Fundraising Overview - The company raised a total of RMB 113,511.12 million from the issuance of 17 million shares at a price of RMB 73.33 per share, with an oversubscription amount of RMB 1,566.33 million [1] - The funds have been verified and are fully in place as of July 12, 2023, by Rongcheng Accounting Firm [1] Fund Management - The company has established a dedicated account for the management of the raised funds and signed a tripartite supervision agreement with the sponsor and the bank [2] Use of Remaining Oversubscription Funds - The company plans to use RMB 33.10 million of the remaining oversubscription funds to permanently supplement its working capital, which aligns with its operational needs and benefits all shareholders [5][7] - After this allocation, the balance of the oversubscription account will be zero, and the company will cancel the relevant dedicated fund account [5] Compliance and Commitments - The company commits that the amount used for working capital will not exceed 30% of the total oversubscription funds within any 12-month period and will not engage in high-risk investments or provide financial assistance to others within 12 months after the fund allocation [5][6] Approval Process - The proposal for using the remaining oversubscription funds has been approved by the company's board of directors and supervisory board, and it will be submitted for review at the upcoming extraordinary shareholders' meeting [6][7] Supervisory Board Opinion - The supervisory board agrees that the use of remaining oversubscription funds for working capital meets legal requirements and does not conflict with the implementation of fundraising projects, fulfilling the company's operational liquidity needs [7] Sponsor's Verification - The sponsor has verified that the proposal has been duly approved by the board and supervisory board, and it complies with relevant regulations regarding the use of fundraising [7]

Group 1: Regional Collaboration and Innovation - The Yangtze River Economic Belt is enhancing collaborative innovation through the signing of the "Yangtze River Economic Belt Collaborative Innovation Framework Agreement" by 11 provinces and cities, focusing on cross-regional technological and industrial innovation [1][2] - The establishment of the "Long Triangle Technology Innovation Collaborative Development Decision" marks a new phase of legal governance for technological innovation collaboration in the Yangtze River Delta [1][9] - The Long Triangle region aims to strengthen the integration of technological and industrial innovation, fostering new industries and business models while expanding development space [1][10] Group 2: Technological Advancements and Achievements - The introduction of a new high-performance ultrafast laser from Anhui Huachuang Hongdu Optoelectronics Technology Co., Ltd. is set to change the domestic femtosecond laser market, with key components now being produced domestically [4][5] - The Long Triangle National Technology Innovation Center has attracted over 18,000 R&D personnel and incubated more than 1,700 enterprises, significantly contributing to technological advancements [6][10] - The successful development of the world's longest single-core underwater optical cable by Jiangsu Hengtong Optic-Electric Co., Ltd. demonstrates the region's capability to compete with international giants through collaborative innovation [8][10] Group 3: Ecosystem and Infrastructure Development - The Long Triangle region is focusing on creating a favorable business environment and optimizing the innovation ecosystem to support enterprise development and talent attraction [10][11] - The establishment of 24 Long Triangle Innovation Alliances aims to enhance cross-regional collaborative innovation, fostering a robust innovation atmosphere [8][10] - The integration of technological resources and the establishment of key laboratories across the Yangtze River Economic Belt are expected to drive significant advancements in technology and innovation [7][10]

Core Insights - Huai'an Ruihong Optoelectronics Technology Co., Ltd. has been established with a registered capital of 20 million RMB [1] - The company is involved in a wide range of activities including research and development of electronic materials, motor control systems, and emerging energy technologies [1] Company Overview - The legal representative of the company is Yuan Fenghua [1] - The business scope includes manufacturing and sales of various electronic components, optical devices, and industrial robots [1] Industry Activities - The company engages in the research and development of electronic special materials, power electronic components, and optical glass [1] - It also covers manufacturing of electronic measuring instruments, general equipment, and hydraulic power machinery [1]

Core Viewpoint - The legal opinion letter confirms that Hangzhou Meidike Optoelectronics Technology Co., Ltd. has complied with necessary legal procedures and regulations regarding the repurchase and cancellation of certain restricted stocks as part of its 2024 stock option and restricted stock incentive plan [2][11]. Group 1: Legal Compliance and Procedures - The law firm conducted a thorough review based on existing facts and relevant laws, ensuring that the legal opinion is accurate and complete [3][5]. - The company has provided all necessary documents and information to the law firm, confirming their authenticity and completeness [4][5]. - The company has followed the required decision-making procedures and disclosed relevant information regarding the repurchase and cancellation of restricted stocks [6][9]. Group 2: Repurchase and Cancellation Details - The repurchase involves 21,000 shares of restricted stock and 21,000 stock options due to the departure of two incentive plan participants [9][10]. - The repurchase price for the restricted stock is set at 3.69 yuan per share, with a total payment of 77,490.00 yuan sourced from the company's own funds [10][11]. - The cancellation of the restricted stocks is expected to be completed by August 27, 2025, resulting in a reduction of the company's total share capital from 406,737,698 shares to 406,716,698 shares [10][11].

Core Viewpoint - The company announced the repurchase and cancellation of restricted stocks due to the departure of two incentive plan participants who no longer qualify for the incentive program [1][5]. Group 1: Repurchase and Cancellation Details - The company will repurchase and cancel a total of 21,000 restricted stocks and 21,000 stock options from the departing employees [5][6]. - The repurchase price for the restricted stocks is set at 3.69 yuan per share, totaling 77,490.00 yuan, funded by the company's own resources [6][7]. - The total share capital of the company will decrease from 406,737,698 shares to 406,716,698 shares following the cancellation [6][7]. Group 2: Decision and Approval Process - The decision for the repurchase was approved during the company's board meetings held on June 6, 2025, and subsequent meetings confirmed the details of the incentive plan adjustments [2][3]. - The company conducted an internal announcement regarding the incentive plan participants, with no objections raised during the public notice period [2][3]. - Legal opinions confirm that the repurchase and cancellation process complies with relevant laws and regulations, ensuring no harm to the rights of the incentive participants or creditors [7][8].

Group 1 - Tianjin is implementing a series of policies to support the development of the private economy, addressing enterprise concerns and solving development challenges [1][2] - The establishment of a "green channel" for drug approval has significantly shortened the approval cycle for new drugs, benefiting biopharmaceutical companies [1] - The "bonded research and development" policy has reduced customs clearance time from 3 days to 4 hours, enhancing supply chain efficiency for companies like Lenovo [1] Group 2 - Tianjin's Development and Reform Commission holds regular meetings with private enterprises to create a supportive development environment and address their needs [2] - A collaborative service model involving multiple departments has been implemented to provide on-site support for project development, aiding companies in their growth [2] - Initiatives targeting recruitment challenges for private enterprises include efficient platforms for connecting job seekers with employers, particularly focusing on recent graduates and unemployed individuals [2] Group 3 - The establishment of "handshake meetings" between state-owned enterprises and private enterprises aims to enhance cooperation in the industrial and innovation chains [3] - Tianjin is fostering the development of industrial clusters by promoting the integration of leading enterprises with their supply chains [3] - The "China Information Innovation Valley" in Binhai High-tech Zone is witnessing significant growth, with over 1,000 enterprises in the information technology application innovation industry, and projected revenue growth of 30.1% in 2024 [3]

Group 1 - A new company, Xuzhou Hongfan Optoelectronic Technology Co., Ltd., has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Jing Qinghai [1] - The company's business scope includes various services such as technology services, technical consulting, and digital content production [1] Group 2 - The company is involved in the manufacturing and sales of optoelectronic devices and lighting fixtures [1] - It also engages in advertising services, including design, production, and publication [1] - The company offers professional design services and marketing planning [1]

Core Viewpoint - The company, Jiuquan Technology (Shanghai) Co., Ltd., has announced a cash dividend distribution of 0.60 RMB per share, totaling 69,083,532 RMB, approved at the annual shareholders' meeting on June 27, 2025 [1][2]. Dividend Distribution Plan - The cash dividend of 0.60 RMB per share is based on a total share capital of 115,139,220 shares [1]. - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [1]. Relevant Dates - The key dates for the dividend distribution are as follows: - Registration Date - Ex-Dividend Date - Dividend Payment Date [1]. Implementation Method - For unrestricted circulating shares, dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [1]. - Shareholders who have completed designated transactions can receive cash dividends on the payment date at their designated securities firms [1]. Taxation on Dividends - For individual shareholders holding unrestricted circulating shares, dividends are subject to different tax treatments based on the holding period: - Holding period over 1 year: No personal income tax on dividends [3]. - Holding period within 1 year: No withholding tax at the time of distribution; tax will be calculated upon transfer of shares [3]. - For shareholders holding restricted shares, tax will be calculated based on the holding period post-lifting of restrictions [4]. Tax Rates for Different Shareholders - Non-resident enterprises will be taxed at a reduced rate of 10%, resulting in a net dividend of 0.54 RMB per share [5]. - Qualified Foreign Institutional Investors (QFII) will also face a 10% withholding tax, leading to a net dividend of 0.54 RMB per share [5][6]. - For Hong Kong investors holding shares via the "Shanghai-Hong Kong Stock Connect," a 10% tax will apply, resulting in a net dividend of 0.54 RMB per share [6]. Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the Board Office at 021-50277832 [6].

Key Points - The company has adjusted the total cash dividend for the 2024 profit distribution from 68,751,540.00 CNY (including tax) to 69,083,532.00 CNY (including tax) while maintaining the cash dividend per share at 0.60 CNY (including tax) [1][2] - The adjustment is due to changes in the number of shares eligible for distribution resulting from the registration of restricted stock [1][2] - The company's total share capital increased from 114,585,900 shares to 115,139,220 shares following the completion of the first vesting period of the restricted stock incentive plan, which involved 553,320 shares and 135 participants [2]

Group 1 - The Yangtze River Economic Belt is enhancing collaborative innovation through regional legislation and agreements, marking a new phase in technology innovation cooperation [1][9] - The Long Triangle region has established a legal framework for technology innovation collaboration, which is the first of its kind in the country [1] - The Long Triangle region is focusing on key sectors such as artificial intelligence, integrated circuits, and biomedicine to drive high-quality development [1][10] Group 2 - The establishment of the Yangtze River National Technology Innovation Center has attracted significant innovation resources, leading to the incubation of over 1,700 enterprises [6][10] - The Long Triangle region has implemented 43 projects since 2022, with a total financial input of 1.8 billion yuan from local governments and 1.15 billion yuan from social investments [10] - The Long Triangle region is home to three out of five national-level technology innovation centers, indicating its strategic importance in the national innovation landscape [10] Group 3 - The successful case of Huazhi Biotechnology in Chuzhou highlights the potential of regional collaboration in fostering innovation and attracting investment [2][3] - The Long Triangle region is creating a collaborative innovation ecosystem, with initiatives like the "Long Triangle Marine Information Transmission Technology Innovation Alliance" to enhance technological capabilities [8] - The integration of technology and industry is emphasized as a key strategy for fostering new industries and business models in the Long Triangle region [1][9]