瑞财经 刘治颖 良品铺子向武汉国资出售控制权的协议已终止。 将时间拨回2025年7月17日，长江国贸与良品铺子控股股东宁波汉意及其合伙人杨红春、杨银芬、张国强、潘继红，以及宁波汉意一致行动人良品投资及其 股东杨红春、杨银芬、张国强签订了《关于良品铺子股份有限公司之附生效条件的股份转让协议》。 宁波汉意拟向长江国贸协议转让其持有的上市公司 7223.99万股股份，占上市公司股份总数的 18.01%；良品投资拟向长江国贸协议转让其持有的上市公司 1197.01万股股份，占上市公司股份总数的2.99%。 若本次交易顺利完成，良品铺子的控股股东将由宁波汉意变更为长江国贸，实际控制人将由杨红春、杨银芬、张国强、潘继红变更为武汉市人民政府国有资 产监督管理委员会。 值得注意的是，最新公告还做了风险提示，广州轻工工贸集团有限公司前期就股权转让纠纷对宁波汉意提起诉讼，并申请了财产保全，冻结宁波汉意所持上 市公司7976.4万股股份。 公开资料显示，良品铺子主要从事休闲食品的研发、采购、销售、物流配送和运营业务。 10月16日，良品铺子(SH603719)公告，近日，公司收到控股股东宁波汉意及其一致行动人良品投资函告：截至《股 ...

Core Viewpoint - Guangzhou Light Industry and Trade Group Co., Ltd. has been actively engaging in acquisitions in the capital market from May to October this year, demonstrating an optimized acquisition strategy that enhances self-protection [1][3]. Group 1: Acquisition Attempts - In May, Guangzhou Light Industry signed an agreement to acquire 19.89% of the shares of Good Products from Ningbo Hanyi at a price of 12.42 yuan per share, totaling approximately 996 million yuan [1]. - The planned signing of the formal agreement on May 28 was disrupted when the actual controller of Ningbo Hanyi failed to attend, leading to a lawsuit by Guangzhou Light Industry for breach of contract [1][2]. - On July 17, Ningbo Hanyi signed a share transfer agreement with Wuhan Yangtze International Trade Group to sell 21% of shares at the same price, leading to a control dispute between Guangzhou Light Industry and Wuhan Yangtze [2]. Group 2: Legal and Financial Strategies - Guangzhou Light Industry initiated legal action to freeze the shares held by Ningbo Hanyi, claiming 9.96 billion yuan in damages and seeking a 5 million yuan penalty for breach of contract [1][2]. - The lack of binding constraints in the initial agreement limited Guangzhou Light Industry's ability to enforce compliance, highlighting weaknesses in the contract design [2]. Group 3: Optimized Acquisition Strategy - In August, during the acquisition of Taimushi, Guangzhou Light Industry structured the payment in three phases, linking payment schedules to the progress of the transaction, thereby compelling cooperation from the original shareholders [3]. - The agreement included penalties for the original shareholders in case of default, such as a 20% penalty on the transfer price and restrictions on competitive business activities for key stakeholders [3]. - For the acquisition of Cangzhou Mingzhu, the intention agreement emphasized obtaining consent from the pledgee before lifting the pledge, indicating a strategy to mitigate debt risks associated with the target [3].

Core Viewpoint - The proposed change of control for the snack food leader, Liangpinpuzi, has officially failed, highlighting the strategic dilemmas faced by the company and its major shareholder, Ningbo Hanyi [2][3] Group 1: Control Change Attempt - The share transfer agreement between Ningbo Hanyi and Wuhan Yangtze International Trade Group was terminated due to unmet conditions, marking the end of a deal that was expected to aid in the company's transformation [2][3] - The initial plan involved transferring 21% of shares from Ningbo Hanyi and 8.99% from the second-largest shareholder, Dayong Company, which would have made Wuhan Yangtze the controlling shareholder [3][4] - The control change discussions began in July 2023, with hopes of enhancing supply chain collaboration and transitioning from "quality snacks" to "quality food" [3][4] Group 2: Underlying Issues - The failed transaction reflects deeper strategic issues within the company, particularly the lack of clarity on how to resolve its challenges and who to partner with [2][3] - A previous agreement with Guangzhou Light Industry Group for share transfer was not finalized, leading to legal disputes that complicated the current negotiations [4][5] Group 3: Financial Performance - Liangpinpuzi's financial struggles have intensified, with revenue dropping from over 9 billion yuan in 2021 to 8.046 billion yuan in 2023, a decrease of 14.76%, and a net profit decline of 46.26% [6] - The company reported its first annual loss post-IPO in 2024, with revenue falling by 11.02% to 7.159 billion yuan and a net loss of 46.1 million yuan [6] - In the first half of 2025, revenue further plummeted by 27.21% to 2.829 billion yuan, with losses reaching 93.55 million yuan, nearly double the previous year's total loss [6] Group 4: Market Dynamics - The challenges faced by Liangpinpuzi are indicative of a broader restructuring in the Chinese snack food industry, where low-cost brands are rapidly gaining market share [6][7] - The competitive landscape has shifted from price wars to supply chain battles, with new brands focusing on upstream supply chain control, making it increasingly difficult for traditional brands like Liangpinpuzi to compete [7] - Analysts suggest that while the termination of the deal with Wuhan state-owned assets may not have a significant immediate impact on operations, the company must innovate and improve product quality to ensure sustainable growth [7][8]

Core Points - The agreement between Changjiang Guomao and Dayong Limited regarding the share transfer has been terminated, with no change in company control [2] - The controlling shareholder remains Ningbo Hanyi, with actual controllers being Yang Hongchun, Yang Yinfeng, Zhang Guoqiang, and Pan Jihong [2] - The termination of the agreement will not adversely affect the company's governance structure or ongoing operations [2] Summary of Relevant Sections - **Share Transfer Agreement**: Dayong Limited had planned to transfer approximately 36.05 million shares, representing 8.99% of the total shares, to Changjiang Guomao at a price of 12.34 yuan per share [2] - **Extension of Deadline**: The original agreement's deadline was extended by 30 days, making the new deadline October 15, 2025 [2]

根据此前公告，达永有限与长江国贸于 2025 年 7 月 17 日签订了《关于良品铺子股份有限公司之附生效 条件的股份转让协议》 （以下简称"原协议" ） ，达永有限拟以 12.34 元/股的价格向长江国贸协议转让 其持有的上市公司约3604.99万股股份,占上市公司股份总数的 8.99%。双方经协商后一致同意，将原协 议中的最终截止日延长 30 个自然日， 即变更原协议最终截止日为该协议签署日后第 90 个自然日（即 延长后的最终截止日为 2025 年 10 月 15 日）。 北京商报讯（记者 张天元）10月17日，良品铺子发布公告称，长江国贸与良品铺子持股5%以上股东达 永有限签订的《股份转让协议》及其《补充协议》约定的最终截止日已到期并终止。此次终止不会导致 公司控制权变更，控股股东仍为宁波汉意，实际控制人为杨红春、杨银芬、张国强和潘继红。此次终止 协议转让不会对公司治理结构及持续经营造成不利影响。 ...

证券代码：603719 证券简称：良品铺子 公告编号：2025-042 良品铺子股份有限公司 关于持股 5%以上股东终止协议转让的公告 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。 后续，鉴于《股份转让协议》约定的最终截止日到期，长江国贸与达永有限 签订了《关于良品铺子股份有限公司之附生效条件的股份转让协议之补充协议》 （以下简称"《补充协议》"），双方经协商后一致同意，将《股份转让协议》中的 最终截止日延长 30 个自然日，即变更《股份转让协议》最终截止日为该协议签 署日后第 90 个自然日（即延长后的最终截止日为 2025 年 10 月 15 日）。具体情 况详见公司于 2025 年 9 月 18 日在指定信息披露媒体上披露的《良品铺子关于持 股 5%以上股东协议转让公司股份进展暨签署补充协议的公告》（公告编号： 2025-039）。 二、本次终止协议转让的情况 近日，公司收到持股 5%以上股东达永有限函告：长江国贸与达永有限签订 的《股份转让协议》及其《补充协议》约定的最终截止日业已于 2025 年 10 月 ...

Core Viewpoint - The transfer of shares from the controlling shareholder of Liangpinpuzi to Wuhan Wanggu Innovation Investment Co., Ltd. has been terminated due to unmet conditions in the share transfer agreement [1] Group 1 - The controlling shareholder, Ningbo Hanyi Venture Capital Partnership (Limited Partnership), originally intended to transfer 20.451 million shares, representing 5.1% of the total shares of the company [1]

Core Viewpoint - The share transfer agreement between Changjiang International Trade Group and Dayong Limited regarding the transfer of 36.0499 million shares of Liangpinpuzi has been terminated as of October 15, 2025 [1] Group 1 - Changjiang International Trade Group signed a share transfer agreement with Dayong Limited to acquire 8.99% of Liangpinpuzi's total shares [1] - The final deadline for the share transfer agreement and its supplementary agreement has expired, leading to the termination of the agreement [1]

证券代码：603719 证券简称：良品铺子 公告编号：2025-043 良品铺子股份有限公司 关于控股股东终止协议转让公司股份的公告 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。 一、本次协议转让基本情况 良品铺子股份有限公司（以下简称"公司"或"上市公司"）控股股东宁波 汉意创业投资合伙企业（有限合伙）（以下简称"宁波汉意"）与武汉网谷创新投 资有限公司（以下简称"网谷创投"）于 2025 年 7 月 17 日签订了《关于良品铺 子股份有限公司之附生效条件的股份转让协议》（以下简称"《股份转让协议》"）： 宁波汉意拟向网谷创投协议转让其持有的上市公司 20,451,000 股股份,占上市 公司股份总数的 5.10%。具体内容详见公司于 2025 年 7 月 19 日在上海证券交易 所网站披露的《良品铺子股份有限公司简式权益变动报告书》和《良品铺子股份 有限公司关于控股股东协议转让公司股份暨权益变动的提示性公告》（公告编号： 2025-033）。 二、本次终止协议转让的情况 近日，公司收到控股股东宁波汉意函告：截至 ...

Core Viewpoint - The agreement between Changjiang Guomao and the major shareholder Dayong Limited regarding the share transfer has been terminated, which will not lead to a change in the company's control [1] Group 1 - The final deadline for the share transfer agreement and its supplementary agreement has expired and been terminated [1] - The termination of the agreement will not affect the company's governance structure or ongoing operations [1] - The controlling shareholder remains Ningbo Hanyi, with actual controllers being Yang Hongchun, Yang Yinfeng, Zhang Guoqiang, and Pan Jihong [1]