Core Viewpoint - The company has decided to cancel stock options from its 2021 stock option incentive plan due to unmet performance conditions for the fourth exercise period, resulting in the cancellation of 452.2875 thousand stock options [4][10][11]. Group 1: Stock Option Incentive Plan Overview - The stock option incentive plan was initially approved on November 29, 2021, with the first grant date set for December 22, 2021, allowing for a total of 2,003.25 thousand stock options to be granted to 2,419 individuals at an exercise price of 51.27 yuan per share [3][4]. - The plan's performance assessment spans from 2021 to 2024, with specific revenue growth targets set for each exercise period [9]. Group 2: Performance Conditions and Cancellations - The company did not meet the performance targets for the fourth exercise period, which required a cumulative revenue growth rate of at least 742% from 2020 to 2024 [9][10]. - As a result, the company has agreed to cancel all stock options corresponding to the fourth exercise period, totaling 452.2875 thousand options [10][11]. Group 3: Impact and Approval Process - The cancellation of these stock options is not expected to significantly impact the company's capital structure, financial status, or operational results [10]. - The board of directors and the supervisory board approved the cancellation with unanimous votes, confirming that the decision aligns with the company's incentive plan regulations [10][11].

Core Points - The board of directors of Hangzhou Silan Microelectronics Co., Ltd. held its 35th meeting on May 22, 2025, via communication methods, with all 12 directors present [1][2] - The board approved the proposal regarding the cancellation of stock options from the 2021 stock option incentive plan due to unmet exercise conditions for the fourth exercise period [1] - The board also approved the proposal to convene the 2024 annual general meeting of shareholders, with unanimous support from all directors [2] Summary by Sections - **Board Meeting Details** - The meeting was conducted in compliance with the Company Law and the Articles of Association, with all directors, supervisors, and senior management in attendance [1] - The meeting was chaired by Chairman Chen Xiangdong [1] - **Decisions Made** - Approval of the proposal to cancel stock options from the 2021 incentive plan due to unmet conditions [1] - Approval of the proposal to hold the 2024 annual general meeting of shareholders, with a unanimous vote of 12 in favor [2]

行权条件未成就及注销相应股票期权的公告 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。 杭州士兰微电子股份有限公司（以下简称"公司"）于2025年5月22日召开 了第八届董事会第三十五次会议和第八届监事会第二十五次会议，会议审议通过 了《关于2021年股票期权激励计划首次授予的股票期权第四个行权期行权条件未 成就及注销相应股票期权的议案》，现将相关事项公告如下： 一、股权激励计划批准及实施情况 （一）2021 年 11 月 29 日，公司第七届董事会第二十九次会议审议通过了 《关于公司 2021 年股票期权激励计划（草案）及其摘要的议案》《关于公司 2021 年股票期权激励计划实施考核管理办法的议案》《关于提请股东大会授权董事会 及其授权人士办理股票期权激励计划相关事宜的议案》等议案；公司第七届监事 会第十六次会议审议通过了《关于公司 2021 年股票期权激励计划（草案）及其 摘要的议案》《关于公司 2021 年股票期权激励计划实施考核管理办法的议案》《关 于公司 2021 年股票期权激励计划激励对象名单的议案》。 证券代码： ...

关 于 杭州士兰微电子股份有限公司 2021 年股票期权激励计划第四个行权期行权条 件未成就及注销相应股票期权相关事项 国浩律师（杭州）事务所 之 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2&No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年五月 国浩律师（杭州）事务所 法律意见书 释 义 除非另有说明，下列词语具有如下特定含义： | 公司、士兰微 | 指 | 杭州士兰微电子股份有限公司 | | --- | --- | --- | | 本次激励计划 | 指 | 杭州士兰微电子股份有限公司 2021 年股票期权激励计划 | | 本 ...

重要内容提示： 股东大会召开日期：2025年6月12日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、召开会议的基本情况 （一）股东大会类型和届次 2024年年度股东大会 证券代码：600460 证券简称：士兰微 公告编号：临 2025-026 杭州士兰微电子股份有限公司 关于召开2024年年度股东大会的通知 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。 （二）股东大会召集人：董事会 （三）投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 12 日 14 点 00 分 召开地点：浙江省杭州市西湖区黄姑山路 4 号公司三楼大会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 12 日 至2025 年 6 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段 ...

证券代码：600460 证券简称：士兰微 编号：临 2025-024 杭州士兰微电子股份有限公司 第八届董事会第三十五次会议决议公告 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。 内容详见上海证券交易所网站（www.sse.com.cn），公告编号：临 2025-025。 本议案由公司董事会提名与薪酬委员会审议通过并提交。 关联董事李志刚回避表决。表决结果：11 票同意，0 票反对，0 票弃权。 二、同意《关于召开 2024 年年度股东大会的议案》 内容详见上海证券交易所网站（www.sse.com.cn），公告编号：临 2025-026。 表决结果：12 票同意，0 票反对，0 票弃权。 杭州士兰微电子股份有限公司（以下简称"公司"）第八届董事会第三十五 次会议于 2025 年 5 月 22 日以通讯的方式召开。本次董事会已于 2025 年 5 月 16 日以电子邮件等方式通知全体董事、监事、高级管理人员，并电话确认。会议应 到董事 12 人，实到 12 人，公司监事、高级管理人员列席了本次会议。会议由董 事长陈向东先生主 ...

Group 1: Consumer Electronics Sector - The CSI Consumer Electronics Theme Index (931494) decreased by 0.13% as of May 22, 2025, with mixed performance among constituent stocks [1] - Leading gainers included Xunwei Communication (300136) up 3.30%, Wenta Technology (600745) up 2.63%, and Silan Microelectronics (600460) up 2.33% [1] - The Consumer Electronics ETF (561600) also fell by 0.13%, with a latest price of 0.78 yuan, but showed a 1.42% increase over the past month [1] - The ETF's trading volume was 287.16 million yuan with a turnover rate of 1.49% [1] - Over the past two weeks, the ETF's scale increased by 16.72 million yuan, ranking it in the top 1/5 among comparable funds [1] - The ETF's share count rose by 26 million shares in the same period, also placing it in the top 1/5 among comparable funds [1] - Recent capital inflow was balanced, with a total of 22.05 million yuan attracted over the last 10 trading days [1] Group 2: Artificial Intelligence Sector - The CSI Artificial Intelligence Theme Index (930713) declined by 0.06% as of May 22, 2025, with varied performance among its constituent stocks [2] - Top performers included Kunlun Wanwei (300418) up 7.89%, New Yisheng (300502) up 1.87%, and Shitou Technology (688169) up 1.82% [2] - The AI ETF (512930) decreased by 0.15%, with a latest price of 1.31 yuan, but recorded a 2.26% increase over the past month [2] - The ETF's trading volume was 28.19 million yuan with a turnover rate of 1.44% [3] - The latest scale of the AI ETF reached 1.95 billion yuan [3] - Recent net capital inflow was 1.31 million yuan, with a total of 32.98 million yuan attracted over the last five trading days [3] - Leveraged funds are actively participating, with the latest margin buying amounting to 4.44 million yuan and a margin balance of 90.18 million yuan [3] Group 3: Online Consumption Sector - The CSI Hong Kong-Shanghai Online Consumption Theme Index (931481) fell by 0.79% as of May 22, 2025, with mixed results among its constituent stocks [4] - Leading gainers included High Xin Retail (06808) up 10.24%, Kunlun Wanwei (300418) up 6.48%, and Youzu Network (002174) up 4.86% [4] - The Online Consumption ETF (159793) decreased by 0.78%, with a latest price of 0.89 yuan, but showed a 3.46% increase over the past month [4] - The index comprises 50 companies involved in online shopping, digital entertainment, online education, and telemedicine [13] - The top ten weighted stocks in the index account for 56.94% of the total weight, with Alibaba-W (09988) having the highest weight at 14.37% [13]

Group 1 - The A-share semiconductor sector experienced an initial surge, with significant gains observed in stocks such as Xidian, which rose over 10% [1] - Other companies that followed the upward trend include Fulede, Sraypu, Chipengwei, Naxinwei, and Silan Micro [1]

Group 1 - The global N-type SiC substrate industry revenue is projected to decline by 9% in 2024, reaching $1.04 billion, primarily due to weakened demand in the automotive and industrial sectors, along with intensified market competition leading to significant price drops [2][3] - SiC, as a representative third-generation compound semiconductor material, is crucial in power electronic devices and is widely used in electric vehicles, photovoltaics, energy storage, industrial power supplies, and rail transportation [2] - The price of 6-inch SiC substrates has fallen below $500, approaching the manufacturers' cost line, due to the entry of Chinese companies into the market [2] Group 2 - Wolfspeed remains the most significant supplier in the SiC materials market with a 33.7% market share in 2024, while Chinese companies TanKeBlue and SICC hold the second and third positions with 17.3% and 17.1% market shares, respectively [5] - The aggressive pricing strategies of Chinese companies are disrupting the existing market structure, leading to concerns about increased internal competition and potential impacts on product quality [6][7] - The entire SiC device-related ecosystem is experiencing continuous capacity growth, raising concerns about the sustainability of the market dynamics [7] Group 3 - Silan Microelectronics has achieved a monthly production capacity of 9,000 pieces of 6-inch SiC MOS chips, with 50,000 units shipped to four domestic automotive manufacturers [9] - As the ecosystem improves, domestic companies are focusing on quality enhancement alongside competitive pricing, with Silan's 8-inch mini line achieving higher yield rates compared to the 6-inch line [9]

Core Viewpoint - The company has provided a guarantee of 356.811 million RMB for its associate, Xiamen Silan Jike Microelectronics Co., Ltd., to support its financing needs, with a total actual guarantee balance of 512 million RMB as of the announcement date [1][2]. Summary by Sections Guarantee Overview - The company signed two guarantee contracts with the Xiamen branch of the National Development Bank on May 19, 2025, providing joint liability guarantees corresponding to its 27.447% equity stake in Silan Jike [1]. - The total guarantee amount is 356.811 million RMB, with specific amounts of 137.235 million RMB and 219.576 million RMB for two loans [1][7]. - There are no counter-guarantees involved, and the company has no overdue external guarantees [1][2]. Internal Decision-Making Process - The guarantee was approved in the company's board meeting on April 23, 2025, and the first extraordinary shareholders' meeting on May 9, 2025, allowing the chairman to sign the guarantee agreements [1][8]. Financial Data of Silan Jike - As of the latest financial data, Silan Jike has total assets of 929.114 million RMB and total liabilities of 572.427 million RMB, resulting in net assets of 356.687 million RMB [3]. - The company reported a revenue of 74.415 million RMB and a net profit of 376 thousand RMB, indicating a significant loss of 12.404 million RMB in the audited figures [3]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary as Silan Jike is a key supplier for the company's 12-inch chip products, and the funding will support the construction and operation of its production line [7]. - Silan Jike has a stable operational status and good creditworthiness, indicating its ability to repay the loans [7]. Board Opinions - The board of directors has confirmed that the guarantee complies with relevant laws and regulations, and it does not harm the interests of the company or its shareholders [8]. Cumulative External Guarantee Amount - As of the announcement date, the total approved external guarantees by the company and its subsidiaries amount to 5.1658 billion RMB, which is 42.29% of the latest audited net assets [8].