证券代码：300472 证券简称：*ST 新元 公告编号：临-2025-179 万向新元科技股份有限公司 第五届董事会第二十一次会议决议公告 议案一、《关于公司获得债务豁免的议案》 2025 年 12 月 29 日，公司收到欧亿健康管理股份有限公司(以下简称"欧亿 健康")出具的《债务豁免确认函》。欧亿健康就债务豁免事宜，郑重作出如下 承诺:单方面、不附带任何条件、不可变更且不可撤销地豁免新元科技未偿还欧 亿健康的债务(包括债权本金和截至本豁免函出具之日的利息、逾期利息及违约 金)及其他一切费用。 具体内容详见公司同日披露于巨潮资讯网的《关于公司获得债务豁免的公告》 （公告编号：临-2025-180）。 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、误导性陈述或者重大遗漏。 万向新元科技股份有限公司（以下简称"公司"或"新元科技"）于 2025 年 12 月 29 日以通讯方式召开第五届董事会第二十一次会议。本次会议由董事长 朱绍卿先生主持。本次会议应到董事 9 人，实际出席董事 9 人。会议通知于 2025 年 12 月 29 日以通讯方式送达。本次会议召开符合《公司法》和《公司 ...

证券代码：300472 证券简称：*ST新元 公告编号：临-2025-178 万向新元科技股份有限公司 关于与财务投资人签署重整投资协议的公告 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。 特别风险提示： 1、本次与财务投资人签署的《重整投资协议》存在因触发协议约定情形 而导致协议被解除、终止的风险，亦可能出现重整投资人无法按照协议约定履 行或及时履行相关义务的情形，敬请注意投资风险。 2、大华会计师事务所（特殊普通合伙）对公司2024年度财务报表出具了无 法表示意见的审计报告，公司股票交易被实施"退市风险警示"。同时，大华会 计师事务所（特殊普通合伙）对公司2024年度内部控制出具了否定意见的内部控 制审计报告，公司最近连续三个会计年度扣除非经常性损益前后净利润均为负值， 且最近一个会计年度审计报告显示公司持续经营能力存在不确定性，公司主要银 行账户被冻结，公司股票交易被实施"其他风险警示"。 3、截至本公告披露日，前述"退市风险警示"及"其他风险警示"情形均 未消除。根据《深圳证券交易所创业板股票上市规则》，公司存在以下退市风险： （1）因2024年度财 ...

2025 年 12 月 29 日，公司收到抚州中院送达的《决定书》[(2025)赣 10 破 申 1 号之二]，具体内容如下： "2025 年 7 月 4 日，本院作出(2025)赣 10 破申 1 号决定书，决定对万向新 元科技股份有限公司(以下简称新元科技)启动预重整，并指定上海市锦天城律师 事务所担任新元科技公司预重整临时管理人。2025 年 9 月 26 日，本院根据新元 科技预重整临时管理人申请，决定延长新元科技预重整期间至 2026 年 1 月 3 日。 2025 年 12 月 12 日，新元科技预重整临时管理人向本院提交《关于再次延长新 元科技预重整期限的申请》，本院参照《江西省高级人民法院关于审理企业破产 预重整案件工作指引》第十一条之规定报请江西省高级人民法院审查，江西省高 级人民法院作出《关于对抚州市中级人民法院申请延长新元科技破产预重整案件 审理期限的批复》，同意延长新元科技预重整期间三个月，即预重整审理期限延 长至 2026 年 4 月 3 日。 本院参照《江西省高级人民法院关于审理企业破产预重整案件工作指引》第 十一条之规定及江西省高级人民法院批复，决定: 证券代码：300472 证 ...

Core Viewpoint - *ST XinYuan is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, while facing multiple challenges that could lead to termination of its listing status [1][3][4]. Group 1: Cash Donation and Debt Waiver - The company announced that it will receive a cash donation of up to 330 million yuan from its industry investor, Beijing SuiRui XinYuan Innovation Technology Center, and SuiRui Technology Group [1]. - This cash donation is unconditional, irrevocable, and will directly enhance the company's financial position without any repayment obligations [1]. - Additionally, the actual controller, Zhu Yesheng, has committed to waive debts amounting to no more than 50 million yuan, which is also unconditional and irrevocable [2]. Group 2: Delisting Risks - *ST XinYuan is currently facing significant delisting risks, including the potential for its stock to be terminated if it fails to resolve issues highlighted in its 2024 financial report [3]. - The company reported a revenue of 68.43 million yuan for the first three quarters of 2025, with shareholders' equity at -55.02 million yuan, indicating a precarious financial situation [3]. - If the audited profit totals, net profit, or adjusted net profit are negative, or if the year-end net assets are negative, the company risks delisting [3]. Group 3: Business Operations and Future Plans - The company is in urgent need of quality business integration to stabilize its revenue sources and ensure ongoing operations [5]. - A restructuring investment plan has been proposed by SuiRui Technology Group and other partners to inject core quality businesses into *ST XinYuan [5]. - The funding for this investment will come from the company's own or self-raised funds, which is expected to have a positive impact on its financial and operational status [5].

Core Viewpoint - *ST XinYuan is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, while facing multiple challenges that could lead to termination of its listing status [1][2][3][4]. Group 1: Cash Donation and Debt Waiver - The company announced that it will receive a cash donation of up to 330 million yuan from its industry investors, which will be a non-repayable and unconditional gift [1]. - The cash donation is expected to positively impact the company's asset-liability ratio and net assets, but it does not guarantee resolution of delisting risks [1]. - Additionally, the actual controller, Zhu Yesheng, has committed to waive debts amounting to no more than 50 million yuan, which is also a unilateral and unconditional action [2]. Group 2: Delisting Risks - *ST XinYuan is currently under delisting risk warnings due to potential negative financial outcomes in its 2024 annual report, which could lead to termination of its listing if not resolved by the 2025 annual report [2][3]. - The company reported a revenue of 68.43 million yuan for the first three quarters of 2025, with shareholders' equity at -55.02 million yuan, indicating significant financial distress [3]. - If the company fails to successfully restructure, it may face bankruptcy and delisting [4]. Group 3: Business Operations and Future Plans - The company is in urgent need of quality business integration to establish stable revenue sources, as its current business scale and operational support are insufficient [5]. - A restructuring investment plan has been proposed by a consortium, which includes core business injections from related parties, aimed at improving the company's operational capabilities [5]. - The funding for this investment will come from the company's own or self-raised funds, ensuring no adverse effects on its financial and operational status [5]. Group 4: Market Performance - The latest stock price of *ST XinYuan is reported at 8.3 yuan per share, with a total market capitalization of 2.285 billion yuan [6].

Core Viewpoint - The company *ST XinYuan (300472) is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, while facing multiple challenges that could lead to its termination of listing [1][2]. Group 1: Cash Donation and Debt Waiver - The company announced that it will receive up to 330 million yuan in cash assets from its industry investors, which will be a non-repayable donation without any conditions attached [1]. - Additionally, the actual controller, Zhu Yesheng, has committed to waive debts amounting to no more than 50 million yuan, which is also a unilateral and unconditional waiver [2]. Group 2: Delisting Risks - The company is currently under delisting risk warnings due to potential negative audit opinions for the 2024 fiscal year, which could lead to termination of listing if issues are not resolved by the 2025 annual report [2]. - As of the first three quarters of 2025, the company reported revenues of 68.43 million yuan and a negative equity of 55.02 million yuan, which could trigger delisting if certain financial thresholds are not met [3]. - The company faces additional risks of bankruptcy and delisting if its restructuring efforts fail or if a court accepts its restructuring application [4]. Group 3: Business Operations and Future Plans - The company is in urgent need of quality business integration to establish stable revenue sources, as its current business scale and operational support are insufficient [5]. - A restructuring investment plan has been proposed, which includes the injection of core quality businesses from related parties, aimed at improving the company's financial and operational status [5]. Group 4: Market Performance - The latest stock price of *ST XinYuan is reported at 8.3 yuan per share, with a total market capitalization of 2.285 billion yuan [6].

Group 1 - During the period from December 29 to December 31, 19 stocks will have a lock-up release value exceeding 100 million yuan, with a total lock-up release market value of 953.6 billion yuan across 34 stocks [4][5] - *ST XinYuan announced that it received a cash asset donation and debt waiver to mitigate delisting risks, maintaining its status as a listed company. The donation amounts to no more than 330 million yuan, and the debt waiver is up to 50 million yuan [1][2] - *ST XinYuan has been in a state of insolvency, with a net asset of 55.02 million yuan and has reported losses for five consecutive years, including a loss of 81.72 million yuan in the first three quarters of this year [2] Group 2 - The stock price of *ST XinYuan has dropped over 70% from its historical peak in 2021, but has rebounded by over 170% since hitting a low in May this year [2] - The highest lock-up release value among the 19 stocks is from GuoHuoHang, with a release of 6.433 billion shares, accounting for 52.69% of its total share capital, valued at 39.754 billion yuan [5] - Baiwei Storage and YingShi Network also have significant lock-up releases, with values of 12.886 billion yuan and 11.321 billion yuan respectively, and both companies are recognized leaders in their respective sectors [5][6] Group 3 - Ten stocks have a lock-up release ratio exceeding 10% of their total share capital, including QingYue Technology, ZhongLi Group, and others [7] - QingYue Technology has a lock-up release of 2.12 billion shares, representing over 47% of its total share capital, with the release date on December 28 [7] - QingYue Technology is a leading manufacturer of electronic paper modules and related products [7]

Group 1: Company Developments - *ST XinYuan announced the receipt of cash assets and debt waiver to mitigate delisting risks, maintaining its status as a listed company. The cash asset donation is up to 330 million yuan, with no obligations or conditions attached [2] - The actual controller, Zhu Yesheng, has committed to waive debts amounting to no more than 50 million yuan, which is a unilateral and unconditional waiver [2] - The company is undergoing a capital increase by converting capital reserves into shares, with a total of 397 million shares to be issued at a price of 3.5 yuan per share, raising 350 million yuan [2] Group 2: Financial Performance - As of the third quarter, *ST XinYuan is in a state of insolvency, with a net asset of 55.02 million yuan. The company has reported losses for five consecutive years, with a loss of 81.72 million yuan in the first three quarters of this year [3] - The stock price of *ST XinYuan has decreased by over 70% from its historical peak in 2021, but has rebounded by over 170% since hitting a low in May this year [3] Group 3: Stock Unlocking Events - From December 29 to December 31, 34 stocks will have restricted shares unlocked, totaling 9.536 billion yuan in market value [4] - Among these, 19 stocks have a market value exceeding 100 million yuan, with three stocks surpassing 10 billion yuan: Guohuo Airlines, Baiwei Storage, and YingShi Network [5] - Guohuo Airlines has the highest unlocking market value at 39.754 billion yuan, with 6.433 billion shares unlocked, representing 52.69% of its total share capital [5] - Baiwei Storage has 114 million shares unlocked, valued at 12.886 billion yuan, representing 24.49% of its total share capital, and has seen a cumulative increase of over 700% since its IPO [5] - YingShi Network, with 378 million shares unlocked, has a market value of 11.321 billion yuan, representing 48% of its total share capital [6] Group 4: High Unlocking Ratios - Ten stocks have an unlocking ratio exceeding 10% of their total share capital, including Qingyue Technology and Zhongli Group [7] - Qingyue Technology has 212 million shares unlocked, accounting for over 47% of its total share capital [7] - Zhongli Group and Shangtai Technology have unlocking ratios exceeding 30%, while Fulede and Tongyi Shares exceed 20% [8]

Core Viewpoint - *ST Xin Yuan is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, as it faces severe financial challenges and operational disruptions [1][2]. Group 1: Financial Support Measures - The company announced that Beijing Sui Rui Xin Yuan Innovation Technology Center and Sui Rui Technology Group plan to donate up to 330 million yuan in cash to support the company in addressing its delisting risk and improving its financial structure [1]. - The actual controller, Zhu Yesheng, has decided to waive debts owed by a subsidiary, Ningxia Xin Yuan, amounting to no more than 50 million yuan, which will help reduce the company's debt burden [1][6]. Group 2: Current Financial Status and Risks - As of September 30, 2025, the company's net assets attributable to shareholders were -55.02 million yuan, putting it at risk of delisting if the audited net assets remain negative at the end of the fiscal year [2]. - The company reported revenue of 68.43 million yuan for the first three quarters of 2025, and if the audited profit figures are negative and revenue falls below 100 million yuan, it will also face delisting risks [2]. Group 3: Restructuring Efforts - The company has entered a pre-restructuring process initiated by creditors due to its inability to repay debts, with the court approving the pre-restructuring in July 2025 [3][4]. - A significant development occurred in November 2025 when Sui Rui Green Technology was confirmed as the primary investor for the restructuring, providing a potential lifeline for the company [4]. Group 4: Operational Recovery Initiatives - The company has implemented several self-rescue measures, including cash injections, debt waivers, and efforts to resume operations at its subsidiaries, which had been shut down [6]. - As of December 22, 2025, the company announced that its subsidiaries in Ningxia and Tianjin had met conditions to resume production, which is expected to positively impact its financial metrics [6]. Group 5: Audit and Compliance Changes - Following an unfavorable audit opinion from Da Hua Accounting Firm, the company plans to change its auditing firm to Beijing Dehao International for the 2025 fiscal year, potentially seeking a more favorable audit outcome [7][8]. - The company is also planning to establish two new subsidiaries focused on innovative technology and low-carbon energy, aiming to enhance its operational capabilities [8]. Group 6: Market Position - As of December 26, 2025, *ST Xin Yuan's stock price was 8.30 yuan per share, with a total market capitalization of 2.285 billion yuan [9].

Core Viewpoint - *ST Xin Yuan is seeking to avoid delisting risks through a combination of cash donations and debt waivers, as it faces severe financial challenges and operational disruptions [1][2]. Group 1: Financial Support Measures - The company announced that Beijing Sui Rui Xin Yuan Innovation Technology Center and Sui Rui Technology Group plan to donate up to 330 million yuan in cash to support the company in mitigating delisting risks and improving its financial structure [1][5]. - The actual controller, Zhu Yesheng, will waive debts owed by the subsidiary Ningxia Xin Yuan, amounting to no more than 50 million yuan, which is expected to alleviate the company's debt burden [1][5]. Group 2: Current Financial Status and Risks - As of September 30, 2025, the company's net assets attributable to shareholders were -55.02 million yuan, putting it at risk of delisting if the audited net assets remain negative at the end of the fiscal year [2]. - The company reported revenue of 68.43 million yuan for the first three quarters of 2025, and if the audited profit totals or net profits are negative, it could also trigger delisting conditions [2]. Group 3: Bankruptcy Restructuring Efforts - The company is currently undergoing a pre-restructuring process initiated by creditors due to its inability to repay debts, with a focus on finding a suitable investor for restructuring [3][4]. - On December 11, 2025, *ST Xin Yuan signed a restructuring investment agreement with Beijing Sui Rui Xin Yuan Innovation Technology Center, although the company emphasized that this does not guarantee successful delisting avoidance [3][4]. Group 4: Operational Recovery Initiatives - The company has initiated several self-rescue measures, including cash injections, debt waivers, and efforts to resume operations at its subsidiaries, which had been suspended [5][6]. - As of December 22, 2025, the two main subsidiaries have met conditions to resume production, which is expected to positively impact the company's financial indicators [5]. Group 5: Audit and Compliance Changes - Following an unfavorable audit opinion from its previous auditor, the company plans to change its auditing firm to Beijing Dehao International for the 2025 fiscal year, potentially seeking a more favorable audit outcome [6][7]. - The company is also planning to establish two new subsidiaries focused on innovative technology and low-carbon energy to enhance its operational capabilities [7].