Group 1 - The company, Shanghai Huide Technology Co., Ltd., received an inquiry letter from the Shanghai Stock Exchange regarding its application for a specific stock issuance on September 2, 2025 [1] - The company has conducted thorough research and addressed the questions raised in the inquiry letter in collaboration with relevant intermediaries [1] - The response to the inquiry letter has been publicly disclosed on the Shanghai Stock Exchange's website [1] Group 2 - The issuance of A-shares to specific objects for the year 2025 is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [2] - There is uncertainty regarding whether the company will pass the review by the Shanghai Stock Exchange and obtain the necessary registration approval from the China Securities Regulatory Commission [2] - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations as the situation progresses [2]

Core Viewpoint - The inquiry from the Shanghai Stock Exchange regarding Huide Technology's A-share issuance for 2025 focuses on the underperformance of previous fundraising investments and the rationale behind the new capacity for polyurethane materials [1][2] Group 1: Previous Investment Performance - The underperformance of the previous "annual production of 180,000 tons of polyurethane resin and its modified products project" is attributed to intensified competition in the TPU market, leading to price competition among industry leaders [1] - The company has decided to postpone the construction of 35,000 tons of TPU capacity due to these market conditions [1] - The company's strategy at its Fujian plant focuses on differentiation, primarily producing general-purpose products with more cautious pricing, resulting in lower gross margins compared to the customized high-value-added products from the Shanghai Jinshan plant [1] Group 2: New Investment Justification - The new investment aims to add 125,000 tons of polyester polyol and 180,000 tons of polyurethane material capacity, justified by the expansive market potential in the polyurethane industry, with the domestic market expected to reach 202.1 billion yuan in 2024 [2] - The current utilization rates for the company's polyurethane capacity stand at 74.76% and nearly 85% for polyester polyol, both exceeding industry averages, indicating a clear capacity gap [2] - The company has established stable customer relationships, including with Shilian Group, and is expanding its market presence among domestic new energy vehicle manufacturers and in the North and Central China regions [2] - New products, including copolyester and polyol modified products, have completed pilot testing and are ready for full capacity utilization [2]

补充法律意见书（二） 上海市锦天城律师事务所 补充法律意见书（二） 上海市锦天城律师事务所 关于上海汇得科技股份有限公司 2025 年度向特定对象发行 A 股股票的 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 补充法律意见书（二） 上海市锦天城律师事务所 关于上海汇得科技股份有限公司 2025 年度向特定对象发行 A 股股票的 补充法律意见书（二） 致：上海汇得科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海汇得科技股份有限 公司（以下简称"发行人"或"公司"或"汇得科技"）的委托，并根据发行人 与本所签订的《聘请律师合同》，作为发行人 2025 年度向特定对象发行 A 股股 票（以下简称"本次发行"）的特聘专项法律顾问，已出具《上海市锦天城律师 事务所关于上海汇得科技股份有限公司 2025 年度向特定对象发行 A 股股票的律 师工作报告》（以下简称《律师工作报告》）、《上海市锦天城律师事务所关于上海 汇得科技股份有限公司 2025 年度向特定对象发行 ...

关于 上海汇得科技股份有限公司 2025 年度向特定对象发行 A 股股票 审核问询函的回复 发行人 （上海市金山区金山卫镇春华路 180 号） 保荐人（主承销商） （上海市黄浦区中山南路 119 号东方证券大厦） 二〇二五年十一月 关于上海汇得科技股份有限公司 向特定对象发行股票申请文件的审核问询函的回复 上海证券交易所： 贵所于 2025 年 9 月 2 日下发的《关于上海汇得科技股份有限公司向特定对 象发行股票申请文件的审核问询函》（上证上审（再融资）[2025]264 号，以下 简称"审核问询函"）已收悉。根据审核问询函的要求，东方证券股份有限公 司（以下简称"东方证券"或"保荐机构"）会同上海汇得科技股份有限公司 （以下简称"汇得科技"、"公司"、"发行人"），本着勤勉尽责、诚实守 信的原则，就审核问询函所提问题逐条进行了认真落实，并对申请文件进行了 相应的补充、修改和说明，现回复如下，请予以审核。 一、如无特别说明，本回复报告中的简称或名词释义与《上海汇得科技股 份有限公司 2025 年度向特定对象发行 A 股股票募集说明书》中的含义相同。 二、本文中所列数据可能因四舍五入原因而与数据直接相加之和存 ...

关于上海汇得科技股份有限公司 2025 年度向特定对象发行 A 股股票审核问询函的回复 信会师函字[2025]第 ZA602 号 上海证券交易所： 贵所于 2025 年 9 月 2 日下发的《关于上海汇得科技股份有限公司向特定对 象发行股票申请文件的审核问询函》（上证上审（再融资）[2025]264 号，以下 简称"审核问询函"）已收悉。根据审核问询函的要求，立信会计师事务所（特 殊普通合伙）（以下简称"申报会计师"）会同上海汇得科技股份有限公司（以 下简称"汇得科技"、"公司"、"发行人"），本着勤勉尽责、诚实守信的原 则，就审核问询函所提问题逐条进行了认真落实，现回复如下，请予以审核。 一、如无特别说明，本回复报告中的简称或名词释义与《上海汇得科技股份 有限公司 2025 年度向特定对象发行 A 股股票募集说明书》中的含义相同。 二、本文中所列数据可能因四舍五入原因而与数据直接相加之和存在尾数差 异。 三、本审核问询函回复中的字体代表以下含义： | 黑体（加粗） | 《审核问询函》所列问题 | | --- | --- | | 宋体 | 对《审核问询函》所列问题的回复 | | 楷体加粗 | 对募集说明书等申 ...

证券代码：603192 证券简称：汇得科技 公告编号：2025-054 上海汇得科技股份有限公司 本公司董事会及全体董事保证本公告内容真实、准确、完整，并确认不存在虚假 记载、误导性陈述或重大遗漏，并承担相应的法律责任。 上海汇得科技股份有限公司（以下简称"公司"或"汇得科技"）于 2025 年 09 月 02 日收到上海证券交易所（以下简称"上交所"）出具的《关于上海汇得科技股份 有限公司向特定对象发行股票申请文件的审核问询函》（上证上审（再融资）〔2025〕 264 号）（以下简称"《审核问询函》"），上交所审核机构对公司向特定对象发行股 票申请文件进行了审核，并提出了问询问题。 公司收到《审核问询函》后，按照要求会同相关中介机构就《审核问询函》提出的 问题进行了认真研究和逐项落实，现根据相关要求对《审核问询函》回复进行公开披露， 具体内容详见公司同日在上交所网站（www.see.com.cn）上披露的《关于汇得科技 2025 年度向特定对象发行 A 股股票审核问询函的回复》等相关文件。 公司 2025 年度向特定对象发行 A 股股票事项尚需经上交所审核通过，并获得中国 证券监督管理委员会（以下简称"中国 ...

Core Points - The company announced the first unlock of restricted stock under the 2024 incentive plan, allowing 739,800 shares to be listed for trading on November 24, 2025 [2][12] - A total of 113 eligible participants will benefit from this unlock, representing approximately 0.52% of the company's total share capital [12][16] - The board of directors confirmed that the conditions for the first unlock period have been met, following the approval of the relevant proposals in previous board and shareholder meetings [16][17] Summary of Relevant Sections Incentive Plan Approval and Implementation - The incentive plan was approved through a series of board meetings and a temporary shareholders' meeting held in September 2024 [3][4][5] - The initial grant of restricted stock was registered on November 22, 2024, with a total of 2.487 million shares granted to 114 participants [5][11] Unlock Conditions and Procedures - The first unlock period for the restricted stock will end on November 21, 2025, with trading commencing on November 24, 2025 [11][12] - The board confirmed that the unlock conditions specified in the incentive plan have been satisfied, allowing the eligible participants to apply for the unlock of their shares [10][12] Stock Structure and Trading Restrictions - The total number of shares to be unlocked is 739,800, with specific trading restrictions for directors and senior management outlined in the company's regulations [12][13] - The company will ensure compliance with relevant laws and regulations regarding the transfer of shares by directors and senior management [13]

Core Points - The announcement from Huide Technology indicates that the stock listing type is for equity incentive shares [2] - The method of stock subscription is offline, with a total of 739,800 shares listed [2] - The total number of shares available for circulation is also 739,800, with the circulation date set for November 24, 2025 [2]

Group 1 - The core point of the article is that Huide Technology (SH 603192) announced the convening of its fourth board meeting on November 17, 2025, to discuss the conditions for the first unlock period of the 2024 restricted stock incentive plan [1] - For the fiscal year 2024, Huide Technology's revenue composition is as follows: polyurethane accounts for 92.31%, other businesses account for 4.42%, and new energy components account for 3.27% [1] - As of the time of reporting, Huide Technology has a market capitalization of 3.5 billion yuan [1]

证券代码：603192 证券简称：汇得科技 公告编号：2025-053 上海汇得科技股份有限公司 关于 2024 年限制性股票激励计划首次授予部分第一个 解除限售期解除限售条件成就暨上市流通的公告 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个别及连带责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 739,800股。 本次股票上市流通总数为739,800股。 本次股票上市流通日期为2025 年 11 月 24 日。 上海汇得科技股份有限公司（以下简称"公司"）于 2025 年 11 月 17 日召开 了第四届董事会第六次会议，会议审议通过了《关于公司 2024 年限制性股票激励 计划首次授予部分第一个解除限售期解除限售条件成就的议案》，根据《上市公司 股权激励管理办法》《公司 2024 年限制性股票激励计划》（以下简称"本次激励计 划"或"本激励计划"）的相关规定及公司 2024 年第一次临时股东大会的授权， 公司 2024 年限制性股票激励计划第一个解除限售期解除限售条件已成就，公司董 事会同 ...