Group 1 - The core viewpoint of the article highlights that the company, Zhihong Home (志邦家居), is currently not engaged in the Vietnamese real estate market despite the high demand for housing in the region [1] - The company's overseas business is primarily focused on regions such as the Middle East, Australia, North America, and Southeast Asia, indicating a diverse international presence [1] - The company expresses gratitude for the investor's inquiry regarding potential business opportunities in Vietnam and indicates a willingness to explore and advance in this market in the future [1]

Capital Market Highlights - "China's Nvidia," Moore Threads, will be listed on the STAR Market on December 5, with Muxi Co.'s IPO subscription starting the same day at a price of 104.66 yuan, aiming to raise 3.899 billion yuan [2] - JPMorgan upgraded its rating on Chinese stocks from "neutral" to "overweight," stating that the risk of a significant rise in the Chinese stock market by 2026 is much higher than the risk of a significant decline, with a projected 19% upside for the MSCI China Index under base case scenarios [2] - The China Securities Regulatory Commission disclosed that companies like Shichuangyi, Shurui Robotics, and Niushidate have initiated A-share IPO counseling, all categorized as hard technology enterprises [2] Key Industry Sectors - In embodied intelligence, Tesla released a video of its Optimus humanoid robot running, achieving a personal best; Yushu published a new video verifying the reliability of its machine, with H2 performing a combat test against G2 [4] - In commercial aerospace, the Zhuque-3 reusable launch vehicle was launched into orbit, but the recovery test failed [4] - In the chip sector, Amazon's cloud division plans to launch its latest AI chip, Trainium3, claiming it provides computational power for AI models at a lower cost and higher efficiency compared to Nvidia's GPUs [4] Company Updates - The price of Feitian Moutai has dropped to 1,399 yuan, falling below the official guidance price [5] - JPMorgan increased its stake in Vanke's H-shares from 4.72% on November 27 to 5.23%, while Blackstone's holding rose from 4.83% to 5.45% [5] - Guizhou Bailing's actual controller is under investigation for insider trading, information disclosure violations, and transferring stocks in violation of restrictions [5] - Lens Technology is collaborating with several leading domestic and international clients to develop various AI edge hardware devices, including glasses, watches, wristbands, rings, and desktop models [5] - Microchip Technology, a wholly-owned subsidiary of Saiwei Electronics, plans to participate in establishing Chuxin Micro Technology [5] - Zhongshi Technology intends to acquire a 51% stake in Zhongshi Xun Cold to enhance its liquid cooling business ecosystem [5]

Group 1: Institutional Insights and Market Analysis - Foreign institutions have conducted over 9,000 investigations into A-share listed companies this year, signaling a positive outlook on Chinese assets [1][4] - Notable foreign institutions such as Point72 Asset Management and Goldman Sachs are leading in research frequency, focusing on technology innovation and high-end manufacturing as key sectors [1][4] Group 2: External Markets and Related Assets - On Wednesday, US stock indices closed higher, with the Dow Jones up 0.86%, Nasdaq up 0.17%, and S&P 500 up 0.30%; Tesla rose over 4% and Oracle over 3%, while Microsoft fell over 2% and Nvidia dropped 1% [2][5] - The Nasdaq China Golden Dragon Index fell 1.37%, with significant declines in stocks such as Aters down 9.38%, Haitian Network down 7.98%, Jinko Solar down 5.67%, and NIO down 4.97% [2][5] - In commodities, Shanghai tin futures rose 3.59% to 320,440 CNY/ton, the highest since April 2022, while LME three-month tin also increased by 4.21% to 40,685 USD/ton [2][5] Group 3: Important Announcements from Listed Companies - On December 3, Zhihong Home disclosed its shareholding increase; concurrently, 15 A-share listed companies, including Tengjing Technology, Dongfang Electric, and Shanxi Fenjiu, announced shareholding reduction plans [3][6]

Group 1 - The core point of the article highlights the stock buyback plan of Zhigang Home, which intends to repurchase shares worth between 80 million to 110 million yuan [2] - A total of 15 A-share listed companies disclosed share reduction plans, including Tengjing Technology, Dongfang Electric, and Shanxi Fenjiu, among others [1][4] Group 2 - Tengjing Technology's shareholders plan to reduce their holdings by no more than 1.96% of the company's shares [6] - Dongfang Electric's shareholders intend to collectively reduce their holdings by no more than 30,000 shares [6] - Shanxi Fenjiu's second-largest shareholder has already reduced their holdings by 1.33% [6] - The controlling shareholder of Weihui Bo plans to reduce their holdings by no more than 2.99% [6] - Baiwei Storage's second-largest shareholder, the National Fund Phase II, recently reduced their holdings by 464,600 shares [6] - Anfu Technology's shareholder Qin Daqian plans to reduce their holdings by no more than 1.00% [6] - Yinbang Co., Ltd. saw its shareholder Wuxi Xinbang Technology reduce 3% of its shares [6] - Guobo Electronics' shareholder China Electronics Technology Group reduced 2.608 million shares from November 27 to December 3 [6] - Jianlang Hardware's director Bai Baoping plans to reduce their holdings by no more than 0.86% [6] - Tengda Technology's shareholder Tengzhong Investment plans to reduce their holdings by no more than 0.80% [6] - Tianshan Aluminum's actual controllers plan to collectively reduce their holdings by no more than 1% [6] - Bangjie Co., Ltd.'s shareholder Suzhou Qinghao plans to reduce their holdings by no more than 0.87% [6] - Nengmao Dairy's shareholder Tai'an Baosheng Investment Partnership plans to reduce their holdings by no more than 0.2419% [6] - Del Shares' shareholder Wuxu No. 15 Fund plans to reduce their holdings by no more than 2.98% [6] - Huakai Yibai's shareholders plan to collectively reduce their holdings by 2.94% [6]

每经AI快讯，志邦家居12月3日公告，拟以集中竞价方式回购公司股份，回购总金额不低于人民币8,000 万元且不超过人民币11,000万元。回购价格不超过人民币14.13元/股。 （文章来源：每日经济新闻） ...

志邦家居股份有限公司 第四条 公司董事会是信息对外报送的最高管理机构，公司董事会秘书负责 信息对外报送的监管工作，公司证券部负责协助董事会秘书做好信息对外报送的 日常管理工作，公司各归口单位或相关人员应按照本制度规定履行信息对外报送 程序。 第二章 对外信息报送的管理和流程 第五条 公司的董事、高级管理人员及其他相关涉密人员应当遵守信息披露 内控制度的要求，对公司定期报告、重大事项等信息履行必要的传递、审核和披 露流程。 外部信息使用人管理制度 （2025 年 12 月） 第一章 总 则 第一条 为了规范志邦家居股份有限公司（以下简称"公司"）在定期报告及 重大事项编制、审议和披露期间，公司外部信息的报送和使用管理，根据《中华 人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《上 海证券交易所股票上市规则》等有关法律、法规、规范性文件以及《志邦家居股 份有限公司章程》（以下简称"《公司章程》"）、公司《信息披露事务管理制度》 的有关规定，结合公司实际情况，制定本制度。 第二条 本制度适用于包括公司及其各部门、全资及控股子公司以及公司的 董事、高级管理人员和其他相关人员，公司对外报送信息涉 ...

志邦家居股份有限公司 特定对象来访接待管理制度 （2025 年 12 月） 第一条 为贯彻证券市场公开、公平、公正原则，规范志邦家居股份有限公 司（以下简称"公司"）特定对象来访接待的行为和管理，加强公司与外界的交 流和沟通，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司信息披露管理办法》《上海证券交易所股票上市规则》《上海证券交易所自律 监管指引第 1 号——规范运作》等法律、法规和规范性文件及《志邦家居股份有 限公司章程》（以下简称"《公司章程》"）的有关规定，结合公司具体情况， 特制定本制度。 第二条 本制度所述的特定对象来访接待工作是指公司通过接受投资者调研、 现场参观、分析师会议和路演、新闻采访等活动，加强与投资者及潜在投资者之 间的沟通，增进投资者对公司了解和认同的工作。 第三条 制定本制度的目的是：规范公司特定对象来访接待的行为，在公司 接受调研、沟通、采访等活动时，增加公司信息披露透明度及公平性，改善公司 治理，促进公司与投资者之间的良性关系，增进外界对公司的进一步了解和认知。 第四条 本制度所称特定对象是指比一般中小投资者更容易接触到信息披露 主体和更具信息优势，可能利用未 ...

志邦家居股份有限公司 内部控制制度 （2025年12月） 第一章 总 则 第一条 为了加强和规范志邦家居股份有限公司（以下简称"公司"）内部控 制管理，提升经营效果和盈利水平，增强财务信息可靠性，维护公司资产安全，防 范和化解各类风险，提升公司经营管理水平，保证国家法律法规切实得到遵守，根据 《中华人民共和国公司法》《企业内部控制基本规范》《上海证券交易所上市公司自 律监管指引第1号——规范运作》等法律、行政法规、部门规章及《志邦家居股份有限 公司章程》（以下简称"《公司章程》"）的有关规定，结合本公司实际，制定本制 度。 第二条 内部控制是指由公司董事会、经营管理层和全体员工实施的、为实现 内部控制目标而提供合理保证的过程。 第三条 公司内部控制的目标： （一）确保国家有关法律法规和公司内部规章、制度的贯彻执行； （二）提高公司经营效率和效果，提升风险防范和控制能力，促进实现公司发 展战略； （三）保障公司资产安全，提升管理水平，增进对公司股东的回报； （四）确保财务报告及相关信息披露真实、准确、完整、及时和公平。 第四条 公司董事会负责公司内部控制制度的制定、实施和完善，并定期对内 部控制的有效性进行全面 ...

关于志邦家居股份有限公司 部分募投项目延期及调整部分募投项目内部投资结构的核查意见 国元证券股份有限公司（以下简称"国元证券"或"保荐人"）作为志邦家 居股份有限公司（以下简称"志邦家居"或"公司"）向不特定对象发行可转债 持续督导阶段的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券 交易所股票上市规则》《上市公司监管指引第 2 号——上市公司募集资金管理和 使用的监管要求》和《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》等有关规定，对志邦家居部分募投项目延期及调整部分募投项目内部投资结 构的事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意志邦家居股份有限公司向不特定对象 发行可转换公司债券注册的批复》（证监许可〔2025〕233 号）同意注册，并经 上海证券交易所同意，公司向不特定对象发行可转换公司债券 6,700,000 张，每 张面值为人民币 100 元，募集资金总额为人民币 670,000,000.00 元，扣除不含税 发行费用合计人民币 7,656,132.08 元，实际募集资金净额为人民币 662,343,867.92 元。该募集资 ...

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 累计担保情况 | 对外担保逾期的累计金额（万元） 0 | | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 150,000 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 44.13 | | 特别风险提示（如有请勾选） | □对外担保总额超过最近一期经审计净资产 100% □担保金额超过上市公司最近一期经审计净 | | | 资产 50% | | | □对合并报表外单位担保金额达到或超过最 | | | 近一期经审计净资产 30%的情况下 | | | 70%的单位提供担保 ☑对资产负债率超过 | | 其他风险提示（如有） | 无 | 一、担保情况概述 （一）担保的基本情况 为满足安徽志邦国际贸易有限公司（以下简称"志邦贸易"）日常经营及业 务发展需要，在确保规范运作和风险可控的前提下，志邦家居股份有限公司（以 下简称"公司"）拟为全资子公 ...