北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 2、本所律师已经按照《公司法》《规则》及《公司章程》的要求对公司本 1 法律意见书 关于北京中长石基信息技术股份有限公司 2025 年第二次临时股东大会的法律意见书 康达股会字【2025】第 0426 号 致：北京中长石基信息技术股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股 东会规则》（以下简称"《规则》"）、《北京中长石基信息技术股份有限公司章 程》（以下简称"《公司章程》"）及北京 ...

Group 1 - On September 24, a total of 26 companies were investigated by institutions, with 18 companies being surveyed by funds, indicating a strong interest in these firms [1] - Among the companies surveyed, Mintai Aluminum (601677) received the most attention, with 12 funds participating in the investigation, followed by Antai Technology (000969) and Dongsheng Technology (300073), each with 9 funds [1] - The surveyed companies are distributed across various sectors, with the most represented industries being electric equipment, automotive, and non-ferrous metals, each having three companies listed [1] Group 2 - In terms of market performance, 7 out of the surveyed stocks increased in value over the past five days, with Jin Tai Yang (300606) leading with a rise of 12.67%, followed by New Coordinates (603040) at 10.47% and Honghua Digital Science (9.68%) [2] - Conversely, 11 stocks experienced declines, with Yun Aluminum (000807) dropping by 7.46%, followed by Jingjin Electric and Shuangjie Electric (300444) with declines of 6.91% and 3.66% respectively [2] - Notably, Dongsheng Technology saw a net inflow of funds amounting to 291 million yuan over the past five days, indicating strong institutional interest [2]

Core Viewpoint - The announcement from Shiji Information on September 24 highlights that the rollout of cloud products in signed hotel groups is a gradual process, characterized by initial slow integration followed by faster adoption once certain milestones are achieved [1] Group 1 - The integration with hotel group systems is time-consuming and is the first step before the cloud product can be launched [1] - After integration, demonstration certification is required, which involves multiple brands completing certification for hotels in a designated area [1] - Once a series of demonstration hotels successfully go live, the speed of onboarding other hotels in that region increases significantly [1]

Core Viewpoint - The company is expanding its cloud products in international markets, with a focus on the Asia-Pacific region, followed by Europe and the United States, while not abandoning the U.S. market due to the presence of major hotel groups headquartered there [1]. Group 1 - The company has noted that familiarity with its products varies by region, leading to faster adoption of cloud products in the Asia-Pacific area compared to Europe and the U.S. [1] - The company has already surpassed the number of overseas client stores for its cloud POS products compared to domestic ones, including in the U.S. market [1]. - The cloud PMS products have been successfully launched in the U.S. at landmark luxury hotels, including Peninsula and Langham, and have signed contracts with major clients such as Marriott and InterContinental [1]. Group 2 - The company plans to leverage the demonstration effect of its benchmark clients to gradually penetrate overseas markets, including the U.S. [1].

Group 1 - The core product of the company in hotel management is the cloud PMS, which is determined by hotel management groups [1] - The company enters the procurement list of hotel management groups through signing a Master Service Agreement (MSA) [1] - The MSA includes a service agreement template that hotel owners must sign, as they need to procure information systems according to the standards set by the hotel management group [1]

Core Insights - The company Shiji Information announced on September 24 that its hotel system products utilize AI in two main areas: marketing assistance and integration into PMS and POS products [1] - The marketing AI generates revenue based on a percentage of the GMV produced through AI marketing tools, which has started to yield some income [1] - The AI integration in PMS and POS products aids in predictive analytics, with a knowledge base being developed to enhance prediction accuracy as more data is collected [1] - The company is actively leveraging AI in product development, with its European R&D center fully utilizing AI code generation tools to systematically assist in development [1] - Given that the company's products are transaction-processing operational systems, ensuring the security of AI-generated code is crucial for the company [1] - The company aims to improve development efficiency through the use of AI [1]

Core Viewpoint - The announcement from Shiji Information highlights the strategic partnership with Alibaba, emphasizing the complementary strengths in online and offline resources, and the support received from Alibaba in the company's platformization and globalization transformation efforts [1] Group 1: Business Cooperation - The collaboration with Alibaba is described as being at a strategic level, covering various fields including hotel, catering, retail information systems, and payment [1] - Shiji Information plays the role of a technology direct connection provider, facilitating the integration of online and offline information systems [1] Group 2: Support and Understanding - Alibaba's decision-making team has a deep understanding of the value and challenges associated with Shiji Information's current transformation efforts [1] - The partnership is characterized by trust and support from Alibaba, which is crucial for Shiji Information's ongoing initiatives [1]

Core Viewpoint - The growth of SaaS business revenue for Shiji Information is primarily driven by the accumulation of single hotel numbers that have adopted various cloud systems [1] Company Summary - Shiji Information announced on September 24 that its SaaS business revenue growth is significantly reliant on the increasing number of single hotels utilizing its cloud systems [1]

Core Viewpoint - The company announced that its SaaS business operates on a subscription fee model, with pricing based on the number of hotel rooms and the features utilized by clients [1] Group 1 - The company provides cloud PMS products that charge fees monthly based on the number of hotel rooms [1] - Pricing for the company's cloud products varies depending on the type of hotel service, such as Full Service and Limited Service [1]

Group 1: SaaS Business Model - The SaaS business charges subscription fees based on monthly usage and the number of hotel rooms [2] - Cloud PMS pricing varies depending on the type of hotel (Full Service vs. Limited Service) and the number of functional modules used [2] Group 2: Contractual Agreements - After signing the MSA with hotel management groups, individual hotels still need to negotiate service agreements [2] - The MSA includes a service agreement template that hotel owners must sign according to the management group's standards [2] Group 3: Revenue Growth Drivers - Revenue growth in the SaaS business relies on the accumulation of single hotel clients adopting various cloud systems [3] Group 4: Product Implementation - The implementation of cloud products in signed hotel groups follows a slow start, requiring system integration and certification before rapid deployment [4] - Once a certain number of demonstration hotels are successfully launched, the rollout speed for other hotels in the region increases [4] Group 5: Market Opportunities - The Asia-Pacific region shows faster adoption of cloud products due to higher familiarity, followed by Europe and then the U.S. [5] - The company has already signed landmark clients in the U.S., including Peninsula and Langham hotels, and aims to leverage these clients for market penetration [5] Group 6: Competitive Differentiation - DAYLIGHT PMS is designed as a platform for group clients, utilizing a microservices architecture that allows for external integration [6] - The system centralizes customer data, simplifying data management for hotel groups and ensuring compliance with local data security regulations [6] Group 7: Cloud Service Providers - The company primarily recommends using Amazon Cloud, with partnerships also established with Alibaba Cloud and Tencent Cloud [7] Group 8: Strategic Partnerships - The collaboration with Alibaba is strategic, covering various sectors including hotel, restaurant, and retail information systems [8] - Alibaba's decision-making team provides significant support and understanding of the company's platform and globalization transformation [8] Group 9: AI Integration - AI is being utilized in two main areas: marketing tools that generate revenue based on GMV and predictive analytics within PMS and POS products [9] - The company is actively using AI in product development to enhance efficiency, particularly in its European R&D center [9]