北京浩天（广州）律师事务所 法律意见书 北京浩天（广州）律师事务所 关于深圳市信维通信股份有限公司 二〇二四年年度股东大会 法律意见书 二〇二五年六月 广州市天河区天河北路 189 号中国市长大厦 1801 室 本所同意公司将本法律意见书随本次股东大会决议一并公告，且仅用于为公司 2024年年度股东大会见证之目的，不得用作任何其他目的。 本所律师根据《中华人民共和国公司法》（下称"《公司法》"）、《股东会 规则》等法律、法规及规范性文件的要求，按照律师行业公认的业务标准、道德规 范和勤勉尽责精神，对本次股东大会的召集、召开的有关事实及公司提供的相关文 件进行了核查、验证，并出席了本次股东大会，现出具法律意见如下： 北京浩天（广州）律师事务所 关于深圳市信维通信股份有限公司 2024 年年度股东大会之 法律意见书 （2025）粤浩律法字第 1040 号 致：深圳市信维通信股份有限公司 根据中国证监会发布的《上市公司股东会规则》（下称"《股东会规则》"） 的 有关规定，北京浩天（广州）律师事务所（下称"本所"）受深圳市信维通信股份有限 公司（下称"公司"）委托，指派律师出席公司2024年年度股东大会（下称"本次股 ...

Core Insights - The company is diversifying its market presence to enhance core competitiveness and mitigate operational risks, focusing on emerging strategic markets such as commercial satellite communication, smart vehicles, and IoT/smart home solutions [1] Group 1: Satellite Communication - The company has made significant progress in the satellite communication sector, successfully entering the global supply chain for leading satellite internet projects and providing high-speed connector products to North American clients [2] - There is a growing demand for satellite internet in remote areas and special scenarios, which presents substantial revenue growth potential for the company due to its strong RF technology foundation [2] - As a key supplier in the global satellite communication market, the company is well-positioned to support low Earth orbit satellite projects [2] Group 2: Smart Vehicles - The company is rapidly establishing its presence in the smart connected vehicle market, having obtained qualifications from multiple domestic and international OEMs and Tier 1 suppliers [3] - The product line includes high-performance millimeter-wave antenna solutions based on LCP materials, covering essential automotive electronic components [3] - With the expansion of smart connected vehicle testing zones and increasing penetration of new energy vehicles in China, the company's smart vehicle business is expected to become a significant growth driver [3] Group 3: Future Growth Strategy - The company is transitioning from a "consumer electronics leader" to a "diversified technology solution provider," with a focus on expanding its customer base and product offerings in commercial satellite communication, smart vehicle electronics, and IoT/smart home sectors [3] - Continuous investment in research and development, along with the establishment of technological barriers, is anticipated to accelerate the strategic benefits of the company's diversified layout over the next 2-3 years, unlocking broader growth opportunities [3]

Core Viewpoint - The performance growth of XW Communication has not continued, with a decline in both revenue and profit in Q1 2025, indicating challenges in new business areas and overall profitability [1][8]. Group 1: Financial Performance - In Q1 2025, XW Communication reported revenue of 1.743 billion yuan, a year-on-year decline of 6.19%, and a net profit of 77.49 million yuan, down 48.9% [8]. - The 2024 annual report showed revenue of 8.744 billion yuan, a year-on-year increase of 15.85%, and a net profit of 662 million yuan, up 26.89% [2]. - The contribution from the newly acquired Weishi Technology was significant, accounting for 23% of total revenue and 31% of net profit in 2024 [2]. Group 2: Business Expansion and Acquisitions - XW Communication has expanded its business from mobile terminal antennas to connectors, RF, and acoustic modules through acquisitions, including Weishi Technology in 2023 [1][3]. - The company has made several acquisitions since 2012, including the purchase of antenna supplier Yinzilai and other companies to diversify its product offerings [3]. Group 3: Market Performance - The company’s overseas revenue accounted for over 70% of total revenue in 2024, amounting to 6.402 billion yuan, a year-on-year increase of 4.29% [5]. - Domestic revenue reached 2.342 billion yuan in 2024, showing a significant growth of 66.2% [5]. Group 4: Profitability and Margins - The gross margin for XW Communication has been under pressure, with a decline in gross margins for both domestic and international markets [5][8]. - In Q1 2025, the gross margin was 19.47%, down 0.82 percentage points year-on-year [8]. Group 5: Cash Flow and Expenses - The net cash flow from operating activities in 2024 was 1.076 billion yuan, a decrease of 40.83% year-on-year, attributed to increased production costs [6]. - The growth in selling, research and development, and administrative expenses in Q1 2025 further squeezed the company's profit margins [9]. Group 6: Stock Performance and Market Confidence - XW Communication's stock price has been declining, with a drop of over 30% from its peak of 32 yuan per share in November 2023 to 22.12 yuan per share by June 2025 [10]. - The company initiated a share buyback program to boost market confidence, increasing the buyback amount to between 300 million and 600 million yuan [9][10].

Group 1: Company Overview and Financial Performance - The company specializes in antennas, wireless charging modules, EMI/EMC devices, precision connectors, acoustic devices, automotive interconnect products, and passive components, serving global tech giants in various fields including consumer electronics and satellite communication [1][2]. - In 2024, the company achieved a total revenue of approximately CNY 8.744 billion, representing a year-on-year growth of 15.85%, and a net profit of about CNY 662 million, with a year-on-year increase of 26.89% [2]. - R&D investment for 2024 was around CNY 708 million, accounting for 8.10% of total revenue, indicating a strong commitment to innovation [2]. Group 2: Market Position and Competitive Advantage - The company is recognized as a national high-tech enterprise and a core supplier of antennas for many tech firms, having been awarded the "Manufacturing Single Champion Enterprise" title by the Ministry of Industry and Information Technology in June 2024 [4]. - The company maintains a competitive edge through continuous R&D investment, with over 8% of annual revenue allocated to innovation, focusing on core materials and technologies [3][4]. Group 3: Challenges and Strategic Responses - The company faces challenges from fluctuating demand in the consumer electronics sector and competition in pricing, necessitating a focus on technological advancements and maintaining a leading position [3][6]. - To combat potential issues of fraud, the company emphasizes strong internal governance, including optimizing shareholding structure, enhancing board independence, and strengthening internal audits [6]. Group 4: Future Growth Opportunities - The company is exploring growth opportunities in emerging fields such as data centers, artificial intelligence, low-altitude flight, and humanoid robots, indicating a proactive approach to market trends [2]. - The company is optimistic about the commercial satellite communication sector and is already providing terminal equipment connectors and antenna products to North American clients, with plans to expand its offerings [8]. Group 5: Share Buyback and Market Confidence - The company initiated its first share buyback in 2024, which has positively impacted market confidence and stock price stability, with plans to continue this strategy as opportunities arise [7].

证券代码：300136 证券简称：信维通信 公告编号：2025-024 深圳市信维通信股份有限公司 关于股份回购进展情况的公告 （2）中国证监会及深圳证券交易所规定的其他情形。 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 深圳市信维通信股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日召开第 五届董事会第十次会议，审议通过了《关于回购公司股份方案的议案》，同意公司使 用不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含）的自有资金以 集中竞价交易方式回购公司股份，回购股份的价格不超过 25.00 元/股。具体内容详见 公司于 2024 年 8 月 22 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司 股份方案的公告暨回购报告书》。2025 年 4 月 28 日，公司召开第五届董事会第十四 次会议，审议通过了《关于调整回购股份方案的议案》，同意公司将本次回购股份的 资金总额由"不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含）"调 整至"不低于人民币 30,000 万 ...

证券代码：300136 证券简称：信维通信 公告编号:2025-026 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。 经深圳市信维通信股份有限公司（以下简称"公司"）第五届董事会第十五 次会议审议通过，决定于 2025 年 6 月 26 日（星期四）召开公司 2024 年度股东 大会。现将会议相关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会 2、召集人：公司董事会 深圳市信维通信股份有限公司 3、会议召开的合法、合规性：本次股东大会的召开符合有关法律、法规、 部门规章、规范性文件及《公司章程》的规定。 关于召开 2024 年度股东大会的通知 4、会议召开的日期、时间 （1）现场会议召开时间：2025 年 6 月 26 日（星期四）下午 14:00 6、会议的股权登记日：2025 年 6 月 20 日（星期五） 7、出席对象： （1）截至 2025 年 6 月 20 日下午 15:00 交易结束后，在中国证券登记结算 有限责任公司深圳分公司登记在册的全体公司股东，均有权出席本次股东大会并 参加表决；不能亲自出席本次股东大会 ...

证券代码：300136 证券简称：信维通信 公告编号：2025-025 一、董事会会议召开情况 深圳市信维通信股份有限公司（以下简称"公司"）第五届董事会第十五次 会议于 2025 年 6 月 5 日在公司会议室以现场和通讯表决方式召开。召开本次会 议的通知及会议资料于 2025 年 5 月 30 日以电话、直接送达等方式送达各位董 事。本次会议应参加表决的董事 9 名，实际参加表决的董事 9 名。 会议由公司董事长彭浩先生主持，公司监事、部分高级管理人员列席了本次 会议。本次会议的召开符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 与会董事就会议议案进行了审议、表决，形成了如下决议： 1、审议通过了《关于召开 2024 年度股东大会的议案》 深圳市信维通信股份有限公司 第五届董事会第十五次会议决议公告 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。 经公司第五届董事会第十五次会议审议通过，决定于 2025 年 6 月 26 日（星 期四）召开公司 2024 年度股东大会。 《关于召开 2024 年 度 股 东 大 会 的 通 知 》 详 见 ...

证券代码：300136 证券简称：信维通信 公告编号：2025-023 深圳市信维通信股份有限公司 关于参加深圳证券交易所"乘风远航・走向广阔新天地" 3、召开方式：视频直播与图文转播 4、公司出席人员：公司董事会秘书卢信先生 二、投资者问题征集方式 为充分尊重投资者、提升交流的针对性，现就本次业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可提前登陆深交所"互动 易"平台（http://irm.cninfo.com.cn）"云访谈"栏目进入本次业绩说明会页 面，或扫描二维码（附后）进入问题征集专题页面进行提问。公司将在本次业绩 说明会上对投资者普遍关注的问题进行回答。 2024年度集体业绩说明会的公告 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。 深圳市信维通信股份有限公司（以下简称"公司"）将于 2025 年 06 月 06 日 （星期五）15:00-17:00 参加由深圳证券交易所组织召开的以"乘风远航・走向 广阔新天地"为主题的集体业绩说明会活动，现将有关事项公告如下： 一、本次业绩说明会的安排 1、召开时间：2025 年 0 ...

Core Viewpoint - The satellite ETF (159206) is experiencing significant activity, driven by the recent announcement from the FCC to expand satellite communication frequency spectrum, which is expected to enhance the satellite communication industry and stimulate competition [1][2][3]. Group 1: Market Activity - As of May 29, the satellite ETF (159206) rose by 1.52% in early trading, with key component stocks such as Xinyisheng increasing by over 5% [1]. - The top-performing stocks within the ETF include: - Xinyisheng: +5.85%, trading volume of 30.34 million, market cap of 26.72 billion - Hangyuwei: +4.44%, trading volume of 15.80 million, market cap of 1.96 billion - Zhongji Xuchuang: +4.20%, trading volume of 21.36 million, market cap of 20.35 billion - Xinyu Communication: +3.94%, trading volume of 12.19 million, market cap of 2.68 billion - Shanghai Huanxun: +3.54%, trading volume of 9.87 million, market cap of 2.09 billion [2]. Group 2: Industry Developments - The FCC plans to release over 20,000 MHz of frequency resources to support the development of low Earth orbit (LEO) satellites and next-generation satellite broadband services, addressing the spectrum shortage faced by the commercial space and satellite internet sectors [3]. - Recent advancements in ground communication technology have achieved a record communication speed of 2100 Mbps in the X-band, marking a 75% increase in microwave communication code rate [3]. - The satellite internet sector is rapidly evolving, with regular satellite launches increasing communication capacity and reducing latency, paving the way for applications like direct satellite connections for mobile broadband and intelligent driving systems [3]. Group 3: Future Outlook - The satellite communication industry is positioned as a foundational technology for the development of 6G, vehicle networking, and the Internet of Things (IoT) [3]. - The Chinese satellite industry is expected to enter a phase of mass satellite deployment by 2025, with both state-owned and private enterprises collaborating on low-cost satellite manufacturing [3].

Group 1 - The wireless charging concept sector rose by 0.11%, ranking 6th among concept sectors, with 17 stocks increasing in value, including Wangzi New Materials, which hit the daily limit, and others like Luguang Technology, Xidi Micro, and Xinrui Technology, which rose by 14.15%, 10.76%, and 6.63% respectively [1][2] - The leading decliners in the wireless charging sector included Wan'an Technology, Junsheng Electronics, and Xinwanda, which fell by 9.45%, 3.53%, and 3.17% respectively [1][2] Group 2 - In terms of capital flow, the wireless charging concept sector experienced a net outflow of 141 million yuan, with 24 stocks seeing net inflows, and 6 stocks receiving over 30 million yuan in net inflows [2] - Wangzi New Materials led the net inflow with 298 million yuan, followed by Xinyi Communication, Haier Smart Home, and Antai Technology, which saw net inflows of 70.79 million yuan, 63.82 million yuan, and 60.23 million yuan respectively [2][3] Group 3 - The top stocks by net inflow ratio included Antai Technology, Haier Smart Home, and Wangzi New Materials, with net inflow ratios of 12.09%, 10.23%, and 9.41% respectively [3] - The detailed capital flow data for the wireless charging concept stocks showed significant trading activity, with Wangzi New Materials having a turnover rate of 67.11% and a daily increase of 10.02% [3]