Core Viewpoint - Shenzhen's state-owned enterprise reform sector experienced significant stock price increases following the release of the "Shenzhen Action Plan for Promoting High-Quality Development of Mergers and Acquisitions (2025-2027)" [1] Group 1: Market Performance - On October 23, stocks such as JianKexuan surged by 20%, Shenzhen Water Planning Institute rose nearly 13%, and several other companies including Guangtian Group, TeFa Information, Shenzhen Saige, and Shenzhen Property A reached their daily limit [1] - The stock price changes for notable companies include: - JianKexuan: +20.02% at 20.74 - Shenzhen Water Planning Institute: +12.88% at 31.03 - Guangtian Group: +10.05% at 2.08 - TeFa Information: +10.04% at 10.41 - Shenzhen Saige: +10.04% at 11.18 - Shenzhen Property A: +10.03% at 11.30 [2] Group 2: Policy Implications - The action plan aims for a comprehensive improvement in the quality of listed companies by the end of 2027, targeting a total market capitalization of over 20 trillion yuan for domestic and foreign listed companies [1] - The plan includes the completion of over 200 merger projects with a total transaction value exceeding 100 billion yuan, along with the establishment of exemplary industry cases [1] - It emphasizes the creation of a merger fund matrix to cultivate outstanding merger fund managers, aiming to mobilize social capital to form a trillion-level "20+8" industrial fund cluster [1]

Group 1 - The company held its 34th meeting of the 9th Board of Directors on October 14, 2025, via communication, with all 8 directors participating in the voting [2][4] - The Board approved the amendment of the Articles of Association, which will be submitted to the shareholders' meeting for review [3][6] - The Board also approved the amendment of the Rules of Procedure for Board Meetings and the Rules of Procedure for Shareholder Meetings, both of which will require shareholder approval [5][8] Group 2 - The company plans to hold the second extraordinary shareholders' meeting on October 30, 2025, combining on-site voting and online voting [9][12] - The meeting will include proposals that require a special resolution, needing more than two-thirds of the voting rights held by attending shareholders to pass [13][18] - The company will provide a network platform for shareholders to participate in voting, with specific voting times outlined [20][23] Group 3 - The company approved the signing of a competitive business management agreement with its controlling shareholder, Shenzhen Special Zone Construction Group, for a period of three years [10][33] - The agreement aims to resolve competition issues between the company and its controlling shareholder, ensuring fair pricing and no harm to shareholder interests [44][50] - The management fee for the agreement is set at 1 million yuan per year, and the agreement can be extended upon mutual consent [49][50] Group 4 - The independent directors and the supervisory board both approved the competitive business management agreement, emphasizing its alignment with the company's business needs and legal compliance [52][54] - The agreement allows the company to manage certain subsidiaries while maintaining the controlling shareholder's rights [45][46] - The company has engaged in non-routine related transactions with the controlling shareholder totaling 40.37 million yuan in the past 12 months, representing 0.28% of the latest audited net assets [51]

Core Points - Shenzhen Tianjian Group Co., Ltd. has announced amendments to its Articles of Association to enhance corporate governance and comply with regulatory requirements [1][3] Summary by Sections Company Rights and Governance - The revised Articles of Association explicitly include the protection of employee rights alongside those of the company, shareholders, and creditors [2] - Adjustments have been made to the party organization structure, detailing its role in major decision-making processes and emphasizing the principle of party management over personnel [2] Company Information Updates - The registration authority has been updated from "Shenzhen Administration for Industry and Commerce" to "Shenzhen Market Supervision Administration" [2] - The registered capital has been revised from "186,854.5434 million yuan" to "1,868,545,434 yuan" [2] - The chairman is now explicitly stated as the legal representative of the company [2] Shareholder and Shareholder Meeting Provisions - The term "Shareholders' Meeting" has been changed to "Shareholders' Assembly" in multiple instances [2] - Detailed provisions regarding shareholders' rights to access and copy company materials have been clarified [2] - Adjustments have been made to the powers of the shareholders' assembly, including standards for reviewing significant asset transactions [2] Board of Directors Regulations - The section on the board has been renamed to "Directors and Board of Directors," clarifying the qualifications and duties of directors [2] - Independent director regulations have been specified, including conditions for appointment and responsibilities [2] - Establishment of specialized committees within the board, such as the audit committee and nomination committee, with defined responsibilities [2] Senior Management Provisions - The section on "President and Other Senior Management" has been updated to "Senior Management," clarifying the scope of senior management roles [2] - New accountability measures for senior management regarding unfulfilled commitments have been introduced [2] Other Amendments - Revisions have been made to profit distribution policies, internal audit systems, and the hiring and dismissal of accounting firms [2] - General standardization of terminology and phrasing throughout the Articles of Association has been implemented [2]

Core Viewpoint - Tianjian Group (000090.SZ) has agreed to sign a "Management Entrustment Agreement" with Shenzhen Special Zone Construction Group Co., Ltd. for a three-year term, which aims to resolve competition issues between the two companies and is in the interest of the company and all shareholders [1] Summary by Relevant Sections - **Management Agreement**: The agreement involves Tianjian Group providing management services and receiving management fees, without enjoying the operational profits or bearing the losses of the entrusted enterprise [1] - **Impact on Financials**: There will be no transfer of asset ownership, and the agreement will not lead to changes in the scope of the company's consolidated financial statements, thus not significantly affecting the company's current operations [1]

格隆汇10月14日丨天健集团(000090.SZ)公布，董事会同意与深圳市特区建工集团有限公司（简称"特区 建工集团"）签署《委托经营管理协议》，委托期限三年。本次关联交易有助于解决特区建工集团与公 司间的同业竞争问题，符合公司和全体股东的利益。本次委托管理事项公司仅提供托管服务并收取管理 费，不享受托管企业经营收益或承担经营亏损，不发生任何资产权属的转移，不会导致公司合并报表范 围变更，对公司当期生产经营不会产生重大影响。 ...

Group 1 - The company Tianjian Group (SZ 000090) held its 34th meeting of the 9th Board of Directors on October 14, 2025, via communication methods, where it reviewed the proposal to amend the "Board Meeting Rules" [1] - For the first half of 2025, the revenue composition of Tianjian Group was as follows: construction industry accounted for 60.72%, real estate development and operation accounted for 37.52%, other industries accounted for 11.08%, property leasing accounted for 3.04%, and shantytown renovation project management services accounted for 0.14% [1] - As of the time of reporting, Tianjian Group's market capitalization was 7.1 billion yuan [1]

深圳市天健（集团）股份有限公司 《股东会议事规则》修订对照表 | | 第十七条 股东大会拟讨论董事、监事选举事项的，股东大 会通知中应当充分披露董事、监事候选人的详细资料，至少包括 | 第十八条 股东会拟讨论董事选举事项的，股东会通知中 应当充分披露董事候选人的详细资料，至少包括以下内容： | | | --- | --- | --- | --- | | | 以下内容： （一）教育背景、工作经历、兼职等个人情况； | （一）教育背景、工作经历、兼职等个人情况； （二）与公司或者其控股股东及实际控制人是否存在关 | | | 12 | （二）与公司或其控股股东及实际控制人是否存在关联关 系； | 联关系； | 根据《中国证监会上 市公司股东会规则》 | | | （三）披露持有公司股份数量； | （三）持有公司股份数量； （四）是否受过中国证监会及其他有关部门的处罚和证 | 进行修改 | | | （四）是否受过中国证监会及其他有关部门的处罚和证券交 | 券交易所惩戒。 | | | | 易所惩戒。 除采取累积投票制选举董事、监事外，每位董事、监事候选 | 除采取累积投票制选举董事外，每位董事候选人应当以 单项提案提出。 ...

深圳市天健（集团）股份有限公司 董事会议事规则 （公告编号：2025-62） 2025年10月 | | | | | | 第一章 总则 第一条 为规范深圳市天健（集团）股份有限公司（以下简 称"公司"）董事会议事、决策程序，提高董事会的工作效率和科 学决策水平，公司根据《中华人民共和国公司法》《上市公司治 理准则》《深圳市证券交易所股票上市规则》《深圳市天健（集 团）股份有限公司章程》和其他相关法律、法规的规定，结合企 业实际，制定本规则。 第二条 董事会应认真履行有关法律、法规和公司章程规定 的职责，确保公司遵守法律、法规和《公司章程》的规定，公平 对待所有股东，并关注其他利益相关者的利益。 第三条 董事会办公室是董事会的日常办事机构，具体负责董 事会的日常事务。 第二章 董事会的组成及相关事项 第一节 董事会整体情况 第四条 公司设董事会，董事会由9名董事组成。其中3人为 独立董事，1人为职工董事。设董事长1人，不设副董事长。董事 长由董事会以全体董事的过半数选举产生。 第五条 公司董事会设立审计委员会，并根据需要设立战略 与预算委员会、提名委员会、薪酬与考核委员会等专门委员会。 专门委员会成员全部由董事组 ...

深圳市天健（集团）股份有限公司 《董事会议事规则》修订对照表 | 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 | | --- | | 序号 | 修订前 | 修订后 | 修订依据 | | --- | --- | --- | --- | | | 第一条 为规范深圳市天健（集团）股份有限公司（以下简称"公司"） | 第一条 为规范深圳市天健（集团）股份有限公司（以下 | | | | 董事会议事、决策程序，提高董事会的工作效率和科学决策水平，公 | 简称"公司"）董事会议事、决策程序，提高董事会的工作 | 综合参考《上市公司 | | | 司根据《中华人民共和国公司法》、中国证监会《上市公司治理准 | 效率和科学决策水平，公司根据《中华人民共和国公司 | 股东会议事规则》 | | 1 | 则》、《关于在上市公司建立独立董事制度指导意见》、《深圳市证 | 法》《上市公司治理准则》《深圳市证券交易所股票上市 | 《公司章程》，进行 | | | 券交易所股票上市规则》、《深圳市天健（集团）股份有限公司章 | 规则》《深圳市天健（集团）股份有限公司章程》和其他 | 修改 | ...

深圳市天健（集团）股份有限公司章程 （公告编号：2025-61） 2025 年 10 月 | | | | | | | | | 第一章 总则 第一条 为维护深圳市天健（集团）股份有限公司（以下 简称公司、本公司）、股东、职工和债权人的合法权益，规范 公司的组织和行为，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》）和其他有关规定，制定本章程。 第二条 公司系依照《深圳经济特区股份有限公司条例》 和其他有关规定成立的股份有限公司。 公司经深圳市人民政府深府办复﹝1993﹞662 号文《关于 设立深圳市市政股份有限公司的批复》和深府办复﹝1993﹞ 773 号文《关于同意保留深圳市市政工程公司独立法人地位及 公司名称的批复》批准，以募集方式设立；在深圳市市场监督 管 理 局 注 册 登 记 ， 取 得 营 业 执 照 ， 统 一 社 会 信 用 代 码 91440300192251874W。 第三条 公司于 1999 年 7 月 1 日经中国证券监督管理委 员会（以下简称中国证监会）批准，首次向社会公众发行人民 币普通股 5,800 万股（全部为向境内投资人发行 ...