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。 亚振家居股份有限公司（以下简称"公司"）于 2025 年 6 月 6 日披露了《要 约收购报告书》等相关文件。吴涛先生向除吴涛先生及其一致行动人范伟浩先生 之外的全体公司股东发出部分要约收购（以下简称"本次要约收购"）。本次要约 收购数量为 55,177,920 股，占公司总股本的 21.00%，要约收购价格为 5.68 元/ 股。本次要约收购期限共计 30 个自然日，要约起始日期为 2025 年 6 月 10 日， 要约截止日期为 2025 年 7 月 9 日。 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-058 亚振家居股份有限公司 关于吴涛先生要约收购公司股份交割完成的公告 2025 年 7 月 22 日 截至 2025 年 7 月 9 日，本次要约收购期限届满。根据中国证券登记结算有 限责任公司上海分公司（以下简称"中登上海分公司"）提供的数据统计，在本 次要约收购期限内，预受要约的股东账户总数为 8 户，预受要约股份总数共计 53,773,813 ...

Group 1 - The core point of the article is the significant increase in the stock price of *ST Yazhen, which has risen over 410% since the announcement of a change in control in April, with the stock closing at 22.70 yuan on July 21, 2023, marking a 5.00% increase on that day [1][2] - The stock price surge is closely related to the change in the company's controlling shareholder and actual controller, with Wu Tao acquiring 30% of the shares from Shanghai Yazhen Investment Co., Ltd. at a price of 5.68 yuan per share, totaling 448 million yuan [1] - Following the share transfer, Wu Tao initiated a partial tender offer for additional shares at the same price, aiming to acquire 21.00% of the total shares [1] Group 2 - As of July 9, 2023, the tender offer period ended with 53.77 million shares accepted, representing 20.47% of the total shares, resulting in Wu Tao holding approximately 118 million shares, or 45% of the total shares [2] - After the completion of the tender offer, Wu Tao and his associate held a combined 50.47% of the company, further solidifying his control over *ST Yazhen [2] - Despite the stock price increase, the company's fundamentals are concerning, with projected revenue of 202 million yuan for 2024 and a net loss of 117 million yuan, leading to a delisting risk warning since May 6, 2023 [2] Group 3 - The phenomenon of stock price speculation among risk warning stocks, including *ST Yazhen, is noted, with several stocks experiencing over 100% increases this year, driven by market speculation despite poor performance [3] - Analysts suggest that changes in controlling shareholders often lead to expectations of business transformation or asset restructuring, contributing to the speculative interest in such stocks [3] - The small market capitalization of these stocks makes them susceptible to manipulation and speculation, which can lead to significant risks for investors who follow market trends blindly [3]

*ST亚振（603389）将于7月21日复牌。 7月19日，*ST亚振（603389）发布《关于股票交易停牌核查结果暨复牌的公告》，公司股票将于7月21日（周一）复 牌。 值得注意的是，这已经是6月以来，*ST亚振第3次停牌核查。此前，公司曾在6月12日—6月16日、6月27日—7月3日停 牌核查，均因公司股票短期涨幅与同期上证指数、家具制造业存在严重偏离。 此外，公司此前还表示，吴涛拟向上市公司全体股东发出部分要约，要约收购21%公司股份。根据公司公告，本次要 约收购期限内，预受要约的股东账户为8户，预受要约股份总数共计为5377.3813万股，占公司总股本的20.47%。本次 要约收购完成之后，吴涛共计持有公司约1.18亿股股份，占公司总股本的45.00%，吴涛及其一致行动人范伟浩合计持 有公司1.33亿股股份，占公司总股本的50.47%；亚振投资共计持有公司2627.52万股股份，占公司总股本的10.00%。 公开资料显示，吴涛有"山东矿业大佬"之称，现任济南域潇集团（下称"域潇集团"）执行董事、总经理，持有域潇集 团80%的股份，为域潇集团实控人。吴涛还任上海域潇稀土股份有限公司（下称"上海域潇"）董 ...

Core Viewpoint - *ST Yazhen (603389) is set to resume trading on July 21 after multiple suspensions due to significant stock price fluctuations compared to the Shanghai Composite Index and the furniture manufacturing industry [1][3]. Group 1: Stock Performance - Since hitting a low of 4.45 yuan per share on April 8, the company's stock has surged over 380% [1]. - From May 6 to July 18, the stock was traded on 41 out of 52 trading days, with 34 days seeing price increases, including 28 days of hitting the daily limit, and a maximum consecutive limit-up streak of 10 days [1][3]. - Following the last trading suspension, the stock experienced two consecutive limit-up days, and after a limit-down on July 8, it achieved four consecutive limit-up days [3]. Group 2: Control Change and Shareholding - The recent stock surge is attributed to a planned change in control, with the original controlling shareholder, Shanghai Yazhen Investment Co., transferring approximately 29.99996% of shares to Wu Tao and his associate Fan Weihao [3]. - Wu Tao intends to launch a partial tender offer to acquire 21% of the company's shares, with 8 shareholders accepting the offer for a total of 53.77 million shares, representing 20.47% of the total share capital [3]. - Post-tender offer, Wu Tao will hold approximately 118 million shares, accounting for 45.00% of the total, while he and Fan Weihao together will hold 50.47% [3]. Group 3: Financial Performance and Risks - The company is projected to report a net loss of between 39.5 million yuan and 33 million yuan for the first half of 2025, with a net loss of 116.96 million yuan for the fiscal year 2024 [6]. - The latest rolling P/E ratio for the furniture manufacturing industry is 16.45, while the company’s P/E ratio is negative, and its P/B ratio is 24.34, significantly higher than industry standards [6]. - Due to the negative net profit for 2024 and revenue concerns, the company will face a delisting risk warning starting May 6, 2025, with its stock name changing to *ST Yazhen [6].

Group 1 - The core point of the article is that *ST Yazhen's stock will resume trading on July 21, 2025, after a significant price deviation and a completed investigation into its trading activities [1][2]. - The stock price of *ST Yazhen increased by a cumulative 15.87% from July 11 to July 15, 2025, which was significantly higher than the Shanghai Composite Index and the furniture manufacturing industry during the same period [1]. - Since June, *ST Yazhen has undergone three trading suspensions for investigation, with a total price increase of 82.91%, attributed to changes in the controlling shareholder and subsequent takeover offers [4]. Group 2 - The company expects to report a net loss attributable to shareholders of between 33 million and 39.5 million yuan for the first half of 2025, with a non-recurring net profit loss estimated between 32 million and 38 million yuan [5]. - The decline in performance is primarily due to a lack of significant growth in sales revenue, a noticeable decrease in gross profit margin, and relatively high expense ratios for sales and management compared to revenue [5].

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets announced significant updates, including stock issuance terminations, share transfers, acquisitions, and financial performance reports, which may present investment opportunities and risks for investors [2]. Major Events - Jinbo Co., Ltd. announced the termination of its plan to issue A-shares to specific investors for the year 2025 [3]. - Cross-Border Communication's largest shareholder successfully auctioned 8 million shares for 36.09 million yuan, with no change in control [4]. - Shanghai Shimao Development's subsidiary plans to sell part of its Quanzhou project for 2.053 billion yuan, expecting a net profit of approximately 163 million yuan [6]. - Prit Group's subsidiary introduced a strategic investor, Guangzhou Guoyan No. 1, through a capital increase [7]. - Caesar Travel's subsidiary intends to acquire 51% of Guotour Fujian for 16.83 million yuan [8]. - Dongfang Fortune's shareholder plans to transfer 159 million shares, representing 1% of the total share capital [9]. - Changhong High-Tech plans to acquire 100% of Guangxi Changke's equity, with shares resuming trading on July 21 [10]. - Weifu High-Tech intends to convert its B-shares to be listed on the Hong Kong Stock Exchange [11][12]. - ST Yazhen's stock will resume trading on July 21 after completing a verification process [13]. - ChipLink Integration plans to acquire 72.33% of ChipLink Yuezhou for 5.897 billion yuan [14]. - Notai Bio will be subject to risk warnings, changing its A-share abbreviation to ST Notai due to previous financial misreporting [15]. - Delisted Jinguang's stock will cease trading on July 25 [16]. - Bohui Co. plans to purchase servers and related assets for intelligent computing services, with a total expenditure not exceeding 390 million yuan [17]. Financial Performance - CICC's subsidiary reported a net profit of 987 million yuan for the first half of the year [21]. - Great Wall Motors reported a net profit of 6.337 billion yuan, a decrease of 10.22% year-on-year [22]. - Shuangjie Electric expects a net profit of 100 million to 120 million yuan, an increase of 16.03% to 39.23% year-on-year [23]. - Shentong Technology reported a net profit of 64.278 million yuan, a year-on-year increase of 111.09% [24]. - Sanhuan Group anticipates a net profit of 1.128 billion to 1.333 billion yuan, a growth of 10% to 30% year-on-year [25][26]. - Nanjing Gaoke's contract sales reached 820 million yuan, a year-on-year increase of 824.68% [27]. - Kaierda expects a net profit of 1.97 million to 2.56 million yuan, a decrease of 89.11% to 91.62% year-on-year [28]. Major Contracts - Senyuan Electric signed a strategic cooperation agreement with Xuchang Digital Technology for a business collaboration worth up to 500 million yuan [29]. - Oke Technology signed a 176 million yuan equipment sales contract, accounting for 40.51% of its last year's revenue [30]. - Rike Chemical signed a strategic cooperation framework agreement with Dongming Petrochemical for various technical collaborations [31]. Shareholding Changes - Hongbaoli's major shareholder plans to reduce its stake by up to 2% [33]. - Yaopi Glass's shareholder plans to reduce its stake by up to 2% [34]. - Dingsheng New Materials' shareholders plan to reduce their stake by up to 3% [35]. - Huiyun Titanium's controlling shareholder plans to reduce its stake by up to 3% [36]. - MediX's shareholder plans to reduce its stake by up to 1.49% [37]. - Aopu Optoelectronics' controlling shareholder plans to reduce its stake by up to 1% [38]. - Huada Jiutian's major shareholders plan to reduce their stakes by up to 1.5% [39][40]. Financing Activities - Zhengyu Industrial plans to raise up to 450 million yuan through a private placement [41]. - Dongwu Securities plans to raise up to 6 billion yuan through a private placement, with specific subscriptions from major investors [42]. - Weiguang Bio plans to raise up to 1.5 billion yuan for its smart industrial base project [43].

因重大事项,亚振家居股份有限公司（以下简称"公司"）的相关证券复牌情 况如下： 关于股票交易停牌核查结果暨复牌的公告 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。 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-057 重要内容提示： 亚振家居股份有限公司 证券停复牌情况：适用 | 证券代码 | 证券简称 | | 停复牌类型 | | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 603389 | *ST | 亚振 | 股 A | 复牌 | | | 2025/7/18 | 2025/7/21 | 公司股票于2025年7月11日至7月15日收盘价格涨幅偏离值累计达到15.87%。 公司股票短期涨幅与同期上证指数、家具制造业存在严重偏离。为维护投资者利 益，公司就股票交易情况进行了核查。公司郑重提醒广大投资者，公司股价可能 存在短期涨幅较大后下跌的风险，请投资者务必充分了解二级市场交 ...

Group 1 - The company *ST Yazhen (603389)* announced that its stock will resume trading on July 21, 2025, after a temporary suspension [1] - The stock experienced a cumulative price deviation of 15.87% from July 11 to July 15, 2025, indicating significant divergence from the Shanghai Composite Index and the furniture manufacturing industry during the same period [1] - Following an application for stock trading situation verification, the company’s stock was suspended from trading starting July 16, 2025, with the suspension not exceeding three trading days [1]

Group 1 - The Shanghai Stock Exchange has taken written warning measures against 158 cases of abnormal trading behaviors such as price manipulation and false declarations [1] - The exchange is closely monitoring stocks at risk of delisting and those with abnormal fluctuations, including *ST Yazhen (603389) [1] - There have been special investigations into 9 major events of listed companies, and one case of suspected illegal activities has been reported to the China Securities Regulatory Commission [1]

Core Viewpoint - The article emphasizes the importance of suspension and review in the stock market as a measure to curb excessive speculation, highlighting that investors often misinterpret these suspensions as opportunities for profit, which can lead to irrational market behavior [1][2]. Group 1: Importance of Suspension and Review - Suspension and review serve as a critical regulatory tool to provide a cooling-off period for the market, allowing for thorough investigations into abnormal trading behaviors and information disclosure violations [1][2]. - The phenomenon of *ST Yazhen* illustrates the volatility associated with stocks undergoing multiple suspensions, attracting speculative investments that overlook underlying risks [1][2]. Group 2: Investor Education and Risk Awareness - There is a pressing need for enhanced risk education among investors, as many fail to recognize the implications of suspension and review, often viewing them as positive signals rather than cautionary measures [2][3]. - Regulatory bodies should refine their measures to not only intervene directly through suspensions but also to educate investors on market risks and the importance of rational investment strategies [2][3]. Group 3: Rational Investment Strategies - Investors are encouraged to develop a strong self-protection awareness and to avoid speculative behaviors, which are crucial for achieving long-term stable value investments [2][3]. - Establishing a diversified investment portfolio is recommended as a strategy to mitigate risks and safeguard assets [2].