深圳至正高分子材料股份有限公司 第四届董事会独立董事第五次专门会议审核意见 深圳至正高分子材料股份有限公司（以下简称"公司"）第四届董事会独立 董事第五次专门会议于 2025 年 7 月 30 日在公司会议室以通讯的方式召开，所有 独立董事一致同意豁免会议通知期限。会议应出席独立董事 3 人，实际出席独立 董事 3 人。本次会议的召开符合《中华人民共和国公司法》 《上市公司独立董事管理办法》等法律、法规及《深圳至正高分子材料股份有限 公司章程》的有关规定。 （以下简称"《公司法》"）、 经与会独立董事审议，会议通过了拟提交公司第四届董事会第十八次会议审 议的关于公司拟通过重大资产置换、发行股份及支付现金的方式直接及间接取得 Advanced Assembly Materials International Ltd.（以下简称"AAMI"）的股权及其 控制权，置出公司全资子公司上海至正新材料有限公司 100%股权，并募集配套 资金（以下合称"本次交易"）相关事宜，并发表审核意见如下： 深圳至正高分子材料股份有限公司 董事会 法律、法规、规范性文件的规定，其内容真实、准确、完整，已充分披露了本次 交易的相关风险， ...

Core Viewpoint - The report outlines the independent financial advisor's verification of the asset swap, share issuance, and cash payment for asset acquisition by Shenzhen Zhizheng High Polymer Materials Co., Ltd. The advisor confirms the sufficiency, feasibility, and effectiveness of the integration and control measures post-transaction, ensuring AAMI's independent operation while maintaining oversight from the parent company [1][2][19]. Group 1: Integration and Control Measures - The company plans to enhance internal management systems and align interests between the parent company and AAMI through board and management personnel arrangements, ensuring effective integration and support for AAMI's development [2][3][4]. - AAMI will maintain its independent operational status while being integrated into the parent company's management framework, with a focus on leveraging the parent company's resources to optimize AAMI's performance [3][4][8]. - The governance model will be based on a "management team, board of directors, and shareholders' meeting" structure, which has proven effective in the semiconductor industry [4][5][6]. Group 2: Management Structure and Personnel - The board of AAMI will consist of five directors, all appointed by the parent company, ensuring comprehensive oversight of AAMI's operations and strategic decisions [11][12][13]. - Key personnel from AAMI will be retained and new appointments will be made based on market needs, ensuring stability and expertise within the management team [6][17][18]. - The company will implement a robust internal audit system to monitor AAMI's operations and financial status, ensuring compliance and effective management [18][19]. Group 3: Financial Performance and Capacity Utilization - AAMI's revenue is projected to exceed expectations, with significant growth anticipated in 2025 and 2026, driven by stable customer relationships and increased production capacity [20][21][22]. - The company has established measures to optimize production capacity across its facilities, ensuring efficient resource allocation and minimizing potential overcapacity risks [23][24][25]. - The estimated capacity utilization for AAMI is expected to improve significantly, with projections indicating a utilization rate of approximately 45% by the end of 2025 [26][27].

Core Viewpoint - The company is undergoing a significant asset swap and acquisition to enhance its position in the semiconductor materials sector, aiming to improve asset quality and profitability through the integration of a high-potential target company, AAMI [1][2][10]. Group 1: Transaction Purpose and Integration Control - The transaction involves divesting loss-making assets and acquiring profitable, high-potential targets to enhance the company's asset quality and profitability [2][3]. - AAMI, a leading semiconductor packaging materials company, will provide the company with a competitive edge in high-precision and high-reliability applications, crucial for sectors like automotive and communication [4][7]. - Post-transaction, the company will hold approximately 99.97% of AAMI, allowing for strategic control and governance improvements [10][12]. Group 2: Financial Impact and Performance Metrics - The transaction is expected to significantly increase the company's asset scale, with total assets projected to rise from 636.02 million to 4,766.39 million yuan, a growth of 649.41% [10][11]. - Projected operating revenue will increase from 364.56 million to 2,608.08 million yuan, reflecting a growth rate of 615.40% [11]. - The net profit attributable to the parent company is expected to turn from a loss of 30.53 million yuan to a profit of 17.49 million yuan, indicating a substantial improvement in operational performance [11][12]. Group 3: Market Position and Competitive Advantage - AAMI has established itself as a top player in the semiconductor lead frame market, ranking fifth globally with a market share of 9% [6][7]. - The company aims to leverage AAMI's advanced production capabilities and established customer relationships to enhance its market position and drive growth in the semiconductor materials sector [7][17]. - The integration of AAMI is expected to strengthen the company's supply chain resilience and contribute to the development of a robust domestic semiconductor industry [10][12]. Group 4: Management Structure and Operational Independence - AAMI will maintain its operational independence post-acquisition, with its existing management team continuing to lead the company [24][26]. - The company plans to implement a governance structure that respects AAMI's existing culture while enhancing operational efficiency through improved management processes [26][27]. - The integration strategy includes maintaining AAMI's established organizational structure while introducing transparency in decision-making and operational oversight [26][27].

上海泽昌律师事务所 关于 深圳至正高分子材料股份有限公司 重大资产置换、发行股份及支付现金购买 资产并募集配套资金暨关联交易 之 补充法律意见书（五） 上海市浦东新区世纪大道 1589 号长泰国际金融大厦 11 层 电话：021-61913137 传真：021-61913139 邮编：200120 二零二五年七月 上海泽昌律师事务所 法律意见书 上海泽昌律师事务所 关于深圳至正高分子材料股份有限公司重大资产置换、发 行股份及支付现金购买资产并募集配套资金暨关联交易之 补充法律意见书（五） 编号：泽昌证字 2025-03-02-21 致：深圳至正高分子材料股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司重大 资产重组管理办法》等法律、行政法规、规章和规范性文件的相关规定，上海泽 昌律师事务所接受深圳至正高分子材料股份有限公司委托，作为本次重组事宜的 专项法律顾问。 为本次重组之目的，本所已于 2025 年 2 月 28 日出具了《上海泽昌律师事务 所关于深圳至正高分子材料股份有限公司重大资产置换、发行股份及支付现金购 买资产并募集配套资金暨关联交易之法律意见书》 （以下简称"《法律意 ...

关于深圳至正高分子材料股份有限公司重大资 产置换、发行股份及支付现金购买资产并募集配 套资金暨关联交易申请的审核中心意见落实函 之回复报告 独立财务顾问 二〇二五年七月 上海证券交易所： 按照贵所下发的《关于深圳至正高分子材料股份有限公司重大资产置换、发 行股份及支付现金购买资产并募集配套资金暨关联交易申请的审核中心意见落 实函》（上证上审〔2025〕53 号）（以下简称"审核中心意见落实函"）的要 求，深圳至正高分子材料股份有限公司（以下简称"公司"、"上市公司"或"至 正股份"）及相关中介机构就审核中心意见落实函所提问题进行了认真讨论分析， 现逐条进行回复说明，请予审核。 本审核中心意见落实函回复（以下简称"本回复"）中回复内容的报告期指 报告书中"释义"所定义的词语或简称具有相关的含义。在本回复中，若合计数 与各分项数值相加之和在尾数上存在差异，均为四舍五入所致。本回复所引用的 财务数据和财务指标，如无特殊说明，指合并报表口径的财务数据和根据该类财 务数据计算的财务指标。 问题一：进一步论证交易完成后对目标公司 AAMI 采取的整合管控措施是否 充分、可行、有效；在现有治理结构和管理模式下，上市公司拟向 ...

Core Viewpoint - The company is undergoing a significant asset restructuring and capital raising process, with a focus on enhancing production capacity and efficiency at its Chuzhou factory, which is expected to contribute positively to future revenues and mitigate any potential asset impairment risks [1][2][11]. Group 1: Production Capacity and Utilization - The Chuzhou factory (AMA) is projected to achieve a production capacity utilization rate of approximately 45% by the end of 2025, with expectations of further increases in 2026 due to new product launches and internal capacity transfers from AMC [5][8][12]. - AMA's revenue for the first half of 2025 reached $14.1 million, which is about 50% of its annual target of $28.2 million, indicating strong growth potential [5][22]. - The overall revenue for AAMI's two domestic factories (AMC + AMA) is expected to reach between $248.4 million and $268.4 million in 2025, closely aligning with management's conservative estimates for 2026 [5][11]. Group 2: Financial Performance and Forecast - AAMI's overall order backlog as of June 30, 2025, was $73.2 million, reflecting an increase of approximately 80% compared to December 31, 2024, indicating stable growth in demand [11][12]. - The management estimates that AMA's revenue could exceed expectations by 25% to 42% for the full year of 2025, based on historical sales data and customer engagement [5][22]. - The projected revenue for the Chuzhou factory in 2026 is estimated at $73.6 million, contributing to a total factory output of $368 million across all facilities [8][12]. Group 3: Asset Impairment Risk Assessment - The company conducted a simulated impairment test for the Chuzhou factory's assets, concluding that the recoverable amount exceeds the book value, indicating no impairment risk [17][23]. - The assets of the Chuzhou factory, including advanced production systems and equipment, are expected to maintain their value due to ongoing demand and operational efficiency improvements [25][26]. - The management's assessment indicates that the Chuzhou factory's assets do not show signs of impairment, and future risks are considered minimal [17][25].

证券日报网讯 7月31日晚间，至正股份发布公告称，公司第四届监事会第十四次会议审议了《关于公司 签署附条件生效的的议案》等。 （文章来源：证券日报） ...

证券日报网讯 7月31日晚间，至正股份发布公告称，公司第四届董事会第十八次会议审议通过了《关于 公司签署附条件生效的的议案》等多项议案。 （文章来源：证券日报） ...

深圳至正高分子材料股份有限公司（以下简称"公司"）拟通过重大资产置 换、发行股份及支付现金的方式直接及间接取得 Advanced Assembly Materials International Ltd.（以下简称"AAMI"）的股权及其控制权，置出公司全资子公 司上海至正新材料有限公司 100%股权，并募集配套资金（以下合称"本次交 易"）。 为推进本次交易，经沟通协商，公司拟与 ASMPT Hong Kong Holding Limited 签署附条件生效的《资产购买协议之补充协议二》，对本次交易完成后 AAMI 的公司治理进行补充约定。 证券代码：603991 证券简称：至正股份 公告编号：2025-044 深圳至正高分子材料股份有限公司 第四届监事会第十四次会议决议公告 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 深圳至正高分子材料股份有限公司（以下简称"公司"）第四届监事会第十 四次会议通知已于 2025 年 7 月 29 日以书面、通讯方式送达全体监事，所有监 事一致同意豁免会议通知 ...

证券代码：603991 证券简称：至正股份 公告编号：2025-043 深圳至正高分子材料股份有限公司 第四届董事会第十八次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 深圳至正高分子材料股份有限公司（以下简称"公司"）第四届董事会第 十八次会议通知已于 2025 年 7 月 29 日以书面、通讯方式送达各位董事，所有 董事一致同意豁免会议通知期限。 会议于 2025 年 7 月 30 日在公司会议室以现场结合通讯的方式召开。本次 会议由董事长施君先生主持，应出席董事 9 名，实际出席董事 9 人，公司高级 管理人员列席本次会议。全体董事对本次董事会召集、召开程序无异议。本次 会议的召集、召开符合有关法律、行政法规、部门规章、规范性文件和《深圳 至正高分子材料股份有限公司章程》的规定，会议合法、有效。 二、董事会会议审议情况 全体与会董事经认真审议和表决，形成以下决议： （一）审议通过了《关于公司签署附条件生效的<资产购买协议之补充协 议二>的议案》 为推进本次交易，经沟通协商，公司 ...