Core Viewpoint - Jia Bi You (688089.SH) reported a decline in institutional ownership in its third-quarter report for 2025, with a total of 76.58 million shares held by two institutional investors, representing 45.50% of the total share capital, a decrease of 3.71 percentage points from the previous quarter [1] Institutional Ownership - As of October 27, 2025, there are two institutional investors holding shares in Jia Bi You, including Wuhan Xiwang Biological Engineering Co., Ltd. and Ruizhong Life Insurance Co., Ltd. - proprietary funds [1] - The total institutional ownership has decreased by 3.71 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, 102 public funds were disclosed, including notable funds such as Huaxia Stable Growth Mixed Fund, Penghua Quality Governance Mixed (LOF) A, and Tianhong CSI Food and Beverage ETF [1] Insurance Capital Changes - There was a slight increase in holdings from insurance capital, with one insurance investor, Ruizhong Life Insurance Co., Ltd. - proprietary funds, increasing its stake [1]

Core Viewpoint - Junting Hotel (301073.SZ) reported its Q3 2025 results, highlighting changes in institutional and public fund holdings, with a notable decrease in institutional ownership compared to the previous quarter [1] Institutional Investors - As of October 24, 2025, three institutional investors disclosed holdings in Junting Hotel A-shares, totaling 2.9389 million shares, which represents 1.51% of the total share capital [1] - The institutional ownership decreased by 1.20 percentage points compared to the previous quarter [1] Public Funds - Two public funds increased their holdings during this period, specifically the Fortune China Tourism ETF and the Huaxia China Tourism ETF, with an increase in holdings accounting for 0.32% [1] - A total of 74 public funds did not disclose their holdings this quarter, including notable funds such as Huaxia Return Mixed A and Penghua Quality Governance Mixed (LOF) A [1] Insurance Capital - One insurance capital entity increased its holdings, namely the Xinhua Asset Management - Industrial Bank - Xinhua Asset - Minghui No. 2 Asset Management Product, with an increase accounting for 0.1% [1]