证券代码：002145 证券简称：中核钛白 公告编号：2025-063 中核华原钛白股份有限公司 2025 年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情况。 3、现场会议召开地点：北京市顺义区安祥大街 12 号院 6 号楼 9 层中核钛白 会议室。 4、召开方式：现场投票和网络投票相结合的方式。 5、召集人：公司董事会。 6、主持人：公司董事长袁秋丽女士。 7、本次股东会的召开符合《公司法》《深圳证券交易所股票上市规则》《上 市公司股东会规则》及《公司章程》等法律、法规、规范性文件及公司制度的规 定。 （二）会议出席情况 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）召开会议的基本情况 1、现场会议召开时间：2025 年 6 月 20 日（星期五）14:30。 2、网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 6 月 20 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所 互联网投 ...

Core Viewpoint - China Nuclear Titanium Dioxide (中核钛白) announced the termination of its 2021 non-public stock issuance projects, specifically the "Water-soluble Phosphate Monoammonium (Water-soluble Fertilizer) Resource Recycling Project" and the "Annual Production of 500,000 Tons of Iron Phosphate Project," reallocating the remaining raised funds of 1.666 billion yuan to supplement working capital for daily operations and business development [3][10] Company Summary - The decision to terminate the projects was influenced by significant changes in the supply-demand relationship in the downstream market for water-soluble phosphate monoammonium and iron phosphate, leading to a slowdown in demand growth and overall industry profitability falling below expectations [3][7] - The company had initially planned to raise up to 7.091 billion yuan for various projects, including the aforementioned projects and working capital, but the actual net funds raised in 2023 amounted to 5.249 billion yuan [3] - As of April 30, 2025, the original total investment commitment for the iron phosphate project was 3.385 billion yuan, later adjusted to 2.524 billion yuan, with cumulative investment of 1.309 billion yuan [4] Industry Summary - The iron phosphate industry has seen rapid capacity expansion since the second half of 2020, with many companies attempting to diversify into the lithium battery sector, but increasing market competition and raw material price fluctuations have made this transition challenging [4][6] - The domestic iron phosphate production is projected to reach 2.0276 million tons in 2024, a 47.87% increase from 1.3712 million tons in 2023, while prices are expected to remain low, with a year-on-year decline of 20.67% [8] - The supply-demand imbalance in the iron phosphate market is exacerbated by rapid capacity growth and insufficient demand from the electric vehicle and energy storage sectors, leading to a projected excess capacity of over 3 million tons by 2025 [8][9] - The prices of key raw materials for iron phosphate production, such as phosphate rock and sulfuric acid, have been volatile and generally on the rise, increasing cost pressures for production companies [9]

Core Viewpoint - China Nuclear Titanium Dioxide (中核钛白) announced the termination of its 2021 non-public stock issuance projects, specifically the "Water-soluble Monoammonium Phosphate Resource Recycling Project" and the "Annual Production of 500,000 Tons of Iron Phosphate Project," reallocating the remaining raised funds of 1.666 billion yuan to supplement working capital for daily operations and business development [1][8]. Group 1: Project Termination Reasons - The termination of the projects is attributed to significant changes in the supply-demand relationship in the downstream market for water-soluble monoammonium phosphate and iron phosphate, leading to a slowdown in demand growth and overall industry profitability falling below expectations [1][5]. - The gross profit margin for iron phosphate has dropped into negative territory due to severe homogeneity and low technical barriers in the midstream of the supply chain [1][6]. Group 2: Financial and Operational Details - In May 2021, the company planned to raise no more than 7.091 billion yuan for various projects, including the terminated ones, but by 2023, the actual net funds raised amounted to 5.249 billion yuan [2]. - As of April 30, 2025, the original total investment commitment for the iron phosphate project was 3.385 billion yuan, later adjusted to 2.524 billion yuan, with cumulative investment of 1.309 billion yuan [2]. Group 3: Market Environment and Competition - The iron phosphate industry has seen rapid capacity expansion since the second half of 2020, with many companies attempting to diversify into lithium battery materials, but increasing market competition and raw material price volatility have made this transition challenging [3][4]. - The domestic production of iron phosphate is projected to reach 2.0276 million tons in 2024, a 47.87% increase from 1.3712 million tons in 2023, while prices are expected to remain low, with a year-on-year decline of 20.67% [6][7]. Group 4: Strategic Decision-Making - The decision to terminate the projects was made based on business development needs and current market conditions, aiming to enhance fund utilization efficiency and optimize resource allocation, which is expected to support the company's long-term strategic development without harming shareholder interests [8].

Group 1 - CATL signed a strategic cooperation agreement with Dongfeng Nissan to focus on battery technology R&D, product innovation, and market expansion, with plans to launch multiple models equipped with jointly developed battery systems by 2026 [1] - The collaboration will prioritize the application of technologies such as full-domain supercharging, CIIC integrated intelligent chassis, and 800 V high-voltage platforms in Dongfeng Nissan's vehicle development [1] Group 2 - Envision Energy's battery super factory in Douai, France, officially commenced production, with an initial capacity of 10 GWh to supply batteries for 200,000 electric vehicles, including those for Renault [2] - The successful launch of the French factory is expected to accelerate the electrification of the European automotive market, aligning with Envision's vision of promoting global prosperity through Chinese new energy [2] - By May 2025, Envision Energy plans to establish 13 battery manufacturing bases across China, Japan, the United States, the United Kingdom, France, and Spain [2] Group 3 - Delong Holdings announced an investment of approximately 300 million yuan to establish a new lithium battery pilot and industrialization project, along with an intelligent motor industrialization project in Huzhou, Zhejiang [4] - The project will involve a fixed investment of about 250 million yuan, focusing on the construction of a new lithium battery production line and the initial phase of R&D for new lithium batteries, with plans for a second phase to produce 1 GWh annually [4] - Funding for the project will come from the company's own resources and self-raised funds [4]

Core Viewpoint - Lithium prices have dropped below 60,000 yuan/ton, leading to a trend of capacity reduction in the industry, particularly among cross-industry companies that have entered the lithium battery sector [1][2] Industry Trends - The trend of capacity reduction is becoming more pronounced, especially among companies that have crossed into the lithium battery industry, as they face operational difficulties due to falling lithium prices and increased cost pressures [1][2] - The lithium industry is experiencing a shift, with traditional lithium iron phosphate (LFP) competition becoming more intense, leading to the potential exit of underperforming capacities [3] Company Actions - Zhongke Titanium White has announced the termination of its 500,000-ton/year lithium iron phosphate project, which had previously seen an investment of 1.309 billion yuan, with only 100,000 tons/year of capacity completed [2] - Other companies, such as Jinpu Titanium Industry and Huiyun Titanium Industry, have also paused or terminated their lithium iron phosphate project investments, reflecting a broader trend among titanium dioxide and phosphate chemical companies [2] - Despite the downturn, some companies like Ganfeng Lithium and Yahua Group have increased their lithium carbonate production by approximately 24% and 10%, respectively, indicating a divergence in operational strategies within the industry [5] Market Dynamics - The lithium market is currently facing an oversupply, with an estimated surplus of 32,200 tons of lithium carbonate equivalent (LCE) expected for the year, which has been revised upward [5] - The production of lithium carbonate, lithium hydroxide, and lithium chloride in China is projected to increase significantly, with year-on-year growth rates of 35.35%, 29.54%, and 37.14%, respectively [4] - The overall capacity utilization rates for companies like Cangge Mining and Salt Lake Co. have reached 116% and 100%, respectively, indicating that some low-cost lithium producers are operating at full capacity despite the market downturn [5][6] Future Outlook - The lithium carbonate price has plummeted from a peak of 500,000 yuan/ton in early 2023 to below 60,000 yuan/ton, raising concerns about the sustainability of current production levels [6] - The demand for lithium carbonate is uncertain due to fluctuating market conditions and potential changes in U.S. tariff policies, which may impact the supply-demand balance in the medium to long term [6]

关于董事会完成换届选举及聘任高级管理人员的公告 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、误导性陈述或者重大遗漏。 中核华原钛白股份有限公司（以下简称"公司"）于 2025 年 6 月 5 日召开 2025 年第三次临时股东会选举产生了公司第八届董事会非独立董事 5 名，独立 董事 3 名。上述人员与公司职工代表大会选举产生的职工代表董事 1 名，共同组 成公司第八届董事会，公司董事会换届工作全部完成。同日，公司召开第八届董 事会第一次（临时）会议，选举产生了公司第八届董事会董事长、董事会各专门 委员会成员，并聘任了公司新一届高级管理人员（总裁、副总裁、财务总监、董 事会秘书）。现将具体情况公告如下： 一、 公司第八届董事会及各专门委员会组成情况 证券代码：002145 证券简称：中核钛白 公告编号：2025-061 中核华原钛白股份有限公司 （一）董事会成员 公司第八届董事会由 9 名董事组成，其中职工代表董事 1 名，独立董事 3 名， 成员如下： 非独立董事：袁秋丽女士（董事长）、谢心语女士、宁佩佩女士（职工代表 董事）、王顺民先生、俞毅坤先生、周园先生 独立董事：苏晓华 ...

中核华原钛白股份有限公司 关于选举第八届董事会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、误导性陈述或者重大遗漏。 中核华原钛白股份有限公司（以下简称"公司"）第七届董事会于 2025 年 5 月 17 日届满，根据《中华人民共和国公司法》（以下简称"《公司法》"） 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》和 《公司章程》等法律法规、规范性文件的规定，公司完成了董事会换届选举。 近日，公司各主要子公司召开了职工代表大会，经与会职工代表认真审议和 民主选举，会议就本次选举职工代表董事的事宜形成以下决议：选举宁佩佩女士 为公司第八届董事会职工代表董事（简历详见附件）。 证券代码：002145 证券简称：中核钛白 公告编号：2025-062 2025 年 6 月 6 日 宁佩佩女士将与公司股东会选举产生的 8 名董事共同组成公司第八届董事 会，任期为三年，自公司股东会审议通过之日起至第八届董事会任期届满之日止。 特此公告。 中核华原钛白股份有限公司 董事会 附件：职工代表董事简历 宁佩佩女士，1990 年出生，中国国籍，无境外永久居留 ...

证券代码：002145 证券简称：中核钛白 公告编号：2025-059 中核华原钛白股份有限公司 2025 年第三次临时股东会决议公告 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、误导性陈述或者重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情况。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）召开会议的基本情况 1、现场会议召开时间：2025 年 6 月 5 日（星期四）14:30。 2、网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 6 月 5 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所 互联网投票系统投票的具体时间为：2025 年 6 月 5 日 9:15-15:00 期间的任意时 间。 3、现场会议召开地点：北京市顺义区安祥大街 12 号院 6 号楼 9 层中核钛白 会议室。 4、召开方式：现场投票和网络投票相结合的方式。 5、召集人：公司董事会。 6、主持人：公司董事长袁秋丽女士。 7、本次股东会的召开符合《公司法》《深圳证券交易所股票上市规则》《上 市公司 ...

北京市嘉源律师事务所 关于中核华原钛白股份有限公司 2025 年第三次临时股东会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 嘉 源 霍师事务所 IIA YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中核华原钛白股份有限公司 北京市嘉源律师事务所 关于中核华原钛白胜份有限公司 2025年第三次临时股东会的法律危见书 嘉源(2025)- 04-397 北京市嘉源律师事务所(以下简称"本所")接受中核华原钛白股份有限公 司(以下简称"公司")委托,根据《中华人民共和国公司法》(以下简称"《公司 法》")《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法律、 行政法规、部门规章、规范性文件(以下简称"法律法规")以及《中核华原钛 白股份有限公司章程》(以下简称"《公司章程》")的有关规定,指派本所律师对 公司 2025年第三次临时股东会(以下简称"本次股东会")进行见证,并依法出 具本法律意见书。 为出具本法律意见书,本所指派律师见 ...

中核华原钛白股份有限公司 第八届董事会第一次（临时）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。 证券代码：002145 证券简称：中核钛白 公告编号：2025-060 一、董事会会议召开情况 中核华原钛白股份有限公司（以下简称"公司"）经全体董事同意豁免会议 通知时间要求，于 2025 年 6 月 5 日以通讯、电子邮件等方式向全体董事送达召 开公司第八届董事会第一次（临时）会议的通知及材料。本次会议于 2025 年 6 月 5 日（星期四）在公司会议室以现场结合通讯的方式召开，与会的各位董事均 已知悉与所议事项相关的必要信息。本次会议应参会董事 9 人，实际出席会议董 事 9 人。 本次会议由过半数的董事共同推举袁秋丽女士主持，本次会议的召开符合 《公司法》等有关法律、法规、规章和《公司章程》的规定。 表决结果：9 票同意，0 票反对，0 票弃权。 根据《上市公司治理准则》《深圳证券交易所股票上市规则》《深圳证券 交易所上市公司自律监管指引第 1 号—主板上市公司规范运作》《公司章程》 及公司董事会各专门委员会工作规则等有关规定，董事会选举 ...