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[Inventory of important news].

The market value management guidelines of listed companies have been implemented, and the public offering continues to be optimistic about dividend assets

On the evening of November 15, the China Securities Regulatory Commission issued the "Guidelines for the Supervision of Listed Companies No. 10 - Market Value Management", with a total of 15 articles in the "Guidelines", which further guides listed companies to pay attention to their own investment value and effectively improve investor returns. The Guidelines clarify the definition of market value management and the responsibilities and obligations of relevant entities, and set out specific requirements for major index constituent companies and long-term net-breaking companies. Listed companies are required to do a good job in market value management in accordance with the law, attach great importance to investor protection and returns, and actively use tools such as mergers and acquisitions.

Comments: "Dividend companies that can provide relatively stable cash flow have relative advantages, especially when cash flow comes from industries that are highly related to people's livelihood, such as transportation, telecommunications, banks, etc., and such dividend companies perform better in this context." The above-mentioned South China public offering investment researcher said that the release of the "Guidelines" superimposed on the new "National Nine Articles" and the market value management demands of central enterprises, the willingness of these enterprises to pay dividends may be more prominent. The two advantages of stable cash flow, strong willingness to pay dividends, and dividend assets make them a high-quality ballast asset preferred by investors.

Global equity funds posted their largest weekly net inflows in more than a decade

Global equity funds posted their biggest weekly net buying in more than a decade in the week ended Nov. 13 as investors were optimistic that Trump's re-election would boost corporate earnings and boost U.S. economic growth.

Commentary: Investors poured $49.3 billion into global equity funds during the week, the highest net inflow since at least January 2014.

Is the Trump deal about to take a major turn? Foreign giants: buy Chinese stocks!

Bank of America strategist Michael Hartnett said in the latest report that with the tightening of financial conditions in the United States, investors are advised to adjust their portfolios before the inauguration of President-elect Trump to buy Chinese and European stocks, as well as U.S. bonds and gold. As the market digested the possible policy changes brought about by the Trump administration, and Federal Reserve officials suppressed expectations of interest rate cuts, the U.S. stock market suffered a sharp sell-off. Last week, the three major U.S. stock indexes fell sharply across the board, with the S&P 500 falling more than 2% in a single week, the Dow falling more than 1% and the Nasdaq falling more than 3%. At the same time, the fear index VIX soared.

Commentary: Wall Street analysts believe investors are starting to exercise caution as post-election concerns create an uncertain market outlook. As the initial euphoria over Trump's victory began to fade, investors began to recognize the cost of Trump's fiscal plan and the risk of a possible resurgence of inflation. Looking ahead to this week, the fallout from the "Trump deal" is likely to continue to impact global markets.

Wall Street investment bank consensus: the Fed will slow down interest rate cuts in 2025

After the results of the U.S. election, global asset performance fluctuated significantly. In the short term, Treasury yields and the U.S. dollar index moved higher, while gold and crude oil prices fluctuated. In the long term, the market will focus more on the fundamentals of the US economy, as well as the monetary policy of the Federal Reserve. Looking ahead to the Fed's policy path next year, most investment banks believe that the Fed will continue to maintain its current gradual policy path, gradually adjusting interest rates in response to changes in the economy. Specifically, investment banks expect the Fed to slow the pace of rate cuts in 2025, and may even pause in some cases.

Commentary: The slowdown in the pace of Fed rate cuts could put more pressure on Asian currencies, especially for Asian central banks that rely on the Fed's policy guidance. Even though the Fed has already started cutting interest rates, Asian currencies are still under depreciation pressure due to the strong impact of the US dollar. Central banks in these countries may have to postpone their rate cuts, necessitating larger cuts at some point in the future in response to the economic situation.

Swap out hidden debts! The five places began to "practice", and issued more than 200 billion yuan

On November 8, the Standing Committee of the 14th National People's Congress deliberated and approved an increase of 6 trillion yuan in the special debt limit of local governments to replace the stock of implicit debts. According to the reporter's incomplete statistics, since November 12, Henan fired the first shot to replace hidden debts, including Liaoning Dalian City, Guizhou Province, Jiangsu Province and Shandong Qingdao City, have disclosed the issuance or planning to issue relevant bonds, thereby replacing the stock of hidden debts, the overall amount has exceeded 224 billion yuan.

Comments: Relevant brokerage analysts told reporters that replacing implicit debts with local government special bonds can extend the debt term, and can significantly reduce interest rates, reduce interest expenses, and significantly reduce local debt repayment pressure. This swap will significantly reduce the scale of local implicit debts that need to be digested, achieve the goal of completely resolving local implicit debts by 2028, and allow local governments to travel lightly.

A share dividend set a new record! List of the top stocks that paid dividends per share in the third quarter

Since the beginning of this year, under the guidance and encouragement of policies, listed companies have further improved the normalized dividend mechanism, continuously enhanced the awareness of dividends, and improved the level of dividends. With the completion of the disclosure of the third quarterly report, according to incomplete statistics, this week, a number of listed companies, including Cialis, Shantui shares, Fuling Power, Linyang Energy, etc., released cash dividend plans for the third quarter or the first three quarters.

Comments: In 2024, the number of A-share listed companies in Shanghai and Shenzhen that will release cash dividend plans for the third quarter and the total amount of dividends will reach a record high, and the return level of listed company investors will continue to increase.

[Industry hot spots].

Enterprises are busy listing in Hong Kong, and autonomous driving and artificial intelligence have become popular tracks

Gold prices rarely "fell six times in a row"! The latest research and judgment of public funds is coming

Solid-state batteries frequently "discharged" concept stocks, and theme funds swept away the decline

The "weight loss version" semaglutide has arrived, and many companies have laid out this track

Lithium Knockout Exam Questions: Will Solid-State Batteries Be Cheaper Than Liquid? Sodium electricity or accounts for "half of the country"? Hit the "battery Davos".

[Market dynamics].

A-shares: The three major A-share stock indexes collectively opened lower on November 15. Weak and volatile in early trading, with a significant decline in the afternoon. After a brief recovery in the afternoon, the two cities fell rapidly, and the decline in the end of the session was further expanded. From the perspective of the disk, brokerage stocks fell across the board, and the chips, military industry, computers, and photovoltaic sectors accelerated their decline; The AI application side bucked the trend and strengthened, the first day of the Chinese word rose and fell, and the dividend assets stabilized in the red for two consecutive days. At the close, the Shanghai Composite Index fell 1.45% to 3,330.73 points, the STAR 50 Index fell 3.94% to 986.88 points, the Shenzhen Component Index fell 2.62% to 10,748.97 points, and the ChiNext Index fell 3.91% to 2,243.62 points. Wind statistics showed that a total of 928 stocks rose in the two cities and the Beijing Stock Exchange, 4,364 stocks declined, and 71 stocks were flat.

Hong Kong stocks: Hong Kong stocks last Friday the three major indexes rose in the afternoon, the Hang Seng Index turned down at the end of the session, and finally closed down 0.05%, yesterday fell into the bear market Hang Seng Technology Index rose 0.22% to stop the continuous decline in the market, intraday once soared to 1.7%, the national index rose slightly by 0.1%, after a continuous decline in market sentiment slowly stabilized. This week, the Hang Seng Index fell 6.28%, the HSCEI fell 6.45%, and the Hang Seng Tech Index fell 7.29%.

U.S. stocks: On November 15 (Friday), the three major U.S. stock indexes collectively closed down. At the close, the Dow fell 0.7%, the S&P 500 fell 1.32%, and the Nasdaq fell more than 400 points, or 2.24%. For the week, the Dow fell 1.24%, the S&P 500 fell 2.08%, and the NASDAQ fell 3.15%. Among them, the S&P 500 and the Nasdaq both recorded their biggest weekly declines since early September, and the Dow Jones recorded its largest weekly decline since late October.

European stocks: Germany's DAX 30 index fell 0.13%, Britain's FTSE 100 index fell 0.09%, France's CAC 40 index fell 0.58%, Europe's Stoxx 50 index fell 0.79%, Spain's IBEX 35 index rose 0.93%, and Italy's FTSE MIB index fell 0.49%.

Institutional Strategy

Top 10 institutions: The probability of a large-scale trend in A-shares in the next two years will further increase

China Merchants Securities Research Report pointed out that in the financial data released last week, the M1 growth rate finally showed an inflection point, indicating that the previous economic policy began to gradually take effect, which is in line with the five-year cycle law of "every four and every nine" out of the M1 inflection point, and also indicates that the five-year cycle law of the stock market is still playing a role. Last week, with the market correction, the net inflow of financing funds slowed down marginally, and the proportion of financing purchases in turnover fell back to less than 10%. Equity ETF shares have been converted to net subscriptions, and A500ETF continue to be net subscriptions. Looking ahead, after the dominance of small and medium-sized styles in the early stage, with the small and medium-sized styles making up for the rise in place, the fourth quarter has entered the stage of performance correction and year-end valuation switching, ETFs have gradually become popular among the people, and CSI A500 has entered a period of batch positioning, and the market and quality styles are expected to return in the last two months.

[Topic Company].

Huawei rushed to the hot search! The finale flagship will be officially released on November 26, Yu Chengdong: The most powerful Mate in history

#华为Mate 70# entry rushed to the hot search on Weibo on the 17th. On November 4, Yu Chengdong, Executive Director of Huawei, Chairman of the Board of Directors of the Device BG, and Chairman of the Board of Directors of the Intelligent Vehicle Solution BU, said on his personal Weibo: "The most powerful Mate in history! See you in November! ”

Duan Yongping and Li Lu's 137 billion yuan U.S. stock holdings were announced, and both of them made important moves in the third quarter

With the end of the disclosure of the position data of U.S. stock institutional investors in the third quarter (i.e., Form 13F), the positions of Duan Yongping and Li Lu, who have attracted much attention in the Chinese investment circle, have also been revealed. As of the end of the third quarter, the total market value of the two major investors in the US stock market reached 19 billion US dollars (about 137 billion yuan), and both of them made important moves in the third quarter. Among them, the H&H International Investment Fund (hereinafter referred to as the H&H Fund), which is believed to be managed by Duan Yongping, has significantly increased its positions in Pinduoduo and Occidental Petroleum, reduced its holdings in Apple, and liquidated its position in Bank of America. Li Lu's Himalayan fund also reduced its holdings in Apple, while also creating a new position in a loss-making oilfield stock.

[IPO dynamics].

This week, 3 new shares were subscribed, and Apple, Xiaomi, and Huawei suppliers came

This week (November 18-November 22), 3 new shares will be arranged for online subscription. The new shares subscribed for are Shengye Electric Co., Ltd. (hereinafter referred to as "Shengye Electric", 920128.BJ), Lianru Technology (Hangzhou) Co., Ltd. (hereinafter referred to as "Lianru Technology", 688449.SH), and Baotou Inst Rare Magnetic New Materials Co., Ltd. (hereinafter referred to as "Inst", 301622.SZ). Among them, INST is the core company of rare earth permanent magnet devices in the electronics industry, and has become one of the main suppliers of rare earth permanent magnet material application devices for Apple, Microsoft, Xiaomi, Huawei and other brands.

Announcement Reminder

[Suspension].

600356 Hengfeng Paper

600250 Nanjing Business Travel

600421 Huarong Holdings

000908 *ST Jingfeng

[Resumption].

600889 Nanjing Chemical Fiber

688173 Xi Diwei

[Hot Spots].

*ST Jingfeng: Abnormal fluctuations in stock trading, suspension and verification

* ST Jingfeng (000908) announced on the evening of November 17 that the company's shares rose by 752.78% from July 3 to November 15, and the stock price fluctuated greatly, and investors paid more attention to it. After the company's application, the company's shares will be suspended from the opening of the market on November 18, 2024, and will resume trading after the verification is completed and relevant announcements are disclosed, and the suspension is expected to last no more than 3 trading days.

Tianjin Investment Urban Development: The proposed transfer of the equity of the subsidiary is expected to constitute a major asset restructuring

Tianjin Investment Urban Development (600322) announced on the evening of November 17 that the company intends to transfer 90% of the equity of the holding subsidiary Huachi Company, 46.33% of the equity of the shareholding subsidiary Huafugong Company and 31.89% of the equity of the shareholding subsidiary Tianfang Property Company through public listing or non-public agreement transfer. According to preliminary estimates, this transaction is expected to constitute a major asset restructuring. The counterparty of this transaction is not clear, the transaction contract has not been signed, there is no performance arrangement, and the main content of the contract such as the final transaction price and payment method cannot be determined at present.

Xidiwei: It is planned to purchase 100% of the shares of Chengxin Micro by issuing shares and paying cash, and the stock will resume trading on November 18

Xidiwei (688173) announced on the evening of November 17 that the company intends to purchase 100% of the shares of Chengxin Micro held by Cao Jianlin, Cao Songlin, Lianzhi Chuangxin and Huizhi Chuangxin by issuing shares and paying cash, of which 55% of the transaction consideration is paid by the listed company by issuing shares, and 45% of the transaction consideration is paid by the listed company in cash. The company's shares will resume trading from the market open on November 18, 2024. This transaction is expected to constitute a major asset restructuring, but not a related party transaction and restructuring and listing.

Hailiang shares: The company's copper pipe exports are very little affected by the adjustment of tax rebates

Hailiang Co., Ltd. (002203) announced on the evening of November 17 that on November 15, 2024, according to the Announcement No. 15 of 2024 issued by the Ministry of Finance and the State Administration of Taxation "Announcement on Adjusting the Export Tax Rebate Policy", it will be implemented from December 1, 2024, and the export tax rebate rate of some refined oil, photovoltaics, batteries, and some non-metallic mineral products will be reduced from 13% to 9%; Abolish export tax rebates for aluminum, copper, chemically modified animal, vegetable or microbial oils, greases and other products. The adjustment of the export tax rebate policy, the cancellation of the export tax rebate of aluminum, copper and other products, mainly involves the company's copper tube product exports, and more than 90% of the company's product exports are carried out in the form of import processing, and the import processing business model is based on processing fees, which is very little affected by the tax rebate adjustment.

[Increase or decrease holdings].

Nanning Department Store: Shareholder Nanning Futian intends to reduce its holdings of no more than 0.73% of the company's shares

Nanning Department Store (600712) announced on the evening of November 17 that Nanning Futian Investment Co., Ltd., a shareholder of 0.73% of the company, intends to reduce the total number of shares of Nanning Department Store by bidding transactions and block transactions by no more than 3.9993 million shares, that is, no more than 0.73% of the total share capital of Nanning Department Store.

Wanfeng shares: Ningbo Yixian plans to reduce its holdings of no more than 3% of the company's shares

Wanfeng shares (603172) announced on the evening of November 17 that Ningbo Yixian Enterprise Management Consulting Co., Ltd. (hereinafter referred to as "Ningbo Yixian"), a specific shareholder holding 3.75% of the company's shares, plans to reduce its holdings of the company's shares by block trading no more than 2,667,600 shares, that is, no more than 2% of the company's current total share capital; It is planned to reduce the company's shares by centralized bidding by no more than 1,333,800 shares, that is, no more than 1% of the company's current total share capital; It will be carried out within 90 days after 15 trading days from the date of the announcement of this shareholding reduction plan.

CETC Digital: The controlling shareholder and its persons acting in concert received a special loan to increase their holdings

CETC Digital (600850) announced on the evening of November 17 that the company's controlling shareholder, CETC Digital Technology (Group) Co., Ltd. (hereinafter referred to as "CETC Digital Group") and its concerted actor CETC Investment Holdings Co., Ltd. (hereinafter referred to as "CETC Investment") have respectively obtained a letter of commitment for special loans issued by Shanghai Jiading Branch of Industrial and Commercial Bank of China Co., Ltd. and Beijing Branch of Shanghai Pudong Development Bank Co., Ltd. Among them, ICBC promised to provide a special loan of no more than 180 million yuan to CETC Digital Group for the special loan project for the increase in stock holdings of CETC Digital Technology Co., Ltd., with a loan term of no more than 1 year. Shanghai Pudong Development Bank undertakes to provide a special loan of no more than 140 million yuan to CETC Investment for the special loan project for the increase in shareholdings of CETC Digital Technology Co., Ltd., with a financing period of no more than 1 year.

Sai Microelectronics: The controlling shareholder intends to reduce his holdings of no more than 0.8% of the company's shares

Saiwei Electronics (300456) announced on the evening of November 17 that Yang Yunchun, the controlling shareholder, actual controller, chairman and general manager of the company holding 25.18% of the shares, plans to reduce his holdings of no more than 5,857,700 shares of the company through centralized bidding, that is, no more than 0.8% of the company's total share capital, within three months after 15 trading days (no reduction during the window period).

[Equity transfer].

Gravity Media: The controlling shareholder Luo Yanji transferred 5.029% of the company's shares to Kaifeng Fund

Gravity Media (603598) announced on the evening of November 17 that on November 16, Luo Yanji, the controlling shareholder of the company, signed the "Share Transfer Agreement" with Shanghai Kaifeng Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Kaifeng Fund"), transferring a total of 13.5 million unrestricted tradable shares of the company, accounting for 5.029% of the company's total share capital, to Kaifeng Fund. The unit price of the stock transfer is 14.4 yuan per share, and according to this calculation, the total transfer price of the underlying stock is 194 million yuan. The transfer of this agreement will not lead to changes in the controlling shareholders and actual controllers of the company, will not affect the normal production and operation of the company, and will not damage the rights and interests of listed companies and other shareholders.

Bozhon Seiko: Suzhou Zhonger intends to transfer 5.426% of the company's shares by agreement

Bozhon Seiko (688097) announced on the evening of November 17 that Suzhou Zhonger, the concerted action person of the company's controlling shareholder Bozhon Group, signed the "Equity Transfer Agreement" with Xinke Hongchuang, intending to transfer 24,235,100 unrestricted tradable shares (accounting for 5.426% of the company's total share capital) to Xinke Hongchuang through agreement transfer, with a transfer price of about 477 million yuan. After the completion of the transfer agreement, Suzhou Zhonger still directly holds 130 million shares of the listed company, accounting for 29.216% of the company's total shares. Xinke Hongchuang directly holds 24,235,100 shares of the company, accounting for 5.426% of the company's total shares. This change in equity does not involve the reduction of the actual controller and its persons acting in concert, does not affect the tender offer, and will not lead to a change in the controlling shareholder and actual controller of the company.

Blonde Rabi: The company acquired 51% of the shares of Zhuhai Hanfei and Zhongshan Hanfei in cash and controlled them

Blonde Rabi (002762) announced on the evening of November 17 that the company intends to acquire 51% of the equity of Zhuhai Hanfei Medical Beauty Clinic Co., Ltd. (hereinafter referred to as "Zhuhai Hanfei") wholly owned by Guangdong Hanfei Hospital Investment Co., Ltd. (hereinafter referred to as "Hanfei Investment") for 41.2767 million yuan, and 51% of the equity of Zhongshan Hanfei Medical Beauty Clinic Co., Ltd. (hereinafter referred to as "Zhongshan Hanfei") wholly owned by Hanfei Investment for 10.1269 million yuan. Hanfei Investment is a shareholding company of the Company, and this transaction constitutes a connected transaction. After the completion of this transaction, Zhuhai Hanfei and Zhongshan Hanfei will be included in the company's consolidated financial statements.

[Equity financing].

Nanshan Zhishang: The application for the issuance of shares to specific targets was approved by the Listing Review Center of the Shenzhen Stock Exchange

Nanshan Zhishang (300918) announced on the evening of November 17 that the Shenzhen Stock Exchange's issuance and listing review agency reviewed the company's application documents for issuing shares to specific objects, and believed that the company met the issuance conditions, listing conditions and information disclosure requirements, and the Shenzhen Stock Exchange will report to the China Securities Regulatory Commission to perform the relevant registration procedures in accordance with the regulations.

*ST Xinning: The application for the issuance of shares to specific targets was approved by the Listing Review Center of the Shenzhen Stock Exchange

*ST Xinning (300013) announced on the evening of November 17 that the Shenzhen Stock Exchange's issuance and listing review agency reviewed the company's application documents for issuing shares to specific objects, and believed that the company met the issuance conditions, listing conditions and information disclosure requirements, and the Shenzhen Stock Exchange will report to the China Securities Regulatory Commission to perform the relevant registration procedures in accordance with the regulations.

Zhizhen Technology: The application for issuing shares to specific targets was accepted by the Shenzhen Stock Exchange

Zhizhen Technology (003007) announced on the evening of November 17 that the Shenzhen Stock Exchange checked the application documents submitted by the company for the issuance of shares to specific objects, and decided to accept the application documents when it considered that the application documents were complete.

[Miscellaneous].

Tianmu Lake: Pre-won the bid for the first phase of the Liyang Tianmu Lake Animal Kingdom Cultural Tourism Complex (including the hotel) operation project

Tianmu Lake (603136) announced on the evening of November 17 that after public bidding, the Liyang Branch of Changzhou Public Resources Trading Center (hereinafter referred to as the "Trading Center") of Changzhou City, Jiangsu Province released the announcement of winning the bid for the first phase of the Liyang Tianmu Lake Animal Kingdom Cultural Tourism Complex (including hotels) operation project (hereinafter referred to as the "project"), making it clear that the company is the winning bidder of the project. Jiangsu Tianmu Lake Animal Kingdom Tourism Co., Ltd. (hereinafter referred to as "Animal Kingdom Company") is the company to which the public bidding project belongs, and is a related party of the company, and the above transaction constitutes a connected transaction. As of the date of this announcement, the bid-winning project is in the pre-bid result publicity stage, and the company has not yet obtained the notice of winning the bid and has not signed a formal contract.

Zhongsheng Pharmaceutical: The phase II clinical trial of onladivir granules completed the enrollment and dosing of the first participant

Zhongsheng Pharmaceutical (002317) announced on the evening of November 17 that the phase II clinical trial of the first participant enrollment and dosing of the first participant in the treatment of patients aged 2-17 years old with the first phase of the innovative drug Onladivir Granules (R&D code: ZSP1273 Granules) independently developed by Guangdong Zhongsheng Ruichuang Biotechnology Co., Ltd., a holding subsidiary of the company.

Junshi Biosciences: Toripalimab was approved by the UK Medicines and Healthcare products Regulatory Agency for marketing authorization (Golden Kirin analysts).

Junshi Biosciences (688180) announced on the evening of November 17 that toripalimab (UK trade name: LOQTORZI®), a product of TopAlliance Biosciences Inc., a wholly-owned subsidiary of the company, has obtained marketing authorization from the UK Medicines and Health Products Agency (MHRA) for the treatment of two indications: toripalimab in combination with cisplatin and gemcitabine for relapsed, inoperable or radiotherapy. or first-line treatment of adult patients with metastatic nasopharyngeal carcinoma, and toripalimab in combination with cisplatin and paclitaxel for first-line treatment of adult patients with unresectable advanced/recurrent or metastatic esophageal squamous cell carcinoma.

Weiguang Biotech: Signed a strategic cooperation agreement with Shenzhen University of Technology

Weiguang Biotechnology (002880) announced on the evening of November 17 that the company and Shenzhen University of Technology jointly promoted the integration of industry and education in the field of life and health, strengthened the cooperation of industry, university and research, and signed the "Strategic Cooperation Agreement" on November 14 with the goal of building a national science and technology park, promoting the upgrading of the life and health industry, and promoting regional economic development. This agreement does not involve specific transaction amounts and transaction matters, and is not a related party transaction.

Wanbangde: Chlorpromazine hydrochloride tablets obtained the registration approval for consistency evaluation

Wanbond (002082) announced on the evening of November 17 that Wanbond Pharmaceutical Group Co., Ltd., a wholly-owned subsidiary of the company, recently received the "Notice of Approval of Drug Supplementary Application" for chlorpromazine hydrochloride tablets approved and issued by the State Drug Administration. Chlorpromazine hydrochloride tablets are phenothiazine antipsychotics, which can be used to treat schizophrenia, mania, etc., and can also be used for vomiting, vomiting or intractable hiccups caused by various reasons. The company's chlorpromazine hydrochloride tablets are the first in China to pass the consistency evaluation.

Nanjing-Shanghai Expressway: Signed an investment agreement with Changzhou Traffic Control to jointly invest in the construction of the Danjin project

Nanjing-Shanghai Expressway (600377) announced on the evening of November 17 that the company has signed a capital contribution agreement with Changzhou Transportation Holding Group Co., Ltd., agreeing to jointly invest in the establishment of Jiangsu Danjin Expressway Co., Ltd. (tentative name), which is responsible for the investment, construction and operation management of the Danjin project. According to the agreement, the initial registered capital of Danjin Company is tentatively set at 1.704 billion yuan, of which 1.271 billion yuan will be invested by Nanjing-Shanghai Expressway, accounting for 74.6%, and 433 million yuan will be invested by Changzhou Traffic Control, accounting for 25.4%. The total investment of the project is 14.563 billion yuan, of which the project capital is 5.825 billion yuan, accounting for 40% of the total investment. In principle, the project capital should be in place at the time of registration of Danjin Company 1.704 billion yuan (about 29.25% of the project capital), and the remaining capital will be in place in stages according to the increase in the registered capital of the project and the actual construction progress.

Gujia Home: The shares held by shareholder Gujia Group have been frozen

Gujia Home Furnishing (603816) announced on the evening of November 17 that the company's shares held by Gujia Group, a shareholder of 12.55%, were frozen by the queue for a total of 103 million shares, accounting for 100% of the company's shares held by it. Gujia Group is not the controlling shareholder and actual controller of the company, and this matter will not lead to a change in the control of the company and will not affect the daily operation and management of the company.

Peneng Technology: Wei Zaisheng, chairman of the company, lifted the retention measure

Peneng Technology (688063) announced on the evening of November 17 that the controlling shareholder ZTE received the "Notice of Lifting Lien" issued by the Yongqing County Supervision Commission, and the Yongqing County Supervision Commission has lifted the retention measures against the company's chairman Wei Zaisheng. At present, Wei Zaisheng can normally perform the duties of the chairman and legal representative of the company, and Zhai Weidong, the director of the company, no longer performs the relevant duties of the chairman and legal representative.

Hengguang Co., Ltd.: The subsidiary does not exceed 250 million yuan to invest in the construction of a chemical construction project with an annual output of 300,000 tons in Laos

Hengguang Co., Ltd. (301118) announced on the evening of November 17 that after deliberation, the board of directors agreed that the company's wholly-owned subsidiary, Hengrun Chemical, invested in the construction of a chemical construction project with an annual output of 300,000 tons in Taqu County, Khammoun Province, Laos, including an annual output of 100,000 tons of phosphorus chemical products and an annual output of 200,000 tons of sulfuric acid products, the project construction period is expected to be 2 years, and the total investment will not exceed 250 million yuan.