Core Viewpoint - The legal opinion letter from Shanghai Shangzheng Hengtai Law Firm confirms that the 2024 annual general meeting of Kewah Holdings Co., Ltd. was convened and conducted in accordance with relevant laws and regulations, ensuring the legitimacy of the meeting and its resolutions [1][4][8]. Group 1: Meeting Procedures - The board of directors announced the meeting details on April 16, 2025, including the date, time, location, and agenda, in compliance with legal requirements [2][3]. - The meeting was held on May 21, 2025, at 14:30 in Changzhou, Jiangsu Province, and was presided over by the chairman, Mr. Chen Hongmin [2][3]. Group 2: Attendance and Voting - A total of 9 shareholders and their proxies attended the meeting in person, representing 49,852,158 shares, which is 26.1629% of the total voting shares [3][4]. - Additionally, 65 shareholders participated via online voting, representing 22,641,110 shares, or 11.8823% of the total voting shares [3][4]. Group 3: Voting Results - The resolutions regarding the 2024 annual board and supervisory reports were approved with 99.7311% of votes in favor [4][5]. - The financial budget for 2025 and the three-year shareholder return plan (2025-2027) also received overwhelming support, with similar approval rates [5][6]. - The proposal for the 2024 profit distribution plan was approved with 99.7272% of votes in favor [6][7]. - The meeting also approved the remuneration plans for directors and supervisors for 2024 and 2025, with significant majority votes [7][8]. - The reappointment of the accounting firm was also passed with 99.7311% approval [8][9]. Group 4: Conclusion - The legal opinion concludes that the meeting's procedures, attendance qualifications, and voting processes were in full compliance with the Company Law, Securities Law, and the company's articles of association, rendering the voting results valid [4][9].

Meeting Details - The shareholders' meeting of Kehua Holdings was held on May 21, 2025, at the company's conference room in Changzhou, Jiangsu Province [1] - The meeting was convened by the board of directors and chaired by Chairman Chen Hongmin, utilizing a combination of on-site and online voting methods [1] Attendance and Voting Results - A total of 74 shareholders and proxies attended the meeting, representing 72,493,268 shares, which accounts for 37.2893% of the total share capital [3] - All proposed resolutions were passed with significant majority votes, with A-share holders voting as follows: - 72,298,360 votes in favor (99.7311%), 189,208 votes against (0.2610%), and 5,700 abstentions (0.0079%) for multiple resolutions [2][3] Resolutions Passed - Various resolutions were approved, including: - Issuance of shares, with 72,298,360 votes in favor (99.7311%) [2] - Executive compensation plan, with 22,527,139 votes in favor (99.1298%) [2] - Cash dividend distribution plan, with significant support from shareholders [2][3] Legal Compliance - The meeting's procedures, including the qualifications of attendees and voting processes, were confirmed to comply with the Company Law, Securities Law, and relevant regulations [3]

证券代码：603161 证券简称：科华控股 公告编号：2025-034 科华控股股份有限公司 2024年年度股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 74 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 72,493,268 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 38.0451 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，现场会议由董事长陈洪民先生主持。会议采用 现场投票和网络投票相结合的表决方式。本次会议的召集、召开及表决方式均符 (一) 股东会召开的时间：2025 年 5 月 21 日 (二) 股东会召开的地点：江苏省常州市溧阳市昆仑街道中关村大道 399 号公 司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份 ...

股东会法律意见书 上海上正恒泰律师事务所 上海上正恒泰律师事务所 关于科华控股股份有限公司 2024 年年度股东会的 法律意见书 二○二五年五月二十一日 股东会法律意见书 上海上正恒泰律师事务所 上海上正恒泰律师事务所 关于科华控股股份有限公司 2024 年年度股东会的 法律意见书 在本法律意见书中，本所仅对本次股东会召集和召开的程序、出席本次股东会 人员资格和召集人资格及表决程序、表决结果是否符合有关法律法规、《股东会规 则》和《公司章程》的规定发表意见，并不对本次股东会所审议的议案内容以及该 等议案所表述的事实或数据的真实性和准确性发表意见。 本所同意将本法律意见书作为本次股东会的公告材料，随同其他会议文件一并 报送有关机构并公告。 本所律师根据有关法律法规的要求，按照律师行业公认的业务标准、道德规范 和勤勉尽责精神，就本次股东会发表法律意见如下： 致：科华控股股份有限公司 上海上正恒泰律师事务所（以下简称"本所"）接受科华控股股份有限公司 （以下简称"公司"或"科华控股"）的聘请，指派律师（以下简称"本所律师"） 出席了公司 2024 年年度股东会（以下简称"本次股东会"），并依据《中华人民 共和国公司 ...

证券代码：603161 证券简称：科华控股 公告编号：2025-033 科华控股股份有限公司 关于股份回购实施结果暨股份变动的公告 重要内容提示： 一、 回购审批情况和回购方案内容 科华控股股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开第四届 董事会第十二次会议，审议通过了《关于以集中竞价交易方式回购股份方案的议 案》，同意公司使用不低于人民币 2,000 万元（含）且不超过人民币 3,000 万元（含） 的自有资金通过集中竞价交易方式回购公司股份，回购价格不超过人民币 17.68 元/股（含），并将回购股份用于员工持股计划或股权激励。回购期限自董事会审 议通过回购股份方案之日起 12 个月内（即自 2025 年 4 月 15 日至 2026 年 4 月 14 日 ）。 具 体 内 容 详 见 公 司 于 2025 年 4 月 16 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《科华控股股份有限公司关于以集中竞价交易方式回 购股份方案的公告暨回购报告书》（公告编号：2025-018）。 公司于 2025 年 4 月 22 日召开第四届董事会第十三次 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for investment opportunities [2]. Core Insights - The automotive industry is experiencing a recovery in profitability, driven by the "old-for-new" policy, which has stimulated steady growth in passenger car sales in China [4][20]. - In 2024, the wholesale sales of passenger cars in China reached 27.41 million units, a year-on-year increase of 6.15%, while the sales of new energy passenger cars grew by 31.99% to 12.23 million units [4][22]. - The penetration rate of new energy vehicles increased to 44.6% in 2024, up 10.2 percentage points from 2023, indicating a strong trend towards electrification [22]. - The report highlights a significant divergence in performance within the passenger car sector, with leading companies like BYD showing robust growth, while others like SAIC and GAC faced declines [31][39]. Summary by Sections 1. Automotive Industry Performance in 2024 - The automotive industry in China is benefiting from government policies that encourage consumers to replace old vehicles with new ones, leading to increased sales [20]. - The total wholesale sales of passenger cars in 2024 were 27.41 million units, with a growth rate of 6.15% year-on-year [4][20]. 2. Passenger Car Sector: Performance Disparity - The passenger car sector achieved revenues of CNY 2,063.48 billion in 2024, a 9.79% increase, while net profit reached CNY 59.83 billion, up 1.37% [5][31]. - The first quarter of 2025 saw revenues of CNY 434.86 billion, a 7.39% increase, and net profit of CNY 14.09 billion, a 16.35% increase [5][31]. 3. Automotive Parts Sector: Revenue and Profit Growth - The automotive parts sector reported revenues of CNY 966.12 billion in 2024, a 6.14% increase, and net profit of CNY 47.41 billion, a 10.29% increase [6][53]. - In the first quarter of 2025, revenues reached CNY 234.43 billion, a 7.40% increase, with net profit at CNY 14.32 billion, a 13.56% increase [6][53]. 4. Investment Strategy - The automotive indices have shown significant growth, with the passenger car index rising by 7.29% and the automotive parts index by 14.82% year-to-date [7][75]. - The report emphasizes the importance of focusing on intelligent vehicle development, with companies like Huawei leading in technology integration [79]. 5. Key Companies and Recommendations - The report recommends several companies based on their performance and market position, including Zhongyuan Neipei, Xinz坐标, Kehua Holdings, and others, all rated as "Buy" [10].

Group 1 - The company announced a share repurchase plan with a budget of 20 million to 30 million RMB, aimed at employee stock ownership plans or equity incentives [1][2] - The repurchase plan was approved on April 15, 2025, and will be executed within 12 months [1][2] - As of May 15, 2025, the company has repurchased a total of 2,097,884 shares, representing 1.0791% of the total share capital, with a total expenditure of 24,821,031.92 RMB [2][3] Group 2 - The company adjusted the source of repurchase funds from "own funds" to "own funds and self-raised funds" while keeping other aspects of the repurchase plan unchanged [2] - The highest purchase price for the repurchased shares was 12.49 RMB per share, and the lowest was 10.35 RMB per share [2]

| 回购方案首次披露日 | 2025/4/16 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 2,000万元~3,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 2,097,884股 | | 累计已回购股数占总股本比例 | 1.0791% | | 累计已回购金额 | 24,821,031.92元 | | 实际回购价格区间 | 10.35元/股~12.49元/股 | 一、 回购股份的基本情况 证券代码：603161 证券简称：科华控股 公告编号：2025-032 科华控股股份有限公司 关于以集中竞价交易方式回购股份比例达 1% 暨回购进展公告 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： 上述回购符合相关法律法规的规定及公司既定的回购股份方案的要求。 三、 其他事项 公司将严格按照《上市公司股份回购规则》《上海 ...

Core Viewpoint - The company, Kehua Holdings (603161), has announced a share repurchase plan aimed at utilizing funds for employee stock ownership plans or equity incentives [1] Summary by Relevant Sections Share Repurchase Plan - The board of directors approved a share repurchase plan on April 15, 2025, with a budget of 20 million to 30 million yuan [1] - The repurchase will be conducted through centralized bidding [1] Repurchase Progress - As of May 15, 2025, the company has repurchased a total of 2.0979 million shares, which accounts for 1.0791% of the total share capital [1] - The repurchase price range was between 10.35 yuan and 12.49 yuan per share [1] - The total funds used for the repurchase amounted to 24.821 million yuan, excluding transaction fees [1] Future Plans - The company intends to continue the repurchase based on market conditions and will disclose relevant progress in a timely manner [1]

2024 年年度股东会会议资料 科华控股股份有限公司 2024 年年度股东会 会议资料 二○二五年五月二十一日 目录 | 科华控股股份有限公司 2024 年年度股东会会议议程 | | 3 | | --- | --- | --- | | 会议须知 | | 5 | | 议案一：关于公司 年度董事会工作报告的议案 | 2024 | 7 | | 议案二：关于公司 年度监事会工作报告的议案 | 2024 | 8 | | 议案三：关于公司 年度财务决算报告的议案 | 2024 | 9 | | 议案四：关于公司 年度财务预算方案的议案 | 2025 | 10 | | 议案五：关于公司未来三年（2025-2027 年）股东回报规划的议案 | | 11 | | 议案六：关于公司 年度利润分配预案的议案 | 2024 | 15 | | 议案七：关于公司 年年度报告及摘要的议案 | 2024 | 16 | | 议案八：关于公司 年度贷款授信额度的议案 | 2025 | 17 | | 议案九：关于公司 年度对子公司提供担保的议案 | 2025 | 18 | | 议案十：关于提请股东会授权董事会全权办理以简易程序向特定对象发行股票相 ...