Core Viewpoint - The announcement details a related party transaction where the company is entrusted by Shanghai Xinfeng'an Enterprise Development Co., Ltd. to manage the construction of a project in Xuhui District, Shanghai, which is expected to enhance the company's project management capabilities and increase revenue and profit sources [1][5]. Summary by Sections Related Party Transaction Overview - The company has been commissioned by Xinfeng'an to manage the construction of the Xuhui District project, which is located within specific geographical boundaries [1]. - This transaction is classified as a related party transaction but does not constitute a major asset restructuring [1]. Related Party Information - Xinfeng'an is a limited liability company based in Xuhui District, Shanghai, with a registered capital of 1 billion RMB and a business scope that includes enterprise management and real estate development [2]. - The relationship is established as Xinfeng'an is an affiliated legal entity of the company, thus qualifying the transaction as a related party transaction [2]. Pricing of Related Party Transaction - The transaction pricing will be determined based on fair and reasonable principles, utilizing a cost-plus method agreed upon by both parties [3]. Main Content of the Related Party Transaction - The project involves various management tasks including project approvals, design, cost management, quality checks, and financial management [4]. - The total management fee for the project is set at 2% of the sales amount, with 1.5% as a basic management fee and 0.5% as a performance management fee [4]. Other Key Contract Terms - In case of disputes, either party may apply for arbitration with the Shanghai Arbitration Commission [5]. Impact of the Related Party Transaction - The transaction is expected to refine the company's development management capabilities, strengthen project management advantages, and enhance revenue and profit sources, while ensuring that it does not create significant dependency on the related party [5].

（一）关联方基本情况 证券代码：600675 股票简称：中华企业 编号：临 2025-026 中华企业股份有限公司关联交易公告 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： 一、关联交易概述 近期，为进一步淬炼公司专业开发管理能力，巩固项目管理专业优势，公 司受新枫安公司委托，负责建设管理斜土地块项目，并签署相关开发委托管理 合同等。前述项目位于上海市徐汇区斜土街道：东至东安路、南至 127b-24 地 块、西至上海音乐学院、北至零陵路。 二、关联方介绍 1、上海新枫安企业发展有限公司 类型：其他有限责任公司 住所：上海市徐汇区枫林路 420 号 2 层 A 区 注册资本：100,000 万人民币 经营范围：一般项目：企业管理；市政设施管理；物业管理；工程管理服 务；停车场服务；技术服务、技术开发、技术咨询、技术交流、技术转让、技 术推广；房地产经纪。（除依法须经批准的项目外，凭营业执照依法自主开展 经营活动）许可项目：房地产开发经营。（依法须经批准的项目，经相关部门 1 ·是否需要提交股东大会审议：已在股东 ...

（文章来源：每日经济新闻） 每经AI快讯，8月15日，地产股开盘拉升，信达地产涨停，万通发展涨超5%，光大嘉宝、特发服务、金 地集团、金融街、城建发展、荣盛发展、中华企业等跟涨。 ...

Group 1 - The core point of the article highlights the financing activities of Zhonghua Enterprises, indicating a net buying trend in recent trading days [1] - On August 8, Zhonghua Enterprises had a financing buy amount of 0.10 billion, ranking 1233rd in the two markets, with a financing repayment amount of 0.08 billion, resulting in a net purchase of 2.14 million [1] - Over the last three trading days (August 6-8), the financing buy amounts were 0.05 billion, 0.14 billion, and 0.10 billion respectively [1] Group 2 - In terms of securities lending, on the same day, 19,400 shares were sold short, with a net short sale of 14,500 shares [2]

证券代码：600675 股票简称：中华企业 编号：临 2025-025 中华企业股份有限公司关于 向特定对象发行 A 股股票预案及相关文件修订情况说明的公告 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。 中华企业股份有限公司（以下简称"公司"）向特定对象发行 A 股股票相 关事项已经公司第十届董事会第十三次会议、2022 年度股东大会年会审议通过。 根据股东大会的授权，结合公司经营投资规划以及项目实际情况，2025 年 等相关内容 第一节 本次发行方案 更新本次发行的募集资金数额 概要 年度向特定对象发行 A 股股票预案（二次修订稿）的议案》等相关议案。 为便于投资者查阅，现将本次修订的主要内容说明如下： 文件名称 章节 修订情况 更新本次发行的审议程序、募集资金数额 特别提示 第二节 董事会关于本 中华企业股份有限公司 次发行募集资金使用的 更新本次发行的募集资金数额 行 A 股股票预案（二次 第四节 本次发行相关 根据更新后的报告期更新公司财务风险 修订稿） 的风险说明 第六节 本次向特定对 根据更新后的报告期以及募集资 ...

Core Viewpoint - The announcement details the impact of issuing A-shares to specific investors on the company's immediate returns and outlines measures to mitigate this dilution effect on shareholder value [1][2][3]. Financial Impact Analysis - The company plans to issue 1,813,840,599 shares, resulting in a total share capital of 7,859,975,930 shares post-issuance [2]. - The estimated total funds raised from this issuance is 133,000 million yuan [2]. - Three scenarios for the company's net profit for 2025 are analyzed: 1. Net profit remains the same as in 2023. 2. Net profit increases by 10% compared to 2023. 3. Net profit decreases by 10% compared to 2023 [3]. Scenario 1: Net Profit Flat - Basic earnings per share (EPS) remains at 0.09 yuan/share. - Weighted average return on net assets is projected at 3.80% [3]. Scenario 2: Net Profit Growth - Net profit is estimated at 61,067.60 million yuan. - Basic EPS increases to 0.10 yuan/share. - Weighted average return on net assets rises to 4.17% [3]. Scenario 3: Net Profit Decline - Net profit drops to 55,516 million yuan. - Basic EPS decreases to 0.08 yuan/share. - Weighted average return on net assets falls to 3.43% [3]. Measures to Mitigate Dilution - The company commits to strict adherence to regulations regarding the management and use of raised funds to ensure effective utilization and minimize risks associated with dilution of immediate returns [2][3]. - The company will implement a three-year dividend return plan (2023-2025) to enhance shareholder value and protect minority investors' rights [5][6]. Commitments from Major Stakeholders - The controlling shareholder, Shanghai Real Estate Group, pledges not to interfere with the company's management and to uphold the interests of the company and its shareholders [6][7]. - All directors and senior management commit to ensuring the execution of measures to compensate for the dilution of returns and to avoid unfair benefit transfers [7].

Core Viewpoint - The company has adjusted its plan for issuing A-shares to specific investors for the year 2023, reducing the total expected fundraising amount and revising related documents accordingly [1][2]. Group 1: Fundraising Plan Adjustment - The total amount expected to be raised from the issuance of A-shares has been reduced from 190,000.00 million yuan to 133,000.00 million yuan [2]. - The total investment for the projects associated with the fundraising has also been adjusted from 2,281,200.00 million yuan to 2,224,200.00 million yuan [2]. Group 2: Document Revisions - The company has revised the plan for the issuance of A-shares, creating a second revised draft of the proposal, which was approved unanimously by the supervisory board [1][3]. - A second revised draft of the feasibility analysis report for the use of the raised funds has also been prepared and approved [3][5]. - The company has revised the analysis report regarding the issuance plan and received unanimous approval from the supervisory board [5]. Group 3: Dilution and Compensation Measures - The company has revised the measures related to the dilution of immediate returns and commitments from relevant parties, which has also been approved unanimously [5].

Core Viewpoint - China Enterprise Co., Ltd. plans to issue A-shares to specific investors to raise funds for real estate projects, responding to national policies aimed at stabilizing the real estate market and supporting housing needs [6][9][10]. Group 1: Issuance Overview - The company intends to issue A-shares with a total fundraising target of up to 1.33 billion RMB (133,000 million) [15]. - The funds will primarily be allocated to two real estate projects: "Zhongqi Yupin · Yinhu Bay" and "Zhongqi Yun Cui Forest" [25][21]. - The issuance will not change the company's control structure, with Shanghai Real Estate (Group) Co., Ltd. remaining the controlling shareholder [16][27]. Group 2: Market Context - The real estate sector is a crucial pillar of China's economy, contributing 6.1% to GDP in 2022 [6][7]. - Recent government policies have focused on stabilizing the real estate market and ensuring housing supply, particularly for residential needs [9][10]. - The company aims to leverage these policies to enhance its financial strength and support ongoing projects [9][10]. Group 3: Financial Impact - The issuance is expected to improve the company's capital structure, reduce debt ratios, and lower financial risks [10][29]. - The funds raised will help maintain cash flow stability and support project development, enhancing the company's operational capabilities [25][29]. - The company plans to use the funds to mitigate risks associated with project financing and ensure timely delivery of housing projects [9][10][25]. Group 4: Project Details - "Zhongqi Yupin · Yinhu Bay" project has a total investment of 1.083 billion RMB, with 930 million RMB expected to be funded from the issuance [21][25]. - "Zhongqi Yun Cui Forest" project has a total investment of 1.141 billion RMB, with 400 million RMB planned from the issuance [25][21]. - Both projects are positioned to meet the demand for affordable housing, with a significant portion of units designed for first-time buyers [20][21].

中华企业股份有限公司 2023 年度向特定对象发行 A 股股票预案 公司代码：600675 证券简称：中华企业 中华企业股份有限公司 2023年度向特定对象发行A股股票预案 （二次修订稿） 二〇二五年七月 1 中华企业股份有限公司 2023 年度向特定对象发行 A 股股票预案 公司声明 1、本公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不 存在虚假记载、误导性陈述或重大遗漏。 2、本次向特定对象发行股票完成后，公司经营与收益的变化由公司自行负 责；因本次向特定对象发行股票引致的投资风险由投资者自行负责。 3、本预案是公司董事会对本次向特定对象发行股票的说明，任何与之相反 的声明均属不实陈述。 4、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其它专业顾问。 5、本预案所述事项并不代表审批机关对于本次向特定对象发行股票相关事 项的实质性判断、确认或批准，本预案所述本次向特定对象发行股票相关事项的 生效和完成尚待有关审批机关的批准、核准或同意注册。 2 中华企业股份有限公司 2023 年度向特定对象发行 A 股股票预案 特别提示 本部分所述词语或简称与本预案"释义"所述词语或简称具 ...

根据股东大会的授权，结合公司经营投资规划以及项目实际情况，2025 年 7 月 15 日，公司召开第十一届董事会第七次会议对向特定对象发行 A 股股票方 案进行了部分调整。本次发行方案具体调整如下： 募集资金金额及投向 调整前： 本次发行股票募集资金总额预计不超过 190,000.00 万元（含本数），扣除 发行费用后拟用于以下项目： 证券代码：600675 股票简称：中华企业 编号：临 2025-022 中华企业股份有限公司 关于调整向特定对象发行 A 股股票方案的公告 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。 中华企业股份有限公司（以下简称"公司"）向特定对象发行 A 股股票相 关事项已经公司第十届董事会第十三次会议、2022 年度股东大会年会审议通过。 1 本次发行股票募集资金总额预计不超过 133,000.00 万元（含本数），扣除 发行费用后拟用于以下项目： 特此公告！ 中华企业股份有限公司 2025 年 7 月 16 日 2 单位：万元 序号 项目名称 项目总投资 拟投入募集资金 1 中企誉品·银湖湾 1,0 ...