Core Viewpoint - The company is proposing a restricted stock incentive plan for 2025, aiming to attract and retain talent while aligning the interests of shareholders, the company, and core team members [7][8][30]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting 4.2519 million restricted stocks, accounting for approximately 3.68% of the company's total share capital of 115.385418 million shares [6][10]. - The plan will be funded through repurchased shares from the secondary market or newly issued shares directed to the incentive recipients [9]. Purpose of the Incentive Plan - The plan aims to enhance the long-term incentive mechanism, motivate employees, and ensure alignment of interests among stakeholders [7][30]. Eligibility and Distribution - The plan targets up to 95 key technical and business personnel, representing 9.10% of the total workforce of 1,045 employees as of the end of 2024 [13]. - The distribution of restricted stocks among recipients will ensure that no individual receives more than 1% of the total share capital [15]. Granting and Vesting Conditions - The grant price for the restricted stocks is set at no less than 20.37 yuan per share, based on various pricing methods [24]. - Vesting conditions include meeting specific performance targets related to gross margin and the number of new patent applications [28][29]. Performance Assessment - The performance assessment will occur annually over two fiscal years (2025-2026), with specific targets set for each year [28]. - The assessment will consider both company-level and individual-level performance metrics [30]. Implementation Procedures - The plan requires approval from the board and shareholders, with a detailed process for granting and vesting the stocks [31][32]. - The company will ensure compliance with relevant laws and regulations throughout the implementation of the plan [31][32]. Adjustments and Termination - Adjustments to the number of stocks granted or their price may occur due to corporate actions such as stock splits or capital increases [36][40]. - The plan can be terminated under specific circumstances, including financial reporting issues or regulatory non-compliance [53].

Group 1 - The company has decided to abolish the supervisory board and transfer its powers to the audit committee of the board of directors [1] - The decision was made in accordance with the Company Law of the People's Republic of China and relevant regulations, reflecting the actual governance needs of the company [1] - Relevant rules and regulations related to the supervisory board will be abolished, and corresponding amendments will be made to the company's articles of association [1] Group 2 - The company held the 11th meeting of the 5th board of directors on September 28, 2025, where the proposals regarding the cancellation of the supervisory board and the amendments to the articles of association were approved [1] - Specific amendments to the articles of association were outlined, although detailed changes were not provided in the announcement [1]

Core Points - The company has revised its Articles of Association and made non-substantive amendments, which require approval from the shareholders' meeting [1][2] - The company has undergone changes in its board of directors, with resignations and new appointments, ensuring compliance with legal requirements [3][4][5] - The company has approved the use of its own funds to pay for part of the fundraising project expenses, which will be replaced with raised funds later [15][16][21] Group 1: Articles of Association and Governance - The company has made non-substantive revisions to its Articles of Association, which include minor wording changes and adjustments to clause numbering and punctuation [1] - Several governance systems have been revised or established in conjunction with the amendments to the Articles of Association, with some requiring shareholder approval [2][40] - The board of directors has proposed to cancel the supervisory board and amend the Articles of Association accordingly, which is pending shareholder approval [36][37] Group 2: Board Changes - Three directors, including one who is also a senior manager, have submitted their resignations, with one continuing in a management role [4][5] - The company has nominated new candidates for the board of directors to fill the vacancies created by the resignations, which will be submitted for shareholder approval [6][42] - The company has elected a new employee representative director during a staff representative meeting [8] Group 3: Fundraising and Financial Management - The company has approved the use of its own funds to cover part of the expenses for fundraising projects, with plans to replace these funds with raised capital later [15][16] - The total amount raised from the initial public offering was approximately 1.44 billion yuan, with a net amount of about 1.32 billion yuan after expenses [16] - The company has outlined the reasons for using its own funds initially, including operational efficiency and compliance with banking regulations [17][18][19] Group 4: Committee Appointments - The company has made appointments to its strategic committee, remuneration and assessment committee, and audit committee following recent board changes [9][46] - The appointments are intended to ensure the smooth operation of these committees and are effective until the end of the current board's term [9][46] Group 5: Monitoring and Compliance - The supervisory board has expressed its agreement with the company's decision to use its own funds for project expenses, confirming compliance with regulations [23][30] - The underwriting institution has also provided a favorable review of the company's financial management practices regarding the use of raised funds [25][26]

Investment Rating - The report suggests a positive outlook on the commercialization of the nuclear fusion industry, recommending continuous attention to the sector [3]. Core Insights - Nuclear fusion is viewed as the ultimate solution to humanity's energy problems, with the potential for significant advancements in commercialization by 2025 [1][2]. - The report highlights the diverse technological pathways in nuclear fusion research, primarily focusing on magnetic confinement and inertial confinement methods [1][66]. - A detailed overview of both international and domestic nuclear fusion projects is provided, showcasing the collaborative efforts in advancing fusion technology [2][35]. Summary by Sections 1. Nuclear Fusion: The Ultimate Solution to Energy Problems - Controlled nuclear fusion aims to replicate the sun's energy production on Earth, primarily through the fusion of hydrogen isotopes deuterium and tritium [1][8]. - Achieving nuclear fusion requires meeting three critical conditions: high temperature, sufficient density, and adequate energy confinement time, collectively known as the fusion triple product [18][22]. 2. Diverse Technological Pathways - The report outlines two main research directions: - Magnetic confinement, which utilizes strong magnetic fields to contain high-temperature plasma, with devices like Tokamaks and Stellarators [66]. - Inertial confinement, which relies on the inertia of fuel pellets compressed by powerful lasers or particle beams [66]. 3. Overview of Nuclear Fusion Projects - International projects include ITER, SPARC, and the Orion device, while domestic efforts are led by institutions like the China National Nuclear Corporation and various universities [2][35]. - The report details several key projects in China, such as the BEST project and the Jiangxi "Spark" project, highlighting the collaborative landscape of fusion energy development [2][35]. 4. Investment Recommendations - The report recommends focusing on companies involved in high-power electronic tubes, vacuum switches, superconducting materials, and other components critical to the nuclear fusion supply chain [3]. - Specific companies highlighted for investment include Xuguang Electronics, Yingjie Electric, and Guoguang Electric, among others [3][4].

Core Viewpoint - The company announced the approval of a proposal to use its own funds to pay for part of the fundraising investment projects and to replace these with equivalent amounts from the raised funds [1] Group 1 - The company will hold its 11th meeting of the 5th Board of Directors and the 10th meeting of the 5th Supervisory Board on September 28, 2025 [1] - The proposal allows the company and its subsidiaries to use self-owned funds for part of the fundraising investment projects during the implementation period [1] - The equivalent amount of funds used will be transferred from the fundraising account to the company's non-fundraising account, treating this amount as funds used for the investment projects [1]

西安爱科赛博电气股份有限公司 | 14 | 符祝辉 | 技术/业务骨干 | 62 | 王萍 | 技术/业务骨干 | | --- | --- | --- | --- | --- | --- | | 15 | 付驰骥 | 技术/业务骨干 | 63 | 王姝麟 | 技术/业务骨干 | | 16 | 高磊 | 技术/业务骨干 | 64 | 王亚君 | 技术/业务骨干 | | 17 | 高伟娟 | 技术/业务骨干 | 65 | 卫斌 | 技术/业务骨干 | | 18 | 郭娥 | 技术/业务骨干 | 66 | 吴景辉 | 技术/业务骨干 | | 19 | 郭进 | 技术/业务骨干 | 67 | 武仲剑 | 技术/业务骨干 | | 20 | 郭树涛 | 技术/业务骨干 | 68 | 徐芳 | 技术/业务骨干 | | 21 | 郭万喜 | 技术/业务骨干 | 69 | 徐翔 | 技术/业务骨干 | | 22 | 郭小龙 | 技术/业务骨干 | 70 | 徐小犬 | 技术/业务骨干 | | 23 | 韩海港 | 技术/业务骨干 | 71 | 闫荣 | 技术/业务骨干 | | 24 | 郝平静 | 技术/业务骨干 | 72 | ...

证券代码：688719 证券简称：爱科赛博 西安爱科赛博电气股份有限公司 2025 年限制性股票激励计划 （草案） 西安爱科赛博电气股份有限公司 二零二五年九月 1 声 明 符合本激励计划授予条件的激励对象，在满足相应归属条件后，以授予价格 分次获得公司从二级市场回购的公司 A 股普通股股票或公司向激励对象定向增 发的 A 股普通股股票，该等股票将在中国证券登记结算有限责任公司上海分公 司进行登记。激励对象获授的限制性股票在归属前，不享有公司股东权利，并且 该限制性股票不得转让、用于担保或偿还债务等。 三、本激励计划拟授予的限制性股票数量 425.19 万股，约占本激励计划草 案公告时公司股本总额 11,538.5418 万股的 3.68%。截至本激励计划草案公告之 日，公司全部有效的激励计划所涉及的标的股票总数累计不超过股权激励计划提 交股东会时公司股本总额的 20%。本计划中任何一名激励对象通过全部在有效期 内的股权激励计划获授的本公司股票，累计不超过本计划提交股东会审议时公司 股本总额的 1.00%。 四、本计划限制性股票的授予价格为 20.37 元/股。在本激励计划草案公告当 日至激励对象完成限制性股 ...

长江证券承销保荐有限公司 关于西安爱科赛博电气股份有限公司 二、募集资金投资项目情况 根据《西安爱科赛博电气股份有限公司首次公开发行股票并在科创板上市招 股说明书》及《西安爱科赛博电气股份有限公司关于部分募投项目调减投资金额 1 使用自有资金支付募投项目部分款项并以募集资金等额置 换的核查意见 长江证券承销保荐有限公司（以下简称"长江保荐"或"保荐机构"）作为 西安爱科赛博电气股份有限公司（以下简称"爱科赛博"或"公司"）首次公开 发行股票并在科创板上市的保荐机构，负责爱科赛博的持续督导工作。根据《证 券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《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》《上市公司监管指 引第 2 号——上市公司募集资金管理和使用的监管要求》等相关法律法规的规 定，对公司使用自有资金支付募投项目部分款项并以募集资金等额置换事项进行 了核查，核查情况及核查意见具体如下： 一、募集资金基本情况 根据中国证券监督管理委员会 2023 年 7 月 6 日核发的《关于同意西安爱科 赛博电气股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕1493 ...

北 京 大 成 律 师 事 务 所 关 于 西 安 爱 科 赛 博 电 气 股 份 有 限 公 司 2025 年 限 制 性 股 票 激 励 计 划 的 法 律 意 见 书 北 京 大 成 律 师 事 务 所 dacheng.com dentons.cn 北京市朝阳区朝阳门南大街 10 号兆泰国际中心 B 座 16-21 层 16-21F， Tower B， ZT INTERNATIONAL CENTER， No.10， Chaoyangmen Nandajie， Chaoyang District， Beijing Tel: +86 10-58137799 Fax: +86 10-58137779 释 义 | 释 义 3 | | --- | | 正 文 7 | | 一、公司实行本次激励计划的主体资格 7 | | 二、本次激励计划的内容 8 | | 三、本次激励计划的拟定、审议及公示程序 16 | | 四、本次激励计划的激励对象 18 | | 五、本次激励计划的信息披露 19 | | 六、公司未为本次激励计划的激励对象提供财务资助 20 | | 七、本次激励计划对公司及全体股东利益的影响 20 | | 八、本 ...

西安爱科赛博电气股份有限公司对外投资管理制度 西安爱科赛博电气股份有限公司 对外投资管理制度 第一章 总则 第一条 为规范西安爱科赛博电气股份有限公司（以下简称"公司"）对外 投资行为，降低对外投资风险，提高投资效益，合理、有效地使用资金，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所科创板 股票上市规则》《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、法规、规范性文件和《西安爱科赛博电气股份有限公司章程》 （以下简称《公司章程》）的有关规定，结合公司实际情况，制定《西安爱科赛 博电气股份有限公司对外投资管理制度》（以下简称"本制度"）。 第二条 本制度所称对外投资，是指公司为获取未来收益而将一定数量的货 币资金、股权、实物资产、无形资产或其他法律、法规及规范性文件规定可以 用作出资的资产对外进行各种形式投资的行为。 第三条 投资管理的基本原则：遵守国家法律、法规，符合国家产业政策； 符合公司发展战略；合理配置企业资源；促进要素优化组合；创造良好经济效 益。 第二章 对外投资范围及权限 第四条 本制度所指的对外投资，包括但不限于： （一）企业权益性投资（包括 ...