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Market News: The Director of Russian Intelligence Agency said that Russia is close to achieving all its goals in Ukraine and has the strategic initiative on all fronts.Moody's: The Reserve Bank of Australia may cut interest rates in May next year or ahead of schedule. After the Reserve Bank of Australia issued its December policy interest rate statement, Moody's analyst Harry Murphy Cruise said that the Reserve Bank of Australia may cut interest rates ahead of schedule. The Reserve Bank of Australia did not change its cash interest rate earlier today, but the tone was obviously more moderate. The Committee removed the statement that "no possibility is ruled out" and actually ruled out the possibility of raising interest rates. Australia's potential inflation rate will drop to 3.4% in the fourth quarter of this year, equivalent to an annualized rate of 2.9%. Although this may cause the Reserve Bank of Australia to cut interest rates in February. However, if the annualized inflation rate in the first quarter is lower than 3%, it may not meet the Committee's standard of "sustainable" inflation moving closer to the target range.Lishang Guochao: The controlling shareholder plans to increase its shareholding by 1.00% to 2.00%. Lishang Guochao announced that Yuanming Holdings, the controlling shareholder of the company, plans to increase its shareholding by centralized bidding through the trading system of Shanghai Stock Exchange from the disclosure date of the announcement to November 25, 2025. The number of holdings is not less than 1.00% of the company's current total share capital, namely 7,613,400 shares; Not more than 2.00% of the company's current total share capital, that is, 15,226,700 shares; The total increase in holdings is not higher than 76.13 million yuan. There is no fixed price or price range for the overweight price, and it will be implemented according to the reasonable judgment of the company's stock value and the capital market situation. There may be risks of delayed implementation or failure to complete the plan due to changes in the capital market and other factors.

Market News: South Korea's National Assembly passed the resolution of the special prosecutor to investigate martial law.International Air Transport Association predicts that the global aviation industry will achieve a profit of 36.6 billion US dollars in 2025, higher than 31.5 billion US dollars in 2024.Johnson, Speaker of the US House of Representatives: Trump regards tariffs as a negotiation strategy. It is expected that during Trump's second term, supervision will be relaxed.

FTSE China A50 index futures fell to 3.5%.Scientists in China won the "Guardian of the Earth Award" of the United Nations Environment Programme in 2024. On December 10th, the United Nations Environment Programme (UNEP) announced the winners of the "Guardian of the Earth Award" in recognition of their outstanding contributions in dealing with land degradation, drought and desertification. Six people and projects from China, Brazil, USA, Romania, India and Egypt won prizes. Lu Qi, a scientist from China, won the "Science and Innovation Award" and was the first person from China to win this award category. Lu Qi is the chief scientist of the Chinese Academy of Forestry and the founding president of the Three North Engineering Research Institute. He has played a key role in promoting the implementation of the world's largest afforestation project, establishing a desert ecological research network and partnership, and promoting multilateral cooperation to curb desertification, land degradation and drought.Jabbon Technology: It plans to acquire 51% equity of Sino-German for 408 million yuan. Jabbon Technology announced that it plans to acquire 51% equity of Dongguan Sino-German Etching Technology Co., Ltd. (referred to as "Sino-German") for 408 million yuan. After the transaction is completed, Sinogord will become a holding subsidiary of the company. This transaction does not constitute a connected transaction, nor does it constitute a major asset restructuring.