Core Viewpoint - The equity change is due to the completion of the 2024 equity incentive plan, the repurchase and cancellation of certain restricted stocks, and the conversion of convertible bonds, leading to an increase in the company's total share capital and a passive dilution of the shareholding ratio of the information disclosers [1][2][6]. Summary by Relevant Sections Equity Change Details - The equity change does not trigger a mandatory tender offer and will not result in changes to the company's controlling shareholder or actual controller, nor will it affect the company's governance structure or ongoing operations [1][2]. - After the equity change, the number of shares held by the information disclosers decreased from 588,657,775 shares to 562,615,975 shares, with the ownership ratio dropping from 65.54% to 60.00%, reaching a 5% integer multiple [1][4]. Information Disclosers - The main information discloser is Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., which holds 50% of the shares, along with Shenzhen Yizhao Investment Partnership (Limited Partnership) [2][3]. - The disclosers have a unified action relationship as per the agreement signed on January 6, 2020, and have maintained this relationship through subsequent commitments [3][4]. Shareholding Structure - As of the report date, the shareholding structure of the disclosers is as follows: - Shenzhen Jinghong Yongtai Investment Holding Co., Ltd.: 281,643,908 shares (30.04%) - Other individual shareholders include Liu Shaobai, Huang Xiaofen, and Liu Yu, with their respective holdings [4][6]. - The total shares held by the information disclosers after the equity change is 562,615,975 shares, representing 60.00% of the total share capital [4][6]. Changes in Shareholding - The equity change was influenced by the completion of the equity incentive plan, the repurchase of restricted stocks, and the conversion of convertible bonds, which collectively increased the total share capital from 898,181,889 shares to 937,693,150 shares [6][7]. - The information disclosers' shareholding ratio was passively diluted due to these changes, leading to a decrease in their ownership percentage [6][7].

Core Viewpoint - The report outlines the equity changes of Shenzhen Jingwang Electronics Co., Ltd., indicating a reduction in shareholding due to stock incentive plans and convertible bond conversions, leading to passive dilution of the stakeholders' shares [1][6][9]. Group 1: Equity Change Details - The equity change is attributed to the completion of the stock incentive plan, the repurchase and cancellation of some restricted stocks, and the conversion of convertible bonds, resulting in an increase in total share capital and a decrease in the percentage of shares held by the information disclosing parties [6][8]. - Before the equity change, the information disclosing parties held a total of 588,657,775 shares, representing 65.54% of the total share capital of 898,181,889 shares. After the change, they hold 562,615,975 shares, which is 60.00% of the new total share capital of 937,693,150 shares [7][8]. Group 2: Shareholding Structure - The major shareholders include Shenzhen Jinghong Yongtai Investment Holding Co., Ltd. and Zhichuang Investment Co., Ltd., with significant stakes held by individuals such as Liu Shaobai and Huang Xiaofen [3][4]. - The shareholding structure indicates that the information disclosing parties collectively hold 60.00% of the company post-equity change, down from 65.54% [5][9]. Group 3: Future Plans - The company plans to reduce its shares through centralized bidding and block trading, with a total of 9.35 million shares (1% of total share capital) and 18.63 million shares (2% of total share capital) to be sold within a specified timeframe [6][7]. - There are no current plans for the information disclosing parties to increase or decrease their holdings in the next 12 months, unless required by regulatory disclosures [7][10].

| 证券代码：603228 | 证券简称：景旺电子 | | 公告编号:2025-068 | | --- | --- | --- | --- | | 债券代码：113669 | 债券简称：景 23 | 转债 | | 深圳市景旺电子股份有限公司 关于持股 5%以上股东权益变动触及 5%整数倍的 提示性公告 重要内容提示： ● 本次权益变动系公司 2024 年股权激励计划预留授予股份登记完成、回购 注销部分限制性股票、可转债转股，使得公司总股本增加，导致信息披露义务人 合计持股比例被动稀释；信息披露义务人履行此前披露的减持计划。 ● 本次权益变动不触及要约收购，不会导致公司控股股东、实际控制人发生 变化，不会对公司治理结构、持续经营产生影响。 ● 本次权益变动后，信息披露义务人持有公司股份数量从 588,657,775 股减 少至 562,615,975 股，占公司总股本的比例由 65.54%减少至 60.00%，触及 5%的 整数倍。 ● 关于本次权益变动的具体内容详见公司同日在上海证券交易所网站 （www.sse.com.cn） 披露的《简式权益变动报告书》。 深圳市景旺电子股份有限公司（以下简称"公司"）于近 ...

深圳市景旺电子股份有限公司 简式权益变动报告书 上市公司名称：深圳市景旺电子股份有限公司 信息披露义务人一：深圳市景鸿永泰投资控股有限公司 住所/通讯地址：深圳市光明区凤凰街道东坑社区光源三路 158 号景旺电子大厦 13 层 信息披露义务人二： 智创投资有限公司 住所/通讯地址：香港九龙观塘成业街 7 号宁晋中心 18 楼 B1 室 信息披露义务人三： 深圳市奕兆投资合伙企业（有限合伙） 住所/通讯地址： 深圳市南山区粤海街道海珠社区海德三道 195 号天利中央商务 广场（二期）C2305 信息披露义务人四：刘绍柏 住所/通讯地址：深圳市光明区凤凰街道东坑社区光源三路 158 号景旺电子大厦 上市地点：上海证券交易所 股票简称：景旺电子 股票代码：603228 深圳市景旺电子股份有限公司 简式权益变动报告书 信息披露义务人五： 黄小芬 住所/通讯地址：深圳市光明区凤凰街道东坑社区光源三路 158 号景旺电子大厦 权益变动性质：减持股份，被动稀释 签署日期：2025 年 7 月 4 日 深圳市景旺电子股份有限公司 简式权益变动报告书 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有 ...

景旺电子（603228）公告，公司控股股东景鸿永泰、智创投资、实际控制人刘绍柏、黄小芬计划自2025 年6月16日至2025年9月15日，通过集中竞价和大宗交易方式合计减持公司股份934.95万股，占公司总股 本1%。截至2025年7月4日，景鸿永泰、智创投资、刘绍柏、黄小芬合计持有公司股份5.63亿股，占公 司总股本60.00%。本次减持计划尚未实施完毕，未来12个月内，信息披露义务人将根据市场情况继续 减持股份。 ...

Core Viewpoint - The A-share computing hardware sector is experiencing strong performance, driven by the rapid development of artificial intelligence technology and positive market expectations from overseas markets like Nvidia [1][2]. Group 1: Market Performance - The A-share computing hardware sector has shown robust performance, with companies like Huadian and Jingwang Electronics reaching historical highs [1]. - Yihua New Materials' stock surged over 10%, while Jin'an Guoji successfully hit the daily limit [1]. - Several other stocks, including Aoshikang and Dongcai Technology, also recorded gains exceeding 5% [1]. Group 2: Industry Drivers - The computing hardware industry is benefiting from the rapid growth of AI technology, with PCB playing a crucial role in AI servers and high-performance computing systems [1]. - The demand for high-end PCBs is surging, leading to increased demand for upstream high-end materials, creating a supply-demand imbalance [1]. Group 3: Supply Chain Dynamics - There is a growing scarcity of high-layer and high-density interconnect (HDI) capacity, as well as a shortage of high-end material supply in the industry chain [1]. - This supply-demand imbalance presents opportunities for related companies to achieve explosive growth in performance [1]. Group 4: Infrastructure Demand - The demand for computing infrastructure is continuously increasing, with leading domestic and international manufacturers ramping up efforts to meet the surging demand for computing power [2]. - The ASIC market's growth expectations are being continuously revised upward, supporting the high prosperity of the PCB industry chain [2].

Group 1 - The core viewpoint of the article highlights the active performance of computing hardware stocks, particularly PCB and copper cable high-speed connection sectors, with companies like Huadian Co. and Jingwang Electronics reaching historical highs [1] - Huadian Co. and Jingwang Electronics both achieved record highs in their stock prices, indicating strong market interest and investor confidence in the computing hardware sector [1] - Other companies in the sector, such as Yihua New Materials, Jin'an Guoji, Aoshikang, Dongcai Technology, Zhongyi Technology, Shenyu Co., and Wolong Nuclear Materials, also experienced significant stock price increases, with some rising over 5% [1] Group 2 - The news mentions that Nvidia's stock reached a new historical high in the US market, which may have contributed to the positive sentiment in the computing hardware sector [1]

Core Viewpoint - The PCB concept stocks are experiencing significant activity, with companies like Yihau New Materials, Huadian Co., and Jingwang Electronics reaching new highs, indicating a bullish trend in the market [1] Group 1: Market Dynamics - The M8 PCB market space for AI servers and switches is projected to be between 50-60 billion by 2026, according to Tianfeng Securities [1] - Major global manufacturers are intensifying their infrastructure development to meet the surging demand for inference computing power, which is driving the growth of the PCB industry [1] Group 2: Company Performance - Yihau New Materials (301176), Huadian Co. (002463), and Jingwang Electronics (603228) have all achieved new record highs in stock performance [1] - Jin'an Guoji (002636) has seen a consecutive two-day stock increase, while Aoshikang (002913) and Zhongyi Technology (301150) are also experiencing upward trends [1] Group 3: Investment Trends - There is a notable influx of dark pool funds into these stocks, suggesting increased investor interest and confidence in the PCB sector [1]

Group 1 - The PCB concept has seen a continuous rise, with stocks such as Fangzheng Technology hitting the daily limit [1] - Other companies like Jin'an Guoji, Bomin Electronics, and Dongshan Precision also reached their daily limit, while Jinlu Electronics, Pengding Holdings, Jingwang Electronics, Shenzhen South Circuit, and Aoshikang increased by over 6% [1] - According to a report from Tianfeng Securities, the market space for M8 PCB boards corresponding to AI servers and switches is estimated to be between 50-60 billion by 2026 [1]

Core Viewpoint - The announcement provides an update on the conversion results of the "Jing 23 Convertible Bonds" and the changes in the company's shareholding structure as of June 30, 2025 [1] Group 1: Conversion Status - As of June 30, 2025, a total of RMB 53,771,000 of "Jing 23 Convertible Bonds" has been converted into A-shares, resulting in 2,234,660 shares, which represents 0.2654% of the total shares before conversion [2][6] - The remaining balance of unconverted "Jing 23 Convertible Bonds" is RMB 1,100,229,000, accounting for 95.34% of the total issuance [2][6] Group 2: Issuance and Trading Information - The "Jing 23 Convertible Bonds" were issued on April 4, 2023, with a total of 11.54 million bonds at a face value of RMB 100 each, raising a total of RMB 115,400,000, with a maturity of 6 years [3] - The bonds were listed for trading on May 9, 2023, and can be converted into A-shares starting from October 11, 2023, with an initial conversion price of RMB 25.71 per share, which has been adjusted to RMB 23.91 per share as of the latest update [3][4] Group 3: Shareholding Changes - From April 1 to June 30, 2025, the controlling shareholder and its concerted parties reduced their holdings by 18,946,300 shares, decreasing their ownership from 62.96% to 60.82% [6]