Core Insights - Jiuzi Holdings has signed a strategic Memorandum of Understanding (MOU) with AetheriumX for a potential investment of up to US$30 million in the Distributed Capital Intelligence Protocol (DCIP) [1] - This collaboration is seen as a significant offensive move to enhance Jiuzi Holdings' market valuation and growth prospects in the Web3 infrastructure space [2] Investment Details - The proposed investment of US$30 million will support AetheriumX's flagship product, the DCIP, which focuses on high-performance and secure on-chain interactions and asset management [1][2] - The DCIP protocol targets key areas in the blockchain sector, including DeFi, GameFi, and digital asset strategy execution [2] Strategic Positioning - Jiuzi Holdings aims to leverage the investment to create multi-dimensional synergies through the partnership with AetheriumX, which has advanced technological capabilities in blockchain protocol design and ecosystem development [3] - The collaboration is expected to unlock significant potential in intelligent asset management and strategy execution, particularly in the growing GameFi economy [4] Ecosystem and Business Synergies - The partnership will facilitate the development of innovative products and services centered around DeFi, GameFi, and digital asset strategy execution, creating new revenue and profit growth drivers for Jiuzi Holdings [4] - As the DCIP protocol evolves, Jiuzi Holdings anticipates benefiting from the multiplicative returns generated by the protocol and its expanding ecosystem [4]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Shanghai Putailai New Energy Technology Group Co., Ltd.* 上海璞泰來新能源科技集團股份有限公司 (A joint stock company incorporated in the People's Republic of China ...

As filed with the U.S. Securities and Exchange Commission on March 9, 2026. Registration No. 333-[*] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 U Power Limited (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 5500 Not Applicable (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 18/F, Bu ...

Core Viewpoint - China's economy demonstrates resilience and vitality amid global uncertainties, with Jiangsu Province serving as a key example of high-quality growth and effective policy measures aimed at common prosperity [1][2]. Economic Performance - In 2025, China's total GDP exceeded 140 trillion yuan (approximately $20.16 trillion), with Jiangsu contributing about 10% of this total [3]. - Jiangsu's economy has crossed four trillion-yuan milestones during the 14th Five-Year Plan period (2021-2025), showcasing steady expansion and strong momentum [3]. Policy Efforts - President Xi Jinping emphasized the importance of economically strong provinces like Jiangsu in stabilizing the national economy and enhancing resilience against external shocks [4]. - Jiangsu is encouraged to improve internal capabilities, integrate into China's unified national market, and expand high-level opening up to strengthen economic resilience [5]. Manufacturing and Innovation - Manufacturing is a central pillar of Jiangsu's economy, with the province ranking first nationwide in manufacturing high-quality development for five consecutive years, indicating strong industrial sophistication and innovation capacity [6]. Domestic Demand and Consumption - The popularity of the "Su Super League" attracted over 2.43 million spectators in 2025, highlighting the potential of sports, culture, and tourism to stimulate domestic consumption [7]. - Jiangsu attracted over $119 billion in actual foreign investment during the 14th Five-Year Plan period, ranking first in the country and demonstrating its openness to both domestic and international markets [8]. Common Prosperity and Social Policies - Chinese modernization aims for common prosperity, focusing on high-quality employment, income increases for urban and rural residents, and improved public services [9]. - The government plans to expand work-for-relief programs and enhance social security access for flexible workers and those in new employment forms [11]. - Policies to boost consumption include a 250 billion yuan allocation for consumer goods trade-in programs and a 100 billion yuan fund for domestic demand expansion [13]. - The draft report proposes raising minimum basic old-age benefits by 20 yuan per month and expanding maternity insurance coverage and childcare services [14][15].

Group 1 - The core viewpoint of the article highlights the advancements in China's technology and industrial sectors, emphasizing the government's commitment to increasing investment in research and development, particularly in foundational research and artificial intelligence [2][3][4]. Group 2 - The Minister of Science and Technology, Yin Hejun, announced that by 2025, China's total R&D investment will exceed 3.92 trillion yuan, with a foundational research investment of nearly 280 billion yuan, marking a historic high of 7.08% [2]. - The Minister of Industry and Information Technology, Li Lecheng, stated that China leads globally in open-source model downloads, with AI technology application rates in large manufacturing enterprises expected to exceed 30% by the end of 2025 [3]. - The Director of the State-owned Assets Supervision and Administration Commission, Zhang Yuzhuo, reported that during the 14th Five-Year Plan period, central enterprises' total assets have crossed significant thresholds, with profits increasing by 56.2% compared to the previous five years [4]. - Central enterprises are focusing on three areas: leading in sectors like new energy and aerospace, catching up in industries such as new energy vehicles, and nurturing emerging fields like quantum information and biotechnology [6].

Economic Development and Proposals - In 2025, the National Committee of the Chinese People's Political Consultative Conference (CPPCC) held 98 consultation activities and received 5,992 proposals, with 5,061 officially registered, focusing on economic construction issues such as modern industrial systems and high-level technological self-reliance [3] - Approximately 2,500 proposals related to economic construction indicate a unified concern among CPPCC members regarding key economic issues [3] - The total economic output of China reached 140 trillion yuan, marking a significant achievement in national strength [3] Technological Innovation - China's technology expenditure ranks second globally, with significant breakthroughs in various research and development areas [3] - The contribution rate of agricultural technology to grain production is over 64%, highlighting the importance of agricultural science in achieving high yields [7] - China maintains a leading position in quantum communication and quantum computing, with ongoing efforts to enhance original innovation and promote the integration of industry and academia [7][8] Social Development and Employment - Over 1,600 proposals were made regarding social construction issues, including quality employment, education satisfaction, and social security systems, reflecting societal focus on these areas [11] - The need for a talent cultivation model that integrates education, practice, and employment is emphasized to address youth employment challenges [12] - A unified platform for monitoring and sharing elderly care resources is proposed to improve the aging service system in response to increasing elderly population challenges [12] Capital Market Reforms - Proposed reforms in the capital market include extending A-share trading hours and establishing a national independent director association to enhance corporate governance [4] - The focus is on creating a legal pathway for "honest but unfortunate" entrepreneurs to restart their businesses through amendments to company law [4][5]

Core Insights - Zhejiang Province's electricity consumption during the Spring Festival reached 7.446 billion kilowatt-hours, with significant year-on-year growth in the primary, secondary, and tertiary industries [1] - The rapid recovery of the consumption market and service sector is indicated by the quick resumption of operations in industries such as accommodation, transportation, and information software services [1][2] - Over 4,700 industrial enterprises in Zhejiang maintained daily electricity consumption above 80% of normal levels during the Spring Festival, reflecting a strong production atmosphere [1] Industry Performance - The high-tech and advanced manufacturing sectors showed robust recovery, with the new materials industry and "new three items" (new energy vehicles, lithium batteries, and photovoltaic products) experiencing a 44.1% increase in daily electricity consumption [2] - The information transmission, software, and IT services sector saw a 15.1% year-on-year increase in daily electricity consumption, with internet data services growing by 230.2% [2] - The electrical machinery and equipment manufacturing industry recorded a 36.52% increase in daily electricity consumption during the Spring Festival [3] Economic Outlook - The data reflects a strong operational momentum among Zhejiang enterprises, showcasing their commitment to meeting production targets and enhancing quality [3] - The province is making significant strides towards achieving its economic and social development goals for the year, supported by the acceleration of resumption of work and production [3]

Core Insights - The Hangzhou Municipal Government has approved new station names for Metro Line 10 and the Hangzhou-Deqing Intercity Railway, enhancing regional connectivity and industrial development [1] - Yuhang Economic Development Zone is positioned as a key industrial platform in Hangzhou, focusing on smart manufacturing and attracting various industries [3][5] Group 1: Transportation and Infrastructure - Two stations in Yuhang Economic Development Zone have been renamed to reflect their significance in regional transportation: Renhe South Station is now "Dongshanyang Station," and Renhe North Station is "Qihang Road Station" [1] - Qihang Road Station serves as the northern terminus of Metro Line 10's extension and a critical transfer hub for the Hangzhou-Deqing Intercity Railway, enhancing connectivity between Hangzhou and surrounding areas [1] Group 2: Economic Development Zone Overview - Yuhang Economic Development Zone is strategically located in the Yangtze River Delta, providing exceptional geographical advantages and access to major transportation routes [3] - The zone emphasizes smart manufacturing, focusing on new equipment, new materials, and new energy, forming a "One Smart, Three New" industrial system [5] Group 3: Innovation and Research - The zone has partnered with Zhejiang University to establish the Advanced Electrical Equipment Innovation Center, which focuses on research in new energy vehicle systems and intelligent robotics [6] - Over 570,000 square meters of incubation space are available, supporting the growth of enterprises at all stages [6] Group 4: Supportive Policies - Yuhang Economic Development Zone offers substantial support policies for attracting global resources, including equipment subsidies and R&D grants for eligible projects [7] - Specific incentives are provided for integrated circuit and robotics enterprises, promoting industry growth [7] Group 5: Comprehensive Development - The zone is advancing its development philosophy of enhancing the environment, technology, and smart manufacturing to support industrial upgrading [8] - Educational, medical, and residential amenities are being developed to support talent and enterprises, including schools and commercial complexes [8] Group 6: Future Outlook - Yuhang Economic Development Zone aims to enhance its smart manufacturing capabilities and achieve national-level economic and technological development status through continuous improvements in its ecosystem and business environment [9]

Group 1 - The core viewpoint of the articles highlights the steady growth in domestic travel and consumption data during the Lunar New Year holiday, with a focus on the performance of AI and robotics sectors post-holiday [1] - The report suggests that A-shares may remain stable after the holiday, with particular attention on growth sectors such as AI and humanoid robotics, which are expected to be structural highlights [1] - The report recommends focusing on several areas, including the AI technology sector, which is anticipated to enter the industrial application phase by 2026, and opportunities in light modules and cloud computing infrastructure, particularly in domestic markets [1] Group 2 - The articles advise attention to supply-demand issues nearing improvement or policy support in sectors like chemicals, aquaculture, and new energy [2] - There is a long-term trend of institutional investment in high-dividend stocks, with a focus on companies with strong cash flow, low volatility, and dividend certainty [2] - Highlighted sectors for annual report performance include gold, TMT benefiting from AI growth, and non-bank financials [2]

Core Viewpoint - The news highlights Yibin's transformation from a "liquor capital" to a hub for artificial intelligence (AI) and green energy, showcasing its advancements in technology and industry during the 2026 Spring Festival Gala [2][3][15]. Group 1: AI Industry Development - Yibin focuses on practical applications of AI rather than competing in core technologies like algorithms and chips, targeting embodied intelligent hardware, data collection, and standardized manufacturing in AI [3][12]. - The city has developed 44 industry-specific AI models, significantly improving efficiency in various sectors, including government and healthcare [12][21]. - Yibin's AI initiatives are supported by a robust talent pool from local universities and a favorable environment for data service companies, attracting over 100 AI enterprises with total investments exceeding 230 billion [22][23]. Group 2: Robotics and Intelligent Hardware - The Spring Festival Gala served as a showcase for Yibin's embodied intelligent hardware ecosystem, featuring robots like the "Panda" and "dog" produced by local companies [4][6]. - The Southwest Embodied Intelligence Training Center, established in collaboration with Beijing Galaxy General Robotics, aims to create a closed-loop capability for data collection, model training, and application [6][7]. - Yibin's manufacturing base for intelligent products is set to expand, with the first product launched recently, indicating a growing presence in the robotics market [9][20]. Group 3: Green Energy and Industrial Transformation - Yibin has successfully transitioned to a green energy hub, with significant investments in lithium batteries and solar energy, achieving a production capacity of 295 GWh for batteries and becoming a leader in the photovoltaic industry [14][15]. - The city’s green energy sector is projected to reach a scale of 1,250 billion, with a 37.5% year-on-year growth in battery production [15]. - Yibin's strategic focus on integrating AI with its existing strengths in green energy positions it uniquely in the competitive landscape [20][21]. Group 4: Economic Growth and Future Goals - Yibin's GDP is expected to surpass 4 trillion by 2024, driven by advancements in the green energy and AI sectors [23]. - The city aims to attract and cultivate large-scale data service companies and main players in embodied intelligence, targeting an output value of 100-150 billion within 3-5 years [23].