北京市嘉源律师事务所 关于华润化学材料科技股份有限公司 2025 年第三次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 关于华润化学材料科技股份有限公司 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致：华润化学材料科技股份有限公司 北京市嘉源律师事务所 2025 年第三次临时股东大会的 法律意见书 北京市嘉源律师事务所（以下简称"本所"）接受华润化学材料科技股份有 限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效 的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《华 润化学材料科技股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指 派本所律师对公司 2025 年第三次临时股东大会（以下简称"本次股东大会"）进 行见证，并依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提供的与本次股东大会有关的文件和资 ...

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.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 证券代码：301090 证券简称：华润材料 公告编号：2025-072 华润化学材料科技股份有限公司 2025 年第三次临时股东大会决议公告 5.主持人：董事长燕现军先生 本次股东大会的召集、召开符合《中华人民共和国公司法》《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》等有关法律、行政法规、部门 规章、规范性文件和《公司章程》的有关规定。 （二）会议出席情况 1.股东出席的总体情况 （一）会议召开情况 1.召开时间： （1）现场会议召开时间：2025 年 12 月 24 日（星期三）下午 15:00。 （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 12 月 24 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过 深圳证券交易所互联网投票系统进行投票的具体时间为 2025 年 12 月 24 日上 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activity of China Resources Materials, indicating a decline in stock price and significant changes in financing and shareholder structure [1][2]. Group 2 - As of December 23, China Resources Materials experienced a stock price drop of 0.72%, with a trading volume of 26.79 million yuan [1]. - On the same day, the company had a financing buy-in amount of 3.06 million yuan and a financing repayment of 3.64 million yuan, resulting in a net financing buy of -584,100 yuan [1]. - The total balance of margin trading for China Resources Materials reached 88.35 million yuan, with the financing balance accounting for 0.87% of the circulating market value, indicating a high level compared to the past year [1]. - The company reported a total revenue of 10.296 billion yuan for the period from January to September 2025, reflecting a year-on-year decrease of 24.74%, while the net profit attributable to shareholders was -95.28 million yuan, showing a year-on-year increase of 62.35% [2]. - The number of shareholders for China Resources Materials decreased to 23,400, while the average circulating shares per person increased to 62,959 [2]. - The company has distributed a total of 253 million yuan in dividends since its A-share listing, with 181 million yuan distributed over the past three years [2]. - As of September 30, 2025, notable institutional shareholders include Huaxia CSI 500 Index Enhanced A, which became the fifth-largest shareholder with 2.8023 million shares, and Southern CSI 1000 ETF, which increased its holdings by 6,100 shares [2].

证券日报网讯12月23日，华润材料（301090）在互动平台回答投资者提问时表示，截至2025年12月19 日，公司股东人数(含信用账户合并)为23363户。 ...

证券日报网讯12月17日，华润材料（301090）在互动平台回答投资者提问时表示，截至2025年12月10 日，公司股东人数(含信用账户合并)为23624户。 ...

Core Viewpoint - The chemical industry is increasingly adopting hedging strategies as a standard practice, with companies actively engaging in risk management through futures and derivatives to navigate a complex market environment [1][4]. Group 1: Hedging Plans and Announcements - Companies like 佛燃能源 and 华润材料 have announced significant hedging plans, with 佛燃能源 planning to invest up to 4.17 billion yuan for commodity hedging and natural gas price locking [1]. - 中国海油 has also disclosed a hedging plan involving a guarantee of 350 million USD, indicating a trend of proactive risk management among chemical enterprises [1][2]. Group 2: Characteristics of Hedging Activities - Recent hedging announcements from chemical companies show a strong alignment with industry needs, with hedging amounts closely tied to actual business operations, reflecting a deep understanding of the essence of hedging [2]. - There is a notable diversification in the types of hedging instruments used, with companies focusing on core product categories and employing various derivatives such as futures, forwards, swaps, and options [2][3]. Group 3: Risk Management Framework - Companies are establishing comprehensive risk management systems that cover all stages of the hedging process, including position limits, trading authorization mechanisms, and credit evaluations of trading partners [3]. - This full-chain risk prevention mechanism aims to mitigate potential risks from extreme market conditions, defaults, and operational errors, thereby ensuring the stable execution of hedging activities [3]. Group 4: Market Dynamics and Demand for Hedging - The surge in hedging enthusiasm among chemical companies is driven by changes in the operating environment and improvements in market tools, with increased uncertainty due to fluctuating raw material prices and competitive pressures [4][5]. - The geopolitical situation, particularly the Russia-Ukraine conflict, has intensified these pressures, leading to a decline in profit margins for companies as costs rise and selling prices fall [4]. Group 5: Evolution of Hedging Practices - The domestic futures market's development has provided a solid foundation for chemical companies' hedging activities, with a growing array of futures and options available for risk management [5]. - Data indicates a clear trend in the hedging wave, with a significant increase in the number of companies announcing hedging activities, reflecting a year-on-year growth of approximately 153% [5]. Group 6: Strategic Shift in Business Models - Chemical companies are evolving their use of futures from mere risk hedging to innovative business models and gaining pricing power within the industry [6][7]. - Leading companies are transitioning from "using futures for hedging" to "using futures for business operations," with the ability to manage risks across the entire supply chain becoming a distinguishing factor between industry leaders and average participants [7].

证券日报网讯12月15日，华润材料（301090）在互动平台回答投资者提问时表示，截至2025年12月10 日，公司股东人数(含信用账户合并)分别为23624户。 ...

格隆汇12月15日丨华润材料(301090.SZ)在互动平台表示，公司尚未涉足尼龙业务。 ...

证券日报网讯 12月8日晚间，华润材料发布公告称，公司完成回购注销限制性股票及回购股份合计13， 897，427股，总股本由1，486，358，853股变更为1，472，461，426股，注册资本相应变更；同时取消 监事会，由董事会审计委员会行使原监事会职权，并修订《公司章程》及部分治理制度，相关事项尚需 2025年第三次临时股东大会特别决议审议。 （文章来源：证券日报） ...

Core Viewpoint - China Resources Chemical Materials Technology Co., Ltd. plans to implement futures hedging for PTA, MEG, and PET starting in 2026 to manage price volatility risks associated with raw materials and finished products [1][2]. Group 1: Business Overview - The company primarily produces bottle-grade polyester chips (PET), which heavily rely on raw materials like PTA and MEG, whose prices are significantly influenced by crude oil prices, operational rates, and supply-demand dynamics [2]. - The company faces challenges in profit stability due to the pricing mechanism differences between raw material procurement and product sales, particularly with a fixed-price long-term delivery model [2]. Group 2: Hedging Business Details - The hedging business will involve trading PTA, MEG, and PET futures contracts, with a maximum daily margin requirement of 517 million yuan, and will run from January 1, 2026, to December 31, 2026 [3]. - The funding for this hedging will come from the company's own funds, without involving raised funds or credit [3]. - The hedging scale is limited to 90% of annual raw material demand and 90% of annual production capacity for finished products [3]. Group 3: Risk Management - The company has established a comprehensive risk management system for the hedging business, including a revised trading management system and a cross-departmental leadership group responsible for futures operations [3]. - A financial derivatives information management system will be used for dynamic monitoring, ensuring that the 517 million yuan margin aligns with the company's financial strength [3]. Group 4: Regulatory Progress - The hedging plan has been approved by the board of directors and the supervisory board, with independent directors noting that the approval process is compliant and the internal control system is robust [4]. - The plan will be submitted for shareholder approval, with the specific meeting date to be announced later [4]. - The implementation of this hedging business is expected to enhance the company's profit stability, especially as the PET product gross margin has declined by 2.3 percentage points year-on-year due to rising raw material prices [4].