Core Viewpoint - *ST Tianmao's stock will be delisted from the Shenzhen Stock Exchange, with the decision effective immediately, and the stock will be removed within five trading days [1][2]. Group 1: Delisting Announcement - On September 25, *ST Tianmao received a notice from the Shenzhen Stock Exchange regarding the termination of its stock listing [1]. - The stock will not enter a delisting transition period and will be delisted within five trading days from the announcement [2]. Group 2: Shareholder Meeting and Cash Option - On August 25, *ST Tianmao held an extraordinary general meeting where shareholders approved the decision to voluntarily terminate the stock listing [5]. - The company initiated a cash option mechanism to protect investors, allowing eligible A-share shareholders to exercise cash options at a price of 1.60 yuan per share, with a total of 1,442,279,537 cash options effectively declared during the application period [5]. - The total funding required for the cash options is approximately 2.3 billion yuan [5]. Group 3: Post-Delisting Arrangements - After delisting, *ST Tianmao's shares will be transferred to the National Equities Exchange and Quotations system for trading [6]. - The company has appointed Changcheng Guorui as the agency to manage the share transfer services [6].

Core Points - *ST Tianmao (000627) has received a decision from the Shenzhen Stock Exchange to terminate its stock listing, effective within five trading days from the announcement date [2] - The company will not enter a delisting adjustment period, and its stock will be delisted directly [2] Group 1 - To protect investor interests, the company will initiate a mechanism for dissenting shareholders and other shareholders, providing cash options to eligible A-share shareholders [5] - Each eligible A-share shareholder can exercise cash options for every 1 share held at a strike price of 1.60 yuan per share, with a total of 1,442,279,537 cash options effectively declared during the application period [5] - The total funding required by Jingmen Weituo Hongcheng Management Partnership for the cash options is approximately 2.3 billion yuan [5] Group 2 - After the termination of the stock listing, the company will transition to the National Equities Exchange and Quotations (NEEQ) system for trading [5] - The company has appointed Changcheng Guorui as the agency for share transfer services and has authorized it to handle various securities registration and settlement matters [5]

证券代码：000627 证券简称：*ST天茂 公告编号：2025-064 天茂实业集团股份有限公司 关于收到股票终止上市决定的公告 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。 特别提示： 1、终止上市的证券种类：人民币普通股，证券简称：*ST天茂，证券代码： 000627，终止上市决定日期：2025年9月25日。 2、根据《深圳证券交易所股票上市规则》第9.7.11条的相关规定，"上市公 司主动终止上市的，不设退市整理期"。因此，天茂实业集团股份有限公司（以 下简称"公司"）股票不进入退市整理期。 3、请投资者、证券公司等市场主体在股票摘牌前及时了结股票质押式回购、 约定购回、融资融券、转融通、深股通等业务。 4、对于将在股票摘牌后至完成退市板块初始登记期间到期的司法冻结业务， 建议有权机关在股票摘牌前通过原协助执行渠道提前办理续冻手续。 根据《深圳证券交易所股票上市规则》相关规定及公司2025年第一次临时股 东会决议，公司以股东会决议方式主动终止股票在深圳证券交易所（以下简称 "深交所"）的上市交易。 2025年9月4日，公司向深交所提交了主动终止上市申请 ...

Group 1 - The company has announced the voluntary termination of the cash option for its stock listing through a shareholders' resolution [1][4] - The cash option was identified by the code 038042 and referred to as Tianmao TMP1, with the underlying security being *ST Tianmao [2] - The exercise ratio for the cash option was set at 1:1, allowing holders to sell one share of the company for each option held [2] Group 2 - During the cash option application period from September 15 to September 19, 2025, a total of 1,442,279,537 cash options were effectively applied for [3] - The effective applications for the cash options have been successfully settled [3]

证券代码：000627 证券简称：*ST天茂 公告编号：2025-063 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 现金选择权申报结果的公告 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。 天茂实业集团股份有限公司（以下简称"天茂集团"或"公司"）已于2025 年9月3日披露了《关于以股东会决议方式主动终止公司股票上市现金选择权派发 的公告》，于2025年9月10日披露了《关于以股东会决议方式主动终止公司股票上 市现金选择权行权暨实施的公告》，并分别于2025年9月15日、2025年9月16日、 2025年9月17日、2025年9月18日、2025年9月19日披露了《关于以股东会决议方式 主动终止公司股票上市现金选择权行权暨实施的提示性公告》。 本次现金选择权的基本条款如下： （二）现金选择权的标的证券 标的证券代码：000627 标的证券简称：*ST天茂 （三）现金选择权的行权比例 行权比例为1:1，即现金选择权持有人每持有1份该等权利有权向现金选择权提 供方出售1股公司股份。 本次现金选择权的申报期为2025年9月15日至2025年 ...

New Stock Issuance - New stock issuance includes Yunhan Xincheng at an issuance price of 27.00 and Ruili Kemi at 42.28[1] - New stock listing includes Shichang Co., Ltd. at an issuance price of 10.90[1] Cash Options and Delisting - Cash option declaration period for *ST Tianmao is from September 15 to September 19, 2025[1] - *ST Zitian is in the delisting arrangement period with 10 trading days remaining[1] Abnormal Fluctuations - Abnormal fluctuations reported for multiple stocks including Xian Dao Intelligent and Hangke Technology[2] - Significant trading volume changes noted for stocks such as Ji Shi Media and Yunnan Tourism[1] Market Insights - The report highlights the importance of monitoring new stock listings and cash options for investment strategies[1] - Investors are advised to pay attention to stocks under abnormal fluctuations as potential investment opportunities[2]

Group 1 - The core viewpoint of the article highlights the growth of the insurance industry in Hubei Province, with a total original insurance premium income of 109.35 billion yuan from January to April 2025, representing a year-on-year increase of 2.53% [1] - Life insurance accounted for the highest proportion of the total original insurance premium income in Hubei Province, amounting to 68.682 billion yuan, which is 62.81% of the total [1] - The article references a report by Zhiyan Consulting that analyzes the development and investment prospects of the Chinese insurance industry from 2025 to 2031 [1] Group 2 - Listed companies mentioned include Tianmao Group, China Ping An, China Pacific Insurance, China Life, China Insurance, and Xinhua Insurance [1] - The data source for the statistics provided is the National Financial Supervision Administration, organized by Zhiyan Consulting [1] - Zhiyan Consulting is described as a leading industry consulting agency in China, specializing in in-depth industry research and providing comprehensive consulting services for investment decisions [1]

证券代码：000627 证券简称：*ST天茂 公告编号：2025-062 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 现金选择权行权暨实施的提示性公告 特别提示： 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。 1、天茂实业集团股份有限公司（以下简称"天茂集团"或"公司"）股票 （证券简称：*ST天茂，证券代码：000627）已自2025年8月14日开市时起开始连 续停牌。本次以股东会决议方式主动终止公司股票上市事项已经公司2025年第一 次临时股东会审议通过。根据本次主动终止公司股票上市相关方案，公司目前已 完成现金选择权权利派发，公司股票进入行权申报、行权清算交收阶段，不再交 易。敬请广大投资者注意投资风险。 满足条件的A股股东所持的每1股有权行使现金选择权的股票获派1份现金选择 权权利，获得现金选择权权利的A股股东可于现金选择权申报期间以其所持有的公 司股票按照现金选择权的行权价格（1.60元/股）全部或部分申报行使现金选择权， 并在清算交收后获得现金对价。 公司股票进入退市板块后深股通投资者可能无法进行股票转让，提请深股通 投资者 ...

Group 1 - The average stock price of A-shares is 13.49 yuan, with 24 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.51 yuan [1] - Among the low-priced stocks, 12 are ST stocks, accounting for 50% of the total [1] - The Shanghai Composite Index closed at 3831.66 points as of September 18 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with the highest gainers being Yongtai Energy (up 10.32%), Liao Port Co. (up 2.75%), and *ST Su Wu (up 2.15%) [1] - Conversely, 11 stocks decreased in price, with the largest declines seen in Rongsheng Development (down 8.54%), *ST Gao Hong (down 5.56%), and Zhitian Tui (down 5.36%) [1] - The stock price performance of low-priced stocks shows a mixed trend, indicating volatility in this segment [1]

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]