*ST天茂（000627）8月13日晚间公告，由于公司拟进行业务结构调整，面临重大不确定性，可能对公 司造成重大影响。为保护中小股东利益，经公司董事会审议通过，公司拟以股东会决议方式主动撤回A 股股票在深交所的上市交易，并在股票终止上市后申请转入全国中小企业股份转让系统有限责任公司代 为管理的退市板块转让。 公司将8月25日召开2025年第一次临时股东会，审议公司以股东会决议方式主动终止上市相关议案。本 次股东会股权登记日为8月13日。根据《深交所股票上市规则》第9.7.4条相关规定，以股东会决议方式 主动终止上市的，公司应当申请其股票自股东会股权登记日的次一交易日起停牌。因此，经公司向深圳 证券交易所申请，公司股票自股东会股权登记日的次一交易日(即星期四)开市起停牌。 此前在8月8日晚间，*ST天茂就曾公告拟主动终止上市。当时披露的公告显示，主动退市议案需经出席 *ST天茂股东会的全体股东所持有效表决权的三分之二以上通过，且经除(单独或合计)持股5%以上股份 的股东和上市公司董监高人员以外的其他股东所持表决权的三分之二以上通过。 股东会审议通过后，由刘益谦旗下荆门市维拓宏程管理合伙企业(有限合伙)(下称"维 ...

Core Viewpoint - *ST Tianmao (000627.SZ) plans to voluntarily withdraw its A-share listing on the Shenzhen Stock Exchange and will apply to transfer to the delisting segment managed by the National Small and Medium Enterprises Share Transfer System after the termination of its listing [1] Group 1 - The company will hold its first extraordinary general meeting of 2025 on August 25, 2025, to review the proposal for voluntary delisting [1] - The record date for shareholders to attend the meeting is set for August 13, 2025 [1] - The company's stock will be suspended from trading starting from August 14, 2025, the trading day following the record date [1]

证券代码：000627 证券简称：*ST天茂 公告编号：2025-039 天茂实业集团股份有限公司 上披露的《天茂实业集团股份有限公司关于以股东会决议方式主动终止公司股票上市的公告》 （公告编号：2025-033）。 公司将于 2025 年 8 月 25 日召开 2025 年第一次临时股东会，审议公司以股东会决议方式 主动终止上市相关议案。本次股东会股权登记日为 8 月 13 日。根据《深交所股票上市规则》 第 9.7.4 条相关规定，以股东会决议方式主动终止上市的，公司应当申请其股票自股东会股 权登记日的次一交易日起停牌。因此，经公司向深圳证券交易所申请，公司股票（股票简称： *ST 天茂，股票代码：000627）自股东会股权登记日的次一交易日（即 2025 年 8 月 14 日， 星期四）开市起停牌。 《证券时报》、《中国证券报》、《上海证券报》和巨潮资讯网（www.cninfo.com.cn）为 公司选定的信息披露媒体，公司所有信息均以在上述媒体披露的信息为准，请广大投资者理性 投资，注意风险。 天茂实业集团股份有限公司董事会 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性 ...

Core Viewpoint - *ST Tianmao (000627) announced a significant business restructuring, leading to major uncertainties that could substantially impact the company [1] Group 1: Company Actions - The company plans to withdraw its A-share listing on the Shenzhen Stock Exchange through a shareholder resolution to protect the interests of minority shareholders [1] - After the delisting, the company intends to apply for transfer to the National Equities Exchange and Quotations (NEEQ) for management in the delisting segment [1] - The company's stock will be suspended from trading starting August 14, the trading day following the shareholder registration date [1]

Group 1 - The company *ST Tianmao (000627.SZ) announced that it will hold its first extraordinary general meeting of shareholders in 2025 on August 25 to review the proposal for voluntary termination of its listing [1] - The record date for shareholders to attend the meeting is set for August 13, 2025 [1] - Following regulations, the company will apply for its stock to be suspended from trading starting from the next trading day after the record date, which is August 14, 2025 [1]

由于天茂实业集团股份有限公司（以下简称"公司"）拟进行业务结构调整，面临重大不 确定性，可能对公司造成重大影响。为保护中小股东利益，根据《深交所股票上市规则》等相 关法律、法规及规范性文件的规定，经公司董事会审议通过，公司拟以股东会决议方式主动撤 回 A 股股票在深圳证券交易所（以下简称"深交所"）的上市交易，并在股票终止上市后申请 转入全国中小企业股份转让系统有限责任公司代为管理的退市板块转让。具体详见公司在指定 信息披露媒体《中国证券报》《证券时报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn） 上披露的《天茂实业集团股份有限公司关于以股东会决议方式主动终止公司股票上市的公告》 （公告编号：2025-033）。 公司将于 2025 年 8 月 25 日召开 2025 年第一次临时股东会，审议公司以股东会决议方式 主动终止上市相关议案。本次股东会股权登记日为 8 月 13 日。根据《深交所股票上市规则》 第 9.7.4 条相关规定，以股东会决议方式主动终止上市的，公司应当申请其股票自股东会股 权登记日的次一交易日起停牌。因此，经公司向深圳证券交易所申请，公司股票（股票简称： *ST 天茂， ...

金融界消息 截至2025年8月13日收盘，*ST天茂（000627）报收于1.58元，上涨1.28%，换手率8.07%， 成交量364.52万手，成交金额5.71亿元。 资金流向方面，今日主力资金净流入1.69亿元，占比成交额29.6%。其中，超大单净流入5724.79万元、 占成交额10.02%，大单净流入1.12亿元、占成交额19.57%，中单净流出流出10157.14万元、占成交额 17.78%，小单净流出6747.43万元、占成交额11.81%。 *ST天茂最新一期业绩显示，截至2024三季报，公司营业总收入335.96亿元、同比减少18.43%，归属净 利润33310.49万元，同比减少56.39%，扣非净利润33369.96万元，同比减少59.18%，流动比率2.017、速 动比率1.795、资产负债率87.37%。 天眼查商业履历信息显示，天茂实业集团股份有限公司，成立于1993年，位于荆门市，是一家以从事化 学原料和化学制品制造业为主的企业。企业注册资本494062.9165万人民币，实缴资本6482万人民币。 公司法定代表人为刘益谦。 通过天眼查大数据分析，天茂实业集团股份有限公司共对外投资 ...

证券之星消息，8月12日保险板块较上一交易日上涨0.71%，*ST天茂领涨。当日上证指数报收于 3665.92，上涨0.5%。深证成指报收于11351.63，上涨0.53%。保险板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000627 | *ST天茂 | n 1.27亿 | 18.06% | -7808.91万 | -11.15% | -4841.55万 | -6.91% | | 601601 | 中国太保 | 9971.19万 | 8.72% | -1958.54万 | -1.71% | -8012.65万 | -7.01% | | 601318 中国平安 | | 5167.26万 | 2.06% | -2197.17万 | -0.88% | -2970.09万 | -1.18% | | 601628 中国人寿 | | 4726.59万 | 9.76% | 2128.42万 | 4.4 ...

Core Viewpoint - Tianmao Group will withdraw its A-share listing on the Shenzhen Stock Exchange due to significant uncertainties and business restructuring, with plans to transfer to a delisted segment managed by the stock transfer system [1][2] Group 1: Delisting Reasons and Mechanism - The company cites major uncertainties impacting its operations as the reason for the voluntary delisting [2] - A dissenting shareholder protection mechanism will be established, allowing certain shareholders to exercise a cash option at a price of 1.6 CNY per share [2] - The controlling entity, Weituo Hongcheng, will need to allocate approximately 2.607 billion CNY if all eligible shareholders accept the cash option [2] Group 2: Company Background and Financial Performance - Tianmao Group was established in the 1990s and gained control by Liu Yiqian in 2002, subsequently acquiring a majority stake in Guohua Life Insurance [2] - Over 90% of Tianmao Group's revenue is derived from Guohua Life Insurance, which has faced declining investment returns [2] - As of the end of 2023, Guohua Life's trust plan investment balance was 48.584 billion CNY, while its premium income was only 40.378 billion CNY, indicating a reliance on trust plans for investment [2]

Core Viewpoint - The A-share market has seen a significant increase in both voluntary and involuntary delistings, indicating a tightening regulatory environment and a shift towards higher quality standards in the capital market [3][4]. Group 1: Voluntary Delistings - As of August 10, 2023, there have been five companies that voluntarily delisted through shareholder resolutions or mergers, surpassing the annual average of 1-4 cases from 2020 to 2024 [3]. - Companies such as 中航产融 (AVIC Capital) and 玉龙股份 (Yulong Co.) have already completed their delistings, while *ST天茂 (ST Tianmao) is in the process of withdrawing its listing due to failure to disclose financial reports [3]. - The proactive delisting of *ST天茂 is attributed to its inability to disclose the 2024 annual report, which could trigger mandatory delisting if not resolved by early September [3]. Group 2: Involuntary Delistings - Ten companies have triggered mandatory delisting criteria due to serious violations, with *ST高鸿 (ST Gaohong) being a notable case involving systematic financial fraud, including inflated revenues of 3.5 billion and profits of 4 billion [3]. - The chairman of *ST高鸿 has been fined 7.5 million and banned from the market for life, with total penalties for responsible parties amounting to 167 million [3]. Group 3: Regulatory Changes - New regulations effective in 2024 will raise the financial delisting revenue threshold from 100 million to 300 million, and introduce new criteria for delisting due to severe fraud [4]. - Eight companies have already been delisted this year for failing to meet the new market capitalization requirement of 500 million or for having share prices below par [4]. Group 4: Market Trends - A total of 30 companies have been delisted this year, with a balanced distribution among those delisted for major violations, financial issues, and trading problems [5]. - The regulatory body has initiated investigations against 35 out of 55 delisted companies, reflecting a more stringent enforcement approach [5]. - Policies encouraging market-driven delistings and discouraging "shell protection" behaviors have led to 12 cases of mergers, such as the absorption of 海通证券 (Haitong Securities) by 国泰君安 (Guotai Junan) [5].