Core Viewpoint - The legal opinion letter from Beijing Jindu Law Firm confirms that the second extraordinary general meeting of shareholders of Hillstone Networks Co., Ltd. held on July 14, 2025, complied with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1][2][3]. Group 1: Meeting Procedures - The meeting was convened following the proposal to hold the second extraordinary general meeting, with the chairman authorized to determine specific details such as time and location [3]. - The meeting took place at the designated venue, with the chairman presiding over the session [3][4]. Group 2: Attendance and Qualifications - A total of 81 participants attended the meeting, representing 67,714,419 shares, which is 37.8677% of the total voting shares [5]. - The qualifications of the attendees, including institutional and individual shareholders, were verified, confirming compliance with legal and regulatory requirements [5][6]. Group 3: Voting Procedures and Results - The voting was conducted through a named voting method, with results compiled from both on-site and online votes [6]. - The resolutions were passed with 61,367,755 votes in favor, representing 97.4552% of the votes cast, while 8,179 votes were abstained [7]. - The voting results were deemed legal and valid, adhering to the relevant laws and regulations [7].

Meeting Overview - The shareholders' meeting of the company was held on July 14, 2025, at the company's conference room in Suzhou [1] - A total of 81 ordinary shareholders attended the meeting, representing 67,714,419 voting rights, which accounts for 37.8677% of the company's total voting rights [1] Voting Results - The non-cumulative voting proposal was approved with 97.4422% in favor, 2.5448% against, and 0.0130% abstaining from ordinary shareholders [1] - The proposal regarding the downward adjustment of "Shan Stone Convertible Bonds" was also discussed, with voting results indicating significant support [1] Legal Compliance - The meeting's convening and voting procedures complied with the relevant laws and regulations, ensuring the legitimacy of the attendees and the voting process [2]

Core Points - The company has announced a downward adjustment of the conversion price for its convertible bonds from 24.52 CNY/share to 16.50 CNY/share, effective from July 16, 2025 [1][5][6] - The adjustment was triggered as the company's stock price was below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [4][5] - The company held a board meeting and a shareholder meeting to approve the adjustment, with the board's proposal receiving majority support [4][5] Convertible Bond Issuance Overview - The company issued a total of 2,674,300 convertible bonds at a face value of 100 CNY each, amounting to a total of 26,743.00 million CNY, with a maturity of six years from the issuance date [1][2] - The bonds were listed on the Shanghai Stock Exchange on April 21, 2022, under the name "山石转债" and code "118007" [2] Conversion Price Adjustment Mechanism - The conversion price can be adjusted downward if the stock price falls below 85% of the current conversion price for a specified period [3][4] - The adjustment requires approval from at least two-thirds of the voting rights at the shareholder meeting, excluding bondholders from voting [3] Recent Developments - The company’s stock price averaged 15.67 CNY/share over the 20 trading days prior to the shareholder meeting, and 16.04 CNY/share on the trading day before the meeting [5] - The new conversion price will be effective from July 16, 2025, after a temporary suspension of conversion on July 15, 2025 [5][6]

Core Viewpoint - The company has received approval to use its own funds to pay for part of the investment projects and subsequently replace these funds with the raised capital from the convertible bonds issuance, ensuring compliance with relevant regulations and improving operational efficiency [1][8]. Fundraising Overview - The company issued a total of 2,674,300 convertible bonds at a face value of 100 yuan each, raising a total of 26,743.00 million yuan, after deducting issuance costs [1]. - All raised funds have been deposited into a special account approved by the board of directors, with agreements signed with the underwriting institution and the commercial bank for fund supervision [2]. Investment Project Details - The total investment for the projects is 54,670.00 million yuan, with 25,925.72 million yuan allocated from the raised funds [4]. - The timeline for the projects has been adjusted, with the expected completion date for certain projects extended to September 30, 2026 [4]. Reasons for Using Own Funds - The company opted to use its own funds initially due to operational challenges in processing payments through the special fund account, which could lead to non-compliance with banking regulations [5]. - This approach aims to enhance the efficiency of fund utilization and project implementation [5]. Replacement Process - The company has established a detailed process for replacing the funds, which includes internal approval procedures and a timeline for transferring equivalent amounts from the special fund account within six months of the initial payment [6]. Impact on the Company - The use of self-funds for project payments is expected to improve operational management efficiency and ensure the smooth progress of investment projects without affecting the intended use of raised funds [6][7]. Approval Procedures - The board of directors and the supervisory board have both approved the use of self-funds for project payments, confirming that this decision aligns with legal regulations and the company's fund management policies [7][8].

中国国际金融股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会《关于同意山石网科通信技术股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2021〕4025 号）同意注 册，公司向不特定对象共计发行 2,674,300 张可转换公司债券，每张面值为 100 元，按面值发行，募集资金总额为 26,743.00 万元，扣除发行费用（不含增值税） 817.28 万元后，募集资金净额为 25,925.72 万元。上述资金已全部到位，经致同 会计师事务所（特殊普通合伙）审验并于 2022 年 3 月 30 日出具了致同验字（2022） 第 110C000170 号《验资报告》。 募集资金到账后，已全部存放于经公司董事会批准开设的募集资金专项账户 内，公司已与保荐机构、存放募集资金的商业银行中信银行股份有限公司苏州高 新技术开发区科技城支行签署了《募集资金专户存储三方监管协议》。具体内容 详见公司于 2022 年 4 月 1 日刊登在上海证券交易所网站（www.sse.com.cn）的 《山石网科通信技术股份有限公司关于签订募集资金专户存储三方监管协议的 公告》（公告编号：2022-016）。 ...

转债代码：118007 转债简称：山石转债 证券代码：688030 证券简称：山石网科 公告编号：2025-052 山石网科通信技术股份有限公司 因"山石转债"实施转股价格修正条款，本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 118007 | 山石转债 | 可转债转股停牌 | 2025/7/15 | 全天 | 2025/7/15 | 2025/7/16 | 一、可转债发行上市概况 经中国证券监督管理委员会《关于同意山石网科通信技术股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2021〕4025 号）同意注 册，山石网科通信技术股份有限公司（以下简称"公司"）于 2022 年 3 月 22 日 向不特定对象共计发行 2,674,300 张可转换公司债券，每张面值为人民币 100 元， 按面值发行，本次发行总额为人民币 26,743.00 万元，可转换公司债券期限为自发 行之日起六年。 关于向下修正"山石 ...

证券代码：688030 证券简称：山石网科 公告编号：2025-053 转债代码：118007 转债简称：山石转债 山石网科通信技术股份有限公司 关于使用自有资金支付募投项目所需资金并以募集 资金等额置换的公告 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。 经中国证券监督管理委员会《关于同意山石网科通信技术股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2021〕4025 号）同意 注册，公司向不特定对象共计发行 2,674,300 张可转换公司债券，每张面值为 100 元，按面值发行，募集资金总额为 26,743.00 万元，扣除发行费用（不含增值税） 817.28 万元后，募集资金净额为 25,925.72 万元。上述资金已全部到位，经致同 会计师事务所（特殊普通合伙）审验并于 2022 年 3 月 30 日出具了致同验字（2022） 第 110C000170 号《验资报告》。 募集资金到账后，已全部存放于经公司董事会批准开设的募集资金专项账户 内，公司已与保荐机构、存放募集资金的商业银行中信银行 ...

北京市金杜律师事务所 关于山石网科通信技术股份有限公司 2025 年第二次临时股东大会 之法律意见书 致：山石网科通信技术股份有限公司 北京市金杜律师事务所（以下简称本所）接受山石网科通信技术股份有限公司 （以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会（以 下简称中国证监会）《上市公司股东会规则（2025 年修订）》（以下简称《股东会规 则》）等中华人民共和国境内（以下简称中国境内，为本法律意见书之目的，不包 括中国香港特别行政区、中国澳门特别行政区和中国台湾省）现行有效的法律、行 政法规、规章、规范性文件和《山石网科通信技术股份有限公司章程》（以下简称 《公司章程》）有关规定，指派律师出席了公司于 2025 年 7 月 14 日召开的 2025 年 第二次临时股东大会（以下简称本次股东大会），并就本次股东大会相关事项出具 本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1 1. 经公司 2023 年年度股东大会审议通过的《山石网科通信技术股份有限公 司章程》； 2. 公司 ...

证券代码：688030 证券简称：山石网科 公告编号：2025-050 转债代码：118007 转债简称：山石转债 山石网科通信技术股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证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。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 7 月 14 日 2、召集和主持情况 会议由公司董事会召集，董事长叶海强先生主持会议。 （五） 公司董事、监事和董事会秘书的出席情况 （二） 股东大会召开的地点：苏州市高新区景润路 181 号山石网科 1 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 81 | | --- | --- | | 普通股股东人数 | 81 | | 2、出席会议的股东所持有的表决权数量 | 67,714,419 | | 普通股股东所持有表决权数量 | 67,714,419 | | 3、出席会议的股东所持有表决 ...

本公司监事会及全体监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。 证券代码：688030 证券简称：山石网科 公告编号：2025-051 转债代码：118007 转债简称：山石转债 山石网科通信技术股份有限公司 第三届监事会第四次会议决议公告 特此公告。 一、监事会会议召开情况 山石网科通信技术股份有限公司（以下简称"公司"或"山石网科"）第三 届监事会第四次会议（以下简称"本次会议"）于 2025 年 7 月 14 日以现场会议 结合电话会议方式召开，本次会议通知及相关材料已于 2025 年 7 月 4 日以电子 邮件方式送达公司全体监事。本次会议应参会监事 3 人，实际参会监事 3 人。本 次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律、法规、 规章、规范性文件和《山石网科通信技术股份有限公司章程》（以下简称"《公 司章程》"）《山石网科通信技术股份有限公司监事会议事规则》的有关规定。 表决结果：3 票同意；0 票反对；0 票弃权。 1 / 2 具体内容详见公司于 2025 年 7 月 15 日刊登在上海证券交易所网站 ...