Special Reminder:
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Due to Tianmao Group's intention to adjust its business structure and facing significant uncertainties that may have a major impact on the company, Tianmao Group plans to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange through a shareholder resolution. After the stock is delisted, the company will apply for transfer to the delisting section managed by the National Small and Medium Enterprises Share Transfer System Co., Ltd.
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To fully protect the interests of investors, the company will initiate a protection mechanism for dissenting shareholders and other shareholders. Jingmen Weituo Hongcheng Management Partnership (Limited Partnership) will provide cash options to all A-share shareholders registered on the cash option record date, excluding Xinyi Group, Wang Wei, and Liu Yiqian (limited sale or rights-restricted shares are excluded).
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The company's stock (abbreviated as *ST Tianmao, stock code: 000627) has been continuously suspended from trading since the market opened on August 14, 2025. This voluntary termination of the company's stock listing has been approved by the company's first extraordinary general meeting of shareholders in 2025. The company will submit an application for voluntary termination of listing to the Shenzhen Stock Exchange within fifteen trading days after the shareholder meeting makes the termination resolution. The company's stock will enter the cash option distribution, exercise declaration, and settlement phase and will no longer be traded. Investors are advised to pay attention to investment risks. Eligible A-share shareholders will receive one cash option right for each share they hold, and they may declare to exercise the cash option during the declaration period at the exercise price of 1.60 yuan per share. The company and all members of the board guarantee the authenticity, accuracy, and completeness of the announcement, with no false records, misleading statements, or significant omissions.
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Shareholders declaring cash options cannot declare options for shares that are limited in sale, frozen, pledged, or otherwise restricted. The maximum number of shares a shareholder can declare is limited to the number of shares held in their account that are not subject to restrictions as of the close of trading on the cash option record date. If shares declared for cash options become restricted, frozen, pledged, or subject to third-party rights after the declaration, the cash option declaration for those shares will be invalidated.
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Investors holding Tianmao Group stock through margin accounts and needing to declare cash options must transfer the corresponding shares from their margin accounts to their regular securities accounts no later than the cash option record date. On the cash option distribution date, the corresponding cash options will be distributed to the investor's securities account, and investors must declare their cash option exercise through their securities accounts on the declaration date. Investors engaged in repurchase agreements must complete early repurchase procedures no later than the trading day before the cash option record date. Investors participating in stock pledge repurchase transactions must also complete early repurchase procedures by the cash option record date. After the company's stock enters the delisting section, investors in the Shenzhen Stock Connect may be unable to transfer their stocks, and they are advised to pay attention to investment risks.
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Shareholders entitled to cash options may declare to exercise their options during the declaration period (specific dates to be announced) from 9:30 AM to 11:30 AM and from 1:00 PM to 3:00 PM, based on the cash option exercise price, transferring their shares to the cash option provider, Jingmen Weituo Hongcheng Management Partnership (Limited Partnership). If eligible A-share shareholders do not declare or effectively declare their cash options during the declaration period, they will not receive the corresponding cash compensation.