A-share announcement highlights | Jiang Yan, deputy general manager of Kweichow Moutai (600519.SH), has been placed under detention.

Focus today 1. Kweichow Moutai: Vice general manager Jiang Yan placed in custody Kweichow Moutai announced that the company received a notice from the Zunyi City Supervision Commission on March 13, 2026, regarding the placement of Vice General Manager Jiang Yan. The company's production and operation are normal and orderly, and the announcement will not have a significant impact on the company's production and management. Currently, Chairman Chen Hua is acting as the secretary of the board of directors. 2. Shenzhen Sunway Communication: Plans to raise no more than 6 billion yuan for commercial satellite communication devices and components projects Shenzhen Sunway Communication announced that the total amount of funds raised through the issuance of shares to specific entities this time will not exceed 6 billion yuan. The net proceeds of the funds raised after deducting issuance expenses will be used for commercial satellite communication device and component projects, RF device and component projects, and chip thermal heat dissipation device and component projects. 3. Power Construction Corporation of China, Ltd (POWERCHINA): Subsidiary signs a contract worth about 5.456 billion yuan for the Indonesia TMS nickel mining project construction Power Construction Corporation of China, Ltd (POWERCHINA) announced that its subsidiary Power Construction Corporation of China, Ltd (POWERCHINA) Indonesia and Indonesia Tata Taran Media Sarana have signed a construction general contracting contract for the Indonesia TMS nickel mining project, with a contract amount equivalent to approximately 5.456 billion yuan. The project is located in North Konawe County, Southeast Sulawesi Province, Indonesia, and the main work includes nickel mining, ore dressing, transportation, stacking and shipping operations, as well as the construction of supporting temporary facilities and maintenance of mine area roads. The project's contract period is 60 months. 4. Tianfeng: Fined 15 million yuan for suspected illegal disclosure of information and illegal provision of financing Tianfeng announced that it has received an "Administrative Penalty Decision" issued by the Hubei Supervision Bureau of the China Securities Regulatory Commission for suspected illegal disclosure of information and illegal provision of financing. According to the penalty decision, Tianfeng was warned and fined 15 million yuan. Former Chairman Yu Lei, Vice President and CFO Xu Xin, and other executives were also warned and fined for illegal acts. Among them, Yu Lei and Xu Xin have been imposed with a lifelong ban on entry into the market. 5. Tianjin Jingwei Huikai Optoelectronic: Plans to divest the electronic information board business, expected to constitute a major asset restructuring Tianjin Jingwei Huikai Optoelectronic announced that it plans to transfer the assets of the electronic information board business, mainly including Xinhuikai Technology (Shenzhen) Co., Ltd. and its consolidated subsidiaries, Hunan Tianjin Jingwei Huikai Optoelectronic Technology Co., Ltd., Zhuzhou Xinhuikai Technology Co., Ltd., and Tianjin Jingwei Huikai Optoelectronic Technology (Shenzhen) Co., Ltd. to Shenzhen Fujie Technology Co., Ltd. The transfer of assets does not include non-electronic information board assets held by the above-mentioned subsidiaries or equity investments outside the scope of consolidation of Tianjin Jingwei Huikai Optoelectronic. The transaction is expected to constitute a major asset restructuring, and the transaction price has not yet been determined. Prior to this transaction, the company's main business was the research, development, production, and sale of LCD and touch display modules, electromagnetic wires, and information technology solutions. Through this transaction, the company will divest the electronic information board business and focus on the development of power board and information technology solution businesses. 6. Shuangliang Eco-Energy Systems: Controlling shareholder Shuangliang Group placed under investigation by the China Securities Regulatory Commission for suspected illegal disclosure of information Shuangliang Eco-Energy Systems announced that its controlling shareholder Shuangliang Group Co., Ltd. recently received a "Notice of Filing" from the China Securities Regulatory Commission for suspected illegal disclosure of information. The China Securities Regulatory Commission has decided to file a case against the Shuangliang Group. This filing is related to the misleading statements in the information disclosure on February 27, 2026, but it will not affect the production and operation activities of the company and its subsidiaries. The company's operations are proceeding as usual. Business Performance 1. Circuit Fabology Microelectronics Equipment: Net profit for 2025 was 290 million yuan, an 80.42% increase year-on-year; plans to distribute 7 yuan per 10 shares 2. Shanghai Pudong Construction: Net profit for 2025 was 353 million yuan, a 40.48% decrease year-on-year Buybacks & Changes in Shareholdings 1. Impulse (Qingdao) Health Tech: Plans to repurchase company shares for 56-112 million yuan 2. Sichuan Teway Food Group: Plans to repurchase company shares for 16-32 million yuan 3. Shentong Technology Group: Shareholder Bi Heng Investment plans to reduce its shareholding by no more than 3% 4. Ganzhou Teng Yuan Cobalt New Material: Shareholder Changjiang Chendao plans to reduce its shareholding by no more than 2% 5. Shanxi Guoxin Energy Corporation: Shareholder Hongzhan Real Estate plans to reduce its shareholding by no more than 2.07% Big Orders 1. Naruida Technology: Signed a contract worth 231 million yuan for weather radar equipment procurement project 2. China Nuclear Engineering Corporation: New contract amount in the first two months is 9.109 billion yuan This article is reposted from "Tencent Securities Selections", GMTEight Editor: Chen Xiaoyi.