焦作万方铝业股份有限公司 第十届董事会独立董事专门会议 焦作万方铝业股份有限公司（以下简称"公司"）第十届董事会独立董事专 门会议 2025 年第一次会议于 2025 年 8 月 22 日以现场加通讯方式召开，应出席 独立董事 3 人，实际出席 3 人，独立董事金骋路以通讯方式参会，其他独立董事 以现场方式参加会议。会议的召开符合有关法律、法规、部门规章、规范性文件 和《公司章程》的规定。 经与会独立董事审议，会议通过了拟提交公司第十届董事会第二次会议审议 的公司发行股份购买资产暨关联交易（以下简称"本次交易"），与会独立董事就 本次交易形成审核意见如下： 一、公司符合《公司法》《证券法》《重组管理办法》《上市公司监管指引 第 9 号——上市公司筹划和实施重大资产重组的监管要求》《上市公司证券发行 注册管理办法》《深圳证券交易所上市公司重大资产重组审核规则》等法律、法 规及规范性文件关于上市公司发行股份购买资产的各项条件。 六、本次交易符合《重组管理办法》第十一条、第十三条和第四十三条、第 四十四条的相关规定。 七、公司就本次交易对即期回报摊薄的影响进行了分析，并制定了相关填补 措施，上市公司实际控制人、第一 ...

Core Viewpoint - The transaction involving Jiaozuo Wanfang Aluminum Industry Co., Ltd. aims to acquire Cayman Aluminum (Sanmenxia) Co., Ltd., which will enhance the company's upstream aluminum industry layout and create a complete aluminum material industry chain from alumina to electrolytic aluminum and aluminum processing [1][2]. Group 1: Measures to Mitigate Immediate Return Dilution - The company anticipates that the transaction will not dilute immediate returns post-completion, but acknowledges potential risks if the target company's profitability does not meet expectations or is affected by macroeconomic conditions [1][2]. - To protect investor interests and mitigate the risk of immediate return dilution, the company plans to implement specific measures, including enhancing corporate governance and internal control systems [2][3]. Group 2: Commitments from Major Stakeholders - The largest shareholder and actual controller, along with all directors and senior management, have issued commitments to not interfere with the company's management and to fulfill performance commitments related to the transaction [3][4]. - These commitments are designed to ensure that the measures to mitigate return dilution are effectively executed and align with regulatory requirements [4]. Group 3: Independent Financial Advisor's Opinion - The independent financial advisor has reviewed the company's analysis regarding the potential dilution of immediate returns and considers the proposed measures reasonable and compliant with relevant regulations aimed at protecting minority investors [4].

Group 1 - The core viewpoint of the article is that the transaction involving the acquisition of a 99.4375% stake in Sanmenxia Aluminum by Jiaozuo Wanfang Aluminum Industry Co., Ltd. constitutes a significant asset restructuring as defined by the relevant regulations [1][2][3] - The transaction is between Jiaozuo Wanfang and entities controlled by the actual controller, Mr. Dou Zhenggang, indicating a related party transaction [2][3] - The financial metrics of the target company, including total assets of 3,762.62 million, net assets of 2,030.40 million, and operating income of 3,553.92 million, significantly exceed those of the acquiring company, confirming the restructuring classification [3]

Group 1 - The transaction involves the acquisition of 99.4375% equity of Sanmenxia Aluminum by Jiaozuo Wanfang Aluminum Industry Co., Ltd from Hangzhou Jinjiang Group and other related parties [3][4] - Both the listed company and the target company are engaged in the aluminum smelting industry, with the listed company primarily producing aluminum liquid, aluminum ingots, and aluminum alloy products, while the target company focuses on alumina, electrolytic aluminum, caustic soda, and gallium [1][2] - The transaction is classified as a merger and acquisition within the same industry or upstream/downstream integration [2][3] Group 2 - The transaction constitutes a restructuring listing as the listed company has undergone a change in actual control within the last 36 months, with Mr. Dou Zhenggang becoming the actual controller [2][3] - The transaction involves the issuance of shares to acquire the equity of Sanmenxia Aluminum [4] - There are no ongoing investigations by the China Securities Regulatory Commission against the listed company as of the date of the review [4]

根据《上市公司重大资产重组管理办法》 《首次公开发行股票注册管理办法》 中国银河证券股份有限公司 关于本次交易符合中国证监会关于重大资产重组 对板块定位的要求的独立财务顾问核查意见 中国银河证券股份有限公司（以下简称"银河证券"或"本独立财务顾问"） 接受焦作万方铝业股份有限公司（以下简称"公司"、 "上市公司"或"焦作万方"） 委托，担任上市公司向杭州锦江集团有限公司（以下简称"锦江集团"）等交易 对方发行股份购买其持有的开曼铝业（三门峡）有限公司（以下简称"三门峡铝 业"或"标的公司"）99.4375%股权暨关联交易（简称"本次交易"）的独立财务 顾问。 《深圳证券交易所上市公司重大资产重组审核规则》等规定，银河证券就本次交 易符合板块定位要求进行了核查，对本次交易符合中国证监会关于重大资产重组 对板块定位的要求进行核查，现发表意见如下： 标的公司属于业务模式成熟、经营业绩稳定、规模较大、具有行业代表性的 优质企业，符合主板定位要求，具体情况如下： 一、业务模式成熟 三门峡铝业成立于 2003 年，是国内第一家成功利用国产铝矾土生产氧化铝 的民营企业，且是全球领先的铝基材料龙头企业，主营业务为氧化铝、电解 ...

Core Viewpoint - The independent financial advisor, China Galaxy Securities, confirms that both the advisor and the listed company, Jiaozuo Wanfang Aluminum Industry Co., Ltd., have complied with the relevant regulations regarding the hiring of third parties in investment banking activities, as per the guidelines issued by the China Securities Regulatory Commission [1][2]. Group 1: Independent Financial Advisor's Verification - China Galaxy Securities has not engaged in any direct or indirect paid hiring of third parties in relation to this transaction [1][2]. - The listed company, Jiaozuo Wanfang, has only hired specific third-party institutions required by law for this transaction, including a foreign law firm and local consulting firms for support services [1][2]. Group 2: Compliance with Regulations - Both the independent financial advisor and the listed company have adhered to the guidelines set forth in the "Opinions on Strengthening the Risk Prevention of Integrity in the Hiring of Third Parties by Securities Companies in Investment Banking Activities" [2].

Core Viewpoint - China Galaxy Securities Co., Ltd. has conducted an independent financial advisory review for Jiaozuo Wanfang Aluminum Industry Co., Ltd. regarding its asset transactions in the past twelve months, concluding that there are no relevant asset purchases or sales that need to be included in the cumulative calculation for the current transaction [1]. Group 1 - The independent financial advisor was commissioned by Jiaozuo Wanfang to assist in the issuance of shares to acquire a 99.4375% stake in Cayman Aluminum (Sanmenxia) Co., Ltd. from Hangzhou Jinjiang Group Co., Ltd. [1] - The review was conducted in accordance with the "Measures for the Administration of Major Asset Restructuring of Listed Companies," specifically Article 14, which outlines the cumulative calculation of asset transactions within a twelve-month period [1]. - As of the date of the review, there were no asset purchases or sales by Jiaozuo Wanfang in the twelve months prior that required inclusion in the cumulative calculation for the current transaction [1].

Group 1 - The audit report indicates that the financial statements of Jiaozuo Wanfang Aluminum Industry Co., Ltd. have been prepared in accordance with the specified basis and are free from material misstatement [1][2][3] - The management is responsible for the preparation of the financial statements and ensuring the effectiveness of internal controls to prevent material misstatements due to fraud or error [2][3] - The audit opinion emphasizes that the financial statements are intended solely for the asset restructuring matters and should not be used for other purposes [2][3] Group 2 - Jiaozuo Wanfang Aluminum Industry Co., Ltd. is engaged in the non-ferrous metal smelting and rolling processing industry, primarily involved in aluminum smelting and processing, as well as the sale of aluminum products [6] - The company plans to acquire 99.4375% equity of Kai Man Aluminum (Sanmenxia) Co., Ltd. through a share issuance, which will make the target company a subsidiary of Jiaozuo Wanfang [6][20] - The transaction price for the acquisition is based on the valuation report, with the total transaction amount for the 99.4375% equity set at CNY 3,194,926.88 thousand [11][20] Group 3 - The issuance price for the shares to be issued in the acquisition is set at CNY 5.39 per share, which is not lower than 80% of the average trading price over the previous 120 trading days [9][10] - The transaction involves multiple parties, including Jinjiang Group and several other investment firms, with specific lock-up periods for the shares acquired [17][18] - The financial statements are prepared based on the assumption of going concern, reflecting the company's operational results accurately [21][23]

关于本次交易方案调整不构成重大调整的核查意见 焦作万方铝业股份有限公司（以下简称"上市公司"或"公司"）拟发行股 份购买杭州锦江集团有限公司等交易对方合计持有的开曼铝业（三门峡）有限公 司（以下简称"三门峡铝业"或"标的公司"）股权暨关联交易（以下简称"本 次交易"）。 于〈焦作万方铝业股份有限公司发行股份购买资产并募集配套资金暨关联交易预 案＞及其摘要的议案》等与本次交易相关的议案。 于〈焦作万方铝业股份有限公司发行股份购买资产暨关联交易报告书（草案）＞ 及其摘要的议案》《关于本次交易方案调整不构成重大调整的议案》等与本次交 易相关的议案，对本次重组方案进行了调整。 中国银河证券股份有限公司（以下简称"独立财务顾问"）作为本次交易的 独立财务顾问，对上市公司本次交易方案调整事项进行核查，并出具如下核查意 见： 一、本次交易方案调整的具体情况 本次交易方案调整的具体内容如下： 中国银河证券股份有限公司 份有限公司、新疆神火煤电有 股份有限公司、新疆神火煤电 限公司、阳光人寿保险股份有 有限公司、阳光人寿保险股份 限公司、厦门国贸宝达润实业 有限公司、厦门国贸宝达润实 有限公司、芜湖信新诺股权投 业有限公司、芜 ...

股票代码：000612 股票简称：焦作万方 上市地点：深圳证券交易所 焦作万方铝业股份有限公司 发行股份购买资产暨关联交易 报告书（草案）（摘要） 项目 交易对方 杭州锦江集团有限公司、杭州正才控股集团有限公 司、浙江恒嘉控股有限公司、杭州延德实业有限公 发行股份购买资产暨关联交易 司、曼联（杭州）企业管理合伙企业（有限合 伙）、甘肃东兴铝业有限公司等 19 名交易对方 独立财务顾问 签署日期：2025 年 8 月 声 明 本部分所述词语或简称与本报告书摘要"释义"所述词语或简称具有相同含义。 一、上市公司声明 本报告书摘要的目的仅为向公众提供有关本次重组的简要情况，并不包括重大资 产重组报告书全文的各部分内容。重组报告书全文同时刊载于深圳证券交易所网站。 公司及公司全体董事、高级管理人员保证上市公司及时、公平地披露信息，保证 本报告书摘要及其摘要内容的真实、准确、完整，不存在虚假记载、误导性陈述或者 重大遗漏，保证本报告书摘要所引用的相关数据的真实性和合理性，并对所提供信息 的真实性、准确性、完整性负相应的法律责任。 公司第一大股东及其一致行动人、全体董事、高级管理人员承诺：如本次交易所 披露或提供的信息涉 ...