志邦家居股份有限公司 募集资金管理制度 （2025 年 8 月） 第一章 总 则 第一条 为规范志邦家居股份有限公司（以下简称"公司"或"本公司"） 募集资金的使用与管理，提高募集资金的使用效率，防范资金使用风险，确保资 金使用安全，保护投资者的利益，根据《中华人民共和国公司法》《中华人民共 和国证券法》《首次公开发行股票注册管理办法》《上市公司证券发行注册管理办 法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号—规范运作》等法律法规法规、规范性文件，以及《公司章程》的要求，结 合公司实际情况，制定本制度。 第二条 本制度所称募集资金系指公司通过公开发行证券（包括首次公开发 行股票、配股、增发、发行可转换公司债券、发行分离交易的可转换公司债券等） 以及非公开发行证券向投资者募集的资金，但不包括公司实施股权激励计划募集 的资金。 第三条 公司董事会应当负责建立健全公司募集资金管理制度，并确保该制 度的有效实施。募集资金管理制度应当对募集资金专户存储、使用、变更、监督 和责任追究等内容进行明确规定。募集资金投资项目（以下简称"募投项目"） 通过公司的子公司或公司控制的其他企业实施的 ...

Core Viewpoint - The announcement details the issuance and conversion terms of the "Zhibang Convertible Bonds," which are set to begin conversion on September 24, 2025, allowing bondholders to convert their bonds into shares of Zhibang Home Furnishing Co., Ltd. at a price of 11.52 CNY per share [2][4][5]. Group 1: Convertible Bond Issuance - The company has issued 6,700,000 convertible bonds with a total fundraising amount of 670 million CNY, with a maturity period of 6 years [2][6]. - The bonds will be listed on the Shanghai Stock Exchange starting from April 8, 2025, under the name "Zhibang Convertible Bonds" and code "113693" [2][3]. Group 2: Conversion Terms - The conversion period for the bonds is from September 24, 2025, to March 17, 2031 [5][8]. - The initial conversion price was set at 12.12 CNY per share, which has been adjusted to 11.52 CNY per share following a cash dividend distribution [10][11]. Group 3: Interest Rates and Payment - The bonds have a tiered interest rate structure: 0.3% for the first year, increasing to 2.0% by the sixth year [3][6]. - Interest payments will be made annually, starting from March 18, 2025 [8][12]. Group 4: Conversion Process - Bondholders can convert their bonds into shares through the Shanghai Stock Exchange trading system, with specific procedures outlined for the conversion process [7][8]. - The conversion will be effective on the next trading day after the conversion application is confirmed [8][12]. Group 5: Adjustments to Conversion Price - The conversion price may be adjusted in the event of stock dividends, capital increases, or cash dividends, following specific formulas outlined in the bond issuance documentation [12][13]. - If the stock price falls below 80% of the conversion price for a specified period, the company may propose a downward adjustment to the conversion price, subject to shareholder approval [14][16].

Core Viewpoint - Zhigang Home announced the issuance of "Zhigang Convertible Bonds," which can be converted into company shares starting from September 24, 2025, at a conversion price of 11.52 yuan per share [2] Group 1 - The company has released an announcement regarding the issuance of convertible bonds [2] - The bonds are set to be convertible into shares after a specified date, indicating a strategic move to raise capital [2] - The conversion price is set at 11.52 yuan per share, which provides a clear valuation for potential investors [2]

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号：2025-072 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 关于"志邦转债"开始转股的公告 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个别及连带责任。 重要内容提示： 一、可转债发行上市概况 经中国证券监督管理委员会《关于同意志邦家居股份有限公司向不特定对象 发行可转换公司债券注册的批复》（证监许可〔2025〕233 号）同意注册，并经 上海证券交易所同意，志邦家居股份有限公司（以下简称"公司"）向不特定对 象发行可转换公司债券 6,700,000 张，每张面值为人民币 100 元，募集资金总额 为人民币 670,000,000.00 元，期限 6 年。 经上海证券交易所同意，公司本次可转换公司债券于 2025 年 4 月 8 日起在 上海证券交易所上市交易，债券简称"志邦转债"，债券代码"113693"。 （六）当前转股价格：11.52 元/股。 三、转股申报的有关事项 根据有关规定 ...

志邦家居法律意见书 安徽天禾律师事务所 关于 志邦家居股份有限公司 2025 年第二次临时股东会 之 法律意见书 安徽天禾律师事务所 ANHUI TIANHE LAW OFFICE 志邦家居法律意见书 安徽天禾律师事务所 关于志邦家居股份有限公司 2025 年第二次临时股东会 之法律意见书 天律意 2025 第 02484 号 地址：安徽省合肥市濉溪路 278 号财富广场 B 座东楼 15-16 层 电话：（0551）62642792 传真：（0551）62620450 网址：http://www.tianhelaw.cn 致：志邦家居股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》等有关 法律、法规及规范性文件以及《志邦家居股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，安徽天禾律师事务所（以下简称"本所"）接受志邦 家居股份有限公司（以下简称"志邦家居"或"公司"）的委托，指派梁爽律师、 陈晓薇律师（以下简称"本所律师"）出席见证于 2025 年 9 月 17 日召开的志邦 家居 2025 年第二 ...

证券代码：603801 证券简称：志邦家居 公告编号：2025-073 债券代码：113693 债券简称：志邦转债 志邦家居股份有限公司 2025年第二次临时股东会决议公告 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 本次股东会由公司董事会召集，公司董事长孙志勇先生主持。本次会议以现 场投票和网络投票相结合的方式对本次股东会通知中列明的事项进行了投票表 决。本次股东会的表决方式、表决程序及表决结果符合《公司法》《公司章程》 等法律、法规及规范性文件的规定。 (五)公司董事和董事会秘书的出席情况 (一)股东会召开的时间：2025 年 9 月 17 日 (二)股东会召开的地点：安徽省合肥市庐阳工业园连水路 19 号行政楼 101 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 | 453 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 226,803, ...

Core Viewpoint - Zhibang Home Furnishing Co., Ltd. announced the details of its convertible bond "Zhibang Convertible Bond" (code: 113693), which can be converted into shares at a price of 11.52 CNY per share during the specified period [1] Summary by Relevant Sections - **Convertible Bond Details** - The bond will be available for conversion from September 24, 2025, to March 17, 2031 [1] - The bond was listed on April 8, 2025, with a total issuance size of 670 million CNY and a maturity period of 6 years [1] - **Conversion Price Adjustments** - The initial conversion price was set at 12.12 CNY per share, which has been adjusted to 11.52 CNY per share due to a cash dividend distribution in June 2025 [1] - **Trading and Conversion Process** - Holders can declare conversion during normal trading hours on the Shanghai Stock Exchange, with the declaration direction being a sell at a price of 100 CNY [1]

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 12.53 CNY per share [2][8]. Core Insights - The company reported a decline in domestic sales, while overseas growth presents new opportunities. In the first half of 2025, the company achieved revenue of 1.899 billion CNY, a year-on-year decrease of 14.1%, and a net profit attributable to shareholders of 138 million CNY, down 7.2% [2][8]. - The company is adapting to industry trends by deepening retail channel reforms and reducing high-risk bulk business, while overseas operations are showing significant growth [8]. Financial Performance Summary - **Revenue and Profitability**: The company’s total revenue for 2025 is projected at 4.947 billion CNY, with a year-on-year decline of 5.9%. The net profit attributable to shareholders is expected to be 363 million CNY, down 5.8% [4][9]. - **Earnings Per Share (EPS)**: The EPS for 2025 is estimated at 0.84 CNY, with a projected price-to-earnings (P/E) ratio of 12 [4][9]. - **Gross Margin**: The gross margin for the first half of 2025 is reported at 36.0%, a slight decrease of 0.7 percentage points year-on-year [8]. - **Market Segmentation**: Domestic revenue decreased by 18% to 1.752 billion CNY, while overseas revenue increased by 71% to 148 million CNY [8]. Strategic Developments - The company is focusing on integrating home furnishing solutions and enhancing retail channels, which is expected to yield positive results over time [8]. - The company has successfully reduced the proportion of high-risk bulk business, with its revenue share dropping to 17% in the first half of 2025 [8].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In H1 2025, the company achieved revenue of 1.899 billion yuan, net profit attributable to shareholders of 138 million yuan, and net profit excluding non-recurring items of 87 million yuan, representing year-on-year declines of 14%, 7%, and 31% respectively [2][6] - The revenue in Q2 2025 was 1.082 billion yuan, with a net profit of 96 million yuan and a net profit excluding non-recurring items of 51 million yuan, showing year-on-year declines of 22%, 5%, and 41% respectively [2][6] - The revenue decline in H1 was significantly impacted by large-scale business disruptions, while the integrated business contributed positively [2][6] - The company is focusing on cost control and organizational optimization to support growth in southern markets and is committed to executing its overseas strategy [2][6] Revenue Summary - H1 revenue was affected by large-scale business disruptions, with retail, large-scale, and export revenues declining by 4%, 47%, and increasing by 71% year-on-year respectively [2][6] - In terms of product categories, revenue from cabinets, wardrobes, wooden doors, and others declined by 26%, 3%, 5%, and 23% year-on-year respectively, with wardrobes and wooden doors showing relative resilience [2][6] Profitability Summary - H1 operating profit faced temporary pressure, with a year-on-year decline in gross margin of 0.7 percentage points [2][6] - The gross margin for retail, large-scale, and export channels changed by -2.0, -0.3, and +3.4 percentage points respectively [2][6] - The net profit margin attributable to shareholders improved by 0.5 percentage points year-on-year, primarily due to an investment income of approximately 44.31 million yuan [2][6] Store Optimization - During H1 2025, the net change in the number of stores for cabinets, wardrobes, and wooden doors was -137, -186, and +9 respectively, focusing on enhancing the resilience of existing stores and optimizing the store structure [2][6] Operational Outlook - The company aims to explore potential and control costs, with a focus on enhancing the integrated business model and expanding into southern markets and overseas [2][6] - The company expects to continue its growth trend in H2 2025, driven by resource allocation and organizational policies [2][6] - The company anticipates significant growth potential in domestic sales, customized home furnishings, and supporting product revenue [2][6]

（证券代码：603801） 会议资料 2025 年 9 月 志邦家居股份有限公司 2025 年第二次临时股东会会议资料 志邦家居股份有限公司 2025 年第二次临时股东会 志邦家居股份有限公司 2025 年第二次临时股东会会议资料 目 录 | 2025 | 年第二次临时股东会会议须知 | 3 | | --- | --- | --- | | 2025 | 年第二次临时股东会会议议程 | 4 | | 2025 | 年第二次临时股东会审议议案 | 5 | | 议案 | | 1：关于变更注册资本、经营期限及修订《公司章程》并办理工商变更登记的议案 .5 | | 议案 | 2：关于修订公司部分治理制度的议案 | 8 | 2 志邦家居股份有限公司 2025 年第二次临时股东会会议资料 2025 年第二次临时股东会会议须知 为维护投资者的合法权益，保障股东或股东代表（以下统称"股东"）在公司 2025 年第 二次临时股东会期间依法行使权利，确保股东会的正常秩序和议事效率，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《志邦 家居股份有限公司章程》《志邦家居股份有限公司股东会议事 ...