Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No clear core viewpoints are presented in the given content. The report mainly provides data on asphalt futures and spot markets. 3. Summary by Related Catalogs Futures Contract Prices - The prices of various asphalt futures contracts (BU主力合约, BU06, BU09, etc.) showed different degrees of change on August 6th compared to the previous day and week. For example, the BU主力合约 price was 3529, with a daily change of -15 and a weekly change of -90 [2][4]. Trading Volume and Open Interest - The trading volume on August 6th was 219,521, a decrease of 66,617 from the previous day and 107,608 from the previous week. The open interest was 455,367, a decrease of 8,506 from the previous day but an increase of 10,318 from the previous week [4]. Spot Market Prices - The low - end prices in different regional spot markets (Shandong, East China, South China, etc.) also changed. For instance, the low - end price in the Shandong market was 3,530, a daily decrease of 40 and a weekly decrease of 50 [4]. Basis and Spread - Basis values in different regions (Shandong, East China, South China) and spread values between different contract months (03 - 06, 06 - 09, etc.) had various changes. For example, the East China basis was 121, a daily decrease of 5 and a weekly increase of 70 [4]. Crack Spread and Profit - The asphalt Brent crack spread was -17 on August 6th, with a daily increase of 19 and a weekly increase of 240. The ordinary refinery comprehensive profit was 427, a daily increase of 34 and a weekly increase of 177 [4].

成品油是指由原油加工提炼后符合国家产品质量标准的石油产品，主要包括汽油、煤油、柴油及乙醇汽油、生物柴油等替代燃料。成品油是关系国计民生的 基础性和战略性资源。当前，我国成品油流通行业正处于高质量发展的关键节点。 商务部消费促进司相关负责人表示，近年来，随着我国经济社会发展，国内成品油市场出现了一些新情况新问题，对行业管理提出了新要求。 红星资本局8月6日消息，近日商务部印发了《成品油流通管理办法》（以下简称《办法》），完善成品油流通管理体制机制，新《办法》将于9月1日起实 施。 例如，企业以欺骗、贿赂等不正当手段取得成品油零售经营资格许可的，作出许可决定的市级政府指定部门或者其上级行政机关应当撤销其成品油零售经营 资格许可，并给予警告、通报批评或处10万元以下罚款；该企业在三年内不得再次申请成品油零售经营资格许可。 北京科技大学文法学院副教授，法学博士曹冬媛告诉红星资本局，此处的"撤销"属于行政许可的纠错机制，既包括行政机关自身违法导致的撤销，也包括企 业违法取得许可的撤销。对"欺骗、贿赂"行为设定更高罚款（10万元）和更长禁入期（3年），体现了对严重违法失信行为的严厉打击。 新《办法》中还提到了经营环节的违 ...

General Overview - The company establishes a Strategic and Sustainable Development Committee to enhance core competitiveness and improve decision-making processes [1][2] Committee Composition - The committee consists of at least three directors, including at least one independent director [2] - The chairman of the board serves as the committee's chairperson [2] Responsibilities and Authority - The committee is responsible for researching and proposing suggestions on the company's long-term strategic planning and operational strategies, including product, market, marketing, R&D, and talent strategies [2] - It also reviews major capital operations and investment projects requiring approval from the shareholders' meeting or board of directors [2] - The committee addresses significant matters affecting the company's development and provides guidance on sustainable development strategies and ESG policies [2] Work Procedures - The board office is responsible for coordinating the committee's daily operations and preparing necessary materials for meetings [2][3] - Meetings can be called by the chairman, general manager, or a majority of committee members [3][4] Meeting Rules - Meetings require the presence of more than half of the committee members to be valid, and decisions must be approved by a majority [4][5] - The committee can invite other directors, management personnel, and external experts to attend meetings if necessary [4][5] Documentation and Confidentiality - Meeting resolutions and voting results must be documented and reported to the board [5] - All attendees are bound by confidentiality regarding the matters discussed in meetings [5] Implementation and Amendments - The rules take effect upon approval by the board and are subject to amendments based on national laws and regulations [5]

Core Points - The article outlines the implementation details of the Compensation and Assessment Committee of Hengli Petrochemical Co., Ltd. for the year 2025, aiming to enhance the governance structure and management of compensation for directors and senior management [1][8] - The committee is established as a specialized working body under the board of directors, responsible for overseeing the compensation and performance evaluation of directors and senior management [2][3] Chapter Summaries Chapter 1: General Principles - The committee is created to improve the compensation management system for directors and senior management, in accordance with relevant laws and regulations [1] - The committee is accountable to the board of directors [1] Chapter 2: Composition - The committee must consist of at least three directors, with independent directors holding a majority and serving as the convener [2] - The committee's members are nominated by the chairman or a majority of independent directors and elected by the board [2] Chapter 3: Responsibilities and Authority - The committee's main responsibilities include formulating compensation plans based on the roles and responsibilities of directors and senior management, reviewing their performance, and supervising the execution of compensation policies [3] - The committee has the authority to veto any compensation plans that may harm shareholder interests [3] Chapter 4: Work Procedures - The board office is responsible for coordinating the committee's daily operations and preparing necessary materials for meetings [4] - The evaluation process for directors and senior management includes self-assessments and performance evaluations based on established criteria [5] Chapter 5: Meeting Rules - The committee meetings can be convened at any time by the chairman, general manager, or a majority of committee members [6] - Meetings require a quorum of more than half of the members and decisions are made by majority vote [6][7] Chapter 6: Supplementary Provisions - The rules take effect upon approval by the board and any unresolved matters will be governed by relevant laws and the company's articles of association [8]

General Principles - The company establishes an association transaction management system to regulate its association transaction behavior in accordance with relevant laws and regulations [1][2] - The basic principles for association transactions include honesty, equality, voluntary nature, fairness, and protection of the legitimate interests of the company and non-associated shareholders [1] Definition of Associated Persons and Transactions - Associated persons include both legal entities and natural persons that have a special relationship with the company [3][4] - The company defines associated transactions as resource or obligation transfers between the company, its subsidiaries, and associated persons, including asset purchases, financial support, and management services [3][5] Approval Procedures and Disclosure - Transactions exceeding certain thresholds must be submitted to the board of directors for review and timely disclosure [3][4] - Specific thresholds include transactions over 300,000 yuan with associated natural persons and over 3 million yuan with associated legal entities, which also must exceed 0.5% of the company's latest audited net assets [3][4] Independent Director Involvement - Independent directors must review proposed associated transactions, and their approval is required before submission to the board [4][6] - Associated directors must abstain from voting on transactions to ensure impartiality [4][6] Financial Assistance and Guarantees - The company is prohibited from providing financial assistance to associated persons, with exceptions for non-controlling associated companies under certain conditions [6][7] - Guarantees provided to associated persons must also undergo rigorous approval processes involving independent directors and shareholder meetings [7][8] Reporting and Maintenance of Associated Persons - The company must maintain an updated list of associated persons and ensure timely reporting of any changes in relationships [10][11] - Associated natural persons must disclose their identities and relationships with the company [10] Prevention of Fund Misappropriation - The company must implement measures to prevent associated persons from misappropriating company funds or assets [11][12] - Any violations of the association transaction management system may result in disciplinary actions against responsible individuals [12]

恒力石化股份有限公司 对外担保管理制度（2025 年修订） 第一章 总则 第一条 为加强恒力石化股份有限公司（以下简称"公司"或"本公司"）对外 担保行为的管理，控制和降低担保风险，保障公司资产安全，依据《中华人民共和国 民法典》 《中华人民共和国公司法》 《上市公司监管指引第 8 号——上市公司资金往来、 对外担保的监管要求》 （以下简称"公司章程"）的有关规定，结合公 司实际情况，特制订本制度。 第二条 公司应依法行使股东职权，促使公司的全资子公司、控股子公司（以下 合称"子公司"）参照本制度的有关规定规范其对外担保。 《上海证券交易所股票上市规则》 （以下简称"《上市规则》"） 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律法规、规范性 文件及《恒力石化股份有限公司章程》 第三条 本制度所称对外担保包括但不限于公司或子公司以自有资产和/或信用 为其他单位和个人提供的保证、资产抵押、质押以及其他担保事宜。具体种类包括但 不限于银行贷款、信用证开证、银行承兑汇票、保函担保、外汇及商品等衍生交易、 履约担保、银行资产池业务等多种担保方式。 公司及其控股子公司的对外担保总额，是指包括公司对控 ...

第一条 为进一步完善恒力石化股份有限公司（以下简称"公司"）的法人治理 结构，规范独立董事行为，充分发挥独立董事在公司治理中的作用，强化对内部董 事及管理层的约束和监督机制，保护中小股东及利益相关者的权益，促进公司规范 运作，根据中国证券监督管理委员会（以下简称"中国证监会"）发布的《上市公 司治理准则》《上市公司独立董事管理办法》（以下简称"《管理办法》"）、上 海证券交易所（以下简称"上交所"）发布的《上海证券交易所上市公司自律监管 指引第1号——规范运作》等有关法律、法规、规范性文件和《恒力石化股份有限公 司章程》（以下简称"公司章程"）的要求，特制订本制度。 恒力石化股份有限公司 独立董事工作制度（2025 年修订） 第一章 总则 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主要股 东、实际控制人不存在直接或间接利害关系，或者其他可能影响其进行独立客观判 断关系的董事。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、行政 法规、部门规章等相关规定和公司章程的要求，认真履行职责，在董事会中发挥参 与决策、监督制衡、专业咨询作用，维护公司整体利益，保护中小股东的合法 ...

Core Points - The article outlines the revised rules for the board of directors of Hengli Petrochemical Co., Ltd. to enhance governance and decision-making processes [2][19] - The board consists of 8 directors, including 3 independent directors, and is responsible for managing the company's assets and making key operational decisions [3][4] - Various specialized committees are established under the board to provide advice on significant decisions, with independent directors holding a majority in key committees [3][4] Governance Structure - The board is a permanent authority representing the shareholders and is responsible for the company's management and operational decisions [2][3] - The board has the authority to convene shareholder meetings, execute resolutions, and determine the company's operational plans and investment strategies [4][5] - The board's decision-making powers include approving significant investments, asset acquisitions, and financial strategies, with specific limits on investment amounts relative to the company's net assets [5][6] Meeting Procedures - The board meetings are categorized into regular and temporary meetings, with specific notice periods required for each type [8][9] - A quorum for board meetings requires the presence of more than half of the directors, and decisions are made based on majority votes [17][25] - Detailed records of meetings, including attendance, discussions, and resolutions, must be maintained for transparency and accountability [30][34] Decision-Making Authority - The board has defined limits on investment and financial decisions, requiring shareholder approval for transactions exceeding certain thresholds [5][6][7] - Independent directors play a crucial role in overseeing related party transactions and ensuring compliance with governance standards [6][7] - The board must adhere to the company's articles of association and relevant laws when making decisions, ensuring that all actions are within authorized limits [26][27] Documentation and Compliance - All board meeting records and decisions must be documented and stored for a minimum of 10 years, ensuring compliance with regulatory requirements [35][36] - The board secretary is responsible for managing documentation and ensuring confidentiality regarding board resolutions prior to public disclosure [33][34] - Any amendments to the rules must be approved by the shareholders and comply with existing laws and regulations [19][36]

恒力石化股份有限公司 董事会审计委员会实施细则（2025 年修订） 第一章 总则 第一条 为提高恒力石化股份有限公司（以下简称"公司"）治理水平，强化 董事会决策功能，规范董事会决策机制，确保董事会对管理层的有效监督，完善 公司治理结构，根据《中华人民共和国公司法》 （以下简称" $$\langle\langle\lambda\langle\overline{{{\Xi}}}|\rangle\langle\pm\rangle\;\;"\rangle\;\;\rangle$$ $$\langle\perp\!\!\!\perp\!\!\!\perp\!\!\!\!\perp\!\!\!\!\perp\!\!\!\!\perp$$ 《上市公司独立董事管理办法》 《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》 《恒力石化股份有限公司章程》 （以下简称"公司章 程"）及其他有关规定，公司特设立董事会审计委员会（以下简称"审计委员会"）， 并制订本细则。 公司治理准则》 第二条 董事会审计委员会是董事会设立的专门工作机构，主要负责审核公 司财务信息及其披露、监督及评估内外部审计工作和内部控制，行使《公司 ...

证券日报网讯博汇股份（300839）8月5日在互动平台回答投资者提问时表示，公司油品市场AI系统通 过整合各项技术优势以追求最佳效果和迭代能力，提高公司运营效率和决策水平。 ...