证券代码：603920 证券简称：世运电路 公告编号：2025-062 广东世运电路科技股份有限公司 第五届董事会第八次会议决议公告 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、准确性和完整性承担法律责任。 一、董事会会议召开情况 广东世运电路科技股份有限公司（以下简称"公司"）第五届董事会第八次 会议（以下简称"会议"）通知于 2025 年 8 月 16 日以电子邮件方式发出，于 2025 年 8 月 26 日在公司三楼一号会议室以现场及通讯的方式召开，并以记名的方式 进行了表决。会议由董事长林育成先生主持，会议应参加董事 7 人，实际参加 7 人。公司监事及高级管理人员列席了本次会议。本次会议的召开符合有关法律法 规和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 根据公司发展战略和实际情况，公司拟将原募投项目"鹤山世茂电子科技有 限公司年产 300 万平方米线路板新建项目（二期）"尚未投入的部分募集资金 52,000.00 万元变更投向至新项目"泰国高峰绿色工业园新建年产 120 万平方米 高端、高精密度印制电路板建设项目（一期）"。 ...

中信证券股份有限公司 关于广东世运电路科技股份有限公司 变更部分募投项目及部分募投项目延期的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为广东 世运电路科技股份有限公司（以下简称"世运电路"或"公司"）的保荐机构， 根据《证券发行上市保荐业务管理办法》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》及《上市公司募集资金监管规则》等有关法律、法规及 规范性文件的规定，就世运电路变更部分募投项目及部分募投项目延期事项进行 了认真、审慎的核查，核查情况及核查意见如下： 一、变更募集资金投资项目、募集资金投资项目延期的概述 （一）募集资金基本情况 根据中国证券监督管理委员会《关于同意广东世运电路科技股份有限公司向 特定对象发行股票注册的批复》（证监许可〔2023〕1017 号），公司向特定对 象发行人民币普通股股票 117,964,243 股，发行价为每股人民币 15.20 元，共计 募集资金 179,305.65 万元，扣除承销及保荐费 1,393.06 万元（该部分为不含税金 额，属于发行费用），持续督导费 400.00 万元（该部分不属于发行费用）后的 募集资金为 177 ...

Core Viewpoint - The document outlines the management system for entrusted financial management by Guangdong Shiyun Circuit Technology Co., Ltd, aiming to enhance fund operation efficiency and mitigate risks associated with entrusted financial decisions and execution [1][2]. Summary by Sections Chapter 1: General Principles - The entrusted financial management refers to the act of the company delegating idle funds to qualified financial institutions for investment and management, under the premise of compliance with national policies and regulations [1]. - This system applies to the company and its wholly-owned and controlling subsidiaries [1]. Chapter 2: Principles of Entrusted Financial Management - To minimize risks, the company must select qualified financial institutions with good credit and financial status, and sign written contracts detailing the investment amount, duration, and responsibilities [2]. - Funds used for entrusted financial management must be idle self-owned funds or idle raised funds, without affecting the company's normal operations [2]. - The company can only use self-owned funds for entrusted financial management limited to R4 and below risk-rated financial products [2]. Chapter 3: Approval Decision Procedures - The company must adhere to the decision-making authority outlined in its articles of association when conducting entrusted financial management [3]. - If the entrusted financial management amount exceeds 10% of the latest audited net assets and is over 10 million RMB, it must be approved by the board of directors [4]. Chapter 4: Implementation and Supervision - The finance department is responsible for the implementation and management of entrusted financial activities, including risk assessment and monitoring [5]. - The finance department must report monthly on the status of entrusted financial management and provide updates on investment outcomes and risk control [6]. Chapter 5: Confidentiality and Information Disclosure - The company must comply with the disclosure obligations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding entrusted financial management [6]. - The board office is responsible for the information disclosure related to entrusted financial management, ensuring confidentiality before any disclosures are made [7]. Chapter 6: Supplementary Provisions - Any matters not covered by this system will be executed according to relevant national laws and regulations [7]. - The board of directors is responsible for interpreting and revising this system, which takes effect upon approval by the board [7].

Summary of Key Points Core Viewpoint The article discusses the changes and delays in the fundraising investment projects of Guangdong Shiyun Circuit Technology Co., Ltd. The company plans to redirect part of its raised funds to a new high-precision printed circuit board project while extending the completion timelines for existing projects. Group 1: Fundraising Overview - The company raised a total of RMB 179,305.65 million by issuing 117,964,243 shares at RMB 15.20 per share, with net proceeds amounting to RMB 177,700.23 million after deducting various fees [1][2][3] - As of June 30, 2025, the total investment commitment for the projects is RMB 184,975.51 million, with RMB 54,940.42 million already invested, leaving a remaining balance of RMB 122,759.81 million [3][4] Group 2: Changes in Investment Projects - The company intends to change the allocation of uninvested funds from the "Heshan Shimao Electronics Technology Co., Ltd. new construction project" to a new high-precision printed circuit board project, with a total investment of RMB 112,649.78 million [4][5][6] - The completion date for the original project has been extended from December 2025 to June 2027, while the new project is expected to be operational by December 2026 [5][6] Group 3: Reasons for Changes and Delays - The changes are driven by strategic adjustments and market conditions, including the need for an overseas production base to meet international market demands and enhance supply chain security [9][10] - The company aims to improve its production capacity and efficiency by investing in advanced production equipment and attracting high-end talent [8][9] Group 4: New Project Details - The new project will focus on high-density and multi-layer printed circuit boards, with an investment of RMB 52,000.00 million from the raised funds [10][11] - The project is expected to generate annual sales revenue of RMB 71,964.00 million and a net profit of RMB 12,085.43 million upon reaching full capacity [17][18] Group 5: Market Outlook - The global PCB industry is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, reaching a market value of USD 94.7 billion by 2029 [12][18] - The demand for PCBs is expected to increase significantly due to advancements in artificial intelligence and the automotive sector, particularly for high-density interconnect (HDI) boards [18][19]

| 广东世运电路科技股份有限公司2025 | 年半年度报告摘要 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 公司代码：603920 | 公司简称：世运电路 | | | | | | | | | 广东世运电路科技股份有限公司 | | | | | | | | | | 广东世运电路科技股份有限公司2025 | 年半年度报告摘要 | | | | | | | | | | 第一节 重要提示 | | | | | | | | | 展规划，投资者应当到 | http://www.sse.com.cn/网站仔细阅读半年度报告全文。 | | | | | | | | | 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | | | | | 否 | | | | | | | | | | 第二节 | 公司基本情况 | | | | | | | | | 公司股票简况 | | | | | | | | | | 股票种类 | 股票上市交易所 股票简称 | | | | | | 股票代码 变更前股票 | | ...

Group 1 - The board of directors of Guangdong Shiyun Circuit Technology Co., Ltd. held its eighth meeting of the fifth session, where all seven directors participated, ensuring the meeting's legality and effectiveness [1] - The board approved the 2025 semi-annual report and its summary, which will be disclosed on the Shanghai Stock Exchange website and selected media [2][3] - The board approved a proposal to change and delay certain fundraising projects, reallocating uninvested funds from the "Heshan Shimao Electronics Technology Co., Ltd. annual production of 3 million square meters of circuit board new construction project (Phase II)" to a high-end, high-precision printed circuit board construction project (Phase I) [2][3] Group 2 - The board approved the investment in the "Chip Innovation Smart Carrier" new generation PCB intelligent manufacturing base project, with an estimated total investment of approximately 1.5 billion RMB, aimed at enhancing production capacity for embedded chip PCBs and advanced HDI circuit boards [3] - The board reviewed and approved a special report on the storage and actual use of raised funds for the first half of 2025, in compliance with relevant regulations [4] - The board approved a semi-annual evaluation report on the "Quality Improvement and Efficiency Enhancement Return" action plan for 2025, which aligns with national policies and aims to improve company quality [4][5] Group 3 - The board approved an adjustment to the investment types for idle self-owned funds for entrusted wealth management, allowing for investments in medium-risk financial products with a total limit of up to 500 million RMB [6] - The board approved the establishment of a "Wealth Management Management System" to regulate entrusted wealth management activities and enhance fund operation efficiency [6] - The board proposed to convene the third extraordinary general meeting of shareholders in 2025 [8]

一、董事会在股东会的召开过程中，应当以维护股东的合法权益，确保正常 程序和议事效率为原则，认真履行法定职责。 二、参加公司 2025 年第三次临时股东会的股东，依法享有发言权、表决权 等权利，不得侵犯其他股东合法权益、扰乱会议的正常秩序，共同维护好股东会 秩序。 三、股东（代表）在会上有权发言和提问，有发言意向的股东（代表）报到 时向工作人员登记，由主持人视会议的具体情况合理安排股东（代表）发言，并 安排公司有关人员回答股东提出的问题，每位股东（代表）的发言请不要超过五 分钟，发言内容应当与本次会议表决事项相关。 -2- 世运电路 2025 年第三次临时股东会会议资料 广东世运电路科技股份有限公司 为了维护投资者的合法权益，确保股东在本公司 2025 年第三次临时股东会 期间依法行使权利，保证股东会的正常秩序和议事效率，依据《上市公司股东会 规则》等有关规定，制定如下有关规定： 四、本次会议表决采用现场投票和网络投票相结合的表决方式。公司股东只 能选择现场投票和网络投票中的一种表决方式。如同一股份通过现场和网络投票 系统重复进行表决的，以第一次投票表决结果为准。 世运电路 2025 年第三次临时股东会会议资料 ...

证券代码：603920 证券简称：世运电路 公告编号：2025-068 广东世运电路科技股份有限公司 关于召开2025年第三次临时股东会的通知 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： (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 11 日 13 点 30 分 召开地点：广东省鹤山市共和镇世运路 8 号世运电路公司三楼会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 11 日 至2025 年 9 月 11 日 本次股东会审议议案及投票股东类型 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购 ...

证券代码：603920 证券简称：世运电路 公告编号：2025-069 广东世运电路科技股份有限公司 ? 会议召开方式：上证路演中心网络互动 ? 会议召开地点：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com/） ? 投资者可以在2025年8月28日（星期四）至9月2日（星期二）16:00前登 录上证路演中心网站首页点击"提问预征集"栏目或者通过公司邮箱 （olympic@olympicpcb.com）进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 广东世运电路科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果及财务状况，公司计划于 2025 年 9 月 3 日（星期三）上午 一、说明会类型 关于召开 2025 年半年度业绩说明会的公告 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： ? 会议召开时间：2025年9月3日（星期三）上午10:00 ...

Investment Overview - The company plans to invest approximately RMB 1.5 billion in the "Chip Innovation and Intelligent Carrier" new generation PCB manufacturing base project, with an expected production capacity of 660,000 square meters per year [2][3] - The project aims to enhance the production capacity of chip-embedded PCB products and high-end HDI products to meet the increasing demand from downstream customers [2][4] Project Details - The project will be located in the Iron Ridge Industrial Zone, Gonghe Town, Heshan City [3] - The total investment includes RMB 463 million for construction, RMB 962 million for equipment purchase and installation, and RMB 60 million for working capital [3] - The project is expected to start construction in the second half of 2025 and begin production in mid-2026 [2][3] Market Demand and Strategic Importance - The demand for HDI and multilayer boards is projected to grow by 12.9% in 2025, driven by sectors such as artificial intelligence and electric vehicles [4] - The chip-embedded PCB technology offers advantages such as improved reliability, reduced electrical losses, and enhanced thermal performance, making it a key focus for future development [4][5] - The company aims to optimize its product structure and enhance competitiveness in the high-end PCB market, aligning with its long-term strategic goals [4][5] Financial Impact - The project is expected to generate new profit growth points and enhance the company's brand influence, aligning with its high-quality development strategy [5] - The funding for the project will come from the company's own or self-raised funds, which will not significantly impact the company's financial status [5][6] Risk Management - The company acknowledges potential risks related to market competition, project construction delays, and funding challenges, and plans to implement measures to mitigate these risks [6][7]