Core Viewpoint - Dongmu New Materials Group Co., Ltd. plans to issue shares and pay cash to acquire a 34.75% stake in Shanghai Fuchi High-Tech Co., Ltd. and raise matching funds through the issuance of shares to no more than 35 specific investors [1][12]. Transaction Overview - The transaction involves issuing shares and paying cash to acquire assets, specifically the 34.75% equity of Shanghai Fuchi [10][11]. - The total amount of matching funds raised will not exceed 100% of the transaction price for the asset acquisition [12]. - The transaction is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [3][12]. Financial Impact - The estimated transaction price for the 34.75% stake in Shanghai Fuchi is approximately 73.46 million yuan, based on an assessed value of 193.8 million yuan for 100% of the equity, reflecting a 105.44% increase [11][12]. - After the transaction, the total share capital of the company will increase from 616,383,477 shares to 653,675,737 shares, assuming the issuance of 37,292,260 new shares [13][14]. Strategic Importance - The acquisition is expected to enhance the company's core competitiveness in the MIM (Metal Injection Molding) business, leveraging synergies between powder metallurgy technologies [12][13]. - The transaction aligns with the company's strategy to focus on high-quality development and provide optimal material solutions for new energy and high-end manufacturing [12][13]. Shareholder Commitments - Major shareholders, including Mu Metal and Ningbo Jinguang, have expressed their principle support for the transaction, indicating it aligns with legal requirements and benefits the company and its shareholders [18]. - Shareholders have committed not to reduce their holdings during the transaction process [18]. Investor Protection Measures - The company will adhere to strict information disclosure obligations to protect the rights of investors, particularly minority shareholders [19]. - The transaction will follow fair and transparent procedures, ensuring that related party transactions are approved in compliance with regulations [19].

Audit Opinion - The audit report states that the financial statements of Shanghai Fuchi High-Tech Co., Ltd. fairly reflect its financial position and performance as of December 31, 2023, December 31, 2024, and June 30, 2025 [2]. Financial Performance - In 2023, Shanghai Fuchi's operating revenue was approximately RMB 1,035.73 million, with MIM, liquid metal, and plastic products contributing about RMB 959.32 million, accounting for 92.62% of total revenue [3]. - For 2024, the operating revenue increased to approximately RMB 1,977.44 million, with the same product categories contributing RMB 1,889.06 million, representing 95.53% of total revenue [3]. - In the first half of 2025, the company reported operating revenue of RMB 1,035.73 million [3]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to the inherent risk of management potentially using inappropriate revenue recognition practices to meet specific targets [3][4]. - Accounts receivable impairment is also a key audit matter, with accounts receivable balances of RMB 672.13 million and RMB 666.34 million as of December 31, 2023, and June 30, 2025, respectively, and provisions for bad debts of RMB 33.73 million and RMB 33.47 million [5]. Management Responsibilities - Management is responsible for preparing financial statements in accordance with accounting standards and ensuring that internal controls are designed and maintained to prevent material misstatements due to fraud or error [6]. - The governance layer is tasked with overseeing the financial reporting process of Shanghai Fuchi [6]. Accounting Policies - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations in the next 12 months [10]. - The company follows specific accounting policies for financial instruments, inventory, fixed assets depreciation, and revenue recognition, ensuring compliance with accounting standards [10][27].

证券代码：600114 股票简称：东睦股份 编号：2025-081 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 关于发行股份及支付现金购买资产并募集 配套资金暨关联交易报告书（草案） 修订的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担个别及连带责任。 东睦新材料集团股份有限公司（以下简称"公司"）拟发行股份及支 付现金购买上海富驰高科技股份有限公司34.75%股权并募集配套资金（以 下简称"本次交易"）。公司目前已完成以2025年6月30日为审计基准日 的加期审计及文件更新补充工作，根据《上市公司重大资产重组管理办 法》《公开发行证券的公司信息披露内容与格式准则第26号——上市公司 重大资产重组》等相关法律法规相关要求，公司对《东睦新材料集团股份 有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书 （草案）（修订稿）》（以下简称"重组报告书"）进行了补充和修订。 修订后的重组报告书全文及摘要的具体内容，详见公司于2025年8月22日 在上海证券交易所网站 ...

Core Viewpoint - Dongmu New Materials Group Co., Ltd. plans to acquire 34.75% equity of its subsidiary Shanghai Fuchi High-Tech Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds from no more than 35 specific investors [1] Group 1: Impact on Earnings - The transaction is expected to have a minimal impact on the company's operating income and net profit, with projected diluted earnings per share increasing by 15.31% to 0.48 yuan per share post-transaction [2] - The company's operating income and net profit are projected to remain stable, indicating an enhancement in profitability and sustainable operational capacity [2] Group 2: Measures to Mitigate Dilution - The company has established a comprehensive internal control management system to ensure orderly business operations and will continue to optimize management processes post-transaction [3] - A temporary shareholders' meeting was held to approve the cancellation of the supervisory board, transferring its powers to the audit committee of the board [3][4] - The company emphasizes a governance structure that ensures clear responsibilities and checks and balances among the shareholders, board, and management [4] Group 3: Commitments from Stakeholders - Major shareholders and all directors and senior management have made commitments to not interfere with the company's management and to protect shareholder interests [5] - Specific commitments include maintaining fair practices, ensuring that personal consumption does not misuse company assets, and linking compensation structures to the execution of measures to mitigate dilution [6][7]

证券代码：600114 股票简称：东睦股份 编号：2025-080 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 关于签署有关补充协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担个别及连带责任。 东睦新材料集团股份有限公司（以下简称"公司"）拟通过发行股份 及支付现金的方式向钟伟、上海创精投资咨询合伙企业（有限合伙）、宁 波华莞企业管理合伙企业（有限合伙）、宁波富精企业管理合伙企业（有 限合伙）、深圳市远致星火私募股权投资基金合伙企业（有限合伙）（以 下简称"投资人"）等5名交易对方购买其合计持有的上海富驰高科技股 份有限公司（以下简称"上海富驰"或"目标公司"）34.75%股份，目前 该事项尚在推进中。 为保证本次交易有关事宜的有序、高效推进，也为进一步明确各自的 权利义务，公司于2025年8月21日与远致星火私募股权投资基金合伙企业 （有限合伙）等交易对方签署了《关于上海富驰高科技股份有限公司之股 东协议的补充协议（二）》，与钟伟、上海创精投资咨询合伙企业（有限 合伙） ...

Core Viewpoint - Dongmu New Materials Group Co., Ltd. plans to issue shares and pay cash to acquire 34.75% equity in Shanghai Fuchi High-Tech Co., Ltd. and raise supporting funds through a private placement to no more than 35 specific investors [1][11]. Transaction Overview - The transaction involves issuing shares and paying cash to acquire assets, specifically the 34.75% equity in Shanghai Fuchi High-Tech Co., Ltd. [11][18]. - The total amount of supporting funds to be raised will not exceed 100% of the transaction price for the asset acquisition [14]. Financial Details - The transaction price for the 34.75% equity is set at approximately 73,462.54 million yuan, based on an evaluation that indicates a 105.44% increase in value [11][18]. - The company plans to use 34.10% of the raised funds (approximately 18,680.21 million yuan) for cash compensation related to the acquisition and 65.90% (approximately 36,102.12 million yuan) for the technical transformation and production line expansion of high-strength lightweight MIM parts [14]. Impact on Business Operations - The acquisition is expected to enhance the strategic position of the MIM business within the company, leveraging the complementary nature of powder metallurgy technologies [18]. - Post-transaction, the company will hold 99% of the equity in the target company, which is anticipated to strengthen its core competitiveness and open up new growth opportunities [18]. Share Structure Changes - Following the transaction, the total share capital of the company will increase from 616,383,477 shares to 653,675,737 shares, reflecting the issuance of approximately 37,292,260 new shares [18].

Company Overview - Dongmu New Materials Group Co., Ltd. was established on August 21, 2001, and is headquartered in Ningbo, Zhejiang Province, China. The company operates in the powder metallurgy industry, focusing on the research, production, and sales of powder metallurgy products, magnetic materials, and related technical consulting services [2][3]. - The company has a registered capital of 616,383,477 shares and is listed on the Shanghai Stock Exchange since May 11, 2004 [2]. Major Asset Restructuring Plan - The company plans to acquire a 34.75% stake in Shanghai Fuchi High-Tech Co., Ltd. through a combination of issuing shares and cash payments. The transaction involves five parties, including Shenzhen Yuanzhi Xinghuo Private Equity Investment Fund and others [3][4]. - The total transaction price for the stake is approximately 734.63 million RMB, with the cash portion accounting for 18.68 million RMB (34.10%) and the remaining 36.10 million RMB (65.90%) allocated for technology upgrades and production line enhancements [4]. Financial Reporting Basis - The pro forma consolidated financial statements are prepared in accordance with the relevant regulations of the China Securities Regulatory Commission regarding major asset restructuring [5]. - The financial statements reflect the company's financial position and operating results as of January 1, 2024, following the completion of the restructuring transaction [5][6]. Important Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately represent its financial condition, operating results, and cash flows [6][7]. - The accounting period for the financial statements is from January 1, 2024, to June 30, 2025, with a focus on a 12-month operating cycle for asset and liability liquidity classification [6][8]. Financial Instruments and Risk Management - The company classifies financial assets into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss [9][10]. - The company assesses expected credit losses based on historical data and current economic conditions, applying a simplified approach for certain receivables [15][16].

Core Viewpoint - The transaction involves issuing shares and cash to acquire assets and raise supporting funds, with the aim of increasing the company's stake in Shanghai Fuchi from 64.25% to 99% [2][3]. Group 1: Transaction Overview - The transaction consists of two parts: issuing shares and paying cash to purchase assets, and raising supporting funds, which is contingent on the successful implementation of the asset purchase [2]. - The company plans to acquire a total of 34.75% equity in Shanghai Fuchi from five counterparties [2]. Group 2: Financial Impact - According to the preliminary review report by Tianjian Accounting Firm, the transaction is expected to maintain stable operating revenue and net profit, with an increase in net profit attributable to shareholders and earnings per share [5][6]. - The financial indicators before and after the transaction show minimal changes, indicating stability in revenue and profit margins [4][5]. Group 3: Measures to Mitigate Dilution Risk - The company has established a comprehensive internal control management system to ensure orderly operations and will continue to optimize management processes post-transaction [6][7]. - The company has committed to a sustainable and stable profit distribution policy to protect shareholder interests and enhance investor returns [8]. Group 4: Commitments from Major Stakeholders - Major shareholders, directors, and senior management have made commitments to avoid actions that could dilute immediate returns and to uphold the company's interests [9][10]. - These commitments include adherence to regulatory requirements and a promise to take responsibility for any losses incurred due to non-compliance [10][11]. Group 5: Independent Financial Advisor's Opinion - The independent financial advisor concludes that the transaction does not pose a risk of immediate return dilution, and the measures taken by the company align with regulatory guidelines aimed at protecting minority investors [11][12].

Overview of the Transaction - The transaction involves issuing shares and paying cash to acquire 34.75% equity in Shanghai Fuchi High-Tech Co., Ltd. from five counterparties, including Yuanzhi Xinghuo and Zhong Wei [8][11] - The transaction aims to enhance the company's capabilities in powder metallurgy and new material solutions, aligning with its strategic focus on high-quality development [11][15] Financial Details - The total transaction price for the acquisition is approximately 73,462.54 million RMB, with an estimated value increase of 105.44% based on the assessment [8][11] - The company plans to raise up to 54,782.33 million RMB in supporting funds, with 34.10% allocated for cash payment and 65.90% for technology upgrades and production line enhancements [10][11] Impact on Company Structure - Post-transaction, the company's total share capital will increase from 616,383,477 shares to 653,675,737 shares, with the issuance of 37,292,260 new shares [11][13] - The transaction will not alter the control structure of the company, which remains without a controlling shareholder [13][15] Strategic Benefits - The acquisition is expected to strengthen the company's core competitiveness by integrating the technologies of powder metallurgy and metal injection molding, enhancing its market position in the new materials sector [11][14] - The company anticipates improved financial metrics, including an increase in earnings per share from 0.64 RMB to 0.70 RMB for the fiscal year 2024 [18][20] Shareholder Commitments - Major shareholders, including Mu Metal and Ningbo Jinguang, have expressed their support for the transaction, emphasizing its alignment with legal requirements and benefits for the company's sustainability [15][20] - Shareholders and management have committed to not reducing their holdings during the transaction process, ensuring stability [15][20]

Core Viewpoint - The document outlines the legal opinions regarding the issuance of shares and cash payment for asset acquisition by Dongmu New Materials Group Co., Ltd, including the necessary approvals and the status of the transaction [2][3][7]. Group 1: Transaction Overview - Dongmu New Materials Group Co., Ltd is engaged in a transaction involving the issuance of shares and cash payment to acquire assets and raise supporting funds [2][3]. - The transaction has undergone updates to the reporting period, now covering 2023, 2024, and the first half of 2025 [3]. - The legal opinions provided are supplementary to previous legal documents issued regarding the same transaction [3][7]. Group 2: Approval and Authorization - The transaction has received necessary approvals, including the revision of the asset acquisition report and related resolutions [7][9]. - Further approvals are required from the Shanghai Stock Exchange and the China Securities Regulatory Commission before the transaction can be implemented [9][7]. Group 3: Asset Details - The historical background of the target company, Shanghai Fuchi High-Tech Co., Ltd, includes a valuation of its total equity at 1.1728 billion yuan as of September 30, 2019 [10]. - The share transfer agreement specifies that Dongmu will acquire 47,362,590 shares for a total price of 1.039 billion yuan [10][11]. - Following the share transfer, the total registered capital of Shanghai Fuchi will increase to 879.76275 million yuan [12]. Group 4: Investor Rights and Obligations - The investor, Yuanzhi Xinghuo, has specific rights including priority in share purchases and anti-dilution rights [12][19]. - The agreement stipulates conditions under which the investor can request a buyback of shares, including breaches of the investment agreement [27][29]. - The buyback price is calculated based on the total investment amount plus interest, minus any dividends received [21][27].