Meeting Overview - The shareholders' meeting of Semiconductor Manufacturing International Corporation (SMIC) was held on June 27, 2025, in Shanghai [1] - A total of 2,215 ordinary shareholders attended the meeting, with 2,207 being A-shareholders and 8 being foreign shareholders [1] Voting Results - The total voting rights held by ordinary shareholders amounted to 2,583,691,003, with A-shareholders holding 598,482,667 and foreign shareholders holding 1,985,208,336 [1] - The voting method combined on-site and online voting for A-shareholders, complying with the company's articles of association [1] Proposal Review - All proposals presented at the meeting were approved, with significant support from shareholders: - Proposal for the audited consolidated financial statements received 99.975% approval from ordinary shareholders [1] - Proposal for the board report received 99.773% approval from ordinary shareholders [2] - Proposal for the auditor's report received 99.510% approval from ordinary shareholders [2] - Proposal for cash dividend distribution received 93.693% approval from ordinary shareholders [3] Legal Compliance - The meeting's procedures, attendance qualifications, and voting results were confirmed to be in compliance with relevant laws and regulations, ensuring the legality and validity of the resolutions passed [3]

| 股代码：688981 | A | A 股简称：中芯国际 | 公告编号：2025-015 | | --- | --- | --- | --- | | 港股代码：00981 | | 港股简称：中芯国际 | | 中芯国际集成电路制造有限公司 2025年股东周年大会决议公告 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 （四） 表决方式是否符合《公司法》及公司章程的规定，股东大会主持情况等。 2025 年股东周年大会由本公司董事会召集，董事长刘训峰博士主持，采用 现场与网络投票（仅针对 A 股股东）相结合的表决方式，本公司股东代表、见证 律师及先机会计师行有限公司于股东大会上担任计票人、监票人。本次股东大会 的召集、召开和表决方式符合《中芯国际集成电路制造有限公司经修订及重述组 织章程大纲及细则》的有关规定。 （五） 公司董事和董事会秘书的出席情况 1、 公司在任董事9人，出席9人。 2、联合首席执行官赵海军博士，资深副总裁、董事会秘书及公司秘书郭光莉女 士，资深副总裁及财务负责人 ...

上海市锦天城律师事务所 关于 Semiconductor Manufacturing International Corporation （中芯国际集成电路制造有限公司） 2025 年股东周年大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意⻅书 上海市锦天城律师事务所 关于 Semiconductor Manufacturing International Corporation （中芯国际集成电路制造有限公司） 一、 为了出具本法律意见书，本所律师列席了公司本次股东大会并审查了 公司提供的有关公司召开本次股东大会的文件。 二、 本所及本所律师依据《证券法》《股东会规则》《律师事务所从事证券法 律业务管理办法》《律师事务所证券法律业务执业规则（试行）》等规定及《公司 章程》有关规定，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 了充分核查验证。 1 上海市锦天城律师事务所 法律意⻅书 2025 年股东周年大会的 法律意见书 案号：01G20241 ...

Core Viewpoint - The A-share market has shown significant growth since the rally began on September 24 of last year, with a total market capitalization increase of over 25 trillion yuan, driven primarily by the banking, electronics, and non-bank financial sectors [2]. Group 1: Market Capitalization - As of June 26, the total market capitalization of A-shares reached 105.1 trillion yuan, marking the second consecutive day above the 105 trillion yuan threshold [1]. - On June 25, the A-share market capitalization hit a historical record of 105.47 trillion yuan [1]. Group 2: Sector Performance - The banking sector has seen a cumulative increase of over 40% since the rally began, adding 4.51 trillion yuan to its market capitalization, which now stands at 15.87 trillion yuan [2]. - The electronics sector has experienced a cumulative increase of over 50%, with a market capitalization increase of 3.18 trillion yuan, bringing its total to 9 trillion yuan [2]. - The non-bank financial sector has risen by 38.36%, contributing approximately 1.91 trillion yuan to its market capitalization, which is now 7.54 trillion yuan [2]. Group 3: Notable Companies - Within the banking sector, the Industrial and Commercial Bank of China (ICBC) has seen the largest market capitalization increase, exceeding 710 billion yuan [2]. - In the electronics sector, Semiconductor Manufacturing International Corporation (SMIC) has the highest market capitalization increase, surpassing 350 billion yuan [2]. - For the non-bank financial sector, Ping An Insurance has recorded the most significant market capitalization increase, exceeding 245 billion yuan [2].

Core Insights - The total margin financing balance on the STAR Market increased by 1.26 billion yuan compared to the previous trading day, while the margin short selling balance decreased by 5.71 million yuan [1] - As of June 26, the total margin balance on the STAR Market reached 157.09 billion yuan, marking a continuous increase for four consecutive trading days [1] - The highest margin financing balance was recorded for SMIC at 7.17 billion yuan, followed by Cambrian and Haiguang Information with balances of 4.52 billion yuan and 3.50 billion yuan respectively [1] Margin Financing Summary - 359 stocks on the STAR Market saw an increase in margin financing balance, while 225 stocks experienced a decrease [1] - Notable increases in margin financing balance were observed for Haooubo (29.57%), Huachuang Technology (28.45%), and Beiqing Song (24.44%) [1][2] - The largest decreases were seen in Delong Laser (-12.32%), Changying Tong (-10.57%), and Sitwei (-10.27%) [1][2] Margin Short Selling Summary - The highest margin short selling balance was for Haiguang Information at 1.8 million yuan, followed closely by SMIC and Cambrian at 1.6 million yuan and 1.6 million yuan respectively [2] - 93 stocks on the STAR Market reported an increase in margin short selling balance, while 176 stocks saw a decrease [2] - Significant increases in margin short selling balance were noted for Maixinlin (96.41%), Tianzhun Technology (69.57%), and Anheng Information (62.26%) [2][3] - The largest decreases were recorded for Huaxing Yuanchuang (-51.21%), Huazhu Gaoke (-50.61%), and Chipengwei (-46.64%) [2][3]

Report Industry Investment Rating No relevant content provided. Core View of the Report Based on macro - fundamental and technical analysis, the report predicts the trend of various futures on June 26, 2025. Index futures, silver, nickel, tin, industrial silicon, lithium carbonate, coking coal, soda ash, methanol, and natural rubber futures are expected to show a strong - side oscillation. Crude oil, fuel oil, and soybean meal futures are likely to have a weak - side oscillation. Treasury bond, gold, copper, aluminum, glass futures are expected to oscillate and consolidate [2][3][4][7]. Summary by Related Catalogs 1. Futures Market Outlook - **Index Futures**: On June 26, IF2509, IH2509, IC2509, and IM2509 are expected to oscillate strongly. Resistance and support levels are provided for each contract [2][19]. - **Treasury Bond Futures**: The ten - year T2509 and thirty - year TL2509 are likely to oscillate and consolidate on June 26, with corresponding support and resistance levels [3][42][46]. - **Precious Metal Futures**: Gold futures AU2508 will likely oscillate and consolidate on June 26, while silver futures AG2508 are expected to oscillate strongly [3][47][54]. - **Base Metal Futures**: Copper CU2508, aluminum AL2508, and glass FG509 are expected to oscillate and consolidate on June 26. Alumina AO2509, nickel NI2508, and tin SN2508 are expected to oscillate strongly [3][4][59][69]. - **Energy and Chemical Futures**: Crude oil SC2508 and fuel oil FU2509 are expected to oscillate weakly on June 26. Industrial silicon SI2509, lithium carbonate LC2509, coking coal JM2509, soda ash SA509, methanol MA509, and natural rubber RU2509 are expected to oscillate strongly [4][7][103]. - **Agricultural Futures**: Soybean meal M2509 is expected to oscillate weakly on June 26 [7]. - **Building Materials Futures**: Rebar RB2510, hot - rolled coil HC2510, and iron ore I2509 are expected to oscillate weakly on June 26 [4][5][85]. 2. Macro News and Trading Tips - **Domestic News**: Chinese leaders made statements on economic globalization, domestic market construction, and other aspects. Relevant departments launched special rectification actions and issued policies on attracting foreign investment [8][9]. - **International News**: US President Trump made statements on multiple issues, including Iran, the Fed chair, and trade policies. NATO members reached a defense spending agreement. The EU may impose retaliatory tariffs on the US [9][10][11]. 3. Commodity Futures - Related Information - **International Oil Prices**: On June 25, international oil prices fluctuated narrowly, with US oil rising 0.9%. US EIA crude oil inventories decreased more than expected [11]. - **International Precious Metals**: On June 25, international precious metal futures generally rose, with COMEX gold rising 0.37% and silver rising 1.35% [11]. - **London Base Metals**: On June 25, most London base metals rose, with LME tin rising 2.5%, zinc and nickel rising 1%, and copper rising 0.6% [12]. - **Steel Output**: In May, global crude steel output decreased by 3.8% year - on - year, with China's output down 6.9% and India's up 9.7% [12]. - **Exchange Rates**: On June 25, the on - shore RMB against the US dollar rose, and the US dollar index fell [12][13].

南向资金今日净买入52.86亿港元。其中，中芯国际、建设银行分别获净买入约8.96亿港元、5.82亿港 元；腾讯控股遭净卖出约5.71亿港元。 ...

Group 1 - The Hang Seng Index opened lower by 0.53%, at 24,345.29 points [1] - The Hang Seng Tech Index declined by 0.52% [1] - NIO and Alibaba both fell over 2%, while JD.com, Meituan, and Xpeng Motors dropped more than 1% [1] Group 2 - Bilibili and SMIC saw gains of over 1% [1]

Group 1: Market Activity - Southbound funds net bought Hong Kong stocks worth 95.74 billion HKD on June 25 [1] - Notable net purchases included Guotai Junan International (16.62 billion HKD), SMIC (14.25 billion HKD), and China Construction Bank (8.92 billion HKD) [1] - Significant net sales were observed in Tencent Holdings (5.51 billion HKD), Alibaba-W (4.6 billion HKD), and Xiaomi Group-W (3.06 billion HKD) [1] Group 2: Stock Performance - Guotai Junan International saw a remarkable increase of 198.4% with a net purchase of 13.69 billion HKD [4] - SMIC experienced a 5.6% rise with a net purchase of 7.39 billion HKD [4] - Xiaomi Group-W had a slight decline of 0.4% with a net sale of 4.16 billion HKD [4] Group 3: Company Developments - Guotai Junan International received approval from the Hong Kong Securities and Futures Commission to upgrade its securities trading license to include virtual asset trading services [5] - SMIC is facing potential changes as the U.S. Department of Commerce plans to revoke the "indefinite exemption" for semiconductor companies operating in mainland China [5] - China Ping An's shareholding by BlackRock increased from 5.91% to 6.04% as of June 19 [6] Group 4: Industry Trends - The insurance sector in Hong Kong is experiencing a wave of shareholding increases, with 19 instances reported by June 20, 2025, involving 16 companies [6] - Xiaomi announced the launch of its AI glasses, which have already received 250,000 pre-orders [6] - The launch of the Cross-Border Payment System on June 22 marks a significant step in connecting mainland China and Hong Kong's payment systems [6]

Group 1 - The core point of the news is that the main funds in the Shanghai and Shenzhen markets experienced a net inflow of 7.138 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 323 million yuan [1] - A total of 233 stocks saw net inflows, while 355 stocks experienced net outflows [1] - On the Sci-Tech Innovation Board, 452 stocks rose, with one stock, Tai Lingwei, hitting the daily limit, while 126 stocks declined [1] Group 2 - The top three stocks with the highest net inflow of main funds are: Han's Laser with 362 million yuan, SMIC with 349 million yuan, and Tai Lingwei with 107 million yuan [2] - The stock with the highest net outflow was Guangda Special Materials, which saw a net outflow of 158 million yuan despite a price increase of 2.91% [1][2] - There are 62 stocks that have seen continuous net inflows for more than three trading days, with Sanyou Medical leading at 10 consecutive days [2] Group 3 - The main funds' inflow ranking shows that Han's Laser had an inflow rate of 6.40% and a price increase of 0.64% [2] - Other notable stocks include Kingsoft Office with an inflow of 101 million yuan and a price increase of 3.87%, and Wealth Trend with an inflow of 100 million yuan and a price increase of 17.84% [2] - A total of 114 stocks experienced continuous net outflows, with Bohui Technology leading at 24 consecutive days of outflow [2]