险 公司 近五年ROE13.7% 大公司的盈利，稳定且高 ③2025年一季度 险企股票投资增长16% 举牌20次，包括工行、招行等 消息一出，市场纷纷表示，这是利好，也是确保长钱敢投的基础，为什么这么说呢？ 其实，经历过近几年，受利率下行和资本市场震荡影响下的行业发展，大家自然知道， 不少寿险公司的净利润，也是波动幅度较大。 再加上，新准则执行后更易受市场影响，业内人士纷纷表示，在当前的环境下，要更关 注险企的长期经营能力。 1 财政部再度发文 调整国有商业险企考核 改为"当年+3年+5年"长周期考核 1. 财政部：再度发文，调整国有商业险企考核！ 近年来，作为长期资本和耐心资本的典型代表之一，保险资金的动向备受市场关注。 今日，财政部下发《关于引导保险资金长期稳健投资 进一步加强国有商业保险公司长周 期考核的通知》。 国有商业保险公司，自开展2025年度绩效评价工作开始执行。 因此，昔日仅考核当年的盈利能力，包括净资产收益率（ROE）等指标，并不利于保险 资金发挥长期资本 ...

Core Points - The article outlines the regulations and procedures for managing related party transactions at Guangdong Saiwei Microelectronics Co., Ltd, aiming to prevent the misuse of company funds by related parties [2][3] - The company establishes a long-term mechanism to protect the rights and interests of the company, shareholders, and other stakeholders [2][3] Group 1: Related Party Transactions Management - The company defines related parties and transactions according to the Shanghai Stock Exchange's rules and relevant accounting standards [2][3] - The company prohibits various forms of fund occupation by related parties, including operational and non-operational fund occupation [2][3] - The board of directors and senior management are responsible for maintaining the safety of company funds and must act diligently according to laws and company regulations [3][4] Group 2: Prevention Mechanisms - The company must maintain independence in assets, personnel, finance, and operations from related parties [3][4] - The finance department is tasked with daily prevention and self-inspection of fund occupation by related parties [3][4] - Internal audits will be conducted regularly to check for fund occupation and report findings to the audit committee [3][4] Group 3: Approval and Payment Procedures - Related party transactions must be approved by the board of directors, with significant transactions requiring shareholder approval [4][3] - The finance department must verify payment documents against company regulations before processing payments to related parties [4][3] - Any violations of these procedures by directors or senior management will result in administrative penalties and potential legal action [4][3]

Core Viewpoint - The market's unpredictability is emphasized, highlighting that no prediction system is perfect, and the essence of the market lies in its inherent uncertainty [1]. Group 1: Market Overview - The market experienced a rollercoaster effect today, with the stock market initially rising over 1% before retreating in the afternoon [3][4]. - The bond market showed cautious sentiment, with the 10-year government bond yield fluctuating around 1.66% [3]. - The central bank conducted a 7-day reverse repurchase operation of 847 billion yuan, with a net injection of 507 billion yuan after 340 billion yuan matured [1]. Group 2: Financial Data - The weighted rates for various repurchase agreements are as follows: R001 at 1.40% (up 2 basis points), R007 at 1.51%, and R014 at 1.55% [2]. - The total transaction volume for repurchase agreements was 77,268.99 billion yuan, reflecting a decrease of 3,946.29 billion yuan [2]. - The bond market's performance indicates a "see-saw" effect with the stock market, as bond funds continued to experience net redemptions [2][3]. Group 3: Demographic and Economic Insights - A significant demographic trend is noted, with an average annual decrease of 10 million in the labor population from 2022 to 2036, leading to concerns about pension fund depletion by 2035 [4]. - Investors suggest that a prolonged bull market could provide a solution to demographic challenges, while bond investors express a preference for lower interest rates to enhance returns [4].

精进电动科技股份有限公司 前次募集资金使用情况报告 根据中国证券监督管理委员会《监管规则适用指引——发行类第 7 号》规 定，精进电动科技股份有限公司（以下简称"公司"）对截至 2025 年 3 月 31 日 止的前次募集资金使用情况报告如下： 一、前次募集资金基本情况 （一）实际募集资金金额和资金到位时间 经中国证券监督管理委员会《关于同意精进电动科技股份有限公司首次公 开发行股票注册的批复》（证监许可〔2021〕2821号）核准，本公司向境内投 资者首次公开发行人民币普通股（A股）147,555,000股，每股股票面值为人民 币1.00元，增加注册资本人民币147,555,000.00元。本次公开发行股票每股发 行价格为13.78元，募集资金总额为人民币2,033,307,900.00元，扣除保荐及承 销费用、审计验资费用、律师费用、信息披露费用、印花税及发行手续费等费 用共计人民币178,570,973.36元后，实际募集资金净额为人民币 （特殊普通合伙）予以验证并出具信会师报字2021第ZB11473号验资报告。 募集资金到账后，公司对募集资金进行了专户存储，并与保荐机构、存放 募集资金的银行签署了募 ...

Group 1 - The A-share market experienced significant volatility, with a peak increase of 45 points that was later erased, resulting in the longest upper shadow line of the year, indicating uncertainty in market direction [1] - The analysis suggests that the three main driving forces for the market remain intact: U.S. monetary easing, potential relaxation in the domestic real estate sector, and declining interest rates [2][3] - The domestic real estate sector is expected to see a positive impact from potential policy relaxations, which could stabilize the market and benefit related stocks [2][3] Group 2 - The recent adjustment in the banking sector, which saw a decline of 1.91%, was a significant factor in the market's volatility, but the long-term outlook remains positive due to supportive policies for insurance companies [3][4] - New regulations for insurance companies allow for a longer evaluation period of 3 to 5 years, reducing the pressure to achieve short-term performance and encouraging long-term investments in the A-share market [4][6] - The potential increase in insurance funds' investment in the A-share market could lead to an influx of approximately 3.5 trillion yuan, significantly stabilizing the market [7][8]

Meeting Overview - The second meeting of the fourth board of directors of Jiangsu Huahai Chengke New Materials Co., Ltd. was held on July 11, 2025, with all six directors present [1] - The meeting was chaired by Chairman Han Jianglong and complied with relevant laws and regulations [1] Resolutions Passed - The board approved the draft report on issuing shares, convertible bonds, and cash for asset acquisition, along with the fundraising plan [2][3] - The board confirmed the pricing basis and fairness of the transaction [2] - The board approved the independence of the evaluation agency and the reasonableness of the evaluation assumptions [2] - The board approved the audit report and asset evaluation report related to the transaction [2] Transaction Details - The company plans to acquire 70% equity of Hengsu Huawai Electronics Co., Ltd. from 13 counterparties through issuing shares, convertible bonds, and cash [3][4] - The market value of the target company was assessed at 1.658 billion yuan, with an increase of 1.265086 billion yuan compared to the consolidated financial statements [4] - The total transaction price for the 70% equity is set at 1.12 billion yuan [4] Fundraising Plan - The company intends to raise funds through a private placement to no more than 35 specific investors, with the total amount not exceeding 100% of the asset purchase price [5][20] - The funds will be used for cash consideration, related taxes, intermediary fees, project construction, and to supplement the target company's working capital [20][22] - If the fundraising is insufficient, the company will cover the shortfall with self-raised funds [6][20] Issuance of Shares and Bonds - The shares issued will be ordinary shares with a par value of 1 yuan, listed on the Shanghai Stock Exchange [6][19] - The issuance price will be based on 80% of the average stock price over the 60 trading days prior to the pricing date [7][19] - The convertible bonds will have a face value of 100 yuan, with a maturity of four years and an interest rate of 0.01% per annum [10][12] Lock-up Period and Transfer Restrictions - Shares obtained through this transaction will be locked for 12 months post-issuance [9][14] - The convertible bonds will also have a lock-up period of 12 months from the issuance date [11][15] Validity of Resolutions - The resolutions related to this transaction will be valid for 12 months from the date of approval by the shareholders' meeting [18][22]

本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 （一）亿嘉和科技股份有限公司（以下简称"公司"）第四届监事会第四次 会议于 2025 年 7 月 11 日以现场方式召开，会议由监事会主席唐丽萍女士主持。 （二）本次会议通知于 2025 年 7 月 6 日以邮件、电话方式向全体监事发出。 （三）本次会议应出席监事3名，实际出席监事3名。公司总经理汪超先生、 副总经理郝俊华先生、副总经理兼董事会秘书张晋博先生、财务总监王立杰先生 列席了会议。 （四）本次会议的召集、召开符合《公司法》《公司章程》及其他相关法律 法规的规定，会议决议合法有效。 二、监事会会议审议情况 证券代码：603666 证券简称：亿嘉和 公告编号：2025-033 亿嘉和科技股份有限公司 第四届监事会第四次会议决议公告 事会的公告》（公告编号：2025-035）。 表决结果：同意 3 票；反对 0 票；弃权 0 票。 本议案尚需提交股东大会审议。 （二）审议通过《关于使用闲置自有资金进行现金管理的议案》 经审议，监事会认为：在不影响公司日 ...

Core Viewpoint - The article outlines the measures and regulations established by Jilin Yalian Development Technology Co., Ltd. to prevent the misuse of company funds by controlling shareholders and related parties, ensuring the protection of the company's financial interests and compliance with relevant laws and regulations [1][2][3]. Group 1: General Principles - The purpose of the system is to standardize financial transactions between the company and its controlling shareholders and related parties, establishing a long-term mechanism to prevent fund occupation [1]. - Related parties include natural and legal persons as defined by the listing rules and the company's related transaction management system [1]. - Fund occupation encompasses both operational and non-operational fund occupation, with specific definitions provided for each type [1]. Group 2: Prohibitions and Responsibilities - The controlling shareholders and related parties are prohibited from using their control or relationships to harm the company's interests [2]. - The company must not provide funds directly or indirectly to controlling shareholders and related parties through various means, including covering expenses or lending funds [3][4]. - Company directors and senior management are legally obligated to maintain the safety of company funds [2][4]. Group 3: Preventive Measures - The company must establish a long-term mechanism to prevent non-operational fund occupation by controlling shareholders and related parties [4]. - Regular checks and audits of financial transactions with controlling shareholders and related parties are mandated to ensure compliance [4][5]. - Independent directors are required to review financial transactions and report any irregularities to the board [5]. Group 4: Accountability and Penalties - The board of directors must take effective measures against controlling shareholders and related parties if they infringe upon company assets or harm shareholder interests [5][6]. - Disciplinary actions, including warnings and potential legal consequences, are outlined for directors and senior management who facilitate fund occupation [6][7]. - The company is responsible for reporting any fund occupation incidents to regulatory authorities and must develop a debt recovery plan [5][7].