中原证券股份有限公司 关于 立中四通轻合金集团股份有限公司 转让控股子公司股权后继续为其担保 暨形成关联担保的核查意见 保荐机构 一、交易及关联担保概述 （一）本次交易的背景 昆仑新材成立于 2004 年，是锂电池电解液行业的技术领跑者，昆仑新材凭 借在电池材料领域 20 余年的技术积淀，积极前瞻性地拓展布局了固体电解质和 钠离子电池电解液等产品。目前，昆仑新材在硫化物电解质、氧化物电解质和钠 离子电池电解液的开发和供应方面，已形成全方位的高品质服务能力。 根据公司控股子公司山东立中新能源材料有限公司（以下简称"山立新"、 "标的公司"）的战略发展规划，本次拟引入战略投资者香河昆仑新能源材料股 份有限公司（以下简称"昆仑新材"），旨在通过资本注入、技术协同、市场导 入等方式，进一步推动山立新液态电池电解质关键材料的技术升级、市场拓展和 成本优化，同时加速山立新固态电池、钠离子电池领域的业务布局，推动山立新 硫化锂产品从实验室成果到商业化应用的快速转化，提升山立新盈利能力，助力 股东各方在新能源产业上实现协同发展与价值共赢。 （二）本次交易和关联担保的基本情况 立中集团拟以 22,769,918.08 元的交易 ...

Core Viewpoint - Lichong Group is strategically reducing its stake in its subsidiary, Shandong Lichong New Energy Materials Co., Ltd. (Shanli New), to below 50% through a share transfer and capital increase, allowing for financial optimization while maintaining a significant shareholder position [1][2]. Group 1: Transaction Details - Lichong Group transferred 36.72% of its stake in Shanli New to Kunlun New Materials for 22.7699 million yuan and acquired 16.5% of the shares from a former shareholder at zero cost, taking on the obligation to fulfill the capital contribution [1]. - Following the transaction, Shanli New's registered capital increased from 200 million yuan to approximately 402 million yuan, with Kunlun New Materials acquiring 51% of the shares, making it the controlling shareholder [2]. - Lichong Group's stake decreased from 72% to 45.1546%, becoming the second-largest shareholder, with governance adjustments in the board structure [2]. Group 2: Strategic Implications - The introduction of Kunlun New Materials, a leader in lithium battery electrolyte technology, aims to enhance Shanli New's technological capabilities, market expansion, and cost optimization, particularly in solid-state and sodium-ion battery sectors [2]. - The partnership is expected to accelerate the commercialization of lithium sulfide products and improve profitability for Shanli New, facilitating collaborative development in the new energy sector [2][3]. - Lichong Group retains significant influence with nearly 45% ownership and the right to appoint the financial officer, allowing it to benefit from Shanli New's future growth while mitigating risks associated with non-core investments [3].

Core Viewpoint - Lichung Group (300428) announced that as of the date of the announcement, the company and its subsidiaries have no overdue external guarantees, nor are there any external guarantees involved in litigation or losses due to guarantee judgments [1] Summary by Categories - **Company Guarantees** - The company confirmed that there are no overdue external guarantees [1] - There are no external guarantees involved in any litigation [1] - The company has not incurred any losses due to guarantee judgments [1]

Group 1 - The core viewpoint of the news is that Lichong Group is transferring a 36.72% stake in its subsidiary, Shanlixin, to Kunlun New Materials for a transaction price of 22,769,918.08 yuan, while also acquiring an additional 16.5% stake at zero cost, aiming to enhance the technological and market capabilities of Shanlixin in the lithium battery electrolyte sector [1][2][3] - Kunlun New Materials, established in 2004, is a leader in the lithium battery electrolyte industry, with over 20 years of technological accumulation in battery materials, and is expanding into solid electrolytes and sodium-ion battery electrolytes [1] - The strategic investment aims to facilitate the technological upgrade, market expansion, and cost optimization of Shanlixin's liquid battery electrolyte materials, while accelerating the commercialization of lithium sulfide products [1][2] Group 2 - Following the equity transfer and capital increase, Lichong Group's shareholding in Shanlixin will decrease to 45.1546%, and it will no longer be the controlling shareholder, resulting in Shanlixin being excluded from Lichong Group's consolidated financial statements [2] - Lichong Group has provided guarantees totaling 69 million yuan for Shanlixin, with a bank loan balance of 18,805.79 million yuan due by October 31, 2025, and has made arrangements to ensure that the risks associated with these guarantees and loans remain controllable [2] - The new bank credit guarantee for Shanlixin will not exceed 45 million yuan, effective for three years from the date of approval by the third extraordinary general meeting of shareholders in 2025 [3]

Core Viewpoint - The company plans to transfer a 36.72% stake in its subsidiary, Shanli New, to Kunlun New Materials for 22.7699 million yuan, while also acquiring an additional 16.5% stake at zero cost, and will invest 78.0941 million yuan for cash injection into Shanli New [1] Group 1: Transaction Details - The transaction will reduce the company's holding in Shanli New to 45.1546%, resulting in the company no longer being the controlling shareholder [1] - Shanli New will be excluded from the company's consolidated financial statements following the completion of the transaction [1] Group 2: Strategic Objectives - The introduction of strategic investor Kunlun New Materials aims to enhance Shanli New's technological upgrades, market expansion, and cost optimization through capital injection, technical collaboration, and market introduction [1] - The company intends to accelerate the business layout of Shanli New in solid-state batteries and sodium-ion batteries, and facilitate the rapid commercialization of lithium sulfide products from laboratory results [1] - The overall goal is to improve Shanli New's profitability [1]

Group 1 - The company, Lichong Group, announced the convening of its fifth board meeting on November 6, 2025, to discuss matters including the transfer of equity and capital increase of its controlling subsidiary [1] - For the first half of 2025, Lichong Group reported that its revenue composition was 100% from industrial activities [1] - As of the report date, Lichong Group's market capitalization stood at 16.1 billion yuan [1]

Core Viewpoint - Lichong Group is transferring a 36.72% stake in its subsidiary, Shanlixin, to Kunlun New Materials for approximately 22.77 million yuan, while also acquiring an additional 16.5% stake at no cost, aiming to enhance technological collaboration and market expansion in the lithium battery electrolyte sector [1][2]. Group 1 - Kunlun New Materials, established in 2004, is a leader in the lithium battery electrolyte industry, with over 20 years of technological expertise in battery materials [1]. - The strategic investment from Kunlun New Materials is intended to facilitate the technological upgrade, market expansion, and cost optimization of Shanlixin's liquid battery electrolyte materials [1]. - The collaboration aims to accelerate the commercialization of Shanlixin's lithium sulfide products and enhance its profitability, promoting synergistic development in the new energy sector [1]. Group 2 - Following the equity transfer and capital increase, Lichong Group's stake in Shanlixin will decrease to 45.15%, resulting in Shanlixin no longer being a consolidated subsidiary [2]. - Lichong Group has provided guarantees totaling 69 million yuan for Shanlixin's bank loans, which amount to approximately 18.81 million yuan, ensuring that the associated risks are manageable [2]. - The company will provide proportional guarantees based on its remaining stake in Shanlixin and support new bank credit with a guarantee limit of up to 45 million yuan, effective for three years from the approval date of the third extraordinary shareholders' meeting in 2025 [3].

特别提示： 1、 立中四通轻合金集团股份有限公司（以下简称"立中集团"或"公司"）拟 以 22,769,918.08 元的交易对价，向香河昆仑新能源材料股份有限公司（以下简称"昆 仑新材"）转让公司控股子公司山东立中新能源材料有限公司（以下简称"山立新" 或"标的公司"）36.72%股权，并以零对价受让山立新股东龚之雯未实缴出资的 16.5% 股权，同时再出资 7,809.41 万元用于对山立新的现金增资。 2、 前述交易完成后，立中集团对山立新的持股比例将降至 45.1546%，立中集团 不再是山立新的控股股东，山立新将不再纳入立中集团合并报表范围。由于公司已为 山立新提供担保 69,000 万元，山立新截至 2025 年 10 月 31 日的银行借款余额 18,805.79 万元尚未到期，公司对山立新提供的担保将被动形成关联担保；截至 2025 年 10 月 31 日，公司为山立新提供借款的本息合计金额为 17,921.40 万元（具体金额 以截至归还日期日准确金额为准）。公司已对存续的担保事项和借款事项的后续处理 方案在相关协议文件中做出了明确安排，确保关联担保和关联借款事项风险可控。 3、 山立新本次 ...

| 证券代码：300428 | 证券简称：立中集团 | 公告编号：2025-087 号 | | --- | --- | --- | | 债券代码：123212 | 债券简称：立中转债 | | 立中四通轻合金集团股份有限公司 关于召开 2025 年第三次临时股东会的通知 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何 虚假记载、误导性陈述或者重大遗漏。 根据《公司法》和《公司章程》的有关规定，经立中四通轻合金集团股份 有限公司（以下简称"公司"或"本公司"）第五届董事会第三十三次会议审议通 过，决定于 2025 年 11 月 24 日（星期一）召开 2025 年第三次临时股东会。现 将会议有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、会议召集人：公司董事会 3、会议召开的合法性及合规性：经公司第五届董事会第三十三次会议审议 通过，决定召开 2025 年第三次临时股东会，召集程序符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 24 日（星期一）上午 10:00； （2） ...

本次交易符合公司控股子公司的战略发展需要，本次关联担保是因公司转让 山立新股权及增资被动导致，本次交易完成后公司仍持有山立新 45.1546%的股 权。为保持山立新的正常运营，公司继续为其提供担保暨形成关联担保，担保金 | 股票代码：300428 股票简称：立中集团 | 公告编号：2025-085 号 | | --- | --- | | 债券代码：123212 债券简称：立中转债 | | 立中四通轻合金集团股份有限公司 第五届董事会第三十三次会议决议公告 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。 立中四通轻合金集团股份有限公司（以下简称"公司"）第五届董事会第三十 三次会议于 2025 年 11 月 3 日以通讯或邮件方式向全体董事传达召开第五届董事 会第三十三次会议的通知。本次会议于 2025 年 11 月 6 日以现场和通讯方式召开。 本次会议应出席董事 7 名，实际出席董事 7 名，其中独立董事 3 人。本次会议由 董事长臧永兴先生主持，公司高级管理人员列席会议。本次会议的召集、召开符 合《中华人民共和国公司法》（以下简称"《公司法》"）和《立中四 ...