Meeting Information - The 2025 Ninth Extraordinary General Meeting of Shareholders will be held on September 18, 2025, at 15:00 [1] - Voting will be conducted through both on-site and online platforms, with specific times for online voting provided [1] - Shareholders can vote via the Shenzhen Stock Exchange trading system and the internet voting system [1] Voting Rights and Procedures - All shareholders registered by the close of trading on September 12, 2025, are entitled to attend and vote at the meeting [2] - Shareholders holding more than 5% of shares, such as Mr. Liu Haiyun, will not exercise voting rights due to a commitment to waive them [2] - Proxy voting is allowed, and the proxy does not need to be a shareholder [2] Agenda Items - The meeting will review a proposal regarding the controlling shareholder's delay in fulfilling commitments to avoid competition [2][3] - Votes from minority investors will be counted separately, and results will be disclosed promptly [2] Registration and Attendance - Personal shareholders must present valid identification and proof of shareholding to attend [4] - Corporate shareholders must provide authorization documents for their representatives [5] - Remote shareholders can register via mail or fax, with a deadline of September 17, 2025, at 17:00 [5] Online Voting Process - Detailed procedures for participating in online voting are provided, including the need for identity verification [10] - The voting process will follow specific rules regarding the precedence of votes in case of duplicate submissions [10]

Core Viewpoint - The company is extending the commitment period to avoid industry competition for an additional two years due to challenges in the construction market and the need to protect shareholder interests [4][5][7]. Group 1: Background and Commitment - The company acquired 80% of Guangdong Jianxing Construction Group Co., Ltd., which constitutes a major asset restructuring [1]. - The controlling shareholder, Zhuhai Zhengfang Group Co., Ltd., made a commitment to avoid competition with the company for three years, which is now being extended [2][3]. Group 2: Industry Competition and Efforts - The main business of Jianxing Construction involves construction engineering, which overlaps with the operations of the controlling shareholder's other companies, leading to potential competition [2]. - The controlling shareholder has been actively working to resolve competition issues by delineating business scopes among its subsidiaries [3]. Group 3: Reasons for Commitment Extension - The construction market is facing significant challenges due to a downturn in the real estate sector and reduced government investment in infrastructure, leading to an oversupply in the market [4]. - The complexity of managing employee transitions and the need for shareholder agreement on any potential sales of competing entities have complicated the resolution of competition issues [4][5]. Group 4: Compliance and Future Plans - The extension of the commitment is compliant with regulatory requirements, allowing for changes in commitments due to uncontrollable external factors [5][7]. - The company plans to resolve competition issues by September 7, 2027, through various strategies including management delegation, asset restructuring, and seeking potential buyers for competing entities [5][6]. Group 5: Impact and Approval Process - The extension of the commitment is not expected to adversely affect the company's normal operations or the interests of shareholders, particularly minority shareholders [6][7]. - The independent board and supervisory board have reviewed and approved the extension, with the matter pending approval from the shareholders' meeting [7][8].

Group 1 - The company *ST Jianyi (SZ 002789) announced that its 13th meeting of the 5th Board of Directors was held on September 1, 2025, to review proposals including the convening of the 9th interim shareholders' meeting in 2025 [1] - For the first half of 2025, the company's revenue composition was as follows: construction engineering business accounted for 69.23%, construction decoration business accounted for 22.24%, commercial development business accounted for 3.23%, other industries accounted for 2.88%, and new energy business accounted for 1.87% [1] - As of the report date, the market capitalization of *ST Jianyi was 1.5 billion yuan [1]

一、原承诺背景及履行情况 （一）承诺背景 证券代码：002789 证券简称：*ST 建艺 公告编号：2025-120 深圳市建艺装饰集团股份有限公司 关于控股股东延期履行避免同业竞争承诺的公告 本公司及董事会全体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。 2022 年，深圳市建艺装饰集团股份有限公司（以下简称"公司""建艺集 团""上市公司"）以现金支付的方式收购广东建星建造集团有限公司 80%的股 权，该交易构成重大资产重组，控股股东珠海正方集团有限公司（以下简称"正 方集团"）于 2022 年 9 月 8 日向公司出具了《关于避免同业竞争的承诺函》。根 据《上市公司监管指引第 4 号—上市公司及其相关方承诺》等相关规定，正方集 团 3 年承诺期即将到期，拟将相关承诺履行期限延期 2 年，现将具体情况公告如 下： 1、业务划分及赋能 对于正方集团主导的工程项目，南粤建筑、建艺集团、建星建造，三个主体 各自有各自的经营范围，泾渭分明：建星建造跟进工程造价 1 亿元及以上的房建 总承包业务；建艺集团主要跟进装修装饰、幕墙、园林绿化等专业工程；南粤建 筑主要跟进市政工程以及小额房建 ...

证券代码：002789 证券简称：*ST 建艺 公告编号：2025-121 深圳市建艺装饰集团股份有限公司 关于召开 2025 年第九次临时股东大会的通知 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、召开会议的基本情况 1、股东大会届次：公司 2025 年第九次临时股东大会 2、召集人：公司第五届董事会 3、会议召开的合法、合规性：公司第五届董事会第十三次会议审议通过相 关议案，本次股东大会会议的召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》等的规定。 4、会议召开日期和时间 现场会议召开时间为：2025 年 9 月 18 日（星期四）15:00 网络投票时间为： 通过深圳证券交易所交易系统投票的具体时间为：2025 年 9 月 18 日 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具体时间：2025 年 9 月 18 日 9:15-15:00。 5、会议召开方式 本次股东大会采取现场表决与网络投票相结合的方式召开。公司将通过深圳 证券交易所交易系统和互联网投票系统（htt ...

证券代码：002789 证券简称：*ST 建艺 公告编号：2025-119 深圳市建艺装饰集团股份有限公司 第五届董事会第十三次会议决议公告 本公司及董事会全体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 深圳市建艺装饰集团股份有限公司（以下简称"公司"）第五届董事会第十 三次会议于 2025 年 9 月 1 日以联签方式召开。本次会议的会议通知以电子邮件 方式送达全体董事。会议应出席表决董事 9 人，实际出席董事 9 人，会议的召开 和表决程序符合《公司法》和《公司章程》等有关规定。 二、董事会会议审议情况 （一）审议通过《关于控股股东延期履行避免同业竞争承诺的议案》 具体内容详见同日披露于《证券时报》《中国证券报》《上海证券报》《证 券日报》及巨潮资讯网（http://www.cninfo.com.cn）《关于控股股东延期履行避 免同业竞争承诺的公告》。 本议案已经独立董事专门会议审议通过。 表决结果：同意 8 票，反对 0 票，弃权 0 票。关联董事石访先生已回避表决。 本议案尚需提交公司股东大会审议。 （二）审议通过《关于提议召开 2025 年第九 ...

Core Viewpoint - *ST Jianyi (002789) reported significant declines in revenue and net profit for the first half of 2025, indicating severe financial distress and operational challenges [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 1.958 billion yuan, a decrease of 28.37% year-on-year [1]. - The net profit attributable to shareholders was -188 million yuan, a staggering decline of 3486.81% compared to the previous year [1]. - In Q2 2025, total revenue was 1.192 billion yuan, down 36.64% year-on-year, with a net profit of -157 million yuan, reflecting a decline of 43874.14% [1]. - The gross margin fell to 4.92%, a decrease of 64.42% year-on-year, while the net margin was -10.13%, down 928.83% [1]. - The total of selling, administrative, and financial expenses reached 231 million yuan, accounting for 11.81% of total revenue, an increase of 39.81% year-on-year [1]. - Earnings per share dropped to -1.18 yuan, a decline of 3483.09% year-on-year [1]. Cash Flow and Debt Analysis - Cash flow from operating activities showed a drastic decline of 1749.31%, indicating reduced cash receipts compared to the previous year [3]. - The company’s cash and cash equivalents increased by 93.60% year-on-year, reaching 1.298 billion yuan [1]. - Interest-bearing liabilities rose by 16.04% to 3.38 billion yuan, raising concerns about the company's debt levels [1]. Business Model and Historical Performance - The company relies heavily on research and marketing for its business model, necessitating a thorough examination of these driving factors [4]. - Historical performance shows a median Return on Invested Capital (ROIC) of 6.65%, with a particularly poor ROIC of -44.54% in 2021 [4]. - The company has reported losses in four out of its eight annual reports since its listing, indicating a pattern of financial instability [4]. Recommendations for Monitoring - Attention is advised on the company's cash flow situation, with a cash to current liabilities ratio of only 25.17% [5]. - The debt situation is concerning, with an interest-bearing debt ratio of 31.14% and negative average operating cash flow over the past three years [5]. - Financial expenses have been consistently high, with negative average cash flow from operating activities over the last three years [5].

Core Insights - *ST Jianyi reported a revenue of 1.958 billion yuan for the first half of 2025, with the construction engineering business contributing 1.355 billion yuan, accounting for 69.23% of total revenue, and the decoration engineering business contributing 435 million yuan, accounting for 22.24% of total revenue [1][2] Group 1 - The company is leveraging its brand advantage to steadily grow its decoration business while utilizing its top-tier construction qualifications to expand its general contracting business [1] - The company aims to develop two core businesses, covering the entire construction industry chain, including investment, technology research, design, supply chain, construction, and smart management [1] - The company’s subsidiary, Jianxing Construction Group, received several awards for its projects, indicating strong performance in construction quality [1] Group 2 - Recently, the company secured over 350 million yuan in new orders, including projects in the Hong Kong market and related to renewable energy [2] - As of the report date, the company had signed contracts worth 2.2 billion yuan that are yet to be completed [2] - The company is transitioning from a single decoration business to a diversified strategy, focusing on large engineering platforms and expanding into five major regional markets across China [2]

Group 1 - The core viewpoint of the article highlights that *ST Jianyi is facing significant challenges in the construction decoration industry, characterized by intensified market competition and pressure on demand [1][2] - In the first half of 2025, the company achieved a revenue of approximately 1.958 billion yuan, ranking relatively high among its peers in the industry [1] - The gross profit margin of *ST Jianyi has declined due to increased market competition, resulting in a net loss of 188 million yuan attributable to shareholders [1] Group 2 - The company has seen a decrease in sales and management expenses, indicating a focus on cost control and efficiency during the industry adjustment period [1] - Recent market expansion efforts have led to the acquisition of orders totaling over 350 million yuan, including projects in Hong Kong and the renewable energy sector [1] - The net cash flow from financing activities has turned positive compared to the same period last year, suggesting that the company's financing channels remain open [1] Group 3 - The company is currently in an "adjustment period," with slight revenue decline and ongoing losses, necessitating continued efforts in cost management and customer structure optimization [2] - Long-term, *ST Jianyi is transitioning from a single decoration business to a diversified strategy, focusing on large engineering platforms and renewable energy technology [2] - The company's future success will depend on its ability to leverage support from its controlling shareholder to capitalize on high-quality development opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area [2]

Group 1 - The core viewpoint of the article highlights that *ST Jianyi is facing significant challenges in the construction and decoration industry, with intensified market competition and pressure on demand [1][2] - In the first half of 2025, Jianyi Group achieved operating revenue of 1.958 billion yuan, ranking among the top in its industry, only behind Jintanglang and Weiye Co., indicating a notable scale advantage [1] - The gross profit margin of Jianyi Group decreased compared to the same period last year, resulting in a net profit attributable to shareholders of -190 million yuan, reflecting ongoing pressure on profitability [1] Group 2 - Despite short-term operational pressures, the net cash flow from financing activities turned positive compared to the same period last year, indicating that Jianyi Group's financing channels remain unrestricted [2] - The company is undergoing an asset revitalization process supported by its controlling shareholder, optimizing its asset structure to enhance profitability and risk resistance [2] - Long-term, Jianyi Group is transitioning from a single decoration business to a diversified strategy, focusing on large engineering platforms and expanding into new energy technology and commercial development [2]