Core Points - The company held its first extraordinary general meeting of shareholders on August 20, 2025, with no resolutions being rejected [2][4] - The meeting was conducted in compliance with the Company Law and the company's articles of association, with a combination of on-site and online voting [2][5] - The company approved two key resolutions: the cancellation of the supervisory board and the revision of the Articles of Association, and the revision of the Fund Management Measures [4][6] Meeting Details - The meeting took place at the Shanghai Expo Exhibition Center, with attendance from board members, supervisors, and legal representatives [2][3] - The first resolution required a two-thirds majority to pass, while the second required a simple majority [5][6] Legal Verification - The meeting was witnessed by lawyers from Beijing Tongshang Law Firm, confirming that the procedures and voting results were legally valid [7] Board Meeting - The company's 12th board meeting was also held on August 20, 2025, via telecommunication, with all nine board members present [9][10] - The board approved the appointment of Li Li as the vice president of the company, effective immediately [10][11] - Li Li has a strong background in management and does not have any conflicts of interest with the company [16][17]

Core Viewpoint - The "Silk Suzhou 2025" special exhibition, celebrating its 10th anniversary, aims to showcase the cultural heritage and contemporary vitality of Chinese silk, set to take place from October 10 to 12 at the Suzhou International Expo Center [1] Group 1: Exhibition Overview - The exhibition has been a significant national platform since its inception in 2016, focusing on the achievements of the Suzhou and Chinese silk industry, promoting trade cooperation, and leading industry trends [1] - The special exhibition is co-hosted by the China Silk Association, Jiangsu Silk Association, and Suzhou Silk Industry Association, with an exhibition area of 10,000 square meters [1] Group 2: Event Features - The event will feature six themed exhibition areas and utilize diverse formats such as exhibitions, sales, roadshows, live broadcasts, and innovative experiences to create immersive communication and cooperation scenarios [1] - Collaborations with top national IPs like "Black Myth: Wukong" will result in the creation of themed co-branded products [1] - A "Silk Industry Innovation Accelerator" will be established for exhibitors, providing 12 types of specialized services including supply chain finance, cross-border logistics, and IP licensing [1]

General Principles - The rules are established to regulate the behavior of Donghao Lansheng Exhibition Group Co., Ltd. and ensure shareholders can exercise their rights according to the Company Law and Securities Law of the People's Republic of China [1][2] - The company must strictly follow legal and regulatory requirements when convening shareholder meetings, ensuring that all directors fulfill their responsibilities diligently [1][2] Shareholder Meeting Convening - The board of directors is responsible for convening the shareholder meeting within the specified timeframe, with independent directors having the right to propose a temporary meeting [3][4] - Shareholders holding more than 10% of the company's shares can request the board to convene a temporary meeting, and if the board does not respond within 10 days, they can approach the audit committee [4][5] Proposals and Notifications - Shareholders holding at least 1% of the shares can submit temporary proposals 10 days before the meeting, which must be included in the meeting notice [6][7] - The notice for the annual meeting must be sent 20 days in advance, while for temporary meetings, it should be sent 15 days prior [7][8] Meeting Procedures - The shareholder meeting must be held in Shanghai and can utilize online methods to facilitate participation [8][9] - Shareholders can attend in person or appoint proxies, and the meeting must maintain order and address any disruptions [9][10] Voting and Resolutions - Each share carries one voting right, and shareholders must declare their voting intentions as agree, disagree, or abstain [11][12] - The results of the voting must be announced immediately, and resolutions must be disclosed promptly [14][15] Record Keeping and Compliance - Meeting records must include details such as time, location, attendees, and voting results, and must be preserved for at least ten years [15][16] - Any resolutions that violate laws or regulations are deemed invalid, and shareholders can request annulment within 60 days if procedures are not followed [16][17]

General Principles - The company establishes an association transaction management system to regulate related transactions and protect the interests of the company and all shareholders [2] - The decision-making process for related transactions involves the shareholders' meeting, board of directors, and executive office according to the company's articles of association and this system [2][3] - The principles of related transactions include openness, fairness, justice, and good faith [2] Definition of Related Parties and Transactions - Related parties include both related legal entities and natural persons [6] - Legal entities are considered related if they directly or indirectly control the company or are controlled by related natural persons [7] - Natural persons are considered related if they hold more than 5% of the company's shares, are directors or senior management, or are closely related family members of such individuals [8] Approval Procedures for Related Transactions - Related transactions exceeding RMB 30 million and 5% of the latest audited net assets must be disclosed and submitted for shareholder approval [12] - Transactions with related legal entities exceeding RMB 300,000 and 0.5% of the latest audited net assets require approval from independent directors and the board [14] - Written agreements must be signed for related transactions, and the content should be clear and specific [16] Disclosure Requirements - Transactions with related legal entities over RMB 300,000 and 0.5% of the latest audited net assets must be disclosed promptly [21] - Transactions with related natural persons over RMB 30,000 must also be disclosed [22] - Disclosure announcements must include transaction pricing policies, the relationship between transaction prices and market values, and the impact of transactions on the company's financial status [24] Daily Related Transactions - Daily related transactions must follow specific disclosure and approval procedures, including annual reporting of actual performance [27] - If the terms of ongoing daily related transactions change significantly, new agreements must be submitted for approval [28] - Agreements exceeding three years must undergo re-evaluation and approval every three years [29]

Group 1: Financial Performance - In 2024, the company achieved revenue of 750 million, a year-on-year decline of 10.0%, and a net profit attributable to shareholders of 160 million, down 17.6% year-on-year [1] - In Q4 2024, the company reported revenue of 330 million, a year-on-year decrease of 10.8%, and a net profit attributable to shareholders of 90 million, down 18.3% year-on-year [1] - In Q1 2025, the company experienced a significant revenue drop to 20 million, a year-on-year decline of 77.3%, with a net profit attributable to shareholders turning negative at -40 million [1][2] Group 2: Industry Challenges - The overseas exhibition industry in China faced dual pressures in 2024, including cautious decision-making by Chinese enterprises and a decrease in government subsidies [2] - The number of overseas exhibition organizers has significantly increased, contributing to the challenging external environment [2] - The company organized 97 overseas exhibitions in 2024, covering nearly 300,000 square meters, ranking first among overseas exhibition organizers in China [2] Group 3: Future Outlook - The company anticipates revenue growth from 1.01 billion in 2025 to 1.43 billion in 2027, with year-on-year growth rates of 34.2%, 19.4%, and 19.2% respectively [3] - Net profit attributable to shareholders is expected to rise from 260 million in 2025 to 390 million in 2027, with growth rates of 66.8%, 22.6%, and 22.0% respectively [3] - The company maintains a "buy" rating due to its leading growth potential and development stage [3]

2025年4月26日，米奥会展(300795.SZ)发布2025年一季报。 公司营业总收入为1726.73万元，在已披露的同业公司中排名第20，较去年同报告期营业总收入减少 5886.36万元，同比较去年同期下降77.32%。归母净利润为-3679.13万元，在已披露的同业公司中排名第 19，较去年同报告期归母净利润减少4160.58万元，同比较去年同期下降864.17%。经营活动现金净流入 为-1267.42万元，在已披露的同业公司中排名第11，较去年同报告期经营活动现金净流入减少3230.24万 元，同比较去年同期下降164.57%。 公司摊薄每股收益为-0.16元，在已披露的同业公司中排名第19，较去年同报告期摊薄每股收益减少0.18 元，同比较去年同期下降900.00%。 公司最新总资产周转率为0.02次，在已披露的同业公司中排名第20，较去年同期总资产周转率减少0.07 次，同比较去年同期下降76.05%。最新存货周转率为1.14次，在已披露的同业公司中排名第16。 | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 方欢胜 | 22.95% | | 2 | ...