Market Overview - On October 13, the digital media sector experienced a slight decline of 0.03%, with Guomai Culture leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Notable stock performances included: - Vision China (000681) rose by 7.41% to a closing price of 24.93, with a trading volume of 1.1557 million shares and a transaction value of 2.805 billion [1] - Guomai Culture (600640) fell by 3.47% to a closing price of 13.92, with a trading volume of 185,300 shares and a transaction value of 258 million [2] - Worth Buying (300785) decreased by 3.32% to a closing price of 35.48, with a trading volume of 110,300 shares and a transaction value of 392 million [2] Capital Flow - The digital media sector saw a net inflow of 82.8521 million from institutional investors, while retail investors contributed a net inflow of 88.0169 million [2] - However, speculative funds experienced a net outflow of 171 million [2] Individual Stock Capital Flow - Vision China (000681) had a net inflow of 22.5 million from institutional investors, but a net outflow of 15.3 million from speculative funds [3] - Guomai Culture (600640) faced a net outflow of 1.25597 million from institutional investors [3] - Worth Buying (300785) also saw a net outflow of 2.5597 million from institutional investors [3]

Market Overview - On October 10, the digital media sector declined by 2.0%, with ZhiDeMai leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable stock performances included: - Vision China (000681) rose by 3.11% to close at 23.21 [1] - ZhiDeMai (300785) fell by 7.53% to close at 36.70, with a trading volume of 153,300 shares and a turnover of 574 million yuan [2] - Mango Super Media (300413) decreased by 5.12% to 31.66, with a trading volume of 240,200 shares and a turnover of 775 million yuan [2] - The overall trading volume and turnover for the digital media sector indicated significant activity, with ZhiDeMai and Mango Super Media being among the most traded stocks [2] Capital Flow - The digital media sector experienced a net outflow of 194 million yuan from institutional investors, while retail investors saw a net inflow of 228 million yuan [2][3] - Specific stock capital flows showed: - Vision China had a net inflow of 24.47 million yuan from institutional investors [3] - ZhiDeMai experienced a net outflow of 1.28 million yuan from institutional investors but a net inflow of 47.06 million yuan from retail investors [3] - ST Fanli (600228) faced a significant net outflow of 13.27 million yuan from institutional investors, despite a net inflow from retail investors [3]

Core Viewpoint - The company announced the withdrawal of a lawsuit against its chairman and other executives, indicating no negative impact on its operations or profits from this development [2][3][5]. Group 1: Lawsuit Background - In December 2021, the company was informed of a lawsuit filed by PacTec Holdings, LLC against its chairman, general manager, and other executives in a California court [4]. - The lawsuit involved the company’s subsidiary, Shanghai Zhongyan Information Technology Co., Ltd., and other related parties as defendants [4]. - The company took legal action to protect its rights, and in June 2023, the court ruled in favor of the company's motion [4]. Group 2: Lawsuit Progress - Recently, the company received a notification that the plaintiff submitted a withdrawal request to the court, which was granted [5]. Group 3: Impact on the Company - The company assessed that the withdrawal of the lawsuit would not affect its normal operations or current profits [3][6]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by regulations [6]. Group 4: Management Changes - On September 30, 2025, James Min Zhu submitted his resignation from his positions as director, vice general manager, and committee member for personal reasons, but will remain with the company [7]. - His resignation will not impact the company's daily operations or the minimum number of board members required by law [7][8]. - The board expressed gratitude for his contributions during his tenure [8].

Core Viewpoint - *ST Fanli has disclosed the latest developments regarding lawsuits involving its subsidiaries and certain board members, indicating that the recent withdrawal of the lawsuit will not impact the company's normal operations or current profits [1] Summary by Relevant Sections Lawsuit Details - In December 2021, PacTec Holdings, LLC filed a lawsuit against *ST Fanli's Chairman and General Manager Ge Yongchang, Vice Chairman and Deputy General Manager James Min Zhu, and the wholly-owned subsidiary Shanghai Zhongyan Information Technology Co., Ltd. [1] - On September 15, 2022, Shanghai Zhongyan submitted a motion to the U.S. court, which was supported by the court's ruling on June 2, 2023 [1] - The plaintiff submitted a motion to withdraw the lawsuit on September 17, 2025, which was granted by the U.S. court [1] Impact on Company Operations - The company has assessed that the withdrawal of the lawsuit will not affect its normal operations or current profits [1] - *ST Fanli will ensure that relevant board members and parties conduct careful evaluations and fulfill information disclosure obligations in a timely manner [1] Information Disclosure - Investors are advised to refer to the official disclosures published in designated media such as China Securities Journal, Shanghai Securities Journal, Securities Daily, Securities Times, and the Shanghai Stock Exchange website for accurate information [1]

Core Viewpoint - *ST Fanli (600228.SH) announced the resignation of James Min ZHU from his positions as director, member of the Strategic and Sustainable Development Committee, and deputy general manager due to personal reasons [1] Company Summary - The resignation report was submitted to the board on September 30, 2025, and will take effect upon delivery to the board [1] - James Min ZHU will continue to hold other positions within the company after his resignation [1] Regulatory Context - The resignation is in accordance with the Company Law of the People's Republic of China, which stipulates that the resignation becomes effective upon the board's receipt of the resignation report [1]

截至发稿，*ST返利市值为24亿元。 每经头条（nbdtoutiao）——上海一城中村试水房票安置，村民组团买房，有楼盘已预收约70张房票 （记者 王晓波） 每经AI快讯，*ST返利（SH 600228，收盘价：5.64元）10月8日晚间发布公告称，返利网数字科技股份 有限公司董事会于2025年9月30日收到James Min ZHU先生递交的辞任报告。James Min ZHU先生因个人 原因，申请辞去董事、董事会战略与可持续发展委员会委员以及副总经理职务，James Min ZHU先生辞 任后仍将在公司担任职务。James Min ZHU先生的辞任自辞任报告送达董事会之日起生效。 2024年1至12月份，*ST返利的营业收入构成为：互联网和相关服务业占比100.0%。 ...

证券代码：600228 证券简称：*ST 返利 公告编号：2025-054 返利网数字科技股份有限公司 关于公司董事、高级管理人员辞任的公告 为准，敬请广大投资者注意投资风险。 特此公告。 返利网数字科技股份有限公司董事会 二〇二五年十月九日 | 姓名 | | 离任职务 | | 离任时间 | | | 原定任期 | | 离任 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 到期日 | | 原因 | 股子公司任职 | （如适用） | 公开承诺 | | James | Min | 董事、副总经理以及 董事会战略与可持续 | | 年 2025 | | | 年 2027 | | 个人 | 否 | 不适用 | | | ZHU | | | 9 | 月 日 | 30 | 5 | 月 19 | 日 | 原因 | | | 否 | | | | 发展委员会委员 | | | | | | | | | | | 二、辞任对 ...

重要内容提示： 案件所处的诉讼阶段：原告方向加利福尼亚州高等法院洛杉矶法院（以 下简称"美国法院"）撤诉。 上市公司所处的当事人地位：公司董事长、总经理葛永昌先生以及公司 董事、副总经理 James Min ZHU 先生及其他相关方为境外案件被告。 涉案的金额：未明确赔偿金额。 证券代码：600228 证券简称：*ST 返利 公告编号：2025-053 返利网数字科技股份有限公司 关于公司下属企业及部分董事、高级管理人员 涉及诉讼的进展公告 本公司董事会及全体董事保证公告内容不存在虚假记载、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。 是否会对上市公司损益产生负面影响：经公司审慎判断，本次原告方撤 诉事项不会对公司正常经营及本期利润产生影响。 一、诉讼的基本情况 2021 年 12 月，公司获悉 PacTec Holdings, LLC（以下简称"PacTec"或"原 告"）向美国法院提交相关起诉书，该起诉书将葛永昌先生（公司实际控制人， 现任公司董事长、总经理）、James Min ZHU 先生（现任公司董事、副总经理）、 上海中彦信息科技有限公司（公司全资子公司，以下简称"上 ...

Market Overview - On September 30, the digital media sector rose by 1.37%, led by Zhidingmai [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Zhidingmai (300785) closed at 38.50, with a gain of 4.14% and a trading volume of 222,100 shares, amounting to 865 million yuan [1] - Other notable performers include: - Vision China (000681) at 20.46, up 3.70% [1] - Mango Super Media (300413) at 35.76, up 2.03% [1] - Xinhua Net (603888) at 19.76, up 1.96% [1] - People's Daily (603000) at 19.83, up 1.54% [1] Capital Flow - The digital media sector experienced a net outflow of 23.81 million yuan from institutional investors, while retail investors saw a net outflow of 91.12 million yuan [2] - Conversely, speculative funds recorded a net inflow of 115 million yuan [2] Individual Stock Capital Flow - Zhidingmai had a net inflow of 50.13 million yuan from institutional investors, but a net outflow of 56.99 million yuan from speculative funds [3] - Vision China saw a net inflow of 36.06 million yuan from institutional investors, with a net outflow of 19.83 million yuan from speculative funds [3] - People's Daily had a net inflow of 17.17 million yuan from institutional investors, while retail investors experienced a net outflow of 16.21 million yuan [3]

Market Overview - On September 26, the digital media sector declined by 1.45%, with "Zhidingmai" leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable stock performances included: - *ST Fanli: Closed at 5.75, up 2.50% with a trading volume of 91,900 shares and a turnover of 52.51 million yuan [1] - Mango Super Media: Closed at 35.38, up 0.43% with a trading volume of 267,100 shares and a turnover of 945 million yuan [1] - Worth Buying: Closed at 37.20, down 8.49% with a trading volume of 151,000 shares and a turnover of 576 million yuan [2] Capital Flow - The digital media sector experienced a net outflow of 74.40 million yuan from institutional investors, while retail investors saw a net inflow of 56.52 million yuan [2] - The capital flow for individual stocks showed: - Mango Super Media: Net inflow of 62.25 million yuan from institutional investors [3] - Worth Buying: Net outflow of 16.11 million yuan from institutional investors [3] Summary of Individual Stocks - The following stocks had significant capital movements: - *ST Fanli: Institutional net inflow of 609,600 yuan, retail net inflow of 636,900 yuan [3] - New China Net: Institutional net outflow of 12.69 million yuan, retail net inflow of 10.27 million yuan [3] - Grassroots Information: Retail net inflow of 666,020 yuan despite institutional and speculative net outflows [3]