(1) Tengjing Technology plans to continue to suspend trading in major asset restructuring;

(2) Kangxi Communication's shareholders plan to reduce their holdings of no more than 3% of the company's shares;

(3) Obi Zhongguang has adapted relevant products/solutions with some humanoid robot customers.

"Science and Technology Innovation Board Daily" on March 5, the main contents of today's Science and Technology Innovation Board Evening News include: Tengjing Technology plans to continue to suspend trading in major asset restructuring; Kangxi Communication shareholders plan to reduce their holdings of no more than 3% of the company's shares; Obi Zhongguang has adapted relevant products/solutions with some humanoid robot customers.

[Hot Spotlight].

News-in-brief:

State Council: Increase equity financing support for technology-based enterprises that break through key core technologies

The General Office of the State Council issued guidance on doing a good job in the "five major articles" of finance. The opinions put forward that it is necessary to establish and improve the "green channel" mechanism for listing financing, mergers and acquisitions, and increase the equity financing support for technology-based enterprises that break through key core technologies. Optimize the system of "fundraising, investment, management and withdrawal" of private equity and venture capital funds, and guide social capital to increase investment in the key areas of the "five major articles" of finance. We will intensify efforts to activate the M&A market and support the efficient integration and restructuring of science and technology and green industries. Promote the issuance of real estate investment trusts in the infrastructure sector for eligible projects in the fields of clean energy, pension, and new infrastructure on a regular basis.

State Office: Give full play to the key pivotal role of the multi-level capital market to support scientific and technological innovation, and focus on investing early, small, long-term, and hard technology

The General Office of the State Council issued guidance on doing a good job in the "five major articles" of finance. The opinions put forward that financial support for achieving high-level scientific and technological self-reliance and self-improvement and building a strong country in science and technology should be strengthened. Promote the construction of scientific and technological innovation capacity in financial services, coordinate the use of equity, creditor's rights, insurance and other means to provide full-chain and full-life cycle financial services for technology-based enterprises, and strengthen financial support for major national scientific and technological tasks and technology-based small and medium-sized enterprises. Give full play to the role of the multi-level capital market as a key hub to support scientific and technological innovation, and focus on investing early, small, long-term, and hard technology. Enrich financial policies and tools to support major national scientific and technological tasks, and improve the risk diversification mechanism for major technological breakthroughs. Optimize the financing environment for small and medium-sized technology-based enterprises, develop equity investment, venture capital, and angel investment, expand patient capital, and support the cultivation and development of science and technology leading enterprises, unicorn enterprises, and specialized and new small and medium-sized enterprises.

State Administration of Financial Regulation: Supporting the Development of Science and Technology Enterprises The pilot project will relax the loan to "no more than 60%" to "not more than 80%" in the amount of M&A transactions

The State Administration of Financial Supervision (FSA) has recently organized a pilot project to appropriately relax the M&A loan policy for science and technology enterprises, focusing on the outstanding problems reported by science and technology enterprises, and moderately relaxing some provisions of the Guidelines for the Risk Management of M&A Loans of Commercial Banks to support the development of science and technology enterprises. For "holding" M&A, the pilot project will relax the loan to "no more than 60%" to "not more than 80%", and the loan term "generally not more than seven years" to "generally not more than ten years".

Beijing: Promote the R&D and application of 5G-based intelligent robots Explore the presetting of 5G modules in humanoid robots

The "Beijing 5G Large-scale Application "Sailing" Action Upgrade Plan (2025-2027) (Draft for Comments)" is open for comments. It is mentioned that it will promote the R&D and application of 5G-based intelligent robots, intelligent mobile terminals, cloud devices, etc., and encourage the innovation and development of XR business systems, glasses-free 3D, smart wearables, smart homes and other products that integrate 5G. Promote "5G on the car", encourage vehicles to install 5G communication modules in front of them, and help intelligent networked vehicles improve the quality of intelligent driving and intelligent cabins. Explore the presetting of 5G modules in humanoid robots, strengthen the collaborative adaptation capabilities of humanoid robots and the 5G industrial Internet, promote the large-scale application of humanoid robots with 5G communication capabilities in high-end manufacturing scenarios and consumer service scenarios, enrich systematic solutions, and expand new manufacturing models such as human-machine collaboration and flexible production.

The Guangdong Provincial Development and Reform Commission held a meeting on private enterprises

Ai Xuefeng, Secretary of the Party Group and Director of the Guangdong Provincial Development and Reform Commission, recently presided over a meeting of private enterprises, which was attended by 12 private enterprises including Xin Yueneng Semiconductor, Yuexin Semiconductor, EHang Intelligence, Zhongke Aerospace, Baiyun Electric, WeYuan Zhixing, MINO Equipment, Shiyuan Electronics, Origin Intelligence, Zhongke Anya, Tiantai Robot, and Huashu Robot. At the meeting, Ai Xuefeng responded to the concerns of enterprises one by one. He said that private enterprises are an important support for Guangdong's economy, and supporting the development of the private economy is an important responsibility of government departments at all levels. Next, the Guangdong Provincial Development and Reform Commission will work with the relevant units of the province and the development and reform departments at all levels to carefully study the opinions and suggestions of enterprises, implement various policies in place, solve problems for enterprises with heart and soul, and create a better environment for the development of private enterprises.

The Secretary of the Shenzhen Municipal Party Committee visited scientific research institutions and biomanufacturing enterprises

Meng Fanli, Secretary of the Shenzhen Municipal Party Committee, visited and investigated the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences, the Shenzhen Academy of Medical Sciences, the Shenzhen Bay Laboratory and some biomanufacturing enterprises on March 5. Meng Fanli pointed out that we should seize major opportunities to cultivate and develop new quality productivity with scientific and technological innovation, and promote the innovative application of biomanufacturing technology and the accelerated development and growth of the biomedical industry. It is necessary to aim at the trend of technology and industrial development, boldly explore the reform of systems and mechanisms, build and give full play to the role of various innovation institutions as platform carriers, vigorously promote the collaborative research of industry, university and research and the joint research of the upstream and downstream of the industrial chain, realize the collaborative linkage from source innovation to technology transformation to industrial application, promote the deep integration of innovation chain, industrial chain, capital chain and talent chain, and continuously improve the level of transformation and industrialization of scientific and technological achievements.

Depth:

[Science and Technology Innovation Board Company].

Xinyuan Micro: It is planned to plan a change of control, and the stock will be suspended from tomorrow

Xinyuan Micro (688037.SH) announced that due to the planned change of control, the company's shares have been suspended since March 6, and the suspension is expected to last no more than 2 trading days.

VeriSilicon: The company and its largest shareholder do not have any material matters that should be disclosed but have not been disclosed

VeriSilicon (688521.SH) announced that the company's stock trading has deviated from the closing price increase by more than 30% in three consecutive trading days, which is an abnormal fluctuation in stock trading. After the company's self-examination and announcement to the Municipal Committee, the company and the largest shareholder do not have any major matters that should be disclosed but have not been disclosed, nor do they have other major events that may have a greater impact on the company's stock price. At present, the company's production and operation activities are normal, and there has been no major adjustment in the market environment or industry policies.

Tengjing Technology: Planning for major asset restructuring continues to be suspended

Tengjing Technology (688195.SH) announced that the company is planning to purchase the control of Shenzhen Xunte Communication Technology Co., Ltd. by issuing shares and paying cash. As the relevant work has not yet been completed, the company's shares will continue to be suspended from the market open on the morning of March 6, 2025 (Thursday), and it is expected that the continued suspension will not exceed 5 trading days. During the suspension of stock trading, the company will strictly fulfill its information disclosure obligations according to the progress of the matter.

Kangxi Communication: Shareholder Pan Bin intends to reduce his holdings of no more than 3% of the company's shares

Kangxi Communications (688653.SH) announced that due to his own capital needs, shareholder Pan Bin plans to reduce his holdings of the company's shares by centralized bidding and/or block trading within 3 months after 15 trading days from the date of disclosure of the announcement of this shareholding reduction plan, not exceeding 12,734,400 shares, accounting for 3% of the company's total share capital. The price of the reduction is determined according to the market price.

Obi Zhongguang: The company has adapted relevant products/solutions with some humanoid robot customers

Obi Zhongguang (688322.SH) announced that in the field of humanoid robots, the company's Femto series iToF cameras and Gemini335 series and 336 series cameras cooperated with Microsoft have excellent performance, which can meet the needs of various humanoid robots to perform visual applications in complex indoor and outdoor scenarios. At present, the company has adapted related products/solutions to some humanoid robot customers, and continues to improve technology research and development and operational efficiency, in order to continuously increase the market share in emerging scenarios such as humanoid robots.

Wasion Information: Won the bid for the State Grid procurement project of 27.8417 million yuan

Wasion Information (688100.SH) announced that the company won the bid for the first public bidding and procurement project of State Grid Hunan Electric Power Co., Ltd. in 2025, with a bid amount of 27.8417 million yuan, accounting for 1.01% of the company's audited total operating income in 2024.

[Venture capital vane].

Jingya Capital invested in Aishi Technology

Aishi Technology recently announced the completion of the A5 round of financing, with a total amount of more than 400 million yuan from A1 to A5 rounds. This round of financing was invested by Jingya Capital, with Light Source Capital as the financial advisor. Up to now, PixVerse, an AI video generation product under Aishi Technology, has exceeded 40 million users worldwide, with 15 million monthly active users (MAU).

Fixed Vision Medical completed tens of millions of yuan in Series A financing

Recently, Shenzhen Dingshi Biomedical Technology Co., Ltd. announced the completion of tens of millions of yuan in Series A financing. This round of financing was co-led by Diligence Capital and OPCOM Comvision. The funds from this round of financing will be used to increase R&D investment, expand the market and upgrade the team. Founded in 2019, FixedVision Medical focuses on the field of ophthalmic device innovation. Relying on the Shenzhen Biomanufacturing Technology and Application Engineering Laboratory of Tsinghua University Shenzhen International Graduate School, the company's technology research and development has completed the development and integration of a full set of supply chains for meibomian gland treatment instruments and intelligent corneal cross-linking instruments. According to the data of the Venture Capital Connect of the Financial Associated Press, taking March 2025 as the forecast base time, the probability of financing in the next two years is 69.5%.

Zhaona New Energy received tens of millions of yuan in angel round financing

Recently, Shanghai Zhaona New Energy Technology Co., Ltd. completed an angel round of financing of tens of millions of yuan. Investors in this round include Jinbang Capital, Fujian Jinyuan Development Group Co., Ltd., Runsen Yixin Investment and Snow Line Capital. The funds from this round of financing will be used for the R&D and production of all-solid-state sodium-ion batteries. Mega New Energy is a company focusing on the research and development of all-solid-state sodium-ion batteries, and is committed to providing customers with clean, efficient and sustainable energy solutions. According to the data of the Venture Capital Connect of the Financial Associated Press, taking March 2025 as the forecast base time, the financing forecast probability for the next two years is 51.29%.

Azimuth completed nearly 100 million yuan in Series A financing

Shanghai Azimuth Data Technology Co., Ltd. (hereinafter referred to as Azimuth) has successfully completed the A round of financing, with a total financing of nearly 100 million yuan. This round of financing was led by Zhongbing Beidou Application Research Institute, followed by Shenzhen Venture Capital and Ruihe Assets. The lead investor, Zhongbing Beidou Application Research Institute, is the "national team" for the application and promotion of the Beidou industry, and will help in technology research and development, market expansion, standard formulation, and industrial chain integration. Shenzhen Capital Group is an angel round investor in Azimuth and continues to invest. (Small K note: azimuth provides a universal indoor and outdoor high-precision positioning, navigation and timing system).

The first small hydrogen fuel cell company for drones in China has won a round of financing and has won 600 million orders

Xiehydrogen (Shanghai) New Energy Technology Co., Ltd. recently completed the first Series A financing of tens of millions of yuan. This round of investors is Silicon Port Capital, and this round of funds will be mainly used for the R&D, manufacturing, application and service network construction of hydrogen drones. At present, Xiehydrogen New Energy has a hydrogen UAV R&D center in Shenzhen, a fuel cell R&D center in Shanghai and Chizhou, and production bases in Chizhou, Zaozhuang and Zhangjiagang. Recently, Xiehydrogen New Energy and Hydrogen Ocean Technology have reached a cooperation order of 600 million yuan, and the company's long-endurance UAV will realize large-load postal distribution in extremely cold weather in the extremely cold weather environment of -35 °C in the Daxinganling area of Heilongjiang Province.