福建天衡联合律师事务所 关于福建海通发展股份有限公司 2025 年度向特定对象发行 A 股股票的 法律意见书 | | | | | | 福建天衡联合律师事务所 关于福建海通发展股份有限公司 2025 年度向特定对象发行 A 股股票的 法律意见书 〔2025〕天衡福非字 0108-06 号 致：福建海通发展股份有限公司 福建天衡联合律师事务所接受福建海通发展股份有限公司的委托，指派林晖律 师、陈韵律师和陈张达律师，担任福建海通发展股份有限公司 2025 年度向特定对 象发行 A 股股票事项的专项法律顾问。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发行 注册管理办法》《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业 务执业规则（试行）》《公开发行证券公司信息披露的编报规则第 12 号—公开发行 证券的法律意见书和律师工作报告》等法律、法规和中国证券监督管理委员会的有 关规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，天衡律师现就 福建海通发展股份有限公司 2025 年度向特定对象发行 A 股股票事项出具本法律意 见书。 4-1-1 法律意见书 引 言 一、释义 在本法 ...

9月25日，海通发展（603162）向特定对象发行股票申请获上交所受理。本次拟发行数量不超过3000万 股，预计募集资金2.10亿元。本次发行保荐机构为中信证券股份有限公司。（数据宝） ...

Summary of Haitong Development Conference Call Company Overview - Haitong Development is a leading dry bulk shipping company in China, controlling nearly 5 million deadweight tons of capacity, ranking high in global ultra-flexible vessel capacity [2][4] - The company has expanded from domestic to international trade since its establishment in 2009 and has been listed on the Shanghai Stock Exchange since March 2023 [4] Industry Insights - The dry bulk shipping market includes the transportation of commodities such as iron ore, coal, and grain, with vessel types categorized by size [4] - The Baltic Dry Index (BDI) experienced significant fluctuations due to external factors like U.S. tariffs, Australian hurricanes, and Brazilian rainfall, leading to a substantial decline in the first half of 2025 [2][5] - Since June, the BDI has rebounded to around 2000, a year-on-year increase of over 10%, driven by increased shipments from Australian and Brazilian mines and seasonal demand for coal [2][5][6] Key Points and Arguments - The company has implemented measures such as route selection, flexible capacity allocation, and concentrated repairs to mitigate the impact of market volatility [5] - Future quarters are expected to benefit from the Federal Reserve's interest rate cuts and an upstream mining production cycle, which will positively influence dry bulk shipping demand [7] - The West Simandou project is anticipated to provide a stable growth point, with initial shipments expected before the Double Eleven shopping festival [7][8] Supply and Demand Dynamics - The current dry bulk fleet is aging, with a historically low number of orders, creating a tight supply situation that favors existing operators [9][10] - The average age of vessels is around 15 years, with about 30% being over 15 years old, which could lead to significant industry changes if older vessels are retired [10] Future Plans - The company plans to expand its fleet to 100 vessels by 2028-2029, primarily through self-funding and bank loans, while also purchasing second-hand vessels for cost efficiency [3][14] - The company has established a marketing department to strengthen ties with upstream miners and has signed a strategic cooperation agreement with Xiamen Xiangyu to explore business opportunities [8][24] Environmental Considerations - The company is adapting to stricter environmental regulations, with measures in place to manage carbon emissions and improve compliance ratings [12] - The impact of carbon emission regulations is manageable, as costs can be passed on to charterers [12] Financial Outlook - The company expects improved profitability in the second half of the year, with high freight rates anticipated to persist [13] - Despite a significant decline in performance in the first half due to lower rates and repair costs, the outlook for the third and fourth quarters remains optimistic [13] Market Positioning - The company is focusing on its core dry bulk shipping business and does not plan to diversify into container or cruise shipping sectors [21] - The recent addition of three oil tankers is aimed at supporting internal trade operations, with limited impact on overall performance [22] Conclusion - Haitong Development is well-positioned in the dry bulk shipping market, with strategic plans for fleet expansion and partnerships that leverage market opportunities while navigating environmental challenges and fluctuating demand dynamics [2][7][8][13]

Core Viewpoint - The company has approved the grant of reserved stock options and restricted stocks as part of its 2025 stock option and restricted stock incentive plan, with specific details on the number of options, grant prices, and conditions for the grants [2][8][24]. Summary by Relevant Sections Incentive Plan Details - Reserved authorization date and grant date: September 22, 2025 [8] - Number of reserved stock options granted: 1.015 million [8] - Number of reserved restricted stocks granted: 2.03 million [8] - Exercise price for stock options: 7.05 yuan per option [9] - Grant price for restricted stocks: 4.41 yuan per share [9] Decision-Making Process - The board of directors and supervisory board held meetings to review and approve the incentive plan and its implementation [3][4]. - The plan was publicly disclosed and no objections were raised during the internal announcement period [3]. Conditions for Granting - The company has confirmed that it has not encountered any disqualifying events in the past year that would prevent the granting of options or stocks [6][7]. - The incentive plan aligns with the conditions set forth in the approved plan from the shareholders' meeting [7][8]. Financial Impact - The company will account for the stock options and restricted stocks according to relevant accounting standards, using the Black-Scholes model for valuation [20][21]. - The estimated fair value of the restricted stocks is calculated based on the market price minus the grant price, resulting in a value of 4.43 yuan per share [22]. Legal and Advisory Opinions - Legal opinions confirm that the granting of options and stocks complies with regulations and that all necessary approvals have been obtained [24]. - An independent financial advisor has also validated the conditions and details of the incentive plan [24].

Core Points - The Shanghai Composite Index is currently at 3791.74 points, with a decline of 0.96%, and the total trading volume of A-shares is 20,625.52 billion yuan [1] - A total of 17 A-shares have surpassed their annual line today, with notable stocks showing significant deviation rates, including Jinfu Technology, Xinhua Jin, and Nanjing Bank, with deviation rates of 7.49%, 3.74%, and 3.17% respectively [1] Summary by Category Stock Performance - Jinfu Technology (300128) has increased by 8.01% with a turnover rate of 12.11%, latest price at 5.80 yuan, and a deviation rate of 7.49% [1] - Xinhua Jin (600735) has risen by 10.07% with a turnover rate of 10.26%, latest price at 6.23 yuan, and a deviation rate of 3.74% [1] - Nanjing Bank (601009) has seen a 4.78% increase with a turnover rate of 1.09%, latest price at 10.96 yuan, and a deviation rate of 3.17% [1] Other Notable Stocks - Tiancheng Automation (603085) has increased by 4.33% with a turnover rate of 8.71%, latest price at 11.08 yuan, and a deviation rate of 2.39% [1] - Shanghai Lingang (600848) has risen by 2.74% with a turnover rate of 0.98%, latest price at 9.74 yuan, and a deviation rate of 2.04% [1] - Qilu Bank (601665) has increased by 2.84% with a turnover rate of 2.25%, latest price at 5.80 yuan, and a deviation rate of 1.68% [1]

证券代码：603162 证券简称：海通发展 公告编号：2025-106 福建海通发展股份有限公司 关于向 2025 年股票期权与限制性股票激励计划激励 对象授予预留部分股票期权与限制性股票的公告 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： 预留行权/授予价格：预留授予的股票期权行权价格为 7.05 元/份，预留 授予的限制性股票授予价格为 4.41 元/股 福建海通发展股份有限公司（以下简称"公司"）于 2025 年 9 月 22 日召开 了第四届董事会第三十次会议，会议审议通过了《关于向 2025 年股票期权与限 制性股票激励计划激励对象授予预留部分股票期权与限制性股票的议案》，根据 2025 年第二次临时股东大会授权，公司董事会认为公司 2025 年股票期权与限制 性股票激励计划（以下简称"本次激励计划"）的预留授予条件已经成就，同意 以 2025 年 9 月 22 日为预留授权日、预留授予日，向符合条件的 33 名激励对象 授予股票期权 101.50 万份，行权价格为 7.05 元/份；向符合条件的 ...

福建海通发展股份有限公司 示： | | 获授的股票 | 占预留授 | 占当前公司股 | | --- | --- | --- | --- | | 类别 | 期权数量 （万份） | 予股票期 权总量的 | 本总额的比例 | | | | 比例 | | | 董事会认为需要激励的其他人员（33 人） | 101.50 | 100.00% | 0.11% | | 人） 预留授予股票期权数量合计（33 | 101.50 | 100.00% | 0.11% | 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票均未超过公司总 股本的 1.00%。公司全部在有效期内的激励计划所涉及的标的股票总数累计不超过本计划公告时公司股本 总额的 10.00%。 2、本激励计划激励对象不包括独立董事，也不包括单独或合计持有公司 5%以上股份的股东或实际控 制人及其配偶、父母、子女。 3、上表中数值若出现总数与各分项数值之和尾数不符，均为四舍五入原因所致。 2025 年股票期权与限制性股票激励计划预留授予激励对象名单 （预留授权日、授予日） （二）本激励计划预留授予的限制性股票在各激励对象间的分配情况如下表 一、总体 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于福建海通发展股份有限公司 2025 年股票期权与限制性股票激励计划授予事项的 法 律 意 见 书 康达法意字【2025】第 0479 号 $$\Xi{\cal O}\,{\underline{{{-\,}}}}\,{\underline{{{\mp\,}}}}\,\hbar\,\mathbb{F}$$ 法律意见书 北京市康达律师事务所 关于福建海通发展股份有限公司 2025 年股票期权与限制性股票激励计划授予事项的法律 ...

证券代码：603162 公司简称：海通发展 上海荣正企业咨询服务（集团）股份有限公司 关于 福建海通发展股份有限公司 2025 年股票期权与限制性股票激励计划 预留授予相关事项 之 独立财务顾问报告 2025 年 9 月 | 一、释义 | 3 | | --- | --- | | 二、声明 | 5 | | 三、基本假设 | 6 | | 四、独立财务顾问意见 | 7 | | （一）本激励计划已履行的相关审批程序 7 | | | （二）本激励计划授予条件成就情况的说明 8 | | | （三）本激励计划的预留授予情况 9 | | | （四）本次授予对相关年度财务状况和经营成果影响的说明 14 | | | （五）独立财务的结论性意见 14 | | 一、释义 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： | 海通发展、本公司、公司、上市公 | 指 | 福建海通发展股份有限公司（含分公司及控股子公 | | --- | --- | --- | | 司 | | 司） | | 本激励计划、股权激励计划 | 指 | 福建海通发展股份有限公司 2025 年股票期权与限 | | | | 制性股票激励计划 | | 股票期权 ...

(1) 最近 12 个月内被证券交易所认定为不适当人选; 福建海通发展股份有限公司董事会薪酬与考核委员会 关于公司 2025 年股票期权与限制性股票激励计划预留授予 激励对象名单（预留授权日、授予日）的核查意见 福建海通发展股份有限公司(以下简称"公司")董事会薪酬与考核委员会 依据《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》")、《上市公司股权激励管理办法》(以下简称"《管理 办法》"）等有关规定，对福建海通发展股份有限公司 2025 年股票期权与限制性 股票激励计划（以下简称"本次激励计划"）预留授予激励对象名单（预留授权 日、授予日）进行了核查,发表核查意见如下: 1、获授权益的激励对象不存在《管理办法》规定的不得成为激励对象的情 形: (6)中国证监会认定的其他情形。 2、预留授予激励对象符合《激励计划》规定的激励对象条件,其中不包括 独立董事、单独或合计持有公司 5%以上股份的股东或实际控制人及其配偶、父 母、子女。 3、公司和本次授予权益的激励对象均未发生不得授予权益的情形，公司本 次激励计划的预留授予条件已成就。 综上所述,董事会薪酬与考核 ...