Core Viewpoint - The company announced the election of a new chairman, Wu Xinyan, during the 19th meeting of the third board of directors, which will take effect immediately and last until the end of the current board's term [1] Group 1 - The third board of directors' 19th meeting was held on November 7, 2025, where the election of the chairman was approved [1] - Wu Xinyan was elected as the chairman of the third board of directors and will serve as the legal representative of the company [1] - The board has authorized the management to handle the necessary business registration changes related to this election [1]

关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 九江善水科技股份有限公司（以下简称"公司"）于 2025 年 11 月 7 日召开 第三届董事会第十九次会议，审议通过了《关于选举公司第三届董事会董事长的 议案》，董事会选举董事吴新艳女士担任公司第三届董事会董事长，任期自本次 董事会审议通过之日起至第三届董事会任期届满之日止。根据《公司章程》的相 关规定，董事长为公司的法定代表人，因此，公司法定代表人由吴新艳女士担任。 董事会授权公司管理层指定专人办理相关变更登记手续。具体内容详见公司于 2025 年 11 月 7 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于董事 长辞任暨选举董事长、调整董事会专门委员会委员及聘任总经理的公告》（公告 编号：2025-051）。 一、变更后营业执照的具体情况 公司于近日完成了相关工商变更登记手续，并取得了九江市行政审批局换发 的《营业执照》，变更后的《营业执照》登记的相关信息如下： 证券代码：301190 证券简称：善水科技 公告编号：2025-053 ...

证券代码：301190 证券简称：善水科技 公告编号：2025-054 九江善水科技股份有限公司 关于公司股东权益变动实施完成 暨公司控股权已发生变更的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、权益变动实施完成情况 九江善水科技股份有限公司（以下简称"公司"）于 2025 年 11 月 7 日在巨 潮资讯网（http://www.cninfo.com.cn）披露《关于公司控股股东、实际控制人拟 发生变更暨股东权益变动的提示性公告》（公告编号：2025-052）。公司收到控 股股东通知，获悉黄国荣名下直接持有的公司 1000 万股无限售流通股（占总股 本 4.6590%），以证券非交易过户方式登记至吴新艳名下，该股份过户手续现已 办理完毕。 （一）本次公司实际控制人及控股股东变更，系因黄国荣先生与吴新艳女士 解除婚姻关系所致。权益变动后，公司的控制权由吴新艳主导，其控制的表决权 比例超过 30%，能够实现对公司的控制。本次变更不触及《上市公司收购管理办 法》规定的要约收购义务，不会对公司经营的稳定性、独立性及持续经营能力产 生重大不利影响。 ...

同日，善水科技披露，黄国荣因个人原因请辞董事、董事长、总经理职务，公司董事会选举董事吴新艳 接任董事长、总经理。 而就在不到1个月之前的10月20日，善水科技披露，黄国荣因个人原因被采取刑事强制措施，董事会决 定由吴新艳代行董事长、总经理职责。 目前尚无公开信息显示双方离婚是否与黄国荣被采取刑事强制措施有关。 中经记者 孙汝祥 夏欣 北京报道 据《中国经营报》记者梳理，截至11月13日，2025年，A股共有11家上市公司因大股东离婚分割股份而 发布股东权益变动提示公告。其中，有10家公司涉及实际控制人的变更或控制权比例的变化。 专家提醒，相对于大股东的"天价分手费"，投资者更应关注由于股份分割带来的公司控制权的变化。因 为控制权的转移或削弱，会直接动摇公司决策结构的稳定性，进而影响公司未来的经营发展，同时也会 影响二级市场的情绪和股价稳定性。 也有专家认为，大股东离婚分股对公司及股价的影响不能一概而论，关键是看企业自身经营状况是否稳 健。投资者需要着重警惕大股东为了转移资产、逃避责任的"假离婚"。 11家公司大股东离婚 11月7日，善水科技（301190.SZ）公告，公司原共同实际控制人黄国荣、吴新艳经法院调 ...

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Shan Shui Technology, including stock price movement and trading volume [1] - On November 12, Shan Shui Technology's stock fell by 1.86%, with a trading volume of 37.72 million yuan. The margin trading data indicates a net margin buy of -656,000 yuan for the day [1] - As of November 12, the total margin trading balance for Shan Shui Technology is 128 million yuan, which accounts for 2.45% of its market capitalization, indicating a high level of margin trading activity [1] Group 2 - As of September 30, the number of shareholders for Shan Shui Technology is 9,563, a decrease of 26.19% from the previous period, while the average circulating shares per person increased by 35.49% to 16,663 shares [2] - For the period from January to September 2025, Shan Shui Technology reported a revenue of 499 million yuan, representing a year-on-year growth of 33.78%, and a net profit attributable to shareholders of 84.2 million yuan, up 25.13% year-on-year [2] Group 3 - Since its A-share listing, Shan Shui Technology has distributed a total of 126 million yuan in dividends, with 94.3 million yuan distributed over the past three years [3]

Core Viewpoint - Recently, Jiujiang Shanshui Technology Co., Ltd. announced the resolution of the marriage between its actual controller Huang Guorong and Wu Xinyan, along with arrangements regarding the division of shares [1]. Share Division - In the share division, 10 million shares directly held by Huang Guorong were transferred to Wu Xinyan. Additionally, Huang Guorong's indirect holdings included a property share of 21 million yuan (97.3123% of the partnership) and 6.9 million yuan (38.6685% of the partnership) which were also transferred to Wu Xinyan [2]. - Post-division, Huang Guorong directly holds 30 million shares of Shanshui Technology (13.9771% of total shares) and a total of 30.222 million shares (14.0806% of total shares). Wu Xinyan directly holds 35 million shares (16.3066% of total shares) and a total of 68.568 million shares (31.9461% of total shares) [2]. - Before the share division, Wu Xinyan held a total of 30.668 million shares, and after the division, she is expected to receive a total of 37.9 million shares. As of November 7, the closing price of Shanshui Technology was 24.38 yuan per share, valuing the shares Wu Xinyan will receive at approximately 924 million yuan [2]. - Wu Xinyan has become the actual controller and majority shareholder of Shanshui Technology, with a total voting power of 39.2114% [2]. Management Changes - On October 20, Shanshui Technology announced that Huang Guorong was subjected to criminal coercive measures due to personal reasons [3]. - On November 7, Huang Guorong submitted a written resignation report, stepping down from his positions as director, chairman, and general manager of the company due to personal reasons [5].

Group 1 - The core viewpoint of the news is that Shan Shui Technology's stock performance and financial metrics indicate a mixed outlook, with a slight decline in stock price and notable financing activities [1][2]. - As of November 11, Shan Shui Technology's stock price decreased by 0.96%, with a trading volume of 59.48 million yuan. The net financing amount was -6.44 million yuan, indicating more repayments than new purchases [1]. - The total financing and margin trading balance for Shan Shui Technology reached 128 million yuan, accounting for 2.41% of its market capitalization, which is above the 80th percentile of the past year [1]. Group 2 - As of September 30, the number of shareholders for Shan Shui Technology was 9,563, a decrease of 26.19% from the previous period, while the average circulating shares per person increased by 35.49% to 16,663 shares [2]. - For the period from January to September 2025, Shan Shui Technology reported a revenue of 499 million yuan, representing a year-on-year growth of 33.78%. The net profit attributable to the parent company was 84.2 million yuan, up 25.13% year-on-year [2]. - Since its A-share listing, Shan Shui Technology has distributed a total of 126 million yuan in dividends, with 94.3 million yuan distributed over the past three years [3].

Core Viewpoint - The control of Shanshui Technology has shifted from Huang Guorong to his wife Wu Xinyan following their divorce and subsequent share division, marking a significant change in the company's governance structure [1][3][4]. Group 1: Control Change - On November 7, Shanshui Technology announced the change of actual controller from Huang Guorong to Wu Xinyan after their divorce and share division [1][3]. - Huang Guorong's direct shareholding of 10 million shares was transferred to Wu Xinyan, along with significant stakes in two investment partnerships [3][4]. - Following the share division, Wu Xinyan's shareholding increased to 31.9461%, while Huang Guorong's dropped to 14.0806% [4]. Group 2: Market Reaction - On October 20, the company's stock price fell by 17.04% to 22.88 yuan per share after the announcement of Huang Guorong's criminal measures [2][4]. - The total value of the assets involved in the divorce settlement is estimated at 2.4 billion yuan, making it one of the most expensive divorce cases in the A-share market [4]. Group 3: Company Performance - Shanshui Technology's revenue showed a recovery trend, with 2023 revenue reaching 4.95 billion yuan, a 23.64% increase year-on-year, although net profit decreased by 79.03% to 21 million yuan [6][7]. - The company reported a revenue of 5.05 billion yuan and a net profit of 53 million yuan in 2024, indicating a recovery in performance [6]. - In the first three quarters of 2025, Shanshui Technology achieved a revenue of 4.99 billion yuan, a 33.78% increase, and a net profit of approximately 84 million yuan, a 25.13% increase [6][7].

Core Viewpoint - The recent leadership changes at Shan Shui Technology involve the resignation of Chairman Huang Guorong and the appointment of Wu Xinyan as the new Chairman and General Manager, following personal reasons and a change in the actual controller due to their divorce [2][3][6]. Group 1: Leadership Changes - Huang Guorong resigned from all positions including Chairman, General Manager, and Strategic Committee Chairman, holding 40 million shares (18.6362% of total shares) at the time of resignation [2]. - Wu Xinyan has been elected as the new Chairman and General Manager, with her term lasting until the end of the current board's term [2]. - The board meeting also confirmed Wu Xinyan as the new legal representative of the company [2]. Group 2: Changes in Actual Controller - Following the divorce, Wu Xinyan became the actual controller of the company, acquiring additional shares from Huang Guorong, bringing her total holdings to 68.568 million shares (31.95% of total shares) [3]. - The newly acquired shares have a market value of approximately 924 million yuan [3]. Group 3: Company Performance - For the first three quarters of 2023, Shan Shui Technology reported a revenue of 499 million yuan, representing a year-on-year increase of 33.78% [6]. - The net profit attributable to shareholders was approximately 84.197 million yuan, up 25.13% year-on-year, with a basic earnings per share of 0.41 yuan [6]. - The company specializes in the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates [6].

Core Viewpoint - The change in the actual controller and major shareholder of Shan Shui Technology is due to the divorce between Huang Guorong and Wu Xinyan, leading to a redistribution of shares and control over the company [1][4]. Shareholder Changes - Before the change, Huang Guorong and Wu Xinyan collectively held 98,790,000 shares, accounting for 46.0267% of the total share capital. Huang directly held 40,000,000 shares (18.6362%), while Wu directly held 25,000,000 shares (11.6476%) [2][3]. - Following the divorce settlement, Huang Guorong's shares were reduced to 30,222,000 shares (14.0806%), while Wu Xinyan's shares increased to 68,568,000 shares (31.9461%) [3][4]. Control and Voting Rights - Prior to the change, Huang Guorong and Wu Xinyan were joint actual controllers, with Huang holding 30.2838% of the voting rights directly and 22.9048% through joint action partners, totaling 53.1886% [3]. - After the change, Wu Xinyan became the actual controller and major shareholder, holding 16.3066% of the voting rights directly and 22.9048% through joint action partners, totaling 39.2114% [4]. Corporate Governance Changes - Huang Guorong resigned from all positions including Chairman and General Manager, and Wu Xinyan was elected as the new Chairman and appointed as General Manager [5][6]. - The board of directors adjusted the strategic committee, with Wu Xinyan taking over as the chairperson [6]. Financial Implications - The share redistribution resulted in Wu Xinyan acquiring an additional 37,900,000 shares, valued at approximately 924 million yuan based on the closing price of 24.38 yuan on November 7 [4].