Core Insights - The integration of culture and technology is creating new cultural industries and enhancing economic development in Hunan, with significant advancements in digital cultural heritage and virtual production technologies [1][2][3]. Group 1: Cultural and Technological Innovations - The "Shanhai" digital cultural heritage platform has digitized over 30,000 artifacts within 10 months, attracting over 30 million users [1]. - The virtual music program "Singer 2025" incorporates AR technology, allowing online audiences to participate in real-time [1]. - The use of algorithms by Hunan Mango Smart Art Technology has improved digital artifact collection efficiency while reducing costs by 80% [2]. Group 2: New Business Models and Revenue Growth - The audio-visual industry in Hunan is projected to exceed 282.76 billion yuan in revenue by 2024, marking a 9.7% year-on-year growth [3]. - The virtual production short drama "Qiliao Life" achieved over 500 million views with a production time of only 14 days [2]. Group 3: Cultural Heritage and Community Engagement - The restoration of ancient stone inscriptions using AI technology has enhanced cultural appreciation, with a digital experience center set to open in December 2024 [4]. - Traditional performances are being modernized to attract younger audiences, exemplified by the adaptation of the traditional flower drum opera [4]. Group 4: Supportive Ecosystem and Infrastructure - The "Jin Furong" fund, with a total scale of 300 billion yuan, includes a dedicated sub-fund for cultural and technological integration [7]. - The establishment of the Ma Lan Mountain video cultural creation park has attracted numerous high-tech enterprises and cultural companies, fostering a collaborative environment [6][7].

Core Viewpoint - The article highlights the optimistic outlook of foreign investment institutions towards the Chinese market, driven by attractive stock valuations, improving fundamentals, and resilient consumer sentiment, suggesting potential for further upward movement in the market [1][5][8]. Market Performance - The Shanghai Composite Index (SSE) has shown strong performance, closing at 3534.48 points on July 18, marking a year-to-date high, with a 0.5% increase on that day. It has remained above 3500 points for seven consecutive trading days since July 10 [1][3]. - In the week of July 14-18, the A-share indices continued to rise, with the ChiNext Index leading with a 3.17% increase, while the SSE and Shenzhen Component Index rose by 0.69% and 2.04%, respectively [3][4]. Trading Activity - Trading activity has been robust, with a peak turnover of 1.71 trillion yuan on July 11, the highest in nearly four months. The average daily turnover for the week was 1.55 trillion yuan, an increase of 500.95 billion yuan from the previous week [4][5]. Foreign Investment Sentiment - Multiple foreign investment institutions express confidence in the Chinese market, citing attractive valuations and improving fundamentals. Wellington Management's Bo Meunier notes that the current trading prices of Chinese stocks are appealing from both relative and historical perspectives [5][7]. - Goldman Sachs and UBS have raised their forecasts for key indices, with Goldman Sachs projecting a target of 4600 points for the SSE 300, indicating about a 10% upside potential [7][8]. Sector Performance - The article identifies that the technology sector, particularly in AI, electric vehicles, and robotics, is gaining momentum, with foreign institutions like Fidelity International highlighting the growth potential of Chinese tech stocks [9][10]. Long-term Investment Trends - There is a growing interest from international long-term funds in Chinese assets, driven by early signs of profit recovery and relatively low foreign ownership in the market. This interest is seen as a catalyst for further market growth [11].

Core Points - The company has completed the cancellation of part of its fundraising special account [1][4] - The net amount raised from the public offering of shares was RMB 2,232.6262 million [1] - The company established a special account for fundraising in accordance with relevant regulations and signed a tripartite supervision agreement [2][3] Fundraising Overview - The company was approved by the China Securities Regulatory Commission to publicly issue ordinary shares, raising a net amount of RMB 2,232.6262 million [1] - The funds have been verified by Tianzhi International Accounting Firm [1] - The company has implemented a special account storage system for the raised funds to ensure proper management and usage [2][3] Fund Management - The company has developed a management method for fundraising, detailing the storage, usage, and management of the funds [2] - The company has signed tripartite supervision agreements with several banks to ensure compliance with the regulations [3] - The management of the funds is strictly in accordance with the established agreements, with no significant differences from the standard agreements provided by the Shanghai Stock Exchange [3] Account Cancellation - The company held a board meeting on June 18, 2025, to approve a share repurchase plan using excess funds and has completed the cancellation of the special account at Shanghai Pudong Development Bank [4] - The tripartite supervision agreement related to the fundraising special account has been terminated following the account cancellation [4]

Core Viewpoint - The company, Chengdu Kunheng Shunwei Technology Co., Ltd., is implementing a differentiated dividend distribution plan, proposing a cash dividend of 2.60 yuan per 10 shares, totaling approximately 31.45 million yuan, after accounting for shares held in the repurchase account [1][3]. Group 1: Dividend Distribution Plan - The company plans to distribute cash dividends based on the total share capital after deducting shares in the repurchase account, resulting in a base of 120,948,090 shares for the dividend calculation [1][2]. - The proposed cash dividend distribution is 2.60 yuan per 10 shares, which translates to a total cash dividend of 31,446,503.40 yuan (including tax) [1][3]. Group 2: Share Repurchase Details - The company has approved a share repurchase plan using excess funds, with a total repurchase amount between 15 million yuan and 30 million yuan, at a price not exceeding 35 yuan per share [2]. - As of the date of the report, the company has repurchased 851,910 shares, representing 0.70% of the total share capital, with a total expenditure of approximately 16.30 million yuan [3]. Group 3: Compliance and Verification - The sponsor institution, Minsheng Securities, has conducted a thorough review and confirmed that the differentiated dividend distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [5].

Core Viewpoint - The announcement details the upcoming listing and circulation of restricted shares from Beijing Haibo Sichuang Technology Co., Ltd., which will occur on July 28, 2025, following the expiration of a six-month lock-up period after the company's initial public offering [1][2]. Group 1: Listing Details - The total number of shares to be listed is 2,284,129, representing 1.27% of the company's total share capital [5][6]. - The original listing date was set for July 27, 2025, but was postponed to July 28, 2025, due to the original date being a non-trading day [1][5]. Group 2: Share Structure - After the initial public offering, the total share capital of the company is 177,730,148 shares, with 142,080,723 shares subject to restrictions, accounting for 79.94% of the total, and 35,649,425 shares being unrestricted, accounting for 20.06% [1][2]. - The restricted shares being listed are part of the offline placement from the initial public offering, which had a lock-up period of six months [2][3]. Group 3: Compliance and Commitments - All shareholders of the restricted shares have adhered to their commitments, ensuring that there are no issues affecting the listing of these shares [4]. - The underwriter, Zhongtai Securities Co., Ltd., confirmed that the listing of the restricted shares complies with relevant regulations and that the information disclosed is accurate and complete [4][5].

Core Viewpoint - The document outlines the selection process and quality requirements for accounting firms engaged by Shenzhen Longke Technology Co., Ltd, aiming to enhance audit quality and financial information integrity [1][2]. Group 1: General Principles - The company establishes a system for selecting accounting firms to comply with national regulations and improve audit quality [1]. - The selection process requires approval from the audit committee, board of directors, and shareholders [1][2]. - The controlling shareholders and actual controllers are prohibited from interfering in the selection process [1]. Group 2: Quality Requirements for Accounting Firms - Selected accounting firms must possess necessary qualifications and have experience with at least three listed companies without major quality issues [1]. - Firms must adhere to auditing laws and maintain good professional ethics and reputation [1]. - The new accounting firm must not have received administrative penalties related to securities and futures business in the past year [1]. Group 3: Selection Procedures - The internal audit department conducts investigations and submits reports on the quality and integrity of competing firms [2]. - The audit committee reviews qualifications and submits recommendations to the board for approval [2]. - The selection process can include public bidding, invited bidding, and competitive negotiation to ensure fairness [2][3]. Group 4: Evaluation Standards - The evaluation criteria for accounting firms include audit fees, qualifications, performance records, quality management, and resource allocation [4]. - Quality management must account for at least 40% of the evaluation score, while audit fees should not exceed 15% [4][5]. Group 5: Responsibilities of the Audit Committee - The audit committee is responsible for establishing selection policies, reviewing proposals, and evaluating the performance of the selected accounting firms [6][9]. - The committee must conduct post-audit evaluations and report findings to the board [9][10]. Group 6: Reappointment and Dismissal Procedures - The company must notify accounting firms 30 days in advance before dismissing or not renewing their contracts [8]. - The audit committee must evaluate the quality of the accounting firm before recommending reappointment [8][9]. - Any changes in accounting firms must be disclosed, including reasons for dismissal and the previous firm's comments [8][9]. Group 7: Supervision and Penalties - The audit committee must monitor compliance with laws and the execution of audit agreements [10]. - Serious violations by accounting firms can lead to non-reappointment based on shareholder resolutions [10].

General Overview - The company establishes an Audit Committee to enhance decision-making and ensure effective supervision of the management by the Board of Directors [1][2]. Composition of the Audit Committee - The Audit Committee consists of three directors, including two independent directors, with an accounting professional serving as the convener [2][3]. - The term of the Audit Committee aligns with that of the Board of Directors, and members can be re-elected [2][3]. Responsibilities and Authority - The Audit Committee is responsible for overseeing both internal and external audits, evaluating audit work, and ensuring compliance with financial reporting and internal control standards [3][4]. - It must provide an annual self-assessment report on internal controls, including the effectiveness of these controls and any identified deficiencies [4][3]. Decision-Making Procedures - The Audit Committee meetings can be regular or temporary, with a minimum attendance requirement of two-thirds of the members for decisions to be valid [7][6]. - Decisions require a majority vote from the members present, and the committee can use communication methods for voting if necessary [6][7]. Meeting Protocols - Meetings are to be documented, and all members are required to maintain confidentiality regarding the discussed matters [8][7]. - The committee can invite non-member directors and senior management to attend meetings but without voting rights [8][7]. Conflict of Interest Management - A conflict of interest policy is in place, requiring members with a vested interest in a matter to recuse themselves from discussions and votes [8][7].

Core Points - The management system for the remuneration of directors and senior management at Shenzhen Jiemite Technology Co., Ltd. aims to enhance work motivation and establish an incentive mechanism aligned with modern corporate governance [1] - The system applies to board members and senior management, including the general manager, deputy general managers, financial director, and board secretary [1] Chapter Summaries Chapter 2: Remuneration Management Organization - The remuneration and assessment committee of the board is responsible for reviewing the remuneration standards and conducting annual assessments of directors and senior management [2] - The human resources and finance departments assist in the implementation of remuneration plans, reporting to the board [2] Chapter 3: Composition of Remuneration - Directors who are employees receive remuneration based on their specific job roles, with the chairman's allowance set between 500,000 to 1,200,000 yuan per year, contingent on participation in daily management [3] - Independent directors receive allowances ranging from 50,000 to 250,000 yuan per year, with expenses incurred during their duties reimbursed by the company [3] - Senior management remuneration consists of a base salary and performance bonuses, with specific salary ranges for positions such as general manager (400,000 to 1,000,000 yuan), deputy general manager (300,000 to 800,000 yuan), board secretary (300,000 to 800,000 yuan), and financial director (250,000 to 700,000 yuan) [3] Chapter 4: Remuneration Distribution - Directors' remuneration is distributed regularly, while senior management's base salary is paid monthly, with performance bonuses distributed at the end of the fiscal year [5] Chapter 5: Remuneration Adjustment and Incentives - The company may propose annual remuneration adjustments based on operational performance, industry standards, and inflation, requiring board and shareholder approval [7] - The remuneration system is designed to support the company's strategic goals and may be adjusted in response to significant changes in the economic environment [7] - Salary reductions or deductions may occur for directors and senior management under specific circumstances, such as serious violations of company policies or causing significant economic losses [7] Chapter 6: Other Provisions - The management system is subject to relevant national laws and regulations, and it becomes effective upon approval by the shareholders' meeting [9]

General Provisions - The purpose of the work guidelines is to improve the management efficiency and level of Shenzhen Jiemite Technology Co., Ltd. and to enhance the governance structure of the company, protecting the legal rights of the company and all shareholders [1][2] - The guidelines apply to the company and are binding on the company's senior management [1][2] - Senior management includes the general manager, deputy general managers, financial director, and board secretary [1][2] Appointment and Qualifications of the General Manager - The company has one general manager and several deputy general managers, with the appointment process defined by the board of directors [1][2] - The general manager's term coincides with that of the board of directors and can be reappointed [1][2] - Specific disqualifications for the general manager are outlined, including criminal convictions and financial irresponsibility [1][2] Powers and Responsibilities of the General Manager - The general manager is responsible for the daily operations and management of the company, implementing board resolutions, and reporting to the board [1][3] - The general manager has the authority to propose annual financial budgets, profit distribution plans, and other significant operational decisions [3][4] - The general manager must maintain the company's assets and ensure compliance with laws and regulations [6][7] Reporting and Accountability - The general manager is required to report on the company's operations, major contracts, and financial status to the board regularly [10][12] - A written annual report must be submitted to the board, covering business operations, financial conditions, and future plans [12][14] Performance Evaluation and Incentives - The board is responsible for organizing the performance evaluation of the general manager, linking compensation to company performance and individual achievements [26][28] - Violations of laws or negligence resulting in company losses may lead to economic penalties or legal consequences for the general manager [28][29]

Group 1 - The company plans to repurchase shares using its own funds, with an amount between RMB 3 million and RMB 5 million, at a price not exceeding RMB 27.72 per share [1][2] - The repurchased shares will be canceled, leading to a reduction in the company's registered capital [1][2] - The specific number of shares repurchased and the proportion of total share capital will be determined upon completion of the repurchase or expiration of the repurchase period [1] Group 2 - Creditors are informed that they can request the company to settle debts or provide guarantees due to the capital reduction from the share repurchase [2] - Creditors must submit written requests along with relevant proof of debt relationships, such as contracts or agreements, to the company [2] - The company provides contact information for creditors to declare their claims, with specific instructions for both in-person and mail submissions [3]