中德证券有限责任公司 关于启迪环境科技发展股份有限公司收到《民 事判决书》暨诉讼进展情况的临时受托管理事 务报告 债券受托管理人 （北京市朝阳区建国路81号华贸中心1号写字楼22层） 2025年11月 重要声明 股票代码：000826.SZ 股票简称：启迪环境 债券代码：112978.SZ 债券简称：19启迪G2 中德证券有限责任公司（简称"中德证券"）编制本报告涉及的内容来源于市场公 开信息。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜 做出独立判断，而不应将本报告中的任何内容据以作为中德证券所作的承诺或声明。 2 一、公司债券基本情况 1、债券名称：启迪环境科技发展股份有限公司2019年公开发行绿色公司债券（面 向合格投资者）（第一期）（简称"本期债券"）。 2、债券简称及代码：19启迪G2、112978。 3、发行主体：启迪环境科技发展股份有限公司（简称"发行人"或"启迪环境"）。 4、发行规模：5亿元人民币。 5、债券余额：本期债券的余额为1.26亿元。 6、债券担保情况：本期债券为无担保债券。 启迪环境于近日收到陕西省咸阳市中级人民法院发出的《民事判决书》（（2023） ...

每经AI快讯，有投资者在投资者互动平台提问：近期启迪环境启动预重整，请问公司有作为意向投资 人参与启迪环境重整吗？ 城发环境（000885.SZ）11月20日在投资者互动平台表示，公司暂无上述意向。 （文章来源：每日经济新闻） ...

Core Viewpoint - The electrolytic manganese waste residue treatment industry is experiencing growth driven by increasing demand for electrolytic manganese, supportive government policies, and technological advancements. The market size is projected to reach 4.339 billion yuan in 2024, reflecting a year-on-year increase of 2.6% [1][6]. Industry Overview - Electrolytic manganese waste residue is a byproduct of electrolytic manganese production, containing harmful substances that pose environmental and health risks if not treated properly. Treatment methods include safe storage, harmless treatment, and resource utilization, which can be further categorized into four technical approaches: safe storage technology, dry processing technology, pyrometallurgical technology, and hydrometallurgical technology [3][4]. Market Size and Growth - The electrolytic manganese waste residue treatment market in China is expected to reach 4.339 billion yuan in 2024, with a year-on-year growth of 2.6% [1][6]. The production of electrolytic manganese waste residue is projected to reach 12.195 million tons in 2024, marking a 19.4% increase compared to the previous year [5][6]. Industry Development Trends 1. **Technological Advancements**: Continuous improvement in treatment technologies is essential due to tightening environmental regulations and increasing quality demands from downstream industries [9]. 2. **Accelerated Industry Consolidation**: Increased competition is leading to consolidation within the industry, with stronger companies likely to acquire weaker ones, enhancing market concentration [10][11]. 3. **Resource Utilization**: The waste residue contains valuable mineral elements, and its resource utilization can yield significant economic and environmental benefits. Potential applications include production of autoclaved bricks, fertilizers, road materials, and cement [12]. Competitive Landscape - The industry is becoming increasingly competitive, with numerous companies entering the market. Key players include Beijing Wanbangda Environmental Technology Co., Ltd., China Electric Environmental Protection Co., Ltd., and Tianjin Chuangye Environmental Protection Group Co., Ltd. [6][8].

Core Points - The company held its 7th meeting of the 11th Board of Directors on November 14, 2025, where it approved the appointment of a new senior management member [1][4] - The board unanimously agreed to appoint Mr. You Minghui as the Deputy General Manager, with his term aligned with the current board's term [1][4][2] - The appointment was based on the company's business development needs and followed the necessary legal and regulatory procedures [4][6] Appointment Details - Mr. You Minghui, born in 1983, holds a bachelor's degree from China Agricultural University and an MBA from South China University of Technology [6] - His previous roles include positions at Beijing Houde Human Resource Development Co., Ltd. and various leadership roles within the company since 2024 [6][7] - Mr. You does not hold any shares in the company and has no related party relationships with major shareholders or other executives [7]

Core Viewpoint - The company, Qidi Environment, announced the appointment of Mr. You Minghui as the new Deputy General Manager, as approved by the board of directors [1]. Company Summary - Qidi Environment (stock code: 000826) released an announcement on the evening of November 14, stating the board's decision to hire Mr. You Minghui for the position of Deputy General Manager [1].

Group 1 - The core point of the article is that Tsinghua Environment (SZ 000826) held its 11th Board Meeting on November 14, 2025, to discuss the appointment of senior management personnel [1] - For the first half of 2025, Tsinghua Environment's revenue composition is as follows: sanitation business accounts for 53.48%, water supply and sewage treatment business accounts for 23.37%, municipal construction revenue accounts for 18.0%, environmental equipment installation and consulting accounts for 4.11%, and other businesses account for 1.04% [1] - As of the report date, Tsinghua Environment has a market capitalization of 3.6 billion yuan [1]

证券代码：000826 证券简称：启迪环境 公告编号：2025-079 启迪环境科技发展股份有限公司 关于聘任公司高级管理人员的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 公告不存在虚假记载、误导性陈述或者重大遗漏。 2025 年 11 月 14 日，启迪环境科技发展股份有限公司（以下简称"公司"）召开第十 一届董事会第七次会议，审议通过《关于聘任公司高级管理人员的议案》。依据法律、行政 法规及其他规范性文件的要求和《公司章程》的规定，根据公司业务发展及经营所需，经公 司总经理提名，董事会提名委员会资格审核，董事会同意聘任游鸣辉先生（简历详见附件） 为公司副总经理。任期自董事会审议通过之日起至公司第十一届董事会任期届满止。 特此公告。 启迪环境科技发展股份有限公司董事会 二〇二五年十一月十五日 附件： 游鸣辉先生，男，1983 年出生，中国农业大学本科，华南理工大学 MBA，高级人力资源 管理师。2005 年 5 月至 2015 年 10 月任北京厚德人力资源开发有限公司客户部经理兼广州 分公司总经理；2015 年 11 月至 2021 年 12 月任启迪投资（广东）有限公司副总经理、启迪 ...

本项议案表决结果：有效表决票数 9 票。其中同意 9 票；反对 0 票；弃权 0 票。 本公司及董事会全体成员保证公告内容的真实、准确和完整， 公告不存在虚假记载、误导性陈述或者重大遗漏。 启迪环境科技发展股份有限公司（以下简称"启迪环境"或"公司"）于 2025 年 11 月 10 日以电话及邮件的方式向全体董事发出了"关于召开第十一届董事会第七次会议的通 知"，并以书面方式通知公司监事会。本次董事会议于 2025 年 11 月 14 日以通讯方式召开， 会议应参加表决董事 9 名，实际参加表决董事 9 名。本次董事会议由公司董事长王翼先生主 持，公司监事及高级管理人员列席了本次会议。本次董事会议的召集、召开符合《公司法》 和《公司章程》的规定，会议经与会董事审议，本次会议形成如下决议： 一、审议通过《关于聘任公司高级管理人员的议案》。 依据法律、行政法规及其他规范性文件的要求和《公司章程》的规定，根据公司业务发 展及经营所需，经公司总经理提名，董事会提名委员会资格审查通过，公司董事会同意聘任 游鸣辉先生担任公司副总经理，公司本次聘任的高级管理人员任期与本届董事会任期一致。 证券代码：000826 证券简称 ...

Core Points - The company, Tsinghua Tongfang Co., Ltd., has received a civil judgment from the Intermediate People's Court of Xianyang City, Shaanxi Province regarding a construction contract dispute [1][2] - The plaintiff, Hunan Jinsha Road and Bridge Construction Co., Ltd., has made several claims against the defendants, including a demand for payment of approximately 618.94 million yuan plus interest, totaling around 659.46 million yuan [2][3] - The court has partially supported the plaintiff's claims and ruled that the company is jointly liable for the payment of approximately 441.68 million yuan plus interest [3][4] Summary by Sections Civil Judgment Details - The case involves a dispute between Hunan Jinsha Company and the defendants, including Tsinghua Tongfang, over a construction contract [1][2] - The court has ordered the defendant, Xingping Hongyuan Development Construction Co., Ltd., to pay Hunan Jinsha Company 441.68 million yuan plus interest [3] - The company is held jointly responsible for the debt alongside the other defendant [4] Financial Implications - The total amount claimed by Hunan Jinsha includes principal and interest calculated from December 1, 2021, to September 4, 2023, amounting to approximately 405.22 million yuan in interest [2] - The judgment specifies that if the payment obligations are not fulfilled within the designated period, the company will incur additional interest penalties [6] Legal and Procedural Aspects - The court has also ordered Hunan Jinsha Company to transfer relevant construction documents to the defendants within fifteen days of the judgment [5] - The judgment includes details on the allocation of litigation costs, with specific amounts designated for each party involved [6]

Core Viewpoint - The company, Tsinghua Tongfang Co., Ltd., has received a civil judgment regarding a construction contract dispute, which may have significant financial implications for the company and its stakeholders [1][2][3]. Summary by Sections Civil Judgment Details - The civil judgment was issued by the Intermediate People's Court of Xianyang, Shaanxi Province, in a case involving a construction contract dispute between Hunan Jinsha Road and Bridge Construction Co., Ltd. and the company [1][2]. - The plaintiff, Hunan Jinsha, requested a total payment of approximately 659.46 million yuan, including principal and interest, from the defendants, which include the company [2]. - The court partially supported the plaintiff's claims, ordering the defendant, Xingping Hongyuan Development Construction Co., Ltd., to pay approximately 441.68 million yuan plus interest to Hunan Jinsha [3][4]. Company’s Liability - The company is held jointly liable for the debt owed by Xingping Hongyuan Development Construction Co., Ltd. to Hunan Jinsha, indicating potential financial exposure for the company [4][5]. - The judgment also includes provisions for the transfer of construction materials and documentation related to the project from Hunan Jinsha to Xingping Hongyuan [5]. Financial Implications - The judgment specifies that if the defendants fail to fulfill their monetary obligations within the stipulated time, they will incur additional interest penalties [5]. - The total litigation costs and fees have been allocated among the parties involved, with the company bearing a portion of these costs [5]. Company’s Response - The company is actively working to mitigate litigation and execution risks and aims to communicate with relevant parties to reach a resolution [5].