Group 1 - Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. and Wuhan Changying Tongguang Technology Co., Ltd. have received shareholder approval for their asset purchase proposals, marking a significant step in their merger and acquisition processes [1] - Since the release of the "Eight Measures for Deepening the Reform of the Sci-Tech Innovation Board," the number of M&A transactions on the Sci-Tech Innovation Board has reached 100, indicating increased market activity and supporting high-quality development for listed companies [1] - The total disclosed transaction amount for these 100 M&A deals exceeds 24.7 billion yuan, with 39 new M&A transactions disclosed this year alone [1] Group 2 - Companies are utilizing various funding methods such as private placements, directed convertible bonds, and bank loans to enhance capital efficiency for acquisitions [2] - The 100 M&A transactions are primarily industrial mergers, focusing on companies within the same industry or related upstream and downstream sectors, which helps enhance product offerings and expand customer bases [2] - For instance, Xidi Microelectronics Group plans to acquire 100% of Shenzhen Chengxin Micro Technology Co., Ltd. to fill technology gaps in the AC-DC chip sector [2] Group 3 - Sci-Tech Innovation Board companies are also acquiring overseas mature enterprises to enhance international presence, with 15 overseas acquisition deals disclosed since the "Eight Measures" [3] - Acquisitions of unprofitable companies are aimed at strengthening supply chains, with 27 such deals reported since the "Eight Measures," including Shanghai Silicon Industry Group's acquisition of stakes in its subsidiaries to control the 300mm silicon wafer supply chain [3]

上海市方达律师事务所 关于上海晶丰明源半导体股份有限公司 本次交易相关内幕信息知情人买卖股票情况 自查报告的核查意见 2025 年 5 月 FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 上海市方达律师事务所 关于上海晶丰明源半导体股份有限公司 本次交易相关内幕信息知情人买卖股票情况 自查报告的核查意见 致：上海晶丰明源半导体股份有限公司 上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国境内法 律执业资格的律师事务所，本所受上海晶丰明源半导体股份有限公司（以下简称 "上市公司"或"晶丰明源"）的委托，担任晶丰明源以发行股份及支付现金的 方式购买四 ...

华泰联合证券有限责任公司 关于上海晶丰明源半导体股份有限公司本次交易 相关内幕信息知情人买卖股票情况的自查报告的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"本独立财务顾 问"）作为上海晶丰明源半导体股份有限公司（以下简称"晶丰明源"、"上市 公司"、"公司"）本次发行股份及支付现金购买资产并募集配套资金（以下简 称"本次交易"）的独立财务顾问，根据《中华人民共和国证券法》《上市公司 重大资产重组管理办法》《上市公司监管指引第 7 号——上市公司重大资产重组 相关股票异常交易监管》《公开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》《监管规则适用指引——上市类第 1 号》等法律、 法规的要求，对本次交易相关内幕信息知情人买卖股票情况进行了核查，具体如 下： 一、本次交易的内幕信息知情人买卖上市公司股票的自查期间 本次交易的内幕信息知情人买卖上市公司股票的自查期间为：晶丰明源为本 次交易申请股票停牌前 6 个月起至本次交易重组报告书披露之前一日止（即 2024 年 4 月 22 日至 2025 年 4 月 23 日）。 二、本次交易的内幕信息知情人核查范围 本次交易 ...

（二）上市公司控股股东、实际控制人； （三）交易对方及其主要负责人及有关知情人员； （四）标的公司及其董事、监事、高级管理人员（或主要负责人）及其他 有关知情人员； 证券代码：688368 证券简称：晶丰明源 公告编号：2025-029 上海晶丰明源半导体股份有限公司 关于重大资产重组交易相关内幕信息知情人买卖公 司股票情况自查报告的公告 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。 上海晶丰明源半导体股份有限公司（以下简称"公司"或"上市公司"）拟 通过发行股份及支付现金方式购买四川易冲科技有限公司（以下简称"四川易 冲"或"标的公司"）100%股权，同时募集配套资金（以下简称"本次交 易"）。 根据《上市公司重大资产重组管理办法》《公开发行证券的公司信息披露 内容与格式准则第 26 号——上市公司重大资产重组》《上市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》等法律、法规及规范性文件的 有关规定，公司对本次交易相关的内幕信息知情人买卖公司股票情况进行了自 查，具体情况如下： 一、本次交易内幕信息知情 ...

证券代码：688368 证券简称：晶丰明源 公告编号：2025-030 上海晶丰明源半导体股份有限公司 2025年第一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 05 月 09 日 （二） 股东大会召开的地点：中国（上海）自由贸易试验区申江路 5005 弄 3 号 9 层上海晶丰明源半导体股份有限公司第一会议室 （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 | 59 | | --- | --- | | 普通股股东人数 | 59 | | 2、出席会议的股东所持有的表决权数量 | 61,923,450 | | 普通股股东所持有表决权数量 | 61,923,450 | | 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 | 71.2477 | | 例（%） | | | 普通股股东所持有表决权数量占 ...

晶丰明源 2025 年第一次临时股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 2025 年第一次临时股东大会 法律意见书 致：上海晶丰明源半导体股份有限公司 关 于 上海晶丰明源半导体股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受上海晶丰明源半导体股 份有限公司（以下简称"公司"）委托，指派律师现场见证公司 2025 年第一次 临时股东大会（以下简称"本次股东大会"），并依据《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》"）等法律、行政法规、规范性文件及现行有效的《上海晶丰明源半导体股 份有限公司章程》（以下简称"《公司章程》"）、《上海晶丰明源半导体股份 有限公司股东大会议事规则》（以下简称"《股东大会议事规则》"）的规定， 就本次股东大会的召集、召开程序、出席会议人员资格、召集人资格、会议的表 决程序、表决结果等事宜出具法律意见书。 为出具本法律意见书，本所律师列席了公司本次股东大会，审查了公司提供 的本次股东大会有关文件的原件及复印件，包括但不限于公司召开本次股东大会 的各项议程及相关决议等文件，同时听取了公司就 ...

Group 1: Jingfeng Mingyuan - In Q1 2025, Jingfeng Mingyuan achieved revenue of 327 million, a year-on-year increase of 2.48%, driven by growth in C/DC chips for small and large home appliances [1] - Gross profit margin improved by 6.40 percentage points due to product structure optimization, with a decrease in the proportion of low-margin general lighting driver chips [1] - The company's asset-liability ratio decreased to 34.60%, while net cash flow from operating activities was -4 million, a year-on-year decline of 105.44% [1] - Revenue from LED lighting driver chips fell nearly 20% due to seasonal fluctuations [1] - The company has fully mass-produced its high-performance computing power supply chip product line, with some clients achieving breakthroughs [1] - The acquisition of Yichong enhances market competitiveness, and after a major asset restructuring, total shares increased to 128,178,856, with the controlling shareholder remaining unchanged [1] Group 2: Nanchip Technology - Nanchip Technology's automotive business is expected to grow by 179% in 2024, accounting for over 3% of revenue, with continued rapid growth anticipated in 2025 [2] - The company has a research and development expense ratio of 17.01%, expected to remain similar in 2025; the acquisition of Shengsheng Micro will empower its business and supply chain [2] - Products in the industrial sector are applied in energy storage, drones, and battery systems, with multiple new products set to launch in 2024, and future expansion into IPower, industrial automation, and robotics [2] - The wired charging business maintains a leading position, with technological trends moving towards integration and systemization, expecting significant breakthroughs in 2024 and even more notable market achievements in 2025 [2] - The company has rationally allocated production capacity to match business order demands, with stable prices for wafer procurement and packaging testing [2] - Nanchip launched the automotive-grade high-speed CN/CNFD transceiver product SC25042Q, with plans to introduce more power supply and driver products in the future [2] - The company is pursuing a dual strategy to expand sales channels by targeting both large clients and distributors [2] - Following the acquisition of Shengsheng Micro, the company paid transaction fees in Q1, resulting in 700 million goodwill [2] Group 3: Company Overview - Shanghai Mingcun Investment Management Co., Ltd. was established in 2014 with a registered capital of 10 million, focusing on quantitative investment [3] - The company utilizes strong data mining, statistical analysis, and software development capabilities to build a programmatic trading system and asset management platform [3] - Mingcun Investment has a diverse strategy development team and a robust strategy library, covering various investment strategies including quantitative stock selection, CTA, and arbitrage [3] - The firm has a deep understanding of the financial securities market, with a team experienced in domestic and international asset management and quantitative fund investment [3] - Mingcun Investment aims to explore and research quantitative investment strategies suitable for the characteristics of the Chinese capital market, incorporating global best practices [3]

Group 1 - The core viewpoint of the news is the disclosure of institutional and public fund holdings in Jingfeng Mingyuan (688368.SH) as of April 30, 2025, indicating significant institutional interest in the company [1] - A total of 15 institutional investors hold shares in Jingfeng Mingyuan, with a combined holding of 22.396 million shares, representing 25.50% of the total share capital [1] - The top ten institutional investors account for 25.42% of the total shares, showing a slight decrease of 0.10 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five funds increased their holdings, with a total increase of 0.77%, while one fund, 嘉实文体娱乐股票A, decreased its holdings by 0.44% [2] - Two new public funds disclosed their holdings in Jingfeng Mingyuan, while 120 funds that previously held shares did not disclose their holdings this quarter [2] - One new social security fund, 全国社保基金四零六组合, has disclosed its holdings in Jingfeng Mingyuan [2]

Financial Performance - The company achieved operating revenue of CNY 326.57 million, a year-on-year increase of 2.48%[5] - The net profit attributable to shareholders was CNY -6.68 million, a year-on-year improvement of 77.28%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -9.63 million, a year-on-year improvement of 68.32%[5] - Total revenue for Q1 2025 was CNY 326,574,039.81, an increase from CNY 318,671,912.60 in Q1 2024, representing a growth of approximately 0.28%[22] - Operating profit for Q1 2025 was reported at CNY -4,383,587.51, an improvement compared to CNY -25,119,570.51 in Q1 2024[23] - Net profit for Q1 2025 was CNY -2,790,522.84, significantly better than CNY -24,818,519.97 in Q1 2024, indicating a reduction in losses[24] - The company reported a basic and diluted earnings per share of CNY -0.08 for Q1 2025, an improvement from CNY -0.47 in Q1 2024[24] - The company’s total assets decreased from CNY 2,147,443,356.56 to CNY 1,993,219,340.76, a decline of approximately 7.19%[20] - Shareholders' equity decreased from CNY 1,317,101,958.68 to CNY 1,303,653,840.29, a slight decline of approximately 1.02%[20] Cash Flow - The net cash flow from operating activities was CNY -3.90 million, a year-on-year decrease of 105.44%[6] - In Q1 2025, the company reported cash inflows from operating activities of CNY 328,499,083.05, a decrease of 4.0% compared to CNY 343,683,070.49 in Q1 2024[26] - The net cash outflow from operating activities was CNY -3,895,414.78, contrasting with a net inflow of CNY 71,588,510.41 in the same period last year[26] - Cash inflows from investment activities totaled CNY 29,401,004.18, down 49.6% from CNY 58,415,099.35 in Q1 2024[27] - The net cash flow from investment activities was CNY 23,959,407.20, slightly up from CNY 23,629,599.35 year-over-year[27] - Cash inflows from financing activities increased significantly to CNY 83,260,721.56, compared to CNY 25,000,000.00 in Q1 2024, marking a 233.0% increase[27] - The net cash outflow from financing activities was CNY -51,461,940.10, an improvement from CNY -116,201,888.33 in the previous year[27] Assets and Liabilities - The company's total assets as of March 31, 2025, were CNY 1.99 billion, a decrease of 7.18% from the end of 2024[5] - Total current assets as of March 31, 2025, amount to ¥989,267,699.67, a decrease from ¥1,100,285,746.60 at the end of 2024[18] - Total liabilities decreased from CNY 830,341,397.88 to CNY 689,565,500.47, a reduction of about 16.93%[20] - Current liabilities decreased to CNY 778,732,722.98 from CNY 879,431,494.47 at the end of 2024, reflecting a reduction of 11.4%[31] - The company's total equity as of March 31, 2025, was CNY 1,600,745,187.34, down from CNY 1,624,602,234.78 at the end of 2024[31] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,134[13] - The largest shareholder, Hu Liqiang, holds 24.40% of shares with 21,428,995 shares[15] - The second largest shareholder, Xia Feng, holds 22.35% of shares with 19,630,184 shares[15] - There are no significant changes in the top 10 shareholders due to securities lending or borrowing[16] Research and Development - R&D expenses totaled CNY 81.28 million, accounting for 24.89% of operating revenue, a decrease of 3.87 percentage points year-on-year[9] - Research and development expenses for Q1 2025 were CNY 81,275,796.44, down from CNY 91,660,255.65 in Q1 2024, a decrease of approximately 11.36%[23] - Research and development expenses increased to ¥59.46 million in Q1 2025, up from ¥55.21 million in Q1 2024, reflecting a focus on innovation[32] Other Financial Metrics - The overall gross margin for the reporting period was 40.10%, an increase of 6.40 percentage points year-on-year[5] - The weighted average return on net assets increased by 1.64 percentage points compared to the previous year[5] - The company experienced a significant increase in cash payments to employees due to the addition of overseas staff[6] - Other income for Q1 2025 was CNY 3,480,356.10, compared to CNY 4,360,515.01 in Q1 2024, reflecting a decline of about 20.11%[23] - The company experienced a significant increase in financial expenses, with interest expenses at ¥3.63 million in Q1 2025, down from ¥5.49 million in Q1 2024[32]

上海晶丰明源半导体股份有限公司 2025 年第一次临时股东大会 公司代码：688368 公司简称：晶丰明源 上海晶丰明源半导体股份有限公司 2025 年第一次临时股东大会会议资料 2025 年 5 月 1 上海晶丰明源半导体股份有限公司 2025 年第一次临时股东大会 | | | | 上海晶丰明源半导体股份有限公司 2025 年第一次临时股东大会会议须知 4 | | | --- | --- | | 上海晶丰明源半导体股份有限公司 2025 年第一次临时股东大会会议议程 6 | | | 上海晶丰明源半导体股份有限公司 2025 年第一次临时股东大会会议议案： | | | 议案一：关于公司本次发行股份及支付现金购买资产并募集配套资金符合相关法律法规的议 | | | 案 | 9 | | 议案二：关于公司本次发行股份及支付现金购买资产并募集配套资金方案的议案 | 10 | | 议案三：关于公司本次发行股份及支付现金购买资产并募集配套资金报告书（草案）及其摘 | | | 要的议案 | 30 | | 议案四：关于公司本次交易不构成关联交易的议案 | 31 | | 议案五：关于公司本次交易构成重大资产重组但不构成重组上市的 ...