二、本次交易的内幕信息知情人核查范围 华泰联合证券有限责任公司 关于山东宏创铝业控股股份有限公司本次交易相关 内幕信息知情人买卖股票情况的自查报告 之核查意见 山东宏创铝业控股股份有限公司（以下简称"上市公司"、"宏创控股"）拟 通过发行股份的方式购买山东魏桥铝电有限公司、济南嘉汇投资合伙企业（有限 合伙）、中国东方资产管理股份有限公司、中国中信金融资产管理股份有限公司、 天津聚信天昂股权投资合伙企业（有限合伙）、宁波信铝企业管理合伙企业（有 限合伙）、济南宏泰投资合伙企业（有限合伙）、济南君岳投资合伙企业（有限合 伙）、天铖锌铖一期（温州）创业投资合伙企业（有限合伙）持有的山东宏拓实 业有限公司 100%股权（以下简称"本次交易"）。 根据《中华人民共和国证券法》《上市公司重大资产重组管理办法》《公开 发行证券的公司信息披露内容与格式准则第26号——上市公司重大资产重组》 《上市公司监管指引第5号——上市公司内幕信息知情人登记管理制度》《监管 规则适用指引——上市类第1号》《上市公司监管指引第7号—上市公司重大资产 重组相关股票异常交易监管》等文件的规定及监管部门的相关要求，华泰联合证 券有限责任公司（以下 ...

京天股字（2025）第 206-2 号 致：山东宏创铝业控股股份有限公司 北京市天元律师事务所（以下简称"本所"）接受山东宏创铝业控股股份有 限公司（以下简称"公司"或"上市公司"或"宏创控股"）的委托，担任宏创 控股发行股份购买资产暨关联交易（以下简称"本次交易"）的专项法律顾问。 本所及经办律师根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司重大资产重组管理办法》（以下简称"《重组管理办法》"）、《公开发行 证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》（以下 简称"《26 号准则》"）、《监管规则适用指引——上市类第 1 号》（以下简称"《1 号指引》"）等相关法律、法规及规范性文件的规定，本所就本次交易上市公司申 请股票停牌前六个月至重组报告书披露之前一日，即 2024 年 6 月 23 日至 2025 年 5 月 22 日期间（以下简称"自查期间"）相关主体股票交易情况进行专项核查， 并出具本专项核查意见。 为出具本专项核查意见，本所律师特作如下声明： 北京市天元律师事务所 关于山东宏创铝业控股股份有限公司 发行股份购买资产暨关联交易 相关主体自查期间内买 ...

中信建投证券股份有限公司 关于山东宏创铝业控股股份有限公司本次交易相关内幕信 息知情人买卖股票情况的自查报告之核查意见 山东宏创铝业控股股份有限公司（以下简称"上市公司"、"宏创控股"）拟 通过发行股份的方式购买山东魏桥铝电有限公司、济南嘉汇投资合伙企业（有限 合伙）、中国东方资产管理股份有限公司、中国中信金融资产管理股份有限公司、 天津聚信天昂股权投资合伙企业（有限合伙）、宁波信铝企业管理合伙企业（有 限合伙）、济南宏泰投资合伙企业（有限合伙）、济南君岳投资合伙企业（有限合 伙）、天铖锌铖一期（温州）创业投资合伙企业（有限合伙）持有的山东宏拓实 业有限公司 100%股权（以下简称"本次交易"）。 根据《中华人民共和国证券法》《上市公司重大资产重组管理办法》《公开 发行证券的公司信息披露内容与格式准则第26号——上市公司重大资产重组》 《上市公司监管指引第5号——上市公司内幕信息知情人登记管理制度》《监管 规则适用指引——上市类第1号》《上市公司监管指引第7号—上市公司重大资产 重组相关股票异常交易监管》等文件的规定及监管部门的相关要求，中信建投证 券股份有限公司（以下简称"中信建投证券"、"本独立财务顾问" ...

特别提示： 股票代码：002379 股票简称：宏创控股 公告编号：2025－031 山东宏创铝业控股股份有限公司 关于发行股份购买资产暨关联交易相关主体买卖股票情况 自查报告的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 根据中国证券登记结算有限责任公司深圳分公司出具的《信息披露义务人持 股及股份变更查询证明》《股东股份变更明细清单》、自查范围内相关方出具的 自查报告、相关机构和人员出具的声明与承诺等文件，在内幕信息知情人等相关 方出具的自查报告及相关声明真实、准确、完整的前提下，相关机构在自查期间 买卖山东宏创铝业控股股份有限公司（以下简称"上市公司""宏创控股"）股 票的行为不属于利用本次交易的内幕信息进行的内幕交易行为，对本次交易不构 成法律障碍；除上述情况外，纳入本次交易核查范围内的其他内幕知情人在自查 期间不存在于二级市场买卖上市公司股票的情况；本次交易不存在因涉嫌内幕交 易被中国证监会立案调查或者被司法机关立案侦查的情形，符合《深圳证券交易 所上市公司自律监管指引第 8 号——重大资产重组》之相关规定。 上市公司拟发行股份购买山东魏桥铝电有 ...

股票代码：002379 股票简称：宏创控股 公告编号：2025－032 山东宏创铝业控股股份有限公司 关于召开2025年第一次临时股东大会的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 山东宏创铝业控股股份有限公司（以下简称"公司"或"本公司"）于 2025 年 5 月 23 日通过巨潮资讯网（www.cninfo.com.cn）及《中国证券报》《上海证 券报》《证券日报》《证券时报》等公司指定的信息披露媒体披露了《关于召开 2025 年第一次临时股东大会的通知》（公告编号：2025-030），为进一步保护 投资者的合法权益，方便公司股东行使股东大会表决权，现将有关事项提示如下： 一、召开会议基本情况 （一）股东大会届次：2025年第一次临时股东大会 （二）会议召集人：公司董事会 （三）会议召开的合法、合规性：经公司第六届董事会2025年第三次临时会 议审议通过《关于召开公司2025年第一次临时股东大会的议案》，公司定于2025 年6月9日（星期一）14:30召开2025年第一次临时股东大会。本次会议召开符合 有关法律、行政法规、部门规章、规范性 ...

Group 1 - The core point of the article is the acquisition plan of Shandong Hongchuang Aluminum Holdings Co., Ltd. (Hongchuang Holdings) to acquire 100% equity of Shandong Hongtuo Industrial Co., Ltd. for approximately 635.18 billion yuan, marking a significant move in the aluminum industry [2][3][4] - The acquisition will transform Hongchuang Holdings into a major player in the aluminum industry with total revenue and total assets exceeding 100 billion yuan, enhancing its market competitiveness and brand recognition [2][7] - The transaction is characterized as a "snake swallowing an elephant" acquisition due to its scale, as Hongchuang Holdings has a market capitalization of 128.18 billion yuan and net assets of 31.27 billion yuan as of May 23 [4][5] Group 2 - Hongtuo Industrial is a core asset of China Hongqiao Group, which is also part of the "Weiqiao system," and this acquisition is seen as a strategic move to bring core assets from Hongqiao's Hong Kong listing to the A-share market [2][4][5] - The acquisition involves a premium of 48.62% over Hongtuo Industrial's book net assets, with the asset valuation set at 6,351,793.5 million yuan [4][5] - Following the acquisition, China Hongqiao's indirect stake in Hongchuang Holdings will increase from approximately 22.98% to about 88.99%, while its stake in Hongtuo Industrial will decrease to the same percentage [5][6] Group 3 - The acquisition is expected to provide Hongchuang Holdings with an opportunity to transform into a full-chain aluminum company, integrating alumina, electrolytic aluminum, and deep processing [7] - The aluminum industry is currently facing uncertainties, with alumina prices having dropped significantly from a peak of 4,196 yuan/ton to 2,703 yuan/ton, a decline of over 35% [7] - The move to the A-share market is anticipated to better meet domestic financing needs and enhance the company's market influence and operational efficiency [8]

Core Viewpoint - The "Weiqiao System" is executing a significant capital operation by acquiring 100% of Shandong Hongtuo Industrial Co., Ltd. for a total price of 635.18 billion yuan through the issuance of shares, marking a major move in the aluminum industry [1][3][11]. Group 1: Transaction Details - Hongchuang Holdings plans to issue 118.95 billion new shares to pay for the acquisition, which will account for 91.28% of the total share capital post-transaction [4]. - The transaction price represents a premium of approximately 48.62% over the net assets of the target company, with an estimated profit of 198 billion yuan for the Zhang Bo family [2][11][12]. - The issuance price of 5.34 yuan per share is over 50% lower than the closing price on May 21, 2023, indicating a significant discount [2][12]. Group 2: Company Background - Hongchuang Holdings, established in 2000, has total assets of approximately 30.68 billion yuan and has been facing operational pressure with continuous losses in 2023 [5][14]. - Hongtuo Industrial is a leading global producer of electrolytic aluminum with an annual production capacity of 6.459 million tons and is recognized as a chain leader in the aluminum industry [5][6]. - The total assets of Hongtuo Industrial are projected to be 1,050.43 billion yuan by the end of 2024, with net assets of 427.38 billion yuan [6]. Group 3: Strategic Implications - The acquisition aims to resolve industry competition and enhance the profitability and sustainability of Hongchuang Holdings [2][12]. - The transaction is part of a broader strategy by the "Weiqiao System" to consolidate its assets and optimize its market position, particularly by bringing back significant assets from the Hong Kong stock market to A-shares [9][13]. - Following the completion of this acquisition, Hongchuang Holdings is expected to transform into a new major player in the A-share aluminum market with assets exceeding 1 trillion yuan [15].

Core Viewpoint - The announcement by Hongchuang Holdings regarding the acquisition of 100% equity in Hongtuo Industrial from Weiqiao Aluminum Electric for 63.518 billion yuan constitutes a significant asset restructuring, which will lead to substantial dilution of minority shareholders' rights due to the issuance of shares at a 55% discount to the market price [1][2][6]. Group 1: Transaction Details - The transaction involves issuing 11,894,744,449 shares, which represents 91.28% of the total share capital post-issuance, resulting in a 10.47 times increase in the current total share capital of 1,136,373,753 shares [2][3]. - Following the restructuring, Weiqiao Aluminum Electric will hold an 86.98% stake, establishing absolute control over the company, while minority shareholders will see their influence significantly reduced [2][3]. Group 2: Financial Implications - The acquisition price of 63.518 billion yuan reflects a 48.62% increase in the valuation of Hongtuo Industrial compared to previous strategic investments, which valued the company at 62.9 billion yuan [4][6]. - The asset-liability ratio of Hongchuang Holdings is expected to rise from 37.33% to 58.62% post-transaction, indicating a significant increase in financial leverage [7][8]. Group 3: Business Context - Hongtuo Industrial is a core asset of China Hongqiao, a leading global aluminum product manufacturer, with projected revenues of 149.289 billion yuan and a net profit of 18.153 billion yuan for 2024 [7]. - The restructuring aims to transform Hongchuang Holdings from a single aluminum processing supplier into a comprehensive industry leader covering the entire aluminum production chain, which is expected to enhance its operational sustainability [6][7].

Core Viewpoint - The transaction involves Hongchuang Holdings acquiring 100% equity of Shandong Hongtuo Industrial Co., Ltd. through a share issuance, which will enhance the company's position in the aluminum industry and transform it into a comprehensive player across the entire aluminum production chain [1][9]. Transaction Details - The transaction price for the acquisition is set at 6,351,793.54 million yuan, based on the valuation of the target company's total equity as of December 31, 2024 [2][3]. - The share issuance price is determined at 5.34 yuan per share, with a total of 1,189,474.44 million shares to be issued to various stakeholders [1][2]. - The transaction constitutes a related party transaction, as one of the sellers, Weiqiao Aluminum, is a wholly-owned subsidiary of the controlling shareholder, Shandong Hongqiao [4][5]. Financial Performance - Hongchuang Holdings has reported continuous losses over the past two years, with a net loss of 558.99 million yuan in Q1 2025, compared to a loss of 215.32 million yuan in the same period last year [10][11]. - The company's revenue for Q1 2025 was 771 million yuan, reflecting a 4.83% decrease year-on-year [11][12]. Target Company Overview - Shandong Hongtuo Industrial Co., Ltd. is a leading aluminum product manufacturer, with an annual production capacity of 6.459 million tons of electrolytic aluminum and 19 million tons of alumina [9]. - The acquisition will allow Hongchuang Holdings to transition from a single aluminum deep processing business to a fully integrated company covering electrolytic aluminum, alumina, and deep processing [9]. Shareholding Structure Post-Transaction - After the transaction, Weiqiao Aluminum will hold 86.98% of Hongchuang Holdings, while Shandong Hongqiao's stake will reduce to 2.00% [8]. - The overall shareholding structure will shift significantly, with the new distribution enhancing the control of Weiqiao Aluminum [8]. Future Outlook - The transaction is expected to significantly enhance the profitability and asset scale of Hongchuang Holdings, positioning it as a global leader in the aluminum industry [9]. - The integration of operations is anticipated to eliminate related party transactions and competition within the industry, thereby increasing overall corporate value [9].

Core Viewpoint - Hongchuang Holdings plans to acquire 100% equity of Shandong Hongtuo Industrial Co., Ltd. for approximately 63.5 billion yuan, marking a significant strategic move to enhance its business portfolio in the aluminum industry [1][2]. Group 1: Acquisition Details - The acquisition will allow Hongchuang Holdings to transition from a single aluminum deep processing business to a comprehensive company covering the entire aluminum product industry chain, including electrolytic aluminum and alumina [2]. - Hongtuo Industrial is a leading global manufacturer of aluminum products and one of the largest electrolytic aluminum producers, with an annual production capacity of 6.459 million tons for electrolytic aluminum and 19 million tons for alumina [2]. - If the transaction is completed, Hongchuang Holdings expects significant growth in key financial metrics, with total assets and revenue exceeding 100 billion yuan, positioning the company among the world's largest aluminum producers [2]. Group 2: Financial Assessment - As of the end of last year, the book value of equity attributable to the parent company of Hongtuo Industrial was approximately 42.7 billion yuan, with an assessed value of shareholders' equity at about 63.5 billion yuan, reflecting an increase of approximately 20.8 billion yuan and a valuation increase rate of 48.62% [2]. Group 3: Ownership Structure - The actual controller of Hongtuo Industrial is the Zhang Bo family, with the controlling shareholder being Weiqiao Aluminum & Electricity Co., Ltd., a wholly-owned subsidiary of Hongchuang Holdings' parent company [3][5]. - The Zhang family, through their agreement, indirectly controls 22.98% of Hongchuang Holdings, maintaining significant influence over the company [6]. Group 4: Market Context - This acquisition is viewed as a return of a significant asset previously listed in Hong Kong back to the A-share market, with Hongtuo Industrial being a subsidiary of the Hong Kong-listed company China Hongqiao [7]. - The Hong Kong Stock Exchange has confirmed that this transaction does not constitute a spin-off under PN15 guidelines, thus avoiding related approval procedures [8].