扬帆新材料（浙江）股份有限公司 （2025 年 8 月） 第一章 总则 第一条 为规范扬帆新材料（浙江）股份有限公司（以下简称"公司"）信息 披露暂缓与豁免行为，确保公司及相关信息披露义务人（以下简称"信息披露义 务人"）依法合规履行信息披露义务，根据《中华人民共和国证券法》 《上市公司 信息披露暂缓与豁免管理规定》 （以下简称"《暂缓与豁免管理规定》"）、 《深圳证 券交易所创业板股票上市规则》 （以下简称"《上市规则》"）、 《扬帆新材料（浙江） 公司信息披露管理制度》等规定，结合公司实际情况，制定本制度。 第二条 信息披露义务人按照《暂缓与豁免管理规定》 《上市规则》及其他相 关法律、法规、规范性文件的规定，暂缓、豁免披露临时报告，在定期报告、临 时报告中豁免披露中国证券监督管理委员会（以下简称"中国证监会"）和深圳 证券交易所（以下简称"深交所"）规定或者要求披露的内容，适用本制度。 第二章 信息披露暂缓与豁免的范围 股份有限公司章程》 （以下简称"《公司章程》"）、 《扬帆新材料（浙江）股份有限 第三条 信息披露义务人应当审慎确定信息披露暂缓、豁免事项，履行内部 审核程序后实施。 暂缓、豁免事项的范 ...

Core Viewpoint - The court case involving a "Honor of Kings" player and Tencent centers on whether the game's matchmaking algorithm should be considered a trade secret, with both parties seeking a balance between protecting Tencent's commercial interests and addressing player rights [1][2]. Group 1: Court Proceedings - The court hearing took place in Shenzhen, lasting from 2:30 PM to approximately 7:30 PM [1]. - The main focus of the hearing was the dispute over whether the matchmaking algorithm is a commercial secret, with both sides presenting evidence and arguments [1]. - Due to additional evidence submitted by Tencent before the hearing, the case could not be fully resolved in court, and written opinions will be submitted later [1]. Group 2: Positions of the Parties - Tencent argues that the matchmaking algorithm is a technical secret that should not be disclosed, citing concerns that public access could lead to misuse by black market operators, such as cheating software [1]. - The player, represented by lawyer Sun Qian, believes that a balance can be struck between protecting Tencent's trade secrets and ensuring players' right to know, aiming for a solution that maximizes the interests of both parties [1][2]. Group 3: Tencent's Response - As of the time of reporting, Tencent had not provided an official response to inquiries regarding the case [4].

新浪科技讯 8月12日晚间消息，《王者荣耀》玩家、律师孙千和起诉腾讯要求公开王者荣耀匹配机制一 案在深圳市南山区人民法院开庭。当事人孙千和表示，庭审于今日下午2：30开始，持续至约下午7：30 结束。 孙千和向新浪科技等表示，本次庭审主要围绕匹配算法是否属于商业秘密的争议焦点展开，双方就该技 术秘密是否已公开进行了举证和辩论，尽管分歧较大，但均同意在维护被告商业秘密的前提下，尝试找 到满足玩家合理诉求的平衡点。 她表示，案件庭审已经结束，由于对方在开庭前补充提交了部分证据，导致未能当庭完成质证，后续将 通过提交书面质证意见给法院，预计不再另行开庭。 对于案件相关问题，新浪科技向腾讯进行求证，截至发稿官方暂未回应。（罗宁） 责任编辑：何俊熹 关于案件，孙千和表示，腾讯认为《王者荣耀》的匹配算法属于技术秘密，不宜公开，并指出已在多个 公开渠道对匹配机制进行了说明。他们担心算法公开可能导致黑产滥用，如外挂等问题，进而损害玩家 利益。对此，孙千和认为腾讯能够在保护技术秘密与保障玩家知情权之间寻找平衡点，以实现双方利益 的最大化。 "我希望双方能找到一个合适的度，按照这个最低限度知情的原则，既保护了他们所说的技术秘密， ...

General Principles - The company establishes a system for the management of information disclosure deferral and exemption to ensure compliance with relevant laws and regulations [1][2] - Information disclosure obligations must be fulfilled according to the Securities Law and other applicable regulations [1] Scope of Deferral and Exemption - Information can be deferred or exempted from disclosure if it involves state secrets or commercial secrets that could lead to unfair competition or harm the interests of the company or others [2][3] - The company must take effective measures to prevent the leakage of deferred or exempted information [2] Internal Management - The company must carefully determine the scope of deferral and exemption and cannot arbitrarily expand it [4][5] - A formal internal approval process is required for deferring or exempting information disclosure, including documentation and record-keeping [5][6] Reporting and Accountability - The company is required to report any deferred or exempted information to the relevant regulatory bodies within ten days after the publication of periodic reports [6][12] - A responsibility accountability mechanism is established for any violations of the deferral and exemption provisions, with potential penalties for responsible personnel [6][7]

Core Viewpoint - The article discusses the challenges faced by Haichen Energy Storage, particularly in light of legal issues and its upcoming IPO, which may impact its market position and financial stability [5][7][14]. Group 1: Legal Issues and IPO Impact - Haichen Energy Storage's president was detained for allegedly infringing on trade secrets, which has raised concerns about the company's IPO prospects [5][7]. - The company must demonstrate to regulators that ongoing litigation does not affect its operational capabilities, or it risks delays or termination of its IPO process [7][8]. - The legal troubles stem from competitive tensions with CATL, with Haichen asserting that the disputed technology is publicly known and not a trade secret [9][11]. Group 2: Company Background and Growth - Founded in 2019, Haichen Energy Storage has rapidly grown to become the third-largest energy storage battery manufacturer globally, focusing on lithium-ion storage solutions [16][14]. - The company has completed four rounds of financing, raising a total of 8 billion RMB, and has shown impressive revenue growth, with a compound annual growth rate of 89% from 2021 to 2024 [17][19]. - Despite its growth, the company faces financial risks, with accounts receivable surging from 22.3 million RMB in 2022 to 8.315 billion RMB in 2024, representing 69.5% of its revenue [19]. Group 3: International Expansion and Market Challenges - Haichen's international revenue share increased from 0% in 2022 to 28.6% in 2024, with significant contributions from the U.S. market [21][23]. - The company has faced challenges due to the recent bankruptcy of a major U.S. client, Powin, although it claims no direct financial impact from this event [23][24]. - The U.S. market's shrinking demand for energy storage solutions, exacerbated by recent legislative changes, poses a significant risk to Haichen's overseas operations and overall financial health [24][25].

Group 1 - Tencent is facing simultaneous lawsuits both domestically and internationally, with Sony accusing Tencent of copying its game "Horizon" in the game "Wild Origin" and filing a lawsuit in California federal court [2] - A player of "Honor of Kings" has sued Tencent over the game's matchmaking system, claiming it lacks transparency and demanding the disclosure of algorithm weight parameters, with the case set to be heard on August 12 in Shenzhen [2] - The player alleges that after winning streaks, the system intentionally matches them with "actor teammates" or higher-ranked opponents, resulting in a win rate that hovers around 50% [2] Group 2 - Tencent's official response denies manipulating win rates, stating that the goal is to achieve "evenly matched games," attributing winning and losing streaks to player skill fluctuations or opponent strategy adjustments, unrelated to the algorithm [2] - The lawsuit has garnered significant public attention due to the popularity of "Honor of Kings," with related topics on Douyin exceeding 1 billion views, sparking debates about whether game algorithms are "black boxes" and if core algorithms are considered trade secrets [2] - According to the Consumer Rights Protection Law, consumers have the right to know the true conditions of the products or services they purchase, which may impact the outcome of the lawsuits regarding algorithm transparency [3]

Group 1 - The president of Haicheng Energy, Feng Dengkai, has been reported for allegedly infringing on trade secrets and has been taken into custody by the police in Ningde, Fujian [1][3] - Haicheng Energy issued a statement claiming that the technology in question, "composite electrolyte technology," is publicly known and does not constitute a trade secret, asserting that the dispute will not adversely affect its operations [3][4] - The company clarified that it has not used the disputed technology in any products and is providing support to Feng Dengkai and his family during the ongoing investigation [3][4] Group 2 - The company addressed rumors regarding its chairman's spouse's age and the bankruptcy of its major U.S. customer, Powin, stating that these claims are false and that the bankruptcy will not impact its operations [3][4] - Haicheng Energy's 587Ah battery cell is claimed to be fully self-developed and not in violation of any competition laws, with no legal documents confirming any unfair competition claims against the company [4][5] - The company has been involved in ongoing disputes with Ningde Times, including a civil lawsuit filed by Ningde Times for unfair competition, with a court hearing scheduled for August 12 [4][5] Group 3 - Founded in 2019, Haicheng Energy focuses on providing energy storage battery solutions and has rapidly developed into the third-largest energy storage battery company globally by shipment volume [5][6] - The company is currently in the process of listing on the Hong Kong Stock Exchange, with projected revenue of 12.917 billion yuan and an adjusted net profit of 318 million yuan for 2024 [5][6] - The chairman, Wu Zuyu, and several executives have backgrounds in Ningde Times, but this has not led to a positive relationship, as disputes have arisen over competition and employment agreements [6]

Group 1 - The recent arrest of Feng Dengke, a senior executive at Haicheng Energy, is linked to allegations of commercial secret infringement, initiated by CATL, a leading player in the energy storage industry [1] - The case involves suspicious patent transfers from Shenzhen Haihong New Energy Technology Co., which transferred multiple "collective fluid" related patents to Haicheng Energy in 2022 before being dissolved in 2023 [1] - Feng Dengke's previous roles include positions at Haicheng Energy and its subsidiary Haicheng Green Energy, where he was involved in business development rather than technical research [2] Group 2 - The timing of Feng Dengke's legal issues coincides with Haicheng Energy's efforts to pursue an IPO, raising concerns about potential impacts on the company's operations and IPO progress [2] - CATL has been increasingly vigilant regarding patent infringement and unfair competition, having previously sued several competitors, including Tafiel New Energy and Zhongchuang Xinhang [3] - The ongoing legal disputes between CATL and Haicheng Energy, including a lawsuit filed by CATL for unfair competition, highlight the intense rivalry and historical grievances between the two companies [3]

信息披露暂缓与豁免管理制度 第一章 总则 第一条 为规范电光防爆科技股份有限公司（以下简称"公司"）和其他信 息披露义务人的信息披露暂缓、豁免行为，督促公司及其他信息披露义务人依法、 合规履行信息披露义务，保护投资者的合法权益，根据《上市公司信息披露管理办 法》《上市公司信息披露暂缓与豁免管理规定》《深圳证券交易所股票上市规则》 等法律法规、规范性文件及公司相关制度规定，结合公司实际情况，制定本制度。 第二条 公司和其他信息披露义务人按照《上市公司信息披露暂缓与豁免管 理规定》《深圳证券交易所股票上市规则》及其他相关法律法规、规范性文件的 规定，办理信息披露暂缓、豁免事项的，适用本制度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地 披露信息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不得实 施内幕交易、操纵市场等违法行为。 第四条 公司和其他信息披露义务人应当审慎确定信息披露暂缓、豁免事项， 履行内部审核程序，并接受相关监管部门的监管。 第二章 暂缓、豁免披露信息的范围及条件 电光防爆科技股份有限公司 信息披露暂缓与豁免管理制度 电光防爆科技股份有限公司 公司和其他信息披露 ...

Core Viewpoint - The president's office director of Hichain Energy, Feng Dengkai, has been taken into custody by police in Ningde for allegedly infringing on trade secrets, following a report by Ningde Times, which has provided evidence to the authorities [3]. Group 1: Company Overview - Hichain Energy, founded by former Ningde Times engineer Wu Zuyu, has quickly risen to become one of the top three global suppliers of lithium-ion energy storage batteries, with a shipment volume of 35.1 GWh, trailing only Ningde Times and Yiwei Lithium Energy [3]. - The company submitted its prospectus to the Hong Kong Stock Exchange on March 25, 2023, and is experiencing rapid revenue growth, with projections showing an increase from 3.615 billion yuan in 2022 to 12.917 billion yuan in 2024, representing a compound annual growth rate of 89% [3]. Group 2: Financial Performance - Hichain Energy's gross profit margin has improved from 11.3% to 17.9%, with a forecasted net profit of 288 million yuan in 2024, marking its first profitable year [3]. - The company's current debt ratio stands at 73.1%, with short-term loans amounting to 3.658 billion yuan and cash reserves of only 4.294 billion yuan, raising concerns about potential cash flow issues if the ongoing legal disputes result in significant financial penalties [4]. Group 3: Legal Issues - Ningde Times has initiated legal action against Hichain Energy and Wu Zuyu, citing unfair competition, with a court hearing scheduled for August 12, 2023. The lawsuit claims that Hichain's 587Ah battery cell closely resembles Ningde's patented products, with a density deviation of only 4.4%, significantly below the industry threshold of 10% [3][4].