北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编：100007 12th Floor, Raffles City Beijing Offices Tower, No.1 Dongzhimen South Street,Dongcheng District, Beijing 100007 P.R.C. 电话（Tel）: 010-56500900 传真（Fax）: 010-56500999 www.meritsandtree.com 关于 苏州苏试试验集团股份有限公司 2025 年第二次临时股东大会的 法律意见书 植德京（会）字[2025]0107 号 二〇二五年八月 北京植德律师事务所 关于苏州苏试试验集团股份有限公司 北京植德律师事务所 1．本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员 资格、会议表决程序及表决结果的合法性发表意见，不对本次会议所审议的议 案内容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意见； 1 2．本所律师无法对网络投票过程进行见证，参与本次会议网络投票的股东 资格、网络投票结果均由深圳证券交易所交易系统和互联网投票系统予以认证； 3．本所律 ...

Core Viewpoint - Suzhou Testing Group Co., Ltd. has shown positive financial performance with revenue and profit growth, indicating a stable business outlook and potential investment opportunities [1][2]. Financial Performance - As of the latest report, the company's total operating revenue reached 999.1 million yuan, reflecting an 8.09% year-on-year increase [1]. - The net profit attributable to shareholders was 117 million yuan, up 14.18% year-on-year [1]. - The company's net profit after deducting non-recurring items was 114 million yuan, marking a 20.72% increase year-on-year [1]. - Key financial ratios include a current ratio of 1.714, a quick ratio of 1.445, and a debt-to-asset ratio of 42.02% [1]. Market Activity - The stock price closed at 16.9 yuan, with a daily increase of 3.62% and a turnover rate of 4.14% [1]. - The trading volume was 209,400 hands, with a transaction amount of 350 million yuan [1]. - There was a net inflow of main funds amounting to 16.2 million yuan, accounting for 4.63% of the transaction amount [1]. Company Background - Suzhou Testing Group Co., Ltd. was established in 2007 and is based in Suzhou, focusing on research and experimental development [2]. - The company has a registered capital of 5,085.47806 million yuan and a paid-in capital of 2,060.8 million yuan [1][2]. - The company has engaged in investments in 26 enterprises and participated in 1,258 bidding projects [2].

Group 1 - The core viewpoint of the articles highlights the recent movements of social security funds in the stock market, with 16 new stocks being added to their portfolio in the second quarter [1] - A total of 384 companies have disclosed their semi-annual reports, revealing the actions of institutional investors through the top ten circulating shareholders [1] - Social security funds appeared in 57 stocks, with 16 new positions, 15 increased holdings, 15 reduced holdings, and 11 stocks where the holding amount remained unchanged [1] Group 2 - Among the newly established stocks, the highest number of social security fund appearances in the top ten circulating shareholders is in Su Shi Testing, with three funds holding a total of 14.86 million shares, accounting for 2.94% of circulating shares [1] - The stock with the highest holding ratio among the new positions is Zhong Chumei, with a holding ratio of 3.45%, followed by Beiding Co., Ltd. at 3.16% [1] - The stock with the largest holding amount among the new positions is Satellite Chemical, with 20.17 million shares held, followed by Su Shi Testing and Zhongyuan Expressway with 14.86 million shares and 13 million shares, respectively [1] Group 3 - In terms of performance, 15 of the newly established stocks reported year-on-year net profit growth, with the highest increase being 496.60% for Xin Qiang Lian, which achieved a net profit of 399.61 million yuan [2] - Other companies with significant net profit growth include Ta Pai Group and Guo Mai Culture, with increases of 92.47% and 80.38%, respectively [2] - A detailed list of newly established stocks by social security funds includes various companies across different industries, such as Zhong Chumei in basic chemicals and Beiding Co., Ltd. in home appliances [2]

Core Viewpoint - The article discusses the recent adjustments made by the social security fund in the second quarter, highlighting its investment strategies and performance in various sectors, with a focus on the new stocks added to its portfolio and the overall market performance of its holdings [3][4]. Summary by Sections New Stock Additions - In the second quarter, the social security fund entered 17 new stocks across diverse sectors including basic chemicals, home appliances, social services, computers, and transportation [5][6]. - The most significant new holding is Satellite Chemical (002648.SZ) with 20.17 million shares, followed by Su Shi Testing (300416.SZ) with 14.86 million shares [5]. - The fund's new stock additions reflect a balanced approach, investing in both traditional industries and emerging growth sectors [5][6]. Stock Performance - The average increase in stock prices for the nearly 50 stocks held by the social security fund since the beginning of the year is over 22%, with more than 70% of these stocks experiencing price increases [8]. - Notable performers include Guomai Culture (301052.SZ) with a rise of over 140% and Ding Tong Technology (688668.SH) with an increase exceeding 133% [8]. Financial Performance - Over 70% of the companies in the social security fund's portfolio reported year-on-year profit growth in the first half of the year, with Rongzhi Rixin (688768.SH) showing a staggering profit increase of 2063.42% [9]. - However, some companies, particularly in the basic chemicals and building materials sectors, experienced profit declines, leading to a reduction in holdings for those stocks [9]. Adjustments in Holdings - The fund reduced its holdings in 9 stocks, primarily in the biopharmaceutical, building materials, and energy metals sectors, with significant reductions in Huajin Co. (000059.SZ) and Aide Biology (300685.SZ) [6][9]. - The overall market value of the fund's holdings increased to over 15.1 billion yuan, with new stock additions contributing approximately 2.2 billion yuan to this total [8].

Core Insights - The article highlights the recent movements of social security funds in the stock market, revealing that 15 new stocks were added to their portfolio in the second quarter [1] - A total of 286 companies have released their semi-annual reports, and the top ten circulating shareholders' data indicates the actions of institutional investors [1] Summary by Category Social Security Fund Holdings - Social security funds appeared in 43 stocks, with 15 new entries, 10 increased holdings, 11 reduced holdings, and 7 stocks with unchanged holdings [1] - The stock with the highest number of social security fund entries is Su Shi Testing, with three funds listed among the top ten shareholders, holding a total of 14.86 million shares, accounting for 2.94% of circulating shares [1] New Stocks and Holdings - Among the newly added stocks, the highest holding percentage by social security funds is in Zhong Chumei, with a holding ratio of 3.45%, followed by Beiding Co., Ltd. at 3.16% [1] - The stock with the largest number of shares held by social security funds is Satellite Chemical, with 20.17 million shares, followed by Su Shi Testing and Zhongyuan Expressway with 14.86 million shares and 13 million shares, respectively [1] Performance of New Stocks - In terms of performance, 14 out of the new stocks reported year-on-year net profit growth, with the highest increase seen in Xin Qiang Lian, achieving a net profit of 399.61 million yuan, a year-on-year increase of 496.60% [2] - Other notable companies with significant net profit growth include Ta Pai Group and Guo Mai Culture, with increases of 92.47% and 80.38%, respectively [2] New Stock List - A detailed list of new stocks includes: - Zhong Chumei: 320,000 shares, 3.45% [2] - Beiding Co., Ltd.: 1,000,000 shares, 3.16% [2] - Su Shi Testing: 1,486,200 shares, 2.94% [2] - Xin Qiang Lian: 555,560 shares, 2.08% [2] - Other companies include Chunfeng Power, Guo Mai Culture, Ta Pai Group, and more, with varying shareholdings and industry classifications [2]

Summary of Key Points Core Viewpoint - The recent release of the 2025 semi-annual reports for A-share listed companies has revealed significant movements by pension and social security funds, indicating their investment strategies and preferences in the market [1]. Pension Fund Holdings - A total of 12 companies have seen pension funds appear among their top ten circulating shareholders, with notable entries including Satellite Chemical and Hongfa Technology, which both welcomed pension funds for the first time [1]. - Satellite Chemical's pension fund, the Basic Pension Insurance Fund 808 Combination, holds 19.97 million shares valued at approximately 346 million yuan [1]. - Hongfa Technology's pension fund, the Basic Pension Insurance Fund 807 Combination, holds 11.11 million shares valued at around 248 million yuan [1]. - Other companies with significant pension fund increases include Spring Power, which saw an increase of 1.24 million shares valued at about 409 million yuan [1][2]. Social Security Fund Holdings - Social security funds have also shown increased activity, with four funds collectively increasing their holdings in Changshu Bank by nearly 28 million shares, valued at approximately 277 million yuan [4]. - Nanwei Medical received an increase of about 2.15 million shares from two social security funds, corresponding to a market value of around 152 million yuan [4]. - Su Testing received an increase of approximately 14.86 million shares from three social security funds, valued at about 213 million yuan [5]. Joint Increases by Pension and Social Security Funds - Five companies, including Spring Power, Guomai Culture, Hongfa Technology, Satellite Chemical, and Jerry Shares, experienced joint increases from both pension and social security funds [7].

Core Insights - The article highlights the recent movements of social security funds in the stock market, revealing that 15 new stocks were added to their portfolio in the second quarter [1] - A total of 238 companies have released their semi-annual reports, with social security funds appearing in 40 stocks, indicating significant institutional activity [1] Summary by Category New Investments - Social security funds initiated positions in 15 new stocks during the second quarter, with the highest number of funds appearing in Su Shi Testing, where three funds are listed among the top ten shareholders [1] - The stock with the highest proportion held by social security funds among new investments is Zhong Chumei, with a holding ratio of 3.45%, followed by Beiding Co., Ltd. at 3.16% [1] Holdings and Changes - In terms of shareholding volume, the stock with the largest number of shares held by social security funds is Satellite Chemical, with 20,169,300 shares, followed by Su Shi Testing and Zhongyuan Expressway with 14,862,000 shares and 13,000,100 shares, respectively [1][2] - The article provides a detailed table listing the new stocks acquired by social security funds, including their stock codes, names, number of funds involved, shareholding volume, and industry classifications [2] Performance Metrics - Among the new investments, 14 companies reported year-on-year net profit growth, with the highest increase recorded by Xin Qiang Lian at 496.60% [2] - Other notable companies with significant net profit growth include Ta Pai Group and Guo Mai Culture, with increases of 92.47% and 80.38%, respectively [2]

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report indicates that the total salary of secretaries in A-share listed companies reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, highlighting the critical role of secretaries as a bridge between investors and companies [1]. Salary Overview - The average salary of secretaries in the social services-professional services sector is approximately 712,100 yuan, with the highest salary being 1,227,800 yuan and the lowest at 255,000 yuan [1]. - The overall salary distribution shows that the majority of secretaries (70%) earn between 500,000 and 1,000,000 yuan [1]. Salary Changes - The average salary in 2024 decreased by 34,600 yuan compared to 2023, representing a decline of 4% [3]. - Notably, the salary of Yao Zongxian from Miao Conference dropped from 587,200 yuan in 2023 to 362,300 yuan in 2024, marking a reduction of 224,900 yuan, the largest decrease in both amount and percentage at 38% [3]. Age Distribution - The average age of secretaries is approximately 46.33 years, with the majority (67%) aged between 40 and 49 [3]. - The oldest secretary is 60 years old, earning 302,500 yuan, while the youngest is 37 years old, earning 600,000 yuan [3]. Educational Background - The educational distribution includes 1 PhD, 15 Master's, 10 Bachelor's, and 1 Associate degree holders, with average salaries of 609,100 yuan, 729,600 yuan, 720,500 yuan, and 469,100 yuan respectively [5]. - The highest salary among PhD holders is 609,100 yuan, while the lowest among Associate degree holders is 469,100 yuan [5]. Compliance Issues - Three secretaries received warnings or public notifications for violations during 2024-2025 [7]. - For instance, Li Yunbin from Anche Detection received two warnings for insufficient impairment basis for goodwill and inaccurate performance forecast disclosures [8].

Core Insights - The report highlights the significant role of company secretaries (董秘) as a bridge between investors and listed companies, emphasizing their importance in capital operations within the A-share market [1] Salary Overview - In 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - The average salary for company secretaries in the social services-professional services sector is approximately 712,100 yuan, with the highest salary being 1,227,800 yuan and the lowest at 255,000 yuan [1] Salary Changes - The average salary in 2024 decreased by 34,600 yuan compared to 2023, representing a decline of 4% [3] - Notably, the salary of Yao Zongxian from Miao Conference dropped from 587,200 yuan in 2023 to 362,300 yuan in 2024, marking a reduction of 224,900 yuan, the largest decrease in both amount and percentage at 38% [3] Age Distribution - The average age of company secretaries is approximately 46.33 years, with the majority (67%) aged between 40 and 49 [3] - The oldest company secretary is 60 years old, earning 302,500 yuan, while the youngest is 37 years old, earning 600,000 yuan [3] Educational Background - The educational distribution of company secretaries includes 1 PhD, 15 Master's degrees, 10 Bachelor's degrees, and 1 Associate degree, with average salaries of 609,100 yuan, 729,600 yuan, 720,500 yuan, and 469,100 yuan respectively [5] - The highest salary among PhD holders is 609,100 yuan, while the lowest among Associate degree holders is 469,100 yuan [5] Compliance Issues - Three company secretaries received warnings, public notifications, or internal communications regarding compliance issues for the 2024-2025 period [7] - For instance, Li Yunbin from Anche Detection received two warnings for insufficient impairment basis for goodwill and inaccurate performance forecast disclosures [8]

Group 1 - The total salary of A-share listed company secretaries in 2024 reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - The average salary for secretaries in the social services-professional services sector is approximately 712,100 yuan, with the highest salary being 1,227,800 yuan and the lowest at 255,000 yuan [1] - The majority of secretaries, 70%, have salaries between 500,000 and 1 million yuan, totaling 19 individuals [1] Group 2 - The average salary in 2024 decreased by 34,600 yuan compared to 2023, representing a decline of 4% [3] - The oldest secretary is 60 years old, earning 302,500 yuan, while the youngest is 37 years old, earning 600,000 yuan [3] - The average age of secretaries is approximately 46.33 years, with the age group of 40-49 years being the most represented, accounting for about 67% [3] Group 3 - The educational background of secretaries includes 1 PhD, 15 Master's degrees, 10 Bachelor's degrees, and 1 Associate degree, with corresponding average salaries of 609,100 yuan, 729,600 yuan, 720,500 yuan, and 469,100 yuan respectively [5] - The secretary with a PhD, Lü Gang, earns 609,100 yuan, while the one with an Associate degree, Yang Xiangang, earns 469,100 yuan [5] Group 4 - Three secretaries received warnings or public notifications for violations during 2024-2025 [7] - Li Yunbin from Ancar Detection received two warnings for insufficient basis for goodwill impairment and inaccurate performance forecast disclosures, earning 750,000 yuan in 2024 [8]