Core Viewpoint - Xinjiang Baodi Mining Co., Ltd. plans to acquire 87% equity of Xinjiang Congling Energy Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds from specific investors [6][9][24]. Group 1: Transaction Overview - The company intends to purchase 82% equity of Congling Energy from Kizilsu Congling Industrial Co., Ltd. and 5% equity from JAAN INVESTMENTS CO. LTD. [9][24]. - The total cash consideration for the transaction amounts to 68,512.50 million yuan, with 5,000 million yuan payable to Congling Industrial and 3,937.50 million yuan to JAAN [14][22]. - The company plans to raise up to 56,000 million yuan through the issuance of shares to not more than 35 specific investors, including Xinjiang Geological Mining Investment (Group) Co., Ltd. [20][21]. Group 2: Financial Details - The issuance price for the shares is set at 5.1125 yuan per share, which is not less than 80% of the average stock price over the last 120 trading days prior to the pricing benchmark date [11][12]. - The company will issue a total of 116,528,117 shares to Congling Industrial as part of the transaction [15]. - The funds raised will be allocated for cash consideration, project construction, and to supplement the working capital of both the company and Congling Energy [21][22]. Group 3: Regulatory Compliance - The transaction complies with relevant laws and regulations, including the Major Asset Restructuring Management Measures and the Securities Issuance Registration Management Measures [7][24]. - The company has engaged Tianjin Huaxia Jinxin Asset Appraisal Co., Ltd. and Beijing Jingwei Asset Appraisal Co., Ltd. for asset evaluation and appraisal of mining rights [34]. - The independent evaluation and pricing of the assets have been confirmed to be fair and reasonable [34].

新疆宝地矿业股份有限公司 2025 年第二次临时股东会 会议资料 证券代码：601121 证券简称：宝地矿业 2025 年第二次临时股东会 会议资料目录 | 2025年第二次临时股东会会议须知 1 | | | --- | --- | | 2025年第二次临时股东会议程 3 | | | 议案1关于公司发行股份及支付现金购买资产并募集配套资金暨关联交易符合相关法律法规的议案 8 | | | 议案2关于公司发行股份及支付现金购买资产并募集配套资金暨关联交易方案的议案 | 10 | | 议案3关于《公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书（草案）（修订稿）》及其 | | | 摘要的议案 21 | | | 议案4关于签署附生效条件的发行股份及支付现金购买资产协议及其补充协议的议案 | 23 | | 议案5关于本次交易构成关联交易的议案 | 24 | | 议案6关于本次交易预计不构成重大资产重组且不构成重组上市的议案 25 | | | 议案7关于批准本次交易相关的审计报告、备考审阅报告和评估报告的议案 | 27 | | 议案8关于评估机构的独立性、评估假设前提的合理性、评估方法与评估目的的相关性及评估 ...

Core Viewpoint - The independent directors of Xinjiang Baodi Mining Co., Ltd. have reviewed and approved the company's proposed transaction involving the issuance of shares and cash payment for asset acquisition, along with fundraising for related transactions, ensuring compliance with legal and regulatory requirements [1][2][3] Group 1 - The fourth special meeting of the independent directors was held on July 1, 2025, with all three independent directors present [1] - The audit firm Daixin Certified Public Accountants conducted a special audit of the target assets and issued relevant audit reports, which were approved by the independent directors [1][2] - The company revised its draft report on the transaction based on the audit findings and the latest circumstances, which was also approved by the independent directors [2] Group 2 - The company analyzed the impact of the transaction on immediate return dilution and established measures to compensate for this dilution, with commitments from directors and major shareholders to ensure these measures are implemented [2] - The relevant resolutions regarding the audit extension of the transaction have been pre-approved by the independent directors and subsequently passed by the company's board of directors [2][3] - The overall arrangement of the transaction audit extension complies with national laws and regulations, ensuring fairness and protecting the interests of all shareholders [3]

Core Viewpoint - The report outlines the independent financial advisory opinion regarding Xinjiang Baodi Mining Co., Ltd.'s plan to issue shares and pay cash to acquire assets, along with raising supporting funds through a related transaction. Group 1: Transaction Overview - The transaction involves Xinjiang Baodi Mining acquiring 82% equity of Xinjiang Congling Energy Co., Ltd. from Congling Industrial and 5% from JAAN Investments, while raising funds from up to 35 specific investors [4][5]. - The total cash consideration for the transaction is approximately 89.375 million RMB, with the total fundraising amount not exceeding 560 million RMB [5][6]. Group 2: Financial Impact - Post-transaction, the company's total assets are projected to increase from 658,262.10 million RMB to 779,440.88 million RMB, reflecting an 18.41% growth [8]. - The company's liabilities will rise from 266,624.28 million RMB to 323,309.00 million RMB, marking a 21.26% increase [8]. - The equity attributable to the parent company is expected to grow from 307,009.35 million RMB to 371,503.41 million RMB, a 21.01% increase [8]. Group 3: Operational Synergies - The acquisition will enhance the company's iron ore resource volume to approximately 4.6 billion tons, a 21.75% increase, thereby improving its operational capabilities [6][7]. - Xinjiang Congling Energy's high-grade iron ore resources will significantly boost the company's competitive position in the market, particularly in the production of iron concentrate [6][9]. Group 4: Share Structure and Control - The total share capital of the company will increase from 800 million shares to 916,528,117 shares post-transaction, maintaining a public shareholding ratio above 10% [7][8]. - The control structure of the company will remain unchanged, with Xinjiang Guoziwei as the actual controller [7][8]. Group 5: Regulatory Compliance - The transaction has undergone necessary decision-making processes and will require approval from relevant regulatory authorities before implementation [9].

Company Overview - Xinjiang Baodi Mining Co., Ltd. was established on November 14, 2001, and was transformed into a joint-stock company in 2013. The company is listed on the Shanghai Stock Exchange with stock code 601121 and operates in the black metal mining industry, primarily producing iron concentrate [1][2]. Restructuring Transaction - The company plans to acquire 82% of Xinjiang Congling Energy Co., Ltd. from Congling Industrial Co., Ltd. and 5% from JAAN INVESTMENTS CO.LTD through a combination of issuing shares and cash payments. Following the transaction, Congling Energy will become a wholly-owned subsidiary of the company [2][4]. - The total amount of funds raised in this transaction will not exceed 560 million yuan, which is 100% of the asset purchase price. The issuance of shares will not exceed 30% of the company's total share capital before the transaction [4][5]. Financial Reporting Basis - The pro forma financial statements are prepared under the assumption that the restructuring is completed on January 1, 2024, and reflect the company's sustainable operations. The financial statements are based on the assumption that the relevant proposals will be approved by the shareholders' meeting and the China Securities Regulatory Commission [7][12]. - The estimated purchase price for the 87% equity stake in Congling Energy is 685.125 million yuan, with 89.375 million yuan paid in cash and 595.75 million yuan through share issuance [7][9]. Important Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect the financial position and operating results as of March 31, 2025 [14][15]. - The company uses a 12-month operating cycle for asset and liability liquidity classification and recognizes financial instruments based on their cash flow characteristics and management business model [23][29].

Core Viewpoint - The transaction involving Xinjiang Baodi Mining Co., Ltd. is expected to dilute immediate returns but is justified by the long-term benefits of increased iron ore reserves and enhanced operational capabilities [1][2][3]. Group 1: Impact on Immediate Returns - The basic and diluted earnings per share (EPS) are projected to decrease by 33.33% post-transaction, with pre-transaction EPS at 0.03 and post-transaction EPS at 0.02 [1]. - In 2024, the company's EPS is expected to increase post-transaction, while in the first quarter of 2025, it may experience a dilution compared to pre-transaction levels [1]. Group 2: Necessity and Rationality of the Transaction - The transaction will increase the company's total iron ore resources from 3.8 billion tons to approximately 4.6 billion tons, representing a 21.75% increase [2]. - The acquisition will enhance the company's operational footprint in Xinjiang, particularly in the Kashgar and Kizilsu regions, thereby strengthening its market influence [2]. - The transaction aligns with the company's core business of iron ore mining and processing, enhancing its competitive edge in the market [3]. Group 3: Measures to Mitigate Dilution of Immediate Returns - The company plans to expedite the integration of the acquired entity to realize expected benefits quickly [3]. - There will be an emphasis on improving corporate governance and operational efficiency to enhance overall performance [4]. - The company will refine its profit distribution policy to ensure fair returns to all shareholders while maintaining sustainable growth [4]. - Commitments from directors and major shareholders have been made to ensure measures are in place to mitigate the dilution of immediate returns [5]. Group 4: Independent Financial Advisor's Opinion - The independent financial advisor has deemed the company's expectations regarding the dilution of immediate returns to be reasonable and in compliance with relevant regulations aimed at protecting minority investors [6].

新疆宝地矿业股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 之 申万宏源证券承销保荐有限责任公司 关于 独立财务顾问报告 （修订稿） 签署日期： 2025 年 7 月 新疆宝地矿业股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易 独立财务顾问报告 目 录 | 独立财务顾问声明与承诺 | | --- | | 一、独立财务顾问声明 | | 二、独立财务顾问承诺 | | 軽义… | | 一、普通名词释义 | | 二、专业名词释义… | | 重大事项提示 . | | 一、本次交易方案简要介绍 | | 二、募集配套资金情况简要介绍……………………………………………………………………………………………………………………………………… 13 | | 三、本次交易对上市公司的影响………………………………………………………………………………………………………………………………… 13 | | 四、本次交易已履行和尚未履行的决策程序及报批程序 ……………………………………………………………………………………………………………………………………… 17 | | 五、上市公司控股股东及其一致行动人对 ...

关于新疆宝地矿业股份有限公司发行股份及支付现金 购买资产并募集配套资金暨关联交易的补充法律意见(一) 北京德恒律师事务所 关于新疆宝地矿业股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易的补充法律意见（一） r 北京德恒律师事务所 DeHeng Law Offices 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于新疆宝地矿业股份有限公司发行股份及支付现金 购买资产并募集配套资金暨关联交易的补充法律意见 (一) 目 录 | 一、本次交易的方案 | | --- | | 二、本次交易相关方的主体资格 ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 2 | | 三、本次交易的批准与授权 | | 四、本次交易的相关协议 | | 五、本次交易的实质条件 | | 六、本次交易拟购买的标的资产 . ...

新疆葱岭能源有限公司 审 计 报 告 大信审字[2025]第 12-00107 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 2206 邮编 100083 WUYIGE Certified Public Accountants.LLP Room 2206 22/F,Xueyuan International Tower No.1 Zhichun Road,Haidian Dist. Beijing,China,100083 电话 Telephone：+86（010）82330558 传真 Fax： +86（010）82327668 网址 Internet： www.daxincpa.com.cn 审计报告 大信审字[2025]第 12-00107 号 新疆葱岭能源有限公司全体股东： 一、审计意见 我们审计了新疆葱岭能源有限公司（以下简称"贵公司"）的财务报表，包括 2025 年 3 月 31 日、2024 年 12 月 31 日、2023 年 12 月 31 日的资产 ...

新疆宝地矿业股份有限公司 审 阅 报 告 大信阅字[2025]第 12-00002 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 2206 邮编 100083 WUYIGE Certified Public Accountants.LLP Room 2206 22/F,Xueyuan International Tower No.1 Zhichun Road,Haidian Dist. Beijing,China,100083 电话 Telephone：+86（10）82330558 传真 Fax： +86（10）82327668 网址 Internet： www.daxincpa.com.cn 审阅报告 大信阅字[2025]第 12-00002 号 新疆宝地矿业股份有限公司全体股东： 我们审阅了后附的新疆宝地矿业股份有限公司（以下简称"宝地矿业"）按备考财务报表 附注三所述的编制基础编制的备考财务报表，包括 2025 年 3 月 31 日、2024 年 12 月 3 ...