北京市康达律师事务所 北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 北京市康达律师事务所 关于广东冠豪高新技术股份有限公司 2025 年第四次临时股东会的 法律意见书 二〇二五年十一月 法律意见书 关于广东冠豪高新技术股份有限公司 2025 年第四次临时股东会的法律意见书 康达股会字【2025】第 0486 号 致：广东冠豪高新技术股份有限公司 北京市康达律师事务所（以下称"本所"）接受广东冠豪高新技术股份有限公司（以 下称"公司"）的委托，指派本所律师列席了公司于 2025 年 11 月 18 日召 ...

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 证券代码：600433 证券简称：冠豪高新 公告编号：2025-047 广东冠豪高新技术股份有限公司 2025年第四次临时股东会决议公告 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 18 日 (二)股东会召开的地点：广东省广州市海珠区海洲路 18 号 TCL 大厦 26 层公司会 议室 (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： 1、 议案名称：关于续聘会计师事务所的议案 | 1、出席会议的股东和代理人人数 | 170 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 808,601,767 | | 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（%） | 46.1984 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会由公司董事会召集，由公司董事长李飞先生主持。会采取现场 ...

Market Overview - The paper sector experienced a decline of 2.06% on November 18, with Qingshan Paper leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Notable performers included Songyang Resources, which rose by 1.16% to a closing price of 19.21, and Senlin Packaging, which increased by 1.07% to 9.47 [1] - Qingshan Paper saw a significant decline of 7.69%, closing at 3.96, with a trading volume of 2.9583 million shares [2] - Other stocks such as Yuyuan Paper and BoHui Paper also experienced declines of 2.99% and 2.70%, respectively [2] Trading Volume and Capital Flow - The paper sector saw a net outflow of 388 million yuan from institutional investors, while retail investors contributed a net inflow of 423 million yuan [2] - The trading volume for the paper sector was highlighted, with significant transactions recorded for stocks like Qingshan Paper and Yuyuan Paper [2] Capital Flow Analysis - Forest Packaging had a net inflow of 5.3532 million yuan from institutional investors, while it faced a net outflow of 747.19 million yuan from retail investors [3] - Other stocks like Hengda New Materials and Wuzhou Special Paper experienced notable net outflows from institutional investors, indicating a shift in investor sentiment [3]

Core Points - Guangdong Guanhao High-tech Co., Ltd. announced a shareholding change due to Guangdong Yuecai Venture Capital Co., Ltd. executing a previously disclosed reduction plan, which does not trigger a mandatory bid [2] - From October 20, 2025, to November 14, 2025, Yuecai Venture Capital reduced its shareholding by 15,840,600 shares through centralized bidding, decreasing its total shares held from 103,354,541 to 87,513,941 [2] - Following this reduction, Yuecai Venture Capital's shareholding percentage fell from 5.91% to 4.999999%, crossing below the 5% threshold [2]

广东冠豪高新技术股份有限公司 简式权益变动报告书 广东冠豪高新技术股份有限公司 简式权益变动报告书 上市公司名称：广东冠豪高新技术股份有限公司 股票上市地：上海证券交易所 股票简称：冠豪高新 股票代码：600433 信息披露义务人：广东粤财创业投资有限公司 注册/通讯地址：广州市越秀区东风中路481号粤财大厦13楼A室 信息披露义务人之一致行动人之一：广州润华置业有限公司 注册/通讯地址：广州市越秀区东风中路481号粤财大厦5楼502室 信息披露义务人之一致行动人之二：广东粤财实业发展有限公司 注册/通讯地址：广州市越秀区东风中路481号粤财大厦13楼 股份变动性质：股份减少，信息披露义务人及其一致行动人合计 持股比例降至5%以下。 签署日期：2025年11月14日 广东冠豪高新技术股份有限公司 简式权益变动报告书 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》《上市公司收购管理办 法》《公开发行证券公司信息披露内容与格式准则第 15 号—权益变动报告书》等 相关的法律、法规及规范性文件编写本报告书。 二、信息披露义务人签署本报告已获得必要的授权和批准，其履行亦不违反 信息披露义务人所持有 ...

证券代码：600433 证券简称：冠豪高新 公告编号：2025-046 广东冠豪高新技术股份有限公司 关于持股 5%以上股东减持至 5%以下的权益变动 提示性公告 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： 公司于2025年9月6日披露了《冠豪高新关于持股5%以上股东减持股份计划的 公告》（公告编号：2025-035）,粤财创投计划通过集中竞价方式减持公司股份数 量不超过17,502,792股，减持比例不超过公司股份总数的1%，减持期间为2025 年9月29日至2025年12月28日。 公司于2025年11月14日收到粤财创投出具的《简式权益变动报告书》和《关 于减持股份暨减持后持股比例降至5%以下的告知函》，粤财创投于2025年10月20 日至2025年11月14日通过集中竞价交易方式减持公司股份15,840,600股，本次权 益变动后，粤财创投及其一致行动人持有公司股份数量由103,354,541股减少至 87,513,941股，持股比例由5.91%下降至4.999999%，跨越5%刻度。具体情况如下： ...

Market Overview - The paper sector experienced a decline of 0.34% on November 17, with Songyang Resources leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Individual Stock Performance - Qing Shan Paper (600103) saw an increase of 2.39% in its closing price at 4.29, with a trading volume of 314.05 million shares [1] - Changxing Wanye (002067) rose by 2.01% to close at 6.10, with a trading volume of 141.35 million shares [1] - Songyang Resources (603863) experienced the largest decline, falling by 5.52% to 18.99, with a trading volume of 129,800 shares [2] Capital Flow Analysis - The paper sector had a net outflow of 131 million yuan from institutional investors, while retail investors saw a net inflow of 53.63 million yuan [2] - Institutional investors showed a net inflow of 77.70 million yuan from speculative funds [2] Detailed Capital Flow for Selected Stocks - Qing Shan Paper had a net inflow of 32.01 million yuan from institutional investors, while retail investors had a net outflow of 50.99 million yuan [3] - Yueyang Lin Paper (600963) recorded a net inflow of 14.03 million yuan from institutional investors, with retail investors also experiencing a net outflow of 6.29 million yuan [3] - Songyang Resources had a significant net outflow of 25.36 million yuan from institutional investors [3]

广东冠豪高新技术股份有限公司 2025 年第四次临时股东会 会议材料 广东·广州 2025 年 11 月 18 日 广东冠豪高新技术股份有限公司 2025 年第四次临时股东会会议须知 2025 年第四次临时股东会议程 根据中国证券监督管理委员会《上市公司股东会规则》和《公司章程》 的有关规定，为确保广东冠豪高新技术股份有限公司（以下简称"公司"） 股东会顺利召开，特制定股东会须知如下，望出席股东会的全体人员遵守 执行： 一、股东参加股东会，应当认真履行其法定义务，不得侵犯其他股东 权益； 二、股东会期间，全体出席人员应以维护股东的合法利益、以确保会 议正常秩序和议事效率为原则，认真履行法定职责； 三、出席会议的股东依法享有发言权、咨询权、表决权等各项权利， 但需由公司统一安排发言和解答； 四、任何人不得扰乱会议的正常秩序和会议程序；会议期间请关闭手 机或将其调至震动状态。 广东冠豪高新技术股份有限公司 一、现场会议召开的日期、时间和地点： 召开的日期、时间：2025 年 11 月 18 日（星期二）15:00 开始 召开地点：广东省广州市海珠区海洲路 18 号 TCL 大厦 26 层公司会议 室 二、网络投票 ...

Core Viewpoint - The company is undergoing a strategic transformation from a traditional paper enterprise to a new materials platform, focusing on long-term market positioning rather than short-term order growth [1][2] Financial Performance - In the first three quarters, the company achieved revenue of 5.234 billion yuan and a net loss attributable to shareholders of 94 million yuan, with total assets reaching 11.863 billion yuan, a 5.66% increase from the end of the previous year [1] Industry Challenges - The company faces dual challenges from weak industry demand and fluctuations in raw material prices, reflecting the transitional phase of its transformation [1] Strategic Transformation - The company is actively pursuing a strategic transformation, with a 60,000-ton specialty paper project currently in the debugging phase and new materials like reverse osmosis membrane support materials and fuel cell carbon paper entering customer validation stages [1][2] - This transformation involves not only technological upgrades but also deep organizational and strategic restructuring, which may not be immediately reflected in financial reports [1] Cost Control Initiatives - The Zhanjiang 400,000-ton chemical pulp project is scheduled to commence production in early 2026, which will enable self-sufficiency in core raw materials, effectively reducing production costs for specialty paper and white cardboard, thereby significantly enhancing product gross margins [1] Market Expansion - The rise of new consumption scenarios, such as digital printing, new-style tea drinks, boutique coffee, and domestic beauty brands, is creating strong demand for products like sublimation transfer paper and new food-grade coated packaging materials [2] - The company is solidifying partnerships with leading international fast-moving consumer goods clients while actively exploring additional large customer resources, indicating a broad market expansion potential [2] Policy and Resource Empowerment - Leveraging its state-owned enterprise background, the company is deeply involved in strategic restructuring and professional integration, with the potential to acquire more new materials-related assets as policies favoring the concentration of quality assets in listed companies are implemented [2] - The company's proactive positioning in environmentally friendly packaging and low-carbon materials is expected to benefit from potential consumer stimulus and green manufacturing support policies [2] Short-term Outlook - In the short term, the company's performance is still in a "bottoming" phase due to factors such as project ramp-up, pulp price fluctuations, and seasonal demand weakness [2] Long-term Perspective - From a medium to long-term perspective, the company has opened three upward channels for growth: cost optimization, product upgrades, and market expansion, indicating a steady progression in its transformation [2]

Group 1 - The paper sector experienced a slight increase of 0.02% on November 7, with Sun Paper leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] - Key stocks in the paper sector showed varied performance, with Sun Paper closing at 14.71, up 2.22%, and other notable stocks like Xianhe Co. and Guanmeng High-tech also showing positive gains [1] Group 2 - The paper sector saw a net outflow of 156 million yuan from institutional investors, while retail investors contributed a net inflow of 215 million yuan [2] - The trading volume and turnover for various stocks in the paper sector varied significantly, with Sun Paper leading in both volume and turnover [2] - Specific stocks like Songyang Resources and Laifeng Co. experienced significant declines, with Songyang Resources down 5.01% [2] Group 3 - Sun Paper had a net inflow of 82.83 million yuan from institutional investors, while it faced outflows from retail and speculative investors [3] - Other stocks like Bohui Paper and Guanmeng High-tech also showed mixed net inflows and outflows from different investor categories [3] - The overall sentiment in the paper sector appears to be cautious, with significant net outflows from institutional and speculative investors [3]