证券代码：300795 证券简称：米奥会展 公告编号：2025-062 （一）会议召开情况 1、会议召开时间： 浙江米奥兰特商务会展股份有限公司 2025年第二次临时股东会决议公告 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、本次股东会没有出现否决议案的情况； 2、本次股东会不涉及变更以往股东会已通过决议的情况； 3、本次股东会审议的议案对中小投资者的表决单独计票。 一、会议召开和出席的情况 （1）现场会议召开时间：2025 年 9 月 15 日（周一）下午 14:50 开始； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投 票的具体时间为：2025年9月15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投票的具体时间为： 2025 年 9 月 15 日 9:15 至 2025 年 9 月 15 日 15:00 期间的任意时间。 2、会议召开方式：本次会议采取现场投票与网络投票相结合的 第 1 页 共 4 页 方式召开。 （1）现场投票：包括本人出席及通过填写授权委托书授权他 ...

北京市中伦（深圳）律师事务所 关于浙江米奥兰特商务会展股份有限公司 2025 年第二次临时股东会的 法律意见书 二〇二五年九月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦（深圳）律师事务所 关于浙江米奥兰特商务会展股份有限公司 2025 年第二次临时股东会的 法律意见书 致：浙江米奥兰特商务会展股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）受浙江米奥兰特商务会 展股份有限公司（以下简称"公司"）委托，指派郭子威律师、梁严鑫律师出席并 见证公司 2025 年第二次临时股东 ...

证券代码：300795 证券简称：米奥会展 公告编号：2025-061 浙江米奥兰特商务会展股份有限公司 关于召开2025年第二次临时股东会的提示性公告 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。 浙江米奥兰特商务会展股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日在中国证监会指定创业板信息披露网站巨潮资讯网 （www.cninfo.com.cn）披露了《关于召开公司 2025 年第二次临时股 东会通知的公告》（公告编号：2025-060），本次股东会将采取现场 投票与网络投票相结合的方式召开，根据相关规定，现将本次会议的 有关情况提示如下： 一、召开会议的基本情况 4、会议召开的日期、时间： （1）现场会议召开时间：2025 年 9 月 15 日（周一）下午 14:50 开始； 第 1 页 共 9 页 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投 票的具体时间为：2025年9月15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投票的具体时间为： 2025 年 9 月 1 ...

Company Overview - Zhejiang Miao Exhibition Co., Ltd. is located at 218 Hengfeng Road, Shanghai, and was established on June 30, 2010. The company was listed on October 22, 2019. Its main business involves planning, organizing, promoting, and operating exhibition projects [1] - The company's revenue composition includes 90.11% from self-organized exhibitions, 7.75% from agency exhibitions, and 2.14% from digital exhibitions and others [1] Financial Performance - As of June 30, 2025, Miao Exhibition reported a revenue of 241 million yuan, a year-on-year decrease of 7.43%. The net profit attributable to shareholders was 15.54 million yuan, down 61.84% year-on-year [2] - The company has distributed a total of 324 million yuan in dividends since its A-share listing, with 224 million yuan distributed over the past three years [3] Stock Performance - On September 10, Miao Exhibition's stock price increased by 2.02%, reaching 16.14 yuan per share, with a total market capitalization of 4.824 billion yuan [1] - The stock has seen a year-to-date increase of 6.32%, with a 5-day increase of 5.08%, a 20-day increase of 4.40%, and a 60-day increase of 12.01% [1] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 2.16% to 12,900, while the average circulating shares per person increased by 32.06% to 13,446 shares [2] - Among the top ten circulating shareholders, the Jiashi Theme New Power Mixed Fund (070021) ranked as the ninth largest shareholder, increasing its holdings by 424,000 shares to 1.5686 million shares [3]

Summary of the Conference Call for Miao Exhibition Industry and Company Overview - The conference call pertains to Miao Exhibition, a company involved in organizing trade shows and exhibitions, particularly in Southeast Asia and the Middle East [2][3]. Key Points and Arguments 1. **Revenue and Profit Trends**: In the first half of 2025, Miao Exhibition experienced a revenue decline of approximately 7% and a significant profit drop of over 60%, primarily due to the challenging operating conditions faced by participating companies [4][4]. 2. **Record Orders in Vietnam**: The company secured a record order of $90 million from a Vietnam exhibition, marking a significant achievement in recent years [2][4]. 3. **"Wolf-Sheep Theory" Implementation**: The "Wolf-Sheep Theory" was introduced to enhance audience targeting, resulting in improved quality of industrial machinery professional attendees at the Indonesian industrial exhibition, despite a decrease in overall attendance [2][7]. 4. **Future Growth Plans**: Miao Exhibition plans to reduce U.S. exhibitions and increase new shows in Osaka, Tokyo, Saudi Arabia, and India in the second half of 2025, anticipating a significant revenue boost in Q4, which is expected to contribute 60% to 70% of annual performance [5][9]. 5. **Exhibition Discounts**: Discounts are determined at the contract signing stage and are tailored to specific customer needs, leading to an average revenue decline of 7% due to increased discount frequency in the first half of 2025 [12][12]. 6. **Government Support for SMEs**: The government has improved subsidies for small and medium enterprises (SMEs) going abroad, particularly related to the Belt and Road Initiative, which is expected to positively impact Miao Exhibition [13][15]. 7. **AI Exhibition Product Impact**: The introduction of AI exhibition products, including AI glasses, has had a temporary negative impact on sales revenue but is expected to lay a solid foundation for future growth [8][16]. 8. **India Market Potential**: The opening of business visas in India is seen as a critical growth point, with the potential to organize 1,500 to 2,000 exhibition booths if the situation improves [18][18]. 9. **Trade War Effects**: The U.S.-China trade war has led to a reduction in projects in the U.S. market, with only three projects in Q3 2025 compared to four in the previous year, affecting Chinese companies' willingness to participate [22][23]. 10. **Market Expansion Strategy**: In response to trade uncertainties, Miao Exhibition is actively exploring Southeast Asian and Middle Eastern markets, which are viewed as having good growth prospects [24][24]. 11. **Future M&A Plans**: The company is committed to pursuing mergers and acquisitions, particularly in Southeast Asia and the Middle East, which is seen as a key strategy for long-term growth without straining cash flow [25][25]. Other Important Insights - The overall number of exhibition booths is expected to be around 18,000 for the year, potentially increasing to nearly 19,000 if the Indian exhibition proceeds successfully [11][11]. - The company aims to achieve an annual sales target of $100 million, with plans to enhance the structure of existing conferences and introduce new international large-scale meetings [9][9]. - The competitive landscape in Dubai and other regions is characterized by established local exhibitions, with Miao Exhibition positioning itself based on service quality rather than price competition [24][24].

Core Viewpoint - The company is leveraging AI technology to revolutionize the exhibition industry, enhancing communication and operational efficiency for businesses participating in international trade shows [1][2]. Group 1: AI Solutions and Innovations - The company has developed an intelligent overseas exhibition solution that combines hardware and software, specifically targeting enterprise-level users with AI glasses that support real-time translation in 128 languages [2][3]. - The AI system not only facilitates real-time communication but also automates the generation of follow-up emails and meeting summaries, significantly improving post-exhibition processes [2][3]. - During the 2025 Indonesia Jakarta International Industrial Week, the AI glasses translated over 9,000 minutes of conversation and helped achieve a buyer-seller matching rate exceeding 50% through automated email generation [2][3]. Group 2: Data-Driven Decision Making - The AI system, referred to as AI Hui Zhan, transforms the exhibition process from experience-based to data-driven, enabling comprehensive coverage of the exhibition chain [3][4]. - The system utilizes algorithms to recommend high-matching buyers before the exhibition, automates buyer information collection during the event, and provides data analysis for post-event strategy optimization [3][4]. Group 3: Commitment to R&D - The company has invested over 90 million yuan in R&D from 2020 to 2024, with a budget of over 20 million yuan for 2025, focusing on AI and big data technology [5][6]. - The company initiated its digital transformation in 2017, which allowed it to quickly adapt to online exhibitions during the pandemic, showcasing the importance of a solid digital foundation [5][6]. Group 4: Strategic Partnerships - In September 2024, the company signed a strategic cooperation agreement with the National University of Singapore's Chongqing Research Institute to enhance AI technology for B2B trade matching [6]. - The collaboration aims to develop personalized search and recommendation algorithms to improve the efficiency of connecting businesses with potential clients [6].

Core Viewpoint - The article highlights the transformative impact of AI technology on the exhibition industry, particularly through the innovations introduced by Miao Exhibition, which enhance communication and operational efficiency for businesses participating in international trade shows [1][2]. Group 1: AI Solutions and Industry Pain Points - Miao Exhibition addresses significant pain points in the international exhibition sector, such as language barriers and efficiency bottlenecks, by implementing a comprehensive "hardware + software" solution that includes AI glasses and the AI Hui Exhibition system [2]. - The AI glasses support real-time audio translation in 128 languages, specifically targeting high-frequency minor languages, and are designed to function effectively in noisy environments with unstable network signals [2]. - The AI Hui Exhibition system facilitates data-driven decision-making throughout the exhibition process, from pre-event buyer matching to post-event performance analysis, thereby transforming the traditional experience-based approach into a data-centric model [3]. Group 2: Data-Driven Operations - Miao Exhibition has accumulated over tens of millions of high-quality supplier and buyer data points through its global exhibition operations, which include buyer behavior preferences and historical negotiation records, forming the basis for precise buyer-seller matching [4]. - The company has maintained a strong commitment to digital transformation, investing over 90 million yuan in research and development from 2020 to 2024, with a budget of over 20 million yuan allocated for 2025 to further enhance AI and big data technologies [5]. Group 3: Strategic Collaborations and Future Outlook - Miao Exhibition has entered into a strategic partnership with the National University of Singapore's Chongqing Research Institute to focus on AI technology development for B2B trade matching, with the AI Hui Search being a key outcome of this collaboration [6]. - The company aims to lead the exhibition industry in digitalization and AI integration, aspiring to create a larger market ecosystem that enhances the competitiveness of all businesses engaging in international trade [6].

Market Performance - The primary economic sector increased by 1.6% compared to the previous trading day, with Kai Run Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Top Gainers - Kai Run Co., Ltd. (300577) closed at 23.80, up 6.77% with a trading volume of 66,200 shares and a transaction value of 156 million [1] - Da Feng Industrial (603081) closed at 13.03, up 5.08% with a trading volume of 205,000 shares and a transaction value of 265 million [1] - Feng Shang Culture (300860) closed at 29.03, up 4.12% with a trading volume of 48,400 shares and a transaction value of 2.66 million [1] Market Capital Flow - The primary economic sector saw a net inflow of 56.27 million from main funds, while retail funds experienced a net outflow of 30.30 million [2] - The main funds' net inflow for Li Ya De (300296) was 63.49 million, while retail funds had a net outflow of 44.87 million [3] Individual Stock Performance - Li Ya De (300296) had a main fund net inflow of 63.49 million, representing 5.27% of its total trading volume [3] - Kai Run Co., Ltd. (300577) experienced a main fund net inflow of 19.48 million, accounting for 12.50% of its trading volume [3] - Da Feng Industrial (603081) had a main fund net inflow of 13.34 million, which is 5.04% of its trading volume [3]

Group 1 - The company, Miao Exhibition, has received approval from its board of directors to initiate the preparatory work for its H-share listing [1] - Miao Exhibition, established on June 30, 2010, is recognized as the first and only exhibition main contractor listed in China's capital market, often referred to as "China's first exhibition stock" [1] - The company aims to create a global marketing service platform for Chinese manufacturing through exhibition services, focusing on independent operations and brand development [1] Group 2 - Miao Exhibition has subsidiaries in various locations including Shenzhen, Guangzhou, Dongguan, Beijing, Shanghai, Hangzhou, the UAE, and Indonesia, employing over 1,000 staff [1] - The current stock price of Miao Exhibition is ¥15.54, reflecting a 1.17% increase [2] - The total market capitalization of Miao Exhibition is approximately ¥46.45 billion [3]

Core Viewpoint - Miao Exhibition plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and improve overseas business layout, financing capabilities, and brand image [1] Group 1: Company Strategy and Development - The company aims to accelerate its internationalization strategy and enhance its core competitiveness through the H-share listing [1] - Miao Exhibition's chairman highlighted the efficiency bottlenecks faced by domestic companies in international exhibitions, including language barriers and inadequate customer management [1] - The company is leveraging digital technology and its "AI Hui Exhibition" system to innovate the exhibition industry and address these challenges [1][2] Group 2: Technological Innovations - The "AI Hui Exhibition" system has achieved breakthroughs in six areas, including intelligent matching, translation, and record-keeping, utilizing a database of over 30 million global buyers [2] - Collaboration with Li Weike Technology has led to the development of AI glasses that integrate behavior sensing, multi-modal interaction, and data management capabilities [2] - The future of the exhibition industry is envisioned as being driven by data and AI, with the company aiming to enhance communication for all exporting enterprises [2] Group 3: Financial Performance - In the first half of 2025, Miao Exhibition reported a revenue of 241 million yuan, a year-on-year decrease of 7.43%, and a net profit of 15.54 million yuan, down 61.84% [2] - In the second quarter, the company achieved a revenue of 224 million yuan, a year-on-year increase of 21.5%, and a net profit of 5.23 million yuan, up 45.7% [2] - The company focuses on providing planning, organization, promotion, and operational services for overseas exhibitions, supporting domestic enterprises in their international endeavors [3]