国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于密尔克卫智能供应链服务集团股份有限公司 2026 年第一次临时股东会的法律意见书 致：密尔克卫智能供应链服务集团股份有限公司 密尔克卫智能供应链服务集团股份有限公司（以下简称"公司"）2026 年第 一次临时股东会定于 2026 年 2 月 11 日召开，国浩律师（上海）事务所（以下简 称"本所"）接受公司的委托，指派葛嘉琪律师、张美华律师（以下简称"本所 律师"）对本次股东会进行见证，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》（以下简称"《证券法》"）、中国证券监督管 理委员会发布的《上市公司股东会规则》等其他现行有效的法律、法规及规范性 文件规定及《密尔克卫智能供应链服务集团股份有限公司章程》（以下简称"《公 司章程》"）出具本法律意见书。 公司召开 2026 年第一次临时股东会事宜系经公司第四届董事会第十次会议 1 国浩律师（上海）事务所 法律意见书 于 2026 年 1 月 26 日审议通过。公司于 2026 年 1 月 27 日在上海证券交易所网站 （www.sse.com.cn）刊登了《密尔克 ...

| 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2026-009 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 密尔克卫智能供应链服务集团股份有限公司 2026年第一次临时股东会决议公告 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 本次会议由公司董事会召集，采取现场和网络投票相结合的方式召开。会议 由公司董事长陈银河先生主持，本次会议的召集、召开及表决方式均符合《公司 (一) 股东会召开的时间：2026 年 2 月 11 日 (二) 股东会召开的地点：上海市浦东新区金葵路 158 号云璟生态社区 F1 栋 (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： 法》《公司章程》等法律法规的有关规定。 (五) 公司董事和董事会秘书的列席情况 二、 议案审议情况 审议结果：通过 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | -- ...

Group 1 - The core viewpoint of the article highlights that Milkyway is a leading enterprise in the hazardous chemical supply chain in China, having developed a dual-driven model of "comprehensive logistics + chemical distribution" over more than twenty years [1] - As of the first half of 2025, the company has over 10,000 effective clients, and the integrated trade collaboration effect continues to release, supporting steady growth in company performance [1] - The industry is expanding alongside the increase in chemical production, indicating that leading companies may have growth potential [1] Group 2 - The company aims to replicate the growth path of overseas leaders, with mergers and acquisitions and collaboration expected to open up long-term opportunities [1] - As a leader in chemical logistics, the company has a clear business model and is engaged in multiple businesses, continuously enhancing its comprehensive logistics service capabilities [1] - The extension of the service chain is driving a sustained increase in profitability, and the company maintains a "buy" rating [1]

Group 1 - The core point of the news is that Milkwell experienced a decline in stock price by 5.15% on February 2, with a trading volume of 144 million yuan, indicating potential market volatility [1] - On February 2, Milkwell had a financing buy-in amount of 10.03 million yuan and a financing repayment of 11.62 million yuan, resulting in a net financing buy of -1.60 million yuan, with a total financing and securities balance of 133 million yuan [1] - The financing balance of Milkwell is 132 million yuan, accounting for 1.39% of its circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high position [1] Group 2 - Milkwell, established on March 28, 1997, and listed on July 13, 2018, is a professional chemical supply chain service provider based in Shanghai, offering integrated logistics services including freight forwarding, warehousing, and transportation [2] - The main business revenue composition of Milkwell includes 48.08% from MCD distribution, 24.02% from MGF global freight forwarding, 17.40% from MWT integrated warehousing and distribution, and 9.96% from MGM global mobility [2] - As of September 30, 2025, Milkwell achieved an operating income of 10.67 billion yuan, a year-on-year increase of 11.70%, and a net profit attributable to shareholders of 525 million yuan, a year-on-year increase of 7.04% [2] Group 3 - Milkwell has distributed a total of 444 million yuan in dividends since its A-share listing, with 288 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders of Milkwell include Hong Kong Central Clearing Limited as the third-largest shareholder with 11.31 million shares, a decrease of 1.33 million shares from the previous period [3] - New shareholder Qianhai Kaiyuan Public Utilities Stock holds 6.10 million shares, while other notable shareholders have either maintained or slightly adjusted their holdings [3]

（证券代码：603713） 密尔克卫智能供应链服务集团股份有限公司 2026 年第一次临时股东会 会议资料 $$=0=\pm\sqrt{\pm}=\pm\sqrt{}+-\sqrt{}$$ 密尔克卫智能供应链服务集团股份有限公司 2026 年第一次临时股东会 密尔克卫智能供应链服务集团股份有限公司 2026 年第一次临时股东会会议资料 会议须知 二、 会议期间，全体参会人员应以维护股东的合法权益，确保会议的正常秩序和议事效 率为原则，自觉履行法定义务。 三、 股东或股东代理人参加本次会议依法享有发言权、咨询权、表决权等各项权利，应 认真履行其法定权利和义务，不得侵犯其他股东的权益。 四、 要求发言的股东，可在会议审议提案时举手示意，得到主持人许可后进行发言，股 东发言应重点围绕本次会议所审议事项进行，简明扼要，主持人可安排公司董事和其他高 级管理人员回答股东提问。提案开始进行表决后，会议将不再安排股东发言。 五、 股东会的所有议案采用现场投票和网络投票相结合的方式表决，股东只能选择现 场投票和网络投票中的一种表决方式，同一表决权出现重复表决的以第一次投票为准。 六、 现场投票表决采用记名投票方式表决，会议开始 ...

Group 1: Metal Sector - Shandong Gold - Shandong Gold's net profit forecast for 2026 is projected to reach CNY 108.14 billion, with a PE ratio of 25.21[10] - The company has a resource reserve of 2,058 tons and an equity reserve of 787 tons, indicating significant undervaluation potential[14] - The recovery of the Jiaoji Gold Mine is expected to contribute 10 tons of gold annually once fully operational[14] Group 2: Building Materials Sector - Oriental Yuhong - Oriental Yuhong's operating performance is expected to bottom out, with net profits projected at CNY 18 billion in 2025, increasing to CNY 29 billion by 2027[21] - The company plans to increase revenue through retail price hikes of 3-4% and overseas expansion, potentially adding CNY 25 billion in revenue from international operations[21] - The domestic construction materials market is expected to see a 47% decline in sales area compared to 2021, leading to significant supply exit in the sector[18] Group 3: Transportation Sector - ZTO Express - ZTO Express is expected to achieve a net profit of CNY 104.45 billion in 2026, with a PE ratio of 11.80[10] - The company has improved its cash flow, with cash reserves exceeding CNY 300 billion and a debt ratio below 30%[44] - The competitive landscape in the express delivery sector is stabilizing, with a focus on improving profitability and operational efficiency[43]

Market Overview - The logistics sector increased by 0.68% on January 29, with Tian Shun Co. leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Top Gainers in Logistics Sector - Tian Shun Co. (002800) closed at 16.68, up 3.86% with a trading volume of 90,800 shares and a turnover of 150 million yuan [1] - Jianfa Co. (600153) closed at 9.65, up 3.21% with a trading volume of 482,500 shares [1] - Hengji Daxin (002492) closed at 9.13, up 2.82% with a trading volume of 263,100 shares and a turnover of 240 million yuan [1] - Milkway (603713) closed at 63.79, up 2.62% with a trading volume of 36,000 shares and a turnover of 230 million yuan [1] - Jia You International (603871) closed at 13.81, up 2.07% with a trading volume of 99,600 shares [1] Top Losers in Logistics Sector - Changjiang Investment (600119) closed at 7.25, down 9.94% with a trading volume of 37,800 shares and a turnover of 27.42 million yuan [2] - ST Yuanshang (603813) closed at 39.90, down 3.69% with a trading volume of 6,332 shares and a turnover of 25.57 million yuan [2] - Pu Lu Tong (002769) closed at 11.57, down 3.26% with a trading volume of 158,100 shares [2] Capital Flow Analysis - The logistics sector experienced a net outflow of 27.94 million yuan from institutional investors and a net outflow of 199 million yuan from retail investors, while retail investors saw a net inflow of 227 million yuan [2] - Notable net inflows from retail investors were observed in several companies, including SF Holding (002352) with a net inflow of 16.21 million yuan [3] - China Foreign Transport (601598) had a significant net inflow of 39.42 million yuan from institutional investors, representing 20.76% of its trading volume [3]

证券之星消息，1月28日物流板块较上一交易日下跌0.51%，密尔克卫领跌。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。物流板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 920351 | 华米源海 | 22.93 | 1.87% | 1.66万 | | 3797.86万 | | 603871 | 嘉友国际 | 13.53 | 1.58% | 11.60万 | | 1.56亿 | | 600787 | 中储股份 | 5.92 | 1.54% | 48.94万 | | 2.89 乙 | | 601156 | 东航物流 | 19.01 | 1.12% | 10.11万 ﺎ | | 1.92亿 | | 600704 | 物产中大 | 5.97 | 0.84% | 79.04万 | | 4.71亿 | | 002889 | 东方嘉盛 | 15.23 | 0.73% | 3.33万 | | 5044.51万 | | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603713 证券简称：密尔克卫 公告编号：2026-008 转债代码：113658 转债简称：密卫转债 密尔克卫智能供应链服务集团股份有限公司 关于召开2026年第一次临时股东会的通知 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： ● 股东会召开日期：2026年2月11日 ● 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、召开会议的基本情况 (一)股东会类型和届次 2026年第一次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2026年2月11日 14点00分 召开地点：上海市浦东新区金葵路158号云璟生态社区F1栋 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026年2月11日 至2026年2月11日 采用上海证券交易所网络投票系统， ...

| 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2026-007 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 密尔克卫智能供应链服务集团股份有限公司 关于终止实施2024年股票期权与限制性股票激励计 划暨注销股票期权的公告 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。 密尔克卫智能供应链服务集团股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日召开第四届董事会第十次会议，审议通过了《关于终止实施 2024 年股票期权与限制性股票激励计划暨注销股票期权的议案》等议案，根据《上市 公司股权激励管理办法》（以下简称"《管理办法》"）、《公司 2024 年股票期权与 限制性股票激励计划（草案二次修订稿）》（以下简称"《2024 年激励计划》"或 "本激励计划"）的有关规定，结合公司实际情况，公司拟终止实施本激励计划 并注销已授予但尚未行权的股票期权，与本激励计划配套的《公司 2024 年股票 期权与限制性股票激励计划实施考核管理办法（修订稿 ...