Group 1 - Anhui Wanwei Xingye Material Co., Ltd. has been established with a registered capital of 28 million yuan [1] - The company's business scope includes the sale of non-ferrous metal alloys, non-metallic minerals and products, as well as the operation of wires and cables [1] - Wanwei High-tech holds 100% ownership of the newly established company [1]

General Provisions - The system is established to regulate the departure of directors and senior management of Ningbo Bowei Alloy Materials Co., Ltd., ensuring stable governance and protecting the legal rights of the company and its shareholders [1][2] - This system applies to situations where directors and senior management leave due to term expiration, resignation, dismissal, or other reasons [1] Departure Circumstances and Procedures - Directors and senior management can resign before their term expires by submitting a written resignation report, which must state the reason for resignation. The resignation takes effect on the day the company receives the report, and the company must disclose the situation within 2 trading days [3][4] - If certain conditions are met, original directors must continue to perform their duties until newly elected directors take office [3][4] Replacement and Ineligibility - The company must complete the election of new directors within 60 days of a resignation to ensure compliance with legal and regulatory requirements [2] - Individuals with specific disqualifications, such as criminal convictions or bankruptcy responsibilities, cannot serve as directors or senior management [2] Responsibilities and Obligations After Departure - Departing directors and senior management must complete work handover within 5 working days after resignation and fulfill any public commitments made during their tenure [4][5] - They are required to maintain confidentiality regarding company trade secrets even after leaving, and their obligations of loyalty continue for 2 years post-resignation [5] Legal and Regulatory Compliance - The system is subject to relevant laws, regulations, and the company's articles of association, and any conflicts with future regulations will be resolved in favor of the new laws [6]

Core Viewpoint - Lizhong Alloys Sitong Light Group Co., Ltd. has successfully issued convertible bonds totaling RMB 899.8 million, with the funds intended for specific projects, including the production of ultra-lightweight aluminum alloy wheels in Mexico and the establishment of a research center for high-conductivity materials [3][19]. Section 1: Bond Overview - The bond issuance plan was approved by the company's board and shareholders in 2022, with subsequent adjustments made in 2023 [2][3]. - The China Securities Regulatory Commission approved the registration of the bond issuance, allowing the company to issue 8,998,000 convertible bonds at a face value of RMB 100 each [3][4]. - The total amount raised from the bond issuance was RMB 899.8 million, with a net amount of RMB 888.26 million after deducting issuance costs [3][19]. Section 2: Key Terms of the Bonds - The bonds have a six-year term, with an annual interest rate that increases from 0.30% in the first year to 2.50% in the sixth year [4][5]. - Interest payments will be made annually, and the principal will be repaid at maturity [4][5]. - The initial conversion price is set at RMB 23.57 per share, with a current conversion price of RMB 18.66 effective from June 23, 2025 [5][6]. Section 3: Financial Performance - For the year 2024, the company reported a total revenue of RMB 2,724.64 million, a 16.61% increase year-on-year, and a net profit attributable to shareholders of RMB 707.12 million, up 16.77% [19]. - The company’s basic earnings per share increased by 15.46% to RMB 1.12, while the diluted earnings per share rose by 13.54% to RMB 1.09 [19]. Section 4: Use of Proceeds - The proceeds from the bond issuance will be allocated to specific projects, including the production of aluminum alloy wheels and the development of high-conductivity materials [19][20]. - The total investment for these projects exceeds the amount raised from the bond issuance, with the company planning to cover the shortfall through self-funding [20][21]. Section 5: Management of Funds - The company has established a special account for the management of the raised funds, ensuring that they are used in accordance with regulatory requirements [20][21]. - As of December 31, 2024, the company had not yet utilized the entirety of the raised funds, which remain in the designated special account [22].

Core Viewpoint - Tian Gong Co., Ltd. (920068.BJ) has been listed on the Beijing Stock Exchange, focusing on the research, production, and sales of titanium and titanium alloy materials, with applications in various industries including chemicals and consumer electronics [1][3]. Company Overview - Tian Gong Co., Ltd. is recognized as a national-level specialized and innovative "little giant" enterprise and a high-tech enterprise [1]. - The company has a current annual production capacity of 7,000 tons of titanium materials, covering major product categories such as plates, pipes, and wires [4]. Financial Information - The initial offering price was set at 3.94 yuan per share, with a projected market capitalization in the billions [3]. - The company has a historical net profit of 12.0 billion yuan in 2021, with significant growth rates projected for 2022 and 2023 [3]. - The company plans to invest 400 million yuan, representing 100% of the raised funds, into the construction of a production line for high-end titanium and titanium alloy rods and wires [3]. Business Partnerships - Tian Gong has established a deep collaboration with Changzhou Soloman, a supplier in Apple's supply chain, which has become the company's largest customer since November 2022 [4]. - Sales to Changzhou Soloman and its affiliates are expected to reach 575 million yuan in 2024, a fivefold increase compared to 2022, with revenue contribution rising from 27.88% to 71.72% [4]. Research and Development - The company is actively developing products for aerospace and medical applications, with ongoing projects including titanium and titanium alloy fasteners for commercial aerospace and high-precision medical implants [4]. - As of December 31, 2024, the company holds 51 patents, including 14 invention patents [4].