法律意见书 青海树人律师事务所 关于藏格矿业股份有限公司 2025 年第三次临时股东会之 法律意见书 法律意见书 青海树人律师事务所 关于藏格矿业股份有限公司 2025 年第三次临时股东会之 法律意见书 树律意见字【2025】第 83 号 致：藏格矿业股份有限公司 声 明 本所律师本次所发表的法律意见，系依据本法律意见书出具日以前发生或存在 的事实，并基于本所律师对有关法律、法规和规则的理解而形成。在本法律意见书 中，本所律师将就公司本次股东会的召集人资格、召集、召开程序、出席会议人员 的资格、会议的表决方式、表决程序、表决结果等事项进行审查和见证后发表法律 意见。 藏格矿业向本所承诺：其已经提供了出具本法律意见书所必需的、真实的原始 书面材料、副本材料；有关副本材料或复印件与原件一致。对于出具本法律意见书 1 藏格矿业股份有限公司（以下简称"藏格矿业"或"公司"）2025 年第三次 临时股东会会议（以下简称"本次会议"）于 2025 年 8 月 19 日下午 3:00 在成都 市高新区天府大道北段 1199 号 2 栋 19 楼会议室召开，青海树人律师事务所（以 下简称"本所"）接受公司委托，指派王雁律师、 ...

Core Insights - The article highlights a significant increase in merger and acquisition (M&A) activities in the first half of 2025, with 1,113 transactions amounting to 5,092.14 billion RMB, representing a 62.75% increase compared to the same period last year [5][10]. M&A Market Overview - In H1 2025, there were 919 newly disclosed M&A transactions with a total value of 3,553.89 billion RMB, while 360 transactions were completed, amounting to 1,907.19 billion RMB [5][10]. - The most active sectors for M&A included traditional industries (190 transactions, 17.07%), smart manufacturing (153 transactions, 13.75%), and energy and power (105 transactions, 9.43%) [7][10]. Sector Analysis - Traditional industries led the M&A market, with 156 transactions, followed by smart manufacturing (127 transactions) and energy and power (92 transactions) [10]. - The hardware sector had the largest disclosed transaction size at 1,163.06 billion RMB, followed by traditional industries (657.69 billion RMB) and cultural entertainment (329.75 billion RMB) [10]. Regional Distribution - M&A activities were predominantly concentrated in the eastern coastal regions of China, with Guangdong leading with 126 transactions, followed by Jiangsu (119 transactions) and Zhejiang (91 transactions) [13]. - Tianjin had the highest transaction value at 1,169.27 billion RMB, followed by Shanghai (367.14 billion RMB) and Guangdong (290.97 billion RMB) [13]. Target Company Characteristics - The majority of M&A transactions were in the range of under 10 million RMB, with 180 transactions in this category, accounting for 19.59% of the disclosed transaction value [15]. - Companies established between 5 to 10 years ago were the primary targets for M&A, comprising 26.33% of the total [17]. Public Company Acquisitions - In H1 2025, 55 publicly listed companies underwent changes in control, with four "A and A" transactions and one "A and H" transaction [20]. - Notable transactions included Haiguang Information's acquisition of Zhongke Shuguang for 1,159.60 billion RMB [21]. Acquisition Methods - Agreement-based acquisitions remained the dominant method, accounting for 78.50% of transactions, followed by share issuance for asset purchases (7.86%) and capital increases (6.01%) [23]. - The primary motive for acquisitions was horizontal integration, representing 64.67% of the market, aimed at market expansion and long-term development [25]. Institutional Participation - Institutions participated in 93 M&A transactions, primarily in traditional industries, energy and power, and automotive sectors [28]. - The largest institutional-led acquisition was the 137.29 billion RMB acquisition of Cangge Holdings by Zijin Mining [30].

通过天眼查大数据分析，藏格矿业股份有限公司共对外投资了14家企业，参与招投标项目2次，知识产 权方面有商标信息64条，专利信息9条，此外企业还拥有行政许可6个。 来源：金融界 藏格矿业最新一期业绩显示，截至2025中报，公司营业总收入16.78亿元、同比减少4.74%，归属净利润 18.00亿元，同比增长38.80%，扣非净利润18.08亿元，同比增长41.55%，流动比率7.260、速动比率 6.522、资产负债率7.03%。 天眼查商业履历信息显示，藏格矿业股份有限公司，成立于1996年，位于海西蒙古族藏族自治州，是一 家以从事化学原料和化学制品制造业为主的企业。企业注册资本157022.5745万人民币，实缴资本 154370.5235万人民币。公司法定代表人为吴健辉。 金融界消息 截至2025年8月14日收盘，藏格矿业（000408）报收于50.31元，下跌1.35%，换手率 0.59%，成交量9.25万手，成交金额4.68亿元。 资金流向方面，今日主力资金净流出4230.65万元，占比成交额9.04%。其中，超大单净流出3945.00万 元、占成交额8.43%，大单净流出285.64万元、占成交额0 ...

Meeting Information - The company will hold its third extraordinary general meeting of shareholders on August 19, 2025, at 3:00 PM in Chengdu [1][3] - The meeting will be conducted in a hybrid format, combining on-site and online voting [5][10] - The record date for shareholders to attend the meeting is August 13, 2025 [7] Voting Procedures - Shareholders can vote through the Shenzhen Stock Exchange trading system and the internet voting system on August 19, 2025, during specified time slots [4][19] - The voting process includes options for on-site attendance or proxy representation, with specific documentation required for both corporate and individual shareholders [11][12] Agenda and Proposals - The meeting will review proposals that have been approved by the company's board of directors, including the 2025 semi-annual profit distribution plan [10] - Special voting procedures will be in place for minority investors, ensuring their votes are counted separately [10] Registration and Attendance - Shareholders must register to attend the meeting either in person or via electronic means, with detailed requirements outlined for both corporate and individual shareholders [11][12] - The registration period for on-site attendance is set for August 18, 2025 [14] Additional Information - The company emphasizes that all attendees are responsible for their own travel and accommodation expenses [15] - Contact information for inquiries regarding the meeting is provided, including an email and phone number [14]

藏格矿业股份有限公司 根据藏格矿业股份有限公司（以下简称"公司"）第十届董事会第四次会议 决议决定于 2025 年 8 月 19 日（星期二）在成都市高新区天府大道北段 1199 号 2 栋 19 楼会议室以现场与网络表决相结合的方式召开 2025 年第三次临时股东会， 具体内容详见公司于 2025 年 8 月 2 日在巨潮资讯网（http://www.cninfo.com.cn） 披露的《关于召开 2025 年第三次临时股东会的通知》（公告编号：2025-072）。 为维护广大投资者的合法权益，方便公司各位股东行使股东会表决权，现将公司 召开 2025 年第三次临时股东会的有关事项提示如下： 一、召开会议的基本情况 1、会议届次：2025 年第三次临时股东会。 2、会议召集人：公司第十届董事会。 3、会议召开的合法、合规性：公司第十届董事会第四次会议审议通过了《关 于召开 2025 年第三次临时股东会的议案》，本次股东会的召开符合有关法律、 行政法规、部门规章、规范性文件和《公司章程》的规定。 关于召开2025年第三次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 ...

料 2025 年 8 月 19 日 藏格矿业股份有限公司 2025 年第三次临时股东会 会 议 资 | 2025 | 年第三次临时股东会会议须知 1 | | --- | --- | | 2025 | 年第三次临时股东会会议议程 3 | | 2025 | 年第三次临时股东会会议议案 4 | | | 议案一：关于 2025 年半年度利润分配方案的议案 5 | 藏格矿业 2025 年第三次临时股东会会议资料 藏格矿业股份有限公司 2025 年第三次临时股东会会议须知 为维护全体股东的合法权益，确保 2025 年第三次临时股东会（以下简称 "股东会"）的正常秩序和议事效率，保证股东会的顺利进行，根据中国证监 会相关法律法规、深圳证券交易所业务规则以及《藏格矿业股份有限公司章程》 等规定，特制定本须知： 一、经公司审核，符合条件参加本次股东会的股东、股东代表以及其他出 席人员可进入会场，公司有权拒绝不符合条件的人员进入会场。参会股东应当 按照通知时间准时到场，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，在此之后进场的股东可以列席会议，但无 权参与现场投票表决。在正式公布表决结果前，现 ...

Group 1 - The core viewpoint of the news is that Cangge Mining (藏格矿业) has shown a mixed performance in its latest financial results, with a decrease in total revenue but a significant increase in net profit [1] - As of August 12, 2025, Cangge Mining's stock closed at 50.51 yuan, with a slight increase of 0.1% and a trading volume of 77,800 hands, amounting to a transaction value of 391 million yuan [1] - The company's latest financial report indicates total revenue of 1.678 billion yuan, a year-on-year decrease of 4.74%, while net profit attributable to shareholders reached 1.8 billion yuan, a year-on-year increase of 38.80% [1] Group 2 - Cangge Mining has a current liquidity ratio of 7.260 and a quick ratio of 6.522, indicating strong short-term financial health [1] - The company has a low debt-to-asset ratio of 7.03%, suggesting a conservative approach to leverage [1] - Cangge Mining has made investments in 14 external companies and has participated in two bidding projects, showcasing its active engagement in business expansion [2]

Core Viewpoint - The rare metals sector is experiencing fluctuations, with the China Rare Metals Theme Index down by 1.43% as of August 12, 2025, while the Rare Metals ETF has shown a significant increase of 7.68% over the past week [1][4]. Group 1: Market Performance - As of August 11, 2025, the Rare Metals ETF has reached a new high in scale at 1.404 billion yuan, ranking first among comparable funds [4]. - The ETF's latest share count is 2.098 billion, also a three-month high, maintaining its leading position among similar funds [4]. - The ETF has seen a net inflow of 102 million yuan recently, with a total of 131 million yuan over the past five trading days [4]. Group 2: Stock Performance - The top ten weighted stocks in the China Rare Metals Theme Index account for 55.85% of the index, with notable companies including Northern Rare Earth, Salt Lake Co., and Luoyang Molybdenum [5]. - The performance of individual stocks has varied, with Jiangte Electric leading with a 4.38% increase, while Yongshan Lithium and others have seen declines [1][7]. Group 3: Supply and Demand Dynamics - The suspension of the Jiangxia Lithium Mine by CATL is expected to reduce domestic lithium supply by 8,300 tons per month, impacting the market balance and potentially driving lithium prices up [5]. - The ongoing strong demand for lithium batteries and a decrease in overseas lithium salt imports are expected to sustain the upward trend in lithium prices [5].

Market Overview - The A-share market showed a strong upward trend on August 11, with the ChiNext Index rising nearly 2% by midday [1] - The PEEK materials concept led the market, with companies like Zhongxin Fluorine Materials and Jinfat Technology hitting the daily limit [1] - Sectors such as gold, banking, electricity, and shipbuilding manufacturing experienced declines [1] Jihua Group - Jihua Group's stock price hit the daily limit down, with 4.1446 million shares on the limit, totaling nearly 2 billion yuan [2] - The stock had previously surged over 94% due to speculation in the military sector [2] - On August 8, Jihua Group announced it received a notice from the China Securities Regulatory Commission regarding an investigation for suspected information disclosure violations [4] - The company reported a projected net loss of 60 million to 80 million yuan for the first half of 2025, primarily due to reduced orders from key clients [4] - Jihua Group's losses exceeded 4.2 billion yuan in 2024, marking the highest loss since its listing [4] Lithium Mining Sector - Lithium mining stocks surged, with companies like Shengxin Lithium Energy and Tianqi Lithium hitting the daily limit [5] - The average stock price of lithium mining companies in A-shares increased by 15.68% year-to-date [10] - Ningde Times announced a temporary suspension of mining operations at the Jiangxi province's Jianxiawo lithium mine for at least three months [7] - The suspension could impact monthly supply by approximately 8,000 tons, accounting for 8% of domestic supply [9] - Several lithium companies, including Tianqi Lithium and Xizang Zhuofeng, are expected to report significant profit increases compared to the previous year [12] Financing and Investment Trends - Multiple lithium mining stocks received net inflows of financing in August, with Ningde Times, Tianqi Lithium, and Zhongmin Resources receiving 370 million yuan, 301 million yuan, and 168 million yuan respectively [13][14] - The financing activities indicate strong investor interest in the lithium sector amid supply concerns and positive earnings forecasts [10][12]

Core Viewpoint - The lithium mining sector experienced significant fluctuations, with major stocks seeing sharp increases while some companies faced severe declines due to regulatory issues and production halts. Group 1: Lithium Mining Sector Performance - Lithium stocks surged in early trading, with companies like Shengxin Lithium Energy and Tianqi Lithium hitting the daily limit up, while others like Jiangte Electric saw increases of over 9% [3] - The price of lithium carbonate futures reached a limit up, with a reported increase of 8%, reaching 81,000 yuan per ton, driven by supply concerns following production halts [4] Group 2: Company-Specific Developments - Jihua Group's stock hit a daily limit down, with 4.1446 million shares on the limit down board, totaling nearly 2 billion yuan, following a regulatory announcement regarding information disclosure violations [2] - Jihua Group projected a net loss of 60 to 80 million yuan for the first half of 2025, primarily due to reduced orders from key clients, leading to a significant drop in revenue [2] - Ningde Times announced a temporary suspension of mining operations at its Yichun project, which is expected to last at least three months, impacting overall production but deemed manageable for the company's operations [3] Group 3: Market Reactions and Future Outlook - The market reacted to the news of production halts, with fears of supply shortages exacerbated by previous environmental compliance issues affecting other mines in Jiangxi [4] - Several lithium concept stocks have seen net inflows from institutional investors, with an average price increase of 15.68% year-to-date, indicating strong market interest [5] - Companies like Cangge Mining and Tianqi Lithium are expected to report improved profitability, with Tianqi projecting a net profit of up to 155 million yuan, a significant turnaround from a loss of 5.206 billion yuan in the previous year [6]