为出具本法律意见，本所律师审查了《唐山三孚硅业股份有限公司第五届董 事会第十六次会议决议公告》《唐山三孚硅业股份有限公司第五届监事会第十二次 会议决议公告》《唐山三孚硅业股份有限公司关于召开 2025 年第一次临时股东大 会的通知》（以下简称"《召开股东大会通知》"）以及本所律师认为必要的其他 文件和资料，同时现场审查了出席现场会议股东的身份和资格、见证了本次股东大 会的召开、参与了本次股东大会议案表决票的现场监票计票工作。 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（试行）》等规定及本法律意见出具日以前已经发生 或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充 1 北京市天元律师事务所 关于唐山三孚硅业股份有限公司 2025 年第一次临时股东大会的法律意见 京天股字（2025）第 686 号 致：唐山三孚硅业股份有限公司 唐山三孚硅业股份有限公司（以下简称"公司"）2025 年第一次临时股东大 会（以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会 议于 2025 年 11 月 10 日在唐山市南堡开发区 ...

Market Overview - The chemical raw materials sector increased by 1.74% on November 10, with Liuhua Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Performers - Liuhua Co., Ltd. (600423) closed at 4.35, up 10.13% with a trading volume of 859,300 shares and a transaction value of 367 million [1] - Sanqi Co., Ltd. (603938) closed at 21.63, up 10.02% with a trading volume of 333,900 shares and a transaction value of 705 million [1] - Anada (002136) closed at 15.63, up 9.99% with a trading volume of 493,000 shares and a transaction value of 748 million [1] - Luhsi Chemical (000830) closed at 15.53, up 9.99% with a trading volume of 1,781,600 shares and a transaction value of 1.212 billion [1] Decliners - Zhenhua Co., Ltd. (603067) closed at 31.80, down 4.22% with a trading volume of 1,251,500 shares and a transaction value of 4.092 billion [2] - Aok Co., Ltd. (300082) closed at 9.53, down 2.95% with a trading volume of 435,500 shares [2] - ST Asia Pacific (000691) closed at 10.73, down 2.63% with a trading volume of 125,400 shares and a transaction value of 13.7 million [2] Fund Flow Analysis - The chemical raw materials sector experienced a net outflow of 182 million from institutional funds, while retail investors saw a net inflow of 771 million [2][3] - Major stocks like Luhsi Chemical and Anada had varying net inflows and outflows from different investor categories, indicating mixed investor sentiment [3]

本报记者张晓玉陈红 11月10日，巴菲特青睐的化工行业迎来强势表现。截至11月10日上午收盘，根据东方财富（300059）数据，A股基础化工(申万)板块指数上涨1.68%，收于 4354.55点，当日成交额达1121.49亿元，今年以来累计涨幅32.74%。 东方证券分析认为，巴菲特选择投资OxyChem，核心是看中氯碱化工（600618）行业的长期价值——当前中美市场需求端已出现边际改善迹象，国内相 关产能扩张基本进入收尾阶段，而化工大宗品生产本身具备较高的技术壁垒与能源壁垒，新兴国家短期内难以自主建设同类大型项目，这使得PVC等高耗 能产品有望接力MDI实现景气度修复。 中信证券研报指出，当前化工板块交易围绕三大主线展开：一是储能需求带动产业链景气度提升，上游锂电等材料供需格局有望重塑；二是化工"反内 卷"持续加码，多行业发起行业自律，推动化工品价格从底部回暖；三是部分化工品行业自身保持高景气，主营业务有望维持高增长。 板块内275只个股上涨，122只下跌，6只平盘。其中，柳化股份（600423）、三孚股份（603938）、佛塑科技（000973）、新乡化纤（000949）、安纳达 （002136）、鲁西 ...

Core Viewpoint - The A-share market for storage chip stocks is experiencing a strong upward trend, driven by significant price increases in NAND flash memory contracts announced by SanDisk, which has led to a ripple effect throughout the supply chain [1] Group 1: Market Performance - Storage chip stocks such as Yintan Zhikong, Jingyi Equipment, and Beijing Junzheng have seen substantial gains, with Yintan Zhikong hitting a 20% limit up, Jingyi Equipment rising over 13%, and Beijing Junzheng increasing by over 10% [1] - Other notable performers include Sanfu Co. and Dawei Co., which both reached the daily limit, while Yake Technology and Jingzhida rose over 7% [1] Group 2: Price Increase Impact - SanDisk has raised NAND flash contract prices by as much as 50% in November, causing significant disruptions in the storage supply chain [1] - Major module manufacturers such as Transcend, Innodisk, and Apacer Technology have decided to suspend shipments and reassess their pricing strategies, with Transcend halting quotes and deliveries since November 7, anticipating further price increases [1]

Core Viewpoint - The chemical sector is experiencing a strong performance, with several companies reaching their daily price limits and notable increases in stock prices [1] Group 1: Company Performance - Sanfu Co., Ltd. and Luxi Chemical both hit the daily limit up [1] - Liu Hua Co., Ltd. also reached the daily limit up [1] - Wanhua Chemical saw its stock price increase by over 5% [1] - Zhongyan Chemical and Chlor-alkali Chemical are also showing upward trends [1]

Core Viewpoint - The A-share market for storage chip stocks is experiencing significant gains, driven by increased demand for data storage due to the rapid evolution and widespread application of AI technologies [1][2]. Company Performance - Hangyu Micro (300053) saw a rise of 10.63%, with a total market capitalization of 10.3 billion and a year-to-date increase of 12.91% [2]. - Yawen Co., Ltd. (002559) increased by 10.01%, with a market cap of 6.4 billion and a year-to-date rise of 30.84% [2]. - Demingli (001309) achieved a 10% increase, with a market cap of 56.1 billion and an impressive year-to-date growth of 297.74% [2]. - Shannon Semiconductor (300475) rose by 6.88%, with a market cap of 73.7 billion and a year-to-date increase of 457.54% [2]. - Hangzhou Kelin (688611) increased by 6.24%, with a market cap of 7.3 billion and a year-to-date rise of 101.23% [2]. - Jiangbolong (301308) saw a 4.39% increase, with a market cap of 113.3 billion and a year-to-date growth of 214.38% [2]. - Sanfu Co., Ltd. (603938) rose by 4.03%, with a market cap of 7.5 billion and a year-to-date increase of 81.77% [2]. Industry Insights - The rapid advancement of technology and the widespread application of AI are driving an explosive growth in data storage demand, providing long-term development momentum for the storage industry [1][2]. - Following price increases by major companies like Samsung and Micron in September, Samsung and SK Hynix have recently raised prices for storage products, including DRAM and NAND [1][2]. - Many leading tech companies have increased their capital expenditure forecasts for the fiscal year 2025, indicating ongoing expansion in computing infrastructure and a sustained rise in storage demand from servers and data centers, which is expected to enhance industry prosperity [1][2].

Core Viewpoint - Yingxin Development has reached a trading limit, marking a consecutive two-day increase, while Yishitong has surged over 14%. Other companies such as Shannon Chip, Sanfu Co., Huahong Semiconductor, Shenzhen South Circuit, and Shikong Technology have also seen gains [1] Company Performance - Yingxin Development has achieved a trading limit and a two-day consecutive increase [1] - Yishitong has experienced a significant rise of over 14% [1] - Other companies including Shannon Chip, Sanfu Co., Huahong Semiconductor, Shenzhen South Circuit, and Shikong Technology have followed suit with upward trends [1]

唐山三孚硅业股份有限公司 2025 年第一次临时股东大会 会 议 资 料 1 唐山三孚硅业股份有限公司 2025 年第一次临时股东大会会议议程 现场会议主要议程： 一、主持人宣布会议开始，宣布出席现场会议的股东和股东代表人数及所持有 表决权的股份数 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | A 股股东 | | 非累积投票议案 | | | | 1 | 关于聘任会计师事务所的议案 | √ | | 2 | 关于取消监事会并修订《公司章程》的议案 | √ | | 3.00 | 关于修订及废止部分治理制度的议案 | √ | | 3.01 | 关于废止《监事会议事规则》的议案 | √ | | 3.02 | 关于修订《董事、高级管理人员所持本公司股份及其变 | √ | | | 动管理制度》的议案 | | | 3.03 | 关于修订《董事会议事规则》的议案 | √ | | 3.04 | 关于修订《独立董事工作规则》的议案 | √ | | 3.05 | 关于修订《对外担保制度》的议案 | √ | | 3.06 | 关于修订《对外投资管理制度》的议案 | √ | | 3.0 ...

Group 1: New Stock Issuances - Multiple new stock issuances are scheduled for October 31, 2025, including Jiangbolong (301308) and Shikong Technology (605178) [1] - A total of 30 companies have announcements related to stock issuance or trading on this date [1] Group 2: Trading Alerts - Jiangbolong (301308) reported severe abnormal fluctuations in trading [1] - Other companies such as ST Wanfang (000638) and Yashichuangneng (603378) also have trading alerts on the same date [1] Group 3: Recent Announcements - Recent announcements include companies like Tianpu Co. (605255) and Kangsheng Co. (002418) with updates on October 31, 2025 [1] - The announcements cover various sectors, indicating a broad market activity [1]

Core Viewpoint - Sanfu Co., Ltd. is a significant player in the fine chemical sector in China, focusing on the research, production, and sales of products like trichlorosilane and potassium hydroxide, leveraging its technological and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Sanfu's revenue reached 1.548 billion yuan, ranking 6th in the industry out of 16 companies [2] - The company's net profit for the same period was 63.944 million yuan, placing it 4th in the industry [2] - The main business composition includes potassium series at 570 million yuan (56.54%), silane coupling agents at 265 million yuan (26.33%), and silicon series at 145 million yuan (14.39%) [2] Group 2: Financial Health - As of Q3 2025, Sanfu's debt-to-asset ratio was 24.42%, lower than the previous year's 26.49% and significantly below the industry average of 46.56% [3] - The gross profit margin for the same period was 14.57%, slightly down from 15.61% year-on-year but still above the industry average of 11.02% [3] Group 3: Executive Compensation - The chairman, Sun Renjing, received a salary of 708,900 yuan in 2024, a decrease of 7,600 yuan from 2023 [4] - The general manager, Dong Liqiang, earned 381,600 yuan in 2024, down by 4,600 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 10% to 22,300 [5] - The average number of circulating A-shares held per shareholder increased by 11.11% to 17,200 [5] - Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 1.8807 million shares, an increase of 654,100 shares from the previous period [5]