Core Points - Zhongzhuang Construction announced the cancellation of treasury stock on October 16, 2025, which will impact the total share capital of the company [1] Summary by Sections Cancellation Reason and Share Quantity - On September 29, 2025, Zhongzhuang Construction held board and supervisory meetings, and on October 16, 2025, a temporary shareholders' meeting approved the proposal to cancel treasury stock. The company repurchased 942,200 shares (94.22 million shares) in 2022 through a dedicated securities account. According to regulations, unutilized repurchased shares must be canceled if not used within 36 months. Consequently, the 94.22 million shares will be canceled, reducing the total share capital from 961,078,193 shares to 960,135,993 shares [2] Creditor Rights and Declaration Process - The cancellation of treasury stock will lead to a reduction in registered capital. Creditors have 30 days from receiving the company's notice or 45 days from the announcement date (October 17, 2025) to declare their claims. Creditors can request debt repayment or guarantees with valid documentation. If creditors do not exercise their rights within the specified period, their claims remain valid, and the company will continue to fulfill its obligations as per the original agreements [3] Declaration Time and Specific Methods - Declaration registration will take place at a specified location in Shenzhen from October 17, 2025, to December 1, 2025, during designated hours. Various methods for declaration include mail, email, and fax, with specific instructions provided for each method. The declaration date will be determined by the postmark date for mail, the date received for email, and the date received for fax submissions [4]

| 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-136 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | | 深圳市中装建设集团股份有限公司 关于公司重整第一次债权人会议召开情况的公告 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。 深圳市中装建设集团股份有限公司（以下简称"公司"或"中装建设"）于 2025 年 8 月 20 日披露了《关于法院裁定受理公司重整暨公司股票交易将被实施退市 风险警示的公告》（公告编号：2025-091），广东省深圳市中级人民法院（以下简 称"深圳中院"）裁定受理东莞市铭尚贸易有限公司（以下简称"东莞铭尚"）对 公司的重整申请。 2025 年 8 月 21 日，公司披露了《关于收到法院决定书及指定重整管理人的 公告》（公告编号：2025-097），深圳中院指定国浩律师（深圳）事务所担任中装 建设重整期间的管理人（下称"管理人"）。 2025 年 8 月 22 日，公司披露了《关于公司重整启动债权申报及召开第一次 债权人会议通知的公告》 ...

广东华商律师事务所 关于深圳市中装建设集团股份有限公司 2025 年第二次临时股东会的 法律意见书 2025 年 10 月 深圳市福田区深南大道 4011 号香港中旅大厦 21A-3、22A、23A、24A、25A、26A， 电话：（86）755-83025555；传真：（86）755-83025068,83025058 邮编：518048；网址：huashanglawyer.com 广东华商律师事务所 关于深圳市中装建设集团股份有限公司 2025 年第二次临时股东会的 法律意见书 致：深圳市中装建设集团股份有限公司 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》"）及中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规及规范性文件的规定， 广东华商律师事务所（以下简称"本所"）接受深圳市中装建设集团股份有限公司 （以下简称"公司"）的委托，指派刘丽萍律师、袁锦律师出席了公司2025年第二 次临时股东会（以下简称"本次股东会"），就本次股东会的有关问题，依法出具 本法律意见书。 本法律意见书仅就本次股东会的召集和召开 ...

| 证券代码：002822 | 证券简称：*ST 中装 | 公告编号：2025-134 | | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | 深圳市中装建设集团股份有限公司 2025年第二次临时股东会决议公告 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、会议召开时间： (1) 现场会议时间：2025年10月16日（星期四）下午15:00 (2) 网络投票时间：2025年10月16日（星期四）。 其中，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：2025年10 月16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为：2025年10月16日9:15—15:00。 2、现场会议地点：深圳市罗湖区深南东路4002号鸿隆世纪广场四层公司牡 丹厅会议室 1 2、本次股东会未出现否决议案的情形。 3、本次股东会不涉及变更前次股东会决议的情况。 特别提示： 1、为尊重中小投资者利益，提高中小投资者对公司股东会决议的重大 ...

证券代码：002822 证券简称：*ST 中装 公告编号：2025-135 债券代码：127033 债券简称：中装转2 深圳市中装建设集团股份有限公司 关于公司注销回购专户库存股事宜通知债权人的公 告 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、 通知债权人的原因 深圳市中装建设集团股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日召开第五届董事会第三十一次会议和第五届监事会第十次会议，于 2025 年 10 月 16 日召开 2025 年第二次临时股东会，审议通过了《关于注销回购专户库存股 的议案》，公司于 2022 年通过回购专用证券账户以集中竞价交易方式回购公司股 份 942,200 股，根据相关法律法规和公司回购股份方案的相关规定，上市公司回 购股份用于员工持股计划或者股权激励的，若公司未能在披露回购结果暨股份变 动公告后 36 个月内实施，则未使用的回购股份将依法予以注销。因此，公司将 2022 年回购计划存放于回购专用账户中的 942,200 股已回购未使用股份按规定 予以注销。本次股份注销及减少注册资本事项完成后，公司股本总额 ...

| 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-133 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转 | 2 | | 深圳市中装建设集团股份有限公司 2025年第三季度可转换公司债券转股情况公告 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。 特别提示： "中装转 2"已于 2025 年 9 月 4 日起停止交易，已于 2025 年 9 月 19 日起 停止转股。 根据《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 15 号——可转换公司债券》的有关规定，深圳市中装建设集团股份有限 公司（以下简称 "公司"）现将 2025 年第三季度可转换公司债券（以下简称"可 转债"、"中装转 2"）转股及公司股份变动的情况公告如下： 一、可转债发行上市概况 经中国证券监督管理委员会（以下简称"中国证监会"）"证监许可[2021]666 号"文核准，深圳市中装建设集团股份有限公司于2021年4月16日公开发行了 1,160.00万张可转换公司债券，每张面值10 ...

1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - In Q3 2025, the overall default rate of bonds continued to decline, and the repayment rate increased significantly. There were no newly - added first - time default entities, and the default rate of private enterprise credit bonds decreased. The cumulative default repayment rate continued to rise, mainly due to debt restructuring of defaulting enterprises [1][8]. - The Zhongzhuang Construction convertible bond defaulted, and many construction - related enterprises triggered debt restructuring. The cash flow recovery efficiency of the construction industry is expected to improve, and the subsequent pressure may be alleviated [4]. 3. Summary According to the Table of Contents 3.1 2025 Q3: Overall Default Rate Continued to Decline, Repayment Rate Increased Significantly 3.1.1 Bond Default Rate - The overall default rate of credit bonds showed a downward trend. In Q3, there were no newly - added first - time substantial default entities. The total default scale of credit bonds in Q3 was 592 million yuan. From July to September, the overall default rates of credit bonds were 0.98%, 0.97%, and 0.96% respectively [8]. - The default rate of private enterprise credit bonds continued to decline. From July to September, the default amounts of private enterprise bonds were 1.671 billion yuan, 829 million yuan, and 2.126 billion yuan respectively; the default rates were 8.94%, 8.90%, and 8.89% respectively, lower than those in Q2 [8]. 3.1.2 Default Repayment Rate - The cumulative default repayment rate in Q3 2025 continued to rise. From July to September, the cumulative default repayment rates were 14.29%, 14.40%, and 14.42% respectively. The high repayment amount in July drove the repayment rate to rise significantly compared with the previous quarter [13]. - The principal repayment scale of default bonds increased compared with the previous quarter. The debt restructuring of private real - estate enterprises accelerated the bond repurchase progress. Longfor Group, Sunac Group, and Furi Group promoted debt restructuring, and Furi Group completed the merger and restructuring [16]. - In the future, enterprises such as CIFI and Zhenro Properties will successively launch domestic debt restructuring plans, and the default repayment rate of real - estate enterprises is expected to further increase. However, the cash repayment obtained by investors after the restructuring plan is reached is limited, and the overall interests are still difficult to guarantee [17]. 3.1.3 Credit Event Statistics - In Q3 2025, a total of 31 new default bonds were added to domestic bonds, with a total balance of 3.4677 billion yuan. Among them, 26 bonds reached an extension agreement, mostly second - time extensions of bonds of troubled real - estate industry entities. Other industries included Contemporary Technology (medical), Chuying Agriculture and Animal Husbandry (agriculture), and Pengbo Telecom (telecom). There were 5 first - time extension bonds and 4 substantial default bonds [20]. 3.1.4 Urban Investment Sentiment - In Q3 2025, the number of non - standard risk events of urban investment decreased by 3 compared with the previous quarter, mainly distributed in Shandong, Yunnan, and Sichuan. In terms of administrative levels, they were mainly distributed at the district - county and prefecture - city levels, with 3 and 2 cases respectively in Q3 2025, accounting for 60% and 40% respectively. The proportion of non - standard risk events of district - county - level urban investment decreased [24]. - The number of urban investment commercial paper overdue entities remained high. In July and August 2025, the number of urban investment entities with continuous commercial paper overdue (i.e., the acceptor had more than 3 times of bill overdue within 6 months) was 59 and 55 respectively, similar to the level in Q2 2025, and still mainly distributed in Shandong, Yunnan, Henan, Guizhou and other places [27]. 3.2 Hotspot Analysis: Zhongzhuang Construction Convertible Bond Default, Many Construction - Related Enterprises Triggered Restructuring - Zhongzhuang Construction is a private construction enterprise. Due to the adjustment of the real - estate industry in recent years, the company's construction decoration business has faced pressure, and its profit has been mainly contributed by the property management service business. In Q3 2025, the company's convertible bond stopped trading and converting shares. The non - converted scale was 192.5902 million yuan, and the non - converted proportion was 16.06% [30][31]. - Many private and mixed - ownership construction enterprises have defaulted on debts and undergone bankruptcy restructuring. For construction enterprises that have not yet encountered problems, the central government has recently issued the "Accelerating and Strengthening the Clearance of Arrears Owed to Enterprises" plan, which is expected to improve the cash flow recovery efficiency of the construction industry and relieve the subsequent pressure [44][45].

Group 1 - *ST Zhongzhuang held its 31st meeting of the 5th board of directors on September 29, 2025, discussing the proposal to cancel the repurchase account's treasury shares [1] - For the first half of 2025, *ST Zhongzhuang's revenue composition was 67.08% from property management and services, and 32.92% from the construction decoration industry [1] - As of the report date, *ST Zhongzhuang's market capitalization was 3.4 billion yuan [1]

深圳市中装建设集团股份有限公司（以下简称"公司"）于2025年9月29日 召开第五届董事会第三十一次会议，会议决议于2025年10月16日召开2025年第二 次临时股东会，本次股东会采用现场投票与网络投票相结合的方式召开，现将本 次会议的有关事项通知如下： 一、召开会议的基本情况 1、会议届次：2025年第二次临时股东会 2、会议召集人：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三十一次会议通过了《关 于提请召开公司2025年第二次临时股东会的议案》，本次股东会会议的召开符合 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。 | 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-132 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转 | 2 | | 深圳市中装建设集团股份有限公司 关于召开2025年第二次临时股东会的通知 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。 4、会议召开的时间： （1）现场会议时间：2025年10月16日（星期四 ...

| 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-130 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | | 深圳市中装建设集团股份有限公司 第五届监事会第十次会议决议的公告 本公司及监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。 深圳市中装建设集团股份有限公司（以下简称"公司"）第五届监事会第十次 会议通知于2025年9月26日以专人送达等形式向各位监事发出，会议于2025年9 月29日在公司会议室以现场结合通讯会议的方式召开。本次会议应出席监事3名， 实际出席3名。会议由监事会主席赵海荣女士召集和主持。本次会议的召集、召 开和表决程序均符合《公司法》等法律、法规及《公司章程》的有关规定，合法 有效。经与会监事认真审议，表决通过了如下议案： 一、会议以 3 票同意，0 票反对，0 票弃权的表决结果，审议通过《关于注 销回购专户库存股的议案》 该议案尚需提交公司 2025 年第二次临时股东会审议。 《关于注销回购专户库存股的公告》详见《中国证券报》《上海证券报》《证 券时 ...