广东明珠集团股份有限公司重大资产重组业绩承诺补偿事项圆满完成
2026年5月，西部证券股份有限公司作为独立财务顾问，对广东明珠集团股份有限公司（以下简称“广东明珠”）实际控制人业绩承诺补偿事项的履行情况进行了全面核查，并出具了核查意见。此次业绩补偿的顺利完成，对于公司治理、投资者信心以及未来股价均可能产生重要影响。
一、事件背景及关键内容
- 广东明珠于2021年12月完成了重大资产重组，交易相关方针对重组标的作出了2022-2025年度的业绩承诺。
- 但重组标的在2022-2025年度内未能实现业绩承诺。
- 根据实际控制人张坚力签署的《业绩承诺补偿协议》及补充协议，需向公司支付业绩承诺补偿款共计人民币475,922,900.00元。
- 相关详情已于2026年4月22日对外公告。
二、业绩承诺补偿的履行方式及进展
- 通过现金分红偿付补偿款：
- 公司控股股东及一致行动人的2022-2025年度现金分红（含利息）共计268,685,143.96元，被专项用于偿付业绩承诺补偿款。
- 具体包括：2022-2024年度及2025年前三季度分红本金217,714,332.50元，加留质期间利息6,598,146.87元，共计224,312,479.37元已于2026年5月20日划转至公司账户。
- 2025年度现金分红44,372,664.59元，于2026年5月22日划转至公司账户。
- 通过减持公司股份偿付补偿款：
- 实际控制人张坚力为履约，通过其控制的兴宁市众益福、兴宁市金顺安两家公司减持股份，获得资金207,237,756.04元用于补偿。
- 具体进账情况包括：2026年5月20日收到65,000,000元，5月22日分别收到兴宁金顺安132,000,000元及兴宁众益福10,237,756.04元。
三、独立财务顾问核查结论
- 截至本核查意见出具日，广东明珠已收到全部应付业绩承诺补偿款475,922,900.00元，实际控制人已按协议约定全部履行补偿义务。
四、对投资者和股东的重要提示及潜在影响
- 本次业绩承诺补偿的完成，体现了公司控股股东及实际控制人履约能力，有助于提升公司治理水平和投资者信心。
- 补偿资金的到位将直接补充公司现金流，提升公司资产质量，减少因业绩承诺未达标可能引发的财务和信任风险。
- 控股股东及其一致行动人通过减持股份筹措补偿款，可能导致公司控股权结构变化，投资者需关注相关持股比例变动及后续公司治理动态。
- 业绩补偿事项的完成消除了历史遗留的业绩承诺风险，有助于股价稳定及提升公司长期价值。
五、结论
广东明珠实际控制人及控股股东已全部履行业绩承诺补偿责任，相关款项全部到账。此次重大事项的圆满解决，有望提升公司估值及市场信心，相关进展值得投资者高度关注。
免责声明：本文基于广东明珠集团股份有限公司及西部证券公开披露材料整理，仅作信息披露与市场解读之用，不构成任何投资建议。投资有风险，敬请投资者理性决策。
ENGLISH VERSION
Guangdong Mingzhu Group: Performance Compensation for Major Asset Restructuring Fully Settled—Potential Market Implications
In May 2026, Western Securities Co., Ltd., as the independent financial advisor, completed a comprehensive review of the performance commitment compensation fulfillment by the actual controller of Guangdong Mingzhu Group Co., Ltd. (“Guangdong Mingzhu”). The successful settlement of the compensation obligations could have a significant impact on corporate governance, investor confidence, and potentially the company’s share price.
1. Background and Key Points
- Guangdong Mingzhu completed a major asset restructuring in December 2021, with performance commitments pledged by transaction parties for the years 2022-2025.
- The targets failed to achieve the committed performance for 2022-2025.
- According to the “Performance Commitment Compensation Agreement” and its supplement signed by actual controller Zhang Jianli, a total compensation of RMB 475,922,900.00 needed to be paid to the company.
- Relevant details were publicly disclosed on April 22, 2026.
2. Performance Compensation Fulfillment and Progress
- Settlement via Cash Dividends:
- Controlling shareholders and concerted parties used cash dividends from 2022-2025 (including interest) totaling RMB 268,685,143.96 to compensate the company.
- Specifically, RMB 217,714,332.50 in principal and RMB 6,598,146.87 in interest (totaling RMB 224,312,479.37) were transferred to the company account on May 20, 2026.
- RMB 44,372,664.59 from 2025 dividends was transferred on May 22, 2026.
- Settlement via Share Reductions:
- Actual controller Zhang Jianli, via holding companies Xingning Zhongyifu and Xingning Jinshunan, sold company shares to raise RMB 207,237,756.04 for compensation.
- Key payments included RMB 65,000,000 on May 20, 2026, and RMB 132,000,000 plus RMB 10,237,756.04 on May 22, 2026.
3. Financial Advisor’s Conclusion
- As of the issuing date of this report, Guangdong Mingzhu has received the full compensation amount (RMB 475,922,900.00); the actual controller has fully fulfilled all obligations per the agreements.
4. Key Shareholder Information and Price-Sensitive Implications
- This settlement demonstrates the controlling shareholders’ commitment, improving governance and market trust.
- The inflow of compensation funds directly strengthens the company’s cash flow and asset quality, mitigating prior risks.
- However, share reductions by controlling shareholders may alter the company’s control structure—investors should monitor subsequent changes in ownership and governance.
- The completion of compensation removes legacy risks, potentially stabilizing and boosting the company’s share price and long-term value.
5. Conclusion
Guangdong Mingzhu’s actual controller and controlling shareholders have fulfilled all performance compensation obligations, with all funds received. This significant development may enhance company valuation and investor sentiment. Investors should pay close attention to ongoing changes.
Disclaimer: This article is prepared based on public disclosures from Guangdong Mingzhu Group Co., Ltd. and Western Securities. It is for information and market interpretation purposes only, and does not constitute investment advice. Investment involves risks; please make decisions prudently.
