Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management to enhance fund efficiency while ensuring that the investment projects remain unaffected [1][5][6] Group 1: Fundraising Overview - The company raised a total of RMB 999.264 million through its initial public offering, with a net amount of RMB 929.7129 million after deducting issuance costs [1] - The company has established a special account for the management of raised funds and signed a tripartite supervision agreement with the sponsor and the bank [1] Group 2: Investment Project Status - The total investment amount for the projects funded by the raised funds is RMB 450.167 million, with the same amount planned to be used from the raised funds [2] - The company has decided to change the use of remaining raised funds from specific projects to a new "Lake Ecological Hospital Project," with a balance of RMB 327.0527 million available for this purpose [2] Group 3: Cash Management Plan - The company intends to use up to RMB 350 million of temporarily idle raised funds for cash management, with a maximum duration of 12 months [3] - The cash management will involve purchasing low-risk, high-liquidity investment products, ensuring that these funds are not used for pledging or securities investment [3][4] Group 4: Impact on Operations - The cash management plan will not affect the company's normal operations or the execution of investment projects, and it aims to improve overall performance and returns for shareholders [5] - The board has approved the cash management proposal, ensuring compliance with relevant regulations and maintaining the integrity of the raised funds' intended use [5][6]

Core Viewpoint - The announcement details the first grant of restricted stock under the 2025 Restricted Stock Incentive Plan by Wuxi Delinhai Environmental Technology Co., Ltd, scheduled for August 28, 2025, with a total of 2.732059 million shares to be granted at a price of 11.42 yuan per share [1][8][14]. Summary by Sections 1. Restricted Stock Grant Details - The first grant of restricted stock will occur on August 28, 2025, following the approval of the incentive plan at the company's first extraordinary general meeting of 2025 [1][8]. - A total of 2.732059 million shares will be granted, accounting for 2.98% of the company's total share capital [5][13]. 2. Decision-Making Process - The decision to grant the restricted stock has undergone necessary procedures and disclosures, including reviews by the Board of Directors and the Compensation and Assessment Committee [3][4]. - The list of incentive objects has been publicly disclosed, with no objections received during the public notice period [4][14]. 3. Grant Conditions - The grant is contingent upon the company and the incentive objects meeting specific conditions, including no adverse audit opinions and no disqualifying actions by regulatory bodies [6][7]. - The incentive objects include directors, senior management, core technical personnel, and key middle management, all of whom are expected to directly impact the company's performance [7][14]. 4. Vesting Schedule - The vesting of the granted shares will occur in three phases: 40% after 12 months, 30% after 24 months, and 30% after 36 months from the grant date [10][11]. - The vesting schedule is designed to ensure that shares cannot be transferred or used as collateral before they vest [12]. 5. Accounting Treatment and Impact - The fair value of the restricted stock will be calculated using the Black-Scholes model, and the associated costs will be amortized over the vesting period [15][16]. - The implementation of this incentive plan is expected to enhance employee cohesion and operational efficiency, potentially leading to improved financial performance [16]. 6. Legal and Financial Advisory Opinions - Legal opinions confirm that the grant has received necessary approvals and complies with relevant regulations [17]. - Independent financial advisors have also validated that the grant conditions and procedures align with regulatory requirements [17].

Core Viewpoint - The legal opinion issued by Beijing Tianyuan Law Firm confirms that Wuxi Delinhai Environmental Technology Co., Ltd. has complied with relevant laws and regulations regarding its 2025 restricted stock incentive plan, ensuring that all necessary approvals and authorizations have been obtained [1][10]. Group 1: Approval and Authorization - The company held its third board meeting on July 18, 2025, where it approved the draft of the 2025 restricted stock incentive plan and related proposals [3][5]. - The company conducted an internal announcement of the proposed incentive recipients from July 19 to July 28, 2025, with no objections received during the public notice period [6]. - The first extraordinary shareholders' meeting on August 6, 2025, approved the authorization for the board to handle matters related to the incentive plan [9]. Group 2: Grant Conditions - The board confirmed that no disqualifying events had occurred for the company or the incentive recipients, thus meeting the grant conditions outlined in the management regulations and incentive plan [7][8]. - The legal opinion asserts that the company and the incentive recipients are eligible for the stock grants as per the established criteria [8]. Group 3: Grant Date and Recipients - The board determined August 28, 2025, as the grant date for the restricted stock, following the necessary procedures [9]. - A total of 2,732,059 shares of restricted stock will be granted to 38 recipients at a price of 11.42 yuan per share [9]. Group 4: Information Disclosure - The company will timely disclose relevant resolutions and documents related to the incentive plan as required by regulations [10]. - The legal opinion confirms that the company has fulfilled its current information disclosure obligations and will continue to do so as the incentive plan progresses [10].

Group 1 - The company's revenue significantly declined to 108 million yuan, a year-on-year decrease of 47.35%, and it reported a net loss of 3.09 million yuan, a year-on-year decline of 112.49% [1] - The decline in performance is primarily due to the delay in revenue recognition from large orders that have not yet been accepted, including projects with pending acceptance amounts of 70.8252 million yuan and 42.5003 million yuan [1] - Despite new orders totaling 402 million yuan and a cumulative backlog of approximately 527 million yuan, the low project conversion rate has negatively impacted short-term performance [1] Group 2 - The company's inventory surged to 77.19 million yuan, a year-on-year increase of 368.98%, with 97.6% of the cost related to contract performance, mainly due to increased upfront investments in ongoing projects [1] - High accounts receivable risk is evident, with 738 million yuan in accounts receivable, of which 46.1% are over three years old, including 199 million yuan aged four to five years, leading to increased collection pressure [1] - The company received a warning from the Jiangsu Securities Regulatory Bureau for failing to accurately assess bad debts for clients with significant credit risk changes in its 2023 annual report, resulting in accountability for the former financial officer [1] Group 3 - The company has changed its fundraising project from the original plans for "Lake Eutrophication Monitoring and Early Warning Construction" and "Blue Algae Disposal R&D Center" to the "Lake Ecological Hospital Project," involving 327 million yuan [2] - The reason for the change is attributed to market environment shifts and the company's strategic transition towards an overall lake governance model, focusing on digital twin technology and ecological restoration [2]

Core Viewpoint - The company, Wuxi Delinhai Environmental Technology Co., Ltd., faced regulatory action due to violations in information disclosure related to credit risk assessment of accounts receivable [1] Summary by Relevant Sections Regulatory Action - The China Securities Regulatory Commission's Jiangsu Regulatory Bureau issued a warning letter to the company's Deputy General Manager, Ji Lehua, for failing to fulfill disclosure obligations [1] Violations - Prior to the disclosure of the 2023 annual report, the company identified significant changes in credit risk characteristics of certain clients but continued to assess accounts receivable based on previous aging schedules, which is inconsistent with the requirements of the Accounting Standards for Enterprises [1] - The financial accounting issues affected the accuracy of the information disclosed in the company's 2023 annual report [1] Consequences - The regulatory measure taken was the issuance of a warning letter, which will be recorded in the integrity file of the securities and futures market [1]

Group 1 - The company Delinhai (SH 688069) held its fourth third board meeting on August 28, 2025, to review the proposal for the first grant of restricted stock to incentive objects [1] - For the year 2024, Delinhai's revenue composition shows that the ecological protection and environmental governance sector accounts for 99.63%, while other businesses make up 0.37% [1] - As of the report date, Delinhai's market capitalization is 2.6 billion yuan [1] Group 2 - The news highlights a significant medical advancement with the world's first successful transplantation of gene-edited pig lungs into humans, raising questions about the timeline for clinical applications [1]

无锡德林海环保科技股份有限公司 董事会薪酬与考核委员会 关于 2025 年限制性股票激励计划首次授予激励对象名单 的核查意见（截至授予日） 无锡德林海环保科技股份有限公司（以下简称"公司"）董事会薪酬与考 核委员会依据《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》、《上市公司股权激励管理办法》（以下简称"《管理 办法》"）、《上海证券交易所科创板股票上市规则》、《科创板上市公司自 律监管指南第 4 号——股权激励信息披露》等相关法律、法规及规范性文件和 《无锡德林海环保科技股份有限公司章程》的有关规定，对公司 2025 年限制性 股票激励计划（以下简称"本次激励计划"）首次授予激励对象名单（截至授 予日）进行了核查，发表核查意见如下： 1、本次激励计划首次授予的激励对象均不存在《管理办法》规定的不得成 为激励对象的情形： （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政 处罚或者采取市场禁入措施； （4）具有《公司法》规定的不得担任公 ...

证券代码：688069 证券简称：德林海 公告编号：2025-040 无锡德林海环保科技股份有限公司 关于向 2025 年限制性股票激励计划激励对象 首次授予限制性股票的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 限制性股票首次授予日：2025 年 8 月 28 日 ● 限制性股票首次授予数量：273.2059 万股，占目前公司股本总额 11,300.00 万股的 2.42% ● 股权激励方式：第二类限制性股票 《无锡德林海环保科技股份有限公司 2025 年限制性股票激励计划（草案）》 （以下简称"《激励计划（草案）》""本激励计划"或"本次激励计划"）规定的 2025 年限制性股票授予条件已经成就，根据无锡德林海环保科技股份有限公司 （以下简称"公司"）2025 年第一次临时股东大会授权，公司于 2025 年 8 月 28 日召开第四届董事会薪酬与考核委员会第一次会议和第四届董事会第三次会议， 审议通过了《关于向激励对象首次授予限制性股票的议案》，确定 2025 年 8 月 28 日为首次授 ...

无锡德林海环保科技股份有限公司 2025 年限制性股票激励计划首次授予激励对象名单 （截至授予日） 一、激励对象获授的限制性股票分配情况 本激励计划首次授予的限制性股票在各激励对象间的分配情况如下表所示： | | | | | 授予限制性 | 获授数量占 | 获授数量占本 | | --- | --- | --- | --- | --- | --- | --- | | 序 | 姓名 | 国籍 | 职务 | 股票数量 | 授予限制性 | 激励计划公告 | | 号 | | | | （万股） | 股票总数的 | 日股本总额的 | | | | | | | 比例 | 比例 | | 1 | 胡明明 | 中国 | 董事长、总经理、 核心技术人员 | 94.6296 | 28.06% | 0.84% | | 2 | 马建华 | 中国 | 副董事长 | 4.5158 | 1.34% | 0.04% | | 3 | 孙阳 | 中国 | 董事、核心技术人 员 | 4.5158 | 1.34% | 0.04% | | 4 | 韩曙光 | 中国 | 副总经理、核心技 术人员 | 7.6162 | 2.26% | 0.07% | | 5 | ...

申港证券股份有限公司 申港证券股份有限公司（以下简称"申港证券"或"保荐机构"）作为无 锡德林海环保科技股份有限公司（以下简称"德林海"或"公司"）持续督导 工作的保荐机构，根据《上市公司募集资金监管规则》《上海证券交易所科创 板上市公司自律监管指引第1号——规范运作》和《上海证券交易所科创板股票 上市规则》等有关规定的要求，对德林海使用暂时闲置募集资金进行现金管理 的事项进行了审慎核查，具体核查情况如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）于2020年7月1日 出具的《关于同意无锡德林海环保科技股份有限公司首次公开发行股票注册的 批复》（证监许可[2020]1319号），并经上海证券交易所同意，公司首次公开 发行人民币普通股（A股）1,487万股，募集资金总额为人民币99,926.40万元， 扣除发行费用人民币6,952.11万元（不含税），募集资金净额为人民币 92,974.29万元。上述募集资金已于2020年7月17日全部到位，经信永中和会计 师 事 务 所 （ 特 殊 普 通 合 伙 ） 审 验 并 出 具 了 《 验 资 报 告 》 （XYZH/2020SHA1 ...