Core Viewpoint - Longqi Technology, a leading ODM giant, is rapidly pursuing a secondary listing in Hong Kong less than a year after its A-share debut, driven by contrasting performance metrics and a strategic shift towards emerging businesses like AI glasses and automotive electronics [1][2]. Group 1: Company Overview - Longqi Technology, established in 2004, is a global leader in smart products and services, providing solutions for renowned smart product brands and tech companies [2]. - The company has developed a comprehensive smart product ecosystem, focusing on smartphones, personal computing, and automotive electronics, with a diverse product range including tablets, wearables, and TWS headphones [2]. - Longqi Technology is the second-largest consumer electronics ODM manufacturer globally, holding a 22.4% market share, and the largest smartphone ODM manufacturer with a 32.6% market share as of 2024 [2]. Group 2: Financial Performance - The company's revenue figures from 2022 to 2024 show a significant increase, with revenues of 293.43 billion, 271.85 billion, and 463.82 billion respectively, marking a 70.62% year-on-year growth in 2024 [3]. - Despite the revenue growth, the company experienced a decline in revenue in the first three quarters of 2025, totaling 313.32 billion, a 10.3% year-on-year decrease, attributed to weak global demand and insufficient support from emerging businesses [3][4]. - Longqi Technology's net profit from 2022 to the first three quarters of 2025 has shown volatility, with figures of 5.62 billion, 6.03 billion, 4.93 billion, and 5.14 billion respectively, alongside low gross margins of 8.1%, 9.5%, 5.8%, and 8.3% during the same period [4]. Group 3: Strategic Focus and Market Trends - The company is focusing on emerging businesses such as AIoT and automotive electronics to counteract the stagnation in its core smartphone business [5][6]. - AI glasses are identified as a key growth area, with ODM shipments exceeding 2 million units in 2024, and partnerships with leading domestic internet clients for mass production projects [6][7]. - The automotive electronics sector also shows promise, with collaborations established with major clients like Xiaomi and NIO, resulting in over ten designated projects and successful product deliveries [7]. Group 4: Challenges and Future Outlook - Longqi Technology's transition towards new business areas is marked by uncertainty, as the scale of AI PC and automotive electronics remains small and faces intense market competition [7]. - The company's dual listing strategy highlights the challenges of achieving growth in a large but low-margin ODM industry, with future performance dependent on the successful scaling of AIoT and AI PC businesses [7].

Group 1 - MiniMax has officially launched its IPO in Hong Kong, with a total of 25.39 million shares to be issued at a price range of HKD 151 to HKD 165 per share, aiming to raise funds for AI model and product development [1] - MiniMax is recognized as one of the "top four global full-modal companies," with a user base exceeding 200 million, covering both B2C and B2B AI native products [1] Group 2 - Rebio Biotech has initiated its IPO in Hong Kong, planning to issue 27.49 million H-shares at a price of HKD 57.97 per share, with 10% allocated for Hong Kong and 90% for international sales [2] - The company focuses on small nucleic acid drug research, particularly in siRNA therapies, with its core product RBD4059 aimed at treating thrombotic diseases [2] Group 3 - BlueFocus Communication Group has submitted its second listing application to the Hong Kong Stock Exchange, with a focus on providing technology-driven marketing services across various industries [3] - The company aims to leverage its position as a leading marketing firm in China to enhance its global and AI-native business through the upcoming IPO [3] Group 4 - Longqi Technology has passed the listing hearing at the Hong Kong Stock Exchange, being recognized as a leading provider of smart products and services, with significant market shares in both consumer electronics and smartphone ODM sectors [4] - The company holds a 22.4% market share in the global consumer electronics ODM market and a 32.6% share in the smartphone ODM market, indicating its strong industry position [4]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 上海龙旗科技股份有限公司 第四届董事会第十三次会议决议公告 上海龙旗科技股份有限公司（以下简称"公司"）第四届董事会第十三次会 议于2025年12月31日以现场加通讯表决方式召开。本次会议通知已于2025年12 月26日以电子邮件方式发出。会议由董事长杜军红先生主持，会议应到董事7人， 实到董事7人，公司高级管理人员列席会议。本次会议的召集、召开符合有关法 律、行政法规、部门规章、规范性文件和《上海龙旗科技股份有限公司章程》的 规定，表决形成的决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于确定公司 H 股全球发售（包括香港公开发售及国际 发售）及在香港联合交易所有限公司主板上市相关事宜的议案》 董事会同意关于公司 H 股全球发售（包括香港公开发售及国际发售）及在 香港联合交易所有限公司主板上市事宜的相关安排，包括但不限于：批准刊发、 签署符合相关法律法规要求的招股说明书及其他相关文件，批准处理 H 股发行 程序及相关事项，授权相关人士按相关 ...

Core Viewpoint - Shanghai Longqi Technology Co., Ltd. has announced the approval of its H-share global offering and listing on the Hong Kong Stock Exchange, marking a significant step in the company's internationalization strategy [1] Group 1: H-share Global Offering - The board of directors unanimously approved the proposal for H-share global offering, including public and international offerings in Hong Kong, and the listing on the main board of the Hong Kong Stock Exchange [1] - The proposal received 7 votes in favor, with no votes against or abstentions, allowing for a swift progression of the H-share issuance process without needing further shareholder approval [1] Group 2: Governance Structure Revision - The board also approved amendments to the company's articles of association and meeting rules to align with governance requirements post-H-share listing, ensuring compliance with Hong Kong Stock Exchange listing rules and international capital market governance standards [2] - The revised articles and rules will take effect after the H-share listing, with details disclosed in a special announcement on the Shanghai Stock Exchange [2] Group 3: International Expansion - The H-share listing is a crucial initiative for Longqi Technology to expand its international financing channels and enhance its global brand influence [3] - By entering the Hong Kong capital market, the company aims to optimize its capital structure, support technology research and development, market expansion, and global business layout, while attracting international investors and improving governance [3] - As a leading domestic smart hardware ODM service provider, the company is expected to leverage Hong Kong's status as an international financial center to strengthen collaboration with global industry partners [3] Group 4: Company Overview - Shanghai Longqi Technology Co., Ltd. specializes in the research, design, and manufacturing of smart hardware, including smartphones, IoT devices, and wearables, serving major global consumer electronics brands [4] - The upcoming H-share listing is anticipated to propel the company into a new phase of international development [4]

2025年第六次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 证券代码：603341 证券简称：龙旗科技 公告编号：2026-003 上海龙旗科技股份有限公司 一、 会议召开和出席情况 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 266 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 215,399,366 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 46.5394 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长杜军红先生主持了会议。本次会议的召 集、召开和表决均符合《公司法》等有关法律、法规、规章及《公司章程》的规 定。 (一) 股东会召开的时间：2025 年 12 月 31 日 (二) 股东会召开的地点：上海市徐汇区漕宝路 401 号 ...

上海龙旗科技股份有限公司（以下简称"公司"）正在进行申请发行H股股 票并在香港联合交易所有限公司（以下简称"香港联交所"）主板挂牌上市（以 下简称"本次发行上市"）的相关工作。 证券代码：603341 证券简称：龙旗科技 公告编号：2026-004 上海龙旗科技股份有限公司 关于刊发 H 股发行聆讯后资料集的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025年6月27日，公司向香港联交所递交了本次发行上市的申请，并于同日 在香港联交所网站刊登了本次发行上市的申请资料。具体内容详见公司于2025 年6月30日在上海证券交易所网站披露的《关于向香港联交所递交H股发行并上 市的申请并刊发申请资料的公告》（公告编号：2025-078）。 2025年12月9日，公司收到中国证券监督管理委员会（以下简称"中国证监 会"）出具的《关于上海龙旗科技股份有限公司境外发行上市备案通知书》（国合 函〔2025〕2210号），中国证监会对公司本次发行上市备案信息予以确认。具体 内容详见公司于2025年12月11日在上海证券交易所网站披露的 ...

上海龙旗科技股份有限公司 章程（草案）（H 股发行并上市后适用） 章 程（草案） （H 股发行并上市后适用） 二〇二五年十二月 1 | 第一章 | 总 则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股 份 | 5 | | 第一节 | 股份发行 | 5 | | 第二节 | 股份增减和回购 | 8 | | 第三节 | 股份转让 | 9 | | 第四章 | 股东和股东会 10 | | | 第一节 | 股东的一般规定 10 | | | 第二节 | 控股股东和实际控制人 14 | | | 第三节 | 股东会的一般规定 15 | | | 第四节 | 股东会的召集 17 | | | 第五节 | 股东会的提案与通知 19 | | | 第六节 | 股东会的召开 21 | | | 第七节 | 股东会的表决和决议 25 | | | 第五章 | 董事和董事会 29 | | | 第一节 | 董事的一般规定 29 | | | 第二节 | 董事会 | 33 | | 第三节 | 独立董事 | 43 | | 第四节 | 董事会专门委员会 45 | | | 第六章 | 高级管 ...

根据上述授权，公司于 2025 年 12 月 31 日召开第四届董事会第十三次会议， 审议通过了《关于修订公司于 H 股发行上市后生效的<上海龙旗科技股份有限公 司章程（草案）>及相关议事规则（草案）的议案》，对《公司章程（草案）》 及《上海龙旗科技股份有限公司股东会议事规则（草案）（H 股发行并上市后适 用）》（以下简称"《股东会议事规则（草案）》"）予以修订，现将相关内容 公告如下： 证券代码：603341 证券简称：龙旗科技 公告编号：2026-002 上海龙旗科技股份有限公司 关于修订公司于 H 股发行上市后生效的《上海龙旗科技股份有 限公司章程（草案）》及相关议事规则（草案）的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 6 月 9 日，上海龙旗科技股份有限公司（以下简称"公司"）召开 了 2025 年第四次临时股东大会，审议通过了《关于制定公司于 H 股发行上市后 生效的<上海龙旗科技股份有限公司章程（草案）>及相关议事规则（草案）的 议案》。该次股东大会授权董事会及其授权人士，为本次发行上市 ...

上海龙旗科技股份有限公司 股东会议事规则（草案） （H 股发行并上市后适用） 第一章 总 则 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应 当勤勉尽责，确保股东会正常召开和依法行使职权。 如临时股东会是因应公司股票上市地证券监管规则的规定而召开，临时股 东会的实际召开日期可根据公司股票上市地证券监管规则的规定而调整。 1 第一条 为规范上海龙旗科技股份有限公司（以下简称"公司"）运作，充分发挥 股东会的作用，保证股东会依法行使职权，提高股东会议事效率，保障股 东合法权益，保证股东会程序及决议的合法性，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》《上市公 司股东会规则》《上海证券交易所股票上市规则》《香港联合交易所有限 公司证券上市规则》等有关法律、行政法规和规范性文件的规定制定本规 则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、公司股票上市地证券监管规则、《上 海龙旗科技股份有限公司章程》（以下简称"《公司章程》"）及本规则 的相关规定召开股东会，保证股东能够依法行使权利。 第四条 股东会应当 ...

每经头条（nbdtoutiao）——2025十大财经新闻出炉！护航、酣战、变局、狂飙分别指向哪些大事件？ 每经AI快讯，龙旗科技12月31日晚间发布公告称，公司第四届第十三次董事会会议于2025年12月31日 以现场加通讯表决方式召开。会议审议了《关于修订公司于H股发行上市后生效的 <上海龙旗科技股份 有限公司章程 草案="草案"> 及相关议事规则（草案）的议案》等文件。 （记者 曾健辉） ...