Beijing Bei Mo Gao Ke Friction Mate

On the evening of August 25, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Wanhua Chemical's subsidiary, BorsodChem in Hungary, has completed the shutdown maintenance of its integrated MDI and TDI facilities and resumed normal production. CICC has been approved to publicly issue corporate bonds to professional investors with a total face value not exceeding 80 billion yuan. Wus Printed Circuit reported first-half net profit of 2.923 billion yuan, up 73.72 percent year on year. Ouke Precision Cutting Tools reported first-half net profit of 371 million yuan, up 47,734.24 percent year on year. Hangzhou Cable reported first-half net profit of 393 million yuan, up 938.67 percent year on year. Yahua Group reported first-half net profit of 1.216 billion yuan, up 795.48 percent year on year. Qinghai Salt Lake Industry reported first-half net profit of 6.169 billion yuan, up 137.88 percent year on year. Sinomine Resource Group's lithium sulfate project in Zimbabwe with an annual capacity of 100,000 tonnes is expected to be completed and put into production by mid-2027. Beimo High-tech Friction Materials plans to repurchase shares for 120 million to 180 million yuan for employee stock ownership plans or equity incentives.

Beimo Gaoke announced that the company plans to repurchase shares for 120 million to 180 million yuan, to be used for employee stock ownership plans or equity incentives, with a repurchase price not exceeding 37 yuan per share.

The review status of Beimo Gaoke's application to issue shares to specific investors has been changed to registration submission. The company plans to issue no more than 99.5561 million shares, with expected proceeds of 1.97 billion yuan. The sponsor is Changjiang Securities Underwriting and Sponsorship Co., Ltd.