二、审议通过《关于制定<董事会战略委员会工作细则>的议案》（详见同日 在巨潮资讯网上披露的《董事会战略委员会工作细则（2025 年 10 月）》）； 为适应公司战略发展需要，健全投资决策程序，加强决策科学性，完善公司 治理结构，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司治理准则》《深圳证券交易所股票上市规则》及《公司章程》等有关规定，结 合公司实际情况，经公司董事会战略委员会审议通过，同意制定《广州岭南集团 控股股份有限公司董事会战略委员会工作细则》。 广 州 岭 南 集 团 控 股 股 份 有 限 公 司 董 事 会 十 一 届 二 十 次 会 议 决 议 公 告 重要提示：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。 广州岭南集团控股股份有限公司（以下简称"公司"）董事会十一届二十 次会议于 2025 年 10 月 30 日以通讯方式召开，会议通知于 2025 年 10 月 21 日以电话、电子邮件或书面送达等方式发出，本次董事会应出席会议董事 7 人，实际亲自出席会议董事 7 人。本次会议由公司董事长王亚川先生主持， 公司全体监事 ...

Core Insights - Lingnan Holdings reported a third-quarter revenue of 1.324 billion yuan, a decrease of 1.50% compared to the previous year [1] - The net profit for the third quarter was 16.0331 million yuan, reflecting a significant decline of 83.20% [1] - For the first three quarters, the total revenue reached 3.414 billion yuan, marking a growth of 4.40% year-on-year [1] - However, the net profit for the first three quarters was 65.5595 million yuan, which represents a decline of 51.52% [1]

广州岭南集团控股股份有限公司 董事会提名委员会工作细则 （本制度经董事会十一届二十次会议于 2025 年 10 月 30 日审议通过） 第一章 总 则 第一条 为规范广州岭南集团控股股份有限公司（以下简称"公 司"）董事和高级管理人员的提名，完善公司治理结构，根据《中华 人民共和国公司法》《中华人民共和国证券法》《上市公司治理准则》 《深圳证券交易所股票上市规则》《广州岭南集团控股股份有限公司 章程》（以下简称"《公司章程》"）及其他有关规定，公司制定本工作 细则。 第二条 公司董事会下设董事会提名委员会，提名委员会依照《公 司章程》和董事会授权履行职责，负责拟定董事、高级管理人员的选 择标准和程序，对董事、高级管理人员人选及其任职资格进行遴选、 审核等。 第二章 人员组成 第三条 公司董事会提名委员会由 3 名董事组成，其中独立董事 应过半数并担任召集人。 第四条 提名委员会委员（含主任委员）由董事会提名，并经董 事会选举产生。 第五条 提名委员会委员设主任委员（召集人）1 名，由独立董 事委员担任，主持委员会工作；主任委员在委员范围内经董事会选举 产生。 第六条 董事会提名委员会委员任期与董事任期一致，任 ...

第一条 为适应广州岭南集团控股股份有限公司（以下简称"公 司"）战略发展需要，健全投资决策程序，加强决策科学性，完善公 司治理结构，根据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司治理准则》《深圳证券交易所股票上市规则》及《公司 章程》等有关规定，公司制定本工作细则。 广州岭南集团控股股份有限公司 董事会战略委员会工作细则 （本制度经董事会十一届二十次会议于 2025 年 10 月 30 日审议通过） 第一章 总 则 第二条 公司董事会下设董事会战略委员会，战略委员会依照《公 司章程》和董事会授权履行职责，对公司长期发展战略和重大投资决 策进行研究并提出建议。 第二章 人员组成 第三条 公司董事会战略委员会由 5 名董事组成，其中应至少包 括 1 名独立董事。 第四条 战略委员会委员（含主任委员）由董事会提名，经董事 会提名委员会审核，并经董事会选举产生。 第五条 战略委员会设主任委员（召集人）1 名，主任委员（召 集人）在委员范围内经董事会选举产生，主持委员会工作。若公司董 事长当选为战略委员会委员，则由董事长担任主任委员（召集人）。 第六条 董事会战略委员会委员任期与董事任期一致，任期届满 ...

广州岭南集团控股股份有限公司 董事会薪酬与考核委员会工作细则 （本制度经董事会十一届二十次会议于 2025 年 10 月 30 日审议通过） 第一章 总 则 第一条 为进一步健全广州岭南集团控股股份有限公司（以下简 称"公司"）董事及高级管理人员的考核和薪酬管理制度，完善公司 治理结构，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司治理准则》《上市公司独立董事管理办法》《深圳证券交易 所股票上市规则》及《公司章程》等有关规定，公司制定本工作细则。 第二条 公司董事会下设董事会薪酬与考核委员会，薪酬与考核 委员会依照《公司章程》和董事会授权履行职责，制定董事、高级管 理人员的考核标准并进行考核，制定与审查董事、高级管理人员的薪 酬政策与方案。 第二章 人员组成 第三条 公司董事会薪酬与考核委员会由 3 名董事组成，其中独 立董事应过半数并担任召集人。 第四条 薪酬与考核委员会委员（含主任委员）由董事会提名， 经董事会提名委员会审核，并经董事会选举产生。 第五条 薪酬与考核委员会委员设主任委员（召集人）1 名，由 独立董事委员担任，主持委员会工作；主任委员在委员范围内经董事 会选举产生。 第六条 ...

Group 1 - The company is focused on promoting the integration of tourism, hotel business, and other sectors such as commerce and sports [1] - The company leverages an innovative "Sports + Tourism" model to fully utilize its advantages across the entire industry chain, including aspects like dining, accommodation, transportation, travel, shopping, and entertainment [1] - The company aims to deeply explore local culture and sports spirit from a comprehensive industry chain perspective, facilitating cultural inheritance and innovative development [1]

Core Insights - The tourism and scenic area sector experienced a decline of 1.26% on October 30, with Caesar Travel leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Major stocks in the tourism sector showed varied performance, with Dalian Shenya rising by 2.27% to a closing price of 50.41, while Caesar Travel fell by 5.43% to 6.09 [2] - The trading volume for Caesar Travel was significant at 1.24 million shares, with a transaction value of 770 million yuan [2] Capital Flow - The tourism and scenic area sector saw a net outflow of 341 million yuan from main funds, while retail investors contributed a net inflow of 330 million yuan [2][3] - Dalian Shenya had a net inflow of 6.57 million yuan from main funds, while Caesar Travel experienced a net outflow of 1.52 million yuan [3]

Core Viewpoint - Lingnan Holdings has shown a significant increase in stock price and trading activity, indicating positive market sentiment and potential growth in the tourism and hospitality sector [1][2]. Financial Performance - For the first half of 2025, Lingnan Holdings achieved a revenue of 2.09 billion yuan, representing a year-on-year growth of 8.52% [2]. - The net profit attributable to shareholders for the same period was 49.53 million yuan, reflecting a year-on-year increase of 24.39% [2]. Stock Performance - As of October 30, Lingnan Holdings' stock price rose by 50.83% year-to-date, with a 3.58% increase over the last five trading days [1]. - The stock has been actively traded, with a turnover of 92.49 million yuan and a market capitalization of 9.705 billion yuan [1]. Shareholder Information - As of June 30, the number of shareholders increased by 29.68% to 46,900, while the average number of circulating shares per person decreased by 22.89% to 14,284 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 25.52 million shares, an increase of 699,600 shares from the previous period [3]. Business Segments - Lingnan Holdings' main business segments include travel agency operations (73.47% of revenue), hotel operations (21.13%), hotel management (5.01%), and automotive services (0.39%) [1].

Core Insights - The report highlights the growth potential of China Eastern Airlines, one of the three major state-owned airlines in China, which has a leading wide-body fleet and operates from key hubs in Beijing and Shanghai [3][6][7] - The aviation market in China is experiencing a recovery, with a significant increase in passenger transport volume and a trend towards market-driven pricing for airfares [8][9] Company Overview - China Eastern Airlines was established on June 25, 1988, and became the first Chinese airline to be listed in Hong Kong, New York, and Shanghai in 1997. The airline's passenger transport services account for over 90% of its total revenue, projected to be 92% in 2024 [7] - The company's revenue for 2024 is expected to reach CNY 132.12 billion, representing a year-on-year growth of 16.11%, with a gross profit margin of 4.26%. For the first half of 2025, revenue is projected at CNY 66.82 billion, a 4.09% increase year-on-year [7] Industry Performance - The aviation industry in China has seen a 172.8% increase in passenger transport volume over the past 15 years, with domestic passenger transport volume expected to reach 730 million in 2024, a 17.86% increase year-on-year [8][9] - The cargo and mail transport volume is projected to be 8.983 million tons in 2024, reflecting a year-on-year growth of 22.15% [8] Key Factors Influencing Growth - Aircraft supply is experiencing a downward trend in growth due to global supply chain disruptions affecting major aircraft manufacturers' delivery capabilities [9] - Domestic travel demand is expected to rise, supported by increasing per capita flight frequency and GDP growth, alongside a recovering tourism market [9] - The average price of aviation kerosene for the first nine months of 2025 is reported at USD 85.85 per barrel, down 11.93% from the previous year, which is beneficial for reducing operational costs and enhancing profitability [9]

Core Insights - The tourism and scenic spots sector experienced a slight decline of 0.02% on October 29, with Tianfu Culture and Tourism leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Sector Performance - Key stocks in the tourism sector showed mixed performance, with notable gainers including: - Caesar Travel (Code: 000796) with a closing price of 6.44, up 3.37% and a trading volume of 1.6385 million shares, totaling 1.066 billion yuan [1] - Changzi Mountain (Code: 6605099) closed at 52.61, up 2.59% with a trading volume of 116,700 shares, totaling 610 million yuan [1] - Conversely, Tianfu Culture and Tourism (Code: 000558) fell by 2.79% to a closing price of 5.23, with a trading volume of 514,300 shares, totaling 268 million yuan [2] Capital Flow Analysis - The tourism sector saw a net outflow of 222 million yuan from major funds, while retail investors contributed a net inflow of 242 million yuan [2] - Specific stock capital flows indicated: - Yunnan Tourism (Code: 002059) had a net inflow of 3.1815 million yuan from major funds, while retail investors contributed 3.8099 million yuan [3] - ST Zhangjiajie (Code: 000430) experienced a significant net outflow of 4.1801 million yuan from major funds, but a net inflow of 4.1691 million yuan from retail investors [3]