苏宁易购集团股份有限公司董事、高级管理人员所持公司股份及其变动管理规则 第一章 总 则 第一条 为加强对上市公司董事、高级管理人员所持本公司股份及其变动的管 理，维护证券市场秩序，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》）、《上市公司董事和高级管 理人员所持本公司股份及其变动管理规则》《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10号——股份变动管理》《深圳证券交易 所上市公司自律监管指引第18号——股东及董事、高级管理人员减持股份》等法 律、行政法规和规章等规定，制定本规则。 第二条 本规则适用于公司董事、高级管理人员所持本公司股份及其变动的管 理。 第三条 上市公司董事、高级管理人员在买卖本公司股票前，应知悉《公司法》 《证券法》等法律、法规关于内幕交易、操纵市场等禁止行为的规定，不得进行 违法违规的交易。 苏宁易购集团股份有限公司董事、高级管理人员 所持公司股份及其变动管理规则 (2026 年 1 月修订) 第四条 上市公司所有董事、高级管理人员，应当遵守本规则。公司董事长为 公司董事、高级管理人员所持本公司股份及其变动 ...

证券代码：002024 证券简称：ST 易购 公告编号：2026-004 苏宁易购集团股份有限公司 关于召开 2026 年第一次临时股东会的通知 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。 一、召开会议的基本情况 （1）在股权登记日持有公司股份的普通股股东或其代理人。 于股权登记日2026年1月15日下午15:00收市后在中国证券登记结算有限责任公司深圳分 公司登记在册的公司全体普通股股东均有权出席股东会，并可以以书面形式委托代理人出席 会议和参加表决，该股东代理人不必是本公司股东（授权委托书模板详见附件2）。 1、股东会届次：2026年第一次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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》等法律、行 政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026年1月21日14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为2026年1 月21日 ...

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。 一、董事会会议召开情况 苏宁易购集团股份有限公司第八届董事会第三十九次会议于 2025 年 12 月 31 日以电子邮件方式发出会议通知，2026 年 1 月 4 日以通讯表决方式召开。 苏宁易购集团股份有限公司 第八届董事会第三十九次会议决议公告 本次会议应出席董事 8 人，实际出席会议董事 8 人（其中，以通讯表决方式 出席董事 8 人、委托出席董事 0 人）。本次会议由董事长任峻先生主持，会议的 召开符合《公司法》和《公司章程》的规定。 证券代码：002024 证券简称：ST 易购 公告编号：2026-002 公司独立董事召开了 2025 年度独立董事专门会议第三次会议审议通过本议 案内容。 具体内容详见 2026-003 号《关于为参股公司继续提供担保暨关联交易的公 告》。 2、逐项审议通过了《关于修订公司部分规章制度的议案》。 根据《上市公司信息披露管理办法》《上市公司治理准则》《上市公司信息披 露暂缓与豁免管理规定》《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 ...

Core Viewpoint - The restructuring plan for Suning.com (ST Yigou, 002024) has been approved by the Nanjing Intermediate People's Court, allowing the company to avoid bankruptcy liquidation and enter a debt repayment phase [3][8]. Group 1: Restructuring Details - The restructuring plan involves the injection of 100% equity of Suning Electric Group and Suning Holdings Group into a restructuring service trust, with a management period of 36 months from the court's approval [3][7]. - The total debt of the 38 companies in the Suning system amounts to 238.73 billion yuan, while the audited total assets are 96.839 billion yuan [8]. - The restructuring will not change the existing governance structure of Suning.com, as the involved shareholders are not the controlling shareholders or actual controllers of the company [4][9]. Group 2: Future Operations and Goals - Post-restructuring, the focus will be on asset disposal and reducing debt levels, with an emphasis on maintaining financial stability and ensuring timely delivery of residential projects [7][8]. - The company aims to optimize its existing business to achieve profitability before interest and taxes across all operations [8]. - Suning's various business segments, including retail and logistics, will continue to operate independently from the restructuring entities [9].

Core Viewpoint - The restructuring plan for Suning Group has been approved by the Nanjing Intermediate People's Court, allowing the injection of equity and asset rights into a restructuring service trust, which aims to stabilize the company's financial situation and manage its debt obligations [2][5]. Group 1: Restructuring Plan Details - Suning's restructuring plan includes the injection of 100% equity of Suning Electric Group and Suning Holdings Group into a restructuring service trust, with a management period of 36 months [2][5]. - The restructuring will not change the existing governance structure of Suning Easy Purchase, as the shareholders involved are not the controlling shareholders [2][5]. - The trust assets will be divided into two categories: operational retention and asset disposal, with the aim of forming a new management structure under New Suning Group and Nanjing Zhongcheng Asset Management Company [5]. Group 2: Financial Context - The total debt of the 38 companies under the Suning Group amounts to 238.73 billion yuan, while the audited total assets are 96.839 billion yuan, indicating a state of insolvency [6]. - The restructuring plan allows Suning to avoid bankruptcy liquidation, but the future operation and disposal of trust assets remain uncertain [6]. - The restructuring emphasizes maintaining financial stability and ensuring timely delivery of residential projects, with a focus on reducing liabilities and optimizing existing business operations [5][6].

Core Viewpoint - The 2026 first batch of 625 billion yuan funding plan has been issued to support the consumption market through a new round of "national subsidies" policy, aimed at stimulating consumer spending during the New Year and Spring Festival [3][4]. Group 1: Policy Implementation - The 2026 consumption goods replacement policy has been launched, with a focus on enhancing the "subsidy rate" for key consumer goods, including digital and smart products [5][6]. - The policy aims to provide direct financial benefits to consumers, with the central government continuing to allocate long-term special bonds to support the implementation of the replacement policy [7][8]. - The policy has been effective since its full implementation in September 2024, with over 480 million subsidies issued to consumers, promoting the adoption of green, low-carbon, and smart products [7][8]. Group 2: Market Impact - The New Year holiday saw a significant increase in consumer foot traffic, with a 110% rise in store visits nationwide, and sales of home appliances and 3C products (computers, communications, and consumer electronics) experiencing substantial growth [4][8]. - Specific sales figures during the holiday included a 170% increase in mobile phone sales and a 115% increase in smart watch sales, indicating a strong consumer response to the subsidy program [4][8]. Group 3: Policy Features - The 2026 policy emphasizes a combination of improving people's livelihoods and promoting consumption, with a focus on ensuring that subsidies reach consumers effectively [6][7]. - The policy will continue to support subsidies for automobiles, home appliances, and digital products while expanding the scope to include emerging fields such as smart devices [7][8]. - The government will enhance the management of the subsidy program, addressing issues such as fraudulent claims and ensuring efficient fund distribution and usage [8][9].

Core Viewpoint - The implementation of the "old for new" policy in 2026 aims to boost consumer spending, particularly in the automotive and home appliance sectors, with significant financial support from the government [1][4][14]. Policy Implementation - The National Development and Reform Commission (NDRC) and the Ministry of Finance announced a funding plan of 62.5 billion yuan to support the "old for new" policy, which includes subsidies for automobiles, home appliances, and digital products [1][4][15]. - The policy was officially launched on January 1, 2026, coinciding with the New Year holiday, to stimulate consumer demand [1][5][19]. Consumer Response - In Xi'an, most offline stores have begun to implement the new subsidy policy, offering around 1,000 yuan in subsidies for various products, including televisions and refrigerators [1][6][20]. - Data from Su Ning and other retailers indicate a significant increase in foot traffic and sales, with a 110% increase in customer visits and a substantial rise in sales of energy-efficient appliances [6][20][25]. Regional Impact - The "old for new" policy has been positively received in regions like Hebei, Henan, and Sichuan, where sales of home appliances and digital products surged, with Hebei reporting a 1.3-fold increase in sales compared to the previous year [7][8][22]. - The policy's effects are amplified by the holiday season, leading to increased consumer spending across various regions [8][22]. Subsidy Details - The 2026 policy features more precise coverage, focusing on automobiles, home appliances, and smart products, with specific subsidy amounts based on product categories [9][23]. - For automobiles, the subsidy for scrapping and replacing vehicles is capped at 20,000 yuan, with specific percentages for new energy and fuel vehicles [9][23]. Market Trends - The new policy is expected to accelerate the demand for high-efficiency and technologically advanced products in the home appliance and digital sectors, creating growth opportunities for manufacturers [10][24]. - The emphasis on energy efficiency and sustainability is likely to drive innovation and upgrades in the electronics and home appliance industries [11][25]. Regulatory Measures - The government has implemented strict measures to prevent fraud and ensure the proper distribution of subsidies, enhancing the policy's effectiveness and consumer trust [12][26].

Core Insights - The consumer electronics market in China is experiencing a surge in demand, driven by new government subsidy policies and the New Year holiday shopping season, with significant increases in foot traffic and sales of smartphones and smartwatches [1][3]. Group 1: Market Trends - The smartphone market is shifting towards higher quality and integrated experiences, with sales of high-end models (Pro, Max, Ultra) increasing to 62% during the New Year holiday, and the price range of 3500 to 6000 yuan becoming mainstream [2][3]. - Consumers are increasingly willing to pay for advanced AI capabilities in smartphones, focusing on practical solutions rather than just hardware specifications [2][3]. - The trend of "ecological purchasing" is emerging, with a notable increase in bundled purchases of smartphones and wearable devices, leading to a 97% rise in combined orders during the holiday period [3][4]. Group 2: Policy Impact - The new subsidy policy provides a 15% rebate (up to 500 yuan) for consumers purchasing certain electronic devices, including smartphones and wearables, which is expected to stimulate sales and enhance the synergy between product categories [3][4]. - The focus on energy efficiency and green products is reshaping consumer preferences, with more attention being paid to sustainability and long-term value in product design [5]. Group 3: Technological Advancements - AI is becoming a central feature in smartphones, enabling seamless integration across various user scenarios, which is expected to redefine the competitive landscape in the smartphone market [2][4]. - The demand for modular and repairable designs is increasing, as consumers seek longer-lasting products that can be upgraded rather than replaced [5].

Core Insights - The "National Subsidy" policy launched on January 1, 2026, has significantly boosted consumer demand for home appliances and electronics during the New Year holiday, with some e-commerce platforms reporting over 100% increase in foot traffic at offline stores [1][2] Group 1: National Subsidy Policy - The "National Subsidy" program includes a variety of products such as refrigerators, washing machines, televisions, air conditioners, and smart glasses, with a focus on energy-efficient and water-efficient models [1][2] - Consumers in Beijing can receive subsidies for purchasing eligible products through a designated app, which allows them to claim online or offline subsidies after completing identity verification [1] Group 2: E-commerce and Retail Impact - Major e-commerce platforms like JD.com and Tmall are competing for consumer attention by offering additional discounts and promotional events during the subsidy period, with Tmall providing up to 950 yuan in extra coupons [2] - Offline retail stores, particularly in Beijing, have seen a surge in customer traffic, with Su Ning reporting a 110% increase in foot traffic and a significant rise in sales of energy-efficient products during the holiday [2] Group 3: Instant Retail Trends - Instant retail platforms are capitalizing on holiday shopping trends, with significant sales increases in products appealing to younger consumers, such as craft beer and smartwatches, which saw over 100% and 610% year-on-year growth, respectively [3] - The shift in consumer behavior towards personalized and immediate shopping experiences is evident, as younger consumers prefer instant gratification over traditional bulk purchasing for holiday goods [3]

Group 1 - Yanjiang Co. plans to acquire control of Ningbo Yongqiang Technology Co., Ltd. through a combination of share issuance and cash payment, leading to a potential major asset restructuring [2] - Fangda Carbon has decided to terminate its participation in the substantial merger and restructuring of Shanshan Group due to insufficient due diligence and alignment with its strategic planning [3] - Tongling Nonferrous Metals announced a delay in the second phase of the Mirador copper mine project, which is expected to impact the company's operating performance in 2026 [4] Group 2 - Zhongkuang Resources has commenced trial production of its 30,000 tons per year high-purity lithium salt project, enhancing its competitive edge in the lithium salt business [5] - China Nuclear Power's Fujian Zhangzhou Nuclear Power Plant Unit 2 has completed a 168-hour full-power continuous operation assessment and is ready for commercial operation, increasing the company's operational nuclear units to 27 [6] - Guoxin Technology successfully tested its new neural network processor DPNPU, aimed at high-performance AI processing, although it is still in the early market introduction phase [7] Group 3 - Zhongjian Technology is set to initiate a collaborative development project in the field of intelligent robotics, focusing on applications and product line definitions [8] - Mengwang Technology signed a cooperation agreement worth 60 million yuan with Jiangxi Shenzhou Liuhe for the development and production of heavy-duty drone products [9] - Shengyi Technology has signed an investment intention agreement for a high-performance copper-clad laminate project, with an estimated investment of 4.5 billion yuan [10] Group 4 - Longpan Technology plans to invest 2 billion yuan in a high-performance lithium battery cathode material project, with a production capacity of 240,000 tons [11] - Tianlong Co. intends to acquire a 54.87% stake in Suzhou Haomibo Technology Co., Ltd. for 232 million yuan, expanding its presence in the sensor development field [12] - Shengyang Co. plans to acquire a 51% stake in Shenzhen Daren High-Tech Co., Ltd. for approximately 74.47 million yuan, enhancing its lithium battery management system capabilities [13] Group 5 - Jincai Hulin intends to acquire a 51% stake in Wuxi Sanli Robot Technology Co., Ltd. for 63.43 million yuan, extending its technology into the robot component manufacturing sector [14] - Jingwang Electronics has submitted an application for H-share listing on the Hong Kong Stock Exchange [15] - ST Yigou's restructuring plan has been approved by the court, allowing for the continuation of its operations [16] Group 6 - Guoguang Electric announced the lifting of restrictions on its general manager, who has returned to normal duties [17] - Fenghuang Shipping reported that its actual controller has been released from monitoring measures, with no significant impact on the company's operations [18] Group 7 - Longjian Co. reported a net profit of 405 million yuan for 2025, a decrease of 2.05% year-on-year [20] - Bailong Oriental expects a net profit increase of 46.34% to 70.73% for 2025, estimating between 600 million to 700 million yuan [21] - BYD's cumulative sales of new energy vehicles reached 4.602 million units in 2025, a year-on-year increase of 7.73% [22] Group 8 - Changan Automobile reported cumulative sales of 2.913 million vehicles in 2025, with total revenue of approximately 286 billion yuan [23] - Beiqi Blue Valley's subsidiary achieved a cumulative vehicle sales increase of 84.06% in 2025 [24] - ST Tianshan reported significant year-on-year increases in live livestock sales and revenue for December 2025 [25] Group 9 - Hunan Baiyin's shareholder reduced its stake to below 5%, with no significant impact on the company's governance structure [27] - Century Huatong plans to repurchase shares worth between 300 million to 600 million yuan [29] - Dongcheng Pharmaceutical intends to repurchase shares for an amount between 100 million to 200 million yuan [30] Group 10 - Guizhou Moutai has repurchased 87,059 shares for a total of 120 million yuan [31] - Ningde Times has repurchased 15.99 million A-shares for a total of 4.386 billion yuan [33]