Core Viewpoint - The company, Maoming Petrochemical Shihua Co., Ltd., plans to issue A-shares to a specific entity, Maoming Port Group Co., Ltd., to raise funds for working capital, constituting a related party transaction [1][2][6]. Group 1: Transaction Overview - The company intends to issue up to 155,962,606 A-shares, representing no more than 30% of the pre-issue total share capital, at a price of 3.41 yuan per share, aiming to raise a total of no more than 531.83 million yuan [1][2]. - The issuance requires approval from the shareholders' meeting, with related shareholders abstaining from voting [2][3]. - The approval process includes several steps, such as obtaining consent from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [2][3]. Group 2: Related Party Information - Maoming Port Group Co., Ltd. is the controlling shareholder of the company, holding 29.80% of the shares prior to the issuance [18]. - The financial data of Maoming Port for the last year shows total assets of approximately 2,003.49 million yuan and a net profit of 1.89 million yuan [6]. Group 3: Purpose and Impact of the Issuance - The issuance aims to strengthen the controlling stake of Maoming Port in the company, reflecting confidence in the company's future development [18]. - The raised funds will be used entirely for working capital, alleviating financial pressure and enhancing the company's operational flexibility and risk resistance [18][19]. - Post-issuance, the company's asset scale and financial strength are expected to improve, although there may be a short-term dilution of earnings per share due to the increase in total shares [19]. Group 4: Approval Procedures - The company has conducted necessary board meetings and independent director reviews, with all relevant proposals approved unanimously [20]. - The issuance is subject to further regulatory approvals, and the timeline for these approvals remains uncertain [21].

Core Viewpoint - The company plans to issue up to 155,962,606 A-shares to raise no more than 531.8324 million yuan to supplement working capital, aiming to enhance its capital strength and profitability [1][2][3]. Group 1: Background and Purpose of the Issuance - The issuance is a response to the company's transition to a state-controlled enterprise and aims to address the challenges posed by a slowing global economy and a difficult chemical market [1][2]. - The funds raised will improve the company's asset-liability structure and support its development strategy, ensuring sustainable growth [2][3]. Group 2: Necessity of the Issuance - The issuance of A-shares is deemed necessary to alleviate liquidity pressure and support core business growth, enhancing the company's risk resistance and core competitiveness [3][5]. - Compared to debt financing, equity financing is more favorable for optimizing the capital structure and reducing financial risks [5]. Group 3: Selection of Issuance Objects - The issuance is directed solely at the controlling shareholder, Maoming Port, which aligns with regulatory requirements [6]. - The selection of a single entity as the issuance object is appropriate and complies with relevant regulations [6]. Group 4: Pricing Principles and Methods - The issuance price is set at 3.41 yuan per share, which is not lower than 80% of the average stock price over the previous 20 trading days [7][8]. - The pricing method and procedures have been conducted in accordance with regulatory requirements [8]. Group 5: Feasibility of the Issuance - The issuance complies with the Securities Law and relevant regulations, ensuring that it is conducted legally and feasibly [8][9]. - The company has followed necessary procedures for disclosure and approval, ensuring transparency and compliance [15][16]. Group 6: Fairness and Reasonableness of the Issuance Plan - The issuance plan has been approved by the board and is designed to benefit all shareholders without harming their interests [15][16]. - The plan will be subject to a fair vote by shareholders, ensuring that all voices are heard [16]. Group 7: Impact on Immediate Returns and Mitigation Measures - The company has conducted a thorough analysis of the impact on immediate returns and has proposed specific measures to mitigate any potential dilution of shareholder value [17].

Core Points - The article outlines the fundraising management system of Maoming Petrochemical Shihua Co., Ltd, emphasizing the need for compliance with national laws and regulations, as well as the Shenzhen Stock Exchange's rules [1][2][3] - The company is required to use raised funds prudently and ensure that their usage aligns with the commitments made in the issuance application documents [1][2] - The management system mandates that raised funds must be stored in dedicated accounts and used exclusively for specified purposes, with strict oversight and reporting requirements [3][4][5] Fundraising Management - The company must establish a dedicated account for raised funds, which should not be mixed with other funds or used for unrelated purposes [3][4] - A tripartite supervision agreement must be signed with the underwriter or independent financial advisor and the commercial bank holding the funds, detailing the management and usage of the funds [4][5] - The board of directors is responsible for ensuring the effective implementation of the fundraising management system [2][5] Fund Usage - Funds raised should primarily be used for the company's main business operations, and high-risk investments are prohibited [6][7] - The company must ensure the authenticity and fairness of fund usage, preventing misuse by controlling shareholders or related parties [6][7] - Any changes to the intended use of funds or the investment projects must be approved by the board and disclosed to shareholders [8][12] Monitoring and Reporting - The company’s accounting department must maintain detailed records of fund usage, and internal audits should be conducted quarterly [40][41] - The board must regularly review the progress of fundraising projects and report any significant discrepancies in fund usage [41][42] - Independent auditors must verify the annual report on fund management and usage, providing assurance on compliance with regulations [19][20]

Group 1 - The company plans to issue A-shares to a specific target, with the total amount raised not exceeding RMB 531.8324 million, which will be used to supplement working capital [4][15][29] - The issuance has been approved by the company's board and is subject to further approval from the shareholders' meeting and regulatory authorities [2][21] - The controlling shareholder, Maoming Port, will subscribe to the shares using cash and has signed a conditional subscription agreement [2][29] Group 2 - The issuance price is set at RMB 3.41 per share, which is not less than 80% of the average stock price over the 20 trading days prior to the pricing benchmark date [3][30] - The maximum number of shares to be issued is capped at 155,962,606 shares, which is not more than 30% of the company's total share capital before the issuance [17][30] - The shares subscribed by Maoming Port will be subject to a lock-up period of 36 months from the date of issuance [6][32] Group 3 - The issuance will not change the company's control, as Maoming Port will remain the controlling shareholder after the issuance [20][28] - The company is focused on enhancing its asset quality and achieving high-quality development in line with national capital market reforms [12][14] - The company operates in the petrochemical industry, producing various chemical products and is strategically located near major economic zones, providing a competitive advantage [13][14]

本次预案披露事项并不代表审批机关对于公司本次向 特定对象发行股票相关事项的实质性判断、确认或批准，预 案所述本次向特定对象发行股票相关事项的生效和完成尚 需经公司股东会审议通过、深圳证券交易所审核通过并经中 国证券监督管理委员会同意注册。敬请广大投资者注意投资 证券代码：000637 证券简称：茂化实华 公告编号：2025-038 茂名石化实华股份有限公司 关于 2025 年度向特定对象发行 A 股股票预案披露的 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。 茂名石化实华股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日召开第十三届董事会第十次临时会议，审议通 过了公司 2025 年度向特定对象发行 A 股股票的相关议案。 《茂名石化实华股份有限公司 2025 年度向特定对象发行 A 股股票预案》等相关文件已于同日在巨潮资讯网 （www.cninfo.com.cn）披露，敬请投资者查阅。 - 1 - 风险。 特此公告。 - 2 - 茂名石化实华股份有限公司董事会 ...

每经AI快讯，茂化实华（SZ 000637，收盘价：4.17元）8月31日晚间发布公告称，本次向特定对象发行 A股股票相关事项已经获得公司第十三届董事会第十次临时会议审议通过。本次向特定对象发行股票的 发行对象为公司控股股东茂名港，本次向特定对象发行股票的数量为不超过约1.56亿股，发行数量不超 过本次发行前公司总股本的30%。发行价格为3.41元/股。本次发行拟募集不超过人民币约5.32亿元，扣 除发行费用后，全部用于补充流动资金。 （记者 张喜威） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 2025年1至6月份，茂化实华的营业收入构成为：石油化工占比95.91%，文旅娱乐占比4.09%。 截至发稿，茂化实华市值为22亿元。 每经头条（nbdtoutiao）——英伟达股价连续跳水，1.28万亿元市值蒸发！投资者：都认为你能考100 分，但你只考了98！2亿美元"业绩缺口"，为何引发恐慌？ ...

茂名石化实华股份有限公司 证券代码：000637 证券简称：茂化实华 公告编号：2025-038 关于 2025 年度向特定对象发行 A 股股票预案披露的 提示性公告 茂名石化实华股份有限公司董事会 本次预案披露事项并不代表审批机关对于公司本次向 特定对象发行股票相关事项的实质性判断、确认或批准，预 案所述本次向特定对象发行股票相关事项的生效和完成尚 需经公司股东会审议通过、深圳证券交易所审核通过并经中 国证券监督管理委员会同意注册。敬请广大投资者注意投资 - 1 - 风险。 特此公告。 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。 茂名石化实华股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日召开第十三届董事会第十次临时会议，审议通 过了公司 2025 年度向特定对象发行 A 股股票的相关议案。 《茂名石化实华股份有限公司 2025 年度向特定对象发行 A 股 股 票 预 案 》 等 相 关 文 件 已 于 同 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露，敬请投资者查阅。 2025 年 9 月 1 日 - 2 - ...

证券代码：000637 证券简称：茂化实华 上市地点：深圳证券交易所 茂名石化实华股份有限公司 关于 2025 年度向特定对象发行 A 股股票方案 的论证分析报告 二〇二五年九月 茂名石化实华股份有限公司（以下简称"茂化实华"或 "公司"）是深圳证券交易所上市的公司。为满足公司业务 发展的资金需求，增强公司的资本实力和盈利能力，根据《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》"）等相关法律、法规 和规范性文件的规定，结合自身实际情况，公司拟向特定对 象发行 A 股股票不超过 155,962,606 股（含本数），募集资 金不超过 53,183.24 万元，扣除发行费用后的净额拟全部用 于补充流动资金。 如无特别说明，本报告中相关用语与《茂名石化实华股 份有限公司 2025 年度向特定对象发行 A 股股票预案》释义 相同。 一、本次向特定对象发行的背景和目的 （一）本次向特定对象发行股票的背景 2024 年 4 月，公司控股股东变更为茂名港，实际控制人 变更为茂名市人民政府国有资产监督管理委员会，公司从民 营企业变更为国有控制企业。在 2024 年度，面对 ...

证券代码：000637 证券简称：茂化实华 上市地点：深圳证券交易所 茂名石化实华股份有限公司 2025 年度向特定对象发行 A 股股票预案 二〇二五年九月 茂名石化实华股份有限公司 2025 年度向特定对象发行 A 股股票预案 发行人声明 一、本公司及董事会全体成员保证本预案内容不存在虚 假记载、误导性陈述或重大遗漏，并对其内容的真实性、准 确性、完整性和及时性承担个别和连带的法律责任。 二、本预案按照《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司证券发行注册管理办法》等法律 法规的要求编制。 三、本次向特定对象发行股票完成后，公司经营与收益 的变化，由公司自行负责；因本次向特定对象发行股票引致 的投资风险，由投资者自行负责。 四、本预案是公司董事会对本次向特定对象发行股票的 说明，任何与之相反的声明均属不实陈述。 五、本预案所述事项并不代表审批机关对于本次向特定 对象发行股票相关事项的实质性判断、确认、批准或核准， 本预案所述本次向特定对象发行股票相关事项的生效和完 成尚待深圳证券交易所审核通过并经中国证券监督管理委 员会作出同意注册决定。 六、投资者如有任何疑问，应咨询自己的股票经纪人、 ...

茂名石化实华股份有限公司 募集资金管理制度 （2025年8月修订） 第一章 总 则 第一条 为规范茂名石化实华股份有限公司（以下简称公 司）募集资金的存储、使用、用途变更以及管理与监督，维 护证券市场秩序和社会公众股东利益，根据国家有关法律法 规和《深圳交易所股票上市规则》《深圳证券交易所上市公 司自律监管指引第1号——主板上市公司规范运作（2025年修 订）》（以下简称《规范运作指引》）《上市公司募集资金监 管规则》的规定，制定本制度。 第二条 本制度所称募集资金是指上市公司通过发行股 票或者其他具有股权性质的证券，向投资者募集并用于特定 用途的资金，不包括上市公司为实施股权激励计划募集的资 金。 本制度所称所称超募资金，是指实际募集资金净额超过计 划募集资金金额的部分。 第三条 公司应当审慎使用募集资金，保证募集资金的 使用与发行申请文件的承诺相一致，不得擅自改变募集资金 的投向。 - 1 - 第四条 公司应当真实、准确、完整地披露募集资金的 实际使用情况，出现严重影响募集资金投资计划正常进行的 情形时，应当及时公告。 第五条 上市公司募集资金应当专款专用。公司使用募集 资金应当符合国家产业政策和相关法律 ...