Group 1 - On January 19, Huaxiang Co., Ltd. executed a block trade of 1.1482 million shares, with a transaction value of 20.1282 million yuan, accounting for 8.66% of the total transaction volume for the day [1] - The transaction price was 17.53 yuan, representing a discount of 10.1% compared to the market closing price of 19.5 yuan [1]

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。 山西华翔集团股份有限公司（以下简称"公司"或"华翔股份"）于近日 收到公司持股 5%以上股东山西省交通开发投资集团有限公司（以下简称"山西 交投"）通知，山西交投已获得上海证券交易所（以下简称"上交所"）出具 的《关于对山西省交通开发投资集团有限公司非公开发行科技创新可交换公司 债券挂牌转让无异议的函》（上证函〔2026〕74 号），山西交投以其持有的公 司部分 A 股股票为标的，面向专业投资者非公开发行总额不超过 2 亿元的科技 创新可交换公司债券符合上交所的挂牌转让条件，上交所对其挂牌转让无异议。 本次可交换公司债券发行将采取股票担保及信托形式，山西交投以其合法 拥有的公司部分 A 股股票作为担保及信托财产并办理相关担保及信托登记，以 保障本次可交换公司债券持有人交换标的股票和本次可交换公司债券本息按照 约定如期足额兑付。根据《中国证券登记结算有限责任公司可交换公司债券登 记结算业务细则》等的相关要求，办理担保及信托登记的主要内容如下： 1、山西交投与本次可交换公司债券受托管 ...

Core Viewpoint - Shanxi Jiaotou, a shareholder holding more than 5% of Huaxiang Co., has received approval from the Shanghai Stock Exchange for the non-public issuance of technology innovation exchangeable bonds not exceeding 200 million yuan [1] Group 1 - The bond issuance will be secured by stocks and trust, with Shanxi Jiaotou planning to transfer 16,722,409 shares of Huaxiang Co. (approximately 3.10% of the total issued capital) into a dedicated account for collateral and trust [1] - As of the announcement date, Shanxi Jiaotou holds 8.40% of Huaxiang Co.'s shares, which will decrease to 5.30% after the registration is completed, while maintaining a holding of 3.10% through the dedicated account [1] - The transaction does not affect the controlling rights of Shanxi Jiaotou and does not constitute a mandatory tender offer [1]

Core Viewpoint - The controlling shareholder of Shanxi Huaxiang Group Co., Ltd. has reduced its stake, impacting the company's shareholding structure, but this does not trigger a mandatory tender offer or change the actual controller of the company [1][2]. Group 1: Shareholding Changes - The controlling shareholder, Shanxi Linfen Huaxiang Industrial Co., Ltd., announced a plan to reduce its holdings by up to 16,205,116 shares, representing no more than 3% of the total share capital, through centralized bidding and block trading [1]. - On January 16, 2026, Huaxiang Industrial reduced its holdings by 263,000 shares, decreasing its ownership from 53.01% to 52.97%, which constitutes a change that touches the 1% threshold [2]. - The reduction in shareholding is part of a previously disclosed plan and does not lead to a change in the controlling shareholder or actual controller of the company [2]. Group 2: Compliance and Future Monitoring - The company will continue to monitor the implementation of the shareholder's reduction plan and ensure compliance with relevant regulations [2]. - The reduction does not require the disclosure of a report on the change in equity or a tender offer report, as it aligns with prior commitments [2]. - Investors are advised to pay attention to the risks associated with the ongoing reduction plan [2].

Group 1 - The core point of the article is that Huaxiang Co., Ltd. (603112.SH) reported a change in shareholding by Shanxi Linfen Huaxiang Industrial Co., Ltd., which reduced its stake in Huaxiang Co. from 53.01% to 52.97% through a block trade on January 16, 2026, triggering a 1% threshold change [1] Group 2 - Huaxiang Industrial reduced its holdings by 263,000 shares [1] - The shareholding change indicates a minor adjustment in ownership structure, as the percentage change is just 0.04% [1] - The transaction occurred on the same day the notice was issued, reflecting a prompt execution of the share reduction [1]

证券代码：603112 证券简称：华翔股份 公告编号：2026-005 | 权益变动方向 | 比例增加□ | 比例减少 | | --- | --- | --- | | 权益变动前合计比例 | 53.01% | | | 权益变动后合计比例 | 52.97% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ 否 | | | 是否触发强制要约收购义务 | 是□ 否 | | 一、 信息披露义务人及其一致行动人的基本信息 1、身份类别 投资者及其一致行动人的身份 控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（仅适用于无控 股股东、实际控制人） □其他______________（请注明） 2、信息披露义务人信息 | 山西临汾华翔实业有限公司 | 控股股东/实控人 | 9114100071361853XM | | --- | --- | --- | | | □控股股东/实控人的一致行动人 | | | | | □不适用 | | 信息披露义务人名称 | 投资者身份 □其他直接持股股东 | 统一社会信用代码 | 山西华翔集团股份有限公司 关 ...

Group 1 - The core point of the announcement is that the controlling shareholder, Shanxi Linfen Huaxiang Industrial Co., Ltd., plans to reduce its stake in Huaxiang Co., Ltd. by up to 16.2051 million shares, which is no more than 3% of the total share capital within three months [1] - On January 16, 2026, Huaxiang Industrial reduced its holdings by 263,000 shares through block trading, decreasing its shareholding ratio from 53.01% to 52.97%, which is a change that touches the 1% threshold [1] - The reduction is part of the disclosed plan and does not trigger a mandatory tender offer, nor will it lead to changes in the controlling shareholder or actual controller [1]

Group 1 - On January 16, Huaxiang Co., Ltd. executed a block trade of 263,000 shares, with a transaction value of 4.6604 million yuan, accounting for 1.57% of the total transaction volume for the day [1] - The transaction price was 17.72 yuan, which represents a discount of 9.03% compared to the market closing price of 19.48 yuan [1] - The block trade involved multiple brokerage firms, indicating a diverse interest from different market participants [2]

Core Viewpoint - The company, Huaxiang Co., Ltd. (603112.SH), announced a significant change in the equity holdings of its controlling shareholder, Huaxiang Industrial Co., Ltd., which reduced its stake from 55.00% to 53.01% through a share reduction of 10,722,374 shares, amounting to approximately 210 million yuan [1] Group 1: Shareholder Equity Changes - Huaxiang Industrial reduced its holdings between January 14 and January 15, 2026, impacting the company's ownership structure [1] - The weighted average price of Huaxiang shares during this period was 19.564 yuan [1] - The reduction in shareholding triggered a notification as it crossed the 1% threshold [1] Group 2: Fundraising Activities - Huaxiang Co., Ltd. was listed on the Shanghai Stock Exchange on September 17, 2020, with an initial public offering price of 7.82 yuan per share, raising a total of 416 million yuan [1] - The company faced a shortfall of approximately 49.85 million yuan compared to its planned fundraising target of 466 million yuan [1] - The total issuance costs for the company amounted to 51.5142 million yuan, with underwriting and sponsorship fees of 33.0189 million yuan [2] Group 3: Recent Financing Initiatives - The company issued 26,649,746 shares at an issue price of 7.88 yuan, raising a total of 210 million yuan, with net proceeds of approximately 207.42 million yuan after deducting fees [3] - A proposed issuance of convertible bonds aims to raise up to 1.30752 billion yuan, intended for enhancing core component capacity, extending the industrial chain, and supplementing working capital [3]

Core Viewpoint - Shanxi Huaxiang Group Co., Ltd. plans to utilize part of its idle self-owned funds for cash management, aiming to improve fund efficiency, reduce financial costs, and increase cash asset returns, with a maximum amount of RMB 1.35 billion within a 12-month period [2][4][5]. Investment Overview - **Investment Purpose**: The company intends to enhance fund efficiency and reduce financial costs while ensuring sufficient working capital for normal operations [4]. - **Investment Amount**: The total amount for cash management will not exceed RMB 1.35 billion, and the funds can be rolled over within the decision's validity period [5]. - **Source of Funds**: The funds for this cash management initiative will come from the company's idle self-owned funds [6]. - **Investment Method**: The company will purchase investment products sold by reputable financial institutions, with strict risk control measures in place [7]. - **Investment Duration**: The cash management will be effective for 12 months from the date of board approval [8]. Review Procedures - The board of directors approved the cash management proposal with a unanimous vote of 9 in favor, with no opposition or abstentions, and it does not require shareholder meeting approval [9]. Impact on the Company - Utilizing idle self-owned funds for cash management is expected to improve fund efficiency and generate investment returns, ultimately benefiting the company's overall profitability and providing better returns for shareholders [12].