Meeting Overview - The company held its third (temporary) meeting of the tenth board of directors, which approved the proposal to convene the second temporary shareholders' meeting of 2025, in compliance with relevant laws and regulations [1][4]. Attendance and Voting - A total of 304 shareholders attended the meeting, representing 59.2531% of the total valid voting shares [1]. - Among the attendees, 295 were small shareholders, representing 4.9418% of the total valid voting shares [1]. Proposal Voting Results - Proposal 1: The financial service agreement with Zijin Mining Group Finance Co., Ltd. was approved with a majority vote [2]. - Proposal 2: The application for comprehensive bank credit and provision of guarantees by the company and its wholly-owned subsidiary was also approved [2]. - Proposal 3: The revision of the "Independent Director Work Rules" was passed [3]. - Proposal 4: The revision of the "Compensation Performance Management System for Directors and Senior Management" was approved [3]. Valid Voting Rights - The total share capital of the company is 1,570,225,745 shares, with 1,570,991 shares in the repurchase account not entitled to voting rights [4]. - The effective voting rights total 1,481,283,000 shares after accounting for shares with waived voting rights [4]. Legal Compliance - The meeting's convening, attendance, voting procedures, and results were confirmed to be in accordance with the Company Law of the People's Republic of China and relevant regulations [5].

证券代码：000408 证券简称：藏格矿业 公告编号：2025-063 藏格矿业股份有限公司 2025年第二次临时股东会决议公告 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 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议时间：2025年7月8日（星期二）下午2:30。 2、网络投票时间：2025 年 7 月 8 日（星期二）： A、通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 7 月 8 日 9:15～9:25，9:30～11:30，13:00～15:00； B、通过深圳证券交易所互联网投票系统投票的时间为：2025 年 7 月 8 日 9:15～15:00 期间的任意时间。 3、会议召开地点：青海省格尔木市昆仑南路 15-02 号 14 楼会议室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议召集人：藏格矿业股份有限公司（以下简称"公司"）第十届董事 会。 6、会议主持人：董事长吴健辉先生。 会议召开的合法、合规性 ...

青海树人律师事务所 关于藏格矿业股份有限公司 2025 年第二次临时股东会之 法律意见书 北京树成 · 青海树人 · 四川树业 | www.shurenlawfirm.com 法律意见书 青海树人律师事务所 致:藏格矿业股份有限公司 藏格矿业股份有限公司(以下简称"藏格矿业"或"公司"2025 年第二次临 时股东会会议（以下简称"本次会议"）于 2025 年 7 月 8 日下午 2:30 在青海省格 尔木市昆仑南路 15-02 号 14 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、张子杰律师出席本次会议,并就本次会议的 相关法律问题发表意见。为出具本法律意见书,本所律师依照《中华人民共和国 公司法》(以下简称"《公司法》")《中华人民共和国证券法》(以下简称"《证券法》") 《上市公司股东会规则》(以下简称"《股东会规则》")等法律、法规和规范性文 件及《藏格矿业股份有限公司章程》(以下简称"《公司章程》")的有关规定和要 求,对公司提供的与本次会议相关的文件、资料予以核查、验证,并就有关事项 向公司及有关人员予以询问、核实。 声 明 本所律师本次所发表的法律意见，系依 ...

Group 1 - The company held its first meeting of the second employee stock ownership plan on July 6, 2025, with 207 out of 210 holders attending, representing 96.47% of the total shares involved in the plan [1][2] - The meeting approved the establishment of a management committee for the second employee stock ownership plan to ensure its smooth operation and protect the rights of the holders [1][3] - The management committee consists of three members, elected by the holders, with the chairman selected by a majority vote among the committee members [2][3] Group 2 - The meeting also elected three members to the management committee, all of whom are company employees, ensuring no conflicts of interest with major shareholders or controlling entities [2][3] - The management committee was authorized to handle various matters related to the employee stock ownership plan, including initial and change registrations of shares, stock sales after lock-up periods, and distribution of benefits [3][4] - The authorization for the management committee is effective from the date of the meeting until the termination of the employee stock ownership plan [4]

Core Viewpoint - Since 2025, control transactions of listed companies have become increasingly active, with a 140% increase in announcements compared to the same period last year, indicating a trend towards restructuring and transformation in various industries [1][2]. Group 1: Control Transactions Overview - As of June 2025, 72 listed companies disclosed announcements regarding control changes, up from 30 in the same period last year [1]. - In June alone, 22 companies announced control changes, compared to only 2 in June of the previous year [1]. - Among these transactions, 31 companies utilized voting rights arrangements, including voting rights abandonment and delegation, to achieve control [1]. Group 2: Company Characteristics - The 31 companies involved in control changes span 14 different industries, with notable representation from electronics, textiles, and machinery [2]. - The majority of these companies are small-cap private enterprises, with over 70% having a market capitalization below 5 billion [2]. - 15 of the 31 companies reported negative net profits for 2024, indicating poor performance, with 13 of these experiencing a year-on-year decline in net profit [3]. Group 3: Voting Rights Arrangements - Out of the 31 companies, 19 chose to abandon voting rights, while 11 opted for voting rights delegation [4][7]. - The average share transfer ratio for companies using voting rights abandonment is approximately 21.89%, while the average for those using voting rights delegation is about 11.68% [8][9]. Group 4: Transaction Pricing - Control transaction prices have seen an increase compared to last year, with typical prices for control ranging from 300 million to 1 billion, depending on the company's market conditions [12][15]. - The average transaction price for companies with total transaction amounts below 500 million is approximately 345 million, while those between 500 million and 1 billion average around 730 million [15]. - Notably, *ST Taihe's control transaction exhibited a high premium of 199.28%, while Suo Ao Sensor's transaction was at a discount of nearly 20% [19][21]. Group 5: Factors Influencing Pricing - Factors affecting control transaction pricing include the anticipated future value of the acquiring company's industry, existing company issues, and the original controlling shareholder's willingness to negotiate [24].

藏格矿业股份有限公司（以下简称"公司"）第二期员工持股计划第一次持有 人会议于 2025 年 7 月 6 日以通讯方式召开。会议通知已于 2025 年 7 月 3 日以通 讯方式送达全体持有人。会议应出席持有人 210 名，实际出席 207 名，代表第二期 员工持股计划首次受让部分股份份额 173,746,350 份，占公司第二期员工持股计划 首次受让部分总份额的 96.47%。会议由董事会秘书李瑞雪先生召集和主持。会议 的召集召开、表决程序符合《藏格矿业股份有限公司第二期员工持股计划管理办法 （修订稿）》等的有关规定，会议合法有效。 证券代码：000408 证券简称：藏格矿业 公告编号：2025-062 藏格矿业股份有限公司 第二期员工持股计划第一次持有人会议决议公告 一、 二、 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 假记载、误导性陈述或重大遗漏。 一、持有人会议召开情况 二、持有人会议审议情况 （一）审议通过了《关于设立公司第二期员工持股计划管理委员会的议案》 为保证公司第二期员工持股计划的顺利进行，保障持有人的合法权益，根据 《藏格矿业股份有限公司第二期员工持股计划（修订稿） ...

Investment Rating - The investment rating for the non-ferrous metals industry is "Positive" (maintained) [4][106]. Core Views - The report highlights that copper prices are experiencing fluctuations due to the interplay of the 232 investigation and interest rate cut expectations, with recent price changes showing a mixed trend [5]. - The report emphasizes the importance of low inventory levels in supporting copper prices, while also noting the potential impact of the 232 copper import investigation and upcoming interest rate decisions by the Federal Reserve [5]. - The report suggests monitoring companies such as Zijin Mining, Luoyang Molybdenum, Jincheng Mining, and Western Mining for investment opportunities [5]. Summary by Sections 1. Industry Overview - The report provides insights into macroeconomic indicators, including U.S. employment data, which may influence market conditions [9]. - The non-ferrous metals sector's performance is analyzed, with the sector underperforming compared to the Shanghai Composite Index [11]. 2. Industrial Metals 2.1 Copper - Recent price movements show LME copper up by 0.25%, while SHFE copper is down by 0.24% [25]. - Inventory levels for copper have increased, indicating a potential shift in market dynamics [25]. 2.2 Aluminum - LME aluminum prices increased by 0.41%, with inventory levels also rising [35]. - The report notes a decrease in aluminum smelting profits, attributed to rising costs [35]. 2.3 Lead and Zinc - Lead prices have seen a slight increase, while zinc prices have decreased [48]. - Inventory levels for both metals are discussed, highlighting market supply conditions [48]. 2.4 Tin and Nickel - Tin prices have decreased slightly, while nickel prices have shown an upward trend [62]. - The report discusses profitability metrics for nickel producers in both domestic and international markets [62]. 3. Energy Metals 3.1 Lithium - Lithium prices have shown a slight rebound, with specific price changes noted for lithium carbonate and lithium spodumene [74]. - The report indicates that supply-side adjustments are anticipated, which may affect future pricing [74]. 3.2 Cobalt - Cobalt prices have increased domestically due to export bans from the Democratic Republic of Congo, which may create supply constraints [86]. - The report highlights the profitability of domestic cobalt refining operations [86].

Core Viewpoint - The Chinese M&A market in the first half of 2025 shows a significant trend of "decreased volume but increased value," with a total of 3,531 disclosed M&A events, a year-on-year decrease of 3.92%, while the transaction scale reached approximately 798.3 billion RMB, an increase of about 1.86% [1]. Group 1: Market Overview - In the first half of 2025, the Chinese M&A market disclosed 3,531 events, a decrease of 3.92% year-on-year, with a total transaction scale of approximately 798.3 billion RMB, an increase of 1.86% year-on-year [3]. - The top three regions for M&A activity were Shanghai (154.8 billion RMB, down 35.36%), Tianjin (143.9 billion RMB, up 76.95%), and Guangdong (132.0 billion RMB, down 41.56%) [6]. - The leading industries for M&A transactions were technology hardware and equipment (161.8 billion RMB, up 256.04%), materials (88.8 billion RMB, up 63.97%), and public utilities (74.0 billion RMB, up 196.55%) [9]. Group 2: M&A Transaction Types - Agreement acquisitions accounted for the largest share of M&A events, totaling 318.8 billion RMB, representing 37.96% of the overall scale; external absorption mergers followed with 145.5 billion RMB (17.33%); and capital increase M&A events totaled 104.4 billion RMB (12.43%) [11]. - Strategic cooperation M&A events totaled 185.2 billion RMB, making up 23.18% of the total transaction scale, while horizontal integration and privatization accounted for 113.6 billion RMB (14.22%) and 55.3 billion RMB (6.92%), respectively [13]. Group 3: M&A Scale Distribution - Transactions between 1 billion and 10 billion RMB accounted for the highest proportion of total transaction amounts at 36.06%, while transactions exceeding 10 billion RMB accounted for 34.46% [14]. - The top three M&A transactions by scale included: 1. Haiguang Information's acquisition of 100% of Zhongke Shuguang's shares for 115.967 billion RMB [18][20] 2. New Hope's subsidiary acquiring 65.89% of New Hope Energy for 55.297 billion RMB [19][20] 3. Xiangcai's merger with Dazhihui for 17.213 billion RMB [22][27]. Group 4: Financial Advisor Rankings - The top financial advisors by transaction scale based on the first announcement date in the first half of 2025 were: 1. CITIC Securities with 198.198 billion RMB [30] 2. CICC with 118.977 billion RMB [30] 3. China Post Securities with 115.967 billion RMB [30]. Group 5: Legal and Accounting Firms - The leading law firm by transaction scale was Guofeng Law Firm with 56.577 billion RMB [37]. - The top accounting firm was Zhongxi CPA with 57.248 billion RMB [40].

Group 1 - Shengde Xintai won a bid for a thermal power steel pipe project worth approximately 217 million yuan, accounting for 8.15% of its audited revenue for 2024 [1] - High-speed Electric's subsidiary won a project for the Shanghai-Nanjing-Hefei high-speed railway, with a bid amount of 71.76 million yuan [1] - Cangge Mining's subsidiary received a construction permit for a lithium-boron mining project, with a construction area of 106,900 square meters [2] Group 2 - China Electric Power Construction signed a mining transportation project contract in Guinea worth approximately 5.063 billion yuan, with a total duration of about 72 months [3] - Guobang Pharmaceutical's subsidiary completed the registration of an equity investment fund focusing on strategic emerging industries [4] - Deshi Co. obtained two invention patents related to oil and gas field development [5][26] Group 3 - Xue Tian Salt Industry expects a significant decrease in net profit for the first half of 2025, projecting a decline of 76.34% to 80.29% [6] - Rundu Co. received a drug registration certificate for moxifloxacin hydrochloride tablets, used for treating various bacterial infections [7] - China Nuclear Power reported a 15.65% increase in power generation in the first half of the year, with nuclear power generation up by 12.01% [8] Group 4 - Suqian Liansheng obtained two invention patents related to wastewater treatment methods [9] - Boshi Co. signed a 109 million yuan operation and maintenance service contract for solid product packaging [11] - *ST Sailong's subsidiary received a drug registration certificate for torasemide injection, used for various medical conditions [13] Group 5 - North Bay Port reported a 10.95% increase in cargo throughput for the first half of 2025, with container throughput also showing growth [14] - Kaiwei Te expects a revenue increase of 56.17% to 90.87% for the first half of 2025 [15] - Wankai New Materials plans to reduce production and conduct maintenance on 60,000 tons of PET capacity, affecting overall performance [16] Group 6 - Haiwang Bio's HW130 injection successfully completed Phase I clinical trials, showing good safety and tolerability [19] - Zhenai Meijia received a total of 22.8 million yuan in compensation for land acquisition, which will significantly impact its 2025 performance [20] - Changyuan Electric reported a 23.58% decrease in power generation in June, with a notable decline in thermal power generation [21] Group 7 - Shouxiangu's subsidiary completed the registration of two health food products [22] - Kailun Co. announced the resignation of its deputy general manager and board secretary [23] - Xibu Muye reported a 2.15% year-on-year increase in fresh milk production in June [24] Group 8 - Deshi Co. obtained two invention patents related to oil and gas field development [26] - Jingwei Huikai plans to acquire a 12.44% stake in Nuo Si Micro for 149 million yuan [27] - Electric Alloy completed the registration of its subsidiary in Mexico [29] Group 9 - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of 2025 [30] - Guizhou Moutai repurchased approximately 3.38 million shares, accounting for 0.2692% of its total share capital [31][32] - Warner Pharmaceutical received approval for the listing application of a raw material drug for treating respiratory diseases [34] Group 10 - Yuan Dong Bio's independent director is under investigation for serious violations [35] - Dash Intelligent signed a contract for a smart project worth 11.88 million yuan [36] - Dayou Energy plans to transfer 586,500 tons of coal production capacity replacement indicators [37] Group 11 - Foton Motor reported a 150.96% increase in new energy vehicle sales in the first half of 2025 [39] - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [40] - Zongshen Power expects a net profit increase of 70% to 100% for the first half of 2025 [42] Group 12 - Yingboer plans to sell its wholly-owned subsidiary for 239 million yuan [44] - Changan Automobile reported a 1.59% increase in total vehicle sales in the first half of 2025 [46] - Fulian Precision signed a cooperation framework agreement with Sichuan Development Longmang [48] Group 13 - Nengte Technology plans to repurchase shares worth 300 million to 500 million yuan [50] - Longsoft Technology's controlling shareholder donated 3.43% of the company's shares [51] - Data Port's shareholders plan to reduce their holdings by up to 2% [52]

证券代码：000408 证券简称：藏格矿业 公告编号：2025-061 藏格矿业股份有限公司 关于麻米措矿业取得 建筑工程施工许可证的自愿性信息披露公告 一、 二、 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 假记载、误导性陈述或重大遗漏。 近日，藏格矿业股份有限公司（以下简称"公司"）全资子公司藏格矿业投 资（成都）有限公司参与认购的江苏藏青新能源产业发展基金合伙企业（有限合 伙）投资控股的西藏阿里麻米措矿业开发有限公司（以下简称"麻米措矿业"） 收到了改则县住房和城乡建设局下发的《建筑工程施工许可证》，主要内容如下： 一、对公司的影响 麻米措矿业取得建筑工程施工许可证，用于"麻米错盐湖矿区锂硼矿开采项 目"建设，有利于扩充公司盐湖提锂的产能规模，提升公司核心竞争力和行业影 响力，符合公司发展战略及全体股东利益，为公司创造新的利润增长点。 二、风险提示 麻米错盐湖位于西藏阿里地区改则县，地处高原，自然环境恶劣，基础设施 不完善，可能存在项目建设不及预期的风险。敬请广大投资者理性投资，注意投 资风险。 特此公告。 藏格矿业股份有限公司董事会 2025 年 7 月 4 日 1 1、建设单位 ...