国浩律师（上海）事务所 关于 航天时代电子技术股份有限公司 2025 年第一次临时股东大会 之 法律意见书 上海市静安区山西北路 99 号苏河湾中心 25-28 楼 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: (+86)(21) 5234 1668 传真/Fax: (+86)(21) 5234 1670 网址/Website: http://www.grandall.com.cn 二〇二五年七月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于航天时代电子技术股份有限公司 致：航天时代电子技术股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受航天时代电子技术股份 有限公司（以下简称"公司"）委托，指派本所律师出席并见证公司 2025 年第一 次临时股东大会（以下简称"本次股东大会"）。 本所根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股 东会规则》等有关法律、法规及《航天时代电子技术股份有限公司章程》（以下 简称"《公司 ...

本报告依据中国资产评估准则编制 内蒙古铭晟能源有限公司 拟对航天时代飞鸿测试技术有限公司增资涉 及的三宗土地使用权市场价值项目 资产评估报告 国融兴华评报字（2024）第 010756 号 (共一册,第一册) 北京国融 猥责任公司 地址:北京市东城区安定门外大街 189 号宝景大厦 7 层 电话: 010-51667811 传真: 010-82253743 企业邮箱: grxh@grcpv.com 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 1111020056202501135 | | --- | --- | | 合同编号: | 国融兴华(2024) 010822 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 国融兴华评报字[2024]第010756号 | | 报告名称: | 内蒙古铭晟能源有限公司拟对航天时代飞鸿测试技 术有限公司增资涉及的三宗土地使用权市场价值项 E | | 评估结论: | 93,003,943.33元 | | 评估报告日: | 2025年04月25日 | | 评估机构名称: | 北京国融兴华资产评估有限责任公司 | | 签名人员: | 周 ...

第一章 总则 第一条 为维护中小股东的利益，规范公司选举董事制度，完善公司法人治 理结构，根据《中华人民共和国公司法》（以下简称《公司法》）《上市公司治 理准则》《航天时代电子技术股份有限公司章程》（以下简称《公司章程》）并 结合公司具体情况制定本细则。 航天时代电子技术股份有限公司 累积投票实施细则 第二条 本细则所称累积投票制，是指股东会选举董事时，每一股份拥有与 应选董事人数相同的表决权，股东拥有的表决权可以集中使用。 第三条 本细则所称"董事"包括独立董事和非独立董事，本细则适用于选 举或变更董事的议案。 公司职工董事由公司职工大会、职工代表大会或其他民主选举方式产生或更 换，不适用于本细则的相关规定。 第四条 股东会就选举董事进行表决时，根据股东的提议或《公司章程》规 定，可以实行累积投票制。公司单一股东及其一致行动人拥有权益的股份比例在 百分之三十以上时，或者股东会选举两名以上独立董事时，应当采用累积投票制。 第二章 累积投票制的投票原则 第五条 为确保独立董事当选人数符合公司章程的规定，独立董事与非独立 董事应当分开适用累积投票制的投票方式选举。 第六条 选举非独立董事时，每位股东拥有的表决权等 ...

航天时代电子技术股份有限公司 股东会议事规则 二○二五年七月 1 | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 股东会的召集 | 4 | | 第三章 | 股东会的提案与通知 | 5 | | 第四章 | 股东会的召开 | 6 | 第一章 总则 第一条 为规范公司行为,保证公司股东会依法行使职权, 提高股东会的议 事效率，保障股东合法权益，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》、《航天时代电子技术股份有限公司章程》 （以下简称公司章程）等规定,制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、公司章程及本规则的相关规定 召开股东会,保证股东能够依法行使权利。 公司董事会应当切实履行职责,认真、按时组织股东会。公司全体董事应当 勤勉尽责,确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次, 应当于上一会计年度结束后的六个月内举行。临时股东会不定期召开,出现 ...

航天时代电子技术股份有限公司 章程 二○二五年七月 1 | | | 第一章 总则 第一条 为维护航天时代电子技术股份有限公司（以下简称"公司"）、股 东、职工和债权人的合法权益，规范公司的组织和行为，坚持和加强党的领导， 完善公司法人治理结构,建设中国特色现代国有企业制度,根据《中华人民共和国 公司法》（以下简称为《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、《上市公司章程指引（2025）》、《中国共产党章程》和其他有关规 定，制定本章程。 第二条 企业系依照武汉市政府关于"进一步深化城市经济体制改革，让国 有大中型企业更具活力"有关文件规定和其他相关规定成立的股份有限公司（以 下简称"公司"）。 公司经武汉市体改委武体改[1986]010 号文，武汉市机械局[1986]54 号文批 准，以社会募集方式设立；在武汉市工商行政管理局注册登记，取得营业执照， 营业执照注册号码为 4201141160152。 《公司法》颁布实施后，公司已按照有关规定，对照《公司法》进行了规范， 并依法重新履行了登记手续。 第三条 公司于 1986 年 12 月经中国人民银行武汉市分行批准，首次向社会 公众发行人民 ...

1 | | 2 . | | --- | --- | | 1 | | | | | 航天时代电子技术股份有限公司 董 事 会 议 事 规 则 二○二五年七月 第一章 总则 第一条 为进一步完善公司治理结构, 促使董事和董事会有效地履行其职责， 提高董事会工作效率、规范运作和科学决策水平，根据《中华人民共和国公司法》 （以下简称《公司法》）、《航天时代电子技术股份有限公司章程》（以下简称《公 司章程》）以及其他有关法律法规规定，制定本议事规则。 第二条 董事会对股东会负责，是公司的经营决策机构，董事会在《公司法》、 《公司章程》及股东会赋予的职权范围内行使决策权，履行相应的义务。 第三条 董事会秘书领导下的证券部为董事会日常办事机构，负责保管董事 会印章，负责接收有关人员和部门递交董事会的文件，负责董事会会议的筹备、 组织和协调工作，包括安排会议议程、布置会场、准备会议文件、会议记录以及 会议决议、纪要的起草等工作。 第二章 董事会的组成及下设机构 第四条 董事会由 9 名董事组成，其中，独立董事为 3 人，至少一名为会计 专业人士。 当公司职工人数超过 300 人时，董事会成员中应当有 1 名公司职工代表。董 事 ...

Core Viewpoint - Aerospace Electronics (600879) announced a capital increase of 291 million yuan for its subsidiary, Aerospace Times Feihong Testing Technology Co., Ltd., to enhance its comprehensive support capabilities for unmanned systems and maintain its leading position in the unmanned system testing service industry [1] Group 1 - The total capital increase amount is 291 million yuan, which will be contributed in cash and assets by Aerospace Feihong and Inner Mongolia Mingsheng Energy Co., Ltd. [1] - After the capital increase, the registered capital of Feihong Testing Company will change from 178 million yuan to 450 million yuan [1] - The shareholding structure post-capital increase will be as follows: Aerospace Feihong Company holds 62.91%, Baotou Damao Banner Finance Bureau holds 17.77%, and Mingsheng Company holds 19.32% [1] Group 2 - The capital increase does not constitute a related party transaction or a major asset restructuring [1]

Group 1 - The Shanghai Intelligent Transportation Index (H50035) rose by 0.66% to 1722.24 points, with a trading volume of 7.249 billion yuan [1] - Over the past month, the index has increased by 0.09%, decreased by 2.10% over the last three months, and has risen by 2.03% year-to-date [1] - The index series reflects the performance of listed companies influenced by changes in economic and consumption structures during the urbanization process, focusing on themes such as intensive, intelligent, and green low-carbon development [1] Group 2 - The top ten holdings of the Shanghai Intelligent Transportation Index include SAIC Motor (10.32%), Huayu Automotive (9.49%), Aerospace Electronics (9.01%), Hongfa Technology (8.87%), and others [1] - The index is composed entirely of stocks listed on the Shanghai Stock Exchange, with industrial (30.40%), consumer discretionary (30.09%), information technology (27.24%), and communication services (12.27%) sectors represented [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2]

Core Viewpoint - The high-end equipment sector is experiencing mixed performance, with specific stocks showing significant gains while others decline, indicating a volatile market environment [1][4]. Group 1: Market Performance - As of July 3, 2025, the CSI High-End Equipment Sub-Index decreased by 0.07%, with stocks like Jiuziyang rising by 18.64% and China Haifang leading the decline [1]. - The High-End Equipment ETF (159638) saw a turnover of 2.07% during the trading session, with a total transaction value of 24.12 million yuan [3]. - Over the past week, the average daily transaction value of the High-End Equipment ETF was 83.12 million yuan, with the latest fund size reaching 1.158 billion yuan [3]. Group 2: Investment Trends - Leveraged funds are increasingly investing in the high-end equipment sector, with the latest margin buying amounting to 2.36 million yuan and a margin balance of 20.91 million yuan [3]. - The High-End Equipment ETF has shown a net value increase of 27.22% over the past year, with the highest single-month return recorded at 19.30% [3]. Group 3: Industry Outlook - The military industry is expected to experience three growth curves: domestic demand focusing on low-cost precision-guided munitions, unmanned systems, and information technology; military trade demand potentially surging due to regional conflicts; and broader military demand in areas like large aircraft, low-altitude economy, commercial aerospace, and deep-sea technology [3][4]. - China's defense spending is projected to grow significantly, likely outpacing GDP growth, with 2025 marking a turning point for the industry as it emerges from a period of stagnation [4]. - The top ten weighted stocks in the CSI High-End Equipment Sub-Index account for 45.22% of the index, indicating concentrated investment in key players like AVIC Shenyang Aircraft and AVIC Engine [4][6].

Summary of Low Altitude Economy Conference Call Industry Overview - The low altitude economy market is active, particularly in the Jiangsu, Zhejiang, Shanghai, and Anhui regions, with a total bidding amount for infrastructure reaching 4.767 billion yuan by June 2025 [1][4] - The development of airworthy aircraft and regular application scenarios is crucial for the growth of the low altitude economy [1][4] Key Insights - **Market Discrepancy**: There is a disconnect between the primary and secondary markets, with many related companies' stock prices currently low. However, future policy implementations and expanded application scenarios are expected to boost these prices significantly [3] - **Drone Efficiency**: Drones are more efficient than human delivery, with costs ranging from 3.8 to 4.9 yuan per kilometer per hour, which is lower than the cost of delivery personnel [1][6] - **Regulatory Landscape**: In China, drones under 25 kg can fly in populated areas without airworthiness certification, while those between 25-150 kg require such certification [5] Company Recommendations - Companies to watch in the low altitude logistics sector include: - Jifeng Technology - Green Energy Hui Charge - Zhongheng Co. - Aerospace Electronics - SF Express - These companies have established technological capabilities and market positions in low altitude logistics [1][7] Development Prospects - **End Delivery**: Drones show significant advantages in end delivery, with one operator able to control multiple drones, reducing costs further [6][16] - **Branch Logistics**: Drones are particularly advantageous in branch logistics, especially in complex terrains, where traditional methods are less efficient [2][19] Infrastructure and Investment - The construction of low altitude economic service platforms is primarily contracted to major telecom operators like China Telecom, Unicom, and Mobile, due to the need for communication through their base stations [11] - Local governments are investing in drone applications for public services, such as traffic monitoring and emergency response [12][10] Challenges and Considerations - **Safety Regulations**: Local governments lack the capacity to independently establish drone management rules, necessitating a unified national framework to ensure safety and clarity in responsibility [15] - **Economic Viability**: While drones are not yet economically viable for trunk logistics, they hold promise for branch and end delivery logistics due to their cost and time efficiency [21] Conclusion - The low altitude economy, particularly in logistics, is poised for growth with significant investment and technological advancements. Companies with established capabilities in drone technology are well-positioned to capitalize on this emerging market.