湖南启元律师事务所 关于华扬联众数字技术股份有限公司 2025年第五次临时股东会的 法律意见书 2025年8月 致：华扬联众数字技术股份有限公司 湖南启元律师事务所（以下简称"本所"）接受华扬联众数字技术股份有限公 司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第五次临时股东 会（以下简称"本次股东会"）进行法律见证。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》等我国现行法律法规、规范 性文件以及《华扬联众数字技术股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，本所律师对本次股东会的召集和召开程序、出席会议人员资格、召 集人的资格及会议表决程序、表决结果等事项出具本法律意见书。 本所及本所律师声明如下： （一）本所律师根据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， 保证本法律意见书所认定的事实真实、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。 （二）本所律师出具本法律意见书是基于公司已承诺所有提供给本所律师 ...

证券之星消息，8月29日广告营销板块较上一交易日下跌0.74%，ST华扬领跌。当日上证指数报收于 3857.93，上涨0.37%。深证成指报收于12696.15，上涨0.99%。广告营销板块个股涨跌见下表： 从资金流向上来看，当日广告营销板块主力资金净流出11.53亿元，游资资金净流出2307.08万元，散户资 金净流入11.76亿元。广告营销板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300805 | 电声股份 | 1691.34万 | 7.06% | 305.73万 | 1.28% | -1997.07万 | -8.34% | | 600358 | ST联合 | 1148.63万 | 13.01% | -751.31万 | -8.51% | -397.32万 | -4.50% | | 002712 思美传媒 | | 260.63万 | 2.96% | 1051.73万 | 11.9 ...

New Stock Offerings - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - Broadcom Integrated (603068) announced abnormal fluctuations on August 29, 2025[1] Market Alerts - ST Guohua (000004) and ST Gohong (000851) both reported abnormal fluctuations on August 29, 2025[1] - ST Huayang (603825) and ST Zhongji (000972) also indicated abnormal fluctuations on August 29, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on August 26, 2025[1] Company Announcements - Zhaoxin Technology (603377) announced abnormal fluctuations on August 27, 2025[1] - Longyang Electronics (301396) reported significant fluctuations on August 28, 2025[1] - ST Dongshi (603377) indicated abnormal fluctuations on August 22, 2025[1]

证券代码：603825 证券简称：ST 华扬 公告编号：2025-098 华扬联众数字技术股份有限公司 股票交易异常波动公告 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： 华扬联众数字技术股份有限公司（以下简称"公司"）股票于 2025 年 8 月 26 日、8 月 27 日、8 月 28 日连续三个交易日内日收盘价格跌幅偏离值累计超 过 12%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动 情形。 经公司自查，并向控股股东及实际控制人发函核实，截至本公告披露日， 确认不存在应披露而未披露的重大事项或重要信息。 一、股票交易异常波动的具体情况 公司股票于 2025 年 8 月 26 日、8 月 27 日、8 月 28 日连续三个交易日内日 收盘价格跌幅偏离值累计超过 12%，根据《上海证券交易所交易规则》的有关规 定，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 根据上海证券交易所相关规定，公司对相关问题进行了必要核实。现说明如 下： （一）生产经营情况 （二）重大事项情况 公司 ...

关于华扬联众数字技术股份有限公司 股票交易异常波动问询函的回函 华扬联众数字技术股份有限公司: 我司收到你司发来的《关于华扬联众数字技术股份有限 公司股票交易异常波动有关事项的问询函》,作为华扬联众 数字技术股份有限公司(以下简称"上市公司")控股股东, 经认真自查及向实际控制人长沙市人民政府国有资产监督 管理委员会(以下简称"长沙市国资委")间询核实,现就 有关情况回复如下: 截至目前,我司及实际控制人长沙市国资委,除上市公 司已公开披露的事项外,不存在应披露而未披露的重大事项, 包括但不限于筹划涉及上市公司的重大资产重组、股份发行、 重大交易类事项、业务重组、股份回购、股权激励、破产重 整、重大业务合作、引进战略投资者等重大事项;不存在股 票交易异常波动期间买卖上市公司股票的行为。 湖南湘江新区发 特此回复。 ...

Market Overview - The Shanghai Composite Index closed at 3800.35 points, with a decline of 1.76% [1] - The total trading volume of A-shares reached 31,977.88 billion yuan [1] Technical Analysis - A total of 150 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hengyu Xintong: 5-day MA at 76.38 yuan, 10-day MA at 77.37 yuan, difference of -1.28% [1] - ST Huayang: 5-day MA at 11.72 yuan, 10-day MA at 11.84 yuan, difference of -0.94% [1] - Wohua Pharmaceutical: 5-day MA at 6.96 yuan, 10-day MA at 7.02 yuan, difference of -0.78% [1] Individual Stock Performance - Hengyu Xintong: Today's decline of 5.98%, with a turnover rate of 14.00% [1] - ST Huayang: Today's decline of 5.04%, with a turnover rate of 0.09% [1] - Wohua Pharmaceutical: Today's decline of 3.03%, with a turnover rate of 3.42% [1] - Other notable declines include: - Longshen: -3.62% [1] - Zhuhua Design: -5.51% [1] - Dadi Ocean: -7.20% [1] Additional Stock Data - The following stocks also showed significant declines: - Kexin Technology: -2.56% [1] - Chenxi: -5.85% [1] - Yuxing Co.: -7.53% [1] - Yingjian Technology: -6.08% [1] - Senhe Co.: -6.08% [1] - Huayuan Holdings: -3.42% [1]

Market Overview - The Shanghai Composite Index is at 3868.00 points with a slight decline of -0.01% as of 10:29 AM [1] - The total trading volume of A-shares is 12,533.34 billion yuan [1] Stocks with Death Cross - A total of 54 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hengyu Xintong: 5-day MA at 76.46 yuan, 10-day MA at 77.41 yuan, difference of -1.23% [1] - ST Huayang: 5-day MA at 11.72 yuan, 10-day MA at 11.84 yuan, difference of -0.94% [1] - Wohua Pharmaceutical: 5-day MA at 6.99 yuan, 10-day MA at 7.03 yuan, difference of -0.60% [1] Additional Stocks with Death Cross - Other stocks showing a death cross include: - Longshen Rongfa: 5-day MA at 10.88 yuan, 10-day MA at 10.95 yuan, difference of -0.56% [1] - Dadi Ocean: 5-day MA at 31.63 yuan, 10-day MA at 31.76 yuan, difference of -0.39% [1] - Morning Star Aviation: 5-day MA at 22.66 yuan, 10-day MA at 22.75 yuan, difference of -0.36% [1] Performance of Selected Stocks - Performance metrics for selected stocks include: - Hengyu Xintong: Today's change of -5.48% with a turnover rate of 8.19% [1] - ST Huayang: Today's change of -5.04% with a turnover rate of 0.08% [1] - Wohua Pharmaceutical: Today's change of -1.15% with a turnover rate of 1.39% [1] Summary of Other Stocks - Additional stocks with notable performance include: - Hanhai Environmental: Today's change of -3.51% with a turnover rate of 0.98% [1] - Sen Tai: Today's change of -4.05% with a turnover rate of 2.39% [1] - Huayuan Holdings: Today's change of -0.68% with a turnover rate of 1.21% [1]

Market Overview - The Shanghai Composite Index closed at 3881.07 points, with a change of +0.33% [1] - The total trading volume of A-shares reached 1,746.291 billion yuan [1] Technical Analysis - A total of 46 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hengyu Xintong: 5-day MA at 76.55 yuan, 10-day MA at 77.45 yuan, difference of -1.17% [1] - ST Huayang: 5-day MA at 11.72 yuan, 10-day MA at 11.84 yuan, difference of -0.94% [1] - Wohua Pharmaceutical: 5-day MA at 6.99 yuan, 10-day MA at 7.03 yuan, difference of -0.58% [1] Stock Performance - Hengyu Xintong: Today's change -4.90%, turnover rate 9.91% [1] - ST Huayang: Today's change -5.04%, turnover rate 0.08% [1] - Wohua Pharmaceutical: Today's change -1.01%, turnover rate 1.87% [1] - Other notable stocks with negative performance include: - Longshen Rongfa: -0.65% [1] - Dadi Ocean: -4.27% [1] - Baili Technology: -1.82% [1] - Chengxi Aviation: -3.21% [1] - Dengkang Oral: -0.97% [1] - Sentai Co., Ltd.: -3.62% [1] - Huayuan Holdings: -0.46% [1] - Yingjian Technology: -2.78% [1] - Linhai Co., Ltd.: -1.55% [1] - Rundou Co., Ltd.: -1.88% [1] - Shengyuan Biotech: -3.27% [1] - Keshan Co., Ltd.: +0.03% [1] - Xiangshan Co., Ltd.: +0.58% [1] Additional Observations - The stocks with the largest percentage drop in their 5-day moving averages compared to their 10-day moving averages indicate potential bearish trends [1][2] - The overall market sentiment appears cautious, with several stocks showing significant declines in both price and trading volume [1][2]

据证券之星公开数据整理，近期ST华扬（603825）发布2025年中报。截至本报告期末，公司营业总收 入6.15亿元，同比下降56.5%，归母净利润-2.09亿元，同比下降103.44%。按单季度数据看，第二季度营 业总收入4.4亿元，同比下降43.94%，第二季度归母净利润-1.53亿元，同比下降178.86%。本报告期ST 华扬三费占比上升明显，财务费用、销售费用和管理费用总和占总营收同比增幅达122.83%。 预付款项变动幅度为44.49%,原因:预付业务款增加。 合同资产变动幅度为-47.72%,原因:回款增加。 短期借款变动幅度为92.28%,原因:贷款增加。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率14.01%，同比减19.03%，净利 率-34.34%，同比减411.27%，销售费用、管理费用、财务费用总计2.37亿元，三费占营收比38.49%，同 比增122.83%，每股净资产0.88元，同比减74.07%，每股经营性现金流-1.76元，同比减185.67%，每股 收益-0.82元，同比减100.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- ...

Core Viewpoint - ST Huayang (603825) reported a revenue of 615 million yuan for the first half of 2025, focusing on brand marketing and exploring AI technology to enhance marketing capabilities [1] Group 1: Company Performance - In the first half of 2025, ST Huayang achieved a revenue of 615 million yuan [1] - The company is enhancing its brand marketing services and leveraging AI technology to explore new marketing developments [1] Group 2: AI Integration and Innovation - The advertising industry is undergoing significant changes driven by AI technology, with traditional advertising models shifting towards intelligent and precise approaches [2] - ST Huayang has launched the HiGC intelligent platform and MediaMuse, integrating multiple AI models to improve operational efficiency by nearly 50% [2] - The company has developed the "Ling Jian" video editing system, which has reduced production costs by 60% and replaced 70% of on-site shooting with AI-generated content [2] Group 3: Strategic Changes and Partnerships - In February 2025, ST Huayang underwent a change in control, with the Hunan Provincial Government becoming the actual controller, leading to positive outcomes for the company [3] - The company is leveraging its marketing expertise to strengthen relationships with local brand clients in Hunan and enhance their market share [3] - ST Huayang has signed a strategic cooperation agreement with Hunan Huanyear Cultural Tourism to provide marketing services and has established a joint venture to promote digital transformation in the cultural tourism sector [3][4] Group 4: Compliance and Future Outlook - ST Huayang has addressed issues related to administrative penalties and has corrected financial information, ensuring normal business operations [5] - The company aims to enhance its AI innovation capabilities and service quality while deepening cooperation with the Hunan government to drive digital transformation in the cultural tourism industry [5]