Core Viewpoint - The stock of Shandong Xinhua Jin International Co., Ltd. experienced a continuous limit-up for four trading days from January 5 to January 8, 2026, with a cumulative increase of 21.68%, significantly outpacing the industry and Shanghai Composite Index, despite no major changes in the company's fundamentals, indicating potential market overreaction and irrational speculation [1] Company Summary - The stock's short-term increase is substantially higher than the industry and Shanghai Composite Index performance during the same period [1] - There are unresolved issues regarding the non-operational fund occupation by related parties, which poses a risk to the company's financial stability [1] - If the company fails to recover the occupied funds within six months as mandated by the Qingdao Securities Regulatory Bureau, it will face stock suspension, and if not rectified within two months post-suspension, it will receive a delisting risk warning, with potential termination of trading if issues persist [1]

Market Overview - The jewelry sector increased by 0.36% on January 8, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 5.78, up 5.09% with a trading volume of 7365 lots and a transaction value of 4.257 million yuan [1] - Feiya (000026) closed at 17.18, up 2.57% with a trading volume of 193,200 lots and a transaction value of 331 million yuan [1] - Mingpai Jewelry (002574) closed at 5.70, up 1.42% with a trading volume of 102,800 lots and a transaction value of 58.218 million yuan [1] - Other notable performers include Laizitongling (603900) up 1.17%, Mankalon (300945) up 1.04%, and Laofengxiang (600612) up 1.01% [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 45.9794 million yuan from main funds, while retail funds experienced a net outflow of 9.506 million yuan [2] - Main funds showed significant net inflows in stocks like Chaohongji (002345) with 21.8855 million yuan and China Gold (600916) with 16.5952 million yuan [3] - Conversely, stocks like Caizai Co. (605599) and Mingpai Jewelry (002574) experienced net outflows from main and retail funds [3]

Group 1 - ST Xinhua Jin announced on January 7 that a court case involving defendants Wang Liyang and Ke Yi has been postponed due to a jurisdictional appeal filed with the Qingdao Intermediate People's Court [2] - The company’s subsidiary, Shanghai Lizhi Industrial Co., Ltd., failed to meet its 2023 performance commitments, leading to a lawsuit against Wang Liyang and Ke Yi for cash compensation [4] - On December 3, 2025, ST Xinhua Jin received a court summons for a case set to be heard on January 7, 2026, regarding a dispute over equity transfer [4] Group 2 - As of the half-year report disclosure date in 2025, non-operational fund occupation by Xinhua Jin Group and its affiliates amounted to 406 million yuan, which must be returned within six months of receiving the administrative corrective measures notice [6] - ST Xinhua Jin has faced multiple legal issues, including the judicial freezing of shares held by its controlling shareholder and potential delisting risk warnings [7] - The company’s subsidiary, Shandong Xinhua Jin Textile Co., Ltd., is involved in a lawsuit with a disputed amount of 26.8 million yuan related to equity transfer, and its 75% stake in Qingdao Hengfu has been judicially frozen [8]

重要内容提示： ●山东新华锦国际股份有限公司（以下简称"公司"）股票价格于2026年1月5日、 1月6日、1月7日连续三个交易日内收盘价格涨幅偏离值累计超过12%，属于《上海证 券交易所交易规则》规定的股票交易异常波动情形。 ●经公司董事会自查及发函问询控股股东、实际控制人，截至本公告披露日，公 司不存在应披露而未披露的重大信息。 ●相关风险提示： 公司股票存在可能被实施退市风险警示的风险：公司存在关联方非经营性资金 占用且被青岛证监局出具《行政监管措施决定书》，若公司未能按照责令改正要求在 六个月内清收被占用资金，公司股票将被实施停牌，停牌后两个月内仍未完成整改 的，公司股票将被实施退市风险警示，此后两个月内仍未完成整改的，公司股票将 被终止上市交易。公司一直就资金占用事宜与新华锦集团有限公司（以下简称"新 华锦集团"）沟通，新华锦集团正在对相关解决方案进行论证研究，目前解决方案 尚未确定。请广大投资者理性决策，审慎投资，注意投资风险。 公司控股股东及其一致行动人股份质押风险：截至本公告披露日，公司控股股东 及其一致行动人合计持有公司股份185,596,152股，占公司股份总数的43.28%，累计质 押公司 ...

柯毅、王荔扬在提交答辩状期间对管辖权提出异议，青岛市崂山区人民法院已于 2025年12月29日作出《民事裁定书》，驳回柯毅、王荔扬的管辖权异议请求。2026 年1月4日接法院口头通知，因柯毅、王荔扬就管辖权异议向青岛市中级人民法院提起 上诉，上述案件将延期开庭，具体开庭时间以法院另行通知为准。 公司将持续披露本次诉讼的进展情况，并按规定履行信息披露义务，敬请广大投 资者关注相关公告并注意投资风险。 山东新华锦国际股份有限公司（以下简称"公司"）的控股子公司上海荔之实业 有限公司未完成2023年业绩承诺，补偿义务人王荔扬、柯毅应向公司进行现金补偿。 详见公司于2024年4月27日发布的《山东新华锦国际股份有限公司关于子公司2023年 度未完成业绩承诺及有关业绩补偿的公告》（公告编号：2024-015）。 由于王荔扬、柯毅未按照相关约定向公司支付业绩补偿款，为维护公司和全体股 东的利益，公司向王荔扬、柯毅提起诉讼。2025年12月3日，公司收到青岛市崂山区 人民法院(2025)鲁0212民初14314号《开庭传票》，公司与柯毅、王荔扬的股权转让 纠纷一案定于2026年1月7日开庭。详见公司于2025年12月5日发 ...

法律意见书 致：山东新华锦国际股份有限公司 北京市金杜（青岛）律师事务所 关于山东新华锦国际股份有限公司 2026 年第一次临时股东会之 北京市金杜（青岛）律师事务所（以下简称本所）接受山东新华锦国际股份 有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督 管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共 和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行 政区、中国澳门特别行政区和中国台湾省）现行有效的法律、行政法规、规章和 规范性文件和现行有效的公司章程有关规定，指派律师出席了公司于 2026 年 1 月 5 日召开的 2026 年第一次临时股东会（以下简称本次股东会），并就本次股 东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2024 年年度股东大会审议通过的《山东新华锦国际股份有限公 司章程》（以下简称《公司章程》）； 5. 上证所信息网络有限公司提供的本次股东会网络投票情况的统计结果； 2. 公司 ...

证券代码：600735 证券简称：ST 新华锦 公告编号：2026-002 山东新华锦国际股份有限公司 2026年第一次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东会召开的时间：2026 年 1 月 5 日 (二) 股东会召开的地点：山东省青岛市崂山区松岭路 131 号 17 楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 司章程》的规定。 (五) 公司董事和董事会秘书的列席情况 二、 议案审议情况 (一) 非累积投票议案 | 1、出席会议的股东和代理人人数 | 346 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 190,794,709 | | 3、出席会议的股东所持有表决权股份数占公司有表决权 | | | 股份总数的比例（%） | 44.4972 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 公司 2026年第一 ...

Market Overview - The jewelry sector increased by 0.95% on January 5, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up by 1.38%, while the Shenzhen Component Index closed at 13828.63, up by 2.24% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 4.99, with a rise of 5.05% and a trading volume of 88,200 shares, totaling a transaction value of 43.46 million yuan [1] - Cai Zi Co. (605599) closed at 17.02, up by 3.97%, with a trading volume of 82,400 shares and a transaction value of 137 million yuan [1] - Di A Co. (301177) closed at 29.65, increasing by 2.70%, with a trading volume of 17,400 shares and a transaction value of 51.12 million yuan [1] - Other notable stocks include Man Ka Long (300945) at 16.44 (+1.73%), Lai Xi Tong Ling (603900) at 8.57 (+1.30%), and Xin Hua Jewelry (002731) at 12.67 (+0.88%) [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 14.05 million yuan from institutional investors, while retail investors experienced a net outflow of 22.39 million yuan [2] - Major stocks with significant net inflows include Zhou Dazheng (002867) with 22.52 million yuan from institutional investors, and ST Xinhua Jin (600735) with 9.66 million yuan [3] - Conversely, retail investors showed a net outflow from Zhou Dazheng of 19.59 million yuan and from ST Xinhua Jin of 5.32 million yuan [3]

证券代码：600735 证券简称：ST 新华锦 公告编号：2026-001 山东新华锦国际股份有限公司 关于收购山东新华锦新材料科技有限公司100%股权涉及 采矿权暨关联交易的进展公告 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。 一、交易概述 山东新华锦国际股份有限公司（以下简称"公司"）分别于 2023 年 6 月 21 日和 7 月 7 日召开了第十三届董事会第五次会议及 2023 年第一次临时股东大会，审议通过 了《关于收购山东新华锦新材料科技有限公司 100%股权涉及采矿权暨关联交易的议 案》，同意公司以自有资金 16,115.57 万元向关联方新华锦集团有限公司（以下简称 "新华锦集团"）收购其持有的山东新华锦新材料科技有限公司（以下简称"标的公 司"）100%股权（以下简称"本次交易"）。具体内容详见公司于 2023 年 6 月 22 日披露的《山东新华锦国际股份有限公司关于收购山东新华锦新材料科技有限公司 100%股权涉及采矿权暨关联交易的公告》（公告编号：2023-025）。 根据中天运会计师事务所（特殊普 ...

Group 1 - The core viewpoint of the news is that the China-South Korea Free Trade Zone concept has seen a significant increase of 2.25%, ranking fourth among concept sectors, with 12 stocks rising, including Zhongchuang Logistics, which hit the daily limit, and Qingdao King, Huaguang Source Sea, and Langzi Co., which rose by 5.23%, 5.02%, and 4.55% respectively [1][2] - The main inflow of funds into the China-South Korea Free Trade Zone concept sector amounted to 102 million yuan, with nine stocks receiving net inflows, led by Qingdao King with a net inflow of 49.93 million yuan [2][3] - The top three stocks in terms of net inflow ratio are Zhongchuang Logistics at 40.76%, Qingdao King at 7.18%, and Qingdao Port at 6.67% [3][4] Group 2 - The concept sectors with the highest daily increases include Xiaohongshu concept at 2.88%, Kuaishou concept at 2.49%, and China Shipbuilding System at 2.30%, while sectors with declines include Silicon Energy at -1.03% and Organic Silicon concept at -0.99% [2] - The trading volume and turnover rates for the top stocks in the China-South Korea Free Trade Zone concept show that Zhongchuang Logistics had a turnover rate of 2.35% and Qingdao King at 13.07% [3][4] - Stocks that experienced declines include ST Xinhua Jin at -0.63% and Mingtai Aluminum at -0.47%, indicating some volatility within the sector [1][4]