Evening Announcement | The Announcements on May 26 Are Worth Noticing

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Evening Announcement | The Announcements on May 26 Are Worth Noticing

On the evening of May 26, several listed companies in the Shanghai and Shenzhen stock markets issued announcements. Below is a summary of some important announcements by Yicai, provided for investors' reference.

Business

In a recent announcement, Yunnan Baiyao announced the resignation of several board members. Specifically, director Chen Fashu has decided to resign from his role as a member of the company's tenth board of directors and related positions due to work adjustments, and will not hold any positions in the company or its subsidiaries after his resignation. Similarly, director Lu Hongdong has also applied to resign from his director position, but will retain his role as deputy secretary of the company's party committee. Similarly, after resigning from the board of directors, director Chen Yanhui will no longer hold any positions in the company and its subsidiaries.

Qianji Technology has made significant progress in the field of innovation, with its wholly-owned subsidiary Qianji Super Materials jointly developing the world's first automotive compressed field testing system with the China Automotive Center Tianjin Testing Center. The system, which was officially put into use on May 24, 2024, is designed to address the challenges of testing and evaluating the performance of large vehicle antennas, and provides a new solution for far-field tests of automotive antenna performance.

Another announcement shows that the controlling shareholder of Jianche B Company, Ordnance Group, decided to transfer its state-owned corporate shares in the company to China Changan Automobile Group Co., Ltd. for free in order to deepen the construction of the automotive industry ecosystem. After the completion of the share transfer, China Changan will become the new controlling shareholder of the company. However, the actual controller of the company will not change as a result.

*ST Hengli mentioned in its latest abnormal stock trading announcement that Xiamen Rural Commercial Bank is publicly soliciting the transfer of its company shares through the Ali Assets Platform. Reportedly, there are already 24 potential buyers who have expressed interest.

Zhejiang Construction Investment stated in the abnormal trading announcement for its company shares that the company's core businesses have not undergone any significant changes. Zhejiang Construction Investment’s core business includes construction, industrial manufacturing, engineering services, and infrastructure investment and operations, etc.

The company's operations remain stable amid current business activities and the external operating environment, with no significant changes occurring.

Huatong Cable lands a big contract: Recently, Huatong Cable, along with its subsidiary Huatong Angola, signed an electricity supply contract with the franchised operator of Angola's national power transmission network. According to the contract, Huatong Cable's construction project in Angola will receive a steady supply of electricity. Electricity supply is a key factor in ensuring the capacity of electrolytic aluminum, and the signing of the contract marks an important progress in the company's project in Angola.

Flat Information receives notice of substantial transaction: Flat Information announced that the company received a "Notice of Transaction" from Zhejiang Computing Power Technology Co., Ltd. regarding a computing power service procurement project. Through this project, Flat Information will build a kilocard computing power cluster for intelligent computing power services required for training large models, and will be able to expand in the future to meet the needs of a ten thousand card cluster. The project includes a complete solution for leasing 128 GPU-equipped computing power services with a term of four years, and the total tax-included transaction amount is approximately 468 million yuan.

Grand Television Express Subsidiary Wins Bid: Grand Television Express announced that its wholly-owned subsidiary, Tongxin Information, has successfully won the bid for the Guangzhou Digital Government Public Cloud Service Operation and Maintenance Project, providing public cloud resource leasing services. The winning bid for this project reached 575 million yuan, accounting for 6.36% of the company's audited business income for the year 2023.

CITIC Metals Plans to Reduce Holdings: CITIC Metals issued a notice, planning to reduce its holdings in the shares of Ivanhoe Mines Ltd. within the next 12 months, at an appropriate time, by no more than 25.3904 million shares, which is not more than 2% of Ivanhoe's total issued share capital. As of April 30, 2024, CITIC Metals holds about 315 million shares of Ivanhoe through its wholly-owned subsidiary, accounting for 24.78% of the total share capital.

Kaizhong Shares Plans to Raise Funds: Kaizhong Shares announced that the company intends to raise funds through the issuance of convertible bonds to non-specific objects, with a total amount not exceeding 308 million yuan. The funds raised, after deducting the issuance costs, will be used for the expansion of the Nantong production base and to supplement working capital.

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