北京市中伦律师事务所 关于金石资源集团股份有限公司 2024 年年度股东大会的 法律意见书 致：金石资源集团股份有限公司 法律意见书 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料。 本所律师得到公司如下保证，即其已提供了本所律师认为作为出具本法律意见书 所必需的材料，所提供的原始材料、副本、复印件等材料、口头证言均符合真实、 准确、完整的要求，有关副本、复印件等材料与原始材料一致。 北京市中伦律师事务所（以下简称"本所"）作为金石资源集团股份有限公 司（以下简称"公司"）的常年法律顾问，受公司委托，指派律师出席公司 2024 年年度股东大会（以下简称"本次股东大会"）。本所律师根据《中华人民共和国 公司法》（以下简称"《公司法》"）等相关法律、法规、规范性文件及《金石资源 集团股份有限公司章程》（以下简称"《公司章程》"）、《金石资源集团股份有限公 司股东大会议事规则》（以下简称"《股东大会规则》"）的规定，对本次股东大会 进行见证并出具法律意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则》等规定及本法律意见书出具日以前已经 ...

Core Viewpoint - The company is announcing the cancellation of part of its repurchased treasury shares due to the expiration of the three-year holding period, in compliance with relevant regulations [1][5]. Group 1: Share Cancellation Details - The company will cancel 2,969,710 shares from its repurchased treasury stock, reducing its registered capital from 604,772,233 yuan to 601,802,523 yuan [1][2]. - After the cancellation, the remaining shares in the repurchase account will be 2,136,799 shares [1][2]. Group 2: Share Repurchase Background - The company has repurchased a total of 5,106,509 shares since 2022, accounting for 0.84% of its total share capital [3]. - The repurchase was conducted at an average price of 31.52 yuan per share, with a total expenditure of approximately 93.6 million yuan [2][3]. Group 3: Regulatory Compliance - The cancellation of shares is in accordance with the Company Law and the Shanghai Stock Exchange's self-regulatory guidelines, which require shares intended for employee stock ownership plans or equity incentive plans to be transferred or canceled within three years [5][6]. - The company has completed the necessary procedures to notify creditors regarding the share cancellation [5][6]. Group 4: Impact on Share Structure - The share structure will change as follows: before cancellation, there were 604,772,233 shares, and after cancellation, there will be 601,802,523 shares, maintaining the same percentage of unrestricted circulating shares [6][7]. - The cancellation will not significantly impact the company's financial status or operational results, nor will it harm the interests of the company or its shareholders [7].

证券代码：603505 证券简称：金石资源 公告编号：2025-031 金石资源集团股份有限公司 关于注销部分回购库存股的实施公告 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： 注销股份的原因：根据《中华人民共和国公司法》（以下简称"《公司 法》"）《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等相关规 定，"将股份用于员工持股计划或者股权激励计划"的情形应当在公司披露回购 结果暨股份变动公告后 3 年内转让或者注销。金石资源集团股份有限公司（以下 简称"公司"）将对回购专用证券账户中三年持有期限即将届满且尚未使用的 2,969,710 股公司股份予以注销，本次注销完成后，公司总股本将由 604,772,233 股变更为 601,802,523 股，公司注册资本将由 604,772,233 元变更为 601,802,523 元。 本次注销股份的有关情况： | 回购专用证券账户股份数量 | 本次注销股份数量 | 注销日期 | | | | | | | | | --- | --- | --- | --- ...

Investment Rating - The investment rating for the chemical raw materials industry is "Positive" (maintained) [1] Core Viewpoints - The refrigerant market is experiencing an upward trend, supported by a well-defined business model and ongoing validation of industry logic [4] - The fluorochemical industry is entering a long-term prosperity cycle, with significant growth potential across the entire supply chain, from raw materials like fluorite to high-end fluorinated materials and fine chemicals [20] Summary by Sections 1. Fluorochemical Market Overview - The fluorite market is under pressure, with the average market price for 97% wet fluorite at 3,387 CNY/ton as of June 6, down 3.09% week-on-week and 9.85% year-on-year [6][17] - The market is characterized by weak demand and a surplus of supply, leading to a negative feedback loop that suppresses immediate purchasing needs [17][32] 2. Refrigerant Market Trends - As of June 20, refrigerant prices are on an upward trend: R32 at 52,000 CNY/ton (+0.97% week-on-week), R125 at 45,500 CNY/ton (unchanged), R134a at 48,500 CNY/ton (unchanged), R410a at 48,500 CNY/ton (unchanged), and R22 at 35,000 CNY/ton (-2.78%) [7][18][45] - The external trade market for refrigerants shows stability, with R32 external reference price at 51,000 CNY/ton (unchanged) and R22 at 32,000 CNY/ton (unchanged) [7][18] 3. Beneficiary Companies - Recommended beneficiary companies include Jinshi Resources, Juhua Co., Sanmei Co., and Haohua Technology, with other beneficiaries being Dongyangguang, Yonghe Co., Dongyue Group, and Xinzhou Bang [9][20]

Core Viewpoint - The 2024 Annual General Meeting of China Kings Resources Group Co., Ltd. is set to address key operational challenges and opportunities, focusing on business growth, project advancements, and financial performance amidst market fluctuations [1][8]. Meeting Procedures - The meeting will be organized by the company's Securities Legal Affairs Department, ensuring compliance with relevant laws and regulations [1]. - Only authorized personnel, including shareholders, directors, supervisors, and legal representatives, will be allowed to attend the meeting [2]. - Attendees must adhere to meeting decorum, including restrictions on mobile phone usage and recording [2][3]. - Late shareholders will not have their shares counted for voting unless permitted by the meeting organizers [2][3]. Shareholder Rights and Voting - Shareholders have the right to speak, inquire, and vote during the meeting, with a limit of three speeches per shareholder, each not exceeding five minutes [3]. - Voting will be conducted through both on-site and online platforms, with specific timeframes for participation [4]. - The company will implement a reminder service for small and medium investors to ensure their participation [5]. Financial Performance - In 2024, the company achieved a revenue of 2.75228 billion yuan, a year-on-year increase of 45.17%, while net profit attributable to shareholders decreased by 26.33% to 257.03 million yuan [9]. - The decline in net profit is attributed to inventory impairment losses and increased costs due to safety and environmental investments [9][13]. Key Projects and Innovations - The company is focusing on the "Selection and Chemical Integration" project in Baotou, which has become a significant profit source, contributing approximately 114.24 million yuan to net profit [11]. - The company is also advancing its overseas resource extraction projects in Mongolia, with plans for significant production increases [23]. - Research and development efforts have led to the introduction of innovative technologies in the explosives sector, with sales of specialized equipment generating 12.09 million yuan [12]. Governance and Compliance - The board of directors has held 12 meetings to ensure compliance with regulations and to address various operational matters [15]. - The supervisory board has conducted oversight on financial management and compliance, confirming that the company operates within legal frameworks [27][31]. ESG and Sustainability Efforts - The company is committed to ESG principles, focusing on carbon emission reductions and sustainable practices in its operations [14][25]. - A carbon emission assessment for 2024 indicates a reduction of 24.47% in carbon intensity compared to the previous year [14].

证券代码：603505 证券简称：金石资源 公告编号：2025-030 金石资源集团股份有限公司 关于全资子公司为公司提供担保的公告 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： 被担保人名称：金石资源集团股份有限公司（以下简称"公司"或"本 公司"） 本次担保金额：公司全资子公司浙江大金庄矿业有限公司（以下简称"大 金庄矿业"）于近日与上海浦东发展银行股份有限公司杭州求是支行（以下简称 "浦发银行杭州求是支行"）签订《最高额保证合同》，为公司在浦发银行杭州 求是支行办理各类融资业务所发生的债务提供最高额不超过人民币 50,000 万元 的连带责任保证。同时，大金庄矿业分别于 2023 年 3 月及 2024 年 9 月与浦发银 行杭州求是支行签订担保金额为人民币 22,000 万元的《最高额保证合同》及《最 高额保证合同之变更合同》终止，原保证合同项下公司与浦发银行杭州求是支行 约定的在先债权转入新《最高额保证合同》，即本次大金庄矿业将为公司新增提 供担保金额为人民币 28,000 万元。 截至本公告披露日 ...

金石资源集团股份有限公司 2024年年度股东大会会议资料 金石资源集团股份有限公司 China Kings Resources Group Co., Ltd. 2024 年年度股东大会 会议资料 二〇二五年六月二十五日 金石资源集团股份有限公司 2024年年度股东大会会议资料 目录 | 一、会议须知 3 | | --- | | 二、会议议程 5 | | 三、会议议案 | | 1、公司 2024 年度董事会工作报告 7 | | 2、公司 2024 年度监事会工作报告 18 | | 3、公司 2024 年年度报告及摘要 22 | | 4、公司 2024 年度财务决算报告 23 | | 5、关于公司 2024 年度利润分配预案暨 2025 年中期分红规划的议案 29 | | 6、关于向银行申请综合授信额度的议案 33 | | 7、关于续聘公司 2025 年度审计机构的议案 34 | | 8、关于公司 2024 年度董事及高级管理人员（董事兼任）薪酬及 2025 年度 | | 薪酬方案的议案 35 | | 9、关于公司 2024 年度监事薪酬及 2025 年度薪酬方案的议案 37 | | 10、关于取消监事会、变更注 ...

Investment Rating - The report maintains a positive outlook on the refrigerant industry, indicating a high level of prosperity and suggesting that related companies are likely to see significant improvements in profitability [8][66]. Core Insights - The prices of third-generation refrigerants R32, R125, and R134a have increased as of May 30, 2025, with respective prices of 51,000 CNY/ton, 45,500 CNY/ton, and 48,500 CNY/ton, reflecting increases of 4.08%, 1.11%, and 2.11% compared to the end of April [8][15]. - The production quotas for second-generation refrigerants are set to decrease in 2025, while the total production quota for third-generation refrigerants will remain at baseline levels, leading to a tightening supply-demand relationship for both generations [8][66]. - The domestic production of household air conditioners is expected to maintain a year-on-year growth trend from June to August 2025, with production volumes of 20.5 million units, 17.13 million units, and 12.09 million units, representing year-on-year growth rates of 11.50%, 6.30%, and 2.70% respectively [8][39]. Summary by Sections Refrigerant Tracking - As of May 30, 2025, the total inventory of R32, R134a, and R125 refrigerants was 4,042 tons, 3,380 tons, and 2,623 tons respectively, with slight fluctuations in inventory levels [8][21]. - The production of R22 in May 2025 was 32,082 tons, showing a year-on-year decrease of 15.19% but a month-on-month increase of 9.94% [8][28]. Fluoropolymer - The prices of fluoropolymers have shown fluctuations, with PTFE, PVDF, and HFP prices recorded at 41,000 CNY/ton, 62,000 CNY/ton, and 37,000 CNY/ton respectively as of May 30, 2025 [8][49]. - The production of PTFE, PVDF, and HFP in May 2025 was 12,946 tons, 10,538 tons, and 7,371 tons respectively, with year-on-year increases of 28.13%, 30.42%, and 34.02% [8][56]. Industry News - A new technology for the resource conversion of trifluoromethane has been developed, achieving international leading standards and promising significant reductions in greenhouse gas emissions [8][59]. - Juhua Co., Ltd. has been actively increasing its shareholding, reflecting confidence in future performance and growth [8][60].

Investment Rating - The report maintains a positive outlook on the refrigerant industry, indicating a high level of prosperity and suggesting that related companies are likely to see significant improvements in profitability [8][66]. Core Insights - The prices of third-generation refrigerants R32, R125, and R134a have increased as of May 30, 2025, with respective prices of 51,000 CNY/ton, 45,500 CNY/ton, and 48,500 CNY/ton, reflecting increases of 4.08%, 1.11%, and 2.11% compared to the end of April [8][15]. - The production quotas for second-generation refrigerants are set to decrease in 2025, while the total production quota for third-generation refrigerants will remain at baseline levels, leading to a tightening supply-demand relationship for both generations [8][66]. - The domestic production of household air conditioners is expected to maintain a year-on-year growth trend from June to August 2025, with production volumes of 20.5 million units, 17.13 million units, and 12.09 million units, representing year-on-year growth rates of 11.50%, 6.30%, and 2.70% respectively [8][39]. Summary by Sections Refrigerant Tracking - As of May 30, 2025, the total inventory of R32, R134a, and R125 refrigerants was 4,042 tons, 3,380 tons, and 2,623 tons respectively, showing a mixed change compared to the previous month [8][21]. - The production of R22 in May 2025 was 32,082 tons, a year-on-year decrease of 15.19% but a month-on-month increase of 9.94% [8][28]. Fluoropolymer - The prices of fluoropolymers have shown fluctuations, with PTFE, PVDF, and HFP prices recorded at 41,000 CNY/ton, 62,000 CNY/ton, and 37,000 CNY/ton respectively as of May 30, 2025 [8][49]. - The production of PTFE, PVDF, and HFP in May 2025 was 12,946 tons, 10,538 tons, and 7,371 tons respectively, with year-on-year increases of 28.13%, 30.42%, and 34.02% [8][56]. Industry News - A new technology for the resource conversion of trifluoromethane has been developed, achieving international leading levels and promising significant reductions in greenhouse gas emissions [8][59]. - Juhua Co., Ltd. has been actively increasing its shareholding, reflecting confidence in its future performance [8][60][61]. Investment Recommendations - The report suggests focusing on leading companies in the refrigerant industry and those with well-established supply chains in the fluorochemical sector, such as Juhua Co., Ltd., Sanmei Co., and Jinshi Resources [8][66].

Investment Rating - The investment rating for the chemical raw materials industry is "Positive" (maintained) [1] Core Viewpoints - The refrigerant market is experiencing an upward trend, with continuous validation of industrial logic, suggesting active investment opportunities [4] - The fluorochemical industry chain has entered a long-term prosperity cycle, with significant growth potential across various segments, including refrigerants and high-end fluorinated materials [20] Summary by Sections 1. Fluorochemical Market Overview - The fluorochemical index increased by 4.23% during the week of June 2 to June 6, outperforming the Shanghai Composite Index by 3.10% [5][22] - The average price of 97% wet fluorite was 3,387 CNY/ton, down 3.09% week-on-week, while the average for June was 3,416 CNY/ton, down 9.85% year-on-year [6][29] 2. Refrigerant Market Trends - As of June 6, 2025, the prices for various refrigerants are as follows: R32 at 51,000 CNY/ton, R125 at 45,500 CNY/ton, R134a at 48,500 CNY/ton, R410a at 48,500 CNY/ton, and R22 at 36,000 CNY/ton, with most prices stable compared to the previous week [7][18] - The market is seeing a significant increase in demand for refrigerants post-Duanwu Festival, with prices expected to rise further in June [19] 3. Recommended Stocks - Recommended stocks include Jinshi Resources, Juhua Co., Sanmei Co., and Haohua Technology, with other beneficiaries being Dongyangguang, Yonghe Co., Dongyue Group, and Xinzhoubang [9][20]