New Stock Issuance - New stock issuance for Daoshengtianhe (Code: 780026) priced at 5.98 RMB on September 29, 2025[1] - Offer period for the acquisition of Shangwei New Materials (Code: 688585) is from September 29, 2025, to October 28, 2025[1] Delisting and Trading Alerts - Zitian Tui (Code: 300280) is in the delisting preparation period with 4 trading days remaining until the last trading day[1] - Significant abnormal fluctuations reported for Kaipu Cloud (Code: 688228) on September 25, 2025[1] Recent Announcements - Multiple companies including Zhonghuan Hailu (Code: 301040) and Shenhuafa A (Code: 000020) have recent announcements regarding their stock activities[1] - A total of 30 companies have made announcements regarding stock fluctuations and trading activities in the past week[1]

证券代码：600265 证券简称：ST 景谷 公告编号：2025-095 云南景谷林业股份有限公司 关于控股子公司涉及诉讼事项的公告 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。 重要内容提示： ●案件所处的诉讼阶段：法院已立案受理，尚未开庭。 ●当事人所处的地位：云南景谷林业股份有限公司（以下简称"公司"或"景 谷林业"）及控股子公司唐县汇银木业有限公司（以下简称"汇银木业"）、汇 银木业原实际控制人崔会军、王兰存为被告。 ●涉案金额：公司及控股子公司汇银木业本次收到河北省正定县人民法院 （以下简称"正定法院"）送达的《民事起诉状》《应诉通知书》等相关法律文 书 1 份，涉案金额包括本金 6,000 万元及相应利息。 ●因涉及上述多项民间借贷纠纷等原因，目前汇银木业 9 个银行账户均被法 院冻结，现有的纤维板及刨花板 2 条生产线均已停产，无法预计汇银木业复工复 产时间，对公司生产经营将会造成不利影响。同时，根据公司 2025 年半年度报 告，公司 2025 年半年度经营业绩进一步下滑，持续经营能力存在较大不确定性。 ●是 ...

Core Viewpoint - The forestry sector experienced a decline of 0.77% on September 29, with ST Jinggu leading the drop, while the overall market indices showed positive performance with the Shanghai Composite Index rising by 0.9% and the Shenzhen Component Index increasing by 2.05% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3862.53, up by 0.9% [1] - The Shenzhen Component Index closed at 13479.43, up by 2.05% [1] Group 2: Forestry Sector Stocks - Pingtan Development (000592) closed at 3.52, with an increase of 0.86% and a trading volume of 1.5953 million shares, totaling a transaction value of 553 million yuan [1] - Yong'an Forestry (000663) closed at 6.54, up by 0.46% with a trading volume of 51,500 shares, totaling a transaction value of 33.4 million yuan [1] - Fujian Jinsen (002679) closed at 10.57, down by 0.28% with a trading volume of 63,600 shares, totaling a transaction value of 66.54 million yuan [1] - ST Jinggu (600265) closed at 25.37, down by 4.98% with a trading volume of 15,800 shares, totaling a transaction value of 40.36 million yuan [1] Group 3: Fund Flow Analysis - The forestry sector saw a net outflow of 50.9768 million yuan from main funds, while retail funds experienced a net inflow of 23.6368 million yuan [1] - Main fund inflows and outflows for key stocks include: - ST Jinggu: Main fund outflow of 0.5579 million yuan, retail inflow of 1.7964 million yuan [2] - Fujian Jinsen: Main fund outflow of 0.9662 million yuan, retail inflow of 5.3526 million yuan [2] - Yong'an Forestry: Main fund outflow of 2.4662 million yuan, retail inflow of 0.8443 million yuan [2] - Pingtan Development: Main fund outflow of 48.1023 million yuan, retail inflow of 15.6436 million yuan [2]

Core Viewpoint - Chow Tai Fook Investment Holdings Limited is providing significant support to ST Jinggu by transferring 51% of its subsidiary, Shanghai Boda Digital Technology Co., Ltd., to the listed company without any payment or obligations, while also offering a loan of 60 million yuan to improve liquidity [1][2]. Group 1: Historical Issues - ST Jinggu's core subsidiary, Huiyin Wood Industry, which previously contributed 90% of its revenue, is facing severe financial distress, with all nine bank accounts frozen and production lines halted due to multiple legal disputes totaling 146 million yuan, representing 153.31% of the company's net assets [2]. - To mitigate the debt and operational risks associated with Huiyin Wood Industry, Chow Tai Fook Investment is acquiring 51% of its shares and will cover any losses incurred by ST Jinggu related to this subsidiary [2]. Group 2: Current Financial Situation - ST Jinggu is in a precarious financial position, needing to increase its main business revenue to avoid delisting risks, especially after the divestment of Huiyin Wood Industry [2]. - Chow Tai Fook Investment's injection of computing assets aims to establish a dual business model of "computing power + forestry" to enhance ST Jinggu's revenue base [2]. Group 3: Future Prospects - The newly injected asset, Boda Digital Technology, was established on April 28 this year with a registered capital of 300 million yuan and is currently fully owned by Chow Tai Fook Investment [2]. - Boda Digital Technology has generated revenue of 640.61 million yuan and a net profit of 220.07 million yuan from May to July, with a net asset value of 197 million yuan as of the end of July [3][4]. - The company operates 135 computing power devices, primarily leased to a single client under a 60-month contract, indicating a need for further client diversification and operational capacity [4].

Core Viewpoint - ST Jinggu is undergoing a significant transformation supported by its controlling shareholder, Chow Tai Fook Investment, focusing on a shift towards computing power and digitalization [1][2]. Group 1: Shareholder Support and Asset Transfer - Chow Tai Fook Investment plans to donate 51% of its stake in Shanghai Boda Digital Technology Co., Ltd. to ST Jinggu at no cost, indicating strong shareholder backing and confidence in the company's transformation [1][4]. - The donated asset, Boda Digital, is a profitable company with nearly 200 million yuan in net assets, showcasing the strength of Chow Tai Fook Investment [1][4]. - The transfer of Boda Digital's stake will improve ST Jinggu's financial performance by including it in the consolidated financial statements [4]. Group 2: Business Strategy and Risk Management - ST Jinggu's traditional business, primarily in engineered wood products, faces challenges such as market restructuring, economic fluctuations, and stricter environmental regulations [3]. - To mitigate risks, Chow Tai Fook Investment plans to divest ST Jinggu's risk-laden asset, Tai County Huiyin Wood Industry Co., Ltd., by acquiring its 51% stake for cash [1][7]. - The divestment is a response to significant issues at Huiyin Wood, including a 19 million yuan inventory loss and numerous legal disputes totaling approximately 150 million yuan [7]. Group 3: Digital Transformation and Future Prospects - The integration of Boda Digital's computing power services aligns with Chow Tai Fook's broader digital transformation strategy, which aims to enhance operational efficiency and decision-making [8][9]. - The Chinese intelligent computing market is projected to grow significantly, reaching approximately 200 billion yuan by 2025, providing ample opportunity for ST Jinggu's transformation [10]. - The collaboration between ST Jinggu's traditional forestry operations and new computing power services could lead to improved efficiency and competitiveness in the market [9][10].

Core Viewpoint - Chow Tai Fook Investment Holdings Limited is providing significant support to ST Jinggu, including a 51% stake transfer of its subsidiary, Shanghai Boda Digital Technology Co., Ltd., to ST Jinggu without any payment or obligations, alongside a loan application of 60 million yuan to alleviate liquidity issues [2][3][4] Group 1: Historical Context - ST Jinggu's core subsidiary, Huiyin Wood Industry, which previously contributed 80-90% of its revenue, is currently facing operational challenges, with all nine bank accounts frozen and production lines halted due to multiple civil loan disputes [3][4] - The company has disclosed 26 legal cases with a total amount of 146 million yuan, representing 153.31% of the latest audited net assets attributable to shareholders [4] Group 2: Current Financial Situation - Chow Tai Fook Investment's actions aim to isolate Huiyin Wood Industry's debts and operational risks, while also committing to cover any actual losses incurred by ST Jinggu related to Huiyin Wood Industry until the completion of the stake transfer [4][5] - ST Jinggu is at risk of triggering delisting warnings due to a potential sharp decline in its main business scale after the divestment of Huiyin Wood Industry [4][5] Group 3: Future Prospects - Chow Tai Fook Investment is injecting computing power assets into ST Jinggu to establish a dual business model of "computing power + forestry," which is expected to enhance revenue generation [4][5] - Shanghai Boda Digital Technology Co., Ltd. was established on April 28 this year, with a registered capital of 300 million yuan, and will hold 51% of its shares post-transaction [5][6] Group 4: Financial Performance of Boda Digital - From May to July, Boda Digital reported revenues of 640.61 million yuan and a net profit of 220.07 million yuan, with a net asset value of 197 million yuan as of the end of July [5][6] - The company has signed a five-year contract with a single client, generating an average monthly revenue of over 600,000 yuan [6][7]

Core Points - Yunnan Jinggu Forestry Co., Ltd. has released its company charter for September 2025, detailing regulations for organization and operations to protect the rights of the company, shareholders, and creditors [1] - The company was established in 1999 with approval from the Yunnan provincial government and was listed on the Shanghai Stock Exchange in 2000, with a registered capital of 129.8 million yuan and a total of 129.8 million shares [1] Business Objectives and Scope - The company relies on technology to pursue high-quality, high-yield, efficient, and sustainable development, with a wide range of operations including import and export of forest chemical products, production, and manufacturing of engineered wood, and forest resource cultivation [2] - The company adheres to principles of openness, fairness, and justice in share issuance, with restrictions on financial assistance for acquiring shares and limitations on the transfer of shares held by directors and executives [2] - Capital can be increased or decreased through various methods, and share buybacks are allowed under specific circumstances, with strict decision-making procedures [2] - The company can implement stock incentive plans, which require special resolutions from the shareholders' meeting and legal opinions from law firms [2] Corporate Governance Structure - Shareholders have rights and obligations based on shareholding categories, with detailed regulations on the procedures for convening, proposing, notifying, and voting at shareholders' meetings [3] - The board of directors consists of seven members and is responsible for convening shareholders' meetings, executing resolutions, and determining business plans, with established rules for board meetings [3] - Independent directors must maintain independence and fulfill their duties, with the board having specialized committees for audit, strategy and investment, nomination, and remuneration [3] - The general manager and senior executives are appointed by the board and are subject to similar restrictions and obligations as directors [3] Financial, Profit Distribution, and Audit - The company has established a financial accounting system in accordance with regulations and discloses periodic reports [4] - Profit distribution policies include the order of reserve fund extraction and profit distribution, along with decision-making mechanisms and adjustment procedures [4] - An internal audit system is in place, with the internal audit institution reporting to the board and being supervised by the audit committee [4] - The shareholders' meeting decides on the hiring and dismissal of accounting firms [4] Other Important Matters - Notifications can be issued through various means, and specific media and websites are designated for announcements [4] - Clear regulations exist for company mergers, divisions, capital increases, reductions, dissolution, and liquidation [4] - Amendments to the charter require resolutions from the shareholders' meeting and must comply with approval and registration procedures [4]

第二章 审计委员会的人员组成和任期 第四条 审计委员会成员由董事会从不在公司担任高级管理人员的董事中任 免，不受其他部门干涉。审计委员会成员由 3 名董事组成，其中独立董事不少于 2 名。 第五条 审计委员会全部成员均须具有能够胜任审计委员会工作职责的专业 知识和商业经验。 第六条 审计委员会设召集人 1 名，由独立董事担任，负责主持委员会工作。 审计委员会召集人应当为会计专业人士。 云南景谷林业股份有限公司 云南景谷林业股份有限公司 董事会审计委员会工作细则 第一章 总则 第一条 为了强化云南景谷林业股份有限公司（以下简称"公司"）董事会 决策功能，确保董事会对经理层的有效监督，提高治理水平，规范公司董事会审 计委员会的运作，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》《上市公司治理准则》《企业内部控制基本规范》《上 海证券交易所股票上市规则》（以下简称"《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、规范性文件及《云南 景谷林业股份有限公司章程》（以下简称"《公司章程》"）的有关规定，公司 设立董事会审计委员会（以下简称"审计 ...

云南景谷林业股份有限公司 云南景谷林业股份有限公司 关联交易管理制度 二○二五年九月 云南景谷林业股份有限公司 云南景谷林业股份有限公司关联交易管理制度 第一章 总则 第一条 为规范云南景谷林业股份有限公司（以下简称"公司"）关联交易行 为，提高公司规范运作水平，保护公司和全体股东的合法权益，根据《中华人民 共和国公司法》《中华人民共和国证券法》《上海证券交易所股票上市规则》（以 下简称"《上市规则》"）和《上海证券交易所上市公司自律监管指引第 5 号—交 易与关联交易》《上海证券交易所上市公司自律监管指南第 1 号—公告格式》等 法律法规和规范性文件、《云南景谷林业股份有限公司章程》（以下简称"《公司 章程》"）等规定，制订本制度。 第二条 公司关联交易应当定价公允、决策程序合规、信息披露规范。本制 度适用于公司、公司控股子公司及控制的其他主体。 第三条 公司董事会下设审计委员会履行公司关联交易控制和日常管理的职 责。 第二章 关联人及关联交易认定 第四条 本制度所指的关联人包括关联法人和关联自然人。 第五条 具有以下情形之一的法人（或者其他组织），为公司的关联法人（或 者其他组织）： （一）直接或者间接控 ...

云南景谷林业股份有限公司 信息披露暂缓与豁免业务内部管理制度 第一章 总 则 第一条 为规范云南景谷林业股份有限公司(以下简称"公司")信息披露暂 缓与豁免行为、保护投资者合法权益、保证公司依法合规履行信息披露义务， 根据《中华人民共和国保守国家秘密法》《中华人民共和国证券法》《上市公司 信息披露管理办法》《上市公司信息披露暂缓与豁免管理规定》《上海证券交易 所股票上市规则》（以下简称"《上市规则》"）等相关法律、法规，以及《公司 章程》、公司《信息披露管理制度》的相关规定，制定本制度。 第二条 公司按照《上市规则》及其他相关法律、法规、规范性文件的规定， 暂缓、豁免披露临时报告，在定期报告、临时报告中豁免披露中国证券监督管 理委员会和上海证券交易所规定或者要求披露的内容，适用本制度。 第三条 公司应当真实、准确、完整、及时、公平地披露信息，不得滥用暂 缓或者豁免披露规避信息披露义务、误导投资者，不得实施内幕交易、操纵市 场等违法行为。 第二章 暂缓、豁免披露信息的范围和条件 第四条 公司应当审慎确定信息披露暂缓、豁免事项，履行内部审核程序后 实施。暂缓、豁免事项的范围原则上应当与公司股票首次在上海证券交易所 ...