Group 1 - The core point of the article is that Wentai Technology announced the approval of the second exercise period conditions for its 2023 stock option incentive plan during the 19th meeting of its 12th board of directors [2] Group 2 - The announcement was made on the evening of September 4 [2] - The board's decision reflects the company's ongoing commitment to incentivizing its employees through stock options [2] - The specific details of the exercise conditions were not disclosed in the announcement [2]

Core Viewpoint - The communication sector is experiencing significant growth, with the National Communication Index rising by 1.90% and notable increases in individual stocks such as Dekoli and Zhongci Electronics [1][4]. Group 1: ETF Performance - The Communication ETF (159695) has increased by 2.20%, with a cumulative rise of 7.77% over the past two weeks as of September 4, 2025 [1][4]. - The ETF's trading volume was active, with a turnover rate of 23.05% and a transaction value of 57.993 million yuan [4]. - The ETF's scale grew by 31.8469 million yuan over the past week, ranking first among comparable funds, with the latest share count reaching 139 million, a one-year high [4]. Group 2: Financial Metrics - Leading optical module companies achieved a total revenue of 27.682 billion yuan in the first half of 2025, marking an 83.54% year-on-year increase, and a net profit of 8.837 billion yuan, up 127.88% [5]. - The gross margin for these companies was reported at 43.4%, with a net profit margin of 32.82% [5]. - The market for optical modules is expanding, with predictions indicating a 21% market share in Scale-up networks by 2030 [5]. Group 3: Key Stocks and Weightings - The top ten weighted stocks in the National Communication Index account for 64.43% of the index, with significant players including Xinyi, Zhongji Xuchuang, and ZTE [5]. - Notable stock performances include Zhongji Xuchuang rising by 3.35% and Xinyi increasing by 5.13%, while China Telecom and China Mobile saw declines of 2.03% and 0.35%, respectively [7].

Group 1 - The board of directors of the company held its 19th meeting of the 12th session on September 4, 2025, via remote voting, with all 5 directors present [1][2] - The board approved the achievement of the exercise conditions for the second exercise period of the 2023 stock option incentive plan, allowing 24 individuals to exercise their options [1][2] - The board also approved the cancellation of stock options for 1,486 individuals due to various reasons, totaling 4,453,753 options that were granted but not exercised [2][3] Group 2 - The meeting was chaired by the chairwoman, Ms. Yang Mu, and the CFO attended the meeting [1] - The resolutions were passed unanimously with 5 votes in favor, and no votes against or abstentions [2][3]

Core Viewpoint - The legal opinion letter issued by JunHe Law Offices confirms the achievement of the exercise conditions for the second exercise period of the stock option incentive plan of Wentech Technology Co., Ltd. and the cancellation of certain stock options granted under the plan [1][5]. Group 1: Approval and Authorization of the Incentive Plan - The incentive plan has undergone necessary decision-making procedures, including approval from the board of directors and independent directors [5][6]. - The board has been authorized to handle matters related to the exercise conditions and cancellation of stock options as per the incentive plan [5][6]. Group 2: Conditions for Exercise Achievement - The conditions for the second exercise period have been met, including no adverse audit opinions and the company achieving an average revenue growth rate of 15% from 2020 to 2022 [6]. - A total of 24 individuals are eligible to exercise their stock options, with a total of 232,753 options available for exercise [6]. Group 3: Cancellation of Stock Options - The board has approved the cancellation of 4,453,753 stock options held by 1,486 incentive targets due to personal reasons and loss of control over subsidiaries [6]. - The cancellation aligns with the regulations of the incentive plan and has been authorized by the shareholders' meeting [6]. Group 4: Conclusion - The legal opinion concludes that all actions taken regarding the exercise and cancellation of stock options comply with relevant regulations and the incentive plan [6].

Core Points - The company announced the cancellation of 4,453,753 stock options from the 2023 stock option incentive plan and the exercise of 232,753 stock options in the second exercise period [1][11] - The stock options were granted on August 25, 2023, with an exercise price adjusted to 38.465 CNY per share due to a profit distribution [3][6][12] - The second exercise period for the stock options is defined as the period from 24 months after the grant date to 36 months after the grant date, with 50% of the granted options eligible for exercise [7][10] Incentive Plan Approval and Implementation - The stock option incentive plan was approved by the board on August 6, 2023, and subsequently by the supervisory board [1][2] - The list of incentive recipients was publicly announced from August 7 to August 16, 2023, with no objections received [2] Stock Option Grant Details - The first grant date was August 25, 2023, with a total of 11,032,278 options granted to 1,819 individuals [3] - The reserved grant date is set for October 25, 2023, with 1,106,582 options reserved for 438 individuals [3] Exercise Conditions and Performance Metrics - The exercise conditions for the second period require the company to meet specific performance metrics, including a revenue growth rate of 15% for the second exercise period [10] - The individual performance assessment for the incentive recipients is categorized into three levels: A, B, and C, affecting the number of options that can be exercised [10] Cancellation of Stock Options - The cancellation of stock options is due to various reasons, including personal reasons for leaving the company and failure to meet exercise conditions [11][13] - A total of 1,486 recipients will have their unexercised options canceled, amounting to 4,453,753 options [11][13] Financial Impact - The company states that the stock option exercise and cancellation will not have a significant impact on its financial status and operating results [13]

Core Points - The company announced the convening of the 19th meeting of the 12th Board of Directors on September 4, 2025, to review the stock option incentive plan [2] - The second exercise period of the 2023 stock option incentive plan allows for the exercise of 232,753 stock options, with 24 individuals meeting the exercise conditions at a price of 38.465 yuan per share [2] - Due to personal reasons, some incentive recipients have left the company, and others no longer qualify for incentives, leading to the cancellation of 4,453,753 stock options held by 1,486 recipients [2]

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-137 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 关于 2023 年股票期权激励计划首次授予第二个行权期 行权条件成就及注销部分股票期权的公告 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。 重要内容提示： ● 行权股票来源：闻泰科技股份有限公司（以下简称"公司"）向激励对 象定向发行的公司股票 一、股权激励计划批准及实施情况 （一）股权激励计划方案批准情况 公司于2023年8月6日召开第十一届董事会第二十二次会议，审议通过《关于 <闻泰科技股份有限公司2023年股票期权激励计划（草案）>及其摘要的议案》 《关于<闻泰科技股份有限公司2023年股票期权激励计划实施考核管理办法>的 议案》及《关于提请股东大会授权董事会全权办理本次激励计划有关事宜的议案》 等议案，公司独立董事就本次激励计划相关议案发表了独立意见。同日，公司召 开第十一届监事会第十六次会议，审议通过《关 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 北京市君合律师事务所 关于闻泰科技股份有限公司 公司已向本所提供了出具本法律意见书所必需的和真实的原始书面材料、副本材 料、复印材料或者口头证言，不存在任何遗漏、隐瞒、虚假或误导之处，且该等 文件和口头证言于提交给本所之日及本法律意见书出具之日，未发生任何变更； 文件资料为副本、复印件的，其内容均与正本或原件相符；提交给本所的各项文 件的签署人均具有完全的民事行为能力，并且其签署行为已获得恰当、有效的授 权。对于本所无法独立查验的事实，本所律师依赖政府有关部门、公司及其他相 关方出具的有关证明、说明文件。 在本法律意见书中，本所律师仅对本法律意见书出具之日以前已经发生或存 在的且与本次行权及本次注销事项有关的重要法律问题发表法律意见，并不对其 他问题以及会计、审计、投资决策、业绩考核目标及考核结果等事项发表意见。 本法律意见书系以中国法律为依据出具，且仅限于本法律意见书出具之前已公布 且现行有效的中国法律。本法律意见书不对境外法律或适用境外法律的事项发表 意见。 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2025-136 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | 闻泰科技股份有限公司 （一）闻泰科技股份有限公司（以下简称"公司"）第十二届董事会第十九 次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》 的规定。 （二）2025 年 9 月 2 日通过邮件方式向全体董事及高级管理人员发出了会 议通知。 （三）本次会议于 2025 年 9 月 4 日以通讯表决方式召开。 （四）本次董事会会议应当出席的董事 5 人，实际出席会议的董事 5 人（其 中：委托出席的董事 0 人，以通讯表决方式出席会议 5 人），0 人缺席会议。 （五）本次董事会由董事长杨沐女士主持，财务总监列席了本次会议。 二、董事会会议审议情况 （一）审议通过《关于 2023 年股票期权激励计划首次授予股票期权第二个 行权期行权条件成就的议案》 第十二届董事会第十九次会议决议公告 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 ...

Group 1: Semiconductor Industry Overview - The strategic value of the semiconductor industry has surged due to the explosive demand for AI computing power and the wave of domestic substitution, positioning semiconductors as a core engine for economic transformation [2] - Massive capital inflow into the semiconductor sector has been driven by policy support and investment, leading to significant stock price increases, such as Cambrian's stock price surpassing Kweichow Moutai, making it the most expensive stock in the A-share market [2] Group 2: Huida Technology Incident - Huida Technology's president, Liu Yuping, was formally investigated by the China Securities Regulatory Commission (CSRC) for insider trading just five months after taking office [3][4] - Despite the company's assurances that the investigation pertains to Liu personally and will not affect the company's operations, investor concerns remain high [3][5] - Liu, a veteran with 20 years at Huida, had recently returned to the company and was involved in a stock buyback plan that raised suspicions regarding potential insider information [4][6] Group 3: Financial Performance of Huida Technology - Huida Technology reported a slight decline in revenue for the first half of 2025, with operating income of 2.251 billion yuan, down 0.2% year-on-year, while net profit attributable to shareholders increased by 35.74% to 431 million yuan [5] - The company proposed a cash dividend of 0.15 yuan per share (before tax) [5] Group 4: Wenta Technology Incident - Wenta Technology's controlling shareholder and actual controller were also investigated for information disclosure violations, highlighting a trend of increased regulatory scrutiny in the capital market [8][11] - The CSRC issued a warning and fines totaling 5 million yuan to Wenta Technology's controlling shareholder for failing to disclose related party relationships and other violations [8][10] Group 5: Market Implications - Both Huida Technology and Wenta Technology incidents reflect a tightening regulatory environment, with potential impacts on investor confidence due to insider trading allegations and information disclosure issues [11] - The regulatory response indicates a stronger stance against violations related to market transparency and compliance, especially in the context of deepening reforms in the registration system [11]