广东万和新电气股份有限公司风险投资管理制度 广东万和新电气股份有限公司 风险投资管理制度 第一章 总则 第一条 为规范广东万和新电气股份有限公司（以下简称"公司"）的风险 投资及相关信息披露行为，防范投资风险，强化风险控制，保护投资者的权益和 公司利益，根据《中华人民共和国证券法》（以下简称"《证券法》"）《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》等法律、法规、规范性文件以及《广东万和新电气股份有限 公司章程》（以下简称"《公司章程》"）的有关规定，制定本制度。 第二条 本制度所称的风险投资，包括证券投资、房地产投资、信托产品投 资以及深圳证券交易所认定的其他风险投资行为。其中，证券投资包括上市公司 投资境内外股票、证券投资基金等有价证券及其衍生品，以及向银行等金融机构 购买以股票、利率、汇率及其衍生品种为投资标的的理财产品。 以下情形不适用本制度： （一）固定收益类或者承诺保本的投资行为； （二）参与其他上市公司的配股或者行使优先认购权利； （三）以战略投资为目的，购买其他上市公司股份超过总股本的 10%，且 拟持有 3 年以上的证券投资； 第 ...

Group 1 - The core viewpoint is that the basic conditions for boosting consumer confidence in China are now in place, driven by economic recovery and improved household balance sheets [1][6][11] - The government is advised to moderately raise growth targets to send strong confidence signals, which could significantly impact consumer behavior [1][9][12] - The Hong Kong stock market has seen significant inflows of international capital, making it one of the best-performing markets globally since September last year [1][24] Group 2 - The recovery of household balance sheets is crucial for enhancing consumer confidence, with real estate prices being a key factor affecting household wealth [4][14][17] - The current "involution" in the domestic market stems from "soft constraints" on corporate resources, leading to irrational competition [18][20] - China has made rapid progress in basic scientific fields and is on track to become a global technology center, meeting essential conditions for technological development [21][23] Group 3 - The importance of a smooth exit mechanism for attracting long-term foreign capital is emphasized, as it is critical for investors to realize returns [5][24][25] - The government has implemented various measures to stabilize the real estate market and stimulate the economy, which have shown signs of effectiveness [11][16] - The increase in household savings and the need to convert potential consumption capacity into actual spending are highlighted as key challenges [8][13][17]

Group 1 - The core business of the company includes property development and investment, as well as hotel operation and investment holding [2] - The company aims to improve product quality and added value through technological innovation and craft improvement, focusing on diversification and new market exploration [2] - The company has ceased all panel business since December 2011, shifting its focus to hotel investment, management, and real estate project investment and development [2] Group 2 - The company plans to concentrate its real estate investments on commercial properties, hotel properties, industrial carriers, tourism real estate, and health and leisure retirement real estate [2] - The company intends to strengthen its existing hotel management business and competitiveness while introducing strategic partners to explore other related real estate services [2] - The company aims to create value for shareholders through its transformation and strategic focus on the aforementioned real estate projects [2] Group 3 - As of July 11, the company's stock price increased by 21.15% to 0.315 HKD per share, with a trading volume of 14,000 shares and a turnover of 4,289 HKD [1] - The company reported total revenue of 740 million HKD for the year ending December 31, 2024, a decrease of 2.73% year-on-year, while net profit attributable to shareholders was 56.23 million HKD, an increase of 125.46% [1] - The company's current price-to-earnings (P/E) ratio is 7.33, ranking 6th in its industry, which has an average P/E ratio of 3.58 [1]