Core Viewpoint - Jiangxi Jindalai Environmental Protection Co., Ltd. has elected Mr. Zeng Kai as the employee representative director of the fifth board of directors during the first extraordinary shareholders' meeting held on September 16, 2025, following the cancellation of the supervisory board and amendments to the company's articles of association [1][2]. Group 1 - The company held its first extraordinary shareholders' meeting on September 16, 2025, where it approved the proposal to cancel the supervisory board and amend the articles of association [1][5]. - Mr. Zeng Kai, previously a director of the fifth board, was elected as the employee representative director, with his term starting from the date of the employee representative meeting until the end of the fifth board's term [2][4]. - The board composition remains unchanged, with the number of directors holding management positions and employee representative directors not exceeding half of the total number of directors, in compliance with relevant laws and regulations [2]. Group 2 - The meeting was chaired by the chairwoman, Ms. Tao Kun, and utilized a combination of on-site and online voting, adhering to the provisions of the Company Law and the company's articles of association [7][8]. - All proposed resolutions, including the cancellation of the supervisory board and amendments to governance rules, were passed with the required majority [9]. - The legal proceedings of the meeting were witnessed by Jiangxi Huabang Law Firm, confirming that the meeting's procedures and voting results were lawful and valid [10].

Company Overview - Dadi Ocean Environmental Co., Ltd. is located in Yuhang District, Hangzhou, Zhejiang Province, and was established on June 20, 2003. The company was listed on September 28, 2021. Its main business involves the resource utilization of hazardous waste, harmless disposal of hazardous waste, and dismantling of electronic waste [1]. Financial Performance - For the period from January to June 2025, Dadi Ocean reported operating revenue of 414 million yuan, a year-on-year decrease of 3.83%. The net profit attributable to the parent company was -58.28 million yuan, representing a year-on-year decrease of 270.81% [2]. - Cumulative cash dividends paid by Dadi Ocean since its A-share listing amount to 80.04 million yuan, with 69.96 million yuan paid out over the past three years [3]. Shareholder Information - As of September 10, 2025, the number of shareholders in Dadi Ocean was 4,165, a decrease of 0.26% from the previous period. The average circulating shares per person increased by 0.26% to 24,196 shares [2]. - As of June 30, 2025, among the top ten circulating shareholders, E Fund Keri Mixed Fund (003293) ranked as the sixth largest shareholder with 3.5343 million shares, an increase of 815,600 shares compared to the previous period. E Fund Contrarian Investment Mixed A (011649) has exited the top ten circulating shareholders list [3]. Financing and Margin Trading - On September 15, Dadi Ocean's stock price fell by 0.88%, with a trading volume of 29.76 million yuan. The financing buy-in amount for that day was 4.08 million yuan, while the financing repayment was 2.07 million yuan, resulting in a net financing buy-in of 2.01 million yuan. The total margin trading balance as of September 15 was 58.06 million yuan, accounting for 1.58% of the circulating market value, which is above the 80th percentile level over the past year [1]. - In terms of securities lending, there were no shares repaid or sold on September 15, with the lending balance also at zero, indicating a high level of inactivity in this area [1].

Group 1 - The core point of the announcement is the resolution of the second extraordinary general meeting of Guangdong LianTai Environmental Protection Co., Ltd. held on September 15, 2025, with no rejected resolutions [1][2] - The meeting was held at the Dragon Pearl Water Purification Plant conference room in Shantou, Guangdong Province, and combined on-site and online voting methods [2] - All seven current directors attended the meeting, along with the company secretary and other senior management personnel [3] Group 2 - The proposal to amend the company's articles of association and board meeting rules was approved during the meeting [4] - The legal firm Guangdong Xinda Law Firm witnessed the meeting, confirming that the convening, qualifications of the convener, and procedures complied with relevant laws and regulations [5] - The meeting's resolutions were documented and signed by the attending directors and the recorder, along with a legal opinion from the witnessing law firm [6]

Group 1 - The company completed the repayment of its second tranche of medium-term notes for the year 2023, amounting to 500 million yuan, with a coupon rate of 3.05% and a term of 2+1 years [1] - The repayment date for investors exercising their put option is set for September 14, 2025 [1] - The company has ensured that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1][2] Group 2 - The medium-term notes were issued on September 12, 2023, in the national interbank bond market [1] - Investors fully exercised their put option after the company adjusted the coupon rate [1] - Relevant repayment details can be found on the China Money website and the Shanghai Clearing House [1]

Core Viewpoint - The company, Zhonghuan Environmental Protection, announced that it has no overdue external guarantees, no litigation-related guarantee amounts, and no losses incurred due to guarantees [2] Summary by Relevant Sections - **Company Guarantees** - The company confirmed that there are no overdue external guarantees [2] - There are no guarantee amounts involved in any litigation [2] - The company has not incurred any losses due to guarantees [2]

Group 1 - The company Xinyuan Environment (SZ 300266) held its 11th meeting of the 6th board of directors on September 15, 2025, via telecommunication to discuss various proposals, including the election of a representative for company affairs and legal representation [1] - For the fiscal year 2024, the revenue composition of Xinyuan Environment is as follows: Environmental comprehensive governance and others account for 56.87%, environmental equipment and smart environmental protection account for 30.5%, and agricultural and rural ecology accounts for 12.63% [1] - As of the report date, Xinyuan Environment has a market capitalization of 4.5 billion yuan [1]

Core Points - The announcement from Wuxi Delinhai Environmental Technology Co., Ltd. regarding a share reduction plan by director Sun Yang is significant for investors [1] - Sun Yang currently holds 2,022,427 shares, representing 1.79% of the total share capital [1] - The planned reduction involves selling up to 505,606 shares, which accounts for no more than 0.4474% of the total share capital, due to personal financial needs [1] - The reduction is in compliance with relevant laws and regulations and aligns with previous commitments made by the director [1] - The timing, quantity, and price of the share reduction are uncertain, but it is not expected to have a major impact on the company's governance or operations, nor will it lead to a change in control [1]

Group 1 - The company issued the second phase of medium-term notes (23 Zhongyuan Environmental MTN002) on September 12, 2023, with an issuance amount of 500 million yuan and a coupon rate of 3.05% for a term of 2+1 years [1] - Following the exercise of the option to adjust the coupon rate, all investors exercised their put option, with the redemption date set for September 14, 2025 [1] - The company has completed the redemption of the 500 million yuan medium-term notes as scheduled, and related information can be found on the China Money Network and Shanghai Clearing House [1]

Core Insights - The event "Sincere Communication, Delivering Value - 2025 Hebei Listed Companies Investor Online Collective Reception Day and 2025 Semi-Annual Report Collective Performance Briefing" was successfully held on September 15 [1] Company Performance - Shenhe Environmental Protection (300137) reported a net profit increase of 7.18 million compared to the same period last year, with a parent net profit increase of 5.79 million [1] - The increase in net profit was primarily driven by a revenue increase of 23.96 million compared to the same period last year, along with the company's intensified efforts in cost reduction and efficiency improvement [1] Future Strategies - The company aims to maintain stable development of existing businesses while actively exploring new business opportunities [1] - There is a focus on enhancing the collection of accounts receivable to strive for improved operational performance [1]

Group 1 - The company held an online investor reception event on September 15, 2023, to address various inquiries from investors, with participation from key management personnel [1] - The company has received authorization from the annual general meeting to issue shares to specific investors, with the authorization valid until the next annual general meeting in 2025 [2] - The management emphasized the importance of market value management and plans to use tools like equity incentives and cash dividends to reflect the company's intrinsic value [2] Group 2 - The company is engaging in discussions with other firms, such as CITIC and Guoneng Water, to explore collaborative opportunities and leverage mutual strengths [2] - Progress has been made in recovering debts from winning lawsuits, with further details to be disclosed in regular reports [2] - The company is focusing on managing accounts receivable and improving operational efficiency due to an increase in accounts receivable and a decline in total revenue [2] Group 3 - The company is actively expanding its energy storage box business and is working to create a scalable growth point [4] - If there are plans for business expansion in the battery sector that meet disclosure requirements, the company will provide timely updates [3] - The company will consider changing its name based on strategic planning and actual circumstances, with any decisions to be announced accordingly [2] Group 4 - The company will disclose any plans for share buybacks to increase the stake of major shareholders if such plans are initiated [5] - Attention is drawn to the company's order data and collection speed, with a focus on the third-quarter report for 2025 [6] - The company will follow regulatory procedures for any future restructuring plans after terminating a previous restructuring effort in 2023 [7]