Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of August 18, there are 981 stocks with a circulating market value below 3 billion yuan, and 410 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,641 stocks have a total market value below 5 billion yuan, with 582 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 584 million yuan, and Bofei Electric at 639 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Suwu at 697 million yuan, and *ST Yuancheng at 752 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as media, household appliances, and basic chemicals, with notable examples like *ST Zitian and Liren Technology [1][2]

证券代码：301429 证券简称：森泰股份 公告编号：2025－062 安徽森泰木塑集团股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假 记载、误导性陈述或者重大遗漏负连带责任。 安徽森泰木塑集团股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日 召开了第三届董事会第二十六次会议及第三届监事会第十八次会议，于 2025 年 5 月 13 日召开了 2024 年年度股东大会，审议通过了《关于使用部分暂时闲置募 集资金和自有资金进行现金管理的议案》，同意公司及子公司使用部分暂时闲置 募集资金进行现金管理及自有闲置资金购买安全性高、流动性好、中低风险的投 资理财产品，公司及子公司拟使用不超过人民币 50,000 万元闲置募集资金（含 超募资金）进行现金管理。上述额度自公司 2024 年年度股东大会审议通过后至 下一年度股东大会召开之日止，在上述额度内资金可以循环滚动使用，现金管理 的募集资金余额不超过 50,000 万元。暂时闲置募集资金现金管理到期后将及时 归还至募集资金专户。以上具体内容详见公司于 2025 年 ...

Group 1 - Shanghai Stock Exchange has decided to terminate the review of Anhui Sentai Wood-Plastic Group Co., Ltd.'s initial public offering and listing on the Sci-Tech Innovation Board [1] - Sentai Group submitted an application to withdraw its IPO and listing application on February 23, 2021, along with its sponsor, Minsheng Securities [1] - The listing committee meeting originally scheduled for February 25, 2021, to review Sentai Group's application has been canceled due to the withdrawal [1] Group 2 - Sentai Group specializes in the research, design, production, and sales of high-performance wood-plastic composite materials and new stone-wood plastic composite materials [2] - The company intended to publicly issue no less than 29.55 million shares, accounting for at least 25% of the total shares after the issuance [2] - The planned fundraising amount was 365 million yuan, allocated for various projects including the expansion of production capacity and the establishment of a research and development center [2] Group 3 - The sponsoring institution for Sentai Group's IPO was Minsheng Securities, with representatives Zhang Haidong and Tang Ying [3]

Core Insights - The wood-plastic composite (WPC) industry is experiencing rapid growth in China, driven by environmental policies and increasing demand for sustainable materials [1][6][20] - The market for WPC products is expected to reach a production volume of approximately 5.5 million tons and sales of about 5.35 million tons by 2025 [1][8] Group 1: Industry Characteristics and Classification - WPC is an eco-friendly composite material made from wood fibers and thermoplastic plastics, offering excellent physical and mechanical properties [2][4] - WPC products are categorized based on plastic raw materials (e.g., PE, PP, PVC), fiber sources (e.g., wood, agricultural fibers), structural forms (e.g., solid, hollow), surface treatments, and application fields [4][10] Group 2: Current Development Status - The WPC industry in China has developed rapidly, with production increasing from 2.55 million tons in 2017 to an expected 5.5 million tons by 2025 [6][8] - The application of WPC has expanded from simple logistics pallets to various sectors including construction, landscaping, and furniture manufacturing [5][10] Group 3: Industry Chain - The upstream of the WPC industry includes raw materials like wood powder and plastics, while the midstream involves the manufacturing processes such as mixing and extrusion [10] - The downstream applications are diverse, covering construction decoration, outdoor landscapes, and packaging [10] Group 4: Competitive Landscape - China is the largest producer and consumer of WPC globally, with major companies concentrated in the Pearl River Delta and Yangtze River Delta regions [12] - Key players in the market include Meixin Technology, Jiangsu Furuishen, and Anhui Sentai, with varying production capacities and market shares [12][15] Group 5: Representative Companies - Meixin Technology focuses on developing eco-friendly WPC materials, achieving significant revenue in outdoor flooring and wall panels, with projected revenue of 833 million yuan in 2024 [15][18] - Anhui Sentai specializes in high-performance WPC and has a strong patent portfolio, with expected revenue of 894 million yuan in 2024 [17][18] Group 6: Industry Development Trends - The WPC industry is transitioning from scale expansion to high-quality development, emphasizing technological innovation and green upgrades [20] - The demand for high-performance, diverse, and adaptable WPC products is expected to grow, indicating a strong market potential [20]

证券代码：301429 证券简称：森泰股份 公告编号：2025－060 安徽森泰木塑集团股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假 记载、误导性陈述或者重大遗漏负连带责任。 安徽森泰木塑集团股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日 召开了第三届董事会第二十六次会议及第三届监事会第十八次会议，于 2025 年 5 月 13 日召开了 2024 年年度股东大会，审议通过了《关于使用部分暂时闲置募 集资金和自有资金进行现金管理的议案》，同意公司及子公司使用部分暂时闲置 募集资金进行现金管理及自有闲置资金购买安全性高、流动性好、中低风险的投 资理财产品，公司及子公司拟使用不超过人民币 50,000 万元闲置募集资金（含 超募资金）进行现金管理。上述额度自公司 2024 年年度股东大会审议通过后至 下一年度股东大会召开之日止，在上述额度内资金可以循环滚动使用，现金管理 的募集资金余额不超过 50,000 万元。暂时闲置募集资金现金管理到期后将及时 归还至募集资金专户。以上具体内容详见公司于 2025 年 ...

Core Viewpoint - The company has completed the election of its fourth board of directors and the appointment of senior management personnel, marking a significant governance transition [1][2][3] Group 1: Board Composition - The fourth board of directors consists of 9 members, including 6 non-independent directors (one being a representative director) and 3 independent directors [2][3] - The non-independent directors include Tang Shengwei (Chairman), Tang Daoyuan (Vice Chairman), Zhang Yong, Wang Bin, Zhou Zhiguang, and Ou Yuansheng (employee representative director) [2] - The independent directors are Chen Jian, Wang Jun, and Yang Xuechao, all of whom meet the qualifications required for independent directors [2][3] Group 2: Committees Composition - The board has established various specialized committees, including the Strategy and ESG Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee, with independent directors holding a majority in key committees [3] - The Audit Committee is chaired by Chen Jian, a professional accountant, ensuring compliance with relevant regulations [3] Group 3: Senior Management Appointments - The board has appointed Tang Daoyuan as General Manager, Zhang Yong as Deputy General Manager, Zhou Zhiguang as Chief Financial Officer and Board Secretary, Huang Donghui as Technical Director, and Zhao Wenshu as Human Resources Director [4] - The term for these senior management personnel is aligned with the board's term, lasting until the end of the fourth board's tenure [4] Group 4: Departure of Previous Personnel - Several previous directors and supervisors have completed their terms and will no longer hold positions within the company, including Liu Jia and Deng Liqun, who do not hold any shares in the company [5][6] - The company has decided to abolish the supervisory board, transferring its powers to the Audit Committee [5]

证券代码：301429 证券简称：森泰股份 公告编号：2025-059 安徽森泰木塑集团股份有限公司 关于完成董事会换届选举并聘任高级管理人员、证券事务代 表暨部分董事、监事、高级管理人员届满离任的公告 本公司及董事会全体人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。 安徽森泰木塑集团股份有限公司（以下简称"公司"）于 2025 年7 月7 日召 开 2025 年第二次临时股东大会，审议通过了《关于董事会换届选举暨提名第四 届董事会非独立董事候选人的议案》《关于董事会换届选举暨提名第四届董事 会独立董事候选人的议案》。2025 年7 月7 日，公司召开了职工代表大会，经与 会职工代表审议，公司职工代表大会选举欧元素女士为公司第四届董事会职工 代表董事。2025 年7月8日，公司召开第四届董事会第一次会议，审议通过了《 关于选举公司第四届董事会董事长及副董事长的议案》《关于选举公司第四届 董事会各专门委员会委员及主任委员的议案》《关于聘任公司高级管理人员的 议案》《关于聘任公司证券事务代表的议案》。 综合上述情况，公司本次董事会换届选举等相关事项已完成。现将有关情 况公告如下： ...

证券代码：301429 证券简称：森泰股份 公告编号：2025－058 安徽森泰木塑集团股份有限公司 关于第四届董事会第一次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假 记载、误导性陈述或者重大遗漏负连带责任。 安徽森泰木塑集团股份有限公司（简称"公司"）第四届董事会第一次会议于 2025 年 7 月 8 日在公司现场及通讯方式召开。会议通知已于 2025 年 7 月 7 日送 达全体董事，各位董事已知悉与所审议事项相关的必要信息。本次会议由公司董 事长唐圣卫先生主持，会议应到董事 9 名，实到董事 9 名。本次董事会会议的召 集、召开符合《中华人民共和国公司法》（简称"《公司法》"）等法律法规及《安 徽森泰木塑集团股份有限公司章程》（简称"《公司章程》"）有关规定，表决形 成的决议合法、有效。 经与会董事审议，以记名投票表决方式，通过如下决议： 根据《公司法》等有关法律法规、规范性文件及《公司章程》等相关规定， 为提高公司董事会的治理效率，公司第四届董事会下设战略与 ESG 委员会、审 计委员会、提名委员会及薪酬与考核委员会。经全体董事选举产生的各专门委员 1 会委员及主 ...

证券代码：301429 证券简称：森泰股份 公告编号：2025－055 安徽森泰木塑集团股份有限公司 关于 2025 年第二次临时股东大会决议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假 记载、误导性陈述或者重大遗漏负连带责任。 特别提示： 1. 本次股东大会未出现变更或否决议案的情形； 2. 本次股东大会不涉及变更前次股东大会决议； 3. 本次股东大会采用现场表决与网络投票相结合的方式召开 一、会议召开和出席情况 （1）股东出席的总体情况： 通过现场和网络投票的股东 45 人，代表股份 64,005,500 股，占公司有表决 权股份总数的 54.1410％。其中：通过现场投票的股东 5 人，代表股份 63,835,200 股，占公司有表决权股份总数的 53.9970％。通过网络投票的股东 40 人，代表股 份 170,300 股，占公司有表决权股份总数的 0.1441％。 （2）中小股东出席的总体情况： 安徽森泰木塑集团股份有限公司（以下简称"公司"） 2025 年第二次临时股 东大会于 2025 年 7 月 7 日召开，公司于 2025 年 6 月 19 日披露了《关于召开 ...

德恒上海律师事务所 关于 安徽森泰木塑集团股份有限公司 2025 年第二次临时股东大会之 见证意见 上海市东大名路 501 号上海白玉兰广场办公楼 23 层 电话：021-55989888/55989666 传真：021-5598 9898 邮编：200080 德恒上海律师事务所 关于安徽森泰木塑集团股份有限公司 2025 年第二次临时股东大会之见证意见 德恒上海律师事务所 关于安徽森泰木塑集团股份有限公司 2025 年第二次临时股东大会之 见证意见 德恒 02F20240463-00008 号 致：安徽森泰木塑集团股份有限公司 德恒上海律师事务所接受安徽森泰木塑集团股份有限公司（以下或称"公司"） 的委托，指派本所见证律师对公司于 2025 年 7 月 7 日 14:00 召开的 2025 年第二 次临时股东大会（以下简称"本次股东大会"）进行见证并出具本见证意见。 本所见证律师依据本见证意见出具日前已经发生或存在的事实和《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《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、法规和规 ...