Group 1 - The third extraordinary general meeting of shareholders was held on November 14, 2025, at the conference room of Meizhong Energy Co., Ltd. in Shanxi Province [2] - The meeting was presided over by Mr. Zhang Jianbing, a director of the company, and complied with the relevant provisions of the Company Law and the Articles of Association [2][3] Group 2 - Four proposals were reviewed during the meeting, all of which were approved, including the cancellation of the supervisory board and the revision of certain articles of the Articles of Association [3][4] - The proposal to provide guarantees for the controlling subsidiary was also approved, with more than two-thirds of the voting rights held by shareholders present at the meeting supporting the relevant proposals [4] Group 3 - The meeting was witnessed by lawyers from Beijing Junhe Law Firm, who confirmed that the procedures for convening and holding the meeting, as well as the qualifications of attendees and the voting process, complied with legal regulations and the Articles of Association [4]

证券代码：603393 证券简称：新天然气 公告编号：2025-040 新疆鑫泰天然气股份有限公司 2025年第三次临时股东大会决议公告 (五)公司董事、监事和董事会秘书的出席情况 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 11 月 14 日 (二)股东大会召开的地点：山西省晋城市沁水县嘉峰镇郭北村美中能源有限公司 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情况： | 1、出席会议的股东和代理人人数 | 270 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 184,246,190 | | 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（%） | 43.4624 | (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张舰兵先生主持。本次会议的召集、召开和表决方式、 表决程序符 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 85191300 传真：(86-10) 85191350 junhebj@junhe.com 北京市君合律师事务所 关于新疆鑫泰天然气股份有限公司 2025 年第三次临时股东大会的法律意见书 致：新疆鑫泰天然气股份有限公司 北京市君合律师事务所（以下简称"本所"）受新疆鑫泰天然气股份有限公 司（以下简称"贵公司"）的委托，根据《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、规章及《新疆鑫泰天然气股份有限公司章程》（以下简称"《公司 章程》"）的有关规定，就贵公司 2025 年第三次临时股东大会（以下简称"本 次会议"）有关事宜出具本法律意见书。 本法律意见书仅就本次会议的召集和召开程序、出席本次会议人员的资格、 召集人资格、会议表决程序是否符合中国有关法律、法规及《公司章程》的规定 以及表决结果是否合法有效发表意见，并不对本次会议所审议的议案内容以及该 等议案所表述的相关事实或数据的真实性、准确性或合法性发表意见。本法律意 见书仅供见证本次会议相关事 ...

Core Insights - Egypt's Ministry of Petroleum and Mineral Resources announced the discovery of a new natural gas field in the western desert region [1] - The discovery was made by Badr El Din Petroleum Company through the BED 15-31 exploration well [1] - The well is expected to produce 16 million cubic feet of natural gas per day and 750 barrels of condensate, contributing an estimated 1.5 billion cubic feet to Egypt's total gas reserves [1] Industry Developments - Egypt is currently reassessing the oil and gas resources in the region to identify optimal locations for future drilling [1]

Investment Rating - The report maintains a "Buy" rating for key companies in the petrochemical sector, specifically recommending China National Petroleum, China Petroleum & Chemical, CNOOC, Zhongman Petroleum, and New Natural Gas [4]. Core Views - OPEC+ has decided to pause production increases in Q1 2026, with a planned increase of 137,000 barrels per day in December 2025. The next meeting is scheduled for November 30, 2025. The market sentiment has improved due to this decision, but concerns about weak demand and oversupply remain, leading to expectations of price fluctuations in the short term [1][7]. - The report highlights the impact of U.S. sanctions on Russian oil producers, which has led Turkish refiners to reduce purchases of Russian crude and seek alternatives from Iraq, Libya, Saudi Arabia, and Kazakhstan [1][7]. Summary by Sections Industry Investment Rating - The report recommends focusing on industry leaders with strong performance and high dividends, specifically China National Petroleum, China Petroleum & Chemical, and CNOOC, due to their stable earnings and growth potential [10]. Oil Supply and Demand - As of October 31, 2025, U.S. crude oil production reached 13.65 million barrels per day, an increase of 10,000 barrels from the previous week. Refinery throughput also rose to 15.26 million barrels per day, up by 40,000 barrels [8][9]. - U.S. crude oil inventories increased, with strategic reserves at 409.6 million barrels, up by 500,000 barrels week-on-week [9]. Price Trends - As of November 7, 2025, Brent crude oil futures settled at $63.63 per barrel, down 2.21% from the previous week, while WTI futures settled at $59.75 per barrel, down 2.02% [8][34]. - The report notes a decrease in LNG prices in Northeast Asia, with the price at $11.02 per million British thermal units, down 1.63% week-on-week [8][37]. Company Performance - The report indicates that the petrochemical sector has outperformed the broader market, with a 4.6% increase in the sector compared to a 0.8% increase in the CSI 300 index as of November 7, 2025 [11][14]. - Key companies such as Zhongjie Oil and Gas and Hengtong Petrochemical have shown significant weekly gains, with increases of 15.61% and 8.20%, respectively [16].

Investment Rating - The report maintains a "Buy" rating for the company [9]. Core Views - The company reported a revenue of 2.97 billion yuan for the first three quarters of 2025, a year-on-year increase of 0.2%, while the net profit attributable to the parent company was 815 million yuan, a decrease of 7.53% year-on-year. In the third quarter, revenue was 932 million yuan, down 8.0% year-on-year, and net profit was 194 million yuan, down 30.08% year-on-year [2][6]. - Increased costs due to project payments have led to a rise in long-term borrowings, impacting performance. However, with the arrival of the peak season and rising natural gas prices, performance is expected to improve. The extension of clean energy special fund terms and increased subsidies for coalbed methane are also positive factors. The company's strategy of "strengthening, extending, and supplementing the chain" is expected to solidify its "full industry chain of natural gas" [2][12]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 2.97 billion yuan, with a net profit of 815 million yuan. The third quarter saw a revenue of 932 million yuan and a net profit of 194 million yuan, reflecting significant declines in profitability [2][6]. Strategic Developments - The company has implemented a strategy focusing on "strong chain, extended chain, and supplemented chain," which aims to establish a comprehensive operational framework for the natural gas industry. Recent acquisitions and project developments are part of this strategy [12]. Market Conditions - The onset of winter has led to increased demand for natural gas, with significant price fluctuations observed. For instance, in Inner Mongolia, LNG prices surged by over 20% within half a month, indicating a potential recovery in performance for the fourth quarter [12]. Future Outlook - The company expects EPS for 2025-2027 to be 2.75 yuan, 3.01 yuan, and 3.79 yuan, respectively, with corresponding PE ratios of 10.83X, 9.87X, and 7.84X, supporting the "Buy" rating [12].

Core Insights - The Badr El-Din Petroleum Company has announced the discovery of new natural gas resources in the Western Desert of Egypt [1] Company Summary - Badr El-Din Petroleum Company is actively exploring and expanding its natural gas resources, indicating a potential increase in production capacity and reserves [1] Industry Summary - The discovery of new natural gas resources in the Western Desert may enhance Egypt's position in the energy market, contributing to the country's overall energy strategy and economic growth [1]

Core Insights - Egypt has reported that a new natural gas well is producing 16 million cubic feet of gas per day and 750 barrels of condensate daily [1] Group 1 - The new natural gas well's daily production is significant, indicating potential growth in Egypt's energy sector [1] - The production figures highlight Egypt's ongoing efforts to enhance its natural gas output and meet domestic and export demands [1]

Group 1 - The establishment of Henan Deep Earth Clean Energy Co., Ltd. has been officially registered, with a legal representative named Chen Yongze and a registered capital of 5 million yuan [1] - The company's business scope includes engineering and technology research and experimental development, basic geological exploration, and geological exploration technical services [1] - The company is jointly held by the Clean Energy Industry Technology Research Institute, Henan Xintai Clean Energy Technology Co., Ltd. under New Natural Gas (603393), and Shenhuo Co., Ltd. (000933) [1]

新疆鑫泰天然气股份有限公司 2025 年第三次临时股东大会 会 议 资 料 二〇二五年十一月 新疆鑫泰天然气股份有限公司 2025 年第三次临时股东大会 会议议程 现场会议召开时间：2025 年 11 月 14 日 15 时 现场会议召开地点：山西省晋城市沁水县嘉峰镇郭北村美中能源有限公司会议室 网络投票时间：本次网络投票采用上海证券交易所股东大会网络投票系统，通过交 易系统投票平台的投票时间为股东大会召开当日的交易时间段，即 9:15-9:25， 9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 现场会议议程： - 1 - 一、宣布公司 2025 年第三次临时股东大会开幕； 二、宣布现场出席会议人员情况； 三、介绍现场会议表决及选举办法； 四、股东推选计票人、监票人； 五、审议议题： 1) 审议《关于公司取消监事会并废止<监事会议事规则>的议案》 2) 审议《关于修订<公司章程>部分条款的议案》 3) 审议《关于修订公司部分管理制度的议案》 4) 审议《关于为控股子公司提供担保的议案》 六、股东提问； 七、现场股东对议案进行投票表决； - ...