Group 1: Industry Standards and Development - The new standard for tent camping sites in Beijing will be implemented on July 1, focusing on safety, service quality, and environmental protection [1][2] - The standard emphasizes a four-dimensional safety protection system: site safety, facility safety, flood prevention safety, and emergency safety [1] - The standard includes requirements for site selection, infrastructure, service facilities, and safety measures to ensure a high-quality camping experience [3] Group 2: Market Growth and Opportunities - The camping economy in China is experiencing explosive growth, with the core market expected to reach 213.97 billion yuan in 2024, a year-on-year increase of 60.4% [5] - By 2030, the core market size is projected to rise to 487.98 billion yuan, indicating significant growth potential [5] - Companies are actively positioning themselves in the camping industry, leveraging their strengths to explore business opportunities across the camping supply chain [5][6] Group 3: Company Strategies and Innovations - Tuntian Group is enhancing its outdoor solutions by expanding its camping gear and smart wearable product lines, focusing on brand value and engaging younger consumers [6] - Zhejiang Fute Technology is addressing camping power needs with a vehicle-mounted power supply product that can power outdoor devices [6] - Shenzhen Beiding Crystal Technology has launched various outdoor products catering to the refined camping experience, highlighting convenience and ease of use [6] Group 4: Competitive Landscape - The rapid growth of the camping economy presents both opportunities and challenges for listed companies, necessitating continuous innovation and quality improvement [7] - As consumer interest in camping rises, the industry is expected to integrate with other sectors, creating additional business opportunities [7]

北京市尚公律师事务所 法律意见书 北京市尚公律师事务所 S&P LAW FIRM 中国·北京市东长安街 10 号长安大厦 3 层 邮编：100006 Add: At 3\F Beijing Tower, No.10 East Chang An Avenue, Beijing China Postcode: 100006 电话 (Tel)：（8610）65288888 传真 (Fax)：（8610）65226989 网址 (Web)：www.splf.com.cn 电子邮箱 (E-mail)：splf@splf.com.cn 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国 公司法》（以下简称"《公司法》"）和《上市公司股东会规则》等法律、法规和规范 性文件以及《探路者控股集团股份有限公司章程》（以下简称"《公司章程》"）、《探 路者控股集团股份有限公司股东大会议事规则》（以下简称"《股东大会议事规则》"） 的规定，北京市尚公律师事务所（以下简称"本所"）接受探路者控股集团股份有限公 司（以下简称"公司"）委托，指派律师出席公司2025年第二次临时股东大会会议（以 下简称"本次股东大会" ...

证券代码：300005 证券简称：探路者 编号：临2025-039 探路者控股集团股份有限公司 第六届董事会第四次会议决议公告 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。 一、会议召开情况 探路者控股集团股份有限公司（简称"公司"）第六届董事会第四次会议于 2025 年 6 月 25 日 15:30 在公司阿尔卑斯会议室以现场与通讯相结合的方式召开。 经全体董事一致同意，本次会议已豁免通知期限，会议通知于 2025 年 6 月 25 日 通过现场及微信等方式送达给全体董事。本次会议应出席会议的董事为 7 名，实 际出席会议的董事为 7 名。会议由公司董事长李明先生主持，公司高级管理人员 列席了本次会议。本次会议的召集和召开程序符合国家有关法律法规及公司章程 的规定。 二、会议审议情况 经全体董事书面表决，形成如下决议： （一）审议通过了《关于调整董事会专门委员会委员的议案》 | 专门委员会名称 | | 专门委员会委员 | 主任委员 | | --- | --- | --- | --- | | 审计委员会（3 | 人） | 朱克实先生（独立董事）、王毅先 | ...

证券代码：300005 证券简称：探路者 编号：临2025-040 探路者控股集团股份有限公司 关于调整董事会成员及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。 探路者控股集团股份有限公司（简称"公司"）董事会近日收到公司非独立 董事何华杰先生提交的书面辞职报告。何华杰先生因公司内部工作调整，申请辞 去第六届董事会董事及战略委员会委员职务，辞职后将继续在公司担任总裁。 根据《中华人民共和国公司法》（简称"《公司法》"）《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律法规、规范 性文件及《公司章程》有关规定，何华杰先生的辞职未导致公司董事会成员低于 法定最低人数，不会影响公司董事会正常运作，何华杰先生的辞职申请自送达董 事会之日起生效。 截至本公告披露之日，何华杰先生持有公司股份 184,100 股，占公司总股本 的 0.02%，不存在应履行而未履行的承诺。何华杰先生在担任公司董事期间，认 真履职、勤勉尽责、恪尽职守，为公司规范运作和健康发展做出了积极贡献，公 司及董事会对何华杰先生为公司发展做出的 ...

证券代码：300005 证券简称：探路者 编号：临2025-038 探路者控股集团股份有限公司 2025 年第二次临时股东大会决议公告 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。 特别提示：1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： 3、召开方式：现场投票与网络投票相结合的方式 4、召集人：探路者控股集团股份有限公司（简称"公司"）董事会 5、主持人：公司董事长李明先生 6、本次股东大会的召集和召开程序符合《公司法》《证券法》《上市公司 股东大会规则》等法律、法规、规范性文件和《公司章程》《股东大会议事规则》 的有关规定。 （二）会议出席情况 1、股东及股东代理人出席情况 | 出席方式 | 总体出席情况 | | | 中小股东出席情况 | | | | --- | --- | --- | --- | --- | --- | --- | | | 股东及 | 股份数 | 占公司有 | 股东及 | 股份数 | 占公司有 | （1）现场会议召开时间：202 ...

Core Viewpoint - The concept of "zero-kilometer used cars" serves specific needs in the automotive industry, acting as a bridge for domestic manufacturers to alleviate inventory pressure and expand into international markets [2][3]. Group 1: Zero-Kilometer Used Cars - Zero-kilometer used cars are essentially new cars that are registered in China and exported as used cars, allowing manufacturers to navigate inventory challenges [3][4]. - Since the initiation of used car exports in China in 2019, zero-kilometer used cars have played a significant role, accounting for a considerable portion of the total used car export volume [3][4]. - The growth of zero-kilometer used car exports has been notable, with exports increasing from approximately 1.5 million units in 2021 to 27.5 million units in 2023, and projected to reach 43.6 million units in 2024 [4]. Group 2: Industry Perspectives - The automotive industry exhibits mixed attitudes towards zero-kilometer used cars, with some manufacturers criticizing their impact on brand integrity while others see them as a market opportunity [5][6]. - Some industry experts argue that zero-kilometer used cars are a necessary market product that should not be overly restricted, as they help alleviate domestic market pressures [6][8]. - The debate continues regarding the balance between supporting zero-kilometer used car exports and protecting established brands that have invested in overseas market development [8][9]. Group 3: Future of Used Car Exports - The future of used car exports in China is expected to evolve, with long-kilometer used cars gaining competitiveness as domestic prices decline and international demand increases [14][15]. - The transition from zero-kilometer to long-kilometer used cars is anticipated, as the latter is expected to dominate the market in the coming years due to improved pricing and brand recognition [14][15]. - The overall strategy for Chinese automotive brands includes leveraging the existing supply chain for both new and used cars, enhancing their competitiveness in international markets [15].

Core Insights - The report highlights the ongoing trends in new consumption sectors, emphasizing opportunities in discount retail, bulk snacks, cross-border e-commerce, domestic beauty products, entertainment economy, and outdoor consumption [2][3][5] Consumption Trends - Post-1990s Japan experienced four major consumption trends: the rise of "value-for-money" consumption, increased popularity of low-cost home entertainment, a surge in vocational education demand due to unemployment, and the emergence of outdoor consumption [3][4] - In recent years, China's consumption structure has also evolved, presenting new investment opportunities, particularly in value-for-money consumption sectors such as discount retail and cross-border e-commerce [3][4] Performance of New Consumption Companies - Several new consumption companies, including Mixue Group, Blucoco, and Guming, have successfully listed on the Hong Kong Stock Exchange, showing impressive performance with stock price increases of 83.8%, 109.1%, and 162.4% respectively since their listings [5][7] - The report notes that the entertainment economy is gaining traction, with companies like Pop Mart reporting a revenue growth of 106.9% and a net profit growth of 188.8% in 2024 [4][5] Investment Opportunities - The report suggests that the new consumption industry trends are still ongoing, and there are opportunities for selective investment in key sectors such as discount retail, bulk snacks, cross-border e-commerce, domestic beauty products, entertainment economy, and outdoor consumption [2][5] - The performance of new consumption companies in Hong Kong is expected to catalyze similar movements in the A-share market, providing further investment opportunities [5]

Core Viewpoint - The company has revised its articles of association and governance systems to enhance corporate governance and compliance with relevant laws and regulations [1][2][3]. Summary by Sections Revision of Articles of Association - The company has amended certain provisions of its articles of association to better protect the rights of shareholders, employees, and creditors, in accordance with the latest legal requirements [1][2]. - The revised articles now include provisions that clarify the responsibilities of the legal representative and the company’s liability for civil activities conducted in its name [2][3]. Shareholder Rights and Responsibilities - The articles specify that shareholders can sue the company, and the company can sue shareholders, directors, and senior management, establishing a clear legal framework for rights and obligations [3][4]. - Shareholders are entitled to equal rights concerning their shares, and the company is responsible for its debts with all its assets [3][4]. Financial Assistance and Capital Increase - The company can provide financial assistance for acquiring its shares, with a limit set at 10% of the total issued capital, requiring a two-thirds majority of the board for approval [5][6]. - The company can increase its capital through various methods, including issuing bonus shares and converting reserves into capital, subject to shareholder approval [6][7]. Share Repurchase and Restrictions - The company is allowed to repurchase its shares under specific conditions, such as reducing registered capital or for employee stock ownership plans, with necessary approvals from the board and shareholders [8][9]. - The articles outline the conditions under which the company can repurchase shares, including limits on the total number of shares repurchased [8][9]. Governance and Decision-Making - The articles detail the powers of the shareholders' meeting, including decisions on business direction, director elections, and financial distributions [22][23]. - The company must adhere to strict procedures for convening meetings and making decisions, ensuring transparency and accountability [16][17]. Related Party Transactions and Financial Guarantees - The company must seek shareholder approval for significant related party transactions and financial guarantees, particularly those exceeding certain thresholds [24][25]. - The articles emphasize the need for compliance with regulations regarding financial assistance and guarantees to protect the interests of shareholders and creditors [24][25].

探路者控股集团股份有限公司 独立董事提名人声明与承诺 提名人探路者控股集团股份有限公司董事会现就提名王毅先生为探路者控 股集团股份有限公司第六届董事会独立董事候选人发表公开声明。被提名人已书 面同意作为探路者控股集团股份有限公司第六届董事会独立董事候选人（参见该 独立董事候选人声明）。本次提名是在充分了解被提名人职业、学历、职称、详 细的工作经历、全部兼职、有无重大失信等不良记录等情况后作出的，本提名人 认为被提名人符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易 所业务规则对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事 项： 一、被提名人已经通过探路者控股集团股份有限公司第六届董事会提名与薪 酬考核委员会或者独立董事专门会议资格审查，提名人与被提名人不存在利害关 系或者其他可能影响独立履职情形的密切关系 ? 是 □ 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不得 担任公司董事的情形。 ? 是 □ 否 如否，请详细说明：王毅先生尚未取得深圳证券交易所认可的独立董事资格 证书，但其已经 ...

董事会议事规则（2025 年 6 月） 探路者控股集团股份有限公司 董事会议事规则 第一章 总 则 第一条 为了进一步规范本公司董事会的议事方式和决策程序，促使董事和 董事会有效地履行其职责，提高董事会规范运作和科学决策水平，根据《中华 人民共和国公司法》（简称"《公司法》"）《中华人民共和国证券法》（简称"《证 券法》"）《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 2 号——创业板上市公司规范运作》（简称"《规范运作指引》"） 《上市公司独立董事管理办法》（简称"《管理办法》"）以及《公司章程》等有 关规定，制订本规则。 第二条 公司依法设立董事会。董事会是公司的经营决策机构，依据《公司 法》等相关法律、法规和公司章程的规定，经营和管理公司的法人财产，对股 东会负责。 第二章 董事会的组成和下设机构 第三条 董事会由七名董事组成，其中独立董事三名，一名职工代表董事。 由股东会选举或更换，并可在任期届满前由股东会解除其职务。董事每届任期 三年。董事任期届满，可以连选连任。董事长由董事会以全体董事的过半数选 举产生。独立董事中应至少包括一名会计专业人士。董事会应具备合理的专业 ...