Core Viewpoint - The artificial intelligence (AI) sector is showing strong performance, with the China Securities Artificial Intelligence Industry Index (931071) and related ETFs reflecting positive trends in the market [1][4]. Group 1: Market Performance - As of July 3, 2025, the China Securities Artificial Intelligence Industry Index (931071) increased by 0.70%, with notable gains from stocks such as Xinyisheng (300502) up 2.95% and Shitou Technology (688169) up 2.52% [1]. - The AI ETF (515980) also saw an increase of 0.59%, indicating a positive sentiment in the AI investment space [1]. Group 2: Liquidity and Scale - The AI ETF recorded a turnover of 1.24% during the trading session, with a transaction volume of 43.44 million yuan, and an average daily transaction volume of 172 million yuan over the past week [3]. - The latest scale of the AI ETF reached 3.491 billion yuan, with leveraged funds continuing to invest, as evidenced by a net financing purchase of 16.65 million yuan on the previous trading day [3]. Group 3: Index Composition and Weighting - The China Securities Artificial Intelligence Industry Index is constructed from 50 representative listed companies based on their AI business proportion, growth level, and market capitalization, with the top ten weighted stocks accounting for 52.07% of the index [3]. - The top ten stocks in the index include companies like Zhongke Shuguang (603019) and Keda Xunfei (002230), with varying weightings that reflect their market significance [6]. Group 4: Investment Outlook - Fund manager Gao Zhe suggests that the current A-share market is in a volatile phase, but the AI sector remains a key area of growth, especially as the second quarter earnings reports approach [4]. - The AI industry is viewed as a high-certainty growth area, making it a focal point for investors seeking opportunities amidst market fluctuations [4].

本公司及监事会全体成员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、准确性和完整性依法承担法律责任。 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-048 乐鑫信息科技（上海）股份有限公司 第三届监事会第六次会议决议公告 （一）审议通过《关于调整 2021 年、2022 年、2023 年第二期、2023 年第 三期、2024 年、2025 年限制性股票激励计划授予价格及授予/归属数量的议案》 公司于 2025 年 3 月 22 日及 2025 年 5 月 21 日分别披露了《2024 年年度利 一、监事会会议召开情况 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"）第 三届监事会第六次会议（以下简称"本次会议"）于 2025 年 7 月 2 日在公司 304 会议室以现场方式召开。本次会议的通知于 2025 年 6 月 27 日通过电话及邮件方 式送达全体监事。会议应出席监事 3 人，实际到会监事 3 人，会议由监事会主席 张涵睿主持。会议的召集和召开程序符合有关法律、行政法规、部门规章、规范 性文件和公司章程的规定，会议决议合法、有效。 ...

Capital Change - The company has approved a change in registered capital from 112,200,431 RMB to 156,702,722 RMB [1][2] - The total number of shares has increased from 112,200,431 shares to 156,702,722 shares, with a cash dividend of 6 RMB per 10 shares and a capital reserve conversion of 4 shares for every 10 shares [1][2] Articles of Association Revision - The company's articles of association will be revised to reflect the new registered capital and total number of shares [2] - The specific changes include updating Article 6 and Article 20 to reflect the new registered capital and total shares, while other provisions remain unchanged [2]

Core Viewpoint - The company, Lexin Information Technology (Shanghai) Co., Ltd., is seeking to raise up to 1.777 billion yuan for various projects, including the development of Wi-Fi 7 router chips and AI edge chips based on RISC-V self-developed IP, as well as the construction of a research and development center in Shanghai [1][2]. Financing Scale and Benefit Assessment - The total amount to be raised is capped at 177,787.67 million yuan, allocated for projects such as Wi-Fi 7 router chip R&D, Wi-Fi 7 smart terminal chip R&D, and the Shanghai R&D center construction [1][3]. - The company plans to invest 59,773.00 million yuan in the Shanghai R&D center, with 42,269.00 million yuan designated for site investment [1][3]. - As of December 31, 2024, the company holds cash of 67,388.42 million yuan and other liquid assets totaling 62,867.88 million yuan [1]. Investment Composition of Fundraising Projects - The fundraising will cover various expenses, including trial production, hardware and software equipment, and personnel costs, with a total planned investment of 39,852.47 million yuan for the Wi-Fi 7 router chip project [3][4]. - The project includes site investment for R&D and office space, with an average office area of 21.66 square meters per person and a rental cost of 5.00 yuan per square meter per day [4][5]. - Hardware and software equipment costs are estimated based on historical procurement prices and supplier quotes, totaling 7,288.81 million yuan [5][9]. Personnel and Operational Costs - Personnel costs for the project are estimated at 19,153.05 million yuan, based on a projected workforce of 89 R&D personnel with an average salary of 700,000 yuan per year [7][11]. - The company operates under a Fabless model, focusing on R&D and design while outsourcing manufacturing, which influences the allocation of funds for operational needs [8][12]. Comparison with Industry Standards - The cost structure of the company's projects aligns with industry norms, with personnel costs, trial production expenses, and equipment purchases being the primary components [20][22]. - The company has made prior investments of 40 million yuan into the R&D center before the board's approval, which will not be included in the fundraising allocation [23]. Capital and Non-Capital Expenditure Breakdown - The capital and non-capital expenditure breakdown for the fundraising projects indicates that site investment constitutes 0.77% of the total investment, while hardware and software investments account for 4.01% [24].

Core Points - Espressif Systems (Shanghai) Co., Ltd. is established as a joint-stock company under the Company Law of the People's Republic of China, with a registered capital of 156,702,722 RMB [2][4] - The company aims to innovate and develop leading technologies to create a top-tier global IoT platform [2][3] - The company was approved for public offering of 20 million shares on July 1, 2019, by the China Securities Regulatory Commission [2][4] Company Structure - The company is registered in the Shanghai Free Trade Zone and operates under a legal framework that includes the Company Law and Securities Law of China [2][3] - The company has a board of directors, with the chairman serving as the legal representative [2][4] - The company’s assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [2][4] Share Issuance and Management - The total number of shares issued by the company is 156,702,722, all of which are ordinary shares [4][5] - The company follows principles of fairness, justice, and openness in share issuance, ensuring equal rights for all shares of the same category [4][5] - The company can increase its capital through various methods, including public and private offerings, and can also reduce its registered capital under specific conditions [5][6] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, and supervise company operations [11][12] - Shareholders holding more than 5% of shares must report any pledge of their shares to the company [17][18] - The company must maintain a shareholder register, which serves as proof of share ownership [11][12] Governance and Compliance - The company is required to disclose information about shareholders and actual controllers accurately and completely [11][12] - The company must hold annual shareholder meetings within six months after the end of the fiscal year [23][24] - The board of directors is responsible for convening shareholder meetings and must comply with legal and regulatory requirements [25][26]

Company Overview - Espressif Systems (Shanghai) Co., Ltd. is focused on integrated circuit design and sales, primarily in the AIoT field, with a registered capital of 156.70 million yuan [16][19]. - The company operates under a Fabless model, outsourcing manufacturing, packaging, and testing to third-party firms, with TSMC as its main wafer supplier [10][19]. Fundraising and Investment Plans - The company plans to issue shares to specific investors, with the total number of shares not exceeding 10% of the total share capital prior to the issuance [4][3]. - The total investment for the AI edge chip development project is approximately 1.82 billion yuan, with 1.78 billion yuan expected to be funded through this issuance [4][3]. Shareholder Structure - As of December 31, 2024, the top ten shareholders hold 51.60% of the shares, with the largest shareholder being Espressif (Hong Kong) Investment Co., Ltd., owning 40.06% [16][17]. - The actual controller of the company is Teo Swee Ann, who has extensive experience in the semiconductor industry [18][17]. Industry Context - The integrated circuit design industry is regulated by the Ministry of Industry and Information Technology of China, which sets development strategies and policies [19][20]. - The industry is characterized by high market concentration and significant technological and capital requirements for manufacturing [10][19]. Risk Factors - The company faces risks related to the implementation of fundraising projects, including management challenges and potential delays in project execution [7]. - There are uncertainties regarding the expected benefits from the fundraising projects, influenced by macroeconomic conditions and market demand [8][9].

证券代码：688018 证券简称：乐鑫科技 公告编号：2025-051 乐鑫信息科技（上海）股份有限公司 关于调整 2021 年、2022 年、2023 年第二期、 限制性股票激励计划授予价格及授予/归属数量的公告 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、准确性和完整性依法承担法律责任。 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"）于 2025 年 7 月 2 日召开的第三届董事会第七次会议、第三届监事会第六次会议审议通过了《关于调整 划授予价格及授予/归属数量的议案》，同意根据公司《2021 年限制性股票激励计划（草 案）》（以下简称"《2021 年激励计划》"）、《2022 年限制性股票激励计划（草案）》 （以下简称"《2022 年激励计划》"）、《2023 年第二期限制性股票激励计划（草案）》 （以下简称"《2023 年第二期激励计划》"）、《2023 年第三期限制性股票激励计划（草 案）》（以下简称"《2023 年第三期激励计划》"）、《2024 年限制性股票激励计划（草 案）》（以下简称"《2024 年激励计划》"） ...

证券代码：688018 证券简称：乐鑫科技 公告编号：2025-051 乐鑫信息科技（上海）股份有限公司 关于调整 2021 年、2022 年、2023 年第二期、 2023 年第三期、2024 年、2025 年 限制性股票激励计划授予价格及授予/归属数量的公告 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、准确性和完整性依法承担法律责任。 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"）于 2025 年 7 月 2 日召开的第三届董事会第七次会议、第三届监事会第六次会议审议通过了《关于调整 2021 年、2022 年、2023 年第二期、2023 年第三期、2024 年、2025 年限制性股票激励计 划授予价格及授予/归属数量的议案》，同意根据公司《2021 年限制性股票激励计划（草 案）》（以下简称"《2021 年激励计划》"）、《2022 年限制性股票激励计划（草案）》 （以下简称"《2022 年激励计划》"）、《2023 年第二期限制性股票激励计划（草案）》 （以下简称"《2023 年第二期激励计划》"）、《2023 年第三期限 ...

证券代码：688018 证券简称：乐鑫科技 乐鑫信息科技（上海）股份有限公司 Espressif Systems （Shanghai） Co., Ltd. （中国（上海）自由贸易试验区碧波路 690 号 2 号楼 204 室） 2025 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年七月 乐鑫信息科技（上海）股份有限公司 募集说明书（申报稿） 声 明 本公司及全体董事、监事、高级管理人员承诺本募集说明书内容真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承 担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对公司的盈利能力、投资价值或者对投资者的收益作出实质性判断或 保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化， ...

上海市锦天城律师事务所 关于乐鑫信息科技（上海）股份有限公司 2021 年限制性股票激励计划、 2022 年限制性股票激励计划、 2023 年第二期限制性股票激励计划、 2023 年第三期限制性股票激励计划、 2024 年限制性股票激励计划、 2025 年限制性股票激励计划 授予价格及授予/归属数量调整的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所关于 乐鑫信息科技（上海）股份有限公司 2021 年限制性股票激励计划、2022 年限制性股票激励计划、2023 年 第二期限制性股票激励计划、2023 年第三期限制性股票激励计划、 2024 年限制性股票激励计划、2025 年限制性股票激励计划授予价格 及授予/归属数量调整的 法律意见书 致：乐鑫信息科技（上海）股份有限公司 第一部分 引言 上海市锦天城律师事务所（以下简称"本所"或"我们"）接受乐鑫信息科 技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"）的委托，指派沈 诚 ...