2025 年第一次临时股东大会的 法律意见书 国枫律股字[2025]A0456 号 致：苏州市味知香食品股份有限公司（贵公司） 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于苏州市味知香食品股份有限公司 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《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》、《律师事务 所从事证券法律业务管理办法》（以下简称"《证券法律业务管理办法》"）、《律师事务所 证券法律业务执业规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、 行政法规、规章、规范性文件及《苏州市味知香食品股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人员资格、 会议表决程序及表决结果等事宜，出具本法律意见书。 对本 ...

苏州市味知香食品股份有限公司 募集资金管理制度 第一章 总则 第一条 为规范苏州市味知香食品股份有限公司（以下简称"公司"）募集资 金的管理，提高募集资金使用效率，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 募集资金监管规则》及《上海证券交易所上市公司自律监管指引第 1 号——规范 运作》等有关法律法规及规范性文件的规定，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是指公司通过发行股票或者其他具有股权性质 的证券，向投资者募集并用于特定用途的资金，但不包括公司实施股权激励计划 募集的资金。 超募资金是指实际募集资金净额超过计划募集资金金额的部分。 第三条 公司董事会应当对募集资金投资项目（以下简称"募投项目"）的可 行性进行充分论证，确信募投项目具有较好的市场前景和盈利能力，有效防范投 资风险，提高募集资金使用效益。 第四条 公司应当审慎使用募集资金，按照招股说明书或者其他公开发行募 集文件所列用途使用，不得擅自改变用途。 公司应当真实、准确、完整地披露募集资金的实际使用情况。出现严重影响 募集资金投资计划正常进行的情 ...

Group 1 - The recent controversy surrounding the use of pre-prepared dishes in restaurants, particularly highlighted by Luo Yonghao's comments about Xibei, has led to increased public attention on the pre-prepared food sector [1][2] - The National Health Commission has successfully passed the draft of the "National Standards for Food Safety of Pre-prepared Dishes," which will soon be open for public consultation, establishing a unified definition and mandatory disclosure for the use of pre-prepared dishes in restaurants [2][3] - Following the announcement, several A-share pre-prepared dish concept stocks experienced significant gains, with Delisi (002330) hitting the daily limit and closing at 5.45 yuan, up 10.10%, and its pre-prepared dish revenue projected to account for 21.67% of total revenue in 2024 [2][3] Group 2 - The stock of Longda Meishi (002726), a supplier to Xibei, also rose by 5.69% to 6.13 yuan, following a strategic cooperation agreement with Xibei to enhance product supply and brand influence [3] - Industry experts are optimistic about the positive impact of regulatory standards on the pre-prepared dish sector, with expectations that the introduction of these standards will promote industry self-discipline and benefit leading brands [3] - The recent discussions around pre-prepared dishes have emphasized the need for restaurants to disclose their use of such products, which is expected to strengthen industry self-regulation and enhance consumer trust in quality brands [3]

Core Viewpoint - The debate between Luo Yonghao and Xibei highlights the issues within the rapidly growing prepared food industry in China, revealing both challenges and opportunities for healthy industry development [1][2]. Industry Growth - The prepared food industry in China is projected to reach a market size of 485 billion yuan in 2024, with a year-on-year growth of 33.8%, and is expected to exceed 749 billion yuan by 2026 [1]. - The industry plays a crucial role in integrating agriculture and promoting efficiency, increasing farmers' income, standardizing the catering industry, and meeting consumer demand for convenience [1]. Industry Challenges - The industry faces several challenges, including inconsistent standards, food safety concerns, and an incomplete regulatory framework [2]. - The debate over the definition and standards of prepared food reflects the lack of unified standards in the industry, which is essential for resolving misunderstandings [3]. Regulatory Developments - A draft of the "National Standard for Food Safety of Prepared Foods," led by the National Health Commission, has passed review and will soon seek public opinion, aiming to establish a unified definition and mandatory disclosure for the use of prepared foods in restaurants [2]. Market Response - Following the news of the upcoming national standards, related stocks in the prepared food sector saw significant gains, with companies like Delisi hitting the daily limit, and others like Tiankang Biological and Longda Meishi rising over 5% [2]. Quality and Consumer Trust - Quality is identified as the lifeline of the prepared food industry, with consumer anxiety over quality being a central issue. Companies must prioritize quality to gain market respect and consumer choice [3]. - The establishment of standards and transparency is crucial for the healthy development of the industry, enabling consumers to make informed choices and pushing companies to enhance product quality [3].

味知香分析师会议 调研日期：2025年09月15日 调研行业：食品饮料 参与调研的机构：投资者等 / 机构调研pro小程序 DJvanbao.com 洞见研报 出品 : 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的集团 | ...

9月15日，"预制菜第一股"味知香召开2025年半年度业绩说明会，管理层就投资者关心的问题进行解答。 上半年，味知香实现营业总收入3.43亿元，同比增长4.7%；归母净利润为3195万元，同比下降24.46%，扣 除非经常性损益后的归母净利润降幅更大，下滑38.74%至2534万元。 这已是味知香连续两年净利润下滑。2024年中期，公司归母净利润已经同比下滑43.37%至4229万元。 盈利能力走弱很大程度上与原材料成本高企有关。 上半年，受部分原材料价格上涨影响，味知香营业成本同比增长10.29%至2.71亿元，增幅明显超过营收 （4.7%），直接挤压利润空间；期内公司毛利率为20.83%，同比下滑超4个百分点。公司也在半年报中提 示风险：原材料价格波动是食品企业常见的经营风险，原材料成本占主营业务成本比重较高，若主要原材 料市场价格出现较大波动，企业采购成本会随之变动，可能对生产计划造成冲击，给经营和盈利带来不确 定性。 面对毛利率下滑问题，公司财务总监、董秘谢林华在业绩会上坦言，核心影响因素是牛肉原材料价格波 动。据悉，牛肉类产品是味知香的第一大细分产品，收入1.37亿元，同比增长8.82%，占主营业务 ...

Group 1 - The recent events involving Luo Yonghao and Xibei have sparked renewed consumer interest in the "pre-prepared dishes" industry, leading to significant stock price increases for related listed companies [1] - Companies such as Delisi (002330), Huifa Food (603536), and Longda Meishi (002726) saw their stocks hit the daily limit, while Guolian Aquatic (300094) experienced a peak increase of 12.43% during trading [1] - The pre-prepared dishes market in China is projected to reach a scale of 485 billion yuan in 2024, with a year-on-year growth of 33.8%, and is expected to reach 749 billion yuan by 2026 [6] Group 2 - The regulatory framework for the pre-prepared dishes industry has begun to take shape, with various standards and regulations being established to promote high-quality development [4][5] - The National Market Supervision Administration and other ministries issued a notification in March 2024, providing clear definitions and standards for pre-prepared dishes [4] - Despite the rapid growth of the market, challenges such as low entry barriers, product homogeneity, and consumer trust issues have intensified competition, leading to a general decline in profits across the industry [7] Group 3 - Financial reports from several pre-prepared dish companies for the first half of 2025 indicate a decline in net profit, with Guolian Aquatic reporting a loss of 550 million yuan [9] - Most companies have experienced a decrease in gross profit margins, with notable declines in revenue for companies like Longda Meishi and Huifa Food [8][9] - The high-gross-margin companies, such as Anjixin Food and Sanquan Food, are identified as industry leaders, while others like Guangzhou Restaurant and Xianyin Food have restaurant operations that may affect their performance [10] Group 4 - The customer base for pre-prepared dishes includes a wide range of dining establishments, from fast food chains to high-end restaurants, indicating the widespread acceptance of these products in the food service industry [11] - Companies are exploring new profit growth points, with some, like Haodangjia, venturing into the health and wellness sector by developing marine product-based health supplements [11]

北京商报讯（记者 郭秀娟 实习记者 王悦彤）9月15日，味知香召开2025年半年度业绩说明会，对于"毛 利率连续两年中期下滑"，味知香表示，公司毛利率阶段性下降，主要是受到牛肉原材料价格波动的影 响。牛肉类产品在公司整体营收结构中占比高、单位货值大，今年以来随着原材料价格的上涨，零售端 虽已针对性实施部分调价，但调价幅度尚未完全覆盖成本涨幅，而批发端受到市场环境的影响，无法实 现有效的价格传导，渠道选品也从高货值产品向为低货值产品转移，多重因素叠加下，公司整体毛利率 承压明显。为改善盈利能力，公司采取主要措施：1、公司产品价格传导比较快，原材料上涨，公司会 根据实际情况进行相应产品售价的调整；2、强化供应链管控力度，成立了相关小组强化产品筛选和新 品开发，聚焦品类优化；3、严格供应商准入标准，引入了更多竞价机制，打破合作依赖形成的价格惯 性。 ...

Core Viewpoint - The recent surge in the stock prices of pre-prepared food companies in A-shares is attributed to the public's renewed interest in the pre-prepared food industry, sparked by the apology from Jia Guolong and the upcoming national food safety standards for pre-prepared foods [1][5]. Group 1: Stock Performance - As of September 15, several companies, including Huifa Food, Guolian Aquatic, and Tiankang Biological, saw stock price increases of over 5%, with Delisi reaching a daily limit increase [2]. - Among the rising stocks, suppliers of pre-prepared food, such as Qianwei Yangchun and Longda Meishi, are also noted [3]. Group 2: Regulatory Developments - The significant stock price increase is linked to the approval of the draft national food safety standards for pre-prepared foods by the National Health Commission on September 13, which will provide a unified "identity certification" and safety baseline for the industry [5]. - The pre-prepared food industry has seen regulatory developments only in the past three years, with standards being gradually established [8]. Group 3: Industry History and Trends - The pre-prepared food industry in China dates back to the 1990s, with significant developments occurring between 2000 and 2005, when many of the currently rising companies were registered [6]. - The rise of pre-prepared foods has been facilitated by the emergence of central kitchens and cold chain logistics since 2008, allowing for standardization and wider adoption across various restaurant types [12]. Group 4: Consumer Perception and Market Dynamics - Consumers express concerns about the safety of pre-prepared foods, reflecting a deeper frustration over the loss of transparency regarding food preparation [10]. - The convenience and cost-effectiveness of pre-prepared foods make them appealing to both large and small restaurants, leveling the playing field in the food service industry [12].

近日，罗永浩与西贝之间围绕预制菜的争论引发广泛关注。这场争论不仅关乎双方的声誉，更将预制菜 产业的诸多问题暴露在公众视野之下，也为产业的健康发展提供了新的契机。 近年来，预制菜产业发展迅猛。iiMediaResearch(艾媒咨询)报告显示，2024年中国预制菜产业延续稳健 增长态势，市场规模达到4850亿元，同比增长33.8%，预计2026年市场规模将突破7490亿元。预制菜产 业作为农村一二三产业融合的重要载体，对促进农业增效、农民增收、推动餐饮行业标准化、满足消费 者便捷化需求具有重要意义。 这种争议恰恰印证了预制菜行业龙头企业味知香的观点——预制菜市场空间大，但行业仍缺乏相应的标 准制度。 今年6月，味知香董事长夏靖在业绩业绩说明会上表示，预制菜行业的繁荣与挑战并存。目前行业面临 标准不一、食品安全隐患、监管体系不完善等问题。在市场规模快速增长的同时，消费者需求的多元化 和行业竞争的加剧，也对预制菜企业提出了更高要求。随着行业标准及政策的日益完善，预制菜行业将 在规范化发展的基础上，不断创新与升级。从长期来看，优质产品将会是人们的消费选择。 值得一提的是，据媒体最新报道，由国家卫健委主导的《预制菜食品 ...