General Overview - The company establishes a Strategic Committee under the Board of Directors to enhance core competitiveness and improve decision-making processes [2][3] Composition of the Committee - The Strategic Committee consists of 5 directors, with members nominated by the Chairman and independent directors [3][4] - The term of the committee aligns with that of the Board, and members can be re-elected [3][5] Responsibilities and Authority - The committee is responsible for researching and proposing suggestions on the company's medium to long-term development strategies and major investment decisions [5] - It also checks the implementation of these strategies and decisions [5] Meeting Procedures - The committee holds meetings as needed, requiring at least two-thirds of members to be present for valid discussions [6][7] - Decisions are made by a majority vote, and members with conflicts of interest must abstain from voting [6][8] Documentation and Confidentiality - Meeting records must be kept for ten years, and all attendees are bound by confidentiality regarding insider information [8][10]

Core Viewpoint - The article discusses the advancements and potential of hydrogen and ammonia fuel technologies in the context of China's carbon neutrality goals, highlighting their role in transforming the energy structure and addressing renewable energy volatility [2][9]. Group 1: Policy and Industry Initiatives - The National Energy Administration has initiated pilot projects for hydrogen and ammonia fuel applications, particularly in coal and gas power generation, to facilitate the transition to low-carbon energy systems [2][8]. - The pilot schemes include specific scenarios for hydrogen and ammonia blending in gas turbines and coal boilers, aiming to promote low-carbon transformation in traditional thermal power [2][3]. Group 2: Technological Breakthroughs - Significant technological advancements have been made, such as the first zero-carbon ammonia combustion demonstration line by Mona Lisa Group, which eliminates carbon emissions in ceramic production [4]. - The successful launch of the world's first ammonia-fueled internal combustion engine ship, "Ammonia Hui," demonstrates the industrial application of ammonia fuel in shipping [4][5]. Group 3: Environmental Impact - The implementation of ammonia blending technology in coal-fired power plants can significantly reduce carbon emissions; for instance, a 600 MW coal unit can cut CO2 emissions by 183,700 tons annually with a 10% ammonia blend [5]. - If all 160 ceramic production lines in Foshan adopt the new ammonia technology, the annual reduction in emissions could reach 2.65 million tons [4]. Group 4: Challenges and Future Outlook - Despite the promising outlook, the large-scale application of hydrogen and ammonia fuels faces challenges, including technical issues related to combustion stability and efficiency, as well as high production and infrastructure costs [6][7]. - The article predicts that with policy support and technological advancements, hydrogen and ammonia fuels will transition from pilot projects to large-scale applications, with an expected production capacity of over 10 million tons per year by 2030 [8].

Core Viewpoint - The article discusses the transformation of Jingdezhen from a traditional porcelain production center to a vibrant hub for young artists and creators, highlighting the influx of "Jingdrifters" who seek artistic freedom and community in the city. Group 1: Historical Context - Jingdezhen gained fame during the Song Dynasty for its high-quality porcelain, particularly the Qingbai ware, which was highly sought after by the imperial court [6][7]. - The city became a center for porcelain production due to its unique kaolin clay and the influx of skilled artisans from various regions [9][10]. - Despite its historical significance, Jingdezhen faced economic challenges in the 19th and 20th centuries due to competition from other regions and changes in trade policies [16][17]. Group 2: Current Demographics and Trends - The city has seen a net inflow of population over the past decade, with an increase of 136,000 people, 80% of whom are young individuals [11]. - Currently, there are approximately 60,000 "Jingdrifters" in a city with a population of less than 900,000 [5]. - Jingdezhen Ceramic University, the only university in China named after ceramics, has over 20,000 full-time students, contributing to the creative atmosphere [12]. Group 3: Artistic and Economic Development - The establishment of the Yimei Industrial Park in 2022 serves as a creative base for artists and students from major art academies across China [13]. - The city offers low living costs and a complete industrial chain, making it an attractive place for young artists to experiment and create [13][14]. - Various markets and creative spaces, such as the Letian Market, have emerged, providing platforms for artists to sell their work and engage with consumers [20][21]. Group 4: Challenges and Future Outlook - Despite the growth in artistic activity, Jingdezhen's economy has struggled to keep pace with national and provincial averages, with the city being ranked last in economic output among Jiangxi's 11 cities [31]. - The local government has initiated plans to support "Jingdrifters" by addressing key issues such as healthcare, housing, and education [31]. - The city is experiencing a shift towards becoming a popular tourist destination, which has led to challenges such as rising costs and competition among local artisans [25][27].

Group 1 - The core viewpoint of the articles highlights that Dajiao Deer, the world's leading brand in ultra-wear-resistant tiles, has been recognized as a "Top Brand in Foshan Ceramics" due to its advanced technology, product innovation, and brand influence [1][9] - Dajiao Deer has developed a series of ultra-wear-resistant tile technologies, including the 4th generation Sapphire Crystal Ultra-Wear-Resistant Diamond Glaze, which boasts a maximum wear resistance of 6000 revolutions, setting a new industry standard [3] - The company holds over 70% of national invention patents for ultra-wear-resistant technology and has received international certifications, establishing itself as the top brand in wear resistance and patent quantity globally [3] Group 2 - Dajiao Deer has been recognized as the "Growth King of Chinese Tiles" by Frost & Sullivan, reflecting its strong market performance and brand reputation [5] - The company is actively expanding its international presence, participating in major global ceramic exhibitions and showcasing its technology through interactive events, enhancing its brand recognition and international influence [7] - Dajiao Deer has established six production bases in China and Malaysia, creating a collaborative system of technology, production, and products to support its global development [7] Group 3 - The recognition of Dajiao Deer as the "Global Leader in Ultra-Wear-Resistant Tiles" by Changpu Consulting marks a significant milestone for the brand and the Chinese tile industry in the international market [9] - The brand's achievements are seen as a testament to Foshan ceramics' advancement in the global value chain, positioning Dajiao Deer as a leader and innovator in the industry [9]

Core Viewpoint - The first Guangdong Quality Products Exhibition will be held from September 12 to 14 in Guangzhou, focusing on consumer themes and aiming to enhance domestic consumption and promote high-quality supply [1][2]. Group 1: Exhibition Overview - The exhibition will feature a "1+1+5+X+2" activity structure, including an opening ceremony, a policy briefing, five themed exhibition areas, multiple precise supply-demand matching activities, and two special supporting events [1]. - The exhibition area will cover 50,000 square meters, showcasing traditional advantageous products such as toys, home goods, ceramics, electronics, home appliances, and clothing [2]. Group 2: Participation and Audience - The event plans to invite over 1,000 exhibitors and more than 2,000 professional buyers, expecting to attract over 80,000 domestic and international professional visitors [2][3]. - The exhibition will leverage connections with approximately 4,000 merchants in professional markets and industrial parks to invite targeted customers, including major buyers like Walmart, Alibaba, and JD [3]. Group 3: Innovative Features - The exhibition will adopt an "exhibition + performance + sales" integration model, featuring a "Guangdong Quality Products Star Performance Carnival" to engage the "Z generation" consumer group [3][4]. - It will also include a "Cultural + Product" promotion plan to enhance overseas channels and attract international buyers [6][7]. Group 4: Services and Support - The exhibition will facilitate precise supply-demand matching by creating a "buyer profile database" and a "supplier capability database" to enhance the matching process [7]. - Various promotional activities will be organized, including brand promotion and new product launches, to maximize the exhibition's impact [4][5].

Core Viewpoint - The Guangdong Quality Products Exhibition aims to support local businesses in adapting to changing economic conditions by providing a platform for showcasing consumer products and facilitating domestic market expansion [1][8]. Group 1: Exhibition Overview - The first Guangdong Quality Products Exhibition will be held from September 12 to 14, 2023, at the Guangzhou Canton Fair Exhibition Hall, focusing on consumer goods [1]. - The exhibition will cover an area of 50,000 square meters and will feature five themed pavilions, including consumer electronics, fashion and beauty, toys, food, and home ceramics [3][6]. - The theme of the exhibition is "Guangdong Quality Products · Beautiful Guangdong," highlighting traditional advantageous products from Guangdong [3]. Group 2: Participation and Target Audience - The event will involve 167 industry associations and over 4,000 direct members, inviting leading brands and quality SMEs to participate [3][4]. - Approximately 4,000 merchants will be invited to target customers, including major purchasing giants like Walmart, Alibaba, and JD.com, as well as key professional buyers from Hong Kong, Macau, and ASEAN regions [4][6]. Group 3: Marketing and Engagement Strategies - The exhibition will include a "Guangdong Quality Products · Star Performance Carnival" to attract Gen Z consumers, converting cultural traffic into consumer traffic [6]. - Interactive experiences, such as consumer engagement and prize draws, will be incorporated to enhance the shopping experience and drive traffic from the exhibition to local communities [6][8]. Group 4: Government Support and Objectives - The Guangdong Provincial Department of Commerce will provide full subsidies for qualifying exhibitors' booth fees, focusing on supporting small and medium-sized enterprises [7]. - The primary goal of the exhibition is to secure orders and establish long-term cooperation between exhibitors and buyers, enhancing the effectiveness of participation [7][8].

Core Viewpoint - The announcement of new tariffs by the U.S. on goods from 70 countries, with rates ranging from 20% to 30%, has created significant turmoil in the foreign trade sector, prompting businesses to reconsider their strategies in the U.S. market [1] Group 1: Tariff Impact on Trade - The U.S. will impose tariffs of 20%-30% on goods from 70 countries and a 10% baseline rate for 100 countries, with Vietnam facing a staggering 40% tariff on transshipment goods [1] - Businesses are divided on how to respond, with some advocating for compliance and market retention, while others suggest pivoting to alternative markets [1][2] Group 2: Strategies for Compliance - A Zhejiang toy exporter calculated that raising prices by 25% could lead to a 30% loss in orders, but investing 300,000 in origin certification could reduce the effective tax burden to 12% [1] - A logistics manager in Shenzhen reported helping 30 companies adjust their shipping strategies to reduce tariffs by changing routes, despite a 5% increase in clearance costs [1] Group 3: Market Diversification - Some businesses are opting to exit the U.S. market, with a ceramic export manager reporting a shift to the Middle East after losing profitability due to tariffs [1] - Data indicates that in 2024, the U.S. will account for 16.5% of global imports, while Southeast Asia, the Middle East, and Africa combined will represent 32% [1] Group 4: Challenges and Risks - The compliance route faces challenges such as a lengthy six-month certification process, raising concerns about potential policy changes [5] - The alternative market strategy may struggle with longer payment terms in Southeast Asia, which could impact cash flow for small and medium enterprises [5]

Group 1 - The article discusses the impact of the complex international economic situation on businesses, prompting them to adjust their strategies and explore new domestic markets [1] - The first Guangdong Quality Products Exhibition will be held from September 12 to 14, 2023, in Guangzhou, supported by the Guangdong Provincial Department of Commerce [1][3] - The exhibition will focus on consumer products, featuring categories such as toys, home goods, ceramics, electronics, home appliances, and clothing, with an exhibition area of 50,000 square meters [3] Group 2 - The exhibition will include five themed pavilions focusing on consumer electronics, fashion and beauty, toys, food, and home ceramics, showcasing popular products and innovative items [3] - A total of 167 industry associations and over 4,000 direct members will be involved in inviting brand enterprises to participate, along with targeted invitations to major buyers like Walmart, Alibaba, and JD [3] - To attract the "Z Generation" consumers, the event will feature a "Guangdong Quality Products Star Performance Carnival" and various interactive experiences to enhance consumer engagement [4]

丨 来源： 新华财经 2025-07-03 目前广东辖区内披露、完成重大资产重组交易超20单，首单百亿级"A收H"、首单跨 界脱困转型等典型案例不断涌现，资本循环明显提速。 新华财经广州7月3日电 记者从广东证监局获悉，随着并购新规陆续出台，广东并购 重组市场活力迸发，不断加速。"并购六条"发布以来，广东辖区上市公司新增披露并购 重组227单，涉及金额780亿元，交出亮眼的成绩单。 畅通资本循环 重磅案例接续落地 广东证监局数据显示，目前广东辖区内披露、完成重大资产重组交易超20单，持续 位居全国首位；多个有代表性的重磅并购重组项目如首单百亿级"A收H"、首单跨界脱困 转型等典型案例接续落地，一批上市公司通过并购重组实现了资源整合与业务协同、战 略资产获取与核心能力增强、市场规模扩大与竞争力提升、投资价值提升与股东回报增 加，有力提振市场信心，资本循环明显提速。目前，广东证监局持续创新工作方法，支 持和引导辖区上市公司结合发展需要积极谋划开展并购重组 ， 不断做好培育和发展新质 生产力这篇大文章。 推动地方建章立制。为推动并购重组、激活广东资本市场，广东印发《关于高质量 发展资本市场 助力广东现代化建设的若干 ...

Core Viewpoint - The Guangdong merger and acquisition (M&A) market is experiencing significant growth and activity, driven by new regulations and policies that enhance capital circulation and support for companies engaging in M&A transactions [1][2][3]. Group 1: M&A Activity and Achievements - Since the introduction of the "M&A Six Guidelines," Guangdong has seen 227 new M&A transactions disclosed by listed companies, totaling 78 billion yuan [1]. - Guangdong leads the nation with over 20 major asset restructuring transactions completed, including significant cases like the first 10 billion-level "A acquiring H" and cross-industry transformation [2]. - TCL Technology has successfully executed two major acquisitions worth over 10 billion yuan within six months, enhancing its production capacity and technological capabilities [2]. - Songfa Co. has transitioned from traditional ceramics to high-end ship manufacturing through a major asset swap and acquisition of 100% equity in Hengli Heavy Industry, resulting in improved operational metrics [2]. - Hanlan Environment's acquisition of Yuefeng Environmental has increased its waste incineration capacity from 45,050 tons/day to 97,590 tons/day, marking a growth of approximately 117% [2]. Group 2: Policy and Regulatory Support - Guangdong has issued measures to enhance the capital market, encouraging local governments to support M&A activities, particularly for technology and traditional industries [3]. - The establishment of a specialized working mechanism by the Guangdong Securities Regulatory Bureau aims to provide tailored support for listed companies' M&A progress and challenges [3]. - A comprehensive service platform, the "Guangdong Capital Market M&A Alliance," has been formed to facilitate collaboration among various stakeholders, including government departments and financial institutions [4]. Group 3: Market Environment and Future Outlook - Companies in the Guangdong-Hong Kong-Macao Greater Bay Area are increasingly pursuing overseas acquisitions to mitigate risks and expand their global presence [5]. - The region boasts a strong foundation of quality listed companies with deep industry knowledge, enabling effective use of M&A tools for industry expansion [5]. - Guangdong's government-led funds and a robust venture capital industry provide substantial support for companies engaging in M&A activities [6]. - Future initiatives will focus on aligning with national policies to enhance the quality of listed companies and accelerate the modernization of Guangdong's industrial system [6].