Meeting Overview - The sixth board of directors of the company held its 17th meeting on September 4, 2025, to approve the proposal for the second extraordinary general meeting of shareholders in 2025 [1] - The meeting is scheduled for September 23, 2025, at 14:30 [1] - Shareholders can vote through both on-site and online methods [1][2] Voting Procedures - Shareholders registered by the equity registration date of September 18, 2025, can attend and vote at the meeting [2] - Voting can be conducted via on-site attendance or through the Shenzhen Stock Exchange's online voting system [1][4] - Each shareholder can only choose one voting method for the same share [2] Agenda Items - The agenda includes proposals for the formulation and revision of certain governance systems, with a total of nine sub-proposals [2] - The proposals are non-cumulative voting proposals [2][9] Registration Process - Legal representatives of corporate shareholders must provide specific documentation for registration [3] - Individual shareholders must present their identification and shareholding proof for registration [3] - Remote shareholders can register via mail or fax [3] Online Voting Instructions - The company will provide a platform for online voting through the Shenzhen Stock Exchange [4] - Detailed procedures for online voting are outlined in the attached documents [4][5]

Core Viewpoint - The document outlines the insider information management and confidentiality system of Zhuhai Hengji Daxin International Chemical Storage Co., Ltd, emphasizing the importance of protecting insider information and ensuring compliance with relevant laws and regulations [1][2]. Group 1: Insider Information Management - The company establishes a system to manage insider information, ensuring confidentiality and proper registration of individuals who have access to such information [1][2]. - The board of directors is responsible for verifying the authenticity and completeness of insider information and maintaining accurate records of individuals with access to this information [1][2]. - Any department or individual within the company is prohibited from disclosing insider information without board approval, except as required by law or with proper authorization [2][3]. Group 2: Scope of Insider Information - Insider information is defined as non-public information that could significantly impact the company's operations, finances, or stock prices [6][7]. - The scope of insider information includes various types of information as specified in the Securities Law and the company's internal reporting system [6][7]. Group 3: Insider Information Recipients - Insider information recipients include company directors, senior management, major shareholders, and other individuals who can access insider information due to their roles or relationships with the company [8][9]. - The company must maintain a detailed record of all individuals who have access to insider information, including their relationship to the company and the nature of the information accessed [10][11]. Group 4: Confidentiality Obligations - Individuals with access to insider information are required to maintain confidentiality and are prohibited from using this information for personal gain or to influence stock trading [8][9]. - The company must implement measures to ensure that insider information is not disclosed before it is publicly announced, including limiting the number of individuals who have access to such information [20][21]. Group 5: Reporting and Compliance - The company is required to report insider information recipients to the Shenzhen Stock Exchange within five trading days after the information is publicly disclosed [12][13]. - Any changes in the status of insider information or the individuals with access to it must be reported promptly to ensure compliance with regulatory requirements [12][13]. Group 6: Accountability and Penalties - The company will impose penalties on individuals who violate confidentiality obligations, which may include disciplinary actions or legal consequences [17][18]. - Regular audits will be conducted to monitor compliance with insider trading regulations, and any violations will be reported to regulatory authorities [17][18].

Group 1 - The company held its 16th meeting of the 6th Board of Directors on August 21, 2025, with all 7 directors present, complying with relevant regulations [1] - The meeting approved the 2025 semi-annual report, with all board members confirming the report's authenticity and completeness [1][2] - The company decided to reappoint Beijing Dehao International Accounting Firm as the auditor for the year 2025, pending shareholder approval [2] Group 2 - The company appointed Liang Zhixing as the new audit head, replacing Xu Haining, who will continue in other roles within the company [2] - Liang Zhixing has a background in auditing and internal control, currently serving as the manager of the audit department [3] - Liang Zhixing does not hold shares in the company and has no conflicts of interest with major shareholders or management [3][4]

Group 1 - The sixth meeting of the supervisory board of Zhuhai Hengji Daxin International Chemical Storage Co., Ltd. was held on August 21, 2025, with all three participating supervisors present [1] - The supervisory board reviewed the 2025 semi-annual report and confirmed that the preparation and review processes complied with relevant laws and regulations, and the report accurately reflects the company's actual situation without any false records or misleading statements [1] - The proposal to appoint the auditing firm for the year 2025 was also reviewed and deemed to have a legal and compliant decision-making process, with no harm to the interests of the company and its shareholders [1] Group 2 - The proposal for the appointment of the auditing firm will be submitted for approval at the company's shareholders' meeting [2] - The decision of the supervisory board is documented in the meeting resolution [2]

Group 1 - The company, Zhuhai Hengji Daxin International Chemical Storage Co., Ltd., held its 15th meeting of the 6th Board of Directors on August 11, 2025, which was convened in accordance with relevant regulations [1][2] - The meeting resulted in a unanimous decision (7 votes in favor, 0 against, 0 abstentions) to approve the proposal for the company to participate in the establishment of an equity investment fund [1] - Further details regarding the investment in the fund will be published on August 13, 2025, in the Securities Times, China Securities Journal, and on the Giant Tide Information Network [1]

Group 1 - The company plans to establish a partnership with Shanghai Guoke Longhui Private Fund Management Co., Ltd. to set up the Hangzhou Guoke Venture Capital Partnership, with a total fund size not exceeding RMB 400 million, and the company intends to contribute up to RMB 200 million, accounting for no more than 50% of the partnership's subscribed capital [1][2] - The investment aims to leverage the management experience and resources of the fund manager and other partners to expand the company's business layout, deepen collaboration with core customers, and enhance profitability and core competitiveness [4][5] - The fund will focus on hard technology sectors such as integrated circuits and artificial intelligence [3] Group 2 - The management fee for the investment period will be calculated at 2% per year based on the total paid-in capital of all partners, while the exit period will incur a management fee of 1% per year [3] - The investment decision-making body will be a committee composed of three members, with two appointed by the executing partner and one by the company [3] - The company will continue to monitor the investment progress and disclose updates in accordance with relevant regulations [4][5]

Core Points - The Zhengzhou Commodity Exchange (ZCE) announced the delivery details for propylene futures, including delivery regions, price differentials, designated quality inspection agencies, and warehouses [1][2] - The delivery regions for propylene futures include Zhejiang, Jiangsu, Shanghai, Shandong, Fujian, Guangdong, Tianjin, Hebei, and Liaoning [1] - The price differentials for the delivery regions are set at 0 CNY/ton for Zhejiang, Jiangsu, Shanghai, and Shandong, while Fujian has a discount of 100 CNY/ton, Tianjin 120 CNY/ton, Hebei 160 CNY/ton, and Liaoning 300 CNY/ton [1] Delivery and Storage Fees - Starting from November 2025, ZCE will commence delivery operations, with storage fees for designated propylene delivery warehouses set at 5 CNY/ton per day and for delivery factory warehouses at 4 CNY/ton per day [2] - The fees for propylene delivery warehouses using truck transport are 20 CNY/ton for inbound and 0 CNY/ton for outbound, while for shipping, the fees are 34 CNY/ton for inbound and 24 CNY/ton for outbound [2] - For factory warehouses using truck transport, the outbound fee is 0 CNY/ton, and for shipping, it is 10 CNY/ton [2] Designated Delivery Entities - ZCE has established two designated delivery warehouses and thirteen designated delivery factory warehouses, located in various provinces including Jiangsu, Fujian, and Shandong [1] - The designated delivery warehouses include Yangzhou Hengji Daxin International Chemical Storage Co., Ltd. and Zhejiang Wucai Chemical Port Storage Co., Ltd. [1] - The list of market makers for propylene options includes twelve companies, such as Dongzheng Runhe Capital Management Co., Ltd. and CITIC Securities Co., Ltd. [2]

Core Viewpoint - ST Shuntian (600287) has successfully removed the risk warning label and will resume trading under the name Jiangsu Shuntian starting July 16, 2024, following a self-assessment confirming compliance with the conditions for removal [1][2]. Group 1: Stock and Trading Information - The stock will be suspended for one day on July 15, 2024, and will resume trading with a change in the daily price fluctuation limit from 5% to 10% [1]. - The company was under risk warning due to an administrative penalty from the China Securities Regulatory Commission, which has now been resolved [1]. Group 2: Financial Adjustments and Liabilities - The company has corrected accounting errors and restated financial reports for the years 2009-2021 and the balance sheets for 2009-2022 and Q3 2023 [1]. - As of the announcement date, the company has recognized a provision for investor claims amounting to 3.77 million yuan, with an estimated liability of 331.20 million yuan recorded in the 2024 annual report [2]. Group 3: Business Segments and Revenue - The company's main business segments include commodity circulation, garment processing, and chemical warehousing, generating revenues of 3.069 billion yuan, 124 million yuan, and 20 million yuan respectively in 2024 [2]. - The gross profit margins for these segments are 14%, 3.56%, and 16.81% respectively, with domestic revenue at 1.203 billion yuan and overseas revenue at 2.009 billion yuan [2]. Group 4: Recent Performance - In Q1 2025, the company reported a revenue of 643 million yuan and a net profit attributable to shareholders of 8.27 million yuan [3].

Core Viewpoint - The company announces that the first employee stock ownership plan will expire on December 30, 2025, and provides details regarding the plan's current status and future arrangements [1][2]. Group 1: Employee Stock Ownership Plan Status - As of the announcement date, the employee stock ownership plan holds shares of the company [2]. - The plan's stock lock-up period was from December 31, 2015, to December 30, 2016 [3]. Group 2: Future Arrangements - The company plans to sell the shares held under the employee stock ownership plan through the stock exchange [2]. - The plan can be extended if two-thirds of the shareholders agree and submit the proposal to the board for approval [3]. Group 3: Plan Changes and Termination - Any changes to the employee stock ownership plan during its duration require approval from two-thirds of the shareholders [3]. - The plan will automatically terminate if a resolution is passed to that effect [3]. Group 4: Ongoing Monitoring - The company will continue to monitor the implementation of the employee stock ownership plan and fulfill its information disclosure obligations as required [3].

Core Viewpoint - The company reported a decline in revenue and net profit for 2024 and Q1 2025, primarily due to decreased demand in the industry leading to lower rental rates [1][2]. Financial Performance - In 2024, the company achieved revenue of 1.45 billion yuan, a year-on-year decrease of 6.3%, and a net profit attributable to shareholders of 160 million yuan, down 47% [1]. - For Q4 2024, revenue was 360 million yuan, a decline of 6.2%, with a net profit of -10 million yuan, representing a 123% decrease [1]. - In Q1 2025, revenue was 320 million yuan, down 15% year-on-year, and net profit was 20 million yuan, a decrease of 65% [1]. Operational Analysis - The decline in revenue is attributed to reduced demand leading to lower rental rates, with the China Chemical Product Price Index (CCPI) averaging 4562 points in 2024, down 2% year-on-year, and 4344 points in Q1 2025, down 6% [2]. - The company's gross profit margin for 2024 was 49.6%, an 8 percentage point decrease, primarily due to lower rental rates [2]. - The company recorded asset impairment losses of 26 million yuan, mainly related to goodwill impairment for subsidiaries [2]. Shareholder Returns - The company announced a profit distribution plan for 2024, proposing a cash dividend of 2.00 yuan per 10 shares, totaling approximately 91.5 million yuan [3]. - The total amount for dividends and share buybacks reached 172 million yuan, exceeding the net profit for 2024 by 8.7% [3]. Profit Forecast and Valuation - Due to weak industry demand, the company has revised its net profit forecasts for 2025 and 2026 to 200 million yuan and 240 million yuan, respectively, down from previous estimates of 310 million yuan and 420 million yuan [4]. - A new net profit forecast of 300 million yuan for 2027 has been introduced, while maintaining a "buy" rating [4].