Meeting Details - The first extraordinary general meeting of 2025 was held on October 30, 2025, at 14:30, with both on-site and online voting options available [2][3] - A total of 78 shareholders and proxies attended the meeting, representing 275,059,755 voting shares, which is 53.6051% of the total [4] Resolutions Passed - The proposal to repurchase and cancel part of the restricted stock from the 2024 incentive plan was approved, with 99.9660% of the votes in favor [6] - The proposal to change the registered capital and amend the Articles of Association was approved with 99.1912% in favor [7] - Multiple governance system amendments were approved, including revisions to the rules for shareholder meetings and board meetings, all receiving over 99% approval [8][9][10][12][13][14] - The election of non-independent directors Jason Daniel Merszei, Martin Paul Melhorn, and William Kaz Piotrowski was successful, with votes in favor exceeding 99% [15][17][19] - Independent directors Su Liyun and Jiang Hong were also elected with over 99% approval [20][22] - The appointment of the auditing firm for 2025 was approved with 99.9484% in favor [24] Legal Opinions - The legal opinion from Beijing Zhonglun Law Firm confirmed that the meeting's procedures and results complied with relevant laws and regulations [25] Documentation - The resolutions from the first extraordinary general meeting of 2025 and the legal opinion from the law firm are available for review [26][27]

Core Viewpoint - Luyang Energy is a leading company in the domestic ceramic fiber industry, with significant scale and cost advantages, focusing on the research, production, and sales of refractory insulation products [1] Group 1: Business Performance - In Q3 2025, Luyang Energy reported revenue of 1.773 billion, ranking 4th in the industry, below the industry average of 2.203 billion but above the median of 1.639 billion [2] - The net profit for the same period was 103 million, ranking 2nd in the industry, exceeding the industry average of 79.018 million and the median of 47.6036 million [2] Group 2: Financial Ratios - As of Q3 2025, Luyang Energy's debt-to-asset ratio was 19.58%, down from 26.26% year-on-year and significantly lower than the industry average of 45.51%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 24.62%, down from 29.61% year-on-year but still above the industry average of 18.99% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.26% to 13,700, while the average number of circulating A-shares held per shareholder increased by 12.86% to 37,000 [5] - Notable changes among the top ten circulating shareholders include E Fund CSI Red Chip ETF increasing its holdings by 246,700 shares, while Hong Kong Central Clearing Limited entered the list as a new shareholder with 3.0636 million shares [5] Group 4: Management Compensation - The president of Luyang Energy, Brian Eldon Walker, received a salary of 689,100 in 2024, with a background in companies like Walmart and Kimberly Clark [4]

证券代码：002088 证券简称：鲁阳节能 公告编号：2025-049 山东鲁阳节能材料股份有限公司 2025年第一次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案情形。 2、本次股东大会未涉及变更前次股东大会决议的情形。 一、会议召开和出席情况 1、召开时间： （1）现场会议召开时间：2025 年 10 月 30 日（星期四）下午 14：30 （2）网络投票时间：2025 年 10 月 30 日（星期四） 其中，通过深圳证券交易所（以下简称"深交所"）交易系统进行网络投票的具体时 间为：2025 年 10 月 30 日 9：15-9：25，9：30-11：30 和 13：00-15：00；通过深交所 互联网投票系统投票的具体时间为：2025 年 10 月 30 日上午 9：15 至下午 15：00 期间。 2、会议召开地点：山东省淄博市沂源县城沂河路 11 号山东鲁阳节能材料股份有限 公司（以下简称"公司"）会议室。 3、会议召集人、主持人：本次股东大会由公司董事会召集，由董事长 John C ...

证券代码：002088 证券简称：鲁阳节能 公告编号：2025-050 1、申报时间：2025 年 10 月 31 日起 45 日内，工作日 9:00-17:00 2、申报地址：山东省淄博市沂源县城沂河路 11 号山东鲁阳节能材料股份有限公 司 3、联系人：公司证券部 4、联系电话：0533-3283708 山东鲁阳节能材料股份有限公司 关于回购注销部分限制性股票减资暨通知债权人的公告 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。 山东鲁阳节能材料股份有限公司（以下简称"公司"）于 2025 年 10 月 13 日召开第 十一届董事会第十八次（临时）会议及第十一届监事会第十四次（临时）会议，并于 2025 年 10 月 30 日召开 2025 年第一次临时股东大会，审议通过了《关于回购注销 2024 年限制性股票激励计划部分限制性股票的议案》，公司 2024 年限制性股票激励计划（以 下简称"本激励计划"）部分激励对象因离职而不再具备激励对象资格；本激励计划首 次授予部分第一个解除限售期公司层面业绩考核目标未完全达成；本激励计划首次授 予部分第一个解除限售期 ...

北京市中伦律师事务所 关于山东鲁阳节能材料股份有限公司 2025 年第一次临时股东大会的法律意见书 致：山东鲁阳节能材料股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受山东鲁阳节能材料股份有限 公司（以下简称"公司"）的委托，就公司 2025 年第一次临时股东大会（以下简 称"本次会议"）相关事宜，根据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司股东会规则》《深圳证券交易所股票上市规则》等法律、法规和 规范性文件及现行有效的《山东鲁阳节能材料股份有限公司章程》（以下简称《" 公 司章程》"），依法出具本法律意见书。 本法律意见书仅就本次会议的召集和召开程序、出席会议人员资格、召集人 资格、本次会议表决程序及表决结果等事项发表法律意见，并不对本次大会所审 议议案的内容以及前述议案所表述的事实或数据的真实性和准确性发表意见。本 所律师并假定：公司提交给本所律师的所有资料（包括但不限于有关人员的居民 身份证、授权委托书、营业执照、股东名册、网络投票结果等）均真实、准确、 完整；该等资料上的签字、印鉴均系真实，签署人均具有完全的民事行为能力， 且其签署行为已获得恰当、有效的授权或履行了必要的 ...

Core Viewpoint - The company reported a significant decline in financial performance for the third quarter of 2025, with major reductions in revenue, net profit, and cash flow, primarily due to market competition and changes in the market environment [5][6][10]. Financial Data Summary Major Financial Indicators - Cash and cash equivalents decreased by 407 million yuan, a reduction of 62.38%, mainly due to profit distribution for the year 2024 [5]. - Accounts receivable decreased by 193 million yuan, down 31.07%, attributed to increased receipt of bill endorsements [5]. - Construction in progress increased by 6.79 million yuan, up 77.25%, due to the addition of new projects [5]. - Total revenue decreased by 766 million yuan, a decline of 30.19%, influenced by market competition [6]. - Net profit decreased by 238 million yuan, down 69.73%, primarily due to revenue decline [6]. Cash Flow Analysis - Cash received from sales decreased by 758 million yuan, a drop of 30.90%, reflecting reduced cash inflow from sales [6]. - Net cash flow from operating activities decreased by 336 million yuan, down 96.27%, indicating a significant drop in cash inflow [6]. - Cash flow from investment activities increased significantly by 128 million yuan, up 93.01%, mainly due to the maturity of large certificates of deposit [6]. Corporate Governance - The board of directors and supervisory board confirmed the accuracy and completeness of the quarterly report, taking legal responsibility for its content [2][10]. - The third-quarter financial report was not audited [3][9]. Management Changes - The board approved the appointment of Zhang Rong as the deputy manager, with her salary structured based on market levels and company performance [13][14].

证券代码：002088 证券简称：鲁阳节能 公告编号：2025—047 山东鲁阳节能材料股份有限公司 第十一届监事会第十五次会议决议公告 本公司及监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、监事会会议召开情况 山东鲁阳节能材料股份有限公司（以下简称"公司"）第十一届监事会第十五次会 议于 2025 年 10 月 17 日以电子邮件的方式通知全体监事，本次会议于 2025 年 10 月 27 日以视频会议方式召开。会议由监事会主席王侃先生主持，应参加会议监事 3 人，实 际参加会议监事 3 人。公司部分高级管理人员列席了会议，会议程序符合《公司法》 等法律法规及《公司章程》的规定，会议合法有效。 二、监事会会议审议情况 经与会监事认真审议，以投票表决的方式审议通过以下议案： 1、审议通过《公司 2025 年第三季度报告》 表决结果：同意 3 票，反对 0 票，弃权 0 票。 经审核，监事会认为董事会编制和审核公司2025 年第三季度报告的程序符合法律、 行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司的实际情况， 不存在任何虚假记载、误导性陈述或 ...

证券代码：002088 证券简称：鲁阳节能 公告编号：2025-046 山东鲁阳节能材料股份有限公司 第十一届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 山东鲁阳节能材料股份有限公司（以下简称"公司"）第十一届董事会第二十次 会议通知及补充通知分别于 2025 年 10 月 17 日、10 月 20 日、10 月 23 日和 10 月 25 日以电子邮件的方式发送全体董事，全体与会董事一致同意豁免本次会议补充通知的 通知时限。本次会议于 2025 年 10 月 27 日以视频会议方式召开。会议由董事长 John Charles Dandolph Iv 先生主持，应参加会议董事 8 人，实际参加会议董事 8 人。监事 会成员及公司部分高级管理人员列席了会议，会议程序符合《公司法》等法律法规及 《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 表决结果：同意 8 票，反对 0 票，弃权 0 票。 董事会聘任张蓉女士（简历附后）为公司副经理，任期自本次董事会审议通过之 日起至第十一届董事会任期届满之日 ...

Revenue and Profit - Revenue for Q3 2025 was CNY 600,593,341.28, a decrease of 35.20% year-over-year, and year-to-date revenue was CNY 1,773,130,668.31, down 30.19% compared to the previous year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 26,815,413.02, a decline of 80.11% year-over-year, with year-to-date net profit at CNY 103,439,078.85, down 69.73%[4] - Basic earnings per share for Q3 2025 was CNY 0.0529, a decrease of 80.13% year-over-year, while diluted earnings per share was CNY 0.0528, down 80.17%[4] - Total operating revenue for the current period was ¥1,773,130,668.31, a decrease of 30.2% compared to ¥2,539,970,677.47 in the previous period[25] - Net profit for the current period was ¥103,439,078.85, a decline of 69.7% from ¥341,737,329.04 in the previous period[26] - The net profit attributable to the parent company's shareholders for the current period is CNY 103,439,078.85, compared to CNY 341,737,329.04 in the previous period, indicating a significant decline[27] - The total comprehensive income for the current period is CNY 103,523,227.89, down from CNY 342,042,396.78 in the previous period[27] - The basic earnings per share for the current period is CNY 0.1983, compared to CNY 0.6667 in the previous period, reflecting a decrease[28] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 3,230,918,815.10, a reduction of 17.94% from the end of the previous year[5] - Total assets decreased to ¥3,230,918,815.10 from ¥3,937,409,853.98, representing a reduction of 17.9%[22] - The company’s total liabilities decreased by 17.94% compared to the previous year, reflecting a strategic reduction in financial obligations[5] - Total liabilities decreased to ¥632,730,084.92 from ¥1,044,152,132.05, a decrease of 39.5%[23] - The company reported a significant reduction in accounts payable, which decreased to ¥342,332,077.85 from ¥628,608,411.39, a decrease of 45.5%[22] - The company’s equity attributable to shareholders decreased to ¥2,598,188,730.18 from ¥2,893,257,721.93, a decline of 10.2%[23] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 13,030,298.87, a significant decrease of 96.27% compared to the previous year[4] - The net cash flow from operating activities is CNY 13,030,298.87, a sharp decline from CNY 349,576,111.87 in the previous period[28] - Cash inflows from operating activities totaled CNY 1,756,751,806.06, down from CNY 2,526,774,599.41 in the previous period[28] - Cash outflows from operating activities amounted to CNY 1,743,721,507.19, compared to CNY 2,177,198,487.54 in the previous period[28] - The net cash flow from investing activities is -CNY 9,674,930.70, compared to -CNY 138,383,501.07 in the previous period, indicating a slight improvement[29] - The net cash flow from financing activities is -CNY 407,860,047.98, compared to -CNY 372,009,363.72 in the previous period, showing an increase in cash outflows[29] - The cash and cash equivalents at the end of the period stand at CNY 236,721,526.70, down from CNY 434,953,342.22 in the previous period[29] Expenses - The company reported a decrease in sales expenses of CNY 50,958,608.64, down 30.20% year-over-year, attributed to declining performance[11] - Research and development expenses decreased by CNY 13,978,202.20, a reduction of 35.41% year-over-year, due to varying stages of R&D projects[11] - Total operating costs for the current period were ¥1,616,258,705.30, down 23.8% from ¥2,122,516,426.10 in the previous period[25] Other Financial Metrics - Cash received from sales of goods and services decreased by CNY 758,057,038.94, down 30.90% year-over-year, primarily due to reduced cash receipts from sales[13] - The company experienced a 71.94% decrease in operating profit, amounting to a reduction of CNY 301,884,215.24, mainly due to declining revenue and other income[12] - Cash inflow from investment activities increased by ¥10,414,717.16, a growth of 1617.30%, mainly due to the maturity of certain large certificates of deposit during the reporting period[14] - The net cash flow from investment activities increased by ¥128,708,570.37, a growth of 93.01%, attributed to the maturity of certain large certificates of deposit, while no large certificates were purchased in the current reporting period[14] - Cash outflow from investment activities decreased by ¥118,293,853.21, a decline of 85.09%, primarily due to the absence of large certificate purchases in the current reporting period[14] - Cash inflow from financing activities decreased by ¥39,702,200.00, a decline of 100.00%, as there were no occurrences of the restricted stock incentive plan during the reporting period[14] - The cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by ¥47,188,019.87, a decline of 69.47%, primarily due to reduced payments for projects and equipment during the reporting period[14] - The impact of exchange rate changes on cash and cash equivalents increased by ¥375,046.07, a growth of 43.83%, mainly due to increased income affected by exchange rate changes during the reporting period[14] - Cash paid for other financing activities increased by ¥15,528,859.33, a growth of 702.82%, primarily due to payments related to the repurchase obligations of restricted stocks during the reporting period[14] - Cash received from other investment activities increased by ¥10,945,000.00, a growth of 100.00%, mainly due to the maturity of certain large certificates of deposit during the reporting period[14] Audit Status - The company has not undergone an audit for the third quarter financial report[31]

Group 1 - The company held its 19th temporary board meeting on October 20, 2025, where all eight participating directors unanimously agreed to waive the notice period for the meeting [2][3] - The board approved the proposal to elect Jiang Hong as an independent director, pending approval from the Shenzhen Stock Exchange and the upcoming shareholders' meeting [3][8] - Jiang Hong has a strong academic and professional background, including a PhD in Metallurgical Engineering and extensive experience in various technical and managerial roles in international companies [6][7] Group 2 - The company announced the first temporary shareholders' meeting for 2025, scheduled for October 30, 2025, to discuss the newly added proposal regarding the election of an independent director [8][9] - The meeting will combine on-site voting and online voting, with specific time slots for each voting method [11][17] - Shareholders holding more than 1% of the company's shares can propose temporary agenda items, and the controlling shareholder has submitted a proposal that meets the legal requirements [9][10]