博泰車聯網科技（上海）股份有限公司 提名委員會 — 職責和議事規則 1. 成員 2. 秘書 3. 會議 – 1 – 1.1 提名委員會（「提名委員會」）須由公司董事會（「董事會」）委任，且提名委 員會的大多數成員應為獨立非執行董事。提名委員會應委任至少一名不 同性別的董事。 1.2 提名委員會之主席應由董事會委任，並須由董事會主席或委員會中之獨 立非執行董事擔任。 1.3 提名委員會任期與董事會任期一致，委員任期屆滿，連選可以連任。期間 如有委員不再擔任公司董事職務，自動失去委員資格，並由委員會根據本 規則規定補足委員人數。 2.1 提名委員會之秘書應由公司的公司秘書（「公司秘書」）擔任。 2.2 提名委員會可不時委任其他任何具備合資格及經驗之人士為提名委員會 之秘書。 3.1 提名委員會成員可以在有需要的情況下於任何時間召開會議。 3.2 任何會議舉行之前須作出適當通知，除非提名委員會全體成員一致通過 豁免該通知。不論所作出之通知期，成員出席會議將被視為成員豁免所需 之通知期。 4. 出席會議 5. 年度股東會 5.1 提名委員會之主席或（如其缺席）提名委員會之其他一名成員（必須為獨立 非執行董事）須出席本 ...

博泰車聯網科技（上海）股份有限公司 薪酬委員會 — 職責和議事規則 1. 成員 2. 秘書 3. 會議 – 1 – 1.1 薪酬委員會（「薪酬委員會」）須由公司董事會（「董事會」）委任，且薪酬委 員會的大多數成員應為獨立非執行董事。 1.2 薪酬委員會之主席須由董事會委任，並須為獨立非執行董事。 1.3 薪酬委員會任期與董事會任期一致，委員任期屆滿，連選可以連任。期間 如有委員不再擔任公司董事職務，自動失去委員資格，並由委員會根據本 規則規定補足委員人數。 2.1 薪酬委員會之秘書由公司的公司秘書（「公司秘書」）擔任。 2.2 薪酬委員會可不時委任其他任何具備合資格及經驗之人士為薪酬委員會 之秘書。 3.1 薪酬委員會每年最少須舉行一次會議。 3.2 任何會議舉行之前須作出適當通知，除非全體成員一致通過豁免該通知。 不論所作出之通知期，薪酬委員會成員出席會議將被視為成員豁免所需 之通知期。 3.3 薪酬委員會會議所需之法定人數為任何兩名薪酬委員會成員，其中一名 成員須為獨立非執行董事。 4. 出席會議 5. 年度股東會 5.1 薪酬委員會之主席或（如其缺席）薪酬委員會之其他一名成員（必須為獨立 非執行董事）須 ...

博泰車聯網科技（上海）股份有限公司 審計委員會 — 職責和議事規則 3.1 審計委員會每季度至少須舉行一次會議，兩名及以上成員提議，或者審計 委員會主席認為有必要時，可以召開臨時會議。審計委員會會議須由不低 於三分之二的成員出席方可舉行。公司之外聘核數師如認為有需要，可要 求舉行會議。 3.2 任何會議舉行之前須作出適當通知，除非審計委員會全體成員一致通過 豁免該通知。不論所作出之通知期，審計委員會成員出席會議將被視為成 員豁免所需之通知期。 3.3 審計委員會會議所需之法定人數為任何兩名審計委員會成員，其中一名 成員須為獨立非執行董事。 3.4 會議可以親身出席、採用電話或視像會議之方式舉行。審計委員會成員可 透過會議電話或類似通訊設備（所有參與會議之人士均能夠透過該設備聆 聽對方）參與會議。 3.5 審計委員會決議的表決，應當一人一票。審計委員會之決議案須以過半數 票數通過。 3.6 由審計委員會全體成員書面簽署之決議案亦為有效，猶如其已於審計委 員會正式召開及舉行之會議上獲通過一樣。 3.7 審計委員會決議應當按規定製作會議記錄，出席會議的審計委員會成員 應當在會議記錄上簽名。審計委員會的完整會議記錄應 ...

Core Insights - The smart cockpit solution is a comprehensive solution for automotive cockpits equipped with intelligent in-car products and systems, serving as the interactive hub and experience terminal for smart vehicles, especially in the context of L3-level autonomous driving and the redefined human-vehicle relationship [1][6] - The market for smart cockpit solutions in China is expected to grow significantly, reaching 154.4 billion yuan by 2025 and 182.8 billion yuan by 2026, driven by rising consumer income and evolving demands for enhanced in-car experiences [6][8] Industry Definition and Classification - Smart cockpits are a key component of smart connected vehicles, integrating driving information and in-car applications to provide a high-tech, efficient experience for users [2][3] - Smart cockpit solutions can be categorized into software solutions, hardware solutions, and other systems, with software solutions projected to account for approximately 32.25% of the market by 2025 [4][8] Market Size and Structure - The smart cockpit solutions market in China is projected to grow from 44.2 billion yuan in 2020 to 154.4 billion yuan in 2025, with software solutions expected to reach about 49.8 billion yuan and hardware solutions about 104.6 billion yuan by 2025 [6][8] - By 2026, the software solutions market is expected to grow to approximately 60.5 billion yuan, while hardware solutions will reach about 122.3 billion yuan [8] Industry Trends - The industry is experiencing rapid evolution, with trends moving towards AI integration, deeper cockpit-driver fusion, and advancements in display technology, driven by policy support and increasing consumer demand for smart driving experiences [19][20] - AI technology is becoming a core engine for upgrading smart cockpit solutions, with AI-driven software solutions expected to capture 15-20% of the market by 2024 and potentially 35-40% by 2030 [10][11] Competitive Landscape - The competitive landscape is shifting from traditional supply chains to a complex ecosystem involving major players from automotive, consumer electronics, internet, software, and semiconductor industries [12][14] - Key players in the smart cockpit solutions market include companies like Joyson Electronics, Nanjing Siwei Zhili Technology, and Baotai Internet of Vehicles, among others [12][13] Key Companies Overview - Joyson Electronics focuses on transforming vehicles into intelligent partners through its self-developed operating system and AI architecture, providing differentiated cockpit solutions [16][17] - Nanjing Siwei Zhili Technology specializes in full-stack smart cockpit solutions, with significant revenue contributions from both software and integrated solutions [18] - Baotai Internet of Vehicles offers comprehensive smart cockpit and connected vehicle solutions, emphasizing a combination of software, hardware, and cloud services to meet diverse customer needs [19]

Core Viewpoint - The smart cockpit industry is experiencing a surge in IPO activities, with companies like Cheliantianxia seeking to go public in Hong Kong despite facing significant financial losses [1][2][4]. Group 1: IPO Activities - Cheliantianxia has submitted its prospectus for a Hong Kong IPO, following a trend among smart cockpit companies like Botai Cheliantian, Zebra Zhixing, and others [1][2]. - The smart cockpit sector is becoming a key consideration for consumers when purchasing vehicles, with a projected penetration rate of 75.1% in China's passenger car market by mid-2025 [2]. - Cheliantianxia aims to use approximately 50% of the net proceeds from its IPO for R&D in smart connected vehicle solutions, 23% for enhancing international capabilities, and 17% for increasing production capacity [3]. Group 2: Financial Performance - Cheliantianxia reported net losses of 514 million yuan, 201 million yuan, and 253 million yuan for the years 2022 to 2024, totaling nearly 1 billion yuan in losses over three years [1][5]. - The company's revenue for the same period was approximately 369 million yuan, 2.298 billion yuan, and 2.656 billion yuan, with a significant decline in revenue growth from 523% in 2023 to 15.6% in 2024 [4][5]. - Despite the losses, Cheliantianxia has delivered over 2 million vehicle computing solutions and approximately 2,000 regional controllers, indicating a growing business scale [4][6]. Group 3: Industry Challenges - The smart cockpit industry is characterized by rapid technological iteration and high R&D costs, leading to a "loss expansion" model that suggests an impending industry reshuffle [1][6]. - Many smart cockpit companies, including Botai Cheliantian, are also facing significant losses, with Botai reporting losses exceeding 1.2 billion yuan over the same three-year period [6][7]. - Cheliantianxia's revenue is heavily reliant on its vehicle computing solutions, which accounted for 100% of its revenue from 2022 to 2024, indicating a lack of diversification [7][8]. Group 4: Customer Dependency - Cheliantianxia's revenue is significantly dependent on a few major clients, with the top five customers accounting for over 95% of its revenue during the past years [8][9]. - The company is actively seeking to diversify its customer base and reduce reliance on existing clients by collaborating with new customers, particularly leading automakers [9].

Group 1 - The capital market is reassessing the investment value of the smart automotive industry chain, driven by policy breakthroughs and technological advancements [1] - Everbright Securities has initiated coverage on Baotai Carlink, a leading smart cockpit solution provider, with a "Buy" rating, while Guotai Junan Securities has also given a "Buy" rating with a target price of 280.20 HKD [1] - Experts indicate that L3-level autonomous driving commercialization requires high standards for vehicle perception, decision-making, and execution systems, necessitating deep collaboration within the industry chain [1] Group 2 - Baotai Carlink is recognized as a leading supplier of smart cockpit solutions in China, integrating both hardware and software, and has capabilities in AI model implementation and high-performance computing platform delivery [1] - The company has a deep partnership with Qualcomm, making it the supplier with the highest number of high-end smart cockpit solutions equipped with the Qualcomm 8295 chip in the Chinese market [1] - Everbright Securities projects that Baotai Carlink's revenue will grow approximately 40%, 58%, and 55% year-on-year in 2025, 2026, and 2027, respectively, consistently outpacing the industry average [1] Group 3 - Baotai Carlink has announced the nomination of Gu Jinyu and Huang Xiaolin as independent non-executive director candidates for its second board, both of whom have strong academic backgrounds in cutting-edge research [2] - The expertise of the new independent directors aligns with Baotai Carlink's focus on integrated "software, hardware, and cloud" solutions, as well as embodied intelligence and multi-domain collaboration in autonomous driving [2] - This strategic addition to the board is expected to enhance the company's core competitiveness and support its ongoing development in the automotive intelligence sector [2]

Group 1 - The capital market is reassessing the investment value of the smart automotive industry chain, driven by policy breakthroughs and technological advancements [1] - Everbright Securities has initiated coverage on Baotai Carlink, a leading smart cockpit solution provider, with a "Buy" rating, while Guotai Junan Securities has also given a "Buy" rating with a target price of 280.20 HKD [1] - Experts indicate that L3-level autonomous driving commercialization requires high standards for vehicle perception, decision-making, and execution systems, necessitating deep collaboration within the industry chain [1] Group 2 - Baotai Carlink is recognized as a leading supplier of smart cockpit solutions in China, integrating both hardware and software, and has capabilities in AI model implementation and high-end computing platform delivery [1] - The company has a deep partnership with Qualcomm, making it the supplier with the highest number of high-end smart cockpit solutions equipped with the Qualcomm 8295 chip in the Chinese market [1] - Everbright Securities forecasts that Baotai Carlink's revenue will grow approximately 40%, 58%, and 55% year-on-year in 2025, 2026, and 2027, respectively, consistently outpacing the industry average [1] Group 3 - Baotai Carlink has announced the nomination of Gu Jinyu and Huang Xiaolin as independent non-executive director candidates, both of whom have strong academic backgrounds in cutting-edge research [2] - The expertise of the new independent directors aligns with Baotai Carlink's focus on integrated "software-hardware-cloud" solutions and multi-domain collaboration in autonomous driving technology [2] - This strategic addition to the board is expected to enhance the company's core competitiveness and support its ongoing development in automotive intelligence [2]

于2025年12月23日，董事会决议提名古金宇博士及黄晓霖博士为公司第二届董事会独立非执行董事候选 人，任期自公司股东会审议通过之日起至第二届董事会任期届满之日止。刘功申博士获委任为董事会薪 酬委员会主席，自2025年12月23日起生效。 博泰车联(02889)发布公告，王延峰博士于2025年12月23日向本公司提出辞任公司独立非执行董事、董 事会薪酬委员会主席职务，自2025年12月23日起生效。王越先生于2025年12月23日向公司提出辞任公司 非执行董事职务，自2025年12月23日起生效。 ...

Group 1 - Dr. Wang Yanfeng will resign from his position as an independent non-executive director and chairman of the remuneration committee effective December 23, 2025 [1] - Mr. Wang Yue will also resign from his position as a non-executive director effective December 23, 2025 [1] - The board has nominated Dr. Gu Jinyu and Dr. Huang Xiaolin as candidates for independent non-executive directors for the second board, effective upon approval by the shareholders [1] Group 2 - Dr. Liu Gongsheng has been appointed as the chairman of the remuneration committee, effective December 23, 2025 [1]

于2025年12月23日，董事会决议提名古金宇及黄晓霖为公司第二届董事会独立非执行董事候选人，任期 自公司股东会审议通过之日起至第二届董事会任期届满之日止。 格隆汇12月23日丨博泰车联(02889.HK)宣布，因工作安排，王延峰于2025年12月23日向公司提出辞任公 司独立非执行董事、董事会薪酬委员会主席职务，自2025年12月23日起生效。 ...