Core Viewpoint - Guangxi Liuzhou Iron and Steel Group Co., Ltd. has made a commitment to ensure the fulfillment of measures to compensate for returns, in accordance with relevant laws and regulations aimed at protecting the rights of minority investors and promoting the healthy development of the capital market [1][2]. Group 1 - The company commits to fulfilling the compensation measures for returns as per the guidelines set by the State Council and the China Securities Regulatory Commission [1]. - The commitment includes accepting legal responsibility for any penalties or management measures imposed by regulatory bodies such as the Shanghai Stock Exchange [1]. - The company will issue supplementary commitments in accordance with any new regulatory requirements from the China Securities Regulatory Commission regarding compensation measures [1].

Group 1 - The company commits to ensuring the implementation of measures to compensate for dilution of immediate returns, in accordance with relevant regulations and guidelines from the State Council and the China Securities Regulatory Commission [1][2] - The commitment is aimed at protecting the legitimate rights and interests of the company and its shareholders [1] - The company acknowledges that any violation of the commitment may result in legal liability for compensation to the company or investors [2] Group 2 - The company agrees to comply with any new regulatory requirements from the China Securities Regulatory Commission regarding the compensation measures [1] - The commitment is signed by multiple senior executives and board members, indicating a collective responsibility for adherence to the measures [2] - The date of the commitment is set for August 7, 2025, highlighting the timeline for the implementation of these measures [2]

Core Viewpoint - The announcement discusses the potential dilution of immediate returns due to the issuance of A-shares to specific investors and outlines measures to mitigate this impact [1][5][10] Financial Impact Analysis - The company analyzed the potential impact of the share issuance on key financial metrics based on three scenarios for 2025 net profit: maintaining 2024 levels, a 10% increase, and a 20% increase [2][4] - Under the first scenario, the diluted earnings per share (EPS) would decrease from 0.0215 to 0.0206 [4] - In the second scenario, with a 10% profit increase, the diluted EPS would rise to 0.0226 [4] - In the third scenario, with a 20% profit increase, the diluted EPS would further increase to 0.0247 [4] Issuance Necessity and Feasibility - The share issuance aligns with national industrial policies and the company's future development plans, aiming to enhance profitability and benefit all shareholders [5][6] Use of Raised Funds - The funds raised will be used to supplement working capital and repay debts, optimizing the company's capital structure and supporting sustainable development [6] Measures to Mitigate Dilution - The company plans to enhance fund management, improve internal controls, and refine profit distribution policies to counteract the dilution of immediate returns [7][8] - Specific commitments from the board and management have been made to ensure the effectiveness of these measures [9] Approval Process - The measures related to the dilution of immediate returns and the commitments have been approved by the board and shareholders in meetings held on July 4, 2025, and July 30, 2025 [10]

Core Viewpoint - Shenzhen Weiguang Biological Products Co., Ltd. plans to issue A-shares to specific investors, which may dilute immediate shareholder returns and impact key financial metrics [1][5][10] Financial Impact of the Issuance - The issuance will involve up to 45,360,000 shares, not exceeding 20% of the total shares before the issuance, raising a maximum of 1.5 billion yuan [1][4] - The company's net profit for 2025, excluding non-recurring gains and losses, is projected to be approximately 263.51 million yuan [2][4] - Under different scenarios, the basic earnings per share (EPS) and return on equity (ROE) are expected to decline post-issuance, with EPS potentially dropping from 1.12 yuan to 0.93 yuan in a flat profit scenario [4][5] Necessity and Feasibility of the Issuance - The board believes the fundraising aligns with national industrial policies and the company's strategic needs, enhancing operational scale and profitability [5][6] - The funds will primarily support the Weiguang Biological Smart Industrial Base project, aimed at increasing production capacity and automation [6][8] Company’s Preparedness for the Project - The company has a strong team of qualified personnel in biological product production and R&D, ensuring technical expertise for project implementation [7][8] - The company has established a solid market presence with around 200 distributors, enhancing brand influence and customer loyalty [7][8] Measures to Mitigate Dilution of Returns - The company plans to manage the raised funds strictly according to regulatory requirements, ensuring proper usage and compliance [9][10] - It aims to enhance profitability through the successful execution of the fundraising projects, thereby increasing market share and operational efficiency [9][10] - A profit distribution plan for 2025-2027 has been established to ensure stable returns for shareholders [9][10] Commitments from Stakeholders - The controlling shareholder and management have committed to ensuring the effectiveness of the measures to mitigate the dilution of returns [10][11]

Core Viewpoint - Fengshen Tire Co., Ltd. plans to issue A-shares to specific investors, which may dilute immediate returns for existing shareholders, but the company has proposed measures to mitigate this impact [1][2][5]. Financial Impact Analysis - The issuance will increase the total share capital from 72,945,090 shares to a maximum of 94,828,610 shares [3]. - Under three scenarios for 2025 net profit, the basic earnings per share (EPS) will be affected as follows: - Scenario 1 (2025 net profit unchanged from 2024): EPS will decrease from 0.39 to 0.38 [4]. - Scenario 2 (10% increase in net profit): EPS will increase from 0.39 to 0.42 [4]. - Scenario 3 (20% increase in net profit): EPS will increase from 0.39 to 0.46 [4]. Necessity and Rationality of the Issuance - The issuance is deemed necessary to seize industry opportunities, enhance core competitiveness, and solidify the company's market position, benefiting both the company and its shareholders [5][6]. Relationship with Existing Business - The funds raised will be invested in a project to expand the production capacity of high-performance giant engineering radial tires, aligning with the company's main business and market demand [6][8]. Resource Reserves for Investment Projects - The company has a strong talent pool, technical expertise, and market presence to support the successful implementation of the investment projects [9][10]. Measures to Mitigate Dilution of Immediate Returns - The company will manage the raised funds effectively, accelerate business expansion, optimize operational management, and enhance profit distribution policies to protect shareholder interests [10][11]. Commitments from Related Parties - The controlling shareholders and management have committed to ensuring the effectiveness of measures to mitigate the dilution of immediate returns [11].

Core Viewpoint - The company plans to issue A-shares to specific investors, which may dilute immediate returns, and has proposed measures to mitigate this impact while ensuring the protection of minority investors' interests [1][2][4]. Financial Impact of the Share Issuance - The issuance will increase the company's total share capital and net asset size, but the benefits from the raised funds will take time to materialize, potentially leading to a dilution of immediate returns if profits do not increase correspondingly [2][4]. - The company estimates that the total number of shares post-issuance will be 183,472,467, with a projected net profit for 2024 of 124.56 million yuan [3][4]. - Under various scenarios, the basic earnings per share (EPS) and return on equity (ROE) are projected to decline post-issuance, with EPS dropping from 0.90 yuan to 0.78 yuan in a flat profit scenario, and ROE decreasing from 8.34% to 7.51% [4]. Relationship of Fundraising Projects to Existing Business - The total amount raised from the issuance is expected to be no more than 580 million yuan, which will be fully allocated to a polyurethane new materials project, aligning with the company's core business and enhancing its market position [6][8]. - The company has a well-established management team with extensive experience in polyurethane product development and production, ensuring effective implementation of the fundraising projects [7][8]. Measures to Mitigate Dilution of Immediate Returns - The company plans to enhance management efficiency and operational capabilities to improve profitability, including better asset utilization and cost control [9]. - Strict supervision of the use of raised funds will be implemented to ensure compliance with regulations and proper allocation to designated projects [9]. - A stable profit distribution policy will be established to ensure consistent returns to investors, with a three-year shareholder return plan in place [9][10]. Commitments from Key Stakeholders - The company's controlling shareholders, actual controllers, and senior management have committed to ensuring the effective implementation of measures to mitigate the dilution of immediate returns, with accountability for any breaches of these commitments [10][11].

Core Viewpoint - The company has approved a plan for a specific issuance of A-shares, which may dilute immediate returns for existing shareholders, and has proposed measures to compensate for this dilution [1][4]. Financial Impact of the Issuance - The issuance will increase the total share capital from 108,055.17 million shares to 118,156.18 million shares [2]. - The net profit attributable to the parent company is projected to remain stable at 7,669.79 million yuan under the assumption of no significant changes in the operating environment [2]. - Basic and diluted earnings per share are expected to remain at 0.07 yuan per share post-issuance under the same assumption [2][3]. Measures to Mitigate Dilution - The company plans to enhance its core business operations, focusing on clean renewable energy, ecological plant fiber products, and precision manufacturing to improve profitability [6]. - Strengthening management and internal controls is a priority to enhance operational efficiency and profitability [7]. - The company will ensure compliance in the use of raised funds, adhering to relevant laws and regulations to mitigate risks associated with fund usage [7]. - A commitment to strict cash dividend policies is established to ensure investor returns, with a three-year profit distribution plan in place [8]. Commitments from Major Stakeholders - The controlling shareholder has committed to not interfere with the company's management and to ensure the implementation of measures to compensate for diluted returns [9]. - Board members and senior management have made commitments to uphold the company's interests and ensure adherence to the compensation measures [10].

Core Viewpoint - The company plans to issue A-shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][4][8]. Financial Impact - The issuance will increase the total share capital from 137,514,200 shares to 178,768,460 shares [2][3]. - Three scenarios for net profit after non-recurring gains for 2025 are considered: a 10% increase, no change, and a 10% decrease compared to 2024 [1][2]. Issuance Necessity and Reasonableness - The total amount raised from the issuance will not exceed 640 million yuan, which will be invested in a project to produce 135,000 tons of DTY yarn and 120,000 tons of high-performance leather base fabric [4][5]. - The project aims to enhance production capacity and improve product quality, thereby increasing market share and competitiveness [6][7]. Project Relationship with Existing Business - The investment project is aligned with the company's current operations and aims to upgrade production capacity and extend the industrial chain [6][7]. - The project will allow the company to control product quality more effectively by shifting from external procurement to internal production of key raw materials [6][7]. Human Resources, Technology, and Market Readiness - The company has a strong team of experienced personnel in DTY yarn and fabric production, ensuring effective project implementation [6][7]. - The company possesses significant technological capabilities with numerous patents, which will support the successful execution of the project [7]. - The project is expected to have a positive market reception, with a substantial portion of production being absorbed internally, enhancing the company's market influence [7]. Measures to Mitigate Dilution of Immediate Returns - The company will strengthen the supervision of raised funds to ensure they are used effectively and legally [9]. - There will be an emphasis on accelerating project construction to enhance profitability and shareholder returns [9][10]. - The company will maintain and optimize its profit distribution system to reinforce investor return mechanisms [10]. Commitments to Ensure Implementation of Compensation Measures - The controlling shareholder and management have made commitments to ensure the effectiveness of measures to compensate for the dilution of immediate returns [11]. - These commitments include adherence to regulatory requirements and accountability for any losses incurred due to non-compliance [11].

Group 1 - The company is preparing for a shareholder meeting scheduled for May 28, 2025, to discuss various agenda items including the issuance of A-shares and the impact on immediate returns [1][4][6] - The meeting will allow shareholders to express their opinions and ask questions, with specific time limits set for speaking and voting procedures [2][3][6] - The company has committed to measures to mitigate the dilution of immediate returns resulting from the issuance of A-shares, as outlined in the relevant announcements [4][5][7] Group 2 - The company will present a special report on the use of previously raised funds, which has been verified by an accounting firm [5][7] - A report on non-recurring gains and losses for the last three years and the first quarter of 2025 will also be discussed, with verification provided by an accounting firm [7]

Core Viewpoint - Jiangsu Southern Precision Engineering Co., Ltd. is issuing A-shares to specific investors, which may dilute immediate returns, and the company has outlined measures to mitigate this impact [1][2][6]. Financial Impact Analysis - The total amount of funds raised from this issuance is estimated to be 201.76 million yuan, with an assumed issuance price leading to approximately 12.04 million shares being issued [2][3]. - The company anticipates a 10% increase in net profit attributable to shareholders in 2025 compared to 2024, with pre-dilution earnings per share (EPS) estimated at 0.07 yuan and post-dilution EPS at 0.31 yuan [3][5]. - If net profit remains flat compared to 2024, the EPS figures would remain unchanged at 0.07 yuan pre-dilution and 0.31 yuan post-dilution [5]. Necessity and Feasibility of the Issuance - The funds raised will be used for projects that enhance the company's core competitiveness and sustainable development capabilities [6][8]. - The company operates in precision components, serving various sectors including automotive and industrial machinery, which supports the rationale for the issuance [6][8]. Project Relationship with Existing Business - The funds will be allocated to projects related to the company's existing operations, specifically in precision braking and transmission components, which aligns with its strategic goals [7][8]. Human Resources, Technology, and Market Readiness - The company has a well-established team with extensive experience in precision machinery, ensuring effective project implementation [9]. - It has a strong technical foundation with over 170 R&D personnel and more than 150 patents, supporting innovation and product development [9]. - The company has built a solid market presence and customer relationships, which will facilitate the successful execution of the fundraising projects [9]. Measures to Mitigate Dilution of Immediate Returns - The company plans to enhance production and sales of existing products to improve profitability [10]. - Governance structures will be strengthened to ensure shareholder rights and effective decision-making [10]. - The company will expedite project investment and ensure efficient use of raised funds [11]. - A profit distribution system will be established to reinforce investor return mechanisms [12]. Commitments from Key Stakeholders - The controlling shareholders and management have made commitments to ensure the execution of measures to mitigate the dilution of immediate returns [12].