证券代码：600358 证券简称：ST 联合 公告编号：2025-临 075 国旅文化投资集团股份有限公司 关于出售公司部分债权暨关联交易完成的公告 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。 一、本次关联交易的基本情况 2025年7月22日，公司召开董事会2025年第七次临时会议，审议通过《关于 出售公司部分债权暨关联交易的议案》，并于2025年8月8日经公司2025年第三次 临时股东大会审议通过，同意公司采取非公开协议转让的方式，将公司拥有的樟 树市毅炜投资管理中心（有限合伙）（以下简称"毅炜投资"）有关北京新线中 视文化传播有限公司（以下简称"新线中视"）业绩补偿款的相关债权及其从权 利，按照经备案的债权评估价值，以人民币3,724.00万元的价格转让给公司控股 股东江西省旅游集团股份有限公司（以下简称"江旅集团"）。 具体内容详见公司于2025年7月23日在指定信息披露媒体披露的《国旅文化 投资集团股份有限公司关于出售公司部分债权暨关联交易的公告》（公告编号： 2025-临060）。 二、本次关联交易的进展情况 1 ...

Core Viewpoint - The report outlines the independent financial advisory opinion regarding the acquisition of 100% equity in RunTian Industrial Co., Ltd. by GuoLv Cultural Investment Group Co., Ltd. through a combination of share issuance and cash payment, along with the associated fundraising and related party transactions [1][2]. Group 1: Transaction Overview - The transaction involves issuing shares and cash payment to acquire 100% of RunTian Industrial Co., Ltd., with a total transaction price of 3,009 million yuan [3][5]. - The main business of the target company is the production and sale of bottled drinking water, classified under beverage manufacturing [3][5]. - The transaction is structured as a related party transaction and is considered a significant asset restructuring [4][11]. Group 2: Financial Impact - The transaction is expected to significantly enhance the company's total assets, net assets, operating income, and net profit, while reducing the asset-liability ratio, thereby improving the company's risk resistance and profitability [14][15]. - The financial data comparison before and after the transaction indicates a substantial increase in total assets from 46,850.02 million yuan to 226,487.31 million yuan, and a rise in operating income from 11,591.81 million yuan to 50,420.04 million yuan, reflecting a growth rate of 334.96% [14][15]. Group 3: Share Structure and Control - The transaction will not change the actual controller of the company, which remains the Jiangxi Provincial State-owned Assets Supervision and Administration Commission [12][11]. - Post-transaction, Jiangxi Maitong will hold 28.86% of the shares, becoming a controlling shareholder, while the total share capital will increase to 1,163,155,409 shares [12][13]. Group 4: Fundraising and Use of Proceeds - The company plans to raise up to 1,200 million yuan through the issuance of shares, with 75.23% allocated for cash consideration and 24.78% for repaying bank loans and supplementing working capital [7][9]. - The final issuance price will be determined based on the average trading price of the company's shares prior to the issuance [8][10]. Group 5: Performance Commitments - The performance commitment period for the target company is set for three consecutive fiscal years post-transaction, with net profit targets of 171.99 million yuan, 182.53 million yuan, and 194.30 million yuan for the years 2025, 2026, and 2027 respectively [19][20]. - If the actual net profit does not meet the commitments, the performance commitment parties will compensate the company with shares obtained from the transaction [21][22]. Group 6: Investor Protection Measures - The company has engaged independent financial and legal advisors to ensure fair pricing and compliance with legal requirements for the transaction [16][17]. - Measures include strict adherence to information disclosure obligations, ensuring that minority shareholders' interests are protected through separate voting results and avoiding conflicts of interest during board meetings [18][17].

证券代码：600358 证券简称：ST 联合 上市地：上海证券交易所 国旅文化投资集团股份有限公司 发行股份及支付现金购买资产 声 明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 并募集配套资金暨关联交易报告书 （草案） 项 目 交易对方 江西迈通健康饮品开发有限公司 发行股份及支付现金购买资产 江西润田投资管理有限公司 南昌金开资本管理有限公司 募集配套资金 不超过 35 名特定投资者 独立财务顾问 签署日期： 2025 年 8 月 一、上市公司声明 本公司及本公司全体董事、高级管理人员保证上市公司及时、公平地披露信息， 保证本报告书及其摘要内容的真实、准确、完整，不存在虚假记载、误导性陈述或者 重大遗漏，保证本报告书所引用的相关数据的真实性和合理性，并对所提供信息的真 实性、准确性、完整性负相应的法律责任。 如本次交易所披露或提供的信息涉嫌虚假记载、误导性陈述或者重大遗漏，被司 法机关立案侦查或者被中国证监会立案调查的，在形成调查结论以前，不转让在该上 市公司拥有权益的股份，并于收到立案稽查通知的两个交易日内将暂停转让的书面申 请和股票账户提交上市公司董事会，由董事会代其向证券交易 ...

国旅文化投资集团股份有限公司 2025 年第四次临时股东大会文件 国旅文化投资集团股份有限公司 2025年第四次临时股东大会文件 2025 年 9 月 10 日 1 国旅文化投资集团股份有限公司 2025 年第四次临时股东大会文件 | | | | 2025 年第四次临时股东大会议程 4 | | --- | | 议案一：关于本次重组符合相关法律、法规规定的议案 7 | | 议案二：关于本次重大资产重组方案的议案 8 | | 议案三：关于本次交易构成重大资产重组但不构成重组上市的议案 21 | | 议案四：关于本次重组构成关联交易的议案 23 | | 议案五：关于《国旅文化投资集团股份有限公司发行股份及支付现金购买资产并募集配套 | | 资金暨关联交易报告书（草案）》及其摘要的议案 24 | | 议案六：关于签署本次重组相关交易协议的议案 25 | | 议案七：关于批准本次重组有关审计报告、备考审阅报告及资产评估报告的议案 26 | | 议案八：关于本次重组评估机构独立性、评估假设前提合理性、评估方法与评估目的相关 | | 性以及评估定价公允性的议案 27 | | 议案九：关于本次重组摊薄即期回报情况、填补措施及 ...

国旅文化投资集团股份有限公司 关于披露重组报告书暨一般风险提示性公告 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。 国旅文化投资集团股份有限公司（以下简称"公司"或"上市公司"）拟以 发行股份及支付现金的方式购买江西润田实业股份有限公司（以下简称"润田实 业"或"标的公司"）100%股份并募集配套资金（以下简称"本次交易"或"本 次重组"）。 证券代码：600358 证券简称：ST 联合 公告编号：2025-临 073 本次交易尚需公司股东大会审议批准，并经有权监管机构批准、核准或同意 注册，本次交易能否取得前述批准、核准或同意注册及取得的时间均存在不确定 性。 公司将继续推进本次交易的相关工作，并严格按照有关法律、法规的要求履 行信息披露义务，所有信息均以在公司指定信息披露媒体刊登的公告为准。敬请 广大投资者关注后续公告，注意投资风险。 特此公告。 国旅文化投资集团股份有限公司董事会 议通过了《关于 <国旅文化投资集团股份有限公司发行股份及支付现金购买资产> 并募集配套资金暨关联交易报告书（草案）>及其摘要的议案》等与本次 ...

证券代码：600358 证券简称：ST 联合 公告编号：2025-临 070 （二）以 3 票同意，0 票反对，0 票弃权，逐项审议通过《关于本次重大资 产重组方案的议案》。本议案尚需提交股东大会审议。 国旅文化投资集团股份有限公司 监事会 2025 年第四次临时会议决议公告 本公司监事会及全体监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。 一、监事会召开情况 国旅文化投资集团股份有限公司（以下简称"公司"或"上市公司"）监事 会2025年第四次临时会议通知于2025年8月20日以电话、邮件等方式发出，本次 会议于2025年8月25日上午9:30在江西省南昌市东湖区福州路169号江旅产业大 厦A座19层会议室，以现场结合通讯表决的方式召开。本次会议应出席监事3名， 实际出席监事3名。本次会议的出席人数符合召开监事会会议的法定人数。本次 会议由监事会主席蔡丰先生主持，公司高管人员列席了本次会议。本次会议的通 知、召开、表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）、 《公司章程》等相关规定，会议形成的决议合法、有效。 二、监事会会 ...

Core Viewpoint - The report outlines the equity change of Guolv Cultural Investment Group Co., Ltd. (ST Lianhe), indicating that Jiangxi Runtian Investment Management Co., Ltd. will increase its stake in the company by acquiring shares through asset subscription [1][2]. Group 1: Equity Change Details - Jiangxi Runtian Investment will acquire 24.7% of Jiangxi Runtian Industrial Co., Ltd. and will hold 162,580,031 shares in ST Lianhe after the transaction, representing 13.98% of the total shares [7][8]. - The total transaction price for the acquisition is set at 743.223 million yuan, with 520.256 million yuan paid in shares and 222.967 million yuan in cash [12][16]. - The transaction is subject to several approvals, including from state-owned asset regulatory authorities and the shareholders' meeting of the listed company [2][14]. Group 2: Financial and Operational Information - Jiangxi Runtian Industrial Co., Ltd. reported total assets of 1.635 billion yuan and total liabilities of 427.976 million yuan as of December 31, 2024, indicating a strong equity position [16]. - The company generated operating revenue of 1.260 billion yuan in 2024, with a net profit of 175.675 million yuan, reflecting a growth compared to the previous year [16][17]. - The valuation of Jiangxi Runtian Industrial was assessed at 3.009 billion yuan, with a premium rate of 153.83% based on the income approach [17].

Core Viewpoint - The company is planning a major asset restructuring by acquiring 100% of Jiangxi Runtian Industrial Co., Ltd. through a combination of issuing shares and cash payments, while also raising matching funds from specific investors [2][3][28]. Group 1: Board Meeting and Resolutions - The board meeting was held on August 25, 2025, with all seven directors present, and the resolutions passed were in compliance with relevant laws and regulations [1]. - The board approved the proposal regarding the restructuring's compliance with legal requirements, which will be submitted to the shareholders' meeting for further approval [2][3]. Group 2: Transaction Structure - The transaction involves issuing shares and cash payments to acquire 100% of Jiangxi Runtian Industrial, with the issuance of shares being a prerequisite for raising matching funds [3][4]. - The shares to be issued are ordinary shares (A shares) with a par value of RMB 1.00, listed on the Shanghai Stock Exchange [3][4]. Group 3: Pricing and Valuation - The pricing for the share issuance is set at RMB 3.20 per share, which is above the 80% threshold of the average trading price over the last 60 trading days [4][5]. - The total assessed value of Jiangxi Runtian Industrial's equity is RMB 3,009 million, based on evaluations conducted using both market and income approaches [7][9]. Group 4: Payment Structure - The payment structure includes cash payments and share issuance to the shareholders of Jiangxi Runtian Industrial, with specific amounts allocated to each shareholder based on their ownership percentages [8][9]. - The total cash payment amounts to RMB 902.7 million, which constitutes 75.23% of the total funds raised [25][26]. Group 5: Lock-up Period and Performance Commitments - The shareholders receiving shares from the transaction are subject to lock-up periods, with Jiangxi Maitong committing to a 36-month lock-up and other parties to a 12-month lock-up [10][11]. - Performance commitments are established for the acquired company, with specific profit targets set for the years following the transaction [16][21]. Group 6: Fundraising and Use of Proceeds - The company plans to raise up to RMB 1,200 million through the issuance of shares to specific investors, with the proceeds primarily used for cash payments related to the acquisition and to repay bank loans [25][26]. - The fundraising will not exceed 100% of the transaction price for the asset acquisition, and the total number of shares issued will not exceed 30% of the company's total share capital post-transaction [24][25]. Group 7: Regulatory Compliance and Reporting - The restructuring is classified as a major asset restructuring but does not constitute a restructuring listing, ensuring compliance with regulatory requirements [28]. - The company has prepared relevant reports and agreements to ensure transparency and adherence to legal standards throughout the transaction process [29][30].

Core Viewpoint - The independent financial advisor, Guosheng Securities, conducted a special review regarding the impact of the transaction on the immediate return dilution for Guolv Cultural Investment Group Co., Ltd. and proposed measures to mitigate this dilution risk [3][6]. Financial Impact of the Restructuring - The basic earnings per share (EPS) for the listed company are projected to be -0.13 CNY/share for 2024 and -0.03 CNY/share for the first four months of 2025. Post-transaction, the expected EPS will improve to 0.10 CNY/share for 2024 and 0.04 CNY/share for early 2025, indicating an increase in net profit attributable to shareholders [3][4]. Measures to Mitigate Return Dilution - The company plans to enhance its governance structure and internal control systems to improve profitability and protect minority shareholders' interests. Specific measures include: - Accelerating the integration of the target company to achieve expected benefits [4]. - Continuously improving corporate governance to enhance operational efficiency [4]. - Refining profit distribution policies to maintain shareholder interests while ensuring sustainable development [5]. Commitments from Major Stakeholders - The controlling shareholders and senior management have made commitments to ensure the implementation of measures to mitigate return dilution. These commitments include: - Not interfering with the company's management or infringing on its interests [6]. - Ensuring that their actions align with the company's return measures and accepting legal responsibility for any violations [6]. - Linking compensation and incentive policies to the execution of return measures [6]. Verification Opinion - The independent financial advisor concluded that the analysis of the immediate return dilution is reasonable and that the restructuring is not expected to result in such dilution. The commitments made by stakeholders align with regulatory requirements aimed at protecting minority investors' rights [6].

Core Viewpoint - The restructuring of Guolv Culture Investment Group Co., Ltd. does not constitute a major asset restructuring as defined by the relevant regulations, specifically Article 13 of the Major Asset Restructuring Management Measures for Listed Companies [1] Group 1: Restructuring Details - The controlling shareholder of the listed company before the restructuring was Jiangxi Tourism Group Co., Ltd. [1] - After the restructuring, the controlling shareholder will be Jiangxi Maitong Health Beverage Development Co., Ltd., which is controlled by Jiangxi Tourism Group [1] - The actual controller of the listed company remains the Jiangxi Provincial State-owned Assets Supervision and Administration Commission, indicating no change in control of the listed company [1] Group 2: Regulatory Compliance - The actual controller of the listed company has not changed in the past thirty-six months prior to the restructuring [1] - Therefore, the restructuring does not meet the criteria for a restructuring listing as per the specified regulations [1]