茲提述國微控股有限公司（「本公司」）日期為二零二五年九月七日的公告（「該 公告」）。除另有指明者外，本公告所用詞彙與該公告所界定者具有相同涵義。 誠如該公告所披露，本公司擬根據上市規則第14.44條就股權轉讓徵求股東 書面批准。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對本 公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔 任何責任。 SMIT HOLDINGS LIMITED 國 微 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2239） 主要交易通函延遲寄發豁免批授 * 僅供識別 根據上市規則第14.41(a)條，有關股權轉讓及其他上市規則規定之資料的通 函（「通函」）須於該公告刊發後15個營業日內（即於二零二五年九月二十六 日或之前）寄發予股東。 由於本公司需額外時間編製及最終確定將載入通函的若干財務資料，本公 司已申請並獲聯交所批准豁免嚴格遵守上市規則第14.41(a)條，惟本公司須 於二零二五年十月二十四日或之前向股東寄發通函。 本公司股東及潛 ...

Investment Rating - The report rates the EDA industry as "Overweight" indicating a positive outlook for the sector compared to the overall market performance [8]. Core Insights - Recent equity transactions in the domestic EDA industry, involving key players in digital IC design, signal an acceleration in industry consolidation [3]. - The acquisition of a 16% stake in Sierxin by a private equity fund under China Electronics for RMB 212 million highlights the strategic importance of EDA firms in digital IC design [3]. - Sierxin, as the first domestic digital IC design EDA manufacturer, focuses on prototype verification, which enhances the success rate of chip production [3]. - The integration of Sierxin into Huada Jiutian is anticipated, given the connections within the China Electronics system [3]. - The National Integrated Circuit Industry Investment Fund is offering a 38.74% stake in Hongxin Weina with a base price of RMB 1.32 billion, indicating a minimum valuation of approximately RMB 3.4 billion [3]. - Hongxin Weina specializes in layout and routing, a critical process in digital IC design that transforms circuit netlist files into physical layouts for manufacturing [3]. - The report emphasizes the necessity of mergers and acquisitions in the EDA industry to optimize the competitive landscape and enhance capabilities across the semiconductor supply chain [3]. Summary by Sections Recent Transactions - Two significant equity transactions in the EDA sector have occurred, with Sierxin and Hongxin Weina being the focal points of these deals [3]. Company Profiles - Huada Jiutian is identified as a leading player in the EDA market, covering the entire process of custom IC design and rapidly filling gaps in digital IC and wafer manufacturing tools [3]. - Other notable companies include Gaolun Electronics, which has advantages in memory circuit design and is actively pursuing acquisitions, and Guangliwei, which focuses on yield detection and integrates EDA with hardware and services [3]. Financial Projections - Huada Jiutian's projected revenue is expected to grow from RMB 12 billion in 2024 to RMB 28 billion by 2027, with a corresponding market cap increase from RMB 693 billion to RMB 1.4 trillion [4]. - Gaolun Electronics is projected to see revenue growth from RMB 4 billion in 2024 to RMB 8 billion by 2027, with a market cap of RMB 200 billion [4]. - Guangliwei's revenue is expected to rise from RMB 5 billion in 2024 to RMB 11 billion by 2027, with a market cap of RMB 189 billion [4].

2025 INTERIM REPORT 中期報告 SMIT HOLDINGS LIMITED 國微控股有限公司 中期報告 Interim Report 2025 目錄 CONTENTS | 2 | 公司資料 | Corporate Information | | --- | --- | --- | | 5 | 管理層討論及分析 | Management Discussion and Analysis | | 17 | 其他資料 | Other Information | | 25 | 簡明綜合財務狀況表 | Condensed Consolidated Statement of Financial Position | | 27 | 簡明綜合收益表 | Condensed Consolidated Income Statement | | 28 | 簡明綜合全面收益表 | Condensed Consolidated Statement of Comprehensive Income | | 29 | 簡明綜合權益變動表 | Condensed Consolidated Statement of Change ...

Group 1 - Company announced the conditional agreement to sell 16% equity stake in S2C Shanghai for RMB 211,665,760, constituting a major transaction that requires compliance with listing rules [2] - The sale aims to provide strategic guidance and industry expertise to S2C Shanghai, facilitating the discovery of new business opportunities and strategic partnerships [2] - The net proceeds from the equity transfer, estimated at approximately USD 26.6 million, will be used for general working capital and to enhance the group's cash flow for further development [2] Group 2 - Company is a leading manufacturer of conditional access cards, providing advanced security products to pay-TV operators across 46 countries, holding a significant market share [3] - Company focuses on self-designed security chips to meet the growing security and functionality demands of pay-TV operators [3] - Company is involved in the research and production of third-generation semiconductor products to satisfy market needs for high-performance semiconductor solutions [3]

S2C上海是一家专注于高科技研发的公司，其业务领域需要大量的持续资本投入以维持增长和创新。引 入投资者将为S2C上海提供战略指导和行业专业知识，使S2C上海能够利用投资者在私募股权和风险投 资管理方面的丰富经验，并可能帮助其发现和寻求新的商业机会及战略合作伙伴关系。股权转让亦将使 公司从对S2C上海的早期投资中获得显著回报，同时保留可观股权份额以继续参与S2C上海的长期发展 和价值创造。 国微控股发布公告，于2025年9月6日，公司、其附属公司S2C Holding及S2C上海与投资者中湾私募基金 管理有限公司签署股权转让协议，根据该协议，S2C Holding 有条件地同意出售其在S2C上海16%的股 权，而投资者有条件地同意购买该股权，对价为人民币2.12亿元。 S2C上海是一家根据中国法律成立的有限责任公司。S2C上海集团是一家提供硬件型快速验证系统及软 件的供应商。 责任编辑：栎树 ...

Group 1 - The core point of the article is that Guowei Holdings announced the sale of a 16% stake in S2C Shanghai for approximately RMB 212 million, which will allow the company to realize early investment returns while retaining a 13.75% stake in S2C Shanghai after the transaction [2][2][2] Group 2 - S2C Holding currently holds a 29.75% stake in S2C Shanghai, and the sale aims to bring in strategic guidance, industry expertise, and capital support to promote growth and innovation for S2C Shanghai, a company focused on high-tech research and development [2][2][2] - The transaction reflects Guowei Holdings' strategy to continue participating in the long-term development of S2C Shanghai while benefiting from the early investment return [2][2][2]

Group 1 - The core point of the article is that Guowei Holdings (02239.HK) has signed a conditional equity transfer agreement to sell 16% of its stake in S2C Shanghai to an investor for approximately RMB 212 million [1] - As of the announcement date, S2C Holding holds a 29.75% stake in S2C Shanghai, and after the transaction, it will retain a 13.75% stake [1] - S2C Shanghai focuses on high-tech research and development, requiring significant ongoing capital investment for growth and innovation [1] Group 2 - The introduction of the investor is expected to provide strategic guidance and industry expertise to S2C Shanghai, leveraging the investor's experience in private equity and venture capital management [1] - The equity transfer will allow the company to realize significant returns from its early investment in S2C Shanghai while maintaining a substantial equity stake to continue participating in its long-term development and value creation [1]

Group 1 - The company Guowei Holdings (02239) announced a share transfer agreement with Zhongwan Private Equity Fund Management Co., Ltd. for the sale of a 16% stake in S2C Shanghai for a consideration of RMB 212 million [1] - S2C Shanghai is a limited liability company established under Chinese law, focusing on providing hardware-based rapid verification systems and software [1] - The introduction of the investor is expected to provide strategic guidance and industry expertise to S2C Shanghai, helping the company to discover new business opportunities and strategic partnerships [1] Group 2 - The share transfer will allow the company to realize significant returns from its early investment in S2C Shanghai while retaining a substantial equity stake to continue participating in the long-term development and value creation of S2C Shanghai [1] - S2C Shanghai operates in a high-tech research and development sector that requires substantial ongoing capital investment to maintain growth and innovation [1]

Core Viewpoint - Guowei Holdings (02239) has signed a conditional equity transfer agreement with Zhongwan Private Equity Fund Management Co., Ltd. to sell 16% of its stake in S2C Shanghai for RMB 212 million, which will provide significant returns from early investments while retaining a substantial equity share for continued participation in S2C Shanghai's long-term development and value creation [1][1][1] Company Summary - S2C Shanghai is a limited liability company established under Chinese law, focusing on providing hardware-based rapid verification systems and software [1] - The company operates in high-tech research and development, requiring substantial ongoing capital investment to maintain growth and innovation [1] - The introduction of the investor is expected to provide strategic guidance and industry expertise, helping S2C Shanghai to discover new business opportunities and strategic partnerships [1] Financial Summary - The equity transfer agreement involves a transaction value of RMB 212 million for the 16% stake in S2C Shanghai [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對本 公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔 任何責任。 SMIT HOLDINGS LIMITED 國 微 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2239） 主要交易 出售S2C上海的股權 股權轉讓 董事會欣然宣佈，於二零二五年九月六日，本公司、其附屬公司S2C Holding及S2C上海與投資者簽署股權轉讓協議，根據該協議，S2C Holding 有條件地同意出售其在S2C上海16%的股權，而投資者有條件地同意購買 該股權，對價為人民幣211,665,760元。 上市規則的涵義 由於有關股權轉讓的一項或多項適用百分比率（定義見上市規則）超過 25%但低於75%，故根據上市規則第十四章，股權轉讓構成本公司的主要 交易，並須遵守上市規則項下的申報、公告、通函及股東批准規定。 據董事經作出一切合理查詢後所深知、盡悉及確信，概無股東或彼等各 自的任何聯繫人於股權轉讓中擁有任何重大權益。因此，概無股東須就 ...