Core Viewpoint - Debon Holdings plans to voluntarily withdraw its A-share listing on the Shanghai Stock Exchange through a shareholder resolution, with trading resuming on January 14, 2026 [1][5]. Group 1: Company Actions - Debon Holdings announced multiple resolutions on January 13, indicating the intention to withdraw its A-share listing due to strategic alignment with JD Logistics and to address competition commitments made during the acquisition by its indirect controlling shareholder, Suqian JD Zhuofeng Enterprise Management Co., Ltd. [1][4][5]. - The company will hold a special shareholder meeting on January 29, 2026, to vote on the delisting proposal, which requires approval from more than two-thirds of the voting rights held by attending shareholders [5]. Group 2: Financial Details - The cash option for dissenting shareholders will be priced at 19.00 yuan per share, while the last trading price before suspension was 14.04 yuan per share [5].

Core Viewpoint - The company plans to voluntarily withdraw its A-shares from trading on the Shanghai Stock Exchange and will apply for continued trading on the National Equities Exchange and Quotations (NEEQ) after obtaining the delisting decision from the Shanghai Stock Exchange [2] Group 1 - The decision requires approval from more than two-thirds of the valid voting rights held by shareholders present at the company's general meeting [2] - This move aims to better align with the logistics industry's development trends and to efficiently coordinate and integrate logistics resources within JD Logistics [2] - The company will maintain its independent brand and operations, and its assets, personnel, and business will not be adversely affected after the delisting [2] Group 2 - The company's stock is set to resume trading on January 14, 2026 [2]

公司终止上市后，公司的资产、人员、业务将不会受到不利影响，仍保持独立的品牌及运营。公司股 票于2026年1月14日（星期三）开市起复牌。 微信编辑 | 雨林 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 2026.01. 13 德邦股份公告，公司拟以股东会决议方式 主动撤回A股股票在上海证券交易所的上市交易，并在取 得上海证券交易所终止上市决定后申请在全国中小企业股份转让系统退市板块继续交易。 该事项尚 需经出席德邦股份股东会的全体股东所持有效表决权的三分之二以上通过。 此举是为了更好地顺应物流行业的发展趋势，更为高效、有力地统筹协调与整合京东物流体系内的物 流资源，亦考虑积极践行公司间接控股股东京东卓风于收购公司时作出的关于同业竞争的承诺。 推荐阅读 哈梅内伊喊话特朗普 r . 7 MESTING ...

在德邦发布停牌公告之后，投资者平台上出现了关于德邦股份通过资产注入、京东物流回A股等多种猜 想。针对此类猜想，相关投行业内人士表示，从监管要求、业务逻辑与行业实际来看，这些路径均不具 备可行性，主动退市是最优解。 首先，京东物流体系其他物流资产的注入无法解决核心的同业竞争问题。物流行业中，快递、快运与供 应链业务的边界并无清晰明确的界定，尤其是供应链业务涵盖仓配一体化、干线运输、末端配送等多个 环节，本质上是 "仓+快运+快递" 的融合形态。即便德邦股份与其他物流资产进行整合，仍可能认定为 与京东物流的供应链业务存在同业竞争，无法从根本上解决同业竞争，反而可能增加业务复杂度与监管 风险。 其次，京东物流回A上市或资产注入等方式不符合当前监管政策要求。全面实行注册制后，境外上市的 红筹企业申请A股主板上市需满足严格条件，京东物流的行业属性与市值规模均难以满足要求。对比各 类资本运作方式的约束条件，主动退市能够直接解决同业竞争问题，推进资源整合，是当前最具可操作 性、最能保障各方利益的路径选择。 1月13日，发布停牌公告后的德邦股份（603056.SH）宣布主动撤回A股股票上市交易。据了解，主动退 市并非偶然的资 ...

Core Viewpoint - JD Logistics (02618) announced the proposal to voluntarily withdraw Debon Holdings' shares from the Shanghai Stock Exchange, which has been approved by Debon's board of directors [1] Group 1: Withdrawal Proposal - Debon Holdings, a subsidiary of JD Logistics, plans to withdraw its shares from the Shanghai Stock Exchange, pending approval from Debon's shareholders [1][2] - Following the approval, Debon will submit an application for the withdrawal of its listing [2] Group 2: Cash Option for Shareholders - As part of the withdrawal plan, JD Logistics' subsidiary will offer a cash option to Debon shareholders at a price of RMB 19.0 per share [1] - Debon shareholders currently hold a total of 203 million shares, representing 19.99% of the total Debon shares, excluding treasury shares [1] - The estimated value of the cash option, assuming all shareholders exercise it, is approximately RMB 3.797 billion [1]

Core Insights - Jiangsu province has launched a new employment initiative called "Talent Night Market," aimed at providing job opportunities in a vibrant night market setting, enhancing the job search experience for young people [1][2] Group 1: Employment Opportunities - Over 50 employers participated in the first event, offering 2,300 job positions across various sectors including software, intelligent manufacturing, cultural tourism, hospitality, and domestic services [1] - The event attracted many young job seekers, with participants expressing satisfaction in finding job opportunities while enjoying the festive atmosphere [1][2] - Job positions available include high-end technical roles with salaries up to 450,000 yuan annually, urgent manufacturing roles, and various service positions aimed at flexible employment [2] Group 2: Event Structure and Future Plans - The "Talent Night Market" is part of a broader initiative to extend employment services beyond traditional hours, addressing the mismatch in availability between job seekers and employers [1][3] - The initiative will see regular monthly events in various public employment service locations, ensuring accessibility and sustainability of the employment service model [3] - The employment services will also include policy consultations and support for job seekers, leveraging high-traffic events and seasonal peaks to maximize outreach [3]

德邦股份公告称， 公司拟以股东会决议方式主动撤回A股股票在上海证券交易所的上市交易， 并在取得上海证券交易所终止上市决定后申请在全国 中小企业股份转让系统退市板块继续交易。 该事项尚需经出席德邦股份股东会的全体股东所持有效表决权的三分之二以上通过。根据德邦股份公告，现金选择权的提供方为京东物流运输有限 公司。现金选择权的行权价格为19.00元/股。本次现金选择权的股权登记日拟定为2026年2月6日（如有调整，由公司董事会另行公告具体调整情 况）。 此举是为了更好地顺应物流行业的发展趋势，更为高效、有力地统筹协调与整合京东物流体系内的物流资源，亦考虑积极践行公司间接控股股东京 东卓风于收购公司时作出的关于同业竞争的承诺。 公司终止上市后，公司的资产、人员、业务将不会受到不利影响，仍保持独立的品牌及运营。公司股票于2026年1月14日（星期三）开市起复牌。 ...

Core Viewpoint - The company, Debang, announced its decision to voluntarily withdraw its A-shares from trading on the Shanghai Stock Exchange and will apply for continued trading on the National Equities Exchange and Quotations (NEEQ) after obtaining the delisting decision from the Shanghai Stock Exchange. This move is aimed at better aligning with the logistics industry's development trends and effectively coordinating resources within the JD Logistics system [1]. Group 1 - The decision to withdraw A-shares was proposed by the indirect controlling shareholder, Suqian JD Zhuofeng Enterprise Management Co., Ltd. [1] - The company's board of directors has approved the proposal to withdraw from the Shanghai Stock Exchange [1]. - The withdrawal is part of a commitment made by JD Zhuofeng during the acquisition of Debang Logistics to address issues of industry competition [1].

德邦股份1月13日公告，为了更好地顺应物流行业的发展趋势，更为高效、有力地统筹协调与整合京东 物流体系内的物流资源，亦考虑积极践行公司间接控股股东京东卓风于收购公司时作出的关于同业竞争 的承诺，根据《股票上市规则》等相关法律、法规及规范性文件的规定，经京东卓风提议，并经公司董 事会审议通过，公司拟以股东会决议方式主动撤回A股股票在上海证券交易所的上市交易，并在取得上 海证券交易所终止上市决定后申请在全国中小企业股份转让系统退市板块继续交易。公司终止上市后， 资产、人员、业务将不会受到不利影响，仍保持独立的品牌及运营。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 JD Logistics, Inc. 京東物流股份有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2618） 須予披露的交易 擬主動撤回德邦股份於上海證券交易所的上市交易及 擬向德邦股東提供現金選擇權 2026年1月13日，宿遷京東卓風（本公司全資子公司，亦為德邦的間接控股股東）已提 議，並經德邦董事會批准，德邦擬透過德邦股東會批准的方式，主動撤回德邦股份於 上海證券交易所的上市交易。 為保障德邦股東的利益，作為擬撤回上市方案的一部分，買方（本公司的全資子公司） 將在獲得德邦的股東批准後，立即向德邦股東發出擬現金選擇權，以每股人民幣19.0 元的價格收購德邦目標股份（即德邦所有剩餘股份，不包括本集團及其一致行動人已 擁有的股份及德邦註銷股份）。截至本公告日，德邦股東合計持有202,782,159股德邦股 份（不包括德邦庫存股）（佔19.99%的總德邦股份（不包括德邦庫存股）。不包括德邦註銷 股份 ...