过去几年，祥源系在国内多地大举拿地布局房地产，并以开发商身份，将项目发包给交建股份旗下子公司。截至今年上半年，交建股份与祥源系之间应收类 项目，未结算金额超过9.2亿元。 "祥源系"未结算应收款项超9亿元 每经记者：张宝莲每经编辑：张益铭 12月24日，记者从部分与祥源系、交建股份有地产项目合作的人士处了解到，兑付逾期一事曝光后，他们曾多次向祥源系与交建股份子公司追讨应收款，涉 及工程款、工人薪酬等。 2025年11月底，浙江金融资产交易中心股份有限公司（下称浙金中心）平台交易的部分金融资产收益权产品到期未能兑付的消息断续流出，这些问题产品底 层资产指向祥源控股及其控制企业。 交建股份的一位合作方对记者表示，他已经来了十多次，向交建股份子公司讨要工人工资，共计800多万元。 12月7日晚间，祥源控股旗下三家上市公司祥源文旅（SH600576）、交建股份（SH603815）、海昌海洋公园（HK02255）迅速作出"切割"声明，称相关产品 与公司无关，且并不承担任何兑付及担保义务。 "交建（指交建股份子公司）是施工单位，但祥源是开发商，开发商没钱怎么办呢？能要回来一点是一点。目前是用祥源没卖掉的房产抵债，大约只能 ...

证券代码：603815 证券简称：交建股份 公告编号：2025-077 安徽省交通建设股份有限公司 关于控股股东股份被轮候冻结的公告 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: 安徽省交通建设股份有限公司（以下简称"公司"或"交建股份"） 生 产经营一切正常。公司控股股东祥源控股集团有限责任公司（以下简称"祥源控 股"）关联某平台有关债务风险发生后，各级党委、政府及有关部门高度重视， 及时开展调查处置工作。为稳妥有序处置相关风险，维护投资者合法权益，绍兴 市帮扶祥源控股工作组于 2025 年 12 月 12 日正式进驻祥源控股，依法依规对祥 源控股资产及负债等情况进行排查，督促祥源控股依法履行债务责任，确保祥源 控股正常生产经营。公司实际控制人、控股股东目前正在积极妥善解决上述相关 事项。 公司收到祥源控股通知，其持有的交建股份 7,900,000 股流通股被轮候 冻结，占其所持股份的 2.88%，占公司总股本的 1.28%。 截至本公告日，祥源控股持有公司股份 274,293,290 股，占公司总股本 的 ...

Core Viewpoint - The financial crisis surrounding the "Xiangyuan system" continues to escalate, with the actual controller Yu Faxiang facing criminal charges, negatively impacting the stock prices of Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park [2][11]. Stock Price Movements - On December 22, the three companies announced that Yu Faxiang was taken into criminal custody, leading to significant stock declines on December 23: Xiangyuan Cultural Tourism down 2.80%, Jiaojian down 4.89%, and Haichang down 7.29% [12]. - In December, the stock prices of the three companies experienced substantial declines: Haichang down 35.71%, Xiangyuan Cultural Tourism down 19.89%, and Jiaojian down 37.09% [4][12]. - On December 24, there was a slight recovery in stock prices, with Xiangyuan Cultural Tourism closing at 5.92 yuan (up 0.17%), Jiaojian at 7.65 yuan (up 0.92%), and Haichang at 0.450 HKD (up 1.12%) [4][13]. Financial Product Defaults - Since November 28, multiple financial products guaranteed by Xiangyuan Holdings and Yu Faxiang have faced payment defaults, involving over 200 products and a total outstanding amount exceeding 200 billion yuan, affecting nearly 10,000 investors [3][12]. - The underlying assets of the defaulted financial products are primarily accounts receivable from real estate and cultural tourism projects within the Xiangyuan Holdings system [14]. Ongoing Investigations and Risks - A support team was established by the Shaoxing government on December 12 to assist Xiangyuan Holdings, indicating a direct link between the financial product defaults and Yu Faxiang's criminal charges [14]. - Legal experts suggest that Yu Faxiang's legal responsibilities are closely tied to the payment crisis, as he is both the chairman of Xiangyuan Holdings and responsible for the payment obligations of the financial products [14]. Project Status and Concerns - Several projects under the Xiangyuan system have been reported as halted or under construction, raising concerns about the company's operational stability [15]. - Past issues of non-disclosure regarding non-operational fund usage have increased investor anxiety, with Xiangyuan Cultural Tourism previously fined for failing to disclose 410 million yuan in such funds [17]. Risk Assessment - The core risks facing the three listed companies include the implications of the actual controller's legal issues, potential stock freezes, price volatility, and investor rights protection [18].

Core Viewpoint - The chairman and CEO of Haichang Ocean Park, Yu Faxiang, is under criminal investigation, but the company asserts that its operations remain unaffected and control has not changed [2][7]. Group 1: Company Announcement - Haichang Ocean Park announced that it has not received any requests for assistance in the investigation and that its board and senior management are functioning normally [2]. - Yu Faxiang will delegate his responsibilities to Ouyang Ming until further notice [2]. Group 2: Financial Issues - Financial products linked to Xiangyuan Holdings and Yu Faxiang have overdue payments exceeding 10 billion yuan, affecting nearly 10,000 investors [5]. - Xiangyuan Wenlv reported that Yu Faxiang and related parties have had 612 million shares frozen, representing 58.08% of the company's total shares [6]. - Haichang Ocean Park has faced continuous losses, with a total loss of 2.34 billion yuan from 2022 to 2024 and a loss of 296 million yuan in the first half of 2025 [9][10]. Group 3: Strategic Developments - Xiangyuan Holdings invested 2.295 billion HKD in Haichang Ocean Park, becoming its controlling shareholder to enhance resource integration [8]. - The company is working on expanding flagship projects in Shanghai and Zhengzhou, and has several large reserve projects in negotiation [10].

Core Viewpoint - The financial turmoil surrounding the "Xiangyuan system" continues, with the actual controller Yu Faxiang facing criminal charges, negatively impacting the stock prices of Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park. Despite a slight recovery in stock prices on December 24, the core risks remain unresolved [2][3][4]. Group 1: Stock Price Movements - On December 22, the three companies announced that Yu Faxiang was taken into criminal custody, leading to significant stock declines: Xiangyuan Cultural Tourism down 2.80%, Jiaojian Co. down 4.89%, and Haichang Ocean Park down 7.29% on December 23 [3]. - In December, the stock prices of Haichang Ocean Park, Xiangyuan Cultural Tourism, and Jiaojian Co. fell by 35.71%, 19.89%, and 37.09%, respectively [4]. - On December 24, there was a slight recovery in stock prices, with Xiangyuan Cultural Tourism closing at 5.92 yuan (up 0.17%), Jiaojian Co. at 7.65 yuan (up 0.92%), and Haichang Ocean Park at 0.450 HKD (up 1.12%) [4]. Group 2: Financial Product Defaults - Since November 28, multiple financial products guaranteed by Xiangyuan Holdings and Yu Faxiang have faced payment defaults, with over 200 products involved and a total outstanding amount exceeding 200 billion yuan [3][5]. - The financial products are primarily backed by receivables from real estate and cultural tourism projects within the Xiangyuan Holdings system, with guarantees provided by Yu Faxiang [5]. Group 3: Legal and Operational Implications - The involvement of Yu Faxiang in criminal activities is closely linked to the payment defaults of financial products, as he holds significant legal responsibility [5][6]. - There are ongoing concerns regarding the operational status of various projects under the Xiangyuan system, with reports of halted or delayed construction [6]. - The companies have stated that their operations are not affected by the ongoing investigations, and they have not received any notifications regarding cooperation in investigations [7][8]. Group 4: Investor Sentiment and Future Risks - Investor sentiment remains cautious, with concerns about potential fund misappropriation and the overall financial health of the companies [8]. - The companies have previously faced penalties for failing to disclose non-operational fund misappropriation, which has heightened investor anxiety [8]. - The core risks for the companies include the impact of Yu Faxiang's legal issues, potential asset freezes, stock price volatility, and investor rights protection [7][8].

L | 天天津师事务所 法律意见书 安徽天禾律师事务所 关于 法律意见书 法律意见书 安徽天天律师事务所 安徽省交通建设股份有限公司 2025 年第一次临时股东大会 之 根据《中华人民共和国公司法》(下称"公司法")《中华人民共和国证 券法》 (下称" 证券法" )《上市公司股东会规则》和《安徽省交通建设股份 有限公司章程》(下称"《公司章程》")的有关规定，安徽天禾律师事务所 接受安徽省交通建设股份有限公司(以下简称"公司"或"交建股份")的委 托，指派王炜、曹禹律师出席了公司 2025 年第一次临时股东大会（以下简称 "本次股东大会"），对本次股东大会的合法性进行见证并出具法律意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办 法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见 书出具日以前已经发生或者存在的事实,严格履行了法定职责，遵循了勤勉 尽责和诚实信用原则,进行了充分的核查验证，保证本法律意见所认定的事 实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、 误导性陈述或者重大遗漏,并承担相应法律责任。 在本法律意见书中，本所律师仅对本次股东大会的召 ...

本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：603815 证券简称：交建股份 公告编号：2025-076 安徽省交通建设股份有限公司 2025年第一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： | 1、出席会议的股东和代理人人数 | 218 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 302,582,519 | | 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 | | | 份总数的比例（%） | 49.4111 | (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。 本次会议由公司董事会召集，董事长胡先宽先生主持，会议采用现场投票和 (一) 股东大会召开的时间：2025 年 12 月 24 日 (二) 股东大会召开的地点：安徽省合肥市庐阳区濉溪路 310 号祥源广场 A 座 16 楼会议室 (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： 网络投票相结合的方式召开。会议的 ...

Group 1 - A medical malpractice investigation has been initiated following the death of a baby girl after heart surgery in Ningbo, with a judicial process underway for medical liability disputes [2][3] - The investigation involves a comprehensive review by a dedicated team, and a third-party autopsy report has been provided to the family [2] - The local government is closely monitoring the situation and ensuring that the hospital maintains normal operations while addressing the issues raised [3] Group 2 - UBS's latest billionaire report indicates that by 2025, the number of billionaires globally will rise to 2,919, with total wealth reaching a record $15.8 trillion, marking a 13% increase [4] - In China, 70 new billionaires are expected by 2025, bringing the total to 470, second only to the United States [4] - The report highlights that 98% of Chinese billionaires are self-made, with significant wealth growth in various sectors including marketing software and infrastructure [4] Group 3 - The Chinese government is set to implement new regulations for food live-streaming to enhance food safety responsibilities among e-commerce platforms and operators [7] - The regulations will enforce strict supervision and accountability for food safety risks in live-streaming activities [7] Group 4 - ByteDance plans to invest tens of billions in AI, with a projected capital expenditure of 160 billion RMB (approximately $23 billion) by 2026, up from 150 billion RMB this year [8] - Half of this budget is earmarked for advanced semiconductor procurement necessary for AI model development [8] Group 5 - JD.com reported a theft incident at its warehouse in Paris, with over 50,000 electronic devices stolen, valued at approximately €37 million (around 306 million RMB) [9] - The company has since restored normal operations at the warehouse and is cooperating with local authorities [9] Group 6 - Toyota is recalling over 55,000 vehicles in the U.S. due to potential issues with inverter bolts that may not be properly tightened [17] - The National Highway Traffic Safety Administration is currently formulating remedial measures [17]

Core Viewpoint - Zhejiang Zhejin Asset Operation Co., Ltd. and its actual controller Yu Faxiang are under criminal investigation by the Shaoxing Public Security Bureau, raising concerns about the financial products linked to the company and its affiliates [1][5][6]. Group 1: Criminal Investigation and Measures - Chairman Ding Jianlin of Zhejin Center has been criminally detained since December 12, 2023, along with 18 other individuals related to the case [1][5][6]. - A provincial task force has been established, involving key departments such as the Zhejiang Provincial Financial Office and the Public Security Bureau, to handle asset disposal and criminal investigation [6]. - Judicial measures include freezing 6.12 billion shares of Xiangyuan Cultural Tourism and 2.9 billion shares of Jiaojian Co., along with controlling assets worth approximately 89.37 million yuan [6]. Group 2: Financial Products and Impact - Since November 28, 2023, multiple financial asset income products issued by Zhejin Center have faced maturity issues, with over 200 products involved and a total transaction scale exceeding 10 billion yuan [3]. - The underlying assets of these products are linked to receivables from various real estate projects under the Xiangyuan Group [3]. Group 3: Company Operations and Governance - Jiaojian Co. announced that it has not received any requests for investigation from authorities and that its operations remain normal despite the ongoing situation [3]. - Yu Honghua, a board member related to Yu Faxiang, has resigned from her position for personal reasons, which may indicate potential governance challenges within the company [4].

Core Viewpoint - The Zhejiang Jinzhong Center is facing a liquidity crisis due to the inability of investors to redeem financial products linked to the Xiangyuan Group, following the detention of its chairman Ding Jianlin by local authorities [2][4]. Group 1: Company Background - Zhejiang Jinzhong Center, originally established in December 2013, was founded by local state-owned enterprises and financial institutions, aiming to provide a platform for inclusive finance [4][5]. - The company underwent a name change in early 2015 and has been involved in various financial products, attracting investors with its state-owned background [5]. Group 2: Recent Developments - Since late November, reports have emerged of investors being unable to redeem Xiangyuan Group's financial products purchased through Zhejiang Jinzhong Center, leading to significant concerns [4][6]. - On December 12, Ding Jianlin was detained by the Shaoxing Public Security Bureau, confirming the company's leadership instability amid the ongoing crisis [2][3]. Group 3: Financial Product Structure - The financial products linked to Xiangyuan Group are structured with vague funding purposes, primarily aimed at supplementing liquidity for the trading institution, with underlying assets being debts owed by real estate companies controlled by Xiangyuan [9]. - These products have been marketed with Xiangyuan Group as a credit enhancer, but the quality of the underlying debts has been questioned, with many companies involved facing overdue payment issues and tax liabilities [9]. Group 4: Corporate Relationships - The Zhejiang Jinzhong Center has close ties with Xiangyuan Group, particularly after a capital increase in 2019 that resulted in significant shareholding changes and management overlaps [7][8]. - The interconnections between the two entities have been established through various partnerships and joint ventures, further complicating the financial landscape for investors [8].