Core Insights - The fourth China (Mianyang) Science and Technology City Laser Technology Innovation Industry Conference highlighted Mianyang's strong foundation in laser research and its conducive innovation environment [1] - The China (Mianyang) Science and Technology City International Science and Technology Expo has facilitated the transformation of over 2,000 technological achievements and attracted more than 5,000 enterprises, resulting in transaction volumes exceeding 100 billion [2] - The release of the "Disruptive Technology Outlook (2025)" report at the current expo is expected to draw significant attention from the technology and industry sectors [3] Group 1: Technology and Innovation - Mianyang's establishment of the Tianfu Industrial Technology Research Institute aims to bridge the gap between technological resources and industrial development, addressing common issues of information asymmetry in technology projects [4] - The Mianyang Science and Technology Innovation Investment Company is focused on early-stage investments to facilitate the initial transition of technologies from laboratories to industry [5] - The success rate of technology transformation can reach over 80% after undergoing pilot testing, with 35 pilot testing platforms already established in Sichuan, covering traditional and emerging industries [5] Group 2: Industrial Development - Mianyang has proposed a "587" industrial system, focusing on five main industrial chains, eight collaborative development chains, and seven new specialty industrial tracks [6] - Each industrial chain in Mianyang is supported by dedicated research institutes or chief scientists, exemplified by the establishment of an industrial research institute for magnetic materials [6] - The local robot industry chain can supply over 80% of the components needed for projects, demonstrating the strength of Mianyang's industrial ecosystem [7] Group 3: Collaboration and Networking - The expo features a dedicated roadshow area to promote the transition of advanced technological achievements into practical applications [7] - The collaborative atmosphere at the expo is expected to foster more innovative partnerships and opportunities for technology transfer [1][7]

Group 1 - The 2025 China Private Enterprise Investment and Financing Fair, co-hosted by the Ministry of Science and Technology and the Tianjin Municipal Government, will be held in late September in Tianjin [1] - As a key pre-event for the fair, a second high-quality project roadshow focusing on the low-altitude economy was successfully held on September 12, featuring seven innovative companies [6] - The roadshow invited 22 well-known investment institutions and 14 financial institution representatives to support and diagnose the projects, facilitating the acceleration of quality enterprises [6] Group 2 - The event effectively promoted deep integration between industry and finance, achieving efficient connections between quality projects and capital [9] - More than ten thematic roadshow activities will be launched during the fair to continuously expand financing channels for enterprises [9] - The initiative aims to build an efficient cooperation platform for innovative projects and investment institutions across various fields, fostering empowerment and collaborative development [9]

Group 1 - Wuhan's economic growth is highlighted by significant increases in high-tech enterprises, with over 2,000 new companies added annually and the private sector's annual added value surpassing 1 trillion yuan for the first time [1] - The city has implemented over 110 integrated business services, benefiting more than 2.5 million enterprises and individuals, showcasing a shift from "enterprises seeking policies" to "policies pursuing enterprises" [6][8] - The number of business entities in Wuhan has grown from 1.41 million in 2020 to 2.575 million in the first half of this year, with the new registration numbers and growth rate ranking second among sub-provincial cities [8] Group 2 - The establishment of concept verification centers and pilot platforms is facilitating the transformation of technological achievements, with 210 city-level pilot platforms and 32 concept verification centers accelerating market entry for innovations [16] - The Wuhan New Energy Research Institute's concept verification center aims to help projects identify issues early, reducing costs and risks [16] - The Hubei Youth Innovation Park has incubated 254 companies and nurtured 39 national high-tech enterprises, demonstrating the effectiveness of the local innovation ecosystem [16] Group 3 - Wuhan's investment promotion bureau has facilitated over 600 investment projects this year, with a total signed amount exceeding 330 billion yuan, achieving over 50% of the annual target [23] - The city has attracted 310 Fortune 500 companies, maintaining the highest level of foreign direct investment (FDI) among central cities [29] - The establishment of international companies like Garrett Group and Qualcomm in Wuhan reflects the city's appealing business environment, characterized by efficient services and support for foreign investors [27][29] Group 4 - Wuhan's international trade volume reached 214.27 billion yuan in the first half of this year, with a year-on-year growth of over 20%, ranking second among sub-provincial cities and first in central China [32] - The city is transforming from an "inland hinterland" to an "open gateway," attracting global capital, talent, and resources through a more inclusive business environment [32]

Economic Growth and Business Environment - Wuhan's economic output has crossed four trillion yuan milestones, with over 2,000 high-tech enterprises added annually, and the private sector's annual added value surpassing one trillion yuan for the first time [1] - The city has implemented over 110 integrated business services, benefiting more than 2.5 million enterprises and individuals [4][5] - The number of business entities in Wuhan increased from 1.41 million in 2020 to 2.575 million in the first half of this year, with the new registration rate ranking second among sub-provincial cities [5] Innovation and Technology - Wuhan's innovation ecosystem is highlighted by the establishment of concept verification centers and pilot platforms, facilitating the transition of scientific achievements to market applications [10] - The city has seen significant advancements in brain-machine interface technology, with a company developing a chip system with 65,000 channels, indicating a robust innovation environment [8][9] Investment and International Presence - In the first half of this year, Wuhan attracted over 600 investment projects with a total signed amount exceeding 330 billion yuan, achieving over 50% of the annual target [15] - Major international companies, including Qualcomm and Garrett Group, are increasing their investments in Wuhan, drawn by its favorable business environment [19] Logistics and Trade - Wuhan's import and export trade reached 214.27 billion yuan in the first half of the year, with a year-on-year growth of over 20%, ranking second among sub-provincial cities and first in Central China [20] - The city has developed a seamless logistics hub, significantly reducing customs clearance times and enhancing its role as an open gateway for foreign investment [20]

Group 1 - The 13th China (Mianyang) Science and Technology City International Expo (referred to as the 13th Science Expo) will be held from September 26 to 30, 2025, in Mianyang, Sichuan, focusing on "Collaborative Innovation, Integrated Development, and Open Cooperation" [1] - The expo has successfully held twelve sessions, promoting over 2,000 technology achievements and attracting more than 5,000 participating enterprises, with transaction amounts exceeding 100 billion [1] - This year's expo will emphasize market-oriented organization and will feature five major sections: conferences, exhibitions, forums, competitions, and industrial cooperation activities, with over 30 significant events planned [1] Group 2 - A highlight of this year's expo is the focus on national defense technology, creating a supply-demand matching platform for the defense technology industry, facilitating market transactions [2] - The expo will host various themed activities, including high-level forums with industry experts and leading enterprises, and will introduce world-class competitions to enhance the expo's visibility and influence [2] - The event aims to engage the public and increase participation, with over 40 project roadshows and matching activities planned, expecting to attract over 3,000 buyers and professional attendees [2]

Core Viewpoint - The company plans to provide financial assistance to its subsidiary, Xingneng Maoye, with a total amount of up to 100 million RMB to support its rapid development and alleviate financing difficulties [1][2][6] Summary by Sections Financial Assistance Overview - The company has approved a financial assistance plan to provide up to 80 million RMB to Xingneng Maoye, which can be rolled over within a 36-month period [1][2] - The financial assistance amount has been increased to 100 million RMB to further support the subsidiary's growth [2] Related Party Information - The company's chairman and general manager, Zhao Shengyu, and the vice general manager, Zhou Yuchao, are considered related parties due to their shareholding in Xingneng Maoye [2][3] - Both individuals are not listed as dishonest executors and have no other significant relationships with the company [3] Subsidiary Information - Xingneng Maoye's total assets as of June 30, 2025, were 1,157.165 million RMB, with total liabilities of 1,284.122 million RMB, resulting in a negative net asset of -126.957 million RMB [3] - The subsidiary's revenue for the first half of 2025 was reported at 1,014.77 million RMB, with a net loss of 2,188.96 million RMB [3] Necessity and Impact of Financial Assistance - The financial assistance is aimed at meeting the operational funding needs of Xingneng Maoye and is expected to enhance the efficiency of the company's capital utilization [6] - The company maintains effective control over the subsidiary's operations and financial management, ensuring the safety of funds [6] Approval Process - The financial assistance proposal has been reviewed and approved by the independent directors, the board of directors, and the supervisory board, with related directors abstaining from voting [7][8] - The proposal is set to be submitted for shareholder approval [7][8]

Summary of Key Points Core Viewpoint - The company, Hai Moxing Laser Technology Group Co., Ltd., has decided to adjust the financial assistance provided to its subsidiary, Xing Neng Mao Ye (Guangdong) Photovoltaic Technology Co., Ltd., increasing the amount from 80 million RMB to 100 million RMB to support its rapid development and alleviate financing difficulties [1][6]. Group 1: Financial Assistance Overview - The board of directors approved the financial assistance to Xing Neng Mao Ye, allowing for a maximum of 100 million RMB over a period of 36 months, with the borrowing amount being available for revolving use [1][6]. - The financial assistance aims to support the subsidiary's business expansion and daily operational funding needs while ensuring liquidity and fund safety [6][7]. Group 2: Related Party Information - The chairman and general manager, Zhao Shengyu, and the director and deputy general manager, Zhou Yuchao, are identified as related natural persons, holding shares in Xing Neng Mao Ye but not providing proportional financial assistance [2][3]. - Zhao Shengyu and Zhou Yuchao are recognized for their contributions to the industry, with Zhao being a notable figure in the photovoltaic sector and Zhou holding a master's degree in laser engineering [2]. Group 3: Subsidiary Financial Status - Xing Neng Mao Ye's recent financial indicators show total assets of approximately 11,571.65 million RMB and total liabilities of about 12,841.22 million RMB as of June 30, 2025 [5]. - The subsidiary reported a net loss of 2,188.96 million RMB for the first half of 2025, indicating financial challenges that the assistance aims to address [5]. Group 4: Approval Process - The adjustment of financial assistance was reviewed and approved by the independent directors, board of directors, and supervisory board, ensuring compliance with relevant regulations and company bylaws [8][9]. - The independent directors and board members confirmed that the financial assistance would not adversely affect the company's operations or the interests of minority shareholders [8][9].

Group 1 - Tian Gong International (00826) announced that its indirect wholly-owned subsidiary, Jiangsu Tian Gong Investment Management Co., Ltd., completed a capital increase in Shanghai Geze Laser Technology Co., Ltd. for a total price of RMB 3 million, acquiring 294,400 new shares, representing approximately 5.56% of Shanghai Geze's expanded registered capital [1] - Shanghai Geze specializes in intelligent laser solutions, core component design, research and manufacturing, and laser cladding with ultra-wear-resistant materials. The company has developed capabilities in laser cladding, laser spraying (including high-speed laser cladding), and 3D printing [1] - The laser cladding technology can be applied in mold repair, with 70% of molds being repairable. The mold repair market currently lacks specialized repair centers, and existing services are mostly small workshop-style repairs, unable to meet high-precision and intelligent repair demands [1] Group 2 - The group expects to leverage its collaboration with Shanghai Geze and its customer resources to engage end-users and deepen service offerings through partnerships with mold service providers, thereby opening up niche market spaces [2] - The subscription price was determined by considering various factors, including the industry in which Shanghai Geze operates, its growth potential, net asset per share, and the average industry price-to-earnings ratio [2] - The company believes that the terms of the share subscription agreement are fair and reasonable, aligning with the interests of its shareholders [2]

Core Viewpoint - Tian Gong International (00826.HK) has completed a capital increase in Shanghai Gaize Laser Technology Co., Ltd., acquiring approximately 5.56% of its expanded registered capital for a total of RMB 3 million [1] Company Summary - Tian Gong International's indirect wholly-owned subsidiary, Jiangsu Tian Gong Investment Management Co., Ltd. ("Tian Gong Investment"), is primarily engaged in investment management and related consulting services [1] - Shanghai Gaize is involved in the development, consultation, and service of laser technology, including manufacturing and processing laser equipment [1] Industry Summary - The laser cladding technology can be applied in mold repair, with 70% of molds being repairable; however, the market lacks specialized mold repair centers, leading to a gap in high-precision and intelligent repair services [2] - The collaboration between the group and Shanghai Gaize is expected to leverage the group's customer resources to penetrate the end-user market and deepen service offerings through partnerships in the mold service sector [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Tiangong International Company Limited 天工國際有限公司* (於開曼群島註冊成立的有限公司) (股份代號: 826) 自願公告 激光熔覆及增材製造業務股權投資 此自願公告乃由天工國際有限公司（「本公司」，連同其附屬公司統稱「本集團」）作出。 激光熔覆及增材製造業務股權投資 本公司董事會（「董事會」）欣然宣佈，於二零二五年九月三日，本公司的間接全資附屬公 司江蘇天工投資管理有限公司（「天工投資」）完成對上海蓋澤激光科技有限公司（「上海 蓋澤」）增資，據此，天工投資同意以總價人民幣3,000,000元認購上海蓋澤的294,367股新 股，佔上海蓋澤經擴大註冊股本約5.56%。 股份認購方的資料 1. 天工投資 天工投資為一間於中國成立的有限責任公司，主要經營的業務為從事投資管理及相關諮 詢服務；企業管理諮詢、財務管理諮詢、商業資訊諮詢、經濟信息諮詢。 2. 上海蓋澤 上 ...