Core Points - The company announces the retirement of core technical personnel Yin Huilong due to reaching the legal retirement age, effective August 4, 2025, and he will no longer hold any position within the company [2][3] - The company has appointed Ding Xiaofeng as the new core technical personnel based on his educational background, work experience, and contributions to the company's R&D projects [2][8] - There are no patent disputes or potential disputes regarding the intellectual property rights created during Yin Huilong's tenure, and the transition of responsibilities has been completed smoothly [5][10] Personnel Changes - Yin Huilong, born in June 1965, has a background as a senior engineer and has held various positions within the company since 2002, including Vice Director of the R&D Center [3][4] - Ding Xiaofeng, born in November 1980, has been with the company since 2004 and has held multiple managerial roles, including Vice General Manager and Director of the Advanced Technology Research Institute [8][9] Impact on Company Operations - The company maintains a stable and experienced core technical team, with no significant reliance on any specific individual, ensuring ongoing R&D capabilities [10][11] - The number of R&D personnel has increased from 282 in 2022 to 358 in 2024, indicating a commitment to enhancing R&D capabilities [10] - Ding Xiaofeng has contributed to the filing of 54 patents during his tenure, which supports the company's technological advancements [10] Measures Taken by the Company - The company emphasizes the importance of R&D and plans to continue investing in the recruitment and training of technical talent, optimizing the R&D team structure and performance evaluation mechanisms [11] - The company has established a complete R&D team structure, ensuring that ongoing projects are progressing normally [11][12]

Core Views - The core technical personnel of Suzhou Shangsheng Electronics Co., Ltd. has undergone changes, with the retirement of Mr. Yin Huilong and the addition of Mr. Ding Xiaofeng as a core technical personnel [1][3]. Summary of Core Technical Personnel Changes - Mr. Yin Huilong retired due to reaching the legal retirement age and will no longer hold any position in the company [1]. - Mr. Yin Huilong held 302,036 shares, accounting for 0.1855% of the total share capital [2]. - Mr. Ding Xiaofeng has been newly recognized as a core technical personnel, contributing significantly to the company's R&D projects [3]. R&D and Intellectual Property - Mr. Yin Huilong participated in the company's technology R&D, and all related intellectual property rights belong to the company, with no patent disputes [2]. - Mr. Ding Xiaofeng has been involved in applying for 54 patents during his tenure, including 11 PCT patents and 43 invention patents [6]. Impact on Company Operations - The company maintains a stable core technical team and has established a complete R&D system, ensuring no significant reliance on specific personnel [5]. - The total number of core technical personnel remains unchanged after the personnel changes, ensuring continuity in R&D capabilities [5]. - The company emphasizes talent introduction and training, with a focus on enhancing technical innovation capabilities [6]. Measures Taken by the Company - The company will continue to strengthen the R&D team structure and optimize the assessment and reward mechanisms for R&D personnel [6]. - The company’s daily operations and technical R&D are reported to be normal, with no adverse impact from the personnel changes [6].