Core Viewpoint - Yanggu Huatai is focusing on expanding its rubber additive business by developing lignin-based rubber additives to replace traditional chemical materials in tires while also actively exploring fine chemical products [2] Group 1: Business Strategy - The company has terminated the issuance of shares and cash payment to acquire part of the equity in Bomi Technology and related fundraising activities [2] - Yanggu Huatai remains optimistic about the development prospects of Bomi Technology and plans to negotiate with relevant parties to acquire part of its equity through cash [2] Group 2: Market Development - The company is committed to extending its development strategy into the field of new chemical materials [2]

| 证券代码：300121 | 证券简称：阳谷华泰 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | | 山东阳谷华泰化工股份有限公司 关于收到深圳证券交易所《关于终止对山东阳谷华泰化工股 份有限公司发行股份及支付现金购买资产并募集配套资金 申请审核的决定》的公告 2026 年 1 月 13 日，公司收到深圳证券交易所《关于终止对山东阳谷华泰化工股 份有限公司发行股份及支付现金购买资产并募集配套资金申请审核的决定》（深证 上审〔2026〕10 号），根据《深圳证券交易所上市公司重大资产重组审核规则》第 五十二条的有关规定，深圳证券交易所决定终止对公司发行股份及支付现金购买资 产并募集配套资金申请的审核。 1 特此公告。 山东阳谷华泰化工股份有限公司 董事会 二〇二六年一月十四日 2 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。 山东阳谷华泰化工股份有限公司（以下简称"公司"）于 2025 年 12 月 31 日召 开第六届董事会第十八次会议，审议通过了《关于终止发行股份及支付现 ...

Group 1 - The core point of the article is that Yanggu Huatai has terminated the plan to acquire a stake in Bomi Technology through the issuance of shares and cash payment, and will instead negotiate to acquire the stake in cash [2] - The company remains optimistic about the development prospects of Bomi Technology and is committed to extending its strategy into the field of new chemical materials [2] - The company has indicated that the semi-annual audit report submitted is about to expire, raising questions about whether it will apply for an extension or submit an updated financial report [2]

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The chemical industry is expected to experience an upward cycle due to the implementation of "anti-involution" policies in China and the accelerated exit of some European facilities [29] - The report highlights the potential for domestic substitution of semiconductor materials from Japan due to rising geopolitical tensions, which could benefit various companies in the sector [5] - The chromium salt industry is undergoing a value reassessment driven by increased demand from AI data centers and commercial aircraft engines, with a projected supply-demand gap of 340,900 tons by 2028 [8] Summary by Sections Industry Performance - The chemical industry has shown strong relative performance with a 1-month increase of 10.7%, 3-month increase of 9.6%, and a 12-month increase of 45.1%, outperforming the CSI 300 index [3] Price Trends - Key products such as lithium carbonate and polysilicon have seen significant price increases, supported by policy guidance and industry self-discipline [12] - The price of chromium salts has remained stable, with metal chromium priced at 82,000 CNY/ton as of January 9, 2026 [15] Investment Opportunities - Focus on companies with low-cost expansion capabilities, such as Wanhu Chemical and Hualu Hengsheng, as well as those in sectors with improving market conditions like chromium salts and phosphates [6][9] - High dividend yield opportunities are identified in state-owned enterprises like China Petroleum and China National Chemical [10] Key Company Tracking - Companies such as Dongfang Shenghong and Huabei Yihua are highlighted for their earnings potential, with projected EPS growth for 2026 [30] - The report tracks specific price movements for various chemicals, including a notable increase in the price of ammonium phosphate and a stable price for urea [17][19]

Group 1: Investment Activity Overview - The company has terminated the issuance of shares and cash purchase of assets due to changes in the market environment, prioritizing the interests of the company and investors [2] - The decision was made after careful consideration by the board and discussions with the counterparties [2] - The company remains committed to its development strategy in the new materials sector and is optimistic about the target company's future [2] Group 2: Cash Acquisition Plans - The company plans to negotiate the acquisition of part of the target company’s equity through cash, with discussions ongoing [3] - The acquisition price will be based on a new valuation report, as the previous valuation of 1.4 billion has expired [4] - The acquisition will be conducted using self-owned or raised funds, and the company is looking to acquire shares in stages [4] Group 3: Market Position and Product Development - Bomi Technology, the target company, specializes in high-performance polyimide materials, which are crucial for semiconductor manufacturing and advanced packaging [3] - The company’s products include non-photosensitive and photosensitive polyimide materials, which are currently experiencing stable sales [3] - The importance of photosensitive polyimide (PSPI) materials is increasing in advanced packaging and power semiconductor applications [3] Group 4: Regulatory and Procedural Aspects - The cash acquisition plan must comply with the regulations set by the China Securities Regulatory Commission and the stock exchange, requiring board or shareholder meeting approvals based on the transaction amount [4] - The company has been in discussions for over a year regarding the cash acquisition process [4] Group 5: Disclosure and Transparency - The investor relations activity did not involve any undisclosed significant information [5]

证券日报网讯 1月8日，阳谷华泰（300121）在互动平台回答投资者提问时表示，截至2025年12月31 日，公司股东人数29080户。 ...

Core Viewpoint - The company announced the issuance of 650 million yuan in convertible bonds, with a conversion price adjustment due to various corporate actions [1] Group 1: Convertible Bonds Issuance - The company issued 650 million yuan of "Yanggu Convertible Bonds" in August 2023, with a conversion period until July 26, 2029 [1] - The initial conversion price of 9.91 yuan per share has been adjusted to 9.28 yuan per share due to multiple profit distributions, restricted stock vesting, and share buyback cancellations [1] Group 2: Redemption Terms - The conditional redemption clause was triggered from December 15, 2025, to January 6, 2026 [1] - The company decided not to exercise the early redemption option on January 6, 2026, and will not do so in the next six months if the clause is triggered again [1] Group 3: Shareholding and Trading - The actual controller and related parties have not engaged in any trading activities in the past six months and have no plans for share reduction in the upcoming six months [1] - The sponsoring institution has no objections to the company's decisions regarding the convertible bonds [1]

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： | 证券代码：300121 | 证券简称：阳谷华泰 | 公告编号：2026-006 | | --- | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | | 山东阳谷华泰化工股份有限公司 关于不提前赎回"阳谷转债"的公告 1、山东阳谷华泰化工股份有限公司（以下简称"公司"）股票价格自 2025 年 12 月 15 日至 2026 年 1 月 6 日股票价格已满足任意连续三十个交易日中至少十五个 交易日的收盘价格不低于"阳谷转债"当期转股价格的 130%。根据《山东阳谷华泰 化工股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募 集说明书》"）中有条件赎回条款的相关规定，已触发"阳谷转债"有条件赎回条 款。 2、公司于 2026 年 1 月 6 日召开第六届董事会第十九次会议，审议通过《关于 不提前赎回"阳谷转债"的议案》，公司董事会决定本次不行使"阳谷转债"的提 前赎回权利，不提前赎回"阳谷转债"，且在未来六个月内（即 2026 年 1 月 7 日至 ...

中泰证券股份有限公司 关于山东阳谷华泰化工股份有限公司 2025 年度持续督导培训情况报告 中泰证券股份有限公司（以下简称"中泰证券"）作为山东阳谷华泰化工股 份有限公司（以下简称"阳谷华泰"或"公司"）持续督导的保荐机构，根据《证 券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等相关文件的要求，对阳谷华泰进行了 2025 年度持续督导培 训，现将培训情况报告如下： 一、培训基本情况 1、培训时间：2025 年 12 月 23 日 2、培训地点：阳谷华泰会议室 3、培训方式：现场培训、腾讯会议线上培训 三、本次培训的效果 本次培训得到了阳谷华泰的积极配合，全体参与培训的人员进行了认真学习。 通过本次培训，参与培训人员对前述制度规则有了更加深刻的理解与掌握，其对 于合规使用与管理募集资金、规范公司运作以及提升公司治理水平等方面的意识 有了进一步的提高，本次培训取得了良好的效果。 （以下无正文） （本页无正文，为《中泰证券股份有限公司关于山东阳谷华泰化工股份有限公司 2025 年度持续督导培训情况报告》之签章页） 保荐代表人： 陈 凤 华 李 志 斌 4、参与培训人员： ...

中泰证券股份有限公司（以下简称"保荐机构"或"本保荐人"）作为山东 阳谷华泰化工股份有限公司（以下简称"阳谷华泰"或"公司"）持续督导的保 荐机构，根据《证券发行上市保荐业务管理办法》《可转换公司债券管理办法》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》和《深圳证券交易所上市公司自律监管 指引第 15 号——可转换公司债券》等法律法规及规范性文件的要求，对阳谷华 泰本次不提前赎回"阳谷转债"事项进行了审慎核查，具体核查情况如下： 关于山东阳谷华泰化工股份有限公司 不提前赎回"阳谷转债"的核查意见 中泰证券股份有限公司 一、 "阳谷转债"发行上市基本情况 根据中国证券监督管理委员会《关于同意山东阳谷华泰化工股份有限公司向 不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1091 号），公 司向不特定对象发行可转换公司债券募集资金总额人民币 650,000,000.00 元。扣 除发行费用人民币 5,847,650.42 元（不含税），实际募集资金净额为人民币 644,152,349.58 元。信永中和会计师事务所（特殊普通合伙） ...