Core Viewpoint - *ST Baoshi (000595.SZ) announced a plan for the transfer of shares from its controlling shareholder Ning Guoyun to the State Power Investment Corporation, aimed at optimizing resource allocation and advancing the new energy system construction [1] Group 1 - The share transfer involves 206,896,551 A-shares, representing 18.17% of the total share capital of Baota Industrial [1] - The share transfer is still pending approval and has not yet completed all decision-making procedures or signed relevant agreements [1] - If approved, the direct controlling shareholder will change from Ning Guoyun to the State Power Investment Corporation, but the actual controller will remain the Ningxia Hui Autonomous Region People's Government [1]

Core Viewpoint - The company *ST Baoshi (000595) announced that its controlling shareholder, Ning Guoyun, plans to transfer 207 million A-shares (18.17% of the total share capital) to Ningxia Electric Power Investment Group Co., Ltd. for free, aiming to further integrate the energy sector and promote the construction of a new energy system [1] Group 1 - The share transfer is part of a strategy to consolidate the energy sector under Ning Guoyun [1] - If approved, the controlling shareholder will change from Ning Guoyun to Ningxia Electric Power Investment Group [1]

Group 1 - The core point of the news is the proposed transfer of shares from Ningguo Yun to Ningxia Electric Power Investment Group, which aims to optimize resource allocation within the energy sector [1][2] - The share transfer involves 206,896,551 A-shares, representing 18.17% of the total share capital of Baota Industrial [2] - The transfer is part of a strategy to integrate the energy sector and promote the construction of a new energy system [2] Group 2 - The transfer is classified as an internal equity transfer among state-owned enterprises and will not change the actual controller of the company, which remains the Ningxia Hui Autonomous Region People's Government [1] - As of the announcement date, the share transfer has not completed all decision-making procedures and relevant agreements have not been signed [1]

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 宝塔实业股份有限公司关于 控股股东拟发生变更的提示性公告 证券代码：000595 证券简称：*ST 宝实 公告编号：2025-101 重要内容提示： 漏。 1.若本次股权无偿划转事项顺利实施，宝塔实业股份有 限公司（以下简称"公司""宝塔实业"）直接控股股东将由宁 夏国有资本运营集团有限责任公司（以下简称"宁国运"）变 更为宁夏电力投资集团有限公司（以下简称"电投集团"）， 宁国运为间接控股股东。本次股权无偿划转事项不会导致公 司实际控制人发生变化，公司实际控制人仍为宁夏回族自治 区人民政府。 2.本次股权无偿划转不会对公司的生产经营造成不利影 响，亦不存在损害公司和中小股东利益的情形。 3.风险提示：截止本公告披露日，本次无偿划转事项尚 未完成全部决策程序，且未签订相关协议，是否能够通过审 批及审批时间均存在一定不确定性。公司将根据后续进展情 况，及时履行相关信息披露义务。敬请广大投资者注意投资 风险并关注公司后续公告。 一、本次股权无偿划转的基本情况 1 公司于 2025 年 8 月 13 日收到控股股东宁国运发 ...

*ST宝实公告，若本次股权无偿划转事项顺利实施，宝塔实业股份有限公司（*ST宝实）直接控股股东 将由宁夏国有资本运营集团有限责任公司（宁国运）变更为宁夏电力投资集团有限公司（电投集团）。 宁国运为间接控股股东。本次股权无偿划转事项不会导致公司实际控制人发生变化，公司实际控制人仍 为宁夏回族自治区人民政府。本次股权无偿划转不会对公司的生产经营造成不利影响，亦不存在损害公 司和中小股东利益的情形。 ...

Group 1 - The independent directors of Baota Industrial Co., Ltd. held their 17th special meeting on August 11, 2025, to discuss and approve a related party transaction aimed at resolving competition issues with Ningguo Yun [1] - The transaction is deemed beneficial for the company and all shareholders, with no significant adverse impact on the company's financial status or operating results [1] - The pricing of the transaction is considered fair and reasonable, ensuring no harm to the company or shareholders, particularly minority shareholders [1]

Group 1 - The 17th meeting of the 10th Supervisory Board of Baota Industrial Co., Ltd. was held on August 11, 2025, via communication, with all three supervisors present [1] - The meeting was chaired by Mr. Zhang Yuli, and it complied with the Company Law and the company's articles of association, making the resolutions legally valid [1] - The Supervisory Board approved the proposal regarding the signing of the "Entrusted Management Agreement" and related party transactions, with a unanimous vote of 3 in favor [1]

证券代码：000595 证券简称：*ST 宝实 公告编号：2025-094 宝塔实业股份有限公司 为进一步扩大公司新能源发电装机规模，增加发电业务收 入，形成区域竞争优势和规模优势。董事会同意公司控股子公 司宁国运新能源（灵武）有限公司投资建设宁国运新能源（灵 武）有限公司马家滩 240MW/480MWh 储能电站项目。项目动 态总投资约为人民币 37,298.42 万元。为避免影响项目工程进 度，公司董事会同意经营层在董事会审议通过后可以开展前期 工作。具体内容详见公司同日在巨潮资讯网披露的《关于投资 建设灵武马家滩 240MW/480MWh 储能电站项目的公告》（公 告编号：2025-097）。 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 宝塔实业股份有限公司（以下简称"公司"）第十届董事会 第二十三次会议于 2025 年 8 月 5 日以电子邮件方式发出通知， 于 2025 年 8 月 11 日以现场及通讯方式召开。本次会议应到董 事 6 名，实到董事 6 名，其中 4 名董事以通讯方式表决，其余 董事以现场方式表决。公司监事 ...

Core Viewpoint - The resignation of employee director Xiu Jun Cheng from Baota Industrial Co., Ltd. is officially announced, and the company expresses gratitude for his contributions during his tenure [1] Group 1 - Xiu Jun Cheng submitted a written resignation report due to work reasons, and after his resignation, he will no longer hold any position in the company [1] - The resignation will not lead to a decrease in the number of board members below the legal requirement and will not affect the normal operation of the board [1] - The company will promptly complete the relevant procedures for the appointment of a new employee director as per regulations [1] Group 2 - As of the date of the announcement, Xiu Jun Cheng does not hold any shares in the company and has no unfulfilled commitments [1] - The board acknowledges Xiu Jun Cheng's diligent work and significant contributions to the company's high-quality development [1]

Investment Overview - The company plans to invest in the construction of a 240MW/480MWh energy storage power station project in Lingwu, Ningxia, with a total investment of approximately RMB 372.98 million [1][2] - The funding sources for the project include local government special bonds, self-owned funds, and financing from financial institutions [1] Project Details - The energy storage station will consist of 48 units, each with a capacity of 5MW/10MWh, including energy storage battery cabins and inverters [2] - The project site is located within the 1GW photovoltaic area in Lingwu City, Ningxia [2] - The internal rate of return after tax is projected at 3.36%, with a capital return rate of 5.00%, and a payback period of 17.64 years [2] Purpose and Impact - The project aims to enhance the company's renewable energy generation capacity and overall profitability, aligning with regional policies promoting renewable energy development [3] - It is part of the company's strategy to build a modern energy industry system that is "clean, low-carbon, safe, and efficient" [3] Project Risks - The project is subject to uncertainties related to land acquisition, environmental impact assessments, and grid connection design, which may affect the construction timeline [4] - Market and policy changes, as well as funding challenges, could lead to fluctuations in expected revenue and project costs [4]