Core Points - The report details a share transfer involving Jiangsu Wanlin Modern Logistics Co., Ltd, where the information disclosing party, Gongqingcheng Surui Investment Co., Ltd, is reducing its shareholding through a negotiated transfer [1][2][6] - The share transfer involves 77,606,585 shares, representing 12.95% of the total share capital of Wanlin Logistics [1][6] - The transfer price for the shares is set at 383,454,137 yuan, which is approximately 54.1 million USD [6][8] Group 1: Shareholding Changes - Prior to the transfer, the information disclosing party and its concerted actors held a total of 189,821,340 shares, accounting for 31.68% of the total share capital [7] - After the transfer, the information disclosing party will retain 15,700,072 shares, which is 2.62% of the total share capital [7][13] - The control of the company remains unchanged despite the reduction in shareholding [7][11] Group 2: Parties Involved - The information disclosing party, Gongqingcheng Surui Investment Co., Ltd, is a limited liability company established on June 10, 2020, with a registered capital of 20 million yuan [4][5] - The actual controller of Surui Investment and its concerted actors is Fan Jibo, who is also the legal representative [4][5] - The concerted actors include Gongqingcheng Bolu Investment Partnership and Gongqingcheng Bochun Investment Co., Ltd, both of which have not changed their shareholding [2][4] Group 3: Regulatory Compliance - The share transfer requires compliance confirmation from the Shanghai Stock Exchange before the transfer can be registered with the China Securities Depository and Clearing Corporation [2][6] - The report confirms that the information disclosing party has not engaged in any other share transactions in the six months prior to the report [12]

Core Viewpoint - Jiangsu Wanlin Modern Logistics Co., Ltd. is undergoing a significant equity change, with Huang Fei acquiring 77,606,585 shares, representing 12.95% of the total share capital through a private transfer agreement with Su Rui Investment [1][4]. Group 1: Equity Change Details - The equity change involves Huang Fei acquiring shares from Su Rui Investment, which will increase his stake in Wanlin Logistics to 12.95% [3][5]. - The total consideration for the share transfer is RMB 383,454,137 (approximately 383.45 million) [5][8]. - The transfer of shares is subject to compliance confirmation from the Shanghai Stock Exchange before registration with the China Securities Depository and Clearing Corporation [2][6]. Group 2: Shareholding Intentions - Huang Fei's acquisition is based on confidence in the company's future development and value recognition [4]. - There are no plans to increase his stake in the company within the next 12 months, and he commits not to reduce his holdings for 18 months post-transfer [4][11]. - The funding for the share acquisition comes from Huang Fei's own resources [5]. Group 3: Compliance and Legal Aspects - The report confirms that there are no false records or misleading statements, and the information disclosed is complete and accurate [2][10]. - The share transfer will not lead to a change in the actual controller of the company, ensuring no harm to the interests of the company or other shareholders [9].

Core Viewpoint - Jiangsu Wanlin Modern Logistics Co., Ltd. announced that its controlling shareholder, Gongqingcheng Surui Investment Co., Ltd., signed a share transfer agreement to transfer 77,606,585 shares (12.95% of total share capital) to Mr. Huang Fei at a price of 4.941 yuan per share, totaling 383,454,137 yuan [1][2][4]. Summary by Sections Agreement Overview - The share transfer involves 77,606,585 shares, representing 12.95% of the company's total share capital [2]. - The transfer price is set at 4.941 yuan per share, amounting to a total consideration of 383,454,137 yuan [2][4]. - The transfer will not trigger a mandatory bid and will not change the actual controller of the company [2][9]. Background and Purpose - The transfer is based on the financial needs of Surui Investment and the recognition of the company's long-term investment value by Mr. Huang Fei [3]. Approval and Procedures - The transfer is subject to compliance confirmation by the Shanghai Stock Exchange before the share transfer can be registered with the China Securities Depository and Clearing Corporation [3][9]. Parties Involved - The transferor is Gongqingcheng Surui Investment Co., Ltd., with its main shareholder being Fan Jibo [3]. - The transferee, Mr. Huang Fei, has provided proof of creditworthiness to complete the transfer [3]. Key Terms of the Transfer Agreement - The payment for the shares will be made in installments: 150 million yuan by September 30, 2025, another 150 million yuan by November 30, 2025, and the remaining amount by December 31, 2025 [4]. - The agreement includes provisions for the transfer of rights associated with the shares, including profit distribution and voting rights [4]. Additional Arrangements - The transfer will not affect the company's governance structure or ongoing operations significantly [9]. - The transferee intends to appoint a director to the company's board following the transfer [9]. - The transferee is restricted from selling the acquired shares for 18 months post-transfer [9].

Core Viewpoint - The controlling shareholder and actual controller of Jiangsu Wanlin Modern Logistics Co., Ltd. have decided to terminate their share reduction plan ahead of schedule, resulting in no shares being sold as initially planned [1][5]. Shareholding Structure - The controlling shareholder, Qiongqing City Surui Investment Co., Ltd., holds 18,618,600 shares through block trading and 60,000 shares through centralized bidding, totaling 93,306,657 shares, which is 15.57% of the total share capital [1][4]. - The actual controller and chairman, Fan Jibo, holds 77,606,585 shares, accounting for 12.95% of the total share capital, with 72,710,000 shares acquired through agreement transfer and 4,896,585 shares through centralized bidding [1][4]. - The consistent action partner, Qiongqing City Bolui Investment Partnership, holds 18,417,000 shares (3.07%) through agreement transfer, while another partner, Qiongqing City Bochun Investment Co., Ltd., holds 491,098 shares (0.08%) through centralized bidding [2][4]. Reduction Plan Implementation Results - The reduction plan was announced on August 14, 2025, with a maximum intended reduction of 5,991,977 shares (up to 1% of total share capital) within 90 days after the announcement [2][3]. - As of the announcement date, the reduction plan had not been implemented, and the shareholders decided to terminate the plan early, resulting in zero shares being sold [3][5]. - The total intended reduction amount was 0 yuan, with a reduction completion status of "not completed" for the planned shares [5].

Core Insights - Wanlin Logistics reported a revenue of 127 million yuan for the first half of 2025, a year-on-year decrease of 15.55% [1] - The company's net profit attributable to shareholders was 9.92 million yuan, down 38.96% year-on-year, with a basic earnings per share of 0.02 yuan [1] - The gross margin for the first half of 2025 was 28.01%, a decline of 6.16 percentage points compared to the previous year [1] Financial Performance - The company's net profit margin was 7.80%, a decrease of 3.02 percentage points year-on-year [1] - In Q2 2025, the gross margin was 27.38%, down 8.83 percentage points year-on-year and 1.29 percentage points quarter-on-quarter [1] - The net profit margin for Q2 2025 was 12.03%, a decrease of 2.68 percentage points year-on-year but an increase of 8.64 percentage points quarter-on-quarter [1] Cost Management - Total operating expenses for the first half of 2025 were 32.63 million yuan, a reduction of 6.08 million yuan compared to the previous year [2] - The expense ratio was 25.72%, a slight decrease of 0.05 percentage points year-on-year [2] - Financial expenses decreased significantly by 78.70% year-on-year [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 28,200, a decrease of 3,670 or 11.53% from the previous quarter [2] - The average market value per shareholder increased from 103,700 yuan to 131,900 yuan, representing a growth of 27.18% [2] Company Overview - Wanlin Logistics, established on November 12, 2007, is located in Jiangsu Province and specializes in comprehensive logistics services for imported timber supply chain management [2] - The main business revenue composition includes 85.70% from loading and unloading services, 9.42% from basic logistics, 4.80% from other services, and 0.08% from trade agency [2] - The company is classified under the transportation and logistics industry, specifically in cross-border logistics [2]

证券代码：603117 证券简称：万林物流 公告编号：2025-034 江苏万林现代物流股份有限公司 2025年半年度募集资金存放与实际使用情况 的专项报告 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。 江苏万林现代物流股份有限公司(以下简称"公司")董事会根据中国证券 监督管理委员会《上市公司募集资金监管规则》等规定，编制了截至 2025 年 6 月 30 日募集资金存放与实际使用情况的专项报告。现将截至 2025 年 6 月 30 日 募集资金存放与实际使用情况专项说明如下： 一、 募集资金基本情况 二、 募集资金管理情况 (一) 募集资金管理情况 为规范募集资金的管理和使用，公司根据《上市公司募集资金监管规则》 等有关法律、法规的规定，结合公司实际情况制定了公司《募集资金管理办 法》，对募集资金存放、使用及监管等方面做出了明确规定，以保证专款专用。 经中国证券监督管理委员会《关于核准江苏万林现代物流股份有限公司非 公开发行股票的批复》（证监许可[2016]1608 号）核准，并经上海证券交易所 同意，公司向特定对象发行 ...

江苏万林现代物流股份有限公司 第五届监事会第十八次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 江苏万林现代物流股份有限公司（以下简称"公司"）第五届监事会第十八 次会议于 2025 年 8 月 29 日以现场结合通讯表决方式召开，本次会议通知于 2025 年 8 月 18 日送达各位监事，会议应到监事 3 人，实际参加会议监事 3 人。本次 会议的召集和召开程序符合《中华人民共和国公司法》等相关法律法规及《公司 章程》的有关规定，会议决议合法、有效。 二、监事会会议审议情况 与会监事审议并通过了如下议案： 证券代码：603117 证券简称：万林物流 公告编号：2025-033 （二） 《公司 2025 年半年度募集资金存放与实际使用情况的专项报告》 监事会认为：公司董事会编制的《2025 年半年度募集资金存放与实际使用 情况的专项报告》符合中国证券监督管理委员会《上市公司募集资金监管规则》 等相关规定，如实反映了公司 2025 年半年度募集资金存放与实际使用情况。公 司募集资金的存放和 ...

证券代码：603117 证券简称：万林物流 公告编号：2025-032 江苏万林现代物流股份有限公司 第五届董事会第二十六次会议决议公告 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。 一、董事会会议召开情况 江苏万林现代物流股份有限公司（以下简称"公司"）第五届董事会第二十六 次会议于 2025 年 8 月 29 日以现场结合通讯表决方式召开，本次会议通知于 2025 年 8 月 18 日送达各位董事，会议应到董事 8 人，实际参加会议董事 8 人。本次 会议的召集和召开程序符合《中华人民共和国公司法》等相关法律法规及《公司 章程》的有关规定，会议决议合法、有效。 二、董事会会议审议情况 与会董事审议并通过了如下议案： （一） 《<公司 2025 年半年度报告>及其摘要》 表决结果：8 票同意、0 票反对、0 票弃权。表决结果为通过。 本议案已经公司第五届董事会审计委员会审议通过。 具体内容详见公司于同日披露的《江苏万林现代物流股份有限公司 2025 年 半年度报告》及其摘要。 （二） 《公司 2025 年半年度募集资金存放 ...

江苏万林现代物流股份有限公司2025 年半年度报告 公司代码：603117 公司简称：万林物流 江苏万林现代物流股份有限公司 2025 年半年度报告 1 / 156 江苏万林现代物流股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人樊继波、主管会计工作负责人郝剑斌及会计机构负责人（会计主管人员）于劲 松声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 报告期内不进行利润分配，也不进行资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所 ...

Core Viewpoint - Wanlin Logistics announced a share transfer agreement where its controlling shareholder, Su Rui Investment, will transfer approximately 77.61 million shares (12.95% of total shares) to Mr. Huang Fei, with a commitment not to sell these shares for 18 months after the transfer [1] Group 1: Share Transfer Details - The share transfer agreement was signed on August 28, 2025, between Su Rui Investment and Mr. Huang Fei [1] - The transfer is based on the financial needs of Su Rui Investment and its concerted actions, while Mr. Huang Fei recognizes the long-term investment value of the company [1] - The transfer is subject to relevant legal regulations and requires further approvals or procedures [1] Group 2: Financial Performance - For the year 2024, Wanlin Logistics reported that its revenue composition was 95.19% from modern service industries and 4.81% from other businesses [1] - As of the report date, Wanlin Logistics has a market capitalization of 3.3 billion yuan [1]