SBT Ultrasonic Technology Co. Ltd. A

The review status of Jiaocheng Ultrasonic's non-public share issuance application has been changed to approved. The company plans to issue shares to specific investors, with the proposed number of shares not exceeding 34.72 million, and expected to raise 1.344 billion yuan. The sponsor for this issuance is Guotai Haitong Securities.

The Ministry of Commerce has decided to add the US firm Compliance Testing LLC to its countermeasures list, prohibiting organisations and individuals within China from engaging in transactions, cooperation, or other activities with it. At the same time, it announced tighter export controls on dual-use items related to drones destined for the United States, with strict case-by-case reviews and no leniency in applying licensing facilitation. Huawei Executive Director Richard Yu said at a press conference that memory prices have risen sharply, and all smartphones may have to undergo significant price hikes going forward. On the STAR Market, BeiGene reported a 627 percent year-on-year jump in first-half net profit to 3.271 billion yuan and raised its full-year revenue guidance to between 44.9 billion and 46.2 billion yuan. Jiaocheng Ultrasonic received a formal order from a leading domestic memory manufacturer for its advanced ultrasonic scanning microscope. Lingdian Electric Control plans to invest 600 million yuan to build a new energy electronic control industrial park expansion project. Kaiweit intends to acquire 100 percent equity in Jingyi Semiconductor for 1.65 billion yuan. The preliminary inquiry for Unitree Technology's STAR Market IPO will take place on August 5, with the market estimating a valuation exceeding 40 billion yuan. The online roadshow is scheduled for August 7.