Meeting Overview - The fifth meeting of the Supervisory Board of Zhejiang Haikong Nanke Huatie Digital Technology Co., Ltd. was held on September 4, 2025, with all three supervisors present [1] - The meeting was convened in accordance with relevant laws and regulations, and all resolutions made were deemed legal and effective [1] Key Resolutions - The Supervisory Board approved the proposal for the company to issue S shares and list them on the Singapore Exchange to enhance capital strength and international brand image [2][3] - The issuance of S shares will be conducted in compliance with Chinese laws and regulations, as well as the rules of the Singapore Exchange [2] - The company plans to raise a total of 200 million Singapore dollars through this issuance, with the final number of shares to be determined based on the issuance price [4][5] Fund Utilization - The funds raised from the issuance will be used for the construction and operation of overseas intelligent computing centers, expansion of equipment leasing business, and to supplement working capital [6] - The company will have the authority to adjust the use of raised funds based on regulatory feedback and operational needs [6] Profit Distribution - The proposal includes a plan for the distribution of retained earnings prior to the issuance, ensuring that both existing and new shareholders benefit proportionally after the issuance [7][8] Transition to Overseas Company - The company will transition to an overseas fundraising company following the successful issuance and listing of S shares [8] Validity of Resolutions - The validity period for the resolutions related to the issuance is set for 24 months from the date of approval by the shareholders' meeting [9]

Group 1 - The core announcement is that Shengye Holdings (stock code: 6069) plans to raise approximately HKD 600 million through the placement of new shares, issuing 56,286,000 shares at a price of HKD 10.66 per share, which represents a discount of about 5.1% from the previous closing price of HKD 11.23 [1] - The placement shares account for approximately 5.6% of the existing issued share capital and will represent about 5.3% of the enlarged share capital upon completion [1] - The funds raised will be allocated towards the research and development of innovative technologies such as AI Agents, international expansion, strategic investments, and general working capital [1] Group 2 - Shengye Holdings is identified as a "AI + industrial supply chain" technology company, focusing on sectors such as infrastructure, pharmaceuticals, and commodities, while also venturing into e-commerce robotics and intelligent computing services [1] - The placement is conducted under a general mandate granted by the shareholders' meeting, with completion expected on the specified date or another date agreed upon in writing with the placement agent [1]

Group 1 - The third Asian Women Entrepreneurs Conference Trade Matching Event took place in Guiyang, attracting 155 companies from both domestic and international markets, covering various sectors such as education, health care, alcohol, real estate, and import-export trade [1] - The event featured participation from 9 Malaysian companies, 9 companies from outside the province, and 137 companies from Guizhou, aligning with the province's "six major industrial bases" development needs [1] - The event served as a significant platform for investment and trade cooperation, facilitating connections between businesses and promoting regional economic development [5] Group 2 - The event showcased a strong international exchange atmosphere, with over 40 Malaysian female entrepreneurs participating and engaging in exhibitions, business matching, and product sales [3] - Companies like Koyuan Future International Technology Co., Ltd. highlighted their global educational activities and upcoming events, indicating a positive reception and strong engagement from attendees [3] - Guizhou-based companies reported impressive sales, with Guizhou Guizhi Ai Biotechnology Co., Ltd. selling half of its products and establishing connections with Malaysian clients, while other companies also successfully engaged with potential partners [5]

Group 1 - Zhejiang Kunpeng Cloud Fresh Smart Technology Co., Ltd. and Zhejiang Kunpeng Cloud Chariot Smart Technology Co., Ltd. have recently been established with registered capital of 100 million and 10 million respectively [1] - Both companies are involved in internet information services, agricultural seed operations, and import/export of agricultural seeds [1] - The former company is jointly held by Guolian Co., Ltd. and Beijing Kunpeng Cloud Chariot Agricultural Technology Co., Ltd., while the latter is wholly owned by Beijing Kunpeng Cloud Chariot Agricultural Technology Co., Ltd. [1]

Core Points - Zhejiang Panxing Smart Technology Co., Ltd. submitted its IPO application on January 24, 2025, but the application has now expired [1] - The company stated that the expiration of the prospectus is a normal process of the Hong Kong Stock Exchange and does not indicate a termination or suspension of the listing [1] - Panxing Smart is actively progressing with its Hong Kong listing and plans to submit updated data to the Hong Kong Stock Exchange [1] Summary by Category IPO Application Status - The IPO application of Panxing Smart has expired as it was not completed within the 6-month validity period [1] - The automatic expiration of the prospectus occurs if the listing hearing or process is not completed within the stipulated time frame [1] Company Response - The securities department of Panxing Smart clarified that the expiration is part of the normal procedure and does not reflect any negative implications regarding the listing [1] - The company is in the process of updating its data for resubmission to the Hong Kong Stock Exchange [1]

Core Viewpoint - The legal opinion letter from Grandall Law Firm (Hangzhou) addresses the differentiated dividend distribution plan for Zhejiang Haikong Nanke Huatie Intelligent Technology Co., Ltd. for the year 2024, confirming its compliance with relevant laws and regulations [3][4][7]. Group 1: Differentiated Dividend Distribution - The company plans to distribute a cash dividend of 0.253 yuan (including tax) for every 10 shares to all shareholders, with the total share capital as of June 23, 2025, being 1,990,650,596 shares [8][9]. - The total cash dividend to be distributed amounts to 50,153,575.66 yuan (including tax), based on the adjusted total number of shares eligible for the dividend distribution [9][10]. - The differentiated dividend distribution is necessitated by the company's share repurchase program, which affects the total number of shares eligible for dividends [8][9]. Group 2: Share Repurchase and Its Impact - The company has repurchased a total of 7,885,980 shares through a centralized bidding process, which will not participate in the dividend distribution [8][9]. - The repurchased shares do not have voting rights or entitlement to dividends, which is in accordance with the regulations set forth in the 7th Self-Regulatory Guideline [8][9]. - The impact of the share repurchase on the ex-dividend price is minimal, with the calculated ex-dividend reference price being approximately 9.73 yuan per share [12]. Group 3: Legal Compliance and Conclusion - The legal opinion confirms that the differentiated dividend distribution plan complies with the Company Law, Securities Law, and other relevant regulations, ensuring no harm to the interests of the company and its shareholders [7][12]. - The law firm has conducted thorough verification of the facts and documents provided by the company, ensuring the accuracy and legality of the conclusions drawn in the opinion letter [6][7].