Core Viewpoint - The actual controllers of Green Eco-Environment, Lu Yunhui and Qi Yong, have agreed to transfer a combined 9.86% stake in the company to a related party, Tianjin Ruiheng Enterprise Management Partnership (Limited Partnership), without affecting the overall shareholding structure or control of the company [1] Summary by Relevant Sections - **Shareholding Changes** - Lu Yunhui's shareholding will decrease from 30.69% to 25.29% - Qi Yong's shareholding will decrease from 17.84% to 13.38% - Tianjin Ruiheng Enterprise Management Partnership (Limited Partnership) will hold 9.86% of the company's shares after the transfer [1] - **Transaction Details** - The transfer price is set at 299 million yuan - The funds for the transaction will come from the personal funds of the sellers - The transfer is an internal agreement among related parties and does not involve market reduction [1] - **Regulatory Requirements** - The transfer is subject to confirmation by the Shenzhen Stock Exchange and the completion of share transfer registration procedures [1]

Core Viewpoint - The company, Green Eco (002887.SZ), announced a share transfer agreement involving its actual controllers, Lu Yunhui and Qi Yong, to optimize the shareholding structure, without changing the actual control of the company [1] Group 1: Share Transfer Details - Lu Yunhui and Qi Yong signed a share transfer agreement with Ruiheng Partnership on November 19, 2025, to transfer a total of 30,173,120 shares, representing 9.86% of the company's total share capital [1] - The transfer price is set at 9.91 yuan per share, amounting to a total transaction value of 299,015,619.2 yuan [1] - The share transfer is an internal transaction between concerted actors, meaning it will not affect the total shareholding quantity and proportion of the actual controllers [1] Group 2: Control Structure - After the transfer, the actual controllers of the company will remain Lu Yunhui and Qi Yong, ensuring no change in the company's actual control [1]

收购报告书摘要 上市公司名称：天津绿茵景观生态建设股份有限公司 股票上市地点：深圳证券交易所 股票简称：绿茵生态 天津绿茵景观生态建设股份有限公司 股票代码：002887 收购人：天津瑞恒企业管理合伙企业（有限合伙） 住所：天津市滨海新区中新天津生态城动漫中路 334 号创展大厦 1 号楼 703（天津杰 城商务秘书有限公司托管第 67 号） 通讯地址：天津市南开区华苑产业区开华道 20 号 一致行动人 1：卢云慧 住所：天津市河西区 通讯地址：天津市南开区华苑产业区开华道 20 号 一致行动人 2：祁永 住所：天津市河西区 通讯地址：天津市南开区华苑产业区开华道 20 号 签署日期：2025 年 11 月 20 日 1 收购人声明 一、本报告书摘要系收购人依据《公司法》《证券法》《上市公司收购管理办法》《格 式准则第 16 号》及其他相关法律、法规及部门规章的有关规定编写。 二、依据上述法律法规的规定，本报告书摘要已全面披露了收购人在绿茵生态拥有权 益的股份。截至本报告书摘要签署日，除本报告书摘要披露的持股信息外，上述收购人没 有通过任何其他方式在绿茵生态拥有权益。 三、收购人签署本报告书摘要已获得必要的授 ...

证券代码：002887 证券简称：绿茵生态 公告编号：2025-052 债券代码：127034 债券简称：绿茵转债 天津绿茵景观生态建设股份有限公司 关于实际控制人增加一致行动人及一致行动人之间内部协 议转让股份暨权益变动的提示性公告 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。 重要内容提示： ● 为优化股权结构，天津绿茵景观生态建设股份有限公司（以下简称"公 司"）实际控制人卢云慧女士（本次转让前持有公司 30.69%股份）、祁永先生 （本次转让前持有公司 17.84%股份）与天津瑞恒企业管理合伙企业（有限合伙） （以下简称"瑞恒合伙"）（本次转让前未持有公司股份）签署了《天津绿茵景 观生态建设股份有限公司股份转让协议》，拟通过协议转让的方式将卢云慧与祁 永合计持有公司 30,173,120 股股份（占公司总股本 9.86%）转让给天津瑞恒企 业管理合伙企业（有限合伙）。 ● 本次受让方瑞恒合伙，其执行事务合伙人为公司实际控制人卢云慧女士 与祁永先生之女祁雨薇。因此瑞恒合伙、卢云慧女士及祁永先生为一致行动人。 ● 本次协议转让事项为公司实际控制人一致行动 ...

天津绿茵景观生态建设股份有限公司 简式权益变动报告书 上市公司名称：天津绿茵景观生态建设股份有限公司 股票上市地点：深圳证券交易所 股票简称：绿茵生态 股票代码：002887 信息披露义务人 1：卢云慧 住所：天津市河西区 通讯地址：天津市南开区华苑产业区开华道 20 号 信息披露义务人 2：祁永 住所：天津市河西区 通讯地址：天津市南开区华苑产业区开华道 20 号 信息披露义务人 3：天津瑞恒企业管理合伙企业（有限合伙）（受让方） 住所：天津市河西区 通讯地址：天津市南开区华苑产业区开华道 20 号 股份变动性质：一致行动人之间的转让（股份数量不变） 签署日期：2025 年 11 月 20 日 1 信息披露义务人声明 一、本报告书依据《中华人民共和国证券法》、《上市公司收购管理办法》、《公开发行 证券公司信息披露内容与格式准则第 15 号—权益变动报告书》及相关的法律、法规和规范性 文件编写。 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。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法》的规定，本报告书已全 面披露信息披露义务人在天津绿茵景观生态建设股份有限公司中拥有权益的股份变动情况。 ...

证券代码：002887 证券简称：绿茵生态 公告编号：2025-053 本次协议转让事项为公司实际控制人一致行动人之间的内部转让，不涉及向 市场减持，不会导致公司控股股东及一致行动人的合计持股数量和比例发生变化， 不会导致公司控股股东、实际控制人发生变化。具体内容详见公司同日在巨潮资 讯网上披露的《关于实际控制人增加一致行动人及一致行动人之间内部协议转让 股份暨权益变动的提示性公告》（公告编号：2025-052） 二、关于符合《上市公司收购管理办法》免于发出要约情形的说明 根据《收购管理办法》第六十二条规定，"有下列情形之一的，收购人可以 免于以要约方式增持股份：（一）收购人与出让人能够证明本次股份转让是在同 一实际控制人控制的不同主体之间进行，未导致上市公司的实际控制人发生变 化"。 债券代码：127034 债券简称：绿茵转债 天津绿茵景观生态建设股份有限公司 关于免于要约收购的提示性公告 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、事项概述 2025 年 11 月 19 日，公司实际控制人卢云慧女士和祁永先生与天津瑞恒企 业管理合伙企业（有限合伙） ...

绿茵生态公告，信息披露义务人卢云慧、祁永将其合计持有的9.86%股份协议转让给天津瑞恒企业管理 合伙企业。本次权益变动为一致行动人之间的股份转让，不会导致公司的实际控制人发生变更。转让价 款为2.99亿元，资金来源为自有资金。转让完成后，卢云慧持股比例由30.69%降至25.29%，祁永持股比 例由17.84%降至13.38%，天津瑞恒企业管理合伙企业持股比例为9.86%。 ...

Core Insights - The environmental governance sector saw a rise of 0.39% on November 4, with Fulongma leading the gains [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Environmental Governance Sector Performance - Fulongma (603686) closed at 33.47, up 9.99% with a trading volume of 1.2548 million shares and a transaction value of 3.966 billion [1] - Haitan Co. (603759) closed at 12.91, up 9.97% with a trading volume of 458,200 shares and a transaction value of 569 million [1] - Haixia Environmental Protection (603817) closed at 7.63, up 9.94% with a trading volume of 576,100 shares and a transaction value of 421 million [1] - Other notable performers include Zhongchuang Environmental Protection (300056) up 4.55%, Feima International (002210) up 4.04%, and KJY (301372) up 3.33% [1] Fund Flow Analysis - The environmental governance sector experienced a net inflow of 53.7219 million from institutional investors, while retail investors saw a net inflow of 183 million [2] - The sector faced a net outflow of 236 million from speculative funds [2] Individual Stock Fund Flow - Fulongma had a net inflow of 475 million from institutional investors, while it faced a net outflow of 272 million from speculative funds [3] - Haixia Environmental Protection saw a net inflow of 94.4685 million from institutional investors, with a net outflow of 38.4562 million from speculative funds [3] - Huicheng Environmental Protection (300779) had a net inflow of 70.1025 million from institutional investors, but a significant net outflow of 91.4059 million from retail investors [3]

Core Viewpoint - Green Eco was established in November 1998 and listed on the Shenzhen Stock Exchange in August 2017, focusing on ecological environment construction with investment value [1] Group 1: Business Performance - In Q3 2025, Green Eco reported revenue of 331 million yuan, ranking 11th in the industry, with the top competitor, Fulongma, at 3.599 billion yuan [2] - The main business segments include green maintenance projects (57.81% of revenue), ecological restoration projects (38.82%), municipal greening projects (1.76%), cultural tourism projects (1.24%), and others (0.36%) [2] - The net profit for the same period was 71.6496 million yuan, ranking 6th in the industry, with the industry average being -27.6684 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the debt-to-asset ratio for Green Eco was 38.29%, lower than the previous year's 43.17% and the industry average of 55.85%, indicating strong solvency [3] - The gross profit margin was 47.32%, up from 35.43% year-on-year and above the industry average of 22.98%, reflecting strong profitability [3] Group 3: Management and Shareholder Information - The chairman, Qi Yong, received a salary of 1.47 million yuan in 2024, a decrease of 30,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 15.51% to 16,000, while the average number of circulating A-shares held per account increased by 18.35% to 12,100 [5]

Group 1 - The core point of the article is that Green Eco (SZ 002887) held a temporary board meeting on October 27, 2025, to discuss various proposals, including the decision not to adjust the conversion price of its shares [1] - For the first half of 2025, Green Eco's revenue composition was entirely from other construction industries, accounting for 100% [1] - As of the report date, Green Eco's market capitalization was 2.9 billion yuan [1] Group 2 - The article also mentions a controversial company promoting the tokenization of real estate overseas, with claims that investing 100,000 yuan could lead to becoming a billionaire, which has raised skepticism among participants [1]