Group 1 - As of August 11, 2025, China Telecom's stock price is 7.38 yuan, unchanged from the previous trading day, with a trading volume of 8.38 billion yuan and 1.36% fluctuation [1] - China Telecom is a major state-owned telecommunications operator in the communication services industry, providing fixed, mobile, and satellite communication services [1] - Recently, the company established a smart technology company in Anhui with a registered capital of 10 million yuan, focusing on 5G communication technology services and software development [1] Group 2 - On August 8, China Telecom and China Electronics Corporation jointly established a new company, the China Information Technology Application Innovation Promotion Center, with a registered capital of 200 million yuan [1] - On August 11, the net inflow of main funds for China Telecom was 1.7283 million yuan, while the net outflow over the past five days was 33.014 million yuan [1]

Core Viewpoint - Jiangxi Pufang Zhongzhi Communication Technology Co., Ltd. has been established with a registered capital of 30 million RMB, focusing on various communication and technology services [1] Company Summary - The legal representative of the company is Lei Pingbo [1] - The registered capital is 30 million RMB [1] - The company is involved in a wide range of activities including the manufacturing and sales of communication equipment, mobile communication devices, and optical communication devices [1] - It also provides 5G communication technology services, information technology consulting, and various technology-related services [1] Industry Summary - The company operates in the communication technology sector, which includes the manufacturing and sales of smart home consumer devices, IoT devices, and security equipment [1] - The scope of business includes software development, information system integration services, and digital video monitoring systems [1] - The company is positioned to engage in both licensed and general projects, indicating a broad operational scope within the technology and communication industry [1]

Company Overview - Shanghai Xunyun Information Technology Co., Ltd. was recently established with a registered capital of 2 million RMB [1][2] - The legal representative of the company is Li Chunfei, and it is wholly owned by Shanghai Yukua Trading Co., Ltd. [1][2] Business Scope - The company’s business scope includes technology services, development, consulting, communication technology services, and various retail activities [1] - Specific licensed projects include construction engineering design and construction, which require approval from relevant authorities [1] - The company also engages in a wide range of sales activities, including hardware, daily necessities, office supplies, sports equipment, and electronic products [1] Industry Classification - The company is classified under the national standard industry of information transmission, software, and information technology services, specifically in software development [2]

Company Overview - Zijin Xingyu (Shanghai) Communication Technology Co., Ltd. has been established with a registered capital of 20 million RMB [1][2] - The legal representative of the company is Wu Jianjun, and it is wholly owned by Zhihui Chenai (Shanghai) Communication Technology Co., Ltd. [1][2] Business Scope - The company operates in the field of 5G communication technology services, along with various other services including construction engineering, intelligent building system design, and sales of communication equipment [1] - Specific services include mobile communication equipment sales, satellite mobile communication terminal sales, network equipment sales, digital technology services, and IoT technology research and development [1] Industry Classification - The company falls under the national standard industry classification of information transmission, software, and information technology services, specifically in telecommunications, broadcasting, television, and satellite transmission services [2]

Company Overview - Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. was established as a joint-stock company in accordance with the Company Law of the People's Republic of China [1] - The company was registered in Zhejiang Province and obtained its business license on September 29, 2009, with an initial public offering of 10,000,000 shares on October 30, 2009, listed on the Shenzhen Stock Exchange [1][3] Company Structure - The registered capital of the company is RMB 508,792,922 [2] - The company is a permanent joint-stock company, and its legal representative is elected by the board of directors [2][3] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [2] Business Objectives and Scope - The company's business objective is market-oriented, focusing on efficiency and providing high-quality products and services to achieve maximum economic and social benefits [3][4] - The business scope includes technology services, 5G communication technology services, cloud computing equipment technology services, software development, and manufacturing of communication equipment, among others [4][5] Share Structure - The company issues shares in the form of stocks, with all shares having equal rights [6] - The total number of shares is 508,792,922, all of which are ordinary shares [8] Share Issuance and Management - The issuance of shares follows principles of openness, fairness, and justice, with the same conditions and prices for shares of the same category [6][8] - The company’s founders contributed shares based on audited net assets, with the largest contributor holding 22.20% of the registered capital [8][9] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, supervise company operations, and request information [13][14] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [39][40] Governance and Decision-Making - The company’s governance structure includes a board of directors and a shareholder meeting, which are responsible for major decisions such as electing directors, approving financial reports, and making significant transactions [45][46] - Shareholder meetings can be called by the board or by shareholders holding more than 10% of the shares, ensuring that shareholders can participate in governance [49][50]

Company Overview - Shandong Yuanchuang Yunjiji Communication Technology Co., Ltd. has been established with a registered capital of 35 million RMB [1] - The legal representative is Lu Huaxian, and the company is wholly owned by Shandong Huicheng Electric Power Co., Ltd. [1] Business Scope - The company’s business scope includes IoT technology services, 5G communication technology services, technical services, technical development, technical consulting, and technical promotion [1] - Additional services include data processing and storage support, information security equipment sales, AI industry application system integration, computer system services, and information technology consulting [1] - The company is also involved in software development, information system operation and maintenance services, network and information security software development, and various sales of electronic products and communication equipment [1] Registration Details - The company is registered in Jinan City, Shandong Province, with a business address at Youth Building, No. 256 Jingwu Road, Shizhong District [1] - It is classified under the national standard industry of information transmission, software, and information technology services [1] - The business license allows the company to operate independently, except for projects that require approval [1]

Core Insights - Shenzhen Liyan Communication Co., Ltd. has been established with a registered capital of 2 million RMB, fully owned by Shenzhen Jingliyuan Technology Co., Ltd. [1] Company Overview - The legal representative of Shenzhen Liyan Communication Co., Ltd. is Gu Zhihuang [1] - The company operates in the information transmission, software, and information technology services industry, specifically in telecommunications, broadcasting, television, and satellite transmission services [1] - The registered address is located at Tianan Digital Times Building, A Block, 2310, Tai Ran Si Road, Sha Tou Community, Futian District, Shenzhen [1] Shareholding Structure - Shenzhen Jingliyuan Technology Co., Ltd. holds 100% of the shares in Shenzhen Liyan Communication Co., Ltd. [1] Business Scope - The business scope includes sales of communication equipment, leasing of computer and communication equipment, sales of mobile communication devices, professional repair of communication transmission and switching equipment, sales of optical communication equipment, and satellite mobile communication terminal sales [1] - Additional services include 5G communication technology services, sales of electrical signal equipment, network equipment, electronic measuring instruments, navigation terminals, IoT devices, and various electronic products [1] - The company also engages in integrated circuit chip design and services, quantum computing technology services, and domestic and international trade [1]

Core Viewpoint - The legal opinion letter from Grandway Law Offices confirms that Grandway Group Co., Ltd. meets the conditions for implementing a stock incentive plan, specifically the 2025 Restricted Stock Incentive Plan, and outlines the plan's compliance with relevant regulations [2][6][18]. Group 1: Company Information - Grandway Group Co., Ltd. was established on November 7, 2001, with a registered capital of 229.743622 million yuan [4]. - The company is located at No. 89, Tongpan Road, Software Park F Zone, Fuzhou, Fujian Province, and operates in various sectors including 5G communication technology services, software development, and intelligent agricultural equipment sales [3][4]. Group 2: Incentive Plan Details - The 2025 Restricted Stock Incentive Plan involves granting 2 million shares, representing approximately 0.87% of the company's total share capital of 229.743622 million shares, with 1.7 million shares for initial grants and 300,000 shares reserved [7][8]. - The plan's effective period lasts up to 48 months from the date of stock grant, with specific vesting conditions tied to performance metrics [9][11]. Group 3: Compliance and Legal Procedures - The plan has undergone necessary legal procedures, including approvals from the board of directors and the supervisory board, ensuring compliance with the Management Measures and Self-Regulatory Guidelines [16][18]. - The company has committed not to provide financial assistance to incentive plan participants, ensuring adherence to regulatory requirements [17][18]. Group 4: Impact on Stakeholders - The incentive plan aims to enhance corporate governance, attract and retain key management personnel, and align the interests of shareholders and the management team, thereby promoting long-term company growth [17][18]. - The supervisory board has expressed that the plan is beneficial for the company's sustainable development and does not harm the interests of shareholders [18].

Core Viewpoint - Hunan Zhike Network Co., Ltd. has been established with a registered capital of 10 million RMB, focusing on various telecommunications and technology services [1] Company Overview - The legal representative of Hunan Zhike Network Co., Ltd. is Yi Bo [1] - The company has a registered capital of 10 million RMB [1] - The shareholders are Chongqing Duoxian Communication Co., Ltd. (60% ownership) and Zhuzhou Zhongpeng Green Energy Technology Co., Ltd. (40% ownership) [1] Business Scope - The business scope includes various telecommunications services, such as: - First-class and second-class value-added telecommunications services [1] - 5G communication technology services [1] - Computer system services and information system integration services [1] - Cloud computing equipment technology services and digital technology services [1] - Technical services, development, consulting, and transfer [1] - Security system monitoring services and fire protection technology services [1] - Software development and sales of communication and network equipment [1] - Internet sales and non-residential real estate leasing [1] Registration and Location - The company is registered in Zhuzhou City, Hunan Province, with a business address at No. 411, 13 Boya Road, within the factory of Zhuzhou Xinda Industrial Co., Ltd. [1] - The business registration is valid until April 29, 2025, with no fixed term thereafter [1] - The registration authority is the Market Supervision Administration of Shifeng District, Zhuzhou City [1]

Company Overview - Recently, a new company named Shanyuan Future Technology (Shenzhen) Co., Ltd. was established with a registered capital of 9.848 million RMB [1] - The legal representative of the company is Wu Miaoling [1] - The company is primarily engaged in the manufacturing of computer hardware and software, electronic products, and various technology services [1] Shareholding Structure - Guangdong Future Technology Co., Ltd. holds 48.75% of the shares [1] - Shenzhen Shanyuan Xianxian Cultural Co., Ltd. owns 38.75% of the shares [1] - Wu Miaoling holds the remaining 12.5% of the shares [1] Business Scope - The business scope includes manufacturing and sales of computer hardware, electronic products, cameras, communication equipment, and network devices [1] - The company also provides technical services, system integration, import and export of goods, and various consulting services [1] - Additional activities include software development, rental services, and sales of daily necessities [1]