Core Viewpoint - The Supreme People's Court of China has ruled in favor of InnoPhase, confirming the jurisdiction of the Suzhou Intermediate People's Court over the patent infringement case against Infineon Technologies [1] Group 1: Legal Developments - InnoPhase filed a patent infringement lawsuit against Infineon China, Infineon Wuxi, and Chipone Technology in January 2025 [1] - Infineon raised a jurisdictional objection, which was initially rejected by the Suzhou Intermediate Court [1] - Infineon subsequently appealed to the Supreme People's Court, which upheld the lower court's decision [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 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 於2025年4月30日舉行之股東周年大會投票結果 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4月9日有關 本公司股東周年大會（「股東周年大會」）通函（「通函」）及股東周年大會通告。除 另有界定者外，本公告所用詞彙與通函所界定者具有相同涵義。 於股東周年大會上所提呈決議案的投票表決結果如下： | | 普通決議案 | | 投票數目（佔投票總數的概約百分比） | | | --- | --- | --- | --- | --- | | | | 贊成 | 反對 | 棄權 | | 1. | 審議及批准本公司2024年度董事會報告 | 712,447,701 | 0 ...

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 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 目前，本公司700V高壓氮化鎵產品已成功於美的抽油煙機實現量產，未來將進一 步應用到美的空調、冰箱、洗衣機及淨飲機等產品當中。 1 股東及潛在投資者於買賣本公司證券時，務請審慎行事。 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 中國，2025年4月29日 於本公告日期，本公司董事會包括執行董事Weiwei Luo博士、Jay Hyung Son先 生、吳金剛博士及鍾山先生；非執行董事汪燦博士、張彥紅女士及崔米子女士； 及獨立非執行董事黃顯榮先生，榮譽勛章，太平紳士、易繼明博士、楊士寧博士 及陳正豪博士。 2 自願公告 與美的廚熱事業部 ...

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 （於中華人民共和國註冊成立的股份有限公司） 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 中國，2025年4月14日 （股份代號：2577） 自願公告 產品開發最新進展 本公告由英諾賽科（蘇州）科技股份有限公司（「本公司」，連同其附屬公司，「本集 團」）自願作出，旨在使本公司股東及潛在投資者瞭解本公司最新業務發展情況。 本公司董事會（「董事會」）宣佈，本公司發佈了自主開發的1200V氮化鎵(GaN)產 品，該款產品憑藉寬禁帶特性，在高壓高頻場景優勢顯著，具備零反向恢復電荷 的核心優勢，有助於進一步推動能源轉換系統的效率提升和小型化，可廣泛應用 於新能源汽車、工業以及AI數據中心等領域。該款產品在新能源汽 ...

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。 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。 InnoScience (Suzhou) Technology Holding Co., Ltd. 2024年度利潤分配方案 2024年年度報告 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 2024年度董事會報告 2024年度獨立非執行董事述職報告 2024年度監事會報告 2024年度財務報告 2024年度財務決算報告 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 2024年環境、社會及管治報告 2024年度董事薪酬 2024年度 ...

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 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 股東周年大會通告 (a) 在符合香港聯合交易所有限公司（「香港聯交所」）證券上市規則現行 規定的情況下及受下文(b)段所規限，一般及無條件授予本公司董事 一般授權，以(i)配發、發行及處置（包括出售或轉讓任何庫存股份） 本公司股本中的額外普通股；(ii)根據所有適用法律、規則及法規以 及公司章程的條文於有關期間（定義見下文）內或結束後，作出或授 予可能須行使有關權力的要約、協議或購股權；(iii)就發行股份及註 冊資本對公司章程作出其審慎認為屬必要的任何修訂；及(iv)採取任 何其他必要行動及進行其他必要程序，以實施發行及實現註冊資本增 加； (b) 董事根據上文(a)段授權配發 ...

Financial Performance - InnoScience reported a revenue increase of 25% year-over-year, reaching RMB 1.5 billion for the fiscal year 2024[8]. - The company projects a revenue growth of 20% for the next fiscal year, targeting RMB 1.8 billion[8]. - The company's sales revenue reached RMB 828.5 million, representing a year-on-year growth of 39.8%[15]. - The total revenue of the group increased by 39.8% from RMB 592.7 million in 2023 to RMB 828.5 million in 2024, driven by increased product sales due to market demand[37]. - Revenue from the sale of GaN discrete devices and integrated circuits increased by 87.8% from RMB 192.1 million in 2023 to RMB 360.8 million in 2024, reflecting market penetration in expanding application scenarios[40]. - Overseas sales revenue reached RMB 126.4 million, marking a year-on-year increase of 118.1%[16]. - The gross margin improved to 40%, up from 35% in the previous year, reflecting operational efficiencies[8]. - The gross loss margin improved significantly from -61.1% in 2023 to -19.5% in 2024, an increase of 41.6 percentage points[15]. - Other net income rose by 11.2% from RMB 65.0 million in 2023 to RMB 72.2 million in 2024, mainly due to increased government subsidies and foreign exchange gains[41]. Market Expansion and Product Development - The user base expanded by 30%, with active users now totaling 2 million[8]. - New product launches contributed to a 15% increase in market share within the semiconductor sector[8]. - The company launched over 50 new products during the reporting period, with 471 customer integrations[16]. - The company expanded its product applications in consumer electronics, achieving a 48.0% increase in revenue from this segment[15]. - The company has developed a full range of GaN solutions for data centers and home appliances, gaining wide recognition from major customers[34]. - The company plans to expand its market presence in Southeast Asia, aiming for a 10% market penetration by 2025[8]. - The company is the first in the world to mass-produce 8-inch wafers for GaN, leveraging multi-domain technological advantages and industry chain collaboration to achieve strong sales growth[21]. Research and Development - Research and development expenses increased by 10%, totaling RMB 200 million, focusing on advanced semiconductor technologies[8]. - R&D investment accounted for 38.99% of revenue in 2024, with a total of 422 patents granted, covering the entire voltage spectrum from 15V to 1,200V[19]. - The newly developed 3.0 generation process platform increased the output of single-chip wafers by over 30%, enhancing key performance indicators of the chips[19]. - R&D costs decreased by 7.4% from RMB 348.7 million in 2023 to RMB 323.0 million in 2024, attributed to lower unit costs and optimized team structure[44]. Corporate Governance and Management - The company has established a comprehensive internal management system for human resources, including recruitment, training, and internal referrals[73]. - The company is committed to maintaining high levels of corporate governance to protect shareholder interests and enhance corporate value[111]. - The board consists of 11 members, including 4 executive directors, 3 non-executive directors, and 4 independent non-executive directors[113]. - The company has established mechanisms to ensure the independence of the board and to avoid conflicts of interest in decision-making[117]. - The company has adopted a corporate governance code and has complied with all provisions since its listing up to December 31, 2024[111]. Financial Position and Investments - The total loans and borrowings decreased from RMB 2,054.6 million in 2023 to RMB 1,923.9 million in 2024[48]. - The current ratio improved from 1.2 times in 2023 to 2.5 times in 2024, mainly due to increased cash reserves from global fundraising[50]. - Capital expenditures for the year amounted to RMB 171.8 million, down from RMB 331.3 million in 2023, primarily for the construction of R&D facilities[58]. - The company has no significant future investment or capital asset plans disclosed beyond those in the prospectus as of December 31, 2024[61]. Shareholder Relations and Equity - The company has established a shareholder communication policy to enhance investor relations and ensure timely and accurate information disclosure[139]. - Shareholders holding more than 10% of shares can request the board to convene an extraordinary general meeting[137]. - The company has established multiple channels for shareholder communication, including a dedicated investor relations section on its website[140]. - The company has not declared or paid any dividends for the year ending December 31, 2024[166]. Risk Management - The company has established a robust risk management and internal control system to ensure compliance and operational efficiency[142]. - The board is responsible for reviewing the adequacy and effectiveness of the risk management and internal control systems at least annually[143]. - Compliance risk management procedures are in place to effectively identify and manage compliance risks, ensuring operations adhere to applicable laws and regulations[145]. Leadership and Board Composition - Dr. Weiwei Luo, the founder and executive director, has been with the group since July 2017 and is responsible for overall business development and strategic planning[74]. - The company has a diverse board with members possessing expertise in finance, law, and semiconductor technology, enhancing its strategic capabilities[86]. - The leadership team is focused on driving business growth and innovation in semiconductor technology and financial management[75][77][82].

（股份代號：2577） 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 （於中華人民共和國註冊成立的股份有限公司） 董事會認為，意法半導體與英諾賽科的戰略合作將進一步擴大和加速氮化鎵技術 普及，雙方團隊將共同致力於開發下一代氮化鎵技術。 自願公告 氮化鎵技術聯合開發協議 本公告由英諾賽科（蘇州）科技股份有限公司（「本公司」或「英諾賽科」）自願作出。 本公司董事會（「董事會」）宣佈，英諾賽科與意法半導體（「意法半導體」）（本公司 的獨立第三方）簽署了一項基於氮化鎵（「氮化鎵」）功率技術開發與製造的聯合開 發協議（「聯合開發協議」），旨在未來幾年內共同推動該技術在消費電子、數據中 心、汽車及工業電源系統等領域的應用。根據聯合開發協議，英諾賽科可使用意 法半導體在中國以外地區的製造產能生產其氮化鎵晶 ...

Summary of InnoSilicon Conference Call Company Overview - **Company**: InnoSilicon - **Industry**: Gallium Nitride (GaN) Semiconductor Technology Key Points Industry and Technology Insights - **GaN Advantages**: GaN technology is revolutionizing power semiconductor materials with high efficiency, high frequency, and high power density, making it suitable for modern applications in AI, electric vehicles, and data centers [3][4][13] - **Comparison with SiC**: GaN outperforms Silicon (Si) and Silicon Carbide (SiC) in applications below 1,200 volts, particularly in mobile fast charging and electric vehicles [3][4] - **Market Demand**: Over 90% of global power demand is below 1,200 volts, where GaN shows significant advantages [4] Financial Performance - **2024 Revenue**: InnoSilicon's total revenue reached 828 million yuan, with wafer and discrete device revenue growing 60% year-over-year to 644 million yuan [3][7] - **Future Projections**: The company anticipates that non-consumer business segments, driven by AI data centers and electric vehicles, will exceed 60% of total revenue by 2026, enhancing profitability [3][8] Market Expansion - **Consumer Electronics**: GaN chargers and adapters have surpassed 50% market penetration, with expansion into home appliances expected to drive significant growth in 2025-2026 [3][9] - **Automotive and Server Markets**: Key growth drivers for GaN include automotive electronics and server markets, with applications in onboard charging systems and data center efficiency improvements [3][10] Production and Capacity - **Current Production**: InnoSilicon has several GaN products in mass production, including automotive radar and charging systems [3][14] - **Capacity Goals**: The company aims to reach a production capacity of 20,000-22,000 wafers by the end of 2025, with plans for full capacity at the Suzhou plant (65,000-70,000 wafers) by late 2027 to early 2028 [20][23] Financial Outlook - **Profitability Timeline**: InnoSilicon expects to achieve gross profit by 2025 and net profit by the second half of 2026 [22][29] - **Utilization Rates**: The production capacity utilization rate is projected to be around 70% in 2024, increasing to 75%-80% in 2025 [21][23] Strategic Model - **IDM Model**: The company employs an Integrated Device Manufacturer (IDM) model, allowing for optimized design and manufacturing processes, crucial for GaN technology [19] Challenges and Future Development - **Scaling Production**: The company is focused on scaling production and building an ecosystem around GaN technology, including drivers and controllers [5][28] - **Market Competition**: The GaN industry has a higher technical barrier compared to SiC, leading to a more concentrated market with fewer competitors [6] Emerging Applications - **Robotics**: GaN is expected to play a significant role in robotics, particularly in joint drive motors and power supplies, with a vast market potential as humanoid robots become more prevalent [17][18] Conclusion - **Future Growth**: InnoSilicon is positioned for rapid growth in the semiconductor industry, driven by advancements in AI, electric vehicles, and robotics, with a strong focus on GaN technology [29]

Core Viewpoint - Innosilicon, a leading third-generation semiconductor company in China, reported a significant improvement in its financial performance for the fiscal year 2024, with a sales revenue of 828.5 million, representing a 39.8% increase from 2023, and a substantial reduction in overall gross loss margin from -61.6% to -19.5% [1] Group 1: Financial Performance - Innosilicon achieved a sales revenue of 828.5 million in 2024, marking a 39.8% growth compared to 2023 [1] - The overall gross loss margin improved significantly from -61.6% in 2023 to -19.5% in 2024, an increase of 42.1 percentage points [1][3] Group 2: IDM Model and Technological Innovation - Innosilicon's rise is attributed to its disruptive innovation in the IDM (Integrated Device Manufacturing) model, establishing the world's first 8-inch silicon-based gallium nitride production line [2] - The company has achieved a wafer production capacity of 13,000 pieces per month, with a manufacturing yield exceeding 95%, ensuring lower production costs and higher product quality [2][3] Group 3: Competitive Advantage and Market Position - Innosilicon is positioned as a leader in the consumer electronics market, benefiting from the explosive growth in emerging industries such as AI computing, electric vehicles, and robotics [5] - The company has developed a strong customer base across various sectors, including power semiconductor manufacturers, automotive OEM suppliers, and renewable energy companies, enhancing its supply chain capabilities [8] Group 4: Future Outlook - The global gallium nitride power semiconductor market is projected to reach 50.1 billion RMB by 2028, with Innosilicon poised to capitalize on this growth [7] - Innosilicon is expected to enter a "blowout period" in 2025, driven by increasing demand for AI computing and electric vehicles, as well as its ongoing product innovations [6][7]