明亚综合业务部副经理潘耀斌在发布会上分享了市场实践中的典型案例与服务经验，表示明亚不仅是董责险晦涩条款 的"解码者"，还是保单服务的"陪伴者"，帮助企业科学配置保险方案，协调理赔服务，提供从保单生效到理赔结案的全生命周 期陪伴。 明亚常务副总裁王鹏在致辞中表示，作为长期聚焦董责险领域的保险经纪公司，明亚亲历并参与了董责险在中国从"小众 认知"到"主流配置"，从"外资主导"到"本土创新"，从"被动应对"到"主动风险管理"的发展历程。在服务客户过程中，明亚打破 单一服务局限，以"风险管理+法律实务+科技赋能"三维能力，重构董责险服务价值链条，为客户提供全面风险管理服务内容。 随着中国资本市场改革持续深化与公司治理要求不断提升，董责险已从昔日的"小众配置"跃升为上市公司的"必要保障"。 而明亚、建纬律师事务所与险律科技正高效协同，整合法律、科技与保险专业能力，赋能企业强化风险防控体系。展望未来， 三方将持续推动董责险生态的理性化与稳健化发展，助力上市公司在监管新常态下构建更牢固的安全防线，共同书写市场高质 量发展的新篇章。 本报讯 （记者杨笑寒）1月4日，由明亚保险经纪股份有限公司（以下简称"明亚"）、上海市建纬律 ...

Group 1 - The company held its third extraordinary general meeting on December 1, 2025, with no resolutions being rejected [2] - The meeting was chaired by the chairman, Mr. Zhu Shihui, and complied with the Company Law and the company's articles of association [2][3] - All nine current directors and the board secretary attended the meeting [3] Group 2 - The meeting approved the amendment to the company's articles of association and the change of the accounting firm [4][5] - Both proposals received more than half of the valid votes from shareholders present at the meeting, with the amendment to the articles of association requiring a two-thirds majority [5][6] Group 3 - The company announced a related party transaction involving the leasing of equipment from Guangdong Xiandai Advanced Materials Co., Ltd. for a total of 62.17 million RMB over two years [26][29] - The rental amount is set at 31.08 million RMB per year, and the transaction does not constitute a major asset restructuring [27][30] - The transaction was approved by the board of directors and does not require shareholder approval as it falls within the board's authority [28][30] Group 4 - The company plans to engage in hedging and derivative trading to manage risks associated with price fluctuations of raw materials [46] - The maximum margin for the hedging business is set at 50 million RMB, with a maximum contract value of 500 million RMB on any trading day [47] - The company aims to stabilize product costs and enhance its risk management capabilities through this strategy [46][51] Group 5 - The company intends to purchase Directors and Officers (D&O) insurance to mitigate governance and operational risks [64] - The proposed insurance coverage is capped at 100 million RMB per year, with an annual premium budget of up to 500,000 RMB [64] - The board will seek shareholder authorization to empower management to handle the insurance purchase and related matters [64][65]

Core Viewpoint - The trend of purchasing Directors and Officers Liability Insurance (D&O Insurance) among A-share listed companies continues to rise, with 272 companies announcing their intention to buy or have already purchased such insurance in 2024, maintaining a high level compared to previous years [1][3]. Group 1: Market Trends - In 2024, the number of A-share listed companies announcing D&O Insurance purchases is nearly equal to the total for 2023, indicating sustained interest [3]. - The manufacturing sector represents a significant portion of companies opting for D&O Insurance, with policy limits typically ranging from 50 million to 100 million yuan, and total premiums generally amounting to several hundred thousand yuan [3][4]. - The recent implementation of the new Company Law in July 2024 has established a legal framework for D&O Insurance, increasing the accountability of directors and executives [5]. Group 2: Reasons for Increased Demand - The new Company Law has strengthened the liability risks for directors and executives, prompting companies to seek D&O Insurance to mitigate these risks [5]. - Heightened regulatory scrutiny in the securities market and recent litigation cases have raised awareness of the potential risks faced by executives, further driving demand for D&O Insurance [5]. - The increasing number of companies purchasing D&O Insurance has created a demonstration effect, encouraging others to follow suit [5]. Group 3: Challenges in D&O Insurance Development - Despite the growing interest, challenges remain in the development of D&O Insurance, including insufficient localization of policy terms, lack of scientific pricing, and a shortage of specialized talent [7]. - The insurance market has historically been slow to adopt D&O Insurance, with many products inadequately tailored to align with domestic legal frameworks, leading to a mismatch between coverage and actual needs [7]. - The current lack of a comprehensive legal framework for executive liability in China adds uncertainty to the insurance companies' compensation responsibilities [7]. Group 4: Claims and Risk Management - There has been a noticeable increase in claims related to D&O Insurance, with several significant payouts reported in recent quarters, totaling over 8 million yuan [8]. - To address the rising claims, insurance companies need to enhance their risk assessment and management practices, ensuring that policy terms align with the actual risks faced by insured companies [8]. - Strengthening risk warning systems and improving information sharing within the industry are essential for enhancing pricing capabilities and risk management [8].

Fundraising Overview - The company raised a total of RMB 578.71 million through the issuance of 24,438,597 shares at a price of RMB 23.68 per share, with a net amount of RMB 506.20 million after deducting issuance costs [1][2][3] - As of December 31, 2024, the company had utilized RMB 110.12 million of the raised funds, leaving a balance of RMB 226.97 million [2][5] Fund Management - The company established a dedicated fund management system in compliance with relevant laws and regulations, including the establishment of special bank accounts for fundraising [3][4] - The company signed tripartite and quadripartite supervision agreements with banks and underwriters to ensure proper management and usage of the funds [3][4] Fund Usage - The company did not engage in any pre-investment or replacement of raised funds during the reporting period [6][13] - There were no instances of using idle funds to temporarily supplement working capital or for cash management during the reporting period, except for planned cash management activities approved by the board [7][8][9] Project Updates - The company approved the extension of the project timelines for certain fundraising projects, including the "Lithium Battery Intelligent Key Equipment Manufacturing Project" and "Huizhou Xinyuren High-end Intelligent Equipment Manufacturing Expansion Project," to 2025 [12][14] Compliance and Audit - The company received a positive verification report from its accounting firm, confirming that the fundraising report was prepared in accordance with regulatory requirements and accurately reflects the fundraising and usage situation [16] - The company has established a management system for the use of raised funds and has rectified any identified issues promptly, ensuring compliance with relevant agreements and regulations [15][16] Future Plans - The company plans to hold an annual shareholders' meeting to discuss various matters, including the approval of the 2025 budget and the proposed purchase of liability insurance for directors and senior management [49][71]