| 证券代码：300891 | 公司简称：惠云钛业 | 公告编号：2025-103 | | --- | --- | --- | | 债券代码：123168 | 债券简称：惠云转债 | | 广东惠云钛业股份有限公司 关于2026年度日常关联交易预计的公告 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、日常关联交易基本情况 （一）日常关联交易概述 根据广东惠云钛业股份有限公司（以下简称"公司"）及子公司业务发展及生 产经营的需要，预计2026年度与关联方广西德天化工循环股份有限公司（以下简 称"德天化工"）、惠云钛业（亚太）私人有限公司（以下简称"惠云钛业（亚太）"）、 广东天安新材料股份有限公司（以下简称"天安新材"）及其子公司广东天安高分 子科技有限公司（以下简称"天安高分子"）和安徽天安新材料有限公司（以下简 称"安徽天安"）发生日常关联交易金额合计不超过41,740万元。具体交易合同由 交易双方根据实际发生情况在预计金额范围内签署。 2025年9月17日公司的第五届董事会第十四次会议审议通过《关于2025年下 半年日常关联交易预计的议案》，2025 ...

| 证券代码：300891 | 证券简称：惠云钛业 | 公告编号：2025-104 | | --- | --- | --- | | 债券代码：123168 | 债券简称：惠云转债 | | 广东惠云钛业股份有限公司 关于 2026 年第一次临时股东会增加临时提案暨股东会补充通知 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。 广东惠云钛业股份有限公司（以下简称"公司"）于 2025 年 12 月 23 日 在巨潮资讯网（www.cninfo.com.cn）披露了《关于召开 2026 年第一次临时股 东会的通知》（公告编号：2025-101），公司定于 2026 年 1 月 13 日下午 14:30 以现场表决与网络投票相结合的方式召开公司 2026 年第一次临时股东会 （以下简称"本次股东会"）。2025 年 12 月 29 日，公司董事会收到公司股东 钟镇光先生书面提交的《关于提请增加广东惠云钛业股份有限公司 2026 年第 一次临时股东会临时提案的函》，为提高会议效率，减少召开会议的成本，钟 镇光先生提议将公司第五届董事会第十七次会议审议通过的《关于 202 ...

广东惠云钛业股份有限公司（以下简称"公司"）第五届董事会第十七次会议 于 2025 年 12 月 29 日以现场结合通讯方式召开，现场会议于云浮市云安区六都 镇公司二楼会议室召开，会议通知于 2025 年 12 月 26 日以电子邮件、专人送出 等方式送达。公司应出席会议董事 9 人，实际出席会议的董事共 9 名（其中董事 赖庆妤女士、董事黄慧华女士、独立董事郝艳女士、独立董事陈核章先生、独立 董事葛磊先生以通讯表决方式参会；董事长钟镇光先生因公出差未能亲自出席会 议，授权委托副董事长钟熹女士代为表决），公司高级管理人员列席了会议，会 议由副董事长钟熹女士主持。本次会议的召集、召开程序符合有关法律法规以及 《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于 2026 年度日常关联交易预计的议案》 | 证券代码：300891 | 公司简称：惠云钛业 | 公告编号：2025-102 | | --- | --- | --- | | 债券代码：123168 | 债券简称：惠云转债 | | 广东惠云钛业股份有限公司 经审核，董事会认为，公司2026年度日常关联交易预计的事项，是基于公司 发展和日常生产经 ...

广东惠云钛业股份有限公司 董事及高级管理人员薪酬管理制度 （2025年12月） 第一章 总则 第一条 为进一步完善公司董事与高级管理人员的薪酬、津贴管理，建立科 学有效的激励与约束机制，有效调动公司董事及高级管理人员的工作积极性，提 高公司的经营管理效益，根据《中华人民共和国公司法》等有关法律、法规、规 范性文件和《广东惠云钛业股份有限公司章程》（以下称"《公司章程》"），制 定本薪酬管理制度。 第二条 适用本制度的人员包括：公司董事、总经理、副总经理、董事会秘 书、财务负责人以及《公司章程》规定的其他高级管理人员。 第三条 公司薪酬管理制度遵循以下原则： （一） 公平原则，体现收入水平符合公司规模与业绩的原则，同时与市场 发展相适应，与公司经营业绩、个人业绩相匹配，与公司可持续发展相协调； （二） 责、权、利统一原则，体现薪酬与岗位价值、履行责任义务相符； （三） 长远发展原则，体现薪酬与公司持续健康发展的目标相符； （四） 激励约束并重原则； （五） 结合行业水平及实际情况、发展策略、岗位价值等因素合理确定董 事、高级管理人员和普通职工的薪酬分配比例。 准，向股东会说明，并予以充分披露。 第六条 公司相关 ...

广东惠云钛业股份有限公司 内部审计工作管理制度 （2025 年 12 月） 第一章 总则 第一条 为规范广东惠云钛业股份有限公司（以下简称"公司"）内部审计工 作，提高内部审计工作质量，建立内部审计部门的激励与约束机制，树立风险防 范意识，提高公司风险管理水平，保护投资者合法权益，依据《中华人民共和国 公司法》《中华人民共和国证券法》等有关法律、行政法规、部门规章和《深圳 证券交易所股票上市规则》（以下简称"《上市规则》"）《深圳证券交易所自 律监管指引第 2 号——创业板上市公司规范运作》（以下简称"《规范运作》"） 和《广东惠云钛业股份有限公司章程》（以下简称"《公司章程》"）等有关规 定，结合公司实际情况，制定本制度。 第二条 本制度所称内部审计，是指由公司内部的审计部门或人员，对其内 部控制和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效率和 效果等开展的一种评价活动，包括监督被审计对象的内部控制制度运行情况，检 查被审计对象会计账目及其相关资产，监督被审计对象预决算执行和财务收支， 评价重大经济活动的效益等行为。 第三条 本制度所称内部控制，是指公司董事会、高级管理人员及其他有关 人员为 ...

Market Overview - The Shanghai Composite Index closed at 3952.09 points, slightly below the previous day with a change of -0.19% [1] - The total trading volume of A-shares reached 17367.28 billion yuan [1] Stocks Breaking the Annual Line - A total of 27 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Baiana Qiancheng (300291) with a deviation rate of 13.64% and a daily increase of 20.08% [1] - Pioneer Precision (688605) with a deviation rate of 6.29% and a daily increase of 6.72% [1] - Jikai Co., Ltd. (002691) with a deviation rate of 5.66% and a daily increase of 9.95% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the annual line include: - Zheshang Bank (601916) with a deviation rate of 0.03% and a daily increase of 0.33% [2] - Electric Investment and Financing (000958) with a deviation rate of 0.03% and a daily increase of 0.31% [2] - West Securities (603776) with a deviation rate of 0.07% and a daily increase of 0.12% [2]

Group 1 - The titanium dioxide sector is leading the market with an increase of 1.93% [1] - Jinpu Titanium Industry saw a significant rise of 8.39% [1] - Anada and Guocheng Mining also experienced notable gains, rising by 5.19% and 4.98% respectively [1] - Tianyuan Co. and Huiyun Titanium Industry both increased by over 2% [1]

Core Insights - Huiyun Titanium Industry has recently gained significant recognition in both domestic and international industry exhibitions, showcasing its commitment to green and low-carbon development while demonstrating its strength as a key player in China's titanium dioxide industry [1][2][3] Group 1: Industry Recognition - The company received the "Excellent Partner in Clean Production (Manufacturing)" award from the Guangdong Provincial Department of Industry and Information Technology and the Hong Kong Special Administrative Region Government's Environment and Ecology Bureau, highlighting its achievements in clean production and energy conservation [1] - At the 34th Turkish International Plastics Industry Exhibition, Huiyun Titanium showcased its high-performance products, attracting attention from over 40 countries and regions [2] - During the China International Coatings Exhibition, the company presented several specialized titanium dioxide products, emphasizing their adaptability to various coating applications and commitment to resource efficiency and low emissions [3] Group 2: Awards and Partnerships - Huiyun Titanium was recognized as an "Outstanding Supplier" at the 10th International Annual Meeting of Huayou in Wuzhen, reflecting its dedication to innovation and customer-centric service [3] Group 3: Market Expansion - The Indian government's decision to lift anti-dumping duties on titanium dioxide imports from China is expected to enhance the price competitiveness of Chinese titanium dioxide products, benefiting Huiyun Titanium and other domestic companies [4] - India is a significant market for Chinese titanium dioxide, accounting for approximately 16% of China's total exports in 2024, with expectations of continued demand [4]

Core Viewpoint - The titanium dioxide market is experiencing a collective price increase as companies like Longbai, Tianyuan, and Huiyun Titanium Industry announce price hikes due to high production costs and ongoing market challenges [1][14]. Price Increases - On December 19, Tianyuan Group initiated a price increase of 700 CNY/ton for domestic chlorinated titanium dioxide and 100 USD/ton for international markets, effective immediately [1][15]. - On the same day, Guangdong Huiyun Titanium Industry followed suit, raising prices by 500 CNY/ton domestically and 70 USD/ton for exports [1][15]. - On December 22, Longbai Group and Shandong Jinhai Titanium Industry also raised prices by 500 CNY/ton domestically and 70 USD/ton internationally [3][18]. - Other companies, including Inner Mongolia Guocheng Titanium Industry and Guangxi Bluestar Dahua Chemical, implemented similar price increases of 500 CNY/ton domestically and 70 USD/ton internationally [7][21]. Cost Pressures - The titanium dioxide industry has faced significant cost pressures due to soaring prices of key raw materials, particularly sulfur and sulfuric acid [9][14]. - Solid sulfur prices in East China have surged to over 4000 CNY/ton, marking a 160% increase compared to the same period in 2024 and a 446% increase from the 2023 low of 735 CNY/ton [10][24]. - The price of 98% sulfuric acid has also exceeded 980 CNY/ton, driven by high sulfur prices and other compounding factors [12][26]. Market Conditions - Despite the recent price increases, the titanium dioxide market remains under pressure, with many companies reporting losses and facing challenges from anti-dumping measures abroad [14][28]. - The real estate sector has not shown significant recovery, leading to weak end-user demand, with downstream companies primarily engaging in essential purchases [14][28]. - The average market price for rutile titanium dioxide is currently between 12,300 and 13,700 CNY/ton, while anatase titanium dioxide is priced between 12,000 and 12,500 CNY/ton, reflecting a decline of over 30% from the 2021 peak of 20,400 CNY/ton [14][28].

Core Viewpoint - The company has decided not to lower the conversion price of its "Huiyun Convertible Bonds" during the upcoming six-month period, indicating a strategic choice to maintain the current terms despite potential triggers for adjustment [1] Summary by Relevant Sections - **Board Meeting Decision**: The fifth board meeting of the company will be held on December 22, 2025, where the board will review the proposal regarding the non-adjustment of the conversion price for the "Huiyun Convertible Bonds" [1] - **Future Actions**: The board has determined that if the conversion price adjustment clause is triggered again within the next six months (from December 23, 2025, to June 22, 2026), no proposal for downward adjustment will be made [1] - **Post Six-Month Review**: Starting from June 23, 2026, if the conversion price adjustment clause is triggered again, the board will convene to decide whether to exercise the right to adjust the conversion price [1]