泰和泰（海口）律师事务所 关于罗牛山股份有限公司 2025 年第一次临时股东大会 法 律 意 见 书 致：罗牛山股份有限公司 泰和泰（海口）律师事务所（以下简称"本所"）接受罗牛山 股份有限公司（以下简称"公司"）的委托，指派张宁、杨媛律师 出席公司 2025 年第一次临时股东大会（以下简称"本次股东大会"）。 本所律师依据《中华人民共和国公司法》、《中华人民共和国证券 法》、《上市公司股东大会规则》、罗牛山股份有限公司章程（以 下简称"公司章程"）以及律师行业公认的业务标准，对公司本次 股东大会的召集和召开程序、召集人和出席会议人员资格、表决方 式、表决程序的合法性、有效性进行了认真的审查，现出具法律意 见如下： 一、本次大会的召集、召开程序 公司董事会决定于 2025 年 11 月 24 日召开公司 2025 年第一次 临时股东大会，并于 2025 年 10 月 29 日在《中国证券报》、《证券 时报》及巨潮资讯网上刊登本次大会的通知（公告编号：2025-038）。 本次大会现场会议于 2025 年 11 月 24 日下午 14:50 在海口市美兰区 国兴大道 5 号海南大厦农信楼 12 楼公司 1216 ...

（经公司 2025 年第一次临时股东大会审议通过） 第一章 总则 罗牛山股份有限公司 董事、高级管理人员薪酬管理制度 第一条 为了健全和完善法人治理结构，建立科学有效的激励机制和约束机 制，根据《中华人民共和国公司法》（以下简称"《公司法》"）和《罗牛山股 份有限公司章程》（以下简称"《公司章程》"）等有关法律法规，制定本制度。 第二条 本制度适用于罗牛山股份有限公司（以下简称"公司"）董事、高 级管理人员。 第三条 公司薪酬制度遵循以下原则： 1、坚持激励与约束相统一，薪酬与风险责任相一致，薪酬与经营业务相挂 钩。 2、坚持效益优先，打破"大锅饭"，强化考评机制。 3、坚持物质激励与精神激励相结合，提倡奉献精神。 第二章 管理机构 第四条 公司董事会薪酬与考核委员会在董事会的授权下负责拟定董事、高 级管理人员的薪酬标准和方案；负责审查董事、高级管理人员履行职责情况并对 其进行年度考核；负责对公司薪酬制度的执行情况进行监督。 第五条 公司股东会负责审议董事的薪酬标准和方案；公司董事会负责审议 公司高级管理人员的薪酬标准和方案。 第六条 公司人力资源部、财务部等相关部门配合董事会薪酬与考核委员会 进行公司董事、 ...

罗牛山股份有限公司 对外投资管理制度 （经公司2025年第一次临时股东大会审议通过） 第一章 总则 第一条 为了加强罗牛山股份有限公司（以下简称"公司"）对外投资活动 的内部控制，规范对外投资行为，防范对外投资风险，保障对外投资安全，提高 对外投资效益，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《深 圳证券交易所股票上市规则》和《罗牛山股份有限公司章程》（以下简称"《公司 章程》"）的相关规定，结合公司实际情况，特制定本制度。 第二条 本制度所称对外投资是指公司及子公司为获取未来收益而将一定 数量的货币资金、股权、以及经评估后的实物或无形资产作价出资，对外进行各 种形式的投资活动。包括投资新设全资或者控股子公司、向子公司追加投资、与 其他单位进行联营、合营、兼并或进行股权收购、委托理财等。 有关证券投资、委托理财等事项参照公司《证券投资管理制度》执行。 第三条 公司所有对外投资行为必须符合国家有关法规及产业政策，符合公 司长远发展计划和发展战略，有利于拓展主营业务，扩大再生产，有利于公司的 可持续发展，有预期的投资回报，有利于提高公司的整体经济利益。 第二章 对外投资决策 第五条 公司对外投资应 ...

（文章来源：证券日报） 证券日报网讯罗牛山11月24日在互动平台回答投资者提问时表示，截至2025年11月20日，公司股东总户 数约为8.68万户。 ...

Group 1 - The index opened high but retreated, with the ChiNext index turning negative [2] - Tianhong Agricultural ETF (512620) had a trading volume exceeding 10 million yuan and a turnover rate of 2.59% [2] - Tianhong Food and Beverage ETF (159736) saw a trading volume surpassing 35 million yuan [2] Group 2 - Tianhong Agricultural ETF closely tracks the CSI Agricultural Index, covering sectors such as breeding and agrochemicals, with key holdings including Muyuan Foods, Wens Foodstuff Group, and Haida Group [2] - Tianhong Food and Beverage ETF tracks the CSI Food and Beverage Index, focusing on leading stocks in high-end and mid-range liquor, as well as dairy, seasoning, and beer sectors, with top ten weighted stocks including Moutai, Wuliangye, and Yili [2] - On November 10, Roniu Mountain announced a sales figure of 71,500 pigs for October 2025, reflecting a month-on-month increase of 13.84% and a year-on-year increase of 57.90% [2] Group 3 - The Ministry of Finance and the Ministry of Commerce announced the results of competitive evaluations for pilot cities in new consumption formats, with a total of 50 cities listed [3] - According to a report by CITIC Securities, the main investment logic driving the agricultural sector in 2026 will be cycles and growth [3] - The report suggests that due to market losses and administrative capacity reduction, there may be an accelerated capacity reduction in the fourth quarter of 2025 and the first half of 2026, with pig prices expected to fluctuate upwards [3]

Market Overview - The aquaculture sector declined by 0.69% on November 20, with Yike Food leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers in the aquaculture sector included: - Luoniushan (000735) with a closing price of 8.70, up 7.27% on a trading volume of 1.32 million shares and a turnover of 1.134 billion [1] - Fucheng Co. (600965) closed at 6.06, up 3.41% with a trading volume of 654,700 shares and a turnover of 401 million [1] - Huaying Agriculture (002321) closed at 3.60, up 2.56% with a trading volume of 3.57 million shares and a turnover of 1.309 billion [1] - Major decliners included: - Yike Food (301116) closed at 13.29, down 5.41% with a trading volume of 420,100 shares and a turnover of 549 million [2] - ST Tianshan (300313) closed at 9.40, down 5.24% with a trading volume of 68,000 shares and a turnover of 67 million [2] - Xiangjia Co. (002982) closed at 14.91, down 3.12% with a trading volume of 54,400 shares and a turnover of 81.7 million [2] Capital Flow - The aquaculture sector experienced a net outflow of 47.59 million from institutional investors, while retail investors saw a net outflow of 60.96 million [2] - Conversely, speculative funds recorded a net inflow of 109 million [2] Individual Stock Capital Flow - Luoniushan (000735) had a net inflow of 16.6 million from institutional investors, while retail investors saw a net outflow of 1.48 million [3] - Fucheng Co. (600965) experienced a net inflow of 57.81 million from institutional investors, with a significant outflow of 54.22 million from retail investors [3] - Yike Food (301116) had a net outflow of 17.90 million from institutional investors [3]

Core Points - The Hainan Free Trade Zone concept has seen a rise of 2.20%, leading among concept sectors, with 24 stocks increasing in value, including Hainan Haiyao, which hit the daily limit, and other notable gainers such as Kangzhi Pharmaceutical and Luoniushan [1][2] Group 1: Stock Performance - Hainan Haiyao experienced a significant increase of 10.00%, with a net inflow of main funds amounting to 256.57 million yuan, resulting in a net inflow ratio of 15.70% [3][4] - Other notable performers include Luoniushan, which rose by 7.27% with a net inflow of 156.89 million yuan (net inflow ratio of 13.84%), and Jingliang Holdings, which increased by 6.51% with a net inflow of 88.68 million yuan (net inflow ratio of 14.39%) [3][4] Group 2: Market Trends - The Hainan Free Trade Zone concept attracted a net inflow of 632 million yuan from main funds, with 15 stocks receiving net inflows, and 8 stocks seeing inflows exceeding 30 million yuan [2][3] - The overall market saw contrasting trends, with other sectors like Silicon Energy and Pre-made Dishes experiencing declines of -2.66% and -2.37%, respectively [2]

Group 1 - The animal vaccine concept index rose by 0.33%, ranking 8th among concept sectors, with 6 stocks increasing in value, including Xianfeng Holdings which hit the daily limit, and others like Ronow Mountain, Hengtong Co., and Biological Shares showing gains of 7.27%, 3.99%, and 1.98% respectively [1] - The animal vaccine sector saw a net inflow of 222 million yuan from main funds, with Ronow Mountain leading the inflow at 157 million yuan, followed by Xianfeng Holdings, Hengtong Co., and Biological Shares with net inflows of 124 million yuan, 37.45 million yuan, and 15.21 million yuan respectively [2][3] - The top stocks in terms of net inflow ratio included Xianfeng Holdings at 26.79%, Ronow Mountain at 13.84%, and Hengtong Co. at 8.61% [3] Group 2 - The stocks with the largest declines included Yongshun Biological, Shenlian Biological, and Tiankang Biological, which fell by 4.51%, 2.08%, and 1.86% respectively [1] - Other stocks in the animal vaccine sector that experienced declines included Kexing Pharmaceutical, with a decrease of 0.60%, and Zhongmu Co., which fell by 1.13% [4] - The overall trading activity in the animal vaccine sector showed varied turnover rates, with Ronow Mountain at 11.47% and Xianfeng Holdings at 11.16% [3]

罗牛山今年以来股价涨24.70%，近5个交易日涨0.61%，近20日涨23.40%，近60日涨29.78%。 11月20日，罗牛山盘中上涨2.10%，截至10:08，报8.28元/股，成交1.66亿元，换手率1.77%，总市值 95.35亿元。 资金流向方面，主力资金净流出170.58万元，特大单买入1748.23万元，占比10.53%，卖出705.00万元， 占比4.25%；大单买入2095.00万元，占比12.62%，卖出3308.81万元，占比19.93%。 责任编辑：小浪快报 罗牛山所属申万行业为：农林牧渔-养殖业-生猪养殖。所属概念板块包括：海南自贸区、小盘、职业教 育、乡村振兴、生态农业等。 截至11月10日，罗牛山股东户数9.36万，较上期增加10.77%；人均流通股12295股，较上期减少9.72%。 2025年1月-9月，罗牛山实现营业收入16.29亿元，同比减少34.67%；归母净利润279.93万元，同比减少 99.18%。 分红方面，罗牛山A股上市后累计派现2.00亿元。近三年，累计派现6909.08万元。 资料显示，罗牛山股份有限公司位于海南省海口市美兰区国兴大道5号海南大厦农信楼1 ...

（编辑 袁冠琳） 证券日报网讯 罗牛山11月19日在互动平台回答投资者提问时表示，公司在海南冬交会与关联方采用了 联合参展的模式，此举主要为整合资源、提升"罗牛山"品牌整体形象与参展效益。在整个过程中，公司 与各关联方的资产、业务、人员、机构和财务均严格保持独立，所有安排均遵循了合法、合规与公允的 原则。 ...