股票简称：百联股份 百联 B 股 重要内容提示： ●公司与百联集团有限公司拟按股权比例对百联亿万豪购物广场（长沙）有限公 司共同增资2亿元，公司按持股比例增资1.2亿元。 ●本次增资构成关联交易，经第十届董事会独立董事2025年第五次会议、第十届 董事会战略委员会2025年第五次会议、第十届董事会第十四次会议审议通过，本次增 资无需提交股东会审议。 一、关联交易概述 证券代码： 600827 900923 编号：临 2025-033 上海百联集团股份有限公司 关于拟对百联亿万豪购物广场（长沙）有限公司 同比例增资暨关联交易的公告 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法律责任。 公司于2025年1月26日召开的第十届董事会第九次会议审议通过了《关于拟收购百 联亿万豪购物广场(长沙)有限公司60%股权及委托上海百联益腾商业管理有限公司对 其管理暨关联交易的议案》，公司收购由Ivanhoe Cambridge Equity Two (HK) Limited （以下简称"亿万豪剑桥"）持有的百联亿万豪购物广场（长沙）有限公司（以下简 ...

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2025-032 上海百联集团股份有限公司 第十届董事会第十四次会议决议公告 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。 上海百联集团股份有限公司（以下简称 "公司"）第十届董事会第十四次会议于 2025 年 7 月 16 日（周三）上午 10:30 以通讯会议方式召开。会议应到董事 9 名，实 到董事 9 名。会议符合《公司法》和《公司章程》的有关规定，会议经审议一致通过 以下议案： 一、《关于杭州百联奥特莱斯广场三期开发项目的议案》 本议案经第十届董事会战略委员会 2025 年第五次会议审议通过，并同意提交董 事会审议。 二、《关于拟对百联亿万豪购物广场（长沙）有限公司同比例增资暨关联交易的 议案》 具体内容详见《上海百联集团股份有限公司关于拟对百联亿万豪购物广场（长沙） 有限公司同比例增资暨关联交易的公告》（临 2025-033） 表决结果：6 票同意，0 票反对，0 票弃权，3 票回避。 本议案经第十届董事会独立董事 2025 年第 ...

Core Viewpoint - The "Every Day Has a Show" performing arts market in Nanjing East Road serves as a new highlight for attracting foot traffic and exemplifies the integration of culture, commerce, and tourism, raising questions about its role in promoting consumption and sustainable operation [2][6]. Group 1: Market Structure and Activities - The performing arts market features 2 special booths, 17 standard booths, 2 dining spots, 3 brand collaboration installations, and a dedicated live streaming room, offering immersive experiences including performances, VR interactions, and social media engagement [3]. - During the 5-day event, 72 performers participated in 61 shows, averaging 1.35 performances per hour, showcasing a variety of artistic expressions [3][8]. Group 2: Consumer Engagement and Experience - The market attracts a diverse audience, particularly theater enthusiasts, providing a unique experience akin to a small journey filled with entertainment and knowledge [3][6]. - Observations indicate that while many visitors were curious about the market, some did not linger without ongoing performances, highlighting the need for engaging content to retain attention [11]. Group 3: Economic and Cultural Impact - The market serves as a low-cost experimental platform for businesses to test products and engage with consumers, functioning similarly to pop-up stores [5]. - The integration of cultural elements into the market aims to transform cultural value into economic driving force, linking various consumer services and enhancing the overall experience [9]. Group 4: Sustainability and Future Development - Experts suggest that for markets to be sustainable, they should focus on long-term impact rather than one-off events, advocating for a fixed schedule to cultivate consumer habits [12]. - The current challenge for markets in Shanghai is the lack of consistency in scheduling, which hinders the development of consumer loyalty and community engagement [12].

Meeting Summary - The annual general meeting of Shanghai Bailian Group Co., Ltd. was held on June 26, 2025, with no resolutions rejected [2][4] - The meeting was convened by the board of directors and chaired by Mr. Cao Hailun, with compliance to the Company Law and Articles of Association [2][3] Attendance - Out of 9 current directors, 8 attended the meeting, with some participating via video; the chairman was absent due to health reasons [3] - Out of 3 current supervisors, 2 attended, with the supervisor chairman absent for work reasons [3] Resolutions Passed - The following resolutions were approved: - 2024 Annual Board Work Report [4] - 2024 Annual Supervisory Board Work Report [4] - 2024 Annual Report Full Text and Summary [5] - 2024 Financial Settlement and 2025 Financial Budget [5] - 2024 Profit Distribution Proposal [5] - Proposal for 2025 Comprehensive Credit Line Application [5] - 2024 Daily Related Transactions and 2025 Estimated Transactions [5] - Financial Service Agreement with Bailian Group Financial Co., Ltd. [5] - Proposal for Opening Guarantee Pool Business [5] - Proposal for Purchasing Directors, Supervisors, and Senior Management Liability Insurance [6] - Non-independent Director Remuneration Plan [6] - Change of Accounting Firm [6] - Proposal to Cancel Supervisory Board and Amend Articles of Association [6] - Amendments to Shareholders' Meeting Rules [6] - Amendments to Board Meeting Rules [6] - Financial Assistance Extension to Shanghai Shangying Bailian Cinema Management Co., Ltd. [6] - Land Reserve Proposal [7] Legal Compliance - The meeting was witnessed by Guohao Law Firm, confirming that the convening and procedures complied with relevant laws and regulations [7] Guarantee Pool Business Update - The company has approved the establishment of a guarantee pool with a limit of up to RMB 200 million, with specific allocations for subsidiaries based on their debt ratios [10][12] - As of the announcement date, the company and its subsidiaries have applied for a total guarantee amount of RMB 55.72 million, with the company assuming joint liability for RMB 46.52 million [11][10] Subsidiary Financials - The wholly-owned subsidiary, Dongfang Department Store Co., Ltd., reported total assets of RMB 20.82 million and total liabilities of RMB 38.58 million as of March 31, 2025, with a net asset deficit [14]

Core Viewpoint - Shanghai Bailian Group Co., Ltd. has announced the progress of its guarantee pool business, which includes a total guarantee amount of 7.72 million yuan for its wholly-owned subsidiary, Oriental Department Store Co., Ltd. [1] Summary by Sections Guarantee Pool Business Overview - The company has approved the establishment of a guarantee pool business with a total limit of up to 200 million yuan, with specific allocations for subsidiaries based on their asset-liability ratios [1][4] - As of the announcement date, the company and its subsidiaries have applied for a total guarantee amount of 55.72 million yuan, with the company assuming joint liability for 46.52 million yuan [1][4] Basic Information of the Guaranteed Party - Oriental Department Store Co., Ltd. is a wholly-owned subsidiary of the company, established in 1990, with a registered capital of 37.34 million yuan [2][3] - The company operates in various sectors, including retail of daily necessities, clothing, cosmetics, and more [2] Financial Status of the Guaranteed Party - As of December 31, 2024, Oriental Department Store had total assets of 89.20 million yuan and total liabilities that were not disclosed [3] - As of March 31, 2025, the total assets were reported at 208.20 million yuan, with liabilities also not disclosed [4] Main Content of the Guarantee - The guarantee is issued to Estee Lauder (Shanghai) Trading Co., Ltd. for a total amount of 7.72 million yuan, with the company assuming joint liability [4] - The guarantee is a performance guarantee and is valid within the scope approved by the shareholders' meeting [4] Necessity of the Guarantee - The guarantee is necessary to fulfill the contractual obligations of Oriental Department Store, which is under effective management by the company, ensuring controllable risk [4] Cumulative External Guarantee and Overdue Guarantee - As of the announcement date, the total guarantee balance provided by the company and its subsidiaries is 284.40 million yuan, accounting for 1.4% of the latest audited net assets [4] - The company has no overdue guarantees [4]

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：2025-031 上海百联集团股份有限公司 关于开展保函池业务的进展公告 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。 重要内容提示 上海百联集团股份有限公司（以下简称"公司"）于 2024 年 4 月 11 日召开的第九届董事会 第三十三次会议、2025 年 4 月 14 日召开的第十届董事会第十次会议及 2024 年 6 月 6 日召开的 2023 年年度股东大会、2025 年 6 月 26 日召开的 2024 年年度股东大会审议通过了《关于申请开立保函 池业务的议案》。2025 年第二季度起至本公告日，在上述保函池业务范围内，公司及下属全资或 控股子公司申请开具保函额度为 772 万元 ，其中入池由公司承担连带责任担保金额为 772 万元。 上述保函使用公司授信额度开具；截至本公告日，公司无逾期担保事项。 一、保函情况概述 （一）基本情况 公司全资子公司东方商厦有限公司（以下简称"东方商厦"）与雅诗兰黛（上海） 商贸有限公司（以下简称"雅诗 ...

国浩律师(上海)事务所 上海百联集团股份有限公司(以下简称"公司")2024年年度股东大会（以 下简称"本次股东大会")于 2025年 6 月 26 日在上海市黄浦区六合路 58 号新 一百大厦 16 楼会议室召开。国浩律师(上海)事务所(以下简称"本所")接 受公司委托,指派经办律师出席会议见证。 本所律师遵照《律师事务所从事证券法律业务管理办法》的有关执业要求, 根据《中华人民共和国证券法》《中华人民共和国公司法》(以下简称《公司法》) 以及中国证券监督管理委员会《上市公司股东会规则》等法律、法规及规范性 文件和《上海百联集团股份有限公司章程》(以下简称《公司章程》)出具本法 律意见书。 本所律师系根据对事实的了解和对法律的理解,在对所有相关文件、资料 和信息进行核查判断的基础上,依法对本次股东大会有关事项发表法律意见。 本所律师同意公司将本法律意见书作为本次股东大会的必备文件公告。本所律 师保证本法律意见书不存在虚假、严重误导性陈述及重大遗漏,并愿意为此承 担相应的法律责任。 一、本次股东大会的召集、召开程序 (一) 本次股东大会的召集 公司董事会于 2025年 6 月 6 日发布《上海百联集团股份有限 ...

| | | 上海百联集团股份有限公司 2024年年度股东大会决议公告 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）股东大会召开的时间：2025 年 6 月 26 日 （二）股东大会召开的地点：上海市黄浦区六合路 58 号新一百大厦 16 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： | 1、出席会议的股东和代理人人数 | 543 | | --- | --- | | 其中：A 股股东人数 | 511 | | 境内上市外资股股东人数（B 股） | 32 | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,031,186,459 | | 其中：A 股股东持有股份总数 | 1,017,104,300 | | 境内上市外资股股东持有股份总数(B 股) | 14,082,159 | | 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（%） | 57.7965 | | 其中：A 股股东持 ...

Group 1 - The core viewpoint of the news highlights a strong rebound in the consumer sector, particularly through the Consumer Leader ETF (516130), which saw a price increase of 0.81% [1] - The leading stocks in various consumer segments, such as machinery, retail, and consumer services, experienced significant gains, with Stone Technology and Chongqing Department Store both rising over 5% [1] - The People's Bank of China and six other departments issued guidelines to support and expand consumption, proposing 19 key measures to enhance consumer capacity and optimize the consumption environment [1][3] Group 2 - There is an increasing focus on consumption from higher authorities, with favorable policies emerging to boost the consumer sector, indicating a potential trend in the market [3] - The Consumer Leader ETF's underlying index has a price-to-earnings ratio of 17.26, which is at a low point compared to the past decade, suggesting a favorable long-term investment opportunity [3] - Analysts predict that consumption will be a significant driver of economic growth in 2025, with ongoing policy support expected to create new dynamics and scenarios in the consumer market [3]

Group 1: Retail Industry Overview - The retail industry is focusing on three main investment themes for the second half of 2025: strong product momentum, improved operational conditions, and large comprehensive enterprises [7] - The beauty and personal care sector is showing strong performance, with a year-on-year growth of 62.51% in Q1 2025 for companies like Jinbo Biological and 28.01% for Marubi Biological [38] - The jewelry sector is witnessing a shift towards lighter and more affordable gold products, driven by younger consumers and the trend of diversification in the market [7] Group 2: Consumer Confidence and Sales Performance - In the first quarter of 2025, the total retail sales of consumer goods reached 12.47 trillion yuan, with a year-on-year increase of 3.6% [14] - The consumer confidence index showed a recovery trend in early 2025, indicating a positive outlook for retail consumption [14] - The beauty and jewelry categories experienced year-on-year retail sales growth of 5.48% and 8.06% respectively in the same period [14] Group 3: E-commerce and Offline Trends - E-commerce sales showed a mixed performance, with a total sales index of 50.6% in May 2025, reflecting a slight decline compared to previous months [23] - The offline retail market is stabilizing, with a noticeable recovery in shop rental rates, which reached 53.6% in April and May 2025 [29] - The operating space index showed fluctuations but remained stable, indicating a cautious approach to new store openings [29] Group 4: Investment Recommendations - The report recommends focusing on companies with strong product momentum and operational improvements, such as Proya, Giant Biological, and Marubi Biological [62] - The beauty sector is highlighted for its resilience and growth potential, with specific companies recommended for investment based on their strong performance metrics [62] - The medical beauty sector is also emphasized, particularly companies that are expanding their product lines and improving operational capabilities [7][63]