Core Viewpoint - Huate Gas has filed a significant lawsuit regarding a share transfer dispute, with the amount involved reaching 180 million yuan, and the case has been accepted by the court but has not yet been heard [1] Group 1: Lawsuit Details - The plaintiff in the lawsuit is Huate Gas, while the defendants include Lai Minggui, Sichuan Zhongfu Energy New Materials Technology Co., Ltd., and Luo Jun [1] - The lawsuit stems from a series of cooperation agreements signed in 2022, including a key agreement that granted Huate Gas exclusive rights to certain gas interests and stipulated a penalty of 180 million yuan for breaches [1] - A supplementary agreement was signed in October 2022, which established joint liability for Luo Jun and Zhongfu Energy regarding the performance of the cooperation agreement [1] Group 2: Allegations of Breach - Huate Gas discovered multiple breaches by Lai Minggui, including participation in a third-party bidding process for NF3 and selling NF3 to other parties, violating the exclusivity agreement [2] - Additional breaches included delays in project commencement, failure to provide accurate project progress updates, and unilateral requests to terminate the cooperation agreement, which Huate Gas deemed as substantial breaches [2] - Huate Gas has previously filed a lawsuit against Lai Minggui for some of these breaches, and this current lawsuit addresses further violations, seeking 180 million yuan in penalties and joint liability from the other defendants [2] Group 3: Legal Proceedings and Financial Impact - Huate Gas has applied for property preservation measures to protect its legal rights and prevent the concealment or transfer of assets during the litigation process [2] - The company has received confirmation from the court regarding the completion of property preservation measures and has disclosed the lawsuit after the reason for delayed disclosure was resolved [3] - The case has not yet been heard, and the final judgment remains uncertain, making it difficult for the company to predict the impact on current or future profits [3]

华特气体公告，公司诉赖明贵、四川中氟能新材料科技有限公司、罗君股权转让纠纷一案已由广东省佛 山市中级人民法院立案受理。公司要求被告支付违约金人民币1.8亿元，并承担案件受理费、保全费等 全部诉讼费用。目前诉讼尚未开庭审理，判决结果不确定，无法预计对公司本期利润或期后利润的影 响。 ...

| | | 广东华特气体股份有限公司 关于提起重大诉讼的公告 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： 案件所处的诉讼阶段：已立案受理，尚未开庭审理 上市公司所处的当事人地位：广东华特气体股份有限公司（以下简称"公 司"）为原告 涉案的金额：人民币 1.8 亿元 是否会对上市公司损益产生负面影响：本次诉讼尚未开庭审理，最终的 判决结果尚不确定，目前无法预计对公司本期利润或期后利润的影响，最终实际 影响需以法院生效判决结果为准。公司将根据相关诉讼进展情况及时履行信息披 露义务，敬请投资者注意投资风险。 一、本次诉讼的基本情况 截止本公告披露日，该案件已立案受理，尚未开庭审理。 二、诉讼案件的基本情况 （一）诉讼当事人 原告：广东华特气体股份有限公司 被告一：赖明贵 被告二：四川中氟能新材料科技有限公司（以下简称"中氟能公司"） 被告三：罗君 2025 年 11 月 10 日，公司收到广东省佛山市中级人民法院送达的关于公司 诉赖明贵、四川中氟能新材料科技有限公司、罗君股权转让纠纷一案的《受理案 件通知书》 ...

Core Viewpoint - The investigation into the "12·4" major collapse accident of the Shenzhen-Jiangmen Railway revealed that the accident was caused by violations in construction practices and inadequate emergency response measures, leading to significant casualties and economic losses [2][3]. Group 1: Accident Details - The collapse occurred on December 4, 2024, resulting in 13 fatalities and direct economic losses of approximately 72.61 million yuan [2]. - The direct cause of the accident was identified as the failure to halt excavation when encountering a high-risk geological area, leading to a partial collapse of the tunnel face [2][3]. Group 2: Responsibility and Management Issues - The investigation found that multiple parties, including China Railway Fourth Engineering Group Co., Ltd. (中铁四局), Xiamen-Shenzhen Railway Guangdong Co., Ltd. (厦深公司), and others, failed in their management and risk control responsibilities [3][4]. - The supervising unit, Guangzhou Supervision Station, and the industry regulatory body, Guangzhou Railway Supervision Administration, were also found lacking in their oversight duties [3][4]. Group 3: Lessons Learned and Recommendations - Six major lessons were identified, including failures in risk prevention, monitoring, and emergency response systems, as well as the dangers of proceeding with construction before design changes [5]. - Six recommendations were proposed to improve safety, including enhancing risk prevention measures, strengthening construction safety protocols, and improving emergency response capabilities [5].

广东华特气体股份有限公司 2025 年第二次临时股东会会议资料 证券代码：688268 证券简称：华特气体 广东华特气体股份有限公司 2025 年第二次临时股东会会议资料 2025 年 12 月 广东华特气体股份有限公司 2025 年第二次临时股东会会议资料 广东华特气体股份有限公司 二、为保证本次会议的严肃性和正常秩序，切实维护与会股东（或股东代理 人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、高级管理人 员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员进入会场。 三、出席会议的股东及股东代理人须在会议召开前 15 分钟到会议现场办理 签到手续，并请按规定出示有效身份证明文件或企业营业执照/注册证书复印件 （加盖公章）、授权委托书等，经验证后领取会议资料，方可出席会议。会议开 始后，由会议主持人宣布现场出席会议的股东人数及其所持有表决权的股份总数， 在此之后进出的股东无权参与现场投票表决。 四、会议按照会议通知上所列顺序审议、表决议案。 五、股东及股东代理人参加股东会依法享有发言权、质询权、表决权等权利。 股东及股东代理人参加股东会应认真履行其法定义务，不得侵犯公司和其他股东 及 ...

Core Insights - The A-share market's photoresist concept stocks are experiencing a counter-trend rise, with notable increases in stock prices for several companies ahead of a key industry conference [1] Group 1: Stock Performance - Gao Meng New Materials saw a rise of over 13%, while Sai Microelectronics increased by over 11% [1] - Other companies such as Guofeng New Materials and Kaimete Gas reached the daily limit increase of 10%, with Huasoft Technology rising over 7% [1] - Shanghai Xinyang, Huate Gas, Jiaxian Co., Tongcheng New Materials, and Nanda Optoelectronics all experienced increases of over 4% [1] Group 2: Market Context - The "2025 Photoresist and Integrated Circuit Materials Advanced Technology and Industry Application Seminar" is scheduled to take place on November 20-21, with the theme "Photoresist Breakthrough, Material Gathering in Shaoxing" [1]

Group 1 - The core viewpoint of the news is the performance and financial details of Huate Gas, which saw a stock price increase of 5.08% to 62.00 CNY per share, with a total market capitalization of 7.459 billion CNY [1] - Huate Gas, established on February 5, 1999, and listed on December 26, 2019, specializes in the research, production, and sales of specialty gases, with revenue composition as follows: specialty gases 62.52%, industrial gases 22.01%, equipment and engineering 11.98%, and others 3.49% [1] Group 2 - In terms of fund holdings, Invesco Great Wall Fund has a significant position in Huate Gas, with its "Invesco Great Wall Pension 2055 Five-Year Holding Mixed FOF" holding 1,700 shares, representing 0.93% of the fund's net value, ranking as the eighth largest holding [2] - The fund was established on May 13, 2025, with a current scale of 11.9369 million CNY and has achieved a return of 14.88% since inception [2] - The fund manager, Jiang Hong, has been in the position for 4 years and 66 days, managing total assets of 1.491 billion CNY, with the best and worst fund returns during the tenure being 27.99% and -16.79%, respectively [2]

Core Viewpoint - The company, Huate Gas (688268.SH), reported improved gross margins in Q3 2025 due to the gradual release of new product capacities and effective transformation of results, which alleviated the pressure from declining prices of traditional products [1] Group 1: Financial Performance - The main business gross margin has further increased, indicating a positive shift in profitability structure [1] - The company has successfully supplied electronic-grade hexafluorobutadiene to leading domestic semiconductor clients, contributing to revenue growth [1] Group 2: Product Development - New products, including bromine hydride, have achieved small sales orders, showcasing ongoing progress in product transformation [1]

Core Viewpoint - Guangdong Huate Gas Co., Ltd. has decided not to adjust the conversion price of its convertible bonds, Huate Convertible Bonds, despite the triggering of the downward adjustment clause due to stock price fluctuations [2][9][10]. Summary by Sections Convertible Bond Issuance Overview - The company issued 6,460,000 convertible bonds with a total fundraising amount of RMB 646 million, netting RMB 638.18 million after expenses [3]. - The bonds are set to mature six years from the issuance date, specifically from March 21, 2023, to March 20, 2029 [3]. - The initial conversion price was set at RMB 84.22 per share, which was adjusted to RMB 83.81 on July 6, 2023, and further adjusted to RMB 83.75 on August 21, 2023 [4][5]. Downward Adjustment Clause for Conversion Price - The downward adjustment clause is triggered when the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days [7]. - The company has the authority to propose a downward adjustment, which requires a two-thirds majority approval from shareholders [7]. Decision on Non-Adjustment of Conversion Price - As of November 17, 2025, the stock price fell below RMB 70.31, triggering the adjustment clause [9]. - The board of directors decided not to adjust the conversion price, considering the short time since the bond's issuance and the impact of macroeconomic factors [9][10]. - The decision was made unanimously with 8 votes in favor and no opposition [10]. Future Considerations - The company will not propose a downward adjustment for the next six months, even if the conditions are met again [10]. - The next period for potential adjustment will start from May 18, 2026 [10].

Core Viewpoint - The company, Huate Gas, is positioned as a pioneer in the domestic specialty gas industry, successfully breaking into international markets and establishing a collaborative development model between domestic and overseas operations [1] Group 1 - The company exports products to over 50 countries and regions, making it one of the few domestic enterprises capable of bulk and diverse exports [1] - The company aims to leverage its advantages to meet the globalized demand of the industry chain, focusing on integrating product variety, industry chain, and regional aspects [1]