2025 年第三次临时股东会的 法律意见书 【2025】中伦成律（见）字第 136223-0006-091801 号 致：成都智明达电子股份有限公司 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》"）、中国证券监督管理委员会《上市公司股东会 规则》（以下简称"《股东会规则》"）及《上海证券交易所科创板上市公司自律监 管指引第 1 号——规范运作》等法律、行政法规和规范性文件及《成都智明达电 子股份有限公司章程》（以下简称"公司章程"）的规定，北京中伦（成都）律师 事务所（以下简称"中伦"或"本所"）接受成都智明达电子股份有限公司（以 下简称"公司"）的委托，指派律师出席了公司 2025 年第三次临时股东会（以下 简称"本次股东会"），并对本次股东会的相关事项进行见证，依法出具本法律意 见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1．公司章程； 北京中伦（成都）律师事务所 关于成都智明达电子股份有限公司 法律意见书 2．公司第三届董事会第二十九次会议决议公告； 3．公司关于召开 2025 年第三次临时股东会的通知公告； ...

Core Insights - The company reported significant growth in revenue and profit for the first half of 2025, with a revenue increase of 84.83% year-on-year and a net profit increase of 2147.93% [1] - The gross profit margin decreased by 1.88 percentage points to 48.12%, while the net profit margin increased by 11.92 percentage points to 12.99% [2] - The company’s operating expenses decreased, with a total of 85.84 million yuan, reflecting a reduction in the expense ratio by 25.99 percentage points [2] Financial Performance - Revenue for the first half of 2025 reached 294.76 million yuan, compared to 159.47 million yuan in the same period last year [1] - Net profit attributable to shareholders was 38.30 million yuan, up from 1.70 million yuan year-on-year [1] - The basic earnings per share for the period was 0.23 yuan [1] Expense Analysis - Total operating expenses were 85.84 million yuan, a decrease of 2.04 million yuan from the previous year [2] - Selling expenses decreased by 10.07%, while management expenses increased by 22.48% [2] - Research and development expenses decreased by 8.96%, and financial expenses decreased by 20.10% [2] Leadership Compensation - The co-chairman of the company, Jiang Hu, received a salary of 1.844 million yuan in 2024, a slight increase from 1.843 million yuan the previous year [4] - Jiang Hu has held various positions within the company since 2005, including roles as hardware engineer, R&D manager, and general manager [4] Company Overview - Chengdu Zhimin Da Electronics Co., Ltd. specializes in providing customized embedded computer modules and solutions for military clients [4] - The company was established on March 28, 2002, and went public on April 8, 2021 [4]

Summary of Zhimingda Conference Call Company Overview - **Company Name**: Zhimingda - **Industry**: Military Embedded Computing - **Headquarters**: Chengdu, Sichuan Province, China - **Established**: 2022 Financial Performance - **2024 Revenue**: 438 million CNY, a decrease of 33.95% year-on-year [2][4] - **2025 H1 Revenue**: 295 million CNY, an increase of 84.83% year-on-year [2][4] - **Core Business**: Airborne business accounts for over 60% of revenue in both 2024 and 2025 H1 [2][5] - **Order Backlog**: As of mid-2025, the order backlog reached 608 million CNY, a year-on-year increase of 73.71% [2][6] Market Dynamics - **Military Embedded Computer Market**: Rapidly developing, with a strong demand for upgrades in China's military aircraft [2][7] - **Comparison with US**: China has approximately 3,300 active military aircraft, significantly lower than the US's 13,000 [7] - **Cost Structure**: The avionics system cost has increased, representing 30%-40% of advanced fighter aircraft costs, expanding the market for embedded computing [7][8] Business Segments - **Airborne Business**: Remains the core revenue source, with significant contributions from unmanned systems and commercial aerospace [2][4][5] - **Missile Guidance Systems**: Increased demand for precision-guided weapons is driving growth in the missile-borne embedded computing market [2][9] - **Satellite Sector**: The number of commercial satellite launches has reached new highs, increasing demand for onboard computers [2][10] Competitive Landscape - **Main Competitors**: Military research institutes and a few qualified enterprises [12] - **Competitive Advantages**: - Flexible production mechanisms and effective incentive measures [12] - Strong historical collaboration with clients, leading to high customer retention [12] Emerging Opportunities - **Unmanned Systems**: The demand for embedded computing in unmanned systems is expected to rise significantly due to modern warfare needs [2][11] - **Low-altitude Economy**: Development in this area is expected to boost demand for civilian products [11] Challenges - **Order Delays**: Orders were delayed in 2024 due to industry conditions, impacting delivery [2][6] - **Market Competition**: Facing competition from state-owned research institutes with less flexibility in production [12] Conclusion Zhimingda is positioned for recovery and growth, leveraging its core competencies in military embedded computing and expanding into new markets such as unmanned systems and commercial aerospace. The company’s strong order backlog and increasing revenue in 2025 indicate a positive outlook despite previous challenges.

Core Viewpoint - The company Zhimin Da (688636.SH) announced that its directors and executives plan to reduce their shareholdings due to personal financial needs, with specific amounts and percentages outlined for each individual involved [1] Summary by Relevant Sections Shareholding Reduction - Director and Co-Chairman Jiang Hu plans to reduce his holdings by up to 27,290 shares, representing approximately 0.0163% of the company's total share capital [1] - Director and General Manager Long Bo intends to reduce his holdings by up to 25,334 shares, which is about 0.0151% of the company's total share capital [1] - Deputy General Manager Wan Chonggang aims to reduce his holdings by up to 6,376 shares, accounting for around 0.0038% of the company's total share capital [1] Implementation Timeline - The share reductions will be executed through centralized bidding and are set to take place within three months following the announcement, starting 15 trading days after the disclosure of the reduction plan [1]

格隆汇9月9日丨智明达(688636.SH)公布，公司董事、联席董事长江虎先生为因自身资金需求，拟通过 集中竞价交易方式减持其所持有的公司股份合计不超过27,290股，本次减持比例合计不超过公司总股本 的0.0163%；公司董事、总经理龙波先生为因自身资金需求，拟通过集中竞价交易方式减持其所持有的 公司股份合计不超过25,334股，本次减持比例合计不超过公司总股本的0.0151%；公司副总经理万崇刚 先生为因自身资金需求，拟通过集中竞价交易方式减持其所持有的公司股份合计不超过6,376股，本次 减持比例合计不超过公司总股本的0.0038%；上述减持均通过集中竞价方式减持，自本减持计划公告之 日起15个交易日后的3个月内实施。 ...

Core Viewpoint - The company announced that three executives plan to reduce their shareholdings due to personal financial needs, with specific amounts and percentages outlined for each individual [1] Summary by Category Executive Share Reduction - Director and Co-Chairman Jiang Hu plans to reduce his holdings by up to 27,290 shares, accounting for 0.0163% of the company's total share capital [1] - General Manager Long Bo intends to reduce his holdings by up to 25,334 shares, representing 0.0151% of the total [1] - Deputy General Manager Wan Chonggang plans to reduce his holdings by up to 6,376 shares, which is 0.0038% of the total [1] Reason for Reduction - The share reductions by the three executives are attributed to personal funding needs, with the shares being sourced from equity incentive shares, including those from capital reserve transfers [1]

证券代码：688636 证券简称：智明达 公告编号：2025-053 成都智明达电子股份有限公司 董事及高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 董事及高级管理人员持股的基本情况 截止本公告披露日，成都智明达电子股份有限公司（以下简称"公司"）董 事及高级管理人员持股情况如下： 公司于 2025 年 4 月 25 日公告的《关于合伙企业变更执行事务合伙人暨持股 5%以上股东权益变动的提示性公告》（公告编号：2025-019），共青城智为投资合 伙企业（有限合伙）（曾用名为"成都智为企业管理合伙企业（有限合伙）"，以 下简称"共青城智为"）执行事务合伙人由王勇先生变更为江虎先生。本次执行 事务合伙人变更后，共青城智为与公司实际控制人不再具有一致行动关系；依据 《上市公司收购管理办法》规定，共青城智为被认定为与江虎存在一致行动关系。 减持计划的主要内容 公司董事、联席董事长江虎先生为因自身资金需求，拟通过集中竞价交易方 1 1. 董事、联席董事长江虎先生，直接持有 ...

成都智明达电子股份有限公司 2025 年第三次临时股东会 会 议 材 料 2025 年 9 月 9 日 成都智明达电子股份有限公司 2025 年第三次临时股东会会议资料 目录 | 2025 | 年第三次临时股东会会议须知 | 3 | | --- | --- | --- | | 2025 | 年第三次临时股东会议程 | 5 | | 2025 | 年第三次临时股东会会议议案 | 7 | | 议案一 | 《关于变更注册资本及修订<公司章程>并办理工商变更登记的议案》 | 8 | 2 成都智明达电子股份有限公司 2025 年第三次临时股东会会议资料 成都智明达电子股份有限公司 2025 年第三次临时股东会会议须知 为保障成都智明达电子股份有限公司（下称"公司"）全体股东的合法权益，维护股东会 的正常秩序，保证股东会如期、顺利召开，根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司股东会规则（2025 年修订）》《成都智明达电子股份有限公司章程》（下称 "《公司章程》"）以及《成都智明达电子股份有限公司股东会议事规则》等有关规定，特制定 本须知。 一、会议期间，全体出席人员应以维护股东的合法权益、保证大会 ...

Core Viewpoint - The company announced the approval of multiple proposals, including the results of a simplified procedure for issuing stocks to specific targets for the year 2025 during the 29th meeting of its third board of directors [2] Group 1 - The board meeting took place on the evening of September 2 [2] - The company is moving forward with plans to issue stocks through a simplified process [2] - The announcement includes various proposals that were reviewed and approved by the board [2]

Group 1 - The company, Zhimin Da, announced that it will hold its third extraordinary general meeting of shareholders on September 18, 2025 [1] - The agenda for the meeting includes the proposal to change the registered capital and amend the business registration [1]