北京市中伦律师事务所 关于北京元隆雅图文化传播股份有限公司 2025 年第一次临时股东会的 法律意见书 二〇二五年十一月 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 北京市中伦律师事务所 关于北京元隆雅图文化传播股份有限公司 2025 年第一次临时股东会的 法律意见书 致：北京元隆雅图文化传播股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共 和国证券法》以及中国证券监督管理委员会发布的《上市公司股东会规则》的 规定，北京市中伦律师事务所（以下简称"本所"）接受北京元 ...

北京元隆雅图文化传播股份有限公司 证券代码：002878 证券简称：元隆雅图 公告编号：2025-053 2.会议出席情况 1.本次股东会没有出现否决议案的情形。 2.本次股东会不涉及变更以往股东会已通过的决议。 关于 2025 年第一次临时股东会决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 一、会议召开和出席情况 北京元隆雅图文化传播股份有限公司（以下简称"公司"）2025 年第一次临时股东会采用现场与 网络相结合的方式召开。现场会议于 2025 年 11 月 18 日上午 10:00 在北京市西城区广安门内大街 338 号 12 层 1218 公司大会议室召开；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 11 月 18 日 9:15-9:25，9:30-11:30，13:00-15:00；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 11 月 18 日 9:15 至 15:00。 特别提示： 1.会议召开情况 会议由公司董事会召集，董事长孙震先生主持，公司的董事、监事、部分高级管理人员出席了本次 会议 ...

Group 1 - Kuaishou concept stocks rose by 2.65%, ranking 4th in the concept sector, with 35 stocks increasing in value [1] - The top gainers in the Kuaishou concept include Xuanyua International with a 20% limit up, Yuanlong Yatu, and Vision China, both hitting the limit up as well [1] - The leading decliners in the sector were Sanwei Communication, Wanrun Technology, and Lishang Guochao, with declines of 4.25%, 4.08%, and 3.35% respectively [1] Group 2 - The Kuaishou concept saw a net inflow of 3.529 billion yuan from main funds, with 33 stocks receiving net inflows [2] - Liou Co. led the net inflow with 1.286 billion yuan, followed by Vision China, Yuanlong Yatu, and Zhongwen Online with net inflows of 548 million yuan, 276 million yuan, and 272 million yuan respectively [2] - The net inflow ratios for Yuanlong Yatu, Vision China, and Liou Co. were 45.48%, 20.70%, and 19.09% respectively [3] Group 3 - The trading volume and turnover rates for key stocks in the Kuaishou concept were significant, with Liou Co. at 21.38% turnover and a 7.66% increase, while Vision China had a 16.97% turnover with a 10% increase [3] - Other notable stocks included Zhongwen Online with a 5.07% increase and a turnover of 14.11%, and Worth Buying with a 14.40% increase and a high turnover of 51.26% [3][4]

Market Overview - The A-share market experienced a significant adjustment with a "low open, low walk, and weak rebound" pattern, reflecting a phase of panic release due to external market declines and regulatory pressures [1] - The Shanghai Composite Index closed down 0.81%, reaching a low of 3926 points during the day, while the Shenzhen Component Index fell 0.92% and the ChiNext Index dropped 1.16% [2] - Total trading volume for the day was 1.93 trillion yuan, indicating an increase of 153 billion yuan compared to the previous day, suggesting that institutions are accelerating their risk-averse adjustments [1] Technical Analysis - The Shanghai Composite Index is approaching a strong support zone between 3930-3940, forming a "three consecutive declines + single-day volume drop" pattern, with market sentiment at a low point [3] - Despite the overall index weakness, several stocks in the AI application sector hit the daily limit, indicating that funds are still active and searching for more certain investment opportunities [3] Industry and Hotspot Capture - The market has shifted dramatically between "AI applications and Huawei technology breaking through against high-flying stocks and resource cycles collapsing," with AI applications emerging as the only sector with global mapping, event density, and low starting advantages [4] - The decline in lithium battery and coal sectors signifies the end of speculative trading patterns, with market sentiment reaching a low point often preceding a rebound [4] AI Applications - AI applications have seen a comprehensive explosion, with stocks like Xuan Ya International, Yuan Long Yatu, and Fu Shi Holdings hitting the daily limit, driven by factors such as Alibaba's "Qianwen" app public testing and Warren Buffett's investment in Google [5] - The shift in funding from hardware to application sectors indicates a new breakthrough in small-cap AI themes [5] Huawei Ecosystem - Stocks like Rongji Software, Geer Software, and Tongyi Co. have also seen significant gains, supported by news of strong demand for SMIC's production lines and Huawei's AI chip breakthroughs [6] - The Huawei supply chain is becoming a core carrier for domestic technology autonomy, backed by both policy and technological support [6] Forward Strategy - Caution is advised for high-flying stocks, as even if some commodity prices reach new highs, stock prices may have already priced in expectations, leading to potential uncertainties [7] - The current market adjustment is seen as a rational consolidation after a main upward trend, focusing on distinguishing between "true logic" and "false hotspots" [7] - Future institutional focus is expected to be on "countermeasures + risk aversion," with attention on sectors such as dividends, non-ferrous metals, banking, steel, agriculture, AI, gold, batteries, chips, robotics, and innovative pharmaceuticals [7]

Core Insights - The Xiaohongshu concept stock increased by 3.16%, leading the sector in gains, with 35 stocks rising, including Fushi Holdings and Xuanya International, which hit the 20% limit up [1][2] Group 1: Market Performance - The Xiaohongshu concept led the market with a 3.16% increase, while other concepts like Pinduoduo and Sora also saw gains of 3.14% and 2.70% respectively [2] - The top gainers within the Xiaohongshu concept included Fushi Holdings at 20.07%, and Liou Co., which rose by 7.66% [1][3] - Conversely, the worst performers included Sanwei Communication and Wanrun Technology, which fell by 4.25% and 4.08% respectively [1][6] Group 2: Capital Flow - The Xiaohongshu concept attracted a net inflow of 2.509 billion yuan, with 28 stocks receiving net inflows, and five stocks exceeding 100 million yuan in net inflow [2] - Liou Co. led the net inflow with 1.286 billion yuan, followed by Fushi Holdings and Yuanlong Yatu with net inflows of 313 million yuan and 276 million yuan respectively [2][3] - The net inflow ratios for Yuanlong Yatu, Liou Co., and Guangyun Technology were 45.48%, 19.09%, and 18.84% respectively, indicating strong investor interest [3]

Core Insights - Pinduoduo concept stocks rose by 3.14%, ranking second in the concept sector, with 20 stocks increasing, including Xuan Ya International and Guangyun Technology reaching a 20% limit up [1][2] - The leading gainers included Yuanlong Yatu, Liren Lizhuang, and Meideng Technology, with increases of 22.82%, 14.40%, and 6.50% respectively [1] - The stocks with the largest declines were Huanle Jia, De Ma Technology, and Evergrande High-tech, with decreases of 4.78%, 3.65%, and 3.29% respectively [1] Market Performance - The Pinduoduo concept sector saw a net inflow of 1.108 billion yuan, with 20 stocks receiving net inflows, and 10 stocks exceeding 50 million yuan in net inflow [2] - Yuanlong Yatu led the net inflow with 276 million yuan, followed by Zhidema, Liren Lizhuang, and Guangyun Technology with net inflows of 250 million yuan, 160 million yuan, and 112 million yuan respectively [2] Fund Flow Ratios - The stocks with the highest net inflow ratios were Liren Lizhuang, Yuanlong Yatu, and Guangyun Technology, with net inflow ratios of 46.65%, 45.48%, and 18.84% respectively [3] - Yuanlong Yatu had a daily increase of 10.02% with a turnover rate of 12.71%, while Zhidema increased by 14.40% with a turnover rate of 51.26% [3][4]

Group 1 - The ChatGPT concept index rose by 1.80%, ranking 8th among concept sectors, with 101 stocks increasing in value [1] - Notable gainers in the ChatGPT sector included Fushi Holdings and Xuanya International, both reaching a 20% limit up, while Yuanlong Yatu also hit the limit up [1] - The top gainers in the sector included Zhi De Mai, BlueFocus, and ST Kaiyuan, with increases of 14.40%, 11.51%, and 10.61% respectively [1] Group 2 - The ChatGPT concept sector saw a net inflow of 4.442 billion yuan, with 92 stocks receiving net inflows, and 13 stocks exceeding 100 million yuan in net inflow [2] - Leading the net inflow was Lio Co., with 1.286 billion yuan, followed by Fushi Holdings, Yuanlong Yatu, and Zhongwen Online with net inflows of 313 million yuan, 276 million yuan, and 272 million yuan respectively [2] - The net inflow ratios for Yuanlong Yatu, Lio Co., and Guangyun Technology were 45.48%, 19.09%, and 18.84% respectively [3] Group 3 - The top stocks in the ChatGPT concept based on net inflow included Lio Co. with a 7.66% increase and a turnover rate of 21.38%, and Fushi Holdings with a 20.07% increase and a turnover rate of 29.52% [3] - Other notable stocks included Yuanlong Yatu with a 10.02% increase and a turnover rate of 12.71%, and Zhongwen Online with a 5.07% increase and a turnover rate of 14.11% [3] - The overall performance of the ChatGPT concept indicates strong investor interest and significant capital inflow [2][3]

Core Insights - The Web3.0 concept has seen a rise of 1.82%, ranking 7th among concept sectors, with 41 stocks increasing in value, including notable gainers like Fushi Holdings and Xuan Ya International, which hit the 20% limit up [1][2] - The sector attracted a net inflow of 9.52 billion yuan from major funds, with 35 stocks receiving net inflows, and six stocks exceeding 1 billion yuan in net inflow, led by Fushi Holdings with 3.13 billion yuan [2][3] Market Performance - The top gainers in the Web3.0 sector included: - Fushi Holdings: +20.07% with a turnover rate of 29.52% and a net inflow of 313.42 million yuan [3] - Yuanlong Yatu: +10.02% with a turnover rate of 12.71% and a net inflow of 276.21 million yuan [3] - Other notable performers included BlueFocus and Chuling Information, which rose by 11.51% and 10.64%, respectively [1][4] Fund Flow Analysis - The leading stocks by net inflow ratio in the Web3.0 sector were: - Yuanlong Yatu: 45.48% - Fushi Holdings: 17.72% - Jinqiao Information: 17.26% [3] - The overall fund flow indicates strong interest in the Web3.0 sector, with significant capital being directed towards key players [2][3]

Market Overview - The A-share market experienced a decline, with over 4,100 stocks falling, and the lithium battery industry chain leading the downturn [1] - The Shanghai Composite Index closed down 0.81% at 3,939.81 points, while the Shenzhen Component and ChiNext Index fell by 0.92% and 1.16%, respectively [1] - Total trading volume for the day was 1.95 trillion yuan, slightly up from 1.93 trillion yuan the previous day [1] Lithium Battery Sector - The lithium battery industry chain saw significant declines, with companies like Huasheng Lithium, Zhongyi Technology, Tianli Lithium Energy, and Yishitong dropping over 10% [1] - Coal stocks continued to weaken, with Antai Group and Yunmei Energy hitting the daily limit down [1] - Chemical stocks also fell, with companies like Fulim Precision and Qingshuiyuan dropping over 10% [1] AI Applications and E-commerce - AI application stocks remained strong, with companies like Rongji Software and Fushi Holdings hitting the daily limit up [2] - The e-commerce sector, particularly Pinduoduo and Xiaohongshu concepts, showed robust performance, with stocks like Xuanya International and Guangyun Technology also reaching the daily limit up [2] - The National Medical Products Administration encouraged the launch of new cosmetic products in China, which is expected to boost the beauty and personal care industry [2] Future Market Outlook - Zhongyin Securities predicts that the market may continue to oscillate around the 4,000-point mark in the short term, with limited directional breakthroughs [3] - The volatility of risk assets may increase as investment pressures become more apparent in the fourth quarter [3] - The focus is on sectors with significant supply-demand imbalances, particularly in AI storage and power sectors, including storage chips and gas turbines [3] Investment Themes - Huaxi Securities emphasizes that the A-share market is currently characterized by stock selection and thematic investments, particularly in areas related to the 14th Five-Year Plan, such as energy storage and new materials [4] - The market environment is favorable for small and medium-sized stocks and thematic investments, especially those benefiting from the "anti-involution" trend [4]

Core Insights - The advertising and marketing sector experienced a significant increase of 3.57% on November 18, with Fushi Holdings leading the gains [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Fushi Holdings (300071) closed at 7.06, up 20.07%, with a trading volume of 2.79 million shares and a transaction value of 1.768 billion [1] - Xuan Ya International (300612) also saw a rise of 20.01%, closing at 21.83, with a trading volume of 804,600 shares [1] - BlueFocus Communication Group (300058) increased by 11.51%, closing at 9.69, with a trading volume of 11.2835 million shares [1] - Other notable performers included Yuanlong Yatu (002878) up 10.02% and Tianlong Group (300063) up 6.99% [1] Capital Flow - The advertising and marketing sector saw a net inflow of 1.319 billion in main funds, while retail investors experienced a net outflow of 1.004 billion [2][3] - Fushi Holdings had a net inflow of 318 million from main funds, while retail investors saw a net outflow of 134 million [3] - Yuanlong Yatu experienced a net inflow of 249 million from main funds, with a significant net outflow of 110 million from retail investors [3]