万华化学集团股份有限公司 内幕信息知情人登记管理制度 第一章 总则 第一条 为了进一步规范万华化学集团股份有限公司（以下简称"公司"） 的内幕信息知情人和外部信息使用人管理，加强内幕信息保密工作，避免内幕交 易，维护信息披露的公平原则，保护公司与投资者的合法权益，根据《中华人民 共和国公司法》《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司信息披露管理办法》《上海证券交易所股票上市规则》《上市公司监管指 引第5号——内幕信息知情人登记管理制度》《上海证券交易所上市公司自律监 管指引第2号——信息披露事务管理》等法律、行政法规、部门规章、规范性文 件及《万华化学集团股份有限公司章程》（以下简称"《公司章程》"）的规定， 制定本制度。 第二条 公司董事会是内幕信息的管理机构，公司董事会应当按照上海证券 交易所相关规则要求及时登记和报送内幕信息知情人档案，并保证内幕信息知情 人档案的真实、准确和完整。董事长为主要责任人。公司董事会秘书负责办理公 司内幕信息知情人的登记入档和报送事宜。董事长与董事会秘书应当对内幕信息 知情人档案的真实、准确和完整签署书面确认意见。 第三条 公司董事、高级管理人员和公司 ...

万华化学集团股份有限公司 董事会议事规则 第一章 总则 第一条 为健全和规范万华化学集团股份有限公司（以下简称公司）董事会 议事和决策程序，保证公司经营、管理与改革工作的顺利进行，根据《中华人民 共和国公司法》《上市公司治理准则》《上海证券交易所股票上市规则》《万华 化学集团股份有限公司章程》(以下简称《公司章程》)等有关规定，并结合公司 的实际情况，制定本规则。 第二条 董事会是公司经营管理的决策机构，维护公司和全体股东的利益， 负责公司发展目标和重大经营活动的决策。 第三条 董事会下设董事会秘书处作为董事会常设工作机构，处理董事会日 常事务。 第二章 董事会职权 第四条 根据《公司章程》的有关规定，董事会主要行使下列职权： （七）拟订公司重大收购、因公司章程第 24 条第（一）项、第（二）项规 定原因收购本公司股票或者合并、分立、解散及变更公司形式的方案； （八）根据公司章程规定或股东会授权，决定因公司章程第 24 条第（三） 1 （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （三）制定公司战略规划和年度投资计划，决定公司经营计划和投资方案； （四）审议批准公司的年度财务预算方案、决算 ...

万华化学集团股份有限公司 公司及相关信息披露义务人按照《上市规则》及上海证券交易所其他相关业 务规则的规定，办理信息披露暂缓、豁免业务的，适用本制度。 第二章 暂缓、豁免披露信息的范围 第三条 本制度适用于包括但不限于以下人员与机构： （一）公司董事和董事会； 信息披露暂缓与豁免管理制度 第一章 总则 第一条 为规范万华化学集团股份有限公司（以下简称"公司"）的信息披 露暂缓与豁免行为，保证公司及相关信息披露义务人依法合规履行信息披露义 务，维护投资者的合法权益，根据《中华人民共和国证券法》《上市公司信息披 露管理办法》《上市公司信息披露暂缓与豁免管理规定》《上海证券交易所股票 上市规则》（以下简称《上市规则》）、《上海证券交易所上市公司自律监管指 引第 2 号——信息披露事务管理》等法律、法规规范性文件、上海证券交易所的 相关业务规则及《万华化学集团股份有限公司章程》（以下简称《公司章程》）、 《万华化学集团股份有限公司信息披露事务管理制度》《万华化学集团股份有限 公司内幕信息知情人登记管理制度》等内部制度的相关规定，结合公司实际情况， 制定本制度。 第二条 公司和其他信息披露义务人应当真实、准确、完整、及 ...

证券代码：600309 证券简称：万华化学 公告编号：临 2025-55 号 万华化学集团股份有限公司 第九届董事会 2025 年第三次会议决议公告 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。 重要内容提示： 公司应出席的董事11人，实际出席会议的董事人数11人。 一、董事会会议召开情况 （一）本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性 文件和公司章程的规定。 （二）本次董事会于 2025 年 9 月 27 日以电子通讯的方式发出董事会会议通 知及材料。 （三）本次董事会于 2025 年 10 月 10 日采用通讯表决方式召开。 （四）本次董事会会议应出席的董事 11 人，实际出席会议的董事人数 11 人。 （五）会议由公司董事长廖增太先生主持，公司部分高管及监事列席会议。 二、董事会会议审议情况 参见公司于同日在上海证券交易所网站披露的《万华化学集团股份有限公司 关于减少注册资本、修改<公司章程>并取消监事会的公告》（公告编号：临 2025-57 号）。 （二）审议通过《关于修改<万华化学集团股份 ...

Core Insights - A total of 86 stocks on the Shanghai, Shenzhen, and Beijing exchanges have experienced net inflows of main funds for five consecutive days or more as of October 10 [1] - The stock "寒武纪-U" has seen the longest streak of net inflows, with 32 consecutive days and a total net inflow of 4.377 billion [1] - "振德医疗" ranks second with 10 consecutive days of net inflows [1] Summary by Category Main Fund Inflows - "寒武纪-U" has the highest total net inflow amounting to 4.377 billion over 32 days, with a net inflow ratio of 0.72% and a cumulative increase of 33.52% [1] - "上海电力" follows with a net inflow of 1.521 billion over 6 days, achieving a cumulative increase of 32.91% [1] - "农业银行" and "万华化学" also show significant inflows, with net inflows of 1.078 billion and 540 million respectively over 6 and 7 days [1] Performance Metrics - "国电南自" has the highest net inflow ratio at 14.99% over 5 days, with a cumulative increase of 18.03% [1] - "振德医疗" has a cumulative increase of 40.10% over 10 days, indicating strong performance alongside its net inflow of 424 million [1] - Other notable stocks include "白银有色" with a cumulative increase of 35.11% and "东吴证券" with a 7.07% increase over 5 days [1]

Group 1 - Wanhua Chemical's stock price has remained stable at 67.73 CNY per share, with a trading volume of 2.233 billion CNY and a turnover rate of 1.05%, resulting in a total market capitalization of 212.027 billion CNY [1] - The stock has experienced a continuous increase over the past four days, with a cumulative growth of 5.81% during this period [1] - Wanhua Chemical specializes in the development, production, and operation of various isocyanate products and their derivatives, as well as polyurethane systems and additives [1] Group 2 - Western Li De Fund has a significant holding in Wanhua Chemical, with its "Western Li De Industry Theme Preferred Mixed A" fund increasing its position by 4,300 shares, totaling 44,400 shares, which represents 1% of the fund's net value [2] - The fund has achieved a year-to-date return of 2.96% and a one-year return of 3.62%, ranking 7,370 out of 8,014 in its category [2] - The fund manager, Zhou Ping, has a tenure of over 11 years, with the best fund return during this period being 84.2% [2]

Core Viewpoint - Wanhua Chemical's stock price has shown a continuous upward trend, with a 5.81% increase over the last four days, reflecting positive market sentiment and performance [1]. Company Overview - Wanhua Chemical Group Co., Ltd. is located in Yantai, Shandong Province, and was established on December 16, 1998, with its stock listed on January 5, 2001 [1]. - The company specializes in the development, production, and operation of various isocyanate products and their derivatives, as well as polyurethane systems and additives [1]. - The revenue composition of Wanhua Chemical is as follows: polyurethane series 40.58%, petrochemical series 38.43%, fine chemicals and new materials series 17.19%, and others 12.46% [1]. Fund Holdings - According to data, one fund under China Merchants Fund holds a significant position in Wanhua Chemical, specifically the China Merchants CSI Shanghai Environmental Exchange Carbon Neutral ETF (159641) [2]. - In the second quarter, this fund reduced its holdings by 2,400 shares, maintaining a total of 155,200 shares, which represents 3.14% of the fund's net value, ranking it as the fifth-largest holding [2]. - The fund has achieved a year-to-date return of 40.21% and a one-year return of 37.45%, with a total fund size of 268 million [2].

Group 1 - Wanhua Chemical's stock price has remained stable at 67.73 CNY per share, with a trading volume of 2.233 billion CNY and a turnover rate of 1.05%, resulting in a total market capitalization of 212.027 billion CNY [1] - The stock has experienced a continuous increase over the past four days, with a cumulative growth of 5.81% during this period [1] - The company's main business involves the development, production, and operation of various isocyanate products and their derivatives, as well as polyurethane systems and additives [1] Group 2 - Hengyue Fund has a significant holding in Wanhua Chemical, with its Hengyue Research Selected Mixed A/B fund (006049) holding 255,200 shares, accounting for 6.82% of the fund's net value, making it the largest holding [2] - The fund has generated a floating profit of approximately 949,300 CNY during the four-day increase, despite reporting a current floating profit of 0 CNY [2] - The fund has achieved a year-to-date return of 28.44%, ranking 3,813 out of 8,166 in its category [2] Group 3 - The fund manager of Hengyue Research Selected Mixed A/B is Xue Liangchen, who has been in the position for 142 days [3] - Under Xue's management, the fund's total asset size is 241 million CNY, with the best return during his tenure being 16.71% and the worst being 15.09% [3]

Core Viewpoint - The chemical sector experienced a pullback on October 10, with the chemical ETF (516020) showing a decline of 1.01% as of the report time, reflecting a broader downturn in the industry [1][2]. Group 1: Market Performance - The chemical ETF (516020) opened lower and continued to fluctuate at low levels, ultimately dropping by 1.01% [1][2]. - Key stocks in the lithium battery supply chain saw significant declines, with Tianqi Lithium falling over 8%, and other companies like Duofu and Enjie also experiencing notable drops [1][2]. - The basic chemical sector attracted substantial capital inflow, with a net inflow of 23.4 billion yuan over the past five trading days, ranking second among 30 sectors [3]. Group 2: Valuation and Investment Outlook - As of October 9, the chemical ETF (516020) had a price-to-book ratio of 2.41, which is relatively low compared to the historical average, indicating potential value for long-term investment [4]. - The construction of new projects in the basic chemical sector has shown a negative growth trend for three consecutive quarters, suggesting a supply-side slowdown and a more favorable market outlook [5]. - Analysts suggest that core assets in the chemical sector are entering a long-term value zone, with expectations for a recovery in both valuation and profitability [5]. Group 3: Investment Strategy - The chemical ETF (516020) tracks the CSI segmented chemical industry index, covering various sub-sectors and concentrating nearly 50% of its holdings in large-cap stocks, which may provide a more efficient way to invest in the sector [6]. - Investors can also consider using the chemical ETF linked funds (Class A 012537/Class C 012538) for exposure to the chemical sector [6].

Core Viewpoint - Major chemical companies, including Dow, INEOS, and others, are shutting down production facilities in Europe due to high costs, stringent regulations, and competition from imports, indicating a significant restructuring in the chemical industry [2][3][6][7][8]. Group 1: Dow Chemical - Dow plans to close its polyether polyol plant in Tertre, Belgium, with an annual capacity of 94,000 tons by the end of Q1 2026 as part of a strategic restructuring in Europe [3]. - The closure is attributed to high costs, strict regulations in Europe, and competitive pressure from imports, particularly from Asia [3]. - Dow's other planned closures include an ethylene cracker in Germany and a chlor-alkali facility, with further reductions in production capacity expected [3]. Group 2: Market Conditions - The European polyether polyol market is currently weak, with key end-use sectors like automotive and construction showing low demand, leading to overcapacity and increased imports [4]. - From 2020 to 2024, the average annual import volume of polyether is projected to be 286,000 tons, with a record high of 323,000 tons last year [4]. - In China, the domestic polyether industry is expected to see increased concentration among leading companies, with total production around 5.55 million tons and consumption at approximately 4.08 million tons in 2024 [4]. Group 3: INEOS - INEOS confirmed the closure of two production plants in Rheinberg, Germany, resulting in the loss of 175 jobs, due to high energy and carbon emission costs [6]. - The plants produce essential chemicals, including key components for epoxy resins, which are critical for defense, aerospace, and renewable energy infrastructure [6]. - INEOS also plans to cut 20% of the workforce at its acetyl plant in Hull, UK, citing competition from low-cost imports [6]. Group 4: Arlanxeo - Arlanxeo announced the closure of its synthetic rubber production facility in France, with an annual capacity of 140,000 tons, due to rising costs and market imbalances [7]. - The facility produces Nd-PBR and solution polymerized styrene-butadiene rubber, facing continuous losses without viable paths to profitability [7]. Group 5: Solvay - Solvay plans to permanently close its MMA and acetone cyanohydrin production operations in Italy, transitioning to purchasing MMA from third-party suppliers [8]. - This strategic shift is part of a broader plan to streamline operations and focus on chemical recycling initiatives [8]. Group 6: Future Outlook - The domestic polyether industry in China is expected to continue expanding, with a projected increase of over 4 million tons per year in new capacity from 2025 to 2029 [5]. - Leading companies in the sector are focusing on high-value products, indicating a shift towards more specialized and profitable offerings [5].