UBS CFO: IN UBS'S CASE, OUR EXPOSURE TO PRIVATE CREDIT FUNDS I'M QUITE COMFORTABLE WITH

Key News 1. The National Development and Reform Commission (NDRC) launched a new batch of major foreign investment projects with a planned investment of US$13.4 billion. 2. The Ministry of Foreign Affairs clarified that the US visit to China was unrelated to the Strait of Hormuz navigation issue. Individual Stock News 1. Robotec: A subsidiary signed a mass production order worth approximately RMB 48 million for double-sided wafer testing equipment and services. 2. PENGDING HOLDING: Its wholly-owned subsidiary, CHECKING Precision, invested RMB 11 billion in Huai'an for the construction of a high-end PCB production base. 3. Joinn Laboratories: Shareholders Gu Xiaolei and Gu Meifang plan to reduce their holdings by 2.01% and 0.99% respectively. 4. Fuyao Glass: Net profit is expected to increase by 24% year-on-year in 2025; a dividend of RMB 1.2 per share is proposed. 5. Farsun, which has seen four consecutive days of limit-up trading: If the company's stock price rises further in the future, the company may apply to the Shenzhen Stock Exchange for a trading suspension for investigation. 6. World Circuits: Currently, the supply of PCB products related to NVIDIA servers is experiencing rapid growth. 7. Yahuilong: The Securities Regulatory Bureau plans to fine the company 4 million yuan for failing to accurately and completely disclose the actual technical roadmap and product details of its Brain-Computer Interface (BCI) chip. 8. Ingenics: The company is facing a proposed fine of 4 million yuan for making misleading statements about its BCI chip on an interactive platform on January 6, causing abnormal stock price fluctuations. 9. Sanfangxiang (4 consecutive daily limit-up moves): Increased costs due to rising raw material prices and rapidly rising product prices have weakened downstream customers' purchasing intentions. 10. Zhongfu Shenying: The new carbon fiber product is not expected to impact the company's operating performance in 2026. 11. Guosheng Technology: The company's stock price has deviated significantly from the company's fundamentals and faces the risk of future decline.

An Israeli official disclosed that intelligence from Tehran residents over the past 24 hours facilitated the assassination of Larijani. The official stated that Larijani's public appearances, including at Quds Day rallies, contributed to his identification. The official further emphasized that Israeli intelligence continues to receive valuable reports pinpointing Basij and IRGC checkpoints, aiding their operations.