Group 1: New Stock Offerings - Jichuan Pharmaceutical (600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - *ST Yazhen (603389) has a tender offer period from June 10, 2025, to July 9, 2025[1] Group 2: Delisting Information - *ST Gongzhi (000584) will enter the delisting arrangement period starting June 20, 2025[1] - Delisting Haiyue (600387) has 14 trading days remaining until the last trading day[1] - Renle Tui (002336) has 13 trading days remaining until the last trading day[1] - Delisting Longyu (603003) has 10 trading days remaining until the last trading day[1] - Delisting Pengbo (600804) has 10 trading days remaining until the last trading day[1] - Longjin Tui (002750) has 8 trading days remaining until the last trading day[1] Group 3: Abnormal Fluctuations - Lianhua Technology (002250) reported severe abnormal fluctuations[1] - ST Kailin (002425) reported abnormal fluctuations[1] - ST Xianfeng (002141) reported abnormal fluctuations[1] - ST Shihuan (000518) reported abnormal fluctuations[1]

Core Viewpoint - The company has received a takeover offer from Mr. Cao Fei, which triggers a mandatory general offer due to the increase in shareholding above 30% [2][4]. Summary by Sections Offer Details - The offer price is set at 26.93 yuan per share, with a total of 350,841,357 shares being offered, representing 38.06% of the company's issued shares [4][5]. - The offer period lasts for 30 days, from June 18, 2025, to July 17, 2025, during which shareholders cannot withdraw their acceptance in the last three trading days [7]. Shareholding Changes - Mr. Cao Longxiang plans to transfer 10.10% of his shares in Jiangsu Jichuan Holding Group to his son, Mr. Cao Fei, making Mr. Cao Fei the controlling shareholder of Jichuan Holding with 60% ownership [2][4]. - Following the transfer, both Mr. Cao Fei and Mr. Cao Longxiang will be the joint actual controllers of the listed company, ensuring that the company's independence remains unaffected [2][4]. Financial Arrangements - The total maximum funding required for the offer is 18.95 billion yuan, with at least 20% of this amount deposited as a performance guarantee [6]. - The funding for the offer comes from the acquirer's own funds and legally raised funds, with no involvement from the listed company or its affiliates [6][7]. Compliance and Procedures - The acquirer, Mr. Cao Fei, does not require any authorization or approval from relevant institutions to make the offer [4]. - The offer is made in compliance with the Securities Law and the Takeover Management Measures, ensuring that the offer price is based on the weighted average price of the company's shares over the previous 30 trading days [5].

2025.06. 11 本文字数：978，阅读时长大约2分钟 作者 | 一财资讯 6月11日晚间，*ST亚振发布公告称，公司股票于5月6日至6月11日连续二十六个交易日内日收盘价 格涨幅偏离值累计达到107.83%，多次触及股票交易异常波动。公司股票短期涨幅与同期上证指 数、家具制造业存在严重偏离。为维护投资者利益，公司将就股票交易情况进行核查。 *ST亚振公告，2025年6月10日，公司所属家具制造业最新滚动市盈率为16.00，市净率为1.89， 公司最新滚动市盈率为亏损；市净率为13.88，严重高于同行业水准。可能存在市场情绪过热，非理 性炒作情形。公司郑重提醒广大投资者，公司股价可能存在短期涨幅较大后下跌的风险，请投资者务 必充分了解二级市场交易风险，切实提高风险意识，理性决策、审慎投资。 全国已有27个省份延长婚假 截至今日收盘，*ST亚振再度涨停。该股近期表现亮眼，5月股价累计涨幅93.14%，跻身5月月度十 大牛股之列。5月6日至6月11日，*ST亚振股价累计上涨111.60%。 公告显示，公司2024年度经审计的扣除非经常性损益后的净利润为负值，且扣除与主营业务无关的 业务收入和不具备商业实质的 ...

停牌核查。 6月11日晚间，*ST亚振（603389）发布关于股票交易风险提示暨停牌核查的公告。公告显示，公司股票于2025年5月6日至6月11日连续26个交易日内日收盘价格涨 幅偏离值累计达到107.83%，多次触及股票交易异常波动。公司股票短期涨幅与同期上证指数、家具制造业存在严重偏离。 为维护投资者利益，公司将就股票交易情况进行核查。经申请，公司股票自2025年6月12日开市起停牌，自披露核查公告后复牌，预计停牌时间不超过3个交易日。 | 证券代码 证券简称 | | 停留能英型 | 停牌起始日 | 停障 | 停牌终止日 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 603389 | *ST 亚提 | A 股 停牌 | 2025/6/12 | | | | 行情数据显示，*ST亚振股票自5月6日起曾连续10个交易日收盘涨停，此后，公司股票震荡上行，自本周来又开启连续涨停态势，本周三个交易日收盘均涨停。截 至今日（6月11日）收盘，公司股票自5月6日以来累计涨超111%。而若把时间再拉长，自今年4月8日盘中创下4.45 ...

Core Viewpoint - *ST Yazhen (SH603389) announced a stock suspension for verification starting June 12, 2025, following significant stock price fluctuations since May 2025, which raised concerns about potential risks of a price drop after a substantial increase [1][4]. Group 1: Stock Performance and Ownership Changes - Since May 2025, *ST Yazhen's stock price surged, with multiple instances of abnormal trading fluctuations [1]. - Wu Tao, a mining capital figure, acquired approximately 30% of *ST Yazhen's shares at a price of 5.68 yuan per share, resulting in a floating profit of about 128% as of June 11, 2025, amounting to over 500 million yuan in just seven trading days [3][6]. - The stock price increased from a low of 4.45 yuan on April 8, 2025, to 6.94 yuan by April 17, 2025, marking a rise of approximately 56% [6]. Group 2: Financial Performance and Risks - *ST Yazhen reported a negative net profit for the fiscal year 2024, with revenues excluding non-recurring items falling below 300 million yuan, leading to a delisting risk warning since May 6, 2025 [4]. - The company has experienced four consecutive years of losses, with a net loss exceeding 20 million yuan in the first quarter of 2025 [4]. - The company emphasized the need for investors to be aware of potential risks associated with the stock's short-term price fluctuations [4]. Group 3: Strategic Initiatives - In response to market challenges, *ST Yazhen aims to expand its market share in the mid-to-low-end product lines while leveraging existing industry resources for growth [5]. - The company has not identified any significant events or media reports that could have impacted its stock price, asserting that previous disclosures remain accurate [5].

Group 1 - The company's stock price has shown a significant deviation from the Shanghai Composite Index and the furniture manufacturing industry, with a cumulative increase of 107.83% over 26 trading days from May 6 to June 11, prompting a review of trading activities to protect investor interests [1] - As of June 10, 2025, the rolling P/E ratio for the furniture manufacturing industry is 16.00, while the company's latest rolling P/E ratio is negative, and its P/B ratio is 13.88, indicating a severe overvaluation compared to industry peers [1] - The company has issued a warning about the potential for a significant drop in stock price following the recent surge, urging investors to be aware of market risks and to make informed decisions [1] Group 2 - The company's stock will be suspended from trading starting June 12, 2025, with a maximum suspension period of three trading days following the announcement of the review [2] - The stock has performed exceptionally well, with a total increase of 111.60% from May 6 to June 11, 2025, and a monthly increase of 93.14% in May, placing it among the top ten performing stocks for that month [2] Group 3 - The company reported a negative net profit for the 2024 fiscal year after excluding non-recurring gains, with total revenue below 300 million yuan, triggering a delisting risk warning effective May 6, 2025 [4] - For the first quarter of 2025, the company reported total revenue of 40.68 million yuan and a net loss attributable to shareholders of 21.31 million yuan [4] Group 4 - The company received a partial tender offer from Wu Tao, who plans to acquire 21.00% of the company's shares at a price of 5.68 yuan per share, significantly lower than the recent closing price of 12.95 yuan, raising concerns about investment risks [5] - The company has conducted a self-examination and found no significant events or sensitive information that could impact the stock price, nor any insider trading activities among key stakeholders [5]

Core Viewpoint - The Company intends to delist all outstanding shares from trading on the regulated market AB Nasdaq Vilnius, with a proposed tender offer price of EUR 0.760 per share, reflecting a 3.4% increase from the previous offer of EUR 0.735 [1][4]. Group 1: Delisting Proposal - An extraordinary general meeting of shareholders is scheduled for 30 June 2025 to consider the delisting of shares from AB Nasdaq Vilnius [1]. - The Board has recommended shareholders to submit draft resolutions if they intend to vote in favor of the delisting [1]. - A shareholder, AB "HISK," submitted new draft resolutions proposing a higher tender offer price of EUR 0.760 [1][7]. Group 2: Tender Offer Details - The tender offer price is set at EUR 0.760, which includes a 37.5% premium over the fair price established by Lithuanian securities law [4]. - Only AB "HISK" will be responsible for submitting the tender offer to the Bank of Lithuania for approval, allowing other shareholders the right to sell their shares during the tender offer [3][4]. Group 3: Management Authorization - The Company’s General Manager is authorized to take necessary actions and submit documents for the delisting process after the tender offer is implemented [6]. - The Management Board will not provide any alternative draft resolutions for the meeting agenda [8].

| 亚振家居股份有限公司 | | | | --- | --- | --- | | 上市公司： | 亚振家居股份有限公司 | | | 上市地点： | 上海证券交易所 | | | 股票简称： | *ST 亚振 | | | 股票代码： | 603389.SH | | | 收购人： | 吴涛 | | | 住所： | 济南市市中区**** | | | 收购人之一致行动人： | 范伟浩 | | | 住所： | 北京市昌平区**** | | | | 收购方财务顾问 | | | 签署日期：二〇二五年六月 | | | | 亚振家居股份有限公司 | | 要约收购报告书 | 亚振家居股份有限公司 要约收购报告书 特别提示 本部分所述的词语或简称与本报告书释义部分所定义的词语或简称具有相 同的含义。 一、本次要约收购的收购人为自然人吴涛先生。本次要约收购主要基于收购 人及其一致行动人对上市公司价值及未来发展前景的认可，吴涛先生拟通过本次 要约收购增加对上市公司的持股比例，进一步巩固对*ST 亚振的控制权。 二、2025 年 4 月 17 日，亚振投资及高伟先生、户美云女士、高银楠女士与 吴涛先生签署了《股份转让协议一》，约定亚振投资 ...

Group 1 - The core viewpoint of the news is that Wu Tao is initiating a partial tender offer for shares of ST Yazhen, aiming to increase his control over the company and enhance its operational capabilities [11][13][31] - The tender offer involves acquiring 55,177,920 shares, representing 21.00% of the total share capital of ST Yazhen, at a price of 5.68 RMB per share [14][15][16] - The total maximum funding required for the tender offer is approximately 313.41 million RMB, with funding sourced from a loan agreement with Jinan Yuxiao Group [31][33] Group 2 - Wu Tao and his concerted action partner, Fan Weihao, have signed share transfer agreements to acquire a total of 78,825,500 shares, which is 29.99996% of ST Yazhen's total share capital [5][11] - The tender offer is not aimed at terminating the listing status of ST Yazhen, and if the share distribution does not meet listing conditions post-offer, solutions will be proposed to maintain its listing status [31][30] - The tender offer period is set for 30 days, from June 10, 2025, to July 9, 2025, during which shareholders can submit their acceptance of the offer [19][20]

华泰联合证券有限责任公司 关于 吴涛 要约收购 亚振家居股份有限公司 之 财务顾问报告 二〇二五年六月 财务顾问声明 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司收购 管理办法》及《公开发行证券的公司信息披露内容与格式准则第 17 号——要约 收购报告书》等法律法规和规范性文件的规定，华泰联合证券有限责任公司（以 下简称"本财务顾问"）按照行业公认的业务标准、道德规范，本着诚实信用、 勤勉尽责的精神，对本次收购的相关情况和资料进行了核查，对收购人出具的《亚 振家居股份有限公司要约收购报告书》所披露的内容出具财务顾问报告。 为此，本财务顾问特作出以下声明： 所提供的资料均为真实、准确、完整的原始书面资料或副本资料，副本资料或复 印件与其原始资料或原件一致，所有文件的签名、印章均是真实的；所有文件和 材料不存在虚假记载、误导性陈述或重大遗漏，并对所提供信息的真实性、准确 性和完整性承担法律责任。 和验证，未发现虚假记载、误导性陈述或者重大遗漏，并对此承担相应的责任。 《要约收购报告书》的内容不存在实质性差异。 并同意出具此专业意见。 措施，严格执行风险控制和内部隔离制度，不存在内幕交易、操纵市场 ...