证券代码：600694 证券简称：大商股份 编号：2025－055 大商股份有限公司 关于修订《公司章程》及公司治理制度的公告 本次修订《公司章程》尚需提交股东会审议，并在公司股东会审议通过后， 授权董事会、管理层办理本次《公司章程》变更等相关事宜。 二、公司治理制度的修订、制定情况 根据最新修订后的《公司章程》，拟同步对公司治理制度作出修订，具体情 况如下： | | 制度名称 | 是否提交 股东会审议 | | --- | --- | --- | | 1 | 大商股份有限公司章程 | 是 | | 2 | 大商股份有限公司董事会议事规则 | 是 | | 3 | 大商股份有限公司董事会提名委员会工作细则 | 否 | | 4 | 大商股份有限公司董事会薪酬与考核委员会工作细则 | 否 | | 5 | 大商股份有限公司 CEO 工作制度 | 否 | | 6 | 大商股份有限公司投资者关系管理工作制度 | 否 | 1 | | 制度名称 | 是否提交 股东会审议 | | --- | --- | --- | | 7 | 大商股份有限公司信息披露管理工作制度 | 否 | | 8 | 大商股份有限公司重大信息内部报告制度 | ...

证券代码：600694 证券简称：大商股份 公告编号：2025-054 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： 大商股份有限公司（以下简称"公司"）董事会于 2025 年 12 月 5 日召开第 十二届董事会第六次会议。鉴于公司经营管理和工作安排需要，经董事会提名委 员会审核、董事会审议通过，提名吕伟顺、刘晶、高长明为公司第十二届董事会 非独立董事候选人；聘任刘晶为公司总经理；聘任宋晓静、张涛、梁特、谢雪霞 为公司副总经理。经董事会提名委员会、审计委员会审核及董事会审议通过，闫 莉不再担任财务负责人，聘任宋晓静为财务负责人。现将相关情况公告如下： 一、董事及高级管理人员离任情况 (一) 提前离任的基本情况 | 姓名 | 离任职务 | | 离任时间 | | 原定任期到期日 | | 离任原因 | 是否继续在 上市公司及 其控股子公 司任职 | 是否存 在未履 行完毕 的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ...

证券代码：600694 证券简称：大商股份 公告编号：2025-056 大商股份有限公司 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票 时间为股东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30， 13:00-15:00；通过互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东会召开日期：2025年12月22日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (一) 股东会类型和届次 2025年第四次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 22 日 9 点 30 分 召开地点：大连市中山区青三街 1 号公司总部 1902 会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 22 日 关于召开2025年第四次临时股东会的通知 ...

Core Viewpoint - The trend of A-share companies planning to list in Hong Kong continues, with 18 companies disclosing their intentions to issue H-shares and list on the Hong Kong Stock Exchange in November [1] Group 1: Companies Planning to List - 18 A-share listed companies have announced plans to issue H-shares and list in Hong Kong from November 1 to November 29 [1] - Zhongji Xuchuang announced on November 10 its intention to issue H-shares and list on the Hong Kong Stock Exchange [1] Group 2: Specific Company Announcements - Runjian Co., Ltd. announced on November 25 its plan to issue H-shares and list in Hong Kong [2] - Ningbo Yunsheng authorized management on November 24 to initiate preparations for issuing H-shares and listing in Hong Kong [2] - Igor announced on November 24 its plan to issue H-shares and list in Hong Kong [2] - Miao Exhibition announced on November 24 its intention to issue H-shares and list in Hong Kong [2] - Zhuoyi Information announced on November 20 its plan to issue H-shares and list in Hong Kong [2] - Yuanjie Technology announced on November 19 its intention to issue H-shares and list in Hong Kong [2] - Dashang Co., Ltd. announced on November 18 its plan to issue H-shares and list in Hong Kong [2] - Sifang Jingchuang announced on November 14 its intention to issue H-shares and list on the main board of the Hong Kong Stock Exchange [2] - Zejing Pharmaceutical announced on November 14 its plan to issue H-shares and list in Hong Kong [2] - Juxin Technology announced on November 14 its intention to issue H-shares and list in Hong Kong [2] - Deye Co., Ltd. announced on November 13 its plan to issue H-shares and list in Hong Kong [2] - Tuosida announced on November 12 its intention to issue H-shares and list in Hong Kong [2] - Marumi Bio announced on November 12 its plan to issue H-shares and apply for listing in Hong Kong [2] - Transsion Holdings announced on November 12 its intention to issue H-shares and list in Hong Kong [2] - Anker Innovations announced on November 11 its plan to issue H-shares and list in Hong Kong [2] - Visual China announced on November 4 that it is planning to issue H-shares [2] - Juhe Materials announced on November 3 its plan to issue FF shares and list in Hong Kong [2]

Core Viewpoint - The recent surge of A-share companies applying for or planning to list in Hong Kong reflects both strategic choices for corporate development and significant progress in the reform of China's capital markets [1] Group 1: A-share Companies' Listing Trends - Over 140 A-share companies have proposed plans for listing in Hong Kong or splitting subsidiaries for a Hong Kong listing this year [1] - The current wave of listings is characterized by leading enterprises and prominent players in niche sectors actively participating [1] Group 2: Strategic Recommendations for Companies - Companies should maintain strategic clarity and prepare adequately to convert opportunities into high-quality development [2] - It is essential to optimize financing structures using the "A+H" dual platform, particularly for companies in emerging industries like new energy, high-end manufacturing, biomedicine, and new consumption [2] - Companies must establish clear capital strategies based on their development stages and needs, avoiding blind following of trends [2] Group 3: Governance and Brand Development - Companies should enhance internal controls and transparency to meet the governance standards of the Hong Kong market, which align with international practices [2] - The listing in Hong Kong should be viewed as an opportunity to build international brands and improve brand reputation and recognition [2] Group 4: Global Operations and Resource Integration - Listing in Hong Kong is seen as a new starting point for integrating global resources rather than an endpoint [3] - Companies are encouraged to attract international strategic investors and engage in cross-border technology and talent cooperation [3] - The "A+H" dual platform model is increasingly favored by quality enterprises, contributing to their high-quality development and the deepening reform of China's capital markets [3]

Group 1 - The core viewpoint of the article highlights the increasing trend of A-share companies pursuing listings in Hong Kong, with over 140 companies having submitted plans for such listings this year, marking a significant shift towards internationalization and capital market openness [1][4][9] - The listing of companies like HLA Home and Dalian Commodity Exchange reflects a broader strategy for A-share companies to enhance their global presence and financing options, transitioning from "Chinese brands" to "global brands" [1][2][4] - The Hong Kong IPO market has seen a total fundraising amount exceeding 200 billion HKD this year, positioning it as the leading global exchange for IPOs, with major A-share companies like CATL and Hengrui Medicine joining the ranks [4][6] Group 2 - Chinese securities firms are capturing significant market share in the Hong Kong IPO space, accounting for over 60% of the underwriting market, leveraging their extensive resources and familiarity with regulatory frameworks [6][7] - Leading Chinese investment banks, such as CICC and CITIC Securities, are at the forefront of the Hong Kong IPO underwriting rankings, indicating a strong competitive position in the market [7] - The current IPO boom is expected to have a lasting impact on the Chinese securities industry, enhancing their ability to meet cross-border financing needs and improving international competitiveness [7][8] Group 3 - The number of A-share companies seeking to list in Hong Kong is anticipated to remain high, supported by favorable policies and the recent addition of more qualified auditing firms for H-share companies [9] - The article emphasizes that the "A+H" listing trend is driven by a flexible policy environment and the strategic enhancement of company quality, with expectations for continued interest from major A-share companies [9] - The potential for Hong Kong to evolve from a "valuation lowland" to a platform for the internationalization of Chinese assets is highlighted, with a focus on attracting global capital [2][9]

大商股份在公告中表示，为提升公司国际化品牌形象，同时打造多元化资本运作平台，增强公司的境外 融资能力，进一步提升公司核心竞争力，公司拟在境外发行股份（H股）并在港交所主板挂牌上市，公 司董事会授权公司管理层启动本次H股上市的前期筹备工作。 【深圳商报讯】（记者 钟国斌）大商股份（600694）11月19日公告称，公司11月18日召开第十二届董 事会第五次会议，审议通过了授权公司管理层启动公司H股发行相关筹备工作的议案。 截至目前，公司正积极与相关中介机构就本次H股上市的相关工作进行筹备、商讨，关于本次H股上市 的细节尚未确定。本次H股上市能否通过审议、备案和审核程序并最终实施具有重大不确定性。 大商股份成立于1992年，母公司大商集团是国内最大的零售业集团之一。 ...

证券之星消息，11月19日，大商股份（600694）融资买入749.92万元，融资偿还680.9万元，融资净买入 69.03万元，融资余额2.68亿元，近3个交易日已连续净买入累计529.59万元，近20个交易日中有12个交 易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-11-19 | 69.03万 | 2.68亿 | 4.32% | | 2025-11-18 | 195.62万 | 2.67亿 | 4.28% | | 2025-11-17 | 264.95万 | 2.65 乙 | 4.18% | | 2025-11-14 | 47.76万 | 2.62亿 | 4.15% | | 2025-11-13 | 199.22万 | 2.62亿 | 4.11% | 融券方面，当日融券卖出500.0股，融券偿还2300.0股，融券净买入1800.0股，融券余量2.78万股，近20 个交易日中有11个交易日出现融券净卖出。 融资融券余额2.68亿元，较昨日上涨0.24%。 | 交易日 | 两融余额(元) ...

Core Viewpoint - The recent surge in A-share companies planning to list in Hong Kong reflects a growing trend supported by favorable policies and the desire for international expansion [2][3][5]. Group 1: Company Listings - On November 19, Dashiang Group Co., Ltd. announced its plan to issue H-shares and list on the Hong Kong Stock Exchange, marking another addition to the 141 A-share companies that have proposed similar plans this year [1][2]. - As of November 19, 15 companies have expressed intentions to list in Hong Kong just in November alone, indicating a significant increase in interest [2]. Group 2: Policy Support - The surge in listings is attributed to supportive policies from both mainland and Hong Kong regulatory bodies, including a streamlined approval process for companies with a market capitalization of at least HKD 10 billion [2][4]. - The China Securities Regulatory Commission announced measures in April 2024 to support leading domestic companies in their Hong Kong listings, further enhancing the appeal of the market [2]. Group 3: Strategic Importance - Companies view listing in Hong Kong as a crucial step for internationalization and enhancing their global influence, with firms like Dajin Heavy Industry citing the need to solidify their global strategy and improve competitiveness [4][5]. - The characteristics of companies pursuing Hong Kong listings often include being industry leaders or possessing technological barriers, aiming to leverage international capital for expansion and risk diversification [4][5]. Group 4: Market Impact - The increase in A-share companies listing in Hong Kong is expected to enhance market quality and international competitiveness, promoting better connectivity between A-share and global markets [7]. - The influx of quality H-shares is likely to attract international capital and enhance the appeal of the Hong Kong market, reinforcing its status as an international financial center [7].

Group 1 - The core point of the article is that Dalian-based DaShang Co., Ltd. (600694.SH) plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international brand image and diversify its capital operations [1] - The company is currently in discussions with relevant intermediaries regarding the preparations for the H-share listing, with specific details yet to be determined [1] - DaShang Co., Ltd. was established in 1992 and is one of the largest retail groups in China, operating in three main business areas: department stores, supermarkets, and electronics chains [1] Group 2 - As of November 19, 2025, DaShang Co., Ltd. has a total market capitalization of approximately 6.277 billion RMB [1] - The company operates over 150 large stores across more than 50 cities in 11 provinces, with a total building area exceeding 4 million square meters [1] - DaShang Co., Ltd. was listed on the Shanghai Stock Exchange on November 22, 1993 [1]