Core Insights - In May, Tianhu Technology recorded 21 investment and financing events related to technology innovation and entrepreneurship in Chengdu, indicating a vibrant investment landscape in the region [1][3]. Group 1: Investment Events - Chengdu Hailong Aerospace Technology Co., Ltd. completed angel round financing, focusing on the development of star sensors and magnetic moment devices [2][10]. - Chengdu Zhongke Xingchen Information Technology Co., Ltd. secured equity financing, specializing in satellite mobile communication terminals [2][11]. - Chengdu Xinglu Aerospace Technology Co., Ltd. completed equity financing, engaged in satellite technology integration [2][12]. - Sichuan Jushen Humanoid Robot Technology Co., Ltd. raised tens of millions in angel round financing, focusing on humanoid robots [2][13]. - Chengdu Jiuzhang Zhifang Technology Co., Ltd. completed equity financing, providing technology promotion services [2][14]. - Chengdu Annu Intelligent Technology Co., Ltd. raised tens of millions in seed round financing, focusing on humanoid robot applications [2][15]. - Chengdu Chengfa Kenen Power Engineering Co., Ltd. completed A round financing, specializing in industrial power equipment [4]. - Chengdu Chuangyi Micro-Nano Technology Co., Ltd. completed angel round financing, focusing on specialized instrument manufacturing [6]. - Sichuan Blue Ocean Intelligent Equipment Manufacturing Co., Ltd. completed A round financing, specializing in intelligent equipment for underground engineering [7]. - Chengdu Jingzhan Electronic Technology Co., Ltd. completed A round financing, focusing on power semiconductor chip design [8]. - Sichuan Jinlong Microelectronics Technology Co., Ltd. completed A round financing, specializing in MEMS silicon oscillators [9]. - Chengdu Weikang Biotechnology Co., Ltd. completed equity financing, focusing on biotechnology research [17]. - Chengdu Kerry Medical Technology Co., Ltd. completed tens of millions in Pre-A round financing, focusing on intelligent blood collection robots [18]. - Sichuan Tiannuo Juneng New Energy Development Co., Ltd. completed equity financing, focusing on lithium-silicon anode materials [19]. - Chengdu Hangxin Aviation Equipment Technology Co., Ltd. completed equity financing, specializing in aviation parts manufacturing [21]. - Chengdu Xinghan Aerospace Technology Co., Ltd. completed equity financing, focusing on rocket control systems [22]. Group 2: Market Trends - The majority of financing events were in the seed and angel round stages, indicating a focus on early-stage investments [3]. - The digital economy and electronic information sectors were the hottest investment areas in Chengdu, with nearly 30% of projects related to the digital economy and about 25% related to electronic information [3].

Core Viewpoint - The company plans to sell 100% equity of its subsidiary, Yangzhou Wanyun, to an affiliated party, Tianjin TEDA Asset Management Co., Ltd, to focus on its core business in ecological environmental protection and gradually divest non-core assets [1][16]. Summary by Sections 1. Related Transaction Overview - The transaction involves the non-public transfer of 100% equity of Yangzhou Wanyun Construction Development Co., Ltd to Tianjin TEDA Asset Management Co., Ltd, which is an affiliated entity [1][2]. - The net asset valuation of Yangzhou Wanyun is set at 2,592.6432 million yuan as of April 30, 2025, based on an asset appraisal report [2][12]. 2. Board Approval - The board of directors approved the transaction with a unanimous vote of 5 in favor, with no opposition or abstentions [2][17]. - Independent directors reviewed and agreed on the transaction, ensuring no conflicts of interest [2][17]. 3. Financial and Asset Details - Yangzhou Wanyun's total assets were valued at 4,075.3327 million yuan, with total liabilities of 1,484.2396 million yuan, resulting in a net asset value of 2,591.0931 million yuan as of April 30, 2025 [7][8]. - The company has a clear ownership structure with no encumbrances or disputes related to the equity being transferred [6][11]. 4. Transaction Pricing and Terms - The transaction price is based on the net asset valuation as of the appraisal date, ensuring a fair and objective pricing principle [12][16]. - The transfer will be executed in cash, with the total consideration amounting to 2,592.6432 million yuan [12][13]. 5. Strategic Rationale - The divestment aligns with the company's strategy to concentrate resources on its core ecological and environmental business, thereby optimizing its asset structure and reducing the overall debt ratio [16][17]. - The transaction is expected to improve the company's financial condition and enhance market valuation by reducing the asset-liability ratio by approximately 1.4 percentage points [16]. 6. Impact on the Company - The sale of Yangzhou Wanyun will lead to a more focused operational strategy, allowing the company to enhance its competitive edge in the environmental sector [16][17]. - The transaction is anticipated to positively influence the company's financial results, with the final impact to be reflected in the audited financial statements for 2025 [16].

Core Viewpoint - *ST Dongyuan (002310) announced that its stock will be suspended for one day on May 28, 2025, and will resume trading on May 29, 2025, with the removal of delisting risk warnings and a change in stock abbreviation to "Dongfang Garden" [2] Group 1: Company Financials - The company reported negative net assets for the fiscal year 2023, leading to risk warnings being implemented [2] - After completing a restructuring plan and showing no further risk in the 2024 financial report, the company applied for and received approval to remove risk warnings [2] - Revenue for 2022, 2023, and 2024 was 3.409 billion, 569 million, and 877 million RMB, reflecting year-on-year changes of -67.50%, -83.30%, and 54.07% respectively [5] - The net profit attributable to shareholders for the same years was -5.817 billion, -5.083 billion, and -3.603 billion RMB, with year-on-year changes of -402.17%, 12.60%, and 29.11% respectively [5] - The company's asset-liability ratios were 85.15%, 97.07%, and 28.88% for the years 2022, 2023, and 2024 [5] Group 2: Legal and Regulatory Issues - The company received an administrative penalty from the China Securities Regulatory Commission for failing to adjust revenue in line with cost reductions, resulting in inflated financial figures for 2019 and subsequent years [3] - The penalties included a warning and a fine of 1.5 million RMB for the company and 700,000 RMB for an individual involved [3] - Investors who suffered losses from April 30, 2020, to July 13, 2023, can register for compensation [4] Group 3: Company Overview - *ST Dongyuan was established on July 2, 1992, with a registered capital of approximately 599.93 million RMB [4] - The company operates in three main business segments: water environment comprehensive governance, industrial hazardous waste disposal, and industrial waste recycling [4] - The current chairman is Zhang Haonan, and the company has 46 employees [5]

Group 1 - Yulin City is actively promoting environmental protection initiatives, including the "Blue Sky, Clear Water, and Clean Land" campaign, to improve environmental quality [1][2] - Shenmu City plans to add 1,709 new centralized heating users by 2024, achieving 100% coverage for clean heating in urban areas [1] - An investment of 1 billion yuan will be made in 2024 for comprehensive road dust and environmental management across Shenmu City [1] Group 2 - The ecological environment along the Wuding River has significantly improved, becoming a habitat for wildlife, including the successful breeding of six young crested ibises [2] - Yulin City recorded 312 "good weather" days in 2024, an increase of 15 days year-on-year, with air quality indicators meeting standards for five consecutive years [2] - The city is focusing on key areas and industries to combat pollution, implementing measures for dust control, ozone reduction, and fine particulate matter management [2] Group 3 - By 2025, Yulin City aims to steadily increase the proportion of days with good air quality, and by 2030, establish a green low-carbon industrial system [3]

广州市委、市政府积极贯彻落实党中央有关部署，按照广东省委、省政府工作要求，多次研究推进美丽 广州建设相关工作，获得生态环境部（综合司）单独复函支持开展美丽城市建设，经市委常委会会议审 议后印发实施《广州市打造美丽中国城市样板工作方案》，围绕"降碳、减污、扩绿、增长"部署开展10 项重点工作，推进打造"可感知、可持续、可共享、可复制、可共赢"的示范样板。启动编制《美丽广州 建设规划纲要》《美丽细胞建设指引》等。 发展美丽经济，打造美丽中国城市样板投融资试点首开示范项目 近年来，广州市作为国家中心城市、粤港澳大湾区核心引擎城市，生态环境质量持续改善，经济社会绿 色转型不断推进。2024年，广州环境质量再上新台阶，空气质量优良天数比例（AQI达标率）提升至 94%，PM2.5平均浓度下降至21微克/立方米，创历史新低，继续在国家中心城市中保持最优；国考省考 断面水质优良比例提升至100%，近岸海域无机氮浓度下降至1.47毫克/升。 试点示范取得积极进展，广州市入选国家首批碳达峰试点名单、国家环境健康管理试点名单，南沙新区 入选全国首批气候投融资试点名单，南沙经济技术开发区入选全国首批减污降碳协同创新试点名单，流 溪 ...

致：东珠生态环保股份有限公司 东珠生态环保股份有限公司（以下简称"公司"）2024 年年度股东会（以下简 称"本次股东会"）采用现场投票与网络投票相结合的方式召开，其中现场会议于 汉盛律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股东 会现场会议，并根据《中华人民共和国公司法》 《中华人民共和国证券法》 （以下 简称"《证券法》"）、 《上市公司股东会规则》 （以下简称"《股东会规则》"）以及 《东珠生态环保股份有限公司章程》 上海汉盛律师事务所 关于东珠生态环保股份有限公司 （以下简称"《公司章程》"）等有关规定，就 本次股东会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议表 决程序及表决结果等事项出具本法律意见书。 为出具本法律意见书，本所律师审查了《东珠生态环保股份有限公司第五届 董事会第十八次会议决议公告》《东珠生态环保股份有限公司第五届监事会第十 《东珠生态环保股份有限公司关于召开 2024 年年度股东会的 六次会议决议公告》 通知》 （以下简称"《召开股东会通知》"）以及本所律师认为必要的其他文件和资 料，同时审查了出席现场会议股东的身份和资格，本所见证律师现场参加了 ...

Core Points - The Guangxi Activity Week at the China Pavilion during the 2025 Osaka Expo will take place from June 11 to 13, with the theme "Beautiful Guangxi, Green Future" [1][2] - The event will feature a series of activities categorized as "4+3+N," including an opening ceremony, exhibitions, intangible cultural heritage performances, and cultural shows, aimed at showcasing Guangxi's achievements and promoting economic and cultural exchanges globally [1][2] Group 1 - The "Encountering Unique Guangxi" section will host the "Green · Coexistence · Towards the Future" exhibition, utilizing a combination of physical and digital technologies to highlight Guangxi's natural resources, ecological environment, and cultural heritage [1][2] - Featured products will include Guangxi's traditional items such as Zhuang brocade, Ni Xing pottery, and Liu Bao tea, alongside immersive projects like digital avatars and VR experiences to attract international visitors [1][2] Group 2 - The "Understanding Opportunities in Guangxi" section will leverage the Expo platform to showcase Guangxi's specialty products and facilitate business negotiations between Chinese and Japanese enterprises, focusing on ecological, energy, and health industries [2] - The "Spreading the Beauty of Guangxi" section will employ diverse media strategies to present Guangxi's ecological charm and cultural depth, integrating modern technology with traditional heritage for an immersive experience [2]

央视网消息：吉林长春的南溪湿地公园紧邻居民区和商业区，每到周末，会有数以万计的游人到这里休闲度假。 温暖和煦的天气吸引了近2万游客来此处游玩，绿地上已支起了几百顶花花绿绿的帐篷，这里是公园专门规划的帐篷营地。到了夜 晚，湖中央喷泉还将上演音乐秀和水幕电影，不少人都冲着这场视听盛宴，来享受亲水时光。 这个时节的南溪湿地，尽管植被还没有达到繁茂的状态，但一簇簇新绿更能让人感受到蓬勃生机。占地240多公顷的湿地公园是2017 年建成的，由蝶湖、莲湖、映云湾等6部分水体组成。从空中看，星罗棋布的水体如同镶嵌在城市里的一颗颗"宝石"。君子湖是游客 亲水游玩的热门区域，有游客在湖面划船。在稍远一点的区域，还可以体验到帆船、皮划艇等水上运动。 值得一提的是，尽管这是一块被居民区和商业区包围的湿地，但人与自然和谐共生的环境，使这里每到春夏时节，都会吸引像白 鹭、鹊鸭等30多种鸟类前来此栖息、繁衍。这些灵动的小家伙们更为湿地增添了灵气，平时不少老年摄影爱好者回来蹲守拍照。 这项工程就是启动于2016年的伊通河综合治理工程。通过吉林一号卫星拍摄的影像可以看到，这是2016年7月的伊通河，河面上遍布 着的刺眼的绿色物质，是当时黑臭 ...

Core Viewpoint - The transformation of beautiful landscapes into a beautiful economy is both a service goal and a challenge for green finance, requiring innovative thinking, resource integration, and tailored financing models to create a virtuous cycle of ecology, economy, and finance [1] Group 1: Project Financing and Development - The ongoing construction of the Jingling Reservoir in Zhejiang Province is expected to have a total storage capacity of 313 million cubic meters, enhancing flood control, water supply, power generation, and irrigation [2] - The financing for ecological and environmental projects often faces challenges due to their quasi-public nature and limited short-term cash flow, necessitating innovative financing solutions [3] - The successful operation of the Tangpu Reservoir, which repaid its debts within ten years, demonstrates the potential for long-term financing strategies, allowing the Shaoxing Raw Water Group to convert operational profits into REITs for funding the Jingling Reservoir [3] Group 2: Resource Integration and Environmental Restoration - The restoration of Xianghu Lake involved significant environmental protection efforts, resulting in a water area of 6.1 square kilometers and improved water quality, which is crucial for attracting high-tech industries [4][5] - The integration of ecological restoration with industrial development can enhance economic benefits, allowing for a cycle where industrial profits support further ecological investments [5][6] Group 3: Long-term Planning and Policy Design - Developing green finance requires a long-term perspective, creating a replicable framework that integrates ecological, economic, and financial goals [7] - The establishment of a comprehensive plan by the National Development Bank and local governments aims to enhance the sustainable development capacity of environmental projects through integrated implementation [7][8] - The People's Bank of China is working on standards for transition finance, focusing on high-carbon industries' shift to green practices, which is gaining market acceptance [8]

Core Viewpoint - The "Beautiful Hubei" strategy is a crucial initiative for Hubei to accelerate its role as an important strategic support point for the rise of Central China, focusing on enhancing ecological carrying capacity through a systematic action plan [1] Group 1: Overall Goals - The action plan outlines a three-step overall goal: 1. By 2027, promote green low-carbon development with water quality in the Yangtze River and Danjiangkou Reservoir maintained at Class II or above, and Honghu water quality at Class IV [1] 2. By 2030, achieve significant results in the green low-carbon transformation of production and lifestyle, with comprehensive improvement in ecological quality [1] 3. By 2035, establish a widely adopted green production and lifestyle, fundamentally improving the ecological environment and achieving high standards for Beautiful Hubei [1] Group 2: Six Major Actions - The action plan includes six major actions with 18 key tasks aimed at enhancing ecological carrying capacity: 1. High-level protection and quality improvement of the Yangtze River, focusing on pollution prevention and biodiversity protection [2] 2. Continuous improvement of ecological environment quality through source control and pollution prevention [2] 3. Promotion of green low-carbon development by adjusting industrial and energy structures [2] 4. Construction of beautiful cities and villages, promoting green and livable environments [2] Group 3: Ecological Product Value Realization - The plan emphasizes innovation in ecological product value realization, including the expansion of the national carbon market and the promotion of market-oriented reforms for environmental rights [3] Group 4: Water Quality Improvement - Hubei aims for a 95.8% excellent water quality rate at national control sections by 2024, with continuous maintenance of Class II water quality in the Yangtze and Han Rivers [4] - The implementation of the river and lake chief system has led to significant improvements in water quality and increased public satisfaction [4] Group 5: Urban Renewal and Cultural Heritage - Hubei has renovated 22,000 old residential communities, benefiting 3.44 million households, and is promoting urban renewal and cultural heritage protection [6] - The province has developed guidelines for urban park scene creation, enhancing public recreational spaces [6]