Core Points - The first phase of the employee stock ownership plan of Satellite Chemical Co., Ltd. will expire on May 24, 2026 [1] - The plan was approved by the board and shareholders in May 2022, with the first stock transfer completed on May 25, 2022 [2] - The number of shares held under the plan increased from 4,843,900 to 9,488,644 due to the implementation of dividend distribution plans [2] - As of May 24, 2023, the 12-month lock-up period for the plan has expired, and no shares have been sold or used for collateral [3] Summary of the Plan - The plan has a duration of 48 months, starting from May 25, 2022, to May 24, 2026, and can be extended upon board approval [3] - Any significant changes to the plan require approval from two-thirds of the participating holders and the board [5] - The plan will automatically terminate upon expiration or can be terminated early if all assets are in cash after the lock-up period [5] - The company will continue to monitor the implementation of the plan and fulfill disclosure obligations as required by law [5]

一、本期持股计划基本情况 1、公司分别于2022年5月7日和2022年5月24日召开第四届董事会第十五次会 议、第四届监事会第十四次会议及2022年第二次临时股东大会审议通过了《关于 <卫星化学股份有限公司事业合伙人持股计划之第一期持股计划（草案）>及其 摘要的议案》《关于<卫星化学股份有限公司事业合伙人持股计划之第一期持股 计划管理办法>的议案》等相关议案。 2、公司于2022年5月27日披露了《关于事业合伙人持股计划之第一期持股计 划非交易过户完成的公告》，2022年5月25日，公司回购专用证券账户所持有公 司的股票4,843,900股以非交易过户形式过户至"卫星化学股份有限公司——事业 合伙人持股计划之第一期持股计划"账户，本期持股计划标的股票过户已完成。 证券代码：002648 证券简称：卫星化学 公告编号：2025-047 卫星化学股份有限公司 关于事业合伙人持股计划之第一期持股计划 存续期届满的提示性公告 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。 卫星化学股份有限公司（以下简称"公司"）事业合伙人持股计划之第一期 持股计划（以下简称"本期持股 ...

Core Viewpoint - Satellite Chemical (002648) has a current carbonate production capacity of 150,000 tons, which includes 60,000 tons of Dimethyl Carbonate (DMC), 50,000 tons of Ethylene Carbonate (EC), 40,000 tons of Diethyl Carbonate (DEC), and Ethyl Methyl Carbonate (EMC) [1] Group 1 - The company’s carbonate products are utilized in downstream applications such as new energy and energy storage systems [1] - The company possesses a full industry chain advantage and a comprehensive product layout, covering mainstream products for four types of lithium battery electrolyte solvents [1] - The company aims to provide overall solutions for downstream electrolyte customers [1]

Core Viewpoint - Satellite Chemical (002648.SZ) has a current carbonate production capacity of 150,000 tons, which includes 60,000 tons of Dimethyl Carbonate (DMC), 50,000 tons of Ethylene Carbonate (EC), 40,000 tons of Diethyl Carbonate (DEC), and Ethyl Methyl Carbonate (EMC) [1] Group 1 - The company's carbonate products are utilized in downstream applications such as new energy and energy storage systems [1] - Satellite Chemical possesses a full industry chain advantage and a comprehensive product layout, covering four mainstream products used as lithium battery electrolyte solvents [1] - The company aims to provide overall solutions for downstream electrolyte customers [1]

Core Viewpoint - The company has a carbonate production capacity of 150,000 tons, including 50,000 tons of ethylene carbonate (EC) [2] Group 1 - The company currently has a total carbonate production capacity of 150,000 tons [2] - Among this capacity, the specific production capacity for ethylene carbonate (EC) is 50,000 tons [2]

Core Viewpoint - Satellite Chemical has a current production capacity of 150,000 tons for battery-grade carbonates, which includes various types of carbonates essential for battery manufacturing [1] Group 1: Production Capacity - The company has a total production capacity of 150,000 tons for battery-grade carbonates [1] - This includes 60,000 tons of battery-grade dimethyl carbonate (DMC) [1] - Additionally, the capacity consists of 50,000 tons of battery-grade ethylene carbonate (EC) [1] - The production also includes 40,000 tons of battery-grade diethyl carbonate (DEC) and ethyl methyl carbonate (EMC) [1]

Group 1: Oil and Gas Exploration - The supply of oil is expected to slow down, maintaining Brent oil prices in a neutral range of $55-70 per barrel in 2026, with OPEC+ production pace easing and non-OPEC growth significantly declining [3][9] - Global GDP growth is projected at approximately 3.1% in 2026, leading to a slowdown in oil demand growth [3][9] - Geopolitical uncertainties are increasing, with ongoing sanctions on risk oil types, although some expectations are already priced into stock valuations [3][9] Group 2: Refining Industry - The refining sector is anticipated to see a recovery in profitability due to domestic "anti-involution" policies and the gradual exit of overseas refining capacity [4] - New refining capacity additions are nearing completion, but there will still be significant pressure on the supply side in the coming years [4] - The overall refining sector is expected to have reached a bottom in terms of profitability, with substantial potential for upward elasticity in the future [4] Group 3: Polyester Industry - The polyester industry is expected to experience limited new investment, with significant recovery potential in profitability due to the end of large capital expenditures in PTA and coordinated production cuts by leading companies [5] - The production capacity growth for polyester filament is projected to maintain a rate of 2-3%, with expectations for improved downstream demand [5] - The industry is nearing the end of new capacity releases for polyester bottle chips, leading to an ideal collaborative effect among companies and gradual recovery in profitability [5] Group 4: Investment Recommendations - The downstream polyester sector is tightening in supply and demand, with improvement expectations, recommending high-quality companies in polyester filament and bottle chips [6] - With oil prices expected to decline, refining companies are anticipated to see cost improvements, suggesting attention to major refining companies [6] - The upstream exploration and development sector remains highly prosperous, with offshore capital expenditures expected to remain high, recommending offshore oil service companies [6]

Core Viewpoint - Satellite Chemical (002648.SZ) has a current carbonate production capacity of 150,000 tons, which includes 60,000 tons of Dimethyl Carbonate (DMC), 50,000 tons of Ethylene Carbonate (EC), 40,000 tons of Diethyl Carbonate (DEC), and Ethyl Methyl Carbonate (EMC) [1] Group 1 - The company’s carbonate products are utilized in downstream applications such as new energy and energy storage systems [1] - The company possesses a full industry chain advantage and a comprehensive product layout, covering mainstream products for four types of lithium battery electrolyte solvents [1] - The company aims to provide overall solutions for downstream electrolyte customers [1]

Group 1 - The company, Satellite Chemical (002648.SZ), confirmed its production capacity for battery-grade carbonate solvents on an investor interaction platform [2] - The current production capacity includes 150,000 tons of battery-grade carbonates, which consists of 60,000 tons of battery-grade dimethyl carbonate (DMC), 50,000 tons of battery-grade ethylene carbonate (EC), 40,000 tons of battery-grade diethyl carbonate (DEC), and ethyl methyl carbonate (EMC) [2]

Core Viewpoint - The company, Satellite Chemical, has a total carbonate production capacity of 150,000 tons, which includes various types of carbonates that are applicable in lithium batteries and energy storage systems [1] Group 1: Company Business Overview - The company currently produces 60,000 tons of Dimethyl Carbonate (DMC), 50,000 tons of Ethylene Carbonate (EC), 40,000 tons of Diethyl Carbonate (DEC), and Ethyl Methyl Carbonate (EMC) [1] - The company's carbonate products are positioned to serve the new energy and energy storage sectors, highlighting their relevance in the growing lithium battery market [1] Group 2: Competitive Advantage - The company boasts a full industry chain advantage and a comprehensive product layout, covering four mainstream products used as solvents in lithium battery electrolytes [1] - The company aims to provide integrated solutions for downstream electrolyte customers, enhancing its competitive positioning in the market [1]