Core Viewpoint - The legal opinion letter from Guantao Law Firm confirms the compliance of China Software and Technology Service Co., Ltd.'s stock incentive plan and the subsequent repurchase and cancellation of unvested restricted stocks, ensuring adherence to relevant laws and regulations [1][13][15]. Group 1: Legal Framework and Compliance - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and specific management measures related to stock incentives [2][13]. - The law firm conducted thorough verification of the facts and documents provided by the company, ensuring the accuracy and legality of the conclusions drawn in the opinion [3][13]. Group 2: Stock Incentive Plan Details - The company has approved the repurchase and cancellation of 6,306,604 shares of restricted stock, which accounts for 0.67% of the total share capital [11][15]. - The repurchase prices for the restricted stocks are set at 15.42 yuan per share for the first batch, 22.41 yuan for the first reserved batch, and 28.85 yuan for the second reserved batch [8][15]. Group 3: Approval Process - The board of directors and the supervisory board have reviewed and approved the relevant proposals regarding the stock incentive plan and the repurchase of shares, with independent directors providing their consent [4][6][13]. - The company has ensured that all necessary internal decision-making procedures have been followed for the repurchase and cancellation of the restricted stocks [15]. Group 4: Reasons for Repurchase - The repurchase is primarily due to changes in the personal circumstances of certain incentive recipients, including resignations and organizational adjustments [9][14]. - The company aims to comply with the terms of the stock incentive plan, particularly in light of performance targets not being met, which has resulted in the inability to unlock the restricted stocks [14][15].

中国软件与技术服务股份有限公司 股权激励限制性股票回购注销实施公告 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个别及连带责任。 重要内容提示： | 回购股份数量 | 注销股份数量 | 注销日期 | | --- | --- | --- | | 6,306,604 | 6,306,604 | 2025 年 7 月 30 日 | 一、本次限制性股票回购注销的决策与信息披露 中国软件与技术服务股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第八届董事会第十九次会议，审议通过了《关于 2021 年限制性股票激励 计划第三个解除限售期公司业绩考核目标未达成的议案》及《关于回购注销部分 已授予但尚未解锁限制性股票的议案》，公司拟使用自有资金，回购注销 6,306,604 股限制性股票，占公司总股本的 0.67%。公司已于 2025 年 4 月 29 日 发出《中国软件关于回购注销部分限制性股票减资暨通知债权人的公告》，截至 2025 年 6 月 12 日已满 45 日，公司没有收到债权人申报债权要求清偿债务或者 提供相应担保 ...

北京观韬律师事务所 关于 中国软件与技术服务股份有限公司 2021 年限制性股票激励计划回购注销部分已授予但尚未解锁限 制性股票的 法律意见书 观意字（2025）第BJ000974号 观韬律师事务所 GuantaoLawFirm 北京市西城区金融大街 5 号新盛大厦 B 座 19 层邮编：100032 电话：861066578066 传真：861066578016 E-mail：guantao@guantao.com http：//www.guantao.com | 一、本次回购注销的批准和授权 | 6 | | --- | --- | | 二、本次回购注销的具体情况 | 11 | | 三、结论意见 | 13 | 北京观韬律师事务所 法律意见书 释 义 | 中国软件/公司/上市公司 | 指 | 中国软件与技术服务股份有限公司 | | --- | --- | --- | | 本次股权激励计划/本次激励计 | 指 | 中国软件与技术服务股份有限公司2021年限制性股票激 | | 划 | | 励计划 | | 本次回购注销 | 指 | 中国软件与技术服务股份有限公司2021年限制性股票激 | | | | 励计划回购注销 ...

Group 1 - The software ETF has a turnover rate of 4.32% and a transaction volume of 215 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past week at 396 million yuan [3] - The latest scale of the software ETF reached 4.925 billion yuan, marking a one-year high and also ranking first among comparable funds [3] - Over the past five trading days, the software ETF experienced net inflows on three days, totaling 743 million yuan [3] Group 2 - The software ETF has seen a net value increase of 7.09% over the past three years, with the highest monthly return since inception being 39.35% and the longest consecutive monthly gain being three months with a total increase of 69.40% [3] - The average return during the months of increase is 9.98% [3] Group 3 - The intelligent software development industry focuses on AI technology to provide solutions that enhance business efficiency, optimize decision-making, and improve user experience [4] - The industry is characterized by strong technology dependence, short product iteration cycles, and diverse cross-domain applications, with China showing strong capabilities in this field [4] - The growth in smart hardware shipments is expected to drive demand for intelligent software, with opportunities arising from developments in smart homes and smart vehicles [4] Group 4 - As of June 30, 2025, the top ten weighted stocks in the CSI Software Service Index include iFlytek, Kingsoft Office, Tonghuashun, Hengsheng Electronics, Runhe Software, 360, Softcom Power, Tuo Wei Information, Compass, and China Software, collectively accounting for 60.56% of the index [4] - The stock performance of the top companies includes iFlytek with a 2.88% increase and a weight of 13.93%, while Kingsoft Office increased by 0.46% with a weight of 8.15% [6]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 25, 2025, highlighting their respective valuations in billions of dollars [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are: 1. Alibaba: $1,000.00 billion 2. Tencent: $800.00 billion 3. Baidu: $600.00 billion [3] - Other notable companies in the top 10 include: - JD.com: $482.47 billion - SMIC (Semiconductor Manufacturing International Corporation): $519.90 billion - Tencent Music: $328.83 billion [3][4] Group 2: Additional Rankings - Companies ranked from 11 to 20 include: - Li Auto: $316.74 billion - Xpeng Motors: $182.36 billion - NIO: $109.38 billion [4][5] - The rankings continue with companies such as: - New Oriental: $74.44 billion - Kingsoft: $61.55 billion - Perfect World: $38.92 billion [5]

Core Points - The China Securities Central Enterprises New Momentum Theme Index (央企新动能, 931522) rose by 1.33% to 1683.98 points, with a trading volume of 25.443 billion yuan [1] - Over the past month, the index has increased by 6.81%, 7.24% over the last three months, and 1.58% year-to-date [1] - The index includes 45 representative listed companies from central state-owned enterprises in manufacturing, technology, and modern services, reflecting the overall performance of these companies [1] Index Composition - The top ten weighted stocks in the index are: Hikvision (9.55%), Changan Automobile (8.66%), AVIC Optoelectronics (6.72%), Shenzhen South Circuit (4.8%), AVIC Onboard (4.06%), China Software (3.6%), AVIC Chengfei (3.44%), China Merchants Highway (3.3%), AVIC High-Tech (3.03%), and Baoxin Software (2.95%) [1] - The market segments of the index holdings are: Shenzhen Stock Exchange (61.98%), Shanghai Stock Exchange (37.67%), and Beijing Stock Exchange (0.35%) [1] Industry Breakdown - The industry composition of the index holdings is as follows: Industrial (45.99%), Information Technology (38.00%), Consumer Discretionary (9.13%), Communication Services (4.42%), Financials (1.54%), and Materials (0.92%) [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 24, 2025 [1] - The highest-ranked company is Alibaba, with a market capitalization of 1,000 billion [3] - Other notable companies in the top 10 include Tencent with 600 billion and Baidu with 320 billion [3][4] Group 2 - The rankings show significant market values, with companies like JD.com at 489.1 billion and Kuaishou at 431.56 billion [3] - The list includes various sectors such as e-commerce, automotive, and software, indicating a diverse technology landscape [4][5] - Companies like Xpeng Motors and NIO are also featured, with market caps of 179.5 billion and 111.42 billion respectively [3][4]

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 22, 2025 [1] - The leading company is Alibaba with a market cap of 1,000.00 billion [3] - Tencent follows closely with a market cap of 900.00 billion, indicating strong competition in the sector [3] Group 2 - Other notable companies include Baidu with a market cap of 305.30 billion and JD.com at 481.46 billion, showcasing a diverse range of players in the market [4][5] - The rankings reflect significant fluctuations, with companies like Kuaishou and Li Auto showing notable positions at 399.46 billion and 326.48 billion respectively [3][4] - The data is calculated based on the daily market values, converted from USD to HKD using the day's exchange rate [5]

Core Viewpoint - The China Securities Central Enterprises New Momentum Theme Index has shown positive performance, with a recent increase of 0.96% and a year-to-date rise of 2.60% [1] Group 1: Index Performance - The index has increased by 9.40% over the past month and 7.73% over the past three months [1] - The index was established on December 31, 2014, with a base point of 1000.0 [1] Group 2: Index Composition - The index includes 45 representative listed companies from central enterprises under the State-owned Assets Supervision and Administration Commission, focusing on manufacturing, technology, and modern service industries [1] - The top ten weighted companies in the index are Hikvision (9.41%), Changan Automobile (8.79%), AVIC Optoelectronics (6.8%), Shenzhen South Circuit (5.14%), AVIC Onboard (4.05%), China Software (3.62%), AVIC Chengfei (3.53%), China Merchants Highway (3.28%), AVIC High-tech (3.03%), and Baoxin Software (2.89%) [1] Group 3: Market Distribution - The index's holdings are primarily listed on the Shenzhen Stock Exchange (62.29%), followed by the Shanghai Stock Exchange (37.35%) and the Beijing Stock Exchange (0.36%) [1] Group 4: Industry Breakdown - The industry composition of the index includes 45.74% in industrials, 38.10% in information technology, 9.25% in consumer discretionary, 4.46% in communication services, 1.55% in financials, and 0.91% in materials [2] Group 5: Sample Adjustment - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Group 1 - The electronic ID concept sector declined by 0.40%, ranking among the top declines in concept sectors, with major declines seen in companies like Zhengyuan Wisdom, New Guodu, and Chutianlong [1] - Among the electronic ID concept stocks, 13 stocks experienced price increases, with Dongxin Peace, Kexin Information, and Xintong Electronics leading the gains at 10.01%, 3.87%, and 2.30% respectively [1] - The electronic ID concept sector saw a net outflow of 976 million yuan from main funds, with 35 stocks experiencing outflows, and 7 stocks seeing outflows exceeding 50 million yuan [2] Group 2 - The top net outflow stock in the electronic ID concept was New Guodu, with a net outflow of 212 million yuan, followed by Chutianlong, New大陆, and China Software with net outflows of 126 million yuan, 114 million yuan, and 102 million yuan respectively [2] - The stocks with the highest net inflow in the electronic ID concept included Dongxin Peace, Kexin Information, and Entropy Technology, with net inflows of 209 million yuan, 72 million yuan, and 12.8 million yuan respectively [2][3] - The trading volume and price changes of various electronic ID stocks indicate a mixed performance, with some stocks like Dongxin Peace showing significant gains while others faced declines [3]