2025年第一次临时股东大会会议资料 洛阳栾川钼业集团股份有限公司 （SSE：603993 HKEX：03993） 2025年第一次临时股东大会 会议资料 二零二五年九月二十三日 1 2025年第一次临时股东大会会议资料 | 目录 | | --- | | 2025年第一次临时股东大会须知 3 | | --- | | 2025年第一次临时股东大会会议议程 6 | | 关于公司《H股受限制股份计划》的议案 7 | | 关于提请公司股东大会授权董事会及/或授权人士处理与H股受限制股份计划相关事 | | 宜的议案 9 | 1、本次会议由公司董事会依法召集。 2、本次会议采取现场投票与网络投票相结合的方式。本次股东大 会将通过上海证券交易所交易系统向公司股东提供网络投票平台，股 东可以在网络投票时间内通过上述系统行使表决权。 3、本次会议的出席人员：2025年10月10日（星期五）下午交易结 束后在中国证券登记结算有限责任公司上海分公司登记在册的公司股 东或股东委托代理人；公司董事、监事和高级管理人员；公司聘请的 见证律师。 4、本次会议行使《公司法》和《公司章程》所规定的股东大会职 权。 2 2025年第一次临时股东 ...

股票代码：603993 股票简称：洛阳钼业 编号：2025—048 洛阳栾川钼业集团股份有限公司 第七届监事会第八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 洛阳栾川钼业集团股份有限公司（以下简称"本公司""公司"） 第七届监事会第八次会议通知于 2025 年 9 月 19 日以电子邮件方式发 出，会议于 2025 年 9 月 23 日以传阅方式召开，会议应参加监事 3 名， 实际参加监事 3 名。本次会议的召集、召开符合相关法律法规和《公 司章程》的有关规定，会议决议合法、有效。会议审议通过了以下议 案： 一、审议通过关于公司《H 股受限制股份计划》的议案。 监事会认为公司《H 股受限制股份计划》有助于吸引和留住专业 人才，加深与对业务有重大影响的关键人员及高潜质专业人员之间的 联系，有利于公司长远发展，不会损害上市公司和股东的利益。监事 会同意上述计划。 该项表决结果为： 3 票赞成, 0 票反对, 0 票弃权。 1.02、公司《H 股受限制股份计划》授权限额 监事会同意在公司《H 股受限制股份计划》 ...

股票代码：603993 股票简称：洛阳钼业 编号：2025—047 洛阳栾川钼业集团股份有限公司 第七届董事会第四次临时会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 洛阳栾川钼业集团股份有限公司（以下简称"本公司"或"公司"） 第七届董事会第四次临时会议通知于 2025 年 9 月 19 日以电子邮件方 式发出，会议于 2025 年 9 月 23 日以传阅方式召开。会议应参加董事 8 名，实际参加董事 8 名。本次会议的召集、召开符合相关法律法规 和本公司《公司章程》及有关规定，会议决议合法、有效，审议通过 了如下议案： 一、审议通过关于公司《H 股受限制股份计划》的议案。 该事项已经董事会薪酬委员会审议通过，根据港股规则要求，现 将公司 H 股受限制股份计划事宜逐项表决如下： 1.01、公司《H 股受限制股份计划》 董事会认为公司《H 股受限制股份计划》有助于吸引和留住专业 人才，加深与对业务有重大影响的关键人员及高潜质专业人员之间的 1 联系，有利于公司长远发展，不会损害上市公司和股东的利益。董事 会同意 ...

2025年9月23日，洛阳栾川钼业集团股份有限公司第七届董事会第四次临时会议以传阅方式召开，8名董 事全部参会。会议审议通过多项议案：一是《H股受限制股份计划》相关议案，包括计划本身、授权限 额、服务提供商分项限额，授权限额下可发行H股总数不超393,345,000股，约占已发行H股总数 10.0%，服务提供商分项限额下不超39,333,000股，约占1.0%，该议案需提交股东大会审议；二是提请 股东大会授权董事会及/或授权人士处理相关事宜的议案；三是召开2025年第一次临时股东大会的议 案，拟审议上述相关事项。 ...

Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is a significant player in the non-ferrous metal mining industry, focusing on molybdenum, tungsten, and precious metals, with a notable increase in gold production forecasted for 2023 [2][3]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, smelting, deep processing, and trading of precious metals such as molybdenum, tungsten, and gold [7]. - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [7]. Production and Financial Performance - The company holds an 80% stake in the NPM copper mine in Australia, which produced 16,000 ounces of gold in 2022, with a production guidance of 25,000 to 27,000 ounces for 2023, representing a year-on-year increase of 56% to 69% [2]. - For the first half of 2025, the company reported a revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while the net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8]. Market Position and Industry Standing - Luoyang Molybdenum is among the top five molybdenum producers globally and the largest tungsten producer, as well as the second-largest cobalt and niobium producer, and a leading copper producer [2][3]. - The company is also the second-largest phosphorus fertilizer producer in Brazil, with a complete phosphorus industry chain covering all aspects of production [3]. Shareholder and Market Activity - As of June 30, 2025, the number of shareholders decreased to 237,500, with an average of 0 circulating shares per person [8]. - The company has distributed a total of 21.562 billion yuan in dividends since its A-share listing, with 10.576 billion yuan in the last three years [9].

Group 1 - Cobalt stocks continue to rise, with Liqin Resources (02245) up 6.68% to HKD 17.4 and Luoyang Molybdenum (603993) (03993) up 0.55% to HKD 12.9 [1] - The government of the Democratic Republic of Congo updated its cobalt export policy on September 20, extending the export ban to October 15, 2025, and setting export quotas for 2026-2027 at only 44% of annual production [1] - CITIC Securities predicts that the export quotas will lead to global cobalt supply being significantly below normal levels from 2025 to 2027, which is expected to drive cobalt prices higher [1] Group 2 - Morgan Stanley notes that the extension of the cobalt export ban until October 15 will be followed by quotas, with the 2026-2027 quota set at 40% of normal production [1] - If Luoyang Molybdenum receives a proportional quota, potential sales for Q4 2025 could be approximately 8,600 tons, and around 43,600 tons for 2026-2027 [1] - Minsheng Securities highlights that Liqin Resources has a large-scale nickel production capacity in Indonesia with cost advantages, positioning the company to benefit significantly from rising cobalt prices [1]

Group 1 - Cobalt stocks continue to rise, with Liqin Resources up 6.68% to HKD 17.4 and Luoyang Molybdenum up 0.55% to HKD 12.9 [1] - The Congolese government updated its cobalt export policy on September 20, extending the export ban to October 15, 2025, and setting export quotas for 2026-2027 at only 44% of annual production [1] - CITIC Securities predicts that the export quotas will lead to significantly lower global cobalt supply from 2025 to 2027, resulting in a strong potential increase in cobalt prices [1] Group 2 - Morgan Stanley notes that if Luoyang Molybdenum receives proportional quotas, potential sales could be approximately 8,600 tons in Q4 2025 and about 43,600 tons for 2026-2027 [1] - Minsheng Securities highlights that Liqin Resources has a large-scale wet nickel production capacity in Indonesia, which positions the company to benefit significantly from rising cobalt prices [1]

Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is a significant player in the non-ferrous metal mining industry, focusing on the production of molybdenum, tungsten, and precious metals like gold, with a strong emphasis on expanding its precious metal business [2][3]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, smelting, deep processing, and trading of precious metals [7]. - The company's main business revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [7]. Production and Financial Performance - The company holds an 80% stake in the NPM copper-gold mine in Australia, with gold equity production guidance for 2023 set at 25,000 to 27,000 ounces, representing a year-on-year increase of 56% to 69% [2]. - For the first half of 2025, the company reported a revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while the net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8]. - The company is the second-largest producer of phosphorus fertilizer in Brazil and has a complete phosphorus industry chain, with phosphorus-related product revenue of 2.834 billion yuan in 2017, accounting for 11.82% of total revenue [3]. Market Activity - On September 22, the company's stock rose by 1.60%, with a trading volume of 2.481 billion yuan and a market capitalization of 271.922 billion yuan [1]. - The company has experienced a net outflow of 7.6914 million yuan from major funds today, with a continuous reduction in major fund positions over the past three days [4][5]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 15.95% to 237,500, with an average of 0 circulating shares per person [8]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 648 million shares, and Huaxia SSE 50 ETF, which holds 138 million shares, both of which have increased their holdings compared to the previous period [9].

Core Viewpoint - Luoyang Molybdenum (603993) (03993) has seen a stock price increase of over 3%, currently trading at 12.85 HKD with a transaction volume of 574 million HKD, driven by strong resource assets and positive market outlook [1] Group 1: Company Assets and Resources - The company possesses globally scarce high-quality copper and cobalt mining assets, with significant resource reserves and development prospects [1] - The two core mining areas in the Democratic Republic of Congo (DRC), TFM and KFM, have a combined copper resource of 34.44 million tons and cobalt resource of 5.4 million tons [1] - The acquisition of the Ecuador Cangrejos gold mine, with a gold resource of 638 tons, is expected to expand the company's resource portfolio and is projected to start production before 2029, with an annual gold output of 11.5 tons [1] Group 2: Market Outlook and Analyst Ratings - Morgan Stanley has issued a report indicating that Luoyang Molybdenum's stock price is expected to rise in the next 30 days, maintaining a buy rating with a target price of 11.7 HKD [1] - The DRC has extended its cobalt export ban until October 15, with subsequent implementation of quotas, which could significantly impact global cobalt supply, as the DRC accounts for 70% of the world's cobalt supply [1] - If Luoyang Molybdenum receives a proportional quota, potential sales for Q4 2025 could be approximately 8,600 tons, and around 43,600 tons for 2026-2027 [1]

Core Viewpoint - Luoyang Molybdenum (03993) has seen a stock price increase of over 3%, attributed to its ownership of high-quality copper and cobalt mining assets, with expectations for further price appreciation in the next 30 days according to Morgan Stanley [1] Group 1: Company Assets - The company possesses globally scarce high-quality copper and cobalt mining assets, with significant resource reserves and development prospects [1] - The two core mining areas in the Democratic Republic of Congo (DRC), TFM and KFM, have a combined copper resource of 34.44 million tons and cobalt resource of 5.4 million tons [1] - The company is diversifying its portfolio with assets in Brazil (niobium and phosphate) and China (molybdenum and tungsten), creating a counter-cyclical resource combination [1] Group 2: Future Growth Potential - The acquisition of the Ecuador KGH gold mine, with a gold resource of 638 tons, is expected to expand the company's resource base, with production anticipated to start before 2029, yielding an annual output of 11.5 tons of gold [1] - Morgan Stanley's report indicates that the DRC's cobalt export ban has been extended to October 15, with subsequent implementation of quotas, which could significantly impact global cobalt supply [1] - If Luoyang Molybdenum receives a proportional quota, potential sales for Q4 2025 could reach approximately 8,600 tons, and around 43,600 tons for 2026-2027 [1]