Core Viewpoint - The company, Conch New Materials, is actively managing its assets and financial structure, including a significant land sale to enhance liquidity while maintaining a strong focus on its core business in the construction materials sector [1]. Group 1: Company Performance - As of August 8, 2025, Conch New Materials' stock price is 6.46 yuan, reflecting an increase of 0.05 yuan from the previous trading day, with a trading volume of 0.29 billion yuan [1]. - The opening price for the day was 6.38 yuan, with a high of 6.46 yuan and a low of 6.37 yuan, resulting in a trading range of 1.40% and a turnover rate of 1.24% [1]. Group 2: Business Operations - The company's main business includes the research, production, and sales of mid-to-high-end plastic profiles, aluminum profiles, and doors and windows, primarily within the construction materials sector [1]. - In 2024, the construction materials segment is expected to account for 84.8% of the company's revenue structure [1]. Group 3: Asset Management - On August 8, the company announced plans to publicly sell part of its land, buildings, and related facilities located in Wuhu Economic and Technological Development Zone for a base price of 94.5 million yuan [1]. - The assessed market value of the asset is 89.85 million yuan, indicating an appreciation rate of 787.25%, with proceeds from the sale intended to supplement working capital [1]. Group 4: Financial Flow - On August 8, the net outflow of main funds was 654,100 yuan, with a cumulative net outflow of 3.0941 million yuan over the past five trading days [1].

Group 1 - The company, Conch New Materials (000619), announced on August 8 that it plans to sell part of its assets located at No. 38, Gangwan Road, Economic and Technological Development Zone, Wuhu City, Anhui Province through public listing [1] - The starting price for the auction of these assets is set at 94.5 million yuan, which includes value-added tax [1]

Core Viewpoint - The company, Conch New Materials (000619.SZ), plans to sell part of its assets located in Wuhu City, Anhui Province, through a public listing, with a starting price of 94.5 million yuan, including VAT [1] Group 1: Asset Sale Details - The assets for sale include land, buildings, supporting facilities, and power distribution equipment [1] - The valuation of the assets is based on an assessment by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd., with a reference date of April 30, 2025 [1] - The final transaction price will be determined by the results of the public bidding process [1] Group 2: Strategic Intent - The primary purpose of this transaction is to optimize resource allocation and activate existing assets [1] - The company aims to focus on strategic priorities and promote sustainable and stable development [1]

Core Viewpoint - The company, Conch New Materials (海螺新材), plans to sell part of its assets located in Wuhu City, Anhui Province, through a public listing, with a starting price of 94.5 million yuan, aiming to optimize resource allocation and enhance strategic focus for sustainable development [1] Group 1 - The company intends to sell land, buildings, supporting facilities, and power distribution equipment [1] - The starting price for the assets is set at 94.5 million yuan, including value-added tax [1] - The final transaction price will be determined based on the public bidding results, referencing an asset valuation by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd. as of April 30, 2025 [1] Group 2 - The purpose of the transaction is to optimize resource allocation and activate existing assets [1] - The company aims to focus on strategic priorities to promote stable and healthy development [1]

Group 1 - The company held its 10th meeting of the 10th Supervisory Board on August 8, 2025, to discuss governance improvements [1][2] - The company plans to amend its Articles of Association to enhance governance mechanisms, which includes transferring the powers of the Supervisory Board to the Audit Committee of the Board of Directors [1] - The proposed amendments will be submitted for approval at the shareholders' meeting, after which the Supervisory Board will be dissolved [1][2] Group 2 - The resolution of the Supervisory Board meeting was passed with 3 votes in favor, 0 against, and 0 abstentions [2] - Relevant documents, including the resolution of the 10th meeting of the Supervisory Board, will be available for review [2]

Group 1 - The company plans to sell part of its assets located in Wuhu City, Anhui Province, with a starting price of 94.5 million yuan (including VAT) [1] - The asset valuation is based on an assessment conducted by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd. as of April 30, 2025 [1] - The board of directors has proposed to authorize the management to handle the sale procedures, including public listing and signing relevant agreements [2] Group 2 - The company intends to amend its articles of association to enhance governance mechanisms, which will eliminate the supervisory board and transfer its powers to the audit committee of the board [2][3] - The proposed amendments to the articles of association and related rules will be submitted for approval at the upcoming shareholders' meeting [2][3] - The second extraordinary general meeting of shareholders is scheduled for August 25, 2025, to discuss these proposals [3]

Meeting Information - The company will hold its second extraordinary general meeting of shareholders for 2025 on August 25, 2025, at 15:00 in Wuhu Economic and Technological Development Zone [1] - Shareholders can participate either through on-site voting or online voting via the Shenzhen Stock Exchange [2] Voting Procedures - Shareholders registered by the close of trading on August 18, 2025, are entitled to attend the meeting and vote [2] - Voting can be done through a proxy, and the first vote will be considered valid in case of duplicate votes [2] Registration and Attendance - Personal shareholders must present their ID, securities account card, and shareholding certificate for registration [3] - Proxies must provide the principal's ID copy, their own ID, authorization letter, and securities account card [3] Online Voting Details - The online voting platform will be available through the Shenzhen Stock Exchange trading system and internet voting system [4] - The voting code is 360619, and the voting name is "Hailuo Voting" [4] Documentation - The company will provide specific instructions for online voting procedures and an authorization letter template for proxies [5]

Core Viewpoint - The company has revised its articles of association to enhance corporate governance and clarify the rights and responsibilities of shareholders, directors, and management [1][6][12]. Summary by Sections General Principles - The revised articles aim to protect the legal rights of the company, shareholders, employees, and creditors, and to regulate the company's organization and behavior according to relevant laws [1][4]. Legal Representative - The chairman of the board serves as the legal representative of the company, and if the legal representative resigns, a new representative must be appointed within 30 days [2][3]. Shareholder Responsibilities - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is responsible for its debts with all its assets [4][5]. Articles Effectiveness - The revised articles become legally binding upon their effectiveness, governing the relationships and rights among the company, shareholders, directors, supervisors, and senior management [6][10]. Share Issuance - The company will issue shares based on principles of openness, fairness, and justice, ensuring equal rights for all shareholders of the same class [7][8]. Share Repurchase - The company may repurchase its shares under specific circumstances, such as capital reduction or employee stock ownership plans, with certain limitations on the total number of shares repurchased [8][9]. Share Transfer - Shares can be transferred in accordance with the law, and the company does not accept its own shares as collateral [9][10]. Shareholder Rights - Shareholders have rights to dividends, attend meetings, supervise company operations, and request the company to repurchase their shares under certain conditions [10][11]. Shareholder Obligations - Shareholders must comply with laws and the articles, pay their subscribed capital, and not abuse their rights to harm the company or other shareholders [15][16]. Board and Shareholder Meetings - The company must hold shareholder meetings in compliance with legal requirements, and decisions made at these meetings must be executed unless legally challenged [12][22].

Core Viewpoint - The company plans to sell part of its assets located at No. 38, Gangwan Road, Wuhu Economic and Technological Development Zone, through a public listing with a starting price of 94.5 million yuan (including VAT) [1][2][8] Transaction Overview - The board of directors has proposed to authorize the management to handle the sale procedures, including public listing and signing relevant agreements [2] - The transaction does not constitute a major asset restructuring as per the relevant regulations [2] - The final transaction counterpart and price are uncertain due to the public listing process [2] Asset Details - The assets for sale include land, buildings, and supporting facilities, primarily used for the production of plastic profiles, with some currently leased out [3][4] - The land area is 67,827.23 square meters, with a book value of 6.0476 million yuan and a net value of 3.1750 million yuan as of the evaluation date [3] - The buildings have a total area of 51,128.80 square meters, with a book value of 46.9379 million yuan and a net value of 6.9520 million yuan [3] Valuation Results - The asset evaluation was conducted by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd., with a market value of 89.8513 million yuan (excluding VAT) based on the asset-based approach [4][5] - The evaluation showed an increase of 7.97243 million yuan, resulting in an increase rate of 787.25% [5] - The income approach yielded a market value of 75.7608 million yuan (excluding VAT), with an increase of 6.56339 million yuan and an increase rate of 648.11% [5] Transaction Pricing Basis - The final pricing will be based on the evaluation results, with a minimum price set at 94.5 million yuan [7] - The transaction will be conducted through a public listing, and the final price will be determined by the higher of the listing price or the bids from interested buyers [7] Purpose and Impact - The transaction aims to optimize resource allocation, activate existing assets, and focus on strategic priorities for sustainable development [8] - The impact on the company's financial status and operational results from this transaction cannot be accurately calculated at this time [8]

Core Points - The document outlines the rules and regulations governing the board of directors of Conch (Anhui) Energy-saving and Environmental Protection New Materials Co., Ltd, emphasizing the board's responsibilities and operational procedures [1][2][3] Group 1: Board Composition and Responsibilities - The board consists of nine directors, including one employee representative and a chairman, with at least one-third being independent directors [3][4] - Independent directors can serve a maximum of six consecutive years, after which they must wait 36 months before being eligible for re-nomination [2] - The board is responsible for major decisions such as asset acquisitions, mergers, and significant financial transactions, requiring approval from the shareholders' meeting for certain actions [4][5] Group 2: Board Meetings and Decision-Making - Board meetings can be regular or temporary, with at least two regular meetings held annually [8][11] - A quorum for meetings requires the presence of more than half of the directors, and decisions are made through a majority vote [11][33] - The board secretary is responsible for preparing meetings, managing documents, and ensuring compliance with disclosure requirements [3][12] Group 3: Committees and Their Functions - The board establishes specialized committees, including audit, strategy, nomination, and compensation committees, which report to the board and must include a majority of independent directors [2][3] - Each committee has specific responsibilities and must follow the procedures set by the board [3][4] Group 4: Voting and Record-Keeping - Voting at board meetings is conducted by a show of hands or written ballot, with each director having one vote [33][34] - Meeting minutes must be recorded, detailing attendance, agenda items, and voting results, and must be kept for ten years [42][43]