Core Viewpoint - The legal opinion letter confirms the legality and validity of the procedures and results of the 2025 first extraordinary general meeting of shareholders of Guangdong Tianan New Materials Co., Ltd. [1][6] Group 1: Meeting Procedures - The meeting was convened by the company's board of directors and announced on August 15, 2025, in accordance with legal requirements, with a notice published at least 15 days prior to the meeting [2][3]. - The meeting utilized a combination of on-site and online voting, with the on-site meeting held on September 1, 2025, at a specified location [3]. Group 2: Attendance and Voting - A total of 7 shareholders and their proxies attended the on-site meeting, representing 125,351,782 shares, which is 41.1181% of the total shares [4]. - Online voting included 188 shareholders, representing 20,330,002 shares [4]. Group 3: Voting Results - The resolutions were passed with significant majority votes, with the first resolution receiving 145,501,304 votes in favor, accounting for 99.8761% of the valid votes [5]. - Subsequent resolutions also received high approval rates, with votes in favor ranging from 99.8716% to 99.8780% [5][6].

Meeting Overview - The first extraordinary general meeting of shareholders for the year 2025 was held on September 1, 2025, at the Eagle Brand Ceramics Group meeting room in Foshan City [1] - The meeting was convened by the company's board of directors and chaired by Chairman Wu Qichao, complying with the Company Law and the company's articles of association [1] Attendance and Voting - A total of 48.3659% of the shares were represented at the meeting [1] - All resolutions presented at the meeting were approved with significant majority votes, with A-shareholders voting as follows: - 145,501,304 votes in favor (99.8761%), 53,980 against (0.0370%), and 126,500 abstentions (0.0869%) for the first resolution [1] - 145,504,104 votes in favor (99.8780%), 47,980 against (0.0329%), and 129,700 abstentions (0.0891%) for the second resolution [1] - 145,494,804 votes in favor (99.8716%), 57,980 against (0.0397%), and 129,000 abstentions (0.0887%) for the third resolution [1] - 145,498,604 votes in favor (99.8742%), 60,680 against (0.0416%), and 122,500 abstentions (0.0842%) for the fourth resolution [1] Legal Compliance - The meeting's procedures, including the convening, attendance, and voting, were confirmed to be in accordance with the Company Law and relevant regulations, ensuring the legality and effectiveness of the resolutions passed [2][3]

证券代码：603725 证券简称：天安新材 公告编号：2025-042 广东天安新材料股份有限公司 2025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 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 1 日 (二)股东会召开的地点：佛山市禅城区张槎聚锦路鹰创园鹰牌陶瓷集团会议室 (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 | 195 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 145,681,784 | | 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（%） | 48.3659 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本公司 2025 年第一次临时股东会由公司董事会召集，公司董事长吴启超先 生主持。会议的召集、召开，符合《公司法》和《公司章程》的规定。 ...

上海市锦天城律师事务所 关于广东天安新材料股份有限公司 2025 年第一次临时股东会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于广东天安新材料股份有限公司 2025 年第一次临时股东会的法律意见书 致：广东天安新材料股份有限公司 在本法律意见书中，本所律师仅对本次股东会的召集和召开程序、召集人资 格、出席会议人员资格、会议表决程序及表决结果是否符合《公司法》等法律、 法规和规范性文件以及《公司章程》的有关规定发表意见，不对会议审议的议案 内容以及该等议案所表述的事实或数据的真实性及准确性发表意见。 上海市锦天城律师事务所（以下简称本所）接受广东天安新材料股份有限公 司（以下简称公司）委托，就公司召开 2025 年第一次临时股东会（以下简称本 次股东会）有关事宜，根据《中华人民共和国公司法》（以下简称《公司法》） 等法律、法规和规范性文件以及《广东天安新材料股份有限公司章程》（以下简 称《公司章程》）的有关规定，出具本法 ...

Group 1 - The core viewpoint of the articles highlights significant advancements in the robotics industry, particularly in specialized robots for agriculture and elder care, indicating a growing market potential driven by technological innovation and demographic needs [2][3][5][8][11][14]. Group 2 - Fujia Co., in collaboration with Chiphe Robot, launched an intelligent grain storage robot, addressing efficiency and safety challenges in grain storage with a fully automated process and a two-hour operational endurance [2]. - The "2025 Silver Technology Partner Program" in Shanghai aims to support the development of elder care technology, with 15 projects selected, including the "Qijia Q1" robot, which is expected to partially replace caregivers [5][3]. - The world's first intelligent breeding robot, "Jier," developed by the Chinese Academy of Sciences, has been recognized in the journal "Cell" for its ability to automate hybrid pollination, significantly improving breeding efficiency [8]. - Tianan New Materials completed a strategic investment in Ruobo Robot, a company specializing in servo drives and intelligent robotics, to enhance research and development and market competitiveness [11]. - The first modular industrial quadruped robot, Apollo, was introduced, featuring modular design for flexibility and cost-effective upgrades, aimed at transforming industrial robotics towards customization [14].

Group 1 - The home goods sector increased by 0.07% on August 28, with Longzhu Technology leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Longzhu Technology's stock price rose by 11.56% to 14.57, with a trading volume of 127,500 shares and a transaction value of 178 million yuan [1] Group 2 - The home goods sector saw a net outflow of 79.73 million yuan from main funds, while retail investors contributed a net inflow of 147 million yuan [2] - The stock prices of several companies in the home goods sector experienced declines, with Yuma Technology falling by 6.36% to 16.48 and Tianan New Materials down by 4.90% to 10.49 [2] - The trading volume and transaction values for various companies in the sector varied, with notable declines in stocks like ST Yazhen and Zhang Xiaoqin [2]

Core Insights - Tianan New Materials has successfully acquired an 18% stake in Guangdong Ruobo Intelligent Robotics Co., marking a significant step in the company's strategic expansion into the smart manufacturing sector [1] Group 1: Company Overview - Ruobo Robotics, established in 2016, focuses on the research and development of core technologies in robotics, specifically servo drive and control system algorithms [1] - The company has developed a technology matrix that encompasses artificial intelligence, robotics, and industrial internet, providing intelligent solutions for sectors such as aerospace, agriculture, and healthcare [1] Group 2: Strategic Implications - The partnership between Tianan New Materials and Ruobo Robotics is expected to facilitate resource sharing and complementary advantages, accelerating technological development and market expansion for Ruobo Robotics [1] - Tianan New Materials aims to leverage Ruobo Robotics' expertise in intelligent control to validate the industrialization path of its electronic skin technology [1] Group 3: Technological Synergy - The technologies and products of Ruobo Robotics are highly synergistic with the electronic skin technology currently under development by Tianan New Materials, enhancing practical validation and product implementation in the electronic skin domain [1]

Core Viewpoint - Tianan New Materials (天安新材) has made a strategic investment in Guangdong Ruobo Intelligent Robotics Co., Ltd. by acquiring an 18% stake, marking a significant step in its layout in the smart manufacturing sector [1][2]. Group 1: Company Overview - Ruobo Robotics, established in 2016, focuses on the research and development of core technologies in robotics, particularly servo drive and control system algorithms [1]. - The company has developed an industrial operating system, high-precision servo and control systems, and a low-code AI algorithm technology platform, creating a technology matrix that spans artificial intelligence, robotics, and industrial internet [1]. Group 2: Technological Achievements - Ruobo's high-precision drive and control system algorithms are recognized as one of the 35 major "bottleneck technologies" by the Ministry of Science and Technology, achieving international leading standards [1]. - The company is a pioneer in industrial AI technology in China, with its low-code AI technology platform widely applied in challenging fields such as aerospace and agriculture [1][2]. Group 3: Strategic Implications - The partnership between Tianan New Materials and Ruobo Robotics is expected to accelerate technology research and market expansion, leveraging shared resources and complementary advantages [2]. - Tianan New Materials, as a leader in the new materials sector, will provide Ruobo with additional resources and support, enhancing its technology development and market channel expansion [2][3]. - The collaboration aims to explore new boundaries in AI robotics through the integration of "hardcore algorithms" and "technology materials," particularly in the area of electronic skin technology [3].

Group 1 - Tianan New Materials experienced a decline of 5.08% on August 28, with a stock price of 10.47 CNY per share, a trading volume of 1.11 billion CNY, a turnover rate of 3.56%, and a total market capitalization of 3.192 billion CNY [1] - The company, Guangdong Tianan New Materials Co., Ltd., was established on May 15, 2000, and went public on September 6, 2017. Its main business involves the research, design, production, and sales of polymer composite decorative materials and building ceramics [1] Group 2 - Among the top ten circulating shareholders of Tianan New Materials, a fund under Huaxia Fund holds a significant position. The Huaxia Xingyang One-Year Holding Mixed Fund (009010) reduced its holdings by 450,400 shares in the second quarter, now holding 2.4393 million shares, which accounts for 0.85% of the circulating shares. The estimated floating loss today is approximately 1.366 million CNY [2] - The Huaxia Xingyang One-Year Holding Mixed Fund was established on March 18, 2020, with a current scale of 1.211 billion CNY. Year-to-date returns are 3.44%, ranking 6962 out of 8190 in its category; the one-year return is 21.83%, ranking 5339 out of 7966; and since inception, it has a loss of 16.95% [2]

Investment Rating - The investment rating for Tianan New Materials (603725) is "Buy" (maintained) [1] Core Views - The company announced its 2025 mid-year report, which met expectations, with H1 2025 revenue of 1.444 billion yuan, a year-on-year increase of 4.0%, and a net profit attributable to shareholders of 62 million yuan, up 16.6% year-on-year [6] - The market share in the building ceramics sector continues to rise, with a revenue of 590 million yuan in H1 2025, despite a 6% year-on-year decline, while sales volume increased by 6% [6] - The high polymer business is steadily expanding, with automotive interior revenue reaching 310 million yuan in H1 2025, a 36.0% year-on-year increase [6] - The company is actively developing its home furnishing business through acquisitions, enhancing its industry ecosystem [6] - The management's strategic capabilities and resource coordination are seen as core competitive advantages, with a focus on optimizing the supply chain and gradually expanding new business models [6] - The company maintains a positive outlook for net profit growth from 2025 to 2027, with projected profits of 122 million yuan, 158 million yuan, and 199 million yuan, respectively, corresponding to PE ratios of 28X, 21X, and 17X [6] Financial Data and Profit Forecast - Total revenue forecast for 2025 is 3.309 billion yuan, with a year-on-year growth rate of 6.7% [5] - The projected net profit for 2025 is 122 million yuan, reflecting a year-on-year growth of 21.0% [5] - The gross profit margin is expected to be 22.6% in 2025, with a return on equity (ROE) of 14.4% [5]