兴业证券股份有限公司 关于 金牌厨柜家居科技股份有限公司向不特定对象发行 可转换公司债券 受托管理事务报告 （2024 年度） 2025 年 5 月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"管理办法"）、《金 牌厨柜家居科技股份有限公司与兴业证券股份有限公司关于金牌厨柜家居科技 股份有限公司 2022 年公开发行可转换公司债券受托管理协议》（以下简称"受托 管理协议"）、《金牌厨柜家居科技股份有限公司公开发行可转换公司债券募集说 明书》（以下简称"募集说明书"）、《金牌厨柜家居科技股份有限公司 2024 年年 度报告》等相关公开信息披露文件、第三方中介机构出具的专业意见等，由本期 债券受托管理人兴业证券股份有限公司（以下简称"兴业证券"）编制。兴业证 券对本报告中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该 等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为兴业证券所作的承诺 或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作 ...

Meeting Overview - The annual general meeting of Jinpai Kitchen Home Technology Co., Ltd. was held on May 21, 2025, at the company's conference room in Xiamen [2] - The meeting was convened by the board of directors and chaired by Vice Chairman Pan Xiaozhen, utilizing a combination of on-site and online voting methods [2][3] Attendance and Voting - A total of 7 directors were in office, with 3 attending in person and others participating via communication [3] - The meeting's convening, holding, and voting procedures complied with the Company Law and the company's articles of association, ensuring the legality and validity of the resolutions made [2][6] Resolutions Passed - All proposed resolutions were approved, including: - 2024 Board of Directors Work Report [3] - 2024 Supervisory Board Work Report [3] - 2024 Independent Directors' Work Report [3] - 2024 Financial Settlement Report [4] - 2024 Annual Report and Summary [4] - 2024 Profit Distribution Plan [4] - Reappointment of the auditing firm for 2025 [4] - Compensation execution for directors, supervisors, and senior management for 2024 and the compensation plan for 2025 [4] - Provision of guarantees for subsidiaries [5] - Provision of guarantees for engineering agents [5] - Use of idle self-owned funds for entrusted financial management [5] - Application for comprehensive credit limits from banks [5] Legal Verification - The meeting was witnessed by Fujian Zhili Law Firm, with lawyers confirming that the meeting's procedures complied with relevant laws and regulations [6]

Meeting Overview - The shareholders' meeting was held on May 21, 2025, at the company's conference room in Xiamen [1] - The meeting was attended by shareholders representing 68.1154% of the total shares [1] - The meeting was convened by the board of directors and chaired by Vice Chairman Pan Xiaozhen, utilizing both on-site and online voting methods [1] Voting Results - All non-cumulative voting proposals were approved with a high majority, including: - Proposal 1: 99.9776% approval from A-shareholders [2] - Proposal 2: 99.9882% approval from A-shareholders [2] - Proposal 3: 99.9699% approval from A-shareholders [2] - Proposal 4: 99.9802% approval from A-shareholders [2] - Proposal 5: 99.9815% approval from A-shareholders [2] Cash Dividend Voting - The voting results for cash dividends showed unanimous support from shareholders holding more than 5% and 1%-5% of shares, with 100% approval [3] - Among shareholders holding less than 1%, 99.4367% approved the cash dividend proposal [3] Legal Compliance - The meeting's procedures were confirmed to comply with relevant laws and regulations, ensuring the legality and validity of the voting results [4]

金牌厨柜家居科技股份有限公司 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 证券代码：603180 证券简称：金牌家居 公告编号：2025-043 (一)股东大会召开的时间：2025 年 5 月 21 日 (二)股东大会召开的地点：厦门市同安工业集中区同安园集和路 190 号公司会议 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 | 86 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 105,072,775 | | 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（%） | 68.1154 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本次股东大会由公司董事会召集，副董事长潘孝贞主持。大会采取现场与网 络投票相结合的方式进行表决。本次会议的召集、召开和表决符 ...

关于金牌厨柜家居科技股份有限公司 2024 年年度股东大会的 法 意 见 书 律 福建至理律师事务所 地址：中国福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 邮政编码：350025 电话:（86 591）8806 5558 传真:（86 591）8806 8008 网址: http://www.zenithlawyer.com l 福建至理律师事务所 关于金牌厨柜家居科技股份有限公司 2024 年年度股东大会的法律意见书 闽理非诉字[2025]第102号 致:金牌厨柜家居科技股份有限公司 福建至理律师事务所(以下简称本所)接受金牌厨柜家居科技股份有限公司 (以下简称公司)之委托,指派蒋慧、韩叙律师出席公司 2024年年度股东大会 (以下简称本次会议),并依据《中华人民共和国公司法》(以下简称《公司法》)、 《中华人民共和国证券法》(以下简称《证券法》)、《上市公司股东会规则》《上 海证券交易所上市公司自律监管指引第 1 号 -- 规范运作》(以下简称《自律监 管指引第 1 号》)等有关法律、法规、规范性文件以及《金牌厨柜家居科技股份 有限公司章程》(以下简称《公司章程》)之规定出具法律意见。 对 ...

Core Viewpoint - The real estate market is entering a post-cycle phase, with new home sales and revenue declining significantly, leading to a softening in home consumption and increased demand for renovation in the secondary market [1] Group 1: Market Performance - In 2024, the total sales area of new commercial housing reached 97.385 million square meters, a year-on-year decrease of 12.9%, while the sales revenue totaled 96,750 billion yuan, down 17.1% [1] - Residential sales area and revenue fell by 14.1% and 17.6% respectively compared to 2023 [1] Group 2: Company Financials - The net cash flow from operating activities for nine major companies totaled 8.724 billion yuan, a decline of 21.4% from 2023, with nearly 80% of companies experiencing a decrease [2] - Gold Medal Home's net cash flow from operating activities dropped by 40.7%, significantly higher than the declines in revenue and net profit [3] Group 3: Contract Liabilities and Receivables - Approximately two-thirds of the nine companies saw an increase in contract liabilities, indicating a potential recovery in end-demand [5] - Gold Medal Home's contract liabilities surged by 150.3% to 485 million yuan compared to 2023 [5] - PIANO's accounts receivable plummeted by 59.4% to 209 million yuan, with the lowest turnover rate among the nine companies [6] Group 4: Financial Ratios - The average asset-liability ratio for the nine custom home companies was approximately 49.6%, a slight increase of 0.6% from 2023 [9] - Gold Medal Home had the lowest asset-liability ratio at 34.3%, up 2.3% year-on-year [9] - PIANO reduced its asset-liability ratio by 2.3 percentage points due to decreased operational liabilities and asset scale [9]

Core Insights - The real estate market in China is experiencing a downturn, with new residential property sales area dropping by 12.9% and sales revenue decreasing by 17.1% in 2024 compared to 2023 [1] - The custom home furnishing industry is facing challenges due to the sluggish real estate market, leading to a significant decline in revenue for major companies [2][5] Group 1: Industry Performance - In 2024, the total revenue of nine major custom home furnishing companies fell to 47.195 billion yuan, a decrease of 15.2% year-on-year [1] - The top revenue-generating company, Oppein Home, reported 18.925 billion yuan, contributing approximately 40% of the total revenue [1] - The revenue decline was most pronounced for PIANO, which saw a 32.7% drop, while Gold Medal Home experienced the smallest decline of less than 5% [1][2] Group 2: Quarterly Performance - In Q1 2024, about two-thirds of custom home furnishing companies maintained revenue growth, with companies like Sophia and Gold Medal Home achieving over 10% year-on-year growth [2] - By Q2 and Q3, the impact of the real estate downturn became evident, with four companies reporting revenue declines exceeding 20% in Q2, and this proportion increased to 77.8% in Q3 [2] - In Q4, while some companies managed to stabilize their revenue through strategic adjustments, others, particularly smaller firms, continued to see worsening performance [2] Group 3: Product Segment Performance - In 2024, Oppein Home's cabinet revenue was 5.450 billion yuan, which was 2.3 times that of the second-ranked Zhijia Home, despite a year-on-year decline of 22.5% [5][7] - Gold Medal Home was the only company to report growth in wardrobe revenue, increasing by 1.4% to 1.059 billion yuan [5][6] - The overall performance in the wood door segment was mixed, with Gold Medal Home achieving a revenue increase of 1.8%, while Oppein Home's wood door revenue fell by 17.7% [6][7] Group 4: Sales Channels - The majority of custom home furnishing companies experienced a reduction in the number of stores, with Oppein Home having 7,813 stores, nearly double that of Zhijia Home [8] - Gold Medal Home had the smallest reduction in store count, with only 23 stores closed, but its direct sales revenue plummeted by 89.6% [8][10] - The large-scale business segment saw a general contraction, with only Gold Medal Home reporting an increase in revenue [9] Group 5: International Expansion - Several companies, including Oppein Home and Zhijia Home, have made significant strides in international markets, with overseas revenue increasing by nearly 37% on average [9] - Oppein Home's global sales network now covers 146 countries and regions, while Zhijia Home has expanded to 15 countries including Australia and the USA [9]

证券代码：603180 证券简称：金牌家居 金牌厨柜家居科技股份有限公司 2024 年年度股东大会 会议资料 2025 年 5 月 二、股东参加股东大会依法享有发言权、质询权、表决权等权利。 股东参加股东大会，应认真履行其法定权利和义务，不得侵犯其他股 东的权益，不得扰乱大会的正常秩序。 三、股东在大会上发言，应围绕本次股东大会所审议的议案，简 明扼要。主持人可安排公司董事、监事和高级管理人员等回答股东问 题。 金牌家居 2024 年年度股东大会 会议资料目录 | 一、金牌家居 | | 2024 年年度股东大会须知…………………………3 | | --- | --- | --- | | 二、金牌家居 | | 2024 年年度股东大会议程…………………………5 | | 三、金牌家居 | | 2024 年年度股东大会议案…………………………7 | | 议案 | 1：《关于 | 2024 年度董事会工作报告的议案》………………………7 | | 议案 | 2：《关于 | 2024 年度监事会工作报告的议案》………………………16 | | 议案 | 3：《关于 | 2024 年度独立董事述职报告的议案》……………………1 ...

Core Insights - The overall performance of nine listed custom home furnishing companies in 2024 has been under pressure, with significant fluctuations in both revenue and profit [1][2] Revenue Summary - Oppein Home remains the industry leader with a revenue of 18.925 billion, but it has seen a year-on-year decline of 16.93%, marking a recent low [1][2] - Gold Medal Home showed resilience with a revenue decline of only 4.68% [1][2] - Other companies experienced double-digit revenue declines, with PIANO facing the largest drop at 32.68% [1][2] Profit Summary - Only Sophia achieved a year-on-year profit growth of 8.69%, while other companies generally faced profit declines or losses [1][3] - Shangpin Home, PIANO, and Dinggu Jichuang reported net losses of 215 million, 375 million, and 175 million respectively, with loss margins expanding significantly [1][3] Company-Specific Performance - Oppein Home's net profit was 2.599 billion, down 14.38% year-on-year, while it continues to advance its "retail home furnishing" strategy [2][3] - Sophia's revenue was 10.494 billion, down 10.04%, but it managed to maintain profitability with a net profit of 1.371 billion [3] - Zhibang Home reported a revenue of 5.258 billion, down 14.04%, and a net profit of 385 million, down 35.23% [3] - Gold Medal Home's revenue was 3.475 billion, down 4.68%, with a net profit of 199 million, down 31.76% [4] - Haolaike's revenue was 1.910 billion, down 15.69%, with a net profit of 89 million, down 62.93% [4] - Wole Home's revenue was 1.432 billion, down 16.29%, with a net profit of 121 million, down 22.50% [4] - PIANO's revenue was 0.886 billion, down 32.68%, with a net loss of 375 million, expanding by 535.88% [5] - Dinggu Jichuang's revenue was 1.027 billion, down 20.06%, with a net loss of 175 million, expanding by 982.54% [5] Industry Outlook - Despite the overall pressure in the custom home furnishing industry in 2024, there is potential for moderate recovery in 2025 due to ongoing policy optimizations in the real estate sector and the release of demand for home renovations [5]

金牌厨柜家居科技股份有限公司董事会 2025 年 5 月 13 日 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个别及连带责任。 为进一步加强与投资者的互动交流，金牌厨柜家居科技股份有限 公司（以下简称"公司"）将参加由厦门证监局、厦门上市公司协会 与深圳市全景网络有限公司联合举办的"厦门辖区上市公司 2024 年 年报业绩说明会暨投资者网上集体接待日活动"，现将相关事项公告 如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net），或关注微信公众号：全景财经，或下载全 景路演 APP，参与本次互动交流。活动时间为 2025 年 5 月 15 日（周 四） 15:40-17:00。届时公司部分董事、高管将在线就公司 2024 年度 业绩、公司治理、发展战略、经营情况等投资者关心的问题，与投资 者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告 | 证券代码：603180 | 证券简称：金牌家居 | | | 公告编号：2025-042 | | --- | --- | --- | - ...