Core Viewpoint - Tianjin Jintou Urban Development Co., Ltd. plans to acquire 100% equity of Tianjin Jinneng Co., Ltd., Tianjin Thermal Power Co., Ltd., and Tianjin Port Yigong Heat Supply Co., Ltd. through asset swaps, share issuance, and cash payments, along with raising supporting funds [1][2]. Group 1: Insider Information and Trading - The self-inspection period for insider trading related to this transaction spans from June 18, 2024, to the day before the disclosure of the restructuring report [1]. - The scope of the insider information includes the company's directors, supervisors, senior management, controlling shareholders, and related parties, as well as intermediaries involved in the transaction [1][2]. Group 2: Trading Activities of Insiders - During the self-inspection period, Tianjin State-owned Capital Investment Operation Co., Ltd., the controlling shareholder, bought 8,649,200 shares and sold 190,186,440 shares of Tianjin Jintou Urban Development Co., Ltd. [2]. - The controlling shareholder stated that the stock trading was part of a plan to increase holdings announced on July 24, 2024, aimed at boosting investor confidence and maintaining market stability [2][3]. Group 3: Individual Insider Trading - A total of 21 individuals engaged in trading activities during the self-inspection period, with various commitments made to ensure that their trading was based on prior announcements and not related to the major asset restructuring [3][4]. - Individuals involved in trading provided assurances that their actions were personal investment decisions and not influenced by insider information regarding the restructuring [4][5]. Group 4: Independent Financial Advisor's Opinion - The independent financial advisor, Huatai United Securities, concluded that the trading activities of the insiders did not constitute insider trading based on the self-inspection reports and commitments provided, and thus do not pose a legal obstacle to the transaction [27][28].