中信证券股份有限公司 关于深圳市菲菱科思通信技术股份有限公司 股东向特定机构投资者询价转让股份的核查报告 深圳证券交易所： 中信证券股份有限公司（以下简称"中信证券"或"组织券商"）受委托担 任高国亮（以下简称"出让方"）以向特定机构投资者询价转让（以下简称"询 价转让"）方式减持所持有的深圳市菲菱科思通信技术股份有限公司（以下简称 "公司"或"菲菱科思"）首次公开发行前已发行股份的组织券商。 经核查，中信证券就本次询价转让的股东、出让方是否符合《深圳证券交易 所上市公司自律监管指引第 16 号——创业板上市公司股东询价和配售方式转让 股份（2025 年修订）》（以下简称"《指引第 16 号》"）要求，本次询价转让的询 价、转让过程与结果是否公平、公正，是否符合《指引第 16 号》的规定作出如 下报告说明。 一、本次询价转让概况 （一）本次询价转让出让方 截至 2025 年 7 月 9 日，出让方所持公司首发前股份的数量及占公司总股本 比例情况如下： | 序号 | 股东名称 | 持股数量（股） | 持股比例 | | | --- | --- | --- | --- | --- | | 1 | 高国亮 | 3,3 ...

证券代码：301191 证券简称：菲菱科思 公告编号：2025-050 深圳市菲菱科思通信技术股份有限公司 股东询价转让结果报告书暨持股 5%以上股东 权益比例降至 5%以下的提示性公告 股东高国亮先生（以下简称"出让方"）及其一致行动人刘雪英女士保证向 深圳市菲菱科思通信技术股份有限公司（以下简称"菲菱科思"、"公司"或"本 公司"）提供的信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对 其真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次权益变动的主体为菲菱科思合计持股5%以上股东高国亮先生及其 一致行动人刘雪英女士。本次权益变动后，出让方及其一致行动人合计持有公司 股份3,380,000股，约占公司总股本的比例由6.37%减少至4.87%，持有公司权益比 例降至5%以下，不再属于公司合计持股5%以上股东； 出让方本次询价转让的股份数量为1,040,000股，约占公司总股本比例为 1.50%，询价转让的价格为74.49元/股，交易金额77,469,600.00元； 本次询价转让不通过集中竞价交易或大宗交易方式进行，不属于通过二 级市场减持。受让方通过询价转让受让的股份，在受让后6个月内 ...

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。 证券代码：301191 证券简称：菲菱科思 公告编号：2025-049 深圳市菲菱科思通信技术股份有限公司 关于使用部分自有资金和暂时闲置的募集资金 进行现金管理的进展公告 截至目前，公司及子公司使用部分自有资金和暂时闲置的募集资金进行现金 管理，相关进展情况如下： 2 序号 购买 主体 签约金融机构 产品名称 产品 类型 资金 来源 赎回金额 （万元） 起息日 赎回日 实际收益 （元） 1 公司 中国建设银行股 份有限公司深圳 蛇口支行 中国建设银行深圳 市分行单位人民币 定制型结构性存款 2024 年 270 期 保本浮动 收益型 自有 资金 5,000 2024-10-10 2025-03-28 322,299.67 2 公司 中国银行股份有 限公司深圳桥和 支行 人民币结构性存款 保本保最 低收益型 自有 资金 5,000 2024-10-10 2025-04-10 324,109.59 3 公司 中国农业银行股 份有限公司福海 支行 农银理财"农银安 心·灵动"30 天 同业存单及存款增 强人民币理财产 ...

Summary of the Conference Call on Switch Industry and AI Computing Power Industry Overview - The report focuses on the **switch industry**, highlighting its critical role in network interconnection and the growing demand driven by data center construction [4][20]. - The global switch market is projected to grow significantly, with the top five manufacturers holding a substantial market share [4][68]. Key Points and Arguments Market Growth and Demand - The global switch market is expected to grow from **$61.9 billion in 2020** to **$96.8 billion by 2025**, with a **CAGR of 9.4%** [24]. - In China, the market is projected to increase from **¥116.8 billion in 2020** to **¥318 billion by 2025**, with a **CAGR of 22.2%** [24]. - The demand for switches is driven by the increasing data center construction and the need for higher data transfer rates [20][30]. Market Concentration - The top five global switch manufacturers, including **Cisco, Arista, Huawei, HPE, and Xinhua San**, hold **69.6%** of the market share, with Cisco leading at **35.9%** [4][68]. - In China, the top five manufacturers account for **89.7%** of the market, with Huawei at **32.4%** [4][68]. Technological Trends - **White-box technology** is emerging, allowing for hardware-software decoupling, which reduces acquisition and operational costs [31][35]. - The **CPO (Chip-Package-Optical)** switch technology is gaining traction, promising lower power consumption and higher efficiency [36][41]. Chip Market Dynamics - The global Ethernet switch chip market is expected to grow, with commercial vendors driving the majority of the growth [81][86]. - The market is currently dominated by overseas giants, indicating significant room for domestic alternatives [87]. Important but Overlooked Content - The report highlights the **risk factors** including the potential underdevelopment of AI applications, escalating US-China trade tensions, intensified market competition, and the risk of failure in new technology and product development [7]. - The **data center switch market** in China is expected to account for **51.7%** of the total switch market by 2026, indicating a growing reliance on data center infrastructure [30]. Recommendations - The report suggests monitoring companies such as **Sengke Communication, Yutai Micro, Ruijie Networks, Unisplendour, ZTE, and Feiling Kesi** for potential investment opportunities [6]. This summary encapsulates the essential insights from the conference call regarding the switch industry and its intersection with AI computing power, providing a comprehensive overview of market dynamics, technological advancements, and investment opportunities.

证券代码：301191 证券简称：菲菱科思 公告编号：2025-048 深圳市菲菱科思通信技术股份有限公司 股东询价转让定价情况提示性公告 股东高国亮先生保证向本公司提供的信息内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 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。 重要内容提示： 根据2025年7月10日询价申购情况，深圳市菲菱科思通信技术股份有限公 司（以下简称"公司"）股东高国亮先生询价转让（以下简称"本次询价转让"） 初步确定的转让价格为74.49元/股； 本次询价转让不通过集中竞价交易方式或大宗交易方式进行，不属于通过 二级市场减持。受让方通过询价转让受让的股份，在受让后6个月内不得转让。 深圳市菲菱科思通信技术股份有限公司 董 事 会 一、本次询价转让初步定价 （一）经向机构投资者询价后，本次询价转让初步确定的转让价格为 74.49 元/股。 （二）参与本次询价转让报价的机构投资者家数为 9 家，涵盖了基金管理公 司、私募基金管理人、证券公司等专业机构投资者。参与本次询价转让报价的机 构投资者合计有效认购股份数量为 1,41 ...

Core Viewpoint - Shareholder Gao Guoliang plans to transfer 1.51% of the company's shares through a price inquiry method due to personal funding needs [1] Summary by Relevant Sections - **Share Transfer Details** - Gao Guoliang intends to transfer 1,040,000 shares, representing 1.51% of the total share capital of the company [1] - The transfer will not occur through centralized bidding or block trading [1] - **Shareholder Background** - Gao Guoliang is not a controlling shareholder, actual controller, director, or senior management of the company [1] - He holds a combined shareholding of over 5% with Liu Xueying, who is his spouse [1] - **Conditions for Transfer** - The transferee must possess appropriate pricing capability and risk tolerance [1]

证券代码：301191 证券简称：菲菱科思 公告编号：2025-047 深圳市菲菱科思通信技术股份有限公司 股东询价转让计划书 股东高国亮（以下简称"出让方"）保证向深圳市菲菱科思通信技术股份有 限公司（以下简称"菲菱科思"、"公司"或"本公司"）提供的信息内容不存 在任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依 法承担法律责任。 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。 重要内容提示： 本次拟参与菲菱科思首次公开发行前（以下简称"首发前"）股东询价转 让的股东为高国亮； 出让方拟转让股份的总数为1,040,000股，占公司总股本的比例约为1.51% （计算比例以公司总股本69,342,000股剔除回购专用证券账户中股份数量 454,300股后的数量68,887,700股为基数）； 本次询价转让不通过集中竞价交易或大宗交易方式进行，不属于通过二级 市场减持。受让方通过询价转让受让的股份，在受让后6个月内不得转让； 本次询价转让的受让方为具备相应定价能力和风险承受能力的机构投资 者。 一、拟参与转让的股东情况 （一）出让方的名称、持股数量、持股比例 出让方委托中 ...

中信证券股份有限公司（以下简称"中信证券"）受深圳市菲菱科思通信技 术股份有限公司（以下简称"菲菱科思"）股东高国亮（以下简称"出让方"） 委托，组织实施本次菲菱科思首发前股东向特定机构投资者询价转让（以下简称 "本次询价转让"）。 根据《创业板上市公司持续监管办法（试行）》《深圳证券交易所创业板股 票上市规则（2025 年修订）》《深圳证券交易所上市公司自律监管指引第 18 号 ——股东及董事、高级管理人员减持股份（2025 年修订）》《深圳证券交易所上 市公司自律监管指引第 16 号——创业板上市公司股东询价和配售方式转让股份 中信证券股份有限公司 关于深圳市菲菱科思通信技术股份有限公司股东 向特定机构投资者询价转让股份 相关资格的核查意见 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 1 （2025 年修订）》（以下简称"《询价转让和配售指引》"）等相关规定，中信 证券对参与本次询价转让股东的相关资格进行核查，并出具本核查意见。 一、本次询价转让的委托 中信证券收到出让方关于本次询价转让的委托，委托中信证券组织实施本次 询价转让。 二、关于参与本次询价转让股东相关资格的核查情况 （一）核查 ...

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [2] - The company was registered with the Shenzhen Market Supervision Administration and obtained a business license [2] - The company issued 13.34 million shares to the public and was listed on the Shenzhen Stock Exchange on May 26, 2022 [2] - The registered capital of the company is RMB 69.342 million [2] - The company has a business term of 50 years [2] Business Objectives and Scope - The company's business objective is to enhance management and serve customers [3] - The business scope includes the development and sales of communication products, import and export business, software design, and manufacturing of automotive parts [3] Shares - The company's shares are issued in the form of stocks, adhering to principles of openness, fairness, and justice [4] - The total number of shares issued by the company is 69.342 million, all of which are ordinary shares [4] - The company may increase capital through various methods, including issuing shares to unspecified objects or existing shareholders [6] Shareholder and Shareholder Meeting - The company’s shareholders have rights to dividends, request meetings, supervise operations, and transfer shares [12] - The company must hold an annual shareholder meeting within six months after the end of the previous fiscal year [49] - Major transactions, such as those involving assets exceeding 50% of the company's total assets, require approval from the shareholder meeting [28] Management and Responsibilities - The chairman of the board serves as the legal representative of the company [2] - The company is responsible for civil liabilities arising from the actions of its legal representative [2] - Shareholders are liable for the company's debts only to the extent of their subscribed shares [2] Control and Governance - The controlling shareholders and actual controllers must exercise their rights in accordance with laws and regulations, ensuring the company's interests are maintained [17] - The company has mechanisms to prevent the controlling shareholders from misappropriating company assets [20] - The board of directors is responsible for maintaining the safety of company funds and must report any asset misappropriation [20]

General Principles - The internal audit management system aims to standardize the internal audit work of Shenzhen Feiling Kesi Communication Technology Co., Ltd., ensure audit quality, clarify responsibilities of audit institutions and personnel, and enhance operational management and risk prevention capabilities [1][2] - Internal audit is defined as an independent and objective confirmation and consulting activity that evaluates the appropriateness and effectiveness of the company's economic activities, internal controls, and risk management [1][2] Scope of Application - The internal audit management system applies to the company, wholly-owned subsidiaries, controlling subsidiaries, and significant influence investees [2] Audit Organization and Personnel - The company establishes an internal audit department that maintains independence and objectivity, and is not responsible for decision-making and execution of the audited entities' business activities, internal controls, and risk management [2][3] - An audit committee is set up under the board of directors to guide and supervise the internal audit department's work [2][3] Responsibilities of the Internal Audit Department - The internal audit department is responsible for evaluating the completeness, rationality, and effectiveness of internal control systems across the company and its subsidiaries [3][4] - It must audit the legality, compliance, authenticity, and completeness of accounting and economic data, including financial reports and performance forecasts [3][4] - The department is required to report to the audit committee at least quarterly and submit an annual audit work plan and report [4] Basic Conditions for Audit Personnel - Audit personnel must possess necessary knowledge and business capabilities, adhere to professional ethics, maintain independence and objectivity, and have strong interpersonal skills [5][6] Rights of the Internal Audit Institution - The internal audit institution has the right to request necessary information from the audited entities, participate in relevant meetings, and suggest management improvements based on audit findings [6][7] Audit Implementation Requirements - The internal audit department must conduct checks on monetary funds at least quarterly, focusing on authorization procedures for large non-operating expenditures [9][10] - The audit should cover all business segments related to financial reporting and information disclosure [10][11] Internal Control Evaluation - The internal audit department must evaluate the effectiveness of internal controls annually and submit a report to the audit committee [11][12] Audit Reporting - The internal audit institution must issue audit reports that are objective, complete, and clear, including audit findings and recommendations [10][11] Supervision and Management - The internal audit department should establish an incentive and restraint mechanism to evaluate and reward audit personnel based on their performance [12][13]