Group 1 - The core transaction involves Zhejiang Shenghua selling 193,316,930 domestic shares to Chip Cloud Intelligence at a price of HKD 0.079 per share, totaling approximately HKD 15.27 million, which represents about 38.16% of Shenghua Land's total issued shares [1] - Shenghua also agreed to sell 65,022,000 H-shares to Junran Technology at the same price of HKD 0.079 per share, amounting to approximately HKD 5.14 million, representing about 12.84% of Shenghua Land's total issued shares [1] - After the completion of these transactions, Zhejiang Shenghua will no longer hold any shares in Shenghua Land, and Shengyang will directly hold 52,578,000 H-shares, accounting for approximately 10.38% of the total issued shares [1] Group 2 - Following the completion of the transactions, the offerors and their concert parties will collectively own approximately 51.00% of Shenghua Land's total issued shares [2] - According to the takeover code, the offerors must make a mandatory unconditional offer for all remaining issued shares not already owned or agreed to be acquired by them, with the offer price for domestic shares set at RMB 0.072, equivalent to HKD 0.079, and for H-shares at HKD 0.079, which is a discount of about 20.20% from the last trading price [2] Group 3 - Shenghua Land has applied to the Stock Exchange to resume trading of H-shares starting from 9:00 AM on July 28, 2025 [3] - Chip Cloud Intelligence primarily provides chemical trading services, big data services, and AI data platform technology services, and is wholly owned by Shanghai Chip Cloud and Cloud [3] - Junran Technology focuses on technology investment, software and hardware development, and consulting services, and is wholly owned by Mr. Zhang Yi [3]

Group 1 - The event held on July 9 aimed to connect advanced technologies from central enterprises like Sinopec with the needs of the Ningxia chemical industry, promoting the transformation of scientific achievements into practical applications [1] - Experts from various organizations presented technological achievements in areas such as light hydrocarbon processing, new materials, environmental governance, and intelligent control, facilitating direct communication with enterprise representatives [1] - Financial institutions like Bank of China and Ningdong Guarantee Company introduced technology finance policies and credit products, providing diversified solutions to address financing challenges for enterprises [1] Group 2 - By the first half of 2025, the Ningdong base plans to enhance support for technology finance, leveraging various innovation investment funds to attract more financial capital for enterprise technological innovation [2] - The financial matchmaking event attracted over 80 enterprises, resulting in cooperation intentions between financial institutions and 7 companies, with a total credit amount exceeding 350 million yuan [2] - The initiative aims to promote active technological, technical, and industrial innovation among enterprises, facilitating the transformation of more scientific and technological achievements into practical applications [2]

Core Viewpoint - Youth enterprises are becoming a significant force in driving industrial upgrades and high-quality development, supported by tax incentives and services from local tax authorities [1] Group 1: Tax Incentives and Support - The tax authorities in Qiannan focus on providing tailored support to youth enterprises through policy interpretation, application guidance, and compliance assistance [3][6] - Guizhou Mingfeng Animation Cultural Gifts Co., Ltd. benefited from tax policies, receiving over 160,000 yuan in tax reductions, which boosted their confidence in increasing R&D investments and market expansion [4] - Guizhou Mingtai Chemical Technology Co., Ltd. received over 11 million yuan in R&D expense deductions, highlighting the effectiveness of tax incentives in alleviating financial pressures [9] Group 2: Service Initiatives - The Longli County tax bureau launched a "Newcomer Package" for newly established youth enterprises, providing comprehensive tax knowledge and on-site guidance [6][7] - A specialized training program called "First Class for Startups" was introduced to educate over 30 youth enterprises on tax policies and procedures [7] - The tax authorities actively engage with enterprises to ensure they understand and utilize available tax benefits effectively [9][10] Group 3: Industry Impact - Youth enterprises are increasingly recognized for their innovative capabilities, contributing to the local economy and industry upgrades [1][10] - The proactive approach of tax authorities in supporting youth enterprises is expected to foster a more favorable business environment and stimulate economic growth in Qiannan [10]

Core Points - The company adjusted its cash dividend per share from 0.286 yuan (tax included) to 0.28601 yuan (tax included) due to a change in total share capital after the repurchase and cancellation of 34,085 restricted shares [1][3] - The total cash dividend to be distributed is 368,949,639.63 yuan (tax included), which represents 35.01% of the net profit attributable to shareholders in the consolidated financial statements for the year 2024 [2][4] - The adjustment in the per-share distribution is based on the principle of maintaining the total distribution amount unchanged while accounting for the reduced number of shares participating in the distribution [3][4] Summary of Profit Distribution Plan - The company plans to distribute cash dividends to all shareholders based on a total share capital of 1,290,033,705 shares as of December 31, 2024 [2] - After the repurchase and cancellation of shares, the actual number of shares participating in the distribution is 1,289,999,620 [2][3] - The adjusted cash dividend per share calculation is based on the unchanged total distribution amount divided by the new total number of shares [3]

Core Points - The company is organizing a shareholders' meeting to ensure the rights of all shareholders and maintain order and efficiency during the meeting [1][2] - The meeting will take place on April 11, 2025, at 14:30, with both on-site and online voting options available [2][3] - The agenda includes the election of He Yujie as a non-employee representative supervisor for the eighth supervisory board [4][5] Meeting Procedures - The company has established a meeting service team to manage procedures and services during the meeting [1] - Attendees must register in advance to speak, and each speaker is limited to two speeches of no more than five minutes each [1][2] - The meeting will be presided over by Chairman Wang Jun, and the voting will be conducted through both on-site and Shanghai Stock Exchange online voting systems [3] Voting and Legal Oversight - A law firm will be present to witness the meeting and provide a legal opinion [2] - The voting process will ensure that any duplicate votes are counted only once, with the first vote being the valid one [3] - The results of the voting will be announced after counting and verification, followed by the signing of the meeting resolutions [4]