Core Viewpoint - *ST Haiyue announced a share repurchase plan of 30 million to 50 million yuan during its delisting preparation period, with the last trading date expected to be July 4, 2025 [1] Group 1: Delisting Information - The trading start date for the delisting preparation period is set for June 16, 2025, with the last trading date anticipated to be July 4, 2025 [1] - After the delisting preparation period ends, the Shanghai Stock Exchange will delist the company's shares within five trading days [1] - As of the announcement date, the company has completed 0 trading days in the delisting preparation period, leaving 15 trading days remaining [1] Group 2: Share Repurchase Plan - The company plans to repurchase shares during the delisting preparation period, with a total amount not less than 30 million yuan and not exceeding 50 million yuan [1] - The company's directors, supervisors, senior management, controlling shareholders, and actual controllers have confirmed that they have no plans to reduce their holdings during the repurchase period and for the next three to six months [1]

Core Viewpoint - The article narrates the rise and fall of Haiyue Energy, highlighting the ambitious projects led by its former chairman, Lü Xiaokui, and the subsequent financial troubles that led to its delisting from the stock market. Group 1: Company Background and Growth - Lü Xiaokui signed a loan guarantee contract worth 3.15 billion yuan in 2012, marking a significant gamble on a project expected to exceed 10 billion yuan [1] - From July 2005 to June 2015, ST Haiyue's stock price increased by approximately 2374.37%, with an annualized return rate of 39.71% [2] - The company was listed in February 2004, and Lü Xiaokui became a key figure, leading the company for over a decade until 2016 [3] - Under Lü's leadership, the company transitioned from a state-owned enterprise to a privately controlled entity, experiencing rapid growth in stock price and revenue [3][4] Group 2: Major Projects and Strategies - In 2009, the company announced a diversification strategy focusing on "oil + venture capital + real estate" [4] - In 2011, Haiyue partnered to establish Ningbo Haiyue New Materials Co., aiming to implement a project with an annual production capacity of 1.38 million tons of propane [5] - The projected annual revenue for the 1.38 million tons project was estimated at 13.1 billion yuan, with a profit of 1.7 billion yuan [6] Group 3: Financial Decline and Challenges - By 2015, despite initial success, the 1.38 million tons project faced operational challenges, leading to significant losses [9] - The company reported cumulative losses of approximately 780 million yuan from 2015 to 2017 [9] - In February 2017, Lü Xiaokui and other shareholders sold their stakes for 2.65 billion yuan, marking a significant shift in ownership [10] Group 4: Subsequent Developments and Investigations - After the acquisition by HNA Group, the company was renamed Haiyue Energy but continued to struggle with financial stability [12] - In 2022, the company faced regulatory scrutiny for failing to disclose related party transactions amounting to approximately 2 billion yuan [13] - By June 2025, the Shanghai Stock Exchange issued a delisting decision due to repeated audit reports that could not express an opinion [21]

Core Points - *ST Haiyue has received a decision from the Shanghai Stock Exchange to terminate its stock listing due to an audit report that could not express an opinion on its 2023 annual financial statements [2] - The company is also under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [2][3] - The company has faced previous regulatory penalties for failing to disclose related party transactions and false records in its financial reports [3] Financial Performance - In 2023, *ST Haiyue reported a revenue of 2.128 billion yuan, a year-on-year decrease of 67.70%, and a net profit attributable to shareholders of -245 million yuan, a decline of 538.01% [4] - For 2024, the company achieved a revenue of 1.483 billion yuan, down 30.32% year-on-year, with a net profit of -300 million yuan, a decrease of 22.14% [4][5] - The decline in revenue is attributed to a decrease in trade business scale, asset impairment provisions, and increased financial expenses [5] Regulatory Issues - The company has been involved in non-operating fund occupation by its controlling shareholder, with significant amounts transferred out from 2021 to 2022 [3][4] - As of April 30, 2023, all involved funds had been returned, but the company failed to disclose this information in a timely manner [3] - The audit report for the 2024 annual financial statements also received a disclaimer of opinion, raising concerns about the accuracy and completeness of the financial data [4]

Core Viewpoint - The company, Haiyue Energy Group Co., Ltd. (*ST Haiyue), is facing delisting from the Shanghai Stock Exchange due to financial difficulties and a significant decline in its business performance [1][4]. Group 1: Company Overview - Haiyue Energy Group was established in 1993 and listed on the Shanghai Stock Exchange in 2004, primarily engaged in oil trading, wholesale and retail of refined oil, lithium carbonate business, property leasing, and venture capital [4]. - For the fiscal year 2024, *ST Haiyue reported a revenue of 1.483 billion yuan and a net loss attributable to shareholders of 299.8 million yuan [4]. Group 2: Financial Performance - The company's bulk trading business has declined compared to the previous year, influenced by the overall downturn in the traditional energy sector and risk control measures [5]. - The market price of lithium carbonate has also decreased compared to the same period last year, leading the company to make provisions for inventory impairment related to lithium carbonate and other products [5]. - The company has recognized asset impairment losses on receivables based on a cautious approach, considering the end-of-period situation [5].

Group 1 - The company held its 10th board meeting on June 9, 2025, where all directors participated and the meeting complied with legal and regulatory requirements [1] - The board approved the appointment of Mr. Yan Zhanhang as the vice president of the company, with a term aligned with the current board's term, receiving 7 votes in favor and no opposition [1] - The company announced the upcoming 2024 annual shareholders' meeting, which will include various reports and proposals for approval, also receiving unanimous support from the board [2] Group 2 - The annual shareholders' meeting will feature discussions on the 2024 board and supervisory reports, financial statements, profit distribution proposals, and authorization for management to apply for credit [2] - The meeting will utilize a combination of online and in-person voting methods to facilitate participation [2]

截至本公告日，颜战杭先生未持有公司股份。不存在《公司法》《公司章程》 中规定的不得担任公司高级管理人员的情形，不存在被中国证监会或证券交易所 认定不适合担任上市公司高级管理人员的情形，未受过中国证监会、证券交易所 及其他有关部门处罚和惩戒，其任职资格符合相关法律法规的规定。 特此公告。 海越能源集团股份有限公司董事会 二〇二五年六月十日 附件：颜战杭先生简历 股票代码：600387 股票简称：*ST 海越 公告编号：2025-041 海越能源集团股份有限公司 关于聘任副总经理的公告 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。 海越能源集团股份有限公司（以下简称"公司"）于 2025 年 6 月 9 日召开第 十届董事会第十次会议，审议通过《关于聘任副总经理的议案》。鉴于公司经营 管理需要，为推动公司各项重点工作高效落实，实现公司持续健康发展，根据《公 司法》等法律法规以及《公司章程》的规定，经公司总经理提名推荐，公司第十 届董事会第四次独立董事专门会议审核通过，公司董事会同意聘任颜战杭先生 （简历详见附件）担任公司副 ...

证券代码：600387 证券简称：*ST 海越 公告编号：2025-042 海越能源集团股份有限公司 关于召开2024年年度股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024年年度股东大会 召开的日期时间：2025 年 6 月 30 日 14 点 30 分 召开地点：浙江省诸暨市西施大街 59 号公司会议室 股东大会召开日期：2025年6月30日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 30 日 至2025 年 6 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间 ...

股票代码：600387 股票简称：*ST 海越 公告编号：2025-040 海越能源集团股份有限公司 第十届董事会第十次会议决议公告 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。 海越能源集团股份有限公司（以下简称"公司"）第十届董事会第十次会议 于 2025 年 6 月 9 日以现场结合通讯表决方式召开，会议通知于 2025 年 6 月 5 日以直接送达或电子邮件等方式送达各位董事。公司全体董事参加了会议，会议 召开符合《公司法》《公司章程》的规定。 与会董事就会议议案进行了认真审议，并进行逐项表决，会议审议通过了如 下议案，形成如下决议： 表决情况：同意7票，弃权0票，反对0票。 经公司总经理提名推荐，公司第十届董事会第四次独立董事专门会议审议通 过，公司董事会同意聘任颜战杭先生为公司副总经理，任期与本届董事会任期一 致。 具体内容详见同日于上海证券交易所网站(www.sse.com.cn)披露的《关于聘 任副总经理的公告》（公告编号：2025-041）。 2.《关于提请召开公司2024年年度股东大会的议案》 同意 ...

Market Performance - On June 6, 2025, A-shares showed mixed performance with a slight increase of 0.04%, closing at 3,385.36 points, marking a "four consecutive rises" with a weekly gain exceeding 1% [2] - The Shenzhen Component Index fell by 0.19% to 10,183.7 points, while the ChiNext Index decreased by 0.45% to 2,039.44 points; the North Stock 50 dropped by 0.53% [2] - Hong Kong's three major indices collectively declined, with the Hang Seng Index down 0.48% to 23,792.54 points, and a total trading volume of HKD 2,356.22 million; the Hang Seng China Enterprises Index and Hang Seng Tech Index both fell by 0.63% [2] - In the US market, the Dow Jones increased by 1.05% to 42,762.87 points, the S&P 500 rose by 1.03% to 6,000.36 points, and the Nasdaq gained 1.20% to 19,529.95 points [2] Foreign Exchange Reserves - As of the end of May 2025, China's foreign exchange reserves stood at USD 32,853 billion, an increase of USD 36 billion from the end of April, reflecting a growth rate of 0.11% [3] - The rise in reserves was influenced by fiscal and monetary policies of major economies and economic growth prospects, alongside fluctuations in exchange rates and asset prices [3] - The stability of foreign exchange reserves is supported by the continuous recovery and improvement in the quality of China's economy [3] Corporate Governance and Market Management - The Shanghai Stock Exchange (SSE) is promoting increased dividend payouts by listed companies and encouraging the use of buybacks, mergers and acquisitions, and investor communication as tools for market value management [3] - The SSE emphasizes the ongoing improvement of the capital market system, structure, and institutional mechanisms, reinforcing confidence in Chinese assets [3] - Future initiatives will include enhancing the dividend index product system to meet diverse market investment needs and fostering positive interactions between long-term capital and quality equity assets [3]

Macro Economic Indicators - As of the end of May, China's gold reserves stood at 73.83 million ounces (approximately 2,296.37 tons), marking an increase of 60,000 ounces (about 1.86 tons) month-on-month, representing the seventh consecutive month of gold accumulation by the central bank [1][3]. - The National Bureau of Statistics released the Consumer Price Index (CPI) and Producer Price Index (PPI) for May on June 9 [2][3]. - The 2025 China Marine Economy Development Index was released on June 8, indicating a 2.3% year-on-year growth, with the index projected to reach 125.2 in 2024, reflecting strong momentum in marine economic development [1][3]. Company Developments - BYD held its 2024 shareholder meeting on June 6, where Chairman Wang Chuanfu expressed confidence in achieving a sales target of 10 million vehicles in the next 5-10 years, emphasizing the importance of intelligent driving technology [15]. - Stone Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance global brand recognition and optimize capital structure [18]. - China Petroleum & Chemical Corporation (Sinopec) and Shanghai Electric Group discussed expanding their cooperation following a strategic agreement signed last year [18]. Market Trends - The first quarter of this year saw a 67.8% year-on-year increase in international cruise passenger transport in China, highlighting the robust growth of the marine economy [12]. - The number of newly registered private equity securities investment funds increased by over 45% year-on-year as of May 31, indicating a surge in both new and existing capital entering the market [13]. - High dividend returns and value enhancement strategies are being promoted by the Shanghai Stock Exchange to boost investor confidence and market activity [8]. Regulatory and Governance Updates - The State-owned Assets Supervision and Administration Commission (SASAC) issued new guidelines for the development planning of central enterprises, establishing a three-tier planning system [6]. - The China Securities Regulatory Commission approved the Central Huijin Investment Co., Ltd. as the actual controller of several securities and fund management companies [9][11].