Group 1 - The board meeting of Yibin Tianyuan Group Co., Ltd. was held on July 9, 2025, with all 11 directors present [1][2] - The board approved the election of Mr. Chen Hong as the vice chairman of the ninth board, effective immediately [1] - The board also approved the election of Mr. Chen Hong as a member of the Nomination and Assessment Committee, effective immediately [1]

宜宾天原集团股份有限公司 关于董事辞职暨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。 | 证券代码：002386 | 证券简称：天原股份 | 公告编号：2025-049 | | --- | --- | --- | | 债券代码:524174.SZ | 债券简称：25 天原 K1 | | 特此公告。 宜宾天原集团股份有限公司 一、非职工董事辞职情况 宜宾天原集团股份有限公司（简称：公司）董事会于 2025 年 7 月 8 日收到非独立董事陈洪先生提交的辞职报告，因工作调整，陈洪 先生申请辞去公司第九届董事会非独立董事、副董事长及董事会下属 专业委员会委员职务。辞职后，陈洪先生仍担任公司党委委员在公司 工作。陈洪先生辞职不会导致公司董事会成员低于法定最低人数，不 会影响公司董事会的正常运行，亦不会对公司正常的经营发展产生影 响。 截止书面辞职报告递交日，陈洪先生持有公司 23107 股股票，根 据《中华人民共和国公司法》《公司章程》等相关规定，陈洪先生辞 职报告自送达董事会时生效。 二、关于补选公司职工董事的情况 根据《中华人民共和国公司 ...

| 证券代码：002386 | 证券简称：天原股份 | 公告编号：2025-050 | | --- | --- | --- | | 债券代码:524174.SZ | 债券简称：25 天原 K1 | | 宜宾天原集团股份有限公司 第九届董事会第十六次会议决议公告 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 宜宾天原集团股份有限公司（以下简称"公司"）第九届董事会 第十六次会议于 2025 年 7 月 9 日以通讯方式召开。本次会议应出席 董事 11 人，实际出席董事 11 人。 表决结果：同意 11 票；反对 0 票；弃权 0 票。 （二）审议通过《关于选举董事会提名与考核委员会委员的议案》 同意选举陈洪先生为董事会提名与考核委员会委员，任期自本次 董事会审议通过之日起至第九届董事会任期届满之日止。 表决结果：同意 11 票；反对 0 票；弃权 0 票。 三、备查文件 第九届董事会第十六次会议决议。 特此公告。 公司董事对提交本次会议的议案进行了认真审议，会议以记名投 票方式进行了表决，会议程序符合《公司法》及本公司章程的规定， 会议 ...

Core Viewpoint - The legal opinion confirms that the third extraordinary general meeting of Yibin Tianyuan Group Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the meeting and its outcomes [2][7]. Group 1: Meeting Procedures - The board of directors of Yibin Tianyuan Group decided to convene the meeting on June 13, 2025, and the notice was published on June 14, 2025, detailing the time, location, agenda, voting methods, and attendees [2][3]. - The meeting was held on June 30, 2025, at 14:00, combining on-site and online voting, with the on-site meeting conducted at the company's conference room [3][4]. Group 2: Attendee Qualifications - A total of 288 attendees participated in the meeting, holding 443,667,775 voting shares, which is 34.0851% of the total shares [4]. - Among the attendees, 13 were present on-site, holding 405,902,882 voting shares, representing 31.1838% of the total shares [4]. Group 3: Voting Procedures and Results - The meeting's voting process was conducted legally, with all agenda items presented for voting without any postponements [5][7]. - The proposal to amend the company's articles of association was approved with 420,907,654 votes in favor, representing a significant majority [6]. - The proposal for the appointment of the 2025 audit firm received 427,111,496 votes in favor, accounting for 96.2683% of the votes [6]. - The proposal to conclude the non-public stock issuance project and permanently supplement working capital with surplus funds was also approved with 427,376,486 votes in favor [6].

北京市天元（成都）律师事务所 关于宜宾天原集团股份有限公司 2025 年第三次临时股东大会的法律意见 （2025）天（蓉）意字第 35 号 致：宜宾天原集团股份有限公司 宜宾天原集团股份有限公司（以下简称"公司"） 2025 年第三次临时股东大会 （以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会议 于 2025 年 6 月 30 日（星期一）下午 14:00 在四川宜宾临港经济技术开发区港园路 西段 61 号宜宾天原集团股份有限公司会议室召开。北京市天元（成都）律师事务 所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股东大会现场会议， 并根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司股东会规则》（以下简称"《股东会规则》"）以及《宜宾天原集团股份有 限公司章程》（以下简称"《公司章程》"）等有关规定，就本次股东大会的召集、召 开程序、出席现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项 出具本法律意见。 为出具本法律意见，本所律师审查了《宜宾天原集团股份有限公司第九届董事 会第十五次会议决议公告》《宜宾天原集团股份有限公司 ...

证券代码：002386 证券简称：天原股份 公告编号：2025-048 债券代码:524174.SZ 债券简称：25 天原 K1 宜宾天原集团股份有限公司 2025 年第三次临时股东大会决议的公告 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。 特别提示： 1、本次股东大会无增加、否决或变更提案的情况。 2、本次股东大会不涉及变更前次股东大会决议。 一、会议的召开情况 1、会议召开时间： （1）现场会议：2025 年 6 月 30 日（星期一）14:00 （2）网络投票：2025 年 6 月 30 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间 为：2025 年 6 月 30 日上午 9:15—9:25,9:30—11:30 和下午 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 30 日 9:15-15:00 期间的任意时间。 2、现场会议召开地点：四川宜宾临港经济技术开发区港园路西 段 61 号公司会议室。 3、召开方式：现场投票和网络投票相结合 4、召集人：公司董事会 股东出席的总体情况： ...

Core Viewpoint - The article discusses the current dynamics in the lithium iron phosphate (LFP) battery market, highlighting the contrasting fortunes of companies involved in LFP production and the competitive landscape that is evolving both domestically and internationally [2][7]. Group 1: Event Information - The fifth "Starting Point Two-Wheeled Vehicle Battery Swap Conference" and "Lightweight Power Battery Technology Summit Forum" will be held on July 10-11, 2025, in Shenzhen [2]. - The event is sponsored by various companies including Yadi Technology Group, Tailin Group, and others, indicating strong industry interest and participation [2]. Group 2: Industry Dynamics - The LFP market is experiencing a split, with companies like Fulin Precision and Longpan Technology receiving large orders, while others, including Huayun Titanium Industry and Jinhai Titanium Industry, are halting or delaying their LFP projects [2][3]. - Tianyuan Co., which has been involved in LFP projects, confirmed it has no plans to stop its LFP initiatives, with production lines for LFP materials already established [3][4]. Group 3: Company Performance - Tianyuan Co. has built a 100,000-ton LFP cathode material production line and is constructing another 50,000-ton line, with a total investment of 2.389 billion yuan planned for these projects [4][5]. - In 2024, Tianyuan's revenue from the new energy battery and materials sector is expected to be 543 million yuan, accounting for only 4.06% of total revenue, with a gross margin of -12.32% for lithium battery production [5][6]. Group 4: Competitive Landscape - The LFP market is characterized by intense competition, with leading companies like Hunan Youneng holding a market share of 29.8%, followed by Wanrun New Energy and Defang Nano [7]. - International players such as Samsung SDI and LG Energy are accelerating their entry into the LFP battery market, indicating a potential shift of market growth towards overseas competitors [7].

Core Viewpoint - Yibin Tianyuan Group Co., Ltd. maintains a long-term credit rating of AA+ and a stable outlook, reflecting its strong competitive position in the chlor-alkali chemical industry despite facing challenges from industry downturns and operational losses in 2024 [1][3]. Company Overview - Yibin Tianyuan is the largest chlor-alkali chemical listed company in Southwest China, with a well-structured management and strong regional competitiveness [3]. - The company is expanding its industrial chain by focusing on new energy and new materials, although the new energy segment is still in the development phase and currently incurs losses [3][8]. Financial Performance - In 2024, the company experienced a decline in revenue due to reduced supply chain operations and a decrease in product prices, leading to an overall revenue drop [3][6]. - As of March 2025, the company reported total assets of 202.01 billion yuan and equity of 76.35 billion yuan, with a revenue of 31.41 billion yuan in the first quarter [10]. - The company's total debt reached 103.37 billion yuan, with a debt-to-asset ratio of 62.21% and a significant portion of short-term debt [6][9]. Industry Context - The chlor-alkali chemical industry is facing cyclical challenges, with a supply-demand imbalance expected to persist into 2025, impacting product prices and profitability [10]. - The company has established a circular economy model integrating resources and energy, which enhances its competitive edge in the region [8][10]. Strategic Initiatives - The company is implementing a "one body, two wings" strategy, focusing on lithium battery materials and new materials to strengthen its market position [4][5]. - Ongoing projects are expected to enhance the company's cost control capabilities and overall competitiveness [5][8]. Shareholder Support - Yibin Development Holding Group, the largest state-owned capital investment platform in Yibin, provides significant financial backing and guarantees for the company's debt obligations, enhancing its debt repayment security [3][8].

Core Viewpoint - The controlling shareholder of Yibin Tianyuan Group Co., Ltd. plans to increase its stake in the company by investing between RMB 150 million and RMB 300 million within six months, reflecting confidence in the company's long-term investment value and stability [1][2] Group 1: Shareholder Actions - The controlling shareholder, Yibin Development Holdings Group Co., Ltd., has initiated a share buyback plan starting from February 11, 2025, with a commitment to purchase shares through the Shenzhen Stock Exchange [1] - As of June 25, 2025, the controlling shareholder has acquired a total of 13,025,200 shares, representing 1.00% of the total share capital, reaching the 1% threshold [1] - The total shares held by Yibin Development increased from 239,451,956 shares (18.40%) to 252,477,156 shares (19.40%) following the recent buyback [1][2] Group 2: Compliance and Regulations - The share increase aligns with the previously disclosed buyback plan, ensuring compliance with relevant laws and regulations [2] - There are no violations of the Securities Law or other regulatory frameworks reported in relation to this share acquisition [2]

宜宾天原集团股份有限公司 2025 年跟踪评级报告 | | | www.lhratings.com 1 联合〔2025〕5320 号 联合资信评估股份有限公司通过对宜宾天原集团股份有限公司 主体及其相关债券的信用状况进行跟踪分析和评估，确定维持宜宾 天原集团股份有限公司主体长期信用等级为 AA+，维持"25 天原 K1" 信用等级为 AAA，评级展望为稳定。 特此公告 联合资信评估股份有限公司 评级总监： 二〇二五年六月二十五日 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受宜宾天原集团股份有限公司（以下简称"该 公司"）委托所出具，除因本次评级事项联合资信与该公司构成评级委托关 系外，联合资信、评级人员与该公司不存在任何影响评 ...