Core Viewpoint - The company, Shengyi Technology, is experiencing growth in the electronic industry, driven by technological innovation and structural improvements, with a projected revenue increase and a focus on high-quality electronic materials [3][12]. Company Overview - Shengyi Technology specializes in the design, production, and sales of copper-clad laminates and printed circuit boards (PCBs), with applications in high-performance electronics such as AI servers, 5G antennas, and automotive electronics [3][5]. - The global electronic industry is expected to reach $2.72 trillion in 2024, growing by 4.9%, with significant contributions from AI technology and the recovery of the consumer electronics market [3][12]. Financial Performance - In 2024, the company produced 143.71 million square meters of copper-clad laminates, a 17.03% increase year-on-year, and achieved a revenue of 20.39 billion yuan, up 22.92% from the previous year [12][13]. - The sales of various products, including copper-clad laminates and bonding sheets, also saw significant growth, with sales of copper-clad laminates increasing by 19.40% [12][13]. Market Position - Shengyi Technology ranked second globally in rigid copper-clad laminate sales, with a market share of 14% in 2023, reflecting its strong competitive position [7]. - The company has been proactive in R&D, applying for numerous patents and achieving certifications from leading manufacturers in various high-tech fields [7][8]. Operational Strategy - The company emphasizes a customer-centric approach, focusing on quality control, product innovation, and strategic partnerships with suppliers to enhance its competitive edge [5][6]. - Shengyi Technology has implemented a flexible pricing strategy and optimized product structure to adapt to market fluctuations and customer demands [13][15]. Future Outlook - The company anticipates continued growth driven by advancements in AI and high-performance materials, despite facing challenges such as market competition and fluctuating raw material prices [3][12][13]. - Shengyi Technology is committed to enhancing its internal management and production processes to maintain product quality and operational efficiency [15][16].

Core Viewpoint - The company has decided to repurchase and cancel a total of 97,600 shares of restricted stock from four incentive recipients due to their disqualification from the incentive program, either due to personal reasons or failure to meet performance criteria [1][7][10]. Group 1: Decision Process and Disclosure - The company's board and supervisory board approved the repurchase of restricted stock in accordance with the 2024 Restricted Stock Incentive Plan [1][2]. - The supervisory board verified the related matters and issued relevant opinions on the incentive plan [3][6]. - The company conducted a self-examination regarding insider trading prior to the announcement of the incentive plan and found no violations [5][6]. Group 2: Reasons and Details of Repurchase - The repurchase involves 86,000 shares from two recipients who left the company and 11,600 shares from two recipients who did not meet performance standards [7][8]. - The repurchase price is set at 9.44 yuan per share, which is the grant price adjusted for interest [9][10]. Group 3: Impact and Future Steps - The repurchase will not significantly affect the company's financial status or operational results, nor will it impact the management team's performance [9][10]. - The company will follow legal procedures for the reduction of capital and fulfill information disclosure obligations [10][11].

Core Insights - The report highlights the commitment of the company to sustainable development, emphasizing the integration of environmental, social, and governance (ESG) principles into its operations and decision-making processes [1][2][6] - The company has established a comprehensive governance structure to oversee its ESG initiatives, ensuring accountability and transparency in its sustainability efforts [6][7] Group 1: Company Overview - The company, founded in 1985, is a leading global supplier of electronic circuit substrates, specializing in the design, production, and sales of copper-clad laminates and semi-cured sheets [2][3] - It has maintained the second-largest sales volume of rigid copper-clad laminates globally since 2013, according to Prismark research [2][3] - The company has received numerous certifications and awards, including being recognized as a national technology innovation demonstration enterprise and a top 500 enterprise in China [3][4] Group 2: Sustainable Development Initiatives - The company has been publishing annual social responsibility reports since 2008 and has transitioned to an annual ESG report format starting in 2023 [1][2] - It has set clear sustainability goals, focusing on energy conservation, emission reduction, and the use of clean energy [2][6] - The company actively promotes the recycling and resource utilization of electronic waste, adhering to the principles of reduction, reuse, and recycling (3R) [5][6] Group 3: Environmental and Social Governance - The company has established an ESG management group under the board of directors to supervise and guide its environmental protection and social responsibility efforts [6][7] - It has implemented a risk assessment mechanism to identify and mitigate potential ESG-related risks, ensuring compliance with relevant laws and regulations [6][7] - The company engages with stakeholders to understand their needs and expectations, fostering a collaborative approach to sustainable development [6][7] Group 4: Innovation and Technology - The company has invested significantly in research and development, focusing on innovative solutions such as biodegradable copper-clad laminates to address electronic waste [2][5] - It collaborates with suppliers to promote the use of recycled materials in the production process, aiming to reduce carbon emissions at the source [5][6] - The company is committed to achieving a circular economy model, optimizing production processes to minimize waste and enhance resource efficiency [5][6]

Core Points - The company aims to enhance its economic strength and provide reasonable returns to shareholders while contributing to the development of the national electronic materials industry [5][6] - The company is established as a joint-stock limited company in accordance with relevant laws and regulations, with a registered capital of RMB 2,429,262,930 [4][5] - The company’s shares are issued in the form of stocks, and the issuance follows principles of openness, fairness, and justice [6][7] Chapter Summaries General Provisions - The company is established to protect the legal rights of shareholders and creditors, and to regulate its organization and behavior according to the Company Law and Securities Law [2][4] - The company is registered in Dongguan City and has obtained a business license [2] Business Objectives and Scope - The company's business objectives include continuous enhancement of economic strength and sustainable development [5] - The business scope includes the design, production, and sale of various electronic materials and components [5] Shares - The company’s shares are issued publicly, ensuring equal rights for all shareholders [6][7] - The total number of shares issued at establishment was 155 million, with a current total of 2,429,262,930 shares [6][7] Shareholders and Shareholder Meetings - Shareholders have rights to dividends and can participate in shareholder meetings to exercise their voting rights [12][14] - The company must hold annual shareholder meetings within six months after the end of the previous fiscal year [42] Board of Directors - The board of directors is responsible for the overall management of the company and must report to the shareholders [30][31] - The board must ensure compliance with laws and regulations during meetings and decision-making processes [30][31] Financial Accounting System - The company has established a financial accounting system and internal auditing procedures to ensure transparency and accountability [8] Amendments to the Articles - The articles of association can be amended following the procedures outlined in the Company Law and the company’s regulations [8] Miscellaneous Provisions - The articles serve as a legally binding document for the company, shareholders, directors, supervisors, and senior management [4][5]

Core Viewpoint - The independent directors of Guangdong Shengyi Technology Co., Ltd. have diligently fulfilled their responsibilities in 2024, ensuring the protection of the interests of the company and its shareholders, particularly minority shareholders [1][10]. Independent Directors' Basic Information - Du Jiajue is a practicing lawyer in Hong Kong and the UK, with extensive experience in various legal and corporate governance roles [1]. - Li Shuhua holds a PhD in accounting and has served in significant positions within the China Securities Regulatory Commission and as chairman of multiple companies [2]. Attendance at Meetings - Du Jiajue attended all 4 board meetings in 2024, while Li Shuhua attended 6 out of 6 meetings before his departure in June 2024 [3][4]. Participation in Committees - Li Shuhua participated in the remuneration committee meetings 2 times and the nomination committee meetings 2 times, actively engaging in discussions regarding executive compensation and candidate qualifications [4][5]. - Du Jiajue attended 1 independent director meeting focused on related party transactions [5]. Communication with Shareholders - The independent directors maintained open communication with minority shareholders, ensuring their opinions were considered in decision-making processes [5][6]. Internal Control and Audit - The company conducted a self-evaluation of its internal control systems, which were found to be effective and compliant with regulatory requirements [7][8]. - The independent directors engaged in discussions with internal audit and accounting firms to ensure the objectivity of audit results [5][8]. Related Party Transactions - The independent directors reviewed related party transactions, confirming that they did not harm the interests of the company or minority shareholders [6][9]. Financial Reporting and Compliance - The company’s financial reports were deemed fair and comprehensive, with no significant discrepancies noted [6][9]. - The independent directors ensured compliance with legal and regulatory requirements regarding information disclosure [10]. Overall Evaluation and Future Recommendations - The independent directors have positively contributed to the company's governance and decision-making processes, with plans to continue providing constructive advice in the future [10][11].

Core Viewpoint - The legal opinion letter confirms that Guangdong Shengyi Technology Co., Ltd. has obtained the necessary approvals for the repurchase and cancellation of part of the restricted stock from the 2024 incentive plan, and that the conditions for the first release of restrictions have been met [1][8][12]. Group 1: Approval and Authorization - The company has received approval from the board of directors and the supervisory board for the repurchase and cancellation of restricted stocks [5][8]. - The legal opinion is based on relevant laws and regulations, ensuring that the facts and conclusions presented are accurate and complete [2][3]. Group 2: Repurchase and Cancellation Details - The company plans to repurchase 97,600 shares of restricted stock from four individuals due to personal reasons and performance issues [6][7]. - The repurchase price is set at 9.44 yuan per share, which is calculated based on the original grant price adjusted for dividends [7][8]. Group 3: Release of Restrictions - The first release period for the restricted stocks will end on July 3, 2025, allowing for a 40% release of the granted stocks [8][12]. - The conditions for the release of restrictions have been met, including performance targets and compliance with legal requirements [9][12]. Group 4: Compliance and Disclosure - The company must complete necessary procedures for changes and cancellations of shares and fulfill information disclosure obligations [8][12]. - The legal opinion letter is intended solely for the purpose of the incentive plan and cannot be used for other purposes without written consent [4].

广东生益科技股份有限公司章程 （2025 年 3 月修订） 目 录 第五章 董事会 1 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东大会 第一节 股东 第二节 股东大会的一般规定 第三节 股东大会的召集 第四节 股东大会的提案与通知 第五节 股东大会的召开 第六节 股东大会的表决和决议 第一节 董事 第二节 独立董事 第三节 董事会 第六章 总经理及其他高级管理人员 第七章 监事会 第一节 监事 第二节 监事会 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知与公告 第一节 通知 2 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 第一章 总则 第一条 为维护广东生益科技股份有限公司(以下简称"公司")、股东和债权人的合法权益，规范公司的 组织和行为，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）和其他有关 ...

广东生益科技股份有限公司 2024 年度独立董事述职报告 （景乃权、陈宏辉） 景乃权及陈宏辉（已离任）作为广东生益科技股份有限公司（以下简称"公 司"）的独立董事，在2024年度工作中，根据《公司法》《证券法》《上市公司 治理准则》《上市公司独立董事管理办法》等有关法律、法规以及《公司章程》 等规定，认真履行独立董事的职责，努力维护公司利益和全体股东特别是中小股 东的合法权益。现将景乃权及陈宏辉2024年度独立董事履行职责情况报告如下： 一、独立董事基本情况 景乃权为新华社特约经济分析师，浙江省公共政策研究院研究员。曾任浙江 大学金融系副教授、硕士生导师，浙江大学金融投资研究中心副主任、浙江大学 江万龄黄金投资研究所所长，浙江大学求是经济技术咨询有限公司董事长兼总经 理，广东发展银行杭州分行高级顾问等。主持国家社科基金教育部基金和财政部 发改委等省部级多项基金，主编参编专著及国家级教材二十多部，发表论文两百 多篇。目前兼任杭州市可靠护理用品有限公司（证券代码：301009）独立董事。 陈宏辉为中山大学管理学院教授、管理学博士生导师。1993年7月至2003年6 月在武汉科技大学管理学院工作，历任助教、讲师，2 ...

赵彤为中国科学院化学研究所创新中心主任。1997年8月至今，历任中国科 学院化学研究所助理研究员、副研究员、研究员、博士生导师。现任中国科学院 极端环境高分子材料重点实验室主任，兼职中国复合材料学会聚合物基复合材料 分会、空天动力复合材料分会委员，中国化学会高分子分会委员，《宇航材料工 艺》、《高分子学报》杂志编委。研究领域是高性能复合材料树脂基体。研制的 多种新型耐烧蚀酚醛树脂、超高温陶瓷前驱体和邻苯二甲腈树脂支撑了航天复合 材料的技术发展和型号应用。现任北方长龙新材料技术股份有限公司独立董事。 韦俊为工学学士、工商管理硕士。1990年参加工作，1994年入党，先后在四 川长虹机器厂、机械电子工业部、信息产业部、工业和信息化部工作，历任副处 长、处长、副司长。2015年7月起，任国家集成电路产业投资基金股份有限公司、 国家集成电路产业投资基金二期股份有限公司副总裁。2023年11月申请辞去公司 独立董事职务，2024年6月正式离任。 在任职期间，我们及直系亲属、主要社会关系不在公司及其附属企业任职、 未直接或间接持有公司股份、不在直接或间接持有公司已发行股份5%或5%以上的 股东单位任职。 没有为公司或公司 ...

广东生益科技股份有限公司 2024 年度独立董事述职报告 （蒋基路、卢馨） 蒋基路及卢馨（已离任）作为广东生益科技股份有限公司（以下简称"公司"） 的独立董事，在2024年度工作中，根据《公司法》《证券法》《上市公司治理准 则》《上市公司独立董事管理办法》等有关法律、法规以及《公司章程》等规定， 认真履行独立董事的职责，努力维护公司利益和全体股东特别是中小股东的合法 权益。现将蒋基路及卢馨2024年度独立董事履行职责情况报告如下： 一、独立董事基本情况 蒋基路2010-2014年任广外会计学院审计系主任，2015-2022年任广东外语外 贸大学会计学院副院长，现担任校级研究基地"审计治理与风险控制研究中心" 主任，广东省审计学会副秘书长，广州市注册会计师协会诚信自律委员会委员， 广东省科技厅科技项目评审财务专家。近年来，主持国家级项目1 项，省部级项 目9项；公开发表论文23篇；出版专著2部，教材1部；入库中国专业学位教学案 例中心案例2个；获得省级以上教学奖励2项，科研奖励1项；2023 年由审计署联 审办遴选赴纽约参加联合国秘书处2023 财年期中审计项目，为燕塘乳业、广东 南油、广业环保、广东宏大等企业 ...