Core Viewpoint - The A-share market is experiencing a wave of "increased holdings" led by industrial capital, with 27 listed companies announcing significant shareholder buyback plans since November [1] Group 1: Company Announcements - Ningxia Guoyun New Energy Co., Ltd. (*ST Baoshi*) announced that its controlling shareholder plans to increase its stake by up to 0.66% of the total share capital, equivalent to no more than 7.515 million shares, within six months [1][2] - China Railway Material Co., Ltd. (China Tiemu) reported that its controlling shareholder's action partner plans to increase its stake by 596.92 thousand shares, representing 0.10% of the total share capital, with an investment amount of approximately 15.6358 million yuan [2] - Dream百合 Home Technology Co., Ltd. (Dream百合) disclosed that its controlling shareholder increased its stake by 113.89 thousand shares, accounting for 0.20% of the total shares, funded by its own capital [3] Group 2: Market Impact and Expert Opinions - The increase in holdings by controlling shareholders and related parties is seen as a stabilizing factor in the current market environment, potentially guiding market value discovery [3] - An expert noted that while such buybacks can provide confidence, they should not be viewed as a guaranteed solution for immediate stock price reversal; the sustainability of the buyback and the company's fundamentals are crucial for assessment [3]

Core Viewpoint - The legal opinion from Beijing Jincheng Tongda Law Firm confirms the compliance and legitimacy of the shareholding increase plan by the controlling shareholders of Hebei Steel Group Co., Ltd. [1][10] Group 1: Shareholder Information - The controlling shareholder, Handan Steel Group Co., Ltd. (邯钢公司), holds a registered capital of 250,000 million yuan and is involved in various steel-related operations [4][5]. - Tangshan Steel Group Co., Ltd. (唐钢公司) has a registered capital of 553,073.12 million yuan and engages in investment activities and steel production [6][7]. - Both shareholders are legally established entities in China and do not fall under any restrictions for acquiring shares in a listed company [7][8]. Group 2: Shareholding Increase Details - Prior to the increase, Handan Steel held 4,218,763,010 shares (40.81%), while Tangshan Steel held 1,853,409,753 shares (17.93%) [8]. - The increase plan, announced on January 6, 2025, aims for a total investment between 21,600 million yuan and 43,200 million yuan over six months, with a maximum increase of 1% in shareholding [8][11]. - As of July 3, 2025, a total of 99,030,324 shares were acquired, representing 0.96% of the total share capital, with Handan Steel acquiring 49,570,445 shares and Tangshan Steel acquiring 49,459,879 shares [9][11]. Group 3: Compliance and Disclosure - The increase complies with the relevant laws and regulations, including the Management Measures for the Acquisition of Listed Companies [10][11]. - The company has fulfilled its information disclosure obligations regarding the shareholding increase, as evidenced by the announcements made [10][11]. - The increase qualifies for exemption from mandatory tender offer requirements under the applicable regulations [10][11].

国浩律师（上海）事务所 关 于 江苏东方盛虹股份有限公司 控股股东及其一致行动人免于以要约方式 增持股份 之 法律意见书 上海市静安区山西北路 99 号苏河湾中心 25-28 层 邮编： 200085 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5243 3320 法律意见书 致：江苏东方盛虹股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受江苏东方盛虹股份有限 公司（以下简称"公司"）委托，根据《中华人民共和国证券法》（以下简称"《证 券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、《上市 公司收购管理办法》（以下简称"《收购管理办法》"）、《深圳证券交易所上 市公司自律监管指引第 10 号——股份变动管理》等法律法规的规定，就公司控 股股东江苏盛虹科技股份有限公司（以下简称"盛虹科技"）及其一致行动人盛 虹石化集团有限公司（以下简称"盛虹石化"）、盛虹（苏州）集团有限公司（以 下简称"盛虹苏州"，与盛虹科技、盛虹石化共同简称为"增持主体"）免于以 要约方式增持股份（以下简称"本次增持"）的相关事宜出具法律意见书。 第一节 引言 网址/Websi ...