锐捷网络股份有限公司 2025 年限制性股票激励计划激励对象名单 锐捷网络股份有限公司 2、本激励计划涉及的激励对象不包括公司独立董事、监事、单独或合计持有公司 5%以 上股份的股东、实际控制人及其配偶、父母、子女。 3、上表中部分合计数与各明细数相加之和在尾数上如有差异，系以上百分比结果四舍五 入所致。 锐捷网络股份有限公司董事会 2025 年 9 月 29 日 1 2025 年限制性股票激励计划激励对象名单 | | | | | | 获授的第二类限 | 占本激励计划拟 | 占本激励计划草 | | --- | --- | --- | --- | --- | | 姓名 | 职务 | 制性股票数量 | 授出全部权益数 | 案公布日股本总 | | | | （万股） | 量的比例 | 额的比例 | | 刘忠东 | 董事、总经理 | 14.00 | 1.76% | 0.02% | | 陈宏涛 | 董事、副总经理 | 11.50 | 1.45% | 0.01% | | 刘弘瑜 | 副总经理、财务 负责人 | 11.50 | 1.45% | 0.01% | | 诸益平 | 副总经理 | 11.50 | 1.45% | 0. ...

锐捷网络股份有限公司 2025 年限制性股票激励计划（草案） 证券简称：锐捷网络 证券代码：301165 锐捷网络股份有限公司 2025 年限制性股票激励计划（草案） 二〇二五年九月 锐捷网络股份有限公司 2025 年限制性股票激励计划（草案） 声明 本公司及董事会、监事会全体成员保证本激励计划及其摘要内容的真实、准 确和完整，没有虚假记载、误导性陈述或重大遗漏。 1 锐捷网络股份有限公司 2025 年限制性股票激励计划（草案） 特别提示 一、《锐捷网络股份有限公司 2025 年限制性股票激励计划（草案）》由锐 捷网络股份有限公司（以下简称"锐捷网络""公司"或"本公司"）依据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励管理办法》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所创业板上市公司自律 监管指南第 1 号——业务办理》《国有控股上市公司（境内）实施股权激励试行 办法》（国资发分配〔2006〕175 号）、《关于规范国有控股上市公司实施股权 激励制度有关问题的通知》（国资发分配〔2008〕171 号）、《中央企业控股上 市公司实施股权激励工作指引》（国资考分〔2020〕1 ...

除非特别指明，本办法中涉及用语的含义与激励计划草案中该等名词的含义 相同。 锐捷网络股份有限公司 2025 年限制性股票激励计划管理办法 锐捷网络股份有限公司 2025 年限制性股票激励计划管理办法 一、总则 为贯彻落实锐捷网络股份有限公司（以下简称"公司"）2025 年限制性股票 激励计划，明确 2025 年限制性股票激励计划的管理机构及其职责、实施流程、授 予及归属程序、特殊情况的处理、信息披露、财务会计与税收处理、监督管理等 各项内容，特制定本办法。 本办法根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司股权激励管理办法》《国有控股上市公司（境内）实施股权激励试行办法》（国 资发分配〔2006〕175 号）、《关于规范国有控股上市公司实施股权激励制度有关 问题的通知》（国资发分配〔2008〕171 号）、《中央企业控股上市公司实施股权 激励工作指引》（国资考分〔2020〕178 号）等法律、法规及规范性文件的有关规 定，结合《公司章程》及《2025 年限制性股票激励计划（草案）》（以下简称"激 励计划"或"本激励计划"）制定，经公司股东大会审议通过后生效。 二、 管理机构及其职责权限 （ ...

锐捷网络股份有限公司 2025 年限制性股票激励计划实施考核管理办法 锐捷网络股份有限公司 2025 年限制性股票激励计划 实施考核管理办法 锐捷网络股份有限公司（以下简称"公司"或"锐捷网络"）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，吸引和留住核心人才， 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，有效 地将股东、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 展，确保公司发展战略和经营目标的实现，在充分保障股东利益的前提下，按照 激励与约束对等的原则，制定了《锐捷网络 2025 年限制性股票激励计划（草案）》。 为保证公司 2025 年限制性股票激励计划（以下简称"本激励计划"）的顺 利推进及有序实施，现根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市规则》《深圳 证券交易所创业板上市公司自律监管指南第 1 号——业务办理》《国有控股上市 公司（境内）实施股权激励试行办法》（国资发分配〔2006〕175 号）、《关于 规范国有控股上市公司实施股权激励制度有关问题的通知》（国资发分配〔 ...

证券代码：301165 证券简称：锐捷网络 公告编号：2025-035 锐捷网络股份有限公司 第四届监事会第七次会议决议公告 本公司及监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。 具体内容详见公司同日于巨潮资讯网（http://www.cninfo.com.cn）披露的 《2025 年限制性股票激励计划（草案）》及《2025 年限制性股票激励计划（草案） 摘要》。 表决结果：全体监事以 3 票同意、0 票反对、0 票弃权通过。 本议案尚需提交股东大会审议。 一、监事会会议召开情况 锐捷网络股份有限公司（以下简称"公司"）于 2025 年 9 月 24 日以电子邮 件方式向公司全体监事发出关于召开第四届监事会第七次会议的通知，并于 2025 年 9 月 29 日在公司会议室以通讯方式召开。会议由公司监事会主席李怀宇 先生召集并主持，应参加监事 3 人，实参加监事 3 人，会议的召集、召开及表决 程序符合《公司法》及《公司章程》的规定。 二、监事会会议审议情况 经审议，本次会议以记名表决方式通过了如下议案： （一）关于《锐捷网络股份有限公司 2025 年限制性股票激励计 ...

锐捷网络股份有限公司 董事会薪酬与考核委员会关于公司 2025 年限制性股票激励计划（草 案）的核查意见 锐捷网络股份有限公司（以下简称"公司"）董事会薪酬与考核委员会根据 《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 "《业务办理指南》"）等有关法律、行政法规和规范性文件以及《公司章程》的 相关规定，对《锐捷网络股份有限公司 2025 年限制性股票激励计划（草案）》（以 下简称"本激励计划"）及其他相关资料进行审核，发表核查意见如下： 一、公司《2025 年限制性股票激励计划（草案）》及其摘要的内容符合《公 司法》《证券法》《管理办法》《国有控股上市公司（境内）实施股权激励试行办 法》《关于规范国有控股上市公司实施股权激励制度有关问题的通知》《中央企业 控股上市公司实施股权激励工作指引》等相关法律、法规及规范性文件的规定， 履行了相关的法定程序， ...

证券代码：301165 证券简称：锐捷网络 公告编号：2025-034 锐捷网络股份有限公司 第四届董事会第七次会议决议公告 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。 一、董事会会议召开情况 锐捷网络股份有限公司（以下简称"公司"）于 2025 年 9 月 24 日以电子邮件 方式向公司各位董事、监事发出关于召开第四届董事会第七次会议的通知，并于 2025 年 9 月 29 日在公司会议室以通讯方式召开。会议由公司董事长阮加勇先生 召集并主持，应出席董事 8 名，实出席董事 8 名。全体监事列席了会议。本次会 议的召集、召开及表决程序符合《公司法》及《公司章程》的规定。 表决结果：非关联董事以 6 票同意、0 票反对、0 票弃权通过。关联董事刘 忠东、陈宏涛回避表决。 本议案尚需提交股东大会审议。 二、董事会会议审议情况 经审议，本次会议以记名表决方式逐项通过了如下议案： （一）关于《锐捷网络股份有限公司 2025 年限制性股票激励计划（草案）》 及其摘要的议案 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 和留住核心人才，充分调动 ...

Summary of Key Points from Conference Call Records Industry Overview - The conference call primarily discusses the developments in the domestic computing power industry, particularly focusing on AI hardware and data center infrastructure in China, with significant contributions from companies like Alibaba, Huawei, and ByteDance [1][2][3]. Core Insights and Arguments - **Domestic Computing Power Commercialization**: A commercial closed loop for domestic computing power is expected to form and strengthen by October 2024, driven by advancements in AI models and breakthroughs in chip technology from companies like Huawei and Cambricon [1][3]. - **Data Center Growth**: Alibaba's data center capacity is projected to reach 10 times its 2022 levels by 2032, with annual additions of 6-7 GW [1][4]. - **AI Hardware Ecosystem**: The domestic AI hardware ecosystem is rapidly developing, with companies like ZTE and ByteDance entering the chip market, indicating strong demand for training and inference models [1][6]. - **Token Consumption**: ByteDance's token consumption has surpassed that of Google, highlighting a significant increase in demand for AI applications [4]. - **Profitability Improvements**: Companies in the domestic computing power sector, such as Huafeng and Ruijie Networks, have shown notable improvements in gross and net profit margins [22]. Important Developments - **Technological Innovations**: Alibaba's new Cube 5.0 data center design emphasizes rapid delivery and compatibility with future technologies, including both air and liquid cooling systems [16][17]. - **Interconnect Protocols**: The introduction of open interconnect protocols by Alibaba, Huawei, and Haiguang facilitates better integration among GPU and switch chip companies, enhancing overall system efficiency [5][9]. - **Liquid Cooling Demand**: There is a significant increase in demand for liquid cooling technologies, with many companies participating in various cooling components [11][26]. - **AI Server Cooling Technologies**: New materials like liquid metal and graphene are being explored for AI server cooling, with Alibaba adopting liquid metal solutions to manage high power outputs [18]. Additional Noteworthy Content - **Market Trends**: The global computing power market has experienced significant fluctuations, with domestic computing power previously facing challenges such as limited capital expenditure and restrictions on high-quality model training due to chip bans [2]. - **Future Infrastructure Needs**: The demand for data center infrastructure is expected to rise, with Alibaba planning to increase its energy consumption tenfold by 2032, indicating a positive outlook for the industry [19][20]. - **Emerging Competitors**: The domestic computing power landscape is evolving, with companies developing their own GPUs and launching new products, reflecting a shift towards self-sufficiency in technology [21]. This summary encapsulates the key points discussed in the conference call, highlighting the advancements and trends within the domestic computing power industry and the strategic moves by leading companies.

Core Insights - Alibaba announced a significant investment of 380 billion yuan in AI infrastructure, aiming to increase the energy efficiency of its global data centers by tenfold by 2032 compared to 2022 [1] Group 1: Core Partners in Computing Infrastructure - The computing infrastructure is the most direct beneficiary of Alibaba Cloud's investments, providing essential hardware and environmental support for AI computing [3] Group 2: Key Components and Technology Suppliers - Efficient operation of data centers relies on critical technologies and components, including: - **Optical Modules**: Core suppliers include Guoxun Technology and Zhongji Xuchuang, the latter being a global leader in optical modules [4] - **Network Equipment**: Ruijie Networks is a key supplier of switches for Alibaba Cloud data centers, holding a significant market share [4] - **Liquid Cooling**: Invek is a leader in precision temperature control for data centers, providing liquid cooling systems, while Gaolan Co. focuses on liquid cooling solutions [4] Group 3: Industry Applications and Ecosystem Partners - Various companies are integrating Alibaba Cloud's cloud computing and AI capabilities with specific industry scenarios to drive technology implementation, including: - **Data Port**: Considered Alibaba Cloud's core IDC supplier, closely tied to Alibaba Cloud's business [5] - **Inspur Information**: A leading domestic AI server provider and a core supplier of servers for Alibaba Cloud, particularly in the AI server sector [5] - **Hangzhou Steel**: Collaborating with Alibaba Group to invest 15.8 billion yuan in a cloud computing data center project in Zhejiang [5] - **Runjian Co.**: Partnering with Alibaba Cloud to co-build the "China-ASEAN Intelligent Computing Cloud" project, responsible for providing computing servers [5] - **Hengsheng Electronics**: A fintech leader and part of the Alibaba ecosystem, collaborating with Alibaba Cloud to develop financial-grade large model solutions [5] - **Shiji Information**: A leading company in hotel information technology, maintaining a long-term strategic partnership with Alibaba Cloud [5] - **Qianfang Technology**: Alibaba is a shareholder, and both companies are deeply collaborating on the "City Brain" smart transportation project [7]

Core Insights - Major domestic internet companies are launching cloud overseas strategies and utilizing debt financing to support these initiatives [1] - Alibaba Cloud plans to invest over 380 billion RMB in the next three years for cloud and AI hardware infrastructure, exceeding the total investment of the past decade [1] - Tencent Cloud has embraced internationalization, achieving high double-digit growth in international business over the past three years, with a doubling of overseas customer scale [2] Group 1: Cloud Overseas Strategies - Domestic internet giants are releasing cloud overseas strategic plans and leveraging debt financing to establish a foundation for these initiatives [1] - Alibaba Cloud aims to create a global cloud computing network covering China, Japan, South Korea, Southeast Asia, the Middle East, Europe, and the Americas, with a unified technical architecture and service platform [1] - Tencent Cloud has completed multiple product and function upgrades to adapt to the global technology ecosystem, with over 90% of internet companies and 95% of leading gaming companies choosing Tencent Cloud for their overseas ventures [2] Group 2: AI and Cloud Integration - The demand for AI overseas from internet giants is driving rapid expansion, with Tencent integrating models, computing power, and data across various sectors [2] - Alibaba is accelerating the deployment of AI applications to support numerous AI application enterprises [2] - ByteDance's overseas AI product matrix includes various fields such as chatbots, education, and emotional companionship, while Baidu is advancing its AI applications like Robotaxi and AI cameras [2][3] Group 3: Market Demand - There is a clear demand for AI and cloud solutions from Chinese enterprises, including industry leaders like BYD and Midea, as well as emerging unicorns like miHoYo [3] - The overseas market is experiencing significant growth in demand for localized AI applications, providing new business opportunities for internet giants [3] Group 4: Investment Recommendations - Suggested stocks include Alibaba Group-W (09988), Tencent Holdings (00700), and Baidu Group-SW (09888) in the cloud platform sector [4] - For computing power leasing, recommended stocks are Hongjing Technology (301396.SZ), Xiechuang Data (300857.SZ), and Youfang Technology (688159.SH) [4] - In the optical communication sector, notable companies include Dekeli (688205.SH), Shijia Photon (688313.SH), and Guangku Technology (300620.SZ) [5]