上海小南国2025中期报告

2025 4 17 2-12242401B 547111112-1114 Cricket Square, Hutchins DrivePO Box 2681, Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands 183171712-1716 111302-31802 Conyers Dill & PearmanCricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands 181151503 03666 www.xngholdings.com Emailir@xngholdings.com 123 101.8101.80.02182.480.644.2%65.7119.053.344.7%18.311.1 151(ii) (i)(ii)(iii)(iv)Wolfgang Puck(v)(Wolfgang Puck) 182.480.6101.844.2% 179.677.8101.843.3% •23.8•54.0 63.427.336.143.1% 34.8%35.4% 1.71.20.5 125.850.974.940.5% 65.125.639.535.7%38.8% 10.82.48.422.2%5.9%8.3% 32.214.817.446.0%17.7%17.1% 17.07.69.444.7% 2.30.52.80.9 2.51.7 1.00.960.04 29.411.118.316.1%17.9% 10.0449.9% 17.322.61.18.4 22.65.317.3 7.37.9 26.127.4(i)1.2(ii)8.111.417.84.5 VBG Capital Limited0.02442,606,2000.01960.024442,606,000442,606,0004,426,0608.7 3.04.2 181 44.844.0%72.1 1. 3434 18,253,000218,643,000169,604,0001,061,000 (i) (ii) (iii) (iv) (v) 1. (i) (ii) (iii) (iv) (v) 2. 21 3. 4. (a)Wolfgang Puck 10% 5. 6. 7. 8. 16.5% 6 9. 10. 11. 12. 452,000127,000452,000127,000 4,295,000 7,287,0008,924,0007,287,0008,924,000 13. 14. 15. 11,400,00015,000,0009,000,0005,000,0009,000,0003.90%4.20%1 16. (i):442,606,0000.028,248,0004,118,0004,130,000 17. (1) 147,500,00010% 1%0.991.291.4911.31.5 17. (1) 1,482,0001,764,000 18. 1 19. 20. i.Baixuan Tiffany Wang 1% 20. 21. ••• 21. 915,0005,165,000 13.51B(1) XV78XV352C3 (1)L(2)110,651,500(3)2,655,637,000 XV352 XV23 (3)ESSEIVA AlainHEER Dominik Philipp53.34%40.60% Alpadis Trust (HK) Limited (5)TEO Wei LeeESSEIVA AlainTEOESSEIVA Alain (6)167,887,000Sunshine Property I LimitedShining (BVI) LimitedShining (BVI) LimitedShining Capital Management Limited 50%50%Elite Converge LimitedEliteConverge LimitedShining Capital Management LimitedShining Capital Holdings L.P.ShiningCapital Holdings L.P.Sunshine Property I LimitedElite Converge LimitedShining (BVI) LimitedShining Capital Management LimitedShining Capital Holdings L.P.Sunshine PropertyI Limited (8)2,655,637,000 336 147,500,00010%(i)(ii)(iii) 1% C1 C3 25%