Investment Rating - Industry rating is maintained at "Outperform the Market" [5] Core Viewpoints - Infrastructure investment in July showed a high increase in railway and water electricity fuel investment, while overall infrastructure investment is experiencing marginal slowdown, particularly in the central and western regions [1][2] - Real estate development investment from January to July decreased by 12%, with a significant drop of 17.1% in July alone, indicating a continued weakness in the real estate sector [2] - The issuance of special bonds has accelerated, with a total of 27,775.89 billion yuan issued from January to July, representing a year-on-year increase of 56.5%, which is expected to support infrastructure investment growth in the second half of the year [1] - Cement demand is anticipated to gradually recover, with a focus on investment opportunities at relatively low points in the market, despite a 4.5% year-on-year decline in cement production from January to July [3] - The flat glass market is showing signs of improvement, with a slight increase in prices and a reduction in inventory levels, suggesting a potential recovery in demand [4] Summary by Sections Infrastructure Investment - In July, infrastructure investment growth was supported by a 21.5% year-on-year increase in water electricity fuel investment, while transportation and storage investment saw a 3.9% increase [2] - The report emphasizes the importance of focusing on major engineering projects and infrastructure investments in the central and western regions [1] Real Estate Sector - The real estate sector continues to show weakness, with significant declines in sales, new construction, and completion areas from January to July [2] - The report highlights the need for monitoring policy changes that could impact the real estate market [4] Cement and Glass Markets - Cement production decreased by 4.5% year-on-year, with a notable drop in July, but there are expectations for demand recovery as the market enters a peak season [3] - The flat glass market is experiencing a slight recovery, with improved trading conditions and reduced inventory levels [4]

Group 1 - The company has changed the purpose of its share repurchase plan, now intending to use the repurchased shares for capital reduction instead of employee stock ownership plans [1] - A total of 6,379,004 shares will be canceled, leading to a corresponding reduction in the company's registered capital [2] - The final situation of the company's capital changes will be confirmed by the China Securities Depository and Clearing Corporation after the completion of the cancellation process [2] Group 2 - The company is notifying creditors about the capital reduction, allowing them to claim their debts within 45 days from the announcement [2] - Creditors must provide relevant documentation to assert their claims, including contracts and proof of debt relationships [3] - Specific requirements for both corporate and individual creditors are outlined for submitting claims [3]

Meeting Overview - The meeting was held on August 15, 2025, with a total of 157 participants representing 271,140,188 shares, which is 66.24% of the total voting shares [1][2] - Online voting was conducted from 9:15 AM to 3:00 PM on the same day, with 147 participants representing 1,398,489 shares, accounting for 0.3421% of the total voting shares [1][2] Proposal Voting Results - The proposal to change the purpose of repurchased shares and to cancel them was approved with 271,039,713 votes in favor, representing 99.9629% of the valid votes [2][3] - The proposal to change the registered capital and amend the Articles of Association received 270,562,829 votes in favor, which is 99.7871% of the valid votes [3][4] - The proposal to revise and establish internal governance systems was approved with 270,561,354 votes in favor, representing 99.7865% of the valid votes [5][6] - The proposal to increase the number of directors and elect independent directors was approved with 270,467,354 votes in favor, accounting for 99.7518% of the valid votes [11][12] - The proposal regarding the remuneration plan for employee representative directors for 2025 was approved with 270,928,938 votes in favor, representing 99.9221% of the valid votes [12][13] Small Investor Voting - Small investors accounted for 151 participants representing 1,398,889 shares, which is 0.3422% of the total voting shares [2] - In the proposal to change the purpose of repurchased shares, small investors voted 1,298,414 shares in favor, representing 92.8175% of their valid votes [3] - For the proposal to change registered capital, small investors voted 821,530 shares in favor, which is 58.7273% of their valid votes [4] - In the internal governance proposal, small investors voted 820,055 shares in favor, accounting for 58.6219% of their valid votes [5] - For the proposal to increase the board size, small investors voted 726,055 shares in favor, representing 51.9023% of their valid votes [12] Legal Compliance - The meeting was witnessed by lawyers from Beijing Kangda Law Firm, who confirmed that the meeting's procedures and voting results complied with relevant laws and regulations [13]

Core Viewpoint - The legal opinion letter confirms that the procedures for convening and holding the extraordinary general meeting of Mona Lisa Group Co., Ltd. are in compliance with relevant laws and regulations, ensuring the legitimacy and effectiveness of the meeting [2][22]. Group 1: Meeting Procedures - The meeting was convened following a resolution from the company's board meeting held on July 29, 2025, and all shareholders were notified through designated information disclosure media [3][4]. - The meeting was conducted using a combination of on-site voting and online voting, with the on-site meeting held on August 15, 2025 [5][6]. Group 2: Attendance and Voting - A total of 157 shareholders and their proxies attended the meeting, representing 271,140,188 shares, which accounts for 66.3249% of the total voting shares [6][8]. - Online voting included 147 shareholders representing 1,398,489 shares, which is 0.3421% of the total voting shares [6][9]. Group 3: Voting Results - The voting results showed that 271,039,713 shares (99.9629%) were in favor of the proposal, while 67,775 shares (0.0250%) opposed it, and 32,700 shares (0.0121%) abstained [8][9]. - The proposal was classified as a special resolution, requiring more than two-thirds approval from the voting shares, which was achieved [10][19]. Group 4: Legal Compliance - The legal opinion asserts that the convening and holding procedures, as well as the qualifications of the conveners and attendees, comply with the Company Law, Securities Law, and relevant regulations [22][23]. - The voting procedures and results were also confirmed to be in accordance with the applicable laws and regulations, ensuring their legality and effectiveness [22][23].

证券日报网讯 8月15日晚间，蒙娜丽莎发布公告称，同意选举蔡莉莉女士为公司第四届董事会职工代表 董事。 （文章来源：证券日报） ...

证券日报网讯 8月15日晚间，蒙娜丽莎发布公告称，同意选举程银春先生为公司第四届董事会独立董 事，任期自股东大会审议通过之日起至第四届董事会任期届满为止。 （文章来源：证券日报） ...

| 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 关于变更回购股份用途并注销暨通知债权人的公告 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、公司变更回购股份用途并注销的情况 蒙娜丽莎集团股份有限公司（以下简称"公司"）分别于 2025 年 7 月 29 日、2025 年 8 月 15 日召开第四届董事会第十三次会议和 2025 年第一次临时股东大会，审议通过了 《关于变更回购股份用途并注销的议案》，同意变更公司于 2021 年 11 月 24 日审议通过 的回购股份方案的回购股份用途，由原计划"用于股权激励计划或员工持股计划"变更为 "用于注销减少注册资本"，即拟对回购专用证券账户中的 6,379,004 股股份进行注销并 相应减少公司注册资本。 本次注销手续完成后，公司股份总数将减少 6,379,004 股，公司注册资本也相应减少 6,379,004 元。因公司可转换公司债券（债券简称"蒙娜转债"，债券代码"127 ...

特此公告。 | 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 蒙娜丽莎集团股份有限公司 关于选举第四届董事会职工代表董事的公告 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。 蒙娜丽莎集团股份有限公司（以下简称"公司"）根据《公司法》《公司章程》的相 关规定，于 2025 年 8 月 15 日召开职工代表大会，选举第四届董事会职工代表董事。本次 会议符合相关法律、行政法规、规范性文件的规定。 经与会职工代表认真审议并表决，同意选举蔡莉莉女士（简历详见附件）为公司第四 届董事会职工代表董事，任期自职工代表大会审议通过之日起至公司第四届董事会任期届 满为止。 本次选举完成后，公司董事会中兼任高级管理人员以及由职工代表担任的董事人数总 计不超过公司董事总数的二分之一。 附：职工代表董事简历 蒙娜丽莎集团股份有限公司董事会 2025 年 8 月 16 日 附件：职工代表董事简历 蔡莉莉：女，1983 年出生，中国国籍，无境外居留权， ...

关于独立董事完成补选的公告 程银春先生简历详见 2025 年 7 月 30 日公司在信息披露媒体《证券时报》及巨潮资讯 网（http://www.cninfo.com.cn）披露的《关于增加公司第四届董事会人数暨补选独立董事 的公告》。 | 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 特此公告。 蒙娜丽莎集团股份有限公司 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。 蒙娜丽莎集团股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日召开 2025 年 第一次临时股东大会，审议通过了《关于增加公司第四届董事会人数暨补选独立董事的议 案》，同意选举程银春先生为公司第四届董事会独立董事，任期自股东大会审议通过之日 起至第四届董事会任期届满为止。 本次补选完成后，公司董事会中兼任高级管理人员以及由职工代表担任的董事人数总 计未超过公司董事总数的二分之一，独立董事人数未低于董事会成员总数的三分之一，符 合相关法律法规的 ...

/ 北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于蒙娜丽莎集团股份有限公司 2025 年第一次临时股东大会的法律意见书 康达股会字【2025】第 0337 号 致：蒙娜丽莎集团股份有限公司 北京市康达律师事务所（以下简称"本所"）接受蒙娜丽莎集团股份有限公 司（以下简称"公司"）的委托，指派本所律师参加公司 2025 年第一次临时股 东大会（以下简称"本次会议"）。 本所律师根据《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"《 ...