Major Developments: Longsheng Group Holdings (06829) subsidiary signed a memorandum of understanding with an auto dealer to jointly establish and promote Hong Kong's electric commercial vehicle battery-swapping ecosystem. Shougang Holdings (00697) fund invested in Zhongke Dunxu, empowering team building and core product matrix R&D. China Digital Technology (01796) terminated plans to focus on the new Open Claw next-generation open intelligent gripping actuator sector for new business. Gong Hailin intends to make a tender offer for up to 130 million shares of Jinchuan International (02362). Zhongxian Intelligent Qijia Holdings (08395): plans to acquire the entire equity of Dianshi Technology Investment, resumes trading on May 22.

Operational Performance: Online gaming business leads strongly, NetEase-S (09999) achieved double growth in revenue and profit for the first quarter, with attributable net profit increasing 3.62% year-on-year to 10.7 billion yuan. NIO-SW (09866) released first-quarter results, total revenue reached 25.5327 billion yuan, up 112.2% year-on-year. Lenovo Group (00992) announced annual results, profit attributable to shareholders was $1.912 billion, up 38% year-on-year, surpassing the $80 billion revenue milestone. Boyaa Interactive (00434) first-quarter revenue increased 19.1% year-on-year to approximately 133 million Hong Kong dollars, with online gaming business showing strong growth. VTech Holdings (00303) released annual results, profit attributable to shareholders was $134 million, down 14.5% year-on-year.