Core Viewpoint - The major shareholder, Chen Songhui, has made significant progress in increasing his stake in Guangdong Sanxiong Aurora Lighting Co., Ltd, having already acquired 1,537,600 shares, which is 0.5505% of the total share capital, as part of a planned increase of at least 1,398,000 shares [2][3]. Group 1: Shareholder's Increase Plan - Chen Songhui plans to increase his holdings by a minimum of 1,398,000 shares and a maximum of 2,793,310 shares within a six-month period starting from April 8, 2025 [2][3]. - The increase is based on confidence in the company's future development and investment value, with no set price range for the purchases [2][3]. Group 2: Progress of the Increase Plan - As of the date of the announcement, Chen Songhui has already met the minimum target of the increase plan, having spent approximately RMB 16.6068 million (including transaction fees) [2][3]. - Prior to the increase, Chen held 24,540,417 shares (8.7854% of total share capital), and after the increase, he holds 26,078,017 shares (9.3359% of total share capital) [3]. Group 3: Compliance and Future Considerations - The company assures that the increase plan will not lead to changes in the controlling shareholder or actual controller [5]. - Chen Songhui will consider further increases based on market conditions and will comply with legal disclosure obligations [3][4].

广东三雄极光照明股份有限公司 证券代码：300625 证券简称：三雄极光 公告编号：2025-031 关于持股5%以上股东增持公司股份计划实施期限 过半的进展公告 公司持股5%以上股东、董事、副总经理陈松辉先生保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 基于对公司未来发展前景的信心以及对公司投资价值的认可，持有公司 5% 以上股份的股东、董事、副总经理陈松辉先生计划自 2025 年 4 月 8 日起 6 个月 内，通过深圳证券交易所交易系统允许的方式（包括但不限于集中竞价、大宗交 易等方式）增持公司股份不低于 1,398,000 股（含本数），且不超过 2,793,310 股（含本数）。本次增持计划不设定价格区间，将根据市场整体变化趋势和公司 股票交易价格的波动情况，择机实施增持计划。 本次增持计划的具体内容详见公司于 2025 年 4 月 10 日在巨潮资讯网 （http://www.cninfo.com.cn）上披露的《关于持股 5%以上股东增持公司股份 及后续增持计划暨股份变动触及 1%整数倍的公告》（公告编号：2025-007） 二、本次增持计划的实施进展情况 ...

Core Viewpoint - The election of the chairman at Sanxiong Aurora Lighting Co., Ltd. has sparked controversy due to differing opinions among board members, reflecting underlying management issues and a significant decline in the company's financial performance in 2024 [2][3][4]. Company Overview - Sanxiong Aurora primarily engages in the research, production, and sales of semiconductor lighting products and related control systems, serving various sectors including commercial, office, industrial, and residential lighting [6]. Chairman Election Controversy - The election featured two candidates: Zhang Yutao, the current chairman, and Zhang Xianqing, the current vice president. Zhang Yutao received 7 votes in favor and 2 against, while Zhang Xianqing's proposal garnered 2 votes in favor, 4 against, and 3 abstentions [3][4]. - Zhang Xianqing criticized Zhang Yutao's management as "chaotic" and claimed it led to declining revenues and profits, with the company experiencing a loss in the first quarter of 2024 [3][4]. Financial Performance - In 2024, Sanxiong Aurora reported a revenue of 2.078 billion yuan, a year-on-year decrease of 11.64%, and a net profit of 48.09 million yuan, down 76.53% [6][7]. - The company experienced a loss of 13.27 million yuan in the fourth quarter of 2024 [6]. Industry Context - The overall demand in the lighting market, both domestically and internationally, has not met expectations, leading to a decline in sales [7]. - The Chinese semiconductor lighting industry is projected to see a market value of approximately 514.2 billion yuan in 2024, reflecting a year-on-year decline of 7.6% [7]. Industry Challenges - The lighting industry is characterized by low concentration, with the largest market share held by a single company being less than 5%. Sanxiong Aurora anticipates that the pressure on companies will remain high, and an increase in industry concentration is expected as smaller firms face greater survival challenges [8]. - The company has undergone significant internal reforms aimed at improving operational efficiency, although it acknowledges that there is still considerable room for improvement compared to industry leaders [8].

Group 1 - The LED lighting industry is facing unprecedented challenges due to technological changes and industry reshuffling, leading to a focus on internal improvements by companies [1][6] - Sanxiong Aurora (300625.SZ) recently experienced disputes during the election of a new chairman, highlighting the difficulties within the LED lighting sector [3][4] - The company has seen a decline in revenue and net profit over the past three years, with 2022-2024 projected revenues of approximately 23 billion, 24 billion, and 21 billion respectively, and a significant drop in net profit in 2023 [4][5] Group 2 - The election for the new chairman involved a competitive scenario between Zhang Yutao and Zhang Xianqing, with Zhang Yutao ultimately re-elected despite opposition due to concerns over management issues [4][6] - Sanxiong Aurora has no controlling shareholder, and the founding members, all graduates of South China University of Technology, are facing performance pressures amid a challenging market [5] - The overall Chinese lighting industry is underperforming, with a projected decline in both export and domestic sales, leading to a decrease in market value for major companies including Sanxiong Aurora [5][6]

Core Viewpoint - The internal divisions within Sanxiong Aurora (三雄极光) have been highlighted during the recent board meeting, particularly due to the rare "2 vs 1" election for the chairman position, raising concerns about the company's governance and future prospects [1][5]. Summary by Sections Board Election Controversy - The board meeting on June 27 revealed a contentious election for the chairman position between the current chairman Zhang Yutao and non-independent director Zhang Xianqing, with Zhang Yutao's proposal passing with 7 votes in favor and 2 against [5][7]. - Zhang Xianqing criticized Zhang Yutao's management during his tenure, citing a decline in both revenue and net profit, alongside rising expenses, leading to a loss in Q1 2025 [5][10]. Historical Context and Shareholding - The four key figures in the company, Zhang Yutao, Lin Yan, Zhang Xianqing, and Chen Songhui, were university classmates who co-founded the company, which went public in 2017. Their shareholding percentages are 18.25%, 16.72%, 11.72%, and 9.34% respectively [7][10]. - Since the termination of their joint action agreement in April 2020, the company has been without a controlling shareholder or actual controller [7]. Performance Issues - Sanxiong Aurora has faced declining performance, with 2024 revenue at 2.078 billion yuan, down 11.64%, and net profit at 48.09 million yuan, down 76.53% [10]. - The company reported a significant drop in net profit and a 94.85% decrease in non-recurring net profit, indicating severe operational challenges [10]. - The stock price has plummeted over 80% since reaching a peak of 65 yuan in March 2017, closing at 11.86 yuan on June 27, 2025 [10]. Shareholder Sentiment - Dissatisfaction among minority shareholders is evident, as they rejected the compensation plan for non-independent directors and executives during the 2024 annual meeting [10][11]. - The voting results for Zhang Yutao and Lin Yan during the board election reflected a lack of support from minority shareholders, receiving only 12 votes, which is less than one-millionth of the total effective votes [11]. Expert Insights - Experts emphasize that companies without a controlling shareholder require a high level of consensus among management. Continued internal conflicts could hinder performance recovery and affect relationships with supply chain partners and distributors [12].

一、股东大会审议通过利润分配方案等情况 1.公司 2024 年度利润分配方案已获公司 2025 年 5 月 22 日召开的 2024 年度 股东大会审议通过。公司 2024 年度利润分配方案为：以公司现有总股本 279,331,000 股为基数，向全体股东每 10 股派发现金红利人民币 3 元（含税）， 合计拟派发现金红利总额为人民币 83,799,300.00 元（含税）。不送红股，不以 资本公积金转增股本，剩余未分配利润结转以后年度分配。在 2024 年度利润分 配预案披露后至实施前，若公司股本分配基数发生变化，将以变动后的股本为基 数实施，按照分配比例不变的原则对分配总额进行调整。 2.自 2024 年年度权益分派方案披露至实施期间，公司股本总额未发生变化。 3.本次实施的分配方案与股东大会审议通过的分配方案及其调整原则一致。 证券代码:300625 证券简称: 三雄极光 公告编号:2025-030 广东三雄极光照明股份有限公司 2024 年年度权益分派实施公告 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。 广东三雄极光照明股份有限公司（以下简称"公司 ...

Core Viewpoint - The recent board meeting of Sanxiong Aurora (300625) highlighted internal conflicts within the LED lighting company, particularly during the rare "2 vs 1" election for the chairman position, raising concerns about its governance and future prospects [2][7]. Meeting Details - The sixth board meeting of Sanxiong Aurora was held on June 27, 2025, with all nine directors present, confirming the legality of the meeting and its resolutions [4]. - The meeting involved a vote on the election of the chairman, with two candidates: the current chairman Zhang Yutao and non-independent director Zhang Xianqing [5][7]. Election Results - Zhang Yutao was elected as chairman with 7 votes in favor and 2 against, while Zhang Xianqing's proposal received only 2 votes in favor, indicating significant internal division [7][9]. - The election results reflect a broader conflict among the company's founding members, who were once university classmates and have been involved in the company's management since its inception [9]. Performance Issues - Sanxiong Aurora has faced declining performance, with 2024 revenue at 2.078 billion yuan, down 11.64% year-on-year, and net profit dropping 76.53% to 48.09 million yuan [12]. - The company reported its first loss in Q1 2025, contributing to a significant decline in stock price, which has fallen over 80% from its peak of 65 yuan in March 2017 to 11.86 yuan [12][13]. Shareholder Sentiment - Discontent among minority shareholders is evident, as they rejected the compensation plan for non-independent directors and executives during the 2024 annual general meeting [13]. - The lack of a controlling shareholder has led to increased internal strife, which experts warn could hinder the company's recovery and affect relationships with suppliers and distributors [14].

Group 1 - The company held its first meeting of the sixth supervisory board on June 21, 2025, and the meeting was conducted via electronic notification [1] - The supervisory board unanimously elected Ms. Qu Yanqiong as the chairperson of the sixth supervisory board, with a term starting from the approval date until the board's term ends [1] - The voting results for the election were 3 votes in favor, 0 votes against, and 0 abstentions [1] Group 2 - Ms. Qu Yanqiong does not hold any direct or indirect shares in the company and has no relationships with shareholders holding more than 5% of the company's shares [2] - Ms. Qu has not faced any penalties from the China Securities Regulatory Commission or other relevant authorities, nor has she been subject to any criminal investigations or regulatory inquiries [2] - Ms. Qu has not been listed as a dishonest executor by the People's Court and complies with relevant regulations [2]

证券代码：300625 证券简称：三雄极光 公告编号：2025-029 提案 1：选举张宇涛先生为公司第六届董事会董事长 广东三雄极光照明股份有限公司 第六届董事会第一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 广东三雄极光照明股份有限公司（以下简称"公司"）第六届董事会第一次会议（以 下简称"会议"）于 2025 年 6 月 21 日以电子邮件等方式发出通知，会议于 2025 年 6 月 27 日在广州市南沙区公司榄核总部 D 栋一楼大会议室以现场方式召开。会议应到董事 9 名，实到董事 9 名；公司监事、高级管理人员列席会议。本次会议由过半数董事推举董 事张宇涛先生召集和主持。会议的召集、召开程序以及表决程序符合《公司法》及《公 司章程》等有关规定，形成的决议合法有效。 二、会议审议情况 与会董事经过讨论，以记名投票表决方式审议了以下议案： 1、审议《关于选举公司第六届董事会董事长的议案》 公司第六届董事会董事长候选人共有 2 名，具体表决情况如下： 表决结果：7 票同意，2 票反对，0 票弃权。 本提案获得通过。经过 ...

证券代码：300625 证券简称：三雄极光 公告编号：2025-028 广东三雄极光照明股份有限公司 第六届监事会第一次会议决议公告 本公司及监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。 一、监事会会议召开情况 广东三雄极光照明股份有限公司(以下简称"公司") 第六届监事会第一次会议（以 下简称"会议"）于 2025 年 6 月 21 日以电子邮件等方式发出通知，会议于 2025 年 6 月 27 日在广州市南沙区公司榄核总部 D 栋一楼大会议室以现场方式召开。会议应出席监事 3 人，实际出席监事 3 名，董事会秘书和证券事务代表列席了本次会议。本次会议由全 体监事共同推举公司监事区艳琼女士召集和主持。会议的召集、召开程序以及表决程序 符合《公司法》及《公司章程》等有关规定，形成的决议合法有效。 二、监事会会议审议情况 与会监事经过讨论，审议并以记名投票表决方式通过以下议案： 1、审议通过了《关于选举公司第六届监事会主席的议案》 经审核，监事会一致同意选举区艳琼女士（简历详见附件）担任公司第六届监事会 主席，任期自本次监事会审议通过之日起至第六届监事会届满之日止。 ...