法律意见书 广州市天河区珠江东路 32 号利通广场 29 层 邮编：510623 29/F, Lea Top Plaza, 32#Zhujiang East Road, Tianhe District, Guangzhou, 510623 电话/TEL：（8620）37392666 传真/FAX：（8620）37392826 网址/WEB：www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 北京市康达（广州）律师事务所 关于东江环保股份有限公司 2026 年第一次临时股东会的 法律意见书 康达股会字【2026】第 0003 号 致：东江环保股份有限公司 北京市康达（广州）律师事务所（下称"本所"）接受东江环保股份有限公 司（下称"东江环保"或"公司"）委托，指派律师出席公司 2026 年第一次临 时股东会（以下简称"本次股东会"）。根据《中华人民共和国公司法》（下称 "《公司法》"）、《中华人民共和国证券法》（下称"《证券法》"）、《上 市公司股东会规则》（下称"《股东会规则》"）等 ...

股票代码：002672 股票简称：东江环保 公告编号：2026-06 （2） 网络投票时间：2026 年 1 月 30 日（星期五）。 东江环保股份有限公司 2026 年第一次临时股东会决议公告 公司及其董事会全体成员保证信息披露内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 东江环保股份有限公司（以下简称"公司"）已于 2026 年 1 月 30 日召开公司 2026 年第一次临时股东会（以下简称"临时股东会"），有关会议的决议及表决情 况如下： 一、重要提示 1、本次会议无增加、变更、否决议案的情况。 2、本次会议无变更前次股东会决议的情况。 二、会议召开情况 1、召开时间： （1） 现场会议时间：2026 年 1 月 30 日（星期五）15:00； 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 2026 年 1 月 30 日（星期五）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 2026 年 1 月 30 日（星期五）9:15 ~ 15:00 期间 的任意时间。 2、召开地点：深圳市南山区科 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 就 因 本 公告 全 部 或 部份 內 容而產 生 或 因倚 賴 該等內 容 而 引致 之 任何損 失 承 擔任 何 責任。 DONGJIANG ENVIRONMENTAL COMPANY LIMITED* 東江環保股份有限公司 （ 於 中 華 人 民 共 和 國 註 冊 成 立 之 股 份 有 限 公 司 ） （ 股 份 代 號 ： 0 0 8 9 5 ） 海外監管公告 以下為東江環保股份有限公司於深圳證券交易所網站所刊發 之 「 2026 年 第 一 次 臨 時 股 東 會 決 議 公 告 」 「 北 京 市 康 達 （ 廣 州 ） 律 師 事 務 所 關 於 東 江 環保 股 份 有 限公 司 2 0 2 6年 第 一 次臨 時 股東會 的 法 律意 見 書 」。 承 董 事 會命 東 江 環 保 股 份有 限公 司 董 事長 王碧安 中 國 ， 深圳 市 二零二 ...

Core Viewpoint - Dongjiang Environmental Protection's subsidiary, Xiongfeng Environmental Protection, focuses on the recovery and utilization of precious metals, indicating a strategic emphasis on sustainable practices in the precious metals sector [1] Group 1: Company Overview - The main business of Xiongfeng Environmental Protection includes the recovery of precious metals such as gold, silver, tellurium, bismuth, and antimony [1] - The company also deals with metals that include lead, zinc, tin, and copper, showcasing a diverse portfolio in metal recovery [1] Group 2: Business Operations - Specific operational data regarding the company's performance will be disclosed in future company announcements, highlighting a commitment to transparency [1]

Core Insights - The industrial solid waste treatment industry in China is in its early development stage, with low industrialization and market concentration. The market size is projected to grow from 686.84 billion yuan in 2016 to 983.78 billion yuan in 2024, with a compound annual growth rate (CAGR) of 5% [1][15] - By 2025, the market size is expected to reach approximately 1,089.92 billion yuan, driven by stricter environmental regulations, the implementation of circular economy strategies, and continuous innovation in treatment technologies [1][15] Industry Overview - Industrial solid waste treatment involves the systematic collection, professional transportation, and final disposal of solid and semi-solid waste generated during industrial production. The main goal is to achieve harmlessness, reduction, and resource recovery [2][4] - The industry includes various treatment methods such as physical, chemical, and biological processes, with applications in raw material utilization, incineration power generation, and pyrolysis gasification [2][6] Market Size and Growth - The market size of the industrial solid waste treatment industry in China is projected to grow from 686.84 billion yuan in 2016 to 983.78 billion yuan in 2024, with a CAGR of 5%. By 2025, it is expected to reach approximately 1,089.92 billion yuan [1][15] - The industrial solid waste treatment equipment and engineering market is also expanding, with a projected growth from 73.99 billion yuan in 2019 to 84.57 billion yuan in 2024, and an expected size of 86.86 billion yuan in 2025 [11] Policy Support - The Chinese government has implemented several policies to support the development of industrial solid waste treatment facilities, emphasizing the importance of harmless and resourceful treatment as essential infrastructure for urban development [7][8] - Key policies include the establishment of a waste recycling system by 2025 and the comprehensive management action plan for solid waste, which aims to enhance the management and tracking of industrial solid waste [7][8] Industry Chain - The industrial solid waste treatment industry chain includes upstream equipment manufacturing, midstream specialized collection and treatment, and downstream resource recovery and recycling [9][10] - Key equipment includes waste crushing, incineration, landfill, and recycling equipment, which are crucial for the effective treatment of industrial solid waste [9][11] Key Players - Major companies in the industrial solid waste treatment sector include Hanlan Environment, Greeenmei, Fuchun Environmental Protection, Weiming Environmental Protection, and others, which are competing based on technology integration, operational efficiency, and resource recovery depth [1][15][16] - Hanlan Environment has developed a comprehensive service capability for solid waste treatment, while Fuchun Environmental Protection has expanded its business model to include resource recovery and environmental monitoring [17][18] Challenges - The industry faces challenges such as insufficient treatment capacity, outdated technology, and non-standard management practices, which hinder effective waste treatment and increase environmental risks [19] - Many regions lack adequate treatment facilities, leading to an imbalance in treatment capacity across different areas [19] Future Trends - The industry is expected to evolve towards precision separation and high-value resource recovery, utilizing advanced technologies for better waste management [20][22] - There will be a shift from project-based operations to comprehensive lifecycle management and regional collaborative disposal, enhancing efficiency and reducing environmental risks [20][21] - The value proposition of industrial solid waste treatment companies will transform from being a cost center to creating measurable carbon reduction and sustainability solutions [22]

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection industry, consistent with the previous rating [2]. Core Insights - Environmental companies are actively expanding into upstream mining sectors to create a second growth curve, leveraging synergies between resource control and environmental services [3][18]. - The integration of environmental and mining operations is expected to enhance resource security, optimize costs, and improve compliance with environmental regulations [18]. - The report highlights specific companies such as GaoNeng Environment, BeiJieTe, and LongJing Environment as key players in this strategic shift towards mining [19][20][25]. Market Performance - As of January 16, the environmental sector saw a 0.3% increase, outperforming the broader market, which declined by 0.45% [10]. - Sub-sectors within the environmental industry showed varied performance, with water treatment and environmental equipment sectors performing well, while air treatment and resource recovery sectors faced declines [13][16]. Industry Dynamics - Recent regulatory developments include the issuance of guidelines for the recycling and utilization of used batteries from electric vehicles, aimed at establishing a comprehensive management system [29]. - The report discusses the importance of industrial green microgrid construction as a means to promote low-carbon transitions in industrial energy use [30]. Company Announcements - GaoNeng Environment announced the acquisition of a 45.2% stake in three mining companies, gaining exploration rights to several gold mines with a total proven gold content of 4,474 kg [19]. - BeiJieTe has secured mining rights for copper and lithium in Xinjiang, aligning with national policies promoting ecological restoration and green development [20][21]. - LongJing Environment is focusing on green mining and new energy equipment, leveraging its relationship with Zijin Mining to enhance its project capabilities [25]. Investment Recommendations - The report suggests that the "14th Five-Year Plan" will sustain high demand for energy conservation and environmental protection, with water and waste incineration sectors expected to see stable profitability [53]. - Key recommendations include companies like HanLan Environment, XingRong Environment, and HongCheng Environment, with additional attention on companies such as WangNeng Environment and JinYuan Co [53].

Core Viewpoint - Dongjiang Environmental (00895.HK) is expected to report a net loss attributable to shareholders of the listed company ranging from RMB 1.35 billion to RMB 1.05 billion for the fiscal year 2025 [1] Financial Performance - The forecasted period for the financial performance is from January 1, 2025, to December 31, 2025 [1] - The anticipated net loss indicates a significant financial challenge for the company in the upcoming fiscal year [1]

Group 1 - The company Dongjiang Environmental (00895.HK) announced that it is involved in a lawsuit, leading to the freezing of part of its fundraising [1] - A total of RMB 96,317,554.88 (approximately 96.32 million) was frozen, which accounts for 8.06% of the company's net fundraising amount [1] - The company has confirmed that the frozen funds have been fully released and that the freezing period did not significantly impact its fundraising projects or normal operations [1]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 就 因 本 公告 全 部 或 部份 內 容而產 生 或 因倚 賴 該等內 容 而 引致 之 任何損 失 承 擔任 何 責任。 DONGJIANG ENVIRONMENTAL COMPANY LIMITED* 東江環保股份有限公司 （ 於 中 華人 民 共和國 註 冊 成立 之 股份有 限 公 司） （股份代號： 0 0 8 9 5） 內幕消息 2 02 5年度業績預告 本公告乃由 東 江 環 保 股 份 有 限 公 司 ( 「 本 公 司 」 ，連同其附屬公司 統稱為 「本 集 團 」 ) 根 據香港 聯 合 交易 所 有限公 司 證 券上 市 規則 (「上市規則 」 ) 第 1 3 . 0 9 條 及 1 3 . 1 0 B 條 及 香 港 法 例 第 571 章 證 券 及 期 貨 條 例 第 X I V A 部 項 下 之 內 幕 消 息 條文 ( 定義見 上 市 ...

Core Viewpoint - Dongjiang Environmental (00895) expects a significant increase in net losses for 2025, projecting losses of 1.05 to 1.35 billion yuan, with adjusted net losses (excluding non-recurring items) estimated at 0.95 to 1.25 billion yuan, indicating a substantial year-on-year growth in losses [1] Industry Summary - The hazardous waste industry is still undergoing a deep adjustment phase in 2025, characterized by intense competition, which continues to compress profit margins for the company's core businesses of harmless treatment and resource utilization [1] - The overall market conditions are challenging, and the company anticipates that the fundamental recovery of its performance will take time due to ongoing pressures from asset impairment and credit losses [1] Company Strategy - In response to the severe industry and operational challenges, the company is accelerating its layout in resource recycling and comprehensive environmental services, aiming to build a full industry chain for recycled resource utilization [1] - The company is striving to promote its transformation and upgrading through technological innovation [1]