北京市中伦（深圳）律师事务所 关于宁波德昌电机股份有限公司 2025 年第一次临时股东大会的 法律意见书 二〇二五年七月 | 四、结论意见 5 | | --- | 北京市中伦（深圳）律师事务所 关于宁波德昌电机股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：宁波德昌电机股份有限公司 根据《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》以及中国证券监督管理委员会（以下简称"中国证监会"）发布 的《上市公司股东会规则》的规定，北京市中伦（深圳）律师事务所（以下简称 "本所"）接受宁波德昌电机股份有限公司（以下简称"公司"）的委托，指派 本所律师列席公司 2025 年第一次临时股东大会（以下简称"本次股东大会"）， 对本次股东大会的相关事项进行见证并出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的包括但不限于如下相关文 件： 1. 公司现行有效的公司章程； 6. 公司本次股东大会的会议资料。 2. 公司于 2025 年 7 月 8 日刊登于巨潮资讯网（www.cninfo.com.cn）的第二 届董事会第十八次会议决议公告； 3. 公司于 2025 年 ...

证券代码：605555 证券简称：德昌股份 公告编号：2025-032 宁波德昌电机股份有限公司 2025年第一次临时股东大会决议公告 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 | 1、出席会议的股东和代理人人数 | 323 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 337,220,579 | | 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 | 69.6637 | | 比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长黄裕昌先生主持，本次会议的召集、召 开及表决均符合《中华人民共和国公司法》等相关规定。 (五) 公司董事、监事和董事会秘书的出席情况 (一) 股东大会召开的时间：2025 年 7 月 23 日 (二) 股东大会召开的地点：浙江省宁波市余姚市永兴东路 18 号公司会议室 (三) 出席会议的普通股股东和 ...

Core Viewpoint - Ningbo Dechang Electric Motor Co., Ltd. is planning to issue A-shares to specific investors in 2025, with adjustments made to the fundraising amount and investment projects based on the company's current situation [1][12]. Group 1: Meeting Details - The first extraordinary general meeting of shareholders for 2025 is scheduled for July 23, 2025, at 14:00 in Ningbo, Zhejiang Province [4]. - The meeting will include procedures such as sign-in, introduction of attendees, reading of meeting rules, and voting on various proposals [4][5]. Group 2: Proposals for A-Share Issuance - The proposal for the issuance of A-shares has been revised, with the total fundraising amount adjusted to not exceed 154,031.30 million yuan, which will be allocated to specific investment projects [8][11]. - The company plans to invest in projects including the production line for automotive steering and braking system motors, with total investment amounts specified for each project [9][10]. Group 3: Adjustments to Company Structure - Following the implementation of the profit distribution and capital reserve transfer plan for 2024, the total number of shares has increased from 372,360,800 to 484,069,040, necessitating amendments to the company's articles of association [18]. - The registered capital has also been updated to reflect the new total number of shares [18]. Group 4: Voting and Decision-Making - The proposals require a special resolution, needing approval from more than two-thirds of the voting rights held by attending shareholders [11][17]. - The voting process will involve designated representatives and legal oversight to ensure transparency and compliance [3][9].

宁波德昌电机股份有限公司 2025年第一次临时股东大会会议资料 股票代码：605555 股票简称：德昌股份 宁波德昌电机股份有限公司 2025年第一次临时股东大会会议资料 宁波德昌电机股份有限公司 2025 年第一次临时股东大会会议资料 2025 年 7 月·宁波 1 | 2025 年第一次临时股东大会会议须知 | | | | 3 | | --- | --- | --- | --- | --- | | 2025 年第一次临时股东大会会议议程 | | | | 5 | | 议案一：关于调整 | 2025 | 年度向特定对象发行 | A 股股票方案的议案 | 6 | | 议案二：关于公司 | 2025 | 年度向特定对象发行 | A 股股票预案（修订稿）的议案 | 10 | | 议案三：关于公司 | 2025 | 年度向特定对象发行 | A 股股票发行方案论证分析报告（修订稿） | | | 的议案 | | | | 11 | | 议案四：关于公司 | 2025 | 年度向特定对象发行 | A 股股票募集资金运用的可行性分析报告 | | | （修订稿）的议案 | | | | 12 | | 议案五：关于公司 | 2025 ...

Investment Rating - The report maintains a positive outlook on the home appliance industry, particularly highlighting the white goods sector as undervalued with high dividend yields and stable growth potential [4][5]. Core Insights - The report identifies three main investment themes: 1. **White Goods**: The reversal of real estate policies is expected to boost the white goods sector, with a projected domestic production increase of 8% in the upcoming months. The report recommends stocks like Hisense Home Appliances, Midea, Haier, and Gree [5]. 2. **Exports**: Companies like Ousheng Electric and Dechang Co. are highlighted for their stable profit growth driven by large customer orders and recovering overseas demand [5]. 3. **Core Components**: The report emphasizes the unexpected demand for core components in the white goods sector, recommending companies such as Huaxiang Co., Shun'an Environment, and Sanhua Intelligent Control for their competitive advantages and growth prospects [5]. Summary by Sections A. Clean Appliances Data - In June 2025, online sales of sweeping machines reached 352,300 units, up 34.11% year-on-year, with sales revenue of 576 million yuan, an increase of 44.07%. The average price rose by 7.43% to 1,634.50 yuan per unit [4][31]. - For washing machines, sales were 257,400 units, up 32.43% year-on-year, with revenue of 411 million yuan, a 20.31% increase. The average price decreased by 9.15% to 1,598.10 yuan per unit [4][31]. B. Personal Care Data - In June 2025, hair dryer sales fell by 28.23% to 918,300 units, but revenue increased by 1.57% to 30.5 million yuan, with an average price rise of 41.52% to 332.0 yuan per unit [5][39]. - Electric shaver sales decreased by 1.81% to 1,140,900 units, while revenue grew by 5.76% to 25 million yuan, with an average price increase of 7.68% to 218.7 yuan per unit [5][39]. C. Industry Dynamics - The home appliance sector underperformed compared to the CSI 300 index, with a 0.3% decline in the home appliance index while the CSI 300 rose by 0.8% [6][7]. - The announcement of a 50% tariff on copper imports by the U.S. is expected to impact the industry, as copper is a key material for many appliances [6][13]. D. Material Prices - As of July 11, 2025, copper prices were 78,730 yuan per ton, down 1.19% year-on-year, while aluminum prices rose by 3.25% to 20,785 yuan per ton [16][20].

Core Viewpoint - Dechang Co., Ltd. plans to raise up to 1.54 billion yuan through a private placement to enhance production capacity and support working capital, marking its first equity refinancing since its IPO in 2021 [1][2] Group 1: Fundraising and Investment Plans - The company intends to issue shares to no more than 35 specific investors, with the total amount not exceeding 1.54 billion yuan, representing up to 30% of the pre-issue total share capital, or 14.5 million shares [2] - The fundraising will support several projects, including a production line for 5.6 million automotive steering and braking system motors, a factory in Thailand for 5 million home appliance products, a factory in Vietnam for 3 million small home appliances, and a smart kitchen appliance project with a production capacity of 1.2 million units [2][3] - The total investment for these projects is approximately 2.41 billion yuan, with the company covering the shortfall through self-funding [2] Group 2: Business Performance and Growth - As of the first quarter of 2025, the company's total assets reached 5.274 billion yuan, a historical high, reflecting a year-on-year increase of 14.53% [4][5] - In 2024, the company achieved a revenue of 4.095 billion yuan, a year-on-year growth of 47.56%, with a net profit of 411 million yuan, up 27.51% [4] - The automotive parts business generated revenue of 412 million yuan in 2024, marking a significant year-on-year growth of 104.54% [5] Group 3: Strategic Development and Market Position - Dechang Co., Ltd. has established itself as one of China's top ten vacuum cleaner exporters and has expanded into the automotive parts sector, leveraging its technological advantages in motor production [1][4] - The company has a diverse product portfolio, including vacuum cleaners, small home appliances, and EPS motors, which enhances its market competitiveness and profitability [3][4] - The automotive parts division has already secured clients from well-known suppliers in the steering and braking systems sector, indicating strong market demand [4]

Meeting Overview - The second supervisory board meeting of Ningbo Dechang Electric Motor Co., Ltd. was held on July 5, 2025, with all three supervisors present, and all proposals were approved without opposition or abstentions [1][7]. Fundraising Plan Adjustment - The company has adjusted its plan for the issuance of A-shares to specific targets, with a total fundraising amount not exceeding 1,523.801 million yuan (including principal) [2][5]. - The total investment amount for the projects funded by the raised capital is 2,140.104 million yuan, with specific allocations for various projects [2][5]. Project Investment Details - The company plans to invest 414.8976 million yuan in a project approved by the board, which involves the production of 1.2 million smart kitchen appliances annually, expanding capacity to 1.8 million units [2][3]. - Another project, involving the production of 5.6 million automotive steering and braking system motors, has a total investment of 240.98374 million yuan, with 154.0313 million yuan allocated from the raised funds [5][6]. Approval and Compliance - The supervisory board unanimously agreed that the adjusted fundraising plan complies with relevant laws and regulations, and it is in the best interest of the company and all shareholders, particularly minority shareholders [6][8]. - The proposals will be submitted for approval at the shareholders' meeting [7][9].

Meeting Overview - The first extraordinary general meeting of shareholders for 2025 will be held on July 23, 2025 [1] - The meeting will utilize a combination of on-site and online voting methods [1][2] - The meeting will take place at the company's conference room located at 18 Yongxing East Road, Yuyao City, Ningbo, Zhejiang Province [1] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [1][2] - Specific voting procedures apply to margin trading, transfer, and other related accounts as per the Shanghai Stock Exchange regulations [2] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3] Agenda Items - The meeting will review several non-cumulative voting proposals related to the issuance of A-shares to specific targets for the year 2025, including feasibility analyses and measures to mitigate immediate return dilution [2][3] - The proposals include a revised plan for the issuance of A-shares, an analysis report on the issuance plan, and a report on the use of raised funds [2][3] Attendance and Registration - Shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on July 18, 2025, are eligible to attend [4] - Registration for attendance must be completed by July 22, 2025, with specific documentation required for different types of shareholders [4][5] Additional Information - Shareholders are responsible for their own accommodation and travel expenses for attending the meeting [5] - The company has provided an authorization letter template for shareholders wishing to appoint a proxy to attend and vote on their behalf [6]

证券代码：605555 证券简称：德昌股份 公告编号：2025-030 宁波德昌电机股份有限公司 关于变更公司董事会秘书及证券事务代表的公告 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。 一、关于变更董事会秘书的情况 宁波德昌电机股份有限公司（以下简称"公司"）董事会于近日收到公司副 总经理兼董事会秘书齐晓琳女士关于职务调整的书面报告，因其工作调整不再担 任公司董事会秘书职务，仍继续担任公司副总经理职务。其职务调整的书面报告 自送达董事会之日起生效。 经公司董事长提名，董事会提名委员会资格审查通过，公司于 2025 年 7 月 同意聘任黄亚萍女士为公司董事会秘书（简历附后），任期自董事会审议通过之 日起至第二届董事会届满之日止。 黄亚萍女士已取得上海证券交易所颁发的《董事会秘书任职培训证明》，具 备履行董事会秘书职责所必需的职业道德、专业知识和工作经验，其任职资格符 合《公司法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》等有关法律法规及规范性文件的规定，在本次董 事会召开之前 ...

公司以宁波德昌电机制造有限公司整体变更方式设立；在宁波市市场监督管 理局注册登记，取得营业执照，依法从事经营活动。 第三条 公司经中国证券监督管理委员会于 2021 年 9 月 17 日核准，首次向 社会公众发行人民币普通股 5,000 万股，于 2021 年 10 月 21 日在上海证券交 易所上市。 宁波德昌电机股份有限公司 章 程 二○二五年七月 宁波德昌电机股份有限公司章程 宁波德昌电机股份有限公司章程 第一章 总则 第一条 为维护宁波德昌电机股份有限公司（以下简称"公司"）、公司股 东和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司 法》（以下简称"《公司法》"）和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 第四条 公司注册名称： 中文全称：宁波德昌电机股份有限公司 英文全称：Ningbo Dechang Electrical Machinery Made Co.,Ltd. 第五条 公司住所：浙江省余姚市凤山街道东郊工业园区永兴东路 18 号。 第六条 公司注册资本为人民币 484,069,040.00 元。 第七条 公司为永久存续的 ...