Group 1 - The company and its wholly-owned subsidiary, Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd., subscribed to 120 million shares of Zhangjiajie Tourism Group Co., Ltd. through self-owned funds, with a subscription amount of approximately 475 million yuan [1] - The company directly subscribed to 30 million shares with a lock-up period of 18 months, while Happy Sunshine subscribed to 90 million shares, also with a lock-up period of 18 months [1] - The total subscription by Dazhong Media and its subsidiaries amounted to 80 million shares, with an investment of approximately 317 million yuan [1] Group 2 - As of December 30, 2025, the share transfer procedures have been completed, and the company directly holds 30 million shares of Zhangjiajie Tourism Group, while Happy Sunshine holds 90 million shares, totaling 500 million shares, all of which are restricted shares with a lock-up period of 18 months [1]

Market Overview - As of December 30, the Shanghai Composite Index closed at 3965.1159 points, unchanged at 0% [1] - The Shenzhen Component Index rose by 0.49%, closing at 13604.067 points [1] Top Gainers in Hunan Stocks - *ST Zhanggu opened at 7.570 and closed at 7.570, with a gain of 4.99% [2] - *ST Gaosi opened at 8.230 and closed at 8.550, with a gain of 4.14% [2] - Mengjie Co., Ltd. opened at 3.910 and closed at 4.030, with a gain of 2.81% [2] - Keli'er opened at 13.390 and closed at 13.610, with a gain of 2.48% [2] - Changlan Technology opened at 18.310 and closed at 18.890, with a gain of 1.94% [2] Top Losers in Hunan Stocks - Hengli Tui opened at 0.160 and closed at 0.150, with a loss of 11.76% [3] - Dianguang Media opened at 11.580 and closed at 10.350, with a loss of 10.00% [3] - Boyun New Materials opened at 12.050 and closed at 11.720, with a loss of 4.95% [3] - Hunan Silver opened at 6.960 and closed at 6.990, with a loss of 3.98% [3] - *ST Biology opened at 9.190 and closed at 8.830, with a loss of 3.29% [3]

二、股份司法扣划情况 根据重整计划，资本公积转增股本用于向重整投资人及债权人分 配。具体分配方式由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通过司法扣划方式向重整投资人及债权人分 配。2025 年 12 月 30 日，公司收到中国证券登记结算有限公司深圳 分公司出具的《证券过户登记确认书》，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 392,345,440 股已经按照重整计划规 定向相关主体进行了相应司法扣划。本次转增股票司法扣划前，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持有公司 404,817,686 股，持股比例为 50.00%；本次转增股票司法扣划后，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持有公司 12,472,246 股，持股比例 1.54%。后续将继续根据重整计划相关规定， 待司法扣划条件成就后推进相关股份的司法扣划。 证券代码：000430 证券简称：*ST张股 公告编号：2025-078 张家界旅游集团股份有限公司 关于重整计划执行的进展公告 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 ...

张家界公告称，为执行重整计划，公司拟转增的4.05亿股股份已全部完成转增，总股本由4.05亿股增至 8.10亿股，转增股份于2025年12月26日登记至管理人专用账户。12月30日，专用账户3.92亿股已按重整 计划司法扣划，扣划前该账户持股50.00%，扣划后持股1.54%。后续将按规定推进剩余股份司法扣划， 股东权益变动详情见相关报告书。 ...

*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。 ...