兴业证券股份有限公司 关于江苏综艺股份有限公司本次交易摊薄即期回报情况 及填补措施之专项核查意见 江苏综艺股份有限公司（以下简称"公司"或"上市公司"）拟通过现金 增资以及表决权委托方式取得江苏吉莱微电子股份有限公司（以下简称""吉 莱微"或"标的公司"）控制权（以下简称"本次交易"）。根据《上市公司 重大资产重组管理办法》相关规定，本次交易构成重大资产重组。 兴业证券股份有限公司（以下简称"独立财务顾问"）作为上市公司本次 交易的独立财务顾问，根据《国务院办公厅关于进一步加强资本市场中小投资 者合法权益保护工作的意见》（国办发[2013]110号）、《国务院关于进一步促 进资本市场健康发展的若干意见》（国发[2014]17号）和中国证券监督管理委 员会（以下简称中国证监会）《关于首发及再融资、重大资产重组摊薄即期回 报有关事项的指导意见》（证监会公告[2015]31号）等有关规定，就本次交易 对上市公司即期回报的影响情况、采取的填补措施及承诺事项进行了核查，本 次核查的相关情况如下： 一、本次交易对公司主要财务指标的影响 根据立信会计师事务所（特殊普通合伙）出具的《备考审阅报告》，本次 交易对公司主要财务指 ...

兴业证券股份有限公司（以下简称"独立财务顾问"）作为上市公司本次 交易的独立财务顾问，诚实守信、勤勉尽责，严格按照《上市公司重大资产重 组管理办法》等规定，认真履行了尽职调查义务，对上市公司相关披露文件进 行了审慎核查，并出具了独立财务顾问报告及相关核查意见。本独立财务顾问 在充分尽职调查和内部审核的基础上作出以下承诺： 兴业证券股份有限公司 在充分尽职调查和内核基础上出具的承诺函 江苏综艺股份有限公司（以下简称"公司"或"上市公司"）拟通过现金 增资以及表决权委托方式取得江苏吉莱微电子股份有限公司（以下简称"吉莱 微"或"标的公司"）控制权（以下简称"本次交易"）。根据《上市公司重 大资产重组管理办法》相关规定，本次交易构成重大资产重组。 独立财务顾问主办人： 张衡 王海桑 兴业证券股份有限公司 券监督管理委员会及上海证券交易所的相关规定，所披露的信息真实、准确、 核机构审查，内核机构同意出具此专业意见； 已采取严格的保密措施，严格执行风险控制和内部隔离制度，不存在内幕交易、 操纵市场和证券欺诈问题。 特此承诺。 （以下无正文） （本页无正文，为《兴业证券股份有限公司在充分尽职调查和内核基础上出具 的承诺函 ...

兴业证券股份有限公司 年 月 日 兴业证券股份有限公司（以下简称"独立财务顾问"）作为上市公司本次交 易的独立财务顾问，就本次交易相关主体不存在《上市公司监管指引第 7 号— —上市公司重大资产重组相关股票异常交易监管》第十二条规定的不得参与任 何上市公司重大资产重组的情形进行了核查，具体如下： 截至本核查意见出具日，本次重组涉及《上市公司监管指引第 7 号——上 市公司重大资产重组相关股票异常交易监管》第六条规定的相关主体均未曾因 涉嫌与重大资产重组相关的内幕交易被立案调查或者立案侦查且尚未结案，最 近 36 个月内未曾因与重大资产重组相关的内幕交易被中国证监会作出行政处罚 或者司法机关依法追究刑事责任，均不存在《上市公司监管指引第 7 号—上市 公司重大资产重组相关股票异常交易监管》第十二条不得参与任何上市公司重 大资产重组的情形。 （以下无正文） 兴业证券股份有限公司关于本次交易相关主体 不存在《上市公司监管指引第 7 号——上市公司重大资产重组 相关股票异常交易监管》第十二条规定的不得参与任何上市公 司重大资产重组情形的核查意见 （本页无正文，为《兴业证券股份有限公司关于本次交易相关主体不存在〈上 市 ...

Group 1 - The core viewpoint of the article highlights the recent surge in stock prices of Anchek Testing and the comparison with the previous case of Shangwei New Materials, indicating that such dramatic price movements may not be easily replicated in the future [1][2][6] - Shangwei New Materials experienced a 15-fold increase in stock price due to the asset injection from Zhiyuan Robotics, while Anchek Testing's stock rose significantly after announcing a similar asset injection from Shanghai Xirui Technology [1][2] - An analysis of the market sentiment suggests that the excitement around reverse asset injections is high, but the risks associated with such investments are substantial, particularly given the differences in shareholder structures and asset values between the two companies [2][7] Group 2 - Shanghai Xirui Technology, established in 2012, focuses on the smart sensor field and has been preparing for an IPO for several years, indicating its strategic positioning in high-growth sectors [3][5] - The asset injection agreement involves a phased approach, with the first phase including the acquisition of 14.72 million shares at a price of 21.84 yuan per share, totaling approximately 322 million yuan [8] - The financial performance of Anchek Testing has been concerning, with continuous losses reported from 2022 to the first quarter of 2025, raising questions about the sustainability of its business model [5][9]

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]