**M&A and Restructuring**
**Walter Stock**: Plans to acquire 100% equity of Huaerka Sealing Products (Shanghai) Co., Ltd. for 25.72 million yuan
Walter Stock announced that the company plans to use its own or raised funds totaling 25.716 million yuan (including tax) to acquire 100% equity of the sealing products company held by Huaerka Corporation. Upon completion of this transaction, the company will hold 100% equity of the sealing products company. Based on audit and evaluation results, the final transaction price for this deal will be determined based on the audited net book assets of the sealing products company as of June 30, 2025.
**Beijing Sinohytec**: Terminates major asset restructuring project
Beijing Sinohytec announced that the company originally planned to acquire 100% equity of Dingzhou Xuyang Hydrogen Energy Co., Ltd. through share issuance and raise supporting funds. Since the launch of this transaction, the company and all relevant parties have actively promoted various aspects of the transaction and strictly fulfilled information disclosure obligations in accordance with relevant regulations. Due to the inability of transaction-related parties to reach consensus on the final transaction plan, and to genuinely protect the long-term interests of the listed company and investors, after friendly consultation, careful study, and thorough demonstration among the company and all transaction-related parties, the company has decided to terminate this transaction based on prudential considerations.
**Share Holdings Changes**
**Huawu Stock**: Controlling shareholder and parties acting in concert plan to reduce holdings by no more than 3%
Huawu Stock announced that the company's controlling shareholder Nie Jinghua and party acting in concert Nie Lulu plan to reduce company shares by no more than 11.8327 million shares through block trading and/or bulk trading within 3 months after 15 trading days from the announcement disclosure date, accounting for no more than 3% of the company's current total share capital excluding shares in the repurchase account.
**Weishi Electronics**: Controlling shareholder Watanabe Yoichi plans to reduce holdings by no more than 3%
Weishi Electronics announced that the company's controlling shareholder Watanabe Yoichi plans to reduce company shares by no more than 6.385 million shares through block trading and bulk trading, not exceeding 3% of the company's total share capital. The reduction price will be based on market prices, with the reduction period being within 3 months after 15 trading days from this announcement disclosure date.
**Kewell**: Shareholders plan to collectively reduce holdings by no more than 2.34%
Kewell announced that shareholders Jingkun Investment and Hetu Investment, due to their own capital needs, plan to reduce company shares by a combined total of no more than 1.9688 million shares through block trading and bulk trading within 3 months after 15 trading days from the announcement disclosure date, accounting for no more than 2.34% of the company's total share capital.
**Investment Agreements**
**Aerospace Hongtu**: Signs 2.9 billion yuan internet satellite cooperation project strategic cooperation agreement with Pakistan
Aerospace Hongtu announced that on September 4, the company signed a strategic cooperation agreement with Pakistan for an internet satellite cooperation project with a total amount of 2.9 billion yuan. The strategic cooperation agreement signed this time represents only preliminary intentions reached by both parties for cooperation. Specific procurement contracts have not yet been signed, and specific implementation content will be subject to formal contracts.
***ST Songfa**: Subsidiary signs construction contracts for two 306,000-ton VLCCs
*ST Songfa announced that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. recently signed and effectuated construction contracts for two 306,000-ton Very Large Crude Carriers (VLCCs), with a combined contract value of approximately $200-300 million.
**Kuang-Chi Technologies**: Subsidiary Kuang-Chi Advanced recently signed 1.278 billion yuan metamaterial product batch production contracts
Kuang-Chi Technologies announced that the company's wholly-owned subsidiary Shenzhen Kuang-Chi Advanced Technology Co., Ltd. recently signed batch production contracts for metamaterial products totaling 1.278 billion yuan with five customers. According to the contract terms, Kuang-Chi Advanced will deliver metamaterial aviation structural products worth 1.017 billion yuan to one customer and metamaterial aviation structural products worth 260 million yuan to four other customers. Related products will be delivered before June 30, 2026.
**Risk Matters**
**ST Lingnan**: Company and former controlling shareholder suspected of information disclosure violations, under CSRC investigation
ST Lingnan announced that the company and its former controlling shareholder, current joint chairman & president, and legal representative Yin Hongwei recently received "Case Filing Notice" issued by the China Securities Regulatory Commission. Due to suspected information disclosure violations, the CSRC has decided to file cases against both the company and Yin Hongwei.
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