Group 1: Performance Drivers - The global LED display market is expected to reach $7.971 billion in 2025 and $10.236 billion by 2028, with a CAGR of 7% from 2023 to 2028 [3] - The Mini LED market is projected to grow to $3.3 billion by 2028, with a CAGR of approximately 40% from 2024 to 2028 [3] - The company is focusing on high-definition technology upgrades, transitioning from 2K to 4K and exploring 8K and 16K markets, indicating significant growth potential [3] Group 2: Revenue and Profitability - The company's overseas revenue increased by 32.03% in 2024, accounting for 19.10% of total revenue [4] - The gross margin improved due to the rapid growth in the MLED sector and higher-margin overseas sales, which increased by 3.57% year-on-year [4] - The top five customers contributed 27.20% of total sales, with the largest customer generating $28.4 million, representing 8.66% of total sales [5] Group 3: Inventory and Supply Chain Management - The inventory turnover rate decreased from 1.39 times in 2023 to 1.03 times in 2024 due to increased IC reserves [5] - The company employs a "PO+Forecast" model for procurement planning to enhance supply chain efficiency [5] - A diversified supplier strategy is in place, with 1-2 international and 2-3 domestic suppliers for the same type of chips to mitigate risks [5] Group 4: Investor Relations and Communication - The investor relations activity involved thorough communication and adherence to regulations, ensuring no significant undisclosed information was leaked [6]

西安诺瓦星云科技股份有限公司薪酬与考核委员会 关于公司 2025 年限制性股票激励计划 证券代码：301589 证券简称：诺瓦星云 公告编号：2025-046 首次授予激励对象名单的审核意见及公示情况说明 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。 西安诺瓦星云科技股份有限公司（以下简称"公司"）于 2025 年 6 月 12 日召开第三届董事会薪酬与考核委员会第一次会议和第三届董事会第二次会 议，会议审议并通过了《关于公司<2025 年限制性股票激励计划（草案）>及 其摘要的议案》等议案。具体内容详见公司于 2025 年 6 月 13 日披露于巨潮资 讯网（www.cninfo.com.cn）的相关公告。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深 圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、《深圳 证券交易所创业板上市公司自律监管指南第 1 号——业务办理》（以下简称 "《自律监管指南第 1 号》"）和《西安诺瓦星云科技股份有限公司章程》（以 下简称"《公司章程》"）等相关规定，公司对 2025 年限制性股票激 ...

证券代码：301589 证券简称：诺瓦星云 公告编号：2025-047 西安诺瓦星云科技股份有限公司（以下简称"公司"）于 2025 年 6 月 9 日 召开了 2025 年第一次临时股东大会，审议通过了《关于提名国瀚文女士为公司 第三届董事会独立董事候选人的议案》《关于提名褚华女士为公司第三届董事会 独立董事候选人的议案》，选举国瀚文女士、褚华女士为公司第三届董事会独立 董事，任期自公司 2025 年第一次临时股东大会审议通过之日起三年。 截至公司 2025 年第一次临时股东大会通知发出之日，尚未取得深圳证券交 易所认可的相关培训证明材料的国瀚文女士、褚华女士已报名参加深圳证券交易 所组织的上市公司独立董事任前培训（线上），同时书面承诺取得深圳证券交易 所认可的独立董事培训证明。 近日，公司收到国瀚文女士、褚华女士的通知，国瀚文女士、褚华女士已按 照相关规定参加了深圳证券交易所举办的上市公司独立董事任前培训（线上）， 并取得由深圳证券交易所创业企业培训中心颁发的《上市公司独立董事培训证 明》。 特此公告。 西安诺瓦星云科技股份有限公司 董 事 会 2025年6月24日 西安诺瓦星云科技股份有限公司 关于独立 ...

Group 1: Future Development Trends - The global market size for Mini LED direct display is expected to reach $3.3 billion by 2028, with a compound annual growth rate (CAGR) of approximately 40% from 2024 to 2028 [2] - The company has proactively laid out relevant technologies in the MLED field and has launched core detection equipment and integrated circuits, anticipating rapid growth in MLED-related revenue [2][3] - The overseas market is expected to maintain good growth momentum despite pressures in the domestic market, supported by a comprehensive overseas sales system and a wide network of partners [3] Group 2: Accounts Receivable and Credit Risk - As of now, 97.98% of the company's accounts receivable are aged within one year, indicating a reasonable aging structure that aligns with sales and credit policies [3] - The company's major clients are leading enterprises in the LED display and commercial display industries, which have strong financial health and low risk of uncollectible accounts [3] Group 3: Impact of US-China Tariff War - The tariff war currently only affects the company's revenue from exports to the US, which constitutes a small portion of total revenue; the display business is exempt from tariffs [4] - The company has established an overseas production base in Thailand to mitigate potential risks associated with the tariff war [4] Group 4: R&D Investment and Achievements - R&D investments from 2022 to 2024 are as follows: ¥319.18 million, ¥441.96 million, and ¥540.27 million, representing 14.68%, 14.47%, and 16.47% of operating revenue respectively [5] - As of the end of 2024, the company holds 1,177 domestic patents (including 656 invention patents), 27 overseas patents (including 22 invention patents), 238 software copyrights, and 14 integrated circuit layout designs [5]

Core Viewpoint - Nova Star Cloud's products and solutions are widely applied in various sports scenarios globally, having served major events including the five major leagues and the World Cup [1] Company Summary - The company has a strong presence in the sports industry, providing services for high-profile football events [1]

Group 1 - The core purpose of the 2025 Restricted Stock Incentive Plan is to enhance the company's long-term incentive mechanism, attract and retain talent, and align the interests of shareholders, the company, and core team members [8][36][37] - The plan involves granting up to 1.7 million shares of restricted stock, accounting for approximately 1.84% of the company's total share capital of 92.448 million shares [10][12] - The initial grant will consist of 1.618582 million shares, representing 1.75% of the total share capital, while 81,418 shares will be reserved, accounting for 0.09% [10][12] Group 2 - The plan's effective period is from the date of grant until all shares are vested or become invalid, with a maximum duration of 60 months [12][19] - The grant price for the restricted stock is set at no less than 71.88 yuan per share, which is based on the average trading price of the company's stock prior to the announcement [19][20] - The plan includes performance assessment criteria based on revenue growth rates for the years 2025 to 2027, with specific targets set for each year [24][25] Group 3 - The incentive plan's beneficiaries include senior management, middle-level management, and key technical personnel, excluding independent directors and major shareholders [31][34] - The plan has undergone necessary legal procedures and disclosures, with the company required to fulfill additional procedures before implementation [29][31][38] - The plan aims to create a shared interest between employees and shareholders, enhancing management efficiency and supporting sustainable development [36][37]

Core Viewpoint - The company is set to implement a restricted stock incentive plan for 2025, which has been reviewed and approved by the Compensation and Assessment Committee, ensuring compliance with relevant laws and regulations [1][2][3] Group 1: Eligibility and Conditions - The company possesses the qualifications to implement the stock incentive plan, with specific conditions outlined for potential incentive recipients [2] - Certain individuals are excluded from being incentive recipients, including those deemed inappropriate by the stock exchange or the China Securities Regulatory Commission (CSRC) within the last 12 months [2] - The incentive plan does not include independent directors or shareholders holding 5% or more of the company's shares [2] Group 2: Disclosure and Approval Process - The company must publicly disclose the names and positions of the incentive recipients at least 10 days prior to the shareholders' meeting [3] - The Compensation and Assessment Committee is responsible for reviewing the incentive list and considering public feedback before the shareholders' meeting [3] - The incentive plan requires approval from the shareholders' meeting before implementation, ensuring that it aligns with legal and regulatory standards [3] Group 3: Objectives and Benefits - The incentive plan aims to create a common interest between employees and shareholders, enhancing management efficiency and supporting sustainable development [3] - The plan is designed to achieve assessment objectives while ensuring that it does not harm the interests of the company and all shareholders [3]

Group 1 - The company Nova Star Cloud (stock code: 301589) is undergoing a review of its compliance with various regulatory requirements related to its stock incentive plan [1][2][4] - The independent financial advisor for the company is Shanghai Rongzheng Enterprise Consulting Service (Group) Co., Ltd [1] - The company has confirmed that there have been no negative audit opinions or issues with internal controls in the most recent accounting year [2][3] Group 2 - The stock incentive plan must comply with regulations regarding the total number of shares involved, which should not exceed 20% of the company's total equity [4][5] - The plan includes performance assessment indicators for directors and senior management as conditions for exercising rights [5][7] - The company is required to disclose the names, positions, and the number of rights granted to the incentive objects, ensuring transparency and compliance with regulations [4][6] Group 3 - The company must ensure that the stock incentive plan does not lead to a distribution of shares that fails to meet listing conditions [4][5] - The plan's objectives, the basis for determining incentive objects, and the number of rights to be granted must be clearly outlined [4][6] - The company is obligated to provide a legal opinion from a law firm regarding the compliance of the stock incentive plan with relevant regulations [8][9]

Meeting Announcement - The company will hold its second extraordinary general meeting of shareholders on June 30, 2025, at 14:30 [1] - The meeting will be conducted in accordance with relevant laws, regulations, and the company's articles of association [1] Voting Procedures - Shareholders can participate in the meeting either in person or through authorized representatives [2] - Online voting will be available through the Shenzhen Stock Exchange trading system and internet voting system on the same day [2][12] - Shareholders must choose either in-person voting or online voting, and duplicate votes will be disregarded [2] Agenda Items - The meeting will review three proposals related to the 2025 Restricted Stock Incentive Plan, which require a two-thirds majority for approval [4][5] - Related shareholders must abstain from voting on these proposals [5] Registration Details - All registered shareholders are entitled to attend the meeting and may appoint proxies to vote on their behalf [6] - Specific identification and authorization documents are required for both individual and corporate shareholders [6] Network Voting Instructions - Detailed procedures for participating in online voting will be provided, including the need for identity verification [12][13] - The voting process will ensure that the first valid vote is counted in case of duplicate submissions [12]

证券代码：301589 证券简称：诺瓦星云 公告编号：2025-044 西安诺瓦星云科技股份有限公司 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。 一、董事会会议召开情况 西安诺瓦星云科技股份有限公司（以下简称"公司"）第三届董事会第二 次会议通知于 2025 年 6 月 9 日以邮件的形式送达全体董事，会议于 2025 年 6 月 12 日以现场结合通讯的方式召开。会议由董事长袁胜春先生主持，应出席 的董事 7 人，实际出席的董事 7 人。董事袁胜春先生、何国经先生、陈卫国先 生以通讯方式参加会议并表决。公司高级管理人员列席本次会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以下 简称"《公司法》"）等相关法律法规以及《公司章程》的规定。 二、董事会会议审议情况 的议案》 为进一步完善公司法人治理结构，建立、健全公司长效激励约束机制，吸 引和留住公司高级管理人员、中基层管理人员及核心技术（业务）骨干，充分 调动其积极性和创造性，有效提升核心团队凝聚力和企业核心竞争力，将股东、 公司和核心团队三方利益结合在一起，使各方共同关注公司的长远发 ...