Focus on today.

wens foodstuff group: Obtained stock repurchase loan from financial institution.

In the announcement of wens foodstuff group, the company has signed a "Working Capital Loan Agreement" with authorized branches of the Agricultural Bank of China, with a loan amount not exceeding 1 billion yuan (including principal), a loan interest rate not exceeding 2.25%, the purpose of the loan is to repurchase company stocks, and the loan term is 1 year. At the same time, the company also received a "Loan Commitment Letter" issued by authorized branches of the Bank of China, committing that the loan amount will not exceed 1 billion yuan and will be used to repurchase company stocks. Disbursement will be subject to regulatory requirements.

muyuan foods: Signed a 2.4 billion yuan special loan contract with China CITIC Bank for stock repurchase.

In the announcement of muyuan foods, the company recently signed the "RMB Stock Repurchase/Increase Special Loan Agreement" with the Nanyang Branch of China CITIC Bank Co., Ltd. China CITIC Bank will provide the company with a special loan of 2.4 billion yuan for stock repurchase. The loan term is from October 21, 2024 to October 20, 2025, with an annual interest rate of 2.25%. The shares repurchased this time will all be used for employee stock ownership plans or stock-based incentive plans.

cosco shipping holdings: Plans to repurchase shares with a special loan of 1 billion to -2 billion yuan and own funds.

中远海控公告，公司拟回购50 million股至0.1 billion股A股股份，回购价格不超过人民币20元/股（含）。回购资金来源为中国银行上海分行提供的专项贷款及自有资金，总额预计为1 billion元~2 billion元。本次回购的股份将全部用于注销并减少注册资本。回购期限自股东大会批准本次回购股份方案之日起不超过6个月。中国银行上海分行于2024年10月18日向本公司出具《贷款承诺函》，同意为本公司回购A股股份提供专项贷款支持，贷款金额最高不超过人民币0.3 billion元，承诺函有效期自签发之日起一年。

【中远海能：间接控股股东拟以0.679 billion元-1.358 billion元专项贷款及自有资金增持】

中远海能公告，公司间接控股股东中远海运集团拟通过上海证券交易所集中竞价交易方式增持公司A股股份。本次增持计划的实施期限为自公告之日起6个月，增持总金额不低于人民币0.679 billion元，不超过人民币1.358 billion元。本次增持计划的资金来源为中国银行上海分行向中远海运集团提供的专项贷款及中远海运集团自有资金。中国银行上海分行于2024年10月18日向中远海运集团出具《贷款承诺函》，同意为中远海运集团增持本公司A股股份提供专项贷款支持，贷款金额最高不超过人民币1.358 billion元，承诺函有效期自签发之日起一年。

【中国石化：获中国银行不超0.9 billion元授信额度用于股份回购】

China Petroleum & Chemical Corporation announcement, on October 19, the company signed a credit agreement with Bank of China, thereby obtaining a credit line of no more than 0.9 billion yuan, specifically for the share repurchase in the A-share market.

【中国石化：控股股东获0.7 billion元授信用于增持计划】

中国石化公告，公司控股股东中国石化集团与中国银行股份有限公司签订授信协议，获得0.7 billion元人民币的授信额度，专项用于中国石化集团在本轮增持及未来新一期增持计划中，通过集中竞价交易的方式增持中国石化的A股股份。相应的，本轮增持中A股的资金来源将由“中国石化集团及其全资子公司的自有资金”变更为“中国石化集团及其全资子公司的自有资金及金融机构的借款”。中国石化集团预计后续在本轮增持及未来新一期增持计划中，增持公司A股股份的金额不低于已获得的授信额度。

【招商蛇口：招行深圳分行不超过0.702 billion元贷款额度支持回购】

China Merchants Shekou Industrial Zone Holdings announced that the company has signed a "Cooperation Agreement" with China Merchants Bank Shenzhen Branch and obtained a "Loan Commitment Letter." The Shenzhen Branch of China Merchants Bank intends to provide a loan amount of up to 0.702 billion yuan for the company's share buyback project, with a loan term of 12 months. The loan interest rate shall not exceed 2.25% and shall not exceed the market rate. The signing of the "Cooperation Agreement" involves a related party transaction with China Merchants Bank, which has been approved within the authorization scope implemented by the management at the company's 2023 annual general meeting of shareholders.

China Merchants Energy Shipping announced that it has obtained a loan amount not exceeding 0.443 billion yuan from China Merchants Bank for the purpose of repurchasing shares.

China Merchants Energy Shipping announced that the company plans to repurchase shares through a centralized bidding transaction method on the Shanghai Stock Exchange trading system. The company has signed a "Cooperation Agreement" with China Merchants Bank Shenzhen Branch and obtained a "Loan Commitment Letter." The Shenzhen Branch of China Merchants Bank will provide a loan amount not exceeding 0.443 billion yuan for the company's share buyback project, with a loan term of 12 months. The loan interest rate shall not exceed 2.25% and shall not exceed the market rate.

Sungrow Power Supply announced that it has applied for a loan of 0.42 billion yuan from the Industrial and Commercial Bank of China to repurchase company shares.

Sungrow Power Supply announced that it previously announced a plan to repurchase shares ranging from 0.5 billion yuan to -1 billion yuan. As of now, the company has repurchased a total of 3.1965 million shares, accounting for 0.15% of the total share capital. The total amount paid for the repurchase transactions is 0.271 billion yuan (excluding transaction costs). On October 20, the company signed a "Listed Company Stock Repurchase Loan Contract" with an authorized branch of the Industrial and Commercial Bank of China, applying for a loan amount of 0.42 billion yuan with a tenor of 12 months for the payment of repurchase transaction prices.

Shanying International Holdings announced that it has obtained a specialized stock repurchase loan of 0.2 billion yuan from the Industrial and Commercial Bank of China.

Shanying International Holdings announced that on October 20, the company signed a "Listed Company Stock Repurchase Loan Contract" with the Huashan Branch of the Industrial and Commercial Bank of China for a specialized repurchase loan amount of 0.2 billion yuan with a term of 12 months. As of October 18, the company has repurchased a total of 0.218 billion shares through centralized bidding transactions, accounting for 4.32% of the total share capital, with a total payment of approximately 0.332 billion yuan (excluding transaction costs). This specialized stock repurchase loan is only used to pay for future repurchase transaction prices.

Gigadevice Semiconductor Inc. announced that it has borrowed not more than 0.1 billion yuan from the Industrial and Commercial Bank of China for repurchasing shares.

Gigadevice Semiconductor Inc. announced that the source of funds for the company's share buyback will be supplemented by a special repurchase loan provided by China Construction Bank Corporation on the basis of its own funds. On October 19, the company signed a "Listed Company Stock Repurchase Loan Contract" with the Beijing Free Trade Zone Branch of Industrial and Commercial Bank of China, with a loan amount not exceeding 0.1 billion yuan, this loan will be specifically used for repurchasing company shares through centralized competitive trading. As of October 20, 2024, the company has repurchased an amount of 80.3074 million yuan, with the remaining repurchase amount not less than 69.6926 million yuan and not exceeding 0.12 billion yuan.

Kuang-Chi Technologies: Signed the Zhuzhou 905 Base Project Cooperation Contract.

Kuang-Chi Technologies announced that the company signed a "Zhuzhou 905 Base Project Cooperation Contract" with the Zhuzhou Municipal People's Government and the Management Committee of Zhuzhou High-tech Industrial Development Zone, planning to build the "Zhuzhou 905 Base Project" in Zhuzhou City, Hunan Province. The main construction content includes the development, production, and testing center of metamaterials, with the project divided into two phases. This cooperation will enable the company to fully utilize the industrial support and ecological advantages of Zhuzhou City in Hunan Province, combined with the company's advantages in cutting-edge technology research, advanced equipment, and metamaterial product production, ensuring that the production and delivery of the company's advanced equipment products are not affected, meeting the high-speed growth demand of the national 15th Five-Year Plan.

Shengda Resources: Planned to acquire 47% equity of Honglin Mining, with the stock halted.

Shengda Resources announcement, the company is planning to acquire 47% equity of Honglin Mining through issuing shares, while intending to issue shares to no more than 35 specific entities to raise matching funds. Due to the uncertainty of the relevant matters, upon the company's application, the company's securities have been suspended from trading since October 21. The company expects to disclose the details of this transaction within no more than 10 trading days. Currently, this transaction is still in the planning stage, and the parties involved have not yet signed a formal transaction agreement. The specific transaction plan is still under discussion and verification, with uncertainties remaining.

Dagang Holding Group: Controlling shareholder plans control change matters, with the stock halted.

Dagang Holding Group announced that the controlling shareholder, Sun Jianxi, is planning matters related to the change of control of the company, intending to transfer the 11% stake held by them and entrust the voting rights corresponding to the 13.2% company's shares held by themselves and the concerted action parties. After the implementation, the remaining voting rights corresponding to the remaining shares held by Sun Jianxi and concerted action parties will change to 5%, resulting in a change in the actual controller of the company. The matter is currently in the negotiation stage, with significant uncertainty. The company's stock will be suspended from trading from the opening of the market on October 21, 2024, with an expected suspension period not exceeding 2 trading days.

Hytera Communications Corporation: The scheduled disclosure date of the company's 2024 third-quarter report has been adjusted to October 25.

Hytera Communications Corporation announced that the closing price of the company's stock has deviated by more than 200% for seventeen consecutive trading days, indicating a serious abnormal volatility in stock trading. Regarding the commercial secrets and copyright infringement litigation between the company, MOTOROLA SOLUTIONS INC., and Motorola Malaysia, the United States Federal Seventh Circuit Court of Appeals rejected the company's motion for reconsideration and re-judgment after the second-instance judgment. The final outcome of the lawsuit may have a certain impact on the company's profits, with some level of uncertainty. The scheduled disclosure date for the company's third-quarter report in 2024 has been adjusted to October 25, 2024. Currently, the relevant financial data has not been provided to third parties. As of October 18, 2024, the company's stock price has seen a significant short-term increase, with no major changes in the internal and external operating environment of the company, and there are no significant contracts that should be disclosed but have not been disclosed recently.

Investment & Signing

Chengdu Haoneng Technology announced: to increase the capital of its wholly-owned subsidiary, Luzhou Haoneng, by 0.4 billion yuan through debt-to-equity conversion.

Chengdu Haoneng Technology announced that the company plans to increase the capital of its wholly-owned subsidiary, Luzhou Haoneng, by 0.4 billion yuan through debt-to-equity conversion. After the capital increase, the registered capital of Luzhou Haoneng will increase from 0.35 billion yuan to 0.75 billion yuan. The purpose of this capital increase is to accelerate the company's differential industry layout, enhance the profit-making ability of Luzhou Haoneng, improve its overall competitive strength, promote sound operation and sustainable development, and further enhance the overall profit-making ability of the company. After the capital increase, Luzhou Haoneng will remain a wholly-owned subsidiary of the company, without changing the scope of the consolidated financial statements of the company.

DER Future Science and Technology Holding Group: its wholly-owned subsidiary, Dehaas, plans to invest no more than 0.28 billion yuan in a mining company.

der future science and technology holding group announced that its wholly-owned subsidiary der hess graphene technology (Suzhou) co., ltd. signed an "investment intention agreement" with der group limited, shi Xudong, Xu Hongshu on October 20. der hess intends to invest no more than 0.28 billion yuan in Zhalute Banner der graphene mining co., ltd., including but not limited to capital increase or equity transfer. The final transaction price will be determined by referring to the value of 100% equity of the target company on the evaluation base date as evaluated by a third-party evaluation institution with securities qualifications and documented in the asset appraisal report, to be negotiated and confirmed by all parties. This transaction constitutes a related party transaction.

Increase or Decrease of Shareholding & Share Repurchase

China Merchants Port Group: has obtained a loan facility from CM Bank of up to 0.389 billion yuan for the purpose of repurchasing its own shares.

China Merchants Port Group announced that the company plans to repurchase shares ranging from 0.195 billion yuan to 0.389 billion yuan for the purpose of cancellation and reducing the company's registered capital. The repurchase price shall not exceed 31.5 yuan per share (inclusive). The company signed a "Cooperation Agreement" with China Merchants Bank Shenzhen Branch and obtained a loan commitment letter from China Merchants Bank Shenzhen Branch. The Shenzhen Branch of China Merchants Bank intends to provide a loan amount not exceeding 0.389 billion yuan for the company's share buyback project, with a loan term of 12 months. The loan interest rate shall generally not exceed 2.25% and shall not exceed the market rate.

Sinotrans Limited: Controlling shareholder obtains a loan of up to 0.3 billion yuan from CM Bank to increase holdings of the company's stocks.

Sinotrans Limited announced that the company's controlling shareholder, Sinotrans&CSC Holdings, and CM Bank Peking Branch signed a "Cooperation Agreement", with CM Bank planning to provide financing support for Sinotrans&CSC Holdings to increase its shareholding of listed company stocks, with a loan amount not exceeding 0.3 billion yuan, specifically used for centralized bidding trading to increase shareholding of Sinotrans Limited A-shares.

GRG Metrology & Test Group: Received a loan of up to 0.299 billion yuan from China Construction Bank for share buyback.

GRG Metrology & Test Group announced that the company recently received a 'Special Loan Commitment Letter for the Repurchase of GRG Metrology & Test Group Co., Ltd. Stocks' issued by the authorized branch of China Construction Bank, committing to provide a special loan of up to 0.299 billion yuan for stock repurchase.

Cosco Shipping Development: Bank of China promises to provide a loan of up to 0.2872 billion yuan for the company's repurchase.

Cosco Shipping Development announced that the company plans to repurchase 40 million to -80 million shares, calculated at the upper repurchase price of 3.59 yuan per share, with an estimated repurchase amount of 0.144 billion yuan to -0.287 billion yuan. Bank of China Shanghai Branch issued a 'Loan Commitment Letter' to the company on October 18, agreeing to provide special loan support for the company's repurchase of A-shares, with a loan amount of up to 0.2872 billion yuan. The commitment letter is valid for one year from the date of issue. Apart from the mentioned loan, the remaining funds for this A-share repurchase come from the company's own funds.

Shandong Linglong Tyre: Controlling shareholder plans to apply for a loan of up to 0.2 billion yuan to increase holdings of the company's stocks.

Shandong Linglong Tyre announced that the company's controlling shareholder, Linglong Group, plans to increase its stake in the company by 0.15 billion to 0.2 billion yuan. On October 19, Linglong Group signed a "Listed Company Stock Repurchase/Increase Loan Agreement" with the Yantai Branch of China Construction Bank, intending to apply for a loan of up to 0.2 billion yuan for the specific purpose of increasing the company's stock holdings. From August 9 to October 20, Linglong Group has cumulatively increased its stake by 2.1194 million shares, accounting for 0.14% of the total share capital, with a total amount of approximately 40 million yuan. This increase plan has not yet been fully implemented.

[Dongxin Shares: Controlling Shareholders Plan to Increase Company's Shares by 0.2 to 0.24 Billion Yuan]

Dongxin Shares announced that the company's controlling shareholder, Orient Hengxin, based on confidence in the company's future stable development and recognition of the long-term investment value of the company's stock, plans to use its own funds and/or self-raised funds to increase its stake in the company through centralized bidding trading within six months from October 21, 2024, with a total amount not less than 0.2 billion yuan and not exceeding 0.24 billion yuan. This increase plan does not involve tender offer and will not cause changes to the company's controlling shareholder and actual controller. However, there may be risks that the plan may not be implemented due to changes in the securities market, policies, or unexpected progress in raising funds for the increase.

[CETC Chips: One of the Controlling Shareholders Plans to Increase Stake by 0.25 Billion to 0.5 Billion Yuan]

CETC Chips announced that one of the company's controlling shareholders and concerted actors, China Electronics Investment Holdings Co., Ltd., plans to increase the company's A-share holdings through methods permitted by the Shanghai Stock Exchange within 12 months from the date of the announcement (including but not limited to centralized bidding trading, block trading, etc.), with a total amount not less than 0.25 billion yuan and not more than 0.5 billion yuan, and not exceeding 2% of the total share capital.

[CETC Digital: Controlling Shareholders Plan to Increase Company's Shares by 0.2 to 0.4 Billion Yuan]

CETC Digital announced that the company's controlling shareholders, CETC Digital Group and its concerted actor, China Electronics Investment Holdings Co., Ltd., plan to increase the company's A-share holdings, with the total amount not less than 0.2 billion yuan and not exceeding 0.4 billion yuan. The total percentage of this increase does not exceed 2% of the total share capital.

[Wyeth: Reached Cooperation Intent with CM Bank on Special Loans for Stock Repurchase]

Weimais announced that the source of the company's share buyback funds has been adjusted from 'over-raised funds of the company' to 'own funds and special loan funds'. The company has reached a cooperation intention with China Construction Bank Shenzhen Branch on the special loan for repurchasing stocks of listed companies, and specific matters will be subject to the subsequent relevant contracts signed. The company had previously announced a plan to repurchase company shares through centralized competitive bidding trading method with an amount not less than 50 million yuan and not exceeding 0.1 billion yuan, at a repurchase price not exceeding 35 yuan/share, for employee shareholding plan or stock-based incentives, as well as for reducing registered capital.

Tongyu Heavy Industry: Obtained share buyback and shareholding loan from China Construction Bank.

Tongyu Heavy Industry announced that the company had previously announced a plan to repurchase shares with an amount from 0.1 billion yuan (inclusive) to -0.2 billion yuan (inclusive). On October 19th, the company signed a 'Listed Company Stock Buyback/Shareholding Loan Contract' with an authorized branch of China Construction Bank, applying for a loan amount not exceeding the repurchase amount limit, with a loan term of 12 months, the loan is specifically used for stock repurchase of listed companies.

Suzhou Maxwell Technologies: Signed a special stock repurchase loan contract with China Citic Bank.

Suzhou Maxwell Technologies announced that the company will repurchase part of the publicly held shares through centralized competitive bidding trading, with a repurchase price not exceeding 120 yuan per share and a total repurchase fund amount of 50 million yuan (inclusive) to -0.1 billion yuan (inclusive). The company has signed a 'RMB Stock Repurchase Special Loan Contract' with the Suzhou branch of China Citic Bank, with a loan amount not exceeding 100% of the repurchase amount, and a loan term of 12 months.

Quzhou Development: Controlling subsidiary plans to reduce holdings of up to 2% of Honghua Data Shareholding.

Quzhou Development announced that the company's subsidiary, New Lake Smart Brain, plans to reduce its holdings of Honghua Data shares held through block trading, with a quantity not exceeding 3.589 million shares (2.00% of its total share capital). The reduction price will be determined based on its secondary market trading price, with a reduction period within 3 months after 15 trading days from the disclosure of Honghua Data's reduction plan. This transaction will improve the company's asset utilization efficiency and liquidity.

Operation & Performance

Lens Technology: The net profit in the first three quarters was 2.371 billion yuan, a year-on-year increase of 43.74%.

Lens Technology released the third quarter report for 2024. The company achieved revenue of 46.228 billion yuan in the first three quarters, an increase of 36.74% year-on-year; net income attributable to shareholders of the listed company was 2.371 billion yuan, an increase of 43.74% year-on-year. In the third quarter alone, revenue reached 17.361 billion yuan, up 27.37% year-on-year; net income attributable to shareholders of the listed company was 1.51 billion yuan, up 37.85% year-on-year.

Tonghua Golden-Horse: The net profit in the first three quarters was 23.9237 million yuan, a year-on-year increase of 53.84%.

Tonghua Golden-Horse Pharmaceutical Industry Co.,Ltd released the third quarter report for 2024, achieving a revenue of 0.969 billion yuan in the first three quarters, a year-on-year decrease of 7.24%; the net income attributable to shareholders of the listed company was 23.9237 million yuan, a year-on-year increase of 53.84%; and the basic earnings per share were 0.0248 yuan. In the third quarter, the net income attributable to shareholders of the listed company was 11.4554 million yuan, a year-on-year increase of 139.97%.

Contract & Project Bid

Tianyima: Selected the computing power service project with a total amount of approximately 0.383 billion yuan.

Tianyima announced that the company received the selection notice from China Mobile Communications Group Guangdong Co., Ltd. Shenzhen Branch for the 'customer computing power network cluster service project computing power service' project and the 'customer computing power network cluster service project computing power maintenance service' project. The company was selected as the winning unit for the above projects. The selected amount for 'customer computing power network cluster service project computing power service' is 0.331 billion yuan (tax included), and the selected amount for 'customer computing power network cluster service project computing power maintenance service' is 51.6976 million yuan (tax included).

Runjian Co., Ltd.: Pre-winning bid for the Guangdong Tower Integrated Maintenance Service Project for 0.131 billion yuan.

runjian co.,ltd. announcement, the company is the candidate winner of the Guangdong Tower 2025-2027 comprehensive maintenance service project, with a total bid scale of 0.1306458 billion yuan (excluding tax) throughout the service period. This bid project maintains the first market share and market ranking, it is an important contract for the company's communication network business, which helps the company continuously consolidate its competitive advantage and leading position. However, it is currently in the candidate winner public announcement period, and there is a certain uncertainty as to whether the company can obtain the "Bid Notice" and ultimately sign the formal contract.

Eastone Century Technology: Pre-winning bid for the Guangdong Tower comprehensive maintenance service project of 0.124 billion yuan.

Eastone Century Technology announced that the company has become the candidate with the fourth share of the winning bid for the "Guangdong Tower 2025-2027 comprehensive maintenance service project", with an expected discounted selected amount of 0.124 billion yuan (inclusive of tax). The project's service content includes daily inspections, maintenance, etc., of tower, indoor distribution, microsites, and new business sites for the Guangdong Tower. The project service period is from January 1, 2025, to December 31, 2027. This winning bid will help the company expand its business scale in Guangdong, with a positive impact on the company's performance.

Financing & Private Placement

JinkoSolar: Intends to issue GDR to raise up to 4.5 billion yuan.

JinkoSolar announced that the company plans to issue GDR (Global Depositary Receipt) overseas and list on the Frankfurt Stock Exchange. The newly issued basic securities A shares represented by this GDR issuance will not exceed 10% of the total share capital of the company's common stock before the issuance. The total amount raised will not exceed 4.5 billion yuan (or equivalent in foreign currency). The net proceeds after deducting the issuance expenses will be used for a 1GW high-efficiency component project in the USA, the construction of the second phase 1.4GW integrated production base in Shanxi, supplementing working capital, or repaying bank borrowings.

Stock Price Volatility

Hebei Changshan Biochemical Pharmaceutical: The company has no revenue from weight-loss effective products.

Hebei Changshan Biochemical Pharmaceutical issued an abnormal announcement that the company conducted clinical trials of Aibena peptide and applied for marketing approval from the National Medical Products Administration. The indications are all for the treatment of type 2 diabetes and do not involve indications for obesity. The company has not yet conducted clinical trials of Aibena peptide for obesity or weight loss. The company does not have revenue from weight loss efficacy products. The Aibena peptide injection by the company has not yet been marketed. The application for the marketing approval of Aibena peptide injection has been accepted by the National Medical Products Administration and is currently in the professional evaluation phase. There is still uncertainty about whether Aibena peptide can be approved for marketing and the approval timing. Aibena peptide is the research and registration conducted by the company's holding subsidiary, Changshan Kaijiejian, with the company holding 51% of the shares of Changshan Kaijiejian.

H.B. Fuller: The company is planning a major asset restructuring.

H.B. Fuller issued a abnormal trading announcement. The trading price of the company's stock has deviated by more than 30% from the closing price for two consecutive trading days, indicating abnormal stock trading. The company is planning a major asset restructuring, intending to issue shares and convertible corporate bonds to Shanghai Shenhe Investment Co., Ltd. and other counterparties to purchase 100.00% equity of Jiangsu H.B. Fuller Semiconductor Technology Co., Ltd., and intends to issue shares to raise funds from no more than 35 specific investors. This transaction is expected to constitute a major asset restructuring, constitutes a related party transaction, and does not constitute a restructuring for listing. Apart from the above, there are no significant undisclosed matters concerning the company, controlling shareholder, and actual controller.

Other products

Central China Securities: Received a decision on administrative supervision measures from the CSRC, suspended from bond underwriting business for 6 months.

Central China Securities announced that the company recently received a decision from the China Securities Regulatory Commission on the 'Decision on Suspending the Bond Underwriting Business of Central China Securities Co., Ltd.' The CSRC decided to suspend the company's bond underwriting business from October 17, 2024, to April 16, 2025, due to the company's involvement in non-market-oriented bond issuance such as assisting bond issuers in signing bond consulting service agreements with investors and providing face interest subsidization. In addition, the company's General Manager Li Zhaoxin and former Deputy General Manager Hua Jinzhong were required to go to the CSRC for regulatory discussions. Currently, the company's other operations are normal. The impact of being ordered to suspend bond underwriting business on the company's future operating performance is uncertain.

M-Grass Ecology: The employee stock ownership plan has been terminated.

M-grass ecology and environment announcement, the company's employee stock ownership plan was established on September 12, 2018, and as of October 18, 2024, the employee stock ownership plan shares have all been sold. According to relevant regulations, the company's employee stock ownership plan has been completed and terminated, and subsequent work will include property settlement and distribution. In the next twelve months, if the company introduces a new employee stock ownership plan, it will fulfill the review procedures and information disclosure obligations as required by relevant laws and regulations.

Shaanxi Energy: Liangshuijing Mining has now resumed normal production.

Shaanxi Energy announced that its holding subsidiary Liangshuijing Mining has completed rectification according to the requirements of the penalty decision. Shenmu City Energy Bureau organized an on-site review and acceptance and reported to Yulin City Energy Bureau. Yulin City Energy Bureau agreed to remove the major safety hazards of Liangshuijing Mining, and the mine has now resumed normal production.