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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 InnoScience (Suzhou) Technology Holding Co., Ltd. 英諾賽科 ( 蘇 州 ) 科技股份有限公司 （股份代號：2577） 自願公告 根據2025年股份獎勵計劃從市場購買股份 茲提述英諾賽科（蘇州）科技股份有限公司（「本公司」）日期為2025年3月28日、 2025年7月9日的公告（「該等公告」）以及日期為2025年6月19日的通函（「該通 函」），內容有關本公司採納的2025年股份獎勵計劃（「該計劃」）。除非文義另有所 指，本公告所用詞彙與該等公告及該通函所界定者具有相同涵義。 董事會宣佈，於2025年11月5日，該計劃的受託人（「受託人」）已根據該計劃的條 款及條件，從市場合共購買本公司239,000股H股（「H股」），並為合資格參與者 （定義見該計劃）的利益以信託形式持有該等股份。於2025年11月5日購買（「今日 購買的H股」）並由受託人以信託形式持有 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 英諾賽科（蘇州）科技股份有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02577 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 504,841,187 | RMB | | 1 | RMB | | 504,841,187 | | 增加 / 減少 (-) | | | 20,700,000 | | | | RMB | | 20,700,000 | | 本月底結存 | | | 525,541,187 | RMB | | 1 | RMB | | 525, ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry, particularly focusing on the potential growth of SiC/GaN power devices driven by new power supply solutions for AI data centers [6]. Core Insights - The demand for AI servers and data centers is expected to open up growth opportunities for SiC/GaN power devices, with new power supply solutions like HVDC and SST becoming increasingly important [3][11]. - The report highlights that the transition to 800V HVDC power supply architecture is anticipated to significantly enhance power efficiency and reduce operational costs for data centers [9][28]. Summary by Sections 1. AI Data Center Power Requirements - The power requirements for AI data centers are increasing, with single cabinet power rising from 5-8 kW to 20-50 kW, and potentially exceeding 100 kW [19]. - NVIDIA is promoting the transition to an 800V HVDC power supply architecture, which is expected to be fully implemented by 2027 [26][28]. 2. SST (Solid State Transformer) - SSTs are characterized by high efficiency and compact size, making them suitable for modern power supply needs [37]. - The adoption of SST technology is expected to become mainstream in future power supply solutions, significantly improving space utilization and power efficiency in data centers [47]. 3. HVDC and SST Impact on Power Semiconductors - The report indicates that HVDC and SST solutions will enhance the performance requirements for power semiconductors, creating a favorable environment for the penetration of SiC/GaN devices [56]. - The market for SiC/GaN devices is projected to reach $2.7 billion by 2030, driven by their application in 800V HVDC data center power systems [11][68]. 4. SiC/GaN Growth Potential - The report identifies key companies that are well-positioned to benefit from the growth in SiC/GaN devices, including industry leaders like Innoscience and Tianyu Advanced [3][14]. - The penetration rates for SiC and GaN in the power semiconductor market are expected to increase, with forecasts suggesting a rise in demand due to AI computing facilities [68].

Group 1 - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to between 3.75% and 4.00%, marking the fifth rate cut since September 2024 [1] - Following the rate cut, the Hong Kong stock market opened higher, with the Hong Kong Stock Connect Technology ETF (513860) experiencing a 1.45% decline during trading, with a transaction volume exceeding 45 million yuan [1] - Among the constituent stocks, InnoCare Pharma rose over 8%, while other companies like Tencent Holdings and Geely Automobile also saw gains, whereas ZTE Corporation dropped more than 11% [1] Group 2 - As of October 29, the Hong Kong Stock Connect Technology ETF (513860) has achieved a year-to-date increase of 50.90% [2] - The ETF closely tracks the CSI Hong Kong Stock Connect Technology Index, which selects 50 large-cap technology companies with high R&D investment and rapid revenue growth [2] - Global monetary policy is shifting towards easing, enhancing investor risk appetite and creating favorable conditions for stock investments, with several foreign institutions optimistic about emerging market opportunities [2] - Citic Securities noted that the Fed's rate cut is a direct benefit for the Hong Kong stock market, with ample liquidity and continuous inflow of southbound funds [2]

InnoScience (Suzhou) Technology Holding Co., Ltd. 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 本人╱吾等（附註1） （姓名） 地址為 （地址） 為英諾賽科（蘇州）科技股份有限公司（「本公司」） 股境內未上市股份╱ 股H股（附註2）的 登記持有人，茲委任（附註3）會議主席或 （姓名）地址為 （地址） 為本人╱吾等的代表，代表本人╱吾等出席本公司謹訂於2025年11月18日（星期二）下午四時假座中國江蘇省蘇州 市吳江區黎里鎮北厙新黎路98號研發大樓9樓會議室舉行之2025年第二次臨時股東會（及其任何續會），以審議並酌 情通過召開上述會議通告所載的決議案，並於該會議（及其任何續會）上代表本人╱吾等依照下列欄內所示以本人╱ 吾等的名義就有關決議案投票表決： | | 普通決議案 | 贊成（附註4） | 反對（附註4） | 棄權（附註4） | | --- | --- | --- | --- | --- | | 1. | 審議及批准2025年度審計機構薪酬調整的議案； | | | | | 2. | 審議及批准申請工商變更公司註冊資本及《公司章程》備案的 | ...

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通告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本通告全部或任何部份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。 2. 審議及批准申請工商變更公司註冊資本及《公司章程》備案的議案。 InnoScience (Suzhou) Technology Holding Co., Ltd. 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 臨時股東會通告 茲通告英諾賽科（蘇州）科技股份有限公司（「本公司」）謹訂於2025年11月18日 （星期二）下午四時假座中國江蘇省蘇州市吳江區黎里鎮北厙新黎路98號研發大樓9樓 會議室召開及舉行2025年第二次臨時股東會（「臨時股東會」），以審議並酌情通過下列 決議案： 普通決議案 1. 審議及批准2025年度審計機構薪酬調整的議案； 承董事會命 英諾賽科（蘇州）科技股份有限公司 董事長兼執行董事 Weiwei Luo博士 香港，2025年10月27日 於本通告日期，董事會包括執行董事Weiwei Luo博士、J ...

閣下如已售出或轉讓名下全部英諾賽科（蘇州）科技股份有限公司的股份，應立即將本通函連同隨附的代 表委任表格轉交買方或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買方或承讓 人。 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通函的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就本通函全部或任何部份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。 此乃要件 請即處理 閣下如對本通函任何方面或將採取的行動有任何疑問，應諮詢股票經紀或其他註冊證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 InnoScience (Suzhou) Technology Holding Co., Ltd. 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 2025年度審計機構薪酬調整 申請工商變更公司註冊資本及《公司章程》備案 及 臨時股東會通告 英諾賽科（蘇州）科技股份有限公司謹訂於2025年11月18日（星期二）下午四時假座中國江蘇省蘇州市吳 江區黎里鎮北厙新黎路98號研發大樓9樓會議室舉行 ...

Group 1 - Semiconductor stocks have risen significantly, with InnoCare (02577) up 10.67% to 77.8 HKD, Beike Micro (02149) up 6.44% to 53.2 HKD, Hua Hong Semiconductor (01347) up 4.67% to 86.25 HKD, and SMIC (00981) up 3.5% to 82.8 HKD [1] - The Fourth Plenary Session's communiqué emphasizes high-quality development and significant improvements in technological self-reliance during the 14th Five-Year Plan period [1] - Global memory prices are on the rise, with Samsung and SK Hynix notifying clients of potential increases in DRAM and NAND contract prices by up to 30% in Q4 [1] Group 2 - Huaxi Securities indicates a clear trend towards domestic production, suggesting a "boom" in the chip and semiconductor industry [1] - Galaxy Securities notes that short-term AI computing demand is driving domestic and international logic and storage manufacturers to expand production, with strong demand for etching and thin-film deposition equipment [1] - Long-term, the logic of domestic substitution is reinforced under the "14th Five-Year" strategy for technological self-reliance [1]

Core Viewpoint - Semiconductor stocks are experiencing a significant rise, driven by positive market sentiment and expectations of price increases in memory products [1] Group 1: Stock Performance - InnoLight Technology (02577) increased by 10.67%, reaching HKD 77.8 - Baker Hughes (02149) rose by 6.44%, reaching HKD 53.2 - Hua Hong Semiconductor (01347) saw a 4.67% increase, reaching HKD 86.25 - SMIC (00981) gained 3.5%, reaching HKD 82.8 [1] Group 2: Market Drivers - The Fourth Plenary Session's communiqué emphasizes high-quality development and significant improvements in technological self-reliance during the 14th Five-Year Plan period - Global memory prices are on the rise, with Samsung and SK Hynix notifying clients of potential increases of up to 30% in DRAM and NAND contract prices for Q4 [1] Group 3: Industry Outlook - Huaxi Securities indicates a clear trend towards domestic production, suggesting a "boom" in the chip and semiconductor industry - Galaxy Securities notes that short-term AI computing demand is driving expansion among domestic and international logic and storage manufacturers, with strong demand for etching and thin-film deposition equipment - Long-term prospects for domestic substitution are solidified under the "14th Five-Year" technology self-reliance strategy [1]

Core Viewpoint - The semiconductor sector is experiencing positive stock performance, with notable increases in share prices for several companies [1] Group 1: Company Performance - Hua Hong Semiconductor (01347.HK) increased by 5.16% [1] - Shanghai Fudan (01385.HK) rose by 4.86% [1] - InnoCare Pharma (02577.HK) saw a rise of 4.84% [1] - SMIC (00981.HK) experienced a 3.69% increase [1]