Meeting Overview - The annual general meeting of Chongqing Dengkang Oral Care Products Co., Ltd. was held on May 21, 2025, at 14:30 [2] - The meeting utilized a combination of on-site and online voting methods for decision-making [4] Attendance - A total of 87 shareholders and their representatives attended the meeting, representing 121,752,710 shares, which accounts for 70.7150% of the company's voting shares [7] - Out of these, 5 shareholders attended the meeting in person, representing 118,673,500 shares (68.9266% of voting shares) [8] - 82 shareholders participated via online voting, representing 3,079,210 shares (1.7884% of voting shares) [9] Resolutions Passed - The following resolutions were approved during the meeting: - The 2024 Annual Report and its summary received 121,748,110 votes in favor (99.9962%) [11] - The 2024 Annual Board Work Report was also approved with the same voting results [12] - The 2024 Annual Supervisory Board Work Report was passed with identical support [13] - The profit distribution plan for 2024 was approved with 121,748,110 votes in favor (99.9962%) [15] - The reappointment of the accounting firm was approved with 121,725,810 votes in favor (99.9779%) [16] - The remuneration plan for directors, supervisors, and senior management for 2025 was approved with 109,074,110 votes in favor (99.9952%) [17] - The proposal to use part of the idle raised funds and self-owned funds for cash management was approved with 120,385,466 votes in favor (98.8770%) [18] - The proposal to use part of the excess raised funds to permanently supplement working capital was approved with 121,748,110 votes in favor (99.9962%) [19] Legal Opinion - The legal opinion provided by Shanghai Jintiancheng (Guangzhou) Law Firm confirmed that the meeting's procedures, qualifications of the conveners and attendees, voting procedures, and results were in compliance with relevant laws and regulations [21]

证券代码：001328 证券简称：登康口腔 公告编号：2025-026 重庆登康口腔护理用品股份有限公司 2024年年度股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会无否决议案或修改议案的情况； 2.本次股东会上没有新提议案提交表决； 3.本次股东会不涉及变更前次股东会决议的情况； 4.本次股东会采取现场方式召开，采用现场投票和网络投票相结合的方式进行表 决。 一、会议召开情况 （一）会议召开时间 1.现场会议召开时间：2025年5月21日（星期三）14:30。 2.网络投票时间： （1）深圳证券交易所交易系统进行网络投票的具体时间为2025年5月21日 9:15— 9:25，9:30—11:30和13:00—15:00； （2）深圳证券交易所互联网投票系统投票的具体时间为2025年5月21日9:15- 15:00。 （二）会议召开和表决方式 （三）召集人 重庆登康口腔护理用品股份有限公司（以下简称"公司"）董事会。 （四）现场会议召开地点 公司办公楼一楼报告厅（重庆市江北区海尔路389号）。 - 1 - （五）会议 ...

上海锦天城（广州）律师事务所 关于重庆登康口腔护理用品股份有限公司 2024 年年度股东会的 法律意见书 地址：广州市天河区珠江西路 5 号广州国际金融中心第 60 层 电话：020-8928 1168 传真：020-8928 5188 邮编：510623 上海锦天城（广州）律师事务所 法律意见书 上海锦天城（广州）律师事务所 关于重庆登康口腔护理用品股份有限公司 2024 年年度股东会的 法律意见书 致：重庆登康口腔护理用品股份有限公司 上海锦天城（广州）律师事务所（以下简称"本所"）接受重庆登康口腔 护理用品股份有限公司（以下简称"公司"）委托，就公司召开 2024 年年度股 东会（以下简称"本次股东会"或"本次会议"）的有关事宜，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》"）和《上市公司股东会规则（2025 年修订）》（以 下简称"《股东会规则》"）、《深圳证券交易所上市公司股东会网络投票实 施细则（2025 年修订）》等法律、法规、规章和其他规范性文件以及《重庆登 康口腔护理用品股份有限公司章程》（以下简称"《公司章程》"）的有关规 定， ...

子公司股权预挂牌仅半个月后竟终止，广东锦龙发展股份有限公司（以下简称"锦龙股份"）的"突然决策"引 发市场关注。5月19日，锦龙股份公告称，为防止公司在出售中山证券股权后可能出现主要资产为现金或者无 具体经营业务的情形，拟终止本次重组。值得一提的是，5月6日，上述股权才预挂牌。在终止筹划相关事项 的同时，锦龙股份也拟借款展期。年报数据显示，截至2024年末，锦龙股份的资产负债率高达81.09%，且归 母净利润也已连续四年亏损。有分析人士直言，上述原因更像是一种借口。"可能是出售过程中出现了问题， 或公司改变主意不想卖了。" 预挂牌半月后终止 5月19日，锦龙股份发布公告表示，为加快推进公司业务转型，并为公司向实体经济转型和拓展新质生产力创 造有利条件，此前公司拟转让所持有的中山证券全部67.78%股权，现公司决定终止本次重组。 对于终止筹划的原因，锦龙股份表示，此前已有意向受让方与公司进行接洽，且已有意向受让方对中山证券 开展了尽职调查。根据公司实际情况和《重组管理办法》相关规定，为防止公司在出售中山证券股权后可能 出现主要资产为现金或者无具体经营业务的情形，决定终止本次重组。 在上述消息公布后的首个交易日， ...

证券代码：001328 证券简称：登康口腔 公告编号：2025-025 重庆登康口腔护理用品股份有限公司 关于控股股东国有股权无偿划转完成工商变更登记的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 2025年2月28日，重庆登康口腔护理用品股份有限公司（以下简称"公司"）收到 间接控股股东重庆机电控股（集团）公司（以下简称"机电集团"）通知，获悉重庆 渝富控股集团有限公司（以下简称"渝富控股"）将所持本公司控股股东重庆轻纺控 股（集团）公司（以下简称"轻纺集团"）80%股权无偿划转给机电集团。同时，重 庆市国有资产监督管理委员会（以下简称"重庆市国资委"）将持有的轻纺集团20% 股权无偿划转给机电集团。股权划转完成后，重庆市国资委、渝富控股、机电集团、 轻纺集团签订的《托管协议》解除（以下简称"本次变动"）。 本次变动完成后，机电集团由受托管理轻纺集团，变为直接持有轻纺集团100%股 权，轻纺集团的控股股东将由渝富控股变更为机电集团，不涉及公司表决权的变动， 不会导致公司控股股东和实际控制人发生变化。公司的控股股东仍为轻纺集团，实际 控制人仍为重庆市国 ...

Investment Rating - The investment rating for the light industry manufacturing sector is "Positive" [2] Core Insights - Overall consumer demand remains weak, but there are opportunities in specific segments where product and channel transformations can enhance market share, and brand recognition or performance recovery is expected [8] - The pet food segment shows high potential with strong consumer education barriers, brand loyalty, and significant single product effects [8] - The baby care market is fragmented, with strong brands rapidly increasing market share through cost-effectiveness and popular products, heavily relying on online sales [8] - Domestic second-tier brands in sanitary napkins and toothpaste are gaining market share, utilizing platforms like Douyin for marketing and channel empowerment [8] - The trend of innovative products and brand rejuvenation in the trendy toy sector is accelerating, with companies like Pop Mart and Blokus experiencing rapid revenue growth [8] Summary by Sections 1) Product & Channel Transformation - Baiya Co. reported a significant increase in revenue and is expected to see a gradual improvement in its profitability model [9] - Dengkang Oral Care's revenue growth exceeded expectations, with a sustainable improvement in profitability [9] - Runben Co. experienced strong revenue growth driven by new product launches, particularly in the sunscreen category [9] - Zhongchong Co. is successfully transforming its brand, with expectations of over 40% growth in its flagship product [9] - Companies in the trendy toy sector are well-positioned to benefit from consumer trends and new product launches [9] 2) High Competitive Barriers - Guibao Pet's revenue and profit growth exceeded expectations, driven by strong brand performance and successful high-end product launches [10] - The overall industry remains vibrant, with companies optimizing their product and channel structures [10] 3) Performance Recovery Expected - Chenguang Co. has underperformed due to a weak consumer environment, but recovery is anticipated if market conditions improve [10] - The company is focusing on enhancing its IP product strategy, which is expected to contribute to new growth points [10]

Investment Rating - The investment rating for the light industry manufacturing sector is "Positive" [2] Core Insights - Overall consumer demand remains weak, but there are opportunities in specific segments where product and channel transformations can enhance market share, and brand recognition or performance recovery is expected [2][8] - The pet food sector shows high potential with strong consumer education barriers, brand loyalty, and significant single product effects [2][8] - The baby care market is fragmented, with leading brands rapidly increasing market share through cost-effectiveness and popular products, heavily relying on online sales [2][8] - Domestic second-tier brands in sanitary napkins and toothpaste are gaining market share, utilizing platforms like Douyin for traffic generation and empowering other platforms and offline markets [2][8] - The trend of innovative products and brand rejuvenation in the trendy toy sector is accelerating, with companies like Pop Mart and Blokus experiencing rapid revenue growth [2][8] Summary by Sections 1) Product & Channel Transformation - Baiya Co. reported a significant revenue increase of 39% in Q4 2024 and 30% in Q1 2025, with a strong performance in e-commerce and a positive outlook for its probiotic series [3][9] - Dengkang Oral Care also showed robust growth, with a 39% increase in Q4 2024 and 19% in Q1 2025, benefiting from an optimized product structure and strong online sales [3][9] - Runben Co. experienced a 34% revenue increase in Q4 2024 and 44% in Q1 2025, driven by the rapid launch of new products [4][9] - The trendy toy sector, represented by companies like Blokus and Pop Mart, saw revenue growth of 156% and 278% respectively, indicating a strong market presence [4][9] 2) High Competitive Barriers - Guibao Pet's revenue and profit exceeded expectations, driven by strong growth in its proprietary brand and successful high-end product launches [10] - The overall industry remains buoyant, with companies optimizing product and channel structures, leading to sustained revenue growth and improved profitability [10] 3) Performance Recovery Expected - Chenguang Co. reported lower-than-expected performance due to a weak consumer environment, but recovery is anticipated if market conditions improve [10] - The company is focusing on enhancing its IP product strategy, which is expected to contribute to new growth points [10]

Core Points - The company announced a change in the lead financial advisor for the ongoing acquisition supervision by Southwest Securities [1][2] - The previous lead financial advisor, Mr. Wang Jiliang, is unable to continue due to a job change, but the rest of the team will maintain their responsibilities [1][2] - The new lead financial advisors are Mr. Wu Jiang, Mr. Xiao Jiyu, and Mr. Gao Zhenglin, and the change will not affect the quality or progress of the supervision work [2] Summary by Sections - **Company Announcement** - The company and its board guarantee the accuracy and completeness of the disclosed information [1] - The announcement is made regarding the change in the lead financial advisor for the acquisition supervision [1][3] - **Financial Advisor Change** - The new lead financial advisors are Mr. Wu Jiang, Mr. Xiao Jiyu, and Mr. Gao Zhenglin [2] - The change in leadership will not impact the ongoing supervisory work's quality and progress [2]

Summary of Conference Call Records Industry Overview - The beauty and personal care industry has shown a recovery in Q1, with domestic brands gaining market share, particularly through category and channel breakthroughs. Companies like Luoyuchen and Jiahua have improved margins through organizational adjustments and product innovation [1][4] - The personal care market is experiencing stable growth with a trend towards premiumization. Domestic brands are gaining an advantage in emerging channels like Douyin, with strong revenue growth and consumer recognition of their market share increase [1][5] - Live-streaming e-commerce has provided domestic beauty and personal care brands with opportunities to effectively reach young consumers, enhancing brand awareness and sales channels [1][6] Key Companies and Performance - **Mao Geping**: Achieved significant growth above industry averages, expected to maintain a 30% compound annual growth rate (CAGR) over the next three years due to high-end offline channels and effective online marketing [1][9] - **Ruo Yuchen**: Experienced rapid sales growth through product design and marketing innovation, particularly in the fragrance laundry liquid and health products sectors, with a sales target of 1 billion yuan for 2025 [1][9] - **Baiya and Dengkang**: Both companies have shown good revenue growth, with Baiya leveraging live-streaming e-commerce for expansion and Dengkang focusing on high-end products through targeted marketing on platforms like Douyin [1][10][11] Market Trends and Consumer Behavior - The demand for personal care products is stable but has shown a consistent price increase trend, driven by inflation and a shift towards health and natural product preferences among consumers [1][5] - The beauty industry is characterized by a long-term growth potential, with domestic brands continuing to gain market share. Current valuations have not yet returned to pre-2021 levels, indicating potential for valuation improvement [1][14] Future Growth Potential - The sanitary napkin market has reached a certain ceiling in domestic sales, but there is still room for growth in absorbent products like diapers and adult care items, as well as potential expansion into overseas markets [1][17] - The toothpaste market is also large, with opportunities for growth in related categories such as toothbrushes and mouthwash, indicating a robust growth outlook for the oral care sector [1][18] - The cotton soft towel market, as a new product category, has significant market potential due to its higher price point compared to traditional paper products, with companies like Weijian Medical expanding their product lines to enhance brand presence [1][19] Valuation Insights - Most personal care brands have not yet experienced the valuation premiums seen in 2021, with current valuations aligning with growth rates. However, as domestic brands continue to validate their growth, there is potential for increased valuation premiums in the future [1][20][21] - In the Hong Kong market, companies like Shangmei have a valuation of approximately 24 times earnings, while in the A-share market, Pulaoya's valuation is around 20 times, both indicating investment attractiveness [1][15]

特此公告 重庆登康口腔护理用品股份有限公司 重庆登康口腔护理用品股份有限公司 关于变更持续督导财务顾问主办人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 西南证券股份有限公司（以下简称"西南证券"）作为重庆机电控股（集团）公 司间接收购重庆登康口腔护理用品股份有限公司（以下简称"公司"）事项和重庆渝 富控股集团有限公司间接收购公司事项（以下简称"收购事项"）的财务顾问，目前 处于持续督导阶段。 公司于近日收到西南证券发来的《西南证券股份有限公司关于变更重庆机电控股 （集团）公司间接收购重庆登康口腔护理用品股份有限公司持续督导财务顾问主办人 的函》及《西南证券股份有限公司关于变更重庆渝富控股集团有限公司间接收购重庆 登康口腔护理用品股份有限公司持续督导财务顾问主办人的函》。原财务顾问主办人 王继亮先生因工作变动，无法继续担任收购事项的持续督导财务顾问主办人，其余人 员继续履行相关职责。 本次变更后，收购事项的持续督导财务顾问主办人为邬江先生、肖霁娱先生和高 正林先生，本次财务顾问主办人的变更不会对持续督导工作的质量和进度产生影响， 财务顾问团队将严格按 ...