Core Viewpoint - Tianlu Technology indicates that the demand for TAC film is expected to reach 1.229 billion square meters by 2025, highlighting the growing importance of this material in the display panel industry [1] Industry Summary - Over 70% of the production capacity for the panel segment is located in mainland China, with a similar expectation for the polarizer segment after capacity consolidation [1] - TAC film accounts for over 50% of the cost of polarizer film materials, making it a critical component affecting the profitability of polarizer manufacturers [1] - The TFT-grade TAC film used in mainland China is primarily imported, with Japanese companies Fujifilm and Konica Minolta holding approximately 75% of the global market share [1] Company Summary - In 2023, BOE Technology Group, as a leader in the panel industry chain, has partnered with local polarizer company Sanli Pu to establish a subsidiary, Anhui Jiguang, to engage in the TAC film project [1] - This collaboration aims to break Japan's monopoly on TAC film and enhance the self-sufficiency of China's panel industry chain [1] - The necessity of this project has been further emphasized by current geopolitical relations, with strong support from various industry stakeholders to ensure the project's advancement [1]

Core Viewpoint - Tianlu Technology (301045) has confirmed that its laboratory tests on raw material formulations meet key performance indicators such as brightness and transmittance, although these tests are not indicative of mass production capabilities [1] Group 1 - The company conducts thermal, mechanical, and optical performance tests on raw material formulations to validate their impact on key indicators [1] - The testing program is primarily aimed at understanding the effects of different formulations rather than proving the ability for large-scale production [1] - The company plans to achieve alignment with competitors on key indicators through optical design, material modification, and iteration of key equipment [1]

Group 1 - The core point of the article is that Tianlu Technology has seen a decrease in the number of shareholders and a significant increase in stock price, despite a decline in revenue [2] - As of January 20, the number of shareholders for Tianlu Technology was 8,951, a decrease of 524 from the previous period, representing a decline of 5.53% [2] - The closing price of Tianlu Technology was 38.34 yuan, an increase of 6.32%, with a cumulative increase of 25.21% since the concentration of shares began [2] Group 2 - The company's third-quarter report indicates that it achieved a total operating revenue of 447 million yuan, a year-on-year decrease of 9.93% [2] - The net profit for the first three quarters was 25.27 million yuan, reflecting a year-on-year increase of 26.56% [2] - The basic earnings per share were 0.2300 yuan, with a weighted average return on equity of 2.51% [2]

天禄科技 2026 年第一次临时股东会 法律意见书 江苏世纪同仁律师事务所 关于苏州天禄光科技股份有限公司 2026 年第一次临时股东会的法律意见书 苏州天禄光科技股份有限公司： 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会 规则》等法律、法规和规范性文件以及《公司章程》的规定，本所受公司董事会 委托，指派本所律师出席公司 2026 年第一次临时股东会，并就本次股东会的召 集、召开程序、出席会议人员资格、召集人资格、表决程序以及表决结果的合法 有效性等事项出具法律意见书。 为出具本法律意见书，本所律师对本次股东会所涉及的有关事项进行了审 查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 本所律师同意将本法律意见书随公司本次股东会决议一并公告，并依法对本 法律意见书承担相应的责任。 本所律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，出具法律意见如下： 一、关于本次股东会的召集和召开 1、本次股东会由公司董事会召集 2026 年 1 月 7 日，公司召开了第四届董事会第三次会议，决定于 2026 年 1 月 23 日 召 开 本 ...

证券代码：301045 证券简称：天禄科技 公告编号：2026-006 苏州天禄光科技股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会无否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议； 3、中小股东是指除公司董事和高级管理人员以及单独或合计持有公司 5% 以上股份的股东以外的其他股东。 3、股东会的召集人：公司董事会 4、股东会的主持人：董事长梅坦先生 5、现场会议地点：江苏省苏州市相城区黄埭镇太东路 2990 号，天禄科技办 公楼五楼 6、本次股东会会议的召集、召开与表决程序符合《公司法》《上市公司股 东会规则》《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》等法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 二、会议出席情况 一、会议召开情况 1、会议召开时间 （1）现场会议召开时间：2026 年 01 月 23 日（星期五）15:00 （2）网络投票时间：2026 年 01 月 23 ...

Group 1: Fundraising and Project Changes - The company announced a change in fundraising strategy, terminating the "Expansion of Large-Sized Light Guide Plate Project" to improve fund utilization efficiency [1] - Remaining funds will be redirected to the TAC film project at Anhui Jiguang and the reflective polarizing film project at Suzhou Yijia [1] Group 2: Market Analysis and Competitive Landscape - The demand for TAC film is projected to reach 1.229 billion square meters by 2025, with over 70% of panel production capacity located in mainland China [2] - TAC film accounts for over 50% of the cost of polarizing film materials, significantly impacting the profitability of polarizing film manufacturers [2] - Currently, 75% of the TFT-grade TAC film used in mainland China is imported, primarily from Japanese suppliers [2] Group 3: Project Progress and Development - Anhui Jiguang obtained the construction permit in June 2025, and the factory construction is progressing steadily [2] - Major equipment for the TAC film project is expected to be delivered and tested in the first half of this year [2] - Initial test results of trial films sent to downstream polarizing film and panel manufacturers show no significant discrepancies with Anhui Jiguang's internal testing [2]

Group 1 - Tianlu Technology's stock increased by 5.1%, reaching 37.90 CNY per share, with a trading volume of 55.52 million CNY and a turnover rate of 2.37%, resulting in a total market capitalization of 4.181 billion CNY [1] - Suzhou Tianlu Optical Technology Co., Ltd. was established on November 9, 2010, and went public on August 13, 2021. The company's main business involves the research, production, and sales of light guide plates, with revenue composition being 97.85% from light guide plates and 2.15% from other sources [1] Group 2 - Among Tianlu Technology's top ten circulating shareholders, a fund under Dacheng Fund holds a position. The Dacheng CSI 360 Internet + Index A (002236) reduced its holdings by 13,800 shares in the third quarter, now holding 640,800 shares, which is 1% of the circulating shares. The estimated floating profit today is approximately 1.1791 million CNY [2] - The Dacheng CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a current scale of 754 million CNY. Year-to-date returns are 9.8%, ranking 1497 out of 5546 in its category; the one-year return is 53.39%, ranking 1147 out of 4261; and since inception, the return is 263.13% [2]

Core Viewpoint - Tianlu Technology plans to terminate its original fundraising project "Expansion of Large-size Light Guide Plate Project" to improve the efficiency of fundraising and align with strategic development needs [1] Group 1: Fundraising and Project Termination - The company intends to redirect the remaining funds from the terminated project into two new projects: the TAC film project of its subsidiary Anhui Jiguang and the reflective polarizing enhancement film project of Suzhou Yijia [1] - Both new projects fall under the category of domestic substitution, aiming to expand into adjacent segments of the display industry [1] Group 2: Strategic Development - The shift in funding is part of the company's strategy to build a second growth curve [1]

Group 1: Fundraising and Project Adjustments - The company announced the termination of the original fundraising project "Expansion of Large-size Light Guide Plate Project" to improve fundraising efficiency, reallocating the remaining funds to the TAC film project and reflective polarizing film project [1] - The TAC film and reflective polarizing film projects are aimed at addressing domestic supply chain issues, with both being critical for the company's second growth curve [1] Group 2: Market Overview and Competition - The TAC film market is primarily dominated by Japanese suppliers, with major players including Fujifilm, Konica Minolta, and others, accounting for approximately 80% of the global market [2] - The company plans to establish a production line for TAC optical film with an annual capacity of 1 million square meters, with potential for further expansion based on the progress of the initial project [2] Group 3: Investment and Shareholding Structure - Following recent financing, the company's shareholding in Anhui Jiguang is expected to be 56.4603%, maintaining a stake above 50% to ensure consolidation in financial reporting [2]

Core Viewpoint - Tianlu Technology is shifting its fundraising focus to enhance efficiency and support the development of its TAC film project and reflective polarizer project, aiming to create a second growth curve in adjacent display industry segments [3]. Group 1: Investor Relations Activity - The investor relations activity was a targeted research meeting held on January 21, 2026, at Tianlu Technology's fifth-floor conference room, attended by Tianhong Fund and Western Securities [2]. Group 2: Fundraising Purpose Change - The company plans to terminate the original fundraising project for the "Expansion of Large-Sized Light Guide Plate Project" and redirect the remaining funds to the TAC film project at Anhui Jiguang and the reflective polarizer project at Suzhou Yijia [3]. Group 3: TAC Film Project Progress - The TAC film project is progressing in three areas: - Construction of the factory is underway, with a construction permit obtained in June 2025 [4]. - Major equipment is expected to arrive and undergo testing in the first half of this year [4]. - Laboratory test samples have been sent to downstream manufacturers for evaluation, confirming no significant discrepancies in testing results [4]. Group 4: Shareholder Support and Financial Status - The shareholder structure of Anhui Jiguang covers key participants in the TAC film supply chain, providing technical and financial support throughout various project phases [5]. - The company has sufficient funding due to multiple rounds of financing and government subsidies [5]. Group 5: TAC Film Capacity Planning - The initial phase of the TAC film project will involve the construction of one production line, with future expansion plans contingent on the progress of the initial project [6].