证券代码：000627 证券简称：*ST天茂 公告编号：2025-065 天茂实业集团股份有限公司 关于股票终止上市暨摘牌的公告 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： 2025年9月25日，天茂实业集团股份有限公司（以下简称"公司"）收到深圳 证券交易所（以下简称"深交所"）《关于天茂实业集团股份有限公司股票终止 上市的决定》（深证上〔2025〕1051号），同意公司股票主动终止上市。公司股 票将在2025年9月30日摘牌。 2025年9月25日，公司收到深交所《关于天茂实业集团股份有限公司股票终止 上市的决定》（深证上〔2025〕1051号）。鉴于公司股票被深交所决定终止上市， 根据《深圳证券交易所股票上市规则》《关于退市公司进入退市板块挂牌转让的 实施办法》等的相关规定，公司应当在股票被终止上市后及时做好相关工作，以 确保公司股份在摘牌后四十五个交易日内可以进入全国中小企业股份转让系统有 限责任公司（以下简称"全国股转公司"）依托原证券公司代办股份转让系统设 立并代为管理的两网公司及退市公司板块（以下简称"退市板块"）挂牌转让。 一、终 ...

Core Viewpoint - *ST Tianmao (000627.SZ) has announced its decision to voluntarily delist from the Shenzhen Stock Exchange, with the last trading day set for September 30, 2025 [1] Group 1 - The company received a formal decision from the Shenzhen Stock Exchange regarding the termination of its stock listing [1] - The delisting decision is effective as of September 25, 2025 [1] - The company's stock will be officially removed from trading on September 30, 2025 [1]

Core Viewpoint - The company *ST Tianmao has received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to continuous financial losses and failure to meet reporting obligations [1][5]. Group 1: Company Overview - *ST Tianmao was established in November 1993 and listed on the Shenzhen Stock Exchange in November 1996, primarily engaged in various personal insurance businesses including life, health, and accident insurance [4]. Group 2: Delisting Process - The company announced its intention to voluntarily delist on August 8, 2023, submitted the delisting application on September 4, and the Shenzhen Stock Exchange accepted the application on September 10, with the final decision made on September 25, 2023, completing the delisting process in approximately two months [3][5]. Group 3: Financial Performance - The company's net profit attributable to shareholders has declined for four consecutive years, with significant losses in the last two years. The net profit figures from 2020 to 2023 show a decline of 67.32%, 18.88%, 41.78%, and 337.82%, respectively. In 2023, the company reported a net loss of 650 million yuan, and for the first three quarters of 2024, the loss was 333 million yuan [5]. - The company projected a net loss of 500 million to 750 million yuan for 2024, with a non-recurring net profit loss forecasted between 503 million and 753 million yuan [5]. Group 4: Regulatory Compliance and Risks - Prior to the voluntary delisting, the company had issued multiple risk warning announcements regarding the potential for termination of its listing due to its inability to disclose the 2024 annual report and the 2025 Q1 report within the statutory timeframe [6]. - Since 2025, a total of 25 listed companies, including B-share companies, have completed the delisting process, with nine companies facing financial delisting, indicating a broader trend in the market [6].

Core Viewpoint - The company *ST Tianmao has been delisted from the Shenzhen Stock Exchange due to continuous financial losses and has initiated a voluntary delisting process, which took approximately two months to complete [1][2][4]. Summary by Sections Delisting Announcement - On September 25, *ST Tianmao received a decision from the Shenzhen Stock Exchange to terminate its stock listing, effective within five trading days [1][2]. - The company will not enter a delisting transition period as it voluntarily chose to delist [2]. Company Background - *ST Tianmao was established in November 1993 and listed on the Shenzhen Stock Exchange in November 1996, primarily engaging in various life and health insurance businesses [4]. Financial Performance - The company's financial performance has deteriorated for four consecutive years, with significant losses in the last two years [5]. - From 2020 to 2023, the net profit attributable to shareholders decreased by 67.32%, 18.88%, 41.78%, and 337.82%, respectively [5]. - In 2023, the company reported a net loss of 650 million yuan, and for the first three quarters of 2024, the loss was 333 million yuan [5]. - A forecast for 2024 indicated expected losses between 500 million to 750 million yuan [5]. Delisting Process - The entire delisting process took about two months, starting from the initial announcement of voluntary delisting on August 8 [2][4]. - Prior to the delisting, the company had issued multiple risk warnings regarding the potential for termination of its listing [6]. Industry Context - Since 2025, a total of 25 companies, including B-share companies, have completed the delisting process, with various reasons including financial issues and voluntary delisting [6].

深交所公告，天茂实业于2025年8月25日召开临时股东会审议通过了主动终止上市相关议案，并于9月4 日向本所提交了股票终止上市申请材料。上述股票终止上市申请已经本所上市审核委员会审议通过。根 据本所《股票上市规则（2025年修订）》第9.7.1条第一款第一项、第9.7.9条第三款的相关规定以及本所 上市审核委员会的审议意见，本所决定公司股票终止上市。根据本所《股票上市规则（2025年修订）》 第9.7.11条的规定，公司股票将于本所公告终止上市决定之日起五个交易日内摘牌。本所要求公司按照 规定，做好股票终止上市以及后续有关工作。 ...

Group 1 - *ST Tianmao has voluntarily applied for termination of its stock listing, with the Shenzhen Stock Exchange deciding to delist the company effective September 25, 2025 [1][4] - The company primarily engages in insurance business through its subsidiaries, Guohua Life and Huarui Insurance, with insurance-related revenue accounting for 99.99% of its main business income [4] - The company announced its intention to withdraw its A-share listing in August 2025, citing significant uncertainties due to business restructuring [4] Group 2 - The company provided investors with a cash option for shares at a price of 1.60 CNY per share, with approximately 1.442 billion cash options effectively declared during the exercise period [5] - As of July 18, 2025, the company had 112,000 shareholders, and its last trading price before suspension was 1.58 CNY per share, giving it a market capitalization of approximately 7.7 billion CNY [5] - The stock will not enter a delisting adjustment period as per the Shenzhen Stock Exchange listing rules, meaning the delisting process will be immediate [4]

*ST天茂（000627）(000627.SZ)发布公告，公司于2025年9月25日收到深交所《关于天茂实业集团股份 有限公司股票终止上市的决定》(深证上〔2025〕1051号)，深交所决定终止公司股票上市。公司股票自 深交所公告终止上市决定之日起五个交易日内予以摘牌，公司股票终止上市。 ...

Core Viewpoint - The company *ST Tianmao (000627.SZ) has received a decision from the Shenzhen Stock Exchange to terminate its stock listing, effective September 25, 2025 [1] Group 1 - The Shenzhen Stock Exchange has issued a notice regarding the termination of the company's stock listing [1] - The company's stock will be delisted within five trading days following the announcement of the termination decision [1]

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]