北京大成（厦门）律师事务所 关于盛屯矿业集团股份有限公司 二零二五年第一次临时股东大会的 法律意见书 北京大成（厦门）律师事务所 厦门市思明区岭兜西路 623 号 思明设计中心 8 层、21 层 邮编：361008 8th and 21ts Floor, Siming Design Center, No.623 Lingdou West Road, Siming District, Xiamen, China, 361008 dacheng.com 致：盛屯矿业集团股份有限公司 根据《中华人民共和国证券法》、《中华人民共和国公司法》、《上市公 司股东大会规则》（证监会公告[2022]13号）及《盛屯矿业集团股份有限公司 章程》的规定，北京大成（厦门）律师事务所（以下称"本所"）接受盛屯矿 业集团股份有限公司（以下称"公司"）的委托，指派律师出席公司于二○二 五年十一月十日下午2点30分在厦门市思明区展鸿路81号翔业国际大厦52层公 司会议室召开的公司2025年第一次临时股东大会（以下称"本次大会"），核 验参加本次大会人员的身份证明文件，全程见证本次大会召开、表决和形成决 议的全过程，并就本次大会的召集和召开 ...

Core Insights - The energy metals sector experienced a decline of 0.38% on November 10, with Boqian New Materials leading the drop [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Shengxin Lithium Energy (002240) saw a closing price of 28.43, with an increase of 4.14% and a trading volume of 1.08 million shares, amounting to a transaction value of 3.071 billion [1] - Rongjie Co., Ltd. (002192) closed at 49.05, up 1.64%, with a trading volume of 240,200 shares and a transaction value of 1.197 billion [1] - Tianqi Lithium (002466) closed at 57.51, up 0.91%, with a trading volume of 1.21 million shares and a transaction value of 7.058 billion [1] - Other notable performances include Xizang Mining (000762) at 28.75, up 0.45%, and Yongxing Materials (002756) at 51.01, up 0.31% [1] Capital Flow - The energy metals sector saw a net outflow of 1.003 billion from major funds, while retail investors contributed a net inflow of 1.006 billion [2] - The detailed capital flow indicates that Yongxing Materials (002756) had a net inflow of 88.2731 million from major funds, while it experienced a net outflow of 57.6490 million from retail investors [3] - Rongjie Co., Ltd. (002192) also had significant capital movement, with a net inflow of 81.2920 million from major funds and a net outflow of 74.9826 million from retail investors [3]

Group 1: Base Metals Sector Performance - The A-share market's basic metals sector showed strong performance, with companies like China Aluminum, Minfa Aluminum, and Haomei New Materials hitting the daily limit up [1] - Other notable performers included Yun Aluminum and Jiaozuo Wanfang, which rose over 8%, while Shenhuo Co. increased by over 7% [1] - The overall trend indicates a robust interest in the aluminum sector, driven by various market dynamics [1] Group 2: Copper Market Insights - CITIC Securities reported a nearly 5% year-on-year decline in production from major global copper mining companies in Q3, with expectations for continued contraction in Q4 [1] - A shortage of raw materials and potential "anti-involution" factors are likely to contribute to a reduction in domestic refined copper supply, alongside stable demand [1] - The anticipated low supply and steady demand could widen the global refined copper supply gap by 50% next year, with LME copper prices expected to exceed $10,000 per ton [1] Group 3: Aluminum Market Outlook - CITIC Jiantou forecasts a 2.5% growth in domestic electrolytic aluminum consumption by 2025, supported by strong performance in the new energy vehicle and photovoltaic sectors [1] - The consumption state of electrolytic aluminum is better than expected, leading to an expanded supply-demand gap [1] - The profitability of the electrolytic aluminum industry is expected to continue rising, enhancing the dividend capacity of aluminum companies [1] Group 4: Precious Metals Market Analysis - Dongwu Securities noted that despite hawkish signals from the Federal Reserve and a pullback in precious metal prices due to improved geopolitical trade relations, the macro framework remains favorable for bullish positions [2] - There is a significant probability of interest rate cuts in December, suggesting a continued positive outlook for precious metals in the medium term [2]

Group 1 - The core viewpoint of the news is that Shengtun Mining has seen a significant increase in its stock price, rising by 5.22% to 10.88 CNY per share, with a trading volume of 1.148 billion CNY and a turnover rate of 3.50%, leading to a total market capitalization of 33.626 billion CNY [1] - Shengtun Mining, established on January 14, 1997, and listed on May 31, 1996, is primarily engaged in non-ferrous metal mining, metal value-added services, and cobalt materials, with its main business revenue composition being 66.55% from energy metals, 27.88% from basic metals, and 5.56% from metal trading and others [1] Group 2 - From the perspective of fund holdings, Huatai Baoxing Fund has a significant position in Shengtun Mining, with its Huatai Baoxing Jinianli Fund (006642) holding 1.2 million shares, accounting for 3.78% of the fund's net value, ranking as the tenth largest holding [2] - The Huatai Baoxing Jinianli Fund has achieved a year-to-date return of 18.85%, ranking 4450 out of 8149 in its category, and a one-year return of 14.68%, ranking 4498 out of 8053 [2]

Core Viewpoint - Shengtu Mining's stock has experienced significant fluctuations, with a year-to-date increase of 116.60%, but a recent decline of 2.06% on November 4, indicating potential volatility in the market [1][2]. Financial Performance - For the period from January to September 2025, Shengtu Mining reported a revenue of 21.717 billion yuan, representing a year-on-year growth of 22.99%. The net profit attributable to shareholders was 1.702 billion yuan, showing a slight increase of 0.06% [2]. - The company has distributed a total of 933 million yuan in dividends since its A-share listing, with 388 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 4, the stock price was 10.44 yuan per share, with a market capitalization of 32.266 billion yuan. The trading volume was 462 million yuan, with a turnover rate of 1.42% [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on October 9 [2]. Shareholder Information - As of September 30, the number of shareholders increased to 140,900, up by 8.17% from the previous period. The average number of circulating shares per shareholder decreased by 7.55% to 21,929 shares [2]. Business Segments - Shengtu Mining's main business segments include energy metals (66.55% of revenue), basic metals (27.88%), and metal trading and other services (5.56%) [2]. - The company operates in the non-ferrous metals sector, focusing on cobalt and other valuable metal products [2].

盛屯矿业集团股份有限公司 2025 年第一次临时股东大会资料 股票代码：600711 股票简称：盛屯矿业 盛屯矿业集团股份有限公司 2025 年第一次临时股东大会资料 股权登记日期：2025 年 11 月 3 日 会议召开日期：2025 年 11 月 10 日 二〇二五年十一月 1 盛屯矿业集团股份有限公司 2025 年第一次临时股东大会资料 盛屯矿业集团股份有限公司 2025 年第一次临时股东大会会议须知 为了维护广大投资者的合法权益，保证股东在公司股东大会上依法行使职 权，确保股东大会的正常秩序和议事效率，根据《公司法》、《上市公司股东大 会规范意见》及《公司章程》等有关规定，制定以下会议须知。 一、本次股东大会采取现场投票和网络投票相结合的方式。公司股东只能选 择现场投票和网络投票中的一种表决方式。如同一股份通过现场和网络投票系统 重复进行表决的，以第一次投票表决结果为准。 二、出席会议人员应当听从公司工作人员安排，共同维护好大会秩序。未经 公司董事会同意，除公司工作人员外的任何人不得以任何方式进行摄像、录音和 拍照。 2、个人股东亲自出席会议的，应出示本人身份证、持股凭证和股东账户卡； 委托代理人出席 ...

一、召开会议的基本情况 （一）股东大会届次：2025 年第一次临时股东大会 证券代码：600711 证券简称：盛屯矿业 公告编号：2025-062 盛屯矿业集团股份有限公司 关于召开 2025 年第一次临时股东大会提示性公告 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。 盛屯矿业集团股份有限公司（以下简称"公司"）定于 2025 年 11 月 10 日 以现场投票、网络投票相结合方式召开公司 2025 年第一次临时股东大会。董事 会已于 2025 年 10 月 24 日在上海证券交易所网站(http：//www.sse.com.cn)披 露了《盛屯矿业集团股份有限公司关于召开 2025 年第一次临时股东大会的通知》 （公告编号：2025-060）。根据相关规定，现发布本次股东大会的提示性公告， 具体内容如下： （二）股东大会的召集人：公司董事会 （三）会议召开的日期、时间 现场会议时间：2025 年 11 月 10 日 14：30 网络投票时间：2025 年 11 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投 ...

Core Viewpoint - The company is focusing on expanding its operations in the gold sector while maintaining its performance in the copper and cobalt markets, with strategic plans for resource acquisition and project development in the Democratic Republic of Congo (DRC) [2][3][11]. Group 1: Company Overview and Strategic Focus - The company is actively pursuing growth in the gold sector, leveraging advantageous resource acquisition in the DRC, and is currently in the process of project development and capital expenditure planning [2][3]. - The company has a long-term strategy for gold mining, emphasizing resource selection that aligns with its operational scale and ongoing evaluation of multiple mining projects [2]. - The company has a strong cash flow position, with net cash flow from operating activities reported at 3.075 billion yuan for the third quarter of 2025, indicating its capability to fund mining development [6]. Group 2: Resource Development and Production Plans - The company is advancing its copper resource development, particularly in the Karongwe project, which has an estimated remaining mining period of three years [3]. - The newly acquired gold mine is projected to process 3.6 million tons of ore annually, with gold grades ranging from 2.08 grams per ton to 2.89 grams per ton, although actual production will depend on various factors [4]. - The company plans to produce gold concentrate from the new gold mine, with funding sourced from its own or self-raised capital [7][8]. Group 3: Financial Performance and Market Position - For the first three quarters of 2025, the company reported a main revenue of 21.717 billion yuan, a year-on-year increase of 22.99%, and a net profit attributable to shareholders of 1.702 billion yuan, a slight increase of 0.06% [18]. - The company’s gross profit margin for copper products is approximately 35%, with a higher margin for copper produced from its own mines compared to purchased raw materials [9]. - The company is actively managing its financial risks through hedging strategies in line with national regulations and internal management policies [17].

Core Insights - The energy metals sector experienced a decline of 1.85% on November 3, with Yongxing Materials leading the drop [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Energy Metals Sector Performance - Yongxing Materials (002756) closed at 46.94, down 4.52%, with a trading volume of 322,600 shares and a transaction value of 1.517 billion [2] - Other notable performers included: - Blue Electric Mining (600711) at 10.66, down 4.31%, with a transaction value of 2.032 billion [2] - Tengyuan Diamond (301219) at 66.90, down 4.26%, with a transaction value of 553 million [2] - Ganfeng Lithium (002460) at 68.32, down 1.01%, with a transaction value of 6.171 billion [2] Capital Flow Analysis - The energy metals sector saw a net outflow of 1.269 billion from main funds, while retail investors contributed a net inflow of 1.263 billion [2][3] - Specific stock capital flows included: - Huayou Cobalt (603799) with a main fund outflow of 355 million [3] - Ganfeng Lithium (002460) with a main fund outflow of 224 million [3] - Yongxing Materials (002756) with a main fund outflow of 86 million [3]

Group 1 - The small metal sector experienced a downturn on November 3, with notable declines in several companies [1] - Huaxi Nonferrous fell by 9.1%, Shengtun Mining decreased by 7.45%, and Huayu Mining dropped by 6.66% [1] - Other companies such as Zhuhai Group, Northern Copper, and Guangsheng Nonferrous also saw declines exceeding 6% [1]