The latest version of the US NDAA shows that the Biosafety Act is not included. Yangtze Storage stated that it has no intention of 'shell listing'.

The “Science and Technology Innovation Board Daily” reported on December 9th that the main content of today’s Science and Technology Innovation Board Morning Post includes: the General Administration of Radio and Television issued another management reminder to regulate AI “modification” short videos; Zhou Shouzi stated that TikTok will seek a temporary restraining order to block the implementation of the law; Trina Solar terminates the planning of holding subsidiary split listing; Shengyi Electronics plans to invest 1.4 billion in the construction of an intelligent Computing Power center with high-density interconnect circuit board project.

“Kechuang Board Daily” streamer Little K is reporting for you.

【Market Dynamics】

The final protocol text of the US 2025 fiscal year National Defense Authorization Act has been released, and the Biosecurity Act has not been included.

On December 7, 2024, local time in the United States, the Congressional Armed Services Committees of the United States Senate and House of Representatives released the final protocol text of the 2025 National Defense Authorization Act (NDAA), which incorporates proposals from both the House and Senate. The latest version of the NDAA shows that the Biosecurity Act is not included. According to the process, this version must be signed by the President of the United States before it can take effect. Public information shows that the NDAA is an annual bill passed by the U.S. Congress, which authorizes defense budgets and military personnel levels, as well as determines defense policies and priorities.

State Administration of Radio and Television Issues Management Tips to Regulate AI “Magic Modification” Short Videos

The Network Audiovisual Department of the State Administration of Radio, Film and Television issued the “Management Tips (AI Magic Reform)”, pointing out that recently, AI “magic reform” videos have frequently appeared in the classic phenomenon of fake and real and “magic reform”. For example, “The Legend of Zhen Huan” turned into a “gunfight movie”, “Dream of Red Mansions” was changed into a “martial arts scene”, and Sun Wukong rode away on a motorcycle. “Management Tips” believes that these videos are blog traffic, blaspheme classic IP without boundaries, impact traditional cultural cognition, contrary to the spiritual core of the original work, and are suspected of constituting infringement. The “Management Tips” put forward specific management requirements. First of all, the relevant provincial bureaus urged the short video platforms in their jurisdictions to investigate and clean up the short videos of AI “magic reform” film and television dramas, and give feedback on the work on December 10; Second, strictly implement the requirements for the review of generative AI content, draw inferences from one another, conduct self-examination of large models or AI special effects functions developed on their respective platforms, strictly access and monitor all kinds of related technical products used and disseminated on the platform, and make significant reminders for AI-generated content.

Zhou Shouzi: TikTok will seek a temporary restraining order to block the implementation of the law.

The United States Court of Appeals has announced the maintenance of a law that mandates the forced sale of TikTok, which requires ByteDance to sell or divest TikTok’s assets in the United States by January 19, 2025, otherwise TikTok will be banned throughout the United States. The reporter of the Science and Technology Innovation Board Daily learned that Zhang Shouchi, CEO of TikTok, stated in an internal memo that TikTok will seek a temporary restraining order to prevent the implementation of the law. “Our next step is to seek a temporary restraining order against the ban law and await review by the United States Supreme Court.”

Han Xinyi will take over as CEO of Ant Group in March next year, while Jing Xiandong will focus on the role of chairman.

Ant Group’s Chairman and CEO Eric Jing announced to all employees that Ant Group’s President Han Xin will officially take over as Ant Group’s CEO from March 1, 2025, and will be fully responsible for Ant’s various businesses and daily management, reporting to Eric Jing and the board of directors. In the future, Eric Jing will focus on the chairman’s duties and fully support Han Xin and the management team.

【Company Overview】

Yangtze Memory: No intention of “backdoor listing” and no direct business cooperation with listed companies such as Wanrun Technology

Yangtze Memory Technologies released a statement stating that in recent times, multiple media outlets have fabricated, disseminated, and spread untrue rumors about Yangtze Memory Technologies ‘backdoor listing’. To clarify the facts, the company has issued the following statement: 1. Yangtze Memory Technologies has no intention of ‘backdoor listing’. 2. Yangtze Memory Technologies does not have direct business cooperation with listed companies such as ‘Wanrun Technology’. 3. Please urge relevant parties to exercise restraint and immediately cease all false reporting. The company reserves the right to pursue legal responsibility for the relevant parties.

China Software: Holding subsidiary Kirin Software plans to increase capital and expand shares to raise no more than 3 billion yuan.

China Software Announcement, its holding subsidiary Kirin Software plans to increase capital and expand shares to raise funds of no more than 3 billion yuan, of which the company will participate in this capital increase through a non-public protocol, with a subscription amount of no more than 2 billion yuan, and qualified investors selected through on-site trading with a subscription amount of no more than 1 billion yuan. According to the evaluation report, the assessed value of Kirin Software’s total equity is 8.355 billion yuan. After the capital increase is completed, the governance structure of Kirin Software will remain unchanged, and the company will continue to hold and consolidate Kirin Software. The funds raised from this capital increase and share expansion are planned to be used for the development of mobile and fixed integration terminal operating system products, cloud-based server operating system product development, and embedded operating system capability platform construction, etc.

Tianhe Energy: Termination of Planned Spin-Off and Listing of Controlling Subsidiary

Tianhe Energy announced that the company has decided to terminate the listing of its subsidiary, Tianhe Fujia Energy Co., Ltd. The company will transform and upgrade into a provider of integrated solutions for photovoltaics and energy storage smart energy. The distributed system business and operation and maintenance business of Tianhe Fujia will become an important part of the company’s solution development strategy, fully integrated with other product businesses, and provide strong support for the strategic goal of becoming a provider of integrated solutions for photovoltaic smart energy.

Microfly Technology: plans to invest 1.481 billion yuan to build Shanghai high-end semiconductor quality control equipment R&D testing and industrialization project

Zhongke Feice announced that in order to accelerate production capacity planning and industrial layout, the company plans to invest in the construction of the ‘Shanghai High-end Semiconductor Quality Control Equipment R&D Testing and Industrialization Project’ in Pudong New Area, Shanghai. This project will be used for the construction of the high-end semiconductor quality control equipment R&D testing center and industrialization base, with a planned investment scale of 1.481 billion yuan (including land purchase, construction engineering, equipment fees, etc. The final project investment shall be subject to the actual input) and will be implemented by the company’s wholly-owned subsidiary, Feice Sikai Pu.

Shengyi Electronics: plans to invest 1.4 billion yuan to build a smart Computing Power center with high multi-layer high-density interconnect PCB project

Shengyi Electronics announced that the company plans to invest in the existing factory of its Dongguan manufacturing base to build an intelligent Computing Power center with high-density interconnect circuit board project. The investment amount is about 1.4 billion RMB, and it will be implemented in two phases with a total construction period of 6 years. The funds will be sourced from the company’s own funds or self-raised funds. The project plans to produce 250,000 square meters of high-density interconnect printed circuit boards annually, with the first phase targeting 150,000 square meters and the second phase targeting 100,000 square meters. This project is in line with national industrial policies and industry development trends, which will help expand the company’s high-end product capacity, enhance its technological innovation capabilities in the field of intelligent Computing Power, optimize product structure, and improve economic efficiency.

Lingyun Guang: proposed to raise no more than 785 million yuan for the acquisition of 100% equity of JAI A/S

Lingyun Light announced that it plans to issue A shares to specific entities, with a total amount of funds raised not exceeding 785 million yuan, and the net amount of funds raised after deducting the issuance expenses will be invested in the acquisition of 100% equity of JAI A/S. The total number of shares issued to specific entities this time does not exceed 46 million shares (including this number), which is less than 10% of the company’s total share capital before this issuance.

Nuocheng Bio: Signs Strategic Cooperation Intention Letter with US Spray Systems Company

Nuochi Bio announced that the company has recently signed a Strategic Cooperation Letter of Intent with Spray Systems Corporation (SSC) of the United States, reaching a strategic cooperation on the application of electrostatic spray drying technology in the commercial production of polypeptide raw materials. SSC is a leading manufacturer of industrial spray nozzles and automatic spray systems. Its patented PolarDry® technology has the advantages of low temperature and high efficiency drying, maintaining product quality and biological activity. The two parties plan to complete the supply of about 16 devices by the end of 2027, and the company promises to purchase about 16 trap devices during the protocol period.

【Technology Frontier】

The country’s superconducting Quantum Computer ‘Tianyan 504’ with the highest number of qubits released

It was learned from China Telecom Quantum Information Technology Group Co., Ltd. that during the 2024 Digital Technology Ecology Conference held recently, the company officially released the superconducting Quantum Computer “Tianyan 504” with the largest number of bits in a single unit in China, which marks that it has the world’s leading Quantum Computer manufacturing and delivery capabilities.

New breakthrough in hydrogen production equipment, Aerospace Science and Technology Group Institute One releases 2000 standard cubic meters of alkaline electrolysis hydrogen production equipment.

Recently, China Aerospace Science and Technology Corporation achieved a major breakthrough in the field of hydrogen energy, officially releasing the HTJS-ALK-2000/1.6 model alkaline electrolysis hydrogen production equipment, which can meet the wide range of demand in applications such as large chemical industry and new energy. The hydrogen production efficiency and operational stability have reached the industry-leading level. The designed hydrogen production capacity per hour reaches 2000 standard cubic meters, which is twice as efficient as the original product, with a stable hydrogen production range of 800 to 2200 standard cubic meters per hour.

Source: Science and Technology Innovation Board Daily

Author: Science and Technology Innovation Board Daily