Core Viewpoint - The document provides a supplementary legal opinion regarding Xiangtan Electric Motor Co., Ltd.'s issuance of A-shares to specific targets for the year 2024, detailing the legal compliance and project funding aspects related to the issuance [1][2]. Summary by Sections Project Funding - The fundraising projects include the "Aerospace Electrical System Series Development and Industrialization Project" and the "Maglev Bearing High-Speed Motor System R&D and Industrialization Project," which aim to expand the company's permanent magnet technology into the aerospace motor sector and apply high-speed motor technology in maglev bearing systems. Both projects have not yet received environmental impact assessment (EIA) approvals [2][3]. Environmental Impact Assessment - The Xiangtan City Ecological Environment Bureau approved the environmental impact report for the "Aerospace Electrical System Series Development and Industrialization Project" on April 16, 2025. The project will be implemented by the company and its wholly-owned subsidiary, Xiangdian Electric [4][5]. Share Pledge Situation - As of the date of the supplementary legal opinion, the controlling shareholder, Xiangdian Group, has pledged a total of 177 million shares, accounting for 97.80% of its holdings in the company. The pledged shares are primarily used for financing production operations and supplementing working capital [5][6][11]. Financing and Risk Management - The pledged shares have been used for various financing purposes, including special product R&D and manufacturing projects. The financing amounts and their intended uses are detailed, with a significant portion allocated to supplementing working capital [6][11][12]. Control Stability Measures - The controlling shareholder, Xiangdian Group, maintains a significant shareholding in the company, ensuring stable control. Measures have been implemented to monitor stock price fluctuations and manage potential risks associated with share pledges [15][16]. Management and Compliance - The current senior management of the company does not hold any positions in the controlling shareholder beyond board roles, ensuring compliance with relevant regulations regarding independence from the controlling entity [20][21]. Real Estate Involvement - The company has engaged in investment real estate activities, acquiring properties through debt restructuring rather than development. These properties are leased out to enhance economic benefits, although the company does not possess real estate development qualifications [22][23].

Core Viewpoint - The announcement details the release of share pledges by the controlling shareholder of Xilinmen Furniture Co., Ltd., indicating a significant reduction in pledged shares and ongoing share repurchase activities by the company [2][3][6]. Group 1: Share Pledge Release - The controlling shareholder, Zhejiang Huayi Intelligent Manufacturing Co., Ltd., holds 84,799,659 shares, accounting for 22.38% of the total share capital. After the release of the pledge, a total of 40,670,000 shares are pledged, representing 47.96% of their holdings and 10.73% of the total share capital [2][3]. - Together with its concerted actions, including Shaoxing Yuecheng Huahan Equity Investment Partnership and the actual controller Chen Ayu, they collectively hold 133,910,234 shares, which is 35.33% of the total share capital. After the release of the pledge, a total of 65,520,000 shares are pledged, representing 48.93% of their holdings and 17.29% of the total share capital [2][3]. Group 2: Share Repurchase Progress - The company plans to repurchase shares using its own funds, with a total repurchase amount not less than RMB 100 million and not exceeding RMB 200 million. The repurchase price is capped at RMB 22 per share, with a timeframe of 12 months from the approval date [5][6]. - As of April 30, 2025, the company has repurchased 7,550,400 shares, which is 1.99% of the total share capital. The highest transaction price was RMB 20.60 per share, and the lowest was RMB 14.83 per share, with a total expenditure of RMB 129.99 million (excluding transaction fees) [6].

曲美家居（603818）公告，公司控股股东、实际控制人赵瑞海先生向华泰证券股份有限公司办理了质押 延期事宜，延期后质押到期日为2025年10月29日。延期质押股数为2269.03万股，占其所持公司股份的 17.66%，占公司总股本的3.29%。质押融资资金用途为置换存量融资。赵瑞海先生及一致行动人累计质 押股份6819.03万股，占其所持公司股份的45.09%，占公司总股本的18.89%。赵瑞海先生及一致行动人 具备资金偿还能力，还款来源包括薪资奖金所得、股票红利、其他收入以及上市公司还款等。股份质押 事项对上市公司生产经营、公司治理等不会产生实质性的影响，不会导致公司实际控制权发生变更。 ...

Group 1 - The company has received notification from its controlling shareholder, Tibet Cangge Venture Investment Group Co., Ltd., regarding the pledge of shares, with the total pledged shares exceeding 80% of their holdings [2][3] - The pledged shares amount to 19 million shares, which are part of an agreement signed with Zijin International Holdings Limited for the transfer of control [2][3] - As of the announcement date, the controlling shareholder and its concerted actors have pledged a total of 296,780,487 shares, accounting for 50.06% of their holdings and 18.90% of the company's total share capital, with a corresponding financing balance of 2.605 billion yuan [4] Group 2 - The controlling shareholder and its concerted actors have a total of 403,870,514 shares pledged within the next year, representing 68.13% of their holdings and 25.72% of the company's total share capital, with a financing balance of 3.789 billion yuan [5] - The financing for the pledged shares is expected to be sourced from operating income, stock dividends, investment income, and other revenues [5][11] - The company confirms that the pledge of shares will not affect its production, main business, or governance [5][11] Group 3 - Tibet Cangge Venture Investment Group Co., Ltd. has a total borrowing balance of 3.515 billion yuan, with 1.682 billion yuan due in the next six months and 2.523 billion yuan due in the next year [6] - The company plans to transfer 276,692,503 shares at a price of 35 yuan per share, which will generate proceeds of 6.843 billion yuan, primarily to repay the aforementioned debts [6][9] - The controlling shareholder has confirmed that there are no non-operational fund occupations or violations that would harm the company's interests [5][11]

Group 1 - Puyang Holdings' controlling shareholders plan to reduce their stake by up to 990,000 shares, representing 0.993% of the total share capital, within three months after the announcement [1] - Dayou Energy reported a net loss of 1.091 billion yuan for 2024, with a 15.2% year-on-year decline in revenue to 4.93 billion yuan, reflecting pressures from the coal industry cycle and cost management [2] - Huaying Agriculture's controlling shareholders have terminated their concerted action agreement, which does not affect the company's control or governance structure [3] Group 2 - Dongfang Carbon's fundraising project for high-end special graphite materials has been postponed to March 31, 2026, due to a slowdown in downstream demand, although this helps avoid overcapacity risks [4] - Yicheng New Energy plans to acquire 70% of Meishan Lake Technology, aiming to enhance its graphite electrode production capacity and reduce production costs due to favorable local resource prices [5] - Bluetian Gas's controlling shareholders have pledged a significant portion of their shares, with 72.17% of Bluetian Group's shares and 100% of Li Xinhua's shares pledged, raising concerns about the company's financial stability [6]