Core Points - The company Xiangshan Co., Ltd. announced that major shareholder Zhao Yukun has notified the company of his plan to reduce his shareholding [1] - Zhao Yukun reduced his holdings by a total of 2.10% of the company's total share capital, amounting to 2,771,300 shares during the period from November 19 to November 20, 2025 [1] - From October 20 to November 20, 2025, Zhao Yukun cumulatively reduced his holdings by 1,300,000 shares and 2,600,000 shares, representing 0.98% and 1.97% of the total share capital, respectively [1] Summary by Categories Shareholder Activity - Zhao Yukun, a shareholder holding more than 5% of the company, has completed his share reduction plan [1] - The reduction was executed through centralized trading and block trading methods [1] Shareholding Changes - The total shares reduced by Zhao Yukun during the specified periods were 2,771,300 shares, which is 2.10% of the total share capital [1] - The specific reductions during the earlier period were 1,300,000 shares (0.98%) and 2,600,000 shares (1.97%), with adjusted percentages of 1.00% and 2.00% when excluding the company's repurchase account [1]

Core Points - Zhao Yukun, a shareholder of Xiangshan Co., reduced his stake in the company by 2.10%, selling a total of 2.7713 million shares from November 19 to November 20, 2025 [1] - After the reduction, Zhao Yukun holds 17.04 million shares, decreasing his ownership percentage from 15.85% to 12.90% [1] - This share reduction was part of a previously disclosed plan and has been fully executed, with no significant impact on the company's governance structure or ongoing operations [1]

证券代码：002870 证券简称：香山股份 公告编号：2025-078 广东香山衡器集团股份有限公司 关于持股5%以上股东权益变动触及1%整数倍暨 股份减持计划实施完毕的公告 股东赵玉昆先生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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 广东香山衡器集团股份有限公司（以下简称"公司"）于 2025 年 9 月 8 日在 巨潮资讯网（www.cninfo.com.cn）等选定信息披露媒体披露了《关于持股 5%以 上股东减持计划的预披露公告》（公告编号：2025-063）。公司持股 5%以上股东 赵玉昆先生拟于上述公告披露之日起十五个交易日后的三个月内（即 2025 年 9 月 29 日至 2025 年 12 月 28 日）通过集中竞价、大宗交易方式减持本公司股份不 超过 3,915,000 股（占当前剔除公司回购专户后的总股本比例为 3%），其中：通 过集中竞价方式减持本公司股份不超过 1,305,000 股（占当前剔除公司回购专户 后的总股本比例为 1%），通过大宗交易方式减持本公司股份不超过 2,610,000 ...

Core Viewpoint - On November 20, a block trade of 2.6 million shares of Xiangshan Co., Ltd. was executed at a price of 32.00 yuan, representing a discount of 6.73% compared to the closing price of 34.31 yuan on the same day [2] Group 1: Trade Details - The block trade involved a total volume of 2.6 million shares and a transaction amount of 83.2 million yuan [2] - The buyer was CITIC Securities Co., Ltd. Ningbo Branch, while the seller was Guotou Securities Co., Ltd. Zhongshan Branch [2] - The closing price of Xiangshan Co., Ltd. on the day of the trade was 34.31 yuan, with a decrease of 1.07% and a turnover rate of 1.39% [2] Group 2: Recent Performance - The stock experienced a net outflow of 3.88 million yuan in main funds for the day [2] - Over the past five days, the stock has cumulatively decreased by 2.91%, with a total net inflow of 4.81 million yuan [2] Group 3: Company Background - Guangdong Xiangshan Weighing Instrument Group Co., Ltd. was established on June 22, 1999, with a registered capital of 1.32075636 billion yuan [2]

Core Viewpoint - The company is proceeding with the public transfer of 100% equity of its wholly-owned subsidiary, Guangdong Xiangshan Electronic Technology Co., Ltd., with an adjusted starting price of RMB 36 million, reflecting a 10% decrease from the previous price of RMB 40 million [1][2]. Group 1: Company Actions - The company held its 8th meeting of the 7th Board of Directors on October 17, 2025, and the second extraordinary shareholders' meeting on November 3, 2025, to approve the public transfer of its subsidiary's equity [1]. - The initial public offering period for the equity transfer was from November 5 to November 13, 2025, with a starting price of RMB 40 million [1]. - Due to a lack of qualified interested buyers during the initial offering period, the company has decided to lower the starting price to RMB 36 million for the next public offering period, which will run from November 17 to November 21, 2025 [2]. Group 2: Financial Implications - The success of the second public offering remains uncertain, and the final buyer and transaction price are still to be determined, which will impact the company's financial status and operational results [3]. - The company will adhere to relevant accounting standards for financial reporting based on the outcome of the public offering [3].

Core Points - The company plans to publicly transfer 100% equity of its wholly-owned subsidiary, Guangdong Xiangshan Electronic Technology Co., Ltd. [2] - The initial transfer base price was set at RMB 400 million, which has been adjusted down to RMB 360 million, reflecting a 10% decrease [2] - The public announcement period for the transfer is from November 17, 2025, to November 21, 2025 [2]

Core Viewpoint - Xiangshan Co., Ltd. is adjusting the transfer price of its wholly-owned subsidiary, Xiangshan Electronics, to 360 million yuan due to a lack of interested buyers at the initial price of 400 million yuan, indicating challenges in divesting its non-core business [1][2]. Group 1: Company Strategy - The company plans to divest its 100% stake in Xiangshan Electronics to focus on its core automotive parts business, which has consistently accounted for over 80% of total revenue from 2022 to the first half of 2025 [2]. - The divestment is aimed at optimizing the company's asset structure and enhancing its competitiveness in the automotive parts sector, while also improving asset quality and reducing debt levels [2]. Group 2: Market Conditions - The weighing instrument business faces significant challenges due to low entry barriers and intense competition in the domestic market, compounded by external factors such as regional conflicts and tariff policies affecting international markets [2]. - The company acknowledges that fluctuations in international markets and changes in political and economic conditions could adversely impact its overseas revenue, particularly in the weighing instrument segment [1]. Group 3: Transaction Details - The adjusted transfer price for Xiangshan Electronics is set at 360 million yuan, reflecting a 10% decrease from the initial price, with the new public listing period scheduled from November 17 to November 21, 2025 [1]. - The transaction may involve potential related parties, as a consortium led by a company insider may participate in the bidding, necessitating board members to abstain from voting on the transaction [3].

证券代码：002870 证券简称：香山股份 公告编号：2025-077 广东香山衡器集团股份有限公司（以下简称"公司"）于2025年10月17日召 开了第七届董事会第8次会议、2025年11月3日召开了2025年第二次临时股东会， 审议通过了《关于拟公开挂牌转让全资子公司100%股权或构成关联交易的议案》， 同意公司以公开挂牌方式转让全资子公司广东香山电子科技有限公司（以下简称 "香山电子"）100%股权，具体内容详见公司2025年10月18日在巨潮资讯网 （www.cninfo.com.cn）披露的《关于拟公开挂牌转让全资子公司100%股权或构成 关联交易的公告》（公告编号：2025-067）。公司已于2025年11月5日至2025年11 月13日在珠海产权交易中心网站公示首次公开挂牌转让香山电子100%股权，首次 挂牌转让底价为人民币40,000.00万元，具体内容详见公司2025年11月6日在巨潮资 讯网（www.cninfo.com.cn）披露的《关于拟公开挂牌转让全资子公司100%股权或 构成关联交易的进展公告》（公告编号：2025-076）。 一、进展情况 鉴于在首次挂牌公示期内，前述挂牌转让未能 ...

Core Viewpoint - The company has announced the public transfer of 100% equity of its wholly-owned subsidiary, Guangdong Xiangshan Electronics Technology Co., Ltd., with a starting price of RMB 40 million [2] Group 1 - The company held the 8th meeting of the 7th board of directors on October 17, 2025, and the second temporary shareholders' meeting on November 3, 2025, to approve the proposal for the public transfer of the subsidiary's equity [2] - The public transfer of Xiangshan Electronics' 100% equity has been officially disclosed on the Zhuhai Property Rights Exchange website [2] - The public announcement period for the transfer is from November 5, 2025, to November 13, 2025 [2]

证券代码：002870 证券简称：香山股份 公告编号：2025-076 广东香山衡器集团股份有限公司 二、本次交易对公司的影响 本次交易以公开挂牌转让方式进行，定价合理，审议程序合规，不存在向关 联方输送利益的情形，不存在损害公司及股东特别是中小股东利益的情形，不存 在可能导致未来关联方对公司形成潜在损害的情形。 因本次交易以公开挂牌转让的方式进行，存在交易成功与否的风险，且最终 受让方、成交价格等存在不确定性，本事项对公司财务状况、经营成果等影响尚 需根据公开挂牌成交结果确定，公司将根据《企业会计准则》相关规定进行会计 处理。公司将根据相关法律法规的规定履行交易进展情况持续信息披露义务，提 请广大投资者注意投资风险。 关于拟公开挂牌转让全资子公司 100%股权 或构成关联交易的进展公告 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。 广东香山衡器集团股份有限公司（以下简称"公司"）于2025年10月17日召 开了第七届董事会第8次会议、2025年11月3日召开了2025年第二次临时股东会， 审议通过了《关于拟公开挂牌转让全资子公司100%股权或构成关联交易的 ...