Group 1 - The company held its second board meeting on June 6, 2025, with all seven directors present, confirming the meeting's legality and effectiveness [2][5]. - The board approved the acquisition of a 6% stake in Hainan Hengxin Life Technology Co., Ltd. from Hainan Jiaxin New Materials Investment Co., Ltd. for a nominal price of 0 yuan, along with a capital increase from 60 million yuan to 68 million yuan, with the company subscribing to the entire new capital [2][14][36]. - The board also approved a capital increase for Wuhan Hengxin Life Technology Co., Ltd., raising its registered capital from 60 million yuan to 80 million yuan, with the company subscribing to the entire new capital [6][14][36]. Group 2 - The transactions are classified as related party transactions, as Hainan Jiaxin and Wuhan Weishi Packaging Materials Co., Ltd. are considered related parties due to their shareholdings in the respective companies [15][16]. - The independent directors and the supervisory board unanimously approved the related party transactions, stating that they align with the company's development strategy and do not harm the interests of the company or its shareholders [39][44][47]. - The company has not engaged in any significant related party transactions with Hainan Jiaxin prior to this announcement, and the total amount of related party transactions with Wuhan Weishi was 4.989 million yuan [36][37].

Group 1 - The company plans to acquire a 6% stake in its subsidiary Hainan Hengxin Life Technology Co., Ltd. from minority shareholder Hainan Jiaxin New Materials Investment Co., Ltd. for a consideration of RMB 0 [1] - The company intends to increase the registered capital of Hainan Hengxin from RMB 60 million to RMB 68 million, with a total subscription amount of RMB 8 million, fully subscribed by the company [1] - After the completion of the transaction, the company will hold a 70% stake in Hainan Hengxin, while Hainan Jiaxin will hold a 30% stake [1]

第二届董事会第六次会议决议公告 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。 一、董事会会议召开情况 合肥恒鑫生活科技股份有限公司（以下简称"公司"）第二届董事会第六次会 议于2025年6月6日在公司会议室以现场结合通讯表决方式召开。会议通知于2025 年6月2日向全体董事发出。会议应出席董事7人，实际出席董事7人。会议由公司董 事长严德平先生主持，公司监事、高级管理人员列席了会议。本次会议的召集、召 开和表决程序符合《中华人民共和国公司法》《公司章程》等的有关规定，会议合 法、有效。 二、董事会会议审议情况 证券代码：301501 证券简称：恒鑫生活 公告编号：2025-024 合肥恒鑫生活科技股份有限公司 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的相关公 告。 本议案已经公司独立董事专门会议审议通过，保荐机构华安证券股份有限公 司发表了同意的核查意见。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 1.审议通过《关于受让海南恒鑫生活科技有限公司认缴出资额及增资暨关联交 易的议案》 海南佳昕新材料投资有限公司将对海 ...

海南佳昕系海南恒鑫股东，持有海南恒鑫 40%股权；武汉威仕系武汉恒鑫股 东，持有武汉威仕 40%股权；根据《深圳证券交易所创业板股票上市规则》等相 关规定，基于实质重于形式的原则，海南佳昕、武汉威仕为公司关联法人，本次 交易事项构成与关联方共同投资的关联交易。 华安证券股份有限公司 关于合肥恒鑫生活科技股份有限公司 受让控股子公司少数股东股权及对控股子公司增资暨与关 联方共同投资的关联交易的核查意见 一、关联交易概述 （一）关联交易基本情况 合肥恒鑫生活科技股份有限公司（以下简称"公司"或者"恒鑫生活"）拟受让 控股子公司海南恒鑫生活科技有限公司（以下简称"海南恒鑫"）之少数股东海南 佳昕新材料投资有限公司（以下简称"海南佳昕"）持有的海南恒鑫 6%股权，鉴 于上述股权尚未出资实缴，经各方协商确定本次股权转让作价金额为人民币 0 元。 同时，公司拟对海南恒鑫进行增资，海南恒鑫的注册资本由 6,000 万元增加至 6,800 万元，每一元新增注册资本的认购价格为 1 元，总认购款 800 万元，新增 注册资本由公司全部认购，其他股东放弃优先认购权。本次交易完成后，公司持 有海南恒鑫 70%股权，海南佳昕持有海南 ...

证券代码：301501 证券简称：恒鑫生活 公告编号：2025-025 合肥恒鑫生活科技股份有限公司 暨与关联方共同投资的关联交易的公告 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、关联交易概述 （一）关联交易基本情况 合肥恒鑫生活科技股份有限公司（以下简称"公司"或者"恒鑫生活"）拟受让控股 子公司海南恒鑫生活科技有限公司（以下简称"海南恒鑫"）之少数股东海南佳昕新材 料投资有限公司（以下简称"海南佳昕"）持有的海南恒鑫6%股权，鉴于上述股权尚 未出资实缴，经各方协商确定本次股权转让作价金额为人民币0元。同时，公司拟对 海南恒鑫进行增资，海南恒鑫的注册资本由6,000万元增加至6,800万元，每一元新增 注册资本的认购价格为1元，总认购款800万元，新增注册资本由公司全部认购，其他 股东放弃优先认购权。本次交易完成后，公司持有海南恒鑫70%股权，海南佳昕持有 海南恒鑫30%股权，本次交易不会导致公司合并范围发生变更。 公司拟对武汉恒鑫生活科技有限公司（以下简称"武汉恒鑫"）进行增资，武汉恒 鑫注册资本由6,000万元增加至8,000万元，每一元新增注 ...

证券代码：301501 证券简称：恒鑫生活 公告编号：2025-026 合肥恒鑫生活科技股份有限公司 第二届监事会第四次会议决议公告 表决结果：同意 3 票，反对 0 票，弃权 0 票。 2.审议通过《关于对武汉恒鑫生活科技有限公司增资暨关联交易的议案》 监事会认为：本次关联交易的交易目的符合法律法规的规定，与公司发展战略 相一致，交易价格公允，且关联交易事项的审议及决策程序符合有关法律法规和规 范性文件及《公司章程》的规定，不存在损害公司和股东利益的情形。 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）相关公告。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 本公司及监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、监事会会议召开情况 合肥恒鑫生活科技股份有限公司（以下简称"公司"）第二届监事会第四次会 议于2025年6月6日在公司会议室以现场结合通讯表决方式召开。会议通知于2025 年6月2日向全体监事发出。会议应出席监事3人，实际出席监事3人。会议由公司监 事会主席姚亚琴女士主持。本次会议的召集、召开和表决程序符合《中华人民 ...

Summary of Key Points from the Conference Call Company Overview - **Company Name**: 恒鑫生活 (Hengxin Life) - **Industry**: Biodegradable products manufacturing - **Recent Performance**: In Q1 2025, the company reported revenue of 419 million yuan, a year-on-year increase of 24.18%, and a net profit of 81.86 million yuan, up 79.79% year-on-year, indicating strong growth momentum [2][3][12] Core Insights and Arguments - **Production Base in Thailand**: The company established a production base in Thailand's Jinchi Industrial Park, which began shipping its first products in April 2025, primarily for the U.S. market. This move aims to enhance capacity and mitigate impacts from U.S.-China trade tensions [2][3][6][8] - **Response to U.S. Tariffs**: To counteract U.S. tariffs, the company has shifted some U.S. orders to its Thai factory, expecting to reach full production capacity by August or September 2025, demonstrating strong risk management capabilities [2][6][8] - **Sustainability Commitment**: The company maintains a focus on sustainable development, with biodegradable product revenue exceeding 50% for four consecutive years, reaching 54.71% in 2024. This positions the company favorably in the environmental sector [2][3][4][5] - **Collaboration with Major Brands**: The company is deepening cooperation with leading domestic tea brands in the biodegradable sector, indicating its competitive edge in the high-end market [2][13] Additional Important Insights - **Core Competitiveness**: The company has a strong focus on biodegradable materials, a diverse product line, and robust modification capabilities, which are essential for market expansion and technological innovation [4][15] - **Market Diversification**: The company has a slightly higher domestic trade ratio compared to foreign trade, with a customer base primarily consisting of major brands, which helps mitigate risks associated with reliance on a single market [4][18] - **Production Capacity and Efficiency**: The Thai factory's design capacity is double that of domestic production for U.S. orders, with plans to enhance efficiency through automation and digital management systems [7][8][10] - **Raw Material Sourcing**: The factory sources paper mainly from China and collaborates with suppliers in Cambodia for future production needs, ensuring flexibility in raw material procurement [11] - **Profitability of Biodegradable Products**: Biodegradable products generally have higher gross margins compared to non-biodegradable products, contributing positively to the company's profitability [21] - **Future Growth Drivers**: The company aims to capitalize on the increasing demand for biodegradable products driven by global environmental policies and consumer awareness, with plans to expand into new materials like PHA [27][28] Conclusion Hengxin Life is positioned for significant growth in the biodegradable products market, leveraging its production capabilities in Thailand, commitment to sustainability, and strategic partnerships with major brands. Investors should monitor the company's progress in capacity expansion, market diversification, and response to trade policies.

Group 1: Company Overview - The company, Hefei Hengxin Life Technology Co., Ltd., has a sales revenue from the U.S. market accounting for approximately 10% of its total sales revenue [1] - The company has established a factory in Thailand to primarily serve the U.S. market orders [1][2] - The company is one of the early domestic players in the R&D, production, and sales of PLA biodegradable dining utensils, with rich technical reserves and production experience [2][3] Group 2: Production and Capacity - The Thailand factory entered normal production in April 2025 and is currently in a rapid capacity ramp-up phase [2] - The fixed cost allocation and efficiency fluctuations during the short-term capacity ramp-up may impact the gross profit margin [2] - The company plans to fully promote the production operations of the Thailand production base throughout 2025 [2] Group 3: Market Position and Competition - The company possesses competitive advantages due to its full-process production capability, a combination of paper and plastic products, a rich variety of products, and strong customer resources [2][3] - The market is expected to mature gradually, leading to an increase in industry concentration, although the overall market size is also expected to grow [3] Group 4: Customer Structure and Procurement - The company's end customers are primarily in the sectors of freshly ground coffee, new-style tea drinks, fast food, and supermarkets [3] - Initially, the Thailand factory will rely mainly on domestic procurement, transitioning to local or international procurement in the future [3]

一、募集资金基本情况 经中国证券监督管理委员会《关于同意合肥恒鑫生活科技股份有限公司首次 公开发行股票注册的批复》（证监许可〔2024〕1909号）同意注册，合肥恒鑫生 活科技股份有限公司（以下简称"公司"）首次公开发行人民币普通股股票 25,500,000股，每股面值人民币1.00元，每股发行价格为人民币39.92元，募集资 金总额为人民币101,796.00万元，扣除发行费用（不含增值税）人民币11,904.53 万元后，实际募集资金净额为人民币89,891.47万元。 证券代码：301501 证券简称：恒鑫生活 公告编号：2025-023 合肥恒鑫生活科技股份有限公司 关于部分募集资金专户注销的公告 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。 上述募集资金已于2025年3月13日划至公司指定账户，容诚会计师事务所（ 特殊普通合伙）对公司上述募集资金到位情况进行了审验，并出具了"容诚验字 [2025]230Z0024号"《验资报告》。 二、募集资金专户开立及监管协议签署情况 为规范公司募集资金管理和使用，保护投资者权益，根据《上市公司监管指 引第2号—— ...

Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, aiming to enhance fund utilization efficiency and generate returns for the company and its shareholders [2][3]. Group 1: Fund Management Approval - The company convened its second board meeting and supervisory board meeting on April 23, 2025, and approved the proposal to use up to 30,000 million yuan of idle raised funds and up to 40,000 million yuan of idle self-owned funds for cash management [2]. - The usage period for these funds is set to not exceed 12 months from the date of approval at the annual shareholders' meeting [2]. - The board has authorized the chairman or authorized personnel to sign relevant contracts within the approved limits and duration [2]. Group 2: Special Settlement Accounts - The company has opened special settlement accounts for cash management of raised funds with Huatai Securities, CITIC Securities, and Huaan Securities [2]. - These accounts are designated solely for the settlement of idle raised funds and will not be used for non-raised funds or other purposes [2]. Group 3: Impact on Company Operations - The establishment of these special accounts complies with relevant laws and regulations, ensuring the smooth progress of fundraising projects and the safety of raised funds [3]. - The cash management of temporarily idle raised funds will not affect the normal operation of fundraising investment projects or the company's main business [3]. - This initiative is expected to improve the efficiency of fund usage and provide additional returns for the company and its shareholders [3].