Group 1: Company Overview - The company is Ningxia Dongfang Tantalum Industry Co., Ltd., with stock code 000962 [1] - The investor activity record indicates a meeting held on January 14, 2026, from 14:00 to 17:30 [2] Group 2: Investment and Financing - The company has received a review opinion from the Shenzhen Stock Exchange on its application for a private placement of shares, confirming it meets the issuance and listing conditions [3] - The company plans to expedite share subscription and issuance following approval from the China Securities Regulatory Commission (CSRC) [3] Group 3: Product Pricing and Classification - The pricing model for the company's products is based on a cost-plus approach, with prices negotiated on a periodic basis (annual, semi-annual, quarterly) [4] - The company's products are categorized into several types: - Consumer electronics: tantalum powder, tantalum wire - High-temperature alloys: melting niobium and tantalum for additives - Semiconductor: high-purity tantalum targets - Superconducting materials: superconducting niobium materials - Chemical corrosion-resistant products: tantalum-niobium and their alloy products [5] Group 4: Market Demand and Future Projects - The company aims to optimize its product structure and increase investment in new demand areas due to significant changes in the tantalum and niobium industry [6] - Current production capabilities are insufficient to meet downstream growth demands, necessitating new construction and renovation projects [6] - The company’s fundraising projects are expected to address outdated equipment and insufficient capacity in wet production lines, as well as meet the demand for high-temperature alloy products [6] - The growth of high-tech fields such as 5G, industrial internet, and national defense is driving new demand in the tantalum and niobium industry [6] Group 5: Strategic Focus - The company will continue to focus on its core tantalum and niobium business, aiming to enhance its product offerings and optimize its industrial layout [7] - There are currently no plans for further acquisitions of shares in Xicai Institute [7]

Group 1 - The company will closely track industry trends and focus on its core business [2][5] - The company aims to leverage its full industry chain advantages to seize development opportunities [2][5] - The company plans to accelerate the advancement of a new batch of technological transformation projects to ensure the security of tantalum and niobium material supply chains [2][5]

Core Viewpoint - As of January 9, 2026, the number of shareholders for Dongfang Tantalum Industry is reported to be 57,687 [2] Group 1 - The company responded to investor inquiries on an interactive platform [2] - The data reflects the company's shareholder base as of a specific date, indicating ongoing investor interest [2] - The information may be relevant for assessing the company's market presence and investor engagement [2]

Core Insights - The article discusses the investment outlook for the 2025 fund reports, focusing on AI applications, commercial aerospace, and nuclear fusion as potential investment themes for 2026 [1] Group 1: Fund Performance - The fund managed by Chen Zongchao, Tongtai New Energy Preferred 1-Year Holding A, achieved a quarterly return of 26.28%, ranking first among its peers [3][11] - The fund's returns over the past month, three months, and six months were 16.38%, 25.96%, and 70.17%, respectively, with a one-year return of 96.53%, nearly doubling [3][11] Group 2: Investment Strategy - Chen Zongchao emphasizes a structural differentiation in the power equipment and new energy sector, advocating for a focus on cutting-edge and uncertain areas like controllable nuclear fusion [1][2] - The core logic is based on the advantages of controllable nuclear fusion, which is driven by advancements in high-temperature superconductors and the growth of artificial intelligence, positioning it as a key battleground for major powers [1][2] Group 3: Market Dynamics - 2025 is seen as a pivotal year for controllable nuclear fusion to transition from scientific ideal to industrial reality, supported by strong policy drivers and a diversified investment ecosystem involving state platforms, energy state-owned enterprises, local funds, and private capital [2][7] - The investment potential of controllable nuclear fusion is projected to exceed that of wind, solar, and lithium battery industries once the technology matures and achieves large-scale commercialization [2][7] Group 4: Portfolio Composition - The fund's top ten holdings differ significantly from traditional new energy funds, including companies like Yongding Co., Sry New Materials, and Antai Technology, which are closely linked to key aspects of the nuclear fusion industry chain [8][9]

证券代码：000962 证券简称：东方钽业 公告编号：2026-004 号 宁夏东方钽业股份有限公司 关于非独立董事辞职及选举职工代表董事的公告 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。 根据《公司法》和《公司章程》等有关规定，公司于 2025 年 12 月 31 日召开 2025 年第二次临时职工代表大会并形成决议，并在公司内部进行 公示，公示期内未收到对选举结果有异议的情况，一致同意选举王超先生 （简历详见附件）为公司第九届董事会职工代表董事，与其他现任董事共 同组成公司第九届董事会，任期自本次职工代表大会选举公示期结束之日 起至第九届董事会任期届满之日止。 王超先生的任职资格符合相关法律法规及《公司章程》有关董事任职 的资格和条件。本次选举职工代表董事工作完成后，公司第九届董事会中 兼任公司高级管理人员以及由职工代表担任的董事人数总计未超过公司董 事总数的二分之一，符合相关法律法规及《公司章程》的要求。 特此公告。 宁夏东方钽业股份有限公司董事会 2026 年 1 月 15 日 附件：个人简历 一、非独立董事辞职的情况 宁夏东方钽业股份有限公司（以 ...

Group 1 - The company, Ningxia Dongfang Tantalum Industry Co., Ltd., has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific targets as of January 7, 2026 [1] - The company has updated and revised the prospectus and related documents in accordance with project progress and regulatory requirements, which are available on the official website [1] - The issuance of shares is subject to approval from the China Securities Regulatory Commission (CSRC), and the timing and outcome of this approval remain uncertain [2]

Core Viewpoint - The company, Dongfang Tantalum, aims to focus on its core business of tantalum and niobium, emphasizing a development philosophy that includes full wet processing, optimizing tantalum powder, stabilizing tantalum wire, expanding pyrometallurgy, strengthening products, and enhancing supply chain development [2] Group 1 - The company will continue to optimize its industrial development layout [2] - The company plans to strengthen technological innovation and lean management [2] - The goal is to achieve industrial scale and quality efficiency [2]

Core Viewpoint - The company emphasizes that its production and operations must consider multiple factors, including market demand, inventory structure, customer orders, customized requirements, resource endowment, and long-term development [1] Pricing Strategy - The company's product pricing is primarily based on fluctuations in raw material prices, while also taking into account customer demand, its own cost structure, production cycles, and market conditions during negotiations with clients [1] - The sales price of the company's products is mainly determined through a cost-plus model, where prices, order quantities, and technical specifications are negotiated on a one-on-one basis with major customers [1] - Customers typically reference the average raw material prices from a period prior to contract signing to determine pricing levels [1] Market Dynamics - There is a certain lag in the transmission of raw material price changes to the sales prices of finished products due to factors such as pricing models, market competition, and coordination of customer relationships [1]

（宁夏回族自治区石嘴山市大武口区冶金路） 2025 年向特定对象发行 A 股股票 募集说明书 （注册稿） 保荐人（主承销商） 证券代码：000962 证券简称：东方钽业 宁夏东方钽业股份有限公司 （深圳市福田区福田街道福华一路 111 号） 二〇二六年一月 宁夏东方钽业股份有限公司 2025 年向特定对象发行 A 股股票募集说明书 声明 本公司及全体董事、高级管理人员承诺募集说明书及其他信息披露资料不 存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性 承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财 务会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申 请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由 发行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担证券依法发行后因发行人经营与收益变化或者证券价格变动引致 ...

宁夏东方钽业股份有限公司 关于向特定对象发行股票提交募集说明书 （注册稿）等文件的提示性公告 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。 证券代码：000962 证券简称：东方钽业 公告编号：2026-003 号 公司根据项目实际进展及有关审核要求，会同相关中介机构对募集说 明书等申请文件内容进行了更新和修订，具体内容详见公司同日刊载于巨 潮资讯网（www.cninfo.com.cn）上的《宁夏东方钽业股份有限公司向特定 对象发行 A 股股票募集说明书（注册稿）》等相关文件。 公司本次向特定对象发行股票事项尚需获得中国证监会作出同意注册 的决定后方可实施，最终能否获得中国证监会同意注册的决定及其时间尚 存在不确定性。公司将根据该事项的进展情况及时履行信息披露义务，敬 请广大投资者注意投资风险。 特此公告。 宁夏东方钽业股份有限公司董事会 2026 年 1 月 14 日 宁夏东方钽业股份有限公司（以下简称"公司"）申请向特定对象发 行股票已于 2026 年 1 月 7 日获得深圳证券交易所上市审核中心审核通过， 具 体 内 容 详 见 公 司 于 2026 ...