SHANGHAI OC ONE HIHAZI # 68 Yin Chena Road Middle hanghai 200120 P.R.China BARKI Historial contry 上海市通力律师事务所关于光大嘉宝股份有限公司 2025 年第七次临时股东大会的法律意见书 致:光大嘉宝股份有限公司 上海市通力律师事务所(以下简称"本所")接受光大嘉宝股份有限公司(以下简称"公 司")的委托,指派本所王旭峰律师、茹秋乐律师(以下简称"本所律师")根据《中华人民共 和国公司法》《中华人民共和国证券法》等法律、法规以及规范性文件(以下统称"法律法 规")及《光大嘉宝股份有限公司章程》(以下简称"公司章程")的规定就公司 2025年第七 次临时股东大会(以下简称"本次股东大会")相关事宜出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了 核查、验证。在进行核查验证过程中,公司已向本所保证,公司提供予本所之文件中的所有 签署、盖章及印章都是真实的,所有作为正本提交给本所的文件都是真实、准确、完整和有 效的,且文件材料为副本或复印件的,其与原件一致和相符。 在本法律意见 ...

Group 1 - Suning Universal and New Dazheng hit the daily limit, while Shoukai Co., Ltd. (rights protection) and Huaxia Happiness rose over 5% [1] - Nandu Property, Everbright Jiabao, and Nanshan Holdings also saw significant increases [1]

Group 1 - Real estate stocks experienced significant upward movement, with Heimu Dan reaching the daily limit increase [2] - Wolong New Energy achieved a fourth consecutive trading limit increase [2] - Other companies such as Konggang Shares, Quzhou Development, Everbright Jiabao, and Wanye Enterprises also saw notable stock price increases [2]

Core Viewpoint - The company, Guangda Jiabao, has clarified that it is not involved in any nuclear energy or nuclear power-related businesses [1] Company Information - Guangda Jiabao responded to an investor inquiry on September 9, stating that it currently does not engage in any activities related to nuclear energy or nuclear power [1]

Core Viewpoint - Everbright Grand China (600622.SH) has stated that the company is currently not involved in any nuclear energy or nuclear power-related businesses [1] Group 1 - The company confirmed its non-involvement in nuclear energy activities [1]

Core Viewpoint - The company, Everbright Jiabao (600622.SH), has stated that it is currently not involved in any nuclear energy-related businesses [1] Group 1 - The company confirmed its non-involvement in nuclear energy and nuclear power sectors [1]

Core Viewpoint - The financial performance of Everbright Jiabao (600622) for the first half of 2025 shows a significant decline in revenue and profit, indicating increased short-term debt pressure and poor operational efficiency [1] Financial Performance Summary - Total revenue for the first half of 2025 was 642 million yuan, a decrease of 10.89% year-on-year [1] - Net profit attributable to shareholders was -373 million yuan, down 13.96% year-on-year [1] - Gross margin decreased to 40.41%, down 11.15% year-on-year, while net margin fell to -54.44%, a decline of 41.13% [1] - Total expenses (selling, administrative, and financial) amounted to 340 million yuan, accounting for 52.99% of revenue, a slight decrease of 0.84% year-on-year [1] - Earnings per share were -0.25 yuan, a decrease of 13.64% year-on-year [1] Cash Flow and Debt Analysis - Cash and cash equivalents decreased by 28.86% to 1.558 billion yuan, primarily due to investments in trust financial products and interest payments [3] - The current ratio was reported at 0.65, indicating potential liquidity issues [1][6] - The company’s interest-bearing debt totaled 10.347 billion yuan, a decrease of 6.85% year-on-year [1] Changes in Financial Items - Significant changes in financial items included a 1551.29% increase in trading financial assets due to purchases of trust financial products [3] - Other receivables decreased by 19.82% due to credit impairment losses and repayments from subsidiaries [3] - Inventory decreased by 12.97% as some inventory was transferred to fixed assets [3] Operational Efficiency - The company’s return on invested capital (ROIC) has been weak, with a median ROIC of 4.28% over the past decade and a particularly poor ROIC of -7.93% in 2023 [5] - The net cash flow from operating activities decreased by 17.40%, attributed to the lack of sales from the Everbright Anshi Center project [4] Financial Health Indicators - The company’s cash flow situation is concerning, with cash assets only representing 9.3% of total assets and 34.61% of current liabilities [6] - The financial expenses relative to the average operating cash flow over the past three years reached 152.04%, indicating high financial burden [6]

Core Viewpoint - Everbright Grand China (600622.SH) reported a decline in total operating revenue and an increase in net loss for the first half of 2025 compared to the previous year [1] Financial Performance - Total operating revenue for the first half of 2025 was 642 million yuan, representing a year-on-year decrease of 10.89% [1] - The net profit attributable to shareholders of the parent company was -373 million yuan, which is an increase in loss of 45.715 million yuan compared to the same period last year [1] - Basic earnings per share were -0.25 yuan [1]

Group 1 - The core point of the article is that Everbright Jiabao has seen a decrease in the number of shareholders and a change in average shareholding metrics, indicating potential shifts in investor sentiment [1][2] Group 2 - As of June 30, 2025, the number of shareholders for Everbright Jiabao is 64,380, a decrease of 6,278 or 8.89% from March 31, 2025 [1][2] - The average number of shares held per shareholder increased from 21,200 to 23,300 shares, while the average market value of shares held per shareholder is 67,800 yuan [1][2] - Compared to the real estate development industry average, Everbright Jiabao's shareholder count is above the industry average of 62,100, but its average shareholding value is below the industry average of 180,200 yuan [1][2] Group 3 - From March 31, 2025, to June 30, 2025, Everbright Jiabao's stock price remained unchanged with a price drop of 0.00% during this period [1][2] - During the same period, the net inflow of main funds was 34.12 million yuan, while retail funds saw a net inflow of 86.41 million yuan, indicating differing investor behaviors [2] - The stock appeared on the trading leaderboard twice in the last three months, with a net inflow of financing of 11.51 million yuan and an increase in the financing balance [2]

Core Points - The company, Everbright Jiabao, announced the reappointment of Lixin Certified Public Accountants as the auditing firm for its financial accounting report and internal control audit for the year 2025 [2] Group 1 - Everbright Jiabao plans to continue its partnership with Lixin Certified Public Accountants for the upcoming audit period [2] - The decision reflects the company's commitment to maintaining consistent auditing standards and practices [2] - The announcement was made on the evening of August 29 [2]