Group 1: Blockchain Technology Applications - The company has developed a series of products and solutions based on blockchain technology, including supply chain finance, electronic documents, and clean energy traceability, successfully implemented in multiple power enterprises [2][3] - Projects like "Dian Yi Chain" and "Cai Zhi Chain" have received national management science awards, while "Li Min Chain" won the second prize in the Digital China Innovation Competition's blockchain track [2][3] - The company plans to continue investing in blockchain, focusing on technological innovation and ecosystem collaboration to enhance its products and solutions [3] Group 2: Opportunities in Smart Energy - The evolving electricity market presents opportunities for digital and informational support, as market participants face complex trading scenarios [4] - Key areas for improvement include AI-based power forecasting, load forecasting, and multi-energy collaborative trading decisions [4] - The company aims to leverage these needs to enhance its information technology offerings in electricity trading [4] Group 3: Artificial Intelligence Initiatives - The company has developed an AI platform, "Yuan Guang Tian Feng," integrating various large models and enabling automated service generation [5][6] - It has launched enterprise-level intelligent applications, enhancing user interaction and operational efficiency [6] - The integration of AI with IoT and biometric technologies has led to the development of smart hardware products [6] Group 4: Market Value Management Strategies - The company is committed to enhancing value creation through strategic planning and investment in key technologies like cloud computing and AI [7] - It emphasizes transparency in information disclosure to improve investor understanding and confidence [7] - The company will utilize various market value management tools to boost market confidence as needed [7]

Group 1 - The core viewpoint of the news is that Yinye Investment has conducted research on a listed company, Yuanguang Software, which has been actively developing blockchain technology since 2015 [1] - Yuanguang Software has built a comprehensive capability in blockchain, creating a self-developed enterprise application service platform that provides technical support across the entire process of "building chains, uploading chains, and using chains" [1] - The company has developed multiple products in areas such as digital enterprises, smart energy, and social interconnectivity, successfully implemented in several power companies, and has received multiple honors [1] Group 2 - The company plans to continue investing in blockchain business, focusing on technological innovation, deepening application scenarios, and ecological collaboration to enhance its products and solutions [1] - Although the RW business has not been practically implemented, the blockchain technology can be applied in asset confirmation, circulation, and traceability [1] - Yuanguang Software possesses a self-controlled platform, multiple intellectual property rights, participates in national standard formulation, and has been recognized as one of the top 50 industrial blockchain enterprises for four consecutive years [1]

Summary of the Conference Call for YuanGuang Software Industry and Company Overview - The conference call focuses on YuanGuang Software, a company specializing in blockchain technology applications, supply chain finance, and green energy solutions [2][4][8]. Key Points and Arguments Blockchain Technology Applications - YuanGuang Software has successfully implemented blockchain technology in internal management, including electronic documents, contracts, and signatures, enhancing operational efficiency [2][4]. - The company has partnered with several provincial power companies to launch supply chain finance platforms, such as the "Dian E Lian" platform in Shanghai, "Li Min Lian" in Fujian, and "Cai Zhi Lian" in Hebei, addressing financing challenges in the industry [2][7]. Green Energy Initiatives - The company actively participates in green energy projects, providing green electricity traceability services for major events like the Beijing Winter Olympics and Hangzhou Asian Games [2][5]. - YuanGuang Software collaborates with its major shareholder, Shuke Company, to build a national green electricity perception platform and promote green certificate-related work [2][6]. Real World Assets (RWA) Development - The company is exploring the tokenization of real-world assets to provide financing solutions for high-energy-consuming enterprises undergoing green transformation, with pilot operations in Hong Kong [2][10]. - YuanGuang Software aims to expand its RWA-related products and integrate them into existing offerings to enhance supply chain finance services [7][10]. Market Potential and Future Directions - The company is constructing a national green electricity platform, having completed deployments in five pilot regions, with significant market potential anticipated [2][18]. - YuanGuang Software plans to deepen its blockchain applications, expand supply chain finance services, and strengthen its green energy initiatives, including obtaining international green certificate qualifications [8][19]. Additional Important Content Payment and Settlement Services - YuanGuang Software has developed a payment module for fund settlement, providing overseas settlement services for companies like China Power Construction and Yuexiu Group [3][21]. - The company is monitoring the development of stablecoins and their potential impact on traditional settlement systems, indicating no significant technical challenges in upgrading existing systems to incorporate blockchain technology [21]. Green Certificate Market Potential - The green certificate certification market is deemed highly promising, with a variety of certification reports required annually by numerous supply chain enterprises [19]. - The company is focused on leveraging this market opportunity to enhance its service offerings and revenue potential [19]. Collaboration with State Grid - YuanGuang Software serves as the exclusive technology supplier for State Grid Blockchain Company, providing comprehensive technical support and ensuring the platform's autonomy and upgradeability [12][13]. RWA Charging Models - The company has outlined two charging models for RWA-related services: platform fees and operational fees, depending on the nature of the service provided [20]. This summary encapsulates the key insights and developments discussed during the conference call, highlighting YuanGuang Software's strategic initiatives and market positioning in blockchain technology, green energy, and supply chain finance.

Group 1: Blockchain Business Overview - The company began its blockchain business layout in 2015, developing a comprehensive capability covering R&D, application scenarios, product operations, intellectual property protection, standard construction, and talent cultivation [2][3] - The core product system is based on a self-developed "Blockchain Enterprise Application Service Platform," which provides technology, tools, and services across the entire blockchain application process [2][3] Group 2: Project Implementation and Client Applications - The company has developed a series of products and solutions based on blockchain technology in areas such as digital enterprises, smart energy, and social interconnectivity, including supply chain finance, electronic documents, and clean energy traceability [4] - Successful implementations in multiple power enterprises have led to rich industry application experience, aiding digital transformation and trustworthy data circulation [4] Group 3: Future Development Plans - The company plans to continue investing in blockchain business, focusing on technological innovation, scenario deepening, and ecological collaboration to enhance products and solutions [5] - Although the company has not yet implemented RWA (Real World Assets) business, it is prepared with relevant technologies and business models for potential applications in asset confirmation, circulation, and traceability [5] Group 4: Competitive Advantages - The company maintains ongoing R&D investment in blockchain, possessing a self-controlled technology platform and multiple innovative products and solutions [6][7] - It has accumulated 14 blockchain information services approved by the National Internet Information Office and has been recognized as one of the top 50 blockchain enterprises for four consecutive years [7]

Investment Rating - The report maintains a "Positive" investment rating for the computer industry, specifically focusing on Real World Assets (RWA) [4] Core Insights - RWA represents a transformative innovation in financial technology by converting real-world assets into digital assets on the blockchain, potentially leading to exponential growth in the sector [2][6] - The global RWA asset market reached $24.5 billion as of June 2025, with projections to exceed $16 trillion by 2030, indicating a significant opportunity for investment [6][18] - The report emphasizes the importance of regulatory frameworks being established globally to support the growth of RWA, with regions like Hong Kong and the EU leading the way [26][30] Summary by Sections RWA: Connecting Real World Assets to Blockchain - RWA involves the tokenization of tangible and intangible assets through blockchain technology, enhancing liquidity and reducing transaction costs [11][12] - The RWA market is rapidly expanding, with a diverse range of assets including real estate, bonds, and commodities being tokenized [15][16] RWA Issuance Process and Regulatory Framework - The RWA issuance process consists of five key steps: asset selection, legal and compliance framework establishment, technology implementation, token issuance, and ongoing management [21][23] - Various countries are developing regulatory frameworks for RWA, with Hong Kong adopting a sandbox approach to foster innovation while ensuring compliance [26][30] Expansion of Asset Classes and RWA Market - RWA assets can be categorized into cash flow, equity, and non-cash flow assets, with credit and bonds currently leading the market [35][36] - The report highlights the significant growth potential in the RWA sector, particularly in tokenized real estate and securities, which are becoming increasingly popular [46][53] RWA Industry Ecosystem - The RWA ecosystem is forming a collaborative industry chain involving asset providers, technology firms, platforms, compliance custodians, and investors [4][6] - Key players in the blockchain and fintech sectors are recommended for investment, including companies like 恒生电子 and 新国都 [2][6]

Group 1 - The company appointed Chen Lihao as honorary chairman, recognizing his contributions and influence in the software industry over the past thirty years [1][2] - Chen Lihao holds 9.96% of the company's total shares and is a concerted actor with the controlling shareholder, State Grid Digital Technology Co., Ltd [2] - The remuneration for Chen Lihao in 2025 is set at 1.21 million yuan per year (pre-tax), with related expenses covered by the company [1][2] Group 2 - The board of directors approved the remuneration and related party transaction with a unanimous vote, indicating strong support for the decision [2][6] - The pricing policy for the remuneration is based on the company's director remuneration standards, industry salary levels, and operational goals, ensuring fairness and transparency [3][6] - The independent directors agreed that the remuneration aligns with the company's long-term interests and complies with relevant regulations [6]

Core Viewpoint - The legal opinion letter from Guangdong Xinda Law Firm confirms the compliance of the adjustments, exercise, and cancellation of the stock option incentive plan of Yuanguang Software Co., Ltd. with relevant laws and regulations [1][3][17] Group 1: Legal Framework and Compliance - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and specific guidelines for stock option incentive plans [1][2] - The firm has verified that the company provided all necessary and accurate documentation for the issuance of the legal opinion [2][3] - The legal opinion is intended solely for the purpose of the company's implementation of the incentive plan and cannot be used for other purposes without prior written consent [2] Group 2: Adjustments to the Incentive Plan - The adjustments to the stock option incentive plan were approved by the board and independent directors, ensuring compliance with the management regulations [3][6] - The exercise price of the stock options was adjusted to 5.77 RMB per share following the completion of the 2023 annual equity distribution [7][12] Group 3: Exercise Conditions - The second exercise period of the incentive plan has met the required conditions, with a 30% exercise ratio applicable [12][16] - The company achieved a net asset return rate of 10.02% and a net profit growth rate of 11.23% compared to 2020, fulfilling the performance criteria for the second exercise period [12][16] Group 4: Cancellations of Stock Options - A total of 1,936,607 stock options will be canceled due to 38 incentive participants leaving the company [14][16] - Additionally, 54,150 stock options will be canceled for participants whose performance results only allow for partial exercise [14][16] - The company plans to cancel a total of 14,697,933 stock options due to unmet performance targets for the third exercise period [16][17]

Summary of Key Points Core Viewpoint - The company has approved adjustments to the stock option incentive plan, specifically the exercise price, in accordance with its regulations and following the annual profit distribution for 2023 and 2024 [1][5]. Group 1: Stock Option Incentive Plan Adjustments - The company held a board meeting on July 9, 2025, to approve the adjustment of the exercise price for the 2021 stock option incentive plan [1]. - The number of incentive recipients was adjusted from 665 to 662, and the total number of options granted increased from 33.494821 million to 40.043272 million [2]. - The exercise price was reduced from 8.51 CNY per share to 7.05 CNY per share, with the authorization date set for July 12, 2022 [2][3]. Group 2: Further Adjustments and Impact - The total number of options granted was further adjusted to 47.586771 million, with the exercise price lowered to 5.83 CNY per share [3]. - Due to certain recipients leaving the company and performance not meeting the required criteria, 20.235253 million options were canceled, leaving 629 recipients with unexercised options [3]. - The adjustments to the exercise price are in compliance with relevant regulations and will not materially affect the company's financial status or operational results [5][6]. Group 3: Annual Profit Distribution - The company approved a cash dividend of 0.26 CNY per share for the 2023 fiscal year, with a total share capital of 1,905,096,000 shares [4]. - For the 2024 fiscal year, a cash dividend of 0.30 CNY per share was approved, maintaining the same total share capital [4]. - The adjustments to the exercise price are based on the dividend distribution, ensuring compliance with the incentive plan's provisions [4].

Core Viewpoint - The independent financial advisor report by Shanghai Miaodao Enterprise Management Consulting Co., Ltd. confirms that the conditions for the second exercise period of the stock option incentive plan of Yuan Guang Software Co., Ltd. have been met, allowing eligible participants to exercise their stock options [1][6][19]. Summary by Sections Independent Financial Advisor's Role - The advisor has been appointed to provide an independent opinion on the stock option incentive plan based on relevant laws and regulations, ensuring the information provided by Yuan Guang Software is accurate and complete [1][2][3]. Basic Assumptions - The report is based on assumptions that there are no significant changes in laws, regulations, or market conditions, and that all parties involved will fulfill their obligations under the incentive plan [2][6]. Approval Process for the Incentive Plan - The plan was approved through several board meetings and received necessary approvals from the State-owned Assets Supervision and Administration Commission [6][7][8]. Conditions for the Second Exercise Period - The second exercise period is set to end on July 11, 2025, with a maximum exercise ratio of 30% of the total stock options granted [8][9]. - The company has met the performance assessment requirements, including a net asset return rate of 10.02% and a net profit growth rate that exceeds the benchmark [9][10]. Adjustments to the Incentive Plan - Adjustments have been made to the number of participants and the total number of stock options due to changes in personnel and company performance [7][17]. - The exercise price has been adjusted from 7.05 yuan to 5.83 yuan per share following the company's annual equity distribution [17][18]. Conclusion of the Independent Financial Advisor - The advisor concludes that all conditions for the stock option exercise have been met, and the necessary approvals have been obtained, ensuring no harm to the interests of the company and its shareholders [19].

证券代码：002063 证券简称：远光软件 公告编号：2025-033 远光软件股份有限公司 关于注销2021年股票期权激励计划部分股票期权的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 远光软件股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召开第八届董事 会第十九次会议审议通过了《关于注销2021年股票期权激励计划部分股票期权的议案》， 根据公司《2021 年股票期权激励计划》（以下简称"《激励计划》"、"本激励计划"） 和公司《2021 年股票期权激励计划实施考核管理办法（修订稿）》的相关规定，鉴于本 激励计划中有 38 名激励对象因个人原因离职、10 名激励对象第二个行权期个人考核结 果为部分行权以及公司2024年度业绩未达到第三个行权期的公司层面的业绩考核要求， 公司将注销 629 名激励对象已获授但尚未行权的共计 14,697,933 份股票期权。现将相关 事项公告如下： 一、本激励计划已履行的相关审批程序 1. 2021 年 12 月 13 日，公司第七届董事会第九次会议和第七届监事会第七次会议 审议通过了《2021 年股 ...