Core Viewpoint - The company, Mayair (China) Environmental Technology Co., Ltd., has decided to abolish its supervisory board and amend its articles of association and governance systems, which will be submitted for shareholder approval [1][2]. Group 1: Abolishment of Supervisory Board - The company will no longer have a supervisory board, with its functions being transferred to the audit committee of the board of directors [1][2]. - The supervisory board's rules and related regulations will be abolished, and corresponding amendments will be made to relevant clauses in the company's governance documents [1][2]. Group 2: Amendments to Articles of Association - The company plans to revise its articles of association to reflect the abolishment of the supervisory board and to standardize the terminology used, changing "shareholders' meeting" to "shareholders' assembly" and removing references to "supervisors" and "supervisory board" [2][3]. - The specific amendments will be detailed in an attachment, and the revised articles will be disclosed on the Shanghai Stock Exchange website [3]. Group 3: Governance System Revisions - The company intends to revise and establish certain governance systems in accordance with relevant laws and regulations, aiming to enhance its governance structure and promote standardized operations [3]. - The revised governance systems will also be disclosed on the Shanghai Stock Exchange website [3].

美埃（中国）环境科技股份有限公司 公司章程 美埃（中国）环境科技股份有限公司 章 程 二零二五 年 九 月 美埃（中国）环境科技股份有限公 司 公司章程 目 录 美埃（中国）环境科技股份有限公司 公司章程 美埃（中国）环境科技股份有限公司章程 第一章 总 则 第一条 为维护美埃（中国）环境科技股份有限公司（以下简称"公司"或"本公司"） 股东、职工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共 和国公司法》 （以下简称"《公司法》"） 《中华人民共和国证券法》 （以下简称 "《证券法》"） 《上市公司章程指引》 《上海证券交易所科创板股票上市规则》 和其他有关规定（以下简称"法律、行政法规"），制定《美埃（中国）环境科 技股份有限公司章程》（以下简称"本章程）。 （以下简称"中国证监会" ） （证监许可〔2022〕2506 号）核准，首次向社会公众发行人民币普通股 3,360 万股，于 2022 年 11 月 18 日在上海证券交易所上市。 、 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司系美埃（中国）环境净化有限公司整体变更而成的股份有限公司；在南京 市市场监督管理局登记 ...

公司 2025 年半年度报告全文 杭州楚环科技股份有限公司 2025 年半年度报告全文 杭州楚环科技股份有限公司 2025 年半年度报告全文 杭州楚环科技股份有限公司 杭州楚环科技股份有限公司 2025 年半年度报告全文 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人陈步东、主管会计工作负责人杨岚及会计机构负责人(会计主 管人员)杨岚声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质 承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应该理解计 划、预测与承诺之间的差异。 公司已在本半年度报告中详细描述公司可能面对的风险，敬请查阅"第 三节 管理层讨论与分析"的"十、公司面临的风险和应对措施"相关内容。 公司经本次董事会审议通过的利润分配预案为：以实施权益分派股权登 记日的总股本扣除公司回购专用证券账户中的回购股份后的股本总额为基数， 向全体股东每 10 股派发现金红利 0 ...

Core Viewpoint - The legal opinion letter from Anhui Tianhe Law Office confirms that Tongxing Environmental Technology Co., Ltd. is legally qualified to implement its 2025 Employee Stock Ownership Plan (ESOP) and that the plan complies with relevant laws and regulations [1][14]. Group 1: Company Qualifications - Tongxing Environmental Technology Co., Ltd. is a legally established and effectively operating listed company, with no circumstances requiring termination under relevant laws and regulations [6][14]. - The company holds a business license with a registered capital of 130.7232 million RMB and operates in various sectors including environmental protection equipment manufacturing and energy technology research [5][14]. Group 2: Legality and Compliance of the Employee Stock Ownership Plan - The ESOP has been approved by the China Securities Regulatory Commission and complies with the guidelines set forth in the Trial Guidance and the Self-Regulatory Guidelines for Listed Companies [4][14]. - The plan adheres to principles of legality, voluntary participation, and risk-bearing, ensuring no forced participation or insider trading [7][8][14]. Group 3: Procedures and Information Disclosure - The company has completed necessary procedures for the ESOP, including board resolutions and employee consultations, and is awaiting approval from the shareholders' meeting [11][12][14]. - The company has fulfilled its information disclosure obligations regarding the ESOP and will continue to do so as the plan progresses [12][13][14].

Financial Performance and Strategy - The company's gross profit margin varies by product and region, with a focus on optimizing product structure and market layout to improve overall margins [1][2] - The pricing policy is based on "production cost + reasonable profit," adjusting prices according to raw material costs and market competition [1][2] - The gross margin for products sold overseas is significantly higher than for domestic sales due to different market competition dynamics [2] Product Development and R&D - Continuous investment in R&D is planned to enhance product performance and diversify offerings, leveraging scale advantages [2][5] - The company aims to strengthen its technical advantages through ongoing improvements in production processes and collaboration with research institutions [5][6] - New product development will focus on high-performance materials for various industries, including waste treatment and air filtration [6][20] Market Expansion and Customer Engagement - The company actively participates in industry exhibitions to gather market intelligence and enhance brand visibility [3][4] - A dual focus on domestic and international markets is emphasized, with strategies tailored to specific industry needs [10][12] - The company plans to deepen its presence in European and South American markets while expanding its network in Southeast Asia [12] Operational Efficiency and Production Capacity - The production model prioritizes "sales-driven production" to align closely with customer demand and minimize inventory costs [3][4] - The company has established a robust information collection system to optimize production planning and inventory management [4][5] - Recent investments in automated production lines are expected to enhance efficiency and support business growth [10][11] Compliance and Financial Management - A strict fundraising management system is in place to ensure compliance and efficient use of raised funds [8][9] - The company has established a specialized account for fundraising, ensuring transparency and regulatory compliance [8] Industry Trends and Competitive Positioning - The company is well-positioned to capitalize on increasing environmental standards and the growing demand for filtration materials [14][15] - Strategic investments, such as the acquisition of a stake in Zhejiang Yongxiang Composite Materials Co., are aimed at diversifying the business and enhancing resilience [16][17] - The company has a strong market presence, with a well-recognized brand in the filtration materials sector, supported by a comprehensive product range [4][5]

Core Viewpoint - The company focuses on the research and application of honeycomb ceramic technology, providing a series of products for air pollution control, particularly in the automotive exhaust treatment sector [4][5][11]. Group 1: Company Overview - The company specializes in the development and production of honeycomb ceramic products, including various types of carriers for automotive exhaust treatment [4][5]. - The company has established a significant competitive advantage in the large-size honeycomb ceramic carrier market, particularly for heavy-duty diesel vehicles [20]. Group 2: Industry Situation - The honeycomb ceramic carrier industry is characterized by high technical barriers, including complex manufacturing processes and significant R&D challenges [15][16][19]. - The global market for honeycomb ceramic carriers is dominated by Corning and NGK, which together hold over 90% of the market share [18]. - The industry is experiencing a shift due to the implementation of stricter emission regulations in China, which is driving domestic manufacturers to innovate and increase market share [12][21]. Group 3: Business Model - The company employs a "make-to-order" procurement model for raw materials, ensuring a steady supply based on production needs [5]. - The sales strategy includes direct sales to domestic and international customers, with specific processes for both domestic and overseas markets [7][8]. Group 4: Technological Development - The company has made significant advancements in technology, holding 42 authorized invention patents and receiving national awards for its innovations [20]. - The ongoing evolution of emission standards is expected to further drive the development of honeycomb ceramic technology, with a focus on low thermal mass and high surface area designs [21].