Group 1 - The company Jiangsu Baichuan High-Tech New Materials Co., Ltd. issued convertible bonds totaling RMB 978 million, approved by the China Securities Regulatory Commission on September 26, 2022 [2][3][22] - The bonds have a maturity of 6 years, with an interest rate of 0.30% for the first year and 0.50% for the second year [2][4] - The initial conversion price for the bonds is set at RMB 10.36 per share, with provisions for adjustments based on stock dividends and other corporate actions [5][6][9] Group 2 - In 2024, the company reported a significant increase in revenue, achieving RMB 555.6 million, up from RMB 449.5 million in the previous year, with a net profit of RMB 10.87 million, representing a 123.31% increase year-on-year [19][20] - The company’s total assets reached RMB 1.166 billion, with total liabilities at RMB 935.37 million, indicating a 3.28% increase in liabilities compared to the previous year [20] - The cash flow from operating activities increased by 134.10% to RMB 95.58 million, primarily due to higher sales [21] Group 3 - The funds raised from the convertible bonds are allocated for a project to produce 30,000 tons of anode materials, with a total investment of RMB 142 million [17][22] - As of December 31, 2024, the company had utilized RMB 832.84 million of the raised funds, with a remaining balance of RMB 32.26 million in the special account [22][27] - The project timeline has been extended to April 2025 due to various factors affecting construction progress [23][27]

证券代码:002455 证券简称:百川股份 公告编号:2025-045 债券代码:127075 债券简称:百川转 2 江苏百川高科新材料股份有限公司 关于公司合并报表范围内提供担保的进展公告 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。 特别风险提示： 截至本公告日，公司除合并报表范围内母子孙公司之间互保外，未进行其他对外担保。无 逾期担保情况，无涉及诉讼的担保，未因担保被判决败诉而承担损失。 公司母子孙公司之间担保余额超过最近一期经审计净资产100%、有对资产负债率超过70% 的被担保对象进行担保，敬请投资者注意担保风险。 一、担保情况概述 （一）担保审议情况 江苏百川高科新材料股份有限公司（以下简称"公司"）于 2024 年 9 月 25 日召开的第六 届董事会第二十九次会议和 2024 年 10 月 14 日召开的 2024 年第二次临时股东大会审议通过了 《关于为子公司新增担保额度预计的议案》，为进一步满足合并报表范围内母子孙公司日常生 产经营和业务发展资金需要，母子孙公司之间拟向相关金融机构申请的融资提供新增担保额度， 本次新增担保额度后，担保总额 ...

债券简称：百川转 2 债券代码：127075 股票简称：百川股份 股票代码：002455 江苏百川高科新材料股份有限公司 2022 年度公开发行可转换公司债券 受托管理事务报告 （2024 年度） 债券受托管理人 （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二〇二五年六月 重要声明 中信证券股份有限公司（以下简称"中信证券"）编制本报告的内容及信息均来源 于发行人对外公布的《江苏百川高科新材料股份有限公司 2024 年年度报告》等相关公 开信息披露文件、江苏百川高科新材料股份有限公司（以下简称"百川股份"、"发行 人"或"公司"）提供的证明文件以及第三方中介机构出具的专业意见。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜做 出独立判断，而不应将本报告中的任何内容据以作为中信证券所作的承诺或声明。在任 何情况下，投资者依据本报告所进行的任何作为或不作为，中信证券不承担任何责任。 1 | 重要声明 | 1 | | --- | --- | | 第一节 | 本期可转换债券情况 3 | | 第二节 | 债券受托管理人履职情况 13 | | 第三节 | 发行人 2024 年 ...

特别提示： 1、本次股东会未出现否决议案的情形； 登录新浪财经APP 搜索【信披】查看更多考评等级 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、会议召开和出席情况 2、本次股东会未涉及变更以往股东会已通过决议的情形。 （一）召开情况 1、会议召开时间： ①现场会议召开时间：2025年6月23日（星期一）下午2：30。 ②网络投票的具体时间为：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23日交 易时间，即9:15一9:25,9:30-11:30和13:00一15:00；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23日上午9:15至下午3:00期间任意时间。 2、会议地点：江苏省江阴市云亭街道建设路55号公司会议室 3、会议方式：现场表决与网络投票相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长郑铁江先生 其中：通过现场投票的中小股东0人，代表股份0股，占公司有表决权股份总数的0.0000％。 6、本次股东会的召集、召开程序、出席会议人员资格及表决程序符合有关法律、行政法规、部门规 章、规范性文件 ...

Meeting Details - The meeting was held on June 23, 2025, at 2:30 PM [1] - Shareholders could vote through both on-site and online methods during specified times on the same day [1] Attendance - A total of 464 shareholders participated, representing 103,945,675 shares, which is 17.4917% of the total voting shares [1] - Among them, 8 shareholders attended on-site, representing 100,028,303 shares (16.8325% of total voting shares) [1] Voting Results - Proposal 1: Approval of the subsidiary's share repurchase and capital reduction - Total votes in favor: 102,550,902 shares (98.6582% of valid votes) [2] - Votes against: 1,171,573 shares (1.1271% of valid votes) [2] - Abstentions: 0.2147% of valid votes [2] - Proposal 2: Reappointment of the accounting firm - Total votes in favor: 102,733,182 shares (98.8335% of valid votes) [3] - Votes against: 1,084,693 shares (1.0435% of valid votes) [3] - Abstentions: 0.1229% of valid votes [3] Legal Verification - The meeting was witnessed by lawyers from Jiangsu Century Tongren Law Firm, confirming that the meeting's procedures complied with legal and regulatory requirements [4]

江苏世纪同仁律师事务所 法律意见书 上述会议通知中除载明本次股东会的召开时间、地点、股权登记日、会议召 集人、会议审议事项、会议登记方法外，还提供了网络投票方式，载明了股东参 与网络投票的操作流程等内容。 经查，贵公司在本次股东会召开 15 日前刊登了会议通知。 江苏世纪同仁律师事务所 法律意见书 江苏世纪同仁律师事务所关于 江苏百川高科新材料股份有限公司 致：江苏百川高科新材料股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》和中国证监会 《上市公司股东会规则》等法律、法规和规范性文件以及公司《章程》的规定， 本所受贵公司董事会的委托，指派本律师出席贵公司 2025 年第二次临时股东会， 并就本次股东会的召集、召开程序、出席会议人员资格、召集人资格、表决程序 以及表决结果的合法有效性等事项出具法律意见。 为出具本法律意见书，本律师对本次股东会所涉及的有关事项进行了审查， 查阅了本律师认为出具法律意见所必须查阅的文件，并对有关问题进行了必要的 核查和验证。 本律师同意将本法律意见书随贵公司本次股东会决议一并公告，并依法对本 法律意见书承担相应的责任。 本律师根据相关法律、法规和规范性文件的要 ...

证券代码:002455 证券简称:百川股份 公告编号:2025—044 债券代码:127075 债券简称:百川转2 江苏百川高科新材料股份有限公司 2025 年第二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、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会未涉及变更以往股东会已通过决议的情形。 一、会议召开和出席情况 （一）召开情况 1、会议召开时间： 2、会议地点：江苏省江阴市云亭街道建设路 55 号公司会议室 3、会议方式：现场表决与网络投票相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长郑铁江先生 ①现场会议召开时间：2025年6月23日（星期一）下午2：30。 ②网络投票的具体时间为：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23日交易时间，即9:15—9:25,9:30-11:30和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23日上午9:15 至下午3:00期间任意时间。 6、本次股东会的召集、召开程序、出席会议人员资格及表 ...

江苏世纪同仁律师事务所 法律意见书 根据《中华人民共和国公司法》、《中华人民共和国证券法》和中国证监会 《上市公司股东会规则》等法律、法规和规范性文件以及公司《章程》的规定， 本所受贵公司董事会的委托，指派本律师出席贵公司 2025 年第二次临时股东会， 并就本次股东会的召集、召开程序、出席会议人员资格、召集人资格、表决程序 以及表决结果的合法有效性等事项出具法律意见。 为出具本法律意见书，本律师对本次股东会所涉及的有关事项进行了审查， 查阅了本律师认为出具法律意见所必须查阅的文件，并对有关问题进行了必要的 核查和验证。 本律师同意将本法律意见书随贵公司本次股东会决议一并公告，并依法对本 法律意见书承担相应的责任。 本律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业务 标准、道德规范和勤勉尽责精神，出具法律意见如下： 江苏世纪同仁律师事务所关于 江苏百川高科新材料股份有限公司 2025 年第二次临时股东会的法律意见书 致：江苏百川高科新材料股份有限公司 一、关于本次股东会的召集、召开程序 1、本次股东会由董事会召集，2025 年 6 月 6 日，贵公司召开第七届董事会 第六次会议，决定于 202 ...

Core Viewpoint - The acetic acid ethyl ester (EA) industry in China is experiencing a significant recovery in production capacity and output in 2024, driven by new installations and increasing export demand, despite previous challenges related to overcapacity and environmental regulations [1][4][10]. Industry Overview - Acetic acid ethyl ester is a widely used fine chemical product and an important organic solvent, primarily consumed in the coatings, pharmaceuticals, and adhesives sectors, which together account for over 80% of its downstream consumption [2][4]. - The industry has seen a production capacity increase to 4.3 million tons in 2024, representing a year-on-year growth of 21.1% [4][20]. Production Side - The production of acetic acid ethyl ester in China began in the 1970s, with significant growth in capacity observed in the 21st century, reaching 3.53 million tons by 2013 [4]. - In 2024, the total production volume is expected to reach 2.4 million tons, marking a 16.05% increase from the previous year, with the industry capacity utilization rate remaining above 50% for three consecutive years [4][10]. Import and Export - China has achieved self-sufficiency in acetic acid ethyl ester, with imports remaining below 0.15 million tons. However, exports are on the rise, projected to exceed 500,000 tons in 2024, reflecting a 19.3% increase [8][21]. - The average export price has been declining, with a 10.03% drop expected in 2024, indicating intensified competition in international markets [8][12]. Consumption Side - The demand for acetic acid ethyl ester has been weak in traditional sectors like coatings and adhesives due to adjustments in the real estate market, leading to a supply-demand imbalance [10][12]. - The apparent consumption volume is projected to reach 188,450 tons in 2024, showing a year-on-year growth of 15.19% as exports expand [10][12]. Competitive Landscape - The acetic acid ethyl ester market in China is characterized by intense competition among both international chemical giants and domestic companies such as Hualu Hengsheng, Jiangsu Sopo, and others [14][16]. - The market concentration is decreasing, with the CR3 dropping from 43.7% in 2023 to 38.4% in 2024, indicating a more fragmented competitive environment [20]. Development Trends 1. **Capacity Expansion and Increased Competition**: The industry is set to add 480,000 tons of new capacity in 2025, intensifying market competition and pressuring smaller firms [20]. 2. **Export Market as Growth Engine**: The export volume is expected to continue rising, particularly in Southeast Asia, driven by domestic capacity release and cost advantages [21]. 3. **Optimizing Downstream Demand Structure**: The demand for acetic acid ethyl ester is shifting towards high-end applications in coatings and pharmaceuticals, while traditional sectors face slower growth [22]. 4. **Accelerated Green and Smart Transformation**: The industry is moving towards greener and smarter production methods, including the use of new catalysts and biotechnological processes [23].

Group 1 - Baiyunshan received drug registration certificate for Tadalafil tablets (2.5mg, 5mg) from the National Medical Products Administration, indicating its entry into the erectile dysfunction treatment market [1] - Huayin Power plans to invest approximately 1.398 billion yuan in three renewable energy projects with a total installed capacity of 230 MW [2] - GAC Group reported a 24.8% year-on-year decline in May automobile sales, with total sales of 117,700 units [3] Group 2 - Honghui Fruits and Vegetables announced a potential change in control due to share transfer negotiations, leading to a temporary suspension of its stock and convertible bonds [4] - Fuyuan Pharmaceutical's subsidiary received a drug registration certificate for Bromhexine Hydrochloride oral solution, aimed at treating respiratory diseases [5][6] - Jianghan New Materials plans to repurchase shares worth 200 million to 400 million yuan, with a maximum price of 30 yuan per share [7][8] Group 3 - Sinan Navigation received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau due to multiple issues in its 2024 annual report [9][10] - Hesheng Co. received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [11] - Daqin Railway reported a 1.85% year-on-year decrease in cargo transportation volume in May, totaling 32.96 million tons [13] Group 4 - Ningbo Construction's subsidiary won a design and construction project with a bid of 787 million yuan [14] - Yuehongyuan A announced the termination of a major asset restructuring plan due to failure to reach an agreement on key terms [15][16] - Mingyang Smart Energy reached a 190 million yuan repurchase agreement with Haiji New Energy [18] Group 5 - CNE Group's subsidiary plans to reduce registered capital from 430 million yuan to 330 million yuan [19] - ST Baili received an administrative penalty for failing to disclose non-operating fund occupation matters, resulting in a fine of 4 million yuan [21] - Baichuan Co. completed the repurchase of a 7.14% stake in its subsidiary for 50 million yuan [22] Group 6 - Dongrui Co. reported May sales of 155,400 pigs, generating revenue of 203 million yuan, a decrease of 8.77% month-on-month [25][26] - Pengding Holdings reported a 22.43% year-on-year increase in May consolidated revenue, totaling 2.598 billion yuan [27] - Dabeinong reported May sales of 727,600 pigs, with total revenue of 1.248 billion yuan [28] Group 7 - Lihua Co. reported a 4.77% year-on-year decrease in May chicken sales revenue, totaling 1.118 billion yuan [29][30] - Jindan Technology plans to use up to 300 million yuan of idle funds for entrusted wealth management [31] - Youxunda won a project from the State Grid worth approximately 176 million yuan [33][34] Group 8 - Shenglan Co. received approval for its convertible bond issuance from the Shenzhen Stock Exchange [35][36] - Jingfang Technology's shareholder plans to reduce holdings by up to 2% of the company's shares [37] - Shiji Information's subsidiary signed a significant contract with Marriott for cloud services [39] Group 9 - Northeast Securities' subsidiary plans to terminate its listing on the New Third Board [40] - Yaji International's supervisor is under investigation for insider trading [42][43] - Yian Technology signed a strategic cooperation framework agreement with Shenzhen Hive Interconnect Technology [44] Group 10 - Jinyu Group's subsidiary acquired a real estate project for 3.364 billion yuan [46][47] - Kaiweite's major shareholder plans to reduce holdings by up to 3% of the company's shares [48] - Ningbo Energy's subsidiary plans to publicly transfer fixed assets valued at approximately 17.4372 million yuan [49]