Core Viewpoint - The company reported significant declines in both revenue and net profit for the first half of 2025, indicating severe financial challenges [1] Financial Performance - The company achieved operating revenue of 772 million yuan in the first half of 2025, a year-on-year decrease of 50.97% [1] - The net profit for the same period was -161 million yuan, reflecting a year-on-year decline of 432.51% [1] - The basic earnings per share were -0.0275 yuan [1] - The weighted average return on equity (ROE) was -3.33% [1]

Core Viewpoint - Yingxin Development is transforming into a comprehensive cultural tourism platform operator through strategic adjustments in "real estate + cultural tourism + technology" [1] Group 1: Company Strategy and Developments - Yingxin Development has undergone a brand renewal and operational innovation, enhancing brand awareness and influence, and was recognized as one of the top 100 cultural tourism brands in 2024 [1] - The company is actively pursuing a deep integration of cultural tourism and sports, exemplified by its role as the title sponsor for "Ganchao" [1] - The launch of the "Kiln Fire Volunteer" model at the Copper Official Kiln scenic area aims to combine efficiency with public welfare, enhancing community service capabilities and injecting vitality into regional development [2] Group 2: Financial Performance and Market Position - In the first half of 2025, the Copper Official Kiln National Style Park achieved growth in both visitor numbers and revenue, with site ratings exceeding 4.7 [2] - The company has implemented marketing strategies to revitalize existing assets and enhance project competitiveness, including a successful debt conversion for the Hainan Xiangshui Bay project, with an estimated market value of over 20 billion yuan for new products [3] Group 3: Future Outlook and Goals - Yingxin Development plans to focus on improving operational performance, innovating cultural tourism operations, and enhancing industry integration in the second half of the year [4] - The company aims to achieve high-quality development by advancing its strategic planning towards "solidifying the foundation of real estate, shaping the soul of cultural tourism, and exploring new quality without boundaries" [4]

Group 1 - The company held its 11th Supervisory Board's 8th meeting on August 28, 2025, with all three supervisors present, confirming compliance with relevant regulations and the company's articles of association [1] - The Supervisory Board approved the 2025 semi-annual report, stating that the report accurately reflects the company's actual situation without any false records or significant omissions [1][2] - The voting result for the semi-annual report was 3 votes in favor, 0 against, and 0 abstentions [2] Group 2 - The Supervisory Board approved adjustments to the 2025 stock option incentive plan, reducing the number of initial incentive recipients from 90 to 87 and the number of stock options from 40.8 million to 40 million, while increasing the reserved stock options from 9.2 million to 10 million [2][3] - The voting result for the adjustment of the stock option incentive plan was 3 votes in favor, 0 against, and 0 abstentions [3] Group 3 - The Supervisory Board approved the initial grant of stock options to 87 eligible incentive recipients, confirming that all recipients meet the necessary qualifications and conditions as per relevant laws and regulations [3][4] - The initial grant date for the stock options is set for August 28, 2025, with an exercise price of 1.66 yuan per share for a total of 40 million stock options [4][5] - The voting result for the initial grant of stock options was 3 votes in favor, 0 against, and 0 abstentions [5]

Group 1 - The company has adjusted the 2025 stock option incentive plan, reducing the number of initial grant recipients from 90 to 87 and the number of stock options from 40.8 million to 40 million, while increasing the reserved stock options from 9.2 million to 10 million [1][2] - The adjustments comply with relevant laws and regulations, including the Company Law and Securities Law, and do not harm the interests of the company or its shareholders [1][2] - The first grant date for the stock options is set for August 28, 2025, with an exercise price of 1.66 yuan per share for the 87 eligible recipients [2] Group 2 - All 87 recipients of the stock options meet the qualifications set forth in the incentive plan and have not been deemed inappropriate candidates by regulatory bodies in the past 12 months [2] - The monitoring committee has unanimously agreed that the adjustments to the stock option incentive plan and the initial grant of stock options are legal, compliant, and beneficial for the company's ongoing development [2]

北京铜官盈新文化旅游发展股份有限公司 董事会薪酬与考核委员会关于调整 2025 年股票期权激励计划 相关事项及首次授予股票期权的核查意见 北京铜官盈新文化旅游发展股份有限公司（以下简称"公司"） 董事会薪酬 与考核委员会依据《中华人民共和国公司法》（以下简称"《公司法》"）《中华 人民共和国证券法》 （以下简称"《证券法》"） 《上市公司股权激励管理办法》 （以 下简称"《管理办法》"）等有关法律、法规和规范性文件以及《北京铜官盈新 文化旅游发展股份有限公司章程》 （以下简称"《公司章程》"）的规定，对公司 调整 2025 年股票期权激励计划相关事项及首次授予股票期权进行了核查，现发表 核查意见如下： 一、关于调整 2025 年股票期权激励计划相关事项的核查意见 鉴于公司激励计划首次授予的激励对象名单中，有 3 名激励对象因岗位调整、 调出公司、个人自愿放弃认购等原因不再纳入激励对象范围，因此，根据激励计 划的有关规定和公司 2025 年第一次临时股东会的授权，董事会对股权激励计划首 次授予激励对象人数及授予权益数量进行调整。本次激励计划拟首次授予的激励 对象由 90 名调整为 87 名，首次授予的股票期权数 ...

Core Viewpoint - The legal opinion letter confirms that the adjustments to the 2025 stock option incentive plan and the initial grant of stock options by Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd. have received necessary approvals and comply with relevant laws and regulations [9][12]. Summary by Relevant Sections Legal Framework - The law firm has been appointed as a special legal advisor to the company regarding the adjustments to the stock option incentive plan and the initial grant of stock options, in accordance with the Company Law, Securities Law, and other regulatory guidelines [2][4]. Approval Process - The adjustments and initial grants have been approved by the company's shareholders, with over two-thirds of voting rights in favor of the relevant proposals [8]. - The company has publicly disclosed the names and positions of the proposed incentive recipients during the designated public notice period, with no objections received [7][9]. Adjustments to Incentive Recipients - The number of incentive recipients has been adjusted from 90 to 87 due to changes in personnel and voluntary withdrawals [10][12]. - The total number of stock options to be granted in the initial award is 40 million, with an exercise price set at 1.66 yuan per share [12]. Compliance and Conditions - The legal opinion asserts that all conditions for granting stock options have been met, including the absence of disqualifying events for both the company and the incentive recipients [11][12]. - The initial grant date has been determined as August 28, 2025, which aligns with regulatory requirements [11][12]. Conclusion - The legal opinion concludes that the adjustments and initial grants are legally valid and effective, and the company must fulfill its disclosure obligations and complete the necessary registration for the stock options [13].

Group 1 - The document lists the names and positions of mid-to-senior management personnel and core technical (business) backbones of Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd [1] - The ranking of the individuals mentioned is not in any particular order [1] - The document is issued by the board of directors of Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd [1]

Core Viewpoint - The company has approved the initial grant of stock options under the 2025 Stock Option Incentive Plan, granting 40 million stock options to 87 eligible participants, with a strike price of 1.66 yuan per option [1][2][10]. Summary by Relevant Sections Stock Option Incentive Plan Overview - The incentive plan involves stock options as the incentive tool, with stock sourced from a directed issuance of A-shares or repurchased shares from the secondary market [1][2]. - The total number of stock options granted is 40 million, distributed among 87 participants, including middle and senior management and key technical personnel [1][2][10]. Granting Conditions and Procedures - The granting conditions have been met as per the plan, and the board has authorized the grant date as August 28, 2025 [1][10]. - The plan has undergone necessary decision-making procedures, including approval from the board and supervisory committee [8][10]. Distribution of Stock Options - The distribution of stock options is as follows: 31.5 million options (63%) to middle management, 9.3 million options (18.6%) to key technical personnel, and 9.2 million options (18.4%) reserved [2][10]. - The total options granted do not exceed 1% of the company's total share capital at the time of the plan's announcement [2][10]. Exercise Conditions and Performance Assessment - The options have a maximum validity of 48 months, with a waiting period of 12 months for the first grant and 24 months for reserved options [4][5]. - Performance targets for the first two years are set at 770 million yuan and 840 million yuan for 2025 and 2026, respectively, with specific conditions for exercising the options based on company performance [5][7]. Financial Impact and Cost Estimation - The estimated total cost for the stock options is 8.0859 million yuan, which will be amortized over the exercise period [13][14]. - The incentive plan is expected to positively impact the company's long-term performance by enhancing employee motivation and operational efficiency [14]. Legal Compliance and Approval - The plan has been reviewed and approved by legal counsel, confirming compliance with relevant laws and regulations [15][17]. - The company has ensured that all participants meet the eligibility criteria set forth in the incentive plan [15][17].

Core Viewpoint - The company has adjusted its 2025 stock option incentive plan, reducing the number of initial grant recipients and the total number of stock options to be granted, while ensuring compliance with relevant regulations and maintaining the plan's overall integrity [1][3][5]. Group 1: Decision Process and Disclosure - The company has followed the necessary decision-making procedures and disclosed information regarding the adjustment of the 2025 stock option incentive plan [1]. - The board and supervisory committee have reviewed and approved the relevant proposals related to the stock option incentive plan [2][3]. Group 2: Adjustments to the Incentive Plan - The number of initial grant recipients has been reduced from 90 to 87 due to reasons such as job changes and voluntary withdrawal [3][5]. - The total number of stock options to be granted has been adjusted from 40.8 million to 40 million, while the reserved stock options have increased from 9.2 million to 10 million [3][5]. Group 3: Impact of Adjustments - The adjustments made to the incentive plan are in accordance with the relevant laws and regulations and will not have a substantial impact on the company's financial status or operational results [4][5]. Group 4: Opinions from Committees - The remuneration and assessment committee, along with the supervisory committee, have expressed their agreement with the adjustments made to the incentive plan [4][5]. Group 5: Legal Opinions - The legal opinion confirms that the adjustments and grants have received the necessary approvals and comply with applicable laws and regulations [5].

北京铜官盈新文化旅游发展股份有限公司 2025 年半年度报告全文 北京铜官盈新文化旅游发展股份有限公司 1 北京铜官盈新文化旅游发展股份有限公司 2025 年半年度报告全文 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人王赓宇、主管会计工作负责人王赓宇及会计机构负责人(会计 主管人员)赵斌声明：保证本半年度报告中财务报告的真实、准确、完整。 202 5 年 8 月 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 2025 年半年度报告 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告中涉及的前瞻性陈述，如未来的发展战略和经营计划等， 不构成公司对投资者的实质承诺，投资者及相关人士均应当对此保持足够的 风险认识，并且应当理解计划、预测与承诺之间的差异。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅第三节管理 层讨论与分析"公司面临的风险和应对措施"中可能面临的风险及对策部分的 内容，敬请广大投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | | 第一 ...