Core Viewpoint - The article highlights a significant issue regarding undisclosed agreements related to the control and governance of ST Yinjian, raising concerns about potential violations of information disclosure regulations and the implications for corporate governance [1][10]. Group 1: Regulatory Actions - Zhejiang Securities Regulatory Bureau and Shenzhen Stock Exchange issued warning letters to ST Yinjian's controlling shareholder, Yinjian Group, and its actual controller, Wang Hui, for failing to disclose a series of agreements [1]. - The undisclosed agreements include a cooperation framework agreement and a voting rights entrustment agreement, which are critical for understanding the control dynamics of the company [1][6]. Group 2: Shareholder Agreements - Yinjian Group entered into a loan agreement with Shanghai Yuanzhuo, providing up to 200 million yuan to resolve financial issues, in exchange for the voting rights of 10.3% of ST Yinjian's shares [2]. - Subsequently, Yinjian Group allegedly engaged in "double selling" of the same 10.3% stake, promising control to both Shanghai Yuanzhuo and another party, Yao Chengling [3]. Group 3: Governance and Board Dynamics - The board of directors of ST Yinjian was aware of the undisclosed agreements but failed to disclose them, raising questions about their compliance with disclosure obligations [6][8]. - A board meeting on December 15, 2025, was held to elect new board members, despite ongoing disputes regarding control and governance, which some board members opposed [11][13]. Group 4: Dispute Over Board Representation - Board members expressed concerns that the current governance structure and the election of new board members could infringe on the rights of stakeholders involved in the undisclosed agreements [13]. - The board's refusal to acknowledge the nomination rights of certain parties, despite previous recognition, indicates inconsistencies in governance practices [13].

Core Viewpoint - The regulatory letter from the Shenzhen Stock Exchange reveals a power struggle over ST Yinjian, with the controlling shareholder, Yinjian Technology Group, and its actual controller, Wang Hui, failing to fulfill information disclosure obligations [1] Group 1: Control and Financial Issues - Wang Hui has borrowed nearly 200 million yuan to repay funds owed to ST Yinjian, with the loans coming from Yao Chengling and Shanghai Yuanzhuo [2] - The urgent need for Wang Hui and Yinjian Group to return occupied funds to ST Yinjian is highlighted, as failure to do so could lead to delisting [3] - The total amount of non-operating fund occupation reached 663 million yuan in 2023 and 435 million yuan in the first half of 2024 [3] Group 2: Agreements and Commitments - A series of agreements, including the "Voting Rights Entrustment and Joint Action Agreement" and "Cooperation Memorandum," were signed to address the occupied funds [1][6] - The "Cooperation Memorandum" stipulates that Yinjian Group will delegate voting rights of its 10.3% stake in ST Yinjian to Yao Chengling and Shanghai Yuanzhuo [6][7] - Shanghai Yuanzhuo has committed to providing additional loans to Yinjian Group to facilitate the repayment of debts to Yao Chengling [4][6] Group 3: Board Dynamics and Governance - The board of directors faced controversy over the process of electing new members, with two directors nominated by Shanghai Yuanzhuo being removed [8][9] - The board's decision-making process has been criticized for lacking transparency and failing to allow all directors to participate [9][11] - The ongoing disputes regarding the delegation of voting rights and the legitimacy of board decisions indicate significant governance challenges within ST Yinjian [11][12] Group 4: Business Outlook and Performance - ST Yinjian's financial performance has deteriorated, with a reported revenue of 548 million yuan and a net loss of 941 million yuan in 2024 [14] - The company is exploring business recovery strategies, including leveraging artificial intelligence and optimizing existing operations [13] - Shareholder concerns about internal conflicts and governance issues are prevalent, with calls for improved management to stabilize stock prices [15]

Core Viewpoint - The regulatory letter from the Shenzhen Stock Exchange reveals a power struggle over ST Yinjian, involving undisclosed agreements between its controlling shareholder, Yinjian Technology Group, and other parties, raising concerns about governance and financial stability [1][7]. Group 1: Control and Governance Issues - The regulatory letter indicates that Yinjian Group and its actual controller, Wang Hui, failed to fulfill information disclosure obligations, leading to a conflict regarding the control of ST Yinjian [1]. - Agreements such as the "Voting Rights Entrustment and Joint Action Agreement" and "Cooperation Memorandum" were signed, but the board's announcements contained conflicting information [1][9]. - Wang Hui's alleged misuse of non-operating funds led to a significant financial shortfall, necessitating borrowing to repay these funds to maintain ST Yinjian's listing status [2][3]. Group 2: Financial Transactions and Borrowing - Wang Hui repaid nearly 200 million yuan, primarily sourced from loans provided by Yao Chengling and Shanghai Yuanzhuo, to address the company's financial issues [2][3]. - Shanghai Yuanzhuo has committed to providing additional loans to Yinjian Group to facilitate the repayment of debts owed to Yao Chengling [3][4]. - The total amount of non-operating fund occupation reached 663 million yuan in 2023 and 435 million yuan in the first half of 2024, indicating a severe liquidity crisis [2]. Group 3: Board Dynamics and Conflicts - The board of ST Yinjian faced criticism for procedural irregularities during the election of new directors, with two directors nominated by Shanghai Yuanzhuo being removed [7][8]. - The board's decisions have been challenged due to the lack of transparency regarding the agreements that affect voting rights and control [8][9]. - The ongoing disputes and lack of clarity regarding the control structure have raised concerns among minority shareholders about the company's governance and future direction [11][12]. Group 4: Future Prospects and Market Reactions - Despite efforts to stabilize the company, ST Yinjian's financial performance remains poor, with significant losses reported in recent quarters [11]. - The potential for a shift in control dynamics exists as individual shareholders are increasingly buying into ST Yinjian, which could lead to a coalition that challenges the current governance structure [12]. - The company aims to leverage strategic partnerships and technological advancements to improve its business outlook, but uncertainties surrounding governance persist [11].

证券代码：300020 证券简称：ST 银江 公告编号：2025-103 银江技术股份有限公司（以下简称"公司"）于近日收到公司控股股东银江 科技集团有限公司（以下简称"银江科技集团"）通知，获悉公司控股股东银江 科技集团持有公司的部分股份拟将通过淘宝网司法拍卖网络平台被司法拍卖，现 将有关情况公告如下： 一、股东股份拟将被拍卖的基本情况 1.本次股份拟将被拍卖的基本情况 1.本次标的物为公司控股股东银江科技集团有的本公司 29,000,000 股股票， 占其持有公司股份的 35.42%，占公司总股本的 3.65%。 2.银江科技集团正积极通过法院与原告沟通，争取在股票被实施拍卖前与原 告方达成和解或调解，并撤销上述司法拍卖，妥善解决相关事宜。 3.若标的物最后被实施拍卖，且最终完成交割，银江科技集团持有的公司股 份将由 81,883,007 股减少至 52,883,007 股（占公司总股本比例将由 10.30%降至 6.65%）。本次股份拟将被司法拍卖事项不会导致控股股东及实际控制人发生变更， 请广大投资者理性决策，注意投资风险。 4.目前拍卖事项尚处于公示阶段，若最终银江科技集团未在股票被实施拍卖 前与原 ...

ST银江公告，公司近日收到拱墅区法院于2025年12月10日出具的《民事判决书》。判决书显示，被告 银江技术股份有限公司需为原告持有的364.57万股股票办理解除限售手续，并支付资金占用损失351.82 万元。预期将减少公司本期净利润351.82万元。 ...

证券代码：300020 证券简称：ST 银江 公告编号：2025-102 银江技术股份有限公司 关于收到民事判决书的公告 重要内容提示： 1.案件所处的诉讼阶段：一审判决； 2.上市公司所处的当事人地位：被告； 3.涉案的金额：3,518,243 元； 4.对上市公司损益产生的影响：预期减少本期净利润 3,518,243 元。 一、本次诉讼的基本情况 银江技术股份有限公司（以下简称"公司"或"银江技术"）于 2024 年 4 月 26 日收到浙江省杭州市拱墅区人民法院（以下简称"拱墅区法院"）出具的 《民事起诉状》（（2024）浙 0105 民诉前调 5715 号），具体内容详见《关于收 到民事起诉状的公告》（公告编号：2024-025）。公司近日收到拱墅区法院于 2025 年 12 月 10 日出具的《民事判决书》（（2024）浙 0105 民初 5506 号）。 本案目前处于一审判决阶段，现就本案具体情况进行公告。 二、有关本案的基本情况 （一）案件当事人 原告：浙江浙商证券资产管理有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 （二）诉讼请求 ...

Group 1 - ST Yinjian (SZ 300020) announced that its 28th meeting of the sixth board of directors was held on December 15, 2025, combining on-site and communication voting methods [1] - The meeting reviewed the proposal for the sixth temporary shareholders' meeting of 2025 and other documents [1] - For the year 2024, ST Yinjian's revenue composition is 100.0% from the information technology services industry [1]

Core Viewpoint - ST Yinjian (300020.SZ) received a warning letter from the Zhejiang Securities Regulatory Bureau due to irregularities in the board meeting process and inaccurate disclosures in the announcement of the board meeting resolution [1] Summary by Relevant Sections - **Regulatory Action** - The Zhejiang Securities Regulatory Bureau found that the company violated the "Management Measures for Information Disclosure of Listed Companies" and the "Corporate Governance Standards for Listed Companies" [1] - A warning letter was issued to the company and related personnel, which will be recorded in the securities and futures market integrity file [1] - **Specific Violations** - The company’s board meeting process was deemed non-compliant, and the disclosures regarding the meeting and voting were found to be inaccurate [1] - The acting chairman and board secretary, Han Zhenxing, were held primarily responsible for these violations [1]

Core Viewpoint - ST Yinjian (300020.SZ) received a warning letter from the Zhejiang Securities Regulatory Bureau due to irregularities in the board meeting process and inaccurate disclosures in the announcement of the board meeting resolution [1] Summary by Relevant Sections - **Regulatory Action** - The Zhejiang Securities Regulatory Bureau found that the company’s board meeting process was not compliant with regulations [1] - The company disclosed inaccuracies regarding the convening and voting situation of the board meeting in its announcement [1] - **Violations Identified** - The company violated the "Management Measures for Information Disclosure of Listed Companies" and the "Corporate Governance Standards for Listed Companies" [1] - The acting chairman and board secretary, Han Zhenxing, were found to have violated specific articles of the information disclosure management regulations and bear primary responsibility for the violations [1] - **Consequences** - The Zhejiang Securities Regulatory Bureau decided to issue a warning letter to the company and the responsible individuals, which will be recorded in the securities and futures market integrity file [1]

Core Viewpoint - ST Yinjian's controlling shareholder, Yinjian Technology Group Co., Ltd., and actual controller Wang Hui received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to timely disclose information regarding a series of agreements signed with other parties between November 2024 and June 2025, violating relevant regulations of the "Management Measures for Information Disclosure of Listed Companies" [1] Group 1 - The company was warned for not fulfilling its information disclosure obligations [1] - The warning was issued by the Zhejiang Securities Regulatory Bureau [1] - The violations pertain to agreements signed during a specific timeframe from November 2024 to June 2025 [1]