Core Viewpoint - Huaxiang (Tianjin) Precision Manufacturing Co., Ltd. has been established with a registered capital of 100 million yuan, indicating the company's expansion into the precision manufacturing sector [1] Company Summary - The newly established company is wholly owned by Huaxiang Co., Ltd. (603112) [1] - The business scope includes sales of new energy vehicle electrical accessories, wind turbine units and components, industrial control computers and systems, and processing of metal waste and scrap [1]

Group 1 - On January 22, Huaxiang Co., Ltd. executed a block trade of 675,000 shares, with a transaction amount of 11.5088 million yuan, accounting for 8.26% of the total transaction volume for the day [1] - The transaction price was 17.05 yuan, which represents a discount of 9.21% compared to the market closing price of 18.78 yuan [1] - The block trade involved multiple transactions, with different buying and selling departments participating, indicating active trading interest [2]

证券代码：603112 证券简称：华翔股份 公告编号：2026-007 山西华翔集团股份有限公司 关于持股 5%以上股东非公开发行可交换公司债券对持有的 部分公司股票办理完成担保及信托登记的公告 公司收到山西交投通知，2026 年 1 月 22 日，山西交投与本次可交换债券受 托管理人中德证券有限责任公司（以下简称"中德证券"）在中国证券登记结 算有限责任公司上海分公司已办理完成股票的担保及信托登记，将山西交投持 有的公司股票共计 16,722,409 股，划入"山西交投—中德证券—26 晋交 EB 担 保及信托财产专户"（以下简称"担保及信托专户"），由中德证券作为名义 持有人，并以担保及信托专户作为证券持有人登记在公司证券持有人名册上。 在行使担保及信托登记的股份表决权时，中德证券将根据山西交投的意见办理， 但不得损害本次可交换债券持有人的利益。 本次担保及信托登记完成后，山西交投直接持有公司股份 28,652,591 股， 持股比例为 5.30%；通过担保及信托专户持有公司股份 16,722,409 股，持股比 例为 3.10%。本次担保及信托登记完成后，不会导致控股股东及实际控制人发 生变化，不构成要 ...

Group 1 - On January 20, Huaxiang Co., Ltd. executed a block trade of 290,000 shares, with a transaction value of 5.0895 million yuan, accounting for 2.18% of the total transaction volume for the day [1] - The transaction price was 17.55 yuan, which represents a discount of 7.34% compared to the market closing price of 18.94 yuan [1]

Core Viewpoint - Shanxi Huaxiang Group Co., Ltd. (hereinafter referred to as "the company" or "Huaxiang Co., Ltd.") announced that its major shareholder, Shanxi Provincial Transportation Development Investment Group Co., Ltd. (hereinafter referred to as "Shanxi Jiao Tou"), plans to issue a non-public offering of exchangeable corporate bonds, with a total amount not exceeding 200 million yuan, backed by its shares in the company [1][2]. Group 1 - Shanxi Jiao Tou has received approval from the Shanghai Stock Exchange for the issuance of exchangeable corporate bonds, which will be issued to professional investors [1][2]. - The bonds will be secured by a portion of the A-shares held by Shanxi Jiao Tou, and a trust arrangement will be established to ensure the timely payment of principal and interest to bondholders [2]. - The issuance will involve a total of 16,722,409 shares of Huaxiang Co., Ltd., representing approximately 3.10% of the company's total issued share capital, which will be placed in a trust account [2][3]. Group 2 - After the completion of the trust registration, Shanxi Jiao Tou will directly hold 28,652,591 shares, representing 5.30% of the company, while the shares in the trust account will remain at 3.10% [3]. - The trust registration will not result in a change of control for the company, nor will it constitute a tender offer [3].

Group 1 - On January 19, Huaxiang Co., Ltd. executed a block trade of 1.1482 million shares, with a transaction value of 20.1282 million yuan, accounting for 8.66% of the total transaction volume for the day [1] - The transaction price was 17.53 yuan, representing a discount of 10.1% compared to the market closing price of 19.5 yuan [1]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 山西华翔集团股份有限公司（以下简称"公司"或"华翔股份"）于近日 收到公司持股 5%以上股东山西省交通开发投资集团有限公司（以下简称"山西 交投"）通知，山西交投已获得上海证券交易所（以下简称"上交所"）出具 的《关于对山西省交通开发投资集团有限公司非公开发行科技创新可交换公司 债券挂牌转让无异议的函》（上证函〔2026〕74 号），山西交投以其持有的公 司部分 A 股股票为标的，面向专业投资者非公开发行总额不超过 2 亿元的科技 创新可交换公司债券符合上交所的挂牌转让条件，上交所对其挂牌转让无异议。 本次可交换公司债券发行将采取股票担保及信托形式，山西交投以其合法 拥有的公司部分 A 股股票作为担保及信托财产并办理相关担保及信托登记，以 保障本次可交换公司债券持有人交换标的股票和本次可交换公司债券本息按照 约定如期足额兑付。根据《中国证券登记结算有限责任公司可交换公司债券登 记结算业务细则》等的相关要求，办理担保及信托登记的主要内容如下： 1、山西交投与本次可交换公司债券受托管 ...

Core Viewpoint - Shanxi Jiaotou, a shareholder holding more than 5% of Huaxiang Co., has received approval from the Shanghai Stock Exchange for the non-public issuance of technology innovation exchangeable bonds not exceeding 200 million yuan [1] Group 1 - The bond issuance will be secured by stocks and trust, with Shanxi Jiaotou planning to transfer 16,722,409 shares of Huaxiang Co. (approximately 3.10% of the total issued capital) into a dedicated account for collateral and trust [1] - As of the announcement date, Shanxi Jiaotou holds 8.40% of Huaxiang Co.'s shares, which will decrease to 5.30% after the registration is completed, while maintaining a holding of 3.10% through the dedicated account [1] - The transaction does not affect the controlling rights of Shanxi Jiaotou and does not constitute a mandatory tender offer [1]

Core Viewpoint - The controlling shareholder of Shanxi Huaxiang Group Co., Ltd. has reduced its stake, impacting the company's shareholding structure, but this does not trigger a mandatory tender offer or change the actual controller of the company [1][2]. Group 1: Shareholding Changes - The controlling shareholder, Shanxi Linfen Huaxiang Industrial Co., Ltd., announced a plan to reduce its holdings by up to 16,205,116 shares, representing no more than 3% of the total share capital, through centralized bidding and block trading [1]. - On January 16, 2026, Huaxiang Industrial reduced its holdings by 263,000 shares, decreasing its ownership from 53.01% to 52.97%, which constitutes a change that touches the 1% threshold [2]. - The reduction in shareholding is part of a previously disclosed plan and does not lead to a change in the controlling shareholder or actual controller of the company [2]. Group 2: Compliance and Future Monitoring - The company will continue to monitor the implementation of the shareholder's reduction plan and ensure compliance with relevant regulations [2]. - The reduction does not require the disclosure of a report on the change in equity or a tender offer report, as it aligns with prior commitments [2]. - Investors are advised to pay attention to the risks associated with the ongoing reduction plan [2].

Group 1 - The core point of the article is that Huaxiang Co., Ltd. (603112.SH) reported a change in shareholding by Shanxi Linfen Huaxiang Industrial Co., Ltd., which reduced its stake in Huaxiang Co. from 53.01% to 52.97% through a block trade on January 16, 2026, triggering a 1% threshold change [1] Group 2 - Huaxiang Industrial reduced its holdings by 263,000 shares [1] - The shareholding change indicates a minor adjustment in ownership structure, as the percentage change is just 0.04% [1] - The transaction occurred on the same day the notice was issued, reflecting a prompt execution of the share reduction [1]