侨银城市管理股份有限公司 2026 年第二次临时股东会决议公告 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。 特别提示： | 证券代码：002973 | 证券简称：侨银股份 | 公告编号：2026-023 | | --- | --- | --- | | 债券代码：128138 | 债券简称：侨银转债 | | 1．本次股东会无否决议案的情况； 2．本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1．会议召开时间 现场会议时间：2026 年 02 月 12 日（星期四）14:30 开始。 网络投票时间：2026 年 02 月 12 日，其中通过深圳证券交易所交易系统进 行网络投票时间为 2026 年 02 月 12 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通 过深圳证券交易所互联网投票系统平台投票的具体时间为 2026 年 02 月 12 日 9:15 至 15:00 期间的任意时间。 2．现场会议地点：广州市荔湾区白鹤沙路 9 号侨银总部大厦六楼。 3．会议召开方式：本次股东会采取现场投票与网络投票相结合的方式 ...

北京市中伦（广州）律师事务所 关于侨银城市管理股份有限公司 2026 年第二次临时股东会的法律意见书 致：侨银城市管理股份有限公司 北京市中伦（广州）律师事务所（以下简称"本所"）受侨银城市管理股份 有限公司（以下简称"公司"）委托，指派本所律师杨小颖、黎婷婷（以下简称 "本所律师"）出席公司 2026 年第二次临时股东会（以下简称"本次股东会"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市 公司股东会规则》等有关法律、法规、规范性文件及《侨银城市管理股份有限公 司章程》（以下简称"《公司章程》"）的规定，对公司本次股东会进行见证并 出具法律意见。 本所及本所律师依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规 则（试行）》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格 履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 为出具本法律意 ...

Macro Strategy - The core viewpoint indicates that recent liquidity shocks in overseas markets, driven by concerns over the AI software bubble and subsequent momentum selling, have led to significant volatility in equities, commodities, and cryptocurrencies. It suggests that some assets may have been "wrongly killed" due to these liquidity shocks, as the macroeconomic fundamentals and broad liquidity environment have not changed significantly [1][13] - The report anticipates that the upcoming U.S. non-farm employment and CPI data for January may present upward risks, potentially reversing the slight increase in expectations for Federal Reserve rate cuts observed this week [1][13] Financial Products - The report highlights that overseas market liquidity shows signs of stabilization, which may improve market sentiment. It predicts a positive outlook for the A-share market in February, with a historical probability of 78.57% for an increase following a macro timing model score of 0 [1][16] - Fund allocation recommendations suggest a balanced ETF configuration due to expected short-term market fluctuations, with a focus on sectors like chemicals and electric grid equipment, which continue to see increasing fund sizes [1][16] Commodity Market - The report discusses the impact of liquidity shocks on commodity prices, noting that certain commodities, which rely on supply-demand improvements, have been "wrongly hurt" but may return to fundamental pricing logic as market conditions stabilize [2][17] - It emphasizes that the recent volatility in silver and other precious metals indicates a potential end to the liquidity shock, with silver becoming a key indicator of market sentiment [2][17] Environmental Industry - The report stresses the importance of advancing the national carbon market and outlines investment recommendations in clean energy, energy conservation, and recycling sectors. It highlights specific companies such as Longjing Environmental and others involved in renewable energy and waste management [6][10] Non-Banking Financial Sector - The report notes a recovery in the IPO and refinancing market, with significant year-on-year growth in both areas. It indicates that the capital market reforms and increased market activity are expected to benefit brokerage firms' investment banking revenues [9] AI Industry and Bond Financing - The report focuses on the AI industry, highlighting the need for a diversified financing system to support technology companies, particularly private firms with high growth potential. It reviews case studies of leading tech companies' bond financing paths to assess the feasibility of similar strategies in China [4]

Core Viewpoint - The article discusses the ongoing improvements in the fertility support system in China, highlighting government initiatives and corporate involvement to encourage childbirth and support families [3][4]. Government Initiatives - The National Healthcare Security Administration has announced that 27 provinces and 95% of coordinated areas have implemented direct payment of maternity benefits to individuals, with further optimization in provinces like Guizhou, Guangxi, and Xinjiang [3]. - By December 2026, the goal is to achieve "no out-of-pocket" expenses for childbirth within the policy framework [3]. - The national health conference emphasized the need to optimize fertility support policies, promote a positive marriage and childbirth culture, and develop integrated childcare services [3]. Corporate Involvement - An increasing number of companies are joining the initiative to encourage childbirth, with notable examples including cash rewards for employees who marry or have children [4]. - For instance, Shengfan Group offers substantial bonuses for employees who marry or have children, with single employees receiving 10,000 yuan and dual-income families receiving 20,000 yuan for marriage, along with additional bonuses for childbirth [4]. - Other companies like Miniso, Ctrip, and Xiaopeng Motors are also implementing measures such as cash subsidies and extended maternity leave to support employees [4]. Social Responsibility and Collaboration - Experts suggest that building a fertility-friendly society requires collaboration among government, enterprises, communities, and individuals, focusing on both economic and cultural support [5]. - Companies are encouraged to fulfill their social responsibilities by participating in tax reductions, social security subsidies, and establishing childcare facilities, which can enhance their brand reputation and employee cohesion [5].

Group 1 - The current fertility support system is continuously improving, with recent efforts in provinces like Guizhou, Guangxi, and Xinjiang optimizing the direct payment process for maternity allowances to individuals [2] - By December 2026, the goal is to achieve "no out-of-pocket" expenses for childbirth within the policy framework across the country [2] - Various companies are increasingly implementing measures to encourage employee childbirth, including cash bonuses and extended maternity leave [3][4] Group 2 - Companies like Shengfan Group are offering substantial cash rewards for employees who marry or have children, with single employees receiving 10,000 yuan and dual-income families receiving 20,000 yuan [3] - The trend of companies providing incentives for marriage and childbirth is growing, with notable firms such as Miniso, Ctrip, and Kuaishou participating [3] - Establishing a shared cost mechanism for childbirth is crucial, as some companies may struggle to support these initiatives fully [4]

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。 经中国证券监督管理委员会出具的《关于核准侨银环保科技股份有限公司 公开发行可转换公司债券的批复》（证监许可[2020]1954 号）核准，侨银城市 管理股份有限公司（以下简称"公司"）于 2020 年 11 月 17 日公开发行了 420 万张可转换公司债券，每张面值为人民币 100 元，按面值发行，发行总额 4.2 亿元，期限为 6 年。经深圳证券交易所（以下简称"深交所"）同意，公司本 次公开发行的 4.2 亿元可转换公司债券于 2020 年 12 月 24 日起在深交所挂牌交 易，债券简称"侨银转债"，侨银转债"128138"。 本公司可转换公司债券持有人保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 | 证券代码：002973 | 证券简称：侨银股份 | 公告编号：2026-022 | | --- | --- | --- | | 债券代码：128138 | 债券简称：侨银转债 | | 2026 年 2 月 9 日，公司收到深圳市优美利投资管理有限公司（以下简称 "优美利 ...

Investment Rating - The report maintains a rating of "Buy" for key companies in the environmental sector, including Huicheng Environmental and GaoNeng Environment [6]. Core Insights - The report emphasizes the integration of rural ecological environment governance with agricultural modernization, driven by the State Council's rural revitalization policy, which is expected to boost demand in wastewater treatment, waste disposal, and agricultural pollution prevention [10][12]. - The Guangdong province has issued a guiding announcement for hazardous waste utilization and disposal capacity construction for 2025, indicating a shift towards optimizing the structure of hazardous waste disposal, which will benefit companies focused on quality improvement in waste treatment [13][17]. - The environmental sector is currently experiencing low macroeconomic interest rates, making it an attractive investment opportunity, particularly for companies with strong cash flow and high dividend yields [2][18]. Summary by Sections Investment Views - The report highlights the release of the Central Committee and State Council's document on rural modernization, which aims to integrate ecological governance with agricultural development [10]. - The Guangdong announcement encourages investment in hazardous waste projects, focusing on resource utilization and high-end disposal [13]. - The environmental sector is positioned for a rebound as institutional holdings and valuations are at historical lows, suggesting a favorable investment environment [18]. Market Performance - The environmental sector outperformed the broader market, with a decline of only 0.18% compared to a 1.27% drop in the Shanghai Composite Index and a 3.28% drop in the ChiNext Index [23]. - Notable stock performances include Kairun Environment with a rise of 28.91% and Shuangliang Energy with an 18.22% increase, while Shenwu Energy saw a decline of 11.25% [23]. Key Companies - Huicheng Environmental is recommended for its strong position in hazardous waste projects and innovative technology in waste plastic recycling [20]. - GaoNeng Environment is highlighted for its comprehensive environmental system services and a robust pipeline of hazardous waste projects [20]. - Hongcheng Environment is noted for its consistent revenue growth and high dividend yield, making it an attractive investment option [18].

Investment Announcements - Jinghe Integrated plans to invest 2 billion yuan to acquire 100% equity of Jingyi Integrated, which is the main body of its fourth phase project with a total investment of 35.5 billion yuan, focusing on 12-inch wafer manufacturing lines and targeting applications in OLED displays, AI smartphones, and smart vehicles [2] - Wantong Expressway intends to invest approximately 5.42 billion yuan in the renovation and expansion project of Lianhuo Expressway, with construction expected to start in 2026 and complete by 2029 [10] - Yiwang Yichuang plans to acquire 100% equity of Lianshi Legend, an AI algorithm-based intelligent marketing service provider, through a combination of share issuance and cash payment [4] Equity Investments - Lvtong Technology's industrial fund plans to invest 10 million yuan in Shenghao Optoelectronics, which specializes in optical communication chip testing equipment [3] - Dayu Water plans to transfer 28.5% equity of Huitu Technology for 192 million yuan, reducing its stake from 55.10% to 26.60% [6] - Xinzhi Group intends to invest in a factory project for rotor cores in Thailand, with a total investment of 40 million USD [8] Performance Reports - Huaren Sanjiu reported a net profit of 3.422 billion yuan for 2025, a year-on-year increase of 1.6%, with total revenue of 31.629 billion yuan, up 14.53% [17] - Longyuan Power achieved a power generation volume of 7.1627 million MWh in January 2026, a year-on-year increase of 12.05% [18] - Zhongchuan Special Gas reported a net profit of 347 million yuan for 2025, a year-on-year increase of 12.92% [19] Legal and Regulatory Updates - Aier Eye Hospital clarified that Xiangyang Hengtai Kang is not affiliated with it, addressing media reports linking the two [2] - Yihua Group announced that its subsidiary reached a settlement in a lawsuit involving over 2.314 billion yuan [11] - Tian Sheng New Materials received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations [13] Market Movements - Hu Silicon Industry's second-largest shareholder plans to reduce its stake by up to 3% [28] - Perfect World’s actual controller reduced his stake by 32.9793 million shares, accounting for 1.70% of the total share capital [29] - Dajiayikang's controlling shareholder plans to reduce its stake by up to 3% [32]

Group 1 - Heng Rui Medicine's HRS-4642 injection has been included in the list of breakthrough therapeutic varieties, aimed at treating advanced or metastatic pancreatic cancer with KRAS G12D mutation in combination with gemcitabine and albumin-bound paclitaxel, with a total R&D investment of approximately 254 million yuan [1] - Fenglong Co. announced a significant stock price increase of 491.97% from December 25, 2025, to February 5, 2026, and may apply for a trading suspension if prices continue to rise abnormally [2] - Aier Eye Hospital clarified that the reported Xiangyang Hengtai Kang is not affiliated with the company, but is a joint venture established by Aier Medical Investment Group and other investors [3] Group 2 - XWANDA's subsidiary reached a settlement with Weir Electric, which is expected to impact the company's net profit attributable to shareholders by 500 million to 800 million yuan in 2025 [4] - Tianzhong Precision Machine received a lawsuit from eight creditors of its former subsidiary, involving a claim of 108 million yuan [5] - Dongtian Micro plans to invest 400 million yuan to establish a global R&D center and manufacturing headquarters in Dongguan, focusing on precision optical components for optical communication [6] Group 3 - Lvtong Technology's industrial fund plans to invest 10 million yuan in Shenghao Optoelectronics, which specializes in testing equipment for optical communication chips [7] - Tiansheng New Materials has been investigated by the China Securities Regulatory Commission for suspected violations of information disclosure laws [8] - Yahui Long has been placed under investigation by the CSRC for suspected information disclosure violations [9] Group 4 - Longyun Co. plans to acquire 58% of Yuheng Film Industry through a share issuance, with the target company's valuation estimated between 450 million and 530 million yuan [10] - Hu Silicon Industry announced that the National Integrated Circuit Industry Investment Fund plans to reduce its stake by up to 3% [11] - Perfect World reported that its actual controller has reduced his stake by 1.70% through various transactions [12] Group 5 - Sanfu Co. announced that its shareholder, Tangshan Yuanheng Technology Co., intends to reduce its stake by up to 3% [13] - Wanshan Expressway plans to invest 5.42 billion yuan in the expansion of the G30 Lianhuo Expressway in Anhui [14] - New Hope reported sales of 1.1218 million pigs in January, generating revenue of 1.628 billion yuan [15]

Core Viewpoint - Qiaoyin Co., Ltd. announced a preliminary bid win for an integrated sanitation service project in Hohhot, Inner Mongolia, with a bid amount of 73,799,876 yuan per year and a service duration of 12 months [2] Summary by Categories - **Project Details** - The project involves integrated sanitation services in the new urban area of Hohhot [2] - The annual bid amount is approximately 73.8 million yuan [2] - The service period is set for 12 months [2] - **Uncertainty Factors** - As of now, the company has not yet received the official "Bid Notification" for the project [2] - There remains a degree of uncertainty regarding the company's ability to obtain the "Bid Notification" [2]