Meeting Information - The third extraordinary general meeting of shareholders will be held on August 1, 2025 [1] - The meeting will utilize the Shanghai Stock Exchange's online voting system [1] - The meeting will be convened by the board of directors [1] - Voting will be conducted through a combination of on-site and online methods [1] - The on-site meeting will take place at 9:00 AM at the company's administrative building in Jiaozuo City [1] Voting Procedures - The online voting period is from 9:15 AM to 3:00 PM on the day of the meeting [1] - Specific voting times through the trading system are from 9:15-9:25, 9:30-11:30, and 1:00-3:00 [1] - Shareholders can vote via the Shanghai Stock Exchange's online platform or through designated trading securities companies [4][5] Agenda Items - The meeting will review several proposals related to the issuance of A-shares to specific targets for the year 2025 [2] - Key proposals include feasibility analysis reports, dilution measures, and related party transactions [2] - A proposal for the company's dividend return plan for the next three years (2025-2027) will also be discussed [2] Attendance and Registration - Shareholders registered by the close of trading on July 29, 2025, are eligible to attend [5] - Shareholders can appoint proxies to attend and vote on their behalf [5] - Registration requires identification and proof of shareholding [6] Additional Information - The company's contact details for inquiries include an address in Jiaozuo City and a phone number [6]

Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to ensure a scientific, sustainable, and stable dividend decision-making and supervision mechanism, aiming to actively return to investors and promote long-term and rational investment concepts [1][2]. Group 1: Considerations and Principles - The plan considers long-term sustainable development, profitability, operational development plans, shareholder returns, social capital costs, and external financing environments [1]. - The company aims to balance short-term interests and long-term development while prioritizing cash dividends for profit distribution [2]. Group 2: Specifics of the Shareholder Return Plan - The company can distribute dividends in cash, stock, or a combination of both, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash [2][3]. - Annual dividends are generally conducted, and under certain conditions, mid-term profit distributions can be approved at the annual shareholders' meeting [2]. Group 3: Conditions for Cash Dividends - Cash dividends will be distributed when the company is profitable and has positive undistributed profits, with exceptions for significant cash expenditures exceeding 30% of the latest audited net assets [3]. - The board may propose stock dividends if it believes that the stock price does not match the company's capital scale and that it benefits all shareholders [3]. Group 4: Decision-Making Procedures - The annual profit distribution plan is proposed by the general manager and submitted to the board for review, with independent directors having the right to express opinions if they believe the plan may harm the company or minority shareholders [4]. - The board must communicate with shareholders, especially minority shareholders, to gather their opinions and address their concerns [4]. Group 5: Adjustment Mechanism - The profit distribution policy can be adjusted in response to force majeure events or significant changes in the external operating environment [4]. - Any adjustments must be thoroughly discussed by the board, considering minority shareholders' opinions, and submitted for special resolution at the shareholders' meeting [4]. Group 6: Cash Dividend Policy Goals - The company's cash dividend policy aims for residual dividends, with specific conditions under which profit distribution may not occur, such as negative operating cash flow or high asset-liability ratios [5].

Core Points - Windshun Tire Co., Ltd. announced the resignation of non-independent director Li Hong due to work reasons, along with his position on the board's strategic committee [1] - To ensure the normal operation of the ninth board's strategic committee, the board nominated and elected Guo Zhanqiang as a new member of the strategic committee [1] - Guo Zhanqiang, aged 42, currently serves as the deputy general manager of the company's Jiaozuo branch and has held various positions within the company [2]

Core Viewpoint - The announcement details the signing of a conditional share subscription agreement between Windson Tire Co., Ltd. and a specific investor, China National Chemical Corporation Rubber Co., Ltd., which constitutes a related party transaction [1][2]. Summary by Sections Related Party Transaction Overview - The share issuance involves no more than 35 specific investors, with the controlling shareholder, China National Chemical Corporation Rubber Co., Ltd., planning to subscribe for shares amounting to no less than RMB 200 million and no more than RMB 300 million [1][2]. - The transaction requires approval from the shareholders' meeting, and related shareholders will abstain from voting [1][2]. Basic Information of Related Party - China National Chemical Corporation Rubber Co., Ltd. has a registered capital of RMB 1.6 billion and is wholly owned by China National Chemical Corporation, which is controlled by the State-owned Assets Supervision and Administration Commission [2]. Transaction Targets and Pricing Method - The transaction involves the issuance of ordinary shares (A shares) with a pricing benchmark set for the first day of the issuance period [4]. - The issuance price will not be lower than 80% of the average trading price of the company's A shares over the 20 trading days prior to the pricing benchmark date, and it must also exceed the audited net asset value per share from the last fiscal year [4]. Main Content of the Related Party Agreement - The subscription price for the controlling shareholder will be determined through a bidding process, and they will not participate in the bidding [5][6]. - The maximum number of shares to be issued is capped at 218,835,261 shares, with the final number subject to adjustments based on market conditions and regulatory approvals [6]. Purpose and Impact of the Transaction - The transaction aims to enhance production capacity for giant engineering radial tires, addressing the current production capacity shortfall and increasing market share amid intensifying competition [8][9]. - The funds raised will support business expansion and improve the company's capital structure, thereby enhancing overall competitiveness and laying a foundation for sustainable high-quality development [10]. Approval Procedures for the Transaction - The transaction has been approved by the company's board of directors and requires further approval from the shareholders' meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [11].

Core Viewpoint - Fengshen Tire Co., Ltd. plans to issue A-shares to specific investors, which may dilute immediate returns for existing shareholders, but the company has proposed measures to mitigate this impact [1][2][5]. Financial Impact Analysis - The issuance will increase the total share capital from 72,945,090 shares to a maximum of 94,828,610 shares [3]. - Under three scenarios for 2025 net profit, the basic earnings per share (EPS) will be affected as follows: - Scenario 1 (2025 net profit unchanged from 2024): EPS will decrease from 0.39 to 0.38 [4]. - Scenario 2 (10% increase in net profit): EPS will increase from 0.39 to 0.42 [4]. - Scenario 3 (20% increase in net profit): EPS will increase from 0.39 to 0.46 [4]. Necessity and Rationality of the Issuance - The issuance is deemed necessary to seize industry opportunities, enhance core competitiveness, and solidify the company's market position, benefiting both the company and its shareholders [5][6]. Relationship with Existing Business - The funds raised will be invested in a project to expand the production capacity of high-performance giant engineering radial tires, aligning with the company's main business and market demand [6][8]. Resource Reserves for Investment Projects - The company has a strong talent pool, technical expertise, and market presence to support the successful implementation of the investment projects [9][10]. Measures to Mitigate Dilution of Immediate Returns - The company will manage the raised funds effectively, accelerate business expansion, optimize operational management, and enhance profit distribution policies to protect shareholder interests [10][11]. Commitments from Related Parties - The controlling shareholders and management have committed to ensuring the effectiveness of measures to mitigate the dilution of immediate returns [11].

Summary of Key Points Core Viewpoint - The report details the usage of funds raised by Windshun Tire Co., Ltd. through a non-public offering, confirming that all funds have been utilized as planned without any changes to investment projects or temporary idle funds [1]. Group 1: Fundraising Overview - The company raised a total of RMB 625,965,899.02 through the issuance of 168,723,962 shares at a price of RMB 3.71 per share, with a net amount of RMB 622,451,776.78 after deducting issuance costs [1]. - As of March 31, 2025, the balance of the raised funds is reported as zero [1]. Group 2: Fund Utilization - The actual usage of the raised funds totaled RMB 62,245.18 million, with no changes in the investment projects [1]. - The company approved the use of RMB 46 million of the raised funds to replace self-raised funds that were previously invested in the projects [1]. Group 3: Economic Benefits - The report indicates that certain projects funded by the raised capital do not generate direct economic benefits and cannot be individually accounted for [1]. - There is no applicable difference between the cumulative realized benefits from the investment projects and the promised cumulative benefits [1]. Group 4: Asset Operation - There are no instances of using the raised funds for acquiring shares in assets [1]. Group 5: Approval and Reporting - The report was approved by the board of directors on July 16, 2025 [1].

Core Viewpoint - The report provides an independent assurance on the non-recurring profit and loss statement of Windshun Tire Co., Ltd. for the periods of January to March 2025, the year 2024, 2023, and 2022, confirming its compliance with relevant regulations and accuracy in representation [1][2]. Group 1 - The report is intended solely for Windshun Tire's application for a specific stock issuance and should not be used for any other purpose [1]. - The management of Windshun Tire is responsible for ensuring the non-recurring profit and loss statement is true, accurate, and complete, without any false records or significant omissions [2]. - The independent auditor's responsibility is to provide an assurance conclusion on the management-prepared statement, ensuring it is free from material misstatement [2]. Group 2 - The assurance work was conducted in accordance with the relevant auditing standards, which required planning and implementation to obtain reasonable assurance regarding the statement's accuracy [2]. - The conclusion states that the non-recurring profit and loss statement fairly reflects the financial situation of Windshun Tire for the specified periods, in accordance with the applicable disclosure regulations [2].

风神轮胎股份有限公司（以下简称"公司"）于 2025 年 7 月 16 日召开第九届 董事会第十二次会议，审议通过了《关于公司 2025 年度向特定对象发行 A 股股 票预案的议案》等相关议案。具体内容详见公司在上海证券交易所网站 （www.sse.com.cn）披露的相关公告，敬请投资者注意查阅。 股票代码：600469 股票简称：风神股份 公告编号：临 2025-045 风神轮胎股份有限公司 关于 2025 年度向特定对象发行 A 股股票预案披露的 提示性公告 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。 本次 2025 年度向特定对象发行 A 股股票预案的披露事项不代表审批机关对 本次发行相关事项的实质性判断、确认或批准，预案所述本次向特定对象发行 A 股股票相关事项的生效和完成尚需公司股东会审议通过、上海证券交易所审核通 过及中国证监会同意注册后方可实施，本次公司向特定对象发行 A 股股票能否成 功实施存在不确定性，敬请广大投资者注意投资风险。 特此公告。 风神轮胎股份有限公司董事会 2025 年 7 月 17 ...

证券代码：600469 证券简称：风神股份 风神轮胎股份有限公司 2025 年度 向特定对象发行 A 股股票 方案论证分析报告 二〇二五年七月 风神轮胎股份有限公司（以下简称"风神股份""公司"）为上海证券交易所主板 上市公司。为满足业务发展的资金需求，增强公司资本实力和盈利能力，根据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简 称"《证券法》"）、《风神轮胎股份有限公司章程》（以下简称"《公司章程》"） 和中国证券监督管理委员会（以下简称"中国证监会"）发布的《上市公司证券发行注 册管理办法》（以下简称"《注册管理办法》"）等有关法律、法规和规范性文件的规 定，公司编制了向特定对象发行 A 股股票方案的论证分析报告。 本论证分析报告中，若无特别说明，相关用语具有与《风神轮胎股份有限公司 2025 年度向特定对象发行 A 股股票预案》中相同的含义。 一、本次发行股票的背景和目的 （一）本次发行的背景 1、国家产业政策支持 我国在巨型工程子午线轮胎上仍然处于起步阶段，全钢巨型工程子午线轮胎由于技 术难度大、质量要求高，目前全球市场主要被国际三大品牌米其林、普利司通、固特 ...

风神轮胎股份有限公司 2025 年度 向特定对象发行 A 股股票 预 案 二〇二五年七月 发行人声明 证券代码：600469 证券简称：风神股份 投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或其他专业顾 问。 本预案所述事项并不代表审批机关对于本次发行相关事项的实质性判断、确认、批 准或核准，本预案所述本次向特定对象发行股票相关事项的生效和完成尚待公司股东会 审议通过、上海证券交易所审核通过并经中国证监会作出同意注册决定。 2 重大事项提示 1、本次发行相关事项已于2025年7月16日经公司第九届董事会第十二次会议审议通 过。根据有关法律、法规的规定，本次发行尚需公司股东会审议通过、上海证券交易所 审核及中国证监会同意注册后方可实施。 2、本次发行的发行对象为包括橡胶公司在内的不超过35名（含35名）符合中国证 监会规定条件的特定对象，包括符合中国证监会规定的证券投资基金管理公司、证券公 司、财务公司、保险机构投资者、信托公司、合格境外机构投资者、人民币合格境外机 构投资者以及其他合格的投资者等。证券投资基金管理公司、证券公司、合格境外机构 投资者、人民币合格境外机构投资者以其管理的二只以上产 ...