北京观韬律师事务所 关于航天长征化学工程股份有限公司 2025年第一次临时股东大会的 法律意见书 观意字2025BJ002705号 致：航天长征化学工程股份有限公司 北京观韬律师事务所（以下简称"本所"）受航天长征化学工程股份有限公 司（以下简称"公司"）之委托，指派律师出席公司2025年第一次临时股东大会 （以下简称"本次股东大会"），并依据《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》等相关法律、行政法规、《上市公司股东 会规则》（以下简称"《规则》"）以及公司现行有效的《公司章程》的有关规定， 出具本法律意见书。 本法律意见书仅供公司为本次股东大会之目的而使用，不得用作任何其他目 的。 本所律师同意将本法律意见书作为公司本次股东大会公告材料，随其他需公 告的信息一起向公众披露。本所律师保证本法律意见书中不存在虚假记载、严重 误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师根据《规则》第六条的要求，按照律师行业公认的业务标准、道德 规范和勤勉尽责精神，对公司提供的文件和有关事实进行了核查和验证，现出具 法律意见如下： 北京观韬律师事务所 法律意见书 一、关于本次 ...

Core Viewpoint - The company announced the resignation of non-independent director Zhu Yuying due to adjustments in the corporate governance structure, effective immediately upon delivery of the resignation report [1] Group 1 - Zhu Yuying will continue to hold other positions within the company despite resigning from the non-independent director role [1] - The company held a staff representative meeting on November 5, 2025, to elect Zhang Jiaqing as the employee representative director for the fifth board, with a term aligned with the fifth board's duration [1]

Core Viewpoint - Aerospace Engineering's stock price has shown a year-to-date increase of 24.70%, but has recently experienced a decline in the last five and twenty trading days, indicating potential volatility in the stock performance [2]. Company Overview - Aerospace Engineering, established on June 22, 2007, and listed on January 28, 2015, is based in Beijing and specializes in coal gasification technology and related services [2]. - The company's main revenue sources are: Industrial gas operations (49.87%), Clean and efficient coal utilization (46.17%), High-end equipment manufacturing (3.91%), and Others (0.06%) [2]. - The company operates within the specialized equipment sector of the machinery industry and is involved in energy and heavy equipment [2]. Financial Performance - For the period from January to September 2025, Aerospace Engineering reported a revenue of 2.987 billion yuan, reflecting a year-on-year growth of 79.16%, while the net profit attributable to shareholders was 134 million yuan, up 5.42% [2]. - Cumulative cash dividends since the company's A-share listing amount to 567 million yuan, with 196 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 23,200, with an average of 23,135 circulating shares per person, a decrease of 1.36% from the previous period [2]. - Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 5.1767 million shares, an increase of 559,400 shares compared to the previous period [3].

Core Viewpoint - The Shenzhou-20 manned spacecraft has reportedly been impacted by micro debris in space, leading to a delay in its scheduled return mission originally set for November 5 [1] Group 1 - The China Manned Space Engineering Office is conducting impact analysis and risk assessment following the suspected collision [1] - The decision to postpone the return mission is made to ensure the safety and health of the astronauts and the success of the mission [1]

Core Viewpoint - The China Manned Space Engineering Office has announced the basic situation of manned spaceflight missions for the year 2026, detailing various upcoming missions and their objectives [1]. Group 1: Tianzhou-10 Mission - Launch Location: Wenchang Space Launch Site [2] - Docking Method: Tianzhou-10 cargo spacecraft (code TZ-10) will dock at the rear port of the core module after launch [2]. - Main Tasks: The mission aims to transport supplies for astronauts, maintenance parts, propellants, various payloads, and samples for application tasks, as well as to dispose of space debris [2]. Group 2: Shenzhou-22 and Shenzhou-23 Manned Missions - Launch Location: Jiuquan Space Launch Site [3]. - Crew Composition: Each mission will consist of a crew of three astronauts [3]. - Docking Method: Shenzhou-22 (code SZ-22) will dock at the radial port of the core module, while Shenzhou-23 (code SZ-23) will dock at the forward port [3]. - Main Tasks: Shenzhou-22 will conduct a long-term stay experiment for over one year, perform extravehicular activities, continue space science experiments, and manage space station operations and astronaut support [3]. Group 3: Mengzhou-1 Mission - Launch Location: Wenchang Space Launch Site [4]. - Docking Method: Mengzhou-1 (code MZ-1, unmanned) will dock at the radial port of the core module after launch [4]. - Main Tasks: This mission will utilize the Long March 10A rocket (code CZ-10A) for the first flight of the Mengzhou manned spacecraft, which is a next-generation spacecraft based on the Shenzhou design. The mission will validate the overall system status and test various equipment and modules [4].

Core Points - The Shenzhou 21 manned spacecraft successfully launched on October 31, marking the 6th manned flight in China's space station application and development phase and the 37th launch since the program's inception [4] - The mission involved a successful docking with the Tianhe core module of the Chinese space station, achieving the fastest docking record for Shenzhou spacecraft [4] - The Shenzhou 21 crew includes three astronauts, with Zhang Lu as the commander, and will conduct various scientific experiments during their stay in the space station [4][5] Group 1 - The Shenzhou 21 mission is part of China's ongoing efforts in manned spaceflight, with a total of 28 astronauts and 44 missions to date [4] - The spacecraft's launch was executed by the Long March 2F rocket, marking the 604th flight of the Long March series [4] - The crew will engage in experiments related to space life sciences, microgravity physics, and new space technologies, including multiple extravehicular activities [4] Group 2 - This mission will also see the first implementation of a space science experiment involving four mice, marking a new phase in China's space station life science experiments [5] - The experiment aims to study the effects of microgravity and confined conditions on the behavior of the mice, contributing to understanding biological responses in space [5]

Core Insights - The company reported significant revenue growth in Q3 2025, with a year-on-year increase of 77.42% to reach 1 billion yuan, although there was a quarter-on-quarter decline of 12.33% [1][2] - The company has successfully undertaken multiple projects, enhancing its capabilities in design, procurement, and construction management within the coal gasification sector [2][4] - The coal chemical industry is experiencing strong policy support, particularly in Xinjiang, with over 800 billion yuan in projected investments for coal chemical projects [3] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 2.987 billion yuan, a year-on-year increase of 79.16% [1] - The net profit attributable to shareholders for the same period was 134 million yuan, up 5.42% year-on-year, while the net profit excluding non-recurring items was 132 million yuan, an increase of 5.59% [1] - In Q3 2025, the net profit attributable to shareholders was 38 million yuan, reflecting a year-on-year increase of 2.27% but a significant quarter-on-quarter decline of 40.29% [1] Project Developments - The company has signed 36 new design and consulting contracts in 2024, with significant achievements in project performance and operational stability [2] - The company has set records in the coal gasification sector, including the fastest delivery of gasifiers and long-term stable operation of equipment [2][4] - The company has signed contracts for 71 coal chemical projects and sold 167 gasifiers, maintaining a market share of over 50% in certain segments [4] Industry Trends - The coal gasification technology is advancing towards larger-scale production and cleaner processes, supported by national and local policies [3] - The coal chemical industry in regions like Xinjiang, Shaanxi, and Inner Mongolia is expected to see new project developments, driven by resource and policy advantages [3] - The company’s gasification technology, particularly the "Aerospace Furnace," is recognized for its high efficiency and low energy consumption, solidifying its market position [4]

Core Points - The successful launch of the Shenzhou 21 manned spacecraft by the Long March 2F rocket marks the completion of China's manned spaceflight missions for 2025 [1] - The Long March 2F rocket, known as the "Shen Jian," has a 100% success rate since its first flight in 1999 [1] - The Long March 2F Yao 21 rocket underwent nearly 20 technical improvements compared to its predecessor, enhancing reliability and safety [1] Technical Improvements - The control system of the Long March 2F rocket now utilizes a productized dual-axis optical inertial navigation system, improving precision for rapid docking within 3.5 hours [1] - The model team optimized the fairing separation method to further ensure astronaut safety [1] - Continuous efforts are being made to promote the autonomy of key components and materials, as well as the application of digital technologies in quality control and operational efficiency [1] Launch Statistics - This launch represents the 604th flight of the Long March series of rockets [2]

Core Viewpoint - Aerospace Engineering (603698) stated on October 31 that shareholders will choose appropriate reduction arrangements based on their own operational plans and funding needs, while the company will fulfill its information disclosure obligations in accordance with relevant laws and regulations [1] Group 1 - The company confirmed that shareholders are making decisions regarding share reduction in compliance with regulations [1] - The company emphasized its commitment to adhere to legal and regulatory requirements for information disclosure [1]

Core Points - The Shenzhou-21 manned flight mission press conference was held at the Jiuquan Satellite Launch Center on October 30, 2023, announcing the collaboration between China and Pakistan in astronaut selection [1] - The selection process for Pakistani astronauts consists of three stages: preliminary selection in Pakistan, followed by re-selection and final selection in China [1] - Currently, the preliminary selection is underway in Pakistan, while preparations for the re-selection phase, including training programs and living arrangements, are being conducted in China [1] - After the final selection, two Pakistani astronauts will train alongside Chinese astronauts, with plans for one Pakistani astronaut to participate in a short-term flight mission as a payload specialist [1] - The mission aims to promote international cooperation in space exploration and enhance the development of space technology for the benefit of humanity [1]