Core Viewpoint - Brazilian equities are experiencing a significant resurgence, driven by rising commodity prices, a weakening U.S. dollar, and a shift towards emerging markets, with the iShares MSCI Brazil ETF (EWZ) outperforming U.S. equities by 17 percentage points in one month, marking its strongest performance in over four years [1][2]. Group 1: Performance Metrics - The iShares MSCI Brazil ETF (EWZ) has increased approximately 20% month-to-date, while the SPDR S&P 500 ETF Trust (SPY) has gained just under 3% [1]. - EWZ ranks as the third best-performing U.S.-listed country ETF over the past month, following the iShares MSCI Peru and Global Exposure ETF (EPU) and the iShares MSCI South Korea ETF (EWY) [2]. Group 2: Market Dynamics - The relative performance of EWZ compared to SPY has broken above a long-term downtrend, indicating a potential technical breakout that could attract more investment into Brazilian equities [2]. - Historical data shows that during the last major commodity supercycle from October 2002 to May 2008, Brazilian equities outperformed the S&P 500 by over 1,000%, highlighting their sensitivity to resource-driven bull markets [3]. Group 3: Expert Insights - Brazilian macro analyst Otavio Tavi Costa suggests that the breakout of Brazilian equities is part of a larger global market shift, emphasizing the connection to the recent decline of the U.S. dollar [6][8]. - Analysts at 22V Research express a bullish outlook on Brazil, favoring emerging markets driven by commodities and materials sectors, and highlighting the continued weakness of the U.S. dollar as a catalyst for outperformance [9][10]. Group 4: Sector Composition and Investment Sentiment - The sector composition of EWZ aligns with favored investment themes, particularly in materials, energy, and banks, which are expected to benefit from the current market dynamics [12]. - Brazil has been structurally underowned and underperforming, creating a potential for significant momentum as capital begins to flow back into the market [13].

Core Viewpoint - Debon Technology has shown significant growth in revenue and net profit, indicating a strong market position in high-end electronic packaging materials [2] Group 1: Financial Performance - As of January 26, Debon Technology's stock price increased by 0.68%, with a trading volume of 457 million yuan [1] - For the period from January to September 2025, Debon Technology achieved a revenue of 1.09 billion yuan, representing a year-on-year growth of 39.01% [2] - The net profit attributable to shareholders for the same period was 69.75 million yuan, reflecting a year-on-year increase of 15.39% [2] Group 2: Shareholder and Market Activity - As of September 30, the number of shareholders for Debon Technology reached 11,700, an increase of 10.30% compared to the previous period [2] - The average number of circulating shares per shareholder increased by 45.20% to 12,171 shares [2] - The total financing and securities balance for Debon Technology as of January 26 was 383 million yuan, accounting for 4.76% of the circulating market value, which is above the 90th percentile level over the past year [1] Group 3: Business Segmentation - Debon Technology's main business revenue composition includes: 52.06% from new energy application materials, 24.14% from smart terminal packaging materials, 16.39% from integrated circuit packaging materials, and 7.27% from high-end equipment application materials [1]

Core Viewpoint - Plaid Technologies Inc. has appointed Shawn Babcock as Chief Operating Officer to enhance operational efficiency and commercialization of its innovative technologies, particularly in cement additives and graphene dispersion [1][4]. Company Overview - Plaid Technologies focuses on the development and commercialization of graphene-enhanced technologies, with an initial emphasis on wellbore cement and subsurface applications [7]. Leadership Appointment - Shawn Babcock brings over nine years of senior executive leadership experience, particularly in commercializing innovative technologies relevant to construction and materials [1][2]. - His previous role as CEO of Change Agronomy involved founding and scaling a major industrial hemp company, where he developed a multi-stage agronomy and processing platform [3]. Operational Focus - As COO, Babcock will oversee daily operations, focusing on scaling and commercializing the company's cement additive and graphene dispersion technologies [4]. - His responsibilities include advancing manufacturing readiness, supply chain integration, and quality control for the ready-to-blend cement additive [4][5]. Strategic Goals - Babcock aims to transition technology from validation to large-scale adoption, ensuring compatibility with existing cement handling and mixing practices [5]. - The company anticipates that its unique graphene-infused concrete mixture will lead to significant advancements in well abandonment processes [7]. Compensation and Incentives - In connection with his appointment, Babcock has been granted 200,000 stock options at $0.60 per share and 150,000 restricted share units, with specific vesting conditions tied to performance milestones [6].

Group 1 - The First Trust Indxx Global Natural Resources Income ETF (FTRI US) targets 50 dividend-paying companies that derive at least 50% of their revenue from upstream energy, materials, agriculture, water, or timber activities [1] - Eligible securities must have positive trailing-12-month EPS, have paid dividends for the past three years, and must not have reduced dividends in the last two years [1] - The index selects the 50 highest dividend-yielding companies, with a limit of 30% for any of the five resource categories [1] Group 2 - Constituents are weighted by free-float market capitalization, with a 9.9% cap per issuer and a 40% cap on the aggregate of stocks above 4.5% [1] - Excess weight is redistributed pro rata among the remaining constituents [1] - The index undergoes reconstitution and rebalancing semi-annually, typically in March and September [1]

Core Viewpoint - The Invesco S&P 500 Equal Weight Materials ETF (RSPM US) provides equal-weight exposure to materials companies within the S&P 500, allowing for a diversified investment approach in the materials sector. Group 1: Portfolio Construction Methodology - The underlying index offers equal-weight exposure to materials companies selected from the S&P 500 large-cap universe [1] - Eligible constituents are U.S.-domiciled common stocks listed on major U.S. exchanges, classified in the materials sector under GICS, and admitted to the S&P 500 based on specific guidelines [1] - The index includes all qualifying S&P 500 materials stocks without additional screens or factor tilts [1] - At quarterly rebalances in March, June, September, and December, all constituents are reset to a uniform 1/N weight, with weights evolving solely based on price changes and corporate actions between rebalances [1] - There are no explicit concentration caps beyond equal weighting, defining sector-level risk by the materials opportunity set in the S&P 500 [1]

Core Insights - Superorganism is the first venture capital firm dedicated solely to biodiversity, having launched in 2023 and closed its inaugural fund with $25.9 million in investments [7] - The firm focuses on funding biodiversity-focused startups, providing capital ranging from $250,000 to $500,000, and aims to expand its portfolio from 20 to 35 companies [3][4] Investment Focus - Superorganism targets companies in industries that have historically contributed to biodiversity loss, as well as those with climate and biodiversity overlaps, and conservation-enabling technologies like AI, robotics, and space tech [4] - The decision to invest is based on the scalability of the venture and the belief in the founder [4] Portfolio Highlights - Notable startups in Superorganism's portfolio include Inversa, which produces leather from invasive species; Sway, which creates thin film plastic from seaweed; and Array Labs, which specializes in 3-D imaging from space [5] Funding Sources - The inaugural fund received investments from various sources, including the Cisco Foundation, Builders Vision, and Wedgetail, along with contributions from private investors and philanthropists [6][7] - Over half of the global GDP (55%) relies on nature, amounting to over $58 trillion, highlighting the significant economic dependence on biodiversity [7]

As filed with the Securities and Exchange Commission on January 12, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Graphjet Technology (Exact name of registrant as specified in its charter) Cayman Islands 3620 N/A (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) (I.R.S. Employer Identification Number) Lot 3895, Lorong 6D, Kam ...

Group 1 - The 10th "Innovation and Entrepreneurship Competition of Science and Technology in Jiangsu" announced 177 winning projects from 827 entries, showcasing diverse technological advancements across six core sectors: information technology, equipment manufacturing, new materials, life sciences, modern agriculture, and food science [1] - The competition emphasized "hardcore technology," with many awarded projects achieving significant technological innovations at a leading domestic level, particularly in the equipment manufacturing sector [2] - Notable projects include a key technology for efficient exploration of deep oil and gas resources developed by a team from Sinopec, utilizing AI to enhance traditional analysis methods [2] Group 2 - Award-winning projects address real-world industrial challenges and public needs, demonstrating practical applications of technology in various sectors [3] - The "self-propelled flexible flower thinning robot" project developed by Jiangsu Academy of Agricultural Sciences targets labor efficiency issues in fruit farming, achieving a 50% reduction in labor for flower management [3] - An AI-based intelligent capsule robot for gastrointestinal examinations, developed by Wuxi Reshine Medical Technology Co., aims to provide non-invasive diagnostics, expanding access to healthcare [3] Group 3 - The innovation ecosystem is characterized by strong collaboration among universities, research institutions, and enterprises, with 89 projects led or participated by academic entities and 121 by enterprises [4][5] - Successful projects include a mass-producible anion exchange membrane electrolyzer stack developed in collaboration with the University of Science and Technology of China, highlighting effective technology transfer from research to industry [5] - The competition serves as a bridge for industry-academia collaboration, facilitating direct engagement between participants and companies to address industrial needs [5]

Summary of Zhejiang Huayou Cobalt Co Ltd Conference Call Company Overview - **Company**: Zhejiang Huayou Cobalt Co Ltd - **Industry**: Materials, specifically focusing on cobalt and lithium production - **Market Cap**: Rmb115,068 million - **Stock Rating**: Overweight - **Price Target**: Rmb76.00 - **Current Share Price**: Rmb68.00 as of January 5, 2026 Key Financial Results - **FY25 Preliminary Profit**: Rmb5.85-6.45 billion, representing a YoY increase of 41-55% [1] - **4Q25 Net Profit**: Implied at Rmb1.6-2.2 billion, up 44-97% YoY and 9-48% QoQ [1] - **Recurring Preliminary Net Profit for FY25**: Rmb5.6-6.3 billion, up 48-66% YoY [1] Core Growth Drivers - **Production Capacity**: Growth attributed to the Huafei project exceeding production capacity and sustainable high production from the Huayue project [2] - **Raw Material Self-Sufficiency**: Increased self-sufficiency in raw materials for MHP [2] - **Metal Prices**: Rise in cobalt and lithium prices contributing to profit growth [2] - **Operational Efficiency**: Improvement in operating efficiency and effective expense control [2] Future Outlook - **Metal Price Trends**: Anticipated benefits from rising nickel, cobalt, and lithium prices in 2026, particularly due to potential mining quota cuts in Indonesia [3] - **Cost Considerations**: Nickel production costs may increase due to rising sulphur prices, with an estimated usage of 8-10 tons per nickel ton [3] Financial Projections - **EPS Estimates**: - FY25: Rmb3.50 - FY26: Rmb4.78 - FY27: Rmb5.46 [6] - **Revenue Projections**: - FY25: Rmb77,865 million - FY26: Rmb85,592 million - FY27: Rmb99,966 million [6] Valuation Methodology - **Discounted Cash Flow (DCF) Model**: Price target derived from a DCF model assuming a WACC of 10.9% and a steady-state revenue growth rate of 2% [9] Risks - **Upside Risks**: Improvement in cobalt prices, copper price hikes, rising sales volume of NCM precursors, and cost declines on self-supply of nickel raw materials [11] - **Downside Risks**: Lower-than-expected cobalt and copper prices, weaker-than-expected demand affecting precursor sales volume, and slower ramp-up of Indonesia nickel projects [11] Additional Insights - **Analyst Ratings**: The stock is rated as Overweight, indicating expected performance to exceed the average total return of the industry [31] - **Market Sentiment**: The industry view is considered attractive, reflecting positive sentiment towards the materials sector, particularly in the context of battery production [6] This summary encapsulates the key points from the conference call regarding Zhejiang Huayou Cobalt Co Ltd, highlighting financial performance, growth drivers, future outlook, and associated risks.

Core Insights - 3M Company is launching new AI tools to enhance engineering design decisions, including an AI assistant and an expanded materials platform at CES 2026 [1] Group 1: Product Launch - 3M introduced "Ask 3M," an AI assistant designed to assist in bonding and assembly choices [2] - The AI tool directs users to suitable adhesives and tapes based on specific design requirements [3] - The Digital Materials Hub has been expanded to facilitate more comprehensive virtual testing workflows [3] Group 2: Benefits for Engineers - The company aims for customers to validate materials digitally before investing in physical prototypes, potentially reducing costs and iteration cycles [4] - Generative AI and modeling are utilized to enhance decision-making speed and accuracy for engineers [4] - Simulation-ready data cards are employed to support quicker evaluations within design software [4] Group 3: Functionality of Ask 3M - The pilot program for Ask 3M will focus on engineers dealing with bonding challenges, particularly in the Safety & Industrial group [6] - The assistant operates using Amazon Web Services tools, including Amazon Bedrock and AgentCore, and queries various factors to recommend options [6]