香港聯合交易所有限公司與證券及期貨事務監察委員會對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Joinsilicon Microelectronics (Beijing) Co., Ltd. 中茵微電子（北京）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 警告 本公告乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會 （「證監會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 閣下閱覽本公告，即表示 閣下知悉、接納並向中茵微電子（北京）股份有限公司 （「本公司」）、其保薦人、整體協調人、顧問或包銷團成員表示同意： 1 (a) 在聯交所網站登載本公告，並不會引起本公司、其保薦人、整體協調人、顧 問或包銷團成員在香港或任何其他司法權區必須進行發售或配售的責任。本 公司最終會否進行發售或配售仍屬未知之數； (b) 本公告所涉及的上市申請並未獲批准，聯交所及證監會或會接納、發回或拒 絕有關的公開發售及╱或上市申請； (c) 本公告不得被視為誘導認購或購買任何證券，且並無誘導意 ...

Core Viewpoint - The article discusses the U.S. Department of Energy's announcement of 26 strategic technology challenges aimed at integrating artificial intelligence (AI) into scientific research, marking a significant shift in federal research policy and emphasizing the importance of AI in national security, energy, and foundational science [2][8]. Group 1: Overview of the 26 Challenges - The challenges span three major areas: energy, national security, and foundational science, showcasing a broad scope and high technological ambition [3]. - In the energy sector, key challenges include delivering nuclear energy more efficiently, accelerating fusion energy deployment, and enhancing the electric grid to support the U.S. economy [3]. - The document aims to reduce nuclear reactor design and operational costs by over 50% using AI, addressing the rising electricity demand from AI data centers [3]. - The fusion energy initiative plans to create an "AI-fusion digital integration platform" to systematically advance fusion research without relying solely on trial-and-error methods [3]. Group 2: Material Science and National Security - In material science, challenges focus on predictive functional design and reshaping advanced manufacturing, aiming to shorten the development cycle of new materials from decades to months [4]. - The national security section includes seven challenges, such as accelerating the discovery of strategic deterrent materials and enhancing nuclear threat assessment, all leveraging AI to modernize U.S. nuclear capabilities [4][5]. - The document highlights the urgency of transforming nuclear waste management, with an estimated $540 billion liability for the Department of Energy, emphasizing AI's potential to expedite waste processing by 2040 [5]. Group 3: Quantum Computing and Microelectronics - The challenges also address quantum computing and microelectronics, with goals to use AI to discover quantum algorithms and enhance the scalability and stability of quantum systems [5]. - The microelectronics challenge aims to restore U.S. leadership in semiconductor technology through AI-driven design ecosystems, particularly in AI computing chips and 6G communication networks [5]. Group 4: Paradigm Shift in Research - The document signifies a paradigm shift, proposing to elevate AI from a research tool to a core element of scientific infrastructure, aiming to double U.S. research productivity and influence within a decade [6]. - The concept of "AI-driven autonomous laboratories" is introduced, integrating various AI technologies to enhance experimental workflows and efficiency [6][7]. Group 5: Strategic Intent and Implementation Challenges - The announcement reflects the Trump administration's strategic response to rising technological competition, particularly with China, emphasizing the need to secure U.S. leadership in critical technology areas [8]. - The implementation of these challenges relies on the infrastructure of 17 national laboratories, promoting collaboration between government, industry, and academia [8][9]. - However, the challenges face significant uncertainties regarding AI's capabilities in deep physical reasoning and lack detailed funding and timeline specifications, which may hinder feasibility assessments [9]. Group 6: Future Directions - The White House plans to expand the challenge list across federal agencies, indicating that this initiative is just the beginning of a larger AI research coordination framework [10]. - The document positions AI as a national strategic element alongside nuclear deterrence and energy security, likely influencing future federal research resource allocation and global technology competition dynamics [10].

Core Viewpoint - The Hong Kong government has introduced a series of favorable measures in the 2026/2027 budget to promote innovation and technology development, artificial intelligence applications, asset and wealth management, and capital market construction [3]. Group 1: Support for Emerging Industries - The budget emphasizes support for emerging industries, including attracting aerospace companies to Hong Kong and reviewing listing regulations to facilitate the listing of aerospace technology firms [4]. - In the microelectronics sector, the Hong Kong Investment Corporation has established the "Hong Kong RISC-V Alliance" to promote collaboration among industry, academia, and investors, and is actively advancing research and applications in embodied intelligence, quantum technology, and new materials [4]. - A "Innovation and Technology Industry Guidance Fund" of HKD 10 billion will be launched to lead market capital investment in strategic emerging fields such as life and health technology, AI, and robotics [4]. Group 2: Promotion of AI Development - The budget outlines a comprehensive push for "AI+" development, including the establishment of an "AI+ and Industry Development Strategy Committee" to drive industry transformation [6]. - An AI research institute will commence operations in the second half of the year to support project development and results transformation, alongside a public AI training initiative with a budget of HKD 50 million [6]. - Additional funding of HKD 100 million will be allocated to introduce leading industry technologies to accelerate the government's digital transformation [6]. Group 3: Tax System Optimization for Family Offices and Funds - The Hong Kong Monetary Authority and the Securities and Futures Commission are actively implementing the "Fixed Income and Currency Market Development Roadmap" to enhance the bond market [7]. - The government plans to optimize the tax system to attract family offices and funds, including broadening the definition of "funds" to cover specific single-investor funds and listing digital assets, precious metals, and certain commodities as eligible for tax relief [7]. - There are currently over 3,300 single family offices established in Hong Kong, indicating a growing interest in the region for wealth management [7]. Group 4: Development of REITs and Fund Market - The Hong Kong government and the Securities and Futures Commission will continue to promote the development of the REITs market, including submitting legislative amendments to facilitate privatization or restructuring of REITs [8]. - A proposal will be made to exempt non-residential property transfer stamp duty for REITs preparing for listing, with legislative amendments expected to be submitted in the first half of next year [8]. - The Hong Kong Stock Exchange's comprehensive fund platform will expand its functions to include payment and settlement processes for fund sales, enhancing market efficiency and reducing transaction costs [8].

Core Viewpoint - The article discusses the appointment of Huang Ru as the Vice Minister of the National Development and Reform Commission (NDRC), highlighting her extensive academic and professional background in microelectronics and artificial intelligence [2][3][4]. Group 1: Appointment Details - Huang Ru has been appointed as the Vice Minister of the NDRC, a position she will hold concurrently [2]. - Prior to this appointment, she served as a member of the NDRC's Party Leadership Group at the vice-ministerial level [3]. Group 2: Academic and Professional Background - Huang Ru was born in November 1969, holds a doctoral degree in science, and has a long-standing career in academia, including positions at Peking University and Southeast University [3][5]. - She has been recognized as a leading figure in the field of integrated circuits and semiconductor technology, with significant contributions to low-power logic and memory devices, neuromorphic devices, and edge intelligence computing chips [4][5]. Group 3: Contributions to the Industry - Huang Ru has made substantial innovations in integrated circuit technology, establishing a solid foundation for sustainable development in China's semiconductor sector [4]. - She has been involved in promoting artificial intelligence development in China, emphasizing the importance of international cooperation in this field [4]. Group 4: Leadership and Influence - As a prominent academic and leader, Huang Ru has held various significant positions, including Vice President of Peking University and President of Southeast University, and has been instrumental in fostering talent in the integrated circuit industry [5]. - Her research has been recognized internationally, and she has played a key role in bridging academia and industry, facilitating the transfer of critical technologies to practical applications [5].

Core Points - The resignation of Ms. Wu Changnian as the Secretary of the Board of Chengdu Sicore Microelectronics Co., Ltd. was due to work arrangement adjustments, and she will no longer hold any position in the company but will continue to serve in a subsidiary [1][2] - Ms. Wu holds 3.84% of the company's total shares, amounting to 3.8436 million shares, which will continue to be managed according to relevant laws and regulations [1] - The company has appointed Mr. Wang Hua as the new Deputy General Manager and Mr. Qin Zhulin as the new Secretary of the Board, effective from the date of the board meeting on February 9, 2026 [2][3] Appointment Details - Mr. Wang Hua, born in 1978, has a background in law from Tsinghua University and has held various positions in the aviation industry, including Deputy General Manager at Shaanxi Haice Electronic Technology Service Co., Ltd. since September 2025 [4] - Mr. Qin Zhulin, born in 1983, has a degree in financial management from Southwest University of Finance and Economics and has experience in investment and securities, serving as the Investment Relations Manager at Chengdu Sicore Microelectronics since October 2025 [5] - Both appointees meet the qualifications required by the Company Law and relevant regulations, and neither holds shares in the company nor has any related party relationships with major shareholders or management [5]

Group 1 - The core point of the article is that Shenzhen Nanfei Microelectronics Co., Ltd. has filed for counseling registration with the Shenzhen Securities Regulatory Bureau on February 10, 2026, with CITIC Securities as the counseling institution [1] Group 2 - The company is preparing for a potential public offering or other capital market activities, indicating growth and expansion plans [1] - The involvement of CITIC Securities suggests a strategic partnership that may enhance the company's market positioning and investor confidence [1] - This move reflects the ongoing trend of technology companies in China seeking to access public capital markets for funding and development [1]

Core Viewpoint - Shenzhen's state-owned assets play a crucial role in supporting technological innovation and nurturing hard-tech enterprises, with a call for optimizing the investment assessment mechanism to align with the long-term development needs of these companies [2][3]. Group 1: Current Challenges - The existing investment assessment mechanism primarily relies on short-term financial indicators such as "net profit" and "listing time," which do not align with the long-term, high-investment, and slow-return nature of hard-tech enterprises [2][3]. - In the current economic environment, with narrowed listing channels and a cooling market for financing, some companies face pressure to repurchase equity due to unmet performance targets, hindering their ongoing R&D and long-term development [2]. Group 2: Proposed Solutions - Recommendations include the formulation of guidelines for assessing and exiting investments in hard-tech enterprises, eliminating mandatory performance clauses related to "net profit growth rate" and "listing time," and establishing a long-term assessment system focused on patent quality, ecosystem development, and technological milestones [3]. - The proposal also suggests optimizing the exit mechanism for state-owned investments, allowing for negotiation on holding periods and flexible repurchase arrangements to avoid forced equity buybacks during challenging times for companies [3]. - Additionally, there is a push for building a post-investment empowerment system, encouraging state-owned entities to connect enterprises with industry resources, open application scenarios, and participate in standard-setting, with the effectiveness of these connections included in the assessment of state-owned assets [3].

Group 1 - The Hong Kong government emphasizes the importance of the "14th Five-Year Plan" as a guiding framework for the city's development, particularly in sectors like finance, trade, and technology [1] - Hong Kong is actively attracting technology companies, providing them with favorable conditions for fundraising and talent acquisition, as well as opportunities to adapt their technologies to international standards through smart city initiatives [1] - A microelectronics company has successfully established a new production line in Hong Kong, focusing on semiconductor equipment, which is expected to enhance the local ecosystem and accelerate industry development [1] Group 2 - The Hong Kong Productivity Council, as part of the government's initiative, has launched the "Cradle Outbound Service Center" to support companies in expanding internationally, with over 350 companies expressing interest in its services [2] - In the past three years, more than 100 companies have been attracted to set up in Hong Kong, with an expected investment of over HKD 60 billion, creating approximately 22,000 R&D or management positions [2] - Hong Kong's financial services are positioned to empower industry development, with the IPO market leading globally, raising over HKD 280 billion from 119 companies, particularly in technology and biotech sectors [3]

Group 1 - Beijing Zhixin Microelectronics Technology Co., Ltd. has obtained a patent for an "oscillator circuit for generating a constant output frequency signal" with authorization announcement number CN115296648B, applied for on July 2022 [1] - Beijing Zhixin Microelectronics Technology Co., Ltd. was established in 2013, located in Beijing, primarily engaged in power and heat production and supply, with a registered capital of 641,018.943287 million RMB [1] - The company has made investments in 9 enterprises, participated in 4,280 bidding projects, holds 134 trademark records, and has 3,158 patent records, along with 10 administrative licenses [1] Group 2 - Chip Creation Intelligence (Beijing) Microelectronics Co., Ltd. was established in 2017, located in Beijing, primarily engaged in technology promotion and application services, with a registered capital of 14 million RMB [1] - The company has invested in 3 enterprises, participated in 12 bidding projects, holds 81 patent records, and has 5 administrative licenses [1] Group 3 - Beijing Xinke Jian Technology Co., Ltd. was established in 2019, located in Beijing, primarily engaged in technology promotion and application services, with a registered capital of 90 million RMB [2] - The company has participated in 29 bidding projects, holds 236 patent records, and has 6 administrative licenses [2]

Core Viewpoint - The meeting emphasized the importance of promoting the healthy and high-quality development of the private economy, aligning with the directives from the central government and focusing on confidence and effort to support the modernization of the province during the "14th Five-Year Plan" period [2][3]. Group 1: Policy and Economic Environment - The provincial government has been committed to developing and strengthening the private economy by improving policies and optimizing the business environment, which has led to steady growth in the private sector [3]. - A special action plan has been initiated to address significant issues faced by private enterprises, particularly in light of the complex external environment and new domestic challenges [3]. Group 2: Strategic Focus Areas - There is a strong emphasis on enhancing industrial capabilities, accelerating digital empowerment, optimizing traditional industries, and fostering emerging industries during the "14th Five-Year Plan" period [4]. - The government aims to strengthen technological innovation, accelerate breakthroughs in key core technologies, and enhance talent cultivation to promote new productive forces [4]. - Investment expansion and project implementation are prioritized, with a focus on optimizing investment directions and utilizing financing policy tools effectively [4]. - The strategy includes expanding market space by tapping into domestic markets and actively exploring overseas markets while avoiding "involution" competition [4]. - A commitment to green and low-carbon transformation is highlighted, with initiatives to promote energy-saving and carbon-reduction modifications in key industries and participation in the new energy system [4]. - The development of specialized, refined, and innovative enterprises is encouraged to foster a healthy industrial ecosystem that integrates large, medium, and small enterprises [4].