国泰海通证券股份有限公司 关于江阴江化微电子材料股份有限公司 详式权益变动报告书 之 财务顾问核查意见 财务顾问 （中国（上海）自由贸易试验区商城路618号） 二〇二六年一月 第一节 特别声明 本部分所述词语或简称与本核查意见"释义"所述词语或简称具有相同含 义。 根据《公司法》《证券法》《上市公司收购管理办法》《公开发行证券的 公司信息披露内容与格式准则第15号——权益变动报告书》《公开发行证券的 公司信息披露内容与格式准则第16号——上市公司收购报告书》及相关法律、 法规的规定，国泰海通证券股份有限公司作为信息披露义务人本次权益变动的 财务顾问，就其披露的《江阴江化微电子材料股份有限公司详式权益变动报告 书》的有关内容出具核查意见。 本财务顾问是按照行业公认的业务标准、道德规范和诚实信用、勤勉尽责 的精神，本着独立、客观、公正的原则，在认真审阅相关资料和充分了解本次 权益变动的基础上，发表财务顾问意见，旨在就本次权益变动作出独立、客观 和公正的评价，以供广大投资者及有关各方参考。并在此特作如下声明： 1、本核查意见所依据的文件、资料由信息披露义务人提供。信息披露义务 人已作出声明，保证其所提供的资料是真实 ...

证券代码：603078 证券简称：江化微 公告编号：2026-008 江阴江化微电子材料股份有限公司 关于控股股东筹划控制权变更事项进展暨股票复牌的公告 由于该事项尚在筹划中，公司预计无法在 2026 年 1 月 15 日（星期四）开市 起复牌。根据有关规定，经向上海证券交易所申请，公司股票于 2026 年 1 月 15 日（星期四）开市起继续停牌，具体内容详见公司披露于上海证券交易所网站 （www.sse.com.cn）的《江阴江化微电子材料股份有限公司关于控股股东筹划公司 控制权变更继续停牌的公告》（公告编号：临 2026-007）。 在公司股票停牌期间，交易各方就相关事项进行了进一步沟通。 2026 年 1 月 19 日，公司控股股东淄博星恒途松与交易对方上海福迅科技有限 公司（以下简称"上海福迅科技"）签署了《关于江阴江化微电子材料股份有限公 司附条件生效的股份转让协议》。具体内容详见公司于同日在指定信息披露媒体及 上海证券交易所网站（www.sse.com.cn）披露的《江阴江化微电子材料股份有限公 司关于控股股东协议转让公司股份暨控制权拟发生变更的提示性公告》（公告编号： 2026-009）等相关 ...

人民财讯1月19日电，江化微（603078）1月19日公告，控股股东淄博星恒途松拟将其持有的公司股票 9238.23万股转让给上海福迅科技，转让价格为20元/股，转让总价为18.48亿元，合计占公司总股本的 23.96%。本次股份转让完成后，公司控股股东将由淄博星恒途松变更为上海福迅科技，实际控制人将 由淄博市财政局变更为上海市国有资产监督管理委员会。公司股票将于2026年1月20日(星期二)开市起 复牌。 ...

Group 1 - Nanda Optoelectronics is a core enterprise in the semiconductor materials field, focusing on the R&D and mass production of ArF photoresists, having achieved breakthroughs that disrupt the monopoly of Japanese and American companies in the mid-to-high-end photoresist market [1][38][39] - The company has established deep cooperation with foundries in the Yangtze River Delta and has successfully validated its ArF photoresist for 28nm processes, leading to significant order growth and capacity expansion following the introduction of U.S. semiconductor tariffs in 2026 [1][39] - The National Big Fund has provided financial support for its photoresist projects, enhancing its first-mover advantage in the domestic photoresist market [1][39] Group 2 - Tongcheng New Materials, based in Shanghai, is a leading domestic rubber additive company that has entered the photoresist market through the acquisition of Beixu Electronics, focusing on the R&D and production of KrF photoresists [2][40] - The company has established stable partnerships with major domestic foundries, achieving large-scale production of KrF photoresists widely used in memory chips and power devices [2][40] - Plans for an H-share listing in 2026 aim to raise funds for high-end photoresist R&D and capacity expansion, further enhancing its competitive edge in the domestic market [2][40] Group 3 - Dinglong Co., headquartered in Wuhan, is a leader in printing and copying consumables, diversifying into semiconductor materials with a focus on polishing pads and supporting materials for photoresists [3][41] - The company has established close cooperation with major foundries like SMIC, achieving import substitution for its CMP polishing pads, which supports its photoresist business [3][41] - Following the U.S. semiconductor tariffs, there has been a surge in demand for localized supporting materials, leading to increased orders for its photoresist and related products [3][41] Group 4 - Yake Technology, located in Jiangsu, has entered the semiconductor photoresist market through the acquisition of South Korea's UP Chemical, focusing on KrF and ArF photoresists [4][42] - The company has integrated the technical advantages of the Korean team with domestic market resources, positioning itself as a core supplier of mid-to-high-end photoresists in the global semiconductor supply chain [4][42] - The electronic specialty gas business complements its photoresist offerings, providing a one-stop material solution for foundries [4][42] Group 5 - Dongcai Technology, based in Sichuan, specializes in high polymer resin materials for photoresists, leveraging its chemical industry foundation in the Southwest [5][43] - The company has achieved batch supply of resin products for various photoresist models, including G/I line and KrF, validated by multiple domestic photoresist manufacturers [5][43] - The demand for localized raw materials has surged following the U.S. semiconductor tariffs, leading to increased production capacity and a focus on high-end resin materials for ArF photoresists [5][43] Group 6 - Lianhong New Materials, located in Shandong, produces core raw materials such as monomers and solvents for photoresists, achieving low-cost production with quality meeting import standards [6][44] - The company has established long-term partnerships with downstream photoresist manufacturers, enhancing product adaptability and market share [6][44] - The acceleration of domestic substitution due to U.S. tariffs has led to a significant increase in orders for its photoresist raw materials [6][44] Group 7 - Shengquan Group, based in Shandong, focuses on developing phenolic and epoxy resins for photoresists, achieving breakthroughs in green and high-performance materials [7][45] - The company has become a core supplier for downstream photoresist manufacturers, benefiting from the growing demand for upstream resin materials following the U.S. semiconductor tariffs [7][45] - Increased R&D investment aims to develop high-end resin materials for KrF photoresists, further extending its position in the semiconductor materials industry [7][45] Group 8 - Shanghai Xinyang, a leader in semiconductor cleaning liquids, has diversified into the photoresist market, focusing on G/I line and electroplating photoresists [8][46] - The company has achieved large-scale production of G/I line photoresists, becoming a major supplier for domestic packaging applications [8][46] - The introduction of U.S. tariffs has accelerated the domestic adoption of photoresist materials, significantly increasing order volumes for its products [8][46] Group 9 - Jingrui Electric Materials, located in Jiangsu, is a leader in microelectronic materials, with its photoresist business covering multiple models including G/I line and KrF [9][48] - The company has accumulated extensive experience in photoresist R&D and production, with KrF photoresists entering the customer validation phase [9][48] - The U.S. semiconductor tariffs have led to a significant increase in domestic procurement of photoresists, resulting in notable revenue growth for the company [9][48] Group 10 - Huamao Technology, based in Fujian, has entered the photoresist market through the acquisition of XuZhou Bokan, focusing on ArF photoresist R&D [10][49] - The company aims to leverage its technical reserves to achieve breakthroughs in the production of mid-to-high-end photoresists, particularly in automotive semiconductor applications [10][49] - The acceleration of domestic substitution due to U.S. tariffs positions the company favorably in the ArF photoresist market [10][49] Group 11 - Jingfang Technology, headquartered in Jiangsu, specializes in semiconductor packaging and testing, relying on photoresists as a core consumable in its processes [11][50] - The company is enhancing cooperation with domestic photoresist manufacturers to optimize supply chain costs amid the push for domestic substitution [11][50] - The growth in demand from automotive electronics and AIoT sectors is driving the expansion of its packaging business, indirectly benefiting from the photoresist market [11][50] Group 12 - Xinlai Yingcai, based in Jiangsu, is a leader in ultra-pure fluid equipment, providing clean production equipment for photoresist manufacturing [12][51] - The company is expanding its product offerings to include ultra-clean equipment suitable for ArF and EUV photoresist production [12][51] - The demand for clean equipment has surged following the U.S. semiconductor tariffs, leading to significant order growth [12][51] Group 13 - Hubei Yihua, located in Hubei, is a leader in basic chemicals, producing raw materials for photoresists such as chlorobenzene and phosphorus trichloride [13][53] - The company has achieved large-scale production of photoresist raw materials, benefiting from the growing demand for localized supply following U.S. tariffs [13][53] - Its integrated chemical industry advantages help reduce production costs, enhancing its competitiveness in the photoresist supply chain [13][53]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603078 证券简称：江化微 公告编号：2026-007 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： ● 证券停复牌情况：适用 因江阴江化微电子材料股份有限公司（以下简称"公司"）控股股东淄博星恒途松控股有限公司（以下简 称"淄博星恒途松"）正在筹划重大事项，该事项可能导致公司控制权发生变更,本公司的相关证券停复 牌情况如下： ■ 公司于2026年1月12日收到了公司控股股东淄博星恒途松通知，其正在筹划重大事项，该事项可能导致 公司控制权发生变更。 鉴于本次交易事项目前尚存在不确定性，为保证公平信息披露，维护投资者利益，避免造成公司股价异 常波动，根据《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4号一一停 复牌》等有关规定，经公司向上海证券交易所申请，公司股票（证券简称：江化微，证券代码： 603078）于2026年1月13日（星期二）开市起开始停牌。具体内容详见公司披露于上海证券交易所网站 （www.sse.com.cn ...

格隆汇1月14日丨江化微(603078.SH)公布，目前公司控股股东正在积极推动本次重大事项的各项工作， 与交易方商谈本次交易条款，且交易各方需履行相关内部审批程序，公司预计无法在2026年1月15日 （星期四）开市起复牌。根据有关规定，经向上海证券交易所申请，公司股票将于2026年1月15日（星 期四）开市起继续停牌，预计继续停牌时间不超过3个交易日。 ...

格隆汇1月14日｜江化微(603078.SH)公告称，公司控股股东淄博星恒途松控股有限公司正在筹划重大事 项，可能导致公司控制权发生变更。公司股票于2026年1月13日开市起开始停牌。目前公司控股股东正 在积极推动本次重大事项的各项工作，与交易方商谈本次交易条款，且交易各方需履行相关内部审批程 序，公司预计无法在2026年1月15 日（星期四）开市起复牌。根据有关规定，经向上海证券交易所申 请，公司股票将于2026年1月15日（星期四）开市起继续停牌，预计继续停牌时间不超过3个交易日。 ...

格隆汇1月14日丨江化微(603078.SH)公布，目前公司控股股东正在积极推动本次重大事项的各项工作， 与交易方商谈本次交易条款，且交易各方需履行相关内部审批程序，公司预计无法在2026年1月15日 （星期四）开市起复牌。根据有关规定，经向上海证券交易所申请，公司股票将于2026年1月15日（星 期四）开市起继续停牌，预计继续停牌时间不超过3个交易日。 ...

Core Viewpoint - Jianghuai Microelectronics (603078.SH) announced that its controlling shareholder, Zibo Xinghengtu, is planning a significant matter that may lead to a change in the company's control [1] Group 1: Company Announcement - The company received a notification from its controlling shareholder on January 12, 2026, regarding the potential change in control [1] - The company's stock was suspended from trading starting January 13, 2026, due to this announcement [1] - The controlling shareholder is actively promoting the significant matter and negotiating transaction terms with the counterparties [1] Group 2: Trading Suspension - The company expects that it will not be able to resume trading on January 15, 2026, as initially anticipated [1] - An application has been submitted to the Shanghai Stock Exchange for the stock to continue being suspended from trading, with an expected suspension period not exceeding three trading days [1]

人民财讯1月14日电，江化微（603078）1月14日公告，控股股东淄博星恒途松正在筹划重大事项，该事 项可能导致公司控制权发生变更，目前公司控股股东正在积极推动此次重大事项的各项工作，公司股票 预计无法在1月15日复牌，将于1月15日起继续停牌，预计继续停牌时间不超过3个交易日。 ...