一、控股股东申请破产清算的基本情况 武汉天喻信息产业股份有限公司（以下简称"公司"）控股股东武汉同喻投 资合伙企业（有限合伙）（以下简称"武汉同喻"）以其不能清偿到期债务，且资 产不足以清偿全部债务为由，向湖北省武汉市中级人民法院（以下简称"武汉中 院"）申请破产清算。武汉中院认为武汉同喻未充分提交证据证明已经发生不能 清偿到期债务的情形，不具备"不能清偿到期债务"的破产受理条件，据此出具 《民事裁定书》，裁定：对武汉同喻投资合伙企业（有限合伙）的申请，不予受 理。 具体情况详见公司分别于 2025 年 10 月 13 日、2025 年 11 月 19 日在巨潮资 讯网披露的《关于控股股东申请破产清算的提示性公告》（公告编号：2025-069）、 《关于控股股东申请破产清算的进展公告》（公告编号：2025-079）。 二、控股股东申请破产清算的进展情况 武汉同喻因上述申请破产清算一案，不服武汉中院的民事裁定，向湖北省高 级人民法院（以下简称"湖北高院"）提起上诉。 公司于 2025 年 12 月 29 日收到湖北高院送达的《民事裁定书》，湖北高院认 为武汉同喻的上诉请求不能成立，依法裁定：驳回上诉，维持原裁定 ...

证券代码：300205 证券简称：*ST 天喻 公告编号：2025-099 武汉天喻信息产业股份有限公司 经公司第九届董事会第十八次会议审议通过，同意由昌喻投资将应收红茶世 家的全部债权 4,236.30 万元（含本金及利息）转让给公司，公司再将该项债权 转让给公司第三大股东西藏中茵集团有限公司（以下简称"中茵集团"），交易 对价均为 4,236.30 万元。 详见公司于 2025 年 12 月 26 日在巨潮资讯网披露的《关于解决 2024 年报无 法表示意见审计报告部分所涉事项暨关联交易的公告》（公告编号：2025-094）。 （二）锦瑞通债权事项 公司应收代理商深圳市锦瑞通信息科技有限公司（以下简称"锦瑞通"） 198.43 万元货款，截至本公告披露日，尚未回款。经公司第九届董事会第十八 次会议审议通过，同意公司将应收锦瑞通的全部债权 207.61 万元（含本金及利 息）转让给中茵集团，交易对价为 207.61 万元。 1 详见公司于 2025 年 12 月 26 日在巨潮资讯网披露的《关于转让代理商债权 暨关联交易的公告》（公告编号：2025-095）。 二、 进展情况 关于收到全部债权转让款的公告 ...

Group 1 - The communication equipment sector increased by 0.48% on December 30, with DingTong Technology leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index closed at 13604.07, up by 0.49% [1] - Notable gainers in the communication equipment sector included DingTong Technology, which rose by 10.28% to a closing price of 129.61, and Dongfang Communication, which increased by 10.03% to 16.89 [1] Group 2 - The communication equipment sector experienced a net outflow of 2.781 billion yuan from institutional investors, while retail investors saw a net inflow of 2.513 billion yuan [2] - The top individual stock performers in terms of net inflow included Tianfu Communication with a net inflow of 3.55 million yuan from institutional investors [3] - DingTong Technology had a net inflow of 79.2142 million yuan from institutional investors, despite a net outflow from retail investors [3]

Core Viewpoint - The People's Bank of China (PBOC) is set to transition the digital renminbi from a digital cash era to a digital deposit currency era, with a new action plan to be implemented on January 1, 2026 [1] Group 1: Digital Renminbi Transition - The action plan marks a significant change in the positioning of the digital renminbi, shifting from digital cash to digital deposit currency, which fundamentally alters its nature from a central bank liability to a commercial bank liability [2] - This transition addresses major issues of the previous version, such as financial disintermediation risks and the reduction of the money multiplier, enhancing liquidity management for banks [2] Group 2: Market Impact - The new digital deposit currency will provide users with cash-like convenience, including offline payments, real-time settlement, and enhanced security and yield for deposits, significantly increasing the attractiveness of the digital renminbi [2] - Banks will gain asset-liability management rights over the digital renminbi, allowing them to activate wallet funds through wealth management and credit services, thus boosting participation [2] Group 3: Regulatory Framework - The action plan optimizes the "dual-layer architecture" under the DC/EP theoretical framework, with the central bank responsible for business rules and technical standards, while commercial banks will manage digital renminbi wallets for individuals and entities [3] - Non-bank payment institutions will provide digital renminbi that customers can exchange with their bank deposits, which will be subject to regulatory oversight [3] Group 4: Market Reaction - Following the announcement, the digital currency sector and related stocks experienced a significant surge, with notable increases in share prices for companies such as Lakala (up 12.57%) and ST Tianyu (up 11.40%) [3]

Group 1 - The People's Bank of China will implement a new action plan for the management and service system of digital RMB, with a new framework and ecosystem set to launch on January 1, 2026, marking an upgrade from digital cash to digital deposit currency [1] - As of November 2025, digital RMB has processed 3.48 billion transactions with a total transaction amount of 16.7 trillion yuan, and 230 million personal wallets have been opened through the digital RMB app [1] - The digital RMB concept stocks saw a collective rise on December 29, with notable increases in stocks such as Hengbao Co., Ltd. and Lakala, which rose by 8.31% and 12.57% respectively [1] Group 2 - Seven concept stocks received over 1 billion yuan in net inflows on December 29, with Lakala leading at 371 million yuan [2] - The application scenarios for digital RMB are expanding rapidly from personal consumption to industrial finance, cross-border trade, and public services [2] - The digital RMB is being integrated into various innovative applications, including debt settlement in Hunan and financial products in the poultry industry by Postal Savings Bank [2] Group 3 - Guotai Junan Securities believes that digital RMB will accelerate penetration across the supply chain, with significant growth potential in banking IT and fintech sectors [3] - A total of 64 A-share companies are involved in digital RMB-related businesses, with the computer industry having the highest representation at 43 companies [3] - Eight concept stocks have been heavily favored by institutional investors, with a total market value of 2.939 billion yuan held by social security funds and pension funds [3] Group 4 - Unisoc's third-quarter report indicates that social security funds have newly entered as major shareholders, with a combined holding value of 1.89 billion yuan [4] - The company has made technological advancements in hardware related to digital currency and stablecoins, achieving market results in the digital RMB wallet sector [4] - Eight stocks received significant foreign investment, with a total holding value of 536 million yuan, indicating strong interest from QFII [4]

Group 1 - The People's Bank of China has introduced an action plan to strengthen the digital RMB service system and related financial infrastructure, with the new digital RMB structure and ecosystem set to launch on January 1, 2026 [1][4] - Digital currency concept stocks have shown significant movement, with companies like Yuyin Co. hitting the daily limit and *ST Tianyu rising over 10% [3][5] - By the end of November 2025, digital RMB transactions are expected to reach 3.48 billion, with a total transaction amount of 16.7 trillion yuan, indicating strong adoption and usage [5] Group 2 - The People's Bank of China has identified four key challenges in the development and use of digital currency, including the impact on monetary control, risks of financial disintermediation, the relationship between central bank liabilities and commercial bank responsibilities, and the balance between centralized management and decentralized features [4] - The recent guidelines from the People's Bank of China and eight other departments emphasize the exploration of international cooperation in digital finance, particularly in cross-border payment applications with countries like Thailand and the UAE [6] - The number of blockchain-related companies in China has reached 74,600 by December 25, 2025, marking a record high in the past five years, with a significant concentration in South China [6]

证券代码：300205 证券简称：*ST 天喻 公告编号：2025-096 武汉天喻信息产业股份有限公司 2025 年第四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。 1. 本次股东大会无增加、变更、否决提案的情况。 2. 本次股东大会未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 武汉天喻信息产业股份有限公司（以下简称"公司"）2025 年第四次临时股 东大会会议通知于 2025 年 12 月 13 日在巨潮资讯网披露。 本次会议采取现场投票和网络投票相结合的方式进行表决。其中，现场会议 于 2025 年 12 月 29 日下午 2:00 在公司会议室召开；通过深圳证券交易所交易系 统进行网络投票的时间为 2025 年 12 月 29 日 9:15-9:25，9:30-11:30 和 13:00-15:00，通过深圳证券交易所互联网投票系统进行网络投票的时间为 2025 年 12 月 29 日 9:15-15:00。 出席本次股东大会的股东及代理人共 111 人，所持有表决权的股份数为 185,937,377 股，占公 ...

北京市嘉源律师事务所 关于武汉天喻信息产业股份有限公司 2025 年第四次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI`AN 致：武汉天喻信息产业股份有限公司 北京市嘉源律师事务所 关于武汉天喻信息产业股份有限公司 2025 年第四次临时股东大会的 法律意见书 嘉源(2025)-04-967 北京市嘉源律师事务所（以下简称"本所"）接受武汉天喻信息产业股份有 限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效 的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《武 汉天喻信息产业股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指 派本所律师对公司 2025 年第四次临时股东大会（以下简称"本次股东大会"）进 行见证，并依法出具本法律意见书。 为出具本法律意见书，本所指派律师以现场方式见证了本次股东大会，查阅 了公 ...

Core Insights - The People's Bank of China has officially released an action plan to strengthen the management and service system of digital RMB, with a new framework set to launch on January 1, 2026 [1][3] Group 1: Policy and Regulatory Developments - The release of the action plan is part of a broader strategy by the central bank to address global challenges related to central bank digital currencies (CBDCs) [3] - The Deputy Governor of the People's Bank of China highlighted four major challenges facing CBDCs, including the impact of modern digital payment tools on monetary control and the balance between central bank liabilities and commercial bank responsibilities [3] Group 2: Market Potential and Application - As of November 2025, digital RMB has processed 3.48 billion transactions amounting to 16.7 trillion yuan, with significant growth in user wallets [4] - The digital RMB has established a dominant position in cross-border payments, handling 4,047 transactions worth approximately 387.2 billion yuan, accounting for 95.3% of transaction volume in a multilateral CBDC bridge project [4] Group 3: Industry Growth and Investment Opportunities - The digital currency industry is experiencing a surge, with 74,600 new blockchain-related companies registered in 2025, indicating a robust ecosystem supporting digital RMB [5] - Capital markets have reacted positively, with significant stock price increases in companies involved in the digital currency sector following the announcement of favorable policies [5] - Analysts suggest that the digital RMB is evolving beyond a payment tool into a strategic asset that integrates finance, technology, and data, with potential applications in smart contracts and supply chain finance [6]

Core Viewpoint - The People's Bank of China has introduced an action plan to strengthen the management and service system for digital RMB, with a new framework set to launch on January 1, 2026 [2][4]. Group 1: Digital Currency Developments - The digital currency sector has seen significant stock price movements, with companies like Yuyin Co. hitting the daily limit and *ST Tianyu rising over 10% [2][6]. - As of November 2025, digital RMB has processed 3.48 billion transactions, amounting to 16.7 trillion yuan, with 230 million personal wallets opened through the digital RMB app [5]. - The multi-central bank digital currency bridge (mBridge) has handled 4,047 cross-border payment transactions, totaling approximately 387.2 billion yuan, with digital RMB accounting for about 95.3% of the transaction volume [5]. Group 2: Challenges and Opportunities - The Deputy Governor of the People's Bank of China highlighted four key challenges in the development of digital currencies, including the impact of modern digital payment tools on monetary control and the risks associated with financial disintermediation [4]. - The recent policy from eight departments supports international cooperation in digital finance, particularly in cross-border payments using central bank digital currencies with countries like Thailand and Singapore [8]. - Predictions suggest that by 2030, the global cross-border payment market could reach $290 trillion, with the RMB's share estimated at 10%-20% and digital currency penetration at 20%-40%, translating to a market potential of 40.6 trillion to 162.4 trillion yuan [8]. Group 3: Industry Growth - As of December 25, 2025, China has registered 74,600 blockchain-related companies, marking a record high in the past five years, with the South China region accounting for 32.5% of new registrations [8]. - The stock of blockchain-related companies in China has been steadily increasing over the past decade, with a notable acceleration in growth since 2019, totaling 289,400 existing companies as of December 25 [8]. - The development of digital RMB is viewed as a strategic asset that integrates finance, technology, and data, enhancing trade efficiency through blockchain technology [8].