“Science and Technology Innovation Board Daily”, August 2 — The main contents of today's Science and Technology Innovation Board Evening Report include: Innocent and Friends Auto Technology plan to repurchase shares; shareholders of Juguang Technology and Yirui Technology plan to reduce their holdings; Yuanjie Technology, Kexing Pharmaceuticals, and Junpu Intelligence received decisions on administrative supervision measures.

[Focus on hot topics]

Newsletters:

The State Council issued the “Plan”: clearly proposing the inclusion of carbon emission targets in national economic and social development plans

The General Office of the State Council recently issued the “Work Plan on Accelerating the Establishment of a Dual Carbon Emissions Control System”. The “Plan” clearly proposes incorporating carbon emission indicators into national economic and social development plans, and requires the establishment and improvement of policy systems and management mechanisms such as local carbon assessments, industry carbon control, corporate carbon management, project carbon evaluation, and product carbon footprint. The first is to improve planning systems related to carbon emissions. Reasonably determine carbon emission targets for the five-year planning period, formulate action plans related to carbon neutrality at peak carbon levels, and improve regulations and systems relating to dual control of carbon emissions. The second is to establish an evaluation and assessment system for local carbon emission targets. Rationally break down carbon emission control indicators, establish a comprehensive assessment and assessment system for carbon peak carbon neutrality, and promote the establishment of carbon emission budget management systems at the provincial and municipal levels. The third is to explore early warning and control mechanisms for carbon emissions in key industries. Improve carbon emission accounting mechanisms in key industry areas, and normalize carbon emission situation analysis, monitoring and early warning in key industry areas. Fourth, improve the enterprise energy saving and carbon reduction management system. Improve management systems for key energy use and carbon emission units, and give full play to the regulatory role of market mechanisms such as national carbon emission rights trading, national voluntary greenhouse gas emission reduction transactions, and green certificate transactions. The fifth is to carry out carbon emission assessments for fixed asset investment projects. Include requirements related to carbon emission assessments in energy efficiency reviews of fixed asset investment projects, conduct comprehensive evaluations of project energy use and carbon emissions; formulate technical specifications for environmental impact assessments of greenhouse gas emissions of construction projects in key industries. The sixth is to speed up the establishment of a product carbon footprint management system. Formulate product carbon footprint accounting rules and standards, strengthen the construction of carbon footprint background databases, and establish a product carbon labeling certification system.

Shenzhen: The establishment of a low-altitude economy industry fund will be accelerated to support the development of the low-altitude economy industry throughout the entire cycle and chain

The Shenzhen Low Altitude Economy High Quality Development Conference was held. The Shenzhen Bureau of Industry and Information Technology said that Shenzhen will focus on promoting the integrated construction of information infrastructure and speeding up the deployment of low-altitude sensing 5G-A test base stations to achieve full coverage of low-altitude communication and surveillance. Accelerate the establishment of low-altitude economic industry funds to support the development of low-altitude economy industries throughout the cycle and chain. Strengthen the chain around the low-altitude industry, deeply serve the enterprises and institutions on the chain, and accelerate Shenzhen's progress towards the “first low-altitude economy city”. Strive to exceed 75% of the city's open airspace below 120 meters by 2025, and the total number of low-altitude commercial routes will exceed 1,000.

Ministry of Commerce: It will promote the issuance of comprehensive documents to promote the high-quality development of service consumption to promote the orderly expansion and opening up of telecommunications, the Internet, education, culture, medical care, etc.

Xu Xingfeng, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said at the press conference of the State Information Office today that currently, consumers are increasingly valuing mental pleasure and physical and mental health, and service consumption is also an important step in the next step in expanding and upgrading consumption. We will promote the issuance of comprehensive documents to promote the high-quality development of service consumption, promote the orderly expansion and opening up in the fields of telecommunications, the Internet, education, culture, medical care, etc., support consumption in cultural tourism, old-age care, childcare, housekeeping, etc., and meet residents' demand for service consumption.

State Drug Administration: Agreed to launch a pilot project to optimize clinical trial review and approval of innovative drugs in Beijing and Shanghai

The State Drug Administration issued an approval to launch a pilot review and approval of optimized innovative drug clinical trials in Beijing and Shanghai: after review, it was agreed to launch pilot review and approval projects for optimized innovative drug clinical trials in Beijing and Shanghai.

US delays imposing high tariffs on Chinese electric vehicles and other products

The Office of the United States Trade Representative (USTR) recently stated that some of the US measures to impose high tariffs on a range of Chinese imported products, such as electric vehicles, batteries, computer chips, and medical products, which were originally scheduled to take effect on August 1, will be delayed for at least two weeks.

Depth:

First after the “Eight Rules of the Science and Technology Innovation Board”! Think about the three key points of the Science and Technology Innovation Board IPO Conference and look at the new direction of listing review

The low-altitude economy welcomes a “wave of policies”, and Shenzhen is also here!

Undisclosed, some related transactions, etc. caused violations, and Junpu Intelligence was warned by the supervision

Dark Side of the Moon releases Kimi enterprise-level API to increase B-side big customer business

[Science and Technology Innovation Board Company]

Innote: Plans to repurchase the company's shares for 50 million yuan to 0.1 billion yuan

Innote announced that it plans to repurchase the company's shares for 50 million yuan to 0.1 billion yuan. The shares repurchased will be used for the company's share incentives and/or employee stock ownership plans at an appropriate time in the future. The repurchase price will not exceed 50 yuan/share (inclusive).

Friend Car Technology: Plans to buy back shares with 30 million yuan to 60 million yuan

Friend Auto Technology announced that the company plans to use 30 million yuan to 60 million yuan to repurchase shares for employee stock ownership plans or share incentives. The share repurchase price is no more than 23.1 yuan/share.

Medtech Healthcare: Chairman proposes to buy back shares at 15 million-30 million yuan

Medtech announced that on August 2, 2024, the company received a proposal from Mr. Lin Junhua, the chairman and actual controller. Based on confidence in the company's future development and recognition of the company's value, it was proposed that the company use its own funds to repurchase some of the company's shares to implement employee stock ownership plans or equity incentives. The types of shares to be repurchased are RMB common shares (A shares) issued by the company. The repurchase method is a centralized bidding transaction. The repurchase price is not higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors passed the buyback resolution. The total repurchase capital is not less than RMB 15 million (inclusive), and not more than RMB 30 million (inclusive).

Haitian Ruisheng: Directors and senior management plan to reduce their holdings in the company

Haitian Ruisheng announced that due to their financial needs, company directors and senior managers Li Ke, Lu Siyao, Huang Yukai, and senior management Hao Yufeng, plan to reduce their holdings of 13,815 shares, 10,837 shares, 12,112 shares, and 642 shares through centralized bidding within 3 months after the announcement of the current holdings reduction plan, accounting for 0.0229%, 0.0180%, 0.0201% and 0.0011% of the company's total shares, respectively.

Juguang Technology: Shareholders plan to reduce their holdings by no more than 1.4171%

Juguang Technology announced that the shareholder SDIC Hi-Tech held 1280574 shares of the company, accounting for 1.4171% of the total share capital. Due to capital requirements, SDIC Hi-Tech plans to reduce its holdings by no more than 1280,574 shares through bidding transactions and bulk transactions within 3 months after the announcement and disclosure of 15 trading days, that is, no more than 1.4171% of the total share capital. If the company is exempted from interest during the holdings reduction period, the holdings reduction plan will be adjusted accordingly. This reduction in holdings will not have a significant adverse impact on the corporate governance structure and continued operation.

Ge Ling's deep vision: Sequoia China's bulk transaction reduced its holdings by 0.49% and is no longer a shareholder holding 5% or more of the company's shares

Geling Deep Hitomi announced that from July 23, 2024 to July 31, 2024, Sequoia China reduced its holdings of Geling Deep Hitomi shares by a total of 1,269,200 shares through bulk transactions, with a cumulative reduction ratio of 0.49%. The nature of the shares traded was a tradable A share. Its shareholding ratio was reduced from 5.49% to 4.999996%, and it is no longer a shareholder holding 5% or more of the company's shares; this change in equity reduces the holdings of the non-largest shareholder holding 5% or more of the shares, and will not lead to a change in the company's controlling shareholders or actual controllers.

Yirui Technology: Shareholders Tianjin Sequoia and Beijing Sequoia plan to reduce their holdings of the company by no more than 2%

Yirui Technology announced that shareholders Tianjin Hongshan Juye Equity Investment Partnership (limited partnership) and Beijing Hongshan Xinyuan Equity Investment Center (limited partnership) hold 7.26% and 3.41% of the company's shares respectively. They intend to reduce their total holdings of the company's shares by no more than 2.855 million shares through bulk transactions, and the total reduction ratio will not exceed 2% of the company's total shares. The shareholders mentioned above are acting in concert.

Yuanjie Technology: Received a decision on administrative supervision measures from the Shaanxi Securities Regulatory Bureau

Yuanjie Technology announced that the company and related personnel recently received the “Decision on Administrative Supervision Measures” from the Shaanxi Regulatory Bureau of the China Securities Regulatory Commission. After investigation, the company had problems with inaccurate disclosure of information in regular reports due to intermittent revenue confirmation, as well as irregular use of funds raised. The Shaanxi Securities Regulatory Bureau decided to order corrective measures against the company and take regulatory discussions against the company's chairman and general manager, ZHANGXINGANG, and financial director Chen Zhenhua.

Kexing Pharmaceutical: The company and related personnel received the “Decision on Administrative Supervision Measures” from the Shandong Regulatory Bureau

Kexon Pharmaceuticals announced that the company and relevant personnel recently received the “Decision on Administrative Supervision Measures” issued by the Shandong Regulatory Bureau of the China Securities Regulatory Commission. The company has problems with inaccurate disclosure of 2023 annual performance forecast information, failure to maintain the continuity of voluntary information disclosure, and irregular cash management using raised funds. The Shandong Regulatory Bureau decided to take administrative supervision measures to order corrections and issue warning letters against the company, and administrative supervision measures to issue warning letters against the company's chairman Deng Xueqin, general manager, and Wang Xiaoqin, financial director and board secretary, and recorded them in the securities and futures market integrity file database.

Junpu Intelligence: Received a decision on administrative supervision measures

Junpu Intelligence announced that the company recently received the “Decision on Administrative Supervision Measures” issued by the Ningbo Securities Regulatory Bureau. Due to the company's delays in disclosing the amount of daily related transactions in the year exceeding expectations and undisclosed some related transactions, the Ningbo Securities Regulatory Bureau has taken administrative supervision measures to issue a warning letter against the company and related personnel. The company stated that it will fully accept and submit written reports to the Ningbo Securities Regulatory Bureau as soon as possible in accordance with regulations, while strengthening studies, improving the system, improving the level of corporate governance, and ensuring the truth, accuracy, completeness, timeliness and fairness of information disclosure.

[Review News]

After the “Eight Rules of the Science and Technology Innovation Board”, I only thought about the Science and Technology Innovation Board IPO

According to the Shanghai Stock Exchange website, the initial application of the company to be listed on the Science and Technology Innovation Board was approved by the listing committee meeting. This is the first proposed IPO company on the Science and Technology Innovation Board to meet after the “Eight Rules of the Science and Technology Innovation Board”.

[Venture capital weather vane]

Xiangdao Travel: The second half of the year will complete the C round of financing of more than 1 billion yuan to launch an IPO next year

At the 2024 Xiangdao Travel Partners Conference, Ni Licheng, CEO of Xiangdao Travel, announced that the C round of financing will be completed in the second half of this year and that the IPO plan will be launched in due course in 2025.

Shanghai Pudong launches 40 billion yuan “innovation loan” product for science and innovation enterprises

Shanghai Pudong launched a “Investment and Loan Linkage” credit product package with a total value of over 40 billion yuan — “Innovation Loan”. This will provide full-process financial services for science and technology innovation enterprises in the Pudong New Area. The venture capital projects signed this time cover key industries such as integrated circuits, biomedicine, and artificial intelligence.

Shishi Technology completed Series B financing of hundreds of millions of yuan

Recently, Ningbo SynSense Technology Co., Ltd. (SynSense Technology) completed Series B financing of hundreds of millions of yuan. The investors in this round are Ningbo Commerce Fund and Samsung Venture Capital. This round of financing will be used to further promote the development and market expansion of its brain-like intelligence and application solutions. Shishi Technology is a company focusing on neuromorphic computation and processor design. Its products include brain-like chips, smart sensors, etc., which are widely used in the field of artificial intelligence. Previously, Shishi Technology had completed the seed round, Pre-A round, A round, and two pre-B rounds of financing.