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。 茲提述該等公告，內容為有關現有持續關連交易協議及其項下之交易。誠如該等公告所披露，現有 持續關連交易協議的有效期為自2024年1月1日起至2025年12月31日止。鑒於現有持續關連交易協議 將於2025年12月31日到期，同時本集團預計此後將會與廣藥集團及其附屬公司繼續進行類似交易， 本公司於2025年12月22日與廣藥集團簽訂了一份新持續關連交易協議，期限自2026年1月1日起至 2026年12月31日止。 1 新持續關連交易協議 新持續關連交易協議 鑒於現有持續關連交易協議將於2025年12月31日到期，同時本集團預計此後將會與廣藥集團及其 附屬公司繼續進行類似交易，本公司於2025年12月22日與廣藥集團簽訂了一份新持續關連交易協 議，期限自2026年1月1日起至2026年12月31日止。 香港上市規則涵義 於本公告日期，廣藥集團為本公司的控股股東，持有本公司約45.04%的已發行股本，故其為本公 ...

Core Viewpoint - The company, Baiyunshan (00874), has approved investments through its subsidiary, Guangyao Phase II Fund, into two new funds aimed at enhancing its presence in the biopharmaceutical sector, particularly in innovative drugs, modern traditional Chinese medicine, and high-end medical devices [1] Group 1 - The board approved a partnership agreement for Guangyao Phase II Fund with Guangyao Capital and Guangkai Fund, with respective contributions of RMB 97.5 million, RMB 2.5 million, and RMB 100 million to establish the Guangyao Guangkai Fund [1] - A second partnership agreement was approved for Guangyao Phase II Fund with Guangyao Capital, Angel Mother Fund, and Liwan Industrial Investment Fund, with contributions of RMB 99.5 million, RMB 3.5 million, RMB 98.5 million, and RMB 98.5 million to establish the Guangyao Liwan Fund [1] - These investments align with the investment direction of Guangyao Phase II Fund, aiming to expand its investment scale, diversify risks, and accelerate investment pace and efficiency [1] Group 2 - The strategy involves early, small, and future-oriented investments to engage with quality enterprises at the source, fostering and incubating potential companies [1] - The approach is designed to facilitate technological upgrades and value chain extensions, transitioning the company from a traditional business model to one driven by technological innovation [1] - This transition is expected to lay a solid foundation for high-quality development [1]

Core Viewpoint - The company has approved investments through its subsidiary, which will enhance its presence in the biopharmaceutical sector and support its transition towards a technology-driven development model [1] Group 1: Investment Agreements - The board approved a partnership agreement involving the establishment of the Guangyao Guangkai Fund, with contributions of RMB 97.5 million from Guangyao Phase II Fund, RMB 2.5 million from Guangyao Capital, and RMB 100 million from Guangkai Fund [1] - Another partnership agreement was approved for the establishment of the Guangyao Liwan Fund, with contributions of RMB 99.5 million from Guangyao Phase II Fund, RMB 3.5 million from Guangyao Capital, RMB 98.5 million from Angel Mother Fund, and RMB 98.5 million from Liwan Industrial Investment Fund [1] Group 2: Strategic Objectives - The investments align with the Guangyao Phase II Fund's investment direction, aiming to expand its investment scale, diversify risks, and accelerate investment pace and efficiency [1] - The company intends to strengthen its layout in innovative drugs, modern traditional Chinese medicine, and high-end medical devices, focusing on early-stage investments in quality enterprises to foster potential companies [1] - This strategy is designed to facilitate technological upgrades and value chain extensions, laying a solid foundation for high-quality development [1]

格隆汇12月22日丨白云山(00874.HK)公告，于2025年12月22日，董事会批准公司附属企业广药二期基金 与广药资本、广开基金订立合伙协议一。据此，广药二期基金、广药资本、广开基金分别出资人民币 9,750.00万元、人民币250.00万元、人民币10,000.00万元参与设立广药广开基金。 截至本公告日期，合伙协议一和合伙协议二尚未正式签署。公司将根据香港上市规则规定于合伙协议签 署后另行刊发公告。公司股东及潜在投资者于买卖公司股份时，务请审慎行事。 于同日，董事会批准广药二期基金与广药资本、天使母基金、荔湾产投基金订立合伙协议二。据此，广 药二期基金、广药资本、天使母基金、荔湾产投基金分别出资人民币9,950.00万元、人民币350.00万 元、人民币9,850.00万元、人民币9,850.00万元参与设立广药荔湾基金。 ...

Core Viewpoint - The company aims to expand its investment scale, diversify investment risks, accelerate investment pace, and improve investment efficiency through the establishment of the Guangzhou Liwan Pharmaceutical Venture Capital Fund [1][2] Group 1: Investment Details - The company’s board approved the subscription of limited partnership shares in the Guangzhou Liwan Pharmaceutical Venture Capital Fund, which will be established in collaboration with several partners [1] - The total fundraising target for the Guangzhou Liwan Fund is 300 million yuan, with the company contributing 99.5 million yuan, representing 33.17% of the fund [1] Group 2: Strategic Implications - This investment aligns with the strategic direction of the company’s second phase fund, enhancing its presence in innovative pharmaceuticals, modern traditional Chinese medicine, and high-end medical devices [2] - The approach of "investing early, investing small, and investing in the future" aims to engage with quality enterprises at their inception, fostering potential companies and accelerating technological upgrades and value chain extensions [2]

Group 1 - The core viewpoint of the news is that Baiyunshan (600332.SH) has approved a partnership to establish the Guangzhou Guangyao Guangkai Venture Capital Fund to expand investment scale, diversify investment risks, and enhance investment efficiency [1][2] - The Guangyao Guangkai Fund aims to have a target size of 300 million yuan, with an initial fundraising goal of 200 million yuan [1] - The Baiyao Phase II Fund will contribute 97.5 million yuan, accounting for 48.75% of the fund, while Guangyao Capital and Guangkai Fund will contribute 2.5 million yuan and 100 million yuan, accounting for 1.25% and 50.00% respectively [1] Group 2 - This investment aligns with the investment direction of the Baiyao Phase II Fund and is expected to strengthen the company's presence in innovative pharmaceuticals, modern traditional Chinese medicine, and high-end medical devices [2] - The strategy of "investing early, investing small, and investing in the future" aims to engage with quality enterprises at the source, fostering potential companies and accelerating technological upgrades and value chain extensions [2] - This initiative is part of the company's transition from a traditional business model to a technology-driven development model, laying a solid foundation for high-quality growth [2]

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。 香港上市規則的涵義 於本公告日期，本公司控股股東廣藥集團持有廣藥資本80%的權益。因此，廣藥資本為香港上市 規則所界定的本公司關連人士之聯繫人。因此，根據香港上市規則第14A章，合夥協議項下擬進 行的該等交易構成本公司的關連交易。 1 由於合夥協議項下擬進行的該等交易單獨或合併計算之所有適用百分比率（定義見香港上市規則 第14.07條）中最高者超過0.1%但低於5%，故該等交易須遵守香港上市規則第14A章項下的申報及 公告規定，惟獲豁免遵守獨立股東批准之規定。 關連交易 參與設立廣藥廣開基金和廣藥荔灣基金 合伙協議一 於2025年12月22日，董事會批准本公司附屬企業廣藥二期基金與廣藥資本、廣開基金訂立合夥協 議一。據此，廣藥二期基金、廣藥資本、廣開基金分別出資人民幣9,750.00萬元、人民幣250.00 萬元、人民幣10,000.00萬元參與設立廣藥廣開基金。 合伙協議二 於同日，董事會批准廣藥二期 ...

广药广开基金拟注册于广州市黄埔区，目标规模为3.00亿元，首期募集资金规模为2.00亿元，广药二期 基金拟出资0.975亿元，占比48.75%；广药资本拟出资0.025亿元，占比1.25%；广开基金拟出资1.00亿 元，占比50.00%。 本次投资符合广药二期基金的投资方向，有利于扩大广药二期基金投资规模、分散投资风险及加快投资 步伐、提高投资效率，将加强本公司在创新药、现代中药、高端医疗器械等生物医药前沿领域的布局， 通过"投早、投小、投未来"，前瞻介入优质企业源头，培育孵化潜力企业，加快实现技术升级与价值链 延伸，推动本公司从传统业务模式向以科技创新驱动发展的模式转变，为高质量发展奠定坚实基础。 格隆汇12月22日丨白云山(600332.SH)公布，为扩大投资规模、分散投资风险及加快投资步伐、提高投 资效率，2025年12月22日，本公司第九届董事会第三十二次会议审议通过了《关于广州广药二期基金股 权投资合伙企业（有限合伙）认购广州广药广开创业投资基金合伙企业（有限合伙）有限合伙份额暨关 联交易的议案》，同意广药二期基金与广药资本、广州开发区投资基金管理有限公司（"广开基金"）合 作设立广药广开基金并签署 ...

证券代码：600332 证券简称：白云山 公告编号：2025－093 广州白云山医药集团股份有限公司 2025 年度"提质增效重回报"行动方案落实情况的 半年度评估报告 | 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。 | 为进一步提高公司发展质量，践行"以投资者为本"的发展理念， 增强投资者回报，广州白云山医药集团股份有限公司（"公司"）积极 响应上海证券交易所《关于开展沪市公司"提质增效重回报"专项行动 的倡议》，制定并实施了 2025 年度"提质增效重回报"行动方案。自行 动方案发布以来，公司积极推动落实相关工作，取得阶段性进展和成效。 现将有关情况公告如下： 一、聚焦主责主业，夯实产业链条，努力提升经营质量和效益 2025年，公司持续专注于生物医药健康产业领域，聚焦主责主业， 依靠产业优势，积极推进生产经营各项工作，不断提升经营质量和核心 竞争力。 （一）深耕主业，夯实各业务产业链条，努力提升经营质量和效益 公司持续深耕医药及大健康产业，进一步夯实产业链条。一是做实 产业上游。持续推进中药材种 ...

证券代码：600332 证券简称：白云山 公告编号：2025-092 广州白云山医药集团股份有限公司 关于附属企业参与投资设立广州荔湾广药创业投资 基金合伙企业（有限合伙）暨关联交易的公告 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： 广州白云山医药集团股份有限公司（"本公司"）附属企业广州广药二 期基金股权投资合伙企业（有限合伙）（"广药二期基金"）拟投资 0.995 亿元 认购广州荔湾广药创业投资基金合伙企业（有限合伙）（暂定名，以工商登记为 准，"广药荔湾基金"、"基金"、"合伙企业"）有限合伙份额（"本次投资"） 并签署《广州荔湾广药创业投资基金合伙企业（有限合伙）合伙协议》（"《合 伙协议》"），占广药荔湾基金认缴出资总额的 33.17%。 广药二期基金的管理人为广州广药资本私募基金管理有限公司（"广药 资本"），广药资本是本公司控股股东广州医药集团有限公司（"广药集团"） 持股 80%的控股子公司。广药资本作为执行事务合伙人、基金管理人和普通合伙 人认缴出资 0.035 亿元。本公司副董事长程宁女 ...