北京大成(广州)律师事务所 关于孚能科技(赣州) 股份有限公司 2025 年 第 三 次 临 时 股 东 大 会 的 手 大成DENTONS 大成 is Dentons' Preferred Law Firm in China. 北京大成(广州)律师事务所 www.dentons.cn 广州市天河区珠江新城珠江东路６号广州周大福金融中心 14 层、15 层（510623) 14/F, 15/F CTF Finance Centre, No.6 Zhujiang East Road, Tianhe District, 510623, Guangzhou, China Tel: +86 20-85277006 Fax: +86 20-85277002 dentons.cn 北京大成（广州）律师事务所 关于孚能科技（赣州）股份有限公司 2025 年第三次临时股东大会的 法律意见书 致：孚能科技（赣州）股份有限公司 北京大成（广州）律师事务所（以下简称"本所"）接受孚能科技（赣州）股份有 限公司（以下简称"公司"）的委托，就公司召开 2025 年第三次临时股东大会（以下简 称"本次股东大会"）的有关事宜，根据《中华人 ...

Core Viewpoint - The company, Shanhe Intelligent (002097.SZ), announced a procurement framework agreement between its subsidiary, Hunan Bobang Shanhe New Materials Co., Ltd., and its related party, Ganfeng Technology (Ganzhou) Co., Ltd., for the supply of lithium iron phosphate battery anode materials and ternary lithium battery anode materials, with a total estimated amount not exceeding 117.5 million yuan [1] Group 1 - Shanhe Intelligent's subsidiary, Hunan Bobang Shanhe New Materials Co., Ltd., is entering into a procurement framework agreement [1] - The agreement involves the procurement of lithium iron phosphate and ternary lithium battery anode materials [1] - The total estimated amount of the agreement is expected to be no more than 117.5 million yuan [1]

Core Viewpoint - The article highlights the significant growth of Chinese battery companies, particularly Funeng Technology, in overseas markets, which has become a new growth curve for their performance. Group 1: Overseas Market Performance - Funeng Technology reported that its overseas main business revenue for the first half of 2025 is expected to reach 3.638 billion yuan, with international cooperation with companies like Mercedes, TOGG, and Mahindra Group [3] - From 2020 to 2024, Funeng Technology's overseas market revenue increased from 249 million yuan to 8.66 billion yuan, with overseas revenue accounting for over 70% by 2024 [4] - In the first half of 2025, revenue is projected to be 4.353 billion yuan, with overseas revenue further increasing to 83.6%, becoming a core support for performance [4] Group 2: Key Partnerships and Collaborations - Funeng Technology's core overseas clients include Mercedes, Siro, and Mahindra, with a partnership to supply batteries for Mercedes EQ series mid-to-high-end models [5] - In 2023, Funeng collaborated with Mahindra to supply soft-pack batteries for its first pure electric SUV, XUV400, with a supply period of three years [6] - A joint venture with Turkish electric vehicle manufacturer Togg established Siro, which provides batteries for all its models, including the T10X, with a production capacity of 6GWh [6] Group 3: Product Development and Market Expansion - Funeng Technology is expanding its product offerings from automotive batteries to emerging markets such as low-altitude economy and humanoid robots [8] - The company has achieved GWh-level shipments and anticipates significant growth in semi-solid battery shipments by 2026, with a focus on performance and cost advantages [9] - In the all-solid-state battery sector, Funeng is advancing from laboratory to pilot production, with plans to deliver the first generation of solid-state batteries by the end of 2025 [10] Group 4: Future Outlook - Funeng Technology aims to further enhance its market presence in SPS products and solid-state batteries, targeting overseas markets to increase profit margins [11]

Core Viewpoint - Company Fudi Technology (孚能科技) is advancing its all-solid-state battery technology, achieving significant energy density improvements and meeting safety performance expectations from clients [1] Group 1: Technology Development - The all-solid-state battery developed by the company utilizes a combination of sulfide solid electrolyte, high nickel ternary materials, and high silicon anodes, achieving an energy density of 400 Wh/kg [1] - The second-generation sulfide all-solid-state battery has completed technical development, featuring a lithium-rich manganese-based/high nickel ternary cathode and lithium metal anode, with an enhanced energy density of 500 Wh/kg and thermal runaway self-shutdown functionality [1] Group 2: Safety and Performance - The company's products have passed rigorous safety tests, including puncture, 250°C thermal box, and shear tests, with customer feedback indicating that performance and safety meet expectations [1] Group 3: Production and Delivery - The company is steadily advancing the construction of a 0.2 GWh pilot line for sulfide all-solid-state batteries to ensure small batch deliveries for strategic customers [1]

Group 1: Fiscal Revenue and Budget - In the first eight months of 2025, the national general public budget revenue reached 148198 billion yuan, showing a year-on-year growth of 0.3% [1] - Tax revenue amounted to 121085 billion yuan, with a slight increase of 0.02% year-on-year, while non-tax revenue was 27113 billion yuan, growing by 1.5% [1] - Central government budget revenue was 64268 billion yuan, reflecting a year-on-year decline of 1.7%, whereas local government budget revenue was 83930 billion yuan, increasing by 1.8% [1] Group 2: Smart Connected Vehicles - The Ministry of Industry and Information Technology is soliciting public opinions on mandatory national standards for smart connected vehicle combination driving assistance systems [2] - The proposed standards aim to establish a safety baseline for smart connected vehicle products, requiring systems to activate only under designed operating conditions [2] - The standards include comprehensive safety technical requirements covering human-machine interaction, functional safety, information security, and data recording, creating a "triple safety guarantee" [2] Group 3: Service Consumption Policies - The Ministry of Commerce plans to introduce a series of specialized documents to promote high-quality development in the accommodation industry and the integration of railways and tourism [3] - Over 30 policies have already been implemented to establish a "1+N" policy system for service consumption [3] Group 4: Financial Support for Consumption - The People's Bank of China is actively supporting qualified financial institutions to issue financial bonds and credit asset-backed securities to enhance consumer credit supply capacity [4] - From January to July this year, automotive financial companies issued financial bonds totaling 215 billion yuan and credit asset-backed securities amounting to 484 billion yuan [4] Group 5: Corporate News - Shanghai Construction Group reported that its gold business revenue constitutes a low proportion of total operating income [6] - NIO received an investment of 1.16 billion USD [6] - New materials company plans to reduce its stake by no more than 2% [6] - Huazhu Group intends to invest up to 10 billion yuan in financial products [6] - Several companies, including Maimai Bio and Xinyuan Technology, are involved in significant partnerships and developments [6]

Core Viewpoint - The article highlights the advancements and strategic developments of Funeng Technology in the solid-state and semi-solid-state battery sectors, emphasizing their product roadmap and partnerships with key players in the electric vehicle and low-altitude economy markets [3][4][5]. Group 1: Product Development - Funeng Technology plans to deliver its first batch of 60Ah sulfide all-solid-state batteries by the end of this year, achieving an energy density of 400Wh/kg [3]. - The company is accelerating the construction of a 0.2GWh pilot line for sulfide all-solid-state batteries, with plans to scale up to GWh level by 2026 [3]. - The product iteration roadmap includes: - First generation (end of 2025): High nickel ternary cathode + high silicon anode, 400Wh/kg [3]. - Second generation (2026): Lithium-rich manganese-based/high nickel cathode + lithium metal anode, energy density increased to 500Wh/kg [4]. - Third generation (2027): Achieving energy density above 500Wh/kg [4]. Group 2: Market Engagement - Funeng's all-solid-state batteries have attracted interest from several well-known new energy vehicle manufacturers and have been sampled to humanoid robot companies and low-altitude economy clients [4]. - The first generation of sulfide all-solid-state batteries has been sampled to leading humanoid robot companies, with performance and safety feedback meeting expectations [4]. - The product has passed rigorous safety tests, supporting humanoid robots for 8-12 hours of continuous operation, significantly improving upon the current industry standard of less than 2 hours [4]. Group 3: Financial Performance - Funeng Technology's semi-solid-state batteries have achieved GWh-level shipments, with the second generation (energy density > 330Wh/kg) set for mass production and already attracting interest from low-altitude economy clients [5]. - The company reported revenue of 4.353 billion yuan in the first half of 2025, with a significant reduction in net losses and a 122.79% increase in operating cash flow [5]. - R&D investment has increased to 6.81% of revenue, indicating a commitment to technology development despite market challenges [5]. Group 4: Strategic Partnerships - Guangzhou Industrial Control Group has become the controlling shareholder of Funeng Technology, enhancing its strategic positioning [5][6]. - A strategic cooperation agreement was signed between Guangzhou Industrial Control Group and Guangdong Energy Group to collaborate on comprehensive energy services, energy conservation, and new energy storage [6]. - Funeng aims to deepen its integration into the Guangzhou new energy vehicle and low-altitude economy industry chains, leveraging state-owned platforms to enhance financing capabilities and overseas expansion efficiency [7].

孚能科技（688567.SH）9月17日在投资者互动平台表示，公司目前暂未在海南部署新的项目。在人形 机器人领域，公司已完成向某头部人形机器客户送样硫化物全固态电池，并同步推进与多家行业头部客 户的需求对接，相关进展顺利。具体客户情况属于商业保密范畴，请关注公司信息披露！ （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请孚能有没有在海南部署新的项目？孚能有没有向特 斯拉机器人送固态或半固态电池样品？ ...

Domestic News - The Ministry of Industry and Information Technology issued guidelines for the digital transformation of key industries, including 14 industry scenario maps for 2025, focusing on sectors like new energy vehicles and lithium batteries [7] - Suzhou released an "Artificial Intelligence+" city action plan aiming to gather over 3,000 AI companies by the end of 2026, with an annual growth rate of over 20% in the core scale of the smart economy industry [8] - Changan Automobile signed a strategic cooperation agreement with China Guoxin, aiming to deepen collaboration in investment and technology innovation to promote high-quality development in the automotive industry [9] - GAC Group and Huawei are jointly launching a new high-end smart electric vehicle brand named "Qijing," which will integrate Huawei's intelligent technology [10] - Jietu announced the launch of three fuel-powered SUV models in the European market, starting with Poland in November [11] - Avita Technology signed a business cooperation framework agreement with Agricultural Bank of China, focusing on technology research and market expansion [12] - Yangjie Technology and Xingyu Co., Ltd. signed a strategic cooperation agreement to enhance collaboration in automotive vision systems and semiconductor technology [13] - Funeng Technology plans to mass-produce its third-generation semi-solid-state battery by 2026, aiming for an energy density of over 500Wh/kg [14] Foreign News - Suzuki announced that its first pure electric vehicle, the e-VITARA, will be launched in Japan on January 16, 2026, with a starting price of 3.993 million yen (approximately 193,000 RMB) and a range of over 430 kilometers on a single charge [15][16] - SK On established a pilot factory for solid-state batteries in Daejeon, South Korea, with plans for commercial production by 2029, one year earlier than previously announced [17] - Toyota launched the e-Palette, a pure electric vehicle designed for mobile stores, aiming to incorporate L4-level autonomous driving technology by 2027 [18] - Nissan and Mitsubishi will introduce a new electric vehicle model in Europe, with Mitsubishi's Eclipse Cross being the first pure electric SUV for the European market [19] Commercial Vehicles - Proton Automobile and Western Intelligent Network held a dual delivery ceremony for new energy vehicles and ultra-fast charging systems, marking a significant milestone in their collaborative strategy [20] - Weichai's new high-end light truck, the Blue Power X7, was officially launched in Fujian, targeting the growing demand for high-end new energy logistics vehicles [21] - The Faist Group launched a new agricultural machinery brand, "Faist·Zhikun," marking its entry into the agricultural transmission field [22] - King Long showcased its products at the BRICS New Industrial Revolution Forum, highlighting its autonomous driving buses and new energy vehicles [23]

Core Viewpoint - Company has successfully developed ultra-large capacity energy storage cells based on its self-developed large-format stacking process platform and innovative metal soft-pack structure technology [1] Group 1 - Company is leveraging its proprietary technology to enhance energy storage solutions [1] - The new energy storage cells are expected to contribute to advancements in the energy sector [1]

人民财讯9月17日电，孚能科技(688567)9月17日在互动平台表示，公司目前暂未在海南部署新的项目。 在人形机器人领域，公司已完成向某头部人形机器客户送样硫化物全固态电池，并同步推进与多家行业 头部客户的需求对接，相关进展顺利。 ...