Core Viewpoint - The company plans to raise up to 283 million yuan through a simplified procedure for issuing A-shares to specific investors, aimed at funding quantum-resistant cryptography technology and trusted data space platform development, as well as supplementing working capital [1][2][3]. Group 1: Background and Purpose of the Issuance - The issuance is driven by the increasing importance of information security in China, supported by a robust legal framework including the Cybersecurity Law and Data Security Law, which has led to heightened investments in information security across various sectors [1][2]. - The rise of quantum computing poses significant threats to traditional cryptographic methods, necessitating the development of quantum-resistant algorithms to safeguard sensitive information [1][2][3]. Group 2: Investment Projects and Strategic Alignment - The funds raised will be allocated to projects that align with national policies and the company's strategic goals, focusing on enhancing technical capabilities in data security to meet the urgent needs of government, military, and financial sectors [2][3][4]. - The company aims to leverage its expertise in cryptography to capitalize on the growing demand for data security solutions, thereby improving its market competitiveness and expanding its business scope [3][4]. Group 3: Necessity and Feasibility of the Issuance - The issuance is deemed necessary to support the company's long-term strategic objectives, maintain a healthy capital structure, and reduce financial risks [4][5]. - The choice of issuing A-shares to a limited number of specific investors is compliant with regulatory requirements and is considered an appropriate financing method for the company's current stage [5][6]. Group 4: Financial Impact and Shareholder Considerations - The issuance may lead to a temporary dilution of earnings per share and return on equity due to the increase in total shares outstanding, but it is expected to enhance the company's financial strength and operational scale in the long run [13][14][15]. - The company has committed to measures to mitigate the impact of share dilution on immediate returns for shareholders, including strict management of the raised funds and adherence to regulatory guidelines [21][22][23].

Core Viewpoint - The company, Koal Software Co., Ltd., plans to issue A-shares through a simplified procedure targeting specific investors, with a total fundraising amount not exceeding 283 million RMB, aimed at enhancing its capabilities in the data security sector, particularly in quantum-resistant cryptography [9][12][19]. Group 1: Issuance Details - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other eligible entities, with the final issuance amount determined based on subscription quotes [14][15]. - The total amount raised will not exceed 30% of the company's total share capital prior to the issuance and will be capped at 20% of the company's net assets as of the end of the previous fiscal year [17]. - The shares issued will have a lock-up period of six months post-issuance, during which they cannot be transferred [18]. Group 2: Fund Utilization - The net proceeds from the issuance will be allocated to projects, including the industrialization of quantum-resistant cryptography technology, which has a total investment of 160.28 million RMB [19][23]. - The company plans to use the funds to enhance its technological capabilities in data security, addressing the urgent needs of sectors such as government, military, and finance [12][23]. - If the actual net proceeds are less than the planned investment amount, the company will adjust the investment projects based on urgency and necessity [19][22]. Group 3: Industry Context - The issuance is positioned within the broader context of increasing investments in information security, driven by the implementation of laws such as the Cybersecurity Law and the Data Security Law in China [10][12]. - The global market for quantum-resistant cryptography is expected to grow significantly, with projections indicating a compound annual growth rate of approximately 72.64% from 2024 to 2030 [27]. - The company aims to leverage its existing technological expertise and customer relationships to capitalize on the growing demand for quantum-resistant solutions in various critical sectors [26][27].

Fundraising Plan - The company plans to raise a total of up to 283 million yuan through a simplified procedure for issuing A-shares to specific targets, with the net proceeds intended for various projects [1][2]. Project Necessity and Feasibility - The first project focuses on the industrialization of anti-quantum cryptography technology, with a total investment of 160.28 million yuan, aimed at enhancing the company's competitiveness in the information security sector and addressing urgent demands from key industries such as government, military, and finance [2][4]. - The project is crucial for countering the disruptive impact of quantum computing on existing encryption systems, as quantum technology poses significant threats to data security [2][3]. - The company has been actively involved in the development of anti-quantum cryptography since 2018, establishing a solid foundation for the commercialization of these technologies [6][7]. Market Potential - The global anti-quantum cryptography market is projected to grow rapidly, reaching approximately 15.008 billion dollars by 2030, with a compound annual growth rate of about 51.97% from 2024 to 2035 [7][8]. - The company is well-positioned to capitalize on this growth due to its established customer base and brand value in critical sectors such as government and finance [8]. Additional Projects - A second project involves the development of a trusted data space platform, with an investment of 89.35 million yuan, aimed at facilitating secure data circulation in key sectors like finance and education [9][10]. - The trusted data space initiative aligns with national strategies to enhance data marketization and is expected to create new business growth points for the company [12][13]. Financial Impact - The fundraising will enhance the company's capital strength, leading to an increase in total assets and net assets, while reducing the debt-to-asset ratio [16]. - The effective use of raised funds is anticipated to improve operational scale and economic benefits, ultimately benefiting shareholders [16]. Conclusion - The proposed fundraising and associated projects are deemed necessary and feasible, aligning with national industrial policies and the company's strategic development goals, thereby promoting sustainable growth [16].

Group 1 - The core business of Geer Software is entirely focused on the software industry, with a revenue composition of 100% from this sector for the year 2024 [1] - Geer Software announced on August 7 that it plans to issue A-shares to specific investors, with the authorization from the 2024 annual shareholders' meeting [3] - The issuance will target no more than 35 specific investors, with the share price set at no less than 80% of the average trading price over the previous 20 trading days [3] Group 2 - The company aims to raise up to 283 million yuan through this issuance, with funds allocated for various projects [3] - The funds will be used for the following projects: approximately 160 million yuan for the industrialization of quantum-resistant encryption technology, 89.35 million yuan for the research and development of a trusted data space platform, and 33.36 million yuan for supplementing working capital [3]

Core Viewpoint - The event hosted by Tsinghua University Internet Industry Research Institute focused on the launch of the DataRocks trusted data space product solution, addressing the core pain points in the current data factor market and promoting the safe circulation of massive data [2][4]. Group 1: Policy and Market Demand - The era of developing trusted data resources for urban construction has begun, with the key to digital urban development being the development of the data factor market [5]. - The DataRocks solution aims to overcome three major barriers in data value release: invisible cross-domain data, inaccessible high-value resources, and sensitive data that is not utilized [5]. - The National Data Bureau's action plan aims to establish over 100 trusted data spaces by 2028, emphasizing the need for trusted control, resource interaction, and value co-creation [5]. Group 2: Core Technical Advantages of DataRocks - DataRocks leverages Tsinghua University's research in trusted data spaces and combines it with Bubi Technology's blockchain, privacy computing, and DID (Decentralized Identity) technologies to create its core capabilities [6]. - The solution utilizes a fully controllable blockchain platform to ensure data transaction integrity through on-chain evidence and smart contracts [7]. - Privacy computing technology allows for controlled data sharing, ensuring data sovereignty while releasing data value [8]. - The integration of DID with CA technology provides a unique global identifier for data subjects, enhancing identity security and facilitating safe data circulation [9]. Group 3: Key Functions of DataRocks - DataRocks encompasses a comprehensive product design that covers the entire data circulation chain, including trusted infrastructure, connectors, and data services [13]. - Key functionalities include DID identity management, data encapsulation and secure publishing, smart contract signing, and full lifecycle traceability, creating a closed loop for data value circulation based on trusted governance [13]. Group 4: Application Cases - The DataRocks solution has supported the construction of multiple trusted data spaces, providing end-to-end support from data registration to security supervision [14]. - In industry-specific applications, it connects banks and government entities, utilizing privacy computing to combine loan data with social security and business data for enterprise credit scoring, with over 10 banks already integrated [14]. Conclusion - The DataRocks solution represents a significant breakthrough in building trusted infrastructure and exploring intelligent production and living models, transforming dormant resources into powerful drivers for an intelligent society [15].

汽车纵横全媒体 中国科学技术协会主席万钢出席了本次会议；东风汽车集团有限公司原董事长、行业技术专家竺廷风为本次会议作引导发言；OICA（国际汽车制造商协 会） Technical Director Olivier FONTAINE，上海汽车集团股份有限公司副总裁、总工程师祖似杰，宝马中国研发中心高级副总裁Dr.Robert Kahlenberg，吉 利汽车集团高级副总裁王瑞平，奇瑞汽车股份有限公司副总工程师、开阳实验室CTO宋廷伦，中国汽车工业协会副总工程师王耀，中国第一汽车股份有限 公司研发总院副院长赵慧超，中国信息通信研究院总工程师敖立，北京汽车研究总院有限公司党委书记、院长王磊，广汽集团执委会委员吴坚，华为智能 驾驶解决方案产品线总裁李文广，博世电驱动系统事业部中国区总裁许长春，东软睿驰汽车技术（上海）有限公司总裁兼CTO杜强，地平线副总裁、战略 部&智驾产品规划与市场部负责人吕鹏，芯擎科技创始人、董事兼CEO汪凯分别在会上发表演讲；中国汽车工业协会常务副会长兼秘书长付炳锋出席并主 持了本次会议全程。 当下，中国汽车产业正面临智能化与碳中和双重变革。与会嘉宾以"松桦恋"共生哲学破题，并提出技术应当化繁为 ...

Group 1 - The National Bureau of Statistics has announced the "2025 Trusted Data Space Innovation Development Pilot List," which includes Shaanxi Yunchuang Network Technology Co., Ltd. and Shaanxi Fastech Automotive Transmission Group Co., Ltd., highlighting the strength of Shaanxi enterprises in data resource development, data security, and innovative data mechanisms [1] - The pilot program will focus on areas with strong application demand, good development foundation, high economic and social value, and strong demonstration capabilities, aiming to cultivate a batch of trusted data spaces over two years [1] - The initiative seeks to create replicable and promotable experience models in data resource development, secure data circulation, value co-creation of data elements, and innovative data systems [1] Group 2 - Shaanxi Yunchuang Network Technology Co., Ltd. operates under the "technology + operation + finance" development philosophy, providing comprehensive digital solutions and data services for the tourism industry [2] - The company has developed a product system that includes an industry monitoring and emergency command platform and a scenic area digital management platform, focusing on AI-driven upgrades [2] - Shaanxi Fastech Automotive Transmission Group is a key player in the commercial vehicle and high-end CNC machine tool industry chains, leading the construction of an enterprise-level trusted data space to enhance data sharing and collaboration across the supply chain [2] - The company aims to improve the efficiency of planning, procurement, production, delivery, and operation through a unified industrial internet platform for commercial vehicle transmission systems [2]

Core Viewpoint - The "Urban Trusted Data Space Innovation Development Pilot (Zhengzhou)" project, submitted by Zhengzhou Smart Technology Group, has been selected as one of the national pilot projects for 2025, marking a significant achievement in the province's data element market reform [1][2]. Group 1 - The trusted data space is a key infrastructure for establishing a national data foundation and cultivating a unified national data market, aiming to enable secure and trustworthy data circulation and value co-creation among multiple stakeholders [1][2]. - Zhengzhou Smart Technology Group will focus on building a data service system to support the city's digital transformation and create a national data circulation hub [2][3]. - The pilot project will emphasize the integration of trusted data spaces with key urban sectors such as finance, healthcare, logistics, agriculture, and AI, promoting high-value application scenarios [2][3]. Group 2 - By 2027, the project aims to achieve at least 60% coverage of public data, with total data openness increasing by over 100%, and to attract 200 data service providers and 2,000 data products [3]. - The economic goal includes achieving profitability within five years, driving Zhengzhou's data transaction scale to exceed 10 billion yuan, and reaching a digital economy scale of 800 billion yuan [3]. - The project is expected to create a replicable model that encourages more enterprises in the province to recognize the value of data elements, enhancing Henan's position in the national digital economy landscape [3].

Group 1 - The National Bureau of Statistics has announced the first batch of pilot projects for trusted data space innovation, with Nanjing Steel Co., Ltd. selected for its project "Trusted Data Space for Steel Industry Chain" [1] - Trusted data space is a data circulation infrastructure that links multiple parties based on consensus rules to achieve data resource sharing [1] - The pilot aims to select benchmark projects with industry typicality and technological foresight to provide experience for building a unified national data factor market [1] Group 2 - The selected project focuses on key development goals such as collaborative optimization of the steel industry chain, deep integration of digital technology with the real economy, and green collaborative development [1] - The project emphasizes five core scenarios: supply chain collaboration, intelligent manufacturing and production optimization, market analysis and forecasting, R&D quality and sustainable development, and customer and value-added services [1] - The project aims to create a trusted data space system that aligns with the development of the steel industry chain, fostering multi-party data integration and value co-creation [1] Group 3 - In recent years, Nanjing Steel has pursued a transformation path of "digitalizing all businesses and businessizing all digital operations," leveraging "data factors + industrial internet + artificial intelligence" as core engines [2] - The company has established a "Trusted Data Space Alliance for the Steel Industry" with upstream and downstream partners, launching an initiative to build high-quality industrial data sets [2] - The initiative aims to facilitate efficient data circulation and application across the industry chain, positioning the company as a pioneer in extracting value from industry data factors [2]

Core Viewpoint - The National Bureau of Statistics announced the list of pilot projects for the 2025 Trusted Data Space Innovation Development, which includes 63 pilot projects across various sectors, aiming to enhance data resource sharing and innovation in the data industry [1][3]. Group 1: Pilot Project Overview - A total of 63 pilot projects were selected, comprising 13 cities, 22 industries, and 28 enterprises, with Changhong Co., Ltd. being the only enterprise from Sichuan province included for its "Intelligent Manufacturing Supply Chain Collaborative Trusted Data Space" project [1][3]. - The pilot projects are designed to create a replicable model for trusted data space, focusing on data resource sharing, value co-creation, and innovation in data circulation mechanisms [3]. Group 2: Changhong's Trusted Data Space Project - Changhong's project utilizes a national-level "dual-cross" industrial internet platform, establishing a framework of "1+4+N" which includes one data circulation service hub and four foundational data capability modules [4]. - The project aims to address core issues such as reluctance to share data, fear of data circulation, and lack of usage capabilities within enterprises [4]. Group 3: Collaborative Ecosystem - Changhong is building an operational system for the trusted data space, collaborating with various partners to drive large-scale applications in manufacturing collaboration, supply chain finance, and AI applications [5][8]. - The project emphasizes a business scenario-driven approach, focusing on open data products and collaborative ecosystem benefits, aiming to enhance supply chain resilience and innovation capabilities [8].