Group 1 - The core viewpoint of the news is that Saiteng Co., Ltd. has seen a significant increase in its stock price, rising by 5.26% to 42.20 CNY per share, with a trading volume of 466 million CNY and a turnover rate of 4.18%, leading to a total market capitalization of 11.757 billion CNY [1] - Saiteng Co., Ltd. is based in Suzhou, Jiangsu Province, and was established on June 19, 2007. It was listed on December 25, 2017. The company specializes in the research, design, production, sales, and technical services of automation production equipment, providing system solutions for intelligent production [1] - The main revenue composition of Saiteng Co., Ltd. includes 76.79% from automation equipment, 18.95% from fixtures, 3.77% from technical services, and 0.49% from other sources [1] Group 2 - From the perspective of the top ten circulating shareholders, one fund under GF Fund ranks among the top shareholders of Saiteng Co., Ltd. The GF CSI 1000 ETF (560010) entered the top ten shareholders in the second quarter, holding 732,400 shares, which accounts for 0.27% of the circulating shares [2] - The GF CSI 1000 ETF (560010) was established on July 28, 2022, with a latest scale of 30.718 billion CNY. It has achieved a return of 26.01% this year, ranking 1620 out of 4223 in its category, and a return of 65.32% over the past year, ranking 1155 out of 3780 [2]

Financial Performance - The company reported total revenue of 1.373 billion yuan for the first half of 2025, a decrease of 15.81% year-on-year [1] - The net profit attributable to shareholders was 123 million yuan, down 20.5% compared to the previous year [1] - In Q2 2025, total revenue was 643 million yuan, reflecting a decline of 24.96% year-on-year, while net profit for the quarter was 54.15 million yuan, down 9.23% [1] - The gross margin was 44.48%, a decrease of 1.12% year-on-year, while the net margin increased by 4.03% to 10.37% [1] - Total operating expenses (selling, administrative, and financial expenses) amounted to 283 million yuan, accounting for 20.59% of revenue, a decrease of 4.21% year-on-year [1] Balance Sheet and Cash Flow - The company’s accounts receivable increased by 21.82% year-on-year to 1.405 billion yuan, which is 253.49% of the net profit [1][4] - Cash and cash equivalents rose by 19.39% to 565 million yuan [1] - The company’s interest-bearing debt increased by 14.82% to 849.17 million yuan [1] - The cash flow per share was 0.96 yuan, a significant increase of 152.86% year-on-year [1] Business Model and Return on Investment - The company achieved a Return on Invested Capital (ROIC) of 17.04% last year, indicating strong capital returns [3] - The historical median ROIC since the company’s listing is 14.93%, suggesting good investment returns [3] - The company’s performance is primarily driven by marketing efforts, which require further analysis to understand the underlying factors [3]

Group 1 - The company, Suzhou Secote Precision Electronics Co., Ltd., will hold its second extraordinary general meeting of shareholders in 2025 on September 15, 2025, at 14:00 [1][2] - The meeting will take place at the company's conference room located at 585 Songjia Road, Guoxiang Street, Wuzhong Economic Development Zone, Suzhou [1] - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [2][4] Group 2 - The agenda for the meeting includes various proposals such as the management system for raised funds, decision-making for external guarantees, and the rules for the board of directors [2][3] - The meeting will utilize a combination of on-site and online voting methods [2] - Shareholders must register to attend the meeting, with the registration deadline being the close of trading on September 9, 2025 [5][6] Group 3 - Related shareholders, such as those involved in the employee stock ownership plan, are required to abstain from voting on certain matters [4] - The company has provided detailed instructions for shareholders on how to participate in the voting process, including identity verification for online voting [4][5] - The company will not accept telephone registrations for the meeting [5]

Core Viewpoint - Suzhou Saiteng Precision Electronics Co., Ltd. has decided to terminate its first employee stock ownership plan early and repurchase the corresponding shares that have not been unlocked due to unmet performance targets [1][3][7] Summary of Employee Stock Ownership Plan - The first employee stock ownership plan was approved with a duration of 36 months and a lock-up period of 12 months, starting from the date the plan was approved by the shareholders [2][3] - The plan's performance target was set at a net profit growth rate of at least 15% for 2024, based on the 2023 net profit excluding non-recurring gains and losses [2][3] - The company did not meet the performance targets, with audited net profits of approximately 756.57 million yuan for 2023 and 640.82 million yuan for 2024, leading to the decision to terminate the plan [3][5] Repurchase Details - The company plans to repurchase 4.12958 million shares at an adjusted price of 34.60 yuan per share, following a capital increase distribution [4][5] - The repurchase will be funded by the company's own or self-raised funds [5] Impact on Share Capital Structure - After the repurchase and cancellation of shares, the total number of shares will decrease from approximately 278.59 million to 271.17 million, reflecting a reduction of 7.42 million shares [6] - The final share capital structure will be confirmed after the completion of the necessary legal procedures [6][7] Legal Compliance - The decision to terminate the employee stock ownership plan and repurchase shares has received the necessary authorizations and approvals, complying with relevant laws and regulations [7]

Core Viewpoint - The company plans to change the purpose of repurchased shares from "employee stock ownership plan" to "cancellation and reduction of registered capital" for 3,213,710 shares, which is approximately 1.15% of the total share capital [1][3]. Group 1: Share Repurchase Plan - The company approved a share repurchase plan on September 11, 2023, intending to buy back shares using its own funds, with a total amount between RMB 200 million and RMB 400 million, and a maximum price of RMB 60.58 per share [1][2]. - As of the announcement date, the company has used 2,949,700 shares for the first phase of the employee stock ownership plan, leaving 3,213,710 shares unused [3][5]. Group 2: Reasons for Change - The change in the purpose of the repurchased shares is based on confidence in the company's future development and aims to protect the interests of investors [3][5]. Group 3: Impact of Cancellation - The cancellation of the repurchased shares will not change the controlling shareholder or actual controller, nor will it significantly impact the company's financial status or operational results [5][6]. - The company will follow relevant regulations and procedures for the cancellation and reduction of registered capital, which requires approval from the shareholders' meeting [5][6]. Group 4: Decision-Making Process - The board of directors and supervisory board approved the proposal on August 28, 2025, and it will be submitted for shareholder approval before implementation [5][6].

Core Viewpoint - The company has adjusted the repurchase price of the 2023 restricted stock incentive plan due to changes in capital structure and dividend distribution, resulting in a new repurchase price of approximately 13.04 yuan per share from the previous 18.26 yuan per share [4][6][7] Summary by Sections Incentive Plan Approval and Disclosure - The company held meetings to approve various related proposals regarding the 2023 restricted stock incentive plan, including the list of incentive objects and management methods [1][2] - Independent directors provided opinions on the incentive plan, and the supervisory board verified the related matters [2][3] Adjustment of Repurchase Price - The adjustment of the repurchase price was necessitated by the company's decision to distribute cash dividends and increase capital reserves, which affects the stock price and total capital [4][5] - The new repurchase price is calculated based on the formula considering the impact of capital increases and stock dividends [5][6] Impact of the Adjustment - The supervisory board confirmed that the adjustment process was appropriate and complied with relevant laws and regulations, ensuring no harm to the company's or shareholders' interests [7]

Meeting Overview - The fourth meeting of the fourth Supervisory Board of Suzhou Saiteng Precision Electronics Co., Ltd. was held on August 28, 2025, with all three supervisors present [1] - The meeting was convened in accordance with the Company Law and the company's articles of association [1] Resolutions Passed - A resolution was passed with a unanimous vote (3 in favor, 0 against, 0 abstentions) regarding the company's half-year report for 2025 [1] - Another resolution concerning the adjustment of the repurchase price for the 2023 restricted stock incentive plan was also passed (2 in favor, 0 against, 0 abstentions) [2] - A resolution to terminate the first phase of the employee stock ownership plan and repurchase related shares was passed (3 in favor, 0 against, 0 abstentions) [2] - A resolution to change the purpose of repurchased shares and cancel them was passed (3 in favor, 0 against, 0 abstentions) [2] - A resolution to repurchase and cancel certain restricted stocks that have been granted but not yet released was passed (3 in favor, 0 against, 0 abstentions) [3] - A resolution to cancel the Supervisory Board, change the company's registered capital, and amend the articles of association was also passed (3 in favor, 0 against, 0 abstentions) [3]

Core Viewpoint - The document outlines the management system for shareholding changes of directors and senior management at Suzhou Saiteng Precision Electronics Co., Ltd, emphasizing compliance with relevant laws and regulations regarding insider trading and share transfer restrictions [1][2][3]. Chapter Summaries Chapter 1: General Principles - The system is established to strengthen the management of shares held by directors and senior management, based on various laws and the company's articles of association [1]. - It applies to all shares held by directors and senior management, including those in margin trading accounts [1]. Chapter 2: Shareholding Change Rules and Information Disclosure - Directors and senior management must notify the board secretary in writing before trading shares, ensuring compliance with laws against insider trading [2]. - Additional restrictions may apply to share transfers due to company actions like public offerings or stock incentive plans [2][3]. - Directors and senior management must report their personal and family shareholding information to the stock exchange within specified timeframes [2]. - Share transfers are prohibited under certain conditions, such as within one year of the company's stock listing or within six months after leaving the company [3][4]. - A maximum of 25% of their total shares can be transferred annually during their tenure, with specific exceptions [5][6]. - Untransferred shares at the end of the year are counted towards the next year's transferable shares [6]. - The company must ensure accurate and timely reporting of share transactions to the stock exchange [3][7]. - Directors and senior management are restricted from trading shares during specific blackout periods, such as before financial report announcements [8]. Chapter 3: Supplementary Provisions - The board of directors is responsible for interpreting and revising the system, which takes effect immediately upon approval [10].

苏州赛腾精密电子股份有限公司 独立董事专门会议工作细则 第一章 总 则 第一条 为进一步完善苏州赛腾精密电子股份有限公司（以下简称"公 司"）的法人治理，充分发挥独立董事在公司治理中的作用，促进提高公司质 量，根据《中华人民共和国公司法》《上市公司治理准则》《上市公司独立董 事管理办法》（以下简称《管理办法》）、《上海证券交易所股票上市规则》 等法律、法规和规范性文件及《公司章程》的有关规定，并结合公司实际情况， 制定本细则。 第二条 独立董事专门会议是指全部由独立董事参加的专门会议。 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主要股东、 实际控制人不存在直接或间接利害关系，或者其他可能影响其进行独立客观判 断关系的董事。独立董事应当独立履行职责，不受公司及其主要股东、实际控 制人等单位或者个人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、 行政法规、中国证券监督管理委员会规定、上海证券交易所业务规则和《公司 章程》的规定，认真履行职责，在董事会中发挥参与决策、监督制衡、专业咨 询作用，维护公司整体利益，保护中小股东合法权益。 第二章 职责权限 第四条 下列事项应当 ...

Core Viewpoint - The document outlines the management system for the resignation of directors and senior management at Suzhou Saiteng Precision Electronics Co., Ltd, emphasizing the need for compliance, transparency, and the protection of shareholder rights [1][2][3]. Chapter 1: General Principles - The system aims to ensure stability in corporate governance and protect the legal rights of the company and its shareholders [1]. - It applies to all directors and senior management personnel regarding their resignation or termination [1]. Chapter 2: Resignation Circumstances and Effectiveness - Resignation includes scenarios such as term expiration without reappointment, voluntary resignation, and dismissal [2]. - Directors must submit a written resignation report, effective upon receipt by the company [2]. - If a director's term expires without reappointment, they automatically resign upon the shareholders' meeting resolution [2]. Chapter 3: Responsibilities and Obligations upon Resignation - Resigning directors and senior management must complete handover procedures within five working days and report their resignation within two trading days [4][5]. - They are prohibited from using their former positions to interfere with the company's operations or harm shareholder interests [4]. - Confidentiality obligations regarding company secrets remain effective after resignation [5]. Chapter 4: Accountability Mechanism - Directors and senior management who leave before their term ends and cause losses to the company are liable for compensation [6]. - The company retains the right to pursue accountability for unfulfilled commitments or breaches of loyalty after resignation [6][7]. - Any disputes regarding accountability decisions can be reviewed by the audit committee within 15 days [7].