A-Share Announcement Highlights | Plan to issue shares to acquire 51% of China Rare Earth Liangshan's rare earth mining and beneficiation assets; China Rare Earth Resources And Technology (000831.SZ) to resume trading on November 16

Today's Focus 1. China Rare Earth Resources And Technology: Plans to issue shares to acquire 51% equity of China Rare Earth Liangshan; trading to resume on November 16 China Rare Earth Resources And Technology (000831.SZ) announced that the company plans to acquire, by way of issuing shares, a 51% equity interest in China Rare Earth (Liangshan) Rare Earth Co., Ltd. held by its controlling shareholder China Rare Earth Resources And Technology Group, and to issue shares to no more than 35 specific investors to raise matching funds; the target company is mainly engaged in rare earth mining and beneficiation and smelting separation and processing, with main products being rare earth concentrate, rare earth carbonate, rare earth oxide series and rare earth metal series. This transaction constitutes a related-party transaction and is expected to constitute a major asset restructuring, but not a restructuring listing; the audit and valuation of the target have not yet been completed, and the transaction price has not yet been determined. The company's shares have been suspended from trading since November 2 and will resume trading from market open on November 16. 2. Yuanjie Semiconductor Technology: Wins RMB1.744 billion high-power laser chip order; customer exempted from disclosure Yuanjie Semiconductor Technology (688498.SH) announced that the company received a purchase order from Customer B for high-power laser chip products, with a total order amount of RMB1.744 billion (excluding tax), effective from the date of signature and seal by both parties, with the performance period lasting until the obligations under the purchase order are fulfilled; the customer name and some product models have been exempted from disclosure due to trade secrets, and the company has no related-party relationship with Customer B. If the order is smoothly implemented, it is expected to have a positive impact on the company's operating performance, but the pace of delivery and revenue recognition will be affected by capacity ramp-up, and there are risks of order changes, suspension or termination. 3. Tcl Corporation: TCL Zhonghuan Renewable Energy Technology plans to issue shares to acquire 65.80% of Zhonghuan Leading Tcl Corporation (000100.SZ) announced that its controlling subsidiary TCL Zhonghuan Renewable Energy Technology plans to acquire 65.80% of Zhonghuan Leading Semiconductor by way of issuing shares, and to issue shares to no more than 35 specific targets including the company to raise matching funds; TCL Zhonghuan Renewable Energy Technology plans to acquire 495,485,735 shares of Zhonghuan Leading held by the company, while the company will subscribe in cash for 20% to 30% of the total number of newly issued shares in the matching financing. After the transaction is completed, TCL Zhonghuan Renewable Energy Technology's shareholding in Zhonghuan Leading will rise from 32.72% to 98.52%, and the company will remain the controlling shareholder of TCL Zhonghuan Renewable Energy Technology; the audit and valuation of the target have not yet been completed, and the transaction price has not been determined. 4. Qingdao CHOHO Industrial: Acquires 51.11% equity of Coolcore with RMB460 million, expanding into liquid cooling Qingdao CHOHO Industrial (003033.SZ) announced that, based on a pre-investment valuation of the target of RMB800 million, the company will invest RMB360 million to acquire a 45% equity interest in Suzhou Coolcore Technology (diluted to 40% after capital increase), and then inject RMB100 million in cash as a capital increase to acquire an 11.11% equity interest, obtaining a total of 51.11% equity, and the target will be consolidated into the financial statements; the performance commitment parties have committed that the cumulative net profit from 2026 to 2028 will be no less than RMB240 million, of which no less than RMB65 million in 2026, no less than RMB80 million in 2027, and no less than RMB95 million in 2028. The company is mainly engaged in chain drive systems, and this transaction aims to expand into liquid cooling-related fields, with funds coming from its own and self-raised funds. 5. NYOCOR: Acquires 60% equity of Hezhang Power for RMB301 million, obtaining a 2660MW coal power project NYOCOR (600821.SH) announced that its wholly-owned subsidiary Jinkai Guizhou plans to acquire no less than 60% equity of Guiyang Energy Group Hezhang Power for consideration of RMB301 million, of which RMB105 million in cash and RMB196 million in payables assumed from the original shareholder; related party Jinrong Guojin will separately acquire 7.50% equity, with the two together acquiring no less than 67.50%. The target company holds the under-construction Guizhou Weihe 2660MW ultra-supercritical circulating fluidized bed coal power project, and the 100% equity price is determined at the lower of the filed appraised value and RMB502 million. After the acquisition, the company still needs to make up capital contributions of RMB319 million and, together with the related party, increase capital by RMB341 million in proportion to shareholdings. 6. China Hainan Rubber Industry Group: Lists Malaysian plantation assets for transfer at RMB476 million China Hainan Rubber Industry Group (601118.SH) announced that its controlling subsidiary He Sheng Agriculture plans to transfer 100% equity of JFL Singapore Company through public solicitation and bidding, with a transaction price of no less than the filed valuation of S$87.262 million, equivalent to RMB476 million; the target holds approximately 9,844.9 hectares of plantations through a Malaysian subsidiary, of which 3,375 hectares are planted with rubber and 1,515.1 hectares with oil palm. Due to factors such as aging trees and labor shortages, the asset has been continuously loss-making from 2023 to 2025, and the proceeds from the sale will be used for the main business or to repay foreign currency borrowings. 7. Beyondsoft Corporation: Terminates US$80 million asset sale; buyer delisted from Nasdaq Beyondsoft Corporation (002649.SZ) announced that the company plans to terminate the sale of a 51% equity interest in its digital technology services business to Nvni Group through a Singapore subsidiary, with the original base consideration of US$80.7 million and an expected final consideration of US$80 million to US$87 million; because the buyer received a formal notice from Nasdaq regarding the delisting of its securities, the closing condition of the buyer's continued listing qualification stipulated in the agreement was not satisfied, and the final deadline has expired, the transaction has not closed and the buyer has not paid the final price. After termination, the company will continue to hold the business and maintain normal operations, and will not recognize investment income from the disposal of equity. 8. Ningbo TIP Rubber Technology: Four consecutive limit-up trading days; trading suspended for verification from November 16 Ningbo TIP Rubber Technology (605255.SH) announced that the company's shares hit the daily limit up for four consecutive trading days from November 10 to 13, rising 54.73% cumulatively since November 9, and on November 11 already triggered the circumstances of abnormal stock trading fluctuations and disclosed a risk warning; in order to protect investors' interests, the company will verify the stock trading fluctuations, and the shares will be suspended from trading from market open on November 16 and will resume after disclosure of the verification announcement. The company stated that its fundamentals have not undergone major changes, recent share prices have seriously deviated from fundamentals, and investors participating in trading may face relatively large market risks. Operating Performance 1. China Shenhua Energy: October commercial coal output 45.30 million tonnes, up 10.2% year on year China Shenhua Energy (601088.SH) announced that October coal sales were 52.60 million tonnes, up 2.1%, and power generation was 22.15 billion kWh, down 5.6%. 2. Metallurgical Corporation of China: New contracts in first 10 months RMB548.75 billion, overseas RMB51.38 billion Metallurgical Corporation of China (601618.SH) announced that among major new contracts in October, the EPC for the steelmaking section of Vietnam Vinmetal was RMB1.30 billion. Share Buybacks & Increases/Decreases in Holdings 1. Sinoma Science & Technology: Plans to buy back RMB200 million to RMB250 million, all for cancellation Sinoma Science & Technology (002080.SZ) announced that the buyback price will not exceed RMB62.70 per share, with a term of 3 months after approval by the shareholders' meeting. 2. China Jushi Co., Ltd: Plans to buy back RMB150 million to RMB250 million, price ceiling RMB49.15 China Jushi Co., Ltd (600176.SH) announced that the plan still requires a special resolution of the shareholders' meeting, and the buyback term is 3 months after approval. 3. Star Lake Bioscience: Controlling shareholder plans to increase holdings by RMB75 million to RMB150 million Star Lake Bioscience (600866.SH) announced that Guangxin Group currently holds 34.09%, and the increase will not exceed 2% of total share capital. 4. YUNDA Holding Group: Controlling shareholder obtains RMB90 million special loan for increasing holdings YUNDA Holding Group (002120.SZ) announced that the increase plan amount is RMB50 million to RMB100 million, with an implementation period of 6 months. Major Contracts 1. China Haisum Engineering: Subsidiary signs UK waste-to-energy EPC contract, equivalent to RMB1.447 billion China Haisum Engineering (002116.SZ) announced that the contract accounts for 20.80% of 2025 revenue, with a construction period of 1,096 calendar days. 2. Zhejiang Zhaofeng Mechanical and Electronic: Subsidiary's RMB299 million Siasun Robot&Automation innovation service platform contract implemented Zhejiang Zhaofeng Mechanical and Electronic (300695.SZ) announced that the contract amount including tax is RMB299.92 million, with batch procurement and settlement based on actual quantities.