A-share announcement highlights | Changxin Technology (688825.SH): The first public offering of shares will be listed on the Sci-Tech Board on July 27.

Focus Today 1. Changxin Technology: Initial public offering of shares will be listed on the Science and Technology Innovation Board on July 27th Changxin Technology announced that the company's issuance of RMB ordinary shares will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 27, 2026. The issuance price is 8.66 yuan per share, and the total share capital after the issuance is 66.881 billion shares (before the exercise of the over-allotment option). 2. Shenzhen Longsys Electronics: Controlling shareholder proposes to repurchase company shares for 400 million to 800 million yuan Shenzhen Longsys Electronics announced that the controlling shareholder, actual controller, and chairman and general manager Cai Huabo proposed to repurchase company shares using own or self-raised funds through centralized bidding trading, with a total repurchase amount of not less than 4 billion yuan and not more than 8 billion yuan. The repurchased shares will be used for equity incentives or employee shareholding plans. 3. Yunnan Lincang Xinyuan Germanium Industry: Subsidiary signs a 570 million to 855 million yuan InP wafer supply agreement Yunnan Lincang Xinyuan Germanium Industry announced that the company's controlling subsidiary Yunnan Xinyao has signed a supply agreement with a customer for the sale of InP wafers (substrates), with a contract total amount range of 570 million to 855 million yuan (including tax), accounting for 53.48% to 80.23% of the company's audited revenue in 2025. The contract performance period is from August 1, 2026 to December 31, 2027, and if successfully fulfilled, it is expected to have a positive impact on the annual operating performance. 4. Avary Holding: Plans to invest 10 billion yuan to build a third park in Shenzhen and establish an AI high-end class carrier board and flexible circuit board smart manufacturing base project Avary Holding announced that the company plans to invest 10 billion yuan to build a third park in Shenzhen and establish an AI high-end class carrier board and flexible circuit board smart manufacturing base project. The project is scheduled to start in July 2026 and be completed and put into operation by 2033, with funds coming from own funds and self-raised funds. The investment aims to seize the wave of AI technology development, improve the company's strategic layout in the AI "cloud, pipe, end" full chain, expand its business scale, and enhance efficiency. 5. JHT Design Co., Ltd.: Shareholder Xunuo Investment reduced the company's total share capital by 1.21% on July 22 JHT Design Co., Ltd. announced that the shareholder Ningbo Xunuo Venture Capital Fund Management Partnership Enterprise (Limited Partnership) holding more than 5% of the shares reduced the company's shares by 1.05 million shares through centralized bidding and block trading on July 22, 2026, accounting for 1.21% of the company's total share capital. After this equity change, Xunuo Investment's shareholding ratio decreased from 7.95% to 6.75%, reaching the 1% threshold. This reduction does not involve a tender offer and will not result in changes to the company's controlling shareholders and actual controllers. 6. Jiangxi Redboard Technology: Wholly-owned subsidiary plans to invest up to 5 billion yuan to build a high-end mSAP advanced precision circuit board industrialization project Jiangxi Redboard Technology announced that its wholly-owned subsidiary Ganzhou Hongban plans to invest in building a high-end mSAP advanced precision circuit board industrialization project, with a total investment not exceeding 5 billion yuan, all of which will be self-owned funds and self-raised funds. The project will utilize existing plants, introduce high-end production equipment, form a large-scale high-end mSAP circuit board production capacity, with a construction period of 48 months and an expected start date of January 2027. This investment aims to optimize product structure, enhance competitiveness in the high-end PCB field, but it requires completion of relevant approval procedures and faces risks such as market, technology, and funding. Stock risks alert 4-day 3-board Zhongman Petroleum And Natural Gas Group Corp., Ltd.: Affected by the Middle East geopolitical conflict, the company's multiple drilling teams in Iraq are still in a state of suspension Operating performance 1. Puya Semiconductor (Shanghai) Co., Ltd.: Expected net profit in the first half of the year is approximately 825 million yuan, a year-on-year increase of 1925.36% 2. Poly Developments and Holdings Group: Net profit in the first half of the year was 1.928 billion yuan, a year-on-year decrease of 38.96% 3. Dize Pharmaceuticals: Expected net loss of 210 million yuan in the first half of 2026 Share buyback & insider trading 1. Huaan: Plans to repurchase shares for 100 million to 200 million yuan 2. Shaoxing Xingxin New Materials: Plans to repurchase company shares for 50 million to 100 million yuan 3. Shenzhen Lions King Hi-Tech: Plans to repurchase shares for 50 million to 100 million yuan 4. Gstarsoft Co., Ltd.: Plans to repurchase shares for 40 million to 80 million yuan 5. Jee Technology: Plans to repurchase company shares for 30 million to 50 million yuan 6. Jiangsu Hanbon Science and Technology: Plans to repurchase company shares for 30 million to 50 million yuan 7. Sokan New Materials Group: Directors Gao Miaopei and Xiong Kaikuo plan to each increase holdings by 800,000 to 1.2 million yuan 8. Shenzhen Sine Electric: Director Zhang Xiaoguang reduced holdings by 0.98%, and the reduction plan has been completed 9. Essence Fastening Systems: Taizhou Yuwei and Taizhou Wenchao have reduced holdings by 0.85% and 0.16%, respectively 10. LUSTER LightTech: Shareholder Fulong Yuzhan has cumulatively reduced holdings by 0.62% Major contract signings Shanghai Pudong Construction: Subsidiaries win multiple major projects with a total amount of 1.496 billion yuan Others Hwa Create Corporation: Prohibition on participating in procurement activities in special fields within 30 months from July, expected to have a certain negative impact on the company (This article is reprinted from "Tencent Stocks", GMTEight Editor: Xu Wenqiang.)