证券简称：东芯股份 证券代码：688110 上海荣正企业咨询服务（集团）股份有限公司 关于 东芯半导体股份有限公司 2025 年股票增值权激励计划 授予事项 之 独立财务顾问报告 2025 年 10 月 | 一、释义 | 2 | | --- | --- | | 二、声明 | 3 | | 三、基本假设 | 4 | | 四、独立财务顾问意见 | 5 | | 五、备查文件及咨询方式 | 10 | 一、释义 2 1. 上市公司、公司、东芯股份：指东芯半导体股份有限公司。 2. 股权激励计划、股票增值权激励计划、本激励计划：指东芯半导体股份有限公 司 2025 年股票增值权激励计划。 3. 股票增值权、增值权：公司授予激励对象在一定条件下通过模拟股票市场价格 变化的方式，获得由公司支付的兑付价格与行权价格之间差额的权利。 4. 激励对象：按照本计划规定获得股票增值权的公司董事、高级管理人员。 5. 授予日：公司向激励对象授予股票增值权的日期，授予日必须为交易日。 6. 有效期：从股票增值权授予激励对象之日起至股票增值权全部行权/失效为止的 时间段。 7. 行权：激励对象根据股票增值权激励计划，行使其所拥有的股票增值权的 ...

中信证券股份有限公司 关于东芯半导体股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中信证券股份有限公司（以下简称"中信证券"或"组织券商"）受委托担任东方 恒信集团有限公司、苏州东芯科创股权投资合伙企业（有限合伙）（以下简称"转让方"） 以向特定机构投资者询价转让（以下简称"询价转让"）方式减持所持有的东芯半导体 股份有限公司（以下简称"公司"或"东芯股份"）首次公开发行前已发行股份的组织 券商。 经核查，中信证券就本次询价转让的股东、受让方是否符合《上海证券交易所科创 板上市公司自律监管指引第 4 号——询价转让和配售（2025 年 3 月修订）》（以下简 称"《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果是否公 平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让转让方 截至 2025 年 10 月 10 日，转让方所持公司首发前股份的数量及占公司总股本比例 情况如下： | 序号 | 股东名称 | 持股数量（股） | 持股比例 | | --- | --- | --- | --- | | 1 | 东方恒信 ...

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：688110 证券简称：东芯股份 公告编号：2025-062 东芯半导体股份有限公司 2025年第三次临时股东会决议公告 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 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） 股东会召开的时间：2025 年 10 月 16 日 （二） 股东会召开的地点：上海市青浦区徐泾镇诸光路 1588 弄上海虹桥绿地铂 瑞酒店二楼会议室 11 （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 | 704 | | --- | --- | | 普通股股东人数 | 704 | | 2、出席会议的股东所持有的表决权数量 | 188,800,555 | | 普通股股东所持有表决权数量 | 188,800,555 | | 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 | 43.4284 | | 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（%） | ...

北京德恒（深圳）律师事务所 关于东芯半导体股份有限公司 2025 年第三次临时股东会的 法律意见 深圳市福田区金田路 4018 号安联大厦 B 座 11 层 电话：0755-88286488 传真：0755-88286499 邮编：518038 2025 年第三次临时股东会的 法律意见 德恒 06G20240479-00005 号 致：东芯半导体股份有限公司 北京德恒（深圳）律师事务所 关于东芯半导体股份有限公司 2025 年第三次临时股东会的法律意见 北京德恒（深圳）律师事务所 关于东芯半导体股份有限公司 东芯半导体股份有限公司（以下简称"公司"）2025 年第三次临时股东会（以 下简称"本次股东会"）于 2025 年 10 月 16 日召开。北京德恒（深圳）律师事务 所（以下简称"本所"）受公司委托，指派何雪华律师、潘璐璐律师（以下简称"本 所律师"）出席了本次股东会。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 东会规则》（以下简称"《股东会规则》"）等现行有效的法律、法规和规范性文 件以及《东芯半导体股份有限公司章程》（以下简称 ...

证券代码：688110 证券简称：东芯股份 公告编号：2025-066 东芯半导体股份有限公司 第三届董事会第五次会议决议公告 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、准确性和完整性依法承担法律责任。 本议案已经董事会薪酬与考核委员会审议通过。 表决结果：9 票同意，0 票反对，0 票弃权，0 票回避。 以上具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn） 的《关于向 2025 年限制性股票激励计划激励对象授予限制性股票的公告》（公告 编号：2025-064）。 （二）审议通过《关于向 2025 年股票增值权激励计划激励对象授予股票增 值权的议案》 一、董事会会议召开情况 东芯半导体股份有限公司（以下简称"公司"）于 2025 年 10 月 16 日在公司 会议室以现场与通讯相结合方式召开了第三届董事会第五次会议（以下简称"本 次会议"）。公司全体董事一致同意豁免本次会议提前 5 天通知的要求。本次会议 由公司董事长蒋学明先生召集并主持，会议应出席董事 9 名，实际出席董事 9 名，其中董事吕建国先生因公务出差无法出席， ...

Core Points - The company Dongxin Co., Ltd. announced that the information disclosure obligor has cumulatively reduced its holdings by 6.6337 million shares, accounting for 1.50% of the company's total share capital [1] - After this equity change, the information disclosure obligor holds a total of 152 million shares, representing 34.47% of the company's total share capital [1] - The information disclosure obligor does not rule out the possibility of further reducing its equity holdings in the company within the next 12 months [1]

Core Points - The Sci-Tech Innovation Board (STAR Market) index rose by 1.40%, closing at 1430.00 points, with a total trading volume of 4.307 billion shares and a turnover of 208.487 billion yuan [1] - Among the tradable stocks on the STAR Market, 469 stocks closed higher, with 7 stocks increasing by over 10% and 39 stocks rising between 5% and 10% [1] - The highest turnover rate was recorded by CanSemi Technology at 22.50%, despite a closing drop of 0.30% [1][3] - In terms of sector performance, the electronics sector had the most stocks with a turnover rate exceeding 5%, totaling 29 stocks [2] Trading Activity - The average turnover rate for the STAR Market was 2.27%, with 111 stocks closing lower [1] - A total of 29 stocks with high turnover rates experienced net inflows of main funds, with Dongxin Technology, Jinpan Technology, and Aters receiving the highest net inflows of 264 million yuan, 258 million yuan, and 140 million yuan respectively [2] - Conversely, West Superconductor, Huicheng Technology, and Jucheng Technology saw the largest net outflows, amounting to 328 million yuan, 246 million yuan, and 140 million yuan respectively [2] Stock Performance - Notable performers included Jinpan Technology, which surged by 20.00%, and Mingde Medical, which rose by 12.00% [1] - The stocks with the highest turnover rates included CanSemi Technology, Guangda Special Materials, and Haocen Software, with turnover rates of 22.50%, 17.15%, and 15.64% respectively [1][3] - Stocks with significant declines included Guangda Special Materials, which fell by 9.95%, and Jingsong Intelligent, which dropped by 6.21% [1]

Core Insights - The A-share market has seen a significant rise in storage chip stocks, with notable increases in share prices for several companies [1] Group 1: Stock Performance - Hengshuo Co., Ltd. experienced a rise of 12.60%, with a total market capitalization of 4.98 billion and a year-to-date increase of 53.97% [2] - Chengdu Huami saw an increase of 8.27%, with a market cap of 32.4 billion and a year-to-date rise of 64.97% [2] - Pulang Co., Ltd. rose by 7.92%, with a market cap of 16.1 billion and a year-to-date increase of 51.37% [2] - Dongxin Co., Ltd. increased by 6.99%, with a market cap of 47.4 billion and a remarkable year-to-date rise of 330.52% [2] - Langke Technology rose by 5.35%, with a market cap of 5.764 billion and a year-to-date increase of 24.50% [2] - Yintang Intelligent Control increased by 4.45%, with a market cap of 11.5 billion and a year-to-date rise of 24.54% [2] - Xiechuang Data also saw a rise of 4.45%, with a market cap of 52.8 billion and a year-to-date increase of 100.26% [2] - Other companies like Hangzhou Kelin and Tongyou Technology also showed positive performance with increases of 3.41% and 3.17% respectively [2] Group 2: Market Indicators - The formation of a MACD golden cross signal indicates a positive trend in the stock prices of these companies [1]

Group 1 - The company has announced a change in the location for the 2025 Third Extraordinary General Meeting of Shareholders, which will now be held at Shanghai Hongqiao Greenland Platinum Hotel [2][3] - The meeting is scheduled for October 16, 2025, at 14:00 [3] - The original date for the meeting remains unchanged, and the equity registration date is also the same as previously announced [4] Group 2 - The company has conducted an inquiry for a share transfer, with a preliminary transfer price set at 82.50 yuan per share based on inquiries from institutional investors [9][11] - A total of 13 institutional investors participated in the inquiry, including fund management companies and qualified foreign institutional investors [11] - The total number of shares to be transferred is 13,267,492, with 12 institutional investors identified as the preliminary buyers [11]

Core Viewpoint - Dongxin Co., Ltd. announced a share transfer at a price of 82.50 CNY per share, representing a 16% discount from its closing price of 97.85 CNY on October 13, 2023, with a total value of 1.095 billion CNY for the shares being transferred [1] Group 1: Share Transfer and Financial Details - The share transfer involves 12 institutional investors acquiring a total of 13.2675 million shares [1] - The controlling shareholder, Dongfang Hengxin Group, along with its action-in-concert party, Suzhou Dongxin Kechuang Equity Investment Partnership, is the seller of the shares [1] - The total market capitalization of Dongxin Co., Ltd. is approximately 43.274 billion CNY [1] Group 2: Investment in Lishuan Technology - Dongxin Co., Ltd. invested 200 million CNY to acquire a 37.88% stake in Lishuan Technology, making it the largest shareholder alongside Nanjing Lishuan Technology [2] - In August 2025, Dongxin Co., Ltd. plans to further invest approximately 211 million CNY to maintain its status as the largest shareholder with a 35.87% stake [2] - Lishuan Technology focuses on the research and design of scalable GPU chips, aiming to address key issues in the domestic GPU architecture [2] Group 3: Financial Performance of Lishuan Technology - As of July 31, 2025, Lishuan Technology reported a net asset deficit of 86.33 million CNY, with zero revenue and a net loss of 155 million CNY for the first half of 2025 [2][3] - The continuous capital injection from Dongxin Co., Ltd. contrasts with the selling actions of its controlling shareholders [2][3] Group 4: Market Competition and Risks - The global discrete graphics card market is dominated by NVIDIA and AMD, creating a highly concentrated oligopoly [4] - Domestic GPU products, including those from Lishuan Technology, face significant challenges due to limitations in R&D capabilities and market maturity [4] - The commercialization of Lishuan Technology's products is critical, as delays in market entry could adversely affect cash flow and strategic positioning [4]