Core Viewpoint - The company, Si Rui Pu Microelectronics Technology (Suzhou) Co., Ltd., is issuing convertible bonds and raising funds through stock issuance to acquire 100% equity of Chuangxin Micro, with a total transaction price of 1.06 billion RMB [8][22]. Group 1: Transaction Overview - The company plans to issue 3,047,535 shares of common stock at a price of 125.80 RMB per share to raise a total of 383.38 million RMB [3][28]. - The convertible bonds will be issued to a maximum of 35 specific investors, with a total amount not exceeding 383.38 million RMB, which will be used for cash consideration and intermediary fees related to the acquisition [22][23]. - The acquisition of Chuangxin Micro will be completed after the issuance of convertible bonds and stock, with the latter not being a prerequisite for the former [8][9]. Group 2: Financial Details - The valuation of Chuangxin Micro's 100% equity is assessed at 1.066 billion RMB as of September 30, 2023, using market and income approaches [8]. - The initial conversion price for the bonds is set at 158 RMB per share, which is not less than 80% of the average trading price over the previous 20 trading days [10][11]. - The bonds will have a maturity of four years, with an annual interest rate of 0.01% [12][14]. Group 3: Regulatory Compliance - The issuance of shares and convertible bonds complies with the relevant regulations of the Securities Law and the Shanghai Stock Exchange [6][27]. - The company has completed all necessary decision-making and approval processes for the transaction, with no outstanding approvals required [25][26]. - The stock issued will have a lock-up period of six months post-issuance, during which the shares cannot be transferred [23][28].

Group 1: Core Insights - The implementation of the "Implementation Opinions" by the China Securities Regulatory Commission (CSRC) has significantly enhanced the inclusiveness and adaptability of the capital market, particularly in supporting technology-driven enterprises [1][2] - Since the issuance of the "Implementation Opinions," 46 companies have listed on the A-share market, raising a total of 54.261 billion yuan, with 44 of these being strategic emerging industry enterprises [1] - The introduction of the "1+6" reform measures for the Sci-Tech Innovation Board (STAR Market) aims to support high-quality technology companies, including those in artificial intelligence and aerospace [2][3] Group 2: Market Developments - The ChiNext Board has also initiated reforms to support unprofitable innovative enterprises, with the third listing standard now in effect [3] - As of August 5, 134 companies have submitted listing applications across various exchanges, with unprofitable tech firms making up a portion of these applications [3] - The CSRC is expected to continue enhancing the ChiNext reforms, focusing on improving the adaptability of the system for unprofitable high-tech companies [4] Group 3: Mergers and Acquisitions - The activity in mergers and acquisitions (M&A) has surged, with 113 major asset restructuring cases disclosed by listed companies in 2023, marking a year-on-year increase of 105.45% [6][7] - The "M&A Six Articles" and the revised "Major Asset Restructuring Management Measures" have facilitated a shift towards industry integration and upgrading through M&A [6] - The regulatory environment is evolving to support technology-intensive industries, with mechanisms in place to enhance the efficiency of M&A financing [7] Group 4: Bond Market Developments - The bond market has seen a significant increase in the issuance of technology innovation bonds, with a total issuance of 838.527 billion yuan since May 8, 2023, representing a year-on-year growth of 184.75% [8][9] - The introduction of technology bond ETFs has further strengthened the bond market, with a total scale exceeding 110.248 billion yuan as of August 4, 2023 [9] - The bond market is transitioning from a "blood transfusion" financing tool to a "blood production" development platform, effectively supporting early-stage technology projects [9]

Core Points - The meeting held on July 31 aimed to enhance communication between government and entrepreneurs, focusing on high-quality economic development [3][9] - The government of Qingzhen is committed to improving the business environment and supporting the growth of private enterprises [3][5] - The city has organized multiple meetings since April to address the needs of businesses and foster collaboration [3][5] Group 1 - The Qingzhen government emphasizes its increasing support for the private economy, aiming to create a benchmark business environment in the province [3][5] - The meetings have collectively resolved 89 business issues and allocated 1.2 billion yuan in subsidies [5] - The government is adopting a proactive approach, treating entrepreneurs as family and prioritizing their needs [5][8] Group 2 - The recent meetings have highlighted a shift in government-business relations, with entrepreneurs being given prominent seating to signify respect [6] - The city has implemented a "Tuesday Reception Day" for private enterprises to facilitate direct communication and problem-solving [5][11] - Qingzhen's GDP reached 16.585 billion yuan in the first half of the year, with a year-on-year growth of 5.2%, particularly driven by a 7.5% increase in the tertiary sector [8]

Group 1 - The company has approved a share repurchase plan using its own and self-raised funds, with a total amount between RMB 30 million and RMB 50 million, and a maximum repurchase price of RMB 51.58 per share [2][8] - As of the end of July 2025, the company has repurchased a total of 99,300 shares, accounting for 0.10% of the total share capital, with a total expenditure of RMB 3,458,745 [3] - The company will adjust the maximum repurchase price to RMB 51.48 per share starting from August 7, 2025, due to the implementation of the 2024 annual profit distribution [10][11] Group 2 - The adjustment in the maximum repurchase price is due to the company's annual profit distribution plan, which does not include stock transfers, resulting in a flow share change ratio of 0 [9][11] - The adjusted maximum repurchase price is calculated based on the formula that considers the cash dividend and the change in circulating shares [10] - The company will continue to comply with relevant regulations and disclose information regarding the share repurchase progress in a timely manner [4][12]

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： 本次利润分配方案经公司2025年6月9日的2024年年度股东大会审议通过。 二、分配方案 1.发放年度：2024年年度 2.分派对象： 如在利润分配方案公告披露之日起至实施权益分派股权登记日期间，因可转债转股/回购股份/股权激励 授予股份回购注销/重大资产重组股份回购注销等致使公司总股本发生变动的，公司拟维持分配总额不 变，相应调整每股分配比例，如后续总股本发生变化，将另行公告具体调整情况。 截至本公告披露日，公司通过上海证券交易所交易系统以集中竞价交易方式回购公司股份99,300股。根 据相关规定，公司回购专用账户中的股份不参与本次利润分配。本次利润分配以权益分派股权登记日的 公司A股总股本100,666,667扣除公司回购专用证券账户中股份数量99,300股后的股份100,567,367股为基 数，向全体A股股东每股派发现金红利0.1001元（含税），共计派发现金红利10,066,793.44元（含 税）。 2024年度不进行资本公积金转增股本及送红股。 （2 ...

Group 1 - The company Shanghai Xinxiang Microelectronics Co., Ltd. has approved a share repurchase plan using its own funds, with a total repurchase amount not less than RMB 45 million and not exceeding RMB 80 million, at a maximum price of RMB 16.60 per share, within a period of 12 months from the approval date [2] - Due to the implementation of the 2023 annual equity distribution, the maximum repurchase price has been adjusted to RMB 16.56 per share [3] - On February 10, 2025, the company approved an adjustment to the repurchase plan, raising the maximum repurchase price to RMB 30.00 per share and extending the repurchase period by 6 months, now ending on August 19, 2025 [4] Group 2 - As of July 31, 2025, the company has repurchased a total of 3.970253 million shares, accounting for 0.86% of the total share capital, with the highest transaction price at RMB 22.50 per share and the lowest at RMB 7.97 per share, totaling RMB 55,681,336.49 spent [5] - The repurchase progress complies with relevant laws and regulations as well as the company's repurchase plan [6] - The company will continue to make repurchase decisions based on market conditions and fulfill its information disclosure obligations in a timely manner [7]

Group 1 - The establishment of the He Tao Shenzhen-Hong Kong Technology Innovation Cooperation Zone Shenzhen Park Trade Union Federation marks a milestone in Shenzhen-Hong Kong union collaboration and serves as a new starting point for national strategy services [1] - The first committee elected includes representatives from key institutions, high-tech enterprises, and top research institutes in Shenzhen, as well as representatives from the Hong Kong Federation of Trade Unions, creating a "Shenzhen-Hong Kong integration, multi-participation" organizational structure [1] - The He Tao Shenzhen Park Trade Union Federation effectively integrates various high-quality resources, linking the Hong Kong Federation of Trade Unions and various levels of Shenzhen's unions, as well as management and service resources from customs, border inspection, and the He Tao Development Bureau [1] Group 2 - The federation connects key innovation resources from major technology enterprises and research institutions, such as STMicroelectronics, Yuanrong Qixing, and the Hong Kong City University Mainland Research Institute, forming a "collaborative matrix" to support park development [1]

Summary of Key Points Core Viewpoint The report outlines the compliance and process of issuing convertible bonds and raising funds through a specific stock issuance by Si Rui Pu Microelectronics Technology (Suzhou) Co., Ltd. The issuance aims to support the acquisition of assets and is conducted under the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange. Group 1: Issuance Overview - The issuance price is set at 125.80 yuan per share, which is 117.36% of the minimum price based on the average trading price over the previous 20 trading days [2][3][10] - The total amount raised from the issuance is capped at 383.38 million yuan, with a final issuance of 3,047,535 shares [3][10][17] - The issuance process has been approved by the board of directors and shareholders, complying with relevant regulations [4][20] Group 2: Compliance and Procedures - The issuance followed necessary internal and external approval processes, including obtaining registration from the China Securities Regulatory Commission [4][20] - The report confirms that the issuance process adhered to the principles of fairness and transparency, ensuring no conflicts of interest among the involved parties [19][20] - The final investors selected for the issuance are compliant with the regulations and do not include any related parties that could pose a conflict of interest [10][20] Group 3: Investor Participation - A total of 6 investors were confirmed for the issuance, all of whom met the criteria set forth in the relevant regulations [2][10] - The investors' funds were verified to ensure they did not receive any guarantees or financial support from the issuer or its major shareholders [18][20] - The issuance included a lock-up period of 6 months for the newly issued shares, preventing immediate resale [10][20]

Group 1 - The company has issued 3,047,535 shares of common stock to specific investors, raising a total of RMB 383,379,903.00, with a net amount of RMB 371,798,040.71 after deducting issuance costs [1] - The issuance costs amounted to RMB 11,581,862.29, which includes underwriting fees and other expenses [1] - The company has signed a tripartite supervision agreement for the management of the raised funds, ensuring that the funds will only be used for the designated purpose of purchasing assets and related costs [1][2] Group 2 - The company has opened a special account for the raised funds at China Merchants Bank, specifically for the purpose of issuing convertible bonds and purchasing assets [1] - The independent financial advisor is responsible for ongoing supervision of the fund management, conducting checks every six months [2][3] - The tripartite agreement stipulates that any changes in the independent financial advisor must be communicated to all parties involved [3]

Core Viewpoint - The legal opinion letter issued by Gaopeng & Partners confirms the legality and validity of the procedures and results of the 2025 First Extraordinary General Meeting of Shareholders of Hangzhou Jinghua Microelectronics Co., Ltd. [1][16] Group 1: Meeting Procedures - The board of directors convened on July 10, 2025, to approve the proposal for the extraordinary general meeting, which was announced on July 12, 2025 [5] - The meeting took place on July 29, 2025, at the specified location and time, with the voting conducted through both on-site and online platforms [5][6] Group 2: Attendance and Voting - A total of 76 shareholders and representatives attended the meeting, representing 67,320,558 shares, which is 55.0593% of the total voting shares [6][8] - The online voting involved 69 shareholders, representing 1,076,277 shares, accounting for 0.8946% of the total voting shares [8] Group 3: Voting Results - The proposal regarding the extension, termination, and adjustment of investment projects was approved with 99.9006% in favor [9] - The proposal to change registered capital and adjust profit distribution policies was also approved with 99.8983% in favor [11] - The proposal to revise and establish governance systems received 99.9397% approval [12] - All proposals presented at the meeting were passed with significant majorities, confirming the shareholders' support [10][16]