Group 1 - The founder and controlling person of Xinquan Co., Ltd., Tang Aoqi, passed away at the age of 80 on October 26 [1] - Tang Aoqi was instrumental in the establishment and growth of Xinquan Co., Ltd., dedicating over 40 years to the automotive industry [4] - Xinquan Co., Ltd. has become a leading provider of automotive decorative parts, covering both commercial and passenger vehicle applications, and was listed on the Shanghai Stock Exchange in March 2017 [7] Group 2 - As of the first half of 2025, Xinquan Co., Ltd. reported a revenue increase of 21.01% year-on-year to 7.459 billion yuan, with a net profit attributable to shareholders growing by 2.80% to 422 million yuan [7] - Tang Aoqi did not hold any direct shares in Xinquan Co., Ltd. but controlled the major shareholder, Jiangsu Xinquan Zhihua Investment Co., Ltd. [9] - The inheritance of Tang Aoqi's shares in Xinquan Investment will be handled according to legal regulations, and this will not lead to a change in the company's control [13]

Core Viewpoint - The company announced the passing of its founder and actual controller, Tang Aoqi, at the age of 80, highlighting his significant contributions to the establishment and growth of the company over the past 40 years [1] Group 1: Company Leadership - Tang Aoqi was a key figure in the founding and development of the company, dedicating his life to the automotive industry [1] - The controlling shareholder, Xinquan Investment, holds 127,153,572 shares, representing 25.86% of the total share capital [1] - Tang Aoqi owned 51% of Xinquan Investment, and the shares will be inherited according to legal regulations [1] Group 2: Corporate Governance - The company will ensure that the inheritance process does not lead to a change in control [1] - The company commits to timely information disclosure regarding the progress of the inheritance [1]

Core Insights - Xinquan Co., Ltd. experienced a stock price increase of 7.64%, reaching 79.21 CNY per share, with a trading volume of 363 million CNY and a turnover rate of 0.95%, resulting in a total market capitalization of 38.946 billion CNY [1] Group 1: Company Overview - Jiangsu Xinquan Automotive Interior Co., Ltd. is located in Changzhou, Jiangsu Province, and was established on April 28, 2001. The company went public on March 17, 2017, and specializes in providing comprehensive solutions for automotive interior components [1] Group 2: Fund Holdings - Huashan Fund has a significant holding in Xinquan Co., with its Huashan Sports and Health Flexible Allocation Mixed A Fund (001532) holding 1.1056 million shares, accounting for 2.25% of the fund's net value, making it the seventh-largest holding. The estimated floating profit from this investment is approximately 6.2133 million CNY [2] Group 3: Fund Performance - The Huashan Sports and Health Flexible Allocation Mixed A Fund (001532) was established on June 8, 2017, with a current scale of 2.068 billion CNY. Year-to-date returns are 48.87%, ranking 1113 out of 8226 in its category, while the one-year return is 50.12%, ranking 983 out of 8099. Since inception, the fund has achieved a return of 348.4% [2] Group 4: Fund Managers - The fund managers for Huashan Sports and Health Flexible Allocation Mixed A Fund are Liu Changchang and Sang Xiangyu. Liu has been in position for 5 years and 295 days, managing assets totaling 6.642 billion CNY, with the best return during his tenure being 235.13% and the worst at 11.81%. Sang has been in position for 2 years and 118 days, managing assets of 3.059 billion CNY, with the best return of 91.53% and the worst at 8.59% [3]

| 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2025-059 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 唐敖齐先生作为公司创始人、实际控制人之一，一手创办了新泉股份，经过 四十多年对汽车事业的坚守，为公司的发展倾注了毕生心血，为公司的创立、成 长、发展壮大作出了卓越贡献。公司董事、监事、高级管理人员及全体员工对唐 敖齐先生为公司的辛勤付出和贡献致以崇高敬意和衷心感谢，对唐敖齐先生的逝 世表示沉痛哀悼和深切缅怀，并向其家属致以深切慰问！ 公司控股股东江苏新泉志和投资有限公司（以下简称：新泉投资）持有公司 股份 127,153,572 股，占公司目前总股本的 25.86%，唐敖齐先生持有新泉投资 51%的股权，唐敖齐先生持有新泉投资的股权将按法律法规办理继承手续，公司 将根据进展情况及时履行信息披露义务。本次继承事宜不会导致公司控制权发生 变更。 唐敖齐先生未直接持有公司股份，亦不在公司任职，唐敖齐先生的逝世不会 对公司生产经营造成重大影响。公司董事、监事及高级管理人员正常履职，公司 生产经营业务正常进行。公司董事、监事、高 ...

新泉股份（603179）(603179.SH)公告，公司收到公司创始人、实际控制人之一唐敖齐先生的家属通 知，唐敖齐先生于2025年10月26日逝世。 ...

Core Points - The company announced the passing of its founder and actual controller, Mr. Tang Aoqi, on October 26, 2025 [1] Company Summary - The company, Xinquan Co., Ltd. (stock code: 603179.SH), received notification from the family of Mr. Tang Aoqi regarding his death [1]

Core Viewpoint - The announcement regarding the passing of Tang Aoqi, the founder and actual controller of Xinquan Co., Ltd., indicates a significant event for the company, but it is stated that this will not lead to a change in control of the company [1]. Group 1 - Tang Aoqi passed away on October 26, 2025, at the age of 80 [1]. - The controlling shareholder, Jiangsu Xinquan Zhihua Investment Co., Ltd., holds 127 million shares, accounting for 25.86% of the company's total share capital [1]. - Tang Aoqi owned 51% of the equity in Xinquan Investment, and the shareholding will be handled according to legal regulations for inheritance [1].

Core Points - The founder and actual controller of Xinquan Co., Mr. Tang Aoqi, passed away on October 26, 2025, at the age of 80 [1] - Mr. Tang held 51% of Xinquan Investment, which is the controlling shareholder of Xinquan Co. [1] - Xinquan Investment owns 127 million shares of Xinquan Co., accounting for 25.86% of the total share capital [1] - The company states that Mr. Tang's passing will not have a significant impact on its production and operations, which will continue normally [1]

Group 1 - The company announced the redemption and delisting of the "New 23 Convertible Bonds" effective from October 30, 2025, after the last trading day on October 24, 2025 [2][4][15] - The last conversion date for the "New 23 Convertible Bonds" is October 29, 2025, with only three trading days remaining until this date [3][14] - The redemption price is set at 100.2192 CNY per bond, which includes the face value and accrued interest [4][8][9] Group 2 - The company triggered the redemption clause as the stock price exceeded 130% of the conversion price for 15 trading days from September 8 to September 29, 2025 [5][7] - The company will issue a notice to all bondholders regarding the redemption process and will freeze all unconverted bonds after the redemption registration date [11][12] - The company confirmed that the bondholders must convert their bonds within the specified period to avoid forced redemption, which could lead to significant investment losses [4][16][17] Group 3 - The actual controller of the company, Mr. Tang Zhihua, reduced his shareholding by 9,683,400 shares, representing a 1.97% decrease in his total holdings [21][22] - The reduction was executed through both centralized bidding and block trading, with the plan fully implemented by October 23, 2025 [21][26] - Following the reduction, Mr. Tang's shareholding decreased from 38.68% to 36.72%, which triggered a 1% threshold change in equity [23][24][27]

Core Viewpoint - Xinquan Co., Ltd. announced that investors holding the "Xin 23 Convertible Bond" can only convert at a price of 50.75 yuan per share or face mandatory redemption at a price of 100 yuan per bond plus accrued interest of 0.2192 yuan per bond, totaling 100.2192 yuan per bond, which may lead to significant investment losses for investors [1]. Summary by Category - **Company Announcement** - Xinquan Co., Ltd. released an announcement regarding the terms for the "Xin 23 Convertible Bond" [1]. - **Investment Terms** - Investors can convert their bonds at a price of 50.75 yuan per share or opt for mandatory redemption at a total of 100.2192 yuan per bond [1]. - **Potential Risks** - The mandatory redemption option may result in substantial investment losses for investors [1].