云从科技集团股份有限公司 本办法适用于参与公司本激励计划的所有激励对象，即经董事会审议通过的 所有激励对象，包括公司公告本激励计划时在公司（含控股子公司）任职的董事、 高级管理人员、技术骨干人员以及董事会认为需要激励的其他人员（不包括独立 董事、监事、单独或合计持有上市公司 5%以上股份的股东、上市公司实际控制 二、考核原则 （一）本办法所实施的考核坚持公平、公正、公开的原则，严格按照本办法 考核、 评估激励对象； 2025 年第二期限制性股票激励计划实施考核管理办法 （二）坚持准确、全面、及时的原则以及为激励计划配套的原则； 为保证公司 2025 年第二期限制性股票激励计划（以下简称"本激励计划"） 的顺利进行和有效实施，不断完善法人治理结构，形成良好均衡的价值分配体系 和激励约束机制，激励公司核心经营管理团队及骨干员工诚信勤勉地开展工作， 促进公司经营业绩持续稳步提升，确保长期发展战略和经营目标的实现，根据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励管理办法》 等有关法律、法规和规范性文件及《公司章程》、本激励计划的相关规定和公司 内外部实际情况，特制定本办法。 （三）考核指标与公 ...

上海荣正企业咨询服务（集团）股份有限公司 关 于 云从科技集团股份有限公司 2025年第二期限制性股票激励计划（草案） 之 独立财务顾问报告 2025 年 9 月 | | | 证券简称：云从科技 证券代码：688327 | 一、释义 3 | | --- | | 二、声明 5 | | 三、基本假设 6 | | 四、股权激励计划的主要内容 7 | | （一）激励对象的范围及分配情况 7 | | （二）授予的限制性股票来源和数量 8 | | （四）限制性股票的授予价格及授予价格的确定方法 11 | | （五）限制性股票的授予与归属条件 13 | | （六）本激励计划的其他内容 16 | | 五、独立财务顾问意见 17 | | （一）对本激励计划是否符合政策法规规定的核查意见 17 | | （二）对公司实行本激励计划可行性的核查意见 18 | | （三）对激励对象范围和资格的核查意见 18 | | （四）对本激励计划权益授出额度的核查意见 19 | | （五）对本激励计划授予价格定价方式的核查意见 19 | | （六）对上市公司是否为激励对象提供任何形式的财务资助的核查意见 21 | | （七）对本激励计划是否存在损 ...

北京国枫律师事务所 关于云从科技集团股份有限公司 2025 年第二期限制性股票激励计划（草案）的 法律意见书 国枫律证字[2025]AN168-1号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层 郎编: 100005 电话(Tel): 010－88004488/66090088 传真(Fax): 010—66090016 目 录 | 释 义… | | --- | | 一、本次激励计划的主体资格 | | 二、本次激励计划主要内容的合法合规性 | | 三、本次激励计划涉及的法定程序 ……………………………………………………………………………………………………… 19 | | 四、本次激励计划的激励对象 | | 五、本次激励计划的信息披露 | | 六、公司不存在为激励对象提供财务资助的情形 | | 七、本次激励计划的实施对公司及全体股东利益的影响 . | | 八、关联董事的回避表决情况 ………………………………………………………………………………………………………………………………………………………………………………………………… ...

证券代码：688327 证券简称：云从科技 公告编号：2025-045 关于召开2025年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 云从科技集团股份有限公司 2025年第二次临时股东大会 召开日期时间：2025 年 10 月 16 日 15 点 00 分 召开地点：上海市浦东新区川和路 55 弄张江人工智能岛 11 号楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 10 月 16 日 至2025 年 10 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年10月16日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期 ...

云从科技集团股份有限公司 2025 年第二次临时股东大会会议资料 证券代码：688327 证券简称：云从科技 云从科技集团股份有限公司 2025 年第二次临时股东大会 会议资料 二〇二五年十月 | 2025年第二次临时股东大会须知 | 1 | | --- | --- | | 2025年第二次临时股东大会会议议程 | 3 | | 议案一：《关于公司〈2025年第二期限制性股票激励计划（草案）〉及其摘要 | | | 的议案》 | 4 | | 议案二：《关于公司〈2025年第二期限制性股票激励计划实施考核管理办法〉 | | | 的议案》 | 5 | | 议案三：《关于提请股东大会授权董事会办理公司2025年第二期限制性股票激 | | | 励计划相关事宜的议案》 | 6 | 云从科技集团股份有限公司 2025 年第二次临时股东大会会议资料 2025年第二次临时股东大会须知 根据中国证券监督管理委员会《上市公司股东会规则》和《公司章程》的有 关规定，为确保公司股东大会顺利召开，特制定大会须知如下，望出席股东大会 的全体人员遵守执行： 一、公司董事会办公室具体负责大会有关程序、资料方面的事宜。 二、股东大会期间，全体出席 ...

Core Insights - CloudWalk Technology's "Congrong Large Model Intelligent Integration Machine" was awarded as one of the "Top Ten Benchmark Cases" in the AI Infra category at the 2025 AI Industry and Empowering New Industrialization Conference hosted by the China Academy of Information and Communications Technology [1] - The integration machine is built on the Ascend AI foundational software and hardware platform, combining CloudWalk's multimodal large model with various language models and toolchains, providing a comprehensive solution from computing power to model training and industry applications [1] - The core competitiveness of the integration machine lies in the dual-drive of "AI Infrastructure + AI Multimodal Intelligent Agents," enabling flexible adaptation to complex scenarios in various industries such as digital government, transportation, finance, and manufacturing [1] Performance and Application - In practical applications at the Wuhan National Cybersecurity Base, the integration machine demonstrated significant performance improvements by optimizing resource allocation and inference acceleration, providing replicable experiences for intelligent transformation in other industries [2] - The machine incorporates an innovative "Trusted Data Space" concept, ensuring data security and privacy during training and inference, making it suitable for industries with high data security requirements such as finance, government, and healthcare [2] - CloudWalk has partnered with various organizations, including the National Cybersecurity Base, Tianjin Port Group, China Telecom, and State Grid Shandong, to achieve large-scale applications in smart cybersecurity, smart ports, intelligent manufacturing, and intelligent customer service [2] Case Study - The deployment of PortGPT, the world's first port large model at Tianjin Port, significantly improved cargo scheduling efficiency, enabling intelligent optimization of logistics paths and simplifying the port handover meeting process through the digital assistant "TianTian," establishing a benchmark case for smart port construction [2]

Group 1 - The focus is on the information technology self-controllable sector, with the Xinchuang ETF fund (562030) experiencing a mid-session increase of 2.68% and currently up by 1.96% [1] - Among the constituent stocks, Neusoft Group leads with over 6% increase, followed by Chengdu Huami and Kingsoft Office with over 4% gains, and other stocks like Deepin Technology, 360 Security, and CloudWalk Technology also showing upward trends [1] Group 2 - Multiple cybersecurity listed companies are actively investing in AI technology research and development, with Deepin Technology applying large model technology to network security products, creating AI firewalls and other security products [3] - Ant Group has recently launched innovative products and solutions that integrate network security and AI technology, including the gPass framework for smart glasses, which has partnered with brands like Rokid and Xiaomi [3] - Market analysts indicate that the application of AI technology will lead to explosive growth across various industries, but security issues are limiting data circulation [3] Group 3 - Dongguan Securities notes that the Xinchuang industry is steadily advancing according to a "2+8+N" rhythm, transitioning from policy-driven to a dual drive of policy and market [4] - The market scale is expected to grow significantly, with projected growth rates of 17.84% and 26.82% for 2025 and 2026 respectively, and the market is anticipated to exceed 2.6 trillion yuan by 2026 [4] Group 4 - The Xinchuang ETF fund (562030) and its linked funds are designed to passively track the CSI Xinchuang Index, which covers key segments of the Xinchuang industry chain, including hardware, software, application software, and information security [6] - The investment logic for the Xinchuang industry includes international geopolitical disturbances, increased local debt efforts, technological breakthroughs by domestic manufacturers, and the critical timing of procurement standards [6]

Group 1 - CloudWalk Technology's stock increased by 5.12% to 17.65 CNY per share, with a trading volume of 658 million CNY and a turnover rate of 4.60%, resulting in a total market capitalization of 18.33 billion CNY [1] - The company, established on March 27, 2015, and listed on May 27, 2022, is based in Shanghai and specializes in providing efficient human-machine collaboration operating systems and industry solutions, contributing to the industrialization of artificial intelligence and the intelligent transformation of various industries [1] - The revenue composition of CloudWalk Technology includes 75.55% from artificial intelligence solutions, 24.19% from human-machine collaboration operating systems, and 0.25% from other sources [1] Group 2 - Tianhong Fund has a significant holding in CloudWalk Technology, with the Tianhong CSI 1000 Index Enhanced A Fund (014201) owning 498,900 shares, representing 0.91% of the fund's net value, ranking as the ninth largest holding [2] - The Tianhong CSI 1000 Index Enhanced A Fund was established on January 4, 2022, with a current size of 347 million CNY, achieving a year-to-date return of 35.34% and a one-year return of 79.29%, ranking 1321 out of 4220 and 986 out of 3814 in its category, respectively [2] - The fund manager, Yang Chao, has been in the position for 10 years and 350 days, overseeing a total asset size of 5.991 billion CNY, with the best fund return during his tenure being 109.84% and the worst being -57.89% [3]

Core Insights - CloudWalk Technology's stock rose by 3.25% on September 22, with a trading volume of 784 million yuan [1] - The company recorded a net financing purchase of 19.99 million yuan on the same day, with a total financing balance of 970 million yuan, representing 6.65% of its market capitalization [1] Financing Overview - On September 22, CloudWalk Technology had a financing purchase of 111 million yuan and a financing repayment of 90.86 million yuan, resulting in a net financing inflow of 19.99 million yuan [1] - The total financing and securities lending balance reached 970 million yuan, exceeding the 80th percentile of the past year, indicating a high level of financing activity [1] Securities Lending Activity - On September 22, the company repaid 4,200 shares in securities lending and sold 5,589 shares, amounting to a selling value of 97,500 yuan [1] - The remaining securities lending volume was 129,400 shares, with a balance of 2.26 million yuan, which is above the 70th percentile of the past year, indicating a relatively high level of short selling [1] Company Profile - CloudWalk Technology, established on March 27, 2015, and listed on May 27, 2022, is based in Zhangjiang Artificial Intelligence Island, Shanghai [1] - The company specializes in providing efficient human-machine collaboration operating systems and industry solutions, focusing on promoting the industrialization of artificial intelligence and the intelligent transformation of various industries [1] - The revenue composition includes 75.55% from AI solutions, 24.19% from human-machine collaboration operating systems, and 0.25% from other sources [1] Shareholder Information - As of June 30, the number of shareholders for CloudWalk Technology was 52,200, a decrease of 11.08% from the previous period [2] - The average circulating shares per person increased by 24.37% to 15,965 shares [2] - For the first half of 2025, the company reported a revenue of 169 million yuan, a year-on-year increase of 40.21%, while the net profit attributable to the parent company was -230 million yuan, reflecting a year-on-year growth of 35.51% [2] Institutional Holdings - As of June 30, 2025, notable changes in institutional holdings included the exit of Bosera CSI Star Market 100 ETF and Southern CSI 1000 ETF from the top ten circulating shareholders [2]

Core Viewpoint - Huawei and CloudWalk Technology (688327) are collaborating to create a secure training environment for AI models, enhancing the development of AI agents through the establishment of the Wuhan National Cybersecurity Base Training and Promotion Integration Center, which is the first of its kind in China based on a trusted data space [1] Group 1 - CloudWalk Technology received the "Ascend Ecosystem Best Practice Partner" award at the 2025 Huawei Connect Conference [1] - The collaboration between Huawei and CloudWalk Technology began in 2019, focusing on the development of AI models during the early stages of the domestic AI large model industry [1] - CloudWalk Technology has developed a unique "hybrid cloud + hybrid model" architecture using Huawei's Ascend hardware and the MindSpore AI framework, which combines public and private clouds as well as open-source and closed-source models to meet data security requirements while providing efficient AI services [1] Group 2 - CloudWalk Technology is building an AI industry ecosystem through strategic investments in companies such as Yiswei Computing, Zhongshu Xinke, and Yuansheng Intelligent [2] - The ecosystem integrates Yiswei's computing chip capabilities, Zhongshu Xinke's AI agent technology, and Yuansheng Intelligent's terminal application solutions, complementing CloudWalk Technology's AI infrastructure and intelligent agent platform [2] - This collaborative effort is expanding the application boundaries of AI technology and fostering new innovative application scenarios [2]