Core Viewpoint - *ST Tianmao plans to voluntarily withdraw its A-shares from the Shenzhen Stock Exchange due to significant uncertainties in its business structure adjustment, aiming to protect the interests of minority shareholders [3][5]. Company Overview - *ST Tianmao, originally named "Baike Pharmaceutical," was established in 1993 and is controlled by capital magnate Liu Yiqian. The company has shifted its focus from chemical and pharmaceutical businesses to insurance, primarily through its subsidiaries Guohua Life and Huarui Insurance [4]. - As of the end of Q3 2024, the shareholding structure shows New Liyi Group, Liu Yiqian, and his spouse Wang Wei holding 44.56%, 10.47%, and 11.25% of the shares, respectively, forming a concerted action group [4]. Recent Developments - On August 8, 2023, *ST Tianmao announced its decision to withdraw its A-shares from trading on the Shenzhen Stock Exchange and apply for transfer to the National Equities Exchange and Quotations (NEEQ) after delisting [5]. - The company has faced delisting risks due to failure to disclose its 2024 annual report and 2025 Q1 report within the statutory timeframe, leading to a warning from the Shenzhen Stock Exchange [6]. - Following a suspension of trading on August 7, 2023, due to significant matters being planned by the controlling shareholder, the company has not disclosed relevant financial reports as of the suspension date [6]. Shareholder Protection Mechanism - To protect investors, *ST Tianmao has set up a mechanism for dissenting shareholders and other shareholders, allowing them to exercise cash options at a price of 1.60 CNY per share, while the last closing price before suspension was 1.45 CNY per share [3][6]. - The proposed record date for the cash option is set for September 2, 2025, subject to adjustments by the company's board [3]. Regulatory Actions - The company received a notice from the China Securities Regulatory Commission (CSRC) on May 6, 2025, regarding an investigation for failing to disclose periodic reports on time, indicating that the situation will not be resolved simply by delisting [7].

Core Viewpoint - *ST Tianmao (000627.SZ) announced its decision to voluntarily terminate its stock listing on the Shenzhen Stock Exchange and will apply to transfer to the National Equities Exchange and Quotations (NEEQ) after delisting [1] Group 1: Company Actions - The company convened its 10th Board of Directors' fourth meeting to approve the proposal for voluntary delisting [1] - The stock is set to resume trading on August 11, 2025, after the termination of its listing [1] Group 2: Financial Status and Risks - *ST Tianmao is currently facing a delisting crisis due to its failure to disclose the 2024 annual report and the 2025 Q1 report within the legal timeframe [4] - The company has not disclosed its financial reports as of August 6, 2024, and is working to complete the necessary documentation [4] - As of the end of Q3 2024, *ST Tianmao has over 120,000 shareholders [5] Group 3: Company Background - *ST Tianmao operates as an investment holding company primarily engaged in insurance business through its subsidiaries, Guohua Life and Huari Insurance [5] - Guohua Life, established in November 2007, has total assets of 271.599 billion and net assets of 26.22 billion as of June 2023 [5]

Core Viewpoint - *ST Tianmao announced the decision to voluntarily terminate its stock listing on the Shenzhen Stock Exchange and will apply to transfer to the National Equities Exchange and Quotations (NEEQ) after delisting [1] Group 1: Company Announcement - On August 8, *ST Tianmao's board approved the proposal to terminate its stock listing [1] - The stock is set to resume trading on August 11, 2025, after the delisting process [1] Group 2: Financial Reporting Issues - *ST Tianmao is currently facing a delisting crisis due to its failure to disclose the 2024 annual report and the 2025 Q1 report within the legal timeframe [5] - As of August 6, the company had not yet disclosed its financial reports, and it is working to complete the necessary documentation [6] Group 3: Company Background - *ST Tianmao operates as an investment holding company primarily through its subsidiaries, Guohua Life and Huari Insurance [6] - Guohua Life, established in 2007, has total assets of 271.599 billion and net assets of 26.22 billion as of June 2023 [6] Group 4: Stock Performance - Since July 8, *ST Tianmao's stock has dropped over 40%, currently priced at 1.45 yuan per share, with a total market capitalization of 7.1 billion [6] - Recently, the stock has shown signs of recovery with a two-day increase of over 4% [6]

*ST天茂(000627.SZ)公告，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。公司股票自2025年8月11日(星期一)开市起复牌。 ...

Core Viewpoint - Tianmao Industrial Group Co., Ltd. plans to voluntarily withdraw its A-share listing on the Shenzhen Stock Exchange due to significant uncertainties arising from business restructuring, aiming to protect the interests of minority shareholders [1][6][14] Company Overview - Company Name: Tianmao Industrial Group Co., Ltd. - Stock Listing Location: Shenzhen Stock Exchange - Stock Abbreviation: *ST Tianmao - Stock Code: 000627 - Registered Capital: 494,062.92 million yuan - Business Scope: Import and export of goods, production and sales of chemical products, and sales of building materials [1][4] Historical Background - The company was originally established as Hubei Zhongtian Co., Ltd. and underwent several name changes and capital increases, with the latest total share capital being 494,062.92 million shares [2][3] Financial Performance - Total Revenue for the first nine months of 2024: 3,359,611.86 million yuan, down from 4,969,887.37 million yuan in 2023 - Net Profit attributable to shareholders: -33,310.49 million yuan for 2024, compared to -65,175.85 million yuan in 2023 - Total Assets: 28,515,362.11 million yuan, with a total liability of 24,914,875.13 million yuan, resulting in a debt ratio of 87.37% [5][6] Voluntary Delisting Plan - The company intends to withdraw its A-share listing through a shareholder resolution and will apply to transfer to the National Equities Exchange and Quotations (NEEQ) for management in the delisting section [6][12] - The decision has been approved by the company's board and will be submitted for shareholder approval [7][8] Shareholder Protection Mechanism - A cash option will be provided to dissenting shareholders, allowing them to receive cash compensation for their shares, excluding certain major shareholders [9][10] - The cash option price is set at 1.60 yuan per share, with specific conditions for exercising this option [10][11] Post-Delisting Strategy - After delisting, the company aims to maintain operational stability and protect shareholder rights, with no immediate plans for major asset restructuring or re-listing [12][14] - The company will select a qualified securities firm to manage the transfer of shares in the delisting section [13]

证券代码：000627 证券简称：*ST天茂 公告编号：2025-032 天茂实业集团股份有限公司 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 性陈述或者重大遗漏。 一、董事会会议召开情况 天茂实业集团股份有限公司（以下简称"天茂集团"或"公司"）第十届董事会第四次 会议已经全体董事豁免通知时限，会议通知于2025年8月7日分别以电子邮件方式送达全体董 事、监事及全体高级管理人员。会议于2025年8月8日在公司会议室以现场和通讯相结合的方 式召开，会议应到董事5人，实到董事5人。会议由董事长刘益谦先生主持，公司监事和高级 管理人员列席了会议。会议的召集、召开符合有关法律、行政法规、部门规章和公司章程的 规定。 二、董事会会议审议情况 （一）审议通过了《关于以股东会决议方式主动终止公司股票上市事项的议案》 护中小股东利益，根据《深圳证券交易所股票上市规则》等相关法律、法规及规范性文件的 规定，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。 限合伙）向除新理益集团有限公司、王薇 ...

Core Viewpoint - The company intends to voluntarily terminate its A-share listing on the Shenzhen Stock Exchange through a shareholder resolution, facing significant uncertainties that may impact its operations and shareholder interests [1][2][9]. Group 1: Termination of Listing - The company plans to withdraw its A-share stock from the Shenzhen Stock Exchange and subsequently apply for transfer to the National Equities Exchange and Quotations (NEEQ) for management in the delisting section [2][7]. - The termination of the listing requires approval from more than two-thirds of the voting rights held by shareholders present at the meeting [3][9]. - If the shareholder resolution to terminate the listing is not passed, the company will apply for resumption of trading on the Shenzhen Stock Exchange [2][6]. Group 2: Cash Option for Shareholders - The company will provide a cash option to dissenting shareholders and other shareholders, excluding certain major shareholders, allowing them to receive cash compensation for their shares [4][6]. - The cash option price is set at 1.60 yuan per share, and shareholders must meet specific conditions to exercise this option [5][6]. - The cash option will be available to shareholders who are registered on the equity registration date, which is set for September 2, 2025 [6][7]. Group 3: Future Plans and Stability - After the termination of the listing, the company aims to maintain operational stability and protect shareholder rights, with no current plans for major asset restructuring or re-listing [7][9]. - The company will select a qualified securities firm to assist in the transfer process to the NEEQ [7][9]. - The company has engaged financial and legal advisors to ensure compliance with relevant regulations and to safeguard shareholder interests [9].

证券代码：000627 证券简称：*ST天茂 公告编号：2025-036 天茂实业集团股份有限公司 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 陈述或者重大遗漏。 一、本次股东会召开的基本情况 范性文件、深圳证券交易所业务规则和公司章程的规定。 现场会议时间：2025 年 8 月 25 日（星期一）14:30 起 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为2025年8月25日交 易日上午9:15～9:25，9:30～11:30,下午13:00～15:00； 通过深圳证券交易所互联网投票系统投票的开始时间（2025年8月25日上午9:15）至投 票结束时间（2025年8月25日下午15:00）间的任意时间。 (1)现场投票：股东本人出席现场会议或者授权委托他人出席现场会议 (2)网络投票：公司将通过深圳证券交易所交易系统和互联网投票系统 （http://wltp.cninfo.com.cn）向全体股东提供网络形式的投票平台，股东可以在网络投票时间 内通过上述系统行使表决权。 的以第一次有效投票结果为准。 （1）在股权登记日持有公司股份的普通股股东或其代理人； 于 ...

Core Viewpoint - The company is actively seeking to collect voting rights from all A-share shareholders for the upcoming extraordinary general meeting, where it will discuss the voluntary termination of its stock listing and amendments to its articles of association [1][2]. Group 1: Voting Rights Collection - The company’s board of directors is the organizer of the voting rights collection, aimed at gathering consent for all agenda items for the extraordinary general meeting scheduled for August 25, 2025 [1][2]. - The collection period for online voting rights is from August 14, 2025, 9:15 AM to August 21, 2025, 3:00 PM, while offline voting rights can be collected daily from August 14 to August 21, 2025, between 9:30 AM and 5:00 PM [2][5]. - The record date for confirming voting rights is set for August 13, 2025 [2]. Group 2: Reasons for Termination - The decision to voluntarily terminate the stock listing is in compliance with relevant laws and regulations, which is believed to benefit the long-term development of the company and the interests of all shareholders [1][2]. Group 3: Procedures for Participation - Shareholders can participate in the voting rights collection through an online platform or by submitting required documents to the board office [3][4]. - The necessary documents for participation include identification proof, shareholding proof, and a signed authorization letter, which must be submitted before the deadline of August 21, 2025, 5:00 PM [5][6]. - A witness lawyer will verify the validity of the submitted documents to ensure compliance with the requirements [5][6]. Group 4: Confidentiality and Compliance - The company assures that it will not misuse the collected voting rights for insider trading or market manipulation, and will maintain confidentiality regarding the voting results until the official announcement [6].

证券代码：000627 证券简称：*ST天茂 公告编号：2025-037 天茂实业集团股份有限公司 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 性陈述或者重大遗漏。 特此公告。 天茂实业集团股份有限公司董事会 天茂实业集团股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日收到公司控股股东 新理益集团有限公司（以下简称"新理益"）《关于筹划重大事项申请股票停牌的函》，新理 益正在筹划与公司相关的重大事项。经公司向深圳证券交易所（以下简称"深交所"）申请， 公司股票于 2025 年 8 月 7 日（星期四）开市起停牌不超过 2 个交易日，详见公司于 2025 年 8 月 7 日披露的《关于筹划重大事项停牌的公告》（公告编号：2025-031）。 式主动终止公司股票上市事项的议案》。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。具体内容详见公司于 2025 年 8 月 9 日披露的《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）。 根 ...