为配合控制权变更，高乐股份同步推出定增计划。公司拟以3.7元/股向黎曼云图关联方北京黎曼星图科技合伙企业（有限 合伙）（以下简称"黎曼星图"）发行不超过1.33亿股，募资总额不超过4.91亿元，募集资金将全部用于补充流动资金。发行完 成后，黎曼星图持股比例将不超过21.05%，王帆仍为公司实控人。 《详式权益变动报告书》显示，王帆，1991年11月份出生，无境外永久居留权，毕业于英国谢菲尔德大学。王帆主要从事 互联网及人工智能（AI）行业，其从2022年开始创业，2025年3月至今担任黎曼云图董事、经理、财务负责人，2025年11月份 至今担任北京黎曼星云科技合伙企业（有限合伙）、黎曼星图执行事务合伙人。 近年来，高乐股份持续面对经营挑战。2019年至今，高乐股份已连续六年归属于上市公司股东的净利润亏损。今年前三季 度，高乐股份归属于上市公司股东的净利润-1167.2万元，营收仅为2.26亿元。 财报显示，高乐股份的主营业务涵盖玩具和互联网教育两大板块。公司拥有"GOLDLOK"自主品牌及盲盒潮玩、电动玩具 等1000余种产品，并与华润万家、大润发、中国玩具反斗城等建立合作。公司主要产品包括电动火车玩具、互动 ...

Core Viewpoint - The stock of GaoLe Co., Ltd. experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% over two consecutive trading days, prompting an investigation by the company's board of directors [1] Group 1: Stock Performance and Investigation - The stock price of GaoLe Co., Ltd. rose significantly, leading to a review of the company's situation and verification of related matters concerning its controlling shareholders and actual controllers [1] - The board confirmed that there were no corrections or supplements needed for previously disclosed information, and no significant changes in the company's operational situation or external environment [1] - During the period of abnormal stock trading, the controlling shareholders and actual controllers did not buy or sell the company's stock [1] Group 2: Share Transfer and Future Plans - The largest shareholder has signed a share transfer agreement and a voting rights entrustment agreement with the transferee [1] - The company plans to issue shares to related parties of the transferee through a directed issuance, indicating a change in the controlling shareholder and actual controller is underway [1]

证券代码：002348 证券简称：高乐股份 公告编号：2025-046 广东高乐股份有限公司 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、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 广东高乐股份有限公司（以下简称"公司"）股票（证券简称： 高乐股份；证券代码：002348）于 2025 年 12 月 2 日、2025 年 12 月 3 日连续 2 个交易日收盘价格涨幅偏离值累计超过 20%，根据深圳证 券交易所的有关规定，属于股票交易异常波动的情况。 二、公司关注及核实情况说明 公司董事会对公司自身情况进行了核查并对公司、控股股东及实 际控制人就相关事项进行了核实，具体情况如下： 3、公司近期公司经营情况及内外部经营环境未发生重大变化。 4、目前公司、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、或处于筹划阶段的重大事项。 5、公司控股股东和实际控制人在公司股票交易异常波动期间未 买卖本公司股票。 三、是否存在应披露而未披露的说明 公司董事会确认，公司目前没有任何根据深交所《股票上市规则》 等有关规定应予以披露而未披露的事项，目 ...

北京博星证券投资顾问有限公司 | 第二节 | 序言 ····································································································5 | | | --- | --- | --- | | 第三节 | 财务顾问承诺与声明 ·············································································· | 6 | | | 一、财务顾问承诺 ······················································································· | 6 | | | 二、财务顾问声明 ······················································································· | 6 | | 第四节 | 财务顾问核查意见 ·························· ...

广东高乐股份有限公司募集资金管理制度 第一章 总则 第一条 为进一步规范广东高乐股份有限公司（以下简称"公司"）募集资 金的存放、使用和管理，保证募集资金安全，防范资金使用风险，提高募集资金 使用效益，根据《上市公司证券发行注册管理办法》《深圳证券交易所股票上市 规则》《上市公司募集资金监管规则》和《深圳证券交易所自律监管指引第 1 号--主板上市公司规范运作》等有关法律、法规和规范性文件以及《广东高乐股 份有限公司章程》（以下简称"《公司章程》"）的有关规定，结合公司实际情 况，制定本制度。 第三条 公司应当建立并完善募集资金存放、管理、使用、改变用途、监督 和责任追究的内部控制制度，明确募集资金使用的申请、分级审批权限、决策程 序、风险控制措施、信息披露要求和责任追究等，规范使用募集资金。公司董事 会应当持续关注募集资金存放、管理和使用情况，有效防范投资风险，提高募集 资金使用效益。公司的董事和高级管理人员应当勤勉尽责，确保公司募集资金安 全，不得操控公司擅自或变相改变募集资金用途。 第四条 募集资金投资项目（以下简称"募投项目"）通过公司的子公司或 公司控制的其他企业实施的，公司应当确保该子公司或受公司 ...

Core Viewpoint - The stock of Gao Le Co., Ltd. experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% in three consecutive trading days in 2025, prompting an official announcement regarding the situation [1] Summary by Relevant Sections - **Stock Price Fluctuation** The company announced that its stock price had an abnormal fluctuation, with a cumulative increase of over 20% over three consecutive trading days in 2025 [1] - **Investigation Findings** After investigation, it was confirmed that there was no need to correct or supplement previous information, and no undisclosed significant information affecting the stock price was found. The operational and external environment remains unchanged [1] - **Shareholder Actions** The largest shareholder has signed a share transfer and voting rights entrustment agreement. The company plans to conduct a targeted issuance of new shares, and there will be changes in the controlling shareholder and actual controller, with related matters currently in progress [1]

| 代码 | 简称 | 收盘价（元） | 换手率（%） | 涨停板封单（万股） | 封单资金（万元） | 行业 | | --- | --- | --- | --- | --- | --- | --- | | 000678 | 襄阳轴承 | 15.75 | 17.02 | 8577.76 | 135099.66 | 汽车 | | 600343 | 航天动力 | 26.55 | 23.26 | 2611.55 | 69336.52 | 机械设备 | | 600707 | 彩虹股份 | 6.36 | 4.38 | 9274.86 | 58988.10 | 电子 | | 002348 | 高乐股份 | 5.82 | 0.26 | 9716.56 | 56550.39 | 轻工制造 | | 600783 | 鲁信创投 | 16.13 | 2.84 | 3083.41 | 49735.40 | 机械设备 | | 002519 | 银河电子 | 6.52 | 26.73 | 6377.45 | 41580.98 | 国防军工 | | 002353 | 杰瑞股份 | 65.91 | 1.97 | 518.03 | 34143 ...

Core Viewpoint - The ownership of GaoLe Co., Ltd. has changed hands for the second time since its listing, with Beijing Lieman Yuntu Technology Co., Ltd. becoming the new controlling shareholder, led by Wang Fan, a young entrepreneur with an AI background [2][7]. Group 1: Ownership Change - GaoLe Co., Ltd. announced on December 1 that its controlling shareholder will change to Beijing Lieman Yuntu Technology Co., Ltd., with Wang Fan as the actual controller [2]. - The previous owner, Huadong Group, successfully cashed out 410 million yuan through a share transfer and voting rights delegation, recovering its initial investment of 290 million yuan [3][5]. - The share transfer involved Huadong Group transferring 94.72 million shares (10% of total shares) and delegating voting rights for 37.88 million shares (4% of total shares) to Lieman Yuntu [3][4]. Group 2: Company Performance and Challenges - GaoLe Co., Ltd. has faced continuous losses for six years, with net profits of -83.62 million yuan, -61.97 million yuan, -57.29 million yuan, and -11.67 million yuan from 2022 to the first three quarters of 2025 [6][9]. - The company's attempts to diversify from toy manufacturing to education and new energy have not yielded expected results, leading to a reliance on traditional toy manufacturing amidst declining birth rates and the rise of electronic entertainment [9]. - The new controlling shareholder, Lieman Yuntu, plans to raise up to 491 million yuan to support liquidity, indicating a potential shift towards AI integration, although the company has yet to commence actual operations [7][9]. Group 3: Market Reaction - Following the announcement of the ownership change, GaoLe Co., Ltd.'s stock price rose by 9.98% to 5.29 yuan per share, with a notable increase of 10.07% on the day of the announcement [2][6].

Core Viewpoint - Guangdong Gaole Co., Ltd. is undergoing a significant change in control, transferring its controlling stake from Huadong Group to Beijing Lieman Yuntu Technology Co., Ltd., with Wang Fan becoming the new actual controller [2][3]. Group 1: Control Transfer - Huadong Group signed an agreement on November 30 to transfer 10% of its shares in Gaole Co. to Lieman Yuntu and delegated voting rights for an additional 4% of shares, resulting in Lieman Yuntu controlling 21.74% of the voting rights post-transaction [2]. - Following the control transfer, Gaole Co. announced a plan to raise 491 million yuan through a private placement, issuing shares at 3.7 yuan each to Lieman Yuntu's affiliate, Lieman Xingtou [2]. Group 2: Financial Performance - Gaole Co. has faced challenges, including a lack of innovation and operational efficiency, leading to six consecutive years of net profit losses since 2019 [3]. - For the first three quarters of 2025, Gaole Co. reported a net loss of 11.67 million yuan and revenue of only 226 million yuan [3].

Core Viewpoint - The traditional toy company GaoLe Co., Ltd. has undergone a change in control, with Beijing LiMan YunTu Technology Co., Ltd. becoming the controlling shareholder and Wang Fan as the actual controller, effective from December 2, following a one-week suspension of trading [1][3]. Group 1: Control Change Details - GaoLe's stock was suspended after the announcement of a potential change in control due to the first major shareholder, Huatong Group, planning to transfer its shares [3]. - Huatong Group, a leading agricultural enterprise, became GaoLe's controlling shareholder in late 2022 through share transfer and voting rights delegation [3][6]. - LiMan YunTu signed a share transfer agreement with Huatong Group to acquire 94.72 million shares, representing 10% of the total share capital, and will hold approximately 206 million shares, or 21.74% of the total, post-transfer [3][4]. Group 2: Financial and Operational Aspects - GaoLe plans to issue A-shares to raise up to 491 million yuan (approximately 71 million USD) for working capital, with LiMan XingTu, an affiliate of LiMan YunTu, expected to hold about 132 million shares, or 12.28% of the total share capital [4]. - GaoLe has over 1,000 toy products, including collaborations with Disney and Hello Kitty, and is a leading exporter of electronic plastic toys in China [1]. Group 3: Historical Context - The Yang family, the original founders of GaoLe, controlled the company since its establishment in 1986 until the recent changes [6]. - The Yang family cashed out approximately 518 million yuan (around 75 million USD) during the control change in 2022, retaining 7.74% of the shares post-transaction [6].