Group 1: Liquidity and Fund Performance - The liquidity of the rare earth ETF managed by Jiashi has a turnover rate of 6.85% with a transaction volume of 216 million yuan [3] - As of July 21, the Jiashi rare earth ETF has reached a scale of 3.145 billion yuan, marking a one-year high and ranking first among comparable funds [3] - In the past week, the Jiashi rare earth ETF has seen a significant increase in shares by 12 million, leading in new share growth among comparable funds [3] - The latest net inflow of funds into the Jiashi rare earth ETF is 78.4154 million yuan, with a total of 305 million yuan net inflow over four out of the last five trading days [3] - The Jiashi rare earth ETF has achieved a net value increase of 63.74% over the past year, ranking 131 out of 2929 in the index stock fund category, placing it in the top 4.47% [3] - Since its inception, the Jiashi rare earth ETF has recorded a highest monthly return of 41.25% and an average monthly return of 9.69% [3] Group 2: Market Trends and Price Movements - Since July, domestic rare earth product prices have shown signs of recovery, with the average market price of praseodymium and neodymium oxide reaching 477,000 yuan per ton, reflecting a week-on-week increase of 5.3% and a month-on-month increase of 8.2% [4] - The upcoming consumption peak season in September and October is expected to drive raw material procurement, leading to a positive outlook for rare earth prices [4] - Historical trends indicate that high overseas prices often lead to domestic price increases, potentially enhancing corporate profits and creating a dual opportunity for valuation and profit expansion in the sector [4] Group 3: Key Stocks in the Rare Earth Sector - The top ten weighted stocks in the rare earth industry index as of June 30, 2025, include Northern Rare Earth, China Rare Earth, and China Aluminum, collectively accounting for 55.58% of the index [4] - The performance of key stocks shows varied changes, with Northern Rare Earth down by 2.40% and Xiamen Aluminum up by 3.50% [6]

| 排名 | 板块名称 | 主力资金净流出 (亿元) | 主力资金净流出率(%) | | --- | --- | --- | --- | | ح | 计算机 | -57.12 | -7.37 | | 2 | 机械设备 | -42.50 | -4.10 | | 3 | 非银金融 | -39.89 | -11.48 | | ব | 基础化工 | -27.56 | -4.90 | | 5 | 交运设备 | -24.82 | -5.72 | 主力资金监控：海螺水泥净卖出超8亿 智通财经7月22日电，智通财经星矿数据显示，今日早盘主力资金净流入贵金属、生物制品、半导体等板块，净流出计算机、机械设 备、非银金融等板块，其中计算机板块净流出超57亿元。个股方面，长城军工涨停，主力资金净买入7.71亿元位居首位，宁德时 代、寒武纪-U、华伍股份获主力资金净流入居前；海螺水泥遭净卖出超8亿元，卧龙电驱、中油资本、建设工业主力资金净流出额居 前。 | 排名 | 板块名称 | 主力资金净流入（亿元） | 主力资金净流入率(%) | | --- | --- | --- | --- | | | 贵金属 | 4.38 | 5.60 | ...

Group 1 - The company held its 17th temporary board meeting on July 21, 2025, with all 7 directors present, including independent directors participating via communication [2][4] - The board approved the proposal to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [3][6] - The proposal requires approval from the shareholders' meeting [5] Group 2 - The H-shares will be publicly offered on the main board of the Hong Kong Stock Exchange, with a nominal value of RMB 1.00 per share [7][9] - The issuance will target global investors, including public investors in Hong Kong and qualified domestic institutional investors [13] - The issuance method will include both public offering in Hong Kong and international placement [15] Group 3 - The proposed issuance scale is up to 10% of the total share capital post-issuance, with an option for an additional 15% through an over-allotment option [17] - The final pricing will be determined based on market conditions and investor demand [20] - The distribution of shares will follow a mechanism that considers the number of valid applications received during the public offering [22] Group 4 - The company plans to use the funds raised for capacity expansion, enhancing production infrastructure, and general working capital [28] - The board's resolutions regarding the issuance will remain valid for 24 months from the date of approval by the shareholders' meeting [30] - The board is authorized to handle all matters related to the issuance and listing of H-shares [32] Group 5 - The company will register as a "non-Hong Kong company" under Hong Kong law to facilitate the listing process [60] - The board approved the appointment of independent directors to enhance governance in line with listing requirements [63] - The company will revise its articles of association and related rules to comply with the new listing regulations [73]

Core Viewpoint - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [1][2]. Meeting Details - The 15th meeting of the 9th Supervisory Board was held on July 21, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [1][2]. H Share Issuance Proposal - The Supervisory Board approved the proposal for issuing H shares and listing on the Hong Kong Stock Exchange, which requires further approval from the shareholders' meeting [2][3]. - The H shares will be publicly offered on the Hong Kong Stock Exchange and will have a nominal value of RMB 1.00 per share [2][3]. Issuance and Listing Plan - The issuance will be conducted globally, targeting both Hong Kong public investors and international investors, including qualified domestic institutional investors [3][4]. - The final number of H shares to be issued will not exceed 10% of the total share capital post-issuance, with an option for an additional 15% through an over-allotment option [5][6]. Use of Proceeds - The funds raised from the issuance will be used for capacity expansion, enhancing production infrastructure, global R&D, and general working capital [8][9]. Shareholder Rights and Profit Distribution - The retained earnings before the issuance will be shared among new and existing shareholders based on their shareholding ratios post-issuance [10][11]. Insurance and Audit Arrangements - The company plans to purchase liability insurance for directors and senior management and appoint an auditing firm for the issuance process [11][12].

Group 1 - The company, Wolong Electric Drive Group Co., Ltd., will hold its second extraordinary general meeting of shareholders on August 6, 2025, at 14:00 [1][3] - The meeting will take place at the company's conference room located at 555 Fuxing West Road, Cao'e Street, Shangyu District, Shaoxing City, Zhejiang Province [1] - Shareholders can participate in voting through the Shanghai Stock Exchange's online voting system, with voting times specified for both trading and internet platforms [1][6] Group 2 - The agenda for the meeting includes proposals for changing registered capital, canceling the supervisory board, and amending the company's articles of association and related rules [2][4] - Additional proposals include issuing H shares and listing on the Hong Kong Stock Exchange, along with related matters such as appointing an auditing firm and revising the company's governance documents for H share listing [3][4] - The meeting will utilize a combination of on-site and online voting methods, with specific instructions for shareholders holding multiple accounts [5][10] Group 3 - Shareholders must register to attend the meeting, with registration available on August 5, 2025, and can also authorize representatives to vote on their behalf [8][9] - The company has outlined the voting procedures, including the use of cumulative voting for electing directors and supervisors, allowing shareholders to allocate their votes among candidates [12][13] - The company emphasizes that any duplicate voting will be counted only once, and shareholders must complete voting for all proposals before submission [10][11]

Core Points - The document outlines the confidentiality and archival management system for the overseas issuance and listing of securities by Wolong Electric Drive Group Co., Ltd [1][2] - The system aims to ensure national economic security, protect public interests, and safeguard the company's interests during the overseas issuance and listing process [1][2] Group 1: Definition and Scope - "Overseas issuance and listing" refers to the direct or indirect issuance of securities or listing of securities in countries or regions outside mainland China [2] - The system applies to the entire process of overseas issuance and listing, including preparation, application, review/filing, and listing stages [2] - The system is applicable to the company and all subsidiaries and branches included in the company's consolidated financial statements [2] Group 2: Compliance and Responsibilities - The company must strictly comply with relevant laws and regulations and ensure that hired securities companies and service institutions also adhere to these requirements [3][4] - The company is responsible for ensuring that any documents or materials involving state secrets or work secrets are approved by the relevant authorities before disclosure [5][6] - If there is uncertainty regarding whether documents are state secrets, the company must seek clarification from the relevant confidentiality administrative departments [3][4] Group 3: Document Handling and Security - The company must handle documents according to national confidentiality regulations and provide written explanations to securities companies regarding the handling of sensitive materials [4][5] - Any documents that may negatively impact national security or public interests must follow strict procedures before being disclosed [6][7] - The company must ensure that working papers and archives created during the overseas issuance process are stored domestically unless proper approval is obtained for export [6][7] Group 4: Monitoring and Compliance Checks - The company is required to conduct regular self-checks on confidentiality and archival management during the overseas issuance process [6][7] - Any violations discovered during self-checks must be addressed with appropriate corrective measures [6][7] - The company must clarify the rights and responsibilities of personnel who have access to state secrets and conduct regular supervision of their compliance [6][7]

第一章 总则 卧龙电气驱动集团股份有限公司 对外担保管理制度（草案） （H 股发行并上市后适用） 第一条 为了维护投资者的利益，规范卧龙电气驱动集团股份有限公司（以 下简称"公司"）的担保行为，控制公司资产运营风险，促进公司健康稳定地发展， 根据《中华人民共和国公司法》 《中华人民共和国民法典》 《上市公司监管指引第 证券上市规则》以及《卧龙电气驱动集团股份有限公司章程》 （以下简称"《公司 章程》"）等的相关规定，制定本制度。 第二条 本制度所称担保是指公司以第三人身份为他人提供的保证、抵押或 质押，包括公司对控股子公司的担保。公司及其控股子公司的对外担保总额，是 指包括公司对控股子公司担保在内的公司对外担保总额与控股子公司对外担保 之和。 第三条 公司控股子公司对于向公司合并报表范围之外的主体提供担保的， 视同公司提供担保，公司应按照本制度规定执行。 第四条 公司对外担保实行统一管理，未经公司董事会或股东会批准，任何 人无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。 第五条 公司董事和高级管理人员应审慎对待和严格控制担保产生的债务风 险，并对违规或失当的对外担保产生的损失依法承担连带责任。 ...

卧龙电气驱动集团股份有限公司 董事会审计委员会工作细则（草案） 第一章 总则 第一条 为强化卧龙电气驱动集团股份有限公司（以下简称"公司"）董事会决 策功能，做到事前审计、专业审计，确保董事会对经理层的有效监督，持续完善 公司内部控制体系，完善公司治理结构，公司董事会特决定设立董事会审计委员 会（以下简称"审计委员会")。 第三条 审计委员会是董事会设立的专门工作机构，主要负责公司与外部审 计的沟通、监督和核查，对内部审计的监管，对公司内部控制体系的评价与完 善，以及对公司正在运作的重大投资项目等进行风险分析。审计委员会向董事会 报告工作并对董事会负责。 （H 股发行并上市后适用） 第二条 为保证审计委员会规范、高效地开展工作，公司董事会根据《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》《上市公司 治理准则》《上海证券交易所股票上市规则》（以下简称《股票上市规则》）、《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》《香港联合交易所有 限公司证券上市规则》（以下简称《香港上市规则》）及《卧龙电气驱动集团股份 有限公司章程》（以下简称《公司章程》）等有关规定，特制订《卧龙电 ...

第一章 总则 第一条 本制度所指的独立董事，是指不在公司担任除董事外的其他职务，并 与公司及公司主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能 影响其进行独立客观判断关系的董事。 卧龙电气驱动集团股份有限公司 独 立 董 事 工 作 制 度 （ 草 案 ） （H 股发行并上市后适用） 为进一步完善卧龙电气驱动集团股份有限公司（以下简称"公司"）治理法人结 构，促进公司规范运作，充分发挥独立董事在公司治理中的作用，维护公司整体利 益，保障全体股东特别是中小股东的合法权益不受损害。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》《上市公司独立董事管理办 法》及《上市公司治理准则》《上海证券交易所股票上市规则》《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》《香港联合交易所有限公司证券上市规 则》（以下简称《香港上市规则》）等法律、行政法规、规章、规范性文件以及《卧 龙电气驱动集团股份有限公司章程》（以下简称《公司章程》）的相关规定，特制定 《卧龙电气驱动集团股份有限公司独立董事工作制度》（以下简称"本制度"）。 本制度中"独立董事"的含义与《香港上市规则》中 ...

第一条 为了维护投资者的利益，规范卧龙电气驱动集团股份有限公司（以 下简称"公司"）的担保行为，控制公司资产运营风险，促进公司健康稳定地发展， 根据《中华人民共和国公司法》《中华人民共和国民法典》《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》《香港联合交易所有限公司 证券上市规则》以及《卧龙电气驱动集团股份有限公司章程》（以下简称"《公司 章程》"）等的相关规定，制定本制度。 第二条 本制度所称担保是指公司以第三人身份为他人提供的保证、抵押或 质押，包括公司对控股子公司的担保。公司及其控股子公司的对外担保总额，是 指包括公司对控股子公司担保在内的公司对外担保总额与控股子公司对外担保 之和。 卧龙电气驱动集团股份有限公司 对外担保管理制度（草案） （H 股发行并上市后适用） 第一章 总则 第五条 公司董事和高级管理人员应审慎对待和严格控制担保产生的债务风 险，并对违规或失当的对外担保产生的损失依法承担连带责任。 第六条 公司对外担保应当遵循合法、审慎、互利、安全的原则，严格控制 担保风险。 第七条 上市公司为控股股东、实际控制人及其关联方提供担保的，控股股 东、实际控制人及其关联方应当提 ...