Core Viewpoint - The report outlines a change in shareholding structure for Shandong Linke Technology Co., Ltd., primarily due to the dissolution of a concerted action relationship, resulting in a decrease in the holding ratio of the controlling shareholder and actual controllers [1][2]. Group 1: Shareholding Changes - The controlling shareholder, Hainan Linke Investment Co., Ltd., held 98,939,604 shares before the change, representing 48.8938% of the total share capital [7]. - After the dissolution of the concerted action relationship, the combined shareholding of the controlling shareholder and actual controllers decreased to 104,142,052 shares, which is 51.4648% of the total share capital [8]. - The actual controllers, Wu Xiaolin and Wu Xiaoqiang, held 4,151,954 shares (2.0518%) and 1,050,494 shares (0.5191%) respectively before the change [7]. Group 2: Purpose and Method of Change - The purpose of the shareholding change was to transfer shares non-traditionally to all partners, as detailed in a previous announcement [5]. - The method of this change was the dissolution of the concerted action relationship, which had previously allowed for a combined holding of shares among certain partners [6]. - There are no plans for the information disclosure obligor to increase or decrease their shareholding in the next 12 months [6]. Group 3: Impact on Company Governance - The change in shareholding structure will not lead to a change in the controlling shareholder or actual controllers, nor will it harm the interests of the company or other shareholders [8]. - The company governance structure and future operations are expected to remain stable following this change [8].

Core Viewpoint - Tongyu New Materials (301630) has been listed on the Shenzhen Stock Exchange, focusing on the research, production, and sales of electronic resins primarily used in copper-clad laminate production [1][2]. Company Overview - The main business of Tongyu New Materials includes the development, production, and sales of electronic resins, with products such as MDI modified epoxy resin, DOPO modified epoxy resin, high-bromine epoxy resin, BPA-type phenolic epoxy resin, and phosphorus-containing phenolic resin curing agents [2]. - Before the issuance, Zhang Chi served as the chairman and general manager, holding 11.9973 million shares, accounting for 39.99% of the total shares. Zhang Chi also indirectly controls 5.26% of the voting rights through Si Hui Zhao Yu, totaling 45.25% voting rights, making him the controlling shareholder [2]. Shareholder Agreement - Zhang Chi and Su Shiguo signed a "Joint Action Agreement" on December 9, 2021, confirming their consistent decision-making regarding the company's operations and significant matters since its establishment on December 23, 2015. In case of disagreement, Zhang Chi's opinion prevails [3]. - Su Shiguo, serving as the director and deputy general manager, holds 7.8397 million shares, representing 26.13% of the total shares before the issuance. Together, Zhang Chi and Su Shiguo control 71.38% of the voting rights, significantly influencing the board and major decisions [3]. Fundraising Details - The total amount raised from the issuance is 840 million yuan, with a net amount of 760.3783 million yuan, intended for the annual production project of 200,000 tons of electronic resins (Phase I) and to supplement working capital [4].

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm addresses the inquiry regarding the information disclosure of Shanghai Southern Model Biotechnology Co., Ltd. for the 2024 annual report, particularly focusing on the implications of the termination of the concerted action relationship between the actual controllers of the company [1][2]. Group 1: Governance and Management Structure - The company has established a decision-making group but has not yet implemented it due to the postponement of the board of directors' re-election [6][9]. - The governance structure includes a shareholders' meeting as the authority, a board of directors responsible for executing resolutions, and a management team led by a general manager [7][9]. - The board consists of 9 directors, including 3 independent directors, and the chairman is elected by a majority of the board [6][8]. Group 2: Decision-Making Mechanism - The decision-making mechanism involves a voting system where each share has one vote, with ordinary resolutions requiring over 50% approval and special resolutions needing two-thirds [8][10]. - The board's decisions must be approved by a majority of directors, and any related party must abstain from voting on relevant matters [8][10]. - The company has established internal governance documents, including the Articles of Association and rules for shareholders' and board meetings, to ensure compliance with legal requirements [9][12]. Group 3: Compliance and Future Considerations - The company is in compliance with the Company Law, Securities Law, and relevant regulations, ensuring the protection of minority investors' interests [10][12]. - The decision-making group's operational effectiveness and its impact on governance cannot be assessed until it is formally established and operational [9][13]. - Future adjustments to the governance structure will depend on the outcomes of the board re-election and the decision on whether to retain the decision-making group [12][13].

Core Viewpoint - The report outlines the changes in equity ownership and the termination of the concerted action agreement among shareholders of Tuojing Technology Co., Ltd. as of May 30, 2025, without affecting the number of shares held by the information disclosing parties [2][12]. Group 1: Company Information - Company Name: Tuojing Technology Co., Ltd. [1] - Stock Listing Location: Shanghai Stock Exchange [1] - Stock Code: 688072 [1] - Address of Information Disclosing Parties: Various locations in Shenyang, Shanghai, Beijing, and Wuxi [1]. Group 2: Shareholder Information - The equity change is due to the termination of the concerted action agreement among the information disclosing parties [2]. - As of the report date, the total shares held by the eight natural person shareholders and eleven employee stockholding platforms amounted to 31,625,068 shares, representing 11.3056% of the total share capital [12]. - After the termination of the concerted action, the eleven employee stockholding platforms collectively hold 25,149,516 shares, accounting for 8.9907% of the total share capital [11]. Group 3: Legal Framework - The report is prepared in accordance with the Company Law, Securities Law, and relevant regulations regarding equity changes [2]. - The information disclosing parties have confirmed that they have not increased or decreased their shareholdings through any other means apart from what is disclosed in the report [2].