Core Points - The resignation of Che Jianxing as General Manager of Red Star Macalline has been officially effective, and he will no longer hold any daily management position in the company [1] - Che Jianxing will transition from Executive Director to Non-Executive Director effective from October 13, 2025, with a term aligned with the fifth board of directors, and a new service contract will be established for his non-executive role [1] - Che Jianxing will continue to serve as a member of the Nomination Committee and the Strategy and Investment Committee [1] - The board meeting held on October 13, 2025, approved the appointment of Zhu Jiagui as the Deputy General Manager, with a term lasting until the end of the fifth board of directors [1]

Core Viewpoint - Red Star Macalline (01528) announced management changes, including the resignation of Mr. Che Jianxing as General Manager and his transition to a non-executive director role effective from October 13, 2025 [1] Management Changes - Mr. Che Jianxing will no longer hold any daily management position after his resignation as General Manager, transitioning from executive director to non-executive director [1] - His term as a non-executive director will align with the fifth board's term, allowing for re-election upon term completion [1] - The company will establish a new service contract with Mr. Che for his non-executive director role [1] New Appointments - Mr. Zhu Jiagui has been appointed as the Deputy General Manager, effective from the date of the board meeting on October 13, 2025, until the end of the fifth board's term [1] - The appointment was made based on the nomination by the General Manager and the recommendation of the Nomination Committee [1]

Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 董事名單與董事角色及職能 | | 董事委員會 | | 薪酬與 | | 戰略與 | | --- | --- | --- | --- | --- | --- | | 董事 | | 審計委員會 | 考核委員會 | 提名委員會 | 投資委員會 | | 執行董事 | | | | | | | 李玉鵬先生（董事長） | | | | | C | | 施姚峰先生 | | | | | M | | 楊映武先生 | | | | | | | 非執行董事 | | | | | | | 鄒少榮先生 | | M | | | M | | 葉衍榴女士 | | | M | M | M | | 車建興先生 | | | | M | M | | 徐國峰先生 | | | | | M | | 獨立非執行董事 | | | | | | | 薛偉先生 | | C | | | | | 陳善昂先生 | | | | C | | | 黃建忠先生 | | M | C | M | M ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 一、執行董事調任為非執行董事 紅星美凱龍家居集團股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈，因車建興先生（「車先生」）於其總經理辭任正式生效後已沒有再於本公司擔 任任何日常管理職務，車先生由執行董事調任為非執行董事，自2025年10月13日 起生效，其任期與第五屆董事會任期一致，任期屆滿後，可以連選連任，本公司 將會與車先生就其非執行董事職務訂立新服務合約。同時，車先生將繼續擔任本 公司提名委員會、戰略與投資委員會委員職務。車先生已確認其與董事會和本公 司並無意見分歧，亦概無與其調任有關的其他事宜須提請本公司股東垂注。 車先生的履歷詳情如下： 車建興先生，58歲。80年代末，車先生開始 ...

Group 1 - The core point of the article is that Meikailong (SH 601828) held a temporary board meeting on October 13, 2025, to discuss the proposal regarding the adjustment of directors [1] - For the first half of 2025, Meikailong's revenue composition was as follows: 91.7% from home furnishing services, 5.2% from other income, and 3.1% from construction services [1] - As of the report date, Meikailong's market capitalization was 12.2 billion yuan [2]

红星美凯龙家居集团股份有限公司 证券代码：601828 证券简称：美凯龙 编号：2025-077 红星美凯龙家居集团股份有限公司 关于聘任公司副总经理的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《中华人民共和国公司法》和《公司章程》的有关规定以及根据红星美凯 龙家居集团股份有限公司（以下简称"公司"）实际经营需要，经公司总经理提 名、提名委员会推荐，公司于 2025 年 10 月 13 日召开第五届董事会第四十七次临 时会议审议通过了《关于聘任公司副总经理的议案》，同意聘任朱家桂先生为公 司副总经理，任期自董事会审议通过之日起至第五届董事会届满之日止。 朱家桂先生个人简历详见附件。 特此公告。 红星美凯龙家居集团股份有限公司董事会 2025 年 10 月 14 日 1 红星美凯龙家居集团股份有限公司 附件：《朱家桂先生个人简历》 朱家桂先生，1978 年 9 月出生，中国国籍，无境外居留权，毕业于苏州大学， 获学士学位。朱家桂先生曾于 2001 年 7 月至 2013 年 1 月任职于苏宁电器集团有限 公司，先 ...

红星美凯龙家居集团股份有限公司 证券代码：601828 证券简称：美凯龙 编号：2025-076 红星美凯龙家居集团股份有限公司 第五届董事会第四十七次临时会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 红星美凯龙家居集团股份有限公司（以下简称"公司"或"本公司"）第五 届董事会第四十七次临时会议以电子邮件方式于 2025 年 10 月 10 日发出通知和 会议材料，并于 2025 年 10 月 13 日以通讯方式召开。会议应出席董事 13 人，实 际出席董事 13 人，会议由董事长李玉鹏主持，本次会议的召开及审议符合《中 华人民共和国公司法》和《红星美凯龙家居集团股份有限公司章程》等相关规定。 会议形成了如下决议： 一、审议通过《关于公司向华夏银行股份有限公司上海分行申请综合授信的议 案》 同意公司向华夏银行股份有限公司上海分行申请综合授信，期限 1 年，具体 品种包括但不限于利率为市场利率的流动资金贷款、贸易融资、银行承兑汇票、 商票保贴，金额不超过人民币 50,000 万元或等值外币（以下简称"本次授信"） ...

Core Viewpoint - The company has appointed Mr. Zhu Jiaguo as the new Vice President, effective from the date of the board's approval until the end of the current board's term [1] Group 1: Appointment Details - The fifth board of directors held its 47th temporary meeting on October 13, 2025, where the appointment of Mr. Zhu Jiaguo was approved [1] - Mr. Zhu Jiaguo, born in September 1978, is a Chinese national with no foreign residency [1] - He graduated from Suzhou University with a bachelor's degree [1] Group 2: Professional Background - Mr. Zhu worked at Suning Appliance Group from July 2001 to January 2013, serving as Vice President and General Manager of the Market Management Center [1] - He joined the company in April 2013 and has held various positions, including Assistant Vice President of the Investment Center, General Manager of the Center, Special Assistant to the Vice Chairman, Assistant President, and Executive President [1] Group 3: Compliance and Relationships - Mr. Zhu does not hold any shares in the company and has no related relationships with other directors or senior management [1] - He has not been subject to any penalties from the China Securities Regulatory Commission or other relevant authorities, nor has he faced sanctions from stock exchanges [1]

Retail Industry Overview - The total retail sales of consumer goods in China reached 24.55 trillion yuan in the first half of the year, with a year-on-year growth of 5.0%, slightly up from 3.7% in the same period last year [2] - Online retail sales amounted to 7.43 trillion yuan, growing by 8.5%, while offline retail sales were 17.12 trillion yuan, with a growth of 3.75%, indicating a shift in consumer shopping habits towards online platforms [2][5] Store Closures - In the first half of 2025, at least 1.71 million stores closed across various sectors, including major brands like Walmart, Starbucks, and Haidilao [2] - The supermarket sector saw at least 720 store closures, including national and regional brands such as Yonghui Supermarket and Hema [3][4] - The restaurant industry faced nearly 10,000 closures, while the apparel sector saw around 4,500 stores shut down [2][6] Supermarket Sector Challenges - Traditional supermarkets are experiencing accelerated closures due to increased competition from e-commerce and the rise of instant retail, which has grown from 36.6 billion yuan in 2017 to 650 billion yuan in 2023 [6] - Many supermarkets are closing underperforming stores and focusing on online business to adapt to changing consumer preferences [6][7] Department Store and Shopping Center Decline - The department store sector reported a year-on-year growth of only 1.2%, with at least 23 department stores and shopping centers closing in the first half of 2025 [8][9] - The decline is attributed to outdated business models and a lack of unique product offerings, leading to decreased foot traffic [11][12] Tea and Coffee Shop Closures - The tea and coffee sectors saw significant closures, with at least 6,673 tea and coffee shops shutting down in the first half of 2025 [13] - Brands like Heytea and Nayuki faced substantial store reductions, reflecting a market consolidation where only strong brands survive [15][20] Apparel Industry Adjustments - The apparel sector experienced a 3.1% year-on-year growth, with at least 4,563 clothing stores closing, including major brands like Semir and GU [21][24] - The closures are driven by high inventory levels, brand aging, and a shift towards larger store formats, which require higher operational efficiency [24][25][27] Cinema Industry Struggles - The cinema industry is facing a crisis, with a high vacancy rate of 30-40% and at least 38 cinemas closing in the first half of 2025 [28][30] - Factors contributing to this decline include high fixed costs, reliance on blockbuster films, and competition from streaming services [30][31][32] Other Industries - Various other sectors, including pet care, home improvement, and education, also experienced closures, indicating a broader trend of market contraction [34]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 9, with Northeast Electric (00042) leading at a premium of 743.75% [1][2]. AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042): 743.75% - Andeli Juice (02218): 235.25% - Zhejiang Shibao (01057): 227.36% [1][2] - The bottom three stocks with the lowest AH premium rates are: - Contemporary Amperex Technology (03750): -16.12% - Heng Rui Medicine (01276): -2.39% - China Merchants Bank (03968): 3.49% [1][2] Deviation Values - The stocks with the highest deviation values are: - Changfei Optical Fiber (06869): 28.93% - Zhejiang Shibao (01057): 12.23% - Red Star Macalline (01528): 11.20% [1][2] - The stocks with the lowest deviation values are: - Northeast Electric (00042): -72.24% - Shanghai Electric (02727): -54.73% - Dazhong Public Utilities (01635): -29.80% [1][2]