Core Viewpoint - The demand for suspension insulators in China is increasing due to urbanization and the need for upgraded electrical infrastructure, particularly in high-voltage transmission lines and smart grid construction, despite a temporary decline in market size in 2023 [1][12]. Industry Overview - Suspension insulators are critical components used to support and insulate high-voltage power lines, made from materials like glass, ceramics, and composite materials [3][5]. - The industry has evolved from simple ceramic and glass designs to advanced materials like silicone rubber and composites, enhancing performance and durability [5]. Market Dynamics - The market size for suspension insulators in China saw a continuous increase from 2020 to 2022, but experienced a 25.85% decline in 2023 due to insufficient domestic demand and intensified competition [1][12]. - A recovery is expected in 2024, with the market size projected to reach 4.134 billion yuan, reflecting a year-on-year increase of 78.86% driven by increased investment in ultra-high voltage networks [1][12]. Investment Trends - China's investment in the power grid is projected to grow from 469.9 billion yuan in 2020 to 608.3 billion yuan in 2024, with a 14.60% increase in the first four months of 2025 [10]. - This investment surge is anticipated to boost the demand for suspension insulators significantly, as they are essential for the construction and maintenance of power transmission systems [10]. Competitive Landscape - The Chinese suspension insulator market is characterized by numerous domestic companies, including Dalian Electric Porcelain Group, Nanjing Electric Group, and Zhejiang Jinlihua Electric Equipment, each with strengths in various market segments [16][17]. - Competition is fierce in the mid-to-low-end product market, while a few companies dominate the high-end market, particularly in ultra-high voltage insulators [16]. Export and Import Dynamics - China primarily exports suspension insulators, benefiting from competitive pricing, quality, and delivery times, while imports focus on high-performance insulators for specific applications [14]. - In the first four months of 2025, China imported 0.09 million tons and exported 11.12 million tons of insulators, indicating a strong export orientation [14]. Future Development Trends - The industry is moving towards smart insulators integrated with sensors for real-time monitoring of operational conditions, enhancing reliability and maintenance efficiency [21]. - There is a growing emphasis on developing high-performance products to meet the demands of high and ultra-high voltage transmission lines, necessitating increased R&D investments [22][23]. - The Belt and Road Initiative is opening new markets for suspension insulator companies, encouraging local production and technological collaboration to meet regional demands [24].

Core Viewpoint - The automotive industry is undergoing significant changes in payment terms and dealer operations, with many manufacturers committing to shorten payment periods to alleviate financial pressure on dealers [3][5]. Group 1: Payment Terms and Dealer Support - Starting from June 10, 17 automotive manufacturers, including Dongfeng, GAC, BYD, and Chery, have pledged to unify payment terms to within 60 days for suppliers [3]. - Notably, at least 7 manufacturers have committed to paying sales incentives and rebates to dealers within 60 days, including BMW, BAIC New Energy, and SAIC General [3]. - GAC Toyota will shift to a monthly rebate system, with 80% to 90% of rebates paid within 30 days and the remaining 10% to 20% within two months [5]. Group 2: Dealer Financial Challenges - The automotive dealership business is capital-intensive, relying heavily on financing and quick turnover, making cash flow critical for operations [5]. - Many dealers are currently facing losses due to price wars, with over 85% of dealers experiencing price discrepancies, and more than 60% facing discrepancies exceeding 15% [6]. - In the past year, over 4,000 dealers exited the market, doubling the rate of previous years, indicating significant operational pressures [6]. Group 3: Industry Restructuring and Trends - The automotive industry is witnessing a shift as luxury brands like BBA and Porsche reduce their dealer networks, with Mercedes-Benz planning to cut over 100 dealerships this year [6]. - The trend of "network reduction" and "transformation" is prevalent, as dealers adapt to changing market conditions and consumer preferences [6]. - Dealers focusing on new energy vehicles (NEVs) are performing better financially, with about half of NEV dealers reporting profits last year [7].

Core Viewpoint - The legal opinion provided by Jiangsu Yiyou Tianyuan Law Firm confirms that the 2024 annual general meeting of Chuangyuan Technology Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the meeting and its resolutions [1][15]. Group 1: Meeting Procedures - The board of directors approved the proposal to convene the 2024 annual general meeting on April 3, 2025 [2]. - A notice regarding the meeting was published on April 8, 2025, detailing the voting methods and logistics [2]. - The meeting took place on May 29, 2025, at 14:30, in Suzhou, and included both on-site and online voting [3]. Group 2: Attendance and Qualifications - The qualifications of attendees were verified against the shareholder register, confirming that 176 attendees represented 5,025,642 shares, accounting for 1.2441% of total shares [4]. - The meeting was convened by the board of directors, whose qualifications were deemed valid under applicable laws [5]. Group 3: Agenda and Voting Results - The meeting's agenda was proposed by the board and included specific resolutions without any amendments or new proposals [6]. - Voting was conducted through a combination of on-site and online methods, with results compiled according to regulations [6]. - The voting results showed overwhelming support for the resolutions, with the highest approval rate reaching 99.6646% for one of the proposals [8][9].

Group 1 - The board meeting of Chuangyuan Technology was held on May 26, 2025, through electronic means, with 9 directors participating in the voting [1] - The board approved the adjustment of the members of the specialized committees of the 11th board, with the proposal receiving 9 votes in favor, 0 against, and 0 abstentions [1] - The announcement confirms that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1]

法律意见书 江苏益友天元律师事务所 关于创元科技股份有限公司 2024年年度股东大会的法律意见书 致：创元科技股份有限公司 江苏益友天元律师事务所（下称"本所"）接受创元科技股份有限公司（下称 "公司"）的委托，指派陶奕律师、张自力律师（下称"本所律师"）出席了公司 2024 年年度股东大会（下称"本次股东大会"），对本次股东大会进行见证并发表法律 意见。 为出具本法律意见，本所律师审查了公司本次股东大会的有关文件和材料并 得到公司如下保证：公司向本所提供的用于出具本法律意见书所必需的原始书面 材料、副本材料、电子文档或口头陈述真实、完整、有效，不存在虚假陈述、重 大遗漏或隐瞒，所有副本材料与复印件均与原件一致。 本法律意见书仅供本次股东大会之目的使用，未经本所书面同意，本法律意 见书不得用于其它任何目的。本所律师同意将本法律意见书作为本次股东大会所 必备的法律文件进行公告，并愿意承担相应的法律责任。 本所律师依据《中华人民共和国公司法》（下称"《公司法》"）、《上市公 司股东会规则》等法律、法规、规范性文件及《创元科技股份有限公司章程》（下 称"《公司章程》"）的有关规定，按照律师行业公认的业务标准、道德规 ...

创元科技股份有限公司 2024 年年度股东大会决议公告（2025-033） 股票代码：000551 股票简称：创元科技 编号：2025-033 创元科技股份有限公司 2024 年年度股东大会决议公告 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、本次股东大会未出现否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、创元科技股份有限公司董事会于 2025 年 4 月 8 日在《证券时报》及巨潮资讯 网（http://www.cninfo.com.cn）披露了《创元科技股份有限公司关于召开 2024 年 年度股东大会的通知》（公告编号：2025-014）,于 2025 年 5 月 24 日披露了《关于 召开 2024 年年股东大会的提示性公告》（公告编号：2025-031）。 2、现场会议召开时间：2025 年 5 月 29 日 14:30 网络投票时间： 4、表决方式：采取现场投票与网络投票相结合的方式。 5、召集人：创元科技股份有限公司董事会 6、主持人：董事长、总经理 周成 ...

创元科技第十一届董事会 2025 年第四次临时会议决议公告（2025-034） 证券代码：000551 证券简称：创元科技 公告编号：2025-034 创元科技股份有限公司 第十一届董事会 2025 年第四次临时会议决议公告 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。 一、董事会会议召开情况 1、创元科技股份有限公司（简称"公司"）第十一届董事会 2025 年第四次临时会 议于 2025 年 5 月 26 日以电子邮件、传真和专人送达的形式向全体董事发出会议通知。 2、第十一届董事会 2025 年第四次临时会议于 2025 年 5 月 29 日以现场结合通讯表 决方式召开。 3、所有董事均已出席了本次董事会会议。本次董事会应参与表决的董事 9 名，实际 参与表决的董事 9 名。 4、本次董事会由董事长、总经理周成明先生主持，公司全体监事和部分高级管理人 员列席了本次会议。 5、本次董事会会议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。 二、董事会会议审议情况 经与会董事审议，通过了以下议案： （一）关于调整公司第十一届董事会专 ...

创元科技关于控股子公司苏州电瓷在国家电网预中标的自愿性信息披露公告（2025-032） 苏州电瓷在国家电网预中标的自愿性信息披露公告 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。 2025 年 5 月 27 日，国家电网有限公司（简称"国家电网"）通过其电子商务平 台发布了"国家电网有限公司 2025 年第十五批采购（特高压项目第二次材料招标采 购）推荐的中标候选人公示"（简称"公示"）。创元科技股份有限公司（简称"公 司"）控股子公司苏州电瓷厂股份有限公司（简称"苏州电瓷"）为推荐中标候选人， 现将有关情况提示如下： 一、项目概述 根据公示，苏州电瓷为国家电网有限公司 2025 年第十五批采购（特高压项目第 二次材料招标采购）～瓷绝缘子包 2、包 5 的推荐中标候选人（招标项目编号： 0711-25OTL04421009），预中标金额为 22,721.81 万元（含税），占公司 2024 年营 业收入的 4.80%。 上述中标公示媒体是国家电网电子商务平台，招标人为国家电网，详细内容请查 看国家电网公司电子商务平台：https://ecp.sgcc.com ...

创元科技关于召开 2024 年年度股东大会的提示性公告（2025-031） 证券代码：000551 证券简称：创元科技 编号：2025-031 创元科技股份有限公司 关于召开 2024 年年度股东大会的提示性公告 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，没有虚假记载、误导 性陈述或重大遗漏。 创元科技股份有限公司（简称"公司"）于 2025 年 4 月 8 日在《证券时报》 及巨潮资讯网（www.cninfo.com.cn）刊登了《关于召开 2024 年年度股东大会的 通知》（公告编号：2025-014）。本次股东大会采取现场表决与网络投票相结合 的方式，为切实保护广大投资者的合法权益，方便公司股东行使表决权，现将本 次股东大会的相关事宜提示如下： 一、召开会议的基本情况 1、股东大会届次：2024 年度股东大会。 2、股东大会的召集人：创元科技股份有限公司董事会。 2025 年 4 月 3 日，公司第十一届董事会第二次会议审议通过了《关于召开 2024 年年度股东大会的议案》，同意召开本次股东大会。 3、会议召开的合法、合规性：本次股东大会的召开符合有关法律、行政法 规、部门规章、规范性文 ...

Group 1: Company Performance - Suzhou Electric Porcelain achieved significant revenue growth in 2024 due to effective market strategies and timely completion of domestic and international orders [1][2] - The company maintains a leading position in the bidding process for the State Grid, leveraging its strong technical capabilities and extensive experience in the industry [2] - Suzhou Electric Porcelain's products are exported to over 40 countries, including Europe, America, and Australia, benefiting from the "Belt and Road" initiative [2] Group 2: Business Development Directions - Jiangsu Sujing focuses on expanding into three emerging sectors: new energy, health, and electronic information, enhancing its marketing capabilities to target high-end clients [3][4] - The company aims to adapt to market changes and increase its market penetration, ensuring high-quality development through resource integration [4] Group 3: Competitive Advantages - Suzhou Bearing has become a leading manufacturer in the domestic needle bearing sector, emphasizing a "specialized, refined, unique, and new" development approach [4] - Key competitive advantages include strong technology and R&D capabilities, quality and brand reputation, customer relationships, marketing networks, and management efficiency [4] - The company plans to continue investing in technological innovation to upgrade its product structure and explore new markets [4]