国浩律师（上海）事务所 上海市静安区山西北路 99 号苏河湾中心 MT25-28 楼 邮编：200041 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Te：+862152341668 传真/Fax：+862152431670 网址/Website：http://www.grandall.com.cn 二〇二五年八月 国浩律师(上海)事务所 法律意见书 关于 江苏恒兴新材料科技股份有限公司 2025 年股权激励计划首次授予事项 之 法律意见书 国浩律师（上海）事务所关于 江苏恒兴新材料科技股份有限公司 2025 年股权激励计划首次授予事项之 法律意见书 致：江苏恒兴新材料科技股份有限公司 国浩律师（上海）事务所依据与江苏恒兴新材料科技股份有限公司签署的《专 项法律服务委托合同》，受托担任江苏恒兴新材料科技股份有限公司实施本激励 计划的特聘专项法律顾问。 本所律师根据《中华人民共和国证券法》《中华人民共和国公司法》《上市 公司股权激励管理办法》（以下简称"《管理办法》"）等法律、法规和中国证 监会 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 Grandall Law Firm (Shanghai) 中国 上海 山西北路 99 号苏河湾中心 MT 25-28 楼，200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Shanghai, China, 200085 电话/TEL: (8621) 5234-1668 传真/FAX: (8621) 5243-1670 关于江苏恒兴新材料科技股份有限公司 2025 年第一次临时股东大会的法律意见书 致：江苏恒兴新材料科技股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受江苏恒兴新材料科技股 份有限公司（以下简称"公司"）委托，指派本所律师出席公司 2025 年第一次临 时股东大会（以下简称"本次股东大会"）。本所律师根据《中华人民共和国证 券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等法律、 法规、部门规章和规范性文件以及《江苏恒兴新材料科技股份有限公司章程》（以 下简称"《公司章程》"）的规定， ...

证券代码：603276 证券简称：恒兴新材 公告编号：2025-052 江苏恒兴新材料科技股份有限公司 2025年第一次临时股东大会决议公告 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 8 月 8 日 (二)股东大会召开的地点：宜兴市青墩路 1 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 | 105 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 134,450,379 | | 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 | | | 份总数的比例（%） | 65.43 | (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。 本次股东大会由董事会召集、公司董事长张千主持。本次股东大会采取现场 投票和网络投票相结合的方式召开并表决，会议的召开及表决程序符合《中华人 民共和国公司法》和《江苏恒兴新材料科技股份有限公司章程》、《江苏恒兴新材 料科技股份有限公司股东大会议事规则》的有关规定。 本公司董事会及全体董事保证本 ...

证券代码：603276 证券简称：恒兴新材 公告编号：2025-056 江苏恒兴新材料科技股份有限公司 第二届监事会第十七次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 江苏恒兴新材料科技股份有限公司（以下简称"公司"）第二届监事会第十 七次会议于 2025 年 8 月 8 日以现场结合通讯方式召开。会议通知已于 2025 年 8 月 4 日通过书面文件的方式送达各位监事。本次会议应出席监事 3 人，实际出席 监事 3 人。 会议由监事会主席姚云松先生主持。本次会议的召集、召开和表决程序符合 有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。出席会议 的监事对各项议案进行了认真审议并做出了如下决议： 因此，监事会同意以 2025 年 8 月 8 日为公司 2025 年股权激励计划的首次授 予日，向 11 名激励对象授予 200.72 万股限制性股票，授予价格为 8.37 元/股。 1 具体内容详见公司披露于上海证券交易所网站（www.sse.com.cn）的《关于 向公司 2 ...

（2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； 江苏恒兴新材料科技股份有限公司监事会 关于公司 2025 年股权激励计划首次授予部分 激励对象名单（授予日）的核查意见 江苏恒兴新材料科技股份有限公司（以下简称"公司"）监事会根据《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》"）、《上市公司股权激励管理办法》等有关法律、法规及规范性 文件和《江苏恒兴新材料科技股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，对公司 2025 年股权激励计划（以下简称"本激励计划"）首次授予部 分的激励对象名单（授予日）进行审核，发表核查意见如下： 1、公司本激励计划首次授予的激励对象人员名单与公司 2025 年第一次临时 股东大会批准的《江苏恒兴新材料科技股份有限公司 2025 年股权激励计划（草 案）》规定的激励对象条件相符，激励对象不包含独立董事、监事、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。 2、本次获授予权益的激励对象不存在《上市公司股权激励管理办法》等法 律、法规规定的不得成为激励对象的情形： （1 ...

证券代码：603276 证券简称：恒兴新材 公告编号：2025-054 江苏恒兴新材料科技股份有限公司 第二届董事会第二十二次会议决议公告 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。 一、董事会会议召开情况 具体内容详见公司披露于上海证券交易所网站（www.sse.com.cn）的《关于 向公司 2025 年股权激励计划激励对象首次授予限制性股票的公告》（公告编号： 2025-055）。 本议案已经第二届董事会薪酬与考核委员会 2025 年第三次会议审议通过后 1 提交本次董事会审议。根据公司 2025 年第一次临时股东大会的授权，该事项属 于授权范围内事项，无需提交股东大会审议。 表决结果：7 票同意；0 票反对；0 票弃权。 江苏恒兴新材料科技股份有限公司（以下简称"公司"）第二届董事会第二 十二次会议于 2025 年 8 月 8 日以现场结合通讯方式召开。会议通知已于 2025 年 8 月 4 日通过书面文件的方式送达各位董事。本次会议应参加表决的董事 7 人，实际出席参加表决的董事 7 人。 会议由董事长张千先生主 ...

Core Viewpoint - The company plans to manage part of its temporarily idle raised funds through cash management to enhance fund utilization efficiency and increase investment returns [4][11]. Group 1: Cash Management Overview - The company has allocated 15 million yuan of temporarily idle raised funds for cash management, specifically investing in bank financial products [2][3]. - The cash management decision was approved during the board and supervisory meetings held on August 26, 2024 [2][13]. - The company has successfully redeemed the principal of 15 million yuan and received an investment return of 73,100 yuan from a structured deposit with Bank of China [3]. Group 2: Investment Purpose and Source - The primary objective of the cash management is to improve the efficiency of fund usage without affecting the construction of investment projects and normal operations [4]. - The funds for this cash management initiative are sourced from temporarily idle raised funds [5]. Group 3: Cash Management Product Details - The cash management products selected are characterized by high safety, good liquidity, and a maximum term of 12 months, with a capital protection agreement [9]. - The cash management is conducted with Bank of China Yixing Branch, which has no related party relationship with the company [7]. Group 4: Risk Control Measures - The company has established a robust approval and execution process for purchasing financial products to ensure the safety of the invested funds [10]. - The company will adhere to prudent investment principles and select reputable issuers for the financial products [10]. - The finance department will monitor the investment products and take necessary measures if risks are identified [10]. Group 5: Impact on Company Operations - The use of temporarily idle raised funds for cash management will not affect the implementation of investment projects or the normal operations of the company [11]. - This strategy is expected to enhance fund utilization efficiency and generate additional investment returns for the company [11]. Group 6: Approval Procedures - The company has previously approved the use of up to 515 million yuan for cash management, which was later increased to 565 million yuan [12]. - The most recent approval allows for the use of up to 520 million yuan for cash management [13].

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。 证券代码：603276 证券简称：恒兴新材 公告编号：2025-051 江苏恒兴新材料科技股份有限公司 关于部分闲置募集资金现金管理到期赎回 并继续进行现金管理的公告 重要内容提示： ● 履行的审议程序：江苏恒兴新材料科技股份有限公司（以下简称"公司"） 于 2024 年 8 月 26 日召开了第二届董事会第十七次会议和第二届监事会第十二次 会议，审议通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》。 ● 特别风险提示：公司拟开展现金管理的产品属于安全性高、流动性好、风 险低的投资品种，但不排除该项投资受到市场波动和业务操作等的影响产生投资 风险，敬请投资者注意投资风险。 一、部分闲置募集资金进行现金管理到期赎回情况 公司于 2025 年 4 月 26 日使用部分暂时闲置募集资金 1,500.00 万元购买了中 国银行股份有限公司宜兴分行结构性存款（公告编号：2025-015），截至目前公 司已收回本金 1,500.00 万元，并收到理财收益 7.31 万元，本金及收益已 ...

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - The report highlights that there are opportunities for recovery in the light industry manufacturing sector amidst existing divergences and cyclical challenges [2] - The report emphasizes the importance of monitoring the paper price recovery as the supply side experiences disturbances, particularly in the pulp market, with expectations for price increases in Q3 and Q4 [2][3] - The new tobacco segment shows resilience with British American Tobacco reporting stable performance in new products, indicating potential growth in the mid-single digits for new tobacco products [3] - The report notes the impact of updated tariffs on exports, suggesting a potential recovery in orders as clarity on tariff policies emerges in August [4] - The packaging sector is expected to benefit from competitive advantages and improved supply chain management, with companies like Zhongxin and Yongxin poised for growth [6] - The smart glasses market is anticipated to gain momentum as major tech companies emphasize the importance of AI integration in wearable technology [6] - The cross-border e-commerce landscape is evolving with changes in U.S. tax policies, which may clarify the global strategies of domestic sellers [7] - The report discusses the structural opportunities in the maternal and infant industry due to new government subsidies, which are expected to stimulate demand in lower-tier markets [9][10] - The home appliance sector is likely to stabilize as government funding for consumption upgrades is implemented [16] - The tools sector is projected to see a recovery in demand as the U.S. may initiate interest rate cuts, which could boost housing transactions [17] Summary by Sections Pulp and Paper - Global pulp supply disturbances are noted, with companies like Altri and UPM adjusting production strategies, leading to expectations of price recovery in Q3 and Q4 [2][3] New Tobacco - British American Tobacco's H1 results show a slight decline in overall revenue but stable performance in new tobacco products, indicating potential for growth [3] Exports - Recent updates on tariffs may lead to a recovery in orders, with a focus on companies that can adapt to the changing landscape [4] Packaging - Companies in the packaging sector are expected to leverage cost advantages and improve supply chain efficiencies for growth [6] Smart Glasses - The smart glasses market is set to expand as major tech firms invest in AI capabilities [6] Cross-Border E-commerce - Changes in U.S. tax policies are expected to clarify the operational landscape for cross-border e-commerce sellers [7] Maternal and Infant Industry - New government subsidies are anticipated to stimulate demand in the maternal and infant sector, particularly in lower-tier markets [9][10] Home Appliances - The home appliance sector is expected to stabilize with government support for consumption upgrades [16] Tools - The tools sector may see demand recovery as the U.S. considers interest rate cuts, potentially boosting housing market activity [17]

Core Viewpoint - The company has approved the 2025 Equity Incentive Plan and its management measures, aiming to motivate and retain key personnel through stock options [1][6]. Disclosure and Publicity - The company disclosed the draft of the 2025 Equity Incentive Plan and its management measures on the Shanghai Stock Exchange website on July 23, 2025 [1]. - From July 23 to August 1, 2025, the company publicly announced the list of initial incentive recipients internally for a period of 10 days, during which employees could raise objections [2]. Verification Process - The supervisory board verified the list of proposed incentive recipients, including their identification documents, employment contracts, and positions held within the company [3]. Supervisory Board's Opinion - The supervisory board confirmed that all individuals listed as initial incentive recipients meet the qualifications set forth by relevant laws and regulations [4]. - None of the proposed incentive recipients fall under the disqualifications outlined in the management measures, such as being deemed inappropriate by the stock exchange or regulatory authorities within the last 12 months [5]. - The incentive recipients comply with the conditions specified in the management measures and the draft plan, excluding independent directors, supervisors, and major shareholders [5][6].