格隆汇7月31日丨尚太科技(001301.SZ)公布，持有公司股份960,000股的公司董事齐仲辉先生（持有本公 司总股本剔除回购专用证券账户中股份数量后的股份总数比例为0.3696%）、800,000股的监事孙跃杰先 生（持有本公司总股本剔除回购专用证券账户中股份数量后的股份总数比例为0.3080%）、792,000股的 左宝增先生（持有本公司总股本剔除回购专用证券账户中股份数量后的股份总数比例为0.3049%），持 有175,000股的高级管理人员王惠广先生（持有本公司总股本剔除回购专用证券账户中股份数量后的股 份总数比例为0.0674%）计划自本公告披露之日起15个交易日之后的3个月内（根据中国证券监督管理 委员会或深圳证券交易所相关规定禁止减持的期间除外）以集中竞价方式或大宗交易方式减持本公司股 份合计不超过681,750股（占公司目前总股本不超过0.2614%）。若计划减持期间有派息、送股、资本公 积金转增股本、配股等除权除息事项，减持价格区间和股份数将相应进行调整。 ...

证券代码：001301 证券简称：尚太科技 公告编号：2025-088 石家庄尚太科技股份有限公司 关于部分董事、监事和高级管理人员减持股份的预披露公 告 部分董事、监事和高级管理人员齐仲辉、孙跃杰、左宝增、王惠广保证 向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 持有石家庄尚太科技股份有限公司（以下简称"公司"或"本公司"）股份 960,000 股的公司董事齐仲辉先生（持有本公司总股本剔除回购专用证券账户中 股份数量后的股份总数比例为 0.3696%）、800,000 股的监事孙跃杰先生（持有 本公司总股本剔除回购专用证券账户中股份数量后的股份总数比例为 0.3080%）、792,000 股的左宝增先生（持有本公司总股本剔除回购专用证券账户 中股份数量后的股份总数比例为 0.3049%），持有 175,000 股的高级管理人员王 惠广先生（持有本公司总股本剔除回购专用证券账户中股份数量后的股份总数比 例为 0.0674%）计划自本公告披露之日起 15 个交易日之后的 3 个月内（根据中 国证券 ...

尚太科技（001301）公告，董事齐仲辉持股96万股、监事孙跃杰80万股、监事左宝增79.2万股、高级管 理人员王惠广17.5万股，四人计划自披露之日起15个交易日后的3个月内，通过集中竞价或大宗交易方 式合计减持不超过68.17万股，占公司目前总股本的0.2614%。其中，齐仲辉拟减持24万股，孙跃杰20万 股，左宝增19.8万股，王惠广43750股。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - North - Exchange convertible bonds have certain special features in terms of clause settings and transfer transactions, with relatively low overall issuance scale. In the current policy environment encouraging mergers and acquisitions, private placement convertible bonds may become an important tool for North - Exchange listed companies to introduce strategic investors and be widely used as a payment instrument for M&A. With the slowdown of new supply of public convertible bonds in the Shanghai and Shenzhen Stock Exchanges, continuous attention to North - Exchange related investment opportunities is recommended [2][13]. - Considering the impact of refinancing policies, the subsequent issuance pressure of convertible bonds is expected to be low. As the stock market recovers, the return of incremental funds in convertible bonds drives the valuation to a relatively high historical level, and attention should be paid to the risk of valuation correction. In terms of clauses, continue to focus on the space for lower - revision games, be vigilant against call risks, and appropriately focus on short - term game opportunities of near - maturity convertible bonds. Industries to focus on include popular themes, domestic demand - oriented sectors, central state - owned enterprises under the Chinese characteristic valuation system, and the military industry [16]. 3. Summary According to the Directory 3.1.转债周度专题与展望 3.1.1. 北交所转债怎么看？ - As of July 25, there were 5 convertible bond proposals on the North - Exchange. The current proposals are all private placement convertible bonds with an issuance scale within 150 million yuan. North - Exchange private placement convertible bonds usually do not have a "downward revision clause", suspend transfer 10 trading days before the end of the conversion period, have a clear 18 - month conversion restriction requirement, and a non - call period of at least 6 months [1][10]. - Taking the private placement convertible bonds of Youji Co., Ltd. as an example, it has obvious features in the initial conversion price, conditional call clause, non - downward revision clause, and put period. Other clauses are relatively conventional, with an issuance term of 6 years and a put trigger threshold of 70% [11][13]. 3.1.2. 周度回顾与市场展望 - This week, the three major stock indices fluctuated upward, with active trading and obvious rotation of hot sectors. The A - share market valuation is recovering. Measures such as large - scale equipment renewal and consumer goods replacement are expected to boost domestic demand, while export growth may decline. A weak resonance between the domestic economic fundamentals and the capital market is expected to gradually start [14][15]. - In terms of convertible bonds, considering the impact of refinancing policies, the subsequent issuance pressure is expected to be low. As the stock market recovers, the return of incremental funds drives the valuation to a relatively high historical level, and attention should be paid to the risk of valuation correction. Industries to focus on include popular themes, domestic demand - oriented sectors, central state - owned enterprises under the Chinese characteristic valuation system, and the military industry [16]. 3.2. 转债市场周度跟踪 3.2.1. 权益市场收涨，建材煤炭钢铁领涨 - This week, the major equity market indices rose. The market style was more inclined to small - cap value stocks. Among the 27 Shenwan industry indices, 27 rose and 4 fell. Building materials, coal, and steel industries led the market [19][22]. 3.2.2. 转债市场大涨，百元溢价率中位数抬升 - This week, the convertible bond market rose. The average daily trading volume increased. Most industries in the convertible bond market rose, with coal, building materials, and petroleum and petrochemical industries leading the gains. Only bank convertible bonds fell. Most individual bonds rose. In terms of price, the number of absolute low - price convertible bonds decreased, and the median price increased significantly. The weighted conversion value of the whole market increased, and the premium rate decreased [24][31][36]. 3.2.3. 不同类型转债高频跟踪 3.2.3.1. 分类估值变化 - This week, the valuations of equity - biased and balanced convertible bonds increased significantly, with a higher increase in balanced convertible bonds. The valuations of convertible bonds with a parity of 0 - 80 yuan and above 130 yuan decreased, while those of other parity convertible bonds increased. The valuations of most convertible bonds of each rating decreased, and the valuations of convertible bonds in each scale category decreased [51]. 3.2.3.2. 市场指数表现 - This week, convertible bonds of all ratings rose. Since 2023, high - rating AAA convertible bonds have shown stable performance, while low - rating convertible bonds have shown weaker anti - decline attributes and greater rebound strength. Convertible bonds of all scales rose this week [62][64]. 3.3. 转债供给与条款跟踪 3.3.1. 本周一级预案发行 - Two new convertible bonds were listed this week, and one was issued but not yet listed. The first - day closing prices of Libo Convertible Bonds and Guanghe Convertible Bonds were 129.46 yuan and 129.80 yuan respectively, with reasonable pricing. The scale of the to - be - listed Bo 25 Convertible Bonds is 2.802 billion yuan. There were 9 first - level approvals this week [69]. 3.3.2. 下修&赎回条款 - This week, 9 convertible bonds were expected to trigger downward revision, 9 announced no downward revision, 2 proposed downward revision, and 1 announced the downward - revision result. Thirteen convertible bonds were expected to trigger call, 4 announced no call, and 4 announced early call. As of the end of this week, 3 convertible bonds were still in the put declaration period, and 19 were in the company's capital reduction and settlement declaration period [73][77][79].

Group 1 - The company plans to issue convertible bonds to meet funding needs, expand operations, and enhance competitiveness [2][3][9] - The convertible bonds will be listed on the Shenzhen Stock Exchange and will be offered to unspecified investors, with existing shareholders having priority [3][4][5] - The total amount to be raised through this issuance will not exceed RMB 173,400 million, which will be used for a project to produce 200,000 tons of lithium battery anode materials [11][15][25] Group 2 - The company has demonstrated a sound organizational structure and has met the requirements for issuing convertible bonds under relevant laws [9][24] - The average distributable profit over the last three years is sufficient to cover the interest on the bonds, with figures of RMB 128,945.45 million, RMB 72,290.50 million, and RMB 83,832.71 million [10][24] - The company has a reasonable asset-liability structure and normal cash flow, with debt ratios of 41.41%, 23.64%, and 32.38% [10][11] Group 3 - The company has maintained profitability over the last three years, with net profits of RMB 128,144.33 million, RMB 71,327.50 million, and RMB 80,855.43 million [11][25] - The issuance plan has been carefully considered by the board and is expected to benefit the company and all shareholders [27] - The company has established measures to mitigate the dilution of immediate returns for existing shareholders [28]

Core Viewpoint - The company, Shijiazhuang Shangtai Technology Co., Ltd., is issuing convertible bonds to unspecified investors, which may dilute immediate returns but includes measures to compensate for this dilution [2][7][12]. Financial Impact Analysis - The issuance of convertible bonds is analyzed under two scenarios: full conversion by March 31, 2026, and no conversion by December 31, 2026, to assess the impact on key financial metrics [2][3]. - The company's net profit for 2025 and 2026 is projected under three growth rate scenarios: 0%, 10%, and 20%, with corresponding basic and diluted earnings per share calculated for each scenario [6][9]. Measures to Mitigate Dilution - The company plans to enhance its core business operations to improve market competitiveness and profitability, thereby mitigating the risk of diluted returns [12][13]. - A commitment to efficient use of raised funds is established, ensuring that the funds are allocated to projects that align with industry trends and have strong market potential [12][13]. - The company has developed a dividend policy to ensure shareholder returns, particularly for minority shareholders, and has outlined a three-year dividend plan [13][14]. Project Justification - The funds raised will support the "Annual Production of 200,000 Tons of Lithium Battery Anode Material Integration Project," which is aligned with the company's existing business and technological capabilities [9][10]. - The project is expected to enhance the company's market position and competitive strength, contributing positively to its strategic development [9][10]. Human Resource and Technical Preparedness - The company has a well-prepared team with expertise in both carbon materials and lithium battery technology, ensuring effective project execution [10][11]. - A robust patent portfolio and ongoing technical collaborations with leading battery manufacturers position the company favorably in the market [10][11]. Commitment from Management - The company's board and senior management have made commitments to ensure the effectiveness of measures to compensate for any dilution of returns, emphasizing their responsibility to protect shareholder interests [14][15].

Summary of Key Points Core Viewpoint - The company, Shijiazhuang Shangtai Technology Co., Ltd., has decided to terminate its share repurchase plan ahead of schedule due to sufficient repurchased shares to meet its employee stock ownership plan and/or equity incentive needs [3][4]. Group 1: Share Repurchase Plan - The company initially approved a share repurchase plan on October 13, 2024, allowing for the repurchase of shares using self-owned or raised funds, with a maximum repurchase amount of RMB 100 million [1][2]. - As of the announcement date, the company had repurchased a total of 1,106,100 shares, representing 0.4241% of the total share capital, with a total expenditure within the planned budget [2][5]. Group 2: Reasons for Early Termination - The decision to terminate the share repurchase was made after careful consideration, as the repurchased shares were sufficient for the intended employee stock ownership plan and/or equity incentives [3][4]. - The board of directors approved the termination on July 21, 2025, without needing to submit the decision to the shareholders' meeting [3]. Group 3: Impact of Termination - The early termination of the share repurchase is expected to enhance the company's risk resistance and improve capital utilization efficiency, aligning with the company's long-term interests [4][5]. - The termination does not negatively impact the company's operations, financial status, or shareholder rights [4]. Group 4: Compliance and Future Arrangements - The repurchased shares will be used for equity incentives or employee stock ownership plans, and any unutilized shares within 36 months will be canceled [5]. - The company has complied with relevant regulations regarding the timing and pricing of the share repurchase [5].

General Provisions - The company is established to protect the legal rights of shareholders and creditors, and to regulate its organization and behavior according to relevant laws and regulations [1][2] - The company was approved by the China Securities Regulatory Commission to issue 64.9437 million shares of common stock to the public on October 25, 2022, and was listed on the Shenzhen Stock Exchange on December 28, 2022 [1][3] Company Information - The registered name of the company is Shijiazhuang Shangtai Technology Co., Ltd., with a registered capital of RMB 260.80235 million [2][4] - The company has a business duration of 50 years, from September 27, 2008, to September 26, 2058 [2] Share Structure - The total number of shares issued by the company is 260.80235 million, all of which are common shares [6] - The company’s shares are issued in the form of stocks, with each share having a par value of RMB 1 [5][6] Business Objectives and Scope - The company's business objective is to rely on modern management and advanced technology to provide substantial returns to shareholders and fulfill social responsibilities [4] - The business scope includes the development, production, and sales of lithium-ion battery anode materials, carbon products manufacturing and sales, and import-export business of various goods and technologies [4][5] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including the right to propose and vote on matters at shareholder meetings [11][12] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not abuse their rights to harm the company or other shareholders [15][40] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring once a year [45] - Shareholder meetings can be convened by the board of directors or at the request of shareholders holding more than 10% of the shares [20][22] Voting and Resolutions - Resolutions at shareholder meetings can be classified as ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds approval [79][80] - The company must ensure that all proposals for shareholder meetings are disclosed in full detail, including the qualifications of candidates for director and supervisor positions [60][61]

Group 1 - The company has revised its plan for issuing convertible bonds to unspecified objects, ensuring that the fundraising amount and usage align with its operational needs and overall interests, without harming the interests of shareholders, especially minority shareholders [1][2] - The decision-making process for the revised bond issuance plan complies with relevant laws, regulations, and the company's articles of association, confirming the legality and validity of the meeting and resolutions [1][2] - The independent opinions on the feasibility of the revised bond issuance plan, the analysis report, and the fund usage feasibility report all affirm that these revisions are practical and do not harm shareholder interests [2][3][4] Group 2 - The company has adjusted the repurchase price for restricted stock under the 2023 incentive plan, which is in accordance with relevant regulations and will not adversely affect the company's financial status or the implementation of the incentive plan [3][4] - The company plans to repurchase and cancel 35,000 shares of restricted stock from a former incentive recipient who left for personal reasons, which is also compliant with regulations and will not harm shareholder interests [4] - The conditions for lifting the restrictions on the first tranche of the restricted stock incentive plan have been met, allowing for the release of 57,100 shares to 10 eligible recipients, in accordance with the relevant regulations [4]

Core Viewpoint - The legal opinion letter from Beijing Zhonglun (Shenzhen) Law Firm confirms that Shijiazhuang Shangtai Technology Co., Ltd. has met the necessary conditions for the first unlock period of its 2023 restricted stock incentive plan and outlines the details regarding the repurchase and cancellation of certain restricted stocks [1][2][18]. Group 1: Unlock Conditions - The first unlock period for the restricted stocks is defined as starting from the first trading day after 12 months from the completion of the grant registration, lasting until the last trading day within 24 months from the grant registration date, which is set for July 18, 2024 [9][10]. - The conditions for unlocking include the company's performance metrics, such as a net profit increase of no less than 25% compared to 2023 or a sales volume increase of no less than 25% for negative electrode materials [10][12]. - As of the date of the legal opinion, the company has not encountered any disqualifying events that would prevent the unlocking of the restricted stocks [11][12]. Group 2: Repurchase and Cancellation - The repurchase and cancellation of restricted stocks are triggered by the departure of one incentive object, leading to the decision to repurchase 35,000 shares, which represents a small fraction of the total share capital [14][15]. - The repurchase price is set to be the grant price plus the interest from the People's Bank of China for the same period, with adjustments made for any corporate actions affecting the stock price [15][17]. - The repurchase and cancellation process requires approval from the company's shareholders and must comply with relevant regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [18].