SMEG(SH:600689) Mei Ri Jing Ji Xin Wen·2025-11-11 08:47Group 1 - Shanghai Sanmao (SH 600689) held its 2025 first extraordinary board meeting on November 11, 2025, via telecommunication to review the proposal for signing a financial service framework agreement with an affiliated financial company [1] - For the year 2024, Shanghai Sanmao's revenue composition is as follows: commercial sector accounts for 70.46%, other industries for 26.77%, and other businesses for 2.77% [1] - As of the report, Shanghai Sanmao has a market capitalization of 3 billion yuan [1] Group 2 - Prior to the arrest of Peking University Pharmaceutical's chairman Xu Xiren, police had investigated the group's factory premises, indicating potential issues within the company [1] - Internal sources suggest that the group's assets have been disposed of by Xu, with significant amounts of funds unaccounted for [1]