White House National Economic Council Director Hassett: Respect the independence of the Federal Reserve.

Key News 1. State Council Executive Meeting: Implement a package of policies to promote domestic demand through coordinated fiscal and financial measures. 2. Ministry of Finance: Adjust export tax rebate policies for photovoltaic and other products. 3. National Commerce Work Conference: Optimize the trade-in policy for consumer goods in 2026. 4. China Securities Regulatory Commission (CSRC): Promote further increases in the proportion of various medium- and long-term funds entering the market. 5. Foreign Media: US Department of Commerce withdraws its plan to include Chinese-made drones on the so-called "controlled list." Individual Stock News 1. CSRC launches investigation into Tianpu Shares for suspected major omissions in its announcement regarding abnormal stock price fluctuations. 2. Tianpu Shares: Neither the company nor Tianpu Xincai has any artificial intelligence-related technology or personnel reserves; trading resumed on January 12. 3. Changguang Satellite: Releases China's first very high-resolution color nighttime light remote sensing satellite image. 4. Defu Technology: Terminates acquisition of 100% equity in Luxembourg copper foil. 5. Taisheng Wind Power: Its controlling shareholder, Guangzhou Kaiyi, subscribed to 174 million shares at a price of 6.76 yuan/share, increasing its stake to 38.39%. 6. Aerospace Morninglight: Expects a net loss of approximately 220 million yuan in 2025. 7. Hangxiao Steel Structure (two consecutive daily limit-up): The contract amount for the portion of related engineering projects undertaken by the company in Hangzhou Jianyuan Aerospace Technology Co., Ltd. is relatively small and will not have a significant impact on the full-year performance. 8. Zhenlai Technology: Commercial aerospace is still in the early stages of industrialization, and the progress of mass launches and network deployment, as well as its contribution to the company's revenue, is unpredictable. 9. Oriental Pearl (three consecutive daily limit-up): The company indirectly holds 1.3182% of the shares of Super Fusion through related funds; the listing process of Super Fusion is uncertain. 10. Sinochem Equipment: Plans to acquire 100% equity of Yiyang Rubber Machinery and 100% equity of Lanxing Beihua Machinery for a transaction price of 1.202 billion yuan. 11. Goldwind Technology (4 consecutive daily limit-up): Shareholder Xinjiang Energy plans to reduce its holdings by no more than 0.2451% of the company's shares. 12. Visual China: The cumulative fair value change in its MiniMax shares amounted to RMB 67.35 million, accounting for approximately 56.53% of its 2024 net profit. 13. Ourpalm: The estimated impact of its MiniMax shareholding on the company's 2026 net profit is RMB 23.2606 million, accounting for approximately 20.98% of the company's 2024 net profit.

US Ambassador to India: We will speak again next Tuesday about trade issues.