CHINA JAN-APRIL FISCAL EXPENDITURES +1.3% YR/YR

Key News 1. Ministry of Foreign Affairs: China and the US agree to conduct intergovernmental dialogue on artificial intelligence. 2. Yangtze Memory Technologies Co., Ltd. initiates IPO preparation. 3. National Energy Administration: Total electricity consumption in April 2026 increased by 6.0% year-on-year. Individual Stock News 1. Hongxin Electronics, which hit the 20% daily limit for two consecutive days: The purchase of four Huawei Ascend 910C384 supernode servers from Huawei is not considered a major routine business contract. 2. Shanghai Silicon Industry Co., Ltd., which hit the 20% daily limit: The second largest shareholder, the National Integrated Circuit Industry Investment Fund, reduced its holdings to 13.89%. 3. Dongfang Guoxin: Won a 15% share in China Telecom's Token Factory tender package. 4. Datang Power Generation: The company mainly focuses on thermal power generation and has no existing computing power synergy projects. 5. Zhongkuang Resources: Plans to raise no more than 5.2 billion yuan through a private placement for projects such as a 100,000-ton-per-year lithium sulfate production line in Zimbabwe. 6. Hongxin Electronics: The company purchased four Huawei Ascend 910C384 supernode servers from Huawei. This transaction is not considered a major routine business contract. 7. Beihua Shares: Received notification from its actual controller, China North Industries Group Corporation Limited (NORINCO), that the company's actual controller may change. 8. Jiangnan Chemical: Received notification from its actual controller, NORINCO, that the company's controlling shareholder and actual controller may change. 9. Hangzhou Kelin: Plans to acquire a 41.57% stake in its investee company, Kepler, thereby gaining control. 10. Zhongtian Technology: The company has joined the supplier systems of several leading internet companies and has successively won bids for projects such as the electromechanical general contracting project for the Changle Airport Intelligent Computing Center. 11. Benchuan Intelligent: Small-batch supply of PCBs related to 800G optical modules has been achieved, and sample verification is being conducted with several customers. 12. Jinlihua Electric: Plans to acquire 82.50% equity of Zhongke Xiguang. The stock will resume trading on the 20th and will add satellite manufacturing and related services and satellite remote sensing information services sectors.

INTEL RISES OVER 5% PREMARKET