Core Viewpoint - The legal opinion issued by Anhui Tianhe Law Office confirms that the procedures for convening and holding the 2024 Annual General Meeting of Zhibang Home Furnishing Co., Ltd. comply with relevant laws and regulations, ensuring the legality and validity of the resolutions passed during the meeting [1][5][19]. Group 1: Meeting Procedures - The 2024 Annual General Meeting is scheduled for May 21, 2025, and was convened following a resolution made at the board meeting on April 28, 2025 [2][4]. - The notice for the meeting was announced at least 20 days prior, detailing the meeting type, date, time, location, voting methods, and agenda [2][4]. - The meeting was held at the specified location and time, with the agenda aligning with the notice [4][5]. Group 2: Attendance and Qualifications - A total of 13 shareholders or their representatives attended the meeting in person, while 404 participated via online voting [5][6]. - The qualifications of attendees and the convenor were verified and found to be in compliance with relevant laws and the company's articles of association [5][6]. Group 3: Proposals and Voting Results - The meeting reviewed several proposals, including the 2024 Board of Directors' Work Report, financial statements, and profit distribution plans [5][6]. - Voting was conducted through written ballots and online systems, with results announced immediately after voting concluded [7][8]. - The proposals received overwhelming support, with approval rates exceeding 99% for most items, indicating strong shareholder backing [8][9][10][12][21].

Meeting Details - The shareholders' meeting of Zhibang Home Co., Ltd. was held on May 21, 2025, at the administrative building in Hefei, Anhui Province [1] - The meeting was convened by the board of directors and chaired by Chairman Sun Zhiyong, utilizing a combination of on-site and online voting methods [2] Attendance and Voting - A total of 57.2873% of the shares were represented at the meeting [1] - The voting process complied with the Company Law and the company's articles of association, with results announced immediately after the counting [2] Resolutions Passed - All non-cumulative voting proposals were approved with significant support, including: - 99.8373% of A-shareholders voted in favor of the first resolution [2] - 99.8391% of A-shareholders supported the second resolution [2] - 99.8709% of A-shareholders approved the third resolution [3] - 99.8474% of A-shareholders voted in favor of the fourth resolution [3] - 99.6110% of A-shareholders supported the fifth resolution [4] Legal Compliance - The meeting's procedures, attendance qualifications, and voting results were confirmed to be in accordance with relevant laws and regulations, ensuring the legality and validity of the resolutions passed [6][7]

Summary of Conference Call on Costco's Supply Chain and Market Dynamics Industry Overview - The discussion primarily revolves around the home goods industry, particularly focusing on Costco's supply chain management and procurement strategies in response to tariff fluctuations and market demands [1][3][4][5][6]. Key Points and Arguments - **Tariff Impact and Procurement Strategy**: - Costco is diversifying its procurement strategy to mitigate tariff impacts, shifting health products back to the U.S. or Canada and labor-intensive goods like clothing to Southeast Asia [1][5]. - Approximately 34%-40% of Costco's total procurement is affected by tariffs, particularly in grocery and apparel sectors [1][6]. - The company collaborates closely with Chinese home brands like Kuka and Treton Group, but full replacement of Chinese suppliers is expected to take 3-5 years [1][11]. - **Price Adjustments and Inflation**: - Furniture prices have increased by 3%-5% from 2023 to 2024 due to supply chain costs and tariffs, with further inflation expected in 2025 [1][12]. - Despite a decline in new home sales by 8%, rental demand is rising, which is expected to boost demand for affordable furniture [12]. - **Inventory Management**: - Costco has been proactive in stockpiling inventory to counter potential cost increases due to tariffs, maintaining a three-month inventory level [3][7]. - The company plans to continue this strategy while managing inventory pressure [7]. - **Growth in Specific Product Categories**: - Categories such as smart home products, outdoor furniture, and space-saving furniture have seen significant growth, with year-over-year increases of 25%, 15%, and 20% respectively [4][18]. - These categories are expected to be focal points for future development, adapting to rising prices through enhanced product features [4][18]. - **Supplier Dynamics and Regional Shifts**: - Southeast Asian factories are increasing capacity by 30%-40% annually, but complete replacement of Chinese suppliers will take 5-10 years [15]. - The transition to Southeast Asia is complicated by higher initial costs and operational challenges [28]. - **Sales Strategy and Market Adaptation**: - Costco's sales strategy will focus on existing suppliers, particularly small to medium-sized brands in Vietnam and Southeast Asia, while maintaining relationships with leading brands [14]. - The company anticipates a 10%-15% impact on home goods sales due to tariffs, but plans to adapt by adjusting product categories and maintaining quality [14][36]. Other Important Insights - **Consumer Behavior**: - There is a shift towards online purchasing, especially for 3C and home goods, driven by competitive pricing on e-commerce platforms [27]. - The company acknowledges the need for flexibility in pricing strategies to remain competitive in a changing market [36]. - **Future Outlook**: - The expectation of interest rate cuts in 2025 may lead to a rebound in demand, with inventory cycles extending from 45-50 days to 60 days [24][33]. - Costco is committed to improving operational efficiency and managing costs while navigating the complexities of the current market environment [25][35]. - **Challenges in Supply Chain Transition**: - Transitioning production to Southeast Asia presents challenges, including higher operational costs and the need for local market adaptation [28][30]. - Despite these challenges, some suppliers are already beginning to shift production to avoid tariff impacts, although large-scale production remains difficult [29]. This summary encapsulates the key discussions and insights from the conference call, highlighting Costco's strategic responses to current market dynamics and challenges within the home goods industry.

Core Viewpoint - The legal opinion confirms that the 2024 annual general meeting of Guangdong PIANO Science & Art Home Co., Ltd. was convened and conducted in accordance with relevant laws and regulations, ensuring the legitimacy of the meeting and the validity of the resolutions passed [15]. Group 1: Meeting Announcement and Procedures - The board of directors announced the 2024 annual general meeting on April 29, 2025, through various media outlets [2]. - The company followed legal timelines to announce the meeting's time, location, voting methods, and other relevant details, complying with the Company Law and internal regulations [3]. Group 2: Attendance and Qualifications - A total of 51 participants attended the meeting, representing 72,281,511 shares, which is 39.5162% of the total voting shares [4]. - The meeting included 2 attendees in person and 49 participants voting online, representing 24,348,500 shares, or 13.3113% of the total voting shares [5]. - The qualifications of all attendees, including shareholders and their proxies, were verified and deemed valid [4][5]. Group 3: Voting Procedures and Results - The meeting conducted voting on the proposed resolutions through both on-site and online methods, adhering to legal requirements [7]. - The voting results showed that 96,526,711 shares approved the resolutions, accounting for the majority of the valid votes cast [7]. - The results from minority shareholders indicated a significant majority in favor of the resolutions, with 81.6941% of the votes from small investors supporting the proposals [8].

证券代码：002853 证券简称：皮阿诺 公告编号：2025-031 广东皮阿诺科学艺术家居股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要提示： 一、会议召开的情况 （1）现场会议召开时间：2025 年 5 月 19 日（星期一）14:30 开始。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 5 月 19 日的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 5 月 19 日 9:15- 四楼 406 会议室。 董事会 会规则》《深圳证券交易所股票上市规则》及《公司章程》等法律、法规及规范 性文件的规定。 二、会议的出席情况 出席本次股东大会现场会议和网络投票的股东及股东代理人共 51 人，代表 有表决权股份 96,630,011 股，占公司有表决权股份总数的 52.8275％。 公司董事、监事、高级管理人员及律师出席或列席了本次会议。 出席本次股东大会现场会议的股东及股东代理人共 2 人，代表股份 ...

Group 1 - The 34th Harbin International Economic and Trade Fair (referred to as "Harbin Fair") was held from May 17 to 21 at the Harbin International Exhibition and Sports Center [1] - The Guangdong trade delegation showcased a 195 square meter special exhibition area, highlighting the "Foshan Manufacturing" characteristics of the Foshan home furnishing industry, featuring nearly 20 well-known brands and over 100 smart home products [1] - The "Guangdong-Black龙江 Economic and Trade Cooperation Exchange Activity" attracted over 200 representatives from key enterprises and business associations from both provinces [1] Group 2 - The "Guangdong-Black龙江" series of online and offline economic and trade activities will host 615 events by the end of 2024, with over 150,000 participating enterprises and a special fund of nearly 110 million yuan, resulting in a transaction intention amount exceeding 210 billion yuan [1] - A total of 18 cooperation projects were collected during the Harbin Fair, covering various fields such as consumer electronics, agricultural product procurement, food and beverage, logistics services, and import-export trade, with a total intended cooperation amount of 5.064 billion yuan [1] - Guangdong's economic cooperation with Heilongjiang is highlighted by complementary advantages in economic and industrial chains, with the potential for win-win cooperation [2]

Group 1 - ST Shengda announced the removal of risk warnings and the change of its stock name from "ST Shengda" to "Shengda Forestry" effective May 20 [1] - ST Shengda's main business has shifted from home products to natural gas liquefaction and urban gas operations after significant restructuring [1][2] - The company has resolved issues related to the misuse of funds by its former controlling shareholder and has no current major shareholder or actual controller [2] Group 2 - ST Shengda is pursuing litigation related to the illegal guarantees provided by Shengda Group and aims to recover losses [3] - *ST Mingjia announced that it met the conditions for the removal of delisting risk warnings, with an audited revenue of 117 million and a net asset of 96.44 million for 2024 [3] - Despite the removal of delisting risk warnings, *ST Mingjia will continue to face other risk warnings due to negative net profits in the last three accounting years [3]

证券代码：002853 证券简称：皮阿诺 公告编号：2025-030 广东皮阿诺科学艺术家居股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要提示： 股，导致公司控股股东、实际控制人马礼斌先生及其一致行动人马瑜霖女士的持 股比例由 38.75%增加至 39.52%；导致公司持股 5%以上股东珠海鸿禄企业管理合 伙企业（有限合伙）及其一致行动人保利（横琴）资本管理有限公司－共青城齐 利股权投资合伙企业（有限合伙）的持股比例由 13.76%增加至 14.03%。 公司因实施注销回购股份导致公司总股本、无限售条件流通股数量发生变化， 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易所上 市公司自律监管指引第 9 号——回购股份》等相关规定，现就回购股份注销完成 暨股东权益变动的情况公告如下： 一、本次回购股份的批准及实施情况 公司于 2021 年 5 月 24 日召开第三届董事会第八次会议，审议通过了《关于 回购公司股份方案的议案》，公司拟使用自有资金以集中竞价交易的方式回购公 司股份，并将用于实施公司员工持股计划或者股权激励，回购 ...

顾家家居股份有限公司 会议材料 目 录 议案五：关于公司 2025 年度向特定对象发行 A 股股票募集资金使用的可行性分析报告的议案 .. 11 议案七：关于公司 2025 年度向特定对象发行 A 股股票摊薄即期回报、采取填补措施及相关主体承诺 议案九：关于提请公司股东大会授权董事会及董事会授权代表全权办理公司 2025 年向特定对象发行 议案十：关于申请公司 2025 年度向特定对象发行 A 股股票的发行对象免于发出要约的议案 .... 28 顾家家居股份有限公司 2025 年第一次临时股东大会会议须知 顾家家居股份有限公司 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大会的 顺利进行，根据中国证监会《上市公司股东大会规则》及《公司章程》的规定，特制定 本须知： 一、本公司根据《公司法》、《证券法》、《上市公司股东大会规则》及《公司章程》 的规定，认真做好召开股东大会的各项工作。 二、本次大会期间，全体参会人员应以维护股东的合法权益，确保大会的正常秩序 和议事效率为原则，自觉履行法定义务。 三、为保证本次大会的严肃性和正常秩序，除出席会议的股东及股东代理人、董事、 监事、公司高级管理人 ...

Core Viewpoint - The company, Dream百合家居科技股份有限公司, has announced a share repurchase plan to enhance employee incentive mechanisms and boost investor confidence, with a total repurchase amount ranging from RMB 0.85 billion to RMB 1.70 billion [2][6]. Summary by Relevant Sections Repurchase Plan Details - The repurchase amount will be no less than RMB 0.85 billion and no more than RMB 1.70 billion [2]. - The funding sources for the repurchase include the company's own funds and a special loan from Shanghai Pudong Development Bank, which has committed up to RMB 1.50 billion [2][14]. - The repurchased shares will be used for employee stock ownership plans or equity incentives, and any untransferred shares within three years will be canceled [2][18]. - The maximum repurchase price is set at RMB 10.90 per share, which is 150% of the average trading price over the previous 30 trading days [2][14]. Implementation Timeline - The repurchase will be conducted through centralized bidding and is expected to be completed within 12 months from the board's approval [3][9]. - If the stock price exceeds the upper limit during the repurchase period, the plan may not be fully executed [4][22]. Shareholder Information - As of the board's decision date, there are no plans for share reductions by major shareholders, including directors and executives, in the next three to six months [3][17]. - The company has confirmed that there are no conflicts of interest or insider trading related to the repurchase plan [16]. Financial Impact - The repurchase amount, at its maximum, represents approximately 1.77% of the company's total assets and 4.69% of the net assets attributable to shareholders, indicating a low impact on financial operations [15][16]. - The repurchase is not expected to change the company's control structure or affect its listing status [16]. Regulatory Compliance - The repurchase plan has been approved by the board with the required majority and does not need shareholder approval [26]. - The company will adhere to all relevant laws and regulations throughout the repurchase process [20][21].