北京德恒（深圳）律师事务所 关于嘉亨家化股份有限公司 2026 年第一次临时股东会 的法律意见 深圳市福田区金田路 4018 号安联大厦 B 座 11 楼 电话:0755-88286488 传真:0755-88286499 邮编:518026 （二）公司第三届董事会第六次会议决议； 北京德恒（深圳）律师事务所 关于嘉亨家化股份有限公司 2026年第一次临时股东会的法律意见 北京德恒（深圳）律师事务所 关于嘉亨家化股份有限公司 2026 年第一次临时股东会 的法律意见 德恒 06G20240218-00007 号 致：嘉亨家化股份有限公司 嘉亨家化股份有限公司（以下简称"公司"）2026 年第一次临时股东会（以 下简称"本次会议"）于 2026 年 1 月 16 日（星期五）召开。北京德恒（深圳） 律师事务所（以下简称"德恒"）受公司委托，指派叶兰昌、韩海洋律师（以下 简称"德恒律师"）出席了本次会议。根据《中华人民共和国证券法》（以下简 称"《证券法》"）、《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》"）、《嘉亨家化股份有 限公司章程》（以下简称"《公 ...

Market Overview - The cosmetics sector experienced a decline of 0.36% on January 15, with Shuiyang Co. leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Individual Stock Performance - Jinsheng New Material (300849) saw a significant increase of 13.17%, closing at 18.48 with a trading volume of 117,000 shares and a turnover of 209 million yuan [1] - Qingdao Kingway (002094) increased by 2.06%, closing at 8.42 with a trading volume of 1,113,500 shares [1] - Lafang Home (603630) rose by 1.76%, closing at 24.27 with a trading volume of 137,300 shares [1] - Other notable performances include Fulejia (301371) up 0.73%, Marubi Biological (603983) up 0.70%, and Betaini (300957) up 0.32% [1] Capital Flow Analysis - The cosmetics sector saw a net outflow of 11.86 million yuan from institutional investors and 53.27 million yuan from retail investors, while retail investors had a net inflow of 65.13 million yuan [2] - The capital flow for individual stocks indicates that Lafang Home had a net inflow of 77.73 million yuan from institutional investors, while Betaini had a net inflow of 14.81 million yuan [3] - Conversely, Shuiyang Co. experienced a net outflow of 5.39 million yuan from institutional investors [2][3]

证券日报网讯1月13日，嘉亨家化（300955）在互动平台回答投资者提问时表示，截至2026年1月9日， 公司股东人数约为7.2千户。 ...

证券之星消息，1月13日化妆品板块较上一交易日下跌0.96%，嘉亨家化领跌。当日上证指数报收于 4138.76，下跌0.64%。深证成指报收于14169.4，下跌1.37%。化妆品板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603630 拉芳家化 | | -4712.93万 | 16.90% | -1791.21万 | -6.42% | -2921.71万 | -10.47% | | 300955 嘉亨家化 | | 1218.85万 | 4.85% | -160.96万 | -0.64% | -1057.89万 | -4.21% | | 603605 | | 1200.52万 | 3.24% | -14.99万 | -0.04% | -- - 1185.53万 | -3.20% | | 300132 青松股份 | | 365.39万 | 1.47% | 426.23万 | 1.71% | - ...

Group 1 - The cosmetics sector increased by 2.16% on January 12, with Jiaheng Jiahua leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Jiaheng Jiahua's stock price rose by 9.55% to 43.70, with a trading volume of 80,800 shares and a transaction value of 348 million yuan [1] Group 2 - The net outflow of main funds in the cosmetics sector was 78.97 million yuan, while retail investors saw a net inflow of 130 million yuan [1] - Qingdao Jinwang had a main fund net inflow of 26.14 million yuan, but also experienced a retail net outflow of 22.06 million yuan [2] - Lafang Jiahua saw a main fund net inflow of 3.31 million yuan, with retail investors experiencing a net outflow of 8.27 million yuan [2]

Market Overview - The cosmetics sector increased by 1.29% on January 9, with Shuiyang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Individual Stock Performance - Shuiyang Co., Ltd. (300740) closed at 25.65, up 5.90% with a trading volume of 223,500 shares and a transaction value of 561 million yuan [1] - Qingsong Co., Ltd. (300132) closed at 8.70, up 2.47% with a trading volume of 253,700 shares [1] - Beitaini (300957) closed at 41.20, up 1.85% with a trading volume of 163,500 shares and a transaction value of 261 million yuan [1] - Other notable stocks include Furuida (600223) at 7.53 (+1.76%), Jiaheng Jiahua (300955) at 39.89 (+1.68%), and Huaye Fragrance (300886) at 26.64 (+1.06%) [1] Capital Flow Analysis - The cosmetics sector experienced a net outflow of 31.72 million yuan from institutional investors and 34.45 million yuan from speculative funds, while retail investors saw a net inflow of 66.18 million yuan [2] - Individual stock capital flows indicate that Qindao Jinwang (002094) had a net inflow of 13.96 million yuan from institutional investors, while it faced a net outflow of 1.23 million yuan from speculative funds [3] - Other stocks like Qingsong Co., Ltd. (300132) and Beitaini (300957) also showed mixed capital flows, with varying levels of net inflows and outflows from different investor categories [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920123 | 芭薇股份 | 15.37 | -0.26% | 1.43万 | 2187.90万 | | 300132 | 青松股份 | 6.49 | 0.00% | 16.97万 | 1.44亿 | | 603605 | | 68.86 | 0.12% | 2.85万 | 1.97亿 | | 002094 | 青岛金王 | 7.57 | 0.13% | - 30.91万 | 2.33亿 | | 600315 | 上海家化 | 23.16 | 0.22% | 5.84万 | 1.35亿 | | 600223 | 福瑞达 | 7.40 | 0.27% | 7.61万 | 5629.06万 | | 300955 | 嘉亨家化 | 39.23 | 0.41% | 7.38万 | 2.93亿 | | 300957 | 贝泰妮 | 40.45 | 0.52% | 4.16万 | 1.68亿 | | 300856 | 科思股份 | + 13.75 | 0.6 ...

文章提要： 嘉亨家化的控制权变更是家族企业传承困境下的理性选择，也是快消供应链与美妆代工行业跨界融合的 一次有益尝试。曾本生的退出为公司引入了具备数字化基因与渠道优势的新控股股东，有望破解当前的 经营僵局；而拼便宜则通过入主嘉亨家化，获得了进入美妆日化生产领域的切入点，实现了供应链生态 的延伸。此次交易的最终价值，将取决于双方整合的深度与协同的实效。在消费复苏与供应链数字化转 型的大背景下，若能实现1+1>2的协同效应，嘉亨家化有望开启全新的发展周期，为行业跨界整合提供 可借鉴的范本。 另据消息，杭州拼便宜拟发起部分要约收购，以进一步巩固控制权。 第三方人士评论说：本次交易不仅终结了嘉亨家化短暂的"二代接班"过渡期，更标志着公司将迎来"快 消供应链平台+美妆代工"的跨界协同发展新阶段，为深陷业绩泥潭的企业注入新的发展变量。 据了解，此次公司控制权的变更并非偶然，而是嘉亨家化经营压力与家族传承困境共同作用的必然结 果。曾本生已经转移董事长职位，但并未交接管理权；二代子女接班公司后业绩持续恶化，成为压垮家 族传承模式的最后一根稻草。2025年前三季度，公司营收同比增长24.42%至8.6亿元，但归母净利润亏 损进 ...

来源：钛媒体 在"二代"正式接班仅一年后，老牌日化代工企业嘉亨家化（300955.SZ）将迎来新的主人。 2026年1月6日，嘉亨家化的控制权变更迎来了新的进展，公司控股股东曾本生与杭州拼便宜网络科技有限公司（以下简称"拼 便宜"）和有着地方国资背景的杭州润宜企业管理咨询合伙企业（有限合伙）（以下简称"杭州润宜"）等三方签署股份转让协 议，交易最终完成后徐意将成为上市公司新的实际控制人。 上市仅五年，嘉亨家化目前已经深陷亏损泥沼，对于如何脱困对于公司实控人、已经退居二线的"终身名誉董事长"曾本生来 说，找人接盘或是最好的出路，而上市公司是否能在新股东带领下实现业绩反转还有待市场检验。 拼便宜联手浙江国资接盘 根据公告中披露的信息显示，此次控制权的变更将采用"协议转让+部分要约收购+表决权放弃"的组合交易模式。 嘉亨家化的控股股东曾本生与拼便宜、温州苍霄企业管理合伙企业（有限合伙）（以下简称"温州苍霄"）及杭州润宜企业管理 咨询合伙企业（有限合伙）（以下简称"杭州润宜"）分别签署股份转让协议。根据协议，曾本生通过协议转让方式向三方合计 出让上市公司29.70%的股份（约2989万股），其中拼便宜作为主要受让方受 ...

Group 1 - The cosmetics sector experienced a decline of 0.93% on January 7, with Jiaheng Jiahua leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] - Key individual stock performances in the cosmetics sector included Bawei Co. up 0.85% and Jiaheng Jiahua down 4.96% [2] Group 2 - The net outflow of main funds in the cosmetics sector was 57.67 million yuan, while retail investors saw a net inflow of 39.72 million yuan [2] - The stock with the highest main fund inflow was Shuiyang Co. with 27.77 million yuan, while Jiaheng Jiahua had a significant outflow of 32.2 million yuan [3] - Retail investors showed a negative net flow in several stocks, including Shanghai Jahwa and Kesheng Co. [3]