Meeting Overview - The third meeting of the board of directors of Haimuxing Laser Technology Group Co., Ltd. was held on August 27, 2025, with all 9 directors present, meeting legal requirements for decision-making [1] Resolutions Passed - The board approved the 2025 semi-annual report and its summary, with a unanimous vote of 9 in favor [2] - The board approved the special report on the storage and actual use of raised funds for the first half of 2025, also with a unanimous vote of 9 in favor [2] - The board approved the use of up to RMB 150 million of temporarily idle raised funds for cash management, with a maximum investment period of 12 months in low-risk financial products, receiving unanimous approval [2][3] - The board approved the semi-annual evaluation report of the "Quality Improvement and Efficiency Enhancement" action plan for 2025, with a unanimous vote of 9 in favor [3] - The board approved financial assistance to the subsidiary Xingneng Maoye (Guangdong) Photovoltaic Technology Co., Ltd., ensuring it aligns with the company's strategic goals and does not adversely affect the company's financial status, with a vote of 7 in favor and 2 abstentions [3][4] - The board approved a share repurchase plan through centralized bidding on the Shanghai Stock Exchange, with a maximum repurchase price of RMB 46.70 per share and a total repurchase amount between RMB 18 million and RMB 36 million, receiving unanimous approval [5]

Meeting Overview - The third supervisory board meeting of Haimuxing Laser Technology Group Co., Ltd. was held on August 27, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1]. Resolutions Passed - The supervisory board approved the "2025 Half-Year Report" and its summary with a unanimous vote of 3 in favor [2]. - The board also approved the "Special Report on the Storage and Actual Use of Raised Funds for the First Half of 2025," again with a unanimous vote of 3 in favor [2]. - The board agreed to use up to RMB 150 million of idle raised funds for cash management, investing in low-risk financial products with a maximum investment period of 12 months, ensuring no harm to the company or minority shareholders [3]. - The board approved a financial assistance and related party transaction to the subsidiary Xingneng Maoye (Guangdong) Photovoltaic Technology Co., Ltd., confirming compliance with relevant regulations and no adverse impact on the company's operations [3].

Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total amount ranging from RMB 18 million to RMB 36 million, aimed at employee stock ownership plans or equity incentives [1][4][11]. Summary by Sections Repurchase Plan Overview - The repurchase amount is set between RMB 18 million and RMB 36 million [1][4]. - The funding sources for the repurchase will be the company's own funds and/or self-raised funds [1][7]. - The maximum repurchase price is capped at RMB 46.70 per share, which is 150% of the average trading price over the previous 30 trading days [1][7]. - The repurchase will be conducted via the Shanghai Stock Exchange trading system [1][5]. - The duration for the repurchase is 12 months from the board's approval date [1][3]. Purpose and Justification - The repurchase aims to enhance shareholder value, boost investor confidence, and align the interests of shareholders, the company, and employees [4][8][11]. - The shares repurchased will be used for employee stock ownership plans or equity incentives [4][5]. Implementation Details - The board approved the repurchase plan on August 27, 2025, with unanimous support [3]. - The repurchase will not affect the company's debt repayment ability or ongoing operations [8][12]. - If the repurchased shares are not utilized within three years, they will be canceled [5][12]. Shareholder Communication - As of the announcement date, there are no clear plans for share reduction from major shareholders, including directors and executives, in the next three to six months [1][10][11]. - The proposal was initiated by the company's actual controller and chairman, Zhao Shengyu, who expressed confidence in the company's future [11][12].

Core Viewpoint - The report details the fundraising activities and the actual usage of funds by Haimuxing Laser Technology Group Co., Ltd. for the first half of 2025, ensuring compliance with regulatory requirements and transparency in fund management. Fundraising Overview - In 2020, the company raised a total of RMB 728 million by issuing 50 million shares at RMB 14.56 per share, with a net amount of RMB 649.09 million after deducting fees [1]. - In 2024, the company raised RMB 1,019.6 million by issuing 40 million shares at RMB 25.49 per share, resulting in a net amount of RMB 1,010.52 million after fees [2]. Fund Management - The company has established a fundraising management system in accordance with relevant laws and regulations to enhance fund usage efficiency and protect investor rights [4]. - The company signed tripartite and quadripartite agreements with various banks to ensure proper management and supervision of the raised funds [5]. Fund Usage - As of June 30, 2025, the company had a total of RMB 588.59 million in unspent funds, with actual project investments amounting to RMB 656.54 million [2][6]. - The company approved the use of RMB 30 million of idle funds for temporary working capital, which has since been fully repaid [7][11]. - The company also engaged in cash management with idle funds, achieving good investment returns [12]. Project Status - The company has completed the "Haimuxing Laser Intelligent Manufacturing Center Project" and has decided to conclude it, while extending the timeline for the "Western Laser Intelligent Equipment Manufacturing Base Project (Phase I)" to May 2026 [8][14]. - The company has not experienced any significant changes in the feasibility of its fundraising projects during the reporting period [8]. Financial Summary - The total amount of funds raised in 2020 was RMB 649.09 million, with a cumulative investment of RMB 656.54 million by the end of the reporting period [2][10]. - The company reported a difference of RMB 367.31 million in the usage of funds, primarily due to self-funded expenses related to the issuance [3].

Group 1 - The company, Hymson Laser Technology Group Co., Ltd., will hold a half-year performance briefing on September 16, 2025, from 16:00 to 17:00 [1][2] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][3] - Key personnel attending the meeting include the Chairman and General Manager, Mr. Zhao Shengyu, and other executives [2] Group 2 - Investors can submit questions for the briefing from September 9 to September 15, 2025, through the Roadshow Center website or via the company's email [3] - After the briefing, investors can access the meeting's main content and outcomes on the Roadshow Center [3]

证券代码：688559 证券简称：海目星 公告编号：2025-041 海目星激光科技集团股份有限公司 关于董事离任暨选举职工代表董事的公告 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、准确性和完整性承担法律责任。 重要内容提示： 海目星激光科技集团股份有限公司（以下简称"公司"）董事会于近日收到 非独立董事陆明先生的辞职申请，陆明先生因内部工作调整原因向公司申请辞去 第三届董事会非独立董事职务，根据《中华人民共和国公司法》和《公司章程》 的有关规定，其辞职报告自其书面辞职报告正式送达公司董事会之日起生效。 司第三届董事会职工代表董事，任期自本次职工代表大会审议通过之日起至公司 第三届董事会任期届满之日止。 一、董事离任情况 是否存在 是否继续在上 原定任期 未履行完 姓名 离任职务 离任时间 离任原因 市公司及其控 具体职务 到期日 毕的公开 股子公司任职 特此公告。 海目星激光科技集团股份有限公司 董事会 二零二五年八月二十八日 陆明先生辞职不会导致公司董事会成员低于法定人数，不会影响公司董事会 的正常运行，亦不会对公司的日常生产经营产生不利影响。 ...

Summary of Key Points Core Viewpoint - The company, HaiMuxing Laser Technology Group Co., Ltd., has announced a provision for impairment losses amounting to 43,395.16 million yuan for the first half of 2025, reflecting a cautious approach to accurately represent its financial status and operational results [1][2]. Group 1: Impairment Provision Overview - The company has assessed and analyzed its assets that may require impairment provisions in accordance with relevant laws and regulations, resulting in a total impairment provision of 43,395.16 million yuan for the first half of 2025 [1]. - The breakdown of the impairment provision includes 4,297.96 million yuan for credit impairment losses and 39,097.20 million yuan for asset impairment losses [1][2]. Group 2: Credit Impairment Losses - The company conducted impairment testing based on expected credit losses and individual identification methods for accounts receivable, other receivables, and notes receivable, leading to a credit impairment loss of 4,297.96 million yuan for the first half of 2025 [1][2]. Group 3: Asset Impairment Losses - The company evaluated long-term assets, including equity investments, fixed assets, construction in progress, and intangible assets, for impairment signs, resulting in a total asset impairment loss of 39,097.20 million yuan [2]. - The company also assessed inventory and contract assets for impairment, confirming the necessity of the provisions [2]. Group 4: Impact on Financial Results - The total impairment losses will reduce the company's profit before tax by 43,395.16 million yuan for the first half of 2025, aligning with the principles of prudence and reasonableness [2]. - The provision is consistent with the company's accounting policies and does not adversely affect the company's operations or shareholder interests [2]. Group 5: Audit Committee's Approval - The company's audit committee has unanimously agreed that the impairment provisions are reasonable and comply with accounting standards, ensuring that the financial statements reflect a true and fair view of the company's financial condition [2].

Core Viewpoint - The company plans to provide financial assistance of up to RMB 80 million to its subsidiary, Xingneng Maoye, to support its business development needs, with a repayment period of 36 months [1][7]. Summary by Sections Financial Assistance Overview - The financial assistance will be provided to Xingneng Maoye, a subsidiary of the company, to support its development without affecting the company's normal operations [1][7]. - The interest rate for the financial assistance will be based on the one-year Loan Prime Rate (LPR) and the company's actual bank borrowing rate [1][4]. Related Transactions - This transaction constitutes a related party transaction as it involves providing financial assistance exceeding the equity proportion held by the related parties [2][3]. - The transaction does not meet the criteria for a major asset restructuring as defined by relevant regulations [2][3]. Company and Subsidiary Relationship - The company holds a 64.2% stake in Xingneng Maoye, making it the controlling shareholder [2][4]. - Key executives of the company, including the chairman and vice president, hold shares in Xingneng Maoye, but they did not proportionally contribute to the financial assistance [2][3]. Financial Status of Xingneng Maoye - As of the latest financial data, Xingneng Maoye reported total assets of RMB 1,476.62 million and total liabilities of RMB 564.90 million [5]. - The company incurred a net loss of RMB 1,097.09 million for the fiscal year 2024 [5]. Approval Process - The financial assistance proposal was approved by the independent directors, the board of directors, and the supervisory board, with related directors abstaining from voting [8][9]. - The independent directors confirmed that the financial assistance aligns with the company's strategic goals and will not adversely affect its operations [8][9].

Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance fund efficiency and returns for the company and its shareholders [1][3][6]. Summary by Sections 1. Basic Situation of Raised Funds - The company raised a total of RMB 1,019.6 million by issuing 40 million shares, with a net amount of RMB 1,010.5 million after deducting issuance costs [1][2]. 2. Investment Projects of Raised Funds - The company has allocated RMB 1,010.5 million for investment projects, including RMB 1,010.5 million for the Western Laser Intelligent Equipment Manufacturing Base Project (Phase I) [2]. 3. Cash Management of Idle Funds - The company intends to use up to RMB 150 million of idle raised funds for cash management, allowing for rolling use within this limit [3][4]. - The investment period for this cash management is valid for one year from the board's approval date [4]. 4. Types of Investments - The company plans to invest in low-risk financial products with high safety and liquidity, such as fixed deposits and structured deposits, ensuring these funds are not used for securities investment [4][5]. 5. Implementation and Disclosure - The company’s chairman is authorized to make investment decisions and sign relevant documents, with the finance department responsible for implementation [4][5]. - The company will comply with disclosure requirements as per regulations to ensure transparency [4][5]. 6. Impact on Daily Operations - The cash management plan will not affect the normal operation of the company or the execution of investment projects, while also providing potential returns for shareholders [5][6]. 7. Opinions from Supervisory Board and Sponsor - The supervisory board supports the cash management plan, stating it will enhance fund efficiency without harming the interests of the company or minority shareholders [6][7]. - The sponsor, CITIC Securities, confirms that the plan complies with relevant regulations and will not alter the intended use of raised funds [7].

Core Viewpoint - The company, HaiMuxing Laser Technology Group Co., Ltd., is committed to enhancing operational quality and returning value to shareholders through its "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for 2025, focusing on innovation and market leadership in laser and automation technology [1][9]. Group 1: Business Development and Innovation - The company specializes in high-end non-standard intelligent equipment, aiming to become a global leader in laser and automation technology innovation, with a focus on lithium batteries, consumer electronics, and photovoltaic sectors [1]. - The company has developed solid-state battery equipment, becoming the first in the industry to pursue both "oxide + lithium metal anode" and "sulfide + silicon-carbon anode" technology routes [1][2]. - In the liquid lithium battery manufacturing sector, the company has made breakthroughs in laser surface treatment, drying, and roller cleaning technologies, significantly improving battery performance and reducing energy consumption [2]. - The company has achieved a 130% increase in output and a 75% reduction in labor demand through the development of an automated insulin pump production line in the medical device sector [3]. - The company has introduced the industry-first TOPCon laser thinning equipment, enhancing solar cell efficiency and securing bulk orders from clients [3]. Group 2: R&D and Technological Advancements - The company has maintained high levels of R&D investment, with 188 new patents granted in the first half of 2025, bringing the total to 1,102 patents [5]. - The company has made significant advancements in traditional laser equipment, with a 174.7% increase in orders for its high-speed laser cutting machines in the sheet metal sector [4]. - The company has collaborated with Fuzhou University to develop the first domestic wafer-level non-contact electroluminescence detection prototype, addressing key challenges in Micro LED detection technology [5]. Group 3: Corporate Governance and Investor Relations - The company is restructuring its governance by preparing to abolish the supervisory board and enhancing the roles of independent directors to improve decision-making capabilities [6]. - The company emphasizes compliance and responsibility among its key personnel, implementing regular training to enhance awareness and capabilities [6]. - The company has outlined a profit distribution plan for 2024, which includes no cash dividends or stock bonuses, focusing on long-term sustainable value for shareholders [7]. - The company has conducted various investor engagement activities, including performance briefings and investor roadshows, to strengthen communication and enhance market perception [8].