A-share announcement highlights | Three consecutive boards Ways Electron (605218.SH): The company does not produce VR terminal products itself.

Focus today 1. Guolian's acquisition of Minsheng Securities approved by shareholders' meeting Guolian announced on the evening of September 4th that the proposal for a major asset restructuring involving the issuance of A shares to purchase 99.26% of Minsheng Securities' shares and raise matching funds has been approved by the company's shareholders' meeting. On September 3, the above-mentioned M&A restructuring has obtained approval from the Jiangsu Provincial State-owned Assets Supervision and Administration Commission. 2. 8 consecutive limit-up for Kunshan Kersen Science & Technology: the company does not produce solid-state battery products Kunshan Kersen Science & Technology issued a notice on abnormal stock trading fluctuations and risk warnings. The company has recently been included in the foldable screen concept stocks by the media. Upon self-examination, the company's folding screen hinge assembly business has a single customer, and the company currently assembles folding screen hinges using externally purchased structural components. As of the date of this announcement, revenue for 2024 has not yet been generated. The company expects that the revenue generated by this business in the current year will account for less than 1% of the revenue for 2024, with limited contribution to the company's overall revenue in 2024. The company has been recently included in solid-state battery concept stocks by the media. Upon self-examination, the company does not produce solid-state battery products. The company reported a net loss of -161 million yuan in the first half of 2024 and is expected to continue to incur losses in 2024. 3. Sichuan Yahua Industrial Group: subsidiary signs lithium hydroxide and lithium carbonate procurement agreement with Contemporary Amperex Technology Sichuan Yahua Industrial Group announced that its wholly-owned subsidiary, Yaan Lithium, has signed a procurement agreement for lithium hydroxide and lithium carbonate with Contemporary Amperex Technology, valid from January 2026 to December 2028. The direct cooperation between the company and Contemporary Amperex Technology started in March 2023, and as of December 31, 2023, the total amount of transactions with the other party was approximately 1.05 billion yuan, accounting for about 11% of the company's annual sales of lithium salt products. 4. 3 consecutive limit-up for Ways Electron: the company does not produce VR terminal products Ways Electron issued a notice on stock trading risk warnings. The company has noted media reports related to VR, but the company itself does not produce VR terminal products. The company's main business is the research, production, and sales of backlight display modules, liquid crystal display modules, smart display components, etc. The company's products are mainly used in the fields of high-end automobiles, VR, digital cameras, handheld gaming devices, tablets, smartphones, smart homes, industrial control displays, among others. As of September 4, the company's static price-earnings ratio is 40.42, the rolling price-earnings ratio is 47.32, and the price-to-book ratio is 3.78, which is at a relatively high level. 5. 3 consecutive limit-up for Sunyes Manufacturing: shares held by a shareholder with more than 5% ownership are partially frozen by the judiciary Sunyes Manufacturing announced that a portion of the company's shares held by Ms. Xushanyi, a joint action person of Xindah Group, a shareholder with more than 5% ownership, has been frozen by the judiciary. The number of shares frozen this time is 6.29 million, accounting for 99.91% of her holdings, 1.23% of the company's total share capital, starting from September 2, 2024, and ending on September 1, 2027, with the applicant for the freeze being the Meilan District People's Court in Haikou, due to a judicial freeze. As of the date of this announcement, the cumulative proportion of shares held by the aforementioned shareholder and his joint action person that have been judicially frozen is 81.49%, accounting for 10.65% of the company's total share capital. The company has not yet received formal legal documents, notices, or other information related to this judicial freeze and is not yet clear about the specific reasons. 6. 2 consecutive limit-up for Zhejiang RIFA Precision Machinery: the company has sought legal action against the performance compensation issue with RiFa Group Zhejiang RIFA Precision Machinery issued an announcement of abnormal changes, stating that the company has resorted to legal action against RiFa Group for the performance compensation matter, demanding that RiFa Group fulfill its performance compensation obligations through legal means. The court held a hearing on December 11, 2023, but has not yet rendered a judgment. 7. 4 consecutive limit-up for LBX Pharmacy Chain Joint Stock: one of the company's actual controllers, Mr. Xie Zilong, is in a state of detention and investigation LBX Pharmacy Chain Joint Stock issued a notice on abnormal stock trading fluctuations. Upon self-examination and verification with the holding company and one of the actual controllers, Ms. Chen Xiulan, it was confirmed in a written letter that one of the company's actual controllers, Mr. Xie Zilong, is in a state of detention and under investigation, although written confirmation from him has not been obtained. As of the disclosure date of this announcement, there are no major events affecting the abnormal stock trading fluctuations of the company. 8. Anhui Huaheng Biotechnology Co., Ltd.: proposes to adjust the plan to issue A shares to specific objects in 2022 Anhui Huaheng Biotechnology Co., Ltd. announced that it plans to adjust the plan to issue A shares to specific objects in 2022, reducing the total funds raised from "not exceeding 1.689 billion yuan" to "not exceeding 700 million yuan" and changing the use of funds from "construction projects of a biobased succinic acid production base with an annual output of 50,000 tons and biobased product materials, and construction projects of a biobased malic acid production base with an annual output of 50,000 tons, supplementary working capital" to "construction projects of a biobased succinic acid production base with an annual output of 50,000 tons and biobased malic acid production base with an annual output of 50,000 tons". 9. Tus-Pharmaceutical Group: terminates acquisition of Nameishi55% equity in pharmaceuticalsTus-Pharmaceutical Group announcement: On September 3, 2024, the company received a notice from the shareholders Tang Yunliang and Wang Zhong of Wuhan MingShi Pharmaceutical Co., Ltd. ("MingShi Pharmaceutical"): Due to their own reasons, the transferor has decided to unilaterally terminate the cooperation with the company and rescind the "Equity Transfer Agreement" previously signed by both parties. According to the "Equity Transfer Agreement," the company intends to acquire 55% of MingShi Pharmaceutical's equity held by the transferor for a consideration of 141.35 million yuan. The termination of this equity acquisition will not affect the business cooperation between the company and MingShi Pharmaceutical. Guangdong Hongda Holdings Group: Subsidiary completes the acquisition of 51% equity of Shengshi Putian, and the company's combined explosive capacity increases to 580,000 tons Guangdong Hongda Holdings Group announcement: The company's wholly-owned subsidiary Hongda Blasting Engineering Group Co., Ltd. ("Hongda Engineering") acquired 51% equity of Qingdao Shengshi Cetc Potevio Science & Technology Co., Ltd. ("Shengshi Putian") with its own funds of 153 million yuan. Shengshi Putian completed the relevant industrial and commercial changes on September 3, 2024, becoming a holding subsidiary of Hongda Engineering. Shengshi Putian currently has an explosive capacity of 45,000 tons. After the completion of the acquisition, the company's combined explosive capacity increases to 580,000 tons. Changgao Electric Group: Joint-stock company Futai Technology listed on the GEM Changgao Electric Group announcement: The company's joint-stock company Zhejiang Futai Technology Co., Ltd. ("Futai Technology") was listed on the Shenzhen Stock Exchange's GEM on September 4, 2024. As of the disclosure date of the announcement, the company holds 8.0412 million shares of Futai Technology, accounting for 7.24% of its total share capital after the initial public offering. Increase or Decrease Holdings 1. Anhui Ronds Science & Technology Incorporated: Controlling shareholder plans to increase its stake in the company by 9.5-10.5 million yuan 2. Keystone Technology: Directors of the company plan to collectively reduce their stake in the company by no more than 0.65% Big Orders 1. Zhejiang Wellsun Intelligent Technology: Won a national grid procurement project worth about 1.33 billion yuan 2. Henan Pinggao Electric: Won a total of 8.34 billion yuan in projects from the national grid 3. China XD Electric: Won a 12.97 billion yuan bid for a national grid procurement project This article is reprinted from "Tencent Stock Selection", GMTEight editor: Chen Wenfang.