Core Viewpoint - The management of investor relations (IRM) in listed companies is transitioning from compliance-oriented to value co-creation, driven by the need to enhance investment value and investor confidence in the context of capital market reforms [1][11]. Group 1: Investor Relations Management Practices - The China Listed Companies Association (CLCA) has been promoting best practices in investor relations management for two consecutive years, leading to double-digit growth in key indicators such as institutional construction, digital communication, and voluntary disclosure in 2024 [1]. - The proportion of companies disclosing investor relations management systems, investor file management systems, and investor reception and promotion systems has increased by 14.67%, 20.97%, and 21.22% respectively, indicating a growing recognition of the importance of institutional construction [2]. - The percentage of companies providing equal treatment and convenience for retail investors has risen significantly to 26.58%, reflecting an increased emphasis on investor protection [2]. Group 2: Professional Talent Development - Companies are focusing on building a professional investor relations team with a strong knowledge base in corporate governance, financial accounting, and relevant laws and regulations [2]. - A diversified training system is being established to enhance the team's understanding of macroeconomic conditions, regulatory policies, and best practices, ensuring comprehensive support for investors [2]. Group 3: Enhancements in Earnings Presentation - The "value transmission" aspect of earnings presentations is gaining importance, with attendance rates for company executives at these meetings reaching 98.5% in 2024, indicating a shift towards more open communication with investors [3]. - Companies are actively breaking down communication barriers, using earnings presentations as a key platform for direct engagement with retail investors [3]. Group 4: Data-Driven Investor Services - Companies are utilizing multi-dimensional data integration and intelligent analysis to create a comprehensive investor service system, enhancing the precision and effectiveness of investor communications [4]. - The use of new media channels has exceeded 70%, highlighting the growing role of platforms like WeChat, Weibo, and short video platforms in investor relations management [4]. Group 5: Voluntary Disclosure Trends - There is a notable shift from mandatory to voluntary disclosure among listed companies, with nearly one-third of companies increasing their willingness to disclose information voluntarily [6]. - This trend is seen as a key indicator of high-quality market development, aimed at reducing information asymmetry and enhancing market transparency [6]. Group 6: Systematic Value Management - Companies are systematically constructing value management frameworks, including regular meetings to track market dynamics and incorporating value management into performance assessments [10]. - Tools such as cash dividends, special dividends, equity incentives, and employee stock ownership plans are becoming important for value management [10]. Group 7: Importance of Investor Relations - Investor relations management is recognized as a cornerstone for high-quality development, essential for companies to adapt to external economic uncertainties [11]. - The CLCA aims to facilitate deep communication and positive interaction between listed companies and investors, contributing to the stability and vitality of the capital market [11].

Core Viewpoint - The report from the China Listed Companies Association indicates that listed companies are increasingly enhancing their investor relations management, focusing on value transmission and trust-building with investors [1] Group 1: Improvement of Investor Relations Management - The proportion of companies disclosing investor relations management systems, investor file management systems, and investor reception and promotion systems has increased by 14.67%, 20.97%, and 21.22% respectively [4] - The percentage of companies providing convenience and equal treatment for small investors has significantly risen to 26.58% [4] - Companies are emphasizing the development of professional investor relations teams, requiring personnel to have a solid knowledge structure in corporate governance, financial accounting, and relevant laws and regulations [4] Group 2: Utilization of New Media Channels - Over 70% of listed companies are actively adapting to digital communication trends by building a new media communication matrix centered around WeChat, Weibo, and short video platforms [5] - Companies are inviting shareholders to engage through cloud exhibitions and product tasting days, enhancing face-to-face communication with investors [5] - The attendance rate of chairpersons and general managers at annual report performance briefings has reached 98.5%, with independent directors' attendance exceeding 80% [5] Group 3: Voluntary Information Disclosure - Listed companies are strengthening voluntary information disclosure, with nearly one-third of companies expanding the breadth and depth of their disclosures [6] - Companies are improving their public opinion management systems by optimizing organizational structures and standardizing monitoring processes [6] - Many companies have elevated public opinion management to a top-level initiative, establishing comprehensive management systems [6] Group 4: Building Investor Trust - Companies are systematically constructing value management systems by forming efficient value management teams and establishing regular working mechanisms [7] - Management regularly holds value management meetings to track market dynamics and accurately grasp value trends [7] - Cash dividends, special dividends, equity incentives, employee stock ownership plans, and mergers and acquisitions are becoming important tools for value management, enhancing market confidence and solidifying investor trust [7]

Core Viewpoint - The company has established a public opinion management system to enhance its ability to respond to various public opinions, ensuring timely and effective handling of issues that may impact its stock price, reputation, and normal operations [1][2]. Group 1: General Principles - The public opinion management system aims to protect investors' rights and interests by addressing negative media coverage, rumors, and information that could affect public investment decisions [1]. - Public opinion is categorized into major public opinion, which significantly impacts the company's image and operations, and general public opinion, which is less severe [1][2]. Group 2: Organizational Structure and Responsibilities - The company has formed a public opinion management working group led by the general manager, with the board secretary as the deputy leader, comprising other senior management and relevant department heads [2]. - The working group is responsible for decision-making regarding public opinion handling, including initiating and terminating response efforts, developing handling plans, and coordinating external communications [2][3]. Group 3: Handling Principles and Measures - The company emphasizes quick response and action, coordinated communication, and a proactive attitude in facing crises [3][4]. - The reporting process for public opinion information requires timely, objective, and truthful reporting from relevant personnel [3][4]. Group 4: Major and General Public Opinion Handling - For major public opinion incidents, the working group will convene to make decisions and deploy strategies, including real-time monitoring and communication with media and investors [5]. - General public opinion is handled flexibly by the working group leaders based on specific circumstances [4][5]. Group 5: Accountability and Confidentiality - The company enforces confidentiality obligations on internal departments and related personnel regarding undisclosed significant information, with penalties for violations [6]. - The company reserves the right to pursue legal action against media that disseminate false or misleading information that harms its reputation or causes financial loss [6]. Group 6: Implementation and Amendments - The public opinion management system will be effective upon approval by the board of directors and will be revised as necessary [7].

孚日集团股份有限公司 第三条 本制度所称舆情分为重大舆情与一般舆情： （一）重大舆情：指传播范围广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受较大损失，已经或可能造成公司股票及其衍生品种交易价 格变动的负面舆情； （二）一般舆情：指除重大舆情之外的其他舆情。 第一章 总则 第一条 为提高孚日集团股份有限公司（以下简称"公司"）应对各类舆情 的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司品牌形 象、股价、商业信誉及正常生产经营活动造成的影响，切实维护投资者合法权益 ，根据相关法律法规、部门规章、规范性文件和《公司章程》等有关规定，结合 公司的实际情况，制定本制度。 第二条 本制度所称舆情包括： （一）报刊、杂志、电视、广播、网络等媒体对公司进行的负面、不实报道 ； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第二章 舆情管理的组织体系及其工作职责 第四条 公司应对各类舆情时实行统一领导、统一组织、快速反 ...

Overview of Guarantees - The company has reduced financing guarantees to its domestic subsidiaries and converted previous guaranteed loans into credit loans, providing comfort letters without guarantee nature for some overseas subsidiaries [1][2]. Guarantee Details - The company plans to provide guarantees for its subsidiary, Lao Feng Xiang Jewelry (USA) Co., Ltd., and issue comfort letters for Lao Feng Xiang Jewelry (Hong Kong) Co., Ltd. The total expected amount for guarantees and comfort letters for 2025 is approximately 111,285.91 million RMB, accounting for 8.90% of the audited net assets as of the end of 2024 [2][5]. - The expected guarantee amount includes 1,030.21 million RMB for guarantees and 110,255.70 million RMB for comfort letters, with the amounts subject to currency and exchange rate considerations [2][6]. Subsidiary Information - Lao Feng Xiang Jewelry (USA) Co., Ltd. was established in October 2013, with total assets of 164 million RMB and a net asset deficit of 202 million RMB as of the end of 2024. The company reported a revenue of 56 million RMB and a net loss of 12 million RMB for the same period [3]. - Lao Feng Xiang Jewelry (Hong Kong) Co., Ltd. was established in January 2012, with total assets of 675 million RMB and a net asset deficit of 98 million RMB as of the end of 2024. The company reported a revenue of 475 million RMB and a net profit of 71 million RMB for the same period [4]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to meet the funding needs of the company's operations in Hong Kong and the USA, with the company providing guarantees based on actual equity control ratios [6][7]. Internal Decision-Making Process - The company held board and supervisory meetings on April 28, 2025, to approve the proposed guarantee amounts, which require shareholder approval due to the subsidiaries' asset-liability ratios exceeding 70% [7][8]. Cumulative External Guarantee Amount - As of December 31, 2024, the company's total balance of guarantees and comfort letters was 36,746.59 million RMB, representing 2.94% of the audited equity attributable to the parent company. By April 28, 2025, this balance increased to 72,846.68 million RMB, accounting for 5.83% of the same equity [6][7].

南方财经全媒体记者 吴立洋 上海报道 作为一家以"认养模式"打响品牌知名度的乳企，认养一头牛的发展路径与其高调的营销风格高度绑定， 但最近该公司的"抖机灵"营销内容，却惹来了部分打工人群体的不满。 舆情事件：认养一头牛广告被指"嘲讽打工人" 事件回顾：近日，认养一头牛近期在上海、杭州地铁站及居民电梯投放招聘广告，使用"COWS直聘， 找工作，直接跟老板哞""跳槽吧！奶牛，听说你们场晒不到太阳"等广告语，被部分网友质疑嘲讽打工 人。"认养一头牛广告被指嘲讽打工人"随即登上热搜。对此，网友观点呈现两极分化，有人认为相关广 告"有点令人不适"，也有超过半数的评价认为"没感觉在嘲讽"。 编者按：消费者的信任与喜爱，是面向大众的消费企业最宝贵的市场资源。近年来，随着消费品牌与公 司经营全流程环节的绑定程度不断加深，每一次消费产品舆情的出现、演变和定调，既考验其品牌长期 建设和应急策略的有效性，也反映了其整体企业文化与运作机制中的特征。 涉及企业：认养一头牛 南方财经全媒体·21世纪经济报道消费新闻部长期关注消费类企业的舆情动态，在跟进新闻动态、传递 有效信息和反映消费者诉求的基础上，希望以每一次典型舆情案例的出现和应对 ...

博瑞生物医药（苏州）股份有限公司 舆情管理制度 第一章 总则 第一条 为提高博瑞生物医药（苏州）股份有限公司（以下简称"公司"）应 对各类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对 公司股价、商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权益， 根据相关法律法规、规范性文件和《博瑞生物医药（苏州）股份有限公司章程》 （以下简称"公司章程"）等规定，制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情（尤其是媒体质疑危机时）实行统一领导、统一 组织、快速反应、协同应对。 第四条 公司舆情管理工作由公司董事会统一领导和管理，董事长作为第一 责任人，负责领导各类舆情处理工作。必要时可成立舆情管理应急小组，由董事 长任组长，董事会秘书任副组长，其他高级管理人员或 ...

湖北台基半导体股份有限公司 第一章 总 则 第一条 为提高湖北台基半导体股份有限公司（以下简称"公司"）应对各 类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公 司股票价格、商业信誉及正常生产经营活动造成的影响，切实保护投资者的合 法权益，根据相关法律、法规和规范性文件及《湖北台基半导体股份有限公司 章程》（以下简称《公司章程》），结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响投资者投资判断，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生 较大影响的事件信息。 第三条 本制度所称舆情分为重大舆情与一般舆情： （一）重大舆情：传播范围广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受损失，造成公司股票及其衍生品种交易价格异常波动的 负面舆情； （五）舆情处理过程中的其他事项。 （二）一般舆情：除重大舆情之外的其他舆情。 第二章 舆情管理的组织体系及其工作职责 第四条 公司应对各类舆情（尤其 ...

旗天科技集团股份有限公司 舆情管理制度 （三）可能或者已经影响公众投资者投资价值取向，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较大影响 的事件信息。 旗天科技集团股份有限公司 第三条 公司舆情管理工作坚持实行统一指挥、快速反应、尊重事实、注重实效、 科学应对的整体原则，有效引导社会舆论，避免和消除因媒体报道对公司可能造成的各 种负面影响，切实维护公司的利益和形象。 舆情管理制度 第二章 舆情管理机构及人员 第一章 总则 第一条 为了加强旗天科技集团股份有限公司（以下简称"公司"）应对各类舆情的 能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股价、商业信誉 及正常生产经营活动造成的影响，切实维护投资者合法权益，根据《中华人民共和国公 司法》《中华人民共和国证券法》《深圳证券交易所创业板股票上市规则》《上市公司 监管指引第 10 号——市值管理》等法律法规、规范性文件和《旗天科技集团股份有限 公司章程》（以下简称"《公司章程》"）的规定，结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括但不限于： （一）报刊、电视、网络等媒体及自媒体（以下 ...

宁波恒帅股份有限公司 舆情管理制度 第一章 总则 第一条 为加强宁波恒帅股份有限公司（以下简称"恒帅股份"或"公司"）应 对各类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情 对公司股价、商业信誉及正常生产经营活动造成的影响，切实维护投资者合法 权益，根据《深圳证券交易所创业板股票上市规则》《上市公司监管指引第 10 号--市值管理》等法律法规、规范性文件和《宁波恒帅股份有限公司章程》的 规定，结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括但不限于： （一）报刊、电视、网络等媒体及自媒体（以下合称"媒体"）对公司进行 的不实或负面报道； （二）社会上存在的已经或预计会给公司造成不良影响的传言或信息； （三）可能或者已经影响公众投资者投资价值取向，造成股价异常波动的 信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生 较大影响的事件信息。 第三条 公司舆情分类 （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活 动，使公司已经或可能遭受重大损失，已经或可能造成公司股票及其衍生品交 易价格较大波动的负面舆情； （二）一般舆情：指除重大舆情之外的其他舆 ...