北京市君合（深圳）律师事务所 关于光启技术股份有限公司 广东省深圳市福田区中心四路 1-1 号 嘉里建设广场第三座第 28 层 2803-04 室 邮编：518048 电话：（86-755）2939-5288 传真：（86-755）2939-5289 junhesz@junhe.com 2025 年第四次临时股东会的法律意见书 致：光启技术股份有限公司 北京市君合（深圳）律师事务所（以下简称"本所"）接受光启技术股份有限 公司（以下简称"贵公司"或"公司"）的委托，就贵公司 2025 年第四次临时股东会 （以下简称"本次股东会"）召开的有关事宜，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》、中国证券监督管理委员会颁布 的《上市公司股东会规则》（以下简称"《股东会规则》"）等中国现行法律、法规、 规章、规范性文件（以下简称"中国法律、法规"，仅为本法律意见书法律适用 之目的，不包括中国香港特别行政区、中国澳门特别行政区及中国台湾省的法律 法规）及现行《光启技术股份有限公司章程》（以下简称"《公司章程》"）的有关 规定，出具本法律意见书。 本法律意见书仅就本次股东会的召集和召 ...

证券代码：002625 证券简称：光启技术 公告编号：2025-086 光启技术股份有限公司 2025年第四次临时股东会会议决议公告 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。 特别提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、召集人：光启技术股份有限公司第五届董事会； 2、召开方式：现场投票与网络投票相结合； 3、会议召开时间： （1）现场会议召开时间：2025 年 10 月 13 日（星期一）下午 14:30 开始； （2）网络投票时间：2025 年 10 月 13 日 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 10 月 13 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00； 通过深圳证券交易所互联网投票系统进行网络投票的时间为 2025 年 10 月 13 日上午 9:15 至下午 15:00 的任意时间。 4、现场会议召开地点：深圳市南山区高新中一道 9 号软件大厦三层会议室。 本次股东会采取现场投票与网络投票相结 ...

Core Points - On October 13, 2023, Guangqi Technology executed four block trades totaling 6.20 million shares, with a transaction value of 299 million yuan, at a price of 48.17 yuan, reflecting a discount of 2.49% compared to the closing price of the day [2] - Over the past three months, the stock has seen a total of 68 block trades, accumulating a transaction value of 5.26 billion yuan [2] - The closing price of Guangqi Technology on the same day was 49.40 yuan, marking an increase of 0.82%, with a daily turnover rate of 2.01% and a total transaction amount of 2.12 billion yuan, while there was a net outflow of 166 million yuan in main funds [2] - In the last five days, the stock has risen by 2.40%, with a total net outflow of 810 million yuan [2] - The latest margin financing balance for the stock is 7.91 billion yuan, which has increased by 290 million yuan over the past five days, representing a growth of 3.80% [2] - Guangqi Technology Co., Ltd. was established on July 18, 2001, with a registered capital of 2.15 billion yuan [2] Block Trade Summary - The block trades on October 13 included: - 261,000 shares traded for 125.72 million yuan at 48.17 yuan, with a discount of 2.49% [2] - 199,000 shares traded for 95.86 million yuan at 48.17 yuan, with a discount of 2.49% [2] - 85,000 shares traded for 40.94 million yuan at 48.17 yuan, with a discount of 2.49% [2] - 75,000 shares traded for 36.13 million yuan at 48.17 yuan, with a discount of 2.49% [2]

Summary of Key Points Core Viewpoint - On October 13, Guangqi Technology executed a block trade of 6.2 million shares, amounting to 299 million yuan, which represented 12.35% of the total trading volume for that day. The transaction price was 48.17 yuan, reflecting a discount of 2.49% compared to the market closing price of 49.4 yuan [1]. Trading Details - The block trade involved multiple transactions with varying volumes and values, all at the same price of 48.17 yuan per share [2]. - The largest transaction was for 199,000 shares, valued at approximately 95.86 million yuan, executed by Xinjian Investment Securities [2]. - Other notable transactions included 75,000 shares for 36.13 million yuan and 261,000 shares for 125.72 million yuan, both also executed by various branches of CITIC Securities [2].

Core Viewpoint - Guangqi Technology has signed contracts totaling 516 million yuan for the mass production of metamaterial products, reflecting a significant increase in demand and setting a new record for the company's annual order amount [2][4]. Group 1: Orders and Demand - The company reported a total order amount of nearly 2.6 billion yuan in the first three quarters of the year, breaking its historical record for annual orders [2]. - In just one month, Guangqi Technology disclosed orders amounting to 1.794 billion yuan, which accounts for over 70% of the total signed amount in the first three quarters, indicating a rapid acceleration in order delivery and strong downstream demand [2][4]. - The orders for metamaterials are characterized by a fast release frequency and short delivery cycles, driven by the urgent need for advanced equipment modernization [2][4]. Group 2: Production Capacity and Technological Readiness - In response to the surging demand, the company is enhancing its production capacity and technological capabilities, focusing on the production of next-generation metamaterial aerospace structures [3]. - Guangqi Technology has established multiple new bases, including Zhuzhou, Tianjin, and Leshan, which are set to commence operations in the second half of this year, effectively addressing the large-scale release and delivery of orders [3]. Group 3: Industry Outlook - The surge in orders for Guangqi Technology is indicative of the overall high prosperity in the defense advanced equipment sector, with the modernization of defense equipment entering a critical phase as part of the 14th Five-Year Plan [4]. - Analysts expect a recovery in the military industry’s fundamentals, with significant orders expected to be disclosed in the second half of the year, enhancing market optimism for long-term demand in the military sector [4]. - The transition from policy-driven growth to a dual-driven model of demand and technology is anticipated to further boost the military industry, particularly with the integration of new and upgraded equipment [4]. Group 4: Competitive Advantage - The metamaterial aerospace structure products are considered the company's flagship products, characterized by high customer loyalty and significant technological barriers [5]. - Guangqi Technology is leveraging an "order feedback to R&D" model to strengthen its technological moat, allowing for accelerated technological iterations and reinforcing its core position in the customer supply chain [5]. - The continuous landing of mass production orders is expected to support the company's capacity release, technological breakthroughs, and enhancement of market competitiveness in the coming years [5].

Core Points - Company Guangqi Technology (002625) announced the signing of contracts totaling 516 million yuan for the mass production of metamaterials products [1] - The contracts involve 272 million yuan and 244 million yuan for metamaterial aerospace structural products, with delivery expected to be completed by June 30, 2026 [1] - There are potential risks associated with contract fulfillment, including the possibility of non-fulfillment or termination due to unforeseen factors [1]

Group 1: Trade Policies and Regulations - The Chinese Ministry of Commerce responded to the U.S. threat of imposing a 100% tariff on certain exports, stating that China does not wish to engage in a trade war but is prepared to defend its interests [2] - China announced export controls on rare earth materials, emphasizing that these measures are a legitimate action to enhance its export control system and are not a ban on exports [3][5] - The new regulations specify that exports for military purposes will generally not be permitted, while applications for civilian uses will be reviewed on a case-by-case basis [5] Group 2: Market Reactions and Economic Impact - The U.S. has over 3,000 items on its export control list, while China has only about 900, indicating a disparity in the scope of export controls [2] - The recent tensions and export controls are expected to significantly impact international trade and supply chain stability, particularly in the semiconductor and technology sectors [2][3] Group 3: Corporate Developments - Qualcomm is under investigation by China's market regulatory authority for potential violations of antitrust laws, highlighting ongoing scrutiny of foreign companies operating in China [6] - The Dutch government has taken action against Wintech's subsidiary, Nexperia, freezing its control over certain assets and requiring adjustments to its operations [7] Group 4: Industry Trends - The Chinese government is focusing on enhancing its information infrastructure and promoting the integration of AI with manufacturing, which may create new opportunities in the tech sector [9] - The housing sector has seen significant developments, with over 50 billion square meters of new residential space sold and substantial improvements in housing conditions during the 14th Five-Year Plan [11]

Core Insights - Guangqi Technology has signed contracts totaling 516 million yuan for metamaterial products, with deliveries expected by June 30, 2026, marking a significant increase in order volume [1] - The company has reported nearly 2.6 billion yuan in total orders for the first three quarters of the year, setting a new annual record [1] - Recent order announcements reflect a rapid increase in order delivery pace and strong downstream demand for metamaterials [1] Company Developments - Guangqi Technology is enhancing its production capacity and technology in response to rising demand, focusing on the production of next-generation metamaterial aerospace structures [2] - The company has established multiple production bases, including Zhuzhou, Tianjin, and Leshan, to effectively manage large-scale order releases and deliveries [2] - As a leader in the domestic metamaterials industry, Guangqi Technology has developed a comprehensive capability from design to testing, achieving international leading technical standards [2] Strategic Positioning - The metamaterial aerospace structure products are considered key offerings in the advanced equipment sector, characterized by high customer loyalty and significant technical barriers [2] - The company is leveraging an "order feedback into R&D" model to strengthen its technological moat, allowing for accelerated technology iteration and reinforcing its core position in the customer supply chain [2] - The ongoing production of bulk orders is expected to support the company's capacity release, technological breakthroughs, and enhancement of market competitiveness in the coming years [2]

Core Viewpoint - The company, Guangqi Technology, has signed substantial contracts for the production of metamaterials, indicating a strong demand and potential revenue growth for the upcoming years [1] Group 1: Contract Details - Guangqi Technology's wholly-owned subsidiary, Shenzhen Guangqi Advanced Technology Co., Ltd., has entered into a mass production contract for metamaterials worth a total of 272 million yuan with one client [1] - Additionally, the subsidiary has signed another contract with a different client for a total of 244 million yuan for metamaterials [1] - The cumulative value of contracts signed recently amounts to 516 million yuan, reflecting significant business activity in the metamaterials sector [1] Group 2: Financial Impact - The signing and execution of these contracts are expected to have a positive impact on the company's operating performance for the current year and into 2026 [1]

Core Viewpoint - The company, Guangqi Technology, has signed contracts totaling 516 million yuan for the mass production of metamaterials, which is expected to impact its financial performance in the current year and in 2026 [1] Group 1 - Guangqi Technology's wholly-owned subsidiary, Shenzhen Guangqi Advanced Technology Co., Ltd., has entered into a contract worth 272 million yuan with one client for metamaterial products [1] - The subsidiary has also signed another contract worth 244 million yuan with a different client for the same product category [1] - The cumulative contracts signed recently amount to 516 million yuan, indicating strong demand for the company's metamaterial products [1]