Core Viewpoint - The strategic cooperation between Hengerd and Tiangong International aims to enhance the development of China's high-end manufacturing industry through joint R&D, manufacturing, and investment in powder metal materials, cutting tools, and precision components [1][3]. Group 1: Strategic Cooperation - Hengerd and Tiangong International have established a strategic partnership focusing on joint R&D and industrial application in high-precision rolling components and grinding machines [1][3]. - The collaboration is seen as a milestone for both companies in accelerating industrial chain synergy and responding to national strategies for self-sufficiency in high-end equipment and core materials [1][5]. Group 2: Technological Synergy - Hengerd specializes in new metal materials, while Tiangong International is a leading manufacturer of high-speed steel and cutting tools, with production volumes ranking among the top globally [2][5]. - The partnership will create a closed-loop ecosystem integrating R&D, manufacturing, and application, enhancing the localization of precision components and cutting tools [2][4]. Group 3: Addressing Industry Challenges - The collaboration targets three major industry pain points: reducing reliance on imported high-end powder high-speed steel, lowering manufacturing costs of precision tools, and overcoming bottlenecks in domestic high-precision grinding machines [5][6]. - Hengerd's acquisition of the German SMS company is a significant step towards equipment localization, while Tiangong's resources will accelerate the validation process for Hengerd's high-end equipment [5][6]. Group 4: Future Outlook - The partnership aligns with national goals for high-quality manufacturing development, focusing on key components like powder high-speed steel and precision grinding machines [5][6]. - Both companies aim to establish a "technology interlocking" strategy to create a competitive edge in the international market [5][6].

Group 1 - The core advantage of Dalian KOTIAN New Materials Co., Ltd. lies in its proprietary technology for the engineering preparation of ceramic aluminum crystal seeds, which has been developed over 30 years since its inception in a doctoral thesis in 1994 [1] - The company successfully showcased its products at the third China International Supply Chain Promotion Expo, highlighting its journey from a doctoral thesis to industrial application [1][2] - The innovation chain area at the expo was established to facilitate seamless integration between the innovation chain and the industrial chain, featuring 14 participating organizations and companies [2][3] Group 2 - The "One-Stop" application plan initiated by the Ministry of Industry and Information Technology focuses on the engineering, commercialization, and industrialization of innovative achievements in the foundational industry, involving over 1,600 upstream and downstream enterprises [4] - The collaboration between Zhongchu Guoneng and Wolong Electric resulted in the launch of the world's largest 105 MW two-pole high-speed motor, showcasing the importance of cooperative innovation in overcoming technical challenges [4] - The establishment of a reasonable pricing mechanism for intellectual property transactions is crucial for effective technology transfer, as demonstrated by the Shanghai Technology Exchange's approach [5][6]

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 的 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，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Tiangong International Company Limited （於開曼群島註冊成立的有限公司） 天 工 國 際 有 限 公 司* （股份代號：826） 在雙方共同努力下，繼續深化合作，共同加速推進本集團的鋸切工具專用粉末高 速鋼材料（ M42、M51等 ）（ 以下簡稱「鋸切工具專用材料」）在鋸切工具產品領域應 用的研發、測試與運用，不斷建立行業優勢地位，實現技術升級與進口替代。 恒而達將以自有鋸切工具生產線為本集團新材料提供驗證測試場地和設備支援， 並基於其數十年的生產工藝經驗及終端使用者使用資料積累，從合金成分優化、 生產工藝改進、產品性能提升等維度為本集團提供持續技術支援，協助完善其材 料研發體系。 – 1 – 為支援本集團該項業務的快速發展，在本集團鋸切工具專用材料通過恒而達的驗 證測試後，恒而達同意在保障供應鏈平穩 ...

Core Insights - China's import and export scale stabilized at 20 trillion yuan in the first half of 2025, marking a historical high for the same period, with an increase of over 600 billion yuan compared to the previous year [1] - The resilience of China's foreign trade is supported by a complete industrial system, which includes a wide range of products from labor-intensive to high-tech items [1][2] - High-tech product exports grew by 9.2% in the first half of the year, maintaining growth for nine consecutive months, with significant increases in high-end machine tools, ships, and marine engineering equipment [1] Group 1 - China's industrial robot export market share rose to second globally, with a 61.5% increase in exports in the first half of the year [1] - The complete industrial system allows China to meet diverse consumer needs across different countries and market segments, exemplified by targeted products like solar-powered phones and high-temperature resistant engines [2] - The strong industrial support capability enhances resource integration and promotes collaborative innovation, leading to continuous upgrades in export products [2] Group 2 - The proportion of self-owned brands in high-tech product exports reached 32.4%, indicating a growing emphasis on domestic brands in international markets [2] - Despite rising global unilateralism and protectionism, China is expected to continue its export growth efforts in the second half of the year [2]

Core Insights - Shanghai is experiencing a network revolution driven by the collaboration between Shanghai Telecom and Huawei, implementing 5G-A technology to enhance connectivity for both tourists and residents [1][3]. Group 1: Technological Advancements - The introduction of 5G-A technology allows for seamless streaming of 8K videos and live broadcasts on cruise ships along the Huangpu River, showcasing the capabilities of high-speed mobile networks [1][3]. - F5G-A technology supports high-bandwidth applications such as 8K movies, cloud gaming, and AI home assistants, marking a significant upgrade to home internet services in Shanghai [3][5]. - The recent 2025 MWC Shanghai exhibition highlighted the advancements in 5G-A and F5G-A technologies, emphasizing Shanghai's commitment to becoming a dual 10G city [3]. Group 2: Urban Infrastructure and Services - Shanghai Telecom, in partnership with Jiushi Bus Group and Huawei, utilizes 5G-A networks and AI technology for flexible bus scheduling, effectively alleviating urban traffic congestion [5]. - The implementation of 5G-A networks in subway cars ensures full coverage, allowing passengers to enjoy uninterrupted internet access during their commutes [5]. - F5G-A technology enhances home networks through 50G PON technology, improving speed and stability, thus enabling residents to enjoy high-end applications and smart home ecosystems [5]. Group 3: Industry Collaboration and Future Outlook - The collaborative efforts between Shanghai Telecom, Huawei, and other partners have created a comprehensive dual 10G ecosystem, showcasing a model that can be replicated in other regions [5]. - The rapid development of AI technology is expected to drive increasing demand for network capabilities, positioning Shanghai as a leader in communication technology [5]. - This network revolution not only benefits Shanghai residents but also provides valuable insights for urban network development globally [5].

Group 1: Core Insights - The 2025 Beijing New Materials Conference and the 7th Beijing-Tianjin-Hebei Graphene Conference were held from May 18 to 20, focusing on "New Materials, New 'Graphene' Prospects, New Future" [1] - The conference serves as a platform for showcasing cutting-edge achievements in the new materials field and promotes regional collaborative innovation and industrial upgrading in Fangshan District [1] Group 2: Industry Development - Fangshan District's rise in the graphene industry reflects the collaborative innovation outcomes of the Beijing-Tianjin-Hebei region, supported by a complete industrial chain from research and development to mass production [3] - In 2024, Fangshan is expected to add 92 new "specialized, refined, characteristic, and innovative" small and medium-sized enterprises, including one national "little giant" enterprise and two municipal-level enterprises [3] - The "Beijing-Tianjin-Hebei Carbon Valley" project, signed at the previous conference, has been implemented in Fangshan, integrating research advantages from Haidian, film preparation technology from Huairou, and industrial resources from Tianjin and Hebei [3] Group 3: Infrastructure and Policy - Fangshan's role as a hub in the Beijing-Tianjin-Hebei collaborative development is enhanced by infrastructure improvements, such as the accelerated construction of the 108 Expressway, creating a "one-hour" commuting circle for efficient movement of talent, technology, and capital [4] - Collaborative policies have been developed, including the "Fang-Lai-Zhu Collaborative Development Action Plan," promoting resource sharing in new energy and new materials sectors [4] - The Fang-Lai-Zhu high-precision industrial park attracts enterprises from Baoding, facilitating complementary development in the energy storage industry across the Beijing-Tianjin-Hebei region [4] Group 4: Ecosystem Development - The conference has evolved to encompass a broader range of new materials, transitioning from single materials to a multi-dimensional new materials ecosystem, aiming for high-quality development in Beijing's new materials industry [5] - The event featured over 40 central enterprises, state-owned enterprises, and universities showcasing more than 100 latest achievements in cutting-edge fields such as new energy vehicle materials and electronic information devices [5] Group 5: Strategic Support - The comprehensive industrial layout in Fangshan signifies a transition from a single material focus to a multi-dimensional ecosystem, supported by four major industrial clusters [7] - The implementation of the "chain leader system" has facilitated deep collaboration among enterprises like Yanshan Petrochemical, BOE Technology Group, and others, accelerating the transformation and industrialization of technological achievements [7]

Core Insights - A Chinese mobile film company achieved over 10 million yuan in transactions during a recent trade fair, capturing 30% of the global market share for tempered glass films, and has been recognized as a national-level "specialized and innovative" small giant [1] - The mobile film industry in China is thriving, with some companies producing up to 600 million units annually, showcasing rapid innovation and a wide price range from tens to hundreds of yuan [1][2] - The development of mobile films involves over 20 processes, integrating advanced materials and technologies, such as naked-eye 3D technology and self-healing water gel films, which enhance product performance [2][3] Industry Dynamics - The mobile film sector supports over 500 upstream and downstream enterprises, highlighting the importance of collaborative innovation across the industry chain to meet market demands [3] - The Chinese mobile film market benefits from a large user base of over 1.1 billion mobile internet users, providing ample growth opportunities and fostering the evolution of domestic manufacturers [3] - The success of mobile films exemplifies China's manufacturing advantages, with a growing number of high-quality Chinese products gaining global popularity, including smart home devices and automotive electronics [3][4] Competitive Landscape - The competitiveness of Chinese manufacturing is bolstered by strong collaboration between various enterprises, enhancing resilience and innovation capabilities within the industry [4] - Apple's CEO Tim Cook emphasized that Apple's choice to manufacture in China is driven by the unique skill density found in the country, rather than just lower labor costs [4][5]