Core Viewpoint - The company is planning to issue A-shares to Hefei State-owned Capital Venture Investment Co., Ltd., which may lead to a change in control, while the current major shareholder, China Telecom Group, will maintain its shareholding and transition to an important strategic shareholder role [1][2]. Group 1: Company Strategy and Shareholder Dynamics - The issuance of A-shares is aimed at deepening cooperation between central and local governments, integrating resources to build a public safety industry hub [1]. - China Telecom Group will continue to play a significant role in supporting the company through its resources in digital infrastructure and cloud capabilities, transitioning from a controlling shareholder to a strategic partner [1][2]. - This arrangement reflects a strategic vision of promoting collaboration between central and local entities, moving towards a more open and flexible model of capital and business cooperation [1]. Group 2: Industry Position and Collaborative Efforts - The company, originating from Tsinghua University, is a leading provider of public safety and emergency management products and services, particularly in the "urban lifeline" sector [2]. - The collaboration with Hefei State Capital aims to strengthen industrial synergy and enhance the "production, education, research, and application" chain, solidifying Hefei's position in the national public safety field [2]. - The partnership is expected to accelerate the replication of the successful "Hefei model" in public safety across the country and globally, leveraging the strengths of China Telecom and Hefei State Capital [2][3]. Group 3: Future Outlook and Impact - The collaboration is anticipated to drive the public safety industry towards systematic, intelligent, and intensive development, providing robust support for a nationwide emergency management system [3]. - This initiative is positioned as a benchmark case for promoting national security system modernization through central-local cooperation and integration of production and research [3].

Core Insights - Jiangsu Province has taken the lead in organizing the collection of practical cases for public data utilization, aiming to demonstrate effective implementation in various sectors [1] - The first batch of practical cases includes nine selected scenarios, covering areas such as integrity protection, high-quality medical data sets, urban lifeline safety projects, and low-altitude water conservancy [1] - All selected cases are implemented by newly registered enterprises since 2025, indicating a focus on innovation and new business models [1] Summary by Categories - **Public Data Utilization** - Jiangsu Province is pioneering the initiative to make public data more actionable through practical case studies [1] - The initiative combines problem-oriented and demand-oriented approaches to address specific challenges in business operations [1] - **Selected Cases** - A total of nine cases have been officially recognized, each representing a unique application of public data in various fields [1] - The selected scenarios include diverse sectors, showcasing the versatility of public data applications [1] - **Implementation and Sustainability** - The enterprises involved have adhered to public data authorization regulations, ensuring compliance and promoting deeper engagement in public data operations [1] - The cases emphasize market-oriented sustainable operations, indicating a promising commercial outlook for the initiatives [1]