证券代码：000430 证券简称：*ST张股 公告编号：2025-054 特别提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次会议审议议案均对中小投资者的表决单独计票。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开的日期、时间： 张家界旅游集团股份有限公司 现场会议时间为：2025 年 11 月 17 日 14:30 至 16:00 2025 年第二次临时股东会决议公告 网络投票时间为：2025 年 11 月 17 日 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。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025年 11月17日上午9:15－9:25、9:30－11:30，下午13:00－15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 11 月 17 日上午 9:15-下午 15:00 期间的任意时间。 2、现场会议地点：张家界国际大酒店二楼会议室。 3、会议的召开方式：本次股东会以现场投票与网络投票相结合 的方式召开。 4、会议召集人：公司董事会。 5、现场会议主持人：公司董事长张 ...

证券代码：000430 证券简称：*ST张股 公告编号：2025-052 张家界旅游集团股份有限公司 第十二届董事会 2025 年第六次临时会议决议公告 表决结果：9 票赞成，0 票反对，0 票弃权，表决通过。 特此公告。 张家界旅游集团股份有限公司董事会 2025 年 11 月 18 日 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。 张家界旅游集团股份有限公司（以下简称"公司"）第十二届董 事会 2025 年第六次临时会议以通讯表决方式于 2025 年 11 月 14 日召 开。公司董事会根据《公司章程》第一百三十二条"董事会召开临时 会议的通知采取专人送达、邮寄、传真、电子邮件方式，在会议召开 五日前送达全体董事。但是，如果全体董事在会议召开之前、之中或 者之后，共同或者单独批准，可以不经送达会议通知而召开董事会临 时会议。"规定，在本次董事会召开前获得全体董事批准，同意不经 送达会议通知而召开董事会。本次会议的召开符合《公司法》和《公 司章程》的有关规定。所议事项表决情况如下： 一、审议通过《关于公司及子公司拟与湖南建工集团有限公司达 成调解的议案》。 ...

Core Viewpoint - Zhangjiajie Tourism Group has signed a restructuring investment agreement with several investors, aiming to revitalize its operations by leveraging the unique tourism resources of the Zhangjiajie region [1][2] Group 1: Company Overview - Zhangjiajie Tourism Group is recognized for its stunning natural landscapes, often referred to as a "paradise on earth" [1] - The company is in a restructuring phase, collaborating with notable investors in the cultural, tourism, and entertainment sectors, including Hunan Electric Media, Mango Cultural Tourism, and Shenzhen Dacheng Caizhi [1] Group 2: Investment and Strategic Focus - The restructuring investment agreement includes key projects such as the Dayong Ancient City, which is crucial for the successful execution of the restructuring efforts [2] - The investment aims to integrate and enhance the tourism resources in the Zhangjiajie area, which have not yet been fully utilized by the listed company [2] Group 3: Expert Insights - Industry experts believe that the restructuring presents an opportunity for Zhangjiajie Tourism Group to transform its operations, particularly by shifting focus from heavy investment to operational efficiency and cultural integration [2] - The Dayong Ancient City project is expected to undergo significant changes, transitioning from a focus on physical development to cultural enrichment and collaborative marketing strategies [2]

Core Viewpoint - *ST Zhangjiajie has signed a restructuring investment agreement with three A-share companies, aiming to improve its financial situation and operational capabilities through capital restructuring and the establishment of a new operational company for the Duyong Ancient City project [1][3][8]. Group 1: Restructuring Investment - The restructuring investment involves eight companies, including three A-share listed companies: Electric Broadcasting Media, Mango Super Media, and Caesar Travel [1][3]. - The total number of shares to be transferred in the restructuring is 325 million, accounting for approximately 80.28% of the total share capital, with a total consideration of 1.287 billion yuan [1][5]. - The restructuring plan includes a capital reserve conversion to increase share capital, with specific share prices set at 3.96 yuan per share for various investors [3][4][5]. Group 2: Financial Performance - Zhangjiajie has faced continuous losses since 2020, with a projected net loss of 582 million yuan for 2024, largely attributed to the Duyong Ancient City project [2][7]. - In the first three quarters of 2025, Zhangjiajie reported revenue of 337 million yuan, an increase of 8.51% year-on-year, but still incurred a net loss of 22.4 million yuan [2][7]. - The third quarter of 2025 showed a revenue of 143 million yuan, up 4.82% year-on-year, with a significant net profit increase of 405.29% to 10.87 million yuan, primarily due to non-operating income [2][7]. Group 3: Duyong Ancient City Project - The Duyong Ancient City project, initiated in 2016, has faced significant financial challenges, with cumulative losses from 2021 to 2024 amounting to 596 million yuan [6][7]. - The project aims to undergo quality improvement and transformation through a joint venture with Electric Broadcasting Media, Mango Cultural Tourism, and Mango Super Media [8][9]. - The goal is to establish Duyong Ancient City as a base for Mango's film and television productions, enhancing its marketability and operational sustainability [8][9].

Group 1 - Mango Excellent Media (300413.SZ) announced plans to subscribe to 120 million shares of Zhanglv Group at a price of 3.96 yuan per share, which is 50% of the average trading price over the 60 days prior to the signing of the restructuring investment agreement, totaling approximately 475.2 million yuan [1] - The company will directly subscribe to 30 million shares with a lock-up period of 18 months, while its wholly-owned subsidiary, Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd., will subscribe to 90 million shares through a fund managed by Shenzhen Dacheng Caizhi Venture Capital Management Co., Ltd. [1] - The restructuring investment agreement was signed on November 13, 2025, with conditions for effectiveness [1] Group 2 - Electric Wide Media and its subsidiaries plan to subscribe to 80 million shares of Zhanglv Group, with an investment amount of approximately 316.8 million yuan [2] - Electric Wide Media and Hunan Mango Cultural Tourism Investment Co., Ltd. will directly subscribe to 30 million shares with an 18-month lock-up period [2] - The remaining 50 million shares will be subscribed through a fund managed by Dacheng Chuangtou and Dacheng Caizhi, also with an 18-month lock-up period [2]

Core Viewpoint - Caesar Travel Industry (000796.SZ) has formed a joint venture with Guangzhou Haina to participate as an industrial investor in the restructuring of Zhang Travel Group, which has been officially selected as the restructuring investor [1] Group 1: Investment Details - The joint venture, referred to as "Haina Caesar Joint Venture," will invest in Zhang Travel Group based on strategic layout, business synergy, and operational development considerations [1] - On November 13, 2025, a restructuring investment agreement was signed in Zhangjiajie City among Zhang Travel Group, the company, Haina Caesar, and the administrator [1] Group 2: Share Acquisition - The company and Haina Caesar will subscribe to 8 million shares generated from Zhang Travel Group's capital reserve conversion plan, with a price of 3.96 yuan per share [1] - The total consideration for the shares acquired by the company amounts to 15.84 million yuan for 4 million shares, with Haina Caesar also acquiring 4 million shares for the same total consideration [1]

Core Viewpoint - The company, in partnership with Guangzhou Haina, has signed a restructuring investment agreement with Zhangjiajie Tourism Group, aiming to enhance business synergy and facilitate transformation and upgrading [1] Group 1: Investment Details - The company and Haina will subscribe to 8 million shares generated from the capital reserve increase of Zhangjiajie Tourism Group, at a price of 3.96 yuan per share, totaling 31.68 million yuan [1] - The company will acquire 4 million shares for a consideration of 15.84 million yuan, with a lock-up period of 36 months [1] Group 2: Restructuring Process - The restructuring plan of Zhangjiajie Tourism Group requires approval through relevant meetings and court rulings [1] Group 3: Strategic Intent - The investment is aimed at achieving business synergy and promoting the company's transformation and upgrading [1]

Core Viewpoint - *ST Zhanggu (000430.SZ) has signed a restructuring investment agreement with several investors, indicating a strategic move towards financial recovery and operational restructuring [1] Group 1: Company Overview - The company has entered into a restructuring investment agreement with multiple parties, including Hunan Electric Media Co., Ltd., Hunan Mango Cultural Tourism Investment Co., Ltd., and others [1] - The agreement involves various investors such as Shenzhen Dacheng Caizhi Venture Capital Management Co., Ltd., Zhangjiajie Industrial Investment (Holding) Co., Ltd., and others, highlighting a collaborative effort for restructuring [1] Group 2: Industry Context - The involvement of multiple investment firms and media companies suggests a trend in the industry towards consolidation and strategic partnerships to enhance operational efficiency and financial stability [1]

| 证券代码：000430 | 证券简称：*ST张股 | 公告编号：2025-051 | | --- | --- | --- | | | 张家界旅游集团股份有限公司 | | | | 关于与部分重整投资人签署协议的公告 | | 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。 2025 年 11 月 3 日，张家界旅游集团股份有限公司（以下简称"张 旅集团"或"公司"）收到张家界市中级人民法院（以下简称"张家 界中院"）送达的（2024）湘 08 破申 12 号《民事裁定书》及（2025） 湘 08 破 4 号《决定书》，张家界中院于 2025 年 11 月 3 日裁定受理 张旅集团的重整申请，并于 2025 年 11 月 3 日指定张家界旅游集团股 份有限公司清算组担任管理人。相关情况详见公司于 2025 年 11 月 4 日披露的《张家界旅游集团股份有限公司关于法院裁定受理公司重整 并指定管理人暨公司股票交易将被叠加实施退市风险警示的公告》 （公告编号 2025-048）。 根据《深圳证券交易所上市公司自律监管指引第 14 号——破产 重整等事项》等相关规定， ...

Market Overview - On November 12, the Hunan state-owned enterprise reform sector rose by 0.21% compared to the previous trading day, with Huibo Pu leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Key stocks in the Hunan state-owned enterprise reform sector showed varied performance, with Huibo Yin (002554) closing at 3.84, up 5.21% with a trading volume of 1.3849 million shares and a turnover of 531 million yuan [1] - Other notable performers included *ST Shengwu (000504) with a closing price of 10.08, up 5.00%, and Yedian Weiji (696009) at 8.75, up 3.92% [1] Capital Flow - The Hunan state-owned enterprise reform sector experienced a net outflow of 316 million yuan from institutional investors, while retail investors saw a net inflow of 224 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Hunan Gold (002155) had a net inflow of 72.31 million yuan from institutional investors, while Huibo Yin (002554) saw a net inflow of 69.96 million yuan [3] - Conversely, Huibo Yin experienced a significant net outflow of 88.11 million yuan from retail investors, indicating a divergence in investor sentiment [3]