第一条 为规范上海汇通能源股份有限公司（以下简称公司）信息披露暂缓与豁免 行为，督促公司依法合规履行信息披露义务，保护投资者的合法权益，根据《中华人民 共和国证券法》《上海证券交易所股票上市规则》（以下简称《股票上市规则》）、《上市 公司信息披露暂缓与豁免管理规定》等有关法律、法规、部门规章、规范性文件和《上 海汇通能源股份有限公司章程》（以下简称公司章程）的有关规定，制定本制度。 第二条 公司按照《股票上市规则》及上海证券交易所其他相关业务规则的规定， 办理信息披露暂缓、豁免业务的，适用本制度。 第三条 公司拟披露的信息涉及商业秘密或者保密商务信息（以下统称商业秘密）， 符合下列情形之一，且尚未公开或者泄露的，可以暂缓或者豁免披露： （一）属于核心技术信息等，披露后可能引致不正当竞争的； 上海汇通能源股份有限公司 信息披露暂缓与豁免事务管理制度 第一章 总 则 （二）属于公司自身经营信息，客户、供应商等他人经营信息，披露后可能侵犯公 司、他人商业秘密或者严重损害公司、他人利益的； （三）披露后可能严重损害公司、他人利益的其他情形。 第四条 公司有确实充分的证据证明拟披露的信息涉及国家秘密或者其他因披露可 能 ...

第四条 薪酬与考核委员会委员由董事长、二分之一以上独立董事或全体董事的三 分之一以上提名，并由董事会选举产生。 上海汇通能源股份有限公司 董事会薪酬与考核委员会工作细则 第一章 总 则 第一条 为进一步建立健全本公司董事及高级管理人员的考核和薪酬管理制度，完 善公司治理结构，根据《上市公司治理准则》等有关法律、法规、部门规章、规范性文 件和《上海汇通能源股份有限公司章程》（以下简称公司章程）的有关规定，制定本细 则。 第二条 董事会薪酬与考核委员会是董事会下设的专门委员会，主要负责研究公司 董事与高级管理人员考核的标准，进行考核并提出建议；研究和审查董事、高级管理人 员的薪酬政策与方案。 第二章 人员组成 第三条 薪酬与考核委员会委员由三名董事组成，其中独立董事两名。 第五条 薪酬与考核委员会设主任委员(召集人)一名，由独立董事担任，负责主持 委员会工作；主任委员在委员内选举，并报请董事会批准产生。 第六条 薪酬与考核委员会任期与董事会任期一致，任期届满，可以连任。期间如 有委员不再担任公司董事职务，自动失去委员资格，并由委员会根据上述规定补足委员 人数。 第三章 职责权限 第七条 薪酬与考核委员会负责制定董 ...

Group 1 - The core viewpoint of the article highlights the performance of the Zhongzheng 2000 ETF Enhanced (159556), which rose by 0.77% to 1.184 yuan with a trading volume of 1.2689 million yuan as of the midday close on August 19 [1] - The fund's performance benchmark is the Zhongzheng 2000 Index return, managed by Ping An Fund Management Co., with a return of 17.65% since its establishment on December 27, 2023, and a return of 9.94% over the past month [1] Group 2 - The top holdings of the Zhongzheng 2000 ETF Enhanced include Zhenhua New Materials, which fell by 0.78%, Hengbao Co., which dropped by 3.70%, and Xinke Materials, which increased by 8.04% [1] - Other notable stock movements include Yongding Co. rising by 2.14%, Xuguang Electronics increasing by 0.89%, and Juguang Technology surging by 5.56%, while Huaitong Energy fell by 1.36% [1]

Market Overview - The Shanghai Composite Index closed at 3740.50 points, with an increase of 1.18% [1] - The total trading volume of A-shares reached 1,746.728 billion yuan [1] Technical Analysis - A total of 76 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Huitong Energy (600605) with a distance of -1.55% - Ansteel (000898) with a distance of -0.76% - *ST Lingda (300125) with a distance of -0.71% [1] Individual Stock Performance - Huitong Energy (600605) saw a slight decline of 0.14% with a trading turnover rate of 1.42% [1] - Ansteel (000898) remained unchanged with a trading turnover rate of 0.37% [1] - *ST Lingda (300125) decreased by 1.01% with a trading turnover rate of 1.63% [1] - Other notable stocks include: - Shennong Group (605296) increased by 0.75% [1] - Sifang New Materials (605122) rose by 1.51% [1] - Aidi Technology (301580) increased by 2.18% [1]

Core Points - The Shanghai Composite Index is at 3723.16 points with a change of 0.71% and total A-share trading volume of 1,258.194 billion yuan [1] - A total of 94 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] Group 1: Stocks with Significant Moving Average Crosses - Huaitong Energy (600605) has a 5-day moving average of 37.24 yuan, which is 1.60% lower than its 10-day moving average of 37.85 yuan, with a current price of 36.47 yuan [1] - Ansteel (000898) shows a 5-day moving average of 2.73 yuan, down 0.76% from its 10-day moving average of 2.75 yuan, with a latest price of 2.71 yuan [1] - *ST Lingda (300125) has a 5-day moving average of 6.96 yuan, which is 0.68% lower than its 10-day moving average of 7.01 yuan, with a current price of 6.88 yuan [1] Group 2: Other Notable Stocks - Shennong Group (605296) has a 5-day moving average of 32.15 yuan, down 0.62% from its 10-day moving average of 32.35 yuan, with a latest price of 32.08 yuan [1] - New Material (605122) shows a 5-day moving average of 14.09 yuan, which is 0.57% lower than its 10-day moving average of 14.17 yuan, with a current price of 14.12 yuan [1] - Aidi Tech (301580) has a 5-day moving average of 48.41 yuan, down 0.52% from its 10-day moving average of 48.66 yuan, with a latest price of 48.42 yuan [1]

Core Viewpoint - Huitong Energy plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. for a total transaction price of 195 million yuan, marking its first investment in the semiconductor industry [1][8]. Group 1: Investment Details - The investment consists of acquiring 1.82% equity for 45 million yuan and subscribing to 150 million yuan of new registered capital [1]. - Huitong Energy intends to further increase its investment or acquire more shares after the first production line reaches full capacity, with a maximum investment price of 2 yuan per share [1]. - Xinghua Chip, established in November 2022, focuses on semiconductor photomask manufacturing and is recognized as a major industrial project in Zhejiang Province for 2024 [1][8]. Group 2: Company Background and Financials - Huitong Energy has transitioned from real estate to focus on light asset businesses such as property leasing and home decoration after divesting its real estate development business in 2023 [2]. - The company reported a projected revenue increase of 5.03% to 137 million yuan for 2024, but expects a significant decline in net profit for the first half of 2025, down 70.76% to 79.29% year-on-year [2]. Group 3: Strategic Shift and New Leadership - Following a change in actual control to Huang Ying, Huitong Energy has redirected its investment strategy towards the semiconductor sector, leveraging Huang's extensive experience in venture capital [3][4]. - The company has invested in various semiconductor funds, including a 30 million yuan investment in the Yuanhe Puhua private equity fund, focusing on semiconductor and intelligent manufacturing sectors [4][5]. Group 4: Market Context and Opportunities - The semiconductor industry is experiencing a significant growth phase, driven by macroeconomic policies, inventory cycles, and AI innovations, attracting substantial capital investment [6]. - Huitong Energy's investment in photomasks aligns with the urgent domestic demand for semiconductor materials, as the global photomask market is largely dominated by foreign companies [6][8]. Group 5: Future Prospects of Xinghua Chip - Xinghua Chip aims to produce 36,000 semiconductor photomasks annually, with projected sales of 1.7 billion yuan and profits of 500 million yuan once fully operational [7][8]. - The company has already achieved production capabilities for photomasks with a process node of 40nm and above, with plans to increase monthly production capacity to 3,000 units after the second production line is completed [7].

Core Viewpoint - Huitong Energy plans to acquire a 7.43% stake in Xinghua Chip through equity transfer and capital increase, marking its first direct investment in the semiconductor sector, reflecting its strategic shift towards hard technology [1][2] Group 1: Company Overview - Huitong Energy, originally a state-owned enterprise, has shifted its focus from wind power to real estate and now aims to invest in the semiconductor industry [2] - The company reported a revenue of 137 million yuan and a net profit of 95.1 million yuan for the year 2024, with cash reserves of 1.46 billion yuan at year-end [2] Group 2: Investment Details - The investment in Xinghua Chip is part of a two-step transaction, with Huitong Energy acquiring shares at a low valuation of 1.5 yuan per share, and plans to further invest at a maximum price of 2 yuan per share once production targets are met [6] - Xinghua Chip, established in November 2022, specializes in semiconductor photomask manufacturing and has achieved a monthly production capacity of 1,350 masks as of April 2024, with a projected annual capacity of 36,000 masks [2] Group 3: Industry Context - The domestic semiconductor photomask market is heavily reliant on imports, with only 10% of photomasks being produced locally as of the end of 2023, and only 3% for high-end photomasks [3] - The photomask is a critical component in semiconductor manufacturing, accounting for approximately 13% of the total material cost of chips, second only to silicon wafers [2][3] Group 4: Key Personnel - Zhang Rujing, the founder of Xinghua Chip and a prominent figure in the semiconductor industry, has previously established in-house photomask production facilities for major companies like SMIC [4][5] - His insights highlight the challenges faced by domestic companies in the semiconductor supply chain, particularly in the upstream segments [4] Group 5: Market Dynamics - The advanced photomask market is dominated by foreign companies, with significant technological barriers, while domestic firms are gradually advancing from mature to advanced processes [5] - The financial performance of leading photomask manufacturers, such as Photronics, indicates the lucrative nature of the advanced photomask segment, with revenues reaching $665 million in the first three quarters of fiscal year 2023 [4]

Core Viewpoint - Huitong Energy plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. for a total transaction price of 195 million yuan, marking its first investment in the semiconductor industry [1][11] Group 1: Investment Details - The investment consists of acquiring 1.82% equity for 45 million yuan and subscribing to 150 million yuan of new registered capital [1] - Huitong Energy intends to further increase its investment or acquire more shares after the first production line reaches its designed capacity, with a maximum investment price of 2 yuan per share [1] - Xinghua Chip, established in November 2022, focuses on semiconductor photomask manufacturing and is recognized as a major industrial project in Zhejiang Province for 2024 [1][10] Group 2: Company Background and Financials - Huitong Energy has transitioned from real estate to focus on light asset businesses such as property leasing and home decoration after divesting its real estate development business in 2023 [4] - The company reported a revenue growth of 5.03% to 137 million yuan for 2024, but its net profit is expected to decrease by 70.76% to 79.29% year-on-year, primarily due to previous compensation from property expropriation [4][5] - As of the first quarter of 2025, Huitong Energy's cash reserves reached 650 million yuan, down from 1.46 billion yuan at the end of the previous year [4] Group 3: Strategic Shift and Industry Context - The new actual controller, Huang Ying, has a background in semiconductor investments, which aligns with Huitong Energy's strategic shift towards hard technology sectors [5][6] - The semiconductor industry is experiencing a significant influx of capital, driven by macroeconomic policies, inventory cycles, and AI innovations, creating a favorable environment for investments [9][10] - Huitong Energy's focus on photomasks is strategic, as the global photomask market is dominated by a few companies, and domestic production is less than 20% for high-end photomasks [10]

Core Viewpoint - Shanghai Huitong Energy Co., Ltd. plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. through a combination of equity transfer and capital increase, with intentions to further increase its stake as the company's production capacity is released [1] Group 1: Company Overview - Xinghua Chip was established in November 2022 and focuses on semiconductor photomask production, which is crucial for chip precision and yield [1] - The company is backed by Dr. Zhang Rujing, known as the "Chip Father," and has been recognized as a major industrial project in Zhejiang Province for 2024 [1] - Huitong Energy's investment in Xinghua Chip marks its first direct investment in the semiconductor sector after entering the hard technology field [1] Group 2: Industry Context - The global photomask market is dominated by leading companies such as Japan's DNP and the U.S.'s Photronics, with domestic high-end photomask localization rate below 20%, hindering China's chip industry development [1] - The semiconductor industry is experiencing a shift towards domestic substitution, with increasing interest from listed companies in hard technology [3] - The global semiconductor manufacturing equipment sales are projected to grow by 7.4% to $125.5 billion in 2025, while the pure semiconductor wafer foundry industry revenue is expected to exceed $165 billion by 2025, with a compound annual growth rate of 12% from 2021 to 2025 [3] Group 3: Strategic Rationale - Huitong Energy aims to transition from traditional service industries to high-tech sectors due to limited growth potential in its current light asset business [4] - The investment in the semiconductor sector allows the company to share in industry growth and leverage Zhang Rujing's team's technical and industrial resources to reduce R&D cycles and risks [4] - Xinghua Chip's location in the Yangtze River Delta, which accounts for over 60% of China's integrated circuit industry, provides significant regional resource integration advantages for Huitong Energy [4]

Core Viewpoint - Shanghai Huitong Energy Co., Ltd. is shifting its focus towards semiconductor and intelligent manufacturing sectors by investing in semiconductor technology through a partnership with Zhang Rujing, a prominent figure in the chip industry [1][2]. Investment Details - Huitong Energy plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. for a total transaction price of 195 million yuan [1]. - The investment framework contract signed on August 11, 2025, includes acquiring 1.82% of Xinghua Chip's equity for 45 million yuan and subscribing to an additional 150 million yuan of registered capital [2]. - Future investments may occur at a price not exceeding 2 yuan per share, contingent on the production capacity of Xinghua Chip [2]. Company Background - Xinghua Chip was established on November 28, 2022, and focuses on semiconductor photomask manufacturing [1]. - The company is recognized as a significant industrial project in Zhejiang Province, with plans to commence production by the end of 2024 [2]. - Huitong Energy has transitioned from its original focus on light industry machinery to wind power, and subsequently to real estate, before divesting its real estate business in 2023 [3][4]. Current Financial Status - As of now, Xinghua Chip is in the ramp-up phase for production and sales, with revenues still at an early stage and not yet profitable [3]. - Huitong Energy's stock price was reported at 38.66 yuan, with a decline of 5.20%, resulting in a total market capitalization of approximately 8 billion yuan [4].