昆吾九鼎投资控股股份有限公司 章 程 （2025年8月修订） 2025 年 8 月 | D | A | | --- | --- | | 1 | A | | 第二章 | 经营宗旨和范围 | 3 | | --- | --- | --- | | 第三章 | 股份 | 3 | | 第四章 | 股东和股东会 | 5 | | 第五章 | 董事会 | 17 | | 第六章 | 高级管理人员 | 26 | | 第七章 | 财务会计制度、利润分配和审计 | 27 | | 第八章 | 通知和公告 | 31 | | 第九章 | 合并、分立、增资、减资、解散和清算 32 | | | 第十章 | 修改章程 | 35 | | 第十一章 | 附 则 | 35 | 第一章 总则 第一条 为维护昆吾九鼎投资控股股份有限公司（以下简称"公司"）、股东、职工和债 权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》（以下简称《公 司法》）、《中华人民共和国证券法》（以下简称《证券法》）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 第四条 公司注册名称： 中文名称：昆吾九鼎投资控股股份有 ...

第三条 董事会由九名董事组成，设董事长一人，可以设一名副 董事长，每届任期为三年。公司董事可由经理或者其他高级管理人员 兼任，但兼任经理或者其他高级管理人员职务的董事以及由职工担任 的董事，总计不得超过公司董事总数的二分之一。公司董事会成员中 应当有 1/3 以上（含）独立董事，其中至少有 1 名会计专业人士。 第一条 为了进一步规范昆吾九鼎投资控股股份有限公司(以下 简称"公司")董事会的议事方式和决策程序，促使董事和董事会有 效地履行其职责，提高董事会规范运作和科学决策水平，根据《中华 人民共和国公司法》(以下简称《公司法》)、《中华人民共和国证券 法》（以下简称《证券法》）、《上市公司治理准则》和《上海证券 交易所股票上市规则》以及其他有关法律、行政法规和公司章程等有 关规定，特制定本规则。 第四条 公司董事会设立审计委员会，并根据需要设立战略、提 名、薪酬与考核等相关专门委员会。专门委员会对董事会负责，依照 公司章程和董事会授权履行职责，提案应当提交董事会审议决定。专 门委员会成员全部由董事组成，其中审计委员会、提名委员会、薪酬 与考核委员会中独立董事占多数并担任召集人。审计委员会的召集人 昆吾九鼎投 ...

昆吾九鼎投资控股股份有限公司 董事会薪酬与考核委员会实施细则 （2025 年 8 月修订） 第一章 总则 第二条 薪酬与考核委员会是董事会设立的专门工作机构，主要负责制定公 司董事及高级管理人员的考核标准并进行考核；负责制定、审查公司董事及高级 管理人员的薪酬政策与方案，对董事会负责。 第三条 本细则所称董事是指在本公司支取薪酬的董事长、副董事长、董事， 高级管理人员是指根据《公司章程》规定，由董事会聘任的总经理、副总经理、 董事会秘书、财务总监及由总经理提请董事会认定的其他高级管理人员。 第二章 人员组成 第四条 薪酬与考核委员会成员由三名董事组成，独立董事占多数。 第五条 薪酬与考核委员会委员由董事长、二分之一以上独立董事或者全体 董事的三分之一提名，并由董事会选举产生。 第六条 薪酬与考核委员会设主任委员（召集人）一名，由独立董事委员担 任，负责主持委员会工作；主任委员在委员内选举，并报请董事会批准产生。 第七条 薪酬与考核委员会任期与董事会任期一致，委员任期届满，连选可 以连任。期间如有委员不再担任公司董事职务，自动失去委员资格，并由委员会 根据上述第四至第六条规定补足委员人数。 第一条 为进一步建立 ...

昆吾九鼎投资控股股份有限公司 独立董事制度 （2025 年 8 月修订） 第一章 总则 第一条 为完善昆吾九鼎投资控股股份有限公司（以下简称"公 司"）的法人治理结构，促进公司的规范运作，充分发挥独立董事在公 司治理中的作用，促进公司独立董事尽责履职，根据《中华人民共和国公 司法》、《中华人民共和国证券法》、《上市公司独立董事管理办法》 （以下简称"《独立董事管理办法》"）、《上海证券交易所股票上市规 则》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 等法律法规及规范性文件要求，以及《昆吾九鼎投资控股股份有限公司 章程》（以下简称"《公司章程》"）等相关规定，制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公 司及主要股东、实际控制人不存在直接或者间接利害关系，或者其他可 能影响其进行独立客观判断关系的董事。 第三条 公司独立董事占董事会成员的比例不得低于三分之一，且 至少包括一名会计专业人士。独立董事对公司及全体股东负有忠实与勤 勉义务。独立董事应当按照法律、行政法规、中国证券监督管理委员会 （以下简称"中国证监会"）规定、上海证券交易所业务规则和《公司 章程》的规定 ...

九鼎投资公告，2025年上半年营业收入8037.21万元，同比下降55.39%。净利润亏损4754.98万元，上年 同期净利润798.2万元。 ...

Core Viewpoint - Jiuding Investment, a private equity firm listed on A-shares, has delayed its response to the Shanghai Stock Exchange's inquiry regarding its acquisition of Nanjing Shenyuan Intelligent Technology Co., Ltd. The inquiry focuses on the necessity and fairness of the transaction, as well as potential insider trading concerns [2][5][6]. Group 1: Acquisition Details - Jiuding Investment announced on August 12 that it plans to acquire a 53.2897% stake in Nanjing Shenyuan for a consideration of RMB 213.1588 million, which will make Nanjing Shenyuan a subsidiary of Jiuding Investment [6]. - Nanjing Shenyuan, founded in 2012, specializes in six-dimensional force sensors and related technologies, with its core product being the six-dimensional force sensor [4][6]. - The acquisition is part of Jiuding Investment's strategy to respond to national policies encouraging mergers and acquisitions for high-quality development, aiming to enhance its industrial layout and create new growth points [4][6]. Group 2: Regulatory Concerns - The Shanghai Stock Exchange raised multiple questions regarding the necessity and fairness of the acquisition, especially given Jiuding Investment's primary business focus on private equity investment and real estate [5][7]. - Nanjing Shenyuan reported revenues of RMB 208.80 million and RMB 16.38 million for 2024 and the first four months of 2025, respectively, with net losses of RMB 573.49 million and RMB 279.54 million, indicating pressure on profitability [6][7]. - The inquiry also questioned the rationale behind acquiring a loss-making entity and its potential impact on Jiuding Investment's ongoing operations and minority shareholders [7]. Group 3: Response Timeline - Jiuding Investment received the inquiry on August 12 and was required to respond within five trading days but requested an extension due to the need for further content refinement [2][8]. - The company has applied for an additional extension to ensure the accuracy and completeness of its response, with the new deadline not exceeding five trading days [8].

Core Viewpoint - The company Jiuding Investment is facing regulatory scrutiny regarding its proposed acquisition of Nanjing Shenyuan Intelligent Technology Co., Ltd., which specializes in six-dimensional force sensors for humanoid robots, as it seeks to expand its business and enhance competitiveness in the robotics industry [1][2][3]. Group 1: Acquisition Details - Jiuding Investment announced plans to acquire a 53.2897% stake in Nanjing Shenyuan for a total consideration of RMB 21,315.88 million, which would make Nanjing Shenyuan a subsidiary included in Jiuding's consolidated financial statements [3][4]. - Nanjing Shenyuan, founded in 2012, focuses on six-dimensional force sensors and has a registered capital of RMB 7.01 million, with its technology originating from Nanjing University of Aeronautics and Astronautics [2][3]. Group 2: Regulatory Concerns - The Shanghai Stock Exchange raised multiple questions regarding the necessity, fairness, and future arrangements of the transaction, particularly given Jiuding's core business in private equity investment and real estate development [3][4]. - The inquiry highlighted Nanjing Shenyuan's financial performance, reporting revenues of RMB 208.80 million and RMB 16.38 million for 2024 and the first four months of 2025, respectively, alongside net losses of RMB 573.49 million and RMB 279.54 million [3][4]. Group 3: Company Response - Jiuding Investment has requested extensions to respond to the inquiry, citing the need for further refinement and completeness in their replies, with the latest extension not exceeding five trading days [5].

1 昆 吾 九 鼎 投 资 控 股 股 份 有 限 公 司 K u n w u J i u d i n g I n v e s t m e n t H o l d i n g s C O . , L t d 关 于 再 次 延 期 回 复 上 海 证 券 交 易 所 《 关 于 对 昆 吾 九 鼎 投 资 控 股 股 份 有 限 公 司 收 购 股 权 及 增 资 事 项 的 问 询 函 》 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。 昆吾九鼎投资控股股份有限公司（以下简称"公司"或"九鼎投资"）于 2025 年 8 月 12 日收到上海证券交易所《关于对昆吾九鼎投资控股股份有限公司收购股权 及增资事项的问询函》（上证公函【2025】1216 号，以下简称《问询函》），要求公 司在 5 个交易日内披露对问询函的回复，详见公司于 2025 年 8 月 13 日披露的《关于 对昆吾九鼎投资控股股份有限公司收购股权及增资事项的问询函》（临 2025-045）。 公司收到《问询函》后高度重视，积极组织相关各方对《问询函 ...

Core Viewpoint - The threshold for entering the robotics industry has significantly lowered, leading to a surge of diverse companies from various sectors attempting to manufacture robots, raising questions about the sustainability and viability of this trend [4][5][6]. Group 1: Industry Trends - The nature of "building robots" is changing, evolving from a complex task to a more accessible one, where assembling a robot is becoming a reality rather than a joke [3][6]. - The number of humanoid robot-related companies in China reached 834 by late July 2025, with over half having registered capital exceeding 10 million [6][11]. - The growth in registrations of humanoid robot companies surged by over 180% in the first half of 2025 compared to the previous year [6]. Group 2: New Players and Cross-Industry Involvement - Companies from various backgrounds, including traditional manufacturing and investment sectors, are entering the robotics field, such as Vision Technology and Jiuding Investment [4][5][13]. - Midea Group, leveraging its ownership of KUKA, is developing humanoid robots for home and factory applications, showcasing a strategic approach to robotics [15]. - Automotive companies like GAC Group are also entering the robotics space, emphasizing the technological synergies between automotive and robotics [15]. Group 3: Technological Advancements - The availability of standardized components for robots, such as sensors and actuators, has made it easier for companies to assemble robots [6][11]. - Domestic suppliers are beginning to break the monopoly of foreign brands in critical components like harmonic reducers and planetary roller screws [8][9]. - The development of specialized components, such as the BrainCo bionic hand and advanced laser radar from Hesai Technology, indicates significant progress in the robotics supply chain [7][8]. Group 4: Market Dynamics and Challenges - The influx of capital into the robotics sector has led to a competitive environment, with many companies seeking to establish themselves amid rising expectations [6][19]. - Despite the enthusiasm, the integration of various components and ensuring system stability remains a significant challenge for the industry [19][20]. - The industry is still in its early commercial stages, with many companies relying on external funding rather than self-sustaining business models [21]. Group 5: Future Outlook - The future of the robotics industry may lead to a diverse ecosystem where specialized companies coexist, focusing on niche applications while core component suppliers support the overall market [21]. - The successful companies will likely be those that can identify real-world applications and maintain resilience in a capital-intensive environment [21].

Core Insights - The robot industry is witnessing a surge of diverse players entering the market, ranging from traditional manufacturing companies to investment firms and even liquor producers, indicating a significant shift in the landscape of robotics [2][3][9] - The barriers to entry for building robots have decreased, with a growing number of companies providing standardized components, making it easier for various industries to participate in robot manufacturing [3][8] - The market is experiencing a rapid increase in the number of humanoid robot-related companies, with 834 existing firms as of late July 2025, and a year-on-year growth of over 180% in registrations [3][8] Industry Trends - The emergence of specialized suppliers for critical robot components, such as sensors and actuators, is facilitating the assembly of robots from off-the-shelf parts, leading to the concept of "building a robot" becoming more feasible [4][8] - Companies like Hesai Technology are leading in the production of 3D laser radar for robots, with significant sales figures indicating a robust demand for such components [4][8] - The domestic market is beginning to break the monopoly of foreign manufacturers in key components like harmonic reducers and planetary roller screws, with local firms investing heavily in R&D [6][8] Investment Activity - Numerous companies in the robotics sector have secured new rounds of financing, indicating strong investor interest and confidence in the industry's growth potential [3][8] - Notable investments include Jiuding Investment's acquisition of a controlling stake in a robot core component company and Kweichow Moutai's investment in a robotics startup [2][9] Company Strategies - Traditional manufacturers, such as Zhongjian Technology, are pivoting towards robotics to find new growth opportunities, while companies like Midea Group leverage existing robotics expertise from their subsidiary KUKA [10][11] - Automotive companies are also entering the robotics space, emphasizing the technological synergies between automotive and robotics, as seen with GAC Group's humanoid robot [11][12] Market Dynamics - The industry is characterized by a mix of established players and new entrants, each with different motivations, from seeking new revenue streams to enhancing existing product lines [9][10] - The competition is expected to lead to a diverse ecosystem where specialized companies focus on niche applications, while a few giants may dominate the general humanoid robot market [16]