Core Viewpoint - The article discusses the importance of electronic cloth in the production of copper-clad laminates (CCL) and its impact on the performance of printed circuit boards (PCB), highlighting the growing demand for specialized electronic cloth in high-performance applications such as AI hardware and data centers [5][16][21]. Group 1: Electronic Cloth and CCL - Copper-clad laminates (CCL) are essential materials for manufacturing printed circuit boards (PCB), composed of electronic cloth, resin matrix, and copper foil [5]. - The dielectric constant (Dk) and dielectric loss (Df) of electronic cloth significantly influence the signal integrity in PCBs, affecting the electromagnetic field distribution and energy loss during signal transmission [8][9]. - The dielectric properties of electronic cloth, such as Dk and Df, are critical for high-speed signal transmission, with lower values indicating better performance [9][10]. Group 2: Market Trends and Demand - The demand for specialized electronic cloth, including low dielectric (Low-DK) and low expansion (Low-CTE) glass fiber cloth, is increasing due to the rising requirements for AI hardware and high-speed data communication [20][21]. - The global PCB industry is entering a new growth cycle, with an expected compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, driven by high-end applications in AI, servers, and automotive electronics [41][42]. - The market for high-end CCL is projected to outperform the overall market, with manufacturers maintaining a cautious expansion strategy amid strong demand [43][50]. Group 3: Competitive Landscape - The market for Low-DK second-generation glass fiber cloth is characterized by limited suppliers, with major players including Nitto Denko, AGY, and Huagong Technology actively expanding production capacity [54]. - The top ten manufacturers in the CCL market account for approximately 75% of global sales, with the leading four companies holding nearly 48% market share [51]. - Companies like Feilihua and Zhongcai Technology are focusing on developing quartz fiber electronic cloth, which offers superior dielectric performance compared to traditional glass fibers [60][79].

证券代码：603256 证券简称：宏和科技 公告编号：2025-048 宏和电子材料科技股份有限公司 关于获得发明专利的公告 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。 宏和电子材料科技股份有限公司（以下简称"公司"）于近日收到了国家知识产权 局颁发的《发明专利证书》，具体如下： 专利申请日：2022年12月12日 专利权人：宏和电子材料科技股份有限公司 发明人：刘名金;严海林;徐璟 授权公告日：2025年07月08日 专利权期限：二十年（自申请日起算） 本次发明专利的取得是公司在本领域重要核心技术的体现和延伸，本次专利的获 得不会对公司近期经营产生重大影响，但有利于进一步完善公司知识产权体系的布 局，从而提升公司的技术核心竞争力。 特此公告。 证书号：第8056553号 发明名称：一种IC载板用电子级玻璃纤维布的表面处理剂及表面处理方法 专利号：ZL 2022 1 1592399.8 2025 年 7 月 16 日 宏和电子材料科技股份有限公司 董事会 ...

Group 1 - The core viewpoint of the news is that companies are actively engaging in share buyback and employee stock ownership plans to enhance investor confidence and align management interests with shareholders [1][2]. - Shenzhen Overseas Chinese Town Holdings Company plans to increase its stake in Huaqiang City A by investing between 111 million and 220 million RMB within six months, currently holding 48.78% of the total shares [1]. - Chengyi Pharmaceutical announced an employee stock ownership plan for 2025, targeting to raise up to 48.2864 million RMB, with a share price set at 5.02 RMB per share, covering up to 228 employees [1][2]. Group 2 - The employee stock ownership plan has performance targets for revenue and net profit from 2025 to 2027, with growth rates set at 30%, 55%, and 85% for revenue, and 35%, 65%, and 100% for net profit [2]. - Several companies have announced plans for share reductions by executives and major shareholders, including Jinzheng Co., which plans to reduce up to 28.8 million shares, equivalent to approximately 568 million RMB [3][4][5]. - The reduction plans are set to commence from July 15, indicating a trend of liquidity events in the market as companies adjust their shareholder structures [7][8].

Meeting Summary - The second extraordinary general meeting of shareholders was held on July 14, 2025, at the company's administrative building in Shanghai [2][3] - All resolutions proposed during the meeting were approved without any objections [2][5] Attendance - All 9 current directors attended the meeting, with some participating via telecommunication [3] - All 3 current supervisors were present, with one attending in person and two via telecommunication [3][4] Resolutions Passed - The meeting approved several key resolutions, including: - Issuance of A-shares to specific targets [5][7] - Details regarding the issuance, such as types of shares, pricing, and usage of raised funds [6][7] - A three-year shareholder return plan for 2025-2027 [8] - Authorization for the board to handle matters related to the issuance of A-shares [8] - Amendments to the company's governance rules [9][10] Board Adjustment - Huang Yujia resigned from her position as a shareholder representative director and was subsequently elected as an employee representative director [13] - The board composition remains compliant with legal requirements regarding the number of employee representatives [13] Shareholder Reduction Plan - SHARP TONE INTERNATIONAL LIMITED and UNICORN ACE LIMITED plan to reduce their holdings by up to 17,594,550 shares, representing 2% of the total shares [18][19] - The reduction will occur through block trading within three months following the announcement [19][21] - The shareholders have committed to adhering to the lock-up period and relevant regulations regarding share reduction [22]

Summary of Key Points Core Viewpoint - The announcement details a share reduction plan by major shareholders SHARP TONE INTERNATIONAL LIMITED and UNICORN ACE LIMITED, who collectively hold 6.55% of the company's shares, due to funding needs [1][2]. Shareholder Holding Situation - As of the announcement date, SHARP TONE holds 28,805,220 shares (3.27% of total shares), and UNICORN ACE holds the same amount, totaling 57,610,440 shares [1][2]. Reduction Plan Details - The shareholders plan to reduce their holdings by up to 17,594,550 shares, representing 2% of the total share capital, through block trading within three months starting 15 trading days after the announcement [2][5]. - The reduction period is set from August 5, 2025, to November 5, 2025 [5]. Shareholder Identity and Compliance - Both SHARP TONE and UNICORN ACE are identified as concerted actors of the controlling shareholder, Yuan Yi International Limited, and comply with the reduction rules [2][4]. - The shareholders have committed to not transferring or managing their shares for 36 months post-listing and have specific conditions for extending the lock-up period [6][7]. Adjustments to Reduction Quantity - Any changes in share capital due to dividends, stock splits, or other corporate actions will lead to adjustments in the planned reduction quantity [2][5].

关于董事调整暨选举职工董事的公告 鉴于宏和电子材料科技股份有限公司（以下简称"公司"）根据《中华人民共 和国公司法》等法律、法规和规范性文件的有关规定修改了《宏和电子材料科技 股份有限公司章程》（以下简称"公司章程"），公司董事会成员中应包含一名职 工代表董事。据此，因公司内部治理结构调整，黄郁佳女士于2025年7月14日辞 去公司股东代表董事职务。现经公司于2025年7月14日召开的职工代表大会选举， 黄郁佳被选举为公司第四届董事会职工代表董事（简历详见附件），与经公司股 东大会选举产生的第四届董事会非职工代表董事共同组成公司第四届董事会，任 期自职工代表大会审议通过之日起至第四届董事会任期届满之日止。 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。 黄郁佳女士当选公司职工代表董事后，公司第四届董事会中兼任公司高级管 理人员以及由职工代表担任的董事人数未超过公司董事总数的二分之一，符合相 关法律法规及公司章程的要求。 特此公告。 宏和电子材料科技股份有限公司 董事会 证券代码：603256 证券简称：宏和科技 公告编号 ...

40 thFloor Bund Center, 222 East Yan An Road, Shanghai 200002, P.R.China 中国上海市延安东路 222 号外滩中心 40 楼 200002 Tel/电话:(8621) 6249 6040 Fax/传真:(8621) 6248 2266 Website/网址: www.jinmao.com.cn 上海市金茂律师事务所 关于宏和电子材料科技股份有限公司 2025年第二次临时股东大会之法律意见书 致：宏和电子材料科技股份有限公司 宏和电子材料科技股份有限公司（以下简称"公司"）2025 年第二次临时股 东大会（以下简称"本次股东大会"）于 2025 年 7 月 14 日下午在公司会议室召开。 上海市金茂律师事务所（以下简称"本所"）经公司聘请并接受公司委托，委派翟 正洪律师、赵可沁律师（以下简称"本所律师"）出席本次股东大会，并根据《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》"）、中国证券监督管理委员会《上市公司股东会规则》 （以下简称"《股东会规则》"）等相关法律、法规和规范性文件以及《 ...

证券代码：603256 证券简称：宏和科技 公告编号：2025-045 宏和电子材料科技股份有限公司 2025年第二次临时股东大会决议公告 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 (一)股东大会召开的时间：2025 年 7 月 14 日 (二)股东大会召开的地点：宏和电子材料科技股份有限公司行政楼二楼会议室 （上海市浦东新区康桥工业区秀沿路 123 号） (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情况： | 1、出席会议的股东和代理人人数 | 287 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 745,203,429 | | 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 | 84.7084 | | 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。 公司 2025 年第二次临时股东大会由公司董事长毛嘉明先生主持，会议采用 现场投票和 ...

证券代码：603256 证券简称：宏和科技 公告编号：2025-047 宏和电子材料科技股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，SHARP TONE INTERNATIONAL LIMITED（以下 简称"SHARP TONE"）、UNICORN ACE LIMITED（以下简称"UNICORN ACE"） 合计持有宏和电子材料科技股份有限公司（以下简称"公司"）股份数 量为 57,610,440 股，占公司股份总数 879,727,500 股的比例为 6.55%。 其中，SHARP TONE 持有公司股份数量为 28,805,220 股,占公司股份总 数的比例为 3.27%；UNICORN ACE 持有公司股份数量为 28,805,220 股， 占公司股份总数的比例为 3.27%。 鉴于 SHARP TONE、UNICORN ACE 与公司控股股东远益国际有限公 司（以下简称"远益国际"）均为公司实际控制人控制的企业， ...

智通财经7月14日电，宏和科技(603256.SH)公告称，股东SHARP TONE和UNICORN ACE因资金需求， 计划通过大宗交易方式合计减持不超过17,594,550股，占公司总股本的2%。 宏和科技：股东拟合计减持不超过2%公司股份 ...