Modern Avenue Group Co Ltd

On the evening of July 16, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Rongsheng Petrochemical's controlling subsidiary, Zhejiang Petroleum and Chemical Company, plans to invest approximately 19.6 billion yuan in a refining and chemical integration project upgrade, with an expected construction period of two years. Trina Solar issued its 2026 half-year performance forecast, expecting a net loss attributable to the parent company of 180 million to 360 million yuan, narrowing the loss year-on-year. VeriSilicon announced that from April 30 to July 16, new orders totaled 6.413 billion yuan, with AI computing and data processing orders accounting for over 90 percent. Jingneng Power plans to raise no more than 5 billion yuan through a private placement for thermal power expansion and integrated wind, solar, thermal, and storage projects. Additionally, Dong Yi Ri Sheng and Modern Avenue will both have their delisting risk warnings removed starting July 20.