Core Viewpoint - The legal opinion letter confirms the legality of the convening, holding procedures, qualifications of the convenor and attendees, voting procedures, and results of the 2025 first extraordinary general meeting of Zhuhai Yingboer Electric Co., Ltd. Group 1: Meeting Procedures - The meeting was convened by the company's fourth board of directors and announced on July 3, 2025, detailing the meeting's agenda, time, location, and voting methods [2][3][4] - The meeting was held on July 18, 2025, combining on-site and online voting, with the on-site meeting taking place at the company's conference room in Zhuhai [3][4] Group 2: Attendee Qualifications - The convenor of the meeting was the company's board of directors, which meets the legal requirements for convenors [4] - A total of 222 shareholders attended the meeting, including company directors, supervisors, and senior management, all of whom met the necessary qualifications [4][5] Group 3: Voting Procedures and Results - The meeting reviewed and voted on all agenda items as per the announced notice, with the proposal to sell the equity of a wholly-owned subsidiary passing with 99.8815% approval [5] - The voting results were verified and confirmed to be in compliance with legal and regulatory requirements [5]

深圳市南山区前海大道前海嘉里商务中心 T2 栋 1401A 室 邮编：518054 电话：(86-755) 21557000 传真：(86-755) 2155 7099 北京市竞天公诚（深圳）律师事务所 关于珠海英搏尔电气股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：珠海英搏尔电气股份有限公司（贵公司） 北京市竞天公诚（深圳）律师事务所（以下简称"本所"）接受贵公司的委 托，指派律师出席并见证贵公司 2025 年第一次临时股东大会（以下简称"本次 会议"）。 本所律师根据《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》）、《上市公司股东会规则》（以下 简称《股东会规则》）、《律师事务所从事证券法律业务管理办法》（以下简称 《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）》 （以下简称《证券法律业务执业规则》）等相关法律、行政法规、规章、规范性 文件及《珠海英搏尔电气股份有限公司章程》（以下简称《公司章程》）的规定， 就本次会议的召集与召开程序、召集人资格、出席会议人员资格、会议表决程序 及表决结果等事宜，出具本法律意见书。 对 ...

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： 本次股东大会不存在否决议案和涉及变更以往股东大会已通过的决议的情 形。 一、会议召开和出席情况 专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-058 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 2025 年第一次临时股东大会决议公告 珠海英搏尔电气股份有限公司（以下简称"公司"）2025 年第一次临时股东 大会于 2025 年 7 月 18 日下午 15:00 在广东省珠海市高新区科技六路 6 号公司 会议室以现场投票和网络投票相结合的方式召开。网络投票时间为 2025 年 7 月 18 日，其中，通过深圳证券交易所交易系统进行投票的具体时间为：2025 年 7 月 18 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投票的具体时间为：2025 年 7 月 18 日 9:15-15:00。 本次股东大会由公司董事会召集，由公司董事长姜桂宾先生主持。公司董事、 ...

专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-057 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 关于持股 5%以上股东权益变动触及 1%整数倍的公告 持股5%以上股东、董事、副总经理李红雨保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或者重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 珠海英搏尔电气股份有限公司（以下简称"公司"）于 2025 年 5 月 19 日在 巨潮资讯网披露了《关于持股 5%以上股东股份减持计划的预披露公告》（以下简 称"本次减持计划"）。公司持股 5%以上股东、董事、副总经理李红雨先生计划 在本次减持计划披露之日起 15 个交易日后的 3 个月内以集中竞价、大宗交易的 方式减持其持有的不超过 5,221,004 股公司股份（占公司总股本的 2.00%）。 公司于近日收到李红雨先生出具的告知函，李红雨先生于 2025 年 7 月 16 日 通过集中竞价交易方式减持公司股份 350,000 股，占公司当前总股本的 0.13%。 此外，因公司发行的可转换公司债券 ...

Group 1 - The core viewpoint of the news is the performance and characteristics of Yingbo's convertible bonds, which have seen a price increase and a specific premium rate [1] - Yingbo's convertible bonds have a credit rating of "AA" and a maturity of 6 years, with a coupon rate that increases annually from 0.30% to 2.00% [1] - The conversion price for the bonds is set at 17.43 yuan, with the conversion period starting on April 30, 2025 [1] Group 2 - Zhuhai Yingbo Electric Co., Ltd. was established in 2005 and focuses on the research and production of power systems for new energy vehicles [2] - The company went public on the Shenzhen Stock Exchange in 2017, with the stock code 300681, and its main products include powertrains, power assemblies, and core components for new energy vehicles [2] - For the first quarter of 2025, Yingbo reported a revenue of 545.8 million yuan, a year-on-year increase of 15.19%, and a net profit attributable to shareholders of 10.69 million yuan, up 26.29% year-on-year [2] - As of June 2025, Yingbo has a concentrated shareholder structure with 25,400 shareholders, an average of 7,241 circulating shares per person, and an average holding amount of 203,400 yuan [2]

Investment Rating - The report maintains a "Recommended" investment rating for the low-altitude economy sector [7] Core Insights - The low-altitude economy market in China is projected to exceed 1 trillion yuan by 2026, with a compound annual growth rate of approximately 30% from a current size of 505.95 billion yuan in 2023, which represents a growth rate of 33.8% [1][37] - The low-altitude economy encompasses various sectors, including aircraft manufacturing and operational services, which account for 55% of the market, while supply chain, consumption, and transportation contribute 40% [1] - The Chinese drone industry is leading globally, with significant players like DJI and EHang, and the commercialization of eVTOL (electric Vertical Take-Off and Landing) is accelerating [1] Summary by Sections 1. Low-altitude Economy Emergence - The low-altitude economy integrates low-altitude flight activities with various industries, primarily involving drones, eVTOLs, and helicopters, operating below 1,000 meters [13] 2. Policy and Capital Driving Growth - The government has initiated a "safe and regulated development" strategy for the low-altitude economy, with significant investments and pilot projects across multiple cities [2] - In 2024, financing in the eVTOL sector exceeded 6.5 billion yuan, with various specialized funds being established to support the industry [2] 3. Technological Advancements and Application Scenarios - Key technologies in the sector include drones and eVTOLs, with ongoing innovations in automation and intelligence [3] - Core application areas are expanding to include logistics, urban transportation, and emergency rescue [3] 4. Regional Development Dynamics - The Yangtze River Delta, Pearl River Delta, and Chengdu-Chongqing regions are emerging as key players in the low-altitude economy, with cities like Shanghai and Shenzhen leading in infrastructure and regulatory frameworks [4] 5. Investment Recommendations - The report suggests focusing on companies involved in aviation batteries and core components, low-altitude security and air traffic management systems, eVTOL and drone manufacturing, and infrastructure development [5]

Core Viewpoint - The company, Zhuhai Yingboer Electric Co., Ltd., is expected to report significant growth in both revenue and net profit for the upcoming financial period, driven by strategic focus on major clients and improved operational efficiency [1][2]. Financial Performance Summary - Estimated operating revenue is projected to be approximately 1,023.43 million RMB, reflecting a year-on-year increase of 31.91% to 36.79% [1]. - Expected net profit attributable to shareholders is estimated between 35 million RMB and 40 million RMB, indicating a year-on-year growth of 0.82% to 15.22% [1]. - The net profit after deducting non-recurring gains and losses is projected to be between 12.46 million RMB and 36.50 million RMB, showing a substantial increase of 152.89% to 193.04% compared to the previous year [1]. Reasons for Performance Changes - The company has implemented a major client-focused strategy, forming a "triangular team" consisting of R&D, sales, and delivery, which has enhanced customer engagement and project responsiveness, contributing to revenue growth [2]. - Increased sales in high-margin export business have led to a rise in overall gross margin, while improved internal management has resulted in a decrease in expense ratios, further boosting net profit [2].

Group 1 - The company expects its operating revenue for the first half of 2025 to be between 1.35 billion and 1.4 billion yuan, representing a year-on-year growth of 31.91% to 36.79% [1] - The projected net profit for the first half of 2025 is estimated to be between 35 million and 40 million yuan, indicating a year-on-year increase of 0.82% to 15.22% [1]

[Performance Forecast Overview](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company forecasts a year-over-year increase in H1 2025 performance, with significant growth in operating revenue and a substantial surge in non-recurring adjusted net profit, indicating enhanced core business profitability Key Performance Indicators for H1 2025 Performance Forecast | Performance Metric | H1 2025 Forecast (Million CNY) | H1 2024 Actual (Million CNY) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 1,350.00 - 1,400.00 | 1,023.43 | +31.91% to +36.79% | | **Net Profit Attributable to Parent Company Shareholders** | 35.00 - 40.00 | 34.72 | +0.82% to +15.22% | | **Net Profit Excluding Non-Recurring Items** | 31.50 - 36.50 | 12.46 | +152.89% to +193.04% | [Analysis of Performance Changes](index=2&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Changes) Performance growth is primarily driven by strategic execution, including key client focus and increased designated vehicle sales, alongside improved gross margins from export business and reduced period expense ratios [Operational Level Factors](index=2&type=section&id=Item%203.1%20Operational%20Level%20Factors) Revenue growth is primarily driven by the successful implementation of the key client strategy, leveraging "Iron Triangle Teams" to enhance client collaboration and increase sales of designated vehicle models - The company focuses on a key client strategy, establishing "Iron Triangle Teams" (R&D, sales, delivery) to deepen client cooperation, ensure rapid response, and product delivery[4](index=4&type=chunk) - The year-over-year increase in operating revenue during the reporting period primarily benefited from the growth in sales of the company's designated vehicle models[4](index=4&type=chunk) [Financial Level Factors](index=2&type=section&id=Item%203.2%20Financial%20Level%20Factors) Company profitability improved due to enhanced gross margins from high-margin export business and reduced period expense ratios from strengthened internal management, with additional positive impact from non-recurring gains - The company's overall gross margin increased year-over-year during the reporting period, benefiting from higher sales of export business with better gross margins[4](index=4&type=chunk) - The company successfully reduced its period expense ratio and improved net profit through strengthened internal management[4](index=4&type=chunk) - Non-recurring gains are estimated to impact net profit by approximately **3.50 million CNY** in the current reporting period, primarily from government subsidies[4](index=4&type=chunk) [Risk Warning and Explanation](index=1&type=section&id=Item%20II.%20Communication%20with%20Accounting%20Firms%20%26%20IV.%20Other%20Relevant%20Explanations) This performance forecast is a preliminary, unaudited estimate by the finance department, advising investors to refer to the official 2025 semi-annual report for precise data and exercise caution regarding investment risks - The performance forecast data represents preliminary estimates by the company's finance department and has not been audited by an accounting firm[3](index=3&type=chunk)[5](index=5&type=chunk) - Specific financial data will be detailed in the company's 2025 semi-annual report, advising investors to be mindful of investment risks[5](index=5&type=chunk)

专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-055 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 关于香港全资子公司完成注册资本变更登记的公告 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。 珠海英搏尔电气股份有限公司（以下简称"公司"）于 2025 年 7 月 2 日召 开的第四届董事会第九次会议，审议通过了《关于对香港全资子公司增资的议案》， 同意公司以自有资金对英搏尔（香港）有限公司（以下简称"英搏尔（香港）"） 增资港币 1,400 万元（等值外汇），增资完成后，公司对英搏尔（香港）的持股 比例仍为 100%，英搏尔（香港）的注册资本由港币 100 万元增加至港币 1,500 万 元。具体内容详见公司于 2025 年 7 月 3 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于对香港全资子公司增资的公告》。 近日，公司全资子公司英搏尔（香港）已在香港特别行政区公司注册处完成 注册资本变更登记手续，英搏尔（香港）基本信息如下： 1、公司中文名称：英搏尔（香港）有限公 ...