Core Points - The board of directors of Guangzhou Lingnan Group Holdings Co., Ltd. held its 18th meeting of the 11th session on August 26, 2025, where all members confirmed the authenticity and completeness of the disclosed information [1][2] - The board unanimously approved the 2025 semi-annual report, which was disclosed on the same day in various financial publications [1][2] - The board also approved an adjustment to the company's organizational structure to optimize management and align with strategic development needs [2] Summary by Categories Financial Reporting - The board approved the full text and summary of the 2025 semi-annual report, which was reviewed and passed with 3 votes in favor from the audit committee [1][2] Organizational Changes - The company will establish a management center with a large customer department and will no longer have a research and innovation center [2] - The archives previously under the Party and Mass Work Department will be transferred to the administrative office, while other organizational structures will remain unchanged [2]

Core Insights - The first city duty-free store in Guangzhou officially opened on August 26, marking a significant step in the city's development as an international consumption center [1] - This store is part of the first batch of city duty-free stores established following the Ministry of Finance's policy announcement in August 2024 [1][2] - The store features a dual-track model of "duty-free + taxable" products, covering key categories such as cosmetics, bags, jewelry, and high-end alcoholic beverages [1][3] Company and Industry Summary - The city duty-free store is a collaboration among major players including China Duty Free Group, Guangzhou Baiyun International Airport, and others, strategically located in a prime commercial area [1][2] - Consumers can shop in the city up to 60 days before departure, benefiting from a seamless "in-city ordering, port pickup" service without purchase limits, adhering to customs regulations [2] - The store offers promotional activities such as discounts up to 45% and membership rewards, enhancing customer engagement and shopping experience [3] - The integration of duty-free shopping with tourism and cultural experiences aims to create a vibrant commercial ecosystem, linking dining, accommodation, and cultural activities [3] - The Guangzhou Municipal Bureau of Commerce plans to enhance the product mix and service quality of city duty-free stores, positioning them as a new landmark for international consumption and trade [3]

Group 1 - The establishment of city duty-free shops in key business districts aims to meet consumer needs for dining, shopping, and entertainment [1] - The opening of city duty-free shops in Guangzhou and Shenzhen marks a significant step in the development of the duty-free industry in China [4] - The new city duty-free shops are primarily operated by state-owned enterprises, enhancing the availability of domestic products for outbound travelers [4] Group 2 - The city duty-free shops offer a mix of tax-free and taxable goods, including local specialty products and cultural items, to attract outbound travelers [1][4] - The recent trend of establishing city duty-free shops is supported by the implementation of the "Interim Measures for the Management of City Duty-Free Shops" [5] - Current limitations on pickup points for duty-free goods may affect consumer experience, with only Guangzhou Baiyun Airport serving as a pickup location for the Guangzhou store [5][6] Group 3 - The increase in foreign tourists visiting Guangzhou and Shenzhen is driven by policies such as the 240-hour visa-free transit, enhancing international market engagement [5] - Consumers express a desire for more flexible pickup options, including multiple locations within the city and cross-city delivery services [6]

Group 1 - The first duty-free store in Guangzhou officially opened on August 26, marking a significant step in implementing national duty-free policies and establishing Guangzhou as an international consumption center [1][2] - The store is a collaboration between China Duty Free Group, Guangzhou Baiyun International Airport, and two listed companies under Lingnan Group, showcasing a strategic partnership in the retail sector [1] - Located in the CBD of Tianhe District, the store aims to attract high-end consumers and international tourists, contributing to the economic growth of the Greater Bay Area [1] Group 2 - The duty-free store introduces an innovative shopping model combining "duty-free + taxable," "imported + domestic," and "offline + online," creating a diverse product matrix that includes beauty, jewelry, fashion, and high-end beverages [2] - The store features a departure tax refund service to stimulate outbound tourist spending and promote the return of overseas consumption, enhancing the global presence of domestic brands [2] - The opening day saw the launch of an autonomous driving service and a trial run of a direct bus service between Guangzhou and Hong Kong Airport, indicating a focus on improving transportation links for international travelers [2]

Group 1 - The first duty-free store in Guangzhou officially opened on the 26th, providing outbound travelers with a new experience of enjoying global duty-free goods without leaving the city [1] - The store is located in the core area of Tianhe District, near major city landmarks, and features a shopping model that combines "duty-free + taxable," "imported + domestic," and "offline + online" [1] - The product range includes beauty and skincare, watches and jewelry, bags and clothing, with highlights on domestic trendy products and electronic technology [1] Group 2 - The store offers a departure tax refund service and supports multi-currency cash payments, ensuring efficient payment services [1] - Consumers can shop in the city core up to 60 days before departure and enjoy integrated services such as "city order, port pickup," with no shopping limits as long as they comply with customs regulations [1] - On the opening day, Guangzhou Lingnan Group and Pony.ai launched an automated driving (Robotaxi) service, and a trial run of a direct bus service between Guangzhou and Hong Kong Airport was initiated [2]

Core Viewpoint - The report details the shareholding changes of Guangzhou Lingnan Group Holdings Co., Ltd. (referred to as Lingnan Holdings) due to a reduction in shares held by Guangzhou Industrial Investment Holdings Group Co., Ltd. (referred to as Guangzhou Investment), which has decreased its stake from 10.85% to 10.00% through a centralized bidding process [1][2][4]. Group 1: Shareholding Changes - Guangzhou Investment reduced its shareholding in Lingnan Holdings by 5,697,000 shares, representing a decrease of 0.85% of the total shares [4][6]. - Following the reduction, Guangzhou Investment now holds 67,020,838 shares, which constitutes 10.00% of Lingnan Holdings' total issued shares [4][6]. - The reduction in shares was executed between December 17, 2023, and August 25, 2025 [4][6]. Group 2: Purpose of Shareholding Change - The primary reason for the share reduction is attributed to Guangzhou Investment's need for liquidity [3][4]. - There are no plans or agreements disclosed regarding future increases or decreases in shareholding within the next 12 months [4][6]. Group 3: Compliance and Disclosure - Guangzhou Investment has confirmed that the report complies with the relevant laws and regulations, ensuring that there are no false statements or significant omissions [2][4]. - The report has been authorized and approved, and it does not conflict with any internal rules or articles of association [2][3].

Summary of Key Points Core Viewpoint - Guangzhou Lingnan Group Holdings Co., Ltd. announced a reduction in shareholding by its major shareholder, Guangzhou Industrial Investment Holdings Group Co., Ltd., which has decreased its stake by 5,697,000 shares, representing 10.00% of the company's total share capital, triggering a change in equity that touches the 1% threshold [1]. Group 1: Shareholding Changes - The major shareholder reduced its holdings from 7,271,783.8 shares (10.85%) to 6,702,083.8 shares (10.00%) [1]. - The reduction occurred through centralized bidding transactions between December 17, 2023, and August 25, 2025 [1]. Group 2: Compliance and Reporting - The company and its board of directors confirm that the information provided is true, accurate, and complete, with no false records or misleading statements [1]. - The announcement complies with the requirements of the Securities Law and relevant regulations regarding shareholder equity changes [2].

广州岭南集团控股股份有限公司（以下简称"公司"）于近日收到持股 5%以上股东广州产业投资控股集团有限公司（以下简称"广州产投"）出具的 《广州产业投资控股集团有限公司关于持股 5%以上股东权益变动触及 5%及 1% 整数倍的告知函》。在 2023 年 12 月 17 日至 2025 年 8 月 25 日期间，广州产 投通过集中竞价交易方式累计减持公司股份 5,697,000 股，占公司总股本比例 0.85%。本次权益变动后，广州产投持有公司股份 67,020,838 股，占公司总股 本比例 10.00%，触及权益变动 1%的整数倍。现将具体情况公告如下: 1. 基本情况 信息披露义务人 广州产业投资控股集团有限公司 住所 广州市天河区临江大道 3 号 901 房 权益变动时间 2023 年 12 月 17 日至 2025 年 8 月 25 日 股票简称 岭南控股 股票代码 000524.SZ 变动类型 （可多选） 增加□ 减少 一致行动人 有□ 无 是否为第一大股东或实际控制人 是□ 否 2. 本次权益变动情况 股份种类（A 股、B 股等） 增持/减持股数（万股） 增持/减持比例（%） A 股 569.700 ...

证券简称：岭南控股 证券代码：000524 公告编号：2025-037 号 广州岭南集团控股股份有限公司 简式权益变动报告书 | 上市公司名称： | 广州岭南集团控股股份有限公司 | | --- | --- | | 股票上市地点： | 深圳证券交易所 | | 股票简称： | 岭南控股 | | 股票代码： | 000524 | | 信息披露义务人： | 广州产业投资控股集团有限公司 | 住所： 广州市天河区临江大道 3 号 901 房（仅限办公用途） 通讯地址： 广州天河区临江大道 3 号发展中心 9 楼 股份变动性质： 减持股份（集中竞价交易），持股比例触及 10% 签署日期：2025 年 8 月 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称为《证券法》）、 《上市公司收购管理办法》、《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及相关的法律、法规的有关规定编制。 二、信息披露义务人签署本报告已获得必要的授权和批准，其履行亦不违反 信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定 ...

Core Viewpoint - Lingnan Holdings is expanding its duty-free business in Guangzhou by establishing a joint venture with China Duty Free Group, Guangzhou Baiyun International Airport, and Guangzhou Guangbai Co., Ltd. to operate city duty-free stores [2] Group 1: Company Initiatives - The company has formed a partnership to set up China Duty Free (Guangzhou) Co., Ltd. for the operation of city duty-free stores in Guangzhou [2] - As of May 2025, the registration procedures for the new company have been completed [2] - The initiative aims to leverage the policies supporting Guangzhou's development as an international consumption center [2] Group 2: Market Strategy - The company plans to quickly integrate supply chain resources through collaboration with its partners to enter the city duty-free market [2] - The strategy includes cultivating a "tourism + retail" business model and upgrading the "pan-tourism" industry ecosystem [2] - This move is intended to inject innovative momentum into the company's traditional main business [2]