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Xinxiang Tianli Energy Co. Ltd. A

Tianli Lithium Energy Group Co., Ltd. engages in the research and development, production, and sale of ternary cathode materials for lithium batteries in China. The company provides ternary precursors, ternary cathode materials, lithium iron phosphate, lithium nickel cobalt manganese oxide, lithium carbonate and other lithium battery materials. Its products have applications in the fields of electric vehicles, electric bicycles, consumer electronics; mobile energy storage equipment and power tools. The company was formerly known as Xinxiang Tianli Energy Co., Ltd. Tianli Lithium Energy Group Co., Ltd. was incorporated in 2009 and is headquartered in Xinxiang, China.

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Tianli Lithium Energy and Its Actual Controller Under Investigation by CSRC for Alleged Information Disclosure Violations

Tianli Lithium Energy announced that the company, its controlling shareholder, and actual controller Wang Ruiqing have received a notice of investigation from the China Securities Regulatory Commission. Due to suspected illegal activities including information disclosure violations, the CSRC has decided to initiate an investigation into the company and Wang Ruiqing. Currently, all business operations of the company are proceeding normally, and the above matter will not have a significant impact on the company's production and operations.
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GigaDevice Plans Share Buyback Worth 1 Billion to 2 Billion Yuan for Cancellation

Today, July 31, all three major stock indices rose. Total market turnover reached 2.56 trillion yuan, an increase of 201.5 billion yuan from the previous trading day. At the close, more than 4,600 stocks advanced, with 101 hitting the daily limit up. This week, the Shanghai Composite Index gained 0.47 percent, the Shenzhen Component Index fell 1.42 percent, and the ChiNext Index dropped 3.93 percent. Over 4,000 stocks posted weekly gains, with 113 rising 20 percent or more. Chuanzhi Education led with a weekly surge of 61.06 percent. According to Dragon and Tiger list data, institutional seats net bought 85 stocks this week. Eoptolink Technology saw net institutional buying of 1.633 billion yuan, the highest among all stocks. In evening announcements, GigaDevice plans to repurchase shares worth 1 billion to 2 billion yuan for cancellation, while Tianli Energy announced that the company, its controlling shareholder, and actual controller have received a case filing notice from the China Securities Regulatory Commission.
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Multiple Companies on Shanghai and Shenzhen Stock Exchanges Release Key Announcements on the Evening of July 31

On the evening of July 31, multiple listed companies on the Shanghai and Shenzhen stock exchanges released key announcements. Mentech Optical & Magnetic plans to raise no more than 1.283 billion yuan through a private placement for projects including high-speed optical module smart manufacturing. Elegant Home-Tech will suspend trading from August 3 for verification due to severely abnormal stock price fluctuations. Hongqiao Holdings plans to raise no more than 12 billion yuan through a private placement for wind power, photovoltaic, and aluminum deep processing projects. China Southern Power Grid Technology intends to acquire a 100% stake in Yuoneng Power for 445 million yuan to resolve horizontal competition. Jinhui Liquor needs to pay back taxes and late fees totaling 83.8181 million yuan. Tianli Lithium Energy and its actual controller have been placed on file by the China Securities Regulatory Commission for suspected information disclosure violations. In terms of performance, Aofei Data's net profit in the first half of the year increased by 123.64% year-on-year. Fullhan Microelectronics expects its first-half net profit to grow by 1,072.72% to 1,420.19% year-on-year. Shengda Resources' first-half net profit rose by 456.46% year-on-year. Several companies disclosed buyback or share increase plans, among which GigaDevice plans to repurchase shares worth 1 billion to 2 billion yuan for cancellation, and Zhongchuang Zhiling plans to repurchase shares worth 300 million to 400 million yuan. In addition, China National Nuclear Power's Liaoning Zhuanghe nuclear power project and Zhejiang Jinqimen nuclear power project have been approved by the State Council. Titan Wind Energy has signed a shipbuilding contract worth approximately 420 million to 480 million US dollars.
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