The SC crude oil futures contract surged 4.00% intraday, currently trading at 723.50 yuan per barrel.

Key News 1. Li Qiang emphasized during his research visit to Shanghai the need to accelerate the cultivation and expansion of emerging and future industries, and to continuously strengthen advanced manufacturing. 2. Draft revisions to the guidelines for overseas anti-monopoly compliance by enterprises are open for public comment. 3. Wuhan: It will cultivate and expand industrial clusters and fully support leading enterprises such as Yangtze Memory Technologies Co., Ltd. in increasing investment, expanding production, and growing stronger. 4. Ministry of Foreign Affairs: China is willing to work with the US to enrich the content of the constructive strategic and stable relationship between China and the US. Individual Stock News 1. Guangdong Chip Semiconductor: IPO price set at RMB 12.01 per share. 2. Xingyun Technology: Signed a RMB 453 million computing power service procurement contract. 3. China International Capital Corporation (CICC): 7.3219 million shares submitted valid objections to the share swap merger; A-shares resumed trading on the 23rd. 4. Biwin Storage: Plans to invest approximately RMB 4.5 billion in the third phase of a wafer-level advanced packaging and testing manufacturing project. 5. BOE Technology Group Co., Ltd.: Its glass-based packaging substrate test line is fully operational; 24-layer products have been sent to customers for verification. 6. Shenzhen Huaqiang: Shipments of its storage product line increased by over 330% year-on-year; high-end MLCC capacity is tight, leading to longer delivery times. 7. Intel, together with its ecosystem partners, launched the TBX16 word-based all-in-one machine; Invic provides a full-chain liquid cooling solution. 8. Shanshan Co., Ltd.: Plans to invest 5.106 billion yuan to build an integrated base project with an annual production capacity of 150,000 tons of lithium-ion battery anode materials. 9. Sichuan University Zhisheng: Under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure regulations. 10. Baogang Steel Co., Ltd. received a trial order for Hi-B oriented silicon steel hot-rolled raw materials. 11. Aoni Electronics: Its wholly-owned subsidiary signed a 1.67 billion yuan GPU computing power card procurement contract. 12. Xianhe Environmental Protection: Its subsidiary plans to purchase GPU server equipment for 168 million yuan to provide computing power services. 13. Nanhua Bio, which has seen four consecutive daily limit-up moves: Its cell therapy-related technologies and products are still in the research and development stage; no innovative drugs have been launched or entered the clinical trial stage. 14. Fuxin Technology: Plans to raise no more than 270 million yuan through private placement for projects such as the production of micro-semiconductor thermoelectric cooling devices (Micro TEC).

The secretary of Iran’s Supreme National Security Council said Tehran will not rush into negotiations and the Strait of Hormuz will not reopen until Iran’s conditions are satisfied. He said Iran’s negotiation terms have been drafted and forwarded to intermediaries in Qatar and Pakistan. The official claimed US drone and warplane losses and said US military action has failed to weaken Iran and has instead increased Iran’s international influence; he also said Iran detonated an anti-ship missile over the US carrier Washington.