Group 1 - The legal opinion letter from Allbright Law Offices confirms the compliance of the 2025 first extraordinary general meeting of Harsen Trading (China) Co., Ltd. with relevant laws and regulations [1][2][8] - The meeting is scheduled for June 25, 2025, at the company's conference room in Kunshan, Jiangsu Province, and the notice includes details such as meeting time, location, and voting procedures [1][3] - The meeting was convened by the company's board of directors, which is in accordance with the Company Law and the company's articles of association [3][4] Group 2 - A total of 3 shareholders and their representatives attended the meeting, holding 139,448,804 shares with voting rights, all registered as of the equity registration date [4][5] - The voting process included both on-site and online voting, with the online voting system managed by the Shanghai Stock Exchange [5][6] - The voting results showed that 140,347,604 shares (99.7807%) voted in favor of the proposal, while 220,086 shares (0.1564%) opposed it, and 88,300 shares (0.0629%) abstained [7][8] Group 3 - The legal opinion concludes that the meeting's convening, attendance, voting procedures, and results are all valid and comply with the Company Law and the company's articles of association [7][8]

Group 1 - The company plans to acquire 100% equity of Suzhou Chenling Optical Co., Ltd. and 45% equity of Suzhou Langkes Precision Hardware Co., Ltd. through a share issuance and raise supporting funds [1][2] - This transaction is expected to constitute a major asset restructuring as defined by the regulations, but it will not lead to a change in the actual controller of the company [1][2] - The company’s stock was suspended from trading starting December 12, 2024, due to the planning of this transaction, with a maximum suspension period of 10 trading days [1][2] Group 2 - The company has been actively organizing relevant parties to advance the transaction during the suspension period and has regularly published progress announcements [2] - As of the date of this announcement, the audit, evaluation, and due diligence related to the transaction are still ongoing [3][4] - The company is unable to issue a notice for the shareholders' meeting within the stipulated timeframe due to the ongoing work related to the transaction [3][4] Group 3 - The company will continue to push forward with the transaction and coordinate with all parties to complete the necessary audits, evaluations, and due diligence [4] - A new board meeting will be convened to review the transaction-related matters once the relevant work is completed, with the announcement date of that meeting serving as the pricing benchmark for the share issuance [4]

上海市锦天城律师事务所 关于哈森商贸（中国）股份有限公司 2025年第一次临时股东大会的 法律意见书 上海市锦天城律师事务所 关于哈森商贸（中国）股份有限公司 2025 年第一次临时股东大会的 地址：上海市浦东新区银城中路501号上海中心大厦11、12层 电话：021-2051 1000 传真：021-2051 1999 邮编：200120 上海市锦天城律师事务所 法律意见书 法律意见书 致：哈森商贸（中国）股份有限公司 哈森商贸（中国）股份有限公司（以下简称"公司"）2025 年第一次临时 股东大会（以下简称"本次股东大会"或"会议"）于 2025 年 6 月 25 日在江苏 省昆山市花桥镇花安路 1008 号公司会议室召开。上海市锦天城律师事务所接受 公司委托，委派经办律师出席会议，根据《中华人民共和国证券法》（以下简称 "《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）和 《哈森商贸（中国）股份有限公司章程》（以下简称"《公司章程》"）的规定， 就本次股东大会的召集和召开程序、出席会议人员资格、召集人的资格、会议的 表决程序、表决结果等发表法律意见。 1、本法律意见书是经办律师根据出席 ...

证券代码：603958 证券简称：哈森股份 公告编号：2025-032 哈森商贸（中国）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。 (二)股东大会召开的地点：江苏省昆山市花桥镇花安路 1008 号公司会议室 (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 | 136 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 140,655,990 | | 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（%） | 64.1210 | (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。 本次股东大会由公司董事长陈玉珍先生主持，会议采取现场投票和网络投票相结 合的表决方式，会议的召集、召开符合《公司法》、《上市公司股东大会规则》 和 《公司章程》的相关规定。 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 (一)股东大 ...

本次交易预计构成《上市公司重大资产重组管理办法》规定的重大资产重 组，本次交易不会导致公司实际控制人发生变更，不构成重组上市。 二、本次交易的历史披露情况 公司因筹划本次交易，根据《上海证券交易所股票上市规则》等相关规定， 经公司向上海证券交易所申请，公司股票于 2024 年 12 月 12 日开市起停牌，并 于 2024 年 12 月 13 日开市起继续停牌，停牌时间不超过 10 个交易日。具体内容 详见公司于 2024 年 12 月 13 日在上海证券交易所网站（www.sse.com.cn）披露 的《关于筹划重大资产重组停牌公告》（公告编号：2024-094）。 证券代码：603958 证券简称：哈森股份 公告编号：2025-030 哈森商贸（中国）股份有限公司 关于发行股份购买资产并募集配套资金事项 无法在规定期限内发出召开股东大会通知的专项说明 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。 一、本次交易的基本情况 哈森商贸（中国）股份有限公司（以下简称"公司"）拟以发行股份方式购 买苏州辰瓴光学有限公司 100%股 ...

证券代码：603958 证券简称：哈森股份 公告编号：2025-031 哈森商贸（中国）股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易 事项的进展公告 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。 一、本次交易的基本情况 公司因筹划本次交易，根据《上海证券交易所股票上市规则》等相关规定， 经公司向上海证券交易所申请，公司股票于 2024 年 12 月 12 日开市起停牌，并 于 2024 年 12 月 13 日开市起继续停牌，停牌时间不超过 10 个交易日。具体内容 详见公司于 2024 年 12 月 13 日在上海证券交易所网站（www.sse.com.cn）披露 的《关于筹划重大资产重组停牌公告》（公告编号：2024-094）。 停牌期间，公司积极组织相关各方推进本次交易的相关工作，并定期发布停 牌进展公告。2024 年 12 月 19 日，公司在上海证券交易所网站披露了《关于筹 划重大资产重组事项的停牌进展公告》（公告编号：2024-095）。 2024 年 12 月 25 日，公司召开第五届董事会第十二次 ...

Group 1: Retail Industry Overview - The retail industry is focusing on three main investment themes for the second half of 2025: strong product momentum, improved operational conditions, and large comprehensive enterprises [7] - The beauty and personal care sector is showing strong performance, with a year-on-year growth of 62.51% in Q1 2025 for companies like Jinbo Biological and 28.01% for Marubi Biological [38] - The jewelry sector is witnessing a shift towards lighter and more affordable gold products, driven by younger consumers and the trend of diversification in the market [7] Group 2: Consumer Confidence and Sales Performance - In the first quarter of 2025, the total retail sales of consumer goods reached 12.47 trillion yuan, with a year-on-year increase of 3.6% [14] - The consumer confidence index showed a recovery trend in early 2025, indicating a positive outlook for retail consumption [14] - The beauty and jewelry categories experienced year-on-year retail sales growth of 5.48% and 8.06% respectively in the same period [14] Group 3: E-commerce and Offline Trends - E-commerce sales showed a mixed performance, with a total sales index of 50.6% in May 2025, reflecting a slight decline compared to previous months [23] - The offline retail market is stabilizing, with a noticeable recovery in shop rental rates, which reached 53.6% in April and May 2025 [29] - The operating space index showed fluctuations but remained stable, indicating a cautious approach to new store openings [29] Group 4: Investment Recommendations - The report recommends focusing on companies with strong product momentum and operational improvements, such as Proya, Giant Biological, and Marubi Biological [62] - The beauty sector is highlighted for its resilience and growth potential, with specific companies recommended for investment based on their strong performance metrics [62] - The medical beauty sector is also emphasized, particularly companies that are expanding their product lines and improving operational capabilities [7][63]

哈森商贸（中国）股份有限公司 2025 年第一次临时股东大会 会议资料 二○二五年六月二十五日 哈森商贸（中国）股份有限公司 2025 年第一次临时股东大会会议资料 目 录 1 一、股东大会会议议程 二、股东大会会议须知 三、股东大会会议议案 1、《关于新增 2025 年度担保额度预计的议案》； 哈森商贸（中国）股份有限公司 2025 年第一次临时股东大会会议资料 哈森商贸（中国）股份有限公司 2025 年第一次临时股东大会会议议程 会议地点：江苏省昆山市花桥镇花安路 1008 号公司会议室 十、宣布本次股东大会最终投票结果 十一、宣读股东大会决议 2 2、会议主持人：董事长陈玉珍先生 （二）网络投票时间 一、14:45 现场会议正式开始，报告现场股东到会情况 二、会议主持人宣布会议开始 三、宣读本次股东大会议案 四、股东发言及公司董事、监事、高级管理人员回答提问 五、宣布现场到会的股东和股东代表人数及所持有表决权的股份总数 六、推选计票人、监票人 会议时间：2025 年 6 月 25 日下午 14:45 （一）现场会议 1、召开时间：2025 年 6 月 25 日下午 14:45，其中 14:15-14:4 ...

Core Viewpoint - The company is convening its first extraordinary general meeting of shareholders in 2025 to discuss and approve a proposed increase in the guarantee limit for its subsidiaries, aimed at supporting their operational needs and ensuring business continuity [4][9]. Meeting Agenda - The meeting will take place on June 25, 2025, at 14:45 in Kunshan, Jiangsu Province, and will include a series of procedural steps such as sign-in, announcement of the meeting, discussion of agenda items, and voting [2][3]. Proposed Guarantee Limit - The company proposes to add a guarantee limit of RMB 250 million for the year 2025, with the total expected guarantee amount for the subsidiaries not exceeding RMB 398 million [4][5]. - The guarantee will be valid from the date of approval until the next annual general meeting in 2025, and the actual guarantee amount will depend on the contracts signed [4][5]. Guarantee Details - The guarantees will cover financing activities such as loans, bank acceptance bills, and performance guarantees for the subsidiaries [5][9]. - The company will ensure that the subsidiaries maintain a stable financial condition and will require other shareholders to provide proportional guarantees or counter-guarantees to protect the company's interests [9]. Financial Health of Subsidiaries - The subsidiaries involved in the guarantee have shown stable financial performance, with no overdue guarantee issues reported [9]. - Specific financial metrics for the subsidiaries indicate a healthy operational status, with Jiangsu Langke's asset-liability ratio exceeding 70%, yet maintaining a stable management structure capable of debt repayment [9].

Core Viewpoint - The article highlights the rampant insider trading in the A-share market, indicating that the frequency and audacity of such activities have reached unprecedented levels, overshadowing previous regulatory efforts [3][22]. Group 1: Instances of Pre-announcement Price Surge - Guokewi announced on June 6 its intention to acquire 94.366% of Zhongxin Ningbo's equity, leading to a 20% price surge on May 20, just before the announcement [5]. - Shangluo Electronics saw a 22.82% increase over four trading days prior to its announcement on June 4 regarding the acquisition of Guangzhou Ligong Technology [6]. - Bangji Technology's stock price surged on June 4 before announcing its acquisition plans [7]. - ST Jinbi experienced a 7.13% increase in the two trading days leading up to its announcement on June 4 regarding a share transfer [8]. - Huamao Technology's stock rose by 11.16% in the three trading days before its June 4 announcement of acquiring Shenzhen Fuchuang Youyue Technology [9]. Group 2: Long-term Price Increases Before Major Announcements - Honghui Fruits and Vegetables saw a 38.14% increase from April 1 to June 6, despite only a 2.97% rise on the announcement day [23]. - Maipu Medical's stock surged over 69.61% from April 7 to May 21, with significant increases noted before its announcement [23]. - Haitai Development's stock rose by 73.84% from April 7 to June 5, despite only a 1.73% increase on the announcement day [23]. - Feiyada's stock increased by 50.76% in May, with multiple days of over 9% gains leading up to its announcement on June 4 [23]. Group 3: Techniques of Insider Trading - The article discusses the strategy of creating false market signals to mislead investors, as seen in the case of Qunxing Toys, which experienced a sudden surge in trading volume before announcing a major asset restructuring [29]. - The practice of buying shares before creating favorable news is highlighted, with examples such as Diou Home, where the actual controller's shareholding was transferred to a related party [31]. - The article notes that insider trading is often concealed effectively, making it difficult for regulatory bodies to detect [34]. Group 4: Regulatory Challenges - The article emphasizes that even significant price increases do not necessarily trigger regulatory scrutiny, as companies can claim no insider information was leaked [36][38]. - Instances of companies reporting substantial price increases before announcements without facing consequences illustrate the challenges in enforcing regulations [40][41].