公司简称：海光信息 证券代码：688041 上海荣正企业咨询服务（集团）股份有限公司 关于 海光信息技术股份有限公司 2025 年限制性股票激励计划 首次授予相关事项 之 独立财务顾问报告 一、释义 3 / 14 1. 上市公司、公司、海光信息：指海光信息技术股份有限公司。 2. 股权激励计划、限制性股票激励计划、本激励计划：指《海光信息技术股份 有限公司 2025 年限制性股票激励计划（草案）》。 3. 限制性股票、第二类限制性股票：符合激励计划授予条件的激励对象，在满 足相应归属条件后分次获得并登记的本公司股票。 4. 激励对象：按照激励计划规定，获得限制性股票的公司（含子公司）任职的 核心技术人员、董事会认为需要激励的其他人员。 5. 授予日：指公司向激励对象授予限制性股票的日期。 6. 授予价格：指公司授予激励对象每一股限制性股票的价格。 7. 有效期：自限制性股票首次授予之日起到激励对象获授的限制性股票全部归 属或作废失效的期间 8. 归属：指激励对象满足获益条件后，上市公司将股票登记至激励对象账户的 行为。 9. 归属条件：限制性股票激励计划所设立的激励对象为获得激励股票所需满足 的获益条件。 1 ...

北京市中伦律师事务所 关于海光信息技术股份有限公司 股票激励计划授予事项的 法律意见书 2025 年 11 月 | 一、 | 本次激励计划调整、授予的批准和授权 | 5 | | --- | --- | --- | | 二、 | 本次调整的内容 | 5 | | 三、 | 本次激励计划的授予日 5 | | | 四、 | 本次激励计划的授予条件 | 7 | | 五、 | 结论意见 | 7 | 北京市中伦律师事务所 关于海光信息技术股份有限公司 股票激励计划授予事项的 法律意见书 致：海光信息技术股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受海光信息技术股份有限公 司（以下简称"海光信息"或"公司"）的委托，担任其 2025 年限制性股票激 励计划（以下简称"本次激励计划"）事宜的专项法律顾问，就公司本次激励计 划首次授予激励对象名单及授予数量的调整（以下简称"本次调整"）以及授予 事项（以下简称"本次激励计划授予"）等事宜，出具《北京市中伦律师事务所 关于海光信息技术股份有限公司股票激励计划授予事项的法律意见书》（以下简 称"法律意见书"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》" ...

海光信息技术股份有限公司 第二届董事会第十六次会议决议公告 证券代码：688041 证券简称：海光信息 公告编号：2025-048 详细内容请见 2025 年 11 月 22 日在上海证券交易所网站（www.sse.com.cn） 披露的公司《关于调整 2025 年限制性股票激励计划相关事项的公告》（公告编 号：2025-046）。 二、审议通过《关于向激励对象首次授予限制性股票的议案》 根据《上市公司股权激励管理办法》、公司《2025 年限制性股票激励计划 （草案）》等相关规定和公司 2025 年第二次临时股东会的授权，董事会认为公 司 2025 年限制性股票激励计划规定的首次授予条件已经成就，同意确定 2025 年 11 月 21 日为首次授予日，并同意以 90.25 元/股的授予价格向符合授予条件的 878 名激励对象授予 1,653.54 万股限制性股票。 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个别及连带责任。 海光信息技术股份有限公司（以下简称"公司"）第二届董事会第十六次会 议于 2025 年 11 月 21 日在 ...

格隆汇11月21日丨海光信息(688041.SH)公布，公司于2025年11月21日召开第二届董事会第十六次会 议，审议通过了《关于向激励对象首次授予限制性股票的议案》，公司《2025年限制性股票激励计划 （草案）》规定的限制性股票首次授予条件已经成就，根据公司2025年第二次临时股东会授权，同意确 定2025年11月21日为首次授予日，并同意以90.25元/股的授予价格向符合授予条件的878名激励对象授予 1653.54万股限制性股票。 ...

Group 1 - The report highlights the ongoing transformation in the artificial intelligence (AI) industry, with significant advancements in AI models and increasing capital expenditures from cloud service providers, driving demand for AI computing hardware infrastructure [8][20][39] - The semiconductor industry is expected to continue its upward trend, with AI driving a potential super cycle in the memory sector, as domestic manufacturers enhance their competitive advantages in technology and supply chains [11][18][19] - The electronic industry has significantly outperformed the CSI 300 index, with a year-to-date increase of 38.35% compared to the CSI 300's 16.85% [18][19] Group 2 - Major cloud companies are increasing their capital expenditures, with North American cloud providers collectively spending $96.4 billion in Q3 2025, a 67% year-on-year increase, to support AI infrastructure [39][40] - The report emphasizes the rapid growth of AI server demand, with the global AI server market projected to reach $158.7 billion in 2025, reflecting a compound annual growth rate of 15.5% from 2024 to 2028 [51][53] - The report identifies key investment opportunities in sectors such as AI computing chips, AI PCBs, and memory modules, recommending specific companies for investment based on their market positions and growth potential [11][12][52]

Core Viewpoint - The chip ETF E Fund (516350) opened down by 1.95% at 1.109 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The E Fund chip ETF's performance benchmark is the CSI Chip Industry Index return [1] - Since its establishment on December 15, 2021, the fund has achieved a return of 13.01% [1] - Over the past month, the fund has experienced a return of -3.30% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC down 2.50% [1] - Cambricon down 2.42% [1] - Haiguang Information down 2.25% [1] - Northern Huachuang down 2.40% [1] - Lattice Semiconductor down 2.66% [1] - Zhaoyi Innovation down 5.07% [1] - Zhongwei Company down 2.90% [1] - OmniVision down 1.31% [1] - Chipone down 4.01% [1] - Changdian Technology down 1.44% [1]

Group 1 - The semiconductor ETF Southern (159325) opened down 2.20%, priced at 1.378 yuan [1] - Major holdings in the ETF experienced declines, including SMIC down 2.50%, Cambrian down 2.42%, and GigaDevice down 5.07% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index return, managed by Southern Fund Management Co., Ltd. [1] Group 2 - Since its inception on October 31, 2024, the ETF has returned 40.62%, while the return over the past month is -4.13% [1]

Core Viewpoint - The semiconductor leader ETF (516640) opened down by 2.18% at 0.986 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The semiconductor leader ETF (516640) has a performance benchmark based on the CSI Semiconductor Industry Index return [1] - Since its establishment on August 19, 2021, the ETF has returned 0.82%, while its return over the past month is -3.38% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 2.50% - Cambricon (寒武纪) down 2.42% - Haiguang Information (海光信息) down 2.25% - Northern Huachuang (北方华创) down 2.40% - Lattice Semiconductor (澜起科技) down 2.66% - Zhaoyi Innovation (兆易创新) down 5.07% - Zhongwei Company (中微公司) down 2.90% - OmniVision (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - Changdian Technology (长电科技) down 1.44% [1]

Core Viewpoint - The integrated circuit ETF (562820) opened with a decline of 2.89%, indicating a bearish trend in the sector [1] Group 1: ETF Performance - The integrated circuit ETF (562820) opened at 2.083 yuan [1] - Since its establishment on April 12, 2024, the fund has achieved a return of 114.57% [1] - The fund has experienced a return of -4.65% over the past month [1] Group 2: Major Holdings Performance - Major stocks within the ETF showed significant declines, including: - Cambrian (寒武纪) down 2.42% - SMIC (中芯国际) down 2.50% - Haiguang Information (海光信息) down 2.25% - Lattice Technology (澜起科技) down 2.66% - GigaDevice (兆易创新) down 5.07% - Haowei Group (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - JCET (长电科技) down 1.44% - Unisoc (紫光国微) down 2.00% - Tongfu Microelectronics (通富微电) down 2.07% [1] Group 3: Management Information - The ETF is managed by Harvest Fund Management Co., Ltd. [1] - The fund manager is Tian Guangyuan [1] - The performance benchmark for the ETF is the CSI All-Share Integrated Circuit Index [1]

Core Viewpoint - The chip ETF Tianhong (159310) opened with a decline of 3.17%, indicating a bearish trend in the semiconductor sector [1] Group 1: ETF Performance - The Tianhong chip ETF (159310) opened at 1.896 yuan, reflecting a significant drop [1] - The fund's performance benchmark is the CSI Chip Industry Index return rate, managed by Tianhong Fund Management Co., Ltd. [1] - Since its establishment on April 18, 2024, the fund has achieved a return of 95.73%, while its return over the past month is -3.40% [1] Group 2: Major Holdings Performance - Key holdings in the Tianhong chip ETF experienced notable declines, including: - SMIC down 2.50% - Cambrian down 2.42% - Haiguang Information down 2.25% - Northern Huachuang down 2.40% - Lanke Technology down 2.66% - Zhaoyi Innovation down 5.07% - Zhongwei Company down 2.90% - OmniVision down 1.31% - Chipone down 4.01% - Changdian Technology down 1.44% [1]