11月26日下午，香港大埔宏福苑发生五级火灾，灾情严峻，造成重大人员伤亡及财产损失，牵动了全国 人民的心。对此，南华期货股份有限公司全体人员深感痛心与关切，决定捐款100万港币，支援香港火 灾救援及受灾群众的紧急安置及生活援助。 火灾无情，人间有爱。南华期货作为国内知名的金融机构，始终秉持"取诸社会，用诸社会"的企业精 神，积极履行社会责任。横华国际作为南华期货全资香港子公司，深耕本地市场，与香港社区紧密相 连。此次联合捐款，既是两地金融同仁对受灾同胞的深切牵挂，更是内地与香港守望相助、共克时艰的 生动体现，我们希望以绵薄之力，为受灾家庭撑起 "保护伞"，帮助他们渡过当下的艰难时刻。 除资金援助外，南华期货与横华国际将密切关注灾情后续动态，并视需要动员公司志愿者资源，为有需 要的居民提供力所能及的帮助。同时，我们呼吁社会各界爱心人士与机构，能一同伸出援手，汇聚更多 力量，帮助宏福苑的居民们早日重建家园，恢复正常生活。 最后我们谨对不幸遇难者表示深切哀悼，愿逝去的灵魂早日安息，伤痛早日抚平，愿生活重归安宁。 （文章来源：国际金融报） ...

Core Viewpoint - Nanhua Futures Co., Ltd. has approved the global offering of H-shares and plans to list on the Hong Kong Stock Exchange, paving the way for its entry into the Hong Kong market [1][3]. Meeting Overview - The board meeting was held on November 28, 2025, with all nine directors present, and the procedures complied with legal requirements [2]. Core Proposal Review - The board approved the proposal for the global offering of H-shares, which includes both public and international offerings, with a unanimous vote of 9 in favor [3]. - The proposal was previously reviewed by the board's strategic committee and does not require shareholder approval [3]. Company Charter Revision - The board approved amendments to the company charter to meet compliance requirements for the H-share issuance and listing, based on regulatory demands [4]. - The amendments do not require shareholder approval and received a unanimous vote of 9 in favor [4]. Follow-up Arrangements - The board's decision lays a crucial foundation for the H-share issuance and listing, with further details to be disclosed after completing the approval process [5]. - The announcement was officially released on November 29, 2025 [5]. Specific Approvals - The board authorized the management to issue and sign the prospectus and other related documents in compliance with domestic and international regulations [7]. - The board also agreed to handle procedural matters throughout the H-share issuance and listing process [7].

Core Insights - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Awards Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1] Group 1: Event Overview - The event highlighted the future opportunities in the Chinese capital market [1] - The 7th Sina Finance Golden Unicorn Awards recognized outstanding research institutions [1] Group 2: Award Results - The top research institutions recognized were: - 1st: Shenwan Hongyuan Securities - 2nd: Changjiang Securities - 3rd: Guotai Junan Securities - 4th: Tianfeng Securities - 5th: GF Securities - 6th: Guoxin Securities - 7th: Industrial Securities - 8th: CITIC Securities - 9th: Zheshang Securities - 10th: Guolian Minsheng Securities [1]

南华期货股份有限公司 章 程 | | | | 第一章 | 总 则 1 | | | --- | --- | --- | | 第二章 | 经营宗旨和范围 2 | | | 第三章 | 股份 2 | | | 第一节 | 股份发行 2 | | | 第二节 | 股份增减和回购 | 4 | | 第三节 | 股份转让 5 | | | 第四章 | 股东和股东会 6 | | | 第一节 | 股东的一般规定 | 6 | | 第二节 | 控股股东和实际控制人 | 10 | | 第三节 | 股东会的一般规定 11 | | | 第四节 | 股东会的召集 | 13 | | 第五节 | 股东会的提案与通知 | 14 | | 第六节 | 股东会的召开 | 16 | | 第七节 | 股东会的表决和决议 | 19 | | 第五章 | 董事和董事会 23 | | | 第一节 | 董事的一般规定 | 23 | | 第二节 | 董事会 27 | | | 第三节 | 独立董事 31 | | | 第四节 | 董事会专门委员会 | 33 | | 第六章 | 高级管理人员 35 | | | 第一节 | 一般规定 35 | | | 第二节 | 首席风险官 37 ...

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。 2025 年 7 月 14 日，南华期货股份有限公司（以下简称"公司"）召开了 2025 年第二次临时股东大会，审议并通过了《关于修订公司于 H 股发行上市后适用的 <公司章程（草案）>及相关议事规则（草案）的议案》。该次股东大会授权董事 会及其授权人士，为本次发行上市之目的，根据境内外有关政府部门和监管机构 的要求与建议以及本次发行上市的实际情况等，对《南华期货股份有限公司章程 （草案）》（以下称"《公司章程（草案）》"）进行调整和修改。 2025 年 11 月 28 日，公司召开了第五届董事会第四次会议，根据上述股东 大会的授权，审议通过了根据香港中央结算有限公司的修改意见修订的《公司章 程（草案）》。具体条款修订情况如下： | 修订前 | 修订后 | | --- | --- | | 第二十七条 公司的股份应当依法转让。 | 第二十七条 公司的股份应当依法转让。所 | | | 有 H 股的转让皆应采用一般或普通格式或 | | | 任何其他为董事会接受的格式的书面转让 | | ...

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。 一、董事会会议召开情况 南华期货股份有限公司（以下简称"公司"）第五届董事会第四次会议于 2025 年 11 月 28 日以现场和通讯相结合的方式召开，本次会议的通知于 2025 年 11 月 24 日以电话、电子邮件等方式向全体董事发出，由董事长罗旭峰先生主持。 本次会议应出席董事 9 人，实际出席董事 9 人。公司董事会秘书出席本次会议。 公司高级管理人员列席会议。 证券代码：603093 证券简称：南华期货 公告编号：2025-068 南华期货股份有限公司 第五届董事会第四次会议决议公告 本次会议的召集、召开及表决程序符合《中华人民共和国公司法》等法律、 行政法规和部门规章以及《公司章程》的规定，会议决议合法有效。 二、董事会会议审议情况 本次会议审议并通过如下议案： 一、审议通过《关于确定 H 股全球发售（香港公开发售及国际发售）及在 香港联合交易所有限公司上市相关事宜之议案》 董事会同意公司 H 股全球发售及在香港联合交易所有限公司上市的相关安 排，包括但不限于：（1） ...

Core Viewpoint - Nanhua Futures has approved two key proposals regarding the global offering of H-shares and related matters for listing on the Hong Kong Stock Exchange [1] Group 1 - The first proposal involves the determination of the global offering of H-shares, including both public and international offerings, with a unanimous vote of 9 in favor, and it does not require submission to the shareholders' meeting for further approval [1] - The second proposal pertains to the amendment of the company's articles of association to comply with the requirements following the H-share issuance and listing, also receiving a unanimous vote of 9 in favor, and similarly does not require submission to the shareholders' meeting for approval [1]

Core Viewpoint - The domestic non-ferrous metal market showed significant gains on November 28, with lead futures performing strongly, closing up 1.09% at 17,090.00 CNY/ton [1] Market Performance - The Shanghai market reported that Chihong Zn & Ge lead was priced between 17,000-17,060 CNY/ton, with a premium of 0-50 CNY/ton over the SHFE lead 2512 contract [1] Supply and Demand Dynamics - According to Nanhua Futures, the domestic smelting sector is experiencing mixed changes, with unresolved issues regarding primary lead raw materials and a continued decline in treatment charges (TC) [1] - In Hebei, the supply of recycled lead is regionally tight, and the profitability of recycled lead smelting has weakened, leading to a decrease in operational willingness, with current recycled lead finished product inventories at historical lows [1] - Demand remains stable, with SMM reporting that the weekly operating rate of lead-acid battery plants in Guangzhou is steady at 70.56%, and terminal demand in the lead market is showing stability, with battery plants purchasing on dips and a slight improvement in the spot trading atmosphere [1] Future Outlook - Southwest Futures indicates that the supply of lead concentrate is tight, and by-product revenues are supporting primary lead production. Strict regulations in northern regions are affecting the circulation of waste batteries, leading to slow growth in recycled lead output [1] - There is strong demand for energy storage batteries and a recovery in automotive battery replacement needs, although demand for electric bicycle batteries has shifted from strong to weak, with high dealer inventories [1] - Last week, social inventories of electrolytic lead increased by 2,800 tons, and the market is expected to experience fluctuations driven by supply disruptions and resilient demand, potentially leading to a wide-ranging oscillation pattern [1]

Core Viewpoint - The company expresses deep sorrow and concern over the severe fire incident in Hong Kong, leading to significant casualties and property damage, and has decided to donate 1 million HKD for relief efforts [1] Group 1: Company Response - Nanhua Futures Co., Ltd. emphasizes its commitment to social responsibility by donating funds to support fire rescue and emergency assistance for affected residents [1] - The company highlights its connection to the local community through its wholly-owned subsidiary, Honghua International, which has been actively engaged in the Hong Kong market [1] Group 2: Call for Collective Action - The company encourages other individuals and organizations to join in providing support to help the residents of Hongfu Garden rebuild their homes and restore normalcy [1] - Nanhua Futures and Honghua International plan to monitor the situation closely and mobilize volunteer resources as needed to assist residents [1] Group 3: Condolences - The company extends heartfelt condolences to the victims of the tragedy, wishing for peace for the departed souls and a swift recovery for the affected [1]

Core Viewpoint - Nanhua Futures has shown significant stock performance with a year-to-date increase of 61.61%, despite recent fluctuations in trading volume and price [1][2]. Company Overview - Nanhua Futures Co., Ltd. was established on May 28, 1996, and listed on August 30, 2019. The company is based in Hangzhou, Zhejiang Province, and its main business includes futures brokerage, wealth management, risk management, overseas financial services, and futures investment consulting [2]. - The revenue composition of Nanhua Futures is as follows: risk management business 50.19%, overseas financial services 29.70%, futures brokerage 17.32%, wealth management 2.51%, and other businesses 0.28% [2]. Financial Performance - As of September 30, 2025, Nanhua Futures reported a net profit of 351 million yuan, a year-on-year decrease of 1.92%. The company had zero operating revenue for the same period [2]. - The company has distributed a total of 173 million yuan in dividends since its A-share listing, with 120 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Nanhua Futures was 37,600, a decrease of 12.94% from the previous period. The average circulating shares per person increased by 14.86% to 16,231 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 3.0049 million shares, a decrease of 2.4675 million shares from the previous period [3].