Core Viewpoint - ST Huawen announced that the company and its subsidiaries have overdue debts, indicating significant financial distress and the need for restructuring efforts [1] Debt Situation - The company has not repaid a principal of 100 million yuan and interest penalties of 7.9267 million yuan due to Hainan Bank [1] - Subsidiary Minxiang Investment has overdue debts of 11.85 million yuan in principal and 1.108 million yuan in interest penalties [1] - The company has failed to pay the principal and interest on medium-term notes "17 Huawen Media MTN001" and "18 Huawen Media MTN001" on time [1] - As of the announcement date, the total overdue debt amounts to approximately 638 million yuan, which represents 295.11% of the audited net assets attributable to the parent company for the year 2024 [1] Restructuring Efforts - The company is advancing its pre-restructuring work and will negotiate a restructuring plan with creditors [1]

Group 1 - Huawen Group is involved in a significant lawsuit regarding a share transfer dispute, with the case being transferred to Haikou Intermediate People's Court due to jurisdictional issues and the claim amount exceeding 100 million yuan [1] - Huawen Group has been notified of a pre-restructuring application due to inability to repay debts, with several financial investors selected for restructuring agreements [1] - Guokou Asset Management's subsidiary has had assets worth 1.01 billion yuan frozen due to bond defaults, with ongoing efforts to resolve debt issues [2] Group 2 - Country Garden's offshore debt restructuring plan has received approval from the required majority of creditors, with a court hearing scheduled for December 4 [5] - Country Garden has issued a profit warning, expecting a net loss of 18.5 to 21.5 billion yuan for the six months ending June 2025, a significant decline from a profit of 15.1 billion yuan in the same period last year [5] - Guangzhou Science City Investment reported a net loss of 4.544 billion yuan for the first three quarters of 2025, representing 12.89% of its net assets at the end of the previous year [5] Group 3 - Tsinghua Tongfang announced a deferral of interest payment on its bond "16 Sand MTN003" amounting to 78.135 million yuan, with the next payment scheduled for November 14, 2026 [6] - Shenwu Environmental Technology is facing public reprimand from the Shenzhen Stock Exchange for violations related to bond listing rules, involving its chairman and other executives [7] - Pan Hai Holdings has been ordered to pay 1.48 billion yuan in a lawsuit for unpaid loans to Minsheng Bank, with the court ruling for compulsory execution [8]

Market Overview - On November 7, the publishing sector declined by 0.84%, with the Shanghai Composite Index closing at 3997.56, down 0.25%, and the Shenzhen Component Index at 13404.06, down 0.36% [1] Stock Performance - Notable stock performances in the publishing sector included: - Zhongwen Media (600373) increased by 2.45% with a closing price of 69.11 and a trading volume of 347,200 shares, totaling 404 million yuan in transaction value [1] - ST Huawen (000793) rose by 1.31% to 3.10, with a trading volume of 326,800 shares, amounting to 102 million yuan [1] - Ning Media (002181) saw a significant drop of 9.97%, closing at 10.66 with a trading volume of 1,929,400 shares, totaling 2.094 billion yuan [2] Capital Flow - The publishing sector experienced a net outflow of 599 million yuan from institutional investors, while retail investors contributed a net inflow of 584 million yuan [2] - The capital flow for specific stocks showed: - Phoenix Media (601928) had a net inflow of 8.02 million yuan from institutional investors but a net outflow of 6.62 million yuan from retail investors [3] - Zhongnan Media (601098) recorded a net inflow of 4.22 million yuan from institutional investors and a net outflow of 5.83 million yuan from retail investors [3]

Group 1 - The company held its first extraordinary general meeting of shareholders in 2025 on October 18, 2025, with no proposals being rejected [1] - The meeting was attended by 513 shareholders, representing 289,168,480 shares, which accounts for 14.4784% of the total voting shares [5] - The meeting was conducted in a hybrid format, combining on-site voting and online voting through the Shenzhen Stock Exchange [3][4] Group 2 - The meeting approved several proposals, including amendments to the company's articles of association, with 99.7039% of the votes in favor [11][12] - Other approved proposals included revisions to the rules of procedure for shareholder meetings and board meetings, with similar high approval rates of 99.7001% and 99.7003% respectively [15][19] - The company also approved the establishment of a system for selecting accounting firms, with 99.7030% of votes in favor [28] Group 3 - The company is currently involved in a significant lawsuit, with the first instance still pending and no court hearings yet held [36] - The lawsuit involves a claim of 50 million yuan and related fees, with a counterclaim of 181.6522 million yuan [36] - The court has determined that the case will be handled by the Haikou Intermediate People's Court, which has jurisdiction over the matter [41][42]

Core Viewpoint - ST Huawen is involved in a significant legal dispute with Lin Guangmao regarding the transfer of equity in Jiangsu Suiyi Information Technology Co., Ltd, with the jurisdiction elevated to Haikou Intermediate Court [1][2][3] Group 1: Legal Proceedings - The court case involves ST Huawen as the plaintiff and Lin Guangmao as the defendant, with the first hearing yet to take place [1] - ST Huawen has requested the court to order Lin Guangmao to return the equity transfer payment of 50 million RMB and related fees due to Lin's failure to complete the necessary business registration changes [2][3] - Lin Guangmao has filed a counterclaim, seeking to declare several agreements between him and ST Huawen invalid and requesting compensation for economic losses amounting to 131,652,156.30 RMB [3] Group 2: Financial Performance - In the first three quarters, ST Huawen reported total revenue of 262 million RMB, a year-on-year increase of 1.32%, while the net loss attributable to shareholders was 101 million RMB, slightly improved from a loss of 105 million RMB in the same period last year [4] - The company has faced regulatory scrutiny, receiving a warning and a total fine of 6.2 million RMB from the China Securities Regulatory Commission for misreporting revenue in several annual reports [5] Group 3: Market Reaction - Following the announcement of the legal developments, ST Huawen's stock price surged to a closing price of 3.29 RMB per share, hitting the daily limit [5]

华闻传媒投资集团股份有限公司 HUAWEN MEDIA GROUP 注册地：海南省海口市美兰区国兴大道 15A 号全球贸易之窗 28 楼 公司章程 （2025 年 11 月修订） （经 2025 年第一次临时股东会审议批准） 二○二五年十一月四日 | | | | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股份 | 2 | | 第一节 | 股份发行 | 2 | | 第二节 | 股份增减和回购 | 5 | | 第三节 | 股份转让 | 6 | | 第四章 | 股东和股东会 | 7 | | 第一节 | 股东的一般规定 | 7 | | 第二节 | 控股股东和实际控制人 10 | | | 第三节 | 股东会的一般规定 | 11 | | 第四节 | 股东会的召集 | 13 | | 第五节 | 股东会的提案与通知 | 14 | | 第六节 | 股东会的召开 | 15 | | 第七节 | 股东会的表决和决议 | 18 | | 第五章 | 董事会 | 22 | | 第一节 | 董事 | 22 | | 第二节 | 董事会 | 25 | | 第 ...

| | . | œ | | --- | --- | --- | | œ | 1 | | | | | 华闻传媒投资集团股份有限公司（000793） 独立董事制度（2025 年修订） 第一章 总则 第一条 为完善华闻传媒投资集团股份有限公司（以下简称"公司"）治理 结构，促进公司规范运作，明确独立董事的职责权限，保证独立董事依法行使职 权，根据《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》《华闻传 媒投资集团股份有限公司章程》（以下简称《公司章程》）等规定，特制定本制度。 第二章 独立董事的任职资格 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独 立客观判断关系的董事。 第三条 独立董事应当具备与其行使职权相适应的任职条件，担任独立董事 应当符合下列基本条件： （一）根据法律、行政法规和其他有关规定，具备担任上市公司董事的资格； （二）《中华人民共和国公务员法》的相关规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》的相关规定 ...

| | | 华闻传媒投资集团股份有限公司（000793） 股东会议事规则（2025 年修订） 第一章 总则 第一条 为规范公司行为，明确股东会召开和表决程序，充分发挥股东会的 作用，提高股东会议事效率，保证股东会依法行使职权，充分维护全体股东的合 法权益，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和 国证券法》（以下简称《证券法》）、《上市公司股东会规则》（以下简称《股东会 规则》）、《深圳证券交易所股票上市规则》（以下简称《股票上市规则》）、《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》（以下简 称《规范运作指引》）、《华闻传媒投资集团股份有限公司章程》（以下简称《公司 章程》）及其他有关规定，特制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、《股东会规则》《公司章程》及 本规则的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和《公司章程》规定的范 ...

| | | 华闻传媒投资集团股份有限公司（000793） 董事会议事规则（2025 年修订） 第一章 总则 第一条 为了确保董事会落实股东会决议，提高工作效率，保证科学决策维 护公司、股东、职工和债权人的合法权益，规范公司董事会的运作，根据《中华 人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称 《证券法》）、《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》（以 下简称《上市规则》）、《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》（以下简称《规范运作指引》）等有关法律、法规及《华闻传媒 投资集团股份有限公司章程》（以下简称《公司章程》）的规定，制定本规则。 第二章 董事 第一节 董事的选举和更换 第三条 公司董事为自然人。 第四条 根据董事的产生方式及董事在公司工作性质的不同，公司董事可划 分为以下类别： （一）内部董事，指与公司之间签订聘任合同、担任公司某一业务主管并负 责管理有关事务的董事，包括专职董事长、专职副董事长以及兼任公司总裁或其 他高级管理人员的董事。 （二）独立董事，指不在公司担任除董事外的其他职务，并符合本规则第六 条和第七条 ...

| | | 华闻传媒投资集团股份有限公司（000793） 董事会专门委员会实施细则 第一部分 董事会审计委员会实施细则 第一章 总 则 第一条 为强化董事会决策功能，做到事前审计、专业审计， 确保董事会对高级管理人员的有效监督，进一步完善公司治理结构， 根据《公司法》《上市公司治理准则》《上市公司独立董事管理办法》 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监 管指引第 1 号——主板上市公司规范运作》《公司章程》及其他有关 规定，公司特设立董事会审计委员会，并制定本细则。 第二条 董事会审计委员会是董事会按照股东会决议设立的专 门工作机构，主要负责审核公司财务信息及其披露、监督及评估内外 部审计工作和内部控制，行使《公司法》规定的监事会的职权。 第二章 人员组成 第三条 审计委员会由五名不在公司担任高级管理人员的董事 组成，其中独立董事应当过半数，且至少有一名独立董事为会计专业 人士。董事会成员中的职工代表可以成为审计委员会成员。 第四条 审计委员会委员由董事长、全体独立董事的二分之一 以上或者全体董事的三分之一以上提名，并由董事会选举产生。审计 委员会委员应当具备履行审计委员会工作职责的专 ...