Core Insights - A new company, Ningbo Hema Network Technology Co., Ltd., was established on September 28, with a registered capital of 30 million RMB [1] - The company is wholly owned by Hema (China) Co., Ltd. [1] Company Overview - The legal representative of the new company is Leng Zhiyong [1] - The business scope includes ticketing agency services, import and export of goods, general cargo warehousing services, sales of Class I medical devices, internet sales, automotive decoration products sales, electronic products sales, initial processing of edible agricultural products, and retail of edible agricultural products [1]

Core Insights - Guangzhou Zheye Network Technology Co., Ltd. has been established with a registered capital of 10,000 RMB and is represented by Shi Jincan [1] Company Overview - The company operates in various retail sectors including pet food and supplies, hardware products, computer software and hardware, daily household appliances, motorcycle and auto parts, photographic equipment, musical instruments, arts and crafts, jewelry, sports equipment, stationery, bicycles, kitchenware, cosmetics, clothing, and internet sales [1] - The company also engages in advertising services, including publishing, production, design, and agency, as well as technology services such as development, consulting, and transfer [1]

Core Viewpoint - Nanjing Daxing Sheng Network Technology Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various food and beverage production and sales activities [1] Company Summary - The legal representative of the newly established company is Xu Xia [1] - The company’s registered capital is 1 million RMB [1] - The business scope includes licensed projects such as tea product production, food production, food sales, beverage production, and internet sales of food [1] - General projects include technology services, development, consulting, and sales of agricultural products and tea utensils [1]

Group 1 - The company plans to provide a guarantee for credit financing not exceeding RMB 1.2 billion for itself and its subsidiaries to meet business development and operational funding needs [1][3] - The company has authorized its chairman to handle specific procedures and sign relevant contracts within the approved financing limit without needing to convene additional board or shareholder meetings [2][3] - The company will provide joint liability guarantees for its subsidiary, Shifeng (Shenzhen) Network Technology Co., Ltd., for its financing with CITIC Bank [3][8] Group 2 - Shifeng Network, a wholly-owned subsidiary of the company, has signed a comprehensive credit contract with CITIC Bank for a financing amount of RMB 10 million [2][5] - The company has a total of RMB 248.55 million in actual guarantees, accounting for 34.53% of its most recent audited total assets, with no overdue guarantees or litigation-related guarantees [10]

Core Insights - Yuanqi Diandian (Zhuhai) Network Technology Co., Ltd. has been established with a registered capital of 1.01 million RMB [1] - The company’s business scope includes food sales, health food production, and various food-related services [1] Business Scope - The company is involved in licensed projects such as food sales, health food production, and infant formula food production [1] - General projects include technology services, real estate leasing, internet sales (excluding licensed goods), and various health-related services [1] - The company also engages in the sale of personal hygiene products, household goods, and toys, among other items [1]

Group 1 - Three new companies have been established: Hangzhou Biaoge Network Technology Co., Ltd., Hangzhou Shiqing Network Technology Co., Ltd., and Hangzhou Deze Network Technology Co., Ltd. [1] - All three companies are indirectly wholly owned by Kaiying Network (002517) according to Qichacha's equity penetration data [1]

Core Points - Chizhou Yungui Network Technology Co., Ltd. has recently been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Zhang Lixin [1] Business Scope - The company engages in various technical services including technology development, consulting, and transfer [1] - It provides network technology services and data processing and storage support services [1] - The company is involved in information system integration services and leasing services excluding licensed leasing [1] - It offers sales of smart warehousing equipment and retail of computer software and hardware [1] - The company also provides domestic cargo transportation agency services and ordinary cargo warehousing services, excluding hazardous chemicals [1] - Advertising services including production, publication, design, and agency are part of its offerings [1] - The company provides social and economic consulting services, marketing planning, and conference and exhibition services [1]

Core Viewpoint - Hunan Jiaoshanxia Network Technology Co., Ltd. has recently been established with a registered capital of 2 million RMB, focusing on various business activities including food sales and technology services [1] Company Summary - The legal representative of the company is Wei Jianjun [1] - The registered capital of the company is 2 million RMB [1] - The company is involved in a wide range of business activities, including food sales, internet sales of food, and alcohol sales, which require relevant approvals [1] Business Scope - The company’s licensed projects include food sales, internet food sales, and alcohol operations, which are subject to approval by relevant authorities [1] - General projects include retail of cosmetics, daily necessities, office supplies, and coatings (excluding hazardous chemicals) [1] - The company also engages in the sale of traditional spice products, food additives, tea sets, and agricultural products, along with various technology services such as software development and IoT technology research [1] - Additional services include supply chain management, health food sales, and internet sales of non-licensed goods [1]

Group 1 - Jiangxi Hongyi Network Technology Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Li Xihong [1] - The business scope includes internet information services, health food production, food sales, online food sales, and liquor operations, subject to necessary approvals [1]

Core Points - The company has approved a profit distribution plan for the year 2024, proposing a cash dividend of RMB 0.5 per 10 shares, with no capital reserve transfer or bonus shares [6][7][8] - The company plans to repurchase shares using its own funds, with a maximum price of RMB 22.95 per share, and aims to buy back between approximately 1.3 million to 2.2 million shares [8][9] - A new wholly-owned subsidiary, Fujian Xingxuan Shikong Network Technology Co., Ltd., will be established with an investment of RMB 10 million to enhance the company's gaming business [63][64] Financial and Operational Highlights - The company reported that all directors attended the board meeting to review the half-year report, ensuring compliance with legal and regulatory requirements [1][12] - The board has approved the establishment of a three-year dividend plan (2025-2027) to enhance transparency and encourage long-term investment [15][58] - The company has revised its articles of association, eliminating the supervisory board and transferring its responsibilities to the audit committee of the board [67] Governance and Compliance - The board has made several amendments to governance documents, including the rules for shareholder meetings and board meetings, to align with current laws and improve operational efficiency [18][25][67] - The company has ensured that all disclosures are accurate and complete, with no misleading statements or omissions [10][55]