Core Viewpoint - 九州通 has successfully completed the restructuring investment plan for Aoyuan Meigu, acquiring its core assets for 706 million yuan, marking a strategic entry into the medical beauty sector [1][2][4] Group 1: Company Overview - Aoyuan Meigu, established in 1993 and formerly known as Hubei Jinhui, transitioned into the medical beauty industry after being acquired by Aoyuan Group in 2020 [2] - The company primarily focuses on bio-based fibers and medical beauty services, operating two high-end medical beauty hospitals with over 330,000 members and 80,000 active members annually [2] - In 2024, Aoyuan Meigu's medical beauty business is projected to generate 624 million yuan in revenue, accounting for 57% of total revenue [2] Group 2: Financial and Operational Challenges - Aoyuan Meigu has faced continuous operating losses and a debt crisis, leading to its stock being marked with "delisting risk warning" in 2023 [2] - The company was unable to repay due debts, prompting creditors to apply for restructuring in November 2024, which was approved by the court in December [3][4] Group 3: Strategic Implications for 九州通 - 九州通, as a leading private pharmaceutical distribution company, has built a comprehensive supply chain service platform and has been involved in the medical beauty sector for over 10 years [5][6] - The acquisition of Aoyuan Meigu allows 九州通 to establish a full-chain layout from upstream procurement to downstream service terminals, enhancing its competitive edge [6][7] - The domestic medical beauty market has surpassed 300 billion yuan, with an annual growth rate exceeding 18%, presenting significant opportunities for 九州通 to leverage its supply chain and improve profitability [6][7]

Core Viewpoint - *ST Meigu has officially signed the "National Trust · Phoenix No. 22 Aoyuan Meigu Restructuring Service Trust Plan Trust Contract" and a series of supporting transfer agreements, marking the entry of its bankruptcy restructuring plan into the core execution phase [1][3]. Group 1: Restructuring Plan Details - The trust plan has a scale of 24.7519 million yuan, which will facilitate asset divestiture and trust operations to provide repayment channels for creditors, helping the company to overcome operational difficulties [4]. - The restructuring process began with a pre-restructuring procedure in November 2024, with the formal acceptance of the restructuring case by Xiangyang Intermediate Court on November 14, 2025, and the approval of the "Restructuring Plan" on December 16 of the same year [4][9]. - The plan involves divesting certain equity assets to a newly established trust platform company, with the platform's 100% equity and corresponding debts serving as trust property for the service trust [4][9]. Group 2: Trust Plan Structure - The trust is defined as a corporate bankruptcy service trust, with a term of 5 years that can be automatically extended for 12 months; the trust property includes equity (market value of 10,000 yuan) and debts (liquidation value of 24.7419 million yuan), corresponding to 24.7519 million trust shares [4][9]. - The management of trust property will adopt a "three-tier governance structure," with a beneficiary meeting as the highest decision-making body, and a management committee responsible for daily trust affairs [6][11]. Group 3: Asset Divestiture - *ST Meigu has completed the divestiture of three core assets: 23.6486% equity in Hubei Jinhui Green Fiber Co., Ltd. for 14.733 million yuan, 94% equity in Beijing Longyun Private Fund Management Co., Ltd. for 3.2242 million yuan, and 66% partnership share in Xiangyang Longyun Equity Investment Partnership for 6.7847 million yuan [5][10]. - Following these transfers, the three companies will no longer be included in *ST Meigu's consolidated financial statements [5][10]. Group 4: Future Outlook - Industry analysts view the establishment of the restructuring service trust as a key measure for *ST Meigu to resolve its debt crisis, achieving both debt repayment and business divestiture [12]. - The trust model provides creditors with a continuous income distribution channel and helps the listed company focus on its core business by divesting non-core assets [12]. - The financial situation of *ST Meigu is expected to improve as trust assets are gradually disposed of, although the effectiveness of the restructuring will depend on the operational efficiency of underlying assets and market conditions [12].

Group 1 - Longbai Group's subsidiary plans to introduce strategic investors and implement capital increase, with a total investment of 2 billion yuan, resulting in a 31.40% equity stake for the investors [1] - Upwind New Materials' embodied intelligent robot business is still in the product development stage and is not expected to positively impact the 2025 annual performance [2] - Kweichow Moutai's controlling shareholder has completed a share buyback plan, acquiring approximately 207.14 million shares for about 3 billion yuan, increasing their total stake to 56.63% [3] Group 2 - Xiamen Tungsten's subsidiary plans to acquire 100% equity of German Mimatic Tool Company for a base price of 10 million euros, with additional capital increase planned [4] - Longpan Technology's subsidiary will reduce production on some lithium iron phosphate production lines for maintenance, expecting a reduction of about 5,000 tons [5] - Wenkai Co. plans to invest 29 million yuan to establish a fund focused on strategic emerging industries [6] Group 3 - Limin Co.'s subsidiary has received a production license for "fluopyram" pesticide, which is expected to have a positive impact on future operations [7] - ST Huicheng received a cash donation of 30 million yuan from its restructuring investor to support its operations [8] - Baitong Energy's vice president plans to reduce holdings of up to 316,200 shares, representing 0.0686% of the total share capital [9] Group 4 - Wushang Group's shareholder did not execute a planned share reduction, retaining a 5.7% stake [10] - Zhangzidao's major shareholder plans to reduce holdings of up to 711,100 shares, representing 1% of the total share capital [11] - Meihua Bio plans to repurchase shares worth 35 million to 50 million yuan at a price not exceeding 15 yuan per share [12] Group 5 - Xiyang Co. plans to distribute a cash dividend of 1.10 yuan per 10 shares, totaling 181 million yuan, which is 10.37% of the net profit for the first three quarters of 2025 [13] - Weike Technology plans to distribute a cash dividend of 6 yuan per 10 shares, totaling approximately 75.15 million yuan [14] - Guoyuan Securities plans to transfer 24.33% of Anyuan Fund's equity for 813 million yuan [15] Group 6 - Three Gorges Tourism's subsidiary plans to purchase part of the property for the Three Gorges Cruise Center for 136 million yuan [16] - Wukuang Development plans to acquire equity in Wukuang Mining and Luzhong Mining, with stock suspension announced [17][18] - Sijia Technology plans to invest 275 million yuan to acquire 20% equity in Guangcai Xincheng [19] Group 7 - Changan Automobile plans to raise no more than 6 billion yuan through a private placement for new energy vehicle projects [20] - Shenjian Co. reported that its aerospace business revenue is relatively small, accounting for only 0.20% of total revenue [21] - Zhiyuan New Energy's controlling shareholder plans to reduce holdings of up to 1.53% of the company's shares [22] Group 8 - Beimo High-tech plans to raise no more than 1.97 billion yuan through a private placement for various projects [23] - Hongri Pharmaceutical's injectable thymosin has passed the consistency evaluation for generic drugs [24] - Ningbo Fangzheng plans to acquire 20% equity in Anhui Fangzheng for 63.8 million yuan [25] Group 9 - Spring Airlines signed a purchase agreement for 30 Airbus A320neo aircraft, with a total price not exceeding 4.128 billion USD [26][27] - Oulu Tong's controlling shareholder plans to reduce holdings of up to 1.91% of the company's shares [28] - Tongli Technology plans to invest 86.7 million yuan to increase capital in Zhuerkang Technology [29] Group 10 - Ganfeng Lithium received a notice of prosecution for suspected insider trading, but operations remain normal [30] - ST Dongyi completed its capital increase plan and will resume trading [31] - Tianpu Co. clarified that it has no plans to engage in artificial intelligence-related business [32] Group 11 - ST Meigu's restructuring plan has been completed, and it will apply to lift the delisting risk warning [33] - Unigroup Guowei is planning to acquire controlling or full equity of Ruineng Semiconductor, with stock suspension announced [34] - Shengtong Energy's stock has been suspended for investigation due to significant price fluctuations [35][36] Group 12 - ST Sansheng applied to lift the delisting risk warning after completing its restructuring plan [37] - Yuekang Pharmaceutical submitted an application for H-share listing on the Hong Kong Stock Exchange [38] - Miaokelando's controlling shareholder plans to increase holdings of 2.55 million to 5.10 million shares [39] Group 13 - SMIC plans to acquire 49% equity in SMIC North for 40.601 billion yuan, aiming to enhance asset quality and business synergy [40]

Core Viewpoint - 九州通医药集团股份有限公司's wholly-owned subsidiary, Hubei Jiuzhou Industrial Park Operation Management Co., Ltd., has successfully completed the restructuring investment in Aoyuan Meigu Technology Co., Ltd., with the restructuring plan approved and executed as of December 29, 2025 [4][10]. Group 1: Restructuring Investment Overview - On April 23, 2025, 九州通's subsidiary signed a restructuring investment agreement with Aoyuan Meigu and its temporary administrator, committing to invest CNY 673.2 million for 360 million shares post-restructuring [2][5]. - A supplementary agreement was signed on September 24, 2025, adjusting the investment plan, with the number of shares to be acquired increased to 435,930,312 shares for a total investment of CNY 706.207 million [6]. Group 2: Court Proceedings and Restructuring Plan - On November 14, 2025, the Xiangyang Intermediate People's Court accepted Aoyuan Meigu's restructuring application and appointed a management team [3][7]. - The court approved the restructuring plan on December 16, 2025, leading to the termination of the restructuring process [4][11]. - The restructuring process was officially concluded on December 29, 2025, with all obligations under the restructuring plan fulfilled [8][9]. Group 3: Impact on Company Operations and Financials - The restructuring investment aligns with the company's long-term strategic development, enhancing its core competitiveness and enabling collaboration in the beauty and health sector [10]. - The completion of the restructuring is not expected to have a significant short-term impact on the company's financial performance, and there are no adverse effects on the interests of the company and its shareholders [11].

Core Viewpoint - The company has completed its restructuring plan, which is expected to positively impact its financial status for the year 2025, with specific effects to be determined by the audited financial statements for that year [1] Group 1 - On December 29, 2025, the company received a civil ruling from the Intermediate People's Court of Xiangyang City, Hubei Province, terminating its restructuring process [1] - As of the date of the announcement, the company's restructuring plan has been fully executed [1] - The management has issued a supervision report on the execution status, and the law firm has provided a legal opinion confirming the completion of the restructuring plan [1] Group 2 - The completion of the restructuring plan is anticipated to have a positive effect on the company's financial condition for the fiscal year 2025 [1] - The specific financial impact will be based on the audited financial report data for the year 2025 [1]

奥园美谷科技股份有限公司 简式权益变动报告书 上市公司名称:奥园美谷科技股份有限公司 股票上市地点:深圳证券交易所 股票简称:*ST 美谷 股票代码:000615 信息披露义务人一名称:京汉控股集团有限公司 住所/通讯地址:北京市石景山区实兴东街 8 号院 1 号楼 信息披露义务人二名称:北京合力万通信息咨询中心(有限合伙)(一致行动入) 住所/通讯地址:北京市石景山区实兴东街 8 号院 1 号楼 信息披露义务人三名称:段亚娟(一致行动人) 住所/通讯地址:北京市石景山区实兴东街 8 号院 1 号楼 股份变动性质:持股数量不变,由于总股本增加导致持股比例被动稀释,累计减少超过上市 公司总股本的 5% 签署日期: 二〇二五年十二月二十九日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券法》《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》 及相关法律、行政法规、部门规章和规范性文件编写本报告书。 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的任何条款,或与之相冲突。 三、 ...

证券代码：000615 证券简称：*ST美谷 公告编号：2025-127 奥园美谷科技股份有限公司 关于持股 5%以上股东持股比例被动稀释触及 1%整数倍及跨 越 5%整数倍的提示性公告 深圳奥园科星投资有限公司、京汉控股集团有限公司及其一致行动人北 京合力万通信息咨询中心(有限合伙)、段亚娟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。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一 致。 一、本次股东的持股比例变动即权益变动的背景 2025 年 11 月 14 日，襄阳中院裁定受理公司重整案，并于同日指定奥园美 谷科技股份有限公司清算组担任奥园美谷科技股份有限公司管理人（以下简称 "管理人"）。具体内容详见公司于 2025 年 11 月 15 日披露在巨潮资讯网 （www.cninfo.com.cn，下同）的《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》。 2025 年 12 月 15 日，公司重整案第一次债权人会议审议通过了《奥园美谷 科技股份有限公司重整计划（草案）》和《奥园美谷科技股份有限公司重整案财 产管理及变价方 ...

奥园美谷科技股份有限公司 简式权益变动报告书 上市公司名称：奥园美谷科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：*ST美谷 股票代码：000615 信息披露义务人名称：深圳奥园科星投资有限公司 住所：深圳市南山区粤海街道科技园社区科技路9号桑达科技工业大厦102 通讯地址：深圳市南山区粤海街道科技园社区科技路9号桑达科技工业大厦102 股份变动性质：所持股份比例被动稀释 签署日期：二○二五年十二月 二十九 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券法》《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》 及相关法律、行政法规、部门规章和规范性文件编写本报告书。 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的任何条款,或与之相冲突。 三、依据《中华人民共和国公司法》《中华人民共和国证券法》《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》等规定,本报告 书已全面披露了信息披露义务人在奥园美谷科技股份有限公 ...

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