信息披露义务人 3：广州市石磐石投资管理有限公司 住所/通讯地址：广州市白云区黄园路 135 号 3 栋 1015 房 股份变动性质：公司实际控制人《一致行动人协议》到期不再续签，所持股 份不再合并计算导致的权益变动 签署日期：2026 年 1 月 22 日 广东聚石化学股份有限公司 简式权益变动报告书 上市公司名称：广东聚石化学股份有限公司 股票上市地点：上海证券交易所 股票简称：聚石化学 股票代码：688669 信息披露义务人 1：陈钢 通讯地址：广东省清远市高新技术产业开发区雄兴工业城 B6 信息披露义务人 2：杨正高 通讯地址：广东省清远市高新技术产业开发区雄兴工业城 B6 信息披露义务人声明 | | | 第一节 释义 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公司 信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称《" 准则 15 号》"） 及相关的法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则 ...

Core Viewpoint - The announcement indicates a significant change in the control structure of Ju Shi Chemical, with Chen Gang becoming the sole actual controller after the termination of the agreement with Yang Zhenggao [1] Group 1: Shareholding Changes - The agreement between Chen Gang and Yang Zhenggao, which established their joint action relationship, will expire on January 25, 2026, and will not be renewed [1] - Following the termination of this agreement, Chen Gang will control a total of 44.42% of the company's shares through direct holdings and his control over Guangzhou Shipan Stone Investment Management Co., Ltd [1] - Yang Zhenggao will hold a direct shareholding of 3.54% and will no longer be in a joint action relationship with Chen Gang [1] Group 2: Impact on Company Structure - The change in shareholding does not involve any increase or decrease in the number of shares [1] - The rights change has already taken effect, indicating a completed transition in control [1]

Core Insights - The financial misconduct of Ju Shi Chemical involves significant amounts, with inflated revenue of 157 million yuan, inflated costs of 158 million yuan, and a reduced profit of 1.66 million yuan, representing 8.32% of the total revenue for the period [2][8] Investigation Findings - The Guangdong Securities Regulatory Commission identified that the company manipulated its financial statements through various fictitious trading activities. The fraudulent transactions were conducted in three main ways: 1. The subsidiary Guan Zhen Technology controlled four trading companies to engage in fictitious trades without actual goods 2. The company intervened in third-party trade chains for polypropylene, relying solely on self-made transfer documents 3. The subsidiary Anhui Ju Run Trading Co., Ltd. sold goods to clients without actual shipment and later repurchased them at a markup, creating a cycle of fictitious transactions [3][9][11] Penalty Details - The Guangdong Securities Regulatory Commission proposed a total fine of 6.7 million yuan against Ju Shi Chemical and related responsible individuals. The company is required to rectify its practices and has been fined 2.4 million yuan. Specific penalties include: - 1.8 million yuan for the then Chairman and General Manager Chen Gang - 900,000 yuan for the then Director and Deputy General Manager Liu Penghui - 800,000 yuan for the then Director and Chief Financial Officer Wu Yang - 800,000 yuan for the then General Manager of Guan Zhen Technology Xu Jianjun - The penalties are based on violations of the Securities Law, indicating that the company failed to ensure the accuracy and truthfulness of the information disclosed in its 2023 semi-annual report [4][10]

Group 1: Ctrip Investigation - Ctrip Group is under investigation for alleged monopolistic behavior by the State Administration for Market Regulation, based on the Anti-Monopoly Law of the People's Republic of China [1] - Following the announcement, Ctrip's stock fell significantly, with a 6.49% drop in Hong Kong shares and a 17% decline in U.S. shares, leading to a market value loss exceeding 100 billion RMB [1] Group 2: Battery Recycling Regulations - China is entering a phase of large-scale retirement of power batteries, with projections indicating that over 1 million tons of waste batteries will be generated by 2030 [2] - The newly released management measures aim to regulate the recycling and utilization of power batteries, emphasizing the importance of legal frameworks to prevent environmental pollution and resource wastage [2] Group 3: Weather and Climate - The World Meteorological Organization confirmed that 2025 is projected to be one of the hottest years on record, with the past 11 years being the hottest ever recorded [3] - The average temperature from 2023 to 2025 is expected to be 1.48°C higher than pre-industrial levels, indicating a persistent trend of global warming [3] Group 4: JuShi Chemical Penalty - JuShi Chemical has been penalized 6.7 million RMB for inflating revenue, costs, and profits through false trade activities, with significant impacts on their financial statements [4] - The inflated revenue amounted to 157 million RMB, representing 8.32% of total revenue for the first half of 2023 [4] Group 5: Perfect World Corruption Case - Perfect World reported that three art department heads were detained for corruption, with ongoing investigations revealing multiple cases of employee misconduct [5] - The company has filed reports with law enforcement regarding these incidents, which involve employees colluding with suppliers [5] Group 6: TianCi Materials Legal Judgment - TianCi Materials' subsidiary received a criminal judgment for commercial secret infringement, resulting in a fine of 20 million RMB for the company and prison sentences for involved individuals [6] - The judgment highlights the legal risks associated with commercial secret violations in the industry [6] Group 7: XinNing Logistics Lawsuit - XinNing Logistics has filed a lawsuit against Zhuhai Guanyu, seeking compensation of 64.5264 million RMB for damages caused by a fire linked to Guanyu's lithium batteries [7] - The case has been accepted by the court, but the impact on the company's profits remains uncertain [7]

Group 1 - Ctrip Group is under investigation for alleged monopolistic behavior, leading to a significant market reaction with a stock drop of 6.49% in Hong Kong and 17% in the US, resulting in a market value loss exceeding 100 billion RMB [2] - The Chinese government is set to enter a phase of large-scale retirement of power batteries, with projections indicating that over 1 million tons of waste batteries will be generated by 2030, necessitating effective recycling and management measures [3] - The World Meteorological Organization has confirmed that 2025 will be one of the hottest years on record, with the past 11 years being the hottest ever recorded, indicating a persistent trend of global warming [4][5] Group 2 - JuShi Chemical has been penalized 6.7 million RMB for inflating revenue, costs, and profits through false trading activities, with significant impacts on its financial statements [6] - Perfect World announced that three art department heads have been detained for corruption, with ongoing investigations into employee and supplier collusion affecting company interests [7] - TianCi Materials' subsidiary received a criminal judgment for commercial secret infringement, resulting in substantial fines and prison sentences for the involved parties [8] - XinNing Logistics has filed a lawsuit against Zhuhai Guanyu for compensation of 64.52 million RMB due to damages from a fire incident linked to the company's lithium batteries [9]

Regulatory Actions - Multiple listed companies are facing regulatory scrutiny for information disclosure violations, with Tianpu Co. and Xiangrikui being investigated, while Jushi Chemical received a pre-penalty notice [1][2][3] - ST Huilun and Langjin Technology have received administrative penalty decisions for various violations, including failure to disclose fund occupation and false financial reporting [4] Risk Warning Adjustments - New Asia Process and Yishite successfully removed risk warnings and changed their stock names, indicating improved market recognition after rectification [5] - ST Ningke has also had its delisting risk warning lifted, reflecting the resolution of previous issues related to timely information disclosure [5] Investor Litigation - Investors represented by the Xie Liang lawyer team have won a first-instance judgment against ST Renzihang for securities fraud, allowing eligible investors to register for compensation [6] - The case revealed that ST Renzihang had inflated revenue and profits through fictitious transactions, leading to significant financial misstatements in their reports [6] Compensation Conditions - Preliminary conditions for investor compensation have been outlined, specifying the time frames and stock purchase conditions for various companies involved in the regulatory actions [7] - Investors who meet these conditions can register their losses through designated platforms for potential legal action [8]

Core Viewpoint - Guangdong Jushi Chemical Co., Ltd. (stock code: 688669) is facing administrative penalties for alleged securities fraud, specifically for false disclosures related to inflated revenues, costs, and profits through fictitious trade activities [1][4]. Summary by Relevant Sections Allegations and Findings - The Guangdong Securities Regulatory Bureau has identified that Jushi Chemical and its subsidiaries engaged in false trade activities to inflate financial figures. This includes controlling four trading companies to conduct non-existent trades and manipulating trade chains without commercial substance [4]. - The company reported inflated operating income of approximately 156.81 million yuan, inflated operating costs of about 158.47 million yuan, and a reduced profit of around 1.66 million yuan for the first half of 2023, representing 8.32%, 8.51%, and 6.81% of total revenue, costs, and profit respectively [4]. Penalties - The regulatory body plans to impose a fine of 2.4 million yuan on Jushi Chemical, along with warnings to the responsible personnel and additional fines [4]. Investor Compensation - Investors affected by the alleged fraud can file for compensation under the Supreme People's Court's judicial interpretation regarding false statements. This includes claims for losses incurred from the stock's price difference, commissions, and stamp duty [5]. - Investors who purchased Jushi Chemical shares between August 29, 2023, and November 21, 2025, and still hold them as of the latter date are eligible to seek compensation, subject to court validation [5].

Core Viewpoint - 聚石化学 has been found to have engaged in fraudulent trading practices, resulting in inflated revenue and reduced profits, leading to regulatory penalties and ongoing financial struggles [3][5][10] Group 1: Regulatory Actions - 聚石化学 received an administrative penalty notice from the Guangdong Securities Regulatory Bureau, proposing a fine of 2.4 million yuan and a warning for violations related to information disclosure [5][6] - The company and four executives were collectively fined 6.7 million yuan for their involvement in the fraudulent activities [7][10] - The company has stated that it began rectifying the issues related to its trading practices in April 2024 [7][8] Group 2: Financial Performance - In 2023, 聚石化学 inflated its revenue by 157 million yuan and reduced its profits by 1.66 million yuan through false trading activities, which accounted for 8.32% of total revenue and 6.81% of total profit [5][6] - For the first three quarters of 2025, the company reported a revenue of 2.963 billion yuan, a year-on-year decrease of 7.17%, and a net profit loss of 24.53 million yuan [10] - The cumulative net profit loss over the past three years reached 255 million yuan, indicating ongoing financial difficulties [10] Group 3: Corporate Governance and Management - 聚石化学's former subsidiary, Guangdong Guanzhen Technology Co., failed to meet its three-year performance commitments and was sold in 2025 due to losses [4][10] - The company has faced scrutiny over its auditing practices, with its auditing firm receiving warnings for non-compliance in the audit of 聚石化学's financial statements [8][9] - Recent insider trading activity was noted, with a board member reducing their stake in the company [10]

Core Viewpoint - 聚石化学 is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for violations related to information disclosure and fraudulent trading practices [1][2][3] Group 1: Violations and Penalties - 聚石化学 and its subsidiaries engaged in fictitious trading activities to inflate revenue, costs, and profits, resulting in a reported inflated revenue of approximately 156.81 million yuan, inflated costs of about 158.47 million yuan, and a profit reduction of around 1.66 million yuan for the first half of 2023 [2] - The CSRC has proposed penalties including a warning and a fine of 2.4 million yuan for 聚石化学, along with fines for key executives: 1.8 million yuan for 陈钢, 900,000 yuan for 刘鹏辉, 800,000 yuan for 伍洋, and 800,000 yuan for 徐建军 [4] Group 2: Financial Performance - 聚石化学 has reported declining financial performance, with revenues of 3.685 billion yuan in 2023, 4.08 billion yuan in 2024, and 1.977 billion yuan in the first half of 2025, alongside net profits of 29 million yuan, -236 million yuan, and 3 million yuan respectively [8] - The company has experienced continuous losses in its net profit excluding non-recurring gains and losses for two and a half years, indicating ongoing financial struggles [8] Group 3: Stock Market Activity - 聚石化学 was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 25, 2021, with an initial public offering price of 36.65 yuan per share, but the stock has since fallen below its initial price [6] - The company has planned to raise up to 400 million yuan through a private placement of A-shares, aimed at supplementing working capital [7]

Core Viewpoint - Guangdong Jushi Chemical Co., Ltd. (stock code: 688669) is facing administrative penalties for violations related to information disclosure, specifically for engaging in fictitious trade activities to inflate revenue, costs, and profits [2][6]. Group 1: Violations and Financial Impact - Jushi Chemical and its subsidiaries inflated revenue by CNY 156,807,377.35, costs by CNY 158,470,264.89, and reduced profits by CNY 1,662,887.54 in the first half of 2023, representing 8.32%, 8.51%, and 6.81% of total revenue, total costs, and total profit respectively [2][6]. - The company was found to have engaged in fictitious trade with four companies controlled by its subsidiary, Guangdong Guanzhen Technology Co., Ltd., involving transactions without actual goods [2][6]. Group 2: Regulatory Actions and Legal Implications - The China Securities Regulatory Commission (CSRC) Guangdong Bureau plans to issue a warning and impose fines on Jushi Chemical and its responsible personnel [2][6]. - Previous audits by Zhongxinghua Accounting Firm revealed four significant irregularities, leading to a warning from the CSRC [7]. - Investors affected by the company's actions can seek civil compensation for losses incurred due to the company's false statements, which may include investment differences, commissions, and stamp duties [7][8]. Group 3: Investor Compensation Process - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased Jushi Chemical's securities between August 29, 2023, and November 21, 2025, and who sold or continued to hold them after November 22, 2025 [8]. - Investors must provide specific documentation, including a copy of their ID, securities account information, and transaction records to register for compensation [9].