董事会议事规则 山西证券股份有限公司 董事会议事规则 (2025 年 12 月) （二）执行股东会的决议； （三）决定公司的经营计划、投资方案； （四）制订公司的利润分配方案和弥补亏损方案； （五）制订公司增加或者减少注册资本、发行债券或者其他证券 及上市方案； （六）拟订公司重大收购、公司因《公司章程》第二十九条第（一） 项、第（二）项规定的情形收购本公司股份或者合并、分立、分拆、 解散及变更公司形式的方案； 第一条 宗旨 为了进一步规范山西证券股份有限公司（以下简称公司）董事会 的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高 董事会规范运作和科学决策水平，根据《中华人民共和国公司法》《中 华人民共和国证券法》《上市公司治理准则》《深圳证券交易所股票上 市规则》（以下简称《股票上市规则》）《山西证券股份有限公司章程》 （以下简称《公司章程》）以及其他有关法律、法规的规定，并结合 公司实际情况，制定本规则。 第二条 董事会职权 董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （七）决定公司因《公司章程》第二十九条第（三）项、第（五） 项、第（六）项规定的情形收购本公司股份的事宜并作 ...

山西证券股份有限公司章程 山西证券股份有限公司章程 (2025 年 12 月) 目 录 第四章 股东和股东会 第一节 财务会计制度 1 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第五章 公司党组织 第六章 董事和董事会 第一节 董事的一般规定 第二节 独立董事 第三节 董事会 第四节 董事会专门委员会 第五节 董事会秘书 第七章 高级管理人员 第八章 财务会计制度、利润分配和审计 山西证券股份有限公司章程 第二节 内部稽核（审计） 第三节 会计师事务所的聘任 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 2 第九章 通知和公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 山西证券股份有限公司章程 第一章 总则 第一条 为维护山西证券股份有限公司（以下简称公司）、股东、 职工和债权人的合法权益，规 ...

现金分红管理制度 山西证券股份有限公司现金分红管理制度 （2025 年 12 月） 第一章 总 则 第一条 为进一步规范山西证券股份有限公司（以下简称"公 司"）分红行为，推动公司建立科学、持续、稳定的分红机制，增强 现金分红透明度，保护中小投资者合法权益，根据《公司法》、《证券 法》、《上市公司监管指引第 3 号—上市公司现金分红》等法律法规以 及《公司章程》的有关规定，结合公司实际情况，制定本制度。 第二章 公司利润分配原则及政策 第二条 利润分配原则 公司应当综合考虑所处行业特点、发展阶段、自身经营模式、盈 利水平、偿债能力、是否有重大资金支出安排以及投资者回报等因素， 科学、审慎决策，合理确定利润分配政策。 公司实行持续、稳定的利润分配政策，公司利润分配应充分重视 对投资者的合理投资回报，同时兼顾全体股东的整体利益及公司的长 远利益和可持续发展。公司利润分配不得超过累计可供分配股利的范 围，不得损害公司持续经营能力，并坚持如下原则： （一）按法定顺序分配的原则； （二）存在未弥补亏损不得分配的原则； （三）公司持有的本公司股份不得分配的原则。 第三条 利润分配形式 公司可以采取现金、股票、现金与股票相 ...

对外担保管理制度 山西证券股份有限公司对外担保管理制度 （2025 年 12 月） 第一章 总 则 第一条 为了规范山西证券股份有限公司（以下简称公司）对外 担保管理，有效控制公司对外担保风险，保护公司财务安全和投资者 的合法权益，根据《中华人民共和国公司法》（以下简称《公司法》） 《中华人民共和国证券法》（以下简称《证券法》）《中华人民共和国 民法典》（以下简称《民法典》）《山西证券股份有限公司章程》（以下 简称《公司章程》）以及其他有关法律、法规的规定，并结合公司实 际情况，制定本制度。 第二条 本制度所称对外担保是指公司为他人提供的担保，包括 公司对控股子公司的担保。 第三条 公司对外担保实行统一管理，非经公司董事会或股东会 批准，任何人无权以公司名义签署对外担保的合同、协议或其他类似 的法律文件。 未经公司批准，公司控股子公司不得对外提供担保，不得相互提 供担保。 第四条 公司控股子公司为公司合并报表范围内的法人或者其他 组织提供担保的，公司应当在控股子公司履行审议程序后及时披露， 按照《深圳证券交易所股票上市规则》应当提交公司股东会审议的担 保事项除外。 公司控股子公司对公司提供的担保不适用前款规定 ...

证券代码：002500 证券简称：山西证券 公告编号：临2025-040 4、为尊重中小投资者利益，本次股东大会所提议案均对中小投 资者的表决单独计票。 一、会议召开情况 1、会议时间： （1）现场会议召开时间：2025年12月25日14:30 山西证券股份有限公司 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、本次股东大会以现场表决与网络投票相结合的方式召开； 2、本次会议无增减、修改、否决议案的情况； 3、本次会议不涉及变更以往股东大会已通过的决议； 4、会议召集人：公司董事会 （2）网络投票时间：2025年12月25日 其中，通过深圳证券交易所系统进行网络投票的具体时间为2025 年12月25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12月25日9:15至15:00 期间的任意时间。 2、会议方式：现场表决与网络投票相结合的方式。 3、现场会议召开地点：山西省太原市杏花岭区府西街69号山西 国际贸易中心A座27层 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于山西证券股份有限公司 2025 年第一次临时股东大会的法律意见书 致：山西证券股份有限公司 山西证券股份有限公司（以下简称"公司"）2025 年第一次临时股东大会（以 下简称"本次股东大会"）于 2025 年 12 月 25 日 14:30 在山西省太原市杏花岭区府 西街 69 号山西国际贸易中心 A 座 27 层会议室召开。国浩律师（上海）事务所（以 下简称"本所"）接受公司的委托，指派本所律师出席会议见证，并依据《中华人民 共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以下简 称"《公司法》"）、中国证券监督管理委员会（以下简称"中国证监会"）《上市公 司股东会规则》和《山西证券股份有限公司章程》（以下简称"《公司章程》"）出 具本法律意见书。 根据对事实的了解和对法律的理解，本所律师已经按照有关法律、法规、规 范性文件以及《公司章程》的规定对公司本次股东大会召集、召开程序的合法有 效性、出席会议人员资格和召集人资格的合法有效性以及股东大会表决程序和表 决结果的合法有效性发表法律意见。 本法律意见书系依据国家有关法律、法 ...

Core Viewpoint - The carbon fiber market is experiencing significant differentiation, with strong competition in general-purpose and large-tow products, while high-end applications in aerospace, hydrogen storage, and large-scale wind power require consistent performance and reliable long-term supply [1] Industry Summary - The demand for high-end carbon fiber is rapidly increasing, with China's actual consumption expected to reach 96,446 tons in 2025, representing a year-on-year increase of 71.89%. The growth is primarily concentrated in wind turbine blades and aerospace sectors [1] - The supply-demand relationship is improving, and companies capable of consistently providing high-performance products are gradually regaining pricing power [1] Company Summary - Jilin Chemical Fiber announced a price increase for its wet-process 12K carbon fiber and 3K carbon fiber, effective January 1, 2026, with increases of 5,000 yuan and 10,000 yuan per ton, respectively [1]

Group 1: Company Culture and Values - Company emphasizes the importance of corporate culture as the soul of the enterprise, promoting values such as integrity, innovation, and collaboration [1] - The core value of the company is summarized as "profit through righteousness, cooperation and inclusiveness, and pursuit of excellence" [1] Group 2: Strategic Development - The company has identified "serving the real economy" and "differentiated development" as its two main strategic lines since the beginning of the 13th Five-Year Plan [2] - A dedicated working group was established in 2016 to enhance services for the real economy, covering a comprehensive service system for various financial needs [2] - The company has achieved significant market presence, serving over 90% of large state-owned enterprises in Shanxi and completing numerous benchmark projects [2] Group 3: Financial Services and Innovations - The company is committed to high-quality development, focusing on enhancing the professionalism and sustainability of financial services [3] - A three-year action plan (2025-2027) has been established to implement the "Five Major Financial Articles" strategy, aligning with Shanxi's energy transition and industrial upgrading [3] - The company has developed a green finance service system, including innovative products like low-carbon transition bonds and green ABS [4][5] Group 4: Support for Technological and Traditional Industries - The company has issued 12 technology innovation bonds totaling 11.8 billion yuan to support local enterprises in their technological advancements [7] - It actively promotes the integration of technology finance and inclusive finance to support small and medium-sized enterprises [8] - The company has established a fund management role for the provincial angel fund, focusing on strategic emerging industries such as new energy and biomedicine [8] Group 5: Commitment to National Strategy - The company aligns its operations with the national strategy outlined in the 14th Five-Year Plan, emphasizing the construction of a modern industrial system and the strengthening of the real economy [6][9] - It aims to enhance its role in capital market reforms and high-quality development, contributing to the construction of a financial power [9][10]

Core Viewpoint - The article emphasizes the importance of optimizing the financial institution system and enhancing the cultural soft power of securities companies to achieve high-quality development in the financial sector, as outlined in the "14th Five-Year Plan" proposed by the 20th Central Committee of the Communist Party of China [1]. Group 1: Company Strategy and Culture - Shanxi Securities focuses on cultivating and practicing a distinctive financial culture that serves the real economy, aligning with national strategies and local development goals [2][3]. - The company has established a core value system based on principles such as integrity, stability, and innovation, which reflects its commitment to serving the real economy and fulfilling its responsibilities as a state-owned enterprise [3][4]. Group 2: Financial Services and Development - Shanxi Securities has developed a comprehensive service system that includes various financial services such as IPOs, mergers and acquisitions, and asset securitization, aimed at supporting the real economy and enhancing financial service quality [4][6]. - The company has been recognized for its significant contributions to the capital market in Shanxi, covering over 90% of major state-owned enterprises and completing numerous benchmark projects [4][5]. Group 3: Green Finance Initiatives - The company is actively involved in green finance, developing innovative financial products and services to support the dual carbon goals, including low-carbon transition bonds and green asset-backed securities [7][8]. - Shanxi Securities has established a three-in-one green finance service system that integrates product innovation, full-cycle services, and ecological collaboration to enhance its green finance capabilities [7]. Group 4: Support for Technological Innovation - The company is committed to integrating financial services with technological innovation, creating a comprehensive service system that supports enterprises at various stages of development, from seed to maturity [9][10]. - Shanxi Securities has facilitated the issuance of technology innovation bonds for local enterprises, totaling 11.8 billion yuan, to meet the funding needs for technological advancements [10][11].

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session has set clear requirements and strategic deployments for accelerating the construction of a financial power during the "14th Five-Year Plan" period, emphasizing the importance of integrating rule of law and moral governance in promoting high-quality financial development and building a financial strong nation [1] Group 1: Company Strategy and Culture - Shanxi Securities emphasizes the importance of a distinctive corporate culture as the foundation for its operations, promoting values such as integrity, innovation, and collaboration, while integrating traditional cultural elements [4] - The company has established a comprehensive service system covering various financial services, including IPOs, mergers and acquisitions, and asset securitization, to support the real economy and enhance service quality [5] - Shanxi Securities has adopted a "service the real economy" and "differentiated development" strategy, focusing on serving the local economy and enhancing its competitive advantage [6] Group 2: Financial Services and Contributions - The company has achieved significant regional influence, serving over 90% of large state-owned enterprises in Shanxi and completing numerous benchmark projects, leading in bond underwriting for five consecutive years [6] - Shanxi Securities is committed to high-quality development, aligning its operations with national economic strategies and focusing on key sectors to enhance financial service effectiveness [7] - The company has developed a three-in-one green finance service system, including product innovation, full lifecycle services, and ecological collaboration, to support sustainable development [8] Group 3: Green Finance Initiatives - Shanxi Securities has initiated multiple green finance demonstration projects, including the issuance of low-carbon transition bonds and ABS for clean energy projects, contributing to environmental protection efforts [9] - The company is actively advancing its first public REITs project in Shanxi, aimed at supporting the energy revolution and transformation [9] Group 4: Support for Technological and Industrial Development - Shanxi Securities is focused on integrating financial services with technological innovation and supporting traditional industries in their transformation towards high-end, intelligent, and green development [10] - The company has facilitated the issuance of 12 technology innovation bonds for local enterprises, totaling 11.8 billion yuan, to meet funding needs for technological advancements [11] - Shanxi Securities is enhancing support for small and medium-sized technology enterprises through customized financial services and investment funds, aiming to foster new quality productivity [12] Group 5: Future Directions and Commitments - The company is committed to following the path of Chinese-style financial development, focusing on serving the real economy and enhancing its professional service capabilities to contribute to the construction of a financial strong nation [13]