Core Viewpoint - Fangyuan Co., Ltd. (688148.SH) announced that its shareholder, Pingfang Yili, plans to reduce its holdings by up to 5.1 million shares, representing no more than 1% of the company's total share capital, through centralized bidding based on market prices within three months after the announcement of the share reduction plan [1] Summary by Category - **Shareholder Action** - Pingfang Yili intends to reduce its stake in Fangyuan Co., Ltd. by a maximum of 5.1 million shares [1] - The reduction will not exceed 1% of the total share capital of the company [1] - **Timeline** - The reduction period is set for three months starting from 15 trading days after the company discloses the share reduction plan [1]

Core Viewpoint - Fangyuan Co., Ltd. (688148.SH) announced that its shareholder, Pingfang Yili, plans to reduce its holdings by up to 5.1 million shares, representing no more than 1% of the company's total share capital, through centralized bidding based on market prices [1] Group 1 - The reduction period for the shareholding is set for three months, starting from 15 trading days after the announcement of the share reduction plan [1] - The maximum number of shares to be reduced is 5.1 million [1] - The reduction will not exceed 1% of the total share capital of the company [1]

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-069 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 广东芳源新材料集团股份有限公司（以下简称"公司"）股东江门市平方亿 利投资咨询合伙企业（有限合伙）（以下简称"平方亿利"）系公司员工持股平台， 截至本公告披露日，平方亿利持有公司股份 9,502,700 股，占公司总股本的 1.86%， 为公司控股股东、实际控制人罗爱平先生及实际控制人吴芳女士的一致行动人。 平方亿利持有的公司股份为公司首次公开发行前股份，已于 2024 年 8 月 6 日解 除限售并上市流通。 减持计划的主要内容 公司于近日收到股东平方亿利的通知，平方亿利计划根据市场价格，通过集 中竞价方式减持其持有的公司股份不超过 5,100,000 股，占公司总股本比例不超 过 1%， ...

Core Viewpoint - Fangyuan Co., Ltd. announced that Jiangmen Square Yili Investment Consulting Partnership (Limited Partnership) plans to reduce its holdings by up to 5.1 million shares, representing no more than 1% of the company's total share capital [1] Group 1: Share Reduction Plan - The reduction period is set from December 20, 2025, to March 19, 2026, starting 15 trading days after the announcement [1] - The shares to be reduced are from the company's initial public offering prior to its public listing, with the reason for the reduction being personal funding needs [1] - The reducing entity, Square Yili, is a concerted actor of the company's controlling shareholders, Luo Aiping and Wu Fang, holding 9.5027 million shares, which is 1.86% of the total share capital as of the announcement date [1]

广东芳源新材料集团股份有限公司股东会 会议文件 广东芳源新材料集团股份有限公司 2025 年第二次临时股东会会议资料 2025 年 12 月 广东芳源新材料集团股份有限公司股东会 会议文件 广东芳源新材料集团股份有限公司 2025 年第二次临时股东会会议须知 根据《广东芳源新材料集团股份有限公司章程》（以下简称《公司章程》） 和《广东芳源新材料集团股份有限公司股东会议事规则》的相关规定，广东芳源 新材料集团股份有限公司（以下简称"公司"）特制定本次股东会的会议须知。 一、股东会会议组织 1、本次会议由公司董事会依法召集。 2、本次会议采取现场投票与网络投票相结合的方式。本次股东会将通过上 海证券交易所交易系统向公司股东提供网络投票平台，股东可以在网络投票时间 内通过上述系统行使表决权。 3、本次会议的出席人员 （1）2025 年 12 月 1 日（星期一）下午交易结束后在中国证券登记结算有 限责任公司上海分公司登记在册的公司股东或股东委托代理人； （2）公司董事和高级管理人员； （4）其他人员。 4、本次会议行使《中华人民共和国公司法》和《公司章程》所规定的股东 会职权。 二、股东会会议须知 1、各股东请按照 ...

Core Viewpoint - Fangyuan Co., Ltd. has experienced a significant stock price decline of 21.32% this week, closing at 9.52 yuan, with a total market capitalization of 4.857 billion yuan as of November 21, 2025 [1] Company Announcements - The company will hold its second extraordinary general meeting on December 8, 2025, to review various proposals including the reappointment of the accounting firm, daily related party transaction limits for 2026, external guarantee limits, and the initiation of futures hedging business [1] - The company plans to conduct futures hedging from January 1 to December 31, 2026, with a maximum margin of 100 million yuan and a maximum contract value of 600 million yuan on any trading day, funded by its own and raised funds [1] - The company intends to apply for a total credit limit of no more than 5.5 billion yuan from banks and financial institutions for the year 2026, covering various types of credit facilities [2] - Expected related party transactions with Better Energy and Hunan Hongbang in 2026 are projected to total no more than 1.07 billion yuan, including approximately 70 million yuan for raw material purchases and 1 billion yuan for product sales [2] - The company plans to reappoint Tianjian Accounting Firm for the 2025 financial report and internal control audit, with an audit fee of 800,000 yuan, unchanged from the previous year [2] - The company intends to provide a total external guarantee limit of no more than 2.5 billion yuan for its wholly-owned subsidiary and other controlled subsidiaries in 2026 [2] Share Buyback and Reduction - The board has approved a change in the use of 9,955,500 repurchased shares from employee stock ownership plans to conversion of convertible bonds, aimed at mitigating dilution effects [3] - The company completed a share reduction plan, reducing 3,320,000 shares from September 8 to November 21, 2025, at an average price of 9.19 yuan per share, totaling approximately 30.51 million yuan [3]

Group 1 - The core point of the article is that Fangyuan Co., Ltd. announced that neither the company nor its controlling subsidiaries have overdue guarantees or are involved in litigation guarantees [1]

Core Points - Fangyuan Co., Ltd. announced the completion of its share repurchase plan, having reduced its holdings by 3,320,000 shares at an average price of 9.19 CNY per share [1] Summary by Category Company Actions - The company executed a share reduction through a centralized bidding process, completing the plan as of November 21, 2025 [1] - The total number of shares reduced represents 0.65% of the company's total share capital [1]

格隆汇11月21日丨芳源股份(688148.SH)公布，截至2025年11月21日，公司回购专用证券账户通过集中 竞价方式减持公司股份332万股，减持均价为9.19元/股，减持股份数量占公司总股本的0.65%，本次减 持计划已实施完毕。 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-068 | | --- | --- | --- | | 转债代码：118020 | 债券简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于回购股份集中竞价减持股份结果公告 本公司董事会、全体董事及相关股东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： 回购股份的基本情况 上述减持主体无一致行动人。 二、减持计划的实施结果 （一）股东因以下事项披露减持计划实施结果： 减持计划实施完毕 | 股东名称 | | | | 广东芳源新材料集团股份有限公司回购专用证券账户 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 减持计划首次披露日期 | 2025 年 8 月 | 5 | 日 | | | | | | 减持数量 | 3,320,000股 | | | | | | | | 减持期间 | 2025 年 9 月 | 8 | 日～2025 | 年 | 11 | 月 21 | 日 | | 减持 ...