Core Viewpoint - The document outlines the management system for the shares held by shareholders, directors, and senior management of Wuxi Delinhai Environmental Technology Co., Ltd, emphasizing compliance with relevant laws and regulations regarding shareholding and trading activities [1][2][3]. Summary by Sections General Principles - The management system is established to enhance the management of shares held by shareholders, directors, and senior management in accordance with the Company Law and Securities Law of the People's Republic of China [1][2]. - The system applies to shares registered under the names of shareholders, directors, and senior management, including those held in multiple accounts [2][3]. Shareholder Share Change Rules - Major shareholders are prohibited from reducing their holdings under specific circumstances, such as being under investigation for securities violations or having received administrative penalties [5][6]. - The system specifies that major shareholders and actual controllers cannot reduce their holdings if the company is under investigation or has been publicly reprimanded [5][6][8]. Director and Senior Management Share Change Rules - Directors and senior management are restricted from reducing their holdings under certain conditions, including leaving the company within six months or being involved in securities violations [15][16]. - There are specific periods during which directors and senior management cannot trade shares, particularly around the announcement of financial reports [16][17]. Reporting and Disclosure Requirements - Directors and senior management must notify the company of their trading plans in writing and cannot proceed without feedback from the company secretary [12][13]. - Any shareholding changes must be reported to the stock exchange within two trading days [13][14]. Responsibilities and Penalties - The document outlines the responsibilities of directors and senior management to prevent insider trading and the consequences of violating trading regulations [30][31]. - Violations may result in penalties ranging from warnings to legal action, depending on the severity of the breach [31][32].

Core Viewpoint - The nomination of Mr. Ji Runzhi as an independent director candidate for the fourth board of Wuxi Delinhai Environmental Protection Technology Co., Ltd. has been made, emphasizing his qualifications and independence [1][4]. Summary by Relevant Sections Nomination and Qualifications - Mr. Ji Runzhi has been nominated as an independent director candidate and has agreed to the nomination, demonstrating a thorough understanding of his professional background and qualifications [1]. - The nominee possesses basic knowledge of listed company operations and has over five years of relevant work experience in law, economics, accounting, finance, or management [1]. Compliance with Regulations - The nominee meets the requirements set forth by various laws and regulations, including the Company Law of the People's Republic of China and the Management Measures for Independent Directors of Listed Companies by the China Securities Regulatory Commission [1][2]. Independence Criteria - The nominee is independent and does not fall under any disqualifying conditions, such as holding significant shares in the company or having close relationships with major stakeholders [2][3]. - The nominee has not been subject to any administrative or criminal penalties by the China Securities Regulatory Commission in the last 36 months [3]. Additional Conditions - The nominee has not served as an independent director in more than three domestic listed companies concurrently and has not served in Wuxi Delinhai Environmental Protection Technology Co., Ltd. for more than six years [4]. - The nominee has passed the qualification review by the nomination committee of the company's third board and has no conflicts of interest that could affect his independent performance [4].

General Principles - The rules aim to improve the governance structure of Wuxi Delinhai Environmental Technology Co., Ltd. and standardize the decision-making process of the board of directors [1] - The board of directors is responsible for managing the company's assets and is the decision-making body for the company [1] Powers of the Board - The board has various powers including convening shareholder meetings, executing resolutions, deciding on business plans, and formulating profit distribution plans [1] - The board is also responsible for major corporate actions such as capital changes, mergers, and internal management structure [1] Board Meetings - Board meetings can be regular or temporary, with at least two meetings held annually [2] - The board must convene a temporary meeting under specific circumstances, such as proposing amendments to the articles of association or managing information disclosure [2][4] Meeting Notifications - Notifications for regular and temporary meetings must be sent out at least ten days and three days in advance, respectively [5] - In urgent situations, temporary meetings can be called without the usual notice period if all directors agree [5] Attendance and Voting - A quorum requires more than half of the directors to be present for a meeting to be valid [7] - Directors must attend personally or delegate their voting rights through a written proxy [8] Meeting Procedures - Meetings are primarily held in person, but can also be conducted via video or phone under certain conditions [9] - Proposals not included in the meeting notice cannot be voted on unless all attending directors agree [10] Decision-Making - Decisions require a majority vote from the attending directors, with specific rules for certain types of resolutions [12] - In cases of conflict of interest, affected directors must abstain from voting [46][47] Record Keeping - The board secretary is responsible for maintaining detailed records of meetings, including attendance, agenda, and voting results [51][52] - Meeting records must be signed by attending directors, and any dissenting opinions should be documented [53] Implementation of Resolutions - Directors are accountable for the board's resolutions, and those who dissent but record their objections may be exempt from liability [18]

Core Points - The document outlines the compensation management system for the board of directors and senior management of Wuxi Delinhai Environmental Technology Co., Ltd, aiming to establish an effective incentive and restraint mechanism to enhance work motivation and management efficiency [1][2]. Chapter Summaries Chapter 1: General Principles - The compensation for directors and senior management is based on the company's operational and management performance, integrating the completion of operational plans, responsibilities, and personal development [1]. - The principles of compensation distribution include transparency, alignment with company performance, long-term interests, and matching responsibilities with rights and benefits [1]. Chapter 2: Management Structure - The Compensation and Assessment Committee of the board is responsible for evaluating directors and senior management and initially determining compensation plans [2]. - Compensation plans for directors require board approval and must be submitted to the shareholders' meeting for review, while senior management's annual compensation plans are submitted to the board for approval [2]. Chapter 3: Compensation Composition and Standards - Independent directors receive a fixed monthly allowance approved by the shareholders' meeting, with no additional compensation or benefits [3]. - Non-independent directors receive compensation based on their other roles within the company, while senior management's compensation consists of a base salary, performance-based pay, and other benefits [3]. Chapter 4: Compensation Adjustment - The compensation system for directors and senior management should align with the company's strategic development and adjust according to changes in operational conditions [4]. - Factors influencing compensation adjustments include profitability, operational scale, personal role changes, organizational structure adjustments, industry salary trends, and inflation [4]. Chapter 5: Compensation Distribution - Independent directors' allowances are paid monthly, while the timing and method of payment for senior management and directors are determined by the company's payroll system [5]. - Compensation is calculated on a pre-tax basis, with deductions for personal income tax and social insurance [5]. - In cases of resignation or changes in position, compensation is calculated based on actual tenure and performance [5]. Chapter 6: Supplementary Provisions - Any matters not covered by this system will follow national laws, regulations, and the company's articles of association [6]. - The board of directors is responsible for interpreting this system, which takes effect upon approval by the shareholders' meeting [7].

General Information - Wuxi Delinhai Environmental Protection Technology Co., Ltd. was established as a joint-stock company in accordance with the Company Law and other relevant regulations [2][3] - The company was formed by the overall change of Wuxi Delinhai Algae Water Separation Technology Development Co., Ltd., inheriting all rights and obligations [2] - The company obtained approval from the China Securities Regulatory Commission for public stock issuance on July 1, 2020, and listed on the Shanghai Stock Exchange on July 22, 2020, with an initial public offering of 14.87 million shares [2][3] Company Structure - The registered capital of the company is RMB 113 million [3] - The company is a permanent joint-stock company, with the chairman serving as the legal representative [3] - The legal representative's civil activities conducted in the name of the company will have legal consequences borne by the company [3] Business Objectives and Scope - The company's business objective is to operate independently under national macro-control, focusing on technological advancement to develop high-tech, high-quality products, enhancing economic and social benefits [4] - The business scope includes blue-green algae treatment technology integration, environmental protection equipment R&D, water pollution control, and various environmental consulting services [4][5] Share Issuance and Management - The company issues shares in the form of stocks, adhering to principles of openness, fairness, and justice [6] - The total number of shares issued at the establishment was 20 million, with a par value of RMB 1 per share [6] - The company has issued a total of 113 million shares, all of which are ordinary shares [6][7] Shareholder Rights and Responsibilities - Shareholders have rights proportional to their shareholdings, including profit distribution, voting rights, and the right to request meetings [14][15] - Shareholders are obligated to comply with laws and the company’s articles of association, and they cannot withdraw their capital except as legally permitted [42][43] Governance and Decision-Making - The company’s board of directors is responsible for convening shareholder meetings and making significant decisions, including capital increases, profit distribution, and major asset transactions [47][48] - Shareholder meetings can be called by the board or by shareholders holding more than 10% of the shares [25][26] Financial Management - The company must seek shareholder approval for external guarantees exceeding 10% of the latest audited net assets [48][49] - Financial assistance provided by the company must also be approved by the board and shareholders if it exceeds certain thresholds [49]

Core Viewpoint - The document outlines the information disclosure management system of Wuxi Delinhai Environmental Protection Technology Co., Ltd, emphasizing the importance of timely, accurate, and complete information disclosure to protect the rights of investors and stakeholders [1][2]. Group 1: General Principles - The purpose of the information disclosure management system is to regulate the disclosure behavior of the company and its information disclosure obligors, ensuring compliance with relevant laws and regulations [1]. - Information disclosure is defined as the act of publicly announcing information that may significantly impact the trading price of the company's stocks and derivatives within a specified timeframe [1][2]. - Information disclosure obligors include the company, its directors, senior management, core technical personnel, shareholders, actual controllers, and other relevant parties [1]. Group 2: Disclosure Obligations - Information disclosure obligors must fulfill their disclosure obligations in a timely manner, ensuring that the information is true, accurate, complete, and clear [2]. - Insider information must not be disclosed or leaked before it is legally disclosed, and no one is allowed to use such information for insider trading [2]. - All investors must have equal access to significant information, and private disclosures to specific individuals are prohibited [2][3]. Group 3: Disclosure Content and Standards - The company must disclose periodic reports, including annual, semi-annual, and quarterly reports, within specified timeframes [4][5]. - The content of periodic reports must be approved by the board of directors and audited by a qualified accounting firm [5][6]. - The company must issue performance forecasts if it anticipates significant changes in operating performance [6][8]. Group 4: Management of Disclosure Affairs - The board of directors is responsible for overseeing the information disclosure work, with the board secretary acting as the direct responsible person [19][20]. - The securities department is the permanent institution responsible for handling information disclosure affairs [20][21]. - The company must establish effective mechanisms to ensure that the board secretary is promptly informed of significant information [20][21]. Group 5: Confidentiality Measures - Information insiders are required to maintain confidentiality regarding undisclosed information and are prohibited from trading based on such information [23][24]. - The company must implement confidentiality agreements with information insiders to prevent unauthorized disclosure [23][24]. - In the event of a leak or abnormal trading, the company must take immediate measures to disclose relevant information [24][25]. Group 6: Accountability and Penalties - Directors and senior management are responsible for the truthfulness, accuracy, completeness, and timeliness of information disclosures [26][27]. - Serious violations of disclosure obligations may result in penalties, including dismissal and legal consequences [27]. - The audit committee is tasked with supervising the implementation of the information disclosure management system [27].

Group 1 - The company held its 26th meeting of the third board of directors on July 18, 2025, with 7 directors present, complying with relevant laws and regulations [1][2] - The board approved the proposal for the election of the fourth board of directors, nominating four candidates for non-independent directors, with a term of three years starting from the shareholders' meeting approval [1][2] - The board also approved the nomination of three independent director candidates, including a professional accountant, which will be submitted for shareholder approval [2][3] Group 2 - The company proposed a 2025 restricted stock incentive plan to attract and retain talent, aligning the interests of shareholders, the company, and core team members [3][4] - The board approved the management measures for the implementation of the 2025 restricted stock incentive plan, ensuring alignment with the company's strategic goals [4][5] - The board requested authorization from the shareholders' meeting to handle various matters related to the restricted stock incentive plan [5][6] Group 3 - The company decided to cancel the supervisory board and amend its articles of association, transferring the supervisory responsibilities to the audit committee of the board [8][9] - The board proposed to hold the first extraordinary shareholders' meeting of 2025 on August 6, 2025, using a combination of on-site and online voting [9][11]

Core Points - Jiangsu Jingyuan Environmental Protection Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to stock prices exceeding 130% of the conversion price for a specified period [1][5] - The company decided not to exercise the early redemption rights for the convertible bonds during the board meeting held on July 18, 2025, citing confidence in future development and market conditions [1][5] Summary by Sections Conditional Redemption Trigger - From June 28, 2025, to July 14, 2025, the stock price closed above 130% of the conversion price (12.727 CNY/share) for 11 trading days [1][5] - From July 15, 2025, to July 18, 2025, the stock price closed above 130% of the conversion price (8.983 CNY/share) for 4 trading days [1][5] - The stock met the requirement of having at least 15 trading days out of 30 with closing prices above the specified threshold [1][5] Convertible Bond Issuance Overview - The company issued 3.325 million convertible bonds on August 5, 2022, with a face value of 33.25 million CNY, and they began trading on August 25, 2022 [2] - The initial conversion price was set at 13.93 CNY/share, effective from February 13, 2023 [2] Conversion Price Adjustments - The conversion price was adjusted from 13.90 CNY/share to 9.82 CNY/share on June 9, 2023, due to the company's annual equity distribution [3] - Following the completion of the second vesting period of the stock incentive plan on February 21, 2024, the conversion price was further adjusted to 9.79 CNY/share [4] Decision on Early Redemption - The board of directors resolved not to redeem the convertible bonds early based on the company's confidence in its future prospects and current market conditions [5] - The company will not propose a conditional redemption plan if the bonds trigger the redemption clause again within the next three months [2][5] Shareholder Transactions - There have been no transactions involving the convertible bonds by major shareholders or executives in the six months leading up to the redemption condition [6]

Core Points - The announcement details a change in the equity stake of a major shareholder, Zhang Jingsheng, whose holding decreased from 5.51% to 4.98% due to passive dilution from the conversion of convertible bonds [1][2] - The total share capital of the company increased from 152,364,400 shares to 236,037,460 shares as a result of the conversion and subsequent equity distribution [1][4] - Zhang Jingsheng's shareholding increased in absolute terms from 8,400,000 shares to 11,760,000 shares, but the percentage ownership remained unchanged at 5.06% until the total share capital increase [1][3] Summary of Changes - Before the equity change, Zhang Jingsheng held 840,000 shares, representing 5.51% of the total shares [3] - After the conversion of bonds, his holding was diluted to 4.98% with a total of 1,176,000 shares [2][3] - The company completed its 2024 annual equity distribution on July 15, 2025, which further increased the total share capital [1][4]

Summary of Key Points Core Viewpoint - The company has decided not to exercise the early redemption rights of the "Jingyuan Convertible Bonds" based on confidence in its future development and current market conditions, as approved by the board of directors [6][7]. Group 1: Convertible Bond Issuance and Details - The company issued 3.325 million convertible bonds on August 5, 2022, with a term of 6 years and a face value of 100 yuan each, approved by the China Securities Regulatory Commission [1]. - The bonds are listed on the Shanghai Stock Exchange under the name "Jingyuan Convertible Bonds" with the code "118016" [2]. - The initial conversion price was set at 13.93 yuan per share, effective from February 13, 2023 [2]. Group 2: Conversion Price Adjustments - The conversion price was adjusted from 13.90 yuan to 9.82 yuan per share on June 9, 2023, due to the completion of the first vesting period of the 2021 restricted stock incentive plan [2]. - Following further adjustments, the conversion price will be set at 9.79 yuan per share starting February 21, 2024, after the completion of additional vesting procedures [3]. Group 3: Redemption Terms and Conditions - The redemption terms state that the company can redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period or if the remaining unconverted bonds are less than 30 million yuan [5]. - As of July 18, 2025, the stock price met the criteria for redemption, with 11 trading days showing a closing price above 12.727 yuan per share [5]. Group 4: Decision Against Early Redemption - The board of directors held a meeting on July 18, 2025, and decided not to exercise the early redemption rights based on the company's confidence in its future prospects and to protect investor interests [6]. - There are no plans for major shareholders or executives to sell "Jingyuan Convertible Bonds" in the six months leading up to the redemption eligibility [6]. Group 5: Compliance and Verification - The underwriting institution confirmed that the decision not to redeem the bonds early complies with relevant regulations and the company's disclosure obligations [6][7].