Group 1 - The company plans to issue shares at a price of 3.41 yuan per share to raise no more than 532 million yuan, which will be used to supplement working capital after deducting related issuance costs [1] - The main business of the company includes the production, processing, and sales of petrochemical products, with key products being liquefied petroleum gas, polypropylene, MTBE, and fuel oil [1] - In the first half of 2025, the company reported a revenue of 1.48 billion yuan, with a net loss of 82.66 million yuan and a non-recurring net profit loss of 80.12 million yuan due to weak demand in the traditional chemical industry [1] Group 2 - Maoming Port, the controlling shareholder of the company, has a registered capital of 2.177 billion yuan and total assets exceeding 20 billion yuan, with annual revenue exceeding 4.5 billion yuan [2] - The company underwent a change in actual control and the shareholding ratio of Maoming Port will increase after the issuance, reinforcing its control over the company [2] - The chemical manufacturing industry is facing intensified competition due to macroeconomic conditions, industrial policies, and increasing environmental protection standards [2] Group 3 - The company is actively planning sustainable development transformation projects, including the suspension of non-core projects and the upgrade of existing chemical facilities to produce high value-added products [3] - The company aims to enhance its competitive advantage in core products while extending the industrial chain of these products [3] - The fundraising will effectively meet the increased working capital needs arising from the expansion of the company's operations, improving financial safety and flexibility [3]

Core Viewpoint - The commitment from the controlling shareholder, Maoming Port Group Co., Ltd., provides strong support for Maohua Shihua's upcoming issuance of shares to specific targets, signaling positive market sentiment and stabilizing investor confidence [1][2]. Group 1 - Maohua Shihua convened the 10th temporary meeting of the 13th board of directors on August 29, 2025, to review and approve the proposal for the issuance of shares to specific targets for the year 2025 [1]. - Maoming Port Group has committed not to reduce its holdings in Maohua Shihua shares from six months prior to the board resolution date until the date of the commitment letter [1]. - If the share issuance is completed and Maoming Port Group holds a certain percentage of voting rights in Maohua Shihua, it will not transfer or delegate the management of the shares acquired through this issuance for 18 months [1]. Group 2 - The commitment includes adherence to restrictions on shares obtained through stock dividends or capital reserve transfers until the lifting of the share restriction period [1]. - Should the restriction period conflict with the latest regulatory opinions or requirements, Maoming Port Group will adjust accordingly [1]. - Any reduction of shares after the restriction period must comply with relevant laws and regulations, and violations of the commitment will result in legal liabilities [1].

茂化实华（000637）(000637.SZ)发布向特定对象发行A股股票预案，发行对象为公司控股股东茂名港， 其以人民币现金方式认购公司本次发行的股票。本次向特定对象发行募集资金总额为不超过人民币5.32 亿元(含本数)，在扣除相关发行费用后将全部用于补充流动资金。 ...

茂名石化实华股份有限公司 第十三届董事会独立董事专门会议 2025 年第二次会 议决议 茂名石化实华股份有限公司(以下简称"公司")第十三 届董事会独立董事专门会议 2025 年第二次会议于 2025 年 8 月 29 日上午在公司会议室以现场结合通讯表决的方式召开。 本次会议已于 2025 年 8 月 26 日以电话、电子邮件等方式通 知全体独立董事。 本次会议应出席独立董事 3 人，实际出席独立董事 3 人， 其中参加通讯表决独立董事 3 人。会议的召集、召开符合《公 司法》及《公司章程》的规定。会议经过讨论，通过了以下 议案: 一、《关于公司符合向特定对象发行 A 股股票条件的议 案》 经核查，我们认为：根据《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》 等相关法律、法规及规范性文件的规定，对照申请向特定对 象发行 A 股股票的要求对公司实际情况进行自查后，我们认 为公司符合向特定对象发行 A 股股票的各项资格和条件。因 此，我们同意《关于公司符合向特定对象发行 A 股股票条件 的议案》。 表决结果：赞成票 3 票，反对票 0 票，弃权票 0 票。 - 1 - 二、《 ...

一、借款情况概述 根据公司日常生产经营和业务发展的需要，保障各项 业务正常有序开展，公司拟向合作银行申请不超过人民币 壹亿元（含本数）的综合授信额度，具体如下： 拟授信额度 证券代码：000637 证券简称：茂化实华 公告编号：2025-047 茂名石化实华股份有限公司 关于公司向银行申请不超过人民币壹亿元授信额度 的公告 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 审议通过了《关于公司向银行申请不超过人民币壹亿元授 信额度的议案》。具体内容如下： 序号 借款人 债权人名称 （万元） 茂名石化实华股份 厦门国际银行珠海分 有限公司 行 公司本次申请授信额度是公司实现业务发展及确保生 产经营正常的需要，通过银行授信的融资方式为业务发展 补充资金，有利于促进生产经营和业务发展，符合公司及 全体股东的利益。 特此公告。 茂名石化实华股份有限公司董事会 - 2 - 上述授信系指借款、贸易融资、保函、资金业务及其 它授信业务。授信期限不超过三年，最终的授信额度和授 信期限以债权人批准的为准。申请授信的有效期为三年 （股 ...

茂名石化实华股份有限公司（以下简称"公司"）第十 三届董事会第十次临时会议于 2025 年 8 月 29 日以现场结合 通讯表决方式召开。本次会议的通知于 2025 年 8 月 26 日以 电子邮件方式送达全体董事和高级管理人员。公司董事会共 有 9 名董事，9 名董事均以现场结合通讯表决方式参加会议。 本次会议由公司董事长王志华先生召集，公司董事长王志华 先生、副董事长许军先生工作出差通讯表决，会议由过半数 董事共同推举公司董事、总经理龙起龙先生主持。本次会议 的通知、召开以及参会董事人数均符合相关法律、行政法规、 部门规章、规范性文件、深圳证券交易所业务规则和《公司 章程》的有关规定。 证券代码：000637 证券简称：茂化实华 公告编号：2025-037 茂名石化实华股份有限公司 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 二、董事会会议审议情况 本次会议审议通过了以下议案： - 1 - 根据《公司法》《证券法》《上市公司证券发行注册管 理办法》（以下简称"《发行注册管理办法》"）等有关法 律、行政法规、部门规章及规范性文件的 ...

证券代码：000637 证券简称：茂化实华 公告编号：2025-048 茂名石化实华股份有限公司 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、召开会议的基本情况 （一）股东会届次：公司 2025 年第三次临时股东会。 （二）会议召集人：公司董事会。经公司第十三届董事 会第十次临时会议审议通过，决定召开本次股东会。 （三）会议召开的合法、合规性：本次股东会召开符合 有关法律、行政法规、部门规章、规范性文件、深圳证券交 易所业务规则和公司章程的规定。 （四）会议召开日期和时间： 通过深圳证券交易所交易系统进行网络投票的起止日 期和时间：2025 年 9 月 18 日 9:15-9:25；9:30—11:30 和 通过深圳证券交易所互联网投票系统进行网络投票的 起止日期和时间：2025 年 9 月 18 日 9:15—15:00 期间的任 意时间。 （五）会议的召开方式： - 1 - 本次股东会采用现场表决与网络投票相结合的方式召 开。 现场投票：股东本人出席现场会议或通过授权委托方式 委托他人出席现场会议和参加表决； 网络投票：公司将通过深圳证券交易所交易 ...

Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to enhance transparency and operational feasibility in profit distribution, ensuring reasonable returns for all shareholders [1][2]. Group 1: Considerations for the Plan - The company focuses on strategic goals and sustainable development while considering operational realities, shareholder demands, social capital costs, external financing environments, and cash flow [1]. - The plan emphasizes a scientific, continuous, and stable profit distribution policy that prioritizes reasonable returns to shareholders while ensuring the company's sustainable health [1][2]. Group 2: Specific Dividend Return Plan - The company will distribute dividends in cash, stock, or a combination of both, based on current profitability, cash flow, development stage, and funding needs [1][2]. - The minimum dividend payout ratio for the next three years will be at least 30% of the average distributable profit, contingent on sufficient cash flow for normal operations and long-term development [2][3]. - If the company's performance grows rapidly, the board may propose stock dividends in addition to the minimum cash dividends, depending on annual profitability and cash flow [2]. Group 3: Decision-Making Procedures - The annual profit distribution proposal will be drafted by management and the board, considering the company's articles of association, profitability, funding needs, and shareholder return plan, and will be submitted for shareholder approval [3][4]. - The board must carefully evaluate the timing, conditions, and minimum ratios for cash dividends, with independent directors required to provide clear opinions [3][4]. - The company will actively communicate with shareholders, especially minority shareholders, to gather their opinions and address their concerns regarding the dividend proposals [3][4]. Group 4: Oversight and Review Mechanisms - The audit committee will supervise the execution of the dividend policy and shareholder return plan, ensuring compliance with decision-making procedures [4][5]. - Any adjustments to the profit distribution policy must prioritize shareholder protection and require thorough justification and adherence to decision-making protocols [5]. Group 5: Implementation and Governance - The shareholder return plan will be reviewed at least every three years, with potential adjustments based on shareholder feedback and independent directors' opinions [5]. - The plan will take effect upon approval by the company's shareholders and will be interpreted by the board [5].

证券代码：000637 证券简称：茂化实华 公告编号：2025-046 茂名石化实华股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 伙）（简称"鹏盛会计师事务所"） 普通合伙）（简称"中兴财光华会计师事务所"） 聘会计师事务所管理办法》(财会〔2023〕4号)等相关规定，为 保证审计工作的独立性与客观性，公司按照相关制度经公司公开 招标程序选聘2025年度会计师事务所。根据公司业务发展和整体 审计的需求，公司拟聘任鹏盛会计师事务所为2025年度财务报告 审计机构和内部控制审计机构。 事项无异议。 （财 会〔2023〕4号）的规定。 - 1 - 一、拟聘任会计师事务所的基本情况 （一）机构信息 名称：鹏盛会计师事务所（特殊普通合伙） 统一社会信用代码：91440300770329160G 成立日期：2005年1月11日 组织形式：特殊普通合伙企业 注册地址：深圳市福田区福田街道福山社区滨河大道 首席合伙人：杨步湘 会印发的《国有企业、上市公司选聘会计师事务所管理办法》 人员信息：截至2024年12月31日，合伙人数量为133人， 注册会 ...

Group 1 - The company plans to issue A-shares to specific investors to raise funds for enhancing liquidity and optimizing its capital structure, which is crucial for long-term development [1][4] - The total amount raised from the issuance will be used entirely to supplement working capital, addressing the company's operational funding needs and reducing financial risk [2][5] - The issuance is expected to improve the company's financial condition by lowering the debt scale and financial leverage, thus enhancing profitability and core competitiveness [2][3] Group 2 - The issuance will solidify the controlling position of the major shareholder, Maoming Port Group, which will hold over 40% of voting rights post-issuance, ensuring stable governance and protecting minority shareholders' interests [3][4] - The company has established a modern corporate governance structure and a fundraising management system to ensure the proper use of raised funds, mitigating risks associated with fund management [4][5] - The anticipated increase in asset scale and reduction in debt ratio will enhance the company's financial strength and risk resistance, supporting future growth and strategic initiatives [5]