上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于东睦新材料集团股份有限公司 2025 年第四次临时股东会 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于东睦新材料集团股份有限公司 2025 年第四次临时股东会 法律意见书 致：东睦新材料集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受东睦新材料集团股份有 限公司（以下简称"公司"）委托，就公司召开 2025 年第四次临时股东会（以下 简称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东会规则》等法律、法规和其他规范性文件以及《东睦新 材料集团股份有限公司章程》（以下简称"《公司章程》"）的有关规定，出具本法 律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用 ...

东睦股份（600114.SH）11月14日在投资者互动平台表示，尊敬的投资者您好，截至目前暂无相关计 划，未来是否进一步收购的具体情况请以公司在上海证券交易所网站披露的公开信息为准。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司参股深圳小象电动（持股 22%）深度布局轴向 磁通电机，这一领域的发展预计会很广阔。贵公司有收购小象电动的计划吗？ ...

Group 1 - The company has developed a product matrix in the robotics field, including axial flux motors, planetary gear reducers, harmonic gear reducers, dexterous micro gears, surgical robot components, and P&S (powder metallurgy pressing and forming) gears for robots [2] - In the energy storage and intelligent computing center sectors, the company primarily produces soft magnetic materials, integrated inductors, charging piles, photovoltaic products, and server power supplies [2]

Core Viewpoint - Dongmu Co., Ltd. (600114.SH) has stated that it is currently not involved in the PCB sector, but its integrated molded inductors can be applied in the semiconductor chip equipment field [1] Company Summary - Dongmu Co., Ltd. has confirmed its absence in the PCB market as of now [1] - The company produces integrated molded inductors that are relevant for use in semiconductor chip equipment [1]

Core Viewpoint - Dongmu Co., Ltd. (600114.SH) is actively developing a diverse product matrix in the robotics sector, including axial flux motors, planetary gear reducers, harmonic drive gear reducers, dexterous micro gears, surgical robot components, and P&S (powder metallurgy pressed) gears for robots [1] Group 1: Robotics Sector - The company has established a product matrix in the robotics field, which includes various advanced components [1] - Key products in the robotics sector consist of axial flux motors, planetary gear reducers, and harmonic drive gear reducers [1] - Additional offerings include dexterous micro gears and components for surgical robots [1] Group 2: Energy Storage and Intelligent Computing Centers - In the energy storage and intelligent computing center sectors, the company primarily produces charging piles, photovoltaic products, and server power supplies [1] - The company also manufactures soft magnetic materials and integrated inductors as essential components for these applications [1]

Group 1 - The company, Dongmu Co., Ltd. (600114.SH), has stated that it is currently not involved in the PCB (Printed Circuit Board) sector [1] - The company's one-piece molded inductors can be applied in the semiconductor chip equipment field [1]

Core Viewpoint - The strategic rights adjustment of the investor Yuan Zhi Xing Huo in the acquisition of minority equity in Shanghai Fu Chi has become a focus of regulatory inquiry, particularly regarding the special rights originally agreed upon during the investment process [1][2]. Group 1: Transaction Details - Yuan Zhi Xing Huo invested in Shanghai Fu Chi through a capital increase in November 2023, originally entitled to special rights including a buyback option [1]. - A supplementary agreement was reached in August 2025, terminating the special rights associated with the proposed sale of 14% equity in Shanghai Fu Chi [1]. - After the transaction, Yuan Zhi Xing Huo retains 1% equity in the target company and holds certain special rights excluding the buyback option, such as the rights to nominate directors and supervisors [1]. Group 2: Governance and Control - The board of directors of Shanghai Fu Chi consists of five members, with the listed company holding three seats and Yuan Zhi Xing Huo nominating one seat, lacking a veto power [1]. - The board can still function effectively even if Yuan Zhi Xing Huo's director does not attend, as decisions can be made with a majority of directors present [1]. - At the shareholders' meeting level, Yuan Zhi Xing Huo's veto power is limited to significant matters affecting its own rights, not involving business operations or strategic decisions [1]. Group 3: Strategic Alignment and Risk Mitigation - Post-transaction, Yuan Zhi Xing Huo holds a 3.49% stake in Dongmu Co., creating a deep alignment of interests and focusing on synergistic development in powder metallurgy and other business sectors [2]. - Shanghai Fu Chi has established a robust corporate governance structure to prevent conflicts of interest and governance deadlocks [2]. - A provision is in place that if Yuan Zhi Xing Huo reduces its stake in the listed company by more than 80%, its special rights in the target company will automatically become invalid, ensuring multiple safeguards for the listed company's interests [2].

中国国际金融股份有限公司 关于 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 之 独立财务顾问报告 （修订稿） 独立财务顾问 二〇二五年十一月 独立财务顾问声明和承诺 中国国际金融股份有限公司（以下简称"中金公司"、"本独立财务顾问"）接受 东睦新材料集团股份有限公司（以下简称"东睦股份"、"上市公司"或"公司"）委 托，担任本次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（以下简称"本 次交易"）的独立财务顾问，就该事项向上市公司全体股东提供独立意见，并制作本独 立财务顾问报告。 本独立财务顾问核查意见是依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司重大资产重组管理办法》《上市公司并购重组财务顾问业务管理办法》《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》《上市 公司监管指引第 9 号——上市公司筹划和实施重大资产重组的监管要求》和《上海证券 交易所上市公司重大资产重组审核规则》等法律法规及文件的规定和要求，以及证券行 业公认的业务标准、道德规范，经过审慎调查，本着诚实信用和勤勉尽责的态度，就本 次交易认真履行尽 ...

目 录 | 一、关于评估方法和评估结论……………………………………第 | 1—16 | 页 | | --- | --- | --- | | 二、关于标的公司客户与销售模式………………………………第 | 16—38 | 页 | | 三、关于标的公司收入和经营业绩波动…………………………第 | 38—54 | 页 | | 四、关于标的公司采购、成本和毛利率…………………………第 | 54—82 | 页 | | 五、关于标的公司流动资产……………………………………第 | 82—100 | 页 | | 六、关于其他问题………………………………………………第 | 100—111 | 页 | 关于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 联交易申请的审核问询函中有关财务事项的说明 天健函〔2025〕1218 号 上海证券交易所： 由中国国际金融股份有限公司转来的《关于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申请的审核问询函》（上 证上审（并购重组）〔2025〕73 号，以下简称审核问询函）奉悉。我们已对审 核问询函所提及的东睦新材料集团股份有限公司（以 ...

中国国际金融股份有限公司 关于 上海证券交易所 《关于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 暨关联交易申请的审核问询函》回复 之 专项核查意见 独立财务顾问 二〇二五年十一月 上海证券交易所： 中国国际金融股份有限公司（以下简称"独立财务顾问"或"中金公司"） 接受东睦新材料集团股份有限公司（以下简称"上市公司"、"公司"或"东 睦股份"）的委托，担任东睦股份本次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（以下简称"本次交易"）的独立财务顾问。按照贵所下发 的《关于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 套资金暨关联交易申请的审核问询函》（上证上审并购重组）〔2025〕73 号） （以下简称"审核问询函"）的要求，中金公司会同上市公司及其他中介机构 就审核问询函所提问题进行了认真讨论分析，现就有关事项发表核查意见（以 下简称"本核查意见"）。现提交贵所，请予审核。 本核查意见中的报告期指 2023 年、2024 年和 2025 年 1-6 月；除此之外， 如无特别说明，本核查意见所述的词语或简称与重组报告书中释义所定义的词 语或简称具有相同的含义 ...