东睦新材料集团股份有限公司：发行股份及支付现金购买资产并募集配套资金重大事项修订公告深度解读

一、重大事项概览

2026年4月20日，东睦新材料集团股份有限公司（以下简称“东睦股份”或“公司”）发布了关于发行股份及支付现金购买资产并募集配套资金暨关联交易报告书（草案）（修订稿）修订说明的公告。此次交易，公司拟通过发行股份和支付现金的方式，向深圳市远致星火私募股权投资基金合伙企业（有限合伙）、钟伟、上海创精投资咨询合伙企业（有限合伙）、宁波华莞企业管理合伙企业（有限合伙）、宁波富精企业管理合伙企业（有限合伙）等5位交易对方，收购他们合计持有的上海富驰高科技股份有限公司34.75%股权。

二、关键信息与对投资者的影响

• 收购方案：本次收购将通过“发行股份+支付现金”方式进行，涉及重大资产变动，但不构成《上市公司重大资产重组管理办法》规定的重大资产重组。
• 关联交易性质：由于部分交易对方与公司存在关联关系，本次收购构成关联交易。
• 实际控制人不变：本次交易后，公司实际控制人不会发生变更，不构成重组上市。
• 审核及合规进展：公司已收到上交所审核问询函，并完成问询回复及相关文件更新。审计基准日已更新为2025年12月31日，相关中介机构已同步完成加期审计及文件补充。
• 报告书修订：此次公告对原报告书进行了较多内容的修订，包括释义、重大事项提示、风险提示、交易概况、财务数据、交易对方信息、标的公司情况、关联交易、同业竞争、风险因素及专利清单等。

三、详细修订内容

• 释义：相关释义内容进行了补充和更新。
• 重大事项提示：
  • 更新了本次交易对即期回报的影响表述。
  • 更新了已履行的决策及审批程序。
• 风险提示：对交易相关风险进行了补充和更新，提醒投资者关注。
• 交易概况：详细描述了交易目的、已履行的决策及审批流程。
• 上市公司基本情况：
  • 更新了公司基本信息、股本结构、前十大股东情况。
  • 披露了最新的主要财务数据。
• 交易对方基本情况：补充了交易对方近两年财务指标及主要下属企业情况。
• 标的公司（上海富驰高科技）基本情况：
  • 补充了股东协议补充协议（三）的相关内容。
  • 更新了主要产品生产销售、原材料及能源供应、主要财务数据、资产权属、经营资质等内容。
• 管理层讨论与分析：
  • 更新了交易前公司及标的公司的财务状况、行业地位、竞争优势、盈利能力分析，以及本次交易对公司财务指标的影响。
• 财务会计信息：更新了标的资产财务信息及公司备考财务报表审阅报告。
• 关联交易与同业竞争：
  • 更新了标的公司关联方、关联交易及本次交易前后关联交易的情况。
• 风险因素：进一步说明了本次交易涉及的风险。
• 附件：更新了标的公司专利清单。

四、对股东及股价的潜在影响

本次交易涉及上海富驰高科技34.75%股权的收购，若顺利完成，有望扩展东睦股份在高科技材料领域的市场布局，提升公司核心竞争力和盈利能力。相关财务数据、股本结构及关联交易情况的变化，均可能对公司未来业绩和市场估值产生影响。

同时，交易方案、风险因素及管理层对交易的分析均有补充和更新，投资者需密切关注相关进展及后续公告，合理评估投资风险和机会。

五、结论与建议

该公告内容丰富，涉及公司资产结构、业务布局和未来发展方向，属于重大事项。建议股东和投资者重点关注交易进展、公司公告及相关财务与风险信息，密切跟踪后续动态，以作出理性投资决策。

免责声明：本文内容仅供参考，不构成任何投资建议。投资有风险，决策请结合自身情况并咨询专业人士。

English Version

NBTM New Materials Group: In-depth Review of the Revised Announcement on Major Asset Acquisition and Supporting Financing

1. Overview of Major Events

On April 20, 2026, NBTM New Materials Group Co., Ltd. (“NBTM” or the “Company”) issued a revised draft announcement regarding its plan to acquire assets via share issuance and cash payment, and to raise supporting funds—all constituting a related-party transaction. The Company intends to acquire a 34.75% stake in Shanghai Future High-tech Co., Ltd. from five counterparties, including Shenzhen Yuanzhi Spark Private Equity Fund Partnership (Limited Partnership), Zhong Wei, Shanghai Chuangjing Investment Consulting Partnership (Limited Partnership), Ningbo Huaguan Enterprise Management Partnership (Limited Partnership), and Ningbo Fujing Enterprise Management Partnership (Limited Partnership).

2. Key Points and Price-Sensitive Information for Shareholders

• Acquisition Plan: The transaction will be conducted through a combination of share issuance and cash payment. While this constitutes a major asset transaction, it does not reach the threshold for a “major asset restructuring” as defined by relevant regulations.
• Related-party Nature: Some counterparties are related parties, so the deal is classified as a related-party transaction.
• No Change of Control: The transaction will not result in a change of actual controller, nor does it constitute a backdoor listing.
• Review & Compliance: The Company has received and responded to an inquiry letter from the Shanghai Stock Exchange, completed supplementary audits as of December 31, 2025, and updated relevant documents.
• Report Revisions: The revised report covers updated definitions, major matters, risk disclosures, transaction overview, financial figures, counterparty information, target company details, related transactions, competition within the same industry, risk factors, and patent lists.

3. Details of the Revisions

• Definitions: Related definitions have been updated and supplemented.
• Major Matters:
  • Updated statements regarding the impact on immediate returns.
  • Updated status of decision-making and approval procedures.
• Risk Disclosures: Additional and updated risk statements relevant to the transaction.
• Transaction Overview: Clarified the purpose, decision-making, and approval processes.
• Company Basics:
  • Updated company information, shareholding structure, and top 10 shareholders.
  • Disclosed the latest main financial figures.
• Counterparty Information: Supplemented the latest two years’ financial indicators and main subsidiaries.
• Target Company (Shanghai Future High-tech):
  • Supplemented content on the third supplementary agreement of the shareholder agreement.
  • Updated product sales, raw material and energy supply, financial data, asset ownership, and business qualifications.
• Management Discussion and Analysis:
  • Updated financial status before the transaction for both the listed company and target, industry position, competitive advantages, profitability analysis, and the impact of the transaction on financial indicators.
• Financial and Accounting Information: Updated financial information of the target assets and the company’s pro forma financial review report.
• Related Transactions and Competition:
  • Updated disclosures regarding related parties, related transactions, and the company’s related transaction status before and after the transaction.
• Risk Factors: Further elaborated on transaction-related risks.
• Attachments: Updated the patent list of the target company.

4. Potential Impact on Shareholders and Share Price

Acquiring a 34.75% stake in Shanghai Future High-tech, if successfully completed, is expected to broaden NBTM’s footprint in the high-tech materials sector, enhance competitiveness, and improve profitability. Changes in financial data, shareholding structure, and related party transactions could all affect future company performance and valuation.

With substantial updates to the transaction plan, risk factors, and management analysis, investors are strongly advised to monitor the progress and subsequent announcements, carefully assess risks and opportunities.

5. Conclusion and Recommendations

This announcement contains rich details about the company’s asset structure, business positioning, and future strategy—constituting a major event. Shareholders and investors should pay close attention to transaction progress, company disclosures, and updated financial and risk information, and make investment decisions prudently.

Disclaimer: The content above is for reference only and does not constitute investment advice. Investment carries risks; please make decisions based on your own situation and consult professionals if needed.

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