烟台正海磁性材料股份有限公司 因此，公司独立董事符合《上市公司独立董事管理办法》《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》中对独立董事独 立性的相关要求。 烟台正海磁性材料股份有限公司 董事会 2026 年 3 月 30 日 董事会对独立董事独立性情况的专项意见 根据《上市公司独立董事管理办法》《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》等规定，烟台正海磁性材料股份有限 公司（以下简称"公司"）董事会，就公司现任独立董事金福海、张志红、李伟 金的独立性情况进行评估并出具如下专项意见： 经核查独立董事金福海、张志红、李伟金的任职经历以及签署的相关自查文 件，上述人员未在公司担任除独立董事以外的任何职务，也未在公司主要股东公 司担任任何职务，与公司以及主要股东之间不存在利害关系或其他可能妨碍其进 行独立客观判断的关系。 ...

独立董事述职报告（李伟金） 烟台正海磁性材料股份有限公司 独立董事述职报告（李伟金） 1、出席董事会和股东会会议的情况 本人作为烟台正海磁性材料股份有限公司（以下简称"公司"）的独立董事， 在 2025 年严格按照《公司法》《上市公司独立董事管理办法》《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》等法律、法规和公 司《章程》《独立董事制度》的规定，本着客观、公正、独立的原则，勤勉尽责， 积极发挥独立董事作用，维护公司整体利益和全体股东尤其是中小股东的合法权 益。 现将 2025 年度本人履行独立董事职责的工作情况报告如下： 一、独立董事基本情况 本人李伟金，男，2015 年毕业于中科院福建物质结构研究所，获博士学位， 主要从事无机-有机复合材料及电磁理论调控方向研究。本人发表学术论文 80 余篇，获国家级青年人才、福建省科学技术奖一等奖、德国洪堡奖学金、日本学 术振兴会(JSPS)特别研究员。2016-2021 年期间，历任德国慕尼黑工业大学 Fischer 院士团队"洪堡学者"、subgroupleader。现任南京理工大学材料科学 与工程学院教授、博士生导师。2022 年 3 ...

烟台正海磁性材料股份有限公司 独立董事述职报告（金福海） 本人在任职期间严格按照《公司法》《上市公司独立董事管理办法》《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》等相关法 律法规以及公司《章程》《独立董事制度》的有关规定，2025 年度勤勉、诚信、 独立的履行了相关职责，按时出席各项会议，认真审议各项会议的所有议案，利 用自己的专业知识对公司重大事项发表了独立意见，切实维护了公司和股东尤其 是中小股东的利益，充分发挥了独立董事应有的作用。 现将 2025 年度本人履行独立董事职责情况报告如下： 独立董事述职报告（金福海） 一、独立董事基本情况 本人金福海，男，博士，法学专业教授。山东省优秀研究生指导教师。主要 从事经济法学、环境资源法学、劳动与社会保障法学研究。发表学术论文 40 余 篇，出版学术著作 10 余部，主持和参加国家及省部级项目 8 项，获省级以上奖 励 10 余项。1999-2013 年期间，历任烟台大学法学院副院长、党总支书记、院 长。现任烟台大学法学院教授、硕士生导师，中国法学会经济法学研究会常务理 事，公司独立董事，泰和新材独立董事。 经自查，本人任职符合《 ...

烟台正海磁性材料股份有限公司 2025 年年度报告全文 烟台正海磁性材料股份有限公司 Yantai Zhenghai Magnetic Material Co., Ltd. 2025 年年度报告 股票代码：300224 股票简称：正海磁材 披露日期：2026 年 3 月 31 日 1 烟台正海磁性材料股份有限公司 2025 年年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人王庆凯、主管会计工作负责人高波及会计机构负责人(会计主 管人员)王珊珊声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的 实质承诺，敬请投资者注意投资风险。 公司在本报告第三节"管理层讨论与分析"之"十一、公司未来发展的 展望"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资 者关注相关内容。 公司经本次董事会审议通过的利润分配预案为：以实施 2025 年度利润分 配方案时股权登 ...

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights that high oil prices driven by Middle Eastern conflicts are expected to strengthen the demand for lithium as an energy alternative, indicating a potential upside for lithium prices [2] - Nickel prices are supported by supply uncertainties due to delays in the approval process for nickel mining quotas in Indonesia, which may lead to a tight supply situation [2][17] - Cobalt prices are anticipated to rise due to ongoing supply uncertainties from the Democratic Republic of Congo, with expectations of structural tightness in cobalt supply [3][18] - The report notes a significant increase in carbonated lithium prices, driven by supply disruptions and rising demand expectations, particularly in the context of the electric vehicle market [21] - The tungsten market is expected to see continued price increases due to long-term supply tightness and strategic importance in global supply chains [24] Summary by Sections Nickel and Cobalt Industry - As of March 27, LME nickel spot price was $17,010 per ton, up 1.43% from March 20, with total LME nickel inventory at 281,574 tons, down 0.68% [2] - Cobalt prices are under pressure but are expected to rise due to supply constraints from the DRC, with the current electrolytic cobalt price at 430,500 CNY per ton [3][18] Lithium Industry - Domestic carbonate lithium futures closed at 168,400 CNY per ton, up 17.09% from March 20, indicating strong demand and supply constraints [21] - The report emphasizes the impact of geopolitical tensions on lithium demand, particularly in the context of energy security [21] Tungsten Industry - The report indicates that tungsten prices are expected to continue rising due to supply constraints and strategic importance, with white tungsten concentrate prices at 1,001,000 CNY per ton [24] Antimony Industry - Antimony prices have seen a slight decline, but supply constraints are expected to provide support for future prices, with average antimony ingot prices at 165,500 CNY per ton [7][19] Uranium Industry - The report notes that uranium supply is expected to remain tight, supporting prices, with the global uranium market price at $71.3 per pound [15][25]

Investment Rating - The report maintains an "Overweight" rating for the non-ferrous metals sector [1] Core Views - The non-ferrous metals sector experienced a significant decline of 11.82% from March 16 to March 20, ranking last among all primary industries. The industrial metals segment saw a notable price correction due to the market pricing in the long-term high energy prices and potential interest rate hikes [1][14] - Precious metals prices have also significantly corrected, influenced by the market's anticipation of sustained high energy prices and the possibility of interest rate increases, which could open up upward space for gold in the long term [1][4] Summary by Sections Market Review - The Shanghai Composite Index fell by 3.38%, with the non-ferrous metals sector down 11.82%, underperforming the index by 8.44 percentage points. All sub-sectors within non-ferrous metals declined, with industrial metals down 13.30% and precious metals down 10.73% [14][1] Industrial Metals - **Copper**: LME copper prices fell to $11,835 per ton, down 7.07% week-on-week. Domestic smelting plants face increased export pressure, and the market anticipates a continued inventory build-up [2][32] - **Aluminum**: LME aluminum prices decreased to $3,192 per ton, down 7.18% week-on-week. Despite high domestic inventory levels, overseas supply risks are increasing, which may support future price increases [3][37] - **Zinc**: LME zinc prices fell to $3,056 per ton, down 7.21% week-on-week, with inventories rising significantly [39] - **Tin**: LME tin prices dropped to $42,840 per ton, down 11.27% week-on-week, driven by macroeconomic pressures and slight demand growth [41] Precious Metals - **Gold**: COMEX gold closed at $4,492 per ounce, down 10.57% week-on-week. The market is pricing in long-term inflation risks and potential interest rate hikes, which have pressured gold prices [4][44] - **Silver**: COMEX silver prices fell to $67.85 per ounce, down 15.94% week-on-week, reflecting similar pressures as gold [46]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 烟台正海磁性材料股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日 召开六届董事会第二次会议、2025 年 5 月 13 日召开 2024 年度股东大会，审议 通过了《关于公司向银行申请综合授信敞口额度的议案》，同意公司向银行申请 不超过人民币 100 亿元的综合授信额度（最终以银行实际审批授信额度为准）， 公司及合并报表范围内子公司根据经营过程中资金实际收支情况及经营需要可 以共享上述授信及担保额度。具体内容详见公司 2025 年 4 月 23 日在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于公司向银行申请综合授信敞口额度的公告》 （公告编号：2025-19-07）。 二、担保进展情况 关于为全资子公司提供担保的进展公告 证券代码：300224 证券简称：正海磁材 公告编号：2026-013 烟台正海磁性材料股份有限公司 关于为全资子公司提供担保的进展公告 近日，公司与江苏银行股份有限公司南通分行（以下简称"江苏银行南通分 行"）签订了《最高额保证合同》(合 ...

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights that the rising oil prices and ongoing market panic are suppressing non-ferrous metals, but there is optimism for a comprehensive market for key metals in the future [27] - Nickel prices are expected to find support due to supply uncertainties from Indonesia, particularly with the slow approval process for nickel mining quotas [1] - Cobalt prices are anticipated to continue rising due to tight supply expectations stemming from export approval delays in the Democratic Republic of Congo [2] - The report indicates that antimony prices are expected to remain strong due to supply constraints [6] - Lithium prices are projected to maintain a strong performance supported by demand amid high oil prices [7] - The rare earth sector is facing tightening supply expectations, with stable demand from downstream industries [9] - Tin prices are supported by uncertainties in overseas supply chains [11] - Tungsten prices are expected to rise further due to tightening domestic supply [13] - Uranium prices are supported by ongoing supply tightness and geopolitical factors [15] Summary by Sections Nickel and Cobalt - As of March 20, LME nickel spot price was $16,770 per ton, down 3.29% from March 13, with total LME nickel inventory at 283,512 tons, a decrease of 0.40% [1] - The Indonesian nickel mining association has set the 2026 production quota at 260-270 million tons, significantly reduced from the previous year's quota [16] - Cobalt prices are expected to rise due to ongoing supply tightness, with the Democratic Republic of Congo's export processes still facing delays [2][17] Antimony - Antimony prices have remained stable, with average prices for antimony ingots at 167,500 RMB per ton as of March 19 [6] - Supply constraints are expected to provide a bottom support for antimony prices [19] Lithium - Domestic lithium carbonate futures closed at 143,900 RMB per ton as of March 20, down 5.41% from March 13 [7] - The report notes that the Zimbabwean government has suspended all raw material and lithium concentrate exports, impacting supply [20] - Demand for lithium is expected to be supported by adjustments in export tax policies for battery products [20] Rare Earths - The average price of praseodymium oxide was 785 RMB per kilogram as of March 20, down 9.77% from March 13 [9] - Supply constraints are expected to persist due to regulatory measures and stable demand from the magnetic materials sector [21] Tin - The LME tin spot price was $43,700 per ton as of March 20, down 8.86% from March 13 [11] - Supply uncertainties from Myanmar and the Democratic Republic of Congo are expected to support tin prices [12][22] Tungsten - Domestic tungsten prices are under pressure due to tightening supply, with white tungsten concentrate prices at 1,021,000 RMB per ton as of March 20 [13] - The report anticipates further price increases due to ongoing supply constraints [23] Uranium - Global uranium prices remain high, with the market price at $69.71 per pound as of January [15] - Supply tightness is expected to continue due to geopolitical factors and production delays [24]

烟台正海磁性材料股份有限公司 六届董事会独立董事专门会议 2026 年第一次会议审查意见 根据《上市公司独立董事管理办法》《深圳证券交易所创业板股票上市规则》 和烟台正海磁性材料股份有限公司（以下简称"公司"）《章程》等有关规定，公 司于 2026 年 3 月 20 日召开六届董事会独立董事专门会议 2026 年第一次会议， 审议通过了《关于使用闲置自有资金购买理财产品的议案》。本着实事求是、认 真负责的态度，基于独立判断的立场，独立董事就上述议案发表审查意见如下： 2 2026 年 3 月 20 日 此页无正文，为《烟台正海磁性材料股份有限公司六届董事会独立董事专门会议 公司使用不超过 190,000 万元闲置自有资金购买理财产品，能提高公司资金 使用效率，增加公司资金收益，不会对公司经营活动造成不利影响，符合公司和 全体股东利益，不存在损害公司及全体股东，特别是中小股东利益的情形。我们 同意公司使用闲置自有资金购买理财产品的事项。 金福海 张志红 李伟金 （此页以下无正文） 1 2026年第一次会议审查意见》之签字页 独立董事签字： ...

关于调整公司组织架构的公告 证券代码：300224 证券简称：正海磁材 公告编号：2026-012 2、原"企划与行政中心"承担的组织架构优化、组织运行效能提升、组织 变革统筹等组织管理职能，划转至相关业务部门。 调整后，新组织架构图如下： 1 特此公告。 烟台正海磁性材料股份有限公司 关于调整公司组织架构的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 烟台正海磁性材料股份有限公司（以下简称"公司"）于 2026 年 3 月 20 日 召开六届董事会第九次会议，审议通过了《关于调整公司组织架构的议案》。为 适应公司业务发展需要，提高公司管理水平和组织效率，明确职责分工，结合公 司战略发展规划及实际情况，拟对公司组织架构进行调整如下： 1、"企划与行政中心"变更为"运营管理中心"，增加流程管理优化、业务 流程与制度规则标准化等流程管理职能。 烟台正海磁性材料股份有限公司 董事会 2026 年 3 月 20 日 2 关于调整公司组织架构的公告 ...