安琪酵母股份有限公司董事会议事规则 （2025 年 8 月修订稿） 第一章 总则 第一条 为了进一步规范安琪酵母股份有限公司（以下简称 公司）董事会的议事方式和决策程序，促使董事和董事会有效地 履行其职责，提高董事会规范运作和科学决策水平，根据《中华 人民共和国公司法》《中华人民共和国证券法》《上市公司治理 准则》《上海证券交易所股票上市规则》和《公司章程》等有关 规定，制订本规则。 第二章 董事 第二条 公司董事会由十一名董事组成，设董事长一名，独 立董事六名。 第三条 董事由股东会选举或更换，任期三年。董事任期届 满，可连选连任。董事在任期届满以前，股东会不能无故解除其 职务。 第四条 董事会设职工董事一名。董事可以由高级管理人员 兼任，但兼任高级管理人员职务的董事以及由职工代表担任的董 事，总计不得超过公司董事总数的二分之一。 第五条 董事应当遵守法律、行政法规和《公司章程》，对 公司负有忠实义务与勤勉义务。 第六条 董事连续两次未能亲自出席，也不委托其他董事出 席董事会会议，视为不能履行职责，董事会应当建议股东会予以 — 1 — 撤换。 第三章 董事会 第七条 公司依法设立董事会，董事会为股东会的常设 ...

安琪酵母股份有限公司 董事会薪酬与考核委员会实施细则 （2025 年 8 月修订稿） 第一章 总则 第一条 为进一步建立健全公司董事（非独立董事）及高级 管理人员的考核和薪酬管理制度，完善公司治理结构，根据《中 华人民共和国公司法》《上市公司治理准则》《公司章程》及其 他有关规定，公司特设立董事会薪酬与考核委员会，并制定本实 施细则。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的 专门工作机构，主要负责制定公司董事及高级管理人员的考核标 准并进行考核；负责制定、审查公司董事及高级管理人员的薪酬 政策与方案，对董事会负责。 第三条 本细则所称董事是指在本公司支取薪酬的董事长、 内部董事，高级管理人员是指董事会聘任的总经理、副总经理、 董事会秘书、财务负责人。 第二章 人员组成 第四条 薪酬与考核委员会成员由五至七名外部董事组成， 成员中独立董事应当过半数。 （三）董事、高级管理人员在拟分拆所属子公司安排持股计 划； 第五条 薪酬与考核委员会设主任委员（召集人）一名，由 独立董事担任，负责主持委员会工作。主任委员在委员内选举， 并报请董事会批准产生。 — 1 — 第六条 薪酬与考核委员会任期与董事会任期一 ...

安琪酵母股份有限公司关联交易管理制度 （2025 年 8 月修订稿） 第一章 总则 第一条 为规范安琪酵母股份有限公司（以下简称公司）与 合并报表范围外各关联方发生的关联交易行为，维护公司及非关 联股东的合法权益，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上海证券交易所股票上市规则》等相关法律法 规和《公司章程》的规定，特制订本管理制度。 第二条 公司的关联交易应当遵循以下基本原则： （一）符合诚实信用及公开、公平、公正的原则； （二）关联交易的条件应当公允，符合公司的利益，不得损 害公司及非关联股东的利益； （三）在对关联交易进行决策时，关联股东及关联董事应妥 善遵守公司章程及本制度规定的回避制度及其他保障关联交易 公允性的措施。 第二章 关联交易的定义和范围 第三条 关联交易是指公司或者其控股子公司与公司关联人 之间发生的可能导致转移资源或者义务的事项，包括： — 1 — （十八）中国证监会、上海证券交易所认为应当属于关联交 易的其他事项。 第三章 关联方的定义和范围 第四条 公司关联人包括关联法人和关联自然人。 （二）由上述第（一）项所列主体直接或者间接控制的除公 司及其控股子公司以外的法 ...

Core Viewpoint - The document outlines the debt management system of Angel Yeast Co., Ltd., emphasizing the importance of debt risk management and establishing a long-term mechanism for debt risk prevention to ensure sustainable and stable development of the company [1]. Group 1: General Principles - The company’s debt management should adhere to principles of prudent operation, enhancing quality and efficiency, scientific management, and self-restraint [1]. - It is essential to strengthen risk awareness and control the scale of debt and leverage levels, ensuring that debt risks remain within manageable limits [1]. - The company aims to improve operational management and enhance capital strength while maintaining a reasonable asset-liability ratio [1]. Group 2: Responsibilities - The finance department is responsible for the overall management of the company's debt, including maintaining a dynamic monitoring system for debt limits and establishing key risk warning indicators [2]. - The risk control department supervises and guides debt management, assisting in the development of risk indicators and emergency response plans [2]. - Each subsidiary must strictly implement the company's debt management requirements and report regularly to the finance department [2]. Group 3: Debt Management Constraints - The asset-liability ratio serves as the primary constraint for debt management, with different industries and types of enterprises subject to classification management and dynamic adjustments [2]. - The baseline for the asset-liability ratio is set at the previous year's average for state-owned enterprises in the same industry, with a warning line set at 5 percentage points above this baseline and a key supervision line at 10 percentage points above [2]. Group 4: Debt Management Mechanism - The company must prioritize debt risk management, carefully conducting debt financing, investments, expenditures, and external guarantees to prevent excessive accumulation of interest-bearing liabilities [3][4]. - The asset-liability ratio should be integrated into the comprehensive budget management system, with specific targets for the annual asset-liability ratio [4]. - The company is encouraged to diversify financing channels and strengthen strategic cooperation with banks to secure long-term, low-cost credit support [4]. Group 5: Monitoring and Evaluation - A dynamic monitoring and early warning mechanism for debt risks should be established to enhance predictive capabilities and prepare appropriate responses [5]. - The company must assess the debt risk status continuously and set clear targets, timelines, and measures for reducing the asset-liability ratio, especially for subsidiaries exceeding warning and supervision lines [5].

公告还指出，公司新产品新业务积极推进。战略新品酵母蛋白推广顺利，多家客户保持稳定合作；依托 公司现有渠道资源，蔓越莓、高糖高活性干酵母系列产品等新产品市场开拓进展显著。国际业务保持快 速增长。积极应对外部环境挑战，优化产销调度保障订单交付。推进重点市场专项营销，海外业务实现 全面增长。持续加强海外子公司建设，推进营销人员本土化，新兴市场客户开发成效显著。 8月14日，安琪酵母发布2025年半年报。当中披露，2025年上半年，公司实现营业收入78.99亿元，同比 增长10.10%；归属净利润7.99亿元，同比增长15.66%。 （企业公告） ...

Group 1 - China Telecom reported a net profit of RMB 23.017 billion for the first half of 2025, an increase of 5.5% year-on-year [1] - The company's total operating revenue for the same period was RMB 269.42 billion, reflecting a year-on-year growth of 1.3% [1][2] - The net profit attributable to shareholders after excluding non-recurring gains and losses was RMB 21.721 billion, a slight increase of 0.2% year-on-year [1][2] Group 2 - Mobile communication service revenue reached RMB 106.6 billion, up 1.3% year-on-year, while fixed-line and smart home service revenue was RMB 64.1 billion, growing by 0.2% [3] - The number of mobile users increased to 433 million, and broadband users reached 199 million, with mobile ARPU at RMB 46 and broadband ARPU at RMB 48.3 [3] - Revenue from industrial digitalization was RMB 74.9 billion, with AIDC revenue growing by 7.4% [3] Group 3 - Xi'an Yicai's IPO on the Sci-Tech Innovation Board was approved, with projected revenue growth from RMB 1.055 billion in 2022 to RMB 2.121 billion in 2024, a compound annual growth rate of 41.83% [4] - Chipsea Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and diversify financing [5] - Shunhao Co. also announced plans to issue H-shares and list on the Hong Kong Stock Exchange to support business transformation and global strategy [6] Group 4 - Heertai reported a net profit of RMB 354 million for the first half of 2025, a year-on-year increase of 78.65% [7] - Yiyuan Communication's net profit surged by 125.03% to RMB 471 million, driven by core business improvements and diversification [8] - Jifeng Co. achieved a net profit of RMB 154 million, a significant increase of 189.51%, despite a revenue decline of 4.39% [9]

Company Performance - Anqijiao Yeast reported a revenue of 7.899 billion yuan for the first half of 2025, representing a year-on-year growth of 10.10% [1] - The net profit attributable to the parent company reached 799 million yuan, with a year-on-year increase of 15.66% [1] - The fermentation output for the first half of the year was 228,000 tons, showing an 11.8% increase compared to the previous year [1] Production and R&D - The company has a total yeast production capacity exceeding 450,000 tons, holding a 55% market share in China and over 20% globally [1] - R&D expenses for the first half of the year amounted to 306 million yuan, reflecting a 3.65% increase year-on-year [1] - Key products such as high-sugar yeast and low-sugar yeast have seen significant improvements in key performance indicators due to process optimization [1] Industry Context - The global yeast production capacity exceeds 2.1 million tons, with the top three companies (Lesaffre, Anqijiao, and Angel Yeast) accounting for over 70% of the market share [2] - The yeast industry is experiencing increased concentration and intensified competition, with international peers adjusting their global strategies [2] Cost Management - Molasses accounts for nearly 60% of yeast production costs, significantly impacting profitability; the company has previously replaced part of the molasses with hydrolyzed sugar [2] - Anqijiao Yeast plans to continuously monitor raw material price fluctuations and optimize its pricing prediction mechanisms [2] Strategic Initiatives - The company announced plans to acquire a 55% stake in Shengtong Sugar Industry for 506 million yuan, aimed at enhancing its sugar segment and downstream business [2] - Anqijiao Yeast currently operates four hydrolyzed sugar production lines with a total capacity of 600,000 tons, with additional production lines under construction [2]

北京商报讯（记者 郭秀娟 实习记者 王悦彤） 8月14日，安琪酵母发布2025年半年报，报告期内，公司 实现营业收入79.0亿元，同比增长10.1%；归母净利润为7.99亿元，同比增长15.7%。其中第二季度，公 司营业收入为41.1亿元，同比增长11.2%；归母净利润为4.29亿元，同比增长15.4%。 生产方面，公司上半年发酵产量达到22.8万吨，同比增长11.8%，各生产基地的运营效率持续提升。 ...

Group 1 - The company announced that its 10th Board of Directors held its fifth meeting on August 14, where several proposals were approved, including the special report on the use of raised funds for the first half of 2025 [2]

（编辑 任世碧） 证券日报网讯 8月14日晚间，安琪酵母发布2025年半年度报告摘要称，公司2025年半年度实现营业收入 为7，899，297，546.76元，同比增长10.10%；实现归属于上市公司股东的净利润为799，358，009.92 元，同比增长15.66%。 ...