Core Viewpoint - The company has made progress in the development of ultra-high molecular weight polyethylene fibers for use in robotic tendon materials, achieving a significant milestone with the granting of a patent for a new fiber technology [1] Group 1: Technological Developments - The company has received an invention patent for a technology titled "A Creep-Resistant Ultra-High Molecular Weight Polyethylene Fiber and Its Preparation Method" [1] - The new technology involves innovative fiber surface treatment processes and special weaving structure designs, which effectively optimize the internal stress distribution of the fibers [1] - This advancement significantly enhances the material's resistance to deformation under long-term stress, improving the stability and lifespan of tendon products [1] Group 2: Market Engagement - The company has engaged in multiple rounds of sample communications with several robotic enterprises regarding the developed tendon products [1] - A regular technical communication mechanism has been established with relevant companies to facilitate ongoing collaboration [1] - Currently, the business is still in the continuous development and optimization phase, and no commercial orders have been formed yet [1] Group 3: Future Outlook - The company will promptly announce any new technological breakthroughs or application expansions in accordance with information disclosure requirements [1]

Group 1 - The company has made significant progress in the development of tendon ropes for robotic dexterous hands, with multiple test samples achieving expected key technical indicators [1][2] - The company’s subsidiary, Hengshang Materials, is operating at full capacity with 3,000 tons of ultra-high molecular weight polyethylene fiber, which is crucial for the company's strategic layout in various industries [2][3] - The company has received an invention patent for a new type of ultra-high molecular weight polyethylene fiber that enhances material stability, strengthening its competitive edge in the high-end fiber sector [3] Group 2 - The company is actively engaging in technical exchanges and sample testing with multiple robotics enterprises, with positive feedback from some clients leading to further feasibility assessments for collaboration [2][3] - The company reported that its production and operational status for security gloves is stable, with current orders meeting expectations despite some negative impacts from U.S. tariffs [3][4] - To mitigate uncertainties from tariff policies, the company is accelerating the construction of its factory in Vietnam and diversifying its market strategy, achieving significant breakthroughs in emerging markets [4]

德恒上海律师事务所 关于江苏恒辉安防股份有限公司 法律意见 德恒 02G20210303 号 德恒上海律师事务所 关于江苏恒辉安防股份有限公司 法律意见 上海市虹口区东大名路 501 号上海白玉兰广场 23 层 电话：021-55989888/ 9666 传真：021-55989898 邮编：200080 德恒上海律师事务所 关于江苏恒辉安防股份有限公司 致：江苏恒辉安防股份有限公司 江苏恒辉安防股份有限公司（以下简称"公司"）2024 年年度股东大会（以 下简称"本次会议"）于 2025 年 5 月 13 日（星期二）召开。德恒上海律师事务 所（以下简称"德恒"或"本所"）受公司委托，指派刘桢一律师、王诗杰律师 （以下简称"德恒律师"）出席了本次会议。根据《中华人民共和国证券法》（以 下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、 中国证券监督管理委员会《上市公司股东会规则》 （以下简称"《股东会规则》"）、 《江苏恒辉安防股份有限公司章程》（以下简称"《公司章程》"）的规定，德 恒律师就本次会议的召集、召开程序、现场出席会议人员资格、表决程序等相关 事项进行见证，并发表法律意 ...

Group 1: Company Overview - Jiangsu Henghui Security Co., Ltd. has been focused on the security glove industry for 20 years, specializing in the R&D, production, and sales of hand safety protection products [1] - The company offers a range of functional safety gloves with features such as cut resistance, high abrasion resistance, and chemical resistance [1] - Henghui is expanding its product matrix by venturing into upstream materials like ultra-high molecular weight polyethylene fibers and biodegradable polyester rubber [1] Group 2: Production Capacity and Orders - The company has a robust order reserve for its security gloves, supported by a production capacity of 72 million functional safety gloves per year [2] - Current production of 3,000 tons of ultra-high molecular weight polyethylene fibers is running at full capacity, with plans to add 12,000 tons, including an initial phase of 4,800 tons funded by convertible bonds [3] - The Vietnam project for producing 16 million functional safety gloves annually is progressing well, expected to mitigate the impact of U.S. tariffs [3] Group 3: Market Demand and Growth Potential - The potential market demand for functional safety gloves in China is projected to exceed 30 billion RMB, indicating significant growth opportunities [5] - The demand for functional safety gloves is expected to rise due to increased industrialization, improved safety regulations, and heightened consumer awareness [4] - The company aims to leverage its established production system and management experience to capture a larger share of the expanding market [5] Group 4: Financial Performance and Future Outlook - For the first three quarters of 2024, the company reported a revenue of 872 million RMB, a year-on-year increase of 25.34% [8] - The third quarter alone saw a revenue of 358 million RMB, reflecting a 40.64% increase compared to the same period last year [8] - The company anticipates continued growth in 2025, driven by enhanced order capacity and the operational launch of its new production facilities [8]