Group 1 - Geely Auto held a mid-term performance conference for 2025, where CEO Gui Shengyue announced that the merger with Zeekr is expected to be completed by the end of 2025, which holds significant strategic importance for Geely [1] - On May 7, Geely Auto submitted a non-binding offer to privatize Zeekr, and on July 15, a formal merger agreement was signed, allowing Zeekr shareholders to choose cash or Geely shares as compensation [3]

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之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 兗礦能源集團股份有限公司 YANKUANG ENERGY GROUP COMPANY LIMITED* ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼: 01171) 內幕消息 2025年半年度業績預减公告 本公告乃兗礦能源集團股份有限公司（「本公司」）根據《證券及期貨條例》第XIVA部以及《香港 聯合交易所有限公司證券上市規則》第13.09(2)(a)及13.10B條的披露義務而作出。 一、本期業績預告情况（按中國會計準則計算） （一） 業績預告期間 2025年1月1日至2025年6月30日。 報告期內，本公司優化生產組織擴能增量，主要產品產能高效釋放，挖潜增效精准發力，成本 管控取得良好效果，化工業務實現較好協同增盈，一定程度上對沖了煤炭價格周期性下行影響。 但由於煤炭供需總體寬鬆，煤價較同期大幅下降，影響歸母淨利潤同比减少。 下半年，本公司將積極應對市場變化，科學合理優化生產組織，堅定不 ...

Group 1 - The event "Improving Quality and Efficiency to Strengthen Confidence, Seeking Stability to Promote Development" was successfully held on June 12, focusing on the 2025 investor reception day and the 2024 annual performance briefing for listed companies in Hubei [1] Group 2 - Hubei Yihua (000422) announced the completion of the acquisition of 100% equity of Yichang Xinfatou from its controlling shareholder Yihua Group, increasing its stake in Xinjiang Yihua from 35.597% to 75.00%, making it a subsidiary [3] - The company will prepare consolidated financial statements according to the "Enterprise Accounting Standards" following the completion of the asset delivery [3] - During the transition period, profits will belong to the listed company, while losses will be covered by Yihua Group [3] - The strategic move to consolidate Xinjiang Yihua's production capacities, including 30 million tons of coal, 600,000 tons of urea, 300,000 tons of PVC, 250,000 tons of caustic soda, and 80,000 tons of melamine, is expected to enhance the company's focus on its core business and improve profitability and competitive strength [3]

Core Viewpoint - Beijing Hailanxin Data Technology Co., Ltd. is preparing a pro forma consolidated financial statement in relation to a significant asset acquisition, which involves the purchase of 100% equity of Hainan Hailan Huanyu Marine Information Technology Co., Ltd. [1][6][10] Company Overview - The company was established in February 2001 with a registered capital of RMB 1 million, later renamed and increased its registered capital to RMB 33 million and subsequently to RMB 38.5463 million [2][3][4]. - The company is positioned in the fields of maritime intelligence and marine information technology, focusing on the development and production of various marine electronic systems and equipment [6][12]. Financial Statement Preparation - The pro forma consolidated financial statements are prepared based on the assumption that the acquisition of Hainan Huanyu has been completed as of January 1, 2024, and are in accordance with relevant accounting standards [8][10]. - The total consideration for the acquisition is estimated at RMB 105.06206 million, comprising RMB 35 million in cash and RMB 70.06206 million in shares [10][11]. Acquisition Details - The share issuance price for the acquisition is set at RMB 6.74 per share, which is not less than 80% of the average trading price over the previous 20 trading days [6][10]. - The acquisition is subject to approval from the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission [6][10]. Financial Reporting Standards - The pro forma financial statements are prepared in accordance with the Chinese Accounting Standards and relevant regulations for public companies [7][12]. - The financial statements reflect the company's financial position and operating results for the periods ending December 31, 2024, and March 31, 2025 [12][13]. Governance Structure - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board, along with various operational departments [6][12].

Summary of Key Points Core Viewpoint - Zhejiang Yasha Decoration Co., Ltd. plans to absorb and merge its wholly-owned subsidiary Chongqing Xuange Construction Engineering Co., Ltd. through a comprehensive absorption merger, which will enhance its operational capabilities in the Chongqing market [1][8]. Group 1: Merger Overview - The merger will result in Chongqing Xuange Construction being legally dissolved, with all its assets, liabilities, business, personnel, and related qualifications being inherited by Chongqing Yasha Decoration [1][8]. - The merger does not constitute a related party transaction and is not classified as a major asset restructuring under relevant regulations, thus not requiring shareholder approval [3][9]. Group 2: Financial Information - As of June 30, 2025, Chongqing Xuange Construction had total assets of 0 and total liabilities of 0, indicating it has not engaged in any actual business activities since its establishment [6][7]. - The financial performance of Chongqing Xuange Construction shows a net loss of -569.98 million RMB for the year 2024 and -25.34 million RMB for the first half of 2025 [5][6]. Group 3: Purpose and Impact of the Merger - The merger aims to inherit Chongqing Xuange's first-class qualification in building decoration and renovation, which is expected to enhance the company's competitiveness in the local market [8][9]. - The qualification is subject to certain asset and performance requirements, and it is set to expire on September 30, 2025, which poses a risk of not being maintained or renewed [8]. Group 4: Implementation and Future Steps - The company's management is authorized to organize and implement the merger, including signing relevant agreements and handling necessary legal and regulatory procedures [8][9]. - The merger is not expected to significantly impact the company's normal operations or financial status, and it will not affect the company's business independence [9].

Core Viewpoint - Bill Ackman, a prominent hedge fund manager, advocates for the merger of Fannie Mae (FNMA.US) and Freddie Mac (FMCC.US) to lower mortgage rates and enhance operational efficiency and stock performance [1] Group 1: Merger Proposal - The proposed merger could lead to a combined valuation of nearly $500 billion [1] - Ackman believes that the merger will significantly reduce government regulatory costs and risks, as a single regulator, the Federal Housing Finance Agency, would oversee the combined entity [1] Group 2: Government Involvement - A senior U.S. government official indicated that the Trump administration is considering pushing for an initial public offering (IPO) for Fannie Mae and Freddie Mac in the second half of this year [1] Group 3: Historical Context - Fannie Mae and Freddie Mac were created by the U.S. Congress to support the housing market by ensuring affordable mortgage financing but faced severe challenges during the financial crisis [1]

Merger Overview - Golden Ocean Group Limited is undergoing a stock-for-stock merger with CMB.TECH NV, with CMB.TECH Bermuda as the surviving entity [2] - The exchange ratio for the merger is set at 0.95 ordinary shares of CMB.TECH for each common share of Golden Ocean, resulting in the issuance of approximately 95,952,934 new ordinary shares by CMB.TECH [2] Special General Meeting - A special general meeting (SGM) for Golden Ocean shareholders is scheduled for 19 August 2025 to vote on the approval of the merger agreement and related transactions [3] - Shareholders of record as of 16 July 2025 are entitled to vote at the SGM [3] Timeline and Conditions - The merger is expected to close around 20 August 2025, contingent upon a positive outcome from the SGM and other closing conditions [4] - The day before the closing date will mark the last trading day for Golden Ocean's common shares on Nasdaq and Euronext Oslo Børs [4] Company Profiles - Golden Ocean is a Bermuda-based shipping company specializing in dry bulk cargo transportation, with a fleet of 89 vessels and a total capacity of approximately 13.5 million deadweight tonnes as of June 2025 [7] - CMB.TECH is a diversified maritime group operating over 160 vessels, including crude oil tankers and dry bulk vessels, and is involved in hydrogen and ammonia fuel production [8]

中国船舶工业领域迎来重大变革，中国船舶工业股份有限公司（简称"中国船舶"）宣布将吸收合并中国船舶重工股份有限公司（简称"中国重工"），这一消 息近日由相关媒体广泛报道。此次合并将通过中国船舶发行A股股票的方式实现。 中国船舶，作为中国船舶集团的核心军民品主业上市公司，业务广泛覆盖造船、修船、海洋工程及机电设备等领域，并拥有江南造船、外高桥造船等知名子 公司。而中国重工则在舰船研发设计制造领域处于领先地位，业务范围涵盖海洋防务及开发装备、海洋运输装备、深海装备、舰船修理改装、舰船配套及机 电装备等多个板块。 两家公司均隶属于中国船舶集团，该集团由2019年原中国船舶工业集团与中国船舶重工集团联合重组而成。由于两者在船舶制造、维修等领域存在高度的业 务重合，同业竞争问题日益凸显。为解决这一问题，中国船舶集团承诺在2026年6月30日前解决同业竞争，于是，中国船舶与中国重工于2024年9月正式启动 了此次吸收合并。 来源：http://www.cnu.com.cn/data/202508/106393.html 交易方案显示，中国船舶将向中国重工的全体换股股东发行A股股票，以换股方式吸收合并中国重工。具体而言，中国 ...

分众传媒信息技术股份有限公司 审阅报告及备考合并财务报表 分众传媒信息技术股份有限公司 审阅报告及备考合并财务报表 （2024 年 1 月 1 日至 2025 年 3 月 31 日止） 一、 审阅报告 1-2 二、 备考财务报表 备考合并资产负债表 1-2 备考合并利润表 3 备考财务报表附注 1-178 审 阅 报 告 信会师报字[2025]第 ZA14778 号 分众传媒信息技术股份有限公司全体股东： 我们审阅了后附的分众传媒信息技术股份有限公司（以下简称 "分众传媒"）的备考合并财务报表，包括 2024 年 12 月 31 日及 2025 年 3 月 31 日的备考合并资产负债表，2024 年度及 2025 年 1-3 月的备 考合并利润表以及备考合并财务报表附注。按照备考合并财务报表附 注三所述的编制基础编制备考合并财务报表是分众传媒管理层的责 任，我们的责任是在实施审阅工作的基础上对备考合并财务报表出具 审阅报告。 我们按照《中国注册会计师审阅准则第 2101 号——财务报表审 阅》的规定执行了审阅业务。该准则要求我们计划和实施审阅工作， 以对备考合并财务报表是否不存在重大错报获取有限保证。审阅主要 ...

Financial Data and Key Metrics Changes - Masterbrand's second quarter net sales were $730.9 million, an 8% increase compared to $676.5 million in the same period last year [26] - Gross profit was $239.7 million, up 3.8% year over year, with a gross profit margin of 32.8%, down 130 basis points from last year [28] - Net income for the second quarter was $37.3 million, down from $45.3 million in the same period last year [29] - Adjusted EBITDA was $105.4 million, relatively flat compared to $105.1 million in the same period last year [30] - Diluted earnings per share were $0.29, compared to $0.35 in the prior year [31] Business Line Data and Key Metrics Changes - Builder direct sales increased by 5% year over year, outperforming the broader single-family new construction market, which declined low single digits [22] - The legacy repair and remodel business, excluding Supreme, declined approximately mid single digits year over year, aligning with broader market trends [23] - Semi-custom products showed growth as consumers shifted towards mid-tier options, indicating a positive trend within the product offering [24] Market Data and Key Metrics Changes - The broader single-family new construction market is expected to decline mid single digits for the full year 2025 [22] - The repair and remodel market is anticipated to be down high to mid single digits for the full year 2025, reflecting ongoing consumer sentiment challenges [24] Company Strategy and Development Direction - The merger with American Woodmark aims to create the industry's most comprehensive portfolio of cabinet brands, enhancing customer choice and operational efficiency [7][8] - The combined entity expects to realize approximately $90 million in run-rate cost synergies by the end of year three, with a focus on procurement and overhead optimization [9][18] - The strategic focus includes investing in next-generation automation and enhancing customer experience through operational flexibility and marketing capabilities [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing market softness and a challenging external environment but expressed confidence in the company's strategic priorities and execution capabilities [22][39] - The expectation is for overall new construction and market demand to decline mid single digits for 2025, with a cautious but optimistic outlook for long-term growth [23][36] Other Important Information - The merger is expected to close in early 2026, pending shareholder and regulatory approvals, with Masterbrand shareholders owning approximately 63% of the combined company [10] - The combined company will maintain a significant presence in both Beachwood, Ohio, and Winchester, Virginia [10] Q&A Session Summary Question: Why is the merger happening now given the market conditions? - Management highlighted the compelling combination of two strong U.S. companies that can generate value through an expanded product portfolio and operational efficiencies [42][44] Question: Can you provide more detail on the cost synergies? - Management indicated that synergies would be approximately 40% from G&A and indirect costs and under 60% from COGS, with a detailed analysis already conducted [47][48] Question: How will the combined entity address potential regulatory hurdles? - Management expressed confidence in navigating regulatory processes and emphasized the compelling value proposition for customers and consumers [49][50] Question: What is the expected phasing of the $90 million in synergies? - Management indicated that synergies would phase in similarly to previous acquisitions, with some easier initiatives implemented first [54][55] Question: How will the merger impact market share and channel exposure? - Management noted that the merger would enhance value across all channels and provide opportunities for cross-selling, with a focus on maintaining and expanding customer relationships [64][66]