Core Viewpoint - Shanghai Xinxiangwei Electronics Co., Ltd. has decided to terminate the issuance of shares, convertible bonds, and cash payment for asset acquisition, along with related fundraising activities due to the inability to reach a consensus with transaction parties [1][3][4]. Group 1: Major Asset Restructuring - The company planned to acquire 100% equity of Shenzhen Aixiangsheng Technology Co., Ltd. through the issuance of shares, convertible bonds, and cash payments, while raising funds from no more than 35 specific investors [1]. - The transaction was expected to meet the standards for significant asset restructuring as per the regulations but did not constitute a restructuring listing [1]. Group 2: Transaction Progress - The company adhered to legal requirements and organized efforts to advance the transaction, fulfilling internal decision-making procedures and information disclosure obligations [2]. - Relevant announcements regarding the transaction's progress were disclosed on the Shanghai Stock Exchange website [3]. Group 3: Reasons for Termination - The termination was due to the failure of transaction parties to reach an agreement on the final plan, prompting the company to prioritize the interests of all shareholders [3][4]. Group 4: Decision-Making Process - The decision to terminate the transaction was approved by the company's board of directors and did not require a shareholder meeting for further approval as it was still in the preliminary stage [4]. Group 5: Impact of Termination - The termination of the transaction is not expected to have a significant adverse effect on the company's current operations and strategic development, ensuring no harm to the interests of shareholders, especially minority shareholders [4][6]. Group 6: Company Commitments - The company has committed not to plan any major asset restructuring activities within one month following the disclosure of the termination [5].

Core Viewpoint - Shanghai New Vision Microelectronics Co., Ltd. has announced the termination of its major asset restructuring plan, which included issuing shares, convertible bonds, and cash payments for asset purchases, as well as raising matching funds [1]. Group 1: Meeting Details - The investor briefing will be held on August 11, 2025, from 16:00 to 17:00 [2][3]. - The meeting will take place online via the "Value Online" platform [2][3]. - The meeting will feature interactive text communication [2]. Group 2: Participants - Key participants include Chairman and General Manager Peter Hong Xiao, Director and Secretary of the Board Chen Xiuhua, and Director and Chief Financial Officer Jia Jing [2]. Group 3: Investor Participation - Investors can participate in the meeting by accessing the provided link or scanning the QR code before the meeting [2][3]. - Questions can be submitted by investors prior to the meeting, and the company will address common concerns during the session [2][3]. Group 4: Contact Information - Contact person for inquiries is Chen Xiuhua, with a provided phone number and email address for further communication [2].

关于重大资产重组事项的进展公告 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、误导性陈述或者重大遗漏。 证券代码：002978 证券简称：安宁股份 公告编号：2025-056 四川安宁铁钛股份有限公司 特别提示： 拟以分期支付现金650,768.80万元的方式，参与攀枝花市经质矿产有限责任公司 （以下简称"标的公司"或"经质矿产"）及其关联企业会理县鸿鑫工贸有限责任公 司（以下简称"鸿鑫工贸"）、攀枝花市立宇矿业有限公司（以下简称"立宇矿业"） 的实质合并重整，并最终取得经质矿产100%股权。本次交易完成后，经质矿产将 成为上市公司的全资子公司，上市公司通过经质矿产持有鸿鑫工贸、立宇矿业100% 股权。本次交易构成重大资产重组，不构成关联交易。 于筹划重大资产重组暨签署 <重整投资意向协议> 的议案》。具体内容详见公司于 于公司本次重大资产重组符合相关法律法规规定的议案》等议案。具体内容详见 公司于2025年7月22日刊登在指定信息披露媒体上的相关公告。 买报告书（草案）》的"重大风险提示"和"第十一节 风险因素"章节中，对 本次交易存在的风险因素作出了详细说明，敬请广大投资者注意 ...

Core Viewpoint - Guangdong Songfa Ceramics Co., Ltd. has undergone a significant business transformation from ceramic manufacturing to research, production, and sales of ships and high-end equipment following a major asset restructuring completed in May 2025 [1][2][3] Stock Trading Anomaly - The company's stock experienced a cumulative price deviation of over 12% during three consecutive trading days from August 6 to August 8, 2025, indicating abnormal trading activity [1][2] Company Operations - Following the asset restructuring, the company's production and operational status is reported as normal, with no undisclosed significant information [2][4] - The company received approval from the China Securities Regulatory Commission for its asset purchase and fundraising on May 16, 2025, and completed the asset transfer by May 22, 2025 [2][3] Financial Performance - As of December 31, 2024, the company reported total assets of 571.78 million yuan and a net asset value of 1.51 million yuan, with a revenue of 274.81 million yuan and a net loss of 76.64 million yuan for the year [5] - The company anticipates a turnaround in financial performance post-restructuring, projecting a net profit of 580 million to 700 million yuan for the upcoming fiscal year [6] Board and Governance - The company held a board meeting on August 5, 2025, to discuss the early election of the board, reflecting changes in management and governance following the restructuring [3][4]

证券代码：600328 证券简称：中盐化工 公告编号：2025-083 中盐内蒙古化工股份有限公司 本公司董事会及全体董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。 重要内容提示： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东会召开的时间：2025 年 8 月 8 日 (二) 股东会召开的地点：中盐内蒙古化工股份有限公司 1605 会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份 情况： 份总数的比例（%） 47.3140 (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主 持情况等。 会议由公司董事会召集，董事长周杰先生主持。会议采取现场投 票和网络投票相结合的方式召开并表决，会议的召集和召开符合《公 司法》《上市公司股东会规则》和《公司章程》的规定。 (五) 公司董事和董事会秘书的出席情况 二、 议案审议情况 (一) 非累积投票议案 审议结果：通过 表决情况： 股东类型 同意 反对 弃权 票数 比例 （%） 票数 比例 票数 比例 （%） （%） A股 686,195,753 ...

Core Viewpoint - Tengjing Technology has announced the termination of its plan to issue shares and pay cash for asset acquisition and related fundraising due to changes in market conditions and difficulties in reaching consensus among parties involved [1][2][3] Group 1: Termination of Transaction - The company held meetings on August 6, 2025, where it approved the termination of the asset acquisition and fundraising plan [1] - The decision was made after careful consideration and discussions with related parties, aiming to protect the interests of the company and its shareholders [1][3] Group 2: Previous Transaction Proposal - On March 12, 2025, the company proposed to acquire 100% of Shenzhen Xuntech Communication Technology Co., Ltd. through a combination of share issuance and cash payment [2] - The fundraising was planned to not exceed 100% of the transaction price, with a maximum issuance of 30% of the company's total shares prior to the fundraising [2] Group 3: Financial Impact and Shareholder Changes - The transaction was expected to enhance the company's total assets, net assets, revenue, and net profit upon completion [4] - The financial performance of Xuntech Communication was projected to show revenues of 310.32 million yuan and 490.72 million yuan for 2023 and 2024, respectively, with net profits of -5.34 million yuan and 7.71 million yuan [4] - Following the termination, the company’s major shareholders, including Yu Hongrui, will remain unchanged, and the control of the company will not be affected [4][5]

证券代码：002289 证券简称：*ST 宇顺 公告编号：2025-076 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 根据中国证券登记结算有限责任公司深圳分公司出具的《信息披露义务人持 股及股份变更查询证明》《股东股份变更明细清单》以及交易相关主体签署的自 查报告、声明及承诺，在前述主体出具的自查报告、声明及承诺真实、准确、完 整的前提下，不存在本次交易相关主体在自查期间利用本次交易的内幕信息进行 的内幕交易行为，对本次交易不构成法律障碍。 深圳市宇顺电子股份有限公司（以下简称"宇顺电子" 拟以支付现金方式收购中恩云（北京）数据科技有限公司、北京申惠碧源云计算 科技有限公司、中恩云（北京）数据信息技术有限公司（三个公司以下统称"标 的公司"）100％股权（以下简称"本次交易"或"本次重组"）。根据《上市公司 重大资产重组管理办法》《深圳证券交易所股票上市规则》的相关规定，本次交 易构成重大资产重组。 根据《上市公司重大资产重组管理办法》《公开发行证券的公司信息披露内 容与格式准则第 26 号——上市公司重大资产重组》 《深圳证券交易所上市公司 ...

Core Insights - The article highlights that the number of IPOs in A-shares for 2024 is only 100, marking the lowest in a decade, prompting many companies to shift towards mergers and acquisitions (M&A) as a means to enter the capital market [1]. Summary by Sections - **M&A Trends**: The tightening of IPOs and frequent M&A policies have led to an increase in companies considering M&A as an alternative to going public [1]. - **Practical Guide**: A new manual titled "Corporate M&A Practical Handbook" has been launched to assist in understanding M&A operations [1][4]. - **Content Overview**: The handbook consists of 342 pages and covers 11 chapters, detailing operational points and common issues from the perspectives of buyers, sellers, and intermediaries [4]. - **Key Considerations**: The first chapter emphasizes the importance of communication and understanding between buyers and sellers to avoid failures in M&A [11]. - **Financial Viability**: Buyers must assess the financial viability of sellers before engaging in M&A, as certain industries may have inherent challenges in achieving financial compliance [12]. - **Government Support**: Local government policies may provide financial support for M&A activities, which should be considered by both buyers and sellers [14]. - **M&A Structure**: The handbook outlines essential elements for designing M&A plans, including acquisition ratios, operational timelines, and performance guarantees [18]. - **Valuation Methods**: It discusses four common pricing methods and three evaluation methods, along with considerations for performance guarantees [19]. - **Payment Methods**: The fifth chapter focuses on payment methods and financing arrangements, detailing the pros and cons of various payment options [23]. - **Negotiation Strategies**: The sixth chapter provides insights into negotiation tactics, emphasizing the importance of preparation and strategy during negotiations [25]. - **Public Company M&A**: The ninth chapter elaborates on the operational logic of public company acquisitions, including various acquisition methods and their respective considerations [27]. - **Integration Strategies**: The final chapter shares practical experiences and strategies for integrating acquired companies, focusing on team collaboration and resource sharing [30].

8月6日晚间，广东松发陶瓷股份有限公司（以下简称"*ST松发"发布第六届董事会第十二次会议决议公告：鉴于公司 已实施重大资产置换及发行股份购买资产，公司主营业务、控股股东、股权结构等基本情况已发生重大变化。为稳步 实现置入资产与上市公司管理体系、组织架构的衔接整合，公司董事会拟提前进行换届选举。 经股东提名，董事会提名与薪酬考核委员会审查，提名陈建华、陈汉伦、王孝海、史玉高、张恩国、王月为广东松发 陶瓷股份有限公司董事会非独立董事候选人。 根据近两年公开报道，陈汉伦已深度参与恒力集团的经营管理。 去年8月，恒力重工与地中海航运（MSC）签署战略合作协议，在新造船、配套发动机、船舶修理等业务领域开展全 方位合作，陈建华、陈汉伦均出席了签约活动。 去年12月，恒力·绿色船舶发展大会在大连举行，陈汉伦出席论坛并致辞。 公告截图 公开资料显示，陈汉伦出生于2001年，是ST松发实际控制人、恒力集团董事长兼总裁陈建华、范红卫夫妇之子，未持 有恒力集团与*ST松发股份。陈汉伦为研究生学历，应用金融硕士，曾任普华永道（新加坡）企业所得税税务咨询顾 问。2024年3月至今任恒力集团有限公司副总裁。 据了解，这是陈汉伦首次出现 ...

经公司自查并向控股股东书面征询，截至目前公司、控股股东均不存在影响公司股票交易异常波动的重 大事项，不存在涉及本公司的应披露而未披露的重大信息，不存在涉及本公司的重大资产重组事项。 格隆汇8月7日丨海立股份(600619.SH)公布，公司A股股票自2025年7月1日以来收盘价格累计上涨幅度为 72.74%，2025年8月7日的换手率为19.30%。公司股票价格短期内涨幅较大，根据中证指数官网发布的 数据，公司所属的通用设备制造业（中上协行业分类）最新滚动市盈率为37.07倍；截至2025年8月7 日，公司A股股票的滚动市盈率为380.23倍，公司估值显著高于行业水平。 ...