Core Viewpoint - The article discusses the recent fluctuations in the A-share market, highlighting the impact of U.S.-Vietnam trade agreements and the performance of specific sectors, particularly consumer electronics and innovative pharmaceuticals. Market Overview - The A-share market experienced a rebound, with the Shanghai Composite Index rising by 0.18%, the Shenzhen Component Index increasing by 1.17%, and the ChiNext Index up by 1.9% [5] - The total market turnover was 13,336 billion, a decrease of 716 billion from the previous day, with over 3,200 stocks rising [5] - A total of 66 stocks hit the daily limit up, with 14 stocks achieving consecutive limit ups, the highest being six consecutive limit ups [5] Sector Performance - The consumer electronics sector saw a collective surge, with stocks like Industrial Fulian, New Asia Electronics, and Chaoyang Technology hitting the daily limit up [5] - The PCB sector also rebounded, with stocks such as Zhongjing Electronics, Bomin Electronics, and Yihua New Materials reaching the daily limit up, driven by speculation on future demand for AI-PCB [5] - Innovative pharmaceutical stocks continued their strong performance, with companies like Guosheng Tang and Changchun High-tech also hitting the daily limit up [5] Trade Policy Impact - The U.S. has lifted restrictions on EDA and ethane exports to China, while Trump announced a trade agreement with Vietnam, which will impose a 20% tariff on Vietnamese exports to the U.S. [1][2] - This policy shift is seen as beneficial for consumer electronics companies with operations in Vietnam, such as Luxshare Precision, which had previously invested in production capacity there [2] Investment Trends - Morgan Stanley's MSCI China Index has risen by 32% over the past year, indicating a recovery in consumer spending and addressing overcapacity issues [7] - The article notes that the current market environment is conducive to a potential supply-side reform, with a focus on key sectors such as automotive, materials, and technology [8][9] Capital Market Dynamics - The article highlights that despite the return to average price-to-earnings ratios, the equity risk premium remains high, suggesting that the Chinese stock market is still undervalued [9] - The low interest rates are expected to continue, with predictions of further rate cuts, which could lead to a shift in investment towards growth stocks as overall return on equity improves [9]

Group 1 - The consumer electronics sector is experiencing a significant rise, with stocks such as XinYa Electronics (605277) and Chaoyang Technology (002981) hitting the daily limit up [1] - Industrial Fulian (601138) has seen an increase of over 8%, while ShuoBeide (300322) and Lens Technology (300433) are among the top gainers [1] - There is a notable influx of dark pool funds into these stocks, indicating strong investor interest [1]

证券代码：002981 证券简称：朝阳科技 公告编号：2025-037 广东朝阳电子科技股份有限公司 关于 2022 年股票期权激励计划已解锁但到期未行权 广东朝阳电子科技股份有限公司（以下简称"公司"）于 2025 年 6 月 25 日 召开第四届董事会第四次会议和第四届监事会第四次会议，审议通过了《关于注 销 2022 年股票期权激励计划已解锁但到期未行权股票期权的议案》，同意注销 2022 年股票期权激励计划已解锁但到期未行权股票期权共计 2.52 万份。具体情 况如下： 鉴于公司 2022 年股票期权激励计划首次授予第二个行权期可行权期限已于 2025 年 6 月 19 日届满，在可行权期内，45 名激励对象自主行权共计 78.2499 万 份股票期权，1 名激励对象到期未行权，未行权的股票期权数量为 2.52 万份， 董事会决定注销该名激励对象已获授但尚未行权的 2.52 万份股票期权。具体内 容详见公司于 2025 年 6 月 26 日刊登在巨潮资讯网上的《关于注销 2022 年股票 期权激励计划已解锁但到期未行权股票期权的公告》（公告编号：2025-035）。 经中国证券登记结算有限责任公司深圳 ...

Core Viewpoint - The company announced the cancellation of stock options from the 2022 stock option incentive plan that were unlocked but not exercised by the expiration date, specifically 25,200 stock options from one incentive recipient [1][7]. Group 1: Stock Option Incentive Plan Overview - The company held board and supervisory meetings to approve the stock option incentive plan and its related management measures in April 2022 [1][2]. - The incentive recipients' names and positions were publicly disclosed without any objections during the public notice period [2]. - The company completed the registration of the first grant of stock options under the incentive plan by June 2022 [3][4]. Group 2: Cancellation Process - The second exercise period for the stock options expired on June 19, 2025, with 45 recipients exercising a total of 782,499 stock options, while one recipient did not exercise their 25,200 options [6][7]. - The cancellation of the unexercised stock options is in accordance with the relevant regulations and will not significantly impact the company's financial status or operational results [7]. Group 3: Legal and Compliance - The supervisory board confirmed that the cancellation of the stock options complies with the relevant regulations and does not harm the interests of the company or its shareholders [7]. - Legal opinions affirm that the cancellation has received necessary approvals and adheres to applicable laws and regulations [8].

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng (Guangzhou) Law Firm confirms the necessary approvals and compliance with relevant laws for the cancellation of certain stock options under the 2022 stock option incentive plan of Guangdong Chaoyang Electronic Technology Co., Ltd. [1][4][16] Group 1: Approval and Authorization of Cancellation - On April 13, 2022, the company's board approved the stock option incentive plan and related proposals, with related directors abstaining from voting [6][8] - The supervisory board also approved the incentive plan and confirmed the qualifications of the incentive objects [6][11] - The independent directors expressed that the incentive plan would benefit the company's sustainable development and did not harm the interests of the company and shareholders [6][8] Group 2: Details of the Incentive Plan and Cancellations - The initial grant of stock options was adjusted from 63 to 61 individuals, and the first grant was registered on June 20, 2022 [9][10] - On April 21, 2023, the board approved the cancellation of 1,074,550 stock options due to unmet exercise conditions and the departure of certain incentive objects [10][11] - The cancellation was confirmed in a public announcement on May 6, 2023 [11] Group 3: Compliance with Regulations - The legal opinion asserts that the cancellation aligns with the Company Law, Securities Law, and relevant incentive management regulations [16][17] - The company is required to fulfill information disclosure procedures and complete the stock option cancellation process as per the regulations [18]

证券代码：002981 证券简称：朝阳科技 公告编号：2025-036 广东朝阳电子科技股份有限公司 关于 2025 年度日常关联交易预计的公告 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、日常关联交易基本情况 （一）日常关联交易概述 广东朝阳电子科技股份有限公司（以下简称"公司"）因日常经营需要，由 全资子公司星联技术（广东）有限公司（以下简称"星联技术"）向关联方苏州 优瑞信电子科技有限公司（以下简称"优瑞信"）采购商品，预计 2025 年度子 公司星联技术与优瑞信发生日常关联交易金额不超过 4,000 万元。2024 年度星 联技术与优瑞信实际发生的日常关联交易金额为 111.7354 万元。 公司于 2025 年 6 月 25 日召开第四届董事会第四次会议和第四届监事会第 四次会议，审议通过了《关于 2025 年度日常关联交易预计的议案》，关联董事 徐林浙先生对本议案回避表决。该议案已经独立董事专门会议审议，并获得独立 董事一致同意。 根据《深圳证券交易所股票上市规则》及《公司章程》的相关规定，本次关 联交易事项在董事会审批权限内，无需提交股东 ...

广东朝阳电子科技股份有限公司 关于注销 2022 年股票期权激励计划已解锁 但到期未行权股票期权的公告 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。 广东朝阳电子科技股份有限公司（以下简称"公司"）于 2025 年 6 月 25 日召开第四届董事会第四次会议和第四届监事会第四次会议，审议通过了《关于 注销 2022 年股票期权激励计划已解锁但到期未行权股票期权的议案》。因 2022 年股票期权激励计划首次授予第二个行权期可行权期限于 2025 年 6 月 19 日届满， 公司拟注销首次授予激励对象已获授但未在可行权期内行权的股票期权共计 2.52 万份。现将有关事项说明如下： 一、本激励计划已履行的审批程序和实施情况 （一）2022 年 4 月 13 日，公司召开了第三届董事会第三次会议，审议通过 了《关于<2022 年股票期权激励计划（草案）>及摘要的议案》、《关于<2022 年股票期权激励计划考核管理办法>的议案》、《关于提请股东大会授权董事会 办理 2022 年股票期权激励计划相关事项的议案》，公司独立董事对此发表了独 立意见。同日，公司召开了第三届监 ...

地址：广州市天河区珠江西路 5 号广州国际金融中心第 60 层 电话：020-89281168 传真：020-89285188 邮编：510623 上海锦天城（广州）律师事务所 关于广东朝阳电子科技股份有限公司 注销部分 2022 年股票期权激励计划股票期权相关事宜的 法律意见书 上海锦天城（广州）律师事务所 法律意见书 上海锦天城（广州）律师事务所 关于广东朝阳电子科技股份有限公司 注销部分2022年股票期权激励计划股票期权相关事宜的 法律意见书 致：广东朝阳电子科技股份有限公司 上海锦天城（广州）律师事务所（下称"本所"）接受广东朝阳电子科技股 份有限公司（下称"公司"或"朝阳科技"）的委托，作为公司2022年股票期权 激励计划（下称"本次股权激励"或"本次激励计划"）的专项法律顾问并出具 法律意见。 本所根据《中华人民共和国公司法》（下称"《公司法》"）、《中华人民 共和国证券法》（下称"《证券法》"）、《上市公司股权激励管理办法》（下 称"《激励管理办法》"）及《深圳证券交易所上市公司自律监管指南第1号— —业务办理（2025年修订）》（下称"《自律监管指南》"）等有关法律、法规 及其他规范性文件的规 ...

证券代码：002981 证券简称：朝阳科技 公告编号：2025-036 广东朝阳电子科技股份有限公司 关于 2025 年度日常关联交易预计的公告 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、日常关联交易基本情况 （一）日常关联交易概述 广东朝阳电子科技股份有限公司（以下简称"公司"）因日常经营需要，由 全资子公司星联技术（广东）有限公司（以下简称"星联技术"）向关联方苏州 优瑞信电子科技有限公司（以下简称"优瑞信"）采购商品，预计 2025 年度子 公司星联技术与优瑞信发生日常关联交易金额不超过 4,000 万元。2024 年度星 联技术与优瑞信实际发生的日常关联交易金额为 111.7354 万元。 | 向关联方销售 | 优瑞信 | 商品 | 0.3690 | - | 0.0003 | - | - | | --- | --- | --- | --- | --- | --- | --- | --- | | 厦门市 | | | | | | | | | 向关联人销售 | 鑫鸿泰 电子科 | 向关联方销售 | 151.5736 | - | 2.2445 | - ...

证券代码：002981 证券简称：朝阳科技 公告编号：2025-034 广东朝阳电子科技股份有限公司 第四届监事会第四次会议决议公告 本公司及监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、监事会会议召开情况 1、本次会议通知已于 2025 年 6 月 20 日由专人送达至每位监事； 2、本次监事会于 2025 年 6 月 25 日以现场和通讯相结合的方式在公司会议 室召开； 3、本次监事会应参加会议监事 3 人，实际参加会议监事 3 人（监事肖坤先 生以通讯方式出席会议）； 4、本次会议由监事会主席陈是建先生主持，公司全体监事出席、会议记录 人员列席； 5、本次会议的召开符合有关法律法规和《广东朝阳电子科技股份有限公司 章程》的规定。 二、监事会会议审议情况 1、审议并通过《关于注销 2022 年股票期权激励计划已解锁但到期未行权股 票期权的议案》 监事会认为：公司 2022 年股票期权激励计划首次授予第二个行权期可行权 期限已届满，同意公司注销首次授予激励对象已获授但未在可行权期内行权的股 票期权共计 2.52 万份。本次注销股票期权事项符合《上市公司股权激励 ...