国浩律师（上海）事务所 股东大会法律意见书 国浩律师（上海）事务所 关于亚振家居股份有限公司 2025 年第三次临时股东大会的法律意见书 致：亚振家居股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受亚振家居股 份有限公司（以下简称"公司"）的委托，指派本所律师出席了公司 2025 年第三次临时股东大会（以下简称"本次股东大会"）。现依据 《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》"）、中国证券监督管理 委员会《上市公司股东会规则》等法律、法规和规范性文件以及《公 司章程》的规定，就公司本次股东大会的召集与召开程序、出席会议 人员的资格、表决程序等有关事项的合法有效性出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的事项进 行了审查，查阅了本所律师认为出具本法律意见书所必需查阅的文 件，并对有关文件进行了必要的核查和验证。 本法律意见书仅供本次股东大会见证之目的使用，不得用作其他 任何目的。 本所律师同意将本法律意见书随公司其他公告文件一并予以公 告，并依法对本所出具的法律意见承担相应的责任。 本所律师根据对事实的了解和对 ...

一、 会议召开和出席情况 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-090 亚振家居股份有限公司 2025年第三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 | 1、出席会议的股东和代理人人数 | 437 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 167,737,645 | | 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 | 64.1526 | | 份总数的比例（%） | | 1、 议案名称：关于取消监事会、修订《公司章程》及其附件与相关制度并办理 工商变更登记的议案 二、 议案审议情况 (一) 非累积投票议案 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由董事会召集，公司董事长范伟浩先生主持会议。会议采用现 场投票和网络投票相结合的方式进行表决。会议的召开和表决符合《公司法》和 《公司章程》的规定，会议合法有效。 1 (一) 股东大会 ...

Group 1 - The Shanghai Stock Exchange has implemented self-regulatory measures against 164 cases of abnormal trading behaviors, including price manipulation and false declarations [1] - Stocks under risk warning for abnormal fluctuations include *ST Yazhen (603389) and Tianpu Co., Ltd. (605255), which are under close monitoring due to severe abnormal price movements [1] - The exchange has conducted special investigations into 27 major corporate events and reported 6 suspected illegal activities to the China Securities Regulatory Commission [1]

Market Overview - The home goods sector experienced a decline of 0.29% on September 10, with Zhongyuan Home leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers included: - N Wenfenda: closed at 74.77, up 170.03% with a trading volume of 137,200 shares and a turnover of 1.11 billion yuan [1] - Bingtai Turf: closed at 36.07, up 10.00% with a trading volume of 83,000 shares and a turnover of 290 million yuan [1] - Filinger: closed at 29.18, up 6.30% with a trading volume of 84,100 shares and a turnover of 238 million yuan [1] - Major decliners included: - Zhongyuan Home: closed at 15.36, down 10.02% with a trading volume of 179,300 shares and a turnover of 278 million yuan [2] - Songgu Technology: closed at 28.99, down 7.38% with a trading volume of 80,800 shares and a turnover of 243 million yuan [2] - Yuma Technology: closed at 17.40, down 6.10% with a trading volume of 291,000 shares and a turnover of 509 million yuan [2] Capital Flow - The home goods sector saw a net inflow of 108 million yuan from institutional investors, while retail investors experienced a net outflow of 119 million yuan [2][3] - Key stocks with significant capital flow included: - N Wenfenda: net inflow of 282.1 million yuan from institutional investors, with a net outflow of 35.25 million yuan from retail investors [3] - Gongchuang Turf: net inflow of 57.01 million yuan from institutional investors, with a net outflow of 30.83 million yuan from retail investors [3] - Opai Home: net inflow of 22.03 million yuan from institutional investors, with a net outflow of 9.07 million yuan from retail investors [3]

Group 1 - The Shanghai Stock Exchange announced self-regulatory measures against 174 cases of abnormal trading behaviors, including price manipulation and false declarations, from September 1 to September 5, 2025 [1] - Stocks under risk warning for abnormal fluctuations include *ST Yazhen (603389) and Tianpu Shares (605255), which are under key monitoring due to severe abnormal volatility [1] - The exchange conducted special investigations into 32 major events related to listed companies and reported 5 suspected illegal activities to the China Securities Regulatory Commission [1]

亚振家居股份有限公司 2025 年第三次临时股东大会 会议材料 二〇二五年九月十二日 亚振家居股份有限公司 2025 年第三次临时股东大会材料 | | | | 一、 | 会议须知·························· | 1 | | --- | --- | --- | | 二、 | 会议议程·························· | 3 | | 三、 | 年第三次临时股东大会议案·············· 2025 | 4 | | | 议案一：关于取消监事会、修订《公司章程》及其附件与相关制度并 | | | | 办理工商变更登记的议案···················· | 4 | | | 议案二：关于修订《关联交易管理办法》的议案·········· | 5 | | | 议案三：关于修订《独立董事工作制度》的议案·········· | 6 | | | 议案四：关于聘任 年度会计师事务所的议案·········· 2025 | 7 | | | 议案五：关于子公司广西锆业科技有限公司关联交易的议案····· | 8 | 亚振家居股份有限公司 2025 年第三次临时股东大会材料 ...

Core Viewpoint - The company is facing significant financial challenges, including a negative net profit and risks related to its stock listing status due to poor financial performance [1][2]. Group 1: Financial Performance - For the first half of 2025, the company's net profit attributable to shareholders was -33.09 million yuan, and the net profit after deducting non-recurring gains and losses was -31.22 million yuan, with an operating revenue of 105.99 million yuan (unaudited) [1][2]. - The company's stock has been under delisting risk warning since May 6, 2025, and if the audited net profit for 2025 remains negative, with operating revenue below 300 million yuan after excluding unrelated business income, the stock may face termination of listing risk [1][2]. Group 2: Subsidiary Integration Risks - The company has acquired a 51% stake in Guangxi Zirconium Industry Technology Co., Ltd. for 55.45 million yuan, and the integration of this subsidiary poses uncertainties in terms of business type, operational model, management systems, corporate culture, and financial management [3][4]. - There are risks associated with the subsidiary's ability to achieve expected profit levels due to various factors such as macroeconomic conditions, industry cycles, downstream markets, and environmental regulations [4]. Group 3: Market Trading Risks - On September 3, 2025, the company's stock price hit the daily limit, with a trading volatility of 9.76%. The latest rolling P/E ratio is reported as a loss, while the P/B ratio stands at 28.61, significantly higher than industry standards, indicating potential irrational market speculation [2][5]. - The company emphasizes the need for investors to make rational decisions and be cautious of trading risks in the secondary market [5]. Group 4: Other Relevant Information - The company has not identified any other significant events that could impact its stock price, and there are no reported insider trading activities among its executives or major shareholders [6][7].

证券代码：603389 证券简称：*ST 亚振 公告编号：2025-089 股票交易风险提示公告 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： 生产经营风险。亚振家居股份有限公司（以下简称"公司"）2025 年半年 度归属于上市公司股东的净利润为-3,309.39 万元，归属于上市公司股东的扣除非 经常性损益的净利润为-3,121.59 万元，实现营业收入 10,599.05 万元（未审计）。 公司股票已于 2025 年 5 月 6 日起被实施退市风险警示。若公司 2025 年度经审计 的扣除非经常性损益后的净利润为负值，且扣除与主营业务无关的业务收入和不 具备商业实质的收入后的营业收入低于 3 亿元，公司股票将面临终止上市风险。 子公司收入不确定性风险。公司与子公司广西锆业科技有限公司（以下简 称"广西锆业"）在现有业务类型、经营模式、管理制度、企业文化、财务管理 等诸多方面需要相互进行整合，未来是否能够高效整合和运营并达成预期目标， 存在不确定性。敬请广大投资者注意投资风险。 公司股票价格于 2025 年 ...

Group 1 - The renovation and building materials sector experienced a slight decline, closing at 14,596.87 points with a drop of 0.97% [1] - Individual stocks within the sector showed varying degrees of decline, with *ST Yazhen leading the drop at 24.74 CNY per share, down 4.77% [1] - Dongpeng Holdings and Purenai Co. followed, closing at 7.05 CNY per share (down 4.34%) and 6.08 CNY per share (down 4.10%) respectively [1] Group 2 - On the other hand, Zhongyuan Home and Yabo Co. saw gains, with Zhongyuan closing at 15.44 CNY per share (up 9.97%) and Yabo at 1.99 CNY per share (up 9.94%) [1] - Qisheng Technology also reported an increase, closing at 16.83 CNY per share with a rise of 3.57% [1] Group 3 - According to a report from Caitong Securities, the relaxation of real estate policies may boost homebuyer confidence, potentially leading to improved demand for building materials [1] - The current focus of policies is on "expanding domestic demand," indicating a resilient domestic demand sector [1] - The trading trend suggests a gradual shift towards defensive sectors [1]

Group 1 - The supervisory board of Yazhen Home Co., Ltd. held its ninth meeting of the fifth supervisory board, which was attended by all three supervisors, confirming compliance with relevant laws and regulations [1] - The supervisory board unanimously approved the proposal to appoint an accounting firm for the year 2025, stating that the decision-making process adhered to legal requirements and did not harm the interests of the company or its shareholders [1] - The proposal regarding related party transactions involving the subsidiary Guangxi Zirconium Industry Technology Co., Ltd. was also approved, with the supervisory board affirming that the transactions were necessary for normal business operations and complied with legal standards [2]