Core Viewpoint - Anning Co., Ltd. announced the resignation of director Yan Mingqing due to personal reasons, while she will continue to hold other positions within the company [2] Group 1: Board Changes - The board of directors convened on October 16, 2025, to review and approve the proposal for replacing a non-independent director [2] - Chen Xueyuan has been elected as the candidate for the non-independent director position following Yan Mingqing's resignation [2]

Core Viewpoint - Anning Co., Ltd. announced the resignation of key executives, including the general manager and financial officer, due to personal reasons, and appointed new individuals to these positions [2] Group 1: Executive Changes - The company received written resignation reports from General Manager Yan Mingqing, Financial Officer Li Banglan, and Deputy General Manager Li Shunze, all citing personal reasons for their departures [2] - Despite resigning from their current roles, the aforementioned executives will continue to hold other positions within the company [2] - The board of directors convened on October 16, 2025, to approve the appointment of new senior management, including Zeng Chenghua as General Manager, Chen Xueyuan as Financial Officer and Deputy General Manager, and Tian Yadong as Deputy General Manager [2]

Group 1 - The company Anning Co., Ltd. announced the resignation of several key executives due to personal reasons, including the General Manager, Financial Officer, and Deputy General Manager [1] - Following the resignations, the board approved the appointment of new senior management, including Mr. Zeng Chenghua as General Manager, Ms. Chen Xueyuan as Financial Officer and Deputy General Manager, and Mr. Tian Yadong as Deputy General Manager [1] - For the first half of 2025, Anning Co., Ltd.'s revenue composition shows that the black metal mining sector accounts for 99.79% of total revenue, while other businesses contribute 0.21% [1] Group 2 - As of the report date, Anning Co., Ltd. has a market capitalization of 15.6 billion yuan [1]

Group 1 - Anning Co., Ltd. announced the resignation of Ms. Yan Mingqing from the board of directors for personal reasons, while she will continue to hold other positions within the company [1] - The board has agreed to elect Ms. Chen Xueyuan as a candidate for non-independent director [1] - For the first half of 2025, Anning's revenue composition shows that the black metal mining industry accounts for 99.79% of total revenue, with other businesses contributing 0.21% [1] Group 2 - As of the report date, Anning Co., Ltd. has a market capitalization of 15.6 billion yuan [1]

证券代码：002978 证券简称：安宁股份 公告编号：2025-074 四川安宁铁钛股份有限公司 关于高级管理人员变动的公告 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。 一、高级管理人员辞职情况 四川安宁铁钛股份有限公司（以下简称"公司"）董事会于近日收到总经理 严明晴女士、财务负责人李帮兰女士、副总经理李顺泽先生的书面辞职报告。严 明晴女士因个人原因申请辞去公司总经理职务，李帮兰女士因个人原因申请辞去 财务负责人职务，李顺泽先生因个人原因申请辞去副总经理职务，严明晴女士、 李帮兰女士、李顺泽先生辞去上述职务后仍在公司担任其他职务。上述人员的辞 职申请自辞职报告送达公司董事会之日起生效。截至本公告披露日，上述人员未 直接或间接持有公司股份，不存在应当履行而未履行的承诺事项。 公司董事会对严明晴女士、李帮兰女士、李顺泽先生在职期间的勤勉工作深 表感谢。 3、辞职报告。 特此公告。 四川安宁铁钛股份有限公司董事会 2025 年 10 月 16 日 附件： 二、聘任高级管理人员情况 经公司董事会提名委员会资格审查通过，公司已于2025年10月16日召开了第 六 ...

证券代码：002978 证券简称：安宁股份 公告编号：2025-071 四川安宁铁钛股份有限公司 关于董事变动的公告 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。 一、董事辞职情况 四川安宁铁钛股份有限公司（以下简称"公司"）董事会于近日收到董事严 明晴女士的书面辞职报告。严明晴女士因个人原因申请辞去公司董事职务，严明 晴女士辞去董事职务后仍在公司担任其他职务。严明晴女士的辞职申请自辞职报 告送达公司董事会之日起生效。截至本公告披露日，严明晴女士未直接或间接持 有公司股份，不存在应当履行而未履行的承诺事项。 公司董事会对严明晴女士在职期间的勤勉工作深表感谢。 二、补选董事候选人的情况 公司已于2025年10月16日召开了第六届董事会第二十八次会议，审议通过了 《关于更换公司非独立董事的议案》，董事会同意选举陈学渊女士（简历附后） 为非独立董事候选人。非独立董事候选人经股东会审议通过后任职，任期自股东 会通过之日起至第六届董事会届满之日止。非独立董事候选人任职资格已经通过 公司第六届提名委员会第五次会议审查，提名程序符合《中华人民共和国公司法》 和《公司章程 ...

证券代码：002978 证券简称：安宁股份 公告编号：2025-072 四川安宁铁钛股份有限公司 关于召开2025年第四次临时股东会的通知 一、召开会议的基本情况 1、股东会届次：2025年第四次临时股东会 2、召集人：公司董事会 3、会议召开的合法、合规性： （1）本次股东会召开符合《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》《深圳证券交易所股票上市规则》等有关法律、行政 法规、部门规章、规范性文件和《四川安宁铁钛股份有限公司章程》（以下简称 "《公司章程》"）的有关规定。 （2）公司第六届董事会第二十八次会议于2025年10月16日召开，审议通过 了《关于召开2025年第四次临时股东会的议案》。 4、股东会现场会议召开时间： （1）现场会议：2025年11月3日（星期一）下午15：00开始（参加现场会议 的股东请于会前15分钟到达开会地点，办理登记手续）。 （2）网络投票时间：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11月3日上午9：15—9：25，9：30-11：30，下午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： ...

四川安宁铁钛股份有限公司 证券代码：002978 证券简称：安宁股份 公告编号：2025-073 第六届董事会第二十八次会议决议公告 一、董事会会议召开情况 1、董事会通知时间、方式：2025 年 10 月 13 日以微信、电话、当面送达等 方式通知全体董事。 2、董事会召开时间：2025 年 10 月 16 日。 3、董事会召开地点、方式：公司会议室以现场与通讯相结合的方式召开。 4、董事会出席人员：会议应出席董事 6 名，实际出席董事 6 名（其中：独 立董事李嘉岩、谢晓霞、蔡栋梁以通讯方式出席会议）。 5、董事会主持人：董事长罗阳勇先生。 6、董事会列席人员：部分高级管理人员。 7、四川安宁铁钛股份有限公司（以下简称"公司"）第六届董事会第二十 八次会议的召集和召开符合国家有关法律、法规及《公司章程》的规定，决议合 法有效。 二、董事会会议审议情况 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。 （二）审议通过《关于聘任公司高级管理人员的议案》 表决结果：6 票同意，0 票反对，0 票弃权，表决结果为通过。 经董事会提名委员会任职资格审查通过，董事会同 ...

Core Viewpoint - Anning Co., Ltd. (002978.SZ) is strategically positioned in the vanadium-titanium magnetite resource sector, focusing on the mining, washing, and sales of vanadium-titanium magnetite, with significant growth in revenue driven by increased sales of vanadium-titanium iron concentrate and new product offerings [4][5]. Group 1: Company Overview - Anning Co., Ltd. is located in the Sichuan Panzhihua region, specializing in the comprehensive utilization of vanadium-titanium magnetite resources [4]. - The company primarily produces titanium concentrate and vanadium-titanium iron concentrate, which are essential raw materials for downstream industries such as titanium dioxide, sponge titanium, and special steel [4]. - As of the first half of 2025, the company reported revenue of 1.107 billion, a year-on-year increase of 30.94%, while operating costs rose by 62.72% to 441 million [4]. Group 2: Financial Performance - The gross profit margin for the black metal mining sector was 60.14%, a decrease of 7.75 percentage points year-on-year, with titanium concentrate and vanadium-titanium iron concentrate margins at 70.85% and 51.02%, respectively [4][5]. - Historical performance shows that from 2017 to 2022, the company maintained a gross margin above 60% and a net margin above 30%, accumulating a total net profit of 4.9 billion [11]. Group 3: Market Position and Strategy - The company holds a significant position in the domestic titanium concentrate supply market, with a stable and concentrated customer base including major titanium dioxide producers [5][7]. - Anning Co., Ltd. benefits from its location in a region that accounts for over 80% of the national titanium concentrate output, providing strong bargaining power in a concentrated supply market [7]. - The company’s core asset is the mining rights to the Panjiatian Iron Mine, with a total ore resource of approximately 258 million tons and an annual mining capacity of 6 million tons [8]. Group 4: Growth Initiatives - The company has introduced a new product line through the "ultra-fine particle titanium recovery technology transformation project," generating 72.42 million in sales, accounting for 6.54% of total revenue [12]. - Anning Co., Ltd. is advancing a 6,000-ton energy-grade titanium (alloy) materials project with a total investment of 7.2 billion, aiming to establish a full industry chain from titanium concentrate to high-end titanium materials [12].

Market Overview - The small metal sector experienced a decline of 1.67% on October 15, with Northern Rare Earth leading the drop [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Individual Stock Performance - Shenghe Resources (600392) saw a closing price of 26.26, with an increase of 5.04% and a trading volume of 3.19 million shares, amounting to a transaction value of 8.597 billion [1] - Anning Co. (002978) closed at 33.85, up 2.05%, with a trading volume of 68,400 shares and a transaction value of 231 million [1] - Northern Rare Earth (600111) closed at 54.50, down 4.05%, with a trading volume of 3.03 million shares and a transaction value of 1.6617 billion [2] Capital Flow Analysis - The small metal sector experienced a net outflow of 2.092 billion from main funds, while retail investors saw a net inflow of 2.265 billion [2] - The main funds showed a significant outflow in several stocks, including Baotai Co. (600456) with a net outflow of 27.17 million [3] - Retail investors contributed positively to stocks like Shenghe Resources (600392) with a net inflow of 65.96 million [3]