昇兴股份：退出参与发起设立海峡人寿

Core Viewpoint - The company, Shengxing Group Co., Ltd., has announced its decision to withdraw from participating in the establishment of Haixia Life Insurance Co., Ltd. due to changes in the investment environment and to focus on its core business [1][2]. Group 1 - The company initially approved an investment of RMB 150 million to hold a 10% stake in Haixia Life Insurance during a board meeting on August 19, 2016 [1][3]. - The decision to withdraw was made during a board meeting on December 31, 2025, with a unanimous vote of 7 in favor, 0 against, and 0 abstentions [1][3]. - The company has not made any actual investment in Haixia Life Insurance as it has not yet received approval from the National Financial Regulatory Administration [2][4]. Group 2 - The withdrawal decision was influenced by the prolonged approval process for Haixia Life Insurance and significant changes in the macroeconomic environment and financial policies [2][4]. - The company stated that this withdrawal will not adversely affect its operations or future development, nor will it harm the interests of the company and its shareholders [2][4].