Core Viewpoint - The control of Bangjie Co., Ltd. will change as the current controlling shareholder, Mr. Tao Jianwei, is transferring 23.1 million shares, leading to Mr. Huang Rongyao of Shanghai Qishuo becoming the new actual controller [1][9]. Group 1: Management Changes - Following the change in control, significant adjustments will occur in the company's board of directors, with several key resignations including Chairman Chen Jiansong and Vice Chairman Tao Shiqing, while other executives will retain their positions in subsidiaries [3]. Group 2: Financial Struggles and Business Transition - Bangjie Co., Ltd. attempted to transition from the apparel industry to the photovoltaic sector, investing hundreds of millions but ultimately failing, leading to severe debt issues [5][11]. - The company announced the termination of two major projects in the photovoltaic sector, originally planned with a total investment of 8 billion yuan [5]. - Financial data shows a continuous decline in profitability, with net losses increasing from 150 million yuan in 2022 to 787 million yuan in 2024, and a significant drop in revenue in Q1 2025 [7]. Group 3: Debt and Legal Issues - As of May 19, the company's photovoltaic subsidiaries had overdue loans totaling approximately 776 million yuan, representing 258.85% of the company's audited net assets for 2024 [6]. - Multiple lawsuits have been filed against the company due to debt issues, and the equity of five core subsidiaries is under judicial freeze [6]. Group 4: New Ownership and Future Strategies - Mr. Huang Rongyao, the new controller, is recognized for his experience in debt restructuring and is expected to engage with stakeholders to resolve the company's debt problems [10]. - Analysts suggest a potential strategy of "stop the bleeding, slim down, and rebirth," focusing on resolving debt disputes, divesting unprofitable assets, and revitalizing the apparel business [11].

Core Viewpoint - The announcement details the resignation of several non-independent directors from Zhejiang Bangjie Holdings Group Co., Ltd., citing personal reasons, while they will continue to hold other positions within the company [1][2]. Group 1: Resignation Details - Chen Jiansong resigned as a non-independent director, chairman, and chairman of the strategic committee, retaining other roles within the company, holding 2,268,500 shares [1]. - Tao Shiqing stepped down as a non-independent director, vice chairman, and audit committee member, while still holding other positions, with 14,847,300 shares [2]. - Yang Jun resigned from his role as a non-independent director and strategic committee member but remains as the general manager, with no shares held [2]. - Wang Xinye and Liu Xu also resigned from their non-independent director roles, with Wang serving as the financial director and Liu as the board secretary, both holding no shares [2]. Group 2: Legal and Operational Implications - The resignations will not reduce the board members below the legal minimum, and the resignations take effect upon delivery to the board [3]. - The company will promptly complete the election of new non-independent directors and the chairman and vice chairman positions according to legal procedures [3]. - Zheng Wei will temporarily assume the chairman's responsibilities until a new chairman is elected, and the resignations will not affect the company's normal operations [3].

Summary of Key Points Core Viewpoint - The announcement details the release of pledged shares by a major shareholder, Suzhou Qingsong Enterprise Management Partnership, which has reduced its holdings in Zhejiang Bangjie Holdings Group Co., Ltd. by 13 million shares, representing 2.83% of the total share capital [1]. Group 1: Shareholder Information - Suzhou Qingsong has released 13,000,000 shares from pledge, decreasing its total holdings from 34,110,097 shares to 21,110,097 shares [1]. - The release of shares occurred on July 26, 2025, and the percentage of shares released is 2.83% of the company's total share capital [1]. Group 2: Pledged Shares Situation - As of the announcement date, the cumulative pledged shares by Suzhou Qingsong and its concerted parties are detailed, indicating a significant portion of their holdings are still under pledge [1]. - The total pledged shares represent 61.58% of the shares held by the shareholder prior to the release [1]. Group 3: Additional Notes - The announcement includes a reference to a previous agreement signed on May 30, 2025, regarding the transfer of shares, which may impact the control of the company [1]. - The document also mentions that a portion of the shares held by individual executives is subject to lock-up agreements, indicating a level of stability in management ownership [3].

Core Viewpoint - The announcement details the completion of the transfer of shares by major shareholders of Zhejiang Bangjie Holdings Group Co., Ltd., indicating a significant change in shareholding structure and control [1][2]. Group 1: Share Transfer Details - On July 21, 2025, the company received confirmation of the transfer of 23,100,000 shares from major shareholders Tao Jianwei and Suzhou Qingsong Enterprise Management Partnership to Shanghai Qisuoruihang Enterprise Management Partnership, representing 5.03% of the total share capital [1][2]. - The share transfer was executed through a private agreement, with Tao Jianwei transferring 2.25% and Suzhou Qingsong transferring 2.89% of the company's total shares [1][2]. Group 2: Changes in Shareholding - Following the transfer, Suzhou Qingsong and its concerted parties' holdings decreased from 38,655,297 shares (8.42%) to 25,655,297 shares (5.59%), reflecting a significant reduction in their stake [2][4]. - The adjusted shareholding percentage, excluding repurchased shares, decreased from 8.59% to 5.70% after the transfer [2][4]. Group 3: Compliance and Confirmation - The share transfer was confirmed by the Shenzhen Stock Exchange and completed on July 18, 2025, with the necessary registration procedures finalized [2][3]. - The company has ensured that the information provided is accurate and complete, with no misleading statements or omissions [1].

关于持股 5%以上股东协议转让股份完成过户登记 暨权益变动触及 1%整数倍的公告 苏州青嵩企业管理合伙企业（有限合伙）、陈剑嵩先生、陈根娣女士保证 向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 证券代码：002634 证券简称：棒杰股份 公告编号：2025-066 浙江棒杰控股集团股份有限公司 协议>暨控制权拟发生变更和权益变动的提示性公告》（公告编号：2025-050）。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 浙江棒杰控股集团股份有限公司（以下简称"公司"）于 2025 年 7 月 21 日 收到公司股东陶建伟、苏州青嵩企业管理合伙企业（有限合伙）（以下简称"苏 州青嵩"）、上海启烁睿行企业管理合伙企业（有限合伙）（以下简称"上海启烁"） 发来的中国证券登记结算有限责任公司出具的《证券过户登记确认书》，获悉陶 建伟先生、苏州青嵩通过协议转让方式合计向上海启烁出让 23,100,000 股公司 股份事宜已完成过户登记手续，具体情况如下： 一、协议转让基本情况 2025 年 5 月 30 日，公司原控股股东、实际控制人陶建伟先生及其一致行动 人陶 ...

证券代码：002634 证券简称：棒杰股份 公告编号：2025-065 浙江棒杰控股集团股份有限公司 关于控股股东、实际控制人、持股 5%以上股东 协议转让股份完成过户登记暨控制权发生变更的公告 1 股本的 14.91%，占剔除回购专户股份数后总股本的 15.23%）所对应的表决权委 托给上海启烁行使。本次表决权委托的期限为 36 个月，自《股份转让协议》项 下的标的股份转让交割完成之日起算。根据《上市公司收购管理办法》及深圳证 券交易所的相关规定，陶建伟先生、陶士青女士与上海启烁为一致行动人，并承 诺将共同遵守《上市公司收购管理办法》的相关规定。 根据《股份转让协议》及《表决权委托协议》，上述股份转让完成后，上海 启烁拥有公司表决权的比例将达到 19.94%，占剔除回购专户股份数后总股本的 20.36%，上海启烁将实现对公司的控制。公司的控股股东由陶建伟先生变更为上 海启烁，实际控制人将由陶建伟先生变更为黄荣耀先生。 具体内容详见公司于 2025 年 6 月 3 日、2025 年 6 月 10 日在巨潮资讯网披 露的《关于控股股东、实际控制人及其一致行动人、持股 5%以上股东签署<股份 转让协议><表决权委 ...

证券代码：002634 证券简称：棒杰股份 公告编号：2025-067 1 浙江棒杰控股集团股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 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。 浙江棒杰控股集团股份有限公司（以下简称"公司"）近日接到持股 5%以上 股东苏州青嵩企业管理合伙企业（有限合伙）（以下简称"苏州青嵩"）的通知， 获悉其所持有本公司的部分股份解除质押，具体事项如下： 注：2025 年 5 月 30 日，苏州青嵩与上海启烁签署《股份转让协议》，将其持有的上市 公司 13,000,000 股股份（占上市公司总股本的 2.83%，占剔除回购专户股份数后总股本的 2.89%）转让给上海启烁。并于 2025 年 7 月 18 日完成股份过户登记手续，转让完成后苏州 青嵩持有公司股份由 34,110,097 股减少至 21,110,097 股。本次权益变动具体情况详见公 司于 2025 年 7 月 22 日披露的《关于控股股东、实际控制人、持股 5%以上股东协议转让股 份完成过户登记暨控制权发生变更的公告》（公告编号：2025-065）。 ...

证券代码：002634 证券简称：棒杰股份 公告编号：2025-068 浙江棒杰控股集团股份有限公司 刘栩先生因个人原因，申请辞去公司第六届董事会非独立董事、董事会提名 委员会委员职务，辞职后仍担任公司董事会秘书职务。截至本公告日，刘栩先生 未持有公司股份。 根据《中华人民共和国公司法》（以下简称"《公司法》"）《深圳证券交 1 关于公司部分非独立董事离职的公告 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。 浙江棒杰控股集团股份有限公司（以下简称"公司"）于 2025 年 7 月 21 日 分别收到陈剑嵩先生、陶士青女士、杨军先生、王心烨女士、刘栩先生的书面辞 职报告，上述人员非独立董事职务的原定任期为 2023 年 6 月 26 日至 2026 年 6 月 26 日。具体情况如下： 陈剑嵩先生因个人原因，申请辞去公司第六届董事会非独立董事、董事长、 董事会战略委员会主任委员职务，辞职后仍担任公司及子公司相关职务。截至本 公告日，陈剑嵩先生持有 2,268,500 股公司股份，其所持股票变动将遵循中国证 券监督管理委员会、深圳证券交易所的相关规定以及公司限制 ...

棒杰股份（002634）公告，陶建伟、苏州青嵩、上海启烁于2025年7月21日取得由中国证券登记结算有 限责任公司深圳分公司出具的《证券过户登记确认书》，过户日期为2025年7月18日。陶建伟、苏州青 嵩通过协议转让方式合计向上海启烁出让2310万股公司股份，占上市公司总股本的5.03%，占剔除回购 专户股份数后总股本的5.14%。同时，陶建伟及其一致行动人陶士青将其持有的6848.88万股股份(占剔 除回购专户股份数后总股本的15.23%)所对应的表决权委托给上海启烁行使。股份转让完成后，上海启 烁拥有公司表决权的比例将达到19.94%，占剔除回购专户股份数后总股本的20.36%，实现对公司的控 制。公司的控股股东由陶建伟变更为上海启烁，实际控制人由陶建伟变更为黄荣耀。 ...

Group 1: Report Core View - The disk of polysilicon may rise first and then fall [2] Group 2: Industry News - On July 16, Bangjie Co., Ltd. announced the termination of the high - efficiency photovoltaic cell and large - size silicon wafer slicing project in Jiangshan and signed a termination agreement. Due to changes in the photovoltaic market environment, the company plans to terminate the project with a planned total investment of about 8 billion yuan and a fixed - asset investment plan of about 6.2 billion yuan [2][3][5] Group 3: Fundamental Data Industrial Silicon and Polysilicon Futures Market - Si2509 closing price: 8,745 yuan/ton, up 275 yuan from T - 5 [2] - Si2509 trading volume: 1,033,119 lots, down 435,467 lots from T - 5 [2] - Si2509 open interest: 381,048 lots, down 189 lots from T - 5 [2] - PS2509 closing price: 45,700 yuan/ton, up 4,355 yuan from T - 5 [2] - PS2509 trading volume: 410,795 lots, down 603,772 lots from T - 5 [2] - PS2509 open interest: 70,964 lots, down 27,637 lots from T - 5 [2] Basis - Industrial silicon spot premium (against East China Si5530): +450 yuan/ton, up 240 yuan from T - 5 [2] - Polysilicon spot premium (against N - type recycled material): +1050 yuan/ton, down 6,765 yuan from T - 5 [2] Price - East China oxygen - passing Si5530: 9200 yuan/ton, up 450 yuan from T - 5 [2] - Yunnan Si4210: 9900 yuan/ton, unchanged from T - 5 [2] - Polysilicon - N - type recycled material: 46750 yuan/ton, up 750 yuan from T - 5 [2] Profit - Silicon factory profit (Xinjiang new standard 553): - 2337 yuan/ton, up 64 yuan from T - 5 [2] - Silicon factory profit (Yunnan new standard 553): - 4273 yuan/ton, up 91 yuan from T - 5 [2] - Polysilicon enterprise profit: - 1.4 yuan/kg, up 0.3 yuan from T - 5 [2] Inventory - Industrial silicon - social inventory: 54.7 tons, down 0.4 tons from T - 5 [2] - Industrial silicon - enterprise inventory: 17.3 tons, down 0.11 tons from T - 5 [2] - Industrial silicon - industry inventory: 72.0 tons, down 0.50 tons from T - 5 [2] - Industrial silicon - futures warehouse receipt inventory: 25.2 tons, up 0.1 tons from T - 5 [2] - Polysilicon - manufacturer inventory: 24.9 tons, down 2.7 tons from T - 5 [2] Raw Material Cost - Silicon ore in Xinjiang: 340 yuan/ton, unchanged from T - 5 [2] - Silicon ore in Yunnan: 320 yuan/ton, unchanged from T - 5 [2] - Washed coking coal in Xinjiang: 1250 yuan/ton, unchanged from T - 5 [2] - Washed coking coal in Ningxia: 875 yuan/ton, down 20 yuan from T - 5 [2] - Maoming petroleum coke: 1400 yuan/ton, unchanged from T - 5 [2] - Yangzi petroleum coke: 1630 yuan/ton, unchanged from T - 5 [2] - Graphite electrode: 11140 yuan/ton, up 240 yuan from T - 5 [2] - Carbon electrode: 6910 yuan/ton, up 160 yuan from T - 5 [2] Polysilicon (Photovoltaic) - Silicon wafer (N - type - 182mm): 1.25 yuan/piece, up 0.25 yuan from T - 5 [2] - Battery cell (TOPCon - M10): 0.238 yuan/watt, up 0.01 yuan from T - 5 [2] - Component (N - type - 182mm): 0.65 yuan/watt, unchanged from T - 5 [2] - Photovoltaic glass (3.2mm): 17.5 yuan/cubic meter, down 0.50 yuan from T - 5 [2] - Photovoltaic - grade EVA price: 9650 yuan/ton, unchanged from T - 5 [2] Organic Silicon - DMC price: 10800 yuan/ton, up 350 yuan from T - 5 [2] - DMC enterprise profit: - 1238 yuan/ton, down 154 yuan from T - 5 [2] Aluminum Alloy - ADC12 price: 20000 yuan/ton, down 100 yuan from T - 5 [2] - Recycled aluminum enterprise profit: - 570 yuan/ton, up 150 yuan from T - 5 [2] Group 4: Trend Intensity - Industrial silicon trend intensity: 0; polysilicon trend intensity: 0. The trend intensity ranges from - 2 to 2, with - 2 being the most bearish and 2 being the most bullish [5]