Core Viewpoint - The company has been investing in quantum computing since 2018, establishing strategic partnerships and applying research outcomes to various security products [1] Group 1: Investment and Strategic Partnerships - The company began its investment and layout in the quantum computing field in 2018 [1] - It invested in Anhui Wentiang Quantum and established a strategic cooperation with them [1] - In 2025, the company formed a strategic partnership with Xintong Quantum to enhance security products [1] Group 2: Application of Research Outcomes - The company has applied its research results in quantum cryptography, including quantum password communication, authentication, signing, and key generation, to products such as VPNs, bastion hosts, and signature verification servers [1] - The company is promoting deep adaptation of its security products with Xintong Quantum's quantum security service platform [1] - It is conducting application pilot projects with provincial and municipal mobile companies, aiming to create standardized implementation plans based on pilot experiences for large-scale replication in various industries [1]

Meeting Overview - The 29th meeting of the 7th Board of Directors of Tianrongxin Technology Group Co., Ltd. was held on December 10, 2025, via telecommunication voting, with all 9 directors present [2] - The meeting was chaired by Chairwoman Li Xueying and complied with the relevant regulations of the Company Law and the company's articles of association [2] Resolutions Passed - The board unanimously approved the proposal to supplement the nomination committee of the board, with 9 votes in favor, 0 against, and 0 abstentions [3] - Director and Deputy General Manager Wu Yabiao submitted his resignation on December 9, 2025, due to adjustments in the company's governance structure, effective immediately upon receipt of the resignation [3][10] - Wu Yabiao will continue to hold relevant positions in the company's wholly-owned subsidiaries after his resignation [3][10] Employee Representative Director Election - To ensure the board's proper operation, the company held the 2025 second employee representative assembly on December 9, 2025, which approved the election of Wu Yabiao as an employee representative director [3][12] - Wu Yabiao's term as an employee representative director will last until the end of the 7th Board of Directors' term [12] Nomination Committee Supplementation - The board agreed to supplement Wu Yabiao as a member of the nomination committee, with his term aligning with that of the 7th Board of Directors, effective from the date of the board's approval [4][12] Background of Wu Yabiao - Wu Yabiao, born in 1971, has held various positions in Tianrongxin since 1997, including Senior Engineer, Chief Engineer, and Deputy General Manager [7][15] - He has been involved in numerous national research and industrialization projects, receiving multiple awards for his contributions [7][15]

证券代码：002212 证券简称：天融信 公告编号：2025-068 天融信科技集团股份有限公司 关于非独立董事、副总经理离任暨选举职工代表董事及补选 董事会提名委员会委员的公告 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。 一、非独立董事、副总经理离任情况 天融信科技集团股份有限公司（以下简称"公司"）于 2025 年 12 月 9 日收到董事、 副总经理吴亚飚先生的辞职报告。因公司治理结构调整，吴亚飚先生向公司董事会申请 辞去公司董事、副总经理职务以及董事会提名委员会委员的职务。吴亚飚先生原定的董 事任期为 2023 年 10 月 20 日至 2026 年 10 月 19 日，副总经理任期为 2023 年 10 月 23 日至 2026 年 10 月 19 日，其辞任自公司收到辞职报告之日生效。辞任后，吴亚飚先生 继续在公司全资子公司及全资孙公司担任相关职务。 吴亚飚先生的辞任未导致公司董事会成员低于法定最低人数。截至本公告披露日， 吴亚飚先生直接持有公司股份 8,201,061 股，不存在应履行而未履行的承诺事项。 二、职工代表董事选举情况 为确保董事 ...

为确保董事会的规范运作，根据《公司法》《深圳证券交易所股票上市规则》《深圳证 券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》及《公司章程》等有 关规定，公司于 2025 年 12 月 9 日召开 2025 年第二次职工代表大会，经职工代表大会审 议，同意选举吴亚飚先生为公司第七届董事会职工代表董事，任期自本次职工代表大会选 举通过之日起至第七届董事会任期届满之日止。 1 证券代码：002212 证券简称：天融信 公告编号：2025-067 天融信科技集团股份有限公司 第七届董事会第二十九次会议决议公告 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。 一、会议召开情况 天融信科技集团股份有限公司（以下简称"公司"）第七届董事会第二十九次会议于 2025 年 12 月 10 日以通讯表决方式召开，会议通知于 2025 年 12 月 9 日以直接送达、电 子邮件等方式向全体董事发出，全体董事对会议通知发出时间无异议。公司应出席会议董 事 9 名，实际出席会议董事 9 名，会议由董事长李雪莹女士主持，公司高级管理人员列席 了本次会议。本次会议的召集和 ...

Core Viewpoint - The company is actively investing in new technologies and directions such as AI+security, intelligent computing cloud, trusted computing security, data security, cloud security, industrial internet security, vehicle networking security, and internet of things security, establishing a comprehensive security product system and integrated solutions for intelligent computing cloud [1] Group 1 - The company has formed a full-stack security product system covering "cloud, management, edge, and terminal" [1] - The company has achieved large-scale applications across multiple industries [1]

Group 1 - The company has collaborations with leading firms such as Huawei and Alibaba in areas like cybersecurity and data security [2] - Partnerships include joint promotion of domestic security products, smart cloud solutions, vulnerability detection, and compatibility certification [2] - Currently, the revenue from these collaborations constitutes a relatively small proportion of the company's overall revenue [2] Group 2 - The company's firewall, VPN, WAF, and EDR virtualization security products are now available on the Alibaba Cloud marketplace [2] - These products aim to provide cloud security assurance to customers [2]

Meeting Overview - The fourth extraordinary general meeting of shareholders for Tianrongxin Technology Group Co., Ltd. was held on December 8, 2025, with both on-site and online voting options available [1][2] - The meeting was convened by the company's board of directors and chaired by Chairwoman Li Xueying [2] Attendance - A total of 890 shareholders and their proxies attended the meeting, representing 74,178,205 shares, which is 6.2892% of the total voting shares [3] - Among the attendees, 3 shareholders voted on-site, representing 59,233,669 shares (5.0221%), while 887 shareholders voted online, representing 14,944,536 shares (1.2671%) [3] Proposal Voting Results - The meeting approved a proposal to amend the company's articles of association and governance systems, with 72,994,403 votes in favor, accounting for 98.4041% of the valid votes [6] - The proposal for the "Rules of Procedure for Shareholders' Meetings" received 67,462,045 votes in favor, representing 90.9459% [7] - The "Rules of Procedure for Board Meetings" was approved with 66,416,282 votes in favor, which is 89.5361% [8] - The "Management Measures for Related Party Transactions" proposal was supported by 67,456,445 votes, or 90.9384% [9] - The "Management System for Major Transactions" received 67,412,945 votes in favor, representing 90.8797% [10] - The "Management System for External Guarantees" was approved with 67,301,445 votes in favor, accounting for 90.7294% [11] - The "Working Rules for Independent Directors" received 66,400,082 votes in favor, which is 89.5143% [12] - The "Compensation Management System for Directors and Senior Management" was approved with 72,765,503 votes in favor, representing 98.0955% [13] Legal Opinion - The meeting's procedures, conveners, and voting results were confirmed to be in compliance with relevant laws and regulations by Guo Jia and Li Shasha from Guohao Law Firm (Guangzhou) [14]

2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 （一）会议召开时间： 证券代码：002212 证券简称：天融信 公告编号：2025-066 天融信科技集团股份有限公司 2025 年第四次临时股东会决议公告 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。 特别提示： 1、本次股东会未出现否决提案的情形。 出席本次会议的股东和股东代理人共计 890 人，代表股份数量 74,178,205 股，占公司有表 决权股份总数的 6.2892%。其中：通过现场投票的股东及股东代理人 3 人，代表股份数量 1 1、现场会议召开时间：2025 年 12 月 8 日 14:30 2、网络投票时间：2025 年 12 月 8 日 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年12月8日9:15-9:25、 9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投票的具体时间为：2025年12月8日9:15 至15:00期间的任意时间。 （二）现场会议召开地点：广东省汕头市金平区龙光世纪海岸 LCC 写字楼 6 栋 1407 （三） ...

北 京 上 海 深 圳 杭 州 广 州 昆 明 天 津 成 都 宁 波 福 州 西 安 南 京 南 宁 济 南 重 庆 苏 州 长 沙 太 原 武 汉 贵 阳 乌 鲁 木 齐 郑 州 石 家 庄 合 肥 海 南 青 岛 南 昌 大 连 银 川 拉 孜 香 港 巴 黎 马 德 里 斯 德 哥 尔 摩 纽 约 马 来 西 亚 柬 埔 寨 乌 兹 别 克 斯 坦 哈 萨 克 斯 坦 广州市天河区华夏路 32 号太平洋金融大厦 19 楼 邮编：510620 电话：(+86)(20) 3879 9346 、38799348 传真：(+86)(20) 3879 9348-200 国浩律师(广州)事务所 关于天融信科技集团股份有限公司 2025 年第四次临时股东会的法律意见 天融信科技集团股份有限公司： 根据中国证券监督管理委员会发布的《上市公司股东会规则》(以下简称《股 东会规则》)的要求，国浩律师(广州)事务所(以下简称"本所")接受天融信科 技集团股份有限公司(以下简称"天融信")的委托，指派郭佳、李莎莎律师(以 下简称"本所律师")出席天融信 2025 年第四次临时股东会(以下简称"本次股 东会")，对本次股东会的 ...

Core Viewpoint - The A-share market experienced its first significant adjustment after a slow bull run in November, with various brokerages providing research reports that serve as important guides for understanding company values and predicting future trends [2][9]. Group 1: Key Insights from Citic Securities - Citic Securities believes the market adjustment may present a good opportunity for building positions, with a focus on structural selection amid macroeconomic challenges [2][3]. - In November, Citic Securities covered 186 listed companies, with the highest target price increase for Great Wall Motors at 73.52%, indicating significant upside potential [3][5]. Group 2: High Target Price Companies from Huatai Securities - Huatai Securities identified seven major investment themes for 2026, with 27 companies having target price increases exceeding 50%, including SAIC Motor and China State Construction [7][8]. - Notably, Huatai Securities adjusted the target price for SMIC from 238 yuan to 196 yuan, still reflecting a 72.54% upside potential [7]. Group 3: Insights from Guotai Junan - Guotai Junan sees a favorable window for policy and liquidity in late 2025 to early 2026, with 23 companies having target price increases over 50%, led by Beijing Human Resources with a target price of 35.6 yuan [9][10]. - The company has seen a decline of 5.68% this year despite the bullish outlook [9]. Group 4: Focus on Baijiu Stocks from Huachuang Securities - Huachuang Securities maintains an optimistic long-term outlook, particularly for liquor stocks, with 10 companies having target price increases over 50%, including Kweichow Moutai with a target price of 2600 yuan [11][13]. - Kweichow Moutai has repurchased over 6 billion yuan worth of shares this year, indicating strong confidence in its future performance [11]. Group 5: Insights from Guotou Securities - Guotou Securities highlighted a structural shift in the A-share market, with 2 companies having target price increases over 50%, including Yunda Co. with a target price of 27.94 yuan [15][16]. - The firm anticipates significant profit recovery in wind turbine manufacturing due to rising prices [15]. Group 6: Insights from Dongfang Securities - Dongfang Securities covered 74 companies in November, with 3 having target price increases over 50%, including Aikodi with a target price of 30.5 yuan [17][21]. - The company is expected to expand its robot parts product matrix, projecting significant profit growth in the coming years [17].