北京市西城区金融大街5号新盛大厦B座19层 19/F, Tower B, Xinsheng Plaza, No.5 Financial Street, Xicheng District, Beijing 100032, China 北京观韬律师事务所 关于北京华胜天成科技股份有限公司 2025年第二次临时股东大会的法律意见书 观意字 2025BJ002830 号 致:北京华胜天成科技股份有限公司 北京观韬律师事务所(以下简称"本所")受北京华胜天成科技股份有限公 司（以下简称"公司"）之委托,指派律师出席公司 2025年第二次临时股东大 会（以下简称"本次股东大会"）。本所依据《中华人民共和国公司法》《中华 人民共和国证券法》等相关法律、行政法规、《上市公司股东会规则》(以下简 称"《规则》")以及公司现行有效的《公司章程》的有关规定,出具本法律意 见书。 本法律意见书仅供公司为本次股东大会之目的而使用,不得用作任何其他目 的。 本所律师同意将本法律意见书作为公司本次股东大会公告材料,随其他需公 告的信息一并向公众披露。本所及经办律师依据《中华人民共和国公司法》《中 华人民共和国证券法》《律师事务所从事证券法 ...

证券代码：600410 证券简称：华胜天成 公告编号：2025-048 北京华胜天成科技股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 司法》及《公司章程》的有关规定。 二、 议案审议情况 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 3,653 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 56,533,524 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 5.1558 | 本次股东大会由公司董事会召集，董事长王维航先生主持，会议采用现场投票与 网络投票相结合的方式进行表决。本次会议的召集、召开程序和表决方式符合《公 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 (一) 股东大会召开的时间：2025 年 11 月 13 日 (二) 股东大会召开的地点：北京市海淀区西北旺东路中关村软件园二期北 ...

Market Performance - The IT services sector increased by 1.47% on November 3, with Rongke Technology leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Top Gainers in IT Services - Rongke Technology (300290) closed at 29.69, up 12.04% with a trading volume of 709,800 shares and a transaction value of 2.072 billion [1] - Huina Technology (300609) closed at 45.59, up 11.79% with a trading volume of 203,300 shares and a transaction value of 920 million [1] - Shenzhou Information (000555) closed at 20.85, up 10.03% with a trading volume of 2,181,600 shares and a transaction value of 4.294 billion [1] Market Capital Flow - The IT services sector experienced a net outflow of 453 million from institutional investors, while retail investors saw a net inflow of 238 million [2] - The overall net inflow from speculative funds was 214 million [2] Individual Stock Capital Flow - Huasheng Tiancai (600410) had a net inflow of 289 million from institutional investors, but a net outflow of 84.074 million from speculative funds [3] - Shenzhou Information (000555) saw a net inflow of 248 million from institutional investors, with a significant outflow of 1.46 billion from speculative funds [3] - Zhongke Xingtai (688568) had a net inflow of 186 million from institutional investors and a net inflow of 266 million from speculative funds [3]

Core Insights - SuperX and Hua Sheng Tian Cheng have established a joint venture, SuperX Global Service Pte. Ltd., in Singapore to provide end-to-end professional services for SuperX's global AI factory project [1][2] - The joint venture aims to address the increasing global demand for computing power, which traditional data centers struggle to meet due to the high-density computing, fast interconnectivity, and efficient cooling requirements of AI workloads [1] - SuperX's modular AI factory solution simplifies the construction of AI data centers (AIDC) into a standardized process, significantly reducing construction time and deployment difficulty [1] Company Collaboration - Hua Sheng Tian Cheng has extensive experience in providing digital services to over 16,000 clients, managing large-scale complex projects, and operating a global delivery network [2] - The joint venture will offer four core services: global contact center, implementation and installation services, after-sales maintenance services, and operational management services [2] - The establishment of the joint venture is expected to integrate Hua Sheng Tian Cheng's global service network with SuperX's product technology, shortening sales cycles and accelerating the deployment of complex solutions across various industries [2] Value Chain Enhancement - Previously, SuperX's core value was primarily in the sales of advanced hardware products and solutions; the joint venture fills a critical gap in SuperX's value chain by providing full lifecycle services from deployment to long-term maintenance and optimization [2] - This development is anticipated to significantly enhance customer loyalty, transforming one-time equipment transactions into long-term service and value co-creation partnerships [2] - SuperX is expected to gain trust from large enterprise clients more quickly, facilitating the global implementation of its modular AI factory solutions [2]

Core Insights - SuperX AI Technology Limited has formed a joint venture with Huasheng Tiancheng to establish SuperX Global Service Pte.Ltd. in Singapore, aimed at providing end-to-end professional services for SuperX's global AI factory project [1][2][3] Industry Overview - The demand for computing power has surged exponentially due to the rise of generative AI like ChatGPT, leading to the emergence of modular and integrated AI data centers (AIDC) as essential engines for AI model training and inference [2][3] - The competition in the AI infrastructure sector has shifted from merely providing advanced hardware to offering comprehensive service capabilities, including deployment, management, and support [2][3][6] Company Strategy - The partnership between SuperX and Huasheng Tiancheng represents a strategic win-win, combining SuperX's innovative products with Huasheng's extensive global service network [3][4] - The joint venture will offer four core services: Global Contact Center, Deployment Service, Maintenance Service, and Managed Service, enhancing customer support and operational efficiency [4][5] Business Model Transformation - The establishment of SuperX Global Service marks a strategic elevation for SuperX, transitioning from a product supplier to a full lifecycle partner, thereby enhancing customer loyalty and long-term revenue certainty [5][6] - The joint venture aims to create a comprehensive AI infrastructure ecosystem focused on customer value, positioning SuperX as a leading AI infrastructure service provider in the Asia-Pacific region [6]

Core Viewpoint - Huasheng Tiancai (600410) and SuperX AI Technology Limited have reached a final agreement to establish a joint venture named SuperX Global Service Pte. Ltd. in Singapore, aimed at providing global end-to-end professional services for SuperX's AI products and AIDC solutions [1] Group 1 - The joint venture will be controlled by SuperX and will serve as a service provider for SuperX's global AI factory project [1] - The core mission of the joint venture includes offering professional technical support for third-party AI products [1]

Core Viewpoint - Huasheng Tiancai (600410.SH) and SuperX AI Technology Limited have announced the establishment of a joint venture, SuperX Global Service Pte. Ltd., in Singapore, aimed at providing global end-to-end professional services for SuperX's AI products and AIDC solutions [1] Group 1 - The joint venture will be controlled by SuperX [1] - The core mission of the joint venture is to serve as a service provider for SuperX's global AI factory project [1] - The joint venture will also provide technical support for third-party AI products for its clients [1]

Group 1 - The QFII system has become a significant channel for foreign capital to enter the A-share market since its introduction in 2002, with distinct stock selection preferences and investment styles compared to domestic funds [1][8] - In the third quarter, at least 121 stocks were increased in holdings by QFII, with the most significant increases not in the semiconductor sector but in electrical equipment, machinery, hardware, and chemicals [2][3] - Major QFII institutions like Morgan Stanley and Abu Dhabi Investment Authority have continued to increase their positions in A-shares, with a focus on a diversified portfolio of stocks [1][2] Group 2 - The top five industries with the most significant QFII increases in holdings in the third quarter were machinery, hardware equipment, electrical equipment, semiconductors, and chemicals [2] - Notably, only one stock from the banking sector, Nanjing Bank, was among the top 20 stocks increased by QFII, with a significant increase of 124 million shares by BNP Paribas [4] - Abu Dhabi Investment Authority has a concentrated investment style, holding only 22 stocks, and has made selective increases and decreases in its holdings, including a notable reduction in its stake in Zijin Mining [5][6] Group 3 - The GATES FOUNDATION TRUST has a concentrated portfolio with a preference for small-cap stocks, holding only two stocks at the end of the third quarter [6] - The Macau Monetary Authority has been active in increasing its holdings, particularly in the non-ferrous metals, food and beverage, and automotive sectors [7] - The QFII system is expected to expand further, with over 900 qualified foreign investors and ongoing reforms aimed at making it easier for foreign investors to participate in the Chinese market [8]

Core Viewpoint - The establishment of a joint venture, SuperX Global Service, between SuperX AI Technology Limited and Teamsun aims to provide comprehensive AI infrastructure services globally, enhancing SuperX's service capabilities and completing its product-service value chain [2][3][7]. Company Overview - SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a range of products and services including high-performance AI servers and end-to-end operations for AI data centers [12]. - Teamsun is a leading cloud computing solutions provider with over 20 years of experience, operating in 18 countries and serving more than 16,000 clients [9][10]. Joint Venture Details - The joint venture agreement involves SuperX AI Solution obtaining a 51% equity interest in SuperX Global Service, which will be incorporated in Singapore [2]. - SuperX Global Service will focus on providing end-to-end professional services for SuperX's AI Factory projects and third-party AI products [3][5]. Service Offerings - The joint venture will offer various services including global contact center support, deployment services for AI solutions, maintenance services, and managed services to ensure optimal performance of AI infrastructure [5][6]. - The partnership leverages Teamsun's extensive service network to provide rapid-response support and localized services to clients [6]. Strategic Advantages - The collaboration is expected to enhance SuperX's market competitiveness by closing the "Product + Service" business loop, thereby increasing customer loyalty [6]. - The joint venture aims to set a new benchmark in AI infrastructure services, positioning SuperX as a leading provider in the Asia-Pacific region [7][8]. Future Outlook - SuperX Global Service plans to launch standardized service products that integrate seamlessly with SuperX's hardware, providing clients with a comprehensive and efficient service experience [7]. - The establishment of this joint venture is seen as a significant step in advancing SuperX's global strategy and building a robust AI infrastructure ecosystem [8].

Core Insights - QFII continues to favor core A-share assets amid ongoing structural market trends, with a notable focus on high-end manufacturing and tactical increases in defensive assets and sectors aligned with domestic production trends [1][7] QFII Investment Trends - As of October 28, nearly 40 QFII institutions held approximately 119.4 billion yuan in A-shares, reflecting a diversified investment strategy across various sectors [1][8] - QFII has increased holdings in over 500 A-share companies, with significant investments in banking, electrical equipment, building materials, chemicals, software services, machinery, and hardware [3][4] Key Stocks with Increased Holdings - Major stocks with significant QFII increases include: - Nanjing Bank (1.24 million shares by BNP Paribas) - China Xidian (7.285 million shares by JPMorgan Securities) - Other notable stocks include Oriental Yuhong, Baofeng Energy, Huasheng Tiancheng, Hengli Hydraulic, Huazi Technology, and Siyi Electric [4][5][6] Sector Preferences - QFII's top sectors for increased stock holdings include banking, electrical equipment, and computing, with banks attracting attention due to stable dividend yields and improving performance expectations [7][10] - The electrical equipment sector benefits from strong policy support and demand growth driven by energy transition and grid upgrades [7][10] Large Institutional Preferences - Large foreign institutions, such as Goldman Sachs, are diversifying their investments across various sectors, including machinery, hardware, consumer goods, pharmaceuticals, and more [11] - Goldman Sachs holds significant positions in 52 A-share companies, indicating a broad investment strategy [11] Market Outlook - Analysts suggest that the Chinese stock market is entering a more sustainable upward trend, with recommendations for investors to shift from "selling high" to "buying low" strategies [13] - Continued positive sentiment towards Chinese assets is reflected in the strategies of major investment firms [12][13]