CICC to Resume A-Share Trading After Share Swap Merger with Dongxing and Cinda Securities

Today's Focus

1. CICC: Share Swap Absorption Merger Effective; 7.3219 Million Dissenting Shares Validated; A-Share Trading Resumes Tomorrow

China International Capital Corporation (CICC) announced that it has published the results of the application for purchase rights from dissenting A-share shareholders in connection with its share swap absorption merger, a major asset restructuring project. Following an application to the Shanghai Stock Exchange, the company's A-shares will resume trading from the opening bell on September 23, 2026.

CICC plans to issue A-shares to all A-share swap shareholders of Dongxing Securities and Cinda Securities, thereby absorbing and merging the two companies via share swap. During the application period for dissenting A-share shareholders in the merger, a total of 1,950 securities accounts submitted applications, covering 10.9303 million shares. After verification, 1,084 dissenting A-share shareholder accounts were deemed valid, with a total of 7.3219 million valid dissenting shares.

2. Shanshan Co.: Plans to Invest RMB 5.106 Billion in 150,000-Ton Lithium Battery Anode Material Integration Base

Shanshan Co. announced plans to invest in the construction of an integrated base project for 150,000 tons of lithium-ion battery anode materials annually in Inner Mongolia. The total investment is approximately RMB 5.106 billion, including fixed asset investment of about RMB 4.318 billion. The construction period is 17 months, with work scheduled to begin in March 2027 and completion expected in July 2028. Upon completion, the project will form an integrated production capacity of 150,000 tons of anode materials annually, along with supporting 50,000 tons of graphitization capacity. This investment is subject to shareholder approval and requires environmental impact assessment, energy evaluation, and other regulatory approvals.

3. Biwin Storage: Plans to Invest RMB 4.5 Billion in Phase III of Wafer-Level Advanced Packaging and Testing Project

Biwin Storage announced that the company and its controlling subsidiary, Guangdong Xinchenghanqi, plan to sign a cooperation agreement with the Dongguan Songshan Lake High-Tech Industrial Development Zone Management Committee for Phase III of the Wafer-Level Advanced Packaging and Testing Manufacturing Project. The total estimated investment for Phase III is approximately RMB 4.5 billion, including RMB 4 billion in fixed asset investment.

Phases I and II of the project, with a planned investment of RMB 3.09 billion, have been completed, and equipment is being delivered gradually, corresponding to a monthly production capacity of approximately 3,000 wafers. As of the disclosure date, Phase I has completed plant construction and equipment installation and commissioning. Phase II equipment is being progressively installed and commissioned, currently in the stages of customer sampling, process validation, and small-batch trial production, and has not yet generated mass production revenue. Guangdong Xinchenghanqi has established a range of advanced packaging technologies covering 2.5D, RDL, Fan-in, and Fan-out. Phase III represents an expansion of the original project within the existing industrial land, with no additional land acquisition required.

4. Wisesoft: Under Investigation by CSRC for Suspected Information Disclosure Violations

Wisesoft announced that it has received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC). The CSRC has decided to file a case against the company due to suspected violations of information disclosure regulations. The company stated that its production, operations, and business activities are currently running normally, and it will actively cooperate with the investigation while fulfilling its information disclosure obligations.

5. Aoni Electronic: Wholly Owned Subsidiary Signs GPU Computing Card Procurement Contract Worth RMB 1.67 Billion

Aoni Electronic announced that its wholly owned subsidiary, Aoni Intelligent, has signed a procurement contract with Company A to purchase GPU computing card products. The total contract value is RMB 1.67 billion (including tax). This contract is a major daily operational contract and does not require approval from the board of directors or shareholders. It does not constitute a related-party transaction or major asset restructuring. If the contract is successfully fulfilled, it is expected to have a positive impact on the company's operating results for the contract performance year.

Risk Alerts for Volatile Stocks

1. Nanhua Bio (4 consecutive limit-ups): Cell therapy-related technologies and products are still in the R&D stage; no innovative drugs have been launched or entered clinical trials.
2. MYS Group (5 trading days, 3 limit-ups): Expected net profit for the first three quarters to decline by 15%–25% year-on-year.

Share Buybacks & Stake Changes

1. United Power: Chairman plans to increase shareholding by no less than RMB 20 million.
2. Suntar Membrane: Concerted action party of the actual controller plans to increase holdings by RMB 10 million to RMB 20 million.
3. Northern Heavy Industries: Tewo Shanghai plans to reduce its stake by no more than 3% of the company's shares.
4. Honghe Technology: Shareholders have reduced their holdings by a total of 2.5%.

Major Contracts Signed

1. Dafeng Industry: Won bids for multiple cultural facility projects with a total value of approximately RMB 370 million.
2. Jolywood: Wholly owned subsidiary plans to sign a procurement contract worth RMB 86.31 million.
3. Feinan Resources: Won a bid for a报废品 disposal project involving approximately 21,000 tons.

This article is reprinted from Tencent Self-Select Stocks. Editor: Jiang Yuanhua (Zhito Finance).