(2025 年 9 月 19 日经 2025 年第一次临时股东会审议通过) 深圳华侨城股份有限公司董事会议事规则 第一章 总则 第一条 为了进一步规范深圳华侨城股份有限公司（以下简称 "公司"）董事会的议事方式和决策程序，促使董事和董事会有效地 履行其职责，提高董事会规范运作和科学决策水平，根据《中华人民 共和国公司法》《中华人民共和国证券法》《上市公司治理准则》和《深 圳证券交易所股票上市规则》（以下简称"《股票上市规则》"）等有关 法律、法规、规范性文件、深圳证券交易所发布的业务规则及《深圳 华侨城股份有限公司章程》(以下简称"《公司章程》")的有关规定， 制订本规则。 第二条 董事会下设董事会秘书处，处理董事会日常事务。董事 会秘书或者证券事务代表兼任董事会秘书处负责人，保管董事会和董 事会秘书处印章。 第二章 董事会会议的一般性规定 第三条 董事会会议分为定期会议和临时会议。有下列情形之一 的，董事会应当召开临时会议： （一）代表十分之一以上表决权的股东提议时； （七）《公司章程》规定的其它情形。 第四条 按照前条规定提议召开董事会临时会议的，应当通过董 （二）三分之一以上董事联名提议时； （三）审计 ...

深圳华侨城股份有限公司股东会规则 (2025 年 9 月 19 日经 2025 年第一次临时股东会审议通过) 第一章 总则 第一条 为维护深圳华侨城股份有限公司（以下简称公司）和 股东的合法权益，明确股东会的职责和权限，保证股东会规范、 高效运作及依法行使职权，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》的规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本 规则。 第三条 公司应当严格按照法律、行政法规、本规则及公司章 程的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公 司全体董事应当勤勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内行 使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每 年召开一次，应当于上一会计年度结束后的 6 个月内举行。临时 股东会不定期召开，出现《公司法》第一百一十三条规定的应当 召开临时股东会的情形时，临时股东会应当在 2 个月内召开。 第 1 页 共 13 页 公司 ...

深圳华侨城股份有限公司独立董事制度 (2025 年 9 月 19 日经 2025 年第一次临时股东会审议通过) 第一章 总则 第一条 为完善深圳华侨城股份有限公司（以下简称公司）治理， 促进公司规范运作，保障全体股东特别是中小股东权益不受损害，维 护公司整体利益，根据《中华人民共和国公司法》（以下简称《公司 法》）、《上市公司独立董事管理办法》（以下简称《管理办法》）、 《深圳证券交易所上市公司自律监管指引第 1 号—主板上市公司规 范运作》等法律法规、规范性文件及《深圳华侨城股份有限公司章程》 （以下简称《公司章程》）的有关规定，制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与 公司及公司主要股东、实际控制人不存在直接或者间接利害关系，或 者其他可能影响其进行独立客观判断关系的董事。 独立董事应当独立履行职责，不受公司及其主要股东、实际控制 人等单位或者个人的影响。 第三条 独立董事对公司及公司全体股东负有忠实与勤勉义务， 应当按照法律、行政法规、中国证券监督管理委员会（以下简称中国 证监会）规定、深圳证券交易所业务规则和公司章程的规定，认真履 行职责，在董事会中发挥参与决策、监督制衡 ...

深圳华侨城股份有限公司章程 (2025 年 9 月 19 日经 2025 年第一次临时股东会审议通过) 2025 年 9 月 | | | | 第七章 总裁及其他高级管理人员 | | --- | | 第八章 财务会计制度、利润分配和审计 . | | 第一节 财务会计制度 . | | 第二节 内部审计 . | | 第三节 会计师事务所的聘任 . | | 第九章 通知和公告 | | 第一节 通知 . | | 第二节 公告 . | | 第十章 合并、分立、增资、减资、解散和清算 | | 第一节 合并、分立、增资和减资 55 | | 第二节 解散和清算 | | 第十一章 修改章程 . | | 第十二章 附则 | 第一章 总 则 第一条 为维护深圳华侨城股份有限公司（以下简称公司）、股 东、职工和债权人的合法权益，规范公司的组织和行为，完善公司法 人治理结构，坚持和加强党的全面领导，建设中国特色现代国有企业 制度，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》）、《中华人民共和国 企业国有资产法》、《企业国有资产监督管理暂行条例》、《中国共 产党章程》（以下简称《党章》 ...

Core Viewpoint - Recent leadership changes in state-owned real estate enterprises signal a strategic shift in response to evolving market conditions and internal challenges [3][21]. Group 1: Leadership Changes - On September 15, 2023, China Merchants Shekou (001979.SZ) announced the resignation of Chairman Jiang Tiefeng, with former General Manager Zhu Wenkai taking over as Chairman and Nie Liming appointed as General Manager [2]. - Concurrently, other state-owned enterprises, including Overseas Chinese Town Group and China Communications Real Estate, also underwent significant management changes [3][16]. - Jiang Tiefeng's tenure saw China Merchants Shekou rise to the top five in the industry, indicating a solid foundation for the new leadership [2][12]. Group 2: Financial Performance - In the first half of 2023, China Merchants Shekou reported revenue of 51.485 billion yuan, a year-on-year increase of 0.41%, and a profit of 3.108 billion yuan, up 5.05% [12]. - The company achieved a sales volume of 888.94 billion yuan, ranking fourth in the market [12]. - The company has a cash reserve exceeding 100 billion yuan, the highest in five years, and aims to maintain a debt ratio below 40% [8][12]. Group 3: Strategic Direction - The new leadership team of Zhu Wenkai and Nie Liming is tasked with maintaining stability while exploring new growth avenues [15]. - China Merchants Shekou is focusing on core businesses, including commercial centers, industrial parks, and apartments, while actively acquiring prime land in major cities [13][12]. - The company recently acquired a significant land parcel in Shanghai for 43.95 billion yuan, setting a record for residential land sales in China [13]. Group 4: Industry Context - The real estate sector is experiencing a bifurcation, with some companies like Overseas Chinese Town facing severe financial difficulties, while others like China Merchants Shekou are positioned for growth [3][21]. - The leadership changes reflect broader strategic decisions in response to market pressures and the need for transformation within the industry [21].

证券代码：000069 证券简称：华侨城 A 公告编号：2025-41 深圳华侨城股份有限公司 （三）本次股东会的召集、召开所履行的程序符合有关法律、行 政法规、部门规章、规范性文件、深圳证券交易所业务规则和公司章 程等的有关规定。 第 1 页 （四）召开时间： （二）召集人：深圳华侨城股份有限公司董事会 2025 年 8 月 28 日，公司第九届董事会第六次会议审议通过了《关 于召开 2025 年第一次临时股东会的议案》。 关于 2025 年第一次临时股东会通知的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 深圳华侨城股份有限公司（以下简称"公司"）分别于 2025 年 8 月 30 日发布了《关于召开 2025 年第一次临时股东会通知的公告》、 9 月 9 日发布了《关于 2025 年第一次临时股东会增加临时提案暨股 东会补充通知的公告》，定于 2025 年 9 月 19 日召开公司 2025 年第 一次临时股东会。本次股东会将采取现场表决与网络投票相结合的方 式召开。现发布本次股东会的提示性公告，提醒公司股东及时参加本 次股东会并行使表决权。具 ...

Market Performance - On September 16, the real estate development sector rose by 1.27% compared to the previous trading day, with Xiangjiang Holdings leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Xiangjiang Holdings (600162) closed at 2.38, with a gain of 10.19% and a trading volume of 744,400 shares, amounting to a transaction value of 177 million [1] - Shoukai Co. (600376) closed at 6.67, up 10.07%, with a trading volume of 2,225,800 shares, totaling 144.9 million [1] - Rongsheng Development (002146) closed at 2.12, increasing by 9.84%, with a trading volume of 8,621,000 shares, amounting to 1.805 billion [1] - Other notable performers include Jintou Chengkai (600322) with a 7.14% increase, and Wolong New Energy (600173) with a 6.86% increase [1] Capital Flow Analysis - The real estate development sector experienced a net outflow of 381 million from institutional investors, while retail investors saw a net inflow of 674 million [2] - The capital flow data indicates that major stocks like Xiangjiang Holdings and Shoukai Co. had significant net outflows from institutional and speculative funds [3]

Group 1 - The core point of the news is that Huazhi City A has experienced a significant stock price increase, rising 5.65% to 2.62 yuan per share, with a total market capitalization of 21.059 billion yuan and a cumulative increase of 11.71% over the past eight days [1] - Huazhi City A's main business segments include tourism comprehensive services (72.15% of revenue), real estate (27.18%), and other services (0.67%) [1] - The company is located in Nanshan District, Shenzhen, Guangdong Province, and was established on September 2, 1997, with its stock listed on September 10, 1997 [1] Group 2 - The top circulating shareholder of Huazhi City A is the Fortune Fund, which has a fund that entered the top ten circulating shareholders, holding 52.1028 million shares, accounting for 0.76% of circulating shares [2] - The Fortune China Securities Tourism Theme ETF (159766) has generated a floating profit of approximately 7.2944 million yuan today and 13.5467 million yuan during the eight-day increase [2][3] - The fund was established on July 15, 2021, with a current scale of 2.955 billion yuan and has a year-to-date return of 3.82% [2] Group 3 - The Fortune China Securities Tourism Theme ETF (159766) holds Huazhi City A as its tenth largest heavy stock, with 52.1028 million shares, accounting for 3.97% of the fund's net value [3] - The fund manager, Cao Ludi, has been in position for 5 years and 121 days, with the best fund return during this period being 109% and the worst being -44.98% [2]

Quantitative Factors and Construction Methods - **Factor Name**: Large Buy Order Transaction Amount Ratio **Factor Construction Idea**: This factor captures the buying behavior of large funds by analyzing the proportion of large buy orders in the total transaction amount for a given day [7] **Factor Construction Process**: 1. Utilize tick-by-tick transaction data to reconstruct buy and sell order data based on the bid and ask sequence numbers [7] 2. Filter transactions based on order size to identify large orders [7] 3. Calculate the proportion of large buy order transaction amounts to the total transaction amount for the day [7] **Formula**: $ \text{Large Buy Order Transaction Amount Ratio} = \frac{\text{Large Buy Order Amount}}{\text{Total Transaction Amount}} $ **Factor Evaluation**: This factor effectively reflects the buying behavior of large funds [7] - **Factor Name**: Net Active Buy Transaction Amount Ratio **Factor Construction Idea**: This factor measures the active buying behavior of investors by analyzing the net active buy transaction amount as a proportion of the total transaction amount for a given day [7] **Factor Construction Process**: 1. Use tick-by-tick transaction data to classify each transaction as either active buy or active sell based on the buy/sell indicator [7] 2. Calculate the net active buy transaction amount by subtracting the active sell amount from the active buy amount [7] 3. Compute the proportion of the net active buy transaction amount to the total transaction amount for the day [7] **Formula**: $ \text{Net Active Buy Transaction Amount Ratio} = \frac{\text{Active Buy Amount} - \text{Active Sell Amount}}{\text{Total Transaction Amount}} $ **Factor Evaluation**: This factor provides insights into the active buying tendencies of investors [7] Factor Backtesting Results - **Large Buy Order Transaction Amount Ratio**: - Top 10 stocks with the highest 5-day average values: 1. Guofa Co., Ltd. (600538.SH): 86.5%, 97.9% time-series percentile [9] 2. Jilin Expressway (601518.SH): 86.3%, 82.3% time-series percentile [9] 3. Chongqing Iron & Steel (601005.SH): 85.8%, 83.1% time-series percentile [9] 4. Zijin Bank (601860.SH): 85.6%, 62.6% time-series percentile [9] 5. Jianyuan Trust (600816.SH): 85.5%, 90.5% time-series percentile [9] - **Net Active Buy Transaction Amount Ratio**: - Top 10 stocks with the highest 5-day average values: 1. Fangda Special Steel (600507.SH): 24.8%, 100.0% time-series percentile [10] 2. Liaogang Co., Ltd. (601880.SH): 18.3%, 95.1% time-series percentile [10] 3. Overseas Chinese Town A (000069.SZ): 17.6%, 99.6% time-series percentile [10] 4. Qixia Construction (600533.SH): 14.6%, 99.2% time-series percentile [10] 5. Wanwei High-Tech (600063.SH): 14.3%, 99.6% time-series percentile [10] Additional Results for Indices, Industries, and ETFs - **Indices**: - Large Buy Order Transaction Amount Ratio (5-day average): - Shanghai Composite Index: 74.2%, 25.1% time-series percentile [12] - CSI 300: 73.1%, 10.7% time-series percentile [12] - Net Active Buy Transaction Amount Ratio (5-day average): - Shanghai Composite Index: -4.3%, 95.5% time-series percentile [12] - CSI 300: -4.5%, 100.0% time-series percentile [12] - **Industries**: - Large Buy Order Transaction Amount Ratio (5-day average): - Steel: 80.6%, 46.9% time-series percentile [13] - Construction: 79.5%, 62.6% time-series percentile [13] - Net Active Buy Transaction Amount Ratio (5-day average): - Steel: 4.0%, 40.7% time-series percentile [13] - Construction: 2.4%, 70.8% time-series percentile [13] - **ETFs**: - Large Buy Order Transaction Amount Ratio (5-day average): - ChinaAMC SSE 50 ETF (510050.SH): 89.3%, 74.1% time-series percentile [15] - GF CSI All-Index IT ETF (159939.SZ): 89.2%, 54.3% time-series percentile [15] - Net Active Buy Transaction Amount Ratio (5-day average): - Huaan SSE STAR Chip ETF (588290.SH): 17.3%, 99.6% time-series percentile [16] - Harvest CSI Battery Theme ETF (562880.SH): 13.9%, 92.2% time-series percentile [16]

Sales Performance - In August 2025, the company achieved a contracted sales area of 72,000 square meters, representing a year-on-year decrease of 49% and a month-on-month decrease of 47% [1] - The contracted sales amount for August 2025 was 990 million yuan, down 57% year-on-year and down 41% compared to July [1] - From January to August 2025, the cumulative contracted sales area was 815,000 square meters, a year-on-year decrease of 6%, while the contracted sales amount totaled 12.17 billion yuan, a year-on-year decrease of 15% [1] Land Acquisition - There were no new land acquisitions in August 2025 [2] Tourism Business - The company continued to innovate in festival activities and amusement park scenarios to meet diverse and personalized tourist demands [3] - During the summer peak tourism season, the chain's Happy Valley hosted the "Summer Carnival" themed around music and amusement, enhancing visitor satisfaction through a variety of summer entertainment experiences [3] - In August 2025, the company's cultural tourism enterprises received a total of 9.46 million visitors, a year-on-year decrease of 6%, influenced by extreme weather conditions such as high temperatures and typhoons [3] - From January to August 2025, the total number of visitors to the company's cultural tourism enterprises was 55.05 million, remaining flat compared to the same period last year [4]