皖维高新材料股份有限公司与控股股东皖维集团签署附条件生效股份认购协议暨关联交易公告

核心要点概述

• 公司拟向特定对象——控股股东安徽皖维集团有限责任公司（皖维集团）发行A股，属于关联交易。
• 本次发行总股数不超过467,289,719股，募集资金总额不超过30亿元人民币。
• 发行价格为定价基准日前20个交易日公司股票交易均价的90%，即6.42元/股。
• 皖维集团将全额认购本次发行的全部股份，限售期为3年。
• 发行完成后，皖维集团对皖维高新的控股比例将提升，进一步保障公司控制权与战略规划连续性。
• 交易尚需国家出资企业审批、公司股东会审议、上交所审核及中国证监会注册批准。
• 皖维集团近期完成重大重组，海螺集团成为间接控股股东，但公司实际控制人未发生变更。

详细内容与投资者关注点

交易背景

本次向特定对象发行A股股票，认购对象为控股股东皖维集团，认购协议已于2026年3月10日签订。发行方案已经公司董事会、独立董事会议审议通过，关联董事回避表决，交易仍需多项监管审批流程。

关联方及重组进展

• 皖维集团直接持有皖维高新33.24%股权，属于公司关联法人。
• 皖维集团最近一年及一期资产总额分别为17,020,813,000元和16,330,391,800元，净利润分别为405,748,500元和397,726,800元，经营状况良好。
• 2025年至2026年期间，皖维集团完成与海螺集团、省投资集团、省国控集团的重组，海螺集团通过增资持有皖维集团60%股权，成为皖维高新的间接控股股东，实际控制人仍为安徽省国资委。
• 重组后，皖维高新控股权结构更趋稳定，有利于公司未来发展。
• 皖维集团不属于失信被执行人。

发行方案与认购细节

• 发行价格定为定价基准日前20个交易日均价的90%，即6.42元/股。
• 总发行股数不超过467,289,719股，约占发行前总股本的30%。
• 募集资金总额不超过30亿元人民币。
• 皖维集团将全额认购，认购方式为现金。最终认购金额与股数将由公司股东会及相关机构协商确定，并以证监会注册数量为准。
• 限售期安排：认购股票3年内不得转让，因分配股票股利或资本公积转增取得的股份同样锁定。原有持股18个月内不得转让。
• 滚存利润安排：发行完成后，未分配利润由新老股东按发行后股份比例共享。
• 发行完成后，公司资产负债率将下降，财务结构优化，资金实力提升。

协议条款与违约责任

• 协议自双方签字盖章成立，所有条件满足后生效，包括董事会、股东会、国家出资企业审批、上交所审核及证监会注册。
• 若任一方违约，需赔偿守约方损失。若监管审批未通过或不可抗力事件导致协议无法履行，不视为违约。
• 协议补充或变更需书面形式。

对投资者的影响与潜在股价变动因素

• 公司将通过本次募投项目完善绿色产能布局，提升低碳竞争优势，助力高质量发展，巩固PVA行业龙头地位，提升高端材料市场份额。
• 募集资金有助于降低公司财务风险，优化财务结构，增强市场竞争力。
• 皖维集团控股比例提升，控制权稳定，有利于公司战略规划连续性及市值稳定与增长。
• 交易事项尚未完全实施，需履行多项审批流程，相关进展或结果可能对公司股价产生重大影响。
• 发行价格公允，交易不会损害公司独立性及公众股东权益。

重要提示及建议

此次关联交易涉及公司控股权结构、发行方案、资金用途、财务影响等多项重大事项，均可能对公司估值及股价产生实质影响。建议投资者密切关注后续审批进展、发行实施及相关公告。

免责声明

本文章仅为信息披露与投资参考，不构成投资建议。投资者需结合自身风险偏好及专业判断，关注公司后续公告及监管审批动态。公司最终发行实施、认购金额、股权结构等事项以监管机构批准及公司公告为准，敬请投资者注意投资风险。

English Version

Anhui Wanwei High-Tech Materials Co., Ltd. Signs Conditional Share Subscription Agreement with Controlling Shareholder Wanwei Group – Key Investor News

Key Highlights

• The company plans to issue A-shares to a specific object—its controlling shareholder Anhui Wanwei Group Co., Ltd. (Wanwei Group), constituting a related-party transaction.
• Total shares to be issued will not exceed 467,289,719, with total funds raised capped at RMB 3 billion.
• Issue price is 90% of the average trading price over the 20 trading days preceding the pricing date, set at RMB 6.42 per share.
• Wanwei Group will subscribe to all issued shares in cash; lock-up period is three years.
• Upon completion, Wanwei Group’s controlling stake in Wanwei High-Tech will increase, further securing company control and strategic continuity.
• The transaction requires approval from state-owned asset entities, shareholder meeting, Shanghai Stock Exchange review, and CSRC registration.
• Wanwei Group recently completed a major restructuring; Conch Group becomes the indirect controlling shareholder, but actual controller remains unchanged.

Details & Key Investor Points

Transaction Background

The company will issue A-shares to Wanwei Group, with the subscription agreement signed on March 10, 2026. The plan has passed the board and independent directors’ meetings, with related directors recusing themselves. The deal awaits multiple regulatory approvals.

Related Party & Restructuring Progress

• Wanwei Group directly holds 33.24% of Wanwei High-Tech, qualifying as a related party.
• Recent annual and period financials: assets over RMB 17 billion, net profits over RMB 400 million, indicating healthy performance.
• From 2025-2026, Wanwei Group completed restructuring with Conch Group, Provincial Investment Group, and Provincial Capital Group. Conch Group’s capital injection gives it 60% of Wanwei Group, making it the indirect controller; actual controller remains Anhui SASAC.
• Post-restructuring, controlling structure is more stable, supporting future development.
• Wanwei Group is not listed as a dishonest executor.

Issue Plan & Subscription Details

• Issue price: RMB 6.42/share (90% of average price in prior 20 trading days).
• Total shares issued: ≤467,289,719 (≤30% of pre-issue total share capital).
• Total funds raised: ≤RMB 3 billion.
• Wanwei Group to subscribe in full, payment in cash; final numbers depend on shareholder approval and CSRC registration.
• Lock-up: 3 years for newly issued shares, including any bonus shares or capital conversion; existing shares locked for 18 months.
• Unallocated profits post-issue will be shared by new and existing shareholders based on shareholding.
• After completion, company debt ratio will fall, financial structure optimized, capital strength increased.

Agreement Clauses & Default Liability

• Agreement becomes effective once all conditions are met: board and shareholder approvals, state-owned asset entity approval, SSE review, CSRC registration.
• Breaches require compensation for losses; failure due to regulatory disapproval or force majeure is not considered default.
• Supplement or changes must be in writing.

Implications for Investors & Potential Share Price Movements

• The project will improve green production capacity, low-carbon competitive advantage, and support high-quality growth, reinforcing PVA industry leadership and high-end material market share.
• Capital raised will reduce financial risk, optimize structure, and enhance competitiveness.
• Controlling stake increase ensures stability and strategic continuity, supporting valuation and share price growth.
• Implementation is pending regulatory approvals; progress or results may significantly affect share price.
• Subscription price is fair, and transaction will not affect company independence or harm public shareholder interests.

Key Reminders & Suggestions

This related-party transaction involves major issues around controlling structure, issue plan, capital usage, and financial impact—all potentially affecting company valuation and share price. Investors are advised to closely watch subsequent approvals, implementation, and related announcements.

Disclaimer

This article is for information disclosure and investment reference only and does not constitute investment advice. Investors should assess their own risk tolerance and professional judgment, and pay attention to subsequent announcements and regulatory progress. Final implementation, subscription amount, and shareholding structure are subject to regulatory approval and company announcements. Please be aware of investment risks.

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