信息披露义务人2：庄展诺 住所：深圳市南山区 通信地址：深圳市深南东路4002号鸿隆世纪广场四-五楼 联系电话：0755-83599233 证券代码：002822 证券简称：*ST 中装 债券代码：127033 证券简称：中装转 2 深圳市中装建设集团股份有限公司 简式权益变动报告书 上市公司名称：深圳市中装建设集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：*ST中装 股票代码：002822 信息披露义务人1：庄小红 住所：深圳市福田区 通信地址：深圳市深南东路4002号鸿隆世纪广场四-五楼 联系电话：0755-83599233 股份变动性质：司法拍卖致股份减少、可转债转股导致持股比例被动稀释 签署日期：2025 年 9 月 19 日 1 信息披露义务人声明 一、信息披露义务人根据《中华人民共和国公司法》《中华人民共和国证券法》 《公开发行证券的公司信息披露内容与格式准则第15号——权益变动报告书》（以 下简称"《准则15号》"）及相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反 信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依 ...

Core Viewpoint - The market is experiencing heightened expectations for a small amount of cash repayment for the convertible bond "Zhongzhuang Zhuan 2" as its last conversion day approaches on September 18 [2][4]. Group 1: Convertible Bond Details - The conversion period for "Zhongzhuang Zhuan 2" will officially end after the market closes on September 18, and any unconverted bonds will be treated as ordinary debt, with repayment amounts and timing pending the company's restructuring plan [4]. - The current conversion price for "Zhongzhuang Zhuan 2" is 3.79 yuan, while the stock price of *ST Zhongzhuang was 3.53 yuan at the close on September 17, indicating a conversion value of 93.14 yuan [4]. - The unconverted balance of "Zhongzhuang Zhuan 2" has decreased from 764 million yuan on September 1 to 266 million yuan by September 16, with the unconverted proportion dropping from 66.85% to 22.93% [4]. Group 2: Restructuring and Debt Repayment - The company is currently negotiating with industrial investors and is actively preparing the draft of the restructuring plan, which is in its basic framework stage [4]. - To protect creditor interests, the company plans to fully repay small ordinary creditors' claims in cash for amounts below 30,000 yuan, while amounts exceeding this will be settled in non-cash ways, with the specifics to be clarified in the restructuring plan [5]. - The company has entered a restructuring process as per the court's ruling, but there remains a risk of bankruptcy if the restructuring fails, which would lead to the termination of the company's stock listing [8]. Group 3: Historical Context and Investor Composition - Historically, companies undergoing restructuring have provided special treatment to small bondholders, ensuring full repayment for small claims while larger claims may be treated differently [7]. - The composition of "Zhongzhuang Zhuan 2" holders has changed significantly, now including large foreign institutions like UBS AG and various private equity products, indicating a shift in investor profile [8].

Core Viewpoint - The market is increasingly optimistic about the small amount of redemption expectations for the convertible bond "Zhongzhuang Zhuang 2" from *ST Zhongzhuang, as the last conversion day approaches on September 18 [1][3]. Summary by Sections Convertible Bond Conversion - The conversion period for Zhongzhuang Zhuang 2 will officially end after the market closes on September 18. If investors do not complete the conversion by then, the bonds will be treated as ordinary debts, with repayment amounts and timing pending the company's restructuring plan [3]. - The current conversion price for Zhongzhuang Zhuang 2 is 3.79 yuan, while the stock price of *ST Zhongzhuang was 3.53 yuan at the close on September 17, peaking at 3.66 yuan during the day. Based on the closing price, the conversion value of Zhongzhuang Zhuang 2 is 93.14 yuan [3]. Changes in Unconverted Bonds - As the final conversion date approaches, the unconverted balance of Zhongzhuang Zhuang 2 has decreased significantly, from 764 million yuan on September 1 to 266 million yuan on September 16, with the unconverted proportion dropping from 66.85% to 22.93%. This indicates that many investors have opted to convert their bonds into company stock before the restructuring [3]. Restructuring and Debt Repayment - Some investors are waiting for small amount redemption, passively accepting the restructuring repayment. According to the company's announcement, holders of unconverted Zhongzhuang Zhuang 2 can claim their debts after the last conversion day, based on their legal rights [3][4]. - The company expects to fully cash redeem small ordinary debts below a certain amount (estimated to be no less than 30,000 yuan) after consulting with creditors, but there is uncertainty regarding the final repayment plan [4]. Historical Context and Comparisons - Historically, companies undergoing restructuring have provided special treatment to small bondholders, often prioritizing full repayment of their debts. Examples include Zhengbang Convertible Bonds and Quanzhu Convertible Bonds, which had similar situations [6]. - The success of *ST Zhongzhuang's restructuring will determine future potential returns for investors, with the court having accepted the company's restructuring application. However, there remains a risk of bankruptcy if the restructuring fails [6]. Changes in Bondholder Composition - There has been a significant change in the composition of Zhongzhuang Zhuang 2 holders, with the latest reports indicating the presence of large foreign institutions like UBS AG and various private equity products among the bondholders [7].

| 证券代码：002822 | 证券简称：*ST 中装 | 公告编号：2025-127 | | --- | --- | --- | | 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 关于中装转2即将停止转股的重要提示性公告 bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb 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。 重要风险提示： 1、"中装转2"的最后一个转股日：2025年9月18日（星期四）。 2025年9月18日收市前，持有"中装转2"的投资者仍可进行转股，为避免 损失，敬请广大投资者注意及时转股。 2025年9月19日起，债券持有人不再享 有转股的权利。 2、2025 年 9 月 18 日收市后，仍未转股的"中装转 2"持有人可基于依法享 有的债权进行债权申报。公司被深圳市中级人民法院（以下简称"深圳中院"） 裁定受理重整后，鉴于公司债务结构复杂、债权人数众多、债权申报尚未结束， 公司正在与产业投资人进行协商，目前仍在积极编制《重整计划草案》，整体 框架已 ...

股票代码:002822 债券代码:127033 股票简称:ST 中装 债券简称:中装转 2 深圳市中装建设集团股份有限公司 公开发行可转换公司债券 第七次临时受托管理事务报告 (2025 年度) 债券受托管理人 乐兴证券股份有限公司 DONGXING SECURITIES CO.,LTD. 二〇二五年九月 1 重要声明 本报告依据《公司债券发行与交易管理办法》(以下简称"《管理办法》")、《深圳 市中装建设集团股份有限公司与东兴证券股份有限公司关于公开发行可转换公司债 券之受托管理协议》(以下简称"《受托管理协议》")、《深圳市中装建设集团股份有限 公司公开发行可转换公司债券募集说明书》(以下简称"《募集说明书》") 等相关公开 信息披露文件,由本次可转债受托管理人东兴证券股份有限公司(以下简称"东兴证 券")编制。东兴证券对本报告中所包含的从上述文件中引述内容和信息未进行独立 验证,也不就该等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任 何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见,投资者应对相关事宜 做出独立判断,而不应将本报告中的任何内容据以作为东兴证券所作的承诺或声明。 ...

Group 1 - The core viewpoint of the article indicates that the decoration and renovation sector experienced a decline of 0.75% on September 17, with Mingdiao Co. leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] - A detailed table of individual stocks in the decoration and renovation sector shows various closing prices and percentage changes, with ST Mingjia Hui at 3.98, up 2.05%, and ST Jianyi at 9.50, down 0.73% [1] Group 2 - The net capital flow in the decoration and renovation sector showed a net outflow of 135 million yuan from main funds, while retail investors contributed a net inflow of 135 million yuan [3] - The table of capital flow indicates that while main funds and speculative funds saw outflows, retail investors were the primary contributors to the inflow [3]

| 证券代码：002822 | 证券简称：*ST 中装 | 公告编号：2025-126 | | --- | --- | --- | | 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 关于中装转2即将停止转股的重要提示性公告 bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb 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。 重要风险提示： 1、"中装转2"的最后一个转股日：2025年9月18日（星期四）。 2025年9月18日收市前，持有"中装转2"的投资者仍可进行转股，为避免 损失，敬请广大投资者注意及时转股。 2025年9月19日起，债券持有人不再享 有转股的权利。 2、2025 年 9 月 18 日收市后，仍未转股的"中装转 2"持有人可基于依法享 有的债权进行债权申报。公司被深圳市中级人民法院（以下简称"深圳中院"） 裁定受理重整后，鉴于公司债务结构复杂、债权人数众多、债权申报尚未结束， 公司正在与产业投资人进行协商，目前仍在积极编制《重整计划草案》，整体 框架已 ...

Group 1 - The decoration and renovation sector increased by 1.16% on September 16, with *ST Zhongzhuang leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] - Key stocks in the decoration sector showed significant price increases, with *ST Zhongzhuang rising by 5.12% to a closing price of 3.49 [1] Group 2 - The main funds in the decoration sector experienced a net outflow of 109 million yuan, while retail investors saw a net inflow of 85.09 million yuan [2] - The trading volume for *ST Zhongzhuang was 223,800 hands, with a transaction amount of 77.47 million yuan [1] - The stock *ST Dongyi also saw a notable increase of 5.00%, closing at 5.04 with a trading volume of 187,600 hands [1] Group 3 - The net inflow of funds for *ST Zhongzhuang was 20.20 million yuan, representing 26.08% of the total [3] - In contrast, *ST Hainan Development experienced a net outflow of 34.93 million yuan, with a net fund share of 7.35% [3] - The overall trend indicates a mixed performance among individual stocks within the sector, with some experiencing significant inflows while others faced outflows [3]

Group 1: Industry Overview - The solid waste treatment sector is emerging as a new avenue for Chinese industries to expand overseas, driven by the ongoing green transformation of the "Belt and Road" initiative [1] - The global waste-to-energy market is projected to exceed $60 billion within five years, with most countries still in the early stages of development, representing a typical blue ocean market [1] - The demand for solid waste treatment is expected to grow as the global carbon neutrality process accelerates, providing opportunities for leading companies in the industry [3] Group 2: Company Highlights - Kangheng Environment is currently the largest Chinese company in the solid waste sector with overseas investments in 12 waste-to-energy projects, processing over 15,000 tons daily [1] - The company has established 90 industrial parks globally, providing environmental energy services to over 100 million people [1] - Kangheng Environment's self-developed SUS mechanical grate furnace has received EU CE certification and is utilized in over 300 waste-to-energy plants worldwide, with a daily processing capacity exceeding 300,000 tons, making it the top supplier of waste incineration equipment globally [1] - The company is recognized as a model for green innovation in China, as highlighted in the "National Development Achievements Commemorative Special Edition" by China Daily [2] Group 3: Strategic Developments - Kangheng Environment is participating in the restructuring of ST Zhongzhuang, which marks a significant step in capital operations [2] - The restructuring process has led to rapid business collaboration, including a contract for property services worth approximately 31.97 million yuan for Kangheng Environment's global headquarters [2] - Both companies are advancing an innovative business model called "Green Electricity Direct Supply AIDC," leveraging Kangheng Environment's annual green electricity supply capacity of 3.7 billion kilowatt-hours and ST Zhongzhuang's expertise in the IDC field [2]

Core Points - The actual controllers of *ST Zhongzhuang, Zhuang Xiaohong and Zhuang Zhannuo, experienced a change in their shareholding due to judicial auction and convertible bond conversion, resulting in a decrease in their shareholding ratio from 17.32% to 16.44% [1] - The total share capital increased from 888,863,632 shares to 920,907,012 shares due to the conversion of "Zhongzhuang Convertible Bond 2" [1] - The change in equity will not affect the controlling shareholder or the actual controllers of the company, nor will it impact the company's governance and operations [1]