Core Viewpoint - Gree Jin Investment, the largest shareholder of ST Changyuan, plans to reduce its stake by up to 39.56 million shares, representing 3% of the total share capital, due to prudent risk management considerations [1] Shareholding Structure - Gree Jin Investment and its concerted parties currently hold 189.7 million shares, accounting for 14.38% of the total share capital [1] - After the planned reduction, Gree Jin Investment may no longer be the largest shareholder if other shareholders' rights change [1] Reduction Plan - The reduction is set to occur within 90 days from the announcement date, specifically from October 10, 2025, to January 7, 2026, excluding any legal restrictions [1] - The shares will be sold through centralized bidding [1] Uncertainty Factors - The company does not have a controlling shareholder or actual controller, which adds uncertainty to the implementation of the reduction plan [1]

Core Viewpoint - ST Longyuan is experiencing intensified internal conflicts among its major shareholders, leading to frequent dissenting votes in board meetings, particularly regarding personnel changes and asset transactions [2][10][15] Group 1: Board Meetings and Shareholder Dynamics - The recent board meetings have seen two non-independent directors representing the largest shareholder consistently voting against key proposals, indicating a shift in internal governance dynamics [2][9] - A notable incident occurred where a board meeting was held twice for the same agenda, raising questions about the company's governance practices and transparency [3][5] - The board's decision-making process has been criticized for not adhering to regulatory guidelines, particularly concerning the handling of related party transactions [5][10] Group 2: Financial Performance and Asset Management - ST Longyuan's stock price has been underperforming, with a decline of over 21% since last year, contrasting sharply with the broader market's gains [2][10] - The company reported a significant net loss of 343.9 million yuan in the first half of the year, attributed to investment losses from the sale of a subsidiary [11][12] - Concerns have been raised about the potential sale of its subsidiary, Changyuan Gongchuang, which is a profitable asset, highlighting fears of losing core quality assets [12][13] Group 3: Shareholder Structure and Control - The largest shareholder, Gree Financial Investment, holds 14.38% of the shares, while the second and third largest shareholders collectively hold 15.86%, indicating a competitive shareholder landscape [13][14] - The ownership structure is complicated by the fact that shares held by the second and third largest shareholders are largely pledged, affecting their control over the company [14][15] - The recent change in the controlling shareholder from Gree Group to Zhuhai Technology Group may influence future governance and strategic decisions [14][15]

Core Viewpoint - ST Longyuan is experiencing intensified internal conflicts among major shareholders, particularly regarding executive appointments and board decisions, which reflects the company's ongoing struggles since the exit of Li Ka-shing's family and has led to a significant decline in stock performance despite broader market gains [1][12]. Group 1: Board Meetings and Decisions - The recent board meetings have seen unusual opposition from two non-independent directors representing the largest shareholder, indicating a shift in governance dynamics [1][6]. - A controversial board meeting held on July 4 was not disclosed until July 21, raising questions about the transparency and governance practices of ST Longyuan [2][4]. - The board's decision-making process has been criticized for not adhering to regulatory guidelines, particularly regarding the handling of related party transactions and the need for independent director approval [5][6]. Group 2: Financial Performance and Risks - ST Longyuan's stock price has significantly underperformed, dropping over 21% since September 2024, contrasting sharply with a 40% rise in the broader market [1][12]. - The company reported a net loss of 343.9 million yuan in the first half of the year, exacerbated by a 282 million yuan investment loss from the sale of a subsidiary [13][14]. - Concerns about the potential sale of its subsidiary, Changyuan Gongchuang, which is a key profit-generating asset, have been raised due to fears of losing core quality assets [15][14]. Group 3: Shareholder Dynamics - The ownership structure shows that the largest shareholder, Gree Financial Investment, holds 14.38% of shares, while the second and third largest shareholders collectively hold 15.86%, indicating a competitive shareholder landscape [15][16]. - The recent changes in board composition, including the resignation of key figures, may influence future decisions regarding asset sales and governance [8][9]. - The shift in control from Gree Group to Zhuhai Technology Group could further complicate the shareholder dynamics and impact the company's strategic direction [16][17].

Core Viewpoint - ST Changyuan has appointed Qiang Wei as the new president, following a series of leadership changes within the company, which has raised concerns regarding management stability and performance [2][3]. Leadership Changes - The board of ST Changyuan approved the appointment of Qiang Wei as president, effective immediately until the end of the ninth board term [2]. - Qiang Wei has held various positions within the company since 2010, including general manager of Changyuan Electric Technology Co., and has been the general manager of Changyuan Shenrui Automation Co. since 2022 [2]. - The appointment received 7 votes in favor and 2 against, with dissenting board members citing Qiang Wei's lack of attendance at shareholder meetings as a breach of the company's diligence obligations [2]. Previous Leadership Issues - The previous president, Wu Qiquan, resigned on April 29 for personal reasons, and was succeeded by Qiao Wenjian, who also resigned in less than six months due to regulatory compliance issues regarding board composition [3][4]. - Qiao Wenjian's term was originally set to end on January 9, 2028, but he had to step down from the presidency to comply with regulations limiting the number of dual-role executives on the board [3]. Financial Performance - ST Changyuan reported a revenue of 3.47 billion yuan for the first half of 2025, a slight decrease of 0.9% year-on-year [4]. - The company experienced a significant increase in net losses, from 46.99 million yuan in the previous year to 344 million yuan, indicating worsening financial health [4][5]. - The net cash flow from operations was -226 million yuan, although this represented a 4.1% improvement year-on-year [5].

强卫，男，1980 年出生，中国国籍，无境外永久居留权，本科学历。自 2010 年起历任长园深瑞继保自动化有限公司营销总监、总经理助理、长园电力技术有 限公司总经理，2022 年至今任长园深瑞继保自动化有限公司总经理，2024 年 1 月至今任公司副总裁。截至目前，强卫先生持有公司股票 403,200 股。 证券代码：600525 证券简称：ST长园 公告编号：2025085 长园科技集团股份有限公司 关于聘任公司总裁的公告 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。 长园科技集团股份有限公司（以下简称"公司"）第九届董事会第十二次会 议审议通过了《关于聘任公司总裁的议案》，同意聘任强卫先生担任公司总裁， 任期自本次董事会审议通过之日起至第九届董事会任期届满时止。表决结果：7 票同意，2 票反对，0 票弃权。强卫先生简历如下： 强卫先生具备担任公司高级管理人员的任职条件和履职能力，不存在《公司 法》《公司章程》中规定的不得担任公司高级管理人员的情形，不存在《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 ...

证券代码：600525 证券简称：ST长园 公告编号：2025084 长园科技集团股份有限公司 第九届董事会第十二次会议决议公告 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： 长园科技集团股份有限公司（以下简称"公司"）第九届董事会第十二次会 议于 2025 年 9 月 29 日以通讯方式召开，会议通知于 2025 年 9 月 27 日以电子邮 件发出。会议应参与表决董事 9 人，实际参与表决董事 9 人。本次会议的召集和 召开程序符合《中华人民共和国公司法》及《公司章程》的规定。 本次会议审议通过了《关于聘任公司总裁的议案》。原总裁乔文健先生因职 务变动辞去公司总裁职务，根据《公司法》《公司章程》等有关规定，公司聘任 强卫先生担任公司总裁，任期自本次董事会审议通过之日起至第九届董事会任期 届满时止。公司 2025 年第十次独立董事专门会议已对总裁人选任职资格进行审 查。具体详见公司 2025 年 9 月 30 日在上海证券交易所网站（www.sse.com.cn） 披露的《关于聘任公司总裁的公告》（公告编号 ...

Core Viewpoint - The company held its 11th meeting of the 9th Board of Directors, where several key resolutions were passed, including the election of a new chairman and the extension of the employee stock ownership plan [2][4][6]. Group 1: Board Resolutions - The Board elected Mr. Qiao Wenjian as the chairman, with a term lasting until the end of the current board's tenure [2][3]. - The Board approved the appointment of Mr. Guan Tianwu as a member and chairman of the Audit Committee, and Mr. Qiao Wenjian as a member and chairman of the Strategy Committee [4][5]. - The employee stock ownership plan's duration was extended by 12 months, now set to expire on November 8, 2026 [6][15]. Group 2: Voting Results - The resolutions regarding the election of the chairman and the committee members received 7 votes in favor and 2 against, with dissenting votes citing violations of regulations regarding board composition [3][5]. - The resolution to extend the employee stock ownership plan was approved with 6 votes in favor, while related directors abstained from voting [6]. Group 3: Risk Warning and Financial Oversight - The company’s stock has been under risk warning since April 30, 2025, due to a negative internal control audit report for the 2024 fiscal year [9][10]. - The company has taken measures to address the issues raised in the audit report, including the establishment of a special rectification team and ongoing internal reviews [11].

证券代码：600525 证券简称：ST长园 公告编号：2025080 长园科技集团股份有限公司 关于公司股票被实施其他风险警示相关事项的进展 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。 重要提示： 长园科技集团股份有限公司（以下简称"公司"）2024年度审计机构上 会会计师事务所（特殊普通合伙）对公司2024年度财务报告内部控制出具了否定 意见的审计报告，根据《上海证券交易所股票上市规则》第9.8.1条等相关规定， 公司股票于2025年4月30日起被实施其他风险警示。 根据《上海证券交易所股票上市规则》第9.8.5条规定："上市公司股票 因第9.8.1条第一款第（二）项至第（五）项规定情形被实施其他风险警示的， 在被实施其他风险警示期间，公司应当至少每月披露1次提示性公告，分阶段披 露涉及事项的解决进展情况"，公司将每月披露一次其他风险警示相关事项的进 展情况，提示相关风险。 一、公司被实施其他风险警示的相关情况 因公司2024年度内部控制被公司2024年度审计机构上会会计师事务所（特殊 普通合伙）出具了否定意见的《 ...

公司 2025 年第五次临时股东大会选举乔文健先生为公司董事，根据《上海 证券交易所上市公司自律监管指引第 1 号——规范运作》的规定，乔文健先生辞 去担任的总裁职务。 二、离任对公司的影响 证券代码：600525 证券简称：ST 长园 公告编号：2025083 长园科技集团股份有限公司 关于公司总裁辞职的公告 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： 长园科技集团股份有限公司 董事会 二〇二五年九月二十七日 公司于 2025 年 9 月 25 日召开 2025 年第五次临时股东大会，选举乔文健先 生为公司第九届董事会董事。2025 年 9 月 26 日，公司董事会收到总裁乔文健先 生的书面辞职报告，根据《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》"上市公司董事会中兼任公司高级管理人员以及由职工代表担任的董事 人数总计不得超过公司董事总数的二分之一"的规定，乔文健先生辞去担任的总 裁职务。根据《公司章程》及有关法律法规的规定，该辞呈自送达本公司董事会 姓名 离 任 职 务 离任时 间 原 ...

关于 2022 年员工持股计划延长存续期的公告 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、2022 年员工持股计划基本情况 经长园科技集团股份有限公司（以下简称"公司"）第八届董事会第二十二 次会议、2022 年第七次临时股东大会审议批准，公司实施 2022 年度员工持股计 划，该员工持股计划参加对象包括公司董事（不含独立董事）、监事、高级管理 人员及核心骨干员工合计不超过 116 人，拟筹集资金总额上限为 6,000.00 万元， 通过二级市场购买（包括但不限于大宗交易、集中竞价交易）等方式取得并持有 公司股票。员工持股计划的存续期为 24 个月，所获标的股票的锁定期为 12 个月， 存续期及锁定期自持股计划草案经公司股东大会审议通过且公司公告最后一笔 标的股票购买完成之日起计算。 经 2022 年员工持股计划第三次持有人会议、公司第九届董事会第三次会议 审议，2022 年员工持股计划延长存续期至 2025 年 11 月 8 日，具体详见公司 2025 年 4 月 1 日在上海证券交易所网站（www.sse.com ...