On March 4th, Dongfang Group, which has a significant risk of forced delisting due to major violations, saw its convertible bonds of Fenglong, a leader in internal combustion engine components, about to stop conversion. Shareholders of Wenke Green Technology plan to reduce their holdings by no more than 1.6% of the company's shares.

Here are the highlights from the after-hours announcements:

Dongfang Group: The company faces significant risk of forced delisting due to major violations

Dongfang Group announced that the cumulative decline in the closing price of its stock exceeded 20% over three consecutive trading days on February 28, March 3, and March 4, 2025. According to the "Shanghai Stock Exchange Trading Rules," this constitutes an abnormal fluctuation in stock trading. The company faces significant risk of forced delisting due to major violations. The company has been investigated by the China Securities Regulatory Commission (CSRC). According to the CSRC's announcement of the progress of the investigation, it has been preliminarily determined that the financial information disclosed by Dongfang Group from 2020 to 2023 is severely inaccurate, suspected of major financial fraud, which may lead to forced delisting due to major violations. In addition, the company does not meet the conditions for reorganization due to being under investigation and facing significant risk of forced delisting. The company is also unable to repay the raised funds of 629 million yuan on time.

Fenglong: "Fenglong Convertible Bonds" will soon stop conversion

Fenglong announced at noon that March 4th is the last conversion day for the "Fenglong Convertible Bonds." Before the market closes, investors holding "Fenglong Convertible Bonds" can still convert them; after the market closes, unconverted "Fenglong Convertible Bonds" will stop conversion and be forcibly redeemed at a price of 100.38 yuan per bond. Due to the significant difference between the secondary market price of "Fenglong Convertible Bonds" before trading stops and the redemption price, holders of "Fenglong Convertible Bonds" are reminded to convert within the deadline, as failure to do so may result in losses.

Wenke Green Technology: Zeguang Investment plans to reduce its holdings by no more than 1.6% of the company's shares

Wenke Green Technology announced that shareholder Zeguang Investment plans to reduce its holdings of the company's shares by no more than 9.6537 million shares, or no more than 1.6% of the company's total share capital, within three months after the announcement is disclosed.

NovelBeam Technology: Plans to repurchase shares for 50 million to 100 million yuan

NovelBeam Technology announced in the evening that the company plans to repurchase shares with funds not less than 50 million yuan and not exceeding 100 million yuan, with a repurchase price not exceeding 59 yuan per share. The funds for this repurchase will come from the company's own funds and special loans for stock repurchase. The repurchased shares will be used for implementing employee stock ownership plans or equity incentives, and if not fully utilized within 36 months, they will be canceled. The company has obtained a loan commitment letter from the Qingdao branch of China Merchants Bank, with the maximum amount of special loans not exceeding 90 million yuan.

Jiabiyou: Plans to purchase 63.2134% equity of Ouyi Biotechnology at a transaction price of 831 million yuan

Jiabiyou announced that the company plans to purchase 63.2134% equity of Ouyi Biotechnology from 13 counterparties, including Wang Shuwei, Dong Dong, Xiao Yunping, Wang Xiuping, Jin Chao, Shi Xianjun, Shanghai Fanyi, Ningbo Ruiou, Ningbo Ourun, China National Pharmaceutical Group Phase II, Nantong Dongzheng, Suzhou Dingshi, and Shanghai Shengqi, through the issuance of shares and cash payment, with a transaction price (excluding the amount of raised matching funds) of 830.6237 million yuan

Aerospace Electric: Plans to Acquire 32.7% Equity of Jiangsu Aolai for 56.9333 Million Yuan

Aerospace Electric announced that the company plans to acquire 32.7023% equity of Jiangsu Aolai Optoelectronics Co., Ltd. held by China Aolai Group Co., Ltd. for 56.9333 million yuan. After the completion of this equity acquisition, the company will hold 96.5370% equity of Jiangsu Aolai, while the original shareholders of Jiangsu Aolai, Zhenjiang Runqiao Investment Partnership (Limited Partnership), will hold 3.4630% equity. After Aerospace Electric invested in and took control of Jiangsu Aolai in 2016, it gradually mastered the core technology of optical module products for the defense sector and achieved market breakthroughs, with continuous increases in product orders.

Sichuan Road and Bridge: Subsidiary Construction Enterprises Invest in Panzhihua to Yanyuan Expressway Project

Sichuan Road and Bridge announced in the evening that its subsidiary construction enterprises, Road and Bridge Group, Transportation Construction Group, and East China Company, plan to form a consortium with Chuan Gao Company and Gao Lu Information to participate in the investment bidding for the Panzhihua to Yanyuan Expressway project, with Chuan Gao Company as the consortium leader. The total investment for the project is 34.957 billion yuan, with a self-raised capital ratio of 20.2%, approximately 7.061 billion yuan. The company's equity investment ratio is 5%, with Road and Bridge Group, Transportation Construction Group, and East China Company holding 2%, 2%, and 1% respectively, requiring a total capital investment of approximately 353 million yuan.

Zhongfu Circuit: Controlling Shareholder Hongfeng Investment's Registered Capital Increased to 5 Million Yuan

Zhongfu Circuit announced that the company's controlling shareholder Hongfeng Investment has changed its enterprise name from "Shenzhen Hongfeng Investment Co., Ltd." to "Shenzhen Hongfeng Industrial Development Co., Ltd." The registered capital has increased from 500,000 yuan to 5 million yuan. The additional registered capital of 4.5 million yuan is subscribed by Shenzhen Hongzhong Industrial Development Co., Ltd. After the change, Wang Xianfeng contributed 500,000 yuan, holding 10% of the shares; Shenzhen Hongzhong Industrial Development Co., Ltd. contributed 4.5 million yuan, holding 90% of the shares. This change will not lead to a change in the controlling shareholder or actual controller and will not affect the company's production operations and independence.

Kweichow Moutai: Has Repurchased a Cumulative Total of 822,000 Shares

Kweichow Moutai announced that by February 2025, the company had cumulatively repurchased 137,100 shares through centralized bidding transactions, accounting for 0.0109% of the company's total share capital, with a payment amount of 200 million yuan. As of the end of February 2025, the company had cumulatively repurchased 822,000 shares, accounting for 0.0655% of the company's total share capital, with a total payment amount of 1.2 billion yuan.

Guanghong Technology: Plans to Acquire 100% Equity of AC Company and 0.003% Equity of TIS Company for 733 Million Yuan

Guanghong Technology announced that the company plans to purchase 100% equity of AC Company and 0.003% equity of TIS Company from two trading parties, Hiwinglux S.A. and IEE International Electronics & Engineering S.A., for a total acquisition price of 733 million yuan AC Company mainly engages in electronic manufacturing services, with major clients across Europe, America, Africa, and other regions.

Zhuangyuan Pasture: The company's recent operating situation is normal

Zhuangyuan Pasture issued a notice of unusual activity, stating that the company's recent operating situation is normal, and there have been no significant changes in the internal and external operating environment; the company's controlling shareholder and actual controller do not have any significant matters related to the company that should be disclosed but have not been disclosed, nor are there any significant matters in the planning stage.

Changan Automobile: February sales reached 161,400 units, a year-on-year increase of 5.72%

Changan Automobile announced that its sales in February 2025 reached 161,400 units, a year-on-year increase of 5.72%. Cumulative sales from January to February reached 437,100 units, a year-on-year increase of 0.94%. Among them, sales of self-owned brands were 377,900 units, sales of self-owned passenger vehicles were 287,200 units, overseas sales were 109,500 units, and new energy vehicle sales were 107,100 units.

Jiahuan Technology: Expected to win the bid for China Mobile's centralized procurement project amounting to 2.185 billion yuan

Jiahuan Technology announced in the evening that the company participated in the "China Mobile 2025-2026 Communication Engineering Construction Service (Transmission Pipeline) Centralized Procurement Project" bidding. China Mobile's procurement and bidding website recently released a public announcement of the candidates for the bid, and the company is one of the candidates for 20 provinces (municipalities, autonomous regions), with a total bid amount of 2.185 billion yuan (including tax) for the entire service period.

Jinghua New Materials: Subsidiary plans to invest 300 million yuan to build an electronic-grade high-end adhesive new materials production and R&D center project

Jinghua New Materials announced that to enhance the company's core competitiveness in the fields of consumer electronics, new energy power batteries, and automobile manufacturing, its wholly-owned subsidiary Kunshan Jinghua Xingye Electronic Materials Co., Ltd. signed an "Investment Agreement" with the Kunshan Economic and Technological Development Zone Management Committee, planning to invest 300 million yuan to build an electronic-grade high-end adhesive new materials production and R&D center project.

2 consecutive trading limits for Haili Co., Ltd.: Haili Special Cooling sells cooling systems for lithography machines, but the business scale is relatively small

Haili Co., Ltd. issued an announcement regarding abnormal stock trading fluctuations, stating that the company's controlling subsidiary Haili Special Cooling sells cooling systems for lithography machines, but the business scale is relatively small, with annual sales in the past three years accounting for less than 0.003% of Haili Co., Ltd.'s annual revenue.

Huasen Pharmaceutical: The company's first special medical purpose formula food has obtained a production license

Huasen Pharmaceutical announced in the evening that the company recently received the "Special Medical Purpose Formula Food Production License" issued by the Chongqing Municipal Market Supervision Administration. The company's Teimeiy® protein component is specifically developed for individuals over the age of 10 who are in urgent need of precise supplementation of sufficient protein due to specific diseases or medical conditions such as hypoproteinemia, perioperative period, burns, infections, and tumors. The acquisition of the "Special Medical Purpose Formula Food Production License" indicates that this product can officially be produced by the company and enter the market for sale, which will enrich the company's product line, further expand its business scope, and enhance its market competitiveness

Lianchuang Optoelectronics: Plans to Repurchase Shares Amounting to No More Than 150 Million Yuan

Lianchuang Optoelectronics announced that the company plans to repurchase shares through centralized bidding, with the repurchase amount not less than 100 million yuan and not exceeding 150 million yuan. The repurchased shares will be fully used for cancellation and reduction of the company's registered capital. The repurchase price will not exceed 70 yuan per share, and the period will be within 12 months from the date of approval by the shareholders' meeting, specifically from February 10, 2025, to February 9, 2026. The funding source will be the company's own funds or self-raised funds. As of the announcement date, the company's controlling shareholder and major shareholders have no plans to increase or decrease their holdings in the next 3 or 6 months.

Xujiahui: Vice Chairman Fei Weimin Resigns

Xujiahui announced that the company's vice chairman Fei Weimin recently resigned due to work reasons, relinquishing his positions as vice chairman, director, member of the board's strategic committee, and member of the remuneration and assessment committee. After his resignation, Fei Weimin will no longer hold any position in the company and does not hold any company shares. His resignation did not cause the number of board members to fall below the legal minimum and will not affect the normal operation of the board or the company's standardized operations and daily business.

Huifa Foods: 2024 Annual Performance Forecast Correction Expected Loss of 13 Million to 18 Million Yuan

Huifa Foods announced that after communication with the auditing agency, it has corrected its 2024 annual performance forecast, expecting a net profit attributable to shareholders of the listed company to be between -18 million yuan and -13 million yuan, a decrease of 20.5159 million to 25.5159 million yuan compared to the same period last year, representing a year-on-year decrease of approximately 272.97%-339.49%. The previous forecast for 2024 was a profit of 2.6 million to 3.7 million yuan. The main reason for the correction of the performance forecast is that the company signed a "Project Cooperation Agreement" with a partner, but during the project implementation, due to the failure to reach an agreement on the cooperation model, the partner did not allocate operating funds, resulting in the inability to continue fulfilling the original agreement.

Panjiang Co., Ltd.: Wholly-Owned Subsidiary Invests 6.67 Billion Yuan to Build Guizhou Energy Puding Power Plant Project

Panjiang Co., Ltd. announced that its wholly-owned subsidiary, Panjiang (Puding) Power Generation Co., Ltd., is investing in the construction of the Guizhou Energy Puding Power Plant project, with a total investment of 6.67 billion yuan. The construction includes 2×660MW high-efficiency secondary reheating ultra-supercritical coal-fired generating units, along with supporting projects such as flue gas dust removal, desulfurization, and denitrification devices. The project has obtained relevant approvals and pre-review opinions, with a planned construction period of 25 months. The expected internal rate of return on project capital is 9.55%, and the net profit margin on capital is 12.32%. The project investment still needs to be submitted for approval by the company's shareholders' meeting.

Huarong Co., Ltd.: Company's Robot Products in the Application of Intelligent Business Are Still in the Initial Stage

Huarong Co., Ltd. issued a notice of unusual movement, stating that the company has noticed a recent increase in market attention towards humanoid robot-related concepts. The company, based on its advantages in resource complementarity and technical synergy with a certain robot manufacturer, is cooperating to develop industrial execution robots rather than humanoid robots, aiming to enhance the competitive advantage of the intelligent system solutions through this industrial robot product and accelerate the company's intelligent transformation process Currently, the application of this robot product in the intelligent business of An is still in its infancy, and it is recommended that the market view it rationally and pay attention to investment risks.

Shanghai Bank: Director Niu Ren's Qualification Approved by Regulatory Authority

Shanghai Bank announced that the company has received the "Reply from the Shanghai Regulatory Bureau of the National Financial Supervision and Administration regarding Niu Ren's Qualification as a Director of Shanghai Bank." The Shanghai Regulatory Bureau of the National Financial Supervision and Administration has approved Niu Ren's qualification as a director of the company.

China Life Insurance: Li Zhuyong Resigns from Executive Director and Other Positions

China Life Insurance announced that the board of directors has received Mr. Li Zhuyong's resignation letter. Due to job relocation, Mr. Li Zhuyong has resigned from his positions as executive director, vice president, chairman of the board's Risk Management and Consumer Rights Protection Committee, member of the board's Related Party Transaction Control Committee, compliance officer, and chief risk officer.

Ningbo Port: Container Throughput of 3.35 Million TEUs in February, Up 11% Year-on-Year

Ningbo Port released a prompt announcement of major production data for February 2025, indicating that the company expects to complete a container throughput of 3.35 million TEUs in February 2025, an increase of 11% year-on-year; the expected cargo throughput is 80.07 million tons, an increase of 0.5% year-on-year.

Fosun Pharma: Subsidiary Obtains Clinical Trial Approval for 24-Valent Pneumococcal Polysaccharide Conjugate Vaccine

Fosun Pharma announced that its subsidiary Fosun Antigen has received clinical trial approval from the National Medical Products Administration for the 24-valent pneumococcal polysaccharide conjugate vaccine. This vaccine is a preventive biological product independently developed by the group, intended for the prevention of infectious diseases caused by pneumococcal serotypes. Fosun Antigen plans to conduct Phase I clinical trials for this vaccine in China once conditions are met. As of January 2025, the group's cumulative R&D investment for this vaccine is approximately RMB 44 million.

Hainan Huatie: Subsidiary Signs 3.69 Billion Yuan Computing Power Service Agreement Expected to Generate Average Annual Revenue of About 700 Million Yuan

Hainan Huatie announced that its wholly-owned subsidiary Hainan Huatie Dahuangfeng Construction Machinery Equipment Co., Ltd. has signed a "Computing Power Service Agreement" with Hangzhou Company X to provide computing power services for Company X, with a service period of 5 years and a total contract amount of 3.69 billion yuan. This contract is for computing power services, with a long performance period, and is expected to generate an average annual revenue of about 700 million yuan.

Huatai Medical: Cavernous Venous Filter System Obtains Medical Device Registration Certificate

Huatai Medical announced that its wholly-owned subsidiary Hunan Aipute Medical Devices Co., Ltd. has obtained a medical device registration certificate for the cavernous venous filter system. This product is inserted percutaneously via the femoral vein or jugular vein to prevent pulmonary embolism (PE) caused by the detachment of emboli from the inferior vena cava system.

Senying Window Industry: Company's Stock Triggers Conditions for Stabilizing Stock Price Measures

Senying Window Industry announced that from February 5 to March 4, 2025, the closing price of the company's stock has been below the audited net asset value per share of 19.44 yuan/share for 20 consecutive trading days (adjusted based on the results of the 2023 equity distribution), triggering the conditions for the initiation of stock price stabilization commitments The company will initiate the board meeting procedure within 10 trading days from the date the conditions for triggering the stabilization measures for the stock price are met, to formulate a specific plan for the stabilization measures.

Yabo Co., Ltd.: Winning bid of 6.9008 million yuan project

Yabo Co., Ltd. announced that its wholly-owned subsidiary Shandong Zhongfu Kai New Energy Technology Co., Ltd. recently received the "Notice of Winning Bid," winning the general contracting project for distributed photovoltaic PC of Quanjing Cement, with a tentative price of 6.9008 million yuan, accounting for 0.89% of the company's audited operating income for 2023. The project has not yet signed a formal contract, and there are uncertainties in the contract signing terms. After the successful implementation of the project, it is expected to have a positive impact on the company's future operating performance.

Huapei Power: Transferring 6 million shares of Weixin Titanium Fund to Wan Liujun at a transfer price of 0 yuan

Huapei Power announced that the company will transfer its 6 million shares of Suzhou Weixin Titanium Venture Capital Partnership (Limited Partnership) fund, which have not yet been fully paid, to Wan Liujun at a transfer price of 0 yuan. After the transfer is completed, the company will hold 14 million shares of Weixin Titanium Fund. This transaction has been approved by the executive partner of Weixin Titanium and does not constitute a related party transaction or a major asset restructuring.

Beibu Gulf Port: February cargo throughput of 23.9793 million tons, a year-on-year increase of 14.56%

Beibu Gulf Port announced that the cargo throughput in February 2025 was 23.9793 million tons, a year-on-year increase of 14.56%. Among them, the container part was 638,500 TEUs, a year-on-year increase of 13.41%. The cumulative cargo throughput in 2025 was 51.8102 million tons, a year-on-year increase of 10.79%; the cumulative container part was 1.3508 million TEUs, a year-on-year increase of 12.11%