*ST张股公告，截至公告日，公司为执行重整计划拟转增的4.05亿股股份已全部完成转增，其中3.66亿 股为首发后限售股，3881.77万股为无限售条件流通股。公司总股本由4.05亿股增至8.1亿股。上述4.05亿 股转增股份已于2025年12月26日全部登记至管理人开立的张家界旅游集团股份有限公司破产企业财产处 置专用账户。 ...

Market Overview - As of December 29, the Shanghai Composite Index rose by 0.04%, closing at 3965.2796 points, while the Shenzhen Component Index fell by 0.49%, closing at 13537.097 points [1] Top Gainers in Hunan Stocks - Electric Broadcaster Media opened at 10.690 and closed at 11.500, achieving a daily increase of 10.05% with a trading volume of 612,127 lots [2] - Tuo Wei Information opened at 31.880 and closed at 33.770, marking a daily rise of 10.00% with a trading volume of 1,773,446 lots [2] - Hunan Silver opened at 7.200 and closed at 7.280, with a daily increase of 7.22% and a trading volume of 4,940,342 lots [2] - *ST Zhang Gu opened and closed at 7.210, rising by 4.95% with a trading volume of 1,480 lots [2] - Tai Jia Co., Ltd. opened at 21.000 and closed at 20.730, increasing by 3.03% with a trading volume of 322,452 lots [2] Top Losers in Hunan Stocks - Hengli Tui opened at 0.160 and closed at 0.150, experiencing a decline of 11.76% with a trading volume of 611,606 lots [3] - Yuhuan CNC opened at 24.120 and closed at 23.360, falling by 5.08% with a trading volume of 217,547 lots [3] - Youa Co., Ltd. opened at 7.170 and closed at 6.940, decreasing by 3.61% with a trading volume of 462,387 lots [3] - Tongcheng Holdings opened at 6.800 and closed at 6.570, down by 2.95% with a trading volume of 263,556 lots [3] - Bubugao opened at 5.510 and closed at 5.370, declining by 2.36% with a trading volume of 1,544,903 lots [3]

Core Viewpoint - Recently, Zhangjiajie Mango Cultural Tourism Co., Ltd. was established with a registered capital of 180 million yuan, focusing on various services including internet information services, construction design, construction services, and catering [1] Company Summary - Zhangjiajie Mango Cultural Tourism Co., Ltd. has a registered capital of 180 million yuan [1] - The company is co-owned by Mango Excellent Media (300413), Electric Broad Media (000917), and *ST Zhang (000430) [1]

Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. is progressing with its capital reserve conversion plan as part of its restructuring, with stock resumption scheduled for December 29, 2025 [2][5]. Group 1: Capital Reserve Conversion Progress - The company has completed the conversion of 404,817,686 shares, increasing its total share capital from 404,817,686 shares to 809,635,372 shares [3][13]. - Of the converted shares, 366,000,000 are restricted shares post-initial public offering, and 38,817,686 are freely tradable shares [3][14]. - The converted shares are registered in a special account for the bankruptcy asset disposal of Zhangjiajie Tourism Group [3]. Group 2: Stock Resumption and Price Adjustment - The company's stock will resume trading on December 29, 2025, after being suspended on December 26, 2025, for the capital reserve conversion [5][17]. - The closing price on the last trading day before the suspension was 7.90 yuan per share, which is higher than the average conversion price of 5.84 yuan per share, leading to an adjusted opening reference price of 6.87 yuan per share on the resumption date [2][10][22]. Group 3: Restructuring Plan Approval - The restructuring plan has been approved by the court, allowing the company to enter the execution phase of the plan [11][12]. - The restructuring plan includes provisions for converting capital reserves into shares, with specific allocations for debt repayment and attracting investors [14][21].

Major Announcements - Daye Co., Ltd. states that its robotic tendon products are not yet in mass production and have not generated substantial revenue [9] - Shandong Road and Bridge's subsidiary won a construction project for the Yiyuan to Zoucheng expressway with a total bid price of approximately 94.02 billion yuan [14][15] - ST Chang Pharmaceutical's stock will be subject to a delisting risk warning starting December 29, 2025, due to negative net assets and false reporting in annual reports from 2021 to 2023 [8] Company Specific Updates - Yongding Co., Ltd. clarifies that it does not directly manufacture controllable nuclear fusion devices but provides materials for the winding of magnetic coils; its revenue from related activities is less than 1% of total revenue and is currently unprofitable [1] - Reascend Technology reports that it has no current orders for high-silicon oxide fiber products, and future order acquisition is highly uncertain; revenue from aerospace-related products is only about 0.5% of total revenue [2] - China Duty Free Group's subsidiary won a bid for the Beijing Capital International Airport duty-free project with a guaranteed operating fee of 480 million yuan for the first year [3] - XWANDA's subsidiary is involved in a lawsuit with a claim amount of approximately 2.314 billion yuan related to quality issues in battery cells delivered between June 2021 and December 2023 [4] - Zhejiang Rongtai plans to establish a joint venture in Thailand with Weichuang Electric to develop mechatronic systems for smart robots [5] - Defu Technology extends the deadline for acquiring shares in a Luxembourg copper foil company to January 9, 2026 [6][7] - Xinke Mobile states that its revenue from satellite internet is minimal and does not significantly impact overall performance [10] - Daya Intelligent received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations [11] Investment and Financial Updates - Guangdong Construction's subsidiary signed a framework agreement for a green methanol project with an estimated total investment of about 6 billion yuan [13] - XCMG Machinery's controlling shareholder plans to increase its stake by no less than 80 million yuan [18] - ST Guohua's major shareholder increased its stake to 26% without triggering mandatory tender offer obligations [19] - ST Zhanggu's stock will resume trading on December 29, 2025, following a capital increase from a restructuring plan [20] - Tianchuang Fashion's controlling shareholder will change to Anhui Xianrui, with stock resuming trading on December 29, 2025 [21]

格隆汇12月26日丨*ST张股(000430.SZ)公布，截至本公告披露日，公司执行《张家界旅游集团股份有限 公司及其子公司重整计划》转增的404,817,686股股票已全部转增完毕，公司总股本由404,817,686股增至 809,635,372股。股票（证券简称：*ST张股，证券代码：000430）将于2025年12月29日（星期一）开市 起复牌。 ...

证券代码：000430 证券简称：*ST张股 公告编号：2025-077 张家界旅游集团股份有限公司 关于资本公积转增股本实施后首个交易日 开盘参考价调整的提示公告 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。 特别提示： 张家界旅游集团股份有限公司（以下简称"公司"）于 2025 年 12 月 25 日披露了《关于重整计划资本公积转增股本事项实施的公告》 （公告编号：2025-073），公司本次重整资本公积转增股本的平均价 为 5.84 元/股。如果股权登记日公司股票收盘价高于本次重整公司资 本公积转增股本的平均价 5.84 元/股，公司股票按照前述拟调整后的 除权（息）参考价于股权登记日次一交易日调整开盘参考价，股权登 记日次一交易日证券买卖，按上述开盘参考价格作为计算涨跌幅度的 基准；如果股权登记日公司股票收盘价低于或等于本次重整公司资本 公积转增股本的平均价 5.84 元/股，公司股权登记日次一交易日的股 票开盘参考价无需调整。 鉴于本次资本公积转增股本股权登记日当日（2025 年 12 月 26 日）公司股票停牌，股权登记日公司股票收盘价为股权登记 ...

证券代码：000430 证券简称：*ST张股 公告编号：2025-076 张家界旅游集团股份有限公司 一、资本公积转增股本事项的实施进展 截至本公告披露日，公司为执行《重整计划》转增的 404,817,686 股股票已全部完成转增，其中 366,000,000 股为首发后限售股， 38,817,686 股为无限售流通股，公司总股本由 404,817,686 股增至 809,635,372 股。上述 404,817,686 股转增股票已全部登记至管理人 开立的张家界旅游集团股份有限公司破产企业财产处置专用账户。本 次登记至张家界旅游集团股份有限公司破产企业财产处置专用账户 的股票，后续将根据《重整计划》的规定，划转至重整投资人及债权 人的指定证券账户。 本次资本公积转增股本属于《重整计划》的一部分，与一般情形 下的上市公司资本公积转增股本或配股存在明显差异，根据《深圳证 券交易所交易规则（2023 年修订）》第 4.4.2 条的规定，公司对除 权参考价格计算公式进行了调整。鉴于本次资本公积转增股本股权登 记日当日（2025 年 12 月 26 日）公司股票停牌，股权登记日公司股 票收盘价为股权登记日前一交易日（ ...

Group 1 - The company announced that its restructuring plan was approved by the court on December 16, 2025 [1] - The total share capital will increase from 404,817,686 shares to 809,635,372 shares due to a 1-for-1 stock increase [1] - Of the newly issued shares, 366,000,000 shares will be allocated to restructuring investors, raising funds of 1.586 billion yuan, while 38,817,686 shares will be used for debt repayment [1] Group 2 - The stock will be suspended from trading on December 26, with the closing price on December 25 being 7.90 yuan per share, which is higher than the average price of the increased shares at 5.84 yuan per share [1] - The adjusted opening reference price after the stock increase will be 6.87 yuan per share [1]

财信证券股份有限公司 关于张家界旅游集团股份有限公司 调整资本公积转增股本除权参考价格计算结果的专项意见 2025 年 11 月 3 日，张家界旅游集团股份有限公司（以下简称"张旅集团公 司"或"公司"）收到湖南省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》和（2025）湘 08 破 4 号之一《决 定书》，张家界中院裁定受理公司重整，并指定张家界旅游集团股份有限公司清 算组为重整管理人。 2025 年 11 月 13 日，张旅集团公司、管理人与湖南电广传媒股份有限公司 （以下简称"电广传媒"）、湖南芒果文旅投资有限公司（以下简称"芒果文旅"）、 芒果超媒股份有限公司（以下简称"芒果超媒"）、深圳市达晨财智创业投资管 理有限公司（以下简称"达晨财智"）、张家界产业投资（控股）有限公司（以 下简称"张家界产投公司"）、共青城吉富清园投资合伙企业（有限合伙）（以 下简称"吉富清园"）、凯撒同盛发展股份有限公司（以下简称"凯撒旅业"）、 广州凯撒海纳投资合伙企业（有限合伙）（以下简称"凯撒海纳"）等重整投资 人签署《重整投资协议》。2025 年 11 月 ...