GMT EIGHT - Announcement

TIANGONG INT'L (00826): Tiangong New Materials acquires equity of Tiangong Tools, increasing stake to approximately 90.06%

TIANGONG INT'L (00826) announced that, after consultations with various parties, on April 1, 2025, (1) Wah Tsz Shing Tung, Tung Gong New Material, Tung Gong Hong Kong, the Company, Tung Gong Precision, and Tung Gong Tools entered into an agreement for the transfer of Wah Tsz Shing Tung's equity interest in Tung Gong Tools to Tung Gong New Material (as the buyer) at a price of RMB 35.086 million for 0.35% ownership; (2) Wah Tsz Wai Chi, Tung Gong New Material, Tung Gong Hong Kong, the Company, Tung Gong Precision, and Tung Gong Tools entered into an agreement for the transfer of Wah Tsz Wai Chi's equity interest in Tung Gong Tools to Tung Gong New Material (as the buyer) at a price of RMB 35.086 million for 0.35% ownership; and (3) Lok Tung Wah Tsz, Tung Gong New Material, Tung Gong Hong Kong, the Company, Tung Gong Precision, and Tung Gong Tools entered into an agreement for the transfer of Lok Tung Wah Tsz's equity interest in Tung Gong Tools to Tung Gong New Material (as the buyer) at a price of RMB 35.0827 million for 0.35% ownership. After the completion of these equity transfers, the Company will increase its ownership through Tung Gong New Material and Tung Gong Hong Kong from 89.00% to approximately 90.06%. Tung Gong Tools will continue to be an indirect non-wholly-owned subsidiary of the Company, and its performance will continue to be consolidated into the Group's performance. With the current reduction in financing costs and in order to simplify the equity structure of Tung Gong Tools while retaining long-term investment intentions, the Company has agreed to requests for relevant share transfers. Therefore, the Group has entered into share transfer agreements with the investment parties intending to sell their equity in Tung Gong Tools (Wah Tsz Shing Tung, Wah Tsz Wai Chi, and Lok Tung Wah Tsz) to transfer their ownership in Tung Gong Tools.

01/04/2025

Luzhou Bank (01983) plans to conduct a non-public issuance of H shares based on special authorization.

LUZHOU BANK (01983) announced that at the board meeting held on April 1, 2025, the board of directors approved a proposal to issue up to 1 billion new H shares based on a special authorization to be sought at the shareholders' meeting and class shareholders' meeting. This represents approximately 36.79% of the total issued share capital of the bank before the H share issuance and approximately 132.78% of the existing issued H shares of the bank. Additionally, this represents approximately 26.90% of the total issued share capital of the bank after the H share issuance and approximately 57.04% of the existing issued H shares of the bank after the H share issuance.

01/04/2025

CH FRONTIER TEC (01661) will be temporarily suspended from trading starting April 1st morning pending the publication of its full-year 2024 performance.

CH FRONTIER TEC (01661) announced that the company will postpone the publication of its full-year performance in 2024 and delay the holding of the board meeting. At the request of the company, trading of the company's shares on the Stock Exchange will be suspended from 9:00 am on April 1, 2025, until the publication of the full-year performance in 2024.

01/04/2025

CARDIOFLOW-B(02160): Shanghai Microport HeartAccess and Shanghai MICROPORT have signed a property leasing agreement.

Announcement: CARDIOFLOW-B (02160) announced on April 1, 2025, Shanghai Microport HeartLink has signed a property lease agreement with Shanghai MICROPORT. According to this agreement, Shanghai Microport HeartLink agrees to lease the property to Shanghai MICROPORT for research and office use from April 1, 2025 to March 31, 2028 (including the first and last days). The property is located at Building 2, 1st and 2nd floor, 501 Newton Road, Area A, Zhangjiang Science City, Pudong New Area, Shanghai, China, with a total construction area of approximately 2200 square meters. The rent is RMB 6.54 per square meter per day. Shanghai MICROPORT is required to pay rent to Shanghai Microport HeartLink quarterly.

01/04/2025

51 CREDIT CARD (02051) entered into a "Strategic Cooperation Framework Agreement" with Vala Technology and Henan Automobile Investment Group.

51 CREDIT CARD (02051) announced that its automotive business "Vala" has launched the industry's first original factory upgradable new energy multi-functional vehicle. During the first quarter of 2025, the group delivered 99 Vala cars in bulk to ordering customers and obtained 190 car purchase orders, accumulating a total of 442 car purchase orders historically. Currently, the group is working with partners to increase production capacity and optimize delivery processes to speed up vehicle delivery and allow more customers to experience the lifestyle changes brought by Vala cars as soon as possible. As of March 31, 2025, the group has successfully recruited 110 co-creators who are passionate about the Vala lifestyle. Through their personal experience using Vala and their influence on various social platforms and offline, they promote and sell Vala cars. With more co-creators joining and the number of deliveries gradually increasing, the mobile store model of Vala has begun to scale, showcasing Vala to more potential customers who aspire to the Vala lifestyle. The group has launched a WeChat Mini Program "valalife" for Vala cars, offering various ordering and partnership options. As of March 31, 2025, the valalife mini program has attracted approximately 50,000 registered users. In addition, Vala has gained widespread attention with its unique space design and car lifestyle, sparking enthusiastic responses on social media platforms. As of March 31, 2025, Vala's total number of fans on various social platforms has reached approximately 1.61 million, with the cumulative views of related videos exceeding 350 million. In March 2025, the group's wholly-owned subsidiary, Hangzhou Vala Network Technology Co., Ltd. (Vala Technology), signed a "Strategic Cooperation Framework Agreement" with Henan Automobile Industry Investment Group Co., Ltd. (Henan Automobile Investment Group). The two parties will collaborate comprehensively in capital and business operations in the research and development, manufacturing, and operation of new energy Vala models based on the existing models of Henan Automobile Investment Group's subsidiaries combined with the Vala lifestyle concept. Henan Automobile Investment Group is a wholly-owned subsidiary of Central Plains Yu Investment Holding Group Co., Ltd. (Central Plains Yu Investment Group). Central Plains Yu Investment Group was established in May 2011 and is a provincial-level investment and financing company approved by the Henan provincial government, with significant advantages in resource integration in the automobile industry chain. By partnering with Henan Automobile Investment Group, the group can leverage its rich resources and advanced experience in the automotive industry to enhance the innovative capabilities and product competitiveness of its Vala business, further deepening the group's strategic layout in the automotive industry. Vala is an important part of the group's outdoor business sector. The group upholds the concept of "redefining the automotive lifestyle" and is committed to transforming cars from a single mode of transportation into a multifunctional mobile space. In addition to outdoor camping scenarios, users can enjoy comfortable, convenient, and personalized multifunctional spaces in a variety of scenes such as office negotiations, business meetings, family entertainment, dining, resting, sleeping, hanging out with friends, watching movies, singing karaoke, outdoor travel, and market stalls using Vala, opening up endless possibilities for the extension of urban lifestyles.

01/04/2025

EVEREST MED-B (01952) issues stock purchase rights and rewards

Everest Med-B (01952) announced that on April 1, 2025, the board of directors (i) granted 4.4515 million stock options under the first public offering post-ipo share purchase plan, (ii) granted 1.1504 million incentives under the first public offering pre-ipo employee stock purchase plan, and (iii) granted 0.5517 million performance target incentives under the first public offering pre-ipo employee stock purchase plan.

01/04/2025

UNITEDENERGY GP (00467): Wang Ying resigns as independent non-executive director.

UNITED ENERGY GP (00467) announced that Wang Ying has resigned from the positions of independent non-executive director and member of the company's audit committee, effective from 1st April 2025.

01/04/2025

Goldenpower (03919): Chen Jiacheng is appointed as Chief Financial Officer.

GOLDENPOWER (03919) announces that Chen Jiacheng has been appointed as the Group's Chief Financial Officer; and (ii) Feng Jingyi has been appointed as the Group's General Manager of Business Expansion, effective from April 1, 2025.

01/04/2025

DRAGON MINING (01712) intends to acquire APAC RESOURCES (01104) with a premium of approximately 4.27% and resume trading on April 2nd.

DRAGON MINING (01712), APAC RESOURCES (01104) and the offeror, ALLIED PROPERTIES RESOURCES LIMITED jointly announced that VGI Securities will represent the offeror and propose to acquire all the offer shares after the fulfillment of the preconditions, at a price of HK$2.2 per share, representing a premium of approximately 4.27% over the closing price of DRAGON MINING shares of HK$2.11 per share on the last trading day on the Hong Kong Stock Exchange. As of the date of this joint announcement, the offeror and its concert parties hold 47,097,727 shares of DRAGON MINING (including the offeror and Mr. Dew holding 46,877,727 shares of DRAGON MINING shares and 220,000 shares of DRAGON MINING shares), accounting for approximately 29.79% of the total issued shares of DRAGON MINING. As of the date of this joint announcement, there are 158,096,613 shares of DRAGON MINING issued. The offer will also extend to the concert parties of the offeror (i.e. Mr. Dew), therefore, the offer will involve 111,218,886 shares of DRAGON MINING. Based on the total issued shares of DRAGON MINING being 158,096,613 shares, and the offer involving 111,218,886 offer shares at the offer price, and assuming full acceptance of the offer, the total cash amount required for the offer will be HK$244,681,549.20. APAC RESOURCES and DRAGON MINING have applied to the Hong Kong Stock Exchange to resume trading of APAC RESOURCES securities and DRAGON MINING shares on the Exchange from 2 April 2025 at 9:00 am. It is understood that the offeror is an indirect wholly-owned subsidiary of APAC RESOURCES (01104), primarily engaged in investment holding business.

01/04/2025

MEITU (01357) granted a total of 13.89 million shares as a reward.

MEITU (01357) announced that on April 1, 2025, the company granted a total of 13.8903 million shares to the following grantee under the stock incentive plan, accounting for approximately 0.3% of the total issued shares as of the date of this announcement. However, acceptance by the grantee is still pending.

01/04/2025

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