Group 1 - The law firm Beijing King & Wood Mallesons (Chengdu) was commissioned by Chengdu Zongheng Automation Technology Co., Ltd. to provide legal opinions regarding the company's second extraordinary general meeting of shareholders held on June 23, 2025 [1][2] - The law firm confirmed that the company provided all necessary documents and materials for the issuance of the legal opinion, ensuring their authenticity and completeness [1][2] - The legal opinion focuses on the procedures for convening and holding the shareholders' meeting, the qualifications of attendees, and the voting procedures and results, without commenting on the content of the proposals discussed [2][3] Group 2 - The shareholders' meeting was convened in accordance with the relevant laws and regulations, with the notice published in designated media [3][4] - The meeting was held at a specified location, and the chairman was absent, leading to the appointment of the deputy general manager to preside over the meeting [4] - A total of 58 shareholders participated in the meeting, representing 49,684,408 voting shares, which accounted for 56.7303% of the total voting shares [5][6] Group 3 - The voting process was conducted through a named voting method, with results verified by representatives and the law firm [6][8] - The proposals were approved with 49,593,976 votes in favor, representing 99.1813% of the votes cast, while 351 votes were abstained [6][8] - The voting results were deemed legal and valid, confirming compliance with relevant laws and regulations [8]

北京金杜（成都）律师事务所 关于成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会之法律意见书 致：成都纵横自动化技术股份有限公司 北京金杜（成都）律师事务所（以下简称本所）接受成都纵横自动化技术股 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（2019 修订）》 （以下简称《证券法》）、《中华人民共和国公司法（2023 修订）》（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 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，不包括中华人民共和国香港特别行政 区、中华人民共和国澳门特别行政区和中华人民共和国台湾省）现行有效的法律、 行政法规、规章和规范性文件和现行有效的公司章程有关规定，指派律师出席了 公司于 2025 年 6 月 23 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. 公司 2023 年第二次临时股东大会审议通过的《成都纵横自动 ...

证券代码：688070 证券简称：纵横股份 公告编号：2025-034 成都纵横自动化技术股份有限公司 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 06 月 23 日 （二） 股东大会召开的地点：四川省成都市高新区天府五街菁蓉汇 3A11 楼 A3 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 | 58 | | --- | --- | | 普通股股东人数 | 58 | | 2、出席会议的股东所持有的表决权数量 | 49,684,408 | | 普通股股东所持有表决权数量 | 49,684,408 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 56.7303 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 56.73 ...

Core Insights - The electric propulsion system for drones is considered the "heart" of the drone, responsible for providing power output and consists of key components such as motors, electronic speed controllers, propellers, and batteries [1][6][11] - The market for China's civil drone electric propulsion systems (excluding batteries) is projected to grow from 1.679 billion yuan in 2019 to 4.619 billion yuan in 2024, with a forecast of approximately 10.975 billion yuan by 2029 [1][11] - The industrial-grade drone electric propulsion system market has surpassed the consumer-grade market for the first time in 2023, with its market share increasing from 33.47% in 2019 to 55.29% in 2024 [13] Industry Overview - The electric propulsion system is crucial for drone stability and efficiency, with motors converting electrical energy into mechanical energy, electronic speed controllers managing motor speed, propellers generating thrust, and batteries supplying energy [1][4][6] - The upstream supply chain includes raw materials and components such as motors, electronic speed controllers, and propellers, while the midstream involves assembly and manufacturing by companies like DJI and Zongheng [6][11] Market Environment - The rapid advancement of technologies such as IoT and mobile communications has diversified the application scenarios for civil drones, enhancing their penetration and acceptance across various industries [6][8] - China has become the world's largest market for civil drones, with the market size growing from 1 billion yuan in 2013 to 64.21 billion yuan in 2024 [6] Policy Support - Recent government policies, including the "Green Aviation Manufacturing Industry Development Outline (2023-2035)," emphasize the development of the electric aircraft industry chain and technological breakthroughs in core components [8][10] - Various initiatives aim to promote the application of electric vertical takeoff and landing (eVTOL) aircraft and smart logistics equipment [10][22] Competitive Landscape - The market is characterized by a "one strong, many strong" competitive structure, with DJI holding over 70% of the consumer drone market and 40% of the industrial market, while Sanrui Intelligent ranks second globally in market share [15][18] - Companies like Zongheng and Sanrui Intelligent are also significant players, with Zongheng's revenue reaching 474 million yuan in 2024, a 57.14% increase year-on-year [16][18] Development Trends 1. **Technological Innovation**: Continuous advancements in lithium battery technology and brushless motor applications are enhancing drone performance and efficiency [20][21] 2. **Market Demand Expansion**: The growing application of drones in agriculture, logistics, and emergency services is driving demand for electric propulsion systems [21][22] 3. **Regulatory Framework**: Government policies and industry standards are fostering a conducive environment for the development of the electric propulsion system sector [22]

公司代码：688070 公司简称：纵横股份 成都纵横自动化技术股份有限公司 2025年第二次临时股东大会会议资料 成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会会议资料 目录 | 2025 | 年第二次临时股东大会会议须知 | 3 | | --- | --- | --- | | 2025 | 年第二次临时股东大会会议议程 | 6 | | 2025 | 年第二次临时股东大会会议议案 | 8 | | | 议案一：关于为控股子公司提供担保的议案 | 9 | 2 成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会会议资料 二〇二五年六月 1 成都纵横自动化技术股份有限公司 2025年第二次临时股东大会会议资料 成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会会议须知 为维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大 会的顺利进行，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中 华人民共和国证券法》（以下简称"《证券法》"）《上市公司股东大会规则》 以及《成都纵横自动化技术股份有限公司章程》（以下简称"《公司章程》"） 《成都纵横自动化技术股份有限 ...

Core Viewpoint - The company is preparing for its second extraordinary general meeting of shareholders in 2025, focusing on maintaining order and protecting shareholder rights during the meeting [1][2][3]. Meeting Regulations - All attendees must adhere to the principles of protecting shareholder rights and maintaining order during the meeting, with strict rules against disruptive behavior [1][2]. - Attendees must register 30 minutes before the meeting and present necessary identification and documentation [2][3]. - Only shareholders and authorized representatives are allowed to participate in the meeting, ensuring the integrity of the voting process [3][4]. Voting Procedures - The meeting will utilize both on-site and online voting methods, with specific time slots designated for online voting [6][7]. - Shareholders must express their opinions on submitted resolutions as either in favor, against, or abstaining, with strict rules on how votes are cast [5][9]. - The results of the voting will be announced after the meeting, with legal oversight provided by a law firm [5][7]. Key Agenda Item - A significant agenda item includes a proposal for the company to provide guarantees for its subsidiary, Chengdu Zongheng Yunlong Drone Technology Co., Ltd., in relation to a capital increase agreement with an investor [8][9]. - The investment agreement involves an investment of RMB 49.5 million, with a valuation of RMB 293 million for the subsidiary prior to the transaction [8][9].

公司代码：688070 公司简称：纵横股份 成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会会议资料 二〇二五年六月 1 成都纵横自动化技术股份有限公司 2025年第二次临时股东大会会议资料 成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会会议资料 目录 | 2025 | 年第二次临时股东大会会议须知 | 3 | | --- | --- | --- | | 2025 | 年第二次临时股东大会会议议程 | 6 | | 2025 | 年第二次临时股东大会会议议案 | 8 | | | 议案一：关于为控股子公司提供担保的议案 | 9 | 2 成都纵横自动化技术股份有限公司 2025年第二次临时股东大会会议资料 成都纵横自动化技术股份有限公司 2025 年第二次临时股东大会会议须知 为维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大 会的顺利进行，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中 华人民共和国证券法》（以下简称"《证券法》"）《上市公司股东大会规则》 以及《成都纵横自动化技术股份有限公司章程》（以下简称"《公司章程》"） 《成都纵横自动化技术股份有限 ...

Group 1: Fund Management and Investment - Fund managers have collectively purchased 2.268 billion yuan worth of their own equity funds as of June 9 this year [1] - The trend of fund managers buying back their equity funds has accelerated, with several major fund companies announcing their self-purchases [14] Group 2: Regulatory and Policy Developments - The Ministry of Industry and Information Technology announced a supervision check for vehicle production consistency, focusing on models with significant quality and safety concerns [7] - The Ministry of Industry and Information Technology and the Ministry of Civil Affairs are promoting the development of intelligent elderly care service robots, emphasizing safety and reliability standards [4] Group 3: Trade and Economic Indicators - In the first five months of 2025, China's total import and export value reached 17.94 trillion yuan, a year-on-year increase of 2.5% [3] - In May, the total import and export value was 3.81 trillion yuan, with exports growing by 7.2% year-on-year [3] Group 4: Corporate Developments - China National Pharmaceutical Group Corporation will become the new actual controller of Pailin Biotechnology after acquiring 21.03% of its shares [21] - Midea Group is recalling over one million window air conditioners in North America due to user feedback regarding mold issues [20]

Investment Rating - The industry rating is "Outperform the Market" [8][16] Core Viewpoints - The automotive sector is focusing on luxury vehicles and unmanned logistics, with a recommendation to pay attention to leading companies such as BYD, Geely, and Xiaomi for overall vehicle production, and to Seres and Li Auto for luxury vehicles [3][4] - The robotaxi segment has experienced significant adjustments, primarily influenced by trading factors rather than fundamental issues, with a focus on the upcoming operational effects of Tesla's robotaxi on June 12 [4][5] - The low-altitude economy is highlighted, particularly the unmanned aerial vehicle (UAV) sector, which is expected to shift from being part of unmanned logistics to an independent market leader if relevant policies are implemented in June [6] Summary by Sections Automotive Sector - The report emphasizes the ongoing pressure in the domestic market and the increasing competition, suggesting a focus on leading automotive companies and luxury vehicle manufacturers [4][3] - Key companies to watch include BYD, Geely, Xiaomi, Seres, and Li Auto [4] Robotaxi and Robotics - The report notes a significant adjustment in the robotaxi market, with a focus on the upcoming Tesla robotaxi operations and the potential for new market trends [4][5] - Recommendations include focusing on large-cap stocks related to Tesla and companies with strong industrial logic and future potential [5] Low-altitude Economy - The report suggests that the UAV sector is poised for growth, particularly if low-altitude policies are enacted, with a focus on companies like Zongheng and Green Energy Hui充 [6]

证券代码：688070 证券简称：纵横股份 公告编号：2025-032 成都纵横自动化技术股份有限公司 关于为控股子公司提供担保、接受关联方担保暨 控股子公司股权融资的公告 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。 重要内容提示： 被担保人基本情况：成都纵横云龙无人机科技有限公司（简称"纵横云 龙"），系成都纵横自动化技术股份有限公司（以下简称"纵横股份"或"公 司"）持股 80.00%的控股子公司。 本次担保尚需提交股东大会审议。 一、担保情况概述 2025 年 6 月 5 日，纵横云龙就股权融资事宜与绍兴鉴水科技城开发建设有限 公司（简称"投资人"）签署《增资协议》及《股东协议》，约定投资人向纵横 云龙进行股权投资。其中：《增资协议》约定投资人按照纵横云龙按在交割前的 估值人民币 2.93 亿元计算，向纵横云龙投资人民币 4,950.00 万元,其中投入纵横 云龙注册资本人民币 846.00 万元，其余投资款人民币 4104.00 万元作为增资的溢 价进入纵横云龙的资本公积。增资完成后，纵横云龙的注册资本由 5, ...