Group 1 - The core viewpoint emphasizes the importance of developing specialty agricultural products and rural tourism as part of the rural revitalization strategy in the new era, as highlighted by General Secretary Xi Jinping [1][3] - The rural tourism market has been thriving this year, with various regions promoting the deep integration of agriculture, culture, and tourism to attract visitors to rural areas [3] Group 2 - The Central Committee of the Communist Party has issued a revised work regulation for Party schools and administrative colleges, mandating strict adherence by all regions and departments [4] - The first batch of five national parks in China has completed the registration of natural resource rights, marking a significant step in ecological conservation efforts [9] Group 3 - The "Mother River" initiative has shown significant ecological recovery in the Yangtze and Yellow Rivers, which are crucial for ecological civilization construction, with notable achievements since the 18th National Congress [5] - The "Solid Border and Prosperous Border" initiative in Tibet has improved living conditions and boosted local industries, enhancing the overall well-being of border residents [6]

Core Viewpoint - Hans Group Holdings (00554.HK) announced a contract with new contractors for the second phase construction project, aiming to enhance its terminal storage business and increase revenue sources for shareholders [1] Group 1: Contract and Construction Details - The company’s subsidiary, Dongzhou International, has signed a contract with new contractors (Shanghai Guanzhuo, Guangzhou Guantong, and Lianyungang Busheng) for a total price of RMB 6.382 million for the procurement and installation of specific equipment and machinery for the second phase construction project [1] - Prior to appointing the new contractors, Dongzhou International had already engaged existing contractors for the current contracts related to the second phase construction project [1] Group 2: Strategic Goals and Market Position - The company is committed to seizing market opportunities and diversifying its terminal storage business to maximize value for shareholders [1] - The plan includes optimizing the utilization of remaining capacity at the terminal and vacant land at Dongzhou Petrochemical Warehouse, which is a strategic step towards transforming the facility into a more specialized and competitive asset [1] - The anticipated transformation is expected to strengthen Dongzhou International's market position, enhance operational efficiency, and meet the growing demand for liquefied hydrocarbon storage and processing [1] - Overall, these measures aim to ensure the long-term sustainability of the company's business while delivering greater value to shareholders [1]

Core Insights - In July, despite adverse weather conditions, China's logistics demand remained strong, with a logistics industry prosperity index of 50.5%, indicating continued expansion in logistics activities [1][2] Group 1: Logistics Industry Performance - The logistics industry maintained vitality, with e-commerce express and air logistics showing significant growth. The e-commerce express business activity index reached 69.3%, indicating a high prosperity level [1] - Air transportation business activity index was 52.8%, reflecting a month-on-month increase of 0.8 percentage points. Road and rail transportation indices were 54.6% and 51.7%, respectively, both showing a slight month-on-month recovery of 0.1 percentage points [1] Group 2: Market Demand and New Orders - The new orders index for logistics companies rose to 52.5%, indicating a month-on-month increase of 0.1 percentage points. Most sectors, except warehousing and water transportation, maintained new orders in the expansion zone [1] - Rail, road, and air transportation new orders indices increased by 0.3, 0.2, and 0.1 percentage points, respectively, indicating positive trends in these sectors [1] Group 3: Investment and Market Expectations - Fixed asset investment in the logistics sector showed continuous expansion, with a completion index of 54.9% in July, reflecting a month-on-month increase of 0.4 percentage points [2] - The business activity expectation index for July was 55.6%, remaining in a high prosperity zone, with air transportation and postal express indices at 58.9% and 57.2%, respectively [2] - The "old-for-new" national subsidy policy and regional subsidies have expanded consumption scenarios, further driving logistics demand growth [2]

Core Viewpoint - The logistics industry in China shows signs of steady growth despite a slight decline in the logistics prosperity index, indicating strong internal demand and adaptability in supply and demand dynamics [1][2]. Group 1: Logistics Prosperity Index - In July, the logistics prosperity index was reported at 50.5%, a decrease of 0.3 percentage points month-on-month, but still reflects expanding total demand and strong internal momentum [1]. - Various sub-indices, including business volume index, new orders index, and logistics service price index, remained above 50%, indicating expansion in the logistics sector [1]. Group 2: Business Activity and Investment - The business volume index continues to expand, although at a slower pace, with significant growth in sectors such as railway, road, air transport, warehousing, and postal express services [1][2]. - The fixed asset investment completion index for the logistics industry was reported at 54.9%, marking a month-on-month increase of 0.4 percentage points, indicating a positive trend in logistics infrastructure investment [2]. Group 3: E-commerce and Consumer Demand - E-commerce and express delivery services are experiencing notable growth, with the business volume index for the e-commerce express sector reaching 69.3%, indicating a high level of activity [2]. - The "old-for-new" national subsidy policy and regional subsidies are driving consumer demand, further expanding logistics needs in the consumer sector [2].

Core Viewpoint - The logistics industry in China shows signs of steady demand and expansion despite adverse weather conditions, with the logistics prosperity index at 50.5% for July 2025, reflecting a slight decrease of 0.3 percentage points from the previous month [1] Logistics Demand and Performance - The overall logistics demand remains strong, with the business volume index at 50.5%, indicating expansion but a slowdown in growth [3] - The business volume index varies by region, with the central and western regions outperforming the national average at 50.9% and 52.3%, respectively, while the eastern region stands at 50.3% [3] - Key sectors such as rail, road, air transport, warehousing, and express delivery maintain business volume indices above 50%, supporting stable industry operations [3] Sector-Specific Insights - E-commerce and express delivery sectors are particularly vibrant, with the e-commerce express delivery business volume index at 69.3%, indicating high prosperity [4] - Air transport shows a recovery with a business volume index of 52.8%, up 0.8 percentage points, driven by seasonal demand for fresh produce [4] - Road and rail transport indices are at 54.6% and 51.7%, respectively, both showing slight increases [4] New Orders and Financial Stability - The new orders index has risen to 52.5%, reflecting an increase in new demand [5] - Regional performance shows eastern and western regions at 51.2% and 52.8% for new orders, while the central region decreased by 0.3 percentage points [5] - The logistics service price index has increased by 0.2 percentage points, indicating stable pricing amidst expanding business volumes [5] Investment and Market Outlook - Fixed asset investment in logistics is on the rise, with an index of 54.9%, marking a 0.4 percentage point increase [6] - The business activity expectation index is at 55.6%, suggesting positive outlooks for sectors like air transport and express delivery [6] - The logistics demand remains stable, supported by government policies and consumer trends, although there are concerns about demand slowdown and industry competition [7]

Core Viewpoint - Zhangjiagang Free Trade Technology (Group) Co., Ltd. has revised its Articles of Association and several corporate governance systems to enhance its governance structure and comply with new regulations [1][2]. Summary by Sections Revision of Articles of Association - The company held its sixth meeting of the tenth board on August 4, 2025, where it approved the proposal to amend the Articles of Association [1]. - Changes include replacing "shareholders' meeting" with "shareholders' assembly" and adjusting non-substantive clauses without listing them individually [2]. - The revised Articles of Association will be disclosed on the Shanghai Stock Exchange website [2]. - The company plans to abolish the supervisory board by January 1, 2026, in accordance with new regulations [2]. Corporate Governance System Revisions - The company has revised and established several corporate governance systems to improve its operational norms and internal management mechanisms [2]. - The revisions are based on the new Company Law, Shareholders' Meeting Rules, and other relevant regulations [2]. - Specific details of the new and revised governance systems are also disclosed on the Shanghai Stock Exchange website [2]. Key Changes in Articles of Association - The registered capital has been adjusted from RMB 12,121.52157 million to RMB 12,001.52157 million [4]. - The company is defined as a permanent stock limited company [4]. - The legal representative of the company is the chairman, and the company will bear civil liability for actions taken by the legal representative [6]. - The Articles of Association will serve as a binding document for the rights and obligations among the company, shareholders, and management [7]. Shareholder Rights and Obligations - Shareholders have the right to receive dividends and participate in decision-making processes [13][14]. - Shareholders must comply with laws and the Articles of Association, and they cannot withdraw their capital except as legally permitted [20]. - The company must ensure that its assets are not misappropriated by shareholders or related parties [23].

张家港保税科技（集团）股份有限公司 对外担保制度 第一章 总 则 第一条 为依法规范张家港保税科技股份有限公司（以下简称"公司"）的 对外担保行为，防范财务风险，确保公司经营稳健，根据《中华人民共和国公司 法》、 《中华人民共和国证券法》 、《上市公司治理准则》、 《上市公司监管指引第 8 号--上市公司资金往来、对外担保的监管要求》、《上海证券交易所股票上市规 则》、 《上海证券交易所上市公司自律监管指引第 1 号--规范运作》等法律、行政 法规、部门规章、规范性文件（以下统称法律法规）和《公司章程》的有关规定， 制定本制度。 第二条 本管理制度适用于公司及公司子公司，本制度所称子公司是指全资 子公司、控股子公司和公司拥有实际控制权的参股公司。 第八条 股东会在审议为股东、实际控制人及其关联方提供的担保议案时, 该股东或受该实际控制人支配的股东,不得参与该项表决,该项表决由出席股东 会的其他股东所持表决权的半数以上通过。 第三条 本制度所称对外担保对外担保系指公司以第三人的身份为债务人 对于债权人所负的债务提供担保，当债务人不履行债务时，由公司按照约定履行 债务或者承担责任的行为。 第四条 本制度所称对外担 ...

董事会议事规则 第一章 总 则 第一条 为规范张家港保税科技（集团）股份有限公司（以下简称"公 司"）董事会的议事方法和程序，保证董事会工作效率，提高董事会决策的科 学性和正确性，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 海证券交易所股票上市规则》《上市公司章程指引》《上市公司治理准则》等法 律、行政法规、部门规章、规范性文件（以下统称法律法规）以及《张家港保税 科技（集团）股份有限公司章程》（以下简称《公司章程》）等规定，结合公司 实际，制定本规则。 第二条 董事会应当遵照有关法律法规和《公司章程》的规定及股东会的 决议，履行职责。 第三条 董事会是股东会的常设机构，董事会对股东会负责，作为董事当 其自身的利益与公司和股东的利益相冲突时，应当以维护公司和股东的最大利 益为行为准则。董事会下设董事会办公室（董秘办），处理董事会日常事务。 董事会办公室（董秘办）受董事会秘书领导，保管董事会印章。 第四条 董事会由七名董事组成,其中非独立董事四名；独立董事三名，且 至少包括一名会计专业人士。 张家港保税科技（集团）股份有限公司 董事会设董事长一名，必要时可以设副董事长一名。由董事会全体董事过 半数 ...

张家港保税科技（集团）股份有限公司 第一条 为了规范张家港保税科技（集团）股份有限公司（以下简称"公 司"）募集资金的使用与管理，提高募集资金使用效益，保护投资者的合法权益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发行注 册管理办法》《上市公司募集资金监管规则》《上海证券交易所股票上市规则》《 上海证券交易所上市公司自律监管指引第1号--规范运作》等法律、法规、部门 规章、规范性文件及《张家港保税科技（集团）股份有限公司章程》（以下简称" 《公司章程》"），制定本办法。 第二条 本办法所称募集资金系指公司通过发行股票及其衍生品种，向投 资者募集并用于特定用途的资金，但不包括公司实施股权激励计划募集的资金。 第三条 公司募集资金应当专款专用。公司使用募集资金应当符合国家产 业政策和相关法律法规，践行可持续发展理念，履行社会责任，原则上应当用 于主营业务，有利于增强公司竞争能力和创新能力。募集资金不得用于持有财 务性投资，不得直接或者间接投资于以买卖有价证券为主要业务的公司。 公司应当建立并完善募集资金存放、管理、使用、改变用途、监督和责任 追究的内部控制制度，明确募集资金使用的分级审 ...

Economic Performance - The GDP of Shangqiu City reached 170.17 billion yuan in the first half of 2025, with a year-on-year growth of 7.0% [1] - The primary industry added value was 23.21 billion yuan, growing by 3.1%; the secondary industry added value was 63.09 billion yuan, growing by 6.2%; and the tertiary industry added value was 83.86 billion yuan, growing by 8.9% [1] Agricultural Production - The summer grain production in Shangqiu reached 9.05 billion jin, indicating a stable agricultural production situation [1] - Vegetable and edible fungus production was 4.32 million tons, growing by 3.2%; fruit production was 1.53 million tons, growing by 1.9%; and meat production from pigs, cattle, sheep, and poultry was 330,600 tons, growing by 3.0% [1] Industrial Growth - The added value of industrial enterprises above designated size grew by 8.7%, with 23 out of 34 industrial sectors experiencing growth, resulting in a growth coverage of 67.6% [1] - The added value of coal, chemical, and aluminum smelting industries grew by 13.0%, 13.2%, and 42.1% respectively, collectively contributing 5 percentage points to the overall industrial growth [1] Service Sector Expansion - The added value of the service sector grew by 8.9%, with wholesale and retail growing by 7.7%, transportation, storage, and postal services growing by 8.2%, accommodation and catering growing by 9.1%, and information transmission, software, and IT services growing by 11.2% [1] - From January to May, the operating income of the service sector above designated size increased by 10.3% [1] Investment and Consumption - Fixed asset investment in the city grew by 6.8%, with industrial investment growing by 24.8%, surpassing the overall investment growth by 18 percentage points [2] - Private investment increased by 9.9%, accelerating by 6.6 percentage points compared to the first quarter, and exceeding the overall investment growth by 3.1 percentage points [2] - The total retail sales of consumer goods reached 78.93 billion yuan, growing by 7.6%, with 17 out of 22 categories of goods experiencing growth, resulting in a growth coverage of 77.3% [2] - Notable growth in retail sales included home appliances and audio-visual equipment at 34.4%, communication equipment at 34.6%, and automotive products at 11.4%, indicating a clear trend of consumption upgrading [2]