Core Viewpoint - The announcement indicates a significant change in the ownership structure of Zhuoyue Technology, resulting in the company having no controlling shareholder or actual controller following the judicial auction of shares held by former controlling shareholder Xia Chuanwu [2][3]. Group 1: Shareholder Changes - Xia Chuanwu's shareholding decreased from 37,783,242 shares (6.66%) to 1,563,242 shares (0.28%) after the judicial auction of 36,220,000 shares [2]. - The new largest shareholder is Heshan Future (Shenzhen) Investment Partnership, holding 25,513,032 shares, which is 4.5% of the total share capital [3]. - The company currently has no shareholder holding more than 50% of the shares, nor any shareholder with the ability to control more than 30% of the voting rights [3]. Group 2: Impact on Operations - Despite the change in controlling shareholder, the company asserts that this will not adversely affect its daily operations or production activities [3]. - The management team remains stable, and the company maintains a sound corporate governance structure and independent operational capability [3][4]. - There are no reported instances of non-operational fund occupation or illegal guarantees by the former controlling shareholder that would harm the interests of the listed company [3]. Group 3: Future Development - The change in ownership structure marks a new development phase for Zhuoyue Technology, with future strategic direction relying more on management's decision-making and execution capabilities [4].

Core Viewpoint - The withdrawal of Hainan Dahe from the control battle over *ST Jintai indicates a significant reduction in the intensity of conflicts among shareholders and directors within the company [2] Group 1: Shareholder Actions - Hainan Dahe, the largest shareholder of *ST Jintai, has retracted 11 proposals for the upcoming shareholder meeting, including the removal of the current chairman and several directors [1] - Liu Ruiming, the representative of Hainan Dahe on the board, has resigned, citing personal work arrangements as the reason [1][2] Group 2: Board Composition - Liu Ruiming's resignation has led to a board composition that increasingly favors the faction led by Wu Guozheng, with 6 out of 8 board members being nominated by him [3] - If Wu Guozheng's candidate, Ma Anle, is elected at the upcoming shareholder meeting, the board's composition will further tilt in his favor [3] Group 3: Legal and Regulatory Issues - The company has received a notification from the police regarding the investigation of its actual controller, Pei Jian, and other executives, raising questions about potential legal implications for current management [4][5] - Hainan Dahe has previously indicated that serious legal violations involving the actual controller and executives are under investigation by the Shanghai police [5]

Core Viewpoint - The company has reduced its planned fundraising amount from 1.12622 billion to 0.956 billion, a decrease of 0.17022 billion, due to exceeding the non-capital expenditure limit and new financial investments [1] Fundraising Adjustment - The total amount of funds to be raised has been adjusted from 1.12622 billion to 0.956 billion, reflecting a reduction of 0.17022 billion [1] - The reason for this adjustment includes a non-capital expenditure ratio of 37.7%, which exceeds the regulatory limit of 30%, necessitating a deduction of 0.06062 billion from the current fundraising [1] - Additionally, new financial investments totaling 0.998791 billion must also be deducted, which includes 0.407291 billion for preferred shares and 0.4915 billion for unfulfilled contributions [1] Shareholding Structure - As of October 2024, the company will enter a state without a controlling shareholder following the transfer of 170 million shares by the original controlling shareholder [1] - The current shareholding is divided among three main parties: Li Guangrong and his associates hold 9.28%, Huazhong Insurance holds 9.09%, and individual shareholder Qiao Xiaohui holds 7.91% [1] - Despite the lack of a controlling shareholder, Li Guangrong's group maintains board control through governance design, allowing shareholders with over 3% to nominate directors [1]

Core Viewpoint - The largest shareholder of Jingfang Technology, Zhongxin Suzhou Industrial Park Venture Capital Co., plans to reduce its stake by up to 13.04 million shares, representing 2% of the total share capital, due to the company's funding needs, indicating a lack of intention to control the company [1][2]. Shareholder Structure - Zhongxin Suzhou Venture Capital has reduced its holdings from 1.03 billion shares (15.77% of total shares) to a planned further decrease, with the second-largest shareholder, Hong Kong Central Clearing Limited, holding only 3.71% [2][3]. - Since becoming the largest shareholder in 2018, Zhongxin Suzhou has not shown any intention to control Jingfang Technology, and has consistently reduced its stake by 2% annually since 2022 [3][4]. Management and Governance - The management team has remained stable, with no significant changes in leadership or operational control despite the ongoing share reductions by the largest shareholder [4]. - The current chairman and general manager, Wang Wei, is nearing retirement age, raising questions about future succession plans, which the company has not publicly addressed [4][5]. Business Strategy - Jingfang Technology is focusing on automotive-grade chips and enhancing its international investment and financing layout, including establishing a production base in Penang, Malaysia, to better meet overseas customer needs [5].