江苏龙蟠科技集团股份有限公司 2025 年第五次临时股东会 会议资料 二〇二五年九月 1 目 录 2 一、2025 年第五次临时股东会会议须知 二、2025 年第五次临时股东会会议议程 三、2025 年第五次临时股东会会议议案 1、《关于公司符合向特定对象发行 A 股股票条件的议案》 2、逐项审议《关于公司 2025 年度向特定对象发行 A 股股票方案的议案》 2.01 发行股票的种类和面值 2.02 发行方式与发行时间 2.03 发行对象及认购方式 2.04 定价基准日、定价原则及发行价格 2.05 发行数量 2.06 限售期安排 2.07 募集资金金额及用途 2.08 上市地点 2.09 滚存未分配利润安排 2.10 本次发行决议有效期 3、《关于<公司 2025 年度向特定对象发行 A 股股票预案>的议案》 4、《关于<公司 2025 年度向特定对象发行 A 股股票募集资金使用可行性分析报 告>的议案》 5、《关于<公司 2025 年度向特定对象发行 A 股股票方案论证分析报告>的议案》 6、《关于<公司前次募集资金使用情况的专项报告>的议案》 7、《关于公司 2025 年度向特定对象发行 A 股股票摊 ...

此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或應採取之行動有疑問，應諮詢 閣下之股票經紀或其他註冊證券 交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓 閣下所持江蘇龍蟠科技集團股份有限公司（「本公司」）全部股份，應立 即將本通函轉交買主或承讓人或經手買賣或轉讓之銀行、股票經紀或其他代理商，以便轉交 買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就因本通函全部或任何部分內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 Jiangsu Lopal Tech. Group Co., Ltd. 江蘇龍蟠科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2465） (1)向特定對象發行A股股票 及相關事宜； 及 (2)2025年第五次臨時股東會通告 董事會函件載於本通函第4至21頁。 本公司謹訂於2025年9月17日（星期三）下午二時正假座中國江蘇省南京市南京經濟技術開發 區恆通大道6號二樓大會議室召開臨時股東會（「臨時股東會」），大會通告載於本通函第 ...

Group 1 - The event titled "'Xiang' Gathering on Lithium and 'Carbon' Starting a New Journey" was successfully held in Changsha, attracting nearly a hundred participants from the lithium battery industry chain, trading companies, and financial institutions to discuss lithium resource supply and demand, lithium carbonate price trends, and the application of futures tools in risk management [1] - Hunan Province aims to cultivate the new energy industry as a strategic emerging industry, targeting an annual output value exceeding 1 trillion yuan, with total revenue from the new energy industry projected to surpass 680 billion yuan in 2024 [1] - Hunan's production of new energy vehicles ranks fifth in the country, becoming a major raw material supplier for several leading battery manufacturing companies [1] Group 2 - The Hunan Futures Industry Association is actively guiding member units to leverage their professional advantages, conducting training and exchange activities to promote futures knowledge among enterprises [2] - CITIC Jiantou Futures has established the "Weekly Lithium Discussion" event, successfully conducting over 40 online service activities and 9 large-scale offline events, building strong relationships with industry experts and institutions [2] - The annual supply-demand relationship in the lithium carbonate market has shown significant improvement, with a reduced extent of oversupply, indicating that while prices may not rise, the downside potential for prices is also limited [2] Group 3 - Companies are advised to establish futures teams aligned with their strategic positioning, incorporating decision-making and risk control systems, and to develop a team of professionals skilled in both spot trading and futures analysis [3] - The business model for futures should be gradually advanced based on the maturity of the futures and spot teams within the company [3]

Group 1 - The company will hold its fifth extraordinary general meeting of shareholders on September 17, 2025, at 14:00 in Nanjing [1][2] - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's shareholder meeting online voting system [1][2] - The online voting period is set for September 17, 2025, with specific time slots for trading system and internet platform voting [1][2] Group 2 - The agenda includes several non-cumulative voting proposals related to the issuance of A-shares to specific targets, including feasibility analysis and authorization for the board to handle specific matters [2][9] - There are no related shareholders required to abstain from voting on the proposals [2] - Shareholders must complete voting on all proposals before submission [4]

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-119 江苏龙蟠科技集团股份有限公司 关于召开2025年第五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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第五次临时股东会 召开的日期时间：2025 年 9 月 17 日 14 点 00 分 召开地点：南京经济技术开发区恒通大道 6 号江苏龙蟠科技股份有限公司二 楼大会议室 (五) 网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年9月17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 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七) 涉及公开征集股东投票权 无 二、 会议审议事项 本次股东会审议议案及投票股东类型 (二) 股东会召集人：董事会 (三 ...

Group 1 - Longpan Technology (SH 603906) announced on August 29 that after the extension of share pledge repurchase, the controlling shareholder and actual controller, Mr. Shi Junfeng, has pledged a total of 30 million shares, accounting for 14.11% of his total shareholding and 4.38% of the company's total share capital [1] - For the fiscal year 2024, Longpan Technology's revenue composition is as follows: lithium iron phosphate cathode materials account for 75.13%, automotive environmental fine chemicals account for 24.17%, and other businesses account for 0.7% [1]

Core Viewpoint - Longpan Technology (SH603906) reported a narrowed net loss in the first half of 2025 compared to the previous year, indicating potential recovery in financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 3.622 billion, a year-on-year increase of 1.49% [2] - The total profit was -983.15 million, showing a significant improvement from -1.984 billion in the same period last year [2] - The net profit attributable to shareholders was -851.53 million, a 61.45% improvement year-on-year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -1.317 billion, reflecting a 55.75% improvement [2] - Basic earnings per share were -0.13 yuan [2] Profitability Metrics - The gross profit margin for the first half of 2025 was 13.84%, an increase of 3.68 percentage points year-on-year [3] - The net profit margin was -3.04%, an increase of 4.35 percentage points compared to the previous year [3] Expense Management - Total operating expenses for the first half of 2025 were 566 million, a decrease of 18.06 million from the previous year [3] - The expense ratio was 15.62%, down 0.74 percentage points year-on-year [3] - Sales expenses decreased by 13.71%, while management expenses increased by 0.84% [3] - Research and development expenses decreased by 6.63%, and financial expenses increased by 4.21% [3] Shareholder Information - The chairman of Longpan Technology, Shi Junfeng, received a salary of 968,100 yuan in 2024, a 22.96% increase from 787,300 yuan the previous year [5] Company Overview - Longpan Technology primarily engages in the sales of automotive fine chemicals and lithium iron phosphate cathode materials [7] - The company operates through three divisions, focusing on a diverse range of automotive fine chemical products [7]

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-118 江苏龙蟠科技集团股份有限公司 关于控股股东部分股份质押延期购回的公告 2、本次质押延期购回不存在被用作重大资产重组业绩补偿等事项的担保或 其他保障用途。 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： ●江苏龙蟠科技集团股份有限公司（以下简称"公司"）控股股东、实际控 制人石俊峰先生持有公司股份总数为 212,662,195 股，占公司当前总股本的比例 为 31.04%。本次股份质押延期购回后，石俊峰先生累计质押的股份数为 30,000,000 股，占其所持有公司股份总数的 14.11%，占公司总股本的 4.38%。 ●公司控股股东和实际控制人石俊峰先生及其一致行动人朱香兰女士、南京 贝利创业投资中心（有限合伙）（以下简称"南京贝利"）合计持有公司股份总数 为 238,182,052 股，占公司当前总股本的比例为 34.77%。本次股份质押延期购回 后，合计处于质押状态的股份数为 30,000,000 股，占其持有公司股份总数的 12.60 ...

Core Viewpoint - The lithium iron phosphate (LFP) industry is facing severe overcapacity and price declines, despite strong demand for LFP batteries, leading to significant losses for many companies in the sector [1][2][6]. Industry Overview - The first meeting of the Lithium Iron Phosphate Materials Subcommittee of the China Chemical and Physical Power Industry Association was held in Shenzhen, focusing on industry overcapacity and the elimination of outdated production capacity [1][2]. - Nine major LFP companies attended the meeting, indicating a high-level discussion on the industry's current challenges and future arrangements [1][3]. Market Dynamics - The price of LFP has plummeted from 166,000 yuan per ton at the beginning of 2023 to 36,000 yuan per ton in 2024, causing significant financial strain on leading companies [6][11]. - Despite the overall market growth, the LFP sector has become the most loss-ridden part of the battery supply chain, with only Hunan Youneng managing to maintain profitability [6][7]. Production Capacity - The LFP production capacity has expanded dramatically, from 2.12 million tons at the end of 2022 to 4.27 million tons by the end of 2023, with nominal capacity exceeding 5 million tons, which is double the previous year's shipment volume [5][6]. - The average operating rate in the industry was as low as 50.41% in June of the previous year, with only Hunan Youneng maintaining a utilization rate of 93.15% [6][11]. Financial Performance - Hunan Youneng reported a revenue of 14.358 billion yuan in the first half of 2025, a 33.17% increase, driven by a 55.38% rise in sales volume of phosphate-based cathode materials [10]. - Other companies like Dongsheng Technology and Anda Technology also reported revenue growth, although they still faced challenges with profitability [10][11]. - Anda Technology recorded a loss of 168 million yuan, but this was a 52.83% reduction compared to the previous year, indicating some improvement in financial health [11]. Future Outlook - The industry is expected to undergo a transformation towards high-end products, with increasing demand for high-density LFP materials, which could improve profitability for leading companies [8][9]. - The overall market dynamics suggest that while the LFP sector is currently struggling, there is potential for recovery as the industry addresses overcapacity and shifts towards higher-quality products [8][10].

Core Viewpoint - Longpan Technology announced a plan to raise 2 billion yuan through a private placement to fund high-performance phosphate cathode material projects and supplement working capital, despite facing rapid increases in debt levels compared to peers [1][2][8]. Financing Activities - Longpan Technology has raised over 3 billion yuan through various financing methods since its A-share listing in 2017, including convertible bonds, private placements, and Hong Kong IPOs [7]. - The company plans to raise 2.06 million shares, totaling 2 billion yuan, for projects involving 11,000 tons and 8,500 tons of high-performance phosphate cathode materials [2][8]. - Previous financing activities include 400 million yuan from convertible bonds in April 2020 and 2.2 billion yuan from a private placement in June 2022 [3][4]. Debt Levels - Longpan Technology's debt ratio has increased significantly, reaching 78.41% by June 2025, with interest-bearing liabilities totaling 11.6 billion yuan, a 50-fold increase from 245 million yuan at the end of 2017 [10]. - The company's debt growth rate is notably faster than that of comparable companies such as Hunan Youneng and Defang Nano [8]. Capital Expenditure and Utilization - The company has consistently engaged in large capital expenditures, yet its overall capacity utilization remains below 80%, with additional capacity under construction [14]. - Longpan Technology's research and development expenditure has been increasing, significantly outpacing that of comparable companies, but this has not translated into improved profitability [12][15]. Market Performance - Despite the ongoing financing and investment efforts, Longpan Technology's stock price has halved compared to the price during its previous private placement in 2021, raising concerns about the effectiveness of its financing and investment strategies [15].