华图山鼎设计股份有限公司 关于股份回购进展的公告 证券代码：300492 证券简称：华图山鼎 公告编号：2025-035 二、其他说明 公司后续将根据市场情况在回购期限内继续实施本次回购计划，并根据相关 法律法规和规范性文件的规定及时履行信息披露义务。敬请广大投资者注意投资 1 风险。 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。 华图山鼎设计股份有限公司（以下简称"公司"）于 2025 年 4 月 27 日召开 了第五届董事会第三次会议，审议通过了《关于回购公司股份方案的议案》，同 意拟使用公司自有资金或自筹资金通过集中竞价交易方式回购公司部分股份用 于实施股权激励或员工持股计划。本次回购股份资金总额为不低于人民币 2.25 亿元，不超过人民币 4.50 亿元（均包含本数），最终具体回购资金总额以回购期 限届满时实际回购的资金总额为准；回购价格不高于公司董事会审议通过回购股 份决议前 30 个交易日公司股票交易均价的 150%，上限为 127.91 元/股；回购股 份实施期限自董事会审议通过本次回购股份方案之日起 12 个月内。具体内容详 见公司于 202 ...

Group 1 - The core viewpoint of the article highlights the increasing trend of A-share listed companies utilizing loan tools for share repurchase or stock buyback, driven by policy guidance and market valuation recovery [1][3] - A total of 9 listed companies disclosed their loan arrangements for repurchase or buyback during the week of May 27 to May 31, indicating a significant rise in the activity of these financing tools [1][3] - The companies involved span various industries, including Huatu Shanding, Jinli Permanent Magnet, Yanggu Huatai, Zhongke Chuangda, Zhongtong Bus, Shengjing Micro, Zhongshe Shares, China Gold, and China Chemical, with funds obtained through loans specifically allocated for secondary market share repurchase or major shareholder buyback plans [3] Group 2 - The recent surge in companies utilizing loans for share repurchase and buyback is closely linked to the continuous guidance and support from regulatory authorities, with the China Securities Regulatory Commission (CSRC) explicitly stating its support for such financing methods by the end of 2023 [3] - Analysts suggest that using loan tools instead of relying solely on cash flow provides companies with more abundant and flexible funding sources, especially when market valuations are relatively low, facilitating timely actions to stabilize stock prices and optimize capital structures [3] - The willingness of companies to incur financing costs for repurchase or buyback serves as a strong confidence signal, reflecting that some enterprises believe their stock prices are undervalued and possess investment value, while also indicating a heightened willingness of industrial capital to take proactive measures to maintain market stability [3]

Core Viewpoint - The number of A-share listed companies announcing share repurchase and increase in loans is on the rise, with nine companies disclosing relevant information this week [1]. Group 1: Companies Announcing Repurchase or Increase - Huatu Shanding announced a stock repurchase plan with a loan commitment of up to 300 million yuan from CITIC Bank [1][2]. - Jinli Permanent Magnet received a loan commitment of 180 million yuan from a financial institution for stock repurchase [1][2]. - Yanggu Huatai obtained a special loan commitment of up to 90 million yuan for stock repurchase [1]. - Zhongke Chuangda secured a special loan commitment of up to 70 million yuan for stock repurchase [1]. - Zhongtong Bus received a loan commitment of up to 180 million yuan for stock repurchase [1][3]. - Shengjing Micro acquired a loan commitment of up to 45 million yuan for stock repurchase [1]. - Zhongshe Co. announced a loan commitment of up to 45 million yuan for share increase by a controlling shareholder [1]. - China National Gold plans to increase its shares using self-owned funds and special loans ranging from 168 million to 335 million yuan [1]. - China Chemical Engineering plans to increase its shares with a loan commitment of up to 540 million yuan [1][2]. Group 2: Loan Details and Conditions - The loan for Huatu Shanding is specifically for share repurchase and has a term of up to 36 months [2]. - Jinli Permanent Magnet's loan is also for stock repurchase and has a term of up to 3 years [2]. - Zhongtong Bus's loan is designated for stock repurchase with a term of up to 3 years [3].

Investment Rating - The report maintains an "Overweight" rating for the education industry, highlighting the potential for recovery and growth in the sector driven by policy improvements and demand release [4]. Core Insights - The education industry is experiencing a "three-dimensional resonance" with policy improvements, supply-side clearing, and demand release, which is expected to enhance valuation [4]. - The industry is entering a phase of "survival of the fittest," where companies that have survived the "double reduction" policy are likely to benefit from market recovery [2][3]. Summary by Sections 1. Supply-Side Clearing and Securities Issues - The "double reduction" policy has accelerated the clearing of supply in the education sector, with offline institutions reduced by 92.14% and online institutions by 87.07% by February 2022 [10]. - The revised Private Education Promotion Law has hindered the securitization of education companies, limiting their ability to raise capital through traditional means [12][15]. - There is a growing trend towards vocational education supported by government policies, indicating a shift in focus within the industry [17]. 2. Opportunities in Secondary and Quality Education - The relaxation of the two-child policy has led to a demographic increase, forecasting a "golden decade" for secondary education with a significant rise in enrollment numbers [27]. - Quality education is rapidly developing post-"double reduction," with a projected market size exceeding 1 trillion yuan by 2027 [2]. - The competitive landscape is shifting towards a focus on established players and those with strong educational pathways, as smaller institutions struggle to survive [2][3]. 3. Policy Improvements and Demand Release - Since 2024, there have been marginal improvements in education policies, allowing for more flexibility in high school subject training and the establishment of profit-oriented institutions [3]. - The demand for education remains rigid, with various programs driving rapid demand release, particularly in elite talent cultivation [3]. - Publicly listed education companies are expected to be the primary beneficiaries of the market recovery, with significant improvements in financial metrics [3]. 4. Future Prospects and AI Integration - The report emphasizes the potential for valuation enhancement through AI applications in education, as the sector aligns with technological advancements [4]. - Key companies are recommended for investment based on their strategic positioning and ability to leverage AI in education [4]. - The overall valuation of the education sector is considered to be at a low level, presenting a timely investment opportunity [4].

Group 1 - The company has received a loan commitment letter from CITIC Bank Chengdu Branch, promising to provide up to 300 million yuan for stock repurchase purposes [1] - The loan has a term of up to 36 months and is specifically designated for the repurchase of the company's shares [1] - The commitment letter does not guarantee the amount of shares to be repurchased, as the actual repurchase amount will be determined based on market conditions [1]

证券代码：300492 证券简称：华图山鼎 公告编号：2025-034 华图山鼎设计股份有限公司 关于取得金融机构贷款承诺函的公告 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、误导性陈述或重大遗漏。 一、回购股份方案的基本情况 2、本次取得《贷款承诺函》，不代表公司对回购金额的承诺，具体回购股票 金额以回购实施完成时实际回购的金额为准。 3、公司将严格按照《上市公司股份回购规则》《深圳证券交易所上市公司自 1 华图山鼎设计股份有限公司（以下简称"公司"）于 2025 年 4 月 27 日召开 了第五届董事会第三次会议，审议通过了《关于回购公司股份方案的议案》，同 意拟使用公司自有资金或自筹资金通过集中竞价交易方式回购公司部分股份用 于实施股权激励或员工持股计划。本次回购股份资金总额为不低于人民币 2.25 亿元，不超过人民币 4.50 亿元（均包含本数），最终具体回购资金总额以回购期 限届满时实际回购的资金总额为准；回购价格不高于公司董事会审议通过回购股 份决议前 30 个交易日公司股票交易均价的 150%，上限为 127.91 元/股；回购股 份实施期限自董事会审议通过本次回购 ...

证券代码：300492 证券简称：华图山鼎 华图山鼎设计股份有限公司 2025 年员工持股计划 本方案主要条款与公司 2025 年 4 月 29 日公告的员工持股计划草案及其摘要内容一致 华图山鼎设计股份有限公司 二○二五年五月 声明 本公司及董事会全体成员保证本持股计划内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 1 风险提示 1、华图山鼎设计股份有限公司（以下简称"华图山鼎"、"公司"或"本公司"） 2025年员工持股计划（以下简称"员工持股计划"、"本员工持股计划"）已获得股东 大会批准，具体资金来源、出资比例、实施方案等属初步结果，能否完成实施，存在不 确定性。 2、若员工认购资金不足，本持股计划存在低于预计规模的风险。 3、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策，注意投资 风险。 2 特别提示 1、华图山鼎设计股份有限公司（以下简称"华图山鼎"或"公司"）2025年员工持股计 划（以下简称"本持股计划"）系公司依据《中华人民共和国公司法》《中华人民共和国 证券法》《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所上市公 司自律监管指引第2号——创业板上 ...

证券代码：300492 证券简称：华图山鼎 公告编号：2025-033 华图山鼎设计股份有限公司 关于 2025 年限制性股票激励计划内幕信息知情人 买卖公司股票情况的自查报告 3、公司向中国证券登记结算有限责任公司深圳分公司就核查对象在自查期 间买卖公司股票情况进行了查询确认，并由中国证券登记结算有限责任公司深圳 分公司出具了《信息披露义务人持股及股份变更查询证明》和《股东股份变更明 细清单》。 二、核查对象在自查期间买卖公司股票的情况 根据中国证券登记结算有限责任公司深圳分公司出具的《信息披露义务人持 股及股份变更查询证明》及《股东股份变更明细清单》，在激励计划自查期间， 核查对象买卖公司股票的情况如下： 经核查，在自查期间，共有 1 名核查对象交易过本公司股票，其在买卖公司 股票前未知悉本激励计划的相关信息，亦未有任何人员向其泄露公司本次激励计 划的具体信息或基于相关信息建议其买卖公司股票，其在自查期间进行的股票交 易系基于个人对二级市场交易情况的独立判断而进行的操作，不存在利用激励计 划相关内幕信息进行公司股票交易的情形。 三、结论 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 ...

北京市竞天公诚律师事务所 关于华图山鼎设计股份有限公司 2024 年年度股东大会的 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 关于华图山鼎设计股份有限公司 2024 年年度股东大会的法律意见书 致：华图山鼎设计股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）受华图山鼎设计股份有 限公司（以下简称"公司"）的委托，根据和参照《中华人民共和国公司法》 （以下称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）和 中国证券监督管理委员会发布的《上市公司股东会规则》（以下称"《规 则》"）等有关规定，就公司召开的 2024 年年度股东大会（以下称"本次股东 大会"）的有关事宜，出具本法律意见书。 为了出具本法律意见书，本所审查了公司提供的有关本次股东大会的如下 文件的原件或复印件： 二○二五年五月三十日 法律意见书 中国 北京 1、现场出席本次股东大会的有关股东、股东授权代表、董事、监事及其他 有关人员的身份证明及/或授权委托书； 2、公司董事会向本次股东 ...

证券代码：300492 证券简称：华图山鼎 公告编号：2025-032 华图山鼎设计股份有限公司 2024 年年度股东大会决议公告 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 性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更前次股东大会决议。 一、会议召开和出席情况 （一）股东大会届次：2024 年年度股东大会 公司董事会以公告方式向全体股东发出召开 2024 年年度股东大会的通知，详见 2025 年 4 月 29 日公司在巨潮资讯网（www.cninfo.com.cn）刊登的《关于召开 2024 年年度股东大会 通知的公告》（公告编号：2025-026）。 （二）会议召集人：公司董事会 （三）会议主持人：董事长吴正杲先生 （四）会议召开时间： 1、现场会议时间：2025 年 5 月 30 日（星期五）14:00 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 5 月 30 日交易时间，即 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 ...