Core Viewpoint - Meizhi Co., Ltd. has confirmed that it has disclosed shareholder information in its periodic and quarterly reports [2] Group 1 - The company responded to investor inquiries on November 24 regarding its shareholder situation [2]

Group 1 - The core viewpoint of the news is that Meizhi Co., Ltd. has experienced a significant decline in its stock price, dropping 5.04% to 11.68 CNY per share, with a total market value of 1.58 billion CNY and a cumulative drop of 4.8% over three consecutive days [1] - Meizhi Co., Ltd. is primarily engaged in architectural decoration engineering design and construction, with its main business revenue composition being: decoration and renovation 53.35%, construction engineering 42.54%, engineering technical services 3.77%, decoration design 0.14%, materials and processing 0.12%, and rental 0.08% [1] - The company is located in Shenzhen, Guangdong Province, and was established on November 22, 1984, with its listing date on March 20, 2017 [1] Group 2 - Among the top ten circulating shareholders of Meizhi Co., Ltd., a fund under Nuoan Fund has entered the list, specifically Nuoan Multi-Strategy Mixed A (320016), which holds 1.44 million shares, accounting for 1.16% of circulating shares [2] - During the three-day decline, the floating loss for Nuoan Multi-Strategy Mixed A is approximately 893,300 CNY [2] - Nuoan Multi-Strategy Mixed A was established on August 9, 2011, with a latest scale of 1.855 billion CNY and has achieved a year-to-date return of 73.37%, ranking 205 out of 8,136 in its category [2]

Core Viewpoint - The resignation of two executives from Meizhi Co., Ltd. shortly after the release of the Q3 report raises concerns about the company's governance and performance, especially given the historical context of executive turnover following financial disclosures [1][2]. Executive Changes - Two executives, Li Suhua and Li Bi Jun, were removed from their positions as non-independent directors, with Li Bi Jun being the daughter of Li Suhua, the former actual controller of the company [1]. - The recent resignations follow a pattern of executive changes that have occurred after the release of quarterly reports, indicating potential governance issues within the company [1][2]. Company Background - Meizhi Co., Ltd. was founded in 1984 and initially struggled as a small decoration company, nearly facing bankruptcy before being revitalized by Li Suhua [2]. - In December 2020, Li Suhua transferred 29.99% of his shares to Guangdong Yijian, marking a significant change in control, with Guangdong Yijian becoming the new controlling shareholder [2]. Financial Performance - The company has reported continuous losses from 2021 to 2024, with net profits of -161 million, -143 million, -174 million, and -257 million yuan respectively [6]. - In the first half of 2023, revenue and net profit both declined significantly, with revenue dropping by 66.47% to approximately 123 million yuan and net profit loss of 34.76 million yuan, a 55.25% decrease year-on-year [6][12]. Legal Issues - Li Suhua is currently involved in a legal dispute with Guangdong Yijian regarding performance guarantees related to the company's financial results from 2021 to 2023, with a compensation amounting to approximately 348 million yuan [7][8]. - The ongoing litigation is in the second-instance stage, indicating unresolved issues that could impact the company's financial stability [8]. Business Operations - Meizhi Co., Ltd. focuses on decoration and renovation, with its main business segments including public building decoration and residential renovation [10]. - In the first half of 2023, the decoration segment accounted for 53.35% of total revenue, while construction engineering decoration contributed 42.54% [11][12]. Asset Management - To improve liquidity and focus on core business operations, the company announced plans to sell 50 properties with a total area of 3,097.90 square meters, with a minimum valuation of approximately 39.31 million yuan [10]. Financial Ratios - The company's debt-to-asset ratio has been increasing, reaching 95.05% in the first half of 2023, indicating a concerning level of financial leverage [12].

Core Viewpoint - Meizhi Co., Ltd. announced the nomination of Ms. Chang Lanping as a candidate for the non-independent director of the fifth board of directors [1] Company Summary - The board of directors of Meizhi Co., Ltd. has approved the nomination of Ms. Chang Lanping [1]

Core Viewpoint - Meizhi Co., Ltd. is transferring 50 real estate properties to optimize resource allocation and activate existing assets, with a total area of 3,097.90 square meters and a book value of 46.7025 million yuan [1] Group 1: Asset Transfer Details - The properties are located in Jianxin Tianchen Garden, Luoshu Bay Center, Naxiangshan Rainforest Resort, and Wuhan Xiyuan [1] - The assessed value of the properties is determined to be 39.3106 million yuan, based on a report from Zhonglian Asset Appraisal Group Co., Ltd. as of August 31, 2025 [1] - The buyer of the properties is Nanhai Zongheng Road and Bridge Construction Investment Co., Ltd., with the transaction price set at 39.3106 million yuan [1] Group 2: Future Actions - The company will sign a transaction contract with Nanhai Zongheng and handle the necessary procedures according to the conditions and requirements specified in the public listing announcement [1]

Group 1 - The core point of the article is that Meizhi Co., Ltd. held its 19th meeting of the fifth board of directors on November 13, 2025, to discuss adjustments to the board's specialized committee members [1] - For the first half of 2025, Meizhi's revenue composition was as follows: decoration construction accounted for 53.35%, building engineering construction 42.54%, engineering technical services 3.77%, decoration design 0.14%, and materials and processing 0.12% [1] - As of the report date, Meizhi's market capitalization was 1.7 billion yuan [1]

证券代码：002856 证券简称：美芝股份 公告编号：2025-070 深圳市美芝装饰设计工程股份有限公司 关于公开挂牌转让房产形成关联交易的公告 本公司及董事会全体成员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、关联交易概述 1. 为盘活存量资产、优化资源配置，深圳市美芝装饰设计工程股份有限公司（以 下简称"公司"）通过在广东联合产权交易中心公开挂牌的方式，转让 50 项房地产， 建筑面积合计为 3,097.90 平方米，分别位于建信天宸花园、螺蛳湾中心、那香山雨林 度假村、武汉玺院，账面价值合计 4,670.25 万元，以中联资产评估集团有限公司出具 的评估报告中所确定标的资产评估值 3,931.06 万元为底价（评估基准日为 2025 年 8 月 31 日）。 2. 公司通过广东联合产权交易中心获悉，上述房产受让方为佛山市南海纵横路 桥建设投资有限公司（以下简称"南海纵横"），成交价为 3,931.06 万元。后续公司 将按照挂牌公告规定的条件和要求与南海纵横签订交易合同，并办理相关手续。 3. 南海纵横为公司实际控制人佛山市南海区国有资产监督管理局（以下简称"南 海 ...

证券代码：002856 证券简称：美芝股份 公告编号：2025-071 鉴于公司董事会成员发生变动的情况，为保障公司董事会专门委员会各项工作的 深圳市美芝装饰设计工程股份有限公司 关于补选非独立董事暨调整董事会专门委员会委员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市美芝装饰设计工程股份有限公司（以下简称"公司"）于 2025 年 11 月 13 日召开第五届董事会第十九次会议审议通过了《关于补选第五届董事会非独立董 事的议案》《关于调整第五届董事会专门委员会委员的议案》，现将相关情况公告如 下： 一、提名董事候选人情况 公司董事会收到董事胡蝶女士提交的书面辞职报告，胡蝶女士因个人原因，申请 辞去公司第五届董事会非独立董事职务，同时一并辞去所担任的董事会审计委员会、 战略委员会相应职务，辞职后将不在公司担任任何职务。具体内容详见公司于 2025 年 11 月 4 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于董事、高管辞职的公 告》（公告编号：2025-068） 为保证公司治理结构的完善和公司的正常经营发展，经公司控股股东广 ...

证券代码：002856 证券简称：美芝股份 公告编号：2025-072 关于召开 2025 年第三次临时股东会的通知 本公司及董事会全体成员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、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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 1 号——主板上市公司规范运作》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： 深圳市美芝装饰设计工程股份有限公司 （1）现场会议时间：2025 年 12 月 01 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 01 日 9:15-9:25，9:30-11:30，13:00-15:00；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 12 月 01 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：20 ...

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