Core Viewpoint - *ST Xin Yuan is seeking to avoid delisting risks through a combination of cash donations and debt waivers, as it faces severe financial challenges and operational disruptions [1][2]. Group 1: Financial Support Measures - The company announced that Beijing Sui Rui Xin Yuan Innovation Technology Center and Sui Rui Technology Group plan to donate up to 330 million yuan in cash to support the company in mitigating delisting risks and improving its financial structure [1][5]. - The actual controller, Zhu Yesheng, will waive debts owed by the subsidiary Ningxia Xin Yuan, amounting to no more than 50 million yuan, which is expected to alleviate the company's debt burden [1][5]. Group 2: Current Financial Status and Risks - As of September 30, 2025, the company's net assets attributable to shareholders were -55.02 million yuan, putting it at risk of delisting if the audited net assets remain negative at the end of the fiscal year [2]. - The company reported revenue of 68.43 million yuan for the first three quarters of 2025, and if the audited profit totals or net profits are negative, it could also trigger delisting conditions [2]. Group 3: Bankruptcy Restructuring Efforts - The company is currently undergoing a pre-restructuring process initiated by creditors due to its inability to repay debts, with a focus on finding a suitable investor for restructuring [3][4]. - On December 11, 2025, *ST Xin Yuan signed a restructuring investment agreement with Beijing Sui Rui Xin Yuan Innovation Technology Center, although the company emphasized that this does not guarantee successful delisting avoidance [3][4]. Group 4: Operational Recovery Initiatives - The company has initiated several self-rescue measures, including cash injections, debt waivers, and efforts to resume operations at its subsidiaries, which had been suspended [5][6]. - As of December 22, 2025, the two main subsidiaries have met conditions to resume production, which is expected to positively impact the company's financial indicators [5]. Group 5: Audit and Compliance Changes - Following an unfavorable audit opinion from its previous auditor, the company plans to change its auditing firm to Beijing Dehao International for the 2025 fiscal year, potentially seeking a more favorable audit outcome [6][7]. - The company is also planning to establish two new subsidiaries focused on innovative technology and low-carbon energy to enhance its operational capabilities [7].

格隆汇12月26日丨*ST新元（维权）(300472.SZ)公布，鉴于公司现阶段业务规模不足、经营支撑薄弱， 亟需通过优质业务导入构建稳定的营收来源，以保障公司持续经营能力。根据重整投资人随锐绿技行启 宸联合体提交的重整投资方案，随锐科技集团股份有限公司（简称"随锐科技"）、绿技行（武汉）投资 合伙企业（有限合伙）（简称"绿技行"）将向新元科技注入核心优质业务。为确保相关业务承诺能够合 法合规、高效有序落地，现拟由新元科技和随锐科技、绿技行指定主体分别以共同出资设立子公司的方 式实现相关业务的注入、管理和规范运作。董事会授权公司管理层办理两家新设子公司的工商注册登记 及银行账户的开设等手续。 ...

格隆汇12月26日丨*ST新元（维权）(300472.SZ)公布，为化解公司退市风险，维持公司上市公司地位， 促进公司日常生产经营，公司产业投资人北京随锐新元创新科技中心（有限合伙）及随锐科技集团股份 有限公司拟协调关联方向公司无偿赠与不超过3.3亿元的现金资产。本次赠与以现金资产的形式直接投 入公司，为无附义务、不可变更、不可撤销的赠与行为，公司无需支付对价，无任何附加条件，不附有 任何义务，不会被追索赔偿。 ...

格隆汇12月26日丨*ST新元（维权）(300472.SZ)公布，公司于近日收到实控人朱业胜先生出具的《债务 豁免承诺函》。为减轻公司债务压力，优化资产负债结构，提升公司持续经营能力，朱业胜先生决定豁 免债务，豁免金额不超过0.5亿元，本次债务豁免为债权人作出的单方面、不附带任何条件、不可变 更、不可撤销的豁免行为，具体以相关债权人出具的《债务豁免承诺函》为准。 ...

Core Viewpoint - *ST Xinyuan has resumed production capacity across all six production lines at its Ningxia carbon black plant, with four lines currently operational, while the cracking workshop remains inactive. The company is gradually increasing production capacity based on order conditions, and current operations have returned to normal. Existing orders are expected to sustain production activities for an extended period. Preparations are underway to restore the cracking production line as the workforce increases. The Tianjin subsidiary has also resumed operations, with production lines running in an orderly manner, and is similarly increasing capacity based on orders. The resumption of operations at these subsidiaries is expected to positively impact the company's financial indicators, including revenue and net asset recovery by 2025, although it does not eliminate the risk of delisting, which will ultimately depend on the audited annual report for 2025. [1] Group 1 - The Ningxia carbon black plant has fully restored production capacity with four lines currently operational [1] - The cracking workshop equipment has not yet been activated, but preparations are in progress for its restoration [1] - The company is gradually increasing production capacity based on existing orders, which are expected to sustain operations for a longer duration [1] Group 2 - The Tianjin subsidiary has also resumed operations, with production lines functioning in an orderly manner [1] - The resumption of operations at both subsidiaries is anticipated to have a positive impact on financial metrics for 2025 [1] - Despite the positive developments, the risk of delisting remains, contingent on the audited financial report for 2025 [1]

格隆汇12月11日丨*ST新元(300472.SZ)公布，2025年11月10日、11月11日，公司收到临时管理人发来的 《新元科技重整投资人遴选结果告知函》和《公证书》。获悉新元科技重整投资人遴选评审委员会根据 《新元科技重整投资人遴选评审规则及评分细则》依法评审打分，并经江西省抚州市赣东公证处进行现 场监督公证，确认随锐绿技行启宸联合体（牵头投资人：随锐科技集团股份有限公司）为新元科技重整 正选投资人；确认光和金资投资联合体（牵头投资人：汕头市光和投资合伙企业（有限合伙））为新元 科技重整备选投资人。本次签署《重整投资协议》是公司化解风险、预重整及重整程序的必要环节，但 该协议的签署不代表公司保壳成功，目前公司保壳事项仍存在较大不确定性，若最终未能成功保壳，公 司股票将面临终止上市的风险。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新絲路文旅有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00472 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 16,000,000,000 | HKD | | 0.01 HKD | | | 160,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 16,000,000,000 | HKD | | 0.01 HKD | | | 160,000,000 | 本月底法定 ...

通讯员刘乃光于波 江苏扬子江船业集团在2021年与瑞士地中海航运公司签订21艘16000TEU集装箱船建造订单，2023年9月 23日首制船"鑫福109"轮拖带出江，此次拖航的"鑫福135"为该系列船型最后一艘，船长366米、型宽51 米、型深30.2米，建成后龙骨以上最大高度75.2米，累计创汇达32.4亿美元。 此次"鑫福135"采用"两吊四绑"的方式拖带出江，拖带编队长度706米、宽度72米，长江江苏段拖带里程 达125公里，航行途经长江多条水道，水域船舶密度大、通航环境复杂，航行、靠离泊过程中存在较大 的安全风险；且当前正值秋冬交替期，寒潮大风、气温骤降、大雾等恶劣天气频发，极易引发船舶航行 险情事故，给船舶拖航带来很大挑战，给海事部门安全监管也带来较大压力。 泰州海事局坚持每一次都是第一次原则，每次试航维护任务都精心策划、科学部署。提前组织召开航前 会，制定通航安全保障方案，对试航过程中的各项工作进行细致的策划和安排；严格检查新造试航船 舶、拖带船舶的技术状况、船员配备、消防救生设备等，确保船舶具备安全航行条件，拖航过程实时动 态监控；在江苏海事局统一指挥下，泰州海事局协同常州、江阴、张家港、南通、 ...

Core Viewpoint - New Silk Road Cultural Tourism (00472) announced the appointment of Professor Richard Gerardus Franciscus Visser as an independent non-executive director, effective from November 21, 2025 [1] Group 1 - Professor Visser will also serve as a member of the Audit Committee, Remuneration Committee, and Nomination Committee [1]

Group 1 - The company New Silk Road Cultural Tourism (00472) announced the appointment of Professor Richard Gerardus Franciscus Visser as an independent non-executive director [1] - Professor Visser will also serve as a member of the audit committee, remuneration committee, and nomination committee [1] - The appointment will take effect from November 21, 2025 [1]