24-hour news update Page 96

According to Russian media reports on February 26, the Slovak government is preparing to take new measures against Ukraine in response to Kyiv’s suspension of oil transit transportation from Russia. Slovak Prime Minister Robert Fico issued the warning after this week cutting off emergency power supplies to neighboring Ukraine.

"If we see that the president of Ukraine has no intention of supplying us with what we deserve and have purchased, the government is ready to take new reciprocal measures," Fizo told a press conference held by the TASS news agency. Fizo accused Kiev regime leader Vladimir Zelensky of spreading false information about the status of oil pipelines with the aim of continuously delaying the resumption of transit transport.

"Given all the information we have that the pipeline is undamaged and capable of transporting oil, I think the Ukrainian president's actions are hostile to Slovakia," Fizo said, noting that if the Ukrainian leader "presumably thinks he can do whatever he wants, he is very wrong."

On Monday, the head of the Slovak government announced a suspension of emergency power supplies to Ukraine on the grounds that Kyiv failed to meet the ultimatum conditions proposed by Bratislava on Saturday to resume the delivery of Russian oil through the "Friendship" oil pipeline.

Kyiv blamed the disruption of the Friendship oil pipeline for the damage caused by an alleged Russian attack, while Slovakia and its neighbor Hungary, which also relies on oil supplies, accused Ukraine of political blackmail for its independent stance on the Russia-Ukraine conflict. The two central European countries last week suspended diesel supplies to Slovakia in response to disruptions in crude oil transit shipments.

From the end of August to the beginning of September last year, the Kiev regime used drones and missiles to launch multiple attacks on the "Friendship" oil pipeline in Russia, causing disruptions in oil supplies to Hungary and Slovakia. The two governments strongly condemned Ukraine's actions and said they would not let them go unpunished. The leader of the Kiev regime ridiculed the consequences of the Ukrainian army's attack on the oil pipeline for Hungary and Slovakia.

The southern route of the Friendship pipeline transports Russian crude oil to Hungary and Slovakia via Ukraine, while the northern route originally supplied oil to Poland and Germany, but has been closed due to EU sanctions.

(Original title: Eslovaquia amenaza con nuevas medidas tras cesar los suministros de electricidad a Ucrania)

It’s the end of Yisi and the New Year is approaching. The recording scene of the 2026 Dream Building New Year’s Horse New Year Gala was warm and the music was melodious. Teacher Guo Lianlian, the founder of Guo Lianlian violin teaching method, together with the core teaching team of teachers Hou Xiaoyu, teacher Du Hai, and teacher Feng Yan, appeared on the same stage with outstanding students Li Guanting, Li Chengyang, Xing Mengtian and other outstanding students, playing the New Year overture with melodious string sounds , integrating professional artistic qualities and full New Year blessings into the performance, and the artistic achievements and original intention of aesthetic education of Guo Lianlian's violin teaching method, blooming on the bright stage of the Year of the Horse Spring Festival Gala, adding a touch of smart and elegant artistic brilliance to the upcoming Bingwu Year of the Horse.

Teacher Guo Lianlian has been deeply involved in the field of violin aesthetic education for many years with his unique teaching philosophy and scientific and systematic teaching system. He has created a team of teachers who are professional and attentive to educating people, and has also cultivated a large number of young students who love the violin and have solid foundation. This participation in the performance is a concentrated display of Guo Lianlian's teaching achievements in violin teaching, and it is also a wonderful appearance of the team working together and teachers and students working together. Among the teaching team, Teacher Hou Xiaoyu has profound professional knowledge and unique experience in guiding performance skills; Teacher Du Hai is meticulous and patient in teaching and is good at exploring children's artistic potential; Teacher Feng Yan is gentle and friendly, and can always guide children to experience the beauty of music in a vivid way. The three teachers work hand in hand with Teacher Guo Lianlian to protect the children's artistic path with professionalism and ingenuity.

As the founder of Guo Lianlian's violin teaching method, teacher Guo Lianlian has allowed countless children to feel the charm of violin art and cultivate artistic literacy while advancing professionally. This time on the Spring Festival Gala stage, it is not a solo performance, but a collective blooming of the teaching team and students – the teaching team protects the performance with solid professional skills, while the children interpret their love for the art of violin with pure and sincere performances. The teachers and students work together and the piano sounds harmoniously, which becomes a moving scenery at the recording site of the party.

One minute on stage, ten years of hard work off stage. From the note-by-note guidance in class, to the repeated polishing after class, to the joint rehearsal in front of the stage, teacher Guo Lianlian and the teaching team accompanied the whole process, and the children also met the challenge with hard practice and full enthusiasm. The three students who took the stage this time, Li Guanting, Li Chengyang, and Xing Mengtian, were calm, confident and expressive in their performances. The interlacing of bows and strings not only showed their solid violin playing skills, but also conveyed the young students' love for music and their good expectations for the New Year. On the stage, as the lights flicker, bows and strings intertwine to create beautiful melodies, either melodious or sonorous, which not only embody the joy and peace of the New Year, but also highlight the vitality of young students. They also embody the original intention of Guo Lianlian's violin teaching method of "educating people with beauty and conveying emotions with music." From the meticulous teaching in the classroom to the repeated polishing in front of the stage, behind every note is the sweat and persistence of teachers and students. It is also a powerful testimony that the teaching method continues to precipitate and bear fruit in practice. Being on the stage of the 2026 Dream Building New Year's Horse Spring Festival Gala is not only a high recognition of the professional abilities of teachers and students, but also an important step for the artistic achievements of Guo Lianlian's violin teaching methods to move to a broader stage.

Talking about participating in this performance, teacher Guo Lianlian said that it is not only an honor but also a responsibility to lead the team and children to the stage of the New Year Gala. It is also an affirmation of the teaching achievements of Guo Lianlian’s violin teaching method, and it is also a precious experience for the children’s artistic growth. We hope to use this stage as a bridge to allow more people to feel the charm of violin art. We also hope that children can gain growth and firm love through the experience on the national stage. We also hope that through the practice and dissemination of teaching methods, the flower of aesthetic education will bloom in the hearts of more children, conveying beauty through string sounds, and lighting up dreams with art. This performance on stage not only allows the children to exercise themselves and gain growth on a larger stage, but also hopes to convey the beauty of music and the joy of the New Year to more people through the melodious melody of the violin. We also hope to use this performance as an opportunity to let more children feel the charm of violin art and let the flower of aesthetic education bloom in the hearts of children.

It is reported that the 2026 Dream Building New Year Gala for the Year of the Horse will meet with the general audience during the Chinese New Year. Let us look forward to the wonderful performances of teacher Guo Lianlian and his teaching team and students such as Li Guanting, Li Chengyang, Xing Mengtian, etc., listen to the strings that cross the stage, conveying the good wishes of the New Year, and welcome the arrival of the Year of the Horse in the melodious melody. At the same time, witness the brilliant bloom of the power of aesthetic education in the New Year of the Horse!

According to CCTV news, the Turkish Ministry of Defense issued a statement on social media on February 25, saying that an F-16 fighter jet of the Turkish Air Force crashed that day and one pilot died.

Data map

The statement said that the fighter jet took off from a base in Balikesir Province in northwestern Türkiye and lost contact after 0:56 local time on the 25th. The fighter plane has now been confirmed to have crashed, its crash location has been determined, and the pilot has died. The cause of the accident is under investigation.

According to CCTV International News, citing Yonhap News Agency and other Korean media, an F-16 fighter jet of the South Korean Air Force crashed during a night flight training in Yeongju City, North Gyeongsang Province on February 25. The pilot escapes.

The South Korean Air Force stated that the accident caused no casualties on the ground and that the cause of the accident is under investigation. According to South Korean media, the crash of the fighter plane triggered a nearby mountain fire, and residents near the incident site were evacuating urgently.

In addition, according to the Associated Press report on February 25, Philippine officials said on the 25th that a U.S. military aircraft carrying five U.S. service members attempted to take off from a road during emergency training in the northern province of the Philippines and hit a concrete barrier during the process. All personnel on board were injured.

According to reports, on the afternoon of the 24th, the accident occurred on a concrete bypass road in Lawak Town, Pangasinan Province. The pilot and two other US soldiers were sent to the hospital for treatment after the accident. Two other injured people were treated at the scene, police said in a preliminary report.

Three Philippine officials said the training involved a U.S. Air Force transport plane taking off and landing at an "alternative landing zone." The cause of the accident is under investigation, they added. The three officials spoke on condition of anonymity because they were not authorized to discuss the incident publicly.

The Confucius Institute at the University of the Philippines and the Learning and Development Office of the Philippine Immigration Bureau jointly organized the 2026 Year of the Horse New Year celebration in the Clark Freeport Zone. Photo courtesy of the Confucius Institute at the University of the Philippines

People's Daily Online, Manila, February 23 (Reporter Fan Fan) Recently, the Confucius Institute at the University of the Philippines and the Learning and Development Office of the Philippine Immigration Bureau jointly held the 2026 Year of the Horse New Year celebration in the Clark Freeport Zone. With the theme of "Working Together to Create Prosperity", this event aims to celebrate the New Year together through colorful cultural displays and interactive experiences, connect Chinese course partners, and deepen the traditional friendship between the people of China and the Philippines.

Magnanye, deputy director of the Learning and Development Division of the Philippine Immigration Bureau, delivered an opening speech. He focused on reviewing the long history of cooperation between the Confucius Institute at the University of the Philippines and the Immigration Bureau, spoke highly of the outstanding role of the Chinese courses of the Confucius Institute in improving the multilingual ability of front-line staff of the Immigration Bureau, and expressed his gratitude to the Confucius Institute at the University of the Philippines.

Dr. Chen Lu, Philippine Director of the Confucius Institute at the University of the Philippines, said in her speech that the Spring Festival is not only the most important traditional festival of the Chinese nation, but also a bond connecting the people of China and the Philippines. This celebration is a vivid embodiment of the two sides’ vision of “shared prosperity.”

As the volunteer teachers of the Confucius Institute at the University of the Philippines extended New Year greetings to the attendees, the performance of the event officially began. This event not only prepared cultural performances such as singing and martial arts, but also set up cultural experience areas such as calligraphy, paper-cutting, weaving, Hanfu, and tea art, allowing guests to experience Chinese culture up close.

Volunteer teachers from the Confucius Institute at the University of the Philippines extended New Year greetings to those present. Photo courtesy of the Confucius Institute at the University of the Philippines

This New Year celebration is not only a cultural exchange, but also the epitome of the long-term cooperation between the Confucius Institute at the University of the Philippines and the Philippine Immigration Bureau. This is the fourth customized training that the two parties have cooperated with since 2018, which fully reflects the positive role of the "Chinese+" curriculum system in serving the local needs of the Philippines and improving the quality of public services.

Staff of the Immigration Bureau of the Fakla Free Port Zone experience the folk art of paper-cutting in front of the Chinese culture booth. Photo courtesy of the Confucius Institute at the University of the Philippines

Staff of the Immigration Bureau of the Fakla Freeport Zone try on traditional Chinese costumes and take photos. Photo courtesy of the Confucius Institute at the University of the Philippines

Puerto Vallarta, also a city on the West Coast and a popular Mexican tourist city among Los Angeles residents, was plunged into unprecedented chaos and flames on Sunday.

In the early hours of Sunday morning, Mexican federal troops successfully killed Nemesio Rubén Oseguera Cervantes, the long-time leader of the Jalisco New Generation Cartel (CJNG), nicknamed "El Mencho", in the remote town of Tapalpa in the state. Mencho), the drug cartel launched large-scale retaliatory actions in many places across the country, including setting fire to vehicles, setting up roadblocks, street shootouts and riots, resulting in a large number of tourists being stranded, flight cancellations and traffic paralysis.

It is understood that the CIA provided intelligence to the Mexican army, which enabled the Mexican army to successfully "behead" drug lords. Local gangs regard American tourists as their enemies. The U.S. Embassy in Mexico urges American citizens to take shelter in place, minimize unnecessary travel, and avoid areas with frequent law enforcement activities.

Senator Bernie Moreno said on social media: Mexican narco-terrorists are "hunting American citizens" in Puerto Vallarta. “Drug cartels should know that if any U.S. citizen is harmed in Mexico, the United States will retaliate violently and lethally.”

action

Killed the drug lord of the century

According to an official statement from the Mexican Defense Ministry (Secretariat of National Defense), in the early hours of Sunday morning, military special forces carried out a targeted operation in the town of Tapalpa aimed at arresting the drug lord who has been wanted by the international community for many years. A fierce exchange of fire broke out during the operation, and "El Mencho" was seriously injured and died while being airlifted to Mexico City.

The Ministry of Defense confirmed that the operation also resulted in the death of several cartel members on the spot and the seizure of heavy weapons including rocket launchers. The cartel is considered one of Mexico's most powerful and violent drug trafficking organizations, primarily responsible for large-scale smuggling of fentanyl, methamphetamine and cocaine into the United States, as well as involvement in extortion, fuel theft and other areas.

"El Mencho" is 59 years old. He is a former policeman who has led the CJNG for many years. The US State Department has placed a reward of US$15 million on him. The group was known for its extreme violence, and its death was seen as a major victory for the Mexican government in its fight against drug cartels. Especially in the context of the Trump administration's continued pressure on Mexico to strengthen border drug controls, the United States quickly praised the operation as "significant progress."

In a statement late Sunday, U.S. Ambassador to Mexico Ron Johnson acknowledged the victory achieved by Mexico's armed forces and their sacrifices. He said that under the leadership of Trump and Scheinbaum, "bilateral cooperation has reached an unprecedented level."

revenge

nationwide riots

However, this victory quickly turned into a national crisis. In retaliatory response from the CJNG, suspected cartel members launched "narco-blockades" tactics in Jalisco and several other states: burning buses, private cars, and trucks, blocking major highways, and creating chaos to hinder the movement of troops.

Videos circulating on social media showed that many buses and cars were burning on the streets of Puerto Vallarta, with black smoke billowing and covering the sky; passengers at Guadalajara International Airport fled in panic, with some people lying on the ground to take cover, and others rushing to take cover behind the counter;

Thick smoke was also seen near the airport's runway, and pictures showed a burned aircraft. Similar scenes also occurred in Guanajuato, Michoacán, Colima, Tamaulipas, Aguascalientes and other states, with at least six states reporting roadblocks and arson incidents.

warn

American tourists evacuate immediately

Puerto Vallarta, a popular tourist destination, came to a complete standstill on Sunday. Residents and visitors reported acrid smoke billowing over the city, and there were concerns the smoke could contain toxins. All public transportation was suspended, shops were closed, and hotels advised guests to stay indoors.

Many stranded American tourists asked for help on social platforms: One Facebook user said that his daughter was staying in an Airbnb and the entire town was blocked. She is currently safe but the "situation is very scary"; another Instagram post described tourists vacationing in a Palma villa as "black smoke everywhere, flights canceled, nowhere to go, and the smell of smoke on the beach is too heavy." Reddit users revealed that all flights planned to Puerto Vallarta were suspended indefinitely, and some people had made an emergency U-turn home while waiting at the airport.

A widely circulated Instagram video showed dozens of Canadian tourists trapped on the roof of a hotel, overlooking burning vehicles and chaotic crowds on the streets. Global Affairs Canada has issued a high-risk travel warning, urging citizens to avoid non-essential travel and recommending shelter-in-place in Puerto Vallarta.

The U.S. State Department quickly issued a security alert to U.S. citizens stranded in the area, warning to "shelter in place, avoid crowds, and minimize travel." The alert covered Jalisco (including Puerto Vallarta, Guadalajara, and Chapala), parts of Tamaulipas, as well as Michoacán, Guerrero, and Nuevo Leon. Many airlines, including Air Canada, United, and Delta, have announced the suspension or cancellation of flights to Puerto Vallarta.

Texas Governor Greg Abbott ordered the Texas Highway Patrol, Texas Rangers and the Division of Criminal Investigation to monitor the border to prevent violent clashes between Mexican authorities and drug cartels from "spreading" into the United States.

governor

Entering "red alert" status

Jalisco Governor Pablo Lemus Navarro announced on the “Federal forces carried out an operation in Tapalpa a few hours ago, leading to clashes in the area.

In addition, as a result of this operation, vehicles were burned and blocked in several locations in the region and other parts of Jalisco to hinder the movement of the authorities,” the governor said, calling on people to stay at home until the situation stabilizes.

Mexico's Federal Ministry of Security emphasized that it is making every effort to restore order and that "the top priority is to ensure the safety and protection of citizens." However, the situation is not good. Twenty-five members of the Mexican National Guard were killed in six separate attacks after special forces killed the notorious leader of the Jalisco New Generation drug cartel, Mexico's security minister said on Monday.

Mexican President Claudia Sheinbaum called for calm as authorities said more than 250 drug cartel roadblocks in 20 states had been cleared as of Monday.

Tourist areas like Puerto Vallarta, which should be paradises of tranquility, are now shrouded in black smoke and fear. Experts are worried that plans to host some of the 2026 World Cup events in Jalisco may face safety risks if they cannot be calmed down quickly.

So far, the chaos is still continuing, with reinforcements from Mexican federal troops arriving and airports and roads being gradually cleared.

Securities code: 603279 Securities abbreviation: Jingjin Equipment Announcement number: 2026-003

The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

In order to actively implement the investor-oriented concept, respond to the call of the Shanghai Stock Exchange, and promote the company's high-quality development and investment value enhancement, Jingjin Equipment Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Jingjin Equipment Co., Ltd. 2024 "Improving Quality, Efficiency and Emphasis on Return" Action Plan Annual Evaluation Report and 2025 "Improving Quality, Efficiency and Emphasis on Return" Action Plan on the website of the Shanghai Stock Exchange on August 27, 2025 (Announcement Number: 2025-023). Since the release of the 2025 “Improving Quality, Increasing Efficiency and Focusing on Returns” action plan (hereinafter referred to as the “Action Plan”), the company has actively carried out and implemented relevant work. The company held the third (temporary) meeting of the fifth board of directors on February 25, 2026, and reviewed and approved the "Proposal on the Semi-annual Evaluation Report of the Company's 2025 "Improving Quality, Efficiency, and Focus on Returns" Action Plan. The implementation progress and evaluation status of the action plan are now reported as follows.

1. Focus on strengthening the main business and improving the quality of operations

The company has always adhered to the business philosophy of "precision, innovation, integrity and responsibility", centered on the company's development strategy, actively responded to market changes, promoted technological innovation and product upgrades, strived to develop the supporting equipment market, and strengthened operational management. Although operating income and net profit have declined, the overall operation has remained stable. In the first three quarters of 2025, the company's operating income was 4.200 billion yuan, a year-on-year decrease of 10.70%. The net profit attributable to shareholders of listed companies was 435 million yuan, a year-on-year decrease of 34.53%. The net cash flow generated from operating activities was 658 million yuan, a year-on-year increase of 11.73%.

The company has always focused on strengthening its main business, constantly enriching the types of complete sets of filtration equipment, continuing to meet the needs of users, and creating greater value for customers. The complete set of filtration equipment produced by the company includes various filter presses, thickeners, energy-saving feed plunger pumps, prefabricated substations, MVR evaporators, multi-effect evaporators, reaction kettles, pressure vessels, belt concentrators, mixers, Snail stacking concentrator, snail stacking dehydrator, automatic dosing machine, dosing online intelligent analyzer, belt conveyor, screw conveyor, scraper conveyor, bucket elevator, filter cake crusher, vehicle-mounted skid-mounted mobile sludge does not fall to the ground Complete sets of equipment, lime silos, flotation machines, U-shaped mixers, clarifiers, garbage sorting vibrating screens, cage screens, leaf filters, low-temperature dryers, sludge silos, high-efficiency fine particle classification screens, TPS sorters, static mixers, impurity removal machines, steel structure platforms, steel structure supports, anti-corrosion tanks, dissolving tanks, mixing tanks and other complete sets of equipment are widely used in environmental protection, mining, chemical industry, new energy, new materials, biology, food, medicine, health care products and other fields. The technical level of the company's products continues to improve, and the industrialization of complete sets of equipment continues to advance, providing support for the company's sustainable development and strategic transformation.

The company actively promotes project construction. On December 20, 2023, the company's board of directors reviewed and approved the "Proposal on Investment and Construction of the Second Phase Project of Industrialization of Complete Filtration Equipment". In order to further expand production capacity, the company built the second phase of the filtration equipment industrialization project and won the land use rights for the project on December 24, 2023. At present, the project has been partially put into production.

2. Pay attention to shareholder returns and share development dividends

In order to further standardize and improve the company's profit distribution policy, establish a scientific, sustainable and stable shareholder return mechanism, and safeguard the legitimate rights and interests of small and medium-sized shareholders, the company has formulated the "Company's Shareholder Dividend Return Plan for the Next Three Years (2025-2027)" based on the company's strategic planning, profitability, shareholder returns, external market environment and other comprehensive factors.

In order to increase investor returns and share operating results, the company has implemented and completed the annual profit distribution plan for 2024 and the profit distribution plan for the first three quarters of 2025 based on actual conditions. In May 2025, based on the company's total share capital of 576,457,000 shares before the implementation of the 2024 annual profit distribution plan, the company distributed a cash dividend of 0.40 yuan (tax included) per share, for a total cash dividend of 230,582,800 yuan (tax included). In December 2025, based on the company's total share capital of 576,373,000 shares before the implementation of the profit distribution plan for the first three quarters of 2025 and after excluding the repurchase and cancellation of restricted stocks, the company distributed a cash dividend of 0.50 yuan (tax included) per share, with a total cash dividend of 288,186,500 yuan (tax included).

Since its listing in 2019, the company has distributed a total of 3.183 billion yuan in cash dividends to reward shareholders with practical actions, build long-term investment value with investors, and share the results of corporate development.

3. Adhere to innovation-driven and enhance product competitiveness

The company implements an innovation-driven strategy, insists on promoting technological innovation, improves the company's innovation capabilities, and leads development with innovation. The company's technology research and development and innovation system continues to improve, and the company's product categories continue to enrich, promoting the iteration, optimization and upgrading of products and technologies. The company's product technology level continues to improve, and the industrialization of complete sets of equipment continues to advance, which can meet customers' personalized and integrated product development needs, providing support for the company's sustainable development and strategic transformation.

The national standard "Chemical Equipment Safety Management Specifications" that the company participated in drafting will be implemented on June 1, 2025, and the drafted industry standard "Screw Press Filter" will be released and implemented in 2025. In 2025, the company has obtained 23 authorized domestic patents and 2 international invention patents. Under the guidance of innovation, the company's complete sets of equipment have been continuously expanded in applications in mining, environmental protection, new energy, new materials, chemical industry and other fields, which not only promotes the stable development of the company's existing business, but also provides good technical reserves and support for the company's future sustainable development.

4. Strengthen investor communication and convey company value

The company attaches great importance to investor relations management and performs its information disclosure obligations in strict accordance with the provisions of laws and regulations such as the Company Law and the Securities Law, as well as the regulatory requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange. In 2025, the company issued a total of 6 regular reports (including annual reports and semi-annual report summaries) and 45 temporary announcements, fully disclosing information such as the company's main business development, system revisions, equity distribution, and equity incentives.

The company continues to pay attention to the needs of investors, continues to improve the multi-level investor interaction and communication mechanism, continuously expands the breadth and depth of communication with the capital market, responds to investor concerns through multiple channels, deepens investors' understanding of the company's production and operations, and better conveys the company's investment value. In 2025, the company strictly complied with regulatory requirements and organized multiple performance briefings such as the 2024 and first quarter 2025 performance briefing, the 2025 half-year performance briefing, and the third quarter 2025 performance briefing. It fully communicated on the company's operations, financial status, development strategy and other issues that investors were concerned about, actively conveyed the company's investment value, enhanced the market's understanding of the company, and enhanced investors' confidence in the company's future development.

The company pays attention to diversified communication with investors, strengthens communication with small and medium-sized shareholders, and maintains communication with small and medium-sized investors through various methods such as the company's investor hotline, email, and SSE e-interactive. During working hours, it ensures that the investor hotline is answered in a timely manner and investors' questions are promptly answered on the SSE E-interactive platform. At the same time, the company attaches great importance to investor feedback, carefully listens to and records investor feedback in daily communications with investors, collects investor suggestions and demands, and promptly communicates them to the company's management. It fully considers investors' opinions and suggestions and strives to improve related work.

5. Improve governance mechanisms and adhere to standardized operations

The company actively implements the reform measures of the board of supervisors, further improves the governance mechanism of listed companies, improves the governance system, and clarifies the division of powers and responsibilities between the shareholders' meeting, the board of directors and the operating management. It no longer establishes a board of supervisors and supervisors, and the audit committee of the company's board of directors exercises the powers of the board of supervisors stipulated in the Company Law.

The company further improved its governance structure, renamed the Strategy Committee of the Board of Directors as the Strategy and ESG Committee of the Board of Directors, and adjusted the responsibilities of the Strategy and ESG Committee of the Board of Directors. The company strictly complies with the requirements of laws, regulations and normative documents such as the "Company Law" to complete the election of the fifth board of directors and senior managers, improve the diversity of the board of directors, and provide guarantee for the company's scientific decision-making.

In accordance with the provisions of relevant laws, regulations and normative documents, and in combination with the company's actual situation, the company has systematically formulated and revised systems such as the "Company Public Opinion Management System", "Company Directors and Senior Management Resignation Management System", "Company Articles of Association", "Company Rules of Procedure for Shareholders' Meetings", "Company's Rules of Procedure for Board of Directors", etc., further improving the company's system construction and promoting the company's standardized operations.

The company convenes shareholders' meetings, board of directors, board of supervisors and various special meetings in accordance with regulations. In 2025, the company held a total of 3 shareholders' meetings, 10 board of directors meetings, 6 board of supervisors meetings, and a total of 16 meetings of special committees of the board of directors to conduct demonstrations and perform review procedures on major matters such as regular reports, profit distribution, lifting of restrictions on equity incentives, cancellation of the board of supervisors, general elections, and revision of the "Articles of Association".

6. Strengthen the responsibility of “key minority” and promote high-quality development of the company

In accordance with the relevant provisions of the Company Law, the Measures for the Administration of Independent Directors of Listed Companies, the Shanghai Stock Exchange Stock Listing Rules and other laws, regulations and normative documents, the company continues to strengthen the normative awareness and responsibility awareness of the "key minority", strengthens the study of relevant laws and regulations in the securities market, improves the ability to perform duties, and promotes the company's long-term stable development. In 2025, the company organized "key minority" personnel to actively participate in training on compliance management of listed companies organized by the Shanghai Stock Exchange, Shandong Association of Listed Companies and other institutions to keep abreast of regulatory developments, systematically study securities regulatory laws, policies and typical cases, and improve governance decision-making and risk prevention and control.

7. Other matters

The company will focus on its main responsibilities and businesses, strive to improve its operation and management level, and continuously enhance its core competitiveness, profitability and risk management capabilities. Through good performance and standardized corporate governance, we will effectively fulfill the responsibilities and obligations of listed companies, return the trust of investors, maintain a good market image, and promote the stable and healthy development of the capital market.

The forward-looking statements of the company's plans and development strategies involved in this report do not constitute the company's substantive commitment to investors. Investors are advised to pay attention to the relevant risks.

Announcement is hereby made.

Board of Directors of Jingjin Equipment Co., Ltd.

February 26, 2026

1. The nominee has passed the qualification review of the Nomination Committee of the fourth session of the Board of Directors of Yidian Tianxia Network Technology Co., Ltd., and the nominator and the nominee do not have any interest or other close relationship that may affect the independent performance of duties.

RYes No

If no, please explain in detail: ____________________________

2. The nominee is not prohibited from serving as a director of the company under Article 178 of the Company Law of the People's Republic of China.

RYes No

If no, please explain in detail: ____________________________

3. The nominee meets the qualifications and conditions for independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies" of the China Securities Regulatory Commission and the business rules of the Shenzhen Stock Exchange.

RYes No

If no, please explain in detail: ____________________________

4. The nominee meets the conditions for serving as an independent director as stipulated in the company's articles of association.

RYes No

If no, please explain in detail: ____________________________

5. The nominee has participated in training and obtained relevant training certification materials recognized by the stock exchange (if any).

Yes RNo

If not, please explain in detail: The nominee has made a written commitment to participate in the latest independent director training and obtain an independent director training certificate recognized by the Shenzhen Stock Exchange.

6. The nominee’s appointment as an independent director will not violate the relevant provisions of the Civil Servant Law of the People’s Republic of China.

RYes No

If no, please explain in detail: ____________________________

7. The nominee's appointment as an independent director will not violate the relevant provisions of the Central Commission for Discipline Inspection of the Communist Party of China's "Notice on Regulating Central Management Cadres to Resign from Public Office or Serve as Independent Directors and Independent Supervisors of Listed Companies and Fund Management Companies after Retirement".

RYes No

If no, please explain in detail: ____________________________

8. The appointment of the nominee as an independent director will not violate the relevant regulations of the Organization Department of the Central Committee of the Communist Party of China on the "Opinions on Further Regulating Part-time Work (Serving) of Party and Government Leading Cadres in Enterprises".

RYes No

If no, please explain in detail: ____________________________

9. The nominee's appointment as an independent director will not violate the relevant provisions of the "Opinions on Strengthening the Anti-corruption and Integrity Construction in Colleges and Universities" issued by the Central Commission for Discipline Inspection of the Communist Party of China, the Ministry of Education, and the Ministry of Supervision.

RYes No

If no, please explain in detail: ____________________________

10. The nominee's appointment as an independent director will not violate the relevant provisions of the People's Bank of China's "Guidelines for the System of Independent Directors and External Supervisors of Joint-stock Commercial Banks".

RYes No

If no, please explain in detail: ____________________________

11. The nominee's appointment as an independent director will not violate the relevant provisions of the China Securities Regulatory Commission's "Measures for the Supervision and Administration of Directors, Supervisors, Senior Managers and Practitioners of Securities Fund Operating Institutions".

RYes No

If no, please explain in detail: ____________________________

12. The nominee's appointment as an independent director will not violate the relevant provisions of the "Measures for the Administration of Qualifications of Directors (Governors) and Senior Managers of Banking Financial Institutions".

RYes No

If no, please explain in detail: ____________________________

13. The nominee's appointment as an independent director will not violate the relevant provisions of the "Regulations on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies" and the "Regulations on the Management of Independent Directors of Insurance Institutions".

RYes No

If no, please explain in detail: ____________________________

14. The nominee’s appointment as an independent director will not violate other laws, administrative regulations, departmental rules, normative documents, Shenzhen Stock Exchange business rules and other relevant provisions on the qualifications of independent directors.

RYes No

If no, please explain in detail: ____________________________

15. The nominee has basic knowledge related to the operation of listed companies, is familiar with relevant laws, administrative regulations, departmental rules, normative documents and Shenzhen Stock Exchange business rules, and has more than five years of legal, economic, management, accounting, financial or other work experience necessary to perform the duties of an independent director.

RYes No

If no, please explain in detail: ____________________________

16. If nominated as an accounting professional, the nominee must at least have the qualification of a certified public accountant, or have a senior professional title, associate professor or above, or a doctoral degree in accounting, auditing or financial management, or have a senior professional title in economic management and have more than five years of full-time work experience in accounting, auditing or financial management and other professional positions.

Yes No R Not applicable

If no, please explain in detail: ____________________________

17. Neither the nominee nor his immediate family members or major social relations work in the company or its affiliated enterprises.

RYes No

If no, please explain in detail: ____________________________

18. The nominee and his immediate family members are not shareholders who directly or indirectly hold more than 1% of the company's issued shares, nor are they natural person shareholders among the top ten shareholders of the listed company.

RYes No

If no, please explain in detail: ____________________________

19. The nominee and his immediate family members do not hold positions among shareholders who directly or indirectly hold more than 5% of the company’s issued shares, nor do they hold positions among the top five shareholders of the listed company.

RYes No

If no, please explain in detail: ____________________________

20. The nominee and his immediate family members do not work in affiliated companies of the company’s controlling shareholder or actual controller.

RYes No

If no, please explain in detail: ____________________________

21. The nominee is not a person who provides financial, legal, consulting, sponsorship and other services to the company, its controlling shareholders, actual controllers or their respective affiliated enterprises, including but not limited to all project team members of the intermediary agencies that provide services, reviewers at all levels, persons who signed the report, partners, directors, senior managers and principal persons in charge.

RYes No

If no, please explain in detail: ____________________________

22. The nominee does not have any major business dealings with the listed company, its controlling shareholders, actual controllers, or their respective subsidiaries, nor does he hold a position in any unit or its controlling shareholder or actual controller that has any significant business dealings.

RYes No

If no, please explain in detail: ____________________________

23. The nominee does not have any of the conditions listed in items 17 to 22 in the last twelve months.

RYes No

If no, please explain in detail: ____________________________

24. The nominee is not a person who has been banned from the securities market by the China Securities Regulatory Commission and is prohibited from serving as a director or senior manager of a listed company, and the period has not yet expired.

RYes No

If no, please explain in detail: ____________________________

25. The nominee is not a person who has been publicly determined by the securities exchange to be unfit to serve as a director or senior manager of a listed company and whose term has not yet expired.

RYes No

If no, please explain in detail: ____________________________

26. The nominee is not a person who has been criminally punished by judicial authorities or administratively punished by the China Securities Regulatory Commission due to securities and futures crimes in the past 36 months.

RYes No

If no, please explain in detail: ____________________________

27. The nominee is not a person who has been investigated by the China Securities Regulatory Commission or judicial authorities for suspected securities and futures crimes, and no clear conclusion has been reached.

RYes No

If no, please explain in detail: ____________________________

28. The nominee has not been publicly condemned by the stock exchange or criticized more than three times in the past 36 months.

RYes No

If no, please explain in detail: ____________________________

29. The nominee has no bad records such as major breach of trust.

RYes No

If no, please explain in detail: ____________________________

30. The nominee is not an independent director who has been dismissed by the board of directors at the shareholders' meeting for two consecutive times and failed to attend in person or entrust other directors to attend board meetings for less than 12 months.

RYes No

If no, please explain in detail: ____________________________

31. Including the companies nominated this time, the number of domestic listed companies for which the nominee serves as independent director shall not exceed three.

RYes No

If no, please explain in detail: ____________________________

32. The nominee has served as an independent director in the company for less than six consecutive years.

RYes No

If no, please explain in detail: ____________________________

The nominator solemnly promises:

1. The nominator guarantees that the above statement is true, accurate and complete, and contains no false records, misleading statements or major omissions; otherwise, the nominator is willing to bear the legal liability arising therefrom and accept the self-regulatory measures or disciplinary sanctions of the Shenzhen Stock Exchange.

2. The nominator authorizes the secretary of the company's board of directors to enter and submit the contents of this statement to the Shenzhen Stock Exchange through the GEM business area of ​​the Shenzhen Stock Exchange or to make public announcements. The above actions of the secretary of the board of directors are deemed to be the actions of the nominator, and the nominator shall bear the corresponding legal responsibility.

3. During the period when the nominee serves as an independent director, if any circumstances arise that do not meet the requirements for independence and the qualifications for serving as an independent director, the nominee will promptly report to the company's board of directors and urge the nominee to immediately resign as an independent director.

Nominator (signature/seal): Board of Directors of Yidiantianxia Network Technology Co., Ltd.

February 26, 2026

Another company on the autonomous driving track is rushing to the capital market. Shanghai BoLei Intelligent Technology Co., Ltd. (hereinafter referred to as "BoLei Technology") recently officially submitted its report to the Hong Kong Stock Exchange. Its revenue increased from 69.565 million yuan in 2023 to 171 million yuan in 2024, and then to 315 million yuan in the first three quarters of last year, a year-on-year increase of more than 800%. Based on shipments and revenue in 2024, Boradium Technology is the world's largest provider of pure electric autonomous driving mining cards.

Behind the impressive growth rate is serious customer dependence. In the first three quarters of last year, the single largest customer contributed as much as 65% of revenue, and the top five customers accounted for 97.7% of revenue. Bolei Technology chose its own mining truck brand to cover the market, promoted the increase in average selling price through product structure upgrades, and tried to break through the narrow door of expanding losses. Binding the mining giant is the driving force for Boonlei Technology to take off, and it is also the Sword of Damocles hanging overhead. This experiment on the commercialization of autonomous driving is reaching its climax with the submission of the prospectus.

Private brand model

In order to emphasize the characteristics of its own business or its advantages in a certain field, companies preparing to go public often add some attributive words before the industry they are in. Bolei Technology, which recently submitted a report, describes itself this way: "According to data from Chiushi Consulting, we are the world's largest provider of electric driverless mining trucks in terms of shipments and revenue in 2024, and are the first company in China to launch its own brand of self-driving mining trucks and achieve mass production."

According to the prospectus, BoLei Technology’s flagship BoLei Electric Bull brand has launched a series of models developed in cooperation with OEMs (original equipment manufacturers) and will be launched on the market in 2023.

The sale of pure electric self-driving mining trucks is BoLei Technology’s main business, intelligent vehicles. According to information from Chishi Consulting, among self-driving mining card solution providers, BoLei Technology is the only supplier in the industry with independent production facilities. It is also the exclusive provider of integrated charging and swapping mining cards.

The smart car business mainly obtains revenue in three ways. In addition to directly selling vehicles to end customers, it also includes selling vehicles to leasing companies and selling autonomous driving solutions including iDrive autonomous driving systems. Based on the results disclosed in the prospectus for 2023, 2024 and the first three quarters of last year, the smart car business revenue was 57.887 million yuan, 149 million yuan, and 291 million yuan respectively, accounting for 83.2%, 87.2%, and 92.4% of the revenue respectively.

Compared with the first three quarters of 2024, the number of self-driving mining trucks sold by Borei Technology in the first three quarters of last year increased from 0 to 136. This has also become the main reason why the smart car business revenue increased by 1298.6% year-on-year. Regarding the model proportion of the 136 mining trucks and the operating reasons for adopting its own brand model, a reporter from Beijing Business Daily interviewed Bolei Technology through official channels, but the other party had not responded as of press time.

However, Borei Technology stated in its prospectus that the company hired third-party suppliers to provide parts and components required for product manufacturing, and also cooperated with contract manufacturers, who were responsible for the manufacturing, assembly and testing of vehicles and other products. At the same time, it is mentioned in the risk factors section that "the company's reliance on third-party suppliers to manufacture, assemble and test our products will weaken our control over product quantity and quality and may harm our business."

Speaking of this combination, Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, told a reporter from the Beijing Business Daily that what the company calls "independent production facilities" usually refers to the key links of the core integration of the autonomous driving system, sensor calibration, and joint debugging of software and hardware. Acknowledging dependence on third parties is to reveal to investors the objective risks of supply chain disruption, and also to draw the line of responsibility between technical solutions and hardware manufacturing.

The average price of mining cards will fall

As the core equipment responsible for mining transportation tasks, self-driving mining trucks are the starting point for promoting mine automation. Together with excavation, mining and loading, energy replenishment and other links, they form a full operation chain. In the entire chain, Bolei Technology is not limited to selling cars.

The prospectus shows that Bolei Technology’s business landscape consists of three sectors: smart cars, smart mines and smart transportation. Smart Mining Solutions is positioned as a general contracting service provider for the whole mine technology, providing integrated solutions covering loading, transportation, unloading, and energy supply. Revenue comes from the overall solution package, including equipment sales, installation and commissioning, and operation and maintenance service fees. The smart transportation business provides unmanned transportation services for mines, and revenue comes from ongoing operating service fees collected on a monthly basis.

Returning to the core smart car sector, an irreversible industry trend is taking shape: downward pressure on the average price of mining trucks.

According to information from Chishi Consulting, the average price of ordinary mining cards in 2024 will be approximately 1.5 million yuan. As technology iteratively upgrades and manufacturing costs continue to decline due to economies of scale, the average price of mining cards is expected to show a steady downward trend over time.

The main cost of the autonomous driving kit is autonomous driving sensors including lidar, millimeter wave radar, etc. According to industry estimates, the unit price of lidar (a key sensor used for target detection and identification in level 4 autonomous vehicles) is expected to drop by approximately 30% from 2024 to 2030.

Faced with the trend of price cuts, Borei Technology provided a hedging strategy of using "large" to offset "lower" in its prospectus.

When interpreting the increase in smart car business revenue, BoLei Technology said, "We have strategically shifted our sales mix to higher-tonnage and higher-value mining card models, such as the BoLei Electric Niu 145 mining card. Compared with the more common BoLei Electric Niu 105 model in 2023, this model has a higher average selling price."

In short, although the average price of mining trucks is declining, the company is trying to increase the overall unit price by selling flagship models with larger loads and higher configurations. Compared with the 105-ton mining truck, the 145-ton mining truck is not only an increase in load capacity, but also a comprehensive upgrade in battery capacity, wire-controlled chassis complexity, and autonomous driving computing power requirements. This "upward breakthrough" in product structure is Bolei Technology's means to maintain high revenue growth and stable gross profit margin in the downward cycle of industry average prices.

However, overall, the smart car business with the largest revenue contribution is not the sector with the highest gross profit margin. In the first nine months of 2025, the gross profit margins of the smart car, smart mining and smart transportation businesses were 16.1%, 48.9% and 3.6% respectively.

Revenue from the largest customer accounts for 65%

An episode is that when Bolei Technology was founded, it did not directly target the autonomous driving mining truck track. In 2015, Boradium Technology established a limited liability company in Zhangjiang, Shanghai, and launched an intelligent inspection system for photovoltaic power stations. In 2018, it cooperated with molybdenum and tungsten manufacturers to build China's first electric self-driving mining truck fleet. In 2020, it will build an unmanned mining truck production base with its partners.

The customers of Bolei Technology are mainly mining service companies, mine owners, mining truck OEMs and leasing companies. According to the prospectus, the company has received orders for over a thousand self-driving mining trucks from leading mining service companies. In 2023, 2024 and the first three quarters of 2025, the revenue from the five largest customers was 63.6 million yuan, 164 million yuan and 308 million yuan respectively, accounting for 91.5%, 96.1% and 97.7% of the total revenue respectively. The revenue proportions of the largest customers were 70.4%, 37.9% and 65% respectively.

In the risk factors section, Bolei Technology also mentioned its reliance on large customers, saying, "Given the nature of our business, the majority of our annual revenue comes from a small number of customers."

Angel investor Guo Tao told a reporter from the Beijing Business Daily, "In the short term, large customers can bring stable orders and revenue and help companies quickly ramp up production, but over-reliance will lead to a weakening of bargaining power. If customers reduce purchases or change cooperation, it will directly impact revenue. However, the core risk of a company's development depends more on the match between technology iteration capabilities and industry demand. If mining truck autonomous driving technology is subverted, or mining intelligent transformation progress is not as expected, even if customers are dispersed, companies may still face a survival crisis."

Whether it is purely electric or focusing on its own brand of mining trucks, Bolei Technology has not yet perfected its business model. The company's adjusted net losses in 2023 and 2024 were 32.281 million yuan and 60.428 million yuan respectively. In the first three quarters of last year, the figures were 53.304 million yuan, a year-on-year expansion of 17.9%.

Shopping software "cut off"

It’s a gameplay that many people are familiar with

But have you ever seen the "dating version with a knife"?

Many people have been deceived in Shanghai!

77 suspects were detained by the police!

The reporter, 60-year-old Liu, said that he often felt lonely after retirement and downloaded a dating app. "She took the initiative in the software. She said she could meet the handsome guy and have a long-term relationship with him for dinner."

After only chatting for a few minutes, the software prompted that you need to pay to unlock the chat function. You can get 180 gold coins by recharging 16 yuan.

After paying with gold coins, it is equivalent to 0.4 yuan for a text message and 8.8 yuan for a one-minute video call. Whenever two people chat about key information such as mobile phone numbers and addresses, the system will automatically black out and prompt "insufficient intimacy", with the intimacy level always stopping at 99%.

Old man Liu kept recharging money, sometimes several thousand yuan at a time. It was not until more than half a month later that he discovered that the photo and information of the person he was chatting with online were actually changed to another person. Old man Liu slowly realized that this was a fraud.

Another victim, Mr. Zhang, recharged more than 40,000 yuan in a month. After finally getting the contact information of the other party and uninstalling the software as required, he found that WeChat could never pass the verification.

Mr. Zhang, the person who reported the case, said: I feel like I have been deceived by others at such an old age. I can’t keep my old face, and the software has been deleted. Now it is very difficult to dig out the evidence.

After receiving reports from multiple victims, the Shanghai police deployed multiple forces and arrested 77 suspects in Guangdong, Chongqing and other places. After investigation, it was found that the gang used dating advertisements on the Internet to attract traffic, and tailored their words and scripts according to different victims.

The criminal suspect Zhu admitted that the gang gave them tricks to chat with the victims and then asked for gifts to make money.

Most of the "female netizens" with soft voices encountered by victims are men pretending to be online chatters.

The amount involved in the case amounted to more than 8 million yuan, and 77 suspects have been subject to criminal coercive measures on suspicion of fraud.

The criminal suspect Wu regretted after being arrested: "Actually, my parents also let me do legitimate work in peace and quiet in my hometown."

During the Spring Festival, the Shanghai police discouraged more than 8,000 high-risk potential victims and saved more than 190 million yuan in losses through measures such as payment stops, interceptions, and prevention.

Comprehensive: News Square, Jingchu.com

Recently, McDonald's in Germany launched a much-anticipated Ramadan outdoor advertising campaign: throughout Ramadan, its digital billboards are synchronized with the sun and do not display any food pictures during the day. They only display the classic McDonald's empty packaging box – the red French fries box is empty and the burger box lid is closed; when the sun sets and breaks the fast, the screen is "filled" with food in real time, and French fries and burgers appear instantly, accurately echoing the local prayer time.

The creative, called "Happy Ramadan," was developed by German advertising agency Scholz & Friends and aims to respect the Muslim custom of fasting from sunrise to sunset during Ramadan and avoid "disturbing" or "tempting" fasting people with tempting food images during the day. McDonald's Germany said that this move is not only a marketing innovation, but also a manifestation of cultural consideration – "We choose to display the food at the right time and accompany everyone to break fast when needed."

The event quickly became popular on social media, with many netizens praising it as a brand behavior that "truly understands respect", while others believed it reflected the business wisdom of "doing as the Romans do." Some discussions pointed out that the campaign has won advertising awards and sparked heated discussions in global marketing circles.

Germany has a Muslim population of about 5.5 million. During Ramadan, brands often launch special menus or promotions. However, McDonald's used a combination of technology and timing to transform respect into visual narratives, which can be called one of the most ingenious Ramadan marketing cases in recent years. Designs similar to the "empty box" are already running on digital billboards in Berlin, Hamburg, Munich and other places, and the entire Ramadan will last until mid-March.

A spokesperson for McDonald's Germany said: "We hope this creative idea will make people feel that we not only sell food, but also understand and accompany the community every day."