Core Viewpoint - The company announces the second reminder regarding the repurchase of "Zhengyuan Convertible Bond 02" (正元转 02), highlighting the potential risks for investors if they choose to sell their bonds at a price higher than the repurchase price [1][2]. Summary by Sections Repurchase Terms Overview - The repurchase rights are activated if there are significant changes in the implementation of the investment projects funded by the convertible bonds compared to the commitments made in the prospectus [1]. - Holders of "Zhengyuan Convertible Bond 02" can sell their bonds at face value plus accrued interest, with the repurchase price calculated to be 100.168 CNY per bond (including tax) [1][2]. Tax Implications - Individual investors and securities investment funds will have a 20% withholding tax on interest income, resulting in a net repurchase amount of 100.134 CNY per bond [2]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from income tax, receiving the full repurchase amount of 100.168 CNY per bond [2]. Repurchase Procedure and Payment Method - The company must grant bondholders the right to repurchase within twenty trading days after the shareholders' meeting approves changes to the investment projects [2]. - The company will publish at least three announcements regarding the repurchase, including one within five trading days after the shareholders' meeting [2]. Repurchase Period Transactions and Conversion - "Zhengyuan Convertible Bond 02" will continue to trade during the repurchase period, but conversion will be suspended [3]. - Bondholders must submit their repurchase requests through the Shenzhen Stock Exchange trading system during the specified period from July 29, 2025, to August 4, 2025 [3].

| 证券代码：300645 | 证券简称：正元智慧 | 公告编号：2025-075 | | --- | --- | --- | | 债券代码：123196 | 债券简称：正元转 02 | | 3、回售价格：100.168 元/张（含息、税） 4、回售申报期：2025 年 7 月 29 日至 2025 年 8 月 4 日 5、发行人资金到账日：2025 年 8 月 7 日 6、回售款划拨日：2025 年 8 月 8 日 正元智慧集团股份有限公司 关于"正元转 02"回售的第二次提示性公告 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、债券代码：123196 2、债券简称：正元转 02 根据公司《募集说明书》的约定，附加回售条款内容如下： "若公司本次发行的可转债募集资金投资项目的实施情况与公司在募集说 明书中的承诺情况相比出现重大变化，根据中国证监会的相关规定被视作改变募 集资金用途或被中国证监会认定为改变募集资金用途的，可转债持有人享有一次 回售的权利。可转债持有人有权将其持有的可转债全部或部分按债券面值加上当 期应计利息的价格回售给公司。持 ...

| 证券代码：300645 | 证券简称：正元智慧 | 公告编号：2025-074 | | --- | --- | --- | | 债券代码：123196 | 债券简称：正元转02 | | 正元智慧集团股份有限公司 关于签订募集资金三方监管协议的公告 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。 正元智慧集团股份有限公司（曾用名：浙江正元智慧科技股份有限公司，以下 简称"公司"）于 2025 年 7 月 7 日召开第五届董事会第四次，审议通过了《开立募集 资金专项账户并签订募集资金四方监管协议的议案》，基于公司拟将 17,940.00 万元 募集资金以向公司控股子公司浙江尼普顿科技股份有限公司（以下简称"尼普顿"） 提供有息借款的方式投入到"高校运营与服务一体化平台项目"，为规范公司募集资 金管理、存放和使用，切实保护投资者权益，根据《上市公司募集资金监管规则》《深 圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》等相关法律法规和公司《募集资金管理制度》的规 定，董事会同意公司在上述事项经公司 20 ...

Group 1 - The company has announced a temporary suspension of the conversion of its convertible bonds "Zhengyuan Zhuan 02" during the repurchase period, which is from July 29, 2025, to August 4, 2025 [2] - The company issued 3.5073 million convertible bonds at a price of RMB 100.00 each, raising a total of RMB 350.73 million [1] - The conversion period for "Zhengyuan Zhuan 02" will start on October 24, 2023, and end on April 17, 2029 [1] Group 2 - The company held several meetings in July 2025 to approve changes to the use of raised funds, activating the additional repurchase clause for the convertible bonds [2] - The suspension of conversion will last for five trading days, and trading of the bonds will continue normally during this period [2]

Investment Rating - The report suggests a focus on leading domestic generative large model companies such as iFlytek, as well as AI hardware companies like Yingshi Network, Hongsoft Technology, and Hesai Technology, indicating a positive investment outlook for these sectors [3]. Core Insights - The AI industry is expected to see significant growth, particularly in the second half of the year, with advancements in AI applications, smart driving, domestic substitution, and overseas expansion showing promising trends [5][12]. - The report highlights the performance of the AI computing sector, which is expected to maintain high growth, while AI applications are accelerating upward [11][13]. - The report anticipates that the overall revenue for the sector may be flat, but profit margins are expected to improve due to cost savings from AI integration and efficiency gains [5][12]. Summary by Sections Current Week's Insights - The report discusses the recent advancements in AI, including the release of the GR-3 model by ByteDance's Seed team, which demonstrates superior capabilities in real-world scenarios [5][12]. - The report notes that the AI industry chain, smart driving, and domestic substitution are expected to maintain good momentum, with a focus on AI applications showing accelerated growth [12]. Sector Performance - The report categorizes various sectors within the computer industry based on their growth potential, with AI computing and lidar maintaining high growth, while sectors like industrial software and medical IT are under pressure [11][13]. - The report indicates that the software outsourcing sector is stable, with new growth drivers emerging from AI, overseas expansion, and domestic substitution [13]. Market Review - From July 18 to July 25, 2025, the computer industry index rose by 1.71%, outperforming the CSI 300 index by 0.02 percentage points, indicating a positive market sentiment [14][19]. - The report highlights the top-performing companies in the computer sector during this period, showcasing significant gains for several firms [19]. Upcoming Events - The report mentions key upcoming events, including the second AI glasses industry innovation application summit and the 2025 World Artificial Intelligence Conference, which are expected to present opportunities within the industry [27][28].

| 证券代码：300645 | 证券简称：正元智慧 公告编号：2025-073 | | --- | --- | | 债券代码：123196 | 债券简称：正元转 02 | 正元智慧集团股份有限公司 关于"正元转 02"回售期间暂停转股的提示性公告 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： 经中国证券监督管理委员会《关于同意浙江正元智慧科技股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕553 号）同意注 册，正元智慧集团股份有限公司（曾用名：浙江正元智慧科技股份有限公司，以 下简称"公司"）向不特定对象发行可转换公司债券 350.73 万张，发行价为每 张面值人民币 100.00 元，共计募集资金人民币 35,073.00 万元。本次发行的"正 元转 02"转股期自可转债发行结束之日满六个月后的第一个交易日（2023 年 10 月 24 日）起至可转债到期日（2029 年 4 月 17 日）止。目前，"正元转 02"正 处于转股期内。 公司于 2025 年 7 月 7 日召开第五届董事会第四次会议和第五届监事会第 ...

| 证券代码：300645 | 证券简称：正元智慧 | | 公告编号：2025-072 | | --- | --- | --- | --- | | 债券代码：123196 | 债券简称：正元转 | 02 | | 正元智慧集团股份有限公司 关于"正元转 02"回售的第一次提示性公告 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、债券代码：123196 2、债券简称：正元转 02 3、回售价格：100.168 元/张（含息、税） 4、回售申报期：2025 年 7 月 29 日至 2025 年 8 月 4 日 5、发行人资金到账日：2025 年 8 月 7 日 6、回售款划拨日：2025 年 8 月 8 日 7、投资者回售款到账日：2025 年 8 月 11 日 8、回售申报期内可转债暂停转股 9、本次回售不具有强制性，持有人有权选择是否进行回售 10、风险提示：投资者选择回售等同于以人民币 100.168 元/张（含息、税） 卖出持有的"正元转 02"。截至本公告发出前的最后一个交易日，"正元转 02"的 收盘价格高于本次回售价格，投资者选择回售 ...

浙商证券股份有限公司 关于正元智慧集团股份有限公司 可转换公司债券回售事项的核查意见 浙商证券股份有限公司（以下简称"浙商证券"或"保荐人"）作为正元智 慧集团股份有限公司（以下简称"正元智慧"或"公司"）向不特定对象发行可 转换公司债券的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券交 易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号-创业 板上市公司规范运作》《深圳证券交易所上市公司自律监管指引第 13 号-保荐业 务》《上市公司募集资金监管规则》等有关规定，浙商证券就正元智慧可转换公 司债券回售事项进行了审慎核查，核查的具体情况如下： 一、回售情况概述 （一）触发回售的原因 正元智慧集团股份有限公司于 2025 年 7 月 7 日召开第五届董事会第四次会 议和第五届监事会第四次会议，并于 2025 年 7 月 24 日召开了 2025 年第二次临 时股东大会和 2025 年第一次债券持有人会议，上述会议审议通过了《关于变更 部分募集资金用途的议案》。 根据《浙江正元智慧科技股份有限公司（曾用名，已更名为正元智慧集团股 份有限公司）向不特定对象发行可转换公司债券募集说明书》（ ...

可转换公司债券回售的 北京德恒（杭州）律师事务所 关于 正元智慧集团股份有限公司 法律意见 电话:0571-86508080 传真:0571-87357755 邮编:310020 杭州市上城区新业路 200 号华峰国际 10 楼 关于正元智慧集团股份有限公司 北京德恒（杭州）律师事务所 可转换公司债券回售的法律意见 北京德恒（杭州）律师事务所 关于正元智慧集团股份有限公司 可转换公司债券回售的 法律意见 致：正元智慧集团股份有限公司 北京德恒（杭州）律师事务所受正元智慧集团股份有限公司（以下简称"公 司"）委托，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》（以下简称《证券法》）、《可转换公司债券管理办法》（以 下简称《管理办法》）、《深圳证券交易所上市公司自律监管指引第 15 号—— 可转换公司债券》（以下简称《自律监管指引第 15 号》）等有关法律、法规和 规范性文件的要求，按《律师事务所从事证券法律业务管理办法》《律师事务所 证券法律业务执业规则（试行）》等自律规则，本所就公司可转换公司债券回售 （以下简称"本次回售"）所涉及的相关事项出具本法律意见。 为出具本法律意见， ...

Group 1 - The company held its fifth board meeting on July 24, 2025, to discuss various matters, including providing guarantees for its subsidiaries [1][2] - The board approved a proposal to provide a joint liability guarantee for Zhejiang Nipton Technology Co., Ltd. for a loan of RMB 10 million from Zhejiang Commercial Bank [1][2] - The board also approved a similar guarantee for Jiangsu Zhengyuan, with the same loan amount and terms, ensuring that other shareholders provide counter-guarantees [2][3] Group 2 - The board's decision to provide guarantees is based on the actual funding needs of the subsidiaries and aims to support their business development [2][3] - The board believes that these guarantees will not harm the company's interests and will help the subsidiaries expand financing channels and reduce costs [2][3] - The proposal for guarantees will be submitted for approval at the company's third extraordinary general meeting scheduled for August 11, 2025 [3][4]