Group 1 - The core viewpoint of the news is that Huasheng Group has shown a significant increase in financing activities, with a net financing purchase of 4.51 million yuan on January 9, indicating strong investor interest [1] - As of January 9, the total balance of margin trading for Huasheng Group is 334 million yuan, which accounts for 6.34% of its market capitalization, indicating a high level of leverage compared to the past year [1] - The company’s main business revenue composition includes: surveying and design (49.75%), low-carbon and environmental business (12.81%), comprehensive testing (11.14%), digital and smart business (9.99%), planning research (8.72%), project management and commercial operation (6.28%), and others (1.31%) [1] Group 2 - As of December 20, the number of shareholders of Huasheng Group is 30,100, an increase of 1.74% from the previous period, while the average circulating shares per person decreased by 1.71% to 22,742 shares [2] - For the period from January to September 2025, Huasheng Group reported a revenue of 2.543 billion yuan, a year-on-year decrease of 5.52%, and a net profit attributable to shareholders of 186 million yuan, down 19.99% year-on-year [2] - Since its A-share listing, Huasheng Group has distributed a total of 1.249 billion yuan in dividends, with 455 million yuan distributed in the last three years [3]

Core Viewpoint - The company, Huasheng Design Group Co., Ltd., will hold its first extraordinary general meeting of shareholders on January 15, 2026, to review several important proposals, including amendments to the Articles of Association and the election of non-independent directors for the sixth board of directors [1] Group 1: Meeting Agenda - The core agenda includes amending the Articles of Association and its attachments, as well as electing non-independent directors for the sixth board of directors [1] - The amendment to the Articles of Association primarily involves updating the company's registered capital and total number of shares due to the conversion of convertible bonds, adjusting the registered capital from RMB 683,793,332 to RMB 683,796,403, with the total number of issued shares adjusted accordingly [1] - The meeting will also elect Yang Weidong, Hu Anbing, Yao Yu, Hou Ligang, and Xu Yigang as non-independent directors for a term of three years [1] Group 2: Governance Structure - The election of directors includes key positions: Yang Weidong as Chairman, Hu Anbing as Director and Secretary of the Board, Yao Yu as Director and General Manager, Hou Ligang as Deputy General Manager and Financial Officer, and Xu Yigang as Director and Executive Deputy General Manager [1] - All director election proposals are contingent upon the approval of the proposal regarding the amendments and its attachments [1] - This board renewal and amendment of the Articles of Association signify a new phase in the company's governance structure [1]

华设设计集团股份有限公司 2026 年第一次临时股东会 会 议 材 料 二 O 二六年一月十五日 华设设计集团股份有限公司 2026 年第一次临时股东会文件目录 （2026-1-15） 1、审议《关于修改<公司章程>及其附件的议案》； 2、审议《关于选举杨卫东为公司第六届董事会非独立董事的议案》; 3、审议《关于选举胡安兵为公司第六届董事会非独立董事的议案》; 4、审议《关于选举姚宇为公司第六届董事会非独立董事的议案》; 5、审议《关于选举侯力纲为公司第六届董事会非独立董事的议案》; 6、审议《关于选举徐一岗为公司第六届董事会非独立董事的议案》; 议案 1： 关于修改《公司章程》及其附件的议案 各位股东： 公司于 2025 年 12 月 10 日召开第五届董事会第二十七次会 议及第五届监事会第二十四次会议审议通过了《关于取消监事会 并修订<公司章程>及其附件的议案》，并于 2025 年 12 月 29 日经 公司 2025 年第一次临时股东会审议通过。由于公司可转债转股 导致公司股本发生变化，《公司章程》需修订相关股本数据。同 时，公司现根据中国证监会《上市公司治理准则》，并结合自身 实际情况，对《公司章程》 ...

Core Viewpoint - The core issue revolves around a power struggle between shareholders and the management of Huasheng Design Group, particularly regarding the proposed amendments to the company's articles of association concerning cumulative voting rights [2][4]. Shareholder Voting Rights - Hangzhou Zhongyikun Management Consulting Co., Ltd., holding 3.001% of Huasheng Group's shares, is seeking to collect voting rights from all shareholders to oppose all proposals at the upcoming 2026 first extraordinary general meeting [2][3]. - The voting rights collection period is set from January 7 to January 12, 2026, with the main contention being the adjustment of conditions for the application of cumulative voting in the company's articles of association [2][4]. Shareholding History - Hangzhou Zhongyikun's shareholding in Huasheng Group has increased from 1.97% in June 2025 to 3.001% by the end of 2025, making it one of the top ten circulating shareholders [3]. - The company attempted to nominate a director in December 2025, but the proposal received only 11.83% approval and was ultimately rejected [3]. Governance Dispute - The board of Huasheng Group rejected the nomination of a director from Hangzhou Zhongyikun, citing concerns about the candidate's qualifications and potential impact on the board's professional structure [3][4]. - The proposed amendment to the articles of association would limit cumulative voting to situations where a single shareholder or their concerted parties hold 30% or more of the shares, which could hinder the ability of minority shareholders to participate in governance [4][5]. Legal and Regulatory Context - Legal experts indicate that while a 3% shareholder has the legal right to collect voting rights, the success of this initiative depends on the support from securities service institutions for convenient authorization [5]. - The current shareholder structure of Huasheng Group is highly dispersed, with the top three shareholders holding only about 11% of the shares, which complicates governance and decision-making processes [5][6]. Current Developments - Following the announcement of the voting rights collection, some small shareholders have expressed support for Hangzhou Zhongyikun, indicating a willingness to delegate their voting rights [6].

Core Viewpoint - Hangzhou Zhongyikun, a shareholder with 3.001% stake in Huasheng Design Group, is seeking to collect voting rights from all shareholders to oppose amendments to the company's articles of association, particularly regarding the cumulative voting system [1][2]. Group 1: Shareholder Actions - Hangzhou Zhongyikun plans to gather voting rights from January 7 to January 12, 2026, to oppose all proposals at the upcoming shareholder meeting [2]. - The conflict stems from a failed proposal to nominate a director by Hangzhou Zhongyikun, which received only 11.83% approval at the last shareholder meeting [3]. Group 2: Governance and Voting Rights - The proposed amendment to the articles of association changes the conditions under which cumulative voting is applied, limiting it to situations where a single shareholder holds 30% or more of the shares [4]. - Hangzhou Zhongyikun argues that this change will hinder minority shareholders' ability to participate in governance, potentially leading to an imbalance in the company's governance structure [4]. Group 3: Company Response - Huasheng Group's board believes that the proposed changes do not deprive shareholder rights, as shareholders with over 1% still retain the right to propose and vote on matters [4]. - The board emphasizes the need for diverse professional expertise in governance and aims to enhance the company's development through qualified board members [4][6]. Group 4: Legal and Structural Considerations - Legal experts note that while a 3% shareholder can legally collect voting rights, the success of this initiative depends on the support from securities service institutions for streamlined authorization processes [5]. - The company’s ownership structure is characterized by significant fragmentation, with the top three shareholders holding only about 11% of the shares, complicating governance dynamics [5][6].

Group 1 - The core point of the announcement is the cumulative conversion of convertible bonds into common stock by Huasheng Design Group, with a total of RMB 135,000 converted into 15,451 shares, representing 0.0023% of the total shares before conversion [2][7] - As of December 31, 2025, the amount of unconverted convertible bonds stands at RMB 399,865,000, accounting for 99.9663% of the total issuance [2][7] - No convertible bonds were converted into common stock during the quarter from October 1, 2025, to December 31, 2025 [2][7] Group 2 - The company issued 4 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 40 million, with a maturity of 6 years and a tiered interest rate starting from 0.30% in the first year [3][4] - The initial conversion price for the convertible bonds was set at RMB 8.86 per share, which was adjusted to RMB 8.55 due to the 2023 annual equity distribution, and further adjusted to RMB 8.45 for the 2024 annual equity distribution [5][6] Group 3 - The company is conducting a public solicitation for voting rights from shareholders, with the solicitation period from January 7 to January 12, 2026 [8][20] - The soliciting party, Hangzhou Zhongyi Kun Management Consulting Co., Ltd., holds 3.001% of the company's shares and intends to vote against all six proposals at the upcoming shareholder meeting [10][12] - The proposals include amendments to the company's articles of association and the election of non-independent directors, which the soliciting party believes could undermine the rights of minority shareholders [14][15]

| 证券代码：603018 | 股票简称：华设集团 公告编号：2026-002 | | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | 华设设计集团股份有限公司 股东公开征集投票权的公告 股东杭州中易坤管理咨询有限公司保证本公告内容不存在虚假记载、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。 重要内容提示： 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司治 理准则》、《公开征集上市公司股东权利管理暂行规定》、《上市公司股东会规 则》等法律法规、规范性文件及《华设设计集团股份有限公司章程》的有关规 定，由华设设计集团股份有限公司（以下简称 "公司"）股东杭州中易坤管理咨 询有限公司作为征集人，就公司拟于 2026 年 1 月 15 日召开的 2026 年第一次临 时股东会审议的关于修改《公司章程》等相关议案向公司全体股东征集投票 权。 一、征集人基本信息 （一）征集人基本信息与持股情况 征集人名称：杭州中易坤管理咨询有限公司 征集投票权的起止时间：2026 年 1 月 7 日至 1 月 12 日 征集人对所有表决事项的表决意见：反 ...

| 证券代码：603018 | 证券简称：华设集团 | 公告编号：2026-001 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 华设设计集团股份有限公司 可转债转股结果暨股份变动公告 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。 重要内容提示： 累计转股情况：华设设计集团股份有限公司（以下简称"华设集团"或 "公司"）向不特定对象发行可转换公司债券自 2024 年 1 月 29 日起开始转股， 截至 2025 年 12 月 31 日，累计有人民币 135,000.00 元"华设转债"转换为公司 普通股股票，累计转股股数为 15,451 股，占"华设转债"转股前公司已发行股 份总额的 0.0023%。 根据有关规定和《华设设计集团股份有限公司向不特定对象发行可转换公司 债券并在主板上市募集说明书》的约定，公司本次发行的"华设转债"自 2024 年 1 月 29 日起可转换为本公司股份初始转股价格为 8.86 元/股。因公司实施 2023 年度权益分派，"华设转债"的转 ...

1. Report's Investment Rating for the Industry - No information provided regarding the industry's investment rating. 2. Core Views of the Report - Bullish on the equity market during the "Spring Rally". With the expected strengthening of underlying stocks and seasonal effects, there is a slight room for convertible bond valuations to increase. When selecting bonds, focus on the performance elasticity of the underlying stocks. For near - maturity convertible bonds, consider participating in the underlying stocks [27]. - In the stock market, in December 2025, the risk appetite was high. Looking ahead, the RMB appreciation expectation is strengthening, and with the end of the year - end ranking assessment of financial institutions, the "Spring Rally" is expected to gradually kick off. In January, if the market adjusts during the intensive performance forecast period, investors can buy on dips and focus on resources, AI computing power, batteries, polyester industry chain, AI edge devices, and securities [27]. - In the convertible bond market, in December 2025, the CSI Convertible Bond Index reached a new high since July 2015. Although the share of convertible bond ETFs continued to decline, the market premium rate increased. In the future, due to seasonal effects, some institutional investors may gradually increase their positions in January, and convertible bond valuations have a slight room for improvement [27]. 3. Summary of Each Section 3.1 2025 December Convertible Bond Market Review - **Stock and Bond Market Review**: In December, the equity market fluctuated upwards, and the bond market generally fluctuated. The Shanghai Composite Index rose for nearly 10 consecutive trading days in the middle and late - December, closing at 3963.68 on December 26, with a monthly increase of 1.27%. The 10 - year Treasury bond yield closed at 1.838% on December 26, up 0.10bp from the beginning of the month, and the 30 - year Treasury bond yield closed at 2.223%, up 3.32bp from the beginning of the month [4][8]. - **Convertible Bond Market Review**: The convertible bond market generally rose following the equity market. The premium rates of convertible bonds in all parity ranges increased, but convertible bond ETFs continued to face outflow pressure. Five convertible bonds announced downward revisions, one more than the previous month, and 10 convertible bonds announced forced redemptions, two less than the previous month. The CSI Convertible Bond Index closed at 493.2 on December 26, up 2.31% [5][8]. - **Industry Performance**: In the Shenwan industry classification, sectors such as national defense and military industry (+12.25%), communication (+10.55%), and non - bank finance (+8.27%) performed well, while sectors such as media (-4.77%), banks (-3.68%), and coal (-3.62%) declined [8]. 3.2 2026 January Convertible Bond Allocation Strategy - **Stock Market Outlook**: The RMB appreciation expectation is strengthening, and the "Spring Rally" is expected to start. In January, if the market adjusts during the performance forecast period, investors can buy on dips. Focus on resources, AI computing power, batteries, polyester industry chain, AI edge devices, and securities [27]. - **Convertible Bond Outlook**: Due to seasonal effects, some institutions may increase their positions in January. Convertible bond valuations have a slight room for improvement. When selecting bonds, relative - return funds should focus on high - probability sectors with a high - beta underlying stocks, and absolute - return funds should focus on high - odds sectors [27][28]. - **Bond Selection Suggestions**: For relative - return funds, focus on sectors such as lithium - battery materials, semiconductor equipment and materials, power semiconductors, high - quality auto parts, anti - involution industries, and securities. For absolute - return funds, focus on industry leaders with low valuations, sectors such as pig farming, power, and water supply, and convertible bond debt - to - equity conversion [28]. 3.3 2026 January "Top Ten Convertible Bonds" Portfolio | Convertible Bond Code | Convertible Bond Name | Underlying Stock Name | Industry | Balance (Billion Yuan) | Convertible Bond Price (Yuan) | Convertible Bond Parity (Yuan) | Conversion Premium Rate (%) | Rating | Recommendation Reason | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 113043.SH | Caitong Convertible Bond | Caitong Securities | Securities II | 37.99 | 133.52 | 109.71 | 21.70 | AAA | The securities sector will see a double - hit of valuation and profit in a bull market [30]. | | 123254.SZ | EVE Convertible Bond | EVE Energy | Battery | 49.98 | 167.64 | 134.65 | 24.51 | AA+ | The demand for energy storage is strong, and the shipment volume in the third quarter increased significantly year - on - year and quarter - on - quarter [30]. | | 113695.SH | Huachen Convertible Bond | Jiangsu Huachen | Power Grid Equipment | 4.60 | 160.16 | 122.10 | 31.17 | A+ | The company's new production capacity is put into operation just as the demand for energy storage is growing rapidly [30]. | | 113634.SH | Proya Convertible Bond | Proya | Cosmetics | 7.51 | 125.13 | 70.36 | 77.83 | AA | As a domestic beauty leader, its brand and product strength are outstanding, and its valuation at a historical low is expected to be restored [30]. | | 113616.SH | Will Semiconductor Convertible Bond | Will Semiconductor | Semiconductor | 24.32 | 124.07 | 78.35 | 58.36 | AA+ | The company is accelerating its introduction into intelligent driving and emerging markets and has launched new mobile phone products with strong competitiveness [30]. | | 118040.SH | Hongwei Convertible Bond | Hongwei Technology | Semiconductor | 4.30 | 149.72 | 116.17 | 28.88 | A | Power semiconductors benefit from the growth of power supply and energy storage demand [30]. | | 113674.SH | Huashe Convertible Bond | Huashe Group | Engineering Consulting Service II | 4.00 | 129.29 | 89.47 | 44.51 | AA | As a leader in infrastructure design, its main business is stabilizing, and intelligent design and low - altitude economy provide growth points [30]. | | 123222.SZ | Bojun Convertible Bond | Bojun Technology | Auto Parts | 2.44 | 224.63 | 194.72 | 15.36 | A+ | The growth of customer sales and the increase in ASP per vehicle drive up revenue and profit [30]. | | 113666.SH | Aima Convertible Bond | Aima Technology | Motorcycle and Others | 19.99 | 125.11 | 79.63 | 57.12 | AA | The new national standard may promote the market share of the two - wheeled vehicle leader [30]. | | 123247.SZ | Wankai Convertible Bond | Wankai New Materials | Plastics | 19.64 | 172.30 | 150.18 | 14.73 | AA | Under the "anti - involution" of bottle chips, the processing fee is expected to stabilize, and the company is entering the rPET blue - ocean market [30]. |

股东会议事规则 第一章 总 则 第一条 为规范公司行为，保证股东会依法行使职权，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》）、《华设设计集团股份有限公司章程》（以 下简称《公司章程》）、《上市公司治理准则》和《上市公司股东会规 则》以及其他法律、行政法规，制订本规则。 第二条 公司应当严格按照法律、行政法规、《公司章程》及本 规则的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全 体董事应当勤勉尽责，确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和《公司章程》规定的范围内 行使职权。 第二章 股东会的一般规定 第四条 股东会是公司的权力机构，依法行使下列职权： （九）审议批准《公司章程》规定的担保事项； （一）选举和更换非由职工代表担任的董事，决定有关董事的报 酬事项； （二）审议批准董事会的报告； （三）审议批准公司的利润分配方案和弥补亏损方案； （四）对公司增加或者减少注册资本作出决议； （五）对发行公司债券作出决议； （六）对公司合并、分立、解散、清算或者变更公司形式作出 ...