Group 1 - The company Huatu Shanding announced a cash dividend distribution of 5.00 yuan (including tax) for every 10 shares to all shareholders, based on the total share capital minus repurchased shares [1] - The total amount of cash dividends distributed amounts to 98.2811 million yuan, with the remaining undistributed profits carried forward to the next fiscal year [1] - There will be no bonus shares issued, nor will there be any capital reserve fund converted into share capital [1] Group 2 - The record date for the stock rights is set for December 25, 2025, and the ex-dividend date is December 26, 2025 [1]

华图山鼎设计股份有限公司 2025 年前三季度权益分派实施公告 证券代码：300492 证券简称：华图山鼎 公告编号：2025-086 4、本次实施分配方案距离公司 2025 年前三季度股东大会审议通过的利润分 配预案时间未超过两个月。 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、华图山鼎设计股份有限公司（以下简称"公司"）2025 年前三季度利润 分配方案已获 2025 年 12 月 17 日召开的 2025 年第三次临时股东大会审议通过。 公司回购专用证券账户中的 118,799 股不参与本次权益分派。公司 2025 年前三 季度权益分派方案为：公司以现有 196,562,259 股（总股本 196,681,058 股扣除 已回购股份 118,799 股）为基数,向全体股东每 10 股派发现金红利 5.00 元（含 税），分配现金红利总额为 98,281,129.50 元，剩余未分配利润结转入下一年度。 本次不送红股，不以资本公积金转增股本。 2、按 A 股除权前总股本（含回购股份及其他不参与分红的股份）计算的每 10 股派发现金红利为 ...

Core Viewpoint - The company announced the election of Mr. Zheng Wenzhao as the employee representative director of the fifth board of directors during the second employee representative assembly held on December 17, 2025 [2] Group 1 - The second employee representative assembly took place on December 17, 2025 [2] - The assembly reached a unanimous decision to elect Mr. Zheng Wenzhao as the employee representative director [2] - Mr. Zheng's term will last until the end of the fifth board of directors' term [2]

Core Viewpoint - Huatu Shanding announced the approval of multiple proposals at the third extraordinary general meeting of shareholders for 2025, including the profit distribution plan for the first three quarters of 2025 [2] Group 1 - The company held its third extraordinary general meeting of shareholders for 2025 on December 17 [2] - The meeting approved the proposal regarding the profit distribution plan for the first three quarters of 2025 [2]

证券代码：300492 证券简称：华图山鼎 公告编号：2025-084 华图山鼎设计股份有限公司 2025 年第三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、本次股东大会未涉及变更前次股东大会决议。 一、会议召开和出席情况 （一）股东大会届次：2025 年第三次临时股东大会 公司董事会以公告方式向全体股东发出召开 2025 年第三次临时股东大会的 通 知 ， 详 见 2025 年 12 月 2 日 、 2025 年 12 月 9 日 公 司 在 巨 潮 资 讯 网 （www.cninfo.com.cn）刊登的《关于召开 2025 年第三次临时股东大会通知的公 告》（公告编号：2025-078）、《关于召开 2025 年第三次临时股东大会通知的公告 （补充后）》（公告编号：2025-080）。 （二）会议召集人：公司董事会 （三）会议主持人：董事长吴正杲先生 （四）会议召开时间： （七）股权登记日：2025 年 12 月 10 日 （八）本次股东大会会议的召集、召开与表决程序符合 ...

北京市竞天公诚律师事务所 关于华图山鼎设计股份有限公司 2025 年第三次临时股东大会的 法律意见书 中国 北京 二○二五年十二月十七日 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 关于华图山鼎设计股份有限公司 2025 年第三次临时股东大会的法律意见书 致：华图山鼎设计股份有限公司 1、现场出席本次股东大会的有关股东、股东授权代表、董事、监事及其他 有关人员的身份证明及/或授权委托书； 2、公司董事会向本次股东大会提出的提案； 3、本次股东大会通过的决议；及 4、公司的《公司章程》。 本所亦根据有关规定委派律师现场出席了本次股东大会并对本次股东大会 召开和现场表决的程序进行了审核和见证。 北京市竞天公诚律师事务所（以下简称"本所"）受华图山鼎设计股份有限 公司（以下简称"公司"）的委托，根据和参照《中华人民共和国公司法》（以下 称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）和中国证 券监督管理委员会发布的《上市公司股东会规则》（以下称"《规则》"）等有 ...

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。 华图山鼎设计股份有限公司（以下简称"公司"）于 2025 年 12 月 17 日召开 了 2025 年第二次职工代表大会，经与会职工代表讨论和表决，一致同意选举郑 文照先生为公司第五届董事会职工代表董事(简历详见附件)，任期自本次职工代 表大会审议通过之日起至第五届董事会任期届满之日止。 郑文照先生具备担任公司职工代表董事的任职资格和条件，符合相关法律法 规的规定。 证券代码：300492 证券简称：华图山鼎 公告编号：2025-085 华图山鼎设计股份有限公司 关于选举职工代表董事的公告 董事会 2025 年 12 月 18 日 附件：第五届董事会职工代表董事简历 郑文照先生，1986 年出生，中国国籍，无境外永久居留权，本科学历。2009 年 1 月至 2013 年 12 月历任北京华图宏阳教育文化发展股份有限公司优职项目部 总监和教师事业部副总经理、市场运营中心总监和分校管理中心总监、四川分公 司负责人；2014 年 1 月至 2016 年 12 月任北京华图宏阳教育文化发展股份有限 公司助理副总裁兼云南分 ...

Core Insights - The vocational education sector is experiencing significant changes as major players like Fenbi and Huatu Shanding are launching new employment service products and forming strategic partnerships to adapt to market pressures [2][3][4] - Despite a record high of 3.718 million applicants for the national civil service exam in 2026, the growth rate of major training institutions is slowing down, indicating a complex industry environment [5][6] Group 1: Market Dynamics - The overall demand for civil service exam training remains strong, with the market size projected to reach approximately 40 billion yuan in 2024, but leading institutions face growth pressures due to increased competition and changing consumer preferences [9][10] - The influx of new competitors, including K12 training institutions and individual tutors, has disrupted the previously dominant position of major players, leading to a more fragmented market [10][11] - Changing consumer behavior, including a preference for more affordable online courses and local institutions, is impacting the traditional high-cost training models [11][12] Group 2: Institutional Responses - Major institutions are seeking to innovate by launching new products and services, as well as forming partnerships with former competitors to explore new growth avenues [6][8] - Institutions are shifting their focus from solely exam preparation to broader employment services, with Fenbi and Zhonggong Education positioning themselves as employment service providers [19][20] - The integration of AI technology across various business processes is becoming a key strategy for institutions to enhance efficiency and reduce costs [20][21] Group 3: Future Outlook - The civil service training market is expected to undergo a significant reshuffle as institutions adapt to the evolving landscape and seek to establish new competitive advantages [8][24] - The ability of major players to maintain their market positions will depend on their success in leveraging new technologies and diversifying their service offerings [24]

Core Viewpoint - The competitive landscape of the civil service exam training market is evolving as two leading companies, Fenbi and Huatu, have announced a strategic partnership to mitigate fierce competition and enhance user experience [2][4][20]. Group 1: Strategic Partnership - Fenbi and Huatu have signed a strategic cooperation agreement to explore collaboration in investment, corporate governance, technology development, and channel cooperation [5][6]. - The partnership aims to leverage each company's strengths, with Huatu's extensive offline presence complementing Fenbi's online capabilities, thereby improving operational efficiency [6][7]. - Both companies will advocate for industry self-regulation and user oversight, aiming to establish industry benchmarks and combat unethical practices [7][8]. Group 2: Market Context - The civil service exam training market has become increasingly competitive, with many institutions employing aggressive pricing strategies, leading to a chaotic market environment [2][19]. - The market for vocational exam training in China is projected to exceed 100 billion yuan by 2026, with civil service exam training alone expected to reach 20 billion yuan [17]. - The increasing number of graduates seeking stable employment has intensified competition in the civil service exam sector, resulting in lower pass rates and a crowded training market [17][18]. Group 3: Company Performance - Fenbi has faced declining revenues, with a projected income of 27.90 billion yuan in 2024, down 7.66% year-on-year, and an 8.50% decline in the first half of the year [17]. - Huatu has shown resilience, with a 15.65% year-on-year revenue growth to 24.64 billion yuan in the first three quarters, surpassing its competitor, Zhonggong Education [19]. - Zhonggong Education, once the market leader, has seen its revenue shrink from a peak of 112 billion yuan in 2020 to 26.27 billion yuan in 2024, indicating a significant market shift [19].

Core Viewpoint - The competitive landscape of the civil service exam training market is intensifying, leading to a strategic partnership between two leading companies, Fenbi and Huatu, aimed at reducing vicious competition and promoting high-quality development in the industry [2][3][4]. Group 1: Market Dynamics - The civil service exam training market has become highly competitive, with a significant number of candidates vying for limited positions, resulting in a booming yet chaotic training market [1]. - The market is characterized by aggressive tactics from training institutions, including low pricing and guarantees of passing, which have led to a lack of quality and increased competition [2]. - The civil service exam training market in China is projected to exceed 100 billion yuan by 2026, with the civil service exam segment alone expected to reach 20 billion yuan [20]. Group 2: Strategic Partnership - On December 12, Fenbi and Huatu announced a strategic cooperation agreement to enhance the competitive environment of the civil service exam training market, improve user experience, and achieve resource complementarity [3][4]. - The partnership will explore collaboration in investment, corporate governance, technology development, and channel cooperation, including potential equity cooperation and joint ventures [4][5]. - Both companies aim to leverage their respective strengths—Huatu's extensive offline presence and Fenbi's online technology and user traffic—to improve operational efficiency and raise industry entry barriers [5][7]. Group 3: Industry Challenges - Despite the strategic partnership, the market reaction was lukewarm, with both companies' stock prices declining following the announcement [8]. - Fenbi has faced challenges in recent years, with revenue declining due to intensified competition and the rise of low-cost individual teachers on social media platforms [17][22]. - Huatu, while experiencing growth, is also dealing with legal issues related to its IPO process, which could impact its control and financial stability [17]. Group 4: Competitive Landscape - The civil service exam training market is fragmented, with many players leading to low concentration; the top five companies only hold a combined market share of 22.1% [22]. - Huatu has seen a revenue increase of 15.65% year-on-year, reaching 24.64 billion yuan, surpassing the struggling market leader, Zhonggong Education, which has seen a significant revenue decline [22]. - The partnership between Fenbi and Huatu may signal the beginning of a new round of industry reshuffling, as both companies seek to consolidate their positions in a challenging market [20][22].