Core Viewpoint - The legal opinion letter outlines the implementation status of a major asset swap and share issuance for Guangdong Songfa Ceramics Co., Ltd, confirming compliance with relevant laws and regulations [2][12][18]. Group 1: Transaction Overview - The transaction involves a major asset swap, share issuance for asset purchase, and fundraising, with Songfa Ceramics exchanging its assets and liabilities for a 50% stake in Hengli Heavy Industry held by Zhongkun Investment [3][4]. - The fundraising aims to raise up to 100% of the transaction price through the issuance of A-shares to no more than 35 specific investors, with the total shares issued not exceeding 30% of the post-transaction total share capital [3][4]. Group 2: Performance and Compensation Arrangements - A performance compensation agreement has been established, with a commitment for Hengli Heavy Industry to achieve a cumulative net profit of no less than 4.8 billion yuan during the performance commitment period from 2025 to 2027 [4][5]. - If the actual net profit falls short of the committed amount, compensation will be made in shares first, with any shortfall covered in cash [5][16]. Group 3: Approval and Authorization - The transaction has received necessary approvals from the board of directors and independent directors of Songfa Ceramics, as well as from the Shanghai Stock Exchange and the China Securities Regulatory Commission [6][10][11]. Group 4: Implementation Status - As of the date of the legal opinion, the transfer of the target assets has been completed, with the 100% equity of Hengli Heavy Industry transferred to Songfa Ceramics [12][18]. - The company has completed the registration of new shares following the asset purchase, resulting in a total of 861,697,311 shares post-transaction [14][18]. Group 5: Compliance and Future Steps - The transaction has adhered to all relevant legal and regulatory requirements, with no significant discrepancies between the actual implementation and prior disclosures [18][19]. - Future steps include completing the transfer of certain assets and liabilities, as well as obtaining necessary approvals for the registration of new capital and changes to the company’s articles of association [17][18].

证券代码：002798 证券简称：帝欧家居 公告编号：2025-048 债券代码：127047 债券简称：帝欧转债 帝欧家居集团股份有限公司 本公司及全体董事会成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别风险提示： 截至本公告披露之日，公司及子公司对外担保总额超过最近一期经审计净资 产 100%，为子公司提供担保含对资产负债率超过 70%的被担保对象担保，敬请 投资者注意相关风险。 一、担保情况概述 帝欧家居集团股份有限公司（以下简称"公司"、"帝欧家居"）于 2024 年 12 月 30 日召开第五届董事会第二十九次会议、第五届监事会第十九次会议， 于 2025 年 1 月 16 日召开了 2025 年第一次临时股东大会，分别审议通过了《关 于 2025 年度对外担保额度预计的议案》。为满足公司及下属子公司日常经营和 业务发展的需要，提高公司融资决策效率，公司及子公司拟在 2025 年度为公司 及公司全资子公司重庆帝王洁具有限公司（以下简称"重庆帝王"）、成都亚克 力板业有限公司（以下简称"成都亚克力"）、佛山欧神诺陶瓷有限公司（以下 简称"欧神诺"）及其全资子公司 ...

肖春魁以手捏仿生陶和柴烧在业内独树一帜，作品多次在国内获奖，并被国内外各大博物馆收藏。2014 年5月，肖春魁注册云南浪鬼建水陶文化有限公司，2023年公司入选国家知识产权优势企业名录。肖春 魁现为云南浪鬼建水陶文化有限公司董事长兼技术总监，拥有13个专利，其中外观设计专利10个、发明 专利2个、实用新型专利1个。 □ 本报记者 贾淘文 大师简介 肖春魁，号"浪鬼"，1977年生于云南建水，高级工艺美术师、国家第一批乡村工匠名师、首届传统工艺 大国非遗工匠、云南省工艺美术大师、中国轻工业联合会中国工艺美术大师工作委员会陶瓷艺术专业委 员会委员、云南省陶瓷艺术大师、云南省五一劳动奖章获得者、非物质文化遗产项目建水紫陶烧制技艺 代表性传承人。国家级技能大师工作室、中国轻工业联合会首届"工艺美术大师传承创新基地"、云岭工 匠创新工作室负责人，参与建水陶行业标准的制定工作。 作为建水陶技艺的代表性传承人之一，肖春魁崇尚自然，痴迷柴烧。他善于将万物原生形态之神韵融入 作品之中，在他的作品中，一山一石、一草一木，乃至晨露秋霜、微风细雨，皆被永恒凝固其中，仿佛 为静默的陶器赋予了生命，让观者通过器物之美，感受到天人合一的精 ...

Core Perspective - The appointment of Li Xiaojun as the vice president of Henan Finance and Finance College marks a significant step in promoting the cultural heritage of Ru porcelain, emphasizing the integration of traditional craftsmanship with modern education and innovation [1][4]. Company Overview - Yusong Ru Porcelain, founded by Master Meng Yusong, is recognized as a leading representative of contemporary Ru porcelain craftsmanship, focusing on the inheritance and innovation of traditional techniques [5]. - The company has established a professional talent team consisting of Chinese arts and crafts masters and senior engineers, ensuring high-quality production capabilities [5]. Cultural and Educational Initiatives - Li Xiaojun's lecture on Ru porcelain covered its historical evolution, aesthetic values, and the importance of cultural transmission, aiming to inspire students and faculty [1][4]. - The college plans to use this collaboration as a foundation to create a new model for cultural education, integrating traditional arts into the curriculum [4]. Innovation and Technology - Li Xiaojun highlighted the importance of innovation in Ru porcelain, discussing the use of modern technologies like spectral analysis and 3D modeling to enhance both the artistic quality and production efficiency [4]. - The company aims to revitalize traditional craftsmanship by merging it with contemporary aesthetics and applications, thus ensuring its relevance in modern society [5].

| 证券代码：603268 证券简称：*ST | | | 松发 | 公告编号：2025 | | 临-044 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 广东松发陶瓷股份有限公司 | | | | | | | | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 | | | | | | | | | 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | | | | | | | | | 重要内容提示： | | | | | | | | | ? 本次会议是否有否决议案：无 | | | | | | | | | 一、 会议召开和出席情况 | | | | | | | | | (一)股东大会召开的时间：2025 年 | | 5 月 | 19 日 | | | | | | (二)股东大会召开的地点：广东省潮州市枫溪镇如意路工业区 | | | | | C2-2 | 号楼四楼会 | | | 议室 | | | | | | | | | (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | | | | | | | | | ...

Core Viewpoint - The revised "Major Asset Restructuring Management Measures" aims to deepen the reform of the listed company's merger and acquisition market, supporting transformation and upgrading through mergers and acquisitions [1][2]. Summary of Key Modifications - Establishment of a phased payment mechanism for share-based acquisitions, extending the registration decision validity to 48 months and allowing for performance commitments to be fulfilled through compensation or phased payments [5]. - Increased tolerance for changes in financial conditions, related party transactions, and competition, shifting the requirement to ensure no significant adverse changes occur [5]. - Introduction of a simplified review process for restructuring transactions, allowing for a decision within five working days without the need for review by the M&A committee [5]. Encouragement of Private Equity Participation - The revised measures encourage private equity funds to participate in mergers and acquisitions by linking investment periods to lock-up periods, reducing lock-up times for certain transactions [6]. Market Activity and Impact - Following the release of the revised measures, the M&A market has seen significant activity, with over 1,400 asset restructuring disclosures and a 1.4 times increase in planned asset restructurings compared to the previous year [7][8]. - The total amount of completed major asset restructuring transactions has exceeded 200 billion, marking an 11.6 times increase year-on-year [7]. Recent Approvals - Concurrently with the release of the revised measures, two major asset restructurings were approved by the China Securities Regulatory Commission, including *ST Songfa's acquisition of 100% equity in Hengli Heavy Industry Group [11].

Core Viewpoint - China's foreign trade in goods reached 10.3 trillion yuan in the first quarter of this year, showing a year-on-year growth of 1.3%, with seven provinces contributing significantly to this growth [1] Group 1: Trade Performance - Guangdong, Jiangsu, Zhejiang, Shanghai, Beijing, Shandong, and Fujian accounted for three-quarters of the national total trade value [1] - Shandong province achieved a remarkable increase in exports to 105 countries along the Belt and Road, with 89 countries experiencing double-digit growth [1][2] - In the first two months of this year, Shandong's import and export growth reached 321.8 billion yuan, the highest among all provinces [1] Group 2: Industry and Innovation - High technology has become a key factor for Shandong manufacturing to penetrate overseas markets, with companies like Zhongtong Bus leveraging energy efficiency, safety, and intelligence [2][3] - Shandong's traditional and emerging industries saw synchronized export growth, with high-tech products increasing by 41% [4][6] - Companies like Aodes and Weichai Power are successfully exporting innovative products, with Aodes achieving over 70% of its sales from exports [3][4] Group 3: Policy Support - Shandong has implemented a series of policies to boost foreign trade, including measures to expand intermediate goods trade and support for cross-border e-commerce [3][6][8] - The province plans to support enterprises in participating in over 360 overseas exhibitions and organizing 50 international procurement activities [8] Group 4: Market Demand and Adaptation - Companies are adapting to market demands by diversifying their product offerings, as seen with Blue Sail Medical's shift towards European and Belt and Road markets [7] - Jinboke Health Technology achieved record export figures by focusing on technological innovation and launching new products [7]

Core Viewpoint - The stock of Guangdong Songfa Ceramics Co., Ltd. experienced significant trading fluctuations, with a cumulative closing price deviation exceeding 12% over three consecutive trading days, prompting the company to confirm the absence of undisclosed major information [2][3][4]. Group 1: Stock Trading Fluctuations - The company's stock price increased significantly on April 29, April 30, and May 6, 2025, with a cumulative closing price deviation exceeding 12%, indicating abnormal trading behavior [2][3]. - The company conducted a self-examination and confirmed that its production and operational conditions remain normal, with no significant changes in the internal and external business environment [4]. Group 2: Major Asset Restructuring - The company plans to acquire 100% equity of Hengli Heavy Industry Group Co., Ltd. through major asset replacement and issuance of shares, involving specific investors for fundraising [5]. - The Shanghai Stock Exchange's M&A Review Committee approved the company's restructuring application, confirming compliance with restructuring conditions and information disclosure requirements [5]. Group 3: Financial Performance - As of December 31, 2024, the company reported total assets of 571.78 million yuan and a net asset attributable to shareholders of 1.51 million yuan, with a net profit of -76.64 million yuan for the year [10]. - The first quarter of 2025 showed total assets of 557.03 million yuan and a net profit of -20.87 million yuan, indicating ongoing financial challenges [11]. Group 4: Regulatory Compliance and Risk - The company is subject to a delisting risk warning due to its negative net profit and revenue below 300 million yuan, effective from April 29, 2025 [10]. - The completion of the major asset restructuring is contingent upon approval from the China Securities Regulatory Commission, with uncertainties regarding the registration process and timeline [6][12].

山东银凤股份有限公司贸易部负责人 张斌：重点也想向国内市场来转变，在天猫、京东开旗舰店，来缓解这些压力。 最近，大家逛网店或线下超市的时候可能会发现，一些电商平台和超市里都出现了"外贸优品"专区。今年4月以来，在美国滥施关税政策冲击下，中国外贸 企业经受了巨大的挑战。挑战之下，各地各部门积极行动，搭建外贸企业拓内销平台，在市场准入、渠道开拓、服务保障等方面加大对外贸企业拓内销的帮 助力度。 从今天起，新闻频道推出系列报道《转内销观察》，带您看无数个"外贸优品"专区背后，外贸企业如何凭借我国超大市场应对挑战，突出重围。 在山东临沂，有一家从事陶瓷制造60多年的外贸企业，年产值超过4亿元，是当地名副其实的"陶瓷大王"。企业出口的产品中，40%都销往美国市场。面对 外部挑战，企业决定开拓国内市场。全新的市场，全新的渠道，这条"二次创业"路，会有哪些挑战？ 山东银凤股份有限公司贸易部负责人 张斌：这个展台，是我们的今年新上的一种技术打印的产品。 京东京喜厨具采销经理 郭财茂：我觉得这一块的产品，基本上就很符合我们想找的一些爆品。 记者来到企业时，正赶上电商平台的采销员帮着企业建网店。挑款式，选尺寸，看透光度，一系列选 ...

自美国挥舞关税大棒以来，我国部分外贸企业受到了一定冲击，与此同时，各方的帮扶举措也如"雪片般"涌向这些企业。 证券时报记者近期走访多个"出口转内销"展销会以及对接会获悉，国内大型商超、电商平台正积极帮助外贸企业拓宽内销渠道，"出口转内销""内外贸一体化"等举 措的成效初步显现。不过，帮扶仅是短期纾困下的"救急"之举，从长远看，"出口转内销"是一项系统性工程，需要外贸企业在产品适应性、品牌建设等方面开展系 统性变革，从"救急"转向常态化运营，以适应国内市场需求。 多方助力解燃眉之急 4月27日，大润发上海大宁店的一楼中庭，正在举行一场百货"外贸优品中华行"巡展销售活动，涵盖厨具、锅具、整理收纳、户外用品等商品，不少消费者正在选 购。大润发全国百货商品部总监秦聪接受证券时报记者采访时透露，因受顾客欢迎，原本计划4月25日就结束的巡展销售活动，延期到5月3日，后续还有望在大润 发其他门店开展。 秦聪向记者透露，截至4月27日，大润发自4月13日启动"外贸优品中华行"项目以来，共收到157家外贸企业的提报，目前达成意向合作的有91家，其中52家已经达成 立项合作。 京东出口转内销扶持计划深圳负责人介绍，京东预计一年投 ...