红星美凯龙家居集团股份有限公司 简式权益变动报告书 上市公司： 红星美凯龙家居集团股份有限公司 A 股股票上 上海证券交易所 市地点： 股票简称： 美凯龙 股票代码： 601828 H 股股票上 香港联合交易所有限公司 市地点： 股票简称： 红星美凯龙 股票代码： 01528 股份权益变动性质： 股份减少 信息披露义务人一： 红星美凯龙控股集团有限公司 住所： 上 海 市 浦 东 新 区 临 御 路 518 号 6 楼 F8020-1 通讯地址： 上海市闵行区申长路 1466 弄 5 号红星美 凯龙总部 A 座北楼 信息披露义务人二： 车建兴 住所： 上海市静安区****** 通讯地址： 上海市闵行区申长路 1466 弄 信息披露义务人的一 常州美开信息科技有限公司 致行动人之一： 住所： 武进国家高新技术产业开发区西湖路 1 号众创中心 A 座 127-3 通讯地址： 上海市闵行区申长路 1466 弄 5 号楼 A 座 北楼 信息披露义务人的一 陈淑红 致行动人之二： 住所： 上海市静安区****** 通讯地址： 上海市闵行区申长路 1466 弄 信息披露义务人的一 车建芳 致行动人之三： 住所： 上海市闵 ...

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：2025-046 红星美凯龙家居集团股份有限公司 关于公司第二大股东重整计划获法院批准暨权益变 动的提示性公告 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。 重要内容提示： 一、第二大股东《重整计划》相关事项进展情况 红星美凯龙家居集团股份有限公司（以下简称"公司"）分别于 2024 年 6 月 （编号：2024-037）、 《关于公司第二大股东重整申请被受理的进展及相关事项的 澄清公告》（编号：2024-039）。 近日，公司收到红星美凯龙控股集团有限公司（以下简称"红星控股"）发 来的《简式权益变动报告书》 《重整计划》及上海市浦东新区人民法院送达的《民 事裁定书》（（2024）沪 0115 破 90 号之六），法院已裁定批准《红星美凯龙控股 红星美凯龙家居集团股份有限公司 集团有限公司重整计划（草案）》 （以下简称" 《重整计划》"），并终止红星控股的 重整程序。裁定书的主要内容如下： 本院认为：企业破产法第八十六条规定，各表决组均通过重整 ...

Core Insights - The cyclical fluctuations in the real estate market present unprecedented challenges to the industry chain, prompting companies to seek new growth points [1] - Red Star Macalline is leveraging opportunities in high-end home appliances to explore new growth avenues, launching a three-year strategy to establish 40 high-end appliance ecological benchmarks nationwide [1][6] - The company aims to integrate home appliances with home decoration and furniture to enhance its competitive edge in the retail sector [1][3] Industry Trends - The home appliance market is experiencing a shift towards smart and low-carbon technologies, with the smart home appliance market in China projected to reach approximately 756 billion yuan in 2024, growing by 3% [2] - The demand for home appliances is evolving from single-function products to value creation through integrated scenarios, necessitating enhanced display, demonstration, design, and service capabilities from retailers [4] Competitive Strategy - Red Star Macalline is focusing on creating differentiated competitive advantages through rich experiential offerings, such as integrated home appliance and furniture stores that allow consumers to experience smart home solutions [3][4] - The company has established over 150 smart appliance lifestyle stores across 115 core cities, making high-end appliances one of its fastest-growing business segments [3] Service Enhancement - The company is enhancing its online service capabilities by connecting merchants, service providers, and users through a member app, facilitating seamless transactions and 24-hour service [5] - A new user service center has been introduced in the "Mega-E Smart Electric Oasis," offering comprehensive services such as appliance repair and recycling to foster ongoing consumer engagement [5] Policy Impact - The recent government initiative to provide subsidies of 15% to 20% for replacing old appliances has revitalized the appliance market, with Red Star Macalline's stores becoming key channels for these subsidies [6] - The company plans to replicate its successful "Mega-E Smart Electric Oasis" model in multiple cities, aiming to create the largest and most diverse appliance retail spaces to attract younger consumers [6]

Core Viewpoint - Red Star Macalline's strategic upgrade of its appliance section to "Mega-E Smart Electric Oasis" represents a significant response to the challenges faced by the home appliance retail industry, particularly the saturation of online traffic and the need for offline value reconstruction [1][3]. Industry Challenges - The home appliance retail sector is experiencing a fragmented landscape, with e-commerce platforms competing for traffic, chain stores struggling with scale, and high-end experience stores facing challenges in market penetration [3]. - Traditional retail channels are encountering development bottlenecks, including low user loyalty and thin profit margins in online channels, severe homogenization in chain stores, and limited reach in high-end experience stores [3][5]. Red Star Macalline's Strategic Response - The "Mega-E Smart Electric Oasis" aims to create a complete ecological loop through a three-layer structure of "basic functions + scenario solutions + value-added services," addressing the industry's fragmentation [3][5]. - The new store in Shanghai has expanded its operational area from 16,000 square meters to 33,000 square meters and increased the number of brands from 57 to 103, catering to consumer demand for larger scale channels [5]. Innovative Features of the Upgrade - The upgrade includes personalized exhibition halls for different consumer segments, such as "Trendy Electric Collection" and "Zero Carbon Living," along with a service center offering integrated design, installation, and recycling services [5][6]. - The new approach combines characteristics of various channels, enhancing in-store conversion rates and optimizing product procurement costs while increasing the proportion of service revenue [5][6]. Three-Dimensional Reconstruction - The upgrade emphasizes a return to the essence of retail by focusing on the core elements of "people, space, and goods," leading to a fundamental transformation in channel functions and business models [6][10]. - Red Star Macalline's strategy includes a gradient approach to product offerings, expanding categories and introducing a variety of brands to stimulate market consumption [7][8]. Future Strategic Goals - The company plans to implement a "Four Channels Unified + Ecological Synergy" strategy over the next three years, aiming to redefine the competitive rules of offline channels [14]. - The "3+ Star Ecology" initiative will leverage a network of 5,500 designers to enhance cross-category purchasing rates and ensure future revenue growth through collaborations with real estate developers [14][15]. Competitive Advantages - The ecological structure created by Red Star Macalline provides a unique risk resistance barrier, enhancing the in-store conversion rate and optimizing profit structures [15]. - The focus on service revenue and lifecycle management of customer relationships aims to reduce reliance on price wars and facilitate a strategic shift from traditional retail to value-added services [15].

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之內容概不負責，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依賴該等內容而引致之任何損失承擔任 何責任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 以下為本公司於上海證券交易所網站刊發之《紅星美凱龍家居集團股份有限公司 第五屆董事會第三十八次臨時會議決議公告》《紅星美凱龍家居集團股份有限公司 關於公司為子公司向金融機構的融資提供擔保的公告》，僅供參閱。 承董事會命 紅星美凱龍家居集團股份有限公司 邱喆 董事會秘書兼聯席公司秘書 中國上海，2025年5月30日 於本公告日期，本公司的執行董事為李玉鵬、車建興、施姚峰及楊映武；非執行董事為鄒少榮、李建宏、宋廣斌 及許迪；及獨立非執行董事為薛偉、黃建忠、陳善昂、黃志偉及蔡慶輝。 （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） 海外監管公告 本公告乃由紅星美凱龍家居集團股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則第13.10B條作出。 红星 ...

Core Viewpoint - The appliance trade-in subsidy policy has shown significant effects on consumer electronics, with notable sales increases despite the policy transitioning from a burst effect to a normalized state [2][3]. Group 1: Policy Impact - The national subsidy policy has maintained a strong influence on appliance sales, with sales during the May 1-5 period reaching 460 million yuan, a 43.8% increase compared to last year's Golden Week [3]. - Cumulatively, the trade-in program has generated 11.81 billion yuan in sales since its inception, with government subsidies amounting to 1.98 billion yuan [3]. - The policy has led to an increase in demand for quality-of-life appliances, with companies introducing innovative products like cleaning appliances and dishwashers at lower prices due to subsidies [3]. Group 2: Future Outlook - Different perspectives exist regarding the future of appliance consumption, with some experts predicting a downturn post-promotional periods due to a decline in consumer willingness rather than ability [4]. - The appliance industry is seen as entering a phase of upgrading existing products rather than merely increasing sales volume, with a shift towards improving lifestyle through integrated solutions rather than individual products [5]. - Key opportunities identified include policy support for industrial demand expansion, positive consumer response to trade-in policies, and a shift towards experience-driven consumption [4]. Group 3: Market Dynamics - The market is transitioning from a focus on basic needs to a greater emphasis on improvement needs, with consumers seeking comprehensive solutions for their living spaces rather than standalone products [5]. - Companies are adapting their service offerings to meet the evolving consumer expectations, focusing on providing holistic solutions that enhance quality of life [5].

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之內容概不負責，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依賴該等內容而引致之任何損失承擔任 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） 海外監管公告 本公告乃由紅星美凱龍家居集團股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則第13.10B條作出。 以下為本公司於上海證券交易所網站刊發之《北京市金杜律師事務所上海分所 關於紅星美凱龍家居集團股份有限公司2025年第三次臨時股東大會之法律意見 書》，僅供參閱。 承董事會命 紅星美凱龍家居集團股份有限公司 邱喆 董事會秘書兼聯席公司秘書 中國上海，2025年5月29日 於本公告日期，本公司的執行董事為李玉鵬、車建興、施姚峰及楊映武；非執行董事為鄒少榮、李建宏、宋廣斌 及許迪；及獨立非執行董事為薛偉、黃建忠、陳善昂、黃志偉及蔡慶輝。 北京市金杜律师事务所上海分所 关于红星美凯龙家居集 ...

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份內容而產生或因倚 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） 於2025年5月29日舉行之 2025年第三次臨時股東大會之投票結果 紅星美凱龍家居集團股份有限公司（「本公司」）宣佈，本公司於2025年5月29日 （星期四）上午十時三十分假座中華人民共和國（「中國」）上海市閔行區申長路1466 弄美凱龍環球中心B座南樓3樓會議中心舉行2025年第三次臨時股東大會（「臨時 股東大會」），臨時股東大會通告內所載的建議決議案已以投票方式表決通過。有 關在臨時股東大會中審議的決議案詳情，股東可參閱本公司日期為2025年5月13 日的臨時股東大會通告及臨時股東大會通函（「通函」）。除非本公告另有界定，本 公告內所用的詞彙與通函內所界定者具有相同涵義。 於臨時股東大會日期，股份總數為4 ...

Core Viewpoint - The company plans to establish a commercial mortgage-backed asset support special plan to enhance cash flow and broaden financing channels, with a total issuance scale not exceeding RMB 1.768 billion and a term of up to 15 years [2][4][21]. Group 1: Special Plan Overview - The special plan involves the company’s directly held Tianjin Red Star Meikailong Home Decoration Life Plaza Co., Ltd. and indirectly held Chongqing Xingkaike Home Co., Ltd. as underlying asset holders [2][3]. - The asset-backed securities will be managed by Guotai Junan Securities Asset Management Co., Ltd., with the company as the original rights holder [2][5]. - The funds raised will be used for operational expenditures compliant with national laws and regulations, including repaying existing liabilities and supplementing working capital [4][29]. Group 2: Financial Details - The total asset-backed securities issuance scale is capped at RMB 1.768 billion, with a maximum term of 15 years [4][16]. - The company will subscribe to the subordinate asset-backed securities, while Xiamen Jianfa Co., Ltd. will act as the differential payment guarantor [3][16]. - The underlying assets include properties held by the project companies, which will provide collateral for the securities [11][12]. Group 3: Project Company Information - Tianjin Red Star Meikailong Home Decoration Life Plaza Co., Ltd. has total assets of approximately RMB 756.36 million and a net asset of about RMB 150.92 million as of December 31, 2024, with a debt ratio of 80.05% [8]. - Chongqing Xingkaike Home Co., Ltd. has total assets of approximately RMB 713.28 million and a net asset of about RMB 712.65 million as of December 31, 2024, with a debt ratio of 0.09% [10]. Group 4: Guarantee and Risk Management - The special plan includes collateral guarantees from both project companies, with a total guarantee amount not exceeding RMB 1.768 billion [11][12]. - The guarantees cover principal amounts, interest, and associated costs arising from defaults [11][12]. - The company has cumulative guarantees totaling RMB 1.666 billion, with no overdue guarantees reported [18][40].

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之內容概不負責，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依賴該等內容而引致之任何損失承擔任 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） 海外監管公告 本公告乃由紅星美凱龍家居集團股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則第13.10B條作出。 以下為本公司於上海證券交易所網站刊發之《紅星美凱龍家居集團股份有限公司 第五屆董事會第三十七次臨時會議決議公告》《紅星美凱龍家居集團股份有限公司 關於公司為子公司向金融機構的融資提供擔保的公告》《紅星美凱龍家居集團股份 有限公司關於擬設立商業抵押貸款資產支持專項計劃的公告》，僅供參閱。 承董事會命 紅星美凱龍家居集團股份有限公司 邱喆 董事會秘書兼聯席公司秘書 中國上海，2025年5月28日 於本公告日期，本公司的執行董事為李玉鵬、車建興、施姚峰及楊映武；非執行董事為鄒少榮、李建宏 ...