法律意见书 浙江天册律师事务所 关于江山欧派门业股份有限公司 于天册律师事务所 2025 年第二次临时股东大会的 法律意见书 (二)本次股东大会采取现场投票与网络投票相结合的方式。 l 编号:TCYJS2025H1816 号 致:江山欧派门业股份有限公司 浙江天册律师事务所(以下简称"本所")接受江山欧派门业股份有限公司 (以下简称"江山欧派"或"公司")的委托,指派本所律师参加公司 2025年第 二次临时股东大会,并根据《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》")和《上市公司股东会规 则》(以下简称"《股东会规则》")等法律、法规和其他有关规范性文件的要 求出具本法律意见书。 在本法律意见书中,本所律师仅对本次股东大会召集、召开程序、出席人员 的资格、召集人的资格、表决程序及表决结果的合法有效性发表意见,不对会议 所审议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书仅供公司 2025年第二次临时股东大会之目的使用。本所律师同 意将本法律意见书随江山欧派本次股东大会其他信息披露资料一并公告,并依法 对本所在其中发表的 ...

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-069 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 2025年第二次临时股东大会决议公告 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 11 月 10 日 (二)股东大会召开的地点：浙江省衢州市江山市贺村镇淤头村淤达山自然村 8 号 江山欧派二楼一号会议室 (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 | 115 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 106,259,209 | | 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（%） | 60.4161% | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会 ...

Core Viewpoint - The company has been actively expanding its overseas business, particularly in the European Union, with a significant increase in foreign trade export revenue over the past two years [1]. Group 1: Overseas Business Expansion - The company has exported to EU countries in the past two years, indicating a strategic focus on international markets [1]. - Foreign trade export revenue for the first three quarters has increased by 86.24% year-on-year, highlighting robust growth in this segment [1]. Group 2: Business Models - The company is transitioning its foreign trade model from a "sitting merchant" approach to a dual model that includes both "sitting merchant" and "walking merchant" strategies [1]. - The "sitting merchant" model focuses on service-driven sales, optimizing customer engagement, and enhancing customer satisfaction and loyalty [1]. - The "walking merchant" strategy emphasizes an unwavering commitment to international expansion, particularly in the Middle East and Southeast Asia, targeting mainstream channels and customers [1].

Core Viewpoint - Jiangshan Oupai, a leading door manufacturer, is undergoing significant capacity adjustments due to continuous performance declines, with a 43.11% year-on-year revenue drop and a net loss of 42.06 million yuan in the first three quarters of 2025 [1][6]. Group 1: Company Performance - Jiangshan Oupai's revenue for the first three quarters of 2025 was 1.284 billion yuan, a decrease of 43.11% year-on-year, with a net loss of 41.49 million yuan [6]. - The company reported a net profit decline of over 70% for the entire year of 2024, with no signs of recovery in 2025 [7]. - The operational challenges faced by its subsidiaries in Henan and Chongqing reflect the overall performance decline of Jiangshan Oupai [6][7]. Group 2: Strategic Adjustments - The company has decided to halt production at its subsidiaries in Henan and Chongqing, transferring operations to its Zhejiang base to optimize resource allocation and reduce losses [4][5]. - This decision is part of a broader industry trend where companies are consolidating core capacities to enhance operational efficiency during a period of deep industry adjustment [3][4]. - The closure of these "low-efficiency" factories is a strategic move to address insufficient orders and low capacity utilization, aiming to lower operational costs [4][5]. Group 3: Industry Context - The current market environment, characterized by oversupply and fluctuations in the real estate market, has significantly impacted companies focused on hard decoration materials like doors [5][8]. - The industry is experiencing a critical transition, requiring companies to shift from being "single product suppliers" to "comprehensive service providers" to adapt to changing market demands [7][8]. - There is a growing trend towards personalized, customized, and environmentally friendly home products, necessitating increased R&D investment and optimization of sales channels [9].

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】529 号 中证鹏元关于关注江山欧派门业股份有限公司全资子公司 产能转移并停产事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对江 山欧派门业股份有限公司（以下简称"江山欧派"或"公司"，股票 代码：603208.SH）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 | | 债券简称 | 上一次评级时间 | 上一次评级结果 | | | | --- | --- | --- | --- | --- | --- | | | | | 主体等级 | 债项等级 | 评级展望 | | 江山转债 | | 2025-7-15 | AA- | AA- | 负面 | 根据公司于 2025 年 10 月 28 日发布的《江山欧派门业股份有限 公司关于全资子公司产能转移并停产的公告》（以下简称"公告"）， 公司全资子公司河南欧派门业有限责任公司（以下简称"河南欧派公 司"） 和重庆江山欧派门业有限公司（以下简称"重庆欧派公司"） 受行业市场整体下行、市场竞争加剧等因素影响，目前订单 ...

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-068 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 关于评级机构将公司及公司可转债列入关注 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。 江山欧派门业股份有限公司（以下简称 "公司"）于 2025 年 11 月 5 日收到 公司可转换公司债券评级机构中证鹏元资信评估股份有限公司（以下简称"中证 鹏元"）出具的《中证鹏元关于关注江山欧派门业股份有限公司全资子公司产能 转移并停产事项的公告》（中证鹏元公告【2025】529 号），并已收到《列入关注 通知书》（中证鹏元公告【2025】529 号）。 江山欧派门业股份有限公司 董事会 2025 年 11 月 6 日 鉴于公司全资子公司产能转移并停产，中证鹏元决定将公司及公司可转债列 入关注。 中证鹏元将密切关注下游需求对公司订单、毛利率及经营净现金流的影响， 以及公司应收账款的回收情况，并持续跟踪上述事项进展对公司 ...

Core Viewpoint - Jiangshan Oupai announced that on November 5, 2025, it received a notification from the credit rating agency Zhongzheng Pengyuan regarding the company's full subsidiary's capacity transfer and suspension of production, leading to the inclusion of the company and "Jiangshan Convertible Bonds" under observation [1] Group 1 - Zhongzheng Pengyuan will focus on the impact of downstream demand on the company's orders, gross margin, and operating net cash flow [1] - The agency will also monitor the collection of accounts receivable and its effects on the company's credit rating and outlook [1] - Continuous tracking of the aforementioned matters will be conducted to assess their impact on the company's main credit rating and the credit rating of "Jiangshan Convertible Bonds" [1]

江山欧派门业股份有限公司 2025 年第二次临时股东大会会议资料 江山欧派门业股份有限公司 2025 年第二次临时股东大会会议资料 （股票代码：603208） 会议时间：二〇二五年十一月十日 1 | | | 江山欧派门业股份有限公司 2025 年第二次临时股东大会会议资料 2025 年第二次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》、中 国证监会《上市公司股东会规则》以及《公司章程》等规定，特制定 2025 年第 二次临时股东大会会议须知： 一、本次会议由董秘办具体负责会议期间的组织及相关会务工作。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，请出 席大会的股东或股东代理人（以下统称"股东"）及相关人员准时到达会场签到 确认参会资格。截至股东参会登记当天没有通过电话、邮件或传真方式登记的， 不在签到表上登记签到，或会议正式开始后没有统计在会议公布股权数之内的股 东或股东代理人，不参加表决和发言。 三、请参加人员自觉遵守会场秩序，进入会场后，请关闭手机或调至振动状 态。 四、股东 ...

Core Viewpoint - The article discusses the contrasting strategies of Jiangshan Oupai and Yashi Chuangneng in response to the current market downturn, highlighting their decisions to either downsize operations or attempt to pivot for recovery [1] Jiangshan Oupai - Jiangshan Oupai announced the suspension of operations at its subsidiaries in Henan and Chongqing due to insufficient orders, low capacity utilization, and ongoing losses [2][4] - Financial data reveals significant losses for the subsidiaries: Henan Oupai lost 14.08 million yuan, while Chongqing Oupai lost 13.52 million yuan in the first nine months of 2025 [4] - As of September 30, 2025, Chongqing Oupai's net assets were negative at -7.51 million yuan, indicating deteriorating financial health [4][7] - Jiangshan Oupai's overall revenue for the first three quarters of 2025 was 1.284 billion yuan, a year-on-year decline of 43.11%, with a net loss of 41.49 million yuan [8] - The company experienced significant management turnover, with multiple executives resigning in July 2025, including the general manager [9] Yashi Chuangneng - Yashi Chuangneng plans to dispose of assets across six factories to improve its financial structure and support core business development [10] - The assets for sale include factories in Shanghai, Anhui, Chongqing, and Guangzhou, which are strategically located and equipped for potential digital transformation [10] - Yashi's revenue has significantly declined, with a reported 74.18% decrease in the first half of 2025 compared to the previous year, resulting in a net loss of 191.6 million yuan [11] - The company faces challenges such as bank loan withdrawals and increased legal disputes, which have adversely affected its operations and reputation [12]

Core Points - Jiangshan Oupai plans to shut down two production bases due to insufficient orders and ongoing losses, with total losses nearing 30 million yuan [4] - The company cites overall industry downturn and intensified market competition as key factors leading to low capacity utilization and continuous losses [4] - The financial situation of the two subsidiaries reveals a net loss of 14.08 million yuan for Henan Oupai from January to September this year [4] Summary by Category Company Actions - Jiangshan Oupai has decided to close its wholly-owned subsidiaries, Henan Oupai and Chongqing Oupai, to reduce operational costs and losses [4] - After the shutdown, business and orders from the closed subsidiaries will be transferred to the Zhejiang Jiangshan production base [4] Financial Performance - The total losses of the two subsidiaries are reported to be close to 30 million yuan [4] - Henan Oupai's unaudited net profit for the first nine months of the year shows a loss of 14.08 million yuan [4] Market Conditions - The company attributes its challenges to a general decline in the industry market and increased competition [4]