http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 上海市方达律师事务所 FANGDA PARTNERS 关于浙江盾安人工环境股份有限公司 2025 年第四次临时股东会的法律意见书 致：浙江盾安人工环境股份有限公司 上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国境内法律 执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席浙江盾安人 工环境股份有限公司（以下简称"公司"）2025 年第四次临时股东会（以下简称 "本次股东会"），并就本次股东会的召集和召开程序、参与表决和召集会议人员 的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》《中华人 ...

证券代码：002011 证券简称：盾安环境 公告编号：2025-053 浙江盾安人工环境股份有限公司 2025年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会没有出现否决提案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、会议召开 （1）时间 ①现场会议召开时间：2025 年 10 月 23 日（星期四）下午 15:30。 ②网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 10 月 23 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券 交易所互联网投票系统进行网络投票的具体时间为：2025 年 10 月 23 日 9:15-15:00。 （2）现场会议召开地点：浙江省诸暨市店口镇解放路 288 号公司会议室 （3）会议召开方式：本次股东会采取现场投票和网络投票相结合的方式。 （4）会议召集人：公司董事会 （5）现场会议主持人：董事长方祥建先生 （6）本次股东会会议的召集、召开程序符合《中华 ...

Core Viewpoint - Gree Electric Appliances is expanding its brand portfolio with the launch of Jinghong air conditioners, targeting a rational and pragmatic customer base focused on cost-effectiveness and experience [2] Group 1: Brand Strategy - Jinghong air conditioners are positioned as a natural extension of the Gree brand system, maintaining core quality technologies that emphasize stability, energy efficiency, and comfort [2] - The design, intelligence level, and material selection of Jinghong air conditioners are tailored to meet the needs of the mid-to-low price market segment [2] Group 2: Market Positioning - The introduction of Jinghong air conditioners aims to create effective synergy and complementarity within the overall brand matrix of Gree, addressing diverse market demands in the air conditioning sector [2] Group 3: Supply Chain and Strategic Investments - In 2022, the company strengthened its supply chain stability for core refrigeration components by acquiring a controlling stake in Dun'an Environment, currently holding 38.46% [2] - Dun'an Environment is a leading player in the global refrigeration and air conditioning components industry, focusing on the production and sales of core components for refrigeration equipment and new energy thermal management, aligning well with Jinghong's brand positioning [2]

Core Viewpoint - The demand for refrigeration and air conditioning control components in China is rapidly increasing due to economic growth, rising living standards, and extreme weather events, with projected sales of 420 million units and revenue of 11.3 billion yuan in 2024 [1][7]. Overview - Refrigeration and air conditioning control components are essential parts of air conditioning and refrigeration systems, providing necessary functions such as temperature control, refrigerant flow control, and pressure measurement [2][3]. Development History - The development of China's refrigeration and air conditioning control components industry is closely linked to the evolution of refrigeration technology, transitioning from reliance on imports in the early 20th century to significant domestic production and technological advancements by the late 20th century [3][4]. Industry Chain - The industry chain includes upstream suppliers of raw materials like copper and aluminum, midstream manufacturers of control components, and downstream application markets such as household and commercial sectors [6][7]. Current Development - The increasing prevalence of air conditioning in various sectors and the growth of cold chain logistics and data centers are driving demand for control components, with significant sales and revenue projections for 2024 [1][7]. Competitive Landscape - The global refrigeration and air conditioning control components market is characterized by an oligopolistic structure, with the top three companies holding 81% of the market share, and domestic company Sanhua Intelligent Control leading with a 45.5% share in 2024 [5][8]. Representative Companies - Sanhua Intelligent Control focuses on refrigeration and air conditioning components, achieving significant revenue in its business segment, while Shun'an Environment is expanding its product offerings in both refrigeration parts and new energy vehicle thermal management [9][10]. Future Trends - The industry is expected to move towards higher efficiency and energy-saving solutions, with advancements in AI and IoT technologies leading to more intelligent control components that offer features like remote monitoring and adaptive regulation [10][11].

浙江盾安人工环境股份有限公司（以下简称"公司"）于 2025 年 9 月 26 日召开第九届董事会第五次会议，审议通过了《关于<浙江盾安人工环境股份有 限公司长期激励计划第二期暨 2025 年限制性股票与股票期权激励计划（草案）> 及其摘要的议案》《关于<浙江盾安人工环境股份有限公司长期激励计划第二期 暨 2025 年限制性股票与股票期权激励计划实施考核管理办法>的议案》《关于提 请公司股东会授权董事会办理长期激励计划第二期暨 2025 年限制性股票与股票 期权激励计划相关事宜的议案》等相关议案，具体内容详见公司于 2025 年 9 月 27 日刊登于巨潮资讯网上的相关公告。 根据《中华人民共和国证券法》《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指南第 1 号——业务办理》（以下简称"《监管指南第 1 号》"）及适用的其他中国境内 已公开颁布并生效实施的法律、法规、规章、规范性文件（以下合称"中国法律 法规"）、现行有效的《浙江盾安人工环境股份有限公司章程》（以下简称"《公 司 ...

Core Viewpoint - The company is actively exploring opportunities to leverage shareholder resources to optimize costs and enhance competitiveness while adhering to regulatory requirements [1] Group 1 - The company acknowledges the investor's suggestion to utilize resources from major shareholders, such as sourcing raw materials at favorable prices from the second-largest shareholder [1] - The board and management are committed to seriously considering beneficial suggestions for the company's development and will follow necessary procedures to implement them [1] - The company emphasizes its compliance with the Company Law, Securities Law, and various regulatory requirements from the securities regulatory commission and exchanges [1]

Market Overview - The home appliance components sector experienced a decline of 4.87% on October 14, with He Sheng New Materials leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable gainers in the home appliance components sector included: - Dongbei Group (601956) with a closing price of 7.55, up 2.03% [1] - Chun Guang Technology (603657) at 36.46, up 1.59% [1] - Xing Shuai Er (002860) at 13.62, up 1.41% [1] - Conversely, He Sheng New Materials (002290) saw a significant decline of 8.71%, closing at 38.14 [2] - Other notable decliners included: - Hong Chang Technology (301008) down 7.03% [2] - Sanhua Intelligent Control (002050) down 6.95% [2] Capital Flow - The home appliance components sector saw a net outflow of 1.477 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.353 billion yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remained active [2] Individual Stock Capital Flow - Key stocks and their capital flow included: - Xing Shuai Er (002860) with a net inflow of 13.76 million yuan from institutional investors [3] - Chun Guang Technology (603657) with a net inflow of 13.39 million yuan [3] - Dongbei Group (601956) recorded a net inflow of 10.36 million yuan [3] - Notably, He Sheng New Materials (002290) experienced a significant net outflow of 59.9 million yuan from institutional investors [3]

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

Core Viewpoint - Shun'an Environment's stock has shown a significant increase in price and trading volume, indicating positive market sentiment and potential growth opportunities in the cooling and energy management sectors [1][2]. Financial Performance - For the first half of 2025, Shun'an Environment reported a revenue of 6.729 billion yuan, representing a year-on-year growth of 6.05%, and a net profit attributable to shareholders of 535 million yuan, up 12.94% year-on-year [2]. - The company has cumulatively distributed 739 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - As of October 9, Shun'an Environment's stock price increased by 34.32% year-to-date, with a recent decline of 1.09% over the last five trading days, but a rise of 17.38% over the last 20 days and 24.00% over the last 60 days [1]. - The stock's trading volume reached 294 million yuan with a turnover rate of 2.24%, and the total market capitalization stood at 15.47 billion yuan [1]. Shareholder Structure - As of August 31, the number of shareholders for Shun'an Environment was 39,100, with an average of 23,534 circulating shares per shareholder, reflecting a slight increase of 0.34% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Invesco Great Wall Energy Infrastructure Mixed A, with notable changes in their holdings [3].

Group 1 - The project of Shun'an Environment's intelligent manufacturing headquarters, with a total investment of 5 billion yuan, has officially commenced in Zhuji Economic Development Zone, covering an area of approximately 400 acres and a total construction area of about 330,000 square meters [1] - The project aims to create a modern industrial base that integrates intelligent manufacturing and green low-carbon technologies, significantly enhancing production efficiency and product quality through advanced manufacturing equipment and technology [1] - Upon reaching full production, the project is expected to achieve an annual production capacity of 330 million sets of refrigeration air conditioning components and 100 million sets of new energy vehicle thermal management components [1] Group 2 - Zhuji City has established a "specialist package" service mechanism to ensure the rapid and orderly advancement of the new project, providing one-on-one precise services from project planning to construction [2] - The city has introduced 65 projects with investments exceeding 100 million yuan this year, totaling 52.2 billion yuan, and has achieved an 81% commencement rate for 218 major projects [2] - Zhuji has formed a complete industrial ecosystem from basic components to core parts in the refrigeration equipment supply market, and is actively promoting local component companies to transition into high-end fields such as new energy vehicle thermal management and electric drive systems [2]