Core Viewpoint - The company is experiencing unusual stock price fluctuations and is in the process of acquiring a 51% stake in Guangxi Zirconium Industry, which involves several approval processes that carry uncertainty [1][2][3] Stock Trading Abnormalities - The company's stock price has deviated by a cumulative increase of 12% over three consecutive trading days, indicating abnormal trading activity [1][2] - The stock's deviation from the market index is noted to be 17.12% [4] Acquisition Details - The company plans to acquire a 51% stake in Guangxi Zirconium Industry from Hainan Zirconium Titanium Resources Holding Group for a transaction price of 55.448985 million [2][3] - The acquisition is subject to multiple approval processes, including the release of asset pledges and shareholder meeting approvals, which introduces uncertainty regarding the timing and success of the transaction [1][3] Financial Performance - The company anticipates a net loss attributable to shareholders ranging from -39.5 million to -33 million for the first half of 2025, with a net profit excluding non-recurring items expected to be between -38 million and -32 million [1][4] - The company confirms that its production and operational activities are currently normal, with no significant changes in the market environment or internal operations [2][4] Risk Factors - The company emphasizes the importance of investor awareness regarding the risks associated with stock trading and the uncertainties surrounding the acquisition process [1][3][4] - There are no undisclosed significant matters or risks identified by the company or its controlling shareholders that could affect stock price fluctuations [2][3]

Group 1 - The company held its seventh meeting of the fifth supervisory board, which was chaired by Mr. Wu Dejun, and all three supervisors attended the meeting, with one participating via remote voting [1] - The supervisory board unanimously approved a resolution regarding the cash acquisition of 51% equity in Guangxi Zirconium Technology Co., Ltd., which will be submitted to the company's first extraordinary general meeting of shareholders in 2025 for review [2] - The supervisory board also approved a resolution for the company to provide guarantees for Guangxi Zirconium Technology Co., Ltd., which will similarly be submitted to the first extraordinary general meeting of shareholders in 2025 for review [2]

Meeting Overview - The company will hold a shareholder meeting on August 18, 2025, at 14:00 in Jiangsu Province, Nantong City [5] - The meeting will utilize the Shanghai Stock Exchange's online voting system for shareholder participation [5][6] - Shareholders can vote through both on-site and online methods [5] Voting Procedures - Voting will be conducted via the Shanghai Stock Exchange's online voting system, with specific time slots for participation [5][6] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [6] - The first voting result will be considered valid in case of multiple votes for the same resolution [6] Shareholder Rights - Only shareholders registered by the close of trading on August 12, 2025, are eligible to attend the meeting [6] - Shareholders can appoint proxies to attend and vote on their behalf [6][8] Agenda Items - The meeting will review non-cumulative voting proposals, including a cash acquisition of 51% equity in Guangxi Zirconium Technology Co., Ltd. [9] - The proposals have been approved by the company's board and supervisory committee [4] Registration Details - Registration for the meeting must be completed by August 15, 2025, with specific documentation required [6][8] - The registration will take place at the company's secretariat office [8]

Group 1 - The company plans to acquire 51% equity of Guangxi Zirconium Industry Technology Co., Ltd. for a transaction price of 55.448985 million yuan, which represents a 3.44% premium over the asset's book value [1][2][12] - The acquisition is part of the company's strategy to diversify its business into the zirconium and titanium ore mining sector, which is expected to improve operational performance and profitability [3][24] - The transaction requires approval from the shareholders' meeting and is not classified as a major asset restructuring under relevant regulations [1][4] Group 2 - Guangxi Zirconium Industry primarily engages in zirconium and titanium ore mining, with an annual production capacity of 600,000 tons [8][9] - The company reported a total revenue of 127.315 million yuan for the first five months of 2025, with significant contributions from titanium concentrate and zircon sand [9][10] - The industry is characterized by a reliance on imports for high-grade titanium ore, with China importing 504.90 million tons of titanium ore in 2024, reflecting an 18.75% year-on-year increase [9][10] Group 3 - The transaction includes performance guarantees, with the seller committing to a cumulative net profit of no less than 65 million yuan for the years 2025 to 2027 [2][21] - The company will face challenges in integrating the operations and management of the acquired business due to differences in business types and corporate culture [2][24] - The acquisition is expected to mitigate risks associated with the company's core furniture business, which is currently under pressure from market conditions [3][24]

Summary of Key Points Core Viewpoint - The company plans to provide a guarantee of RMB 59.4 million for Guangxi Zirconium Industry Technology Co., Ltd. as part of its acquisition of a 51% stake in the company, which is aimed at supporting its operational funding needs and ensuring the stability of the acquisition process [1][3][6]. Group 1: Guarantee Details - The guarantee amount is RMB 59.4 million, which includes a fixed asset loan of RMB 23 million and a comprehensive credit of RMB 36.4 million [3][4]. - The guarantee is contingent upon the completion of the acquisition of 51% control of Guangxi Zirconium [3][6]. - The company has no counter-guarantee for this guarantee, and the other shareholders of Guangxi Zirconium have provided their own guarantees [4][7]. Group 2: Financial and Operational Context - Guangxi Zirconium has total assets of approximately RMB 271.87 million and total liabilities of about RMB 166.77 million, resulting in a net asset value of around RMB 105.11 million [6]. - The company reported a net loss of approximately RMB 25.07 million in the latest financial period [6]. - The guarantee is deemed necessary to support Guangxi Zirconium's daily operations and business development, with the company maintaining a stable operational status and good creditworthiness [6][8]. Group 3: Corporate Governance and Approval - The board of directors approved the guarantee proposal with unanimous consent, indicating strong internal support for the decision [8]. - The company will complete the necessary procedures for the acquisition and guarantee within a specified timeframe following shareholder approval [8][9].

Group 1 - The company *ST Yazhen (603389.SH) announced the acquisition of 51% equity in Guangxi Zirconium Industry Technology Co., Ltd. for a cash price of RMB 55.448985 million, which represents a 3.44% appreciation over the book value of the asset [1][2] - The company primarily engages in the mid-to-high-end furniture business, which has faced growth challenges due to the deep adjustment in the real estate market, fluctuations in raw material prices, and macroeconomic changes [1] - The company is actively seeking new development opportunities to create profit growth points amid significant business growth pressure and industry bottlenecks [1] Group 2 - This acquisition aligns with national strategic industrial development trends and aims to protect shareholder interests while enhancing the company's operational capabilities and quality [2] - Following the completion of this transaction, the company's business will expand into the zircon-titanium mining sector, which is expected to improve operational conditions and profitability, thereby diversifying business risks and achieving a moderate diversification strategy [2]

资产评估业务报告备案回执 | 报告编码: | 3131190002202500227 | | | | --- | --- | --- | --- | | 合同编号: | GL-2025146 | | | | 报告类型: | 法定评估业务资产评估报告 | | | | 报告文号: | 格律沪评报字(2025)第138号 | | | | 报告名称: | 亚振家居股份有限公司拟现金购买资产涉及的广西错业科技有限 公司股东全部权益价值资产评估报告 | | | | 评估结论: | 108,723,505.22元 | | | | 评估报告日: | 2025年08月01日 | | | | 评估机构名称: | 格律(上海)资产评估有限公司 | | | | 答名人员: | 徐家驹 (资产评估师) | | 正式会员 编号:31210045 | | | 顾文浩 | (资产评估师) | 见习会员 编号:31240003 | | | | 徐家驹、顾文浩已实名认可 | | (可扫描二维码查询备案业务信息) 说明:报告备案回执仅证明此报告已在业务报备管理系统进行了备案,不作为 协会对该报告认证、认可的依据,也不作为资产评估机构及其签字资产评 ...

本公司董事会、全体董事及相关股东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： 亚振家居股份有限公司（以下简称"公司"或"上市公司"）拟向海南 锆钛资源控股集团有限公司（以下简称"交易对方"或"海南锆钛"）购买其 持有的广西锆业科技有限公司（以下简称"标的公司"或"广西锆业"）51.00% 的股权（以下简称"标的资产"），标的资产的交易价格为 5,544.8985 万元。 本次交易不构成关联交易，不构成《上市公司重大资产重组管理办法》 所规定的重大资产重组 本次交易尚须获得股东大会的批准，交易实施不存在重大法律障碍 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-064 亚振家居股份有限公司 关于现金收购广西锆业科技有限公司 51%股权的公 告 其他需要提醒投资者重点关注的风险事项： 1、本次交易尚需履行多项审批程序方可实施，包括但不限于完成标的资产 的相关质押解除事项、提交上市公司股东大会审议通过等。本次交易能否取得上 述审批、以及获得相关审批的时间尚存在一定的不确定性。公司将持续关注本次 收购资产事项的后续进 ...

中审亚太会计师事务所(特殊普通合伙) China Audit Asia Pacific Certified Public Accountants LLP 报 · 十十 AUDIT REPORT 广西错业科技有限公司 2025年1-5月、2024年度 财务报表审计 中国·北京 BEIJING CHINA 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查理 报告编码:京253 】 丞 一、审计报告 | 二、已审财务报表 | | | --- | --- | | 1. 资产负债表 | 1-2 | | 2. 利润表 | | | 3. 现金流量表 | | | 4. 所有者(股东)权益变动表 | 5-6 | | 5. 财务报表附注 | 7-46 | China Audit Asia Pacific Certified Public Accountants LLP 审计 报 告 中审亚太审字(2025)008922 号 广西错业科技有限公司全体股东: 一、审计意见 我们审计了广西错业科技有限公司(以下简称贵公司)财务报表,包括 2025 年 5 月 31 日及 2 ...

证券代码：603389 证券简称：*ST 亚振 公告编号：2025-065 亚振家居股份有限公司 关于公司拟为广西锆业科技有限公司提供担保的公 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。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 广西锆业科技有限公司（以下简称 "广西锆业"） | | | | --- | --- | --- | --- | --- | | | 本次担保金额 | 59,400 万元 | | | | 担保对象 | 实际为其提供的担保余额 | 0 | | 元 | | | 是否在前期预计额度内 | ☐是 存在预计额度情形 | ☐否 | ☑不适用：公司前期不 | | | 本次担保是否有反担保 | ☐是 | ☑否 | □不适用：_________ | 根据公司战略发展的需要及顺应国家战略产业发展趋势、保护股东利益、提 升公司持续经营能力和质量。公司拟以人民币 5,544.8985 万元价格现金收购广西 锆 业 51% 股 权 。 具 体 内 容 详 见 公 司 于 同 日 在 上 海 证 券 交 ...