Meeting Overview - The second extraordinary general meeting of shareholders was held on August 21, 2025, at the company's location in Suzhou, Jiangsu Province [1] - The meeting was presided over by the chairman, Fan Hongwei, and utilized a combination of on-site and online voting methods [1] Attendance - All 8 current directors attended the meeting, while 2 out of 3 supervisors were present, with one supervisor absent due to work commitments [2] - The board secretary and several executives also attended the meeting [2] Resolutions Passed - The following proposals were approved during the meeting: 1. Revision of the company's articles of association and its attachments [2] 2. Compensation plan for the 10th board of directors [2] 3. Revision of the independent director working system [3] 4. Revision of the related party transaction management system [3] 5. Revision of the external guarantee management system [3] - The proposal for electing non-independent and independent director candidates was also discussed [3] Legal Verification - The meeting was witnessed by Beijing Tianyuan Law Firm, which confirmed that the meeting's procedures and voting results were in compliance with legal and regulatory requirements [3]

北京市天元律师事务所 关于恒力石化股份有限公司 召开 2025 年第二次临时股东大会的法律意见 京天股字（2025）第 527 号 致：恒力石化股份有限公司 恒力石化股份有限公司（以下简称"公司"）2025 年第二次临时股东大会（以 下简称"本次股东大会"）采取现场投票与网络投票相结合的方式召开，其中现场 会议于 2025 年 8 月 21 日在苏州市吴江区盛泽镇南麻工业区恒力路一号召开。北京 市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股 东大会现场会议，并根据《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》"）、 《上市公司股东会规则》 （以下简称"《股东会规则》"） 以及《恒力石化股份有限公司章程》（以下简称"《公司章程》"）等有关规定， 就本次股东大会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议 表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《恒力石化股份有限公司第九届董事会第 二十九次会议决议公告》、《恒力石化股份有限公司关于召开 2025 年第二次临时股 东大会的通知》（以下简称"《召开股东大会通知》 ...

恒力石化股份有限公司 证券代码：600346 证券简称：恒力石化 公告编号：2025-051 恒力石化股份有限公司 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法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 8 月 21 日 (二) 股东大会召开的地点：苏州市吴江区盛泽镇南麻工业区恒力路一号 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） 80.0115% (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会提议召开，董事长范红卫女士主持会议，采取现场 投票和网络投票相结合的表决方式。会议的召集、召开及表决均符合《公司法》 和《公司章程》等相关法律法规的规定。 恒力石化股份有限公司 (五) 公司董事、监事和董事会秘书的出席情况 刘千涵先生、张文宇先生、黄旭东先生列席会议。 二、 议案审议情况 (一) 非累积投票议案 审议结果：通过 表决情况： | 股东类型 | 同意 ...

Group 1 - Hengli Petrochemical conducted two block trades on August 21, totaling 11.89 million shares and a transaction amount of 200 million yuan, with a transaction price of 16.81 yuan [2] - In the last three months, the stock has seen a total of 22 block trades, amounting to 862 million yuan [2] - The closing price of Hengli Petrochemical on the same day was 16.81 yuan, reflecting an increase of 1.88%, with a daily turnover rate of 1.16% and a total transaction amount of 1.357 billion yuan [2] Group 2 - The net inflow of main funds for Hengli Petrochemical was 19.50 million yuan on that day, and the stock has increased by 12.37% over the past five days, with a total net inflow of 210 million yuan [2] - The latest margin financing balance for the stock is 3.565 billion yuan, which has increased by 333 million yuan over the past five days, representing a growth rate of 10.29% [2]

8月21日，恒力石化大宗交易成交1189.57万股，成交额2亿元，占当日总成交额的12.84%，成交价16.81元，较市场收盘价16.81元持平。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) | 成交金额(万元) | 成交量(*) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-21 | 恒力石化 | 600346 | 16.81 | 14293.08 | 850.27 | 华泰证券股份有限 公司上海分公司 | 广发证券股份有限 公司南京水佑岗证 | | | | | | | | | | 券营业部 | | | 2025-08-21 | 恒力石化 | 600346 | 16.81 | 5703.63 | 339.3 | 华泰证券股份有限 | 中国银河证券股份 | | | | | | | | | 公司上海分公司 | 有限公司大连人民 | | | | | | | | | | 改汇共营业机 | | ...

恒力石化股份有限公司 证券代码：600346 证券简称：恒力石化 公告编号：2025-051 恒力石化股份有限公司 2025年第二次临时股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 867 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 5,632,089,265 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 80.0115% | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | 股东类型 | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | A 股 | 5,631,134,50 ...

召开 2025 年第二次临时股东大会的法律意见 北京市天元律师事务所 关于恒力石化股份有限公司 京天股字（2025）第 527 号 致：恒力石化股份有限公司 恒力石化股份有限公司（以下简称"公司"）2025 年第二次临时股东大会（以 下简称"本次股东大会"）采取现场投票与网络投票相结合的方式召开，其中现场 会议于 2025 年 8 月 21 日在苏州市吴江区盛泽镇南麻工业区恒力路一号召开。北京 市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股 东大会现场会议，并根据《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》"）、《上市公司股东会规则》（以下简称"《股东会规则》"） 以及《恒力石化股份有限公司章程》（以下简称"《公司章程》"）等有关规定， 就本次股东大会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议 表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《恒力石化股份有限公司第九届董事会第 二十九次会议决议公告》、《恒力石化股份有限公司关于召开 2025 年第二次临时股 东大会的通知》（以下简称"《召开股东大会通知》"）以及 ...

Group 1 - The refining and trading sector increased by 1.7% on August 21, with Rongsheng Petrochemical leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Group 2 - On the same day, the refining and trading sector experienced a net outflow of 256 million yuan from main funds, while retail investors saw a net inflow of 288 million yuan [2] - Detailed fund flow data shows that China Petroleum (601857) had a net inflow of 40.26 million yuan from main funds, while China Petrochemical (600028) experienced a net outflow of 78.72 million yuan [2] - The table indicates varying net inflows and outflows across different companies, with notable retail inflows into companies like Guochuang High-tech (002377) and Yuxin Co., Ltd. (002986) [2]

Investment Rating - The industry investment rating is "Overweight" for both Oil & Gas and Basic Chemicals [6]. Core Viewpoints - The global ethylene production capacity optimization is accelerating, leading to a potential reshaping of the supply-demand landscape, particularly with the exit of high-cost production in Europe and East Asia [1][2]. - The report highlights that while low-cost production in the Middle East and North America is increasing, China's integrated large-scale new capacity is expected to impact global ethylene supply significantly [3][4]. - The report recommends companies such as Baofeng Energy, Satellite Chemical, and Hengli Petrochemical as beneficiaries of the evolving supply landscape [1][4]. Summary by Sections Global Ethylene Supply-Demand Dynamics - The report indicates that approximately 55 million tons of global ethylene capacity is at risk of shutdown, with high-risk capacities in China, Asia, and Europe estimated at 5.7 million, 7 million, and 10 million tons respectively [2]. - Major companies in Europe, such as ExxonMobil and SABIC, have begun shutting down ethylene facilities due to economic pressures [2][12]. China's Ethylene Capacity - China's ethylene capacity is projected to reach 57.09 million tons by 2024, with an expected increase of 27.35 million tons in 2025-2026, which may pose challenges to global supply-demand balance [3][4]. - The report emphasizes that the increase in China's capacity, combined with low-cost production from the U.S. and the Middle East, will not lead to a significant turning point in the industry [3]. Cost Advantages and Recommendations - The development of gas and coal-based production routes in China, along with its diverse downstream manufacturing advantages, is expected to reshape the global ethylene supply-demand structure [4]. - The report maintains a positive outlook on companies like Baofeng Energy, Satellite Chemical, and Hengli Petrochemical, suggesting they will benefit from the low-cost production environment [1][4][27].

Group 1: Titanium Market Overview - The titanium concentrate market is facing a severe supply-demand imbalance, leading to a weak overall industry state with low purchasing willingness from downstream buyers and significant inventory accumulation [1] - The price of titanium dioxide (TiO2) is expected to be around 46%, with mainstream prices for titanium concentrate ranging from 1600 to 1700 CNY per ton [1] - The sponge titanium industry is experiencing rising inventory levels, with weak purchasing enthusiasm from downstream sectors, while military demand remains strong [1] Group 2: Titanium Dioxide Pricing Trends - As of the week of August 8-14, 2025, the mainstream price for sulfuric acid method rutile titanium dioxide is reported to be between 12200 and 13700 CNY per ton, with a weighted average price of 13302 CNY per ton, remaining stable compared to the previous week [2] - The "floor price" for titanium dioxide has been maintained for an extended period, with expectations for demand to improve and prices to stabilize [2] Group 3: Chemical Industry Performance - The CSI Chemical Industry Theme Index (000813) has seen a strong increase of 1.59%, with notable gains in stocks such as Nuclear Titanium White (10.11%) and Boyuan Chemical (6.22%) [3] - The Chemical ETF (159870) has risen by 1.39%, with a latest price of 0.66 CNY and a net subscription of 1.1 billion units during trading [3] Group 4: Chemical ETF Composition - The CSI Chemical Industry Theme Index consists of several sub-indices, with the top ten weighted stocks accounting for 43.54% of the index, including Wanhu Chemical and Salt Lake Co [4]