Market Overview - On November 6, the real estate development sector declined by 0.21% compared to the previous trading day, with *ST Nan Zhi leading the decline [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Notable gainers in the real estate sector included: - Yudai Development (code: 000514) with a closing price of 5.81, up 10.04% and a trading volume of 914,800 shares, totaling 511 million yuan [1] - Caixin Development (code: 000838) with a closing price of 3.52, up 10.00% and a trading volume of 1,487,200 shares, totaling 499 million yuan [1] - Conversely, *ST Nan Zhi (code: 002305) closed at 2.42, down 4.35% with a trading volume of 762,600 shares, totaling 186 million yuan [2] Capital Flow - The real estate development sector experienced a net outflow of 582 million yuan from institutional investors, while retail investors saw a net inflow of 617 million yuan [2] - The capital flow for specific stocks showed: - Caixin Development had a net inflow of 11.9 million yuan from institutional investors, but a net outflow of 62.16 million yuan from retail investors [3] - Yudai Development had a net inflow of 97.83 million yuan from institutional investors, with a net outflow of 27.29 million yuan from retail investors [3]

Summary of the Extraordinary General Meeting of Shareholders Core Viewpoint The extraordinary general meeting of shareholders of Nanguo Real Estate Co., Ltd. was held on October 31, 2025, where all proposals were approved without any dissenting votes. The meeting focused on significant asset restructuring and related transactions. Meeting Details - The meeting was held on October 31, 2025, at 14:30, with both on-site and online voting options available [3][5]. - The location of the meeting was at the Financial Service Center, Huazhong Xiaoguishan Financial Culture Park, Wuhan [4]. - The meeting was convened by the board of directors, chaired by Mr. Li Mingxuan [6][7]. Attendance - A total of 1,071 shareholders and authorized representatives attended, representing 937,818,101 voting shares, which is 54.08% of the total voting shares [8]. - Among them, 1,036 shareholders participated via online voting, representing 169,323,335 shares, or 9.76% of the total [8][10]. - Small and medium-sized shareholders accounted for 13.59% of the voting shares present [9]. Proposal Voting Results 1. **Major Asset Restructuring Compliance**: - Approved by 206,716,004 shares, 87.73% of the valid votes [11]. 2. **Related Party Transactions**: - Approved by 206,405,104 shares, 87.60% of the valid votes [12]. 3. **Major Asset Sale and Related Transactions**: - Approved by 206,615,604 shares, 87.69% of the valid votes [13][14]. 4. **Transaction Counterparty**: - Approved by 206,610,204 shares, 87.69% of the valid votes [15]. 5. **Asset Pricing and Payment Methods**: - Approved by 206,477,204 shares, 87.63% of the valid votes [17][19]. 6. **Transition Period Profit and Loss Arrangement**: - Approved by 206,448,004 shares, 87.62% of the valid votes [20]. 7. **Delivery of Assets**: - Approved by 206,510,204 shares, 87.65% of the valid votes [21]. 8. **Liability for Breach**: - Approved [23]. 9. **Debt and Employee Arrangements**: - Approved by 206,606,404 shares, 87.69% of the valid votes [24]. 10. **Validity of Resolutions**: - Approved by 206,610,804 shares, 87.69% of the valid votes [25]. 11. **Approval of Transaction Reports**: - Approved by 206,600,704 shares, 87.69% of the valid votes [33]. 12. **Independent Assessment of Transaction**: - Approved by 206,737,104 shares, 87.74% of the valid votes [34]. 13. **Impact on Immediate Returns**: - Approved by 206,465,204 shares, 87.63% of the valid votes [35]. 14. **Special Self-Inspection Report**: - Approved by 206,737,104 shares, 87.74% of the valid votes [36]. 15. **Authorization for Board to Handle Transactions**: - Approved by 206,531,704 shares, 87.66% of the valid votes [37]. 16. **Amendments to Company Articles**: - Approved by 908,509,801 shares, 96.87% of the valid votes [39]. 17. **Amendments to Meeting Rules**: - Approved by 908,861,301 shares, 96.91% of the valid votes [40]. 18. **Amendments to Board Meeting Rules**: - Approved by 908,752,901 shares, 96.90% of the valid votes [41]. 19. **Abolition of Supervisory Meeting Rules**: - Approved by 908,539,801 shares, 96.88% of the valid votes [42]. Legal Opinion The legal opinion provided by Hubei Huajun Law Firm confirmed that the meeting was convened and conducted in accordance with relevant laws and regulations, and all resolutions passed are valid [43]. Documents for Reference 1. Resolutions from the third extraordinary general meeting of shareholders in 2025 2. Legal opinion from Hubei Huajun Law Firm [44].

证券代码:002305 证券简称:*ST 南置 公告编号:2025-079 号 南国置业股份有限公司 2025 年第三次临时股东大会决议公告 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，不存在虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1．本次股东大会未出现否决提案的情形。 2．本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开的日期和时间 （1）现场会议召开时间为：2025年10月31日(星期五)下午14:30 （2）网络投票时间为：2025年10月31日 其中，通过深圳证券交易所交易系统进行网络投票的时间为：2025年10月31 日的交易时间，即9:15—9:25，9:30—11:30和13:00—15:00；通过深圳证券交 易所互联网投票系统投票的时间为2025年10月31日09:15至15:00期间的任意时 间。 （二）会议出席情况 1、出席会议的总体情况 出席本次股东大会的股东及股东授权委托代表1,071人，代表有表决权股份 937,818,101股，占公司有表决权股份总数的54.0774%； 其中，通过现场投票的股东及股东授权 ...

华 隽 律 师 事 务 所 HUA JUN & CO. 关于南国置业股份有限公司 2025 年第三次临时股东大会的 法律意见书 二零二五年十月三十一日 1 湖北华隽律师事务所 关于南国置业股份有限公司 2025 年第三次临时股东大会的法律意见书 致:南国置业股份有限公司 根据《中华人民共和国证券法》(以下简称《证券法》)、《中华 人民共和国公司法》(以下简称《公司法》)和中国证券监督管理委员 会(以下简称中国证监会)关于《上市公司股东会规则》(以下简称《规 则》)等法律、法规和规范性文件的要求，湖北华隽律师事务所(以下 简称本所)接受南国置业股份有限公司(以下简称公司)委托，指派本 所律师出席公司 2025 年第三次临时股东大会(以下简称本次股东大 会)，并出具本法律意见书。 为出具本法律意见书，本所律师对公司本次股东大会所涉及的有 关事项进行了审查，查阅了本所律师认为出具本法律意见书所必须查 阅的文件，并对有关问题进行了必要的核查和验证。在本法律意见书 中，本所律师根据《规则》的要求，仅对公司本次股东大会的召集、 召开程序、出席人员的资格、新议案的提出、股东大会表决程序和表 决结果的合法性发表意见，而不对本 ...

Group 1: Stock Issuance and Trading Alerts - Multiple stocks experienced significant abnormal fluctuations, including 香农芯创 (300475) and 天普股份 (605255) with announcements on October 24 and 21 respectively[1] - 盈新发展 (000620) and *ST宝鹰 (002047) had announcements on October 30 indicating potential trading alerts[1] - A total of 30 stocks were flagged for abnormal trading activities on October 30, indicating a heightened market volatility[1] Group 2: Recent Announcements - 许多公司如 ST万方 (000638) and 农心科技 (001231) had their announcements published on October 27, indicating ongoing corporate activities[2] - The report includes links to detailed announcements for 30 different stocks, providing transparency and access to information for investors[2] - The announcements cover a range of sectors, highlighting the diverse nature of the market and the potential for investment opportunities[2]

Financial Performance - The company's operating revenue for the third quarter was ¥194,297,838.99, a decrease of 61.26% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥412,234,367.52, representing a decline of 72.51% year-on-year[5]. - The basic earnings per share were -¥0.2377, down 72.50% from the previous year[5]. - Total revenue for the third quarter was CNY 1,013,850,330.86, a decrease of 45.4% compared to CNY 1,857,226,754.64 in the same period last year[18]. - The company's net profit for the current period is -1,414,683,412.11 CNY, compared to -256,676,401.44 CNY in the previous period, indicating a significant increase in losses[20]. - Operating profit for the current period is -1,397,450,617.94 CNY, compared to -264,811,956.33 CNY in the previous period, reflecting a worsening operational performance[20]. - Total comprehensive income for the current period is -1,414,683,412.11 CNY, compared to -256,676,401.44 CNY in the previous period, showing a substantial decline[20]. - Basic and diluted earnings per share for the current period are both -0.7554 CNY, compared to -0.1353 CNY in the previous period, indicating a deterioration in earnings[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,722,509,778.30, a decrease of 6.34% from the end of the previous year[5]. - Total assets decreased to CNY 19,722,509,778.30 from CNY 21,058,044,676.67, indicating a decline of 6.4%[16]. - Total liabilities increased slightly to CNY 21,707,013,147.90 from CNY 21,634,353,141.28, a marginal increase of 0.3%[16]. - The company's equity attributable to shareholders decreased to CNY -3,063,208,162.86 from CNY -1,753,148,880.36, indicating a worsening of 74.8%[16]. - Non-current liabilities decreased to CNY 3,611,065,786.71 from CNY 4,195,983,706.78, a decrease of 13.9%[16]. Cash Flow - Cash flow from operating activities increased by 119.06% year-on-year, amounting to ¥202,767,622.57[5][8]. - Cash flow from operating activities generated a net inflow of 202,767,622.57 CNY, a recovery from a net outflow of -1,063,577,859.93 CNY in the previous period[22]. - Cash flow from investing activities generated a net inflow of 119,537,907.75 CNY, compared to a net outflow of -151,168,197.99 CNY in the previous period, showing improved investment cash flow[22]. - Cash flow from financing activities resulted in a net outflow of -408,210,095.82 CNY, compared to -34,691,476.82 CNY in the previous period, indicating increased financing costs[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,284[11]. - The largest shareholder, China Power Construction Real Estate Group Co., Ltd., held 22.43% of the shares[11]. Operational Metrics - The company reported a 45.41% decline in operating income due to a significant reduction in the number and scale of projects recognized for revenue[7]. - The company experienced a 1452.17% increase in taxes and surcharges, attributed to additional land value tax assessments[8]. - The company’s financial expenses rose by 32.32% year-on-year due to changes in the external financing environment[8]. - Total operating costs amounted to CNY 2,133,217,121.27, down 18.8% from CNY 2,626,013,283.63 year-over-year[18]. - Sales revenue from goods and services received cash of 1,473,468,584.43 CNY, down from 1,701,533,511.80 CNY in the previous period[21]. - Cash outflow for purchasing goods and services was 947,877,379.08 CNY, compared to 1,330,072,901.27 CNY in the previous period, indicating reduced expenditure[22]. Inventory and Receivables - Cash and cash equivalents at the end of the period were CNY 472,832,814.43, down from CNY 587,594,612.39 at the beginning of the period, representing a decrease of 19.5%[14]. - Accounts receivable decreased to CNY 210,641,409.21 from CNY 324,732,794.67, reflecting a decline of 35.1%[14]. - Inventory decreased to CNY 9,173,189,631.53 from CNY 9,687,404,787.79, a reduction of 5.3%[15]. Audit Status - The company has not undergone an audit for the third quarter financial report[24].

Core Points - The rental and sales rights concept declined by 1.06%, ranking among the top declines in concept sectors as of October 29 [1] - Major stocks in this sector, such as *ST Nanzhi, Shoukai Co., and Debi Group, experienced significant declines, while a few stocks like Hefei Urban Construction and Binhai Group saw gains [1][2] Market Performance - The rental and sales rights sector saw a net outflow of 539 million yuan, with 21 stocks experiencing net outflows, and 10 stocks seeing outflows exceeding 10 million yuan [1] - Shoukai Co. led the outflow with a net withdrawal of 311 million yuan, followed by Zhangjiang Hi-Tech and *ST Nanzhi [1][2] Stock Movements - The top gainers in the rental and sales rights sector included Hefei Urban Construction (up 2.08%), Binhai Group (up 1.71%), and Tianjian Group (up 0.78%) [1] - Conversely, the largest declines were seen in Shoukai Co. (down 8.58%), Zhangjiang Hi-Tech (down 0.36%), and *ST Nanzhi (down 4.83%) [1][2]

Core Viewpoint - *ST Nanzhi's stock reached the daily limit with a price of 2.82 yuan, reflecting a 5.08% increase, driven by significant asset restructuring, a shift towards light asset business transformation, and improved financial indicators [1] Group 1: Asset Restructuring - Nanguo Real Estate plans to sell its real estate development business assets to its controlling shareholder for 1 yuan, which will help to divest loss-making assets and improve the company's financial condition [1] - Post-transaction, the projected net profit for 2024 is expected to shift from -2.238 billion yuan to +225 million yuan, and net assets will turn from negative to positive, indicating the positive impact of the asset restructuring [1] Group 2: Business Transformation - The company, originally focused on real estate development, intends to divest this business and transition towards light asset operations, including commercial operations and urban management, aligning with industry development trends [1] - This transformation positions the company to become a listed platform for urban comprehensive operation business within the China Electric Power Construction Group, focusing on commercial operations, office management, and supporting consulting services [1] Group 3: Market Performance - On October 27, 2025, *ST Nanzhi was included in the "Dragon and Tiger List," with institutional net buying contributing to a transaction volume of 17.6911 million yuan, indicating positive sentiment from institutional investors [1] - The current real estate development sector is experiencing active performance among certain stocks due to policy influences, creating a certain level of sectoral linkage effect [1]

证券代码：002305 证券简称：*ST 南置 公告编号：2025-076 号 南国置业股份有限公司 3、公司于 2025 年 10 月 15 日召开第七届董事会第二次临时会议，审议通过了 《关于<南国置业股份有限公司重大资产出售暨关联交易报告书（草案）（修订稿）>及 其摘要的议案》等相关议案，公司拟向控股股东中国电建地产集团有限公司的全资子 公司上海泷临置业有限公司转让房地产开发、租赁业务相关资产及负债。具体内容详 见公司于 10 月 16 日在指定信息披露媒体上披露的《南国置业股份有限公司重大资产 出售暨关联交易报告书（草案）（修订稿）》等相关公告；公司于 2025 年 10 月 16 日披 露了《关于召开 2025 年第三次临时股东大会的通知》，拟于 2025 年 10 月 31 日召开 2025 年第三次临时股东大会审议本次交易的相关议案。 4、经核查，公司、控股股东和实际控制人不存在关于公司的应披露而未披露的重 大事项； 股票交易异常波动公告 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，不存在虚假记载、误导 性陈述或者重大遗漏。 一、股票交易异常波动的情况介绍 南国置业股份有限公司(以下简 ...

证券代码：002305 证券简称：*ST 南置 公告编号：2025-077 号 南国置业股份有限公司 关于公司重大资产重组将导致的关联方非经营资金 往来全部清理的公告 公司于2025年9月17日召开的第七届董事会第一次临时会议及2025年10月15 日召开的第七届董事会第二次临时会议，审议通过了本次交易的相关议案。详见 公司于2025年9月18日和2025年10月16日分别在指定信息披露媒体披露的相关公 告。 一、关联方非经营资金往来情况 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，不存在虚假记载、 误导性陈述或者重大遗漏。 南国置业股份有限公司（以下简称"公司"或"南国置业"）拟将房地产开 发、租赁业务相关资产及负债出售给控股股东中国电建地产集团有限公司的全资 子公司上海泷临置业有限公司（以下简称"本次交易"）。 根据本次交易的备考财务报表，截至2025年4月30日，本次交易的标的公司 或其子公司对公司保留在体内的子公司存在尚未偿还的其他应付款项，合计余额 15,053.34万元。交易对方已在《资产出售协议》中承诺将于本次交易的股东大会 召开前清理完毕。 二、关联方非经营资金往来情况 截至本公告披 ...