Group 1 - The company has already achieved partial mass production of certain chips [1] - The company plans to gradually increase production volume in the coming years [1]

Group 1 - The core point of the article is that Ankai Micro announced the approval of a cash acquisition of 85.79% equity in Siche Technology during its third extraordinary shareholders' meeting in 2025 [1] Group 2 - The acquisition is significant as it reflects Ankai Micro's strategic move to expand its portfolio and strengthen its market position [1] - The decision was made during a formal shareholders' meeting, indicating a structured approach to corporate governance and investment decisions [1] - This acquisition could potentially lead to enhanced operational capabilities and innovation within Ankai Micro, aligning with industry trends towards consolidation and technological advancement [1]

Meeting Overview - The third extraordinary general meeting of shareholders was held on December 22, 2025, at the company's headquarters in Guangzhou [2] - A total of 141,693,107 shares were represented at the meeting, accounting for 36.52% of the total voting shares after excluding shares in the company's repurchase account [2] Attendance and Voting - The meeting was chaired by the company's chairman, Norman Shengfa Hu, and included 7 directors present, with some attending via video [3] - The voting method combined on-site and online voting, complying with relevant laws and regulations [2][3] Resolutions - A key resolution regarding the cash acquisition of 85.79% equity in Sice Technology was approved by more than half of the voting rights present at the meeting [4][5] - The resolution was categorized as an ordinary resolution [5] Legal Verification - The meeting was witnessed by Beijing Zhonglun (Guangzhou) Law Firm, confirming that the meeting's procedures and voting were in accordance with legal requirements [6]

证券代码：688620 证券简称：安凯微 公告编号：2025-068 广州安凯微电子股份有限公司 本次会议是否有被否决议案：无 一、 会议召开和出席情况 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） 股东会召开的时间：2025 年 12 月 22 日 （二） 股东会召开的地点：广州市黄埔区博文路 107 号广州安凯微电子股份有 限公司一楼会议室 （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 | 226 | | --- | --- | | 普通股股东人数 | 226 | | 2、出席会议的股东所持有的表决权数量 | 141,693,107 | | 普通股股东所持有表决权数量 | 141,693,107 | | 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 | 36.52 | | 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（%） | 36.52 | 注：代表公司有表决权的股份总数 ...

关于广州安凯微电子股份有限公司 · 2025年第三次临时股东会的法律意见书 致:广州安凯微电子股份有限公司 北京市中伦(广州)律师事务所 北京市中伦(广州)律师事务所(以下简称"本所")受广州安凯微电子股 份有限公司(以下简称"公司")委托,指派本所律叶可安、谢兵(以下简称"本 所律师")出席公司 2025年第三次临时股东会(以下简称"本次股东会"）。 本所律师根据《中华人民共和国公司法》(以下简称"《公司法》")、《上市 公司股东会规则》等有关法律、法规、规范性文件及《广州安凯微电子股份有限 公司章程》(以下简称"《公司章程》")的规定,对公司本次股东会进行见证 并出具法律意见。 本所及本所律师依据《中华人民共和国证券法》(以下简称"《证券法》")、 《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规 则(试行)》等规定及本法律意见书出具日以前已经发生或者存在的事实,严格 履行了法定职责,遵循了勤勉尽责和诚实信用原则,进行了充分的核查验证,保 证本法律意见所认定的事实真实、准确、完整,所发表的结论性意见合法、准确, 不存在虚假记载、误导性陈述或者重大遗漏,并承担相应法律责任。 为出具本法 ...

Core Viewpoint - Ankai Micro is acquiring 85.79% of Siche Technology for 326 million yuan despite Siche's ongoing losses, while several prominent investment firms exit the deal [1][7]. Group 1: Acquisition Details - Ankai Micro announced the acquisition of Siche Technology for 326 million yuan, with Siche's total equity valued at 385 million yuan, resulting in an impressive equity appreciation rate of 714.53% [2][8]. - Siche Technology, founded in 2019, focuses on high-performance, ultra-low-power IoT chip design, with applications in smart wearables, health devices, and smart home scenarios [3][10]. - The valuation method used for Siche Technology was the market approach, deemed suitable for asset-light, high R&D investment chip design firms [3][10]. Group 2: Financial Implications - The acquisition places significant financial pressure on Ankai Micro, which had only about 310 million yuan in available funds as of September 2025, insufficient to cover the acquisition cost, while short-term liabilities reached 146 million yuan [4][11]. - Ankai Micro reported a negative operating cash flow of 56.86 million yuan for the first nine months of 2025, indicating insufficient cash generation from core operations [5][12]. - Since its listing on the Sci-Tech Innovation Board in June 2023, Ankai Micro's performance has been disappointing, with a net profit loss of 56.77 million yuan in 2024 and a projected revenue target of 700 million yuan for 2025, significantly exceeding current performance levels [5][12].

Core Viewpoint - Ankai Micro announced the acquisition of 85.79% of Sichao Technology for 325.99 million yuan, marking a strategic move to enhance collaboration in technology, customer base, and supply chain within the IoT chip sector [1][5]. Summary by Sections Acquisition Details - The acquisition consists of two parts: Ankai Micro will pay 22 million yuan for 36% of Sichao Technology from its founding team and 303.99 million yuan for 49.79% from 17 investors, making Sichao a subsidiary [5]. - The deal has been approved by Ankai Micro's board and will be submitted for shareholder vote in 2025, not classified as a related party transaction or major asset restructuring [5]. Company Profiles - Ankai Micro, established in 2001, specializes in IoT SoC chips for smart home and security applications, serving major clients like ROKU and TP-LINK [5]. - Sichao Technology, founded in 2019, focuses on ultra-low power IoT chips, with products in data collection and edge AI inference, already integrated into supply chains of brands like Xiaomi and Honor [6]. Strategic Synergies - The transaction highlights technological complementarity, with Ankai Micro planning to integrate Sichao's low-power and power management technologies to enhance product performance [7]. - Ankai Micro's existing customer base in smart home and security can leverage Sichao's strengths in consumer electronics, creating a synergistic market effect [7]. - Sichao's procurement costs will be optimized through Ankai Micro's centralized purchasing platform, enhancing cost efficiency [7]. Financial Considerations - The merger will create goodwill on the balance sheet, with potential impairment risks if Sichao's performance does not meet expectations [8]. - Ankai Micro reported a negative operating cash flow of 56.86 million yuan for the first three quarters of 2025, with plans to finance the acquisition through a mix of self-funding and long-term loans [8]. - Sichao Technology is projected to generate 62.04 million yuan in revenue and a net loss of 48.64 million yuan in 2024, indicating a need for time to validate its growth potential [8]. Industry Context - The acquisition aligns with the trend of resource integration through mergers in the semiconductor industry, particularly in the context of deepening integration between IoT and AI technologies [8].

（一） 股东会召开的时间：2025 年 12 月 5 日 （二） 股东会召开的地点：广州市黄埔区博文路 107 号广州安凯微电子股份有 限公司一楼会议室 证券代码：688620 证券简称：安凯微 公告编号：2025-067 广州安凯微电子股份有限公司 2025年第二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 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 （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 | 166 | | --- | --- | | 普通股股东人数 | 166 | | 2、出席会议的股东所持有的表决权数量 | 141,073,320 | | 普通股股东所持有表决权数量 | 141,073,320 | | 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 | 36.36 | | 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（%） | 36.36 ...

北京市中伦(广州)律师事务所 关于广州安凯微电子股份有限公司 2025 年第二次临时股东会的法律意见书 致:广州安凯微电子股份有限公司 北京市中伦(广州)律师事务所(以下简称"本所")受广州安凯微电子股份 有限公司(以下简称"公司")委托,指派本所律师邵芳、叶可安(以下简称"本 所律师")出席公司 2025年第二次临时股东会(以下简称"本次股东会")。本所 律师根据《中华人民共和国公司法》(以下简称"《公司法》")、《上市公司股 东会规则》等有关法律、法规、规范性文件及《广州安凯微电子股份有限公司章 程》(以下简称"《公司章程》")的规定,对公司本次股东会进行见证并出具法 律意见。 本所及本所律师依据《中华人民共和国证券法》(以下简称"《证券法》")、 《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规 则(试行)》等规定及本法律意见书出具日以前已经发生或者存在的事实,严格 履行了法定职责,遵循了勤勉尽责和诚实信用原则,进行了充分的核查验证,保 证本法律意见所认定的事实真实、准确、完整,所发表的结论性意见合法、准确, 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 为出具本法 ...

Core Viewpoint - The acquisition of 85.79% of Sichao Technology by Ankai Micro for 326 million yuan aims to enhance Ankai Micro's product chain and create new profit growth points, despite Sichao Technology's current unprofitability and significant valuation drop from previous funding rounds [2][7]. Group 1: Acquisition Details - Ankai Micro plans to acquire Sichao Technology for 326 million yuan, which will make Sichao a subsidiary [2]. - Sichao Technology specializes in low-power IoT chip design, with applications in smart wearables, smart homes, and industrial instruments [3][4]. - The valuation of Sichao Technology has decreased over 66% from its last two funding rounds, where it was valued at 1.12 billion yuan and 1.166 billion yuan [7]. Group 2: Financial Performance - Sichao Technology reported cumulative losses of approximately 67.15 million yuan over 19 months, with revenues of 62.04 million yuan and 43.82 million yuan for 2024 and the first seven months of 2025, respectively [5]. - Ankai Micro has also been operating at a loss, with a net profit loss of 82.24 million yuan in the first three quarters of 2025, a 267.46% year-on-year decline [11]. - Ankai Micro's cash flow from operating activities has been negative, totaling -59.99 million yuan and -56.86 million yuan for 2024 and the first three quarters of 2025, respectively [12]. Group 3: Strategic Implications - The acquisition is seen as a strategic move for Ankai Micro to expand its product line and improve R&D efficiency by integrating Sichao's technology and expertise [9]. - Ankai Micro expects to benefit from cost reductions through centralized procurement and supply chain optimization post-acquisition [9]. - The acquisition may lead to increased financial pressure on Ankai Micro, as it will need to secure long-term loans to finance the deal [10][14].