Latest update on major events announcements of Shanghai and Shenzhen listed companies on the evening of March 2

Shanghai and Shenzhen listed companies released company announcements on the evening of March 2. Here is a summary of important notices.

【Major Events】

Yongtai Technology: Plans to invest 500 million yuan in a 200,000-ton annual lithium battery electrolyte project

Yongtai Technology (002326) announced on March 2 that the company plans to sign an “Investment Agreement for a 200,000-ton Lithium Battery Electrolyte Project” with the Coastal Industrial Park Management Committee of Binhai Economic Development Zone in Jiangsu. The project will be built in Binhai Coastal Industrial Park with an estimated total investment of 500 million yuan.

Tianhua New Energy: Planning to issue H-shares and list on the Hong Kong Stock Exchange

Tianhua New Energy (300390) announced on March 2 that it plans to issue overseas listed shares (H-shares) and list on the Main Board of the Hong Kong Stock Exchange.

Jiemei Technology: Planning to acquire 100% equity of EFOUS; stock suspension from March 3

Jiemei Technology (002859) announced on March 2 that the company is planning to acquire 100% equity of Changsha EFOUS Technology Co., Ltd. (“EFOUS”) through issuing shares and cash payment, involving related fundraising. The company’s stock will be suspended from trading starting March 3.

Taijing Technology: Quartz crystal resonators and related products can be applied to humanoid robots and optical modules but currently contribute very little to revenue

Taijing Technology (603738) issued a risk warning, stating that after self-examination, no media reports or market rumors that could significantly impact the company’s stock price were found. The main business involves quartz crystal resonators and oscillators, which can be used in humanoid robots and optical modules. However, these products are still in market promotion, with minimal revenue contribution, having little impact on recent financial reports.

Huafeng Testing and Control: Shareholders terminate the concerted action agreement; company changes to no actual controller

Huafeng Testing and Control (688200) announced on March 2 that the “Concerted Action Agreement” among the actual controllers Sun Qiang, Cai Lin, Xu Jieshuang, and Zhou Peng will expire and will not be renewed. After expiration, their direct and indirect holdings of the company’s shares will remain unchanged, and the shares will no longer be combined for control purposes. The company will shift from being controlled by four concerted shareholders to having no actual controller.

Fenghuo Communications: Low-orbit satellite routing and inter-satellite laser communication contribute little to profits

Fenghuo Communications (600498) issued a risk warning, stating that the company does not produce commercial space-related satellites, and the revenue from low-orbit satellite routing and inter-satellite laser communication accounts for less than 1% of total revenue, contributing minimally to profits.

Jiaxian Co., Ltd.: Construction of a subsidiary’s 1,000-ton electronic materials intermediate project begins

Jiaxian Co. (920489) announced that its controlling subsidiary, Anhui Intermei Technology Co., Ltd., held a groundbreaking ceremony for its annual 1,000-ton electronic materials intermediate project, marking the start of construction. The project produces key raw materials for synthetic styrene-based photoresist monomers and is expected to be completed by the end of this year.

Kangzhi Pharmaceutical: Fully owned subsidiary’s ibuprofen granules selected for national centralized procurement

Kangzhi Pharmaceutical (300086) announced that its wholly owned subsidiary, Hebei Kangzhi, has been officially selected in the national centralized procurement of medicines for its ibuprofen granules, according to the results published by the procurement office.

Tianpu Shares: No plans to develop artificial intelligence-related business

Tianpu Shares (605255) issued a risk warning, stating that the company’s stock price has risen significantly, with associated trading risks. The company is far from its fundamental value, and its stock may decline rapidly at any time. Currently, the company and Tianpu Xincai have no AI-related technology or R&D personnel, nor plans to develop AI-related business. The company has not signed any framework cooperation agreements with shareholder Zhonghao Xinying, and Zhonghao Xinying’s existing capital securitization path is unrelated to the company.

Orient Securities: Elects Zhou Lei as Chairman

Orient Securities (600958) announced that its board approved the election of Zhou Lei as Chairman of the sixth board of directors. Zhou Lei, born in 1978, is a member of the Communist Party, holds an MBA in Business Administration, and is an economist. He is currently Deputy General Manager and Party Secretary of Sheneng (Group) Co., Ltd.

HuaGong Technology: AI-related revenue to exceed 60% by 2030

HuaGong Technology (000988) held an AI strategy and new product launch event. Chairman Ma Xinqiang stated that AI will be a growth amplifier for the company. By 2030, AI-related revenue will exceed 60%, making AI the primary growth driver. Connectivity business benefits from AI computing power demand; sensing business enhances product value and system integration through AI; intelligent manufacturing upgrades equipment and innovates models with AI. These three areas support each other, forming the company’s comprehensive competitiveness in the wave of “intelligentization.”

*ST Jinke: Signs strategic cooperation agreement with the China Committee of the International Electronic Sports Federation

On March 2, *ST Jinke (000656) announced via its official WeChat that the company signed a strategic cooperation agreement with the China Committee of the International Electronic Sports Federation (CEC) in Beijing. The two parties will explore an innovative “e-sports + real estate” integration model. They will leverage Jinke Real Estate’s space and CEC’s e-sports industry resources to embed e-sports scenes in industrial parks, cultural tourism projects, and other spaces, while also conducting joint branding, industry standard development, and talent cultivation.

Jinshi Technology: Plans to invest about 500 million yuan to build an independent energy storage station

Jinshi Technology (002951) announced on March 2 that it plans to invest approximately 500 million yuan to build a 200MW/400MWh electrochemical independent energy storage station in Guangdong through its subsidiaries, with a total project investment of about 500 million yuan.

【Performance Reports】

Changan Automobile: Sold 151,900 vehicles in February, down 5.89% year-over-year

Changan Automobile (000625) released its February production and sales report, showing that in February 2026, production was 104,300 units (down 34.19% YoY), and sales were 151,900 units (down 5.89% YoY), with new energy vehicle sales of 42,200 units (up 6.42%).

GAC Group: Sold approximately 86,500 vehicles in February, down 12.43% YoY

GAC Group (601238) announced that in February 2026, the company’s vehicle sales were about 86,500 units, a decrease of 12.43% YoY. Year-to-date sales totaled approximately 203,100 units, up 3%.

Maine Energy: Net profit of 101 million yuan in 2025, up 16.1% YoY

Maine Energy (001299) released its performance brief, reporting revenue of 726 million yuan in 2025, up 9.09%, and net profit attributable to shareholders of 101 million yuan, up 16.1%. The profit growth was mainly due to increased profits from gas sales and value-added services.

Hanyi Co., Ltd.: Net profit of 14.82 million yuan in 2025, up 68.27% YoY

Hanyi Co. (301270) announced its performance brief, with total revenue of 191 million yuan (up 0.04%) and net profit attributable to shareholders of 14.82 million yuan (up 68.27%) in 2025.

【Share Reduction and Increase】

Gao Neng Environment: Controlling shareholder plans to reduce holdings by no more than 3%

Gao Neng Environment (603588) announced that its controlling shareholder and actual controller, Li Weiguo, plans to reduce his holdings by no more than 45.697 million shares (no more than 3% of total shares) through centralized bidding and block trades to repay debts.

Zhongju Core: Employee stock ownership plan plans to increase holdings by 50 million to 100 million yuan

Zhongju Core (688549) announced that its employee stock ownership platform, Hengxin Enterprise, plans to increase holdings within six months using its own funds and a dedicated loan, with a total increase of at least 50 million yuan and up to 100 million yuan. CITIC Bank Quzhou Branch has issued a loan commitment letter, agreeing to provide a dedicated loan of up to 90 million yuan with a three-year term.

Shenghe Resources: Shareholder Wang Quangen plans to reduce holdings by no more than 1%

Shenghe Resources (600392) announced that shareholder Wang Quangen, holding 6.69%, plans to reduce his holdings by no more than 17.528 million shares (no more than 1% of total shares) via centralized bidding, with the price to be determined by market conditions.

Changan Automobile: Plans to buy back 700 million to 1.4 billion yuan of A-shares

Changan Automobile (000625) announced plans to repurchase shares worth 700 million to 1.4 billion yuan, with at least 700 million and up to 1.4 billion yuan allocated for A-shares, and 300 million to 600 million yuan for B-shares. The purpose is to reduce registered capital. The buyback price for A-shares will not exceed 17.16 yuan per share; for B-shares, not more than 6.17 HKD per share.

Yongding Shares: Controlling shareholder plans to reduce holdings by no more than 1%

Yongding Shares (600105) announced that its controlling shareholder, Yongding Group, plans to reduce holdings by no more than 14.6199 million shares (no more than 1% of total shares) within three months after 15 trading days, via centralized bidding.

Aladdin: Controlling shareholder plans to reduce holdings by no more than 0.902%

Aladdin (688179) announced that its controlling shareholder, Chairman Xu Jiuzhen, plans to reduce holdings by no more than 3 million shares (0.902% of total shares) via block trades, due to personal capital needs.

Haohan Depth: Shareholder Zhicheng Guangyi plans to reduce holdings by no more than 3%

Haohan Depth (688292) announced that shareholder Beijing Zhicheng Guangyi Investment Management plans to reduce holdings by no more than 4.7505 million shares (3% of total shares) via centralized bidding and block trades.

New Industry: Plans to buy back 50 million to 100 million yuan of shares

New Industry (300832) announced plans to repurchase shares worth 50 million to 100 million yuan for employee stock plans or equity incentives, at a price not exceeding 70 yuan per share.

New City: Wangyuan Technology and Yuanfang Industrial plan to jointly reduce holdings by no more than 5%

New City (300778) announced that shareholder Dongtai Wangyuan Technology plans to reduce holdings by no more than 6.0125 million shares (about 3% of the company’s current total shares excluding shares in the repurchase account). Shareholder Shenzhen Yuanfang Industrial plans to reduce holdings by no more than 4.0083 million shares (about 2%).

【Major Contracts】

ST Songfa: Two ultra-large crude oil tankers built by subsidiaries signed and took effect

*ST Songfa (603268) announced that its subsidiary Hengli Shipbuilding recently signed and took effect contracts for building two ultra-large crude oil tankers, with a total contract value of approximately $200 million to $300 million.

Jinchengxin: Subsidiary signed a supplementary operation contract increasing contract value by about 211 million yuan

Jinchengxin (603979) announced that its subsidiary Jinchengxin Serbia signed a supplementary agreement with the client for the Serbia JM Mine and ZB Gold Mine shaft engineering (second section), increasing the contract value by about 211 million yuan. The original contract end date was December 30, 2025; now extended to December 30, 2026, due to increased scope.

Tongda Shares: Pre-bid for a 151 million yuan project with China Southern Power Grid

Tongda Shares (002560) announced that China Southern Power Grid’s Supply Chain Unified Service Platform recently published the list of shortlisted candidates for the 2025 distribution network materials second batch framework tender. The company estimates that the total value of materials pre-bid is 151 million yuan, accounting for about 2.44% of its 2024 revenue.