Summary of Key Points Core Viewpoint - Shanghai Sanmao Enterprise (Group) Co., Ltd. has announced the bankruptcy liquidation of its subsidiary, Shanghai Yitiao Textile Co., Ltd., due to its long-term lack of production activities and insolvency [2]. Group 1: Bankruptcy Announcement - The company's board approved the proposal for the subsidiary to apply for bankruptcy liquidation on November 4, 2024, and the Shanghai Third Intermediate People's Court accepted the application in March 2025 [2]. - The court determined that Yitiao Company could not repay its debts and lacked sufficient assets to cover all liabilities, thus meeting the conditions for bankruptcy [2][4]. Group 2: Court Rulings - The court issued a civil ruling declaring Yitiao Company bankrupt, effective immediately [3]. - The court also recognized the asset distribution plan approved by the creditors' meeting for the bankruptcy liquidation [4]. Group 3: Financial Impact - Following the takeover by the bankruptcy administrator, Yitiao Company will no longer be included in the company's consolidated financial statements, and its bankruptcy will not affect the company's operating performance or ongoing operations [6]. - The specific impact on the company's current profits will be determined based on the results of the auditor's review [6].

Core Viewpoint - Shanghai Sanmao announced the decision to apply for bankruptcy liquidation for its subsidiary, Shanghai Yitiao Textile Co., due to long-term inactivity and insolvency [1] Group 1: Company Actions - The 11th Board of Directors of Shanghai Sanmao will hold a temporary meeting on November 4, 2024, to review the bankruptcy liquidation proposal for its subsidiary [1] - The bankruptcy application for Shanghai Yitiao Textile Co. was accepted by the Shanghai Third Intermediate People's Court in March 2025, and a bankruptcy administrator was appointed [1] Group 2: Financial Implications - On November 13, 2025, Shanghai Sanmao received a compensation amount of 47,535.60 yuan from the bankruptcy administrator as part of the asset distribution plan for the liquidation case [1]

上海三毛企业（集团）股份有限公司 关于原控股子公司上海伊条纺织有限公司破产清算 进展的公告 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 担个别及连带责任。 | | | （二）民事裁定书（2025）沪 03 破 121 号之三 一、事项概述 上海三毛企业（集团）股份有限公司（以下简称"公司"）于 2024 年 11 月 4 日召开第十一届董事会 2024 年第二次临时会议，审议通过 《关于公司控股子公司拟申请破产清算的议案》，因上海伊条纺织有 限公司（以下简称"伊条公司"）长期无生产经营活动且处于资不抵 债的状况，同意伊条公司向法院申请破产清算。2025 年 3 月，上海 市第三中级人民法院受理伊条公司的破产清算申请，并依法指定破产 管理人。 （具体内容详见公司于 2024 年 11 月 5 日、2025 年 3 月 11 日披 露于《上海证券报》及上海证券交易所网站 www.sse.com.cn 的相关 公告，公告编号：临 2024-029、临 2025-009） 二、伊条公司破产清算进展情况 2025 年 11 月 13 日，公司收 ...

Core Viewpoint - Shanghai Sanmao Enterprise (Group) Co., Ltd. plans to sign a Financial Service Framework Agreement with Chongqing Mechanical and Electrical Holdings Group Finance Co., Ltd. to enhance its fund management and usage efficiency, constituting a related party transaction [2][3][22]. Summary by Sections 1. Overview of Related Transactions - The company intends to sign a Financial Service Framework Agreement with Chongqing Mechanical and Electrical Holdings Group Finance Co., Ltd. for a two-year term, allowing a maximum daily deposit balance of RMB 150 million and a total credit limit of RMB 150 million [2][3][22]. 2. Introduction of Related Parties - Chongqing Mechanical and Electrical Holdings Group Finance Co., Ltd. is indirectly controlled by the company's major shareholder, making it a related party [4][5]. 3. Main Content of the Financial Service Framework Agreement - The agreement includes deposit services, credit services, and other financial services, with the company having the right to choose the services it requires [8][9][10]. - The deposit interest rates will follow the People's Bank of China rates and will not be lower than those offered by major domestic commercial banks [12]. - The total credit limit and daily deposit limit are set at RMB 150 million each, with services priced according to market principles [13][12]. 4. Impact of Related Transactions on the Company - The agreement is expected to improve the company's fund utilization and efficiency without harming the interests of the company or its shareholders [22]. 5. Review Procedures for Related Transactions - The transaction was approved by the independent directors and the board of directors, with the independent directors confirming that it complies with legal regulations and does not harm the interests of non-related shareholders [23][25].

Core Viewpoint - Shanghai Sanmao (600689) announced on November 11 that it plans to sign a Financial Service Framework Agreement with Chongqing Mechanical and Electrical Holding Group Finance Co., Ltd. to enhance its fund management and usage efficiency. The agreement will be effective for two years from the date of signing [1]. Group 1 - The company aims to improve its fund management level [1]. - The agreement is intended to increase the efficiency of fund utilization [1]. - The duration of the agreement is set for two years from the effective date [1].

Group 1 - Shanghai Sanmao (SH 600689) held its 2025 first extraordinary board meeting on November 11, 2025, via telecommunication to review the proposal for signing a financial service framework agreement with an affiliated financial company [1] - For the year 2024, Shanghai Sanmao's revenue composition is as follows: commercial sector accounts for 70.46%, other industries for 26.77%, and other businesses for 2.77% [1] - As of the report, Shanghai Sanmao has a market capitalization of 3 billion yuan [1] Group 2 - Prior to the arrest of Peking University Pharmaceutical's chairman Xu Xiren, police had investigated the group's factory premises, indicating potential issues within the company [1] - Internal sources suggest that the group's assets have been disposed of by Xu, with significant amounts of funds unaccounted for [1]

上海三毛企业（集团）股份有限公司 关于与重庆机电控股集团财务有限公司 开展金融业务的风险处置预案 （2025 年 11 月 11 日第十二届董事会 2025 年第一次临时会议审议通过） 第一章 总则 第一条 为有效规范、及时控制和处置上海三毛企业（集团） 股份有限公司（以下简称"公司"，包括合并报表范围内的各级 全资、控股子公司）与重庆机电控股集团财务有限公司（以下简 称"机电财务公司"）开展金融业务时的潜在风险，维护公司资 金安全与资产独立性，保障全体股东尤其是中小股东的合法权益， 根据《中华人民共和国公司法》《上市公司信息披露管理办法》 《上海证券交易所上市公司自律监管指引第 5 号——交易与关联 交易》等法律法规及《公司章程》的相关规定，特制定本预案。 第二条 本预案所指金融业务范围包括存款业务、授信服务及 其他金融服务，具体以公司与机电财务公司签署的《金融服务框 架协议》中约定的范围为准。 第二章 风险处置机构及职责 第三条 公司成立金融业务风险预防处置领导小组（以下简称 "领导小组"），负责组织公司与机电财务公司关联金融业务风 险的防范和处置工作。领导小组组长由公司总经理任组长，为风 险预防处置第一 ...

| 证券代码： | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | A B | | | | | | | | | | 600689 900922 | | | | | | | | | | 证券简称： | | | | | | | | | | 上海三毛 | | | | | | | | | | 股 | | | | | | | | | | 编号：临 | 2025-053 | | | | | | 三毛 B | | | | 上海三毛企业（集团）股份有限公司 关于与关联财务公司签订《金融服务框架协议》 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 担个别及连带责任。 为进一步提高公司资金管理水平及资金使用效率，上海三毛企 业（集团）股份有限公司（以下简称"公司"、"上海三毛"）拟与重庆 机电控股集团财务有限公司（以下简称"机电财务公司"）签订《金 融服务框架协议》。协议有效期为自生效之日起两年。 在协议有效期内，公司在机电财务公司的每日最高存款余额 ...

上海三毛企业（集团）股份有限公司 关于重庆机电控股集团财务有限公司 的风险评估报告 财务公司设立金融业务部、资金管理部、计划财务部、风控 合规部、信息科技部、综合管理部及审计稽核部 7 个部门，部门、 岗位、人员均实现前、中、后台的有效分离，具体组织架构图如 下： 根据《关于规范上市公司与企业集团财务公司业务往来的通 知》（证监发〔2022〕48 号）、《上市公司监管指引第 8 号—— 上市公司资金往来、对外担保的监管要求》《上海证券交易所上 市公司自律监管指引第 5 号——交易与关联交易（2025 年 3 月修 订）》等有关要求，上海三毛企业（集团）股份有限公司（以下 简称"公司"）通过查验重庆机电控股集团财务有限公司（以下 简称"财务公司"）的《金融许可证》《营业执照》等证件资料， 并审阅财务公司包括资产负债表、利润表、现金流量表等在内的 财务报告，对财务公司的经营资质、业务与风险状况进行了评估， 具体情况报告如下： 一、财务公司基本情况 财务公司是经国家金融监督管理总局（原中国银行保险监督 管理委员会）批准设立（金融许可证机构编码：L0168H250040001）， 重庆两江新区市场监督管理局登记注册（ ...

（一）主持人宣布会议开始 报告现场会议出席股份情况 主持人宣布会议开始，秘书处宣读股东会 出席股份情况 股东会会议须知和 （二）逐项审议议案 逐项审议议案 上海三毛企业 2025 年第 （集团）股份有限公司 年第二次临时股东会 股份有限公司 股东会 会 会 议 文 件 2025 2025 年 11 月 27 日 上海三毛企业（集团） Shanghai Sanmao Enterprise (Group) Co., ）股份有限公司 Shanghai Sanmao Enterprise (Group) Co., Ltd 上海三毛企业 2025 年第 上海三毛企业（集团）股份有限公司 年第二次临时股东会议程 股份有限公司 议程 一、会议召开的方式及时间 会议召开的方式及时间 二、会议议程 以上议案中，第 1、第 第 2 项经公司第十二届董事会第三次会议审议通过 第三次会议审议通过，第 3 项 2 （一）现场会议时间 现场会议时间：2025 年 11 月 27 日（星期 星期四）14:00 （二）网络投票时间 网络投票时间：2025 年 11 月 27 日（星期 星期四） 本次股东会 易系统投票平台的投票时间为 13: ...